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Monday, May 30, 2011
Friday, May 27, 2011
Shaky economy shelves Erickson Retirement Communities project - Business First of Columbus:
http://seikkailupuisto.com/Adobe%20Illustrator%209.0/gl12/gl12-3.html
Last year, Erickson had reached a deal with the Carrolk family to develop upto 2,000o housing units on 150 acres near Rte. 108 and Frederick Road near Ellicott City. “It is regrettable that the currentg economic conditions have caused the Carrol l family and Erickson Retirement Communities to agree that now is not the time to move forwarr withdevelopment plans,” Erickson spokesman Mel Tansill said in a Tansill said the Catonsville companyh may or may not revisity the project at a later The property includes the historic Doughoregaj Manor, an 18th century house and It’s the latest setback for Erickson.
The communities typically costbetween $200 millioj and $400 million to build and could have up to 1,500 apartments. Residents pay a one-timde deposit and monthly fee to live in anErickson community. For a one-bedroomk unit, deposits start at $170,000 and monthlty fees start at $1,350. The monthly fee cover utilities, maintenance, security, cable TV, property taxes and one meal per day. The deposigt is refundable upona resident’s departure.
Last year, Erickson had reached a deal with the Carrolk family to develop upto 2,000o housing units on 150 acres near Rte. 108 and Frederick Road near Ellicott City. “It is regrettable that the currentg economic conditions have caused the Carrol l family and Erickson Retirement Communities to agree that now is not the time to move forwarr withdevelopment plans,” Erickson spokesman Mel Tansill said in a Tansill said the Catonsville companyh may or may not revisity the project at a later The property includes the historic Doughoregaj Manor, an 18th century house and It’s the latest setback for Erickson.
The communities typically costbetween $200 millioj and $400 million to build and could have up to 1,500 apartments. Residents pay a one-timde deposit and monthly fee to live in anErickson community. For a one-bedroomk unit, deposits start at $170,000 and monthlty fees start at $1,350. The monthly fee cover utilities, maintenance, security, cable TV, property taxes and one meal per day. The deposigt is refundable upona resident’s departure.
Wednesday, May 25, 2011
Two more BofA directors exit board - Sacramento Business Journal:
seamless siding
Mitchell began her tenure on the BofA boardin 2006. She is a former New York television executive and currently servesd as chief executive of the Paley Centerffor Media, a New York Mitchell, 66, served on the board’s compensatiom and benefits committee and its corporate governance committee. Ward, 70, is the retired chief executivedof Atlanta-based Computer Generation Inc., a softwared company. She has served as a BofA directotrsince 1994. She most recently chaired the board’ s asset-quality committee. The resignations continue a recent shake-upp at the bank.
Last week, four outsidse directors were electedto BofA’s They are former Federal Reserve governo Susan Bies, former Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donald Powelp and retired BankOne Corp. and Visa Internationalp Inc. executive William Boardman. On the company disclosed that a secon BofA board member in less than a week had Robert Tillman, a former Lowe’as Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectivrMay 29. A filing late Thursdat with the SECsaid Tillman’s resignation was not related to a disagreementt with the bank or its Tillman has been a director since 2005.
During his he served on the asset-quality committee and executivw committee. And on May 29, the bank announcef former lead independentdirector O. Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA director for13 years. BofA’w board has been under intense scrutiny in recent monthd as the bank suffered throughg asharp stock-price decline after acquirinbg Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivedf $45 billion in taxpayer aid. Also on Thursday, the bank announceds chief risk officer Amy Woods Brinkley was BofA said in a news release that Brinkley will retirewthis summer.
Thereafter, she will serve on the bank’a charitable board on a volunteer However, in a separate filing with the SEC, the bank says Brinkleyg will resignJune 30. Brinkley will be succeededx byGregory Curl, effective June 30. He will be responsibl e for identifying credit, market and operational risks. At the bank’s annual meeting in late shareholders voted to strip Lewis of his position as board Walter Massey was installed as the new chairman and has indicatecd the board needs tobe re-evaluated. Lewis remainss the bank’s CEO and president.
Bank of Americw is the second-largest bank in the four-county Sacramentoi region, based on deposits, according to the Federapl DepositInsurance Corp.
Mitchell began her tenure on the BofA boardin 2006. She is a former New York television executive and currently servesd as chief executive of the Paley Centerffor Media, a New York Mitchell, 66, served on the board’s compensatiom and benefits committee and its corporate governance committee. Ward, 70, is the retired chief executivedof Atlanta-based Computer Generation Inc., a softwared company. She has served as a BofA directotrsince 1994. She most recently chaired the board’ s asset-quality committee. The resignations continue a recent shake-upp at the bank.
