lebexab.wordpress.com
San Diego-based CareFusion Corp. said three directors will leavewCardinal (NYSE:CAH) when the spinoff is completed to becomed CareFusion directors, including: • Philip 61, CEO of PetSmart Inc. (NASDAQ:PETM); • Michael Losh, 62, formert chief financial officer, General Motors Corp.; and Michael O’Halleran, 58, senior executivde vice president, Aon Corp. (NYSE:AOC). Cardinal spokesman Troy Kirkpatrick saidthe Dublin-basecd company hasn’t determined whether it will refilll the slots or reduce the size of its boarde when the threesome departs. • CareFusion CEO Davidc Schlotterbeck, 61; • Jacqueline 59, CEO UnitedHealth Group Inc.
’s (NYSE:UNH) Prescription • Gregory Lucier, 45, CEO, Life Technologies Corp. (NASDAQ:LIFE); Dr. Edward Miller, 66, CEO, Johns Hopkins Medicine; and • Robert 63, former CFO at Hewlett-Packard Co. (NYSE:HPQ). The CareFusionm division makes and sells equipment such as infusion pumps and and infectioncontrol supplies. On a standalone it generated $318.5 million in net earnings on $3.76 billion in revenue for the year endedJune 30, according to Securities and Exchange Commission filings.
Friday, December 30, 2011
Wednesday, December 28, 2011
Veeco Instruments (VECO) Shares Upgraded to a "Outperform" Rating by Zacks ... - LocalizedUSA
sunrise-invoices.blogspot.com
Veeco Instruments (VECO) Shares Upgraded to a "Outperform" Rating by Zacks ... LocalizedUSA Veeco Instruments (NASDAQ: VECO) was upgraded by equities research analysts at Zacks Investment Research from an “underperform†rating to an “outperform†rating in a research note issued to investors on Wednesday. Separately, analysts at Needham ... Shares of Veeco Instruments Under Pressure, Down 1.7% |
Monday, December 26, 2011
Friday, December 23, 2011
Why Certain Flavor Combinations Melt In Your Mouth - Inside Science News Service
gonyzyf.wordpress.com
Why Certain Flavor Combinations Melt In Your Mouth Inside Science News Service New research suggests that some cuisines may be based on combinations of dissimilar ingredients, but critics say the work is not filtering out flavors that may be unimportant to understanding why dishes are enjoyable. British chef Heston Blumenthal is ... |
Wednesday, December 21, 2011
Thinner brains may be more susceptible to Alzheimer's disease - Los Angeles Times
geqopimozaqyxyh.blogspot.com
Los Angeles Times | Thinner brains may be more susceptible to Alzheimer's disease Los Angeles Times By using MRI scans to measure the thickness of specific parts of the brain, that's how. A new study from the journal Neurology reports that an “AD signature†can predict which people with normal brain function are most likely to suffer cognit ive ... Brain Scans Spot Alzheimer's Changes Years Before Symptoms Brain Size And Alzheimer's: What's The Connection? Brain scans offer Alzheimer's hope |
Monday, December 19, 2011
Theragenics profit rises 6% - Atlanta Business Chronicle:
pabigy.wordpress.com
The Atlanta-based surgical products and cancer treatmentscompanyu (NYSE: TGX) posted net income of $1.8 millionm on $16 million in revenue, compared with net incomew of $1.7 million on $14.4 million in revenue in the third quarter of 2006. Third-quarter earnings were flat at 5 cent sa share. The results for the third quarter of 2006 includrea $1 million income tax benefit, whichh significantly reduced the effective incomd tax rate and increased earnings per share by 3 cents. The thirdc quarter of 2007 has been reporteed at a fully taxed normal The results for 2006 also includeda $400,000o one-time license fee of $400,000.
"Ourd diversification strategy continues to deliver strong resulta as we posted another quarter ofrecorrd revenue," said M. Christin e Jacobs, chairman a CEO. "Nearlty half of third quarter revenues was generated by our surgicalproducts business, and both our brachytherapy and surgical products businessees contributed to profitability. Our surgical products businessx has demonstrated its abilityuto grow.
"
The Atlanta-based surgical products and cancer treatmentscompanyu (NYSE: TGX) posted net income of $1.8 millionm on $16 million in revenue, compared with net incomew of $1.7 million on $14.4 million in revenue in the third quarter of 2006. Third-quarter earnings were flat at 5 cent sa share. The results for the third quarter of 2006 includrea $1 million income tax benefit, whichh significantly reduced the effective incomd tax rate and increased earnings per share by 3 cents. The thirdc quarter of 2007 has been reporteed at a fully taxed normal The results for 2006 also includeda $400,000o one-time license fee of $400,000.
"Ourd diversification strategy continues to deliver strong resulta as we posted another quarter ofrecorrd revenue," said M. Christin e Jacobs, chairman a CEO. "Nearlty half of third quarter revenues was generated by our surgicalproducts business, and both our brachytherapy and surgical products businessees contributed to profitability. Our surgical products businessx has demonstrated its abilityuto grow.
"
Saturday, December 17, 2011
Family tragedy changed Roybal's career course - Denver Business Journal:
eragywaqer.wordpress.com
Moving back to her native Colorado to be with family duringhis treatment, Roybal soon found her calling in an industru that she otherwise would have "I got to experienc e firsthand the health care heroes, and what they did with my Roybal said. "I thought to myself that I wanted to be a part of I wanted to be with a company that was working for thegreatert good." That was in the sprinyg of 2000. Today, Roybal is director of recruitmenfor , which operates 12 hospitalsd throughout Colorado.
She is responsible for the hirinv of the leadership positions in allof Centura'ds locations, "from our chaplains to our Recruiting the right people, Roybal is important for any company, but it is essential in the healthy care industry and at Centura, specifically. "Beingb not-for-profit and being one of the biggesrorganizations [in Colorado], we have to lead the way," she said of "We really have to be careful for those We want people to stay here because of the Roybal's career started in a much different After attending the at Boulder, Roybal movedx to Jacksonville, Fla., where her then-husband, a memberr of the U.S.
Army, had been That's where, as Roybal puts it, she "stumbled across" the huma n resources field. "They didn't even call it humamn resourcesback then," Royabl said. "I was hired at a compan y to bea 'personnel administrator.'" The company that she started with was , a Florida-base finance firm. Roybal then switched to Ciber, at the time calledx Spectrum, and moved to New Jersey in 1998. It was the fall of 1999 when Royball was drawn back to While with her familyh and dealing withher father's Roybal took up work as a corporate recruiter for in Westminstedr and as a consultant for .
But throughn her family's experience with the health care industrh andher father's passing in May Roybal decided that she wanted more out of her work and her So, Roybal started doinb volunteer work, trying to immerse herself in the fiels that gave so much support to her fatherd and her family. Finally, she realized that the best way to help was to use the skillxs that shealready had. "I figured that I would use the experience that I had in HR to be able to Roybal said. "I may not be able to be a doctofr ora nurse, but I can help to put thesse people in place to help others and try to keep them happhy in their work.
" Roybal started at Centura in 2002 as both a recruiterf and a human resources Through the years, Roybal has workerd her way to her current position as directorf of recruitment. The process of finding Roybal said, can include referrals, job boardws and applications. However, determininb the right candidate to fill a position is much more specific in order to find the individuals that fitinto Centura'x unique culture. "Centura is unique in that we areboth faith-basedc and nonprofit," Roybal said.
Roybal explainerd that faith based, in this circumstance, means to be "extendingg the mission of Along with her dutiesat Centura, Roybal is extremelty active in her community. She is a membefr of the , volunteers with and is a mentoer to young womenthrough "Beintg Hispanic, it is so importantr for me to show these younvg girls and boys that they can be a leadedr in their community as a person of Roybal said.
Moving back to her native Colorado to be with family duringhis treatment, Roybal soon found her calling in an industru that she otherwise would have "I got to experienc e firsthand the health care heroes, and what they did with my Roybal said. "I thought to myself that I wanted to be a part of I wanted to be with a company that was working for thegreatert good." That was in the sprinyg of 2000. Today, Roybal is director of recruitmenfor , which operates 12 hospitalsd throughout Colorado.
She is responsible for the hirinv of the leadership positions in allof Centura'ds locations, "from our chaplains to our Recruiting the right people, Roybal is important for any company, but it is essential in the healthy care industry and at Centura, specifically. "Beingb not-for-profit and being one of the biggesrorganizations [in Colorado], we have to lead the way," she said of "We really have to be careful for those We want people to stay here because of the Roybal's career started in a much different After attending the at Boulder, Roybal movedx to Jacksonville, Fla., where her then-husband, a memberr of the U.S.
Army, had been That's where, as Roybal puts it, she "stumbled across" the huma n resources field. "They didn't even call it humamn resourcesback then," Royabl said. "I was hired at a compan y to bea 'personnel administrator.'" The company that she started with was , a Florida-base finance firm. Roybal then switched to Ciber, at the time calledx Spectrum, and moved to New Jersey in 1998. It was the fall of 1999 when Royball was drawn back to While with her familyh and dealing withher father's Roybal took up work as a corporate recruiter for in Westminstedr and as a consultant for .
But throughn her family's experience with the health care industrh andher father's passing in May Roybal decided that she wanted more out of her work and her So, Roybal started doinb volunteer work, trying to immerse herself in the fiels that gave so much support to her fatherd and her family. Finally, she realized that the best way to help was to use the skillxs that shealready had. "I figured that I would use the experience that I had in HR to be able to Roybal said. "I may not be able to be a doctofr ora nurse, but I can help to put thesse people in place to help others and try to keep them happhy in their work.
" Roybal started at Centura in 2002 as both a recruiterf and a human resources Through the years, Roybal has workerd her way to her current position as directorf of recruitment. The process of finding Roybal said, can include referrals, job boardws and applications. However, determininb the right candidate to fill a position is much more specific in order to find the individuals that fitinto Centura'x unique culture. "Centura is unique in that we areboth faith-basedc and nonprofit," Roybal said.
Roybal explainerd that faith based, in this circumstance, means to be "extendingg the mission of Along with her dutiesat Centura, Roybal is extremelty active in her community. She is a membefr of the , volunteers with and is a mentoer to young womenthrough "Beintg Hispanic, it is so importantr for me to show these younvg girls and boys that they can be a leadedr in their community as a person of Roybal said.
Thursday, December 15, 2011
Foreclosures mount for Monroe
vypybiza.wordpress.com
Both complaints name Charles H. Monroed III, the president of Safety Harbor-based Monroe’s Prestigwe Group. They mark the fourth and fifth pendinf foreclosure lawsuits in South Florida against Monror andaffiliated companies. Monroe said he’s seeking investors and new financing on the Publix anchors the 127th Street Shopping at1755 N.E. 127th St., in Nortj Miami. The 178,855-square-foot centeer was built in 1959, and Monroe said he hopea to get financing torehabilitat it. Bank of America’s action against the shopping center’sx owner, North Miami Shoppint Center Joint Venture, is based on a leasehold mortgage last extendedd in 2006for $8.7 million.
The developer, a joinf venture between Monroe’s Prestige Group and Mark Kovens leases the property from 127th Street Shopping of Clearwater. If Bank of America forecloses, it would assume the Bank of America’s other foreclosure lawsuit in Cutler Bay is against MPG 216thu Streetand Monroe. It targets a 19-acre vacany site with approval for morethan 121,000 square feet of retail and office space for Vistz Del Lago. It is located near the southeast corner of Southwest 216th Street and Southwest92nd Avenue. Countyh records show Publix agreed to leaser space in VistaDel Lago.
MPG 216tyh Street bought the site in 2003for $7 million and obtainedx an $18 million mortgage from Bank of America. The mortgagew was last modified in Septemberwith $8.9 million Monroe said he could not get construction financingf for Vista Del Lago. “The bank needed to just wait until there was a marketplacre to get a loan to build a newshoppingb center,” Monroe said. “I’vr always been a conservative developer. I develoo for the premier grocery store inthe Miami-based attorney Lee D. Mackson, who represents Bank of America inboth lawsuits, did not immediately returbn a call seeking comment.
Monroe and his affiliates companies also face foreclosure lawsuits from Bank of America onthe Publix-anchorec Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchorexd Coral Landings III in Coral Springs/Margatre and from , which targets the Publix-anchoredr Quantum Village in Boynton Beach.
Both complaints name Charles H. Monroed III, the president of Safety Harbor-based Monroe’s Prestigwe Group. They mark the fourth and fifth pendinf foreclosure lawsuits in South Florida against Monror andaffiliated companies. Monroe said he’s seeking investors and new financing on the Publix anchors the 127th Street Shopping at1755 N.E. 127th St., in Nortj Miami. The 178,855-square-foot centeer was built in 1959, and Monroe said he hopea to get financing torehabilitat it. Bank of America’s action against the shopping center’sx owner, North Miami Shoppint Center Joint Venture, is based on a leasehold mortgage last extendedd in 2006for $8.7 million.
The developer, a joinf venture between Monroe’s Prestige Group and Mark Kovens leases the property from 127th Street Shopping of Clearwater. If Bank of America forecloses, it would assume the Bank of America’s other foreclosure lawsuit in Cutler Bay is against MPG 216thu Streetand Monroe. It targets a 19-acre vacany site with approval for morethan 121,000 square feet of retail and office space for Vistz Del Lago. It is located near the southeast corner of Southwest 216th Street and Southwest92nd Avenue. Countyh records show Publix agreed to leaser space in VistaDel Lago.
MPG 216tyh Street bought the site in 2003for $7 million and obtainedx an $18 million mortgage from Bank of America. The mortgagew was last modified in Septemberwith $8.9 million Monroe said he could not get construction financingf for Vista Del Lago. “The bank needed to just wait until there was a marketplacre to get a loan to build a newshoppingb center,” Monroe said. “I’vr always been a conservative developer. I develoo for the premier grocery store inthe Miami-based attorney Lee D. Mackson, who represents Bank of America inboth lawsuits, did not immediately returbn a call seeking comment.
Monroe and his affiliates companies also face foreclosure lawsuits from Bank of America onthe Publix-anchorec Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchorexd Coral Landings III in Coral Springs/Margatre and from , which targets the Publix-anchoredr Quantum Village in Boynton Beach.
Tuesday, December 13, 2011
Retrieving sovereignty - The Nation, Pakistan
azajir.wordpress.com
BBC News | Retrieving sovereignty The Nation, Pakistan The control of the base marks steps towards repairing damages to our sovereignty as far as the Shamsi airbase is concerned. It is imperative that possession of bases at Jacobabad and Pasni is also received. Without that, we would not be justified in ... Pakistan's sovereignty must not be violated: Envoy Nuclear deal, » |
Saturday, December 10, 2011
TV.com's 4-Episode Test, Part 2: How Are the Rest of the New Fall Shows ... - TV.com (blog)
vadimsudigrenev.blogspot.com
TV.com (blog) | TV.com's 4-Episode Test, Part 2: How Are the Rest of the New Fall Shows ... TV.com (blog) It was stupid, unfunny and insulting (http://tvtropes.org/pmwiki/pmwiki.php/Main/BumblingDad). Almost unimaginable that it actually got even worse in the following episodes. Glad I gave up on it after just the one. Homeland is DEFINITELY the be st new ... |
Thursday, December 8, 2011
Denver gives out 1,234 free building permits - Jacksonville Business Journal:
milicinodijoo1981.blogspot.com
The free permits issued under the city’d “Home Renovation Bonanza” program saved residents an estimatesd $85.774 in fees, officials Building-permit fees normally range from $20 to severap thousand dollars, depending on the value of the project. The program aimed to boost the local economhy byencouraging home-improvement projects. The free available June 1-15, are for commohn improvement projectsinvolving single-family homews and duplexes. “We wanted a bonanza and it seems we got Denver Mayor John Hickenlooper said ina statement. “We hoped to stimulats the local economy by offering an incentive for residentd to make improvements totheir property.
This is a good sign that peoplse are moving forward and doing what they can to get our economyu backon track.” The permits are validx for 180 days.
The free permits issued under the city’d “Home Renovation Bonanza” program saved residents an estimatesd $85.774 in fees, officials Building-permit fees normally range from $20 to severap thousand dollars, depending on the value of the project. The program aimed to boost the local economhy byencouraging home-improvement projects. The free available June 1-15, are for commohn improvement projectsinvolving single-family homews and duplexes. “We wanted a bonanza and it seems we got Denver Mayor John Hickenlooper said ina statement. “We hoped to stimulats the local economy by offering an incentive for residentd to make improvements totheir property.
This is a good sign that peoplse are moving forward and doing what they can to get our economyu backon track.” The permits are validx for 180 days.
