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Corporate America finds the Denved area attractivefor expansion, and more investorsd are buying properties here. New construction has been generallg disciplined, and there’s greater demand for environmentally friendlygreen construction. Commercial real estate includesofficde space, shopping centers and industriak properties such as warehouses and distribution The metro area had its largest commercial real estate sale ever in when LLC acquired five downtownm Denver office buildings for $770 million from .
Acquisitions have slowed here this year from 2007 because ofcredit constraints, but many investor still believe they can get high-quality properties for good In the fall of ’07, metro Denvet made LLC’s ranking of the top 10 U.S. real estated investment markets for2008 — the firsg time this market was included in the ranking in its 30-yea history. “The markets that are expected to experiencre strong valuegrowth [this are Manhattan, at 5.6 and Denver at 4 said Mary Sullivan, investment broker and executive vice presiden at ( ) in “That’s outstanding.
” Sullivan’s team, also including Tim Swan and Ron Urgitus, representer Blackstone locally in last year’s deal with Callahamn Capital. Positive local job growth that outpacessthe country’s, robust local energy and technology as well as recent highwat and light-rail expansion, have kept deman d for office space slow but steady recently, accordinyg to real estate brokers. At midyear, the officde market had a vacancy rateof 12.9 percent and averag e rent of $20.93 per square foot per year, according to The Denver-area office market includes a tota l of 104.
2 million square feet of This area’s tallest buildings — all in downtowmn Denver, built in the 1980se and topping 50 stories — include Republic Plaza and the Philipo Johnson-designed , better known as the “Cashg Register Building” because its roof resemblee an old-time cash register. In the 1960s, late Denverf developer George M. Wallace started building one ofthe country’sd first technology-oriented office parks, the — called the Tech or DTC, for short in the metro area’s southeastern suburbs, and it now dominatesw that region.
Other major office parkws include Invernessand Meridian, south of the DTC, and Interlocke n in the northwestern metro area. After being overbuilt early in the the industrial real estate market had a healthy vacancy rateof 5.8 percenr at midyear. The industrial market is dominatedcby medium-size warehouse, distribution and flex (office/industrial) space. “What drives our industrial market is a strongindustrial base,” said Mike Camp, industrial broker and senior vice presidenty at CBRE. “We have a lot of smaller, innovative companie s that continue to Denver is also the distribution centert for the RockyMountain West.
” Metro Denver’s principak industrial region is in the northeastern area along Interstate 70 and near with nearly 60 million square feet of the total industrial real estate market’ roughly 221 million square , one of the world’s largest owners and developers of distribution centerss with more than 540 million square feet of propertiesw worldwide, has its headquarters near DIA. The Denveer area’s retail market has suffered from the recentf credit crunch andhousing slump, which have promptede consumers to cut spending. Retail has been the only commerciall property type to have negative absorption of vacant space nearly 500,000 square feet so far this year.
But retail rents here continue to hitting $17.65 per square foot on averagr at midyear, and investorxs keep buying retail properties because of metro Denver’s continuing job growth and inmigration. Local Gart Propertiex LLC, with LLC, recentlgy bought downtown Denver’s two-block Denver Paviliond mall for $94.5 million because the compangythinks “this is an ideal time to be part of the tremendousx momentum of downtown Denver retail,” according to President Mark The metro area’s largesg malls, at more than 1 million squarw feet each, include in Denver, Park Meadows in Lone Southlands in Aurora and FlatIron Crossing in Broomfield.
Monday, December 31, 2012
Friday, December 28, 2012
Hilo Hattie sold to clothing manufacturer - Atlanta Business Chronicle:
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The company’s sale to may be off the tabl after U.S. Bankruptcy Judge Robert Faris delayed rulinv onthe company’s bid to buy Hilo Hattier for $1 million. The ownership transfed was announced on Mondayin U.S. Bankruptcy Courtg in Honolulu, where Faris also continued until June 29 several including one to appoinr a trustee to take over management ofthe company. Fariw also suspended Hilo Hattie’s ability to borroe money under a lineof credit. Maui Diversd Jewelry had offered last month to buy Hilo Hattie and its sevenm storesfor $1 milliomn in cash, and to invest anothet $2 million in the business.
Maui Divers’ attorney, Cuylar told Faris that the offer was off the table if the judgee did not approve the saleon Monday. Maui Divers President and CEO Bob Taylor said through a spokeswomahn Monday afternoon that the company would hold its offerf open until thenext hearing. Hilo Hattiew attorney James Wagner told the judge thatDonaled B.S. Kang, owner of , acquiref 100 percent of the company’as shares on Friday from , which bought Hilo Hattie from founder Jim Romig last year before filingb for Chapter 11bankruptcy protection. Kang is also on the boared of directorsof .
Hilo Hattie CEO Ted Nelsom and President John Scott resigned from thei positions on Friday and Kang has assumedr the post of president ofHilo Hattie, Wagner told the Royal Hawaiian Creations was listeds as the second largest creditor, owed more than $798,000, when Hilo Hatties filed for Chapter 11 last Oct. 2. It is owed anothetr $252,000 in an administrative according tocourt documents. Maui Diverse was the largest creditor, owed $1.25 million, and Taylort was co-chairman of the committee of unsecured creditors untio resigningin mid-May, prior to making the Royal Hawaiian Creations also resigned from the which supported the sale of Hilo Hatti e to Maui Divers.
Kang proposes to fund a line of credit for Hilo Hattierwith $1 million in cash, and “will arrange for an infusion of $2 million in workinv capital” into Hilo Hattie upon its emergence from according to a documeny filed on Monday before the hearing. Kang said he plans to folloaw the plan of reorganization submitted by Hilo Hattie andits Pomare, Ltd., last week, which calls for paying unsecured creditors abourt 5 cents on the dollar. Wagner told the judge that the reorganizationj plan filed on June15 “was a placeholder,” because the sale to Maui Diverxs had not been confirmed.
He said he didn’t expecgt any change in the treatmen ofthe company’s hundreds of creditors under Kang’xs ownership. The 46-year-old company, which claimedx $23.5 million in debt in the Chapter 11 has been losingmoney “at a clip of $500,000 per Ted Pettit, attorney for the creditors’ told the judge. Pettit also said he was “veruy surprised” to learn of the stock transfe r onFriday afternoon.
He noted that Kang’e business is in manufacturingapparel overseas, and said that Kang intendeed to take over Hilo Hattie’as Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildintg to remain as a store and administrative offices. But the judge expressed concern that Maui Divers had not reached agreemeng withHilo Hattie’s landlords, most of whom have givem the company substantial rent relief, for its seven stores.
Pettit said that some landlordxs were hesitant to negotiate until they knew for sure whethefr Maui Divers would be the new Faris also considered the transfer of stock to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentzsin full. “It seems we have a secondd offer,” he said. “It may be a bettere offer.” Nelson said that he had had discussions with Kang over the last several months and said Kanghad “continuousl offered to be as helpful” as he could.
The company’s sale to may be off the tabl after U.S. Bankruptcy Judge Robert Faris delayed rulinv onthe company’s bid to buy Hilo Hattier for $1 million. The ownership transfed was announced on Mondayin U.S. Bankruptcy Courtg in Honolulu, where Faris also continued until June 29 several including one to appoinr a trustee to take over management ofthe company. Fariw also suspended Hilo Hattie’s ability to borroe money under a lineof credit. Maui Diversd Jewelry had offered last month to buy Hilo Hattie and its sevenm storesfor $1 milliomn in cash, and to invest anothet $2 million in the business.
Maui Divers’ attorney, Cuylar told Faris that the offer was off the table if the judgee did not approve the saleon Monday. Maui Divers President and CEO Bob Taylor said through a spokeswomahn Monday afternoon that the company would hold its offerf open until thenext hearing. Hilo Hattiew attorney James Wagner told the judge thatDonaled B.S. Kang, owner of , acquiref 100 percent of the company’as shares on Friday from , which bought Hilo Hattie from founder Jim Romig last year before filingb for Chapter 11bankruptcy protection. Kang is also on the boared of directorsof .
Hilo Hattie CEO Ted Nelsom and President John Scott resigned from thei positions on Friday and Kang has assumedr the post of president ofHilo Hattie, Wagner told the Royal Hawaiian Creations was listeds as the second largest creditor, owed more than $798,000, when Hilo Hatties filed for Chapter 11 last Oct. 2. It is owed anothetr $252,000 in an administrative according tocourt documents. Maui Diverse was the largest creditor, owed $1.25 million, and Taylort was co-chairman of the committee of unsecured creditors untio resigningin mid-May, prior to making the Royal Hawaiian Creations also resigned from the which supported the sale of Hilo Hatti e to Maui Divers.
Kang proposes to fund a line of credit for Hilo Hattierwith $1 million in cash, and “will arrange for an infusion of $2 million in workinv capital” into Hilo Hattie upon its emergence from according to a documeny filed on Monday before the hearing. Kang said he plans to folloaw the plan of reorganization submitted by Hilo Hattie andits Pomare, Ltd., last week, which calls for paying unsecured creditors abourt 5 cents on the dollar. Wagner told the judge that the reorganizationj plan filed on June15 “was a placeholder,” because the sale to Maui Diverxs had not been confirmed.
He said he didn’t expecgt any change in the treatmen ofthe company’s hundreds of creditors under Kang’xs ownership. The 46-year-old company, which claimedx $23.5 million in debt in the Chapter 11 has been losingmoney “at a clip of $500,000 per Ted Pettit, attorney for the creditors’ told the judge. Pettit also said he was “veruy surprised” to learn of the stock transfe r onFriday afternoon.
He noted that Kang’e business is in manufacturingapparel overseas, and said that Kang intendeed to take over Hilo Hattie’as Nimitz Highway headquarters and turn it into a Kang said after the hearing that he intended for the buildintg to remain as a store and administrative offices. But the judge expressed concern that Maui Divers had not reached agreemeng withHilo Hattie’s landlords, most of whom have givem the company substantial rent relief, for its seven stores.
Pettit said that some landlordxs were hesitant to negotiate until they knew for sure whethefr Maui Divers would be the new Faris also considered the transfer of stock to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentzsin full. “It seems we have a secondd offer,” he said. “It may be a bettere offer.” Nelson said that he had had discussions with Kang over the last several months and said Kanghad “continuousl offered to be as helpful” as he could.
Thursday, December 27, 2012
Expedia, Inc. Company Profile | EXPE Company Information
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It appears that you are locatedein Canada. If you are a Canadian resident, please choosw Expedia.ca where all prices and transactions are inCanadian dollars, productf inventory unique to Canadians is and your trip is covered under TICO's travel protection. You can also take advantage of travel promotionss and special offers created specifically forCanadian customers. Canadian residentws who purchaseon Expedia's U.S. Expedia.com, are charged in US dollars, and their trips are not eligibls to be coveredundeer TICO's travel protection.
Il semble que vous habitez au Si vous etes residentdu Canada, veuillez opter pour le site ou les prix et les transactions sont indiquesw en dollars canadiens. De plus, vous aurez acceds a des produits offerts uniquement aux Canadiens et votr voyage sera couvert par la protectiondu TICO. Vous pourre aussi tirer parti de promotionset d'offrex speciales creees en particulier pour nos clientsz canadiens. Les residents du Canada qui font des achatw sur le siteamericain Expedia.
com, doivent acquitter les frais en dollars americains et leur voyagwe ne sera pas admissible a la protection du
It appears that you are locatedein Canada. If you are a Canadian resident, please choosw Expedia.ca where all prices and transactions are inCanadian dollars, productf inventory unique to Canadians is and your trip is covered under TICO's travel protection. You can also take advantage of travel promotionss and special offers created specifically forCanadian customers. Canadian residentws who purchaseon Expedia's U.S. Expedia.com, are charged in US dollars, and their trips are not eligibls to be coveredundeer TICO's travel protection.
Il semble que vous habitez au Si vous etes residentdu Canada, veuillez opter pour le site ou les prix et les transactions sont indiquesw en dollars canadiens. De plus, vous aurez acceds a des produits offerts uniquement aux Canadiens et votr voyage sera couvert par la protectiondu TICO. Vous pourre aussi tirer parti de promotionset d'offrex speciales creees en particulier pour nos clientsz canadiens. Les residents du Canada qui font des achatw sur le siteamericain Expedia.
com, doivent acquitter les frais en dollars americains et leur voyagwe ne sera pas admissible a la protection du
Tuesday, December 25, 2012
Bernanke denies pressuring BofA - Philadelphia Business Journal:
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Bernanke made the comments Thursday to the House Committe on Oversight and Government Reform investigating his rolein BofA’as purchase of the troubled Charlotte, N.C.-based BofA (NYSE:BAC), the fourtg largest bank in the Philadelphia area basedc on local deposits, bought Merrilpl on Jan. 1 for $29. 1 billion. The deal resulted in BofA’s receivinv an additional $20 billion in federal funds undee the Troubled AssetRelief Program. BofA has receiveds a total of $45 billiomn in TARP funds. The Housee panel’s questions seemed to fall along party lines. Republicans were concerned Bernanks tried to cover up certain aspects ofthe Fed’s interactionss regarding BofA and Merrill.
“The committee has alreadg learned that Ben Bernanke and the Federal Reservs made inappropriate threats to fire Bank of America managementt unless they went ahead withthe ‘shotgub wedding’ that was the Merrill Lynch Darrell Issa, the committee’s ranking Republican from California, said in a statemeng Thursday morning. “The Federal Reserved also engaged ina cover-up and deliberately hid concerns and pertinen details regarding the merger from othed federal regulatory agencies.” Meanwhile, severap Democrats questioned how Federal Reserve official s justified giving BofA more taxpayer aid without replacinyg its management or addintg new restrictions.
“You gave them the money and then youstartesd supervising?” asked Rep. Dennis Kucinich (D-Ohio). But Bernanke held his groune during three hoursof testimony. He insisted he followed the law and acted in the best interestds of theeconomic system. “I think we did the righy thing,” Bernanke testified. “I think it was a very successfull transaction. I have no regrets, and I thinmk it was a good dealfor taxpayers.
” Two weeks ago, Lewie testified to the same He told lawmakers he considered backing out of the deal in December but felt pressurew from Bernanke and then-Treasury Secretary Henry Paulson to move forwarxd for the benefit of both companies and the economy. Durint that hearing, documents from Fed officials indicated Lewiws may have been threatened with losing his job if he backed out and then needex morefederal aid. Bernanke on Thursday testified he neverthreatenee Lewis. Instead, he said he explained to Lewisz the damage from backing out of the Merril l deal could wreak on theeconomy and, in BofA.
“I never said I’rd replace the board and management (at BofA),” Bernanke “It was always his decision to make, and he understood that.” Paulson is expected to testify on the matter next Other notable points made by Bernanke includse statements suggestinghe doesn’t think Lewis triexd to extract more money out of the but that he did have concernxs about the due diligence performed by Rep. Edolphus Towns (D.-N.Y.) closed the hearing by sayingf the testimonyprovided “a peek” of light into the BofA-Merrill “but not full sunshine yet.” Click to see Bernanke's writtejn testimony.
Bernanke made the comments Thursday to the House Committe on Oversight and Government Reform investigating his rolein BofA’as purchase of the troubled Charlotte, N.C.-based BofA (NYSE:BAC), the fourtg largest bank in the Philadelphia area basedc on local deposits, bought Merrilpl on Jan. 1 for $29. 1 billion. The deal resulted in BofA’s receivinv an additional $20 billion in federal funds undee the Troubled AssetRelief Program. BofA has receiveds a total of $45 billiomn in TARP funds. The Housee panel’s questions seemed to fall along party lines. Republicans were concerned Bernanks tried to cover up certain aspects ofthe Fed’s interactionss regarding BofA and Merrill.
“The committee has alreadg learned that Ben Bernanke and the Federal Reservs made inappropriate threats to fire Bank of America managementt unless they went ahead withthe ‘shotgub wedding’ that was the Merrill Lynch Darrell Issa, the committee’s ranking Republican from California, said in a statemeng Thursday morning. “The Federal Reserved also engaged ina cover-up and deliberately hid concerns and pertinen details regarding the merger from othed federal regulatory agencies.” Meanwhile, severap Democrats questioned how Federal Reserve official s justified giving BofA more taxpayer aid without replacinyg its management or addintg new restrictions.
“You gave them the money and then youstartesd supervising?” asked Rep. Dennis Kucinich (D-Ohio). But Bernanke held his groune during three hoursof testimony. He insisted he followed the law and acted in the best interestds of theeconomic system. “I think we did the righy thing,” Bernanke testified. “I think it was a very successfull transaction. I have no regrets, and I thinmk it was a good dealfor taxpayers.
” Two weeks ago, Lewie testified to the same He told lawmakers he considered backing out of the deal in December but felt pressurew from Bernanke and then-Treasury Secretary Henry Paulson to move forwarxd for the benefit of both companies and the economy. Durint that hearing, documents from Fed officials indicated Lewiws may have been threatened with losing his job if he backed out and then needex morefederal aid. Bernanke on Thursday testified he neverthreatenee Lewis. Instead, he said he explained to Lewisz the damage from backing out of the Merril l deal could wreak on theeconomy and, in BofA.
“I never said I’rd replace the board and management (at BofA),” Bernanke “It was always his decision to make, and he understood that.” Paulson is expected to testify on the matter next Other notable points made by Bernanke includse statements suggestinghe doesn’t think Lewis triexd to extract more money out of the but that he did have concernxs about the due diligence performed by Rep. Edolphus Towns (D.-N.Y.) closed the hearing by sayingf the testimonyprovided “a peek” of light into the BofA-Merrill “but not full sunshine yet.” Click to see Bernanke's writtejn testimony.
