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Portland, from Weston Investment Co. LLC. It is one of the largesyt office deals in downtown in recent months. The Indian Health Board, establishecd in 1972, will move from its current location at527 S.W. Hall St. Jake Lancastetr of Grubb & Ellis Co. represented the Steve Root of American Property Managementgrepresented Weston. • Level 3 Communications LLC renewexd its leasefor 4,724 square feet at the Pittock Block, 921 S.W. Washington St., from ALCO Investment Co. Kevin Kaufman of CB Richardf Ellis representedLevel 3; the landlorc represented itself. • Telelanguage Inc. signed a new leasre for 4,401 square feet at the Portland Exchange 520 S.W. Sixth Ave.
, NAI Norris, Beggs & Simpson representerd the tenant; Ryan Livesay of Pacific Real EstatdePartners Inc. represented the property. • Stearns Lendingf Inc. leased 3,722 square feet at Hampto Square, 6950 S.W. Hampton, Tigard, from Westonj Investment Co. LLC. Steve Root of Americanj Property Management representedthe • Peters & Company PC signed a new lease for 2,170o square feet at the Selling 610 S.W. Alder St., with the Schlesinger Companies. Kristin Hammond and Mark McFarland of Pacific Real EstatePartner Inc. represented the tenant; Bill Smith of NAI Beggs & Simpson representedc the property. • SCR Inc. leased 2,00 0 square feet at 8680 S.W.
Old Tualatinb Sherwood Road, Tualatin, from Kmotion Inc. Ian Giammancop of Bluestone & Hockley Real Estate Servicesw representedthe tenant; Scott Pierce of NAI Norris, Beggs Simpson represented the landlord. •Remedy Intelligent Staffing leaserd 1,638 square feet at The 6646 N.E. 78th Court, Portland, from API Properties 1047 LLC. Mark McFarlandr of Pacific Real EstatePartners Inc. representecd the tenant; Rob Kimmelman of Commercial Realtu Advisors representedthe property. Pioneer Floor Covering Inc. leasex 5,853 square feet at Arctic Businesx Park, 5657 S.W. Arctic Drive, from Pacific NW Properties LP. Cliffc Finnell of GVA Kidder Mathew representedthe tenant.
• Carlabn Enterprises Inc., operating as Stauffer-Cisco Supply, leased 5,622 square feet at Bridgeport WoodsBusinessa Park, 7532 S.W. Bridgeport Durham, from Bridgeport Woods BusinessPark LLC. Peter Stalick and Steveh Klein of GVA Kiddert Mathews representedthe tenant; Dave Kiersey of Kiersey McMillan Inc. represented the property. Stavely Services North Americaleased 4,860 square feet at Kittridge Distributiobn Center, 4943 N.W. Front Ave., Portland, from LIT Industrial Limiteds Partnership. Tony Reser and Sean McCarth of GVA Kidder Mathews brokeredthe transaction. • Red Wing Brandsd of America Inc. leased 3,840 squarew feet at the NorstarBusinesd Center, 8611 N. Albina Ave.
, from Norstar 8405 N. Albina Ave. LLC. Tony Reser and Sean McCarthy of GVA Kidder Mathews brokerefdthe transaction. • Biscuits Cafe leased 3,121 square feet at Hoga Plaza, 1905 N.E. Division St., from Pelopo LLC. Mike Foley of First Commercial representedxthe tenant; Craig Barnard of Barnardx Commercial Real Estate represented the property. Y-Chrome, a new barbershop venture fromHairM men’s leased 2,055 square feet at the Commonwealtn Building, 609 S.W. Washington St., from Unick Properties LLC. Kathleen Healy of Urban Workds Real Estaterepresented Y-Chrome; Dan Bozich and Kathlee Healy of Urban Works Real Estate representede the property.
• Aprende Con Amigos Bilingualk Preschoolleased 1,872 square feet at Patton Park Apartments on North Interstate from Patton Squars Leasing LLC. Steve Haugen of Windermere/Cronin Caplan Realty Group Inc. represented the Charlotte Larson and Sara Daley of Urban Workas Real Estate representedthe • PDX Antiques leasecd 1,120 square feet at the K2 Building from 4152 N.E. Sandt LLC. Charlotte Larson of Urban Workw Real Estate represented the Matt Schweitzer of North Rim representeddthe property. • Liz Richardxs Acupuncture PC leased 1,046 square feet at Fremon t Place, 3531 N.E. 15th Ave., Portland, from ADG Properties LLC. Anthyanb Nguyen of Norris & Stevenx Inc.
represented the tenant; Ashleu Heichelbech of Urban Works Real Estate representedthe property. • Statse Farm Insurance leased 1,000 square feet at 1018 N.W. 13th Portland, from Block Two LLC. Thom Brockmiller of Stehlin Advisorws LLC representedthe tenant; Kathleeh Healy and Dan Bozichy of Urban Works Real Estater represented the property.
Monday, December 31, 2012
Sunday, December 30, 2012
Extended Stay Hotels files Chapter 11 - Philadelphia Business Journal:
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The Spartanburg, S.C.-based company filed the reorganization petitioj in New Yorkbankruptcy court, Secretary and Generap Counsel Joseph Teichman writing that Extended Stay had abouyt $7.1 billion in assets and $7.6 billioj in liabilities at the end of 2008. Extenderd Stay, whose more than 680 properties are managed byHVM LLC, has eigh t Central Ohio sites, including those near the Mall at Tuttld Crossing, Polaris Fashion Place and Eastoj Town Center. The company bills itself as the largest operatorof mid-pricedd extended-stay hotels in the nation.
Teichman in a courg filing on Monday wrote that the companyu sought protection from creditors amid a general downturnm in the hospitality industry and a hit takemn as fewer potential customers needthe company’ds services. “Since the typical Extended Stay customer seeks a lengthgy stay based oncommercial relocation, the contractionh of construction and new business development began to significantly and adverseluy affected Extended Stay’s revenue Teichman wrote. The company said its average revenues per room dropped about 23 percent in the firs t five months of the year comparedx with the same periodof 2008.
As a it was unable to deal with its debt burden with cash flow and is seekinyga “comprehensive restructuring of the entir capital structure.” Extended Stay said it plans to run operationsw following the Chapter 11 petition under a lender-approved arrangement usingy cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotels operates byExtended Stay. The company is in 44 statees and hasabout 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitioj in New Yorkbankruptcy court, Secretary and Generap Counsel Joseph Teichman writing that Extended Stay had abouyt $7.1 billion in assets and $7.6 billioj in liabilities at the end of 2008. Extenderd Stay, whose more than 680 properties are managed byHVM LLC, has eigh t Central Ohio sites, including those near the Mall at Tuttld Crossing, Polaris Fashion Place and Eastoj Town Center. The company bills itself as the largest operatorof mid-pricedd extended-stay hotels in the nation.
Teichman in a courg filing on Monday wrote that the companyu sought protection from creditors amid a general downturnm in the hospitality industry and a hit takemn as fewer potential customers needthe company’ds services. “Since the typical Extended Stay customer seeks a lengthgy stay based oncommercial relocation, the contractionh of construction and new business development began to significantly and adverseluy affected Extended Stay’s revenue Teichman wrote. The company said its average revenues per room dropped about 23 percent in the firs t five months of the year comparedx with the same periodof 2008.
As a it was unable to deal with its debt burden with cash flow and is seekinyga “comprehensive restructuring of the entir capital structure.” Extended Stay said it plans to run operationsw following the Chapter 11 petition under a lender-approved arrangement usingy cash collateral. Debtor-in-possession financing won’t be the company said. About 9,900 employees work in hotels operates byExtended Stay. The company is in 44 statees and hasabout 77,000 rooms.
Thursday, December 27, 2012
Husch Blackwell Sanders LLP - Kansas City Business Journal:
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Parties: Kansas City-based Blackwell Sanders, a firm on the Plazw that grew a practice once consisting of nearly exclusivelhy insurance law toa full-servic e corporate firm employing 337 lawyers. St. Louis-basedx Husch has similarly wide-ranging corporate practicees and employs298 lawyers. Summary: The two firmxs announced Dec. 20 that they would combine, becomingy Missouri's second-largest firm, behind . The deal is the biggestg law firm merger in Kansas City in five The combined firm will be called when thedeal closes, whicy is expected by the end of January or the beginning of Still unknown is where the firms will combinde offices.
Both organizations have long-term leases remaininvg in Kansas City. Effect: Firm leaders on both sideds of the deal said the mergetr would allow both firms to possesx deeper practice areas and better serve whichinclude , and . "We've got our bench strengt h in probably 30-plus areas of law now, whicnh is hard to match in the central area of the saidDavid Fenley, the chairman of Blackwellk Sanders. "And that's going to give us a lot of opportunity to serve our existing clients better than wedo now, and give us the frankly, to expand.
"
Parties: Kansas City-based Blackwell Sanders, a firm on the Plazw that grew a practice once consisting of nearly exclusivelhy insurance law toa full-servic e corporate firm employing 337 lawyers. St. Louis-basedx Husch has similarly wide-ranging corporate practicees and employs298 lawyers. Summary: The two firmxs announced Dec. 20 that they would combine, becomingy Missouri's second-largest firm, behind . The deal is the biggestg law firm merger in Kansas City in five The combined firm will be called when thedeal closes, whicy is expected by the end of January or the beginning of Still unknown is where the firms will combinde offices.
Both organizations have long-term leases remaininvg in Kansas City. Effect: Firm leaders on both sideds of the deal said the mergetr would allow both firms to possesx deeper practice areas and better serve whichinclude , and . "We've got our bench strengt h in probably 30-plus areas of law now, whicnh is hard to match in the central area of the saidDavid Fenley, the chairman of Blackwellk Sanders. "And that's going to give us a lot of opportunity to serve our existing clients better than wedo now, and give us the frankly, to expand.
"
Wednesday, December 26, 2012
Reaction among Baltimore-area stakeholders mixed to health care reform proposal - Baltimore Business Journal:
caloloary.blogspot.com
But reactions from Marylans business groups, employers and health care providerswere divided. The $1.5 trilliomn House bill costs too much, puts too much contro in the hands of the federal and would ultimately lead to rationing healtbhcare services, critics Proponents say the bill will help the nation’e 50 million uninsured receive health care coverager while the bill’s proposal to offer a government-sponsore health insurance plan would offer more choicesd to small businesses shopping for health The House aims to pay for the plan by taxing individual s and lowering Medicare and Medicaid paymenft to medical providers.
The House bill woulfd also provide health insurance subsidies for up to 400 percent of whichis $88,000 for a family of four. Companiesw with more than 25 employees wouldd have to provide health coverage or pay 8 perceny of their payroll asa penalty. “We’ve consistently opposed any pay-or-play provision,” said Ronald Wineholt, chiev lobbyist for the . The chamber has been a vocal opponen t of theMaryland Citizens’ Health Initiative plan, which proposed a 2 percent payrolkl tax on businesses to pay its plan for insuring 800,00 Maryland residents.
Mandating health coverage would put a huge burden on some smalll businesses that are already struggling during the Winehold said. He’s also concerned that the House bill does not offee any proposals on how to curb the risingt cost ofhealth care. “The bill is long on spendinyg and short on cost he said. Lowering payments to Medicaid and Medicare wouls hurt not only hospitals but vendor s who do businesswith them, said Archie M. president of in Glen Burnie. “The last thinvg we need to do is slow down Barrett said. “It’ll put everyone in a financial crisis.
” Barrettt fears that if hospitals don’tr get paid in a timely manner, neither will he sincde his environmental consulting firm serves many hospital Inhis view, employers have a responsibility to offer health insurance and can only retain the best employees if they do so. But Barrett said he favors a government-run health insurance “Somebody has to give insurancecompanies competition,” he “Our insurance rates are skyrocketing.” Barrety is hopeful that, with a government plan, insurerzs can’t just charge whatever they want. He currently pays $6,000 a month on healtuh premiums for his12 employees.
Some fear that the government-rumn plan, which would be run similarly to would lower choiceand quality, not improvde it. Given the high tab of the health the only way the government will be able to cut costsz is by rationing health particularly forthe elderly, said Dr. Ronal Sroka, president of state medical societ MedChi: “People will be waiting in line to gettheit MRIs.” Private health insurers woule not be able to compete with a publicx health plan, said Rodger CEO of Towson’s Client First Brokerager Services Inc. A government-run plan that gets its monegy from taxpayers would not care aboutofferinv innovation, such as investingv in new technologies.
Bayne, who believees individuals should gethealth insurance, said he thinks the Housse bill would not really encourage individuals to get By imposing just a 2.5 percent penalty on individuals who do not get healthb insurance, many people will forego health insurancwe if the penalty costs less than the healthg insurance premiums. But Vincent DeMarco, presiden of the Maryland Citizens’ Healtn Initiative, said he favors the Housre bill because it requires all parties including individuals, health care providers, businesses and insurerds — to do their fair sharr to overhaul health care.
Though the pricer tag may be high initially, in the long run it can save money by lowering healthcare costs, he
But reactions from Marylans business groups, employers and health care providerswere divided. The $1.5 trilliomn House bill costs too much, puts too much contro in the hands of the federal and would ultimately lead to rationing healtbhcare services, critics Proponents say the bill will help the nation’e 50 million uninsured receive health care coverager while the bill’s proposal to offer a government-sponsore health insurance plan would offer more choicesd to small businesses shopping for health The House aims to pay for the plan by taxing individual s and lowering Medicare and Medicaid paymenft to medical providers.
The House bill woulfd also provide health insurance subsidies for up to 400 percent of whichis $88,000 for a family of four. Companiesw with more than 25 employees wouldd have to provide health coverage or pay 8 perceny of their payroll asa penalty. “We’ve consistently opposed any pay-or-play provision,” said Ronald Wineholt, chiev lobbyist for the . The chamber has been a vocal opponen t of theMaryland Citizens’ Health Initiative plan, which proposed a 2 percent payrolkl tax on businesses to pay its plan for insuring 800,00 Maryland residents.
Mandating health coverage would put a huge burden on some smalll businesses that are already struggling during the Winehold said. He’s also concerned that the House bill does not offee any proposals on how to curb the risingt cost ofhealth care. “The bill is long on spendinyg and short on cost he said. Lowering payments to Medicaid and Medicare wouls hurt not only hospitals but vendor s who do businesswith them, said Archie M. president of in Glen Burnie. “The last thinvg we need to do is slow down Barrett said. “It’ll put everyone in a financial crisis.
” Barrettt fears that if hospitals don’tr get paid in a timely manner, neither will he sincde his environmental consulting firm serves many hospital Inhis view, employers have a responsibility to offer health insurance and can only retain the best employees if they do so. But Barrett said he favors a government-run health insurance “Somebody has to give insurancecompanies competition,” he “Our insurance rates are skyrocketing.” Barrety is hopeful that, with a government plan, insurerzs can’t just charge whatever they want. He currently pays $6,000 a month on healtuh premiums for his12 employees.
Some fear that the government-rumn plan, which would be run similarly to would lower choiceand quality, not improvde it. Given the high tab of the health the only way the government will be able to cut costsz is by rationing health particularly forthe elderly, said Dr. Ronal Sroka, president of state medical societ MedChi: “People will be waiting in line to gettheit MRIs.” Private health insurers woule not be able to compete with a publicx health plan, said Rodger CEO of Towson’s Client First Brokerager Services Inc. A government-run plan that gets its monegy from taxpayers would not care aboutofferinv innovation, such as investingv in new technologies.
Bayne, who believees individuals should gethealth insurance, said he thinks the Housse bill would not really encourage individuals to get By imposing just a 2.5 percent penalty on individuals who do not get healthb insurance, many people will forego health insurancwe if the penalty costs less than the healthg insurance premiums. But Vincent DeMarco, presiden of the Maryland Citizens’ Healtn Initiative, said he favors the Housre bill because it requires all parties including individuals, health care providers, businesses and insurerds — to do their fair sharr to overhaul health care.
Though the pricer tag may be high initially, in the long run it can save money by lowering healthcare costs, he
Monday, December 24, 2012
Standardized nuclear plant design eluding utility firms - Triangle Business Journal:
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The Nuclear Regulatory Commission certified the plant designof ’s AP1000 at the end of 2005. Pre-certificatiomn was intended to help streamline an approvalws process that takes yearx before plant constructioneven begins. Along with Duke and the , and the of Atlanta have applier to the NRC for licenses to buildAP1000 plants. According to a Feb. 15 NRC letter that sets an application review schedule for the design ofthe AP1000, March 2010 is the target date for completint the review process for the plant’w design.
Westinghouse spokesman Vaughn Gilbert acknowledge s that design changes have been but he says the changes are minor and represenrt less than 10 percent of the overall He says Westinghouse is respondingt to newNRC requirements, such as demonstration of safetty in the event of an airplane crash. He says the utilitiesa have not requested the changes under But correspondence between regulators and Westinghouse suggesg that the company is pursuing design In a June 27 letter from the NRCto Westinghouse’ s Robert Sisk, a managed in regulatory affairs, the NRC noted problems with the scheduling due to changes soughtt by Westinghouse.
Thomas Bergman, deputy director of the NRC divisio that oversees newreactor licensing, writes in the letterr that “there remains uncertaint about the schedule outlined in the February 15, 2008 lettert in light of This uncertainty is created as a result of changes in the scopde of work of the review requestedf by Westinghouse since developing that schedule, and delayed Westinghouse’s latest revision, No. 17, was submitted 22. Those changes are not yet publicly available. NRC spokesman Scott Burnell characterizesw the numerous changes asthe “back and forth” that is a routinwe part of the approvalas process.
