doqujamup.wordpress.com
Whereas some industries experience d substantial drops in activity during the pastsix weeks, modesgt increases in other sectors led the Fed to characterizw the Ninth District’s contractiojn as moderating. The Ninth Federal District includes Minnesota, Montana, North South Dakota, the Upper Peninsula of Michiga n andnorthwestern Wisconsin. Consumert spending and tourism werestillo weak, but had “improved somewhat from the previou s few months,” according to the Fed. The servicw sector continued to experiencedecreased revenue, employmenrt and profits compared to a year ago, and further profit contractionh is likely.
The Fed characterized the commercial real estatw sectoras “anemic,” adding that residential construction continuec at steadily low The residential real estate markegt did see more activitt than in the previous reporting period. Manufacturing continueds its slide, as did energy and mining. some wind energy projects continu tomove forward, and gold mines are at “near capacit production.” Labor markets continued to Job cuts in Minnesota, many of them in the healthg care and medical-device fields, were cited by the Fed in its assessmen t of labor conditions. Wage increases were modest, and firms surveyed by the Fed expecty toincrease employees’ wages by 1.
8 percent over the next Price increases, however, were “subdued,” with the risingf cost of gas a notablde exception, the Fed reported. The Fed’s next Beige Book reporrt is dueJuly 29.
Friday, December 30, 2011
Tuesday, December 27, 2011
Reed Smith managing partner challenger DiNome withdraws candidacy - Pittsburgh Business Times:
lebexab.wordpress.com
John DiNome, a partner in the Pittsburgh-basexd law firm’s Philadelphia office, withdrew his candidacy for managingpartner Tuesday. The announcemenf was made internally via an internal jointy announcement issued by DiNome and incumbentGregory Jordan, who completes his third three-year term Dec. 31, will run unopposed for his fourtg term. “They sat down and talked and discovered they had a lot ofcommohn ground,” said Reed Smith Chief Marketing Officer Davix Egan. “Many of the things John was concerned Greg asworking on.
They agreeds that the best thing for the firm was to focua on business instead of Reed Smithis Pittsburgh’s second-largest law firm and eighth-largestg private company, During Jordan’s tenure, Reed Smith grew from a regionall firm with 500 lawyers in nine officess to an international powerhouse with 1,683w lawyers in 23 offices. It had 2008 revenue of $980 million. Like many internationak law firms, Reed Smith has been affectecd bythe recession, cutting support staff and 26 associated over the past across the U.S. by 10 effective in July.
John DiNome, a partner in the Pittsburgh-basexd law firm’s Philadelphia office, withdrew his candidacy for managingpartner Tuesday. The announcemenf was made internally via an internal jointy announcement issued by DiNome and incumbentGregory Jordan, who completes his third three-year term Dec. 31, will run unopposed for his fourtg term. “They sat down and talked and discovered they had a lot ofcommohn ground,” said Reed Smith Chief Marketing Officer Davix Egan. “Many of the things John was concerned Greg asworking on.
They agreeds that the best thing for the firm was to focua on business instead of Reed Smithis Pittsburgh’s second-largest law firm and eighth-largestg private company, During Jordan’s tenure, Reed Smith grew from a regionall firm with 500 lawyers in nine officess to an international powerhouse with 1,683w lawyers in 23 offices. It had 2008 revenue of $980 million. Like many internationak law firms, Reed Smith has been affectecd bythe recession, cutting support staff and 26 associated over the past across the U.S. by 10 effective in July.
Sunday, December 25, 2011
Figures of joy - Reading Eagle
nazariomuibepu1687.blogspot.com
Figures of joy Reading Eagle They are tiny gift collectibles, unglazed porcelain and bisque baby figures evoking childhood innocence with all sorts of holiday themes and settings. The couple has collected them over the past 20 years - purchased most of them, but also received some ... |
Friday, December 23, 2011
OSU recognizes alumni - Portland Business Journal:
shemwellmygalej1291.blogspot.com
Cheryl Dorman, West Coast Bank vice presidentand Tualatin-Sherwood brancnh manager received the Tualatin Chamberd of Commerce Volunteer of the Year The Oregon Tourism Commission announced several 2008 Tourism and Hospitalithy Industry Achievement Awards. The Governor’s Tourismk Award was presented to Bonnis Lippitt for her contributions throughoutthe state, Oregon Birding Trails, Oregon Scenic Oregon Scenic Byways, Central Cascades Geotourism Initiatives (with National Geographic) and Sustainable Tourism Advisoryg Committee. The 2008 Tourismn and Hospitality Industry Achievement Awards were announced inthesr categories: The Gene Leo Memorial Awarde was presented to Mt.
Ashland Ski Area for its Youtg SummerService Program, which provides teens an opportunityt to learn about the mountaim environment through hands-on projects and coordinated field The Creative Tourism Development Awarrd was given to Travel Salem and Corvallisx Tourism. The Volunteer Achievement Award was presented to Davidd and Shirley Bridgham for their leadership managinythe “Holiday Lights” volunteers at Shore Acres. The Partnershiop Award was presented toCoos Bay-North Bend-Charlestom Olympic Trials Partnership, which secured premium booth placement at Eugene 08 and promoted the area by highlightin g its connection to Steve Prefontaine.
The Sustainabld Tourism Award was presented to Full SailBrewingf Co. for its commitment to The Heritage Tourism Award was given to Missiohn Hill Museumfor “Facing Statehood,” a sesquicentennial exhibition that reflects on the years leading up to Oregon’s admission to the Unionh as the 33rd state. Outside In in Portland electesd Darci Swindells to the boardof
Cheryl Dorman, West Coast Bank vice presidentand Tualatin-Sherwood brancnh manager received the Tualatin Chamberd of Commerce Volunteer of the Year The Oregon Tourism Commission announced several 2008 Tourism and Hospitalithy Industry Achievement Awards. The Governor’s Tourismk Award was presented to Bonnis Lippitt for her contributions throughoutthe state, Oregon Birding Trails, Oregon Scenic Oregon Scenic Byways, Central Cascades Geotourism Initiatives (with National Geographic) and Sustainable Tourism Advisoryg Committee. The 2008 Tourismn and Hospitality Industry Achievement Awards were announced inthesr categories: The Gene Leo Memorial Awarde was presented to Mt.
Ashland Ski Area for its Youtg SummerService Program, which provides teens an opportunityt to learn about the mountaim environment through hands-on projects and coordinated field The Creative Tourism Development Awarrd was given to Travel Salem and Corvallisx Tourism. The Volunteer Achievement Award was presented to Davidd and Shirley Bridgham for their leadership managinythe “Holiday Lights” volunteers at Shore Acres. The Partnershiop Award was presented toCoos Bay-North Bend-Charlestom Olympic Trials Partnership, which secured premium booth placement at Eugene 08 and promoted the area by highlightin g its connection to Steve Prefontaine.
The Sustainabld Tourism Award was presented to Full SailBrewingf Co. for its commitment to The Heritage Tourism Award was given to Missiohn Hill Museumfor “Facing Statehood,” a sesquicentennial exhibition that reflects on the years leading up to Oregon’s admission to the Unionh as the 33rd state. Outside In in Portland electesd Darci Swindells to the boardof
Wednesday, December 21, 2011
Whertec to bring 81 jobs to Jacksonville - Jacksonville Business Journal:
nadezhdaqedyxos.blogspot.com
The company is already based in Orange but it also has facilitiesin Ill.; Mendota, Calif.; Oilville, Va.; Ontario, Canada; and Britisnh Columbia, Canada. It’s Dothan, Ala., warehous will relocate to 240Hammonds Blvd. in Jacksonville. “A lot of the workerxs in Alabama don’t know yet,” said Pete the CEO of Whertec. “We have to verifh that we are movinghere first.” The Jacksonville Economi Development Commission approved Whertec’s relocation to the Westside at its meeting Thursday morninf because of the employment opportunities it will brinvg to the area. The jobs that come along with the move pay an averageeof $45,000.
The land is also an upgradse from the facilities in Castiglione said at theJEDC “One of the perks of movinyg here is the additional size and spacew we need,” he said. Whertec plans to invest up to $4.1 millionh to acquire and renovatethe 32,000-square-foot building and to purchase additional machinery and equipment as part of a three-phasr project. The employer is requestingt financial assistance through the State of Florida Qualified Targeted Industry Tax Refund Program of upto $3,000 per job for a totao of not to exceed $243,000. Founded in Whertec is a metal heat treating fabricato rof plates, thermal coatings for tanks and pressurized vessels.
The compan y currently employs75 people, nine of which are in Orang e Park, but it plans to hire the 81 additionalo employees within 48 montha of the move to
The company is already based in Orange but it also has facilitiesin Ill.; Mendota, Calif.; Oilville, Va.; Ontario, Canada; and Britisnh Columbia, Canada. It’s Dothan, Ala., warehous will relocate to 240Hammonds Blvd. in Jacksonville. “A lot of the workerxs in Alabama don’t know yet,” said Pete the CEO of Whertec. “We have to verifh that we are movinghere first.” The Jacksonville Economi Development Commission approved Whertec’s relocation to the Westside at its meeting Thursday morninf because of the employment opportunities it will brinvg to the area. The jobs that come along with the move pay an averageeof $45,000.
The land is also an upgradse from the facilities in Castiglione said at theJEDC “One of the perks of movinyg here is the additional size and spacew we need,” he said. Whertec plans to invest up to $4.1 millionh to acquire and renovatethe 32,000-square-foot building and to purchase additional machinery and equipment as part of a three-phasr project. The employer is requestingt financial assistance through the State of Florida Qualified Targeted Industry Tax Refund Program of upto $3,000 per job for a totao of not to exceed $243,000. Founded in Whertec is a metal heat treating fabricato rof plates, thermal coatings for tanks and pressurized vessels.
The compan y currently employs75 people, nine of which are in Orang e Park, but it plans to hire the 81 additionalo employees within 48 montha of the move to
Monday, December 19, 2011
Wind River Systems helps animate Android - Silicon Valley / San Jose Business Journal:
kapitonragomo.blogspot.com
Over the last 18 months, the Alamedas device software maker has assigned nearly 200 engineerss to its effort to spreadthe -backe Android operating systems to mobile computing devicew around the world. The huge investment reflects Wind River’se strategic decision to focus heavilyon consumer-orientedx open source mobile software in addition to its core businessesx selling operating systems for aerospace and defense contractors, telecommunications and industrial customers. Many industryh analysts believe Android is goin g to be one ofthe world’d top mobile computing platforms for handsetds and netbooks — an area in which it presentd a direct threat to .
“Wde were in with Google very, very, very said Wind River’s Chief Marketing Officer John Bruggeman withevidentf pride. “It’s important, because it is the basis of our Growing revenue, headcount Wind River has been in the devicee software industry for more than 26 years and its productd are in more than 300 million devices ranginh from cellphones to television set-top boxes to jets and the Mars But four years ago, Wind River transformerd itself by embracing Linusx and focusing on selling open source consumer devicd operating systems. Since then, telecommunications and consumef devices have grown to represeng more than halfthe firm’s revenue.
Its meanwhile, has grown from abouf 1,200 in early 2007 to 1,672 today. And its interest in Android goes back to the startr of theoperating system: Wind Riverd was among nearly 50 led by Google, that developed it, Bruggeman said. Wind River hope s to profit off Android by packaging the open sourc e software for commercial use by phone operators and handset manufacturerw and servicing licensed customers with updatesand patches. Bruggeman said the compan currently has approximately 10 Android deal withhandset manufacturers, mobile operatore and other companies interested in Android.
Android has stayed largelh below the radarsince Google, to much fanfare, releasedc its first software development kit last So far, only two Android-based phonesx are for sale. Analysts, however, say suppory among telephone carriers and other mobil eindustry players, notably of San Diego, is and Android based devices will start proliferatingt by the end of the year, including phones from , and . Googlr is not making money off which isa free, open source mobile The search giant says it has backec Android because it hopes to generatwe traffic for Google-brokered ads by improving web Google CEO Eric Schmidt this week said in a quarterly earnings call that “it looks like Android is going to have a very strong year.
” “There are announcements happenint between now and the end of the year that are quitew significant from operators and new hardware partners in the Android which I won’t pre-announce except to say that they reallty do fulfill much of the visiom that we laid out more than a year Schmidt said. “On the netbook side, therr are a number of people who have actually takem Android and ported it over to netbookor netbook-similar Earier this month, research firm Strateghy Analytics said it expects to see Android take 12 percengt of global smartphone shipmenyt market share by 2012, as well as show growtbh in other device segments.
Bonny Joy, a senior analyst with the Massachussetts-based said support for Androidx among handset makersis “very strong.” “Wr all are very bullish on the outlook of and Android certainly will benefit from the Joy said. Wind River, he has placed the biggest bet on Androird of any devicesoftwarre maker. Rob Enderle, an analyst with the in San Jose, said he expectes Android to be popular onnetbooks — strippeds down computers with Internet functionality — as well as “It’s going to be huge.
It’s a very disruptive play on the market,” Enderle A lot of equipment manufacturers, includinh , are testing Android in stealthb mode, said Enderle. “All the feedback from OEMs (origina l equipment manufacturers) is they like what they are he said. London-based Telecomsz & Media released a report last monthu forecasting that sales of Android smartphonesx will surpass iPhonesby 2012. Overallk handset sales will fall 10.1 percent this year, but sales of smartphone s willgrow 35.3 percent. In there were almost 162 millionsmartphones sold, surpassinh notebook sales for the first time.
Just over 49 percengt of smartphones sold in 2008 were basedon ’s operatinh system, which is used by , a significant drop from a near 65 percenr share it enjoyed one year earlier. Symbiab recently went open source, and the Informa report suggested that the move will help Nokias retain the top spotthrough 2013.
Over the last 18 months, the Alamedas device software maker has assigned nearly 200 engineerss to its effort to spreadthe -backe Android operating systems to mobile computing devicew around the world. The huge investment reflects Wind River’se strategic decision to focus heavilyon consumer-orientedx open source mobile software in addition to its core businessesx selling operating systems for aerospace and defense contractors, telecommunications and industrial customers. Many industryh analysts believe Android is goin g to be one ofthe world’d top mobile computing platforms for handsetds and netbooks — an area in which it presentd a direct threat to .
“Wde were in with Google very, very, very said Wind River’s Chief Marketing Officer John Bruggeman withevidentf pride. “It’s important, because it is the basis of our Growing revenue, headcount Wind River has been in the devicee software industry for more than 26 years and its productd are in more than 300 million devices ranginh from cellphones to television set-top boxes to jets and the Mars But four years ago, Wind River transformerd itself by embracing Linusx and focusing on selling open source consumer devicd operating systems. Since then, telecommunications and consumef devices have grown to represeng more than halfthe firm’s revenue.
Its meanwhile, has grown from abouf 1,200 in early 2007 to 1,672 today. And its interest in Android goes back to the startr of theoperating system: Wind Riverd was among nearly 50 led by Google, that developed it, Bruggeman said. Wind River hope s to profit off Android by packaging the open sourc e software for commercial use by phone operators and handset manufacturerw and servicing licensed customers with updatesand patches. Bruggeman said the compan currently has approximately 10 Android deal withhandset manufacturers, mobile operatore and other companies interested in Android.
Android has stayed largelh below the radarsince Google, to much fanfare, releasedc its first software development kit last So far, only two Android-based phonesx are for sale. Analysts, however, say suppory among telephone carriers and other mobil eindustry players, notably of San Diego, is and Android based devices will start proliferatingt by the end of the year, including phones from , and . Googlr is not making money off which isa free, open source mobile The search giant says it has backec Android because it hopes to generatwe traffic for Google-brokered ads by improving web Google CEO Eric Schmidt this week said in a quarterly earnings call that “it looks like Android is going to have a very strong year.
” “There are announcements happenint between now and the end of the year that are quitew significant from operators and new hardware partners in the Android which I won’t pre-announce except to say that they reallty do fulfill much of the visiom that we laid out more than a year Schmidt said. “On the netbook side, therr are a number of people who have actually takem Android and ported it over to netbookor netbook-similar Earier this month, research firm Strateghy Analytics said it expects to see Android take 12 percengt of global smartphone shipmenyt market share by 2012, as well as show growtbh in other device segments.
Bonny Joy, a senior analyst with the Massachussetts-based said support for Androidx among handset makersis “very strong.” “Wr all are very bullish on the outlook of and Android certainly will benefit from the Joy said. Wind River, he has placed the biggest bet on Androird of any devicesoftwarre maker. Rob Enderle, an analyst with the in San Jose, said he expectes Android to be popular onnetbooks — strippeds down computers with Internet functionality — as well as “It’s going to be huge.
It’s a very disruptive play on the market,” Enderle A lot of equipment manufacturers, includinh , are testing Android in stealthb mode, said Enderle. “All the feedback from OEMs (origina l equipment manufacturers) is they like what they are he said. London-based Telecomsz & Media released a report last monthu forecasting that sales of Android smartphonesx will surpass iPhonesby 2012. Overallk handset sales will fall 10.1 percent this year, but sales of smartphone s willgrow 35.3 percent. In there were almost 162 millionsmartphones sold, surpassinh notebook sales for the first time.
Just over 49 percengt of smartphones sold in 2008 were basedon ’s operatinh system, which is used by , a significant drop from a near 65 percenr share it enjoyed one year earlier. Symbiab recently went open source, and the Informa report suggested that the move will help Nokias retain the top spotthrough 2013.
Friday, December 16, 2011
Markets close lower Wednesday; U.S. Steel up 6% - Business First of Columbus:
polinaagyvtiwu.blogspot.com
Among a cross-section of companies operating in CB Richard EllisGroup Inc. registered the biggest percentage rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passed the $40 U.S. Steel (NYSE:X) shot up 6.16 percenr to $40.15 per share. Alcoa Inc. up 3.05 percent to $11.49 Allegheny Energgy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Alleghen y Technologies Inc. (NYSE:ATI), up 0.69 percen to $42.26 American Eagle Outfitters Inc. up 0.75 percent to $14.7q Bank of New York Mello Corp. (NYSE:BK) down 1.22 percent to $28.4 CONSOL Energy Inc. (NYSE:CNX), down 0.95 percent to $41.521 Dick’s Sporting Goods (NYSE:DKS), down 2.21 percenr to $18.57 Federated Investors Inc.
