dyakonostrlin.blogspot.com
The amendment to the deal would giveuntil Dec. 1, 2011, to complete its $1 millionj purchase of the Carolina Theatre from the The extension would come at no cost to which plans to restore the theater and attacha high-end condo tower at the property, located at Sixth and North Tryon streets. The firm was facing a July 17 closint deadline to buy the site and is stilpl trying tosecure 30% of the financing it needs to develoop the condo tower, caller Encore. The company has made $250,000 in nonrefundable depositws tothe city. It also has presolfd eight of the 20 plannedr residentialunits — which start at $1.
75 million — and all five floors of plannecd commercial space, according to city documents. But the fina leg of financing, in the form of mezzaninee debt, has been hard to come by due to volatility in the credit markets and uncertainttsurrounding Charlotte’s real estate market.
Saturday, December 29, 2012
Friday, December 28, 2012
Fisc cliff not worrying mkts; may rise 15% in 2013: Ambit - Moneycontrol.com
idozxun.blogspot.com
Fisc cliff not worrying mkts; may rise 15% in 2013: Ambit Moneycontrol.com Andrew Holland of Ambit Capital believes a solution to the US fiscal cliff could be around the corner. Going into 2013, Holland feels the markets are set for all-time highs and may even book gains of around 15 percent. Bazaar at 08:00 am ... |
Thursday, December 27, 2012
Hawaii fish farm wants to invest $13 million to quadruple moi production - Houston Business Journal:
aleksanovlsys.blogspot.com
, which is owned by of Lihue, Kauai, is seekiny permits to expand its state ocean lease from 28 acres to61 acres. That would enable the Kailua-based company to quadruple the volume of its cagew and increase productionfrom 1.2 million pounds to 5 million pounds annually. The expansion requires four permits, which the compant applied for late last month two from thestate , one from the state Health Departmengt and a federal permit. Hukilau, which grew out of a project in thelate 1990s, expectx the expansion to generate $20 million in annual with wholesale prices of about $4 a pound.
The company sellxs its product almost entirely within the to restaurantsand markets, said co-owner and CEO Rand y Cates. Hukilau’s current operation includes foursubmergerd cages, each measuring 3,000 cubifc meters in size. Its permiyt applications seek approval to replace the existinvg cages with eight new ones that are doubl e the current cage The larger set would still be two miles offshoree inMamala Bay. The expansion is expected to cost $13 which Cates said will be financed through federall loans andprivate funds.
He expectes the permitting process to be completed in the first quarter of next Hukilau also is building afingerling (babyu fish) hatchery in Campbell Industrial Park in The facility is expected to be completed this year and produced about 10 million fingerlings annually. If approved, Hukilau Foods’ expansiom would follow the downsizing of Kona BlueWater Hawaii’s only other open-ocean fish farm. The Kona farm announced earlietr this year that it will reduc e annual production of its farmed Hawaiianb yellowtail from 1 million poundxto 600,000 pounds. Hukilau Foods grew out of a UH aquaculturs research projectthat Cates, a former commercial took over in 1999.
He formed in 2000 to convertf thepilot open-ocean farm into a In 2007, Grove Farm Co. acquiref Cates’ company and renamed it Grove Farm Fish andPoi LLC, whichj does business as Hukilauy Foods.
, which is owned by of Lihue, Kauai, is seekiny permits to expand its state ocean lease from 28 acres to61 acres. That would enable the Kailua-based company to quadruple the volume of its cagew and increase productionfrom 1.2 million pounds to 5 million pounds annually. The expansion requires four permits, which the compant applied for late last month two from thestate , one from the state Health Departmengt and a federal permit. Hukilau, which grew out of a project in thelate 1990s, expectx the expansion to generate $20 million in annual with wholesale prices of about $4 a pound.
The company sellxs its product almost entirely within the to restaurantsand markets, said co-owner and CEO Rand y Cates. Hukilau’s current operation includes foursubmergerd cages, each measuring 3,000 cubifc meters in size. Its permiyt applications seek approval to replace the existinvg cages with eight new ones that are doubl e the current cage The larger set would still be two miles offshoree inMamala Bay. The expansion is expected to cost $13 which Cates said will be financed through federall loans andprivate funds.
He expectes the permitting process to be completed in the first quarter of next Hukilau also is building afingerling (babyu fish) hatchery in Campbell Industrial Park in The facility is expected to be completed this year and produced about 10 million fingerlings annually. If approved, Hukilau Foods’ expansiom would follow the downsizing of Kona BlueWater Hawaii’s only other open-ocean fish farm. The Kona farm announced earlietr this year that it will reduc e annual production of its farmed Hawaiianb yellowtail from 1 million poundxto 600,000 pounds. Hukilau Foods grew out of a UH aquaculturs research projectthat Cates, a former commercial took over in 1999.
He formed in 2000 to convertf thepilot open-ocean farm into a In 2007, Grove Farm Co. acquiref Cates’ company and renamed it Grove Farm Fish andPoi LLC, whichj does business as Hukilauy Foods.
Tuesday, December 25, 2012
'Zynga has done free-to-play a terrible disservice' - SOE boss - Computerandvideogames.com
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'Zynga has done free-to-play a terrible disservice' - SOE boss Computerandvideogames.com PC News · PC Reviews · PC Previews · PC Features · PC Interviews · PC Gamer · Forums · Xbox forums · PlayStation forums · Nintendo forums · PC forums · Off Topic forum · Store · Free Games · Aliens Colonial Marines. Trending now Elder Scrolls V: Skyrim ... |
Monday, December 24, 2012
City passes on buying ex-forge site - Business First of Buffalo:
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At issue was how much BUDC is willingg to pay forthe 12.5 acree that the site’s owner, , wants to The land carries a $295,000 pricse tag, but the development agencyy has countered with a $60,000 offer, citingg potential environmental issues with the formee industrial site. BUDC and Howden had until May 18 to striks a deal or the city development agencuy could back away fromthe deal. When the potentialo sale price could notbe reached, BUDC officials decided to end negotiations with Howden Inc. The move was not “We decided not to move said David Stebbins, BUDC vice A $10,000 deposit was returnefd to BUDC.
Stebbins said environmental work conductedr during the due diligence period may help any future buyer forthe “They will be better informed,” Stebbinw said. Hanging in the balance is a proposalfrom Rev. Matthewq Brown from the to use the land as the home fora $17 millionh urban redevelopment effort that will be anchoredf by a series of residential projects and community Stebbins said he hopes to meet with Browm later this week to see if that projecty will continue to advance, “If they want to do it on theie own, maybe there’s something we can do to help them,” Stebbina said.
At issue was how much BUDC is willingg to pay forthe 12.5 acree that the site’s owner, , wants to The land carries a $295,000 pricse tag, but the development agencyy has countered with a $60,000 offer, citingg potential environmental issues with the formee industrial site. BUDC and Howden had until May 18 to striks a deal or the city development agencuy could back away fromthe deal. When the potentialo sale price could notbe reached, BUDC officials decided to end negotiations with Howden Inc. The move was not “We decided not to move said David Stebbins, BUDC vice A $10,000 deposit was returnefd to BUDC.
Stebbins said environmental work conductedr during the due diligence period may help any future buyer forthe “They will be better informed,” Stebbinw said. Hanging in the balance is a proposalfrom Rev. Matthewq Brown from the to use the land as the home fora $17 millionh urban redevelopment effort that will be anchoredf by a series of residential projects and community Stebbins said he hopes to meet with Browm later this week to see if that projecty will continue to advance, “If they want to do it on theie own, maybe there’s something we can do to help them,” Stebbina said.
Sunday, December 23, 2012
Now No. 2, go! has its own money challenges - Pacific Business News (Honolulu):
stockdaleiqemico1521.blogspot.com
So now the question is whetherthe Phoenix-based airline can handle the Aviation industry experts say go!'s fleet of 50-passenger CRJ-200s can't handle the passenged load needed to successfully compete against No. 1 . Jonathanj Ornstein agrees. "We have said from the very beginnin that we were looking at bigger said Ornstein, president and CEO of go! parentf company . "But that's still a little bit down the We may not need to expand capacity or add more but flying 10 flights ona 90-seatefr would be much more cost efficient than flying 17 flightsa on a 50-seater." Go!
this week increases its daily interisland flights from 54 to 94 and is bringingy in an eighth plane later this But even those flightxs don't add up to the capacitg left by Aloha, whose 737s carried aboutr 130 passengers between the Islands. Aloha stillk carried about one-third of Hawaii interisland passengers in includingsome 760,000 to the Big Island and 740,000o to Maui. If go! is to claimj Aloha's position and Mesa has to quickly reverse its downward revenued trajectory and woo back localcustomers who, stunned by Aloha's may prefer Hawaiian over go!
"I think two carriers can be accommodatec and survive and serve said George Hamlin, managing director of ACA an aviation and aerospace consulting firm in Fairfax, Va. "Mes a would not have entered themarkert otherwise. "But this is not a wildluy profitable market, and there have been barrier to others tryingto enter. Has anyonre ever made any real moneyin it?" Mesa and all airlines are struggling with the sudden increase in jet fuel up 69 percent in the past year. But farew have only risen incrementally, draining profits from an industryh that had just started to recoverr from the 2001 recession and the 11 attacks.
"I don't know what their cash balanc e is, but if Mesa were to lose eitherrthe [$80 million] Hawaiian lawsuitg appeal or the Aloha lawsuit, that wouldc be a significant blow," Hamlin referring to two lawsuits filed against Mesa by the Hawaik airlines. Demand for Mesa's regional services on the Mainland, "has slackened considerably," he said. Throughj code-sharing operations, Mesa operates as US Airways Delta Connection andUnitesd Express. It also flies independently as andas go! Expres through Hawaii-based Mokulele Airlines. That translates into more than 180 aircraftr with morethan 1,10o0 daily departures to 170 cities in 46 Canada, Mexico and the Bahamas.
And in October, Mesa launched a joint venture with Shenzhen Airlinese in China to fly regional routes Butthe company, which employees 5,00 and generates revenue exceeding $1.4 billio annually, also is losing money. Thanks to the Hawaiian rulint and troubles with its AirMidwest Mesa's losses in 2007 totaled $81.5 million, a sharp contrast to the $33.90 million profit in 2006. Mesa lost $2.8 million in the firsgt quarterof 2008. Mesa also is dealing with the publix relations nightmare over reports thattwo go! pilots fell aslee while flying the 200 miles from Honolulu to Hilo in The pilots were firer and the Federal Aviation Administratiom is investigating.
And on Tuesday, Mesa complained publicly that Deltsa Air Lines intended to terminate the DeltaConnection agreement, a potentialluy costly development.
So now the question is whetherthe Phoenix-based airline can handle the Aviation industry experts say go!'s fleet of 50-passenger CRJ-200s can't handle the passenged load needed to successfully compete against No. 1 . Jonathanj Ornstein agrees. "We have said from the very beginnin that we were looking at bigger said Ornstein, president and CEO of go! parentf company . "But that's still a little bit down the We may not need to expand capacity or add more but flying 10 flights ona 90-seatefr would be much more cost efficient than flying 17 flightsa on a 50-seater." Go!
this week increases its daily interisland flights from 54 to 94 and is bringingy in an eighth plane later this But even those flightxs don't add up to the capacitg left by Aloha, whose 737s carried aboutr 130 passengers between the Islands. Aloha stillk carried about one-third of Hawaii interisland passengers in includingsome 760,000 to the Big Island and 740,000o to Maui. If go! is to claimj Aloha's position and Mesa has to quickly reverse its downward revenued trajectory and woo back localcustomers who, stunned by Aloha's may prefer Hawaiian over go!
"I think two carriers can be accommodatec and survive and serve said George Hamlin, managing director of ACA an aviation and aerospace consulting firm in Fairfax, Va. "Mes a would not have entered themarkert otherwise. "But this is not a wildluy profitable market, and there have been barrier to others tryingto enter. Has anyonre ever made any real moneyin it?" Mesa and all airlines are struggling with the sudden increase in jet fuel up 69 percent in the past year. But farew have only risen incrementally, draining profits from an industryh that had just started to recoverr from the 2001 recession and the 11 attacks.
"I don't know what their cash balanc e is, but if Mesa were to lose eitherrthe [$80 million] Hawaiian lawsuitg appeal or the Aloha lawsuit, that wouldc be a significant blow," Hamlin referring to two lawsuits filed against Mesa by the Hawaik airlines. Demand for Mesa's regional services on the Mainland, "has slackened considerably," he said. Throughj code-sharing operations, Mesa operates as US Airways Delta Connection andUnitesd Express. It also flies independently as andas go! Expres through Hawaii-based Mokulele Airlines. That translates into more than 180 aircraftr with morethan 1,10o0 daily departures to 170 cities in 46 Canada, Mexico and the Bahamas.
And in October, Mesa launched a joint venture with Shenzhen Airlinese in China to fly regional routes Butthe company, which employees 5,00 and generates revenue exceeding $1.4 billio annually, also is losing money. Thanks to the Hawaiian rulint and troubles with its AirMidwest Mesa's losses in 2007 totaled $81.5 million, a sharp contrast to the $33.90 million profit in 2006. Mesa lost $2.8 million in the firsgt quarterof 2008. Mesa also is dealing with the publix relations nightmare over reports thattwo go! pilots fell aslee while flying the 200 miles from Honolulu to Hilo in The pilots were firer and the Federal Aviation Administratiom is investigating.
And on Tuesday, Mesa complained publicly that Deltsa Air Lines intended to terminate the DeltaConnection agreement, a potentialluy costly development.
Friday, December 21, 2012
Tedco awards $600K to tech firms - Triangle Business Journal:
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The money was granted in collaboration withthe U.S. Army Medicalp Research and Materiel Command and the throughthe Ft. Detricj Technology Transfer Initiative. The purpose of the technologg transfer program is to raise awareness of new and developing technologied and funding them to transition as viable projectsfor follow-on funding in the market place. Each compang that received funding was awardedapproximately $50,009 between March 2008 and May making up the initiative’s second round of financial awards sincr its $750,000 program extension. The funda for the program’s second phase were secured by Sen. Barbaraw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, R-Md. “Ths [Ft.
Detrick Technology Transfer Initiative] progran is enabling area businesses to harness the technologiees being developed at Fort Detricmk and apply them to thecommercial sector,” said Mikulski. “Thisa will lead to new products that have the powedr to create jobs and save Mikulski announced the first phase of the tech transfe program in March 2005 when 11 companiesreceivesd funding. in Rockville: The company is developing a health care technologyy calledmiTag system, which is a scalable wireless sensor solution for improvingy patient flow. in Frederick: The companty is developing a technology called the GeNova Screento isolate, and produce antibody-like molecules.
in The company is developing an on-demansd biotech products including a combinatiob vaccine against plague and BioAssay Works LLCin Ijamsville: The companyt is developing a lateral-flow visual diagnostic test to detecty and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testin g a medical product called which is a non-compressible, intracavitary hemostatic agent. CynerGenw IDMP in Frederick: The company is validating and implementing a supplemental diagnosisof HIV, and Dengue using its Infectious Diseasde Multiplex Panel approach, which could allow for creatioj of biosensors.
LLC in Baltimore: The company is developint required components and system framework to enable conversationalp interfaces for telemedicine Such tools would allow professional medicsx touse voice, gesture, and othefr human-- computer interactions to access and document information in electronic medical records. in The company is developing technologuy to preserve mammalian cells in dried format that can easilube re-hydrated for a variety of uses. LLC in The company is evaluating the effect of Imagilin patentesd probiotics as a food supplement to enhancer the immune responsiveness of guinea pigs upon immunization or challengr withvirulent pathogens.
The evaluatiojn will suggest the ability of Imagilin patented probiotics to enhanced the immunization ofa vaccine. in The company is developing micropatterne d substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyg is customizing its Wearable Assistance and SituationalAwarenesse (WASA) goggles and service to allowq U.S. Army combat medics to accesas and document information to electricalk medical recordsvia hands-free voice-requests and voice-responses. in Baltimore: The companty is developing cell therapies to treat brain and spinakcord injuries.
The money was granted in collaboration withthe U.S. Army Medicalp Research and Materiel Command and the throughthe Ft. Detricj Technology Transfer Initiative. The purpose of the technologg transfer program is to raise awareness of new and developing technologied and funding them to transition as viable projectsfor follow-on funding in the market place. Each compang that received funding was awardedapproximately $50,009 between March 2008 and May making up the initiative’s second round of financial awards sincr its $750,000 program extension. The funda for the program’s second phase were secured by Sen. Barbaraw Mikulski, D-Md., and Rep. Roscoe G. Bartlett, R-Md. “Ths [Ft.
Detrick Technology Transfer Initiative] progran is enabling area businesses to harness the technologiees being developed at Fort Detricmk and apply them to thecommercial sector,” said Mikulski. “Thisa will lead to new products that have the powedr to create jobs and save Mikulski announced the first phase of the tech transfe program in March 2005 when 11 companiesreceivesd funding. in Rockville: The company is developing a health care technologyy calledmiTag system, which is a scalable wireless sensor solution for improvingy patient flow. in Frederick: The companty is developing a technology called the GeNova Screento isolate, and produce antibody-like molecules.
in The company is developing an on-demansd biotech products including a combinatiob vaccine against plague and BioAssay Works LLCin Ijamsville: The companyt is developing a lateral-flow visual diagnostic test to detecty and differentiate single sample multiple pathogenic including variola, vaccinia, and in Catonsville: The company is safety-testin g a medical product called which is a non-compressible, intracavitary hemostatic agent. CynerGenw IDMP in Frederick: The company is validating and implementing a supplemental diagnosisof HIV, and Dengue using its Infectious Diseasde Multiplex Panel approach, which could allow for creatioj of biosensors.
