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The New York-based company — whicbh has 3,000 employees in the Dayton area — has sent 13,0090 letters to former customers whose personal data may beat risk, the company said in a The breach involved a former customer for a compang called , which LexisNexis bought in 2004, and was announcesd by the U.S. Attorney for the Southern Districtr of Floridain May, according to a LexisNexies spokesperson. “(The) customer involved in this mattee should have provided notice to potentiallyaffected individuals,” LexisNexiz said in a statement. “However, because the customer is no longer in business we providedthe notice.
” Accordinbg to the — which includez CIO magazine and PC World — the New Hampshirse Department of Justice posted a document Friday on its Web site to inform consumers about the By Monday evening, the link had been removed. The documentr reportedly tied aFlorida man, with mob connectionss to the Bonanno crime family, with accessing LexisNexiws data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separate investigatioj into alleged credit card fraud, perpetrated by former customers of the company, according to a company That fraud occurred from June 2004 to October 2007. The U.S.
Postaol Inspection Service released a statement thatsaid 40,000 letters will be sent to consumers and 300 victimws have been identified in an investigation concerninf the breach. The company was part of a similaer incident in 2005 and sent letters thento 280,000 customers who may have been victims of identity LexisNexis U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The company is an online informatio services and publishing companywith 13,000 peoplse worldwide.
Monday, December 31, 2012
Friday, December 28, 2012
Courts delay Chrysler bankruptcy - Denver Business Journal:
jaqezuweg.blogspot.com
According to Bloomberg, Justice Ruth Bade r Ginsburg has put the bankruptcy court ruling allowing the sale on hold until further notice, though a timeline and specific reaso n was not provided. The delayt came after Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’s decision to sell to Fiat. Under Chrysler’s Chapter 11 bankruptcyg reorganization, Chrysler would sell its assets to Italianj carmaker Fiat. It also was announced last month789 U.S.
dealerships will lose theirf franchises by June 9 as part of the Chrysler has listed two Triad dealershipes that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delau will mean anything significant for his but hopes that the courtzs will more closely review the decision to cut He says ifnothing else, he’d hope Chrysletr could help buy back inventory and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the companyg has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them liquidated. Abouy five employees have beenlaid off, leaviny about 20. Another six to eight coulc be cut if thebankruptcy deal, as is, goes through.
According to Bloomberg, Justice Ruth Bade r Ginsburg has put the bankruptcy court ruling allowing the sale on hold until further notice, though a timeline and specific reaso n was not provided. The delayt came after Indiana pension funds requested a stay from the courtg so it could hear their appealof Chrysler’s decision to sell to Fiat. Under Chrysler’s Chapter 11 bankruptcyg reorganization, Chrysler would sell its assets to Italianj carmaker Fiat. It also was announced last month789 U.S.
dealerships will lose theirf franchises by June 9 as part of the Chrysler has listed two Triad dealershipes that will lose their Stearns Chrysler Jeep in Graha andCity Motors, which sells Jeep, in Greensboro. Mike general manager of City Motors, said he does not know if they delau will mean anything significant for his but hopes that the courtzs will more closely review the decision to cut He says ifnothing else, he’d hope Chrysletr could help buy back inventory and not simply take away the “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the companyg has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them liquidated. Abouy five employees have beenlaid off, leaviny about 20. Another six to eight coulc be cut if thebankruptcy deal, as is, goes through.
Thursday, December 27, 2012
Forest City breaks ground on D.C. park - Business First of Louisville:
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The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridge and walkingy paths that connect the site with othere developments along the waterfront. The Yarda development is five blocks east of theNationalss Park, near the Navy Yard Metrorail Mayor Adrian Fenty said "a worlfd class city needs a world-class waterfront" and I think, is the biggest part to that." He was joinedd by Councilman Tommy Wells, D-Ward 6, and Kwamer Brown, D-at large. The Yards is the only public-privatre partnership in the country being built on federal which was made available by Congressin 2000. Forest City and its , plan 2,800 residentiao units, 1.
8 million square feet of offices and as muchas 400,000o square feet of Congressional Del. Eleanor Holmes D-D.C., said the projectt connects District residents with a waterfront thatpreviouslgy "has never been open to the people of the Construction aside from work on the publicly financed park has largelgy stalled as the developers seek financing. Forest City Washington Presiden t Deborah Ratner Salzberg said she is working on financiny for redevelopment ofthe Navy’s former pattern and joiner shop into a 170-uni residential project called the Foundru Lofts apartments, which overlook the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasinb space in a former Navy boiler manufacturing facility and other buildings.
The park could be completed by the summerfof 2010. It will be manageed by the Capitol Riverfront BusinessImprovement
The 5.4-acre park will include open recreation landscaped gardens, public art, a pedestrian bridge and walkingy paths that connect the site with othere developments along the waterfront. The Yarda development is five blocks east of theNationalss Park, near the Navy Yard Metrorail Mayor Adrian Fenty said "a worlfd class city needs a world-class waterfront" and I think, is the biggest part to that." He was joinedd by Councilman Tommy Wells, D-Ward 6, and Kwamer Brown, D-at large. The Yards is the only public-privatre partnership in the country being built on federal which was made available by Congressin 2000. Forest City and its , plan 2,800 residentiao units, 1.
8 million square feet of offices and as muchas 400,000o square feet of Congressional Del. Eleanor Holmes D-D.C., said the projectt connects District residents with a waterfront thatpreviouslgy "has never been open to the people of the Construction aside from work on the publicly financed park has largelgy stalled as the developers seek financing. Forest City Washington Presiden t Deborah Ratner Salzberg said she is working on financiny for redevelopment ofthe Navy’s former pattern and joiner shop into a 170-uni residential project called the Foundru Lofts apartments, which overlook the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasinb space in a former Navy boiler manufacturing facility and other buildings.
The park could be completed by the summerfof 2010. It will be manageed by the Capitol Riverfront BusinessImprovement
Tuesday, December 25, 2012
Monday, December 24, 2012
PBA backs expanded River District renewal area - South Florida Business Journal:
kleopatraxnibe.blogspot.com
Sandra McDonough, the alliance’s presidentt and CEO, told the Portland City Council on June 17 that the city needsz to do everything it can to providdmore jobs. The council is reconsidering expanding the River District by nearlty42 acres, as well as increas e the amount of bonds the city can assumee to fund projects within the district. The counci and the Portland Development Commission had first soughft the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewalk group had charged that the River District expansion which would have alsoredirected $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewalo definitions. The council will vote on the measurednext week. McDonough said urbaj renewal provides funding for investmentsin housing, social services and public-privates partnerships. “We need to create she said. “We have an opportunit to do just that by adopting these revised which address the issues that have been raisexd about the RiverDistrict expansion.
We can then move forward with the importanr projects that depend on these City Commissioner Nick Fish has said that the constructiojn of a new homeless services center could depend on urbabn renewal funds if construction is to beginbthis year. McDonough said the alliance backs using urban renewa funds to buildthe
Sandra McDonough, the alliance’s presidentt and CEO, told the Portland City Council on June 17 that the city needsz to do everything it can to providdmore jobs. The council is reconsidering expanding the River District by nearlty42 acres, as well as increas e the amount of bonds the city can assumee to fund projects within the district. The counci and the Portland Development Commission had first soughft the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewalk group had charged that the River District expansion which would have alsoredirected $20 million in district-generated funds to a new East Portlanrd elementary school, didn’t fit technical urban renewalo definitions. The council will vote on the measurednext week. McDonough said urbaj renewal provides funding for investmentsin housing, social services and public-privates partnerships. “We need to create she said. “We have an opportunit to do just that by adopting these revised which address the issues that have been raisexd about the RiverDistrict expansion.
We can then move forward with the importanr projects that depend on these City Commissioner Nick Fish has said that the constructiojn of a new homeless services center could depend on urbabn renewal funds if construction is to beginbthis year. McDonough said the alliance backs using urban renewa funds to buildthe
Sunday, December 23, 2012
Ben Franklin Technology Partners OKs Click Equations, other investments - Philadelphia Business Journal:
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million to eight early-stage companies. Click Equations of Conshohockenwas OK’f for $250,000. The company’s pay-per-click software enables advertiserds and agencies to manages large paidsearch campaigns. • ColdLight Solutions LLC of Wayne was approved for ColdLight makes software applications capable of scouringh vast volumesof data, makingv strategic recommendations and actually learning from succesw and failure. • CoreDia of Plymouth Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growtjh and medium businesses.
• Hybrid Integratiohn of Yardley will be allotted Hybrid develops workflow automation software for the packaging andpublishing industries. The Neat Co. of Philadelphia will get The Neat Co. develops and retail hardware and software solutionesto scan, analyze and organize receipts, business cards and more — then stores everything on a computerr for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketsdlow power, portable thermal imaging systems for front-line militarg and firefighting personnel. • Smart Structures Inc. of Southampton will get $230,000.
Smarr developed a system that tests and monitors the healtjh ofthe nation’s physical infrastructure, based on a miniaturwe wireless sensor designed to be cast directlg into wet concrete durinvg construction. • TicketLeap Inc. of Philadelphia was approved for $250,000. TicketLeap is a full-serviced ticketing software and event-management solution. Ben Franklin Technologhy Partners of Southeastern Pennsylvania is part ofthe Pa.-based Ben Franklin Technolog Partners economic development group.
million to eight early-stage companies. Click Equations of Conshohockenwas OK’f for $250,000. The company’s pay-per-click software enables advertiserds and agencies to manages large paidsearch campaigns. • ColdLight Solutions LLC of Wayne was approved for ColdLight makes software applications capable of scouringh vast volumesof data, makingv strategic recommendations and actually learning from succesw and failure. • CoreDia of Plymouth Meeting was approved for CoreDial provideshosted PBX, VoIP, and data services for emerging growtjh and medium businesses.
• Hybrid Integratiohn of Yardley will be allotted Hybrid develops workflow automation software for the packaging andpublishing industries. The Neat Co. of Philadelphia will get The Neat Co. develops and retail hardware and software solutionesto scan, analyze and organize receipts, business cards and more — then stores everything on a computerr for easy reference. • Sage Technologies Ltd. will get Sage manufactures and marketsdlow power, portable thermal imaging systems for front-line militarg and firefighting personnel. • Smart Structures Inc. of Southampton will get $230,000.
Smarr developed a system that tests and monitors the healtjh ofthe nation’s physical infrastructure, based on a miniaturwe wireless sensor designed to be cast directlg into wet concrete durinvg construction. • TicketLeap Inc. of Philadelphia was approved for $250,000. TicketLeap is a full-serviced ticketing software and event-management solution. Ben Franklin Technologhy Partners of Southeastern Pennsylvania is part ofthe Pa.-based Ben Franklin Technolog Partners economic development group.
Saturday, December 22, 2012
Boulevard Co. sets sights on pair of apartment projects - Charlotte Business Journal:
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"We're reinventing ourselves as an apartment says Branch, president of The prolific Charlotte company, whichn played a key role in the local condominiuj boom, has designs on developing rentak buildings uptown and along Seventh Street in Elizabeth. Also in the worka are small commercial infill offices ona triangular-shaped parcel at 1301 Kenilwort Ave. near Carolinas Medical Center and next to the Fowler Buildinvg at1447 S. Tryon St. in Soutuh End. Branch says he started looking to changwhis firm's strategy as Charlotte'as condo market began to fade.
A $40 eight-story apartment project slated for Northy Cedar Street would be the firsy toestablish Boulevard's new On Monday night, approved a zoning changw for the 1.8-acre site near Gatewau Village to allow both residential and commercialo uses. Boulevard can now develo p up to 250 apartmentsand 5,000 squar feet of commercial space next to Cedarr Oaks Condominium. Branch touts the location for its unobstructed views and its proximityto uptown.
It'a one of two sitesw his company is targetinb for apartment buildings across fromthe 72-acre Boulevard is also considering redevelopment of the Orchardf Park apartments, a five-building complex at the corner of North Clarksonj and Cates streets. The property is contiguousz to the proposed Nortn CedarStreet apartments, but Branch says the projects aren'f connected. To pursue it plans for the Orchard Park Boulevard needs thesite rezoned. But the company has deferredc that request until it resolves questions about anenvironmentalp concern. A stream runs through the property, and that has complicates the firm's plans because of new local restrictions regardingstormwater runoff.
The city' s Post-Construction Controls Ordinance take s effectJuly 1, requiring enhanced buffer zoneas and heightened regulations for the collection and treatment of rain water. The augmentefd construction code was required by June 2009 underfederal law, which calls for communities to upgradd their rules to reduce flooding and watefr pollution in urban areas. The new rules requir new ways of dealingg with the way water moves off a propertt and into creeksand streams. And Branc h and others say that meanswnew costs.
"You will see more and more developerx discovering the unintended consequences ofthe Post-Constructiojn Controls Ordinance," warns land-use consultant Walter Fields, who has worke d with Boulevard on its plans. "But no one will speak ill of tryinyg to protect surface To gain rezoning approval for his assembly of threes parcels along the 200 block of NorthbCedar Street, Branch had to commit to building an underground sand filter to clean any rain water that runs into his It will be the firsf of its kind that Branch has builft for one of his developments, and the expens is unclear, he says. "It'x not completely quantified because there isno precedent.
" Branch says he will closde on the land for the city-approved apartmenta within 30 days.
"We're reinventing ourselves as an apartment says Branch, president of The prolific Charlotte company, whichn played a key role in the local condominiuj boom, has designs on developing rentak buildings uptown and along Seventh Street in Elizabeth. Also in the worka are small commercial infill offices ona triangular-shaped parcel at 1301 Kenilwort Ave. near Carolinas Medical Center and next to the Fowler Buildinvg at1447 S. Tryon St. in Soutuh End. Branch says he started looking to changwhis firm's strategy as Charlotte'as condo market began to fade.
A $40 eight-story apartment project slated for Northy Cedar Street would be the firsy toestablish Boulevard's new On Monday night, approved a zoning changw for the 1.8-acre site near Gatewau Village to allow both residential and commercialo uses. Boulevard can now develo p up to 250 apartmentsand 5,000 squar feet of commercial space next to Cedarr Oaks Condominium. Branch touts the location for its unobstructed views and its proximityto uptown.
It'a one of two sitesw his company is targetinb for apartment buildings across fromthe 72-acre Boulevard is also considering redevelopment of the Orchardf Park apartments, a five-building complex at the corner of North Clarksonj and Cates streets. The property is contiguousz to the proposed Nortn CedarStreet apartments, but Branch says the projects aren'f connected. To pursue it plans for the Orchard Park Boulevard needs thesite rezoned. But the company has deferredc that request until it resolves questions about anenvironmentalp concern. A stream runs through the property, and that has complicates the firm's plans because of new local restrictions regardingstormwater runoff.
The city' s Post-Construction Controls Ordinance take s effectJuly 1, requiring enhanced buffer zoneas and heightened regulations for the collection and treatment of rain water. The augmentefd construction code was required by June 2009 underfederal law, which calls for communities to upgradd their rules to reduce flooding and watefr pollution in urban areas. The new rules requir new ways of dealingg with the way water moves off a propertt and into creeksand streams. And Branc h and others say that meanswnew costs.
"You will see more and more developerx discovering the unintended consequences ofthe Post-Constructiojn Controls Ordinance," warns land-use consultant Walter Fields, who has worke d with Boulevard on its plans. "But no one will speak ill of tryinyg to protect surface To gain rezoning approval for his assembly of threes parcels along the 200 block of NorthbCedar Street, Branch had to commit to building an underground sand filter to clean any rain water that runs into his It will be the firsf of its kind that Branch has builft for one of his developments, and the expens is unclear, he says. "It'x not completely quantified because there isno precedent.
" Branch says he will closde on the land for the city-approved apartmenta within 30 days.
Wednesday, December 19, 2012
Zagat survey says Starbucks has best fast-food coffee - Puget Sound Business Journal (Seattle):
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That’s the result of a survey of morethan 6,000 respondent s who completed a Zaga t fast food survey, who rated food and service of more than 100 restauranf chains across the country. Seattle-based (NASDAQ: SBUX) also was votec the nation’s most popular quick refreshment chain inthe survey. Othefr winners of the New York-based Zagat fast food survegy categories included: Subway Restaurants — best mega-chaibn (more than 5,000 U.S. outlets); Panera Breafd — best large chain (less than 5,000 U.S. best full-service chain: P.F. Chang’s China Bistro. Starbucks finished down the list in someothed categories.
“In other including overall experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 respectively, (and) acknowledgesz that it has room for Starbucks officials said ina statement.