He says the plant design is soundf and that the modifications are open items that came up as Westinghouswe talked with its He says that because several utilities are interested in theAP100p design, it was more efficient for Westinghousew to submit changes on their behalff rather than for applicants to pursue changes individually. Burnell says the final desighn for these utilities or subsequent applicants will be the He characterized the latest revisioh asthe “17th time that Westinghouse respondedf to staff questions.” Ed Lyman, a senior stafft scientist at the who has tracked the says utilities are requesting the desigj changes to suit individual sites.
For he says TVA sought modifications forits Ala., plant’s seismic design to fit the soil type of the Lyman says that if each applicant seeks reactot modifications for its site, the result could be many more each of them requiringt regulatory review. Lyman says design changes add time to the reviesw process and likely would add cost tothe plants. He says the outcomee of the AP1000 review coulcd affect how other utilities move forward with their plans for newnuclear generation.
“It is a blow to NRC’sw concept of standardizing designs,” he Progress spokesman Rick Kimbler says that while Progress submitted an applicatioj to the NRC so it woul d have the option of pursuing newnuclead generation, it has not committed to buildinb new reactors at its Shearon Harris site in Wake The utility does plan to build a new nucleaer plant in Florida. Kimble says design changes to the AP1000 have no impact on the He likens the changes to modificatione one might make when buildinga house. Fixtures may but the overall design remains he says. But the if built, will cost more than originallyh estimated. In an Oct. 3 letter to the NRC, Progress uses the $9.
3 billionm cost projection of two new Florida plants as thenew upper-bounsd cost estimate for two new reactors at That’s more than doublew Progress’ previous estimate of $4.4 But even with the higher projection, Progress says in documents filed with the NRC that the constructiomn at Harris should not be as expensive as the work at the Floridw plant, which is a greenfield Although the Harris site now has only one reactor, it was originallyh designed for four and will require less constructiom work than the Florida site.
Jim executive director of watchdoggroup , says plans to raise the level of Harris Lake for cooling water woulds contribute to the cost of new nuclear
The Nuclear Regulatory Commission certified the plant designof ’s AP1000 at the end of 2005. Pre-certificatiomn was intended to help streamline an approvalws process that takes yearx before plant constructioneven begins. Along with Duke and the , and the of Atlanta have applier to the NRC for licenses to buildAP1000 plants. According to a Feb. 15 NRC letter that sets an application review schedule for the design ofthe AP1000, March 2010 is the target date for completint the review process for the plant’w design.
Westinghouse spokesman Vaughn Gilbert acknowledge s that design changes have been but he says the changes are minor and represenrt less than 10 percent of the overall He says Westinghouse is respondingt to newNRC requirements, such as demonstration of safetty in the event of an airplane crash. He says the utilitiesa have not requested the changes under But correspondence between regulators and Westinghouse suggesg that the company is pursuing design In a June 27 letter from the NRCto Westinghouse’ s Robert Sisk, a managed in regulatory affairs, the NRC noted problems with the scheduling due to changes soughtt by Westinghouse.
Thomas Bergman, deputy director of the NRC divisio that oversees newreactor licensing, writes in the letterr that “there remains uncertaint about the schedule outlined in the February 15, 2008 lettert in light of This uncertainty is created as a result of changes in the scopde of work of the review requestedf by Westinghouse since developing that schedule, and delayed Westinghouse’s latest revision, No. 17, was submitted 22. Those changes are not yet publicly available. NRC spokesman Scott Burnell characterizesw the numerous changes asthe “back and forth” that is a routinwe part of the approvalas process.
He says the plant design is soundf and that the modifications are open items that came up as Westinghouswe talked with its He says that because several utilities are interested in theAP100p design, it was more efficient for Westinghousew to submit changes on their behalff rather than for applicants to pursue changes individually. Burnell says the final desighn for these utilities or subsequent applicants will be the He characterized the latest revisioh asthe “17th time that Westinghouse respondedf to staff questions.” Ed Lyman, a senior stafft scientist at the who has tracked the says utilities are requesting the desigj changes to suit individual sites.
For he says TVA sought modifications forits Ala., plant’s seismic design to fit the soil type of the Lyman says that if each applicant seeks reactot modifications for its site, the result could be many more each of them requiringt regulatory review. Lyman says design changes add time to the reviesw process and likely would add cost tothe plants. He says the outcomee of the AP1000 review coulcd affect how other utilities move forward with their plans for newnuclear generation.
“It is a blow to NRC’sw concept of standardizing designs,” he Progress spokesman Rick Kimbler says that while Progress submitted an applicatioj to the NRC so it woul d have the option of pursuing newnuclead generation, it has not committed to buildinb new reactors at its Shearon Harris site in Wake The utility does plan to build a new nucleaer plant in Florida. Kimble says design changes to the AP1000 have no impact on the He likens the changes to modificatione one might make when buildinga house. Fixtures may but the overall design remains he says. But the if built, will cost more than originallyh estimated. In an Oct. 3 letter to the NRC, Progress uses the $9.
3 billionm cost projection of two new Florida plants as thenew upper-bounsd cost estimate for two new reactors at That’s more than doublew Progress’ previous estimate of $4.4 But even with the higher projection, Progress says in documents filed with the NRC that the constructiomn at Harris should not be as expensive as the work at the Floridw plant, which is a greenfield Although the Harris site now has only one reactor, it was originallyh designed for four and will require less constructiom work than the Florida site.
Jim executive director of watchdoggroup , says plans to raise the level of Harris Lake for cooling water woulds contribute to the cost of new nuclear
Sunday, December 23, 2012
Sling Media gets $10.5M in funding - Silicon Valley / San Jose Business Journal:
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of San Mateo, says it's received $10.5 millionh in Series A fundingfrom , and undisclosed strategic Terms of the investment were not "An enormous gap exists between what is possibler with today's digital entertainment technology and its usability by consumers. It is our positio that 'CE' should stand as much for consumer experience as it does forconsumerf electronics," says Blake Krikorian, chief executive officerf of Sling Media, in a writtem statement. The company says it's readying its firsr product -- the Slingbox Personal Broadcasterd -- for market.
It's described a devicer that allows users to enjoy theirr entire live TV experience fromany device, via any network, anywher e in their home or around the world. The Slingbosx connects to and "placeshifts" content from any cable box, satellits receiver, or personal video recorder. It'a expected to be in the marketr during the first quarter of thecompany says.
of San Mateo, says it's received $10.5 millionh in Series A fundingfrom , and undisclosed strategic Terms of the investment were not "An enormous gap exists between what is possibler with today's digital entertainment technology and its usability by consumers. It is our positio that 'CE' should stand as much for consumer experience as it does forconsumerf electronics," says Blake Krikorian, chief executive officerf of Sling Media, in a writtem statement. The company says it's readying its firsr product -- the Slingbox Personal Broadcasterd -- for market.
It's described a devicer that allows users to enjoy theirr entire live TV experience fromany device, via any network, anywher e in their home or around the world. The Slingbosx connects to and "placeshifts" content from any cable box, satellits receiver, or personal video recorder. It'a expected to be in the marketr during the first quarter of thecompany says.
Saturday, December 22, 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Washington Business Journal:
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Park plans to open his seconed store later this year in Beverly just off prestigiousRodeo Drive. He’s also lookinb to double his space at the this less than two years aftermoving in. Park’ws growth has stemmed from a careful cultivation of customerw andvendors — he’s the only authorized retailer for several brandsx — and a savvy use of technology to promots a traditional, low-tech Part of Park’s strategy to expandc his 5-year-old business has been to nurturwe his, and the reputation as an expert in men’sx shoes and fashion. And he’s undeterred by the even though the shoes he sellsd retail upwardsof $500 per pair.
“I’mk 100 percent confident I’m goinhg to do well,” he said of the Californiza move. He has done his and met with his online clients to make sure that the markegtis there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internefsales — which exceeded Park’s goal by 30 This year he wants to best that by anotherr 30 percent. He’s financing the expansion to Beverly Hills with hisown money, with assistancew from Bank of Hawaii and help from some childhood friends. The brands at Leather Soul the American-made Alden; Britisjh brands Edward Green, John Lobb and Gazian o & Girling, and the French label J.M.
Weston are not available anywhere elsein Hawaii. “The products I they’re all the best quality,” he “Even in a bad economy, people stil l want good quality.” The decisiohn to go to the Los Angeles area came abouyt after the sales representativefrom Massachusetts-based Aldemn approached Park about an opportunity to take over the shoe department of a well-knowjn men’s store in Beverly Hills. The company had a dealefr in Northern California, but no presencs in the southern part ofthe state. Park met with people from the which he declinedto name, and thoughf it seemed like a good opportunity.
But while driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thinok Hawaii is bad, it’s twice as bad in L.A.,” he “I just thought ther must be some opportunity for a good He returned to Los Angeles a month met with real estate brokers and beganh looking atretail spaces. The placew he picked was one that hejust “stumbled” a historic building at the corner of Rodep Drive and Little Santa Monica Boulevard. The ground-floor spaced is also next to a shoe-repair Park found that landlords are much more willingt to negotiate in this economy than they were just a couple ofyears ago.
A half-dozen retail spacex on Rodeo Drive, less than a blockk from the one Parkis eyeing, are listedx for lease with rent “negotiable,” according to LoopNet. Park has signeds a letter of intent fora 650-square-footr space and is in negotiations for the aiming for a December opening. “Thr same spot a year-and-a-halfv ago would have been twiceas expensive,” he He’s also talking with the Festival which manages the Royal Hawaiianh Center, about moving to a space that’s twices the size of his 600-square-foot storer on the third level of Buildin g A.
Park plans to open his seconed store later this year in Beverly just off prestigiousRodeo Drive. He’s also lookinb to double his space at the this less than two years aftermoving in. Park’ws growth has stemmed from a careful cultivation of customerw andvendors — he’s the only authorized retailer for several brandsx — and a savvy use of technology to promots a traditional, low-tech Part of Park’s strategy to expandc his 5-year-old business has been to nurturwe his, and the reputation as an expert in men’sx shoes and fashion. And he’s undeterred by the even though the shoes he sellsd retail upwardsof $500 per pair.
“I’mk 100 percent confident I’m goinhg to do well,” he said of the Californiza move. He has done his and met with his online clients to make sure that the markegtis there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internefsales — which exceeded Park’s goal by 30 This year he wants to best that by anotherr 30 percent. He’s financing the expansion to Beverly Hills with hisown money, with assistancew from Bank of Hawaii and help from some childhood friends. The brands at Leather Soul the American-made Alden; Britisjh brands Edward Green, John Lobb and Gazian o & Girling, and the French label J.M.
Weston are not available anywhere elsein Hawaii. “The products I they’re all the best quality,” he “Even in a bad economy, people stil l want good quality.” The decisiohn to go to the Los Angeles area came abouyt after the sales representativefrom Massachusetts-based Aldemn approached Park about an opportunity to take over the shoe department of a well-knowjn men’s store in Beverly Hills. The company had a dealefr in Northern California, but no presencs in the southern part ofthe state. Park met with people from the which he declinedto name, and thoughf it seemed like a good opportunity.
But while driving around the neighborhood, he began to noticre a lot of vacantretail space. “If you thinok Hawaii is bad, it’s twice as bad in L.A.,” he “I just thought ther must be some opportunity for a good He returned to Los Angeles a month met with real estate brokers and beganh looking atretail spaces. The placew he picked was one that hejust “stumbled” a historic building at the corner of Rodep Drive and Little Santa Monica Boulevard. The ground-floor spaced is also next to a shoe-repair Park found that landlords are much more willingt to negotiate in this economy than they were just a couple ofyears ago.
A half-dozen retail spacex on Rodeo Drive, less than a blockk from the one Parkis eyeing, are listedx for lease with rent “negotiable,” according to LoopNet. Park has signeds a letter of intent fora 650-square-footr space and is in negotiations for the aiming for a December opening. “Thr same spot a year-and-a-halfv ago would have been twiceas expensive,” he He’s also talking with the Festival which manages the Royal Hawaiianh Center, about moving to a space that’s twices the size of his 600-square-foot storer on the third level of Buildin g A.
Thursday, December 20, 2012
Tech firm plans $12M center - Kansas City Business Journal:
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Gary Hall, who founded the Web-hosting firm with Bryajn Porterin 2001, said Arsalon has had a bannert year, on track to about doublre revenue from about $2.8 million in 2007 to betweem $5 million and $6 million this year. And he said he expectsd the growth to continueinto 2009. “We’ve had our best year Hall said. “Outsourcing is a solutionm for a lot of companies in good times and For aregular fee, firms like Arsalonm offer security systems, network infrastructure and powerd infrastructure that can be costl for companies to handle alone.
Arsalon and its peersz can perform the functions ofa company’s internal IT This month, Arsalon pland to close on the purchase of a 33,000-square-footr building, which it will gut and spli roughly into thirds: a data center, power and coolinv equipment, and office space. Hall said that it took more than a year to choosed a site and that an existing building made moresensse environmentally. Upon completion, the new spacse will be a Tier 3 data the second-highest of four levels of redundancy, or resistancew to down time.
The new location will add to Arsalon’ws existing 7,000-square-foot facility in Overland Parkand 10,000-square-fooy Lenexa facility, which had $1 millio n in infrastructure upgrades this year to handle new Hall said. But with the existing facilitiesanearly full, Arsalon needed to expand. The company employs abour 20 people now, and with the openinbg of the newdata center, Arsalon probably will add 10 to 15 workeres in 2009 and five to 10 in Hall said. Arsalon seems to exisgt among a slice of companiesz that are holding strong duringbthe recession. , an informatioj technology services firm basedf inKansas City, Kan.
, also is experiencing rapid it recently reported plans for a nearly $1 million upgradew to its facilities. “As budgets get there are a lotof layoffs,” Hall said. “zA lot of companies are looking at their own taking their internal IT staff and refocusingb them on core business processeswhile off-loadiny those requirements from them to us. It freea up their IT staff to do other Greg Kratofil, a technology lawyer at Polsinelli Shaltojn Flanigan Suelthaus PC and counsel for Arsalon, said many technologyh companies, such as data centers, hostinh companies and software companies, “are still investing in theirt futures.
” “We’re not seeing a slowdown in this industry,” he But this project is among the largest he’s aware of, Kratofil said. Blake Schreck, president, said the city welcomeds Arsalon’s investment and jobs. “Job creatiojn is always key, especially now, so this is a very welcome development,” he said. Arsalon secured its financingf from and the about a week beforse thecredit crisis, Hall The company also is working on publicv incentives for the project. “We’re very traditionak in how we manage our business,” he said. “We built the company with revenue andclientse — the old-fashioned way.
Before we embarked on this we made sure we had the cash flow tosuppory it.”
Gary Hall, who founded the Web-hosting firm with Bryajn Porterin 2001, said Arsalon has had a bannert year, on track to about doublre revenue from about $2.8 million in 2007 to betweem $5 million and $6 million this year. And he said he expectsd the growth to continueinto 2009. “We’ve had our best year Hall said. “Outsourcing is a solutionm for a lot of companies in good times and For aregular fee, firms like Arsalonm offer security systems, network infrastructure and powerd infrastructure that can be costl for companies to handle alone.
Arsalon and its peersz can perform the functions ofa company’s internal IT This month, Arsalon pland to close on the purchase of a 33,000-square-footr building, which it will gut and spli roughly into thirds: a data center, power and coolinv equipment, and office space. Hall said that it took more than a year to choosed a site and that an existing building made moresensse environmentally. Upon completion, the new spacse will be a Tier 3 data the second-highest of four levels of redundancy, or resistancew to down time.
The new location will add to Arsalon’ws existing 7,000-square-foot facility in Overland Parkand 10,000-square-fooy Lenexa facility, which had $1 millio n in infrastructure upgrades this year to handle new Hall said. But with the existing facilitiesanearly full, Arsalon needed to expand. The company employs abour 20 people now, and with the openinbg of the newdata center, Arsalon probably will add 10 to 15 workeres in 2009 and five to 10 in Hall said. Arsalon seems to exisgt among a slice of companiesz that are holding strong duringbthe recession. , an informatioj technology services firm basedf inKansas City, Kan.
, also is experiencing rapid it recently reported plans for a nearly $1 million upgradew to its facilities. “As budgets get there are a lotof layoffs,” Hall said. “zA lot of companies are looking at their own taking their internal IT staff and refocusingb them on core business processeswhile off-loadiny those requirements from them to us. It freea up their IT staff to do other Greg Kratofil, a technology lawyer at Polsinelli Shaltojn Flanigan Suelthaus PC and counsel for Arsalon, said many technologyh companies, such as data centers, hostinh companies and software companies, “are still investing in theirt futures.
” “We’re not seeing a slowdown in this industry,” he But this project is among the largest he’s aware of, Kratofil said. Blake Schreck, president, said the city welcomeds Arsalon’s investment and jobs. “Job creatiojn is always key, especially now, so this is a very welcome development,” he said. Arsalon secured its financingf from and the about a week beforse thecredit crisis, Hall The company also is working on publicv incentives for the project. “We’re very traditionak in how we manage our business,” he said. “We built the company with revenue andclientse — the old-fashioned way.
Before we embarked on this we made sure we had the cash flow tosuppory it.”
Wednesday, December 19, 2012
Orinda, Octagon plan loft/retail conversion - San Antonio Business Journal:
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Atlanta-based and Charlotteville, Va.-based reportede their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acresx and occupies the entire city block boundef by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will converrt the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmengt of 222 Mitchell Street into rental lofts and retail space will play a significanft role in the rebirth of this part ofdowntowj Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchelkl Street will appeal to young professionals who work as well as to college especially those who already attend one of the many fine institutionse inthe area, such as Georgiz State University, Spelman, Morehouse, Clark Atlantw University and Georgia
Atlanta-based and Charlotteville, Va.-based reportede their plans for the property at 222 Mitchell Street, but they did not disclose financial terms of the deal. The 350,000-square-foot structurs was built in stages from 1929 to 1979on 2.1 acresx and occupies the entire city block boundef by Spring, Forsyth, Mitchell and Nelson Orinda and Octagon will converrt the property into a rental building with 205 loft units and more than 70,000 square feet of commercial Occupancy is expected in January 2011.
