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Sunday, January 27, 2013
Tuesday, January 22, 2013
General aviation airports see signs that better times may not be far away - Kansas City Business Journal:
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After a six-month period that has seen the industryy take hits to its public perception andbottom line, they say a returnb of consumer confidence and lower fuel prices poin toward a blue sky ahead. “If you’rd comparing it to a year ago, we’ve seen a decline,” says Mid West Corporate Aviation CEOMarvin Autry. “(But) things are starting to leveol out.” Autry estimates his business at is down by 15 percentt since this timelast year. Fuel sales at Jabara in March weredown 16.87 percent compareds to a year ago. However, fuel sales went from 61,769 gallons in Februarg to 66,184 gallons in March. Fuel usage has droppeds at the .
Even so, officials there also are seeing signs ofa rebound. Melissa McCoy, spokespersom for the Salina Airport Authority, says March’xs fuel total of 182,205 gallons was the lowest level seen since theearly 90s. But the numbefr of total operations in the firsg quarterwere 16,842. That’s a 1.2 percent decline from last but, she says, it’s a sign things are levelinv off. T.W. Anderson, manager of the , has 114 aircrafr based at his airport. Although his hangars remain he says he has seen a drop in the numbee of aircraft stoppingto refuel. But with spring in the air and theweather clearing, Anderson says more people are returninv to flying their piston-driven planes.
Those airplanes burn AVgas, and Andersohn says sales increased 5 percentin “I think what we’re seeing is more people, now that they have a better handle on the are going back to He has seen a drop in jet fuel sales though, which he says are down 20 percentt from this time last year. crews aren’t flying throughj Newton as theyused to. Anderso n says of the 30 business jets used on the circuirt to fly support teams to andfrom events, Newtob typically sees 6 to 10 a stopping through between coasts. But he says as more crewz fly commercial tocut costs, just one of the NASCA jets has stopped there.
The cost of fuel has droppedc dramatically in the past In Newton, AVgas has fallen from $4.8i a gallon at this time last to $4.02. At Jabara, prices are down to $4.3 a gallon. Similar drops in jet fuel pricese could begin spurring more business jet usageas well. Accordin g to the , the averaged price of jet fuel — $58.40 a barre l as of May 1 — is down 58.7 percen t from this time a year ago. For Autry, lower prices mean more incentive to fly, whether for businessd or for fun. And although he thinkss traffic levels will rebound by leveling off now means the ascentf back to those levelsis coming.
“I think thingss have hit a bottom,” he “I think people are starting to have more confidencde inthe economy.”
After a six-month period that has seen the industryy take hits to its public perception andbottom line, they say a returnb of consumer confidence and lower fuel prices poin toward a blue sky ahead. “If you’rd comparing it to a year ago, we’ve seen a decline,” says Mid West Corporate Aviation CEOMarvin Autry. “(But) things are starting to leveol out.” Autry estimates his business at is down by 15 percentt since this timelast year. Fuel sales at Jabara in March weredown 16.87 percent compareds to a year ago. However, fuel sales went from 61,769 gallons in Februarg to 66,184 gallons in March. Fuel usage has droppeds at the .
Even so, officials there also are seeing signs ofa rebound. Melissa McCoy, spokespersom for the Salina Airport Authority, says March’xs fuel total of 182,205 gallons was the lowest level seen since theearly 90s. But the numbefr of total operations in the firsg quarterwere 16,842. That’s a 1.2 percent decline from last but, she says, it’s a sign things are levelinv off. T.W. Anderson, manager of the , has 114 aircrafr based at his airport. Although his hangars remain he says he has seen a drop in the numbee of aircraft stoppingto refuel. But with spring in the air and theweather clearing, Anderson says more people are returninv to flying their piston-driven planes.
Those airplanes burn AVgas, and Andersohn says sales increased 5 percentin “I think what we’re seeing is more people, now that they have a better handle on the are going back to He has seen a drop in jet fuel sales though, which he says are down 20 percentt from this time last year. crews aren’t flying throughj Newton as theyused to. Anderso n says of the 30 business jets used on the circuirt to fly support teams to andfrom events, Newtob typically sees 6 to 10 a stopping through between coasts. But he says as more crewz fly commercial tocut costs, just one of the NASCA jets has stopped there.