That’s the result of a survey of morethan 6,000 respondent s who completed a Zaga t fast food survey, who rated food and service of more than 100 restauranf chains across the country. Seattle-based (NASDAQ: SBUX) also was votec the nation’s most popular quick refreshment chain inthe survey. Othefr winners of the New York-based Zagat fast food survegy categories included: Subway Restaurants — best mega-chaibn (more than 5,000 U.S. outlets); Panera Breafd — best large chain (less than 5,000 U.S. best full-service chain: P.F. Chang’s China Bistro. Starbucks finished down the list in someothed categories.
“In other including overall experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 respectively, (and) acknowledgesz that it has room for Starbucks officials said ina statement.
Tuesday, December 18, 2012
Justin Bieber's Hamster Is In New But Good Hands - Cinema Blend
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Cinema Blend | Justin Bieber's Hamster Is In New But Good Hands Cinema Blend If anyone has been wondering about Justin Bieber's hamster, PAC, in the days following the 18-year-old's casual handover of his prime pet to a random fan after an Atlanta performance, there's some good news. The Biebs handed the hamster off to an ... Justin Bieber's Hamster -- Living Like a GOD With New Owner Justin Bieber's Hamster Is Apparently Alive And Well In Alabama Bieber Gifts Pet Hamster to Fan |
Sunday, December 16, 2012
Advanta agrees to refund customers up to $35M in FDIC agreements - Boston Business Journal:
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That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughu its pricing strategies on business crediyt cards, and in its marketing of cash-back rewards on the cards. Advanta said it did not admit wrongdoing and that it entered theagreementsx “in the interest of expediencu and to avoid litigation.” Advantz said it took a $14 million charge to cover refundws tied to the alleged marketing violations in third-quarteer 2008 and will take a second-quarte 2009 charge to cove refunds over its pricinh strategies, which it said could total $21 Advanta also agreed to a $150,000 In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividendss has been restricted.
The companyt must submit a plan to remain and submit a plan to terminateits deposit-takinyg operations and deposit insurance once its deposits are repaid in full, a process expected to take a few The second agreement with the FDIC places restrictionsd on Advanta’s use of its cash payment of dividends and transactions that would materially alterr its balance sheet composition and takin of brokered deposits.
Advant said the second order does not in any way restrict it from continuinbg to service itsmanaged credit-card accounts and In an effort to limiyt losses and erosion of its capitall as credit deteriorates, Advanta said in earlh May that its securitization trust will go into earlgy amortization — where the company uses receivablesd from customers to accelerate payment to investor While that protects investors from prolongedd exposure to a pool of receivables whose credit performance has deteriorated, Advantas would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down futurew use, effective May 30.
It has sincr referred some customers to AmericanExpreszs Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
That agreement addresses charges that theSpring Pa.-based company violated federal trade laws throughu its pricing strategies on business crediyt cards, and in its marketing of cash-back rewards on the cards. Advanta said it did not admit wrongdoing and that it entered theagreementsx “in the interest of expediencu and to avoid litigation.” Advantz said it took a $14 million charge to cover refundws tied to the alleged marketing violations in third-quarteer 2008 and will take a second-quarte 2009 charge to cove refunds over its pricinh strategies, which it said could total $21 Advanta also agreed to a $150,000 In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividendss has been restricted.
The companyt must submit a plan to remain and submit a plan to terminateits deposit-takinyg operations and deposit insurance once its deposits are repaid in full, a process expected to take a few The second agreement with the FDIC places restrictionsd on Advanta’s use of its cash payment of dividends and transactions that would materially alterr its balance sheet composition and takin of brokered deposits.
Advant said the second order does not in any way restrict it from continuinbg to service itsmanaged credit-card accounts and In an effort to limiyt losses and erosion of its capitall as credit deteriorates, Advanta said in earlh May that its securitization trust will go into earlgy amortization — where the company uses receivablesd from customers to accelerate payment to investor While that protects investors from prolongedd exposure to a pool of receivables whose credit performance has deteriorated, Advantas would have needed an alternative way to fund new purchasews on its customers’ credit cards. So it had to shut down futurew use, effective May 30.
It has sincr referred some customers to AmericanExpreszs Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
Saturday, December 15, 2012
In Focus: Award winning Savile Row Tailor Rory Duffy | Irish Genealogy and ... - IrishCentral
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IrishCentral | In Focus: Award winning Savile Row Tailor Rory Duffy | Irish Genealogy and ... IrishCentral “I strove to win the Golden Shears [the Oscars of the tailoring world] from the first moment I heard of the competition. On the 16th of March 2009 in front of my parents, my master and peers, I accept the most coveted award in the tailoring industry ... < p size="-1" class="p"> |
Friday, December 14, 2012
Miami physician sentenced in Medicare fraud case - Puget Sound Business Journal (Seattle):
efimtsovavadan.blogspot.com
Rodriguez was indicted in , alonhg with two other doctors in connectio witha $10 million Medicare fraurd scheme. He pleaded guilty in to conspiracyg to commit healthcare fraud. Rodriguez was a co-ownerf of and physician at MidwayMedical Center, a Miami clinic that purporteed to specialize in the treatmenr of HIV patients, according to a news releas e from the U.S. Department of He admitted that, whilew at Midway, he and his co-conspirators billef Medicare for services that were medically unnecessary and in many instances never He also admitted that he purchaser only a small amount of the drugs that he claimed to administer to patients and that he falsified medical according to thenews release.
Rodriguez also admittef that he was listed as medical director and practicinh physician for fiveother Miami-area HIV infusion clinicsz between October 2003 and February 2005, where he engagexd in similar activity. He admitted to filinyg more than $20 million in false claims. Severao of Rodriguez’s co-defendants have already been sentenced for their rolezs at Midway andrelated clinics.
Rodriguez was indicted in , alonhg with two other doctors in connectio witha $10 million Medicare fraurd scheme. He pleaded guilty in to conspiracyg to commit healthcare fraud. Rodriguez was a co-ownerf of and physician at MidwayMedical Center, a Miami clinic that purporteed to specialize in the treatmenr of HIV patients, according to a news releas e from the U.S. Department of He admitted that, whilew at Midway, he and his co-conspirators billef Medicare for services that were medically unnecessary and in many instances never He also admitted that he purchaser only a small amount of the drugs that he claimed to administer to patients and that he falsified medical according to thenews release.
Rodriguez also admittef that he was listed as medical director and practicinh physician for fiveother Miami-area HIV infusion clinicsz between October 2003 and February 2005, where he engagexd in similar activity. He admitted to filinyg more than $20 million in false claims. Severao of Rodriguez’s co-defendants have already been sentenced for their rolezs at Midway andrelated clinics.
Wednesday, December 12, 2012
Report: Foreclosures are top sellers - Tampa Bay Business Journal:
raisavydyexuwowi.blogspot.com
said banks that are willing to deal on foreclosed units are drivintg the first quarter For example, Shoma at Keys Cove in southh Miami-Dade County sold the most, with 50 unites closing in the first quarter. The Vue at Brickelpl sold 25 condos, ranking it seventh on top-10 list. “Many banks have take ownership of units in these buildingws and are looking toget out,” said Adam president of CondoReports.com. either through short sales or unitsd they own as a result of are the most active sellersin today’s marketr as they are willing to acceptt market prices.” The 10 most active buildings produced an averaged of 29 sales, or one sale every threes days.
The buildings accounted for more than 11 percent of all condo salesin Miami-Dade, according to a CondoReports.com news Most of the activity is tied to individuao unit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculative investorx and thinly capitalized owners are being replaced with either owner-occupantf or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement. “Most are individualo unit sales. The study looked at closed salesin 2,000 condo projects with at leasrt 50 units throughout Miami-Dade.
The study excluded units delivered in 2008 and 2009 becausw those sales were likely driven bypreconstructioh contracts, Cappel said.
said banks that are willing to deal on foreclosed units are drivintg the first quarter For example, Shoma at Keys Cove in southh Miami-Dade County sold the most, with 50 unites closing in the first quarter. The Vue at Brickelpl sold 25 condos, ranking it seventh on top-10 list. “Many banks have take ownership of units in these buildingws and are looking toget out,” said Adam president of CondoReports.com. either through short sales or unitsd they own as a result of are the most active sellersin today’s marketr as they are willing to acceptt market prices.” The 10 most active buildings produced an averaged of 29 sales, or one sale every threes days.
The buildings accounted for more than 11 percent of all condo salesin Miami-Dade, according to a CondoReports.com news Most of the activity is tied to individuao unit sales, and not bulk buys, Cappel “These buildings are moving toward stability as speculative investorx and thinly capitalized owners are being replaced with either owner-occupantf or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement. “Most are individualo unit sales. The study looked at closed salesin 2,000 condo projects with at leasrt 50 units throughout Miami-Dade.
The study excluded units delivered in 2008 and 2009 becausw those sales were likely driven bypreconstructioh contracts, Cappel said.
Monday, December 10, 2012
It
elisovadinaimar.blogspot.com
The health system, which is facing unprecedenter uncompensated-care costs and looming budget cuts, says moving the clinicz from the purview ofthe system’s physicians’ practicese to will generate about $2.3 million in new revenue annually, a 32 percent increase in fee revenue generated by its hospital-baserd clinics. “If there is a sourcw of revenue, we can keep people’s jobs and keep providinyg services to our patients and all sortwof things,” says hospital spokeswoman Karen McCall. A hospital-based clinic is one that is operated by the hospital and not by aphysician group.
It has nothinfg to do with the clinic’s McCall says clinics in which more advanced specialty procedures are performed are most likely to behospitakl based. Primary care clinics will remainphysiciaj based, largely because few procedures are conducted there. The healtnh system, which operates 160 clinics, both hospita l and physician based, has been converting specialthy clinics to hospital based forseveral years. The latestf round of clinics being reclassifiedcover gastrointestinal, geriatrics, nephrology, pulmonary and rheumatology The new clinics will boosf hospital-based clinic facility fee revenue to abourt $9.
5 million annually, almost 1 percent of the system’s total operatint budget. The Centers for Medicare and Medicaid Services allows hospitals to chargew higher facility feesfor hospital-based clinics than for physiciah clinics. The rationale for the disparity is that hospitals need larger fees to help cover the cost of providingemergency departments, burn units, obstetrics and other areaas that are expensive to maintain but are not self-supporting.
The ability to convertf a physician practice toa hospital-based practicwe is largely confined to academic health centers such as UNC Hospitals and , which have hundreds of physicianas on staff who not only providre clinical care, but also conducyt research and teach medical students and residents. Other such or even UNC Healthg Care-owned , largely do not employ thei r own doctors. The bulk of theitr physicians work in private practices and offerd their services to the hospitals in exchange for beinbg able to usethe hospital’sd facilities. The hospitals do charges patients a fee for the use ofthe hospital’s equipment and staff.
UNC’s actiojn will boost costs to patients visitinb theaffected clinics. Insured patients could pay morein co-payments and spokesman Lew Borman says it is not uncommon for hospitals to reclassifuy clinics to be able to charge additiona fees. The hospital simply informs the insurer of its and BCBSNC and other insurers have littld say inthe decision. UNC’s move comesa as the hospital faces cuts in stater appropriationsand $270 million in uncompensated-care costs. UNC Hospitals CEO Bill Ropere has said that state budgey cuts and rising uncompensated care couldc force the hospital to makemajoer cuts, including possibly letting some physicianes go.
The health system, which is facing unprecedenter uncompensated-care costs and looming budget cuts, says moving the clinicz from the purview ofthe system’s physicians’ practicese to will generate about $2.3 million in new revenue annually, a 32 percent increase in fee revenue generated by its hospital-baserd clinics. “If there is a sourcw of revenue, we can keep people’s jobs and keep providinyg services to our patients and all sortwof things,” says hospital spokeswoman Karen McCall. A hospital-based clinic is one that is operated by the hospital and not by aphysician group.
It has nothinfg to do with the clinic’s McCall says clinics in which more advanced specialty procedures are performed are most likely to behospitakl based. Primary care clinics will remainphysiciaj based, largely because few procedures are conducted there. The healtnh system, which operates 160 clinics, both hospita l and physician based, has been converting specialthy clinics to hospital based forseveral years. The latestf round of clinics being reclassifiedcover gastrointestinal, geriatrics, nephrology, pulmonary and rheumatology The new clinics will boosf hospital-based clinic facility fee revenue to abourt $9.
5 million annually, almost 1 percent of the system’s total operatint budget. The Centers for Medicare and Medicaid Services allows hospitals to chargew higher facility feesfor hospital-based clinics than for physiciah clinics. The rationale for the disparity is that hospitals need larger fees to help cover the cost of providingemergency departments, burn units, obstetrics and other areaas that are expensive to maintain but are not self-supporting.
The ability to convertf a physician practice toa hospital-based practicwe is largely confined to academic health centers such as UNC Hospitals and , which have hundreds of physicianas on staff who not only providre clinical care, but also conducyt research and teach medical students and residents. Other such or even UNC Healthg Care-owned , largely do not employ thei r own doctors. The bulk of theitr physicians work in private practices and offerd their services to the hospitals in exchange for beinbg able to usethe hospital’sd facilities. The hospitals do charges patients a fee for the use ofthe hospital’s equipment and staff.
UNC’s actiojn will boost costs to patients visitinb theaffected clinics. Insured patients could pay morein co-payments and spokesman Lew Borman says it is not uncommon for hospitals to reclassifuy clinics to be able to charge additiona fees. The hospital simply informs the insurer of its and BCBSNC and other insurers have littld say inthe decision. UNC’s move comesa as the hospital faces cuts in stater appropriationsand $270 million in uncompensated-care costs. UNC Hospitals CEO Bill Ropere has said that state budgey cuts and rising uncompensated care couldc force the hospital to makemajoer cuts, including possibly letting some physicianes go.
Saturday, December 8, 2012
Governor signs bill in Wichita - Wichita Business Journal:
ogarawo.wordpress.com
As reported last week in the Wichita Business House Bill 2374 outlines how Kansas will spendxthe $69 million it expects to receivd in stimulus money for the state’s unemployment benefits It also ensures the state meets all federal guidelines regardingh the funding, a portion of which has been dedicatedf to work force training. Tuesday morning, Parkinsonj signed the bill at , wherer president and CEO Jeff Turner hopes it will help facilitatsea “wage-learner” program that would help workers on reducedd schedules get training on days they were off Parkinson thanked both the large group of local legislators assembleed for the signing and Turner for theier help in bringing the idea of wager learners closef to reality.
“These are times when the stakes are so high and the challengexs are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understate the importance,” Turner and Spirirt played in creating the public-privated partnership that spearheaded the bill. At Spirit, Turner hopesz the bill would lay the groundwork for aidinv employees if the company was forced to return to a reduced work schedule as it didlast fall. At that in response to the strike bythe , Spiriy moved employees to a three-dayh work week.
It allowed them to keep theire normal benefits while also making them eligible for unemploymengt for the two days they were off theproductioj line. Through the wage-learner initiative, Turner says thosee same employees could also receive which he feels would help Spiriyt retain employees in down times and help strengthej its position when the marketw swingsback up. Turner says such reductions “are not for Spirit employees and that the bill is beneficialo to all businesses that pay intothe state’s unemploymengt benefit fund because it brings in money the state wouldn’t have otherwise.
Under its the bill would make any displaced worker enrolled ina state-approved training progranm eligible for up to an additionaol 26 weeks of unemployment benefits. Parkinson, who left Spirig to tour the construction site, says the bill is an example of how Kansas can benefit from the stimulusa package. “I don’t think this coulxd have happened without theRecovery Act,” he
As reported last week in the Wichita Business House Bill 2374 outlines how Kansas will spendxthe $69 million it expects to receivd in stimulus money for the state’s unemployment benefits It also ensures the state meets all federal guidelines regardingh the funding, a portion of which has been dedicatedf to work force training. Tuesday morning, Parkinsonj signed the bill at , wherer president and CEO Jeff Turner hopes it will help facilitatsea “wage-learner” program that would help workers on reducedd schedules get training on days they were off Parkinson thanked both the large group of local legislators assembleed for the signing and Turner for theier help in bringing the idea of wager learners closef to reality.
“These are times when the stakes are so high and the challengexs are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understate the importance,” Turner and Spirirt played in creating the public-privated partnership that spearheaded the bill. At Spirit, Turner hopesz the bill would lay the groundwork for aidinv employees if the company was forced to return to a reduced work schedule as it didlast fall. At that in response to the strike bythe , Spiriy moved employees to a three-dayh work week.
It allowed them to keep theire normal benefits while also making them eligible for unemploymengt for the two days they were off theproductioj line. Through the wage-learner initiative, Turner says thosee same employees could also receive which he feels would help Spiriyt retain employees in down times and help strengthej its position when the marketw swingsback up. Turner says such reductions “are not for Spirit employees and that the bill is beneficialo to all businesses that pay intothe state’s unemploymengt benefit fund because it brings in money the state wouldn’t have otherwise.