(NYSE:FII), down 0.42 perceny to $26.01 First Niagara Financial Grou Inc. (NYSE:FNFG), down 1.43 percent to $11.77 H.J.Heinz Co. (NYSE:HNZ), down 0.75 percengt to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 percentt to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylaj Inc. (Nasdaq:MYL), down 1.99 perceng to $13.28 PNC Financial Services Group Inc. (NYSE:PNC), down 5.41 percent to $41.70 PPG Industries Inc. (NYSE:PPG), down 0.64 percent to $45.22 WABTEC Corp. (NYSE:WAB), up 3.89 percent to $35.8w WESCO International Inc. (NYSE:WCC), down 0.40 percenyt to $27.
46
Among a cross-section of companies operating in CB Richard EllisGroup Inc. registered the biggest percentage rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passed the $40 U.S. Steel (NYSE:X) shot up 6.16 percenr to $40.15 per share. Alcoa Inc. up 3.05 percent to $11.49 Allegheny Energgy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Alleghen y Technologies Inc. (NYSE:ATI), up 0.69 percen to $42.26 American Eagle Outfitters Inc. up 0.75 percent to $14.7q Bank of New York Mello Corp. (NYSE:BK) down 1.22 percent to $28.4 CONSOL Energy Inc. (NYSE:CNX), down 0.95 percent to $41.521 Dick’s Sporting Goods (NYSE:DKS), down 2.21 percenr to $18.57 Federated Investors Inc.
(NYSE:FII), down 0.42 perceny to $26.01 First Niagara Financial Grou Inc. (NYSE:FNFG), down 1.43 percent to $11.77 H.J.Heinz Co. (NYSE:HNZ), down 0.75 percengt to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 percentt to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylaj Inc. (Nasdaq:MYL), down 1.99 perceng to $13.28 PNC Financial Services Group Inc. (NYSE:PNC), down 5.41 percent to $41.70 PPG Industries Inc. (NYSE:PPG), down 0.64 percent to $45.22 WABTEC Corp. (NYSE:WAB), up 3.89 percent to $35.8w WESCO International Inc. (NYSE:WCC), down 0.40 percenyt to $27.
46
Wednesday, December 14, 2011
Advanta agrees to refund customers up to $35M in FDIC agreements - Boston Business Journal:
takes-trendsthe.blogspot.com
That agreement addresses charges that theSpring House, Pa.-based company violated federal trade laws througgh its pricing strategies on businesa credit cards, and in its marketing of cash-bacok rewards on the cards. Advanta said it did not admitt wrongdoing and that it entered theagreementsx “in the interest of expediency and to avoie litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleger marketing violations in third-quarter 2008 and will take a second-quartetr 2009 charge to cover refunds over its pricing which it said coule total $21 million. Advanta also agreef to a $150,000 fine.
In a separate agreement with the Advanta’s ability to use cash and pay dividendsz hasbeen restricted. The company must submit a plan toremaih "well-capitalized," and submit a plan to terminates its deposit-taking operations and deposit insurancee once its deposits are repaid in full, a processd expected to take a few The second agreement with the FDIC places restrictionsz on Advanta’s use of its cash assets, payment of dividends and transactiona that would materially alter its balance sheey composition and taking of brokered Advanta said the second order does not in any way restrict it from continuing to service its managed credit-care accounts and receivables.
In an effort to limit losses and erosion of its capitakl ascredit deteriorates, Advanta said in early May that its securitizatiom trust will go into early amortization where the company uses receivables from customerse to accelerate payment to investor bondholders. Whilew that protects investors from prolongerd exposure to a pool of receivables whose creditg performancehas deteriorated, Advantaz would have needed an alternatived way to fund new purchases on its credit cards. So it had to shut down future use, effectivde May 30. It has since referred some customers to AmericanjExpress Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
That agreement addresses charges that theSpring House, Pa.-based company violated federal trade laws througgh its pricing strategies on businesa credit cards, and in its marketing of cash-bacok rewards on the cards. Advanta said it did not admitt wrongdoing and that it entered theagreementsx “in the interest of expediency and to avoie litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleger marketing violations in third-quarter 2008 and will take a second-quartetr 2009 charge to cover refunds over its pricing which it said coule total $21 million. Advanta also agreef to a $150,000 fine.
In a separate agreement with the Advanta’s ability to use cash and pay dividendsz hasbeen restricted. The company must submit a plan toremaih "well-capitalized," and submit a plan to terminates its deposit-taking operations and deposit insurancee once its deposits are repaid in full, a processd expected to take a few The second agreement with the FDIC places restrictionsz on Advanta’s use of its cash assets, payment of dividends and transactiona that would materially alter its balance sheey composition and taking of brokered Advanta said the second order does not in any way restrict it from continuing to service its managed credit-care accounts and receivables.
In an effort to limit losses and erosion of its capitakl ascredit deteriorates, Advanta said in early May that its securitizatiom trust will go into early amortization where the company uses receivables from customerse to accelerate payment to investor bondholders. Whilew that protects investors from prolongerd exposure to a pool of receivables whose creditg performancehas deteriorated, Advantaz would have needed an alternatived way to fund new purchases on its credit cards. So it had to shut down future use, effectivde May 30. It has since referred some customers to AmericanjExpress Co. Advanta’s stock closed 2 7 percent lower Wednesday at42 cents.
Monday, December 12, 2011
D.C-area SBA lending rebounds in April - Washington Business Journal:
viktorevaikubuwo.blogspot.com
There were 41 SBA loans made to Washington-aresa businesses in April — 58 percent more than the averagde number of loans during the previouwthree months. Lenders chalk the improvement up to the Marcjh 16 moves by the SBA to eliminat e feeson 7(a) and 504 loans and to increase the maximu government guarantee to 90 percent from 85 The changes were part of the federal stimuluss package and led to an immediate nationwidee bump in SBA lending.
Additional measures — including initiativesa aimed at unsticking the secondary markegt for SBA loans and a programm of temporary bridge loand to help struggling companies make paymentwson non-SBA loans — are expected to be implemented in (See story on Page 9.) “The fee reduction, in has caused small businessed to step up that might otherwised not have bought buildings in this economy,” said Sallyy Robertson, president of Fairfax-based Business Finance Group Inc., the larges t local SBA lender. One of thosew businesses was CorkWine Bar, which on May 20 closerd on a loan of more than $1 million from Businese Finance Group to buy a nearby building for expansion.
When Cork heardd about the fee waiver for SBA the company sped up itsexpansiohn plans, to make sure it coulx take advantage of the waiver, said Khali Pitts, co-owner. He and co-ownerr Diane Gross approached for a loan but were told not tobother applying, he said. They then went to Bethesda-basec EagleBank, which referred them to Business Financse Group and its SBA 504 which fund real estatde orequipment purchases. When the recession set in last year, demane for 504 loans tanked as small business grew wary of makingvlarge investments. Cork is an example of how, to some that mindset is Robertson said. “Business owners are finalluy seeing thatmaybe we’ve hit the she said.
“Real estate pricex are good. Combine that with a low interest rate and low fees and it now make s a lot of sense for businessedto invest.” In April, Business Finance Groupp got nine loans approvedx through the SBA, up from three to five loan during the previous several months. The companh is on pace to get at least 14 loans approve din May. But Robertson hesitates to call thisa “I tend to be a glass three-quarters-full person,” she said. “But we are definitely seeing signs that thingaare improving.” Robertson and other local lenders, however, believde there is still a ways to go before lending reache “normal” levels.
The number of SBA loans made to Washington-area companies plummeted 44 percent during the fiscal year that endecdin September. So far, this fiscalo year is down an additional61 percent. And despitr last month’s gains, the number of loan s still was 64 percent belowApril 2007. A December studgy by the found that economic uncertainty was atan all-timre high and a third of smallk businesses couldn’t obtain adequate financing to run their The NSBA has not done any follow-ulp surveys yet, but “the outlook is probably less dismal than it said Molly Brogan, spokeswoman for the “The SBA numbers are a glimmefr of hope in the minds of small businesses.
But therew is still some [bad news] out therre that’s probably preventing a broad upsurgerin optimism.” That also is the view of Dan group president of the Washington region for the region’s largest lender of SBA 7(a) guaranteed which fund startups, acquisitions and working capital. Whild BB&T has seen increased SBA loan volume the past couplof months, small businesses are still being very he said. “They’re doing mission-critical things. I don’t think anybody’s overluy optimistic and willing to step out there and take abig gamble,” Waetjen said. “They’ve probably learnedx that’s not a good thing to do.
” the largest locally based bankSBA lender, also has seen a bump in SBA said CEO Ron “It’s hopefully an indicator that the programse the government is puttinv into place are working,” he said. EagleBank sella a lot of its SBA loans into thesecondar market, which pretty much collapsed last In June, the SBA plans to begibn making loans to broker-dealers who purchase 7(a) loanxs from lenders and pool them into securities. The SBA also will guaranteer poolsof first-lien 504 loans sold on the secondargy market.
There were 41 SBA loans made to Washington-aresa businesses in April — 58 percent more than the averagde number of loans during the previouwthree months. Lenders chalk the improvement up to the Marcjh 16 moves by the SBA to eliminat e feeson 7(a) and 504 loans and to increase the maximu government guarantee to 90 percent from 85 The changes were part of the federal stimuluss package and led to an immediate nationwidee bump in SBA lending.
Additional measures — including initiativesa aimed at unsticking the secondary markegt for SBA loans and a programm of temporary bridge loand to help struggling companies make paymentwson non-SBA loans — are expected to be implemented in (See story on Page 9.) “The fee reduction, in has caused small businessed to step up that might otherwised not have bought buildings in this economy,” said Sallyy Robertson, president of Fairfax-based Business Finance Group Inc., the larges t local SBA lender. One of thosew businesses was CorkWine Bar, which on May 20 closerd on a loan of more than $1 million from Businese Finance Group to buy a nearby building for expansion.
When Cork heardd about the fee waiver for SBA the company sped up itsexpansiohn plans, to make sure it coulx take advantage of the waiver, said Khali Pitts, co-owner. He and co-ownerr Diane Gross approached for a loan but were told not tobother applying, he said. They then went to Bethesda-basec EagleBank, which referred them to Business Financse Group and its SBA 504 which fund real estatde orequipment purchases. When the recession set in last year, demane for 504 loans tanked as small business grew wary of makingvlarge investments. Cork is an example of how, to some that mindset is Robertson said. “Business owners are finalluy seeing thatmaybe we’ve hit the she said.
“Real estate pricex are good. Combine that with a low interest rate and low fees and it now make s a lot of sense for businessedto invest.” In April, Business Finance Groupp got nine loans approvedx through the SBA, up from three to five loan during the previous several months. The companh is on pace to get at least 14 loans approve din May. But Robertson hesitates to call thisa “I tend to be a glass three-quarters-full person,” she said. “But we are definitely seeing signs that thingaare improving.” Robertson and other local lenders, however, believde there is still a ways to go before lending reache “normal” levels.
The number of SBA loans made to Washington-area companies plummeted 44 percent during the fiscal year that endecdin September. So far, this fiscalo year is down an additional61 percent. And despitr last month’s gains, the number of loan s still was 64 percent belowApril 2007. A December studgy by the found that economic uncertainty was atan all-timre high and a third of smallk businesses couldn’t obtain adequate financing to run their The NSBA has not done any follow-ulp surveys yet, but “the outlook is probably less dismal than it said Molly Brogan, spokeswoman for the “The SBA numbers are a glimmefr of hope in the minds of small businesses.
But therew is still some [bad news] out therre that’s probably preventing a broad upsurgerin optimism.” That also is the view of Dan group president of the Washington region for the region’s largest lender of SBA 7(a) guaranteed which fund startups, acquisitions and working capital. Whild BB&T has seen increased SBA loan volume the past couplof months, small businesses are still being very he said. “They’re doing mission-critical things. I don’t think anybody’s overluy optimistic and willing to step out there and take abig gamble,” Waetjen said. “They’ve probably learnedx that’s not a good thing to do.
” the largest locally based bankSBA lender, also has seen a bump in SBA said CEO Ron “It’s hopefully an indicator that the programse the government is puttinv into place are working,” he said. EagleBank sella a lot of its SBA loans into thesecondar market, which pretty much collapsed last In June, the SBA plans to begibn making loans to broker-dealers who purchase 7(a) loanxs from lenders and pool them into securities. The SBA also will guaranteer poolsof first-lien 504 loans sold on the secondargy market.
Saturday, December 10, 2011
Missouri jobless rate resumes climb in May - Houston Business Journal:
opexibu.wordpress.com
The state’s seasonally adjusted unemployment rate increased to 9 percentyin May, up from 8.1 percent in April’s 0.6 point decrease in unemployment now appears with the May increaser part of an upward trend datingf back to mid-2008, state officials said. Approximatelty 272,000 Missourians were estimatedf to have been jobless durin the monthof May. Nonfarm payrolo employment decreasedby 3,700 jobs in May, marking the smallesgt monthly decrease since employment began to drop sharply last Job losses were concentrated in manufacturing (-3,700) and constructio (-1,600), which were partly offset by gainss in health care and sociapl assistance (2,000) and local government (900).
Over the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downwars trend over the year have been privatre educationalservices (2,500), healtg care and social assistance (6,000), federal government (2,700) and local government (3,300). The nationap unemployment rate in Maywas 9.4 percent. Nonfarm payroll employment in May was downin St. Louis by led by automobile industry layoffs and a cutback of federal employeexs following the end ofsome pre-2010 Censues activities.
The state’s seasonally adjusted unemployment rate increased to 9 percentyin May, up from 8.1 percent in April’s 0.6 point decrease in unemployment now appears with the May increaser part of an upward trend datingf back to mid-2008, state officials said. Approximatelty 272,000 Missourians were estimatedf to have been jobless durin the monthof May. Nonfarm payrolo employment decreasedby 3,700 jobs in May, marking the smallesgt monthly decrease since employment began to drop sharply last Job losses were concentrated in manufacturing (-3,700) and constructio (-1,600), which were partly offset by gainss in health care and sociapl assistance (2,000) and local government (900).
Over the past employment droppedby 74,300 or 2.7 percent. The main exceptions to the downwars trend over the year have been privatre educationalservices (2,500), healtg care and social assistance (6,000), federal government (2,700) and local government (3,300). The nationap unemployment rate in Maywas 9.4 percent. Nonfarm payroll employment in May was downin St. Louis by led by automobile industry layoffs and a cutback of federal employeexs following the end ofsome pre-2010 Censues activities.
Thursday, December 8, 2011
Choose the best gift you'll receive this Christmas - Abbotsford Times
ugefuk.wordpress.com
Choose the best gift you'll receive this Christmas Abbotsford Times Gifts, gifts, gifts. What to get and what to expect. It is that time of year when we are bombarded by expectation, commitments and traditions. As a Christian, it is hard not to feel a bit ... |
Tuesday, December 6, 2011
City going with the funding flow for capital projects - Baltimore Business Journal:
axilecyqih.wordpress.com
It called for $3 millionm of work on streets that crisscross downtownn from Broad Street north to Nationwide includingbusy east-west thoroughfares such as Spring and Long streets. But the plan was shelveds in mid-June when city officials cut this year’s capital improvements budget to the Citing a decline in revenue fromthe city’sw income tax due to recession-related layoffs and wage cuts for workerws in Columbus, City Council pared income tax-backed spendinv on capital projects across the including ones in the to $24.1 million this year.
That was about 10 percentr of what city officials had anticipatefd would be available this year before the bottok began falling out of the economyh in the fourth quarterof 2008. Council’sw action means there will be almost no new projects financedr by the quarter of all income tax revenue set asidw to pay off bond debt on projects such as stree andbridge improvements, sidewalks, bikeways and purchasesx of fire vehicles and trash “It’s just symptomatic of our entire budget,” said who wonders if his department will have enougjh money to patch potholes next year let alone take on a streetf resurfacing program like the one he said is needec downtown.
He and others in Mayor Michael Coleman’sa administration, along with City Council members, are trying to addresd the problem by convincing voters to approveraisiny Columbus’ 2 percent income tax to 2.5 percentt during a special election Aug. 4. If the tax hike could put the city in a positiojn to haveabout $200 million a year in income-tax backer funding to spend on capital said Columbus Finance Director Joel Taylor.
This year, however, projectxs that are part of Coleman’s long-runningv effort to revitalize downtown Columbus will have to county on a mix of federal includingstimulus dollars, carryover funds from past capita budgets and revenue from water, sewer and electric utilith user fees. An exception is the Sciotpo Mile riverfrontpark project, whicnh will receive $3.5 million from the income tax-supportecd fund this year and another $1.5 in carryove r capital budget funding.
Taylor said that will coved the rest ofthe city’s $10 million commitment to Scioto Mile, fulfilling its obligationn to a project that also is receiviny $20 million from the private sector and $13 millionj from Franklin County, state and federal Federal stimulus money will providee $5.5 million to help the city completer the conversion of Frony Street to two-way traffic and resurface the Taylor said. It runs through the RiverSouthu District next to the refurbished Lazarus buildinhg and the site where Lifestyle Communities is finishingg construction of condominium andapartment units.
Another $25 millionj in federal stimulus money will help the city meet its commitmenty to rebuild the intersection at Parsons and Livingstom avenues nextto . The road work at what the Coleman administration considers the southeast gatewayu to downtown will complementan $842 million expansion undert way at the hospital. Taylor said $2 million in federalo stimulus money will be used for construction of the new RichStreet bridge, which will connect downtown and Franklinton. This year’sw capital budget also includesanother $27.9 million in statde and federal funds, plus $1.7 million from the city’es 2004 bond package, for the $33.8 million bridge project.
Columbus also has been awarded $7.4 milliob in federal stimulus fundingfor energy-related some of which are downtown. Taylofr said they include $1.1 million for energy improvements at Columbuspolice $500,000 for bicycle infrastructure work and $200,000 for energty enhancements at the Columbus Cultural Arts Center. In the capital budget calls for morethan $16 milliom in water and sewer improvement s downtown and nearly $1.3 million in electric utility work along Front Streetr and the area arounx the Franklin County courthouse complex off South High and Fultonn streets.
Water, sewer and electric project financed by user fees will accounr for about 80 percent ofthis year’ds $457 million capital spending budget, said Columbue Auditor Hugh Dorrian. Columbus has a decades-long practicre of financing other capital projects by settin aside a quarter of the revenue collected from the income tax to pay offbond Traditionally, income tax revenue has increasedr 4 percent to 6 percent annually, a boost that woulc have provided about $200 million for capital projecta this year, Dorrian said. However, city officiala are estimating 2009 tax collections will be aboutt 5 percent lowerthan 2008, so capitap spending has to be curtailed.
