Monday, December 31, 2012
KV shareholder alleges execs backdated options - St. Louis Business Journal:
The lawsuit states that seven companuy officials, including Vice Chairman and CEO Marc Hermelin and his company founder and ChairmanVictor Hermelin, violated shareholder-approved stock option plans and filed falsse annual reports with the Securities and Exchange Commissionb to hide their actions. The plaintiff in the lawsuit is listed as Frederick No other information is availableabout Fuhrman. "Ih a striking pattern that could not have been the resulof chance, each and every one of the foregoing stoco option grants was dated just before a substantiapl rise in KV Pharmaceutical's stock Fuhrman's suit says. A Pa.
, law firm that handles stockholders' derivative actionsd hired someone to review companiees in the wake of the ongoing backdatingb scandal and found KV inthat search, said Eric Zagar, an attorneg at the firm who is representing Fuhrman. KV didn't retur n calls for comment. Directors named in the suit are: Gerald Mitchell, who is also vice president and chietfinancial officer; Norman Schellenger, a member of the board' audit committee, a former member of its stock optionn committee and senior vice president of salex at Montgomery, Ala.-based ; and Kevin also a member of the audiyt committee and president of , a St. Louis-based managemeng services company.
The other two defendants are Raymond Chiostri, chairmajn and chief executive of KVsubsidiary , and Mitchello Kirschner, who was vice president of new businesss development at KV untip January. He is Victor Hermelin's son-in-law. Fuhrmab filed the 17-page suit in St. Louias Circuit Court in September. He is also representef by Dale Weppner and Jeffre y Schmitt of in Clayton and Sandra Smith ofof Radnor, Pa. For the year ended Marcbh 31, KV's profit dropped 52.6 percent on a salea climb of 21 percent attributed to higherf sales inthe company's brandede marketing operations, Ther-Rx Profit for fiscal 2006 fell to $15.8 million on sales of $367.
t6 million, compared with profit of $33.3 million on sales of $303.5 milliomn in fiscal 2005. In September, the company announcedd that the U.S. Food and Drug Administratio n had granted its approval to markeft six strengths of the blood pressurs medicine Diltiazem HCl ERin capsules. The drug is prescribed to trea hypertension andchest pain. KV at a glance • $367. million in fiscal 2006 revenue
Sunday, December 30, 2012
Women caught smuggling drugs in Rolpa - Himalayan Times
Women caught smuggling drugs in Rolpa Himalayan Times The woman held with 3.18 kg charas has been identified as Kushma GM of Shivgadhi VDC, Kapilvastu. Police had arrested her at Bhrigu bazaar yesterday when she was going to Ghorahi, Dang, from Sulichaur of Rolpa by a bus (Na 2 Kha 1598). It is the first ... |
Friday, December 28, 2012
MOSERS to post staff pay online - St. Louis Business Journal:
State Treasurer Clint Zweifel introducecthe motion, which passed Thursday at the MOSERS boards meeting. Previously a Sunshine Law request was needed to obtainthe information. “We cannot have a full and open discussio n and review of bonus pay if Missourians do not know the scope of what they are paying for at MOSERS and fortheir officials,” Zweifep said. The board also votexd to conduct a study of the staffg pay and how it compares to other Public officials, including Gov. Jay after the reported that MOSERS investment managers were awardednearly $460,000 in bonuses in Februart for their work in 2008, when the assetw they managed decreased in valuwe by about $1.8 billion.
MOSERS Executive Directof Gary Findlay said critics of the bonusezs should look at the performance of the fund and stated investment managers over thelong term. He said the stater employees who received bonusesadded $600 millionh to the value of the fund over the past five
Thursday, December 27, 2012
NTSB Says Driver Inattention, Bad Brakes Led to Amtrak-Truck Collision - Truckinginfo
San Francisco Chronicle | NTSB Says Driver Inattention, Bad Brakes Led to Amtrak-Truck Collision Truckinginfo An inattentive driver and poorly maintained brakes, including antilock brakes that had been rendered inoperable, were the probable cause of a commercial truck hitting an Amtrak passenger train in the Nevada desert last summer, killing six and injuring ... NTSB: Bad brakes due to shoddy maintenance, distracted driver caused deadly ... Nevada train crash caused by trucker NTSB hearing faults driver, poor brakes |
Sunday, December 23, 2012
STMM Named 'Top Guns' in Ranking by Informa Investment Solutions
The database that South Texas Money Management wasmeasurede in, called the Planned Sponsor Networ k (PSN), is used by investmen professionals to evaluate and select managerds nationally. The peer group for Soutu Texas Money Management in this rankinf isDomestic All-Cap Core Equitty Managers. "This has been a very challenging environmen t for investors and managers so we are very pleased withthis recognition, " said , CFA, CEO and Chief Investment Officer of South Texasd Money Management, Ltd. "I am particularly proud of this rankingh because it is based on longterm performance. Our portfolios includse stocksof large, mid and small capitalizatioh companies in the U.S.
as well as internationalp companies. We also balance growth stocks andvalus stocks. Diversification is our numbert one rulein investing. I find that even many professionalp investors do not understand the effectivde methodsof diversification. It can reduce volatility. That is important." STMM's managed assets total approximately $1.4 billion and the company has over 50 employees that includresearch analysts, fixed income and equityh managers and investment advisors. STMM, with offices in San Austin, Dallas, and Houston, currently manages assets for individuals, foundations, trusts, employee benefit plans and endowments.
In presentinb its performance results, STMM claims compliancee with the Global Investment PerformancweStandards (GIPS), which are a voluntar y set of standards developed by the CFA Institute and based on the fundamentapl principles of full disclosure and fair This claim of compliance is verified quarterluy by an independent thirxd party consultant. For a complete presentation/compositr description that adheres to theGIPS standards, contacyt South Texas Money Management. * The peer group of All-Cao Core Equity Managers was created using informatio n collected through the PSN investment manager questionnaire and uses only grosa offee returns.
In the event net of fee returnd hadbeen used, the rankings may have come out differently. The All-Capp Core Equity peer group includes domestic equityy investment products for which manager responding to the PSN manager questionnaireselected "core" as the primary equity style and "All-Cap" or "no primaryu capitalization" as their primary capitalization range. REIT and convertiblse productsare excluded. The peer group of All-Cal Core Equity Managers is comprised of 117 managerse who reported to the PSN database and 157investment products. Investment products must have an R-Squaredr of 0.
80 or greater relative to the stylsbenchmark (S&P 500 Index) for the recent five-year Moreover, investment products must have returns greater than the stylse benchmark for the three latest three-year rolling periods. IIS selectes only the investment products whicuh standard deviation forthe five-yeaer period is equal or less than the median standarfd deviation for the peer The top ten information ratios for the latestg five-year period then become "6 Star Top Guns." The informatio ratio is an efficienc measure calculated by dividing the Excess Rate of Returmn by the Standard Deviation of the Excesx Rate of Return stream (Trackingf Error).
PSN database information is intended for use by qualifiedinvestmenr professionals. Past performance is not indicative offuturr results. There is a possibility of SOURCE South TexasMoney Management, Ltd.
Saturday, December 22, 2012
Improvements pending on Quincy's Sea Street - Boston.com
Improvements pending on Quincy's Sea Street Boston.com Quincy officials are hoping to inch toward a safer Sea Street with the design of several improvements along the corridor. According to Ward 1 Councilor Margaret Laforest, the road has been a problem for decades, with numerous spots along the wide and ... |
Thursday, December 20, 2012
Wednesday, December 19, 2012
State senator wants to remove UC
In a release, Yee, who received his bachelor’s degrees from UC Berkeley, said that the Regentz of the system think theyare “above the The University of California Office of the Presidentf shot back in its own saying that the syste is one of the few agencies in governmentg that is working, that it’s flourisheds under its autonomy, and that the salariexs it pays to top leaderw is below the national average for comparabld institutions. The state’s constitution guaranteed the regentas autonomy on all issues related to managemen of the systemsince 1879.
The proposed amendment, SCA 21, and its counterpar on in the State Assembly, ACA 24, need two-thirdz approval from the legislature and then needs approval from state voters.
Tuesday, December 18, 2012
Peabody, Shanxi Lu
The Shaxi Mine, which is under has the potential to expand to 15 millionb tons or more per year in line with the development of a new rail project that woulcd serve electricity customers and othefr industrial users in Central andEasterj China. In the coming months, the companies said they plan to conductr a feasibility study to evaluate technicall requirements for next phasesof development, which also includea other coal reserves in the region ownex by Lu’an.
“China is leading the worldr in industrial growth and fueling its progresawith coal,” said Peabodty Energy Chairman and Chief Executive Gregory Boyce in a “Peabody has a growing presencr in Asia and seeks to partnere in world-class coal projectes to fuel long-term energy needw …” Peabody has an expanding presence in China and is the only non-Chinesr partner in GreenGen, a near-zero emissions power projecy in Tianjin.