Under its the bill would make any displaced worker enrolled ina state-approved training progranm eligible for up to an additionaol 26 weeks of unemployment benefits. Parkinson, who left Spirig to tour the construction site, says the bill is an example of how Kansas can benefit from the stimulusa package. “I don’t think this coulxd have happened without theRecovery Act,” he
Friday, December 7, 2012
Business First of Columbus: Columbus Commercial Real Estate Listings - View Commercial Real Estate
pemp66seb.blogspot.com
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Monday, December 3, 2012
Developers weathering market
dyakonostrlin.blogspot.com
Several major projects that either came on the market recently or are under construction are helping push vacanc rates higher and leaseerates lower. That’s good for tenants, bad for owneras and developers. But it’s not just an oversupplyy of space coupled with a shortage of tenantdemancd that’s hurting property owners. High constructio costs, including for interior tenant finishes, and worried lenders are also weighingg onthe situation, said Michele Laumer at .
From a developer’z perspective, “You’ve got the perfect storm,” Laumer In Cincinnati, they are already having a tough time leasing newlgy completed office buildings such as Redstonein Kenwood, Columbiq Square in Columbia Tusculum and Keystone Park in With the economy sinking, no additional projects are expecteds to get under way withoutt substantial preleasing. That means “everh bit of 50 if not more,” said Scott a broker at who is tryinvg to line up tenants for aproposed 300,000-square-foot office tower for the Banks. “Cincinnati has weathered the storkmfairly well.
We’re not at a point where we’re significantl y overbuilt,” Yards said. If a largde corporation or law firmwanted 100,000 square feet, it’w tough to put together that much desirabld space. “There’s not a lot of alternatives for big blocksof space,” he said. At least, not at the Lurking on the horizon, however, is ’s Queenm City Square skyscraper, which open downtown in 2011. The 840,000-square-foot office tower has abouf 300,000 square feet still And the 530,000 square feet that’s preleased by will creatd an exodus out ofthat company’e current quarters at 580 Walnut and 525 Vine.
Add in the proposec Banks office space, impending consolidations by the othef kindof banks, and a few other smalle r projects, and the market is clearly shiftinh in the direction of “overbuilt.” Dave Neyer, CEO of , said no one is doing speculative office developments in this environment, but projects can be done if a tenang commits up front for a sizeable chunki of space. “A user-driven project makew sense,” he said. The initial office buildinf at Neyer’s Linden Pointse office park in Norwood is about 90 percent he said, and a second buildinv could get under way if it had a 50,000-square-foort anchor tenant.
Neyer is also renovating the 150,000-square-foot formetr Hennegan Printing building at West Thirf and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expectedc to move in this summer. Laumer cited othere bright spots, too, such as ’ relocation to the formee Gruen Watch building onEast McMillan. It more than doublec its space. “There are deals being transacted, and theres are businesses thatare growing,” Laumer said.
Still, landlords are happily acceptingv offers now that they would have cringefd at only a few months ago including loweredlease rates, early termination rights and rent In the past they’d have asked, “Whyh would I do this Laumer said. But they’re quickly coming around to the realizationthat “it might be the best deal you’rer going to get for three years.” Severak major projects are changing the offic e space landscape in a tough time. Westernh & Southern Financial Group's Queenh City Square opens in 2011, and an office towerf is planned forthe Banks.
Several major projects that either came on the market recently or are under construction are helping push vacanc rates higher and leaseerates lower. That’s good for tenants, bad for owneras and developers. But it’s not just an oversupplyy of space coupled with a shortage of tenantdemancd that’s hurting property owners. High constructio costs, including for interior tenant finishes, and worried lenders are also weighingg onthe situation, said Michele Laumer at .
From a developer’z perspective, “You’ve got the perfect storm,” Laumer In Cincinnati, they are already having a tough time leasing newlgy completed office buildings such as Redstonein Kenwood, Columbiq Square in Columbia Tusculum and Keystone Park in With the economy sinking, no additional projects are expecteds to get under way withoutt substantial preleasing. That means “everh bit of 50 if not more,” said Scott a broker at who is tryinvg to line up tenants for aproposed 300,000-square-foot office tower for the Banks. “Cincinnati has weathered the storkmfairly well.
We’re not at a point where we’re significantl y overbuilt,” Yards said. If a largde corporation or law firmwanted 100,000 square feet, it’w tough to put together that much desirabld space. “There’s not a lot of alternatives for big blocksof space,” he said. At least, not at the Lurking on the horizon, however, is ’s Queenm City Square skyscraper, which open downtown in 2011. The 840,000-square-foot office tower has abouf 300,000 square feet still And the 530,000 square feet that’s preleased by will creatd an exodus out ofthat company’e current quarters at 580 Walnut and 525 Vine.
Add in the proposec Banks office space, impending consolidations by the othef kindof banks, and a few other smalle r projects, and the market is clearly shiftinh in the direction of “overbuilt.” Dave Neyer, CEO of , said no one is doing speculative office developments in this environment, but projects can be done if a tenang commits up front for a sizeable chunki of space. “A user-driven project makew sense,” he said. The initial office buildinf at Neyer’s Linden Pointse office park in Norwood is about 90 percent he said, and a second buildinv could get under way if it had a 50,000-square-foort anchor tenant.
Neyer is also renovating the 150,000-square-foot formetr Hennegan Printing building at West Thirf and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expectedc to move in this summer. Laumer cited othere bright spots, too, such as ’ relocation to the formee Gruen Watch building onEast McMillan. It more than doublec its space. “There are deals being transacted, and theres are businesses thatare growing,” Laumer said.
Still, landlords are happily acceptingv offers now that they would have cringefd at only a few months ago including loweredlease rates, early termination rights and rent In the past they’d have asked, “Whyh would I do this Laumer said. But they’re quickly coming around to the realizationthat “it might be the best deal you’rer going to get for three years.” Severak major projects are changing the offic e space landscape in a tough time. Westernh & Southern Financial Group's Queenh City Square opens in 2011, and an office towerf is planned forthe Banks.
Sunday, December 2, 2012
Spike in military shipping helps port - Jacksonville Business Journal:
ogarawo.wordpress.com
Nearly four times as much military cargk has come through Blountg Island in the first four monthss of 2009 as in the same perioc ayear ago. The handlinvg of about 53,500 tons has helped offset the port’s overalo 5 percent decrease in tonnage. And since the Defensde Department’s Military Surface Deployment and Distribution Command contracts everything from ship loadin and unloading torail transport, the privatee sector benefits. The port’s diverse types of cargo help it to weather slumpse in other typesof cargo, said Victoria Robas, the Jacksonvillse Port Authority’s director of the Blount Island terminal.
An increase in cruise traffic has also keptthe authority’s revenur higher than the same time last year. “Tl a large part, you could watch CNN and see what wouls increase atsea ports,” said Army Lt. Col. Ralpn Riddle, who commands the 832nd Transportatioh Battalion. “Our traffic is very much a surge We may have several months where we have no shipds and then several ships in a But this year has beenespecially busy, meaninbg more work for . Aside from givingv (NYSE: CSX) business by contracting equipment to be raileds in and out ofthe terminal, the battalio contracts thousands of truck loads Riddle said.
hasn’t provided shipping services to the militar since November because its ships have been in dry but it hopes to take advantagew of the increased demand within45 days, said Franj Peake, the company’s president. He said and are the two largestf commercial carriers for military cargo on theEast Coast. The 50-memberr battalion sets up the contracts needed to run 30 port terminalsx in Central and South America andthe Caribbean. This is in addition to its handlinv of a terminal in Cape Canaveral and its operationb in Puerto Rico that tracks hundreds of containers moving in and out ofthe island.
Nearly four times as much military cargk has come through Blountg Island in the first four monthss of 2009 as in the same perioc ayear ago. The handlinvg of about 53,500 tons has helped offset the port’s overalo 5 percent decrease in tonnage. And since the Defensde Department’s Military Surface Deployment and Distribution Command contracts everything from ship loadin and unloading torail transport, the privatee sector benefits. The port’s diverse types of cargo help it to weather slumpse in other typesof cargo, said Victoria Robas, the Jacksonvillse Port Authority’s director of the Blount Island terminal.
An increase in cruise traffic has also keptthe authority’s revenur higher than the same time last year. “Tl a large part, you could watch CNN and see what wouls increase atsea ports,” said Army Lt. Col. Ralpn Riddle, who commands the 832nd Transportatioh Battalion. “Our traffic is very much a surge We may have several months where we have no shipds and then several ships in a But this year has beenespecially busy, meaninbg more work for . Aside from givingv (NYSE: CSX) business by contracting equipment to be raileds in and out ofthe terminal, the battalio contracts thousands of truck loads Riddle said.
hasn’t provided shipping services to the militar since November because its ships have been in dry but it hopes to take advantagew of the increased demand within45 days, said Franj Peake, the company’s president. He said and are the two largestf commercial carriers for military cargo on theEast Coast. The 50-memberr battalion sets up the contracts needed to run 30 port terminalsx in Central and South America andthe Caribbean. This is in addition to its handlinv of a terminal in Cape Canaveral and its operationb in Puerto Rico that tracks hundreds of containers moving in and out ofthe island.
Friday, November 30, 2012
Education funding still falls short despite federal stimulus infusion - Silicon Valley / San Jose Business Journal:
judonebolayb1394.blogspot.com
That was the sentimentf of an eight-member panel of training and government experts gathered by the South Florida Businessa Journal to examine howthe $787 billion federak stimulus package is impacting the region’s educatiohn and workforce training sectors. The panel markec the third in theBusiness Journal’ws ongoing stimulus series, aimed at tracking and analyzing the flow of money from the American Recovery and Reinvestmen t Act into South Florida.
Florida’s Legislature was the only one nationallyg to request a federal waiver that allowedr it to take money from education and replacs it with stimulus dollars while other states used stimulus dollars to augment the The situation concerned paneliststate Sen. Eleanor Sobel. “We are not startinvg at the starting line. The school districgt in Broward County and those throughout the statw are starting behind thestarting line,” Sobel “They have had problems for years and they are all Veteran educator Robert Parks, a membedr of the Broward County School said, “Many of the large urbanj districts in the nation are afraid of one which is basically a bait and switc with those dollars.
” What’s even more worrisome to some expertss is that the stimulues money will eventually run out. “I’m really concernexd about in three years; what’s going to happen?” said Vicente, president of ’s North Campus. “This is a Band-Aid.” He said the college’s operatinvg budget was cut $22 million while the stimulus moneyu wasonly $13 million. Parks said Broward County’sa school system has cut $1.4 billion from its constructiomn budget in addition to furloughinbg 700 teachers and51 administrators. “We’vd closed all of our school officesw forthe summer. We don’t have summer schoolo anymore,” Parks said.
would have been looking at cutting its budgert byabout $30 million without $12 millionn in stimulus funds, said Dorothy K. Russell, the university’sz associate VP for financial affairs and budget The university cut 30 positionsand “had we not had the stimuluas dollars it could have been much more George Hanbury, executive VP and COO of , said the $1.3 billionj in stimulus funds given to the state relieved pressures on the Legislature to furthe reduce support for Florida Resident Accessw Grants (FRAG), a key sourcee of money for students, but he pointed out that the grantds used to be $3,000 a year for studentsa and are now $2,529.
The amount is importangt to students, who find enrollment caps at state universities and turn to NSU and othertprivate institutions. He also said that universities are workinv together to apply for federal stimulus NSU has a collaborative proposal with and FAU fora $50 millionn research building with wet labs, businesd incubator space and offices for the U.S. Geological which is helping overseeEverglades restoration. “Wwe have shovel-ready projects we have submitted to the Governo r and in the next 60 days we couldput 1,000o people to work,” Hanbury The competition for thesre types of projects, though, is fierce.
FAU is gettin about $12 million in direct infusion from the federa lstimulus package, but the university also is seekingh money from the for labs and instruments, Russellk said. April was the month to submit applications and the results are expectedby September. The strongest flow of money, so far, appears to be for programs that help the jobless asthe state’s unemploymeng rate has hit 10.2 percent.
That was the sentimentf of an eight-member panel of training and government experts gathered by the South Florida Businessa Journal to examine howthe $787 billion federak stimulus package is impacting the region’s educatiohn and workforce training sectors. The panel markec the third in theBusiness Journal’ws ongoing stimulus series, aimed at tracking and analyzing the flow of money from the American Recovery and Reinvestmen t Act into South Florida.
Florida’s Legislature was the only one nationallyg to request a federal waiver that allowedr it to take money from education and replacs it with stimulus dollars while other states used stimulus dollars to augment the The situation concerned paneliststate Sen. Eleanor Sobel. “We are not startinvg at the starting line. The school districgt in Broward County and those throughout the statw are starting behind thestarting line,” Sobel “They have had problems for years and they are all Veteran educator Robert Parks, a membedr of the Broward County School said, “Many of the large urbanj districts in the nation are afraid of one which is basically a bait and switc with those dollars.
” What’s even more worrisome to some expertss is that the stimulues money will eventually run out. “I’m really concernexd about in three years; what’s going to happen?” said Vicente, president of ’s North Campus. “This is a Band-Aid.” He said the college’s operatinvg budget was cut $22 million while the stimulus moneyu wasonly $13 million. Parks said Broward County’sa school system has cut $1.4 billion from its constructiomn budget in addition to furloughinbg 700 teachers and51 administrators. “We’vd closed all of our school officesw forthe summer. We don’t have summer schoolo anymore,” Parks said.
would have been looking at cutting its budgert byabout $30 million without $12 millionn in stimulus funds, said Dorothy K. Russell, the university’sz associate VP for financial affairs and budget The university cut 30 positionsand “had we not had the stimuluas dollars it could have been much more George Hanbury, executive VP and COO of , said the $1.3 billionj in stimulus funds given to the state relieved pressures on the Legislature to furthe reduce support for Florida Resident Accessw Grants (FRAG), a key sourcee of money for students, but he pointed out that the grantds used to be $3,000 a year for studentsa and are now $2,529.
The amount is importangt to students, who find enrollment caps at state universities and turn to NSU and othertprivate institutions. He also said that universities are workinv together to apply for federal stimulus NSU has a collaborative proposal with and FAU fora $50 millionn research building with wet labs, businesd incubator space and offices for the U.S. Geological which is helping overseeEverglades restoration. “Wwe have shovel-ready projects we have submitted to the Governo r and in the next 60 days we couldput 1,000o people to work,” Hanbury The competition for thesre types of projects, though, is fierce.
FAU is gettin about $12 million in direct infusion from the federa lstimulus package, but the university also is seekingh money from the for labs and instruments, Russellk said. April was the month to submit applications and the results are expectedby September. The strongest flow of money, so far, appears to be for programs that help the jobless asthe state’s unemploymeng rate has hit 10.2 percent.
Thursday, November 29, 2012
Survey: Venture capitalists shift strategy, go global - Jacksonville Business Journal:
tatyanagepoji.blogspot.com
More than half of the venture capitalists surveyed in the 2009 Globa l Venture Capital Survey conducted by and the said they woule invest in fewer companies in thenear future, while 13 percent of the more than 700 worldwide respondents said they would increase the numberd of companies in whicjh they plan to invest. Despite sluggish investment, the annuakl survey captured substantial optimism amongh theinherently risk-taking investors.
“While the recession has slowed the pace of venturre investing in theshort term, it may very well have expeditesd the global evolution of the industry in the long said Mark Jensen, Deloitte LLP’s national managing partner of venturd capital services. “In recent many entrepreneurs who have been educated in the United Statesw have returned home to startr companies in theirhome countries. The playing field continue s to level out in terme of new innovationhot spots, broader access to capital and growinf regional ecosystems that foster risk taking and capitapl formation.
” And venture capitalistse agree that investments are more likely to increase in countries outsidw of the U.S. than domestically in the next three years. Half of the venture capitalistz surveyed said investment will increase inAsia (excluding India); 43 percenyt named India; 36 percent selected Southy America; 25 percent said Europe and the United and just 17 percent said investment would increase in North Fifty-two percent of all venture capitalists surveyed said they already invest outsid e their home countries.
“As the surveuy results suggest, we will see more globalization in the next not only in terms of investments but also in fundraisin g and exitsas well,” said Mark Heesen, president of the “Those countries that can nurture entrepreneurs and investorsx as well as offer attractive exit opportunities have the most to gain economicallyy in the next he added. Survey respondents said China stoord to benefit most from shift s in investment caused by theeconomicf downturn.
When it comes to fundraising, the majoritty of VCs predicted that more of their limited partners woul come from outside theirhome country, and 38 percent said they expectef the number of foreign limited partners to remaijn unchanged. Other findings from the survey included another vote of confidencer for investment in the clean tech sector. The survey suggestas most venturecapitalists aren’t adjusting their strategies when it comes to whicuh industry they are funding, and clean tech is one of thosw industries that’s been getting a lot of attention.
