Netgear Powerline AV 500 Adapter Kit (XAVB5001) PC Magazine Throughput speed is significantly better than what you get with Wi-Fi but the adapters tend to run a little on the hot side. It's hard to beat the convenience of a home Wi-Fi network but it can't touch wired connectivity when it comes to throughput ... |
Saturday, December 31, 2011
Netgear Powerline AV 500 Adapter Kit (XAVB5001) - PC Magazine
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Thursday, December 29, 2011
EOP cuts asset value by $229M - Silicon Valley / San Jose Business Journal:
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The 46 properties together were valuedat $535 millio n before the charge. The 41 Silico Valley properties, all research and development had a gross book valueof $380 says Diane Morefield, a senior vice presidenrt for investor relations. The company declined to say how much ofthe write-downb related to the vallet properties. EOP's assets at June 30 totaled $24.7y billion. The company acquirecd all of itsvalley R&D properties in its 2001 merged with the former of Menlo Park. The write-down follows news that EOP is also workinyg to sella 5.
1 million square-foof industrial portfolio, also acquired in the Spieker merger, to , a San Franciscol pension fund advisor that manages $20 billion in assetsw for corporate and other clients. All or nearlh all of those buildings also are in Silicon Valle and theEast Bay. "Taking an impairment is not good but to keep itin perspective, we are only impairin a small percentage of what we boughf in the Spieker merger, 5 percent of the dollar value of the original purchase," Ms. Morefield says. The companty paid $7.3 billion in cash and stock, including the assumptioj of $2.1 billion in for the Spieker portfolioin 2001, whic h included 38.
5 million square feet of office and industrial buildings, much of it in Silicon The company said from the outset that it intendee to sell the industrial buildings. Jim a senior analyst who followsd EOP for ofNewportg Beach, says the impairment merely formalizesd what has been widely understood in commercial real estate circles: "They dramatically overpaid for Spieker, and this is just truinvg up the values from an accountingg standpoint. It's not a surprise that thesd buildings are worth less than whatthey paid. They boughtf at the peak, and the leasing market has tanked, and R&sD is most vulnerable to those conditions.
" The Spieker merger was the thirr in a seriesfor EOP, he says, and questions remaijn about the wisdom of all three. But Jim a senior vice president at inSantaa Clara, says EOP has fared bettere than many. "A (40) percent write down ... that'sd not bad. We've seen some values drop more than It's not a home run, but it'sw not the biggest blunder of alltime either." The companuy is taking the write-down in anticipation of the properties' sale over then next five The buildings are not core assetes in the EOP portfolio, which the company defines as multi-tenant, Class A officw properties in markets where EOP dominates.
San Jose and San Franciscp remain coreEOP markets. During a comb through of EOP'sx entire portfolio, the company identified more propertiee that it does not believare core, Ms. Morefield said. Those buildings will also presumablgbe sold. These are the only ones that requiredfimpairment charges, however, "because their (market) values are abovwe their current book values." The propertie s were valued generally as though their futures use would be as commercial real estate, Ms. Morefield says.
many R&D and industrial propertyg owners in the valley have been pushing to havetheitr properties' zoning changed to allow residentiaol or retail redevelopment because those propertieas are so much more valuable That was considered in some cases, Ms. Morefielsd says. The 41 San Jose R&D buildings have an aggregateof 1.7 million square feet and are locatedx in Santa Clara, Cupertino, San Mountain View, Sunnyvale, Milpitas and Fremont. The two San Franciscl region offices affected, one in Redwood City and the other in haveabout 180,000 square feet combined.
The company did not releaser any information ontheir occupancy, age or Slack tenant demand in the valley for much of the last four yearas has driven users to the best quality propertiezs available, pushing office users that might have settled for R&eD buildings during the boom back into offices. Distinctionsa between the two property types are notalways however, and it's not uncommon to have significant portionzs of an R&D buildint improved to office standards. The average askingf rent for R&D properties today is less than $1 a square foot plus tenant-borner operating costs such as common-area maintenance, down from a high of more than $4.
5p a square foot a month in late according toReal Estate. Officer rents have followed the same downhill slope, going from a peak of more than $6.50 a square foot a month to about $2 a square foot a BT shows. The office rentz include charges for commonh area maintenance andthe like. R&D is the most prevalent property type inSilicojn Valley, with roughly 2 square feet of R&D buildinges for every square foot of offices. Ther are about 67 million square feet of offices inSilicobn Valley, BT says. There are 154 millionh square feetof R&D The write-down is unlikely to have dramatic or immediate markey repercussions, several sources say.
But commercial appraise Jeff Fillmore of of San Jose says it does emphasizse onekey fact: "It's a strong signalo that a major player in our markety doesn't think rebound is imminent."
The 46 properties together were valuedat $535 millio n before the charge. The 41 Silico Valley properties, all research and development had a gross book valueof $380 says Diane Morefield, a senior vice presidenrt for investor relations. The company declined to say how much ofthe write-downb related to the vallet properties. EOP's assets at June 30 totaled $24.7y billion. The company acquirecd all of itsvalley R&D properties in its 2001 merged with the former of Menlo Park. The write-down follows news that EOP is also workinyg to sella 5.
1 million square-foof industrial portfolio, also acquired in the Spieker merger, to , a San Franciscol pension fund advisor that manages $20 billion in assetsw for corporate and other clients. All or nearlh all of those buildings also are in Silicon Valle and theEast Bay. "Taking an impairment is not good but to keep itin perspective, we are only impairin a small percentage of what we boughf in the Spieker merger, 5 percent of the dollar value of the original purchase," Ms. Morefield says. The companty paid $7.3 billion in cash and stock, including the assumptioj of $2.1 billion in for the Spieker portfolioin 2001, whic h included 38.
5 million square feet of office and industrial buildings, much of it in Silicon The company said from the outset that it intendee to sell the industrial buildings. Jim a senior analyst who followsd EOP for ofNewportg Beach, says the impairment merely formalizesd what has been widely understood in commercial real estate circles: "They dramatically overpaid for Spieker, and this is just truinvg up the values from an accountingg standpoint. It's not a surprise that thesd buildings are worth less than whatthey paid. They boughtf at the peak, and the leasing market has tanked, and R&sD is most vulnerable to those conditions.
" The Spieker merger was the thirr in a seriesfor EOP, he says, and questions remaijn about the wisdom of all three. But Jim a senior vice president at inSantaa Clara, says EOP has fared bettere than many. "A (40) percent write down ... that'sd not bad. We've seen some values drop more than It's not a home run, but it'sw not the biggest blunder of alltime either." The companuy is taking the write-down in anticipation of the properties' sale over then next five The buildings are not core assetes in the EOP portfolio, which the company defines as multi-tenant, Class A officw properties in markets where EOP dominates.
San Jose and San Franciscp remain coreEOP markets. During a comb through of EOP'sx entire portfolio, the company identified more propertiee that it does not believare core, Ms. Morefield said. Those buildings will also presumablgbe sold. These are the only ones that requiredfimpairment charges, however, "because their (market) values are abovwe their current book values." The propertie s were valued generally as though their futures use would be as commercial real estate, Ms. Morefield says.
many R&D and industrial propertyg owners in the valley have been pushing to havetheitr properties' zoning changed to allow residentiaol or retail redevelopment because those propertieas are so much more valuable That was considered in some cases, Ms. Morefielsd says. The 41 San Jose R&D buildings have an aggregateof 1.7 million square feet and are locatedx in Santa Clara, Cupertino, San Mountain View, Sunnyvale, Milpitas and Fremont. The two San Franciscl region offices affected, one in Redwood City and the other in haveabout 180,000 square feet combined.
The company did not releaser any information ontheir occupancy, age or Slack tenant demand in the valley for much of the last four yearas has driven users to the best quality propertiezs available, pushing office users that might have settled for R&eD buildings during the boom back into offices. Distinctionsa between the two property types are notalways however, and it's not uncommon to have significant portionzs of an R&D buildint improved to office standards. The average askingf rent for R&D properties today is less than $1 a square foot plus tenant-borner operating costs such as common-area maintenance, down from a high of more than $4.
5p a square foot a month in late according toReal Estate. Officer rents have followed the same downhill slope, going from a peak of more than $6.50 a square foot a month to about $2 a square foot a BT shows. The office rentz include charges for commonh area maintenance andthe like. R&D is the most prevalent property type inSilicojn Valley, with roughly 2 square feet of R&D buildinges for every square foot of offices. Ther are about 67 million square feet of offices inSilicobn Valley, BT says. There are 154 millionh square feetof R&D The write-down is unlikely to have dramatic or immediate markey repercussions, several sources say.
But commercial appraise Jeff Fillmore of of San Jose says it does emphasizse onekey fact: "It's a strong signalo that a major player in our markety doesn't think rebound is imminent."
Monday, December 26, 2011
Seattle, Bellevue luxury condominium towers are slow to fill up - Puget Sound Business Journal (Seattle):
ishinlyuboqemija.blogspot.com
The units — at Fifteen the Four Seasons Private Residences, Olive 8, Bellevue Towerz and Washington SquareTowers — representy the majority of large condos that have opened here in the past 18 In many cases, dozens of pre-sal agreements booked by developers have failesd to come to fruition. County recorde show just 317 unita have recorded closed sales out ofthe 1,321 offered at theser five projects, which is fewer than some of the developeres had expected to sell at this The sluggish pace of sales is ripplinyg through the region’s housing market. Developers have been forced to extend theire loans and offer extensions and other support to naildown buyers.
If saless don’t pick up, some of the pain coulc spread to lenders and others involvedwith development. Empty towers also are hardluya sales-booster for the region’s fragile housing market, whicy has only recently seen an uptick in salesd following a brutal year. “It’s a psychology question,” said Desirere Phair, regional labor economist for Seattle-King “I can imagine how people will feel lookinhg around and how confident people will feel in making The reasons for the sales slowdowhnare numerous. Some prospective buyers are havint difficulty selling their current homes to pay for their new which rangefrom $369,000 for a studio to $9.
2 million for a four-bedrooj penthouse. Some potential buyers have either lost jobs or fear they Others no longer qualify for the loan they lined up when they first agreedto buy. With housing prices still sliding, some buyersz also wonder if they might be payingttoo much. “A lot of buyersa are questioning what the real valuee of those unitsreally are,” said land use economisg Matt Gardner, a principao in market research firm Gardner Economics LLC, based in Speculators who bet that prices would rise also aren’ t closing.
Bellevue Towers is being sued by prospectivee buyers who want their earnestmonegy back, while some prospective buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economhy have changed,” said Mark Edlen, a principall at Portland-based Gerding Edlen Development, the developer of Bellevude Towers. “We’re trying to work with each individual The Puget Sound Businesss Journal used data provided by the King County Departmenyt of Assessments in calculating completed sales for each condo The records run through the first week of June and only includer sales ofcompleted units.
In some cases, developerxs have closed on more units since then that have not yet been The Olive 8 development in downtown Seattl has completed 16 sales out of 229 unitsw since it openedin April, accordingy to county data. While developer said the projec has closed at least a dozemore sales, that’s still half of the closingd it had anticipated by this time, said Presideny David Thyer. Across the lake, Bellevue Towerse has recorded just 29 sales out of 534 according tocounty records. The who say they have since closed on severaolmore units, say they didn’t have a set sales but were anticipating “more than that.
” To be developers have recently reported an uptick in buyetr interest as part of the housinh market’s improvement in the last couple of Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expect to pay off their construction loans shortly. And few new projects are in the works to furthe r floodthe market. But sales struggles illustrate the plethora of issuesw that are still affectinf the residential realestate market. As a result, developerws are pulling out a host of tools to fillemptty buildings. Among them: — R.C.
Hedreen, the developer of Oliv 8, has turned itself into a lended and is offering qualified potential buyers second That allows potential home buyerswho don’tt meet stricter condo mortgage guidelines to afford the home, said Thyer. “We’re in a position to make those loans,” he said. Washington Square developer is also offering second mortgages at interest rates matchedd to thefirst mortgage. — Some developers are offering buyerd who have put down earnest money extensions on their closinvg date as they work through thelendingh process, including Olive 8, Fifteem Twenty-One Second Avenue and Bellevuee Towers.
— Bellevue Towers has started a “seller assistance program,” availabled to potential buyers who have already put money down on a condpbut can’t go through with the purchase because their current homes won’t If the buyer has to lower the pricde of the current home, Bellevud Towers will similarly lower the pricse of the condo, said Patrick Clark, principalp of RealtyTrust.
— Washington Square, perhapa the most aggressive in its sales is offering outside real estate agents a 3 percent commission on any sales they bring to the The project also hasa lease-to-ow program under which a renter can apply up to six monthsw of lease payments to the down payment if the rented decides to buy the unit. So far 52 units have been leasefd underthe program. It’s too soon to tell how many will be convertecto sales, with the majority of the leases carryinh into 2010, said Mike Nielson, the chiegf operating officer of Washington As developers wrangle with prospective buyers for they also are working with lenders.
The units — at Fifteen the Four Seasons Private Residences, Olive 8, Bellevue Towerz and Washington SquareTowers — representy the majority of large condos that have opened here in the past 18 In many cases, dozens of pre-sal agreements booked by developers have failesd to come to fruition. County recorde show just 317 unita have recorded closed sales out ofthe 1,321 offered at theser five projects, which is fewer than some of the developeres had expected to sell at this The sluggish pace of sales is ripplinyg through the region’s housing market. Developers have been forced to extend theire loans and offer extensions and other support to naildown buyers.
If saless don’t pick up, some of the pain coulc spread to lenders and others involvedwith development. Empty towers also are hardluya sales-booster for the region’s fragile housing market, whicy has only recently seen an uptick in salesd following a brutal year. “It’s a psychology question,” said Desirere Phair, regional labor economist for Seattle-King “I can imagine how people will feel lookinhg around and how confident people will feel in making The reasons for the sales slowdowhnare numerous. Some prospective buyers are havint difficulty selling their current homes to pay for their new which rangefrom $369,000 for a studio to $9.
2 million for a four-bedrooj penthouse. Some potential buyers have either lost jobs or fear they Others no longer qualify for the loan they lined up when they first agreedto buy. With housing prices still sliding, some buyersz also wonder if they might be payingttoo much. “A lot of buyersa are questioning what the real valuee of those unitsreally are,” said land use economisg Matt Gardner, a principao in market research firm Gardner Economics LLC, based in Speculators who bet that prices would rise also aren’ t closing.
Bellevue Towers is being sued by prospectivee buyers who want their earnestmonegy back, while some prospective buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economhy have changed,” said Mark Edlen, a principall at Portland-based Gerding Edlen Development, the developer of Bellevude Towers. “We’re trying to work with each individual The Puget Sound Businesss Journal used data provided by the King County Departmenyt of Assessments in calculating completed sales for each condo The records run through the first week of June and only includer sales ofcompleted units.
In some cases, developerxs have closed on more units since then that have not yet been The Olive 8 development in downtown Seattl has completed 16 sales out of 229 unitsw since it openedin April, accordingy to county data. While developer said the projec has closed at least a dozemore sales, that’s still half of the closingd it had anticipated by this time, said Presideny David Thyer. Across the lake, Bellevue Towerse has recorded just 29 sales out of 534 according tocounty records. The who say they have since closed on severaolmore units, say they didn’t have a set sales but were anticipating “more than that.
” To be developers have recently reported an uptick in buyetr interest as part of the housinh market’s improvement in the last couple of Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expect to pay off their construction loans shortly. And few new projects are in the works to furthe r floodthe market. But sales struggles illustrate the plethora of issuesw that are still affectinf the residential realestate market. As a result, developerws are pulling out a host of tools to fillemptty buildings. Among them: — R.C.
Hedreen, the developer of Oliv 8, has turned itself into a lended and is offering qualified potential buyers second That allows potential home buyerswho don’tt meet stricter condo mortgage guidelines to afford the home, said Thyer. “We’re in a position to make those loans,” he said. Washington Square developer is also offering second mortgages at interest rates matchedd to thefirst mortgage. — Some developers are offering buyerd who have put down earnest money extensions on their closinvg date as they work through thelendingh process, including Olive 8, Fifteem Twenty-One Second Avenue and Bellevuee Towers.
— Bellevue Towers has started a “seller assistance program,” availabled to potential buyers who have already put money down on a condpbut can’t go through with the purchase because their current homes won’t If the buyer has to lower the pricde of the current home, Bellevud Towers will similarly lower the pricse of the condo, said Patrick Clark, principalp of RealtyTrust.
— Washington Square, perhapa the most aggressive in its sales is offering outside real estate agents a 3 percent commission on any sales they bring to the The project also hasa lease-to-ow program under which a renter can apply up to six monthsw of lease payments to the down payment if the rented decides to buy the unit. So far 52 units have been leasefd underthe program. It’s too soon to tell how many will be convertecto sales, with the majority of the leases carryinh into 2010, said Mike Nielson, the chiegf operating officer of Washington As developers wrangle with prospective buyers for they also are working with lenders.
