ejyceh.wordpress.com
Several sources have confirmef thatthe Independence-based formerly known as the Reorganizes Church of Jesus Christ of Lattefr Day Saints, and plan a roughlg 600-acre park on church-owned land at the northwestr corner of Missouri Highways 7 and 78. “We’rw working with the landowner to finalize our controlo ofthat land,” said Johan Henriksen, developmenyt manager for . “I hope we will be done by the middldof June. But right now, we’res not ready to discuss what we’re doing.” Independencse City Manager Robert Heacock also was reluctantg todiscuss details.
However, when asked about $674,000 that recently was added tothe city’x capital improvements plan to “install water mainx for the development of a new industrial park in eastern Independence,” Heacock acknowledged that the planned expenditure stemmexd from a conversation with churchb officials about plans for the site at Highways 7 and 78. The water-maij expenditure has been scheduled for year one ofthe 2009-20155 capital improvements plan recently presented to the City Tom Lesnak, president of the (ICED), said the group has been talking about identifying a new industrial park locationh for the past two years because the city is missinfg out on activity in what has remained a hot commerciap real estate sector through the recession.
“Wed haven’t done an industrial park sincethe 1970s, when the 100-acre industrial parks openede along Truman Road,” Lesnam said. “Now, they’re completely full, and we don’tf have anything outside of underground (parks) to marke if we really want to go aftee industrial andmanufacturing again.” Jack Figg, directore of commercial development for the and a membe r of the ICED board, took exception to that Lake City Business Center, a 4,000-acre development owned by the and just east of the Communityh of Christ industrial park includes an ammunition plant operateds by on 3,000 acres, Figg said.
The remainingb 1,000 acres include plenth of room for new privatd industrialpark tenants, he said. “But the challengs with Lake City is that a lot of companies cannotg deal with the security Figg said. “It’s very locked which works well for companies who needthat behind-the-gatw type of security. But for companies that have a lot of truck traffic coming inand out, it just doesn’gt work at all. The securitg is too onerous for them.” Lesnak said ICED stillp was reviewing several potential includingthe church-owned location, for a new industrial After economic development officials identify the best site, he the city probably will discuss incentives.
Figg said he suspects that the churcbh site will include some officd and retail along its highway frontage to help generate money throug a tax incrementfinancin plan, which would divertf sales and property taxes generated by the projecgt to aid in its development. But Figg said his understandinhg wasthat light-industrial and manufacturing uses woulxd dominate the potential Clayco development, which is on the same rail line that servees the Lake City Business Center. Clayco, which has developed 2,700o acres and built more than 90 million square feet of structures sincee its1984 inception, has worked locally on projectz such as a distribution center in Shawnewe and the at the .
Larrt Norris, Community of Christ’s representativse on the ICED board, declined to discuss Clayco or the Independence industrialpark project, deferrin to the church’s presiding bishop, Steve Jones, who was unavailable. According to Jackson County realestatew records, Community of Christ owns 353 parcels in Jackson County, including land throughout the Little Blue River Valley in eastern Independence. That acreage includesz the 2,300-acre Harmony mixed-use project that the churcnh selected Cleveland-based to develop, Lesnak said.
Sunday, September 30, 2012
Saturday, September 29, 2012
Friday, September 28, 2012
Charles J. Kleman Executive Profile
lehoquvuhu.wordpress.com
a manufacturer and distributor of energymanagement systems, as its Vice Prior to 1986, Mr. Kleman was employed by varioux publicaccounting firms, spending over four year of that time with Arthur Andersenj & Co. **All Executive profile data provided byDow
a manufacturer and distributor of energymanagement systems, as its Vice Prior to 1986, Mr. Kleman was employed by varioux publicaccounting firms, spending over four year of that time with Arthur Andersenj & Co. **All Executive profile data provided byDow
Wednesday, September 26, 2012
Weather Channel heads to swing states on Election Day, says rain or shine ... - Washington Post
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Washington Times | Weather Channel heads to swing states on Election Day, says rain or shine ... Washington Post Paul Walsh, vice president of weather analytics for The Weather Channel, said he was surprised at the number of people who suggested rain or shine could be the deciding factor in whether they vote, particularly among the undecided voters. รข€œIn a close . .. Weather Channel heads to swing states for election |
Tuesday, September 25, 2012
Sunday, September 23, 2012
Most major retailers in Colorado see nationwide sales drop in Feb. - Denver Business Journal:
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Here's a roundup of nationwide result s of major retailers operatingin • Macy’s Inc. reported a 8.5 percentr drop in sales for the four-week Februarty period, as customers stayed home or took their tradeto lower-enr retailers. Total sales were $1.6 billion for the period, down 9.3 perceng from $1.7 billion in February 2008. Online salex were a bright spot, with combined sales for Macy’s M) and Bloomingdale’s growing 16.2 percent duringy the period. • (NYSE: DDS) saw same-store salea decline by 13 percent, which was a larger drop than analystsa expected. • (NYSE: JCP) posted a 8.8 percenyt decline. • Kohl’s Inc.
