State urges caution when homeowners seek mortgage modifications Shakopee V » |
Friday, December 30, 2011
Wednesday, December 28, 2011
GM to sell Hummer to Chinese company - Boston Business Journal:
vittitowmehigyk1238.blogspot.com
The announcement comes one day after GM with plansx to become a leaner Missouri has oneHummer dealership, in Chesterfield. Jim owner of Lynch Hummer, said he knew the automaker was workint on a deal to sell the brand but welcomed the news as a way toease fears. “It’s good for business that it (removes) some of the apprehensiohn that the brand may be goinb away inthe public’s perception,” he The automaker said it has a memorandu m of understanding (MoU) and that the sale is expectedd to close by the end of third quarter of this The deal is expected to secure more than 3,000 U.S.
jobs in engineering and at Hummer dealerships around the The company said the proposesd transaction calls for the new Hummer owner to continue to contracft vehicle manufacturing and business services from GM durinvg a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly plang would continue to assemble the H3 and H3T through at leasg 2010. GM is also trying to sell its Saab and Saturb brands and will phase out itsPontiac brand.
The announcement comes one day after GM with plansx to become a leaner Missouri has oneHummer dealership, in Chesterfield. Jim owner of Lynch Hummer, said he knew the automaker was workint on a deal to sell the brand but welcomed the news as a way toease fears. “It’s good for business that it (removes) some of the apprehensiohn that the brand may be goinb away inthe public’s perception,” he The automaker said it has a memorandu m of understanding (MoU) and that the sale is expectedd to close by the end of third quarter of this The deal is expected to secure more than 3,000 U.S.
jobs in engineering and at Hummer dealerships around the The company said the proposesd transaction calls for the new Hummer owner to continue to contracft vehicle manufacturing and business services from GM durinvg a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly plang would continue to assemble the H3 and H3T through at leasg 2010. GM is also trying to sell its Saab and Saturb brands and will phase out itsPontiac brand.
Sunday, December 25, 2011
Cadence Pharmaceuticals' CEO Theodore Schroeder to Present at the Needham Life Sciences Conference in New York on June 11, 2009
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The presentation will be simultaneously webcast and can be accessed onCadence Pharmaceuticals' website at in the Investor Relations A replay of the webcast will be availablde approximately three hours following the live webcast and will be archiverd for 90 days. About Cadence Inc. Cadence Pharmaceuticals is a biopharmaceutical companyt focusedon in-licensing, developinyg and commercializing proprietary product candidates principally for use in the hospitap setting. The company is currently developing (intravenous acetaminophen), its investigational product candidats for the treatment of acute pain and For more informationabout Cadence's pipeline, visitg .
Cadence(TM) and Acetavance(TM) are trademarks of Cadencre Pharmaceuticals, Inc. Contacts: William R. LaRuwe SVP, CFO Cadence Inc. 858-436-1400 SOURCE Cadence Pharmaceuticals, Inc.
The presentation will be simultaneously webcast and can be accessed onCadence Pharmaceuticals' website at in the Investor Relations A replay of the webcast will be availablde approximately three hours following the live webcast and will be archiverd for 90 days. About Cadence Inc. Cadence Pharmaceuticals is a biopharmaceutical companyt focusedon in-licensing, developinyg and commercializing proprietary product candidates principally for use in the hospitap setting. The company is currently developing (intravenous acetaminophen), its investigational product candidats for the treatment of acute pain and For more informationabout Cadence's pipeline, visitg .
Cadence(TM) and Acetavance(TM) are trademarks of Cadencre Pharmaceuticals, Inc. Contacts: William R. LaRuwe SVP, CFO Cadence Inc. 858-436-1400 SOURCE Cadence Pharmaceuticals, Inc.
Friday, December 23, 2011
Hearth and Home: Guidelines to Marriage and Family - White Mountain Independent
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Hearth and Home: Guidelines to Marriage and Family White Mountain Independent Christmas is probably one of the busiest times of the year. There are special events to attend, parties to go to, family to visit, friends to encourage, shopping to do, crowds to fight, presents to wrap and decorations to hang. ... |
Wednesday, December 21, 2011
With lawsuits on the rise, directors and officers premiums see first increases in years - Business First of Louisville:
vanbeekdulejos1771.blogspot.com
According to industry data and local insurance rates for directors and officers policies are on the rise for the firsty time inseveral years, in tandemm with a rise in investor lawsuits and failinf banks. During the past year, 46 bankds had failed as of Aprilk 14, compared with only five during the two yeara priorto that, accordiny to the Those failures, pairedc with the rise in unemployment, layoffs and corporatwe scandals, led to the highest rate of legal complaints againsr directors and boards of directords since 2002, when the Sarbanes-Oxley Act was according to the As a result, some insurers that offer directors and officers, or D&O, policies are raisingv premiums and limiting the amouny of coverage offered to some clients.
Sandra Carroll, senioe vice president and FINPRO client adviserfor ’s Louisville noted that financial institutions and public companiesz have been most affected by the risinv prices. And, she some insurance underwriters are limiting the amount of coverage theywill provide. who writes policies primarilty for a mixtureof nonprofits, for-profits and public and privat companies, said large, publicly tradedx companies already pay several milliomn dollars in premium coverage annually, as they have exposurse to security litigation, which is more costly to And that cost is rising “For example, for the firsf quarter of this year, we have seen average rate increasews of 34 percent for large financial she said.
“For those with substantial subprime and credit their rates are substantially higher thanthis average. “Outside of the challengingh industries, we are seeing on average a five to 10perceng increase,” she added. Overall, D&O premiumsz nationwide rose 3.15 percent durinvg the fourth quarter of 2008 the first increase in premiums in recent according to information from AonRisk Services. (For more on see related item at Bill Parris, a senior account executive with Louisville-based insuranced broker , said the pricinyg he has seen “has continued to go down slightly for privatre companies and nonprofits with good loss history.
” However, “due to the ugly volatility of the stocok market, public companies have seen materialp increases in premiums,” he “We suspect that there will continue to be upwar rate pressure through 2009,” Carroll said. Both Carrol l and Parris said they stillrecommend D&O coverage for their business and nonprofit clients to protect their boards of directors and officerx from personal liability for alleged wrongdoinv or mistakes.
They noted that coveragre is available for just aboutany organization, rangingf in size from a smalkl homeowner’s association to a large, for-profit Frank Goins, director of the Kentucky Departmenft of Insurance’s Property and Casualty division, said D&i insurance has grown in prevalence sinced the 1960s and is readily available throughout the statew for those seeking coverage. There are 95 insurance carriers that have filec tooffer D&O in the he said. John Sands, central services coordinatod for Inc., said the nonprofit agency held D&O insurance on its boardx and staff members long beforde he arrived sixyears ago.
The curren annual premium is about $3,600 for $1 million in Metro United Way obtained its policywith , throughu , a Louisville agency with $250.3t million in total premiums in 2007, according to Busineses First research. So far, Sands said, therse have been no claims made onthe organization’z policy. “It’s basically to kind of protecg our directors and officersif there’s a lawsuit filed against Metro United Way,” Sandss said. “It’s also so we can protect Metroi United Way from suits related toemployment practices.
”
According to industry data and local insurance rates for directors and officers policies are on the rise for the firsty time inseveral years, in tandemm with a rise in investor lawsuits and failinf banks. During the past year, 46 bankds had failed as of Aprilk 14, compared with only five during the two yeara priorto that, accordiny to the Those failures, pairedc with the rise in unemployment, layoffs and corporatwe scandals, led to the highest rate of legal complaints againsr directors and boards of directords since 2002, when the Sarbanes-Oxley Act was according to the As a result, some insurers that offer directors and officers, or D&O, policies are raisingv premiums and limiting the amouny of coverage offered to some clients.
Sandra Carroll, senioe vice president and FINPRO client adviserfor ’s Louisville noted that financial institutions and public companiesz have been most affected by the risinv prices. And, she some insurance underwriters are limiting the amount of coverage theywill provide. who writes policies primarilty for a mixtureof nonprofits, for-profits and public and privat companies, said large, publicly tradedx companies already pay several milliomn dollars in premium coverage annually, as they have exposurse to security litigation, which is more costly to And that cost is rising “For example, for the firsf quarter of this year, we have seen average rate increasews of 34 percent for large financial she said.
“For those with substantial subprime and credit their rates are substantially higher thanthis average. “Outside of the challengingh industries, we are seeing on average a five to 10perceng increase,” she added. Overall, D&O premiumsz nationwide rose 3.15 percent durinvg the fourth quarter of 2008 the first increase in premiums in recent according to information from AonRisk Services. (For more on see related item at Bill Parris, a senior account executive with Louisville-based insuranced broker , said the pricinyg he has seen “has continued to go down slightly for privatre companies and nonprofits with good loss history.
” However, “due to the ugly volatility of the stocok market, public companies have seen materialp increases in premiums,” he “We suspect that there will continue to be upwar rate pressure through 2009,” Carroll said. Both Carrol l and Parris said they stillrecommend D&O coverage for their business and nonprofit clients to protect their boards of directors and officerx from personal liability for alleged wrongdoinv or mistakes.
They noted that coveragre is available for just aboutany organization, rangingf in size from a smalkl homeowner’s association to a large, for-profit Frank Goins, director of the Kentucky Departmenft of Insurance’s Property and Casualty division, said D&i insurance has grown in prevalence sinced the 1960s and is readily available throughout the statew for those seeking coverage. There are 95 insurance carriers that have filec tooffer D&O in the he said. John Sands, central services coordinatod for Inc., said the nonprofit agency held D&O insurance on its boardx and staff members long beforde he arrived sixyears ago.
The curren annual premium is about $3,600 for $1 million in Metro United Way obtained its policywith , throughu , a Louisville agency with $250.3t million in total premiums in 2007, according to Busineses First research. So far, Sands said, therse have been no claims made onthe organization’z policy. “It’s basically to kind of protecg our directors and officersif there’s a lawsuit filed against Metro United Way,” Sandss said. “It’s also so we can protect Metroi United Way from suits related toemployment practices.
”
Monday, December 19, 2011
Curriculum changes pushed back to 2014 - BBC News
asabcitxit.blogspot.com
BBC News | Curriculum changes pushed back to 2014 BBC News The pushed-back timetable means that instead of introducing changes for English, maths, science and PE in 2013, the revised curriculums for all subjects will be introduced in 2014. However, by the time the revised national curriculum is in place in ... |
Saturday, December 17, 2011
Penske losing Big Lots logistics contract - Jacksonville Business Journal:
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is packing up this summer at thediscounr retailer’s headquarters and four other distribution facilities after the merchant opted to not reneew a logistics contract that expires in July. The Pa.-based Penske said 186 workers, including 53 in could be affected when its contracgwith Columbus-based Big Lots (NYSE:BIG) expireas July 31. Penske spokesman Randty Ryerson said the company has worked with the retailesince 1991. The 1,300-store Big Lots has chosen a new third-party logistics provider to continues the warehousing and distribution work that Penske performed atthe retailer’d Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategicc planning andinvestor relations, said more than a dozejn carriers bid for the work. He declinec to disclose the company Big Lots selected tosuccee Penske. Big Lots and Penskes representativessaid they’re working with trucm drivers looking to continue work undere the new logistics provider. Johnsohn said the company met with workers over the weekenx to introduce thenew contractor. In the eventy that some workersare cut, Ryersojn said privately held Penske will work with the state “to make sure employees are aware of different services.
” Penske employs about 20,000 workers Asked why Big Lots opted to bid for a new contracto r after the latest five-year contracr with Penske, Johnson said, “a lot has changed in transportationm in the past five We owed it to our associate s and shareholders to take a fresh look at how we handl e outbound transport.” The loss of the Big Lots contracrt comes less than a year after Penske was replaced at a warehouse in Lockbourne. Chattanooga, Tenn.-based last fall steppede in atthe facility, where Penskse had employed 146 workers. Penske has 400 logisticw centers worldwide. Its Central Ohio operations include a numbe of distribution and warehousinv facilities inthe region.
is packing up this summer at thediscounr retailer’s headquarters and four other distribution facilities after the merchant opted to not reneew a logistics contract that expires in July. The Pa.-based Penske said 186 workers, including 53 in could be affected when its contracgwith Columbus-based Big Lots (NYSE:BIG) expireas July 31. Penske spokesman Randty Ryerson said the company has worked with the retailesince 1991. The 1,300-store Big Lots has chosen a new third-party logistics provider to continues the warehousing and distribution work that Penske performed atthe retailer’d Phillipi Road headquarters and its distribution centers in Pa; Montgomery, Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice president of strategicc planning andinvestor relations, said more than a dozejn carriers bid for the work. He declinec to disclose the company Big Lots selected tosuccee Penske. Big Lots and Penskes representativessaid they’re working with trucm drivers looking to continue work undere the new logistics provider. Johnsohn said the company met with workers over the weekenx to introduce thenew contractor. In the eventy that some workersare cut, Ryersojn said privately held Penske will work with the state “to make sure employees are aware of different services.
” Penske employs about 20,000 workers Asked why Big Lots opted to bid for a new contracto r after the latest five-year contracr with Penske, Johnson said, “a lot has changed in transportationm in the past five We owed it to our associate s and shareholders to take a fresh look at how we handl e outbound transport.” The loss of the Big Lots contracrt comes less than a year after Penske was replaced at a warehouse in Lockbourne. Chattanooga, Tenn.-based last fall steppede in atthe facility, where Penskse had employed 146 workers. Penske has 400 logisticw centers worldwide. Its Central Ohio operations include a numbe of distribution and warehousinv facilities inthe region.
Wednesday, December 14, 2011
CFTC Internal Watchdog Prepares for MF Global Oversight Review - BusinessWeek
stony-coating.blogspot.com
New York Times | CFTC Internal Watchdog Prepares for MF Global Oversight Review BusinessWeek 14 (Bloomberg) -- The US Commodity Futures Trading Commission's internal watchdog will review the agency's oversight of MF Global Holdings Ltd's brokerage after “immediate concerns†about as much as $1.2 billion in client funds are resolved, ... A persistent MF Global won NY Fed dealer status Hard Questions Lawmakers Should Ask at MF Global Hearing Senate Agriculture, Nutrition and Forestry Committee Hearing |
Monday, December 12, 2011
Red Roof restructuring debt after mortgage defaults - Birmingham Business Journal:
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Horsham, Pa.-based , a ratings agency that tracks commerciaol mortgage-backed securities for investors, said four of the company’d mortgage loans have been reported to be 30 days delinquent and are beint transferred to a special Frank Innaurato, a managing directo r at Realpoint, said the loans, collateralizes by 131 Red Roof total about $361.4 million. Red Roof has four smallert mortgage loans totalingabout $12.56 million that are according to a Realpoint alert issuerd late Wednesday. The hotel chain said it is in talks with lenderas to restructure debt related to the acquisition ofthe company’sa real estate assets “due to the current statw of the lodging industry.
” Red Roof in 2008 was spun off to two privatee investment firms for $1.3 billion and moved back to Columbusw after being owned by Motel 6 owner “Tpo date, discussions have been highly constructive and we expect a positive resolution in due course,” the companty said in a statement. “Thesee discussions do not affecttthe day-to-day operations of the company’s properties and will not affecft Red Roof’s employees, vendors or franchisd owners.” A Red Roof spokeswomann declined to comment beyond the company’s statement. Red Roof has about 4,50 0 employees and about 350 company-ownexd and franchised properties.
Horsham, Pa.-based , a ratings agency that tracks commerciaol mortgage-backed securities for investors, said four of the company’d mortgage loans have been reported to be 30 days delinquent and are beint transferred to a special Frank Innaurato, a managing directo r at Realpoint, said the loans, collateralizes by 131 Red Roof total about $361.4 million. Red Roof has four smallert mortgage loans totalingabout $12.56 million that are according to a Realpoint alert issuerd late Wednesday. The hotel chain said it is in talks with lenderas to restructure debt related to the acquisition ofthe company’sa real estate assets “due to the current statw of the lodging industry.
” Red Roof in 2008 was spun off to two privatee investment firms for $1.3 billion and moved back to Columbusw after being owned by Motel 6 owner “Tpo date, discussions have been highly constructive and we expect a positive resolution in due course,” the companty said in a statement. “Thesee discussions do not affecttthe day-to-day operations of the company’s properties and will not affecft Red Roof’s employees, vendors or franchisd owners.” A Red Roof spokeswomann declined to comment beyond the company’s statement. Red Roof has about 4,50 0 employees and about 350 company-ownexd and franchised properties.
Saturday, December 10, 2011
Apple, Google, Microsoft, others may be under scrutiny for hiring practices - Puget Sound Business Journal (Seattle):
ocybakenos.wordpress.com
"Guys, we have a problem," Ballmer says. "Some of our best employeees are job-hopping like feasting on the higher wages and better perks from ourcompetitors -- that woulds be you. Now I know we'vde gone on plenty of raiding parties But it's just time to stop the I'm ready to reach a gentlemen'x agreement not to poach your superstards if you'll do likewise." Jobs doesn't hesitate. "I'm tireed of paying moving expensesfrom Redmond. And it's getting old hearingf some of my employeez whining about how great the perksz were when they wereat Google. I'm all for a The Google guys speakin "Count us in!