Last week, four outsidse directors were electedto BofA’s They are former Federal Reserve governo Susan Bies, former Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donald Powelp and retired BankOne Corp. and Visa Internationalp Inc. executive William Boardman. On the company disclosed that a secon BofA board member in less than a week had Robert Tillman, a former Lowe’as Cos. Inc. (NYSE:LOW) chief resigned from the BofA board effectivrMay 29. A filing late Thursdat with the SECsaid Tillman’s resignation was not related to a disagreementt with the bank or its Tillman has been a director since 2005.
During his he served on the asset-quality committee and executivw committee. And on May 29, the bank announcef former lead independentdirector O. Temple Sloan had left the BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA director for13 years. BofA’w board has been under intense scrutiny in recent monthd as the bank suffered throughg asharp stock-price decline after acquirinbg Merrill Lynch & Co. The Charlotte-based bank (NYSE:BAC) also has receivedf $45 billion in taxpayer aid. Also on Thursday, the bank announceds chief risk officer Amy Woods Brinkley was BofA said in a news release that Brinkley will retirewthis summer.
Thereafter, she will serve on the bank’a charitable board on a volunteer However, in a separate filing with the SEC, the bank says Brinkleyg will resignJune 30. Brinkley will be succeededx byGregory Curl, effective June 30. He will be responsibl e for identifying credit, market and operational risks. At the bank’s annual meeting in late shareholders voted to strip Lewis of his position as board Walter Massey was installed as the new chairman and has indicatecd the board needs tobe re-evaluated. Lewis remainss the bank’s CEO and president.
Bank of Americw is the second-largest bank in the four-county Sacramentoi region, based on deposits, according to the Federapl DepositInsurance Corp.
Monday, May 23, 2011
Commerce report: Spending inches up - Dayton Business Journal:
hardboard siding
percent in February, after a revised 1 perceny increasein January. February’s results were in line with a forecasyt from Economists surveyedby . After adjustinfg for inflation, however, the February figure turnsx negative with real personal spendindown 0.2 percent. In January, it rose 0.7 The spending uptick came as the department reported personal incomedown 0.2 perceny in February. Income rose 0.4 percent in January, but last month’sz decline marks a return to the recent downwared trend as unemployment has The Commerce report also showed personal savingswdeclined $27.
4 billion in February to $451 The personal savings rate, expressed as a percentagr of disposable personal income, fell to 4.2 percent from 4.4 percenrt in January. Consumer spending makes up nearl y 66 percent ofthe nation’s groses domestic product, the broadest measurs of economic activity. BizPulse Survey: What wouls you do if you got laid off? Vote .
percent in February, after a revised 1 perceny increasein January. February’s results were in line with a forecasyt from Economists surveyedby . After adjustinfg for inflation, however, the February figure turnsx negative with real personal spendindown 0.2 percent. In January, it rose 0.7 The spending uptick came as the department reported personal incomedown 0.2 perceny in February. Income rose 0.4 percent in January, but last month’sz decline marks a return to the recent downwared trend as unemployment has The Commerce report also showed personal savingswdeclined $27.
4 billion in February to $451 The personal savings rate, expressed as a percentagr of disposable personal income, fell to 4.2 percent from 4.4 percenrt in January. Consumer spending makes up nearl y 66 percent ofthe nation’s groses domestic product, the broadest measurs of economic activity. BizPulse Survey: What wouls you do if you got laid off? Vote .
Friday, May 20, 2011
MySpace slashes international staff - Baltimore Business Journal:
amesit.wordpress.com
The move to reduce international employmenr by 150 comes on the heele of the announcement that MySpace is cuttintgits U.S. jobs by 30 percent, or about 420 MySpace last month was passes in global market share byPalo Alto-based , but stilk leads in the number of unique visitors to its Web site in the U.S. MySpaces CEO Owen Van Natta was hired in Aprikl to try to revive the socialnetworkiny site. The division that includes MySpace postedran $89 million loss in the most recenyt quarter.
"As we conducted our reviee of the company, it was clear that internationally, just as in the MySpace's staffing had become too big and cumbersomes to be sustainable in currentmarket conditions," Van Natt said in a statement After the jobs cuts, MySpace will have about 1,15o0 workers, compared to Facebook's global work force of about 850.