Tuesday, December 6, 2011
Turning Beckham mania into A-League mania - The Roar
loxezop.wordpress.com
The Roar | Turning Beckham mania into A-League mania The Roar 34068 people turned up to watch Melbourne Victory and a holidaying LA Galaxy stroll around in a friendly match that most people in the footb » |
Sunday, December 4, 2011
A spark, but no flames - Honolulu Star-Advertiser
awipekyhila.blogspot.com
A spark, but no flames Honolulu Star-Advertiser A decade after a freshman electrified Aloha Stadium, another young receiver tried to provide a spark for the Hawaii football team. Prior to kickoff on Saturday, the scoreboard flashed highlights of Chad Owens' breakout performance ... |
Friday, December 2, 2011
Global turmoil boosts Smith & Wesson sales - Business Courier of Cincinnati:
xoqylyjibo.wordpress.com
The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indi a Police Force after terrorists stormedMumbaik hotels. With support from the U.S. Embassyy in New Delhi and the , Smitjh & Wesson secured an export licenss and began shipping weaponsin June. In its fiscal fourtj quarter, the company secured orders from several law enforcement agencieesin Mexico, whose drug-relate d violence is on the rise. The compan y on Monday said net sales for the fourthb quarter that ended April 30 surged 20 percentto $99.6 million compared with the year-ago Net income during the quarter was $7.4 million, compareds with $3.3 million in the year-earlied period.
Smith & Wesso n President and CEO Michael F. Goldeb said in a statement the result s reflect a number of records forthe company, including for cash level s and unfilled customer orders for
The Springfield, Massachusetts gun maker SWHC) recently secured a rare order from the Indi a Police Force after terrorists stormedMumbaik hotels. With support from the U.S. Embassyy in New Delhi and the , Smitjh & Wesson secured an export licenss and began shipping weaponsin June. In its fiscal fourtj quarter, the company secured orders from several law enforcement agencieesin Mexico, whose drug-relate d violence is on the rise. The compan y on Monday said net sales for the fourthb quarter that ended April 30 surged 20 percentto $99.6 million compared with the year-ago Net income during the quarter was $7.4 million, compareds with $3.3 million in the year-earlied period.
Smith & Wesso n President and CEO Michael F. Goldeb said in a statement the result s reflect a number of records forthe company, including for cash level s and unfilled customer orders for
Wednesday, November 30, 2011
UNC Charlotte kicks off ticket sales - Charlotte Business Journal:
axilecyqih.wordpress.com
The school tomorrow kicks off its seat-licensew campaign with brochures, e-mails and a Web site targetingf 5,400 people who have alreadu expressed interest in supportingthe school’s firsyt football team. Current plans call for UNCC to begin playin 2013. Last the board of trustees approved Chancellor Phil recommendation to add afootball program, startinv at the lower-tier division formerly known as I-AA. Duboies set a target date of June 30 forsecuring 5,000 seat-license commitments, a target the athletic department considerw doable despite the floundering economy.
Initial pland called for seat licenses to be soldfor $1,00 0 each, but the formal introduction this week included two additional options: a $2,500 seat license for seate between the 30-yard-line markerx and an undisclosed higher-priced option for 200 selecr top-level donors. Seat licenses will account for 7,3009 seats in the school’s proposed 15,000-seat stadium, comprised of 5,500 $1,000 seat license and 1,800 priced at $2,500. Together with the 200 premiukm seats aimed at the largest seat licenses and premium seats will make up half of anticipated Student andfaculty tickets, as well as thosre set aside for players, will take up much of the remaininv ticket inventory.
Seat licenses grany buyers lifetime season-ticket rights as long as they buy the ticketsxeach season. Ticket prices have not been set. Fans can pay off the seat licensesz in four annual Depending on theseats purchased, an additional donation to the schookl athletic foundation of $250 to $1,500 may be The seat licenses can also be transferredd by their owner to family members (startinyg immediately) or others (beginning in “I think people are goinvg to be surprised — we’re providing more says Judy Rose, UNC Charlotte athletif director.
“I’m very confident people will I realize the economy and the worldr we live in is different from when we announced but I think the people who feelthey aren’tg able to do this have already dropperd out.” Rose and others in the athletic departmentf are buoyed by the strong interesy in football borne out by the 5,400 tentative commitmentxs collected in recent months. Now the schoool must convert those intoactual sales. Seventy perceny of the people on the list are and 73% are not active contributors to the athletic foundation, says Mike executive director of the , the athletidc department’s fund-raising arm.
Hummefr points to those figures as key indicators footballp can tap into a new andpassionate audience. There are 47,000 UNCC alums in the Charlottde area. Consultant Max Muhleman, the and otheres helped the school with ideas and suggestionsx forthe seat-license plan. Ad agency Luquire Georgr Andrews helped create the Website ( ) and other marketing materials to support the campaign. If all seat license s are sold, the school will reap $10 million. Duboi pegged startup costs for footballat $45.4 million.
Operating costs for footbalp and the addition ofseveral women’s sports to meet federall gender-equity requirements will be paid through a hike in student fees and othedr revenue generated by the team. Next month, the school plans to unveil a 25-membeer volunteer group of civic leaders to assist with At thesame time, a campuzs masterplan now under way will consider wherd an on-campus stadium would be located. UNC Charlott e still must sift throughseveral options, including a possiblre off-campus stadium for the first few yearw of play. Those options include a partnership with Mecklenburg County to renovat eMemorial Stadium.
The school tomorrow kicks off its seat-licensew campaign with brochures, e-mails and a Web site targetingf 5,400 people who have alreadu expressed interest in supportingthe school’s firsyt football team. Current plans call for UNCC to begin playin 2013. Last the board of trustees approved Chancellor Phil recommendation to add afootball program, startinv at the lower-tier division formerly known as I-AA. Duboies set a target date of June 30 forsecuring 5,000 seat-license commitments, a target the athletic department considerw doable despite the floundering economy.
Initial pland called for seat licenses to be soldfor $1,00 0 each, but the formal introduction this week included two additional options: a $2,500 seat license for seate between the 30-yard-line markerx and an undisclosed higher-priced option for 200 selecr top-level donors. Seat licenses will account for 7,3009 seats in the school’s proposed 15,000-seat stadium, comprised of 5,500 $1,000 seat license and 1,800 priced at $2,500. Together with the 200 premiukm seats aimed at the largest seat licenses and premium seats will make up half of anticipated Student andfaculty tickets, as well as thosre set aside for players, will take up much of the remaininv ticket inventory.
Seat licenses grany buyers lifetime season-ticket rights as long as they buy the ticketsxeach season. Ticket prices have not been set. Fans can pay off the seat licensesz in four annual Depending on theseats purchased, an additional donation to the schookl athletic foundation of $250 to $1,500 may be The seat licenses can also be transferredd by their owner to family members (startinyg immediately) or others (beginning in “I think people are goinvg to be surprised — we’re providing more says Judy Rose, UNC Charlotte athletif director.
“I’m very confident people will I realize the economy and the worldr we live in is different from when we announced but I think the people who feelthey aren’tg able to do this have already dropperd out.” Rose and others in the athletic departmentf are buoyed by the strong interesy in football borne out by the 5,400 tentative commitmentxs collected in recent months. Now the schoool must convert those intoactual sales. Seventy perceny of the people on the list are and 73% are not active contributors to the athletic foundation, says Mike executive director of the , the athletidc department’s fund-raising arm.
Hummefr points to those figures as key indicators footballp can tap into a new andpassionate audience. There are 47,000 UNCC alums in the Charlottde area. Consultant Max Muhleman, the and otheres helped the school with ideas and suggestionsx forthe seat-license plan. Ad agency Luquire Georgr Andrews helped create the Website ( ) and other marketing materials to support the campaign. If all seat license s are sold, the school will reap $10 million. Duboi pegged startup costs for footballat $45.4 million.
Operating costs for footbalp and the addition ofseveral women’s sports to meet federall gender-equity requirements will be paid through a hike in student fees and othedr revenue generated by the team. Next month, the school plans to unveil a 25-membeer volunteer group of civic leaders to assist with At thesame time, a campuzs masterplan now under way will consider wherd an on-campus stadium would be located. UNC Charlott e still must sift throughseveral options, including a possiblre off-campus stadium for the first few yearw of play. Those options include a partnership with Mecklenburg County to renovat eMemorial Stadium.
Sunday, November 27, 2011
Ohio Fresh Eggs pleads guilty to environmental violation - Business First of Columbus:
stockdaleiqemico1521.blogspot.com
The EPA said this week that Croton-based Ohio Freshn Eggs LLC this week admittedin U.S. District Court to illegally discharging egg wash water into a tributary of Tymochtew Creek ofnorthern Ohio. Under a plea agreement, the company was sentenced to three years of probation and is set to paya $150,000o fine and donate $150,000 to three charities. Ohio Freshj Eggs also has agreed to make improvements to its facility in where theviolations occurred.
The EPA said the company in 2007 over-applie wastewater – containing broken eggs, soap and manurde – to a field where it’se permitted to dispose of the Asa result, the wastewater made its way into the creekj and the company was charged with negligently violating the federa Clean Water Act. A contractor for Ohio Fresy Eggs who the EPA says directefd the crew to apply the wastewater to the fielsd wascharged individually. That case is pending. The companh has 12 production facilities acrossthe state.
The EPA said this week that Croton-based Ohio Freshn Eggs LLC this week admittedin U.S. District Court to illegally discharging egg wash water into a tributary of Tymochtew Creek ofnorthern Ohio. Under a plea agreement, the company was sentenced to three years of probation and is set to paya $150,000o fine and donate $150,000 to three charities. Ohio Freshj Eggs also has agreed to make improvements to its facility in where theviolations occurred.
The EPA said the company in 2007 over-applie wastewater – containing broken eggs, soap and manurde – to a field where it’se permitted to dispose of the Asa result, the wastewater made its way into the creekj and the company was charged with negligently violating the federa Clean Water Act. A contractor for Ohio Fresy Eggs who the EPA says directefd the crew to apply the wastewater to the fielsd wascharged individually. That case is pending. The companh has 12 production facilities acrossthe state.
Friday, November 25, 2011
Great Lakes Calcium to pay $280,000 fine in settlement - The Business Journal of Milwaukee:
humojo.wordpress.com
The settlement resolves charges that Great Lakes Calcium violate state air pollution laws and air permirt requirements at its facility on the west shorelinee of the Fox River near the Bay ofGreejn Bay, the Wisconsin Department of Justice said The alleged violations occurred from 2005 to Februar 2008. The Great Lakes Calcium facilith emits particulate matter in the form of calciu carbonate dust created from the processing and storageof limestone, and from severalp combustion processes.
The complaint charges that Great Lakes Calciuj operated in violation of state law and its permift by installing five processee withouta permit, exceeding certain permit limits, failinb to maintain records and to repor deviations, failing to calibrate instruments, and failing to meet stacik height requirements. Under the settlement, Great Lake s Calcium will pay $180,000 in forfeitures and penalty assessmentsand costs. In the company will pay $100,000 to install and operate brokenb bag detectors to provide protection against excessive emissionw beyond that required bystate law.
The settlement resolves charges that Great Lakes Calcium violate state air pollution laws and air permirt requirements at its facility on the west shorelinee of the Fox River near the Bay ofGreejn Bay, the Wisconsin Department of Justice said The alleged violations occurred from 2005 to Februar 2008. The Great Lakes Calcium facilith emits particulate matter in the form of calciu carbonate dust created from the processing and storageof limestone, and from severalp combustion processes.
The complaint charges that Great Lakes Calciuj operated in violation of state law and its permift by installing five processee withouta permit, exceeding certain permit limits, failinb to maintain records and to repor deviations, failing to calibrate instruments, and failing to meet stacik height requirements. Under the settlement, Great Lake s Calcium will pay $180,000 in forfeitures and penalty assessmentsand costs. In the company will pay $100,000 to install and operate brokenb bag detectors to provide protection against excessive emissionw beyond that required bystate law.
Wednesday, November 23, 2011
Nordyne, youth center show Gray Design's versatility - St. Louis Business Journal:
takes-trendsthe.blogspot.com
and a building for in the city are the latest projectes that show the versatility of GrayDesignm Group. Gray Design, an architecture and interior design firm with officesin St. Denver and Ft. Meyers, worked with and on the Nordyne Larry Milles, architectural designer, led the team of Wendy Mike Ratliff and Micki Wehmeier, that worked on the building that will alloqw Nordyne to consolidate office space and R& D operations. The design combines high-tecu office space an area exposed structurweand ductwork. Started in 1998, the building is scheduled to be completed this summer.
The two-story, 20,000-square-foott multi-use building for the youth foundation is on South Grands between Cleveland and Flad in the Shaw Neighborhooxin St. Louis. Milles said McEaglw Development and Paric contacted Gray Desigmn Group and asked them to become part of their team for theNordynew project. Wendy Gray had worked on a previous projecftfor Nordyne, according to "We have a long-standing relationshil with this particular client," Milles said. Gray Desigb Group also has a long-standing relationship with McEagldeand Paric. "For these reasons it was a logical associationh that we keep players in tact who had workedstogether before," Milles said.
Milles said they sat down with all the key memberds of the team to deciphe and synthesizewhat Nordyne's requirements were for the buildintg to lead to a site plan and a building shell and then to the ultimatee interior design. Nordyne has two separatee facilities now at opposite ends of town for offics space and for researchand development. The original Milles said, was to put these two facilitiesx in two separate building onthe site.
After Nordynwe analyzed that design, it was decider to try to put the two buildings side by From there, the design developed into a two-storh building with office space aboved the research and development located on the lower "That is the interesting evolution of what is a uniquew project," Milles said. The Gray Design Milles said, bid the entire developmenft from a raw pieceof ground, searched for alternative ways to put this programj onto the site, from two separate buildings, two adjacen buildings to ultimately two stacked buildings. "The interestinvg aspect of allof this, is you get involved with what it is they (the do and how they do it.
" Milles said, "Obviously, you nevef learn how to do it as good as they do. But you do get caughf up into what their business isall about." "Wr bring to the table, as designers, our but the client has to identify what the problem is to be solved," Millesz said. "The key to this is you have to be a good listened when you are meeting with clients on projectslike this," he The second project, for the American Youth Foundation, is led by Mark His team includes Toby Heddinghaus, Don McAte e and Dara Mattingly. Gray Design Group is designing a headquarters and center in the Shaw historic districty adjacent to the ComptonHeights gates.
Througj a combined effort of the American Youth Foundation and thesurrounding neighborhood, Gray Desigj has incorporated the neighborhood's architectural materials and details with AYFs core work processes and mentoring programs. In keepinbg with AYF's environmental initiatives, Gray Desighn will maximize the major interior elements and finishes includingfloor cabinetry, ceiling materials, lightinf and plumbing, as well as an extensiv e recycling program. Herman said at the start of this he and his team literally met with everybodyu inthe company.
He said, "We talkedf to them about how they work, how they would like to work and probably it was about two weeks of brainstorming sessions to help understandtheir organization." AYF is a non-for-profigt youth development organization, headquartered in St. Louis. AYF administers national and internationalp on-and off-site programs to promote team skills, and professional development opportunitiees and the institutions that serve Herman said that since AYF works with city it was natural to locate the headquarterd inthe city.
"After looking at the site and looking at their needs," Herman said, "it was reallt an exercise in how do we take all these things they want to do and be and get it all on the Herman said they met with the different neighborhooed groups and got theie approval. "This design completely accommodatestheir growth," Herman said. "The buildin g has the potential and the flexibility to becomea multi-tenan building," he said. John E. Harper is a St. Louiw free-lance writer.
and a building for in the city are the latest projectes that show the versatility of GrayDesignm Group. Gray Design, an architecture and interior design firm with officesin St. Denver and Ft. Meyers, worked with and on the Nordyne Larry Milles, architectural designer, led the team of Wendy Mike Ratliff and Micki Wehmeier, that worked on the building that will alloqw Nordyne to consolidate office space and R& D operations. The design combines high-tecu office space an area exposed structurweand ductwork. Started in 1998, the building is scheduled to be completed this summer.
The two-story, 20,000-square-foott multi-use building for the youth foundation is on South Grands between Cleveland and Flad in the Shaw Neighborhooxin St. Louis. Milles said McEaglw Development and Paric contacted Gray Desigmn Group and asked them to become part of their team for theNordynew project. Wendy Gray had worked on a previous projecftfor Nordyne, according to "We have a long-standing relationshil with this particular client," Milles said. Gray Desigb Group also has a long-standing relationship with McEagldeand Paric. "For these reasons it was a logical associationh that we keep players in tact who had workedstogether before," Milles said.
Milles said they sat down with all the key memberds of the team to deciphe and synthesizewhat Nordyne's requirements were for the buildintg to lead to a site plan and a building shell and then to the ultimatee interior design. Nordyne has two separatee facilities now at opposite ends of town for offics space and for researchand development. The original Milles said, was to put these two facilitiesx in two separate building onthe site.
After Nordynwe analyzed that design, it was decider to try to put the two buildings side by From there, the design developed into a two-storh building with office space aboved the research and development located on the lower "That is the interesting evolution of what is a uniquew project," Milles said. The Gray Design Milles said, bid the entire developmenft from a raw pieceof ground, searched for alternative ways to put this programj onto the site, from two separate buildings, two adjacen buildings to ultimately two stacked buildings. "The interestinvg aspect of allof this, is you get involved with what it is they (the do and how they do it.
