Sunday, January 30, 2011

Consumer confidence retreats - Triangle Business Journal:

studied-occasion.blogspot.com
Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overall index more than TheConference Board's Consumer Confidencer Index fell by 5.5 points to 49.3 in Statewide, Florida’s consumer confidence index for June fell threee points last month to 68, the result of bad economicd news including the bankruptcy of General Motors foreclosures and a spike in Florida’sz unemployment rate, according to a new University of Floridsa poll.
While Floridians’ perceptions of personalo finances compared with a year ago is up thre points to 44 from a revised May readinyof 41, other perceptions were lower than, or the same as, last For example, perceptions of U.S. economicd conditions over the next year fell seven pointsto 65, whiled perceptions of whether it’s a good time to buy big-tickey items fell nine points to 67. Perceptions of U.S. economi conditions over the next five yearas remained unchangedat 80.
"Moving we do not expect Florid consumer confidence to decline much more over the next couple of barring some unforeseen change here in Floridaqor nationally," Chris director of UF’s Survey Research Center at the Bureau of Economicf and Business Research, said in a news However, McCarty cautioned the recovery is expected to be long and uneven for some sectors of the economy. "With the demise of longstandinvg financial institutions such as Lehman Brothersw and manufacturing companies like Chryslerand GM, it is no longer business as usual," he said. The preliminary indez for June was conducted from430 responses.
It is benchmarke d to 1966, so a value of 100 represents the same level of confidence forthat

Thursday, January 27, 2011

Survey: Local financial hiring to be flat - Baltimore Business Journal:

geqopimozaqyxyh.blogspot.com
About 8 percent of the chief financial officers in the Charlottde area plan toadd staff, and 7 percenft anticipate reductions. The net 1 percent increass is unchanged fromthe area’s second-quartert forecast. The local results are based on the responsesa of 200 CFOs from a randon sample of area companies with 20 ormore employees. “Manyh companies remain hesitant to commit to adding stafcf until they are certaib of an economic saysMax Messmer, chiefr executive of Robert Half International.
“In the meantime, most firm s are working with their current teams to managrkey initiatives, with some employers also bringinyg in project professionals to assist with rising workloadds and support full-time Nationally, 5 percent of CFOs expect to hire full-timed employees during the third quarter, and 8 percent anticipate personnel reductions. California-based (NYSE:RHI) has been tracking financial-hiringv activity in the United Statessince 1992. It places accountintg and finance workers in temporary andcontract jobs.

Monday, January 24, 2011

Expanding firms can refinance loans through SBA

martaemimbzini.blogspot.com
The SBA began allowing small businesses to use the 504 programj to refinance existing debt last implementing a provision in the economicstimulusx legislation. This new program could be a big boosg for small businesses carrying a heavy debt load or facingy a balloon payment on a real estate but there’s a catch: The refinancing is availablw only to small businesses that also want to borrow money to expand their Only 5 percent of smalo business owners think now is a good time to expand, accordingg to a survey conducted in May by the .
For thoss ready to take the leap, government-guaranteed 504 loans are availablew from nonprofit organizations known as certifieddevelopment companies, which partnefr with commercial lenders. In the Albanyt area, most 504 loans go through The programprovides fixed-rate financing to smalll businesses for fixed assets such as land and equipment. Under the changes in the small businesses now can refinancre existing debt related to fixed assets if they also borro money to finance more real estateor equipment.
The amounf of debt being refinanced must be 50 perceny or less of the total cost of the The debt being refinanced also must be collateralizer byfixed assets, and the termse and interest rate on the new loan must be betterd than the existing loan. Borrowers also must have been current on their existing loan for the past 12 SBA Administrator Karen Mills said these permanenty changes to the 504 program will help smal businesses improve their cash flow by restructurinfg theircurrent debt, and finance new facilities and “These are investments that are really critical to business growthg and job creation,” Mills said.
The credit crunch has made it difficulf for even strong companiee to obtain financingfor expansion, she said. Chris Crawford, presidentf and CEO of the , said the 504 loan change will help small businesses take advantage of the good dealz that currently are availabls in commercialreal estate. “It’sw going to enable a whole bunchn of small businesses that really do still want to expandc go after realestate that’a priced very, very competitively,” said Crawford, whosd association represents certified development companies. Businesses that aren’t in a positionb to expand could be helpedx if Congress passes the Small Business Assistance in DebtAct 2527).
That bill, which recently was introducerdby Rep. Betsy Markey (D-Colo.), would allowa all small businesses—not just expanding ones—to refinance commercial real estate loans through the 504 That would allow businesses to tap theirf equity intheir owner-occupied buildings, as well as get bettet loan terms. Markey said it also would help banks reduces their risks on realestate loans.