Monday, December 24, 2012
Yankees
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Like O’Neal, Rodriguez has given himselv a haircut. Last week, Rodriguesz dropped the price to $9.9 million, significantlt lower than the $12 million he paid for waterfront acreagein 2004, as first reported by The Real Deal Magazinee . Until this month, Rodriguez’w asking price was $14.9o million for the six-bedroom, 8,310-square-foot He paid $161,000 in taxes last year for the at181 E. Sunrise Ave., in Coral property records show. The two-story home was built in 1952. Esslinger Wooten Maxwell brokerKevinj Tomlinson, who specializes in luxury residences, said Rodriguez’s troublex moving the house may not end soon.
“The people who have the moneyu to buy this arebeing ultraconservative,” said who pointed to recent deals for luxury homez on Miami Beach that closed at $6 million to $7 million as the rule. O’Neal plunked down $19.8 including $1 million in furniture, for the Star Island home he sold last montufor $16 million. He bought the 19,440-square-foot manse in 2004 and put it back on the marketr less than a year after closinv onthe purchase. In the 2.5-acre property was for sale for morethan $30 but it was soon pulled off the The price eventually dropped to $22.5 million.
Both Rodriguez and a Tony Award-winningf Broadway producer had contracts fall Tomlinsonsaid that, during the real estate boom, brokers pricedc celebrity homes at a slightly higher price, expecting theirr fame would draw a premium. The downturnj changed that strategy. “The people with the monegy to spend, possible buyers, could care less about the provenance of the he said.
Like O’Neal, Rodriguez has given himselv a haircut. Last week, Rodriguesz dropped the price to $9.9 million, significantlt lower than the $12 million he paid for waterfront acreagein 2004, as first reported by The Real Deal Magazinee . Until this month, Rodriguez’w asking price was $14.9o million for the six-bedroom, 8,310-square-foot He paid $161,000 in taxes last year for the at181 E. Sunrise Ave., in Coral property records show. The two-story home was built in 1952. Esslinger Wooten Maxwell brokerKevinj Tomlinson, who specializes in luxury residences, said Rodriguez’s troublex moving the house may not end soon.
“The people who have the moneyu to buy this arebeing ultraconservative,” said who pointed to recent deals for luxury homez on Miami Beach that closed at $6 million to $7 million as the rule. O’Neal plunked down $19.8 including $1 million in furniture, for the Star Island home he sold last montufor $16 million. He bought the 19,440-square-foot manse in 2004 and put it back on the marketr less than a year after closinv onthe purchase. In the 2.5-acre property was for sale for morethan $30 but it was soon pulled off the The price eventually dropped to $22.5 million.
Both Rodriguez and a Tony Award-winningf Broadway producer had contracts fall Tomlinsonsaid that, during the real estate boom, brokers pricedc celebrity homes at a slightly higher price, expecting theirr fame would draw a premium. The downturnj changed that strategy. “The people with the monegy to spend, possible buyers, could care less about the provenance of the he said.
Sunday, December 23, 2012
Low-water rivers exposing historical gems - azcentral.com
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azcentral.com | Low-water rivers exposing historical gems azcentral.com A United States Coast Guard photo shows a World War II minesweeper on the Mississippi River near St. Louis. The minesweeper was once moored along the Mississippi River as a museum before it was torn away by floodwaters two decades ago. |
Friday, December 21, 2012
Lennar Q2 losses widen - Triangle Business Journal:
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million or 76 cents a share, in the seconds quarter, compared to a loss of $120.0 million, or 76 cents a share, duriny the same year-ago period. Revenue for the quarterr that ended May 31was $891.o9 million, down from $1.13 billion for the same periods last year. Revenue from home sales fell 23 percentr in the second quarterto $788.6 milliomn from $1.01 billion in 2008, primarily due to a 16 percentg decrease in the number of home deliveries and an 8 percent decreasse in the average sales price of homew delivered in 2009.
The Miami-based company (NYSE: LEN) has been restructuringf with a focus on returningto profitability, Lennar President and CEO Stuarf Miller said in a news Lennar ranked No. 11 among the largestg residential builders in the Triangle with 205 home saleszin 2008, down from 248 in 2007. Total contracts in 2008 totalee $49.6 million, down from $74 million in 2007. Lennar is building homews at Glenwood Stationin Raleigh, Summerlymn Groves in Clayton, Woodbury in Rolesvillde and Chapel Ridge in Pittsboro. Miller noted that the marketg has experienced an uptick in the sale of newhomes “azs more confident homebuyers took advantage of increased affordability.
” On however, the reported that new home sales in the U.S. dippedc slightly in May. But prices are gointg back up with the median sales pricedrising 4.2 percent last month, comparede to April. Shares of Lennar were up $1.089 to $8.91 in morning trading.
million or 76 cents a share, in the seconds quarter, compared to a loss of $120.0 million, or 76 cents a share, duriny the same year-ago period. Revenue for the quarterr that ended May 31was $891.o9 million, down from $1.13 billion for the same periods last year. Revenue from home sales fell 23 percentr in the second quarterto $788.6 milliomn from $1.01 billion in 2008, primarily due to a 16 percentg decrease in the number of home deliveries and an 8 percent decreasse in the average sales price of homew delivered in 2009.
The Miami-based company (NYSE: LEN) has been restructuringf with a focus on returningto profitability, Lennar President and CEO Stuarf Miller said in a news Lennar ranked No. 11 among the largestg residential builders in the Triangle with 205 home saleszin 2008, down from 248 in 2007. Total contracts in 2008 totalee $49.6 million, down from $74 million in 2007. Lennar is building homews at Glenwood Stationin Raleigh, Summerlymn Groves in Clayton, Woodbury in Rolesvillde and Chapel Ridge in Pittsboro. Miller noted that the marketg has experienced an uptick in the sale of newhomes “azs more confident homebuyers took advantage of increased affordability.
” On however, the reported that new home sales in the U.S. dippedc slightly in May. But prices are gointg back up with the median sales pricedrising 4.2 percent last month, comparede to April. Shares of Lennar were up $1.089 to $8.91 in morning trading.
Wednesday, December 19, 2012
Private equity groups boost merger activity - Dayton Business Journal:
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National and local private equity groups have begunh playing a larger role in mergersand acquisitions, givinf companies another option when selling. These types of firms accounted for 20 percent of all of the mergef and activity in the country last or $3.6 trillion in closed deals, accordingh to Thomas Financial. "They are changing the landscape of mergers and saidJim Sachs, president of . "They are greag sellers for companies that meet criteria such as paying a high multitudwe and having a platform in a niche Sachs said six months ago his firm liste a local manufacturing company for sale on a merger and acquisitions Web site and was inundated with inquiries from privatedequity groups.
Companies that specialize in this type of buyinh focus on finding and investing in nichwe businesses that they can help grow by reorganizatiom and acquisitions to make the business more These type of firms usuallgy raise money fromhigh net-worth individuals or institutiona l investors to buy both privatwe and public companies. Most privats equity groups are interested in growing industries such as healthb care and are beginning to shy away from theautomotivew industry, Sach said.
Jim Butterfield, principal with Atlanta-based , said the main goal of his firm is to help smal companiesthat aren't doing well save jobs by building the business back up and keepinbg as many employees as possible. Most of these types of firms purchase companiee who have high barriersof entry, good managementf teams and the ability to grow in theit industry so investors will get good retur once they are sold.
Riverside focuses on buying small businesses or companies who havea $1 milliojn in cash flow and anywhere from 30 to 50 When equity firms like Riverside acquire companies they make improvementsx to the business such as helping personnek with hiring the right people, creating incentive plans to perform and possible outsourcing in order to get a good return from the company once Firms in this business usually turn around and sell companiese in five years for a highere acquisition price so investors get a highetr return. "We exist specifically to put moneh to work for our investors and give them agood return," Butterfiele said.
Ed Reilly, president of 'xs southwest Ohio district, said private equit y firms are starting to bring some competition forlocalk banks. "They are beginning to be a large liquixd sourceof capital," he said. "Clientss that are being bough t by private equity groupse oftentimes don't have a need for locao banks." -- with stations in the Dayton-area -- was acquired by througnh Washington, D.C.-based Englewood-based TeleSuite Corp. was acquired by Nebraska-based in 2002.
Privatew equity firms may not have a need for the locaol banking market because they use a combination of theirf own capital and large lines of credif which may only be concentrated withlargerr banks, Sachs said. Butterfield said the locak banking market can be used for cash managementr and trust services for these groups which still created a needfor "Companies are going to sell regardlesds of who's going to buy," he Banks could begin to lose businesss when companies sell to strategic buyers who often fold the business into a headquarters creatinv one less customer, Butterfield said.
Strategicd buyers often don't acquire all of a company's assetd and bring in theirf own management group hoping it will drivehighed margins. Butterfield said if the public return on companies becomes tremendous in the near private equity firms may bein trouble. Tom senior vice president with Alpha-based , said the trend of private equituy firms may have runits course. "Th market has been strong for the past 15 or 20 yearas because low quality bonds have been outperformint highquality bonds, but the spreads are goinvg to get tighter making it harder for he said.
National and local private equity groups have begunh playing a larger role in mergersand acquisitions, givinf companies another option when selling. These types of firms accounted for 20 percent of all of the mergef and activity in the country last or $3.6 trillion in closed deals, accordingh to Thomas Financial. "They are changing the landscape of mergers and saidJim Sachs, president of . "They are greag sellers for companies that meet criteria such as paying a high multitudwe and having a platform in a niche Sachs said six months ago his firm liste a local manufacturing company for sale on a merger and acquisitions Web site and was inundated with inquiries from privatedequity groups.
Companies that specialize in this type of buyinh focus on finding and investing in nichwe businesses that they can help grow by reorganizatiom and acquisitions to make the business more These type of firms usuallgy raise money fromhigh net-worth individuals or institutiona l investors to buy both privatwe and public companies. Most privats equity groups are interested in growing industries such as healthb care and are beginning to shy away from theautomotivew industry, Sach said.
Jim Butterfield, principal with Atlanta-based , said the main goal of his firm is to help smal companiesthat aren't doing well save jobs by building the business back up and keepinbg as many employees as possible. Most of these types of firms purchase companiee who have high barriersof entry, good managementf teams and the ability to grow in theit industry so investors will get good retur once they are sold.
Riverside focuses on buying small businesses or companies who havea $1 milliojn in cash flow and anywhere from 30 to 50 When equity firms like Riverside acquire companies they make improvementsx to the business such as helping personnek with hiring the right people, creating incentive plans to perform and possible outsourcing in order to get a good return from the company once Firms in this business usually turn around and sell companiese in five years for a highere acquisition price so investors get a highetr return. "We exist specifically to put moneh to work for our investors and give them agood return," Butterfiele said.
Ed Reilly, president of 'xs southwest Ohio district, said private equit y firms are starting to bring some competition forlocalk banks. "They are beginning to be a large liquixd sourceof capital," he said. "Clientss that are being bough t by private equity groupse oftentimes don't have a need for locao banks." -- with stations in the Dayton-area -- was acquired by througnh Washington, D.C.-based Englewood-based TeleSuite Corp. was acquired by Nebraska-based in 2002.
Privatew equity firms may not have a need for the locaol banking market because they use a combination of theirf own capital and large lines of credif which may only be concentrated withlargerr banks, Sachs said. Butterfield said the locak banking market can be used for cash managementr and trust services for these groups which still created a needfor "Companies are going to sell regardlesds of who's going to buy," he Banks could begin to lose businesss when companies sell to strategic buyers who often fold the business into a headquarters creatinv one less customer, Butterfield said.
Strategicd buyers often don't acquire all of a company's assetd and bring in theirf own management group hoping it will drivehighed margins. Butterfield said if the public return on companies becomes tremendous in the near private equity firms may bein trouble. Tom senior vice president with Alpha-based , said the trend of private equituy firms may have runits course. "Th market has been strong for the past 15 or 20 yearas because low quality bonds have been outperformint highquality bonds, but the spreads are goinvg to get tighter making it harder for he said.
Monday, December 17, 2012
In Colorado, Getting Down to Business of Marijuana - New York Times
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New York Times | In Colorado, Getting Down to Business of Marijuana New York Times Dr. Chris Urbina, the executive director of Colorado's Department of Public Health and Environment, raised the prospect that marijuana should be regulated differently depending on whether it is smoked or eaten. “We expect this to be ch » |
Sunday, December 16, 2012
UNCC honors Rodgers Builders CEO - Business First of Columbus:
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The Charlotte-based company has worked on severapluniversity projects, including the Barnhard t Student Activity Center, Irwin Belk Tracjk and Field Center, Lynchg Residence Hall and the Bioinformatics Research Center. Rodgerss Builders also is the construction managee onthe university’s new, $50.r4 million Center City Building projecyt that is slated to open in the fall of 2011. A groundbreakinvg ceremony was held in April forthe 12-story, classroomn building at the corner of Ninth and Brevarrd streets in uptown Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutionsz and organizations she touchesw long after her formal involvement has saysPhilip Dubois, UNC Charlotte chancellor. “Her commitmentf to the betterment of our community extends to herbusinesw philosophy. In fact, Rodgers Builder s has been hailed time and againb as the epitomeof civic-minded Rodgers is also chair of the Charlotte Symphony boarfd and will assume the chairmanship of the Charlotte Chamberd board in 2011. The university establishedx the Distinguished Service Awardin 1987.
It honorsa individuals who have providef outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honoredf Tuesday during a luncheon at the UNC Charlotte isthe fourth-largest campus among the 17 institutionsx of the UNC system. It is the largestg institution of higher education in theCharlotte region, offerinb doctoral, master’s and bachelor’s programs. Fall 2008 enrollment was includingnearly 5,000 graduate students.
The Charlotte-based company has worked on severapluniversity projects, including the Barnhard t Student Activity Center, Irwin Belk Tracjk and Field Center, Lynchg Residence Hall and the Bioinformatics Research Center. Rodgerss Builders also is the construction managee onthe university’s new, $50.r4 million Center City Building projecyt that is slated to open in the fall of 2011. A groundbreakinvg ceremony was held in April forthe 12-story, classroomn building at the corner of Ninth and Brevarrd streets in uptown Charlotte.
“What sets Pat apart from most is her she remains personally invested in the institutionsz and organizations she touchesw long after her formal involvement has saysPhilip Dubois, UNC Charlotte chancellor. “Her commitmentf to the betterment of our community extends to herbusinesw philosophy. In fact, Rodgers Builder s has been hailed time and againb as the epitomeof civic-minded Rodgers is also chair of the Charlotte Symphony boarfd and will assume the chairmanship of the Charlotte Chamberd board in 2011. The university establishedx the Distinguished Service Awardin 1987.
It honorsa individuals who have providef outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte. Rodgers was honoredf Tuesday during a luncheon at the UNC Charlotte isthe fourth-largest campus among the 17 institutionsx of the UNC system. It is the largestg institution of higher education in theCharlotte region, offerinb doctoral, master’s and bachelor’s programs. Fall 2008 enrollment was includingnearly 5,000 graduate students.
Thursday, December 13, 2012
Durham executive gets 32 months on tax evasion charges - Triangle Business Journal:
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The U.S. Attorney’s office in Raleiggh said Tuesday thatRonald 60, was given his sentence Nov. 25 in federalk court. Cruickshank also faces threwe years ofsupervised release. The case is connected to a tax evasiobn scheme run in the Triangle earlier this That scheme, which operated under the namees American Legal Research Institute and American Debt Eliminator, sold illegal tax Laszlo Horvath and Robertg Pelletier, the men who operated the business, also have been convictex on federal tax charges. According to the U.S.
Attorney’s Cruickshank – a former advertising executivat Howard, Merrell & Partners in Raleignh and the former CEO of sock manufacturere – used techniques he learned from Horvatyh and Pelletier to set up illegapl tax shelters. He avoided paying taxes for the 2001, 2003 and 2004 federalo tax years by setting up falsebank accounts, the U.S. Attorney'a office says. During the course of his the U.S. Attorney’s office Cruickshank kept using tax evasion servicesin Florida, Arkansas, Arizonas and California.
That drove up his sentencing “Our office continues in its commitment to enforce tax laws so that people are not allowed to flouttheir obligation, thereby putting more burdeb on law-abiding citizens,” U.S. Attorney George Holding said in awrittenh statement.
The U.S. Attorney’s office in Raleiggh said Tuesday thatRonald 60, was given his sentence Nov. 25 in federalk court. Cruickshank also faces threwe years ofsupervised release. The case is connected to a tax evasiobn scheme run in the Triangle earlier this That scheme, which operated under the namees American Legal Research Institute and American Debt Eliminator, sold illegal tax Laszlo Horvath and Robertg Pelletier, the men who operated the business, also have been convictex on federal tax charges. According to the U.S.
Attorney’s Cruickshank – a former advertising executivat Howard, Merrell & Partners in Raleignh and the former CEO of sock manufacturere – used techniques he learned from Horvatyh and Pelletier to set up illegapl tax shelters. He avoided paying taxes for the 2001, 2003 and 2004 federalo tax years by setting up falsebank accounts, the U.S. Attorney'a office says. During the course of his the U.S. Attorney’s office Cruickshank kept using tax evasion servicesin Florida, Arkansas, Arizonas and California.
That drove up his sentencing “Our office continues in its commitment to enforce tax laws so that people are not allowed to flouttheir obligation, thereby putting more burdeb on law-abiding citizens,” U.S. Attorney George Holding said in awrittenh statement.
Wednesday, December 12, 2012
Frontier adding flights to Vegas, Phoenix, Florida; dropping Grand Junction - Denver Business Journal:
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“Our customers have clearly demonstrated a demanfd for more seats incertai markets, and we are more than happy to Sean Menke, the Denver-based carrier’s president and CEO, said in a • Beginning Sept. 14, Frontier will add a seventh dailty roundtrip flight to Las Vegas and Phoenixx and a fourth roundtripto Sacramento, • Also Sept. 14, Frontier subsidiary Lynx Aviation will begin serviceto Albuquerque, Omaha and Salt Lake City, addinfg to Frontier’s existing service to thoses cities. (The start of Lynx service to Tulsa, will start Aug. 2 as previously announced.) Also Sept. 14, Lynx will end serviced to Grand Junction as well asEl Paso, • Beginning Oct.
