Monday, December 31, 2012
Zicam maker pulls products, but affirms safety - Philadelphia Business Journal:
The FDA said it received more than 130 complaints from consumerx saying they have lost their sense of smel after using the Jennifer Warren, a former school teacher who lives in Huntsville, said she lost her sense of smell after using Zican to prevent the duration of a cold a few yearxs ago, but had never complainedc to the FDA or the companyt because she figured there was no way to provs Zicam caused her anosmia. She said she doesn’t want to sue Scottsdale-baserd Matrixx (Nasdaq:MTXX) even after learning other s have had thesame experiences. “u don’t think Zicam was createdx to hurt anyone,” she said.
“We sit here and we rip and we rave aboutt all these drugs not being allowed on the The first time anythinggoes wrong, everybodg wants to go sue, sue, sue. That drives me nuts. I honestluy believe the people were trying to do somethinyg to help people not get William Hemelt, acting president and chiet operating officer of said the FDA action was taken without reviewinv research he would have been more than williny to provide. “We think the science does not supportr this allegationat all,” he said. “Quitee honestly, we would not be selling the product if we thoughg itwas unsafe.
” Zicam products use a homeopathic remedy callerd Zincum Gluconicum 2x, which meanx they require FDA Dr. Sam Benjamin, a medical doctoe with a homeopathic license, said he can’t figure out why the FDA has take n so long to deal withthe “I can think of no part of alternative medicinr that summons up more worry to conventional physicians than said Benjamin, who has a medical talk show on KTAR 92.3 FM on Saturday at 2 p.m. and 1,000 followers on “There are so many drugs around thatcausse problems, why would one event want to expose peopled to any danger.” Bretg Berty, a senior recall strategistt at Stericycle Inc. in Lake Forest, Ill.
, is comintg to Phoenix this week to meet with Matrixx officials to see if he can help the compan y withdamage control. Usually, he companies will voluntarily recall a product before the FDAgets That’s not how it happenex with Matrixx. The FDA stepped in and warned Matrixd that it had received more than 130 consumer complaints and that the companty needed to stop marketing the product until it can put a warningb label on its packaging that it could cause Over the past10 years, Berty has worke d with manufacturers to conduct about 1,300 recalls, including Vioxx. “Typically, the manufacturer will work with me priort to approaching the regulatory he said.
“The most importanyt thing for Matrixx is you can turn a seemingly awfupl situation into an opportunityif you’re judged by the publif as being part of the How swiftly do they execute that will demonstrate their concern for the public’s safety.” When the FDA sent the warning letter to Matrixx and advisee consumers not to use certain Zicajm cold remedies, on June 16, Matrixx’s stock plummeted 70 percentt to $5.78 a share. It bounced up a bit to $6.134 a day later, but nowhere near its 52-weeo high of $19.74, near its trading point beforr the FDA sent the warning For the fiscal year endedMarch 31, Matrixx reported $13.
8 million in net income on $112 million in net up from $10.4 millio in net income on $101 milliobn in net sales a year ago. Hemelr said he will be meeting with FDA regulatord to discussthe issue. He also scheduleed a conference callwith investors.
Sunday, December 30, 2012
Restaurant outlook dampens - Washington Business Journal:
A total of 60 percent of operator s saw lower May salew compared to ayear ago, while 26 percent said salesz were up. The associationb also says restaurant operators reported negativd customer traffic levelsin May, the 21st consecutive montj of traffic declines. "Despitse the softer sales outlook, restaurant operators remained relatively optimisticf that the economy will improve in the months theAssociation said. "Thirty-foudr percent of restaurant operators said they expect economic conditions to improve insix months, down slightlgy from 37 percent who reported similarly last month.
" After reachingv a 10 month high last month, the groupl says restaurant operators have scaler back plans for capital expenditures in the cominb months, with 41 percent planning to spend money on remodeling or down from 46 percent last month.
Friday, December 28, 2012
Spectrum Brands to exit Ch. 11 in August - St. Louis Business Journal:
The Atlanta-based consumer product s company said it will exit bankruptcy protection as soon as all closintg conditions to the including the closing ofthe company’sw exit financing, have been met. That will likelg be in August, the companyt said. “When we emerge, we will have reducef our subordinated debtby $840 million and eliminaterd approximately $60 million of annual cash interestg expenses for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared statement.
“We will emerges with a stronger balance sheet that will betterd position us to maintain and strengthebn our current platform and to pursuer opportunities to grow our Spectrum Brands, which has operationxs in Overland and Bridgeton, Mo., in the U.S. Bankruptcyt Court for the Western Districtof Texas, San Antonil Division on Feb. 3. It had $4.4 billionm in debt. Spectrum makes Rayovac batteries, Tetraz pet supplies, Remington shaving and groomingy and personalcare products, household insecticides and lawn and garden care products.
Sunday, December 23, 2012
CHP warns drivers on Bay Area bridges about high winds, flooding and puddles - San Jose Mercury News
NBC Bay Area | CHP warns drivers on Bay Area bridges about high winds, flooding and puddles San Jose Mercury News The California Highway Patrol is cautioning drivers crossing Bay Area bridges to watch out for high winds this afternoon. Motorists on the Bay Bridge, the Richmond-San Rafael Bridge and the Hayward-San Mateo Bridge should be particularly careful as ... CHP Warns Drivers of Flooding, Accidents on Highways |
Saturday, December 22, 2012
Fred
The Memphis-based discount retailer reported salessof $134.7 million for May, down 6 percent compared to salews of $143.4 million in May 2008. Thesre numbers include Fred’s (NASDAQ: FRED) closing 74 underperforminy stores and23 pharmacies. Excluding those stores, Fred’as sales increased 1 percent compared tolast May. Comparable store saleds in Mayrose 0.2 down compared to 3.4 perceng in the same period last For the first four fiscal months of the company reported total sales of $593.21 million, down 2.4 percent compared to $607.7u million for the same year-ago period.
However, excluding storews closed in 2008, sales from ongoing stores increasee 4 percent compared to thesame four-month period last year. On a comparable store basis, year-to-datwe sales increased 2.1 percent compared to 2.4 percenf last year. Fred’s opened one new pharmachy in May. Fred’s operates 666 discounft merchandise stores, including 24 franchised stores Shares closed down 12 centsto $14.22 per share Wednesday.
Thursday, December 20, 2012
Blu Dot expanding in Rogers, Minneapolis - Minneapolis / St. Paul Business Journal:
The company is moving its headquarters within Minneapolis and its warehouse to a vacant industrial building in The two new leasex will increaseBlu Dot’s total real estatwe square footage to about 76,000 square feet from the 46,000 square feet it has now for its headquartersx and distribution operations. The designer and manufactureer of contemporary furniture is doing well and outgrowinhits space, said CEO and presiden t John Christakos. Blu Dot has abour 60 employees acrossthe country, including abourt 35 in the Twin Cities.
About eight of its employees will move tothe high-ceiling distribution center at 13098 Georgwe Weber Drive in Rogers, which was developed last year by San Francisco-base Tim Olsen and Peter Mork, brokeras at Minnetonka-based Welsh Cos., represented Blu Dot in the industrial-leasde transaction. Mark Sims, a broker at in Minneapolis, represente AMB. Blu Dot’s headquarters and product showroom will move from its curreny location at 3236California St. N.E. in Minneapolis to about 15,000 squar feet in the Crowm Center building at 1323Tylert St. N.E., which is owned by . Its new spacse has 40-foot-high wood ceilings, with a lot of glass and no said Hillcrest PrincipalScott Tankenoff.
Blu Dot has won noticr from design periodicals, as well as big publicationws such as BusinessWeek and The NewYork Times, for furniturre that’s stylish but still affordable. That’s helpedf the company grow despite the it was profitable last year and in Christakos expects sales will grow more than 10 percenft toexceed $50 million. It sells its furniturw at independent furnituredealers nationwide. In the Twin Citiese its full line is available at Roam a furniture store at 813Glenwood Ave. N., near International Market Blu Dot opened a flagshi store in the SoHo district of New Yorklast Additionally, the company sells to some large retailerzs such as and .
Wednesday, December 19, 2012
New Bevo Mill operator picked - Puget Sound Business Journal (Seattle):
L&M co-owner Milan Manjencich said his company plan to spendbetween $250,0090 and $500,000 to renovate the Sout h St. Louis landmark. City officials picked Manjencich’s proposal over because they likedr the idea of it remaining arestaurant that’s open to the said Manjencich, the former food and beverage director at another localp landmark, the Admiral riverboat and Manjencich wants to rebuild Bevo Mill’s caterinfg business, host holiday celebrations and hold Sunday brunches starting this fall.
He’d also like to hold Friday nighty dinner dances with jazz bandxs and phase in openingv the property as a When he for the propertyin April, Manjencich said restaurateursa “dream of locations like (Bevo Mill) when you’ree in this business.” The historic restauranty in March, to find new receptionb and rehearsal dinner venues. David Gilbert and Patricko Viehmann operated the restaurant atBevo Mill, at 4749 Gravois Ave., and had leasecd the property from until when the brewer to the city for a The city then became the restaurant’sa landlord. August Busch Sr.
built the restaurant and five-story windmill in 1916 halfway between his home at and the breweryt to entertain associates and use as a privatwdining hall.
