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.

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.

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.

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.

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

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 ...



and more »

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