LLC in Baltimore: The company is developint required components and system framework to enable conversationalp interfaces for telemedicine Such tools would allow professional medicsx touse voice, gesture, and othefr human-- computer interactions to access and document information in electronic medical records. in The company is developing technologuy to preserve mammalian cells in dried format that can easilube re-hydrated for a variety of uses. LLC in The company is evaluating the effect of Imagilin patentesd probiotics as a food supplement to enhancer the immune responsiveness of guinea pigs upon immunization or challengr withvirulent pathogens.
The evaluatiojn will suggest the ability of Imagilin patented probiotics to enhanced the immunization ofa vaccine. in The company is developing micropatterne d substrates for viralinfectivity assays. Juxtopia in Baltimore: The companyg is customizing its Wearable Assistance and SituationalAwarenesse (WASA) goggles and service to allowq U.S. Army combat medics to accesas and document information to electricalk medical recordsvia hands-free voice-requests and voice-responses. in Baltimore: The companty is developing cell therapies to treat brain and spinakcord injuries.
Thursday, December 20, 2012
Dayton region lands stimulus funds to improve water quality - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
The added three Montgomery County projects to its revised American Recovergy and Reinvestment Actfundable list. Lesher Drive Sanitary Sewet Rehabilitation willreceive $150,000 in water pollution controlo loan funds; • Souty Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receivee $1.2 million in stimulus funds. Finapl approval of these projects and others announced earlier are stilk subject to regulatory Other Dayton-area projects scheduled to receive fundinf include $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 million to upgrade high servicew pumps in Sidney, and $1.
8 millionn for a metering project in Sidney. The states is receiving $58.5 million in stimulus fundin g for drinking water projectsand $220.5 million in stimulus funding for water pollution control
The added three Montgomery County projects to its revised American Recovergy and Reinvestment Actfundable list. Lesher Drive Sanitary Sewet Rehabilitation willreceive $150,000 in water pollution controlo loan funds; • Souty Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receivee $1.2 million in stimulus funds. Finapl approval of these projects and others announced earlier are stilk subject to regulatory Other Dayton-area projects scheduled to receive fundinf include $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 million to upgrade high servicew pumps in Sidney, and $1.
8 millionn for a metering project in Sidney. The states is receiving $58.5 million in stimulus fundin g for drinking water projectsand $220.5 million in stimulus funding for water pollution control
Monday, December 17, 2012
U.S. home builder mood dips, but up in West - Portland Business Journal:
batyushkinuxit.blogspot.com
The / Housing Market Index declined one point to 15 in but rose two pointse in the Western regionto 14. “The outloo for home sales has improved somewhat inrecengt months, due largely to implementation of the first-time home buye r tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Okla. “However, looking forward, home builders are facing a few including expiration of the tax credit at the end of a recent upturn in interest and especially the continuing lack of credi t for housing production Two out of three ofthe HMI’s componen indexes were unchanged in June, including the index gaugingv current home sales, which held at 14, and the indexd gauging traffic of prospective which held at 13.
Meanwhile, the indexs gauging expectations for the next six months declined asingle point, to 26. The nationalk decline was driven entirely by builders in the which isthe nation’s largestg housing market. There, the HMI declinef 3 points to 15, while the rest of the regionssposted gains. In addition to the gain in the West, the Northeastf had a one-point gain to 20 and the Midwest showeda one-poing gain to 15.
The / Housing Market Index declined one point to 15 in but rose two pointse in the Western regionto 14. “The outloo for home sales has improved somewhat inrecengt months, due largely to implementation of the first-time home buye r tax credit and gains in housing affordability,” said NAHB Chairman Joe a home builder from Okla. “However, looking forward, home builders are facing a few including expiration of the tax credit at the end of a recent upturn in interest and especially the continuing lack of credi t for housing production Two out of three ofthe HMI’s componen indexes were unchanged in June, including the index gaugingv current home sales, which held at 14, and the indexd gauging traffic of prospective which held at 13.
Meanwhile, the indexs gauging expectations for the next six months declined asingle point, to 26. The nationalk decline was driven entirely by builders in the which isthe nation’s largestg housing market. There, the HMI declinef 3 points to 15, while the rest of the regionssposted gains. In addition to the gain in the West, the Northeastf had a one-point gain to 20 and the Midwest showeda one-poing gain to 15.
Sunday, December 16, 2012
Glean tips from "Tipping Point" - Business First of Buffalo:
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Gladwell identifies three kinds of people who have the ability to influence us and effectysweeping change. He calls them Connectors, Maven s and Salesmen. Since all three personalitgy types are essential in creatintsocial change, it helps to recognize the people in your work environmenr who fit each category. Let's start with Connectors. Gladwell researched a 1974 studycalled "Getting a Job" by Mark Granovette r and found that half of employed people foundr their jobs through a personal But when the "quality" of thesd connections was analyzed, the studies proved that people don't get their jobs through friends; they get them through Gladwell makes a strong case: "Weak ties are always more importanf than strong ties.
" Your friends tend to occupty the same world you do; they go to the same stores and social gatherings. But acquaintances are more likely to know abourtjob openings, for example, that you don't. Peoplde who have the most intricate web of acquaintances are the Mavens are information brokers because they shares and trade whatthey know. Mavens, accordingg to Gladwell, "have the knowledges and the social skills tostart word-of-mouth epidemics. It'sd not so much what they know, but how they pass it When it comes to startinga trend, we need a Connector who will spread the word and a Maven whosee word will be trusted. But we also need a Salesman who has the skillsato persuade.
Good salespeople seem to have an Attractiveness and optimismare givens, but Gladwell pointa out just how persuasive nonverbal and even subliminal messages can be. Look at the world arouncd you. It may seem like an implacable place. It is not. With the slightes push -- in just the right placr -- it can be tipped.
Gladwell identifies three kinds of people who have the ability to influence us and effectysweeping change. He calls them Connectors, Maven s and Salesmen. Since all three personalitgy types are essential in creatintsocial change, it helps to recognize the people in your work environmenr who fit each category. Let's start with Connectors. Gladwell researched a 1974 studycalled "Getting a Job" by Mark Granovette r and found that half of employed people foundr their jobs through a personal But when the "quality" of thesd connections was analyzed, the studies proved that people don't get their jobs through friends; they get them through Gladwell makes a strong case: "Weak ties are always more importanf than strong ties.
" Your friends tend to occupty the same world you do; they go to the same stores and social gatherings. But acquaintances are more likely to know abourtjob openings, for example, that you don't. Peoplde who have the most intricate web of acquaintances are the Mavens are information brokers because they shares and trade whatthey know. Mavens, accordingg to Gladwell, "have the knowledges and the social skills tostart word-of-mouth epidemics. It'sd not so much what they know, but how they pass it When it comes to startinga trend, we need a Connector who will spread the word and a Maven whosee word will be trusted. But we also need a Salesman who has the skillsato persuade.
Good salespeople seem to have an Attractiveness and optimismare givens, but Gladwell pointa out just how persuasive nonverbal and even subliminal messages can be. Look at the world arouncd you. It may seem like an implacable place. It is not. With the slightes push -- in just the right placr -- it can be tipped.
Saturday, December 15, 2012
U.S. Century Bank seeks foreclosure on 10-acre Miami site - South Florida Business Journal:
hihozeima.blogspot.com
The Doral-based bank filed a notice of foreclosure on April 28against Miami-based Estates at the Colonial Drive Estates and managing members Bernard Kopel, Enrique Kopel and Jose A. according to county court records. The lawsuit is basef on a mortgage madeby U.S. Century Bank in April 2007 for $7 millioj and last modified in Novembedr 2007with $2.5 million outstanding. Jose Kopeol said his company would challengethe bank’sd foreclosure lawsuit. He declined to discuss the situation with his Kopel said the Estates at the Groves projectr is in the middle of The Web site for the projecty says the master developer isBrighr Builders, a division of Sib-Con.
The site is at the northeasyt corner of ColonialDrive (Southwest 160tbh Street) and Newton Road (Southwest 157th in the Country Walk area. The developer filesd a notice of commencement to build12 single-family homes there in 2007. Miamki attorney Aliette Rodz, who represents U.S. Century Bank, was not able to commenrt on the lawsuit. U.S. Centuruy Bank reported $81.7 million in noncurrent loans, representing 5.6 percent of its total loans, as of March 31.
The Doral-based bank filed a notice of foreclosure on April 28against Miami-based Estates at the Colonial Drive Estates and managing members Bernard Kopel, Enrique Kopel and Jose A. according to county court records. The lawsuit is basef on a mortgage madeby U.S. Century Bank in April 2007 for $7 millioj and last modified in Novembedr 2007with $2.5 million outstanding. Jose Kopeol said his company would challengethe bank’sd foreclosure lawsuit. He declined to discuss the situation with his Kopel said the Estates at the Groves projectr is in the middle of The Web site for the projecty says the master developer isBrighr Builders, a division of Sib-Con.
The site is at the northeasyt corner of ColonialDrive (Southwest 160tbh Street) and Newton Road (Southwest 157th in the Country Walk area. The developer filesd a notice of commencement to build12 single-family homes there in 2007. Miamki attorney Aliette Rodz, who represents U.S. Century Bank, was not able to commenrt on the lawsuit. U.S. Centuruy Bank reported $81.7 million in noncurrent loans, representing 5.6 percent of its total loans, as of March 31.
Thursday, December 13, 2012
How Non-Profits Relied on Social Media in 2012 [INFOGRAPHIC] - Mashable
llrx-royce.blogspot.com
How Non-Profits Relied on Social Media in 2012 [INFOGRAPHIC] Mashable Fundraising for non-profits is no easy task. No matter how noble the cause, getting folks to part with their hard-earned cash presents a tricky challenge. But, more than ever, non-profits are relying on social media to reach their target audiences and ... |
Wednesday, December 12, 2012
Brywood Centre construction will start later in the summer - Washington Business Journal:
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The approved Tri-Land’s plan to redevelolp the at 63rd Streeft and Blue Ridge Cutofflast month. The approved $5.6 milliob in TIF reimbursements forthe $30.87 million project in June 2008. Tri-Land is basee in Westchester, Ill. “We are very excited to be movingy forward with thisredevelopment project,” Tri-Land Executive Vice Presidentg Hugh Robinson said in a “We have had a greag relationship with the city and the two districyt council members, Terry Riley and Cindhy Circo, throughout this process.
We look forwarx to delivering a renewed, high-quality project to this great Redevelopment ofthe 183,000-square-foot center will include a new facade, updatedf signage and lighting, landscapinb upgrades, expansion of a Price Choppee supermarket that anchors the center and increased pad-sitre availability along 63rd Street. Tri-Land also hopese to announce a new anchor tenan t soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 million square feet of retail space inthe Midwest, Mid-Atlantic and Southeastt regions of the country.
It specializesz in acquiring and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 squarew feet.
The approved Tri-Land’s plan to redevelolp the at 63rd Streeft and Blue Ridge Cutofflast month. The approved $5.6 milliob in TIF reimbursements forthe $30.87 million project in June 2008. Tri-Land is basee in Westchester, Ill. “We are very excited to be movingy forward with thisredevelopment project,” Tri-Land Executive Vice Presidentg Hugh Robinson said in a “We have had a greag relationship with the city and the two districyt council members, Terry Riley and Cindhy Circo, throughout this process.
We look forwarx to delivering a renewed, high-quality project to this great Redevelopment ofthe 183,000-square-foot center will include a new facade, updatedf signage and lighting, landscapinb upgrades, expansion of a Price Choppee supermarket that anchors the center and increased pad-sitre availability along 63rd Street. Tri-Land also hopese to announce a new anchor tenan t soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 million square feet of retail space inthe Midwest, Mid-Atlantic and Southeastt regions of the country.
It specializesz in acquiring and revitalizing distressed and undervalued community centers ranginygfrom 100,000 square feet to 750,000 squarew feet.
Sunday, December 9, 2012
Big earnings on Monday: TI, ABM Industries, Greif - MarketWatch
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Big earnings on Monday: TI, ABM Industries, Greif MarketWatch ABM Industries Inc. (NYSE:ABM) is expected to report fourth-quarter earnings of 44 cents a share. Greif Inc. (NYSE:GEF) is forecast to post fourth-quarter earnings of 56 cents a share. This Story has 0 Comments. Read them & join the conversation. More ... |
Saturday, December 8, 2012
Fred
paramonaxogilozi.blogspot.com
The Memphis-based discount retailer reported saleof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. Thesde numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percentt compared to last May. Comparablre store sales in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the company reportefd total sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agko period.
However, excluding stores closed in 2008, salew from ongoing stores increased 4 percenty compared to thesame four-month periox last year. On a comparable storwe basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operatesd 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
The Memphis-based discount retailer reported saleof $134.7 million for May, down 6 percent compared to salew of $143.4 million in May 2008. Thesde numbers include Fred’s FRED) closing 74 underperforming stores and 23 Excludingthose stores, Fred’s sales increased 1 percentt compared to last May. Comparablre store sales in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the company reportefd total sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agko period.
However, excluding stores closed in 2008, salew from ongoing stores increased 4 percenty compared to thesame four-month periox last year. On a comparable storwe basis, year-to-date sales increased 2.1 percent compared to 2.4 percent last Fred’s opened one new pharmacy in May. Fred’s operatesd 666 discount merchandise including 24 franchised stores Shares closed down 12 centsto $14.22 per shar Wednesday.
Wednesday, December 5, 2012
Mergers: Districts ponder joining forces - Business First of Buffalo:
titus-neither.blogspot.com
The Town of Tonawanda resident headedthe 17-member board for seven years befors stepping down in March. Yet he didn’t retire. He continuees to serve as WesternNew York’s regent, and he remains as outspoke n as ever about educational One of his pet topicx is the sheer number of local school There are too many of them, he says, and theidr enrollments are generally too small. “Why do you need 28 schoopl districts inErie County?” he asks. “I’ed like to see somethint like five districts in the countyh insteadof 28. I’d even like to start talkinv about a countywideschool district, like they have in North Carolina and a few other states.
” Bennett’sd stand is buttressed by a report released last Decembefr by the State Commission on Property Tax “New York State has too many school the report says flatly. It suggests that districtsw with fewerthan 1,000 students should be required to merg with adjacent systems, and districtsa with enrollments between 1,000 and 2,00o0 should be encouraged to follow Such proposals hit home in Western New where 66 of the region’s 98 school districtsd have enrollments below 2,000, including 38 with fewer than 1,000p students from kindergarten through 12th grade.
The heart of this issure is a matter of benefitas andcosts -- pitting the perceived advantageas of combining two or more districtws against the potential loss of loca l control and self-identity. Advocates maintain that mergerx allow consolidated districts to be more construct better schools and offer a widert range ofchallenging courses. “It’s not only a financial To me, it’s a mattert of equity,” says Bennett.
“If you had a regionaol high school, maybe serving seven or eight ofthe districts, it would give kids the opportunity to work with each otherf -- and to have the best of the But opponents contend that merger bring more bureaucracy, longer bus ridess for students and diminution of locakl pride. “In this community, the world revolves arounr this school,” says Thomas Schmidt, superintendent of the 478-pupil Sherman Central School District inChautauqua County. “I f the school went away, Sherman, N.Y., woulsd lose a great deal of its identity.
” School consolidation has been a emotional issue for a The state was crosshatchedby 10,5655 districts in 1910, many of them centeresd on one-room schoolhouses. A push for greatere efficiency reduced that numberto 6,4009 by the outbreak of World War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupils per district, whichg falls 25 percent below the national average of according to the State Commissiom on Property Tax Relief. The gap is even largefr in WesternNew York, which had 104 districtsa when Business First began rating schoolxs in 1992.
Mergers have since reducesd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. norm. A comprehensive efforrt to push regional enrollment up to the nationall average would require the elimination of 33 Westernj NewYork districts. That process would be complicated, rancorous -- and extremely unlikely. There is no shortagse of candidatesfor consolidation, to be Business First easily came up with 13 hypothetica l mergers, most of them based on standards proposed in last December’s report. These unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officialx lack the power to force districts to Initiative must be taken at the local whichhappens infrequently. Only one prospective merger in Western New York has currentlhy reached an advanced stageof negotiations. Brocton and Fredoni began consolidation talks last eventually commissioning a feasibility study at the beginningof winter. If they decider later this year that a merge rmakes sense, voters in both districts would be given their say in a
The Town of Tonawanda resident headedthe 17-member board for seven years befors stepping down in March. Yet he didn’t retire. He continuees to serve as WesternNew York’s regent, and he remains as outspoke n as ever about educational One of his pet topicx is the sheer number of local school There are too many of them, he says, and theidr enrollments are generally too small. “Why do you need 28 schoopl districts inErie County?” he asks. “I’ed like to see somethint like five districts in the countyh insteadof 28. I’d even like to start talkinv about a countywideschool district, like they have in North Carolina and a few other states.
” Bennett’sd stand is buttressed by a report released last Decembefr by the State Commission on Property Tax “New York State has too many school the report says flatly. It suggests that districtsw with fewerthan 1,000 students should be required to merg with adjacent systems, and districtsa with enrollments between 1,000 and 2,00o0 should be encouraged to follow Such proposals hit home in Western New where 66 of the region’s 98 school districtsd have enrollments below 2,000, including 38 with fewer than 1,000p students from kindergarten through 12th grade.
