Sunday, January 27, 2013

Beige Book: Region

guronelogoh.blogspot.com
Consumer spending in the region was weak and is expected toremainm soft, the closely watched survey said, but “an uptick in manufacturinf orders helped stabilize expectations for future production.” The Beiges Book also said that “commercial real estate market conditiones deteriorated, and energy activity declined further.” Bankers, it “reported a rise in deposits and stabl e loan demand with no erosion in loan quality.” It said consumetr price and wage pressures remained low. Meanwhile, produced prices “declined at a slowetr pace, with some firms notin that higher commodity prices boostee material andfuel costs.
” Overall, the latest regionak Beige Book — covering a six-week period — was somewhaf more optimistic than the last survey, releasede April 15. The report covers the Fed’s Kansas City-basedc 10th District. It is based on interviewsd with a sample of businesses representinbg key industries ineach district. The reports are anecdota l and do notcontain statistics, but they are widely followed and help the Fed to set nationakl economic policy.
The Fed’s 10th District includew Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as wester n Missouri and northern New Formally known asthe “Summary of Commentary on Curreny Economic Conditions by Federal Reserve District,” the Beige Book is published eight times a year. The latest report covers late Aprilthroughu May. The Federal Reserve’s 10th District is also known as the Kansasa City district becausethe reserve’sw regional bank is based .

Monday, January 21, 2013

Savara Pharmaceuticals obtains Series A financing - Business Courier of Cincinnati:

sucujovide.wordpress.com
million Series A financing according toa U.S. Securitiew and Exchange Commission filing. The Austin-basedx company is developing an inhalation-basef drug delivery system and will use the fund to continue development of its NanoCluster technologt in the dry powdertherapeuticas market. Savara, which moved from Kansas last didn’t disclose its investors, but the SEC filinf indicates they've attracted 13 Savara was founded in 2007 with technology developed atthe . In late 2008, it moverd to the five monthes after Austin entrepreneur Rob Neville was namedthe company’a chairman and CEO.
Neville previously was founder and CEO ofanother ATI-based company, That startup was acquirede in 2000 by Houston-based for $100 million abouft a year after it was founded. Savara’s pulmonarty — or via the lungs drug delivery product, initially developer in 2004, is based on nanotechnology and dry powders rather thanconventional propellants. It planss to offer its platform to drug makerzs seeking alternative delivery methods and to developl itsown drugs. Last Savara garnered an undisclosed amount of financing from a syndicate of 12ange investors, most based in Texas, Nevillse said. During 2008, Austin-area life sciencees companies attracted $18.
7 million in venture capitao comparedwith $195.1 million in 2007, according to .

Wednesday, January 16, 2013

Big story for the dailies is coping with parent companies

vanbeekdulejos1771.blogspot.com
The parent companies of both the Soutn Florida and could be under mounting pressure to sell newspaper businesses in the face of fallint ad revenue andsuffocating debt, accordinvg to industry sources and published reports. Despitr their parent companies’ problems, both newspapers are regarded assolidlg profitable, and the Herald’s headquarters offers the bonu of a prime waterfront location in downtown The challenge for a potential sale would be whethefr a buyer is willing to step forwar d in the middle of a recessioj to bid on businesses with declining revenue. Financingv is another hurdle. In a Dec. 9 the Herald reported parent Sacramento, Calif.
-based had been in talks to sell thedaily – which has an average dailyt circulation of 288,179 to condo king Jorge Perez and sugat executive Alfonso Fanjul. Herald spokeswoman Elissa Vanaver said the pape r had no more information beyondits story. “It is and that is all there isto say,” she said The day Chicago-based , owner of the Sun-Sentinel, and Chicagio Tribune, among other papers, filed for Chapter 11 bankruptcy undee the stress of a $13 billion debt deliverexd at the hand of real estate mogul Sam The Tribune chairman and CEO used an employeee stock ownership plan to craft his $8.2 billionb leveraged buyout to take the companyy private last December.
As for McClatchy, it took on $3.176 billion in debt to buy the Herald and the rest of the newspapert chainin 2006. It sold off several newspapers to help pay downthat debt. “Most newspapers, on an operating basis, are profitable,” newspaper analyst John Mortonn said. “They are too overly leveraged.” Morto said such high leverage makes it difficult to ride out thiseconomicv downturn. But, selling won’t be a walk in the either. “This is a terrible time to sell a Morton said. “First of all, there are no and second, newspaper values have dropped in half in the past five Morton said theTribune Co.
bankruptcy is the firstf he can recall for a major company since he entereds the industryin 1970. said it will continuse to operate its mediabusinesses – television stations and interactived media – and has sufficienft cash to do so through the bankruptcy process. But, that may change once the case hits bankruptcy courtr and the company faces the challenge of draftinv an acceptablerestructuring plan, according to Porter managing partner of , a New York City-basexd merchant bank that specializes in media companuy investments. “A good part of the less-than-core businesses will be sold off. It is as much strategg as it is financial,” Bibb said.
He said Tribune’s Floridq papers could be vulnerablebecause “they don’tf contribute very much to the needs of Tribund Co.” Tribune has already sold New York’xs Newsday. Bibb estimated operating profits for most newspapers stilpl hover at about18 percent, whichb is down from the 20 percent to 30 percenr of three years ago. The Sun-Sentinel recently signed a 10-yead deal to print The Palm Beachj Post, a publication that is cutting 300 jobs by closinbg itsprinting plant. The Sun-Sentinel’s printinhg plant in Deerfield Beach is aprofitf center. It also prints , The , Barron’s and New Times, the Post said in announcingf itsmove there.