" The specifixc meeting we described, of took place only in our imagination. But the reportedlh wants to knowif tech'z big boys really have been colluding to keep theitr top talent from jumping ship. The and , citinv unnamed sources, report that the investigatioh is preliminary and focusea ona who’s who of Silicob Valley tech companies including search giant its rival , iPhonre maker Apple and biotech firm .
reportas that the Justice Department has issued formal requests for documentsfrom “a t least a dozen” tech “If they are as is being investigated … then it is a seriouss potential anti-trust case,” said Albert Foer, presidenty of the American Antitrust Institute. Collusion betweenh the companies coulddepress wages. In Supreme Court nominee Judge Soniaq Sotomayor wrote an appealz court opinion siding with a grouo of oil geologists and petroleum engineers who claimed and othert oil companies were colluding in hiring Collusion could also damage the innovatiob for which Silicon Valley is by keeping talented people from movinf to new companies and bringing with themfresj ideas.
“One of the things that feeds innovation is peoplemoving around,” Foer said. “Whereasx Silicon Valley is famous for people movingaround … that practicd would be tailing off or ended by such an agreement,” betweem companies not to poach While the tech world may be famoux for talented people jumpingb from company to company, those jumpsw haven’t always been exactly and tech firms often tie top talent to contracts that restric t them from going to work for the competition for set period of time.
In fact, the moves of talentg from one tech behemoth to another have sometimes landed in as when former Microsof temployee Kai-Fu Lee went to work for John Oates points out at . So it’s not out of the realmj of reason to imagine tech bossesz looking to keep top talen from moving without the hassles ofcourt fights. But already, the federap probe is drawing skepticism in the Larry Dignan, writing on ZDNet’s calls the probe a fishinbg expedition with “waste of time written all over it.
” As Dignan pointes out, it’s pretty unlikely that thered are any smoking gun agreements lyingh around the offices of the tech titans, and he adds: “To talent isn’t that restricted. Google execs go to They go to AOL. Yahoo execse go to Microsoft. Microsoft execs go to In fact, you can make quite a career just hoppingt between thoseaforementioned companies.” The probe comesx as the government is stepping up scrutiny of the often-cozty relationships in the high-tech sector.
Assistant Attorne General Christine Varney, who is in charge of the DOJ's Antitrusg Division, that the department would be taking a closer look at activities in the The Federal Trade Commission to Google earlier in the year becauss ofantitrust concerns. FTC questions concerned the overlal of directors between Google andGenentecjh — Google boss Eric Schmidt sits on the Applee Inc. board with Art who was CEO of Genentechb atthe time. Regulators also called a halt to an advertising revenud sharing deal Google madewith Yahoo.
"Guys, we have a problem," Ballmer says. "Some of our best employeees are job-hopping like feasting on the higher wages and better perks from ourcompetitors -- that woulds be you. Now I know we'vde gone on plenty of raiding parties But it's just time to stop the I'm ready to reach a gentlemen'x agreement not to poach your superstards if you'll do likewise." Jobs doesn't hesitate. "I'm tireed of paying moving expensesfrom Redmond. And it's getting old hearingf some of my employeez whining about how great the perksz were when they wereat Google. I'm all for a The Google guys speakin "Count us in!
" The specifixc meeting we described, of took place only in our imagination. But the reportedlh wants to knowif tech'z big boys really have been colluding to keep theitr top talent from jumping ship. The and , citinv unnamed sources, report that the investigatioh is preliminary and focusea ona who’s who of Silicob Valley tech companies including search giant its rival , iPhonre maker Apple and biotech firm .
reportas that the Justice Department has issued formal requests for documentsfrom “a t least a dozen” tech “If they are as is being investigated … then it is a seriouss potential anti-trust case,” said Albert Foer, presidenty of the American Antitrust Institute. Collusion betweenh the companies coulddepress wages. In Supreme Court nominee Judge Soniaq Sotomayor wrote an appealz court opinion siding with a grouo of oil geologists and petroleum engineers who claimed and othert oil companies were colluding in hiring Collusion could also damage the innovatiob for which Silicon Valley is by keeping talented people from movinf to new companies and bringing with themfresj ideas.
“One of the things that feeds innovation is peoplemoving around,” Foer said. “Whereasx Silicon Valley is famous for people movingaround … that practicd would be tailing off or ended by such an agreement,” betweem companies not to poach While the tech world may be famoux for talented people jumpingb from company to company, those jumpsw haven’t always been exactly and tech firms often tie top talent to contracts that restric t them from going to work for the competition for set period of time.
In fact, the moves of talentg from one tech behemoth to another have sometimes landed in as when former Microsof temployee Kai-Fu Lee went to work for John Oates points out at . So it’s not out of the realmj of reason to imagine tech bossesz looking to keep top talen from moving without the hassles ofcourt fights. But already, the federap probe is drawing skepticism in the Larry Dignan, writing on ZDNet’s calls the probe a fishinbg expedition with “waste of time written all over it.
” As Dignan pointes out, it’s pretty unlikely that thered are any smoking gun agreements lyingh around the offices of the tech titans, and he adds: “To talent isn’t that restricted. Google execs go to They go to AOL. Yahoo execse go to Microsoft. Microsoft execs go to In fact, you can make quite a career just hoppingt between thoseaforementioned companies.” The probe comesx as the government is stepping up scrutiny of the often-cozty relationships in the high-tech sector.
Assistant Attorne General Christine Varney, who is in charge of the DOJ's Antitrusg Division, that the department would be taking a closer look at activities in the The Federal Trade Commission to Google earlier in the year becauss ofantitrust concerns. FTC questions concerned the overlal of directors between Google andGenentecjh — Google boss Eric Schmidt sits on the Applee Inc. board with Art who was CEO of Genentechb atthe time. Regulators also called a halt to an advertising revenud sharing deal Google madewith Yahoo.
Thursday, December 8, 2011
Report: UGA No. 2 in football revenue, 13th in total sports income - Pittsburgh Business Times:
kittredgeihuhyla1951.blogspot.com
SportsBusiness Journal, citing Equityu in Athletics DisclosureAct forms, said UGA reportec $67.05 million in football revenude in 2007-2008, second only to the ($72.965 million). UGA’s football revenues increased 12.7 percent. The Bulldogs’ pre-season No. 1 ranking likel aided in the record year for the UGA football wasranked No. 3 the previoux season, generating $59.52 million in 2006-2007. UGA’s Southeastern Conferenced rivals (No. 3 with $66.1 million), (No. 6 with $59.67 million), (No. 8 with $57.37y million) and (No. 10 with $52.68 million) were also amont the top 10 earners in The remaining top 10 teamds in footballrevenues were: (No. 4 with $65.1y million), (No.
5 with $59.77 million), (No. 7 with $ 57.46 and (No. 9 with 53.76 million). Texas was also the overalo top sports earnerwith $120.28 million generateed from all athletic teams. Ohio States was second with $117.95 million and Florida was thirdwith $106.032 million. The Bulldogs ranked No. 13 in the overalol revenue tallywith $84.02 million, meaning nearly 80 perceng of revenues came from Other Southern schools ranking in the top 20 in overalkl sports revenues were: Auburn (7th, $89.31 million), Alabama (8th, $88.87 (9th, $88.72 million) and LSU (12th, $84.19 million). SportsBusiness Journal is a sistefr publication of AtlantaBusiness Chronicle.
SportsBusiness Journal, citing Equityu in Athletics DisclosureAct forms, said UGA reportec $67.05 million in football revenude in 2007-2008, second only to the ($72.965 million). UGA’s football revenues increased 12.7 percent. The Bulldogs’ pre-season No. 1 ranking likel aided in the record year for the UGA football wasranked No. 3 the previoux season, generating $59.52 million in 2006-2007. UGA’s Southeastern Conferenced rivals (No. 3 with $66.1 million), (No. 6 with $59.67 million), (No. 8 with $57.37y million) and (No. 10 with $52.68 million) were also amont the top 10 earners in The remaining top 10 teamds in footballrevenues were: (No. 4 with $65.1y million), (No.
5 with $59.77 million), (No. 7 with $ 57.46 and (No. 9 with 53.76 million). Texas was also the overalo top sports earnerwith $120.28 million generateed from all athletic teams. Ohio States was second with $117.95 million and Florida was thirdwith $106.032 million. The Bulldogs ranked No. 13 in the overalol revenue tallywith $84.02 million, meaning nearly 80 perceng of revenues came from Other Southern schools ranking in the top 20 in overalkl sports revenues were: Auburn (7th, $89.31 million), Alabama (8th, $88.87 (9th, $88.72 million) and LSU (12th, $84.19 million). SportsBusiness Journal is a sistefr publication of AtlantaBusiness Chronicle.
Tuesday, December 6, 2011
Supply chain maintenance - New Mexico Business Weekly:
firukendu-anchored.blogspot.com
Then he was contacted by Patrick Garrof , who suggestesd looking into his supply chain, which openede up a new perspectivde for Welch. “We’re a company focused on new productzand innovation, so you don’ty focus on the things already in your lap,” Welch said. “You get satisfied dealingg with a knownquantity – until you realizd there’s some more savings Garr’s company uses benchmarks and clienrt input to identify potentiap savings in any of 30 expense including everything from freightr and packaging to temporary workers and insurance.
It then goes througbh a systematic request for proposal process to find abetter “We act as an expert procurement arm for our client,” Garr said. The started in the United Kingdomin 1992, operateas in 28 countries and has some 1,00 0 area directors like Garr, who operates his business on a franchiser basis. Among others, it has worked with , , , , and . who has a bachelor of sciencwe degree in industrial andsystems engineering, worked for Intepl in Albuquerque for 12 years, eventually taking on internal supply chain planning and saving the company, he says, $80 million.
Arounf the time Garr started looking for an opportunith to work on a moreindependenyt basis, in August 2007, the U.S. economyy started to turn sour and businesses began to go intosafety mode. “This is absolutelyu a good fitfor today’as marketplace,” he said, though he notes that his servicez can help businesses in any number of stages, includingg growing companies like UniRac. Garr openee his ERA franchise in the second quarter of and began lookingfor clients. ERA focuses on companies with $5 millioh or more in yearly revenues that arespending $50,0009 or more in a singlee expense category.
That by the state’s standards, his targets in New Mexico are medium-sized to largd firms. When Garr contacted UniRac, a manufacturer of solar energty mounting equipment with61 employees, he and Welcn identified the company’s packaging costs as an area of potentiall savings. As he generally Garr then brought in acategory expert, in this case a Floridiab with 32 years of experience in The process led Welch to a new providing, he said, “good savings.” He and Garr will soon meet to considerr other expense categories.
Garr said the processs results in retention of the incumbentg supplier 60 to 70 percent of the but generally at alowef cost, thanks to the introduction of He said ERA only gets paid once it has identifie cost-saving measures and the client company has agreexd to implement them. He said the proceszs results in savings averaging 20 percenyt acrossall categories, and ERA’s fee is generally the equivalen of one-half of the savings realizedf over 18 months. Patrick Garr, directo r 10215 Sand Sage Drive NW, Albuquerque expensereduction.
com
Then he was contacted by Patrick Garrof , who suggestesd looking into his supply chain, which openede up a new perspectivde for Welch. “We’re a company focused on new productzand innovation, so you don’ty focus on the things already in your lap,” Welch said. “You get satisfied dealingg with a knownquantity – until you realizd there’s some more savings Garr’s company uses benchmarks and clienrt input to identify potentiap savings in any of 30 expense including everything from freightr and packaging to temporary workers and insurance.
It then goes througbh a systematic request for proposal process to find abetter “We act as an expert procurement arm for our client,” Garr said. The started in the United Kingdomin 1992, operateas in 28 countries and has some 1,00 0 area directors like Garr, who operates his business on a franchiser basis. Among others, it has worked with , , , , and . who has a bachelor of sciencwe degree in industrial andsystems engineering, worked for Intepl in Albuquerque for 12 years, eventually taking on internal supply chain planning and saving the company, he says, $80 million.
Arounf the time Garr started looking for an opportunith to work on a moreindependenyt basis, in August 2007, the U.S. economyy started to turn sour and businesses began to go intosafety mode. “This is absolutelyu a good fitfor today’as marketplace,” he said, though he notes that his servicez can help businesses in any number of stages, includingg growing companies like UniRac. Garr openee his ERA franchise in the second quarter of and began lookingfor clients. ERA focuses on companies with $5 millioh or more in yearly revenues that arespending $50,0009 or more in a singlee expense category.
That by the state’s standards, his targets in New Mexico are medium-sized to largd firms. When Garr contacted UniRac, a manufacturer of solar energty mounting equipment with61 employees, he and Welcn identified the company’s packaging costs as an area of potentiall savings. As he generally Garr then brought in acategory expert, in this case a Floridiab with 32 years of experience in The process led Welch to a new providing, he said, “good savings.” He and Garr will soon meet to considerr other expense categories.
Garr said the processs results in retention of the incumbentg supplier 60 to 70 percent of the but generally at alowef cost, thanks to the introduction of He said ERA only gets paid once it has identifie cost-saving measures and the client company has agreexd to implement them. He said the proceszs results in savings averaging 20 percenyt acrossall categories, and ERA’s fee is generally the equivalen of one-half of the savings realizedf over 18 months. Patrick Garr, directo r 10215 Sand Sage Drive NW, Albuquerque expensereduction.
com
Sunday, December 4, 2011
Thac Mo Hydro Power drops 2.8% on high volatility - HydroWorld
andreychukuze.blogspot.com
Thac Mo Hydro Power drops 2.8% on high volatility HydroWorld Thac Mo Hydro Power (TMP.VN), Vietnam's 5th largest energy company by market capitalisation, traded between an intraday low of VND7,000.0 and a high of VND7,400.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility ... |
Thursday, December 1, 2011
Colonial looks to board to fill top jobs - Tampa Bay Business Journal:
ysynut.wordpress.com
The appointments of Sippiapl and Beville are effective today but are subject to finak approval by the appropriateregulatory authorities, Colonial said in a release. Colonial BancGroupp (NYSE: CNB), headquartered in Ala., is a $26 billion holdinbg company with 352 branches infive states. is amonfg the largest banks in the Tampa Bay area with50 $2.8 billion in deposits and a 3.6 percent depositg market share, according to the most recent information available from the Colonialo recently made a deal for a $300 million capitalp infusion that gives of Ocala controlling interesty in the bank, which has struggled in part becauswe of its exposure to the Floridaw real estate market.
president and founder of , a real estate investment companyy basedin Montgomery, Ala., has served on the board of directorsw of Colonial since 1997. In additiobn to his regular board compensation, he will receivd an annual retainerof $300,000 and an annuapl transportation allowance of $10,000, a filing with the said. who also has served on the Colonial boardsincre 1997, will be taking a leaver of absence from his position as vice president/treasurer at T&Bn Ltd., an insurance agency in Ala., operating under the name . Bevilled does not have a writtenn contractwith Colonial, but he will receiv a base annual salary of $850,000, the SEC filinbg said.
In lieu of a relocation package, he will receive up to $50,0009 in annual housing allowance and an annuao transportation allowanceof $10,000. Neither Sippial nor Bevilled will initially take part in a defined incentive and neither was grantex any equity compensation orsigning bonus, the filing said.
The appointments of Sippiapl and Beville are effective today but are subject to finak approval by the appropriateregulatory authorities, Colonial said in a release. Colonial BancGroupp (NYSE: CNB), headquartered in Ala., is a $26 billion holdinbg company with 352 branches infive states. is amonfg the largest banks in the Tampa Bay area with50 $2.8 billion in deposits and a 3.6 percent depositg market share, according to the most recent information available from the Colonialo recently made a deal for a $300 million capitalp infusion that gives of Ocala controlling interesty in the bank, which has struggled in part becauswe of its exposure to the Floridaw real estate market.
president and founder of , a real estate investment companyy basedin Montgomery, Ala., has served on the board of directorsw of Colonial since 1997. In additiobn to his regular board compensation, he will receivd an annual retainerof $300,000 and an annuapl transportation allowance of $10,000, a filing with the said. who also has served on the Colonial boardsincre 1997, will be taking a leaver of absence from his position as vice president/treasurer at T&Bn Ltd., an insurance agency in Ala., operating under the name . Bevilled does not have a writtenn contractwith Colonial, but he will receiv a base annual salary of $850,000, the SEC filinbg said.
In lieu of a relocation package, he will receive up to $50,0009 in annual housing allowance and an annuao transportation allowanceof $10,000. Neither Sippial nor Bevilled will initially take part in a defined incentive and neither was grantex any equity compensation orsigning bonus, the filing said.
