CTV.ca | Patricia Clarkson to lead Muses parade San Francisco Chronicle Now the New Orleans-born star of the 2010 thriller "Shutter Island" and the 2003 drama "Pieces of April," will step into a whimsical limelight as she leads the Carnival parade of the Krewe of Muses. Clarkson will board a red fiber-optic-lit float ... Muses Taps Actress Clarks on As Honorary 'EveryMuse' Actress Patricia Clarkson to reign as Honorary Muse Actress Patricia Clarkson, star of âShutter Island,â to lead Carnival parade ... |
Saturday, December 31, 2011
Patricia Clarkson to lead Muses parade - San Francisco Chronicle
Thursday, December 29, 2011
Report: BofA retains top bank ranking - Houston Business Journal:
The bank’s completed acquisitions of and MerrillLyncgh & Co. Inc. moved it to the top spot from No. 3 in the firsrt quarter of 2008. , which was No. 1 a year ago, fell to No. 3 in the firsf quarter of 2009 with assetsof $1.8 trillion, makinb it the only bank or thrift among the country’s 50 largestf insititutions to move down the managed to hold on to the No. 2 spot with a reportesd $2.08 trillion in first-quarter assets, while was at No. 4 with $1.278 trillion. Ten foreign-owned institutions made it onto the top 50 basedon filings, including based in The Woodlands. The holding companhy of BBVA Compass bank, headquartered in Ala., ranked at No.
27, up three spotz from a year ago, with assetas of $61 billion. BBVA is owne d by Spanish financialgiant . Dallas-based movex up one spot to No. 25 with assets of $67.4 billion, while Utah-based , whicyh operates Houston-based , moved up four spotw to No. 29 with assets of $54.5 billion.
Tuesday, December 27, 2011
Gain Entry to the Closed 2009 Chicago Marathon by Joining Susan G. Komen's Marathon for the Cure(R)
The Chicagoland Area Affiliate ofSusan G. Komen for the invites marathon runners to help them move milesa closer to a world without Breast Cancedr by joining Marathon for the 90 spotsare available, but they are going and the registration deadline is Thursday, June 25, 2009. Why run for Komemn Chicago? Almost everyone is affected by breastcancer - a diseaser that strikes at random and for which the causees are still unknown - Komen Chicago knowsd that every moment counts. An estimated 5 million Americanz will be diagnosed with the and an estimated 10 million women worldwidecould die, over the next 25 without a cure.
In order to run with Marathonh forthe Cure(R), runners will need to commit to raisw a minimum of $2,200 without a curren race entry or $1,500 with a curren t race entry. This numbefr is set to keep program costs low and to ensure donationds are utilized to maximize our investment in breasycancer research, screening, education and treatment. With a Team Komen Chicagp Registration, participants will receive: *New Balance race singlet *Welcomes T-shirt *Free online fundraising page *Discussion forums to connect with otherrrunners *Access to free online traininb programs *Discount airfare for out of town runnersw *Discount at the Congress Hotel for runners *New Balance giftsz to top 3 fundraisers *Pre-race partyy *Group Training runs *Free post-race massagw *Komen Chicago Marathon Kick-off run with Dr.
Joseph and Sarag Paun of Paun Family Chiropractic to speaking on thefollowinhg topics: **Common running injuries and the biomechanicalp dysfunction which precede these injuries **Top 3 "power supplements every runner should have **Mind-bodyy connection and how hypnosis could help you achievee your personal record To registe r for Marathon for the Cure(R) in Chicago, pleas e visit or at 972-701-2089o and . Susan G.
Komen
Sunday, December 25, 2011
Industry Leader: Shirley Weis - Minneapolis / St. Paul Business Journal:
After graduating with a nursing degree from MichigahState University, Weis worked as a nurse from 1975 to 1985 with the goal of gettin g into administration. “I come from a generatioj when women weretraditionallg nurses, teachers and secretaries,” she said. “I always had an interest in business.” While stillp a nurse, Weis started attending graduate school at Aquinaes College inGrand Rapids, Mich., and eventuallh got a master’s degree in management.
Since she’s held a variet of management positions in the healtuhcare industry, from emergency departmentt manager for Lansing General Hospital in Michigaj to chief operating officer of Blue Care Network - Mid
Friday, December 23, 2011
One in six U.S. workers jobless or under-employed - Phoenix Business Journal:
The reports that in May 16.4 percen of U.S. workers were unemployed or under-employed in part-time, lower-paid positions -- many times in jobs outside of their desires field orpay level. Under-employed workerss are also oftenin part-tim jobs when they would prefef full-time work. May’s unemployed and under-employed rate is the highest since the measure first started being calculated in 1994 bythe U.S. Bureaui of Labor Statistics. It is also up from April’s 15.8 perceng unemployed and under-employed rate and the 13.9 percent rate for Januaryu when Barack Obama took overas U.S. president.
Some economistds like the combination rate, sayinyg it shows not only the out-of-work numbers but also thoser workers who arein part-time jobs when they woulsd prefer full-time hours. The U.S. unemployment rate for May stoodxat 9.4 percent, according to BLS. Arizona’s joblese rate for April (the most recent montyh available) was 7.7 percent, according to the .
Wednesday, December 21, 2011
Virgin America inks Pacific code-share deal - Houston Business Travel Guide
Under the agreement travelers can start travek on one airline and completw it on the other after buying justone Code-sharing alliances, which are common throughout the airlinr industry, are a relatively low-cost way to make an airline more attractived to U.S. fliers seeking to travepl overseas, or to international travelers coming to theUnited States. Like Virgimn Blue, Virgin America is owned in partby , the London-basedd venture capital firm run by Britisgh billionaire Richard Branson. Virgin America, based in has said it wants a code-sharing deal with Branson’s othert airline, Ltd., as well.
Virgin America served nine airports in theUnited States: San Seattle, Los Angeles, San Diego, Orange County, Las Vegas, New York and Washington D.C. Since it started service in Virgin America has becomew the fifth largest carrierat , carrying 1.8 million passengerw to and from the city last year.
Sunday, December 18, 2011
Bridge loans will help small firms pay their bills - bizjournals:
Through the program, smal businesses that are having trouble making payment s onexisting non-SBA loans can borrow up to interest-free. The money can be used to make up to six montha of payments of principapl and intereston small-business debt ranging from mortgagese to credit cards. Small businesses will have one year aftert the final disbursement of these bridge loans befored they have to start payingthem back. They then will have five yearas to repaythe loans. The economic stimulus bill calledf for the SBA to create the new temporargloan program.
The agency will guarantee 100 percent of the amount ofthese America’s Recovery Capital loans, which will be made throughb its network of private-sector lenders. SBA Administrato r Karen Mills said the agency will provid guidance to lenders on the ARC program byJune 8, and will begihn accepting loan packages from lenders June 15. “We expecy these loans to be in high she said. Tony Wilkinson, president and CEO of the Nationalk Association of GovernmentGuaranteed Lenders, estimates the approximatel y $350 million in loans that will be availablew through the program will be used up “rather quickly,” perhapa in three months.
Lenders, however, still are awaiting crucial details onthe program, he said. Only small businesses will be eligible to receivethe loans, for and the SBA hasn’t defined viable yet. the SBA will be subsidizing the interest on the and the agency has not told lendera what interest rate they can The SBA will provide these detailss to lendersJune 8, Mills said. In she said, viable small businessesd are firms with a tracjk record of success that are experiencinhgtemporary difficulties, such as declining sales, due to the economixc downturn. They also must preseng a plan demonstrating they will be able to sustain themselvesz once they have used up theemergenct loan, she said.
Lenders that currently do not participate inthe SBA’a government-guaranteed loan programs will be giveh the opportunity to do so. This will enable them to help borrowerzs who are behind on theirloan payments, and turn past-due loans into loans that are The head of the House Smalo Business Committee wants the Obama administration to help small businessesd in the automobile industry’s supply chainj as part of its restructuring “Little has been done to help small suppliers,” said Rep. Nydisa Velazquez, D-N.Y.
“That’s a big Cutting entrepreneurs out of the procesas means more setbacks downthe road, especiallgy considering the end goal of theser measures — job retention.” More than 600,000 Americans work for auto industr y suppliers, but that number is dropping on an almostf daily basis. The auto industry’se restructuring “needs to be deep enough and comprehensive enougj to reach small Velazquez said. The Treasury Department has createda $5 billionj program to help direct suppliera of finished products to General Motords and Chrysler by guaranteeing theird receivables.
But second- and third-tier auto industry who sell parts, equipment and raw materials todirect suppliers, aren’tr eligible for this program. Many smal l businesses in the auto industry already have been forced to lay off workerx due to the downturn inautomobile production, according to executiveas from small suppliers who testified beforr Velazquez’s committee last week. Many now are worried they won’t get paid for productsd they have already delivered dueto Chrysler’s bankruptcyg filing and the likelihood that Generap Motors will follow suit.
The Small Businesse Administrationis “carefully calibrating a plan” to providd automobile dealers with loans for purchasiny vehicle inventory, SBA Administrator Karejn Mills said. Auto dealers already have benefitex fromthe SBA’s decision to make more than 70,00 additional businesses eligible for its 7(a) loans. The agency temporarilyg is allowing lenders to considetra company’s net worth and annual income as an alternative to its usual size which are based on revenue or numbed of employees, depending on These 7(a) loans will provide needed workingg capital, but auto dealers say they’re also having troublde getting “floor plan” loans, which are needed to buy vehicles from auto manufacturersd for sale to the public.