Saturday, December 24, 2011
Central Texas' top business and economic stories of 2011 - Austin American-Statesman
ra-iwinyro.blogspot.com
Central Texas' top business and economic stories of 2011 Austin American-Statesman By Brian Gaar It was a year of ups and downs for Austin businesses. Big employers like Samsung Austin Semiconductor and video game publisher Electronic Arts brought jobs to town, to much fanfare. But in a sign that the economic downturn's sting still ... |
Thursday, December 22, 2011
ASPCA(R) Releases New Data Concerning Spot-On Flea and Tick Control
ibitasony.wordpress.com
"Products labeled for dogs must neved be used oncats -- doinyg so can result in serious illnessx and even death," says Dr. , Medical Directo r of the ASPCA's Bergh Memorial Animal "A veterinarian must always be consultefd beforeusing spot-on flea and tick treatmente on very young, old, sick or pregnant pets." The ASPCA receivesz more than 700 calls dailg from veterinarians and pet parents, resulting in over 150,000 annualp cases involving medications, insecticides, plantxs and foods. ASPCA epidemiologist Dr. analyzed data from publix calls managed by the ASPCA regardingt flea andtick products.
The data identified two key When cats were treatedinappropriately (not per labekl directions), they are significantly more likelyt to experience severe reactions: no illness despite a call to the ASPCwA (18%), mild illness (17%), moderat e illness (45%), major illness (19%), and deathn (2%). When dogs and cats were treatedcorrectly (per labep directions), the likelihood of severe adverse reaction was significantlyu less: no illness despite a call to the ASPCw (7%), mild illness (69%), moderate illness (22%), major illnessx (2%), and death (0.1%).
"The important take-homer message is that although adverse reactions can occur with all flea andtick products, most effects are relativel y mild and include skin irritatioh and stomach upset," says Dr. , ASPCA veterinaryu toxicologist and Senior Vice President AnimaklHealth Services. "Pet parents should not discontinues using products as directed by the product labell when faced with aflea infestation." Using products as directex and making necessary adjustmenta based on health will greatly reduce adverse reactions from flea and tick or any othe medical products.
Fleas cause anemia (low blood carry tapeworms, and can transmit infectionzs suchas Bartonella; ticks transmit many diseases including Lyme Diseaser and Rocky Mountain Spotted Fever. The risk to pets from these diseases is greater than the risk of adverss reactions when products areuse appropriately. Founded in the ASPCA(R) (The American Societuy for the Prevention of Cruelty to was the first humane organization established in the and today has more than one millioj supporters throughoutNorth America. A 501 [c][3] not-for-profit the ASPCA's mission is to provide effective meanws for the prevention of cruelty to animals throughou theUnited States.
The ASPCA provides local and national leadershipin animal-assisted therapy, animal behavior, animal poison anti-cruelty, humane education, legislative services, and shelter outreach. The New York City headquartersz housesa full-service, accredited, animal hospital, adoption and mobile clinic outreach program. The Humanse Law Enforcement department enforcesNew York's animal crueltg laws and is featured on the realitt television series "Animal Precinct" on Animal For more information, please visit .
"Products labeled for dogs must neved be used oncats -- doinyg so can result in serious illnessx and even death," says Dr. , Medical Directo r of the ASPCA's Bergh Memorial Animal "A veterinarian must always be consultefd beforeusing spot-on flea and tick treatmente on very young, old, sick or pregnant pets." The ASPCA receivesz more than 700 calls dailg from veterinarians and pet parents, resulting in over 150,000 annualp cases involving medications, insecticides, plantxs and foods. ASPCA epidemiologist Dr. analyzed data from publix calls managed by the ASPCA regardingt flea andtick products.
The data identified two key When cats were treatedinappropriately (not per labekl directions), they are significantly more likelyt to experience severe reactions: no illness despite a call to the ASPCwA (18%), mild illness (17%), moderat e illness (45%), major illness (19%), and deathn (2%). When dogs and cats were treatedcorrectly (per labep directions), the likelihood of severe adverse reaction was significantlyu less: no illness despite a call to the ASPCw (7%), mild illness (69%), moderate illness (22%), major illnessx (2%), and death (0.1%).
"The important take-homer message is that although adverse reactions can occur with all flea andtick products, most effects are relativel y mild and include skin irritatioh and stomach upset," says Dr. , ASPCA veterinaryu toxicologist and Senior Vice President AnimaklHealth Services. "Pet parents should not discontinues using products as directed by the product labell when faced with aflea infestation." Using products as directex and making necessary adjustmenta based on health will greatly reduce adverse reactions from flea and tick or any othe medical products.
Fleas cause anemia (low blood carry tapeworms, and can transmit infectionzs suchas Bartonella; ticks transmit many diseases including Lyme Diseaser and Rocky Mountain Spotted Fever. The risk to pets from these diseases is greater than the risk of adverss reactions when products areuse appropriately. Founded in the ASPCA(R) (The American Societuy for the Prevention of Cruelty to was the first humane organization established in the and today has more than one millioj supporters throughoutNorth America. A 501 [c][3] not-for-profit the ASPCA's mission is to provide effective meanws for the prevention of cruelty to animals throughou theUnited States.
The ASPCA provides local and national leadershipin animal-assisted therapy, animal behavior, animal poison anti-cruelty, humane education, legislative services, and shelter outreach. The New York City headquartersz housesa full-service, accredited, animal hospital, adoption and mobile clinic outreach program. The Humanse Law Enforcement department enforcesNew York's animal crueltg laws and is featured on the realitt television series "Animal Precinct" on Animal For more information, please visit .
Tuesday, December 20, 2011
Drew Miller relishes expanded role with Red Wings - The Detroit News
wilhelminadora4287.blogspot.com
Drew Miller relishes expanded role with Red Wings The Detroit News By Ted Kulfan Justin Abdelkader battles with Oilers' goalie Nikolai Khabibulin during the first period. (John Ulan / Associated Press) Edmonton, Alberta â€" There were times last season that left Drew Miller wondering what more he could do. ... |
Sunday, December 18, 2011
Cordray pans Chrysler sale over dealer worries - Dayton Business Journal:
ocybakenos.wordpress.com
Cordray and officials from nine other states filer a limited objection and statemengt in support of auto dealers this week in of New Attorneys general argued thesale shouldn’t alloq the bankrupt automaker to escape requirement of state laws, including those pertaininb to the termination of dealership agreements. “On less than 30 notice, Chrysler proposes to reject dozens of dealerf agreementsin Ohio,” Cordray said in a release. “Somre consideration should be given to those andChrysler shouldn’t be allowed to disregarde its obligations under Ohio law.” Chrysler announcedr in mid-May its plan to cut 789 dealerships from its .
Automotive News reported this week that a Bankruptcu Court hearing has been set for June 3on Chrysler’sd move to revoke the franchises. Cordray previouslyy has filed objections to the sale over the effectsethat Chrysler’s deal to emerge as a new company undee a partnership with Italian automaker Fiat could have on Ohio’s Lemon Law and its workers’ compensation system. Cordray said attorneyxs from Ohio and other states are negotiating withAuburn Mich.-based Chrysler on both issues.
Cordray and officials from nine other states filer a limited objection and statemengt in support of auto dealers this week in of New Attorneys general argued thesale shouldn’t alloq the bankrupt automaker to escape requirement of state laws, including those pertaininb to the termination of dealership agreements. “On less than 30 notice, Chrysler proposes to reject dozens of dealerf agreementsin Ohio,” Cordray said in a release. “Somre consideration should be given to those andChrysler shouldn’t be allowed to disregarde its obligations under Ohio law.” Chrysler announcedr in mid-May its plan to cut 789 dealerships from its .
Automotive News reported this week that a Bankruptcu Court hearing has been set for June 3on Chrysler’sd move to revoke the franchises. Cordray previouslyy has filed objections to the sale over the effectsethat Chrysler’s deal to emerge as a new company undee a partnership with Italian automaker Fiat could have on Ohio’s Lemon Law and its workers’ compensation system. Cordray said attorneyxs from Ohio and other states are negotiating withAuburn Mich.-based Chrysler on both issues.
Thursday, December 15, 2011
Buffalo unemployment rate soars to 9% - Business First of Buffalo:
fugycyquwod.blogspot.com
The state reported the unemploymeny rate jumped to 9 percentlast month, comparedd with 6.3 percent in January 2008 and 7.1 percenf in December. According to statistics dating backto 1990, the previouxs monthly high was 8.8 percenyt in February 1992. The revised figures for the year-over-year perios from January 2008 to January 2009 werereleaser Thursday. The number of nonfarm jobs locally has decreasedby 4,600, or 0.9 the report said. Also, this is only the sixtbh time in that span that unemploymenty in the Buffalo area has topped 8 The downward spiral is being felt acroses the state as unemployment roseto 5.4 percentr for all of 2008 the highest annual level since 2004. Gov.
Davic Paterson, wrapping up two days of meetings in theBuffaloo area, noted more than 125,00o New Yorkers have lost their jobs in the last six “These numbers clearly demonstrate what we alreadyg know: New York is at the epicenterr of this global fiscal crisis, and the worsyt is yet to come," Paterson said, noting that almosy half a million New Yorkers are collectinyg unemployment benefits. Rochester’s private-sector job count was relativelgy flat in thepast year, dropping by 400, or 0.1 That metro area’s unemployment rate was 8 percent in January 2009, compared to 5.7 percent in Januar y 2008 and 6.7 percent in December of last year.
Amonb other Upstate New York metropolitan areas, Albany lost 6,4009 private-sector jobs in the past year, a fall of 1.5 with an unemployment rate of 7.1 Syracuse was down 2,000 such or 0.8 percent, while the jobleszs rate was 8.3 percent. Glens Falls had the highesty unemployment rateat 9.3 percent. One bit of good news was foun in aseparate report. The New York Employee Confidencew Indexrebounded 9.6 points to 45.5 in January, according to the latest (Corp.) Employment Report. The monthlhy survey of New York workers, conductedx by Rochester-based , shows that more workers are confidentf in their ability to find anew job.
nearlh half (48 percent) of workers surveyed reported that they were confidentf in their ability to find anew job, an increass of 15 percentage points from December. slightlyy more workers (10 percent) believed more jobs are available, a five-percentage-point increasre from the previous month. 65 percent of workers are confidenft in the future of theircurrent employer, an increase of six percentagde points from December.
The state reported the unemploymeny rate jumped to 9 percentlast month, comparedd with 6.3 percent in January 2008 and 7.1 percenf in December. According to statistics dating backto 1990, the previouxs monthly high was 8.8 percenyt in February 1992. The revised figures for the year-over-year perios from January 2008 to January 2009 werereleaser Thursday. The number of nonfarm jobs locally has decreasedby 4,600, or 0.9 the report said. Also, this is only the sixtbh time in that span that unemploymenty in the Buffalo area has topped 8 The downward spiral is being felt acroses the state as unemployment roseto 5.4 percentr for all of 2008 the highest annual level since 2004. Gov.
Davic Paterson, wrapping up two days of meetings in theBuffaloo area, noted more than 125,00o New Yorkers have lost their jobs in the last six “These numbers clearly demonstrate what we alreadyg know: New York is at the epicenterr of this global fiscal crisis, and the worsyt is yet to come," Paterson said, noting that almosy half a million New Yorkers are collectinyg unemployment benefits. Rochester’s private-sector job count was relativelgy flat in thepast year, dropping by 400, or 0.1 That metro area’s unemployment rate was 8 percent in January 2009, compared to 5.7 percent in Januar y 2008 and 6.7 percent in December of last year.
Amonb other Upstate New York metropolitan areas, Albany lost 6,4009 private-sector jobs in the past year, a fall of 1.5 with an unemployment rate of 7.1 Syracuse was down 2,000 such or 0.8 percent, while the jobleszs rate was 8.3 percent. Glens Falls had the highesty unemployment rateat 9.3 percent. One bit of good news was foun in aseparate report. The New York Employee Confidencew Indexrebounded 9.6 points to 45.5 in January, according to the latest (Corp.) Employment Report. The monthlhy survey of New York workers, conductedx by Rochester-based , shows that more workers are confidentf in their ability to find anew job.
nearlh half (48 percent) of workers surveyed reported that they were confidentf in their ability to find anew job, an increass of 15 percentage points from December. slightlyy more workers (10 percent) believed more jobs are available, a five-percentage-point increasre from the previous month. 65 percent of workers are confidenft in the future of theircurrent employer, an increase of six percentagde points from December.
Tuesday, December 13, 2011
Google agrees to $125M settlement of publishers
xysecurakihir.blogspot.com
Google, the Authors Guild and the Association of Americaj Publishers said Tuesday that the searc h giant will pay to settlsethe three-year-old class-action lawsuit over book-scanning. The moneg paid by Mountain View-based Google (NASDAQ: will be spent on claims by authors and publishers and to coveelegal fees. Suits were filed on behalf of the Cos. MHP), (NYSE: PSO), (NYSE: JW-A) and , whic is owned by (NYSE: CBS). The fundsa will also help set up the BookRight Registry, an independent nonprofit that will act as a go-betweenh for rights-holders, allowing them to decide whethedr to participate in Google’s scanning The settlement must be approverd by the U.S.
District Court for the Southerhn District ofNew York. The suit was filed afted Google began its project to allow users to searchy the contents of thousands of bookxin 2004, working with organizations includinv the universities of California, Wisconsin and Michigan and . Googlre worked to spin the news positivelt on itsofficial blog, emphasizing the “truly nature of the agreement and not mentioning the dollar amount of the settlemenf in the blog entrgy at all. That news was in a separate press release.
In an issuer statement on its web site, Google comparex its book search project toJohnannex Gutenberg’s development of the printing press in the 15th “The result of his labors was an invention that took the world’sd information and made it exponentially more accessiblee and useful,” Google says of Gutenberv on its site. The statement written before thesettlemenyt — goes on to question the reasons publishers disagreed with Google over the
Google, the Authors Guild and the Association of Americaj Publishers said Tuesday that the searc h giant will pay to settlsethe three-year-old class-action lawsuit over book-scanning. The moneg paid by Mountain View-based Google (NASDAQ: will be spent on claims by authors and publishers and to coveelegal fees. Suits were filed on behalf of the Cos. MHP), (NYSE: PSO), (NYSE: JW-A) and , whic is owned by (NYSE: CBS). The fundsa will also help set up the BookRight Registry, an independent nonprofit that will act as a go-betweenh for rights-holders, allowing them to decide whethedr to participate in Google’s scanning The settlement must be approverd by the U.S.
District Court for the Southerhn District ofNew York. The suit was filed afted Google began its project to allow users to searchy the contents of thousands of bookxin 2004, working with organizations includinv the universities of California, Wisconsin and Michigan and . Googlre worked to spin the news positivelt on itsofficial blog, emphasizing the “truly nature of the agreement and not mentioning the dollar amount of the settlemenf in the blog entrgy at all. That news was in a separate press release.
In an issuer statement on its web site, Google comparex its book search project toJohnannex Gutenberg’s development of the printing press in the 15th “The result of his labors was an invention that took the world’sd information and made it exponentially more accessiblee and useful,” Google says of Gutenberv on its site. The statement written before thesettlemenyt — goes on to question the reasons publishers disagreed with Google over the
Sunday, December 11, 2011
Collegiate appoints board members - Houston Business Journal:
wilhelminadora4287.blogspot.com
• Nelea Absher, vice president and associate general counsel, • Anne-Marie Brown, founder, Suzanne Oldham, founder, Tuffy Wood, managing director, Morgann Keegan & Co. • Cindy Skarbek, director of the Bashar Masri, director and senio r engineerof . Four trustees were reappointed tothe school’sd board. They are: • Marine management consultantyBarker Price, who will serve as boar president for the 2009-1o0 school year; • Merrell Wall general manager of the Monogram line for , and 1974 who will serve as vice • Former Brown-Forman vice chairwoma and CFO Phoebe Wood, who will serve as treasurer; and Former management consultant Leslie Geoghegan, who will serve as Corrie Nichols, president of the Louisville Collegiate School Parents Association, will serve as parent representativre on the board.
Former Brown-Forman president Bill Street, whose term on the board was named adirector emeritus.
• Nelea Absher, vice president and associate general counsel, • Anne-Marie Brown, founder, Suzanne Oldham, founder, Tuffy Wood, managing director, Morgann Keegan & Co. • Cindy Skarbek, director of the Bashar Masri, director and senio r engineerof . Four trustees were reappointed tothe school’sd board. They are: • Marine management consultantyBarker Price, who will serve as boar president for the 2009-1o0 school year; • Merrell Wall general manager of the Monogram line for , and 1974 who will serve as vice • Former Brown-Forman vice chairwoma and CFO Phoebe Wood, who will serve as treasurer; and Former management consultant Leslie Geoghegan, who will serve as Corrie Nichols, president of the Louisville Collegiate School Parents Association, will serve as parent representativre on the board.
Former Brown-Forman president Bill Street, whose term on the board was named adirector emeritus.
Friday, December 9, 2011
Reed Smith managing partner challenger DiNome withdraws candidacy - Business First of Louisville:
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John DiNome, a partner in the Pittsburgh-based law firm’s Philadelphi a office, withdrew his candidacy for managinfpartner Tuesday. The announcement was made internally via an internao joint announcement issued by DiNome and incumbentGregorg Jordan. Jordan, who completes his thirrd three-year term Dec. 31, will run unopposesd for his fourth term. “They sat down and talked and discovered they had a lot ofcommonn ground,” said Reed Smith Chieg Marketing Officer David Egan. “Many of the things John was concernerd about, Greg as working on. They agreee that the best thing for the firm was to focud on business insteadof competing.
Reed Smith is Pittsburgh’xs second-largest law firm and eighth-largest private company, During Jordan’ds tenure, Reed Smith grew from a regionao firm with 500 lawyers in nine officesx to an international powerhousewith 1,6834 lawyers in 23 offices. It had 2008 revenud of $980 million. Like many international law firms, Reed Smit has been affected by the cutting support staff and 26 associates over the past acrossthe U.S. by 10 effective in July.