More than 60 percentf of the venture capitalists surveyed said they expecrt to increase their investments in clean tech in the nextthrese years. Other industry sectors that investors expect to give increasing investment to includer the medical device and equipment industry and new mediq andsocial networking.
More than half of the venture capitalists surveyed in the 2009 Globa l Venture Capital Survey conducted by and the said they woule invest in fewer companies in thenear future, while 13 percent of the more than 700 worldwide respondents said they would increase the numberd of companies in whicjh they plan to invest. Despite sluggish investment, the annuakl survey captured substantial optimism amongh theinherently risk-taking investors.
“While the recession has slowed the pace of venturre investing in theshort term, it may very well have expeditesd the global evolution of the industry in the long said Mark Jensen, Deloitte LLP’s national managing partner of venturd capital services. “In recent many entrepreneurs who have been educated in the United Statesw have returned home to startr companies in theirhome countries. The playing field continue s to level out in terme of new innovationhot spots, broader access to capital and growinf regional ecosystems that foster risk taking and capitapl formation.
” And venture capitalistse agree that investments are more likely to increase in countries outsidw of the U.S. than domestically in the next three years. Half of the venture capitalistz surveyed said investment will increase inAsia (excluding India); 43 percenyt named India; 36 percent selected Southy America; 25 percent said Europe and the United and just 17 percent said investment would increase in North Fifty-two percent of all venture capitalists surveyed said they already invest outsid e their home countries.
“As the surveuy results suggest, we will see more globalization in the next not only in terms of investments but also in fundraisin g and exitsas well,” said Mark Heesen, president of the “Those countries that can nurture entrepreneurs and investorsx as well as offer attractive exit opportunities have the most to gain economicallyy in the next he added. Survey respondents said China stoord to benefit most from shift s in investment caused by theeconomicf downturn.
When it comes to fundraising, the majoritty of VCs predicted that more of their limited partners woul come from outside theirhome country, and 38 percent said they expectef the number of foreign limited partners to remaijn unchanged. Other findings from the survey included another vote of confidencer for investment in the clean tech sector. The survey suggestas most venturecapitalists aren’t adjusting their strategies when it comes to whicuh industry they are funding, and clean tech is one of thosw industries that’s been getting a lot of attention.
More than 60 percentf of the venture capitalists surveyed said they expecrt to increase their investments in clean tech in the nextthrese years. Other industry sectors that investors expect to give increasing investment to includer the medical device and equipment industry and new mediq andsocial networking.
Tuesday, November 27, 2012
Military Spouses Don't Stay 'Mum' on Anything... - Huffington Post
ogarawo.wordpress.com
Military Spouses Don't Stay 'Mum' on Anything... Huffington Post I just read Michelle Boorstein's Op-Ed in the Washington Post that claimed "Military Spouses Stay Mum on the Subject of Infidelity." That's news to me -- my friends and I can't seem to shut up about it. I'll blather my mil spouse opinions to anyone ... |
Monday, November 26, 2012
UPA has the numbers, but keen to avoid vote on FDI - Times of India
sucujovide.wordpress.com
Times of India | UPA has the numbers, but keen to avoid vote on FDI Times of India NEW DELHI: The UPA can easily clear the voting test on its decision to » |
Sunday, November 25, 2012
Singer Bjork's vocal cord surgery successful - Boston.com
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Zap2it.com (blog) | Singer Bjork's vocal cord surgery successful Boston.com LONDON (AP) â€" Icelandic singer Bjork says she has had successful surgery to remove a vocal cord polyp. The eccentric 47-year-old singer says on her official website that she had been trying to tackle the problem with exercises and diets since doctors ... Bjork Un dergoes Successful Vocal Cord Surgery Bjork: Surgery successful after canceled tour dates Bjork Undergoes Successful Surgery For Vocal Cords |
Friday, November 23, 2012
The noose tightens - The Economist (blog)
ogarawo.wordpress.com
Aljazeera.com | The noose tightens The Economist (blog) ON OCTOBER 26th an appeals court in New York sent shock waves through the sovereign debt markets, when it upheld a ruling that Argentina could not service the bonds it issued in its 2005 and 2010 debt restructurings unless it also paid the investors ... Argentina rebuff US court over debt rulin g Investors flee Argentine debt on default fears Argentina's options shrink after US debt ruling |
Thursday, November 22, 2012
Gov. Mary Fallin Talks to Greta Van Susteren About Health Care Decisions - NewsOK.com (blog)
ogarawo.wordpress.com
Gov. Mary Fallin Talks to Greta Van Susteren About Health Care Decisions NewsOK.com (blog) GRETA VAN SUSTEREN: Obamacare may be the law of the land but that is not stopping many Republican governors. They are still keeping up their fight. Oklahoma Governor Mary Fallin is one of those governors, and Oklahoma is just one of the states ... |
Wednesday, November 21, 2012
Ramsay stepping down as UMd-Baltimore chief - Washington Business Journal:
grigoriynirim.blogspot.com
During his tenure, Ramsay was instrumental in launching the ambitiousd UMB BioPark andthe university’s west-side expansion efforts. In a letter to colleagues, Ramsaty said he would step down once the selectahis successor. “Until that time I shalll continue to serve this campus to the best of my ability so that the comingg year will be at least as productive as what has gone Ramsay said in the Ramsay has grown UMB intoa top-notc research institution, said University System of Maryland Chancellore William E. “Brit” “It’s a different place than what he came Kirwan said.
“He came in with a real mission of buildiny the quality of the institution and he has done that in anexceptionakl fashion.” Kirwan said he will form a searcb committee to find Ramsay’s The process could take anywhere from a few months to a Ramsay, 70, is the past chair of the Association of Academic Health Centers and was recently appointedx its first foreign secretary. He also serves on the boarde ofthe , the Downtown Partnership of Baltimore Inc.
, the and the in
During his tenure, Ramsay was instrumental in launching the ambitiousd UMB BioPark andthe university’s west-side expansion efforts. In a letter to colleagues, Ramsaty said he would step down once the selectahis successor. “Until that time I shalll continue to serve this campus to the best of my ability so that the comingg year will be at least as productive as what has gone Ramsay said in the Ramsay has grown UMB intoa top-notc research institution, said University System of Maryland Chancellore William E. “Brit” “It’s a different place than what he came Kirwan said.
“He came in with a real mission of buildiny the quality of the institution and he has done that in anexceptionakl fashion.” Kirwan said he will form a searcb committee to find Ramsay’s The process could take anywhere from a few months to a Ramsay, 70, is the past chair of the Association of Academic Health Centers and was recently appointedx its first foreign secretary. He also serves on the boarde ofthe , the Downtown Partnership of Baltimore Inc.
, the and the in
Monday, November 19, 2012
Monolith's Wood Skins For The iPhone 5 Are Simply Sublime [Review] - Cult of Mac
tenamup.wordpress.com
Monolith's Wood Skins For The iPhone 5 Are Simply Sublime [Review] Cult of Mac Monolith's Wood Skins For The iPhone 5 Are Simply Sublime [Review]. Monolith's new wood skins for the iPhone 5 are every bit as good as the replacement backs they made for the iPhone 4… and that's saying something. Read our full Reviews archive ... |
Sunday, November 18, 2012
Eddie Bauer declares bankruptcy - Atlanta Business Chronicle:
azajir.wordpress.com
had struggled with its debt — a crisise that worsened as revenue dropped, part of an overall tren affecting most retailers duringthe recession. The companyy has lost nearly a half billio n dollars in the pastthree years. Those losses, couplecd with the impact of the recession and debt paymentsz apparently pushed the company into bankruptcy court — a move that was rumored for months. Eddi Bauer became the latest major retaile r to succumb to filing in bankruptch courtthis recession. The list also includez Linens ‘n Things, Circuit City and Northwest retailer , whichj sold its assets to a liquidator in Aprill and closed31 stores.
In many Eddie Bauer’s crisis is not different from what most retailerxs are facing during this prolonged and deep saidGreg Charleston, an Atlanta-based consultangt for Conway MacKenzie who workse with financially stressed retailers looking to restructure. Most retailerds — except discount stores like Wal-Mart — have seen a fast drop-oft in retail revenue across the board, Charlestonb said. Many of the specialtyt retail department stores haveseen double-digit same-store sales declines, he said. “Whej revenue drops and same-store sales drop, companies with less debt can weathef a downturnmuch longer,” Charleston said.
“It becomes an issue much soonedr if you are into liquidity As ofMay 11, Eddie Bauer reported having $289.55 million in outstanding debt, including $187.8 million in term loans and $75 milliohn in convertible notes, which company executives have been tryint to persuade debt-holders to convert into shares of the According to a filing with the , Eddie Bauerr had total assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported net lossexs of $165.5 million in fiscal year part of a total of $478.7 million in losses during the past three fiscaol years. In the first quarter that endedin April, the compan y reported net losses of 44.5 million.
For the firsf quarter of fiscalyear 2009, whicb ended April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quartee of 2008, when the company reported a $19.3 million loss. Net sales for the first quarte r of 2009were $179.8 million, comparec with net sales of $213.2 millioj in the first quarter of 2008. The compangy said that combined comparable store sales a barometer of succesxs at the store level fell 11.3 percent for the first a decline the company blamer on the recession and reducexd retail spending.
Sales were down nearly 15 percentr inEddie Bauer’s retail stores and salew through its direct channel were down nearly 11 The outlet stores saw sales decline by nearluy 76 percent. “The first quarter was a difficult one, as the sharlp downturn in the economy took its toll on our We continued to focus on cost cuttinvg and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statement with the first-quarte r results filed with the SEC. Eddie Bauer has 370 including 251 retail stores and 119 outleg stores in the United Statesand Canada. Eddi e Bauer has 17 stores in Washington and 11 storesin Oregon. (See a copy of the bankruptcyy filing .
) But by filing for reorganization underr Chapter 11 of the federapbankruptcy code, Eddie Bauer hopes to avoidf the fate of Joe’s Sports & which filed for bankruptcy protecf March 4. The Wilsonville, Ore.-based company had hoped to find a ButIn April, a bankruptcy judgre approved the liquidation of the Joe’s storees after the company could not find a buyer. Joe’z had 31 Northwest stores 10 of themin Snohomish, King and Pierce counties that held going-out-of-business sales after the company’e assets were snapped up at bargain basement prices by , a liquidatofr that also sold off merchandis e for Circuit City.
had struggled with its debt — a crisise that worsened as revenue dropped, part of an overall tren affecting most retailers duringthe recession. The companyy has lost nearly a half billio n dollars in the pastthree years. Those losses, couplecd with the impact of the recession and debt paymentsz apparently pushed the company into bankruptcy court — a move that was rumored for months. Eddi Bauer became the latest major retaile r to succumb to filing in bankruptch courtthis recession. The list also includez Linens ‘n Things, Circuit City and Northwest retailer , whichj sold its assets to a liquidator in Aprill and closed31 stores.
In many Eddie Bauer’s crisis is not different from what most retailerxs are facing during this prolonged and deep saidGreg Charleston, an Atlanta-based consultangt for Conway MacKenzie who workse with financially stressed retailers looking to restructure. Most retailerds — except discount stores like Wal-Mart — have seen a fast drop-oft in retail revenue across the board, Charlestonb said. Many of the specialtyt retail department stores haveseen double-digit same-store sales declines, he said. “Whej revenue drops and same-store sales drop, companies with less debt can weathef a downturnmuch longer,” Charleston said.
“It becomes an issue much soonedr if you are into liquidity As ofMay 11, Eddie Bauer reported having $289.55 million in outstanding debt, including $187.8 million in term loans and $75 milliohn in convertible notes, which company executives have been tryint to persuade debt-holders to convert into shares of the According to a filing with the , Eddie Bauerr had total assets of $525.22 million in The company listed total liabilities of $448.9 Eddie Bauer reported net lossexs of $165.5 million in fiscal year part of a total of $478.7 million in losses during the past three fiscaol years. In the first quarter that endedin April, the compan y reported net losses of 44.5 million.
For the firsf quarter of fiscalyear 2009, whicb ended April 4, Eddie Bauer reported a loss of $44.5 That was a greater loss than the first quartee of 2008, when the company reported a $19.3 million loss. Net sales for the first quarte r of 2009were $179.8 million, comparec with net sales of $213.2 millioj in the first quarter of 2008. The compangy said that combined comparable store sales a barometer of succesxs at the store level fell 11.3 percent for the first a decline the company blamer on the recession and reducexd retail spending.
Sales were down nearly 15 percentr inEddie Bauer’s retail stores and salew through its direct channel were down nearly 11 The outlet stores saw sales decline by nearluy 76 percent. “The first quarter was a difficult one, as the sharlp downturn in the economy took its toll on our We continued to focus on cost cuttinvg and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statement with the first-quarte r results filed with the SEC. Eddie Bauer has 370 including 251 retail stores and 119 outleg stores in the United Statesand Canada. Eddi e Bauer has 17 stores in Washington and 11 storesin Oregon. (See a copy of the bankruptcyy filing .
) But by filing for reorganization underr Chapter 11 of the federapbankruptcy code, Eddie Bauer hopes to avoidf the fate of Joe’s Sports & which filed for bankruptcy protecf March 4. The Wilsonville, Ore.-based company had hoped to find a ButIn April, a bankruptcy judgre approved the liquidation of the Joe’s storees after the company could not find a buyer. Joe’z had 31 Northwest stores 10 of themin Snohomish, King and Pierce counties that held going-out-of-business sales after the company’e assets were snapped up at bargain basement prices by , a liquidatofr that also sold off merchandis e for Circuit City.
Friday, November 16, 2012
Lockton taps turnaround specialist to open Boston office - Business First of Columbus:
lehoquvuhu.wordpress.com
Michael Toner is an expert on insurance issues facingb companies in the process of turnarounds and Kansas City-based Lockton said in a release Toner is a directore of the . Dean Davison, a spokesmann with Kansas City-based Lockton, said in an interviewa that Toneradds “to the skill set that we have: officers and other strategic assistance for corporations.” “It’s a timely thing given some of the issues in the marketplaces right now,” Davison said. Lockton’s clients are facinvg a wide rangeof challenges, Davison said, “many of them different than we’ve seen in the last decade or so.
” “The credit crunch and the economic slowdowh are putting stress on some of our he said. An example of how Lockton’s teamz have been called on in different ways Davison said, involves companies that are looking at self-insurancwe programs and facing stress about collateral they need to post, often in the form of letter s of credit, which cost more in this economic “It’s not as simple as buyinvg an insurance policy ... but you have to deal with stressex with how much to tie up in your insurance line of creditr and minimize it so you have other crediyt lines to manageyour business, maintaib cash flow and grow your busines s in other areas,” Davison said.
Locktonb is the world’s largest privately held insuranced broker. The company ranks No. 1 on the Kansas City Business Journal ’s list of area independent insurancer agencies basedon property-casualty premiun volume in the metropolitanm area and No. 2 based on health and benefitspremium volume. Locktojn has about 3,825 employees, including abouy 850 in the KansasCity area, Davisonj said.
Michael Toner is an expert on insurance issues facingb companies in the process of turnarounds and Kansas City-based Lockton said in a release Toner is a directore of the . Dean Davison, a spokesmann with Kansas City-based Lockton, said in an interviewa that Toneradds “to the skill set that we have: officers and other strategic assistance for corporations.” “It’s a timely thing given some of the issues in the marketplaces right now,” Davison said. Lockton’s clients are facinvg a wide rangeof challenges, Davison said, “many of them different than we’ve seen in the last decade or so.
” “The credit crunch and the economic slowdowh are putting stress on some of our he said. An example of how Lockton’s teamz have been called on in different ways Davison said, involves companies that are looking at self-insurancwe programs and facing stress about collateral they need to post, often in the form of letter s of credit, which cost more in this economic “It’s not as simple as buyinvg an insurance policy ... but you have to deal with stressex with how much to tie up in your insurance line of creditr and minimize it so you have other crediyt lines to manageyour business, maintaib cash flow and grow your busines s in other areas,” Davison said.
Locktonb is the world’s largest privately held insuranced broker. The company ranks No. 1 on the Kansas City Business Journal ’s list of area independent insurancer agencies basedon property-casualty premiun volume in the metropolitanm area and No. 2 based on health and benefitspremium volume. Locktojn has about 3,825 employees, including abouy 850 in the KansasCity area, Davisonj said.
Thursday, November 15, 2012
Survey: Hiring slowly improving - Memphis Business Journal:
cahijisebi.wordpress.com
Those two sectors employ more than 90 percent ofthe nation’se private-sector workers. The Alexandria-based association’s report is basede on a monthly survey of human resource professionalas at more than 500 manufacturing and 500 services Employment expectations for June aredown 37.1 percengt in manufacturing and down 8.2 percent in the servicee segment. In the manufacturing sector, 24.5 percengt plan to hire in which is the highest percentage of such companie that said they will add jobs sinceNovember 2008. In 25.9 percent said they will trim In theservices sector, a net totalk of 24.8 percent of corporations will creatw jobs in June, with 41.
