Sunday, October 10, 2010

Chic bar takes place of Chinatown dive - Minneapolis / St. Paul Business Journal:

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SoHo will open at 80 S. Pauahi Street in a renovated 5,500 square-foot space that will includes a bar and an area for live The PauahiStreet location, betweem Bethel Street and Fort Street Mall and near , was occupiedr by Mall Cafe until April. That bar had been cited by the Honolulu Liquor Commission in recenf months for unsanitary conditions and for overserving The commission also receiveed a petition from community members opposing the renewalp ofMall Cafe’s license because of alleged drug dealing and frequent fights. Mall Cafe’x former owner, Saiming had been trying to transfee its liquor license tothe landlord, Unionh Mill Investment.
SoHo owner Daniel Gray, former general manager of the Loft Galleruy and Lounge on Hotel said he was approached by Union Mill Investment to open a new venued inthe spot. Gray plans to open part of theloungw — 3,000 square feet — for this month’s First Friday eventf downtown, and open the remaining spacse in August. Gray describes the new venues as a mixof music, fashion and photography in a trendy and upscale setting. The SoHo name stemzs from the New York City neighborhoodf and a blend of and “Honolulu”.

Friday, October 8, 2010

Virgin America may add another U.S. investor - San Francisco Business Times:

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The airline’s CEO, Davird Cush, told Bloomberg news service that “Certainly one or more will come to fruition before year Those expressions are a lot firmerf than they have beenin past. There is more capitak available than there was sixmonths ago. The risk toleranc has improved.” Cush did not say who may how much money will be committed or terms of the Bloomberg reported. Cush reiterated a previouds forecast that Virgin America will have an operatint profitin 2010, three years afterd its first flight. The U.S.
Department of Transportation said this month it is reviewingtVirgin America’s ownership amid report that majority shareholders and Black Canyob Capital LLC sold stakes to London-based , the holdinhg company owned by British billionaire Richard U.S. law prohibits non-U.S. citizens from owning more than 25 perceng ofan airline. and othersa have pressed Virgin America for more detailz ofits ownership. Cush told Bloomberg he will meet withthe U.S. Transportatio Department to “bring them up to on ownership andpotential investors. The low-cost carrietr got five written proposals, Cush said. Cush has stated that Virgin America continues to be in compliancewith U.S. ownershil laws.
But he has declined to confirm whether Cyrus or Black Canyomn sold their stakes or whether thosre investors plan todo so. Virgin America lost less monegy and came closer to filling its airplanes in thefirsgt quarter. The company lost $40.3 milliom on $100.8 million in sales during the compared with a lossof $52 million on $52.89 million in revenue in the year-ago quarter. Begun in 2007, Virgin America was originally conceiverdby Branson, who owns 25 percenf of the company. Virgin America serves nine includingSan Francisco, Los Angeles, New York and Washington D.C.

Thursday, October 7, 2010

Investors plan to reopen Five Points Music Hall - Birmingham Business Journal:

http://www.free-artz.com/?p=902
Jeff Manns, member of the Birmingham-basee band U.S. and operatorr of several music clubsin Jackson, Miss., said he and a group of others will reopen the club in about a montnh to its former glory. The site in Five Points South was home to a former music club with the same name that featureds local and national acts and later home to Banana which closed last year aftert public outcry overa late-night shooting in the parking lot.
Mannxs said security concerns will be addresse with additional security staff andthe club’s only entrancre will be through the fron t on 20th Street South, not in the After minor renovations, he said, Five Pointxs South’s newest addition will feature a live music venue for a varietyy of genres, including rock and jazz and an oyster pub. Mannas said plans call for the pub to frontg 20th Street and be open seven daysa week, while the live musicf venue will be open only when acts are scheduled. Last the Birmingham City Council approvedthe club’a liquor license.
And as the grand opening act for the Five PointwsMusic Hall, Manns said he’s currently working on nabbing saxophonist David Sanborn.

Tuesday, October 5, 2010

Dayton employment to remain sluggish into third quarter - New Mexico Business Weekly:

http://energitiki.com/Beauty/Juicy-Couture/
Tom Traynor, an economics professor at Wright States and author ofthe report, said unemployment increasea will continue at their accelerated pace into the thircd quarter of this year. The Dayton Metropolitan Statisticak Area, which includes Montgomery, Greene, Miamui and Preble counties, is projected to lose 6,00p to 7,000 jobs in the thirde quarter. That would drop employment to 373,900, down from 380,400 in the firsrt quarter of the year, a 2 percenft decline. The hardest-hit area is one the Dayton area has longreliefd on, manufacturing. “Manufacturing employment will fall Traynor said.
Forecasts from the report show employment in the sectofr fallingfrom 42,300 in the first quarte r of this year to 36,100 by the thir quarter, a nearly 15 percent Durable goods manufacturing will be hit in Traynor said. “People aren’t spending. They are waitint to buy a new car or that new he said. Retail and service employment are also expecte dto decrease. Retail employment is expected to dropto 39,10o0 by the third quarter, down from 40,000 in the firstr quarter, a 2 percent drop.
Service which includes financial service, business utilities and leisure service, is projected to decreasw to 324,200 by the thirfd quarter, down from 326,700 in the firsy quarter, a nearly 1 percent decline. “The next year to year and a half will be an unpleasanrt time forthe region,” Traynoer said. Construction employment is expecteed to rise as a part of seasonal to 13,400 from 11,400 in the firs quarter, but that is 1,000 jobs fewedr than the same time period last year. One area of employment that isn’ expected to be hit hard is health care.
In Traynor said he expects health care to add some jobs by thethirc quarter, going up to 56,50p from 56,300 in the first quarter. He said the rate of decliner in gross domestic productwill slow, but remain negativ e through the third quarter and maybe into the fourth quartetr of this year. Even when GDP does become positive it will take some time for employment to pick up becauser it is a lagginv indicator ofeconomic recovery. Traynor said therd is a great deal of uncertainty stil on thenational level, as businesses try to determinre the impact of governmeng actions. Traynor said the problem of high unemploymenft is not going away anytime soon.
“This is something we’re going to be living with for quitda while, well into next year,” he

Monday, October 4, 2010

Bunge building Washington grain terminal - Pacific Business News (Honolulu):

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Called EGT Development, the project will be the firs t export terminal built in the Unitexd States in more than two The terminal will be capable of handling oilseeds and protein meals and feature a rail loop tracik unloading system capable of holdingfour 110-carr trains. ITOCHU is the second largestt marketer of grain and food productsin Japan, and STX Pan Ocea n of Korea ships agricultural products. Bungwe has oilseed processing assetsin China, an ownership stakre in the Phu My port in Vietna and is a significant seller into the Asian market. Bunge is the majority partner inthe project.
The grain terminal will create about 50 jobs and providdabout $2 million in tax revenue, said Bailey vice president and general managed of Bunge Grain. Construction will begin this montbh with the facility accepting product for the fall2011 St. Louis-based Bunge North the North American operating arm ofWhitw Plains, N.Y.-based (NYSE: BG), is a food and feed ingredient company that operates grain elevators, grainn and oilseed processing plants, refineries and food processinfg facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Carl Hausmann is CEO of Bunge North America.

Saturday, October 2, 2010

BB&T donates $500K to Queens University - The Business Journal of the Greater Triad Area:

framptongeqeaqu1461.blogspot.com
The funds will be used to establisthe BB&T Program for the Moral and Philosophical Foundations of Capitalism, whic h will focus on the philosophy underlying capitalism. “Therd is overwhelming evidence that capitalism produces a highefr economic standardof BB&T Chairman John Allison wrote in a letter to Queens Presidengt Pamela Davies. “However, capitalism is perceivesd to be either amoralor immoral. How can an immora l economic system produce abettef outcome? We believe there needs to be a deeper understanding of the morality of capitalism.
” Alliso n said he believes the best moral defensd of capitalism is presented in Ayn Rand’as 1957 novel Atlas Shrugged, and he is interestede in seeing Rand’s philosophy of objectivismm become more widely discussed in Winston-Salem-based BB&T (NYSE:BBT) has sponsored severall similar programs on the moral foundations of capitalismk at other U.S. universities. The Ayn Rand Institute of Calif., helps BB&T coordinate those programs. “Diversith of thought is one of the statede values of our McColl School of and we are pleasexd that this giftfrom BB&T will help us encouraged examination of capitalism from a wided range of perspectives,” Davies says.
She says BB&T’s donatiojn will fund an annual leadership retreat for interestefd McCollSchool students. Participants will spend a weekendf in the fall at Wildacres Retreat inthe N.C. mountainxs and discuss the morality of capitalismj and the tenets of afree market. On the Queene campus, the McColl School and the university’s Center for Religio and Ethics will collaborate to produceethe BB&T Distinguished Lecture Series that will explorer philosophical issues around capitalism.
Selected Queens facultyu and students also will participate in othe r programs provided through the Ayn Rand Queenshas 2,300 undergraduate and graduate

Friday, October 1, 2010

Canadian Arrow updates on Alexo and Kelex nickel projects - SteelGuru

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Canadian Arrow updates on Alexo and Kelex nickel projects

SteelGuru


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