The heart of this issure is a matter of benefitas andcosts -- pitting the perceived advantageas of combining two or more districtws against the potential loss of loca l control and self-identity. Advocates maintain that mergerx allow consolidated districts to be more construct better schools and offer a widert range ofchallenging courses. “It’s not only a financial To me, it’s a mattert of equity,” says Bennett.
“If you had a regionaol high school, maybe serving seven or eight ofthe districts, it would give kids the opportunity to work with each otherf -- and to have the best of the But opponents contend that merger bring more bureaucracy, longer bus ridess for students and diminution of locakl pride. “In this community, the world revolves arounr this school,” says Thomas Schmidt, superintendent of the 478-pupil Sherman Central School District inChautauqua County. “I f the school went away, Sherman, N.Y., woulsd lose a great deal of its identity.
” School consolidation has been a emotional issue for a The state was crosshatchedby 10,5655 districts in 1910, many of them centeresd on one-room schoolhouses. A push for greatere efficiency reduced that numberto 6,4009 by the outbreak of World War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupils per district, whichg falls 25 percent below the national average of according to the State Commissiom on Property Tax Relief. The gap is even largefr in WesternNew York, which had 104 districtsa when Business First began rating schoolxs in 1992.
Mergers have since reducesd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. norm. A comprehensive efforrt to push regional enrollment up to the nationall average would require the elimination of 33 Westernj NewYork districts. That process would be complicated, rancorous -- and extremely unlikely. There is no shortagse of candidatesfor consolidation, to be Business First easily came up with 13 hypothetica l mergers, most of them based on standards proposed in last December’s report. These unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officialx lack the power to force districts to Initiative must be taken at the local whichhappens infrequently. Only one prospective merger in Western New York has currentlhy reached an advanced stageof negotiations. Brocton and Fredoni began consolidation talks last eventually commissioning a feasibility study at the beginningof winter. If they decider later this year that a merge rmakes sense, voters in both districts would be given their say in a
Tuesday, December 4, 2012
Whitacre plans to stay planted in S.A. as GM chair - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
But that is preciselyt the role he will playif GM’sa Chapter 11 reorganization plan is approved by the U.S. Bankruptcyg Court. Interim GM Chairman Kent Kresa saysthe Detroit-based automakefr has tapped Whitacre, former chairmann and CEO of , to lead the companyt once it exits bankruptcy. Was Whitacrer expecting that he would be the next chairmamnof GM? “No,” he tells the in an exclusive interview. But is he ready to roll up hissleeves “This is a chance for me to do some public service that is important for the country and for the company,” Whitacrer explains. “I hope I can help get this where we want itto go.
” On June 1, GM announcee that it had filed voluntary petitions for reliev under Chapter 11 of the United Statews Bankruptcy Code in the U.S. Bankruptcy Court for the Southernb District ofNew York. The company’sz reorganization plan includes selling substantially all of its globalp assets to anew GM. That sale is subject to the approval ofthe court. Kresa will continue to serve as interimk chairmanuntil GM’s reorganization plan is approved and Whitacrer takes over the “The appointment of Ed Whitacr e as chairman represents a very auspicious beginning for the new Kresa said in a press statement.
“Wes look forward,” he adds, ‘to workiny with him to complete the reinvention of GM and maximiz the enormous potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessort companies from 1990to 2007. It was under his watch that what was then Southwestern Bell relocatex its headquartersfrom St. Louis to San Antonio. Sinces then, Whitacre has taken a vested interest in theAlamo City. In addition to the millions of dollars contributeed by the company in the San Antonio community, Whitacre has been publicly recognized for his personal contributione to the city.
Last San Antonio witnessed the opening of the Musep Alameda with the help of corporate partnersaand AT&T. Whitacre served as honorary chairman of the museum for itsgrand opening. In 2003, for UTSA President Ricardo Romo presented Whitacre with the inaugural Tom Frostr Award for his leadership in business and his dedicatio to enhancing the community through persona l andcorporate philanthropy. In 1998, he served as the chairmajn for the United Way Community Campaigm for San Antonio andBexare County. Because of thoswe deep South Texas roots, and despite of his new Whitacre says he will not leave San Antonikfor Detroit. “This is my city,” says Whitacrwe about San Antonio.
“I’m not moving.” That said, Whitacree does hope to help restored faith in anhistoric company. “We just want to help this he says.
But that is preciselyt the role he will playif GM’sa Chapter 11 reorganization plan is approved by the U.S. Bankruptcyg Court. Interim GM Chairman Kent Kresa saysthe Detroit-based automakefr has tapped Whitacre, former chairmann and CEO of , to lead the companyt once it exits bankruptcy. Was Whitacrer expecting that he would be the next chairmamnof GM? “No,” he tells the in an exclusive interview. But is he ready to roll up hissleeves “This is a chance for me to do some public service that is important for the country and for the company,” Whitacrer explains. “I hope I can help get this where we want itto go.
” On June 1, GM announcee that it had filed voluntary petitions for reliev under Chapter 11 of the United Statews Bankruptcy Code in the U.S. Bankruptcy Court for the Southernb District ofNew York. The company’sz reorganization plan includes selling substantially all of its globalp assets to anew GM. That sale is subject to the approval ofthe court. Kresa will continue to serve as interimk chairmanuntil GM’s reorganization plan is approved and Whitacrer takes over the “The appointment of Ed Whitacr e as chairman represents a very auspicious beginning for the new Kresa said in a press statement.
“Wes look forward,” he adds, ‘to workiny with him to complete the reinvention of GM and maximiz the enormous potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessort companies from 1990to 2007. It was under his watch that what was then Southwestern Bell relocatex its headquartersfrom St. Louis to San Antonio. Sinces then, Whitacre has taken a vested interest in theAlamo City. In addition to the millions of dollars contributeed by the company in the San Antonio community, Whitacre has been publicly recognized for his personal contributione to the city.
Last San Antonio witnessed the opening of the Musep Alameda with the help of corporate partnersaand AT&T. Whitacre served as honorary chairman of the museum for itsgrand opening. In 2003, for UTSA President Ricardo Romo presented Whitacre with the inaugural Tom Frostr Award for his leadership in business and his dedicatio to enhancing the community through persona l andcorporate philanthropy. In 1998, he served as the chairmajn for the United Way Community Campaigm for San Antonio andBexare County. Because of thoswe deep South Texas roots, and despite of his new Whitacre says he will not leave San Antonikfor Detroit. “This is my city,” says Whitacrwe about San Antonio.
“I’m not moving.” That said, Whitacree does hope to help restored faith in anhistoric company. “We just want to help this he says.
Monday, December 3, 2012
Chrysler plans to close two Raleigh-Durham dealerships - Triangle Business Journal:
ogarawo.wordpress.com
Dodge on Wake Forest Road in Raleigh and Johnsoj Chrysler Dodge Jeep on Jackie Robinson Drive in Durhajm are on the list of the 789 dealershipss Chrysler wants to drop to download a PDF of the entire The move means that Chrysler wantsz to pull the franchise rights that allows the dealers to sellthe automaker's It’s expected that the dealers will be able to appeal Chrysler’w decision. Even if they can't continue to sell Chrysler automobiles, dealerxs could stay in business by reachinhg agreements with other manufacturers or movingf aroundexisting inventory.
Southern States, for said in a news release Thursday afternoon that it would move its Nissaj dealership on Wake Forest Road into theDodgde showroom. Southern States sells Buicks, Mazdas, Nissans, Subarus and Volkswagens from its lots and showroomsa on either side of Wake Forestf Road just south of SixForks Road. Jeff Gorton, Southernb States' chief financial officer, said in a writtehn statement that his company had no plans to eliminatre jobs but that some employees may move to new positionas tofill needs.
As for losing Gorton said his company was shedding alosing "Sales, profit margins, parts and servicre with Dodge have continued to shrink over the past severao years, until being a Dodger dealer is no longer a profitablw venture,” he said. Mark Gabriella, generakl manager of Johnson ChryslerDodge Jeep, was unavailablse for comment. Privately held Chrysler fileed for Chapter 11 bankruptcy in April in a deal that includee a partnershipwith Italy’s Fiat. Anotherf round of dealership eliminations is expecte d to be announcedthis week.
is expectecd to announced 2,600 dealership cuts before the end of theday Editor's note: The Chrysler list includes 14 dealerships with Nortj Carolina addresses, but one of those dealerw actually is in California. That dealership, FAA Serramonte, is owneed by Sonic Automotive Inc. of whose address was used in the filing.
Dodge on Wake Forest Road in Raleigh and Johnsoj Chrysler Dodge Jeep on Jackie Robinson Drive in Durhajm are on the list of the 789 dealershipss Chrysler wants to drop to download a PDF of the entire The move means that Chrysler wantsz to pull the franchise rights that allows the dealers to sellthe automaker's It’s expected that the dealers will be able to appeal Chrysler’w decision. Even if they can't continue to sell Chrysler automobiles, dealerxs could stay in business by reachinhg agreements with other manufacturers or movingf aroundexisting inventory.
Southern States, for said in a news release Thursday afternoon that it would move its Nissaj dealership on Wake Forest Road into theDodgde showroom. Southern States sells Buicks, Mazdas, Nissans, Subarus and Volkswagens from its lots and showroomsa on either side of Wake Forestf Road just south of SixForks Road. Jeff Gorton, Southernb States' chief financial officer, said in a writtehn statement that his company had no plans to eliminatre jobs but that some employees may move to new positionas tofill needs.
As for losing Gorton said his company was shedding alosing "Sales, profit margins, parts and servicre with Dodge have continued to shrink over the past severao years, until being a Dodger dealer is no longer a profitablw venture,” he said. Mark Gabriella, generakl manager of Johnson ChryslerDodge Jeep, was unavailablse for comment. Privately held Chrysler fileed for Chapter 11 bankruptcy in April in a deal that includee a partnershipwith Italy’s Fiat. Anotherf round of dealership eliminations is expecte d to be announcedthis week.
is expectecd to announced 2,600 dealership cuts before the end of theday Editor's note: The Chrysler list includes 14 dealerships with Nortj Carolina addresses, but one of those dealerw actually is in California. That dealership, FAA Serramonte, is owneed by Sonic Automotive Inc. of whose address was used in the filing.
Saturday, December 1, 2012
Real estate vets opening hardware store - Orlando Business Journal:
batyushkinuxit.blogspot.com
Jeff Pfeil and Deane Pfeikl are opening later this summer at 63Third St., the same address where they renovated the upper four floors into 19 luxurh apartments called The Conservatory. The husband-and-wifee team -- who own the commercial leasingt and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to serve local businessese and residents who must now travel miles away tobuy tools, equipmen t and other supplies. They know the frustration firsthand after doing two residential renovation projects inthe city, the Conservatory and Powers Park Lofts in north Troy. “Our construction staff was runninb all over to pick up the JeffPfeil said.
“We were spending a lot of time drivingv to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardwars on Congress Street recently closed after 94 years in business, leaving downtown with no othet hardware stores. The closest is across the Hudson River in Watervliey or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managesd by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 yearw of experience in the hardwarr industry.
The 8,700-square-foot store will stock hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints andotherf products. It won’t sell lumber. The Pfeilzs have been planning the store fora year. As part of their research they visited hardware stores in college towns and larges cities to see what kinds of products customers They also searched hard for someone to managethe “The decision wasn’t final until we foundd the right person,” Pfeil said. The Pfeila have been in the commercial real estate and developmen t business for more than20 years, but this will be the firsr time they will own a store. There’as a reason for that.
“Because of all the years we workes with retailers very closely we have a pretty thorouggh understandingof retail, that’s probably why we never went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot of hard long hours and all the things that comewith it.” they knew from personal experience a hardware store is neede and were encouraged by the resultws of their marketing studies. Finding a seasonedr store manager was also Mayor Harry Tutunjian cheered the announcement aboutthe store. “Jeff and Deane Pfeilk have a record of success in Troy and I am sure that this new venturew will succeed as Tutunjian said.
“The residents of Troy will benefit from havingt a well stocked urbam hardware store in the heartg ofthe city.” The opening of Pfeil Hardware, whicy is tentatively set for September, will return retailing to a downtowj building that had long served as the home of Stanley’zs department store. The building sat empty for years beforew the Pfeils bought it and converte d the upper floors into 19 luxury apartmentds they callThe Conservatory. All but two of the apartments were occupiedx as ofJuly 1. The Pfeils declinedr to say how much they spentin start-up costs for the hardwarwe store.
Nor did they want to say how much they coul d have received per square foot had they leased the first floor space toanotherr tenant. Lease rates in downtown Troy were $10 to $20 per squarde foot as of the fourth quartedof 2008, according to CB Richard Ellis/Albany.
Jeff Pfeil and Deane Pfeikl are opening later this summer at 63Third St., the same address where they renovated the upper four floors into 19 luxurh apartments called The Conservatory. The husband-and-wifee team -- who own the commercial leasingt and marketingfirm Inc. in Saratoga Springs -- say a hardwarde store is needed downtown to serve local businessese and residents who must now travel miles away tobuy tools, equipmen t and other supplies. They know the frustration firsthand after doing two residential renovation projects inthe city, the Conservatory and Powers Park Lofts in north Troy. “Our construction staff was runninb all over to pick up the JeffPfeil said.
“We were spending a lot of time drivingv to Latham and I was hauling a lot from in We thought, ‘Gee, there’s a void here.’” Trojan Hardwars on Congress Street recently closed after 94 years in business, leaving downtown with no othet hardware stores. The closest is across the Hudson River in Watervliey or uptown near the town of Pfeil Hardware will be part of inFort Ind., the nation’s second largest hardware co-operative. The store will be managesd by Steven Lesnewskiof Pittsfield, Mass., who has more than 25 yearw of experience in the hardwarr industry.
The 8,700-square-foot store will stock hardware, small appliances, fasteners, electrical and plumbing Benjamin Moore paints andotherf products. It won’t sell lumber. The Pfeilzs have been planning the store fora year. As part of their research they visited hardware stores in college towns and larges cities to see what kinds of products customers They also searched hard for someone to managethe “The decision wasn’t final until we foundd the right person,” Pfeil said. The Pfeila have been in the commercial real estate and developmen t business for more than20 years, but this will be the firsr time they will own a store. There’as a reason for that.
“Because of all the years we workes with retailers very closely we have a pretty thorouggh understandingof retail, that’s probably why we never went into it,” Jeff Pfeil said. “It’s sort of a but retail is a lot of hard long hours and all the things that comewith it.” they knew from personal experience a hardware store is neede and were encouraged by the resultws of their marketing studies. Finding a seasonedr store manager was also Mayor Harry Tutunjian cheered the announcement aboutthe store. “Jeff and Deane Pfeilk have a record of success in Troy and I am sure that this new venturew will succeed as Tutunjian said.
“The residents of Troy will benefit from havingt a well stocked urbam hardware store in the heartg ofthe city.” The opening of Pfeil Hardware, whicy is tentatively set for September, will return retailing to a downtowj building that had long served as the home of Stanley’zs department store. The building sat empty for years beforew the Pfeils bought it and converte d the upper floors into 19 luxury apartmentds they callThe Conservatory. All but two of the apartments were occupiedx as ofJuly 1. The Pfeils declinedr to say how much they spentin start-up costs for the hardwarwe store.
Nor did they want to say how much they coul d have received per square foot had they leased the first floor space toanotherr tenant. Lease rates in downtown Troy were $10 to $20 per squarde foot as of the fourth quartedof 2008, according to CB Richard Ellis/Albany.
Thursday, November 29, 2012
Privacy study shows Google
sucujovide.wordpress.com
Using trackers called “web third parties collect user data from many populatweb sites, and sites often allow even though their privacy policies say they don’ft share user data with others. “Web bugs from Google and its subsidiaries were found on 92 of the top 100 Web sitesx and 88 percent of theapproximately 400,0000 unique domains examined in the study,” the authors found. Sites with the most web bugs were forbloggin — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itself was No. 3. Ashkan Soltani, Travias Pinnick and Joshua Gomez ofthe university’s information school wrote the study, published Monday.
They analyzed privacy policies posted on web sitesa and found loopholes used by many site operators to allo third parties to still collect data on whoviewzs pages. They also found, for example, that although web sitea may reassure visitorsthat “wwe don’t share data with third those third parties don’t includee a company’s affiliates — Google (NASDAQ: GOOG), for example, has 137 subsidiar y businesses. “The law on affiliate sharin generally ismore permissive” than that on sharinvg user data with third party companies, the repory said.
Companies controlling the top 50 busiest web sitesz had an average of 297 affiliates meaning they could share user data with a lot ofothert companies. Popular site , for is owned by New York’s NWS), which has more than 1,500 (NYSE: BAC) in Charlott e has more than 2,300 “Users do not know and cannoy learn the full range of affiliatese with which websites may share thereport said.
Though many Internert users are familiar with used to study theidsurfing habits, they are less familiar with so-called “web bugs,” whicu can’t be cleared out of a web since they are part of a web site’s HTML Since the web bugs are created directly by thirs parties, their use doesn’t strictly counyt as “sharing” of data by the web site’s owner, though usersa concerned about privacy may be unimpressedd by this technicality. “We believe that this practice contravenexs users’ expectations; it makes little sense to disclaij formalinformation sharing, but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy? Although surveys of Internety users show peopleare “very concernesd about privacy and do not want websitew to collect and share their personak information without permission,” sifting through privacy policies is not It would take 200 hours a year for a typicalp person to read the privacy policiesx of all the web sites they visit, for example. Thus “userw have no practical way of knowing with whom their data willbe shared.” On the policy front, the report finds “no one knows who is in chargw of protecting privacy” in the United States.
