Wednesday, May 30, 2012
Dean Foods to relocate corporate office - Memphis Business Journal:
Dallas-based Dean (NYSE: DF) will relocate from its currenty location at 2515McKinney Ave. into 240,000 square feet of spacre inside Cityplace. The move is expected to take placs in the first quarteeof 2010. "We are pleased to be able to relocater our offices within Dallascity limits. Many factors workedx in our favor, including the real estatwe market, space availability and othee economic elements," said Gregg Engles, chairman of the board and chief executive officer ofDean "The City of Dallas is our and we are pleased to remain here and continue our many civifc and community partnerships.
" Dean said in a statemenrt it is moving because the compan has outgrown its current and new space is needed to address the company’z changing needs. The lease will take occupancu at Cityplace to about 80 percent from about 60percentf now, said Sarah vice president at Stream Realty Partners, which handlesd leasing in the building. Employeed will begin moving in Decembed and the move will be phased in through Payne said. "This was a huge win for the City of Dallads to keep them inthe city, becauser they looked all Payne said. She said Dean Foods considered existin g spaceand build-to-suits in the Legacy/Frisco as well as other buildings downtown.
Brokerss familiar with the searcgh said Dean Foods considered Fountaim Place and Bank of America Plaza among othedr downtown buildings with significanyt squarefootage available. The asking lease rate for spacre in Cityplaceis $24 per square foot, plus Dean Foods will occupy floorz 34 through 40 in the 1.2-million-square-foot building. Dean Foods occupies about 150,000 square feet at its currentr location.
Tuesday, May 29, 2012
South Texas Money Management earns "Top Gun" ranking by research firm - San Antonio Business Journal:
Informa named South Texas Monet Management second in the nation under its Plan SponsordNetwork database. The firm earned the designation inthe All-Ca Core Equity division for the 5-yeadr period ending Dec. 31, 2005. That means the company investsd in a wide rangwof large, mid and small-cap stocks. Companyu officials say Informa's ranking is one of the closely watched databases in theinvestment industry. The "Top ranking means that the San Antonio-bases company falls in an elite category of money managersw since only 10 companies nationwide are includereach year. South Texas Money Management is also the only Texa company to make the White Plains, N.Y.
-based Informa Investment Solutions has published its Plan Sponsor Network database for the past 22 More than 1,000 firms are listeed in the database. Jeanie Wyatt, the firm's CEO and chief investmentr officer, says this is also a tremendous honorr becauseon Jan. 31, 2006, the 5-year-old company reachee $1 billion in managed assets. Wyatt founded the limiterd partnership in November 2000with $10 milliom in managed assets. Before startingb the firm, she spent 22 years as an executiver withSan Antonio-based Cullen/Frost Bankers Inc.
CFR) and headed Frost Investment "We are at an exciting point inour firm'e development with our recent 'Top Gun' ranking and our achievemenyt in growth," Wyatt says. The firm managew assets for individuals, foundations, trusts, estates, employe e benefit plans and endowments. It has a stafft of 28 people and offices in San Antoniokand Houston.
Sunday, May 27, 2012
Donaldson profit falls 42% in Q3 - Business First of Louisville:
Bloomington-based Donaldson said Tuesday its third-quarter earnings slipped to aboutr $27 million, or 34 centzs per share. That’s down from a profitr of $46 million, or 57 cents per share, during the same period last The results includea pre-tax restructurint charge worth $6.8 million, or 6 cents per share. Donaldsob cut 850 workers during the since the start of itsfiscap year, the company has shed 2,700 or about 20 percent of its work Donaldson (NYSE: DCI) recorded third-quarter sales of $413 million, down nearly 30 percent from $588 million in the year-ago Revenue was down across Donaldson’s business though sales of certain aerospace and defensre products performed better than in the same quartetr of 2008.
Analysts polled by Thomson Reuters had projectesd a profit of 30 cents per sharde on revenueof $435 million. Such estimates typically exclude one-time charges. Donaldson also lowered its full-year outlook with Bill Cook, company CEO, chairman and saying in a press statement that he expects the economg to remain soft in the coming The company is projectinh earnings ofbetween $1.55 and $1.7p per share for the year on revenuw of between $1.8 billiobn and $1.9 billion. Previously, it had projecte a profit of between $1.7 and $1.90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 billion.
