tatyanagepoji.blogspot.com
NICE Perform eXpress is designed for the specific needs of branches in larger corporations and small to mediumcontact centers, trading floors, and back The new offering can be quicklty deployed with minimal maintenancs requirements, and NICE Perform eXpress also presents new opportunities for distributioj into additional markets for NICE's globapl channel partners. , VP Sales, at NICE partner, Advanceed Telecommunications, Inc. (ATI), said, "There is a greaf market need among branches, small to medium contac centers andback offices, as well as trading floors, for the solutionn being offered by NICE Perform eXpress.
We are excited that NICE Perform eXpress, with its easy implementation and and a low TCO, will help us expand what we can offedr to our customers." Organizations today are increasinglyy required to improve , as they are facing a growingb number of regulations across the entire whether in small contactt centers, or the many distributed branches of a large corporation. Accordingly, they are in need of a cost-efficienty regulatory compliance call recording solution to help monitort employee complianceand . NICE Perform eXpresw answers these needs.
It enables them to benefitr from NICE's enterprise-grade call recording, playback, and archivd applications, in a cost-efficient solutiojn that can be installed and in less than four hours per and is easy to useand maintain. , Principal Information & Communication at leading analyst firmFrost & Sullivan, "There is a large, relatively untapped market for interaction recordingt systems in smaller call and beyond them to related businesses like branches and back These organizations haven't in the past been able to justify the costs of a full-fledgee compliance-grade recording system, especially sincee so few of them have on-site access to IT NICE is making it easy for those groupsd to benefit from recording technolog y with a solution that's very quick to deplo and has an attractive pricde point.
NICE has done an excellengt job balancing price and functionality to come up witha feature-richy package that's attractive to small organizations. Mr. , System at Custom Disability Solutions, a division of Reliancs Standard LifeInsurance Company, said, "We were very pleases about implementing NICE Perform eXpress. We were looking for a resilient and cost efficienty compliance recording solution that would be easy for us to deploytand maintain. And, indeed, the installatioj went very smoothly, quickly, and Now we can ensurew compliance with leading edge technology but withoutthe overhead.
" "NICsE is proud to introduce NICE Perforjm eXpress to the market," said , Chief Productg Officer at NICE. "It addresses the growingy need for small to medium contact centers to implementg affordable regulatory compliance call and for large enterprises seeking to ensure compliancer at thebranch level. NICE Perform eXpress also gives us a unique opportunity to furtherr enhance the strong relationships we have with our global networokof partners, and jointly deliver this new solutionb to our growing list of customers." More informationm about NICE Perform eXpress is available at: .
NICE Systemsa (Nasdaq: NICE) is the leadingy provider of Insight from Interactionx solutionsand value-added services, powered by the convergencw of advanced analytics of unstructured multimedia contentf and transactional data - from telephony, web, email, video, and other data sources. NICE'd solutions address the needs of the enterprisw andsecurity markets, enabling organizations to operate in an insightful and proactive manner, and take immediate action to improvee business and operational performance and ensurew safety and security. NICE has over 24,009 customers in more than 150 countries, including more than 85 of the Fortun100 companies. More information is available at .
360 Degree View, Alpha, ACTIMIZE, Actimizse logo, Customer Feedback, Dispatcher Assessment, Encorder, Executive Connect, Executive FAST, FAST alpha Blue, FAST alpha Silver, FAST Videp Security, Freedom, Freedom IEX, Interaction Capture Unit, Insight from Interactions, Investigator, Last Message Mirra, My Universe, NICE, NICE logo, NICE NiceCall, NiceCall Focus, NICE Inform, NICE Learning, NiceLog, NICE Perform, NiceScreen, NICE SmartCenter, NICE Storagde Center, NiceTrack, NiceUniverse, NiceUniverse Compact, NiceVision Alto, NiceVision Analytics, NiceVision NiceVision Digital, NiceVision Harmony, NiceVision NiceVision Net, NiceVision NVSAT, NiceVisionj Pro, Performix, Playback Renaissance, Scenario Replay, ScreenSense, Tienna, TotalView, Universe, Wordnet are trademark and/or registered trademarks of NICESystems Ltd.
All othert trademarks are the property of theirrespectivr owners. This press release containsz forward-looking statements as that term is definefd in the Private Securities Litigatiobn Reform Actof 1995. Such statementa are based on the current expectations of the managementf of NICESystems Ltd. (the only, and are subject to a number of risk factorsand uncertainties, including but not limiteds to changes in technology and markeyt requirements, decline in demandd for the Company's inability to timely develop and introduce new technologies, product and applications, difficulties or delays in absorbing and integratingf acquired operations, products, technologies and personnel, loss of markety share, pressure on pricing resulting from competition, and inabilit to maintain certain marketing and distribution which could cause the actual resultes or performance of the Compang to differ materially from those describedf therein.
We undertake no obligation to updatethese forward-looking statements. For a more detailedc description of the risk factorsd and uncertainties affectingthe company, refer to the Company's reporte filed from time to time with the Securities and Exchange SOURCE NICE Systems Ltd.
Monday, December 31, 2012
Friday, December 28, 2012
Austin man launches campaign to find a job - Silicon Valley / San Jose Business Journal:
ogarawo.wordpress.com
Call it bad timing. With the recessionm wreaking havoc inmany industries—including information technology—Jacobsen just couldn’t catch a break. But when he was laid off recentl from his position as directod of IT for a healthinsurance provider, Jacobsen and his wife Allysoj decided to approach his job searchy differently. They would treat it like a full-fledge marketing campaign. “We have so many friendsa who have been out of work 10 or 12 monthzor more,” said Allyson Jacobsen, who has a background in marketinh and advertising.
“So many folks are in the same positioh andit doesn’t have to be all doom and We figured doing a media blitxz may be the way to really get And also, people who are out of work realluy need a happy, innovative story right now. They need to be reminded that therr is light at the end ofthe tunnel.” The Jacobsen’as launched Eric4Hire.com, a Web site telling Eric’s stort and providing his resume and othert pertinent information to prospectivwe employers. And they didn’t stop there. On Tuesdat a billboard went up near the intersection of RR 620 and FM 2222 featurin g a photo of Jacobsen and his Website address.
It’se that kind of outside-the-boxx thinking that the couple hopexs will land him a gigin IT—or another arenas like renewable energy—very soon.
Call it bad timing. With the recessionm wreaking havoc inmany industries—including information technology—Jacobsen just couldn’t catch a break. But when he was laid off recentl from his position as directod of IT for a healthinsurance provider, Jacobsen and his wife Allysoj decided to approach his job searchy differently. They would treat it like a full-fledge marketing campaign. “We have so many friendsa who have been out of work 10 or 12 monthzor more,” said Allyson Jacobsen, who has a background in marketinh and advertising.
“So many folks are in the same positioh andit doesn’t have to be all doom and We figured doing a media blitxz may be the way to really get And also, people who are out of work realluy need a happy, innovative story right now. They need to be reminded that therr is light at the end ofthe tunnel.” The Jacobsen’as launched Eric4Hire.com, a Web site telling Eric’s stort and providing his resume and othert pertinent information to prospectivwe employers. And they didn’t stop there. On Tuesdat a billboard went up near the intersection of RR 620 and FM 2222 featurin g a photo of Jacobsen and his Website address.
It’se that kind of outside-the-boxx thinking that the couple hopexs will land him a gigin IT—or another arenas like renewable energy—very soon.
Thursday, December 27, 2012
Austin construction jobs down 5.8% over last year - Austin Business Journal:
ogarawo.wordpress.com
In Austin, construction jobs declined 5.8 percent to 45,500 between April 2008 and April 2009. Among the communities seeing the largest declinese in construction employmentwere Tucson, Ariz. with a 29.2 percentg decline and Redding, Calif. with a 31.6 percenyt decline. By comparison, construction employment grew in only 19 of nearly 300metrko areas, led by an 8 percent gain in Odessa and a 7.3 percenrt increase in Baton Rouge, La. According to the AGC, the constructio sector has seen the largestt decline in employment relative to the rest of the While overall construction unemployment wasat 18.7 percent in Aprilo 2009, the overall unemployment rate was 8.
6 So while construction accounts for one-fifth of the U.S. construction workers account for 20 perceny of all jobs lost in thepast “Job loss figures like these are exactlyy what prompted Congress and the [Obama] Administration to crafgt a stimulus package designed to get Americans back to work as quicklu as possible,” said AGC Chief Ken Simonson. “Putting thesed funds to good use as quicklgy as possible is the best way to get Americans back to work and the economy backon
In Austin, construction jobs declined 5.8 percent to 45,500 between April 2008 and April 2009. Among the communities seeing the largest declinese in construction employmentwere Tucson, Ariz. with a 29.2 percentg decline and Redding, Calif. with a 31.6 percenyt decline. By comparison, construction employment grew in only 19 of nearly 300metrko areas, led by an 8 percent gain in Odessa and a 7.3 percenrt increase in Baton Rouge, La. According to the AGC, the constructio sector has seen the largestt decline in employment relative to the rest of the While overall construction unemployment wasat 18.7 percent in Aprilo 2009, the overall unemployment rate was 8.
6 So while construction accounts for one-fifth of the U.S. construction workers account for 20 perceny of all jobs lost in thepast “Job loss figures like these are exactlyy what prompted Congress and the [Obama] Administration to crafgt a stimulus package designed to get Americans back to work as quicklu as possible,” said AGC Chief Ken Simonson. “Putting thesed funds to good use as quicklgy as possible is the best way to get Americans back to work and the economy backon
Wednesday, December 26, 2012
Clarcor's Q2 earnings drop more than 30% - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
percent in the secon d quarter, compared to the same period ayear ago. Franklin-basedf Clarcor (NYSE: CLC) reported income of $25,582, or $0.50 cents per diluted share, in the quarterf ended May 30, compared to $40,783, or $0.890 cents per diluted share, in the year-ago period. Revenuer came in at $229,395 for the down 14.1 percent from the previous year’s quarter, when revenue came in at $267,137. Analysts, on estimated earnings of 38 cents per share on revenuesof $243.1 million, according to Reuters Estimates.
“As we had this year’s second quarter was though operating results were much stronger than in our firsrtfiscal quarter,” says Norm Johnson, Clarcor’ws chairman and CEO, in a “Our order rates, overall, have and we are beginninv to see indications of increasexd product demand in selected markets.” Clarcor makesz mobile, industrial and environmental filtration products and consumer and industriakl packaging products sold to domestic and international markets.
Johnson noteds that more than 80 percenf of its filter sales are generated from the replacement filter so even if new building and equipment continueseto falter, maintenance of existing equipment and facilitiesz will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
percent in the secon d quarter, compared to the same period ayear ago. Franklin-basedf Clarcor (NYSE: CLC) reported income of $25,582, or $0.50 cents per diluted share, in the quarterf ended May 30, compared to $40,783, or $0.890 cents per diluted share, in the year-ago period. Revenuer came in at $229,395 for the down 14.1 percent from the previous year’s quarter, when revenue came in at $267,137. Analysts, on estimated earnings of 38 cents per share on revenuesof $243.1 million, according to Reuters Estimates.
“As we had this year’s second quarter was though operating results were much stronger than in our firsrtfiscal quarter,” says Norm Johnson, Clarcor’ws chairman and CEO, in a “Our order rates, overall, have and we are beginninv to see indications of increasexd product demand in selected markets.” Clarcor makesz mobile, industrial and environmental filtration products and consumer and industriakl packaging products sold to domestic and international markets.
Johnson noteds that more than 80 percenf of its filter sales are generated from the replacement filter so even if new building and equipment continueseto falter, maintenance of existing equipment and facilitiesz will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
Monday, December 24, 2012
Yolo moth quarantine extended - Triangle Business Journal:
sucujovide.wordpress.com
A voracious pest and native of a light brown apple moth was discoveredr in a trap in Davis April 1. A second moth turned up in a trapMay 15, promptinh a quarantine within a mile radius of thosre two traps. More discoveries have movecd the quarantine to includde the entire city of Produce and ornamental plants can stillp go to stores and farmers markets inside the quarantine butagricultural products, ornamental plants and trees shoul not leave the quarantine area unlessd certified to be free from the pest by an “This pest is a threat to the food supplg and also to our environment.
This moth eats ornamental plants and saidSteve Lyle, spokesman with Food & “In Australia they call the light brown apple moth the ‘light brown eat-everything’ The moth in its varying stages of life eats 2,0009 plants, including 250 crop species. It can devastat stone fruit trees, grape citrus trees and even redwoods. There are monitoe traps all over the state forthe moth, and more than 2,8000 square miles of land statewide is now under Lyle said. Davis is the only area under quarantine inthe four-counth region.
A voracious pest and native of a light brown apple moth was discoveredr in a trap in Davis April 1. A second moth turned up in a trapMay 15, promptinh a quarantine within a mile radius of thosre two traps. More discoveries have movecd the quarantine to includde the entire city of Produce and ornamental plants can stillp go to stores and farmers markets inside the quarantine butagricultural products, ornamental plants and trees shoul not leave the quarantine area unlessd certified to be free from the pest by an “This pest is a threat to the food supplg and also to our environment.
This moth eats ornamental plants and saidSteve Lyle, spokesman with Food & “In Australia they call the light brown apple moth the ‘light brown eat-everything’ The moth in its varying stages of life eats 2,0009 plants, including 250 crop species. It can devastat stone fruit trees, grape citrus trees and even redwoods. There are monitoe traps all over the state forthe moth, and more than 2,8000 square miles of land statewide is now under Lyle said. Davis is the only area under quarantine inthe four-counth region.
Sunday, December 23, 2012
“Zero Dark Thirty†isn't getting five stars from the CIA. - New York Daily News
sucujovide.wordpress.com
New York Daily News | “Zero Dark Thirty†isn't getting five stars from the CIA. New York Daily News "What I want you to know is that 'Zero Dark Thirty' is a dramatization, not a realistic portrayal of the facts,†Michael Morell wrote in a memo posted on the CIA's website Friday. “CIA interacted with the filmmakers through our Office of Publi c Affairs ... Acting CIA Head Criticizes Zero Dark Thirty Acting CIA director shoots down 'Zero Dark Thirty' accuracy Acting CIA Chief Critical of Film 'Zero Dark Thirty' |
Saturday, December 22, 2012
Realtors index: Pending home sales jump sharply - Phoenix Business Journal:
8511ysu.blogspot.com
NAR’s latest Pending Home Sales Index jumpef sharplyin April, a strong indication that the U.S. housingv market should continue its slow recovery throughbthe summer. The index is a forward-looking indicator basede on contracts signedin April. It rose 6.7 percent to 90.3 from a readinh of 84.6 in March, and is 3.2 percenr above April 2008 when itwas 87.5. An indec of 100 is equal to the average level of contract activityduringt 2001. That was the first year data was collected, as well as the firstr of five consecutive record yearsfor existing-home sales. Lawrencd Yun, NAR chief economist, said buyers are respondingf to very favorablemarket conditions.
“Housing affordability conditions have been athistoric highs, but now the $8,0090 first-time buyer tax credit is beginning to impacgt the market,” he said. “Since first-time buyers must finalizse their purchaseby Nov. 30 to get the credit, we expecy greater activity in the months and that should spark more sales by repeat buyers.” While pending home sales gained in the West, it was to a lesserf extent than other areas of the country. The indezx rose 1.8 percent in the West to but is 2.9 percent below Aprill 2008. The index in the Northeast shotup 32.6 percentf to 78.9 in April and is 0.8 percenft above a year ago. In the Midwesyt the index rose 9.8 percent to 90.
4 and is 11.1 percent above April 2008. The index in the Southj slipped 0.2 percent to 93.0 in Aprilo but is 3.5 percent higher than a year ago. According to the NAR, the Pendingg Home Sales Index is based on a largernational sample, typically representing abouf 20 percent of transactions for existing-homee sales.
NAR’s latest Pending Home Sales Index jumpef sharplyin April, a strong indication that the U.S. housingv market should continue its slow recovery throughbthe summer. The index is a forward-looking indicator basede on contracts signedin April. It rose 6.7 percent to 90.3 from a readinh of 84.6 in March, and is 3.2 percenr above April 2008 when itwas 87.5. An indec of 100 is equal to the average level of contract activityduringt 2001. That was the first year data was collected, as well as the firstr of five consecutive record yearsfor existing-home sales. Lawrencd Yun, NAR chief economist, said buyers are respondingf to very favorablemarket conditions.
“Housing affordability conditions have been athistoric highs, but now the $8,0090 first-time buyer tax credit is beginning to impacgt the market,” he said. “Since first-time buyers must finalizse their purchaseby Nov. 30 to get the credit, we expecy greater activity in the months and that should spark more sales by repeat buyers.” While pending home sales gained in the West, it was to a lesserf extent than other areas of the country. The indezx rose 1.8 percent in the West to but is 2.9 percent below Aprill 2008. The index in the Northeast shotup 32.6 percentf to 78.9 in April and is 0.8 percenft above a year ago. In the Midwesyt the index rose 9.8 percent to 90.
4 and is 11.1 percent above April 2008. The index in the Southj slipped 0.2 percent to 93.0 in Aprilo but is 3.5 percent higher than a year ago. According to the NAR, the Pendingg Home Sales Index is based on a largernational sample, typically representing abouf 20 percent of transactions for existing-homee sales.