(NYSE: KSS) reportecd a decline of 1.6 percent in same-stored sales. • (NYSE: TGT) same-store sales fell by 4.1 But that was better than the 4.8 percent declin e projected by analysts. • JWN). said February same-store sales at storese open a year or longerfell 15.4 percent comparede with the same time last year. Tota l sales skidded nearly 11 percent, falling to $471 millionh from $529 million in February 2008. (NYSE: SKS) sales dove 26 percent in February. The company said it saw continued weakness across allmerchandise categories, especiall y in women’s apparel.
• (NYSE: LTD) reported a 7 percenf drop, which was in line with analyst Limited Brandsoperates Victoria’s Secret, Bath Body Works and several other storw brands in Colorado. • (NYSE: GPS) said its same-storw sales fell 12 percent, beating analyst estimates of a 15.5 percen decline. • Wal-Mart (NYSE: WMT) buckee the trend, reporting stronger-than-expected results. It notchedr a 5.1 percent improvement in same-store sales. Analysts had projectedr a 2.4 percent gain. Retail a Massachusetts firm that tracksmerchanr activity, estimated February salees to fall by 1.1 perceny overall, compared with a 1.8 percentf decline in January.
It marks the fifth consecutive montbh for asales drop. Fair weatherr and more inspired spring stylesand pent-up demand all contributed to its slightly improved forecast. All that the group, in its monthly newsletter, characterizedx February as “ typically a low-volume montuh in the grand schemeof things.” As a it advised not to read to much into the Our sister newspapers, the Cincinnati Businessd Courier and the Puget Sounr Business Journal of Seattle, contributed to this report.
Here's a roundup of nationwide result s of major retailers operatingin • Macy’s Inc. reported a 8.5 percentr drop in sales for the four-week Februarty period, as customers stayed home or took their tradeto lower-enr retailers. Total sales were $1.6 billion for the period, down 9.3 perceng from $1.7 billion in February 2008. Online salex were a bright spot, with combined sales for Macy’s M) and Bloomingdale’s growing 16.2 percent duringy the period. • (NYSE: DDS) saw same-store salea decline by 13 percent, which was a larger drop than analystsa expected. • (NYSE: JCP) posted a 8.8 percenyt decline. • Kohl’s Inc.
(NYSE: KSS) reportecd a decline of 1.6 percent in same-stored sales. • (NYSE: TGT) same-store sales fell by 4.1 But that was better than the 4.8 percent declin e projected by analysts. • JWN). said February same-store sales at storese open a year or longerfell 15.4 percent comparede with the same time last year. Tota l sales skidded nearly 11 percent, falling to $471 millionh from $529 million in February 2008. (NYSE: SKS) sales dove 26 percent in February. The company said it saw continued weakness across allmerchandise categories, especiall y in women’s apparel.
• (NYSE: LTD) reported a 7 percenf drop, which was in line with analyst Limited Brandsoperates Victoria’s Secret, Bath Body Works and several other storw brands in Colorado. • (NYSE: GPS) said its same-storw sales fell 12 percent, beating analyst estimates of a 15.5 percen decline. • Wal-Mart (NYSE: WMT) buckee the trend, reporting stronger-than-expected results. It notchedr a 5.1 percent improvement in same-store sales. Analysts had projectedr a 2.4 percent gain. Retail a Massachusetts firm that tracksmerchanr activity, estimated February salees to fall by 1.1 perceny overall, compared with a 1.8 percentf decline in January.
It marks the fifth consecutive montbh for asales drop. Fair weatherr and more inspired spring stylesand pent-up demand all contributed to its slightly improved forecast. All that the group, in its monthly newsletter, characterizedx February as “ typically a low-volume montuh in the grand schemeof things.” As a it advised not to read to much into the Our sister newspapers, the Cincinnati Businessd Courier and the Puget Sounr Business Journal of Seattle, contributed to this report.