Monday, December 17, 2012
Positive news sends stocks soaring on Monday - Puget Sound Business Journal (Seattle):
percent, to 8,728 by late afternoon. The Nasdaq also was seeing an up54 points, or more than 3 to 1,828. The S&P 500 index climbecd 25.59, or 2.7 to 944.73. Manufacturing contracted slowertthan expected, construction spending rose for the seconsd consecutive month and consumer spending fell less than expecter in April, evidence the economy may be starting to pick up. A cross-sectiojn of Dayton area companies rode the wave as their stockse were upincluding (NYSE: SR), which was up 16.5 or 55 cents, to $3.88 per share in afternoonn trading. • (NYSE: AKS), up 9 percent, or to $15.59; • (NYSE: RBN), up more than 7 or $1.42, to $20.
56; • NCR), up 6 percent, or 66 to $11.40; • (NYSE: TDC), up 4.7 percent, or to $22.62; • (NYSE: RSC), up nearly 3 or 29 cents, to • (NYSE:DPL), up 2.6 percent, or 57 to $22.32; • (NYSE: JPM) up 1 or 41 cents, to $37.31. (NASDAQ: FITB) up 0.6 or 4 cents, to $6.93; and • (NYSE: USB) up 0.1 or 1 cent, to $19.21.
Saturday, December 15, 2012
Grant will help fund FCSO traffic efforts - Forsyth County News Online
Grant will help fund FCSO traffic efforts Forsyth County News Online The Forsyth County Sheriff's Office has been awarded a nearly $70,000 grant to help reduce traffic crashes, deaths and injuries. The Highway Enforcement of Aggressive Traffic, or HEAT, grant is through the Georgia Governor's Office of Highway Safety. |
Friday, December 14, 2012
SolarCity lands financing from US Bancorp - San Francisco Business Times:
The state’s largest residential installer saidWednesday it’s landed additional financinhg from Community Development Corp. for its solar leass program that will boost its installationss and help it clear its backlog of Foster City-based SolarCity informed customers in January that it wouldd delay installations for customers participating in its lease after investment bank , its largest funder, stoppeed funding the program. Most solar companies have lost accesxs to financing through the credit crunch and recession as their investords closed or lost the abilituy to use the tax credits that made solar acompelling investment.
SolarCith has continued to installk solar systems at a rate of abourt 100per month. Some of thoss included customers who paid cash for their New customers who wanted to take advantage of thesolar lease, which limits the up-front costse of having a system installeds and charges customers at a monthly rate, have had to wait up to eightr months for their systems. The funding will also allow SolarCit to continue to grow its commercial solar SolarCity installed solar systemson ’s headquartersz in Mountain View, Grace Cathedral in San Francisco and otherzs through power purchase agreements, whicuh are structured to take advantage of tax credits.
With the US Bank financinfg however, SolarCity will be able to fund those project s and residential projects from thesame fund. “Now that we have long-term visibility in solar lease and commercialo PPAs we are going to be hiring a tremendous amountfof installers,” said SolarCity CEO Lyndoj Rive. SolarCity wouldn’t disclose the size of the US Bank fund or how many installationw it could complete this The company said it sent an email to customera on its waiting list Tuesday night with instructions on finding their new projected installation dateon SolarCity’s web site.
US Bancorp Communityt Development Corporation is a division of US parent toUS Bank, the sixtjh largest commercial bank in the Unitede States. “Today’s announcement is only the beginning. We look forwardx to making additional investmentwswith SolarCity, and believe this partnership will ultimatelty enable thousands of American homeowners and businesses to adopt cleaner power and save monety on energy costs in the process,” said Darre Van’t Hof, vice president of new markets and historic investments for US Bancorp Community Development Corp.
, in a
Thursday, December 13, 2012
Finder: Expand a Folder & Its Subfolders - The Mac Observer
The Mac Observer | Finder: Expand a Folder & Its Subfolders The Mac Observer If you like using List View in the Finder, you're probably familiar with the fact that you can use the disclosure triangle next to a folder to see its contents in the current window. Here's a neat trick with that: If you Option-click that triangle ... |
Tuesday, December 11, 2012
Hanger Orthopedic gets credit rating upgrade - St. Louis Business Journal:
Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor's Ratingb Services had raised its rating on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratinbgon Hanger's senior secured debt to "BB-" from "B+;" and raisefd the senior unsecured debt rating to "B-" from "CCC+." Standardd & Poor’s outlook for Hanger is "We are extremely pleased with the S&Po upgrade especially given the current economic said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistentf performance over the last three years, solid liquidity as well as no significant near-term debt maturities.
" In its latesy quarter Hanger Orthopedic (NYSE: HGR) reportedr that net income increased 27 percent to $4.5 million as revenues increased 7 percent to $169.1 million.
Sunday, December 9, 2012
Inmark moves to Avondale from Pinson - Charlotte Business Journal:
Real estate firm said the plastidc containers and packaging companygleased 23,625 square feet of office and warehoused space at the park in Avondale. The company has been in its current locatioj in Pinson Valley for more than20 years. Jack Key of Graham represented Inmark and Brad Moffat of representedthe landlord. Grahan said broker Walter Brown has the listingg on morethan 410,000 square feet of sublease space at the Colonnad in AT&T’s vacant South Tower Radiology Associates renewed its 4,669-square-foot lease at Vestavia Centre. Brown represented the landlord inthe transaction. renewed its lease in Calerza and Decoma Modular Systems renewerd its leasein McCalla.
the two companies occupy morethan 270,000 squared feet of space in Graham & Co. The renewals were handled by Graham brokers Sonny Culp andOgdenm Deaton.
Friday, December 7, 2012
Another Apple touch-screen patent in trouble after second look - CNET (blog)
Apple Insider | Another Apple touch-screen patent in trouble after second look CNET (blog) One of Apple's broad patents covering touch-screen technology is under fire by the U.S. Patent and Trademark Office, following a re-examination. The USPTO ruled this week that » |
Thursday, December 6, 2012
House passes historic climate bill - Jacksonville Business Journal:
Congressmen David Wu, Kurt Schradere and Earl Blumenauer voted forthe bill, knownb as the American Cleanb Energy and Security Act. It is the first bill in U.S. historhy to cap carbon pollution. It also encourages developmenrt of clean energy and requires utilities to get 20 percent of thei r power from renewable sourcesby 2020. Forty-fou r Democrats voted against the bill, including Eugene Democraf Peter DeFazio. Republican Greg Walden, who representds eastern Oregon, also opposed the bill. It passed by a seven-votd margin, 219-212. “Some votes just feel and today’s was truly historic,” Blumenauer said in a statement.
“Fof the first time, Congress has taken action to rein in global warming pollution andjumpstart America’s clean energy industries.” The bill is expectedx to face a contentious debate in the
Wednesday, December 5, 2012
Jobs report sinks markets - Business Courier of Cincinnati:
The U.S. Department of Labort reported Thursday that the nationwide unemployment rate roseto 9.5 percen in June from 9.4 percent the month Economists had expected June job losses of according to MSNBC.com. The major indexes all fell by more than 2percenty Thursday. The Dow Industrial Average closed at down 2.6 percent, whiles the NASDAQ was down 2.7 percent, to and the S&P 500 fell 2.9 to 896. The Courier Greater Cincinnatij Index closedat 95.2, up less than 1 percenty from June 25. The index is up 2 percen from Jan. 2, and off 24 percent sincee Sept 30.
Only four of the Courierf index’s 39 stocks rose 30 fell and five were Most were off by less than 5 PeoplesCommunity Bancorp, a volatile penny lost 11 percent to 71 cents, while E.W. Scripps Co. closesd down 10 percent, to $1.92, on no news. Streamline Health Solutions finished highest, up about 1.5 percent to $2.84, also on no
Monday, December 3, 2012
Emeryville included in first BOE sweep to check business registrations, taxes - East Bay Business Times:
This new enhanced compliance efforty is slated to begin The first areas to get visits undef this programare Emeryville, San Jose, Sacramento, Van Torrance, Santa Ana and Perris. The BOE estimatef that over 3 percent of businesses operatinh in California do so without the appropriate permitsa or licenses that allow for collection of sales anduse tax, as well as othed taxes and fees. Non-compliancr is a part of the morethan $2 billion salesa and use tax gap, the agency Checks will begin for permits of all storefronts and other known business locationxs with seven teams going door to Registered retailers will be checkedd for appropriate permits and licenses as well as servicwe industry businesses, especially if the particular servic industry also sells taxable retail items.
The BOE collects more than $53 billion annually in taxez and fees supporting state and locakgovernment services.
Sunday, December 2, 2012
People on the Move: June 22 - Phoenix Business Journal:
Stephanie Williamson has been named director of marketiny and business development with MatrixDesignn Cos. in the Matrix Settlesz office in Arlington. in D.C. named Brian Judid senior project manager for itshospitalityu practice. Judis brings 15 years of experience managingg large hospitality projects to the CORE Most recently associatedwith , where he was the directot of capital expenditures, Judis implemented capita investment projects upwards of $70 million annually and was the lead manageer for the design and construction of numerouzs hotel projects throughout the U.S. Judid has worked with a wide range of hotelbrande including, but not limited to, Marriott, , Hyatt, , and Ritz-Carlton.
he completed the renovation to the rotunda bar and restaurant of the Philadelphia Marriott Downtown. Other recent projects include the management of the design and constructio n at the HyattCapitol Hill, JW Key Bridge Marriott, Four Seasons and Ritz-Carlton Tysons Corner. Scottg Boos , senior policy adviser to Sen. Arlen Specter, has been named the new deputy director ofthe . Boos has more than sevenn years of legislative and policy experience gained during his tenurein Specter’s office and as staf f director of the U.S. Senate Steek Caucus.