“The redevelopmengt of 222 Mitchell Street into rental lofts and retail space will play a significanft role in the rebirth of this part ofdowntowj Atlanta,” said Dillon Baynes, president of in a statement. “We’re certain that living at 222 Mitchelkl Street will appeal to young professionals who work as well as to college especially those who already attend one of the many fine institutionse inthe area, such as Georgiz State University, Spelman, Morehouse, Clark Atlantw University and Georgia
Tuesday, December 18, 2012
Smithfield Foods slashing 1,800 jobs, closing 6 plants - Kansas City Business Journal:
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Smithfield (NYSE: SFD) said the restructuriny of its pork group is expected to produce annuall cost savingsof $55 millionn in fiscal 2010 and $125 million by fiscakl 2011. The Smithfield, Va.-based company said it would reducd its number of pork grouo operating units from sevenb tothree – The Smithfield Packing Companty Inc., John Morrell Co. and Farmland Foods Inc. Among the plants Smithfield will close is the Smithfield Packagingh plantin Elon, just east of About 160 employees will lose their jobs when the plant, whichg produces country ham, closes in late Smithfield also will shutter plants in Smithfield, Va.; Planr City, Fla.; Great Kan.; New Riegel, Ohio; and Hastings, Neb.
The Va., closing will affect 1,375 though 1,035 will be offered transfers to an adjacentg plant in Smithfield or to a facility inNortuh Carolina. Smithfield Foods, with annual sales of $12 is the largest U.S. producer of hogs and pork The company also owns 49 percentgof Garner-based turkey producer , which was not affectef by the moves announced
Smithfield (NYSE: SFD) said the restructuriny of its pork group is expected to produce annuall cost savingsof $55 millionn in fiscal 2010 and $125 million by fiscakl 2011. The Smithfield, Va.-based company said it would reducd its number of pork grouo operating units from sevenb tothree – The Smithfield Packing Companty Inc., John Morrell Co. and Farmland Foods Inc. Among the plants Smithfield will close is the Smithfield Packagingh plantin Elon, just east of About 160 employees will lose their jobs when the plant, whichg produces country ham, closes in late Smithfield also will shutter plants in Smithfield, Va.; Planr City, Fla.; Great Kan.; New Riegel, Ohio; and Hastings, Neb.
The Va., closing will affect 1,375 though 1,035 will be offered transfers to an adjacentg plant in Smithfield or to a facility inNortuh Carolina. Smithfield Foods, with annual sales of $12 is the largest U.S. producer of hogs and pork The company also owns 49 percentgof Garner-based turkey producer , which was not affectef by the moves announced
Sunday, December 16, 2012
Avalon to appeal Nasdaq delisting - Washington Business Journal:
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The Germantown-based company was warnee in November it no longer met listinh requirements because its market value had dropped belowthe $10 million minimum. Avalon, whose stock has lost 80 percent of its value in thelast year, currently has a market capitalizationh of about $8.2 million. Avalon will request a hearingy before the Nasdaq ListingsQualificationss Panel, but says there is no guarantee it will keep its Globall Market listing. If its appeal is turned down, Avalon stocok will be suspended from the Nasdaqq Global Market onMarch 23.
Avalon’s commohn stock may move to the NasdawCapital Market, if it meets requirements for listing Avalon (NASDAQ: AVRX), which cut jobs and warned of a fundingy shortfall last summer, agreed in Octobe to be acquired by for $10 million in While the merger is still Clinical Data warned last month that, without new funding, it coulx only fund operations through March. Clinical Data CLDA) paid $11 million to acquire Adenosine Therapeutics LLC and has been spending money on developmentg of its experimentalantidepressant drug.
Avalon has said it will keep its operationsx and remaining staff in Germantown afterthe
The Germantown-based company was warnee in November it no longer met listinh requirements because its market value had dropped belowthe $10 million minimum. Avalon, whose stock has lost 80 percent of its value in thelast year, currently has a market capitalizationh of about $8.2 million. Avalon will request a hearingy before the Nasdaq ListingsQualificationss Panel, but says there is no guarantee it will keep its Globall Market listing. If its appeal is turned down, Avalon stocok will be suspended from the Nasdaqq Global Market onMarch 23.
Avalon’s commohn stock may move to the NasdawCapital Market, if it meets requirements for listing Avalon (NASDAQ: AVRX), which cut jobs and warned of a fundingy shortfall last summer, agreed in Octobe to be acquired by for $10 million in While the merger is still Clinical Data warned last month that, without new funding, it coulx only fund operations through March. Clinical Data CLDA) paid $11 million to acquire Adenosine Therapeutics LLC and has been spending money on developmentg of its experimentalantidepressant drug.
Avalon has said it will keep its operationsx and remaining staff in Germantown afterthe
Saturday, December 15, 2012
Biz Bits - Nashville Business Journal:
judonebolayb1394.blogspot.com
Lovers of the soft, steamy rolls needn’t panic though, says Roland co-founder and CEO of Brentwood-based , a start-up procuremengt counseling company. It was a necessary step to cut he says. Ornelas, who was vice president of supplyy chain managementfor O’Charley’s when the restaurant sold the roll machinw last year, guesses he’s saved companies more than a billiobn dollars. His Hourglass is estimated to brinfg in more thana $1 million in its firstr year by saving clients 15 percent to 40 percenft on expenses. O’Charley’s Inc.
sold the roll machiner to the , with a contractg that made the bun company the sole producer of yeast rollzs for all ofthe chain’sx restaurants. Ornelas, who has also had procurement stintas with PepsiCoand T.G.I.Friday’s parenf company , says the move was part of the chain’se plan to cut costs by dumping its centrap commissary operations. Now, instea d of making everythingin house, O’Charley’s outsources the work to severaol specialized companies. Likewise, O’Charley’s salad butchering and printing of marketing materials are nowhandled elsewhere.
Real estater agency launches office without walls in Gulch Shirleysays she’s goinh for the Starbucks mood with her new office that doesn’t have The owner of Zeitlin & Co. Realtors signedx a lease Oct. 1 for a new Zeitlin InTown office in the Rather thanseparate offices, the space has work stationes and bar tables with wireless Internegt access. Agents use laptopzs and work from any spot to meetwith clients. Zeitlimn says the concept lendsa itself to the way youngt agents work and gives the officea hip, modern feel. It’sw the first satellite agency for the Mike Nichols, formerly with ’sa Music Row office, will be the managinv broker.
Nichols hopes to have 20 to 30 agents in the officeby year’s end. Zeitlin says once the economy gets on sure she expects the urban market to grow in popularitgy as rising gas prices send people downtown to be closefr totheir jobs. A local environmentalist’s film on energy conservatiom is getting a nationalaudience tonight. Jeff Barrie’s “Kilowatty Ours: A Plan to Re-Energize America” will be showmn to a potential 23 million viewers on more than 50 PBS including NashvillePublic Television. It airs locally at 7 p.m. on WNPT Channekl 8.
Noting that half of America’xs electricity is provided by coal, “Kilowatr Ours” takes viewers from coal mining sited in southern Appalachia to solar panel fieldss in Florida to examine the dollar and human costs ofenergy production. It also shows vieweras how to reduce consumption and save on energy costs through simplehousehold changes.
Lovers of the soft, steamy rolls needn’t panic though, says Roland co-founder and CEO of Brentwood-based , a start-up procuremengt counseling company. It was a necessary step to cut he says. Ornelas, who was vice president of supplyy chain managementfor O’Charley’s when the restaurant sold the roll machinw last year, guesses he’s saved companies more than a billiobn dollars. His Hourglass is estimated to brinfg in more thana $1 million in its firstr year by saving clients 15 percent to 40 percenft on expenses. O’Charley’s Inc.
sold the roll machiner to the , with a contractg that made the bun company the sole producer of yeast rollzs for all ofthe chain’sx restaurants. Ornelas, who has also had procurement stintas with PepsiCoand T.G.I.Friday’s parenf company , says the move was part of the chain’se plan to cut costs by dumping its centrap commissary operations. Now, instea d of making everythingin house, O’Charley’s outsources the work to severaol specialized companies. Likewise, O’Charley’s salad butchering and printing of marketing materials are nowhandled elsewhere.
Real estater agency launches office without walls in Gulch Shirleysays she’s goinh for the Starbucks mood with her new office that doesn’t have The owner of Zeitlin & Co. Realtors signedx a lease Oct. 1 for a new Zeitlin InTown office in the Rather thanseparate offices, the space has work stationes and bar tables with wireless Internegt access. Agents use laptopzs and work from any spot to meetwith clients. Zeitlimn says the concept lendsa itself to the way youngt agents work and gives the officea hip, modern feel. It’sw the first satellite agency for the Mike Nichols, formerly with ’sa Music Row office, will be the managinv broker.
Nichols hopes to have 20 to 30 agents in the officeby year’s end. Zeitlin says once the economy gets on sure she expects the urban market to grow in popularitgy as rising gas prices send people downtown to be closefr totheir jobs. A local environmentalist’s film on energy conservatiom is getting a nationalaudience tonight. Jeff Barrie’s “Kilowatty Ours: A Plan to Re-Energize America” will be showmn to a potential 23 million viewers on more than 50 PBS including NashvillePublic Television. It airs locally at 7 p.m. on WNPT Channekl 8.
Noting that half of America’xs electricity is provided by coal, “Kilowatr Ours” takes viewers from coal mining sited in southern Appalachia to solar panel fieldss in Florida to examine the dollar and human costs ofenergy production. It also shows vieweras how to reduce consumption and save on energy costs through simplehousehold changes.
Wednesday, December 12, 2012
ECHO Real Estate Services latest to mull Collier Crossing - Atlanta Business Chronicle:
sucujovide.wordpress.com
The latest to take on the projectris O'Hara-based , which began to market a new shoppingt center at a site that includes the Tradee Jack's flea market in Collier according to public officials in the area. ECHO officiald did not return messagesseeking comment. But Collier Township Managef Jeanne Creese said ECHO met with municipal officials last week and has begun marketing a retail plan forthe site. "They have not gottenm anything official intothe township," said Creese, describing ECHO' current involvement with the development as due "They're taking a look at our zoning and trafficx issues.
" Owned by Jack and Jim Cargnoni, the property frontsx Interstate 79 a short drive south from the Kirwanm Heights exit. The site is close to would-be shoppers of affluent communities such as Mounr Lebanon andUpper St. and I-79 makes it easily accessible from thenortherjn suburbs. As recently as last fall, Co. of Fort Texas, was considering the site for a retail project but decides against it because of the infrastructure needs associatedr withthe project. They include a new exit ramp from I-79 to maximize access to the site as well as wideninhRoute 50, which also runs near the property.
The cost of those improvements were projected tobe $25 millioj four years ago, when , a suburban Philadelphiw developer, looked at takinbg over the site. A procession of other includingand , also have considered the project in recentf years. Local real estate observers expectr ECHO to pursue a projecft similar in scale to previous incarnationas ofCollier Crossing, which was slated to be a 600,000-square-foot lifestyle development.
The Goldenberg project had established leasse commitments for a Target store anda 55,000-square-foor to anchor the development only to lose the retailerz after the project became mired in legal disputes when the propert owners lost patience with the slow development pace of the Creese said the loca l government, now under new leadership, stilpl wants to see the propertyt redeveloped and to get needed road improvements. "Thei r biggest question is coming up with a doable planwith (the Creese said. Craig Cozza, a Collier residen t and local developer who was familiarwith ECHO'w early intentions for the lifestyle sees an opportunity for a new grocery stor e on the site.
He suggested ECHO, whose owners also own grocer ychain , could establish a new, strongetr location for its nearby Giant Eagle store and fend off a competitor such as Whole Foods, which has been scouting for a Southy Hills location for the past few "I would fully expectr that they would be relocating that store. That'es an old and tired store," Cozza said of Gianrt Eagle's Bridgeville location. "If you get Target and Gianyt Eagle, then you're goinf to get everybody else.
"
The latest to take on the projectris O'Hara-based , which began to market a new shoppingt center at a site that includes the Tradee Jack's flea market in Collier according to public officials in the area. ECHO officiald did not return messagesseeking comment. But Collier Township Managef Jeanne Creese said ECHO met with municipal officials last week and has begun marketing a retail plan forthe site. "They have not gottenm anything official intothe township," said Creese, describing ECHO' current involvement with the development as due "They're taking a look at our zoning and trafficx issues.
" Owned by Jack and Jim Cargnoni, the property frontsx Interstate 79 a short drive south from the Kirwanm Heights exit. The site is close to would-be shoppers of affluent communities such as Mounr Lebanon andUpper St. and I-79 makes it easily accessible from thenortherjn suburbs. As recently as last fall, Co. of Fort Texas, was considering the site for a retail project but decides against it because of the infrastructure needs associatedr withthe project. They include a new exit ramp from I-79 to maximize access to the site as well as wideninhRoute 50, which also runs near the property.
The cost of those improvements were projected tobe $25 millioj four years ago, when , a suburban Philadelphiw developer, looked at takinbg over the site. A procession of other includingand , also have considered the project in recentf years. Local real estate observers expectr ECHO to pursue a projecft similar in scale to previous incarnationas ofCollier Crossing, which was slated to be a 600,000-square-foot lifestyle development.
The Goldenberg project had established leasse commitments for a Target store anda 55,000-square-foor to anchor the development only to lose the retailerz after the project became mired in legal disputes when the propert owners lost patience with the slow development pace of the Creese said the loca l government, now under new leadership, stilpl wants to see the propertyt redeveloped and to get needed road improvements. "Thei r biggest question is coming up with a doable planwith (the Creese said. Craig Cozza, a Collier residen t and local developer who was familiarwith ECHO'w early intentions for the lifestyle sees an opportunity for a new grocery stor e on the site.
He suggested ECHO, whose owners also own grocer ychain , could establish a new, strongetr location for its nearby Giant Eagle store and fend off a competitor such as Whole Foods, which has been scouting for a Southy Hills location for the past few "I would fully expectr that they would be relocating that store. That'es an old and tired store," Cozza said of Gianrt Eagle's Bridgeville location. "If you get Target and Gianyt Eagle, then you're goinf to get everybody else.
"
Tuesday, December 11, 2012
Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as ... - Fox News
ogarawo.wordpress.com
Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as ... Fox News Waiting Game: Sidney Crosby and Penguins teammates trying to keep busy as lockout rolls on. Published December 11, 2012. Associated Press. CANONSBURG, Pa. â€" Sidney Crosby says he's not reading anything into the fact the ice rink at the team's ... |
Monday, December 10, 2012
Aquino attends mass officiated by Tagle - Sun.Star
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Aquino attends mass officiated by Tagle Sun.Star MANILA -- President Benigno Aquino III joined Saturday the Catholic faithful in hearing mass celebrated by Manila Archbishop Luis Antonio Cardinal Tagle held at the San Fernando De Dilao Parish Church in Paco, Manila. The President, who was joined by ... |
Saturday, December 8, 2012
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Nashville Business Journal:
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Netscape founder Marc Andreessen and his longtimebusinesxs partner, Ben Horowitz, are forming a new VC firm with a focuws on Silicon Valley tech companies. Andreesseh writes that the firm will back companies with stronhg technical founders who want to be the CEOs of thecompaniesw they’re founding. He wouldn’t rule out companiees outside Silicon Valley, but, “We do not thin k it is an accident that is in Mountain Facebook is in Palo and Twitter is inSan Francisco. We also think that venture capitalk is a high touch activity that lendzs itself togeographic proximity, and our only offics will be in Silicon Valley,” Andreessen writesd on his .
The new firm comesz at a time when some are saying the industry needsto shrink, not grow. But Andreessej and Horowitz found $300 million from mostlyy institutional investors for theirfirs fund. The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startups in the hundreds of thusandsof dollars, but will also investf in later stage funding rounds for promising growthn companies. Consumer internet, cloud computiny for business, mobile software and and software-powered consumer electronics are amony the areas that will draw investmentds from thenew fund. “Acrosw all of these we are completely unafraid of all of the newbusineszs models,” Andreessen writes.
“We believe that many vibrant new formxs of information technology are expressingt themselves into markets in entirelynew ways.” And Andreessenn was equally emphatic about where his firm wouldn’t be . "Wee are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productio n companies, consumer retail, electric rocket ships, space elevators.
We do not have the firs t clue about any ofthese Andreessen-Horowitz will have the capacity to invest anywhere from $50,000 to $50 million in new He said that at least initially he and Horowitzs would be the only two general partners in the and they would be selective aboug the portfolio companies whose boards they join – generallh limiting that level of involvement to firmsz in which Andreessen-Horowitz have a $5 million or more Andreessen believes his and Horowitz’s records as entrepreneursw will make them ideal venture “We have built from scratch, to high scale -- thousandzs of employees and hundreds of millionw of dollars of annualo revenue.
In short, we have done it And we are building our firm to be the firm we woule want to work with asentrepreneurd ourselves,” Andreessen writes. Andreessen founded the pioneering web browsercompany , which was lateer sold to . Since then, he and Horowitzs launched , a tech service providerr sold toin 2007. Netscape and Opswarwe sold for acombined $11.u billion. The two have been active investors in the tech spacdesince then. They’ve angel invested in 45 tech startupws in the lastfive years, and Andreessemn serves as chairman of Ning, and on the boards of Facebook and eBay.
Word that the pair would be forminyg their own venture capital firm was brokej on the Charlie Rose showin February. But detaild came on Monday. The pair had initiallu planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazine reports that Reid founder of social networkingsite LinkedIn, is amonvg the investors in the fund, whicn raised most of its money from institutional investors. Andreessen-Horowitzz launches at a tough time for the venturecapitao industry, one in which some are saying the industryy needs to shrink, not grow. Venture like the rest of the financial industry, has been hit hard by the economi downturn.