4 percent saying they will hire and 16.6 percenr saying they will cut jobs. That 41.4 percent representsw the highest such tally since September 2008 in that A combination of unemployed peoplwe seeking work and less jobs to go around meansx recruiting difficulty in both sectors in May was way down comparedx with ayear ago. In the manufacturingb sector, a net of 23.8 percent of companiex had less difficulty with recruiting last and in theservice sector, a net of 35.8 percenyt of companies said the same.
Those two sectors employ more than 90 percent ofthe nation’se private-sector workers. The Alexandria-based association’s report is basede on a monthly survey of human resource professionalas at more than 500 manufacturing and 500 services Employment expectations for June aredown 37.1 percengt in manufacturing and down 8.2 percent in the servicee segment. In the manufacturing sector, 24.5 percengt plan to hire in which is the highest percentage of such companie that said they will add jobs sinceNovember 2008. In 25.9 percent said they will trim In theservices sector, a net totalk of 24.8 percent of corporations will creatw jobs in June, with 41.
4 percent saying they will hire and 16.6 percenr saying they will cut jobs. That 41.4 percent representsw the highest such tally since September 2008 in that A combination of unemployed peoplwe seeking work and less jobs to go around meansx recruiting difficulty in both sectors in May was way down comparedx with ayear ago. In the manufacturingb sector, a net of 23.8 percent of companiex had less difficulty with recruiting last and in theservice sector, a net of 35.8 percenyt of companies said the same.
Wednesday, November 14, 2012
Kroger takes on double duty - Minneapolis / St. Paul Business Journal:
xysecurakihir.blogspot.com
stores will open within weeks of each other late this The 125,000-square-foot Kroger Marketplace which will both featurde the same layout, will be located in Brazos Town Centedr in Rosenberg and at Watersid Marketplace in Richmond. The Richmond Krogef is slated to open in early while the Rosenberg store will openin “We view these as two separat e growth areas,” says Gary consumer affairs director of Kroger “We believe that these stores will servw two different markets and we’ll do well in both of thesr areas.” Huddleston says the Brazos Town Center store, located at U.S.
Highway 59 and FM 762 in will primarily servethe Richmond/Rosenberg while the Waterside Marketplace location, at Grandd Parkway and Mason Road in Richmond, will servd the Katy market. Both Kroger Marketplacer stores will feature a FredMeyeer Jewelers’ store as well as a largee home furnishing section with Ashley Furniture. The stored will also offer grocery anddeli products, a large floral gourmet and chef-prepared foods, a wine shop with a wine a drive-thru pharmacy and a Kitchenplace area with upscalwe kitchenware and place settings. Huddlestom says the format will be even largerthan Kroger’sa upscale Signature Store concept.
The placement of the super stores so closew together in outlying suburbsis unusual, especially since the Richmond/Rosenbergy area isn’t particularly known as a hotspot for retailers. In fact, the Starbucks location in Rosenberg at24406 U.S. Highway 59, was one of the firs to close early last year when the coffeer chain began shutteringunprofitable units. Barkley Peschel, vice presideng of development and operations for the Greater Fort Bend EconomicDevelopment Council, says even though Richmond and Rosenbergf are considered “sister cities,” the two Krogedr Marketplace locations will serve “vastly different” customers.
He believes the Rosenber g store will fill a void left in the locak grocery market whenKmartg Corp. pulled out of Texas and closed its storre at State Highway 36and U.S. 59 in 2003. “Peopl e in Rosenberg really don’t have a major grocer in a convenienr placeto shop, so I think they’ll do he says. Despite the closde proximity of the twogiant stores, Peschekl says, Kroger was very pickyg in its site selection process and only chosse areas that could support a store now and also show strongt potential for growth in the future. “I thinjk they’ve found that,” he says.
“There is a need for this type of shoppiny experience inthe LOCATION, LOCATION, LOCATION Steve vice president of investments for Jacksonville, Fla.-based Regency Centers, which owns Waterside says the center is 65 percent leased, with Krogef Marketplace serving as the anchor. He points out that the 147,857-square-foo center is located in the sixth-fastestr growing residential ZIP code in the Withina three-mile radius, there is a population of 33,21w2 people with an annual average household income of The center is also located at an intersectioj that will be one of the two controlled access pointsd on Grand Parkway connecting drivers from U.S. Highwayt 90 to the Westpark Tollroad.
The othef Kroger Marketplace location inthe 546-acre Brazoxs Town Center in Rosenberg will be in a similar According to research by Houston-based NewQuesf Properties, which owns Brazos Town the median household income in the trade area is in excess of $50,00p0 annually. Peschel says that despite the struggling nationapl andregional economies, Fort Bend County is continuingt to grow, having added approximatelyh 30,000 new residents last year.
He says the county is expected to reachj more than 1 million residents in the next15
stores will open within weeks of each other late this The 125,000-square-foot Kroger Marketplace which will both featurde the same layout, will be located in Brazos Town Centedr in Rosenberg and at Watersid Marketplace in Richmond. The Richmond Krogef is slated to open in early while the Rosenberg store will openin “We view these as two separat e growth areas,” says Gary consumer affairs director of Kroger “We believe that these stores will servw two different markets and we’ll do well in both of thesr areas.” Huddleston says the Brazos Town Center store, located at U.S.
Highway 59 and FM 762 in will primarily servethe Richmond/Rosenberg while the Waterside Marketplace location, at Grandd Parkway and Mason Road in Richmond, will servd the Katy market. Both Kroger Marketplacer stores will feature a FredMeyeer Jewelers’ store as well as a largee home furnishing section with Ashley Furniture. The stored will also offer grocery anddeli products, a large floral gourmet and chef-prepared foods, a wine shop with a wine a drive-thru pharmacy and a Kitchenplace area with upscalwe kitchenware and place settings. Huddlestom says the format will be even largerthan Kroger’sa upscale Signature Store concept.
The placement of the super stores so closew together in outlying suburbsis unusual, especially since the Richmond/Rosenbergy area isn’t particularly known as a hotspot for retailers. In fact, the Starbucks location in Rosenberg at24406 U.S. Highway 59, was one of the firs to close early last year when the coffeer chain began shutteringunprofitable units. Barkley Peschel, vice presideng of development and operations for the Greater Fort Bend EconomicDevelopment Council, says even though Richmond and Rosenbergf are considered “sister cities,” the two Krogedr Marketplace locations will serve “vastly different” customers.
He believes the Rosenber g store will fill a void left in the locak grocery market whenKmartg Corp. pulled out of Texas and closed its storre at State Highway 36and U.S. 59 in 2003. “Peopl e in Rosenberg really don’t have a major grocer in a convenienr placeto shop, so I think they’ll do he says. Despite the closde proximity of the twogiant stores, Peschekl says, Kroger was very pickyg in its site selection process and only chosse areas that could support a store now and also show strongt potential for growth in the future. “I thinjk they’ve found that,” he says.
“There is a need for this type of shoppiny experience inthe LOCATION, LOCATION, LOCATION Steve vice president of investments for Jacksonville, Fla.-based Regency Centers, which owns Waterside says the center is 65 percent leased, with Krogef Marketplace serving as the anchor. He points out that the 147,857-square-foo center is located in the sixth-fastestr growing residential ZIP code in the Withina three-mile radius, there is a population of 33,21w2 people with an annual average household income of The center is also located at an intersectioj that will be one of the two controlled access pointsd on Grand Parkway connecting drivers from U.S. Highwayt 90 to the Westpark Tollroad.
The othef Kroger Marketplace location inthe 546-acre Brazoxs Town Center in Rosenberg will be in a similar According to research by Houston-based NewQuesf Properties, which owns Brazos Town the median household income in the trade area is in excess of $50,00p0 annually. Peschel says that despite the struggling nationapl andregional economies, Fort Bend County is continuingt to grow, having added approximatelyh 30,000 new residents last year.
He says the county is expected to reachj more than 1 million residents in the next15
Monday, November 12, 2012
Free Chick-fil-A meal on July 10 - Washington Business Journal:
zuloraxelewo.blogspot.com
The giveaway is part of the Atlanta-baseed chain’s fifth-annual Cow Appreciation Day, which honors its "Eaf Mor Chikin" Cows. In a related promotion, parents can entere photos of their cow-clad children as part of a "Show Us the online photo contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childrejn ages 10 and younger are encouraged to work with an adul to submit creative photos of themselvesw dressedas cows. The contest Web www.CowAppreciationDay.com, has details about uploading photos forthe contest. Once the pictures are the public can vote for their favorite photothrough Aug. 31.
The 20 photographs that get the most Interne votes will be named Fromthe semifinalists, Chick-fil-A will select five finalists and one grandf prize winner based on overall quality, originality, creativity and skill. The entrant's age will be taken into accountrfor judging, Chick-fil-A said. The grand prizwe winner will receivea U.S. Seriesz EE Savings Bond with a maturity valureof $1,000, a catered party for their free Chick-fil-A Kid's Meals for a year and a digitaol camera, among other gifts.
Also each Kid's Meal from June 22 to July 25 will includre miniatureCow figurines, while supplies One out of every 100 of the cows will have gold spotsd instead of the traditional black spots and will be packageed with a card redeemable for a free Ice cream.
The giveaway is part of the Atlanta-baseed chain’s fifth-annual Cow Appreciation Day, which honors its "Eaf Mor Chikin" Cows. In a related promotion, parents can entere photos of their cow-clad children as part of a "Show Us the online photo contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childrejn ages 10 and younger are encouraged to work with an adul to submit creative photos of themselvesw dressedas cows. The contest Web www.CowAppreciationDay.com, has details about uploading photos forthe contest. Once the pictures are the public can vote for their favorite photothrough Aug. 31.
The 20 photographs that get the most Interne votes will be named Fromthe semifinalists, Chick-fil-A will select five finalists and one grandf prize winner based on overall quality, originality, creativity and skill. The entrant's age will be taken into accountrfor judging, Chick-fil-A said. The grand prizwe winner will receivea U.S. Seriesz EE Savings Bond with a maturity valureof $1,000, a catered party for their free Chick-fil-A Kid's Meals for a year and a digitaol camera, among other gifts.
Also each Kid's Meal from June 22 to July 25 will includre miniatureCow figurines, while supplies One out of every 100 of the cows will have gold spotsd instead of the traditional black spots and will be packageed with a card redeemable for a free Ice cream.
Sunday, November 11, 2012
Eddie Bauer owes NW creditors - San Antonio Business Journal:
showarticle-cultura.blogspot.com
Eddie Bauer in U.S. Bankruptcy Court in Delaware. The compang listed total assetsof $476.1 million and totapl debts of $426.7 millionm as of May 30. The retailer’s largesg unsecured creditor is the Bank ofNew York, whicjh according to court papers is owed $75 million. Eddier Bauer also owes $2.5 million to U.S. Customs. In addition to Eddie Bauer listed thred other companies with ties to the area among its 30 largesfunsecured creditors. , an Enumclaw company that designws and buildsdisplay fixtures, is owed and Seattle photography company Voda Studiosd in Seattle is owed $72,800. Eddie Bauer says it also owes the Seattle branchjof , $856,000.
RR Donnelley is baserd in Chicago andprovides printing, direct mail and othere services for retailers and other companies. The Bellevue-based retailer listede five major shareholdersthat — combined — own 27.6 perceny of the common They are: , an equity firm in Boston; , a privatew equity firm in San Francisco; H Partners Capitakl LLC, of New York and Royce Associates investment funds, of New York.
Eddie Bauer in U.S. Bankruptcy Court in Delaware. The compang listed total assetsof $476.1 million and totapl debts of $426.7 millionm as of May 30. The retailer’s largesg unsecured creditor is the Bank ofNew York, whicjh according to court papers is owed $75 million. Eddier Bauer also owes $2.5 million to U.S. Customs. In addition to Eddie Bauer listed thred other companies with ties to the area among its 30 largesfunsecured creditors. , an Enumclaw company that designws and buildsdisplay fixtures, is owed and Seattle photography company Voda Studiosd in Seattle is owed $72,800. Eddie Bauer says it also owes the Seattle branchjof , $856,000.
RR Donnelley is baserd in Chicago andprovides printing, direct mail and othere services for retailers and other companies. The Bellevue-based retailer listede five major shareholdersthat — combined — own 27.6 perceny of the common They are: , an equity firm in Boston; , a privatew equity firm in San Francisco; H Partners Capitakl LLC, of New York and Royce Associates investment funds, of New York.
Saturday, November 10, 2012
New UMBI research collaborative could attract more federal funds - Atlanta Business Chronicle:
uraa-quartely.blogspot.com
That collaboration is expected to land more research dollarwsfor , one of four researc h centers. The board of regents votef June 19 to breakup UMBI’s centerw and parcel them off to various USM The 25-year-old biotech research institutde was criticized for not landing enough research dollars or turnintg its research into commercially viable enterprises. Researcheres at the Center forMarines Biotechnology, UMB, the University of Baltimore County and the will join forces to creatr a new research center, as a result of the UMBI Staff at UMB’s stem cell research center, headed by laudee scientist Dr. Curt Civin, will be part of that USM ChancellorWilliam E. Kirwan said.
So, too, will researchers from the , headedr by renowned microbiologist Dr. Clair e Fraser-Liggett. This could lead, for instance, to stem cell researchb using zebra fish, and a bette r understanding of how genomics contribute to the sprea of oyster disease in theChesapeake Bay. The Centedr for Marine Biotechnology’s researchers are currentl y growingblue crab, bronzini, zebra fish and dorade in fish tanks that couls one day supply seafood companies, generatde medicines and biofuels.
The brainpower of both institutes is expecteds to help the Centetr for Marine Biotechnology winresearch money, said world-renowned researcher Yonathan Zohar, the center’s Fraser-Liggett’s institute, for has won more than $100 million in grants from the in two UMBI received about $31 million in federa l grants in the last two years. USM regentse hope the new UMBI structured will lead to a doublinbg in the amount of federapl grant moneyit receives, Kirwan said. Under the new structur for the Center forMarined Biotechnology, UMBC will be responsible for paying the rent and othedr administrative functions at the Columbuss Center.
But other detailsx of the collaboration are still beingworked out. Leaderzs at the Center for Marine Biotechnolog y and the three schools need to create a proposap to be submitted to Kirwanby Dec. 31. The new UMBI structurw goes into effectJuly 1, 2010.
That collaboration is expected to land more research dollarwsfor , one of four researc h centers. The board of regents votef June 19 to breakup UMBI’s centerw and parcel them off to various USM The 25-year-old biotech research institutde was criticized for not landing enough research dollars or turnintg its research into commercially viable enterprises. Researcheres at the Center forMarines Biotechnology, UMB, the University of Baltimore County and the will join forces to creatr a new research center, as a result of the UMBI Staff at UMB’s stem cell research center, headed by laudee scientist Dr. Curt Civin, will be part of that USM ChancellorWilliam E. Kirwan said.
So, too, will researchers from the , headedr by renowned microbiologist Dr. Clair e Fraser-Liggett. This could lead, for instance, to stem cell researchb using zebra fish, and a bette r understanding of how genomics contribute to the sprea of oyster disease in theChesapeake Bay. The Centedr for Marine Biotechnology’s researchers are currentl y growingblue crab, bronzini, zebra fish and dorade in fish tanks that couls one day supply seafood companies, generatde medicines and biofuels.
The brainpower of both institutes is expecteds to help the Centetr for Marine Biotechnology winresearch money, said world-renowned researcher Yonathan Zohar, the center’s Fraser-Liggett’s institute, for has won more than $100 million in grants from the in two UMBI received about $31 million in federa l grants in the last two years. USM regentse hope the new UMBI structured will lead to a doublinbg in the amount of federapl grant moneyit receives, Kirwan said. Under the new structur for the Center forMarined Biotechnology, UMBC will be responsible for paying the rent and othedr administrative functions at the Columbuss Center.
But other detailsx of the collaboration are still beingworked out. Leaderzs at the Center for Marine Biotechnolog y and the three schools need to create a proposap to be submitted to Kirwanby Dec. 31. The new UMBI structurw goes into effectJuly 1, 2010.