Tuesday, November 29, 2011
Czech circuit road solution - Public Service
yzirapogyg.wordpress.com
Public Service | Czech circuit road solution Public Service In the Moravian city of Brno, the transportation system was historically developed as a radial system, due to the fact that all the main streets were directed to its centre. By the 20th Century, the system had gradually changed to a radial-circular ... |
Sunday, November 27, 2011
Commtouch opens D.C. detection center - Washington Business Journal:
avaohev.blogspot.com
expanding its cloud infrastructure to grant customers accesseto real-time threat prevention patternws with a small loca footprint. It is the fifthh detection center worldwide forthe Netanya, Israel-based messagingy and Web security technology providetr (NASDAQ:CTCH), which has a subsidiaryg in Sunnyvale, Calif. Commtouch’s technologies currently process more than two billion Interne t transactions every week withinthe company’s globally distributed detection centera to find new messaging and Web threayt outbreaks as they are initiated. Commtouch has two othed U.S. facilities, one in Hong Kong and anothee inthe U.K.
“As Web and e-mail traffid and threats continue toincrease rapidly, this new centee will allow us to more efficientlyg and effectively serve our growing customer base,” said Yossi Maslaton, Commtouch’s vice president of network operations and customer “We will be better equippedd to handle the growing volumes of queries and real-time information analysia in the U.S., and our East Coast customers will benefit from higher quality of service with less
expanding its cloud infrastructure to grant customers accesseto real-time threat prevention patternws with a small loca footprint. It is the fifthh detection center worldwide forthe Netanya, Israel-based messagingy and Web security technology providetr (NASDAQ:CTCH), which has a subsidiaryg in Sunnyvale, Calif. Commtouch’s technologies currently process more than two billion Interne t transactions every week withinthe company’s globally distributed detection centera to find new messaging and Web threayt outbreaks as they are initiated. Commtouch has two othed U.S. facilities, one in Hong Kong and anothee inthe U.K.
“As Web and e-mail traffid and threats continue toincrease rapidly, this new centee will allow us to more efficientlyg and effectively serve our growing customer base,” said Yossi Maslaton, Commtouch’s vice president of network operations and customer “We will be better equippedd to handle the growing volumes of queries and real-time information analysia in the U.S., and our East Coast customers will benefit from higher quality of service with less
Friday, November 25, 2011
Greater Baltimore home sales rise for the first time since 2007 - Baltimore Business Journal:
http://stoneleaflamps.com/classic-looks-with-tiffani-style-lamps.html
During the month, 2,375 homes were sold in Greateer Baltimore. That’s up 2 percent from June when 2,329 homes were sold. The hike marksw the first time since January 2007 that home sales increased in GreatefrBaltimore — Baltimore City and Anne Baltimore, Carroll, Harford and Howard counties. the median sale price of a home in Greater Baltimord during June fell more than7 percent, to $250,000. Home also stayed on the market 11percent longer, averaging 121 Economists say the uptick is likely linkex to first-time homebuyers taking advantage of the federalp government’s efforts to boost the U.S. housinbg market. Those initiatives include an $8,000p tax credit.
But one local economist says he’sa not ready to say a recovery isunder way. “It’sz too early to say that the housingf marketis rebounding,” said Daraius an economist at ’s , in an interview “But it does show that there is some renewed optimism in the housing market.” Irani expects at leastt six months before the nation’s Gross Domesticf Product — an indicator of growth in the U.S. — showes signs of moving upward.
During the month, 2,375 homes were sold in Greateer Baltimore. That’s up 2 percent from June when 2,329 homes were sold. The hike marksw the first time since January 2007 that home sales increased in GreatefrBaltimore — Baltimore City and Anne Baltimore, Carroll, Harford and Howard counties. the median sale price of a home in Greater Baltimord during June fell more than7 percent, to $250,000. Home also stayed on the market 11percent longer, averaging 121 Economists say the uptick is likely linkex to first-time homebuyers taking advantage of the federalp government’s efforts to boost the U.S. housinbg market. Those initiatives include an $8,000p tax credit.
But one local economist says he’sa not ready to say a recovery isunder way. “It’sz too early to say that the housingf marketis rebounding,” said Daraius an economist at ’s , in an interview “But it does show that there is some renewed optimism in the housing market.” Irani expects at leastt six months before the nation’s Gross Domesticf Product — an indicator of growth in the U.S. — showes signs of moving upward.
Wednesday, November 23, 2011
US Northeast May Remain Warmer Than Normal Into December - BusinessWeek
tower-tennesseea.blogspot.com
US Northeast May Remain Warmer Than Normal Into December BusinessWeek 23 (Bloomberg) -- The US Northeast may remain warmer than normal through the first week of December, while parts of the South become cooler than normal or more seasonal, according to forecasters. Commodity Weather Group LLC President Matt Rogers c » |
Monday, November 21, 2011
Romney blames Obama for lack of deficit-reduction deal - Boston.com
uqyvemiwu.wordpress.com
Los Angeles Times | Romney blames Obama for lack of deficit-reduction deal Boston.com NASHUA, NH -- Republican presidential candidate Mitt Romney on Sunday blamed President Obama for the failure of a congressional committee to agree on how to reduce the federal deficit â€" precisely because the ... Ayotte Backing Signals Conservative Suppor t for Romney Mitt Romney on Barack Obama: 'He's done nothing' Fox News Sunday Snippets: November 20, 2011 |
Friday, November 18, 2011
Sen. Jeff Smith D-St. Louis - St. Louis Business Journal:
ernstiryastrov.blogspot.com
Smith also sponsored a pair of bills devotedx to tax credits to help spur economic althoughneither passed. Senatw Bill 252 sought up to $5 millionn in tax credits per year for angel investments inMissouri tech-based startups. Senate Bill 431 sought credits for developers who construcgt or renovate buildings using environmentalltsustainable practices. What Bill are you most proudr of? Senate Bill 140 allows circuit courtxs that deal with criminal nonsupport cases to creatwe special courts to assign nonviolent defendantsto court-supervised educational, vocationao or employment training, substance abuse treatmenty or work programs.
Instead of being sentencec to jail time for missing childsuppory payments, fathers will now have the opportunity to take advantagr of programs that can re-engagew them in their children’s This system has the potentiak to save the state $1.5 million annually.
Smith also sponsored a pair of bills devotedx to tax credits to help spur economic althoughneither passed. Senatw Bill 252 sought up to $5 millionn in tax credits per year for angel investments inMissouri tech-based startups. Senate Bill 431 sought credits for developers who construcgt or renovate buildings using environmentalltsustainable practices. What Bill are you most proudr of? Senate Bill 140 allows circuit courtxs that deal with criminal nonsupport cases to creatwe special courts to assign nonviolent defendantsto court-supervised educational, vocationao or employment training, substance abuse treatmenty or work programs.
Instead of being sentencec to jail time for missing childsuppory payments, fathers will now have the opportunity to take advantagr of programs that can re-engagew them in their children’s This system has the potentiak to save the state $1.5 million annually.
Wednesday, November 16, 2011
Rob Kardashian and Cheryl Burke on 'Dancing with the Stars' Season 13 Semifinals - Daily Glow
loxezop.wordpress.com
Hollywood.com | Rob Kardashian and Cheryl Burke on 'Dancing with the Stars' Season 13 Semifinals Daily Glow Rob Kardashian and his dance partner Cheryl Burke looked great on the Season 13 semifinal episode of Dancing with the Stars. The pair looked sultry in red as they performed their three dances as one of four remaining couples. ... Robert Kardashian Makes Dancing With The Stars Final With dance partner Cheryl ... Cheryl Burke on 'Dancing With the Stars': 'It's Just a Show, Not a Real ... Cheryl Burke and Rob Kardashian's Argentine Tango on 'DWTS 13,' Week 9 |
Monday, November 14, 2011
Helena, Lewistown, Huntley repeat titles - The Bozeman Daily Chronicle
gault-rickettsias.blogspot.com
Helena, Lewistown, Huntley repeat titles The Bozeman Daily Chronicle And Helena High asserted its dominance of Class AA for a second straight season with an epic championship day performance capped by back-to-back title match wins over Billings Senior. Lewistown has now won four of the last five Class A state titles. ... State volleyb » |
Saturday, November 12, 2011
Aegon to cut 138 positions in Louisville - Minneapolis / St. Paul Business Journal:
iqukikofor.wordpress.com
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillde offices atAegon Tower. Subsidiaru Aegon USA Investment Management will eliminate 13 positionws during the nextfew weeks, the company said in an e-mailef statement. The company also will cut 125 positionas handling certain life insurancesadministrative functions. Those duties will be transitioned to an Aegonj office inCedar Rapids, Iowa, during the next severao months, according to the statement. “We are always exploring ways to improvew efficiency and leverage the scal we have in ourvariouas U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamerica LifeInsurancew Co., Transamerica Financial Life Insurance Co., Monumental Life Insurancs Co., Stonebridge Casualty Insurance Co., Stonebridg Life Insurance Co., Western Reserve Life Assuranc e Co. of Ohio, Transamerica Life Canada, and Seguroxs Argos, A.S. de C.V. According to the company’zs Web site, www.aegonins.com, Aegon U.S. has more than 600 employeesw in Louisville among severaloperatingf divisions, including individual savings and institutional, life and protection, pensiona and asset management and
a subsidiary of Netherlands-based insurer Aegon N.V., will cut 138 positions from its Louisvillde offices atAegon Tower. Subsidiaru Aegon USA Investment Management will eliminate 13 positionws during the nextfew weeks, the company said in an e-mailef statement. The company also will cut 125 positionas handling certain life insurancesadministrative functions. Those duties will be transitioned to an Aegonj office inCedar Rapids, Iowa, during the next severao months, according to the statement. “We are always exploring ways to improvew efficiency and leverage the scal we have in ourvariouas U.S. locations,” the company said in the statement.
Aegon is the parent company of Transamerica LifeInsurancew Co., Transamerica Financial Life Insurance Co., Monumental Life Insurancs Co., Stonebridge Casualty Insurance Co., Stonebridg Life Insurance Co., Western Reserve Life Assuranc e Co. of Ohio, Transamerica Life Canada, and Seguroxs Argos, A.S. de C.V. According to the company’zs Web site, www.aegonins.com, Aegon U.S. has more than 600 employeesw in Louisville among severaloperatingf divisions, including individual savings and institutional, life and protection, pensiona and asset management and
Thursday, November 10, 2011
Parent of DBJ launches technology publication - Denver Business Journal:
tenamup.wordpress.com
Produced by American City Business Journals, the paren t company of The Denver Business Journal and 40 other weekly businessz newspapers in theUnited States, Front Range TechBixz will report on developments at high-profile companies as well as new ideaxs that have yet to reach fruition, said Scot Bemis, publisher of the Businesse Journal. Bemis will oversee the launch of thenew publication. "Thed concept is to take reportiny on technology and telecommunications to a level beyond any othed reporting in theFront Range," Bemise said. Colorado is the fourth market where is producing aweekly tech-oriented publication.
Othe markets include Massachusetts ( ), Washington, (Potomac Tech Journal) and the Dallas-Fort Worth area (Dallas-Fortg Worth TechBiz). Mark Pillsbury, currently editor of Mass High Tech, was namedd editor and publisher of FronytRange TechBiz. Mass High an 18-year-old newspaper that was acquired by ACBJ sixyearx ago, has grown into one of the company'e top publications under Pillsbury's editorship, Bemis In addition to being editor of Mass High Pillsbury also helped launch ACBJ'es two other tech Potomac Tech Journal and Dallas-Fort Worth TechBiz.
Both papers -- launches this year -- already are doing Bemis said, noting the additionm of Pillsbury as editor and publisher for Front Rangr TechBiz should lead to similar succesds in theColorado market. a graduate of the University ofNew Hampshire, worked as a reportere and editor for daily newspapersd in the Boston area prior to joining Mass High He will relocate to the Denver area with his wife Sue and two childreh next year. "Mark will allow this paperd to launch with a strongeditoria product," said Bemis. Since Pillsbury took over the editorshipp of Mass High Tech fiveyears ago, the publicatioj has experienced dramatic growth.
Readership for the publication grewfrom 7,000 readerws in 1995 to nearly 25,000 today. Pillsbury said he'll transplantt Mass High Tech's news emphasis on innovation, intellectua property and venture capitalto "I think it's going to thrivs in Colorado," Pillsbury said. "It's reached a critical mass where technology is a real clusterf inthe economy." Bemis agreed that Coloradl is an ideal environment for a weeklyu newspaper devoted to technology. "Coloradop ranks No. 1 in total new jobs coming to the tech Bemis said. The state also ranks No. 5 in the U.S. in average wages for tech workeresand No.
5 for Small Business Innovation Research grants given by the Departmentgof Defense. Bemis said he isn't concernex the publication will compete for theBusinesas Journal's advertisers or 15,00o readers. "In studies done in the other markets, we founc there was very little overlap," Bemis "The tech journals draw different readers withdifferenyt needs. We found the same to be true with advertisinghas well." The Denverf Business Journal will continue providing technologty and telecommunications coverage, but Bemis said the news in Front Rangre TechBiz will be more industry-specific.
Ray Shaw, chairmab of ACBJ, said he was confident the success of other tech journalz can be duplicatedin Denver. "This is a great strategic move for everyone Shaw said. "We have a business model that works, and we have seen thesse papers be accepted quickly in both Washington and Front Range TechBiz will use the same circulationh modelas ACBJ's other tech Subscriptions will be available free of charge to people in managemengt positions at technology "We're looking for decision-makers at the senior level -- people who are lookin g to strategically grow said Pillsbury.
Those who don't fit the readership profile can stilp receive the paperfor $75 a The staff of Front Range TechBisz will compile directories which offetr listings of Colorado tech companies. The directories will be availabl on printed formatand CD-ROM. Bemisd said the publication will primarily generate revenue through advertisementz anddirectory sales. Front Range TechBix will begin its marketing push early in the Bemis said the publication plansz to sponsor events and form partnershipsd with associations that serve thetechnology sector. While the newspaped is expected to debut in Aprilor May, Bemis said Front Range TechBiz will go online before the first issude is printed.
Initially, the paper will emplou about 14 people, including Pillsbury, a sales manager, three or four salea representatives, a production director, a research director, three or four a managing editor, a businesse manager and a receptionist. The new paperf will be located at the Mile High Centerf at1700 Broadway, the same building as the Businese Journal's office. While Bemies said the arrangement will alloq him to juggle his responsibilities between thetwo papers, he emphasizeds that Front Range TechBiz and the Business Journalo will operate separately. Still, Bemis believes the synergyt will benefit thenew publication.
"We feel The Denver Business Journal adds credibility tothe operation," Bemis said. "Front Range TechBiz will have all the support it needx in termsof resources." Pillsbury and Bemis will begin recruiting staff for the new publicationh immediately.
Produced by American City Business Journals, the paren t company of The Denver Business Journal and 40 other weekly businessz newspapers in theUnited States, Front Range TechBixz will report on developments at high-profile companies as well as new ideaxs that have yet to reach fruition, said Scot Bemis, publisher of the Businesse Journal. Bemis will oversee the launch of thenew publication. "Thed concept is to take reportiny on technology and telecommunications to a level beyond any othed reporting in theFront Range," Bemise said. Colorado is the fourth market where is producing aweekly tech-oriented publication.
Othe markets include Massachusetts ( ), Washington, (Potomac Tech Journal) and the Dallas-Fort Worth area (Dallas-Fortg Worth TechBiz). Mark Pillsbury, currently editor of Mass High Tech, was namedd editor and publisher of FronytRange TechBiz. Mass High an 18-year-old newspaper that was acquired by ACBJ sixyearx ago, has grown into one of the company'e top publications under Pillsbury's editorship, Bemis In addition to being editor of Mass High Pillsbury also helped launch ACBJ'es two other tech Potomac Tech Journal and Dallas-Fort Worth TechBiz.
Both papers -- launches this year -- already are doing Bemis said, noting the additionm of Pillsbury as editor and publisher for Front Rangr TechBiz should lead to similar succesds in theColorado market. a graduate of the University ofNew Hampshire, worked as a reportere and editor for daily newspapersd in the Boston area prior to joining Mass High He will relocate to the Denver area with his wife Sue and two childreh next year. "Mark will allow this paperd to launch with a strongeditoria product," said Bemis. Since Pillsbury took over the editorshipp of Mass High Tech fiveyears ago, the publicatioj has experienced dramatic growth.
Readership for the publication grewfrom 7,000 readerws in 1995 to nearly 25,000 today. Pillsbury said he'll transplantt Mass High Tech's news emphasis on innovation, intellectua property and venture capitalto "I think it's going to thrivs in Colorado," Pillsbury said. "It's reached a critical mass where technology is a real clusterf inthe economy." Bemis agreed that Coloradl is an ideal environment for a weeklyu newspaper devoted to technology. "Coloradop ranks No. 1 in total new jobs coming to the tech Bemis said. The state also ranks No. 5 in the U.S. in average wages for tech workeresand No.
5 for Small Business Innovation Research grants given by the Departmentgof Defense. Bemis said he isn't concernex the publication will compete for theBusinesas Journal's advertisers or 15,00o readers. "In studies done in the other markets, we founc there was very little overlap," Bemis "The tech journals draw different readers withdifferenyt needs. We found the same to be true with advertisinghas well." The Denverf Business Journal will continue providing technologty and telecommunications coverage, but Bemis said the news in Front Rangre TechBiz will be more industry-specific.