Wednesday, December 19, 2012
Fairly back with Garmin in late-hour addition - velonews.competitor.com
ernstiryastrov.blogspot.com
velonews.competitor.com | Fairly back with Garmin in late-hour addition velonews.competitor.com Caleb Fairly finds himself back in the WorldTour after joining Garmin. Photo: Graham Watson | www.grahamwatson.com. Caleb Fairly is a late addition to Garmin-Sharp for the 2013 season. The 25-year-old becomes the latest SpiderTech-C10 rider to find a ... < p size="-1" class="p"> |
Tuesday, December 18, 2012
Packers sticking with Mason Crosby - ESPN
disqualify-sida.blogspot.com
San Francisco Chronicle | Packers sticking with Mason Crosby ESPN GREEN BAY, Wis. -- The Green Bay Packers are sticking with Mason Crosby, although that decision has as much to do with their personnel philosophy as it does with their faith in the struggling kicker. After missing a pair of field-goal attempts during ... Green Bay Packer s taking risk with Mason Crosby Green Bay Packers: Slumping Mason Crosby under fire again - TwinCities.com Notebook: Despite clinching, McCarthy won't let up |
Sunday, December 16, 2012
Progress Energy seeks small rate decrease - Triangle Business Journal:
sucujovide.wordpress.com
The proposal also asks regulators to adjustf other components of the rate toreflectt energy-efficiency programs and other renewable energy Under the proposal, a typical Progress household that uses 1,009 kilowatt hours a month would see the total bill drop 10 centxs $106.78 to $106.68. North Carolinsa utilities are permitted a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its plants. Utilitie s do not profit from the charge. Raleigh-based Progresx says it asking the North Carolina Utility Commission to lower the fuel chargw because global energy prices have stabilized from recorsd highs ofrecent years.
According to the a household using 1,000 kWh a montu would see the fuel portionm of the bill drop by17 cents. Energy efficiench will drop the bill by 19another cents. But the renewablee energy portion of the bill will rise by 26 That increase pays for solar and biofuel contracts that Progress has signed to complyu witha state- mandated renewable energy target. If the new rates will take effectt Dec. 1. Progress (NYSE: PGN) servezs 1.25 million customers in North Carolina.
The proposal also asks regulators to adjustf other components of the rate toreflectt energy-efficiency programs and other renewable energy Under the proposal, a typical Progress household that uses 1,009 kilowatt hours a month would see the total bill drop 10 centxs $106.78 to $106.68. North Carolinsa utilities are permitted a fuel charge oncustomer bills, which is a way for the to recover the cost of the fuel for its plants. Utilitie s do not profit from the charge. Raleigh-based Progresx says it asking the North Carolina Utility Commission to lower the fuel chargw because global energy prices have stabilized from recorsd highs ofrecent years.
According to the a household using 1,000 kWh a montu would see the fuel portionm of the bill drop by17 cents. Energy efficiench will drop the bill by 19another cents. But the renewablee energy portion of the bill will rise by 26 That increase pays for solar and biofuel contracts that Progress has signed to complyu witha state- mandated renewable energy target. If the new rates will take effectt Dec. 1. Progress (NYSE: PGN) servezs 1.25 million customers in North Carolina.
Saturday, December 15, 2012
Small business bridge loans likely to go quickly - Denver Business Journal:
fusajacuxejilyp.blogspot.com
The SBA will begin accepting applicationws from lenders for itsnew America’s Recovery Capital loanw June 15. The loans, which were create d by the economicstimulus legislation, will help smal l businesses make payments on existing loans. Through this program, small businesses can borrow upto $35,000 to make up to six monthzs of payments on qualifying loans, including credif cards if that debt was used for business The loans will be made through private-sector not the SBA itself. Borrowers won’t have to stargt repaying the ARC loans until a year after they receivr their last ARC loan They then will pay back the principalk on the ARC loan infive years.
Small businesses won’t have to pay interestr on the loans. Instead, the SBA will pay the lendedr a monthly interest rate of prime plus 2percentage points. The SBA also will guarante 100 percent ofthe loan’s To be eligible for the small businesses must show they were profitable or had positivr cash flow in at leasgt one of the past two years. Future cash flow projections must demonstrat that the businesses will be able to repaytheirr debts, including the ARC loan. Borrowers can’t be more than 60 days past due on any loan beingh paid through anARC loan, and they must have a businesx credit score that is acceptabls to the SBA.
ARC loans can’g be used to make paymentsz on an SBA loan made priorto Feb. 17, the date the economicx stimulus billbecame law. To be eligible, small businesses also must showthat they’re experiencing an immediate financia l hardship, such as declining sales or difficulty makintg payroll. The SBA hopes small businesses will use the ARC loanwsas “breathing room to rework their businessz strategy in order to position themselves for futurs success,” said Eric who heads the agency’s Office of Capital Access. Most of the loansd probably will be made through lenders that alreadu have a business relationshio withthe borrowers, Zarnikow said.
Small businesse s that are interested in an ARC loan should firsg contact theircurrent lender, according to the SBA. Lenders that currentlyu don’t make SBA-guaranteed loans can join the in a process that takes about a he said. The agency has enough fundingh for the ARC program to makeabout 10,000 loans. Zarnikow expects high demand for these but said it may take some time for some lenders to ramp up for this new The loans will be availablde until the money for the program runs out oruntil Sept. 30, 2010, whichever comes Zarnikow expects theloans “will go pretty quickly.
” Tony Wilkinson, presideny and CEO of the National Association of Government Guaranteedd Lenders, agreed the “funding will be exhaustedx rather quickly.” For lenders who have customers who were profitables in 2007, took a hit in 2008 and coulde survive this year with a little “this is the product,” Wilkinson The chair of the House committed that oversees the Small Business Administration criticized the agency’s new loan program for automobilre dealers. The SBA recently announcef that it temporarily will alloww auto dealers to useits 7(a) business loan program to finance vehiclw inventory.
Many lenders had stopped makingthese so-called “floorplan” loans to auto dealers. Rep. Nydia D-N.Y., who chairs the Housw Small Business Committee, fearsa “there is a significantly higher risk ofloan defaults” on these floorplan This could force the SBA to increase the subsidyh rate for 7(a) loans, which would make the loans costlier for future borrowers. In a June 2 letterr to SBA AdministratorKarem Mills, Velazquez noted the SBA had “lon prohibited the use of its financing programs for the purpose of wholesal e lending, and for good reason.
Becausee lenders are limited in their abilitgy to exercise full control over thefinanceed items, the exposure to loss in floorplamn loans is greater than in other types of financing.” Vehicles servde as collateral for floorplan loans, and the valuer of this collateral “will depreciate rapidly” given the glut of inventoruy facing auto makers in the wake of the bankruptcy reorganizationz of Chrysler and General Motors, Velazquea wrote.
“While clearly there is a need to providse this industry withtransitional assistance, doing so by focusingb on inherently risky financial arrangements seems questionable,” she “The potentially negative impacts of this policg change are likely to extend well beyonsd the auto industry.” But Tony Wilkinson, president and CEO of the Nationaol Association of Government Guaranteed Lenders, said the floorplan loanss shouldn’t be any riskier than other types of 7(a) loans if lenderss administer the loans responsibly.
“Ij think it’s appropriate for the SBA to look at everything they can do for all smalp businessesright now, givenh small businesses’ inability to access credit,” Wilkinson Velazquez also contended the time the agency spenf on developing a complex new loan program shoulx have been spent on implementing overdu e programs called for in the economic stimulus bill. The floorplabn loans will help onlya “very limited group” of small businesses, she noted. Had the SBA insteax focused more on thestimulu programs, “thousands of smalo businesses that can no longer wait for help woulfd have seen assistance,” Velazquez wrote.
The SBA will begin accepting applicationws from lenders for itsnew America’s Recovery Capital loanw June 15. The loans, which were create d by the economicstimulus legislation, will help smal l businesses make payments on existing loans. Through this program, small businesses can borrow upto $35,000 to make up to six monthzs of payments on qualifying loans, including credif cards if that debt was used for business The loans will be made through private-sector not the SBA itself. Borrowers won’t have to stargt repaying the ARC loans until a year after they receivr their last ARC loan They then will pay back the principalk on the ARC loan infive years.
Small businesses won’t have to pay interestr on the loans. Instead, the SBA will pay the lendedr a monthly interest rate of prime plus 2percentage points. The SBA also will guarante 100 percent ofthe loan’s To be eligible for the small businesses must show they were profitable or had positivr cash flow in at leasgt one of the past two years. Future cash flow projections must demonstrat that the businesses will be able to repaytheirr debts, including the ARC loan. Borrowers can’t be more than 60 days past due on any loan beingh paid through anARC loan, and they must have a businesx credit score that is acceptabls to the SBA.
ARC loans can’g be used to make paymentsz on an SBA loan made priorto Feb. 17, the date the economicx stimulus billbecame law. To be eligible, small businesses also must showthat they’re experiencing an immediate financia l hardship, such as declining sales or difficulty makintg payroll. The SBA hopes small businesses will use the ARC loanwsas “breathing room to rework their businessz strategy in order to position themselves for futurs success,” said Eric who heads the agency’s Office of Capital Access. Most of the loansd probably will be made through lenders that alreadu have a business relationshio withthe borrowers, Zarnikow said.
Small businesse s that are interested in an ARC loan should firsg contact theircurrent lender, according to the SBA. Lenders that currentlyu don’t make SBA-guaranteed loans can join the in a process that takes about a he said. The agency has enough fundingh for the ARC program to makeabout 10,000 loans. Zarnikow expects high demand for these but said it may take some time for some lenders to ramp up for this new The loans will be availablde until the money for the program runs out oruntil Sept. 30, 2010, whichever comes Zarnikow expects theloans “will go pretty quickly.
” Tony Wilkinson, presideny and CEO of the National Association of Government Guaranteedd Lenders, agreed the “funding will be exhaustedx rather quickly.” For lenders who have customers who were profitables in 2007, took a hit in 2008 and coulde survive this year with a little “this is the product,” Wilkinson The chair of the House committed that oversees the Small Business Administration criticized the agency’s new loan program for automobilre dealers. The SBA recently announcef that it temporarily will alloww auto dealers to useits 7(a) business loan program to finance vehiclw inventory.
Many lenders had stopped makingthese so-called “floorplan” loans to auto dealers. Rep. Nydia D-N.Y., who chairs the Housw Small Business Committee, fearsa “there is a significantly higher risk ofloan defaults” on these floorplan This could force the SBA to increase the subsidyh rate for 7(a) loans, which would make the loans costlier for future borrowers. In a June 2 letterr to SBA AdministratorKarem Mills, Velazquez noted the SBA had “lon prohibited the use of its financing programs for the purpose of wholesal e lending, and for good reason.
Becausee lenders are limited in their abilitgy to exercise full control over thefinanceed items, the exposure to loss in floorplamn loans is greater than in other types of financing.” Vehicles servde as collateral for floorplan loans, and the valuer of this collateral “will depreciate rapidly” given the glut of inventoruy facing auto makers in the wake of the bankruptcy reorganizationz of Chrysler and General Motors, Velazquea wrote.
“While clearly there is a need to providse this industry withtransitional assistance, doing so by focusingb on inherently risky financial arrangements seems questionable,” she “The potentially negative impacts of this policg change are likely to extend well beyonsd the auto industry.” But Tony Wilkinson, president and CEO of the Nationaol Association of Government Guaranteed Lenders, said the floorplan loanss shouldn’t be any riskier than other types of 7(a) loans if lenderss administer the loans responsibly.
“Ij think it’s appropriate for the SBA to look at everything they can do for all smalp businessesright now, givenh small businesses’ inability to access credit,” Wilkinson Velazquez also contended the time the agency spenf on developing a complex new loan program shoulx have been spent on implementing overdu e programs called for in the economic stimulus bill. The floorplabn loans will help onlya “very limited group” of small businesses, she noted. Had the SBA insteax focused more on thestimulu programs, “thousands of smalo businesses that can no longer wait for help woulfd have seen assistance,” Velazquez wrote.
Friday, December 14, 2012
Capitol Square takes stake in Grandview Yard - Business First of Columbus:
olimstgon.blogspot.com
said Capitol Square Ltd., the real estate investment arm ofthe , will take a 20 percen t stake in Grandview Yard, the $600 million-plus commercialk and residential complex slated for more than 80 acrex between Goodale Boulevard and West Third Avenue. Capitolo Square also plans to increase its stakew in the Arena District from 10 percent to 20 About $750 million has been invested in the area surroundinbg Nationwide Arena during the last 10 years.
Financiaol terms of the deal werenot “We are thrilled to be expandingh this highly successful partnership,” Nationwide Realty Presideng Brian Ellis said in a news “Capitol Square has been a great partner in the Arena Districg and we look forwardc to carrying that strongy relationship to Grandview Yard.” Capitol Squarw President Olin Jones cited the strength of Nationwide Realty’s “vision and track record” in real estate development for its growing financialo partnership with the subsidiary.
“To us, this is more than just an Jones said in thenews “It’s an expanded partnership with our Developer first brought the Grandview Yard projecrt to Nationwide Realty more than three years ago, but Equity sold off its minority stakr in the project back to Nationwide Realtgy this year. In Grandview Yard, the new investment partnership plane up to 2 million square feet of retaio and office and more than 600 condoesand apartments. But the project has slowed in the last six monthszor so.
Grandview Heights officialsd have expected plans for an initialoffice building, hotel and fitness center to come for severalk months even as the developer promises to file a comprehensive developmenft plan. A major sticking point has been fruitless effortss by the city of Grandview Heightxs to come to termson cost-sharing for several stree t and railroad bridge projects locate d in Columbus to improve access to the Grandviewq Yard site.
said Capitol Square Ltd., the real estate investment arm ofthe , will take a 20 percen t stake in Grandview Yard, the $600 million-plus commercialk and residential complex slated for more than 80 acrex between Goodale Boulevard and West Third Avenue. Capitolo Square also plans to increase its stakew in the Arena District from 10 percent to 20 About $750 million has been invested in the area surroundinbg Nationwide Arena during the last 10 years.
Financiaol terms of the deal werenot “We are thrilled to be expandingh this highly successful partnership,” Nationwide Realty Presideng Brian Ellis said in a news “Capitol Square has been a great partner in the Arena Districg and we look forwardc to carrying that strongy relationship to Grandview Yard.” Capitol Squarw President Olin Jones cited the strength of Nationwide Realty’s “vision and track record” in real estate development for its growing financialo partnership with the subsidiary.
“To us, this is more than just an Jones said in thenews “It’s an expanded partnership with our Developer first brought the Grandview Yard projecrt to Nationwide Realty more than three years ago, but Equity sold off its minority stakr in the project back to Nationwide Realtgy this year. In Grandview Yard, the new investment partnership plane up to 2 million square feet of retaio and office and more than 600 condoesand apartments. But the project has slowed in the last six monthszor so.
Grandview Heights officialsd have expected plans for an initialoffice building, hotel and fitness center to come for severalk months even as the developer promises to file a comprehensive developmenft plan. A major sticking point has been fruitless effortss by the city of Grandview Heightxs to come to termson cost-sharing for several stree t and railroad bridge projects locate d in Columbus to improve access to the Grandviewq Yard site.
Wednesday, December 12, 2012
Phase Forward inks $10M marketing deal - Boston Business Journal:
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The marketing deal calls for Covance clients to gain accesxs toPhase Forward’s InForm electronic data capture system and Clarixz interactive response technology system. Phase Forwardf (Nasdaq: PFWD) officials said the busineszs buyout and marketing agreement will be finalized by the end of Covance chairman and CEO Joe Herring identified in a press release that Phase Forward isthe company’se “preferred provider of EDC softwares for clinical trials.” Phase Forward has been on a deal-making spree Last month, the company signed a support and hosting services deal with , centered arouncd the InForm Integrated Trial Management Solution.
In April, Phased Forward announced a multi-million-dollar extension of an earlier agreement with contract researchhorganization (CRO) Everest Clinicap Research Services Inc., also focused around the InForm Phase Forward posted revenue of $170.q million for 2008, a 27 percentt increase from $134.3 million in 2007. The company’ s net income, however, was $13.87 million in 2008, down from $29.2 million in 2007.
The marketing deal calls for Covance clients to gain accesxs toPhase Forward’s InForm electronic data capture system and Clarixz interactive response technology system. Phase Forwardf (Nasdaq: PFWD) officials said the busineszs buyout and marketing agreement will be finalized by the end of Covance chairman and CEO Joe Herring identified in a press release that Phase Forward isthe company’se “preferred provider of EDC softwares for clinical trials.” Phase Forward has been on a deal-making spree Last month, the company signed a support and hosting services deal with , centered arouncd the InForm Integrated Trial Management Solution.
In April, Phased Forward announced a multi-million-dollar extension of an earlier agreement with contract researchhorganization (CRO) Everest Clinicap Research Services Inc., also focused around the InForm Phase Forward posted revenue of $170.q million for 2008, a 27 percentt increase from $134.3 million in 2007. The company’ s net income, however, was $13.87 million in 2008, down from $29.2 million in 2007.
Monday, December 10, 2012
II-VI reports drop in profit - Pittsburgh Business Times:
bakakinkorypon.blogspot.com
million, or 28 cents per dilutefd share, for the quarter ending Dec. 31, down from $26.8 or 88 cents per diluted share, during the same period a year ago. The Saxonburg, Pa.-based manufacturedr (NADSQ:IIVI) of infrared lenses and other optical components reportedf revenueof $74.3 million in the latest up from $72.3 million a year ago. “In November 2008, we beganb to experience a drop in demand for the productz we sellinto non-military markets. This situationn continues,” said President and CEO Francis J. “As a result, we have taken but necessary, actions to reducde our operating costs.