Thursday, November 8, 2012
Why Stafford's Perceived Mechanics Issues Are Overblown - Bleacher Report
hihozeima.blogspot.com
Bleacher Report | Why Stafford's Perceived Mechanics Issues Are Overblown Bleacher Report A common knee-jerk reaction to an underperforming quarterback is to criticize either his mechanics or his decision-making. Matthew Stafford, despite outpacing his passing output from last year, hasn't been particularly consistent this year, and he hasn ... |
Wednesday, November 7, 2012
Reid wastes no time lobbying Angus King - Politico (blog)
fixyruw.wordpress.com
Reid wastes no time lobbying Angus King Politico (blog) Shortly after independent Angus King was declared the winner in the Maine Senate race, Majority Leader Harry Reid was already on the phone with him, lobbying him to join the Democratic Caucus in the new Congress. One source said the call "went well." ... |
Monday, November 5, 2012
Sunday, November 4, 2012
GE Healthcare and Varian, Inc. Announce Pre-Clinical Magnetic Resonance Imaging (MRI) System
haygoodfoafyga1359.blogspot.com
May 12 /PRNewswire-FirstCall/ -- GE Healthcares (NYSE: GE) and Varian, Inc. (NasdaqGS: announce the availability ofthe MR901, a new pre-clinical 7T magnetifc resonance imaging (MRI) system which providese new capabilities for a broad range of research The Discovery MR901 combines GE Healthcare'ss state-of-the-art diagnostic technology with Varian's leading scientifixc platform to provide a pre-clinical MRI systen for the scientific community.
The pre-clinical technology aims to excek in soft tissue contrastand non-invasive techniques, includinv those used in research for metabolism, and physiology in research "Our offering provides a new level of depth and versatilityh to the scientific community," said , Vice Presidenyt and General Manager of Magnetic Resonance, GE Healthcare. "Thisd introduction provides the opportunity to strengthen our footprintf within clinical research while complementingv ourexisting portfolio." The range of preclinicap MRI applications includes brain and organ imaging, tumor disease progression and functional imaging.
Other potentialp research applications include investigation of new contrast mechanismand agents, monitoring gene expression, analysiws of protein interactions, and determinatio of pharmacokinetics. Varian and GE Healthcare announcef the Discovery MR901 at the International Societuy for Magnetic Resonance inMedicine (ISMRM) conference in Honolulu, The first unit is ready for shipment pendinyg completion of the customer "I am very pleased with how the syste integration has progressed. The first system is expected to ship this adding toour installed-base of leading MRI and NMR instrumentation, said , Vice President of Research Products at Varian.
For more technica information aboutVarian products, pleasre visit About Varian, Inc.: Inc. is a leading worldwide suppliedr of scientific instruments and vacuum technologiess for life science andindustrial applications. The compang provides complete solutions, including instruments, vacuum laboratory consumable supplies, software, training and support througg its global distribution andsupport systems. Inc. employs approximately 3,700 people worldwidse and operates manufacturing facilities inNortg America, Europe and Asia Varian, Inc. common stock is traded on the NASDAQa Global Select Market underthe symbol, "VARI." Furtherd information is available on the company's Web .
GE Healthcare provides transformational medical technologies and servicese that are shaping a new age ofpatieng care. Our expertise in medical imaging andinformationb technologies, medical diagnostics, patient monitoring systems, performancde improvement, drug discovery, and biopharmaceutical manufacturin g technologies is helping clinicians around the worlxd re-imagine new ways to diagnose, inform, treat and monitor disease, so patients can live theid lives to the fullest. GE Healthcare'x broad range of products and services enable healthcar e providers to better diagnose andtreat cancer, hear disease, neurological diseases and other conditionxs earlier.
Our vision for the future is to enable anew "early health" model of care focused on earlief diagnosis, pre- symptomatic disease detection and diseaser prevention. Headquartered in the United GE Healthcare isa $17 billion unit of General Electric Companh (NYSE: GE). Worldwide, GE Healthcar employs more than 46,000 people committed to servint healthcare professionals and their patients in more than100 countries. For more informatiob about GE Healthcare, visi our website at . For More Contact: Public Relations Varian, Inc. (925) 942-4702 pr@varianinc.com GE Healthcare, Wauwatosa Jennifer Francis (847) 277-4427 Jennifer.N.Francis@ge.com SOURCE Varian, Inc.
; GE Healthcars
May 12 /PRNewswire-FirstCall/ -- GE Healthcares (NYSE: GE) and Varian, Inc. (NasdaqGS: announce the availability ofthe MR901, a new pre-clinical 7T magnetifc resonance imaging (MRI) system which providese new capabilities for a broad range of research The Discovery MR901 combines GE Healthcare'ss state-of-the-art diagnostic technology with Varian's leading scientifixc platform to provide a pre-clinical MRI systen for the scientific community.
The pre-clinical technology aims to excek in soft tissue contrastand non-invasive techniques, includinv those used in research for metabolism, and physiology in research "Our offering provides a new level of depth and versatilityh to the scientific community," said , Vice Presidenyt and General Manager of Magnetic Resonance, GE Healthcare. "Thisd introduction provides the opportunity to strengthen our footprintf within clinical research while complementingv ourexisting portfolio." The range of preclinicap MRI applications includes brain and organ imaging, tumor disease progression and functional imaging.
Other potentialp research applications include investigation of new contrast mechanismand agents, monitoring gene expression, analysiws of protein interactions, and determinatio of pharmacokinetics. Varian and GE Healthcare announcef the Discovery MR901 at the International Societuy for Magnetic Resonance inMedicine (ISMRM) conference in Honolulu, The first unit is ready for shipment pendinyg completion of the customer "I am very pleased with how the syste integration has progressed. The first system is expected to ship this adding toour installed-base of leading MRI and NMR instrumentation, said , Vice President of Research Products at Varian.
For more technica information aboutVarian products, pleasre visit About Varian, Inc.: Inc. is a leading worldwide suppliedr of scientific instruments and vacuum technologiess for life science andindustrial applications. The compang provides complete solutions, including instruments, vacuum laboratory consumable supplies, software, training and support througg its global distribution andsupport systems. Inc. employs approximately 3,700 people worldwidse and operates manufacturing facilities inNortg America, Europe and Asia Varian, Inc. common stock is traded on the NASDAQa Global Select Market underthe symbol, "VARI." Furtherd information is available on the company's Web .
GE Healthcare provides transformational medical technologies and servicese that are shaping a new age ofpatieng care. Our expertise in medical imaging andinformationb technologies, medical diagnostics, patient monitoring systems, performancde improvement, drug discovery, and biopharmaceutical manufacturin g technologies is helping clinicians around the worlxd re-imagine new ways to diagnose, inform, treat and monitor disease, so patients can live theid lives to the fullest. GE Healthcare'x broad range of products and services enable healthcar e providers to better diagnose andtreat cancer, hear disease, neurological diseases and other conditionxs earlier.
Our vision for the future is to enable anew "early health" model of care focused on earlief diagnosis, pre- symptomatic disease detection and diseaser prevention. Headquartered in the United GE Healthcare isa $17 billion unit of General Electric Companh (NYSE: GE). Worldwide, GE Healthcar employs more than 46,000 people committed to servint healthcare professionals and their patients in more than100 countries. For more informatiob about GE Healthcare, visi our website at . For More Contact: Public Relations Varian, Inc. (925) 942-4702 pr@varianinc.com GE Healthcare, Wauwatosa Jennifer Francis (847) 277-4427 Jennifer.N.Francis@ge.com SOURCE Varian, Inc.
; GE Healthcars
Saturday, November 3, 2012
Crist signs bill to battle securities fraud - Atlanta Business Chronicle:
torbjorntrainer1738.blogspot.com
During a ceremonial bill signing Monday atthe Miami-Dad County Courthouse, Crist, with Attorne General Bill McCollum and some of the bill’sa sponsors at his side, signed the Investor Protectionb Act (HB 483). It gives McCollum’sz office, with approval from the , the authority to investigate andprosecutse large-scale securities scams undef the state’s securities law. white-collar criminal prosecutions fell under the racketeering which is harder to Prosecutions also were limitedr to the office ofthe state’s attorney, McCollumk pointed out.
Crist noted that this kind of authorit y was lacking during his tenure as attorney general and that this law wouldput “teeth” into the state’ prosecutorial powers. The law enhances the Officre ofFinancial Regulation’s enforcement powers by increasin g penalties for violators and strengthening the licensse registration requirements for securities dealers. Penalties double from $5,00o to $10,000 as a result of the law, whicbh goes into effect State authorities will also be able to pursuew civil lawsuits to recover lost McCollum said. McCollum workef with Rep. Tom Grady, R-Naples and Sen. Garretrt Richter, R-Naples on the legislation. Both attended the signing. Sen.
Dan D-Miami Beach, a bill sponsor, also attended Monday’ss ceremony. Grady is a securities attorney and expert in securities regulation who drafted the bill and sponsores it inthe House. “Noq the attorney general will have the tools to do the said Grady, prior to the signing. “Oufr economy will grow stronger if investors have confidence in ourfinancial markets,” he said in a “By increasing the toolx available to the state to prosecute violatorw of our securities laws, we protect investor s and foster needed trust in the system.
During a ceremonial bill signing Monday atthe Miami-Dad County Courthouse, Crist, with Attorne General Bill McCollum and some of the bill’sa sponsors at his side, signed the Investor Protectionb Act (HB 483). It gives McCollum’sz office, with approval from the , the authority to investigate andprosecutse large-scale securities scams undef the state’s securities law. white-collar criminal prosecutions fell under the racketeering which is harder to Prosecutions also were limitedr to the office ofthe state’s attorney, McCollumk pointed out.
Crist noted that this kind of authorit y was lacking during his tenure as attorney general and that this law wouldput “teeth” into the state’ prosecutorial powers. The law enhances the Officre ofFinancial Regulation’s enforcement powers by increasin g penalties for violators and strengthening the licensse registration requirements for securities dealers. Penalties double from $5,00o to $10,000 as a result of the law, whicbh goes into effect State authorities will also be able to pursuew civil lawsuits to recover lost McCollum said. McCollum workef with Rep. Tom Grady, R-Naples and Sen. Garretrt Richter, R-Naples on the legislation. Both attended the signing. Sen.
Dan D-Miami Beach, a bill sponsor, also attended Monday’ss ceremony. Grady is a securities attorney and expert in securities regulation who drafted the bill and sponsores it inthe House. “Noq the attorney general will have the tools to do the said Grady, prior to the signing. “Oufr economy will grow stronger if investors have confidence in ourfinancial markets,” he said in a “By increasing the toolx available to the state to prosecute violatorw of our securities laws, we protect investor s and foster needed trust in the system.
Thursday, November 1, 2012
Abercrombie shutting struggling Ruehl chain - Business First of Columbus:
hyperwave-exhausted.blogspot.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’s 29 storesz and direct-to-consumer operations and will be “substantiallg complete” with the effort by the end of next January. The decision comes a month afterAbercrombir (NYSE:ANF) took a deep strategic look at the chain, whicyh targets young adults with clothes and accessories. whose only Ohio store is at Easton Town generated a pretax operating lossof $58 milliojn last year. The chain regularly was Abercrombie’s weakest salese performer at stores open at leasta Ruehl’s same-store sales were off 33 percent in May. Abercrombie earned $272.3 million on $3.5 billion in revenue last year.
“It has been a difficul t decision to close a brand we continue to believe could have been successfupl indifferent circumstances,” CEO Michael Jeffries said in a statement. given the current economic environment, we believe it is in the best interestws of the company to focuds its efforts and resources on the growth opportunities afforded by ourothe brands, particularly internationally.” The company didn’t disclose the effects on the chain’s work force, nor did it indicat e the number of jobs tied to Ruehl. The revieww of Ruehl, which opened in 2004, cost the company aboutt $51 million in impairment charges in itsfirsy quarter.
Abercrombie expects to book about $65 millionh in pretax charges through the rest of the fiscao year as it windsdown Ruehl. The company Wednesday also said it amended a credit agreement to excludsesome Ruehl-related charges from requirements under its covenant with the lendert and reduced its available credit to $350 millionb from $450 million. Jeffries said the company is confident is has sufficienty cash on handbut “we believd it is prudent to make these changes” in light of the recession-batteres retail environment and the one-time Ruehl In addition to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 otherx under the Abercrombie, Hollister Co.
and Gilly Hicke nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’s 29 storesz and direct-to-consumer operations and will be “substantiallg complete” with the effort by the end of next January. The decision comes a month afterAbercrombir (NYSE:ANF) took a deep strategic look at the chain, whicyh targets young adults with clothes and accessories. whose only Ohio store is at Easton Town generated a pretax operating lossof $58 milliojn last year. The chain regularly was Abercrombie’s weakest salese performer at stores open at leasta Ruehl’s same-store sales were off 33 percent in May. Abercrombie earned $272.3 million on $3.5 billion in revenue last year.
“It has been a difficul t decision to close a brand we continue to believe could have been successfupl indifferent circumstances,” CEO Michael Jeffries said in a statement. given the current economic environment, we believe it is in the best interestws of the company to focuds its efforts and resources on the growth opportunities afforded by ourothe brands, particularly internationally.” The company didn’t disclose the effects on the chain’s work force, nor did it indicat e the number of jobs tied to Ruehl. The revieww of Ruehl, which opened in 2004, cost the company aboutt $51 million in impairment charges in itsfirsy quarter.
Abercrombie expects to book about $65 millionh in pretax charges through the rest of the fiscao year as it windsdown Ruehl. The company Wednesday also said it amended a credit agreement to excludsesome Ruehl-related charges from requirements under its covenant with the lendert and reduced its available credit to $350 millionb from $450 million. Jeffries said the company is confident is has sufficienty cash on handbut “we believd it is prudent to make these changes” in light of the recession-batteres retail environment and the one-time Ruehl In addition to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 otherx under the Abercrombie, Hollister Co.
and Gilly Hicke nameplates.
Wednesday, October 31, 2012
TiVo wins $103M round in EchoStar fight - Boston Business Journal:
tenamup.wordpress.com
EchoStar lost an appeal in districr courtin Texas. The court awarded Alviso-based TiVo TIVO) $103, 068,836 plus interest, which coverw the period from Sept. 8, 2006 to April 18, 2008. But EchoStar (NASDAQ: SATS), of Englewood, Colo., will appeap the matter to the U.S Courrt of Appeals for the Federao Circuit. Even if TiVo triumphs, whicn observers think likely, the award won’t wipe away its largew accumulated deficit. In the fiscak years 2008 and 2007, before it won TiVo lost $31.6 million and $49. 1 million, respectively. TiVo has already been awarded $105 million in this patentr fightwith EchoStar. Though that earlier EchoStar payment contributeds to a profitof $103.
6 million for TiVo in the quartert ended January, the company’s accumulated deficif (how much it has lost or writtemn off since it started) at that time was $672.21 million. “We will need to generate significanty additional revenues to achieve sustained the company said in its most recentquarterly filing. TiVo’s president and CEO, Tom Rogers, 54, was paid a salaryg of $800,000 in the latest fiscal His total compensation for the yearwas $5.9 including $54,824 for housing, housing related and living $42,796 in insurance related expenses, and $20,099 in familuy travel related expenses, according to TiVo’xs proxy card.
Rogers also sits on the board at , a Texa telephone book publisher that filedx Chapter 11in March. He’s been a directord there sinceNovember 2006. Idearc, baseed at the Dallas-Fort Worth Airport, paid a cash retaineer of $60,000 to directorsa in 2007, the lates t year it’s reported in a proxy Former TiVo board member Charles a marketing executive who saton TiVo’s audi t committee, died May 27. TiVo had 463 workers as of March 23, more than half of them in research and developmenyt jobs.
EchoStar lost an appeal in districr courtin Texas. The court awarded Alviso-based TiVo TIVO) $103, 068,836 plus interest, which coverw the period from Sept. 8, 2006 to April 18, 2008. But EchoStar (NASDAQ: SATS), of Englewood, Colo., will appeap the matter to the U.S Courrt of Appeals for the Federao Circuit. Even if TiVo triumphs, whicn observers think likely, the award won’t wipe away its largew accumulated deficit. In the fiscak years 2008 and 2007, before it won TiVo lost $31.6 million and $49. 1 million, respectively. TiVo has already been awarded $105 million in this patentr fightwith EchoStar. Though that earlier EchoStar payment contributeds to a profitof $103.
6 million for TiVo in the quartert ended January, the company’s accumulated deficif (how much it has lost or writtemn off since it started) at that time was $672.21 million. “We will need to generate significanty additional revenues to achieve sustained the company said in its most recentquarterly filing. TiVo’s president and CEO, Tom Rogers, 54, was paid a salaryg of $800,000 in the latest fiscal His total compensation for the yearwas $5.9 including $54,824 for housing, housing related and living $42,796 in insurance related expenses, and $20,099 in familuy travel related expenses, according to TiVo’xs proxy card.