Peoplre can complain to the Federal Tradre Commission andother agencies, but even the FTC’s “principles for behavioral tracking make no mentioj of any enforcement or A low number of complaints to variou s agencies means consumers don’t really know where to complain, the repor said. The FTC looks at online privacyh more in terms of doneto consumers, the report said, rather than also in termxs of control over personal information, which is what most users care The report makes severapl suggestions for improvement, including more aggressive action by the FTC to protectg online privacy.
It also calls for clearer privacy policiea onweb sites, written so that averagwe users can understand them. ’s ADBE) privacy policy, for when analyzed for readability, was written at an equivalentf grade levelof 17.29. The averages privacy policy in the study was written at a gradse levelof 13.83. The full study can be foundd .
Using trackers called “web third parties collect user data from many populatweb sites, and sites often allow even though their privacy policies say they don’ft share user data with others. “Web bugs from Google and its subsidiaries were found on 92 of the top 100 Web sitesx and 88 percent of theapproximately 400,0000 unique domains examined in the study,” the authors found. Sites with the most web bugs were forbloggin — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itself was No. 3. Ashkan Soltani, Travias Pinnick and Joshua Gomez ofthe university’s information school wrote the study, published Monday.
They analyzed privacy policies posted on web sitesa and found loopholes used by many site operators to allo third parties to still collect data on whoviewzs pages. They also found, for example, that although web sitea may reassure visitorsthat “wwe don’t share data with third those third parties don’t includee a company’s affiliates — Google (NASDAQ: GOOG), for example, has 137 subsidiar y businesses. “The law on affiliate sharin generally ismore permissive” than that on sharinvg user data with third party companies, the repory said.
Companies controlling the top 50 busiest web sitesz had an average of 297 affiliates meaning they could share user data with a lot ofothert companies. Popular site , for is owned by New York’s NWS), which has more than 1,500 (NYSE: BAC) in Charlott e has more than 2,300 “Users do not know and cannoy learn the full range of affiliatese with which websites may share thereport said.
Though many Internert users are familiar with used to study theidsurfing habits, they are less familiar with so-called “web bugs,” whicu can’t be cleared out of a web since they are part of a web site’s HTML Since the web bugs are created directly by thirs parties, their use doesn’t strictly counyt as “sharing” of data by the web site’s owner, though usersa concerned about privacy may be unimpressedd by this technicality. “We believe that this practice contravenexs users’ expectations; it makes little sense to disclaij formalinformation sharing, but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy? Although surveys of Internety users show peopleare “very concernesd about privacy and do not want websitew to collect and share their personak information without permission,” sifting through privacy policies is not It would take 200 hours a year for a typicalp person to read the privacy policiesx of all the web sites they visit, for example. Thus “userw have no practical way of knowing with whom their data willbe shared.” On the policy front, the report finds “no one knows who is in chargw of protecting privacy” in the United States.
Peoplre can complain to the Federal Tradre Commission andother agencies, but even the FTC’s “principles for behavioral tracking make no mentioj of any enforcement or A low number of complaints to variou s agencies means consumers don’t really know where to complain, the repor said. The FTC looks at online privacyh more in terms of doneto consumers, the report said, rather than also in termxs of control over personal information, which is what most users care The report makes severapl suggestions for improvement, including more aggressive action by the FTC to protectg online privacy.
It also calls for clearer privacy policiea onweb sites, written so that averagwe users can understand them. ’s ADBE) privacy policy, for when analyzed for readability, was written at an equivalentf grade levelof 17.29. The averages privacy policy in the study was written at a gradse levelof 13.83. The full study can be foundd .
Tuesday, November 27, 2012
Termini acquires AM&A's warehouse - Business First of Buffalo:
grigoriynirim.blogspot.com
According to public documents filed late Thursday in the ErieCountu Clerk’s Office, Termini’s H@Lofts LLC paid $720,00o0 for the historic building. The building had been ownes by New HorizonsAcquisitions LLC, a Long Island-baser development firm. Termini is in the early stagexs of renovating theformer warehouse, partsa of which date back to the late into a mixed-use development anchored by 47 market-rate apartmentd and 15,000 square feet of office space. P&vB Acquisitions will occupy theoffice space, while Termini said he is compiling a rapidlh growing list of prospective tenants for the apartments.
Terminki will be investing morethan $11 million in the The building, which is being called the H@Lofts, is expectef to welcome its first residential tenants next In the meantime, Termini is talking with localk and state officials about incentive packages needed befored he can acquire the flagship AM&A's department storr building on Main Street from New Horizons. Terminui predicted the cost of renovating the buildingbetweenj $80 million and $100 million. He said it wouldx only be possible with a heavy influx of publif sector dollarsand support.
The developer said it may take him more than one perhaps as long as18 months, to secures all the necessary public-sector dollars he needs for the AM&A'as department store project. The former which has been closed sincr1995 -- save for a brief run as Taylor’s Departmenty Store -- will likely be used as a mixed-use developmenyt project, also anchored by residential
According to public documents filed late Thursday in the ErieCountu Clerk’s Office, Termini’s H@Lofts LLC paid $720,00o0 for the historic building. The building had been ownes by New HorizonsAcquisitions LLC, a Long Island-baser development firm. Termini is in the early stagexs of renovating theformer warehouse, partsa of which date back to the late into a mixed-use development anchored by 47 market-rate apartmentd and 15,000 square feet of office space. P&vB Acquisitions will occupy theoffice space, while Termini said he is compiling a rapidlh growing list of prospective tenants for the apartments.
Terminki will be investing morethan $11 million in the The building, which is being called the H@Lofts, is expectef to welcome its first residential tenants next In the meantime, Termini is talking with localk and state officials about incentive packages needed befored he can acquire the flagship AM&A's department storr building on Main Street from New Horizons. Terminui predicted the cost of renovating the buildingbetweenj $80 million and $100 million. He said it wouldx only be possible with a heavy influx of publif sector dollarsand support.
The developer said it may take him more than one perhaps as long as18 months, to secures all the necessary public-sector dollars he needs for the AM&A'as department store project. The former which has been closed sincr1995 -- save for a brief run as Taylor’s Departmenty Store -- will likely be used as a mixed-use developmenyt project, also anchored by residential
Monday, November 26, 2012
Sutter Health to postpone hospitals - San Francisco Business Times:
sucujovide.wordpress.com
Sutter CEO Pat Fry told top officialx March 20 thatthe Sacramento-based system is “reevaluating and reprioritizingg all capital projects and requests,” from large to small, and, “We are not goint to be able to complet e all of the capital projects that have been requeste (internally) according to the desired timelines.” Constructio n projects that haven’t yet started are on hold, Fry told the San Franciscoi Business Times on Tuesday, except for planning and entitlement work. He blamed the shakyu economy and expensivebond markets, sayingv “the cost of capital is probably three timesw what it was a year ago.
” that means prep work on huge Suttee projects like ’s proposed $1.7 billion Cathedraol Hill campus, ’s 11-story, $350 million new inpatient tower in Oakland and ’ws roughly $300 million rebuild in Castro Vallety will continue, but actual construction work will not, untill convincing signs appear that the economyh is improving and the bond markets loosening. The rebuild of in which is wellunder way, will not be Fry said it could take 18 to 24 months for Sutterd to complete the design, planning and entitlements procesas at Cathedral Hill, Alta Bates Summit and Eden, at which point, presumably, it would need to make a no go” decision.
Sutter’s planned $550 million new hospitalo in San Carlos will be delayed significantlyh bythe slowdown, and Sutted — like many other hospitalsa and systems statewide — is likelgy to have trouble meeting state-mandated seismi safety guidelines, which require that many rebuilds or retrofits be completede by January 2013. “The abilitgy to meet existing deadlines I do not believwe is feasibleany longer,” Fry said bluntly.
Meanwhile, Sutter’zs widely touted campaign to installan -based electronifc health records system at its hospitale and affiliated medical foundations such as the — whichg Sutter uses as a mechanism to employh doctors — is also slowing to a crawl. The IT installation, whose estimated costs have soaredfrom $500 millionh 17 months ago to nearlu $1 billion, will continue at and at severa of Sutter’s affiliated medical foundations, including the Physician Foundatioh at California Pacific Medical Center, the in Solanpo County and parts of the , Fry But after that, no hospital installations are on the bookxs for the rest of the and possibly considerably longer.
The electronicx health records system already has been implemented at PAMF and at Sutter medical foundations in theEast Bay, greaterf Sacramento, the Central Valley, and Sonomas County that treat about 1 million patient annually, according to Sutter spokesman Bill Gleeson, whilre the Mills-Peninsula installation is slated to go live April 1. As recently as late 2007, however, Sutterd hoped to complete the systemwide electronic healthn records installationby 2015, with six hospitals cominf online by 2011, led by Mills-Peninsula’sw Peninsula Medical Center.
San Francisco’s CPMC and Alta Batess Summit, with hospital campuses in Berkeleyand Oakland, were then expected to followq by mid-2011, along with several Central Valleyy hospitals. But Fry and Chief Information Officer Jon Maniws denied reports onthe well-known HIStalk health-carew IT blog that Sutter is giving up on its $1 billioh Epic installation, insisting they are simply reacting to economic “It’s just a function of not being able to implement as quickly as we’de like,” Manis said. Even so, further hospital installationsa of the Epic system willbe halted, Fry and Manis said, at leasy until the economy and financial markets improve.
“we refocused our resources” to the outpatient clinic electronidhealth records, Fry said. While stressing that Sutter willspend $1 billiohn on capital projects this year, despite the it’s clear that Sutter’s top executives will proceed cautiouslg until the economy stabilizes. Fry said the system has $800 milliobn less to spend on capita l projects this year thanoriginally anticipated, becausw it had to bolster its Wall Street-battered pension fund with a cash injectiobn of more than $500 million and the company’s other significant losses last year on investments. In hospital expert Wanda Jones predicted a pullback of this sortmight occur.
Jones, president of San Francisco’s and a former Northern Californiahospital consultant, said at the time that the declining economyh and capital markets could wreak havoc on almost all of the Bay Area hospitaol construction projects being planned to meet 2013 or 2015 seismic That includes “the most such as St. Alta Bates, , Marin General, Sequoia, Eden,” she said in and even huge projects suchas CPMC’ws Cathedral Hill project or ’s proposedr $1.7 billion Mission Bay women’s, children’ s and specialty cancer hospital. “Wes haven’t, quote, dropped any projects.
We have to see where we are financially,” Fry said Tuesday, notintg that Sutter expects the recovert to take some timeto develop. “If the financial marketsz continue todecline (not countinfg stronger results over the last two we’ll have to revise our plans.”
Sutter CEO Pat Fry told top officialx March 20 thatthe Sacramento-based system is “reevaluating and reprioritizingg all capital projects and requests,” from large to small, and, “We are not goint to be able to complet e all of the capital projects that have been requeste (internally) according to the desired timelines.” Constructio n projects that haven’t yet started are on hold, Fry told the San Franciscoi Business Times on Tuesday, except for planning and entitlement work. He blamed the shakyu economy and expensivebond markets, sayingv “the cost of capital is probably three timesw what it was a year ago.
” that means prep work on huge Suttee projects like ’s proposed $1.7 billion Cathedraol Hill campus, ’s 11-story, $350 million new inpatient tower in Oakland and ’ws roughly $300 million rebuild in Castro Vallety will continue, but actual construction work will not, untill convincing signs appear that the economyh is improving and the bond markets loosening. The rebuild of in which is wellunder way, will not be Fry said it could take 18 to 24 months for Sutterd to complete the design, planning and entitlements procesas at Cathedral Hill, Alta Bates Summit and Eden, at which point, presumably, it would need to make a no go” decision.
Sutter’s planned $550 million new hospitalo in San Carlos will be delayed significantlyh bythe slowdown, and Sutted — like many other hospitalsa and systems statewide — is likelgy to have trouble meeting state-mandated seismi safety guidelines, which require that many rebuilds or retrofits be completede by January 2013. “The abilitgy to meet existing deadlines I do not believwe is feasibleany longer,” Fry said bluntly.
Meanwhile, Sutter’zs widely touted campaign to installan -based electronifc health records system at its hospitale and affiliated medical foundations such as the — whichg Sutter uses as a mechanism to employh doctors — is also slowing to a crawl. The IT installation, whose estimated costs have soaredfrom $500 millionh 17 months ago to nearlu $1 billion, will continue at and at severa of Sutter’s affiliated medical foundations, including the Physician Foundatioh at California Pacific Medical Center, the in Solanpo County and parts of the , Fry But after that, no hospital installations are on the bookxs for the rest of the and possibly considerably longer.
The electronicx health records system already has been implemented at PAMF and at Sutter medical foundations in theEast Bay, greaterf Sacramento, the Central Valley, and Sonomas County that treat about 1 million patient annually, according to Sutter spokesman Bill Gleeson, whilre the Mills-Peninsula installation is slated to go live April 1. As recently as late 2007, however, Sutterd hoped to complete the systemwide electronic healthn records installationby 2015, with six hospitals cominf online by 2011, led by Mills-Peninsula’sw Peninsula Medical Center.
San Francisco’s CPMC and Alta Batess Summit, with hospital campuses in Berkeleyand Oakland, were then expected to followq by mid-2011, along with several Central Valleyy hospitals. But Fry and Chief Information Officer Jon Maniws denied reports onthe well-known HIStalk health-carew IT blog that Sutter is giving up on its $1 billioh Epic installation, insisting they are simply reacting to economic “It’s just a function of not being able to implement as quickly as we’de like,” Manis said. Even so, further hospital installationsa of the Epic system willbe halted, Fry and Manis said, at leasy until the economy and financial markets improve.
“we refocused our resources” to the outpatient clinic electronidhealth records, Fry said. While stressing that Sutter willspend $1 billiohn on capital projects this year, despite the it’s clear that Sutter’s top executives will proceed cautiouslg until the economy stabilizes. Fry said the system has $800 milliobn less to spend on capita l projects this year thanoriginally anticipated, becausw it had to bolster its Wall Street-battered pension fund with a cash injectiobn of more than $500 million and the company’s other significant losses last year on investments. In hospital expert Wanda Jones predicted a pullback of this sortmight occur.
Jones, president of San Francisco’s and a former Northern Californiahospital consultant, said at the time that the declining economyh and capital markets could wreak havoc on almost all of the Bay Area hospitaol construction projects being planned to meet 2013 or 2015 seismic That includes “the most such as St. Alta Bates, , Marin General, Sequoia, Eden,” she said in and even huge projects suchas CPMC’ws Cathedral Hill project or ’s proposedr $1.7 billion Mission Bay women’s, children’ s and specialty cancer hospital. “Wes haven’t, quote, dropped any projects.
We have to see where we are financially,” Fry said Tuesday, notintg that Sutter expects the recovert to take some timeto develop. “If the financial marketsz continue todecline (not countinfg stronger results over the last two we’ll have to revise our plans.”
Saturday, November 24, 2012
Disabled kids don't belong in nursing homes for the aged - MiamiHerald.com (registration)
sucujovide.wordpress.com
Disabled kids don't belong in nursing homes for the aged MiamiHerald.com (registration) Here's how the state of Florida justifies its practice of warehousing severely medically challenged children in nursing homes: “They are strictly regulated to ensure that the appropriate services are provided specifically for children,†noted part of a ... |
Thursday, November 22, 2012
UVa's Reynolds thankful for special bond with his sister - The Daily Progress
olimstgon.blogspot.com
UVa's Reynolds thankful for special bond with his sister The Daily Progress Before La'Roy Reynolds was this sculpted 6-foot-2, 230-pound linebacker who roams backfields of the Atlantic Coast Conference with his Virginia teammates, he was this slighter built 10-year-old kid who toured the backyards of the Ben Moreell Military ... |
Monday, November 19, 2012
Zillow: Mortgage rates rise in Pennsylvania for second straight week - Pittsburgh Business Times:
eragywaqer.wordpress.com
For the week ended June 7, the averager rate for a 30-year, fixed-rate mortgage in Pennsylvania rose 3.6 to 5.45 percent. Nationwide, the averager 30-year rate was at 5.48 percent, up from 5.25 percentf the prior week, according to Zillow. The national averages for a 15-year, fixed-rate mortgage was 4.95 up from 4.78 percent the previous week. Florida usurped Georgia for the lowesy rates in the country last coming inat 5.44 percent. Georgia had a months-long stretc h of having the lowestaverage rates, but saw that figure increaswe to 5.48 percent, a 6.4 percent New York and Massachusetts were neck-and-neco for the highest average rates, at 5.56 perceng and 5.55 percent, respectively.
Seattle-basecd Zillow compiles rates quotedby 4,000 participating mortgagde lenders to potential borrowers on its site.
For the week ended June 7, the averager rate for a 30-year, fixed-rate mortgage in Pennsylvania rose 3.6 to 5.45 percent. Nationwide, the averager 30-year rate was at 5.48 percent, up from 5.25 percentf the prior week, according to Zillow. The national averages for a 15-year, fixed-rate mortgage was 4.95 up from 4.78 percent the previous week. Florida usurped Georgia for the lowesy rates in the country last coming inat 5.44 percent. Georgia had a months-long stretc h of having the lowestaverage rates, but saw that figure increaswe to 5.48 percent, a 6.4 percent New York and Massachusetts were neck-and-neco for the highest average rates, at 5.56 perceng and 5.55 percent, respectively.
Seattle-basecd Zillow compiles rates quotedby 4,000 participating mortgagde lenders to potential borrowers on its site.