In the Senate, Boos focused on a broade range of issuesincluding manufacturing, trade, climate veterans, budget, appropriations, tax, telecom, housing, financia l services and other business-related issues. As stafgf director of the bipartisan U.S. Senate Steel Caucus, he worked to promot the health and stability of the domestic steel as well as the interestd ofits workforce. The of D.C. namef Bonnie I. Robin-Vergeer as director of the She is an experienced appellate litigator who comes to Legal Aid after nine years atLitigationm Group, where she made threew U.S.
Supreme Court arguments and numerouws others before appellate courts throughout the countruy in cases involving the First access tothe courts, and consumer health and among other issues. Prior to her position at Public she workedfor then-Sen. Josephu R. Biden Jr. on the reauthorizationh of the Violence Against Women Act in 2000 and was an associated at the law firm of LLP and a teachinb fellow at the Law Center Appellat eLitigation Clinic. The in Fairfax named Tiffant Singleton tothe organization’s newly created position of director of sociakl entrepreneurship programs.
Singleton will be responsible for overseeing the development and implementation of UNCF social entrepreneurship while engaging stakeholders to develop a multiyear strateg y for introducing a greater number of young Africa n Americans to socialentrepreneurship — the applicationn of business management practices and innovation to social reforn efforts. In addition to overseeing the desigm and implementation of UNCF social entrepreneurship Singleton will cultivate and sustainb strategic partnerships and collaborations with leading sociall entrepreneurs andtheir organizations, and organizd structured discussions with key ultimately establishing a national advisory committee of social entrepreneurs, and social venture philanthropists who can provide ongoin g guidance to UNCF.
has promoted Paul McManu s to assistantvice president. McManus, who joiner the bank in 2006, is a financiao center leader at 1470Rockvills Pike. Francis P. Nelson has been promoted to administrative vice president at . Nelson joined M&g in 1992. He is responsiblde for leading and managing a retai l sales and operations team for thePrince George’s County in Rockville has named David E. Perkinsw as its new chief technology Perkinsjoins NIHFCU’s newly appointed CEO Juli Anne Callis to lead the creditt union’s renewed focus on technologic innovation and Perkins previsouly worked at .
Over a 13-yeatr career at SECU, with the last five as CIO, accomplishments include the completion of two core implementation of new loan online banking and collection systems and the migratioj ofnew software. Cardinal Bank announced the promotions ofAndreww J. Peden to senior vice Katie L. Golden to vice president and Jamese N. Estep to assistant vice president. Pedenj will oversee the relationship management of developers and real estate with a primary focuxson acquisition, construction financing and commercial including special use properties such as golf courses and He began his lending careed at Cardinal Bank in 2000 as a credif analyst.
Golden will continue to oversee the relationship managemenf of buildersand developers, primarily in the areas of commerciapl development, project financing, acquisitions and client Golden joined Cardinal Bank in 2004 in real estatde administration and currently managezs the lending support unit for the commerciaol real estate group. Estep remains dedicated to smallpbusiness lending, SBA guaranteed lending and business Estep began his financial servicex career at Cardinal Bank in 2004 in retail lending. C. Fox Communications in Silver Spring named Tina McCormacj as senior publicrelations associate, and Julie Feldma n as public relations associate. in D.C. namex David W.
Whitmore as chiet operating officer andgeneral counsel. Whitmore comesw to Levick with more than 25 years of financial andoperationao experience. He has spent the lion’s share of his career in the communications working withpublic relations, public lobbying and advertising firms. Beforre joining Levick, Whitmore was executived vice president ofin D.C. with operationalk responsibility forthe firm’s public affairs, government crisis management, and issues management practice groups. Priofr to Racepoint, Whitmore provideds communications and management counsel to numerous clients in Dubai andAbu Dhabi.
At , Whitmore variously served as executivevice president, chief financial chief operating officer and general announced the hiring of Brian Brobst as vice president of business development in Brobst, a 20-plus year engineering and constructio industry veteran, will be charged with expandingb the firm’s presence in the high-density powedr and computing markets, inclusive of telecommunications, commercial data centerz and government agencies.
Brobst was previouslyh employed by as critical facility services Priorto that, he servedc as principal and Eastern region director of businesss development for
Saturday, December 1, 2012
Baby boomer event attracts Gail Sheehy, range of decision makers - South Florida Business Journal:
Boomers will comprise more than 27 percenyt ofthe state’s population by 2010 and more than 30 percenf by 2015, a release Presented by and sponsored by , the conferencde began Monday evening at the and continued Tuesday with a series of individual presentations and panel A session moderated by Tampa Bay Business Journak publisher Bridgette Mill focused on messagesz and strategies that speak to the boomer womanb who may be going throughu pivotal events like beginning motherhood after 40 or reinventing a Dana Wood, senior fashion features editor for , Carol a senior strategist with Vibrantg Nation, and Jane Glenn founder of WomanSage, served as panelistsz in the discussion.
At the core of the conference are the topicd ofcare giving, health and wellness, findiny meaning and purpose, and financing longevity, or maintaining a standardc of living into retirement. Other conference participantse included authorGail Sheehy, Presidentg Larry Thompson, former U.S. Commissioner of Socialp SecurityDorcas Hardy, and Matt Thornhilp and John W. Martin, co-founders of and co-authorw of business book “The Boomer Consumer.” The conferenced concluded with a closing reception and expoTuesdaty evening.
Thursday, November 29, 2012
Swaim-Staley named acting Md. transportation secretary - Minneapolis / St. Paul Business Journal:
Swaim-Staley had been deputy secretary to Porcari aftee he was named to the slotby O’Malleg in 2007. Porcari will be sworn in June 1 asthe No. 2 officiap for the . Swaim-Staley is no stranger to Maryland’ transportation needs. She also served as the transportation’s deputhy secretary for the state from 1999to 2003, whiles also serving in interikm roles at Baltimore/Washington International Thurgood Marshall Airporf and the . From 1993 to 1998, Swaim-Stale served as chief financial officer forthe .
O’Malley said in a statement Swaim-Staleyh “has the deep knowledge of along with the managementy and financial expertise that are necessary for us to move A spokesmanfor O’Malley said the governorr is still conducting interviewz for a permanent successor to Porcari. Therr is no timeline in place to fill the spokesman Shaun Adamec said inan e-mail. The “criteriza is to find the best person for the he said.
Wednesday, November 28, 2012
Bicyclists, runners to gather items for food bank - Waterloo Cedar Falls Courier
Bicyclists, runners to gather items for food bank Waterloo Cedar Falls Courier CEDAR FALLS, Iowa --- Bike Tech, Mulligan's Brick Oven Grill & Pub and the Cedar Valley Association for Soft Trails will host the fourth annual Cedar Falls Cranksgiving Saturday at Mulligan's, 205 E. 18th St. Cranksgiving is a food drive completed by ... |
Sunday, November 25, 2012
No. 3 Georgia cruises, set to play in SEC title game - ESPN
CBSSports.com | No. 3 Georgia cruises, set to play in SEC title game ESPN Aaron Murray threw two touchdown passes, Todd Gurley and Keith Marsh » |
Saturday, November 24, 2012
Weas acquires Columbia St. Mary
The price paid for the property at2025 E. Newporrt Ave. was not revealed by real estate brokersx and lawyers representingColumbia St. Mary’s and Weas Development Co. Doug president of the firm that bearhis name, was unavailable to comment on the acquisition. As , Weas is workinb in partnership with an undisclosedx nationaldevelopment firm. UWM officials plan to meet with Weas Developmenr in early June to determine specific real estatw space needs forthe university, said Tom a UWM vice chancellor of public affairs and government In February 2009, university officials were considering the Columbia St.
Mary’s property for classroom space, student housin and offices for faculty and Themedical complex, once known as Columbia Hospital priod to its merger with St. Mary’ws Hospital in the early 1990s, will closs next year when the hospitak system combines its operationsa at thenew $417 835,000-square-foot Columbia St. Mary’s hospital campus alonv East North Avenue. Columbia St. Mary’s had no commenrt on the sale ofColumbiqa Hospital, according to Gregory the hospital’s director of marketingb and sales.
Thursday, November 22, 2012
Wednesday, November 21, 2012
Happy workers create loyal customer base - Washington Business Journal:
Our plan was simple. We planned to take a three-day driving trip (destinatiomn unknown) and then meet up on the fourtj day in New York City to meet my cousin and his famil y for anotherthree nights. The first day on the trip we stoppesd to check out a hotel to see whethedr it hadany vacancies. When I returned after seeingv that they hadrooms available, my Jeep would not Lights are flashing, and thinges are beeping. I called AAA, and they quickly came out and towe d me to the closest which was literally next door tothe hotel! Wow, did I get at least with respect to the close proximity and the servicde department of the Jeep I walk over there the next morninb around 7 a.m.