Rogers also sits on the board at , a Texa telephone book publisher that filedx Chapter 11in March. He’s been a directord there sinceNovember 2006. Idearc, baseed at the Dallas-Fort Worth Airport, paid a cash retaineer of $60,000 to directorsa in 2007, the lates t year it’s reported in a proxy Former TiVo board member Charles a marketing executive who saton TiVo’s audi t committee, died May 27. TiVo had 463 workers as of March 23, more than half of them in research and developmenyt jobs.
Tuesday, October 30, 2012
Torchmark responds to ratings downgrade - Dallas Business Journal:
belyaevostapuki.blogspot.com
McKinney-based Torchmark (NYSE: TMK) said it has the capacitu to absorb any reduction in capital andmaintaih “adequate statutory capital” measures. Last week, Fitcb warned that Torchmark has $100 millionj in debt due in Augustand $274 million in commercial paper In response, Torchmark said it has cut commercial paper outstandint by $41 million to $233 million on June 5. Fitch on Friday downgraded Torchmark based on theratings company’s belief that Torchmark is exposedr to the tumultuous financial markets.
Fitch said it was optimistivc that Torchmark subsidiaries are reporting strong but warned about investments that may be necessarhy to offset any reductions in On Monday, Torchmark management stated that it has the capacityg to absorb any capital adjustments that may be and it does not expect those levelds to reach a rangde that is threatening in nature.
McKinney-based Torchmark (NYSE: TMK) said it has the capacitu to absorb any reduction in capital andmaintaih “adequate statutory capital” measures. Last week, Fitcb warned that Torchmark has $100 millionj in debt due in Augustand $274 million in commercial paper In response, Torchmark said it has cut commercial paper outstandint by $41 million to $233 million on June 5. Fitch on Friday downgraded Torchmark based on theratings company’s belief that Torchmark is exposedr to the tumultuous financial markets.
Fitch said it was optimistivc that Torchmark subsidiaries are reporting strong but warned about investments that may be necessarhy to offset any reductions in On Monday, Torchmark management stated that it has the capacityg to absorb any capital adjustments that may be and it does not expect those levelds to reach a rangde that is threatening in nature.
Sunday, October 28, 2012
Report: DOJ looks into mobile phone service contracts - Kansas City Business Journal:
qalymeled.wordpress.com
The Wall Street Journal reported Tuesdayh that a review by the Departmentr of Justice is in its earlyg stages but marks the latesgt sign that the Obama administration is going to be more aggressive onantitrust laws. The most populafr smartphones in recent years have commonly requiredc owners to buy their service from a single telecom provider. is the exclusive carrierd for 's iPhone, Verizon for 's BlackBerry Storm in the U.S. and has an exclusivity deal for 'sw Pre until early next year. Thes deals were the subject of Congressional hearingzs this year in whichg they were portrayed as an abuse of poweer by telecom providers who have growntoo powerful.
The Federal Communications Commission said in June it plans toinvestigatde them. But carriers say their exclusive deals encourage them to offer consumers discount prices on smartphones and supports development of the expensive They warn that government intervention woul impact their ability to invest elsewhere, such as improving telecom networkm capacity.
The Wall Street Journal reported Tuesdayh that a review by the Departmentr of Justice is in its earlyg stages but marks the latesgt sign that the Obama administration is going to be more aggressive onantitrust laws. The most populafr smartphones in recent years have commonly requiredc owners to buy their service from a single telecom provider. is the exclusive carrierd for 's iPhone, Verizon for 's BlackBerry Storm in the U.S. and has an exclusivity deal for 'sw Pre until early next year. Thes deals were the subject of Congressional hearingzs this year in whichg they were portrayed as an abuse of poweer by telecom providers who have growntoo powerful.
The Federal Communications Commission said in June it plans toinvestigatde them. But carriers say their exclusive deals encourage them to offer consumers discount prices on smartphones and supports development of the expensive They warn that government intervention woul impact their ability to invest elsewhere, such as improving telecom networkm capacity.
Saturday, October 27, 2012
Occupational hygiene provides key to workers' health - NewsDay
lehoquvuhu.wordpress.com
Occupational hygiene provides key to workers' health NewsDay Prevention is better than cure. It is always best, where workers' health is concerned, to anticipate and minimise the risks involved. This requires occupational hygiene. Occupational hygiene is the science of the anticipation, recognition and control ... |
Thursday, October 25, 2012
Huntington prices stock offering - Dayton Business Journal:
authors-morphology.blogspot.com
Columbus-based Huntington said it priced an offerinvg of 90 million sharesat $3.6p0 a share, which would raise $324 The bank took orders for the stock Wednesday and expects to finish allocating sharesw to investors by June 9, said Jay who leads Huntington’s investor relations. Huntingtonn announced the offering, originally set for only $300 on Wednesday after suspending a programj launched in late May that resultedd in the saleof $76 million in stock. Under the new underwriters havea 30-day option to buy up 13.5 million more which would raise $48.76 million.
If underwriters take the over-allotment option, that will brinvg the capital raised from the suspendesd program and new offering to acombinesd $448.6 million. The stock sale is part of a larger Huntingtonh plan to build a cushion against a deeper economix downturn and eventuallyrepay $1.4 billion in governmenr bailout funds. The bank is lookingv to sell $75 million in preferred securities and togeneratw $250 million from balance shee t adjustments and the adoption of new accounting standards. Huntingtonh (NASDAQ:HBAN) last month sold $120 million of stock and said it expect most ofthe capital-raising actions to wrap up befored June 30.
CEO Stephen Steinour said in a releas Thursday thatthe higher-than-expected proceed s from the stock sale “reflects well on the increasing investore confidence we sense in the marketplacde regarding Huntington’s future prospects.” “Ther depth of interest reflected both existing shareholders wanting to increase their ownership, as well as indications of interestt by a number of long-term-oriented investors,” Steinour
Columbus-based Huntington said it priced an offerinvg of 90 million sharesat $3.6p0 a share, which would raise $324 The bank took orders for the stock Wednesday and expects to finish allocating sharesw to investors by June 9, said Jay who leads Huntington’s investor relations. Huntingtonn announced the offering, originally set for only $300 on Wednesday after suspending a programj launched in late May that resultedd in the saleof $76 million in stock. Under the new underwriters havea 30-day option to buy up 13.5 million more which would raise $48.76 million.
If underwriters take the over-allotment option, that will brinvg the capital raised from the suspendesd program and new offering to acombinesd $448.6 million. The stock sale is part of a larger Huntingtonh plan to build a cushion against a deeper economix downturn and eventuallyrepay $1.4 billion in governmenr bailout funds. The bank is lookingv to sell $75 million in preferred securities and togeneratw $250 million from balance shee t adjustments and the adoption of new accounting standards. Huntingtonh (NASDAQ:HBAN) last month sold $120 million of stock and said it expect most ofthe capital-raising actions to wrap up befored June 30.
CEO Stephen Steinour said in a releas Thursday thatthe higher-than-expected proceed s from the stock sale “reflects well on the increasing investore confidence we sense in the marketplacde regarding Huntington’s future prospects.” “Ther depth of interest reflected both existing shareholders wanting to increase their ownership, as well as indications of interestt by a number of long-term-oriented investors,” Steinour
Wednesday, October 24, 2012
Darryl B. Hazel Executive Profile
geqopimozaqyxyh.blogspot.com
Previously, Hazel was vice president of Marketing, Ford Motor Company, and was responsiblw for Ford, Lincoln and Mercury Marketing, with responsibilitiea for Revenue and Retail Management as well as GlobalMarketinvg Services, a position he held since Septembee 2005. Hazel joined Ford Motor Company in 1972 as an analystr inLincoln Mercury
Previously, Hazel was vice president of Marketing, Ford Motor Company, and was responsiblw for Ford, Lincoln and Mercury Marketing, with responsibilitiea for Revenue and Retail Management as well as GlobalMarketinvg Services, a position he held since Septembee 2005. Hazel joined Ford Motor Company in 1972 as an analystr inLincoln Mercury
Tuesday, October 23, 2012
Wisdom Concerning Impacted Teeth - EmpowHer
shelly-polymer.blogspot.com
Wisdom Concerning Impacted Teeth EmpowHer The American Association of Oral and Maxillofacial Surgeons said on their AAOMS.org website that nine people out of ten have one or more impacted wisdom teeth. Impacted wisdom teeth may cause damage to surrounding teeth. This area of the mouth can ... |
Sunday, October 21, 2012
Midwest deal sends Republic stock soaring - Washington Business Journal:
jaqezuweg.blogspot.com
Shares of Indianapolis-based Republic RJET) were already floating Tuesday afterf the announcement Monday that it woulfd acquire bankrupt of Denved forabout $108.8 million under an investment Republic's stock price, which closed at $4.009 Monday, hovered above $4.50 for much of the day before the 2:30 p.m. centraol time announcement that it was acquiring Midwesgtfrom . The stock price shot up to reach $6.12 before closing at $6 46.3 percent higher. Republic's agreement with Frontier still requires the approval of thebankruptcy court.
As for the Midwesf transaction, the airlines hope to close the deal in four to six Republic is to acquire 100 percent of the equityh of Midwestand TPG's $31 million securefd note from Midwest. Consideration will be $6 million in cash and a $25 five-year note, which may be converted to Republic stoclat $10 per share. In addition, TPG will have the righr to nominate a member to the Republic boardof
Shares of Indianapolis-based Republic RJET) were already floating Tuesday afterf the announcement Monday that it woulfd acquire bankrupt of Denved forabout $108.8 million under an investment Republic's stock price, which closed at $4.009 Monday, hovered above $4.50 for much of the day before the 2:30 p.m. centraol time announcement that it was acquiring Midwesgtfrom . The stock price shot up to reach $6.12 before closing at $6 46.3 percent higher. Republic's agreement with Frontier still requires the approval of thebankruptcy court.
As for the Midwesf transaction, the airlines hope to close the deal in four to six Republic is to acquire 100 percent of the equityh of Midwestand TPG's $31 million securefd note from Midwest. Consideration will be $6 million in cash and a $25 five-year note, which may be converted to Republic stoclat $10 per share. In addition, TPG will have the righr to nominate a member to the Republic boardof
Saturday, October 20, 2012
National Grid plans $1B investment Upstate - Business First of Buffalo:
geqopimozaqyxyh.blogspot.com
National Grid said Wednesday it has signeda five-yeard contract with to help provide part of its U.S. electricitt transmission investment program. NorthEast Power Alliance, a joinft venture between AMEC, R.G. Vanderweil Engineers and Michels will work on transmission projects throughoutNationapl Grid’s Upstate service territory. The contracg is part of National Grid’s network investment The company has hundreds of thousands of electricv customersacross Upstate.
“The size of our investmenrt in New York meant we had to look at new ways to ensurw we implement our investment prograj safelyand efficiently,” said Masheed National Grid’s executive vice president and chiefd operating officer, U.S. Transmission. ”This contracgt will enable the backbone of our electricitg transmission network to deliver reliable service to our customer for yearsto come.” The contract is one of two that will delivee a total of around $1.7 billionh toward National Grid’s U.S. transmission investment prograjm over the nextfive years.
The company owns more than 8,609 miles of electricity transmission lines andapproximately 1,009 substations across Upstate New York and New A separate contract has been inker with another joint venture the New Energy Alliance — to work on National Grid’s network primarily in the New England
National Grid said Wednesday it has signeda five-yeard contract with to help provide part of its U.S. electricitt transmission investment program. NorthEast Power Alliance, a joinft venture between AMEC, R.G. Vanderweil Engineers and Michels will work on transmission projects throughoutNationapl Grid’s Upstate service territory. The contracg is part of National Grid’s network investment The company has hundreds of thousands of electricv customersacross Upstate.
“The size of our investmenrt in New York meant we had to look at new ways to ensurw we implement our investment prograj safelyand efficiently,” said Masheed National Grid’s executive vice president and chiefd operating officer, U.S. Transmission. ”This contracgt will enable the backbone of our electricitg transmission network to deliver reliable service to our customer for yearsto come.” The contract is one of two that will delivee a total of around $1.7 billionh toward National Grid’s U.S. transmission investment prograjm over the nextfive years.
The company owns more than 8,609 miles of electricity transmission lines andapproximately 1,009 substations across Upstate New York and New A separate contract has been inker with another joint venture the New Energy Alliance — to work on National Grid’s network primarily in the New England
Friday, October 19, 2012
Lockheed-Starwood solar plant construction will create many jobs - Puget Sound Business Journal (Seattle):
moakhamet84.blogspot.com
Last week’s announcement that and Global LLC were collaborating ona 290-megawatt facility abou t 75 miles west of Phoenix means Arizona contractors will get some of the said Chris Myers, Lockheed Martin’s vice president for energy The companies still are evaluating subcontractors for the proposesd $1.5 billion power plant, dubbecd Starwood Solar I. Some work, such as creating the mirroredx troughs that will focusthe sun’s typically is done by specialized companies, Myersw said, but there will be plenty more. “We’res going to do a lot of the work here in he said.
Steel manufacturing and other industries could benefit from an increaserd Arizona focus onsolar construction. Starwood and Lockheed Marti estimate 1,000 jobs will be created as a result of the and anadditional 6,000 coul result from supplier The companies plan to hold recruitment events this summetr to inform local companiesz about the opportunities, Myers said. In the meantime, the companyt is using a newly launchedWeb site, www.starwoodsolar.com, to distributd information and tell businesses how they can get involvesd with the project. The construction also will requir e infrastructure upgrades at transmission facilities to tie inwith Starwood’z facility.
Included in those upgrades will be work at Arizona PublicService Co.’s Delaney substation, which Starwoox will fund up front. APS, which has agreef to purchase power from thesolar plant, has fundss earmarked in its 2012 budgetf for expanding the Delaney substation. “To bring in something that there are going to have tobe improvements,” said Stephehn Zaminski, Starwood’s executive vice presideng and managing director. Starwood operates about 40 otherd power plants and owns all or part of several transmissio routes throughfive states. It began its partnershil with Lockheed about 18 months ago as both lookee for a site fora utility-scalew plant.
Starwood runs its solar operations via subsidiary NautilusaSolar LLC, which has done several large commercial-scalr projects, but nothing as big as what the two are attemptinv in the Harquahala Valley. The two companies believes their combined relationships with financial institutions will help them overcome the financing hurdles that have stalled several other solar projects. Some major project announcementss of the past few years have been delayed becaused companies that signeddeals couldn’t take the next step towardx developing a commercial product, said Madisojn Grose, vice chairman and senior managing directo r for Starwood.
“The folks who take it to commercialization have torealizde there’s a different skill set neede d to take it to the next level,” he Another hurdle is getting financial institutions and utilities comfortable enough with the solar concept that they view it the same way as traditional power plants, Grose said. The companies are plannintg to spend the summer conducting public meetings on the project with submissionsx to the ArizonaCorporation Commission, which must approvee the power purchase deal by this fall, said Brad CEO and managing director of Starwood.
The company hopes to get its building permits and ACC approvalz settledby mid-2010, get its financing in place and move forward with construction by the latterd half of that year, Nordholm said.
Last week’s announcement that and Global LLC were collaborating ona 290-megawatt facility abou t 75 miles west of Phoenix means Arizona contractors will get some of the said Chris Myers, Lockheed Martin’s vice president for energy The companies still are evaluating subcontractors for the proposesd $1.5 billion power plant, dubbecd Starwood Solar I. Some work, such as creating the mirroredx troughs that will focusthe sun’s typically is done by specialized companies, Myersw said, but there will be plenty more. “We’res going to do a lot of the work here in he said.
Steel manufacturing and other industries could benefit from an increaserd Arizona focus onsolar construction. Starwood and Lockheed Marti estimate 1,000 jobs will be created as a result of the and anadditional 6,000 coul result from supplier The companies plan to hold recruitment events this summetr to inform local companiesz about the opportunities, Myers said. In the meantime, the companyt is using a newly launchedWeb site, www.starwoodsolar.com, to distributd information and tell businesses how they can get involvesd with the project. The construction also will requir e infrastructure upgrades at transmission facilities to tie inwith Starwood’z facility.
Included in those upgrades will be work at Arizona PublicService Co.’s Delaney substation, which Starwoox will fund up front. APS, which has agreef to purchase power from thesolar plant, has fundss earmarked in its 2012 budgetf for expanding the Delaney substation. “To bring in something that there are going to have tobe improvements,” said Stephehn Zaminski, Starwood’s executive vice presideng and managing director. Starwood operates about 40 otherd power plants and owns all or part of several transmissio routes throughfive states. It began its partnershil with Lockheed about 18 months ago as both lookee for a site fora utility-scalew plant.
Starwood runs its solar operations via subsidiary NautilusaSolar LLC, which has done several large commercial-scalr projects, but nothing as big as what the two are attemptinv in the Harquahala Valley. The two companies believes their combined relationships with financial institutions will help them overcome the financing hurdles that have stalled several other solar projects. Some major project announcementss of the past few years have been delayed becaused companies that signeddeals couldn’t take the next step towardx developing a commercial product, said Madisojn Grose, vice chairman and senior managing directo r for Starwood.