That also meanxs the funding picture is unclearfor $588 million of income-tas supported projects in a $1.67 billion bond package approvex by Columbus voters in November. Coleman had originallty billed that project wish listas Columbus’ bicentennial bond package in conjunction with the city’s 200th birthday celebration in 2012. But with the economuy and cityfinances tanking, Coleman dropped the tag just before he, Dorrian and City Councikl introduced a scaled-back bond issu project list to voterws last June.
Coleman’s critics have said part of the current funding shortage for capitalo projects is due to the Democratic mayor and councikl having overspent on downtownnrevitalization projects. “The grand majorith of the money has been spent downtown even thougyh we still have areas of the citythat don’ty have streetlights,” said Matt Ferris, principaol of in Columbus and a Republican candidate for City “I’m all for fixing up downtowbn and making capital improvements, but city hall needs to realized Columbus is more than just the Critics of city spending on downtown projects are missiny the point about the area’s importance to said Cleve Ricksecker, executive director of the Capital Crossroads Speciapl Improvement District, a private organization focused on downtown He said downtown accounts for less than 1 percent of the city’s land mass but generates 15 percent of its property tax revenu and about 25 percent of income tax &ldquo ;To keep the flow of tax dollars to the neighborhoods,” he said, “we’vse got to keep the downtowmn healthy.
Everyone has a financial stake inthe downtown.” The Colemaj administration has been able to leverage the city’s capital improvement budget to land state, federal and private-secto r funding for downtown projects, said Mike the city’s urban venturew coordinator. “People hear the he said, “and think it’ds all from the city (budget). But we’re drawing down federak dollars as well asstate funds. That’s a win for the city.” Brown also said the city spendsz four to five times more on capital projectsz in neighborhoods than it doesdowntownj – even though 22 percent of work force is downtown.
“We have to keep downtowm happyand healthy,” he said, “so it doesn’f decline like downtowns in otherr cities in the country.”
It called for $3 millionm of work on streets that crisscross downtownn from Broad Street north to Nationwide includingbusy east-west thoroughfares such as Spring and Long streets. But the plan was shelveds in mid-June when city officials cut this year’s capital improvements budget to the Citing a decline in revenue fromthe city’sw income tax due to recession-related layoffs and wage cuts for workerws in Columbus, City Council pared income tax-backed spendinv on capital projects across the including ones in the to $24.1 million this year.
That was about 10 percentr of what city officials had anticipatefd would be available this year before the bottok began falling out of the economyh in the fourth quarterof 2008. Council’sw action means there will be almost no new projects financedr by the quarter of all income tax revenue set asidw to pay off bond debt on projects such as stree andbridge improvements, sidewalks, bikeways and purchasesx of fire vehicles and trash “It’s just symptomatic of our entire budget,” said who wonders if his department will have enougjh money to patch potholes next year let alone take on a streetf resurfacing program like the one he said is needec downtown.
He and others in Mayor Michael Coleman’sa administration, along with City Council members, are trying to addresd the problem by convincing voters to approveraisiny Columbus’ 2 percent income tax to 2.5 percentt during a special election Aug. 4. If the tax hike could put the city in a positiojn to haveabout $200 million a year in income-tax backer funding to spend on capital said Columbus Finance Director Joel Taylor.
This year, however, projectxs that are part of Coleman’s long-runningv effort to revitalize downtown Columbus will have to county on a mix of federal includingstimulus dollars, carryover funds from past capita budgets and revenue from water, sewer and electric utilith user fees. An exception is the Sciotpo Mile riverfrontpark project, whicnh will receive $3.5 million from the income tax-supportecd fund this year and another $1.5 in carryove r capital budget funding.
Taylor said that will coved the rest ofthe city’s $10 million commitment to Scioto Mile, fulfilling its obligationn to a project that also is receiviny $20 million from the private sector and $13 millionj from Franklin County, state and federal Federal stimulus money will providee $5.5 million to help the city completer the conversion of Frony Street to two-way traffic and resurface the Taylor said. It runs through the RiverSouthu District next to the refurbished Lazarus buildinhg and the site where Lifestyle Communities is finishingg construction of condominium andapartment units.
Another $25 millionj in federal stimulus money will help the city meet its commitmenty to rebuild the intersection at Parsons and Livingstom avenues nextto . The road work at what the Coleman administration considers the southeast gatewayu to downtown will complementan $842 million expansion undert way at the hospital. Taylor said $2 million in federalo stimulus money will be used for construction of the new RichStreet bridge, which will connect downtown and Franklinton. This year’sw capital budget also includesanother $27.9 million in statde and federal funds, plus $1.7 million from the city’es 2004 bond package, for the $33.8 million bridge project.
Columbus also has been awarded $7.4 milliob in federal stimulus fundingfor energy-related some of which are downtown. Taylofr said they include $1.1 million for energy improvements at Columbuspolice $500,000 for bicycle infrastructure work and $200,000 for energty enhancements at the Columbus Cultural Arts Center. In the capital budget calls for morethan $16 milliom in water and sewer improvement s downtown and nearly $1.3 million in electric utility work along Front Streetr and the area arounx the Franklin County courthouse complex off South High and Fultonn streets.
Water, sewer and electric project financed by user fees will accounr for about 80 percent ofthis year’ds $457 million capital spending budget, said Columbue Auditor Hugh Dorrian. Columbus has a decades-long practicre of financing other capital projects by settin aside a quarter of the revenue collected from the income tax to pay offbond Traditionally, income tax revenue has increasedr 4 percent to 6 percent annually, a boost that woulc have provided about $200 million for capital projecta this year, Dorrian said. However, city officiala are estimating 2009 tax collections will be aboutt 5 percent lowerthan 2008, so capitap spending has to be curtailed.
That also meanxs the funding picture is unclearfor $588 million of income-tas supported projects in a $1.67 billion bond package approvex by Columbus voters in November. Coleman had originallty billed that project wish listas Columbus’ bicentennial bond package in conjunction with the city’s 200th birthday celebration in 2012. But with the economuy and cityfinances tanking, Coleman dropped the tag just before he, Dorrian and City Councikl introduced a scaled-back bond issu project list to voterws last June.
Coleman’s critics have said part of the current funding shortage for capitalo projects is due to the Democratic mayor and councikl having overspent on downtownnrevitalization projects. “The grand majorith of the money has been spent downtown even thougyh we still have areas of the citythat don’ty have streetlights,” said Matt Ferris, principaol of in Columbus and a Republican candidate for City “I’m all for fixing up downtowbn and making capital improvements, but city hall needs to realized Columbus is more than just the Critics of city spending on downtown projects are missiny the point about the area’s importance to said Cleve Ricksecker, executive director of the Capital Crossroads Speciapl Improvement District, a private organization focused on downtown He said downtown accounts for less than 1 percent of the city’s land mass but generates 15 percent of its property tax revenu and about 25 percent of income tax &ldquo ;To keep the flow of tax dollars to the neighborhoods,” he said, “we’vse got to keep the downtowmn healthy.
Everyone has a financial stake inthe downtown.” The Colemaj administration has been able to leverage the city’s capital improvement budget to land state, federal and private-secto r funding for downtown projects, said Mike the city’s urban venturew coordinator. “People hear the he said, “and think it’ds all from the city (budget). But we’re drawing down federak dollars as well asstate funds. That’s a win for the city.” Brown also said the city spendsz four to five times more on capital projectsz in neighborhoods than it doesdowntownj – even though 22 percent of work force is downtown.
“We have to keep downtowm happyand healthy,” he said, “so it doesn’f decline like downtowns in otherr cities in the country.”
Saturday, December 3, 2011
BofA raises $26B for fed buffer - Charlotte Business Journal:
asafevboriegum.blogspot.com
billion in new capital that federal regulators say thebank needs. Last BofA sold $13.5 billion in common stock. The Charlotte-baseds bank issued 1.25 billion shares at an averags priceof $10.77 per share. Also this BofA sold a 5.7 percent stakd in China Construction Bank to Asian investors. BofA realized a gain of $4.5 billiohn from the deal. Those initiatives benefites Tier 1 common capitalby $1.8 billiohn by reducing a deferred tax asset deduction. In addition, BofA has agreed to exchange $5.9 billiom in preferred shares held by nongovernmental entities for 436 milliomn shares ofcommon stock.
The company says it could issu up to an additional 564 million common shares in asimilar exchange. The company (NYSE:BAC) reiteratex that it could raise more funds by sellingg assets such as First Republic aSan Francisco-based and entering into joint ventures. Early this month, the federao government told BofA it needed toraises $33.9 billion in additional capitalo after the Federal Reserve conductes its “stress tests” on the 19 largesgt U.S. banks.
The government’s officially called the Supervisory CapitaklAssessment Program, were designed to assesws the banks’ ability to survive if economic conditionws worsen more than expected during the next two “We are quite pleased with the capital-raisingf effort and the progress toward completing the asset salea and establishment of the joint ventures,” says Joe BofA chief financial officer.
“The company hopes to use the majoritg of the proceeds from these initiatives to reduce reliance on government support forthe
billion in new capital that federal regulators say thebank needs. Last BofA sold $13.5 billion in common stock. The Charlotte-baseds bank issued 1.25 billion shares at an averags priceof $10.77 per share. Also this BofA sold a 5.7 percent stakd in China Construction Bank to Asian investors. BofA realized a gain of $4.5 billiohn from the deal. Those initiatives benefites Tier 1 common capitalby $1.8 billiohn by reducing a deferred tax asset deduction. In addition, BofA has agreed to exchange $5.9 billiom in preferred shares held by nongovernmental entities for 436 milliomn shares ofcommon stock.
The company says it could issu up to an additional 564 million common shares in asimilar exchange. The company (NYSE:BAC) reiteratex that it could raise more funds by sellingg assets such as First Republic aSan Francisco-based and entering into joint ventures. Early this month, the federao government told BofA it needed toraises $33.9 billion in additional capitalo after the Federal Reserve conductes its “stress tests” on the 19 largesgt U.S. banks.
The government’s officially called the Supervisory CapitaklAssessment Program, were designed to assesws the banks’ ability to survive if economic conditionws worsen more than expected during the next two “We are quite pleased with the capital-raisingf effort and the progress toward completing the asset salea and establishment of the joint ventures,” says Joe BofA chief financial officer.
“The company hopes to use the majoritg of the proceeds from these initiatives to reduce reliance on government support forthe
Thursday, December 1, 2011
Area home sales post big drop in May - Pittsburgh Business Times:
uqyvemiwu.wordpress.com
There were 1,783 home closings last a 29 percent decrease fromMay 2008, according to the Greaterd Nashville Association of Realtors. The median price of single-family homea in May was a $5,400 increase from the prior buta 10.6 percent decline from May 2008. “Real estat is feeling the same effects as the rest of the national economy,” Greater Nashville Association of Realtors President Mike Nichols says in a pressd release. “With the recent American Recoveryh and Reinvestment Act of 2009 supportee bythe FHA, we are hopeful that first-timr home buyers will take advantage of the opportunity to use the $8,00p0 tax credit to help with certain costas at closing.
” Inventory on the market increase abougt 0.8 percent from April. There were 24,60o homes on the market May 31. May’d numbers brings year-to-date closings up to down 31 percent fromthe 10,4067 closings at this point in 2008. The condko market had 228 closingsin May, a 25.2 percentf drop from the year That compares to 305 closings last The median price for a condo in May was down 1.7 percent from last There were 2,000 sales pending at the end of May.
Whiles that number was down from 2,489 pending salesa last year, it was only the secondc time since last September that pending sales figuree hadreached 2,000 properties or
There were 1,783 home closings last a 29 percent decrease fromMay 2008, according to the Greaterd Nashville Association of Realtors. The median price of single-family homea in May was a $5,400 increase from the prior buta 10.6 percent decline from May 2008. “Real estat is feeling the same effects as the rest of the national economy,” Greater Nashville Association of Realtors President Mike Nichols says in a pressd release. “With the recent American Recoveryh and Reinvestment Act of 2009 supportee bythe FHA, we are hopeful that first-timr home buyers will take advantage of the opportunity to use the $8,00p0 tax credit to help with certain costas at closing.
” Inventory on the market increase abougt 0.8 percent from April. There were 24,60o homes on the market May 31. May’d numbers brings year-to-date closings up to down 31 percent fromthe 10,4067 closings at this point in 2008. The condko market had 228 closingsin May, a 25.2 percentf drop from the year That compares to 305 closings last The median price for a condo in May was down 1.7 percent from last There were 2,000 sales pending at the end of May.
Whiles that number was down from 2,489 pending salesa last year, it was only the secondc time since last September that pending sales figuree hadreached 2,000 properties or
Tuesday, November 29, 2011
N.C. foreclosure filings drop - Boston Business Journal:
olimstgon.blogspot.com
North Carolina ranked 36th in the nation for foreclosure filingalast month. Foreclosure filings in the statde fellnearly 16.1 percent in May from April. Acrossx the country, foreclosure filings rose 18 percenty in May from ayear ago. There were 321,48 0 foreclosure filings nationwide, which affected one in every 398 U.S. Nevada, California and Florida posted the top foreclosurer rateslast month. Filings nationwidre fell 6 percent in Mayfrom Irvine, Calif.-based RealtyTrac tracks default notices, auction-salew notices and bank repossessions. Its figures exceed thosse compiled bythe N.C. Commissioner of The company counts every foreclosure including multiple filings for asinglew household.
The commissioner counts each household only regardless of the number of filingsit
North Carolina ranked 36th in the nation for foreclosure filingalast month. Foreclosure filings in the statde fellnearly 16.1 percent in May from April. Acrossx the country, foreclosure filings rose 18 percenty in May from ayear ago. There were 321,48 0 foreclosure filings nationwide, which affected one in every 398 U.S. Nevada, California and Florida posted the top foreclosurer rateslast month. Filings nationwidre fell 6 percent in Mayfrom Irvine, Calif.-based RealtyTrac tracks default notices, auction-salew notices and bank repossessions. Its figures exceed thosse compiled bythe N.C. Commissioner of The company counts every foreclosure including multiple filings for asinglew household.
The commissioner counts each household only regardless of the number of filingsit
Sunday, November 27, 2011
BDSI shares jump on FDA update - Memphis Business Journal:
steinberg-virus.blogspot.com
Shares of BDSI (Nasdaq: BDSI) reached as high as $8.299 on Monday morning befors settling back to up just1 percent, as the close of a rough day for the markets. The company said that although the FDA did not take actiojn on the drug byJune 12, as a review team told the company that the FDA will not be issuin a review extension because the agency expects to take actioj on the drug application soon. The only outstandinvg requirement for Onsolis is approval ofa “risk evaluatiojn and mitigation strategy” or REMS, a plan to managse possible risks associated with a drug. The plan is now a requiremen t for allopioid drugs.
Onsolixs is a small disk placed on the inside of the cheelk that deliversthe pain-killing drug Fentanyl. It is used for breakthroughj pain experienced bycancer patients. CEO Mark Sirgoo said in a statement that the FDA needs a littlwe more time to complete its which is consistent with other drugz that have required a Sirgo also said that some warrants have been exercise d in the last several which should allow the compang to continue its work without anyadditiona financing.
Shares of BDSI (Nasdaq: BDSI) reached as high as $8.299 on Monday morning befors settling back to up just1 percent, as the close of a rough day for the markets. The company said that although the FDA did not take actiojn on the drug byJune 12, as a review team told the company that the FDA will not be issuin a review extension because the agency expects to take actioj on the drug application soon. The only outstandinvg requirement for Onsolis is approval ofa “risk evaluatiojn and mitigation strategy” or REMS, a plan to managse possible risks associated with a drug. The plan is now a requiremen t for allopioid drugs.
Onsolixs is a small disk placed on the inside of the cheelk that deliversthe pain-killing drug Fentanyl. It is used for breakthroughj pain experienced bycancer patients. CEO Mark Sirgoo said in a statement that the FDA needs a littlwe more time to complete its which is consistent with other drugz that have required a Sirgo also said that some warrants have been exercise d in the last several which should allow the compang to continue its work without anyadditiona financing.
Friday, November 25, 2011
Commission starts work on untangling Colorado government
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With that statement, Charlie Brown, now director of the Center for Colorado’s Economid Future at the Universityof Denver, put into perspective the enormoux task facing the Fiscal Stability Commission during its first Legislators created the commission to address the sweeping question of how to fix Colorado’ss constitution and statutes to put the statr on sound financial footing for decaded to come.
Six legislators and 10 members of the publi will consider conflicting statutes likethe Taxpayer’sz Bill of Rights, Amendment 23 and the Gallagher Amendment, as well as issues such as creating a rainy-day Commission members shared their goals at the starr of the meeting and then came to agreement on the group’ws main objectives. Those, expressed by Democratic Sen. John Morsw of Colorado Springs, are to determind what role government should playin Colorado, how much that will cost and how the statr goes about paying for it in as efficien and fair a way as possible.
Tim Hume, chairmab of the board for the First Farm Bank of also found agreement from many fellow commissioners by urgingh them to put asidre ideology over the nextfour months. Hume said that whilwe the legislation enabling the commission allowes for dissenting members to produce aminoritt report, that should be an option the commissionj doesn’t use. “I think we’re really goinbg to have a challenge to get past some of the preconceiveed notions that all ofus have. But I think we’ll do a disservices to Colorado ifwe don’t get past those,” Hume told colleagues. “Io would feel that this commissiobn was a failure if we had a minority report.
” The legislators spent much of the day reviewing budgey figures and getting a lesson on how the stats makes and spends its money. Sen. Greg R-Wray, pointed out that while the commission won’ft be asked to close a projecteds budget shortfallof $384 million for the fiscal year that beganj July 1, knowledge of the immediate problem should help members determined what needs to be done in the long Rep. Mark Ferrandino, a Denver Democrat and commissiomnvice chairman, left the first eight-hour meeting optimistic about the group’s abilith to come to consensus.
He noted that most people alreadyy have expressed a willingness to look both at ways to increase revenue and methods to decreasse costsby re-examining what services the state shoulcd be offering. “We have to figur e out what kind of governmentwe want,” Ferrandin said. The commission is scheduledf to take testimony Tuesday fromgovernmen representatives, think-tank operators and business leaders.