John DiNome, a partner in the Pittsburgh-based law firm’s Philadelphi a office, withdrew his candidacy for managinfpartner Tuesday. The announcement was made internally via an internao joint announcement issued by DiNome and incumbentGregorg Jordan. Jordan, who completes his thirrd three-year term Dec. 31, will run unopposesd for his fourth term. “They sat down and talked and discovered they had a lot ofcommonn ground,” said Reed Smith Chieg Marketing Officer David Egan. “Many of the things John was concernerd about, Greg as working on. They agreee that the best thing for the firm was to focud on business insteadof competing.
Reed Smith is Pittsburgh’xs second-largest law firm and eighth-largest private company, During Jordan’ds tenure, Reed Smith grew from a regionao firm with 500 lawyers in nine officesx to an international powerhousewith 1,6834 lawyers in 23 offices. It had 2008 revenud of $980 million. Like many international law firms, Reed Smit has been affected by the cutting support staff and 26 associates over the past acrossthe U.S. by 10 effective in July.
Wednesday, December 7, 2011
Medical College receives large donations - The Business Journal of Milwaukee:
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The Kerns' $10 million donation, the largest singl e private gift in theWauwatosa school’s history, will be used to develo p a biomedical research center and allow the Medical College to recruit leading scientistas for the center. The medical college also will work with and the for collaborative research and a comprehensive biomedical educational A massspectrometry facility, housec in the College’s Translational and Biomedical Researcnh Center, will be established to unite campuss mass spectrometry technologies and resources for participating researchers.
Mass spectrometerx are used in biomedical research to identify changes in biologically important molecules that can cause orcure diseases, includingb cancer, stroke and heart “Investing locally is important as since it helps move the region forward, and the cooperatived efforts with other Milwaukee institutiond of higher education also made the project stands out,” Patricia Kern said in a press Separately, California businessman Vern Underwood has donated $1 milliom to the medical college for creatio n of an endowed chair to supporft research investigating the causes of colohn cancer and its treatment. Underwood is chairmajn and CEOof Young’s Market Co., Orange Calif.
, one of the largest wine and spirits distributorsz in the United States and one of the oldesty continuously operating companies in the country. Colorectalk surgeon Dr. Kirk Ludwig will be the firstrVernon O. Underwood Professof in Colon Cancer Research. “This is a remarkabl gift that will help us accelerate an alread y growing area of expertisr at theMedical College,” T. Michael college president and chief executive officer said ina “By establishing this significant endowment, Mr. Underwood ensures that we will have enduring resources for advancing our understanding of colon cancer and findingf new ways to defeatthis disease.
” Ludwit joined the Medical College faculty last year as associate professor and chietf of colorectal surgery and associate professor of medicine in the divisionh of gastroenterology and hepatology. He is based at . Ludwiy previously served as chief of gastrointestinal surgeryu at Duke UniversityMedical Center.
The Kerns' $10 million donation, the largest singl e private gift in theWauwatosa school’s history, will be used to develo p a biomedical research center and allow the Medical College to recruit leading scientistas for the center. The medical college also will work with and the for collaborative research and a comprehensive biomedical educational A massspectrometry facility, housec in the College’s Translational and Biomedical Researcnh Center, will be established to unite campuss mass spectrometry technologies and resources for participating researchers.
Mass spectrometerx are used in biomedical research to identify changes in biologically important molecules that can cause orcure diseases, includingb cancer, stroke and heart “Investing locally is important as since it helps move the region forward, and the cooperatived efforts with other Milwaukee institutiond of higher education also made the project stands out,” Patricia Kern said in a press Separately, California businessman Vern Underwood has donated $1 milliom to the medical college for creatio n of an endowed chair to supporft research investigating the causes of colohn cancer and its treatment. Underwood is chairmajn and CEOof Young’s Market Co., Orange Calif.
, one of the largest wine and spirits distributorsz in the United States and one of the oldesty continuously operating companies in the country. Colorectalk surgeon Dr. Kirk Ludwig will be the firstrVernon O. Underwood Professof in Colon Cancer Research. “This is a remarkabl gift that will help us accelerate an alread y growing area of expertisr at theMedical College,” T. Michael college president and chief executive officer said ina “By establishing this significant endowment, Mr. Underwood ensures that we will have enduring resources for advancing our understanding of colon cancer and findingf new ways to defeatthis disease.
” Ludwit joined the Medical College faculty last year as associate professor and chietf of colorectal surgery and associate professor of medicine in the divisionh of gastroenterology and hepatology. He is based at . Ludwiy previously served as chief of gastrointestinal surgeryu at Duke UniversityMedical Center.
Monday, December 5, 2011
YRC offers update on turnaround efforts - Kansas City Business Journal:
loxezop.wordpress.com
The Overland Park-based trucking company (Nasdaq: YRCW) late Wednesda offered an update about its work to positiomn itself to ride out theeconomic downturn. The releasre followed a trading day in which YRC stock prices plunged 28 percent toa 52-week low of 89 compared with a previous low of $1.20. Also an analyst said for YRC in the near to But YRC shares turned sharply upwared in Thursday trading and closedat $1.49, up 60 or 67 percent, on volume of 35.9 millionh shares, according to . The stock’s average daily volumee the past three monthsis 3.8 millionm shares.
Several months ago, YRC said, it retained financialo advisers thatinclude , and to help form a “comprehensive strategifc plan to address its capital structur and liquidity needs.” As part of Rothschild has started preliminary talks with several partiesw that hold significant portions of YRC’s debt , YRC reached a tentativew concessions agreement with the , though details won’gt be released until next week. The talks reportedlyt center around YRC endingg its participation in uniobn pension plans for14 months, which woulrd yield about $500 million in savings.
YRC also detailed othet progress it has made inrecenft months, including integrating its Yellow and Roadwah networks into YRC to cut a bank agreement amendment that let YRC use $73 million in escro w funds from asset sales to pay down its revolving credigt facility and progress on agreements to defef pension fund payments using company real estate as collateral. YRC reachecd an $83 million in second-quarter pension contribution payments with the largesf pension fundin June; since then, seven otheer funds have entered the same agreement, bringing deferrapl of another $11 million in YRC, which contributes to 36 multiemployer pension plans, still is in talks with the remainingb funds.
“We can’t control the economiv environment, but we certainly can and are controllinf our responseto it,” YRC Chairman and CEO Bill Zollarsw said in the release. “Our self-help recovery plan is proactivw and has the support ofour stakeholders. We are takinyg the steps needed to manage ourplan today, and position our companyt for success as the economyu recovers.” YRC, which employs abourt 49,000 people, plans to announce a date for its second-quarter earnings release within the next week. YRC rank No.
2 on the Kansas City BusinesssJournal ’s list of area public
The Overland Park-based trucking company (Nasdaq: YRCW) late Wednesda offered an update about its work to positiomn itself to ride out theeconomic downturn. The releasre followed a trading day in which YRC stock prices plunged 28 percent toa 52-week low of 89 compared with a previous low of $1.20. Also an analyst said for YRC in the near to But YRC shares turned sharply upwared in Thursday trading and closedat $1.49, up 60 or 67 percent, on volume of 35.9 millionh shares, according to . The stock’s average daily volumee the past three monthsis 3.8 millionm shares.
Several months ago, YRC said, it retained financialo advisers thatinclude , and to help form a “comprehensive strategifc plan to address its capital structur and liquidity needs.” As part of Rothschild has started preliminary talks with several partiesw that hold significant portions of YRC’s debt , YRC reached a tentativew concessions agreement with the , though details won’gt be released until next week. The talks reportedlyt center around YRC endingg its participation in uniobn pension plans for14 months, which woulrd yield about $500 million in savings.
YRC also detailed othet progress it has made inrecenft months, including integrating its Yellow and Roadwah networks into YRC to cut a bank agreement amendment that let YRC use $73 million in escro w funds from asset sales to pay down its revolving credigt facility and progress on agreements to defef pension fund payments using company real estate as collateral. YRC reachecd an $83 million in second-quarter pension contribution payments with the largesf pension fundin June; since then, seven otheer funds have entered the same agreement, bringing deferrapl of another $11 million in YRC, which contributes to 36 multiemployer pension plans, still is in talks with the remainingb funds.
“We can’t control the economiv environment, but we certainly can and are controllinf our responseto it,” YRC Chairman and CEO Bill Zollarsw said in the release. “Our self-help recovery plan is proactivw and has the support ofour stakeholders. We are takinyg the steps needed to manage ourplan today, and position our companyt for success as the economyu recovers.” YRC, which employs abourt 49,000 people, plans to announce a date for its second-quarter earnings release within the next week. YRC rank No.
2 on the Kansas City BusinesssJournal ’s list of area public
Friday, December 2, 2011
Business Success Stories - Mike and Kim Schmidt and Bella's Fat Cat
ogarawo.wordpress.com
Brady Street would seem an unlikeluy place fora walk-in hamburger and frozen treats but Mike and Kim Schmidt decidedx otherwise. In 2000, they opened Bella's Fat Cat to almost instan success as a coolplace
Brady Street would seem an unlikeluy place fora walk-in hamburger and frozen treats but Mike and Kim Schmidt decidedx otherwise. In 2000, they opened Bella's Fat Cat to almost instan success as a coolplace
Wednesday, November 30, 2011
Stalin's daughter, who had found refuge in Marin, dies at 85 - Marin Independent-Journal
amesit.wordpress.com
Stalin's daughter, who had found refuge in Marin, dies at 85 Marin Independent-Journal Soviet dictator Josef Stalin's daughter, who died of colon cancer Nov. 22 at the age of 85, lived a turbulent, controversial, vagabond life, bouncing back and forth between the United States and the Soviet Union. ... |
Monday, November 28, 2011
J. Jill to close one Jacksonville store - Dayton Business Journal:
pemp66seb.blogspot.com
Nine of the 75 storezs to be closed arein Florida, including the one in The Avenuee mall. A second Jacksonville J. Jill locationb at the St. Johns Town Center will remain open. In a statement announcing the sale, Talbotxs President and CEO Trudy Sullivanm saidit “enables us to focud our time, resources and attention exclusively on rejuvenating our core Talbotw brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portionh of the Quincy, Mass., headquarters and substantiallyh all of the brand’s intellectual properth and inventories.
The remaining 204 stores will continue to operate underthe J. Jill brand. The headquarter s for the company will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarteer and is subject to postclosingg adjustments. San Francisco based-Golden Gate Capital acquirede Jacksonville-based Venus in 2006. The acquisition was Golden Gate’as 11th in two years. Last mont Venus announced that all 290 employees were in jeopardyu of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latestf catalog recentlybeing released, Venus employees are still at least for now, and companty executives are looking for a new buyerf to acquire the company.
Nine of the 75 storezs to be closed arein Florida, including the one in The Avenuee mall. A second Jacksonville J. Jill locationb at the St. Johns Town Center will remain open. In a statement announcing the sale, Talbotxs President and CEO Trudy Sullivanm saidit “enables us to focud our time, resources and attention exclusively on rejuvenating our core Talbotw brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portionh of the Quincy, Mass., headquarters and substantiallyh all of the brand’s intellectual properth and inventories.
The remaining 204 stores will continue to operate underthe J. Jill brand. The headquarter s for the company will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarteer and is subject to postclosingg adjustments. San Francisco based-Golden Gate Capital acquirede Jacksonville-based Venus in 2006. The acquisition was Golden Gate’as 11th in two years. Last mont Venus announced that all 290 employees were in jeopardyu of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latestf catalog recentlybeing released, Venus employees are still at least for now, and companty executives are looking for a new buyerf to acquire the company.
Saturday, November 26, 2011
UnitedHealthcare, St. Joe
vickreyafolori1839.blogspot.com
United is expected to begin sending out letters to its memberas and physicians who might be affected bySaintf Joseph's termination of its Unitede agreement, Atlanta Business Chronicle has learned. Under Georgiaw law, insurers are required to inform affectedd members within 30 days of a contract expiration. The four-year contract was set to expire Aug. 1, but the deadline has been extendedto Aug. 8 as the two sided continue to negotiate. United provides health insurancd coverage tonearly 1.5 million including state employees. Aboutt 6.
5 percent of patient visits -- inpatient admission s and outpatient -- at Saint Joe were from United If a contract cannotbe reached, Saint Joe facilities and doctora will be deemed “out-of-network” by United, requirint the insurer’s members to shell out more for hospital and doctorx visits at Saint Joe, than they would for providers. One of the main sticking pointa in the contract negotiations involves Saint Joe seeking higher reimbursementfrom United. That issuse has also bogged down contract talks between and WellStarHealth System.
In mid June, WellStad issued letters warning 14,000 Aetna patient that the health system might terminate its agreemengt with the insurer if a new contract cannog be negotiatedby Aug. 31. As hospitals face bottom-line pressured from declining government reimbursement, coupled with rising rolls of many are turning to commercial insurers for rate Saint Joe is seeking arate increase, said Heather Dexter, the health system’s vice president of “We believe it to be very very reasonable and in line with the market,” Dexterf said. “We are looking for a fair and equitable contract andwe don’t believe we’vse reached that point yet.” .
Both Saint Joe and Unitedf officials expressed optimism that a deal would get done befordethe deadline. “UnitedHealthcare’s negotiations with Saint Joseph’sa will continue to take place in good faitu to address the important issues that are always part of such the insurer said inan “UnitedHealthcare remains hopeful that the negotiations will result in a new contractr that assures our customers continued accessd to St.
Joseph’s
United is expected to begin sending out letters to its memberas and physicians who might be affected bySaintf Joseph's termination of its Unitede agreement, Atlanta Business Chronicle has learned. Under Georgiaw law, insurers are required to inform affectedd members within 30 days of a contract expiration. The four-year contract was set to expire Aug. 1, but the deadline has been extendedto Aug. 8 as the two sided continue to negotiate. United provides health insurancd coverage tonearly 1.5 million including state employees. Aboutt 6.
5 percent of patient visits -- inpatient admission s and outpatient -- at Saint Joe were from United If a contract cannotbe reached, Saint Joe facilities and doctora will be deemed “out-of-network” by United, requirint the insurer’s members to shell out more for hospital and doctorx visits at Saint Joe, than they would for providers. One of the main sticking pointa in the contract negotiations involves Saint Joe seeking higher reimbursementfrom United. That issuse has also bogged down contract talks between and WellStarHealth System.
In mid June, WellStad issued letters warning 14,000 Aetna patient that the health system might terminate its agreemengt with the insurer if a new contract cannog be negotiatedby Aug. 31. As hospitals face bottom-line pressured from declining government reimbursement, coupled with rising rolls of many are turning to commercial insurers for rate Saint Joe is seeking arate increase, said Heather Dexter, the health system’s vice president of “We believe it to be very very reasonable and in line with the market,” Dexterf said. “We are looking for a fair and equitable contract andwe don’t believe we’vse reached that point yet.” .
Both Saint Joe and Unitedf officials expressed optimism that a deal would get done befordethe deadline. “UnitedHealthcare’s negotiations with Saint Joseph’sa will continue to take place in good faitu to address the important issues that are always part of such the insurer said inan “UnitedHealthcare remains hopeful that the negotiations will result in a new contractr that assures our customers continued accessd to St.
Joseph’s
Thursday, November 24, 2011
German bond fears weigh on world stocks - Financial Post (blog)
vilyfijohy.wordpress.com
Sydney Morning Herald | German bond fears weigh on world stocks Financial Post (blog) LONDON â€" German government bond yields hit their highest in nearly a month on Thursday and world stocks held near 7-week lows as a weak debt sale the previous day fanned fears the eurozone debt crisis may fin » |
Tuesday, November 22, 2011
Saturday, November 19, 2011
Earth Class Mail signs up Swiss Post - Portland Business Journal:
iqukikofor.wordpress.com
a Seattle-based company with roots in has signed a letter of intenywith , the national mail carrier for Swiss Post will license Earth Clasz Mail’s technology for converting papeer mail into digital files that customers can view and manag e in a secure Web-basefd account. The Document Solutions division of Swissx Post will launcha nine-month pilot program in Switzerland, France, Austria and Italy starting in said Benoit Stroelin, who heads the division. “We already handle 80 percent of mail for bigcorporatee customers, taking it out of the mail stream and sending it electronically,” Stroelin “What we can’t do for the moment is handld personalized mail.
With Earth Class we can closethe circle.” Neither Stroelin nor Ron CEO and founder of Earth Classd Mail, would say how much revenuew the Seattle company might realize from the But it’s clear it has the potential to vastlyg boost Earth Class Mail’s revenue. The company is paid a royalty on every piece of mail and for each user of the Its current customers include Fortune 500 companiezsthat haven’t yet been announced publicly, Wiener said.
About half of Eartyh Class Mail’s 108 employees are located in Beaverton, whered the company has its softwars development team and a mail sorting Fifteen are employed atthe company’s Seattle with 15 at a sorting operation in Others are located in Virginia, New Seattle and Los Angeles. Earth Class Mail recently raise $5.1 million in a convertible addingto $16.3 million already raised in equithy and debt financing. The company is now raising a Series Binvestmenr round, Wiener said. He hopess to close on $15 million to $30 including the most recent $5.1 milliojn in convertible debt.
a Seattle-based company with roots in has signed a letter of intenywith , the national mail carrier for Swiss Post will license Earth Clasz Mail’s technology for converting papeer mail into digital files that customers can view and manag e in a secure Web-basefd account. The Document Solutions division of Swissx Post will launcha nine-month pilot program in Switzerland, France, Austria and Italy starting in said Benoit Stroelin, who heads the division. “We already handle 80 percent of mail for bigcorporatee customers, taking it out of the mail stream and sending it electronically,” Stroelin “What we can’t do for the moment is handld personalized mail.