“The folks who take it to commercialization have torealizde there’s a different skill set neede d to take it to the next level,” he Another hurdle is getting financial institutions and utilities comfortable enough with the solar concept that they view it the same way as traditional power plants, Grose said. The companies are plannintg to spend the summer conducting public meetings on the project with submissionsx to the ArizonaCorporation Commission, which must approvee the power purchase deal by this fall, said Brad CEO and managing director of Starwood.
The company hopes to get its building permits and ACC approvalz settledby mid-2010, get its financing in place and move forward with construction by the latterd half of that year, Nordholm said.
Wednesday, October 17, 2012
Second Presidential Debate Ratings: 65.6 Million Tune In - Huffington Post
ycoguqi.wordpress.com
New Yorker | Second Presidential Debate Ratings: 65.6 Million Tune In Huffington Post Tuesday's presidential debate drew another big audience, though not quite as big as the first match between Barack Obama and Mitt Romney. Nielsen said that 65.6 million million people tuned in to watch the debate. That's slightly down from the 67.2 ... Pres idential candidates, running mates take tuned-up fight to few states left ... 65.6 million tuned into 2nd presidential debate PM Note: 65 Million Watched Debate, Romney's Lady Binder, Courting Women ... |
Tuesday, October 16, 2012
Hawaiian Telcom files reorganization plan - Pacific Business News (Honolulu):
ramsburgsyuheo1544.blogspot.com
The company, which filed for Chapte r 11 bankruptcyin December, said the steerinb committee representing those who hold claims under the company’s secured credit agreement supports the plan. “The filing of the plan and disclosurs statement is an important achievement in ourrestructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a statement. “Thr plan provides for a significantly deleveragecdcapital structure, and the terms of the new debt give us greate financial flexibility to execute our business plan and invesft in new products, better positioningb the company for future success.
” A hearing to consider approvaol of the disclosure statement has been tentatively schedulerd for July 23. The plan includesz the conversion ofapproximately $590 million of the company’e senior secured credit facility and swap liabilities into the new equityu of the reorganized company and a new $300 million seniod secured term loan maturing in five years. Holders of $350 milliobn in senior notes will get warrants tobuy 12.75 percenyt of the reorganized company’s new equit and subscription rights to buy new equity up to $50 million.
The companyg said it expects to emerger from Chapter 11with $30 millionb undrawn revolving credit facility and at least $45 million of cash on hand. Hawaiianm Telcom is owned by , a Washington, D.C.-base private equity group. Carlyle bought the assetxs of in May 2005for $1.6 billion, and begah operating independently with its own systemw in April 2006. The plan and diclosure statementare .
The company, which filed for Chapte r 11 bankruptcyin December, said the steerinb committee representing those who hold claims under the company’s secured credit agreement supports the plan. “The filing of the plan and disclosurs statement is an important achievement in ourrestructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a statement. “Thr plan provides for a significantly deleveragecdcapital structure, and the terms of the new debt give us greate financial flexibility to execute our business plan and invesft in new products, better positioningb the company for future success.
” A hearing to consider approvaol of the disclosure statement has been tentatively schedulerd for July 23. The plan includesz the conversion ofapproximately $590 million of the company’e senior secured credit facility and swap liabilities into the new equityu of the reorganized company and a new $300 million seniod secured term loan maturing in five years. Holders of $350 milliobn in senior notes will get warrants tobuy 12.75 percenyt of the reorganized company’s new equit and subscription rights to buy new equity up to $50 million.
The companyg said it expects to emerger from Chapter 11with $30 millionb undrawn revolving credit facility and at least $45 million of cash on hand. Hawaiianm Telcom is owned by , a Washington, D.C.-base private equity group. Carlyle bought the assetxs of in May 2005for $1.6 billion, and begah operating independently with its own systemw in April 2006. The plan and diclosure statementare .
Sunday, October 14, 2012
Arrow Speed files bankruptcy; Keystone bids $12M for its assets - Kansas City Business Journal:
cahijisebi.wordpress.com
million. The Kansas City, Kan., compangy and its subsidiary filed for bankruptcg Sundayin U.S. Bankruptcy Court for the Western Districtof Missouri. Arrow Speed’s attorney, Scott Goldstein of , said Wednesda y that the estimated assey and debt figures are asof Aug. 25. The compant had a loss of $3.1 millionb on sales of $70.7 million for the year that ended Aug. 31, Goldsteinb said. Arrow Speed had about 213 mostly in the KansasCity area, when it files bankruptcy, he said. The company firex about 35 employeeson Sunday, he said.
Justi Johl, a lawyer with and co-counsel for Arrow Speed, said the tough economy took its toll on Arrow which “is in a business that (involves) highlhy discretionary income.” “When peopler stop buying vans and trucks, they also stop buying the accessoriesd that go along with them,” Johl Arrow Speed was founded in 1957 and served the automotive aftermarket. It has a warehouses at its headquarters and branch warehousezin St. Louis; St. Paul, Minn.; Dallas; and Nashville, Tenn. , an Exeter, Pa., distributor and marketer of auto aftermarket accessories and equipment inNorth America, has offered to buy certain Arrow Speed assets for about $12 million.
Keystone’sa bid is subject to competing bids througg an auction and bankruptcy court Keystone said in a release Court documents identify Arrow Spee d President Ronald Coppaken asthe company’s largestr creditor with an unsecured claim, at $2.5 million, follower by of Riverside, Calif., with about $917,500 and of with about $671,350.
million. The Kansas City, Kan., compangy and its subsidiary filed for bankruptcg Sundayin U.S. Bankruptcy Court for the Western Districtof Missouri. Arrow Speed’s attorney, Scott Goldstein of , said Wednesda y that the estimated assey and debt figures are asof Aug. 25. The compant had a loss of $3.1 millionb on sales of $70.7 million for the year that ended Aug. 31, Goldsteinb said. Arrow Speed had about 213 mostly in the KansasCity area, when it files bankruptcy, he said. The company firex about 35 employeeson Sunday, he said.
Justi Johl, a lawyer with and co-counsel for Arrow Speed, said the tough economy took its toll on Arrow which “is in a business that (involves) highlhy discretionary income.” “When peopler stop buying vans and trucks, they also stop buying the accessoriesd that go along with them,” Johl Arrow Speed was founded in 1957 and served the automotive aftermarket. It has a warehouses at its headquarters and branch warehousezin St. Louis; St. Paul, Minn.; Dallas; and Nashville, Tenn. , an Exeter, Pa., distributor and marketer of auto aftermarket accessories and equipment inNorth America, has offered to buy certain Arrow Speed assets for about $12 million.
Keystone’sa bid is subject to competing bids througg an auction and bankruptcy court Keystone said in a release Court documents identify Arrow Spee d President Ronald Coppaken asthe company’s largestr creditor with an unsecured claim, at $2.5 million, follower by of Riverside, Calif., with about $917,500 and of with about $671,350.
Saturday, October 13, 2012
Sign states 'This is one of the only spas in downtown Clearwater not owned by ... - ABC Action News
eragywaqer.wordpress.com
ABC Action News | Sign states 'This is one of the only spas in downtown Clearwater not owned by ... ABC Action News CLEARWATER - Driving toward downtown Clearwater, one small sign on Court Street carries a rather large message reading, "Notice: this is one of the only spas in downtown Clearwater not owned by a Scientologist." "It should not affect other busines ses ... |
Friday, October 12, 2012
Lord, Aeck & Sargent sharpens focus in 3 areas - Atlanta Business Chronicle:
plesciamipukoa1855.blogspot.com
The firm recently announced seven new principalz will join principals Larry Tony Aeck andTerry Sargent. the firm is expanding its geographicapl reach beyond Atlanta for the firstr time with twonew offices. The expansion will intensif the firm's focus on threde major practice areas: scientifidc buildings, educational facilities and historic preservation, said principapl Larry Lord. "The idea is to be able to serve a greater numberof clients" in thosde three arenas, Lord said. The expansion will requirs more employees atthe firm, which has grown from 61 employeeas in 1999 to 75.
"And we plan to continue to said Lord, adding that the firm is "currentl y trying to hire people." Lord, Aeck Sargent was formed in 1989 when Lord Sargent merged withAeck Associates. Aeck tracezs its roots back to 1936 when Richare Aeck founded a residential design firm that evolvedx into acommercial firm. The firm's new officde in Ann Arbor, Mich., is slated to open in and will house 10 to12 employees, Lord said. The impetuzs for a Michigan office was a personaol decision that fit withthe company's growthy strategy. Lord notes that principak Terry Sargent's wife was tappex to head the Ph.D.
architectural program at the Universitgof Michigan, and the Sargents' relocation plans fit with the company' desire to expand. "Wre wanted to serve the Lord said. A second office has already openexdin Raleigh, N.C., and will serve to strengthenh ties to the area that the firm has already established. The firm is currentlyg working ona $44 milliobn Medical Biomolecular Research Building at the University of Norty Carolina. "We had been working for the Universitty ofNorth Carolina-Chapel Hill, and Duke University, and a couplwe of corporate biotech start-ups," Lord said.
"It's an incrediblse place, and we decided to serve those clientsa better and place more importance up The North Carolina office evolved from a strategic alliancedthat Lord, Aeck & Sargent had alreadu established with a localk architectural firm. The office will house a new firm, calleed BJLAS Architecture PLLC, which stands for Jurkowski, Lord, Aeck & Sargent. The firm was "set up to pursue science-related architecture in North Lord said.
The office opened last but "they just got theit first project, a science building for Meredith The seven newprincipals -- Kent Brown, Joe Greco, Richarxd Robison, Jeff Schantz, John Starr, Howarcd Wertheimer and Susan Turner -- were announcerd in mid-December. Lord said the new principals were promotedx from within the firm as part of a needed as the three primary principales were lookingtoward retirement. "It's really an opportunity for peoplde who have been here to own part oftheire company," Lord said. Turner, a new principalk and 11-year veteran with the specializes inhistoric preservation.
She said the expansion allows the firm to focusdon "building our bench depth, if you by enhancing "our specialized in the firm's three core so clients benefit from a greater knowledgwe base. Turner said the focus on strengtheningthe firm'ds three major practice areaxs doesn't eliminate the possibility of expanding into new practicew areas, but those particulars haven't been worked out yet. For the past sevenn years, Turner has been involved in the restoration of theGeorgia Capitol, which won an Atlanta Urban Desigb Award in 2000. "We just completeds all the public space, the House and Senate chamberds and theappropriations rooms.
We'vse done all the major publivc areas," she said, adding that the project woulxd nexttackle "work on the exterior restoratioj and cleaning." The extensive restorationn includes paint schemes and stencilzs that re-create the original decor of the 111-year-old Capitol, updating the legislators' desks with new microphone and voting technologies, and chandeliers and wall sconcez that replicate the originals.
Turner will continuwe to work on preservation projects acrossthe Southeast, but also will keep an eye out for historif projects in Michigan and North "We'll definitely focus on
The firm recently announced seven new principalz will join principals Larry Tony Aeck andTerry Sargent. the firm is expanding its geographicapl reach beyond Atlanta for the firstr time with twonew offices. The expansion will intensif the firm's focus on threde major practice areas: scientifidc buildings, educational facilities and historic preservation, said principapl Larry Lord. "The idea is to be able to serve a greater numberof clients" in thosde three arenas, Lord said. The expansion will requirs more employees atthe firm, which has grown from 61 employeeas in 1999 to 75.
"And we plan to continue to said Lord, adding that the firm is "currentl y trying to hire people." Lord, Aeck Sargent was formed in 1989 when Lord Sargent merged withAeck Associates. Aeck tracezs its roots back to 1936 when Richare Aeck founded a residential design firm that evolvedx into acommercial firm. The firm's new officde in Ann Arbor, Mich., is slated to open in and will house 10 to12 employees, Lord said. The impetuzs for a Michigan office was a personaol decision that fit withthe company's growthy strategy. Lord notes that principak Terry Sargent's wife was tappex to head the Ph.D.
architectural program at the Universitgof Michigan, and the Sargents' relocation plans fit with the company' desire to expand. "Wre wanted to serve the Lord said. A second office has already openexdin Raleigh, N.C., and will serve to strengthenh ties to the area that the firm has already established. The firm is currentlyg working ona $44 milliobn Medical Biomolecular Research Building at the University of Norty Carolina. "We had been working for the Universitty ofNorth Carolina-Chapel Hill, and Duke University, and a couplwe of corporate biotech start-ups," Lord said.
"It's an incrediblse place, and we decided to serve those clientsa better and place more importance up The North Carolina office evolved from a strategic alliancedthat Lord, Aeck & Sargent had alreadu established with a localk architectural firm. The office will house a new firm, calleed BJLAS Architecture PLLC, which stands for Jurkowski, Lord, Aeck & Sargent. The firm was "set up to pursue science-related architecture in North Lord said.
The office opened last but "they just got theit first project, a science building for Meredith The seven newprincipals -- Kent Brown, Joe Greco, Richarxd Robison, Jeff Schantz, John Starr, Howarcd Wertheimer and Susan Turner -- were announcerd in mid-December. Lord said the new principals were promotedx from within the firm as part of a needed as the three primary principales were lookingtoward retirement. "It's really an opportunity for peoplde who have been here to own part oftheire company," Lord said. Turner, a new principalk and 11-year veteran with the specializes inhistoric preservation.
She said the expansion allows the firm to focusdon "building our bench depth, if you by enhancing "our specialized in the firm's three core so clients benefit from a greater knowledgwe base. Turner said the focus on strengtheningthe firm'ds three major practice areaxs doesn't eliminate the possibility of expanding into new practicew areas, but those particulars haven't been worked out yet. For the past sevenn years, Turner has been involved in the restoration of theGeorgia Capitol, which won an Atlanta Urban Desigb Award in 2000. "We just completeds all the public space, the House and Senate chamberds and theappropriations rooms.
We'vse done all the major publivc areas," she said, adding that the project woulxd nexttackle "work on the exterior restoratioj and cleaning." The extensive restorationn includes paint schemes and stencilzs that re-create the original decor of the 111-year-old Capitol, updating the legislators' desks with new microphone and voting technologies, and chandeliers and wall sconcez that replicate the originals.
Turner will continuwe to work on preservation projects acrossthe Southeast, but also will keep an eye out for historif projects in Michigan and North "We'll definitely focus on
Wednesday, October 10, 2012
Furniture manufacturer expanding in Archdale - Pacific Business News (Honolulu):
oryucyjofec1482.blogspot.com
The New York-based manufacturer will investabourt $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terracee into a factory, according to Bonnie president of the Randolph County Economic Development Corp. The jobs that will be createdd will paybetween $14 and $15 per hour with full she said. Stickley officials did not return callsseeking comment, but Vice President Edwared Audi told trade newspaper Furniture Todayt that the expansion is a good signal abouy the company’s forecasts for the “We are cautiously optimistic about the future,” he told the paper.
“W e are already planning for the economic Renfro said her agency is workiny with other clientsshe can’ yet disclose that are interesteed in sites in the area, includinb one that could announce up to 125 new jobs sometimw this summer. “There are so many advantages in Nortnh Carolina and the Triad forfurniture companies, including our wonderful supply chain, the pool of the (High Point Market) itself and all our Renfro said. The expansion comes with only a minor cost to she noted.
Both Randolph County and the city of Archdalee agreed to each pay halfthe $11,250 cost of extendinfg natural gas lines to the new factory No other incentives were involved, she Renfro expects construction work to be finishexd this year and hiring to take placw in 2010.
The New York-based manufacturer will investabourt $880,000 in converting a 35,000-square-foot warehouse at 701 Eden Terracee into a factory, according to Bonnie president of the Randolph County Economic Development Corp. The jobs that will be createdd will paybetween $14 and $15 per hour with full she said. Stickley officials did not return callsseeking comment, but Vice President Edwared Audi told trade newspaper Furniture Todayt that the expansion is a good signal abouy the company’s forecasts for the “We are cautiously optimistic about the future,” he told the paper.
“W e are already planning for the economic Renfro said her agency is workiny with other clientsshe can’ yet disclose that are interesteed in sites in the area, includinb one that could announce up to 125 new jobs sometimw this summer. “There are so many advantages in Nortnh Carolina and the Triad forfurniture companies, including our wonderful supply chain, the pool of the (High Point Market) itself and all our Renfro said. The expansion comes with only a minor cost to she noted.
Both Randolph County and the city of Archdalee agreed to each pay halfthe $11,250 cost of extendinfg natural gas lines to the new factory No other incentives were involved, she Renfro expects construction work to be finishexd this year and hiring to take placw in 2010.
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