, but they did not open until so I am just looking at the new cars on the lot. I notices a guy walking near my car withthe drop-off information I put into the nighf drop-off box the night before. The guy, Dave, coulx not have been any He said that they wereextremelg busy, with at leasgt 20 cars ahead of but that he thinks it is the battery and will look at it as soon as he can. He then said to me, we are closed until 7:30, but why don’ty you go into that door and make yourselt comfortable and getsome coffee, and I will be with you as soon as I Now, who could ask for more than that?
I am not their customer because I am from out of They know that I probably will not be back for futurer service, let alone buy a new or used car from them. they treated me as though I had been their customer for years and had been there manytimes before. I usually do not plug companies, but if you are anywhered near Henrietta, N.Y., and you need a new car or yourebreaks down, I want you to go to Patrick Jeep Pontiac GMC and tell them I said OK, back to the reason for this It shows that the employeeds at this dealership were trained right and that whoevert does the hiring knows how to look for the right attitudee in people, which is usuall not trainable.
The employees here trea each personwith respect, not just their customers, but one too. Trust me, after sitting therwe for three-plus hours, I had a chance to notice a few things aboutythe dealership. I just wish that more businesses out therwe were run as well asPatrick Jeep, wherse the customer is truly king, or at least they sure made me feel that way. It reallyy is not that Treat youremployees correctly, give them a nice environmentt to work in and provide them with ongoing consistenty training along with competitive pay. You will be guaranteed to have long-terjm employees serving happy customers.
You can bet that they have a loyaklcustomer base, where people look forward to coming to the whether it is for service or to buy a
Monday, November 19, 2012
Florida first state to require
Florida has become the firsg state in the nation to prohibit additives, chemicals or adulterantzs from being added to the sweetener. Florida’s agriculture commissionef announced the newregulation Monday. "We want to assuree consumers that the product that they are buyingvis pure," Charles H. Bronson said in a news "Too often in the past, honegy has been cut with water or and sometimes even contaminated with insecticides or Inthe future, when you're paying for honeyh in this state, pure honey is what you will get.
" The new regulationh says honey containing anythint other than the "natural food product resulting from the harvest of nectarr by honeybees" is considered an adulterateds or mislabeled product. If found to have additives, the productsa are subject to a stopsale order. Repeart offenders face fines of upto $500 per The regulation grew out of a flood of adulteratedd honey products that came into Florida from overseas in 2006. A group of honey producers asked the to create anational standard, but, two yearx later, the FDA said it would not be able to reviea the petition due to other pressing according to a news release.
It was at that point the industryasked Bronson’s office to come up with a Monday’s announcement was the result of those Florida is the fourth-leading honey-producing state in the employing more than 500. Cash receipts to beekeepere were morethan $15 million in 2008. The beekeeping industruy has an annual economic impact estimatedat $40
Sunday, November 18, 2012
ESPN Zone closes doors in Denver - Denver Business Journal:
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themed bar and interactive game centers acrossw the country, laid off roughl 100 employees, giving each a 60-day administrativwe leave package, according to a company Rick Allesandri, an ESPN vice president who overseea Zone operations, said in the statemen that the restaurant could not survivee the recession. This economic downturnj has been marked nationally by reduced consumer spendingb on eating out and onentertainmenrt activities. “A decision like this is nevetr easy. We recognize and appreciats the commitment and years of servicd of all of these Allesandri said.
“Unfortunately, the current economic environment offered us noother choice.” The ESPN Zone was a 23,000-square-fooyt meeting place for sports fanatics, with one room featuring more than a dozenb large televisions tuned into contests of all kind and another full of videoi and sports games ranging from basketball to None of the eight othere ESPN Zone locations will be as all “are meeting our expectations,” said Matt Kovacs, a spokesmenb for the chain. , which owns the Tabor Center, issuec a statement saying it was “sorry to hear of theid decision to discontinue theirDenver operations.
” But the closing of ESPN Zone “hads created a new opportunity for us to brin new concepts to 16th Street,” it One of those new concepts is The Tilted a Celtic-themed restaurant and sportzs bar with 20 locations operating nationwide and another 10 planned. The which is expected to open its Denver locatio n this fall and to offerr outdoorpatio seating, has signed an 8,300-square-foot leas at Tabor Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is notede for its servers dressed in knee-higb socks, short plaid kilts and midriff-baring plaid halterf tops. It will be one of a number of new tenantsx opening in the Tabor Centerthis year.
“These new addition s to Tabor Center’s retail offering reflect our continuing efforts to enhancer the services and amenities for the customers and visitors to theTabort Center,” said Steve Budorick, executive vice president and partneer at Callahan Capital Partners.
Saturday, November 17, 2012
Thursday, November 15, 2012
WaMu sale will affect other banks, real estate, economy, philanthropy; depositors protected - Puget Sound Business Journal (Seattle):
Williamson said depositors woul be transitioned to thenew bank. “With the exception of some new signagew on the branches and maybe some access to certaijfunctions electronically, there won’t be any significantg day-to-day changes,” he said in comment before the sale was announced. The sale will mean a huge downsizinbg ofthe state’s homegrown banking industry. WaMu, with $310 billion in assets, dwarfe all the other Washington-based banks. “Iyt diminishes the prestige of our said CarolKobuke Nelson, CEO of CASB) in Everett. Nelson said it was unlikelyg that any other regional bank couled growto WaMu’s size given the currenrt state of the economy.
“For a smaller bank to become as largwe as WaMuhas become, that woulxd be pretty difficult in today’s Nelson said in comments before the sale was WaMu’s market share of 12.3 percent in Washington is the second highest next to ’s BAC) 22.36 percent, according to the latest data available from the Federal Deposit Insurance Corp. WaMu’s sale gives of Spokane the highest market share among banks that are headquartered inthe state, with 3.37 Behind Sterling are , Banner Bank and . Seattle economist Dick co-publisher of the , called ’zs rapid fall “phenomenal.
” But he said the potentiakl loss of headquarters jobs from a WaMu sale pales in comparison to the impact of the broader credit and housing markert crisis on theregional economy. “My concern is less with the impacyt of WaMu on the local economu than it is the general credift problems we have nationally andhow it’s affectinhg the housing industry because that has had a much bigge r impact,” Conway said in comments before the sale was announced. The sale of major WaMu assets to JPMorganChase & Co. puts in play the questiob of what other assets will go on the block — such as Washington Mutual’s 42-story headquarterz building in downtown Seattle.
Should the building be put up for pricing will be an real estateexperts said. In this uncertain time, it’ss unlikely the office tower at 1301 Second Avenue will fetcnhthe $400 per squarwe foot price achieved at the heighty of the market more than a year ago. “There have been very few so it is very hard to say what pricintis today,” said Michael Lynch, chief investmenrt officer at in West Los Angeles. Arden is the investmentr arm of . But, Lynch said earlier this week, “I’nm optimistic. It has been very hard to buy. Pricing has been drivebn by the capital markets rather thanmarketg fundamentals. I think that is shifting.
This is when the Sam Zellsz of the world go out and make some veryinteresting deals.” Zell is the Chicagoo real estate mogul who was Seattle’s largest office landlord prior to selling his Lynch was Zell’s seniodr vice president of investments at Zell’s real estater investment trust, . Lynch believes capitalization ratea — the annual rate of return on investmentt — will be less importantf in determining pricing now that institutional investorz have snapped theirpocketbookas shut. Instead, Lynch expects officd buildings will start to sell at a discountr to the cost ofreplacing them.
“Pain does translatwe into opportunity,” Lynch said, in comments before the sale was WaMu’s sale raises questions about the company’s philanthropivc efforts in the Puget Sounde areaand nationally. In 2006, the compan gave nearly $50 million to organizationd acrossthe country, including $8.3 million for Washington-basec groups. The company has slashed its givinghthis year, though it has refused to say by how Carol Lewis, CEO of Philanthropty Northwest, an association of nonprofit organizations, held out hope in commentsz earlier this week that a WaMu sale wouldn’ be the end of its philanthropy.
“Iu think our experience is that companies who come in from outsider the community and purchase a businessa here often have a vested interest inthe community,” she
Wednesday, November 14, 2012
Dallas home prices fall 5.6% - Dallas Business Journal:
percent in the first quarter of 2009 when compared to the same perios ayear earlier, according to the latest Standard Poor’s/Case-Shiller Home Price The evaluates home prices in variouss U.S. metropolitan areas and develops data sketchees by evaluating changes within individual citiesd and within larger portfolios made up ofvariousa cities. The S&P/Case-Shiller 10-city composite index showss home pricesfalling 18.6 percent in the first quarteer as compared to the year before, while the report’s 20-city compositer index shows home prices falling 18.7 percent.
Despitse home price values dropping in Dallasas well, the Nortyh Texas area, along with Denver and continue to fare better with theier price declines landing at the lowedr end of the the S&P/Case-Shiller report said. The same cannoy be said for the rest of the according to the datareported “Declines in residential real estate continued at a steaduy pace into March,” said David Blitzer, chairman of the Indez Committee at Standard & Poor’s. “Alp 20 metro areas are still showinv negative annual rates of changwe in average home prices with nine of the metrk areas having recordannual declines.
”
Tuesday, November 13, 2012
Sunday, November 11, 2012
Former state senator to lead statewide health plan association - Charlotte Business Journal:
Johnston served in the California Legislature for 20 with the Assembly from 1981 to 1990 and in the Senats from 1991to 2000. Johnston, a Democrat, representedf San Joaquin County in the Assembly and served in the 5th StateSenate District, which encompasses Yolo County alongv with portions of Solano and San Joaquin counties. He served as chaire of the Appropriations Committeer for six years during his time inthe Senate.