The company is pursuing multiple partnership s in Asia that include a large surfacs mine and downstream coal conversion facility with the governmentg ofInner Mongolia, China and other and projects in Mongolia, which include the Peabody-Polo Resourcesz joint venture. China is the fastest-growing coal market in the using coal to fuel 80 percent ofits electricity. Chinwa is expected to nearly double its electricity consumptionby 2015. Lu’ab had $5 billion in revenuew in 2008. Peabody Energy BTU) is the world’s largest private-sectord coal company, with revenue of $6.6 billion in 2008. Its coal products fuel 10 percent ofall U.S.
electricithy generation and 2 percent ofworldwid electricity.
Sunday, December 16, 2012
Real deals: Aurora
A subsidiary of Vultures LLC of Aurora, called 14195 Montvieaw BoulevardPartners LLC, bought the 126-unit apartment according to brokers involved in the The seller was Montview Park Associates LP of Sausalito, The per-unit purchase price was $20,476. “[Thw buyer] worked diligently and founxd theright lender,” Erik Robinson of Hendricksx & Partners Inc.’s Denver office, who represented the buyer in the said in a statement. “They are bullish on the Denvert market.” Hendricks & Partners is based in Phoenix. Completede in 1974, Sand Creeik Apartments is located at14155 E. Montview Blvd.
in The property includes one-, two- and three-bedroo m units as well as studios. In another recent sale of an oldetrapartment property, the 24-unit building at 1525 Yates St. in Denver has sold for $1.1 or $45,718 per unit, according to Pinnacle Real EstateAdvisors LLC. Pinnacle represented both seller L/D Properties Inc. of Evergreen and the buyer, Jaasio Unlimited Series 1525 YatesOnly LLC, in the The Yates Street apartments were completed in and were fully leased at the time of the transaction. The sale closed in late May. Other recent significangt Denver-area real estate transactions, according to brokerzs and realestate records, include: • One Lincolnh Park, 2001 Lincoln St.
, Denver 80202-38777 — Moreland Properties LLC, one of Denvefr auto dealer Doug Moreland’s companies, has purchasee unit 2820 in this condlo property for $2.08 million, according to Denveer County real estate Moreland also is an investor in the new condio tower. • 3424 Larimer St., Denver 80205 —Thisz 3,700-square-foot commercial building, formerlt occupied by C&M Rebuilders has been sold to The Commissary LLC for The seller is Colorado InvestmentStrategiese LLC. The building’s new owner plans to leasr it to anew tenant, accordinyg to Unique Properties LLC, which represented both partiesa in the deal. • 900 S.
Broadway, Denvert 80209 — Arthur Zeile, LNH, Inc., which does businesx as Host MySite Inc., has leaser 41,373 square feet of space in this multi-tenang office building. Frederick Ross Co. of Denver represented the building’sz owner in the lease deal.
Saturday, December 15, 2012
Chapman signs deal with Yuba College - Portland Business Journal:
Chapman signed a simila agreement within April. Chapman’s main campus is in the Southerh California community of but the university also has campuses in Rosevillrand Folsom. About 1,750 students attend the Rosevillse campuseach year, while about 700 go to Chapman, a nonprofit university, also has a campuxs in Yuba City. The Early Advantage Partnership, which leadersx from the two colleges will signnext week, will allow participants from Yuba Collegs to use Chapman’s advisinvg services and academic catalogs, participate in information sessions, and to transfef credit through the use of online and personalized advising, a news releas e said Tuesday.
Also, Yuba College students’ initiap application fees willbe waived, and they will receivde a 10 percent tuitiobn discount for classes taken at Chapman’se Sacramento Valley campuses for up to four yearx after they submit of a formal “change of location” to Chapman University “Chapman University College establishes Early Advantage Partnershipes with community colleges like Yuba College to help ease the transitionh to universities by giving students the individual support they need and providinvg guidance through the entire process,” Chapman University College chancellor Gary Brahm said in the “It’s comforting for students to know that the cours work they have taken at their communityu college will be transferablw to Chapman University College and that counselors will help them navigatwe a clear path to pursuing theird higher education goals.
” Yuba College’s partnershilp with Chapman “will make the transition to Chapman College practically seamless,” Kay Adkins, Yuba Colleg president, said in the Community college students are eligible to apply for the program after they have fulfillede 12 transferable credits at Yuba College with a minimum cumulative grade point average of 2.0 from all schools previously Yuba College transfers also must attend at leasrt one academic term or semester at Yuba Collegr and adhere to all Chapman Universituy College admission requirements.
Friday, December 14, 2012
Airport traffic falls 12.8 percent in first-quarter
percent drop in passengers for the first quarter ofthe year, reflecting the global recession and problemse within the travel industry. Florida’s busiest airport had about 3.15 millio passengers in March, the first time in eighf months the passenger numberzs exceeded3 million. However, that was down 12.86 percen t from the year before, and included a 13.11 percen decline in domestic passengers anda 9.96 perceng drop in international passengers. For the quarter, the airporrt had nearly 8.5 million passengers, 12.8 percent fewefr than for the same period last That includeda 13.8 drop in domestic passengerzs and less than a 1 percent decline in internationa l travelers.
For the firsg time in seven years, fewer peoplre vacationed in Floridalast year. The Sunshinee State had a 2.9 percent increasre in the number of visitors in the first half of last but by the end of 2008 there wasa 2.3 percent compared to 2007, said Visit Florida, the agency that promotezs Florida tourism. “The fourth quarter of 2008 reflects the full impact of the economic downturn everyonw in every industryis facing,” said Visit Floridw President and CEO Bud Nocera in a presxs release.
Still, Florida isn’t suffering as much as other comparable destinations suchas California, Hawaii and Las which had fourth quarter double-digit declines as high as 16 “Americans are being very conservative in their travel today,” Noceraw said. An estimated 82.5 million visitors came to Florida last Preliminary estimates showjust 16.6 million came betweem October and December — a 13.6 percent decline. More than 3.8 milliomn residents took a pleasure tripin fourth-quarter said Visit Florida, but many are sticking closere to home with in-state tripw increasing by 22.9 percen in 2008 overall.
The report also found overseas travel to Floridza during the fourth quarter was down8 percent, but was actuallyy up 1.1 percent for the year. Timothy Tonkovicu was named general managerat ’s Holida Inn Express in Lake Buena He has worked for the six-property hotel grouo since 2005. The hotel executive, with 15 years of hospitality also will overseethe Tampa-basec hotel group’s reservation delivery channel strategy. Canada is vital tourism, trade partneer Though far apart in mile sand weather, Florida and Canada enjoy a symbiotic relationship. Not only is Canadsa the Sunshine State’s No. 1 sourcr of inbound visitors, but it’s also Florida’s No.
2 exporter — after Brazil — and one of the largesgt contributors of foreign direcginvestment (FDI) in the The findings are part of a new economicv impact report produced by Kroll-InfoAmericas, a global research and businesws intelligence firm, for the Consulate Generalk of Canada in Miami. “Canada is a vitak trade, tourism and FDI partner for the statesof Florida. Thousands of jobs in Florida depene onthis partnership,” said Manny Mencía, who headsx ’s international business division. Nearly 300 Canadian businesses operatein Florida.
They include ; , whic operates a 10,000-square-foot wind tunnel facility in Miramar; , which stagesx La Nouba in Downtown Disney; and PSC Phosphate, which employs 900 people in Florida. In 2007, Canadqa enjoyed a trade surplus with Floridazof $1.22 billion. However, it was more than made up througb tourism receiptsof $2.8 billiom from Canadian visitors to Florida and $2 billion in real estatre purchases, said the report.
Tuesday, December 11, 2012
Automotive dealer, Nissan take battle to federal court - San Francisco Business Times:
The lawsuit filed by Nissanh in U.S. District Court in Milwaukee alleges that the dealership proposec an ownership transfer in January that amounted to sellingg its assets to itself in an attempt to eithef retain the Nissan franchise that it was abourt to lose or to create a basis for afuture lawsuit. But an attorneyu for Andrew Automotive denied the allegation and said the issueas involved in the dispute do not belong infederak court. "This was in no way a sham said Madison attorneyPaul Norman.
Norman contended that the dispute should be resolved before the Wisconsin Division of Hearingsz and Appeals where the dealership filed a complainrt in March after Nissan blocked the proposed ownership transfer. The lawsuit indicated that the rift between the basedin Nashville, and the dealership began in 2006 when Andreew Automotive expanded its lines to add Buick, Pontiad and General Motors vehicles to its At the time, the dealership was selling only Nissan and Chevrolet vehicleds at the facility on West Silver Spring Drive in The expansion came after Andrew Automotives earlier agreed to build a new, exclusive facility for its Nissan line, the lawsuit stated.
When the three new automotived lines were added to the main according tothe lawsuit, the dealership movec its Nissan inventory to an adjacent facility. Nissan objected to the move and filed a notic of intent to terminate its relationshipwith Andrew. A subsequent settlement called for Andrew Automotive to either transfer its Nissan dealershilp to another ownership group or to voluntarilgy terminate its relationship with On Jan. 15, Andrew Automotive proposedr selling its assets to Melvin Schlesinger who alreadty owned 100 percent of the votinfg shares inthe business, accordinhg to the lawsuit.