Saturday, September 22, 2012
Monkey Joe
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Both Atlanta-based Monkey Joe’s Parties and Play and Hallandale Fla.-based European Wax Center are scoutin the area for new Matthew Reed, a retail broker at NewQuesf Properties who is representing both retailers in lease negotiations, says Europeanj Wax Center has signed two leases and is currentlyu negotiating for two more. Monkey Joe’s is initially looking for three sitex in thelocal market, according to Reed.
Monket Joe’s caters to children ages two to 12 withgiant air-filles structures, obstacle courses and developmental The locations also feature private party roomws with on-site party planninfg and concession items, as well as a parent’ws lounge with big-screen TVs and free Internegt access. Monkey Joe’s is owned by Atlanta-based Raving Brandws Inc. The privately held company also ownsPlanet Smoothie, Doc Shane’s Rib Shack, Boneheadx and Flying Biscuit. With the exception of Planet Smoothie, none of thosew brands currently operatein Houston.
The franchisees for Monkey Joe’s in John Rush, could not be reached for but Reed says the company is currentlh working on lease agreements inWest Houston, the Willowbrook area and in He expects the first location to open by the end of the He says each Monkey Joe’s site must span 15,00p square feet and have ceilingsw at least 22 feet high to accommodate the inflatablw structures. Meanwhile, European Wax Center is planning to briny itsproprietary four-step waxing system to the local market and has already signed two The first European Wax Centefr is scheduled to open in River Oaks Plazas at 1564 West Gray on June 15.
A second slated to open laterthis summer, will be locatecd in the West University area at 5154 Buffalo Reed says there are also deals in the workse in the Memorial area, the Woodway/Voss area and the Gallerisa area. “We plan to enter all upscaled subdivisionsaround Houston,” says Judd Miller, who owns the franchise rightsa in Houston and Dallas. Miller, who is also a franchisees and developer for Massage Envy Ltd. LLC, says he plans to open 30 to 40 waxingb salons in Houston alone over the next four tofive years.
The Europeajn Wax Center concept caters to men and womenj ages 18 to 44 and bills itself as offering affordablewaxing services, with the most expensivse service being a $35 Brazilian wax. In additioj to individual services, the centerds offer monthly membershipsfor $9.99. Members receive a 30 percent discount onall services. Miller comparexs European Wax Centerto Ariz.-based Massage Envy, which is structured to offe affordable services to the Massage Envy members pay $49 per month for a one-houd massage and can add additional massages for $39.
Miller doesn’t consider expanding into the waxingt business during the economic downturn a risk becaus e ofthe value-priced European Wax Center “If you look around, all of the businesses performinfg well are businesses that provide valus to the customer,” he “People are still spending money as long as they are receivin g a value for their money.” Europeah Wax currently has nine locations one in California, one in Arizona and seven in Others are on the way in Nevadaz and Texas.
In the past six the company has sold more than 50 with 100 locations anticipated by the end of this Current expansion plansinclude Nevada, Texas, New New Jersey, California, Florida and European Wax Center is set to open 85 locations in the Texaz market over the next four years. While Monkeuy Joe’s and European Wax Center are otherfranchises aren’t experiencing the same The Franchise Business Economic Outlook for 2009, prepared by PricewaterhouseCoopers LLP, forecastsz that the number of franchises will decline in 2009 by 1.2 from nearly 865,000 to less than 855,000 a net loss of some 10,00 establishments.
These estimated declines can be in part, to the unfolding credit
Both Atlanta-based Monkey Joe’s Parties and Play and Hallandale Fla.-based European Wax Center are scoutin the area for new Matthew Reed, a retail broker at NewQuesf Properties who is representing both retailers in lease negotiations, says Europeanj Wax Center has signed two leases and is currentlyu negotiating for two more. Monkey Joe’s is initially looking for three sitex in thelocal market, according to Reed.
Monket Joe’s caters to children ages two to 12 withgiant air-filles structures, obstacle courses and developmental The locations also feature private party roomws with on-site party planninfg and concession items, as well as a parent’ws lounge with big-screen TVs and free Internegt access. Monkey Joe’s is owned by Atlanta-based Raving Brandws Inc. The privately held company also ownsPlanet Smoothie, Doc Shane’s Rib Shack, Boneheadx and Flying Biscuit. With the exception of Planet Smoothie, none of thosew brands currently operatein Houston.
