Thursday, July 19, 2012

Denver gives out 1,234 free building permits - St. Louis Business Journal:

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The free permits issued under the city’s “Homed Renovation Bonanza” program saved residents an estimated $85.774 in officials said. Building-permit fees normally range from $20 to several thousand dollars, depending on the value of the The program aimed to boostr the local economy byencouraginfg home-improvement projects. The free permits, available June 1-15, are for commomn improvement projectsinvolving single-family homes and duplexes. “Wr wanted a bonanza and it seems wegot one,” Denveer Mayor John Hickenlooper said in a statement. “We hopeds to stimulate the local economy by offering an incentive for resident s to make improvements totheid property.
This is a good sign that peopl e are moving forward and doing what they can to get our economty backon track.” The permits are valixd for 180 days.

Wednesday, July 18, 2012

Adam M. Goldstein Executive Profile

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Goldstein has been with the companysince 1988. Prior to 2002 he held the positionx of SeniorVice President, Totalk Guest Satisfaction; Senior Vice President, Marketing; Vice Marketing; Vice President, International Sales and Director, Market Development; and Corporate Secretary to Royal Caribbean's Board of Directors. Goldsteibn serves on the Board of Directors of the Trave l Industry Association ofAmerica (TIA). He was National Chair of TIA in 2001. Goldsteinb also serves on the Board of Trustees ofOur Kids, Inc., the nonprofit with oversighyt responsibility for foster care and related services for approximatelh 5,000 children in Miami-Dade and Monro counties.
In 1998, Advertising Age nameed Goldstein tothe "Marketing 100," the magazine's annuap roundup of the best and brightest American and international marketing Goldstein graduated with honors from Princeton majoring in public policyh at the Woodrow Wilson School of Publicd and International Affairs. He also has a law degree from Harvar and an MBA with distinction from INSEAD, the European business school in France. Goldstein and his wife, Cheryl, have two David and Julie, and live in Miami-Dad e County, Fla.
**All Executive profile data provided byDow

Tuesday, July 17, 2012

Millennium State Bank of Texas fails - Dallas Business Journal:

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The six-year-old bank had one office in Dallaws on Webb Chapel Road nearInterstate 635. Irving-based State Bank of Texas has acquirexd essentially all the assetof Millennium, according to the Federaol Deposit Insurance Corp. Seven groups put in bids for according tothe . All depositors of Millennium State Bank will have access to their funds over the JulyFourthy weekend, according to the FDIC. On Monday July 6, they will automaticallyg become depositors of State Bankof Texas.
“Fro m a customer perspective, they woun’t see any disruption in said Marvin Payne, an FDIC FDIC and Texas Banking Departmenyt staffers are working through the holiday weekendr closing out the books of Millennium State Bank and integratintg them into State Bank of As ofJune 30, Millennium had $118 milliobn in total assets and $115 million in deposits. Statr Bank of Texas has $588 millionj in assets. Millennium’s Northwest Dallas officd will be itsfourth branch. But that won’t be for long.
Stat Bank of Texas is selling its headquarters location on Statee Highway 183 to the Texas Department of Transportation for plannee widening ofthat freeway, said Chan Patelk is the president and CEO of Stats Bank of Texas. Millennium was startecd by a group of investors includinbg businessman George Gouldsby andbankers J.D. Sibilsky and Clyde Sibilsky once ran lendingfor . Hensley was chief lendinbg officerat Dallas’ , which was acquiredr by Houston-based in Septembetr 2002. Millennium first focused on small-business lendingh and owner-occupied real estate loans.
Millennium was profitablew in 2005, but has produced losses ever Millennium tapped Don Flatt to be its presidentt inspring 2008. At the time, board chairmanm Gouldsby said the bank should have a wider rangeeof offerings. “You have to do a lot of things and do a lot of thingsa well to make money for yourselfd andyour investors,” he said in Aprip 2008. Millennium is one of seven banks closed on Thus farthis year, the 52 banks have failefd this year nationwide. In all of 26 banks failed nationwide.
Last two banks in Texas failed: a small institutioh in the town of Sanderson near the Big Bend and Franklin Bank SSB of Thelast Dallas-Fort Worth bank to fail was Tarrantf Bank, which was closed Aug. 25, 1993, according to Commerc Street Capital, a Dallas-based investment

Sunday, July 15, 2012

Haggen beats recession by pleasing thrifty shoppers - bizjournals:

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Today, — with 3,800 employees and stored from Ferndale, Wash., to Oregon Ore. — is the largest independent grocer business basedin Washington. But the company has not forgottemnits roots. It remains headquartere d in Bellingham and controlled by theHaggebn family. Dorothy Haggen, the last of the survivingy founders, continued to show up at one of the local stores for along time. On the Thursday beforde she diedlast fall, Dorothhy Haggen was there selling canduy for her church. Haggen President and CEO Dale Henleyu said the company still abideas by lessons from the company who learned they had to be committed to customer if they wanted to survive durinthe Depression.
Even today, veteran employees will pull a new employee asidr and remind the person of the importance of treatinfshoppers well. “That’s a cultural thing that has stayed with thecompan forever,” said Henley. “That culture came out of the thingzs our founders had to do to take care of customerd and survive during theGreat Depression.” Since joinin Haggen in the mid-1980s, Henley has seen the companyh grow from seven stores with abouft $48 million in sales. Today the companyu has 33 grocery stores underrtwo brands: Haggen Food and Pharmacy and Top The company had revenues of $844 million in 2008. That 2008 revenuer was down slightly — by about 1.
6 percent from 2007. This year, Henley said the company is projectinb revenues to be upslightly — about 1 Despite the relatively flat revenue, Henley said, it’s a relatively good place to be, consideriny the severity of this recession. “I’j really pleased to be in the grocery he said, “instead of selling cars or TVs.” More customerz are shopping and cooking at home, Henley said. And the company has Henley said Haggen still emphasizes but the company also has put a majoer emphasis on coupons andits private-labeo products, as customers have chosen more of them over nationalp brands to save money.
Haggen also is doing more bargaininyg with suppliers and has lookedfor supply-chaimn savings, looking to be more efficient abou how merchandise is shipped to stores, for “We are doing more with and we are working very hard to keep costse down so we can be said Henley, mindful that the groceryt business is one of narrow margins and hyper-competitiveness. The company alwaysa has been careful about said Henley. Because Hagge is privately held, he there isn’t pressure from Wall Street to rapidly ramp up the numbefof stores. The last new storwe the company opened was a Top Food storre in aformer Larry’s Market store that Haggen acquiree last year at .
Haggen recentlyg completed major remodels of twostores — one in Snohomishj County and one in Olympia. Henley said the company has optionws on three locations for new but there are no plans to open new storexthis year. “We are definitel y being careful about where we are spendingh our capital and making sure it is the right thinyto do,” Henley said. But Henleyt said there would be opportunitiesto grow. He want s Haggen to be one of the companies positioned to take advantage of realestate bargains, as well as possibly acquiring competitore that might be struggling because of the The recession has taken a bite out of some of Haggen’sw prepared food business.
But despite the trened of customers looking to save money and cookingfor themselves, Henley said Haggen is still committedc to the long-term strategy that includexs offering customers convenience. “It will be a growthn part of the business,” Henley said. “And when the economy turns around, peoples will start craving for the conveniences as opposede to doing the workfor

Saturday, July 14, 2012

Mass layoffs rise in Missouri, fall in Illinois - St. Louis Business Journal:

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Missouri reported 4,719 initial filings for unemployment insurance in upfrom 3,430 in March and 2,205 in Aprilo 2008, the bureau said in a release. Illinois had 105 layoffds mass layoffsin April, down from 109 in March and up from 47 in Apri l 2008. Illinois reported 17,55p initial filings for unemployment insurancein April, down from 18,0956 in March and up from 4,646 in Aprilo 2008, the bureau said. In the nation had 2,547 mass layoffs and 256,930 initia claims, compared with 2,191 layoffs and 228,387 claims in and 1,272 layoffs and 130,810 claims in April 2008.
The manufacturing sector accounteds for 35 percent of all mass layoffs and 39 percenft of initial claims inApril 2009, up from 31 percent of layoffd and 37 percent of initial claimd a year earlier. All the figures are not seasonallty adjusted.

Thursday, July 12, 2012

Suspicious wires discovered, but no bomb on Delta plane - Reuters

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Suspicious wires discovered, but no bomb on Delta plane

Reuters


NEW YORK (Reuters) - The discovery of suspicious wires in plastic straws aboard a Madrid-bound Delta Air Lines jetliner on Thursday night forced the plane to return to New York, but authorities said they.



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