Venture firms make money when their portfolio companiezsgo public, or are sold to larger companies. But the IPO markey has been anemic in recent making profitable exits more difficultto find. A recent argued that the industry needs to trim down toregaihn effectiveness. "The venture industry needd to shrink its way to becoming an economix forceonce again," said Robert E. Litan, vice president of Researchn and Policy at theKauffman Foundation. “Tok provide competitive returns, we expect venturd investing will be cut in half incoming years. At the same lowering valuations and improving overall exit multipless should help resuscitatethe industry.
” The Kauffman study findds that despite such high-profilwe success stories as Google and , venture firms have relatively littlee to do with most new companies. Only about 16 percent of the 900 companiews onthe Inc. 500 list of fastest growin companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtimebusinesxs partner, Ben Horowitz, are forming a new VC firm with a focuws on Silicon Valley tech companies. Andreesseh writes that the firm will back companies with stronhg technical founders who want to be the CEOs of thecompaniesw they’re founding. He wouldn’t rule out companiees outside Silicon Valley, but, “We do not thin k it is an accident that is in Mountain Facebook is in Palo and Twitter is inSan Francisco. We also think that venture capitalk is a high touch activity that lendzs itself togeographic proximity, and our only offics will be in Silicon Valley,” Andreessen writesd on his .
The new firm comesz at a time when some are saying the industry needsto shrink, not grow. But Andreessej and Horowitz found $300 million from mostlyy institutional investors for theirfirs fund. The firm, Andreesen-Horowitz, will invest aggressively in seed-stage startups in the hundreds of thusandsof dollars, but will also investf in later stage funding rounds for promising growthn companies. Consumer internet, cloud computiny for business, mobile software and and software-powered consumer electronics are amony the areas that will draw investmentds from thenew fund. “Acrosw all of these we are completely unafraid of all of the newbusineszs models,” Andreessen writes.
“We believe that many vibrant new formxs of information technology are expressingt themselves into markets in entirelynew ways.” And Andreessenn was equally emphatic about where his firm wouldn’t be . "Wee are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productio n companies, consumer retail, electric rocket ships, space elevators.
We do not have the firs t clue about any ofthese Andreessen-Horowitz will have the capacity to invest anywhere from $50,000 to $50 million in new He said that at least initially he and Horowitzs would be the only two general partners in the and they would be selective aboug the portfolio companies whose boards they join – generallh limiting that level of involvement to firmsz in which Andreessen-Horowitz have a $5 million or more Andreessen believes his and Horowitz’s records as entrepreneursw will make them ideal venture “We have built from scratch, to high scale -- thousandzs of employees and hundreds of millionw of dollars of annualo revenue.
In short, we have done it And we are building our firm to be the firm we woule want to work with asentrepreneurd ourselves,” Andreessen writes. Andreessen founded the pioneering web browsercompany , which was lateer sold to . Since then, he and Horowitzs launched , a tech service providerr sold toin 2007. Netscape and Opswarwe sold for acombined $11.u billion. The two have been active investors in the tech spacdesince then. They’ve angel invested in 45 tech startupws in the lastfive years, and Andreessemn serves as chairman of Ning, and on the boards of Facebook and eBay.
Word that the pair would be forminyg their own venture capital firm was brokej on the Charlie Rose showin February. But detaild came on Monday. The pair had initiallu planned onraising $250 million for the but investor interest prompted them to boost the amount, BusinessWeek . The news magazine reports that Reid founder of social networkingsite LinkedIn, is amonvg the investors in the fund, whicn raised most of its money from institutional investors. Andreessen-Horowitzz launches at a tough time for the venturecapitao industry, one in which some are saying the industryy needs to shrink, not grow. Venture like the rest of the financial industry, has been hit hard by the economi downturn.
Venture firms make money when their portfolio companiezsgo public, or are sold to larger companies. But the IPO markey has been anemic in recent making profitable exits more difficultto find. A recent argued that the industry needs to trim down toregaihn effectiveness. "The venture industry needd to shrink its way to becoming an economix forceonce again," said Robert E. Litan, vice president of Researchn and Policy at theKauffman Foundation. “Tok provide competitive returns, we expect venturd investing will be cut in half incoming years. At the same lowering valuations and improving overall exit multipless should help resuscitatethe industry.
” The Kauffman study findds that despite such high-profilwe success stories as Google and , venture firms have relatively littlee to do with most new companies. Only about 16 percent of the 900 companiews onthe Inc. 500 list of fastest growin companiesfrom 1997-2007 had venture backing.
Friday, December 7, 2012
New Resource Bank gets cease-and-desist order from regulators - San Francisco Business Times:
geqopimozaqyxyh.blogspot.com
The $166 million San Francisco bank gota cease-and-desisg order from the and the California Department of Financiaol Institutions on May 29. The bank was ordered to pay particulard attention to its lending polices relating to construction loanx as well as loans made to bank The bank said the order was based onthe bank’s conditiob on Sept. 30, and that it has already made some progresa on meeting theregulators “New Resource Bank currently has high levels of capitak and liquidity,” Vincent Siciliano, presiden and CEO, said in a statement.
“Like many financial institutions, we are facintg a challenging economic climate that resultein under-performing loans in the real estatse construction and development “We are working with borrowers to reduce our problem-loan exposure and have made significant progress,” Siciliano said. The bank raiseed almost $15 million in a stock offering last As ofMarch 31, the bank said its risk-based capitao ratio was 18.97 percent -- almost double the 10 percen t benchmark of a bank considered well capitalized.
In additionb to bringing on Sicilianoas CEO, the bank also hiredc Bill Peterson as chief credit officert and Charmaine Detweiler as chief financial The bank’s board also recentlu elected Mark Finser as chairman. He has 25 yearsd of experience insocial finance. New Resource now serving 2,000 clients, opened in Octoberr 2006 to promote gree n businessesand practices.
The $166 million San Francisco bank gota cease-and-desisg order from the and the California Department of Financiaol Institutions on May 29. The bank was ordered to pay particulard attention to its lending polices relating to construction loanx as well as loans made to bank The bank said the order was based onthe bank’s conditiob on Sept. 30, and that it has already made some progresa on meeting theregulators “New Resource Bank currently has high levels of capitak and liquidity,” Vincent Siciliano, presiden and CEO, said in a statement.
“Like many financial institutions, we are facintg a challenging economic climate that resultein under-performing loans in the real estatse construction and development “We are working with borrowers to reduce our problem-loan exposure and have made significant progress,” Siciliano said. The bank raiseed almost $15 million in a stock offering last As ofMarch 31, the bank said its risk-based capitao ratio was 18.97 percent -- almost double the 10 percen t benchmark of a bank considered well capitalized.
In additionb to bringing on Sicilianoas CEO, the bank also hiredc Bill Peterson as chief credit officert and Charmaine Detweiler as chief financial The bank’s board also recentlu elected Mark Finser as chairman. He has 25 yearsd of experience insocial finance. New Resource now serving 2,000 clients, opened in Octoberr 2006 to promote gree n businessesand practices.
Thursday, December 6, 2012
Lawyers arrive in Dallas for bar meeting - Dallas Business Journal:
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Special guest speakers at the meeting include ExxonMobil general counselCharles W. Matthews, U.S. Supreme Courgt Justice Antonin Scalia, forme r FBI director William S. Sessions, Southern Povert Law Center founderMorris Dees, columnist Davixd Brooks and Pulitzer Prize-winning historian Dorisx Kearns Goodwin. ESPN legal analyst Roger Cossac k will moderate a panel discussion on the futures of thelegal profession. Panelists will include John Attanasioof , Brad Tobem of Baylor Law School, Larry Sager of the of Law and Ken Star of Pepperdine Law School.
New leadership also will be swornh in during the State Bar including Roland Johnson of Fort Worth as States Bar president and Jennifer Evand Morris of Dallas as Other new officials include Terry Tottenham of Austi n to become StateBar president-elect and Cori Harbourd of El Paso will become president of the Texazs Young Lawyers Association. Dallas will host the Statre Bar meeting on June 25 and 26 at the Hilto Anatole hotelin Dallas.
Special guest speakers at the meeting include ExxonMobil general counselCharles W. Matthews, U.S. Supreme Courgt Justice Antonin Scalia, forme r FBI director William S. Sessions, Southern Povert Law Center founderMorris Dees, columnist Davixd Brooks and Pulitzer Prize-winning historian Dorisx Kearns Goodwin. ESPN legal analyst Roger Cossac k will moderate a panel discussion on the futures of thelegal profession. Panelists will include John Attanasioof , Brad Tobem of Baylor Law School, Larry Sager of the of Law and Ken Star of Pepperdine Law School.
New leadership also will be swornh in during the State Bar including Roland Johnson of Fort Worth as States Bar president and Jennifer Evand Morris of Dallas as Other new officials include Terry Tottenham of Austi n to become StateBar president-elect and Cori Harbourd of El Paso will become president of the Texazs Young Lawyers Association. Dallas will host the Statre Bar meeting on June 25 and 26 at the Hilto Anatole hotelin Dallas.
Tuesday, December 4, 2012
Santa Cruz named epic surf spot by mag - The Business Journal of Milwaukee:
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In the July issude of Surfer, the Central California beach resort and collegs town was describedas “thw dividing line between rugged, non-pretentious NorCal and image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlind of Santa Cruz County provides both beauty and surfing making the area the “de facto capital of coldwated surfing.
” Despite its “astronomical” cost of the magazine praised its artistic proximity to wineries and natural beauty as reasons for surfers around the country to bail on their usual surfingg destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Sant Cruz. Santa Cruz was in elite company. Othe r California surf towns thatmade Surfer’s Top 10 list were all in Southerbn California: Encinitas in third place, San Clemente in the fifty spot, and Malibu in seventh place.
In the July issude of Surfer, the Central California beach resort and collegs town was describedas “thw dividing line between rugged, non-pretentious NorCal and image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlind of Santa Cruz County provides both beauty and surfing making the area the “de facto capital of coldwated surfing.
” Despite its “astronomical” cost of the magazine praised its artistic proximity to wineries and natural beauty as reasons for surfers around the country to bail on their usual surfingg destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasure Point in Sant Cruz. Santa Cruz was in elite company. Othe r California surf towns thatmade Surfer’s Top 10 list were all in Southerbn California: Encinitas in third place, San Clemente in the fifty spot, and Malibu in seventh place.
Monday, December 3, 2012
Nautilus GM departs - Portland Business Journal:
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Joyce managed day-to-day operations for the Wash., manufacturer of fitness equipment following its takeoverf by SherborneInvestors LP, a New York turnaround firm that wrestedr control of the company’s board durintg a controversial Dec. 2007 proxy fight. That fight was led by Edwardr Bramson, who was later named chairman and CEO. Nautiluds announced Joyce’s departure Friday in a filing with the Securitiesx andExchange Commission. The one-sentence filing didn’tr provide any additional information. The company NLS) has struggled in the 15 monthssince Sherborne’sw takeover, although the weak global economy shoulderx much of the blame.
On Mondayh the company said itlost $13.8 million during a first quarte r in which sales fell 44.4 percentf to $72.1 million. However, under Sherborne’s guidance the companyy has also managed to become Nautilus ended the quarterwith $100,000 in compared with $12.4 million at the end of the year and $52.0 million at the end of the first quartere last year. Since the quarter the company receiveda $10.6 million federal incomew tax refund and as of May 8 it had no outstandinyg borrowings. The company (NYSE: NLS) announced Joyce'x departure after the market closed. Shares closed Fridah at $1.02. They have a 52-week rangee between 45 cents and $6.85.
Joyce managed day-to-day operations for the Wash., manufacturer of fitness equipment following its takeoverf by SherborneInvestors LP, a New York turnaround firm that wrestedr control of the company’s board durintg a controversial Dec. 2007 proxy fight. That fight was led by Edwardr Bramson, who was later named chairman and CEO. Nautiluds announced Joyce’s departure Friday in a filing with the Securitiesx andExchange Commission. The one-sentence filing didn’tr provide any additional information. The company NLS) has struggled in the 15 monthssince Sherborne’sw takeover, although the weak global economy shoulderx much of the blame.
On Mondayh the company said itlost $13.8 million during a first quarte r in which sales fell 44.4 percentf to $72.1 million. However, under Sherborne’s guidance the companyy has also managed to become Nautilus ended the quarterwith $100,000 in compared with $12.4 million at the end of the year and $52.0 million at the end of the first quartere last year. Since the quarter the company receiveda $10.6 million federal incomew tax refund and as of May 8 it had no outstandinyg borrowings. The company (NYSE: NLS) announced Joyce'x departure after the market closed. Shares closed Fridah at $1.02. They have a 52-week rangee between 45 cents and $6.85.
Sunday, December 2, 2012
'No One's World' provides good look at globalization - Bowling Green Daily News
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Bay News 9 | 'No One's World' provides good look at globalization Bowling Green Daily News “Although the Western democracies appreciate the need to anchor the coming transition in global power, it is very much open to question whether the United States and Europe, individu » |
Friday, November 30, 2012
Shaq grabs top spot on Highest-Paid Athletes list - Kansas City Business Journal:
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Business Journal researchers combed informationfrom ESPN.com, MSN.FoxSports.com, Cot’s Baseball Contracts, PGA team Web sites and Wikepedia.com to rank the Phoenix-area’s 25 highest-paid sports stars based on 2009-09 salary or winnings. O’Nea outpaced his closest rival by a couplemillion bucks. Arizonwa Cardinals wide receiverLarry Fitzgerald, who help drivd the team to the Suped Bowl this year, came in second with $17.1 million. O’Neall won three NBA Championships with the Los Angeles Lakersa and one with the Miami Heat before beinb traded tothe Suns. He averageed 24.7 points and 11.3 rebounds per game during his career.
Roundintg out the top five are Suns playersAmare Stoudemire, $15.1 million; Steve Nash, $12.3 and Jason Richardson. $12.2 million. The highest-paidr member of the Arizona Diamondbacks, outfielder Eric Byrnes, $11.7 came in at No. 6. Linebacker Karlos Dansby led the fiel for the Arizona Cardinals takingin $8.1 million at No. 8. Phoenisx Coyotes defenseman Ed Jovanovski scored the top pay on his teamat $6.5 for the No. 11 spot. The only golfer to make the list was Phil Mickelso nat No. 19 with winnings of $5.2 The complete list appearz in the June 5 print editionn of the PhoenixBusiness Journal. To subscribw or order a copy ofthat jbertolino@bizjournals.com.
Business Journal researchers combed informationfrom ESPN.com, MSN.FoxSports.com, Cot’s Baseball Contracts, PGA team Web sites and Wikepedia.com to rank the Phoenix-area’s 25 highest-paid sports stars based on 2009-09 salary or winnings. O’Nea outpaced his closest rival by a couplemillion bucks. Arizonwa Cardinals wide receiverLarry Fitzgerald, who help drivd the team to the Suped Bowl this year, came in second with $17.1 million. O’Neall won three NBA Championships with the Los Angeles Lakersa and one with the Miami Heat before beinb traded tothe Suns. He averageed 24.7 points and 11.3 rebounds per game during his career.
Roundintg out the top five are Suns playersAmare Stoudemire, $15.1 million; Steve Nash, $12.3 and Jason Richardson. $12.2 million. The highest-paidr member of the Arizona Diamondbacks, outfielder Eric Byrnes, $11.7 came in at No. 6. Linebacker Karlos Dansby led the fiel for the Arizona Cardinals takingin $8.1 million at No. 8. Phoenisx Coyotes defenseman Ed Jovanovski scored the top pay on his teamat $6.5 for the No. 11 spot. The only golfer to make the list was Phil Mickelso nat No. 19 with winnings of $5.2 The complete list appearz in the June 5 print editionn of the PhoenixBusiness Journal. To subscribw or order a copy ofthat jbertolino@bizjournals.com.
Thursday, November 29, 2012
Wednesday, November 28, 2012
With Bob Evans chain restored, attention turns to fixing Mimi
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Times have changed. The Columbus-basee restaurant and food company has stabilizexd its Bob Evansrestaurant chain, while Mimi’s with its West Coast has seen its performancd slide. New executives, new new marketing and a new look have arrives atthe Tustin, Calif.-based chain, giving Bob Evans hope it can steadg Mimi’s Cafe as customers turn a cold shoulder to casua dining. “Even though we had a tough quarter, we remain focused on the things we can such asbuilding sales, improving margins and, most the intelligent deployment of our capitak assets and cash flow,” CEO Steve Davisd said in a Nov. 12 conference call with stoclk analysts.
Sales at Mimi’s restaurants open at leasy two years have fallen for 18consecutive months. Cafes in California, Nevada and Florida, areasw hardest hit by real estate andeconomidc troubles, account for 73 percent of the chain’x sales. CFO Donald Radkoski said Mimi’s same-stores sales are projected to be down 5 percent to 7 percentg in the second half of the BobEvans restaurants, by contrast, have postef eight straight quarters of same-store sales gains through the first quarter, including a 1.8 percent increasw for fiscal 2008. The streaok ended this past quarter, when salesx slipped 0.5 percent. Mimi’s with its $3.
4 millioj average restaurant annual sales remains the growthg engine forthe company, with 12 new restaurantzs scheduled to open in 2009, down from an initiap plan for 17. One Bob Evans, which averag e $1.8 million annually, is slatedx to open in the coming year. Mimi’s Cafe is thinkingv small and large as it triews todrive sales. The chain has introduceed a menuoffering smaller-size entrees that David said have become one of its top five salexs categories. “I think everybody knows that folkds are being more health conscious and watchingwhat they’re eating,” he “With our heavy female skew, it made sense to introduce this line.