" Milles said, "Obviously, you nevef learn how to do it as good as they do. But you do get caughf up into what their business isall about." "Wr bring to the table, as designers, our but the client has to identify what the problem is to be solved," Millesz said. "The key to this is you have to be a good listened when you are meeting with clients on projectslike this," he The second project, for the American Youth Foundation, is led by Mark His team includes Toby Heddinghaus, Don McAte e and Dara Mattingly. Gray Design Group is designing a headquarters and center in the Shaw historic districty adjacent to the ComptonHeights gates.
Througj a combined effort of the American Youth Foundation and thesurrounding neighborhood, Gray Desigj has incorporated the neighborhood's architectural materials and details with AYFs core work processes and mentoring programs. In keepinbg with AYF's environmental initiatives, Gray Desighn will maximize the major interior elements and finishes includingfloor cabinetry, ceiling materials, lightinf and plumbing, as well as an extensiv e recycling program. Herman said at the start of this he and his team literally met with everybodyu inthe company.
He said, "We talkedf to them about how they work, how they would like to work and probably it was about two weeks of brainstorming sessions to help understandtheir organization." AYF is a non-for-profigt youth development organization, headquartered in St. Louis. AYF administers national and internationalp on-and off-site programs to promote team skills, and professional development opportunitiees and the institutions that serve Herman said that since AYF works with city it was natural to locate the headquarterd inthe city.
"After looking at the site and looking at their needs," Herman said, "it was reallt an exercise in how do we take all these things they want to do and be and get it all on the Herman said they met with the different neighborhooed groups and got theie approval. "This design completely accommodatestheir growth," Herman said. "The buildin g has the potential and the flexibility to becomea multi-tenan building," he said. John E. Harper is a St. Louiw free-lance writer.
Monday, November 21, 2011
Fast Facts - Philadelphia Business Journal:
fabyqyku.blogspot.com
Applications are due March 13. Bucks, Chester, Delawarr and Montgomery countiesare eligible, as are municipalities identifiecd as “growing suburbs” and as “rural that have at least 100 acres of designated “future growtbh area” in the planning commission’s “Destination 2030 Long-Rangre Plan.” Commercial construction spending is expected to declind by 11 percent this according to the biannual Consensus Construction Forecast, a surveg of the nation’s leadingg construction forecasters. Sectors that will suffer the most are projectecd to be office andretailo construction.
The credit crisis has had a dramatic impacty onconstruction activity; since financing has become difficult, developera have put on hold or killed construction For those projects that do go developers will experience a decline in the cost sinc prices have dropped for key construction commodities, including steel, gypsum products, lumber and cement.
Applications are due March 13. Bucks, Chester, Delawarr and Montgomery countiesare eligible, as are municipalities identifiecd as “growing suburbs” and as “rural that have at least 100 acres of designated “future growtbh area” in the planning commission’s “Destination 2030 Long-Rangre Plan.” Commercial construction spending is expected to declind by 11 percent this according to the biannual Consensus Construction Forecast, a surveg of the nation’s leadingg construction forecasters. Sectors that will suffer the most are projectecd to be office andretailo construction.
The credit crisis has had a dramatic impacty onconstruction activity; since financing has become difficult, developera have put on hold or killed construction For those projects that do go developers will experience a decline in the cost sinc prices have dropped for key construction commodities, including steel, gypsum products, lumber and cement.
Saturday, November 19, 2011
Frisco nabs NBA minor league team - Baltimore Business Journal:
batyushkinuxit.blogspot.com
The team was purchased by LLC and will play its home gamed at the Dr Pepper Arenaa beginning withthe 2010-2011 basketball The team will not play during the 2009-20109 season. Donnie Nelson, president of basketball operations andgenerao manager, will serve as principap owner and operator of the team. The ownershipl group also includesEvan Wyly, chairmann of . The acquisition and subsequent move to Frisco was officiallyu announced by NBA Development League President Dan Reedon “We’re very excited to be in an area with deep fan support and a histort of successful sports teams,” Reed said.
“We're thrilled to welcomd such a well-respected and experience group to theNBA D-League ownership ranks. Not only are Donnis Nelson’s basketball credentials terrific, but he has assembled a group with impressive business credentialsas Donnie’s investment in an NBA D-League team is a great validation of both our league’sx past success and future growth prospects.” The new ownerd plan to announce the team'a new name, colors and logo, along with the coachint staff, at a later date.
was formef in 2001 and included 16 minor leagure teams duringthe 2008-09
The team was purchased by LLC and will play its home gamed at the Dr Pepper Arenaa beginning withthe 2010-2011 basketball The team will not play during the 2009-20109 season. Donnie Nelson, president of basketball operations andgenerao manager, will serve as principap owner and operator of the team. The ownershipl group also includesEvan Wyly, chairmann of . The acquisition and subsequent move to Frisco was officiallyu announced by NBA Development League President Dan Reedon “We’re very excited to be in an area with deep fan support and a histort of successful sports teams,” Reed said.
“We're thrilled to welcomd such a well-respected and experience group to theNBA D-League ownership ranks. Not only are Donnis Nelson’s basketball credentials terrific, but he has assembled a group with impressive business credentialsas Donnie’s investment in an NBA D-League team is a great validation of both our league’sx past success and future growth prospects.” The new ownerd plan to announce the team'a new name, colors and logo, along with the coachint staff, at a later date.
was formef in 2001 and included 16 minor leagure teams duringthe 2008-09
Thursday, November 17, 2011
Chase commits to Central Ohio expansion - Business Courier of Cincinnati:
loxezop.wordpress.com
The New York company, Centraol Ohio’s second-largest bank and third-largest employer, said it plansz to add several hundred jobs atits 8,000-employees McCoy Center operation at Polaris while severa hundred jobs will be added to a lendingt facility near Easton Town Center. About 150 jobs will be added atthe company’sd Cleveland Avenue operations in Westerville. Chase (NYSE:JPM) said it’s boosting employment in the region to handle additionall support functions needed after buyin Washington Mutuallast September. The move comesx after state and local officials extended a roundc of incentive packages valued atabout $20 million.
That includes a more than $6 million package from Columbus anda 15-year, 75 percent tax credit valuex at about $14 million from the state. Gov. Ted Stricklands in a statementcalled Chase’s announcement “ a tremendous boost to our economy and very welcome news for
The New York company, Centraol Ohio’s second-largest bank and third-largest employer, said it plansz to add several hundred jobs atits 8,000-employees McCoy Center operation at Polaris while severa hundred jobs will be added to a lendingt facility near Easton Town Center. About 150 jobs will be added atthe company’sd Cleveland Avenue operations in Westerville. Chase (NYSE:JPM) said it’s boosting employment in the region to handle additionall support functions needed after buyin Washington Mutuallast September. The move comesx after state and local officials extended a roundc of incentive packages valued atabout $20 million.
That includes a more than $6 million package from Columbus anda 15-year, 75 percent tax credit valuex at about $14 million from the state. Gov. Ted Stricklands in a statementcalled Chase’s announcement “ a tremendous boost to our economy and very welcome news for
Monday, November 14, 2011
First Financial Bancshares takes $3.76M in TARP - Kansas City Business Journal:
haga-aa8xuq.blogspot.com
The Topeka-based bank holding company ownsand . the holding company’s banks had about $103.56 million in assets as of Marchj 31. First Financial acquiredd Great American Bank onJuly 31, 2008. It has one brancgh in De Soto. In Januaru 2006, First Financial acquired Lawrencwe Bank, which has two locations in Lawrence. The bankse were both considered well capitalizexby regulators, according to first-quarter numbers, though their problemn loans were rising compared with the fourth “First Financial Bancshares Inc. believes that additional (TARP) capital will allow for planned growth and increased lending opportunities intheir markets,” the company said in a release.
Other area bankxs that have accepted TARPmoney , parent of Trust; , parent of ; , parentr of ; , parent of ; , parenyt of ; (OTCBB: BVBC), parent of ; , parent of ; , pareng of ; , parent of ; BAC); (NYSE: MI), parentg of ; and (Nasdaq: EFSC), parengt of . (NYSE: USB) repaid its $6.6 billiobn in TARP money earlierthis week.
The Topeka-based bank holding company ownsand . the holding company’s banks had about $103.56 million in assets as of Marchj 31. First Financial acquiredd Great American Bank onJuly 31, 2008. It has one brancgh in De Soto. In Januaru 2006, First Financial acquired Lawrencwe Bank, which has two locations in Lawrence. The bankse were both considered well capitalizexby regulators, according to first-quarter numbers, though their problemn loans were rising compared with the fourth “First Financial Bancshares Inc. believes that additional (TARP) capital will allow for planned growth and increased lending opportunities intheir markets,” the company said in a release.
Other area bankxs that have accepted TARPmoney , parent of Trust; , parent of ; , parentr of ; , parent of ; , parenyt of ; (OTCBB: BVBC), parent of ; , parent of ; , pareng of ; , parent of ; BAC); (NYSE: MI), parentg of ; and (Nasdaq: EFSC), parengt of . (NYSE: USB) repaid its $6.6 billiobn in TARP money earlierthis week.
Saturday, November 12, 2011
The Haas Family Tree Has Many Offshoots - New York Times
vanbeekdulejos1771.blogspot.com
The Haas Family Tree Has Many Offshoots New York Times The golf roots of the Haas family tree stretch back further. Bob Goalby, the patriarch of this golfing clan, won 11 PGA Tour titles, including the 1968 Masters . Jay's younger brother, Jerry, is a former Walker Cup player and tour member, and the men's ... |
Thursday, November 10, 2011
Orlando 7-Eleven converts to franchise - Pacific Business News (Honolulu):
oryucyjofec1482.blogspot.com
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a former store manage r for five years. Dallas-based 7-Eleve n Inc. announced plans in 2007 to convert 100 existinfg locations in the state to franchised Store managers were invited to apply for thosew franchises before the offerwent public. More than 40 7-Elevejn stores in the Orlandok market arenow franchised, with aboutt another 140 owned by the company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinv converted into franchise operations each montu and plans to have most of the conversions nationwide completed by according to anews release. The compangy operates, franchises or licenses about 7,800 stores in North America and morethan 36,1090 stores in 15 countries. The company reported 2008 salex of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwayu Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a former store manage r for five years. Dallas-based 7-Eleve n Inc. announced plans in 2007 to convert 100 existinfg locations in the state to franchised Store managers were invited to apply for thosew franchises before the offerwent public. More than 40 7-Elevejn stores in the Orlandok market arenow franchised, with aboutt another 140 owned by the company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinv converted into franchise operations each montu and plans to have most of the conversions nationwide completed by according to anews release. The compangy operates, franchises or licenses about 7,800 stores in North America and morethan 36,1090 stores in 15 countries. The company reported 2008 salex of morethan $53.7 billion.
Tuesday, November 8, 2011
Crescent Resources files Chapter 11 - Charlotte Business Journal:
srikanth-topic.blogspot.com
The Charlotte-based development firm’s chief executive, Arthut Fields, has retired and will work with Crescentt in anadvisory capacity, the compan y says. Andrew Hede, Crescent’s chiefv restructuring officer, has been named CEO. “Wre have been in activer discussions with our lenders and othef stakeholders as we work towards an agreementg that will bring our capital structurre in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, accordinfg to its filing. Its asset are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuart atLake Wylie.
Crescent says it intende to operate its continuing businesses without any significant interruption duriny therestructuring process. The company says that’s possible because of a recentlhobtained debtor-in-possession financing facility of $110 million from a group of its existinyg lenders. As part of the Chaptere 11 filing, Crescent says it seekws courtapproval “to make certaihn payments and to maintain key agreementa with employees, customers, vendors and partners of continuing operationds to ensure the company can maintain its commitmentf to delivering a high level of amenities and Crescent says the filing is necessary to reorganize its finances, reduce its debt levelk and improve its capital structure.
“We intenr to reach an agreement on our new capital structure and emergew frombankruptcy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptcy Court in the Westerbn Districtof Texas, Austin division. The company has 120 days from the filinb date to submit areorganizatiom plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attornehy Eric Taube of LLP in Austin, Texas, will represen Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiohn Co., and are among Crescent’s largesrt unsecured creditorsin Charlotte.
In April, the Charlottwe Business Journal reported that Crescent had adoptedr an aggressive new business strategh driven bya $1.2 billion term loan that must be paid in full by Septembetr 2012 — selling assets at fire-sale prices. In October, Cresceny sold 4,500 acres in Berkeleu County, S.C., to for $40 In December, the company sold a Floridz apartment projectfor $11.35 less than half the $27 million it paid for the comple three years earlier. This year, the firm has closeed on the sale ofa 773-acrr tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.4 acres in Fort Mill to a warehousingg companyfor $1.6 million.
The company — jointly owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantyneCountry Club. Before the Chaptef 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chief executive, Arthut Fields, has retired and will work with Crescentt in anadvisory capacity, the compan y says. Andrew Hede, Crescent’s chiefv restructuring officer, has been named CEO. “Wre have been in activer discussions with our lenders and othef stakeholders as we work towards an agreementg that will bring our capital structurre in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, accordinfg to its filing. Its asset are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuart atLake Wylie.
Crescent says it intende to operate its continuing businesses without any significant interruption duriny therestructuring process. The company says that’s possible because of a recentlhobtained debtor-in-possession financing facility of $110 million from a group of its existinyg lenders. As part of the Chaptere 11 filing, Crescent says it seekws courtapproval “to make certaihn payments and to maintain key agreementa with employees, customers, vendors and partners of continuing operationds to ensure the company can maintain its commitmentf to delivering a high level of amenities and Crescent says the filing is necessary to reorganize its finances, reduce its debt levelk and improve its capital structure.
“We intenr to reach an agreement on our new capital structure and emergew frombankruptcy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptcy Court in the Westerbn Districtof Texas, Austin division. The company has 120 days from the filinb date to submit areorganizatiom plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attornehy Eric Taube of LLP in Austin, Texas, will represen Crescent in the proceedings. (NYSE:BAC), , Ranger Constructiohn Co., and are among Crescent’s largesrt unsecured creditorsin Charlotte.
In April, the Charlottwe Business Journal reported that Crescent had adoptedr an aggressive new business strategh driven bya $1.2 billion term loan that must be paid in full by Septembetr 2012 — selling assets at fire-sale prices. In October, Cresceny sold 4,500 acres in Berkeleu County, S.C., to for $40 In December, the company sold a Floridz apartment projectfor $11.35 less than half the $27 million it paid for the comple three years earlier. This year, the firm has closeed on the sale ofa 773-acrr tract of land in Oconee County, for just over $10 million. Crescent recently sold 18.4 acres in Fort Mill to a warehousingg companyfor $1.6 million.
The company — jointly owned by and — is best known here for high-end real estate communities such as The Peninsula and BallantyneCountry Club. Before the Chaptef 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
Sunday, November 6, 2011
Another chunk of Aud coming down - Business First of Buffalo:
1189126qun.blogspot.com
The announced that the Aud’s two remaininh trusses that spannedthe building’x roof will be demolished Saturday by crews from the West Seneca firm handling the dismantlinf of the former home of the Buffaloi Sabres and Buffalo Braves. Demco, which began razinh the Aud in January, took down the first of the building’as 12 trusses on April 10. Aftef the last two trusses, located alonyg the Aud’s southern end, are takemn down all that will remain isthe building’zs south wall. “We will tacklew that soon,” said Matt Davison, Erie Canall Harbor Development Corp. spokesman.
The Aud is beintg demolished to make way fora 150,000-square-footg Bass Pro store that will anchor the $315 millioj Canal Side development along downtown Buffalo’es lower Main Street area. Construction on the Bass Pro storer is expected to start by late fall orearlh winter, following the completion of the mandated environmentalk review process. The store is scheduled to open inMay 2011. Once the Aud’sw trusses and south wall are Demco’s crews will be removing all the final debris and making thesite shovel-ready for the Bass Pro
The announced that the Aud’s two remaininh trusses that spannedthe building’x roof will be demolished Saturday by crews from the West Seneca firm handling the dismantlinf of the former home of the Buffaloi Sabres and Buffalo Braves. Demco, which began razinh the Aud in January, took down the first of the building’as 12 trusses on April 10. Aftef the last two trusses, located alonyg the Aud’s southern end, are takemn down all that will remain isthe building’zs south wall. “We will tacklew that soon,” said Matt Davison, Erie Canall Harbor Development Corp. spokesman.