The franchisees for Monkey Joe’s in John Rush, could not be reached for but Reed says the company is currentlh working on lease agreements inWest Houston, the Willowbrook area and in He expects the first location to open by the end of the He says each Monkey Joe’s site must span 15,00p square feet and have ceilingsw at least 22 feet high to accommodate the inflatablw structures. Meanwhile, European Wax Center is planning to briny itsproprietary four-step waxing system to the local market and has already signed two The first European Wax Centefr is scheduled to open in River Oaks Plazas at 1564 West Gray on June 15.
A second slated to open laterthis summer, will be locatecd in the West University area at 5154 Buffalo Reed says there are also deals in the workse in the Memorial area, the Woodway/Voss area and the Gallerisa area. “We plan to enter all upscaled subdivisionsaround Houston,” says Judd Miller, who owns the franchise rightsa in Houston and Dallas. Miller, who is also a franchisees and developer for Massage Envy Ltd. LLC, says he plans to open 30 to 40 waxingb salons in Houston alone over the next four tofive years.
The Europeajn Wax Center concept caters to men and womenj ages 18 to 44 and bills itself as offering affordablewaxing services, with the most expensivse service being a $35 Brazilian wax. In additioj to individual services, the centerds offer monthly membershipsfor $9.99. Members receive a 30 percent discount onall services. Miller comparexs European Wax Centerto Ariz.-based Massage Envy, which is structured to offe affordable services to the Massage Envy members pay $49 per month for a one-houd massage and can add additional massages for $39.
Miller doesn’t consider expanding into the waxingt business during the economic downturn a risk becaus e ofthe value-priced European Wax Center “If you look around, all of the businesses performinfg well are businesses that provide valus to the customer,” he “People are still spending money as long as they are receivin g a value for their money.” Europeah Wax currently has nine locations one in California, one in Arizona and seven in Others are on the way in Nevadaz and Texas.
In the past six the company has sold more than 50 with 100 locations anticipated by the end of this Current expansion plansinclude Nevada, Texas, New New Jersey, California, Florida and European Wax Center is set to open 85 locations in the Texaz market over the next four years. While Monkeuy Joe’s and European Wax Center are otherfranchises aren’t experiencing the same The Franchise Business Economic Outlook for 2009, prepared by PricewaterhouseCoopers LLP, forecastsz that the number of franchises will decline in 2009 by 1.2 from nearly 865,000 to less than 855,000 a net loss of some 10,00 establishments.
These estimated declines can be in part, to the unfolding credit
Friday, September 21, 2012
Developer pulls out of Sierra Vista as approval costs increase - South Florida Business Journal:
jabire2389.blogspot.com
The Sierra Vista Specific Planoverlays 2,100 acres of untapped grasslanfd at the city’s southwest limits eyed as Roseville’s next majot growth area once the West Roseville Specific Plan is built out. Like most plans, it aims to convertt land into homes andcommercial development. Sacramento’s second-largest developer based on controls 400 acres at the western portionh of theplan area, or abour 20 percent of the overalkl property. That land will no longer be part of the SierrVista plan. The company is dissatisfied with the progrese in getting approvals and is leery of pumpinv inadditional funding, vice president Steve Thurtle said.
Other major owners in Sierrwa Vistainclude , and . The grouo had planned to gain approvalsfor 10,30o homes and a substantial commercial but the plan will likely be revisedr with Richland’s exit. Representatives from othe r landowners did not return callsseeking comment. City officials said the approvalk process for Sierra Vista will recommence once the ownerws decide how to proceedwithouyt Richland’s input or funding. Richland said owners have alreadyspen $3.5 million and determined the entitlemeny process could cost an additional $3.5 million or more.
“We did not want to continuee to fund that levelof investment,” Thurtl e said, noting that Richland had contributed abou $1 million. “You don’t approach entitlements the way it has been done in the last 10 Why not take our time and do itmore efficiently?” Richlancd has other holdings in Roseville and is a majorr participant in new growth areas in Lincoln. Thurtle didn’tr want to characterize the company’e stance as pulling out of the Sierra Vista projectt because it would rejoin if costs couldbe lowered.
The companyg proposed renegotiating contracts with consultants hired to perform the lengthy analysi s that accompaniesmajor developments, but other ownerd didn’t want to go that Thurtle said consultants have been willing to rework contracta because there’s been a drop-off in demand for thei r services due to the housing slump. But another majof factor was that critical utility issuesremaimn unresolved. John Sprague, Roseville’s assistanty city manager of community development, acknowledgexd that consultants had not established a definitiv e water source or a plan to handl e the increased traffic that comew withnew development.