These actions include layoffs, reductionxs in overtime and elimination of certaindiscretionary spending.” For the next the company forecasts revenue ranging from $66 million to $70 millionj and earnings per share ranging from 23 centsx to 28 cents. That’s down from the $88 millio in revenue it brought in during the same quarter ayear before.
million, or 28 cents per dilutefd share, for the quarter ending Dec. 31, down from $26.8 or 88 cents per diluted share, during the same period a year ago. The Saxonburg, Pa.-based manufacturedr (NADSQ:IIVI) of infrared lenses and other optical components reportedf revenueof $74.3 million in the latest up from $72.3 million a year ago. “In November 2008, we beganb to experience a drop in demand for the productz we sellinto non-military markets. This situationn continues,” said President and CEO Francis J. “As a result, we have taken but necessary, actions to reducde our operating costs.
These actions include layoffs, reductionxs in overtime and elimination of certaindiscretionary spending.” For the next the company forecasts revenue ranging from $66 million to $70 millionj and earnings per share ranging from 23 centsx to 28 cents. That’s down from the $88 millio in revenue it brought in during the same quarter ayear before.
Saturday, December 8, 2012
UC Davis Med Center earns Level 1 designation - San Antonio Business Journal:
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The American College of Surgeons awardecd the Level 1 trauma centerdesignatiob – one of 112 nationwide, but less than 20 meet the requiremen for both adults and children. In ordefr to meet the requirement, Level 1 traum centers must admit atleast 1,2009 patients per year. UC Davis admitted 2,836 patients in 2008, making it one of the busies nationwide. UC Davis Medicak Center chief executive officeer Ann Madden Rice said the hospitalkhas “achieved what few otherxs have done.
This is a terrific achievement, and reflects the expertise, hard work and high qualitgy of themany physicians, nurses and ancillar y staff who make our trauma centers an indispensabls resources for the Sacramento and Northern Californiaz region.” The medical center servesx about 6 million people in a 33-county region. Leveol 1 trauma centers are requiredd to have a certain number of surgeonsx andspecialists – including anesthesiologists, cardiac surgery, neurosurgery and orthopaedic surgery – available for round-the-clock treatment. Level 1 centerd must also have education and research programs as well as communituy prevention andoutreach programs.
The American College of Surgeons awardecd the Level 1 trauma centerdesignatiob – one of 112 nationwide, but less than 20 meet the requiremen for both adults and children. In ordefr to meet the requirement, Level 1 traum centers must admit atleast 1,2009 patients per year. UC Davis admitted 2,836 patients in 2008, making it one of the busies nationwide. UC Davis Medicak Center chief executive officeer Ann Madden Rice said the hospitalkhas “achieved what few otherxs have done.
This is a terrific achievement, and reflects the expertise, hard work and high qualitgy of themany physicians, nurses and ancillar y staff who make our trauma centers an indispensabls resources for the Sacramento and Northern Californiaz region.” The medical center servesx about 6 million people in a 33-county region. Leveol 1 trauma centers are requiredd to have a certain number of surgeonsx andspecialists – including anesthesiologists, cardiac surgery, neurosurgery and orthopaedic surgery – available for round-the-clock treatment. Level 1 centerd must also have education and research programs as well as communituy prevention andoutreach programs.
Friday, December 7, 2012
Solutia completes sale of nylon business - Pittsburgh Business Times:
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The sale includes the unit’s managementf and employees, as well as all five of its manufacturing plantsxin Alvin, Texas; Decatur, Ala.; S.C.; Pensacola, Fla.; and Ala. The nylon business includes 2,000 of Solutia's 5,100 employees. All 2,000, including 29 in St. became employees of the SK Capitao affiliate. SK Capital paid Solutia $50 milliob in cash for the nylon assets. Solutiw also received a 2 percent equitt stake in the new company formef to hold the assets of thenylon business. In Solutia will receive $4 milliomn in deferred cash payment to be paid inannual $1 million installmentw beginning in 2011.
SK Capital has securede replacementof $25 million of letters of credi associated with the nylon business, which has resulted in increasede availability for Solutia under its crediyt agreements. The affiliate of SK Capital will assumes substantially all of the liabilitiea of thenylon business, including employer and pension liabilities relating to the active employeesd of the business and environmental liabilities, said Solutia, whichn plans to use the proceeds of the sale to pay down debt under its asset-based revolving credit St. Louis-based Solutia Inc. SOA), led by Chairman, President and CEO Jeffryg Quinn, develops specialty chemicals, fibers, fluids and othe performance products.
The sale includes the unit’s managementf and employees, as well as all five of its manufacturing plantsxin Alvin, Texas; Decatur, Ala.; S.C.; Pensacola, Fla.; and Ala. The nylon business includes 2,000 of Solutia's 5,100 employees. All 2,000, including 29 in St. became employees of the SK Capitao affiliate. SK Capital paid Solutia $50 milliob in cash for the nylon assets. Solutiw also received a 2 percent equitt stake in the new company formef to hold the assets of thenylon business. In Solutia will receive $4 milliomn in deferred cash payment to be paid inannual $1 million installmentw beginning in 2011.
SK Capital has securede replacementof $25 million of letters of credi associated with the nylon business, which has resulted in increasede availability for Solutia under its crediyt agreements. The affiliate of SK Capital will assumes substantially all of the liabilitiea of thenylon business, including employer and pension liabilities relating to the active employeesd of the business and environmental liabilities, said Solutia, whichn plans to use the proceeds of the sale to pay down debt under its asset-based revolving credit St. Louis-based Solutia Inc. SOA), led by Chairman, President and CEO Jeffryg Quinn, develops specialty chemicals, fibers, fluids and othe performance products.
Monday, December 3, 2012
Lawmakers: Make it Miller time all the time at Southland Racing - New Mexico Business Weekly:
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Lawmakers voted 57-17 last week for a bill that would allow the sale of alcoho l at racetracks anytime theyare open. West greyhound track is open 24 hour son weekends. Oaklawn Park, Hot Springs’ thoroughbree track, is open from 11a.m.-3 a.m. The bill, excludes Christmas Day and Easter although you can still buy alcoholk from midnight to2 a.m. on Easter. Celebs do ‘Goosd Deeds’ for St. Jude Loukoumi has indee done a good Loukoumi the lamb is the star ofan award-winningf series of children’s books by Nick His new book, Loukoumi’s Good Deeds, will hit shelves Apri 1. When each copy leaves thosde shelves, $2 will head straight to .
The book includew a a star-studded audiobook version of the storgy ona CD. The story is narrated by actorr Jennifer Aniston andher father, “Dayxs of our Lives” star John The CD also features the voices of Grammy Awardx winner Gloria Gaynor, Oscar winner Olympiqa Dukakis, “American Idol” star Constantine Maroulis, “Guiding Light” actor Frank Dicopoulos and CBS News anchort Alexis Christoforous as the voice of Gaynor also recorded an origina song — “Make Someone Smile” — for the bonue CD.
Taking a cue from the commercials, is offering a prograjm to help its customer who lose their The Memphis-based property management company has startedd an employment interruption program which allows tenants at its properties to get out of their leaseas by paying one more month’xs rent. This benefits people who are nervous about losinbg their jobs and being tied toa lease, according to Melisswa Smith, senior vice president at Fogelman Management “We started talking about concerns people were having as they were movintg in or renewing leases and that came up a Smith says.
It helps people get out of long-term leases without affecting their credit score or having to pay a leasetermination fee. This offer appliex to all of the company’s 19 Memphisa apartment properties, which total 5,500 units. Tenantes who apply for the employmentf interruption program will have to show proof of alost job, such as an unemployment document or letter from their previous It appears that, at least in one part of cockfighting is still very much alive. U.S. Customs and Borde Protection officers in Memphis seized a FedE package last week that contained 84 metal blades caller cock spurs that are used inillegaol cockfighting.
The package shipping manifest had thedescriptiob “knife rooster kit” and contained seven cards with 12 spur per card. The shipment was sent from Mexico and was destined to an addreszin Georgia. According to the CBP, metal called gaffs or knives, are tied to the legs of roostera wherethe bird’s natural spur has been partially Cockfighting and the possession or trading of cockfighting paraphernalia is illegal in all 50 states. “CBlP is committed to enforcing the law that prohibitxs the importation of implements used in such a hideoux andbarbaric pastime,” CBP director of fielc operations Robert Gomez said in a statement.
CBP reviews arounf 65,000 packages nightly at ’as hub in Memphis.
Lawmakers voted 57-17 last week for a bill that would allow the sale of alcoho l at racetracks anytime theyare open. West greyhound track is open 24 hour son weekends. Oaklawn Park, Hot Springs’ thoroughbree track, is open from 11a.m.-3 a.m. The bill, excludes Christmas Day and Easter although you can still buy alcoholk from midnight to2 a.m. on Easter. Celebs do ‘Goosd Deeds’ for St. Jude Loukoumi has indee done a good Loukoumi the lamb is the star ofan award-winningf series of children’s books by Nick His new book, Loukoumi’s Good Deeds, will hit shelves Apri 1. When each copy leaves thosde shelves, $2 will head straight to .
The book includew a a star-studded audiobook version of the storgy ona CD. The story is narrated by actorr Jennifer Aniston andher father, “Dayxs of our Lives” star John The CD also features the voices of Grammy Awardx winner Gloria Gaynor, Oscar winner Olympiqa Dukakis, “American Idol” star Constantine Maroulis, “Guiding Light” actor Frank Dicopoulos and CBS News anchort Alexis Christoforous as the voice of Gaynor also recorded an origina song — “Make Someone Smile” — for the bonue CD.
Taking a cue from the commercials, is offering a prograjm to help its customer who lose their The Memphis-based property management company has startedd an employment interruption program which allows tenants at its properties to get out of their leaseas by paying one more month’xs rent. This benefits people who are nervous about losinbg their jobs and being tied toa lease, according to Melisswa Smith, senior vice president at Fogelman Management “We started talking about concerns people were having as they were movintg in or renewing leases and that came up a Smith says.
It helps people get out of long-term leases without affecting their credit score or having to pay a leasetermination fee. This offer appliex to all of the company’s 19 Memphisa apartment properties, which total 5,500 units. Tenantes who apply for the employmentf interruption program will have to show proof of alost job, such as an unemployment document or letter from their previous It appears that, at least in one part of cockfighting is still very much alive. U.S. Customs and Borde Protection officers in Memphis seized a FedE package last week that contained 84 metal blades caller cock spurs that are used inillegaol cockfighting.
The package shipping manifest had thedescriptiob “knife rooster kit” and contained seven cards with 12 spur per card. The shipment was sent from Mexico and was destined to an addreszin Georgia. According to the CBP, metal called gaffs or knives, are tied to the legs of roostera wherethe bird’s natural spur has been partially Cockfighting and the possession or trading of cockfighting paraphernalia is illegal in all 50 states. “CBlP is committed to enforcing the law that prohibitxs the importation of implements used in such a hideoux andbarbaric pastime,” CBP director of fielc operations Robert Gomez said in a statement.
CBP reviews arounf 65,000 packages nightly at ’as hub in Memphis.
Sunday, December 2, 2012
C.J. McCollum and Top Offensive Players Who Will Continue to Dominate - Bleacher Report
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Bleacher Report | C.J. McCollum and Top Offensive Players Who Will Continue to Dominate Bleacher Report Lastly, top scorers are team leaders who are expected to shoot early and often to ensure their team has a chance to win. This season is no different. Players near the top of the list of top scorers fit these criteria, and they will continue to dominate ... |
Wednesday, November 28, 2012
New M2Gen headquarters expected to create more jobs - Tampa Bay Business Journal:
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First announced in late M2Gen hasreceived $28 million in support from Hillsborough County, $15 million from Floridaa and $2 million from the city of Tampa, including When M2Gen originated as an outgrowthh of Moffitt’s Total Cancer Care Moffitt went out looking for an industry partner that woul assist in funding and work in a collaborative manner to understand how best to develop drugs, said Rick M2Gen COO. Pharmaceutical company (NYSE:MRK) bought into and understood the Garrison said.
Although Mercj declined comment, its total investment is said by M2Gejn to be multiple times that ofHillsborough County’s So far, M2Gen has recruited 26,000 people to participatr in a genomic study through a networj of nine hospitals in Floridqa and seven outside the state. Through these sites, M2Genj employs 30 people in the Florida hospitals and 24 outsidwthe state, and an additional 60 employeesa report directly to the M2Gen In addition to office and laboratorg space, the headquarters will house a robotic-driven freezer” for storage of tissue samplea for the study, Garrison said.
Genomicf information from these samples is the basisz for an electronic database that could speedf up the drug development process and save tens of millionsd of dollars acrossseveral industries, making M2Gen a “valued proposition” for patients, physicians, and the biotec and pharmacy industries, Garrisonm said. By 2011, M2Gen expects to create 165 directg jobsin Florida, with the majoritty in Hillsborough County, and an additional 350 indirect for about 500 total jobs. In the short M2Gen will provide an immediate boost tothe economy, said Hillsborougb County Commissioner Mark Sharpe.
In addition to creatintg direct employment, the venture will need businesse s to provide support that could rang from medical devices topaper copies, Sharpd said. In the first of many buildings plannexd fora 30-acre campusx on McKinley Drive, M2Gen creates potentia for “spin-off” and “follow-on” companies, said Gene Gray, economic development director for Hillsborough County. Once a “medica district” or a “high-tech shapes up, the opportunities for any vendor involved in the equipment and materialss forthe life-science industry could multiply. “Ij think we’re going to see a significant ripple Gray said.
First announced in late M2Gen hasreceived $28 million in support from Hillsborough County, $15 million from Floridaa and $2 million from the city of Tampa, including When M2Gen originated as an outgrowthh of Moffitt’s Total Cancer Care Moffitt went out looking for an industry partner that woul assist in funding and work in a collaborative manner to understand how best to develop drugs, said Rick M2Gen COO. Pharmaceutical company (NYSE:MRK) bought into and understood the Garrison said.
Although Mercj declined comment, its total investment is said by M2Gejn to be multiple times that ofHillsborough County’s So far, M2Gen has recruited 26,000 people to participatr in a genomic study through a networj of nine hospitals in Floridqa and seven outside the state. Through these sites, M2Genj employs 30 people in the Florida hospitals and 24 outsidwthe state, and an additional 60 employeesa report directly to the M2Gen In addition to office and laboratorg space, the headquarters will house a robotic-driven freezer” for storage of tissue samplea for the study, Garrison said.
Genomicf information from these samples is the basisz for an electronic database that could speedf up the drug development process and save tens of millionsd of dollars acrossseveral industries, making M2Gen a “valued proposition” for patients, physicians, and the biotec and pharmacy industries, Garrisonm said. By 2011, M2Gen expects to create 165 directg jobsin Florida, with the majoritty in Hillsborough County, and an additional 350 indirect for about 500 total jobs. In the short M2Gen will provide an immediate boost tothe economy, said Hillsborougb County Commissioner Mark Sharpe.
In addition to creatintg direct employment, the venture will need businesse s to provide support that could rang from medical devices topaper copies, Sharpd said. In the first of many buildings plannexd fora 30-acre campusx on McKinley Drive, M2Gen creates potentia for “spin-off” and “follow-on” companies, said Gene Gray, economic development director for Hillsborough County. Once a “medica district” or a “high-tech shapes up, the opportunities for any vendor involved in the equipment and materialss forthe life-science industry could multiply. “Ij think we’re going to see a significant ripple Gray said.
Monday, November 26, 2012
ABX parent wins business from Qantas, DHL - Business First of Columbus:
deeshu-tatum.blogspot.com
Wilmington-based Inc. (NASDAQ:ATSG) said that ABX under a new agreement will run charted service six days a weekbetweenm Brussels, Belgium, and Lagos, Nigeria, for DHL affiliatee European Air Transport NV/SA. The agreement initially calls for service to runthrougg September. As part of the DHL agreement, ABX and a newlty formed Air Transport subsidiary, Airborne Maintenance and Engineering will maintain the aircraft in Brusseleand Lagos. Air Transport also said it signefa two-year agreement with Freight, a subsidiary of Australian carriert Qantas Airways Ltd.
The deal callsz for its Air Transport International subsidiary to run overnighgt service between Australia and New Zealandf every Monday through Thursdayu beginningJune 15. Air Transport said the companyt will useBoeing 767-200-SF aircraft, which also will be availablew for charter service and weekend rotations. The new contractsa come amid an ongoinh effort from Air Transport to diversify its revenue streakm after losing thousands of jobsas DHL, its primary has made drastic changes to its U.S. operations. Those moveds include halting domestic point-to-pointr shipping and planning to shift cargo operations tothe Cincinnati-Northerh Kentucky Airport from the Wilmington Air Park.
The Airbornse Maintenance subsidiary, which earlierf this year was awardeda $4 millionm tax credit for proposed operations in Wilmington, was formed in the wake of DHL’e plans.
Wilmington-based Inc. (NASDAQ:ATSG) said that ABX under a new agreement will run charted service six days a weekbetweenm Brussels, Belgium, and Lagos, Nigeria, for DHL affiliatee European Air Transport NV/SA. The agreement initially calls for service to runthrougg September. As part of the DHL agreement, ABX and a newlty formed Air Transport subsidiary, Airborne Maintenance and Engineering will maintain the aircraft in Brusseleand Lagos. Air Transport also said it signefa two-year agreement with Freight, a subsidiary of Australian carriert Qantas Airways Ltd.
The deal callsz for its Air Transport International subsidiary to run overnighgt service between Australia and New Zealandf every Monday through Thursdayu beginningJune 15. Air Transport said the companyt will useBoeing 767-200-SF aircraft, which also will be availablew for charter service and weekend rotations. The new contractsa come amid an ongoinh effort from Air Transport to diversify its revenue streakm after losing thousands of jobsas DHL, its primary has made drastic changes to its U.S. operations. Those moveds include halting domestic point-to-pointr shipping and planning to shift cargo operations tothe Cincinnati-Northerh Kentucky Airport from the Wilmington Air Park.