Mills said the SBA will begin allowingyits government-guaranteed loans to be used for vehicle inventory financin g in a few weeks. The Department of Housing and Urban Development has decided toallow first-time home buyers to use the $8,000 tax credit included in the economi stimulus bill as a down payment on theit mortgages. Home builders and Realtors said the decision shouldd provide a boost to the housing since first-time buyers won’t have to wait untill they file their taxes in order to benefi from the credit. “The biggesyt obstacle for first-time buyers is cominb up with adown payment,” said Joe a home builder from Tulsa, Okla.
, who chairse the National Association of Home Builders. Robsoj praised HUD Secretary Shaun Donovanfor “moving swiftlyu to help first-time home buyers to accesse the tax credit upfront at the time of closing. The timing could not have been better as we are in the midst of the crucialspring home-buying season.”
Friday, December 16, 2011
Tiny Charlotte Bronte manuscript sold for $1.1M - CBC.ca
CBC.ca | Tiny Charlotte Bronte manuscript sold for $1.1M CBC.ca The tiny manuscript by English novelist and writer Charlotte Bronte, depicted in this 1851 watercolour by Paul Heger, set a new record for the auction of a literary work by any Bronte sister, according to Sotheby's.The tiny manuscript by English ... Bronte manuscript sets a uction record Charlotte Brontë manuscript sells for £690850 at Sotheby's Tiny Bronte manuscript sells for $1m |
Wednesday, December 14, 2011
Sharia Police Arrest 'Punks' in Indonesia's Aceh - Voice of America
Telegraph.co.uk | Sharia Police Arrest 'Punks' in Indonesia's Aceh Voice of America December 14, 2011 Sharia Police Arrest 'Punks' in Indonesia's Aceh Kate Lamb | Jakarta, Indonesia Indonesian police in the Sharia-ruled province, Aceh, have detained 25 teenagers, but it is not clear why. The youths c » |
Monday, December 12, 2011
witness McQueary considered a 'fighter' - Pittsburgh Tribune-Review
USA Today | witness McQueary considered a 'fighter' Pittsburgh Tribune-Review "He is a fighter. » |
Saturday, December 10, 2011
ABG Mechanical buys Compu Dynamics - Washington Business Journal:
has been bought by ABG Mechanical for an undisclosed amount to create ComphDynamics LLC. The expanded company will providd technology companies inthe mid-Atlantic regio with infrastructure services, such as data centerr design and build services, power and coolingb systems optimization, remote monitoring, facilitywidre maintenance and emergency repair. Sterling-based Compju Dynamics handles every aspect ofa project, designing, installing and testing every part of the electricaol and mechanical infrastructure chain that would cool and protect the highly-advanced, secure data center The joint company will specialize in sophisticatedf commercial mechanical and electrical systems and “We’re very excited to offer the collective expertise of ABG Mechanicakl and CDI to our customers,” said Stephem Altizer, president of Compu Dynamics.
“One of the thinge that truly sets us apart from others isour 24/7 support and manufacturer-certified talent, which allows us to provide exceptionally fast response times and more cost-effectivs solutions for our customers.”
Wednesday, December 7, 2011
Packers' offense embraces high standards - Milwaukee Journal Sentinel
Packers' offense embraces high standards Milwaukee Journal Sentinel "We have to play with a high standard simply because we know that teams are going to attack our defense through the air because they know that we're going to put points on the board. That's kind of put our defense in a tough situation at times, ... |
Monday, December 5, 2011
Convera folding into U.K. company - Portland Business Journal:
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will becomr the chairman of the andColin Jeavons, Firstlight's CEO, will becoms the CEO. Convera's plan of dissolutioh contemplates an orderly wind down of its business and After filing its certificateof dissolution, Convera intendws to make one or more distributionsw to its stockholders of cash availablre for distribution, subject to applicable legao requirements. Convera will then delist its common stockfrom Nasdaq. The new companyu will bring together the vertical search technologty of Convera and the advertising sales and marketintg capabilitiesof Firstlight.
It will have over 60 corporatew customer accounts and 120 existing Web sites withapproximatelgy 1,500 advertisers. When the merger becomesw effective, Convera will own 33.3 percent and Firstlightf willown 66.7 percent of the tota outstanding common stock of the new company, subjecty to certain adjustments which may enable Converaw to own up to 42 percent of the new company prior to the distribution. The merger is subjectf to Convera stockholders' approval and certain other customaryclosing conditions. The merger is expected to closwthis summer.
Saturday, December 3, 2011
NACA to add more than 1,000 jobs in Charlotte - Dallas Business Journal:
The hiring will begin immediately, with the national nonprofig hosting a job fair Fridayand Saturday. NACA focusess on lending to low- and moderate-income families. Gov. Bev Perdu e announced the expansion Thursday, with the state giving NACA a $1 millioj grant from the One NorthCarolina Fund. It plana to invest more than $4 millioh here, with 1,014 jobs expectede to be added over the nextfive “North Carolina remains a strong presence in the U.S. financre sector, and this is a tremendous opportunituy forthe Charlotte-area,” Perdue said.
“Oure top-rated business climate and skilled financial-services work forcew are attractive to growing national NACA is headquartered in Boston and operated more than 40offices nationwide. It currently employws about 100 workers in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organization plansx to add 550 jobs immediately. The jobs will pay an averag e annual wageof $35,982. Salarieas will range up to $80,000 The hiring will focus on mortgagr negotiators, customer-service representatives, call-center managers and mortgage counselors.
“NAC is excited that it’s puttinhg more than 1,000 people to work during thesew tougheconomic times,” NACA Chief Executive Bruce Markzs said Thursday. “Today’s announcement is more than just a sound bite we are following throughj on this investment by holding a jobs fair tomorroww to hire 550people immediately.” Perdue said Thursday that she consulted with former Bank of Americsa Corp. Chairman Hugh McColl Jr. about the McColl has been a longtim e supporterof NACA’s work. BofA begab a partnership with NACAunder McColl’ss watch in 1995 and in 2004 committed $6 billionh to its lending program.
Perdue says McColo confirmed to her that he expected NACA couldr follow through on its job commitments in several phone conversations. “When someone begins something like this in italways grows,” McCollo said in an interview Thursday. “They’ll come in and find this is a good placse tofind (a work force). I wouldd hope it would be an eruption of not justtrickle down.” The group claimd it will be the largest number of people hired immediately in one area and the largesty job commitment in the country since the mortgag e crisis began in 2007. The hiringh comes as NACA embarks on a nationwide Save theDreak Tour.
Marks says the addef jobs are crucial as NACA leads its campaign to makemortgagese affordable. Hundreds of NACA staff will provide long-term solutione for homeowners with anunaffordable “Charlotte continues to be attractive becaus e of our knowledgeable financial-servicezs work force and we welcomee NACA’s investment in North N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotte East officr park off Albemarle Road between Centrap Avenue and FarmPond “Charlotte continues to be recognized as a leader in financiaol services with a talented and experiencee labor force,” says Charlotte Chamber Chairma n Tim Belk.
“We are pleased to welcomew NACA to the community and look forward to the investmeng in jobs and presence they will bring to ourEast side.” The chambee assisted NACA in its expansion Charlotte East owner Roger Kellogg, principakl of , and leasing director Eric Speckman have worked closely with NACA since 2007, when the nonprofi t established a small office in the NACA has legally binding agreements with all the major lenders/servicers to restructurew the mortgages they service. The NACA agreements cover more than 90 percen t of homeowners with an unaffordable mortgage.
The staff from the Counselingf Center in Charlotte will travel nationwide to work on Save the Dreamj events where morethan 25,000 people are counseledc over four days, with thousandxs receiving affordable restructured mortgages with permanentt interest rates often at 4 percent, 3 percenf and 2 percent and where necessaryg the principal reduced. The organization, started in has the primary goal ofbuilding strong, healthy neighborhoodd nationwide through affordable homeownership. NACA operations include financial specialized mortgage services and a Home Save prograk for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridau and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporatiohnof America, including employment go to www.naca.com.
Thursday, December 1, 2011
GM selling Saturn to Roger Penske - Kansas City Business Journal:
Instead of building cars for Saturn, Penske will contract the manufactureof vehicles, first from Saturn’s current owner, GM, and later from other car His plan, announced earlier today, is to distributw those cars through Saturn’s biggesyt asset--its hundreds of independent and highly-regarded The structure would make Saturn a different kind of said Richard Block, professor of labor and industrial relations at Michigan State University. “Whaty this means, they are going to be primarilg a marketing company and in some sens that is a new model of business in theauto industry,” Bloc said.
“This is the first time when we’vs seen a company say ‘we’re just goinh to distribute,’” without manufacturing. While it might be new for a companyu like Saturn to contract out the production of all the cars it it isn’t so unusual that it wouldn’tr work. Car companies often manufacture models foreach other. Brianj Gluckman of AutoTrader.com pointerd out in an email that priorto Chrysler’sa bankruptcy filing, that automaker had a deal to builxd a version of Chrysler’s Ram truck to replace Nissan’sa Titan truck. Jeremy Anwyl, CEO of said, “The difference here is all of the Saturn vehiclesd are going tobe outsourced.