“Patric brings a wealth of experience working withijn the state Capitol and valuable expertiss on some of the most critical and omple public policy issuesfacing Californians,” Howarrd Kahn, chairman of the CAHP board of directors and CEO of , said in a news “With health care reform in Washington and our own statwe budget crisis, it was importanft for the board to find a CEO who is well-respectes in Sacramento and able to build effectivre partnershps,” Kahn added. Johnston will assume his new roleJuly 1.
He was also the firsyt legislator in residence at the and served as vice chairmajn of theCalifornia Bay-Delta Authority, which overseed the implementation of the CALFED Bay-Delta Program. In other CAHP stafv news, Charles Bacchi has been promoted to executivs vice president withthe Sacramento-based He had been vice president of legislative
Saturday, November 10, 2012
Goya Foods Donates Over 300000 Pounds Of Food & 25000 Meals To Victims ... - Sacramento Bee
Goya Foods Donates Over 300000 Pounds Of Food & 25000 Meals To Victims ... Sacramento Bee 5, 2012 -- /PRNewswire/ -- Goya Foods, America's largest Hispanic-owned food company, donates over 300,000 pounds of Goya products and over 25,000 meals to victims of Hurricane Sandy in New York and New Jersey. With the aid of City Harvest in New ... |
Thursday, November 8, 2012
Stocks extend losses for 2nd day - NBCNews.com (blog)
Business Today | Stocks extend losses for 2nd day NBCNews.com (blog) The Dow Jones Industrial Average tumbled 121.41 points, or 0.94 percent, to close at 12,811.32, logging another triple-digit decline. Cisco and McDonald's were the biggest blue-chip laggards, while Bank of America gained. The S&P 500 fell 17.02 points, ... S tocks slide on W » |
Wednesday, November 7, 2012
Penske losing Big Lots logistics contract - Portland Business Journal:
is packing up this summer at thediscouny retailer’s headquarters and four other distribution facilitiess after the merchant opted to not renew a logistics contrac t that expires in July. The Pa.-based Penske said 186 workers, including 53 in Columbus, could be affected when its contracrwith Columbus-based Big Lots (NYSE:BIG) expireas July 31. Penske spokesman Randy Ryerson said the compan y has worked with the retailersincd 1991. The 1,300-store Big Lots has chosen a new third-partyh logistics provider to continue the warehousing and distribution work that Penske performed atthe retailer’s Phillipi Road headquarters and its distributio n centers in Tremont, Pa; Montgomery, Ala.
; Rancho Calif.; and Durant, Okla. Timothy Johnson, Big Lots’ vice presidenrt of strategic planning andinvestor relations, said more than a dozejn carriers bid for the work. He declinec to disclose the company Big Lots selectee tosucceed Penske. Big Lots and Penske representativesasaid they’re working with truck drivers lookingt to continue work under the new logistic s provider. Johnson said the companyt met with workers over the weekend to introduce the new In the event that some workereare cut, Ryerson said privately held Pensked will work with the state “tpo make sure employees are aware of different Penske employs about 20,000 workers worldwide.
Asked why Big Lots opte to bid for a new contractor after thelatesr five-year contract with Penske, Johnson said, “a lot has changed in transportation in the past five We owed it to our associatesz and shareholders to take a fresh look at how we handlse outbound transport.” The loss of the Big Lots contract comes less than a year afte r Penske was replaced at a warehousr in Lockbourne. Chattanooga, Tenn.-based last fall steppe d in atthe facility, where Penske had employed 146 Penske has 400 logistics centers worldwide.
Its Central Ohio operations include a number of distributionj and warehousing facilities inthe
Tuesday, November 6, 2012
Adam Putnam talks of economy, food safety at GrayRobinson lunch - Kansas City Business Journal:
Florida is facing a “deeper trough” than it would in a traditional Putnam, R-Bartow, said. Florida can ride a recessio out exceptwhen it’s the result of the burstinf of a real estate said the representative for Florida’s 12th Congressional District. Putnam said he would prefert to be in Florida than any othe r state as the country comes out of aneconomicc decline. While battling the fire, Florida should look for opportunities at every level of government and he said. Putnam expressed concern aboutr the increased presence of government in responswe to theeconomic downturn. His speech was made at the “Capitoo Hill Luncheon” presented by .
Richard a partner with GrayRobinson and chair of thelaw firm’s alcohol beverage and food discussed the rising importance of food safethy in his introduction. Putnam, who will seek the officed of Florida Commissioner of Agriculturein 2010, followed up on issue of food safety and the impact of incidentzs of food-born illness on the Putnam stressed the impact of consumer confidence in food at the retail level and said he woulrd work to reform and modernize a food safety network so there is a higher leve l of confidence.
Sunday, November 4, 2012
Unfinished 9/11 Museum Is Flooded - New York Times (blog)
New York Times (blog) | Unfinished 9/11 Museum Is Flooded New York Times (blog) ... Trade Center site after 9/11 visible at left, under wraps. About 70 feet below street level, the chamber was badly flooded. The main floor of the National September 11 Memorial Museum at the World Trade Center is flooded with at least five feet of ... |
Saturday, November 3, 2012
No. 5 Churchville-Chili stuns No.1 Fairport in girls soccer - Rochester Democrat and Chronicle
No. 5 Churchville-Chili stuns No.1 Fairport in girls soccer Rochester Democrat and Chronicle Carly Zimmerman scored on a breakaway three minutes into the second half as No. 5 Churchville-Chili stunned No. 1 Fairport with a 1-0 victory in the semifinals of the Section V Class AA girls soccer tournament Friday. Karley Renehan, a senior who took ... |
Friday, November 2, 2012
Grant money will help WESST teach kids to save - Philadelphia Business Journal:
The youth Individual DevelopmentgAccount (IDA) program provides financial literac y education and a method for building assets to high school students that meet income qualifications. The program will span a three-year period between 2009 and 2012. which are used by a number of organizations in New encourage participants to save for a goal or asse and usually matchthe participant’s savingws as an incentive. The match in the WESSfT program is fourto one, up to is the nonprofit’s bank partne in the effort.
WESST is working on this pilot program with Juniodr Achievement of New Mexico and the Creatived EducationPreparatory Institute, a public charter high school on Albuquerque’z Westside. There are 21 students participating in theprogram now, and the Daniels grant will allow WESST to add an additionalp 13 students, said Marty Tatum, spokeswoman for WESST. The grant will also be used to leverager matching federal dollars and enrol l more high schoolstuden participants.
, based in Denver, operates the Danielas Fund Scholarship Program and the Daniels Fund Grants program in New Mexico, Utah and The Fund was established in 1997 by cable television pioneerr Bill Daniels, a former resident of Hobbs. helpw low-income women, minorities and other entrepreneursachieve self-sufficiencyt through microenterprise training, technical assistance and accese to capital through its revolving loan WESST recently opened a new small business incubator in downtown Albuquerque.
Wednesday, October 31, 2012
Thunder, Rockets Trade Fallout: Putting the James Harden Deal in Perspective - Opposing Views
Opposing Views | Thunder, Rockets Trade Fallout: Putting the James Harden Deal in Perspective Opposing Views In a trade that shocked the most snark-encrusted NBA observers, the Oklahoma City Thunder shipped their hellaciously talented, hirsute guard James Harden to the Houston Rockets for an assemblage of spare parts. Harden, the reigning sixth-man of the ... |
Tuesday, October 30, 2012
Liberty National Life faces license revocation - South Florida Business Journal:
Kevin McCarty’s order follows a five-month onsite investigatio n last yearat Liberty’ National’s Ala., office, during which more than 7,000 life insurance applicationws were reviewed. Investigators found 1,149 violations, of whichb 1,053 were for discriminatory practices, according to a news releass from the Florida Department ofInsurance Regulation. Liberty National has abour 182,000 policies in Florida. “Discrimination of any kind by an insurancd company will not be toleratee bythis office,” Deputy Commissioner Mary Beth Senkewica said in a news release.
“Wr will do everything withibn our power to ensure that Floridaa consumers are protected from suchunconscionable practices.” The companyu is alleged to have refused to issuew life insurance policies based on national origin, potential lawfulk travel and citizenship. A significan t number of consumers affected by the practices were of Haitianh originor descent, according to the news Liberty National has more than 170 offices throughout the U.S. and more than 6,500o sales representatives, according to its Web Efforts to reach comment from Liberty National were notimmediatelyg successful. However, in a SEC filing, the company'sz parent, .
, said it believes the state'es actions were not warranted and the compang will vigorously respond tothe allegations. "The Florida regulator's claims relate to past underwriting practices of the companuy with regard to applications submitted by personss who lived inthis country, but who were not Unitedd States citizens. This legal status results in risk analysis, processin and proof differences which Libertt National believes an insurer lawfully may take into thecompany wrote.
"The company believes that the Florida Office of Insurance Regulationh has misinterpreted the facts insignificanft respects, believes that its past and currentf practices were consistent with Florida law at the and is optimistic that a satisfactoryy resolution of this matter can be achievedc through appropriate administrative procedures." Liberty Nationalk has 21 days to respond to the state.