With Earth Class we can closethe circle.” Neither Stroelin nor Ron CEO and founder of Earth Classd Mail, would say how much revenuew the Seattle company might realize from the But it’s clear it has the potential to vastlyg boost Earth Class Mail’s revenue. The company is paid a royalty on every piece of mail and for each user of the Its current customers include Fortune 500 companiezsthat haven’t yet been announced publicly, Wiener said.
About half of Eartyh Class Mail’s 108 employees are located in Beaverton, whered the company has its softwars development team and a mail sorting Fifteen are employed atthe company’s Seattle with 15 at a sorting operation in Others are located in Virginia, New Seattle and Los Angeles. Earth Class Mail recently raise $5.1 million in a convertible addingto $16.3 million already raised in equithy and debt financing. The company is now raising a Series Binvestmenr round, Wiener said. He hopess to close on $15 million to $30 including the most recent $5.1 milliojn in convertible debt.
Thursday, November 17, 2011
Filene's landmark status on fast track - Boston Business Journal:
efimtsovavadan.blogspot.com
A petition first submitted in 1986 movef swiftly to the top of the pile at the Landmarka Commission since a sale agreement of the site at Summe and Washington streets byseemede near. Last month, a pair of New York investorse confirmed they were in negotiations with Federatex to buythe Filene's site for as much as $150 Those talks have since quieted, with sourcess unsure whether the pair -- Alex Adjmo and Robert Cayre -- are stilkl in the lead to buy the since Federated has been unresponsive. A person with knowledgde of the negotiations said Federatedsis "swamped" with the closint or conversion of 79 stores nationwide.
As of this a deal had not been negotiated, but the pair remainsd interested in buying the according to a source closre tothe deal. In the the Commission is working on a report that will triggerthe landmark-designatiomn process and will detail the original Filene'a building's architectural and cultural merit, said Susan president of the , which submitterd the original petition under then-Executive Director Antonia Pollak. Landmarik status could add a new layer of bureaucracty to the permitting and development process in whicbh the Landmarks Commission would have to review potentialp changes to the building exterior before a permiyt could be issuedfor work.
The review powersd would apply to any work on the facadw of the building and generally would not includde changes to the interior ofthe building. The New York investors have told the Bostomn Business Journal they have talked to abourt opening a Target store inthe building. The site coulxd also be the future home of a residential units andother high-end retail shops. The commissio does not regulatethe use. "The best way to preservde a building is use said Pollak, who is now commissioner of the Boston Parkxs and Recreation Department. "I thinjk this building lends itself well toadaptivse reuse. I suspect theres will be a way tofind (a use) for some or all of thesre buildings.
" Pollak said she's in favor of a combination of uses at the site, but said anythiny that adds to the vibrancy of Downtown Crossing wouldx be beneficial. The Filene's building is located withinb an area called the midtowcultural district, which is zoned for retail, hotel, commerciak and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are convertedf intoresidential uses. The growing presencd of residential units in Downtown Crossinh and nearby neighborhoods may also have an impacft on development atthe site.
Residents, business ownere and advocates are paying close attention to the A four-year resident of Washingtom Street and a member of the , Mary Ann said she'd welcome a mix of uses and maybe even a grocerty store. Development of the site is furthedr complicated by the factthat , owned separately by , will stay in the buildingy on a long-term lease. Filene's Basement occupies two floors of spacde that underlies allfour buildings. Filene's, previousl owned by May DepartmengStores Co., has begun clearance sales to prepare the storee for closure.
The site is one of nearlyg 80 stores nationally that are closing as a resul of the merger betweejn Mayand Federated, which owns Macy's and Bloomingdale's. Already listed on the National Registry ofHistoric Places, the main building was buil in 1912. While the 1986 petition was for theentird site, consisting of four interconnected buildings on a full city Park said the preservation group is less concerned with two of the threwe adjacent buildings -- which were built in the 1950s and 1970d behind the original store -- that are includedx in the petition.
The fourth building on the site, at the corne r of Franklin andHawley streets, was built in 1905 and shouldr also be considered for landmark Park said. The landmarks commission ultimately will decide if any, of the four buildings could be designated as The commission's report will be made public on Marchb 21, and a public hearinbg on the landmark designation will be held on Aprik 11, said Ellen executive director of the commission. The commission, city counciol and mayor must all approve designationb for the building to achieve officiallandmarl status.
Approval could come as early asthis
A petition first submitted in 1986 movef swiftly to the top of the pile at the Landmarka Commission since a sale agreement of the site at Summe and Washington streets byseemede near. Last month, a pair of New York investorse confirmed they were in negotiations with Federatex to buythe Filene's site for as much as $150 Those talks have since quieted, with sourcess unsure whether the pair -- Alex Adjmo and Robert Cayre -- are stilkl in the lead to buy the since Federated has been unresponsive. A person with knowledgde of the negotiations said Federatedsis "swamped" with the closint or conversion of 79 stores nationwide.
As of this a deal had not been negotiated, but the pair remainsd interested in buying the according to a source closre tothe deal. In the the Commission is working on a report that will triggerthe landmark-designatiomn process and will detail the original Filene'a building's architectural and cultural merit, said Susan president of the , which submitterd the original petition under then-Executive Director Antonia Pollak. Landmarik status could add a new layer of bureaucracty to the permitting and development process in whicbh the Landmarks Commission would have to review potentialp changes to the building exterior before a permiyt could be issuedfor work.
The review powersd would apply to any work on the facadw of the building and generally would not includde changes to the interior ofthe building. The New York investors have told the Bostomn Business Journal they have talked to abourt opening a Target store inthe building. The site coulxd also be the future home of a residential units andother high-end retail shops. The commissio does not regulatethe use. "The best way to preservde a building is use said Pollak, who is now commissioner of the Boston Parkxs and Recreation Department. "I thinjk this building lends itself well toadaptivse reuse. I suspect theres will be a way tofind (a use) for some or all of thesre buildings.
" Pollak said she's in favor of a combination of uses at the site, but said anythiny that adds to the vibrancy of Downtown Crossing wouldx be beneficial. The Filene's building is located withinb an area called the midtowcultural district, which is zoned for retail, hotel, commerciak and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are convertedf intoresidential uses. The growing presencd of residential units in Downtown Crossinh and nearby neighborhoods may also have an impacft on development atthe site.
Residents, business ownere and advocates are paying close attention to the A four-year resident of Washingtom Street and a member of the , Mary Ann said she'd welcome a mix of uses and maybe even a grocerty store. Development of the site is furthedr complicated by the factthat , owned separately by , will stay in the buildingy on a long-term lease. Filene's Basement occupies two floors of spacde that underlies allfour buildings. Filene's, previousl owned by May DepartmengStores Co., has begun clearance sales to prepare the storee for closure.
The site is one of nearlyg 80 stores nationally that are closing as a resul of the merger betweejn Mayand Federated, which owns Macy's and Bloomingdale's. Already listed on the National Registry ofHistoric Places, the main building was buil in 1912. While the 1986 petition was for theentird site, consisting of four interconnected buildings on a full city Park said the preservation group is less concerned with two of the threwe adjacent buildings -- which were built in the 1950s and 1970d behind the original store -- that are includedx in the petition.
The fourth building on the site, at the corne r of Franklin andHawley streets, was built in 1905 and shouldr also be considered for landmark Park said. The landmarks commission ultimately will decide if any, of the four buildings could be designated as The commission's report will be made public on Marchb 21, and a public hearinbg on the landmark designation will be held on Aprik 11, said Ellen executive director of the commission. The commission, city counciol and mayor must all approve designationb for the building to achieve officiallandmarl status.
Approval could come as early asthis
Tuesday, November 15, 2011
State worker files ethics complaint against Fla. CFO Sink - South Florida Business Journal:
sucujovide.wordpress.com
In April, her office announced that statwe travel logs chronicling the flightse of state employees on state planes would be postesd on line by the Florida Department ofManagemenyt Services. On Monday, a state employees filed an ethics complaintagainst Florida’a Chief Financial officer alleging that she misusedd the state plane. Jose Blas Lorenzo Jr., an attorneyy who works for the Departmen tof Education, filed the complaint. He said he was by some of the information he has read in news articlesaboutf Sink’s use of the pland and did some research of his own.
He figurea that since announcing her plans to runfor governor, Sink has rackes up $11,000 in plane travel that's unrelated to her official “I am just concerned, very concerned,” Lorenzo said. “I live in the my children grewup here, I pay my I work for the state, what example is she setting?” he asked. In his Lorenzo claims that on at leastone occasion, Sink flew on the state plane on the first leg of a flighyt with a destination for a vacatiob in the Bahamas. He said that on otherd occasions Sink has used the planes to drop offher husband, Bill or pick up her son. Sink, a is running for governor.
Calls to her officer for comment were not immediately returned. However, according to publishes reports, she has ordered her office to conduc a review of herplanr use. Attorney General Bill McCollum, who is a Republicanm candidatefor governor, was also subject of the joint storiea by the St. Petersburg Times and Miami Herald for travel to his home inCentral “McCollum has spent several personapl days campaigning and not used a statee plane, that’s indicative of something,” Lorenzi said. A check of campaig contributions found that Lorenzo supported Charlie Crisrt in his run for donating $200 in 2006 and $150 in 2005.
In April, her office announced that statwe travel logs chronicling the flightse of state employees on state planes would be postesd on line by the Florida Department ofManagemenyt Services. On Monday, a state employees filed an ethics complaintagainst Florida’a Chief Financial officer alleging that she misusedd the state plane. Jose Blas Lorenzo Jr., an attorneyy who works for the Departmen tof Education, filed the complaint. He said he was by some of the information he has read in news articlesaboutf Sink’s use of the pland and did some research of his own.
He figurea that since announcing her plans to runfor governor, Sink has rackes up $11,000 in plane travel that's unrelated to her official “I am just concerned, very concerned,” Lorenzo said. “I live in the my children grewup here, I pay my I work for the state, what example is she setting?” he asked. In his Lorenzo claims that on at leastone occasion, Sink flew on the state plane on the first leg of a flighyt with a destination for a vacatiob in the Bahamas. He said that on otherd occasions Sink has used the planes to drop offher husband, Bill or pick up her son. Sink, a is running for governor.
Calls to her officer for comment were not immediately returned. However, according to publishes reports, she has ordered her office to conduc a review of herplanr use. Attorney General Bill McCollum, who is a Republicanm candidatefor governor, was also subject of the joint storiea by the St. Petersburg Times and Miami Herald for travel to his home inCentral “McCollum has spent several personapl days campaigning and not used a statee plane, that’s indicative of something,” Lorenzi said. A check of campaig contributions found that Lorenzo supported Charlie Crisrt in his run for donating $200 in 2006 and $150 in 2005.
Sunday, November 13, 2011
Flat market for new lawyers - Philadelphia Business Journal:
utyziluz.wordpress.com
The 22 participating firms hired a combinedx182 first-year associates in their Philadelphiw offices, compared with 185 last Only seven of thos e firms hired more lawyers than last The average salary increased slightlty from $132,300 last year to $136,50o0 in this year, with only eight firmws bumping up their starting wage. But those firmxs were merely catching up withthe already-established going rate of $145,0000 for the largest firms and $135,000 for most The salary bar was not raise d above the $145,000 established last as firms deal with less work in certain practice areaxs and clients unwilling to pay highef billing rates.
and hired the most locak first-year associates, with 21 each, followed by Blankk Rome with 20, with 19 and with 15. Thoss five firms combined to consume 53 percentof first-yearxs hired among participants; no other firm surveyed had more than 10 first-years. The survey includeds responses from virtually the entire contingenytof full-service Philadelphia law firms. Dechert, the city’s largest firm, declined to participater as didand .
Firms made hirinvg decisions about this crop of firstr year associateslast fall, as the mortgage crisis was beginning to take Much has changed with the economty since that time, and some careed planning professionals at local law schools have remindedr students that they are entering the profession during a difficult economidc time. Elaine Petrossian, Villanovaa University School of Law’s assistant dean for career strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’t experienced majo upheavals. But she still advises graduates to keep an open mind as they startgtheir careers.
“Students know M&q is more competitive so they need to be flexiblr with theiroriginal plan,” Petrossian “They always have to make a good impression but especiallyt during times like these.” Most Philadelphiaa law firms have not been forced to lay off associatesa because of problems in the housing and credit markete like their New York counterparts. One of New York’ws largest firms, , laid off 96 lawyersx on July 31 becausee of continued slowness in real estate finance and the firm’s core practices. It was the secondr round of layoffs for the which slashed 35 lawyerxin January.
New York’s also has had a large number of AmongPhiladelphia firms, only Dechert has a significant real estatew finance practice. In March, the firm notified 13 associates in its real estatwe finance practicethat “due to the major shift in market conditions” there is “no demand for them in that groupl in the foreseeable future,” although it offered the lawyers work in other areas. Rebeka h Verona, director of career planning at , said she makea students aware they were hired in a time of growt h but are starting their jobs duringa slowdown.
“We walk a fine line with educatiny them about the market but not fillinf their heads with things that are going to creatrunnecessary anxiety,” Verona said. “Wed deal with it on a case-by-cased basis because certain practices are going to feel the pinchh morethan others.” Michaepl Epstein, hiring partner at , said his firm usually has summer classes of betweenh five to seven studentw and makes offers to most all of them. “Wed keep that at a modest numbed and try to attract lateral candidates that are two to threwe years out of law Epstein said.
“So if we need to get there’s a pool of [younger] lawyers with practical The five local law schools accounted for 65 percent of all thesumme associates, who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingen with 37 recent graduatews at 18 firms, followed by Villanova’s law school with 30 recengt graduates at 15 firms. Rutgers University-Camden, which has gradually increases the number of graduates workingv at Philadelphia firms over thepast decade, was tied for thirde with Law School with 22 students each. Sevenm of Penn’s graduates took positions at Morgaj Lewis.
Rutgers’ students were spread over 15 Widener University School of Law has seven recengt graduates working at theparticipating firms. Among law school s outside the region, University of Virginiq has the largest presence at locaol firms with sevenrecent graduates. Morgan Lewiw and Pepper Hamilton, which have traditionally stronhg relations withthe school, accounted for five of Law firms are now focusesd on recruiting summer interns for 2009 and extendinvg offers to their most recent summe r interns for full-time employment next summer. Veronaq said given the state of the she wouldn’t be surprised to see smaller summer classes and possibly smaller first-year classes.
Pepper Hamilton hiring partnedr Chris Wasson said becaus firms hire law studentz for summer internships two years before they woulds be hiredfor full-time work, it is hard to scientificallyh factor the economy into those “[The economy] could have an impact becausw you are living through it right now even thoughh you are recruiting for two yeard down the road,” Wasson said. “So it’s hard to distancer yourself from it.
”
The 22 participating firms hired a combinedx182 first-year associates in their Philadelphiw offices, compared with 185 last Only seven of thos e firms hired more lawyers than last The average salary increased slightlty from $132,300 last year to $136,50o0 in this year, with only eight firmws bumping up their starting wage. But those firmxs were merely catching up withthe already-established going rate of $145,0000 for the largest firms and $135,000 for most The salary bar was not raise d above the $145,000 established last as firms deal with less work in certain practice areaxs and clients unwilling to pay highef billing rates.
and hired the most locak first-year associates, with 21 each, followed by Blankk Rome with 20, with 19 and with 15. Thoss five firms combined to consume 53 percentof first-yearxs hired among participants; no other firm surveyed had more than 10 first-years. The survey includeds responses from virtually the entire contingenytof full-service Philadelphia law firms. Dechert, the city’s largest firm, declined to participater as didand .
Firms made hirinvg decisions about this crop of firstr year associateslast fall, as the mortgage crisis was beginning to take Much has changed with the economty since that time, and some careed planning professionals at local law schools have remindedr students that they are entering the profession during a difficult economidc time. Elaine Petrossian, Villanovaa University School of Law’s assistant dean for career strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’t experienced majo upheavals. But she still advises graduates to keep an open mind as they startgtheir careers.
“Students know M&q is more competitive so they need to be flexiblr with theiroriginal plan,” Petrossian “They always have to make a good impression but especiallyt during times like these.” Most Philadelphiaa law firms have not been forced to lay off associatesa because of problems in the housing and credit markete like their New York counterparts. One of New York’ws largest firms, , laid off 96 lawyersx on July 31 becausee of continued slowness in real estate finance and the firm’s core practices. It was the secondr round of layoffs for the which slashed 35 lawyerxin January.
New York’s also has had a large number of AmongPhiladelphia firms, only Dechert has a significant real estatew finance practice. In March, the firm notified 13 associates in its real estatwe finance practicethat “due to the major shift in market conditions” there is “no demand for them in that groupl in the foreseeable future,” although it offered the lawyers work in other areas. Rebeka h Verona, director of career planning at , said she makea students aware they were hired in a time of growt h but are starting their jobs duringa slowdown.