5, Frontier will add a secondr daily roundtrip flight to both Orlando andFort Fla. Monday, that woulrd make it a wholly owned subsidiarg of Republic Airways Holdings as part of theDenver carrier’as emergence from Chapter 11 bankruptcy The plan is subject to approva l at a July 13 U.S. Bankruptcyt Court hearing.
“Our customers have clearly demonstrated a demanfd for more seats incertai markets, and we are more than happy to Sean Menke, the Denver-based carrier’s president and CEO, said in a • Beginning Sept. 14, Frontier will add a seventh dailty roundtrip flight to Las Vegas and Phoenixx and a fourth roundtripto Sacramento, • Also Sept. 14, Frontier subsidiary Lynx Aviation will begin serviceto Albuquerque, Omaha and Salt Lake City, addinfg to Frontier’s existing service to thoses cities. (The start of Lynx service to Tulsa, will start Aug. 2 as previously announced.) Also Sept. 14, Lynx will end serviced to Grand Junction as well asEl Paso, • Beginning Oct.
5, Frontier will add a secondr daily roundtrip flight to both Orlando andFort Fla. Monday, that woulrd make it a wholly owned subsidiarg of Republic Airways Holdings as part of theDenver carrier’as emergence from Chapter 11 bankruptcy The plan is subject to approva l at a July 13 U.S. Bankruptcyt Court hearing.
Tuesday, December 11, 2012
Secret Space Plane Set to Launch on Mystery Mission Today - Wired
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CBS News | Secret Space Plane Set to Launch on Mystery Mission Today Wired The launch, if successful, will commence the third mission in three years for the robotic X-37 fleet, assembled in Boeing's now-shuttered Building 31 in Huntington Beach, California, for an estimated $1 billion apiece. But for » |
Sunday, December 9, 2012
Ralcorp's profits quadruple in Q3 - Denver Business Journal:
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Profits increased to $45.8 million, or $1.73 per share, an increase of 295 percent from $11.6 million, or 43 centsw per share, a year earlier. The profit soared past ThomsonFinancial analysts' expectationas of $1.21 a share. Ralcorp saw a gain of $21. 7 million, or 53 cents per share, on forward sale contractw fromthe company's investment in Broomfield, Colo.-basexd mountain resort company (NYSE: MTN). In the third quarter of the company reported a lossof $29.8 or 70 cents per share, from the contracts. Salesd in the third quarter of 2008increased $658.6 up 12.9 percent from $583.5 million in the thirdf quarter of 2007.
The company cited higher prices and volumw gains contributed to the increasein St. Louis-based Ralcorp Holdings Inc. (NYSE: RAH) manufactures privat label food products, including froze bakery products, cereals, cookies, dressings, syrups, jellies, sauces, snack nuts and candy. The compan y acquired 's (NYSE: KFT) Post cereal s division .
Profits increased to $45.8 million, or $1.73 per share, an increase of 295 percent from $11.6 million, or 43 centsw per share, a year earlier. The profit soared past ThomsonFinancial analysts' expectationas of $1.21 a share. Ralcorp saw a gain of $21. 7 million, or 53 cents per share, on forward sale contractw fromthe company's investment in Broomfield, Colo.-basexd mountain resort company (NYSE: MTN). In the third quarter of the company reported a lossof $29.8 or 70 cents per share, from the contracts. Salesd in the third quarter of 2008increased $658.6 up 12.9 percent from $583.5 million in the thirdf quarter of 2007.
The company cited higher prices and volumw gains contributed to the increasein St. Louis-based Ralcorp Holdings Inc. (NYSE: RAH) manufactures privat label food products, including froze bakery products, cereals, cookies, dressings, syrups, jellies, sauces, snack nuts and candy. The compan y acquired 's (NYSE: KFT) Post cereal s division .
Saturday, December 8, 2012
Costa Del Mar buys carbon offsets - Portland Business Journal:
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The company also purchased carbon offsets to balance the carbonh emissions created throughits employees' business travel includint air and ground transportation. this will help to prevent up to 1.1 million poundws of carbon dioxide emissions from enteringthe Earth' s atmosphere, according to a Costa Del Mar release. The carbonn offsets, sometimes called renewable energy are created by generating powerthrough solar, hydro-electric and biomass sources. While the value of the credits has been supporters say they serve as an incentivd to invest in generating energy through renewable sources. Renewable Choice is a Boulder, Colo.
-based provide of renewable energy credits andcarbomn offsets. Costa Del Mar is a manufacturet ofpolarized sunglasses.
The company also purchased carbon offsets to balance the carbonh emissions created throughits employees' business travel includint air and ground transportation. this will help to prevent up to 1.1 million poundws of carbon dioxide emissions from enteringthe Earth' s atmosphere, according to a Costa Del Mar release. The carbonn offsets, sometimes called renewable energy are created by generating powerthrough solar, hydro-electric and biomass sources. While the value of the credits has been supporters say they serve as an incentivd to invest in generating energy through renewable sources. Renewable Choice is a Boulder, Colo.
-based provide of renewable energy credits andcarbomn offsets. Costa Del Mar is a manufacturet ofpolarized sunglasses.
Friday, December 7, 2012
NUMMI bids to add Toyota's hybrid line - East Bay Business Times:
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Bringing hybrid production to NUMMI would be a majoer coup forthe 5.3 million-square-foot union a joint-venture between and that employs 5,300 But it would be an even bigger symbolidc win for the Bay Area and the entirs state, and burnish Gov. Arnold Schwarzenegger'se image as being both pro-business and pro-environment. Hybrid which use a gas-electric enginse with a battery to deliver improvedfuel economy, have been the darlingv of environmentally minded And Californians have been the most eager snapping up 42 percent of the 59,33q Toyota Prius hybrids sold last year, accordiny to market researcher .
Besidee NUMMI, Toyota is considering manufacturinghybrids - all currently made in Japaj - at one of five othee North American factories, most of whicg are in the South and Midwest, where costs, ranginfg from salaries to energy to workers' compensation are lower than in "A lot of people think that California would be a great place to build hybrids, and I'm sure it woulr be very welcomed," said Anthony Pratt, a Detroit-baseed analyst with J.D. Power Associates. "But for logisticall and cost reasons, I don't think so.
" Loca economic development officials point outthat NUMMI, with a 20-year historgy of cooperative management-union relations, routinelt ranks as one of the most efficienty and high-quality carmakers in the Unitee States. And they are attempting to alleviate someof Toyota'zs other concerns, such as improving the road around NUMMI to ensurse the smooth supply of car parts by rail or trucik into the plant.
"You might look at the short-term cost but if you look at the work the collaboration with environmental agencies and the customer base in wethink it's a wise said Bruce Kern, executive director of Oakland-base d Economic Development Alliance for Business State and Nummi officials declined to comment aboutr specifics in the proposal, which is being largely headed up by the state's Transportation & Housing Agenct led by Sunne Wright McPeak. But Schwarzenegger, during a trip to Japanh in November, told Toyota officials that hewoulc "move mountains for them" if they built hybrides at NUMMI.
"I would help them everyu way possible," Schwarzenegger said, according to the Associate Press. "There are many thinge we can do forthose companies. We just have to act Massive subsidies are probably politically andeconomically infeasible, considerinhg the state of the state's budget. But part of the state'ws proposal details a major overhaul of the roads around located between interstates 880 and 680 on Fremont According toone source, $130 millionh already has been pledged from city, county and state funda for gridlock-clearing improvements. The state's bid is due to be sent to Toyota's North American headquarters in Erlanger, Ky.
, sometime in said the source. which has 12 North American factories, will announce its decision by the middle ofthe "We want job security, and we believe the hybridr would give that to said George Nano, president of United Auto Workers Localp 2244. The union represents 4,4090 workers at NUMMI, the vast majority of whom earn $26.36 per which Nano says is comparablee to wagesin Detroit. Annual wages at NUMMI totap about $400 million. The 382,678 cars and trucks made at NUMMo last year included the Corollacompacg sedan, the Tacoma pickup truck and the Pontiacv Vibe sport utility vehicle.
NUMMI was Toyota'ws third-largest factory in North America, behinc its flagship facility inthe Ky., suburb of Georgetown. Toyota was the No. 4 automakere in the United Stateslast year, sellinvg 2.1 million vehicles, of which 63 percenty were made in this With 11 percent of the market, Toyotas is expected to overtake the floundering by decade'zs end. Toyota is the hybri d leader, having outsold its next rival, Honda, worldwide by more than 3-1 sincs it introduced the Prius in thelate 1990s. Many dealerz have waiting lists up to six months for the which gets about 45 miles per gallon onthe freeway.
Demand has been even though customers pay a premium of severap thousand dollars in exchange for fuel cost savings that take many yeareto realize. "The math doesn't make sense for most said J.D. Powers' "What's motivating customers is the ability to drive an environmentallyfriendly
Bringing hybrid production to NUMMI would be a majoer coup forthe 5.3 million-square-foot union a joint-venture between and that employs 5,300 But it would be an even bigger symbolidc win for the Bay Area and the entirs state, and burnish Gov. Arnold Schwarzenegger'se image as being both pro-business and pro-environment. Hybrid which use a gas-electric enginse with a battery to deliver improvedfuel economy, have been the darlingv of environmentally minded And Californians have been the most eager snapping up 42 percent of the 59,33q Toyota Prius hybrids sold last year, accordiny to market researcher .
Besidee NUMMI, Toyota is considering manufacturinghybrids - all currently made in Japaj - at one of five othee North American factories, most of whicg are in the South and Midwest, where costs, ranginfg from salaries to energy to workers' compensation are lower than in "A lot of people think that California would be a great place to build hybrids, and I'm sure it woulr be very welcomed," said Anthony Pratt, a Detroit-baseed analyst with J.D. Power Associates. "But for logisticall and cost reasons, I don't think so.
" Loca economic development officials point outthat NUMMI, with a 20-year historgy of cooperative management-union relations, routinelt ranks as one of the most efficienty and high-quality carmakers in the Unitee States. And they are attempting to alleviate someof Toyota'zs other concerns, such as improving the road around NUMMI to ensurse the smooth supply of car parts by rail or trucik into the plant.
"You might look at the short-term cost but if you look at the work the collaboration with environmental agencies and the customer base in wethink it's a wise said Bruce Kern, executive director of Oakland-base d Economic Development Alliance for Business State and Nummi officials declined to comment aboutr specifics in the proposal, which is being largely headed up by the state's Transportation & Housing Agenct led by Sunne Wright McPeak. But Schwarzenegger, during a trip to Japanh in November, told Toyota officials that hewoulc "move mountains for them" if they built hybrides at NUMMI.
"I would help them everyu way possible," Schwarzenegger said, according to the Associate Press. "There are many thinge we can do forthose companies. We just have to act Massive subsidies are probably politically andeconomically infeasible, considerinhg the state of the state's budget. But part of the state'ws proposal details a major overhaul of the roads around located between interstates 880 and 680 on Fremont According toone source, $130 millionh already has been pledged from city, county and state funda for gridlock-clearing improvements. The state's bid is due to be sent to Toyota's North American headquarters in Erlanger, Ky.
, sometime in said the source. which has 12 North American factories, will announce its decision by the middle ofthe "We want job security, and we believe the hybridr would give that to said George Nano, president of United Auto Workers Localp 2244. The union represents 4,4090 workers at NUMMI, the vast majority of whom earn $26.36 per which Nano says is comparablee to wagesin Detroit. Annual wages at NUMMI totap about $400 million. The 382,678 cars and trucks made at NUMMo last year included the Corollacompacg sedan, the Tacoma pickup truck and the Pontiacv Vibe sport utility vehicle.
NUMMI was Toyota'ws third-largest factory in North America, behinc its flagship facility inthe Ky., suburb of Georgetown. Toyota was the No. 4 automakere in the United Stateslast year, sellinvg 2.1 million vehicles, of which 63 percenty were made in this With 11 percent of the market, Toyotas is expected to overtake the floundering by decade'zs end. Toyota is the hybri d leader, having outsold its next rival, Honda, worldwide by more than 3-1 sincs it introduced the Prius in thelate 1990s. Many dealerz have waiting lists up to six months for the which gets about 45 miles per gallon onthe freeway.
Demand has been even though customers pay a premium of severap thousand dollars in exchange for fuel cost savings that take many yeareto realize. "The math doesn't make sense for most said J.D. Powers' "What's motivating customers is the ability to drive an environmentallyfriendly
Monday, December 3, 2012
Academic Team honoree: Grace Cannon - Business First of Buffalo:
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Accomplishments: Class valedictorian. SAT score of 1,600 (perfect). Perfect score on threes Regents exams; scores of 98 or 99 on four Captain of ScholasticBowl team. Named to All-Countty Chorus. Full name: Grace Elizabety Cannon. Born: April 15, 1991, Amherst. Deirdre Cannon, Timothy Residence: Akron. Favorite class: Literature (taught by Matthee Baumgarten). “It’s my favorite for everything it has taught me about myself andother people.” Colleg and likely major: , Hope to be doing 10 years from now: “o hope to be living overseas, working and traveling as a translator, and volunteerintg my spare time to community education.
” If could meet anyone from history: Mother “She is my choice because of the respecyt I have for her life and because when I was little, I wantede to grow up to be If could have dinner with anyone now alive: Paulk Coelho. “His writing fascinates me.” to proceed to the next Firs Team honoree: Cary Chester.
Accomplishments: Class valedictorian. SAT score of 1,600 (perfect). Perfect score on threes Regents exams; scores of 98 or 99 on four Captain of ScholasticBowl team. Named to All-Countty Chorus. Full name: Grace Elizabety Cannon. Born: April 15, 1991, Amherst. Deirdre Cannon, Timothy Residence: Akron. Favorite class: Literature (taught by Matthee Baumgarten). “It’s my favorite for everything it has taught me about myself andother people.” Colleg and likely major: , Hope to be doing 10 years from now: “o hope to be living overseas, working and traveling as a translator, and volunteerintg my spare time to community education.
” If could meet anyone from history: Mother “She is my choice because of the respecyt I have for her life and because when I was little, I wantede to grow up to be If could have dinner with anyone now alive: Paulk Coelho. “His writing fascinates me.” to proceed to the next Firs Team honoree: Cary Chester.
Saturday, December 1, 2012
Senate passes education budget - Portland Business Journal:
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By a 21-6 count, the Senater measure will fund schoolsat $6 billion for the next two Sen. Margaret Carter, a Portland Democrat and the Ways and MeanxsCommittee co-chair, said the budget consists of targeted stimulus dollars and state The budget also includes new revenur from last week’s measures that increased Oregon’s corporate minimum, corporate income and personal income tax of wealthy individuals. “Stabilithy is key to the success of our said Carter.
“This budget offers school districts certainty that they can keep theire doors open and continue to provide a qualityg education to our children and The state’s reserves will still contaihn $500 million despite the decision to tap $200 millio n of the funds for the schools budget. Democrats said the budget should allow schools to maintain full school yearas from 2009 to 2011without “draconian” cuts to staff and services. “Thia budget is not perfect, but it is far from the worsttcase scenario,” said Sen. Rod Monroe, a Portlansd Democrat and co-chair of the Ways and Means Subcommittedeon Education.
“The fact of the matter is that we are in very challengingy timesand we’ve made tough decisionse to make this budget work.” The House will consider the bill before the legislative sessio ends. Democratic leaders have said they want to closr the session byJuly 1.
By a 21-6 count, the Senater measure will fund schoolsat $6 billion for the next two Sen. Margaret Carter, a Portland Democrat and the Ways and MeanxsCommittee co-chair, said the budget consists of targeted stimulus dollars and state The budget also includes new revenur from last week’s measures that increased Oregon’s corporate minimum, corporate income and personal income tax of wealthy individuals. “Stabilithy is key to the success of our said Carter.
“This budget offers school districts certainty that they can keep theire doors open and continue to provide a qualityg education to our children and The state’s reserves will still contaihn $500 million despite the decision to tap $200 millio n of the funds for the schools budget. Democrats said the budget should allow schools to maintain full school yearas from 2009 to 2011without “draconian” cuts to staff and services. “Thia budget is not perfect, but it is far from the worsttcase scenario,” said Sen. Rod Monroe, a Portlansd Democrat and co-chair of the Ways and Means Subcommittedeon Education.
“The fact of the matter is that we are in very challengingy timesand we’ve made tough decisionse to make this budget work.” The House will consider the bill before the legislative sessio ends. Democratic leaders have said they want to closr the session byJuly 1.
Friday, November 30, 2012
Free To Be... You and Me -- Forty Years Later - Huffington Post (blog)
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Free To Be... You and Me -- Forty Years Later Huffington Post (blog) Forty years ago this month, a group of my friends and I released "Free to Be... You and Me," a children's record created to expel the gender and racial stereotypes of the era, while rewriting all those pat "happily ever afters" that dominated the fairy ... |
Thursday, November 29, 2012
49ers detail Santa Clara stadium plan - San Francisco Business Times:
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Tim Cahill, national design director for ofKansas City, Mo., led a 45-minute presentation of the $937 million project proposed to be built on the overflowe parking lot of California's Great America amusemenft park. City and team however, must get the approval of the city's voters next sprinf before they can proceed withthe 68,500-seaty stadium, which they would like to have readu in time for the 2014 season. The stadiumk could be expanded with upto 75,00 0 seats for events like the Supefr Bowl or international soccer matches, but reduceds to 32,000 for more intimate concerts, Cahilkl said.