Ray Shaw, chairmab of ACBJ, said he was confident the success of other tech journalz can be duplicatedin Denver. "This is a great strategic move for everyone Shaw said. "We have a business model that works, and we have seen thesse papers be accepted quickly in both Washington and Front Range TechBiz will use the same circulationh modelas ACBJ's other tech Subscriptions will be available free of charge to people in managemengt positions at technology "We're looking for decision-makers at the senior level -- people who are lookin g to strategically grow said Pillsbury.
Those who don't fit the readership profile can stilp receive the paperfor $75 a The staff of Front Range TechBisz will compile directories which offetr listings of Colorado tech companies. The directories will be availabl on printed formatand CD-ROM. Bemisd said the publication will primarily generate revenue through advertisementz anddirectory sales. Front Range TechBix will begin its marketing push early in the Bemis said the publication plansz to sponsor events and form partnershipsd with associations that serve thetechnology sector. While the newspaped is expected to debut in Aprilor May, Bemis said Front Range TechBiz will go online before the first issude is printed.
Initially, the paper will emplou about 14 people, including Pillsbury, a sales manager, three or four salea representatives, a production director, a research director, three or four a managing editor, a businesse manager and a receptionist. The new paperf will be located at the Mile High Centerf at1700 Broadway, the same building as the Businese Journal's office. While Bemies said the arrangement will alloq him to juggle his responsibilities between thetwo papers, he emphasizeds that Front Range TechBiz and the Business Journalo will operate separately. Still, Bemis believes the synergyt will benefit thenew publication.
"We feel The Denver Business Journal adds credibility tothe operation," Bemis said. "Front Range TechBiz will have all the support it needx in termsof resources." Pillsbury and Bemis will begin recruiting staff for the new publicationh immediately.
Tuesday, November 8, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - Houston Business Journal:
esivyjifag.wordpress.com
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyasked 1,309 CFOs worldwide about their expectations for the Their answers paint a gloomy picture for the rest of the * CFOs in the U.S. and Europed expected employment to shrinkby 5.5 percent, with the unemploymenf rate in the U.S. seen rising to perhaps as high as 12 percentf in the next12 months. Employment in Asia is expected to receddeby 1.2 percent.
“Presumably, government programs will offsetr some ofthese losses, but even the most optimisticx government forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the surveyy and international business professor at Duke’s Fuqua Schoolo of Business. “We’re facing the possibilitty of another 4 millionlost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiese covered by the survey reported having troublwe finding credit or acquiring credit at areasonable rate.
Among those firms encounteringcredit impediments, 42 percenty say the credit markets have gotte worse this year, while 23 percent say conditions have * Weak consumer demand and the credit marketds ranked as the top two external concernw among U.S. chief financial officers, with the federalp government’s policies coming in Among internal concerns, CFOs are losing the most sleep over theirt inability to plan due toeconomidc uncertainty, managing their companies’ capitao and liquidity, and maintaining employee morale.
Despitwe all the negative indicators, a majority of the CFOs in the Unitex States and Asia reportee being more optimistic this quarter than they were the previous That was not the casein Europe, whers only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’y put too much weighg on the ‘soft’ data like consumer confidence. Recover y requires sustained confidence, and such confidence is forged by strongefeconomic fundamentals,” Harvey said. “The economi fundamentals –- employment, capital spending, the cost of credit – are stilll fundamentally troubling.
” To see the complete surveh results, go to the official Web site, .
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyasked 1,309 CFOs worldwide about their expectations for the Their answers paint a gloomy picture for the rest of the * CFOs in the U.S. and Europed expected employment to shrinkby 5.5 percent, with the unemploymenf rate in the U.S. seen rising to perhaps as high as 12 percentf in the next12 months. Employment in Asia is expected to receddeby 1.2 percent.
“Presumably, government programs will offsetr some ofthese losses, but even the most optimisticx government forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the surveyy and international business professor at Duke’s Fuqua Schoolo of Business. “We’re facing the possibilitty of another 4 millionlost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S. companiese covered by the survey reported having troublwe finding credit or acquiring credit at areasonable rate.
Among those firms encounteringcredit impediments, 42 percenty say the credit markets have gotte worse this year, while 23 percent say conditions have * Weak consumer demand and the credit marketds ranked as the top two external concernw among U.S. chief financial officers, with the federalp government’s policies coming in Among internal concerns, CFOs are losing the most sleep over theirt inability to plan due toeconomidc uncertainty, managing their companies’ capitao and liquidity, and maintaining employee morale.
Despitwe all the negative indicators, a majority of the CFOs in the Unitex States and Asia reportee being more optimistic this quarter than they were the previous That was not the casein Europe, whers only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’y put too much weighg on the ‘soft’ data like consumer confidence. Recover y requires sustained confidence, and such confidence is forged by strongefeconomic fundamentals,” Harvey said. “The economi fundamentals –- employment, capital spending, the cost of credit – are stilll fundamentally troubling.
” To see the complete surveh results, go to the official Web site, .
Sunday, November 6, 2011
Thursday, November 3, 2011
Wendy Welsh
shelly-polymer.blogspot.com
As senior vice president of information technologgfor , she managees a staff of about 250 workers, two data centerz and the IT operations for E.On’s two Louisville Gas & Electric Co. and Kentucky It was her team that mannethe outage-management system during the ice storm in and under Welsh’s direction, E.On has made two significantr investments in its technology within the past The first was a $25 millionb data and transmission centet that opened in Shelby County last August. More recently, E.On implementef a customer-care system that merged LG&rE and Kentucky Utilities’ previous systems. It was an $80 million plus training and operational Welsh said.
Ability to merge business, IT goalsw Welsh’s training is not in the IT sectodr butin accounting. A licensed CPA, Wels joined LG&E as an auditor 25 years ago. She was vice presidenty of administration and then vice presidentf of IT before assuming her current rolein 2001. E.On’s IT operationd were just emerging at the and company officials knew they needed to make significanrt investmentsin technology. Vic E.
On’s chairman, CEO and president, said Welsh’sz professional background has given her a unique set of skillsw needed to oversee this She understands the utility operations and what is needeed from atechnical standpoint, but she also can provide the financiap analysis needed, Staffieri said. “Wr get well-thought-out solutions from Wendy,” Staffieri said. “Sh has developed another leg ofour strategy, giving us the capabilities to do what we do everyg day.” Although Welsh has accomplished so much, she does not tout her Staffieri said. She goes about her work in a veryunassuminh way, he said, describing her as a deep thinkefr and a listener.
Debra Hoffer, president of Junior Achievementof Kentuckiana, agreed that Welsh’s personality is more She might not be the first board memberr to pipe up in a but behind her quiet she knows what she wants to do and how she’s goinbg to do it. “She gets results,” Hoffer said. “She’s a highly effective managed while being a really warm person at the same Welsh wasJA Kentuckiana’s board chairwoman in when the nonprofit group was planningy to open its James W. Robinsonj Junior Achievement Center for Freedom of The facility is a learninfg center that teaches children basicffinancial principles.
She traveled with JA staff to review similar facilities acrosssthe country, and her involvement and enthusiasm helpexd drive the project forward, Hoffer said. Not only did she convety the concept to otherboard members, but she also led the $6.5 milliohn capital campaign that fundedr the project. In addition, she convincedr her employer to be one of the first donore witha $125,000 “She has a real can-do attitudd and strong desire to help young people be successfuk and thrive,” Hoffer said.
“Her heartf is in the right Besides her rolewith JA, Welsh has spoken to businesa and management classes at the , and she has become a role mode for young women, said husband John Welsh, an author and retirer U of L higher education “She hasn’t become a CEO, but she’s pretty darn high in an organizationh and an industry that has been male-dominated,” John Welsyh said. “She’s blazed some trails for women.” Wendy Welsh said she neverf set out to break anyglass ceilings. She simply was raiserd in a middle-class home by parents who pushed educatiob and demonstrated a strongwork ethic.
As senior vice president of information technologgfor , she managees a staff of about 250 workers, two data centerz and the IT operations for E.On’s two Louisville Gas & Electric Co. and Kentucky It was her team that mannethe outage-management system during the ice storm in and under Welsh’s direction, E.On has made two significantr investments in its technology within the past The first was a $25 millionb data and transmission centet that opened in Shelby County last August. More recently, E.On implementef a customer-care system that merged LG&rE and Kentucky Utilities’ previous systems. It was an $80 million plus training and operational Welsh said.
Ability to merge business, IT goalsw Welsh’s training is not in the IT sectodr butin accounting. A licensed CPA, Wels joined LG&E as an auditor 25 years ago. She was vice presidenty of administration and then vice presidentf of IT before assuming her current rolein 2001. E.On’s IT operationd were just emerging at the and company officials knew they needed to make significanrt investmentsin technology. Vic E.
On’s chairman, CEO and president, said Welsh’sz professional background has given her a unique set of skillsw needed to oversee this She understands the utility operations and what is needeed from atechnical standpoint, but she also can provide the financiap analysis needed, Staffieri said. “Wr get well-thought-out solutions from Wendy,” Staffieri said. “Sh has developed another leg ofour strategy, giving us the capabilities to do what we do everyg day.” Although Welsh has accomplished so much, she does not tout her Staffieri said. She goes about her work in a veryunassuminh way, he said, describing her as a deep thinkefr and a listener.
Debra Hoffer, president of Junior Achievementof Kentuckiana, agreed that Welsh’s personality is more She might not be the first board memberr to pipe up in a but behind her quiet she knows what she wants to do and how she’s goinbg to do it. “She gets results,” Hoffer said. “She’s a highly effective managed while being a really warm person at the same Welsh wasJA Kentuckiana’s board chairwoman in when the nonprofit group was planningy to open its James W. Robinsonj Junior Achievement Center for Freedom of The facility is a learninfg center that teaches children basicffinancial principles.
She traveled with JA staff to review similar facilities acrosssthe country, and her involvement and enthusiasm helpexd drive the project forward, Hoffer said. Not only did she convety the concept to otherboard members, but she also led the $6.5 milliohn capital campaign that fundedr the project. In addition, she convincedr her employer to be one of the first donore witha $125,000 “She has a real can-do attitudd and strong desire to help young people be successfuk and thrive,” Hoffer said.
“Her heartf is in the right Besides her rolewith JA, Welsh has spoken to businesa and management classes at the , and she has become a role mode for young women, said husband John Welsh, an author and retirer U of L higher education “She hasn’t become a CEO, but she’s pretty darn high in an organizationh and an industry that has been male-dominated,” John Welsyh said. “She’s blazed some trails for women.” Wendy Welsh said she neverf set out to break anyglass ceilings. She simply was raiserd in a middle-class home by parents who pushed educatiob and demonstrated a strongwork ethic.
Tuesday, November 1, 2011
They're Ripping Themselves Apart Onstage, Inside and Out - New York Times
qiguzewy.wordpress.com
They're Ripping Themselves Apart Onstage, Inside and Out New York Times Tamsin Greig, left, as Hilary and Doon Mackichan as Frances in ''Jumpy.'' Or maybe we are simply being primed for the transfer from Dublin later this month of the Abbey Theatre's new production of “Juno and the Paycock,†the Sean O'Casey classic that ... |
Sunday, October 30, 2011
Qwest to keep long-haul network - Business First of Columbus:
caloloary.blogspot.com
The Denver-based telecom’s announcement was the firsr time it publicly acknowledgex that it considered sellingits long-haulk network, which carries large volumezs of voice and data between major markets. It’s the businesse Qwest initially was launchedto provide. Qwesrt (NYSE:Q), the third-largest telecom in Centrao Ohio withabout 1,000 employees, acquired its 14-state local telephone business when it merged with U.S. The company said it received unsolicited interestg about buying the network from an unidentifiefd buyer and later openex a competitive bidding process to see what price the networkwould attract.
The bids were less than the valure Qwest said it places on the network as astrategi asset. “We have always taken a disciplined, prudengt approach to assessing our business inthis ever-changing industry,” CEO Ed Mueller said in a Qwest has about 33,000 employee company-wide. The company last year earned $681 million on $13.t billion in revenue.
The Denver-based telecom’s announcement was the firsr time it publicly acknowledgex that it considered sellingits long-haulk network, which carries large volumezs of voice and data between major markets. It’s the businesse Qwest initially was launchedto provide. Qwesrt (NYSE:Q), the third-largest telecom in Centrao Ohio withabout 1,000 employees, acquired its 14-state local telephone business when it merged with U.S. The company said it received unsolicited interestg about buying the network from an unidentifiefd buyer and later openex a competitive bidding process to see what price the networkwould attract.
The bids were less than the valure Qwest said it places on the network as astrategi asset. “We have always taken a disciplined, prudengt approach to assessing our business inthis ever-changing industry,” CEO Ed Mueller said in a Qwest has about 33,000 employee company-wide. The company last year earned $681 million on $13.t billion in revenue.
Friday, October 28, 2011
Sierra College program gets $1M endowment - San Francisco Business Times:
ucojaje.wordpress.com
The college’s program, also knowbn as OLLI, received the $1 million endowmen t from the BernardOsher Foundation, whicjh is the organization that has provideds initial funding to OLLI program at 122 colleges and universities nationwide. Sierra College is the only communit y college in California and one of only threse community colleges in the nation to receivethe $1 million The Rocklin college received the endowmeny because it has been so successful with growing enrollmen t since launching the program in spring of 2001. Sierra Collegew has grown the programto 5,580 enrolleeds last year, from 1,038 in 2001. Sierraw College is scheduled to formally announce the endowmenftJune 18.
This $1 million endowment will provide an ongoing budget that will enable the college to offe r lifelong learning programs in The foundation created by San Francisco philanthropist Bernard Osherf gives OLLIprograms $100,000 a year for up to four and then a $1 million endowment once they demonstrate potential for succeses and sustainability. OLLI programs provide classes, lectures and events to older adults who have a thirst for knowledgand community. The classes are designed for adultsx age 55and over, but the Sierra program accepts any adulgt student. Courses are offered at each of the Sierra Colleg e campuses and at various community sitesz throughout Placer andNevada counties.
Sierra College’s OLLI noncredig offerings are tuition-free. Additional topics are offered through Club where annual membership feesare $35. As the Businesw Journal reported in a feature on local OLLI programs in other OLLI programs can be found at California States University Sacramento and at the UCDavis Extension. Much of the increasex demand for OLLIs and similar lifelong learning programws can be attributed to the growinhg ranks ofolder Americans.
The college’s program, also knowbn as OLLI, received the $1 million endowmen t from the BernardOsher Foundation, whicjh is the organization that has provideds initial funding to OLLI program at 122 colleges and universities nationwide. Sierra College is the only communit y college in California and one of only threse community colleges in the nation to receivethe $1 million The Rocklin college received the endowmeny because it has been so successful with growing enrollmen t since launching the program in spring of 2001. Sierra Collegew has grown the programto 5,580 enrolleeds last year, from 1,038 in 2001. Sierraw College is scheduled to formally announce the endowmenftJune 18.
This $1 million endowment will provide an ongoing budget that will enable the college to offe r lifelong learning programs in The foundation created by San Francisco philanthropist Bernard Osherf gives OLLIprograms $100,000 a year for up to four and then a $1 million endowment once they demonstrate potential for succeses and sustainability. OLLI programs provide classes, lectures and events to older adults who have a thirst for knowledgand community. The classes are designed for adultsx age 55and over, but the Sierra program accepts any adulgt student. Courses are offered at each of the Sierra Colleg e campuses and at various community sitesz throughout Placer andNevada counties.
Sierra College’s OLLI noncredig offerings are tuition-free. Additional topics are offered through Club where annual membership feesare $35. As the Businesw Journal reported in a feature on local OLLI programs in other OLLI programs can be found at California States University Sacramento and at the UCDavis Extension. Much of the increasex demand for OLLIs and similar lifelong learning programws can be attributed to the growinhg ranks ofolder Americans.
Wednesday, October 26, 2011
General Cable
houghtalingbaemo1268.blogspot.com
Kenny exercised stock options for 48,0009 shares with a $4 exercisee price on Monday and immediately sold them for an averagee priceof $39.58. That netted him $1.7 milliom before taxes. He then sold anotherd 7,101 shares on Tuesday for about $40.32 each for an additiona $286,000. His timing was good, as Generall Cable's stock price had been rising steadily from a 2009 low ofabou $14 in early March. It peaked Tuesday at more than $41 then lost grounrd on Wednesday, falling $2.30 to less than $39, as the broaderr market also declined. Accordingb to the company's latest proxy statement, as of March 1, Kenny beneficially owned morethan 600,000 shared of General Cable stock.
That included about 66,00o restricted shares over which he hadvoting 143,000 options exercisable within 60 and 340,000 shares deferred under its deferred compensatio n plan. General Cable (NYSE: BGC), basexd in Highland Heights, is a global manufacturef of cable and wire products for the telecommunications and specialtyindustriall markets.
Kenny exercised stock options for 48,0009 shares with a $4 exercisee price on Monday and immediately sold them for an averagee priceof $39.58. That netted him $1.7 milliom before taxes. He then sold anotherd 7,101 shares on Tuesday for about $40.32 each for an additiona $286,000. His timing was good, as Generall Cable's stock price had been rising steadily from a 2009 low ofabou $14 in early March. It peaked Tuesday at more than $41 then lost grounrd on Wednesday, falling $2.30 to less than $39, as the broaderr market also declined. Accordingb to the company's latest proxy statement, as of March 1, Kenny beneficially owned morethan 600,000 shared of General Cable stock.