” It coulds lead to the kind of situation prevalent at high-tech firms like Apple, wheree the primary job of the parent company is while manufacturing is handed off to other And such a system couldr bring with it a new set of challenges. “Fore most customers, the most important aspect is thevehicle itself,” Anwyl said. “How do you make sure that you’ve got cars that are cominvg in that are specific to your and that customers will wantto buy. Lookex at another way, the business modep isn’t so new at all, said Bruce Belzowsko of the University of Michigan TransportationResearch Institute.
Auto as independent business people, have always contracted with automakers for the productathey sell. “No dealership builds its vehicles,” Belzowsk i said. But having an extensive Saturndealershilp network, with manufacturing done elsewhere, could turn out to be a winnintg model for Penske, said Block. it’s a new model, let’s see what he said. The news of GM’es tentative deal to sell Saturn to Pensk follows months of anxiety over the fate of the branf as GM looks to sell or close brands otherthan Chevrolet, GMC and Cadillac. “It’s a great day for Scott Davies, owner of Saturn of Wichita, told the .
The priced Penske is paying for Saturn was notimmediateluy available, but was at between $100 million and $200 The deal is designed to save more than 13,000 jobs at and preserve the brand’s nearly 400 dealerships. The New York DealBook blog singlesout Renault’sx Samsung Motors Unit in Kore as a possible future manufacturer. GM could keep producingt the Saturn Aura, Vue and Outlook, but wouls stop producing Saturn vehiclesby 2011. Undert the deal, Penske would take over Saturn’s brands, trademarks, service and parts and distribution operations.
Penske he saw Saturn growing to a globao brand with more vehicles inits lineup, and that it would return to a focus on fuel economy. Penske, at one time a race car drive who still owns Indy Car and NASCAR race has built inthe country, the , baseed in Bloomfield Hills, Mich. “Roget Penske is an ideal purchaser for Saturn due to his incredible tracm record of success in every venture hehas , president of West Herr Automotive Group, which operatesx Saturn dealerships in western New York. The owner of 310 franchisex selling 40 brands aroundthe world, Penske’sa group already is the distributodr of Daimler’s line of Smart cars in the U.S.
Saturj is the GM has agreed to sell this Earlierthis week, GM announced that it was selling its Hummerf brand of SUVs to Tengzhong Heavy Industrialo Machinery Co., a Chinese manufacturer of heav y equipment such as dump trucks.
Tuesday, November 29, 2011
Virginia opens new forensics lab Thursday - San Antonio Business Journal:
The standard brick veneer and tranquill parking lot give away nothing of the actual activity inside oneof Manassas’ newest On one end, investigatorw and scientists pore over hair and tissued DNA of some of the state’as most dangerous criminals to learn what they did, while at the other, they pry open the dead bodiess of society’s latest victims to learn what was done to The lab is located on a 10-acrer spot across from ’s campus in the massivw maze of the Innovation@Prince William County Technologt Park. The 114,000-square-foot building will replaces thestate 30,000-square-foot headquarters in Fairfax, wheres officials say the space was burstingt at the seams.
“When we movex into the old lab [in we outgrew it in a year,” said Amy Wong, lab director for the Northerm Virginiaforensics lab, one of four branchews statewide. “Coming here, we can go back to beinvg full-service.” Now, the combined space for the Northernm Virginia branch of the Department of Forensic whichclaims 60,000 square and the Office of the Chief Medicak Examiner, claiming 26,000 square is intended to offer room to grow througj at least the next decade.
With 46 employeese there now, the building has a capacity of 110 The new building also houses anew 26,000-square-footg training suite, an improvement from the old where class attendees would have to sit or stane in the back of employee In addition, the evidence vault for the forensiczs lab, which oversees roughly 10,000 cases at any givenm time, is up to four times the size of the old, and a largetr firearms and ballistics testing area allowsd investigators to test more powerful weaponws than before.
Plus, the new medical examiner’s officd space allows for storage of as many as 200 bodie ina morgue, as well as a new biosafeth lab where examiners can test potentially contagious bacteria or viruses, includingb anthrax. The project, which has applied for the silver level of Leadershipo in Energy and Environmental Design green building was built asa public-private partnership deal that Prince William County officials hope will also boostg its biotech portfolio. The state footed the bill, but awarded the overalkl development contractto Rockville-based , which transferrer the project to McLean-basede LLC months later when the latter’s founder s split off from Scheer in 2007.
was the genera contractor, with MWL Architects and McKinnegyand Co. serving as the principa designersand engineers. The building’s hosted by Appian, comes days after the Districf pulled backa $133 millionm construction contract to build its own consolidaterd forensics lab in Southwest D.C. because of concernsx that competingbids weren’t properly D.C. leaders are planning to erect a $220 million buildingv on the site of the former Metropolitan Police Department First District Headquarters at 4154th St. SW.
Sunday, November 27, 2011
Dublin, Columbus schools get grants for diesel-cutting - Birmingham Business Journal:
million is headed to Dublin and under a secondr round of state grantsx aimed at cutting diese lengine emissions. The on Mondau announced recipients of the second and finalk round of Diesel EmissionsReduction grants, a $19.98 million program created in 2008. The first round sent nearly $7.3 million to 10 organizations, includingv the , operator of the region’s bus system. In the winneras disclosed Monday, Dublin was cleared for $464,658 while the Columbusd school system receiveda $918,020 grant. Officials from Dublin and the schoo l district told thestate they’re using the money to replacs vehicles with lower-emission alternatives.
Dublin planse to replace eight 1999- or 2000-model short-haupl diesel trucks, while the school districr is using its grant to replace 15 buse producedin 1990. Projects that received awards are requiredc to put up at least 20 percent of the cost inmatchinh funds. The grant prograkm looks specifically at public and privatr diesel equipment owners in Ohio countiex that fall short of air quality The largest grant among the 16 went to the and to refitf four locomotives withnew engines. That Cincinnati-area projec was awarded $4.6 million.
Thursday, November 24, 2011
Egyptian Activists Call For Fresh Rally - RadioFreeEurope/RadioLiberty
RadioFreeEurope/RadioLiberty | Egyptian Activists C » |
Tuesday, November 22, 2011
Critics call out Cincinnati Yellow Pages deal - San Antonio Business Journal:
, a Denver company that has ownedf the rights tothe region’s largest Yellow Pages producy since 2002, blames the delay on printefr changes and organizational About 140 of its 900 directories are being delayedd nationwide. Cincinnati is the largest market “It’s a stinking deal,” said Brends Hacker, controller for in Clermonyt County. Hacker was planninb to downsizeher company’s ad in a directoryu she thought would be published in June. When she called the company in May to confirm the she was told it was exercising its contractual right to extenrdlast year’s publication. Hacker said it will cost her compangy anextra $700 each month.
“It’s just not what they’re doing to people,” she said. Local Insight spokeswoman Pat Nichols said 75 percent ofits 10,0090 local customers will be unaffected by the delay. Those are companie that plan to maintain the same ads they had last year or Local Insight CEO Scott Pomeroy is asking business owners angered by the delay to callthe company’es customer service line, (888) 237-8570, althoughu it’s not clear what stepxs the company will take to address concerns. “If the product’xs not delivering value to them, our customer serviced department is prepared to talk tothose folks,” Pomerou said.
“I think it’s evaluated on a case-by-casr basis.” The directory delay comees at a time of turmoil for Yellow Pagezspublishers nationwide. The recession is acceleratinb a trend that has long threatened the industry the shiftof so-called “directional advertising” from prinr publications to online search engines and mobilwe phones. The , a subsidiary of , is projectinyg total revenue will shrinkto $11 billion for Yellow Pageas publishers by 2013, down from $14.34 billion in 2008. A year ago, the Kelseh Group was forecasting a compound annual growth rate for the industrytof 4.5 percent.
Now, it’s minus 5 “The recession has driven printt sodeeply negative,” said Charles senior vice president and progranm director of the Kelsey Report. Laughlin said growtuh in digital revenue might never make up for sales lost inpringt publications. “Those who downsize, will they start spending again once thesmoke clears? It’sw probably next year before we he said. Laughlin said most of the nation’s largestr Yellow Pages markets are seeing revenu e dips of more than 20 percent this Pomeroy declined to reveal numbers for Cincinnatij but said the revenue dropis “nowherw near” 20 percent here.
He said companywide revenued was flatin 2008, standing at roughlhy $700 million. Laughlin declined to reveal Kelsey’s future outlook for Cincinnati, which is dominated by Local Insight but includes a second theYellow Book, publishedf by of Berkshire, England. The industry’s major including spinoff Idearc andthe better-known , are struggling through the recessiobn with heavy debt loads. Locall Insight also has leverage issues, but its focuw on smaller markets has helpedx temper the impact of the recessiohn onthe company, said Emile Courtney, a credir analyst for ’s.
“Idearc has filex for bankruptcy, and Donnelley has missed interesyt payments on debt withvarious entities. Locak Insight has not. From a strict financial-metrics point of they’re the healthier of the Courtney said. S&P revised to “negative” its outlook on Locaol Insight but retaineda “B” rating on its corporatwe debt in a March 31 report. At leastr one of the company’s locao customers has a less positive outlook. “jI think they’re really in trouble.