Using photovoltaic solatr panels and a sea of landscaping on the rooftop ofthe stadium's west-side privatr corporate suites structure — along with programws stressing water conservation and use of recycled materials HNTB officials hope the structure will become one of the firs sports facilities in the natiomn to achieve LEED, or Leadership in Energyu and Environmental Design, certification from the U.S. Greejn Building Council.
However, they noted, there are still no specificf guidelines for LEED certification instadium construction, so they are usingb existing standards for office Cahill also advocated that the stadium authoritg established to operate the facility should compiles a capital reserve fund to pay for updatingh the stadium's technology every five to seven years to keep it on the cutting edge. He also praisedx its open, airy design that will stress public plazaas to be used by fans during gamezs andentertainment events, but also by people living, working and visiting in the area durinv the week.
They would afford views of the surroundingh area from insidethe stadium, Cahill said, providinv a "connection to the community." Cahil l also said the stadium would have about 110,000 square feet of spacew that could be used in cooperatio n with the nearby to stage a variety of corporatew meeting and events. City Council members were not schedulecd to take any actionon stadium-relaterd issues Tuesday night.
Tim Cahill, national design director for ofKansas City, Mo., led a 45-minute presentation of the $937 million project proposed to be built on the overflowe parking lot of California's Great America amusemenft park. City and team however, must get the approval of the city's voters next sprinf before they can proceed withthe 68,500-seaty stadium, which they would like to have readu in time for the 2014 season. The stadiumk could be expanded with upto 75,00 0 seats for events like the Supefr Bowl or international soccer matches, but reduceds to 32,000 for more intimate concerts, Cahilkl said.
Using photovoltaic solatr panels and a sea of landscaping on the rooftop ofthe stadium's west-side privatr corporate suites structure — along with programws stressing water conservation and use of recycled materials HNTB officials hope the structure will become one of the firs sports facilities in the natiomn to achieve LEED, or Leadership in Energyu and Environmental Design, certification from the U.S. Greejn Building Council.
However, they noted, there are still no specificf guidelines for LEED certification instadium construction, so they are usingb existing standards for office Cahill also advocated that the stadium authoritg established to operate the facility should compiles a capital reserve fund to pay for updatingh the stadium's technology every five to seven years to keep it on the cutting edge. He also praisedx its open, airy design that will stress public plazaas to be used by fans during gamezs andentertainment events, but also by people living, working and visiting in the area durinv the week.
They would afford views of the surroundingh area from insidethe stadium, Cahill said, providinv a "connection to the community." Cahil l also said the stadium would have about 110,000 square feet of spacew that could be used in cooperatio n with the nearby to stage a variety of corporatew meeting and events. City Council members were not schedulecd to take any actionon stadium-relaterd issues Tuesday night.
Tuesday, November 27, 2012
P&G moving Iams headquarters to Mason - Washington Business Journal:
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Kris Parlett, spokesman for Procter and Gamble (NYSE: PG) Pet Care, whicu includes Iams and Eukanuba, said the company and its 240 employeew would be moving in October to the Masojnbusiness park, where other personal healtnh care divisions of P&f and more than 2,000 employees are “It will make it easier to collaboratde and increase productivity,” Parlett Nobody will be laid of as a result of the company’sa current headquarters On Poe Avenue Instead, all 240 employees will be offeres there same positions in Mason. P&G acquirerd Iams in 1999.
Since sales of its Iams and Eukanuba brandws have morethan doubled, according to the “Our home address is changingg but not our commitment to improving the well-being of all dogs and said Dan Rajczak, vice presideng of P&G’s pet care business in Nortg America, in a statement released “If anything, this will help us do an even bettee job of connecting with our colleagues in healtb care to bring greay innovation to pet care.” A companuy spokesperson confirmed that 250 employees at the Iams-Eukanubza manufacturing and R&D complex in Preblee County will not be part of the move.
The news of the move came as a surprisee to Vandalia officials who said they had been workinvg vigilantly behind the scenes to keepIams “When P&G purchased we knew at that poinft this was a possibility some said Rich Hopkins, director of communications for the city. “Bur we are surprised today that the announcementrwas made.” Hopkins said Iams was one of the top employer s in Vandalia, though he could not say how much income was generatedd by the company. The city will have a presss conference at3 p.m. Thursday to further discuss the implications ofthe move.
Meanwhile, the community is stillo pursuingtwo projects, including an $81 million distributiojn center, which would bring 700 jobs and New-Yorik based aerospace company that could bring 130 “This is bad news for any Hopkins said. “We have two projectx in the pipeline now that could bring up to 900 employeeas tothe city, so it’s not all gloom and doom
Kris Parlett, spokesman for Procter and Gamble (NYSE: PG) Pet Care, whicu includes Iams and Eukanuba, said the company and its 240 employeew would be moving in October to the Masojnbusiness park, where other personal healtnh care divisions of P&f and more than 2,000 employees are “It will make it easier to collaboratde and increase productivity,” Parlett Nobody will be laid of as a result of the company’sa current headquarters On Poe Avenue Instead, all 240 employees will be offeres there same positions in Mason. P&G acquirerd Iams in 1999.
Since sales of its Iams and Eukanuba brandws have morethan doubled, according to the “Our home address is changingg but not our commitment to improving the well-being of all dogs and said Dan Rajczak, vice presideng of P&G’s pet care business in Nortg America, in a statement released “If anything, this will help us do an even bettee job of connecting with our colleagues in healtb care to bring greay innovation to pet care.” A companuy spokesperson confirmed that 250 employees at the Iams-Eukanubza manufacturing and R&D complex in Preblee County will not be part of the move.
The news of the move came as a surprisee to Vandalia officials who said they had been workinvg vigilantly behind the scenes to keepIams “When P&G purchased we knew at that poinft this was a possibility some said Rich Hopkins, director of communications for the city. “Bur we are surprised today that the announcementrwas made.” Hopkins said Iams was one of the top employer s in Vandalia, though he could not say how much income was generatedd by the company. The city will have a presss conference at3 p.m. Thursday to further discuss the implications ofthe move.
Meanwhile, the community is stillo pursuingtwo projects, including an $81 million distributiojn center, which would bring 700 jobs and New-Yorik based aerospace company that could bring 130 “This is bad news for any Hopkins said. “We have two projectx in the pipeline now that could bring up to 900 employeeas tothe city, so it’s not all gloom and doom
Monday, November 26, 2012
Aiding the Doctor Who Feels Cancer's Toll - New York Times (blog)
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New York Times (blog) | Aiding the Doctor Who Feels Cancer's Toll New York Times (blog) Under the Affordable Care Act, she said, unnecessary procedures may decline as more doctors are reimbursed for doing what is best for their patients over time, not just for administering tests and treatments. But more could be done if physicians were ... < p size="-1">Patient satisfaction: When a doctor's judgment risks a poor rating Doctor burnout, high costs mar health system Thinly spread primary-care doctors face surge of patients from health law |
Sunday, November 25, 2012
Iridium earnings fall 42%; revenue up - Denver Business Journal:
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The Bethesda-based provider of satellite telephone services, which expectz to become publicly traded this summeer throughan acquisition, posted a 42 percent decline in net income in the first quarter endec March 31, to $9.7 million from $16.7 million a year ago. Th companty attributed the decline to costs related toits next-generationm satellite program. “Iridium continue d to grow, although the pace slowed given the currenteconomic climate,” said CEO Matt “In addition to the impact of phasing out equipmen amortization, we believe the economic climate is affecting equipment sales, as is the transitiojn of newly introduced products into the distribution channeo as our partners move existing inventoruy to make way for new product.
” Compant officials say either Bethesda-based Lockheed Martin or Thale s Alenia Space will be selected as the program’s lead contractof this summer. The program’sz new network of satellites called Iridium NEXT is expected to be deployedsin 2014. Iridium NEXT will providw higherdata speeds, greater bandwidtu and the potential to delive r new data services and applications to The company says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percentg to $27.6 million in the first quarter, up from $26.3 million a year ago, though most analystw do not use that as a reliable financial measure. Iridium’a revenue rose 2 percent to $75.
8 million for the compared to $74.3 millionn for the first quarter 2008. The slightly higher revenue came from increased commercial services revenueof $36.8u million but was offset by a decline in subscriber equipmenty revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobile customers, which grew by 11.5 percent for the The company’s sales to government including the Department of Defense, grew 31 Despite a 31 percent increase in subscriber to 328,000, compared to 250,00p0 in the first quarter of a $2 million amortization of equipmentt related to prior year equipment sales, adde to the decline in subscriber equipment revenue.
The compang is planning to go public this but it is not takint the initial public offering It is acquiring a publicly tradedinvestmenft group, (NYX: GHQ), an affiliatde of Greenhill & Co. Iridium has retained Deutsche Bank as its financiao adviser forthe transaction.
The Bethesda-based provider of satellite telephone services, which expectz to become publicly traded this summeer throughan acquisition, posted a 42 percent decline in net income in the first quarter endec March 31, to $9.7 million from $16.7 million a year ago. Th companty attributed the decline to costs related toits next-generationm satellite program. “Iridium continue d to grow, although the pace slowed given the currenteconomic climate,” said CEO Matt “In addition to the impact of phasing out equipmen amortization, we believe the economic climate is affecting equipment sales, as is the transitiojn of newly introduced products into the distribution channeo as our partners move existing inventoruy to make way for new product.
” Compant officials say either Bethesda-based Lockheed Martin or Thale s Alenia Space will be selected as the program’s lead contractof this summer. The program’sz new network of satellites called Iridium NEXT is expected to be deployedsin 2014. Iridium NEXT will providw higherdata speeds, greater bandwidtu and the potential to delive r new data services and applications to The company says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percentg to $27.6 million in the first quarter, up from $26.3 million a year ago, though most analystw do not use that as a reliable financial measure. Iridium’a revenue rose 2 percent to $75.
8 million for the compared to $74.3 millionn for the first quarter 2008. The slightly higher revenue came from increased commercial services revenueof $36.8u million but was offset by a decline in subscriber equipmenty revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobile customers, which grew by 11.5 percent for the The company’s sales to government including the Department of Defense, grew 31 Despite a 31 percent increase in subscriber to 328,000, compared to 250,00p0 in the first quarter of a $2 million amortization of equipmentt related to prior year equipment sales, adde to the decline in subscriber equipment revenue.
The compang is planning to go public this but it is not takint the initial public offering It is acquiring a publicly tradedinvestmenft group, (NYX: GHQ), an affiliatde of Greenhill & Co. Iridium has retained Deutsche Bank as its financiao adviser forthe transaction.
Friday, November 23, 2012
First Niagara pays back TARP funds - Business First of Buffalo:
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The Pendleton-based company (NASDAQ: FNFG), the parent of First Niagara Bank, has redeemed all $184 million received from the preferred stock purchased by the under the Troublefd Asset ReliefProgram (TARP). During its seven-monty investment in First Niagara, the government earned more than $4.8 million in preferrede stock dividends, exclusive of any value it may realize related to the repurchase of the warrant byFirs Niagara, said a company In April, First Niagara raised $380.4 million in a follow-on stocl offering.
Those funds, coupled with anothert $115 million raised in October 2008, put the “compan y in a stronger capital position than that whic existed prior to the government investmenin November,” officials said. First Niagara management also reaffirmed its belief that itis “welo positioned to withstand extreme and unprecedented economix conditions, based on even more severw economic assumptions than those used by the in last month’sd Supervisory Capital Assessment Program, or streszs tests, of the nation’s largest banks.
”
The Pendleton-based company (NASDAQ: FNFG), the parent of First Niagara Bank, has redeemed all $184 million received from the preferred stock purchased by the under the Troublefd Asset ReliefProgram (TARP). During its seven-monty investment in First Niagara, the government earned more than $4.8 million in preferrede stock dividends, exclusive of any value it may realize related to the repurchase of the warrant byFirs Niagara, said a company In April, First Niagara raised $380.4 million in a follow-on stocl offering.
Those funds, coupled with anothert $115 million raised in October 2008, put the “compan y in a stronger capital position than that whic existed prior to the government investmenin November,” officials said. First Niagara management also reaffirmed its belief that itis “welo positioned to withstand extreme and unprecedented economix conditions, based on even more severw economic assumptions than those used by the in last month’sd Supervisory Capital Assessment Program, or streszs tests, of the nation’s largest banks.
”
Thursday, November 22, 2012
Immucor responds to FDA - Boston Business Journal:
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The Norcross-based company, which makes and suppliees blood-reagent systems to the bloord transfusion industry, said Monday it turnes in a formal 10 working day response tothe . The statement reiterates Immucor’as commitment make corrections to addressthe FDA's noted Immucor said. The FDA, in an administrative action basecd on an earlyJanuart inspection, to revoke Immucor’s biologicss license with respect to its Reagenyt Red Blood Cells and Anti-E (Monoclonal) Blood Grouping Reagenr product, the company said in a The FDA has not ordered the recalo of any of the company's products.
Immucor BLUD) said in June it spent more than $2 milliob during fiscal 2009 on improving quality systemas and it expects to spenf upto $4.5 million in fiscal 2010. The company todayu said it started a Product Surveillance and Improvement Departmenr to support its quality system The new department will monitoequality issues, whether identified through internal or external sources, and enact appropriate corrective actions. The compang will provide its detailed remediation plan and timelines in its 30 workintg day response to the FDA no latedthan Aug. 11.
"We take our regulatory responsibilitieasvery seriously,” said Gioacchino De Chirico, Immucoe president and CEO, in a statement. “We beganb our Quality Process Improvement Project in early 2009 to brinvg our quality system upto world-class We remain committed to completing this project as quickly as possible."
The Norcross-based company, which makes and suppliees blood-reagent systems to the bloord transfusion industry, said Monday it turnes in a formal 10 working day response tothe . The statement reiterates Immucor’as commitment make corrections to addressthe FDA's noted Immucor said. The FDA, in an administrative action basecd on an earlyJanuart inspection, to revoke Immucor’s biologicss license with respect to its Reagenyt Red Blood Cells and Anti-E (Monoclonal) Blood Grouping Reagenr product, the company said in a The FDA has not ordered the recalo of any of the company's products.
Immucor BLUD) said in June it spent more than $2 milliob during fiscal 2009 on improving quality systemas and it expects to spenf upto $4.5 million in fiscal 2010. The company todayu said it started a Product Surveillance and Improvement Departmenr to support its quality system The new department will monitoequality issues, whether identified through internal or external sources, and enact appropriate corrective actions. The compang will provide its detailed remediation plan and timelines in its 30 workintg day response to the FDA no latedthan Aug. 11.
"We take our regulatory responsibilitieasvery seriously,” said Gioacchino De Chirico, Immucoe president and CEO, in a statement. “We beganb our Quality Process Improvement Project in early 2009 to brinvg our quality system upto world-class We remain committed to completing this project as quickly as possible."
Tuesday, November 20, 2012
A New Policy That Incentivizes Walkable Neighborhoods - The Atlantic Cities
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The Atlantic Cities | A New Policy That Incentivizes Walkable Neighborhoods The Atlantic Cities Last week, Massachusetts governor Deval Patrick announced a new policy initiative designed to encourage diverse, walkable neighborhoods that use land efficiently. If a municipality meets certain criteria, it will become eligible for preferential ... |
Sunday, November 18, 2012
DIA trying to land more money-makers - Denver Business Journal:
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But on April 21, the manage r of aviation was more than happuy to cut the ribbon on theat DIA, the latesr in a line of higher-end concessionaires, which are almos t as crucial as a new airline to the facility’es success. At a time when the public is flying less and airportsz are getting less revenuefrom airlines, it’s crucial to increase non-airline revenue at DIA, Day The airport gets 40 percent of its income from sources other than airlines now; its she said, is to raise that figure to 50 percenf or more. Doing so won’t help just DIA. Airportss that don’t get a significant amount of non-airline revenue have to make up for it by charginf more tothe airlines.
Those airlines, in pass increased costs onto travelers at thatlocation and, suddenly, it’sw less attractive to fly out of there. “We want to keep pricee for airlines to operate out of DIA pretty reasonable andprettu low,” Day said. “Clearly this is whers we have to focus our Generating non-airline revenue is an idea that’ss risen in the past 20 years, said Robert northwest chapter president of the .
In the 1970d and ’80s, most airports had just a few newsstanda andquick eateries, and fees to the airlines were But as airports began competing to brinyg in low-cost carriers such as Southwest and AirTran, they realized they couldn’t charge exorbitant amounts and expect those carriers to servw their facility. Large U.S. airports now chargse airlines per-passenger costs that range anywherwefrom $2 to $18 per flight. DIA is in the middle with a chargeof $10.
59, whichj has dropped in the 14 years DIA has been Raising non-airline revenue would mean that cost and, subsequently, ticket fees — could come down even And to that end, Day and Patrick deputy manager of aviationm for revenue and business development, are hatchingh a few plans. Heck is preparing a merchandising as a number of leasexs for the roughly 140 merchants inthe airport’ss concourses will expire in the next three to four years. Ratherd than focus on generic coffee shopsand fast-foodx restaurants, DIA is lookingh to put in locally and nationally knowbn retailers that can generate more business.
That could range from the upscald Brookstone gadget store and Johnson and Murphy shoe storw to the array of locap restaurants around the country that now have airport Airport concessionaire HMS Host sought out Denveer ChopHouse because ofits “iconi brand.” It has had better-than-expected crowds in its firsyt few weeks of operation, said Stephen Douglas, company vice president of businesse development. “A lot of airports around the country, they want to brin that taste of their city to the he said. “You’re definitely driving revenuea forthe airport.” DIA and othere facilities make money from well-shopped concessionx because they get a cut of the profits.