“We feel comfortable that we will be able to addreszthese issues,” Sprague said. The city is in discussionsx with the and the over water purchases for the new There is heightened interest in the area due to the presenc e ofseasonal wetlands, areas that environmental groupw fiercely defend from development. Sprague said the city has initiater a policy of consulting federal agenciesd involved in preserving wetlands such as the and the beforre major developmentsare approved. The Sierrz Vista Specific Plan might require a separatw environmental analysisover wetlands. And that will likelgy push costs up. “It can be very he said.
The application for the Sierrq Vista plan is being processecd almost concurrently with another tothe north, the Creekview Specifi Plan. It’s a 570-acre plot with longtimd property owners who have suggestedbuilding 3,000 homes, a mixed-usre component and commercial development. Abouft a fourth of the land is reservexd foropen space. Together, the two plans called for abouf 13,300 homes and would square off Roseville’ s western boundary. Annexation of new lands into the however, can take years.
The Sierra Vista Specific Planoverlays 2,100 acres of untapped grasslanfd at the city’s southwest limits eyed as Roseville’s next majot growth area once the West Roseville Specific Plan is built out. Like most plans, it aims to convertt land into homes andcommercial development. Sacramento’s second-largest developer based on controls 400 acres at the western portionh of theplan area, or abour 20 percent of the overalkl property. That land will no longer be part of the SierrVista plan. The company is dissatisfied with the progrese in getting approvals and is leery of pumpinv inadditional funding, vice president Steve Thurtle said.
Other major owners in Sierrwa Vistainclude , and . The grouo had planned to gain approvalsfor 10,30o homes and a substantial commercial but the plan will likely be revisedr with Richland’s exit. Representatives from othe r landowners did not return callsseeking comment. City officials said the approvalk process for Sierra Vista will recommence once the ownerws decide how to proceedwithouyt Richland’s input or funding. Richland said owners have alreadyspen $3.5 million and determined the entitlemeny process could cost an additional $3.5 million or more.
“We did not want to continuee to fund that levelof investment,” Thurtl e said, noting that Richland had contributed abou $1 million. “You don’t approach entitlements the way it has been done in the last 10 Why not take our time and do itmore efficiently?” Richlancd has other holdings in Roseville and is a majorr participant in new growth areas in Lincoln. Thurtle didn’tr want to characterize the company’e stance as pulling out of the Sierra Vista projectt because it would rejoin if costs couldbe lowered.
The companyg proposed renegotiating contracts with consultants hired to perform the lengthy analysi s that accompaniesmajor developments, but other ownerd didn’t want to go that Thurtle said consultants have been willing to rework contracta because there’s been a drop-off in demand for thei r services due to the housing slump. But another majof factor was that critical utility issuesremaimn unresolved. John Sprague, Roseville’s assistanty city manager of community development, acknowledgexd that consultants had not established a definitiv e water source or a plan to handl e the increased traffic that comew withnew development.
“We feel comfortable that we will be able to addreszthese issues,” Sprague said. The city is in discussionsx with the and the over water purchases for the new There is heightened interest in the area due to the presenc e ofseasonal wetlands, areas that environmental groupw fiercely defend from development. Sprague said the city has initiater a policy of consulting federal agenciesd involved in preserving wetlands such as the and the beforre major developmentsare approved. The Sierrz Vista Specific Plan might require a separatw environmental analysisover wetlands. And that will likelgy push costs up. “It can be very he said.
The application for the Sierrq Vista plan is being processecd almost concurrently with another tothe north, the Creekview Specifi Plan. It’s a 570-acre plot with longtimd property owners who have suggestedbuilding 3,000 homes, a mixed-usre component and commercial development. Abouft a fourth of the land is reservexd foropen space. Together, the two plans called for abouf 13,300 homes and would square off Roseville’ s western boundary. Annexation of new lands into the however, can take years.
Wednesday, September 19, 2012
Feinstein's Fall Farewell: Marilyn and Michael's Melodic Musings Kick Off the ... - New York Observer
vittitowmehigyk1238.blogspot.com
Feinstein's Fall Farewell: Marilyn and Michael's Melodic Musings Kick Off the ... New York Observer A badly needed four-week vacation followed by a busy week seeing five films a day at the Toronto International Film Festival has left me way behind in telling you about Michael Feinstein and Marilyn Maye's tuneful contribution to the final season at ... |
CBS News | Buffalo Bill performer being reburied at South Dakota reservation The Seattle Times Start the conversation >. advertising. SIOUX F » |
Friday, September 7, 2012
Survey: Southwesterners in favor of health care reform - Phoenix Business Journal:
qalymeled.wordpress.com
The 45-question telephone poll questionedr 501 people livingin Arizona, Nevada, New Mexiclo and Texas. Most respondenta — 53 percent — said “ great deal” of reform was while 33 percent optedfor “only a reform. Fewer than 15 percent of respondents said no reforjmwas needed. Some 64 percent of participants aged 31 to 44 and 61 perceny of those aged 45 to 60 said they believecd a great deal of reformwas needed.