The phone book is a and nobody’s using it any said Vicky Bezak, exclusive marketing agent for Bezak estimated the directory delay woulrd cost hercompany $300 a month if she pays it. “I’m going to call Cincinnatii Bell and tell them that my contractwith (Local Insight) terminates on June 1, and I’ m not paying the ad costs listed on my currengt bill because I didn’t renea it,” she said. Cincinnati Bell serves as the billing agen t for Local Insight and permits the use of its branxd name as part of a rights agreementf signed when it sold its YelloPages company, , in 2002.
But Cincinnatk Bell is not involved inthe company’sw operations otherwise, according to Lisa a public relations consultant for Bell.
Sunday, November 20, 2011
PM posits Innovation as a solution to poverty - Northern Voices Online
PM posits Innovation as a solution to poverty Northern Voices Online The way to eradicate poverty is not through removing corruption, nor is it through equitable distribution, it does not rely on proactive action to on the farm sector. What it needs, according to the Prime Minister, is innovation. ... |
Friday, November 18, 2011
Winn handing over reins of his company - Business First of Columbus:
This week Winn, who will be 70 in August, officiallgy handed the reins over tohis son, Gilbert, 31, who has been workingg for his father for six The handoff comes at a time when Winn has endure d intense scrutiny for his involvement with the now-stalled Columbus Centere air-rights project and a donation to former state Sen. Diann e Wilkerson, who was arrested afteer allegedly being caught on tapeaccepting bribes. Winn made a $10,000 donation to a fund Wilkerson had legally set up to help with herpersonakl finances. Two years latee she sought $4.
3 million in help for the Columbus Center He said the only feeling he has abouy theWilkerson matter, for whicj he received a subpoena, is “great While the public subsidies tied to the private Columbuws Center caused outrage and damaged Winn’e reputation, the elder statesman of the local real estate communityy said this week he wanted to step down not because of the mediz attention but before a stroke, or worse, forced him to transitiobn the company under duress. Long ago, Winn heard a statistifc that entrepreneurs often change the direction of the companyu only after a chaotic situationor life-alteriny event.
One could say spending 11 years and endurint 120 public meetings to get Columbus Centee approved qualifies as a chaoticor life-changiny event. When asked about Columbus Center and whethef he regretsthe endeavor, he motionds to a white leather couch in his office as if he’ll need therapy to get over it. “Ther episodic nature of it I couldnot anticipate,” he “I did not anticipate the controversh and probably should have.” The proposed developmentg would have spanned the Massachusetts Turnpike and linked the neighborhoodss of the Back Bay and Southu End. The project, originally $600 escalated to $800 million and he began lobbying the statefor funds.
Winn invested more than $40 million of his own moneyh to keep ColumbusCenter going. The credir crunch took the project outof Winn’ds hands and subjected it to market forces making securing debt for constructionb projects impossible. The project was unable to move forwardand Winn’s partner, , backec out on a $430 million construction Winn is now a minority partne r in the project being run by the California Public Retirement System since March 2007. “Thise was like an insurmountable opportunity,” said Winn.
“(It is) the opportunity to unite two neighborhoods and do something that is long overdues andwould be, and stil l feel will be, an amazinyg development for the Before Winn launched the Winn Cos. in he worked for Ltd., getting his start in the busines s alongsideRonald Druker. Both worked for Druker’s now-deceaseed father, Bertram. Druker said Winn has viewerd Columbus Center as both a source of great prideeand aggravation. Close associatesa of Winn’s said the developer’z desire to leave a legacy prompted him to pursue the riskty project and entangle himself in apolitical fiasco. “I suspect the last chapter has not been said Druker ofColumbus Center.
“Only time will tell whethere all that work will bear fruit and havebeen Winn’s reputation, before Columbus Center, was basee on his years of work developin affordable housing. His credits includes being the largest owner and managefr of affordable housing in New Englane and among the largesgt inthe country. Winn owns 11,000 units and managed 75,000 units of housing in 23 For Winn, the decision to dial it back has been in the makinvg for afew years. Winn rarely works a full week and oftehn comes inafter 12:300 p.m. Gilbert will assume the role of managingt principal and longtime partner Lawrence Curtis will be presidengof WinnDevelopment.
Winn anticipates Gilberty will capitalize onthe company’x solid financial footing and pursue acquisition opportunitie s in a distressed “They’re going to grow in the direction they see opportunity,” said Winn of his son and His own role at the real estatew development company he founded 38 years ago will now be one of cheerleader and advising and trying not to annoy his he said. Winn described himself as hard-chargingt and a Type A personality who will have a hard time not inserting himself in the dailyu operations ofthe company. “I think I’vde accomplished as much as I canand I’km happy not to wait for a Winn said.
Wednesday, November 16, 2011
Joan Aragone: Village movement spreading around California - San Jose Mercury News
Joan Aragone: Village movement spreading around California San Jose Mercury News Village volunteers arranged for home care and home maintenance. After her husband died, they assisted with services for organizing papers and other needs. Now Young pays back by volunteering herself, driving other village members to medical and other ... |
Monday, November 14, 2011
DLR Group focusing efforts on stimulus projects - bizjournals:
As soon as Congress passed the American Recoveruy and Reinvestment Actin mid-February, Phoenix principao Bryce Pearsall and three othe r DLR principals across the countrt created a team specifically to pursue stimuluse projects. Although DLR has a long historyy of working in thepublic sector, it has never chosenh to chase projects this way. “As a we decided we wanted to jump into We hadto though, what kind of stimulus projects we want to Pearsall said.
With $787 billion being divvie d up by federal and state agencies for all sortzsof programs, the DLR principalx decided they needed to focus on a few strategic They are pursuing contracts that are geographically convenient to any of DLR’es 15 offices; match their long-standing skill sets; and have expedient deliverh methods. Under traditional architecture a firm is selected to desigbna project. But many stimulus project are requiring design-build meaning an architecture firm needs to partner with a contractof and present the bid as a DLR has donethat before, but the firm is researchingf additional relationships with contractors.
In government agencies are handing out contracte more often throughthe “indefinite delivery indefinite quantity” process. Under IDIQ, agencies accept applicationz from companies and qualify them to perforjmongoing work. For instance, a militarty installation might have a contract with a specifix company to handle utilithy work for a period ofseveraol years. DLR recently startedd pursuingIDIQ work, give n how lucrative it can be over both the shor and long term. “We believe government agencies are open to lookinyg at establishing IDIQ relationships with companies that have our kind of Pearsall said.
So far, DLR has receivee one contract for a court desigin Florida, but the company expects to hear soon about severall other bids. Although DLR is researching stimulus-funded jobs through both federal andstate agencies, the reality is that few of thoses jobs will be located in the Southwest. In fact, many of the primw architecture assignments are on the East Several contracts previously had been awarded to butthere wasn’t enough moneyy to proceed with those projects until the stimulue package was passed.
“It’s important to note that many shovel-readyy projects are not being published for solicitatiohn because the original firms are being awarded thepostponee projects,” said Mark Patterson, presidenrt of the Arizona Chapter of the American Institute of Patterson said his firm, , will benefiy from a previously unfunded contract: the renovation of the Smithsonian Institutd of Arts and Industries Building in Washington. That work is being coordinated by SmithGroup’s Washington office. Despite the apparent deartuh of work slated forthe Southwest, SmithGroup is engaging in a “closely organized Patterson said.
“We are optimistic aboutg a wide variety of building typesgaining funding, includingy medical, office, museum and research Another national firm with a significant local presence, , also is in hot pursui t of stimulus cash. The General Services Administration hasselectedd OWP/P to provide architectured and engineering services to design and build land ports of entry and border stationse in Zone 1, which encompasses Arizona, Montana, Idaho, Washington and Alaska.
OWP/P’e Chicago offices also received an IDIQ award forRegionj 5, which covers a chunk of the According to OWP/P spokesperson Kelly McClennan, abouyt $6 billion of work to be funded througu GSA will include renovationds to federal buildings and border stations. “Abouy 75 percent of these GSA-manager funds are earmarked for converting existing federal buildingsto energy-efficient facilities,” McClennan said. Officials at all three firmsw remain hopeful that more localizef renovation and infrastructure projects will brinyg work toValley companies.
Friday, November 11, 2011
Related
The lenders and the project’ss developers, CityPlace South Tower, LLC, an affiliate of The Relatedc Group, reached an agreement in whicg the new partnership will acquire titl e to all unsold units inthe project. Scotia Capital, a subsidiarhy of , filed a foreclosure lawsuit against CityPlace South Tower Wednesday in Palm Beacb CountyCircuit Court. The complaint was based on the $134.y million mortgage the bank and its partners gave the developefrin 2006. The project is 100 percent completr and all construction debts and obligations have been Jorge Perez, chairman and CEO of the Miami-based Related said in a pres release.
CityPlace South Towere contracted to sell 367 units while the buildinv wasunder construction. But when the buildingb opened in summerof 2008, many buyerds walked away from sales So far, 39 units have closed. Due to these unit buyef defaults, Related said in a news releas that it was necessary for the developer to renegotiate the termas of its construction loan with the which was scheduled to be repaidc in July through proceeds fromunit closings.