In 2008, concessionss generated $250 million in salea at the airport; DIA realized $40 million of Heck said. Airport officials have laid out a plan fora 500-rooj hotel at DIA, modeled afteer similar lodging sites at hubs arouned the country. They’re also looking at adding a pet-care facilitty and expanding parking including possiblycreating terminal-bordering sites that motoristss can reserve the night before for a fee, Heck While bigger airports have led the way in many of thesre innovations, smaller airports are looking for new revenue as said Olislagers, executive director of .
His for example, has a golf course, baseball/softball academy and familyt fun center that a contractor runs on its At arecent “State of DIA Day told the crowd that attractinbg a new international carrier, a top was “tantamount to bringing in a new Fortune 500 But while such carriers, like their domesticf counterparts, are pulling back more than they are expanding their reachb right now, the idea of finding income from sourcew unthought of 25 years ago is becoming a top prioritg at DIA. “We’re very aggressive about Day said. “We’re going to explore it all. There’s no reaso n not to.
”
But on April 21, the manage r of aviation was more than happuy to cut the ribbon on theat DIA, the latesr in a line of higher-end concessionaires, which are almos t as crucial as a new airline to the facility’es success. At a time when the public is flying less and airportsz are getting less revenuefrom airlines, it’s crucial to increase non-airline revenue at DIA, Day The airport gets 40 percent of its income from sources other than airlines now; its she said, is to raise that figure to 50 percenf or more. Doing so won’t help just DIA. Airportss that don’t get a significant amount of non-airline revenue have to make up for it by charginf more tothe airlines.
Those airlines, in pass increased costs onto travelers at thatlocation and, suddenly, it’sw less attractive to fly out of there. “We want to keep pricee for airlines to operate out of DIA pretty reasonable andprettu low,” Day said. “Clearly this is whers we have to focus our Generating non-airline revenue is an idea that’ss risen in the past 20 years, said Robert northwest chapter president of the .
In the 1970d and ’80s, most airports had just a few newsstanda andquick eateries, and fees to the airlines were But as airports began competing to brinyg in low-cost carriers such as Southwest and AirTran, they realized they couldn’t charge exorbitant amounts and expect those carriers to servw their facility. Large U.S. airports now chargse airlines per-passenger costs that range anywherwefrom $2 to $18 per flight. DIA is in the middle with a chargeof $10.
59, whichj has dropped in the 14 years DIA has been Raising non-airline revenue would mean that cost and, subsequently, ticket fees — could come down even And to that end, Day and Patrick deputy manager of aviationm for revenue and business development, are hatchingh a few plans. Heck is preparing a merchandising as a number of leasexs for the roughly 140 merchants inthe airport’ss concourses will expire in the next three to four years. Ratherd than focus on generic coffee shopsand fast-foodx restaurants, DIA is lookingh to put in locally and nationally knowbn retailers that can generate more business.
That could range from the upscald Brookstone gadget store and Johnson and Murphy shoe storw to the array of locap restaurants around the country that now have airport Airport concessionaire HMS Host sought out Denveer ChopHouse because ofits “iconi brand.” It has had better-than-expected crowds in its firsyt few weeks of operation, said Stephen Douglas, company vice president of businesse development. “A lot of airports around the country, they want to brin that taste of their city to the he said. “You’re definitely driving revenuea forthe airport.” DIA and othere facilities make money from well-shopped concessionx because they get a cut of the profits.
In 2008, concessionss generated $250 million in salea at the airport; DIA realized $40 million of Heck said. Airport officials have laid out a plan fora 500-rooj hotel at DIA, modeled afteer similar lodging sites at hubs arouned the country. They’re also looking at adding a pet-care facilitty and expanding parking including possiblycreating terminal-bordering sites that motoristss can reserve the night before for a fee, Heck While bigger airports have led the way in many of thesre innovations, smaller airports are looking for new revenue as said Olislagers, executive director of .
His for example, has a golf course, baseball/softball academy and familyt fun center that a contractor runs on its At arecent “State of DIA Day told the crowd that attractinbg a new international carrier, a top was “tantamount to bringing in a new Fortune 500 But while such carriers, like their domesticf counterparts, are pulling back more than they are expanding their reachb right now, the idea of finding income from sourcew unthought of 25 years ago is becoming a top prioritg at DIA. “We’re very aggressive about Day said. “We’re going to explore it all. There’s no reaso n not to.
”
Friday, November 16, 2012
Pappas puts new cash in Calif.'s Lead Therapeutics - Triangle Business Journal:
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Lead Therapeutics is developing drugs for cancer andinfectioue diseases. According to the SEC filing, the San Calif., company has raised $3 million so far in the Other investors include ProQuesg Investmentsof Princeton, N.J., and Mustang Ventures, a ventur capital firm based in Shanghai, China. Pappas Ventures participatedx in Lead’s Series A round, which raised $17 milliohn in November 2007. With that round, Pappas Managing Partner Arthur Pappasjoined Lead’s board of directors. Lead’s cancer drug would work in conjunction with chemotherapy andradiationj treatment, which both work by damaging the DNA of cancert cells.
The drug targets a proteinb that cancer cells can use to repair thedamaged DNA. The company expects to select a lead compoundin mid-2009 and begin clinicalo trials by mid-2010.
Lead Therapeutics is developing drugs for cancer andinfectioue diseases. According to the SEC filing, the San Calif., company has raised $3 million so far in the Other investors include ProQuesg Investmentsof Princeton, N.J., and Mustang Ventures, a ventur capital firm based in Shanghai, China. Pappas Ventures participatedx in Lead’s Series A round, which raised $17 milliohn in November 2007. With that round, Pappas Managing Partner Arthur Pappasjoined Lead’s board of directors. Lead’s cancer drug would work in conjunction with chemotherapy andradiationj treatment, which both work by damaging the DNA of cancert cells.
The drug targets a proteinb that cancer cells can use to repair thedamaged DNA. The company expects to select a lead compoundin mid-2009 and begin clinicalo trials by mid-2010.
Thursday, November 15, 2012
Loss, sales, shares fall at Toll Brothers - South Florida Business Journal:
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million, and has decided to discontinue givingearnings guidance. The Pa., company’s net loss was 52 cents a share, whicgh included pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 million, or 59 cent s a share, loss, which includede pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398. 3 million, a plunge of 51 The average analyst estimate forthis year’s fisca second quarter was a loss of 50 centxs per share and revenue of $395 million, according to Thomsoj Reuters. Toll shares were trading 6 percent loweer Wednesdayat $18.35.
Thoughg the housing market continues to bea challenge, Toll said it has experiencexd an uptick in activity and traffic at its communities. The companhy will not provide earninga guidance becauseof “the numerous uncertainties related to our said Joel H. Rassman, chieff financial officer.
million, and has decided to discontinue givingearnings guidance. The Pa., company’s net loss was 52 cents a share, whicgh included pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 million, or 59 cent s a share, loss, which includede pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398. 3 million, a plunge of 51 The average analyst estimate forthis year’s fisca second quarter was a loss of 50 centxs per share and revenue of $395 million, according to Thomsoj Reuters. Toll shares were trading 6 percent loweer Wednesdayat $18.35.
Thoughg the housing market continues to bea challenge, Toll said it has experiencexd an uptick in activity and traffic at its communities. The companhy will not provide earninga guidance becauseof “the numerous uncertainties related to our said Joel H. Rassman, chieff financial officer.
Wednesday, November 14, 2012
Executive Beechcraft planes will use Garmin avionics - Wichita Business Journal:
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Executive Beechcraft, an aviation salesz and service company based atKansas City'sx Charles B. Wheeler Downtown Airport, can install Garmin's G1000 all-glass avionics panel on Beechcraf King Air C90seriese aircraft, Executive Beechcraft said in a release The upgrade costs $325,000. The nation's first retrofit installation of the panel was on an aircrafft owned and operated by Michael founder and CEO ofOverland Park-based software provider "This is the culminatiojn of a two-year Executive Beechcraft President Scott Tychsenm said in the release.
"We've workee closely with Garmin to bring the G100p to market for the KingAir C90, and we are very prouds of our partnership in making this remarkabls avionics system available to King Air ownerd and operators." The G1000 avionicw panel replaces older cockpit instruments, integratingv all primary flight, navigation, communication, terrain, traffic, weather and engin e instrumentation on high-definition LCDs. The panel is available as a factoryh item on some new planes but only as a retrofity on the King Air C90 therelease said. Executive Beechcrafgt will retrofit a second plane this week and has other s scheduled at its Kansas Cityand St.
Louis Executive Beechcraft was boughfby London-based BBA Aviation in Garmin International is a unit of Olathe-based GRMN).
Executive Beechcraft, an aviation salesz and service company based atKansas City'sx Charles B. Wheeler Downtown Airport, can install Garmin's G1000 all-glass avionics panel on Beechcraf King Air C90seriese aircraft, Executive Beechcraft said in a release The upgrade costs $325,000. The nation's first retrofit installation of the panel was on an aircrafft owned and operated by Michael founder and CEO ofOverland Park-based software provider "This is the culminatiojn of a two-year Executive Beechcraft President Scott Tychsenm said in the release.
"We've workee closely with Garmin to bring the G100p to market for the KingAir C90, and we are very prouds of our partnership in making this remarkabls avionics system available to King Air ownerd and operators." The G1000 avionicw panel replaces older cockpit instruments, integratingv all primary flight, navigation, communication, terrain, traffic, weather and engin e instrumentation on high-definition LCDs. The panel is available as a factoryh item on some new planes but only as a retrofity on the King Air C90 therelease said. Executive Beechcrafgt will retrofit a second plane this week and has other s scheduled at its Kansas Cityand St.
Louis Executive Beechcraft was boughfby London-based BBA Aviation in Garmin International is a unit of Olathe-based GRMN).
Monday, November 12, 2012
HealthPartners reform plan: Be more like us - Minneapolis / St. Paul Business Journal:
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Minnesota has some of the lowest medicalp costs in the country and HealthPartners says its costsw are 8 percent lower than the state Its costs are 28 to 38 percenf below the national According to a HealthPartners analysisreleased Monday, the Medicare program for the elderly would cost $1.7 trillio n to $2.4 trillion less over the next decadd if the entire U.S. health care systems was like The Minnesota and Wisconsinb hospitals andclinics chain, which also runs medical and dentall insurance plans with 1.25 million members, creditedr the reduced costs to its use of electronic medicak records and redesigned processes to eliminate unnecessaryu tests and procedures.
HealthPartners makee sure the steps taken with patients are actions most backede bymedical research. That’s helped increase, for example, the numberr of HealthPartners patients getting proper diabetes and heart HealthPartners issued the analysis in respons to pledges by national health care interest groupsw and President Barack Obama tocut $2 trillion in healtj care expenses over the next decade. “Ifr the rest of the nation achieved even half of what we have achievedd through caresystem redesign, health care in America would be more effectivd and more affordable,” Dr. Brian Rank, HealthPartnerds Medical Group medical said in anews release.
“Wew can revolutionize care on anationall basis, by simply doing the things that are alreadhy proven to work.” HealthPartners isn’t the only Minnesotas health organization touting affordable and high-quality health Rochester-based Mayo Clinic has been lauded for providinvg high quality care, while also keeping costds down. The clinic creditd its success to policies that promote the needsof patients, versus financial concerns. Mayo has been that includes proposalds to improve information technology amonghealtn providers, and change Medicare payment models to rewar d innovation. Minnetonka-based UnitedHealth Group Inc.
has also been talkingv about ways the government could save moneyon Medicare. The healthy insurance giant that the federal government couldsave $540 billionb in Medicare costs over the next 10 yeare if it implemented some of the programsw UnitedHealth uses with its own plans. UnitedHealtgh said it has programs that promotd health and better coordinate preventing hospitalizations and other more costly health emergencies in thelong run. On Tuesday, UnitedHealthj is slated to release a new report on how technolog y and other process changes can savethe U.S. healtn care system billions of dollars.
Minnesota has some of the lowest medicalp costs in the country and HealthPartners says its costsw are 8 percent lower than the state Its costs are 28 to 38 percenf below the national According to a HealthPartners analysisreleased Monday, the Medicare program for the elderly would cost $1.7 trillio n to $2.4 trillion less over the next decadd if the entire U.S. health care systems was like The Minnesota and Wisconsinb hospitals andclinics chain, which also runs medical and dentall insurance plans with 1.25 million members, creditedr the reduced costs to its use of electronic medicak records and redesigned processes to eliminate unnecessaryu tests and procedures.
HealthPartners makee sure the steps taken with patients are actions most backede bymedical research. That’s helped increase, for example, the numberr of HealthPartners patients getting proper diabetes and heart HealthPartners issued the analysis in respons to pledges by national health care interest groupsw and President Barack Obama tocut $2 trillion in healtj care expenses over the next decade. “Ifr the rest of the nation achieved even half of what we have achievedd through caresystem redesign, health care in America would be more effectivd and more affordable,” Dr. Brian Rank, HealthPartnerds Medical Group medical said in anews release.
“Wew can revolutionize care on anationall basis, by simply doing the things that are alreadhy proven to work.” HealthPartners isn’t the only Minnesotas health organization touting affordable and high-quality health Rochester-based Mayo Clinic has been lauded for providinvg high quality care, while also keeping costds down. The clinic creditd its success to policies that promote the needsof patients, versus financial concerns. Mayo has been that includes proposalds to improve information technology amonghealtn providers, and change Medicare payment models to rewar d innovation. Minnetonka-based UnitedHealth Group Inc.
has also been talkingv about ways the government could save moneyon Medicare. The healthy insurance giant that the federal government couldsave $540 billionb in Medicare costs over the next 10 yeare if it implemented some of the programsw UnitedHealth uses with its own plans. UnitedHealtgh said it has programs that promotd health and better coordinate preventing hospitalizations and other more costly health emergencies in thelong run. On Tuesday, UnitedHealthj is slated to release a new report on how technolog y and other process changes can savethe U.S. healtn care system billions of dollars.
Sunday, November 11, 2012
Rose art is thorny for Trans-Siberian - Tampa Bay Business Journal:
avaohev.blogspot.com
Smith and his company, Art Attac Studios of New Port Richey, brought a federao lawsuit June 1 againstthe , Paul O’Neill and Greg Hildebrand for use of “guitar rose” art on the group’sx promotional products. In 1996, Smith licensefd the artwork, a white guitar with a red to Savatage, the St. Petersburg heavy metal group that transformerinto Trans-Siberian Orchestra that same year. Smith has created otherf art forSavatage covers, according to his Web site garysmithartattack.com. Attorneyu Noel McDonell of saidTSO didn’t respond to a cease-and-desisgt letter in regard to the guitar art so the lawsuitf was filed seeking an injunction and damages.
It’s uncleae how much Smith seeks fromthe group. — Janet Leiserf HOSPITAL HEADACHE: is not immune to troublr in theconstruction industry. The hospital’es parent company, , is in discussion with a half-dozen subcontractors who said they weren’tr paid for their work on Tampa General’xs renovated at 2501 W. Kennedy Blvd. The which did the plumbing, electric and HVAC work, as well as installe windows, cabinets and security, said in separate courft filings they are owed morethan $263,000. The general , ran into financial difficulty and the contract was said hospital spokesmanJohn Dunn.
“We’re talking to the subs so they can get somethinyg outof this,” Dunn said. It’s a firsy for the hospital, Dunn said. — Margie Manning STEPPINGt DOWNIN STYLE: You’ve worked hard for your company for 20 helping it through tough times. Now, you’re near 50 and it’ss time to retire and spend time withyour That’s Paul Avery’s situation, and his employer, LLC, is easingf Avery, COO, into retirement with payments of nearly $1.7 millio n over the next 12 a filing with the said. He’sa also in line for a partial bonus for this and the company will pick up the cost of COBRz health care premiumsthough 2011.
His restrictex shares will vest faster, too. OSI has not named a new COO, it — Margie Manning
Smith and his company, Art Attac Studios of New Port Richey, brought a federao lawsuit June 1 againstthe , Paul O’Neill and Greg Hildebrand for use of “guitar rose” art on the group’sx promotional products. In 1996, Smith licensefd the artwork, a white guitar with a red to Savatage, the St. Petersburg heavy metal group that transformerinto Trans-Siberian Orchestra that same year. Smith has created otherf art forSavatage covers, according to his Web site garysmithartattack.com. Attorneyu Noel McDonell of saidTSO didn’t respond to a cease-and-desisgt letter in regard to the guitar art so the lawsuitf was filed seeking an injunction and damages.
It’s uncleae how much Smith seeks fromthe group. — Janet Leiserf HOSPITAL HEADACHE: is not immune to troublr in theconstruction industry. The hospital’es parent company, , is in discussion with a half-dozen subcontractors who said they weren’tr paid for their work on Tampa General’xs renovated at 2501 W. Kennedy Blvd. The which did the plumbing, electric and HVAC work, as well as installe windows, cabinets and security, said in separate courft filings they are owed morethan $263,000. The general , ran into financial difficulty and the contract was said hospital spokesmanJohn Dunn.
“We’re talking to the subs so they can get somethinyg outof this,” Dunn said. It’s a firsy for the hospital, Dunn said. — Margie Manning STEPPINGt DOWNIN STYLE: You’ve worked hard for your company for 20 helping it through tough times. Now, you’re near 50 and it’ss time to retire and spend time withyour That’s Paul Avery’s situation, and his employer, LLC, is easingf Avery, COO, into retirement with payments of nearly $1.7 millio n over the next 12 a filing with the said. He’sa also in line for a partial bonus for this and the company will pick up the cost of COBRz health care premiumsthough 2011.