Saturday, November 17, 2012
Dayton Ballet lays off most of staff - Business Courier of Cincinnati:
esivyjifag.wordpress.com
The company, one of the country’s oldest balletf companies, announced today that it will releaseall part-tim employees and lay off most others indefinitely in an effor to save money following a weak tickett season topped with poor ticket sales to the company’s top selletr The Nutcracker. The company fell shorft during the winter leaving the ballet to dip into its investment reservesw which also have fallen significantly with thedown economy.
Thougnh the reserves exist as a financial cushion to pay bills throughout the tough the total value of the fund has decreased by more than 30 percent to lessthan $300,000, which woulds not have sustained the company beyond March 23, when it has chosem to lay off most As a result of the tough economic climate, the company also announced it would take the followingt measures to weather the storm: • Most stafv will be placed on an indefinite unpaid furlough beginninvg March 23. The move will affect five A skeletal staff, comprisesd of three, will remain in the officre for day-to-day duties, donor and patron relations and to run the DaytonBallet School.
The layoffs are expectefd to get the company throughh to the end of its June 30 fiscalyear end, when the hope is that peoplse will be brought back and a new budgetary plan will be put in placd to make it through the next fiscal Director of Marketing Diane Schoeffler-Warren said. “Wse are all very optimistic,” she “We’re just happy they are being this proactive so we can be arouns another81 years.” Schoeffler-Warren said many of the company’d problems have been attributed to fewere ticket sales to the annual productio of The Nutcracker.
Sales fell more than 20 percentt short ofthe $350,000 ticket incomde goal set for it by the a $70,000 loss that would have gone to pay Ticket sales for other programs also have misse d projections. Season subscriptions, which totaled 3,0090 10 years ago, are down to abou 850 now. “Twenty percent of a $350,000 goal is hard for any organizationto swallow, especially Dayton Ballet,” Director Dermot Burke said in a news Burke said the company was poisexd to have a great year, trendinfg ahead of historic sales for The Nutcracker and 100 percen ahead in annual giving when the market fell and, “People just stopped spendinfg money.
”
The company, one of the country’s oldest balletf companies, announced today that it will releaseall part-tim employees and lay off most others indefinitely in an effor to save money following a weak tickett season topped with poor ticket sales to the company’s top selletr The Nutcracker. The company fell shorft during the winter leaving the ballet to dip into its investment reservesw which also have fallen significantly with thedown economy.
Thougnh the reserves exist as a financial cushion to pay bills throughout the tough the total value of the fund has decreased by more than 30 percent to lessthan $300,000, which woulds not have sustained the company beyond March 23, when it has chosem to lay off most As a result of the tough economic climate, the company also announced it would take the followingt measures to weather the storm: • Most stafv will be placed on an indefinite unpaid furlough beginninvg March 23. The move will affect five A skeletal staff, comprisesd of three, will remain in the officre for day-to-day duties, donor and patron relations and to run the DaytonBallet School.
The layoffs are expectefd to get the company throughh to the end of its June 30 fiscalyear end, when the hope is that peoplse will be brought back and a new budgetary plan will be put in placd to make it through the next fiscal Director of Marketing Diane Schoeffler-Warren said. “Wse are all very optimistic,” she “We’re just happy they are being this proactive so we can be arouns another81 years.” Schoeffler-Warren said many of the company’d problems have been attributed to fewere ticket sales to the annual productio of The Nutcracker.
Sales fell more than 20 percentt short ofthe $350,000 ticket incomde goal set for it by the a $70,000 loss that would have gone to pay Ticket sales for other programs also have misse d projections. Season subscriptions, which totaled 3,0090 10 years ago, are down to abou 850 now. “Twenty percent of a $350,000 goal is hard for any organizationto swallow, especially Dayton Ballet,” Director Dermot Burke said in a news Burke said the company was poisexd to have a great year, trendinfg ahead of historic sales for The Nutcracker and 100 percen ahead in annual giving when the market fell and, “People just stopped spendinfg money.
”
Friday, November 16, 2012
Urbana University to offer courses in Troy - Dayton Business Journal:
andreychukuze.blogspot.com
The Champaign County school will begin offering MBA classes anda master’sw in education program in the Miamoi County city this fall. Classes will be open to residentds of Troy and surrounding communities and will be taughtt by Urbana University Classes will initially be held in classrooms providedby . The Urbanaq University administration will set up temporary office spacwe indowntown Troy, while the university scopeds out facilities for the campus, which will offef more programs based on the needs of the community. The city and the schoool had been working together for months determiningh where Urbana University could fit withinhthe city.
The graduate programs will be the first This partnership also will launch the Troy Plan forEconomixc Education, which will consist of two economic courses for local educatorsw to take as stand-alone coursed or as part of the graduate The focus of those courses will be national, state and loca l economic issues that affect the businessa and education communities. Although no plans for a four-year universit in the city havebeen announced, Mayor Michaeo Beamish said having Urbanaq University in Troy, as well as the educationapl services it would bring, will be criticalk to future success for the locapl community and economy.
“Thiss could be a model for how communitieas and institutions of higher education can take chargd of their own future success in challenginggeconomic times,” Beamish said. Urbana University, whicy was founded in 1850, has aboutt 1,500 enrolled students.
The Champaign County school will begin offering MBA classes anda master’sw in education program in the Miamoi County city this fall. Classes will be open to residentds of Troy and surrounding communities and will be taughtt by Urbana University Classes will initially be held in classrooms providedby . The Urbanaq University administration will set up temporary office spacwe indowntown Troy, while the university scopeds out facilities for the campus, which will offef more programs based on the needs of the community. The city and the schoool had been working together for months determiningh where Urbana University could fit withinhthe city.
The graduate programs will be the first This partnership also will launch the Troy Plan forEconomixc Education, which will consist of two economic courses for local educatorsw to take as stand-alone coursed or as part of the graduate The focus of those courses will be national, state and loca l economic issues that affect the businessa and education communities. Although no plans for a four-year universit in the city havebeen announced, Mayor Michaeo Beamish said having Urbanaq University in Troy, as well as the educationapl services it would bring, will be criticalk to future success for the locapl community and economy.
“Thiss could be a model for how communitieas and institutions of higher education can take chargd of their own future success in challenginggeconomic times,” Beamish said. Urbana University, whicy was founded in 1850, has aboutt 1,500 enrolled students.
Thursday, November 15, 2012
A wish list for
ofycagvezi.blogspot.com
2. The trustees of the realizw that Guantanamo Bay is a more appropriatr site for his presidential librart than theSMU campus. The government already has the 3. Sarah Palin realizes her potential to be president of ahomes association. 4. The findxs more excellent rising starslike Congresswoman-elect Lynn Jenkins. 5. The , whichj looks like a ridiculous paper tiger in light of the BernareMadoff debacle, gets a completde makeover. 6. Kathleen Sebelius and Jerry Moran both enter the 2010 race forSam Brownback’s Senat seat. Kansas and the nation couldn’t lose in that 7. Kansas City Mayor Mark Funkhouser emergeds from his funk and uses hisconsiderable talents. 8.
Carol Marinovich resurfaces in the publivarena — because there simply are not enough incredibled folks like her in government on all levels. 9. The Blocuh Building at and the new are just the starty of a building boom in significang cultural structures inour town. 10. A sensible, viable light-rai l plan will emerge so Kansazs City can competewith Portland, Sacramento, St. Louis and Minneapolis. 11. A new majore convention hotel becomes a reality nearBartle 12. The stock market validates the concepfof dollar-cost averaging, which I have alwayes believed in. 13. Our federal government is able to stop buyingf stakes in businesses before it getsto McDonald’s and . 14.
The -Kansas City’s Henry W. Blocu School of Business and Publicc Administrationremoves “acting” from the title of Acting Dean Lee 15. More civic leaders emerge from the businesws world in the mold ofBob Regnier, Mike Haverty and Tom Hoenig. 16. At least a few locallyg owned businesses remain onthe 17. The realizes that Interstate 70 betweehn Kansas Cityand St. Louis is one of our nation’z worst stretches of interstate highway. 18. The developeres of The Gateway at the former Mission Center mall site understanc that one tallgrasspark (neart Cottonwood Falls, Kan.) is enough. 19.
The magnificenf National World War I Museumk at Liberty Memorial receives more giftws like the generous one fromthe .
2. The trustees of the realizw that Guantanamo Bay is a more appropriatr site for his presidential librart than theSMU campus. The government already has the 3. Sarah Palin realizes her potential to be president of ahomes association. 4. The findxs more excellent rising starslike Congresswoman-elect Lynn Jenkins. 5. The , whichj looks like a ridiculous paper tiger in light of the BernareMadoff debacle, gets a completde makeover. 6. Kathleen Sebelius and Jerry Moran both enter the 2010 race forSam Brownback’s Senat seat. Kansas and the nation couldn’t lose in that 7. Kansas City Mayor Mark Funkhouser emergeds from his funk and uses hisconsiderable talents. 8.
Carol Marinovich resurfaces in the publivarena — because there simply are not enough incredibled folks like her in government on all levels. 9. The Blocuh Building at and the new are just the starty of a building boom in significang cultural structures inour town. 10. A sensible, viable light-rai l plan will emerge so Kansazs City can competewith Portland, Sacramento, St. Louis and Minneapolis. 11. A new majore convention hotel becomes a reality nearBartle 12. The stock market validates the concepfof dollar-cost averaging, which I have alwayes believed in. 13. Our federal government is able to stop buyingf stakes in businesses before it getsto McDonald’s and . 14.
The -Kansas City’s Henry W. Blocu School of Business and Publicc Administrationremoves “acting” from the title of Acting Dean Lee 15. More civic leaders emerge from the businesws world in the mold ofBob Regnier, Mike Haverty and Tom Hoenig. 16. At least a few locallyg owned businesses remain onthe 17. The realizes that Interstate 70 betweehn Kansas Cityand St. Louis is one of our nation’z worst stretches of interstate highway. 18. The developeres of The Gateway at the former Mission Center mall site understanc that one tallgrasspark (neart Cottonwood Falls, Kan.) is enough. 19.
The magnificenf National World War I Museumk at Liberty Memorial receives more giftws like the generous one fromthe .
Sunday, November 11, 2012
Friday, November 9, 2012
Grede Foundries files for bankruptcy protection - Business First of Columbus:
avaohev.blogspot.com
Wayzata Investment Partners LLCof Minn., an SEC-registered investmentg adviser and manager of private investment funds with more than $5 billionj in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderlyg sale under the supervision of the Bankruptcy Court. Sincwe 1992, Wayzata has invested more than $12 billio in more than 600 investments. The filing, made Tuesdau in the U.S. Bankruptcy Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentg economic downturn on the companyy and its customers, particularly the automotivr industry, said Richard Koenings chairmanb of the board of directors for Wauwatosa-baseds Grede.
The reorganization and asset sale is expectexd to position the company for a turnaround as the country emerges from the most difficulyt economic period it has seenin generations, he said. “The significant deterioration in the automotive and construction industries and the resultinyg impact on our company and the foundry industryu in general require that we take thisstrategicx action,” Koenings said. “Ws have carefully explored many options, and believer a sale to a strong financialo backer like Wayzata is the best way to effectively proceerd in what has been an exceedingltydifficult marketplace.
” Koenings stressed that Gred e Foundries remains in business and that jobs will remain during the “This move gives us the time to restructurse while we continue to do business and operatee our plants,” he said. “Grede will continue to buy goodsa and services fromits vendors, suppory its work force and provide its customersa with the same quality productsz and service they’ve come to expect from us. Our goal is to preservs and strengthen our business so that we can competw successfully inthe future.
” Wayzats has also agreed to make the firstf bid, often called a “stalking horse” bid, for “Wayzata’s commitment shows thei belief in the strength of the Grede name and its respecter position in the foundrg industry,” Koenings said. Sales of businessesa in bankruptcy proceedings are often structured wherre one company makes the initial bid foranotherr company’s assets. Under rule s approved by the court, highee offers from third parties can be submitted ascompeting bids.
The “stalkinyg horse” arrangement helps ensure that Grede receives the best values for its assets and allows for offers that are best for the creditore while preserving thebusiness operations, company managementg said. Grede said that it has alreadh received inquiries from other parties that are interestedrin Grede’s production capacity. Koenings said Gredee expects the sale and related bidding processx to move steadily through thecourtt system. “We are deeply committed to doing everythinv necessary to put our companuy on solid footing as the nation beginss to rise out of the worst economic conditiond since the Great he said.
“Our customeres very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeess from its foundry in Wauwatosa sincse the end of In April, the company revealed planss to close its foundry in Greenwood, S.C.
Wayzata Investment Partners LLCof Minn., an SEC-registered investmentg adviser and manager of private investment funds with more than $5 billionj in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderlyg sale under the supervision of the Bankruptcy Court. Sincwe 1992, Wayzata has invested more than $12 billio in more than 600 investments. The filing, made Tuesdau in the U.S. Bankruptcy Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentg economic downturn on the companyy and its customers, particularly the automotivr industry, said Richard Koenings chairmanb of the board of directors for Wauwatosa-baseds Grede.
The reorganization and asset sale is expectexd to position the company for a turnaround as the country emerges from the most difficulyt economic period it has seenin generations, he said. “The significant deterioration in the automotive and construction industries and the resultinyg impact on our company and the foundry industryu in general require that we take thisstrategicx action,” Koenings said. “Ws have carefully explored many options, and believer a sale to a strong financialo backer like Wayzata is the best way to effectively proceerd in what has been an exceedingltydifficult marketplace.
” Koenings stressed that Gred e Foundries remains in business and that jobs will remain during the “This move gives us the time to restructurse while we continue to do business and operatee our plants,” he said. “Grede will continue to buy goodsa and services fromits vendors, suppory its work force and provide its customersa with the same quality productsz and service they’ve come to expect from us. Our goal is to preservs and strengthen our business so that we can competw successfully inthe future.
” Wayzats has also agreed to make the firstf bid, often called a “stalking horse” bid, for “Wayzata’s commitment shows thei belief in the strength of the Grede name and its respecter position in the foundrg industry,” Koenings said. Sales of businessesa in bankruptcy proceedings are often structured wherre one company makes the initial bid foranotherr company’s assets. Under rule s approved by the court, highee offers from third parties can be submitted ascompeting bids.
The “stalkinyg horse” arrangement helps ensure that Grede receives the best values for its assets and allows for offers that are best for the creditore while preserving thebusiness operations, company managementg said. Grede said that it has alreadh received inquiries from other parties that are interestedrin Grede’s production capacity. Koenings said Gredee expects the sale and related bidding processx to move steadily through thecourtt system. “We are deeply committed to doing everythinv necessary to put our companuy on solid footing as the nation beginss to rise out of the worst economic conditiond since the Great he said.
“Our customeres very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeess from its foundry in Wauwatosa sincse the end of In April, the company revealed planss to close its foundry in Greenwood, S.C.
Thursday, November 8, 2012
Freddie Mac names interim CEO - Atlanta Business Chronicle:
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The appointments will be effectives upon the departure of current CEODavir Moffett, who has said he will step down by Marchg 13 to work elsewhere in the financial servicesx sector. Koskinen has been non-executivwe chairman at McLean, Va.-based Freddi Mac (NYSE: FRE) since September 2008. Before that, he spent four years as president of the United StatessSoccer Foundation. From 2000 to 2003 he was deputy mayor and city administratorof D.C. He was assistant to the president and chair ofthe President’x Council on Year 2000 Conversion from 1998 to 2000 and deput director for management fo the from 1994 to 1997.
When Freddid Mac finds a permanent CEO, Koskinen will likely returmn to the positionof non-executivr chairman, the company said. Before his government Koskinen was president and CEOof , participating in the restructurinvg of large, troubled enterprises including the Penn the Teamsters Pension Fund, and Mutual Benefit. Koskinebn also serves on the boardsof , , Ltd., and the non-profift D.C. Education Compact. Glauber initially joined the Freddie Mac boare of directorsin 2006.
He is a lecturerr at ’s Kennedy School of Government and a visiting professor at the Harvard Law Priorto that, he served as chairmann and CEO of the from 2001 to 2006, aftetr first serving as its CEO and presiden t and a member of its Over the years, he has been a lecturer at the Kenned School, undersecretary of the Treasury for Finance and a professor of finance at the Harvarxd Business School. Glauber also served as executive directot of the task force appointefd by President Ronald Reagan to report on the 1987 stockimarket break.
He has served on the boarr of the Federal Reserve Bankof Boston, a numberf of Dreyfus mutual funds, the Investment Company Institute, and as presidenf of the . He also is a director of Moody’w Corporation, a trustee of the , and lead directo of Ltd. Glauber has been a senior advisor atPetere J. Solomon Co., an investment bank, sinc e November 2006.
The appointments will be effectives upon the departure of current CEODavir Moffett, who has said he will step down by Marchg 13 to work elsewhere in the financial servicesx sector. Koskinen has been non-executivwe chairman at McLean, Va.-based Freddi Mac (NYSE: FRE) since September 2008. Before that, he spent four years as president of the United StatessSoccer Foundation. From 2000 to 2003 he was deputy mayor and city administratorof D.C. He was assistant to the president and chair ofthe President’x Council on Year 2000 Conversion from 1998 to 2000 and deput director for management fo the from 1994 to 1997.
When Freddid Mac finds a permanent CEO, Koskinen will likely returmn to the positionof non-executivr chairman, the company said. Before his government Koskinen was president and CEOof , participating in the restructurinvg of large, troubled enterprises including the Penn the Teamsters Pension Fund, and Mutual Benefit. Koskinebn also serves on the boardsof , , Ltd., and the non-profift D.C. Education Compact. Glauber initially joined the Freddie Mac boare of directorsin 2006.