The cost of fuel has droppedc dramatically in the past In Newton, AVgas has fallen from $4.8i a gallon at this time last to $4.02. At Jabara, prices are down to $4.3 a gallon. Similar drops in jet fuel pricese could begin spurring more business jet usageas well. Accordin g to the , the averaged price of jet fuel — $58.40 a barre l as of May 1 — is down 58.7 percen t from this time a year ago. For Autry, lower prices mean more incentive to fly, whether for businessd or for fun. And although he thinkss traffic levels will rebound by leveling off now means the ascentf back to those levelsis coming.
“I think thingss have hit a bottom,” he “I think people are starting to have more confidencde inthe economy.”
Wednesday, January 16, 2013
Free buses bring Chapel Hill livability award - Business Courier of Cincinnati:
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The home of the , Chapell Hill beat out more than 200 municipalities across the nation to claija first-place City Livability Award. Chapel Hill won for citie with populations of fewerthan Charleston, S.C., won for cities with populationsz of more than 100,000. The contest was judged on three criteria: mayoral leadership, creativity and innovation, and the broad impacr on the quality of life for residents. The U.S. Conference of Mayorx honored Chapel Hill for its decision in 2002 to no longerd charge fares to any rider on its bus the organization said in aprese release.
While many bus systems in collegetownz don’t charge students and faculty to ride, a scanrt few provide free service to all The town implemented the fare-free system to encourag e people to take the bus and leavre their cars at home. The plan Ridership on Chapel Hill transit has more than doublef since fares wereeliminated – going from 3 millio n in 2002 to a projected 7 million this “The Chapel Hill Publicx Transit system is the foundation of our sustainable Foy said in a presse release.
“This bus system makes Chapel Hill continuw to be the kind of placepeople love; for us it is an investmen and it has paid off big The town says it is planning a “community to celebrate the livability awar d and that it will releasd details soon.
The home of the , Chapell Hill beat out more than 200 municipalities across the nation to claija first-place City Livability Award. Chapel Hill won for citie with populations of fewerthan Charleston, S.C., won for cities with populationsz of more than 100,000. The contest was judged on three criteria: mayoral leadership, creativity and innovation, and the broad impacr on the quality of life for residents. The U.S. Conference of Mayorx honored Chapel Hill for its decision in 2002 to no longerd charge fares to any rider on its bus the organization said in aprese release.
While many bus systems in collegetownz don’t charge students and faculty to ride, a scanrt few provide free service to all The town implemented the fare-free system to encourag e people to take the bus and leavre their cars at home. The plan Ridership on Chapel Hill transit has more than doublef since fares wereeliminated – going from 3 millio n in 2002 to a projected 7 million this “The Chapel Hill Publicx Transit system is the foundation of our sustainable Foy said in a presse release.
“This bus system makes Chapel Hill continuw to be the kind of placepeople love; for us it is an investmen and it has paid off big The town says it is planning a “community to celebrate the livability awar d and that it will releasd details soon.
Sunday, January 13, 2013
British cycling president demands 'actual facts' about doping from Lance ... - Telegraph.co.uk
stages-paddocks.blogspot.com
Telegraph.co.uk | British cycling president demands 'actual facts' about doping from Lance ... Telegraph.co.uk "Let's not have innuendos and smears, let's have the actual facts and names of places and towns, the amounts. "The sort of thing Armstrong was doing, apparently, according to the USADA report, was not just popping a few pills behind the changing rooms, ... |
Tuesday, January 8, 2013
Why Native Ads Are Bad News for Some Agencies - Adweek
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Adweek | Why Native Ads Are Bad News for Some Agencies Adweek When Capital One set out to endear itself with entrepreneurs, it enlisted Forbes to create blog posts on its behalf about cybercrime and other scourges of small business. Likewise, UPS entrusted Fast Company to create custom infographics that ran on ... |
Monday, January 7, 2013
Chick-fil-A debuts peach milkshake - Orlando Business Journal:
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The fast-food chain will offer a peach flavo hand-spun milkshake from June 1 through Aug. 22 at the chain's mall and stand-alones restaurants. The Peach Milkshake is made with realpeachews "home-style" ice cream and is topped with lightt whipped cream and a maraschino cherry. Atlanta-basec Chick-fil-A also will introduce a smaller milkshake option that will remainj on themenu permanently. Chick-fil-Aw Milkshakes will be sold in 14 oz. or 20 oz. cups and priced at $2.49 and respectively, at most locations.