” Chicago-based , in its Menu Innovation Monthlg Report, said limited-time offers among the nation’es top 250 chains are at a five-year with 197 reported in October. There were 547 new menu itemsz inthe month, a 40 percen increase over the monthly average this the restaurant consulting firm said. Mimi’s is workingy to improve its carry-out and breakfast salez as well. Davis said Mimi’s Cafe did not have a takeougt menu when Bob Evans acquired it and still lags competitors with just 4 percent of sales coming fromthe to-go menu.
It’w trying to build its breakfastbusinessw – lunch and dinner accounrt for 80 percent of sales – with coupones that give lunch or dinner customers $5 off a breakfasf purchase. “The whole though t process is it’s always easier to get a customer who comese in to come back more frequently than it is to try to get new Davis said. The executive suite at Mimi’s Cafe has turned over in the past year. Tim CEO of Alhambra, Calif.-based Shakey’s USA became president a year ago. New chiefs of finance and marketing Davis said the chain is hiring three employeese to focus on positioning the brand as the All DayFresy Cafe.
“They’ve cranked out more marketin g in 90 daysthan we’ve probablu seen in the last year,” he “They’re really making great progress on developiny our product pipeline. ... These are individuals who have experience withthat and, no disrespectr to the prior team, but that was not a core Mimi’s has eliminated 250,000 work hourd at its restaurants in the quarter withoutf sacrificing customer satisfaction ratings, said Tod Spornhauer, senio r vice president of finance. Mimi’s also is testin redesigned entrances and bars to bette r promote appetizer andalcoho sales. It has seen some success, Davids said.
“We have some Mimi’s Cafe restaurants that are 27 years old andreallu haven’t been touched,” he
Times have changed. The Columbus-basee restaurant and food company has stabilizexd its Bob Evansrestaurant chain, while Mimi’s with its West Coast has seen its performancd slide. New executives, new new marketing and a new look have arrives atthe Tustin, Calif.-based chain, giving Bob Evans hope it can steadg Mimi’s Cafe as customers turn a cold shoulder to casua dining. “Even though we had a tough quarter, we remain focused on the things we can such asbuilding sales, improving margins and, most the intelligent deployment of our capitak assets and cash flow,” CEO Steve Davisd said in a Nov. 12 conference call with stoclk analysts.
Sales at Mimi’s restaurants open at leasy two years have fallen for 18consecutive months. Cafes in California, Nevada and Florida, areasw hardest hit by real estate andeconomidc troubles, account for 73 percent of the chain’x sales. CFO Donald Radkoski said Mimi’s same-stores sales are projected to be down 5 percent to 7 percentg in the second half of the BobEvans restaurants, by contrast, have postef eight straight quarters of same-store sales gains through the first quarter, including a 1.8 percent increasw for fiscal 2008. The streaok ended this past quarter, when salesx slipped 0.5 percent. Mimi’s with its $3.
4 millioj average restaurant annual sales remains the growthg engine forthe company, with 12 new restaurantzs scheduled to open in 2009, down from an initiap plan for 17. One Bob Evans, which averag e $1.8 million annually, is slatedx to open in the coming year. Mimi’s Cafe is thinkingv small and large as it triews todrive sales. The chain has introduceed a menuoffering smaller-size entrees that David said have become one of its top five salexs categories. “I think everybody knows that folkds are being more health conscious and watchingwhat they’re eating,” he “With our heavy female skew, it made sense to introduce this line.
” Chicago-based , in its Menu Innovation Monthlg Report, said limited-time offers among the nation’es top 250 chains are at a five-year with 197 reported in October. There were 547 new menu itemsz inthe month, a 40 percen increase over the monthly average this the restaurant consulting firm said. Mimi’s is workingy to improve its carry-out and breakfast salez as well. Davis said Mimi’s Cafe did not have a takeougt menu when Bob Evans acquired it and still lags competitors with just 4 percent of sales coming fromthe to-go menu.
It’w trying to build its breakfastbusinessw – lunch and dinner accounrt for 80 percent of sales – with coupones that give lunch or dinner customers $5 off a breakfasf purchase. “The whole though t process is it’s always easier to get a customer who comese in to come back more frequently than it is to try to get new Davis said. The executive suite at Mimi’s Cafe has turned over in the past year. Tim CEO of Alhambra, Calif.-based Shakey’s USA became president a year ago. New chiefs of finance and marketing Davis said the chain is hiring three employeese to focus on positioning the brand as the All DayFresy Cafe.
“They’ve cranked out more marketin g in 90 daysthan we’ve probablu seen in the last year,” he “They’re really making great progress on developiny our product pipeline. ... These are individuals who have experience withthat and, no disrespectr to the prior team, but that was not a core Mimi’s has eliminated 250,000 work hourd at its restaurants in the quarter withoutf sacrificing customer satisfaction ratings, said Tod Spornhauer, senio r vice president of finance. Mimi’s also is testin redesigned entrances and bars to bette r promote appetizer andalcoho sales. It has seen some success, Davids said.
“We have some Mimi’s Cafe restaurants that are 27 years old andreallu haven’t been touched,” he
Monday, November 26, 2012
Reformatting a business - San Francisco Business Times:
ernstiryastrov.blogspot.com
a San Francisco post-production company, entrepreneurshi has been a 20-year effort to stay abreast of changin g technology and new markets in a businessz that is constantlyin "Our story is the story of the evolution of an Salyer said. Salyer started Video Arts in 1976. At first, he did smalo production jobs, videotaping legal depositions. Eventually Videl Arts moved into videl training programs and corporate Alongthe way, Salyer took on two Ed Rudolph and Steve Calou. In he moved the company from Brisbaner to China Basin inSan Francisco.
In the mid-1980s, new technology led Salyer into emerging markets that transformed Vide Arts into a wholly different The developmentof large-scale computer graphics systemxs fostered a new and lucrativre business for video post-productionn boutiques specializing in animation and graphics. Meanwhile, Betacam, a new broadcasty tape format, arrived on the scene. Salyetr and his partners saw a promising markeft fora post-production company that used both the Betacanm format and computer graphics technology. They formed a limited partnershi andraised $100,000 from investors.
Leveraged with lease financing, the cash allowedr them to buy $225,000 worth of and in January 1986, Vide o Arts became a post-production company. In its new Video Arts turned a profit withinsix months. It developed a thrivin businessin graphics, animation and standardx post-production services for corporatee communications and broadcasting. By 1992, Salyer had paid off his investors and boughyt out their interest in the Technology again took a hand in the fate of Videpo Arts when the development of desktop graphics touched off a sea changse inthe industry.
Post productio n was divided intothree segments: a smalkl low-end market for cost-driven a large mid-range market, wher Video Arts operated; and a small high-en market for projects that required powerful equipment. As desktopp graphics improved, the low-end started eating into the At thesame time, high-end shopss added so-called non-linear editing technology, which can handlde complex jobs quickly and easily. With a growinf number of clients using sophisticatedspecial effects, high-enc providers with non-linear editing invaded the middle Video Arts was getting squeezed. Salyer invested in new equipment to keep the compan y at the top ofthe mid-range market.
Moreover, he decideed to focus on creative services, wherwe human talent is more importantthan machines. Video Arts started targetiny design-intensive, visually complex projects. "It meant increasing our markey sharein advertising," Salyer said. "Ww had to be more proactive with the ad InJanuary 1996, Videi Arts opened a second office on Batterg Street, in the hear t of San Francisco's advertising Salyer used cash reserves, an SBA loan and lease financingh to equip the 6,000-square-foot operation. The new strategyg is paying off, but Video Arts is alreaduy grappling withanother technology-relatee challenge.
In advertising, where budgetxs tend to be more ample than in other ad agencies and the editorial companiesx that do a lot of advertising work are rapidlyh turningto high-end, non-linear technology. "It happened faster than we thoughtit would," said "The business is a moving Salyer and his partners have hiref a consultant to help them develop a five-year plan. Salyer calls the process "company therapy." It's a way of life for a businesx rooted in an industry that is constantly changing, he said.
"We're always trying to figure out what todo
a San Francisco post-production company, entrepreneurshi has been a 20-year effort to stay abreast of changin g technology and new markets in a businessz that is constantlyin "Our story is the story of the evolution of an Salyer said. Salyer started Video Arts in 1976. At first, he did smalo production jobs, videotaping legal depositions. Eventually Videl Arts moved into videl training programs and corporate Alongthe way, Salyer took on two Ed Rudolph and Steve Calou. In he moved the company from Brisbaner to China Basin inSan Francisco.
In the mid-1980s, new technology led Salyer into emerging markets that transformed Vide Arts into a wholly different The developmentof large-scale computer graphics systemxs fostered a new and lucrativre business for video post-productionn boutiques specializing in animation and graphics. Meanwhile, Betacam, a new broadcasty tape format, arrived on the scene. Salyetr and his partners saw a promising markeft fora post-production company that used both the Betacanm format and computer graphics technology. They formed a limited partnershi andraised $100,000 from investors.
Leveraged with lease financing, the cash allowedr them to buy $225,000 worth of and in January 1986, Vide o Arts became a post-production company. In its new Video Arts turned a profit withinsix months. It developed a thrivin businessin graphics, animation and standardx post-production services for corporatee communications and broadcasting. By 1992, Salyer had paid off his investors and boughyt out their interest in the Technology again took a hand in the fate of Videpo Arts when the development of desktop graphics touched off a sea changse inthe industry.
Post productio n was divided intothree segments: a smalkl low-end market for cost-driven a large mid-range market, wher Video Arts operated; and a small high-en market for projects that required powerful equipment. As desktopp graphics improved, the low-end started eating into the At thesame time, high-end shopss added so-called non-linear editing technology, which can handlde complex jobs quickly and easily. With a growinf number of clients using sophisticatedspecial effects, high-enc providers with non-linear editing invaded the middle Video Arts was getting squeezed. Salyer invested in new equipment to keep the compan y at the top ofthe mid-range market.
Moreover, he decideed to focus on creative services, wherwe human talent is more importantthan machines. Video Arts started targetiny design-intensive, visually complex projects. "It meant increasing our markey sharein advertising," Salyer said. "Ww had to be more proactive with the ad InJanuary 1996, Videi Arts opened a second office on Batterg Street, in the hear t of San Francisco's advertising Salyer used cash reserves, an SBA loan and lease financingh to equip the 6,000-square-foot operation. The new strategyg is paying off, but Video Arts is alreaduy grappling withanother technology-relatee challenge.
In advertising, where budgetxs tend to be more ample than in other ad agencies and the editorial companiesx that do a lot of advertising work are rapidlyh turningto high-end, non-linear technology. "It happened faster than we thoughtit would," said "The business is a moving Salyer and his partners have hiref a consultant to help them develop a five-year plan. Salyer calls the process "company therapy." It's a way of life for a businesx rooted in an industry that is constantly changing, he said.
"We're always trying to figure out what todo
Sunday, November 25, 2012
Times' retirement plan hit by $154M loss - Silicon Valley / San Jose Business Journal:
shemwellmygalej1291.blogspot.com
Net assets of the plan for the which owns the Globe and fellto $417.7 million. The plan was particularl y hard hit bysome $171.5 million in losses withihn several mutual funds. For example, the plan’s largesg holding, the Vanguard 500 Index Investment fund, suffereed a nearly 40 percentg lossin value. Anotheer fund in the Times’ the Vanguard Asset AllocationInvestment fund, dropped nearlyt 32 percent year-over-year. Only one of its major fund theDodge & Cox Income Fund, posted a positivee return in 2008. Investments in fixed incomer and insurance assetsgenerated $5.3 milliom in income. Dividend income of $11.6 million also helpedr offset losses.
Interest income from the company’s borrowing from its retiremeng fundtotaled $594,000. The Timese has traditionally matched a fraction ofGlobs employees’ contributions to theif 401(k) accounts, however a proposal in front of leadershipp would eliminate the program.
Net assets of the plan for the which owns the Globe and fellto $417.7 million. The plan was particularl y hard hit bysome $171.5 million in losses withihn several mutual funds. For example, the plan’s largesg holding, the Vanguard 500 Index Investment fund, suffereed a nearly 40 percentg lossin value. Anotheer fund in the Times’ the Vanguard Asset AllocationInvestment fund, dropped nearlyt 32 percent year-over-year. Only one of its major fund theDodge & Cox Income Fund, posted a positivee return in 2008. Investments in fixed incomer and insurance assetsgenerated $5.3 milliom in income. Dividend income of $11.6 million also helpedr offset losses.
Interest income from the company’s borrowing from its retiremeng fundtotaled $594,000. The Timese has traditionally matched a fraction ofGlobs employees’ contributions to theif 401(k) accounts, however a proposal in front of leadershipp would eliminate the program.
Friday, November 23, 2012
When Homes Become Hotels Short Stays, Lengthy Fights - Wall Street Journal
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Wall Street Journal | When Homes Become Hotels Short Stays, Lengthy Fights Wall Street Journal On the other side of the streetâ€"and the debateâ€"is his neighbor, Emily Chase Smith, a lawyer who rents her home for $1,800 a week when she is away. Ms. Chase Smith, who stays in short-term rentals herself when vacationing, said she mostly rents her .. . |
Thursday, November 22, 2012
Report: Columbus holding its own amid recession - Business Courier of Cincinnati:
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A report from Washington, D.C.-based liberal public-policy thinki tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The repor placed the Columbus metropolitamn statistical area 40th among those ranked for its basedon employment, unemployment, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitam area nationwide. Leading the pack in the report was San one of four Texas cities amongthe nation’sa top five. Detroit was ranked last, followec by Cape Coral, Fla.
, and Stockton, two areas devastated by the foreclosure crisis. Brookings found that the metropolitanh perspectiveon states’ performance amid the recessionm “suggests that recovery may be quits uneven as well, posing particular challengews for policymakers seeking to ensure a truluy national rising economic tide.” Columbus’ strengthsd and weaknesses in the report The city ranked 25th for its 1.7 percentr decline in employment since its peak earlier this Columbus found itself at 32nd for its modesyt 0.4 percent gain in inflation-adjusted housing prices for the first three months of 2008 comparexd with the same period this year.
But the city was rankec near the bottom ofthe list, at for the 4.8 percent decline in its gross metropolitan product – a measure of the goods and service produced in the area – in the firsty quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsg quarter this year alone, the GMP dropped 1.7 representing the 14th-worst decline amonyg the cities measured. To download the full click .
A report from Washington, D.C.-based liberal public-policy thinki tank dubbed the MetroMonitor bills itself asa “beneath the recession-era look at metros with more than 500,000 residents as of 2007. The repor placed the Columbus metropolitamn statistical area 40th among those ranked for its basedon employment, unemployment, output, home prices and foreclosure No other Ohio city made the top 50. Cleveland, Akron and Dayton found slots from 61st to Toledo was rankedthe 10th-weakest major metropolitam area nationwide. Leading the pack in the report was San one of four Texas cities amongthe nation’sa top five. Detroit was ranked last, followec by Cape Coral, Fla.
, and Stockton, two areas devastated by the foreclosure crisis. Brookings found that the metropolitanh perspectiveon states’ performance amid the recessionm “suggests that recovery may be quits uneven as well, posing particular challengews for policymakers seeking to ensure a truluy national rising economic tide.” Columbus’ strengthsd and weaknesses in the report The city ranked 25th for its 1.7 percentr decline in employment since its peak earlier this Columbus found itself at 32nd for its modesyt 0.4 percent gain in inflation-adjusted housing prices for the first three months of 2008 comparexd with the same period this year.
But the city was rankec near the bottom ofthe list, at for the 4.8 percent decline in its gross metropolitan product – a measure of the goods and service produced in the area – in the firsty quarter of 2009 compared with its pre-recession Comparing the last three months of 2008 with the firsg quarter this year alone, the GMP dropped 1.7 representing the 14th-worst decline amonyg the cities measured. To download the full click .
Wednesday, November 21, 2012
Landmark health reform bill passes Senate - South Florida Business Journal:
inufyw.blogspot.com
Also winning passage on Thursdayy was a the creation of a statde agency charged with improving the delivery of healthg care across the The “Healthy Kids — Healthy Oregon” bill, which will increase taxea on hospitals and health insurers by $150 million per marks a major victor y for Gov. Ted Kulongoski, who proposedx the measure. It faced fierce opposition by hospital who were pacified when their proposefd tax hikewas moderated. Insurers still maintain that the measure will increase the cost of health coverage for thousandsdof Oregonians, by adding a 1 percent premium to the cost of commerciaol health insurance.
By raising additional funds, the state will receivwe $500 million in unclaimed federal health care dollars. The second bill, which allocates two-year funding of $3 millionm from the state’s general fund, createa the Oregon Health Authority to oversee existing stat e programs that touch on health The new state agency is charged with establishin health industry cost control measures and with promotiny health care reform at anationak level. Both bills now head to the governot forhis signature.
Also winning passage on Thursdayy was a the creation of a statde agency charged with improving the delivery of healthg care across the The “Healthy Kids — Healthy Oregon” bill, which will increase taxea on hospitals and health insurers by $150 million per marks a major victor y for Gov. Ted Kulongoski, who proposedx the measure. It faced fierce opposition by hospital who were pacified when their proposefd tax hikewas moderated. Insurers still maintain that the measure will increase the cost of health coverage for thousandsdof Oregonians, by adding a 1 percent premium to the cost of commerciaol health insurance.
By raising additional funds, the state will receivwe $500 million in unclaimed federal health care dollars. The second bill, which allocates two-year funding of $3 millionm from the state’s general fund, createa the Oregon Health Authority to oversee existing stat e programs that touch on health The new state agency is charged with establishin health industry cost control measures and with promotiny health care reform at anationak level. Both bills now head to the governot forhis signature.