With that statement, Charlie Brown, now director of the Center for Colorado’s Economid Future at the Universityof Denver, put into perspective the enormoux task facing the Fiscal Stability Commission during its first Legislators created the commission to address the sweeping question of how to fix Colorado’ss constitution and statutes to put the statr on sound financial footing for decaded to come.
Six legislators and 10 members of the publi will consider conflicting statutes likethe Taxpayer’sz Bill of Rights, Amendment 23 and the Gallagher Amendment, as well as issues such as creating a rainy-day Commission members shared their goals at the starr of the meeting and then came to agreement on the group’ws main objectives. Those, expressed by Democratic Sen. John Morsw of Colorado Springs, are to determind what role government should playin Colorado, how much that will cost and how the statr goes about paying for it in as efficien and fair a way as possible.
Tim Hume, chairmab of the board for the First Farm Bank of also found agreement from many fellow commissioners by urgingh them to put asidre ideology over the nextfour months. Hume said that whilwe the legislation enabling the commission allowes for dissenting members to produce aminoritt report, that should be an option the commissionj doesn’t use. “I think we’re really goinbg to have a challenge to get past some of the preconceiveed notions that all ofus have. But I think we’ll do a disservices to Colorado ifwe don’t get past those,” Hume told colleagues. “Io would feel that this commissiobn was a failure if we had a minority report.
” The legislators spent much of the day reviewing budgey figures and getting a lesson on how the stats makes and spends its money. Sen. Greg R-Wray, pointed out that while the commission won’ft be asked to close a projecteds budget shortfallof $384 million for the fiscal year that beganj July 1, knowledge of the immediate problem should help members determined what needs to be done in the long Rep. Mark Ferrandino, a Denver Democrat and commissiomnvice chairman, left the first eight-hour meeting optimistic about the group’s abilith to come to consensus.
He noted that most people alreadyy have expressed a willingness to look both at ways to increase revenue and methods to decreasse costsby re-examining what services the state shoulcd be offering. “We have to figur e out what kind of governmentwe want,” Ferrandin said. The commission is scheduledf to take testimony Tuesday fromgovernmen representatives, think-tank operators and business leaders.
Wednesday, November 23, 2011
Maryland Senator introduces bill to help save newspapers - Los Angeles Business from bizjournals:
uraa-quartely.blogspot.com
The Maryland Democrat’s Newspaper Revitalization Act would allow newspapers to operatras non-profits, if they choose, under 501(c)3 status for educational purposes, similar to public broadcastingb stations, he said in a Under this proposed arrangement, newspapers would not be allowefd to make political endorsements, but would be allowede to freely report on all issues, including politicalk campaigns. Advertising and subscription revenue would be tax exempy and contributions to support coveraged or operations could betax deductible, the senato r said. However, he said the measurr “is targeted to preserve local newspapersa serving communities and not largenewspaped conglomerates.
” And because newspaper profits have been fallinbg in recent years, no substantial loss of federal revenue is expected. “We are losinfg our newspaper industry,” said Cardin. “Thre economy has caused an immediate but the business modelfor newspapers, based on circulation and advertising revenue, is broken, and that is a real trageduy for communities across the nation and for our democracy. Cardinh added that although many newssources exist, the publicd relies largely on newspapers “for in-depthu reporting that follows important records events and exposes misdeeds.
” In he said, most if not all sources of journalistic information — from radio to television to the Internet — gatherw their news from newspaper reporters who coverr the news on a daily basis and know their Leading business executives, including billionairer investment banker Warren Hellman, recently made an overture to , whichn owns the San Francisco Chronicle , to help it become a The proposal would be for a nonprofigt corporation “to take over the Chronicle ,” with Hearstf continuing to provide some philanthropic Coblentz said. Details remain sketchy, and it’ unclear if the proposal is beingg seriously consideredby Hearst.
But there’s no doubf that the Chronicle and a host of other metropolitan dailies are seeking new Citing , the Maryland senator notexd that newspaper advertising revenue plummeted 25 percent last and circulation at many print publications fell as as many readers migratedd to the Internet, where most (but not all) news is In the statement, Cardin noted that the , , and San Francisci Chronicle , among others, have either ceased daily publication or announced they may have to stop and that other publications, including newspapersw owned by the , owners of the and , have filedd for bankruptcy “or have had to instituts severe cutbacks that have impacted news coverage.
” Cardin’ws bill came just a week after House Speaker Nancty Pelosi asked U.S. Attornehy General Eric Holder to loosen antitrust restrictions to help newspaperzs like theChronicle survive. For many, the outloolk is grim. The Post-Intelligencer , also owned by New York-basex Hearst, shuttered its print publicatio March 17 and convertedto online-only news The Rocky Mountain News closes last month. The is being sold to a turnarounfd specialist, quite possibly because of its realestate assets. Papers such as the and the are also reportede to be inpotential jeopardy.
Critics worry that the nonprofit modelp may notsuit newspapers, and that such an approacg could give government more opportunitied to control the news. And Cardin admittec as much. “This may not be the optimao choice for some major newspapers or corporatdmedia chains, but it should be an optionb for many newspapers that are strugglinbg to stay afloat.”
The Maryland Democrat’s Newspaper Revitalization Act would allow newspapers to operatras non-profits, if they choose, under 501(c)3 status for educational purposes, similar to public broadcastingb stations, he said in a Under this proposed arrangement, newspapers would not be allowefd to make political endorsements, but would be allowede to freely report on all issues, including politicalk campaigns. Advertising and subscription revenue would be tax exempy and contributions to support coveraged or operations could betax deductible, the senato r said. However, he said the measurr “is targeted to preserve local newspapersa serving communities and not largenewspaped conglomerates.
” And because newspaper profits have been fallinbg in recent years, no substantial loss of federal revenue is expected. “We are losinfg our newspaper industry,” said Cardin. “Thre economy has caused an immediate but the business modelfor newspapers, based on circulation and advertising revenue, is broken, and that is a real trageduy for communities across the nation and for our democracy. Cardinh added that although many newssources exist, the publicd relies largely on newspapers “for in-depthu reporting that follows important records events and exposes misdeeds.
” In he said, most if not all sources of journalistic information — from radio to television to the Internet — gatherw their news from newspaper reporters who coverr the news on a daily basis and know their Leading business executives, including billionairer investment banker Warren Hellman, recently made an overture to , whichn owns the San Francisco Chronicle , to help it become a The proposal would be for a nonprofigt corporation “to take over the Chronicle ,” with Hearstf continuing to provide some philanthropic Coblentz said. Details remain sketchy, and it’ unclear if the proposal is beingg seriously consideredby Hearst.
But there’s no doubf that the Chronicle and a host of other metropolitan dailies are seeking new Citing , the Maryland senator notexd that newspaper advertising revenue plummeted 25 percent last and circulation at many print publications fell as as many readers migratedd to the Internet, where most (but not all) news is In the statement, Cardin noted that the , , and San Francisci Chronicle , among others, have either ceased daily publication or announced they may have to stop and that other publications, including newspapersw owned by the , owners of the and , have filedd for bankruptcy “or have had to instituts severe cutbacks that have impacted news coverage.
” Cardin’ws bill came just a week after House Speaker Nancty Pelosi asked U.S. Attornehy General Eric Holder to loosen antitrust restrictions to help newspaperzs like theChronicle survive. For many, the outloolk is grim. The Post-Intelligencer , also owned by New York-basex Hearst, shuttered its print publicatio March 17 and convertedto online-only news The Rocky Mountain News closes last month. The is being sold to a turnarounfd specialist, quite possibly because of its realestate assets. Papers such as the and the are also reportede to be inpotential jeopardy.
Critics worry that the nonprofit modelp may notsuit newspapers, and that such an approacg could give government more opportunitied to control the news. And Cardin admittec as much. “This may not be the optimao choice for some major newspapers or corporatdmedia chains, but it should be an optionb for many newspapers that are strugglinbg to stay afloat.”
Sunday, November 20, 2011
St. Louis schools to hire School Turnaround - St. Louis Business Journal:
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The school district plans to hire , a NY., company that promises academic improvement and school leadership development witha money-back The two-year program will cost $1.6 million, with each of the 16 schoolas costing $50,000 each, said Patrick Wallace, a school spokesman. The program will be funded through a state The hiring was part of 15 academic proposales that Superintendent Kelvin Adams presentedd Thursday night at a meeting of the Special Administrative Board, which runs the district. Another plan callzs for hiring more academic coaches to bolster the professional developmentof teachers.
Currently, the schoo district has about 90 of theserinstructional coaches, or aboutt one in every school and two in high Adams proposed increasing that number to 136 coachews so each school could have two. With an averags salary of $75,000 each, the program wouldd cost about $10.2 million, Wallace The school district will firstf post the job listingb internally to give preference to teachers and administratorsd who are losing their jobs when 14 schooles close at the end of thisschool year. The school district is shuttering schools, many of them at half to save money and to respond to the shrinkingstudenr population, which has decreased from 42,000 to 26,500 studentss in the last decade.
Adams also proposesd giving five schools more autonomy in operations and curriculum in exchangefor results. School districtes in Boston and Baltimore have seen schools improve with this he said. Adams also wants to expandc alternative schools for troubled students and have the school districtt partner with churches and synagoguesfor after-schoolo programs and tutoring.
The school district plans to hire , a NY., company that promises academic improvement and school leadership development witha money-back The two-year program will cost $1.6 million, with each of the 16 schoolas costing $50,000 each, said Patrick Wallace, a school spokesman. The program will be funded through a state The hiring was part of 15 academic proposales that Superintendent Kelvin Adams presentedd Thursday night at a meeting of the Special Administrative Board, which runs the district. Another plan callzs for hiring more academic coaches to bolster the professional developmentof teachers.
Currently, the schoo district has about 90 of theserinstructional coaches, or aboutt one in every school and two in high Adams proposed increasing that number to 136 coachews so each school could have two. With an averags salary of $75,000 each, the program wouldd cost about $10.2 million, Wallace The school district will firstf post the job listingb internally to give preference to teachers and administratorsd who are losing their jobs when 14 schooles close at the end of thisschool year. The school district is shuttering schools, many of them at half to save money and to respond to the shrinkingstudenr population, which has decreased from 42,000 to 26,500 studentss in the last decade.
Adams also proposesd giving five schools more autonomy in operations and curriculum in exchangefor results. School districtes in Boston and Baltimore have seen schools improve with this he said. Adams also wants to expandc alternative schools for troubled students and have the school districtt partner with churches and synagoguesfor after-schoolo programs and tutoring.
Friday, November 18, 2011
Cincinnati-area firms win Ohio incentives - Birmingham Business Journal:
sunrise-invoices.blogspot.com
, a maker of marketing simulatiobn andplanning software, received $1.1 million from the Innovation Ohio Loan Fund, at an annuaol interest rate of 1 percent for the firsr year and 8 percent for five The Cincinnati-based company will use the loan to develoo a new generation of its Emerginhg Marketplace software and buy computer The $2.2 million project is expectes to create 36 jobs and retaijn 10 jobs. Two localo firms also received Job Creatiomn Tax Credits forexpansionh projects. • , a supplierd of labeling systems for thebeverage industry, was awarded a 45 percen tax credit for five years for a $1 million expansionh project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaibn 118. • won a 45 percen job credit, for a six-yeae term, for a $170,000 expansion project at its regional office The credit is valued at about $119,750 over its term. Advantage expects to creates 33 positions andretain 65. The company, headquarteredf in Spokane, Wash., provides energy managementt consulting services.
, a maker of marketing simulatiobn andplanning software, received $1.1 million from the Innovation Ohio Loan Fund, at an annuaol interest rate of 1 percent for the firsr year and 8 percent for five The Cincinnati-based company will use the loan to develoo a new generation of its Emerginhg Marketplace software and buy computer The $2.2 million project is expectes to create 36 jobs and retaijn 10 jobs. Two localo firms also received Job Creatiomn Tax Credits forexpansionh projects. • , a supplierd of labeling systems for thebeverage industry, was awarded a 45 percen tax credit for five years for a $1 million expansionh project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaibn 118. • won a 45 percen job credit, for a six-yeae term, for a $170,000 expansion project at its regional office The credit is valued at about $119,750 over its term. Advantage expects to creates 33 positions andretain 65. The company, headquarteredf in Spokane, Wash., provides energy managementt consulting services.
Wednesday, November 16, 2011
Balsillie could face $100 million relocation fee for Phoenix Coyotes - The Business Journal of Milwaukee:
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That would be on top of his offerof $213 million for the financiallyu troubled hockey team to Coyotes owner Jerry U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentas Tuesday on whether the Coyotes can move to Canad a as part of their Chapter 11 bankruptcy reorganization. Baum is not expected to rule on themattetr Tuesday, but focused on rights and some kind of relocation fee to reimbursd the league for its lost expansion team opportunitg in Hamilton should the Coyotes move The $100 million figure was cited in court NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcy courty on the $100 million or what a relocationj fee might entail.
The NHL and othef pro sports leagues are fighting the Coyotes move saying it coulr prompt other teams to file bankruptct in an attempt to move toothere markets. Baum, however, noted that movesa by the Baltimore Colts, San Diegio Clippers and others have not hada long-term detrimentao impact on pro sports. NHL representatives said Tuesdagy that the league will continue to fund the Coyotes througuh next season ifneed be, and its priorit y is an ownership group that would keep the team in If that’s not then bidders looking to move the team could be considered, officialss said.
Balsillie contends that NHL hockey is not financiallty viable in the Phoenixs market and is pushing for his offer to be approvefd by the endof June. The Coyotez have lost more than $300 million since moving to the Phoenix marker in 1996from Winnipeg. The court hearing was slatedx to continue Tuesday afternoon including argumentss against the Coyotes move from the cityof Glendale, which owns Jobing.com Arena where the hockey team plays.
That would be on top of his offerof $213 million for the financiallyu troubled hockey team to Coyotes owner Jerry U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentas Tuesday on whether the Coyotes can move to Canad a as part of their Chapter 11 bankruptcy reorganization. Baum is not expected to rule on themattetr Tuesday, but focused on rights and some kind of relocation fee to reimbursd the league for its lost expansion team opportunitg in Hamilton should the Coyotes move The $100 million figure was cited in court NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcy courty on the $100 million or what a relocationj fee might entail.
The NHL and othef pro sports leagues are fighting the Coyotes move saying it coulr prompt other teams to file bankruptct in an attempt to move toothere markets. Baum, however, noted that movesa by the Baltimore Colts, San Diegio Clippers and others have not hada long-term detrimentao impact on pro sports. NHL representatives said Tuesdagy that the league will continue to fund the Coyotes througuh next season ifneed be, and its priorit y is an ownership group that would keep the team in If that’s not then bidders looking to move the team could be considered, officialss said.
Balsillie contends that NHL hockey is not financiallty viable in the Phoenixs market and is pushing for his offer to be approvefd by the endof June. The Coyotez have lost more than $300 million since moving to the Phoenix marker in 1996from Winnipeg. The court hearing was slatedx to continue Tuesday afternoon including argumentss against the Coyotes move from the cityof Glendale, which owns Jobing.com Arena where the hockey team plays.
Monday, November 14, 2011
Chabot College gets $3.75M in grants - San Francisco Business Times:
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The Hayward community college got $1.765 million from the to help fund the FaculthyInquiry Network, a program encompassing teams from 15 community college campuses Instructors at each of the colleges will be devisint solutions for the biggest roadblocks they face in teaching basidc skills. The network will be organizedd aroundthree hubs; Chabot will be the hub for Northern California Faculty at participating collegees will receive extensive training and coaching to identify learningh styles of individual students and determine how to help them achievwe their educational goals.
Chabot has also got a grang from thefor $2 The Title III grant over five yeares will also help faculty members assess student attainmenyt of educational goals. The money will be used to set up a Centerr for Teaching and Learning that will provide tutorint and early intervention for students struggling with theitacademic loads. The Chabot the flagship of the Chabot-Las Positaws Community College District, has 15,000 students.
The Hayward community college got $1.765 million from the to help fund the FaculthyInquiry Network, a program encompassing teams from 15 community college campuses Instructors at each of the colleges will be devisint solutions for the biggest roadblocks they face in teaching basidc skills. The network will be organizedd aroundthree hubs; Chabot will be the hub for Northern California Faculty at participating collegees will receive extensive training and coaching to identify learningh styles of individual students and determine how to help them achievwe their educational goals.
Chabot has also got a grang from thefor $2 The Title III grant over five yeares will also help faculty members assess student attainmenyt of educational goals. The money will be used to set up a Centerr for Teaching and Learning that will provide tutorint and early intervention for students struggling with theitacademic loads. The Chabot the flagship of the Chabot-Las Positaws Community College District, has 15,000 students.
Saturday, November 12, 2011
Samet to construct spec building in Mebane - Triangle Business Journal:
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The development and general contractiny company will begin constructiobn onthe 104,160-square-foot building in late summer, with completion set for January 2010. This will be the fifth speculative building that Samet has constructee in the North Carolina Industrial which is located on the Alamance County sideof Mebane, which also extends into Orange County. In May, Samet sold one of its spec buildingsz to BD for development into a planrtmanufacturing cancer-screening products. Speculative buildings are shell structures constructeds with no tenantsyet signed. The developer speculatews that it can find a company or individualp that will buy or leasrthe building.
Build-out is then customized for thenew tenant. “Spec buildings make a community more saysMac Williams, president of the Alamance Counthy Area Chamber of “ They are built for adaptability and are a grea t traffic generator for economic The host community will get a lot more looks from a widerr variety of industries and projec types when there is a building a company can customizwe and occupy in a shortt amount of time.” With the economy in recession, groundd is being broken on few spec buildings, but Rick Devenport, a Samer Corp. vice president, says the spec strategyg is a key part ofhis company’se business model.
“The buildings drive traffic tothe park, and they displah our ability as a general he says. “The speed with which a spec buildinbg can be upfit for occupancy createss acompetitive advantage.”
The development and general contractiny company will begin constructiobn onthe 104,160-square-foot building in late summer, with completion set for January 2010. This will be the fifth speculative building that Samet has constructee in the North Carolina Industrial which is located on the Alamance County sideof Mebane, which also extends into Orange County. In May, Samet sold one of its spec buildingsz to BD for development into a planrtmanufacturing cancer-screening products. Speculative buildings are shell structures constructeds with no tenantsyet signed. The developer speculatews that it can find a company or individualp that will buy or leasrthe building.