The proposal also callef for Melvin Schlesinger to form a limited liability company and to include Andrew Schlesinger in themanagemeng team. At the time, both Schlesingers alreadu sharedmanagement duties, the lawsuit stated. The lawsuit contends that Andrew Automotive breachedr thesettlement terms. Norman disputex the claim and said Andreqw Automotive likely will seek financial damages from Nissan for not approvinygthe transfer. A spokesman for Nissan coulrd not be reachedfor comment.
Monday, December 10, 2012
1,000 jobs set to land - San Francisco Business Times:
CEO C. David Cush said the young business expects tohire 1,000 people, most of whom will work out of the Burlingamw headquarters or as flight staff baseed at San Francisco Internationap Airport. That would brin the company's head count to 2,000 employees by the end of 2008. the carrier, which flieds to six cities now, could fly to as many as 12 citiezby 2009. Cush said the 6-month-old airline is attractin enough passengers that it is on pace to turn a profiytby 2010.
"The goal when we startesd out was that withinm the third year of operation it would be aprofitablr venture" and that remainz within reach, said Cush in his first extensive remarks sincee taking the reins at Virgin America last December. Virgin America is at an important juncturew as it seeks to grab market share while battlinvg escalating fuel prices and rival airlines that have begum targeting its expandingroute network.
To buttressa its cash reserves asit expands, Virginh America will get another investment in coming months from its financiap backers, which include , the London-bases conglomerate run by billionaire Richard and private equity firms of Los Angeles and New York'a . Cush did not say how much the airlins will receive or whether all thres backers will participate in the newest The new capital will come on top of morethan $177 milliohn that Virgin Group, Black Canyon and Cyrus Capita spent to get the airline aloft.
In anotherf maneuver to boost revenue, Virgin Americza is exploring strategic partnerships withothet airlines, including London's and Australia's Virgibn Blue, two other carriers foundedx by Branson. Under those deals, passengers woulf be able to book flights that originate on another carrier and end onVirginj America, or vice Such alliances have becomed common in the U.S. airline industry to boos t revenue forboth parties. Just a few weekes ago a Virgin America JetblueAirways Corp., announced a deal with Ireland's Aer Linguz Group PLC. Virgin America, like all airlines, is under unprecedentedf cost pressure becauseof record-higg jet fuel prices.
"When we built our businesw plan, we didn't anticipate $100-a-barrel oil," said Donald Carty, Virgibn America's chairman, during an interview last "We have to suffer for a The airlinelost $34.8 milliohn on sales of $16 million in the quartedr ended Sept. 30, 2007, its first quarter of Cush declined to say which cities are unde r consideration for future Virgin America But he said the airline favors cities with large businesxs centers such as Chicago and two regions not served by theairline now.
Virginb America is marketing itself to both leisure and business travelers as it gears upa $5 millionm ad campaign in cities like San Francisco, San Diego New York, Washington, D.C., Las Vegaxs and Los Angeles, where it already flies. As it attractas some favorable reviewsfrom passengers, Virgin America has also attracted the scrutiny of rivalk carriers. Jetblue, and others have been quick to defensd againstVirgin America's attempts to stealk market share. Just this week, for example, Jetblue announced servicse from Los Angeles International Airport toNew York's John F. Kennedy International Airport, a key Virginn America corridor.
Alaska Airlines, in a swipe at Virgih America's new service between SFO and Seattle, added flights along that routeeas well.
Saturday, December 8, 2012
Disgust Sensitivity Extends to Visual Perception - PsychCentral.com
PsychCentral.com | Disgust Sensitivity Extends to Visual Perception PsychCentral.com Disgust Sensitivity Extends to Visual Perception One of our strongest emotions comes from viewing revolting or repugnant images and situations. Experts say that the intense, visceral sense of revulsion that comes with disgust presumably helps us to ... Disgust Makes Dirt More Visible |
Friday, December 7, 2012
Manpower: 6% of Honolulu employers to hire in 3Q - Business Courier of Cincinnati:
From July to September, 6 percent of the companies interviewed in the Honoluliu metro area plan to hiremore employees, whilwe 11 percent expect to reduce their payrolls, according to the survey from Milwaukee-based (NYSE: MAN). Seventy-eighf percent expect to maintain their current stafd levels and 5 percenyt remain uncertain abouthiring plans. Hirint is expected to be a little lighter than in theseconxd quarter, when 10 percent of companies surveyed plannedf to hire and 12 percent expected to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the coming job prospects in the Honolul u area appear best in wholesale and retail trad e and leisureand hospitality.
Employers in durable goods manufacturing, nondurable goods manufacturing, professional and business services, educatiohn and health services and governmenrt intend tocut staffing. Hiring in transportation and utilities, financial activitiesw and other services is expected toremainj unchanged. National survey results showed littlr change from the second Of the morethan 28,000 employers surveyed across the country, 15 percengt expect to increase their staff levels during the thircd quarter, while 13 percent expect to reduce theirf payrolls. Sixty-seven percent expect no change in hiring and 5 percent are undecider abouttheir third-quarter hiring plans.
“The data shows continued hesitancyamong employers,” said Jonas Prising, president of the Americaes for Manpower. “They are treading slowly and watchingv withguarded optimism, hoping a few quarters of stabilitu will be the precursor to the recovery.”
Thursday, December 6, 2012
Famous Dave's scores well in survey; TGI Friday's, Buffalo Wild Wings don't - Minneapolis / St. Paul Business Journal:
Edina-based ’s of America Inc. tied for first place in the barbecuwe category, scoring high consumer marks in Apartfrom barbecue, though, the Twin Cities didn’t have much to brag T.G.I. Friday’s, and performed at or near the bottom of theirfrespective categories. In the pub style or grill T.G.I. Friday’s, owned by Minnetonka-basex Carlson Cos. Inc., came in third to last, with poor scorew in taste, value, service and mood. Buffalo Wild Wings placed last in the samecategory — results that stand in contrast to the chain’s strony financial performance.
Buffalo Wild Wings (NASDAQ: had a strong first quartefr this year, reporting a 35 percent revenue increase fromlast year. In the Italian-fooe category, Buca di Beppo (a onetime locally basexd chain now owned byLas Vegas-based Planet also ranked last, though it scored well for its old-style atmosphere. Officialw at the restaurant chains couldn’tt immediately be reached for comment. The report - conducted by the Consumedr Reports National ResearchCenter - surveyed more than 70,000 restaurant goerds who made about 158,000 trips to chainw between April 2007 and April 2008.
Tuesday, December 4, 2012
A New Look for VTT Vasilikos Tank Terminal - TankTerminals.com (press release)
A New Look for VTT Vasilikos Tank Terminal TankTerminals.com (press release) Last November, VTTI (to which VTT Vasiliko is a subsidiary) was forced to respond to reports suggesting there was a conflict of interest from the potential participation of the company in the construction and management of the oil storage terminal at ... |
Monday, December 3, 2012
Constraints Are The Key To A Creative Presentation - Forbes
Forbes | Constraints Are The Key To A Creative Presentation Forbes laws of subtraction book cover I'm often asked, “How long should my presentation be?†I believe the Goldilocks zone is 18 to 20 minutes. If it's shorter some members of your audience (especially investors, clients and customers) might not feel as ... |
Sunday, December 2, 2012
Why Your Venue Needs Robust Wi-Fi - Meetings & Conventions
Meetings & Conventions | Why Your Venue Needs Robust Wi-Fi Meetings & Conventions Typically, IT departments at large venues face several challenges in providing "always-on," high-performance Wi-Fi services. Given the "bring your own device" (BYOD) phenomenon and the resulting ubiquity of smartphones and tablet devices, planners ... < /p> |
Friday, November 30, 2012
SEC Championship, position-by-position - ESPN (blog)
The Birmingham News - al.com | SEC Championship, position-by-position ESPN (blog) DawgNation's David Ching and TideNation's Alex Scarborough take a look at Alabama and Georgia position-by-position as Saturday's SEC championship game between the second-ranked Crimson Tide (11-1) and third-ranked Bulldogs (11-1) approaches. Alabama h as advantage over Georgia in position-by-position matchup (SEC ... Alabama Footb » |
Thursday, November 29, 2012
InBev told to sell Labatt with Anheuser-Busch merger - The Business Journal of Milwaukee:
The terms of a consentt final judgment filed todayin U.S. Districtg Court for the District of Columbia require LabattBrewing Co. a partially owned, indirect subsidiary of InBev basesdin Toronto, Quebec, to grant a perpetual and exclusiv e license to brew, market, distribute and sell the Labat t beer brands in the United Statex to an independent third party. Labatt Brewinh in Canada will be allowed to brew and supplyu the Labatt brands tothe U.S. licensee for an interim period ofthree years.
The existing operations of , an InBevg subsidiary based in Buffalo, that currently support the brand in the marker will be sold tothe Anheuser-Busch said in a release that the divestiture of the Labatt busineszs in the U.S. will take place after the mergertdeal closes. Anheuser-Busch is the top domestic competitoreto LLC, the recently merged Miller Brewingv of Milwaukee and Coors Brewing of Colorado.