Saturday, January 22, 2011

Union extends deadline for new Safeway contract - Pacific Business News (Honolulu):

http://forum.bismikaallahuma.org/member.php?u=2526
The extension was announced late Thursday by the Unites Food and Commercial Workerds UnionLocal No. 7, which representz about 17,000 Denver-area grocery workers now negotiating new contracts with Safeway, Albertson’s and . It is the thirc extension in theSafeway talks, which begahn in early April. Safeway workers vote last month to call for a strikseif necessary, but neither side has indicatecd that a strike is likely in the near Both Albertson’s and King Sooperz workers are operating without contracts right now. Negotiationxs center around the issuedsof wages, pension benefits and health-care plans.
Safeway and King Soopersa have offeredpension cuts, pay raises for just a portion of the workere and new preventative health-care benefits, saying that with the rise of non-unionj grocery stores, some cutbacks must be made. “u think this [latest extension] gives us an opportunity to continuw to negotiate and really be able to tacklse the tough issues like wages andpensiom benefits,” said Kris Staaf, Safeway’ Denver-area director of public affairs. The latest counter-proposak from Safeway workers calls for annual pay increasezs of 75 cents per hour over the duratioh ofthe five-year contract, according to UFCW spokeswomab Laura Chapin.
It also seeks assurances that workers can continue receivingf pension benefits at age 50 rathe than having to wait untilage 62, that currenf health benefits are not decreasede and that current health-care premiumxs are not increased. Safeway has not made a new contract proposal, Staaff said. Sherree Carlson, a 15-year Safewaty employee from Westminster, expressed frustratiom over the pace of negotiations in a news releasse put out bythe UFCW. “We gave you a proposal a week ago, and you keep comintg back at us with thesame crumbs,” Carlson “We need a fair deal and we need to keep the work and the workera here in our community.

Wednesday, January 19, 2011

Catalyst Connection wants Pittsburgh manufacturers to buy power in bulk - Pittsburgh Business Times:

http://www.earthswoop.com/forums/member.php?u=12239
The South Oakland nonprofit, which helpsd manufacturers improve competiveness, is recruiting companies in Lawrence, Beaver and parts of Butledr counties for its power aggregate buy program to lock in ratesw as power companiesraise theirs. The program is open to manufacturers locater in these four countie whose electricity is currently supplied by or Power costs have steadilyy risen since the deregulation of the electricityh marketin 1996. Through aggregate buying programs, companiews are able to lowef their energy costs by banding together to scorelowet rates.
Here’s how it works: Groups such as Catalyst Connection have companies sign up to join a pool of A representative for these companies then approaches poweer generation firms and puts out a bid forlower rates. Since these companies combined use a much highe r wattage of electricity than theydo individually, they frequently are able to secure them. Aggregate buys of energh and health care are common ventures for business groups and The announced a similar energy buyingy pool planlast week.
Catalyst’s program will launch in Januarty and is open to manufacturera with more than 50 employees or those who have powerf bills of atleast $5,000 each month, said Pam director of community outreach at Catalyst Connection. The grou p wants to find at least 30 Participating businesses will not have to pay any setul fees forthe multi-year program, though therw would be a surcharge of less than half a cent per kilowatg hour in each bill. The monthly bills wouldr arrive through the samedeliveryh company.
The target price in centx wouldbe “in the low per kilowatt-hour, said Erich Landis, a partner at Wexford-based NorthEast Energy which will put the bundle out to power generators to bid. Landisx said he has seen manufacturers paybetweem 8.5 cents and 11.5 cents per kilowatt-hour. A manufactured that uses about 240,000 kilo-watt hourss per year would saveaboutt $700 annually, Landis said. He plans to approach , , , Pepco and to bid for lower generation rates.
The companies would continue to have thesame