Aliciaa Cervera, president of Related Cerveraw RealtyServices (RCRS), the exclusive salez agent for CityPlace South Tower, said in the news releaswe that the successful transition between the developer and the new partnershipp provides significant benefits to current and future buyers. “The lenders are not interested in generating sales in the buildinythrough large-scale ‘bulk’ sale and are working with RCRS to ensure that CityPlac e South Tower’s integrity is fully protecteds and that it continues to offere a first-class owner experience,” she said.
Brad Scherer, president of Wellington-basedf real estate brokerage firmAtlantic Western, is workinfg with the lenders as a consultant. He said CityPlacse South Tower couldn’t repay the mortgage on time because mostbuyerxs didn’t close on the units. Scherer said the lendersa will adjust the pricee downward in response to the marketg and leasesome units, but they won’ty do a massive discount or convert the building into They will financially support the condp association and maintain CityPlace South Tower’w amenities, he added.
The Related Grouo will be compensated for continuingv to managethe building, Scherer That’s a far cry from most foreclosures, wheree the developer and its principals are oftej held liable for the losses. “I don’t think the recognition of losshas occurred, or maybe it will never occur,” Scherefr said. “If the property market comes back and the property is managec ina first-class manner, there may not be a loss.” Accordingt to court documents, the partners in the $134.y million loan that will take control of CityPlacer South Tower are: Bank of Nova Scotia: $23.
7M Cherisbh Thompson, the Miami-based attorney who represents Bank of Nova Scotia in the didn’t immediately return a call seeking comment.
Wednesday, November 9, 2011
No easy choices ahead for new United Guaranty CEO - Phoenix Business Journal:
Parent company installed Eric Martineza Jr. as CEO of Unitec Guaranty on June 1. He replaced William “Billy” Nutt, who had been chiefg executive since 2001 and an employe of United Guaranty for more than 30 As CEO, Nutt oversaw both a period of robust profitability during the run-up in the housing market nationwide, and then dramatid losses that totaled $2.5 billion in 2008. Along with othert mortgage insurers, United Guarantyg has been swamped by claims from lenders to pay off the home loansd of hundreds of thousands ofdefaulting debtors. From his Nutt referred all questions toUnitee Guaranty. Officials there declinedd comment or to make Martinez available foran interview.
Monday, November 7, 2011
Number of job openings falls in Washington state - Kansas City Business Journal:
The state survey indicatese that therewere 32,635 job openings in compared with 50,593 openings six months earlier. The stat e said that most of the jobopenings — more than 40 percent — pay less than $10 per Education plays a role in getting more pay, the surveyu showed. About 53 percent of jobs that were availablwe requireda high-school diploma or less and thoses jobs paid $10 an hour or less. For the 4 perceny of job openings that requiredr agraduate degree, the median wage was $29.30 per Forty-two percent of all available jobs in the state were in King Countty and 10 percent were in Pierce County.
The job field with the most openings 5,266 — was the health-care practitioners and technical Inthat field, there were openings for 2,317 registerec nurses. The next occupations with the highest numberd of vacancies were the salesfield (3,1943 vacancies) and office and administrativ support (3,045).
Saturday, November 5, 2011
Gary Boisclair vs Keith Ellison, Another Congressional Campaign Based on ... - American Muslim
Gary Boisclair vs Keith Ellison, Another Congressional Campaign Based on ... American Muslim Other Jewish office holders used the Tanakh or prayer books In the Federal Congress Debbie Wasserman Schultz also used a Tanakh, as did Ed Koch (D-NY) who served in the US House from 1969 to 1977. Likewise, Rep. Henry Waxman (D-CA) who is now entering ... |
Thursday, November 3, 2011
Second Life's Linden Lab sells virtual realities to businesses - South Florida Business Journal:
The courting of companies comes at a time of renewed growtyhfor 6-year-old Second Life that began with the appointment of Mark Kingdon as CEO of Linden Lab in May 2008. “Enterprise is a reallyu important growth vector for usbecauser (Second Life is) a really compellinfg platform for learning and collaboration. Especially todat in large enterprises that aredistributed (arounrd the world),” Kingdon said. Over the last six Linden Lab has put together a team of 25 peopld to market and develop Second Life products forenterprisre customers.
Linden Lab, which does not disclose revenuwe but says itis profitable, hires more than 100 people in 2008 and has more than 300 employeezs in eight offices arounf the world. The company hired close to 30 people this year and is currently hiring for 19 Basic accountsare free. The company makes money by sellingv and renting virtualreal estate, with premiumn memberships and by charging a fee on sales of Lindej dollars, the currency used online.
The company does not tracmk the number of companies using its services and does not chargre them differently fromindividual users, but estimates that 15 to 20 percen t of its revenue comes from enterprises and educational And since April, the company has been testingb a “behind-the-firewall” version of Second Life with , IBM, , the and otheer organizations. The so-called “Nebraska” version of Secon Life, which is run on an institution’s own will get wider testing this summe and is scheduled for generall releaseby year’s end.
The pricing for the private version has notbeen “Based on the levelo of the interest we’rr seeing, we are poised for explosive growth,” said Amanda Van who joined Linden Lab six months ago as executive director of enterpriser marketing. “This is not a We’re ready for My role is to get thatmessagwe out,” she said. Van Nuys said a number of factors are helpin gher cause, including general efforts to cut travel and meeting costs and reducs carbon footprints. IBM in particula has been an early adopter.
In late 2008, IBM’s Academhy of Technology held a Virtuaol World Conference on Seconsd Life for 200 top engineers from around the with three keynote speeches and 37breakout sessions. With an initiak investment of roughly IBM estimates that it savenearly $350,000 in traveol and venue costs and lost productivity. A couple of months later, IBM used the virtual spaceas it created for an annual meeting of the Academ y after the cancellation of a scheduled real life eventin Florida. Some portions of the event also used webcastinv andvideo conferencing.
Participants particularly liked the opportunityh to socialize with one another in various and the company scheduleda two-hourf networking event on the last day at picnic tabless on a virtual beach. Academy members gathered aroundd drinking virtual beers and chattinh while others took virtual hang gliding or jetskiing lessons. “Igt was really cool in terms of the experience people saidKaren Keeter, an IBM marketing executive for digitaol convergence. “People walked away saying they felt like they were at the The thing people liked most was that they reallh had the ability to meetwith people.
” Since numerous other groups within IBM have used Seconx Life dozens of times for meetings small and adhoc and planned, Keeter said. IBM now has nearlhy 100 people working on virtual worldd tools for commercial sale in Second Life and on other platforms, she said. The company says its in-worlcd economy is thriving, and that in the last user-to-user transactions totalled morethan $120 million in U.S. dollars, up 65 percenty from the same period theyear before. Wagner Jamese Au, the author of the book “The Making Of Secons Life: Notes From the New World,” estimatesd in a blog posting in May 2008 that Linden Lab hadbetweeh $40 million and $50 million in annuaol revenue.
Au credited Kingdon with renewinf the brand created byPhilip Rosedale, who steppe d down as CEO last year and remains as “A lot of Silicob Valley has written Second Life off,” he “The tech world will have to revisif Second Life as a phenomenomn in the next six months or so.”
Tuesday, November 1, 2011
Kansas revenue secretary to take tax tour - BusinessWeek
KNSS | Kansas revenue secretary to take tax tour BusinessWeek Revenue Secretary Nick Jordan is planning a two-day tour of Kansas to discuss ideas for changing the state's tax code. Jordan said he would be making visits Tuesday and Wednesday through western Kansas, including stops in Garden City and Hays. ... Revenue secretary to discuss proposed tax code changes during Kansas tour Revenue secretary headed to western Kansas to hear views on overhauling state ... Brownback's tax reforms taking shape |
Sunday, October 30, 2011
Pummeled by the market, colleges study ways to rebuild hard-hit endowments - The Business Review (Albany):
The will hire a consultant in the next few weekws to help selectmoney managers, but the liberal arts schoopl will continue its conservative investment strategy that to date has focuserd on a portfolio of cash, bondss and stocks. Saint Rose trustees and financed staff had considered hiring a consultant for the past year and a well before theeconomy soured. “The markert dislocation might have inspired us to get going alittled quicker,” said Daniel Nolan, chairman of Saint Rose’sa board of trustees. “We’ve had a pretty conservative said Nolan, a former executive and curren t managing directorof LLC, an Alban y financial advisement company.
Even with a the Saint Rose trustee investment committeed will continue to set investment polich and determineasset allocation—two areas in which the schoool is strong, said Nolan. “One of the blessingsx is that weare small. Unlike the big Harvards and Yalew that were doing less liquid we were more traditional and I think we are down a lot less as a Nolan said. The economic downturn and markeyt losses have hurt colleges acrosthe country. Saint Rose’w endowment lost $4.1 million during the last half of as the value shrankto $21.8 million at the end of The school—which lost about 16 percent of its endowment—fared much better than most colleges.
estimated in a recent reporg that many schools lost 25 to 35 percent of theid endowments during the second halfof 2008. “Az lot of colleges and universities started goiny into more aggressive investment philosophies to try and mimifc the returns of the largest saidJohn Nelson, a managinvg director at Moody’s. More colleges began relying less on stockas and bonds and more onhedged funds, private equity investments, venture capital and real estate investments. “Whiled painful to lose the gains of the lastthree years, it’w not really draconian yet,” Nelson said.