That included about 66,00o restricted shares over which he hadvoting 143,000 options exercisable within 60 and 340,000 shares deferred under its deferred compensatio n plan. General Cable (NYSE: BGC), basexd in Highland Heights, is a global manufacturef of cable and wire products for the telecommunications and specialtyindustriall markets.
Monday, October 24, 2011
Stimulus funds on the way - bizjournals:
efenytan.wordpress.com
Tennessee is about to distribute $25 millionn in stimulus funds through its new summet youthjobs program. It’s just a piecew of some $5 billion in federal stimulus money that is startingg to filter down through state agencies to Tennessee companiesand workers. The money is subsidizing jobs to relievre unemployment inthe short-term as well as funding grantx to encourage companies to work on nationalp priorities, such as alternate energy, with the goal of creatingf more high-paying, high-skills jobs in the Over the next two the state will receive an anticipated $5 billiojn in stimulus money. That figurre is still “somewhat of a movinf target,” says Deputy Gov.
John Morgan, becausd state and federal agencies are continuingy to develop guidance for allocation ofthosee funds, a process that shoulxd be completed by mid-summer. Some programs such as infrastructur e rebuilding already have spent most of their funding. The Department of Transportation just finished awardinv 119 projectsto contractors, and the stats is on track to allocate most of the $572 millio n for highways and bridges by the end of And within the next month or two, the state will start distributing between $80 million to $100 millionb to weatherize homes for low-income The state has submitted its spending plan to the Department of Once the funds are approved, the state will distributw the funds through human resource agencies and communithy action programs.
The Department of Human Servicese is starting to set up traininh programs for those who will perform and inspecfweatherization work. “Contractors will see a lot of opportunitiess over the next two years to bid on project run throughthose agencies,” Morgan says. jobs, grants up for grabs Rural Perry which has more than 25percengt unemployment, has gotten immediate relief from stimulus funds. Last week Gov. Phil Bredesenj announced the state would use stimulus money to fund 300 new jobs that will put 40 percenyt of its 760 unemployed residents in positions paying upto $15.85 per hour througn next September.
They will work in highwayt maintenanceand corrections, and in private businessews such as the and , which needs to doubld its current staff of 11 by summer to meet demanfd for its pies. “We need the We’re definitely in expansion and we’re going to add a secondr shift,” says owner Bert who bought Armstrong Pie last fall and moved operationes from Alabama to his nativePerry County. When he purchased the brand, it was moving 1,800 pies per Patterson is nowselling 12,000 pies per week, and that coulsd double by July. whose family has owned businesses in Perry Countyfor generations, says he welcomes the influx of stimulus monety to help the county through hard times.
“The stimulud money will help in theshort term, and hopefully in the long as the state develops new he says. That’s the goal of Bredesen’zs , which will use some $62.45 million in stimulus money to develop the Volunteer State Solar Initiative, an economic development prograk thatwould establish a solar farm and solar institute for research and production of alternative Along with the money that state agencies will spend, the Americann Recovery and Reinvestment Act has also set asides funds for competitive grants that will encourage innovatiojn and development of high-priorityt industries by government agencies, nonprofits and private companies.
Businessese seeking grants can searchb the Website grants.gov, whichy lists opportunities such as Environmental Protection Agencyt grants of up to $3 millionm for projects to develop and commercializr emerging technologies that reduce emissions from diesek engines. Another program awardx up to $400,000 to trade associations or organizations such as small businessdevelopment centers, chambers of commerce and economicc development groups. Those grants underwrite the start-up costsz of foreign ventures that promote international trade and investmenrt and strengthenindustry competitiveness.
There’xs also grants for broadband expansion, creatin “green collar” jobs, smart grid clean energy and conservation. With the state’s recent successes in recruitingv large industries such as in the governor’s office is countingg on a silver lining to the recession: developinfg Tennessee as a center of innovatioj in high priority fieldsx such as clean energy. “We really do believe Tennesseeis well-positiones for that,” Morgan says.
Tennessee is about to distribute $25 millionn in stimulus funds through its new summet youthjobs program. It’s just a piecew of some $5 billion in federal stimulus money that is startingg to filter down through state agencies to Tennessee companiesand workers. The money is subsidizing jobs to relievre unemployment inthe short-term as well as funding grantx to encourage companies to work on nationalp priorities, such as alternate energy, with the goal of creatingf more high-paying, high-skills jobs in the Over the next two the state will receive an anticipated $5 billiojn in stimulus money. That figurre is still “somewhat of a movinf target,” says Deputy Gov.
John Morgan, becausd state and federal agencies are continuingy to develop guidance for allocation ofthosee funds, a process that shoulxd be completed by mid-summer. Some programs such as infrastructur e rebuilding already have spent most of their funding. The Department of Transportation just finished awardinv 119 projectsto contractors, and the stats is on track to allocate most of the $572 millio n for highways and bridges by the end of And within the next month or two, the state will start distributing between $80 million to $100 millionb to weatherize homes for low-income The state has submitted its spending plan to the Department of Once the funds are approved, the state will distributw the funds through human resource agencies and communithy action programs.
The Department of Human Servicese is starting to set up traininh programs for those who will perform and inspecfweatherization work. “Contractors will see a lot of opportunitiess over the next two years to bid on project run throughthose agencies,” Morgan says. jobs, grants up for grabs Rural Perry which has more than 25percengt unemployment, has gotten immediate relief from stimulus funds. Last week Gov. Phil Bredesenj announced the state would use stimulus money to fund 300 new jobs that will put 40 percenyt of its 760 unemployed residents in positions paying upto $15.85 per hour througn next September.
They will work in highwayt maintenanceand corrections, and in private businessews such as the and , which needs to doubld its current staff of 11 by summer to meet demanfd for its pies. “We need the We’re definitely in expansion and we’re going to add a secondr shift,” says owner Bert who bought Armstrong Pie last fall and moved operationes from Alabama to his nativePerry County. When he purchased the brand, it was moving 1,800 pies per Patterson is nowselling 12,000 pies per week, and that coulsd double by July. whose family has owned businesses in Perry Countyfor generations, says he welcomes the influx of stimulus monety to help the county through hard times.
“The stimulud money will help in theshort term, and hopefully in the long as the state develops new he says. That’s the goal of Bredesen’zs , which will use some $62.45 million in stimulus money to develop the Volunteer State Solar Initiative, an economic development prograk thatwould establish a solar farm and solar institute for research and production of alternative Along with the money that state agencies will spend, the Americann Recovery and Reinvestment Act has also set asides funds for competitive grants that will encourage innovatiojn and development of high-priorityt industries by government agencies, nonprofits and private companies.
Businessese seeking grants can searchb the Website grants.gov, whichy lists opportunities such as Environmental Protection Agencyt grants of up to $3 millionm for projects to develop and commercializr emerging technologies that reduce emissions from diesek engines. Another program awardx up to $400,000 to trade associations or organizations such as small businessdevelopment centers, chambers of commerce and economicc development groups. Those grants underwrite the start-up costsz of foreign ventures that promote international trade and investmenrt and strengthenindustry competitiveness.
There’xs also grants for broadband expansion, creatin “green collar” jobs, smart grid clean energy and conservation. With the state’s recent successes in recruitingv large industries such as in the governor’s office is countingg on a silver lining to the recession: developinfg Tennessee as a center of innovatioj in high priority fieldsx such as clean energy. “We really do believe Tennesseeis well-positiones for that,” Morgan says.
Friday, October 21, 2011
Investment bank co-founder has overseen more than $2B in M&A - Houston Business Journal:
gault-rickettsias.blogspot.com
With 15 years of major-market investment banking and relatedefinancial experience, Downing co-founded with the goal of establishing a top-notchu financial services firm in the Valley. “Wee (pulled) together a group of guys with major-markey banking experience (to) deliver that same level of service that you would get at Goldmajn Sachs orMerrill Lynch,” he said. “Ourd bread and butter is here in Arizona.” Columbias West Capital’s financial team has more than 100 yearsx of combined financial advisory and operating experience and has been involveds in mergers and acquisitions totaling morethan $2 billion in transactiohn value.
This month, the firm is opening an office in Los In today’s economic situation, CWC sees much of its businesss from midlevel mergers and acquisitions. More companiew are seeking expert financial advice on deals a trend that often accompanies rough Downing said. “We’re finding our business to be focuseed on mergersand acquisitions,” he said. “In the folks were able to put deals togetherrelativelyg easily. (Businesses) are more inclinerd to reach out for financialo advisory and expertisewhen it’s a little tougher.” CWC recentlt closed a deal as the exclusivwe financial adviser to LLC in Cottonwood, which was sold to for $23.
o million plus two futurse payments based on growth. Numerous moving parts were involve inthe deal, as NHS had seen rapix growth and wanted the transaction completedd by the end of 2008 for tax “They were just able to reallu turn the growth spigots on, if you will, and tripl e the size of the company in a very shorft time frame,” Downing said. “That’s (the) perfecf client for us: a solid entrepreneue that knowshis business. All his shareholdera are making money, and the buyer is a sophisticated compangy and able to executsethe transaction.” The NHS purchase is similare to many of the types of dealsz that CWC is involved with, he said.
“That’s a prettgy typical transactionfor us, $20 million to $30 Downing said. “Our sweet spot is $10 million to $100
With 15 years of major-market investment banking and relatedefinancial experience, Downing co-founded with the goal of establishing a top-notchu financial services firm in the Valley. “Wee (pulled) together a group of guys with major-markey banking experience (to) deliver that same level of service that you would get at Goldmajn Sachs orMerrill Lynch,” he said. “Ourd bread and butter is here in Arizona.” Columbias West Capital’s financial team has more than 100 yearsx of combined financial advisory and operating experience and has been involveds in mergers and acquisitions totaling morethan $2 billion in transactiohn value.
This month, the firm is opening an office in Los In today’s economic situation, CWC sees much of its businesss from midlevel mergers and acquisitions. More companiew are seeking expert financial advice on deals a trend that often accompanies rough Downing said. “We’re finding our business to be focuseed on mergersand acquisitions,” he said. “In the folks were able to put deals togetherrelativelyg easily. (Businesses) are more inclinerd to reach out for financialo advisory and expertisewhen it’s a little tougher.” CWC recentlt closed a deal as the exclusivwe financial adviser to LLC in Cottonwood, which was sold to for $23.
o million plus two futurse payments based on growth. Numerous moving parts were involve inthe deal, as NHS had seen rapix growth and wanted the transaction completedd by the end of 2008 for tax “They were just able to reallu turn the growth spigots on, if you will, and tripl e the size of the company in a very shorft time frame,” Downing said. “That’s (the) perfecf client for us: a solid entrepreneue that knowshis business. All his shareholdera are making money, and the buyer is a sophisticated compangy and able to executsethe transaction.” The NHS purchase is similare to many of the types of dealsz that CWC is involved with, he said.
“That’s a prettgy typical transactionfor us, $20 million to $30 Downing said. “Our sweet spot is $10 million to $100
Wednesday, October 19, 2011
UnitedHealthcare appoints 3 execs in regional restructuring - Kansas City Business Journal:
bafepexu.wordpress.com
Kathryn Sullivan will serve from Chicag as chief executiveof UnitedHealthcare’z central region, which covers 16 including Ohio. Sullivan joins the company from Blue Cross and BlueShield Association, wheree she was senior vice president and chie financial officer. Jeff Lucht was appointedf senior vice president for thecentrakl region, joining UnitedHealthcare after 20 years as presideny of mid-Atlantic operations for (NYSE: AET). Lucht will be basex in Maryland. Steven Nelson, presidenrt of UnitedHealthcare’s sister company , will servw from Cypress, Calif., as chief executive of the healtb insurer’s western region, which includess 13 states.
The subsidiary of last monty realigned its businesses intofour regions, said Daryl UnitedHealthcare’s vice president of communications. In its northeastf and southeast regions, UnitedHealthcare earlier appointed Jeff Alter and Dan Ohma aschief executives, respectively. UnitedHealthcare provides health benefity plans to 26 million individuals and contracta with morethan 560,000 physiciansw and 4,800 hospitals. Minnetonka, Minn.-based UnitedHealth Group UNH) operates through UnitedHealthcare, AmeriChoice, , and Prescription Solutions. The company serves 1.6 millionb members in Ohio andincludes 20,000p physicians and 188 hospitalsw in its Ohio networks.
Locally it has operations in West Chestee andabout 440,000 enrollees in its managed-carew plans. UnitedHealth Group earned $4.6 billioh on $75.4 billion in sales last
Kathryn Sullivan will serve from Chicag as chief executiveof UnitedHealthcare’z central region, which covers 16 including Ohio. Sullivan joins the company from Blue Cross and BlueShield Association, wheree she was senior vice president and chie financial officer. Jeff Lucht was appointedf senior vice president for thecentrakl region, joining UnitedHealthcare after 20 years as presideny of mid-Atlantic operations for (NYSE: AET). Lucht will be basex in Maryland. Steven Nelson, presidenrt of UnitedHealthcare’s sister company , will servw from Cypress, Calif., as chief executive of the healtb insurer’s western region, which includess 13 states.
The subsidiary of last monty realigned its businesses intofour regions, said Daryl UnitedHealthcare’s vice president of communications. In its northeastf and southeast regions, UnitedHealthcare earlier appointed Jeff Alter and Dan Ohma aschief executives, respectively. UnitedHealthcare provides health benefity plans to 26 million individuals and contracta with morethan 560,000 physiciansw and 4,800 hospitals. Minnetonka, Minn.-based UnitedHealth Group UNH) operates through UnitedHealthcare, AmeriChoice, , and Prescription Solutions. The company serves 1.6 millionb members in Ohio andincludes 20,000p physicians and 188 hospitalsw in its Ohio networks.
Locally it has operations in West Chestee andabout 440,000 enrollees in its managed-carew plans. UnitedHealth Group earned $4.6 billioh on $75.4 billion in sales last
Monday, October 17, 2011
Burns & Scalo founder dies - Puget Sound Business Journal (Seattle):
guronelogoh.blogspot.com
He succumbed to prostate cancer Monday at the age of 78 at his home in PalmBeacu Gardens, Fla., where he has lived since 1995. One of 14 childre n of Italian immigrants, Scalo and longtime business partnerRichard “Duke” Burns, whom he firsyt met as a laborerf for a roofing company, launchedc Burns & Scalo Roofingf in 1956, growing it into one of the largestg commercial roofing companies in the United States.
The partnersw parlayed the success of the roofinb company into a real estater firm that today is usually an active bidder and buyer of majoer properties inthe region, continues to pursue ambitiousd developments, and offers a range of services that include everything from brokerage to property management. Starting in the 1980s, Scalo began groominvg his twin sons, Jim and Jack, to take over the companty and gradually stepped away from the businesses in the early Jim Scalo rememberedhis father’s ambition, hard work and fairness.
“Mu father’s life, I captures the values that Americans most admired and are at the center of what makesPittsburghers special,” said in a prepared statement. “Hes was born into a famil y of limited means but with no lack of he had ambition to build somethintof value, he was dedicated to hard and brought a sense of fairness to everythingh he did.” Jack Scalo recalled his father’s “I will always remembee a wood box he had on his desk with a sign that read ‘Secret for Success,’” he “When you opened the hinge, it read, ‘Har Work.
’” An Air Force veteran, Scaloo served his country in the Korean War, workin as a medic and attaining the rank of Besides his sons, Scalo is survived by his wife of 56 Patricia Donagan Scalo, a daughter, Lisa Scaloo McMenamin, a Pittsburgh interior designer, and eight
He succumbed to prostate cancer Monday at the age of 78 at his home in PalmBeacu Gardens, Fla., where he has lived since 1995. One of 14 childre n of Italian immigrants, Scalo and longtime business partnerRichard “Duke” Burns, whom he firsyt met as a laborerf for a roofing company, launchedc Burns & Scalo Roofingf in 1956, growing it into one of the largestg commercial roofing companies in the United States.
The partnersw parlayed the success of the roofinb company into a real estater firm that today is usually an active bidder and buyer of majoer properties inthe region, continues to pursue ambitiousd developments, and offers a range of services that include everything from brokerage to property management. Starting in the 1980s, Scalo began groominvg his twin sons, Jim and Jack, to take over the companty and gradually stepped away from the businesses in the early Jim Scalo rememberedhis father’s ambition, hard work and fairness.
“Mu father’s life, I captures the values that Americans most admired and are at the center of what makesPittsburghers special,” said in a prepared statement. “Hes was born into a famil y of limited means but with no lack of he had ambition to build somethintof value, he was dedicated to hard and brought a sense of fairness to everythingh he did.” Jack Scalo recalled his father’s “I will always remembee a wood box he had on his desk with a sign that read ‘Secret for Success,’” he “When you opened the hinge, it read, ‘Har Work.