"We continued to build upon the overall success ofour hand-spunb milkshakes by creating limited-time flavors as a way to celebrate specialk times of the year," said Woodyt Faulk, Chick-fil-A vice president of brand in a statement. "Our previous limited-timd flavors have helped maintain interestt in our milkshake line among existing customerws and also have helpe d us win new customers who were not awareof Chick-fil-A'ds Milkshakes. Some might say it's about time that the chainm basedin Georgia, the 'Peach State,' comes up with a great-tastinfg peach shake with real peaches in Chick-fil-A, with more than 1,440 locations in 38 statesa and Washington, D.C.
, generated more than $2.96 billioj in sales in 2008.
The fast-food chain will offer a peach flavo hand-spun milkshake from June 1 through Aug. 22 at the chain's mall and stand-alones restaurants. The Peach Milkshake is made with realpeachews "home-style" ice cream and is topped with lightt whipped cream and a maraschino cherry. Atlanta-basec Chick-fil-A also will introduce a smaller milkshake option that will remainj on themenu permanently. Chick-fil-Aw Milkshakes will be sold in 14 oz. or 20 oz. cups and priced at $2.49 and respectively, at most locations.
"We continued to build upon the overall success ofour hand-spunb milkshakes by creating limited-time flavors as a way to celebrate specialk times of the year," said Woodyt Faulk, Chick-fil-A vice president of brand in a statement. "Our previous limited-timd flavors have helped maintain interestt in our milkshake line among existing customerws and also have helpe d us win new customers who were not awareof Chick-fil-A'ds Milkshakes. Some might say it's about time that the chainm basedin Georgia, the 'Peach State,' comes up with a great-tastinfg peach shake with real peaches in Chick-fil-A, with more than 1,440 locations in 38 statesa and Washington, D.C.
, generated more than $2.96 billioj in sales in 2008.
Saturday, January 5, 2013
NewStar to buy Florida bank - Boston Business Journal:
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NewStar said it struck a deal tobuy Tampa-based , which has $218 million in assets and operates branche inside super center stores. Boston-base d NewStar, a specialty lender that focusesx on commercial real estate andcompany buyouts, strucik the deal with , an ownert of several small NewStar said it will amend its application with the for approval to become a bank holding compan y and acquire Southern Commerce Bank. The bank reported $141 milliojn in deposits at the end upfrom $122.45 million in the year-earlier FDIC filings show. NewStar expects the transaction to close in the first subject to gaining requiredregulatoryg approvals.
“Southern Commerce is an attractivee platform for NewStar to begin developing a depositorhy franchise in a large market with stronggrowtbh potential,” NewStar CEO Timothy Conway said in a During the first nine months of Southern Commerce posted a net loss of $750,000, comparedd with year-ago net income of according to FDIC filings. Most of the bank’s loan portfolii at the end of September was concentrated in land development and commercialreal estate. The bank chargeds off $1.3 million in troubled loans througn the first three quartersof 2008, or 0.85 percentr of assets, FDIC data shows.
The creditr quality of its loan portfolio has deterioratedx somewhat over thepast year, but remaind relatively healthy. Noncurrent loans were 0.78 percent of totall loans at the endof September, comparex with 0.20 percent in the year-earlier period. Bank executives like to see those ratios well under 2 The bank also is well capitalizexd by regulatory standards andreported $37 million in equity capital.
NewStar said it struck a deal tobuy Tampa-based , which has $218 million in assets and operates branche inside super center stores. Boston-base d NewStar, a specialty lender that focusesx on commercial real estate andcompany buyouts, strucik the deal with , an ownert of several small NewStar said it will amend its application with the for approval to become a bank holding compan y and acquire Southern Commerce Bank. The bank reported $141 milliojn in deposits at the end upfrom $122.45 million in the year-earlier FDIC filings show. NewStar expects the transaction to close in the first subject to gaining requiredregulatoryg approvals.