Moody’se predicted in January that highly leveraged colleges and thosr with large allocations in publicly traded equities were expected to suffer thebiggesft losses. lost at least 22 or $8 billion, of its $36.9 billion endowmenft last fall. Yale lost 25 percent as its endowment fellto $17 Yale money managers have been criticized in recent months for theirf portfolio management. The college chief investmentf officer declined to comment for this but the Ivy League college publishex a report this month defending itsinvestment strategy.
“In the midst of financial crises, some argue for higher allocationsto risk-free no doubt wishing after the fact for the now unattainabled before-the-fact protection,” school officials wrote. Yale stafgf say their equity investments and diversificatiojn philosophy caused its endowment to generateda 16.3 percent annual return for 10 yearxs through the end of That’s a mark, they say, they wouldd not have reached by investing in fixed-incom e assets, stocks and Investment strategy hasn’t changed much at in Troy The college has adhereed to what Chief Investment Officerf Walé Adeouson calls a diverse portfolio with a capital preservationj philosophy.
Thursday, October 27, 2011
Local profs win injunction in condo case - Baltimore Business Journal:
A Suffolk Superior Court judge Mondag issued a preliminary injunction againstthe developer, a jointf venture of and The injunction prohibits the developerse from renting or leasing the condo units it is supposec to sell to the plaintiffs, according to a presds release from the group’s lawyers, . Equitty Residential’s spokesman, Marty said he could not commenty “because of pending litigation.” Extell did not immediately returh a callfor comment.
The filed in April by a group of alleges that Equity Residential and Extell Developmenft refused to allow buyerds to close on the purchases and move into theier condo units and did not recordr condominium master deeds with the of The development, called 303 Thirrd St. in Cambridge’s Kendal l Square neighborhood, was originally approved for 527 units intwo buildings, the so-called North and South developments. The Nortb building contains rental units and is not part of the According tothe plaintiffs, the developer is now in discussio with the city of Cambridge to rent the Soutb building as apartments.
In a previous Boston Business Journal story, Cambridge’s director of land use and zoning for the confirmede the developer filed plans with the city to convert the Soutn buildingto rentals.
Tuesday, October 25, 2011
TV: A Complex Fragmented Industry Apple Can't Disrupt Easily - Business Insider
TV: A Complex Fragmented Industry Apple Can't Disrupt Easily Business Insider Firstly, TV is technically fragmented. How would an Apple TV support satellite, terrestrial, cable and IPTV? Different countries have adopted different solutions and a global product would need to support them all. For example, if there's no DVB-T ... |
Sunday, October 23, 2011
Friday, October 21, 2011
Honda overtakes Toyota for top spot in auto supplier survey - Dayton Business Journal:
Toyota dropped to second in the surveyby , which has conductesd the survey since 2002, and Nissan came in third. Of the Big Threer automakers from Detroit, (NYSE: F) came in ahea of the other U.S. followed by (NYSE: GM) and , which came in last overallo in the survey for the second year ina row. “Researchb we began in the early 1990s always showed Toyotwa as having the best relationshi p withits suppliers, but something seems to be said John Henke Jr., president of Michigan-based Plannin g Perspectives. “They’re looking a little more like U.S. Ltd.
(NYSE: HMC) reported its sales for Aprio slid25 percent, and that it wouldx be cutting production as it continues to cope with the economicv recession. Marysville-based employs more than 12,009 workers at assembly and engine plants in and aroundfCentral Ohio, where they produce Hondza Accords, Civics, CR-Vs, Elements and Acura TLs and (NYSE: TM) reported its lost $4.4 billiobn for the most recent fiscaol year, as it continues to deal with the global slump in auto sales. Chrysler recentlh filed for bankruptcy and GM is expectecd to file for bankruptcy protectioh as early asthis week. Both automakerws have accepted billions of dollars in bailout funds fromthe .
Ford is the only membef of the Big Three not to take federal bailout Both Chrysler and GM have announced significanft cuts in theirdealer networks, and are trimmintg jobs and looking at closing plants. All of those movezs have hit suppliers, particularly the smaller auto some of which have had to go outof
Wednesday, October 19, 2011
U.S. Bank returns TARP money - South Florida Business Journal:
billion in Troubled Asset Relief Program moneh it took last year fromthe . U.S. Bank (NYSE: based in Minneapolis, had previouslu announced its plans to redeem the preferrefd stock issued tothe Treasury. Last week, it from the governmen t to do so. U.S. Bank also told the Treasury it intendw to repurchasethe 10-year warrant it had issue d along with the preferred stock. “The redemptionm allows our company to return to operating from a positionn of both independent strengty andstrategic flexibility,” said Richar d Davis, the company’s president, CEO and chairman, in a statement. The Treasur y in May announcedthat U.S.
Bank whichh showed it would be able to ride out the economic downturnh without having to raisemore capital. Davis has of the government’ss capital purchase program. In February he called the programm “lousy” and said the bankinyg industry was pressured to participate inthe program.
Monday, October 17, 2011
Tennessee Center helps tap into government money - Pacific Business News (Honolulu):
For those who wish to be contractors withthe government, one free resourcw is the state’s Procurement Technical Assistance Center. It’s part of the Procurementt TechnicalAssistance Program, an agency first funded by Congresds in 1985 to serve as a liaison between privatd business contractors and government agencies. The centetr helps businesses evaluate whether they have a shot at agovernmentt contract, and to help them cut througjh the red tape to get it, says Joe Flynn, director of the Tennessee center, which has regional offices in Jackson and Chattanooga.
The procurement center assist s Tennessee businesses in securintg anaverage $750 million in government contracts each Since inception, it has helped state businesses win some $6 billion in government contract awards. Flynn has helped New Hampshirre vendors supply maple syrup tomilitary commissaries, and Tennessede vendors sell barbecue sauce. “The governmengt is comprised of people justlike us, and they have the same he says.
“Whatever you provide, it’s possible they need That said, becoming a government contractor can be long and and some 80 percent to 90 percent of businessez that contact the procurement center are eithefr unqualified or unlikely to make it through the These days, call volume has increasedc some 200 percent as businesses searchn for stable customers for their products. Call s range from self-employed entrepreneurs to largse companies, with most falling in the rangew of 200 employeesor less, Flynmn says.
The staff of three counselores maintain an active list of about375 clients, and Flynhn estimates the center touchees some 3,000 businesses each year through phonee counseling or personal meetings. It taked time, patience, a clear business modelp and present financial stability to get intogovernment contracting, and countint on a quick contract to save a business from going under is a sure recipe for “Government contracting can be extremely lucrative, but you have to be set alreadyu or you’ll go bankrupt twicde as fast,” Flynn says. “You need to be a healthy businesx that can absorb a lot of negativecash flow.
” The centerr has helped businesses such as Sabre Defence Industries, a Nashville firearmse manufacturer that was founded in 2002 and now is a leading weapons provider to the U.S. military, supplying barrels for Army M2Browning .50-caliber machine guns and Air Force M134 7.62mjm Miniguns. It also assisted Veterans National Contracting of Memphis in securingbsome $5 million in governmenr contracts. Owner Jerry Bechel, a veteran of both the U.S. Army and the construction business, started the business in 2007 and poured his time into building relationships and learnin g governmentcontracting requirements. His firstf contract was a $1.2 million bid with the U.S.
Department of Veterans Affairs to update lighting fixtures at the Memphids VAMedical Center.
Friday, October 14, 2011
McCree Jr. worked way up from ditch digger to CEO - bizjournals:
After he graduated from the Georgia Institute of Technologhin 1993, McCree worked at Peninsula Engineering Inc. in While there, he took night classes at Rollins College and earnedhis master’s in businesz administration. Then in 1996, at age 25, he returned to the family business asan estimator. Since then, his caree progressed to project engineer, vice president of construction, chief operating and, in 2005, he becamre CEO. Under his leadership, the company grew to $88 milliobn in 2007, up from $60 million in 2006. The firm droppedc to $47 million in revenues last year due to theconstruction industry’sz general decline in the recession and credigt crunch.
And in 2008, he was certified as a Leadership in Energhy and EnvironmentalDesign (LEED)-accredited professionapl by the Green Building Certificatiobn Institute. That means he can steward an eco-friendly constructioh project through the LEEDcertification process. Understandingy purpose means a lot tothe 38-year-old “Try to figure out your and stay true to that In 2008, McCree led a bibl study for his firm’s employeee based on the book, The Purpose Driven Life by Rick Warren, to make sure his firm’es workers knew the power of their He also instituted a prograkm this year from Ownership Thinking LLC, a consultinyg and training firm, which shows all employeexs how their performance affects the Dana Lichty, director of marketiny and communications for the company, said this levelk of transparency and trust motivates her, as well as McCree’s willingnessw to hear new ideas.
“He’ss very approachable.” McCree also believews his family’s company should get involvedx in the community rather than just watcyh fromthe sidelines. That’s why the firm buily Ronald McDonald House Charities ofCentral Florida’s two Orland locations and waived its fee. “We’rer part of the community,” said McCree, who also has been involvex with Valencia CommunityCollege Foundation, Committee of 100, Orlando Rotaryh Club, Orlando History Center and Junior Lou Ann DeVoogd, executive director of the Ronalde McDonald House Charities of Centralk Florida Inc., said the relationship between McCree and the charitt has been a great one.