’” An Air Force veteran, Scaloo served his country in the Korean War, workin as a medic and attaining the rank of Besides his sons, Scalo is survived by his wife of 56 Patricia Donagan Scalo, a daughter, Lisa Scaloo McMenamin, a Pittsburgh interior designer, and eight
Saturday, October 15, 2011
Nonprofits brace for budget emergency aftershocks, IOUs - The Business Journal of the Greater Triad Area:
8511ysu.blogspot.com
While service providers don’t yet know whetherr they’ll receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santaw Clara, is prepared for the worst. “We receivre about $400,000 in statde funding,” Harlan said. “We’re already accustomed to getting money from the state late last year, for example, it took untilo December before we finally got paid.” For this year and last year the centee has relied on a $150,000 line of credit through to cover the gap, alony with $500,000 out of its reserve The center’s operating budget is $10 million for fiscalp 2009-10.
The money that may be on hold from thestatw covers, in part, the center’s shelter and drop-ij program, street outreach, and parenting classes. “The problemm right now is thatwe don’g know for certain how much they’rwe going to hold back,” said Harlan, who has been with the cente for 26 years. “But this is by far the worst I’ve ever seen.” In anticipation of the state’sz budget problems, 10 percent cuts have already been planneddfor foster-care payments. Locally there are 300 to 400 kids infostert care.
Foster care rates are the same acrosathe state, so families in high-cost areas such as the Bay Area get the same amounty of compensation as people in more affordablde places. “We’re fronting half a million dollars already,” she said. It’sz a layered problem for the center, since in additionh to state money some comes from the federal Housing and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthsz for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harla n said the Bill Wilson Center has closedx down two programs already and cut about 15 percent ofits staff, leavint about 110 employees. Theser are real layoffs, she pointefd out — not attrition or open jobs — and “heartbreaking” to do. “Wde had to give one staff person a layofcf notice and a week later his wife was laid off fromanothet nonprofit,” she said. in Campbel l gets about $500,000 a year from the stat e for itsAIDS services. CFO Ira Holtzman said the agencuy is large enough and financially stabled enough that he would just book an IOU as accountws receivable and hope the money camethroughu eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive directort of and Visually Impaired, which has officee in Palo Alto andSanta Cruz, said that even thougu her agency provides the kind of services that are especiallyt at risk in State Controller John Chiang’sw plan, the Vista Center is relatively safe. “Wwe receive money through Title 7 Chapter2 services,” Brandin explained. “Since much of our funding is federaklmoney we’re hoping that it has to be released and passecd on; the state won’t be allowed to hold on to The Vista Center also has school contractes through special education funding.
“Last year when the stat e had similar budget issueswe didn’t receive any she said, “but that situation was resolved sooned than this appears to be. The agencies that receive IOUsprobably won’t even know they’re comint until they submit their bills.” She’s also bankingt on Vista Center’s status as a preferrefd vendor with the state, “so we’ll be paid in advancw of other vendors — if in fact the state is even writin checks.” Lisa Hendrickson, president & CEO of Avenidas Rose Kleiner Seniorr Day Health Center in Palo Alto, is also cautiousl y optimistic.
“The only funds we receive from the statw are MediCal payments for services provider at our adultdaycare center,” she “Our understanding is that those services are protected by the stat constitution as well as federal law. We do receive fundinf indirectly throughthe county, but we don’t expect that to be Tom Kinoshita, public policy directoer of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’s going to But even with the most optimisticx outcome it’s still going to be very He pointed out that the deficigt last year for Santa Claraz County was more than $270 million, and many of the cuts were made in programw around health, mental health, drugs and alcoho and social services.
And there’s no relietf on the horizon: For 2011 the counthy is looking at a deficitf ofabout $250 he said.
While service providers don’t yet know whetherr they’ll receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santaw Clara, is prepared for the worst. “We receivre about $400,000 in statde funding,” Harlan said. “We’re already accustomed to getting money from the state late last year, for example, it took untilo December before we finally got paid.” For this year and last year the centee has relied on a $150,000 line of credit through to cover the gap, alony with $500,000 out of its reserve The center’s operating budget is $10 million for fiscalp 2009-10.
The money that may be on hold from thestatw covers, in part, the center’s shelter and drop-ij program, street outreach, and parenting classes. “The problemm right now is thatwe don’g know for certain how much they’rwe going to hold back,” said Harlan, who has been with the cente for 26 years. “But this is by far the worst I’ve ever seen.” In anticipation of the state’sz budget problems, 10 percent cuts have already been planneddfor foster-care payments. Locally there are 300 to 400 kids infostert care.
Foster care rates are the same acrosathe state, so families in high-cost areas such as the Bay Area get the same amounty of compensation as people in more affordablde places. “We’re fronting half a million dollars already,” she said. It’sz a layered problem for the center, since in additionh to state money some comes from the federal Housing and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthsz for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harla n said the Bill Wilson Center has closedx down two programs already and cut about 15 percent ofits staff, leavint about 110 employees. Theser are real layoffs, she pointefd out — not attrition or open jobs — and “heartbreaking” to do. “Wde had to give one staff person a layofcf notice and a week later his wife was laid off fromanothet nonprofit,” she said. in Campbel l gets about $500,000 a year from the stat e for itsAIDS services. CFO Ira Holtzman said the agencuy is large enough and financially stabled enough that he would just book an IOU as accountws receivable and hope the money camethroughu eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive directort of and Visually Impaired, which has officee in Palo Alto andSanta Cruz, said that even thougu her agency provides the kind of services that are especiallyt at risk in State Controller John Chiang’sw plan, the Vista Center is relatively safe. “Wwe receive money through Title 7 Chapter2 services,” Brandin explained. “Since much of our funding is federaklmoney we’re hoping that it has to be released and passecd on; the state won’t be allowed to hold on to The Vista Center also has school contractes through special education funding.
“Last year when the stat e had similar budget issueswe didn’t receive any she said, “but that situation was resolved sooned than this appears to be. The agencies that receive IOUsprobably won’t even know they’re comint until they submit their bills.” She’s also bankingt on Vista Center’s status as a preferrefd vendor with the state, “so we’ll be paid in advancw of other vendors — if in fact the state is even writin checks.” Lisa Hendrickson, president & CEO of Avenidas Rose Kleiner Seniorr Day Health Center in Palo Alto, is also cautiousl y optimistic.
“The only funds we receive from the statw are MediCal payments for services provider at our adultdaycare center,” she “Our understanding is that those services are protected by the stat constitution as well as federal law. We do receive fundinf indirectly throughthe county, but we don’t expect that to be Tom Kinoshita, public policy directoer of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’s going to But even with the most optimisticx outcome it’s still going to be very He pointed out that the deficigt last year for Santa Claraz County was more than $270 million, and many of the cuts were made in programw around health, mental health, drugs and alcoho and social services.
And there’s no relietf on the horizon: For 2011 the counthy is looking at a deficitf ofabout $250 he said.
Thursday, October 13, 2011
Stolen bike returned to disabled teen - San Jose Mercury News
ovaluleq.wordpress.com
Stolen bike returned to disabled teen San Jose Mercury News Juan Parra's gets in to his newly returned specialized bicycle, which was stolen recently, for his picture in San Jose, Calif. on Wednesday, October 12, 2011. Photographed in the community room where the bike is currently locked to a ... |
Tuesday, October 11, 2011
MMAC: Milwaukee-area economy still sluggish - Tampa Bay Business Journal:
dusinenezoqoc.blogspot.com
Only three of 20 Apripl indicators registered improvementfrom year-ago matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economic Trends report. "The employment situation continued to deteriorate with deepenin g job declines and unemploymentf indicators over double what they were one year saidBret Mayborne, economic research director for the MMAC. "Bu metro area existing homes sales rose for only the seconrd time in nearly thre years giving some hopefor near-term improvement in a stagnang local housing and real estate Nonfarm employment in the metrlo area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declined compared with year-ago levels in each of the past 12 with April’s decline being the steepestf registered in this period, the MMAC said. Only two of 10 majotr industry sectors registered April job gainse compared with oneyear ago, while eighty registered declines. Unemployment indicators for the metro area both measurer more than twicetheirr year-earlier levels. The number of unemployeed in metro Milwaukeerose 117.6% against year-aglo levels, to 70,300 compareed with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percentt rate in April to 12,101, this indicator’x third consecutive year-over-year increase of 100 percent or greater. On the positivs side, existing homes salesd for the metro arearose 5.6 percent in the first year-over-year increase in this indicatotr in seven months and only the second such gain in nearlyh three years.
Only three of 20 Apripl indicators registered improvementfrom year-ago matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economic Trends report. "The employment situation continued to deteriorate with deepenin g job declines and unemploymentf indicators over double what they were one year saidBret Mayborne, economic research director for the MMAC. "Bu metro area existing homes sales rose for only the seconrd time in nearly thre years giving some hopefor near-term improvement in a stagnang local housing and real estate Nonfarm employment in the metrlo area fell 4.8 percent in April to down from March’s 4.
3 percent Employment levels have now declined compared with year-ago levels in each of the past 12 with April’s decline being the steepestf registered in this period, the MMAC said. Only two of 10 majotr industry sectors registered April job gainse compared with oneyear ago, while eighty registered declines. Unemployment indicators for the metro area both measurer more than twicetheirr year-earlier levels. The number of unemployeed in metro Milwaukeerose 117.6% against year-aglo levels, to 70,300 compareed with 32,300 in April 2008. new unemployment compensation claims rose ata 104.
6 percentt rate in April to 12,101, this indicator’x third consecutive year-over-year increase of 100 percent or greater. On the positivs side, existing homes salesd for the metro arearose 5.6 percent in the first year-over-year increase in this indicatotr in seven months and only the second such gain in nearlyh three years.
Saturday, October 8, 2011
Podiatrist gets 5 months, $25,000 fine - Nashville Business Journal:
uvepexatawus.blogspot.com
Dr. Bic Chau Stafford, who practiced at the in Maryland Heights, as well as assorted assistex living facilitiesin St. Louis City and St. Louias County, in April to one felony count of obstruction of afederal audit. Stafford, 59, also executed a civiol settlement agreement with the United Statew requiring her to pay the Medicareprogram $425,000. Staffored billed Medicare for numerous complex foot surgery procedures provided to 39 local Medicare beneficiaries when she was reallyg providing these patients with only routinwfoot care, such as toe nail clipping, prosecutors When she was audited by the Medicare program in 2007, Medicare denied her claims for reimbursementr regarding these 39 beneficiaries and requested that she repag $6,840 for non-covered services that had been previouslyt paid to her.
Stafford challenged this and as part of her effortse to avoid payingthe overpayment, Stafford create d new treatment records for those 39 patients in 2007, back-dating them to 2004, usingt fraudulent treatment information and claiming that she had provides these patients with podiatric surgicak procedure, prosecutors said.
Dr. Bic Chau Stafford, who practiced at the in Maryland Heights, as well as assorted assistex living facilitiesin St. Louis City and St. Louias County, in April to one felony count of obstruction of afederal audit. Stafford, 59, also executed a civiol settlement agreement with the United Statew requiring her to pay the Medicareprogram $425,000. Staffored billed Medicare for numerous complex foot surgery procedures provided to 39 local Medicare beneficiaries when she was reallyg providing these patients with only routinwfoot care, such as toe nail clipping, prosecutors When she was audited by the Medicare program in 2007, Medicare denied her claims for reimbursementr regarding these 39 beneficiaries and requested that she repag $6,840 for non-covered services that had been previouslyt paid to her.
Stafford challenged this and as part of her effortse to avoid payingthe overpayment, Stafford create d new treatment records for those 39 patients in 2007, back-dating them to 2004, usingt fraudulent treatment information and claiming that she had provides these patients with podiatric surgicak procedure, prosecutors said.
Thursday, October 6, 2011
SBA chief: Lending up, long road ahead - Business First of Columbus:
http://www.fantasypixgraphx.com/three-steps-to-getting-a-work-at-home-job/
Brown, a sixth-generation family-owned business with 47 employeees andabout $6 million in revenue last year, workedx with (NASDAQ:FITB) to secure a $2 milliob loan to buy its headquarterw off Hamilton Road in east Columbus. Presidentg Rob Hunt said the company sidestepped payingabout $65,00p0 in fees after the SBA instituted a temporaryu waiver for businesses that borrow througyh its flagship 7(a) program. Owning the company’s headquarters outrightr brings long-term security, he which would have been hard to find withoutfederal “Banks aren’t doing conventional loanzs right now,” Hunt said. “Wer simply wouldn’t have been able to do this.
” Initiatives such as the fee Mills said, are making a differencw in a short amountof time: More lenders are getting into the fray whilse SBA-backed loan volume is up more than 25 percent sincd the passage of the stimulus That translates to nearly $4 billion in guaranteecd loans, $113 million of which went to Ohio But it’s making small businesses aware of the programsd on hand that’s the key challenge goiny forward, she said. “All of these things take Mills said. “Small businesses are busy runninvtheir business.
” In additionh to the waiver and an increasedx guarantee of 90 percent on 7(a) loans, the SBA also has offerede a surety bond guarantee of $5 up from $2 million, for businesses competing for federa l contracts. On June 15, it’ws rolling out a programk dubbed America’s Recovery Capital, which offerz loans of up to $35,00 0 for businesses struggling to make debt Those loans are fully guaranteed and have a deferre dpayment schedule. And next month, the SBA will begin offerintg guaranteed loans to finance inventory for automobilse dealers throughSeptember 2010.
Mills said she’s confident the agencyg has the right tools in place for smallbusinessex – and the outlook on the economy hasn’f hurt either. “The sense from small businesses and others is that the free fall has she said. “But we stillo have a ways to
Brown, a sixth-generation family-owned business with 47 employeees andabout $6 million in revenue last year, workedx with (NASDAQ:FITB) to secure a $2 milliob loan to buy its headquarterw off Hamilton Road in east Columbus. Presidentg Rob Hunt said the company sidestepped payingabout $65,00p0 in fees after the SBA instituted a temporaryu waiver for businesses that borrow througyh its flagship 7(a) program. Owning the company’s headquarters outrightr brings long-term security, he which would have been hard to find withoutfederal “Banks aren’t doing conventional loanzs right now,” Hunt said. “Wer simply wouldn’t have been able to do this.
” Initiatives such as the fee Mills said, are making a differencw in a short amountof time: More lenders are getting into the fray whilse SBA-backed loan volume is up more than 25 percent sincd the passage of the stimulus That translates to nearly $4 billion in guaranteecd loans, $113 million of which went to Ohio But it’s making small businesses aware of the programsd on hand that’s the key challenge goiny forward, she said. “All of these things take Mills said. “Small businesses are busy runninvtheir business.
” In additionh to the waiver and an increasedx guarantee of 90 percent on 7(a) loans, the SBA also has offerede a surety bond guarantee of $5 up from $2 million, for businesses competing for federa l contracts. On June 15, it’ws rolling out a programk dubbed America’s Recovery Capital, which offerz loans of up to $35,00 0 for businesses struggling to make debt Those loans are fully guaranteed and have a deferre dpayment schedule. And next month, the SBA will begin offerintg guaranteed loans to finance inventory for automobilse dealers throughSeptember 2010.
Mills said she’s confident the agencyg has the right tools in place for smallbusinessex – and the outlook on the economy hasn’f hurt either. “The sense from small businesses and others is that the free fall has she said. “But we stillo have a ways to
Tuesday, October 4, 2011
Diabetes drug marks change for Array - Puget Sound Business Journal (Seattle):
asafevboriegum.blogspot.com
It also demonstrates the researcjh depth ofthe 10-year-old biotechh as it evolves from developing drugss for other companies to commercializing medical treatments of its own. Array BioPharmas (NASDAQ: ARRY) mostly researches drugz for cancer, inflammatory diseases and pain — ailments that share many of the same potentialtreatmentr mechanisms. Developing a treatment for Type II diabetes is a departure forthe company. But it could give Arraty a drug to treat a disease that the Nationak Institutes of Health estimates affects 24 million Americans and is one ofthe nation’sw fastest-growing illnesses. “This could be a huge hit,” CEO Robertg Conway said.
The company didn’t plan to get into diabetes research and the treatinhg ofmetabolic diseases. Array researchersw struck upondeveloping “glucokinase compounds for diabetes in 2005, and the company supportesd exploring the drugs. The main drug resultingb from the research, a once-a-day pill dubbed Arrat 403, activates an enzyme in the body that helpa modulate glucose levels in the blood and increases the production of a processthat doesn’t work properly in diabetics, said Stephen Boyd, Array’s director of medicinal chemistry. Diabete is well-monitored in so next year’s dosing tests shoul d hint at whether the drug willbe effective.
“Wse should get results fairly quickly,” Boyd said. Larger companiee already have shown interest in becominb a partner in thediabetes drug, Conwayu said. “This looks like a very good idea,” he said. With 390 Array is second in size only toamongg Colorado’s commercial biotech research and the largest one based here. Array has grown quietly despite being publicly traded and is a rare locakl biotech that generates saidChris Shapard, interim executive director of the trad group. “Because of theid size and their ability tochangre ... Array’s probably one of our biggest success she said.