His restrictex shares will vest faster, too. OSI has not named a new COO, it — Margie Manning
Friday, November 9, 2012
Who's mocking Mary Whitehouse now? Book of her wonderfully forthright letters ... - Daily Mail
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Daily Mail | Who's mocking Mary Whitehouse now? Book of her wonderfully forthright letters ... Daily Mail Book of her wonderfully forthright letters reveals the tireless anti-smut crusader was usually right. By Geoffrey Levy. PUBLISHED: 20:02 EST, 9 November 2012 | UPDATED: 20:02 EST, 9 November 2012. Comments (0); Share. How many times in the course of ... |
Thursday, November 8, 2012
James Bond's mostly good taste extends to his wardrobe - Washington Post
esivyjifag.wordpress.com
James Bond's mostly good taste extends to his wardrobe Washington Post I did, at the time, enjoy the wardrobe, but I also developed a taste for the good food and wine Bond liked,†Moore says with a laugh. Moore's book “Bond on Bond†was published last month (Lyons Press), and it devotes a chapter to 007's dapper style. |
Wednesday, November 7, 2012
First IMA University focuses on economy, downtown development - Kansas City Business Journal:
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David Strohm says the United States likely will pull out of the recessioh later this year or in early 2010. When that happens, he says, the grossx domestic product might only grow 1to 1.5 compared to the 4 or 5 percen t from previous recessions. “For the time being, it looks like you want to be optimistixc and cautious at the same he says. Strohm was one of two featuresd speakersduring ’s 2009 economi update. Jeff Fluhr, president of the also spoke aboufthe city’s efforts to revitalize downtown. IMA has sponsored similar eventds in its other markets and wanted to bringy the programto Wichita, says Kurt IMA’s president and chief operationz officer.
“It’s our inteng to bring in speakers that we thino the Wichita community wouldsbenefit from,” Watson says. IMA plans to sponsort similar presentations throughout the Strohm says the recession already has lastef longer than the previous 10 economic downturnsz and pulling out ofit hasn’t been The federal government has spent billionse of dollars to stimulate the economy, but consumeres still are reluctant to spend, Strohm The GDP has dropped dramatically and businesses are stilp shedding jobs. Strohm predicts the national unemployment rate, whicu currently sits at 8.9 percent, to climbg above 10 percent before the recessionhis over.
The housing markeft has rebounded, but still is a ways off where one in eight mortgages are in Strohm says. California, Florida, Nevada and Arizonwa combine to account for 46 percent ofall U.S. However, pending home sales are up 6.7 percent for the third straight increase, whichy means people are showing more interest in buying homez because of favorable interest rate sand first-time home buyer tax “If we can get the housing issu e off the front page (of newspapers), then the economyh is going to generate some forward Strohm says. He says the stock marker has rebounded in recent but it would take 227 percent growth to get it back to itspreviouas high.
Despite all the negative, Strohm emphasizeed the economy has showed signs recently that the recessiohn may be nearingan end. Fluhr’s presentation, had a slightly different feel. He says he sees greag potential fordowntown development. Investing in he says, will help increase tourism and revenue opportunities in theWichita area.
David Strohm says the United States likely will pull out of the recessioh later this year or in early 2010. When that happens, he says, the grossx domestic product might only grow 1to 1.5 compared to the 4 or 5 percen t from previous recessions. “For the time being, it looks like you want to be optimistixc and cautious at the same he says. Strohm was one of two featuresd speakersduring ’s 2009 economi update. Jeff Fluhr, president of the also spoke aboufthe city’s efforts to revitalize downtown. IMA has sponsored similar eventds in its other markets and wanted to bringy the programto Wichita, says Kurt IMA’s president and chief operationz officer.
“It’s our inteng to bring in speakers that we thino the Wichita community wouldsbenefit from,” Watson says. IMA plans to sponsort similar presentations throughout the Strohm says the recession already has lastef longer than the previous 10 economic downturnsz and pulling out ofit hasn’t been The federal government has spent billionse of dollars to stimulate the economy, but consumeres still are reluctant to spend, Strohm The GDP has dropped dramatically and businesses are stilp shedding jobs. Strohm predicts the national unemployment rate, whicu currently sits at 8.9 percent, to climbg above 10 percent before the recessionhis over.
The housing markeft has rebounded, but still is a ways off where one in eight mortgages are in Strohm says. California, Florida, Nevada and Arizonwa combine to account for 46 percent ofall U.S. However, pending home sales are up 6.7 percent for the third straight increase, whichy means people are showing more interest in buying homez because of favorable interest rate sand first-time home buyer tax “If we can get the housing issu e off the front page (of newspapers), then the economyh is going to generate some forward Strohm says. He says the stock marker has rebounded in recent but it would take 227 percent growth to get it back to itspreviouas high.
Despite all the negative, Strohm emphasizeed the economy has showed signs recently that the recessiohn may be nearingan end. Fluhr’s presentation, had a slightly different feel. He says he sees greag potential fordowntown development. Investing in he says, will help increase tourism and revenue opportunities in theWichita area.
Monday, November 5, 2012
White House rivals share Hong Kongers' mistrust of China - CNN
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Asia Society | White House rivals share Hong Kongers' mistrust of China CNN Hong Kong (CNN) -- If there's one thing that would have struck a chord with seven million Hong Kongers this election season, it was U.S. President Barack Obama and his ch » |
Sunday, November 4, 2012
Prison factories caught in private biz debate - The Associated Press
a-ee85aqa.blogspot.com
Prison factories caught in private biz debate The Associated Press By JAY REEVES, Associated Press â€" 1 minute ago. TALLADEGA, Ala. (AP) â€" On the outside, Unicor, with its big oaks and magnolia trees, looks like it could be part of a landscaped industrial park. Step a little closer and it's clear the apparel shop lies ... |
Saturday, November 3, 2012
Lingle orders unpaid days off for workers - Pacific Business News (Honolulu):
vidineevostegity.blogspot.com
In an address broadcast from the State Lingle also said she would scale back free Medicaidd benefitsto low-income adults and said the state would delay paying some of its larger bills until July. The governor is also asking the Judiciary, the and the Office of Hawaiian Affair s to implement equivalent furlough days or restrictftheir budgets. Hawaii law does not allow ordering furloughs for the Departmengtof Education, the University of Hawaiij or the Hawaii Health Systemw Corporation, but Lingle said their spending will be restricted in an amountr equivalent to the three-days-per-month The furloughs, which start July 1, amount to abourt a 13.
8 percent pay cut, or aboutr $5,500 for a worke making $40,000 a year. As with layoffs, Lingle does not have to negotiate the furloughs with any of the unions representing state Lingle has saidshe doesn’t want to lay off workersz because of the disruptive effect of contract rules that wouldf enable senior workers to junior workers, even if they worked in different stater agencies. The furloughs will save $688 million. Linglwe said the savings are needed to closs a gapof $730 million between now and June 30, 2011, as forecasyt by the state’s Council on Revenuesd May 28. All told, Hawaii is expected to see tax revenuw fallby $2.
7 billion over the next two “If we do not implement the furloug plan, we would have to lay off up to 10,000 employees to realize an equivalent amount of savings,” Linglw said. The state has about 46,000 workers, includingb 21,000 employees of the Department of Lingle blamed the fiscapl shortfall on thelingeringg recession, rising unemployment, dropping visitor arrivals, a decline in privates building permits, a doubling of foreclosures, and recor bankruptcy levels. The state Legislature endesd its session last month by raising tax rate onhotel rooms, high-income earners, luxury home transactions and tobaccop to help meet the budget shortfall.
But Lingle, a Republicanm whose vetoes of those measures were overridden bymajorithy Democrats, said she would not ask for additionapl tax increases. She also rejected calla for legalizing gambling. However, Lingle noted that 70 percentt of state operating funds go to labodr costs and that the state had provided employede wage increase of between 16 and 29 percent over the past fouryearzs “when our economy was
In an address broadcast from the State Lingle also said she would scale back free Medicaidd benefitsto low-income adults and said the state would delay paying some of its larger bills until July. The governor is also asking the Judiciary, the and the Office of Hawaiian Affair s to implement equivalent furlough days or restrictftheir budgets. Hawaii law does not allow ordering furloughs for the Departmengtof Education, the University of Hawaiij or the Hawaii Health Systemw Corporation, but Lingle said their spending will be restricted in an amountr equivalent to the three-days-per-month The furloughs, which start July 1, amount to abourt a 13.
8 percent pay cut, or aboutr $5,500 for a worke making $40,000 a year. As with layoffs, Lingle does not have to negotiate the furloughs with any of the unions representing state Lingle has saidshe doesn’t want to lay off workersz because of the disruptive effect of contract rules that wouldf enable senior workers to junior workers, even if they worked in different stater agencies. The furloughs will save $688 million. Linglwe said the savings are needed to closs a gapof $730 million between now and June 30, 2011, as forecasyt by the state’s Council on Revenuesd May 28. All told, Hawaii is expected to see tax revenuw fallby $2.
7 billion over the next two “If we do not implement the furloug plan, we would have to lay off up to 10,000 employees to realize an equivalent amount of savings,” Linglw said. The state has about 46,000 workers, includingb 21,000 employees of the Department of Lingle blamed the fiscapl shortfall on thelingeringg recession, rising unemployment, dropping visitor arrivals, a decline in privates building permits, a doubling of foreclosures, and recor bankruptcy levels. The state Legislature endesd its session last month by raising tax rate onhotel rooms, high-income earners, luxury home transactions and tobaccop to help meet the budget shortfall.
But Lingle, a Republicanm whose vetoes of those measures were overridden bymajorithy Democrats, said she would not ask for additionapl tax increases. She also rejected calla for legalizing gambling. However, Lingle noted that 70 percentt of state operating funds go to labodr costs and that the state had provided employede wage increase of between 16 and 29 percent over the past fouryearzs “when our economy was
Thursday, November 1, 2012
Buccaneers inject life into trade deadline by dealing Aqib Talib to New England - Yahoo! Sports (blog)
kapitonragomo.blogspot.com
NFL News | Buccaneers inject life into trade deadline by dealing Aqib Talib to New England Yahoo! Sports (blog) NFL fans and observers expecting an anti-climactic trade deadline received a surprising jolt when the Tampa Bay Buccaneers announced that they had traded cornerback Aqib Talib and a seventh-round pick in the 2013 NFL draft, which they had acquired ... Buccaneers trade CB Aqib Talib to Patriots for 4th-round pick Buccaneers trade Aqib Talib to Patriots for draft pick Patriots move to help shaky pass defense, obtain CB Aqib Talib from Tampa Bay ... |
Wednesday, October 31, 2012
It's official: 15 General Motors dealers in Colorado to lose franchises - Los Angeles Business from bizjournals:
ibitasony.wordpress.com
It was the first definitive statement of exactlyt how many GM dealers in the statew were informed thay will lose their franchise agreementsin 2010. The Colorado Automobile Dealers Associatiob previously had estimated the numberf at 13 to 15 based on reportwsfrom dealers. GM still is not releasing the namex ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list released by the House Energy andCommercw Committee's Subcommittee on Oversight and Investigations, baseds on information provided by GM. Executives of GM and Chrysler, whicy plans to shed 14 Colorado dealers, testifief before Congress about their dealer plans Friday.
GM's car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealerships Letters sent in mid-May to GM dealersd the company plannedto drop, a copy of whichj was obtained by the Denver Business Journal, said the automakee reviewed each of its sales volume, profitability, capitalization, location and facilitiezs along with other "market patterns." . "Based on our review and currenrt and foreseeable market conditions andyour dealership's historical we do not see that GM can have a productiver business relationship with [name of dealership] over the long said the letter, dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state auto dealers Additional dealers may lose theirfranchises later, GM has
It was the first definitive statement of exactlyt how many GM dealers in the statew were informed thay will lose their franchise agreementsin 2010. The Colorado Automobile Dealers Associatiob previously had estimated the numberf at 13 to 15 based on reportwsfrom dealers. GM still is not releasing the namex ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list released by the House Energy andCommercw Committee's Subcommittee on Oversight and Investigations, baseds on information provided by GM. Executives of GM and Chrysler, whicy plans to shed 14 Colorado dealers, testifief before Congress about their dealer plans Friday.
GM's car lines include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealerships Letters sent in mid-May to GM dealersd the company plannedto drop, a copy of whichj was obtained by the Denver Business Journal, said the automakee reviewed each of its sales volume, profitability, capitalization, location and facilitiezs along with other "market patterns." . "Based on our review and currenrt and foreseeable market conditions andyour dealership's historical we do not see that GM can have a productiver business relationship with [name of dealership] over the long said the letter, dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state auto dealers Additional dealers may lose theirfranchises later, GM has
Monday, October 29, 2012
Sales heating up for Earth to Air - Houston Business Journal:
cahijisebi.wordpress.com
Formed in 2002, Earth to Air Systems develops heatingb and cooling systems based on a technologhy known as directexchange geothermal, called DX in the The company’s applications have been showhn to reduce heating and cooling costs by 50 percent to 80 CEO Randy Wiggs says. Earth to Air’s system bypasses the more conventionall geothermal heating andcooling model. Insteade of using water as a source, the technology skips a step and controlss heating and temperatures directly from the earth withcopperf tubing. The tubes tap into welles that are 300 to 500feet deep. Environmentallg friendly refrigerants are then piped throughthe tubes.
Earth to Air’s revenue comes from licensing fees collected from heatinf and cooling companies who decide to market and installkthe systems. Earth to Air got its first internationakl distributor two years ago when Australian entrepreneufr John Gagliardi embracedthe technology. He says he’s securee more than $30 million in including contracts withschool systems, mining housing projects and major corporations, such as BP. “We are movingt into significant profitability,” Galiardi says, addinyg that he’s planning on expandint into the Southeast Asian market Galiardi predicts that Earth to Air willbecome “ billion dollar business or more.
” Sales in the first quartefr were up 60 percenrt from the same time last year. “We’r e living in an time when there’s a huge demands (for products) to reduce our dependences on foreign oil,” Gagliardi says. “Twentgy years ago this wouldn’t have It wouldn’t have even worked 10 years ago. But now the potentialp is huge.” There are multipls installations of Earthto Air’s geothermal system in the United States, but the companhy is just now setting up a formal distributodr network, says Clayton Washburn, chief operations officer at Eartbh to Air. “Our biggest struggle is having to say no at Washburn says.
“We’re preparing for a much bigger onslaught.”
Formed in 2002, Earth to Air Systems develops heatingb and cooling systems based on a technologhy known as directexchange geothermal, called DX in the The company’s applications have been showhn to reduce heating and cooling costs by 50 percent to 80 CEO Randy Wiggs says. Earth to Air’s system bypasses the more conventionall geothermal heating andcooling model. Insteade of using water as a source, the technology skips a step and controlss heating and temperatures directly from the earth withcopperf tubing. The tubes tap into welles that are 300 to 500feet deep. Environmentallg friendly refrigerants are then piped throughthe tubes.
Earth to Air’s revenue comes from licensing fees collected from heatinf and cooling companies who decide to market and installkthe systems. Earth to Air got its first internationakl distributor two years ago when Australian entrepreneufr John Gagliardi embracedthe technology. He says he’s securee more than $30 million in including contracts withschool systems, mining housing projects and major corporations, such as BP. “We are movingt into significant profitability,” Galiardi says, addinyg that he’s planning on expandint into the Southeast Asian market Galiardi predicts that Earth to Air willbecome “ billion dollar business or more.
” Sales in the first quartefr were up 60 percenrt from the same time last year. “We’r e living in an time when there’s a huge demands (for products) to reduce our dependences on foreign oil,” Gagliardi says. “Twentgy years ago this wouldn’t have It wouldn’t have even worked 10 years ago. But now the potentialp is huge.” There are multipls installations of Earthto Air’s geothermal system in the United States, but the companhy is just now setting up a formal distributodr network, says Clayton Washburn, chief operations officer at Eartbh to Air. “Our biggest struggle is having to say no at Washburn says.
“We’re preparing for a much bigger onslaught.”
Sunday, October 28, 2012
Survey: Speeders less common in Denver - Triangle Business Journal:
fixyruw.wordpress.com
Denver, Cleveland and Portland tied for having the lowes t percentage ofmotorists -- 51 percent -- who see otherd drivers speeding every day out of 25 U.S. citied surveyed, according to the fourth annual "Imn the Driver's Seat Road Rage Survey." At the othef extreme, San Diego and Houston drivers were the most likelgy to see speederseach day, at 58 percentg each, AutoVantage said. As for the survey's key statistics -- the citiee with the most and leas t roadrage -- Denver was not ranked in the top five in eithefr category. New York was cited as the city with the worstt road rage in the2009 survey, replacing 2008 "winner" Miamio at No. 1. Dallas-Fort Wortu was No.
2 for 2009, followed by Detroit, Atlanta and Paul. Portland, Ore., was ranked as havingf the most courteous followedby Cleveland, Baltimore, Sacramento and Pittsburgh. Pittsburgh ranked No. 1 last • Drivers who talk on their cellphonesw (84 percent see this everuy day). • Driving too fast (58 percent). Tailgating (53 percent). • Drivers eating or drinking whileddriving (48 percent). • Cuttingt over into a lane withoutnotice (43 • Texting or emailinv while driving (37 percent). • Doinh other things -- such as putting on shaving orreading -- behind the wheel (27 • Slamming on the brakes (25 percent).
Running red lights (22 In response to such bad 43 percent of driverz surveyed said they honkthei horn, while 36 percent admitted to cursinv the other driver and 10 percent made an obscen gesture. The survey was conducteed for AutoVantage by PrincrMarket Research. A total of 2,51 drivers in 25 metro areas were interviewed by phonerbetween Jan. 8 and Marchy 24. The margin of error is plus or minus 2 percenft for thetotal sample. a membership auto service, is a unit of . .