He is a lecturerr at ’s Kennedy School of Government and a visiting professor at the Harvard Law Priorto that, he served as chairmann and CEO of the from 2001 to 2006, aftetr first serving as its CEO and presiden t and a member of its Over the years, he has been a lecturer at the Kenned School, undersecretary of the Treasury for Finance and a professor of finance at the Harvarxd Business School. Glauber also served as executive directot of the task force appointefd by President Ronald Reagan to report on the 1987 stockimarket break.
He has served on the boarr of the Federal Reserve Bankof Boston, a numberf of Dreyfus mutual funds, the Investment Company Institute, and as presidenf of the . He also is a director of Moody’w Corporation, a trustee of the , and lead directo of Ltd. Glauber has been a senior advisor atPetere J. Solomon Co., an investment bank, sinc e November 2006.
Monday, November 5, 2012
Dow closes up 103 points Thursday; Heinz down slightly - Pittsburgh Business Times:
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H.J. Heinz Co., Pittsburgh-based food giant, Thursday announced recorxd earnings for its 2009 fiscal year whichended Apr. 29. But fourt quarter earnings of $175.1 million, about 10 percent less than a year ago, were sour as a dill Heinz (NYSE:HNZ) shares finisher Thursday at $36.16, down 0.28 percent. Most amongg a cross-section of Pittsburgh companies saw Alcoa Inc. (NYSE:AA), up 0.11 percen to $9.06 Allegheny Energy Inc. (NYSE:AYE) up 3.33 percen t to $24.50 Allegheny Technologies Inc. (NYSE:ATI), up 3.92 percentg to $33.41 American Eagle Outfitters Inc. (NYSE:AEO), up 1.26 percent to $14.5 Bank of New York Mellon Corp. up 1.42 percent to $27.82 CONSOL Energy Inc. (NYSE:CNX), up 3.
72 percentr to $40.46 Dick’s Sporting Goods (NYSE:DKS), down 2.04 percentt to $17.73 Federated Investors Inc. (NYSE:FII), up 5.31 percentg to $24.00 First Niagara Financial Group Inc. up 4.11 percent to $12.16 Kennametal Inc. down 0.81 percent to $18.63 Koppers Holdings Inc. (NYSE:KOP), down 0.08 percent to $25.19 Mylan Inc. down 1.31 percent to $12.77 PNC Financiakl Services Group Inc. (NYSE:PNC), up 5.81 percent to $43.50 PPG Industriees Inc. (NYSE:PPG), up 0.59 percent to $44.07 U.S. Steel Corp. (NYSE:X), up 2.96 percentt to $32.72 WABTEC Corp. (NYSE:WAB), down 1.24 percent to $34.9u8 WESCO International Inc. (NYSE:WCC), down 1.87 percenf to $26.
69
H.J. Heinz Co., Pittsburgh-based food giant, Thursday announced recorxd earnings for its 2009 fiscal year whichended Apr. 29. But fourt quarter earnings of $175.1 million, about 10 percent less than a year ago, were sour as a dill Heinz (NYSE:HNZ) shares finisher Thursday at $36.16, down 0.28 percent. Most amongg a cross-section of Pittsburgh companies saw Alcoa Inc. (NYSE:AA), up 0.11 percen to $9.06 Allegheny Energy Inc. (NYSE:AYE) up 3.33 percen t to $24.50 Allegheny Technologies Inc. (NYSE:ATI), up 3.92 percentg to $33.41 American Eagle Outfitters Inc. (NYSE:AEO), up 1.26 percent to $14.5 Bank of New York Mellon Corp. up 1.42 percent to $27.82 CONSOL Energy Inc. (NYSE:CNX), up 3.
72 percentr to $40.46 Dick’s Sporting Goods (NYSE:DKS), down 2.04 percentt to $17.73 Federated Investors Inc. (NYSE:FII), up 5.31 percentg to $24.00 First Niagara Financial Group Inc. up 4.11 percent to $12.16 Kennametal Inc. down 0.81 percent to $18.63 Koppers Holdings Inc. (NYSE:KOP), down 0.08 percent to $25.19 Mylan Inc. down 1.31 percent to $12.77 PNC Financiakl Services Group Inc. (NYSE:PNC), up 5.81 percent to $43.50 PPG Industriees Inc. (NYSE:PPG), up 0.59 percent to $44.07 U.S. Steel Corp. (NYSE:X), up 2.96 percentt to $32.72 WABTEC Corp. (NYSE:WAB), down 1.24 percent to $34.9u8 WESCO International Inc. (NYSE:WCC), down 1.87 percenf to $26.
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Sunday, November 4, 2012
Purdue Frederick pays out Texas portion of settlement in pain-killer case - St. Louis Business Journal:
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million from and its subsidiary as part of a national settlement with stat eMedicaid programs. The $1.6 million payment resolves Medicaid fraud investigationds undertaken by Texas Attorney General Greg Abbott related tothe company's product OxyContin. Abbott's office claimed that Purdur misrepresented addictive properties associated withits drug. Purdu e marketed OxyContin to Medicaid, physicians and patients as beingvless addictive, less susceptible to abusde and less likely to causes withdrawal problems than other pain medications, according to the Texas received a portionh of the funds from the company'as $130 million global settlement with state Medicaidd programs.
Purdue has since taken steps to ensure that employees properly promotreOxyContin tablets, including providing clear indicationa for its use in patients. "Thids agreement ensures that physicians and patients are fullyh informed about the risks associatefdwith OxyContin," Abbott says. "Whej Medicaid dollars are spent on falsel representedpharmaceutical products, it is critical that the taxpayerws are reimbursed for their Purdue is a Stamford, Conn.-based pharmaceutical company specializin in pain treatment.
The companu develops both prescriptionand over-the-countet drugs and continues to market
million from and its subsidiary as part of a national settlement with stat eMedicaid programs. The $1.6 million payment resolves Medicaid fraud investigationds undertaken by Texas Attorney General Greg Abbott related tothe company's product OxyContin. Abbott's office claimed that Purdur misrepresented addictive properties associated withits drug. Purdu e marketed OxyContin to Medicaid, physicians and patients as beingvless addictive, less susceptible to abusde and less likely to causes withdrawal problems than other pain medications, according to the Texas received a portionh of the funds from the company'as $130 million global settlement with state Medicaidd programs.
Purdue has since taken steps to ensure that employees properly promotreOxyContin tablets, including providing clear indicationa for its use in patients. "Thids agreement ensures that physicians and patients are fullyh informed about the risks associatefdwith OxyContin," Abbott says. "Whej Medicaid dollars are spent on falsel representedpharmaceutical products, it is critical that the taxpayerws are reimbursed for their Purdue is a Stamford, Conn.-based pharmaceutical company specializin in pain treatment.
The companu develops both prescriptionand over-the-countet drugs and continues to market
Friday, November 2, 2012
Kenwood Towne Place sued by tenant - Business Courier of Cincinnati:
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In a suit filed May 11 in Hamiltonb County CommonPleas Court, the fitness chain said it is seekinv damages stemming from its investment in the troubled as well as for attorneys' fees and It is charging developers, which includ e , and , with breach of contrac stemming from its agreement to build a 44,000-square-foot locatiomn at the project. Kenwood Towne Place, off of Interstatre 71 in Sycamore Township, has been dogged by scorese of mechanics liens by subcontractors that say they are owed tens of millionof dollars, with many of the liense amended and refiled at higher This has caused some future such as Borders Books, to reconside r their commitment to the center.
Operating tenants includ Crate & Barrel, Kroge Marketplace, the Container Store and Mitchell’s Salo n & Day Spa. In the L.A. Fitness said that in Februar y it sent a letted seekingalmost $200,000 in reimbursement payments for construction, per the It followed in April seeking $559,000 in payments. L.A. Fitness followed with two letterssof default, but said it has yet to be L.A. Fitness is the first tenant to sue developeras ofthe project, but 11 subcontractors filed suit in arguing they are owed a combined $5 millioh for work on the project.
In a suit filed May 11 in Hamiltonb County CommonPleas Court, the fitness chain said it is seekinv damages stemming from its investment in the troubled as well as for attorneys' fees and It is charging developers, which includ e , and , with breach of contrac stemming from its agreement to build a 44,000-square-foot locatiomn at the project. Kenwood Towne Place, off of Interstatre 71 in Sycamore Township, has been dogged by scorese of mechanics liens by subcontractors that say they are owed tens of millionof dollars, with many of the liense amended and refiled at higher This has caused some future such as Borders Books, to reconside r their commitment to the center.
Operating tenants includ Crate & Barrel, Kroge Marketplace, the Container Store and Mitchell’s Salo n & Day Spa. In the L.A. Fitness said that in Februar y it sent a letted seekingalmost $200,000 in reimbursement payments for construction, per the It followed in April seeking $559,000 in payments. L.A. Fitness followed with two letterssof default, but said it has yet to be L.A. Fitness is the first tenant to sue developeras ofthe project, but 11 subcontractors filed suit in arguing they are owed a combined $5 millioh for work on the project.
Thursday, November 1, 2012
Wednesday, October 31, 2012
Efficiency drives funding for Dayforce - St. Louis Business Journal:
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a software developer that helps businesses measure and manageworkforce productivity, has raised $15 The company is a reincarnation of Atlanta-based Workbits — created after Canadian seriakl entrepreneur David Ossip boughyt Workbits’ assets in May. Workbits foundef John Orr approached Ossip after being unable toraise follow-o financing for his startup. Dayforce, which employs abouft 30 and is headquartered in Atlant aand Toronto, targets the retail, manufacturing, health-care and financiao services industries. Those sectors have a high volumed of hourlyworkers — the variable part of a operating expenses, said Orr, now Dayforce’sd chief strategy officer.
“Typically, 60 percent of theier [operating expense] is labor spend,” Orr said. Dayforce’ds software suite, which includes budgeting, task management and time andattendancee modules, helps do more with their workforce. “Thed software helps define performance measures for the workforce andautomates planning, scheduling and trackinhg of employees,” Ossip said. “The end goal is to increasd workforce output, while keeping percentage wage costsin Dayforce’s software, Orr said, can boost custometr revenue by 0.5 percent to 3 percent and can decreasre average annual labor cost by 3 percent to 8 percent.
The cost of the subscriptionn depends on the size of thebusinesds — from $2 to $9 per employee, per Ossip led Dayforce’s $15 million round and was joined by investors in his previous companies, including , which was acquire by Alpharetta-based for $227 million in 2007. The Canadian however, brought more than dollars to the table. “Ossipp knows the industry,” Orr said, and “haas a proven track record of buildinvg successful companies and Ossip has ambitious plans forDayforce — including launching a domestic and global Dayforce is chasing a $14 billion market in the United Ossip said, adding he plana to sell into Europe and Asia.
“Our types of solutions extend beyondNorth America,” Ossip said. “It’s a globao problem.” Michael Price, general partneer at CEO Ventures, was impressed with “The product was beautiful,” Price said. “The graphic design, the thought and attention to themenus ... it was some of the best I’ves ever seen.” Companies in the performancer management space are doing well and revenue isholdingy up, Price said. That success has drawbn an influx ofnew competitors. “Within the next year, a lot of the softwares programs being built will be comin online with a lot of salex people swingingfor revenue,” Pric e said.
“Certainly competition within that spacer is going toincrease dramatically,” which could hurt profits.
a software developer that helps businesses measure and manageworkforce productivity, has raised $15 The company is a reincarnation of Atlanta-based Workbits — created after Canadian seriakl entrepreneur David Ossip boughyt Workbits’ assets in May. Workbits foundef John Orr approached Ossip after being unable toraise follow-o financing for his startup. Dayforce, which employs abouft 30 and is headquartered in Atlant aand Toronto, targets the retail, manufacturing, health-care and financiao services industries. Those sectors have a high volumed of hourlyworkers — the variable part of a operating expenses, said Orr, now Dayforce’sd chief strategy officer.
“Typically, 60 percent of theier [operating expense] is labor spend,” Orr said. Dayforce’ds software suite, which includes budgeting, task management and time andattendancee modules, helps do more with their workforce. “Thed software helps define performance measures for the workforce andautomates planning, scheduling and trackinhg of employees,” Ossip said. “The end goal is to increasd workforce output, while keeping percentage wage costsin Dayforce’s software, Orr said, can boost custometr revenue by 0.5 percent to 3 percent and can decreasre average annual labor cost by 3 percent to 8 percent.
The cost of the subscriptionn depends on the size of thebusinesds — from $2 to $9 per employee, per Ossip led Dayforce’s $15 million round and was joined by investors in his previous companies, including , which was acquire by Alpharetta-based for $227 million in 2007. The Canadian however, brought more than dollars to the table. “Ossipp knows the industry,” Orr said, and “haas a proven track record of buildinvg successful companies and Ossip has ambitious plans forDayforce — including launching a domestic and global Dayforce is chasing a $14 billion market in the United Ossip said, adding he plana to sell into Europe and Asia.
“Our types of solutions extend beyondNorth America,” Ossip said. “It’s a globao problem.” Michael Price, general partneer at CEO Ventures, was impressed with “The product was beautiful,” Price said. “The graphic design, the thought and attention to themenus ... it was some of the best I’ves ever seen.” Companies in the performancer management space are doing well and revenue isholdingy up, Price said. That success has drawbn an influx ofnew competitors. “Within the next year, a lot of the softwares programs being built will be comin online with a lot of salex people swingingfor revenue,” Pric e said.
“Certainly competition within that spacer is going toincrease dramatically,” which could hurt profits.
Monday, October 29, 2012
Le club Football club d'Auvers crée son site Internet ! - Footeo Pro
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Le club Football club d'Auvers crée son site Internet ! Footeo Pro Aucun commentaire. Le club Football club d'Auvers est fier de vous accueillir sur son nouveau site officiel. Ce véritable outil professionnel a été créé avec footeo et va nous permettre de communiquer avec les équipes, les joueurs, les dirigeants, les ... |
Sunday, October 28, 2012
BT Said to Cut Sales Forecast After Weaker Europe Performance - Bloomberg
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BT Said to Cut Sales Forecast After Weaker Europe Performance Bloomberg Underlying sales, which exclude low-margin traffic BT is required by regulators to carry, will drop about 4.5 percent for the year ended March 2013 to 18.5 billion pounds ($29.8 billion), according to analysts surveyed by Bloomberg. The company's ... |
Saturday, October 27, 2012
Munich buyer sets sights on One Winthrop Square - Boston Business Journal:
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Two sources familiar with the deal said has been selected as a If building owner reaches a dealwith GLL, One Winthropl would be the first building to sell in downtowb Boston this year. RREEF declined to as did EdwardMaher Jr. of , whosew company is selling the assetfor RREEF. GLL’s bid is abouty $20 million, sources “They are a logical buyer,” said Lisa head of the investmentg sales teamat , which is not involver in the transaction. “They have money to buy in A callto GLL’s spokesmanb was not immediately returned. GLL made its entru into the Boston market when it purchase d 200State St.
for $167 million last September and then followedx up with 70Franklin St. in October for $36 It’s hard to put value on commercial property when no propertuis selling, so real estate investors have been following the sale of the 114,000-square-foo t One Winthrop since one of the world’s largesyt real estate investment advisers, put the propertyt on the market for sale in Trophy assets stopped selling long ago with a few exceptions, such as the 50 percenf stake in One Beacon that German insurer purchased earlier this year from LLC. The deal was in the makinf for several months before closing in Januartyfor $570 million.
“I think it will be a greaft indicator of valuationsof core-type assets,” Brian Kavoogian, presidentr of LLC said of One Winthrop. “Thed large deal market will be priced very differentlyu from the smalldeal market.” Kavoogian, who bid on the property but estimated that prices have come down 20 percent from the peak abouty 18 months ago. RREEF put One Winthropp on the market witha $25 milliojn price tag.
Bidders interested in the propertyh reportedly shaved off as muchas $10 million or 40 percent — off of the asking “I think (the market’s) still in a state of People are looking for pricing One Winthrop Square will be a new pricingf benchmark,” Campoli said. The buildinyg is part of the RREEF America REITIII Inc. fund and was purchaseed by RREEF in 2005 as part ofa $500 million portfolio of assetsd from . The portfolio which included 32 propertiesin Massachusetts, was one of the largest sale transactionse in Boston at the time.
Two sources familiar with the deal said has been selected as a If building owner reaches a dealwith GLL, One Winthropl would be the first building to sell in downtowb Boston this year. RREEF declined to as did EdwardMaher Jr. of , whosew company is selling the assetfor RREEF. GLL’s bid is abouty $20 million, sources “They are a logical buyer,” said Lisa head of the investmentg sales teamat , which is not involver in the transaction. “They have money to buy in A callto GLL’s spokesmanb was not immediately returned. GLL made its entru into the Boston market when it purchase d 200State St.
for $167 million last September and then followedx up with 70Franklin St. in October for $36 It’s hard to put value on commercial property when no propertuis selling, so real estate investors have been following the sale of the 114,000-square-foo t One Winthrop since one of the world’s largesyt real estate investment advisers, put the propertyt on the market for sale in Trophy assets stopped selling long ago with a few exceptions, such as the 50 percenf stake in One Beacon that German insurer purchased earlier this year from LLC. The deal was in the makinf for several months before closing in Januartyfor $570 million.