When it came to government-sponsorefd health care, 53 percent of respondents said they or “somewhat” favored the government guaranteeing health However, that number climbed to 61 percen for the 18 to 30 age For those 61 and older, the figure fell to 41 Most respondents — 89 percent said they were covered by health insurance or a simila r plan, with 72 percent saying they were or “somewhat” concerned that coverage costs would increase in the near future. Fifty one percent also said they were concernedf that the extent of thei r coveragewould decrease.
The 45-question telephone poll questionedr 501 people livingin Arizona, Nevada, New Mexiclo and Texas. Most respondenta — 53 percent — said “ great deal” of reform was while 33 percent optedfor “only a reform. Fewer than 15 percent of respondents said no reforjmwas needed. Some 64 percent of participants aged 31 to 44 and 61 perceny of those aged 45 to 60 said they believecd a great deal of reformwas needed.
When it came to government-sponsorefd health care, 53 percent of respondents said they or “somewhat” favored the government guaranteeing health However, that number climbed to 61 percen for the 18 to 30 age For those 61 and older, the figure fell to 41 Most respondents — 89 percent said they were covered by health insurance or a simila r plan, with 72 percent saying they were or “somewhat” concerned that coverage costs would increase in the near future. Fifty one percent also said they were concernedf that the extent of thei r coveragewould decrease.
Wednesday, September 5, 2012
Target's Q1 profit beats estimates - Pacific Business News (Honolulu):
fugycyquwod.blogspot.com
The Minneapolis-based retailer reported net earningxsof $522 million, or 69 cents per share, for the quarterf ended May 2. That’s down from $602 or 74 cent per share, in the comparable quarterf last year. Analysts surveyed by Thomson Reuters had projectesd earnings of 59 centsper share. Target’s total revenuwe came in at $14.83 billion for the firsyt quarter, up 0.2 percent from $14.8i billion a year ago. Store sales increased 0.4 percent to $14.36 billion, as new store growth offsett a 3.7 percent decline in same-store sales. Crediyt card revenue declined 5.
7 percent to $472 In a statement, Target Chairman, Presidenyt and CEO Gregg Steinhafel said store performance improves thanks to strong food and commodity salesx andreduced expenses. The credigt card results, meanwhile, were profitable and consistent withour expectations,” he “Very importantly, we believe this improves stability and predictability in key aspects of both our retail and credit card segments reflects the resilience of our strateg and underscores our ability to generate substantial value for our shareholders over time,” Steinhafel said.
At the end of the firsrt quarter, Target (NYSE: TGT) operated 1,698 stores in 49 states, including two Hawaii stores that opened in March in Salt Lakeand Kapolei.
The Minneapolis-based retailer reported net earningxsof $522 million, or 69 cents per share, for the quarterf ended May 2. That’s down from $602 or 74 cent per share, in the comparable quarterf last year. Analysts surveyed by Thomson Reuters had projectesd earnings of 59 centsper share. Target’s total revenuwe came in at $14.83 billion for the firsyt quarter, up 0.2 percent from $14.8i billion a year ago. Store sales increased 0.4 percent to $14.36 billion, as new store growth offsett a 3.7 percent decline in same-store sales. Crediyt card revenue declined 5.
7 percent to $472 In a statement, Target Chairman, Presidenyt and CEO Gregg Steinhafel said store performance improves thanks to strong food and commodity salesx andreduced expenses. The credigt card results, meanwhile, were profitable and consistent withour expectations,” he “Very importantly, we believe this improves stability and predictability in key aspects of both our retail and credit card segments reflects the resilience of our strateg and underscores our ability to generate substantial value for our shareholders over time,” Steinhafel said.
At the end of the firsrt quarter, Target (NYSE: TGT) operated 1,698 stores in 49 states, including two Hawaii stores that opened in March in Salt Lakeand Kapolei.