InBev reiteratec that it expects to completre its purchaseof Anheuser-Busch “ax soon as practicable,” having previously said it plansw to complete the purchase by the end of the Depending on the timing of finap regulatory approvals, the sale could close as early as the end of this Anheuser-Busch shareholders approved the company’w sale to InBev for $70 a share at a speciap meeting Wednesday. InBev shareholders previously voted in favord of thedeal Sept. 29. St. Louis-baseed Anheuser-Busch Cos. Inc. ( : BUD), through its Anheuser-Buscgh Inc. subsidiary, holds a 48.5 percent share of U.S. beer sales.
It also owns a 50 percent sharein , Mexico’s leadingy brewer, and a 27 percent shard in China brewer
Wednesday, November 28, 2012
Pedal to Properties takes on partner, plans expansion - Memphis Business Journal:
Founded and headed by Matt Pedal to Properties is a residential real estate firm that givew clients the option of looking at homesaby bicycle. The company maintaind a fleet of 50 ElectraCruise bikes. Kolb has sold a 50 percenyt stake in the company for an undisclosed sum to attornehyTim Majors, who specializes in takinbg regional retail businesses national. As a partner in Pedal to Properties, Majorss will work out of the company’s Boulder office. Majors, who’s originally from Australia, approached Kolb about investingb in the real estate firm aftere looking at Boulder propertiesby bicycle.
“We certainly plan to incorporated [Tim’s] national and international branding expertise to expandc Pedal to Properties inother markets,” Kolb said in a Pedal to Properties plans to look at openint branch offices in other, unspecified U.S. markets. In May, the compant launched a licensee designation for brokersd interested in using theBoulder business’ operational formulza in their markets. The Colorado company alreadyh is working to expand quickly in its hometowb by adding more space and agents indowntown Boulder.
“I believse Pedal to Properties is in a perfecg position to meet the evolving social and demographix changes going on in the United Statedswith homebuyers,” Majors said in a
Sunday, November 25, 2012
MPs asked to allocate RM5,000 for 'House Build' initiative - Malay Mail
MPs asked to allocate RM5,000 for 'House Build' initiative Malay Mail HOUSING and Local Government Minister Datuk Seri Chor Chee Heung today suggested that members of parliament (MPs) allocate RM5,000 each to help repair poor people's homes through the 'House Build' initiative launched by his ministry. He said if all ... |
Saturday, November 24, 2012
Senate panel approves health care reform bill - Puget Sound Business Journal (Seattle):
The HELP Committee bill requires businesses with 25 employeeas or more to offer health insurance orpay $750 a year per full-timr worker to the federal government. Individuals would be require toobtain coverage. The bill also would create an insuranc exchange, where individuals and smal businesses could purchasehealth insurance. That exchange would include a government-run plan that woulds compete with private President Barack Obama praisedthe committee’xs passage of the bill, saying it would “bring down expand coverage, and increase choice.” Houswe Democrats introduced their health care reform bill Tuesday.
Under this employers would have to a pay a penalty totaling 8 percengt of their payroll if they do notprovidde insurance. Small businesses with less than $250,000 in payroll would be exempr fromthis requirement. Firms with payrollp between $250,000 and $400,000 would pay a penaltt ranging from 2 percent to 6 percent of payroll ifthey don’ offer insurance. The Senate HELP Committee’s bill did not addressa how revenue would be raised to pay for health care reform, which would include tax credits for some small businesses and subsidiesd for some individuals to help them buy Revenue issues will be addressed by the Senate Finance which has yet to unveil its House Democrats proposed imposing a tax surcharg on high-income Americans to help pay for the $1 trillion, 10-yeart cost of their bill.
A 1.2 percent surcharg would be imposed on married couples with adjustecd gross incomeabove $350,000 and on individuals with adjusted grossd income above $280,000. Taxpayers with incomesz above those levels would facehigher surcharges, with a maximun of 5.4 percent charged to joint filers with incomeas above $1 million. Republicans and some business groups contend that many small businesses woulde be hit bythis surcharge, since profite at most small businesses are taxed at the individuall level.
“Placing a big tax burden on the smal business community would rob them of the resources they need to creatse the jobs that will lead us out ofthe recession,” said Tom president of the . “If there’s one sure way to kill the goosew that lays thegoldeb egg, this is it.” "Whhy are House Democrats trying to ply more capital and resourced out of the private sector when businessez and the economy need every penny it can get its handsw on?" said Karen Kerrigan, president and CEO of the .
Housd Democrats, however, contend the surcharge woulf hit only 4 percent of smallpbusiness owners, including individuals who receives only a small portion of their income from investment s in small businesses. They contend most smal businesses would benefit from the bill becauser the insurance exchange and markegt reforms would make coverage more Many business groups also oppose the employerf mandates in the Senate andHouse bill, contendinfg many businesses simply can’gt afford to provide insurance, especiall in a recession.
A letter sent Tuesdat to House members by 31 businessassociationd said, “Congress should allow market forceas and employer autonomy to determine what benefitxs employers provide, rather than deciding by fiat.” Theser groups, ranging from the chamber to the , also said the publicf plan would lead to higher costs for privatee insurance. They urged Congress to focus on areas of healtjh care reform where thereis consensus: “initiatives to improve qualituy and lower costs, introducingf fair regulation of the insurance market, and building a robustf marketplace for consumers.
”
Thursday, November 22, 2012
Business
The projected 9 percent cost increase is slightlhy lower thanthe 9.2 percent increase in 2009 and 9.9 percengt increase in 2008, PricewaterhouseCoopers says. Medical-cost increases continu to outpace inflation and wage The report suggests that medicall costs continue to climbbecause U.S. workera are accelerating their useof health-care services in anticipationj of losing their jobs and, potentially, theirr insurance. Rising unemployment, an increaserd numbers of individuals with little or no insurance and a growing percentages of the population on Medicaid furthetr rampup medical-cost trends — the figure s actuaries use to set futurs health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costz of health insurance to their workersin 2010. Employers also say they expec workers to take more responsibilit for managing theirpersonal health.
Wednesday, November 21, 2012
Cattlemen group picking up election pieces - Lincoln Journal Star
Cattlemen group picking up election pieces Lincoln Journal Star Lobbyist Colin Woodall came to a Beef Summit in Lincoln on Tuesday with a long list of wins and probable wins for his side in the latest legislative and regulative wars. Beating back agricultural dust restrictions. Freedom in beef marketing contracts ... |
Monday, November 19, 2012
Ascension Insurance buys three California agencies - Birmingham Business Journal:
The Kansas City-based company bought of Santq Monica, which specializes in development, placement and administrationm support of student health insurance ofWalnut Creek, whichj provides employee benefits, retirement services and HR outsourcinf primarily for nonprofits; and Inc. of Agoura which specializes in administration of studenthealth insurance, including intercollegiatse sports injury programs. Overall, the acquisitions will bring Ascension’sd annual revenue to about $75 million, rankinvg it among the nation’s biggest 35 agencies, Ascension CEO Leonare Kline said inan interview. The companyg said it had $55 million in revenues in March, after its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeees at 20 officelocationds nationwide. “The acquisitions ... represeng a valuable opportunity for us to expand our West Coasft operations and to fulfill our goal of providintthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organizationb brings unique capabilities to our growing portfolii ofinsurance agencies, as well as dedicated employeee who share our mission to provide outstanding servicse to our customers in California and throughout the United Kline said the deal closed Thursday Ascension is a full-service insurance and employee benefits agencyg providing brokerage and risk-management services to middle-markey companies nationwide.
Ascension has been a active in the mergersa and acquisition market sincd it was founded from scratch in August 2007, making . The company is assistedf by funds from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five years.
Sunday, November 18, 2012
Safeway Inc. Company Profile | SWY Company Information
The Safeway Employee Storexs at NorCal and Vons are dramatically expanding thei r services to better meet the needsw ofour stores, facilities and divisions of the Safewauy organization. As a result, the two stores will take on the name Safewag EmployeeStore (SES). Through the additiojn of our newweb site, we will now be able to make our servicezs available to all 200,000 employees of the Safewagy Companies. SES is a department within Safeway that encompasses the OptionapUniform Program, Safeway Corporate Catalog and the Employee Stores at NorCap and Vons. We carry uniforms, logo awards, incentives and gift items.
Our goal is to meet the purchasinh needs ofour employees, management and Now you can make your purchase at the two store locations or online. For our employees and stockholders, we offe r the opportunity to purchase logo merchandise and memorabilia that gives them the ability to show pride in the family ofSafeway Companies. For our management team, therre is no need to go outsidd the company to make thosequantity purchases. We have establishefd a relationship with suppliers that gives us the lowest pricwe onall items.
SES can make creative supply samples, negotiate the best process all paperwork, create signage and handle the fulfillment To insure you are getting the best valu e foryour dollar, each product we supply goes througg a rigorous quality assurance ...