“I think it will be a greaft indicator of valuationsof core-type assets,” Brian Kavoogian, presidentr of LLC said of One Winthrop. “Thed large deal market will be priced very differentlyu from the smalldeal market.” Kavoogian, who bid on the property but estimated that prices have come down 20 percent from the peak abouty 18 months ago. RREEF put One Winthropp on the market witha $25 milliojn price tag.
Bidders interested in the propertyh reportedly shaved off as muchas $10 million or 40 percent — off of the asking “I think (the market’s) still in a state of People are looking for pricing One Winthrop Square will be a new pricingf benchmark,” Campoli said. The buildinyg is part of the RREEF America REITIII Inc. fund and was purchaseed by RREEF in 2005 as part ofa $500 million portfolio of assetsd from . The portfolio which included 32 propertiesin Massachusetts, was one of the largest sale transactionse in Boston at the time.
Thursday, October 25, 2012
UF defenders on major mission to force issue - Sarasota Herald-Tribune
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UF defenders on major mission to force issue Sarasota Herald-Tribune The Gators have been feeding off those 2011 memories all season. Of all the motivating events, last year's Georgia game ranks way up there. From a defensive perspective, it is No. 1 on the hit list for exacting revenge. The final October act was a low ... |
Wednesday, October 24, 2012
SFL - Acquisition of two car carriers in combination with five-year charters - Reuters
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SFL - Acquisition of two car carriers in combination with five-year charters Reuters Press release from Ship Finance International Limited, October 24, 2012. Ship Finance International Limited (NYSE:SFL) ("Ship Finance" or the "Company"), today announced that it has agreed to acquire two car carriers at attractive prices. The Japan ... |
Monday, October 22, 2012
Conference Board employment index edges up in May - Silicon Valley / San Jose Business Journal:
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The organization’s Employment Trends Inded was 89.9, up 0.2 percenyt from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The inde x number is relative to 100for 1996. “While it is too early to say that the ETIhas bottomed, the moderationj of the last two months is certainly a sign that the decline in job losses is real and signals that the worst is Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the comingb months is likely to be very slow, we still expect the unemploymentf rate to continue to increase to doubles digits by the end of this year and into • Percentage of respondents who say they find “jobzs hard to get,” gathered from The Conference Boared Consumer Confidence Survey.
• Initial claima for unemployment insurance, from statistics. • Percentage of firmz with positions not able to fill right now becausw of inability to findsuitable candidates, from the . Number of employees hired by the temporary-help from the . • Part-time workers for economiv reasons, from Bureau of Labort Statistics. • Job from the Bureau of Labor Statistics. Industrial production, from the . • Real manufacturint and trade sales, from the . The Conference Board is an independent NewYork City-based nonprofit organization whose mission is to provide organizationw with the practical knowledge they need to improve their performancse and better serve society.
The organization’s Employment Trends Inded was 89.9, up 0.2 percenyt from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The inde x number is relative to 100for 1996. “While it is too early to say that the ETIhas bottomed, the moderationj of the last two months is certainly a sign that the decline in job losses is real and signals that the worst is Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the comingb months is likely to be very slow, we still expect the unemploymentf rate to continue to increase to doubles digits by the end of this year and into • Percentage of respondents who say they find “jobzs hard to get,” gathered from The Conference Boared Consumer Confidence Survey.
• Initial claima for unemployment insurance, from statistics. • Percentage of firmz with positions not able to fill right now becausw of inability to findsuitable candidates, from the . Number of employees hired by the temporary-help from the . • Part-time workers for economiv reasons, from Bureau of Labort Statistics. • Job from the Bureau of Labor Statistics. Industrial production, from the . • Real manufacturint and trade sales, from the . The Conference Board is an independent NewYork City-based nonprofit organization whose mission is to provide organizationw with the practical knowledge they need to improve their performancse and better serve society.
Sunday, October 21, 2012
CoBank earnings up in first quarter - Denver Business Journal:
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CoBank earned $149.6 million in the firs quarter, compared with $103.5 million in the same quartedr ayear earlier. Net interest income rose 36 percentto $217.7 million, up from $159.5 million a year Total loans and leases outstanding rose to $46. 8 billion as of March 31, from $40.4 billion at the end of 2007. Greenwood Village-based CoBan is a cooperative bank that servese agribusinesses and rural utilities arounx theUnited States. It is part of the U.S. Farm Credirt System, and also finances agriculturap exports.
Higher commodity prices for grainand oilseeds, as well as higherf prices and demand for farm supplies, were key factorsa in the bank's earnings growth, the bank In April, CoBank issued $500 milliom in subordinated debt. The money will be used to increas e regulatorycapital ratios, and for generapl corporate purposes. CoBank's shareholders also have authorizef the bank to issue upto $250 million in Seriews C preferred stock in 2008 or 2009.
CoBank earned $149.6 million in the firs quarter, compared with $103.5 million in the same quartedr ayear earlier. Net interest income rose 36 percentto $217.7 million, up from $159.5 million a year Total loans and leases outstanding rose to $46. 8 billion as of March 31, from $40.4 billion at the end of 2007. Greenwood Village-based CoBan is a cooperative bank that servese agribusinesses and rural utilities arounx theUnited States. It is part of the U.S. Farm Credirt System, and also finances agriculturap exports.
Higher commodity prices for grainand oilseeds, as well as higherf prices and demand for farm supplies, were key factorsa in the bank's earnings growth, the bank In April, CoBank issued $500 milliom in subordinated debt. The money will be used to increas e regulatorycapital ratios, and for generapl corporate purposes. CoBank's shareholders also have authorizef the bank to issue upto $250 million in Seriews C preferred stock in 2008 or 2009.
Saturday, October 20, 2012
3 Civil War battles being re-enacted in Miss. - Lexington Herald Leader
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3 Civil War battles being re-enacted in Miss. Lexington Herald Leader Saporito, who lives in Monogahela, Pa., is among more than 1,600 history buffs who traveled to the central Mississippi town of Raymond this weekend to recreate Civil War battles in the rolling hills south and west of the capital city of Jackson ... |
Thursday, October 18, 2012
Senate battle heads back to court - The Business Review (Albany):
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Two Republican senators have suedAngelo Aponte, who was appointed secretary of the Senate by Democrata earlier this year. The lawsuit alleges that Aponte is illegallgy preventinga Republican-led coalition from conducting official Senatew business. State Supreme Court Judge Thomas McNamarq is scheduled to hold a hearing on the lawsuitt at1 p.m. today. He’s the same judge who ordererd the two parties to resolvee the conflict themselves during a separate lawsuit earlierthis month. The lawsuif was filed following Tuesday’s chaos that erupted in the stated Senate during a special emergency session orderedby Gov. David Paterson.
Democratds and the Republican-led coalition held duelinbg legislative sessions, leaving it unclear if any bills werelegallyu passed.Senators are scheduled to try againb today. Gov. David Paterson has called a specialp legislative session for3 p.m. Tuesdahy was the first time in more than two weeksw that the two sides had been in the chamberf at thesame time. Senators have performed no official business sincw the surprise uprising that Republicans led onJune 8, when two Democratsw joined all 30 Republicans in an attempt to oust Sen. Malcolkm Smith (D-Queens) as majority leader.
One Democratg has since left the meaning there isa 31-31 split in the There is no way to break a tie because the state has no lieutenant governor—the job Paterson vacatef to replace former Gov. Eliot Spitzer last year. The unprecedented battle for power has paralyzed thelegislativre process. The two sides still do not agree on who isin control, or whether the actionsd on June 8 were legal. By law, Paterso n has the power to compel legislators to meet in aspeciaol session. He also dictates whicy bills will be included onthe session’e agenda. The governor cannot, however, force legislatorsd to vote onthose bills.
Democratsa locked themselves in the Senate chambers ahead of in an attempt to preventthe Republican-led coalition from taking control of the gavel. When Republicann arrived, they conducted their own session using a second voting on bills that were to be considerexd in the special At3 p.m., the special session bega with Democrats and Republicane shouting over each other, holdinf two sessions at once. Smithj rose to say that Paterson’s offic e had not sent the Senate the bills to bevoted on, with proper numbering. “There’s nobody in this chamber holdingthe government’s businesx back. It’s the governor,” Smith said. Paterson latefr disputed that claim.
Democrats and the Republican-led coalition, which includesd Sen. Pedro Espada Jr. (D-Bronx), left the chamber. Democratw returned to vote on 14 bills that Paterson had places onthe agenda. It’s unclear whether the votees were legal. Democrats recorded each vote asa 62-0 vote, even though the Republican-led coalition was not in the chamber for any of the “Senate Republicans showed they are so desperater for power, they tried to prevent real work from gettingv done,” Democrats said in a statement. “Senate Republicans again broughf disgrace and shame to the Senate when they attempted to conducty another shamlegislative session.
” Republicans claim that the bills were passede 62-0 earlier in the day, durin g their own session. “This was a legall session,” Republicans said in a statement. “Whiles the Senate Democrat leadership tried to disrupt thesessiomn ... their votes count and the bille passed. We are not finished.” extending the state’s Power for Jobs program untilMay 2010. The popular program provides low-cost electricity to 570 including manyupstate manufacturers, in exchange for pledges to create It is scheduled to end on June 30. enabling Schoharie County to impose an occupanc y tax on hotel and motel roomse of up to4 percent.
Two Republican senators have suedAngelo Aponte, who was appointed secretary of the Senate by Democrata earlier this year. The lawsuit alleges that Aponte is illegallgy preventinga Republican-led coalition from conducting official Senatew business. State Supreme Court Judge Thomas McNamarq is scheduled to hold a hearing on the lawsuitt at1 p.m. today. He’s the same judge who ordererd the two parties to resolvee the conflict themselves during a separate lawsuit earlierthis month. The lawsuif was filed following Tuesday’s chaos that erupted in the stated Senate during a special emergency session orderedby Gov. David Paterson.
Democratds and the Republican-led coalition held duelinbg legislative sessions, leaving it unclear if any bills werelegallyu passed.Senators are scheduled to try againb today. Gov. David Paterson has called a specialp legislative session for3 p.m. Tuesdahy was the first time in more than two weeksw that the two sides had been in the chamberf at thesame time. Senators have performed no official business sincw the surprise uprising that Republicans led onJune 8, when two Democratsw joined all 30 Republicans in an attempt to oust Sen. Malcolkm Smith (D-Queens) as majority leader.
One Democratg has since left the meaning there isa 31-31 split in the There is no way to break a tie because the state has no lieutenant governor—the job Paterson vacatef to replace former Gov. Eliot Spitzer last year. The unprecedented battle for power has paralyzed thelegislativre process. The two sides still do not agree on who isin control, or whether the actionsd on June 8 were legal. By law, Paterso n has the power to compel legislators to meet in aspeciaol session. He also dictates whicy bills will be included onthe session’e agenda. The governor cannot, however, force legislatorsd to vote onthose bills.
Democratsa locked themselves in the Senate chambers ahead of in an attempt to preventthe Republican-led coalition from taking control of the gavel. When Republicann arrived, they conducted their own session using a second voting on bills that were to be considerexd in the special At3 p.m., the special session bega with Democrats and Republicane shouting over each other, holdinf two sessions at once. Smithj rose to say that Paterson’s offic e had not sent the Senate the bills to bevoted on, with proper numbering. “There’s nobody in this chamber holdingthe government’s businesx back. It’s the governor,” Smith said. Paterson latefr disputed that claim.
Democrats and the Republican-led coalition, which includesd Sen. Pedro Espada Jr. (D-Bronx), left the chamber. Democratw returned to vote on 14 bills that Paterson had places onthe agenda. It’s unclear whether the votees were legal. Democrats recorded each vote asa 62-0 vote, even though the Republican-led coalition was not in the chamber for any of the “Senate Republicans showed they are so desperater for power, they tried to prevent real work from gettingv done,” Democrats said in a statement. “Senate Republicans again broughf disgrace and shame to the Senate when they attempted to conducty another shamlegislative session.
” Republicans claim that the bills were passede 62-0 earlier in the day, durin g their own session. “This was a legall session,” Republicans said in a statement. “Whiles the Senate Democrat leadership tried to disrupt thesessiomn ... their votes count and the bille passed. We are not finished.” extending the state’s Power for Jobs program untilMay 2010. The popular program provides low-cost electricity to 570 including manyupstate manufacturers, in exchange for pledges to create It is scheduled to end on June 30. enabling Schoharie County to impose an occupanc y tax on hotel and motel roomse of up to4 percent.
Wednesday, October 17, 2012
General aviation airports see signs that better times may not be far away - Memphis Business Journal:
ejyceh.wordpress.com
After a six-month period that has seen the industryh take hits to its public perceptiom andbottom line, they say a returjn of consumer confidence and lower fuel priceas point toward a blue sky “If you’re comparing it to a year ago, yeah, we’vs seen a decline,” says Mid West Corporate Aviation CEO Marvin Autry. “(But) things are starting to level out.” Autry estimatez his business at is down by 15 percent sincew this timelast year. Fuel sales at Jabara in March weredown 16.87 percenty compared to a year ago. However, fuel sales went from 61,7690 gallons in February to 66,184 gallons in March. Fuel usagse has dropped at the .
Even so, officials there also are seeing signs ofa rebound. Melissa spokesperson for the SalinzaAirport Authority, says March’s fuel totall of 182,205 gallons was the lowest level seen since the early 90s. But the number of totalo operations in the first quarterwere 16,842. That’sw a 1.2 percent decline from last but, she says, it’s a sign things are levelin g off. T.W. Anderson, manager of the , has 114 aircrafr based at his Although his hangarsremain full, he says he has seen a drop in the numbed of aircraft stopping to refuel.
But with spring in the air and theweathee clearing, Anderson says more people are returning to flying their piston-driven Those airplanes burn AVgas, and Anderson says sales increasedr 5 percent in “I think what we’rre seeing is more people, now that they have a better handle on the economy, are going back to He has seen a drop in jet fuel sales which he says are down 20 perceng from this time last year. crewsw aren’t flying through Newton as theyused to. Andersobn says of the 30 business jets used on the circuitr to fly support teams to and from Newton typically sees 6 to 10 a stopping throughbetween coasts.
But he says as more crewa fly commercial tocut costs, just one of the NASCAt jets has stopped there. The cost of fuel has dropperd dramatically in thepast year. In Newton, AVgasa has fallen from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.39o a gallon. Similar drops in jet fuel priceas could begin spurring more business jet usagras well. According to the , the averagre price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whetheer for business or for fun.
And althougj he thinks traffic levels will reboundby 2010, levelingg off now means the ascent back to thosse levels is coming. “I think things have hit a he says. “I thinkm people are starting to have more confidence inthe
After a six-month period that has seen the industryh take hits to its public perceptiom andbottom line, they say a returjn of consumer confidence and lower fuel priceas point toward a blue sky “If you’re comparing it to a year ago, yeah, we’vs seen a decline,” says Mid West Corporate Aviation CEO Marvin Autry. “(But) things are starting to level out.” Autry estimatez his business at is down by 15 percent sincew this timelast year. Fuel sales at Jabara in March weredown 16.87 percenty compared to a year ago. However, fuel sales went from 61,7690 gallons in February to 66,184 gallons in March. Fuel usagse has dropped at the .
Even so, officials there also are seeing signs ofa rebound. Melissa spokesperson for the SalinzaAirport Authority, says March’s fuel totall of 182,205 gallons was the lowest level seen since the early 90s. But the number of totalo operations in the first quarterwere 16,842. That’sw a 1.2 percent decline from last but, she says, it’s a sign things are levelin g off. T.W. Anderson, manager of the , has 114 aircrafr based at his Although his hangarsremain full, he says he has seen a drop in the numbed of aircraft stopping to refuel.
But with spring in the air and theweathee clearing, Anderson says more people are returning to flying their piston-driven Those airplanes burn AVgas, and Anderson says sales increasedr 5 percent in “I think what we’rre seeing is more people, now that they have a better handle on the economy, are going back to He has seen a drop in jet fuel sales which he says are down 20 perceng from this time last year. crewsw aren’t flying through Newton as theyused to. Andersobn says of the 30 business jets used on the circuitr to fly support teams to and from Newton typically sees 6 to 10 a stopping throughbetween coasts.
But he says as more crewa fly commercial tocut costs, just one of the NASCAt jets has stopped there. The cost of fuel has dropperd dramatically in thepast year. In Newton, AVgasa has fallen from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.39o a gallon. Similar drops in jet fuel priceas could begin spurring more business jet usagras well. According to the , the averagre price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whetheer for business or for fun.
And althougj he thinks traffic levels will reboundby 2010, levelingg off now means the ascent back to thosse levels is coming. “I think things have hit a he says. “I thinkm people are starting to have more confidence inthe
Monday, October 15, 2012
SEC: N.Y. investment firm misled S. Fla. seniors - Business First of Buffalo:
ysynut.wordpress.com
"They used free lunches as the low-tech bait for theirt high-scale scheme," said Robert Khuzami, directo of the SEC's Division of The SEC alleges elderly and retirede investors were lured into purchasing highly unsuitable variable annuities with lucrativ sales commissions while ignoring the financial goalsof victims. The SEC allegeas that Eric J. Brown of Highland Beach, Mattheaw J. Collins of Boynton Kevin J. Walsh of and Mark W.
Wells of Boca Raton, were amonv those offering and sellingthe It’s alleged that the firm and its representatives earned millions of dollars in sales PCS is a registered broker-dealer and wholly-owneed subsidiary of Gilman Ciocia, an income tax preparation business headquartered in Poughkeepsie that offers financial services in New New Jersey, Pennsylvania and Florida. Robert a NewYork attorney who representsePrime Capital, Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issue in the complainyt is "very old" and occurred in the late 1990s and earl y 2000.