Tuesday, September 4, 2012
Air America, Bonneville reach local marketing agreement for 1050 AM - Washington Business Journal:
hegenefipa.blogspot.com
The progressive talk radio network has reached a local marketing agreement with to begin broadcastinf its programmingon Bonneville’s 1050 AM signakl in the Washington area. Air America expects to launch during the montyhof June, although an official date, call letters and programminf line-up have not yet been determined. As part of the Air America will essentially lease the signal from and thenhandle operations, programming and advertising sales. Financial terms of the multi-year deal were not Air America has hired some localsales staff, and will occupy a small space in Bonneville’s Washington offices. “Aitr America is obviously very interested inthe D.C.
said Bennett Zier, Air America’s CEO and a former executivde with Clear Channel and Red ZebraBroadcastinv locally. “It’s where decisions are Its number one business is Air America initially approached Bonneville to put together the which had been looking for someone to pick up the The deal came together during the pastfew Currently, Bonneville simulcasts WTOP’s signal on 1050 AM, along with some sportsz programming. The sports programming will remain, Bonneville Senio Regional Vice President JoelOxley said, which will mainly be heard on nights and weekends.
The progressive talk radio network has reached a local marketing agreement with to begin broadcastinf its programmingon Bonneville’s 1050 AM signakl in the Washington area. Air America expects to launch during the montyhof June, although an official date, call letters and programminf line-up have not yet been determined. As part of the Air America will essentially lease the signal from and thenhandle operations, programming and advertising sales. Financial terms of the multi-year deal were not Air America has hired some localsales staff, and will occupy a small space in Bonneville’s Washington offices. “Aitr America is obviously very interested inthe D.C.
said Bennett Zier, Air America’s CEO and a former executivde with Clear Channel and Red ZebraBroadcastinv locally. “It’s where decisions are Its number one business is Air America initially approached Bonneville to put together the which had been looking for someone to pick up the The deal came together during the pastfew Currently, Bonneville simulcasts WTOP’s signal on 1050 AM, along with some sportsz programming. The sports programming will remain, Bonneville Senio Regional Vice President JoelOxley said, which will mainly be heard on nights and weekends.
Monday, September 3, 2012
Petrobras buys 50 percent stake in Pasadena refinery - Houston Business Journal:
iqukikofor.wordpress.com
in a move to expand the company's presenc e in U.S. downstream operations. The Pasadena refinery, located next to the Houstob Ship Channel, has a processing capacity of 100,000 barrels per day. The downstream oil segment includes the refiningv of crude oil and the selling and distributiomn of products derivedfrom crude. Petróleo Brasileiro (NYSE: better known as , is explorintg a way to boost capacity at the refinery by as muchas 100,00p barrels per day. The expansiohn plans incorporate units that will enablr the refinery to proceswheavier oils, such as Petrobras' Marlim as well as deliver products that will meet all U.S. regulatoru and environmental requirements.
Founded in 1953 as Brazil'as state oil company, Petrobras has 97 production platforms that producec more than 2 millioh barrels of oil equivalentin 2005. It operates 16 refineriea with a capacityof 2.1 million barreld a day.
in a move to expand the company's presenc e in U.S. downstream operations. The Pasadena refinery, located next to the Houstob Ship Channel, has a processing capacity of 100,000 barrels per day. The downstream oil segment includes the refiningv of crude oil and the selling and distributiomn of products derivedfrom crude. Petróleo Brasileiro (NYSE: better known as , is explorintg a way to boost capacity at the refinery by as muchas 100,00p barrels per day. The expansiohn plans incorporate units that will enablr the refinery to proceswheavier oils, such as Petrobras' Marlim as well as deliver products that will meet all U.S. regulatoru and environmental requirements.
Founded in 1953 as Brazil'as state oil company, Petrobras has 97 production platforms that producec more than 2 millioh barrels of oil equivalentin 2005. It operates 16 refineriea with a capacityof 2.1 million barreld a day.
Saturday, September 1, 2012
Madoff gets 150 years in prison - Business First of Buffalo:
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“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollar to Madoff's scheme. The mastermind behindx the biggest Ponzi schemein U.S. history was sentenced on Monday morning in federal courrt in Manhattan to 150 years behind the maximum requested byfederao prosecutors. Madoff's attorney had asked for a far more leniengt sentence of12 years. In sentencing Madoff, U.S.
District Judgr Denny Chin called thefraudc “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily “No other white-collar case is comparable in term s of the scope, duration and enormity of the fraus and the degree of the Chin said. Madoff confessed in Marchu to 11 countsincluding fraud, money laundering thefyt and perjury, among other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their lossea are estimated at morethan $13 billion. Prior to Chin heard from nine of the victims who talkedx about thedevastation Madoff’s fraud had caused to their lives and their families.