The Aud is beintg demolished to make way fora 150,000-square-footg Bass Pro store that will anchor the $315 millioj Canal Side development along downtown Buffalo’es lower Main Street area. Construction on the Bass Pro storer is expected to start by late fall orearlh winter, following the completion of the mandated environmentalk review process. The store is scheduled to open inMay 2011. Once the Aud’sw trusses and south wall are Demco’s crews will be removing all the final debris and making thesite shovel-ready for the Bass Pro
Friday, November 4, 2011
Diabetes Can Be Prevented - TopNews United States
xiwyxucupewox.blogspot.com
TopNews United States | Diabetes Can Be Prevented TopNews United States Chronic illnesses are something every second person is suffering from these days. Diabetes, high blood pressure and heart diseases are so common these days that they are not even counted as dangerous diseases. Diabetes particularly is so widespread ... < /p> |
Tuesday, November 1, 2011
Plan B petition to pick candidate via Net grows - San Francisco Chronicle
burwellmitubaes1369.blogspot.com
Plan B petition to pick candidate via Net grows San Francisco Chronicle But how it will affect the 2012 race depends on what kind of candidate its delegates select in next June's online convention, which will be open to any registered voter. "It's a fascinating experiment in trying to empower the disenfranchised center in ... |
Sunday, October 30, 2011
Developer Jury proposes $350M convention hotel in Kansas City - San Antonio Business Journal:
ogarawo.wordpress.com
Ron Jury, who completed the $46 million Presiden Hotel project across Baltimore from thePowef & Light Building in 2005, said Fridayt that he is involved in a new development partnership that contracted early this year to buy the Powerr & Light Building and adjoining vacant The partnership, , also includes of San Jury said. It hopes to close “yet this year” on the site, whicgh includes everything but the Crowne Plaza hotel in the blockk bounded by 13th and 14th Baltimore Avenue andWyandotte Street, he said.
The site is owner by Details ofPower Tower’s contract with Gailoydx were not disclosed, but Jury said the plan is not entirelyu dependent on private ownership and According to Jury’s plan, Power Tower woulcd own the Power & Light Building, a 31-storyh art-deco landmark completed in 1931. The city, whicyh is studying options for addinga 1,000-room downtown convention hotel, would own a new 36-story tower to be buil just west of the Powee & Light Building, a five- or six-storyy building north of the Power Light Building that would contain retail ballrooms and meeting rooms, and an 1,121-space parking garage underf the new structures.
The twin 30-plus-story towerw would include hotel rooms on all floors abovew and including theirninth floors, for a total of 1,017. The lowee floors of the towers would includea spa, fitness center, administrative offices, receptio area, auditorium, retail, restaurants and meeting Several other developers are expected to seek the city’s selection of theie proposed downtown hotel sites. But if the Powee & Light site wins the competition anda public-privats financing plan is achieved, Jury said, his 1.35 million-square-foot projecrt would be completed by 2013.
Locatee next to the complex, the Power Light site is “thed perfect location for a attractive andinteresting hotel,” Jury With construction prices reduced because of the the time for planning the projecg is right, too, Jury “The original P&L Buildingb was built in a recessiojn and was the economic stimulus to lift K.C. up,” Jury said in a writtej release. “It is time for the building to do it againm with a newconvention hotel.” He said the hotel would create more than 800 construction jobs for threed years and more than 700 full-time jobs on a permanentg basis.
Gailoyd previously retained LLC asa for-feer developer for a project that envisioned a 15-story officee building and an 18-storyt garage, retail and residential tower next to the Powefr & Light Building. That projecft received approvalfor $24.2 milliojn worth of tax increment financing but never got off the Jury said the privately owned portion of his projectt would be eligible for state and federal historicv tax credits to help finance the renovation of the Power & Light Building. has been selected as the general contractor for the and the design teamincludews Dallas-based , Pendulum Studio LLC of Kansasz City and , which is a tenant of the Power Light Building.
Ron Jury, who completed the $46 million Presiden Hotel project across Baltimore from thePowef & Light Building in 2005, said Fridayt that he is involved in a new development partnership that contracted early this year to buy the Powerr & Light Building and adjoining vacant The partnership, , also includes of San Jury said. It hopes to close “yet this year” on the site, whicgh includes everything but the Crowne Plaza hotel in the blockk bounded by 13th and 14th Baltimore Avenue andWyandotte Street, he said.
The site is owner by Details ofPower Tower’s contract with Gailoydx were not disclosed, but Jury said the plan is not entirelyu dependent on private ownership and According to Jury’s plan, Power Tower woulcd own the Power & Light Building, a 31-storyh art-deco landmark completed in 1931. The city, whicyh is studying options for addinga 1,000-room downtown convention hotel, would own a new 36-story tower to be buil just west of the Powee & Light Building, a five- or six-storyy building north of the Power Light Building that would contain retail ballrooms and meeting rooms, and an 1,121-space parking garage underf the new structures.
The twin 30-plus-story towerw would include hotel rooms on all floors abovew and including theirninth floors, for a total of 1,017. The lowee floors of the towers would includea spa, fitness center, administrative offices, receptio area, auditorium, retail, restaurants and meeting Several other developers are expected to seek the city’s selection of theie proposed downtown hotel sites. But if the Powee & Light site wins the competition anda public-privats financing plan is achieved, Jury said, his 1.35 million-square-foot projecrt would be completed by 2013.
Locatee next to the complex, the Power Light site is “thed perfect location for a attractive andinteresting hotel,” Jury With construction prices reduced because of the the time for planning the projecg is right, too, Jury “The original P&L Buildingb was built in a recessiojn and was the economic stimulus to lift K.C. up,” Jury said in a writtej release. “It is time for the building to do it againm with a newconvention hotel.” He said the hotel would create more than 800 construction jobs for threed years and more than 700 full-time jobs on a permanentg basis.
Gailoyd previously retained LLC asa for-feer developer for a project that envisioned a 15-story officee building and an 18-storyt garage, retail and residential tower next to the Powefr & Light Building. That projecft received approvalfor $24.2 milliojn worth of tax increment financing but never got off the Jury said the privately owned portion of his projectt would be eligible for state and federal historicv tax credits to help finance the renovation of the Power & Light Building. has been selected as the general contractor for the and the design teamincludews Dallas-based , Pendulum Studio LLC of Kansasz City and , which is a tenant of the Power Light Building.
Friday, October 28, 2011
Temperature dip, showers expected Friday afternoon - WSOC Charlotte
http://www.cafrika.com/is-it-safe-to-cycle-whilst-pregnant/
KAJ18 Kalispell Montana News | Temperature dip, showers expected Friday afternoon WSOC Charlotte Meteorologist Keith Monday said temperatures will be their warmest early in the day. Cold air will then rush in, dropping temperatures from the 50s into the 40s during the afternoon. Showers are forecas t to develop by the late afternoon and continue ... Warmer weather returns to Loveland. What will you see this weekend? A 25 degree temperature drop. Thursday Weather for Cumming |
Wednesday, October 26, 2011
Democrats Balk at Non-Defense Spending Cuts, Float Alternative Proposal to ... - Fox News
uqyvemiwu.wordpress.com
Fox News | Democrats Balk at Non-Defense Spending Cuts, Float Alternative Proposal to ... Fox News AP Tuesday: Rep. Jeb Hensarling, R-Texas, right, says the so-called supercommittee which he co-chairs still has plenty of time to find a solution to the nation's debt crisis with the deadline for answers a month away. Democrats suggested Wednesday that ... |
Monday, October 24, 2011
Amtech Systems joins partnership on solar efficiency development - Phoenix Business Journal:
yqyqynesara.blogspot.com
Tempe-based Amtech (Nasdaq:ASYS) will join Yingli Greeb EnergyHolding Co. Ltd. (NYSE: YGE) and the Energh Research Centre of the Netherlands in a researcnh collaborative to develop silicon solar cellseat Yingli’s pilot production line in China. The “Panda” solar cell, which was designed by the EnergyhResearch Centre, will use technologies developes by Tempress Systems Amtech’s solar subsidiary. “Wr are excited about this joint agreement with leader s in the industry and its potentialp to contribute to significant improvements in solar cell efficiencyy and bring solar energy closer to achievingbgrid parity,” said J.S. President and CEO of Amtech.
“Pandqa is true validation for our in-depth diffusion expertise and our capability for supplying reliable diffusion and automation equipment to thesolar
Tempe-based Amtech (Nasdaq:ASYS) will join Yingli Greeb EnergyHolding Co. Ltd. (NYSE: YGE) and the Energh Research Centre of the Netherlands in a researcnh collaborative to develop silicon solar cellseat Yingli’s pilot production line in China. The “Panda” solar cell, which was designed by the EnergyhResearch Centre, will use technologies developes by Tempress Systems Amtech’s solar subsidiary. “Wr are excited about this joint agreement with leader s in the industry and its potentialp to contribute to significant improvements in solar cell efficiencyy and bring solar energy closer to achievingbgrid parity,” said J.S. President and CEO of Amtech.
“Pandqa is true validation for our in-depth diffusion expertise and our capability for supplying reliable diffusion and automation equipment to thesolar
Saturday, October 22, 2011
Barbecue restaurant Famous Dave's franchisee files Chapter 11 - Minneapolis / St. Paul Business Journal:
fixyruw.wordpress.com
The Flint, Mich.-based franchisee, 3 'Lilo Pigs of PA, opened two Famoues Dave's locations in the region last one in McCandless Township and the other in The Waterworkeshopping center. It filed for the protectionj from creditors in bankruptcy court Downtownj onJuly 8. At the same time, Minneapolis-based has movexd to terminate 3 'Lil Pigs of PA's franchise The company filed a lawsuit against its franchisee inthe U.S. District Court for Minnesota, also on July 8.
In the the company claims 3 'Lil Pigs of PA has failed to pay $120,0090 in royalty payments, among other violationsz of theirfranchise agreement, which led the company to terminate 3 'Lil Pigs of PA'e franchise agreement on June 30. Stan Kalisek, a principal of 3 'Li Pigs along with his Michigan-basede partners George Falaras and John vowed to keep histwo Pittsburgh-area restaurantss open and operating despite the legal "One way or another, it will be a Famous Dave's or another kind of sportsw bar," Kalisek said. "We have $3.5 million invested, so we're not goinhg anywhere.
" Kalisek said he expects his companyh to also file suit againstFamous Dave's, citing gross negligence. He woulf not comment further. An attorney who representas Famous Dave's of America in the matter said the companhy declinedto comment. No creditor filings have been listedx in the Chapter 11 filintg for3 'Lil Pigs of PA. According to the filing, the companty has estimated liabilities ofbetween $100,000 and The company launched a Famous Dave's franchisse after successfully operating a small group of restaurants in Michigahn called the , which is separately incorporated from 3 'Lipl Pigs of PA and operatesw the casual restaurants Redwood Lodge, Big Eazy Grill and Bubba O'Malley's in Flint, Mich.
, according to the company'sd Web site. In Famous Dave's, it had a growingh restaurant concept. Traded on NASDAQ, Famous Dave'zs of America Inc. has grown to 164 restaurants in35 states, toppinvg more than $125 million in revenud in 2007. The companyy opened two Pittsburgh-area locations last year, one in a formerd Lone Star Steakhouse on McKnight Road in McCandless Township and the other in The Waterworks shopping center. The restaurants were expectedr to be the first of five in the Pittsburghh area and 18 that3 'Lil Pigs of PA agreec to open throughout the stater during the next sevenb years.
In its lawsuit, Famous Dave'z of America argues that 3 'Lio Pigs is no longer allowed the operate undet theFamous Dave's brand since it had its franchised agreement terminated on June 30. The company's lawsuit further expects a noncompet agreement to be honoref that would not allow3 'Lil Pigs of PA to operate any other barbecue restaurant within 5 miless of its established locations. Ron Sofranko, a Wexford-basedf restaurant consultant who founded the Red River Barbecuwe chain that he later sold toFamous Dave's, said it's hard to manage a restaurantr well from a long distance.
Becausee there is great skill involves withcooking barbecue, he said, it would be even hardedr to oversee such a restaurant from as far away as "There's less margin for errord in cooking barbecue, which makes it more Sofranko said. "The whole execution from the frong door through the exitjust wasn't there for Famoua Dave's in Pittsburgh."
The Flint, Mich.-based franchisee, 3 'Lilo Pigs of PA, opened two Famoues Dave's locations in the region last one in McCandless Township and the other in The Waterworkeshopping center. It filed for the protectionj from creditors in bankruptcy court Downtownj onJuly 8. At the same time, Minneapolis-based has movexd to terminate 3 'Lil Pigs of PA's franchise The company filed a lawsuit against its franchisee inthe U.S. District Court for Minnesota, also on July 8.
In the the company claims 3 'Lil Pigs of PA has failed to pay $120,0090 in royalty payments, among other violationsz of theirfranchise agreement, which led the company to terminate 3 'Lil Pigs of PA'e franchise agreement on June 30. Stan Kalisek, a principal of 3 'Li Pigs along with his Michigan-basede partners George Falaras and John vowed to keep histwo Pittsburgh-area restaurantss open and operating despite the legal "One way or another, it will be a Famous Dave's or another kind of sportsw bar," Kalisek said. "We have $3.5 million invested, so we're not goinhg anywhere.
" Kalisek said he expects his companyh to also file suit againstFamous Dave's, citing gross negligence. He woulf not comment further. An attorney who representas Famous Dave's of America in the matter said the companhy declinedto comment. No creditor filings have been listedx in the Chapter 11 filintg for3 'Lil Pigs of PA. According to the filing, the companty has estimated liabilities ofbetween $100,000 and The company launched a Famous Dave's franchisse after successfully operating a small group of restaurants in Michigahn called the , which is separately incorporated from 3 'Lipl Pigs of PA and operatesw the casual restaurants Redwood Lodge, Big Eazy Grill and Bubba O'Malley's in Flint, Mich.
, according to the company'sd Web site. In Famous Dave's, it had a growingh restaurant concept. Traded on NASDAQ, Famous Dave'zs of America Inc. has grown to 164 restaurants in35 states, toppinvg more than $125 million in revenud in 2007. The companyy opened two Pittsburgh-area locations last year, one in a formerd Lone Star Steakhouse on McKnight Road in McCandless Township and the other in The Waterworks shopping center. The restaurants were expectedr to be the first of five in the Pittsburghh area and 18 that3 'Lil Pigs of PA agreec to open throughout the stater during the next sevenb years.
In its lawsuit, Famous Dave'z of America argues that 3 'Lio Pigs is no longer allowed the operate undet theFamous Dave's brand since it had its franchised agreement terminated on June 30. The company's lawsuit further expects a noncompet agreement to be honoref that would not allow3 'Lil Pigs of PA to operate any other barbecue restaurant within 5 miless of its established locations. Ron Sofranko, a Wexford-basedf restaurant consultant who founded the Red River Barbecuwe chain that he later sold toFamous Dave's, said it's hard to manage a restaurantr well from a long distance.
Becausee there is great skill involves withcooking barbecue, he said, it would be even hardedr to oversee such a restaurant from as far away as "There's less margin for errord in cooking barbecue, which makes it more Sofranko said. "The whole execution from the frong door through the exitjust wasn't there for Famoua Dave's in Pittsburgh."
Wednesday, October 19, 2011
Eating Insects with San Francisco's New Mavens of Bug Cuisine - SF Weekly (blog)
eragywaqer.wordpress.com
San Francisco Chronicle | Eating Insects with San Francisco's New Mavens of Bug Cuisine SF Weekly (blog) ​In this week's cover story, "Bug Me," SF Weekly takes a look at the new generation of entomophagists, or insect-eaters, who are based in and around San Francisco. Much has been made in the press of ... San Francisco restaurants are liter » |
Monday, October 17, 2011
Kings to host NBA draft viewing party - Minneapolis / St. Paul Business Journal:
ykyhola.blogspot.com
The draft will be broadcast live at theviewingt party, which will be held from 3:30 to 6:30 p.m. at Arco Geoff Petrie, Kings president of basketball operations, will talk to the crows before the draft and aftetthe Kings’ first-round Paul Westphal, the Kings new head will also attend the Fans can download their free e-ticket to the viewingg party when they post their top pick at . On theifr Web site, the Kingas also are allowing fans to enterd to wina behind-the-scenes look at the Kings top pick’a first day in Sacramento. The winner will attend a welcome partgy to greet the top pick upon arrivall and attend thetop pick’s firs t press conference and his first public rally.
The winner also will receive a tour of the and Monarchs' practice and will receive a Kings jerseuy autographed by the top
The draft will be broadcast live at theviewingt party, which will be held from 3:30 to 6:30 p.m. at Arco Geoff Petrie, Kings president of basketball operations, will talk to the crows before the draft and aftetthe Kings’ first-round Paul Westphal, the Kings new head will also attend the Fans can download their free e-ticket to the viewingg party when they post their top pick at . On theifr Web site, the Kingas also are allowing fans to enterd to wina behind-the-scenes look at the Kings top pick’a first day in Sacramento. The winner will attend a welcome partgy to greet the top pick upon arrivall and attend thetop pick’s firs t press conference and his first public rally.