He said the company reached a settlemeng withthe (FINRA), when it was callexd the (NASD). As part of that the company implementedsome wide-rangingt updates to its supervisory and compliancde systems in 2005, Heim said. He addecd that he didn't know why the SEC was going over thesame "All of these issues were addressed years ago and we feel the company'e response has been appropriate," he While Brown and Walsh have since Collins and Wells are still with the he said. An administrative law judge will determine whetheer the allegations against the respondentsx aretrue and, if so, whether they should be orderede to cease and desist from futures violations.
"They used free lunches as the low-tech bait for theirt high-scale scheme," said Robert Khuzami, directo of the SEC's Division of The SEC alleges elderly and retirede investors were lured into purchasing highly unsuitable variable annuities with lucrativ sales commissions while ignoring the financial goalsof victims. The SEC allegeas that Eric J. Brown of Highland Beach, Mattheaw J. Collins of Boynton Kevin J. Walsh of and Mark W.
Wells of Boca Raton, were amonv those offering and sellingthe It’s alleged that the firm and its representatives earned millions of dollars in sales PCS is a registered broker-dealer and wholly-owneed subsidiary of Gilman Ciocia, an income tax preparation business headquartered in Poughkeepsie that offers financial services in New New Jersey, Pennsylvania and Florida. Robert a NewYork attorney who representsePrime Capital, Gilman Ciocia, and several of the including Collins and Wells, said the conduct at issue in the complainyt is "very old" and occurred in the late 1990s and earl y 2000.
He said the company reached a settlemeng withthe (FINRA), when it was callexd the (NASD). As part of that the company implementedsome wide-rangingt updates to its supervisory and compliancde systems in 2005, Heim said. He addecd that he didn't know why the SEC was going over thesame "All of these issues were addressed years ago and we feel the company'e response has been appropriate," he While Brown and Walsh have since Collins and Wells are still with the he said. An administrative law judge will determine whetheer the allegations against the respondentsx aretrue and, if so, whether they should be orderede to cease and desist from futures violations.
Sunday, October 14, 2012
Florida
eragywaqer.wordpress.com
Dubbed “Quality on the Line,” the effort is an opportunity for DBPRcustomers “to play an active role in theit government and inspire positive a release said. By sharinb experiences and ideas in an online chat with DPBR SecretargCharles W. Drago, the departmenf said it would enhances service, improve business practices and proposelegislatived changes. The Web-based forum allows customers to interact withDrago one-on-onew and extends the department’s reach to a broader groupp of customers who it believes may not have the time to leaved work and meet with him at districft offices.
In what the department calls “O the Road to Better Business,” Drago toured Florida to meet with the businessz owners and professionals thedepartmentr serves. “Challenging economic times call for more creative approachee to engage customers indepartment enhancements,” Drago said in the The first “Quality on the event will be in South Florida on June 2 from noon to 3 p.m. Dragk plans to hold similar virtual offics hours ineach district. During those periods, he will be at his computeer in Tallahassee, reading and responding to concerns as they come in fromthe Web-based form.
Followint the online office hours, Drago will share his experiences througha “Customers on the blog, the department said. The department’ mission is to license efficiently andregulatse fairly, the release said. It licensez more than 1 million businesses and professionals ranging from realestatde agents, veterinarians, and accountants to contractors and
Dubbed “Quality on the Line,” the effort is an opportunity for DBPRcustomers “to play an active role in theit government and inspire positive a release said. By sharinb experiences and ideas in an online chat with DPBR SecretargCharles W. Drago, the departmenf said it would enhances service, improve business practices and proposelegislatived changes. The Web-based forum allows customers to interact withDrago one-on-onew and extends the department’s reach to a broader groupp of customers who it believes may not have the time to leaved work and meet with him at districft offices.
In what the department calls “O the Road to Better Business,” Drago toured Florida to meet with the businessz owners and professionals thedepartmentr serves. “Challenging economic times call for more creative approachee to engage customers indepartment enhancements,” Drago said in the The first “Quality on the event will be in South Florida on June 2 from noon to 3 p.m. Dragk plans to hold similar virtual offics hours ineach district. During those periods, he will be at his computeer in Tallahassee, reading and responding to concerns as they come in fromthe Web-based form.
Followint the online office hours, Drago will share his experiences througha “Customers on the blog, the department said. The department’ mission is to license efficiently andregulatse fairly, the release said. It licensez more than 1 million businesses and professionals ranging from realestatde agents, veterinarians, and accountants to contractors and
Saturday, October 13, 2012
U.S. Bank returns TARP money - Business Courier of Cincinnati:
ejyceh.wordpress.com
billion in Troubled Assegt Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announces its plans to redeem the preferred stocjk issued to the Last week, it from the government to do so. U.S. Bank also told the Treasury it intends to repurchasethe 10-yeart warrant it had issued along with the preferrec stock. “The redemption allows our company to returbn to operating from a position of both independentt strength andstrategic flexibility,” said Richard Davis, the company’ss president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank which showee it would be able to ride out the economixc downturn without having to raise more Davis has ofthe government’s capitalp purchase program. In February he called the prograjm “lousy” and said the banking industru was pressured to participate inthe program.
billion in Troubled Assegt Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announces its plans to redeem the preferred stocjk issued to the Last week, it from the government to do so. U.S. Bank also told the Treasury it intends to repurchasethe 10-yeart warrant it had issued along with the preferrec stock. “The redemption allows our company to returbn to operating from a position of both independentt strength andstrategic flexibility,” said Richard Davis, the company’ss president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank which showee it would be able to ride out the economixc downturn without having to raise more Davis has ofthe government’s capitalp purchase program. In February he called the prograjm “lousy” and said the banking industru was pressured to participate inthe program.
Thursday, October 11, 2012
A&R Development picked for $17M Jonestown project - Puget Sound Business Journal (Seattle):
polinaagyvtiwu.blogspot.com
The project falls into the city’ds aims to remake Central which has seen a wave of new developmengt in recent years building off the success of nearbyHarbor A&R, led by Anthony hopes to build a mixed-use development including 107 rental apartments, 18,000 squarw feet of retail space and 156 parking said Tuesday it awarded the firm exclusive negotiatinb rights for the city-ownex land at 110 S. Central Ave. and 1120 Granbg St. The properties combine for about 29,000 square feet. The BDC, the city’s economivc development arm, offered the and two others, up for redevelopment in Augusrt 2008.
“These properties give the city the opportunityy totake vacant, underutilized properties and have them renewesd as private enterprises that will generate taxes and enhance the Jonestown/Washingtonm Hill community,” BDC President M.J. “Jay” Brodie said in a The city also tapped Mitey LLC to negotiatd for a second siteat 1301-1309 E. Lombarcd St. Mitey is a real estatre company formedby Gerry’s Tire which hopes to use the property to expand its adjacent Mitey plans to use the 4,518-square-footf property in the short term as a temporarhy parking lot for its business and would expand onto the city-ownesd property in the future.
The city is reservinyg the rights for thethird property, at 130 S. Central Ave.
The project falls into the city’ds aims to remake Central which has seen a wave of new developmengt in recent years building off the success of nearbyHarbor A&R, led by Anthony hopes to build a mixed-use development including 107 rental apartments, 18,000 squarw feet of retail space and 156 parking said Tuesday it awarded the firm exclusive negotiatinb rights for the city-ownex land at 110 S. Central Ave. and 1120 Granbg St. The properties combine for about 29,000 square feet. The BDC, the city’s economivc development arm, offered the and two others, up for redevelopment in Augusrt 2008.
“These properties give the city the opportunityy totake vacant, underutilized properties and have them renewesd as private enterprises that will generate taxes and enhance the Jonestown/Washingtonm Hill community,” BDC President M.J. “Jay” Brodie said in a The city also tapped Mitey LLC to negotiatd for a second siteat 1301-1309 E. Lombarcd St. Mitey is a real estatre company formedby Gerry’s Tire which hopes to use the property to expand its adjacent Mitey plans to use the 4,518-square-footf property in the short term as a temporarhy parking lot for its business and would expand onto the city-ownesd property in the future.
The city is reservinyg the rights for thethird property, at 130 S. Central Ave.
Wednesday, October 10, 2012
Colorado stimulus board boosts minority-outreach effort - South Florida Business Journal:
haygoodfoafyga1359.blogspot.com
And officials with the Colorado Department of Transportation told the boardr they will recommend the agency review how it handles complaintsx about road and bridge contractes and the use ofthese small, minority- and woman-owned businesses. Maranda Pleau, the smallp business coordinatorfor Greeley-based general contractor , will join the Colorado Economi Recovery and Accountability Board June 29, chairman Don Ellimam said during a board meeting Thursday. Her job is to ensur minority businesses are aware of contracts relatedf to thestimulus package, Elliman said. The movesa come in response to a complaing from HamonContractors Inc.
in Denver over a bridge repair project paid for with money from the Americam Recovery andReinvestment Act. Hamon lost a bid April 16 to rebuildd two bridges over Interstate 76 inAdams County. The lowesgt bid for the contract camefrom Centennial-baseds , which bid $8 million for the project, nearlt 15 percent under CDOT’s estimat e of $9.4 million. State contractxs are typically awarded to the lowest But Hamon objected to CDOT awardingb the projectto Sema, saying Sema didn’t make a "good-faitn effort" to hire enough minority according to a June 3 letter from Mark director of the Governor’s Economic Recovery to the accountability CDOT reviewed the complaint, and Sema’s efforts to get minority businessesz involved in the bridge contract.
The revieew concluded Sema metthe agency’s threshold for trying and CDOT formally awardede the project to the CDOT executive director Russ George said. But CDOT want to review how it handlexs future complaints about using disadvantaged businessew onstate contracts. Celina director of administrationfor CDOT, told the accountabilithy board she will recommen d the agency’s commissioners form a reviesw committee involving members of the interest groups, industry, the attorney general’s office, and federal transportation officials.
How to gather input from minority businesses about theifr experience with a prime Atthe meeting, Hamon attorney Seth Firmende thanked CDOT for beingt willing to review the process. Helga executive director of the Hispanic Contractorsof Colorado, also praisexd CDOT’s move, saying, "Wed believe we’ve been heard."
And officials with the Colorado Department of Transportation told the boardr they will recommend the agency review how it handles complaintsx about road and bridge contractes and the use ofthese small, minority- and woman-owned businesses. Maranda Pleau, the smallp business coordinatorfor Greeley-based general contractor , will join the Colorado Economi Recovery and Accountability Board June 29, chairman Don Ellimam said during a board meeting Thursday. Her job is to ensur minority businesses are aware of contracts relatedf to thestimulus package, Elliman said. The movesa come in response to a complaing from HamonContractors Inc.
in Denver over a bridge repair project paid for with money from the Americam Recovery andReinvestment Act. Hamon lost a bid April 16 to rebuildd two bridges over Interstate 76 inAdams County. The lowesgt bid for the contract camefrom Centennial-baseds , which bid $8 million for the project, nearlt 15 percent under CDOT’s estimat e of $9.4 million. State contractxs are typically awarded to the lowest But Hamon objected to CDOT awardingb the projectto Sema, saying Sema didn’t make a "good-faitn effort" to hire enough minority according to a June 3 letter from Mark director of the Governor’s Economic Recovery to the accountability CDOT reviewed the complaint, and Sema’s efforts to get minority businessesz involved in the bridge contract.
The revieew concluded Sema metthe agency’s threshold for trying and CDOT formally awardede the project to the CDOT executive director Russ George said. But CDOT want to review how it handlexs future complaints about using disadvantaged businessew onstate contracts. Celina director of administrationfor CDOT, told the accountabilithy board she will recommen d the agency’s commissioners form a reviesw committee involving members of the interest groups, industry, the attorney general’s office, and federal transportation officials.
How to gather input from minority businesses about theifr experience with a prime Atthe meeting, Hamon attorney Seth Firmende thanked CDOT for beingt willing to review the process. Helga executive director of the Hispanic Contractorsof Colorado, also praisexd CDOT’s move, saying, "Wed believe we’ve been heard."
Tuesday, October 9, 2012
NY stimulus spending hits milestone - Puget Sound Business Journal (Seattle):
tenamup.wordpress.com
The state has now sought bids forprojectsx that, together, consume more than half of New York’s highwag and bridge funding, said Timothy Gilchrist, an advised to Gov. David Gilchrist is overseeing a state committee that is administerinhgstimulus funds. The $787 billion stimulus requires statesz to obligate at least half of their highwa funds byJune 29. States that do not meet that deadline forfeit their remaininghighway funding, whichj will be redistributed to states that did meet the deadline. To 15 states have failed to obligate at least half of their highway money, Gilchrist said.
New York has now met that requiremen a month aheadof time, having advertisesd bids for at least $392 million of highway projects. “It’sd one less thing that will wake me up at 3 in the Gilchrist saidon Thursday. “Wre get to rest for about 30 And then we have to move Gilchrist said it will take several more months to obligatde all thestimulus money. And the state won’t know until the June 29 deadline whether it will getmore money. “Eachb day, people are processing projects. We won’t know untill the end,” Gilchrist said. Many of the projects that have been advertisedf so far have been in planning for afew years.
In many municipalities are substituting stimulus money for fundinf they had already set aside fora project. The state Department of Transportatioj will also be able todo that, restartinf projects that had been delayed, Gilchristt said. A list of those projects is to be publishedf in afew weeks. It takes up to 12 weeksx from the time a project is announcer to the time when construction A typical bid period lasts four to six and it takes just as long for the statd comptroller to review and authorizethe work, Gilchrisy said. “There will be boots on the grounfthis summer,” he For more information, see the state’s stimulus Web .
The state has now sought bids forprojectsx that, together, consume more than half of New York’s highwag and bridge funding, said Timothy Gilchrist, an advised to Gov. David Gilchrist is overseeing a state committee that is administerinhgstimulus funds. The $787 billion stimulus requires statesz to obligate at least half of their highwa funds byJune 29. States that do not meet that deadline forfeit their remaininghighway funding, whichj will be redistributed to states that did meet the deadline. To 15 states have failed to obligate at least half of their highway money, Gilchrist said.
New York has now met that requiremen a month aheadof time, having advertisesd bids for at least $392 million of highway projects. “It’sd one less thing that will wake me up at 3 in the Gilchrist saidon Thursday. “Wre get to rest for about 30 And then we have to move Gilchrist said it will take several more months to obligatde all thestimulus money. And the state won’t know until the June 29 deadline whether it will getmore money. “Eachb day, people are processing projects. We won’t know untill the end,” Gilchrist said. Many of the projects that have been advertisedf so far have been in planning for afew years.
In many municipalities are substituting stimulus money for fundinf they had already set aside fora project. The state Department of Transportatioj will also be able todo that, restartinf projects that had been delayed, Gilchristt said. A list of those projects is to be publishedf in afew weeks. It takes up to 12 weeksx from the time a project is announcer to the time when construction A typical bid period lasts four to six and it takes just as long for the statd comptroller to review and authorizethe work, Gilchrisy said. “There will be boots on the grounfthis summer,” he For more information, see the state’s stimulus Web .
Sunday, October 7, 2012
New owner surfaces in latest Filene
cahijisebi.wordpress.com
Alan Cohen, Filene’s chief restructurinbg officer, confirmed Monday afternoon that Secaucus, N.J.-based Syms (NASDAQ:SYMS) and New York-base d Vornado (NYSE:VNO) agreed to pay about $63 millioh for the chain. A cour t hearing is set for Wednesday to approve the Cohen said. The auction, which begaj Friday and was continued to took place about a week afterr an affiliateof Men’s Wearhouswe (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’s assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s It wasn’t clear Monday if Syms and Vornadp would acquire all of Filene’w stores.
Both Men’s Wearhouse and Crown had plannes to acquire and keep open a butnot all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’s Basemenyt sought protection from creditors in May in Delawarebankruptcy court, months after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailer (NYSE:DSW), sold the chainh this year to FB II Acquisition Corp., a new entityh owned by liquidation and turnaround firm Buxbaunm Group.
Alan Cohen, Filene’s chief restructurinbg officer, confirmed Monday afternoon that Secaucus, N.J.-based Syms (NASDAQ:SYMS) and New York-base d Vornado (NYSE:VNO) agreed to pay about $63 millioh for the chain. A cour t hearing is set for Wednesday to approve the Cohen said. The auction, which begaj Friday and was continued to took place about a week afterr an affiliateof Men’s Wearhouswe (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’s assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s It wasn’t clear Monday if Syms and Vornadp would acquire all of Filene’w stores.
Both Men’s Wearhouse and Crown had plannes to acquire and keep open a butnot all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’s Basemenyt sought protection from creditors in May in Delawarebankruptcy court, months after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailer (NYSE:DSW), sold the chainh this year to FB II Acquisition Corp., a new entityh owned by liquidation and turnaround firm Buxbaunm Group.
Saturday, October 6, 2012
Elias Abuelazam, Mich. stabber sentenced to life, will likely not face ... - CBS News
viktorevaikubuwo.blogspot.com
CBS News | Elias Abuelazam, Mich. stabber sentenced to life, will likely not face ... CBS News Suspected serial stabber Elias Abuelazam will face no additional trials in Michigan unless his first murder conviction is overturned, a prosecutor said Friday, citing the high cost of bringing each case to court. Abuelazam is already serving a life ... On hold: Future trials for accused serial killer Elias Abuelazam suspended No more Mich. trials for stabbing suspect Ohio prosecutor must weigh trial for serial stabbing suspect convicted of ... |
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