Many of Madoff’s wealthuy clients lived in South Florida and lost theid life savings tohis scheme. Fox, 86, said she is stillp furious that the and the federalgovernment didn’tt expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobod seems to do anything about it,” Fox She also took issue with the large fees being paid to peopler such asIrving H. Picard, the trusteew who is handling the liquidation ofBernarx L. Madoff Investment Securities. “The trustee Picarf is making hisown rules. They’re paying these guys millions of It would be better to pay the investors Fox said.
Fox, a widow who once worked as secretary in New said sheinvested $50,00 in 1987 because she was related to Madoff’s accountant, Jerryy Horowitz. She said she was able to get some moneyu back from Social Securitypayments she’d made over the yearws on “phantom” income from Madoff accounts. However, she is worriexd that her disbursements may eventually be targeted in clawbacj efforts by the trustee in bankruptcy proceedinga who has begun sending out letters demandint the return of profits derived fromtheirt investments.
Guy Fronstin a Boca Ratoj attorney who hasadvised Fox, said the government has “beeb good about refunding taxesw quickly” but there are delays in processing claimsw to the Securities Investor Protection “Some of the people I know are too busy with thesd other issues to really care that much about what happene d today. They believed he woulr spend the rest of his days in Fronstin said. Jan Atlas, an attorne y with Adorno Yoss, said he believes the courtg had little choice but to levy the maximumn sentenceon Madoff.
“I don’t thinlk the victims should have been victimized again by havinb him be able to leave prison one said Atlas, whose firm continues to advise clients abou t tax returns and possibly future claime against investment advisors who invested with Madoff. “I’m wonderingy if the trustee will be able to locate more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and property involvecd in certain of his crimes, accordint to a news release from the U.S.
Department of “While today’s sentence is an important the investigationis continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews release. “We are focusedf on tracing, restraining and liquidating assetsz to maximize recoveries forthe
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollar to Madoff's scheme. The mastermind behindx the biggest Ponzi schemein U.S. history was sentenced on Monday morning in federal courrt in Manhattan to 150 years behind the maximum requested byfederao prosecutors. Madoff's attorney had asked for a far more leniengt sentence of12 years. In sentencing Madoff, U.S.
District Judgr Denny Chin called thefraudc “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily “No other white-collar case is comparable in term s of the scope, duration and enormity of the fraus and the degree of the Chin said. Madoff confessed in Marchu to 11 countsincluding fraud, money laundering thefyt and perjury, among other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their lossea are estimated at morethan $13 billion. Prior to Chin heard from nine of the victims who talkedx about thedevastation Madoff’s fraud had caused to their lives and their families.
Many of Madoff’s wealthuy clients lived in South Florida and lost theid life savings tohis scheme. Fox, 86, said she is stillp furious that the and the federalgovernment didn’tt expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobod seems to do anything about it,” Fox She also took issue with the large fees being paid to peopler such asIrving H. Picard, the trusteew who is handling the liquidation ofBernarx L. Madoff Investment Securities. “The trustee Picarf is making hisown rules. They’re paying these guys millions of It would be better to pay the investors Fox said.
Fox, a widow who once worked as secretary in New said sheinvested $50,00 in 1987 because she was related to Madoff’s accountant, Jerryy Horowitz. She said she was able to get some moneyu back from Social Securitypayments she’d made over the yearws on “phantom” income from Madoff accounts. However, she is worriexd that her disbursements may eventually be targeted in clawbacj efforts by the trustee in bankruptcy proceedinga who has begun sending out letters demandint the return of profits derived fromtheirt investments.
Guy Fronstin a Boca Ratoj attorney who hasadvised Fox, said the government has “beeb good about refunding taxesw quickly” but there are delays in processing claimsw to the Securities Investor Protection “Some of the people I know are too busy with thesd other issues to really care that much about what happene d today. They believed he woulr spend the rest of his days in Fronstin said. Jan Atlas, an attorne y with Adorno Yoss, said he believes the courtg had little choice but to levy the maximumn sentenceon Madoff.
“I don’t thinlk the victims should have been victimized again by havinb him be able to leave prison one said Atlas, whose firm continues to advise clients abou t tax returns and possibly future claime against investment advisors who invested with Madoff. “I’m wonderingy if the trustee will be able to locate more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and property involvecd in certain of his crimes, accordint to a news release from the U.S.
Department of “While today’s sentence is an important the investigationis continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews release. “We are focusedf on tracing, restraining and liquidating assetsz to maximize recoveries forthe
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