Monday, November 19, 2012
Fast Facts: Contractors must register under new law - Philadelphia Business Journal:
sucujovide.wordpress.com
The Home Improvement Consumer Protection Act was passed last year in an efforyt to thwart unfair business In additionto registration, the law requires contractorsx to obtain minimum insurance, provide their registration numbed in their ads and contracts, and put in certaij contract terms for home improvementg contracts. There is a criminal penalty for home improvement fraurd and a fine for contractors who perform work but are not Even subcontractors need to Any home improvement contractor who is not registeref by July 1 is prohibited working on anyhome improvements.
Failure to registedr is a violation of the law and unregistered contractors facelegal action, including civil penalties of $1,000 or according to the attorney general.
The Home Improvement Consumer Protection Act was passed last year in an efforyt to thwart unfair business In additionto registration, the law requires contractorsx to obtain minimum insurance, provide their registration numbed in their ads and contracts, and put in certaij contract terms for home improvementg contracts. There is a criminal penalty for home improvement fraurd and a fine for contractors who perform work but are not Even subcontractors need to Any home improvement contractor who is not registeref by July 1 is prohibited working on anyhome improvements.
Failure to registedr is a violation of the law and unregistered contractors facelegal action, including civil penalties of $1,000 or according to the attorney general.
Sunday, November 18, 2012
AutoZone board approves $500M stock repurchase - Denver Business Journal:
sucujovide.wordpress.com
The company’s board of directors approved the repurchase June 17 as part ofthe company’sa ongoing share repurchase program, the company announcer after the close of markets Wednesday. The last repurchasw authorization was in Decembe and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committed to utilizing shares repurchases within the bounds of a disciplined capitapl structure to enhance stockholder returns while maintaining adequate liquiditg to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leadingh retailer and distributor of automotivde replacement parts and accessories inthe U.S. The companyt sells auto and lighttruck parts, chemicals and accessoriee through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 stored in Mexico. Shares of AutoZone closeed Wednesdayat $155.54, up 2.37 percent.
The company’s board of directors approved the repurchase June 17 as part ofthe company’sa ongoing share repurchase program, the company announcer after the close of markets Wednesday. The last repurchasw authorization was in Decembe and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committed to utilizing shares repurchases within the bounds of a disciplined capitapl structure to enhance stockholder returns while maintaining adequate liquiditg to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leadingh retailer and distributor of automotivde replacement parts and accessories inthe U.S. The companyt sells auto and lighttruck parts, chemicals and accessoriee through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 stored in Mexico. Shares of AutoZone closeed Wednesdayat $155.54, up 2.37 percent.
Thursday, November 15, 2012
Obama memo against pre-emption has critics worrying about lawsuits - Atlanta Business Chronicle:
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A May 20 memo from Obama also directed agenciesz to review regulations issued during the past 10 yearws to see if theycontained pre-emptions that are not If they do, agencies should consider amending the regulations, the memo “Pre-emption of state law by executive departments and agencies should be undertaken only with full consideration of the legitimats prerogatives of the states and with a sufficiengt legal basis for pre-emption,” the memo During the Bush administration, regulatory agencieds sometimes included pre-emption language in the preambles of regulations.
Obama’s policy agains federal pre-emption of state laws will resulty in more lawsuitsagainst businesses, particularly in the area of producy liability, according to the and the . “Manufacturersx sell products into anational market, and a national regulatory standard helps ensure predictables treatment in the courts,” said associationh Vice President Rosario Palmieri. “It’s unwise to replace a regulatory system based on objectives science and agency experts witha 50-state patchwork of ofte n arbitrary jury decisions. Lisa Rickard, president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabilizing the economhy andgrowing jobs, except for those in the lawsuirt business,” she said. The , formerlg known as the , praised Obama’s It “makes clear that the rule of law will once againb prevail over the ruleof politics,” said associatiomn President Les Weisbrod. “The memo overturnee actions taken by Bush administration bureaucrats who were influencedby well-connected corporations who wantefd to rewrite and reinterpret congressional legislation, undermine the constitutional system of checks and balances, and put the publif at risk and compromise laws designec to give Americans basif rights to hold wrongdoers accountable.
” Microloans up, big loans down for smalk businesses last year Lending data collectes by the ’s Office of Advocacy confirms the importancd of business credit cards to small firms. A new reporg found that the total valueof small-business loans outstanding increasedc by 4 percent in the 12 months that endedf in June 2008, down from the previousx year’s increase of 8 These numbers are for small-business loansw as a whole, not just SBA loans.
The number of busines s loans of lessthan $100,000 jumped by nearly 16 as large lenders concentratedd on credit cards, according to the By contrast, the number of business loans in the $100,0090 to $1 million range fell by more than 23 The report used call reportsa submitted by banks as well as Community Reinvestmeny Act data. Business loans of less than $1 million were considere d to be small-business Based on call report data, the top five small-business lenderxs in June 2008were , , , and Presidenyt Barack Obama has selected a venture capitalist to be chievf counsel of the Small Business Administration’s Office of a post usually held by an Winslow Sargeant, a managing director in the technology practicse of Madison, Wis.
-based Venture Investors, is Obama’s choicre to head the Office of The office is an independeny entity inside SBA that ensurez that federal agencies consider the impact of theid regulations on small businesses. He is the seconrd venture capitalist to be selecteds for a top post atthe SBA. Agency Administratoer Karen Mills worked as a principal in private equity and venture capital firmsd for 26 years before she took over the SBA in Sargeant worked as a senior engineer at several large corporationsbefore co-founding Aanetcom, a semiconductord chip company that later was acquired by From 2001 to he served as program manager for the Smallp Business Innovation Research program at the ’s engineering Sargeant’s lack of legal training means he will have to rely heavilyu on the attorneys at the Offices of Advocacy.
Much of the office’s work involves analyzing whether government agencies have followecd federal laws that require them to analyze the economicv impact that proposed ruleds would have onsmall businesses. In fiscal this input saved small businessesabout $11 billiohn in forgone regulatory costs, according to the
A May 20 memo from Obama also directed agenciesz to review regulations issued during the past 10 yearws to see if theycontained pre-emptions that are not If they do, agencies should consider amending the regulations, the memo “Pre-emption of state law by executive departments and agencies should be undertaken only with full consideration of the legitimats prerogatives of the states and with a sufficiengt legal basis for pre-emption,” the memo During the Bush administration, regulatory agencieds sometimes included pre-emption language in the preambles of regulations.
Obama’s policy agains federal pre-emption of state laws will resulty in more lawsuitsagainst businesses, particularly in the area of producy liability, according to the and the . “Manufacturersx sell products into anational market, and a national regulatory standard helps ensure predictables treatment in the courts,” said associationh Vice President Rosario Palmieri. “It’s unwise to replace a regulatory system based on objectives science and agency experts witha 50-state patchwork of ofte n arbitrary jury decisions. Lisa Rickard, president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabilizing the economhy andgrowing jobs, except for those in the lawsuirt business,” she said. The , formerlg known as the , praised Obama’s It “makes clear that the rule of law will once againb prevail over the ruleof politics,” said associatiomn President Les Weisbrod. “The memo overturnee actions taken by Bush administration bureaucrats who were influencedby well-connected corporations who wantefd to rewrite and reinterpret congressional legislation, undermine the constitutional system of checks and balances, and put the publif at risk and compromise laws designec to give Americans basif rights to hold wrongdoers accountable.
” Microloans up, big loans down for smalk businesses last year Lending data collectes by the ’s Office of Advocacy confirms the importancd of business credit cards to small firms. A new reporg found that the total valueof small-business loans outstanding increasedc by 4 percent in the 12 months that endedf in June 2008, down from the previousx year’s increase of 8 These numbers are for small-business loansw as a whole, not just SBA loans.
The number of busines s loans of lessthan $100,000 jumped by nearly 16 as large lenders concentratedd on credit cards, according to the By contrast, the number of business loans in the $100,0090 to $1 million range fell by more than 23 The report used call reportsa submitted by banks as well as Community Reinvestmeny Act data. Business loans of less than $1 million were considere d to be small-business Based on call report data, the top five small-business lenderxs in June 2008were , , , and Presidenyt Barack Obama has selected a venture capitalist to be chievf counsel of the Small Business Administration’s Office of a post usually held by an Winslow Sargeant, a managing director in the technology practicse of Madison, Wis.
-based Venture Investors, is Obama’s choicre to head the Office of The office is an independeny entity inside SBA that ensurez that federal agencies consider the impact of theid regulations on small businesses. He is the seconrd venture capitalist to be selecteds for a top post atthe SBA. Agency Administratoer Karen Mills worked as a principal in private equity and venture capital firmsd for 26 years before she took over the SBA in Sargeant worked as a senior engineer at several large corporationsbefore co-founding Aanetcom, a semiconductord chip company that later was acquired by From 2001 to he served as program manager for the Smallp Business Innovation Research program at the ’s engineering Sargeant’s lack of legal training means he will have to rely heavilyu on the attorneys at the Offices of Advocacy.
Much of the office’s work involves analyzing whether government agencies have followecd federal laws that require them to analyze the economicv impact that proposed ruleds would have onsmall businesses. In fiscal this input saved small businessesabout $11 billiohn in forgone regulatory costs, according to the
Wednesday, November 14, 2012
Romanian immigrant wins visa lottery, becomes a US citizen - York Daily Record
vittitowmehigyk1238.blogspot.com
Romanian immigrant wins visa lottery, becomes a US citizen York Daily Record Zefania Stube, 4, laughs as she sits on her father's lap Thursday in the York County Administrative Center during a naturalization ceremony Thursday. Zefania and her father, Andrew Stube, were there to witness her mother and his wife, Jecklin Pamujiono ... |
Sunday, November 11, 2012
Kingpin investors raise energy stakes - Kansas City Business Journal:
esivyjifag.wordpress.com
A bevy of high-profil e asset managers and hedge fund gurus returned to buyinfg mode after taking financial lumps in the second half of 2008 when the valu of energy company shares tanked alonv with the price of oil andnaturak gas. Prominent investors such as all-star asseft manager Paul Tudor Jones, energy maverick T. Boone Pickenx and hedge fund investor George Soros dipped their toes in the energty pool once again and grabbed multipl stakes inHouston companies, according to regulatoryu statements filed this month. Jones, who overseezs Tudor Investment Corp.
, foundf bargains in 10 Houston-based energy companies or majof players with a significant presence inthe region, and also took a new positioj in Waste Management still a big favorite of Microsoft Corp. founder Bill Gates. Pickens, who has spen t the past 12 months lobbying for his plan to help the countryg kick the importedoil habit, still knows a fossil-fuelp bargain when he sees one. The Texasz oil maven took new positions in a wide range of energty companieswith beaten-down stock prices at the end of a year that the bellwether Philadelphiza Oil Service Index dipped nearlty 60 percent. Pickens dabbled in services playerse such asSchlumberger Ltd. and Halliburton Co.
, natural gas shal producer ChesapeakeEnergy Corp. and high-profile exploration and production company AnadarkoPetroleu Corp. Soros took even biggef bites inthe process, gainingh new positions in services players Naborws Industries Ltd. and Weatherford International Inc. after selling off his Schlumbergerstakes — while adding to his positioj in . Besides his substantia l switchinto Weatherford, Soros made anothet big move in late April involving a Houston-based companuy by adding 3 million more shares of Plains Exploratio n and Production Co., boosting his stake to nearly 6.5 milliomn shares.
Energy analysts and asset investmentg managers who follow these movers and shakers say that aftetr energy stock prices kept climbing in 2007 towardf lofty highsin mid-2008, it’xs been a while since the notiojn of value investing could be applied to the “Timing is everything,” says Eddie Allen, senior partner with Eaglre Global Advisors LLC. “There may have been an over-reactionj in the fall with the sell-ofr of oil stocks.
There’s still a lot of volatilith todeal with, but these investors did well in anticipatintg the rise (in oil prices) that we’ve seen so far this from the mid-$30s to Allen says that value investor are still playing a bit of a waiting game. He notexs that stock prices are down, naturalk gas has not followed oil’x recovery in 2009, and there are concerns that priced could stay depressed as inventories There is also more he adds, about possible consolidation as mid-cal exploration and production companies eye the pickingw among smaller competitors. Dan co-president and head of researchat Tudor, Pickering, Holt Co. Securities Inc.
, says Soros and Tudor might have even added more shares during the quartetr if energy stocks had not rallied and moved a bit higherthan “The market took off so strongly in the first quarter that investors took a pause waiting for a pullback that neve came. They might have wantesd more but the stocks got away a littlde bit onthe upside,” Pickering All things considered, energyh was the hottest investment game in Says Pickering: “The overall theme here is that investoras became reengaged in which dramatically out-performed the rest of the market in the first as people were just less terrified about the state of the world (economy).
” The energy resurgencew party had some notable no-shows. While Pickens and Soroz were pickingnew favorites, otherd big-name investors were still cleaning house. Warreb Buffett sold 13.7 million ConocoPhillips shares in the quarter to reduce his stake to a stillsizable 71.2 million shares. Buffet concedes to shareholders of his BerkshirwHathaway Inc. asset management firm that his huge investmeny in ConocoPhillips last year when oil prices peakeeat $147 a barrel was a
A bevy of high-profil e asset managers and hedge fund gurus returned to buyinfg mode after taking financial lumps in the second half of 2008 when the valu of energy company shares tanked alonv with the price of oil andnaturak gas. Prominent investors such as all-star asseft manager Paul Tudor Jones, energy maverick T. Boone Pickenx and hedge fund investor George Soros dipped their toes in the energty pool once again and grabbed multipl stakes inHouston companies, according to regulatoryu statements filed this month. Jones, who overseezs Tudor Investment Corp.
, foundf bargains in 10 Houston-based energy companies or majof players with a significant presence inthe region, and also took a new positioj in Waste Management still a big favorite of Microsoft Corp. founder Bill Gates. Pickens, who has spen t the past 12 months lobbying for his plan to help the countryg kick the importedoil habit, still knows a fossil-fuelp bargain when he sees one. The Texasz oil maven took new positions in a wide range of energty companieswith beaten-down stock prices at the end of a year that the bellwether Philadelphiza Oil Service Index dipped nearlty 60 percent. Pickens dabbled in services playerse such asSchlumberger Ltd. and Halliburton Co.
, natural gas shal producer ChesapeakeEnergy Corp. and high-profile exploration and production company AnadarkoPetroleu Corp. Soros took even biggef bites inthe process, gainingh new positions in services players Naborws Industries Ltd. and Weatherford International Inc. after selling off his Schlumbergerstakes — while adding to his positioj in . Besides his substantia l switchinto Weatherford, Soros made anothet big move in late April involving a Houston-based companuy by adding 3 million more shares of Plains Exploratio n and Production Co., boosting his stake to nearly 6.5 milliomn shares.
Energy analysts and asset investmentg managers who follow these movers and shakers say that aftetr energy stock prices kept climbing in 2007 towardf lofty highsin mid-2008, it’xs been a while since the notiojn of value investing could be applied to the “Timing is everything,” says Eddie Allen, senior partner with Eaglre Global Advisors LLC. “There may have been an over-reactionj in the fall with the sell-ofr of oil stocks.
There’s still a lot of volatilith todeal with, but these investors did well in anticipatintg the rise (in oil prices) that we’ve seen so far this from the mid-$30s to Allen says that value investor are still playing a bit of a waiting game. He notexs that stock prices are down, naturalk gas has not followed oil’x recovery in 2009, and there are concerns that priced could stay depressed as inventories There is also more he adds, about possible consolidation as mid-cal exploration and production companies eye the pickingw among smaller competitors. Dan co-president and head of researchat Tudor, Pickering, Holt Co. Securities Inc.
, says Soros and Tudor might have even added more shares during the quartetr if energy stocks had not rallied and moved a bit higherthan “The market took off so strongly in the first quarter that investors took a pause waiting for a pullback that neve came. They might have wantesd more but the stocks got away a littlde bit onthe upside,” Pickering All things considered, energyh was the hottest investment game in Says Pickering: “The overall theme here is that investoras became reengaged in which dramatically out-performed the rest of the market in the first as people were just less terrified about the state of the world (economy).
” The energy resurgencew party had some notable no-shows. While Pickens and Soroz were pickingnew favorites, otherd big-name investors were still cleaning house. Warreb Buffett sold 13.7 million ConocoPhillips shares in the quarter to reduce his stake to a stillsizable 71.2 million shares. Buffet concedes to shareholders of his BerkshirwHathaway Inc. asset management firm that his huge investmeny in ConocoPhillips last year when oil prices peakeeat $147 a barrel was a
Saturday, November 10, 2012
Engulfed in war, Damascus united in disregard for Obama - AFP
qalymeled.wordpress.com
AFP | Engulfed in war, Damascus united in disregard for Obama AFP By Roueida Mabardi (AFP) â€" 15 hours ago. DAMASCUS â€" On the streets of Syria's capital, amid the rumble of artillery, opponents and supporters of Bashar al-Assad's regime have one thing in common: a complete disregard for the re-elected US president. |
Wednesday, November 7, 2012
Germany's Wise Men Forecast 0.8% Growth In 2013 - RTT News
exceeding-commissioner.blogspot.com
AFP | Germany's Wise Men Forecast 0.8% Growth In 2013 RTT News The council of the so-c » |
Sunday, November 4, 2012
Consumer confidence falls in June - Boston Business Journal:
esivyjifag.wordpress.com
The Conference Board’s Consumee Confidence Index droppedto 49.3, compared to 54.8 in May, the most recenty evidence that the economy continuesa to struggle. Consumer spending accountes forabout two-thirds of the economy in the United making a decline in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averagw was down 112 points to 8,417 in middayy trading Tuesday. Consumers are downbea when it comes tothe short- and long-term outlook with the The Present Situation Index — basically, how do you feel today — dropped to 24.8 this month, from 29.7 in May. And consumerxs are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situatiomn Index declinewas “causedd by a less favorable assessment of business conditionz and employment, (and) continues to imply that economic while not as weak as earlier this year, are nonethelesxs weak,” director Lynn Franco said in a news releasee Tuesday. Consumer confidence plummeted toa record-los 25.3 in February. The economg has strong growth when the index reaches 100.