Sunday, January 16, 2011

Dentist creates iPhone app that's gaining steam - MiamiHerald.com

http://www.movabletype.org/members/Laurella


Dentist creates iPhone app that's gaining steam

MiamiHerald.com


JACKSONVILLE, Fla. -- Sales for Brian Young's newest idea were slow at first. Nothing sold the first couple of days, then one here, one there. ...



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Friday, January 14, 2011

Associated Wholesale Grocers' shopping bags $350M growth - Triangle Business Journal:

designs-finances.blogspot.com
The Kansas City, Kan., groceryy wholesaler will buy about $9 million worth of assetw — mostly inventory — from estimated the annua revenue increase. Just after Affiliated Foods filed for Chapter 11 bankruptcy onMay 5, AWG started supplying many of the 400 independengt grocery stores the Little Ark., cooperative serviced. Affiliated Foods serviced supermarketsin Louisiana, Mississippi, Oklahoma, Tennessee and Texas. AWG will supplg the stores from its existing distribution centerswin Springfield, Mo.; Oklahoma City; Memphis, Tenn.; and Fort Texas. Industry observers said the deal lets AWG penetratre deeper in markets where it alreadh hasdistribution channels.
“That’s a natura l move for them,” said David Livingston, a groceryh industry analyst. “They already supply a lot of stores in that general area, and it overlaps in some of the areas wherd they distribute. It’s one less competitor.” AWG also will help Affiliatedf Foods sell off or close 22 stores it operates, mostly and Piggly Wiggly locations in Texads and Arkansas. Affiliated Foods spokesman Al Miller said AWG picke d up several common brands italready distributed, such as , Colgated and .
“AWG’s resources will be focused on providing the retailers a smooth transition with little disruption inproduct availability,” AWG CEO Jerr y Garland said in a written statement. AWG swooped in and beat out anothe r bidder to buy Affiliated assets once it becamre clear itfaced bankruptcy, according to court documents. Affiliatefd Foods had said as early as Marchb 14 that it was exploring reorganization afterhitting cash-flo problems. Miller said Affiliated Foods normally filledf 97 percent ofits customers’ order but just before the bankruptcy filing fell into into the 60 percenft to 70 percent range.
Normally, Chapter 11 bankruptcies protect companies from creditors while they butAffiliated Foods’ filing is designed to liquidate Mark Amendola, a Cleveland lawyer representingt several creditors, said AWG’s $9 million payment will do little to coverr the money owed creditors. Affiliatecd Foods, which had $730 million in revenue in 2008, listed $101.4 million in liabilities in its AWG reported record revenuein 2008, with $6.8 billion in net sales, a 20 perceng increase from the previous year.

Tuesday, January 11, 2011

Drum clinic tonight at Park Theatre - HollandSentinel.com

http://baddogsinc.com/trainingoptions.html


Drum clinic tonight at Park Theatre

HollandSentinel.com


By Anonymous The clinic is for all ages and for all skill levels. Led by Kevin DePree, focus will be on practice methods, reading, performance, rudiments, ...



Sunday, January 9, 2011

Heidi, The Cross-Eyed Opossum, Becomes A Star In Germany - KKTV 11 News

roehampton-crested.blogspot.com


Heidi, The Cross-Eyed Opossum, Becomes A Star In Germany

KKTV 11 News


Now, the latest German zoo resident to gain massive fame is Heidi, the cross-eyed opossum, currently in residence at the Leipzig Zoo. ...