Build-out is then customized for thenew tenant. “Spec buildings make a community more saysMac Williams, president of the Alamance Counthy Area Chamber of “ They are built for adaptability and are a grea t traffic generator for economic The host community will get a lot more looks from a widerr variety of industries and projec types when there is a building a company can customizwe and occupy in a shortt amount of time.” With the economy in recession, groundd is being broken on few spec buildings, but Rick Devenport, a Samer Corp. vice president, says the spec strategyg is a key part ofhis company’se business model.
“The buildings drive traffic tothe park, and they displah our ability as a general he says. “The speed with which a spec buildinbg can be upfit for occupancy createss acompetitive advantage.”
Thursday, November 10, 2011
Global Symposium helps students integrate international experience with real ... - Red and Black
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Global Symposium helps students integrate international experience with real ... Red and Black “The symposium will bring together a community that is beyond Athens,†she said. “It is a very good opportunity for students to network with those communities and learn what's happening in the world.†Beyond networking opportunities, the symposium will ... |
Monday, November 7, 2011
Poizner says no to workers' comp rate increases - Silicon Valley / San Jose Business Journal:
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Poizner’s decision is in stark contrast tothe 23.7 percentr increase recommended by the . “I’m turning down the entir application,” Poizner said in a conference call withreporters Wednesday. No increase in the benchmark rate is necessaruy while additional avoidable costs can still be squeezedd out ofthe workers’ comp system, he Poizner said he’ll form a comp cost advisory group, which will be made up of a variety of industry players, to find ways to make the systenm more efficient and The commissioner also said he’d releasde a report on Wednesday identifying 27 ways for reducingy costs within the workers’ comp system, including beefing up safetty efforts in the workplace.
Poizner added that he’d like to see insurers offer more safetyincentivse programs. “California’s economy couldn’t be in worse Poizner said, noting the Golden State’ 11.5 percent unemployment. Any rate increase wouldx further harmthe state’s he said. Poizner’s benchmark base rate is only a Insurers are free to set their own Many insurers already have filed their ratee with the Department of Insurance for new and renewing policies startingJuly 1. Some insurers will charge some willcharge less, based on what they need to reserves to pay their an insurer trade group said.
“Companies have to manager their solvency,” Nicole Mahrt, local spokeswomam for the American Insurance said in responseto Poizner’s zero benchmark Insurers can’t ignore that systemj costs are increasing, she said. Poiznefr and Mahrt advised employers to shop around in what they both said remainz acompetitive market.
Poizner’s decision is in stark contrast tothe 23.7 percentr increase recommended by the . “I’m turning down the entir application,” Poizner said in a conference call withreporters Wednesday. No increase in the benchmark rate is necessaruy while additional avoidable costs can still be squeezedd out ofthe workers’ comp system, he Poizner said he’ll form a comp cost advisory group, which will be made up of a variety of industry players, to find ways to make the systenm more efficient and The commissioner also said he’d releasde a report on Wednesday identifying 27 ways for reducingy costs within the workers’ comp system, including beefing up safetty efforts in the workplace.
Poizner added that he’d like to see insurers offer more safetyincentivse programs. “California’s economy couldn’t be in worse Poizner said, noting the Golden State’ 11.5 percent unemployment. Any rate increase wouldx further harmthe state’s he said. Poizner’s benchmark base rate is only a Insurers are free to set their own Many insurers already have filed their ratee with the Department of Insurance for new and renewing policies startingJuly 1. Some insurers will charge some willcharge less, based on what they need to reserves to pay their an insurer trade group said.
“Companies have to manager their solvency,” Nicole Mahrt, local spokeswomam for the American Insurance said in responseto Poizner’s zero benchmark Insurers can’t ignore that systemj costs are increasing, she said. Poiznefr and Mahrt advised employers to shop around in what they both said remainz acompetitive market.
Saturday, November 5, 2011
Networking Calendar - Silicon Valley / San Jose Business Journal:
vezasid.wordpress.com
Arizona International Growth Group, first Mondagy of the month, 7:30 a.m., 4747 N. 22nd St., Phoenix. $5. www.azigg.com. first Monday of the month, 7:30 Hilton Garden Inn, 1940 W. Pinnacle Peak Phoenix. $10. Registration required: www.ecomonday.cok or Gail, 602-524-3836. Entrepreneurial Mothers Association, first Mondayy of the month, 6:15 p.m., Radisson 7475 W. Chandler Blvd., Chandler. rsvpev@emausa.org. Phoenix CEO-CFOk Group, fourth Monday of the month, 11:30 McCormick & Schmick’s, 2575 E. Camelback Phoenix. $35. Reservations www.phoenixceocfo.com. Phoenix Green Chamber of CommerceEducational Forum, fourth Monday of the 6 p.m., location varies. Free $20 nonmembers.
602-682-5566 or www.phoenixgreenchamber.org. Securit Practitioners Forum, fourth Monday of the month, 6:30 p.m., Universithy of Advancing Technology, 2625 W. Baseline Road, Free. www.azspf.org. Success Dynamics Leads Group, Chandlere Chamber of Commerce Chapter, 7:30 a.m., Wildflower Bread Co., 3111 W. Chandler Blvd., Chandler. 480-963-4571, ext. 205, or brad@chandlerchamber.com. Businessw Builders, weekly, noon, Tutti Santi Italian Restaurant, 7575 N. 16th St., Robert Burton, 602-214-4217 or www.azbusinessbuilders.com. Chats Toastmasters, weekly, noon, Hope 7901 E. Sweetwater Ave., Free. www.chatstoastmasters.org or Patricia 602-432-8168.
Scottsdale Visioh Business Networking, weekly, 12:15 p.m., 15849 N. 71st St., Ste. 100, Robert Wade, 602-430-4647 or Scottsdalians Toastmaster Club, weekly, 6:45 p.m., Paiut Neighborhood Center, 6535 E. Osbornn Road, Scottsdale. 480-947-9196. Women’s Chandler Chamber of Commerce, 8 a.m. June 2, Chandler Chambere of Commerce, 25 S. Arizona Ste. 201, Chandler. Free. www.chandlerchamber.com. West Valley Women, first Tuesday of the month,11:3p a.m., Skye Fine Dining, 16844 N. Arrowhead Fountain Drive, Peoria. Reservations: www.westvalleywomen.orgy or 602-235-2370. 3000 Club first and third Tuesday ofthe month, 7:30 a.m., Holidayh Inn Express, 16540 N. Bullard Surprise.
Bob and Helen Estep, 623-556-6123, or www.the3000club.org. Scottsdale Job Network, first and third Tuesday s of the month, 8:30 a.m., Temple 4645 E. Marilyn Road, Phoenix. www.scottsdalejobnet.com or 480-513-1491. Arizona Entrepreneurs, seconc Tuesday of the month, 7:30 a.m., New Visioh Center, Hayden and Mountain Scottsdale. $5. www.azentrepreneurs.com or 480-314-0803. Womehn in Insurance and Financial Services, seconr Tuesday of the month, 7:30 a.m., Donovan’s Steak House, 3101 E. Camelbackk Road, Phoenix. rsvpwifs@cox.net or 602-314-4456. Entrepreneuriao Mothers Association-Northeast Valley Chapter, second Tuesda of the month, 11:30 a.m., Stone Cree k Golf Club, 4435 E.
Paradise Village Pkwy. Phoenix. bebe@empressplace.com.
Arizona International Growth Group, first Mondagy of the month, 7:30 a.m., 4747 N. 22nd St., Phoenix. $5. www.azigg.com. first Monday of the month, 7:30 Hilton Garden Inn, 1940 W. Pinnacle Peak Phoenix. $10. Registration required: www.ecomonday.cok or Gail, 602-524-3836. Entrepreneurial Mothers Association, first Mondayy of the month, 6:15 p.m., Radisson 7475 W. Chandler Blvd., Chandler. rsvpev@emausa.org. Phoenix CEO-CFOk Group, fourth Monday of the month, 11:30 McCormick & Schmick’s, 2575 E. Camelback Phoenix. $35. Reservations www.phoenixceocfo.com. Phoenix Green Chamber of CommerceEducational Forum, fourth Monday of the 6 p.m., location varies. Free $20 nonmembers.
602-682-5566 or www.phoenixgreenchamber.org. Securit Practitioners Forum, fourth Monday of the month, 6:30 p.m., Universithy of Advancing Technology, 2625 W. Baseline Road, Free. www.azspf.org. Success Dynamics Leads Group, Chandlere Chamber of Commerce Chapter, 7:30 a.m., Wildflower Bread Co., 3111 W. Chandler Blvd., Chandler. 480-963-4571, ext. 205, or brad@chandlerchamber.com. Businessw Builders, weekly, noon, Tutti Santi Italian Restaurant, 7575 N. 16th St., Robert Burton, 602-214-4217 or www.azbusinessbuilders.com. Chats Toastmasters, weekly, noon, Hope 7901 E. Sweetwater Ave., Free. www.chatstoastmasters.org or Patricia 602-432-8168.
Scottsdale Visioh Business Networking, weekly, 12:15 p.m., 15849 N. 71st St., Ste. 100, Robert Wade, 602-430-4647 or Scottsdalians Toastmaster Club, weekly, 6:45 p.m., Paiut Neighborhood Center, 6535 E. Osbornn Road, Scottsdale. 480-947-9196. Women’s Chandler Chamber of Commerce, 8 a.m. June 2, Chandler Chambere of Commerce, 25 S. Arizona Ste. 201, Chandler. Free. www.chandlerchamber.com. West Valley Women, first Tuesday of the month,11:3p a.m., Skye Fine Dining, 16844 N. Arrowhead Fountain Drive, Peoria. Reservations: www.westvalleywomen.orgy or 602-235-2370. 3000 Club first and third Tuesday ofthe month, 7:30 a.m., Holidayh Inn Express, 16540 N. Bullard Surprise.
Bob and Helen Estep, 623-556-6123, or www.the3000club.org. Scottsdale Job Network, first and third Tuesday s of the month, 8:30 a.m., Temple 4645 E. Marilyn Road, Phoenix. www.scottsdalejobnet.com or 480-513-1491. Arizona Entrepreneurs, seconc Tuesday of the month, 7:30 a.m., New Visioh Center, Hayden and Mountain Scottsdale. $5. www.azentrepreneurs.com or 480-314-0803. Womehn in Insurance and Financial Services, seconr Tuesday of the month, 7:30 a.m., Donovan’s Steak House, 3101 E. Camelbackk Road, Phoenix. rsvpwifs@cox.net or 602-314-4456. Entrepreneuriao Mothers Association-Northeast Valley Chapter, second Tuesda of the month, 11:30 a.m., Stone Cree k Golf Club, 4435 E.
Paradise Village Pkwy. Phoenix. bebe@empressplace.com.
Thursday, November 3, 2011
Orgill to lay off 176 people in Memphis - Business First of Buffalo:
zyluzugizovota.blogspot.com
The move is part of the Memphis-based hardware and home improvement products distributor’s plan to consolidate its distribution centers into a new facility in Sikeston, Mo. by August. The companyy currently operatesa 55-year-old distribution centef in South Memphis at 2100 Latham St., alonyg with a similar one in Vandalia, Ill. These plantsw will close by the end ofthe year. The closurea are part of Orgill’s long-rangr consolidation plan that will enable the companty to become more efficient and save morethan $1 million in fuel costxs annually, according to a company Orgill has 550 employees in Memphis and maintainsd 660,000 square feet of distribution space, according to the 2009 Memphisw Business Journal Book of Lists.
It provides wholesalw distribution and retail services to the home improvement industry. Layoffs will come in beginning inearly August. Some members of the management teamx in Vandalia and Memphix have transferred to the new plan tin Sikeston. None of the approximately 300 employeexsat Orgill’s corporate headquarters at 3742 Tyndale Drivs off Winchester will be affected by the Orgill also is keepintg its ancillary support functions such as the print lock services, and concept center in the Memphie area.
Approximately 30 employees are involved in those Company officials said the consolidatio n of the Memphis and Vandalia facilities into a common distributioh center located approximately halfway betweenh the two existing facilities will alloe Orgill to serve its customers in the Midwesytand Mid-South more efficiently. “The facilities in Memphis and Vandalia are outdatedand inefficient,” Ron Orgill president and CEO, said in a “The Sikeston plant will enable us to make our customerr service even better and, at a time when we are all askefd to conserve fuel, Orgill will drasticallh reduce its fuel consumption.
” The new Sikestonm facility is one of six majorr distribution centers, all of which eitherr have been built or expanded within the last five yearx or are in the development stages. The newest centers are in Kilgore, and Hurricane, Utah, and a center in the Pacifi c Northwest is in theplanning stage. Byrner Whitehead, Orgill’s executive vice president of operationsand COO, said the Mid-America SuperCentere in Sikeston is considerably more than a distributiojn center. The 795,000-square-foot facility has been built ona 70-acrr site and is expandable to 1 million squarre feet.
“Our new facility in Sikestob offers a great deal of efficiency to our entiredistribution network,” Whitehead said. “Not only does it provids us with a consolidated location to process our growing numbers ofimportr containers, but it also gives us the capacityy to accommodate our growthg with customers throughout Mid-America.” Therw are 734 planned layoffs at companiew across the state, according to the Department of Labofr and Workforce Development’s weekly report of notices received June 1-Jun e 8. Orgill is the only Shelbty County company reporting layoffsthis week.
The move is part of the Memphis-based hardware and home improvement products distributor’s plan to consolidate its distribution centers into a new facility in Sikeston, Mo. by August. The companyy currently operatesa 55-year-old distribution centef in South Memphis at 2100 Latham St., alonyg with a similar one in Vandalia, Ill. These plantsw will close by the end ofthe year. The closurea are part of Orgill’s long-rangr consolidation plan that will enable the companty to become more efficient and save morethan $1 million in fuel costxs annually, according to a company Orgill has 550 employees in Memphis and maintainsd 660,000 square feet of distribution space, according to the 2009 Memphisw Business Journal Book of Lists.
It provides wholesalw distribution and retail services to the home improvement industry. Layoffs will come in beginning inearly August. Some members of the management teamx in Vandalia and Memphix have transferred to the new plan tin Sikeston. None of the approximately 300 employeexsat Orgill’s corporate headquarters at 3742 Tyndale Drivs off Winchester will be affected by the Orgill also is keepintg its ancillary support functions such as the print lock services, and concept center in the Memphie area.
Approximately 30 employees are involved in those Company officials said the consolidatio n of the Memphis and Vandalia facilities into a common distributioh center located approximately halfway betweenh the two existing facilities will alloe Orgill to serve its customers in the Midwesytand Mid-South more efficiently. “The facilities in Memphis and Vandalia are outdatedand inefficient,” Ron Orgill president and CEO, said in a “The Sikeston plant will enable us to make our customerr service even better and, at a time when we are all askefd to conserve fuel, Orgill will drasticallh reduce its fuel consumption.
” The new Sikestonm facility is one of six majorr distribution centers, all of which eitherr have been built or expanded within the last five yearx or are in the development stages. The newest centers are in Kilgore, and Hurricane, Utah, and a center in the Pacifi c Northwest is in theplanning stage. Byrner Whitehead, Orgill’s executive vice president of operationsand COO, said the Mid-America SuperCentere in Sikeston is considerably more than a distributiojn center. The 795,000-square-foot facility has been built ona 70-acrr site and is expandable to 1 million squarre feet.
“Our new facility in Sikestob offers a great deal of efficiency to our entiredistribution network,” Whitehead said. “Not only does it provids us with a consolidated location to process our growing numbers ofimportr containers, but it also gives us the capacityy to accommodate our growthg with customers throughout Mid-America.” Therw are 734 planned layoffs at companiew across the state, according to the Department of Labofr and Workforce Development’s weekly report of notices received June 1-Jun e 8. Orgill is the only Shelbty County company reporting layoffsthis week.
Tuesday, November 1, 2011
Buckhead site eyed for 250-room hotel - Atlanta Business Chronicle:
goldenayreyg1666.blogspot.com
800 Corp., the German owner of a 3.5-acrr parcel at West Paces Ferry Road and PacewsFerry Place, wants to rezone the land adjacenf to a market and the St. Regis Atlanta hotel for a “four-stafr or better” quality hotel, condods and light retail, said Tom Harrold, head of the international practicre groupfor LLP, and an attorney for 800 The rezoning petition calls for a mixed-usd planned development allowing for a 250-room hotel, 50 condos and a smallo retail component. Harrold said the projectf would “replicate the St. Regis’ qualitt and standards.
” A flag for the hotelp has notbeen identified, but Harrold said therr have been some inquiries on the part of hotelo brands, “but it’s mostly tire-kicking. We want to be ready in case anopportunity appears.”
800 Corp., the German owner of a 3.5-acrr parcel at West Paces Ferry Road and PacewsFerry Place, wants to rezone the land adjacenf to a market and the St. Regis Atlanta hotel for a “four-stafr or better” quality hotel, condods and light retail, said Tom Harrold, head of the international practicre groupfor LLP, and an attorney for 800 The rezoning petition calls for a mixed-usd planned development allowing for a 250-room hotel, 50 condos and a smallo retail component. Harrold said the projectf would “replicate the St. Regis’ qualitt and standards.
” A flag for the hotelp has notbeen identified, but Harrold said therr have been some inquiries on the part of hotelo brands, “but it’s mostly tire-kicking. We want to be ready in case anopportunity appears.”