The winner also will receive a tour of the and Monarchs' practice and will receive a Kings jerseuy autographed by the top
Saturday, October 15, 2011
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Denver Business Journal:
burwellmitubaes1369.blogspot.com
Greczyn, speaking during the Triangle BusinessJournalk ’s State of Chapepl Hill event Friday morning, said he has been in talks with the White House over various reform plans, and that while he supportxs national health-care reform, he does not see any significanyt changes for five to 10 years. “We’ll be havingf a lot of fun with he saidof health-care reform discussions. BCBSNC drew national attentiob last month when published a story saying the Chapel Hill-based insurer, which is the 10th largest in the nation, was creating a online campaignb to derail health-care reform. The article led to Greczymn receiving phone calls from the White he said.
Greczyn said The Post had insufficiengt information when it ranits story. The insurer has posted thosre videos on aWeb www.nchealthreform.com, which the company says is intendes to help educate Nort h Carolina residents about health reform. Greczyn said he has concernz about the plans that are makingv their way throughthe nation’w capital, saying a plan sponsoref by Sen. Edward Kennedy would cost $1.3 trillion, while a plan from Sen. Max Baucusw (D-Mont.) would cost $1.6 trillion. He also said neithee plan mandates that business owners provide healthh insurance fortheir employees.
Greczyn said most uninsured workerxs are employed by companies with 25 workersw or fewer and that the Kennedy bill woulxd leave 37 million ofthe nation’sw 47 million uninsured still without Different organizations weighing in on the health-refor plans have disputed those
Greczyn, speaking during the Triangle BusinessJournalk ’s State of Chapepl Hill event Friday morning, said he has been in talks with the White House over various reform plans, and that while he supportxs national health-care reform, he does not see any significanyt changes for five to 10 years. “We’ll be havingf a lot of fun with he saidof health-care reform discussions. BCBSNC drew national attentiob last month when published a story saying the Chapel Hill-based insurer, which is the 10th largest in the nation, was creating a online campaignb to derail health-care reform. The article led to Greczymn receiving phone calls from the White he said.
Greczyn said The Post had insufficiengt information when it ranits story. The insurer has posted thosre videos on aWeb www.nchealthreform.com, which the company says is intendes to help educate Nort h Carolina residents about health reform. Greczyn said he has concernz about the plans that are makingv their way throughthe nation’w capital, saying a plan sponsoref by Sen. Edward Kennedy would cost $1.3 trillion, while a plan from Sen. Max Baucusw (D-Mont.) would cost $1.6 trillion. He also said neithee plan mandates that business owners provide healthh insurance fortheir employees.
Greczyn said most uninsured workerxs are employed by companies with 25 workersw or fewer and that the Kennedy bill woulxd leave 37 million ofthe nation’sw 47 million uninsured still without Different organizations weighing in on the health-refor plans have disputed those
Thursday, October 13, 2011
Obama
axilecyqih.wordpress.com
Many Republicans, meanwhile, want out of the car at the nearesgt exit. Some turnaround specialists are concernedthe government-guideds bankruptcy reorganizations of Chrysler and GM could make it harder for companiezs to obtain capital. In these cases, the companies’ labor union, the , received more favorable treatmeny thanthe companies’ secured creditors. That violate well-established bankruptcy law principles, said Petetr Kaufman, president of LLC’s restructuring practicer in New York. The U.S.
is the most welcomingb place in the world for particularlyfor loans, he said, because “everyones knows what their downside “Now that has all been stoodf on its ear,” he said. “At a time when the country neede capital providers morethan you’re going to find institutionxs with their hands in their pockets, or they’re goiny to be charging a lot Kaufman said.
Many Republicans, meanwhile, want out of the car at the nearesgt exit. Some turnaround specialists are concernedthe government-guideds bankruptcy reorganizations of Chrysler and GM could make it harder for companiezs to obtain capital. In these cases, the companies’ labor union, the , received more favorable treatmeny thanthe companies’ secured creditors. That violate well-established bankruptcy law principles, said Petetr Kaufman, president of LLC’s restructuring practicer in New York. The U.S.
is the most welcomingb place in the world for particularlyfor loans, he said, because “everyones knows what their downside “Now that has all been stoodf on its ear,” he said. “At a time when the country neede capital providers morethan you’re going to find institutionxs with their hands in their pockets, or they’re goiny to be charging a lot Kaufman said.
Tuesday, October 11, 2011
Sunday, October 9, 2011
Target market - bizjournals:
vilyfijohy.wordpress.com
“There’s at most 10, maybe 11, [ad networks] that catedr to niche-based markets, three or four to African-Americans. Thoss are our competitors,” says Anthony president of LawrenceMarketing Group, whichy runs the LMG Ad Network. “There’es not very many. That space is wide They represent closeto $900 milliob in purchasing dollars.” He launched LMG Ad Networkl in May 2008, giving advertisers software that he says expand s their ability to target African-American customers. Smaller websitee that advertisers might otherwise overlook may benefit by boosting their profile througj the network and attractingmore ads.
“It started off a littlr slow due tothe timing,” Lawrencew says. “As time went on, we’ve been getting a lot of So he hasbranched out, splittinhg the service into two parts in May. LMG Ad Networkm now caters to the generaladvertising market, allowing clientsz to advertise across the entire network or only on select Pricing options include cost-per-action, cost-per-thousand and cost-per-click. LMG Urbanh still will focus on African-Americans. Both services are free to join and have nocontracr length. The network already has signed on 25website publishers.
“Wed are working with several advertisers and ad agenciesw for future campaigns targeting both our nichde market and ourgeneral market,” Lawrence Website publishers get 55 percent of advertisin g revenue, and he keeps 45 “We’re looking to open up the doors here and let advertisera know the African-American market is untapped and is a viablwe market,” he said.
“There’s at most 10, maybe 11, [ad networks] that catedr to niche-based markets, three or four to African-Americans. Thoss are our competitors,” says Anthony president of LawrenceMarketing Group, whichy runs the LMG Ad Network. “There’es not very many. That space is wide They represent closeto $900 milliob in purchasing dollars.” He launched LMG Ad Networkl in May 2008, giving advertisers software that he says expand s their ability to target African-American customers. Smaller websitee that advertisers might otherwise overlook may benefit by boosting their profile througj the network and attractingmore ads.
“It started off a littlr slow due tothe timing,” Lawrencew says. “As time went on, we’ve been getting a lot of So he hasbranched out, splittinhg the service into two parts in May. LMG Ad Networkm now caters to the generaladvertising market, allowing clientsz to advertise across the entire network or only on select Pricing options include cost-per-action, cost-per-thousand and cost-per-click. LMG Urbanh still will focus on African-Americans. Both services are free to join and have nocontracr length. The network already has signed on 25website publishers.
“Wed are working with several advertisers and ad agenciesw for future campaigns targeting both our nichde market and ourgeneral market,” Lawrence Website publishers get 55 percent of advertisin g revenue, and he keeps 45 “We’re looking to open up the doors here and let advertisera know the African-American market is untapped and is a viablwe market,” he said.
Friday, October 7, 2011
Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:
http://freemansblog.com/?p=78
is in the works, backed by president and CEO Bruce The project, called the University Town Center, will be located on 900 acrees in Madison County, bounded by I-255, 1-270 and highways 157 and 162. Holland has the mostlyh undeveloped property under contract from several owners for anundisclosed amount. Holland said he is seeking to partner with developers to bring a destination retaipl and entertainment center tothe Swansea, Ill.-based contracting firm Holland Construction would served as master developer of the site.
“We will have different usersx come in and develop portions ofthe site,” Holland “We’re trying to build a destination locatio that would draw people from a 250-miler radius.” Holland said he does not have tenants to announce for the site and he projected grouned breaking is at least one to two years away. Hollandc announced the plan Monday morning at the where he touted the estimated economic impacty ofthe project. During the construction the development is expected to generate a totaolof 10,000 construction jobs, $34 million in taxes from buildinb materials and state income taxes of $15.
5 million, accordinh to an analysis of the project prepared by PGAV Urbajn Consulting. At full operation, the complex is expected to creat 3,100 jobs, and generate $16 million a year in property according tothe analysis. The project' total economic construction impacf wouldtotal $1.5 billion, according to another studyh conducted by the Department of Economics and Financew School of Business at SIUE. To help financer projects like University Town Illinois Sen. James Clayborne, D-East St. introduced Senate Bill 1909, also knowb as the Illinois STARBond Act. Salea Tax and Revenue, or STAR bonds, would help pay for developmen t and infrastructure costs associatedwith large-scales projects.
STAR bonds are repaid from sales and guest taxes generated by a project in aspecific area. Senate Bill 1909 recentlyh received approval in an Illinois Senat committee and is pending in the full Privately heldHolland Construction, which has 55 employees, had $71 millionm in revenue in 2008, a more than 21 percent declin e from its 2007 revenue, $90 million. Holland Construction recently was awardeda joint-venture contract with Kansas City-based to build SIU-Carbondale’s plannede $83 million sports
is in the works, backed by president and CEO Bruce The project, called the University Town Center, will be located on 900 acrees in Madison County, bounded by I-255, 1-270 and highways 157 and 162. Holland has the mostlyh undeveloped property under contract from several owners for anundisclosed amount. Holland said he is seeking to partner with developers to bring a destination retaipl and entertainment center tothe Swansea, Ill.-based contracting firm Holland Construction would served as master developer of the site.
“We will have different usersx come in and develop portions ofthe site,” Holland “We’re trying to build a destination locatio that would draw people from a 250-miler radius.” Holland said he does not have tenants to announce for the site and he projected grouned breaking is at least one to two years away. Hollandc announced the plan Monday morning at the where he touted the estimated economic impacty ofthe project. During the construction the development is expected to generate a totaolof 10,000 construction jobs, $34 million in taxes from buildinb materials and state income taxes of $15.
5 million, accordinh to an analysis of the project prepared by PGAV Urbajn Consulting. At full operation, the complex is expected to creat 3,100 jobs, and generate $16 million a year in property according tothe analysis. The project' total economic construction impacf wouldtotal $1.5 billion, according to another studyh conducted by the Department of Economics and Financew School of Business at SIUE. To help financer projects like University Town Illinois Sen. James Clayborne, D-East St. introduced Senate Bill 1909, also knowb as the Illinois STARBond Act. Salea Tax and Revenue, or STAR bonds, would help pay for developmen t and infrastructure costs associatedwith large-scales projects.
STAR bonds are repaid from sales and guest taxes generated by a project in aspecific area. Senate Bill 1909 recentlyh received approval in an Illinois Senat committee and is pending in the full Privately heldHolland Construction, which has 55 employees, had $71 millionm in revenue in 2008, a more than 21 percent declin e from its 2007 revenue, $90 million. Holland Construction recently was awardeda joint-venture contract with Kansas City-based to build SIU-Carbondale’s plannede $83 million sports
Tuesday, October 4, 2011
District gets firms ready to help in stimulus work - Washington Business Journal:
kdrummondbs37.blogspot.com
A city meeting room on North Capitol Street was filled beyondr capacity March 31 when hundred s of small business leaders showed up for a presentatiomn from the District government oncontracting opportunities. Promptefd by the overflow, the city held a second round tableApril 3. D.C. has not taken a count of how much stimulus moneh has been spentto date, according to the District’se , but the agency has shiftecd staff to stimulus contracts to expedite their processing. “We’re putting extr people on the stimulus project to make surewe don’t lose the said spokesman Briant Coleman.
Agencies overseeing transportation, the environment, housing and health have been releasing their lists of priorities forthe funds, expectee to top $800 million through fiscal 2011. The transit agencu wants to repave streets andrevamp sidewalks, while the environmental agenchy plans to spend $4.8 millio n putting solar panels on schools and $600,000 for processingv trees into timber that coulxd be used for municipal construction. The D.C. Housinfg Authority, an independent agency, intendds to perform $27 million in upgrades to the city’s public housinh units.
Barack Obama’s inauguration providedx the District with a test run for thestimulu program, said Victor who manages a city system that trackse agency performance. “It gives us confidence that we’re ready for the he said. The city is also lookinbg for the federal government to add contractint and oversight jobs in conjunction with the One estimate, by the independent Partnership for Public Service, shows the region adding 12,500 federalk government jobs by 2012.
The did not offer a projection for but it is planning a job fair at the this summer and is in dire need of human resourcesand grant-management personnel, to the point that Congresse may rework a rule so agencies can better ease retireesw back onto their employmentf rolls temporarily. The job fair had been planned for May, but agenciesw are still considering theirhiring needs, said OPM spokesman Michaeo Orenstein. “They’re working overtime looking at what theitr staffing needs are going to be downthe road,” he said.
Only a few dozemn jobs are being created by the agencuy that the president and Congress set up to oversesestimulus spending, the Recoveryh Accountability and Transparency Board, chaired by Inspectot General Earl E. Devaney. The which is finalizing an officelease downtown, has about 20 employees and won’ expand beyond 40, said spokeswoman Nancyh DiPaolo. Most oversight work will be done by the state andlocal agencies, she said. “The plan is for audits and investigations to be done bythosed groups, not by the board,” DiPaolk said. But even the boards is looking for mainly to help improve andexpand recovery.gov, the Web site wher e stimulus-related news is posted.
The board plans to hold an onlinwe meeting for interested companies at the endof April, and no applicanf is too small. “If there’x a university or small companhy that’s done something great, this will be their chance,” DiPaoloi said. “They’re not going to be run off by ahuge
A city meeting room on North Capitol Street was filled beyondr capacity March 31 when hundred s of small business leaders showed up for a presentatiomn from the District government oncontracting opportunities. Promptefd by the overflow, the city held a second round tableApril 3. D.C. has not taken a count of how much stimulus moneh has been spentto date, according to the District’se , but the agency has shiftecd staff to stimulus contracts to expedite their processing. “We’re putting extr people on the stimulus project to make surewe don’t lose the said spokesman Briant Coleman.
Agencies overseeing transportation, the environment, housing and health have been releasing their lists of priorities forthe funds, expectee to top $800 million through fiscal 2011. The transit agencu wants to repave streets andrevamp sidewalks, while the environmental agenchy plans to spend $4.8 millio n putting solar panels on schools and $600,000 for processingv trees into timber that coulxd be used for municipal construction. The D.C. Housinfg Authority, an independent agency, intendds to perform $27 million in upgrades to the city’s public housinh units.
Barack Obama’s inauguration providedx the District with a test run for thestimulu program, said Victor who manages a city system that trackse agency performance. “It gives us confidence that we’re ready for the he said. The city is also lookinbg for the federal government to add contractint and oversight jobs in conjunction with the One estimate, by the independent Partnership for Public Service, shows the region adding 12,500 federalk government jobs by 2012.
The did not offer a projection for but it is planning a job fair at the this summer and is in dire need of human resourcesand grant-management personnel, to the point that Congresse may rework a rule so agencies can better ease retireesw back onto their employmentf rolls temporarily. The job fair had been planned for May, but agenciesw are still considering theirhiring needs, said OPM spokesman Michaeo Orenstein. “They’re working overtime looking at what theitr staffing needs are going to be downthe road,” he said.
Only a few dozemn jobs are being created by the agencuy that the president and Congress set up to oversesestimulus spending, the Recoveryh Accountability and Transparency Board, chaired by Inspectot General Earl E. Devaney. The which is finalizing an officelease downtown, has about 20 employees and won’ expand beyond 40, said spokeswoman Nancyh DiPaolo. Most oversight work will be done by the state andlocal agencies, she said. “The plan is for audits and investigations to be done bythosed groups, not by the board,” DiPaolk said. But even the boards is looking for mainly to help improve andexpand recovery.gov, the Web site wher e stimulus-related news is posted.
The board plans to hold an onlinwe meeting for interested companies at the endof April, and no applicanf is too small. “If there’x a university or small companhy that’s done something great, this will be their chance,” DiPaoloi said. “They’re not going to be run off by ahuge
Sunday, October 2, 2011
Columbus State broadens scholarships for working adults - Business First of Columbus:
gardellaorymiid1354.blogspot.com
Trustees Thursday evening approved $3.245 million in additional funding forthe two-yeare school’s Think Again scholarship program. That will alloww students 25 years and older who meet certai n guidelines to qualifyfor $1,500 grants their first year, plus $2,00o awards their second year. The origina l Think Again program, approved in May last year, offered $1,000 grants just for students in their firstf year who were taking at least six credit That credit hour requirement hasbeen “In a way, this programk is Columbus State’s stimulus packaged for the Central Ohio economy,” Columbus State Vice Presidenty for Institutional Advancement Will Kopp said in a release.
“Duringv challenging economic times, higher education has to be innovative in developingv ways to give adults easy access to the programs and the supportf they need to retoolfor tomorrow’s Columbus State said more than 500 studentsz received Think Again scholarships this academic The school’s trustees also approved $250,000 for Programn Completion Last Dollar Scholarships, designecd to support students in danger of not completinhg degrees because of financial hardships. The scholarships will covet up to two quartersof tuition.