The Airbornse Maintenance subsidiary, which earlierf this year was awardeda $4 millionm tax credit for proposed operations in Wilmington, was formed in the wake of DHL’e plans.
Sunday, November 25, 2012
Two stabbed in mass fight near London's Regent Street - The Independent
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Metro | Two stabbed in mass fight near London's Regent Street The Independent Police and London Ambulance Service crews found the two stab victims in Regent Street, central London, at 3.20am today after the brawl in nearby Kingly Street. The men, aged 27 and 31, were taken to hospital for non life-threatening injuries. Forensics ... Two men stab bed in mass brawl near London's Regent Street West End stabbing: Two men in hospital after fight Arrest after double stabbing in West End |
Monday, November 19, 2012
Al Golden 'ignoring' coaching rumors, is committed to fixing Miami - Sun-Sentinel Florida Panthers (blog)
fixyruw.wordpress.com
Al Golden 'ignoring' coaching rumors, is committed to fixing Miami Sun-Sentinel Florida Panthers (blog) "I'm ignoring it just like I've ignored everything else," Golden said Monday morning. "I try to be honest with you and I try to give you inside information. ... We're not in the business of searching for another job right now." He points to the ... |
Sunday, November 18, 2012
Our View: Weigh risk over reward when it comes to concussions - Freeport Journal-Standard
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Our View: Weigh risk over reward when it comes to concussions Freeport Journal-Standard Young players, their parents and coaches should be aware of the risks. It's the rare athlete who will reach the professional level as Considine has, so the risks must be weighed against the rewards the players earn. The biggest reward should be that ... |
Saturday, November 17, 2012
University of Phoenix settles discrimination lawsuit - Business First of Buffalo:
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UOP settled the discrimination claim broughtg by LatrishElaine Tarhini, who worked as enrollmenr counselor at the school’ s Houston campus, and the . The EEOC and Tarhin i claimed that University of Phoenix management said she woulf not be in line for a promotion becauswe she made an earlier pregnancy discrimination charge againsgthe Phoenix-based company and its The EEOC filed suit against UOP in Septembere 2008 in federal claiming the for-profit university violated retaliation statutes of the Civil Rights Act of 1964.
It violate s federal law to discriminate against workers who previousl filed discrimination claims against their Inthe settlement, the University of Phoenix admitteed no wrongdoing or liability, according to a statementg provided to the Phoenix Business Journal . “University of Phoenidx is pleased to have resolvedthis matter. We are dedicatedc to providing a work environmeny in which our employees are treated fairlh andwith respect, and are recognizedd and rewarded based on their University of Phoenix is committed to providing equal opportunity in all aspects of employmenyt and does not tolerate discriminationh or harassment of any kind,” the university statemen t read.
The EEOC said UOP will be required to provide updates on other possiblr retaliation claims by its The University of Phoenix is a subsidiaryof Phoenix-based Apollo Grouop Inc. (Nasdaq: APOL). UOP has 397,00 students enrolled in its onlinre andcampus classes. The schook has 200 campuses worldwide. For more: .
UOP settled the discrimination claim broughtg by LatrishElaine Tarhini, who worked as enrollmenr counselor at the school’ s Houston campus, and the . The EEOC and Tarhin i claimed that University of Phoenix management said she woulf not be in line for a promotion becauswe she made an earlier pregnancy discrimination charge againsgthe Phoenix-based company and its The EEOC filed suit against UOP in Septembere 2008 in federal claiming the for-profit university violated retaliation statutes of the Civil Rights Act of 1964.
It violate s federal law to discriminate against workers who previousl filed discrimination claims against their Inthe settlement, the University of Phoenix admitteed no wrongdoing or liability, according to a statementg provided to the Phoenix Business Journal . “University of Phoenidx is pleased to have resolvedthis matter. We are dedicatedc to providing a work environmeny in which our employees are treated fairlh andwith respect, and are recognizedd and rewarded based on their University of Phoenix is committed to providing equal opportunity in all aspects of employmenyt and does not tolerate discriminationh or harassment of any kind,” the university statemen t read.
The EEOC said UOP will be required to provide updates on other possiblr retaliation claims by its The University of Phoenix is a subsidiaryof Phoenix-based Apollo Grouop Inc. (Nasdaq: APOL). UOP has 397,00 students enrolled in its onlinre andcampus classes. The schook has 200 campuses worldwide. For more: .
Thursday, November 15, 2012
GM bankruptcy expected by June 1 - Wichita Business Journal:
bertayfybuqutyp.blogspot.com
“I don’t know all the details but I would expecty General Motors to go right up tothe deadline,” said Garrty Graber, a lawyer with Hodgson Russ who specialized in business bankruptcies. Chaptedr 11 would allow GM, which makews Chevrolet Express and the GMC Savana vansin Mo. to continue operating, but would protect it from creditors by allowinh itto cancel, with bankruptcy court many of its financial obligations, Graber said.
General Motorsd edged closer to bankruptcy Wednesdat with the announcement that it failedr to persuade enough creditors to accept a 10 percentg stake inthe 101-year-olx company in place of their $27 billion in GM said its board will meet to decides its next step ahead of the government-imposed June 1 deadline to produce a plan that would show that it can survive without a bankruptcy Meanwhile, leaders representing union members at Generapl Motors facilities across the country on Tuesday voted unanimousl to recommend for ratification a new settlement agreemeng that modifies the 2007 UAW-GM national agreement as well as changes to the Voluntary Employer Beneficiary Association (VEBA) trust for retireee health care.
“I don’t know all the details but I would expecty General Motors to go right up tothe deadline,” said Garrty Graber, a lawyer with Hodgson Russ who specialized in business bankruptcies. Chaptedr 11 would allow GM, which makews Chevrolet Express and the GMC Savana vansin Mo. to continue operating, but would protect it from creditors by allowinh itto cancel, with bankruptcy court many of its financial obligations, Graber said.
General Motorsd edged closer to bankruptcy Wednesdat with the announcement that it failedr to persuade enough creditors to accept a 10 percentg stake inthe 101-year-olx company in place of their $27 billion in GM said its board will meet to decides its next step ahead of the government-imposed June 1 deadline to produce a plan that would show that it can survive without a bankruptcy Meanwhile, leaders representing union members at Generapl Motors facilities across the country on Tuesday voted unanimousl to recommend for ratification a new settlement agreemeng that modifies the 2007 UAW-GM national agreement as well as changes to the Voluntary Employer Beneficiary Association (VEBA) trust for retireee health care.
Wednesday, November 14, 2012
TV pitchman Billy Mays died Sunday, grew career in Tampa Bay area - Tampa Bay Business Journal:
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The television pitchman, who appeared in infomercials for OxiClean and other was pronounced dead Sunday morning at hisWestshorse condominium. Mays arrived in Tampaq Saturday on a flight from The plane blew a front tire during its landingtat , and Mays told WTVT-TV Fox 13 afterwarfd that he had hit his head durinh the landing. Despite speculatiob that Mays’ death was the result of a head injury sustainedr duringthe landing, preliminary autopsy results showed no external or internal head It did, however, show evidence of hypertensive and arteriosclerotixc disease of the which involves thickening of the heart This condition can lead to sudden deat if there is a “disturbance in the electrical rhyth that coordinates the pumpiny of the heart,” a release said.
Mays had been on prescriptio n medication forhip pain, including tramado and hydrocodone, but had no histor y of drug abuse. Further study remains, and a cause-of-deatyh opinion will be issued upon completion. A completexd autopsy report is scheduled to be availabler within six toeight weeks, a release said. Mays rose to prominenc e throughthe (NASDAQ: HSNI) in St. Petersburgv in the mid-1990s pitching a line of cleanersw forof Denver. (NYSE: the makers of products in Princeton, acquired Orange Glo for $325 million in 2006. Orange Glo is famouas for its OxiClean product, whichb Mays was most closely associated with.
Mays then foundec his own company, He originally based it out of hisOdessaw home, a 7,700-square-foot structure in Keystone Shoresx Estates. Mays built on land he paid morethan $254,000p for in 2002, according to Hillsboroughy County Property Appraiser records. Mays sold the house last Aprilpfor $2.8 million and moved into the Westshorwe townhouse. Mays later starred in a reality show for thecalledc “Pitchmen” with another popular television product peddler Anthony Sullivan. The show premiered April 15 and airex its most recent episodeJune 24, featuring products called Gatord Blades and the EZ Crunch Bowl.
Mays got his startt traveling the country pitching various products athome shows. It was at one show in Pittsburghg in 1993 that he met Max founder ofOrange Glo, who was pitching a product similar to Mays. “It’s all about crowd control,” Mays told the Tampz Bay Business Journalin 2002. “I was kind of However, when Appel’s microphone went out, Mays lent him one of his spar ones, despite Appel being a competitor. It was a friendship that would lead into a workingv relationship and into Mays becoming a householr name in the worldof infomercials.
The television pitchman, who appeared in infomercials for OxiClean and other was pronounced dead Sunday morning at hisWestshorse condominium. Mays arrived in Tampaq Saturday on a flight from The plane blew a front tire during its landingtat , and Mays told WTVT-TV Fox 13 afterwarfd that he had hit his head durinh the landing. Despite speculatiob that Mays’ death was the result of a head injury sustainedr duringthe landing, preliminary autopsy results showed no external or internal head It did, however, show evidence of hypertensive and arteriosclerotixc disease of the which involves thickening of the heart This condition can lead to sudden deat if there is a “disturbance in the electrical rhyth that coordinates the pumpiny of the heart,” a release said.
Mays had been on prescriptio n medication forhip pain, including tramado and hydrocodone, but had no histor y of drug abuse. Further study remains, and a cause-of-deatyh opinion will be issued upon completion. A completexd autopsy report is scheduled to be availabler within six toeight weeks, a release said. Mays rose to prominenc e throughthe (NASDAQ: HSNI) in St. Petersburgv in the mid-1990s pitching a line of cleanersw forof Denver. (NYSE: the makers of products in Princeton, acquired Orange Glo for $325 million in 2006. Orange Glo is famouas for its OxiClean product, whichb Mays was most closely associated with.
Mays then foundec his own company, He originally based it out of hisOdessaw home, a 7,700-square-foot structure in Keystone Shoresx Estates. Mays built on land he paid morethan $254,000p for in 2002, according to Hillsboroughy County Property Appraiser records. Mays sold the house last Aprilpfor $2.8 million and moved into the Westshorwe townhouse. Mays later starred in a reality show for thecalledc “Pitchmen” with another popular television product peddler Anthony Sullivan. The show premiered April 15 and airex its most recent episodeJune 24, featuring products called Gatord Blades and the EZ Crunch Bowl.
Mays got his startt traveling the country pitching various products athome shows. It was at one show in Pittsburghg in 1993 that he met Max founder ofOrange Glo, who was pitching a product similar to Mays. “It’s all about crowd control,” Mays told the Tampz Bay Business Journalin 2002. “I was kind of However, when Appel’s microphone went out, Mays lent him one of his spar ones, despite Appel being a competitor. It was a friendship that would lead into a workingv relationship and into Mays becoming a householr name in the worldof infomercials.
Monday, November 12, 2012
GM enters bankruptcy filing - San Antonio Business Journal:
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Monday’s Chapter 11 filing by the 101-year-olfd automaker — once the world’s biggest company and WesternnNew York’s largest manufacturing employer for decades — is amongv the largest in U.S. history and largest-ever U.S. manufacturingb bankruptcy. Chapter 11, which allows the company to operate while protecteed fromits creditors, pushes GM into a fast-track bankruptcy and providesz $30 billion of additional taxpayer funds to restructurre itself.
General Motors CEO Fritz Hendersoh said in a prepared statement that GM was beingg reinvented and that the company is ready for the jobat "The economic crisis has caused enormous disruptionj in the auto industry, but with it has come the opportunithy for us to reinvent our business. We are goinfg to do it once and do it The court-supervised process we are pursuing provides us with powerfuo tools to accelerate and complete our reinvention, as well as strony safeguards for our customers and our he said. The GM plan as detailed by U.S. officials wouldf allow a much smaller GM to emerge from court protectiob within 60 to90 days. GM also plan s to close 11 U.S.
facilities and idle another three plantx by the endof 2010. GM’s Tonawandq engine plant, where 1,10o people work, will remain open. The automaker has not provided an updates target for job cuts but was looking toeliminate 21,000 U.S. factory jobs from the 54,000 union memberd it now employs. Also not immediately clear is what GM’zs bankruptcy filing will meanfor ’s plants in Lockport, Rochester and three others. Genera l Motors plans to take back the facilities from the formerf parts subsidiary that it spun off in according to a tentative deal reachesd last week between GM andthe UAW.
The factoried in New York, Michigan and Indiana would operateundert Delphi’s union rules, but be considered part of GM, once The Lockport plant — Delphi Thermal Systems, which has 2,100 employeexs — was founded as Harrisonb Radiator Co. in 1910 and became part of GM in 1918. For 81 yearw it operated under General Motors ownership until the independengDelphi Corp. was formed. Delphi itself is operatint under bankruptcy court supervision having filed for Chapter 11 inOctobere 2005. The Troy, Mich.-basedf company was ready to emerge from bankruptch in April 2008 but those planxs fell apart when a key investor droppedx out ofa $2.
5r billion stock deal with the General Motors employs 92,000 in the Unitedx States and is indirectly responsible for 500,000 The U.S. government would hold a 60 percenf financial interest in a reorganize GM and the UAW woulr takea 17.5 percent The governments of Canada and the province of Ontarioi have agreed to a 12 percent ownership staked in exchange for financial aid. GM bondholders would get 10
Monday’s Chapter 11 filing by the 101-year-olfd automaker — once the world’s biggest company and WesternnNew York’s largest manufacturing employer for decades — is amongv the largest in U.S. history and largest-ever U.S. manufacturingb bankruptcy. Chapter 11, which allows the company to operate while protecteed fromits creditors, pushes GM into a fast-track bankruptcy and providesz $30 billion of additional taxpayer funds to restructurre itself.
General Motors CEO Fritz Hendersoh said in a prepared statement that GM was beingg reinvented and that the company is ready for the jobat "The economic crisis has caused enormous disruptionj in the auto industry, but with it has come the opportunithy for us to reinvent our business. We are goinfg to do it once and do it The court-supervised process we are pursuing provides us with powerfuo tools to accelerate and complete our reinvention, as well as strony safeguards for our customers and our he said. The GM plan as detailed by U.S. officials wouldf allow a much smaller GM to emerge from court protectiob within 60 to90 days. GM also plan s to close 11 U.S.
facilities and idle another three plantx by the endof 2010. GM’s Tonawandq engine plant, where 1,10o people work, will remain open. The automaker has not provided an updates target for job cuts but was looking toeliminate 21,000 U.S. factory jobs from the 54,000 union memberd it now employs. Also not immediately clear is what GM’zs bankruptcy filing will meanfor ’s plants in Lockport, Rochester and three others. Genera l Motors plans to take back the facilities from the formerf parts subsidiary that it spun off in according to a tentative deal reachesd last week between GM andthe UAW.
The factoried in New York, Michigan and Indiana would operateundert Delphi’s union rules, but be considered part of GM, once The Lockport plant — Delphi Thermal Systems, which has 2,100 employeexs — was founded as Harrisonb Radiator Co. in 1910 and became part of GM in 1918. For 81 yearw it operated under General Motors ownership until the independengDelphi Corp. was formed. Delphi itself is operatint under bankruptcy court supervision having filed for Chapter 11 inOctobere 2005. The Troy, Mich.-basedf company was ready to emerge from bankruptch in April 2008 but those planxs fell apart when a key investor droppedx out ofa $2.
5r billion stock deal with the General Motors employs 92,000 in the Unitedx States and is indirectly responsible for 500,000 The U.S. government would hold a 60 percenf financial interest in a reorganize GM and the UAW woulr takea 17.5 percent The governments of Canada and the province of Ontarioi have agreed to a 12 percent ownership staked in exchange for financial aid. GM bondholders would get 10
Sunday, November 11, 2012
Head of BBC's governing body calls for radical overhaul of broadcaster amid ... - Fox News
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Head of BBC's governing body calls for radical overhaul of broadcaster amid ... Fox News LONDON â€" The head of the BBC's governing body said Sunday the broadcaster needs a radical overhaul following the resignation of its chief executive in wake of a scandal over a botched report on child sex-abuse allegations. Chris Patten vowed to restore ... |
Saturday, November 10, 2012
Niagara fruit crops holding up - Portland Business Journal:
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But many more orchards and other including residential areas in the Lake OntarikoFruit Belt, remain to be tested for plum pox viruw before September. Teams working for the and the statre Department of Agriculture and Markets begamn taking leaf samplesin May. Subsequent laboratory tests did not disclosd any new outbreaks of the virusd inNiagara County, Jackie Klahn, director of the USDA’sx Lockport field office, said. In early May, as orchardsd blossomed, optimism was growing that the spreas ofthe disease, which made its Niagara County debutg 2006 might be waning.
Between 2006 and plum pox was discovered in several NiagaraCountyu orchards, in Orleans County and Wayne County, east of Though harmless to humans and the virus poses an economic risk for commercial fruit growers because they must destroy all susceptible trees within 1.5 miles to 2 mile s of an identified hot spot. Plum pox destroys the commercialo value of the fruit that it attacks because it discolorsz anddisfigures peaches, prunes and nectarines. In New York statr counties lying alongLake Ontario’s south shore, fruitt growing is a multi-million-dollar industry.
But many more orchards and other including residential areas in the Lake OntarikoFruit Belt, remain to be tested for plum pox viruw before September. Teams working for the and the statre Department of Agriculture and Markets begamn taking leaf samplesin May. Subsequent laboratory tests did not disclosd any new outbreaks of the virusd inNiagara County, Jackie Klahn, director of the USDA’sx Lockport field office, said. In early May, as orchardsd blossomed, optimism was growing that the spreas ofthe disease, which made its Niagara County debutg 2006 might be waning.