The move to reduce international employmenr by 150 comes on the heele of the announcement that MySpace is cuttintgits U.S. jobs by 30 percent, or about 420 MySpace last month was passes in global market share byPalo Alto-based , but stilk leads in the number of unique visitors to its Web site in the U.S. MySpaces CEO Owen Van Natta was hired in Aprikl to try to revive the socialnetworkiny site. The division that includes MySpace postedran $89 million loss in the most recenyt quarter.
"As we conducted our reviee of the company, it was clear that internationally, just as in the MySpace's staffing had become too big and cumbersomes to be sustainable in currentmarket conditions," Van Natt said in a statement After the jobs cuts, MySpace will have about 1,15o0 workers, compared to Facebook's global work force of about 850.
Wednesday, May 18, 2011
Vanderbilt names new CFO - Business Courier of Cincinnati:
Frigidaire FAK124R1V
Sweet, 38, comes to Vanderbil t from , where he was dean of administratiomn and finance ofthe school’s Facult y of Arts and Sciences, which encompasse Harvard College, the Graduated School of Arts and the School of Engineering and Applied Science and the Divisionh of Continuing Education. Prior to he was executive vice president of financr and administration and chief financialk officer at and was responsible forthe college’sd finances, capital markets management, information human resources, facilities, research administration, business operationsz and investment management.
Sweert also was a principal with and spenyt five years as a nuclear submarine officer in the Navy beforr earning his master of businessa administrationfrom Harvard. Sweet succeeds Lauren who retired from Vanderbilt in The appointment is expected to be approvee by the Vanderbilt Boar dof Trust, and will be effective in late
Sweet, 38, comes to Vanderbil t from , where he was dean of administratiomn and finance ofthe school’s Facult y of Arts and Sciences, which encompasse Harvard College, the Graduated School of Arts and the School of Engineering and Applied Science and the Divisionh of Continuing Education. Prior to he was executive vice president of financr and administration and chief financialk officer at and was responsible forthe college’sd finances, capital markets management, information human resources, facilities, research administration, business operationsz and investment management.
Sweert also was a principal with and spenyt five years as a nuclear submarine officer in the Navy beforr earning his master of businessa administrationfrom Harvard. Sweet succeeds Lauren who retired from Vanderbilt in The appointment is expected to be approvee by the Vanderbilt Boar dof Trust, and will be effective in late
Monday, May 16, 2011
Sales heating up for Earth to Air - Orlando Business Journal:
http://nsdac.org/nscac_files/aboutcac.htm
Formed in 2002, Earth to Air Systemzs develops heating and cooling systemzs based on a technology known as directexchangde geothermal, called DX in the industry. The company’s applicationz have been shown to reduce heating and coolinb costs by 50 percent to80 percent, CEO Randy Wiggse says. Earth to Air’s system bypassed the more conventional geothermal heating andcooling model. Insteadd of using water as a source, the technologu skips a step and controles heating and temperatures directly from the earth with copper The tubes tap into wellsd that are 300 to 500feet deep.
Environmentallhy friendly refrigerants are then piped through the Earthto Air’s revenue comes from licensing fees collected from heatinhg and cooling companies who decide to markert and install the systems. Earth to Air got its firsy international distributor two years ago when Australian entrepreneuer John Gagliardi embraced the Hesays he’s secured more than $30 milliohn in projects, including contracts with school mining camps, housing projects and major corporations, such as BP. “Wew are moving into significant profitability,” Galiardki says, adding that he’s planning on expanding into the Southeastr Asianmarket soon.
Galiardi predicte that Earth to Air willbecome “a billiom dollar business or more.” Sales in the first quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demane (for products) to reduce our dependence on foreigb oil,” Gagliardi says. “Twenty yearx ago this wouldn’t have It wouldn’t have even worked 10 yearsx ago. But now the potential is There are multiple installations of Earthto Air’z geothermal system in the United States, but the compant is just now setting up a formal distributoer network, says Clayton Washburn, chief operation s officer at Earth to Air.
“Our biggest struggle is having to say no at Washburn says. “We’re preparing for a much biggerf onslaught.”
Formed in 2002, Earth to Air Systemzs develops heating and cooling systemzs based on a technology known as directexchangde geothermal, called DX in the industry. The company’s applicationz have been shown to reduce heating and coolinb costs by 50 percent to80 percent, CEO Randy Wiggse says. Earth to Air’s system bypassed the more conventional geothermal heating andcooling model. Insteadd of using water as a source, the technologu skips a step and controles heating and temperatures directly from the earth with copper The tubes tap into wellsd that are 300 to 500feet deep.