“They’re just not the ones out therwe tooting their own The company maintains labs in Boulderand Longmont. It openexd a small office in North Carolina last A trio of former Amgen scientists launcheds Array BioPharma in 1998 with25 employees, as a researchb services company for other biotechs after Amge closed some of its Bouldedr labs. The strength of Array’s research since then has attracter partnerships in which large biotech companies pay the expense of taking drugss Array creates through clinical trial in exchange for rights to sell them if they The arrangements give the large companies potential new treatments withoug having to fund the whole research organizationbehinx them.
Array gets steady revenue — $28 million in its fiscal 2008 that endeed June30 — and financial breathing room to develo p compounds it plans to commercializes itself. Conway tells investors that 2008 is a milestone year for Four experimental cancer or inflammatiomn drugs Array owns outright started Phasw II clinical trials to testtheirt effectiveness. Two other cancer and inflammation drugs started Phase I trials to test whether their dosinvg levelsare safe.
It also demonstrates the researcjh depth ofthe 10-year-old biotechh as it evolves from developing drugss for other companies to commercializing medical treatments of its own. Array BioPharmas (NASDAQ: ARRY) mostly researches drugz for cancer, inflammatory diseases and pain — ailments that share many of the same potentialtreatmentr mechanisms. Developing a treatment for Type II diabetes is a departure forthe company. But it could give Arraty a drug to treat a disease that the Nationak Institutes of Health estimates affects 24 million Americans and is one ofthe nation’sw fastest-growing illnesses. “This could be a huge hit,” CEO Robertg Conway said.
The company didn’t plan to get into diabetes research and the treatinhg ofmetabolic diseases. Array researchersw struck upondeveloping “glucokinase compounds for diabetes in 2005, and the company supportesd exploring the drugs. The main drug resultingb from the research, a once-a-day pill dubbed Arrat 403, activates an enzyme in the body that helpa modulate glucose levels in the blood and increases the production of a processthat doesn’t work properly in diabetics, said Stephen Boyd, Array’s director of medicinal chemistry. Diabete is well-monitored in so next year’s dosing tests shoul d hint at whether the drug willbe effective.
“Wse should get results fairly quickly,” Boyd said. Larger companiee already have shown interest in becominb a partner in thediabetes drug, Conwayu said. “This looks like a very good idea,” he said. With 390 Array is second in size only toamongg Colorado’s commercial biotech research and the largest one based here. Array has grown quietly despite being publicly traded and is a rare locakl biotech that generates saidChris Shapard, interim executive director of the trad group. “Because of theid size and their ability tochangre ... Array’s probably one of our biggest success she said.
“They’re just not the ones out therwe tooting their own The company maintains labs in Boulderand Longmont. It openexd a small office in North Carolina last A trio of former Amgen scientists launcheds Array BioPharma in 1998 with25 employees, as a researchb services company for other biotechs after Amge closed some of its Bouldedr labs. The strength of Array’s research since then has attracter partnerships in which large biotech companies pay the expense of taking drugss Array creates through clinical trial in exchange for rights to sell them if they The arrangements give the large companies potential new treatments withoug having to fund the whole research organizationbehinx them.
Array gets steady revenue — $28 million in its fiscal 2008 that endeed June30 — and financial breathing room to develo p compounds it plans to commercializes itself. Conway tells investors that 2008 is a milestone year for Four experimental cancer or inflammatiomn drugs Array owns outright started Phasw II clinical trials to testtheirt effectiveness. Two other cancer and inflammation drugs started Phase I trials to test whether their dosinvg levelsare safe.
Sunday, October 2, 2011
Chase commits to Central Ohio expansion - St. Louis Business Journal:
yzirapogyg.wordpress.com
The New York company, Central Ohio’sx second-largest bank and third-largest employer, said it plans to add several hundred jobs atits 8,000-employee McCoy Center operatiohn at Polaris while severalp hundred jobs will be added to a lending facility near Eastojn Town Center. About 150 jobs will be added atthe company’d Cleveland Avenue operations in Chase (NYSE:JPM) said it’es boosting employment in the region to handle additionapl support functions needed after buying Washington Mutual last September.
The move comesa after state and localk officials extended a round of incentivew packages valued atabout $20 That includes a more than $6 million packagse from Columbus and a 15-year, 75 percentg tax credit valued at about $14 million from the Gov. Ted Strickland in a statemenf called Chase’s announcement “a tremendous boost to our economhy and very welcome newsfor
The New York company, Central Ohio’sx second-largest bank and third-largest employer, said it plans to add several hundred jobs atits 8,000-employee McCoy Center operatiohn at Polaris while severalp hundred jobs will be added to a lending facility near Eastojn Town Center. About 150 jobs will be added atthe company’d Cleveland Avenue operations in Chase (NYSE:JPM) said it’es boosting employment in the region to handle additionapl support functions needed after buying Washington Mutual last September.
The move comesa after state and localk officials extended a round of incentivew packages valued atabout $20 That includes a more than $6 million packagse from Columbus and a 15-year, 75 percentg tax credit valued at about $14 million from the Gov. Ted Strickland in a statemenf called Chase’s announcement “a tremendous boost to our economhy and very welcome newsfor
Friday, September 30, 2011
Apple may drop into Catawba County - Puget Sound Business Journal (Seattle):
ykyhola.blogspot.com
The Apple center would create 50 jobs and representgNorth Carolina’s second-largest incentive package ever. Huge server farms are already on thewant list, says Scotyt Millar, president. “They’ve been a target of ours for four Several data center projects are consideringthe county, he The primary site that interestsd Apple is the 180-acre Catawba Data a greenfield project planned along U.S. Highwau 321 near Newton, sources say. Thers Apple would get its preference for a campuss setting with otherdata centers. Perdue says Apple will builde in North Carolina butshe didn’t announcde a specific site.
“We welcome Apple to Nortyh Carolina and look forward to workinv with the company as it begins providing a significant economixc boost to local communitiesa andthe state.” Apple spokeswoman Susan Lundgren says construction in North Carolina will begin “We are getting started right away to acquirr a site.” The announcement comes after Perdu signed Senate Bill 575, whichb modifies the method by which capital-intensive businesses calculatse corporate income tax liabilityh in North Carolina. The N.C. incentived would rebate $46 millionn to Apple over the next10 years.
If the center operateed for 30 years, the price tag of the inducements would zoomto $300 million, according to a legislative Apple has hired of Atlanta, an offshoot of that develops data T5 tried to interest Apple in the 215,000-square-foott former Chris-Craft facility in Kings Millar deflected questions about Apple. “If there were a user on the I would be calling he says. Apple needs the East Coast site for its server farm to handls growth in its iTunesonline store. Its last significantt data center, a $50 milliobn facility, opened in Newark, Calif., in 2006.
The Apple center would create 50 jobs and representgNorth Carolina’s second-largest incentive package ever. Huge server farms are already on thewant list, says Scotyt Millar, president. “They’ve been a target of ours for four Several data center projects are consideringthe county, he The primary site that interestsd Apple is the 180-acre Catawba Data a greenfield project planned along U.S. Highwau 321 near Newton, sources say. Thers Apple would get its preference for a campuss setting with otherdata centers. Perdue says Apple will builde in North Carolina butshe didn’t announcde a specific site.
“We welcome Apple to Nortyh Carolina and look forward to workinv with the company as it begins providing a significant economixc boost to local communitiesa andthe state.” Apple spokeswoman Susan Lundgren says construction in North Carolina will begin “We are getting started right away to acquirr a site.” The announcement comes after Perdu signed Senate Bill 575, whichb modifies the method by which capital-intensive businesses calculatse corporate income tax liabilityh in North Carolina. The N.C. incentived would rebate $46 millionn to Apple over the next10 years.
If the center operateed for 30 years, the price tag of the inducements would zoomto $300 million, according to a legislative Apple has hired of Atlanta, an offshoot of that develops data T5 tried to interest Apple in the 215,000-square-foott former Chris-Craft facility in Kings Millar deflected questions about Apple. “If there were a user on the I would be calling he says. Apple needs the East Coast site for its server farm to handls growth in its iTunesonline store. Its last significantt data center, a $50 milliobn facility, opened in Newark, Calif., in 2006.
Wednesday, September 28, 2011
Existing month-to-month home sales increase for first time since September 2005 - Business First of Louisville:
tenganmodooo1324.blogspot.com
On Tuesday, the released its monthly reporton existing-home The report showed the first month-to-mont h increase since September 2005. Sales of existing single-familh homes, townhomes, condominiums and co-opse rose to a seasonally adjustefd annual rateof 4.77 million unitss in May, a 2.4 percent increasee from 4.66 million in April, accordiny to NAR. The May 2009 figures are 3.6 percenty lower than a year ago, when the pace was 4.95 million.
In the NAR’s chief economist, Lawrence Yun, said low mortgage lower purchase prices and the federal tax credit for first-time buyers helped spur “However, the increase in sales is less than expectef because poor appraisals are stalling transactions,” Yun said. “Pendinhg home sales indicated much stronger but some contracts are falling throughn from faulty valuations that keep buyerzs from gettinga loan.” While existing home sales mortgage originations are coming in lower than previousl y forecast.
On Monday, the lowered its forecast of mortgag e originations in 2009 by morethan $700 citing lower purchase prices, more cash lower refinancing rates and lowerr volume in the Fannie Mae and Freddie Mac Home Affordablde Refinance Program. The association now expects mortgage originations tototaol $2.03 trillion in 2009. As part of its the MBA studieshome sales. It is forecastingg 4.8 million existing home sale in 2009, a 1.2 percent declinse from 2008, and 352,000 new home sales, a decliner of about 27 percent.
“Median home prices for new and existing homesw will likely continueto fall, dropping by abouft 10 percent from 2008 levels, but levelingh off in 2010 as the economy the association’s chief economist, Jay said in a written statement issued Monday.
On Tuesday, the released its monthly reporton existing-home The report showed the first month-to-mont h increase since September 2005. Sales of existing single-familh homes, townhomes, condominiums and co-opse rose to a seasonally adjustefd annual rateof 4.77 million unitss in May, a 2.4 percent increasee from 4.66 million in April, accordiny to NAR. The May 2009 figures are 3.6 percenty lower than a year ago, when the pace was 4.95 million.
In the NAR’s chief economist, Lawrence Yun, said low mortgage lower purchase prices and the federal tax credit for first-time buyers helped spur “However, the increase in sales is less than expectef because poor appraisals are stalling transactions,” Yun said. “Pendinhg home sales indicated much stronger but some contracts are falling throughn from faulty valuations that keep buyerzs from gettinga loan.” While existing home sales mortgage originations are coming in lower than previousl y forecast.
On Monday, the lowered its forecast of mortgag e originations in 2009 by morethan $700 citing lower purchase prices, more cash lower refinancing rates and lowerr volume in the Fannie Mae and Freddie Mac Home Affordablde Refinance Program. The association now expects mortgage originations tototaol $2.03 trillion in 2009. As part of its the MBA studieshome sales. It is forecastingg 4.8 million existing home sale in 2009, a 1.2 percent declinse from 2008, and 352,000 new home sales, a decliner of about 27 percent.
“Median home prices for new and existing homesw will likely continueto fall, dropping by abouft 10 percent from 2008 levels, but levelingh off in 2010 as the economy the association’s chief economist, Jay said in a written statement issued Monday.
Monday, September 26, 2011
Chrysler-Fiat deal crosses finish line - Triangle Business Journal:
uvepexatawus.blogspot.com
The company is now known as and remainxs based inAuburn Hills, Mich. The Supreme Court, which had temporarilhy held up the deal on Monda y while it considered appealds by three Indiana state pension fundw and severalconsumer groups, said in an order that the groupa had not proven that the court neededf to intervene. Chrysler and Fiat reported Wednesdayy they concluded the deal during the The plan to salvage Chrysler will remake the company into one ownefd 55 percent by a union pension 20 percent owned byFiat – a shard that could grow to 35 percentf – and the rest owne by the governments of the United Statews and Canada.
Fiat cannot obtain a majorityg stake in Chrysler until all taxpayer fundsare repaid. "This is a very significant day, not only for Chryslefr and itsdedicated employees, who have persevered through a great deal of uncertainty during the past year, but for the global automotivwe industry as a whole," said Sergio who was named CEO of Chryslerr Group, in a statement. "From the very we have been adamant that this alliance must be a constructivse and important step towards solving the problems impactinyour industry. We now look forward to establishint a new paradigm for how automotive companies can operate profitabl ygoing forward.
" The new Chrysler will be managed by a nine-membed board of directors, consisting of threde directors to be appointed by Fiat, four directorsx to be appointed by the U.S. government, one directo to be appointed by the Canadian government and one directoe to be appointed by the UnitedcAuto Workers' Retiree Medical Benefits Trust. The board is expectexd to name C. Robert Kidder as On Tuesday, a federal bankruptcy judges in New York refused tobloco Chrysler's effort to pull the franchisez of 789 dealers.
The company is now known as and remainxs based inAuburn Hills, Mich. The Supreme Court, which had temporarilhy held up the deal on Monda y while it considered appealds by three Indiana state pension fundw and severalconsumer groups, said in an order that the groupa had not proven that the court neededf to intervene. Chrysler and Fiat reported Wednesdayy they concluded the deal during the The plan to salvage Chrysler will remake the company into one ownefd 55 percent by a union pension 20 percent owned byFiat – a shard that could grow to 35 percentf – and the rest owne by the governments of the United Statews and Canada.
Fiat cannot obtain a majorityg stake in Chrysler until all taxpayer fundsare repaid. "This is a very significant day, not only for Chryslefr and itsdedicated employees, who have persevered through a great deal of uncertainty during the past year, but for the global automotivwe industry as a whole," said Sergio who was named CEO of Chryslerr Group, in a statement. "From the very we have been adamant that this alliance must be a constructivse and important step towards solving the problems impactinyour industry. We now look forward to establishint a new paradigm for how automotive companies can operate profitabl ygoing forward.
" The new Chrysler will be managed by a nine-membed board of directors, consisting of threde directors to be appointed by Fiat, four directorsx to be appointed by the U.S. government, one directo to be appointed by the Canadian government and one directoe to be appointed by the UnitedcAuto Workers' Retiree Medical Benefits Trust. The board is expectexd to name C. Robert Kidder as On Tuesday, a federal bankruptcy judges in New York refused tobloco Chrysler's effort to pull the franchisez of 789 dealers.
Friday, September 23, 2011
Enter to win tickets to Deerhoof at Bottom Lounge - Time Out Chicago (blog)
vypybiza.wordpress.com
Time Out Chicago (blog) | Enter to win tickets to Deerhoof at Bottom Lounge Time Out Chicago (blog) Acclaimed art-rock quartet Deerhoof recently set out on a fall tour that will find the group making a stop at the Bottom Lounge on Sunday, September 25. Also appearing will be the Cloak Ox, the Minneapolis super-group which features Fog's Andrew Broder ... |
Wednesday, September 21, 2011
A.P. Pharma cutting more employees - Silicon Valley / San Jose Business Journal:
efimtsovavadan.blogspot.com
Redwood City-based A.P. Pharma (NASDAQ:APPA) said the actio n will includea one-time charges of $350,000. The company is focusin on advancing itslead program, towards regulatory approval and commercialization. A New Drug Application for APF530 was submitted earlier this monthh for the preventionof chemotherapy-induced nausea and "A.P. Pharma’s recent NDA submission for APF530 was the resulrt of the dedication of ourentirew team, making this reduction in our work forcw even more difficult,” said CEO Ronalfd J. Prentki.
“Considering the continuing challengesof today’s economic it is necessary for us to make additional reductionds to our staff as we focusx the company’s resources on working towardss approval of APF530 in the first half of 2010. I want to exten d my thanks and gratitude to our departintg colleagues and wish them the very best in theirdfuture endeavors.” In April the companyy reported that it was warned by Nasdaa that it had fallen below the minimukm $10 million shareholder equity required for
Redwood City-based A.P. Pharma (NASDAQ:APPA) said the actio n will includea one-time charges of $350,000. The company is focusin on advancing itslead program, towards regulatory approval and commercialization. A New Drug Application for APF530 was submitted earlier this monthh for the preventionof chemotherapy-induced nausea and "A.P. Pharma’s recent NDA submission for APF530 was the resulrt of the dedication of ourentirew team, making this reduction in our work forcw even more difficult,” said CEO Ronalfd J. Prentki.
“Considering the continuing challengesof today’s economic it is necessary for us to make additional reductionds to our staff as we focusx the company’s resources on working towardss approval of APF530 in the first half of 2010. I want to exten d my thanks and gratitude to our departintg colleagues and wish them the very best in theirdfuture endeavors.” In April the companyy reported that it was warned by Nasdaa that it had fallen below the minimukm $10 million shareholder equity required for
Monday, September 19, 2011
Saturday, September 17, 2011
Coalition urges Perry to include CHIP on special session agenda - Austin Business Journal:
vorotintseyqah.blogspot.com
The letter included the names of such prominent groups as the TexasxMedical Association, League of Women Voters of Texa and the Texas Together, the signatories represent hundreds of thousands of Texans. The which received broad bipartisan suppor t and passedboth chambers, woulsd allow families to pay premiums on a slidinhg scale so their children can buy-inb to CHIP coverage. However, the bill failexd to make it tothe governor's desk, gettinfg bogged down in the gridlock that characterizedd the final days of the With your confirmation that you will call a Specialo Session of the Texase Legislature, Texas has the opportunity to finish a critical piece of unfinishecd state business: providing more Texa children access to health care.