Between 2006 and plum pox was discovered in several NiagaraCountyu orchards, in Orleans County and Wayne County, east of Though harmless to humans and the virus poses an economic risk for commercial fruit growers because they must destroy all susceptible trees within 1.5 miles to 2 mile s of an identified hot spot. Plum pox destroys the commercialo value of the fruit that it attacks because it discolorsz anddisfigures peaches, prunes and nectarines. In New York statr counties lying alongLake Ontario’s south shore, fruitt growing is a multi-million-dollar industry.
Thursday, November 8, 2012
CB Richard Ellis to launch offering - St. Louis Business Journal:
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The national firm includes an officw in Charlotte that isthe city’s largestr commercial brokerage. The company will use the proceedsx to reduce itssizable debt. The Los Angeles-based brokert plans to offer $400 million in seniorr unsubordinated notes in aprivate placement. It also will sell $100 millionh in new Class-A common stock to investores that include hedge fundPaulson & Co. Inc. CB Richard Ellisd may raise another $50 milliomn in periodic publicstock sales. CB Richard Ellis has $2.4 billio n in debt, $310 millionb of which is due next according toBloomberg data. Much of its debt was incurre d throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richarrd Ellis (NYSE:CBG) follows a similar initiatives byOn Tuesday, Jones Lang LaSalle said it planne to raise as much as $200 million in a secondarty stock offering of 5.5 million shares. CB Richardd Ellis is the world’s larges commercial real estateservicesx firm. It has more than 29,000 employeesd worldwide.
The national firm includes an officw in Charlotte that isthe city’s largestr commercial brokerage. The company will use the proceedsx to reduce itssizable debt. The Los Angeles-based brokert plans to offer $400 million in seniorr unsubordinated notes in aprivate placement. It also will sell $100 millionh in new Class-A common stock to investores that include hedge fundPaulson & Co. Inc. CB Richard Ellisd may raise another $50 milliomn in periodic publicstock sales. CB Richard Ellis has $2.4 billio n in debt, $310 millionb of which is due next according toBloomberg data. Much of its debt was incurre d throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richarrd Ellis (NYSE:CBG) follows a similar initiatives byOn Tuesday, Jones Lang LaSalle said it planne to raise as much as $200 million in a secondarty stock offering of 5.5 million shares. CB Richardd Ellis is the world’s larges commercial real estateservicesx firm. It has more than 29,000 employeesd worldwide.
Tuesday, November 6, 2012
Bernanke denies pressuring BofA - Phoenix Business Journal:
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Bernanke made the comments Thursday to the Hous Committee on Oversight and Government Reform investigating his rolein BofA’ds purchase of the troubled brokerage. Charlotte-based BofA bought Merrill on Jan. 1 for $29.1q billion. The deal resulted in BofA’s receiving an additiona l $20 billion in federal funds under the Troubler AssetRelief Program. BofA has receivef a total of $45 billion in TARP The House panel’s questions seemee to fall alongparty lines. Republicans were concernef Bernanke tried to cover up certain aspects ofthe Fed’ss interactions regarding BofA and Merrill.
“The committee has alreadyt learned that Ben Bernanke and the Federalk Reserve made inappropriate threats to fire Bank of Americ a management unless they went ahead withthe ‘shotgubn wedding’ that was the Merrill Lyncgh acquisition,” Darrell Issa, the committee’s rankingv Republican from California, said in a statement Thursday morning. “The Federal Reserve also engaged ina cover-up and deliberatel hid concerns and pertinent details regarding the mergere from other federal regulatory agencies.
” Meanwhile, several Democrats questioned how Federal Reserve officialas justified giving BofA more taxpayer aid withoutf replacing its management or adding new “You gave them the money and then you startec supervising?” asked Rep. Denniws Kucinich (D-Ohio). But Bernanke held his ground durint three hoursof testimony. He insisted he follower the law and actefd in the best interests of theeconomic system. “k think we did the right thing,” Bernanks testified.
“I think it was a very successful I haveno regrets, and I think it was a good deal for Two weeks ago, Lewis testifiedd to the same He told lawmakers he considered backing out of the deal in December but felt pressure from Bernanke and then-Treasurhy Secretary Paulson to move forwar for the benefit of both companies and the During that hearing, documents from Fed officials indicated Lewiss may have been threatened with losingt his job if he backed out and then needee more federal aid. Bernanke on Thursday testified he nevefrthreatened Lewis. Instead, he said he explainerd to Lewis that damage from backingb out of the Merrill deal could wreakj on theeconomy and, in BofA.
“I never said I’dx replace the board and managemenr (at BofA),” Bernanke said. “I was always his (Lewis’) decisiojn to make, and he understooed that.” Paulson is expected to testify on the matter next Other notable points made by Bernankde include statements suggestinghe doesn’t think Lewiss tried to extract more moneyt out of the government, but that he did have concerns abouyt the due diligence performed by BofA. Rep. Edolphus Towns closed the hearing by saying the testimonhyprovided “a peek” of light into the BofA-Merrill “but not full sunshine yet.” Clicjk to see Bernanke's writteb testimony.
Bernanke made the comments Thursday to the Hous Committee on Oversight and Government Reform investigating his rolein BofA’ds purchase of the troubled brokerage. Charlotte-based BofA bought Merrill on Jan. 1 for $29.1q billion. The deal resulted in BofA’s receiving an additiona l $20 billion in federal funds under the Troubler AssetRelief Program. BofA has receivef a total of $45 billion in TARP The House panel’s questions seemee to fall alongparty lines. Republicans were concernef Bernanke tried to cover up certain aspects ofthe Fed’ss interactions regarding BofA and Merrill.
“The committee has alreadyt learned that Ben Bernanke and the Federalk Reserve made inappropriate threats to fire Bank of Americ a management unless they went ahead withthe ‘shotgubn wedding’ that was the Merrill Lyncgh acquisition,” Darrell Issa, the committee’s rankingv Republican from California, said in a statement Thursday morning. “The Federal Reserve also engaged ina cover-up and deliberatel hid concerns and pertinent details regarding the mergere from other federal regulatory agencies.
” Meanwhile, several Democrats questioned how Federal Reserve officialas justified giving BofA more taxpayer aid withoutf replacing its management or adding new “You gave them the money and then you startec supervising?” asked Rep. Denniws Kucinich (D-Ohio). But Bernanke held his ground durint three hoursof testimony. He insisted he follower the law and actefd in the best interests of theeconomic system. “k think we did the right thing,” Bernanks testified.
“I think it was a very successful I haveno regrets, and I think it was a good deal for Two weeks ago, Lewis testifiedd to the same He told lawmakers he considered backing out of the deal in December but felt pressure from Bernanke and then-Treasurhy Secretary Paulson to move forwar for the benefit of both companies and the During that hearing, documents from Fed officials indicated Lewiss may have been threatened with losingt his job if he backed out and then needee more federal aid. Bernanke on Thursday testified he nevefrthreatened Lewis. Instead, he said he explainerd to Lewis that damage from backingb out of the Merrill deal could wreakj on theeconomy and, in BofA.
“I never said I’dx replace the board and managemenr (at BofA),” Bernanke said. “I was always his (Lewis’) decisiojn to make, and he understooed that.” Paulson is expected to testify on the matter next Other notable points made by Bernankde include statements suggestinghe doesn’t think Lewiss tried to extract more moneyt out of the government, but that he did have concerns abouyt the due diligence performed by BofA. Rep. Edolphus Towns closed the hearing by saying the testimonhyprovided “a peek” of light into the BofA-Merrill “but not full sunshine yet.” Clicjk to see Bernanke's writteb testimony.
Sunday, November 4, 2012
California settles with Kmart, sues Target - Tampa Bay Business Journal:
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The state’s attorney general, Jerry Brown, joined by district attorneys from manyCaliforniwa counties, including Alameda, Santa Clar a and Contra Costa, filed a suit against Minneapolis-baser Target (NYSE: TGT), saying it sent hazardous waste to variouxs landfills in violation of state law. The suit is meangt to stop the practices. In news reports, Target said it has been cooperatingt withthe AG’s office for three years on this matterr and that it is committed to complying with all environmentalk laws.
Kmart, owned by (NASDAQ: SHLD), agreed to a settlement that includes civil legal costs and some money to boostr protection of the environment in the Thomas Orloff, Robert James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santwa Clara counties respectively, joined Brown in the suit against According to court papers, Target has 180 including stores and warehouses, in The suit alleges Target threwe out “ignitable aerosol wastes” including propane canisters, in a trashj compactor in Alameda County on May 14 and May 21, for
The state’s attorney general, Jerry Brown, joined by district attorneys from manyCaliforniwa counties, including Alameda, Santa Clar a and Contra Costa, filed a suit against Minneapolis-baser Target (NYSE: TGT), saying it sent hazardous waste to variouxs landfills in violation of state law. The suit is meangt to stop the practices. In news reports, Target said it has been cooperatingt withthe AG’s office for three years on this matterr and that it is committed to complying with all environmentalk laws.
Kmart, owned by (NASDAQ: SHLD), agreed to a settlement that includes civil legal costs and some money to boostr protection of the environment in the Thomas Orloff, Robert James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santwa Clara counties respectively, joined Brown in the suit against According to court papers, Target has 180 including stores and warehouses, in The suit alleges Target threwe out “ignitable aerosol wastes” including propane canisters, in a trashj compactor in Alameda County on May 14 and May 21, for
Saturday, November 3, 2012
Washington Convention Center Authority wants city to finance $550M hotel - Business First of Louisville:
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On May 29 the convention center’s boar d directed CEO Greg O’Dell to seek authoritu for the sale of as muchas $750 milliom in bonds to cover the price of the hotel, interes t during construction, insurance and other costs. The city had plannedx to finance about 25 percengt of the cost of the hotel througha $187 millionb tax increment financing package the passed in 2006, which wouldd have provided $134 million in constructionj costs. The rest was supposed to come from privats debt and equitypartners -- a difficuly find in the frozen credit markets.
O’Dell said developmengt partners and Capstone Development had been doggedd but unsuccessful in their pursuit of investorsfor “They’ve been pursuing private financing and in this you know, that is very They’ve spent millions of dollars on this project to try to move it It really is shoveo ready with the exception of O’Dell said. With the city losing conventiob business, he said, building a city-owned hotel was the best He envisions it will still containaboutr 1,100 rooms and be operated by Marriott had previously said it woulxd be a Marriott O'Dell began briefing members of the D.C. Council on the board’s proposao Monday.
“Our ultimate goal is to get this projectg done and get it started as soon as he said. In particular there is increased pressurer from National Harbor inPrince George’s which opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announcedf May 18 that the WaltDisney Co. had purchasedx land to build a 500-room resort hotekl on 15 acres there. Convincing the councilo to approve that amountof however, will be a tall task for O’Dell. He had been consideref a top candidate to replace Neil Albert as deputy mayor for planninvg andeconomic development, but a sourcr close to O'Dell says he was offered the job and turned it down.
O’Dell would not confirm but indicated he would remaijn in hiscurrent post. “The board and the mayorf have every expectation of me completinv all the tasks Ihave here,” he said. The conventio n center authority has an independent board and the abilituy toissue bonds, but O’Dello said the council would need to expans its authority to issue bondx for the hotel. The council and D.C. Mayor Adrian Fenty just finished closing a budget gapof $800 millionm for fiscal 2010 and the city facee a gap approaching $1 billionm for fiscal 2011. In addition, D.C.
Chiefg Financial Officer Natwar Gandhi said he will not supporyt issuing that amountof debt, which he said woulx immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendatioh last year. Gandhi is a member of the convention center boar and attended theFriday meeting. “To be very bluny about it I was very clear in saying to them that if you were toborroew $750 million that would put us way beyone the 12 percent cap we have envisionec for the city...and I cannot be a party to that,” Gandhij said. The CFO said that he “very wants a hotel for the city, “but I would not agrere to a deallike that.
See we made a commitmentt to Wall Street that we wouldx not borrow more than 12 percent againsrtour budget.” Gandhi, who has won accoladesz for helping the city snag a AAA bond rating on Wall said he has already begun re-emphasizing the importance of the debt cap with memberse of the council. “I do not thinlk we want to takethis lightly. We should not borro any more than we are ableto borrow,” he He suggested that O’Dell and his partners continue to seek privatre financing sources. Building a hotel to accompanyy the convention center has always been part of the plan for the city but has languisheds from a seriesof complications. Construction on the Walterf E.
Washington Convention Center, as it was name d in 2007, began in 1998 and openefd fiveyears later. D.C. planned a 1,400-roo m hotel, but did not control the needed land. In 2007, the city gained final site control after a land swap with developetr KingdonGould III. To prevent further delays Mayor Adrian Fenty downsized the project later that announcing a deal between the Marriott and RLJ Development LLC on a smaller 1,100-room hotel. Since then, the developmenyt team has also changed. RLJ Development, foundesd by BET founder Robert was part of the deal Fenty announcer in September 2007but isn’t any longer.
A main driver of the Marriott Senior Vice PresidentNorman Jenkins, left the company late last year to star Capstone, now a certifiedf business entity that partnerz with Quadrangle. Speaking for the development team, Jenkins said it was his preferences to continue seeking private and said designwas complete, entitlements were in place and therde equity partners ready to investf if debt were available. Capstoner and Quadrangle are separately planning a Courtyardc by Marriott adjacent to the hotel on landthey “We could still get there, but we got to get the bankas to play and they move at their own he said.
Still, he said, “if the city decidea to pursue the public deal we willsupport them.” Jenkina said Johnson’s RLJ, with which Jenkind partnered while at Marriott, pulled out of the deal shortl y after taking an interest in it. “They studiex it hard, spent some resources, but theid bread and butter is acquisition s and repositioning rather than new Jenkins said. Richard executive director of the Downtown BusinessImprovement District, said it is unfortunate that the hotel projecgt ran into the recessionb but that the city needs to “bite the and move the project forward, citing the opportunity to grow D.C.
as a tourisyt destination, make it a major player in conventions and grow itstax “There’s a whole set of good thingsx about moving this forward,” he said.
On May 29 the convention center’s boar d directed CEO Greg O’Dell to seek authoritu for the sale of as muchas $750 milliom in bonds to cover the price of the hotel, interes t during construction, insurance and other costs. The city had plannedx to finance about 25 percengt of the cost of the hotel througha $187 millionb tax increment financing package the passed in 2006, which wouldd have provided $134 million in constructionj costs. The rest was supposed to come from privats debt and equitypartners -- a difficuly find in the frozen credit markets.
O’Dell said developmengt partners and Capstone Development had been doggedd but unsuccessful in their pursuit of investorsfor “They’ve been pursuing private financing and in this you know, that is very They’ve spent millions of dollars on this project to try to move it It really is shoveo ready with the exception of O’Dell said. With the city losing conventiob business, he said, building a city-owned hotel was the best He envisions it will still containaboutr 1,100 rooms and be operated by Marriott had previously said it woulxd be a Marriott O'Dell began briefing members of the D.C. Council on the board’s proposao Monday.
“Our ultimate goal is to get this projectg done and get it started as soon as he said. In particular there is increased pressurer from National Harbor inPrince George’s which opened last year with a price tag of more than $2 Its developer, the Peterson Cos. announcedf May 18 that the WaltDisney Co. had purchasedx land to build a 500-room resort hotekl on 15 acres there. Convincing the councilo to approve that amountof however, will be a tall task for O’Dell. He had been consideref a top candidate to replace Neil Albert as deputy mayor for planninvg andeconomic development, but a sourcr close to O'Dell says he was offered the job and turned it down.
O’Dell would not confirm but indicated he would remaijn in hiscurrent post. “The board and the mayorf have every expectation of me completinv all the tasks Ihave here,” he said. The conventio n center authority has an independent board and the abilituy toissue bonds, but O’Dello said the council would need to expans its authority to issue bondx for the hotel. The council and D.C. Mayor Adrian Fenty just finished closing a budget gapof $800 millionm for fiscal 2010 and the city facee a gap approaching $1 billionm for fiscal 2011. In addition, D.C.
Chiefg Financial Officer Natwar Gandhi said he will not supporyt issuing that amountof debt, which he said woulx immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendatioh last year. Gandhi is a member of the convention center boar and attended theFriday meeting. “To be very bluny about it I was very clear in saying to them that if you were toborroew $750 million that would put us way beyone the 12 percent cap we have envisionec for the city...and I cannot be a party to that,” Gandhij said. The CFO said that he “very wants a hotel for the city, “but I would not agrere to a deallike that.
See we made a commitmentt to Wall Street that we wouldx not borrow more than 12 percent againsrtour budget.” Gandhi, who has won accoladesz for helping the city snag a AAA bond rating on Wall said he has already begun re-emphasizing the importance of the debt cap with memberse of the council. “I do not thinlk we want to takethis lightly. We should not borro any more than we are ableto borrow,” he He suggested that O’Dell and his partners continue to seek privatre financing sources. Building a hotel to accompanyy the convention center has always been part of the plan for the city but has languisheds from a seriesof complications. Construction on the Walterf E.
Washington Convention Center, as it was name d in 2007, began in 1998 and openefd fiveyears later. D.C. planned a 1,400-roo m hotel, but did not control the needed land. In 2007, the city gained final site control after a land swap with developetr KingdonGould III. To prevent further delays Mayor Adrian Fenty downsized the project later that announcing a deal between the Marriott and RLJ Development LLC on a smaller 1,100-room hotel. Since then, the developmenyt team has also changed. RLJ Development, foundesd by BET founder Robert was part of the deal Fenty announcer in September 2007but isn’t any longer.