Monday, October 29, 2012
Trey Songz, Yo La Tengo & Calexico, Speedwolf and More in This Week's New ... - Riverfront Times (blog)
Riverfront Times (blog) | Trey Songz, Yo La Tengo & Calexico, Speedwolf and More in This Week's New ... Riverfront Times (blog) Here again: every newly announced show for the week! On page one you'll find a quick list of shows that particularly caught our attention, followed by embedded YouTube videos; there, you can check out some of the artists you may no t be familiar with. |
Saturday, October 27, 2012
Who's Hiring - St. Louis Business Journal:
Are you starting to see any impact of stimuluas spending onengineering jobs? “Impact” might be a littld strong. The first round of so-callee stimulus money went to what are beingcallex shovel-ready projects. That generally means there no longe r is any engineeringwork needed. A lot of moneyy is going for asphalt overlays or highway In terms of providing for new jobs or throwingv any money into theprivate sector, it doesn’t do You seem a little The frustrating part is not havinvg an easy way to get answersx from the federal government. That’w the nature of the beast. There is no infrastructurse czar. Yet. Are there any bright spots?
I am startinh to hear a little bit about wated projectstrickling out.
Friday, October 26, 2012
Collenette takes helm at S.F. Colliers - San Francisco Business Times:
Collenette joins Colliers after spending the last sevenj years putting together partnerships to buy apartmentr complexes across the WesternUnited States. The partnershipe invested $150 million in rental projects. Collenette, a native of the Unitesd Kingdom, said he missed the camaraderie and competitiom of the brokerage business aftere he led a partnership that bought 211Sutter St. He moved his offices into the penthouses at 211Sutter St. and has been managing the building.
“Brokerage is something that I havealwayd enjoyed, because it’s a people And it gives you the opportunity to help peoplee who need help in a tough economyy — whether clients struggling to fill a building or sell a building or get or brokers in the firsf stage of their career lookingf for guidance,” he Collenette arrived in San Francisco in 1984 to lead Knowlton A few years later, he formedd Stubbs, and gained a reputatioj as brash mavericks who ruffled feathers by relentlessly tryinvg to poach other brokerages’ The firm was sold to in 1996.
Wednesday, October 24, 2012
Rudiger Grube Executive Profile
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Tuesday, October 23, 2012
Arts & Science Council slashes funding for Charlotte Symphony - Charlotte Business Journal:
The council has allocated $900,000 for the orchestra for its nextfiscal year, down from $1.9 million this The fiscal year starts July 1. The ASC has agreecd to give theorchestra $75,000 in July and but future payments will hinged on a satisfactory review by the council of the orchestra’s economic viability. “Even in the best of the business of running a symphony orchestr is complexand challenging,” says ASC Chied Executive Lee Keesler. “ASC understands and appreciates the effortx being madeby (Executive Director) Jonathahn Martin, his staff and boared to reposition the organization for long-term success.
We providw this restricted funding to support theCharlottd Symphony’s determination and implementation of a new strategicc path forward that is economically viable.” The Charlottde Symphony has received funding from the ASC sincee 1958 and has historically received the organization’xs largest operating grant. In the last 15 the council hasgranted $26.2 million to the symphony. The cut in fundintg comes at a time when the ASC and the symphonyhare struggling. In March, the ASC laid off eighgt employees, almost a thirdd of its staff. The job cuts followed an annual fund drive thatraised $7 37 percent below an $11.2 million goal.
The shortfall has meanft generally smaller grants for arts groups that use ASC fundingh to help finance their The 77-year-old orchestra recently cut four jobs and askedf its board members for financial support. It also expects to make wage concessionws fromits musicians. The ASC was founded 50 years ago to raises moneyfor Charlotte-area cultural organizations and to coordinate fund-raisingt campaigns in an annual drive.
Monday, October 22, 2012
Barack Obama regains footing; on home turf on foreign policy - Economic Times
Economic Times | Barack Obama regains footing; on home turf on foreign policy Economic Times If a "week is a long time in politics" - as British Prime Minister Harold Wilson said nearly half-a-century ago - two weeks are an eternity in an American presidential election. That's what the first two debates between President Obama and Republican ... Analysis: Obama regains his footing in feisty second debate Obama regains footing in second debate Our View: Obama regains debate footing |
Saturday, October 20, 2012
House expands health insurance to children - Minneapolis / St. Paul Business Journal:
The House also voted to creat e a new agency charge with improving the delivery of healtg care acrossthe state. Both measuresx now head to the Senate. Housde Bill 2016, dubbed the “Healthy Kids — Healthyt Oregon” measure by Gov. Ted would increase taxes on hospitald and health insurersby $150 milliom per year, making the state eligible for an additionapl $500 million in unclaimerd federal dollars. It passed the House by a 36-2e4 vote.
House Bill 2009, which allocates two-year fundin g of $3 million from the state’s generalo fund, creates the to oversee existing state programd that touch on health The new state agency is chargec with establishing health industry cost controp measures and with promoting healthb care reform at anational level. It passede by a 38-22 vote.
Friday, October 19, 2012
Luxembourg's Prince Guillaume marries - AFP
AFP | Luxembourg's Prince Guillaume marries AFP The 28-year-old bride, who will acquire Luxembourg citizenship through marriage, and the 30-year-old groom tied the knot at city hall in what was a departure from tradition, as previous royal ceremonies were held at the Grand-Ducal palace. Flanked by ... |
Thursday, October 18, 2012
Banks lead Wall Street rebound - Austin Business Journal:
Wells Fargo said it expectsz first quarter earningsof $3 a bottom line helped by the bank'ds January acquisition of That was the kind of encouragement investores needed. The Dow Jones industrial indezjumped 2.9 percent to 8,061.08 and the S&P 500 climbeds 3.3 percent to 852.47. Localp stocks enjoyed the run-up, with 11 companies postint share price gains of 5 percenftor more. Not all local firms fared so well 's (NYSE: GFG) shares dropped 14 percenrt on news that federal regulators issued an order for the company to improv e its financial condition by May 21 or find a buyerr forits assets. Shares of (Nasdaq: GOLF) also dropped 18 percentf to 90 cents. • (NYSE: ACC) up 8.
5 percenty to $19.77; • (Nasdaq: BEXP) up 5 percen to $1.85; • (NYSE: CIA) up 9.5 percengt to $7.95; • (Nasdaq: DELL) up 5.4 percent to $10.74; (Nasdaq: EZPW) up 8 percent to • (NYSE: FOR) up 10 percenrt to $10.79; • (NYSE: FPP) up 10 percenft to $1.80; • (Nasdaq: up 6 percent to • (Nasdaq: STRS) up 26 percent to • (NYSE: TIN) up 11 percent to • (Nasdaq: VLNC) up 13 percent to $2.21.
Tuesday, October 16, 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Houston Business Journal:
The board of Six Flags (OTCBB: voted last week to begin reorganizatio proceedingsin U.S. Bankruptc y Court for the Districtof Delaware. The company listede assets of $3.03 billion and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founderBill Gates, owns 11.1 percent of the votinv securities in New York-based Six Flags, the largest share, bankruptcuy documents show. Six Flags has 97.7 millionm shares of common stockand 1.1 milliohn shares of preferred stock. "Th current management team inheriteda $2.
4 billion debt load that canno t be sustained, particularly in thesse challenging financial markets," said Mark Shapiro, president and CEO of Six in a statement. "Ax a result, we are cleaning up the past and positioning the company for futuregrowtgh ... Following a record year of performancein 2008, whic h completed the three-year turnaround of our system-wide park this action to cleann up the balance sheet paves the way for a full reviva of the company," Shapirol said. Elitch Gardens had operated for more than a centuryt at a northwestDenver site. The old Elitch Gardens shut downin 1994, and a new version of the amusementr park opened a year later in downtown Denver.
The locap Gurtler family and its financial partners sold the new park to PremietrParks Inc. in 1996 for $65 million. It became Six Flagss Elitch Gardens two years when Premier acquired SixFlags Inc. and changedd its corporate name toSix Flags. Six Flags sold off Elitch's and other properties in 2007 in a serieds of transactions that left the Denvedr attraction in the handx of CNL IncomeProperties Inc., a real estat e investment trust based in Orlando, Fla. CNL reportedl y paid $312 million for the properties. CNL arrange d for Parc Management LLC of Florids tomanage Elitch's.
Six Flags now operatea about 20 North Americanamusement
Monday, October 15, 2012
Free Chick-fil-A meal on July 10 - New Mexico Business Weekly:
The giveaway is part of the Atlanta-baseds chain’s fifth-annual Cow Appreciation Day, which honors its "Eatf Mor Chikin" Cows. In a related promotion, parentes can enter photos of theire cow-clad children as part of a "Show Us the online photo contest, for a chance to win a $1,00 U.S. Savings Bond. Between now and Aug. 31, childrebn ages 10 and younger are encouraged to work with an adult to submitf creative photos of themselves dressedas cows. The contestt Web site, www.CowAppreciationDay.com, has details about uploading photos for the Once the picturesare uploaded, the publicv can vote for their favorite photo through Aug. 31.
The 20 photographd that get the most Internett votes will benamed semifinalists. From the Chick-fil-A will select five finalistws and one grand prize winner based onoverall quality, appearance, originality, creativituy and skill. The entrant'x age will be taken into accounrfor judging, Chick-fil-A said. The grand prizr winner will receivea U.S. Series EE Savingsw Bond with a maturity valueof $1,000, a catered partg for their classroom, free Chick-fil-A Kid's Meals for a year and a digitap camera, among other gifts. Also each Kid' s Meal from June 22 to July 25 will include miniaturreCow figurines, while supplies last.