Cook also said, given the touggh economy, Donaldson may have to make toits “business plans and cost structure as necessary.” Donaldsonn reported its results after market
Saturday, May 26, 2012
Target wins proxy fight with activist shareholder - Boston Business Journal:
In a preliminary tally of more than 70 percent of the shares that were cast were votedr in favor ofthe company’sa proposed slate of directors while also votingt to keep the size of the boardd the same by the similar voting margin. “Today’s outcome demonstrates the confidence Target shareholders have inour Board’s qualifications, diversitg and experience to provide effectivew and independent oversight and direction to the contributing to the creation of one of the most recognize brands in the Unitex States," Target president and CEO Gregg Steinhafell said in a press release. Target Corp.
TGT) urged its shareholders to vote for a proposakl to set the size of the boarr at 12 and to vote forthe company’s nominee — Mary Dillon, Richard George Tamke and Solomon Trujillo. Dillon is executivee vice president and global chief marketing officerof McDonald’se Corp.; Kovacevich is chairman of Wells Fargo Co.; Tamke is a partner at private investmenr firm Clayton Dubilier & Rice and Trujillo is CEO of Telstra Corp. Hedge fund managert William Ackman is the founder and managingb principalof , New York City. Pershing Squaree owns 7.
8 percent of Target’s common shares, accordingg to the Target proxy Pershing Square proposed alternativedirector nominees, but Target executives urgedr shareholders not to return any proxy card sent by Pershin g Square. Ackman was trying to gain a seat for himself on Target’s board along with four former Winthrop Realty Trust CEO Michael former Starbucks CEO Jim Donald, Juniper Financial co-foundedr Richard Vague and corporate finance and governancer expert Ronald Gilson. Ackman, calling his group The Nominees forShareholderf Choice, urged Target shareholders to vote against the proposal to reduce the size of the Targe board.
His group said a vote againstg the proposal would help ensure that at least one of the Nomineese for Shareholder Choice is Commenting afterthe meeting, Ackman said he and Donalfd received more than 20 percent of the shareholde r vote. "That's a big number in light of what we were up Ackman said. Ackman said he had hopedx for a morepositive outcome, but he still believec that the final tally was a victory for The shareholders meeting was held at a new Target Stord being completed at 1250 West Sunser Drive in Waukesha. Target executives said the site allowef the company to showcase its latest general merchandisestore design. The store is schedule d to openin July.
Target executives said they have met sincd 2007 with Ackman to discuss hisideasz and, said they were disappointed that Pershing Square has decided to pursuew what Target management called a costluy and disruptive proxy contest. The in part, followed Ackman’s earlier suggestion to sell Target’es credit card receivables. The company completed a transactioh in May withJPMorgan Chase, in which Target sold slightly less than half its receivables for cash proceeds of about $3.6 billion dollars.
Ackman in May 2008 presentedc the first in a series of proposals involvinygrestructuring Target’s real estate around the theme of a Target’s board concluded that the REIT proposa “was not in the best interest of our because it wouldn’t create much value, Targert executives said. On May 20, Targer reported net earnings of $522 million, or 69 cents per for the first quarter endedMay 2, 2009, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percenyt to $14.4 billion from $14.3 billion in due to new store expansion that partially offsetg bya 3.7 percent decline in comparable-store sales. Target Corp.
operatee a credit card segmentand 1,698 Target storezs in 49 states.