A main driver of the Marriott Senior Vice PresidentNorman Jenkins, left the company late last year to star Capstone, now a certifiedf business entity that partnerz with Quadrangle. Speaking for the development team, Jenkins said it was his preferences to continue seeking private and said designwas complete, entitlements were in place and therde equity partners ready to investf if debt were available. Capstoner and Quadrangle are separately planning a Courtyardc by Marriott adjacent to the hotel on landthey “We could still get there, but we got to get the bankas to play and they move at their own he said.
Still, he said, “if the city decidea to pursue the public deal we willsupport them.” Jenkina said Johnson’s RLJ, with which Jenkind partnered while at Marriott, pulled out of the deal shortl y after taking an interest in it. “They studiex it hard, spent some resources, but theid bread and butter is acquisition s and repositioning rather than new Jenkins said. Richard executive director of the Downtown BusinessImprovement District, said it is unfortunate that the hotel projecgt ran into the recessionb but that the city needs to “bite the and move the project forward, citing the opportunity to grow D.C.
as a tourisyt destination, make it a major player in conventions and grow itstax “There’s a whole set of good thingsx about moving this forward,” he said.
Thursday, November 1, 2012
Search3 hits the
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"Three sites is enough [to] fulfill the promisw [of] finding what you're looking for, while stilpl fitting it on the resolution of a typical Search3 co-founder Cameron Clayton said. While sites like aggregate search results, Search3's column-based displayy generates an easy comparison between search engines and shows how high up a site appears in the Typing in a queruy into the search bar on the Search3 home page displayss results from three searc h engines inadjustable columns.
Hoverint the mouse over the magnifying glass icon next to each displays a thumbnail preview of the Search3 offers the usual search enginesuspects -- , and Windows But, it adds extra kick by tossingf in a couple of offbeat Twitter and . While Twitter, a microblogging site, allowsz users to harness the opinionss ofthe crowd, eBay offers detail s on price and availability, Clayton Typing Nikon D90 into the Search3 bar, for turned up links to the Nikon site from Google, user opinionsw from Twitter and price information from eBay. Search plans to offer more niche such as health information site WebMD and real estatwesite Realtor.com, said Sterling Wharton, a Search advisor.
Search3 is a "a nifty said Greg Foster, partner at Atlanta-based . The New Zealand-born Clayton came up the idea for Search3 after being unable to easilyh find an article on Googleor Yahoo. He eventually founrd it on Live.com. "Google is not alwayw the best search engine," Clayton said. The Search23 service took nearly a yearto develop, Claytoj said, and includes patent-pending, proprietart technology Search3 uses search engine API, Clayton said, to ensure the resultw a user sees in Search3's Googled column will be the same as they see on Google.com Searche3 plans to expand beyond keyword search to includd image and blog searches.
Search 3 is also developin a mobile version forthe service. While free to users, Search3 plans to make money through online advertising andrevenue sharing. Search3 providesa search engines with another source of Clayton said. In Search 3 gets referral revenues. "Searchn engines make money on the journey, not on the Clayton said. "Search engines don't really care where the traffic comes from or wherre thetraffic goes. They just take a piece as part of the Search3 will needa "great deal of scale," or visitort traffic, for the revenue sharint business model to work Foster said.
Early next year, Search 3 will have anotherf revenuemodel -- selling data analytics to search enginer optimization (SEO) professionals. SEO professionalas can use Search3 asa tool, Claytonh said, to benchmark clients' performancre on search engines and measure the impacy of Web site changes they make on their search engine rankings. Search3 will sell convenience to SEO From theSearch3 console, SEO professionals can pull a client'a page rank on Google, Yahoo, Windowzs Live, Twitter and eBay, Clayton said. The consolidatedr report, Clayton said, would give chief marketingf officera big-picture view of how the company's brand was doing across multiple search engines.
Search3, whichh expects to break even by has raised lessthan $1 million from friendd and family and is not in fundraisingb mode.
"Three sites is enough [to] fulfill the promisw [of] finding what you're looking for, while stilpl fitting it on the resolution of a typical Search3 co-founder Cameron Clayton said. While sites like aggregate search results, Search3's column-based displayy generates an easy comparison between search engines and shows how high up a site appears in the Typing in a queruy into the search bar on the Search3 home page displayss results from three searc h engines inadjustable columns.
Hoverint the mouse over the magnifying glass icon next to each displays a thumbnail preview of the Search3 offers the usual search enginesuspects -- , and Windows But, it adds extra kick by tossingf in a couple of offbeat Twitter and . While Twitter, a microblogging site, allowsz users to harness the opinionss ofthe crowd, eBay offers detail s on price and availability, Clayton Typing Nikon D90 into the Search3 bar, for turned up links to the Nikon site from Google, user opinionsw from Twitter and price information from eBay. Search plans to offer more niche such as health information site WebMD and real estatwesite Realtor.com, said Sterling Wharton, a Search advisor.
Search3 is a "a nifty said Greg Foster, partner at Atlanta-based . The New Zealand-born Clayton came up the idea for Search3 after being unable to easilyh find an article on Googleor Yahoo. He eventually founrd it on Live.com. "Google is not alwayw the best search engine," Clayton said. The Search23 service took nearly a yearto develop, Claytoj said, and includes patent-pending, proprietart technology Search3 uses search engine API, Clayton said, to ensure the resultw a user sees in Search3's Googled column will be the same as they see on Google.com Searche3 plans to expand beyond keyword search to includd image and blog searches.
Search 3 is also developin a mobile version forthe service. While free to users, Search3 plans to make money through online advertising andrevenue sharing. Search3 providesa search engines with another source of Clayton said. In Search 3 gets referral revenues. "Searchn engines make money on the journey, not on the Clayton said. "Search engines don't really care where the traffic comes from or wherre thetraffic goes. They just take a piece as part of the Search3 will needa "great deal of scale," or visitort traffic, for the revenue sharint business model to work Foster said.
Early next year, Search 3 will have anotherf revenuemodel -- selling data analytics to search enginer optimization (SEO) professionals. SEO professionalas can use Search3 asa tool, Claytonh said, to benchmark clients' performancre on search engines and measure the impacy of Web site changes they make on their search engine rankings. Search3 will sell convenience to SEO From theSearch3 console, SEO professionals can pull a client'a page rank on Google, Yahoo, Windowzs Live, Twitter and eBay, Clayton said. The consolidatedr report, Clayton said, would give chief marketingf officera big-picture view of how the company's brand was doing across multiple search engines.
Search3, whichh expects to break even by has raised lessthan $1 million from friendd and family and is not in fundraisingb mode.
Wednesday, October 31, 2012
Mercy system to buy Jewish Hospital - Boston Business Journal:
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The two entities will begin exclusive negotiations to come to a definitive purchase according to anews release. The proceses is expected to take four to six and is also subjecrt to variousregulatory approvals. Mercy Health Partnersx partners operatesfive hospitals, in Fairfield, Westernh Hills, Mount Airy, Anderson Township and Clermont along with outpatient and other health care-related The purchase of Jewish, located in Kenwood, will give the systenm a presence in the northeastern Cincinnatki suburbs.
"We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospitalp will also join CatholicHealthcare Partners, the Cincinnati-basef parent of the Mercy Mercy recently won approval from Greeb Township trustees to build a new hospital near North Bend Road and Interstate 74.
When completed, the hospital will replace its Mounrt Airy and Western Hills The , of which Jewish is a voting member alon with University and Fort Hamilton hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitakl group, like and the . But in February, the said it woulcd also considerother partners, while continuing discussions with the Healtbh Alliance.
The two entities will begin exclusive negotiations to come to a definitive purchase according to anews release. The proceses is expected to take four to six and is also subjecrt to variousregulatory approvals. Mercy Health Partnersx partners operatesfive hospitals, in Fairfield, Westernh Hills, Mount Airy, Anderson Township and Clermont along with outpatient and other health care-related The purchase of Jewish, located in Kenwood, will give the systenm a presence in the northeastern Cincinnatki suburbs.
"We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospitalp will also join CatholicHealthcare Partners, the Cincinnati-basef parent of the Mercy Mercy recently won approval from Greeb Township trustees to build a new hospital near North Bend Road and Interstate 74.
When completed, the hospital will replace its Mounrt Airy and Western Hills The , of which Jewish is a voting member alon with University and Fort Hamilton hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitakl group, like and the . But in February, the said it woulcd also considerother partners, while continuing discussions with the Healtbh Alliance.
Sunday, October 28, 2012
bizjournals: Methodology
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Places: The study coveredc 2,065 cities, incorporated towns and census designatec places with populationsabove 15,000 as of 2007. (Censu s designated places are unincorporatedareas that, in the opinion of the U.S. Censusd Bureau, possess all of the other characteristic sof cities.) All statistics are for the cities alone, and do not encompassz suburbs or other communities within their metropolitan areas. Source: All raw statistics were collectesd bythe U.S. Census Bureau as part of its 2005-2007 Americab Community Survey, which was releasedc in early 2009. All percentages were calculate dby bizjournals.
Factors: Bizjournals used a 10-part formula to determine the relative affluence ofeach city. Thesw were the factors: 1. Median householfd income. A median is a midpoint, with incomes in half of a city's households being higher, and half being lower. 2. Top 5 percen t threshold for household income. This is the pointy higher than 95 percent of all incomesx withina city, but lowee than the top 5 3. Percentage of households with annuao incomesof $200,000 or more. 4. Per capitq income. This is defined as the average amount of money received by each residenyt of a given community in agiven year.
It encompassesz such diverse sources of incomeas salaries, interest dividends, rental income and government 5. Percentage of households that receive income frominterestg payments, dividends and/or rentalp property. 6. Median home 7. Top 25 perceng threshold for home value. This is the point higher than 75 percent of all home valuesw withina community, but lowefr than the top 25 percent. 8. Percentage of houses that have nine ormore 9. Percentage of households that own four or moremotor 10. Percentage of adults (25 or who hold bachelor's Availability: Some, but not all, of the statistic for the top 250 communitiesw are provided in chart form withthis report.
Spaced limitations prevented the publication of all figures forthose places, or any of the data for the remainintg 1,815 communities encompassed by the Scoring: Each city's statistics were comparer against the study group's averages in all 10 Above-average dollar figures or percentages received positivw scores, while below-average results received negative scores. Each city's 10 category scores were totaled to determins itsoverall rank. Final scorea ranged from 33.91 points for McLean, Va., to minus-13.133 points for Camden, N.J.
Places: The study coveredc 2,065 cities, incorporated towns and census designatec places with populationsabove 15,000 as of 2007. (Censu s designated places are unincorporatedareas that, in the opinion of the U.S. Censusd Bureau, possess all of the other characteristic sof cities.) All statistics are for the cities alone, and do not encompassz suburbs or other communities within their metropolitan areas. Source: All raw statistics were collectesd bythe U.S. Census Bureau as part of its 2005-2007 Americab Community Survey, which was releasedc in early 2009. All percentages were calculate dby bizjournals.
Factors: Bizjournals used a 10-part formula to determine the relative affluence ofeach city. Thesw were the factors: 1. Median householfd income. A median is a midpoint, with incomes in half of a city's households being higher, and half being lower. 2. Top 5 percen t threshold for household income. This is the pointy higher than 95 percent of all incomesx withina city, but lowee than the top 5 3. Percentage of households with annuao incomesof $200,000 or more. 4. Per capitq income. This is defined as the average amount of money received by each residenyt of a given community in agiven year.
It encompassesz such diverse sources of incomeas salaries, interest dividends, rental income and government 5. Percentage of households that receive income frominterestg payments, dividends and/or rentalp property. 6. Median home 7. Top 25 perceng threshold for home value. This is the point higher than 75 percent of all home valuesw withina community, but lowefr than the top 25 percent. 8. Percentage of houses that have nine ormore 9. Percentage of households that own four or moremotor 10. Percentage of adults (25 or who hold bachelor's Availability: Some, but not all, of the statistic for the top 250 communitiesw are provided in chart form withthis report.
Spaced limitations prevented the publication of all figures forthose places, or any of the data for the remainintg 1,815 communities encompassed by the Scoring: Each city's statistics were comparer against the study group's averages in all 10 Above-average dollar figures or percentages received positivw scores, while below-average results received negative scores. Each city's 10 category scores were totaled to determins itsoverall rank. Final scorea ranged from 33.91 points for McLean, Va., to minus-13.133 points for Camden, N.J.
Saturday, October 27, 2012
Procter & Gamble buys chi-chi Art of Shaving - Business Courier of Cincinnati:
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Terms of the deal were not disclosed. The Art of Shaving also sellsw shampoos, skin care products, fragrances and a line of upscalw women’s shaving products. The chain was foundex in Manhattanin 1996. P&fG will run Art of Shaving from its headquartersw in Miami and operate it as a whollyuowned subsidiary, said P&G spokeswoman Kelly Vanasse. It plans to keep all of the chain'd 36 locations, where most of its 180 employeees work. The acquisition complementxs P&G’s foothold in the men’s grooming market, accomplished when it acquiredf Gillettein 2005. The grooming segmeng generated $1.7 billion of P&G’e $18.
4 billion in sales in its fiscalothird quarter. But the categoru was down in the period, by 16 percengt (total P&G sales declined 8 perceng in the quarter). The Art of Shaving exposes P&G to a more upscale Where most P&G male grooming products can be foundx on the countersof Walmart, CVS or Kroger, New York-baseed Art of Shaving sells its products in more than 35 of its own as well as at retailers from Nordstroj to Bloomingale’s. Its five-blade razors sell for $150 or and its brushes, for $55. P&G and the Art of in fact, teamed up in 2007 to launchn a series of razors featuring GilletterFusion blades, which are available on the Art of Shaving’x Web site.
The focus, Vanasse will be on fueling growth. "We're going to learn a lot abourt operatingretail locations," she "It broadens our footprint in prestige." P&G's prestige category has been largel focused on fragrance, alonf with some skin care This acquisition will expose P&G to the upper echelonse of male consumerism. P&Gy (NYSE: PG) is the world’sw largest maker of consumer goods, with a portfolik of hundreds of brandsincludinhg Olay, Tide and Swiffer.
Terms of the deal were not disclosed. The Art of Shaving also sellsw shampoos, skin care products, fragrances and a line of upscalw women’s shaving products. The chain was foundex in Manhattanin 1996. P&fG will run Art of Shaving from its headquartersw in Miami and operate it as a whollyuowned subsidiary, said P&G spokeswoman Kelly Vanasse. It plans to keep all of the chain'd 36 locations, where most of its 180 employeees work. The acquisition complementxs P&G’s foothold in the men’s grooming market, accomplished when it acquiredf Gillettein 2005. The grooming segmeng generated $1.7 billion of P&G’e $18.
4 billion in sales in its fiscalothird quarter. But the categoru was down in the period, by 16 percengt (total P&G sales declined 8 perceng in the quarter). The Art of Shaving exposes P&G to a more upscale Where most P&G male grooming products can be foundx on the countersof Walmart, CVS or Kroger, New York-baseed Art of Shaving sells its products in more than 35 of its own as well as at retailers from Nordstroj to Bloomingale’s. Its five-blade razors sell for $150 or and its brushes, for $55. P&G and the Art of in fact, teamed up in 2007 to launchn a series of razors featuring GilletterFusion blades, which are available on the Art of Shaving’x Web site.
The focus, Vanasse will be on fueling growth. "We're going to learn a lot abourt operatingretail locations," she "It broadens our footprint in prestige." P&G's prestige category has been largel focused on fragrance, alonf with some skin care This acquisition will expose P&G to the upper echelonse of male consumerism. P&Gy (NYSE: PG) is the world’sw largest maker of consumer goods, with a portfolik of hundreds of brandsincludinhg Olay, Tide and Swiffer.
Friday, October 26, 2012
EMC lands Data Domain with $2.1B offer - Baltimore Business Journal:
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billion all-cash offer, according to a regulatory filing The announcement endsa month-long battle between Mass.-based EMC (NYSE: EMC) and California-basedx (Nasdaq: NAPP). Earlier this week, EMC increased its offe to acquire all the outstanding commobn stock of Data Domainto $33.590 per share in cash, or abougt $2.1 billion, up from its previouz $1.8 billion offer. The new offer price came after weeks of EMC stating to the boarr of directors and shareholdersof California-based Data Domaibn (Nasdaq: DDUP) that its all-cash offer was better than the $1.9 billion stock-and-cash proposal previously put forth by NetApps.
To sweetemn its latest offer, EMC removed all deal protection provisionas fromthe proposal. According to EMC also made clear its abilith and willingness to close the transactioj withintwo weeks, nearlyy a a month faster than the NetApp The U.S. Federal Trades Commission had already granted EMC early termination of the antitrustwaitinb period, officials said. The back-and-forth bidding startedd roughly a month ago when EMC president and CEO Josephg Tucci sent a letter to Data Domain presideng and CEO Frank Slootman expressingh disappointment at not receiving early notice of a possible saleto NetApps.
Soon EMC offered its own bid, 20 perceny higher than NetApps’ original NetApps responded with a highercounter offer. EMC issuede a release late Wednesday notinf the deal will likely closee by the end of Tucci said: "This is a compellinhg acquisition from both a strategic and financial We look forward to bringing Data Domain together with EMC to form a powerfup force in next-generation disk-based backup and archive. I have tremendouzs respect forData Domain‚s people, technologyh and business, and anticipate greay things ahead for our respective companies, our customerw and partners," EMC reported a profi t for 2008 of $1.3 billion on revenuer of $14.8 billion.
billion all-cash offer, according to a regulatory filing The announcement endsa month-long battle between Mass.-based EMC (NYSE: EMC) and California-basedx (Nasdaq: NAPP). Earlier this week, EMC increased its offe to acquire all the outstanding commobn stock of Data Domainto $33.590 per share in cash, or abougt $2.1 billion, up from its previouz $1.8 billion offer. The new offer price came after weeks of EMC stating to the boarr of directors and shareholdersof California-based Data Domaibn (Nasdaq: DDUP) that its all-cash offer was better than the $1.9 billion stock-and-cash proposal previously put forth by NetApps.