Saturday, November 17, 2012
Leesville can't find rhythm against Trojans - News & Observer
Leesville can't find rhythm against Trojans News & Observer Leesville Road couldn't find its rhythm Friday night as it followed big plays with costly penalties in the Pride's 56-35 loss to Garner in the third round of the N.C. High School Athletic Association 4AA state football playoffs. By Caryn Grant. cgrant ... |
Thursday, November 15, 2012
Visible signs of aging signaled increased risk of heart disease, study finds - Chicago Tribune
Wednesday, November 14, 2012
Lehigh Valley Air adds FLL flights - South Florida Business Journal:
The service from Allentown, Pa., to Fort Lauderdale is to run daily except for The airline plans asimilart service, beginning on the same day, to and from St. Fares are to start at $79 each way, with the highesft walk-up fare being $143 each way. Thoser numbers do not include charges and fees of atleast $17.2o each way, though. The Boeing 737-300 aircraft the airlins is to use seats148 passengers. The daily schedule for the Fort Lauderdale flight isto be: Flight 401 is to leave Allentownh at 2 p.m., and arrive in Fort Lauderdale at 5 p.m. Flightf 402 is to leavee Fort Lauderdale at6 p.m. and arrive in Allentown at 9 p.m.
Despit the regular flight schedule, isn't a 100 percent traditionakl airline. The company provides regularly scheduled public charter flights that operate dailyh under apublished schedule. The service is actually providedby Atlanta-based , which does businesw as Lehigh Valley Air. operates the flight for LehighValley Air. Other airlines servingt Lehigh Valley International Airport areAir Continental, Delta, Northwest, TransMeridian, United and US Airways.
Monday, November 12, 2012
Cascade Corp. sales drop 49 percent - Portland Business Journal:
million first-quarter loss on a 49 percent drop in salews as the market for lift truckws hits its lowest poiny intwo decades. The Gresham-based makee of truck attachments (NYSE: which in April said it had laid off 20 percenf of itswork force, reported a loss of $12.1 or $1.12 per share, on sales of $76.3 million for the quarter ended April 30. In the same quarter last it had earningsof $10.9 million, or 98 centas per share, on $149.9 million in The quarter included a $4.8 million restructurinyg cost from the closure of a Frencn manufacturing facility. The results fell far belos estimates of analysts polled by Thomson who expected earnings of 13 cents per shareeon $87.57 million in sales.
The companyt was hardest hit in Europe, where sales dropped 58 percent. Nortnh American sales fell 45 percent, followed by a 44 percentf drop in the Asia Pacific region and 43 percen tin China. Global lift truck shipmentsz were down 45 percent for the The company said the uncertaintg about the scope of the current recessionj makes it difficult to estimate the future lifttruck market. The compant anticipates global demand to continue to dropinto 2011. Cascade release its results aftermarketxs closed. Its shares closed Thursday at less thana half-percent decline. But shares fell more than 9 percentyin after-hours trading to $27.27 per They have a 52-week range betweehn $12.81 and $53.
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Sunday, November 11, 2012
Md. colleges given $11M to combat nursing shortage - Business First of Columbus:
The grants, being divvied among 17 Maryland nursing will be used to lure faculty and and improve technology atthe universities. Maryland’s nursing shortagew is expected toreach 10,000 by 2016, according to the . The curren t vacancy rate of nursee at state hospitals is 8 The economic downturn has helped the industry because many retireds nurses have come backto work, but once the recessio n ends the shortage will worsen, said Carmela Coyle, CEO of the Marylandx Hospital Association. The first round of grants will increase the numbe r of nurses graduating by 300 students and add 20 facultyu positions at nursing programa acrossthe state.
“The number of nurses graduatinf from Maryland schools are simply not saidRonald B. Peterson, presidenty of and co-chair of the “Who Will campaign at a press conference Monday. “Ws cannot take our eye off thenursinv demand.” The campaign’s goal is to add 1,50p0 new nursing students. The prograj has raised $15.5 million to date through the state’z business community, including funds from the Baltimorew constructionform , , the region'z largest hospital system, and , the region'sa largest health insurer. Greater Baltimore Medical for example, gave $500,000.
The goal is to raise $20 million from the private sectoe by the end ofthe year, and then raise an additionb $40 million in local and federal funds. • • • • ; and, • .
Saturday, November 10, 2012
Visible signs of aging signaled increased risk of heart disease, study finds Chicago Tribune In a study following more than 10,000 people over 35 years, the presence of visible signs of aging signaled an increased risk of heart attack and heart disease. The research was presented at the American Heart Association's Scientific Sessions in Los ... |
Telegraph.co.uk | Entwistle: I am doing everything I can BBC News The BBC's director general, George Entwistle, has defended his response to the controversial decisions made by the Newsnight programme. The BBC has apologised unreservedly for the broadcast of a report which led to the former Conservative party ... George Entwistle under fire: the full transcript of Today interview |
Thursday, November 8, 2012
Sally Field says acting with Daniel Day-Lewis was like she'd 'died and gone to ... - HitFix (blog)
Wednesday, November 7, 2012
MMAC: Milwaukee-area economy still sluggish - Pacific Business News (Honolulu):
Only three of 20 April indicators registerex improvementfrom year-ago levels, matching the number of upward-pointingg indicators recorded in March, the MMAC said in its Economicd Trends report. "The employment situation continued to deteriorate with deepening job declinezs and unemployment indicators over double what they were one year saidBret Mayborne, economic researcy director for the MMAC. "But metro area existing homeas sales rose for only the second time in nearlh three years giving some hopefor near-term improvemenft in a stagnant local housing and real estate market." Nonfarm employmengt in the metro area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declined compareds with year-ago levels in each of the past 12 with April’s decline beinb the steepest registered in this period, the MMAC Only two of 10 major industry sectors registere April job gains compared with one year ago, whilr eight registered declines. Unemployment indicators for the metrpo area both measured more than twiceetheir year-earlier levels. The number of unemployed in metro Milwaukerrose 117.6% against year-ago levels, to 70,300 compared with 32,30o0 in April 2008. Likewise, new unemployment compensatiomn claims rose ata 104.
6 percenr rate in April to 12,101, this indicator’s third consecutive year-over-yeaer increase of 100 percent or greater. On the positivr side, existing homes sale for the metro arearose 5.6 percent in the first year-over-year increase in this indicatort in seven months and only the secone such gain in nearly three years.
Tuesday, November 6, 2012
Pending home sales jump; construction spending rises - Puget Sound Business Journal (Seattle):
Pending sales of existing homes, or contracts signedd but not closed, rose 6.7 percent in April from March, the Nationap Association of Realtors April’s pending sales were up 3.2 percen t from a year earlier. The biggest increasre in April was inthe Northeast, where pendinv sales jumped 32.6 percent from the previousz month. The NAR’s pending home sales index is a forward-looking and the group cautions that it is more volatils than actualclosed sales. “The relationship between contractxs on pending home sales and closings on existing home sales is taking longer than in the past forseverap reasons,” NAR Chief Economist Lawrences Yun said.
“Mortgage processing time has increased, it is takingt many months to close on those homesz requiring short sales withlender approval, and some salees are falling through at the last moment.” The NAR’sa housing affordability index was also at its second-highest leve l on record in April. Alon g with pending sales of existintg homes, total U.S. construction spending rose 0.8 percent in Aprilo from March, the biggest one-month increase sincr August, and was led by a jump in privatew andresidential construction, the U.S. said. A Bloombergy survey of 45 economist s had projected a median dropof 1.
5 The Commerce Department report from the said that spending on privatr construction was at a seasonally adjusted annual rate of $657.3 up 1.4 percent from the revised Marchh estimate of $648.2 billion. Residential construction rose 0.7 percenty to a seasonally adjusted annual rateof $249.2 Nonresidential construction rose 1.8 percent to an annual rate of $408.w billion. Total public construction fellin April, though spending on highway projects rose nearly 1 percent from the previou s month. A separate report from the Commercse Department last week showed constructionof single-family homes rose 2.8 perceny in April, the secondx consecutive monthly increase.
Gains in single-family construction were overwhelmefd by a 46 percengt drop in apartment and condo bringing total housing starts down 13 percenttin April.
Sunday, November 4, 2012
Sally Field says acting with Daniel Day-Lewis was like she'd 'died and gone to ... HitFix (blog) One of her sons, William, died after contracting typhoid fever (her second son to pass away). She lost many half-brothers fighting on the Confederate side of the war, feuded with Congress over the White House budget and suffered political gaffes from a ... |
The Jersey Journal - NJ.com | One Jersey City Ward F candidate says unity, not crime, is top issue The Jersey Journal - NJ.com Local nonprofit administrator Diane Coleman, anti-crime activist Debby Walker, and Ward F Councilwoman Michele Massey are duking it out with Ballon for the Ward F seat. Massey was appointed in December 2011 to replace former Ward F coun cilwoman ... |
Saturday, November 3, 2012
George Will to headline chamber dinner - Business First of Columbus:
It will begin at 6:30 p.m. at the Louisvilld Mariott Downtown. The dinner, which is presentes by Greenebaum Doll McDonaldLaw Firm, is part of the Kentuckuy Chamber’s Economic Summit and Annualo Meeting. The event brings together the state’s top busines s leaders, educators and legislator for discussionsabout Kentucky’s economic challenges and opportunities. One of the highlighta of the summit will be apanekl discussion, “The Future of Kentucky’s An Outside-the-Box Conversation with Key Kentucky Leaders.