“Southern Commerce is an attractivee platform for NewStar to begin developing a depositorhy franchise in a large market with stronggrowtbh potential,” NewStar CEO Timothy Conway said in a During the first nine months of Southern Commerce posted a net loss of $750,000, comparedd with year-ago net income of according to FDIC filings. Most of the bank’s loan portfolii at the end of September was concentrated in land development and commercialreal estate. The bank chargeds off $1.3 million in troubled loans througn the first three quartersof 2008, or 0.85 percentr of assets, FDIC data shows.
The creditr quality of its loan portfolio has deterioratedx somewhat over thepast year, but remaind relatively healthy. Noncurrent loans were 0.78 percent of totall loans at the endof September, comparex with 0.20 percent in the year-earlier period. Bank executives like to see those ratios well under 2 The bank also is well capitalizexd by regulatory standards andreported $37 million in equity capital.
Friday, January 4, 2013
Semester In Review - Bwog
sucujovide.wordpress.com
Semester In Review Bwog Sated by parent's box-wine and home-cooking, Bwog now casts a nostalgic gaze backward, and tries to connect the dots of news from this past semester. Here is Bwog's song of the year for some musical accompaniment. The diversity of experience ensures a ... |
Thursday, January 3, 2013
Stock deal at portfolio firm frees up cash for Safeguard Scientifics - Philadelphia Business Journal:
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million in cash, and freed up anotherf $12.3 million in cash due to one of its portfolio companieas completing the second part of a private placement of convertible preferred stock. Safeguard, a Wayne, Pa., investor in information-technology and life-sciences companies, received $19.5 millioj in cash from , which had borrowed that much ona $30 million mezzanine debt facility it had with Safeguarrd (NYSE:SFE). The second part of Clarient’sz private placement extinguished thedebt facility, and releasedr $12.
3 million in cash that Safeguard had put up as collateral to supporft its guarantees of Clarient’s debt, and eliminated Safeguard’es remaining commitments to provide additional capital to Clarienty (NASDAQ:CLRT). The second part of the private placement wasfor $10.9 millionj and closed Thursday. The first part, for $29.12 million, closed March 26. , a Westport., Conn.-basedc venture capital firm, may still purchase another $10 million in convertiblwe preferred stock from Clarientt in the private Safeguard said the private placemenft gives Oak effective controkl of approximately 21 percentof Clarient’s outstandinfg shares, reducing Safeguard’s stake to 47 percent of Clarient’ s outstanding shares.
It also allows Clarient to extinguish all itsoutstanding debt, other than for receivable provides Clarient with additional working capital, and propels Clarient toward its goal of achievingv profitability in 2009 by eliminatinhg interest expense, fees and amortization for the remaindedr of the year, Safeguard said. Clarient provides anatomic pathology and molecular testing services to oncologists and thepharmaceutical It’s based in Aliso Viejo, Calif.
million in cash, and freed up anotherf $12.3 million in cash due to one of its portfolio companieas completing the second part of a private placement of convertible preferred stock. Safeguard, a Wayne, Pa., investor in information-technology and life-sciences companies, received $19.5 millioj in cash from , which had borrowed that much ona $30 million mezzanine debt facility it had with Safeguarrd (NYSE:SFE). The second part of Clarient’sz private placement extinguished thedebt facility, and releasedr $12.
3 million in cash that Safeguard had put up as collateral to supporft its guarantees of Clarient’s debt, and eliminated Safeguard’es remaining commitments to provide additional capital to Clarienty (NASDAQ:CLRT). The second part of the private placement wasfor $10.9 millionj and closed Thursday. The first part, for $29.12 million, closed March 26. , a Westport., Conn.-basedc venture capital firm, may still purchase another $10 million in convertiblwe preferred stock from Clarientt in the private Safeguard said the private placemenft gives Oak effective controkl of approximately 21 percentof Clarient’s outstandinfg shares, reducing Safeguard’s stake to 47 percent of Clarient’ s outstanding shares.
It also allows Clarient to extinguish all itsoutstanding debt, other than for receivable provides Clarient with additional working capital, and propels Clarient toward its goal of achievingv profitability in 2009 by eliminatinhg interest expense, fees and amortization for the remaindedr of the year, Safeguard said. Clarient provides anatomic pathology and molecular testing services to oncologists and thepharmaceutical It’s based in Aliso Viejo, Calif.
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