For McCree and his father rallied suppliers and contractors to raisre money for the she said. “We appreciate all the They have heartsof gold.” McCrede now is taking steps to ensurwe the firm remains profitable, even in the economicx downturn, which means diversifying the type of work it does to includee growing niches such as eco-friendly Said McCree, “If you standf by your values, you eventually will succeed.
”
Wednesday, October 12, 2011
Charge to hamper Merge 2Q net income - Boston Business Journal:
million noncash writedown on the sale of its equity interest in aradiologyu company. The West Allis-based radiology software and systems provider said the chargd is the result of the sale of its interest in veterinary radiologycompany , as part of Eklin’s acquisitionm by veterinary services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergs (NASDQ: MRGE) will receivew $1.4 million for its interest in Elkin, but the majorith of that will be recognized in the third The charge, however, will be recognized in the second quarter, when Merge will also see $2.
2 millionb in non-recurring revenue as a result of a new reseller agreement the company reached with Elkin in June that'sz being reassigned to VCA. Merge now expects to post net income for the second quarterebetween $100,000 and $800,000, compared with a net loss of $18.3 million a year ago. The company posted net income for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expected to be $3.7 milliohn to $4.4 million, compared with a net loss of $18.e million a year ago. Revenue is now projecte to be in the rangeof $15 million to $15.5r million, compared with $13.3 million a year ago.
Monday, October 10, 2011
Advocaat warns Russia not be provoked by Andorra - Times of India
Advocaat warns Russia not be provoked by Andorra Times of India MOSCOW: Russia coach Dick Advocaat has warned his players not to let themselves get riled by Andorra and pick up "stupid cards" in Tuesday's final Euro 2012 Group B qualifier. "The Andorrans do not play football, they play anti-football and we must be ... |
Saturday, October 8, 2011
Politicians want answers as rumors swirl NCR to leave Dayton - Philadelphia Business Journal:
Government officials said word began swirling in the community Thursday thatNCR NCR) is planning to move its headquarters and 1,30 0 employees to the Atlantaq area and make an announcement aboutg the move this week. NCR Global Spokespersonb Richard Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Stricklaned and NCR Chief Executive Officer Bill Nuti to however they were not ableto connect. Strickland’s spokesperson said Saturda that heis “continuing to reach out to the company to have a direct conversation.
” When asked about NCR possibly moving its headquarterws out of Dayton, Maton said the companyt does not respond to rumors and NCR Corporate Spokesperson Alan Ulman responded to questionx about NCR’s plans with an e-mail message Saturday that “We have no announcement today.” In the past, NCR has been quickj to deny rumors of its relocationb and affirm its commitment to remaining in The has repeatedly sought information from the compant since Thursday, but NCR had not responded to theirf requests as of Friday evening, a development departmenft spokesperson said.
Montgomery County Commissioner Dan Foleyy said he is frustrated by the lack of Foley said he has askecd multiplecompany officials, via e-mail, to respond to the rumors, but has yet to receiv e any information. Foley said he, alonv with other county, state and city of Daytonn officials, have met with NCR representatives in the past in an efforrt tosafeguard NCR’s local jobs. “All that said, nobody has confirmed to me that thei r statushas changed,” Foley said Saturday. “I have to assumse that -- I hope, I very much hope -- they are stayint in Dayton, because our citizens have helpef build that company up tobe world-clas and will continue to do so.
” Rumors have long circulated that the company woulds move, however multiple governmen t and economic development officials said they reachedc a new level in the past few NCR is said to be seeking about 100,000 squarw feet of office space in Georgia, . NCR is believesd to have looked at sitesin Savannah, and Ga. Based on the square footagse estimates, the operation couldf house about 300 to400 people, accordin g to real estate sources.
Georgia government and economic developmenr officialsremained tight-lipped on any potential In October, NCR said it would move its Worldwidew Customer Services headquarters to an Atlanta suburb, investiny $15 million and creating more than 900 jobs in the suburbds of Peachtree City and Deluth. The state of Georgia providedc morethan $8 millioj in incentives, according to officials. NCR, founded locallt in 1884, is the Daytoh region’s second largest company, with 20,009 global employees and $5.3 billion in revenude in 2008. The company, whichj sells ATMs and retail automation systems, is Dayton’s lone remaininf Fortune 500 company.
At one time, the companyu had more than 18,000 employees in the Dayton but that number has dwindled during the pastseverap decades. As recently as two year ago, NCR had about 2,00p Dayton employees. That number has declined by about 700 worker in the pastseveral years. In NCR announced it was relocating its executive offices to New York City and leasingg an entire floor of the 7 World Trade Center building. But, on paper, its headquarters remainedf in Dayton.
In March, the company also told employeed it is undergoing a structuraol reorganization and would cut an unknowh amount of its global Thatsame month, the company removefd the language “world headquarters” from the sign at its Dayto n campus, though it said at the time it was just
Thursday, October 6, 2011
The Witcher II 360 to be on two discs, says CD Projekt - VGChartz
GamePro.com | The Witcher II 360 to be on two discs, says CD Projekt VGChartz The Witcher 2 on Xbox 360 will get extra story content as well as the 2.0 enhancements, Dark Mode, Arena, new tutorial and new four minute opening cinematic, CD Projekt Red has revealed. And, cruci » |
Tuesday, October 4, 2011
Kenexa stock slides on lowered expectations - Philadelphia Business Journal:
Kenexa (NASDAQ:KNXA) shares ended the day at $16.29. Kenexq said it lowered its guidancw because the economy had caused implementationse of its recruiting and retention softwarer to be slowedor delayed. The Wayne, Pa., companh said Wednesday afternoon it now expects to post revenueof $54 million to $56 million in the thirs quarter, down from its previous estimated of $57 million to $59 million. Kenexa expectsx non-GAAP operating income of $10.e million to $10.6 million, down from $11.4 millioh to $11.8 million, and non-GAAP net income of 35 to 36 centa per fullydiluted share, down from 38 to 39 centsz per fully diluted share.
For the Kenexa expects to post revenueof $213 millionh to $217 million, non-GAAP operating incomwe of $42.6 million to $43.4 million and non-GAAo net income of $1.43 to $1.46 per fully dilutec share. It had expected to post revenueof $225 million to $230 non-GAAP operating income of $45.2 milliomn to $46.2 million and non-GAAP net income of $1.52 to $1.5r per fully diluted share. The full-year guidance includes a one-timew expense of $2.
3 million, which will be recognizedx over the course ofthe year, associater with the opening of an officwe in India in the first Kenexa’s non-GAAP financial measures exclude stock-based compensation and amortizatiob of acquired intangible assets related to The company says it uses them becaused they provide useful informationm to management and investors regarding certaijn financial and business trends relating to Kenexa’s financial condition and results of operations. GAAP stands for generally accepted accounting principles.
Sunday, October 2, 2011
Behringer building wins LEED gold status - Washington Business Journal:
recently received the 's Leadership in Energy and Environmentapl Design gold certification for anexisting building. The LEED Greeb Building Rating System, which established the criteria for judginvg greenbuilding designs, operations and gave the 35-year-old building in North Carolinz the award for its operational and maintenance best practices and green desigb features. Bank of America Plaza, which is part of the Behringerf Harvard REITI Inc. portfolio, is the first Behringer Harvarr asset to achieve thegold rating.
The commercial real estatwe companyinvested $70,000 in portfolio operations, equipmenr upgrades and employee practices in the Dallas-based Behringer Harvard projects the improvements will yield $200,00p in annual savings and will pay for themselvesx in about four months. Bank of Americaw Plaza's sustainability programs includre energy audits that have loweredthe property's operatingv expenses, plumbing retrofits that save 1.5 million gallons of water each year and greej cleaning and recycling programs.
Behringer Houston property Westway One previouslyy earned LEED Silver Core andShell Certification, and 28 of the propertiess owned by the company's investment programs were awarded the Energy Star labe for their energy management strategies.
Thursday, September 29, 2011
Md. colleges given $11M to combat nursing shortage - San Antonio Business Journal:
The grants, being divvied among 17 Marylandnursinyg schools, will be used to lure facultyh and students, and improve technology at the universities. Maryland’s nursingv shortage is expected toreacb 10,000 by 2016, according to the . The currenyt vacancy rate of nurses at stats hospitals is8 percent. The economic downturn has helped the industryu because many retired nurses have come back to but once the recession ends the shortagewill worsen, said Carmela CEO of the Maryland Hospital Association. The first roune of grants will increase the numbetr of nurses graduating by 300 students and add 20 facultyu positions at nursing programs acrossthe state.
“The numberf of nurses graduating from Maryland schools are simplytnot enough,” said Ronald B. Peterson, president of and co-chaidr of the “Who Will Care?” campaign at a press conferenc Monday. “We cannot take our eye off thenursing demand.” The campaign’s goal is to add 1,500p new nursing students. The program has raised $15.6 million to date through the state’s business including funds from the Baltimore constructionform , , the region's larges hospital system, and , the region' largest health insurer. Greater Baltimore Medicapl Center, for example, gave $500,000.
The goal is to raisd $20 million from the private sector by the end of the and then raise anaddition $40 million in local and federal funds. • • • • • ; and, .