One out of every 100 of the cows will have gold spotsx instead of the traditional black spots and will be packagexd with a card redeemable for a freeIce cream.
Saturday, October 13, 2012
More complaints on proposed Waterford deal - Business First of Buffalo:
Nearly 30 shareholders, includint former Waterford PresidentKathleen Flemming, have writtenn letters of objection to Richard Neiman, superintendent of the state Bankinbg Department. The letters request The proposed acquisition be delayed or rejected until the statr Banking Department determines whether the bank is following provisionzs of a cease and desist order issued in Bank shareholdersbe informed, in by the state Bankinhg Department about whether the terms of the ceaswe and desist order will continue if the bank is acquired. Full disclosuree of the financial impacg of the acquisition be included on the acquisition applicationn to the stateBanking Department.
The departmenyt discloses the potential financial impact toexisting shareholders. The department requires the bank to produc financial statements from the last two quarterz in 2008 and the firs two quartersof 2009. The letters, signefd by shareholders, were sent July 14 to the stat Banking Department as part of a package compiled by Joseph an attorney for LLP who is representing They follow a lettetr sent July 1 to the department by local businessmanHormos Mansouri, who made similar appeals.
In June, shareholderzs received a letter from Waterford Presidentg Orrin Tobbe outlining the proposed deal with VCH a new banking company that has requested permissioh from the state Banking Departmentto form. VCH Bank will be led by Jasonm Aintabi of NewYork who, under the proposed acquisitiohn agreement, would pay $9 millionh to acquire the At the time, Tobbe said the money will be used to make the bank and to allow the bank to invest in locao companies and residential mortgages. The deal must be approveed by the state Banking Department andthe bank’s shareholders. Under the shareholders would received two cente per each dollar invested inthe start-upl bank, Manna said.
But shareholders originally paid $10 per share, he Tobbe’s June letter, meanwhile, said shareholders would received 50 percent ofthe bank’z aggregate deposits at the time the acquisition is Jill Schultz, attorney for the said an “expansive” letter will be sent this week to shareholders that explains the proposed deal and answers shareholders’ Schultz, of the Burnsa & Schultz law firm in said Tobbe has received support from other “At least 45 percent (of the bank’s shareholders) have been talking to Orrinj Tobbe and have expressed that they are in of the acquisition, Schultz said.
It is uncleare how the remainingshareholders feel, she In a cover letter to Manna said that this group of shareholderse own about 18 percent of the bank’s total shares, an amount equal to more than $1.8 million. He said the bank’z board of directors “has not adequately communicated with the shareholderzs about the financial status of the the proposed merger or the cease anddesist order.” The Banking Boared was supposed to discuss the proposed acquisitionm earlier this month, but the meeting was The board is schedulefd to meet again on Aug. 6.
Friday, October 12, 2012
WESST gets matching funds from Allstate Foundation - New Mexico Business Weekly:
WESST officials said they can add 40 more participantws to the IDA program withthe funds. The program is an intensives 10-week money management course. Participants open savings accounts, and for every dollafr they put into the WESST putsin four. Participants can use the money for developing asmall business, buying a home or paying for highet education. The grant will support WESST’s in Albuquerques and Las Cruces. The objective is to help the borrower buy an but also to change habits and attitudez about moneyand credit. Agnes Noonan, executive directorr of WESST, said the program is impacting people’ws lives.
One participant she met recently is using her IDA savings to pay for books as she worksz towardan associate’s degree in business. WESST is a statewide economic development organization that cultivates offering microloansand training. It opened a smal l business incubator earlier this yearin
Thursday, October 11, 2012
Target partnering with shopping site Daily Candy - Minneapolis / St. Paul Business Journal:
Target.com’s Red Hot Shop area this month started featuring products selected by editorsat , the women’sa fashion and lifestyle Web site ownee by Philadelphia-based cable television giant Thered is also artwork and editorial content from the DailyCandy team, publishew an e-mail newsletter that's distributed to an estimatef 2.5 million subscribers, mostly female, in a dozen markets. It circulatesa heavily among the fashion-conscious set, making it a likely partnerf with Target, which has long emphasizedr its style and partnershipswith well-known designers.
Under a deal struck with DailyCandulast year, the media site is leveraging its relationshipe with up-and-coming designers to create products exclusively for the Red Hot It also builds on a larger advertising deal in whichn Target is paying to advertise with Minneapolis-based Target (NYSE: TGT) wouldn’t discloser the financial details of the agreement. The marketing partnership is but another example of retailers gettingt creative with how they use theirWeb sites. Target.comm has also used advertisements generatedby Google. Targe says the Google ads give Web site guests more information and optionw to find what they arelooking for. Revenuew generated from the adsallows Target.
coj to offer features such as free shipping.
Tuesday, October 9, 2012
Book buzz: Lena Dunham signs $3.5 million deal - USA TODAY
Examiner.com | Book buzz: Lena Dunham signs $3.5 million deal USA TODAY 2012 - Here's a look at what's buzzing in the books world today: Lena Dunham signs deal: The bidding war is over. Random House has acquired Lena Dunham's essay collection, Not That Kind of Girl: A Young Woman Tells You What She's Learned, for more ... Lena Dunham sells book for $3.7 million Lena Dunham takes literary leap, follows Nora Ephron (natur » |
Monday, October 8, 2012
Matt Kenseth's debut at Dover helped out Georgia's grieving first-family of ... - SB Nation
Matt Kenseth's debut at Dover helped out Georgia's grieving first-family of ... SB Nation Matt Kenseth is certainly one of today's top stars in the NASCAR Sprint Cup Series. He has a Winston Cup at home on his mantle, alongside two Harley J. Earl Trophies he earned for his 2009 and 2012 Daytona 500 triumphs. He also possesses one of the ... |
Saturday, October 6, 2012
ECONOMY: Gasoline prices curtail discretionary spending - Press-Enterprise
Press-Enterprise | ECONOMY: Gasoline prices curtail discretionary spending Press-Enterprise Putting enough gasoline into your car to get to and from work is one of those expenditures that's considered a necessity, which means a lot of items that might be classified as luxuries take a back seat when the price of fuel gets close to $5 per gallon. |
Friday, October 5, 2012
Cry, then fly - Sacramento Business Journal:
So, it's far from a surprisr that airlines are balking at the cost ofa far-reachinh expansion of the . At leasr 11 airlines -- including , which accountsa for about half of the passengerlevels -- have sent letter s protesting the price of the $1.3 billiojn project to the . The board agreec to double airport fees over the next four from thecurrent $6 per passenger to $9 on July 1, and a fee increaswe to $13.63 in 2013. The heftier fees, including a rent will help pay down the debt forthe Airlines, which have been facing a bumpy ride since the 11 terror attacks almost seven yearx ago, say the expansion is too pricey.
The cash-strapped airlinex have every right tobe concerned, especially becausd the Sacramento airport will become one of the costlies in the nation if the highest rate of $13.63 goes into But the airport has also been a bargaibn to the airlines for decades while the community has enduresd the less-than-friendly Terminal B, a 40-year-old building that has more achesz and pains -- and dark sides -- than an out-of-work Hollywoos actor enduring a mid-life crisis. The airlinex should dig a little deepet and get on board withthe project.
Let's be airlines might pay the increasedpassengef fee, but it's consumers who ultimately, at least underf most circumstances, foot the majorith of the bill. For example, do we need to gently remindr airlines aboutthe so-calleds fuel surcharges that are being added to domestic and international flights becauswe of record-high fuel prices? airlines are being hammered for jet but passengers are getting nailee with higher-priced tickets, too. Airlines also coul d argue that some passengers might bypass the Sacramentl airport because of the higher passengefr fees in favor of the three Bay Area airports andpossiblu lower-priced flights.
But any passenger able to buy a deal withthe check-in process and remember everything they cannot carryh through security is likely smart enoug to figure that driving 50 miles-plus to save a few dollar is a money-losing Sacramento is a tale of two airports, and the billion-dolladr project can definitely make it a much-bettet story. Terminal A is bright, easy-to-use (except when the securith line extends to the bridge to theparkiny garage) and feels like a much-largerr terminal, definitely a compliment and not a jab. But Terminalo B -- complete with its decades-old look and overwhelmedd securityarea -- is just bad, boriny and bothersome.
The city desperately needs, and deserves, a state-of-the-arrt terminal. Airlines that operate in Terminal B would benefit the most from theconstruction project, but everyone gains from the effort. The airport, and the has few options aftefselling $500 million-plus in bondsa a few weeks ago. Quites simply, that flight has left the runway. the airport could scale back its commitmeny to the community andits plan, probablt saving tens of millions of dollars, if not even Airport executives and county supervisors were right to staned their ground. The region deserves a first-clas airport, with two modern-day not an economy-class stopover.
Airlines have every righr to complain aboutthe cost; then they should get on boar d or clear the way for other carrierss who are willing to serve -- and see the valuee in -- Sacramento.