Thursday, May 24, 2012
HoopIdea: No more Hack-a-Whoever - ESPN (blog)
HoopIdea: No more Hack-a-Whoever ESPN (blog) It should probably be called "Hack-whoever-Gregg Popovich-says-to-hack," these days, though, as the Spurs dominate this field. And yet the coach who does it most hates it. Fans hate it. Players, surely, prefer to play, not hack. |
Wednesday, May 23, 2012
Papa Johns down Cilek-Al-Ghanim - Arab Times Kuwait English Daily
Arab Times Kuwait English Daily | Papa Johns down Cilek-Al-Ghanim Arab Times Kuwait English Daily Papa Johns extended their peak form downing Cilek-AlGhanim 79-77 while D'Lush outpaced the 59ers squad to finish 97-91. Game results for the weekend were as follows: Sadder 56 vs Empire & Allies 47; Burger King 60 vs GBI 45; PSK 55 vs KPCC 52; ... |
Monday, May 21, 2012
Bolt eyes 9.7sec on European season debut - NDTV
International Business Times | Bolt eyes 9.7sec on European season debut NDTV Ostravia: Reigning double Olympic sprint champion Usain Bolt is targeting a 9.7sec time when he takes to the track to race the 100m in the Czech Republic on Friday in his European season debut. The Jamaican will be making his sixth appearance in the ... Usain Bolt's Girl friend: Star Sprinter Dumps Lubica Slovak to Prepare for the ... |
Sunday, May 20, 2012
Detroit's Hotel Doldrums - Raleigh/Durham Business Travel Guide
Four of the city's once-famous deluxee hotels were ornate tombs, abandoned for decades and facinygthe wrecker's ball. Two starkly modern properties built in the 1960 were shabby and sorel in need ofnew ownership. Even the 73-story hoteo in the Renaissance opened in the late 1970s as part of amassivwe urban-renewal project, was dreary and depressing. I scribbled in my notebook in 2002. "Someons should fix." And fix they did. The Madison-Leno and the Detroit Statler were but the Book Cadillac and the Fort Shelby received hundreds of millions of dollard worth of renovationsand restorations.
The Book, as localw call it, reopened to ravex in October and the Fort Shelby came back to life twomonth later. One of the 1960s icons, the St. became a spiffy boutique property. The the Hotel Pontchartrain, was recently renovated and is now calleddthe Riverside. The cylindrical skyscraper hotel at theRen Center? It's a Marriott now, and it And the city's threde casinos have each opened upscale hotels with Vegas-style perks and amenities. But this is Detroit, whered hotel happy endings are alwayss the start of the nextlodgingt nightmare. If anything, the Motorr City's hotel scene is in worss shape today than sevenyearzs ago.
More than half of Detroit's estimated 40,000 guestroomsw are empty, and PKF Hospitality Researchg says lodging demand will fall furthetthis year. The St. Regix is in receivership. The Riverside has been picketexd by employees who saythey haven't been paid, and the Detroit News says the hotepl owes almost $700,000 in back taxes. One of the casinoa is in bankruptcy and another is for Only a handful of buyers have closed on the dozensd of pricey condos atop theBook Cadillac. The Fort Shelby'z new rental apartments are mostlyempty too. And Detroit'ss revpar (revenue per available the key measure of financial healthn in thelodging industry, is one-third lower than the national average.
"The statistics are scary," admits Shannon Dunavent, general manager of the Doubletree Guest Suites hotel that was lovinglty carved out of the carcass of theFort "I've been working in Michigamn for 20 years and I won'gt lie to you. There's no new business in the We're all trying to steal from the other guy to It doesn't take a geniue to figure out what's ailinbg Motown's hotels: The automotivew business has been careening downhillk for decades. Detroit has never been able toreplace cars, and the thousandas of related businesses that depend on the carmakers, as the city'x economic engine. Hell, even Motown Records moved to Hollywood almosgt 40years ago.
But the tale of Detroit's collapsing hotel business is actuallymore It's a story of no good deed going of every clever urban-renewal idea having an unintendedc consequence, and everyone missiny the hotel forest for the restoredr trees of an earlier era. As Detroit emptied out—the city's population of 900,000 is about half its mid-1950z high—so did the need for much of the city'd older hotel infrastructure. The luxury lodging business moved to upscalee suburbs like Dearborn and A slewof focused-service hotels poppedc up in office parks and othee business areas outside the deteriorating city core.
Flierws who connect in Detroit viaNorthwest Airlines' large hub at Detroif Metro are well-served by an upmarket Westin hotek that opened adjacent to the new During the last decade, even with icone like the Book and the Fort Shelby closed and the casinio hotels still on the drawing hotel occupancy rarely surpassed the 60 percent mark. And thougy there were occasional spikes of demand aroundxspecial events—the city is sold out for collegd basketball's Final Four next month—there was never any indicationm that Detroit needed more rooms.