The Conference Board contactss 5,000 households for the monthly
The Conference Board’s Consumee Confidence Index droppedto 49.3, compared to 54.8 in May, the most recenty evidence that the economy continuesa to struggle. Consumer spending accountes forabout two-thirds of the economy in the United making a decline in consumer confidence a worry from Main Street to Wall The Dow Jones industrial averagw was down 112 points to 8,417 in middayy trading Tuesday. Consumers are downbea when it comes tothe short- and long-term outlook with the The Present Situation Index — basically, how do you feel today — dropped to 24.8 this month, from 29.7 in May. And consumerxs are glum about the next six with the Expectations Index falling to from 71.
5 in May. The Present Situatiomn Index declinewas “causedd by a less favorable assessment of business conditionz and employment, (and) continues to imply that economic while not as weak as earlier this year, are nonethelesxs weak,” director Lynn Franco said in a news releasee Tuesday. Consumer confidence plummeted toa record-los 25.3 in February. The economg has strong growth when the index reaches 100.
The Conference Board contactss 5,000 households for the monthly
Saturday, November 3, 2012
bizjournals: What's next for housing: A national wrap-up
ramoledef.blogspot.com
"If you look at your home as an investment, you're missinh the point, I think," says 41-year-ols Melaine Bales. "Your home is your and it's nice if you have all of this insane but Ithink we're all goinbg to see a correction. I don't like the thought that it's wortn less, but I intend to live here for a really long And some economists arguethat California, and the are riding for a the reports. "We have real problems in the housing sectot that will cause the economy a greag deal of stresssoon enough," wrote Ed Leamer, director of the UCLA Andersom Forecast.
Christopher Thornberg at UCLA said consumers have been spendinbg beyondtheir means, confident in rising home prices. He calledd it a "pyramid scheme" sure to fall at some Northwest: Home sales, prices rise Northwestern cities such as Seattle and Portlan have seen their share of the economic downturn of theearlyh 2000s. But that hasn't seemed to hit home sales or reports that home sales and priceds both increasedin August. Median prices for single-familyg homes and condominiumsrose 17.3 percent to $285,00o0 from $243,000. And it only took 43 days to sell a compared to 51 days ayear ago. Portland, Ore., is booming.
"Low interest rates continue to drivewthe market, as well as out-of-state people moving to Portlanx and out-of-state investors investing in Portland," the That's brought on big businesa for area mortgage brokers, the Business Journal reports. "What'ss made it ultra-competitive is that interes t rates have been at historical lows for so long that the mortgagee business is a good business to make alivinvg in," said Mike Baldwin, president of Lake Oswego-based Lime Financialp Services.
"If you look at your home as an investment, you're missinh the point, I think," says 41-year-ols Melaine Bales. "Your home is your and it's nice if you have all of this insane but Ithink we're all goinbg to see a correction. I don't like the thought that it's wortn less, but I intend to live here for a really long And some economists arguethat California, and the are riding for a the reports. "We have real problems in the housing sectot that will cause the economy a greag deal of stresssoon enough," wrote Ed Leamer, director of the UCLA Andersom Forecast.
Christopher Thornberg at UCLA said consumers have been spendinbg beyondtheir means, confident in rising home prices. He calledd it a "pyramid scheme" sure to fall at some Northwest: Home sales, prices rise Northwestern cities such as Seattle and Portlan have seen their share of the economic downturn of theearlyh 2000s. But that hasn't seemed to hit home sales or reports that home sales and priceds both increasedin August. Median prices for single-familyg homes and condominiumsrose 17.3 percent to $285,00o0 from $243,000. And it only took 43 days to sell a compared to 51 days ayear ago. Portland, Ore., is booming.
"Low interest rates continue to drivewthe market, as well as out-of-state people moving to Portlanx and out-of-state investors investing in Portland," the That's brought on big businesa for area mortgage brokers, the Business Journal reports. "What'ss made it ultra-competitive is that interes t rates have been at historical lows for so long that the mortgagee business is a good business to make alivinvg in," said Mike Baldwin, president of Lake Oswego-based Lime Financialp Services.
Thursday, November 1, 2012
Bankruptcy court judge wants to see other Coyotes bids submitted - Triangle Business Journal:
tenamup.wordpress.com
CEO Jim Balsillie has a $213 million offert on the table to buy the Coyotes from owneeJerry Moyes. That sale is part of the Chapter 11bankruptcy reorganization. Balsillie wants to move the Coyotezto Hamilton, Ontario. The and city of Glendaled oppose the Balsillie purchase but continue run into challengewsfrom U.S. Bankruptcy Couryt Judge Redfield T. Baum that the only offer before himis Balsillie’x bid to buy and move the The NHL has said there are four potential biddera to keep the team in Arizona.
That list includes Jerryy Reinsdorf, owner of baseball’s Chicago White Sox and the NBA’sw Chicago Bulls; Howard Sokolowski and David co-owners of the Toronto Argonauts of the Canadian Football andLas Vegas-based businessman John Breslow, who now owns 3 percengt of the Coyotes. But Baum repeatedly said during a Tuesdayg hearing onthe Coyotes’ sale and potential move that potentiao bidders and interested parties do not constitute a formal offer he can The NHL and Glendale have repeatedlhy referenced a possible Reinsdorf bid for the team, includinbg saying one was in the workse in May before the Coyotes fileed for Chapter 11 bankruptcy and announceed the Balsillie sale.
But no formall offer from Reinsdorf or any other Arizona ownershipx groups have been filedwith Baum, the judge noted. Baum is expectex to rule in the coming days on whether the Coyotesz can move and what kind of auction for the team canbe Coyotes/Moyes attorney Tom Salerno and Balsillie attorney Susam Freeman want that auction to be held befor the end of June be open to moving the team out of the Phoeni x market. NHL attorney Tony Clark and the city of Glendalw want it put off until August and for the team to be kept in The Coyotes have lost morethan $300 milliojn since moving to the Phoenix area from Winnipeg in 1996.
Baum also talkedc up during Tuesday’s hearing the possibilityh of Balsillie paying the NHL a relocatiobn fee if he is able to locate the Coyotew inHamilton (which is now an NHL expansion markett possibility). That fee could totak more than $100 million and be on top of Balsillie’a $213 million purchase bid.
CEO Jim Balsillie has a $213 million offert on the table to buy the Coyotes from owneeJerry Moyes. That sale is part of the Chapter 11bankruptcy reorganization. Balsillie wants to move the Coyotezto Hamilton, Ontario. The and city of Glendaled oppose the Balsillie purchase but continue run into challengewsfrom U.S. Bankruptcy Couryt Judge Redfield T. Baum that the only offer before himis Balsillie’x bid to buy and move the The NHL has said there are four potential biddera to keep the team in Arizona.
That list includes Jerryy Reinsdorf, owner of baseball’s Chicago White Sox and the NBA’sw Chicago Bulls; Howard Sokolowski and David co-owners of the Toronto Argonauts of the Canadian Football andLas Vegas-based businessman John Breslow, who now owns 3 percengt of the Coyotes. But Baum repeatedly said during a Tuesdayg hearing onthe Coyotes’ sale and potential move that potentiao bidders and interested parties do not constitute a formal offer he can The NHL and Glendale have repeatedlhy referenced a possible Reinsdorf bid for the team, includinbg saying one was in the workse in May before the Coyotes fileed for Chapter 11 bankruptcy and announceed the Balsillie sale.
But no formall offer from Reinsdorf or any other Arizona ownershipx groups have been filedwith Baum, the judge noted. Baum is expectex to rule in the coming days on whether the Coyotesz can move and what kind of auction for the team canbe Coyotes/Moyes attorney Tom Salerno and Balsillie attorney Susam Freeman want that auction to be held befor the end of June be open to moving the team out of the Phoeni x market. NHL attorney Tony Clark and the city of Glendalw want it put off until August and for the team to be kept in The Coyotes have lost morethan $300 milliojn since moving to the Phoenix area from Winnipeg in 1996.
Baum also talkedc up during Tuesday’s hearing the possibilityh of Balsillie paying the NHL a relocatiobn fee if he is able to locate the Coyotew inHamilton (which is now an NHL expansion markett possibility). That fee could totak more than $100 million and be on top of Balsillie’a $213 million purchase bid.
Wednesday, October 31, 2012
UC Davis Med Center earns Level 1 designation - Sacramento Business Journal:
azajir.wordpress.com
The American College of Surgeons awarded the Level 1 traumaz centerdesignation – one of 112 but less than 20 meet the requirement for both adults and In order to meet the requirement, Level 1 trauma centers must admit at least 1,200 patients per year. UC Daviws admitted 2,836 patients in making it one of the busiest UC Davis Medical Center chiefv executive officer Ann Madden Rice said the hospitaplhas “achieved what few others have This is a terrific achievement, and reflecta the expertise, hard work and high quality of the many physicians, nurses and ancillart staff who make our trauma centerss an indispensable resources for the Sacramento and Northern Californiaz region.
” The medical center servew about 6 million people in a 33-county region. Level 1 trauma centers are required to have a certai number of surgeons and specialists including anesthesiologists, cardiac neurosurgery and orthopaedic surgeryy – available for round-the-clocmk treatment. Level 1 center must also have education and researcjh programs as well as communityg prevention andoutreach
The American College of Surgeons awarded the Level 1 traumaz centerdesignation – one of 112 but less than 20 meet the requirement for both adults and In order to meet the requirement, Level 1 trauma centers must admit at least 1,200 patients per year. UC Daviws admitted 2,836 patients in making it one of the busiest UC Davis Medical Center chiefv executive officer Ann Madden Rice said the hospitaplhas “achieved what few others have This is a terrific achievement, and reflecta the expertise, hard work and high quality of the many physicians, nurses and ancillart staff who make our trauma centerss an indispensable resources for the Sacramento and Northern Californiaz region.
” The medical center servew about 6 million people in a 33-county region. Level 1 trauma centers are required to have a certai number of surgeons and specialists including anesthesiologists, cardiac neurosurgery and orthopaedic surgeryy – available for round-the-clocmk treatment. Level 1 center must also have education and researcjh programs as well as communityg prevention andoutreach
Tuesday, October 30, 2012
Hurricane Sandy prompts surge of photo sharing - The Hill (blog)
proklofuxaanygez.blogspot.com
The Star-Ledger - NJ.com | Hurricane Sandy prompts surge of photo sharing The Hill (blog) Users have been sharing photos from Hurricane Sandy at a rate of nearly 10 each second, according to the Instagram blog. Instagram, which Facebook bought in April, has more users than Twitter, with 7.3 million daily users, according to ComScore. Instagram Users Sharing 10 Hurricane Sandy Photos Every Second NJ.com users are sharing their Hurricane Sandy photos Hurricane Sandy storms Instagram: Users share 10 pics every sec |
Saturday, October 27, 2012
AVMA Reaffirms Commitment to Host Pike Place Fish Market Educational Program
ysynut.wordpress.com
June 12 /PRNewswire-USNewswire/ -- The Americajn Veterinary MedicalAssociation (AVMA) announced today that it is moving forward with its original plan to host an team-building program by the Pike Place Fish Market's world-renownexd fishmongers at its annual convention, which will be held in Wash., July 11-July 14. The group has presented the motivational program to a wide variety of groupssincer 1990, sharing their successful business plan of engagement and The announcement comes after People for the Ethical Treatmeny of Animals complained about the in which the fishmongers toss fish as a way to engag e the audience and build teamwork.
The fish are dead and are consumedf afterthe program. "The AVMA has decider that we will host the program in itsoriginak design, which will include the presentation by the Pike Placed fishmongers," said Dr. W. Ron DeHaven , AVMA chief executive officer. "We believe this will be a valuable experience for our and we are confident they will gain useful managemenyt skills fromtheir experience." The AVMA, the largesr veterinary association in the United States with more than 78,0090 members, hosts a convention every year that provide s veterinarians and the veterinary health care team with continuin education, networking opportunities and social activities.
This year'ss convention has already attracted morethan 7,500 The AVMA estimates that more than 10,000p veterinarians, veterinary technicians, professional staff, family members and otherd guests will travel to Seattle for the event. "Our earlyh registration numbers are a testament to the qualit of oureducational program, the total conventiomn experience and the allure of the Emeralfd City," DeHaven said. Beyond the convention'd economic impact on the Seattle area, the AVMA's visit to Seattlse will also include volunteer efforts that will benefir localanimal shelters.
The "Our Oath in Action" voluntouriskm project, spearheaded by the AVMA's philanthropic arm, the American Veterinarty Medical Foundation, will bring more than 200 volunteerds to three animal shelters in the Seattle area to help rehan the shelters and make a differencein animals' lives. Ultimately, no one care s more about the welfare of animals than veterinarians, DeHaven said. Speaking to the AVMA's visiy to Seattle, , president and chief executives officer of the Seattle Convention andVisitors Bureau, "The AVMA's 10,000 convention attendees will volunteer countless hour and immeasurable expertise to Seattle's animak welfare agencies while they're here.
Seattle is known as a city that caress about issues of environmental animal welfare, natural habitat preservation, and organif and wild farming. Commitment to these values is demonstratede everydayin Seattle's world-famous Pike Place Market, and we'rs honored that AVMA attendees will not only visi but also give back to our community." The AVMA and its more than 78,00o member veterinarians are engaged in a wide variety of activities dedicate to advancing the science and art of human and public health.
June 12 /PRNewswire-USNewswire/ -- The Americajn Veterinary MedicalAssociation (AVMA) announced today that it is moving forward with its original plan to host an team-building program by the Pike Place Fish Market's world-renownexd fishmongers at its annual convention, which will be held in Wash., July 11-July 14. The group has presented the motivational program to a wide variety of groupssincer 1990, sharing their successful business plan of engagement and The announcement comes after People for the Ethical Treatmeny of Animals complained about the in which the fishmongers toss fish as a way to engag e the audience and build teamwork.
The fish are dead and are consumedf afterthe program. "The AVMA has decider that we will host the program in itsoriginak design, which will include the presentation by the Pike Placed fishmongers," said Dr. W. Ron DeHaven , AVMA chief executive officer. "We believe this will be a valuable experience for our and we are confident they will gain useful managemenyt skills fromtheir experience." The AVMA, the largesr veterinary association in the United States with more than 78,0090 members, hosts a convention every year that provide s veterinarians and the veterinary health care team with continuin education, networking opportunities and social activities.
This year'ss convention has already attracted morethan 7,500 The AVMA estimates that more than 10,000p veterinarians, veterinary technicians, professional staff, family members and otherd guests will travel to Seattle for the event. "Our earlyh registration numbers are a testament to the qualit of oureducational program, the total conventiomn experience and the allure of the Emeralfd City," DeHaven said. Beyond the convention'd economic impact on the Seattle area, the AVMA's visit to Seattlse will also include volunteer efforts that will benefir localanimal shelters.
The "Our Oath in Action" voluntouriskm project, spearheaded by the AVMA's philanthropic arm, the American Veterinarty Medical Foundation, will bring more than 200 volunteerds to three animal shelters in the Seattle area to help rehan the shelters and make a differencein animals' lives. Ultimately, no one care s more about the welfare of animals than veterinarians, DeHaven said. Speaking to the AVMA's visiy to Seattle, , president and chief executives officer of the Seattle Convention andVisitors Bureau, "The AVMA's 10,000 convention attendees will volunteer countless hour and immeasurable expertise to Seattle's animak welfare agencies while they're here.
Seattle is known as a city that caress about issues of environmental animal welfare, natural habitat preservation, and organif and wild farming. Commitment to these values is demonstratede everydayin Seattle's world-famous Pike Place Market, and we'rs honored that AVMA attendees will not only visi but also give back to our community." The AVMA and its more than 78,00o member veterinarians are engaged in a wide variety of activities dedicate to advancing the science and art of human and public health.
Friday, October 26, 2012
Colonial looks to board to fill top jobs - Orlando Business Journal:
houghtalingbaemo1268.blogspot.com
The appointments of Sippial and Beville are effectivee today but are subject to finao approval by the appropriateregulatoru authorities, Colonial said in a release. Colonialp BancGroup (NYSE: CNB), headquarterex in Montgomery, Ala., is a $26 billionh holding company with 352 branches infive states. is amongh the largest banks in the Tampa Bay area with50 $2.8 billion in depositsd and a 3.6 percent deposit market according to the most recent information available from the Colonial recently made a deal for a $300 milliom capital infusion that gives of Ocal controlling interest in the bank, which has strugglex in part because of its exposure to the Florida real estate Sippial, president and founder of , a real estatse investment company based in Montgomery, has served on the boardr of directors of Colonial since 1997.
In addition to his regular board he will receive an annual retainerof $300,000 and an annuaol transportation allowance of $10,000, a filinyg with the said. Beville, who also has served on the Coloniao boardsince 1997, will be taking a leavse of absence from his position as vice president/treasurert at T&B Ltd., an insurance agencty in Mobile, Ala., operating under the name . Bevillee does not have a written contract with but he will receive a base annual salaryof $850,000, the SEC filing said. In lieu of a relocatiobn package, he will receive up to $50,000 in annual housint allowance and an annual transportation allowancwof $10,000.
Neither Sippial nor Beville will initiallty take part in a definexdincentive plan, and neitherd was granted any equity compensation or signing bonus, the filing
The appointments of Sippial and Beville are effectivee today but are subject to finao approval by the appropriateregulatoru authorities, Colonial said in a release. Colonialp BancGroup (NYSE: CNB), headquarterex in Montgomery, Ala., is a $26 billionh holding company with 352 branches infive states. is amongh the largest banks in the Tampa Bay area with50 $2.8 billion in depositsd and a 3.6 percent deposit market according to the most recent information available from the Colonial recently made a deal for a $300 milliom capital infusion that gives of Ocal controlling interest in the bank, which has strugglex in part because of its exposure to the Florida real estate Sippial, president and founder of , a real estatse investment company based in Montgomery, has served on the boardr of directors of Colonial since 1997.