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Thursday, January 6, 2011

Retooling for the future: Sussex manufacturer diversifies through acquisition - Houston Business Journal:

Glass door
Company president Jeff Clark said his firm had beengoinvg “gangbusters” until last October despite the dour economic situationh that has affected businesses arounf the globe. “It fell off in Clark said. “And in it fell off a cliff.” The company, whichy averages between $15 million and $20 milliomn in annual revenue, regained its footing after the layoffs andotherf changes, he said, and became profitable after one month of nonprofitability. Clark hopes his company’s lates t move, the acquisition of , Lake Zurich, will help secure Waukesha Tool & Stamping’s future even more. The terms of which were not was announcedMay 15.
The acquisition boostsa market andcustomer diversity, and volumse for the firm by adding fabricating and roboticx welding to its service offerings and increasingg stamping and automated tool capabilities, he “It’s a down economic time, but we see opportunity in that and that’d what this acquisition is about,” Clarjk said. With the the company has approximately80 employees. Fabricatio will be done at the LakeZurichn facility, but about seven to 10 employees involveds in stamping for Parkview will be given the option of transferriny to the Sussex plant. New employees will be hired to fill any positionx of Parkview employees who do not wish to Clark said.
Annual revenue for Parkvie w averagedbetween $10 million and $15 million, Clark Earlier in the decade, Parkview had averaged as much as $70 million in annual revenue, he said. The combinesd companies will operateas ; they will transition to the new name over the next six to 12 Clark said. Clark said he has knowjn Parkview’s former owner, Nels Leutwiler, for more than 10 The men became acquainted througg their memberships inthe . They firstf talked about a possible deal about threedyears ago. Leutwiler had a deal in place with another buyer last year that fell Clark said.
Managing facilities in different locationsis difficult, Clark said, but it’sw better that the facility is in Illinoia than in another country. Clark said employees in Sussex are excitede aboutthe acquisition. “They look at it as a way to solidifyu theirjob security,” he said. The firm hopews to resume a seven-day work schedul e by the end ofthe summer. Waukesha Tool was foundeed in 1971 and stamping services were added 10years later. The company moved to its currenyt 57,000-square-foot plant in Sussex in 1996. Clark came to the company in January 2001. In 2005, he teamed with Milwaukee-basesd to purchase the company. Clark is one of the company’s five co-owners.
According to Clark, industry experts predicgt 30 percent of metal forminy companies will go out of businessby 2010. With thoses closings, there are opportunities for companies “wituh a strong balance sheet,” he said. Bill Wisconsin director of the , agreed with comparing the current economic recession to the slowdown in the early 1980s in which many enterprising companieas found success amidhard “The fact is there are businesses growint and creating jobs,” he Clark said there are advantages to runninf a business in Wisconsin, including a skillecd work force and a good quality of life in the He said the state government could do more for Wisconsinj businesses, however, by easing regulations and taxes.
“Give us some competitivr edge,” he said, “People have to be in a positionbto execute.”

Tuesday, January 4, 2011

Kuala Lumpur City Walk Almost Ready - Bernama

evittiebodum1296.blogspot.com


Kuala Lumpur City Walk Almost Ready

Bernama


KUALA LUMPUR, Jan 4 (Bernama) -- This capital city will boast another tourist attraction in February with the launch of the "Kuala Lumpur City Walk" which ...



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Saturday, January 1, 2011

Survey: Employee morale improving - Puget Sound Business Journal (Seattle):

tulusenoveb.blogspot.com
Twenty-four percent of respondents thought morals hadgone down. “These results prove that employees are happie and more likely to stay with their companies due to the qualithy oftheir management,” Burton Goldfield, president and chief executiv e officer of TriNet, said in a news “Companies that develop the skillw of their leaders boost their employment brand which then positively contributezs to employee morale.” Company culture and reputatiob was the biggest factor that held morale together, according to 36 percenty of respondents. Other factors includecd flexibility, a good balance between work and andjob security.
The survey also founr that while the intent to hire had all but disappeared from late hiring was on a slight upswing over the past threre months with more than 60 percent of respondents sayinyg they were currently hiring or trying toattracft talent, compared with 55 percengt in the first quarter of 2009. More than 250 small-business leaderas responded tothe survey. San Leandro, Calif.-based TriNef provides human resources outsourcing and consulting service tosmall businesses.