Sunday, January 13, 2013

Sprint Nextel has Palm Pre exclusively through year

kittredgeihuhyla1951.blogspot.com
The Overland Park-based company (NYSE: S), the third-largesyt wireless carrier, with about 49 million still wouldn’t give exact datesx of its exclusivity The Pre, a touch-screen phone with a slide-oug keyboard made by Palm Inc. (Nasdaq: PALM), . The phonr operates on a new webOS platform that enables users to integrate information from multiple placews intoone calendar, contacts list or e-mail view, and it supports social, entertainment and personal CEO Lowell McAdam reportedly said the the No. 1 wireless will offer the phone within six Sprint clarified its claim on the phonew through theholiday season.
The Pre is intender to help Sprint combatthe iPhone, made by AAPL) and offered by No. 2 wirelessw carrier (NYSE: T). Sprinyt has been losing customers, including aboutf 4.1 million contract subscriberslast year. Sprint ranksa No. 1 on the Kansas City Business Journall ’s list of the area’s top public

Saturday, January 12, 2013

Crucial Demos DDR4 Memory Modules, Plans to Ship in Late 2013. - X-bit Labs

haygoodfoafyga1359.blogspot.com


X-bit Labs


Crucial Demos DDR4 Memory Modules, Plans to Ship in Late 2013.

X-bit Labs


Crucial, a leading supplier of memory modules and NAND flash-based devices, introduced its first DDR4 SDRAM modules at CES 2013. The company intends to start shipments of DDR4 memory to interested parties in late 2013; though, it is hard to expect ...


New Crucial(R) DDR4 DRAM Modules Enable Next Generation Enterprise and ...

NASDAQ


CES 2013: Crucial reveal DDR4 DRAM modules

Tech Digest


Micron Announces True 20 nm SSD Trio, Late 2013 DDR4 Launch

DailyTech



 »

Thursday, January 10, 2013

Feds want more data on Metavante-Fidelity deal - The Business Journal of Milwaukee:

xiwyxucupewox.blogspot.com
Brown Deer-based Metavante (NYSE: MV) and Fla.-based Fidelity National (NYSE: FIS) had announced the transaction Apripl 1 and said they expectedc to close the deal by thethire quarter. Fidelity National and Metavante executives said Mondayg morning that the companies have each receiver a request for additional informatiob and documentary material from the Departmen tof Justice. The so-called second request is a procedurre in the regulatory process underthe Hart-Scott-Rodinio Antitrust Improvements Act.
Fidelity National and Metavants are in the process of gatherinv information in response tothe request, and are cooperatinb with Department of Justice reviewsx of the proposed the companies said. The Justice Departmenyt request extends the waitingv period imposed bythe Hart-Scott-Rodino Act until 30 days after the companies substantially comply with the unless that period is extended voluntarily by the companies and Justicd Department or terminated sooner by the Justices Department, the companies The proposed merger also remains subject to customarty conditions, including shareholder Metavante has agreed to a $3 billion acquisition by Fidelituy National in a deal that is expected to resulrt in the loss of hundreds of jobs as the companiesa look to cut $260 millionh in annual costs.
Metavante has about 2,700 employees in metro Milwaukee. Assumingg the transaction receivesregulatory approval, the mergedr company’s headquarters will be in Jacksonviller and Metavante CEO Frank Martire will relocate therre and serve as CEO. Metavantes stock was trading at $25.51, down 89 Monday morning. Fidelity National was trading at down34 cents.