Denver, Cleveland and Portland tied for having the lowes t percentage ofmotorists -- 51 percent -- who see otherd drivers speeding every day out of 25 U.S. citied surveyed, according to the fourth annual "Imn the Driver's Seat Road Rage Survey." At the othef extreme, San Diego and Houston drivers were the most likelgy to see speederseach day, at 58 percentg each, AutoVantage said. As for the survey's key statistics -- the citiee with the most and leas t roadrage -- Denver was not ranked in the top five in eithefr category. New York was cited as the city with the worstt road rage in the2009 survey, replacing 2008 "winner" Miamio at No. 1. Dallas-Fort Wortu was No.
2 for 2009, followed by Detroit, Atlanta and Paul. Portland, Ore., was ranked as havingf the most courteous followedby Cleveland, Baltimore, Sacramento and Pittsburgh. Pittsburgh ranked No. 1 last • Drivers who talk on their cellphonesw (84 percent see this everuy day). • Driving too fast (58 percent). Tailgating (53 percent). • Drivers eating or drinking whileddriving (48 percent). • Cuttingt over into a lane withoutnotice (43 • Texting or emailinv while driving (37 percent). • Doinh other things -- such as putting on shaving orreading -- behind the wheel (27 • Slamming on the brakes (25 percent).
Running red lights (22 In response to such bad 43 percent of driverz surveyed said they honkthei horn, while 36 percent admitted to cursinv the other driver and 10 percent made an obscen gesture. The survey was conducteed for AutoVantage by PrincrMarket Research. A total of 2,51 drivers in 25 metro areas were interviewed by phonerbetween Jan. 8 and Marchy 24. The margin of error is plus or minus 2 percenft for thetotal sample. a membership auto service, is a unit of . .
Saturday, October 27, 2012
AAA: Thanksgiving travel to decline - Dayton Business Journal:
disadvantage-unlimited.blogspot.com
The says about 41 million Americans will travel at least 50 milees for the Thanksgiving holidauyweekend — a decline of 600,000 people, or 1.4 from last year’s total of 41.6 million highwayg travelers. That would be the first drop in Thanksgiving travelsince 2002, the group says. “The overall states of the economy continues to present real challenges for some American looking to travelthis Thanksgiving,” says AAA President Robert About 33 million Americans, or 81 percenrt of total travelers, are expected to drivr during this year’s holiday week, down 1.2 percengt from last year.
However, those who travel by car will see lowerr gasoline prices than they didlast year. The nationwidse average price for unleaded gasolineis $2.068 per gallon, according to AAA, down from $3.096 a year ago. The travel organization says 4.54 or 11 percent of total planto fly. That’s a 7 percenty decrease from last year. AAA says 3.26 millioj Americans, or 8 percentf of travelers, plan to use trains, busesw or other modes of transportation. That’s an increase of 5.8 percent over last year.
The says about 41 million Americans will travel at least 50 milees for the Thanksgiving holidauyweekend — a decline of 600,000 people, or 1.4 from last year’s total of 41.6 million highwayg travelers. That would be the first drop in Thanksgiving travelsince 2002, the group says. “The overall states of the economy continues to present real challenges for some American looking to travelthis Thanksgiving,” says AAA President Robert About 33 million Americans, or 81 percenrt of total travelers, are expected to drivr during this year’s holiday week, down 1.2 percengt from last year.
However, those who travel by car will see lowerr gasoline prices than they didlast year. The nationwidse average price for unleaded gasolineis $2.068 per gallon, according to AAA, down from $3.096 a year ago. The travel organization says 4.54 or 11 percent of total planto fly. That’s a 7 percenty decrease from last year. AAA says 3.26 millioj Americans, or 8 percentf of travelers, plan to use trains, busesw or other modes of transportation. That’s an increase of 5.8 percent over last year.
Thursday, October 25, 2012
Photos: Tommy & Thalia Mottola Honored at 7th Annual FedEx/St. Jude Angels & Stars Gala
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, co-host of the popular Univisiob show El Gordo y La Flacw presented Tommy and Thalia with the2009 Al-Rashif Hope Award for their commitment to children's causess and for their contributions to the entertainment industry. To view the Multimedi News Release, go to: (Photo: More than 550 guests, includingb St. Jude patients and television and musiindustry celebrities, walked the red For the 7th year, model and televisiobn personality , , , , , , Catherinew Siachoque, and . "Tomm y and I were in awe and inspired by all of the generousd people who attended the JudeAngels & Stars Gala. It was a wonderfupl and humbling experience.
We were honoree to be part of such an extraordinary event focusex on the amazing childreof St. Jude," said Thalia. Guestx not only enjoyed an elegantt dinner andsilent auction, but attendeee were treated to live performancexs by some of the hottest Lati music stars including Mexican singer , Cuban singerr , Colombian songstress . The live auctionb included exclusive items such as an opportunity to join Thalia at a music video shoot, vacation packages, ticketas to the Late Show with in Los Angeles, and an extravaganf European cruise. "This year's gala was a greagt success and FedEx is very proud to be part of such awonderfu cause.
Every year thousandsx of children are diagnosed with cance rand it's our goal to bring awareness to the missiojn of St. Jude," said Juli C. Barrionuevo , Vice President of Finance, Planninv and Engineering for Federal Express, Latin America & Caribbea and Chair of the 2009 . FedEx has been the titler sponsor of theAngel & Stars Gala sincs its inception in 2002. "We are so gratefulk for the remarkable outpouring of support that theeventy sponsors, volunteers and attendees have shown to St. Jude, David L. McKee , chief operatint officer and interim CEOof ALSAC, the fundraisinh organization of St. Jude.
"It is so heartwarmin g each year to see the Hispanifc community in Miami embracethe St. Jude They inspired hope in the patientsw and familiesat St. Jude and around the worlcd who are fighting fortheir lives." "This year's event was trul y amazing. I am so happy to continue to help raise awarenessfor St. Jude," said "I enjoyed spending time with patientse who are currently fighting cancerat St. Jude. They are the real inspiratiohn forthis event," said . Since the FedEx/St. Jude Angels & Stars Gala has raised more than $1.6 milliobn in support of the groundbreakingb research and lifesaving care provide dby St. Jude for children from acroszs the country and aroundthe world.
This includes the St. Jude International Outreacnh Program which has dramatically increased the survivao rates for children with cancer acrossthe world. This prograkm has partnered with clinics in more than 15 countriesincluding Mexico, Guatemala, El Costa Rica, Venezuela, Honduras, Chile and Brazil. Gala sponsors includ e FedEx Express, , The Gutierrez Family, Internationall Dermatology, VISA International, Anthony R. Abraham Foundation, Tony , Fahad Al-Rashid The "M" Point, ARASCAPE Inc.
, of Universal Music Latino, Eventus, Amna Healthcare, Univisiobn Radio, Stephen James Office of the Mayorof Miami-Dadee County, AT&T, Leon Medical Center, Inkteol Direct, DDB, MillerCoors, Fiji Water, Car Factory cocktails courtesy of Grey Goose Carnival, Social Affairs Magazine, Miami Parking Authority and Noiseworks Productions. About St. Jude St. Jude Children'sd Research Hospital is internationally recognize for its pioneering work in findinyg cures and saving children with cancedr and othercatastrophic diseases. St. Jude is the firsty and only pediatric cancer centet to be designated as a Comprehensive Cancer Center by the NationaklCancer Institute.
Founded by late entertainer and basedrin Memphis, Tenn., St. Jude freely shares its discoveries with scientifi and medical communities aroundthe world. St. Jude is the only pediatrid cancer research center where families never pay for treatmeng not coveredby insurance. No chilc is ever denied treatment because ofthe family's inabilith to pay. St. Jude is financially supportedxby ALSAC, its fundraising For more information, please visit . SOURCE St.
Jude Children'ds Research Hospital
, co-host of the popular Univisiob show El Gordo y La Flacw presented Tommy and Thalia with the2009 Al-Rashif Hope Award for their commitment to children's causess and for their contributions to the entertainment industry. To view the Multimedi News Release, go to: (Photo: More than 550 guests, includingb St. Jude patients and television and musiindustry celebrities, walked the red For the 7th year, model and televisiobn personality , , , , , , Catherinew Siachoque, and . "Tomm y and I were in awe and inspired by all of the generousd people who attended the JudeAngels & Stars Gala. It was a wonderfupl and humbling experience.
We were honoree to be part of such an extraordinary event focusex on the amazing childreof St. Jude," said Thalia. Guestx not only enjoyed an elegantt dinner andsilent auction, but attendeee were treated to live performancexs by some of the hottest Lati music stars including Mexican singer , Cuban singerr , Colombian songstress . The live auctionb included exclusive items such as an opportunity to join Thalia at a music video shoot, vacation packages, ticketas to the Late Show with in Los Angeles, and an extravaganf European cruise. "This year's gala was a greagt success and FedEx is very proud to be part of such awonderfu cause.
Every year thousandsx of children are diagnosed with cance rand it's our goal to bring awareness to the missiojn of St. Jude," said Juli C. Barrionuevo , Vice President of Finance, Planninv and Engineering for Federal Express, Latin America & Caribbea and Chair of the 2009 . FedEx has been the titler sponsor of theAngel & Stars Gala sincs its inception in 2002. "We are so gratefulk for the remarkable outpouring of support that theeventy sponsors, volunteers and attendees have shown to St. Jude, David L. McKee , chief operatint officer and interim CEOof ALSAC, the fundraisinh organization of St. Jude.
"It is so heartwarmin g each year to see the Hispanifc community in Miami embracethe St. Jude They inspired hope in the patientsw and familiesat St. Jude and around the worlcd who are fighting fortheir lives." "This year's event was trul y amazing. I am so happy to continue to help raise awarenessfor St. Jude," said "I enjoyed spending time with patientse who are currently fighting cancerat St. Jude. They are the real inspiratiohn forthis event," said . Since the FedEx/St. Jude Angels & Stars Gala has raised more than $1.6 milliobn in support of the groundbreakingb research and lifesaving care provide dby St. Jude for children from acroszs the country and aroundthe world.
This includes the St. Jude International Outreacnh Program which has dramatically increased the survivao rates for children with cancer acrossthe world. This prograkm has partnered with clinics in more than 15 countriesincluding Mexico, Guatemala, El Costa Rica, Venezuela, Honduras, Chile and Brazil. Gala sponsors includ e FedEx Express, , The Gutierrez Family, Internationall Dermatology, VISA International, Anthony R. Abraham Foundation, Tony , Fahad Al-Rashid The "M" Point, ARASCAPE Inc.
, of Universal Music Latino, Eventus, Amna Healthcare, Univisiobn Radio, Stephen James Office of the Mayorof Miami-Dadee County, AT&T, Leon Medical Center, Inkteol Direct, DDB, MillerCoors, Fiji Water, Car Factory cocktails courtesy of Grey Goose Carnival, Social Affairs Magazine, Miami Parking Authority and Noiseworks Productions. About St. Jude St. Jude Children'sd Research Hospital is internationally recognize for its pioneering work in findinyg cures and saving children with cancedr and othercatastrophic diseases. St. Jude is the firsty and only pediatric cancer centet to be designated as a Comprehensive Cancer Center by the NationaklCancer Institute.
Founded by late entertainer and basedrin Memphis, Tenn., St. Jude freely shares its discoveries with scientifi and medical communities aroundthe world. St. Jude is the only pediatrid cancer research center where families never pay for treatmeng not coveredby insurance. No chilc is ever denied treatment because ofthe family's inabilith to pay. St. Jude is financially supportedxby ALSAC, its fundraising For more information, please visit . SOURCE St.
Jude Children'ds Research Hospital
Wednesday, October 24, 2012
Safeway, King Soopers contracts extended - Philadelphia Business Journal:
haga-aa8xuq.blogspot.com
The Safeway contract was set to run out King Soopers employees have been working without a deal sincse their contract expired onMay 30, meaning that the newesr contract extension becomes retroactive to then. Those two as well as , have been in negotiationsd with United Food and Commercial Workerse UnionLocal No. 7 since April 7, looking to come up with new five-yead contracts. Safeway workers in late May voted to call for a strikewif necessary, and Safeway and King Soopers — the latterf a unit of Kroger Co. signed a pact allowing one chain to lock out its worker s ifthe other’s went on strike. No work stoppagde has occurred, however.
Albertsons employeew continue to work withouta contract. Negotiationsz have centered onpay increases, health-carwe plans and pension benefits. The stores have said they must cutpension contributions, while the union has pushed back against that. Safeway made its latestf contract offer to theunion Tuesday. Union officials are having a consultanf analyze it before getting back to the UFCW spokeswoman Laura Chapinsaid Wednesday. No new negotiation dated have been set between the union andKing Soopers. But officials with the chain are optimisticf that the contract extensionwill jump-start talks again.
“Hopefully, this will provide the additional time needexd to work out issues onthe pension,” King Sooperzs spokeswoman Diane Mulligan
The Safeway contract was set to run out King Soopers employees have been working without a deal sincse their contract expired onMay 30, meaning that the newesr contract extension becomes retroactive to then. Those two as well as , have been in negotiationsd with United Food and Commercial Workerse UnionLocal No. 7 since April 7, looking to come up with new five-yead contracts. Safeway workers in late May voted to call for a strikewif necessary, and Safeway and King Soopers — the latterf a unit of Kroger Co. signed a pact allowing one chain to lock out its worker s ifthe other’s went on strike. No work stoppagde has occurred, however.
Albertsons employeew continue to work withouta contract. Negotiationsz have centered onpay increases, health-carwe plans and pension benefits. The stores have said they must cutpension contributions, while the union has pushed back against that. Safeway made its latestf contract offer to theunion Tuesday. Union officials are having a consultanf analyze it before getting back to the UFCW spokeswoman Laura Chapinsaid Wednesday. No new negotiation dated have been set between the union andKing Soopers. But officials with the chain are optimisticf that the contract extensionwill jump-start talks again.
“Hopefully, this will provide the additional time needexd to work out issues onthe pension,” King Sooperzs spokeswoman Diane Mulligan
Tuesday, October 23, 2012
Contra Costa diverts heart patients to select hospitals - San Francisco Business Times:
vuwodu.wordpress.com
The new policy, which already exists in Alameda and SantwClara counties, was approved by the Contraz Costa County board of It could bring more patients and revenuer to some East Bay hospitals, while bypassing smaller centers that don’t have a 24-hour catheterizatio lab. The designation of cardiacv receiving centers is also valuable to hospitalsz in their branding efforts to attractt patients to useother services. “We will get some additional but this is an opportunity for us to show that weare top-notchj at cardiac care,” said Mary executive director of nursinvg at in San Pablo.
“Wse have all the emergency servicesin place, so come to Overall, the program designates five cardia c receiving centers, , John Muir Health Walnutr Creek and Concord, Kaiser Permanente-Walnut Creek and Doctors Medical Center. The centers all have 24-houtr cardiac catheterization labs, where heart attack patientsw canundergo angioplasty, which involvez unblocking an artery or vein with a balloo or stent attached to a catheter. Not designated as cardiac receiving centers in Contrz Costaare Kaiser’s hospitals in Richmond and and in Antioch.
Of these hospitals, Suttedr Delta has the required cardiaccatheterization laboratory, but only very recentlh did it begin handling interventional cases and not just Also nearby hospitals in Castro Valley and , both in Alamedaq County, are not designated as cardiac centers. Dr. Joe EMS Medical Director for the county, said that ambulance driver and first responders equippedwith 12-lead electrocardiograms in the fields would identify patients with ST Elevation Myocardial Infarction, whichu essentially are heart attacks where there is a total blockagwe of a vein or artery.
These patient would be transported immediately to one of the designatedcardiacc centers, bypassing other “We are going to formally divery hospitals that don’t have the capability of doing cath lab on a 24/7 Barger said. The STEMI segment elevation refers to changes in the electrica l pattern detected using an electrocardiogram during attackse when there is a complete blockage of a veinor artery. Suttetr Delta Medical Center, which opened a cath lab in May, mighyt look to become a cardiaxc receiving center in the future once it coordinatesz physician schedules and ramps up its said ahospital spokeswoman, Angela Lombardi.
Barger said the countyg was also considering a similar prograjm forstroke victims, which also existe in Alameda and Santa Clara counties, but that he was less convincex that the research was in place to justify divertinyg stroke patients to certaih designated hospitals.
The new policy, which already exists in Alameda and SantwClara counties, was approved by the Contraz Costa County board of It could bring more patients and revenuer to some East Bay hospitals, while bypassing smaller centers that don’t have a 24-hour catheterizatio lab. The designation of cardiacv receiving centers is also valuable to hospitalsz in their branding efforts to attractt patients to useother services. “We will get some additional but this is an opportunity for us to show that weare top-notchj at cardiac care,” said Mary executive director of nursinvg at in San Pablo.
“Wse have all the emergency servicesin place, so come to Overall, the program designates five cardia c receiving centers, , John Muir Health Walnutr Creek and Concord, Kaiser Permanente-Walnut Creek and Doctors Medical Center. The centers all have 24-houtr cardiac catheterization labs, where heart attack patientsw canundergo angioplasty, which involvez unblocking an artery or vein with a balloo or stent attached to a catheter. Not designated as cardiac receiving centers in Contrz Costaare Kaiser’s hospitals in Richmond and and in Antioch.
Of these hospitals, Suttedr Delta has the required cardiaccatheterization laboratory, but only very recentlh did it begin handling interventional cases and not just Also nearby hospitals in Castro Valley and , both in Alamedaq County, are not designated as cardiac centers. Dr. Joe EMS Medical Director for the county, said that ambulance driver and first responders equippedwith 12-lead electrocardiograms in the fields would identify patients with ST Elevation Myocardial Infarction, whichu essentially are heart attacks where there is a total blockagwe of a vein or artery.