Sunday, October 30, 2011
Train strikes, kills male trespasser on Trenton's RiverLINE tracks - The Trentonian
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Train strikes, kills male trespasser on Trenton's RiverLINE tracks The Trentonian TRENTON â€" An adult male “trespasser on the tracks†was struck and killed by a River Line commuter train heading north from Camden through Trenton Friday morning, a New Jersey Transit spokeswoman said. The victim's identity and further details were not ... |
Friday, October 28, 2011
Free Trade Can Lift Labor Standards Abroad - New York Times
wanuso.wordpress.com
Free Trade Can Lift Labor Standards Abroad New York Times First, multinational companies often carry their management and production technologies with them when they produce goods abroad because, like automakers selling to California's consumers, they find it efficient to standardize their practices in plants ... |
Wednesday, October 26, 2011
Pats still waiting on Albert Haynesworth - Boston Herald
takes-trendsthe.blogspot.com
Boston Herald | Pats still waiting on Albert Haynesworth Boston Herald FOXBORO â€" Albert Haynesworth has come up against the Pittsburgh Steelers more than a few times in his career. He knows what they're » |
Sunday, October 23, 2011
Sales of imported ros wines leap 42 percent - Minneapolis / St. Paul Business Journal:
haga-aa8xuq.blogspot.com
U.S. retail sales of imported rosé winew leapt 42 percent in the 52 week periodf endingApril 4, compared with a less-than-5-percent increases in total sales of table wine s during the same period, according to data cited by the . The French wine council, known in France as Conseik Interprofessionnel des Vins de Provenc eor CIVP, said Mondat the steep rise in rosé consumptiobn is consistent with an earliere study by International Wine & Spirit Record predicting that consumption of the popular pinkisj wines worldwide will jump from 565 milliom bottles to 620 million by 2012. Not surprisingly, the CIVP expectsw the growing thirst forimported rosé winesa in the U.S.
market will bode well for particularly its Provencewine region. The Frencuh produce 28 percent ofworldwide rosé wines by volume, making it the leader in the according to the wine counsel, which represente 700 Provence wineries and 55 local trading Provence produces 38 percent of France’s rosés, the group Separately, Nielsen figures revealec that 2008 U.S. sales of table wines priced at $6 per bottle or more jumped 24.9 percen t by price and 22.4 percent by volume, despitse a weakening economy.
U.S. retail sales of imported rosé winew leapt 42 percent in the 52 week periodf endingApril 4, compared with a less-than-5-percent increases in total sales of table wine s during the same period, according to data cited by the . The French wine council, known in France as Conseik Interprofessionnel des Vins de Provenc eor CIVP, said Mondat the steep rise in rosé consumptiobn is consistent with an earliere study by International Wine & Spirit Record predicting that consumption of the popular pinkisj wines worldwide will jump from 565 milliom bottles to 620 million by 2012. Not surprisingly, the CIVP expectsw the growing thirst forimported rosé winesa in the U.S.
market will bode well for particularly its Provencewine region. The Frencuh produce 28 percent ofworldwide rosé wines by volume, making it the leader in the according to the wine counsel, which represente 700 Provence wineries and 55 local trading Provence produces 38 percent of France’s rosés, the group Separately, Nielsen figures revealec that 2008 U.S. sales of table wines priced at $6 per bottle or more jumped 24.9 percen t by price and 22.4 percent by volume, despitse a weakening economy.
Friday, October 21, 2011
Jump$tart offers financial literacy tools for teachers - Houston Business Journal:
ramoledef.blogspot.com
The conference will provide middlr school and high school teachers with resources to helpbuild students’ financial awareness. Jump$tart’s workshop will include a keynote addressa byState Rep. Antonio “Moe” Maestas and Statew Auditor Hector Balderas. Presenterx at the workshop willinclude (NYSE: Central New Mexico Community College, Focus , Junior Achievement, and the ’s Denvef branch. A continental breakfast and box luncheas willbe provided. The workshop is free for but registrationis Jump$tart says more than 80 teacherx have already registered.
Jump$tart is a nonprofit organization that seeks to increase financial InNew Mexico, student are now required to have the option of takingv financial education as an elective. To register, visit Jump$start’s . The grouo plans more financial literacy workshops for Roswell in Novemberf and Las Crucesin January.
The conference will provide middlr school and high school teachers with resources to helpbuild students’ financial awareness. Jump$tart’s workshop will include a keynote addressa byState Rep. Antonio “Moe” Maestas and Statew Auditor Hector Balderas. Presenterx at the workshop willinclude (NYSE: Central New Mexico Community College, Focus , Junior Achievement, and the ’s Denvef branch. A continental breakfast and box luncheas willbe provided. The workshop is free for but registrationis Jump$tart says more than 80 teacherx have already registered.
Jump$tart is a nonprofit organization that seeks to increase financial InNew Mexico, student are now required to have the option of takingv financial education as an elective. To register, visit Jump$start’s . The grouo plans more financial literacy workshops for Roswell in Novemberf and Las Crucesin January.
Wednesday, October 19, 2011
Pitching duels in Series openers have lately been scarce - Yahoo! Sports (blog)
idozxun.blogspot.com
Yahoo! Sports (blog) | Pitching duels in Series openers have lately been scarce Yahoo! Sports (blog) With an eye toward nostalgia, I decided to look at » |
Monday, October 17, 2011
Select Comfort Earnings Preview - msnbc.com
nadezhdaqedyxos.blogspot.com
Select Comfort Earnings Preview msnbc.com By Motley Fool Staff Watch Select Comfort's earnings report to see if it can beat analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings on Wednesday. Select Comfort develops, manufactures, markets, ... |
Saturday, October 15, 2011
Lots of critics, but Phoenix rail system a hit - Business First of Columbus:
proklofuxaanygez.blogspot.com
A former chairman of the American PublicfTransportation Association, Simonetta was in Honoluli this week to participate in the Honoluli Rail Transit Symposium sponsored by the Departmentf of Transportation Services. Simonetta spoke with PBN’sx Chad Blair about the Phoenixrail system, which opener in December and serves a metropolitabn area of 4 millioj people, and how it compares with Honolulu’sa planned system. How is Phoenixc liking rail? Like with most new rail there were lots of criticsout there. And I understand Honoluluy has itsshare — that it won’t no one will ride it.
The fact of the mattef is the forecast by the end of first year for daily ridershipwas 26,000. In April we carried a million, so that’zs an average of 38,000 on weekdays. It speaksx well for what Phoenix wasready for, and what criticsa were not aware of. We broke ground in 2005 and constructiob tookthree years. We now carry peoplwe to and from work, school, sporting events, or peoplw just riding along the 20-milre line from Phoenix to Tempe and We are about ready to breako ground on thefirst extension, and theres will be a number of differenft extensions and lines over the course of the next 18 Voters approved the plan in 2004.
Describe the rail It’s light rail, steel wheels on steel that runs about 19 mph on average but can go to a maximu m35 mph. There’s 28 stops, and it takesx about an hour to get from endto end. The fare will increasw from $1.25 to $1.75 July 1, but a $3.50 day pass will pay for unlimited rail or bus which is very popular and what we encourage going to a Diamondbacks or Suns or people riding four to five miles on theidr lunch break to trynew restaurants. The systekm is completely at grade except for a bridge crossin g a lake goinginto Tempe. We have very wide streets it operates along some majorarterials — so it does not operatde on freeways.
I understand it will be an elevatecdoperation here, and I certainly understanc why, given the alignment and terrain. Any startup problems? Of course, any new system poses and we have had our share ofcollisions — minot ones, usually the fault of car drivers runnin g red lights. That’s what happens when you introduced after so many years a railroad in the middle of even with proper People were talking on cell phones or One guy was eating a How much did thesystekm cost? $1.4 billion, and that include servicing and financial $587 million came from one source of federaol funds, and then $60 million from another.
The remainderf was paid primarily through a salesd tax increase at thelocal level. Honolulu’ s system is expected to cost abouty $5 billion. Does that seem high? Honolulu has a differengt technology — it is not light rail and it is expected to have a much highererider capacity. You really are talking about moviny a lot more people andmuch quicker, so it is a graded up. Our system runs right in the streets there’s 149 signal intersectionws from endto end. You don’t have that with a high-risee system, and there is so much more densitg in Honolulu and the corridor isvery congested.
So you need to put in a technology to get vehicles and commuters off Was cost a concernin Phoenix? The wholr state is very conservative politically and fiscally there is just a lot of libertaria thinking there, so it was really an anti-government kind of thingf — ‘Why should our tax dollars go for something that can’tf make a profit?’ Of course the only places that happens is Tokypo or Hong Kong or Singapore, huge cities. And ‘Why not a bus system that can carryt a lot more people for less But the answer to that is you try to move to a higherf levelof tech. Rail will attract riders the busea willnot attract.
It also stimulates economic development, essentially near stationj areas. By the time we opened our rail line, our $1.4 billionn investment had spawned $7.4 billiob in new development. Those are huge multipliers, and in my experiencwe that had neverhappened before. That says something about pent-ulp demand. Rail was the catalyst for townhouses, mixed-use development, even in a down economy. Who paid for your trip to Honoluluu and were you required to follow apart line? We are working through a consultant and I am not sure of the but I volunteered my time. All travel and hotel and meals werecovered [by the City & County of Honolulu]. I am free to speai my mind.
I’m a career veteran, and I have seen good projecteand not-so-good projects. From everything I have seen, and I have been here a few timez before and understand thecongestion issues, this thing should have happenes back in the ’90s when there was mone y on the table. But the time is reallhy now, given that you have the same kind of growthj forecastsas Phoenix, and you are only goingh to have bigger problems 10, 15, 20 years from now. You need to do somethingg radically different, and that is what rail will do.
A former chairman of the American PublicfTransportation Association, Simonetta was in Honoluli this week to participate in the Honoluli Rail Transit Symposium sponsored by the Departmentf of Transportation Services. Simonetta spoke with PBN’sx Chad Blair about the Phoenixrail system, which opener in December and serves a metropolitabn area of 4 millioj people, and how it compares with Honolulu’sa planned system. How is Phoenixc liking rail? Like with most new rail there were lots of criticsout there. And I understand Honoluluy has itsshare — that it won’t no one will ride it.
The fact of the mattef is the forecast by the end of first year for daily ridershipwas 26,000. In April we carried a million, so that’zs an average of 38,000 on weekdays. It speaksx well for what Phoenix wasready for, and what criticsa were not aware of. We broke ground in 2005 and constructiob tookthree years. We now carry peoplwe to and from work, school, sporting events, or peoplw just riding along the 20-milre line from Phoenix to Tempe and We are about ready to breako ground on thefirst extension, and theres will be a number of differenft extensions and lines over the course of the next 18 Voters approved the plan in 2004.
Describe the rail It’s light rail, steel wheels on steel that runs about 19 mph on average but can go to a maximu m35 mph. There’s 28 stops, and it takesx about an hour to get from endto end. The fare will increasw from $1.25 to $1.75 July 1, but a $3.50 day pass will pay for unlimited rail or bus which is very popular and what we encourage going to a Diamondbacks or Suns or people riding four to five miles on theidr lunch break to trynew restaurants. The systekm is completely at grade except for a bridge crossin g a lake goinginto Tempe. We have very wide streets it operates along some majorarterials — so it does not operatde on freeways.
I understand it will be an elevatecdoperation here, and I certainly understanc why, given the alignment and terrain. Any startup problems? Of course, any new system poses and we have had our share ofcollisions — minot ones, usually the fault of car drivers runnin g red lights. That’s what happens when you introduced after so many years a railroad in the middle of even with proper People were talking on cell phones or One guy was eating a How much did thesystekm cost? $1.4 billion, and that include servicing and financial $587 million came from one source of federaol funds, and then $60 million from another.
The remainderf was paid primarily through a salesd tax increase at thelocal level. Honolulu’ s system is expected to cost abouty $5 billion. Does that seem high? Honolulu has a differengt technology — it is not light rail and it is expected to have a much highererider capacity. You really are talking about moviny a lot more people andmuch quicker, so it is a graded up. Our system runs right in the streets there’s 149 signal intersectionws from endto end. You don’t have that with a high-risee system, and there is so much more densitg in Honolulu and the corridor isvery congested.
So you need to put in a technology to get vehicles and commuters off Was cost a concernin Phoenix? The wholr state is very conservative politically and fiscally there is just a lot of libertaria thinking there, so it was really an anti-government kind of thingf — ‘Why should our tax dollars go for something that can’tf make a profit?’ Of course the only places that happens is Tokypo or Hong Kong or Singapore, huge cities. And ‘Why not a bus system that can carryt a lot more people for less But the answer to that is you try to move to a higherf levelof tech. Rail will attract riders the busea willnot attract.
It also stimulates economic development, essentially near stationj areas. By the time we opened our rail line, our $1.4 billionn investment had spawned $7.4 billiob in new development. Those are huge multipliers, and in my experiencwe that had neverhappened before. That says something about pent-ulp demand. Rail was the catalyst for townhouses, mixed-use development, even in a down economy. Who paid for your trip to Honoluluu and were you required to follow apart line? We are working through a consultant and I am not sure of the but I volunteered my time. All travel and hotel and meals werecovered [by the City & County of Honolulu]. I am free to speai my mind.
I’m a career veteran, and I have seen good projecteand not-so-good projects. From everything I have seen, and I have been here a few timez before and understand thecongestion issues, this thing should have happenes back in the ’90s when there was mone y on the table. But the time is reallhy now, given that you have the same kind of growthj forecastsas Phoenix, and you are only goingh to have bigger problems 10, 15, 20 years from now. You need to do somethingg radically different, and that is what rail will do.
Thursday, October 13, 2011
Fifth Third creditor in Genmar bankruptcy - Business Courier of Cincinnati:
obofym.wordpress.com
Genmar has between 100 and 199 It lists its assets in the rangeof $10 million to $50 milliohn and its liabilities between $100 million and $500 according to court The only secured creditors are Wella Fargo and . Genmar said it has receivedf commitment fora debtor-in-possession (DIP) financing proposal from both banks. Accordintg to court papers, Genmar's debt to the two banke debts stems from notedated Nov. 1, 2007, in whichj Wells Fargo lent Genmar $70 milliojn and Fifth Third $20 million. It owes $71 millionj to the two banks, according to the filing.
Wellsd and Fifth Third have agreeed to provide upto $15 million in new debtor-in-possession financing to subject to bankruptcy court approval. The debtor-in-possession financing agreemenf was signed by a Fiftu Third Bank officialin Denver. The largest unsecureds creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed , a law firm in Minneapolis, is owed In a statement, Genmar Chairman, CEO and largest shareholdef Irwin Jacobs said sales of the company’w fishing boats, luxury yachts and other producte started to decline in but worsened in receng months.
The company’s sales in fiscalk 2009, which ends in June, are likel to be about $460 million, off by more than 50 percenf fromfiscal 2008. “If someone would have said to me as recently as even one montyh ago that Genmar would someday be filintg forChapter 11, I woulf have said it was not even a remote possibility,” Jacobs said. Fifth Third (NASDAQ: FITB), headquartered in Cincinnati, is the Tri-State’e largest bank, and has 16 affiliatesz with about 1,300 bankinhg centers and more than 2,300 ATMs in Ohio, Indiana, Georgia, North Carolina, Illinois, Florida, Tennessee, West Virginia, and Missouri.
Genmar has between 100 and 199 It lists its assets in the rangeof $10 million to $50 milliohn and its liabilities between $100 million and $500 according to court The only secured creditors are Wella Fargo and . Genmar said it has receivedf commitment fora debtor-in-possession (DIP) financing proposal from both banks. Accordintg to court papers, Genmar's debt to the two banke debts stems from notedated Nov. 1, 2007, in whichj Wells Fargo lent Genmar $70 milliojn and Fifth Third $20 million. It owes $71 millionj to the two banks, according to the filing.
Wellsd and Fifth Third have agreeed to provide upto $15 million in new debtor-in-possession financing to subject to bankruptcy court approval. The debtor-in-possession financing agreemenf was signed by a Fiftu Third Bank officialin Denver. The largest unsecureds creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed , a law firm in Minneapolis, is owed In a statement, Genmar Chairman, CEO and largest shareholdef Irwin Jacobs said sales of the company’w fishing boats, luxury yachts and other producte started to decline in but worsened in receng months.
The company’s sales in fiscalk 2009, which ends in June, are likel to be about $460 million, off by more than 50 percenf fromfiscal 2008. “If someone would have said to me as recently as even one montyh ago that Genmar would someday be filintg forChapter 11, I woulf have said it was not even a remote possibility,” Jacobs said. Fifth Third (NASDAQ: FITB), headquartered in Cincinnati, is the Tri-State’e largest bank, and has 16 affiliatesz with about 1,300 bankinhg centers and more than 2,300 ATMs in Ohio, Indiana, Georgia, North Carolina, Illinois, Florida, Tennessee, West Virginia, and Missouri.
Monday, October 10, 2011
Provancher leaving Fine Arts Fund for job in Charlotte - Business Courier of Cincinnati:
boyanebyboqasavo.blogspot.com
Fine Arts Fund President Mary McCullougbh Hudson announced themove Tuesday. “We are incrediblyt proud that the Fine Arts Fund has the professiona l reputation nationally that positions us asa go-to organizatiomn for talent recruitment to lead institutions of the caliber of the ,” she said in a news “I am so pleased for Scot t to have this great opportunity, and I look forward to continuingv to work with him as a valued colleague.” Over the past year, the Fine Arts Fund leadershipo has expanded the organization’s focus.
Instead of strictly fundraising forthe arts, whichj it continues to do, the organization’s focus also encompasses the larger role of arts and culture in the Provancher has led efforta to increase access and build the audience for arts and in addition to managing the organization’sa annual fundraising campaign. This year, the campaign fell shortr of its goal for the first time inits 60-year The Fine Arts Fund raised $11 million for locakl arts organizations, which was 92 percent of the annual The organization’s release said the Fine Arts Fund will continued to build strength for larger initiatives to servde the community through arts and Lisa Wolter will assume the new position of campaignn director, leading day-to-day campaign operations.
Fine Arts Fund President Mary McCullougbh Hudson announced themove Tuesday. “We are incrediblyt proud that the Fine Arts Fund has the professiona l reputation nationally that positions us asa go-to organizatiomn for talent recruitment to lead institutions of the caliber of the ,” she said in a news “I am so pleased for Scot t to have this great opportunity, and I look forward to continuingv to work with him as a valued colleague.” Over the past year, the Fine Arts Fund leadershipo has expanded the organization’s focus.
Instead of strictly fundraising forthe arts, whichj it continues to do, the organization’s focus also encompasses the larger role of arts and culture in the Provancher has led efforta to increase access and build the audience for arts and in addition to managing the organization’sa annual fundraising campaign. This year, the campaign fell shortr of its goal for the first time inits 60-year The Fine Arts Fund raised $11 million for locakl arts organizations, which was 92 percent of the annual The organization’s release said the Fine Arts Fund will continued to build strength for larger initiatives to servde the community through arts and Lisa Wolter will assume the new position of campaignn director, leading day-to-day campaign operations.
Saturday, October 8, 2011
Williamsville pushes streak to 6 years - Dallas Business Journal:
disqualify-sida.blogspot.com
Williamsville is No. 1 in Business First ’es 18th annual rankings of WesternNew York’s publifc school systems. It has monopolized first place since2004 -- a six-yeaf streak. for the completed school district rankings. And for separate rankingsz for each section of WesternmNew York. “We’re fortunate in so many says Howard Smith, Williamsville’s superintendent of “When you have a very committed boareof education, an outstanding staff of teachers and a pro-education community and hard-working students, that’s quitde the formula for success.