Thursday, October 4, 2012
Thousands of Tampa Bay homes could be without TV Friday - Los Angeles Business from bizjournals:
percent of households in the Tampa Bay area will go Although that represents morethan 28,000 households in the region, it’s stil well ahead of the nationak average of 2.5 That means 2.8 million householdd could be without television signal by the weekend unlesws they purchase digital televisiomn sets, connect to cabl e or satellite, or purchase a converter box, accordinhg to The digital transition was supposed to happenj in February, but federal officials delayed that move for thre months after millions of homes would lose television. During those threre months the number of homess completely unready for the transition was cut in halffrom 5.
8 “Given the importance that televisiom plays in the day-to-day life of most people, we expect that most of the remaininhg unready homes will take the necessary steps to get readuy once the stations make the final switch to digital said Sara Erichson, president of media cliengt services for Nielsen, in a release. Congress created the digita switch in 2005 as a way to free up analogy spectrum for cellular phone companies and others that could use signal that has been in use by television stations for Nielsen based its data on its Nationa People Meter panel as well as localmetereed panels. The Tampa-Sarasota television markeg also cut its number of unready homes in halffrom 3.
28 percentg in February to 1.55 percent in June. much of that drop happenede through April. In Florida, the Fort Myers-Naples market has the best percentagde of prepared households with less than 1 percent completely unread for thedigital transition, representing fewer than 5,000 homes. The Orlando-Daytona Beach-Melbourne market has 1.45 percentr of its households completelu unready, representing more than 21,200 homes. The biggest problej area statewide remainsin Miami-Fort Lauderdalse where 2.81 percent, or 43,468 homes, are completely unreadhy for the digital transition on Friday. Albuquerque-Santa Fe has the worst percentage of unreadyg householdsat 7.58 percent.
Los Angeles has the most numbere ofhouseholds unready, standing currently at
Tuesday, October 2, 2012
Moneta's Schick establishes University of Missouri-St. Louis professorship - Business First of Columbus:
Alumnus Peter Schick, chairman of the , has pledgerd $1.7 million to establish an endowedd professorship in finance in the Collegr ofBusiness Administration. The endowment will be knowj as thePeter G. Schick Professorship in Finance at The professorship, which will be the firsy endowed position for the college's finance will be filled through a national search. Moneta Group is a financiap advisory company basedin Clayton, Mo. Also on UMSL established a new partnership with the to creates the Center for Excellence in Financial Counseling at The FCE is a nonprofit dedicatef to improving thefinancial well-being of consumers through the professionalk development of financial counselors.
Assorted assetsa of the foundation totalinghabout $3.25 million will be donated to UMSL. The Cente for Excellence in Financial Counseling will be locatedcon UMSL's South It is expected to open in July.
Monday, October 1, 2012
Ford will stop Claycomo F-150 production for a week - Dallas Business Journal:
The UAW Local 249 posted the information in a newslettet on itsWeb site. Local 249 Vice Presidentg Bobby Wyse confirmed Monday that the informationjis accurate. The production stoppage comes a week befored an alreadyscheduled one-week summer break for the entiree plant starting June 29, a Local 249 spokeswoman said. The plant also is schedule for a summer break during the weekof Aug. 17. Salesd of Ford F-series trucks were 33,381 in May, up 16 percent from 28,7577 in April but down 22.3 percen t from 42,973 in May 2008.
UAW Local 249 said the slight increasein month-to-mont h sales enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-150 truck plant in Dearborn, Mich., but the down week was left intacf at the Kansas City Assembly Plant. “This is partially due to depleted funds forthe state’s Division of Unemploymeny in Michigan, making down weeks at (Dearborn) less of an the Local 249 said in the Local 249 added that sales projections continue to be less than the five shiftzs at the two truck plants can produce if they work full time througg the 2010 production year. Ford runs two shift s at Claycomo and threein Dearborn.
Wyse said Ford is considerinh once again moving a shif t fromthe F-150 side of the Kansas City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moved about 800 workerd from a second shift on the F-15o side of the Kansas City plant to a third shift on the SUV side. The employees were movede back tothe F-150 side on Jan. 12. Ford Escape sales in May reached 16,391, up 20.6 percent from 13,595 in April but down 7.2 percent from 17,667 in May 2008. The Kansaes City Assembly Plant also produces the Mercurgy Mariner and hybrid versions of the Ford Escapde andMercury Mariner.
Combined salex of hybrid versions of the Ford Mercury Milan, Ford Escapew and Mercury Mariner reached 3,906 in May, a new companyy record. The old sales recorrd of 3,420 hybrid vehicles was set inApriol 2006. As of May, Ford’s Kansaz City Assembly Plant in Claycomo hadabout 3,9090 hourly and 200 salaried employees.
Sunday, September 30, 2012
Paper reports standardized test insecurity among states in US - Bryan College Station Eagle
Paper reports standardized test insecurity among states in US Bryan College Station Eagle The Journal-Constitution reported earlier this year that it had found patterns of suspicious changes in test scores in nearly 200 school districts nationwide. The No Child Left Behind Act, signed into law 10 years ago, made standardized testing the ... |
Friday, September 28, 2012
Treasury lets 10 banks repay $68 billion - Orlando Business Journal:
The department said the institutions, whicj were not named, have met the requirements for repaymenrt established by federal banking It noted that many banks recentluy have raised equity capital from private investores and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial repair, but we stillp have work to do,” Treasury Secretary Tim Geithnedr said. More than 600 banks receivedx nearly $200 billion through the department’s Capitapl Purchase Program. About $2 billion of this money was paid back Underthe program, banks that repay their preferred stock can repurchasr the warrants that the Treasury Department holds.
Besidezs the proceeds from the sales of the the department also hasreceived $4.5 billiom in dividend payments from program Proceeds from the repaymentsw to go the Treasury Department’s general They can be used to reduce the national debt and can servde as a cushion in case the department needds to respond to financial emergencies in the future, the departmeng said. The reported the list of financial institutions willinclud (NYSE: JPM), (NYSE: AXP), Mellon_Corp. _5F9DF4E6123547E7A43873C1A1085CAD.html"> Bank of New York Mellonh Corp. (NYSE: BK), (NYSE: COF) and GS).
Some banks have been raising funds after the stress tests revealed they needed toboosft reserves, including some Dayton-arew banks. The in early May released the results from itsstressx test. The regulatory tests were designed to project howthe country’s 19 largest banksx would perform under a variety of economic scenarios by the end of 2010. • -- $33.9 billion • . -- No need The Bank of New YorkMellon -- No need • • -- $5.5 billion -- $1.1 billion • -- $11.
5 billion •
Thursday, September 27, 2012
Asotin jail commander placed on leave - Sacramento Bee
Asotin jail commander placed on leave Sacramento Bee The commander of the Asotin County Jail has been placed on paid administrative leave because of allegations he threatened to kill Asotin County Prosecutor Ben Nichols. Capt. Jon Singleton's conduct and reported threats will be investigated by the ... |
Tuesday, September 25, 2012
Mediation ordered on Veranda Park building - Puget Sound Business Journal (Seattle):
U.S. Bankruptcy Judge Karen Jennemabn on June 22ordered Azzouz’s relaterd firm and the bank to mediate their dispute on the partially built-out Offices at Verandwa Park 1500 building. Azzouz on May 6 filed a voluntary Chapter 11 bankruptcy petition in the Middlee District of Florida on behalfgof , the entity that owns his 55-unit building, just one day beforre it was scheduled for a foreclosure auction. VP Phase IV and other related companiesowed $15.32 million to mortgage holder Fifth Third Bank, whicn on May 7 filed a motion askingy the judge to either allow the foreclosure to continues or dismiss the bankruptcy case.
Fifth Thirx claimed VP Phase IV filesd the petition just to stop the foreclosure and thatthe single-assey entity had no reasonable prospects to reorganize under Chapter 11, the filinf said. The decision by Jenneman allowsw the bankruptcyto continue, said VP Phasde IV attorney Norman Hull, owner of Orlando-based law firm Normah Linder Hull PA. Azzouz was directed to turn on utilitiees and provide proof of insurance to Fifty Third on or beforseJune 29, as well as file his reorganization plan by Aug. 5.
, Hull Azzouz could not be reachedfor Meanwhile, other buildings in the $1 billion Verandz Park are facing severao issues, including bankruptcy, pending foreclosure auctions, lawsuits and Some of those • The Residences at Veranda a 157-unit residential condo buildiny at 4000 Grande Ave., is scheduled to hit the foreclosure auctiom block July 14 if Azzouz’s ownershi p entity, VP Phase III LLC, doesn’tg pay $59.7 million owed to Wachovisa Bank NA/Wells Fargo and Regions Bank. • Gene Chapter 7 trustee for an individual who paida $41,424 deposit to VP Phase III for a residentiao condo, filed a breach of contracg suit against VP Phase III on June 10.
The truste e is attempting to recovefrthat deposit, claiming VP Phase III did not completer the condo by the promised two-year time frame. Commercial Ventures Orlando LLC, an Azzouz-owned entit that owns the CVS inVeranda Park, filed a Chapte 11 bankruptcy petition on May 5. The entit owes a total of about $1.5 million to secured creditors andnearly $5,000 to unsecuredr creditors, court documents
Monday, September 24, 2012
Taranaki's stories retold with a twist - Taranaki Daily News
Taranaki Daily News | Taranaki's stories retold with a twist Taranaki Daily News "He [Thomson] went on to become a lawyer and the interesting thing was that he was done for embezzling his clients in the late 1920s. "Maybe he had issues dealing with the success, the fame? I had never heard that part of the story before. You just had ... |