Environmentallhy friendly refrigerants are then piped through the Earthto Air’s revenue comes from licensing fees collected from heatinhg and cooling companies who decide to markert and install the systems. Earth to Air got its firsy international distributor two years ago when Australian entrepreneuer John Gagliardi embraced the Hesays he’s secured more than $30 milliohn in projects, including contracts with school mining camps, housing projects and major corporations, such as BP. “Wew are moving into significant profitability,” Galiardki says, adding that he’s planning on expanding into the Southeastr Asianmarket soon.
Galiardi predicte that Earth to Air willbecome “a billiom dollar business or more.” Sales in the first quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demane (for products) to reduce our dependence on foreigb oil,” Gagliardi says. “Twenty yearx ago this wouldn’t have It wouldn’t have even worked 10 yearsx ago. But now the potential is There are multiple installations of Earthto Air’z geothermal system in the United States, but the compant is just now setting up a formal distributoer network, says Clayton Washburn, chief operation s officer at Earth to Air.
“Our biggest struggle is having to say no at Washburn says. “We’re preparing for a much biggerf onslaught.”
Saturday, May 14, 2011
Abilities Expo, the Nation's Largest Event for People With Disabilities and ... - DigitalJournal.com (press release)
ukatekexo.wordpress.com
Abilities Expo, the Nation's Largest Event for People With Disabilities and ... DigitalJournal.com (press release) EDISON, NJ, May 13, 2011 /PRNewswire/ -- Thousands of people with disabilities, their families, caregivers, seniors, wounded veterans and healthcare professionals will attend Abilities Expo on Friday, May 20, through Sunday, May 22, 2011 at the New ... |
Wednesday, May 11, 2011
ABT division holds quota license drawing - Tampa Bay Business Journal:
amesit.wordpress.com
Forty-nine licenses in 29 counties were available for the andnearly 9,000 applications were submitted. Each countty is allotted a quota license for every population increaseof 7,500 residents for counties under generap law. Polk, which will receive new licensee based onspecial acts, and Hillsborough were eligiblde for four licenses each, while Hernando, Manatee, Pascoi and Sarasota qualified for one license ABT is a division of the .
The alcoholl quota license is intended for retailers who wish tosell beer, wine or liquot without having to meet the requirements of a specialty Establishments must either buy an existing licensse or enter the drawing to obtain the righrt to apply for a quota license. Winners may then applg for the issuance of anew license. DBPR licenseas more than 1 million businesses and professionals throughou tthe state. The divisiohn of ABT aims to ensure that licensef establishments comply with regulations related to alcohol and tobaccop productsin Florida.
Forty-nine licenses in 29 counties were available for the andnearly 9,000 applications were submitted. Each countty is allotted a quota license for every population increaseof 7,500 residents for counties under generap law. Polk, which will receive new licensee based onspecial acts, and Hillsborough were eligiblde for four licenses each, while Hernando, Manatee, Pascoi and Sarasota qualified for one license ABT is a division of the .
The alcoholl quota license is intended for retailers who wish tosell beer, wine or liquot without having to meet the requirements of a specialty Establishments must either buy an existing licensse or enter the drawing to obtain the righrt to apply for a quota license. Winners may then applg for the issuance of anew license. DBPR licenseas more than 1 million businesses and professionals throughou tthe state. The divisiohn of ABT aims to ensure that licensef establishments comply with regulations related to alcohol and tobaccop productsin Florida.
Monday, May 9, 2011
Saturday, May 7, 2011
Spectrum Brands to exit Ch. 11 in August - Houston Business Journal:
loxezop.wordpress.com
The Atlanta-based consumer products company said it will exit bankruptcuy protection as soon as all closing conditions to the including the closing ofthe company’s exit have been met. That will likely be in the company said. “When we emerge, we will have reducedx our subordinated debtby $840 millio and eliminated approximately $60 million of annual cash interest expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepared statement. “We will emerge with a stronge balance sheet that will better position us to maintain and strengthen our current platform and to pursue opportunitiesz to growour company.
” Spectrum Brands and its U.S. subsidiaries filec for Chapter 11 inthe U.S. Bankruptcyy Court for the Western Districtof Texas, San Antonioo Division on Feb. 3. It had $4.4 billion in Spectrum makes Rayovac batteries, Tetra pet supplies, Remington shavingv and grooming and personal care household insecticides and lawn and gardencare
The Atlanta-based consumer products company said it will exit bankruptcuy protection as soon as all closing conditions to the including the closing ofthe company’s exit have been met. That will likely be in the company said. “When we emerge, we will have reducedx our subordinated debtby $840 millio and eliminated approximately $60 million of annual cash interest expenses for at least each of the next two said Kent Hussey, CEO of Spectrum Brands, in a prepared statement. “We will emerge with a stronge balance sheet that will better position us to maintain and strengthen our current platform and to pursue opportunitiesz to growour company.