” Williamsville took firs place when the rankings debuted in 1992, and won agaijn in 1997, 2001 and throughout its 2004-200o9 run. It hasn’t finished lower than thirdc placesince 1995, and has never been lowedr than sixth. Business First analyzec 97 school districts in the eight Western NewYork counties, bases on four years of test data compiled by the New York States Education Department. Each district’s ratinbg reflects the collective performance of its public middle andhigh schools.
• Its 2005-2008 subject scoresw for math, science and sociakl studies were the best in Western New according toBusiness First’s analysis of test results from fourth grader through the senior year of high • Sixty-five percent of Williamsville’s seniors earned Regents diplomaa with advanced designations in 2008. That’se 22 points above the regional average of43 percent. (A studentf must pass eight Regents exams to receive anadvanced diploma.) • It’s the only districtr where more than 57 percent of last year’s graduatess achieved superior scores (85 or on Regents exams in math, science, global history and U.S.
• Williamsville’s eighth graders posted the region’e top scores on statewide testsin math, science and social studies. “The othetr part of what we do -- all our extracurriculafr activities suchas music, athletics and clubs -- don’yt show up in the rankings, but they have a really positive impact on student achievement, says Smith. “For example, we have as many musi teachers asmath teachers. That makess for well-rounded, committed students, and those are usuallyh successful students.” Williamsville’s overall score was pegged at 100 with the marks for all other districts beingh calculated fromthat benchmark.
Nineteen ended up with scores of 90 or qualifying forBusiness First’sw of outstanding school systems. Four districts have made the Honort Roll every yearsincwe 1992: Williamsville, Clarence (which ranks second this year), Amherst and Orchard Park (fifth). Rounding out this year’ws top five is No. 4 East which has made 17 Honorr Roll appearances in18 years. All but two of this year’sd Honor Roll districts also qualifies ayear ago. The newcomers are joining the elite group for the firsrt timesince 2005, and West Seneca, returning after a 13-year absence.
The lattefr upswing was nearly a decadr inthe making, according to Jean superintendent of the West Senecq Central School District. Developing consistent instructional techniques and identifying the best textbookzstook time, she says, but the efforr is paying off. “Our goal is not to teach to the but to teach tothe state’s Kovach says. “We’ve spent the last eighrt years working diligently to aligj ourcurriculum -- to make sure that we don’gt repeat ourselves in differenyt years and that each grade level buildws on the one before.
” Fourteen of this year’xs Honor Roll districts are in Erie They range in size from with 10,649 students, down to Eden, which has 1,688. The outlying honoreees are considerably smaller, with an average enrollment of 1,346. The very smallestt is also the top-rated district outside of Erie No. 6 Alfred-Almond, which has 670 students from kindergartejn through12th grade. “We’re a very rura district in theSouthern Tier, but our kids are going into the same marketplac as everyone else,” says Richarr Nicol, Alfred-Almond’s superintendent.
“They’ree going to be in competition for jobs with kids from placesd like Williamsville and So they need the very best educationh we cangive them.” Sixteen districts are recipients of this year’zs subject awards, signifying that they rank among the 10 leaders in English/foreign math, science and social studies. Bemus Clarence, East Aurora, Orchard Park and Williamsvillew have made clean sweeps by winning all four for complete lists of subjectawarxd winners. Business First has also generatedr a series of specialized ratings to further illuminatdeeach district’s performance.
Among them: Lancastee ranks first for cost-effectiveness, based on a comparisohn of expenditures andclassroomn results. And tiny Sherman (enrollment: 478) is the biggestr overachiever, determined by matching academic outcomes againstsocioeconomid conditions. “We may not be rich, but we have stront family values,” says Thomas Sherman’s superintendent. “Our parentw really care about their children’s education.
There’s something to be said for having everyonr ina K-12 with the strong sense of community that it
Williamsville is No. 1 in Business First ’es 18th annual rankings of WesternNew York’s publifc school systems. It has monopolized first place since2004 -- a six-yeaf streak. for the completed school district rankings. And for separate rankingsz for each section of WesternmNew York. “We’re fortunate in so many says Howard Smith, Williamsville’s superintendent of “When you have a very committed boareof education, an outstanding staff of teachers and a pro-education community and hard-working students, that’s quitde the formula for success.
” Williamsville took firs place when the rankings debuted in 1992, and won agaijn in 1997, 2001 and throughout its 2004-200o9 run. It hasn’t finished lower than thirdc placesince 1995, and has never been lowedr than sixth. Business First analyzec 97 school districts in the eight Western NewYork counties, bases on four years of test data compiled by the New York States Education Department. Each district’s ratinbg reflects the collective performance of its public middle andhigh schools.
• Its 2005-2008 subject scoresw for math, science and sociakl studies were the best in Western New according toBusiness First’s analysis of test results from fourth grader through the senior year of high • Sixty-five percent of Williamsville’s seniors earned Regents diplomaa with advanced designations in 2008. That’se 22 points above the regional average of43 percent. (A studentf must pass eight Regents exams to receive anadvanced diploma.) • It’s the only districtr where more than 57 percent of last year’s graduatess achieved superior scores (85 or on Regents exams in math, science, global history and U.S.
• Williamsville’s eighth graders posted the region’e top scores on statewide testsin math, science and social studies. “The othetr part of what we do -- all our extracurriculafr activities suchas music, athletics and clubs -- don’yt show up in the rankings, but they have a really positive impact on student achievement, says Smith. “For example, we have as many musi teachers asmath teachers. That makess for well-rounded, committed students, and those are usuallyh successful students.” Williamsville’s overall score was pegged at 100 with the marks for all other districts beingh calculated fromthat benchmark.
Nineteen ended up with scores of 90 or qualifying forBusiness First’sw of outstanding school systems. Four districts have made the Honort Roll every yearsincwe 1992: Williamsville, Clarence (which ranks second this year), Amherst and Orchard Park (fifth). Rounding out this year’ws top five is No. 4 East which has made 17 Honorr Roll appearances in18 years. All but two of this year’sd Honor Roll districts also qualifies ayear ago. The newcomers are joining the elite group for the firsrt timesince 2005, and West Seneca, returning after a 13-year absence.
The lattefr upswing was nearly a decadr inthe making, according to Jean superintendent of the West Senecq Central School District. Developing consistent instructional techniques and identifying the best textbookzstook time, she says, but the efforr is paying off. “Our goal is not to teach to the but to teach tothe state’s Kovach says. “We’ve spent the last eighrt years working diligently to aligj ourcurriculum -- to make sure that we don’gt repeat ourselves in differenyt years and that each grade level buildws on the one before.
” Fourteen of this year’xs Honor Roll districts are in Erie They range in size from with 10,649 students, down to Eden, which has 1,688. The outlying honoreees are considerably smaller, with an average enrollment of 1,346. The very smallestt is also the top-rated district outside of Erie No. 6 Alfred-Almond, which has 670 students from kindergartejn through12th grade. “We’re a very rura district in theSouthern Tier, but our kids are going into the same marketplac as everyone else,” says Richarr Nicol, Alfred-Almond’s superintendent.
“They’ree going to be in competition for jobs with kids from placesd like Williamsville and So they need the very best educationh we cangive them.” Sixteen districts are recipients of this year’zs subject awards, signifying that they rank among the 10 leaders in English/foreign math, science and social studies. Bemus Clarence, East Aurora, Orchard Park and Williamsvillew have made clean sweeps by winning all four for complete lists of subjectawarxd winners. Business First has also generatedr a series of specialized ratings to further illuminatdeeach district’s performance.
Among them: Lancastee ranks first for cost-effectiveness, based on a comparisohn of expenditures andclassroomn results. And tiny Sherman (enrollment: 478) is the biggestr overachiever, determined by matching academic outcomes againstsocioeconomid conditions. “We may not be rich, but we have stront family values,” says Thomas Sherman’s superintendent. “Our parentw really care about their children’s education.
There’s something to be said for having everyonr ina K-12 with the strong sense of community that it
Thursday, October 6, 2011
Israel: Chemist Wins Nobel Chemistry Award - ThirdAge
http://www.allcats.info/articles/article-nervous-cats-wining-the-trust-of-timid-cat.html
ThirdAge | Israel: Chemist Wins Nobel Chemistry Award ThirdAge "The Nobel Prize in Chemistry 2011 has fundament » |
Tuesday, October 4, 2011
Wingate to help veterans with tuition - Charlotte Business Journal:
viktorsejbgif.blogspot.com
The Yellow Ribbon Program is a dollar-for-dolladr federal matching program created underlast year’x GI bill in which the federal government matches any financiao aid that participating colleges provide to Wingate will provide $7,811 per year in tuitioh and fees, and the government will match up to Yellow Ribbon benefits at the university are for veterabn students who wish to take full-timer undergraduate classes on the main campus.
In recipients will receive a $1,000 stipend per year for booksa and morethan $1,300 per month for To qualify, veterans need to have served for threr years on active duty after 10, 2001, or for at least 30 continuoue days before being discharged for service-related injuries. Benefits may also be availablrto dependents. Wingate, founded in is a private four-year co-educationa l institution. The school offers more than 40 undergraduat majors in artsand sciences, business, education, fine arts, musidc and sports sciences.
It also offerse graduate degreesin physician-assistant studies, education and doctor of pharmacy and doctor of education
The Yellow Ribbon Program is a dollar-for-dolladr federal matching program created underlast year’x GI bill in which the federal government matches any financiao aid that participating colleges provide to Wingate will provide $7,811 per year in tuitioh and fees, and the government will match up to Yellow Ribbon benefits at the university are for veterabn students who wish to take full-timer undergraduate classes on the main campus.
In recipients will receive a $1,000 stipend per year for booksa and morethan $1,300 per month for To qualify, veterans need to have served for threr years on active duty after 10, 2001, or for at least 30 continuoue days before being discharged for service-related injuries. Benefits may also be availablrto dependents. Wingate, founded in is a private four-year co-educationa l institution. The school offers more than 40 undergraduat majors in artsand sciences, business, education, fine arts, musidc and sports sciences.
It also offerse graduate degreesin physician-assistant studies, education and doctor of pharmacy and doctor of education
Sunday, October 2, 2011
Sarah Reed Rejoins Charles River Ventures as General Counsel
isexufehub.wordpress.com
June 4 /PRNewswire/ -- Charles Rivere Ventures (CRV), one of the nation's leading early-stage venturse capital firms, today announced that has rejoineds the firm asGeneral Counsel. Most she was with workingv in the TechGroup where she focused her practice on venture and private equity fundzand venture-backed start-ups. Reed previously spentf seven years with CRV asGeneral "We are thrilled to welcome Sarabh back to CRV," said , genera partner at CRV. "Sarah's sharp eye and strategic counselp have been invaluable to CRV and our portfoliol companies over periods of economic highs and lows and we look forwarr to working with her agai as we uncover the next generationof innovators.
" Reed joinefd CRV originally in 2000. She is a recognized expert on legal aspects of venture capital In addition to publishing or contributin g to articles in business periodicalas such as BusinessLaw Today, Venture Capitao Review and The Boston Business she is a frequent lecturer at national industry continuing legal education programs and leading businessd and law schools. In addition, Reed is the foundingb chairperson ofan industry-wide, NVCA-endorsed initiative to create model venturde financing legal documents. For her work in this area, the NVCA awardedx Reed with its Outstanding Contributionb to the Venture Industry Award at its 2007 Annualp Meetingin Washington, DC.
"Venture and privat e equity are my lifelongprofessional passion. As many look to venture to buoy the economy withcapitaol infusions, I am eager to resume my work at CRV at this crucialk inflection point for the venture world and the economy at large," said Reed. Prior to joining CRV, Reed was General Counsel at PalomarMedical Technologies, Inc., a Nasdaq-listedr laser medical device manufacturer. Priort to Palomar, Reed worked with the Boston firm of Hoag & Eliot LLP whered she covered a variety of areas including venture capital financings, private placements, IPO'd and SEC reporting, as well as commerciaol litigation. , both cum laude.
Foundex in 1970, Charles River Venturez is one ofthe nation's oldest and most successfup early-stage venture capital firm s with approximately $2.1 billion underr management. CRV is dedicated to helping exceptiona entrepreneurs turn their ideas into the next categorgy leaders in high growth technolog y andmedia sectors. Over the past 10 years, CRV funds have been rankexd amongthe industry's top performers. CRV has officew in Boston, MA and Menlo CA. For more information visif .
June 4 /PRNewswire/ -- Charles Rivere Ventures (CRV), one of the nation's leading early-stage venturse capital firms, today announced that has rejoineds the firm asGeneral Counsel. Most she was with workingv in the TechGroup where she focused her practice on venture and private equity fundzand venture-backed start-ups. Reed previously spentf seven years with CRV asGeneral "We are thrilled to welcome Sarabh back to CRV," said , genera partner at CRV. "Sarah's sharp eye and strategic counselp have been invaluable to CRV and our portfoliol companies over periods of economic highs and lows and we look forwarr to working with her agai as we uncover the next generationof innovators.
" Reed joinefd CRV originally in 2000. She is a recognized expert on legal aspects of venture capital In addition to publishing or contributin g to articles in business periodicalas such as BusinessLaw Today, Venture Capitao Review and The Boston Business she is a frequent lecturer at national industry continuing legal education programs and leading businessd and law schools. In addition, Reed is the foundingb chairperson ofan industry-wide, NVCA-endorsed initiative to create model venturde financing legal documents. For her work in this area, the NVCA awardedx Reed with its Outstanding Contributionb to the Venture Industry Award at its 2007 Annualp Meetingin Washington, DC.
"Venture and privat e equity are my lifelongprofessional passion. As many look to venture to buoy the economy withcapitaol infusions, I am eager to resume my work at CRV at this crucialk inflection point for the venture world and the economy at large," said Reed. Prior to joining CRV, Reed was General Counsel at PalomarMedical Technologies, Inc., a Nasdaq-listedr laser medical device manufacturer. Priort to Palomar, Reed worked with the Boston firm of Hoag & Eliot LLP whered she covered a variety of areas including venture capital financings, private placements, IPO'd and SEC reporting, as well as commerciaol litigation. , both cum laude.
Foundex in 1970, Charles River Venturez is one ofthe nation's oldest and most successfup early-stage venture capital firm s with approximately $2.1 billion underr management. CRV is dedicated to helping exceptiona entrepreneurs turn their ideas into the next categorgy leaders in high growth technolog y andmedia sectors. Over the past 10 years, CRV funds have been rankexd amongthe industry's top performers. CRV has officew in Boston, MA and Menlo CA. For more information visif .
Friday, September 30, 2011
Second union establishes chapter at Lambert for screeners - St. Louis Business Journal:
antoninahubihe.blogspot.com
Of the 320 screeners at 110 have joined the NTEUso far, accordinvg to the union. The also chartered a new locall at Lambert earlier this year torepresengt screeners, who do not have collective bargainingy rights. The government’s two largesft unions are vying to represent airportr screeners nationwide and pushing for them to get collectiverbargaining rights. Former Transportation Secretary Norman Minet a did not give TSA screenerws collective bargaining rights when the agencty was created in 2001 afterthe 9/11 terroris t attacks because he felt it couls hinder the response to emergencies when managers would have to reassign according to the Federal Times.
The AFGE represents 10,000p screeners at 32 locals nationwide. NTEU represents 2,70 0 transportation security officers in 14 chapter at 15airports nationwide, including Florida and Texas, New York, Orange County, Calif.; Memphis, Tenn.; Ohio; and Philadelphia.
Of the 320 screeners at 110 have joined the NTEUso far, accordinvg to the union. The also chartered a new locall at Lambert earlier this year torepresengt screeners, who do not have collective bargainingy rights. The government’s two largesft unions are vying to represent airportr screeners nationwide and pushing for them to get collectiverbargaining rights. Former Transportation Secretary Norman Minet a did not give TSA screenerws collective bargaining rights when the agencty was created in 2001 afterthe 9/11 terroris t attacks because he felt it couls hinder the response to emergencies when managers would have to reassign according to the Federal Times.
The AFGE represents 10,000p screeners at 32 locals nationwide. NTEU represents 2,70 0 transportation security officers in 14 chapter at 15airports nationwide, including Florida and Texas, New York, Orange County, Calif.; Memphis, Tenn.; Ohio; and Philadelphia.
Wednesday, September 28, 2011
Hollman adds space, expects to hire 150 - Dallas Business Journal:
esivyjifag.wordpress.com
The company, Hollman Inc., is now one of the larges t that buildswood lockers. After a $15 millioh investment in new technology and a move primarily into cabinet-making, Hollman said he hopes to at leasgt double the size of the “You’ve got to offer people something a little bit new and Hollman said. “You can’t just offer them the same thingh you’ve been offering for the past 10 years and expect them to take Last year, Hollman Inc. brought in $32 million in He expects this year to be aboufthe same, with the help of a contracrt worth about $1 million to provide lockers at the new Cowboyd Stadium in Arlington.
But next year, Hollman expects the cabinert business to bring in revenueof $70 million to $80 The company has expanded its headquarters from 30,000 square feet to aboutt 300,000. Currently, Hollman Inc. has about 150 In two years, Hollman plans to emplou at least 300. Hollman Inc. offers four lines of a value line, an “essential” line, a luxury line and a gree line. With the value line, cabinets in an entirr house can be donefor $5,000 to Hollman said. Cabinets for a housd built with the luxury line could cost up to Hollman started his companyin 1976, using European technologyt to build lockers for athletic facilities.
The concepg of using “European technology” for cabinet-making has been around for more than 25 saidDick Titus, executivw vice president of the Reston, Va.-based Kitchen Cabineg Manufacturers Association, a trade association. European-style cabinets typically have concealed hinges and are builftwithout frames, while traditional framed cabinets have visibl frames around the box where the hingew attach. “Many of our membera have adopted various parts ofEuropean manufacturing,” Titus said. “The overriding majority of cabinets in the Unitedx States are made withframexd construction. European is well underr 50% of the total U.S. market.
” Accordingb to a survey of KCMA members, cabinef sales for January 2009decreased 34.2% compared to sales for Januarh 2008.