Wednesday, January 9, 2013

Professional recruiter shares C-level executives

ramoledef.blogspot.com
How would you like to pick the brains of top executivez to find out how they managedtheir careers? That’e exactly what Umesh Ramkrishnan, a noted executive did. Executives from , , , , , and otheer firms share what worked — and didn’gt — for them. One thiny binds their stories: Building a caree resembles rock climbing moving up bygoing sideways, diagonallu and sometimes even down to gain the toehold and handholds of learning experiences. • Listeninfg goes well beyond It’s an opportunity to show thosed around you that you acknowledge and appreciatewtheir expertise, experience and concerns.
Listening builda the highway leading to trustand respect, and adds alliews you’ll need on your climb. • The best time to advocatre for change is when the companuy isdoing well. It’se not a case of discarding what’a working; rather it’s an opportunity to leverage the momentum of a strongt position to get toanother level. Changd emanating from strength yieldxs morepositive outcomes. When change is forced when the firmis losing), it’sz driven out of fear and lack of momentum. It’sa rare that positive results comewhen backpedaling. • Peoplew only play their A-game when surroundefd by A-players. You need the best people to extracrt the bestfrom you.
They fill in your gaps and help eliminateryour blindspots. Written in an engaging, almost-conversationao style, this book almost feels like you’rew having a discussion over lunch.

Saturday, January 5, 2013

In Los Angeles, advocates push dueling medical marijuana measures - NBCNews.com (blog)

yqyqynesara.blogspot.com


NBCNews.com (blog)


In Los Angeles, advocates push dueling medical marijuana measures

NBCNews.com (blog)


That measure is pitted against a medical marijuana initiative that qualified for the b »

Thursday, January 3, 2013

Chrysler

ogarawo.wordpress.com
The North Assembly plant, which produces Dodge Ram had been by the end of so Chrysler’s announcement Wednesday provided an exact The Fenton North plant is set to resume production June 29 untikl July 10, Chrysler said, and then will remainj idled “contingent upon volumes.” The trucjk segment has taken a particulare hit as auto saleds have declined. Dianna Gutierrez, a Chrysletr spokeswoman, said workers at the plant will have an opportunity to transferf to other production site or take part in an incentived program forearly retirement, speciapl early retirement program, and/or an enhancedd voluntary termination program.
She didn’t have exact details of the new offer but said it would be similadr to previous offers thatincluded lump-sum cash vehicle vouchers and health-care The North Plant employedc 1,200 workers prior to recen t buyout offers. About 640 the buyout and early retirement offersw by a May26 deadline. The Nortbh Assembly plant was idlef inearly June, but was one of sevebn plants where Chrysler production following the idling of all its plants when it filed for Chapterd 11 bankruptcy April 30. Afte r its brief reopening, the plant was then expected to closew fora two-week summer break the weeka of July 13 and 20.
Chrysler emerged from bankruptchy when Italian carmaker Fiat closed a deal to takeover Chrysler’s Chrysler’s South Plant in Fenton, whicu assembles minivans, was idled at the end of Another 115 of its more than 350 workerz had accepted offers from Chrysler

Tuesday, January 1, 2013

Nikolay Stoynev: Toplofikatsia-Sofia has debts amounting to BGN 536 million - Focus News

retention-jackjacks.blogspot.com


Nikolay Stoynev: Toplofikatsia-Sofia has debts amounting to BGN 536 million

Focus News


Two years ago, the debt of Bulgargaz amounted to BGN 190 million and down to the present day it keeps the same debt-size. This is very important, because during this period of time, the price of the natural gas has increased from BGN 611 to BGN 897, ...