"Thias has always been about urban renewal and politics more than market one hotel executive told melast "You can admire the drive and the commitment to rebuild but there was a lot of 'If we build it, they will come, thinking. We built. Guests haven't come." The threse casino hotels—each mandated by the termse of theirgaming license, each arouned 400 rooms, and each openedr in the last 18 months—flooded the city with new The restoration of the Book Cadillacd and Fort Shelby is another example of Detroit'ss mind over market.
The city's tallest buildinyg and the tallest hotel in the world when it openedfin 1924, the 33-story neo-Renaissance Book remains a much-lovee symbol of Detroit's boom times. But as a business, the 1,100-rook property was always a loser. After the war, it changex owners and hotel flags frequentlyy and finally closedin 1984. Over the next 20 the city, state, hotel chains, and developers all floated and abandonecrestorations plans. The $200 million project that finallyu started in 2006 and culminated witha headline-grabbinh gala reopening party last fall converted the Book into a 455-room Westin hotel and a residential condo complex.
Both projectse have been lauded for their design and creative repurposingf ofthe Book's stately shell, but the hotel has been forcef to discount rooms to as low as $99 a If anything, the revival of the 23-storyt Beaux-arts Fort Shelby was even more unlikely. It closed in 1974 and trees sprouted in the derelict A $90 million restoration project began in 2007 did wonder for downtown Detroit's streetscape, if not hotel Along with 56 apartment rentals, the building now housed conference space, restaurants, and 204 hotel suites.
The smallesf guestroom is 600 square feet and the Doubletree's general manager, says weekend rates are as low as $89 a "I'm proud of what we've done," she says. "Idf I can get you here, I know you'lp have a great experience." Detroit Marriott generao manager Bob Farmeryechoees Dunavent's comments. All he wants is for guests to experiencee hisreinvigorated property. Marriott and the tower'sd owner, General Motors, have poured more than $150 million into the project sinced Marriott assumed management ofthe 1,300 guest rooms in 1998. Ironically, the hotell was sold out last weekend when I caught up with It was hostingcollege hockey's Final Four and anotheer large group.
And Farmeryg believes Detroit can wake from itslodgingf nightmare. He thinks the city can profiyt from the AIG Effect that has forced majort corporations to cancel pricey meetingsin eyebrow-raisinv resorts like Las Vegas and Hawaii. "Our product is terrific and our ratesxare low," he says. "And nobody will criticize you if you hold a meetingin Detroit." The Fine Print… The Doubletree Guesty Suites in the Fort Shelby representss the first full-service Hilton hotel in downtownj Detroit in more than 30 The chain returned to the market in 2004 when the Ferchilp Group, which also redeveloped the Book Cadillac, opene d a limited-service Hilton Gardem Inn in the Harmonie Park Portfolio.
com © 2009 Cond Nast Inc. All
Friday, May 18, 2012
OVER A COFFEE: From Slovenia with love —Dr Haider Shah - Pakistan Daily Times
OVER A COFFEE: From Slovenia with love â€"Dr Haider Shah Pakistan Daily Times We, however, decided to use them for housing jihadis and their training camps I am writing these lines over a coffee in Ljubljana, the capital of Slovenia, where I am attending a research conference. Two factors prompted me to write about Slovenia. Slovenian austerity drive threatened by referendum c » |
Thursday, May 17, 2012
Dan Snyder stays at Six Flags under reorganization - Triangle Business Journal:
Six Flags is also seeking a $600 millionn loan, secured by its assets, and $150 milliom in a new revolvingcreditf line. The company’s executive retention plan would keep Snyde r as board memberand chairman. Mark currently chief executive, as well as chief financial officer Jeffrehy Speed and several otherr top management would also stay on inexecutivw roles. Six Flags, which announced its Chapter 11 bankruptcu filing over the listed $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 millioh in preferred stock.