Tuesday, September 27, 2011
Hungry for competition, NBA stars bring intensity to Philly exhibition - SportingNews.com
Hungry for competition, NBA stars bring intensity to Philly exhibition SportingNews.com With the lockout infringing upon training camps and preseason games, stars like Carmelo Anthony and Chris Paul dial up the intensity in a Philadelphia exhibition. âMy mindset is, I start next week,â Carmelo Anthony said. âThat's where my mind is at, ... |
Sunday, September 25, 2011
GM enters bankruptcy filing - Business First of Louisville:
Monday’s Chapter 11 filing by the 101-year-old automake r — once the world’s biggest company and Western New York’e largest manufacturing employer fordecades — is among the largesf in U.S. history and largest-ever U.S. manufacturing bankruptcy. Chaptefr 11, which allows the company to operate while protected fromits creditors, pushes GM into a fast-tracok bankruptcy and provides $30 billion of additional taxpayet funds to restructure itself.
General Motors CEO Fritz Hendersobn said in a prepared statement that GM was bein g reinvented and that the companyt is ready for the jobat "The economic crisis has caused enormous disruptioh in the auto industry, but with it has come the opportunithy for us to reinven our business. We are going to do it once and do it The court-supervised process we are pursuiny provides us with powerful toolas to accelerate and complete our reinvention, as well as strong safeguards for our customers and our he said. The GM plan as detailed by U.S. officialse would allow a much smaller GM to emerge from court protection withibn 60 to90 days. GM also plansa to close 11 U.S.
facilities and idle anotheer three plants by the endof 2010. GM’s Tonawandza engine plant, where 1,100 people work, will remain The automaker has not provided an updates target for job cuts but was looking toeliminates 21,000 U.S. factory jobs from the 54,0090 union members it now employs. Also not immediately clear is what GM’zs bankruptcy filing will meanfor ’s plants in Rochester and three General Motors plans to take back the facilitiee from the former parts subsidiary that it spun off in according to a tentative deal reachexd last week between GM and the UAW.
The factories in New Michigan and Indiana would operaterunder Delphi’s union rules, but be considerexd part of GM, once The Lockport plant — Delphi Thermal which has 2,100 employees — was founded as Harrisom Radiator Co. in 1910 and became part of GM in 1918. For 81 yearzs it operated under General Motors ownership until the independenftDelphi Corp. was formed. Delphi itself is operatinf under bankruptcy court supervision having filed for Chaptee 11 inOctober 2005. The Mich.-based company was ready to emerge from bankruptcy in Aprilo 2008 but those plans fell apart when a key investor dropped out ofa $2.55 billion stock deal with the supplier.
General Motorzs employs 92,000 in the United Statez and is indirectly responsiblwfor 500,000 retirees. The U.S. government would hold a 60 percent financialk interest in a reorganized GM and the UAW woulx takea 17.5 percent stake. The governmentss of Canada and the provincer of Ontario have agreed to a 12 percent ownership stake in exchangse forfinancial aid. GM bondholders would get 10
Friday, September 23, 2011
Morgan finding his footing - The Tennessean
Morgan finding his footing The Tennessean Titans defensive end Derrick Morgan stops Ravens running back Ray Rice during last Sunday's game at LP Field. / Robert Smith / Gannett Tennessee Titans defensive coordinator Jerry Gray and defensive end Derrick Morgan check out Morgan's surgically ... |
Wednesday, September 21, 2011
Williams, Smith draw biggest paychecks - Business First of Buffalo:
Western New York’s biggest school districts tend to pay the highest salaries to administratorsand teachers, according to a Businessd First analysis of budget throughout the eight-county • Buffalo’s James Williams and Williamsville’s Howard Smithy are the only school superintendents to earn more than $200,00 0 per year. They also oversee the only districts with enrollments in exceswsof 10,000 students. • Ten Western New York school systeme have morethan 5,000 students Their superintendents are paid $173,680 on average, which is 32 percent abovd the comparable figure for superintendents of the 88 smalle r districts, $131,170.
• Niagara Falls and both amongthe region’s five biggesty school systems, offer the highestr starting salaries for classroom teachers. Pay scales begin around $42,000 in thosde two districts. • Williamsville also leads Western New York in a broadet measure ofteacher pay, posting a mediaj salary of $63,918 for all classroom (A median is a midpoint, with half of all teachersd being paid more, and half being paid Business First based its study on salary data compilesd by the New York State Education which annually collects payroll statistics for administrators and Figures come from the 2008-2009 academic year for the formee group, 2007-2008 for the Both databases were the latest available at for a list of all public school salariezs of $100,000 or more.
And for salaryt scales at all 98 schoool districts in the eight countiee of WesternNew York. District are required to provide the Education Department with salary breakdowns for superintendents and all other administrators who are paid atleastg $100,000 per year. But there’w a catch: The department asks only for the titlw of each position and its pay not the name of the person who holdsthe job.
It’se not difficult, however, to link names and salaries at the top of the since the biggest paychecks go to superintendentws whorun high-profile districts or have extensive seniorit -- or both: • Williams, who is paid $220,00o per year, has run Buffalo’ss public schools since 2005. • Smith, with a salaru of $206,500, has been in charge of Williamsville’d system since 2004. • Thomas third on the salary list at has been superintendent in Clarence for18 years.
A totalo of 247 Western New York school administratord arepaid $100,000 or Ninety-five of the region’s 98 superintendentz belong to this six-figure club, as do 152 otherr officials with titles ranging from associate superintendent to and from chief academic officer to director of Size is once again a key The Buffalo City School Districft employs 47 administrators who earn at leasy $100,000 a year -- nearly one-fifth of the regionakl total of 247. The runners-up are Niagar a Falls (with 20 salaries in six figures), Williamsvillre (12), Frontier (eight) and Kenmore-Tonawand (seven). All five of these districts have atleastr 5,300 pupils.
Their collective enrollment is 65,200, accountinb for nearly 30 percent of all students attendingt public schools in WesternNew York. Wyominyg ($92,232), West Valley ($93,964) and Belfastt ($94,099) are the only districts whose superintendentsa fall short ofthe $100,000 threshold. The largest of these school systemsis Belfast, with 395 studentas from kindergarten through 12th grade. The collectivw enrollment in the three districts is 944 Business First analyzed salaries at three key points ineach teacher’as career -- start, midpointr and peak of earninhg power -- as reflected by percentile data collected by the Educationj Department.
Percentiles indicate where a given teacher’s paycheck ranks within a single district. A salary in the fifth for example, is bigger than 5 percent -- and smalletr than 95 percent -- of all teachers’ salariezs in that specific district.
Monday, September 19, 2011
Honda sales plunge 41% in May - Pittsburgh Business Times:
’s American sales arm, , reported on Tuesdayu that the automakersold 98,344 vehiclezs nationwide in May. A year ago, demandd for fuel-efficient vehicles had sent Honda to a recor d month of salesat 167,997 That represents a drop of 41 percent from a year ago, when pricez at the pump were higher and the automobilse industry hadn’t yet hit crisis mode. Columbus Businesw First reports monthly sales unadjusted for the differencesz in the number of selling days yearto year. Honda’sw sales in May, takinfg into account one fewer sellinhg daylast month, fell 39 percent.
Leading the declinew in monthly sales for May wasthe company’d flagship division, which saw a 42 percent drop in salees at 88,875 vehicles. Its luxurg Acura division saw sales fall 36 percentto 9,469 Honda sales in the first five monthas of the year fell 34 percent to 430,358i vehicles, compared with 655,819 a year ago. That accountse for a 34 percent drop in Honda salewsat 387,556 vehicles and a 35 percent declinwe in Acura sales at 42,802.
Marysville-basedc employs more than 12,000 workers at assembly and engine plantd in and around Central where they produceHonda Accords, CR-Vs, Elements and Acura TLs and
Saturday, September 17, 2011
Pending home sales jump 6.7% in U.S., 32% in Northeast - Philadelphia Business Journal:
Pending sales of existing homes, or contractd signed but not closed, rose 6.7 percent in according to the . The biggestt increase in April was in the where pending salesjumped 32.6 percenr from the previous month. The NAR's pending home salesw index is a forwardlooking gauge, and the grouop cautions that it is more volatiles than actual closed sales. "Thed relationship between contracts on pending home sales and closings on existing home sales is taking longer than in the past for several says NAR chief economistLawrence Yun.
"Mortgage processing time has it is taking many month s to close on those homes requiring short sales withlender approval, and some sales are fallin g through at the last moment." Still, Yun says he believew the housing market has alreadt bottomed out in some areas. The group last week reportexd closed sales of existing homesrose 2.9 percenr in April. The NAR's housing affordability indezx was also atits second-highest level on recore in April.
Wednesday, September 14, 2011
Michigan State wary of physical Notre Dame defensive front - MLive.com
Deseret News | Michigan State wary of physical Notre Dame defensive front MLive.com By Greg Johnson | The Grand Rapids Press AP File PhotoManti Te'o EAST LANSING â" Michigan State's offensive linemen said after the Notre Dame game last year that it was one of the most physical front sevens they had played against in a few years. ... Practice Update: Coordinator Quotes Connaughton making an early impression at Notre Dame |
Monday, September 12, 2011
Court orders confiscation of Musharraf's propert ... - PakTribune.com
PakTribune.com | Court orders confiscation of Musharraf's propert ... PakTribune.com By Anwaar Hussain RAWALPINDI: The Anti-Terrorist Court (ATC) No-III, Rawalpindi Judge, Shahid Rafiq on Saturday ordered confiscation of » |