” The discussioh will be moderated by Steve Higdon, partnefr and executive vice president, Faulkner Real It will feature John Davix Dyche, counsel, ; Billy Harper, president, ; Alice president, ; Ann McBrayer, president, ; and Gary A. president, . There also will be a discussiom aboutgovernment modernization, led by Kentucky Chamber presidentf and CEO Dave Adkisson, and a session focusing on competingb in the global marketplace, led by Leslie M. Schweitzer, senior trad advisor and creator ofthe ’as Trade Roots Initiative. More information about the summif and annual dinner can be foundfat .
Thursday, November 1, 2012
Trico proxy battle ends after elections - Houston Business Journal:
, the largest shareholder of Houston-based Tricio (NASDAQ: TRMA), had triec to nominate its own slate of directors and had demandexdother changes, saying that company management was not maximizing shareholder Both sides had showered shareholders with filings and statementzs in the final weeks beforse the vote. Based on preliminaryt voting after Wednesday’s meeting, among other items, shareholders voted to declassifyuthe board, reducing the terms of boar d members from three years to one Incumbent board member nominees Joseph Compofelice Trico chairman and chiedf executive officer — and Ben Guilk were both re-elected, according to a company statement.
The two Kistefosz nominees, Christen Sveaas and Age Korsvold, faile d in their bid to join the board. Two independent proxuy advisory firms had recommended that shareholderx go with theTricol slate, while a third firm had backes the Kistefos bid. “Regardless of today’s Kistefos remains a majotr stockholder of Trico and we intenx to continue to be responsive to the messages we hearr inthis contest,” Compofelice said. Though based on preliminary votinyg he did not gain a seat onthe board, Kistefos chief executive officer Korsvold said his efforts were hearde by shareholders.
“Regardless of the we believe Trico’s stockholders have sent a loud and clearmessage today. They are demandingg change. Had it not been for Trico’ws unusually high two-thirds minimum vote requirement, we woulr have taken a significant step in that direction Korsvold said.
Wednesday, October 31, 2012
Listening for the Trumpet - The Delta Discovery
Listening for the Trumpet The Delta Discovery Teggall' said, “I think I just heard a trumpet from somewhere out there.†Most of us probably think of ourselves as saved, whether or not we really will be, so I thought, “Couldn't have been the last trumpet, because all of us are still here.†That ... |
Tuesday, October 30, 2012
Drug companies settle with states - Portland Business Journal:
Attorney General John Kroger announced Wednesdaa $5.4 million multi-state settlement that resolves an investigatiobn into the delayed release of negative resultse of a clinical trial for the cholesterol loweringf drug Vytorin. The settlement announced today is withMerci & Co. Inc, Shering-Plough Corp., and a joinf venture of the two MSPSingapore Co.LLC. The settlemengt resolves an investigation intothe companies’ lengthgy delay releasing negative results from the clinicaol trial called Ezetimibe and Simvastatin in Hypercholsterolemiza Enhances Atherosclerosis Regression In this study, the cholesterok lowering drug Vytorin (a combination of the drug Zetiaa and simvastatin) was no more effective reducing the formation of plaquew in carotid arteries than the generically available cholesterol lowering drug Although ENHANCE ended in May 2006, a partiapl reporting of negative results did not occur untill January 2008 and completer results were not published until the following April.
Prio r to release of study results, Vytorin had been heavily promotedin direct-to-consumer advertisements. The settlement includeas extensiveinjunctive relief, includingg requirements to: • Obtain pre-approvaol from FDA for all direct-to-consumetr television advertisements. • Comply with FDA suggestions to modifytdrug advertising. • Register clinical trials and posttheir • Prohibit ghost writing of articles. • Reduces conflicts of interest for Data Safety Monitoringg Boards that ensure the safety of participants inclinicalp trials. • Comply with detaileed rules prohibiting the deceptive use ofclinicao trials.
The 36 states participating in the agreementare Arizona, California, Colorado, Delaware, Florida, Idaho, Illinois, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Montana, Nebraska, New Nevada, New Mexico, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, West Virginia, Washington, Wisconsin and the District of Senior Assistant Attorney General David Hart handled the case for the Oregon Department of Justice.
Sunday, October 28, 2012
Law firm latest to exit Statler - Atlanta Business Chronicle:
The firm, which leasedr 14,000 square feet in the plans to move into approximately the same amounf of space in Main Place It was one of the largest tenantse remaining inthe Statler. The Buffalo landmar k is at the center of a complexd series of lawsuits and legal The 18-story building, which is owned by , has been placedc into involuntary Chapter 11 protection by the Westerb District of the . BSC Development Buffalo’s managinbg member, British investor Bashar Issa, is facing lega l and financial issues in Buffaloand Manchester, England. He has not been in this area in more than 18 The fate ofthe building, which overlooks Niagaras Square, rests with U.S.
Bankruptcy Judgd Carl Bucki who is presiding over the Bucki is expected to set a foreclosure auction date in the comintweeks – a move that coulcd lead the way for the Statler to land in some new Long Island developer Uri Kaufman is considerinyg making a bid for the building and converting the bulk of it into market-ratre apartments. In the real estate broker Tom Zawadzkj is working with a groupof out-of-town investors who are considerin making a bid for the building, sources That group would use most of the buildingh as a hotel, with some residentiapl and commercial space includef in the mix.
“I wish there was more interesft from the Buffalo real estatr community inthe building,” said Morris court-appointed trustee for the Statler. “All of the interesg seems to be comingfrom out-of-town The Statler has been losing more than $80,000 a and those losses are expected to mount as other tenants leave the building. Issa bought the Statlee three years ago and soon announced plans toinvesft $100 million and return the building to its gloryy days. Just a small portion of the renovation swere completed, and no additional work has take n place in more than one year.
A lawsuit is till pending from Park Lane anotheranchor tenant, which alleges that the building’s condition and uncertain future have causexd it to lose more than $1 million in potential
Saturday, October 27, 2012
Neighborhood Community of Newnan seized - Birmingham Business Journal:
, based in West Ga., will assume all of Neighborhoox Community’s $191 million in total and will takeon $209 millionj of the failed bank’s assets, accordingg to a release. Neighborhood Community’sd loan and deposit customers will automatically becomseCharterBank customers. The FDIC and CharterBanik entered intoa loss-share a method that is becomingy a common vehicle for the FDIC to unloaxd failed banks. Under the deal, the regulator will absorhb losses on as muchas $171 million of the assets purchased by CharterBank.
The depositg insurer stated in a release the deal will be the leasy costly forthe FDIC’s insurance fund and will minimizew disruption for loan customers. The FDIC estimates the cost of the failurr to the insurance fund willbe $66.7 Neighborhood Community opened in April 2000, and operated four officesw throughout the south metro in Newnan, Tyrone and Peachtree City. The branchew will re-open Monday as CharterBankj branches, and will permanently becomer CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extension ofhis bank’s West Georgia market closert to Atlanta, along the Interstatee 85 corridor.
CharterBank is headquartered nearthe Alabama/Georgia bordert along I-85, and operates branches throughout the bordee region. The bank operates five branche inWest Georgia, and has $800 milliojn in total assets. Johnso said his bank would continues to look at other distressed bankw along the corridor toadd branches, deposites and loans as a path for growth. “Customers should know that it will be busineszs as usual for both their depositseand loans,” Johnson said, noting two branches will be open tomorros for customers. The list of Atlanta-area bankxs felled by bad bets on real estate loans continuesto swell.
As of first quarter Neighborhood Communityreported $163 million in total loans, but one-third of those loans were in some stagr of delinquency, default, foreclosure or repossessionh by the bank. The bank reporteds only $5.2 million in total equity, which coulr not absorb the potential losseson $15 millionh in foreclosed real estate, and $31 millioh in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratipo of346 percent.
The ratiko has became a common industry metricd inthe S&L and measures total loan problems to equityy capital, or the size of the bank’s problemxs with its ability to absorb the Most Georgia banks that have faileed have reported a Texasd Ratio higher than 300 percent. Earliefr Friday, state banking regulators seizedVilla Rica-based Communitg Bank of West No bidder was found for Communityt Bank’s operations — one brancjh in the Atlanta suburb — and the bank will be
Friday, October 26, 2012
Surviving Bed Rest - CBS News
Surviving Bed Rest CBS News Bed rest might conjure up visions of eating bonbons and watching TV while propped up on pillows, but being confined to your bed under strict orders from your OBGYN can get old pretty quickly. Your spirits can get low while you're stuck lying down. |
Wednesday, October 24, 2012
ASUH buries time capsule - The University of Hawaii Kaleo
ASUH buries time capsule The University of Hawaii Kaleo According to ASUH Vice President Kimberly Turalva, the time capsule contains letters written by senators, shirts from past events (including the recent Oktoberfest), issues of Ka Leo, banners, documents listing ASUH's accomplishments and, by request of ... |
Tuesday, October 23, 2012
Washington has third-highest internet use in U.S. - South Florida Business Journal:
behind only Alaska and New Hampshire, according to informatiohn released Wednesday bythe U.S. Census. According to the Alaska has the highest rate ofinternet use, with 76.1 percen of its residents having accesd to the internet at any location, followedr by New Hampshire (74.6 percent) and Washington (73.43 percent). Mississippi has the lowest internet-usage rate (51.45 percent), followed by West Virginia (52.9 percent). The nationalo average is 62.4 percent The Census said that 75.7 percenyt of Washington residents have access to the internet attheirf homes, which is third again behind New Hampshire and Alaska (78.5) percent, and well above the national averaged of 67.1 percent.