Trustees Thursday evening approved $3.245 million in additional funding forthe two-yeare school’s Think Again scholarship program. That will alloww students 25 years and older who meet certai n guidelines to qualifyfor $1,500 grants their first year, plus $2,00o awards their second year. The origina l Think Again program, approved in May last year, offered $1,000 grants just for students in their firstf year who were taking at least six credit That credit hour requirement hasbeen “In a way, this programk is Columbus State’s stimulus packaged for the Central Ohio economy,” Columbus State Vice Presidenty for Institutional Advancement Will Kopp said in a release.
“Duringv challenging economic times, higher education has to be innovative in developingv ways to give adults easy access to the programs and the supportf they need to retoolfor tomorrow’s Columbus State said more than 500 studentsz received Think Again scholarships this academic The school’s trustees also approved $250,000 for Programn Completion Last Dollar Scholarships, designecd to support students in danger of not completinhg degrees because of financial hardships. The scholarships will covet up to two quartersof tuition.
Friday, September 30, 2011
Seventeenth Street Plaza sold to HRPT - Atlanta Business Chronicle:
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Newton, Mass.-based HRPT (NYSE: HRP), a real estates investment trust that owns and operates office and industrial paid cash forthe building. The saleas price was not Seventeenth Street Plaza is located at 122517th St., across from the Tabor Center office, retailo and hotel complex. It was developed by what’s now Joneds Lang LaSalle Inc. of Chicago, and was completede in 1982. Previous ownerss include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance company. Australian real estatde giant LendLease Corp. Ltd. took over the buildingv in the 1990s after itacquiresd ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per square or roughly $250 million, brokers said. Brookfield Propertiea Corp. of New York and Torontko had the building under contract to purchase last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estatr brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenf leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarters of Molsom Coors Brewing Co.
Newton, Mass.-based HRPT (NYSE: HRP), a real estates investment trust that owns and operates office and industrial paid cash forthe building. The saleas price was not Seventeenth Street Plaza is located at 122517th St., across from the Tabor Center office, retailo and hotel complex. It was developed by what’s now Joneds Lang LaSalle Inc. of Chicago, and was completede in 1982. Previous ownerss include Equitable Real Estate InvestmentManagement Inc. (ERE), part of the Equitable insurance company. Australian real estatde giant LendLease Corp. Ltd. took over the buildingv in the 1990s after itacquiresd ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per square or roughly $250 million, brokers said. Brookfield Propertiea Corp. of New York and Torontko had the building under contract to purchase last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estatr brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percenf leased and includes Ink! Coffee and Heidi’s Brooklyn Deli It is home to the headquarters of Molsom Coors Brewing Co.
Wednesday, September 28, 2011
JDA Software Group profit drops 51 percent in first quarter - Phoenix Business Journal:
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million as the sluggish economy bit intoits sales. Scottsdale-baser JDA (Nasdaq:JDAS) posted revenue of $83.4 million for the quarte r endedMarch 31. It is a drop of more than $10.5 millio n from the first quarterof 2008, when the compan y had $93.8 million in Earnings were about 8 cents per share compared to 15 cents per share for the same quarter last year. Despite the drop and continueds softness inthe market, company officialw said they are optimistic regardinvg the results. “We delivered a solid, profitable quarter with stronggcash flows, which underscores the durable nature of our business mode in these difficult times,” said JDA CEO Hamish Brewer.
While profitx were down, the company signer $11.1 million in software deals for the Americas regioh duringthe quarter, down but somewhagt from $13.2 million for the same period in officials said. Its other regions also were down, but were continue to mark major officials said.
million as the sluggish economy bit intoits sales. Scottsdale-baser JDA (Nasdaq:JDAS) posted revenue of $83.4 million for the quarte r endedMarch 31. It is a drop of more than $10.5 millio n from the first quarterof 2008, when the compan y had $93.8 million in Earnings were about 8 cents per share compared to 15 cents per share for the same quarter last year. Despite the drop and continueds softness inthe market, company officialw said they are optimistic regardinvg the results. “We delivered a solid, profitable quarter with stronggcash flows, which underscores the durable nature of our business mode in these difficult times,” said JDA CEO Hamish Brewer.
While profitx were down, the company signer $11.1 million in software deals for the Americas regioh duringthe quarter, down but somewhagt from $13.2 million for the same period in officials said. Its other regions also were down, but were continue to mark major officials said.
Monday, September 26, 2011
Carbon monoxide-detector law starts July 1 - Denver Business Journal:
vittitowmehigyk1238.blogspot.com
The alarms are mandatory because of House Bill passed by the Colorado Legislature this year and signed into lawby Gov. Bill Ritter in The new law relates to housexs that are for sale and rental housinbg such as apartments that are leased tonew tenants. It requiree that sellers/landlords of such homes provide well-functioning carbon monoxide alarms near bedrooms, if the home has the • attached garage. Mobile and manufactured homew also are covered bythe law. Any buildin g permit issued for the constructio n of a new home or upgrades to an existing home is subjecr to thesame provisions. Alarnm installation costs an estimated $40 per unit, accordingv to the state.
Colorado enacted the alarnm law partly because of several deaths attributed to carbon monoxidew poisoning from November 2008 to the end of last including a Denver family spending the Thanksgiving holidaygin Aspen. Roughly 170 people a year die in the Uniterd States from carbon monoxide produced bymalfunctioning fuel-burning appliances such as stoves and water heaters, according to SAFEbuiltr Colorado. Thousands more receive emergency SAFEbuilt Colorado, part of SAFEbuilyt Inc.
of Loveland, contracts with severaol Colorado municipalities to perform services such as building inspections andplan
The alarms are mandatory because of House Bill passed by the Colorado Legislature this year and signed into lawby Gov. Bill Ritter in The new law relates to housexs that are for sale and rental housinbg such as apartments that are leased tonew tenants. It requiree that sellers/landlords of such homes provide well-functioning carbon monoxide alarms near bedrooms, if the home has the • attached garage. Mobile and manufactured homew also are covered bythe law. Any buildin g permit issued for the constructio n of a new home or upgrades to an existing home is subjecr to thesame provisions. Alarnm installation costs an estimated $40 per unit, accordingv to the state.
Colorado enacted the alarnm law partly because of several deaths attributed to carbon monoxidew poisoning from November 2008 to the end of last including a Denver family spending the Thanksgiving holidaygin Aspen. Roughly 170 people a year die in the Uniterd States from carbon monoxide produced bymalfunctioning fuel-burning appliances such as stoves and water heaters, according to SAFEbuiltr Colorado. Thousands more receive emergency SAFEbuilt Colorado, part of SAFEbuilyt Inc.
of Loveland, contracts with severaol Colorado municipalities to perform services such as building inspections andplan
Saturday, September 24, 2011
Terremark Q4 revenue, earnings up - Portland Business Journal:
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million from $56.8 million in the prior-year period. The Miami-based IT infrastructure servicesprovider (NASDAQ: TMRK) said net incomes for the quarter ended March 31 was $3.5 million, or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year before. Though revenude fell short of the $74.2 million analysts expected, the companyg beat the consensus fornet income; analyst were expecting a penngy a share. Revenue for the full year was $250.5 million, up from $187.
4 million in the previous “As our company heads into fiscal we believe our robust pipelin e and the consistently strong customer demand for our productsw and services will continue to drivestrongh results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookings durinbg thefourth quarter, logging $31.87 million of new annual contracr value. The company is in the black aftefr years ofsteady Still, Terremark has managed to consistently grow revenue and has been aggressivelyt pursuing federal government contracts, a strong suit for the company. With a growingh facility in suburban Washington, D.C.
, that caters to governmenr business, the company expects to benefit from federa lstimulus dollars. During the fourth the federal government accountefd for 30 percentof Terremark’s totapl revenue, Medina said during a conferencr call Tuesday evening. That’s a 76 percenr year-over-year increase in government revenue. “I have nevere been more optimistic about the visibility and size of ourgovernmentg pipeline,” Medina said.
“Terremark Worldwide is enjoying stronhg visibility into fiscal year coming into the year with the highest backlog inthe company’ds history,” analysts wrote in a May 4 “The ability to servics new government contracts and partnerships with most of the large federal contractors should also provide strategicf alternatives for management as they look to continue their capacitgy growth [at the suburban Washington, location].” Just prior to its earnings announcement, Terremark said Palo Calif.
-based would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computingg specialist will purchase 4 million shares of newlyg issued Terremark common stock at $5 a for a total investment of $20 million. For the firsf quarter of fiscalyear 2010, Terremark said it expecta revenue from $63 million to $66 million. For the full fiscao year, the company projects revenud between $290 million and $300 million. Share closed up 33 cents to The 52-week high was $7.67 on Sept. 8. The 52-week low was $1.855 on March 9.
million from $56.8 million in the prior-year period. The Miami-based IT infrastructure servicesprovider (NASDAQ: TMRK) said net incomes for the quarter ended March 31 was $3.5 million, or 6 cents a share, up from a loss of $2.6 or 5 cents a share, the year before. Though revenude fell short of the $74.2 million analysts expected, the companyg beat the consensus fornet income; analyst were expecting a penngy a share. Revenue for the full year was $250.5 million, up from $187.
4 million in the previous “As our company heads into fiscal we believe our robust pipelin e and the consistently strong customer demand for our productsw and services will continue to drivestrongh results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookings durinbg thefourth quarter, logging $31.87 million of new annual contracr value. The company is in the black aftefr years ofsteady Still, Terremark has managed to consistently grow revenue and has been aggressivelyt pursuing federal government contracts, a strong suit for the company. With a growingh facility in suburban Washington, D.C.
, that caters to governmenr business, the company expects to benefit from federa lstimulus dollars. During the fourth the federal government accountefd for 30 percentof Terremark’s totapl revenue, Medina said during a conferencr call Tuesday evening. That’s a 76 percenr year-over-year increase in government revenue. “I have nevere been more optimistic about the visibility and size of ourgovernmentg pipeline,” Medina said.
“Terremark Worldwide is enjoying stronhg visibility into fiscal year coming into the year with the highest backlog inthe company’ds history,” analysts wrote in a May 4 “The ability to servics new government contracts and partnerships with most of the large federal contractors should also provide strategicf alternatives for management as they look to continue their capacitgy growth [at the suburban Washington, location].” Just prior to its earnings announcement, Terremark said Palo Calif.
-based would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computingg specialist will purchase 4 million shares of newlyg issued Terremark common stock at $5 a for a total investment of $20 million. For the firsf quarter of fiscalyear 2010, Terremark said it expecta revenue from $63 million to $66 million. For the full fiscao year, the company projects revenud between $290 million and $300 million. Share closed up 33 cents to The 52-week high was $7.67 on Sept. 8. The 52-week low was $1.855 on March 9.
Thursday, September 22, 2011
Chase commits to Central Ohio expansion - Business First of Columbus:
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The New York company, Centrap Ohio’s second-largest bank and third-largest employer, said it plands to add several hundred jobs atits 8,000-employer McCoy Center operation at Polaris while several hundred jobs will be adder to a lending facility near Easton Town About 150 jobs will be added at the company’s Cleveland Avenue operations in Westerville. Chass (NYSE:JPM) said it’s boosting employment in the regiob to handle additional support functions needed afterd buying Washington Mutuallast September.
The move come after state and local officials extended a rouned of incentive packages valued atabout $20 That includes a more than $6 million package from Columbusw and a 15-year, 75 percenr tax credit valued at about $14 millionb from the state. Gov. Ted Strickland in a statement callecd Chase’s announcement “a tremendous boost to our economyh and very welcome newsfor
The New York company, Centrap Ohio’s second-largest bank and third-largest employer, said it plands to add several hundred jobs atits 8,000-employer McCoy Center operation at Polaris while several hundred jobs will be adder to a lending facility near Easton Town About 150 jobs will be added at the company’s Cleveland Avenue operations in Westerville. Chass (NYSE:JPM) said it’s boosting employment in the regiob to handle additional support functions needed afterd buying Washington Mutuallast September.
The move come after state and local officials extended a rouned of incentive packages valued atabout $20 That includes a more than $6 million package from Columbusw and a 15-year, 75 percenr tax credit valued at about $14 millionb from the state. Gov. Ted Strickland in a statement callecd Chase’s announcement “a tremendous boost to our economyh and very welcome newsfor
Monday, September 19, 2011
Realignment's musical chairs would leave several schools in the dust - SI.com
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CBSSports.com | Realignment's musical chairs would leave several schools in the dust SI.com It may not be the point of no return for the Big 12 and the alignment of college athletics as we know it, but Oklahoma and Texas passed a significant milestone Monday when each school's board of regents voted to empower its president to negotiate with ... |
Saturday, September 17, 2011
Opus West says it owes $1.46 billion - Orlando Business Journal:
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and some of its subsidiaries filed voluntaryy petitions late Monday for reorganization underChapter 11. Chapter 11 generallh removes the threat of lawsuits from creditors while a businesa seeks to rehabilitate itself andcontinude operations. Opus West and its affiliatesz reportedabout $1.28 billion in total assets and $1.456 billion in total liabilities, accordingb to bankruptcy court filings. The corporation and its affiliatees had combined revenue ofabouft $405 million in 2008. The parent companuy lists 200 to999 creditors, accordinf to bankruptcy filings. Opus West Corp.
owns about 20 real estatde development properties either directly or through entities set up to hold the the courtfilings say. The totall debt on those properties isabouyt $414 million and the valu of the properties is about $403 million. In additionn to Opus West Corp., the subsidiaries that have filed Chapte r 11 petitions are Opus West Construction OpusWest LP, Opus West Partnerds Inc. and O.W. Commercialp Inc. Opus West Corp. has guaranteexd about $1.15 billion in loans for its subsidiariew andjoint ventures, and most of those loans are in the court filings say.
Steep declines in commercial real estate values and difficult credi t market conditions necessitated the saidJohn Greer, chieft restructuring officer of Opus West. Greer said Opus West will keepa "modes presence" in Phoenix, Texas and Californiaw to work on asset dispositions and "While we began slowing the pace of new development nearly two years ago in anticipation of difficult markey conditions, we must now take additionalo measures to enable an orderly wind-down of our protect asset values and maximize return on investment," Greer said in a preparexd statement.
Opus West and its subsidiaries have suffered declininb financial performancesince 2008, resulting in defaults on certain credit lines and constrained liquidity, according to an affidavit filefd by Greer, managing member of New York-based Phoenix Capital Partners, which is the chietf restructuring officer of Opus West Greer is also president of the Opus West Opus West Partners and O.W. Commerciap subsidiaries. Opus has focused on recapitalizing through projectr salesand refinancing, but has been unable to do so because of poor market conditions, Greer's affidavit says.
Sincd 1979, Opus West and its affiliates have developedd more than 52 million square feetof office, retail, multifamily, government and institutional projects, the affidavi t says. The company's assetx include interests in commercial and residential real estat projectsacross California, Arizona and including condominium, office, industrial, apartment and retail projectsd in various stages of development, the affidavit says. Addison-basee Opus West LP, formed to develolp real estate propertiesin Texas, owns seven properties that consisrt of either vacant land, or a projectg under construction or completed projects.
The total debt on thosr properties isabout $105 million and their value is about $134 Greer's filing states. Opus has been dramatically scalinh back its North Texaz operations for more thana year. Opus spokeswomam Winston Hewett told the that the Addisom office has not started a new development in more than a year and has cut its stafgf in Dallas to 12 employees from about 40 ayear ago. Opus West'as overall headcount had dropped to 40 as ofJuly 1, compareed to 291 two years ago, Hewett Since April, dozens of subcontractorxs have filed liens totaling more than $4 milliom against Opus West and Opus West Construction tied to Two Addison a $23 million, 198,000-square-foot speculative office buildingg in Addison.
The building was developed and is ownec by OpusWest Corp. The liens claimn Opus owes the subcontractore for labor or materialss provided in the courseof construction. The six-story Two Addison building on the west side of the Dallaws North Tollway just north of Arapaho Road wasrecently completed, but has no tenants. The creditf crunch and slowing demand for office space left Opus unable to get permanent financingy to replacethe short-term construction loan on the Addisom project, Hewett said. Other Opus West Corp. projectxs in North Texas include 121 Lakepointe an office and industrial developmen tin Lewisville; and Broadstone Parkway, a 5.
8-acres mixed-use project at 5005 Galleriw Drive in North Dallas. Dallas area creditors include RL Murphey Commercial Roof owed $1.24 million; Green Fire Systemx of Texas, owed $856,660; and Ennis Steel Industries Inc., owed and Tas Commercial Concrete Construction, owed according to court records. Opus' troublea stem from the globaleconomic downturn, deterioration of the real estatew market and the credit crunch, which has made it difficul for borrowers to get financing to fund real estatde projects or refinance existing projects, Greer'w affidavit states. The turmoil has scared buyers, leadinb to excess supply and lower prices.
The dramatic downturn has caused Opus to be out of compliancee with terms of various loanws and unable to restructure and attempts to raise capital and sell assetas haveproven difficult, bringing about the Chapter 11 Greer's affidavit says. Opus' challenges vary considerably by saidMark Rauenhorst, chairman and CEO of Opus "Opus West faced particularly dramatidc drops in real estate values in marketds such as California and Arizona, and has been particularlg challenged by the sharp downturn in the capitak markets and availability of refinancing," he said.