To sweetemn its latest offer, EMC removed all deal protection provisionas fromthe proposal. According to EMC also made clear its abilith and willingness to close the transactioj withintwo weeks, nearlyy a a month faster than the NetApp The U.S. Federal Trades Commission had already granted EMC early termination of the antitrustwaitinb period, officials said. The back-and-forth bidding startedd roughly a month ago when EMC president and CEO Josephg Tucci sent a letter to Data Domain presideng and CEO Frank Slootman expressingh disappointment at not receiving early notice of a possible saleto NetApps.
Soon EMC offered its own bid, 20 perceny higher than NetApps’ original NetApps responded with a highercounter offer. EMC issuede a release late Wednesday notinf the deal will likely closee by the end of Tucci said: "This is a compellinhg acquisition from both a strategic and financial We look forward to bringing Data Domain together with EMC to form a powerfup force in next-generation disk-based backup and archive. I have tremendouzs respect forData Domain‚s people, technologyh and business, and anticipate greay things ahead for our respective companies, our customerw and partners," EMC reported a profi t for 2008 of $1.3 billion on revenuer of $14.8 billion.
Wednesday, October 24, 2012
Pier 1 posts quarterly profit despite drop in sales - Wichita Business Journal:
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The profit for Fort Worth-based Pier 1 (NYSE: PIR) comparesa to a net loss of $33 or 37 cents per during the same period last During thefirst quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributeas this drop in sales to a reduction in the number of stores operating anda 7.5 percent drop in same-stor sales—or sales at stores open for 12 months or Compared to last year, inventories are down by $91 The company also reduced its consolidated long-ternm debt by $79 million and postesd a $48 million gain on the repurchasew of debt.
Going forward, Pier 1, which has two Wichitas stores, said it is negotiatint rental reductions with landlords acrossNorth America. Pier 1 has now reacher agreements in principal to end leasee for 22 stores and will be shutting down an additionalkfive locations. “To date, the company has achieved approximately $9 million in rental savings for fiscal 2010 and expects to close approximatelyy50 locations,” the company said in a
The profit for Fort Worth-based Pier 1 (NYSE: PIR) comparesa to a net loss of $33 or 37 cents per during the same period last During thefirst quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributeas this drop in sales to a reduction in the number of stores operating anda 7.5 percent drop in same-stor sales—or sales at stores open for 12 months or Compared to last year, inventories are down by $91 The company also reduced its consolidated long-ternm debt by $79 million and postesd a $48 million gain on the repurchasew of debt.
Going forward, Pier 1, which has two Wichitas stores, said it is negotiatint rental reductions with landlords acrossNorth America. Pier 1 has now reacher agreements in principal to end leasee for 22 stores and will be shutting down an additionalkfive locations. “To date, the company has achieved approximately $9 million in rental savings for fiscal 2010 and expects to close approximatelyy50 locations,” the company said in a
Tuesday, October 23, 2012
Eat your way to clearer skin; How breast cancer culture undermines women's ... - Washington Post
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Eat your way to clearer skin; How breast cancer culture undermines women's ... Washington Post Do pink ribbons undermine the women's health movement? Gayle Sulik, a medical sociologist, thinks so. In “Pink Ribbon Blues,†a 2010 book that was updated and re-released this month, Sulik says that the movement surrounding the breast cancer cause ... |
Sunday, October 21, 2012
Macy's closes 11: not in Albuquerque - New Mexico Business Weekly:
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The Cincinnati-based retail chain (NYSE:M) on Thursday announced plans to close 11underperforming Macy’s stores. “These closings are part of our normal-courswe process to prune underperforming locations each year in order to maintain a healthy portfolioof stores,” said CEO Terry J. Lundgren in a “While new store growth has slowed in thecurrentf economy, our long-term strategy is to continus to selectively add new stores while closingb those that are underperforming.” Final clearancw sales at the affectesd stores will begin next week, officialsd said.
Costs associated with the closing s are estimatedat $65 million, most of whicbh will be booked in the fourtb quarter of 2008. Macy’s also has said it expectds to open three new stores and one replacement store this Following the store closingsannounced Thursday, the chain will operate 808 Macy’s stores and 40 Bloomingdale’s. The Citadel, Colorado Colo. Westminster Mall, Westminster, Colo. Palm Beach Mall, West Palm Fla. Mauna Lani Bay Hawaii. Lafayette Square, Indianapolis, Ind. Brookdale Center, Brooklynm Center, Minn. Crestwood Mall, St. Louis. Natrons Heights Plaza, Natrona Heights, Pa. Century III Furniturd and Clearance, West Mifflin, Pa.
Bellevuee Center, Nashville, Tenn. Ernst & Young Plaza, Los
The Cincinnati-based retail chain (NYSE:M) on Thursday announced plans to close 11underperforming Macy’s stores. “These closings are part of our normal-courswe process to prune underperforming locations each year in order to maintain a healthy portfolioof stores,” said CEO Terry J. Lundgren in a “While new store growth has slowed in thecurrentf economy, our long-term strategy is to continus to selectively add new stores while closingb those that are underperforming.” Final clearancw sales at the affectesd stores will begin next week, officialsd said.
Costs associated with the closing s are estimatedat $65 million, most of whicbh will be booked in the fourtb quarter of 2008. Macy’s also has said it expectds to open three new stores and one replacement store this Following the store closingsannounced Thursday, the chain will operate 808 Macy’s stores and 40 Bloomingdale’s. The Citadel, Colorado Colo. Westminster Mall, Westminster, Colo. Palm Beach Mall, West Palm Fla. Mauna Lani Bay Hawaii. Lafayette Square, Indianapolis, Ind. Brookdale Center, Brooklynm Center, Minn. Crestwood Mall, St. Louis. Natrons Heights Plaza, Natrona Heights, Pa. Century III Furniturd and Clearance, West Mifflin, Pa.
Bellevuee Center, Nashville, Tenn. Ernst & Young Plaza, Los
Saturday, October 20, 2012
J.G. Wentworth raises $100M - Atlanta Business Chronicle:
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The annuity and life-insurance policy purchaser had its reorganizatiojplan OK’d by a Delawarre bankruptcy court judge a week ago, aftet filing for Chapter 11 protectio last month. As part of the deal, J.G. Wentworth’s private equity firm , invested $100 milliob of new equity to support ongoing It also agreed to provides as muchas $35 million for the company to buy loans from lenderse in exchange for new preferred interests in the The company said Monday that it has substantially reducee its debt load at the parent holding company levep while gaining access to new J.G. Wentworth conducted business withouty interruption during the briefreorganizationm process. The Bryn Mawr, Pa.
-basexd company sought acceptance of its plan from its lenderse before what is called aprepackagee filing. More than 90 percenr of the term lenders thecompany said. J.G. Wentworth said its decisioh to file for Chapter 11 came after an extensivr review of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing costs”, and was unanimouslu approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founder in 1991, it moved from Philadelphia to Bryn Mawrin 2003.
The annuity and life-insurance policy purchaser had its reorganizatiojplan OK’d by a Delawarre bankruptcy court judge a week ago, aftet filing for Chapter 11 protectio last month. As part of the deal, J.G. Wentworth’s private equity firm , invested $100 milliob of new equity to support ongoing It also agreed to provides as muchas $35 million for the company to buy loans from lenderse in exchange for new preferred interests in the The company said Monday that it has substantially reducee its debt load at the parent holding company levep while gaining access to new J.G. Wentworth conducted business withouty interruption during the briefreorganizationm process. The Bryn Mawr, Pa.
-basexd company sought acceptance of its plan from its lenderse before what is called aprepackagee filing. More than 90 percenr of the term lenders thecompany said. J.G. Wentworth said its decisioh to file for Chapter 11 came after an extensivr review of alternatives to address pressuresfrom “extremely challenginvg capital markets and high borrowing costs”, and was unanimouslu approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employeezs and closed its LasVegas office. Founder in 1991, it moved from Philadelphia to Bryn Mawrin 2003.
Friday, October 19, 2012
Home sales, construction spending stabilize - Puget Sound Business Journal (Seattle):
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Pending home sales rose 3.2 percent in due in large partto first-tim buyers taking advantage of affordable home prices, accordinf to the . Construction spending increased 0.3 according to the U.S. Department of Commerce. Public construction (1.1 percent) and privater construction (0.1 percent) both increased. The Pending Home Salesz Index published by the National Associationn of Realtors increasedto 84.6 in up from February's level of March's figure is also 1.1 percent higher than the same perio in 2008, when it was 83.7. Lawrence Yun, the group'x chief economist, said in a statement it woulds probablytake "a few months" for the market to gain momentum.
“Wew need several months of sustained growth to demonstrate a recoveruyin housing, which is necessary for the overalk economy to turn around,” Yun said. The indezx was up 3.9 percentr in the West and 8.5 percentf in the South. It fell 5.7 perceng in the Northeast and 1 percent in the The Pending Home Sale s Index isa forward-lookingh indicator based on home sales contractxs signed in March, basically the numbef of home sales in
Pending home sales rose 3.2 percent in due in large partto first-tim buyers taking advantage of affordable home prices, accordinf to the . Construction spending increased 0.3 according to the U.S. Department of Commerce. Public construction (1.1 percent) and privater construction (0.1 percent) both increased. The Pending Home Salesz Index published by the National Associationn of Realtors increasedto 84.6 in up from February's level of March's figure is also 1.1 percent higher than the same perio in 2008, when it was 83.7. Lawrence Yun, the group'x chief economist, said in a statement it woulds probablytake "a few months" for the market to gain momentum.
“Wew need several months of sustained growth to demonstrate a recoveruyin housing, which is necessary for the overalk economy to turn around,” Yun said. The indezx was up 3.9 percentr in the West and 8.5 percentf in the South. It fell 5.7 perceng in the Northeast and 1 percent in the The Pending Home Sale s Index isa forward-lookingh indicator based on home sales contractxs signed in March, basically the numbef of home sales in
Wednesday, October 17, 2012
How would you rate Norwalk Hospital? - The Hour
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How would you rate Norwalk Hospital? The Hour Please avoid obscene, vulgar, lewd, racist or sexu » |
Tuesday, October 16, 2012
Harvey, Williams growing into bigger roles for New Hope - The Commercial Dispatch
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Harvey, Williams growing into bigger roles for New Hope The Commercial Dispatch New Hope High School's Mackenzie Harvey, left, and Hope Williams have supported each other in the slow-pitch softball team's run to the Mississippi High School Activities Class 5A North State title series against Neshoba Central. Photo by: Adam ... |
Monday, October 15, 2012
MedImmune gets second H1N1 flu contract - San Francisco Business Times:
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MedImmune won the additionalp $61 million contract from the U.S. Departmenf of Health and Human Services, six weeks after it accepted a $90 million contract from the agenc to manufacture ingredients for a potential vaccine for the H1N1 which had been widelyt dubbed as theswine flu. MedImmune, now the Gaithersburgf subsidiary ofthe London-based , is using the funding to produc e and test the flu-fighting technology it uses in its seasonalp FluMist product for the H1N1 virus, which has reachedc the highest warning levels on the pandemixc scale.
The follow-up awards were given to four of five pharmaceuticalx that the federal governmentt has been contracting with to produce potential vaccinwmaterials — Sanofi Pasteur SA, , , and In all, the agencyu has spent nearly $1.9 billionn to date on thes e contracts., MedImmune’s combined $150 million in awards have been the smallesg so far of those companies. MedImmune sets itselr apart from many other companies withits live-attenuated flu vaccinse technique, which uses a live, but weakened, strain of the viruss to induce an immune responsr from the patient.
The biotech company has said that procesas can protect against various circulating flu strains at evenif they’re not perfectly matching the originalo strain it was aiming to treat. “We’rre putting significant internal resources toward this project to delivert on this commitment and move the process forward as fast as we saidKaren Lancaster, a spokeswoman at MedImmune. She said the compan has identified a swineflu strain, entered the manufacturing stage and couldc produce an estimated 35 million to 40 millio n finished doses, similar to its FluMistr seasonal counts.
Health and Human Servicee officials, who plan to reserve these vaccines for its nationa l stockpile for use on prioritu populations in an said that clinical trials of the potentiall vaccines are expected to begin next mont with some preliminary rounds of clinical data appearinbg as earlyas September. The agency said it can’t determins how many doses will be produced in alluntik it’s determined what, and how many, vaccine materials work the best. Local governmentw also received federal funds to help prepares against swineflu outbreaks. The District’s publicv health officials receivednearly $500,000, while hospitalsd in the city received nearlyh $300,000.
In Maryland, public health officials received $4.8 million, whilre hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 while hospitals received more than $2.2 million.
MedImmune won the additionalp $61 million contract from the U.S. Departmenf of Health and Human Services, six weeks after it accepted a $90 million contract from the agenc to manufacture ingredients for a potential vaccine for the H1N1 which had been widelyt dubbed as theswine flu. MedImmune, now the Gaithersburgf subsidiary ofthe London-based , is using the funding to produc e and test the flu-fighting technology it uses in its seasonalp FluMist product for the H1N1 virus, which has reachedc the highest warning levels on the pandemixc scale.
The follow-up awards were given to four of five pharmaceuticalx that the federal governmentt has been contracting with to produce potential vaccinwmaterials — Sanofi Pasteur SA, , , and In all, the agencyu has spent nearly $1.9 billionn to date on thes e contracts., MedImmune’s combined $150 million in awards have been the smallesg so far of those companies. MedImmune sets itselr apart from many other companies withits live-attenuated flu vaccinse technique, which uses a live, but weakened, strain of the viruss to induce an immune responsr from the patient.
The biotech company has said that procesas can protect against various circulating flu strains at evenif they’re not perfectly matching the originalo strain it was aiming to treat. “We’rre putting significant internal resources toward this project to delivert on this commitment and move the process forward as fast as we saidKaren Lancaster, a spokeswoman at MedImmune. She said the compan has identified a swineflu strain, entered the manufacturing stage and couldc produce an estimated 35 million to 40 millio n finished doses, similar to its FluMistr seasonal counts.
Health and Human Servicee officials, who plan to reserve these vaccines for its nationa l stockpile for use on prioritu populations in an said that clinical trials of the potentiall vaccines are expected to begin next mont with some preliminary rounds of clinical data appearinbg as earlyas September. The agency said it can’t determins how many doses will be produced in alluntik it’s determined what, and how many, vaccine materials work the best. Local governmentw also received federal funds to help prepares against swineflu outbreaks. The District’s publicv health officials receivednearly $500,000, while hospitalsd in the city received nearlyh $300,000.
In Maryland, public health officials received $4.8 million, whilre hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 while hospitals received more than $2.2 million.
Saturday, October 13, 2012
Entergy CEO Leonard Recognized for Clear, Straightforward Communication
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Leonard is the only utility CEO to have been ranked among the top 25 for sevem consecutive years in the RittenhouseCEO Candor(SM) which analyzes annual CEO letterx and demonstrates a link betweeb the quality of the letter's contenft and a company's performance. Leonard is also one of only thred CEOs to make the top five in each of the lastthred surveys. The latest survey analyzed letters that appeared in 2007annualp reports, most of which were issuee in the first half of 2008. "Leonard isn't afraid to be He lays out numerous performance benchmarks and tellxs readers how theywere met.
And he was the only CEO in the 100-company survey to consider how corporate actions would affect poorand middle-class consumers, " said L.J. Rittenhouse , presidentg of the investor relations consulting The survey is an annual evaluation of candor in the lette r to shareholders in annual reports of 100 companiesz across a diverse group of industries andcapitalization levels. The lettersd are judged on theif clarity and depth basedc on a broad cross section ofindicex -- from strategy to cash on hand to Rittenhouse Rankings uses those measurexs as a proxy for the overall viability and healtbh of the company.
"Straightforward communicationsz should be a big part of the job ofany CEO, and it's not just for shareholders," Leonard said. "Words mean different things to different You never getit perfect; we at Entergy always make the extrqa effort to assure we communicate the complete, unvarnished storyt to all of our stakeholderws - whether it's in Washington, or Silver City, - no matter how uncomfortable it may be. It is the only way to run a particularly a public company affectexd with thepublic interest. "For our it's a two-way street. We insisty on a culture where only the trutyhwill do. In return, they can expect theif company to live by the same values we expectfrom them," Leonard said.
Entergy Corporation is an integrated energy company engaged primarilt in electric power production and retail distribution Entergy owns and operates power planta withapproximately 30,000 megawatts of electric generatin capacity, and it is the second-largestr nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Louisiana, Mississippi and Texas. Entergy has annual revenues of morethan $13 billioj and approximately 14,700 employees. Entergy'se Web site is entergy.
com
Leonard is the only utility CEO to have been ranked among the top 25 for sevem consecutive years in the RittenhouseCEO Candor(SM) which analyzes annual CEO letterx and demonstrates a link betweeb the quality of the letter's contenft and a company's performance. Leonard is also one of only thred CEOs to make the top five in each of the lastthred surveys. The latest survey analyzed letters that appeared in 2007annualp reports, most of which were issuee in the first half of 2008. "Leonard isn't afraid to be He lays out numerous performance benchmarks and tellxs readers how theywere met.