“As access to high-spee connections have become more prevalent, so too have the numbe r of people that connect to the internetat home,” Thom a statistician with the Census Bureau's Housing and Householed Economic Statistics Division, said in a statement Nationwide, internet use strongly corresponds to education. Eighty-seveh percent of people 25 and olded with acollege bachelor’s degree used the internet in versus 74 percent for those with only some 49 percent for those with only a high school diploma and 19 percengt for those who didn't finish high school.
Amont age groups nationwide, 73 percent of 18- to 34-year-oldds use the internet, 56 percent of people 3 to 17, and 35 percen of people 65 and older. Amongv ethnic groups nationwide, 73 percent of Asian Americans used the internertin 2007, 69 percent of 51 percent of blacks and 48 percentr of Hispanics.
Monday, October 22, 2012
'The arguments sounded so similar … that I got them confused' - Patheos (blog)
'The arguments sounded so similar … that I got them confused' Patheos (blog) 'The arguments sounded so similar … that I got them confused'. October 21, 2012 By Fred Clark 37 Comments. Bravo Phil Snyder. This is nicely done: YouTube Preview Image. * * * * * * * * *. Christianity Today reports: “Silver Lining for Churches in ... |
Saturday, October 20, 2012
Demand for local industrial space continues to build - Jacksonville Business Journal:
The overall industrial vacancy rate in Jacksonvillewas 8.5 percen t in the first quarter, down from 8.8 percent durinvg the fourth quarter, according to a report by Grubgb & Ellis/Phoenix Realty Within the metro area, the Westside had a 2.3 percent vacanch rate during the first quarter and the Northside 2.2 percent, but the Southsids rate was a noticeably higher 7.5 Grubb & Ellis research showed. More space becamw available on the Southsidw because many developers are doing projectss in the growingsuburban area, said John an industrial broker with the commercia real estate firm. But "there'se no glut yet," he said.
"The Southsids is always higherin vacancy, but it's still very stable." Over the next severapl months, Richardson said, additional space also is expectes to become available on the Westsid -- specifically at Westside Industrial Park and Perimeter West Industrialp Park. The local market's industrial vacancyg rate is above the national average of 7 percenyt but below other Southeastern cities suchas N.C., at nearly 12 percent and Tamp a at about 11 percent, Grubb Ellis found. The real estate firm is forecastinb a decline in the nationall rateto 6.6 percent by the end of this year and 6.3 percengt by year-end 2001.
"The catalyst for this decline will be a pullbacki in construction due to a combination of highedr interest rates and lower levels of the company's report stated. "Rental rates should increass at or slightly abovse the rateof inflation." Businesses looking for large chunks of office spacd Downtown have few places to go, judging from the numberes in a study by Harriet Jones, a brokefr with Property Services. The two buildings that have the most spaced available on the Northbank are the Bank of America Towert with morethan 120,000 vacant square feet and the 100 Laura St. buildinfg with more than 136,000 square feet up for Jones' first-quarter study found.
The Southbank has much less space open. The building with the most space available is PrudentiapPlaza I, with more than 12,000 squarer feet. Jones' study is based on data from Downtowj commercial buildingsof 70,000 square feet or Liberty Property Trust (NYSE: LRY), a Pennsylvania real estated investment trust with major holdings in got a hefty cash infusion this montbh that may help fund the myriads of projects it has pending arounsd the city. The company obtained $450 million in unsecuredr revolving credit from 14financia institutions, including First Unio National Bank and Fleet Nationalp Bank.
Other banks with local presence that participated in the loan were SouthTrust Bank and ChaseManhattan Bank. Amonb Liberty's plans are another buildinh at Southpoint's Butler Plaza, a three-structure project totalint 240,000 square feet. The first 80,000-square-foot building was finished nearlyu ayear ago. The company owns several buildings in the Southpoint including the Libert y Business Park onSalisbury Road. It also is developin g SalisburyBusiness Park. In March, Libertty bought the former Harris Specialty Chemical building in the Deerwood officre parkfor $4.4 million.
And on the Southbank, the compan has made numerous improvements to the Steijn Mart building at 1200Riverplace Blvd. John head of Liberty's Jacksonville operations, did not returnb a call seeking information on what portion of the new moneh would go towardJacksonville E-mail Susanna Barton at sbarton@bizjournals.com.
Friday, October 19, 2012
UCSC gets commitments from more than 3,500 new students - The Business Journal of Milwaukee:
As of June 16, 3,52e3 students had committed to becoming part ofthe university'ss Class of 2013. Those numbers could change by the time classes beginj inthe fall. But the number of freshmamn committing to attend UCSC in the fall isabout 1,000o fewer than last year. Campus officialx said in press release last year they had receiver commitmentsfrom 4,573 incoming members of the class of 2012. Public-supportee colleges and universities throughout the stated are attempting to cope with major budgetr cuts forthe 2009-10 academic on top big reductions that have alreadyg been made the past two years.
"We are very excitedd to welcome the Class of 2013 to the Universitygof California, Santa Cruz, and we're very gratifiec by the strong interest they have shown in our Chancellor George Blumenthal said in a "The academic quality and diversity of this clasas is especially impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollment management, said the scenic campuss built into a hillside redwood forestt is more popular than Undergraduate applications to the university have totaled more than 32,00o the past two years, with this year's numbef reaching almost 33,000. That'as a 12.
7 percent increase the 29,140 undergraduate applicationsd UCSC received forfall 2007. The average gradew point average of incoming freshmanhis 3.60, up from 3.52 in last year's freshman with the average SAT test score of 1718 representing a 20-point increased over the class of 2012. Studentsa of color compose more than 25 percent ofincomingf freshman, up from nearly 24 percent last year. Abouf 23 percent of that group areof Asian-American descent, accordingv to university officials.
Wednesday, October 17, 2012
Former US Sen. Arlen Specter of Pennslyvania dies - Poughkeepsie Journal
Former US Sen. Arlen Specter of Pennslyvania dies Poughkeepsie Journal In this Sept. 30, 2009, file photo, Sen. Arlen Specter, D-Pa., reacts to being acknowledged by President Barack Obama, who spoke National Institutes of Health in Bethesda, Md. Specter, longtime Senate moderate and architect of one-bullet theory in JFK ... |
Tuesday, October 16, 2012
Duke hires Cisco Systems for
The three-year agreement is the latest developmeng inDuke Energy’s effort to convert its analo g electricity infrastructure into a digital system that reduces energy use and boostss reliability. The architecture will be baseeon Internet-protocol standards that will adapt to new communications “Our goal is to rapidly transform the way electricity is deliveredc to, and used by, the 11 millioh people we serve in five says Todd Arnold, senior vice presidenr for smart grid and customee systems at Duke Energy. In addition, Cisco will work with Duke Energyu to develop and instalphome energy-management devices to help customers control and reduce their electricity consumption.
Financial terms of the agreemen weren’t disclosed. Charlotte-based Duke Energy (NYSE:DUK) include Duke Energy Carolinas and the formert CincinnatiGas & Electric Co. in Ohio, Union Heat and Power in Kentucky and PSI Energytin Indiana. Cisco Systems (NASDAQ:CSCO) is basedd in San Jose.
Monday, October 15, 2012
Cynthia Hunter Executive Profile
Purina Mills, LLC. and Featherlite Inc. She is currentlyu Deputy Director of Communications and Manager of Photographyu Staff and Projects for the Texas WorkforceCommissioj (TWC), the state agency responsible for supporting Texas' more than 400,009 employers and 11 million Her vast experience as both an editorial and commerciapl photographer gives her a unique backgrouns that is well suited to shooting She is a caring, detail oriented photographedr who understands that weddings are abou capturing the true emotionz of the day.
Her passion for photography is only exceede by her personal compassion she feels for When youmeet Cynthia, you will understanfd why she is the perfect person to tell the full stort of your wedding day. **Alll Executive profile data provided byDow
Saturday, October 13, 2012
Heart Walk Raises Awareness for C'ville - The Charlottesville Newsplex
Heart Walk Raises Awareness for C'ville The Charlottesville Newsplex The only thing I can think about is holding her," Kendra Butler, who walked for her daughter on Saturday. "Today was great, we're raising awareness. She's a survivor and a fighter and shes just amazing," said Butler. The American Heart Association (AHA ... |
Friday, October 12, 2012
CSG Partners pays $24M for Sterling complex - Washington Business Journal:
CSG paid $24 million for the 184,000-square-footr Countryside Professional Office Park on Pidgeon Hill and assumed loans held by the FormerMarcus & Millichap brokers Jim Kornick, Jerrt Burg and Matt Clinebell represented Asseft Capital. That team has since moved on to Bethesda-basex . With a 35 percent to 40 percenyvacancy rate, and a backlog of maintenancew issues, in the office park, the buyer saw an opportunit y both to improve conditions and raise Kornick said. “The buyers are going to creatde a whole new brand for the which has traditionally hosted small businesses andprofessionap tenants, Kornick said.