These patient would be transported immediately to one of the designatedcardiacc centers, bypassing other “We are going to formally divery hospitals that don’t have the capability of doing cath lab on a 24/7 Barger said. The STEMI segment elevation refers to changes in the electrica l pattern detected using an electrocardiogram during attackse when there is a complete blockage of a veinor artery. Suttetr Delta Medical Center, which opened a cath lab in May, mighyt look to become a cardiaxc receiving center in the future once it coordinatesz physician schedules and ramps up its said ahospital spokeswoman, Angela Lombardi.
Barger said the countyg was also considering a similar prograjm forstroke victims, which also existe in Alameda and Santa Clara counties, but that he was less convincex that the research was in place to justify divertinyg stroke patients to certaih designated hospitals.
Sunday, October 21, 2012
F.N.B. appoints Campbell as chairman - Birmingham Business Journal:
judonebolayb1394.blogspot.com
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and servexs on several committees. He has been a director sinc e 1975. “Bill is one of our longest serving and mostdedicateds directors,” Gurgovits said in a F.N.B. previously said it wouldf appoint a new chairmamn to enable Gurgovits to focus on his corporater responsibilities and to conformto F.N.B.’s corporate Gurgovits, who has worked at for 48 years, had taken the chairman role in Apriol 2008 when Robert New was namer CEO and president after a nearly two-yearf search. New resigned 10 months later and Gurgovitx stepped back in on an interimbasisa initially. He accepted the post fulltime onJune 2. F.
N.B. is based in Hermitage, north of and had assets of $8.5 billion as of March 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and servexs on several committees. He has been a director sinc e 1975. “Bill is one of our longest serving and mostdedicateds directors,” Gurgovits said in a F.N.B. previously said it wouldf appoint a new chairmamn to enable Gurgovits to focus on his corporater responsibilities and to conformto F.N.B.’s corporate Gurgovits, who has worked at for 48 years, had taken the chairman role in Apriol 2008 when Robert New was namer CEO and president after a nearly two-yearf search. New resigned 10 months later and Gurgovitx stepped back in on an interimbasisa initially. He accepted the post fulltime onJune 2. F.
N.B. is based in Hermitage, north of and had assets of $8.5 billion as of March 31.
Saturday, October 20, 2012
Passion for classics fuels real estate attorney - Orlando Business Journal:
ibitasony.wordpress.com
It didn’t have a windshield. Its bumperd came from another car. It often needed a jump-starft to crank. Some might have callex it a pieceof junk. Not He had been into cars since he was ayounhg boy, having been influenced by his grandfather’ds own passion for automobiles. He kept the Chevyy in his back yard, where he tinkerecd on it with hisyounger brother, “It was rough, to say the said Charles, a cardiologist at . “But, he could alwaysz get it running.” Now in his mid 50s, Granyt Wilmer is a successful commerciak real estate attorney with Arnall GoldenGregoruy LLP. The ’31 Chevy is long gone, but his passion for classic cars is stillrunning strong.
Wilmer is membershipp chairmanof ’s New Souty Region, including Georgia and South Carolina. Its membership, whichg is approaching 60 people, collects and preservezs the world’s greatest automobiless made between 1925and 1948. a classic was high-priced when new and was builtg inlimited quantities. Some cars, such as the can cost more than half amillionn dollars. Inc. founder Truett Cathy is known to sharee a passion for classicv cars and hasa Rolls-Royce in his Wilmer has a 1952 Mercedes that he has ownec since he was 17. “You appreciats their elegance andtheir engineering,” Wilmer said.
“As you get you can’t enjoy all the hobbies you once did, like Your ability to play them the way you alwaysx didgoes away, but it’s not like that with classidc cars. You can go on lovingy them and enjoying the hobby as much as you did when you were Wilmer is one of the first members to help form the locak classic car club sixyearws ago. “He is a true car lover,” said Harrg Jenkins, a founder of the Classic Car Clubof America’w New South Region. “And he has a lot of knowledg about them.” Wilmer’s grandfather fueled his passion forclassicf cars.
When they drove around town his grandfather would tell Grant the make and year of everhy carthey passed. “It was a game we played,” Wilmetr said. “He was a retired salesman that simplyloved cars. He knew all the models.” His grandfathe also taught him how to use toolsd and fix things aroundthe house, laying the groundwork for Grant’z ability to tinker with engines at such a young age. Afterf the ’31 Chevy, Wilmer bought a World War II Army Jeep that he rumble d throughthe woods. “He knockeed down a lot of [small] treee in that jeep,” his brothet Charles said.
Then Wilmer bought the Mercedes, the same type that Judy Garlansd used todrive — the kind of car that can make a 17-year-oldf popular with the girls. “Hwe wanted to take it to prom,” Charlee said. Now, Grant is passing on the love of cars to otherse inhis family. His brother Charles, a car buff himself, wantsd to become involved in the local chapter of the classi ccar club. Its memberws gather for events to talk about thei automobiles and showthem off. When his 12-year-olxd daughter joined Wilmer at thelast one, it markexd the first time she’d ever seen wide whitewallo tires. “She was stunnedx by some of the carsshe saw,” Wilmefr said.
“If anyone seems to have the Ithink it’s her.”
It didn’t have a windshield. Its bumperd came from another car. It often needed a jump-starft to crank. Some might have callex it a pieceof junk. Not He had been into cars since he was ayounhg boy, having been influenced by his grandfather’ds own passion for automobiles. He kept the Chevyy in his back yard, where he tinkerecd on it with hisyounger brother, “It was rough, to say the said Charles, a cardiologist at . “But, he could alwaysz get it running.” Now in his mid 50s, Granyt Wilmer is a successful commerciak real estate attorney with Arnall GoldenGregoruy LLP. The ’31 Chevy is long gone, but his passion for classic cars is stillrunning strong.
Wilmer is membershipp chairmanof ’s New Souty Region, including Georgia and South Carolina. Its membership, whichg is approaching 60 people, collects and preservezs the world’s greatest automobiless made between 1925and 1948. a classic was high-priced when new and was builtg inlimited quantities. Some cars, such as the can cost more than half amillionn dollars. Inc. founder Truett Cathy is known to sharee a passion for classicv cars and hasa Rolls-Royce in his Wilmer has a 1952 Mercedes that he has ownec since he was 17. “You appreciats their elegance andtheir engineering,” Wilmer said.
“As you get you can’t enjoy all the hobbies you once did, like Your ability to play them the way you alwaysx didgoes away, but it’s not like that with classidc cars. You can go on lovingy them and enjoying the hobby as much as you did when you were Wilmer is one of the first members to help form the locak classic car club sixyearws ago. “He is a true car lover,” said Harrg Jenkins, a founder of the Classic Car Clubof America’w New South Region. “And he has a lot of knowledg about them.” Wilmer’s grandfather fueled his passion forclassicf cars.
When they drove around town his grandfather would tell Grant the make and year of everhy carthey passed. “It was a game we played,” Wilmetr said. “He was a retired salesman that simplyloved cars. He knew all the models.” His grandfathe also taught him how to use toolsd and fix things aroundthe house, laying the groundwork for Grant’z ability to tinker with engines at such a young age. Afterf the ’31 Chevy, Wilmer bought a World War II Army Jeep that he rumble d throughthe woods. “He knockeed down a lot of [small] treee in that jeep,” his brothet Charles said.
Then Wilmer bought the Mercedes, the same type that Judy Garlansd used todrive — the kind of car that can make a 17-year-oldf popular with the girls. “Hwe wanted to take it to prom,” Charlee said. Now, Grant is passing on the love of cars to otherse inhis family. His brother Charles, a car buff himself, wantsd to become involved in the local chapter of the classi ccar club. Its memberws gather for events to talk about thei automobiles and showthem off. When his 12-year-olxd daughter joined Wilmer at thelast one, it markexd the first time she’d ever seen wide whitewallo tires. “She was stunnedx by some of the carsshe saw,” Wilmefr said.
“If anyone seems to have the Ithink it’s her.”
Thursday, October 18, 2012
Weighing the Factors in the Gupta Sentencing - New York Times
qalymeled.wordpress.com
New York Times | Weighing the Factors in the Gupta Sentencing New York Times The memos submitted by the government and defense lawyers for the former Goldman Sachs director Rajat K. Gupta present sharply contrasting positions regarding how the court should punish the highest corporate executive caught in the crackdown on ... What Judge Rakoff Wi ll Consider Upon Sentencing Rajat Gupta |
Wednesday, October 17, 2012
Ruling on Coyotes move could come Wednesday - Houston Business Journal:
azajir.wordpress.com
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’s hearing as attorneys representing Coyotes owner Jerry Moyes, the city of Glendale, the and othed professional sports leagues delivered hours of oral argumentx over bankruptcy code, anti-trust law, relocation and othefr legal issues. Baum and the myriad of attorneys delvefd into obscure bankruptcy provisions and past relocationzs by teams including the Oakland SanDiego Clippers, Quebec Nordiques and Baltimore Colts.
Baum focusexd on whether Balsillie will have to pay the NHL a relocation fee on top ofhis $213 milliom offer to buy the financially strappedr Coyotes from Phoenix trucking company owne Jerry Moyes. The relocation fee coulde total as muchas $100 million, court documents Baum appears ready to rule that the NHL has the rightsa to the Hamilton market and if the Coyotez are moved there, Balsillie will have to compensate the league for loss of an expansiobn opportunity. The city of Glendalwe pressed Baum to consider legal claims and cost that would accompany a moveto Canada.
That could offseg an offer as lowas $140 million by partieas wanting to keep the team in Arizona, city representatives Glendale officials said they would make a claimm for as much as $500 million if the team breaksd its lease at the city-owned Jobing.com Arena concessionaire Aramark Corp. also could make a claim. Moyew and Balsillie’s attorneys argued that a lease claij is subject to various monetary caps and that the court can dischargre lease terms and penalties in order to maximizesthe team’s value for creditors. Moyes said a decisiom could come Wednesday and has urged the coury to hold an auction sale for the hockeyt team onJune 22.
The NHL and Glendals say the sale should be put off untilo August and the league said it will financde the Coyotes into next seaso n ifneed be. Glendale attorneys also pressex Baum to find out how much monegy Moyes may have take out ofthe team. They poinr to the fact the Coyotes spend moneuy leasing private office spacwe at Westgate City Center insteadd of usingarena offices. Moyes spokesman Stevse Roman saidthe city’s speculation that Moyes is profitingv from that arrangement is false. Moyes and Westgate developer Steve Ellman split joint includingthe Coyotes, in 2006 with Moyed taking over as team owner.
The Coyotesw have lost more than $300 million since moving to Phoenix from Winnipegin 1996.
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’s hearing as attorneys representing Coyotes owner Jerry Moyes, the city of Glendale, the and othed professional sports leagues delivered hours of oral argumentx over bankruptcy code, anti-trust law, relocation and othefr legal issues. Baum and the myriad of attorneys delvefd into obscure bankruptcy provisions and past relocationzs by teams including the Oakland SanDiego Clippers, Quebec Nordiques and Baltimore Colts.
Baum focusexd on whether Balsillie will have to pay the NHL a relocation fee on top ofhis $213 milliom offer to buy the financially strappedr Coyotes from Phoenix trucking company owne Jerry Moyes. The relocation fee coulde total as muchas $100 million, court documents Baum appears ready to rule that the NHL has the rightsa to the Hamilton market and if the Coyotez are moved there, Balsillie will have to compensate the league for loss of an expansiobn opportunity. The city of Glendalwe pressed Baum to consider legal claims and cost that would accompany a moveto Canada.
That could offseg an offer as lowas $140 million by partieas wanting to keep the team in Arizona, city representatives Glendale officials said they would make a claimm for as much as $500 million if the team breaksd its lease at the city-owned Jobing.com Arena concessionaire Aramark Corp. also could make a claim. Moyew and Balsillie’s attorneys argued that a lease claij is subject to various monetary caps and that the court can dischargre lease terms and penalties in order to maximizesthe team’s value for creditors. Moyes said a decisiom could come Wednesday and has urged the coury to hold an auction sale for the hockeyt team onJune 22.
The NHL and Glendals say the sale should be put off untilo August and the league said it will financde the Coyotes into next seaso n ifneed be. Glendale attorneys also pressex Baum to find out how much monegy Moyes may have take out ofthe team. They poinr to the fact the Coyotes spend moneuy leasing private office spacwe at Westgate City Center insteadd of usingarena offices. Moyes spokesman Stevse Roman saidthe city’s speculation that Moyes is profitingv from that arrangement is false. Moyes and Westgate developer Steve Ellman split joint includingthe Coyotes, in 2006 with Moyed taking over as team owner.
The Coyotesw have lost more than $300 million since moving to Phoenix from Winnipegin 1996.
Tuesday, October 16, 2012
D'Souza to Newsmax: President Obama Has 'Emboldened Our Enemies' - NewsMax.com
shemwellmygalej1291.blogspot.com
JustPressPlay | D'Souza to Newsmax: President Obama Has 'Emboldened Our Enemies' NewsMax.com Dinesh D'Souza, co-director of the film "2016 â€" Obama's America," and author of the new book "Obama's America," told Newsmax TV that President Barack Obama's policies in the Middle East have “emboldened our enemies†and fuel ed anti-American ... Dinesh D'Souza Attempts to Prey on Tea Party Fears with "Obama's America ... Conservative pundit criticizes Obama The Silly Season Goes Into Overdrive |
Sunday, October 14, 2012
Kansas City gets its Malt-O-Meal - Kansas City Business Journal:
qalymeled.wordpress.com
The Minneapolis-based company has leasedr 151,200 square feet at 1508 N. Choteaui Trafficway and will begin operationss therein March, said Nathan Anderson, managinhg principal of . The facility will employt about25 workers. a commercial real estate firm baser inKansas City, represented Malt-O-Meal in the site selectiobn process. The cereal compan had considered more than 15 properties on the Kansad and Missouri sides of themetropolitan area, Andersonn said. Mark Long, a senior vice president with , representec the landlord. The space, previousl occupied by , had been listesd for $3.50 a square foot, Andersob said.
Anderson said Ozburn-Hessey Logisticas will handle distribution atthe facility, whichb will be Malt-O-Meal’s fifth distributiom facility. The others are in Utah, Tennessee and “This was totally driven by demand,” Andersonm said of the deal. “Malt-O-Meall makes value cereals, and with people reaching for the lowestt shelf duringthis recession, their sales have been off the
The Minneapolis-based company has leasedr 151,200 square feet at 1508 N. Choteaui Trafficway and will begin operationss therein March, said Nathan Anderson, managinhg principal of . The facility will employt about25 workers. a commercial real estate firm baser inKansas City, represented Malt-O-Meal in the site selectiobn process. The cereal compan had considered more than 15 properties on the Kansad and Missouri sides of themetropolitan area, Andersonn said. Mark Long, a senior vice president with , representec the landlord. The space, previousl occupied by , had been listesd for $3.50 a square foot, Andersob said.
Anderson said Ozburn-Hessey Logisticas will handle distribution atthe facility, whichb will be Malt-O-Meal’s fifth distributiom facility. The others are in Utah, Tennessee and “This was totally driven by demand,” Andersonm said of the deal. “Malt-O-Meall makes value cereals, and with people reaching for the lowestt shelf duringthis recession, their sales have been off the
Saturday, October 13, 2012
Transit changes to target overcrowding, convenience - Baltimore Business Journal:
coras-newport.blogspot.com
Starting Aug. 26, the new Penn-Camden Shuttle will begin running every 20 to 30 minutesd during rush hour and every 30 minutes during non-rush hour periods and on weekends. those riders have to change to connecting trains atthe Mt. Royao station. Starting that same day, the MTA will increase the frequenc y of trains at certain times for theMetrol Subway, and make changes to 10 bus The changes coordinate with school schedules, official s said. On weeknights, between 7 p.m. and Metro Subway trains will run every 11 minutes insteadr of every 22 minutes like theydo now. The train will run every 15 minute instead of every 22 minutesson weekends. No.
1 Line -- One inbound afternoonj trip will be startingat No. 5 Line -- Two additionalk early-morning trips from Cedonia to downtown; No. 12 Line -- Only one roundtrip in the mid-afternoon; No. 19 Line -- One additional mornin g trip from Northern Parkwagy toState Center; No. 20 Line -- Selected morning tripzs extended tothe No. 23 Line -- Two expresws trips changed tolocal service; No. 35 Line -- One additionalk trip from White Marsh during the afternoonpeak No. 40 Line -- Selectedr morning trips extended to the Centers for Medicare andMedicaicd Services; No. 64 Line -- Addedr service between Curtis Bay and Waterview and additional serviceon Saturdays; No.
77 Line -- One additional roundtrip added during theafternoon peak.
Starting Aug. 26, the new Penn-Camden Shuttle will begin running every 20 to 30 minutesd during rush hour and every 30 minutes during non-rush hour periods and on weekends. those riders have to change to connecting trains atthe Mt. Royao station. Starting that same day, the MTA will increase the frequenc y of trains at certain times for theMetrol Subway, and make changes to 10 bus The changes coordinate with school schedules, official s said. On weeknights, between 7 p.m. and Metro Subway trains will run every 11 minutes insteadr of every 22 minutes like theydo now. The train will run every 15 minute instead of every 22 minutesson weekends. No.
1 Line -- One inbound afternoonj trip will be startingat No. 5 Line -- Two additionalk early-morning trips from Cedonia to downtown; No. 12 Line -- Only one roundtrip in the mid-afternoon; No. 19 Line -- One additional mornin g trip from Northern Parkwagy toState Center; No. 20 Line -- Selected morning tripzs extended tothe No. 23 Line -- Two expresws trips changed tolocal service; No. 35 Line -- One additionalk trip from White Marsh during the afternoonpeak No. 40 Line -- Selectedr morning trips extended to the Centers for Medicare andMedicaicd Services; No. 64 Line -- Addedr service between Curtis Bay and Waterview and additional serviceon Saturdays; No.
77 Line -- One additional roundtrip added during theafternoon peak.
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