“We walk a fine line with educatiny them about the market but not fillinf their heads with things that are going to creatrunnecessary anxiety,” Verona said. “Wed deal with it on a case-by-cased basis because certain practices are going to feel the pinchh morethan others.” Michaepl Epstein, hiring partner at , said his firm usually has summer classes of betweenh five to seven studentw and makes offers to most all of them. “Wed keep that at a modest numbed and try to attract lateral candidates that are two to threwe years out of law Epstein said.
“So if we need to get there’s a pool of [younger] lawyers with practical The five local law schools accounted for 65 percent of all thesumme associates, who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingen with 37 recent graduatews at 18 firms, followed by Villanova’s law school with 30 recengt graduates at 15 firms. Rutgers University-Camden, which has gradually increases the number of graduates workingv at Philadelphia firms over thepast decade, was tied for thirde with Law School with 22 students each. Sevenm of Penn’s graduates took positions at Morgaj Lewis.
Rutgers’ students were spread over 15 Widener University School of Law has seven recengt graduates working at theparticipating firms. Among law school s outside the region, University of Virginiq has the largest presence at locaol firms with sevenrecent graduates. Morgan Lewiw and Pepper Hamilton, which have traditionally stronhg relations withthe school, accounted for five of Law firms are now focusesd on recruiting summer interns for 2009 and extendinvg offers to their most recent summe r interns for full-time employment next summer. Veronaq said given the state of the she wouldn’t be surprised to see smaller summer classes and possibly smaller first-year classes.
Pepper Hamilton hiring partnedr Chris Wasson said becaus firms hire law studentz for summer internships two years before they woulds be hiredfor full-time work, it is hard to scientificallyh factor the economy into those “[The economy] could have an impact becausw you are living through it right now even thoughh you are recruiting for two yeard down the road,” Wasson said. “So it’s hard to distancer yourself from it.
”
Friday, November 11, 2011
TXCO files for Chapter 11 bankruptcy protection - San Antonio Business Journal:
zemlyanikiyri.blogspot.com
Attorneys for San Antonio-based TXCO (NASDAQ: also filed a motion with the Bankruptcy Courrt seeking approval foranticipated debtor-in-possession financing with prospective lenders. TXCO is currently in negotiationswith Ltd. and potentially others for a multiple draw-term loan facility with a totakl aggregate principal amountof $32 million. The debtor-in-possessiob financing would allow TXCO to conducyt businesswithout interruption. TXCO is working to minimizes the impact of the bankruptchy filing onits operations, customersx and employees. However, the bankruptcy court will have to approv e anyfinancing arrangement. U.S. Bankruptcy Judgse Ronald B.
King is handling the case at theWesterbn District’s office in San Antonio. TXCO officials say the bankruptcy filint was precipitated by a series of events that severel impactedthe company’s liquidity. Particularly, extreme volatilith in energy prices and a crumblinv global economy have made it difficult for TXCO to raised equity capitalor debt, according to a statement released by the According to the bankruptcy filing, TXCO has assetd of $431.9 million and total debts of $322.8 million. The companyh also has more than 38 million share of commonstock TXCO’s largest shareholder is , a company based in Heartland owns 9.
1 percent of the company’x total stock, according to TXCO’ bankruptcy petition. The company’a top five largest unsecured creditors, the bankruptcy petitionb shows, are Houston-based ($8 million); in Uvalde ($5.e million); Dallas-based ($5.1 million); in Dalla ($4.2 million); and in Houstonm ($2.9 million). The company also has retained Albergt S. Conly of to servw as the chief restructuring officer to assisgt TXCO in the Chapter11 reorganization. LLC has been retainef as financial advisers andinvestment banker. Goldman, Sachs & Co. has been hirer as a financial adviser in connection with any potential sale of assets proposed undefr thisbankruptcy filing.
TXCO is representee locally by bankruptcy attorneysDeborah D. Williamso n and Lindsey D. Graham with TXCO is an independen oil and gas company with interests in theMaverick Basin, the onshoree Gulf Coast region and the Marfw Basin of Texas and western Oklahoma. www.txco.comm
Attorneys for San Antonio-based TXCO (NASDAQ: also filed a motion with the Bankruptcy Courrt seeking approval foranticipated debtor-in-possession financing with prospective lenders. TXCO is currently in negotiationswith Ltd. and potentially others for a multiple draw-term loan facility with a totakl aggregate principal amountof $32 million. The debtor-in-possessiob financing would allow TXCO to conducyt businesswithout interruption. TXCO is working to minimizes the impact of the bankruptchy filing onits operations, customersx and employees. However, the bankruptcy court will have to approv e anyfinancing arrangement. U.S. Bankruptcy Judgse Ronald B.
King is handling the case at theWesterbn District’s office in San Antonio. TXCO officials say the bankruptcy filint was precipitated by a series of events that severel impactedthe company’s liquidity. Particularly, extreme volatilith in energy prices and a crumblinv global economy have made it difficult for TXCO to raised equity capitalor debt, according to a statement released by the According to the bankruptcy filing, TXCO has assetd of $431.9 million and total debts of $322.8 million. The companyh also has more than 38 million share of commonstock TXCO’s largest shareholder is , a company based in Heartland owns 9.
1 percent of the company’x total stock, according to TXCO’ bankruptcy petition. The company’a top five largest unsecured creditors, the bankruptcy petitionb shows, are Houston-based ($8 million); in Uvalde ($5.e million); Dallas-based ($5.1 million); in Dalla ($4.2 million); and in Houstonm ($2.9 million). The company also has retained Albergt S. Conly of to servw as the chief restructuring officer to assisgt TXCO in the Chapter11 reorganization. LLC has been retainef as financial advisers andinvestment banker. Goldman, Sachs & Co. has been hirer as a financial adviser in connection with any potential sale of assets proposed undefr thisbankruptcy filing.
TXCO is representee locally by bankruptcy attorneysDeborah D. Williamso n and Lindsey D. Graham with TXCO is an independen oil and gas company with interests in theMaverick Basin, the onshoree Gulf Coast region and the Marfw Basin of Texas and western Oklahoma. www.txco.comm
Wednesday, November 9, 2011
Mick McCarthy receives apology over Antolin Alcaraz spitting incident - The Guardian
lebexab.wordpress.com
The Guardian | Mick McCarthy receives apology over Antolin Alcaraz spitting incident The Guardian The Wigan manager Roberto MartÃnez has apologised to his Wolves counterpart Mick McCarthy over the spitting incident which resulted in Antolin Alcaraz being suspended for three games. Alcaraz has accepted an FA misconduct charge after appearing to spit ... McCarthy: Wigan sorry for incident Martinez gives Alcaraz apology End of a lovers' tiff at Molineux? |
Sunday, November 6, 2011
IATA: Airlines to lose $9B in 2009 - Austin Business Journal:
mozybyd.wordpress.com
The ’s (IATA) new forecast is staggeringlty worse thanits $4.7 billion collective loss forecasg made just three months ago. The air carriee trade group also downgraded its loss estimate for 2008to $10.44 billion from $8.5 billion. “There is no modern precedenyt for today’s economic IATA Director General and CEO Giovannio Bisignani said in anews “The ground has shifted. Our industry has been This is the most difficult situation that the industrythas faced.” After the Sept.
11, 2001, terror attackzs on the United States, industry revenueds fell by 7 percent, Bisignani said, and took three year to reboundto pre-9/11 Revenues will fall to $448 billion in 2009 from $528 billion in 2008 (15 percent), IATA Passenger yields will dip 7 percent. “This time we face a 15 percentt drop—a loss of revenues of $80 billion—in the middlre of a global recession,” Bisignani said during IATA’e annual industry summit. “Oure future depends on a drastic reshapingby partners, governments and We cannot bear the cost of government crazy taxation and partners abusing theie monopoly power.
” North American carriers will generallyt fair better than foreign carriers, IATA said, and shoulf narrow their losses for the North American airlines will lose $1 billion in dramatically less than the $5.1 billionb lost in 2008, as out-of-the-mone y fuel hedges lapse and capacitg cuts kick in to rightg capacity with demand. Previously, IATA said North American carrierzs would turn a modest profit forthe year. Asia-Pacific and Europeanj carriers are likely to take thebiggestg hits, losing $3.3 billion and $1.8 billion, Another heavily impacted air cargo, will decline by 17 percent based on tons Cargo yields will decline 11 percent.
Relaxed fuel prices over the firsft five months of 2009 havehelped carriers, but prices have begun to climb in recent weeks. IATA projectsa the industry fuel bill to fallfrom $165 billiob in 2008 to $59 billion in on a $56 per barrelk average price of oil. “The risk that we have seen in recentt weeks is that even the slightestf glimmer of economic hope sende oilprices higher,” Bisignani said. "Greedy speculation must not hold the globaleconomyy hostage. Failure to act by governments woulrbe irresponsible.
” Globally, airlines are in a better cash position, with more liquidity than in past But, Bisignani warned “a long L-shaped recovery couldd drain the industry of cash.” Bisignanji noted industry consolidation, such as the mergert between Atlanta-based (NYSE: DAL) and , that have made some players stronger. But he railed against what he called “archaic limitations on that prevent the merginv of carriers fromdifferent countries.
The ’s (IATA) new forecast is staggeringlty worse thanits $4.7 billion collective loss forecasg made just three months ago. The air carriee trade group also downgraded its loss estimate for 2008to $10.44 billion from $8.5 billion. “There is no modern precedenyt for today’s economic IATA Director General and CEO Giovannio Bisignani said in anews “The ground has shifted. Our industry has been This is the most difficult situation that the industrythas faced.” After the Sept.
11, 2001, terror attackzs on the United States, industry revenueds fell by 7 percent, Bisignani said, and took three year to reboundto pre-9/11 Revenues will fall to $448 billion in 2009 from $528 billion in 2008 (15 percent), IATA Passenger yields will dip 7 percent. “This time we face a 15 percentt drop—a loss of revenues of $80 billion—in the middlre of a global recession,” Bisignani said during IATA’e annual industry summit. “Oure future depends on a drastic reshapingby partners, governments and We cannot bear the cost of government crazy taxation and partners abusing theie monopoly power.
” North American carriers will generallyt fair better than foreign carriers, IATA said, and shoulf narrow their losses for the North American airlines will lose $1 billion in dramatically less than the $5.1 billionb lost in 2008, as out-of-the-mone y fuel hedges lapse and capacitg cuts kick in to rightg capacity with demand. Previously, IATA said North American carrierzs would turn a modest profit forthe year. Asia-Pacific and Europeanj carriers are likely to take thebiggestg hits, losing $3.3 billion and $1.8 billion, Another heavily impacted air cargo, will decline by 17 percent based on tons Cargo yields will decline 11 percent.
Relaxed fuel prices over the firsft five months of 2009 havehelped carriers, but prices have begun to climb in recent weeks. IATA projectsa the industry fuel bill to fallfrom $165 billiob in 2008 to $59 billion in on a $56 per barrelk average price of oil. “The risk that we have seen in recentt weeks is that even the slightestf glimmer of economic hope sende oilprices higher,” Bisignani said. "Greedy speculation must not hold the globaleconomyy hostage. Failure to act by governments woulrbe irresponsible.
” Globally, airlines are in a better cash position, with more liquidity than in past But, Bisignani warned “a long L-shaped recovery couldd drain the industry of cash.” Bisignanji noted industry consolidation, such as the mergert between Atlanta-based (NYSE: DAL) and , that have made some players stronger. But he railed against what he called “archaic limitations on that prevent the merginv of carriers fromdifferent countries.
Friday, November 4, 2011
Emotional Sensitivity May Be Influenced by High Blood Pressure - PsychCentral.com
mcfarlainofuqub1258.blogspot.com
Emotional Sensitivity May Be Influenced by High Blood Pressure PsychCentral.com According to a new research paper, a person's ability to recognize emotional content in faces and texts may be linked to their blood pressure. The recently published study by psychologist Dr. James A. McCubbin, ... |
Wednesday, November 2, 2011
U.S. Military Robot Tests Chemical Warfare Gear - InformationWeek
fixyruw.wordpress.com
Daily Mail | U.S. Military Robot Tests Chemical Warfare Gear InformationWeek Protection Ensemble Test Mannequin (PETMAN), developed by Boston Dynamics, is soldier-size and moves with similar agility to humans. By Elizabeth Montalbano InformationWeek A Boston company has developed a human-size robot the military plans to use to ... Headless, Hum anoid Robot Preps for Army Duty Robot created to test chemical weapons gear New Robot from 'BigDog' Makers Moves Eerily Like a Human |
Monday, October 31, 2011
Rain and snow battering the region; snow accumulation growing, primarily in ... - Washington Post (blog)
tenganmodooo1324.blogspot.com
Rain and snow battering the region; snow accumulation growing, primarily in ... Washington Post (blog) Saturday - primarily above 1000 feet * 12:45 pm update: The transition from rain to mixed precipitation and snow appears to be increasing its movement to the south and east of late, and reports of sleet or a change to snow are encroaching on I-95. ... |
Saturday, October 29, 2011
Seagate selling off assets from Strip District R&D facility - Pittsburgh Business Times:
http://www.pipexpharma.com/sellhome.htm
John Ward, of industrial auctioneer companyGoIndustry DoveBid, confirmed the June 3 sell-off. He estimated the markeyt value of the test and measurement includingtest stations, a dicing saw and environmental/altitude test chambetr systems, to be “well into seven figures.” A Seagatr spokesman was not immediately available for Scotts Valley, Calif.-based Seagate, a makere of computer disk drives, announced in Septemberf it would close its research which employed about 160, by the end of In an SEC filing, the company said the shutterin should save about $30 million a year in and estimated charges related to the closingt will be at least $46 million.
Research operationws would be integrated withother locations, the companyh said at the time. Seagat moved into the building, built for the companuy by Strip District-based The Buncher Co., in 2002. A skeleton crew remains now, Ward said.
John Ward, of industrial auctioneer companyGoIndustry DoveBid, confirmed the June 3 sell-off. He estimated the markeyt value of the test and measurement includingtest stations, a dicing saw and environmental/altitude test chambetr systems, to be “well into seven figures.” A Seagatr spokesman was not immediately available for Scotts Valley, Calif.-based Seagate, a makere of computer disk drives, announced in Septemberf it would close its research which employed about 160, by the end of In an SEC filing, the company said the shutterin should save about $30 million a year in and estimated charges related to the closingt will be at least $46 million.
Research operationws would be integrated withother locations, the companyh said at the time. Seagat moved into the building, built for the companuy by Strip District-based The Buncher Co., in 2002. A skeleton crew remains now, Ward said.
Thursday, October 27, 2011
Capella launches biz doctoral program - Minneapolis / St. Paul Business Journal:
ucojaje.wordpress.com
“Enrollment in undergraduate and MBA programsis growing, but there has not been equivalent growth in the numberf of doctoral-qualified business faculty to meet the said William Reed, acting dean of Minneapolis-based Capella’s School of Business and Reed said Capella already has a business and accountingf faculty in place with the academix credentials and practical business knowledge to run a doctoral program.
Capella (NASDAQ: now has 12 business, organizatiom and management, and information technology doctoral The online university has been amid thepresent recession, possiblyy because its courses are a way for professionals to make themselvesz more marketable in the job market. First quarteer enrollment was morethan 28,152, up nearly 20 percent from the same perios 2008. Revenue was up 17 percen compared to the same periodlast year.
“Enrollment in undergraduate and MBA programsis growing, but there has not been equivalent growth in the numberf of doctoral-qualified business faculty to meet the said William Reed, acting dean of Minneapolis-based Capella’s School of Business and Reed said Capella already has a business and accountingf faculty in place with the academix credentials and practical business knowledge to run a doctoral program.
Capella (NASDAQ: now has 12 business, organizatiom and management, and information technology doctoral The online university has been amid thepresent recession, possiblyy because its courses are a way for professionals to make themselvesz more marketable in the job market. First quarteer enrollment was morethan 28,152, up nearly 20 percent from the same perios 2008. Revenue was up 17 percen compared to the same periodlast year.
Tuesday, October 25, 2011
Courtney Stodden and Doug Hutchison kicked out of pumpkin patch - New York Post
ocybakenos.wordpress.com
E! Online | Courtney Stodden and Doug Hutchison kicked out of pumpkin patch New York Post Actor Doug Hutchison, 51, and his wife Courtney Stodden, 17, were asked to leave a pumpkin patch this weekend after fellow customers complained about their inappropriate behavior, reports say. For her trip to find the perfect pumpkin, Stodden channeled ... Courtney Stodden, Hubby in Pumpkin Patch Flap Courtney Stodden Kicked Out Of A Pumpkin Patch (PHOTOS) Courtney Stodden Bent Over (PHOTOS) Doug Hutchison Humps At Pumpkin Farm |
Saturday, October 22, 2011
Douglas Fraser will lead Southern Command - Pacific Business News (Honolulu):
esivyjifag.wordpress.com
Air Force Lt. Gen. Douglas M. Fraser’ds promotion to head the command that’s responsible for U.S. military operationse in the Caribbean and Central and Souty America was confirmed bythe U.S. Senate on Fraser, who will be promoted to the rank of will assume command onJune 25, Pacifi Command officials said in a news Fraser has been the deputy commander of the Pacifi Command, the largest of the military’s six unified commands, since April 2008. He has serverd in a variety of Air Force and joint assignments over the past 35 including commanding a fighter squadron inthe Pacific.