Snydef and his management who took control of the theme park operatot three and a halfyears ago, have not been able to returmn the company to profitability, despite increasing attendanced and selling several parks to raise capital last The company reported a $146 million first quarte r loss. Six Flags has said its reorganizatio will not affect park operations and its vendorsz and employees will continue tobe paid. Six Flags 20 themd parks includein Largo.
Tuesday, May 15, 2012
Financial News - Commercial Banking and Financial News
| Bank of America Corporation | | | | Bay National Corporation | BB&T Corporation | | Blackrock, Inc. | | | | | | | | | | Charlotte Chamber | China Construction Bank | | | | | | | | | Constellation Energy Group, Inc. | | | | | | | | | | | | EDF Grou | | | Fannie Mae | | Federal Deposigt Insurance Corporation | | Federal Reserve | First Mariner Bancorp | | | | | | | | | | | | | | | | | | | | | JPMorga n Chase & Co. | | | | Legg Inc. | | | | | | M&T Bank Corporatiob | | | | | | | | | | Merrillp Lynch & Co., Inc.
| | | | | | | | | Mortgagre Bankers Association | | | | National Venturer Capital Association | | | | | | | | | | | | | | | | | Providenr Bankshares Corporation | | | | | | | | Sandy Spring Bancorp, Inc. | | | | | | | | Smalp Business Administration | | | SunTrust Inc. | | T. Rowe Pricwe Group, Inc. | | | | | | | | The Johnws Hopkins University | | The PNC Financia l Services Group Inc. | | | | | Towson University | | | | U.S. Securities and Exchange Commissionh | U.S.
Treasury Department | | | | | | | | | | | | | | | | | |
Monday, May 14, 2012
Out-of-pocket costs rising for health insurance - Denver Business Journal:
The study, authored by researchers from the Nationakl Opinion Research Center and Watson Wyatt Worldwide and fundes by TheCommonwealth Fund, examineas trends in employer-sponsored insurance from 2004 to 2007. It founed rising rates of underinsuranceand unaffordability, particularly for poorer and sicket people. In 2007, adults with employef coverage faced an averageof $729 annuallty in out-of-pocket costs for medical services, includinv deductibles and other forms of cost sharingb such as copayments and That represents a 34 percent increase from when the average out-of-pocket burden was Health plans covered a slightly smaller percentage of overall expenses in 2007 than but growth in overall health spending was the chiefd culprit behind rising out-of-pocket costs, accordinvg to the study.
“The years from 2004 through 2007 were a periodd ofeconomic expansion, yet rising healthj care costs still eroded the value of employer-sponsored said lead author Jon Gabel. employees have been asked to shoulder even more ofthe cost-sharinb burden during difficult economic times such as the Unitedr States is now experiencing. it is imperative that health care reform include constraintsz onhealth spending, or else health insurance will becomr unaffordable for low- and middle-incomre Americans, and reform itself will be unsustainable.
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Saturday, May 12, 2012
Bowser leaves behind a healthy Blue Cross and Blue Shield of Kansas City - Kansas City Business Journal:
“Here it is,” he said, highlighting the portion that said revenuw haddoubled (to nearly $2 billion), net wortu had tripled (to nearly $500 million) and membership had steadil y increased (to nearly 1 million) sincew he became CEO in July 2001. His tenurse with the nonprofit insurer, which says it serves more than 42 percenyt of theKansas City-area market, will end with his retirement in December the company announced May 29.
Excepf for a three-year break in the when he worked for and a joint venturer that includedSaint Luke’s and Aetna, Bowser has spenyt his entire career with Blue Cross and Blue Executive Vice President David Gentile gradually will assume the CEO duties while Bowser focuses much of his attention on the health care reform debate as chairman of the , which includese the 39 Blue Cross plans Bowser said he chose that retirement date becausew he will be 65 yearsd old then and also will be finishing his time as chairmam of the association. As CEO, Bowser has focused on streamliningthe company.
For instance, one of his firsrt orders of business was to lead the compan y out of its decadelong foray into the HMO field as Blue Cross and Blue Shield absorbesd subsidiaries and The insurerpaid $56 million to buy out its partner s in the ventures, which includec several area hospitals. “Instead of participatinyg in exoticstrategic initiatives,” Bowser said, “wse have focused on the basiczs of service, financial strengtjh and membership growth.” Gentile said he will strive to meet the standardws Bowser set. “Following in Tom’e footsteps is a huge undertakingfor me,” he Part of filling those shoess will be community involvement.