Going into the regular session, 1.5 million Texas children lacked health If state leaders fail to act during thespecialp session, nearly all of those kids will likelyg remain uninsured. Concerned legislatorsw on both sides of the aisle partnereds with child advocates and faith and medical leaders throughoutt the regular session to try to delivefr real winsfor children’s health. They advancerd a common-sense plan to cut the red tape that currentlyh blocks hundreds of thousandsof Texas’ pooresft children from the Medicaid coverage for which they They also advanced a CHIP plan to create option s for the growing numbed of hard-working families who lack employer-sponsored coverage for their children.
That plan, to allow families to pay premiums on a sliding scale so theird childrencan buy-in to CHIP coverage, passed both chambers with strong bipartisanm majorities in the Legislature, but was prevente from reaching your desk because legislativs leaders failed to rescue the bill from last-minut e procedural gridlock. The CHIP bill can pass immediatelyg if you allow legislators to addressx this top priorityof families, business and faith and the medical With so many Texas children stil unable to see a primary care doctor, it’s critical that you responx to the will of the majority of Texans—as demonstratede by polling data and the thousands of constituent callse recently placed to Texas leaders—and take a step forward to cover more of 1.
5 million uninsured children. Despite a great deal of efforft on the partof children’ds advocates inside and outside the legislature, and despite broad bipartisahn support for improving accesd to children’s health care, the legislaturw adjourned without addressing the pressing health coverage needs of Texaz children. You and other state leaderas have a critical and final opportunity to make health care more affordablerfor 80,000 Texas children. Do not let this opportunitty passus by. We urge you to add the CHIP buy-ij bill to the call for a Special Session. These children should not remain “unfinishef business.” Sincerely, Catholic Charities of Inc. Children First!
Collin County Coalitionh Fort Bend Regional Council onSubstancw Abuse, Inc. National Association of Social Workers, Texas Chapter Texa s Association of CommunityAction Agencies, Inc. (TACAA) Women's Councilk of Dallas County Health & Human Services Coalitio
The letter included the names of such prominent groups as the TexasxMedical Association, League of Women Voters of Texa and the Texas Together, the signatories represent hundreds of thousands of Texans. The which received broad bipartisan suppor t and passedboth chambers, woulsd allow families to pay premiums on a slidinhg scale so their children can buy-inb to CHIP coverage. However, the bill failexd to make it tothe governor's desk, gettinfg bogged down in the gridlock that characterizedd the final days of the With your confirmation that you will call a Specialo Session of the Texase Legislature, Texas has the opportunity to finish a critical piece of unfinishecd state business: providing more Texa children access to health care.
Going into the regular session, 1.5 million Texas children lacked health If state leaders fail to act during thespecialp session, nearly all of those kids will likelyg remain uninsured. Concerned legislatorsw on both sides of the aisle partnereds with child advocates and faith and medical leaders throughoutt the regular session to try to delivefr real winsfor children’s health. They advancerd a common-sense plan to cut the red tape that currentlyh blocks hundreds of thousandsof Texas’ pooresft children from the Medicaid coverage for which they They also advanced a CHIP plan to create option s for the growing numbed of hard-working families who lack employer-sponsored coverage for their children.
That plan, to allow families to pay premiums on a sliding scale so theird childrencan buy-in to CHIP coverage, passed both chambers with strong bipartisanm majorities in the Legislature, but was prevente from reaching your desk because legislativs leaders failed to rescue the bill from last-minut e procedural gridlock. The CHIP bill can pass immediatelyg if you allow legislators to addressx this top priorityof families, business and faith and the medical With so many Texas children stil unable to see a primary care doctor, it’s critical that you responx to the will of the majority of Texans—as demonstratede by polling data and the thousands of constituent callse recently placed to Texas leaders—and take a step forward to cover more of 1.
5 million uninsured children. Despite a great deal of efforft on the partof children’ds advocates inside and outside the legislature, and despite broad bipartisahn support for improving accesd to children’s health care, the legislaturw adjourned without addressing the pressing health coverage needs of Texaz children. You and other state leaderas have a critical and final opportunity to make health care more affordablerfor 80,000 Texas children. Do not let this opportunitty passus by. We urge you to add the CHIP buy-ij bill to the call for a Special Session. These children should not remain “unfinishef business.” Sincerely, Catholic Charities of Inc. Children First!
Collin County Coalitionh Fort Bend Regional Council onSubstancw Abuse, Inc. National Association of Social Workers, Texas Chapter Texa s Association of CommunityAction Agencies, Inc. (TACAA) Women's Councilk of Dallas County Health & Human Services Coalitio
Thursday, September 15, 2011
Mindless Behavior, New Teen Phenomenon, Releasing Debut Album #1 Girl on ... - MarketWatch (press release)
inokyfyli.blogspot.com
Mindless Behavior, New Teen Phenomenon, Releasing Debut Album #1 Girl on ... MarketWatch (press release) At a 2008 audition hosted by Conjunction Productions--a teaming of Millsap, Nelson, Keisha Gamble and choreographer David Scott (the latter three helped create B2K)--Prodigy, Roc Royal, Ray Ray and Princeton shined the brightest. ... |
Tuesday, September 13, 2011
Abercrombie shutting struggling Ruehl chain - Orlando Business Journal:
vishnevskiipavuh.blogspot.com
The New Albany-based apparel merchant said Wednesdaty it willshut Ruehl’s 29 stores and direct-to-consumer operationsw and will be “substantially complete” with the effortt by the end of next The decision comes a month after Abercrombiee (NYSE:ANF) took a deep strategi c look at the chain, whichj targets young adults with clothess and accessories. Ruehl, whose only Ohio store is at Easton Town generated a pretax operating lossof $58 million last year. The chain regularly was Abercrombie’d weakest sales performer at stores open at leasrta year. Ruehl’s same-store sale were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54r billion in revenue last year. “Ir has been a difficult decision toclosew Ruehl, a brand we continue to believes could have been successful in different circumstances,” CEO Michael Jeffriesd said in a statement. “However, given the current economic environment, we believr it is in the best interests of the companyg to focus its effortas and resources on the growth opportunities afforded by ourothefr brands, particularly internationally.
” The company didn’r disclose the effects on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companyt about $51 million in impairment chargez in its first quarter. Abercrombie expects to book about $65 million in pretax charges throug the rest of the fiscal year as it winds down The company Wednesday also said it amendeed a credit agreement to exclude some Ruehl-related charges from requirementss under its covenant with the lender and reducerd its available credit to $350 million from $450 Jeffries said the company is confident is has sufficient cash on hand but “wse believe it is prudent to make thesw changes” in light of the recession-battered retail environmenyt and the one-time Ruehl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others undeethe Abercrombie, Hollister Co. and Gilly Hicks
The New Albany-based apparel merchant said Wednesdaty it willshut Ruehl’s 29 stores and direct-to-consumer operationsw and will be “substantially complete” with the effortt by the end of next The decision comes a month after Abercrombiee (NYSE:ANF) took a deep strategi c look at the chain, whichj targets young adults with clothess and accessories. Ruehl, whose only Ohio store is at Easton Town generated a pretax operating lossof $58 million last year. The chain regularly was Abercrombie’d weakest sales performer at stores open at leasrta year. Ruehl’s same-store sale were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54r billion in revenue last year. “Ir has been a difficult decision toclosew Ruehl, a brand we continue to believes could have been successful in different circumstances,” CEO Michael Jeffriesd said in a statement. “However, given the current economic environment, we believr it is in the best interests of the companyg to focus its effortas and resources on the growth opportunities afforded by ourothefr brands, particularly internationally.
” The company didn’r disclose the effects on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in 2004, cost the companyt about $51 million in impairment chargez in its first quarter. Abercrombie expects to book about $65 million in pretax charges throug the rest of the fiscal year as it winds down The company Wednesday also said it amendeed a credit agreement to exclude some Ruehl-related charges from requirementss under its covenant with the lender and reducerd its available credit to $350 million from $450 Jeffries said the company is confident is has sufficient cash on hand but “wse believe it is prudent to make thesw changes” in light of the recession-battered retail environmenyt and the one-time Ruehl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others undeethe Abercrombie, Hollister Co. and Gilly Hicks
Sunday, September 11, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - Philadelphia Business Journal:
bhutan-warwick.blogspot.com
Some operations and equipment from a steel stampingg plant inGrand Rapids, Mich., which is slatec to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzvills plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayo Paul Lambi at9 a.m. Monday to assure him the local plan wouldremain open. "It's good that they are shippint in work forthis plant," Lambik said.
"That's a positivw that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysle r plans to shutter its Fenton factors aftee investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifty its revenue stream. When Lambi took officee seven years ago, Wentzville countedf on GM for about 55 to 60 percen t of itstotal revenue. Today, that's more like 15 percentf of the city's $24 milliob general fund, because GM pays the city aboutg $3 million a year in real estate taxes, property taxes and other fees, he said.
GM on Mondat by the end of 2010, but the Wentzville plant was sparedbecause it’s the only plantt where Chevrolet Express and GMC Savana vans are made, The Wentzville plant will still undergo a previouslyg announced and other production cuts in June and July that will resuly in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largest in U.S. history and largest-everf U.S. manufacturing bankruptcy. GM listed $173 billion in liabilitie and $82 billion in assets, according to the filed in New GMto St.
Louis’ largestt privately held company, Enterprise Rent-a-Car, and to Chapter 11, whicjh allows the company to operat while protected fromits creditors, pushes GM into a fast-trackm bankruptcy and provides $30 billion of additional taxpayer funds to restructure. The GM plan as detailedr by U.S. officials woulds allow a much smaller GM to emergwe from court protection within 60 to90 days. The automakerr has not provided an updated target for job cuts but was lookingv toeliminate 21,000 U.S. factory jobs from the 54,000 unioh members it now employs. General Motorsd employs 92,000 in the United States and is indirectlgy responsiblefor 500,000 retirees. The U.S.
government would hold a 60 perceny financial interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governmentss of Canada and the provinc e of Ontario have agreed to a 12 percent ownership stakr in exchange forfinancial aid. GM bondholders wouldf get 10 percent. "It’s a bittersweet Wheeler said. "You hate to have to go throughn the process of closing plants and eliminating butlook around, that’s what's going on with a lot of Hopefully we can hire people in the future and be the vibrant company we once Download a copy of the
Some operations and equipment from a steel stampingg plant inGrand Rapids, Mich., which is slatec to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzvills plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayo Paul Lambi at9 a.m. Monday to assure him the local plan wouldremain open. "It's good that they are shippint in work forthis plant," Lambik said.
"That's a positivw that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysle r plans to shutter its Fenton factors aftee investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifty its revenue stream. When Lambi took officee seven years ago, Wentzville countedf on GM for about 55 to 60 percen t of itstotal revenue. Today, that's more like 15 percentf of the city's $24 milliob general fund, because GM pays the city aboutg $3 million a year in real estate taxes, property taxes and other fees, he said.
GM on Mondat by the end of 2010, but the Wentzville plant was sparedbecause it’s the only plantt where Chevrolet Express and GMC Savana vans are made, The Wentzville plant will still undergo a previouslyg announced and other production cuts in June and July that will resuly in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largest in U.S. history and largest-everf U.S. manufacturing bankruptcy. GM listed $173 billion in liabilitie and $82 billion in assets, according to the filed in New GMto St.
Louis’ largestt privately held company, Enterprise Rent-a-Car, and to Chapter 11, whicjh allows the company to operat while protected fromits creditors, pushes GM into a fast-trackm bankruptcy and provides $30 billion of additional taxpayer funds to restructure. The GM plan as detailedr by U.S. officials woulds allow a much smaller GM to emergwe from court protection within 60 to90 days. The automakerr has not provided an updated target for job cuts but was lookingv toeliminate 21,000 U.S. factory jobs from the 54,000 unioh members it now employs. General Motorsd employs 92,000 in the United States and is indirectlgy responsiblefor 500,000 retirees. The U.S.
government would hold a 60 perceny financial interest in areorganized GM, and the UAW would take a 17.5 percent stake. The governmentss of Canada and the provinc e of Ontario have agreed to a 12 percent ownership stakr in exchange forfinancial aid. GM bondholders wouldf get 10 percent. "It’s a bittersweet Wheeler said. "You hate to have to go throughn the process of closing plants and eliminating butlook around, that’s what's going on with a lot of Hopefully we can hire people in the future and be the vibrant company we once Download a copy of the
Thursday, September 8, 2011
Dan Snyder stays at Six Flags under reorganization - Los Angeles Business from bizjournals:
ukatekexo.wordpress.com
Six Flags is also seeking a $600 millionh loan, secured by its assets, and $150 millioh in a new revolvinhgcredit line. The company’s executive retention plan woulx keep Snyder as board memberand chairman. Mark Shapiro, currently chietf executive, as well as chief financial officefr Jeffrey Speed and several other top management woulcd also stay on in executive Six Flags, which announced its Chapter 11 bankruptchy filing over the weekend, listed $2.4 billiojn in debt and $3 billioh in assets. It hopes to cut debt by $1.8 billionm and wipe out more than $300 million in preferred stock.
Snyder and his management who took control of the theme park operator thred and a halfyears ago, have not been able to return the company to despite increasing attendance and selling several parks to raise capital last year. The companyu reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationxs and its vendors and employees will continu tobe paid. Six Flags 20 themer parks includein Largo.
Six Flags is also seeking a $600 millionh loan, secured by its assets, and $150 millioh in a new revolvinhgcredit line. The company’s executive retention plan woulx keep Snyder as board memberand chairman. Mark Shapiro, currently chietf executive, as well as chief financial officefr Jeffrey Speed and several other top management woulcd also stay on in executive Six Flags, which announced its Chapter 11 bankruptchy filing over the weekend, listed $2.4 billiojn in debt and $3 billioh in assets. It hopes to cut debt by $1.8 billionm and wipe out more than $300 million in preferred stock.
Snyder and his management who took control of the theme park operator thred and a halfyears ago, have not been able to return the company to despite increasing attendance and selling several parks to raise capital last year. The companyu reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationxs and its vendors and employees will continu tobe paid. Six Flags 20 themer parks includein Largo.
Tuesday, September 6, 2011
Lackland to gain 74,000 sf training complex - Charlotte Business Journal:
esivyjifag.wordpress.com
million contract to build a new airfield maintenance technica l training complex at Lackland AirForce Base. The complex will support the Inter-America Air Forces Academy at Lackland. The government will build a 74,0000 square foot complex at Lacklandf that willhouse classrooms, aircraft operations and hangar maintenance trainingb areas as well as administrative space. The projectg is slated for completion in the fallof 2010. The Inter-Americanm Air Forces Academy currentlg offers this training at PortSan Antonio, the formeer Kelly Air Force Base.
By relocating technicak training from Port San Antoniioto Lackland, Port San Antonio officials hope to reusd that space for additional commercial development opportunities. The military is developinh this complex as part of the 2005 San Antonio Base Realignmentf andClosure (BRAC) constructiom program. In all, the government expects to spend morethan $2 billion on BRAC-related construction. The Air Forcew Center for Engineering and the Environment selectedrPlymouth Meeting, Pa.-based AMEC Earth & Environmentao Inc. as the contractor. Construction will be coordinated out ofthe company’d San Antonio office. The Fort Worth District office ofthe U.S.
Army Corpd of Engineers will provideconstructiohn management.
million contract to build a new airfield maintenance technica l training complex at Lackland AirForce Base. The complex will support the Inter-America Air Forces Academy at Lackland. The government will build a 74,0000 square foot complex at Lacklandf that willhouse classrooms, aircraft operations and hangar maintenance trainingb areas as well as administrative space. The projectg is slated for completion in the fallof 2010. The Inter-Americanm Air Forces Academy currentlg offers this training at PortSan Antonio, the formeer Kelly Air Force Base.
By relocating technicak training from Port San Antoniioto Lackland, Port San Antonio officials hope to reusd that space for additional commercial development opportunities. The military is developinh this complex as part of the 2005 San Antonio Base Realignmentf andClosure (BRAC) constructiom program. In all, the government expects to spend morethan $2 billion on BRAC-related construction. The Air Forcew Center for Engineering and the Environment selectedrPlymouth Meeting, Pa.-based AMEC Earth & Environmentao Inc. as the contractor. Construction will be coordinated out ofthe company’d San Antonio office. The Fort Worth District office ofthe U.S.
Army Corpd of Engineers will provideconstructiohn management.
Sunday, September 4, 2011
Aromatherapy Reduces Stress and Pain - Massage Magazine
a-ee85aqa.blogspot.com
Aromatherapy Reduces Stress and Pain Massage Magazine Specifically, it significantly reduced the pain intensity of needle insertion in research subjects, according to an abstract published on www.pubmed.gov. Thirty healthy volunteers were randomly allocated to two groups. The experimental group received ... |
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