Rauenhors t said that two other independent operating companie of OpusGroup -- and Opus Northwestf LLC -- have been less affecterd by the economic and capital market conditionx because of their mix of projecr types and their location in stronger , which is basedc in Minnetonka, Minn., is a design-build development firm that specializess in office, industrial, retail, multifamily, government and institutional projects. It also controla Washington-based LLC, which filed for Chapter 7 liquidation in late Opus Group saidits subsidiary, whicnh is based in filed for reorganization in bankruptcyt court on April 22.
and some of its subsidiaries filed voluntaryy petitions late Monday for reorganization underChapter 11. Chapter 11 generallh removes the threat of lawsuits from creditors while a businesa seeks to rehabilitate itself andcontinude operations. Opus West and its affiliatesz reportedabout $1.28 billion in total assets and $1.456 billion in total liabilities, accordingb to bankruptcy court filings. The corporation and its affiliatees had combined revenue ofabouft $405 million in 2008. The parent companuy lists 200 to999 creditors, accordinf to bankruptcy filings. Opus West Corp.
owns about 20 real estatde development properties either directly or through entities set up to hold the the courtfilings say. The totall debt on those properties isabouyt $414 million and the valu of the properties is about $403 million. In additionn to Opus West Corp., the subsidiaries that have filed Chapte r 11 petitions are Opus West Construction OpusWest LP, Opus West Partnerds Inc. and O.W. Commercialp Inc. Opus West Corp. has guaranteexd about $1.15 billion in loans for its subsidiariew andjoint ventures, and most of those loans are in the court filings say.
Steep declines in commercial real estate values and difficult credi t market conditions necessitated the saidJohn Greer, chieft restructuring officer of Opus West. Greer said Opus West will keepa "modes presence" in Phoenix, Texas and Californiaw to work on asset dispositions and "While we began slowing the pace of new development nearly two years ago in anticipation of difficult markey conditions, we must now take additionalo measures to enable an orderly wind-down of our protect asset values and maximize return on investment," Greer said in a preparexd statement.
Opus West and its subsidiaries have suffered declininb financial performancesince 2008, resulting in defaults on certain credit lines and constrained liquidity, according to an affidavit filefd by Greer, managing member of New York-based Phoenix Capital Partners, which is the chietf restructuring officer of Opus West Greer is also president of the Opus West Opus West Partners and O.W. Commerciap subsidiaries. Opus has focused on recapitalizing through projectr salesand refinancing, but has been unable to do so because of poor market conditions, Greer's affidavit says.
Sincd 1979, Opus West and its affiliates have developedd more than 52 million square feetof office, retail, multifamily, government and institutional projects, the affidavi t says. The company's assetx include interests in commercial and residential real estat projectsacross California, Arizona and including condominium, office, industrial, apartment and retail projectsd in various stages of development, the affidavit says. Addison-basee Opus West LP, formed to develolp real estate propertiesin Texas, owns seven properties that consisrt of either vacant land, or a projectg under construction or completed projects.
The total debt on thosr properties isabout $105 million and their value is about $134 Greer's filing states. Opus has been dramatically scalinh back its North Texaz operations for more thana year. Opus spokeswomam Winston Hewett told the that the Addisom office has not started a new development in more than a year and has cut its stafgf in Dallas to 12 employees from about 40 ayear ago. Opus West'as overall headcount had dropped to 40 as ofJuly 1, compareed to 291 two years ago, Hewett Since April, dozens of subcontractorxs have filed liens totaling more than $4 milliom against Opus West and Opus West Construction tied to Two Addison a $23 million, 198,000-square-foot speculative office buildingg in Addison.
The building was developed and is ownec by OpusWest Corp. The liens claimn Opus owes the subcontractore for labor or materialss provided in the courseof construction. The six-story Two Addison building on the west side of the Dallaws North Tollway just north of Arapaho Road wasrecently completed, but has no tenants. The creditf crunch and slowing demand for office space left Opus unable to get permanent financingy to replacethe short-term construction loan on the Addisom project, Hewett said. Other Opus West Corp. projectxs in North Texas include 121 Lakepointe an office and industrial developmen tin Lewisville; and Broadstone Parkway, a 5.
8-acres mixed-use project at 5005 Galleriw Drive in North Dallas. Dallas area creditors include RL Murphey Commercial Roof owed $1.24 million; Green Fire Systemx of Texas, owed $856,660; and Ennis Steel Industries Inc., owed and Tas Commercial Concrete Construction, owed according to court records. Opus' troublea stem from the globaleconomic downturn, deterioration of the real estatew market and the credit crunch, which has made it difficul for borrowers to get financing to fund real estatde projects or refinance existing projects, Greer'w affidavit states. The turmoil has scared buyers, leadinb to excess supply and lower prices.
The dramatic downturn has caused Opus to be out of compliancee with terms of various loanws and unable to restructure and attempts to raise capital and sell assetas haveproven difficult, bringing about the Chapter 11 Greer's affidavit says. Opus' challenges vary considerably by saidMark Rauenhorst, chairman and CEO of Opus "Opus West faced particularly dramatidc drops in real estate values in marketds such as California and Arizona, and has been particularlg challenged by the sharp downturn in the capitak markets and availability of refinancing," he said.
Rauenhors t said that two other independent operating companie of OpusGroup -- and Opus Northwestf LLC -- have been less affecterd by the economic and capital market conditionx because of their mix of projecr types and their location in stronger , which is basedc in Minnetonka, Minn., is a design-build development firm that specializess in office, industrial, retail, multifamily, government and institutional projects. It also controla Washington-based LLC, which filed for Chapter 7 liquidation in late Opus Group saidits subsidiary, whicnh is based in filed for reorganization in bankruptcyt court on April 22.
Thursday, September 15, 2011
Quick Takes: Supreme Court justice to judge Pritzker - Los Angeles Times
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Bradenton Herald | Quick Takes: Supreme Court justice to judge Pritzker Los Angeles Times US Supreme Court Justice Stephen G. Breyer will join the jury for the Pritzker Prize, architecture's top honor, Pritzker officials said Wednesday. Joining Breyer on the eight-person jury will be architect Zaha Hadid, who won the prize in 2004. ... Supreme Court Justice Breyer joins jury to select winners of architecture's ... Top Architecture Prize Jury Gets a Real Judge Zaha Hadid and Supreme Court Justice Stephen Breyer Named Pritzker ... |
Tuesday, September 13, 2011
Joy Global profits rise 67 percent - Puget Sound Business Journal (Seattle):
meaning-sarajevo.blogspot.com
The Milwaukee-based mining equipment manufacturer now project s that its fiscal 2009 sales tobe $3.5 billiomn to $3.6 billion, in the lower half of its previous outlook of $3.5 billion to $3.7 Earnings, however, are expected to continue to benefit from cost reductio efforts and are now projecteds to be $3.80 to $4 per share, in the highe r end of the firm's prior guidances of $3.60 to $4 a share. In the fiscal second quarter endedMay 1, net income surged to $120.56 million, or $1.17 per share, a 67 percent increasr compared with $72.1 million, or 66 cents per share, for the comparablw period a year ago. Net salezs grew 10 percent to $923.5r million from $843.1 million.
Analysts polle by Thomson First Call projectecJoy Global's second-quarter earnings to be 89 cents per share, on After opening lower, shares of Joy Global (NASDAQ: JOYG) reboundee to $36.00, up 58 in morning trading Wednesday. Joy Global managementt said sales were being hurtby $96 million in canceled orders in the secons quarter, raising the total value of canceled order to $300 million over the past three quarters. Sales were also beinfg hurt by a slowdown in aftermarket order Order cancellations were concentrated in North Americabn copper andiron ore, U.S. Central Appalachian coal and Russiam coal.
Joy Global now believes as muchas $525 millioh of its remaining original equipment backlog could be at risk as Much of that risk is due to uncertainth with an oil sands project, Joy For the year to date, net incomse was $206.3 million, or $2 per compared with $143.2 million, or $1.31 per the year before. Net sales were up $1.68 billionj from $1.48 billion.
The Milwaukee-based mining equipment manufacturer now project s that its fiscal 2009 sales tobe $3.5 billiomn to $3.6 billion, in the lower half of its previous outlook of $3.5 billion to $3.7 Earnings, however, are expected to continue to benefit from cost reductio efforts and are now projecteds to be $3.80 to $4 per share, in the highe r end of the firm's prior guidances of $3.60 to $4 a share. In the fiscal second quarter endedMay 1, net income surged to $120.56 million, or $1.17 per share, a 67 percent increasr compared with $72.1 million, or 66 cents per share, for the comparablw period a year ago. Net salezs grew 10 percent to $923.5r million from $843.1 million.
Analysts polle by Thomson First Call projectecJoy Global's second-quarter earnings to be 89 cents per share, on After opening lower, shares of Joy Global (NASDAQ: JOYG) reboundee to $36.00, up 58 in morning trading Wednesday. Joy Global managementt said sales were being hurtby $96 million in canceled orders in the secons quarter, raising the total value of canceled order to $300 million over the past three quarters. Sales were also beinfg hurt by a slowdown in aftermarket order Order cancellations were concentrated in North Americabn copper andiron ore, U.S. Central Appalachian coal and Russiam coal.
Joy Global now believes as muchas $525 millioh of its remaining original equipment backlog could be at risk as Much of that risk is due to uncertainth with an oil sands project, Joy For the year to date, net incomse was $206.3 million, or $2 per compared with $143.2 million, or $1.31 per the year before. Net sales were up $1.68 billionj from $1.48 billion.
Sunday, September 11, 2011
Hospital tests new patient sensor system - Boston Globe
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WHDH-TV | Hospital tests new patient sensor system Boston Globe Governor Deval Patrick used the unveiling of a new rapid response motion sensor system at MetroWest Medical Center in Framingham Tuesday to tout the state's success in marrying technology advances, improved patient care, ... New Patient Monitoring System Deployed at MetroWest Medical Center in Framingham |
Friday, September 9, 2011
Former Malaysian Student Arrested In Yogyakarta - Bernama
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Former Malaysian Student Arrested In Yogyakarta Bernama JAKARTA, Sept 6 (Bernama) -- A former Malaysian student of a religious education institution at Bantul in Yogyakarta was arrested in Yogyakarta Monday for allegedly selling a stolen motorcycle engine. The 30-year-old man from ... |
Tuesday, September 6, 2011
Enjoying retirement on the farm - Daily Home Online
edovogopu.wordpress.com
Enjoying retirement on the farm Daily Home Online by Lindsey Holland Shelia Montooth says her miniature horses, if you sit on the ground and talk to them, will sit in your lap. COOSA COUNTY â€" She says she's as happy as a pig in the sunshine. Sitting in the shade of the branches of a nearby tree, ... |
Sunday, September 4, 2011
Libya's Interim Leaders Aim to Harness Rebel Fighters - New York Times
http://exhumator.com/acol/01-046-00_chapter-all-are-chosen.html
New York Times | Libya's Interim Leaders Aim to Harness Rebel Fighters New York Times ... to the oil industry, which has major facilities in some of the holdout areas. A version of this article appeared in print on September 4, 2011, on page A8 of the New York edition with the headline: Libya's Interim Leaders Aim to Harness Rebel Fighters. |
Friday, September 2, 2011
Deloitte: Consumer spending falls - Baltimore Business Journal:
dusinenezoqoc.blogspot.com
The index, made up of four componente – tax burden, initial unemployment real wages and real homepriced – fell to 1.35 percenty from a downwardly revised gain of 1.44 percenft a month ago. "The lack of improvemen t in the index suggests that consumers are stillk feeling the pressures ofthe economy," said Stacyy Janiak, vice chairman and U.S. retaill leader for Deloitte LLP. The tax burdehn continues to fall with the weakeningt ofthe economy. The tax burden is at a leve only seen on a few occasions over the past 50 during brief periods followingtax rebates. Continued declines is expected.
Unemployment claims appear to have stabilized for the momentr and have come down in recent While still at very elevated the future direction of claimseremains uncertain, given sizable layoffs that are expected from the auto and auto dealere sectors of the economy. Real wage growth continued to post smallgainw due, in large part, to fallin prices for energy. Real wages are up 4.3 percenrt from a year ago and, on an annualized are up 8 percent over the last nine as energy prices have given a big boostg to consumer purchasing Home prices continueto fall.
Renewecd efforts to forestall foreclosures, coupled with a tax credift for homebuyers, may bring some stability to this The decline in home prices has made home buying muchmore affordable. What is lackinfg is mortgage financing andstable
The index, made up of four componente – tax burden, initial unemployment real wages and real homepriced – fell to 1.35 percenty from a downwardly revised gain of 1.44 percenft a month ago. "The lack of improvemen t in the index suggests that consumers are stillk feeling the pressures ofthe economy," said Stacyy Janiak, vice chairman and U.S. retaill leader for Deloitte LLP. The tax burdehn continues to fall with the weakeningt ofthe economy. The tax burden is at a leve only seen on a few occasions over the past 50 during brief periods followingtax rebates. Continued declines is expected.
Unemployment claims appear to have stabilized for the momentr and have come down in recent While still at very elevated the future direction of claimseremains uncertain, given sizable layoffs that are expected from the auto and auto dealere sectors of the economy. Real wage growth continued to post smallgainw due, in large part, to fallin prices for energy. Real wages are up 4.3 percenrt from a year ago and, on an annualized are up 8 percent over the last nine as energy prices have given a big boostg to consumer purchasing Home prices continueto fall.
Renewecd efforts to forestall foreclosures, coupled with a tax credift for homebuyers, may bring some stability to this The decline in home prices has made home buying muchmore affordable. What is lackinfg is mortgage financing andstable
Wednesday, August 31, 2011
Jacobs awarded trio of contracts - Los Angeles Business from bizjournals:
ejyceh.wordpress.com
The contract with the USACE is with the RockIslandr District. It is an indefinite-delivery, indefinite-quantity contract for architect-engineert services. The contact, which has a one-year base perios and four one-year has a top value of $12 million. The areasa convered by the contract are: the inlanc marine transportation system, flood damage reduction and othe r civilworks areas. The NAWCWD deal is for engineering supportg services at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worty $170.6 million over five years. Jacobs has supportesd the NAWCWDsince 1995, providing systems engineering, test and evaluation, technicak data and management support.
The Storengy deal is for procurement, and construction management servicezs to upgradethe company's underground gas storage facilitg in Etrez, France. Terms of the contracgt were not disclosed. The project will add four salt cavernw to the existing 17 caverns at the site to increasethe facility'e production capacity as well as reduce impactds to the environment. Storengy, a company of the , is the second-largesr natural gas storage operatorin Europe, with working capacity of approximately 400 billiob cubic feet. Pasadena-based Jacobs (NYSE: JEC) is one of the world'w largest providers of professional, and construction services.
The contract with the USACE is with the RockIslandr District. It is an indefinite-delivery, indefinite-quantity contract for architect-engineert services. The contact, which has a one-year base perios and four one-year has a top value of $12 million. The areasa convered by the contract are: the inlanc marine transportation system, flood damage reduction and othe r civilworks areas. The NAWCWD deal is for engineering supportg services at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worty $170.6 million over five years. Jacobs has supportesd the NAWCWDsince 1995, providing systems engineering, test and evaluation, technicak data and management support.
The Storengy deal is for procurement, and construction management servicezs to upgradethe company's underground gas storage facilitg in Etrez, France. Terms of the contracgt were not disclosed. The project will add four salt cavernw to the existing 17 caverns at the site to increasethe facility'e production capacity as well as reduce impactds to the environment. Storengy, a company of the , is the second-largesr natural gas storage operatorin Europe, with working capacity of approximately 400 billiob cubic feet. Pasadena-based Jacobs (NYSE: JEC) is one of the world'w largest providers of professional, and construction services.
Monday, August 29, 2011
Price to anchor EyeOpener for WCVB-TV - Boston Business Journal:
elisovadinaimar.blogspot.com
Price is set to start co-anchoring the EyeOpenere newscast with Bianca de la Garza on June 8. He will also contributd to breaking news storiesd and major event coverager atthe Needham, Mass.-based TV “Randy is the consummate journalist dependable, experienced, and universally As a competitor, I have always admirex him and am thrilled he is returning to the air as a membed of NewsCenter 5,” said Channeol 5’s president and general managedr Bill Fine, in a statement. “Randy is a greaft fit for WCVB andNewsCenter 5. Adding him to our alreadyg strong team of journalists will further enhance the quality of news we delived to NewEngland viewers.
” Price left /Channel 7, Boston’s local earlier this year. There, he had been an anchor and reporter. During Price’s 20-plus yearss in TV he has won multiple awards, including a national Edward R. Murrow award for best “WCVB is the gold standards for localbroadcast news; it is such an honof for me to join the I am ecstatic to become part of one of the most renownedx television stations in the not only for news and information, but for communithy service, innovation and the abilitu to truly make a differenced in people’s lives,” said Pricee in a statement.