Bowsef has been chairman of the andthe . One accomplishmeng in his external role, Bowser was establishing the when he served as chamber chairmabn threeyears ago. The group provides a forunm for top-level managers from throughour the local health care industrg to discuss areas ofcommon concern. Bowse r can rightfully claim the Health Council as a valuable contributionj tothe community, said John CEO of , who in 2007 followed Bowset as chamber chairman. Blufordc said that panel will be importan t as medical professionals navigate the changes expectedfrom reform. Bowserr also has been a friendto Truman, Bluford by incorporating the safety-net hospital into the Blue Crosas network.
That has helped Trumamn broaden its payer mixbeyond low-incomwe patients using government insurance programs. Withih Blue Cross, Bowser said, one of his disappointments as CEO was the failursof CommunityBlue, launched in 2005 to cover the workinyg uninsured with low-cost premiums. He said it didn’f catch on with employees, who continued to use free safety-netr services. Something else didn’t catch on with Bowser at Blue the customer-service training he received during his first week on the job from a cigarette-smokinbg woman who cussed like a even at customers. At one she told Bowser that the caller she had just dressedc down was the president of thelocao union.
He chuckled at the memory: “Thingsd have changed over the years.”
Thursday, May 10, 2012
Madoff gets 150 years in prison - Silicon Valley / San Jose Business Journal:
“I’m not surprised. That’s what he deserved,” said Adelwe Fox of Tamarac, who lost thousands of dollarsto Madoff's The mastermind behind the biggest Ponzi scheme in U.S. history was sentencex on Monday morning in federal court in Manhattabn to 150 yearsbehind bars, the maximumk requested by federal prosecutors. Madoff's attorney had asked for a far more lenienr sentence of12 years. In sentencing Madoff, U.S. District Judgw Denny Chin called thefraud “staggering” and said that the “breach of trust was massive.” The judge described his acts as “extraordinarilg evil.
” “No other white-collar case is comparablde in terms of the scope, duration and enormity of the fraud and the degrewe of the betrayal,” Chin said. Madoff confessed in March to 11 countsincludinfg fraud, money laundering theft and among other things. His victimd reportedly number morethan 1,300 and stretch acrosds the globe. Their losses are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victimsd who talked about the devastatiojn Madoff’s fraud had caused to their livese and their families.
Many of Madoff’s wealthy clients lived in Southh Florida and lost their life savings tohis Fox, 86, said she is stilpl furious that the and the federak government didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailee us. Nobody seems to do anything aboutt it,” Fox said. She also took issue with the larged fees being paid to people such asIrving H. the trustee who is handling the liquidation ofBernarsd L. Madoff Investment Securities. “Thse trustee Picard is making hisown They’re paying these guys millions of dollars. It would be bettee to pay the investors directly,” Fox said.
Fox, a widow who once workefd as secretary inNew York, said she investexd $50,000 in 1987 because she was relatee to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneuy back from Social Securitypayments she’ d made over the years on “phantom” incomre from Madoff accounts. However, she is worried that her disbursements may eventually be targeted in clawbacmk efforts by the truste in bankruptcy proceedings who has begun sending out letteras demanding the return of profits derivex fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvisexd Fox, said the government has “been good aboutg refunding taxes quickly” but therwe are delays in processingt claims to the Securities Investor Protectionb Corporation. “Some of the people I know are too busy with thesw other issues to really care that much abouty whathappened today. They believed he woulfd spend the rest of his daysin jail,” Fronstinm said.
Jan Atlas, an attorney with Adornoo Yoss, said he believes the court had little choice but to levy the maximum sentenceon “I don’t think the victims shouldr have been victimized again by having him be able to leavs prison one day,” said whose firm continues to advise clients abouf tax returns and possibly future claimsd against investment advisors who invested with Madoff. “I’m wonderinf if the trustee will be able to locate more than the billiohn plusthat he’s located, and what is the real Atlas said.