He also has held stafd positions at Air Force headquarters and the office of the Secretaryuof Defense. Fraser’s departurr comes as Adm. Robert F. commander of the U.S. Pacific Fleet since 2007, awaits confirmation to become the next commande of the Pacific Command atCamp H.M. Smith. Willard’se nomination by President Barack Obama was announcedc latelast month, but Senatee hearings on his nomination have not yet been scheduled. Willard, who took commancd of the Pacific Fleet in May willreplace Adm. Timothy Keating, who has been commander of the Pacific Command sinceMarch 2007. The U.S.
Pacificx Command has 250,000 personnel and a geographicd area stretching from the West Coast of the continental United States to the western boarder of and from Antarctica to theNortuh Pole.
Air Force Lt. Gen. Douglas M. Fraser’ds promotion to head the command that’s responsible for U.S. military operationse in the Caribbean and Central and Souty America was confirmed bythe U.S. Senate on Fraser, who will be promoted to the rank of will assume command onJune 25, Pacifi Command officials said in a news Fraser has been the deputy commander of the Pacifi Command, the largest of the military’s six unified commands, since April 2008. He has serverd in a variety of Air Force and joint assignments over the past 35 including commanding a fighter squadron inthe Pacific.
He also has held stafd positions at Air Force headquarters and the office of the Secretaryuof Defense. Fraser’s departurr comes as Adm. Robert F. commander of the U.S. Pacific Fleet since 2007, awaits confirmation to become the next commande of the Pacific Command atCamp H.M. Smith. Willard’se nomination by President Barack Obama was announcedc latelast month, but Senatee hearings on his nomination have not yet been scheduled. Willard, who took commancd of the Pacific Fleet in May willreplace Adm. Timothy Keating, who has been commander of the Pacific Command sinceMarch 2007. The U.S.
Pacificx Command has 250,000 personnel and a geographicd area stretching from the West Coast of the continental United States to the western boarder of and from Antarctica to theNortuh Pole.
Thursday, October 20, 2011
Drop in inventory of new for-sale homes an encouraging sign - Jacksonville Business Journal:
ignatiywulyxura.blogspot.com
The number of newly constructed, but homes in Alamance, Forsythu and Guilford counties declinedto 1,466 in May 2009, compared to the 2,192 available in May according to data compiled by Nashville-based research firm . It’ds a positive piece of news for a residential real estatee market battered in the last year by lack of available credit andthe U.S. recession. According to MarketGraphics, a relativelh “healthy” inventory of unsold new homes for the area the size of the Triacd is inthe 1,200 to 1,3000 range.
“We’re basically going through a correctiobn cycle, and the good news is, we’r progressing on a positive saidJerry Herman, president of the Triad builders say the inventor decrease mostly stems from the fact that they have sharplyh reduced the number of “spec” homees — houses without a specific buyer under contract — bein built in the past 12 monthzs in order to adjust to weakening demand and give the marke t time to absorb the product already built.
Spec home are typically built anticipatingg that some buyers will want to move into a new homerelativelhy fast, often 60 days or less, ratheer than wait for a home to be builft specifically for them, a process that can take twicre as long or more. But when a market turns builders can get stuck with too manyunsold homes, straining them with debt payments and property taxes. Groveer Shugart, president of Winston-Salem-based , said he has cut his company’as inventory by 52 percent fromDecembe 2007, to about 100 spec homes now. He said he’z advertised discounts on options and other incentives in ordet to sell excess inventory and has built at a muchslowerr pace.
These days, he said, the company maintaind about three spec homes in each of its communities for thosew who want to movein immediately, instead of the five or six he woulfd have had on hand a few yearz ago. “Everyone is just bein g a lot more careful thanthey were,” Shugarty said. Builders are relying far more theswe dayson pre-sales, a safer bet than spec homes becausde the company isn’t stuck paying interesyt and taxes until it finds a buyer.
Tom regional president of Eastwood Homed in HighPoint — where spec home inventory has been slasheed by more than half, to less than 20 said about 40 percent of the firm’s sales used to be spec These days, however, it’ only about 15 Of course, the drop in inventory also is a reflectionh of a slower building marketg overall. MarketGraphics data shows that the number of homes started by builders has fallen 38 percent in thelast year, to And the number currently under construction is down by almost 40 to 696, from May 2008. Therew also are just fewer activd buildersout there. Some of the area’ds most prolific builders, including John Kavanag Co.
, Pierce Homes of Carolina Inc. and Indiana-based C.P. have gone out of business. Burr Ridge, Ill.-based Portraitr Homes has had several of its projects halted or foreclosedf on because of problems with its And manysmaller builders, including Sandrza Anderson Builders and Empire Homes, have closer as well.
The number of newly constructed, but homes in Alamance, Forsythu and Guilford counties declinedto 1,466 in May 2009, compared to the 2,192 available in May according to data compiled by Nashville-based research firm . It’ds a positive piece of news for a residential real estatee market battered in the last year by lack of available credit andthe U.S. recession. According to MarketGraphics, a relativelh “healthy” inventory of unsold new homes for the area the size of the Triacd is inthe 1,200 to 1,3000 range.
“We’re basically going through a correctiobn cycle, and the good news is, we’r progressing on a positive saidJerry Herman, president of the Triad builders say the inventor decrease mostly stems from the fact that they have sharplyh reduced the number of “spec” homees — houses without a specific buyer under contract — bein built in the past 12 monthzs in order to adjust to weakening demand and give the marke t time to absorb the product already built.
Spec home are typically built anticipatingg that some buyers will want to move into a new homerelativelhy fast, often 60 days or less, ratheer than wait for a home to be builft specifically for them, a process that can take twicre as long or more. But when a market turns builders can get stuck with too manyunsold homes, straining them with debt payments and property taxes. Groveer Shugart, president of Winston-Salem-based , said he has cut his company’as inventory by 52 percent fromDecembe 2007, to about 100 spec homes now. He said he’z advertised discounts on options and other incentives in ordet to sell excess inventory and has built at a muchslowerr pace.
These days, he said, the company maintaind about three spec homes in each of its communities for thosew who want to movein immediately, instead of the five or six he woulfd have had on hand a few yearz ago. “Everyone is just bein g a lot more careful thanthey were,” Shugarty said. Builders are relying far more theswe dayson pre-sales, a safer bet than spec homes becausde the company isn’t stuck paying interesyt and taxes until it finds a buyer.
Tom regional president of Eastwood Homed in HighPoint — where spec home inventory has been slasheed by more than half, to less than 20 said about 40 percent of the firm’s sales used to be spec These days, however, it’ only about 15 Of course, the drop in inventory also is a reflectionh of a slower building marketg overall. MarketGraphics data shows that the number of homes started by builders has fallen 38 percent in thelast year, to And the number currently under construction is down by almost 40 to 696, from May 2008. Therew also are just fewer activd buildersout there. Some of the area’ds most prolific builders, including John Kavanag Co.
, Pierce Homes of Carolina Inc. and Indiana-based C.P. have gone out of business. Burr Ridge, Ill.-based Portraitr Homes has had several of its projects halted or foreclosedf on because of problems with its And manysmaller builders, including Sandrza Anderson Builders and Empire Homes, have closer as well.
Tuesday, October 18, 2011
Study: More than 50% borrow money for college - Business First of Columbus:
vittitowmehigyk1238.blogspot.com
Drowning in Debt: The Emerging Student Loan Crisis , released by the education policy thinktank , analyzerd 15 years of data through the 2007-08 academic The The cost of attending a public university has doubled over the past two Family income and student financial aid haven’t kept up with the increasinf costs, forcing students to borrow moneyh for their education. More students are finding those funds in the formof risky, unregulated, private studenrt loans, where they pay the highest interes t rates. “If this excessive borrowing continues, the consequencesa for students could be authors Erin Dillon and Kevin Careyu wrote in anews release.
“President Obama’s proposed reforms to the federalk student loan program are a good start to solvinthe crisis, but reforming state and institutional aid policies, as well as creatinbg incentives for colleges to restrain tuition costsa are essential, particularly in our current economivc crisis.” Some of the reasons for the studeng loan crisis, the report said, are “out-of-control tuition increases, lack of commitment to need-based financial aid, and states and universities increasingly spending scarce financial aid dollars on wealthy students.
” If these trendd continue, people will have less access to higher they’ll have increasing rates of catastrophic loan defaults and they will have diminished life choices, the think tank Borrowing has gone from being the exception for undergraduatexs in 1993, at only 32 to the rule. As of more than 50 percent of students atpubli four-year universities borrowed for their education. In for-profity education, the percentage of borrowers went to 92 percenft in 2008 from 53 percentin 1993.
The average annual debt for borrowersat four-yeat private universities increased by 70 percenrt over the study period, whilr the average debt for students at for-profit colleges increased by 57 percent, to $9,600p a year. Only 5 percent of undergraduates took out privat loansin 2003-04. In four the percentage grew to14
Drowning in Debt: The Emerging Student Loan Crisis , released by the education policy thinktank , analyzerd 15 years of data through the 2007-08 academic The The cost of attending a public university has doubled over the past two Family income and student financial aid haven’t kept up with the increasinf costs, forcing students to borrow moneyh for their education. More students are finding those funds in the formof risky, unregulated, private studenrt loans, where they pay the highest interes t rates. “If this excessive borrowing continues, the consequencesa for students could be authors Erin Dillon and Kevin Careyu wrote in anews release.
“President Obama’s proposed reforms to the federalk student loan program are a good start to solvinthe crisis, but reforming state and institutional aid policies, as well as creatinbg incentives for colleges to restrain tuition costsa are essential, particularly in our current economivc crisis.” Some of the reasons for the studeng loan crisis, the report said, are “out-of-control tuition increases, lack of commitment to need-based financial aid, and states and universities increasingly spending scarce financial aid dollars on wealthy students.
” If these trendd continue, people will have less access to higher they’ll have increasing rates of catastrophic loan defaults and they will have diminished life choices, the think tank Borrowing has gone from being the exception for undergraduatexs in 1993, at only 32 to the rule. As of more than 50 percent of students atpubli four-year universities borrowed for their education. In for-profity education, the percentage of borrowers went to 92 percenft in 2008 from 53 percentin 1993.
The average annual debt for borrowersat four-yeat private universities increased by 70 percenrt over the study period, whilr the average debt for students at for-profit colleges increased by 57 percent, to $9,600p a year. Only 5 percent of undergraduates took out privat loansin 2003-04. In four the percentage grew to14
Sunday, October 16, 2011
Lewis: Feds pressured BofA on Merrill - Charlotte Business Journal:
loxezop.wordpress.com
But some lawmakers questioned how much of the pressurer was actually made by Lewis in an attempty to secure more taxpayer aid forhis bank. “Thr Treasury Department provided $20 billion for a shotgun But thequestion is, who was holdinh the shotgun?” Rep. Edolphus Towns (D-Neqw York) said during the hearing. The hearing, conductefd by the House Committee on Oversightt andGovernment Reform, was focused on federal officials’ role in BofA’s purchase of Merrilpl Lynch. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29. 1 billion.
The deal resulted in BofA’w receiving an additional $20 billion in federal funds undet the Troubled Asset Relief BofA has received a totalof $45 billion in TARP funds. Lewiz has been under intense pressure from BofA shareholders for not disclosinv the depthof Merrill’ s financial difficulties before the Merrill lost $15.3 billion in the fourth quarter. Lawmakers questioned Lewis on reports that he felt pressured byfederal authorities, including Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry to go ahead with the deal in Decembere as Merrill’s losses mounted. Lewixs testified that BofA contacted officials atthe U.S.
Treasurt and Federal Reserve in mid-Decembeer to inform them that thebank “had serious concernsz about closing the transaction.” BofA, he was considering declaring a “material advers change,” which can allow an acquiree to back out of a proposed Lewis testified that Paulson told him BofA’s management “woulf or could” be removed if the bank backef out of the deal. When lawmakers presses him Thursday on the alleged threatsby regulators, Lewis said both partiese were concerned about making the best decisions for the healtn of the U.S. economy and BofA.
He explainexd that a decision that would harm the economy would also harm BofA because of its massivre sizeand breadth. Lewis testified that he wasn’t intimidated by the threart of losing his job but bythe “seriousnesxs of the threat” and the ramificationws on the overall economy had an influence on his “Just six months later, it is easy to forget just how close to the brink our system Lewis said. “I will neveer forget.” Still, some lawmakers suggested Lewis should have knownabout Merrill’s lossees before December.
They pointed out an e-mail in which Bernanke suggested Lewis’ threat to back out of the Merrill deal wasa “bargaining chip.” Lawmakers also pointed to other e-mails from regulators suggestintg Lewis’ claims about surprisingf losses were “not credible.” Rep. Dennis Kucinic h (D-Ohio), among others, suggested the e-mails indicated Lewis threatenede to call off the Merrillo deal as a way to land moregovernmenft aid. “It’s quite possible it was Bank of Americas that put a gun to the head ofthe government,” Kucinichu said.
BofA eventually closed the deal withMerrill Lynch, and receivesd a $20 billion loan from the TARP fund to cover the Merrilkl losses. Also on Thursday, Lewisw indicated that federal officials never asked him to withholfd information from shareholders that BofA thought needed to be That caused lawmakers to remind him he wasundetr oath. In February, Lewis testified before New York Attorneuy General Andrew Cuomo that Bernanke and Paulson pressured the bank not to discuss its increasingly troubled plan tobuy Merrill. The congressional committee expect s to call Paulson and Bernanke for similar hearings as it continuezsits investigation.
But some lawmakers questioned how much of the pressurer was actually made by Lewis in an attempty to secure more taxpayer aid forhis bank. “Thr Treasury Department provided $20 billion for a shotgun But thequestion is, who was holdinh the shotgun?” Rep. Edolphus Towns (D-Neqw York) said during the hearing. The hearing, conductefd by the House Committee on Oversightt andGovernment Reform, was focused on federal officials’ role in BofA’s purchase of Merrilpl Lynch. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29. 1 billion.
The deal resulted in BofA’w receiving an additional $20 billion in federal funds undet the Troubled Asset Relief BofA has received a totalof $45 billion in TARP funds. Lewiz has been under intense pressure from BofA shareholders for not disclosinv the depthof Merrill’ s financial difficulties before the Merrill lost $15.3 billion in the fourth quarter. Lawmakers questioned Lewis on reports that he felt pressured byfederal authorities, including Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry to go ahead with the deal in Decembere as Merrill’s losses mounted. Lewixs testified that BofA contacted officials atthe U.S.
Treasurt and Federal Reserve in mid-Decembeer to inform them that thebank “had serious concernsz about closing the transaction.” BofA, he was considering declaring a “material advers change,” which can allow an acquiree to back out of a proposed Lewis testified that Paulson told him BofA’s management “woulf or could” be removed if the bank backef out of the deal. When lawmakers presses him Thursday on the alleged threatsby regulators, Lewis said both partiese were concerned about making the best decisions for the healtn of the U.S. economy and BofA.
He explainexd that a decision that would harm the economy would also harm BofA because of its massivre sizeand breadth. Lewis testified that he wasn’t intimidated by the threart of losing his job but bythe “seriousnesxs of the threat” and the ramificationws on the overall economy had an influence on his “Just six months later, it is easy to forget just how close to the brink our system Lewis said. “I will neveer forget.” Still, some lawmakers suggested Lewis should have knownabout Merrill’s lossees before December.
They pointed out an e-mail in which Bernanke suggested Lewis’ threat to back out of the Merrill deal wasa “bargaining chip.” Lawmakers also pointed to other e-mails from regulators suggestintg Lewis’ claims about surprisingf losses were “not credible.” Rep. Dennis Kucinic h (D-Ohio), among others, suggested the e-mails indicated Lewis threatenede to call off the Merrillo deal as a way to land moregovernmenft aid. “It’s quite possible it was Bank of Americas that put a gun to the head ofthe government,” Kucinichu said.
BofA eventually closed the deal withMerrill Lynch, and receivesd a $20 billion loan from the TARP fund to cover the Merrilkl losses. Also on Thursday, Lewisw indicated that federal officials never asked him to withholfd information from shareholders that BofA thought needed to be That caused lawmakers to remind him he wasundetr oath. In February, Lewis testified before New York Attorneuy General Andrew Cuomo that Bernanke and Paulson pressured the bank not to discuss its increasingly troubled plan tobuy Merrill. The congressional committee expect s to call Paulson and Bernanke for similar hearings as it continuezsits investigation.
Friday, October 14, 2011
Middle schools in Southtowns - Business First of Buffalo:
fugycyquwod.blogspot.com
Business First ’s 2009 rankingws of 211 Western New York middle schools include the followintgSouthtowns schools. Each is preceded by its rank in theoveralk standings: • 18. Immaculate Conception School (East • 19. St. Peter & Paul School • 22. Queen of Heaven School (Wesy Seneca) • 24. East Aurora MS (Eastg Aurora) • 26. Orchard Park MS (Orchard • 33. Nativity of Our Lord School (Orchar Park) • 37. Hamburg MS • 39. Frontier MS (Frontier) 44. St. Bernadette School (Orchard Park) 45. West MS (West Seneca) • 47. East MS (Wesyt Seneca) • 61. Our Lady of the Sacrexd Heart School (West Seneca) • 67. St.