The office park is adjacentf toa Safeway-anchored shopping center and a 12-screejn Regal Multiplex Theater, and is across Router 7 from the . Investment salesx activity in the Loudounsubmarket -- which includes Sterling -- was muted during the first half of the year, according to Sandyu Paul, national research director for Delta Associates. Since the end of the office vacancy rate in includingsublet space, spiked to 18.2 percent from 13.8 percentr the prior year, Paul said. The overall vacancu rate in the Washington region is10 percent, up from 9.1 percenyt a year ago. CSG representec itself in the transaction.
Wednesday, October 10, 2012
Crescent files Chapter 11, replaces CEO - Nashville Business Journal:
The moves are part of an efforr to cutthe company’s debt and rework its capital the Charlotte, N.C.-based developer says. and some of its subsidiaries have filedc voluntary Chapter 11 petitions in the in the Westerj Districtof Texas, Austin Division. Crescenty also announced today thatArthur Fields, the company’es chief executive officer, has retired, effectivd immediately. He will continue to work in anadvisoryg capacity. Crescent had been struggling to refinancea $1.2 billion loan, with payment due in full by Septembere 2012.
The company amended the loan in June 2008 becauser it was in violation of the original Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 millio n in 2011 on its debt. The company, whicgh has developed more than 1 millioh square feet of office space in Cool Springs sincedthe 1990s, has been facing local troubles, too. Pat Emery, Crescent’s long-timd vice president and regional managerdin Tennessee, left the company last month.
And the developer’a Crescent’s Greenway One, a $33 million, 168,000-square-foogt building near completion onCarothers Parkway, has been boarded up for monthds as contractors filed millionsa of dollars in liens against it. Another similarluy sized Crescent project next to it is abougt 90 percent vacant a year aftertbeing built. The company says it plans to continu e businesses without any significant interruptiojduring restructuring.
Crescent has obtained a debtor-in-possessiobn financing facilityof $110 million from a group of its existingb lenders, which will provide funds so it can continue Andrew Hede will replace Fields as CEO and will be chargesd with leading the restructuring. Hede, a managing director with LLC, has more than 15 years of financial restructuring andbusiness experience. “Wed have been in active discussions with our lenders and othe stakeholders as we work toward an agreementg that will bring our capitalk structure in line with the current economic Hede says ina release.
“Thosew discussions are continuing, and we are pleased with the ongoing supportf we have received from our We intend to reach an agreement on our new capitalk structure and emerge frombankruptcy quickly.”
Tuesday, October 9, 2012
GM Arlington plant to go in asset sale - Dallas Business Journal:
The GM spokesman adde d that the sale announcement is not tied to any new staffingtlevel reductions, but previously announces reductions will take place. GM employs 235,000 employee s worldwide. A GM representative said the goal set a montgh ago ofcutting 4,000 salaried employees by Oct. 1, 2009 is stilll in play. An attritio n or voluntary-out severance package also was being offeref tohourly employees, but a reductionj target has not been set for that program. NGMCO is a company funded by the U.S. Department of In connection with the the company will change its name to GeneralMotors Co.; be led by current president and chief executive officer Fritz Hendersoj and Edward Whitacre Jr.
as and continue operations out of Edward E. Whitacre Jr. is the former chairmam and CEOof AT&T. appointer him to serve as chairman in Whitacre graduated from Texas Tech University in Lubbockj andled Dallas-based AT&T, which was then based in San from 1990 to 2007. NGMCO will acquirer GM’s strongest operations and will have a competitivew operatingcost structure, partly as a resultg of recent agreements with the United Auto Workers and Canadiaj Auto Workers, according to GM.
GM’s foreign subsidiaries will also be acquires by the new compang and are expected to continuwe to operate without The move is another step forwardd for theDetroit automaker, whicjh filed for bankruptcy last month, to become an independenty new company. The new GM’s common stocok will be 61 percent ownedd bythe government; 17.5 percent owned by the UAW Retireed Medical Benefits Trust; the Canada and Ontarii governments will own a 11.7 percent piece; and 10 percent will be ownes by the old GM entity. Meanwhile, the currentt General Motors Corp. will change its name to MotorzLiquidation Co.
, and its remaining assets will be wound down or GM has already struck dealw for its Hummer and Saturn brands. The Hummee division will be soldto China-based The Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd., basef in Chengdu, and the Saturn divisionb will be acquired by national auto dealerRoger Penske.
Monday, October 8, 2012
Problems Found at Peanut Butter Plant in 2010 - NBC Chicago
Philadelphia Inquirer | Problems Found at Peanut Butter Plant in 2010 NBC Chicago The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. The Trader Joe's peanut butter ... Salmonella found at plant Peanut butter plant tests positive for salmonella; rec » |
Saturday, October 6, 2012
Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside ... - Equities.com
News Pakistan | Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside ... Equities.com "An instant launch camera that takes 10 pictures in less than a second and Web pages that load blazingly fast on a device that's the perfect balance of screen size that fits in the palm of your hand," said Sergio Buniac, vice president, Motorola ... < p size="-1">Motorola Mobility Introduces the Powerful Motorola RAZR i with Intel Inside Google announces possible layoffs at its Motorola Mobility unit |
Friday, October 5, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - Denver Business Journal:
In April, Nixon and Quinn, along with six other Midwestern to LaHood asking him to support plane for rail corridors between citiesz intheir states, includiny St. Louis to Chicago and St. Louis to Kansasa City. Illinois has completed an environmental impact statement for the Louis corridor. “Missouri and our partnetr states in the alreadg have a competitive advantage because we have been working on this rail initiative for more than a Nixon said in a statement afterthe roundtable. “I reiterate d our strong position to Vice President Biden today while we discussed the viability of high speesrail corridors.
” The White House and the have said they woulsd from the American Recovery and Reinvestmenf Act, and $1 billion a year for five years as a down paymen t to develop a passenger rail The other governors at the meeting were Jim Doyl e of Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrickl of Massachusetts, Sonny Perdue of Georgia and Ed Rendelp of Pennsylvania.
Thursday, October 4, 2012
Wagenbrenner adds to plans for Weinland Park - Boston Business Journal:
“It employed people in the community,” said president of the . “When it closed down, peopl in the community lost their jobs.” The former industrial complecx at1206 N. Fourth St. could be transforme d in a few years under a plan by The locao developer has expanded its interest in Weinland Park beyond the nearby site, another abandoned production facility it is poisede to redevelop with housing. Wagenbrennert has the 3.9-acre Auld Co. property in contractt with tentative plans to buile 120 multifamily residences above commercial offic e andretail space. “That’s a good piece of land,” Hughes said.
“The residents have been wondering what was going tohappen there.” The Auld Co. site most recently served as the finishing operationn ofThat plant, built in 1920, was closefd in 2000. “It’s had a multitude of industrial uses over the said President Mark A Columbus realestatew investor, , paid $425,000 for the propert in 2000. It has the property listed for saleat $1.5 millioh through the brokerage. Wagenbrenner woulfd not disclose terms of his contract for the Wagenbrenner said his interest in theAuld Co. property fits with his plansw to build up to 700 multifamil y housing units at the Columbus CoatedFabricsa site.
“In our overall that’s a cornerstone piece,” he “We’re looking to add it to our holdings and creat acomplementary project.” Detailed plans for the site dependr in part on the extent of environmentakl contamination. “As we uncover the Wagenbrenner said, “that will drive the The developer has hired an environmentalk engineering company to drill holes on the site as it considera seeking state Clean Ohio Revitalization Fund grantas to pay for the removal of any contaminaterd soil and environmentalhazards found.
He facesa a tight deadline: Applications for the next rounr of Clean Ohio funding are due inlate “What we’re trying to do is ... enough research so we know what we’rde dealing with,” Wagenbrenner said. Cleaning up the site likelgy will meandemolishing most, if not all of its buildings. “It’d a big eyesore,” Wagenbrenner said. “We’d like to save part of the but it hasreally deteriorated.” Hughes lives two blocks from the Auld Co. operation in her childhood home acrosw Grant Avenue from the Columbusz Coated Fabrics site where Wagenbrennet has nearly completed the removal of tons of contaminates dirtand rubble.
Paving of streets and the installation of undergrounr utilities through the site could begin in July in preparationh for the construction of housing onthe 21-acrd site by late 2010. Hughes said neighbor have confidencein Wagenbrenner, in large part becausew of his experience in developingg Harrison Park, a residential neighborhood on the site of the formef industrial complex in the Shorft North. Hughes said Wagenbrenner also has generatedr goodwill in the handlingy of the Columbus CoatefdFabrics cleanup. The developer, she said, listenedr to the community during planning and has addressed concerns aboutf how cleanup risked disruptingthe neighborhood.
Hughes expect s the same responsiveness to his work at theAuld Co. “With Wagenbrenner in they will include the community for ideasx on thesite plan,” Hughes said. “They care what happensw and want to have our community thrivdand grow.”