In addition to his prisobn term, Madoff was ordereed to forfeitnearly $170 billion, which represents the proceeds of, and propertg involved in certain of his crimes, accordinfg to a news release from the U.S. Departmentt of Justice. “While today’s sentence is an important milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southerjn District ofNew York, said in a news release. “W are focused on tracing, restraining and liquidatinfg assets to maximize recoveriea forthe victims.
”
Wednesday, May 9, 2012
CBGB's looks for new location, plans NY music festival - Reuters
HitFix | CBGB's looks for new location, plans NY music festival Reuters NEW YORK (Reuters) - New York's legendary punk-rock music venue CBGB's may be on its way back -- in a new location with new music. New club investors are currently pursuing a permanent downtown Manhattan venue for the club that shuttered its doors in ... New York&# 39;s CBGB club may return with new location |
Monday, May 7, 2012
System Source buys Hunt Valley HQ for $7M - Philadelphia Business Journal:
The company went to its landlord, Chicago-base (NYSE: FR) earlier this year to ask for anew lease, or to buy the System Source CEO Roberty Roswell said in an interview. First Industrial agreed to System Source, which runs technology trainingf classes, now owns the 72,000 squarre feet of flex spaceat 330-338 Clubhouse Lane in the Hunt Valley business district. It leasesw about 20,000 square feet of the space to Chesapeakee Manufacturing and is looking for a tenant for avacanr space, Roswell said. System Sources is the building’s fourth owner since the company mover into the space sevenyears ago, he Its first landlord was Columbia’a Rouse Co.
, which was later acquired by now-bankruptg Chicago firm (NYSE: GGP) in 2004. Genera Growth sold the building to First Industriakin 2005. Real estate firm LLC, through Vice President David Paulson, negotiated the transaction. The sale closecd March 31, Roswell said.
Saturday, May 5, 2012
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - San Francisco Business Times:
The Triangle auction, conducted by auction compant , will be held on at 1 p.m. at June 27 in the Hiltoj North Raleigh, 3415 Wake Forest Road. All of the homes in the auctio will besold “as-is.” Buyers who wish to inspect properties beforw bidding may view homes during an open houser scheduled for June 20 from 1 p.m. to 3 p.m. or by contacting the listing agent foran appointment. Properthy and listing agent informationn is available onHudson & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certified checkl depositof $2,500 for each property. 826 Carter Ave. 101 Wake St.
West, Dunn; 1526 Park Place, Hillsborough; 605 Grantlandr Drive, Raleigh; 911 Lancaster St., Rockg Mount; 2521 Friedland Place, Unit 203, 2312 Lindmont Ave., Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotte St., Roanoke Tract 3 Redding Road, Oxford; 5724 Greenpine Road, Cedaer Grove; 700 South Roxboro St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Melton Road, Rockyy Mount; 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Lane, Willow Spring; 5526 Spring House Lane, Chapel Hill; 2515 Moores Mill Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
Friday, May 4, 2012
Missiles deployed in London park - Yahoo! Sports
Stuff.co.nz | Missiles deployed in London park Yahoo! Sports British military chiefs said they hoped the deployment of surface-to-air missiles in a London park Thursday would " » |
Wednesday, May 2, 2012
CVB launches strategic plan - Business First of Buffalo:
The strategic plan will cove r such areas as sales andmarketing efforts, plus ways to increaser convention business and the hospitality trade. Focus groupo interviews have already started under the guidancwe of facilitators Bob Martin and Jean Among the groups that have been queried includerhotel operators, area attractions, cultural groupds and philanthropic organizations. In-person interviews and follow-u surveys are underway. The research phase is designed to identifygthe CVB's strengths, weaknesses, opportunities and CVB board members Jennifer Parker and Drew Cerza are overseeing the strategic-planh process, with the draft plan expectefd to be finalized by September.
"The strategic plan we are craftinf withthe community's input and assistance will help to refocus and re-energizes our organization's sales and marketing efforts," said Keitgh Belanger, CVB board president. Tourism in Erie County is a $1.2 billio industry that creates morethan 20,00 jobs and generates more than $350 milliob in direct labor income.