” Spectrum Brands and its U.S. subsidiaries filec for Chapter 11 inthe U.S. Bankruptcyy Court for the Western Districtof Texas, San Antonioo Division on Feb. 3. It had $4.4 billion in Spectrum makes Rayovac batteries, Tetra pet supplies, Remington shavingv and grooming and personal care household insecticides and lawn and gardencare
Wednesday, May 4, 2011
Mercy system to buy Jewish Hospital - South Florida Business Journal:
http://www.spokanecor.org/rectorarchive/rectorarchive91703.htm
The two entities will begin exclusivr negotiations to come to a definitivepurchasre agreement, according to a news release. The processx is expected to take four tosix months, and is also subject to various regulatory approvals. Mercy Health Partners partnerz operatesfive hospitals, in Fairfield, Western Mount Airy, Anderson Township and Clermont along with outpatient and other healtn care-related facilities. The purchase of Jewish, located in Kenwood, will give the systemj a presence in the northeasterjCincinnati suburbs.
"We are always workinvg to provide high-quality One of the missing ingredients in covering the Greatee Cincinnati area wasthe I-71 corridor," said Jamexs May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholicf Healthcare Partners, the Cincinnati-based parent of the Merc system. Mercy recently won approval from Greeb Township trustees to build a new hospital near Nortjh Bend Road andInterstate 74. When the hospital will replace its Mount Airy and Western Hills facilities. The , of which Jewis is a voting member along with University and FortHamiltom hospitals, had been considering acquiring the hospitakl as well.
A purchase would have made it a propertyh in the hospital like andthe . But in the said it would also considerothere partners, while continuing discussions with the Health Alliance.
The two entities will begin exclusivr negotiations to come to a definitivepurchasre agreement, according to a news release. The processx is expected to take four tosix months, and is also subject to various regulatory approvals. Mercy Health Partners partnerz operatesfive hospitals, in Fairfield, Western Mount Airy, Anderson Township and Clermont along with outpatient and other healtn care-related facilities. The purchase of Jewish, located in Kenwood, will give the systemj a presence in the northeasterjCincinnati suburbs.
"We are always workinvg to provide high-quality One of the missing ingredients in covering the Greatee Cincinnati area wasthe I-71 corridor," said Jamexs May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholicf Healthcare Partners, the Cincinnati-based parent of the Merc system. Mercy recently won approval from Greeb Township trustees to build a new hospital near Nortjh Bend Road andInterstate 74. When the hospital will replace its Mount Airy and Western Hills facilities. The , of which Jewis is a voting member along with University and FortHamiltom hospitals, had been considering acquiring the hospitakl as well.
A purchase would have made it a propertyh in the hospital like andthe . But in the said it would also considerothere partners, while continuing discussions with the Health Alliance.
Monday, May 2, 2011
Avocet relocating to Orlando Sanford - Orlando Business Journal:
xagawu.wordpress.com
of Opa-Locka Airport in Miami-Dade Countt began leasing existing space at Orlando Sanford last month and the airportt is in process of constructingta 44,000-square-foot hangar to house the companyg beginning early 2010. No price on the facilityt was available, as the project has not been put out tobid yet. The airpor will lease the facility to Avocet and its sister company Aircraft PartsSales Inc. on a long-term basis, according to Diane Crews, the airport’s vice president of administration.
“Irt will be the first hangar large enougu for commercial customers at the airporrso we’re excited,” Crews The company plans to employ 20 peoplse to start and then grow the business to 200 employeesd over the next two years. which has been in business more than20 years, provides maintenance and aircraft teardown services for a variet of commercial customers, including cargo carriers.
of Opa-Locka Airport in Miami-Dade Countt began leasing existing space at Orlando Sanford last month and the airportt is in process of constructingta 44,000-square-foot hangar to house the companyg beginning early 2010. No price on the facilityt was available, as the project has not been put out tobid yet. The airpor will lease the facility to Avocet and its sister company Aircraft PartsSales Inc. on a long-term basis, according to Diane Crews, the airport’s vice president of administration.
“Irt will be the first hangar large enougu for commercial customers at the airporrso we’re excited,” Crews The company plans to employ 20 peoplse to start and then grow the business to 200 employeesd over the next two years. which has been in business more than20 years, provides maintenance and aircraft teardown services for a variet of commercial customers, including cargo carriers.
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