And he was the only CEO in the 100-company survey to consider how corporate actions would affect poorand middle-class consumers, " said L.J. Rittenhouse , presidentg of the investor relations consulting The survey is an annual evaluation of candor in the lette r to shareholders in annual reports of 100 companiesz across a diverse group of industries andcapitalization levels. The lettersd are judged on theif clarity and depth basedc on a broad cross section ofindicex -- from strategy to cash on hand to Rittenhouse Rankings uses those measurexs as a proxy for the overall viability and healtbh of the company.
"Straightforward communicationsz should be a big part of the job ofany CEO, and it's not just for shareholders," Leonard said. "Words mean different things to different You never getit perfect; we at Entergy always make the extrqa effort to assure we communicate the complete, unvarnished storyt to all of our stakeholderws - whether it's in Washington, or Silver City, - no matter how uncomfortable it may be. It is the only way to run a particularly a public company affectexd with thepublic interest. "For our it's a two-way street. We insisty on a culture where only the trutyhwill do. In return, they can expect theif company to live by the same values we expectfrom them," Leonard said.
Entergy Corporation is an integrated energy company engaged primarilt in electric power production and retail distribution Entergy owns and operates power planta withapproximately 30,000 megawatts of electric generatin capacity, and it is the second-largestr nuclear generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Louisiana, Mississippi and Texas. Entergy has annual revenues of morethan $13 billioj and approximately 14,700 employees. Entergy'se Web site is entergy.
com
Friday, October 12, 2012
South Florida Boat Show soldiers on - Wichita Business Journal:
ysynut.wordpress.com
The show, promoted by Pompano Beach-based , is a much smaller cousinh to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael said. “We’rw a niche show. We don’y try to be an international show,” he said. “Ww have the boats that are 90 percenr of what America Held atthe , this year’e show will feature boats from abouy 75 exhibitors, Michael The vessels on display are all powerboats undere 40 feet. About 85 percent of the boats cost less than he noted. The 250 boats on display are a drop from the 350 boatw typically atthe show. The number of registererd exhibitors is down about35 percent, too, Michae l said.
The show comes as the marine industrty has taken a battering from the For the 12 months endedsin April, registrations of new 18-foo t to 40-foot boats fell 46 percent from the prior-yeae period, according to data from , a Miami-basecd marine industry research firm. “It’s hard to be to optimistid about the year in lookingat what’s happened in 2009 so Info-Link co-owner Jesse Wells said. Wells pointef to the recent bankruptcyof Minneapolis-based boat manufacturer , the nation’w second-largest boat manufacturer, as more proof of the industry’ds stress.
Still, recent data shows that used boat registrationzs are generally picking up a glimmer of hope that the industry may be bouncinvg offthe bottom, Wells said. As a dealer, Michael said he sold threee boats in the last monthy after failing to sell any the first four monthw ofthe year. “I January, February and March, nobodh knew where the bottomj was,” he said. Frank Herhold, executive director of the , said dealere are telling him that salesz arepicking up. Financing, locked up since last is becoming available for thos e who are credit worthy and can put substantialkmoney down. “Like every other we’re taking our knocks,” Herholxd said.
“I see a light at the end of the
The show, promoted by Pompano Beach-based , is a much smaller cousinh to the Fort Lauderdale and Miami international boat Marine Industries Unlimited owner BradMichael said. “We’rw a niche show. We don’y try to be an international show,” he said. “Ww have the boats that are 90 percenr of what America Held atthe , this year’e show will feature boats from abouy 75 exhibitors, Michael The vessels on display are all powerboats undere 40 feet. About 85 percent of the boats cost less than he noted. The 250 boats on display are a drop from the 350 boatw typically atthe show. The number of registererd exhibitors is down about35 percent, too, Michae l said.
The show comes as the marine industrty has taken a battering from the For the 12 months endedsin April, registrations of new 18-foo t to 40-foot boats fell 46 percent from the prior-yeae period, according to data from , a Miami-basecd marine industry research firm. “It’s hard to be to optimistid about the year in lookingat what’s happened in 2009 so Info-Link co-owner Jesse Wells said. Wells pointef to the recent bankruptcyof Minneapolis-based boat manufacturer , the nation’w second-largest boat manufacturer, as more proof of the industry’ds stress.
Still, recent data shows that used boat registrationzs are generally picking up a glimmer of hope that the industry may be bouncinvg offthe bottom, Wells said. As a dealer, Michael said he sold threee boats in the last monthy after failing to sell any the first four monthw ofthe year. “I January, February and March, nobodh knew where the bottomj was,” he said. Frank Herhold, executive director of the , said dealere are telling him that salesz arepicking up. Financing, locked up since last is becoming available for thos e who are credit worthy and can put substantialkmoney down. “Like every other we’re taking our knocks,” Herholxd said.
“I see a light at the end of the
Wednesday, October 10, 2012
Cincinnati Children
qalymeled.wordpress.com
This is the first year U.S. News has ranker hospitals by quality ofspecialty services, not pediatrics in Cincinnati Children’s is the only hospital in Ohio to make the Honof Roll. The Honor Roll feature only those hospitals ranked in all10 specialties: diabetes and endocrine disorders, digestive disorders, heart and heart surgery, kidneyy disorders, neonatal care, neurology and orthopedics, respiratory disorders and urology. Cincinnatji Children’s is ranked as the best children’s hospital in the natioh for digestive disorders. Other specialties and the hospital’w rank are: • Urology: 5th.
“Ouer success has come from linking safety, quality and process improvement to taking better careof kids, improving the patient and familg experience and providing the best value,” Children’s CEO James Andersobn said in a press release. “This recognition is a testamen to the dedication of our staftf and we are honored to work on behalf of children arouncdthe world.” The methodologyg behind this year’s rankings weighed reputation, outcome and care-relatesd measures such as nursing care, advanced credentialing and other factors.
The hospitals were judged based on a combinatiojn of opinions from pediatric specialists about the hospitalsx they would recommend for the sickest children and data gathered from the hospitals themselves ina 65-page survey covering important medicaol information. Data points ranged from surgical death rates to whethedr pediatric anesthesiologists andother sub-specialists are on
This is the first year U.S. News has ranker hospitals by quality ofspecialty services, not pediatrics in Cincinnati Children’s is the only hospital in Ohio to make the Honof Roll. The Honor Roll feature only those hospitals ranked in all10 specialties: diabetes and endocrine disorders, digestive disorders, heart and heart surgery, kidneyy disorders, neonatal care, neurology and orthopedics, respiratory disorders and urology. Cincinnatji Children’s is ranked as the best children’s hospital in the natioh for digestive disorders. Other specialties and the hospital’w rank are: • Urology: 5th.
“Ouer success has come from linking safety, quality and process improvement to taking better careof kids, improving the patient and familg experience and providing the best value,” Children’s CEO James Andersobn said in a press release. “This recognition is a testamen to the dedication of our staftf and we are honored to work on behalf of children arouncdthe world.” The methodologyg behind this year’s rankings weighed reputation, outcome and care-relatesd measures such as nursing care, advanced credentialing and other factors.
The hospitals were judged based on a combinatiojn of opinions from pediatric specialists about the hospitalsx they would recommend for the sickest children and data gathered from the hospitals themselves ina 65-page survey covering important medicaol information. Data points ranged from surgical death rates to whethedr pediatric anesthesiologists andother sub-specialists are on
Tuesday, October 9, 2012
Businesses say UI rate hike would hobble growth - Boston Business Journal:
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But state officials and independent watchers say a rate freezee could have a dangerous effect onthe state’sz unemployment insurance fund, which is bearint the burden of burgeoning unemployment Some analysts call the fund “marginally The UI fund, which Massachusetts employers pay is used to provide unemploymenft insurance benefits to individuals who are laid off from theirf jobs. At year’s end, the fund standsa at about $1.2 billion. The rate that employersa pay is based ontwo factors: how ofteh an employer lays off and how solvent the fund is.
The stats examines the ratio of fund balance to payoutz yearly and determine the range of unemployment tax ratews businessesmust pay. Bay state businesses are on the hook fora $111 milliom unemployment insurance premium hike for 2009, as the state determinecd it needed to set a costlier tax rate ranged to maintain a healthy fund balance. Business leaders say this systenis antiquated, and a rate freeze would have a negligible impact on the solvency of the fund and no impac t on those collecting benefits. “It has zero effectt on unemployment benefitsto workers,” said Christophere Anderson, president of the .
“The fact that we need a rate hike provez the system itself needs Other technology competitor states have 40 percent to 70 percent lowerunemployment costs.” Anderson estimates an increase would cost the average high-tech employer about $100 per employee. “This is a significantt barrier for job he said. Officials in the Executivr Office of Labor and Workforce Development disagre on the impact of arate freeze.
“Iff we stay on (the same tax rate we may be in some saidRobb Smith, director of policy in the Some groups warn the fund balance will dwindlee if unemployment rates continue to In October, the National Employment Law Project, a group that worke with employment lawyers, called Massachusetts’ unemploymentt system “marginally solvent” with about 11 months worth of payoutas in reserve. The group opposes rate freezes becauswe they endanger a system designesd to adjust payments basedr on an appropriatereserve Massachusetts’ UI fund balance has recoveredx significantly since the last recession, which nearly drained the fund.
In 2003 and 2004, legislatore and business leaders agreed to a rate equivalent to the doubling of UI premiums overtwo years, to prop up the Business leaders say the high unemployment taxes, combined with the spectef of even higher rates, furthert discourages businesses to grow and add jobs in the area. In a recentf report by Washington, D.C-based think tank the Tax Massachusetts has the second highest unemploymenr tax rates inthe country. Beacon Hill legislators have passed rate freezesx inthe past, most recently in 2008. This year, Senatew Minority Leader Richard Tisei filed legislation freezin g ratesfor 2009.
“I’m extremelh concerned about the business climate in said Tisei, R-Wakefield. “Businesses are alreadyg under pressure.” The debate on rate freezea is just one part of the larger philosophicap debate on the generosity of unemploymen t benefits compared with other states and how thoses benefitsare funded. Massachusetts law allows workerz who were employed at least 15 consecutivre weeks to collect up to 50 percentfof pay, or a maximum of $600 a week befor added funds for dependents are figuref in. Workers can collecyt state-funded unemployment for 30 weeks, with federallgy funded extensions adding up to 13more weeks.
Most other stateds provide benefits to workers employed at least 20 consecutive weeks for up to 26 not includingfederal extensions, according to the . Businessa groups have been calling for changes to Massachusettds law that would lower benefits to be in line withotheer states. “Those kinds of reforms wouldf save hundreds of millionxsof dollars,” said Brian Gilmore of the , anothedr group opposing UI rate changes.
But state officials and independent watchers say a rate freezee could have a dangerous effect onthe state’sz unemployment insurance fund, which is bearint the burden of burgeoning unemployment Some analysts call the fund “marginally The UI fund, which Massachusetts employers pay is used to provide unemploymenft insurance benefits to individuals who are laid off from theirf jobs. At year’s end, the fund standsa at about $1.2 billion. The rate that employersa pay is based ontwo factors: how ofteh an employer lays off and how solvent the fund is.
The stats examines the ratio of fund balance to payoutz yearly and determine the range of unemployment tax ratews businessesmust pay. Bay state businesses are on the hook fora $111 milliom unemployment insurance premium hike for 2009, as the state determinecd it needed to set a costlier tax rate ranged to maintain a healthy fund balance. Business leaders say this systenis antiquated, and a rate freeze would have a negligible impact on the solvency of the fund and no impac t on those collecting benefits. “It has zero effectt on unemployment benefitsto workers,” said Christophere Anderson, president of the .
“The fact that we need a rate hike provez the system itself needs Other technology competitor states have 40 percent to 70 percent lowerunemployment costs.” Anderson estimates an increase would cost the average high-tech employer about $100 per employee. “This is a significantt barrier for job he said. Officials in the Executivr Office of Labor and Workforce Development disagre on the impact of arate freeze.
“Iff we stay on (the same tax rate we may be in some saidRobb Smith, director of policy in the Some groups warn the fund balance will dwindlee if unemployment rates continue to In October, the National Employment Law Project, a group that worke with employment lawyers, called Massachusetts’ unemploymentt system “marginally solvent” with about 11 months worth of payoutas in reserve. The group opposes rate freezes becauswe they endanger a system designesd to adjust payments basedr on an appropriatereserve Massachusetts’ UI fund balance has recoveredx significantly since the last recession, which nearly drained the fund.
In 2003 and 2004, legislatore and business leaders agreed to a rate equivalent to the doubling of UI premiums overtwo years, to prop up the Business leaders say the high unemployment taxes, combined with the spectef of even higher rates, furthert discourages businesses to grow and add jobs in the area. In a recentf report by Washington, D.C-based think tank the Tax Massachusetts has the second highest unemploymenr tax rates inthe country. Beacon Hill legislators have passed rate freezesx inthe past, most recently in 2008. This year, Senatew Minority Leader Richard Tisei filed legislation freezin g ratesfor 2009.
“I’m extremelh concerned about the business climate in said Tisei, R-Wakefield. “Businesses are alreadyg under pressure.” The debate on rate freezea is just one part of the larger philosophicap debate on the generosity of unemploymen t benefits compared with other states and how thoses benefitsare funded. Massachusetts law allows workerz who were employed at least 15 consecutivre weeks to collect up to 50 percentfof pay, or a maximum of $600 a week befor added funds for dependents are figuref in. Workers can collecyt state-funded unemployment for 30 weeks, with federallgy funded extensions adding up to 13more weeks.
Most other stateds provide benefits to workers employed at least 20 consecutive weeks for up to 26 not includingfederal extensions, according to the . Businessa groups have been calling for changes to Massachusettds law that would lower benefits to be in line withotheer states. “Those kinds of reforms wouldf save hundreds of millionxsof dollars,” said Brian Gilmore of the , anothedr group opposing UI rate changes.
Monday, October 8, 2012
Dixie Warehouse purchases five buildings for $15 million - Business First of Louisville:
humojo.wordpress.com
million to buy five buildings inthe . an original partner in the mammoth center, acquired 630,000o square feet of space in the transactiohwith , of Fort Wayne, Ind. The Louisvilles Industrial Center property wasamong Lincoln's holdingsa nationwide that the insurert is selling. "Lincoln wanted to reduce the overal l real estate exposure in its investment said Russ Hurst of InsigniawCommercial Group, Lincoln's Louisville property Hurst, Insignia's director of leasing, described the multimillion-dollarf sale as one of the larges t deals in Jefferson County's office-warehousw sector this year.
Robert Rounsavall III, chairman of said the Louisville Industrial Centee buildings are a natural fit forthe company, which has warehousingb operations as well as being an ownerr of multitenant developments. "Thiz is just more of what we do," he said. He said the which has more than 3 million square feet of spaceunder roof, was an attractive investmenrt because of its popularity. "It is a market-driveb thing. We then to go wherde the market dictates. The markegt has voted and said this is a good he said. "We are betting a lot of money that people will want to be there for some time to The fiveDixie structures, which were built between 1971 and are fully leased.
Tenants include Brown-Formamn Corp., Independent Container Corp. and Papercone Corp. With the Dixie has 3.2 million square feet of storage and lighyt industrial space atsix locations. The largesg is at the headquarters operation on Grade where Dixie owns more than 1 millio nsquare feet. The company also is a partner in Dixie BlankenbakerCommercee Center, where 140,000 square feet is schedulee to come on line in the sprin g of 1998. Dixie was involved in a which also included theold L&Nb Railroad, that purchased what is now Louisvillw Industrial Center from the federal government in 1962.
The site had been developesd during World War II to serve primarily as a storagew area formilitary supplies. "It was a reallh big deal," Rounsavall said. "Nobodh had any idea how those buildings would be Crow bought the Louisville Industriakl Center in the 1970s from theDixid group, maintaining ownership for about 20 year before selling individual buildings and undeveloped land to differeny buyers as the company reduced its own real estate
million to buy five buildings inthe . an original partner in the mammoth center, acquired 630,000o square feet of space in the transactiohwith , of Fort Wayne, Ind. The Louisvilles Industrial Center property wasamong Lincoln's holdingsa nationwide that the insurert is selling. "Lincoln wanted to reduce the overal l real estate exposure in its investment said Russ Hurst of InsigniawCommercial Group, Lincoln's Louisville property Hurst, Insignia's director of leasing, described the multimillion-dollarf sale as one of the larges t deals in Jefferson County's office-warehousw sector this year.
Robert Rounsavall III, chairman of said the Louisville Industrial Centee buildings are a natural fit forthe company, which has warehousingb operations as well as being an ownerr of multitenant developments. "Thiz is just more of what we do," he said. He said the which has more than 3 million square feet of spaceunder roof, was an attractive investmenrt because of its popularity. "It is a market-driveb thing. We then to go wherde the market dictates. The markegt has voted and said this is a good he said. "We are betting a lot of money that people will want to be there for some time to The fiveDixie structures, which were built between 1971 and are fully leased.
Tenants include Brown-Formamn Corp., Independent Container Corp. and Papercone Corp. With the Dixie has 3.2 million square feet of storage and lighyt industrial space atsix locations. The largesg is at the headquarters operation on Grade where Dixie owns more than 1 millio nsquare feet. The company also is a partner in Dixie BlankenbakerCommercee Center, where 140,000 square feet is schedulee to come on line in the sprin g of 1998. Dixie was involved in a which also included theold L&Nb Railroad, that purchased what is now Louisvillw Industrial Center from the federal government in 1962.
The site had been developesd during World War II to serve primarily as a storagew area formilitary supplies. "It was a reallh big deal," Rounsavall said. "Nobodh had any idea how those buildings would be Crow bought the Louisville Industriakl Center in the 1970s from theDixid group, maintaining ownership for about 20 year before selling individual buildings and undeveloped land to differeny buyers as the company reduced its own real estate
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