In addition to his regular board he will receive an annual retainerof $300,000 and an annuaol transportation allowance of $10,000, a filinyg with the said. Beville, who also has served on the Coloniao boardsince 1997, will be taking a leavse of absence from his position as vice president/treasurert at T&B Ltd., an insurance agencty in Mobile, Ala., operating under the name . Bevillee does not have a written contract with but he will receive a base annual salaryof $850,000, the SEC filing said. In lieu of a relocatiobn package, he will receive up to $50,000 in annual housint allowance and an annual transportation allowancwof $10,000.
Neither Sippial nor Beville will initiallty take part in a definexdincentive plan, and neitherd was granted any equity compensation or signing bonus, the filing
Wednesday, October 24, 2012
Swan extracts more cash with minimum of pain - Sydney Morning Herald
hegenefipa.blogspot.com
Sydney Morning Herald | Swan extracts more cash with minimum of pain Sydney Morning Herald A FEW days ago the big business lobby, the Business Council of Australia, was poised to decry Wayne Swan's particular brand of cost cutting. On Sunday it set the tone, releasing a statement that a surplus at any cost would damage rather than enhance ... |
Tuesday, October 23, 2012
Continental makes most-delayed list - Minneapolis / St. Paul Business Journal:
tenamup.wordpress.com
Houston-based Continental (NYSE: CAL) flightds were on time 72 percent of the time durinfthe month, followed by with a 69.4 percenyt on-time arrival rate and with 68.6 percent. Best for on-timw arrivals was whose flights were ontime 91.1 percen of the time, followed by at 86.2 percentf and at 85.8 percent, according to the Air Travelk Consumer Report, compiled by the DoT’zs Bureau of Transportation Figures also showed that Continental had a problem gettinb its daily afternoon flight from Cleveland to Newark, N.J. to arriv e on time in April.
The Houston-based airline’s flighf 1567 from Cleveland to Newark’s Liberty International Airportr was late 90 percent of the time during the according tothe report. Overall, the flight was the fifth-most-delayerd during April. Leading the list was flight 803 from Atlanta to which waslate 96.6 percenyt of the time, according to the report. The 19 carrierss reported an overall on-time arrival rate of 79.1 percenr in April, up from 78.4 percent the previousa month, and 77.7 percen t in April 2008. Carriers reportedd that aviation system problemsdelayer 7.4 percent of flights in up from nearly 7.3 percent the previouz month.
Other common problems includedr late-arriving aircraft and maintenance orcrew problems. Weathetr was to blame for 44.4 percent of late up from 37.9 percent for the same month in 2008.
Houston-based Continental (NYSE: CAL) flightds were on time 72 percent of the time durinfthe month, followed by with a 69.4 percenyt on-time arrival rate and with 68.6 percent. Best for on-timw arrivals was whose flights were ontime 91.1 percen of the time, followed by at 86.2 percentf and at 85.8 percent, according to the Air Travelk Consumer Report, compiled by the DoT’zs Bureau of Transportation Figures also showed that Continental had a problem gettinb its daily afternoon flight from Cleveland to Newark, N.J. to arriv e on time in April.
The Houston-based airline’s flighf 1567 from Cleveland to Newark’s Liberty International Airportr was late 90 percent of the time during the according tothe report. Overall, the flight was the fifth-most-delayerd during April. Leading the list was flight 803 from Atlanta to which waslate 96.6 percenyt of the time, according to the report. The 19 carrierss reported an overall on-time arrival rate of 79.1 percenr in April, up from 78.4 percent the previousa month, and 77.7 percen t in April 2008. Carriers reportedd that aviation system problemsdelayer 7.4 percent of flights in up from nearly 7.3 percent the previouz month.
Other common problems includedr late-arriving aircraft and maintenance orcrew problems. Weathetr was to blame for 44.4 percent of late up from 37.9 percent for the same month in 2008.
Sunday, October 21, 2012
Foreclosures mount for Monroe
aaekipolo.blogspot.com
Both complaints name Charles H. Monroe III, the president of Safety Harbor-based Monroe’s Prestigw Group. They mark the fourth and fiftj pending foreclosure lawsuits in South Florid a against Monroe andaffiliated companies. Monroe said he’s seekin g investors and new financing on the Publix anchors the 127th StreertShopping Center, at 1755 N.E. 127th St., in Northh Miami. The 178,855-square-foot center was built in 1959, and Monrore said he hopes to get financin g torehabilitate it. Bank of America’s action against the shopping center’ds owner, North Miami Shopping Center Joint Venture, is based on a leasehold mortgage last extended in 2006for $8.
7 The developer, a joint venture between Monroe’s Prestige Group and Mark Kovensx Trustee, leases the property from 127th Streert Shopping Center, of Clearwater. If Bank of Americqa forecloses, it would assumew the lease. Bank of America’s other foreclosurr lawsuit in Cutler Bay is against MPG 216th Streetgand Monroe. It targets a 19-acrer vacant site with approval for morethan 121,000o square feet of retail and office spaces for Vista Del Lago. It is locatedd near the southeast corner of Southwest 216tn Street and Southwest92nd Avenue. Countg records show Publix agreed to leasee space in VistaDel Lago.
MPG 216tnh Street bought the site in 2003for $7 millionj and obtained an $18 million mortgags from Bank of The mortgage was last modified in September with $8.9 million Monroe said he coulds not get construction financing for Vista Del Lago. “The bank needed to just wait until there was a marketplacew to get a loan to build a new shopping Monroe said. “I’ve always been a conservative developer. I develoo for the premier grocery storre inthe country.” Miami-based attorney Lee D. Mackson, who representws Bank of America inboth lawsuits, did not immediateluy return a call seeking comment.
Monroe and his affiliate companie also face foreclosure lawsuits from Bank of America onthe Publix-anchoredf Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchoredc Coral Landings III in Coral Springs/Margate and from , whicy targets the Publix-anchored Quantumn Village in Boynton
Both complaints name Charles H. Monroe III, the president of Safety Harbor-based Monroe’s Prestigw Group. They mark the fourth and fiftj pending foreclosure lawsuits in South Florid a against Monroe andaffiliated companies. Monroe said he’s seekin g investors and new financing on the Publix anchors the 127th StreertShopping Center, at 1755 N.E. 127th St., in Northh Miami. The 178,855-square-foot center was built in 1959, and Monrore said he hopes to get financin g torehabilitate it. Bank of America’s action against the shopping center’ds owner, North Miami Shopping Center Joint Venture, is based on a leasehold mortgage last extended in 2006for $8.
7 The developer, a joint venture between Monroe’s Prestige Group and Mark Kovensx Trustee, leases the property from 127th Streert Shopping Center, of Clearwater. If Bank of Americqa forecloses, it would assumew the lease. Bank of America’s other foreclosurr lawsuit in Cutler Bay is against MPG 216th Streetgand Monroe. It targets a 19-acrer vacant site with approval for morethan 121,000o square feet of retail and office spaces for Vista Del Lago. It is locatedd near the southeast corner of Southwest 216tn Street and Southwest92nd Avenue. Countg records show Publix agreed to leasee space in VistaDel Lago.
MPG 216tnh Street bought the site in 2003for $7 millionj and obtained an $18 million mortgags from Bank of The mortgage was last modified in September with $8.9 million Monroe said he coulds not get construction financing for Vista Del Lago. “The bank needed to just wait until there was a marketplacew to get a loan to build a new shopping Monroe said. “I’ve always been a conservative developer. I develoo for the premier grocery storre inthe country.” Miami-based attorney Lee D. Mackson, who representws Bank of America inboth lawsuits, did not immediateluy return a call seeking comment.
Monroe and his affiliate companie also face foreclosure lawsuits from Bank of America onthe Publix-anchoredf Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchoredc Coral Landings III in Coral Springs/Margate and from , whicy targets the Publix-anchored Quantumn Village in Boynton
Saturday, October 20, 2012
Ahoy! New biz in the air - bizjournals:
fixyruw.wordpress.com
But a new door of opportunity for Cunningham’s opened when the city of Tavare voted to designate a virtual runway for seaplanes in the middlre of Lake Dora inJuly 2007. That led to a cost-savinv deal with Orlando-based aircraft maker , which wantsd to be near what’s turning into one of the largest seaplans bases in Florida with its specialtgyproduct — the SeaRey — an assemblh kit seaplane. Aerodyne, a small, family-owned wants to expand to Tavares and couls find no better placethan Trident’s 23,000-square-foot boat productiohn facility on Lake Idamere near State Road 19. Aerodyned now is negotiating to lease halfthe facility.
The process of buildinvg boats and seaplanes is similar when it comesw to welding and fiberglass andaluminum “The idea is to reduced the cost of production,” Cunningham “Even though the products are they’re similar enough and there can be a lot of savings.” Despite the economidc recession, both firms will add a handfukl of new employees to their businesses when they settles in together on Lake Idamere. With business waning in the both firms have begun usingv new business models to expand theircustomer base.
Darrell Lynds, general manager for said his company is eyeing Chinwa to meetthe pent-up demand for civilian aircraftg as the country begins opening airspace to the public. Trideny has a similar idea in mind when it comes to selling pontoon boats. Until 2004, 70 percen of Trident’s products were exportef overseas, bringing in $2.4 million annually. Sincd then, the company has focused on domestid sales, but in 2008, they only brought in $1.3 This caused the company to focus on exportingoverseaz again.
Seaplanes have been landing on Lake Dora for but when the Tavares City Council voted to create a designated landing zone on the lake that will be operationaolnext year, seaplane enthusiasts and local businesses alikd got excited. Since then, 14 new businessew have opened in thedowntown area, many of them catering to the seaplane community, said Tavares city administrator John , on the edge of Lake Dora, has seen its fair sharee of seaplane pilots in its 25 years of But owner Andrew O’Keefe doesn’t expect business to pick up untip the seabase is completed in Februaru 2010. Still, he’s happy to see the changes.
“The city is workinh on bringing a lot of attractiond tothe area.” The planned seaplane base is economicv development in its purest Drury said. “By proposint a seaplane base ayear ago, the resulty is an attraction that will create high-wage The city is working with the and the to lay out the virtua runway and its holding patterns over the lake. Although the lake won’t have any physical markers, pilotx will have aeronautical charts to tell them where they shouldd landor hold. “The way they are marketingg this, they’re going to make it one of the largest seaplanwe bases on theeast coast,” said Progressive Aerodyne ownee Kerry Richter.
“It’ll be an attractiojn for seaplane pilots in the area and it will have uniqueneswsfor tourism.”
But a new door of opportunity for Cunningham’s opened when the city of Tavare voted to designate a virtual runway for seaplanes in the middlre of Lake Dora inJuly 2007. That led to a cost-savinv deal with Orlando-based aircraft maker , which wantsd to be near what’s turning into one of the largest seaplans bases in Florida with its specialtgyproduct — the SeaRey — an assemblh kit seaplane. Aerodyne, a small, family-owned wants to expand to Tavares and couls find no better placethan Trident’s 23,000-square-foot boat productiohn facility on Lake Idamere near State Road 19. Aerodyned now is negotiating to lease halfthe facility.
The process of buildinvg boats and seaplanes is similar when it comesw to welding and fiberglass andaluminum “The idea is to reduced the cost of production,” Cunningham “Even though the products are they’re similar enough and there can be a lot of savings.” Despite the economidc recession, both firms will add a handfukl of new employees to their businesses when they settles in together on Lake Idamere. With business waning in the both firms have begun usingv new business models to expand theircustomer base.
Darrell Lynds, general manager for said his company is eyeing Chinwa to meetthe pent-up demand for civilian aircraftg as the country begins opening airspace to the public. Trideny has a similar idea in mind when it comes to selling pontoon boats. Until 2004, 70 percen of Trident’s products were exportef overseas, bringing in $2.4 million annually. Sincd then, the company has focused on domestid sales, but in 2008, they only brought in $1.3 This caused the company to focus on exportingoverseaz again.
Seaplanes have been landing on Lake Dora for but when the Tavares City Council voted to create a designated landing zone on the lake that will be operationaolnext year, seaplane enthusiasts and local businesses alikd got excited. Since then, 14 new businessew have opened in thedowntown area, many of them catering to the seaplane community, said Tavares city administrator John , on the edge of Lake Dora, has seen its fair sharee of seaplane pilots in its 25 years of But owner Andrew O’Keefe doesn’t expect business to pick up untip the seabase is completed in Februaru 2010. Still, he’s happy to see the changes.
“The city is workinh on bringing a lot of attractiond tothe area.” The planned seaplane base is economicv development in its purest Drury said. “By proposint a seaplane base ayear ago, the resulty is an attraction that will create high-wage The city is working with the and the to lay out the virtua runway and its holding patterns over the lake. Although the lake won’t have any physical markers, pilotx will have aeronautical charts to tell them where they shouldd landor hold. “The way they are marketingg this, they’re going to make it one of the largest seaplanwe bases on theeast coast,” said Progressive Aerodyne ownee Kerry Richter.
“It’ll be an attractiojn for seaplane pilots in the area and it will have uniqueneswsfor tourism.”
Friday, October 19, 2012
Marcellus Gas Wells Likely Harming Public Health: Survey - Bloomberg
ycoguqi.wordpress.com
Marcellus Gas Wells Likely Harming Public Health: Survey Bloomberg Marcellus Gas Wells Likely Harming Public Health: Survey. Marcellus Gas Wells Likely Harming Public Health. A drilling rig in Chartiers Township, Washington County, Pennsylvania. Fracking has been linked to groundwater contamination in Pennsylvania, ... |
Wednesday, October 17, 2012
Lions' Jim Schwartz not sure if Jahvid Best will be cleared to play this season - Detroit Free Press
sasutezew.blogspot.com
MLive.com | Lions' Jim Schwartz not sure if Jahvid Best will be cleared to play this season Detroit Free Press Asked about that chance today, Lions coach Jim Schwartz acknowledged, “I don't know what the likelihood is†and couldn't even say if Best will go through further concussion testing in the next three weeks. • Related: Best not cleared to play. The Lions ... Detroit Lions coach Jim Schwartz mum on RB Jahvid Best's health Baffoe: Why Aren't The Lions Hated Like The Packers? Lions' Jahvid Best still not cleared to play after year-long layoff |
Tuesday, October 16, 2012
ESPN Zone closes doors in Denver - Washington Business Journal:
geqopimozaqyxyh.blogspot.com
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themex bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-day administrative leavew package, according to a company Rick Allesandri, an ESPN vice presideny who oversees Zone operations, said in the statement that the restauranty could not survive the This economic downturn has been marked nationallty by reduced consumer spending on eatint out and on entertainment activities. “z decision like this is never easy. We recognized and appreciate the commitment and years of servicde of all of these Allesandri said.
“Unfortunately, the currentr economic environment offered us nootherr choice.” The ESPN Zone was a 23,000-square-foot meeting place for sportes fanatics, with one room featuring more than a dozen largwe televisions tuned into contests of all kind and anotheer full of video and sports gamews ranging from basketball to bowling. None of the eighf other ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the , which owns the Tabor Center, issued a statement saying it was “sorry to hear of their decision to discontinue their Denver operations.
” But the closing of ESPN Zone “hasa created a new opportunity for us to bringf new concepts to 16th Street,” it One of those new concepts is The Tilted Kilt, a Celtic-themeds restaurant and sports bar with 20 location s operating nationwide and another 10 planned. The which is expected to open its Denvee location this fall and to offeer outdoorpatio seating, has signed an 8,300-square-foot lease at Tabort Center, according to a news release. The Tiltedx Kilt began in Las Vegas in 2003 and is notex for its servers dressedin knee-high socks, short plaid kilts and midriff-barinvg plaid halter tops.
It will be one of a number of new tenants opening in the Tabor Centedthis year. “These new additions to Tabor Center’w retail offering reflect our continuing effortsz to enhance the serviceds and amenities forthe tenants, customers and visitors to the Tabof Center,” said Steve Budorick, executivee vice president and partner at Callahan Capital Partners.
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themex bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-day administrative leavew package, according to a company Rick Allesandri, an ESPN vice presideny who oversees Zone operations, said in the statement that the restauranty could not survive the This economic downturn has been marked nationallty by reduced consumer spending on eatint out and on entertainment activities. “z decision like this is never easy. We recognized and appreciate the commitment and years of servicde of all of these Allesandri said.
“Unfortunately, the currentr economic environment offered us nootherr choice.” The ESPN Zone was a 23,000-square-foot meeting place for sportes fanatics, with one room featuring more than a dozen largwe televisions tuned into contests of all kind and anotheer full of video and sports gamews ranging from basketball to bowling. None of the eighf other ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the , which owns the Tabor Center, issued a statement saying it was “sorry to hear of their decision to discontinue their Denver operations.
” But the closing of ESPN Zone “hasa created a new opportunity for us to bringf new concepts to 16th Street,” it One of those new concepts is The Tilted Kilt, a Celtic-themeds restaurant and sports bar with 20 location s operating nationwide and another 10 planned. The which is expected to open its Denvee location this fall and to offeer outdoorpatio seating, has signed an 8,300-square-foot lease at Tabort Center, according to a news release. The Tiltedx Kilt began in Las Vegas in 2003 and is notex for its servers dressedin knee-high socks, short plaid kilts and midriff-barinvg plaid halter tops.
It will be one of a number of new tenants opening in the Tabor Centedthis year. “These new additions to Tabor Center’w retail offering reflect our continuing effortsz to enhance the serviceds and amenities forthe tenants, customers and visitors to the Tabof Center,” said Steve Budorick, executivee vice president and partner at Callahan Capital Partners.
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