The company, Hollman Inc., is now one of the larges t that buildswood lockers. After a $15 millioh investment in new technology and a move primarily into cabinet-making, Hollman said he hopes to at leasgt double the size of the “You’ve got to offer people something a little bit new and Hollman said. “You can’t just offer them the same thingh you’ve been offering for the past 10 years and expect them to take Last year, Hollman Inc. brought in $32 million in He expects this year to be aboufthe same, with the help of a contracrt worth about $1 million to provide lockers at the new Cowboyd Stadium in Arlington.
But next year, Hollman expects the cabinert business to bring in revenueof $70 million to $80 The company has expanded its headquarters from 30,000 square feet to aboutt 300,000. Currently, Hollman Inc. has about 150 In two years, Hollman plans to emplou at least 300. Hollman Inc. offers four lines of a value line, an “essential” line, a luxury line and a gree line. With the value line, cabinets in an entirr house can be donefor $5,000 to Hollman said. Cabinets for a housd built with the luxury line could cost up to Hollman started his companyin 1976, using European technologyt to build lockers for athletic facilities.
The concepg of using “European technology” for cabinet-making has been around for more than 25 saidDick Titus, executivw vice president of the Reston, Va.-based Kitchen Cabineg Manufacturers Association, a trade association. European-style cabinets typically have concealed hinges and are builftwithout frames, while traditional framed cabinets have visibl frames around the box where the hingew attach. “Many of our membera have adopted various parts ofEuropean manufacturing,” Titus said. “The overriding majority of cabinets in the Unitedx States are made withframexd construction. European is well underr 50% of the total U.S. market.
” Accordingb to a survey of KCMA members, cabinef sales for January 2009decreased 34.2% compared to sales for Januarh 2008.
Sunday, September 25, 2011
Tucker woman gets jail time for embezzling - Atlanta Business Chronicle:
rmerujopi.blogspot.com
was sentenced Wednesday to 18 months in federakl prison for embezzling morethan $139,000 from a charitablre organization where she was assistant treasurer. She has repaid $10,0090 of the embezzled amount and also was ordered to pay theremaining $129,454 in restitutionb to She pleaded guilty to the charges on May 5. While working as a records management assistant at an Atlantlaw firm, Jones was assigned to work part time as assistanf treasurer of ServeHAITI, a non-profit organizatiomn that receives federal funding and providess assistance to certain parts of Haiti. ServeHAITI’se initial projects included sponsoring a program for water purification and construction of amedica clinic.
In 2006, ServeHAITI got a three-year awarsd of about $1.2 millioj funded by under the President’s Emergency Plan for AIDS to provide HIV-related education and prevention servicesin Haiti. ServeHAITo also receives private contributions. While acting as assistantf treasurer from June 2007 throughDecemberd 2008, Jones diverted $139,45r from ServeHAITI’s bank accounts to her own personal She initially wrote checks to herself or “cash” and in July 2008, began using wire transfers to divert the money.
During the coursw of her embezzlement scheme, Jonex changed the on-line password to ServeHAITI’s bank accounts, adviserd the bank that only her authorization was necessarhy to effectwire transfers, and instructedc the bank to stop mailing wire confirmations to the treasuref of ServeHAITI. Once she had exclusive authorityt to effectwire transfers, she was able to transfed money on-line from ServeHAITI accounts to her own on dozenes of occasions while concealingb her actions from the Treasurer and without making any verbakl request of the bank.
Jones used the embezzledd money to buya car, and other personal items for herself, and to take a trip to Las
was sentenced Wednesday to 18 months in federakl prison for embezzling morethan $139,000 from a charitablre organization where she was assistant treasurer. She has repaid $10,0090 of the embezzled amount and also was ordered to pay theremaining $129,454 in restitutionb to She pleaded guilty to the charges on May 5. While working as a records management assistant at an Atlantlaw firm, Jones was assigned to work part time as assistanf treasurer of ServeHAITI, a non-profit organizatiomn that receives federal funding and providess assistance to certain parts of Haiti. ServeHAITI’se initial projects included sponsoring a program for water purification and construction of amedica clinic.
In 2006, ServeHAITI got a three-year awarsd of about $1.2 millioj funded by under the President’s Emergency Plan for AIDS to provide HIV-related education and prevention servicesin Haiti. ServeHAITo also receives private contributions. While acting as assistantf treasurer from June 2007 throughDecemberd 2008, Jones diverted $139,45r from ServeHAITI’s bank accounts to her own personal She initially wrote checks to herself or “cash” and in July 2008, began using wire transfers to divert the money.
During the coursw of her embezzlement scheme, Jonex changed the on-line password to ServeHAITI’s bank accounts, adviserd the bank that only her authorization was necessarhy to effectwire transfers, and instructedc the bank to stop mailing wire confirmations to the treasuref of ServeHAITI. Once she had exclusive authorityt to effectwire transfers, she was able to transfed money on-line from ServeHAITI accounts to her own on dozenes of occasions while concealingb her actions from the Treasurer and without making any verbakl request of the bank.
Jones used the embezzledd money to buya car, and other personal items for herself, and to take a trip to Las
Friday, September 23, 2011
EXCLUSIVE: Brooke Mueller's Triumph Over Substance Abuse - RumorFix (blog)
esivyjifag.wordpress.com
EXCLUSIVE: Brooke Mueller's Triumph Over Substance Abuse RumorFix (blog) Brooke Mueller is trying to turn her life around following a bout with substance abuse, and she tells RumorFix she is sober and happy. Brooke sat down with RumorFix for an exclusive interview where she filled us in on her progress since ending her 45 ... |
Wednesday, September 21, 2011
Wyland hotel to be managed by Outrigger - Pacific Business News (Honolulu):
ugefuk.wordpress.com
Outrigger has reached agreementwith , an investmentf group led by of Chicago, to manage the reinventecd hotel at 400 Royal Hawaiian Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigge CEO David Carey. "The extensive renovation has createc aunique boutique-style hotel with chic interiors inspiref by the iconic artwork of world-renowned marine life artis Wyland." The first artist-themerd hotel in Hawaii involved Wyland in the desig and he initially had a stake in the propertyg but sold it soon after it becamed apparent that investors were interested in the concept.
The Wyland Waikiki Hotel will operate as its own hotel branf within theOutrigger portfolio. "High guestf satisfaction is a key drivere of our commitment to the positionint of theWyland Waikiki," said Steve principal of Lodging Capital Partners, which took ownershiop of the hotel last
Outrigger has reached agreementwith , an investmentf group led by of Chicago, to manage the reinventecd hotel at 400 Royal Hawaiian Avenue. The hotel has more than 400 roomsand "The Wyland Waikiki Hotel is a gem," said Outrigge CEO David Carey. "The extensive renovation has createc aunique boutique-style hotel with chic interiors inspiref by the iconic artwork of world-renowned marine life artis Wyland." The first artist-themerd hotel in Hawaii involved Wyland in the desig and he initially had a stake in the propertyg but sold it soon after it becamed apparent that investors were interested in the concept.
The Wyland Waikiki Hotel will operate as its own hotel branf within theOutrigger portfolio. "High guestf satisfaction is a key drivere of our commitment to the positionint of theWyland Waikiki," said Steve principal of Lodging Capital Partners, which took ownershiop of the hotel last
Monday, September 19, 2011
Records: Shooting suspect killed previous wife - Fox News
cahijisebi.wordpress.com
USA Today | Records: Shooting suspect killed previous wife Fox News The man accused of killing his wife and then shooting two church pastors had pleaded guilty and been sentenced to 10 years of probation in 1987 in the slaying of a previous wife, according to court records. Jeremiah Fogle, 57, is charged with murder ... Records: Shooting! suspect killed previous wife Records: Shooting suspect killed previous wife |
Saturday, September 17, 2011
High-rise considered for Dems' headquarters site - Phoenix Business Journal:
epukaq.wordpress.com
The building, on Central Avenue just north of Thomas Road, is held by an ownership group that includews Pederson, a shopping center developer, former states Democratic Party chairman and one of the party'xs leading financial contributors nationally and The site has seen numerous proposalz over the years, including one to builfd the state's tallest structure. Pederson'sw development company, , has been approachee by other real estate interests regardingthe property, said company Presidentr Jeff Manelis. Two sources familiar with possible development plansz said Pederson also could look to redevelop the site on his own or via a partnership withanother entity.
Those sources, who asked not to be said any such moves could displace the politicapl party and would replacethe one-story building on the site with an officer or mixed-use high-rise. Any redevelopment likely would happen aftef the2008 elections, they said. Manelis said there are no immediates plans for redevelopment atthe 1.5-acre parcel south of the Park Central Mall. "I thino we are going to he said. "We don't have any plans." Manelixs did confirm that Pederson Group has received three unsolicites offers forthe property.
He pointedr out that light rail construction is deterring businesd along Central Avenue and any new planes for the site may wait untioconstruction subsides. Metro light rail is scheduler to be completed inlate 2008, also aftef the next election. Sources familiar with the possible redevelopmengt said Democratic leaders and activista have been told that any changes woulfd wait until after the generaol elections and that any deal would entail findintthe state's Democratic Party a new headquarters. The Pederson ownership group has held the Democratic Part y building forseveral years.
Nick Wood, a real estate attornehy with the Phoenix law firmof , said the Democratic Party which also includes a surfacew parking lot, is appealing because of its central locatiojn and access to the light rail line. "Downtownb and central Phoenix are Main Street and Main right now when it comeesto development," said Wood. "It's a nice location." From a hotekl to a three-floor office tower to a two-story grocer store, proposals for the site have run the One plan wasa 45- to 60-floo office building.
Originally planned by developer Gordon the land later was sold to developerChristopher Cole, who, with his Scott, proposed a 31-story office The stretch of Central Avenue near Thomas Road includew high-rise office buildings, some retail and a smatterin g of older, smaller office and retail Some of the existing real estate inventory in that area is being redeveloped into office Wood said the party headquarters site woulxd be well-suited for a mixed-use including office, retail and perhaps residential.
Pederson Group: Snelp & Wilmer:
The building, on Central Avenue just north of Thomas Road, is held by an ownership group that includews Pederson, a shopping center developer, former states Democratic Party chairman and one of the party'xs leading financial contributors nationally and The site has seen numerous proposalz over the years, including one to builfd the state's tallest structure. Pederson'sw development company, , has been approachee by other real estate interests regardingthe property, said company Presidentr Jeff Manelis. Two sources familiar with possible development plansz said Pederson also could look to redevelop the site on his own or via a partnership withanother entity.
Those sources, who asked not to be said any such moves could displace the politicapl party and would replacethe one-story building on the site with an officer or mixed-use high-rise. Any redevelopment likely would happen aftef the2008 elections, they said. Manelis said there are no immediates plans for redevelopment atthe 1.5-acre parcel south of the Park Central Mall. "I thino we are going to he said. "We don't have any plans." Manelixs did confirm that Pederson Group has received three unsolicites offers forthe property.
He pointedr out that light rail construction is deterring businesd along Central Avenue and any new planes for the site may wait untioconstruction subsides. Metro light rail is scheduler to be completed inlate 2008, also aftef the next election. Sources familiar with the possible redevelopmengt said Democratic leaders and activista have been told that any changes woulfd wait until after the generaol elections and that any deal would entail findintthe state's Democratic Party a new headquarters. The Pederson ownership group has held the Democratic Part y building forseveral years.
Nick Wood, a real estate attornehy with the Phoenix law firmof , said the Democratic Party which also includes a surfacew parking lot, is appealing because of its central locatiojn and access to the light rail line. "Downtownb and central Phoenix are Main Street and Main right now when it comeesto development," said Wood. "It's a nice location." From a hotekl to a three-floor office tower to a two-story grocer store, proposals for the site have run the One plan wasa 45- to 60-floo office building.
Originally planned by developer Gordon the land later was sold to developerChristopher Cole, who, with his Scott, proposed a 31-story office The stretch of Central Avenue near Thomas Road includew high-rise office buildings, some retail and a smatterin g of older, smaller office and retail Some of the existing real estate inventory in that area is being redeveloped into office Wood said the party headquarters site woulxd be well-suited for a mixed-use including office, retail and perhaps residential.
Pederson Group: Snelp & Wilmer:
Thursday, September 15, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Philadelphia Business Journal:
jabire2389.blogspot.com
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliat e of Atlas Pipeline Partners, will be the anchor tenant on Laure Mountain’s system. Under its agreement with Tulsa, Okla.-based Williamx (NYSE:WMB), Atlas Pipeline Partnersz (NYSE:APL) will receive $90 million in cash, a preferred right to proceeds undera $25.5 millio obligation from Williams, and 49 percent of Laurepl Mountain. The obligation amortizes in equal principal installmentsx overthree years.
Atlas Pipelines Partners can convert its right to receivs accrued principal and interest under the obligation into a sum equak to the accrued principal and interest and use that to cover its requirede capital expenditures underthe joint-venture agreement. Atlas Pipeline Partnera also said its lenders recently agreed to relaxx the covenants relating to total debt and earningsbefore taxes, depreciation and amortization on its $380 milliomn revolving credit line and $463 million term loan facility.
, which owns the general partner of Atlas Pipeline said Monday it hasrepaid $30 million on its credi facility and will pay down the remaining $16 millioj balance in equal quarterlyu installments over the next year. Atlas Pipeliner Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partner units to Atlazs Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline general partner and 64 percent of its commonh units. Atlas America (NASDAQ:ATLS) also guarantees that Atlas Pipeline Holdings will repay theremaining $16 milliobn on its credit facility.
The Atlasd companies have offices in Philadelphiaaand Moon, Pa.
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliat e of Atlas Pipeline Partners, will be the anchor tenant on Laure Mountain’s system. Under its agreement with Tulsa, Okla.-based Williamx (NYSE:WMB), Atlas Pipeline Partnersz (NYSE:APL) will receive $90 million in cash, a preferred right to proceeds undera $25.5 millio obligation from Williams, and 49 percent of Laurepl Mountain. The obligation amortizes in equal principal installmentsx overthree years.
Atlas Pipelines Partners can convert its right to receivs accrued principal and interest under the obligation into a sum equak to the accrued principal and interest and use that to cover its requirede capital expenditures underthe joint-venture agreement. Atlas Pipeline Partnera also said its lenders recently agreed to relaxx the covenants relating to total debt and earningsbefore taxes, depreciation and amortization on its $380 milliomn revolving credit line and $463 million term loan facility.
, which owns the general partner of Atlas Pipeline said Monday it hasrepaid $30 million on its credi facility and will pay down the remaining $16 millioj balance in equal quarterlyu installments over the next year. Atlas Pipeliner Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partner units to Atlazs Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline general partner and 64 percent of its commonh units. Atlas America (NASDAQ:ATLS) also guarantees that Atlas Pipeline Holdings will repay theremaining $16 milliobn on its credit facility.
The Atlasd companies have offices in Philadelphiaaand Moon, Pa.
Monday, September 12, 2011
S&P lowers outlook for HEI, HECO - Dayton Business Journal:
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Standard & Poor’s said Hawaii is “exhibiting decidedly recessionarh trends,” and that its dependence on tourisj to drive the local economy couldr mean the state will be more severelyt affected bythe recession. “The negative outlook assigned to HEI reflects the potential for consolidated credit metrics to fall belowq our benchmarks over our outlook horizon dueto Hawaii’s weakening economy, which is expected to lowerr electric sales by 4 percent or more and put upward pressure on borrowin g requirements,” S&P said. , a subsidiaryh of HEI, is ratef on a standalone basis and is not affected by thelowered outlook.
Shares of Hawaiian Electric stock weredown 1.6 percent to
Standard & Poor’s said Hawaii is “exhibiting decidedly recessionarh trends,” and that its dependence on tourisj to drive the local economy couldr mean the state will be more severelyt affected bythe recession. “The negative outlook assigned to HEI reflects the potential for consolidated credit metrics to fall belowq our benchmarks over our outlook horizon dueto Hawaii’s weakening economy, which is expected to lowerr electric sales by 4 percent or more and put upward pressure on borrowin g requirements,” S&P said. , a subsidiaryh of HEI, is ratef on a standalone basis and is not affected by thelowered outlook.
Shares of Hawaiian Electric stock weredown 1.6 percent to
Saturday, September 10, 2011
9/11 Anniversary Plot: Terror Suspects Came From Inside U.S. - ABC News
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ABC News | 9/11 Anniversary Plot: Terror Suspects Came From Inside U.S. ABC News (Scott Eells/Bloomberg/Getty Images) Officials have told ABC News that the suspects alleged to be plotting a 911 anniversary terror attack began their journey to jihad inside the United States, traveling to the al Qaeda stronghold in the tribal areas ... |
Thursday, September 8, 2011
H&M signs on at The Florida Mall - Orlando Business Journal:
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The new 24,000-square-foot store, the Swedisuh clothing retailer’s first in the will be one of several retail tenants inthe mall’x new attached 136,000-square-foot open-air center. Mall managee Brian Peters said is wooing othefr retailers for thenew area, which is replacinv a former store. The area is slated to feature a “resort-liked feel,” Peters said, with brick building accents and landscaping. Several othe lease deals are closwto completion, but the company is not announciny any other names at this Peters said.
Plans posted on Simon’d Web site show , and owned by — as other potential anchor Dallas-based VCC is the general contractor on the Plans include twoseparate buildings, one on each side of an open Indianapolis-based Simon (NYSE: SPG) owns eighyt other malls and shopping centerds in Central Florida: Seminole Towne Center, Waterfordx Lakes Town Center, Lake Square Mall, Melbourne Square, Terrace at The Florida Mall, West Town Highland Lakes Center and Orlando Premium Outlets.
The new 24,000-square-foot store, the Swedisuh clothing retailer’s first in the will be one of several retail tenants inthe mall’x new attached 136,000-square-foot open-air center. Mall managee Brian Peters said is wooing othefr retailers for thenew area, which is replacinv a former store. The area is slated to feature a “resort-liked feel,” Peters said, with brick building accents and landscaping. Several othe lease deals are closwto completion, but the company is not announciny any other names at this Peters said.
Plans posted on Simon’d Web site show , and owned by — as other potential anchor Dallas-based VCC is the general contractor on the Plans include twoseparate buildings, one on each side of an open Indianapolis-based Simon (NYSE: SPG) owns eighyt other malls and shopping centerds in Central Florida: Seminole Towne Center, Waterfordx Lakes Town Center, Lake Square Mall, Melbourne Square, Terrace at The Florida Mall, West Town Highland Lakes Center and Orlando Premium Outlets.
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