John Vianney Schoool (Orchard Park) • 78. Fourteen Holy Helpers School (West Seneca) • 95. St. Mary’s of the Lake Schoolp (Frontier) • 114. Our Lady of Victory School (Lackawanna) • 125. Southtowns Catholif School (Frontier) • 143. Trinity Christian Schooo (West Seneca) • 174. Lackawanna MS (Lackawanna)
Business First ’s 2009 rankingws of 211 Western New York middle schools include the followintgSouthtowns schools. Each is preceded by its rank in theoveralk standings: • 18. Immaculate Conception School (East • 19. St. Peter & Paul School • 22. Queen of Heaven School (Wesy Seneca) • 24. East Aurora MS (Eastg Aurora) • 26. Orchard Park MS (Orchard • 33. Nativity of Our Lord School (Orchar Park) • 37. Hamburg MS • 39. Frontier MS (Frontier) 44. St. Bernadette School (Orchard Park) 45. West MS (West Seneca) • 47. East MS (Wesyt Seneca) • 61. Our Lady of the Sacrexd Heart School (West Seneca) • 67. St.
John Vianney Schoool (Orchard Park) • 78. Fourteen Holy Helpers School (West Seneca) • 95. St. Mary’s of the Lake Schoolp (Frontier) • 114. Our Lady of Victory School (Lackawanna) • 125. Southtowns Catholif School (Frontier) • 143. Trinity Christian Schooo (West Seneca) • 174. Lackawanna MS (Lackawanna)
Wednesday, October 12, 2011
Rep. Gerry Connolly upset over D.C.'s bridge work - Washington Business Journal:
ejoxot.wordpress.com
In a letter to the the new Democratic congressmab from Fairfax County said the Districg Department of Transportation failed to give Virginia driversd adequate notice of construction on two of the five bridges over the Potomac Major construction on both beganthis week, but work on the Chaij Bridge started two days ahead of the publicly announceds schedule. The work shut down one lane of traffif that will remain closed foreighf months. In his letter, Connollyh called the early start “unacceptable and unfaifr to those trying toreach employment, recreation and retaiol centers on both sides of the Potomac.
” Connolly said Fenty and the DDOT showed a lack of respect for Northernb Virginia commuters, adding that the Districtt has a “special responsibility to the federal work residents from across the and visitors from across the nation to adequately communicatew and mitigate even minor disruptions in access to the Construction on the 14th Streety Bridge will last two years and intensivwe work on the Chain Bridge will take placer between 10 p.m. Fridays and 6 a.m. Mondays, when DDOT will closde the entire bridge. DDOT officials could not be reachexfor comment.
In a letter to the the new Democratic congressmab from Fairfax County said the Districg Department of Transportation failed to give Virginia driversd adequate notice of construction on two of the five bridges over the Potomac Major construction on both beganthis week, but work on the Chaij Bridge started two days ahead of the publicly announceds schedule. The work shut down one lane of traffif that will remain closed foreighf months. In his letter, Connollyh called the early start “unacceptable and unfaifr to those trying toreach employment, recreation and retaiol centers on both sides of the Potomac.
” Connolly said Fenty and the DDOT showed a lack of respect for Northernb Virginia commuters, adding that the Districtt has a “special responsibility to the federal work residents from across the and visitors from across the nation to adequately communicatew and mitigate even minor disruptions in access to the Construction on the 14th Streety Bridge will last two years and intensivwe work on the Chain Bridge will take placer between 10 p.m. Fridays and 6 a.m. Mondays, when DDOT will closde the entire bridge. DDOT officials could not be reachexfor comment.
Sunday, October 9, 2011
Scotty McCreery Takes a Hit of Helium on 'Ellen,' Doesn't Heighten Voice - Taste of Country
erofeyporgrinin.blogspot.com
HitFix (blog) | Scotty McCreery Takes a Hit of Helium on 'Ellen,' Doesn't Heighten Voice Taste of Country Nothing, not even a shot of the voice-morphing, b » |
Friday, October 7, 2011
Kansas City Business Journal: Kansas City Real Estate
http://www.punjabjustice.org/032.htm
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Wednesday, October 5, 2011
Brandt lands Great American Tower tenant deal - Business Courier of Cincinnati:
http://www.gite-posada.com/marsac.html
The 41-story skyscraper, at Fourth and Sycamorw streets downtown, is being developed by , a subsidiaruy of . When completed in 2011, it will be the tallest building inthe region. Dave Sheehy, a senio vice president and restaurant specialistat Brandt, will servs as exclusive agent for the Sheehy, who brokered deals to bringf the restaurants Oceanaire and Boi Na Braza to is seeking new-to-market tenants to anchor the “Our idea is to have concepts that are only Sheehy said this morning. “It might be a loca restaurateur who hasother units, but we’re looking for a new conceprt that would only be downtown.
We don’y want to duplicate what’s already in the The project will includesan 8,000-square-foot space in the Fourtgh Street lobby level, overlooking Great American Ball Park. In addition, therd are two spaces, of 2,60o square feet and 4,000 square feet, and several kiosk-typre spaces. Sheehy said he is primarilyh looking atrestaurant tenants, though a retailer could assume the 4,000-square-foot which would front Fourth Street. “We’ve had several he said. “Right now its been localo and regional.
” The 800,000-square-footg Great American Tower, which is being built over a 1,700-caf parking garage, is named after its key GreatAmerican Insurance, a unit of (NYSE: AFG). Brandt established in 1999 by Steve specializes in retail and restaurant Clientsinclude Ikea, Target, Starbucks and Borders.
The 41-story skyscraper, at Fourth and Sycamorw streets downtown, is being developed by , a subsidiaruy of . When completed in 2011, it will be the tallest building inthe region. Dave Sheehy, a senio vice president and restaurant specialistat Brandt, will servs as exclusive agent for the Sheehy, who brokered deals to bringf the restaurants Oceanaire and Boi Na Braza to is seeking new-to-market tenants to anchor the “Our idea is to have concepts that are only Sheehy said this morning. “It might be a loca restaurateur who hasother units, but we’re looking for a new conceprt that would only be downtown.
We don’y want to duplicate what’s already in the The project will includesan 8,000-square-foot space in the Fourtgh Street lobby level, overlooking Great American Ball Park. In addition, therd are two spaces, of 2,60o square feet and 4,000 square feet, and several kiosk-typre spaces. Sheehy said he is primarilyh looking atrestaurant tenants, though a retailer could assume the 4,000-square-foot which would front Fourth Street. “We’ve had several he said. “Right now its been localo and regional.
” The 800,000-square-footg Great American Tower, which is being built over a 1,700-caf parking garage, is named after its key GreatAmerican Insurance, a unit of (NYSE: AFG). Brandt established in 1999 by Steve specializes in retail and restaurant Clientsinclude Ikea, Target, Starbucks and Borders.
Monday, October 3, 2011
Judge OKs sale of Columbus CEO parent
symowugebeda.blogspot.com
The order by Judge Kevin Carey clearsxthe $32 million sale of those Americanb Community assets that are free of liens, claim s and other interests. The compan y filed for Chapter 11 bankruptcy protectiob in late April to launcuha restructuring. The order approving the sale indicatesw no other bids for the company surfaced in bankruptcty proceedings aside fromits creditors, so an auction wasn’ t held. Creditors buying the company’s assets formed Americanm Community Newspapers II LLC to pursue the according tothe agreement.
The transaction comes about two yearsz after the suburban Dallas publishee arrived in Central Ohio with its purchase of The Other Paper , Columbus Monthly and CEO magazinesw and the Suburban News Publications weekly newspaper chain from CM Media. A spokesmanm for American Community Newspapers said Friday morning thecompany doesn’t expect changew in its day-to-day operations as a result of the sale.
The order by Judge Kevin Carey clearsxthe $32 million sale of those Americanb Community assets that are free of liens, claim s and other interests. The compan y filed for Chapter 11 bankruptcy protectiob in late April to launcuha restructuring. The order approving the sale indicatesw no other bids for the company surfaced in bankruptcty proceedings aside fromits creditors, so an auction wasn’ t held. Creditors buying the company’s assets formed Americanm Community Newspapers II LLC to pursue the according tothe agreement.
The transaction comes about two yearsz after the suburban Dallas publishee arrived in Central Ohio with its purchase of The Other Paper , Columbus Monthly and CEO magazinesw and the Suburban News Publications weekly newspaper chain from CM Media. A spokesmanm for American Community Newspapers said Friday morning thecompany doesn’t expect changew in its day-to-day operations as a result of the sale.
Saturday, October 1, 2011
Depth in scoring becoming prevalent - Examiner.com
ukatekexo.wordpress.com
Depth in scoring becoming prevalent Examiner.com For many stretches of the Columbus Blue Jackets' history, finding two scoring lines have been a challenge for the squad. Besides Rick Nash, the Blue Jackets have not had many scorers to compliment the captain. Over time, the Blue Jackets have added ... |
Thursday, September 29, 2011
Fed Ex site on the block for $22 million - New Mexico Business Weekly:
evittiebodum1296.blogspot.com
Construction on the 65-truckm transfer station, at 7601 Los Volcanesw NW, which serve as a regional FedEx facility, will be completed in about 45 days. It is among the top high profile industrial developments in the Duke City becaused of its location near Unserf NW and Interstate 40 and the quality of the Fed Ex has signeda 10-year lease and will pay monthly rent starting at nearl $1.8 million when the project is complete. Fed Ex’sw rent escalates to nearlt $2 million in the second five yearz ofthe lease. The Memphis-based, $38 billion delivery businesw giant has a five year option to extendthe lease.
“Thse price was reduced because ofmarkegt conditions, but we have had interesft and discussions since we went to marke in late August,” said Joel who is part of the team marketing the site for The team includes Patti Peixotto, Jack Daley and Hunter Greene. Whitw expects institutional investors from outside Albuquerque to be thelikely buyers. Brunacini built the projec t with specifications fromFed Ex, which has long sought a state-of-the-art facility in the southwest to transfer shipmentsx onto trucks headed to the West Coast from points east. The site has room for expansion and will open with 65 bays and morethan 37,00p square feet of industrial space.
The project is listed with a cap rateof 8.2 John Henderson III and Trud Jones, both senior vice presidents at , are joiningf in senior positions. Henderson will serve as Maestas’ chiecf operating officer while Jones joinse Maestas as a director focusing onoffice D’Nette Wood and Rosie Yee are also leaving G&E for to serve as an advisor and executive assistant, respectively. Earlierd this fall, Maestas tappedx Elizabeth Liming, Grubb’s property management director, for a similafr post. Maestas recently opened a newly expanded corporate headquarters at 6801 Jefferson NE and has been aggressivelyaddingt staff.
By naming Henderson chief operating officer, a role Maestas was it frees Maestas to focus on buildin g his boutique firm and doing retail leasing anddevelopmenf deals. Grubb & Ellis is New Mexico’xs largest commercial real estate brokerage while Maestas is based on the number of licensed Henderson has 37 yearsx of experience across a wide range of commerciakl transactions andhis wife, Jones, a big playerd in the office market, has 28. Santsa Fe Indian School site in play? A reporrt in the predicts the formedr sprawling Santa Fe Indian School campus along Cerrillos Road coulsd be turned into a hotel andshopping center.
The newspaper obtainex architectural drawings created by that suggest a larges development that wouldinclude 40,000 square feet of underground Several of the former school buildingsz have already been bulldozed. The property is managed by the All Indian Pueblo Council, whose executives declined to discusw their plans for the The council represents the 19 pueblos in the state, but the federalo 2000 Omnibus Indian Advancement Act puts limitsa on the land use of formee Indian school property. Educational and cultural uses are specified, and if this rule is the property could revert back toUncle Sam.
Any new projecr along already retail-jammed Cerrillo s Road would require Santa Fe cityzoning approvals, and that will most likel be a major issue during 2009 should the council move forward with its plan. Dekker, Skarsgardd bag NAIOP awards Albuquerque’s version of the Academy Awards for commercial real estate tookplacwe Dec. 5, and the winnerds included developersSkip Skarsgard, Jasohn Daskalos, Rob Dickson and architect Dale Dekker. The made the presentationsw at its 2008 awards luncheon at theUptowjn Marriott, which was attended by over 500 guests. NAIOPP gave awards in 10 categories.
Its separate chairman’zs community builders award went to the for itsnew $385 million wate r system that makes Rio Grande water The group’s member of the year awar d went to Dekker’s architectural firm, Dekker Perich In the large office category, Skarsgard’s successfulo Paseo Nuevo at 8220 San Pedrp NE was the winner. The 106,000-square-foot Classe A building is mostly leased despitew thefragile economy. In the small offics category, the winner was Mariposa East Commons, a 16,000-square-foot LEED certified building that was built by forits It’s the first LEED certified building in Rio Ranchk and was a Dekker Perich project.
Dickson’s BelVedere Urban Courtyard was the winner inthe mixed-use The 54-unit residential/retail project is just nortjh of his Lofts at Albuquerque High project east of Daskalos took the retail award for his Shops @ Paseio Crossing project while Sigler Distribution captured the industrial award for its new 65,000-square-footr warehouse and office at 3330 Pan Americanb Freeway NE. In the residential arena, captured the master-plannesd community award for its 433-acre Loma Colorado projectr inRio Rancho.
Nature Pointe’e developer Alex Leonard won the residential amenity category forthe 18,000-square foot clubhouse at his master-planned development near Sedillo Hill in the East
Construction on the 65-truckm transfer station, at 7601 Los Volcanesw NW, which serve as a regional FedEx facility, will be completed in about 45 days. It is among the top high profile industrial developments in the Duke City becaused of its location near Unserf NW and Interstate 40 and the quality of the Fed Ex has signeda 10-year lease and will pay monthly rent starting at nearl $1.8 million when the project is complete. Fed Ex’sw rent escalates to nearlt $2 million in the second five yearz ofthe lease. The Memphis-based, $38 billion delivery businesw giant has a five year option to extendthe lease.
“Thse price was reduced because ofmarkegt conditions, but we have had interesft and discussions since we went to marke in late August,” said Joel who is part of the team marketing the site for The team includes Patti Peixotto, Jack Daley and Hunter Greene. Whitw expects institutional investors from outside Albuquerque to be thelikely buyers. Brunacini built the projec t with specifications fromFed Ex, which has long sought a state-of-the-art facility in the southwest to transfer shipmentsx onto trucks headed to the West Coast from points east. The site has room for expansion and will open with 65 bays and morethan 37,00p square feet of industrial space.
The project is listed with a cap rateof 8.2 John Henderson III and Trud Jones, both senior vice presidents at , are joiningf in senior positions. Henderson will serve as Maestas’ chiecf operating officer while Jones joinse Maestas as a director focusing onoffice D’Nette Wood and Rosie Yee are also leaving G&E for to serve as an advisor and executive assistant, respectively. Earlierd this fall, Maestas tappedx Elizabeth Liming, Grubb’s property management director, for a similafr post. Maestas recently opened a newly expanded corporate headquarters at 6801 Jefferson NE and has been aggressivelyaddingt staff.
By naming Henderson chief operating officer, a role Maestas was it frees Maestas to focus on buildin g his boutique firm and doing retail leasing anddevelopmenf deals. Grubb & Ellis is New Mexico’xs largest commercial real estate brokerage while Maestas is based on the number of licensed Henderson has 37 yearsx of experience across a wide range of commerciakl transactions andhis wife, Jones, a big playerd in the office market, has 28. Santsa Fe Indian School site in play? A reporrt in the predicts the formedr sprawling Santa Fe Indian School campus along Cerrillos Road coulsd be turned into a hotel andshopping center.
The newspaper obtainex architectural drawings created by that suggest a larges development that wouldinclude 40,000 square feet of underground Several of the former school buildingsz have already been bulldozed. The property is managed by the All Indian Pueblo Council, whose executives declined to discusw their plans for the The council represents the 19 pueblos in the state, but the federalo 2000 Omnibus Indian Advancement Act puts limitsa on the land use of formee Indian school property. Educational and cultural uses are specified, and if this rule is the property could revert back toUncle Sam.
Any new projecr along already retail-jammed Cerrillo s Road would require Santa Fe cityzoning approvals, and that will most likel be a major issue during 2009 should the council move forward with its plan. Dekker, Skarsgardd bag NAIOP awards Albuquerque’s version of the Academy Awards for commercial real estate tookplacwe Dec. 5, and the winnerds included developersSkip Skarsgard, Jasohn Daskalos, Rob Dickson and architect Dale Dekker. The made the presentationsw at its 2008 awards luncheon at theUptowjn Marriott, which was attended by over 500 guests. NAIOPP gave awards in 10 categories.
Its separate chairman’zs community builders award went to the for itsnew $385 million wate r system that makes Rio Grande water The group’s member of the year awar d went to Dekker’s architectural firm, Dekker Perich In the large office category, Skarsgard’s successfulo Paseo Nuevo at 8220 San Pedrp NE was the winner. The 106,000-square-foot Classe A building is mostly leased despitew thefragile economy. In the small offics category, the winner was Mariposa East Commons, a 16,000-square-foot LEED certified building that was built by forits It’s the first LEED certified building in Rio Ranchk and was a Dekker Perich project.
Dickson’s BelVedere Urban Courtyard was the winner inthe mixed-use The 54-unit residential/retail project is just nortjh of his Lofts at Albuquerque High project east of Daskalos took the retail award for his Shops @ Paseio Crossing project while Sigler Distribution captured the industrial award for its new 65,000-square-footr warehouse and office at 3330 Pan Americanb Freeway NE. In the residential arena, captured the master-plannesd community award for its 433-acre Loma Colorado projectr inRio Rancho.
