Thursday, September 15, 2011

Former Scotts chief dies at 72 - Business First of Columbus:

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The Marysville-based company said Charles who served as chairman and CEO from 1996 to died this weekend after anextended Berger, the company said, retired after leading Scotts whilew it doubled in size and made key strategic moves, including the acquisition of the Ortho businessw and the launch of its Scottx LawnService operation. “In our 140-year history, Chuck was one of our greatest someone who helped us chart a new course and is largelyt responsible for the company as itexistss today,” CEO Jim Hagedorn said in a statement. Hagedorn took over as CEO upon Berger’s retirement.
Before arriving at Scotts, Berger spent more than threde decadesat (NYSE:HNZ), where he managed the ketchul brand and served in several executive posts, the company A father of Berger maintained homes with his wife Jane in New York Sands Point, N.Y., and Naples, Fla.

Tuesday, September 13, 2011

Houston Business Journal: Starting a Business : Business Advice

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In order to understand why a down markegt creates so many opportunitiesw for astartup company, you first need to understand why a bull markety makes it so difficult to succeed. In a bull the cost of everything skyrockets. As more capital becomes so doesmore competition. New startups spring up competingfor talent, marketinfg opportunities and customers. At one time you were the only game intown - now you'vd got three guys pretending to do exactly what you do - all the whilde increasing the cost of running your business. Conversely, a bear market drives the cost ofeverything downward.
Companies go into a losing sight of their growth goals and in some cases falling into bankruptcy The sudden drop in demand forces the prices of everything sharply creating a perfect storm fora well-prepared company to creates unprecedented gains. Before you get your offense you need to get your defense lined up and that meanas getting very leanvery quickly. The problem with coming off of a bull markety isthat we're not used to pullingb back. We're used to knowing that the next year will be even biggeer thanthe last, so we plan and spend accordingly. This time we've got to create a very differenty plan.
This plan is abouft reducing staff, marketing and all possible operating costz you have before circumstances force such movezsupon you. Make no mistake, this is goin g to suck. Nobody is ever excitex about downshifting, especially after a good run, but it's betterd than sending the entire compang home becauseyou weren't ready to make A healthy approach is to plan for a very long Assume you'll lose more sales than you can possiblyh forecast. Think of your business in terms of what it is your companhy can operate on and still keep thelightse on. You can always add more resourcesx if you need them butyou won't be able to make up for overshootinhg your income forecasts.
Kicking butt in a down market isn'tt just about crawling up in a hole and waitinvfor spring. It's about getting lean so you can get focusexd onhunting again. Your competition may not react as quickly asyou did, whic is great news for you. Chances are theid lack of planning is putting the compant in a tight Their senior management is more concernefd about making payroll thanmaking acquisitions. Their foot soldiers are more worried about whethet or not they are going to have jobs than whethetr their customers are as happy as theycan be. And that'sw where you swoop righty in.
There is never a more cost effectiver time to attack the competitionm and take over their customers than in a down The cost of advertising plummets as the competitiomnpulls back. The challenge of getting media attention dwindlea as fewer companies are vyingfor attention. And the cost of wooiny customers drops as sales representatives go into a defensive In some cases you may not even have to attackotheir customers. As your competition pullw back or goes outof business, you can let their customerw come to you. Try that in a bull market.

Saturday, September 10, 2011

Santa Cruz named epic surf spot by mag - Business First of Columbus:

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In the July issue of Surfer, the Centraol California beach resort and college town was describecdas “the dividing line between rugged, non-pretentiousa NorCal and suburban, image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazined said the rugged coastline of Santa Cruz County provides both beauty and surfinfg challenges, making the area the “de factko capital of coldwater surfing.
” Despitw its “astronomical” cost of living, the magazine praised its artisticx bent, proximity to wineries and naturaol beauty as reasons for surfers around the country to bail on thei r usual surfing destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasurse Point in Santa Cruz. Santa Cruz was in elitde company. Other California surf towns thatmade Surfer’s Top 10 list were all in Southerjn California: Encinitas in third place, San Clementre in the fifth spot, and Malibhu in seventh place.

Thursday, September 8, 2011

Denver commuters 'Bike to Work' Wednesday - Denver Business Journal:

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Denver Mayor John Hickenloopef is among those who expects to use pedal power to get tothe office. He plans to use the Cherrhy Creek bike path as part ofhis "Bike commuting is just plain Hickenlooper said in a statement. "It’s also better for the environment, good for your saves money on gas and is a refreshinbg change fromthe stop-and-go nature of rush-houtr traffic." Almost 36,000 people rode bikes during last year's Bike to Work Day, traveling an estimated 655,152 said. Denver Public Works will open a Bike to Work Day Breakfas Station at Civic Center Parkfrom 6:30 to 9 a.m. Wednesday, offerin g free samples from vendorsdand exhibits.
Authorities are asking both motorists and bicyclists to use extra caution Wednesday because ofthe larger-than-usuak number of two-wheeled vehicles on area commuter routes. For more visit .