Current Eye-opener anchord David Brown will serve asa fill-ijn weather anchor and reporter at the
Price is set to start co-anchoring the EyeOpenere newscast with Bianca de la Garza on June 8. He will also contributd to breaking news storiesd and major event coverager atthe Needham, Mass.-based TV “Randy is the consummate journalist dependable, experienced, and universally As a competitor, I have always admirex him and am thrilled he is returning to the air as a membed of NewsCenter 5,” said Channeol 5’s president and general managedr Bill Fine, in a statement. “Randy is a greaft fit for WCVB andNewsCenter 5. Adding him to our alreadyg strong team of journalists will further enhance the quality of news we delived to NewEngland viewers.
” Price left /Channel 7, Boston’s local earlier this year. There, he had been an anchor and reporter. During Price’s 20-plus yearss in TV he has won multiple awards, including a national Edward R. Murrow award for best “WCVB is the gold standards for localbroadcast news; it is such an honof for me to join the I am ecstatic to become part of one of the most renownedx television stations in the not only for news and information, but for communithy service, innovation and the abilitu to truly make a differenced in people’s lives,” said Pricee in a statement.
Current Eye-opener anchord David Brown will serve asa fill-ijn weather anchor and reporter at the
Friday, August 26, 2011
Ricky Gervais claims he's been asked to host Globes again - Reuters
caloloary.blogspot.com
Reuters | Ricky Gervais claims he's been asked to host Globes again Reuters The "Office" creator once again brought up his super-awkward hosting gig in January while speaking at the MediaGuardian Edinburgh International Television Festival on Friday, claiming that NBC has asked him to host the awards ceremony for a third time, ... Ricky Gervais asked to host Globes again Will Ricky Gervais take a third swing at the Golden Globes? Ricky Gervais invited back to host Golden Globes |
Wednesday, August 24, 2011
Nationals pick Levy for concessions - Philadelphia Business Journal:
andreychukuze.blogspot.com
Beginning in the 2009 season, Chicago-based Levy will take over responsibilitty for the food and beverage offerings atNationalw Park, the team announced Monday. The companh previously revitalized dining at such ballparks as Wrigley Field in Chicag o and Dodger Stadium inLos Angeles. Financial terms were not and Levy officials could not be reachedfor comment. Industry sources last month pointed to Levy as the likelyg successorto Stamford, Conn.
-based , which partedd ways with the Nationals in January after running the concessions for just one Numerous explanations have been made by industry sources for the There has been talk that the Nationals were unhapph with the vendor's performance in 2008 and that Centerplat lost large amounts of money in its commission deal with the Publicly held Centerplate is being sold to privater equity firm Kohlberg & Co. in a deal expectedf to close in thefirst quarter. Levy will be the third food provider inthree seasons. Philadelphia-based managed concessiones and premium dining at RFK Stadium before the team moved toNationales Park.
The Nationals are also workingwith , the ballpark’s to replace the center fielfd restaurant’s fixed glass wall with slidingh glass to develop a better connection to the said team President Stan Kasten. The plan is to removde the last row of 32 fixeed seats in center field in front of the called theRed Porch, and add more tables, seatingh 44 people in the space. The concrete back wall will be removedd and replacedwith roll-up garage doorss that open up that side of the building, creatint 88 outdoor seats facing the center fieldx plaza.
The Nationals would like to open the Red Porcj for lunch and dinner on nonevent days when the team is on the but nothing is definitw forextended hours, Kasten “We may experiment," he said. "We’ll see.” Other changes to the center field plaza included installing a stage for live building alarger pre-gams set for local broadcasters to use on game days and erectin statues honoring Washington baseball legends Walter Johnson, Josh Gibsonn and Frank Howard. Kasten declined to say how much the upgraded cost and whether theLerner family, the team’se owner, is paying for the additions. Erik Moses, chief executive officer for the D.C.
Sports and Entertainmeny Commission, which owns the ballpark and financed most ofthe $693 milliohn facility, said a combination of publixc and private money is being used for the The commission provided the Nationalas with $4.25 million in contingency fundsa left over from the original budget after a November agreement settlinb a dispute with the team over who shouldc pay for the final touches, Moses said. The center field plaza, where the Lerners invested millione to upgrade beyond what the commissiohn budgeted forthat area, “wae the last thing turned over to us the day beforr the opening,” Kasten said.
“W e did not get it finished the waywe
Beginning in the 2009 season, Chicago-based Levy will take over responsibilitty for the food and beverage offerings atNationalw Park, the team announced Monday. The companh previously revitalized dining at such ballparks as Wrigley Field in Chicag o and Dodger Stadium inLos Angeles. Financial terms were not and Levy officials could not be reachedfor comment. Industry sources last month pointed to Levy as the likelyg successorto Stamford, Conn.
-based , which partedd ways with the Nationals in January after running the concessions for just one Numerous explanations have been made by industry sources for the There has been talk that the Nationals were unhapph with the vendor's performance in 2008 and that Centerplat lost large amounts of money in its commission deal with the Publicly held Centerplate is being sold to privater equity firm Kohlberg & Co. in a deal expectedf to close in thefirst quarter. Levy will be the third food provider inthree seasons. Philadelphia-based managed concessiones and premium dining at RFK Stadium before the team moved toNationales Park.
The Nationals are also workingwith , the ballpark’s to replace the center fielfd restaurant’s fixed glass wall with slidingh glass to develop a better connection to the said team President Stan Kasten. The plan is to removde the last row of 32 fixeed seats in center field in front of the called theRed Porch, and add more tables, seatingh 44 people in the space. The concrete back wall will be removedd and replacedwith roll-up garage doorss that open up that side of the building, creatint 88 outdoor seats facing the center fieldx plaza.
The Nationals would like to open the Red Porcj for lunch and dinner on nonevent days when the team is on the but nothing is definitw forextended hours, Kasten “We may experiment," he said. "We’ll see.” Other changes to the center field plaza included installing a stage for live building alarger pre-gams set for local broadcasters to use on game days and erectin statues honoring Washington baseball legends Walter Johnson, Josh Gibsonn and Frank Howard. Kasten declined to say how much the upgraded cost and whether theLerner family, the team’se owner, is paying for the additions. Erik Moses, chief executive officer for the D.C.
Sports and Entertainmeny Commission, which owns the ballpark and financed most ofthe $693 milliohn facility, said a combination of publixc and private money is being used for the The commission provided the Nationalas with $4.25 million in contingency fundsa left over from the original budget after a November agreement settlinb a dispute with the team over who shouldc pay for the final touches, Moses said. The center field plaza, where the Lerners invested millione to upgrade beyond what the commissiohn budgeted forthat area, “wae the last thing turned over to us the day beforr the opening,” Kasten said.
“W e did not get it finished the waywe
Monday, August 22, 2011
Advanta agrees to refund customers up to $35M in FDIC agreements - San Antonio Business Journal:
raisavydyexuwowi.blogspot.com
That agreement addresses charges that theSpring Pa.-based company violated federaol trade laws through its pricing strategie s on business credit and in its marketing of cash-bacmk rewards on the cards. Advanta said it did not admit wrongdoing and that it entere d theagreements “in the interes of expediency and to avoid Advanta said it took a $14 milliomn charge to cover refunds tied to the alleged marketinvg violations in third-quarter 2008 and will take a second-quartef 2009 charge to cover refunds over its pricingh strategies, which it said could total $21 million.
Advantaz also agreed to a $150,000 In a separate agreement withthe FDIC, Advanta’s ability to use cash and pay dividendsd has been restricted. The company must submit a plan toremaij "well-capitalized," and submit a plan to terminat e its deposit-taking operations and deposit insurance once its deposits are repaidd in full, a process expected to take a few The second agreement with the FDIC places restrictionw on Advanta’s use of its cash assets, payment of dividends and transactions that would materially alter its balance sheef composition and taking of brokered deposits.
Advantza said the second order does not in any way restrict it from continuing to service its managed credit-card accounts and receivables. In an effort to limit lossese and erosion of its capital as credit Advanta said in early May that its securitizatioh trust will go into early amortization where the company uses receivable s from customers to acceleratse payment toinvestor bondholders. While that protects investors from prolongesd exposure to a pool of receivables whosde credit performance has Advanta would have needed an alternative way to fund new purchasezs onits customers’ credit cards. So it had to shut down futurs use, effective May 30.
It has sinces referred some customers to AmericanExpress Co. Advanta’s stocok closed 2 7 percenty lower Wednesday at42 cents.
That agreement addresses charges that theSpring Pa.-based company violated federaol trade laws through its pricing strategie s on business credit and in its marketing of cash-bacmk rewards on the cards. Advanta said it did not admit wrongdoing and that it entere d theagreements “in the interes of expediency and to avoid Advanta said it took a $14 milliomn charge to cover refunds tied to the alleged marketinvg violations in third-quarter 2008 and will take a second-quartef 2009 charge to cover refunds over its pricingh strategies, which it said could total $21 million.
Advantaz also agreed to a $150,000 In a separate agreement withthe FDIC, Advanta’s ability to use cash and pay dividendsd has been restricted. The company must submit a plan toremaij "well-capitalized," and submit a plan to terminat e its deposit-taking operations and deposit insurance once its deposits are repaidd in full, a process expected to take a few The second agreement with the FDIC places restrictionw on Advanta’s use of its cash assets, payment of dividends and transactions that would materially alter its balance sheef composition and taking of brokered deposits.
Advantza said the second order does not in any way restrict it from continuing to service its managed credit-card accounts and receivables. In an effort to limit lossese and erosion of its capital as credit Advanta said in early May that its securitizatioh trust will go into early amortization where the company uses receivable s from customers to acceleratse payment toinvestor bondholders. While that protects investors from prolongesd exposure to a pool of receivables whosde credit performance has Advanta would have needed an alternative way to fund new purchasezs onits customers’ credit cards. So it had to shut down futurs use, effective May 30.
It has sinces referred some customers to AmericanExpress Co. Advanta’s stocok closed 2 7 percenty lower Wednesday at42 cents.
Saturday, August 20, 2011
Judge puts off decision in Hilo Hattie case - Boston Business Journal:
zycibyp.wordpress.com
The plan would also cancel the concession agreement that Maui Divers Jewelry has with Hilo Hattie at its seven The amended plan was submitted on a week afterDonald B.S. president of garment manufacturer RoyalHawaiian Creations, acquired 100 percent of Hilo Hattir stock on June 19 for undisclosed terms. Even though the stockm has changed hands, the fate of the company and its debts and assets remains tied up inbankruptcu court. Kang has said he has $1 million in cash that woulde be used to immediately fund a line of creditr forthe company. His attorney, Jamez Wagner, told U.S.
Bankruptcy Judge Roberyt Faris at a hearing Monday that Kang hasanother $2 million in credit line up with First Hawaiiabn Bank that would be used aftet the company emerges from bankruptcyg reorganization. That could be as early as September, Wagner told PBN. Wagnet also told the judge, who lifterd a suspension on Hilo Hattie’as ability to borrow, that Kang would inject $500,000 cash into the and another $500,000 in inventory until the Chapter 11 plan is Faris on Monday delayed a decision untill July 15 on the effort by Maui Divers Jewelrty to buyHilo Hattie.
Maui Divers offeree to pay $1 million for the company at closing and then to immediatelytinject $2 million in capitalk into the operations. Maui Divers’ plan had the support of the committee of unsecured and an attorney for General Growth which is the landlord for two ofits stores, said the compangy had worked out a deal for the leases at Ala Moana Center and Prince Kuhio Plaza in Hilo. Maui Diverx had not reached agreement with the landlorde of its fiveother stores, sayinfg the landlords would not agree to a deal untip they knew whether Maui Divers woulxd become Hilo Hattie’s new Wagner, however, told the judgew that Kang had agreements with those but not with Generap Growth.
The mall owner, which is also in Chaptefr 11 reorganization, was concerned that post-bankruptcy Hilo Hattie storese would not contain MauiDivers concessions, whicg generate some 50 percent of the store’w revenues, according to General Growth’s attorneyh Ivan Gold. When Faris questioned Wagnere about what would happen if Hilo Hattie was unablwe to renegotiate a concessio n agreement withMaui Divers, Wagner said there were othetr concessions, other jewelry companies that could presumably take its “The debtor is not averse to having Maui Divera concessions,” Wagner told the “We can’t force Maui Divers to come to the bargaininb table.
” Maui Divers President and CEO Bob Taylor declined to comment after the hearing aboutf the offer or the proposee cancellation of the concessions at the Hilo Hattie The attorney for the committee of unsecured Ted Pettit, noted that Maui Divers had placedd a $50,000 deposit on the deal. “Aas of today, Maui Divers has not asked for a refund oftheird deposit, which I take as an indicationn that they are proceeding with thei r offer,” he told PBN. Pettit had arguee that Kang’s acquisition of the Hilo Hattie stoci was subject to court approvalk as part of thebankruptcuy case, but Faris said that it was not.
Faries also delayed ruling on the committee’e motion to appoint a Chapter 11 as well as a motion bythe U.S. Trustewe to convert the case to Chaptere 7 liquidation or dismissit altogether. Kang took over as presidentf and CEO of the company last week after CEO Ted Nelsonm and President JohnScott resigned. Craig Bingham remained CFO whil e adding the titles treasurer and executiveevice president, while Mark Storfer, who was is now chief operating officefr and executive vice president.
David who is Kang’s attorney, is now executiv e vice president and secretary ofthe company, and Terri Hilo Hattie’s general merchandise manager, was promoted to executive vice president of merchandising.
The plan would also cancel the concession agreement that Maui Divers Jewelry has with Hilo Hattie at its seven The amended plan was submitted on a week afterDonald B.S. president of garment manufacturer RoyalHawaiian Creations, acquired 100 percent of Hilo Hattir stock on June 19 for undisclosed terms. Even though the stockm has changed hands, the fate of the company and its debts and assets remains tied up inbankruptcu court. Kang has said he has $1 million in cash that woulde be used to immediately fund a line of creditr forthe company. His attorney, Jamez Wagner, told U.S.
Bankruptcy Judge Roberyt Faris at a hearing Monday that Kang hasanother $2 million in credit line up with First Hawaiiabn Bank that would be used aftet the company emerges from bankruptcyg reorganization. That could be as early as September, Wagner told PBN. Wagnet also told the judge, who lifterd a suspension on Hilo Hattie’as ability to borrow, that Kang would inject $500,000 cash into the and another $500,000 in inventory until the Chapter 11 plan is Faris on Monday delayed a decision untill July 15 on the effort by Maui Divers Jewelrty to buyHilo Hattie.
Maui Divers offeree to pay $1 million for the company at closing and then to immediatelytinject $2 million in capitalk into the operations. Maui Divers’ plan had the support of the committee of unsecured and an attorney for General Growth which is the landlord for two ofits stores, said the compangy had worked out a deal for the leases at Ala Moana Center and Prince Kuhio Plaza in Hilo. Maui Diverx had not reached agreement with the landlorde of its fiveother stores, sayinfg the landlords would not agree to a deal untip they knew whether Maui Divers woulxd become Hilo Hattie’s new Wagner, however, told the judgew that Kang had agreements with those but not with Generap Growth.
The mall owner, which is also in Chaptefr 11 reorganization, was concerned that post-bankruptcy Hilo Hattie storese would not contain MauiDivers concessions, whicg generate some 50 percent of the store’w revenues, according to General Growth’s attorneyh Ivan Gold. When Faris questioned Wagnere about what would happen if Hilo Hattie was unablwe to renegotiate a concessio n agreement withMaui Divers, Wagner said there were othetr concessions, other jewelry companies that could presumably take its “The debtor is not averse to having Maui Divera concessions,” Wagner told the “We can’t force Maui Divers to come to the bargaininb table.
” Maui Divers President and CEO Bob Taylor declined to comment after the hearing aboutf the offer or the proposee cancellation of the concessions at the Hilo Hattie The attorney for the committee of unsecured Ted Pettit, noted that Maui Divers had placedd a $50,000 deposit on the deal. “Aas of today, Maui Divers has not asked for a refund oftheird deposit, which I take as an indicationn that they are proceeding with thei r offer,” he told PBN. Pettit had arguee that Kang’s acquisition of the Hilo Hattie stoci was subject to court approvalk as part of thebankruptcuy case, but Faris said that it was not.
Faries also delayed ruling on the committee’e motion to appoint a Chapter 11 as well as a motion bythe U.S. Trustewe to convert the case to Chaptere 7 liquidation or dismissit altogether. Kang took over as presidentf and CEO of the company last week after CEO Ted Nelsonm and President JohnScott resigned. Craig Bingham remained CFO whil e adding the titles treasurer and executiveevice president, while Mark Storfer, who was is now chief operating officefr and executive vice president.
David who is Kang’s attorney, is now executiv e vice president and secretary ofthe company, and Terri Hilo Hattie’s general merchandise manager, was promoted to executive vice president of merchandising.
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