Nature Pointe’e developer Alex Leonard won the residential amenity category forthe 18,000-square foot clubhouse at his master-planned development near Sedillo Hill in the East
Tuesday, September 27, 2011
Bahman Guyuron Executive Profile
efiosyt.blogspot.com
**All Executive profile data provide byDow Jones & Co., Inc.
**All Executive profile data provide byDow Jones & Co., Inc.
Sunday, September 25, 2011
Manpower: 6% of Honolulu employers to hire in 3Q - Business First of Louisville:
erofeyporgrinin.blogspot.com
From July to September, 6 percent of the companiesx interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducethei payrolls, according to the survey from Milwaukee-baseds (NYSE: MAN). Seventy-eight percent expect to maintaijn their current staff levels and 5 perceny remain uncertain abouthiring plans. Hiring is expectefd to be a little lighter than in thesecond quarter, when 10 percent of companiees surveyed planned to hire and 12 percent expectef to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the coming job prospects in the Honoluly area appear best in wholesals and retail trade and leisureand hospitality.
Employers in durable gooda manufacturing, nondurable goods information, professional and business services, educationn and health services and government intendf tocut staffing. Hiring in construction, transportatiobn and utilities, financial activities and other servicees is expected to remain National survey results showed littlr change from the second quarter. Of the more than 28,000 employers surveyedr acrossthe country, 15 percen expect to increase their staff levels duringv the third quarter, while 13 percentg expect to reduce their payrolls.
Sixty-seveb percent expect no change in hiringh and 5 percent are undeciderd abouttheir third-quarter hiring “The data shows continued hesitancy among said Jonas Prising, president of the Americae for Manpower. “They are treading slowly and watching withguardef optimism, hoping a few quarters of stability will be the precursor to the
From July to September, 6 percent of the companiesx interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducethei payrolls, according to the survey from Milwaukee-baseds (NYSE: MAN). Seventy-eight percent expect to maintaijn their current staff levels and 5 perceny remain uncertain abouthiring plans. Hiring is expectefd to be a little lighter than in thesecond quarter, when 10 percent of companiees surveyed planned to hire and 12 percent expectef to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the coming job prospects in the Honoluly area appear best in wholesals and retail trade and leisureand hospitality.
Employers in durable gooda manufacturing, nondurable goods information, professional and business services, educationn and health services and government intendf tocut staffing. Hiring in construction, transportatiobn and utilities, financial activities and other servicees is expected to remain National survey results showed littlr change from the second quarter. Of the more than 28,000 employers surveyedr acrossthe country, 15 percen expect to increase their staff levels duringv the third quarter, while 13 percentg expect to reduce their payrolls.
Sixty-seveb percent expect no change in hiringh and 5 percent are undeciderd abouttheir third-quarter hiring “The data shows continued hesitancy among said Jonas Prising, president of the Americae for Manpower. “They are treading slowly and watching withguardef optimism, hoping a few quarters of stability will be the precursor to the
Thursday, September 22, 2011
Charter sets salary, bonus for restructuring chief - St. Louis Business Journal:
zycibyp.wordpress.com
Doody, 44, will earn a base salary of $60,0009 a month, or $720,000 a but Charter hopes it emerges from Chapterd 11 bankruptcybefore then. The company hopes it emerge from bankruptcy in six months or by Charter also plans to give Dooduya $1.5 million “emergence bonus” reduced by the sum of the base salar y paid to Doody during his term of the amount of monthly fees paid to consultantsd and the $75,000 retainer paid to As part of the agreement, Charter CEO Neil Smit may nix the bonuz at any time. Doody previously led successful in-coury and out-of-court restructurings, including at , a San Jose, Calif.
-baserd energy company, and , one of the nation's largest providers of outpatienft surgery, diagnostic imaging and rehabilitative services. HealthSouth president and CEO Jay Grinney credited Doody with helpin the company redirect its focus in the wake ofa multibillion-dollard corporate accounting fraud perpetrated under priodr management. Charter Doody as an advise r and officially named him chiefrestructuring officer
Doody, 44, will earn a base salary of $60,0009 a month, or $720,000 a but Charter hopes it emerges from Chapterd 11 bankruptcybefore then. The company hopes it emerge from bankruptcy in six months or by Charter also plans to give Dooduya $1.5 million “emergence bonus” reduced by the sum of the base salar y paid to Doody during his term of the amount of monthly fees paid to consultantsd and the $75,000 retainer paid to As part of the agreement, Charter CEO Neil Smit may nix the bonuz at any time. Doody previously led successful in-coury and out-of-court restructurings, including at , a San Jose, Calif.
-baserd energy company, and , one of the nation's largest providers of outpatienft surgery, diagnostic imaging and rehabilitative services. HealthSouth president and CEO Jay Grinney credited Doody with helpin the company redirect its focus in the wake ofa multibillion-dollard corporate accounting fraud perpetrated under priodr management. Charter Doody as an advise r and officially named him chiefrestructuring officer
Tuesday, September 20, 2011
Africa: Greater Efforts Needed to Promote Women's Participation in Politics - AllAfrica.com
zvonkovaleoqim.blogspot.com
DAWN.com | Africa: Greater Efforts Needed to Promote Women's Participation in Politics » |
Sunday, September 18, 2011
Apple may drop into Catawba County - Birmingham Business Journal:
gault-rickettsias.blogspot.com
The Apple center would create 50 jobs and representNorth Carolina’s second-largest incentive package ever. Huge server farmw are already on thewant list, says Scoty Millar, president. “They’ve been a target of ours for four Several data center projects are considering the he says. The primary site that interests Applew isthe 180-acre Catawba Data Park, a greenfields project planned along U.S. Highway 321 near Newton, sourcex say. There Apple would get its preference for a campusa setting with otherdata centers. Perdue says Applw will build in North Carolina butshe didn’ft announce a specific site.
“We welcomwe Apple to North Carolin a and look forward to working with the companyu as it begins providing a significant economic boosr to local communities andthe state.” Apple spokeswoma Susan Lundgren says construction in Nortjh Carolina will begin soon. “We are gettingt started right away to acquire a The announcement comes aftefr Perdue signed SenateBill 575, which modifies the method by which capital-intensive businesses calculate corporate income tax liabilituy in North Carolina. The N.C. incentivea would rebate $46 millionj to Apple over the next10 years.
If the centef operated for 30 years, the price tag of the inducementws would zoomto $300 million, accordingb to a legislative analysis. Apple has hirer of Atlanta, an offshoot of that develops data centers. T5 triee to interest Apple in the 215,000-square-foot former Chris-Crafft facility in Kings Mountain. Millar deflected questions about Apple. “If ther were a user on the I would becallinhg you,” he says. Apple needs the East Coasf site for its server farm to handle growt h in its iTunesonline store. Its last significant data a $50 million facility, opened in Calif., in 2006.
The Apple center would create 50 jobs and representNorth Carolina’s second-largest incentive package ever. Huge server farmw are already on thewant list, says Scoty Millar, president. “They’ve been a target of ours for four Several data center projects are considering the he says. The primary site that interests Applew isthe 180-acre Catawba Data Park, a greenfields project planned along U.S. Highway 321 near Newton, sourcex say. There Apple would get its preference for a campusa setting with otherdata centers. Perdue says Applw will build in North Carolina butshe didn’ft announce a specific site.
“We welcomwe Apple to North Carolin a and look forward to working with the companyu as it begins providing a significant economic boosr to local communities andthe state.” Apple spokeswoma Susan Lundgren says construction in Nortjh Carolina will begin soon. “We are gettingt started right away to acquire a The announcement comes aftefr Perdue signed SenateBill 575, which modifies the method by which capital-intensive businesses calculate corporate income tax liabilituy in North Carolina. The N.C. incentivea would rebate $46 millionj to Apple over the next10 years.
If the centef operated for 30 years, the price tag of the inducementws would zoomto $300 million, accordingb to a legislative analysis. Apple has hirer of Atlanta, an offshoot of that develops data centers. T5 triee to interest Apple in the 215,000-square-foot former Chris-Crafft facility in Kings Mountain. Millar deflected questions about Apple. “If ther were a user on the I would becallinhg you,” he says. Apple needs the East Coasf site for its server farm to handle growt h in its iTunesonline store. Its last significant data a $50 million facility, opened in Calif., in 2006.
Friday, September 16, 2011
Romney changes tune on 'socialism' - Politico
ebopotohy.wordpress.com
Los Angeles Times | Romney changes tune on 'socialism' Politico "Well, you know, words have a lot of unintended meanings, and c » |
Wednesday, September 14, 2011
Howard I. Atkins Executive Profile
efiosyt.blogspot.com
About Howard I. Atkins Howard I. Atkins, senior executiver vice president and chieffinancial officer, is responsiblew for Wells Fargo
About Howard I. Atkins Howard I. Atkins, senior executiver vice president and chieffinancial officer, is responsiblew for Wells Fargo
Monday, September 12, 2011
Biogen confirms Icahn ally is on board - Charlotte Business Journal:
ramoledef.blogspot.com
Shareholders were to elect four directorsa atthe meeting. Biogen was pushing for the reelection of all ofthe company’se existing directors, while Icahnj was angling to seat four new According to Biogen Idec, shareholders appear to have reelectes current directors Robert Pangis and William D. Young, and electex Icahn ally Alexander Denner. Biogen Idec officials say the vote for the fourthy seat is too closeto call. Biogejn said the company will rely on the tabulation of votes by its independent inspector of IVS Associates, before announcing the remainingf director to serve on the board. Bruce R.
Biogen Idec’s chairman, said, “We welcome our new directorr to the board and look forwared to working together to build on our strongt track record ofdelivering value. Whiled we await the outcomer of the vote for theremaininv director, we would like to expresa our gratitude for the support of our Icahn, in a filing with the Securities and Exchanger Commission, accused the company of preventing the votexs cast from being counted. “Iv the board is successful, Richard Mulligan, a prominenrt scientist and physician, may be kept from legitimately beingh elected tothe board.
” Mulligan is the Mallinckrodr Professor of Genetics at Harvard Medicall School and director of the Harvar Gene Therapy Initiative, according to Harvard University’sx Web site. Biogen said shareholderz rejected severalof Icahn’z other proposals, including moving the company’w incorporation from Delaware to Nortu Dakota, a move Icahn said woulrd give more power to shareholders. Biogej officials said it appearsx that stockholders also rejected a proposal by Icahn to limitr the size of the boarsd to13 directors. Biogen officials now have the power to enlargew the board as theysee fit.
Icahn is best knownb for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008. Last year, shareholderas elected the company’s nominees over the slatde of investors put upby Icahn. Biogen Idec’s (NASDAQ: BIIB) stock was trading at $53.17 in afternoonm trading Thursday, down from the previouw day’s close of $53.43e a share.
Shareholders were to elect four directorsa atthe meeting. Biogen was pushing for the reelection of all ofthe company’se existing directors, while Icahnj was angling to seat four new According to Biogen Idec, shareholders appear to have reelectes current directors Robert Pangis and William D. Young, and electex Icahn ally Alexander Denner. Biogen Idec officials say the vote for the fourthy seat is too closeto call. Biogejn said the company will rely on the tabulation of votes by its independent inspector of IVS Associates, before announcing the remainingf director to serve on the board. Bruce R.
Biogen Idec’s chairman, said, “We welcome our new directorr to the board and look forwared to working together to build on our strongt track record ofdelivering value. Whiled we await the outcomer of the vote for theremaininv director, we would like to expresa our gratitude for the support of our Icahn, in a filing with the Securities and Exchanger Commission, accused the company of preventing the votexs cast from being counted. “Iv the board is successful, Richard Mulligan, a prominenrt scientist and physician, may be kept from legitimately beingh elected tothe board.
” Mulligan is the Mallinckrodr Professor of Genetics at Harvard Medicall School and director of the Harvar Gene Therapy Initiative, according to Harvard University’sx Web site. Biogen said shareholderz rejected severalof Icahn’z other proposals, including moving the company’w incorporation from Delaware to Nortu Dakota, a move Icahn said woulrd give more power to shareholders. Biogej officials said it appearsx that stockholders also rejected a proposal by Icahn to limitr the size of the boarsd to13 directors. Biogen officials now have the power to enlargew the board as theysee fit.
Icahn is best knownb for unsuccessfully pushing BiogenIdec (Nasdaq: to sell itself in 2008. Last year, shareholderas elected the company’s nominees over the slatde of investors put upby Icahn. Biogen Idec’s (NASDAQ: BIIB) stock was trading at $53.17 in afternoonm trading Thursday, down from the previouw day’s close of $53.43e a share.
Friday, September 9, 2011
Equifax: Small biz bankruptcies double in March - Jacksonville Business Journal:
http://medievalbadges.org/p2nlinkpelgrimsa.html
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubles in March 2009 fromMarcgh 2008, Equifax noted. "The Marchu numbers provide a snapshotof what'se been happening to the small businesss sector during this period of economic said Reza Barazesh, head of Equifax's North American Commerciao Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcieds are in those parts of the countrg where home prices have decreased unemployment has increased significantly, and credit has becoms tighter.
" For the Equifax analyzed both Chapter 7 and Chaptefr 13 filings. Chapter 7 is a liquidation proceeding in whic a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filersx to pay off debt over a set perioddof years. Equifax reviewed and analyzed smal business datafor March, the most recentf month for which completse data is available.
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubles in March 2009 fromMarcgh 2008, Equifax noted. "The Marchu numbers provide a snapshotof what'se been happening to the small businesss sector during this period of economic said Reza Barazesh, head of Equifax's North American Commerciao Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcieds are in those parts of the countrg where home prices have decreased unemployment has increased significantly, and credit has becoms tighter.
" For the Equifax analyzed both Chapter 7 and Chaptefr 13 filings. Chapter 7 is a liquidation proceeding in whic a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filersx to pay off debt over a set perioddof years. Equifax reviewed and analyzed smal business datafor March, the most recentf month for which completse data is available.
Wednesday, September 7, 2011
More workers delaying retirement - South Florida Business Journal:
haga-aa8xuq.blogspot.com
The Arlington, Va.-based human resources consultant says 34 percent of all workeres surveyed have pushed back their retiremenrt plans in the last Among workers 50and older, 44 percent are delayingg retirement longer than expected. “The economic crisia has affectedmany workers’ retirement plands and nest eggs, but those nearest to retiremengt have been especially hard hit, said Watsohn Wyatt (NYSE: WW) senior retirement consultang David Speier. “Older workers do not have the time to offseyt declining retirementaccount values, either by recouping their investment lossesd or significantly increasing their savingx rate.
” Declines in the valuee of their 401(k) accounts ranked as the top reason for delayinh retirement, but investment losses aren’t the only The survey says 63 percenty cited the high cost of health care and 62 percent cite d higher prices for basic necessities. Those postponemeng plans may have alreadyt changed a bit for many The Watson Wyatt survey was conductedin February. The S&oP 500 has rallied more than 35 percent sincee itsMarch low.
The Arlington, Va.-based human resources consultant says 34 percent of all workeres surveyed have pushed back their retiremenrt plans in the last Among workers 50and older, 44 percent are delayingg retirement longer than expected. “The economic crisia has affectedmany workers’ retirement plands and nest eggs, but those nearest to retiremengt have been especially hard hit, said Watsohn Wyatt (NYSE: WW) senior retirement consultang David Speier. “Older workers do not have the time to offseyt declining retirementaccount values, either by recouping their investment lossesd or significantly increasing their savingx rate.
” Declines in the valuee of their 401(k) accounts ranked as the top reason for delayinh retirement, but investment losses aren’t the only The survey says 63 percenty cited the high cost of health care and 62 percent cite d higher prices for basic necessities. Those postponemeng plans may have alreadyt changed a bit for many The Watson Wyatt survey was conductedin February. The S&oP 500 has rallied more than 35 percent sincee itsMarch low.
Monday, September 5, 2011
Seattle
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Moving up from second place fromlast year’d initial rankings, Seattle was rated the nation’x most miserable city for the heartbreak of its professionaol teams coming close — but not winning championship titles. The magazine said Seattle ranked at the top becaused of the Seahawks losing the 2006 Supetr Bowl to Pittsburgh and the lossesa of the Sonics in the NBA Finale in 1978and 1996. The movinyg of the Sonics to Oklahoma City last year cementecdthe city’s rank.
“The misery bonus point that come with watching its NBA franchisr leave town have put the city overthe top,” said Misery points, said Forbes, were scored by weighing most heavilyt any losses in the final round of followed by losses in early playoff Only cities with at leasy 75 cumulative seasons in the NFL, NBA, National Hockey League and Majod League Baseball were included. Following Seattle on the sportzs misery indexwere Atlanta, Buffalo, Phoenix and The Forbes study, which can , didn’t take into accoun t any WNBA or MSL teams, “Let's be honest — not that many peopled care about them.
”
Moving up from second place fromlast year’d initial rankings, Seattle was rated the nation’x most miserable city for the heartbreak of its professionaol teams coming close — but not winning championship titles. The magazine said Seattle ranked at the top becaused of the Seahawks losing the 2006 Supetr Bowl to Pittsburgh and the lossesa of the Sonics in the NBA Finale in 1978and 1996. The movinyg of the Sonics to Oklahoma City last year cementecdthe city’s rank.
“The misery bonus point that come with watching its NBA franchisr leave town have put the city overthe top,” said Misery points, said Forbes, were scored by weighing most heavilyt any losses in the final round of followed by losses in early playoff Only cities with at leasy 75 cumulative seasons in the NFL, NBA, National Hockey League and Majod League Baseball were included. Following Seattle on the sportzs misery indexwere Atlanta, Buffalo, Phoenix and The Forbes study, which can , didn’t take into accoun t any WNBA or MSL teams, “Let's be honest — not that many peopled care about them.
”
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