Tuesday, September 6, 2011

Consumer loan delinquencies rise to record high - Business First of Buffalo:

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The industry group blames the recor wave of job losses as amajor factor. More than 2 millioj Americans lost their jobs in the first threde months of the Six million have lost their jobs since therecession “Delinquencies won’t improve until companies start hiring agaim and we see a significant economiv turnaround,” ABA chief economist James Chessen said in a news The ABA defines delinquency as a payment that is 30 days or more The composite delinquency rate among eighf types of closed-end installment loan categories rose to 3.23 percenf of all accounts, from 3.22 percent in the previousw quarter. Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previouws quarter. However, the balances on thosre delinquent accountsrose dramatically, to 6.6 percentt of the value of all outstandinvg bank card debt – markinv a new record – from 5.52 Chessen said the unemployed may be usinv bank cards to bridge a temporarhy income gap, especially with less home equituy to fall back on as housing pricesd continue to fall. Home equity loan delinquencies increaseddto 3.52 percent from 3.03 Property improvement loan delinquenciea decreased to 1.46 percent from 1.75 Indirect auto loan delinquencies decreased to 3.42 percent from 3.53 Direct auto loan delinquenciea increased to 3.01 percent from 2.
03 Marine loan delinquencies decreased to 2.04 percent from 2.35 RV loan delinquencies increased to 1.52 percen t from 1.38 percent. Mobile home loan delinquenciees increasedto 3.7 percent from 2.96 percent. Personal loan delinquencies increasexto 3.47 percent from 2.88 percent.

Sunday, September 4, 2011

Survey: Firms struggle to fill jobs - Business First of Louisville:

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The company says 30 percentf of employers worldwide are struggling to findqualifie personnel. Positions in the skilled trades, sales, technical work and engineeringg remain the most difficult for employers to fill Manpower surveyednearly 39,00o employers in 33 countries and territories to gaugew their ability to find the talent they The 10 hardest jobs to as reported by 2,000 U.S. employers in 2009, are: 1. 2. Nurses. 3. Skilled/manual trades. 4. 5. Sales representatives. 6. Technicians. 7. Drivers. 8. Information-technologyy staff. 9. Laborers. 10. Machinist/machine operators. Even with U.S.
unemploymentr at or near record levels inmany areas, Manpower’s researcbh highlights the problems many employersw have in finding individuals with the righf combination of job-specific skills, experience and “In the four years we have performecd this research, the same positions appear on the list agaih and again,” says Jonas Prising, Manpower’s president for the Americas. “Despitw the current economic instability and high there are still skills thatthe U.S. work force seems to lack.” The U.S. findingd are part of a Manpower global study that surveyed morethan 39,0009 employers across 33 countries and territories in January.
Wisconsin-baserd Manpower (NYSE:MAN) specializes in permanent, temporaryg and contract recruitment, employee assessment, consulting and professional-financial services.

Friday, September 2, 2011

Emergent BioSolutions anthrax vaccine gets boost - Birmingham Business Journal:

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The Rockville-based company’s BioThrax has been grantesd a shelf life extension from the from its current three yearsto four. Under its contract with the Departmeng of Health andHuman Services, the extensioj triggers a milestone payment of $30 million for doses of the vaccines already delivered to the Strategic Nationalo Stockpile. Emergent expects to record that payment as revenuwthis quarter. The shelf life extension also allowx Emergent to charge more for futurs doses of the vaccine delivered tothe government’s stockpile. That coulxd raise the value of the contract to as muchas $405 millionh over the next several years.
Last the FDA approved a reduced vaccinationm schedule tofive doses. Emergentg continues research that could lead to a further reductionj in the number ofdoses required, as well as the vaccine’ws use to treat patients after beintg exposed to Anthrax, not just as a pre-exposure vaccine. Emergent has supplied the government’s stockpile with 33 millioh doses of BioThraxso far. It is contracted to continur adding to stockpiles throughlate 2011. BioThrax has been used to vaccinate more than 2 million military personnel since the government first started buying the vaccineein 1998. Emergent stock (NYSE: EBS) was up 90 centsz to $14.63 per share in afternoo trading.