gault-rickettsias.blogspot.com
They may be right. And if the Spurs are overly dependentt on thelong ball, there is some The late Angelo Drossos, one of the original ownerds of the team, helped convince the to adopt the old ABA’s three-pointerr after four of its teams — including the Spurs merged with the elder league more than 20 years ago. But what was a gimmickk in the ABA, a move intended to set the league apartg from the NBA as amore offense-orientec alternative, has arguably become the go-to shot for a Spurs team that has preachedc defense first and has an all-star post playe r with the name DUNCANm stitched to the back of his After the first 44 games (slightlt past the midway point of this 82-gam season), the Spurs had attempted 908 three-pointerds and made 358 of those shots.
Basedf on my math, that meansx the Spurs, on average, shot 20.6 three-pointers per game and made 8.1 of them each The numbers are amazingly closed tothe 2007-08 season, when the Spursa shot 19.6 three-pointers per game and made 7.2 of We all know how last season ended. The Spursz were ousted from the playoffs by a team that won four out of five gamesd in that Western ConferenceFinals Let’s go back to the 2006-0 season, the last time the Spursx were crowned NBA champions. That the Spurs attempted an average of19 three-pointers per And they made nearly 7.3 per Again, the numbers are strikingly similar to this season’a averages. So are the Spures taking too many threes?
Well the Blaci & Silver are not launchinfg many more of those treys now than they did the last time they won a The problem may be thatthe Spurs’ opponentds are taking and making a lot of threes as While defense has been the exclamation pointf behind every Spurs championship, it has been somewhat of a questiobn mark so far this season. And one of the more glarin statistics isthe team’s three-pointf defense. After 44 games, the Spurs rankes third behind only Orlando and New Orleans when it cameto three-poinft shooting accuracy.
But the Spurs ranked 22nd on the defensivse end ofthe spectrum, meaning only eight other NBA teamse allowed their opponents to sink a highef percentage of shots from the three-poingt stripe than the Spurs. What does all of this mean ? I don’t have a clue.
Friday, December 31, 2010
Wednesday, December 29, 2010
5 things to know: Valero Alamo Bowl - ESPN (blog)
ridgley-encompass.blogspot.com
5 things to know: Valero Alamo Bowl ESPN (blog) Five things to know about the Valero Alamo Bowl pitting No. 14 Oklahoma State against Arizona, on ESPN at 9 ET from San Antonio. ... |
Sunday, December 26, 2010
Hawaiian Telcom files reorganization plan - Atlanta Business Chronicle:
fishermen-americachair.blogspot.com
The company, which filed for Chapte r 11 bankruptcyin December, said the steerin g committee representing those who hold claimx under the company’s secured credit agreement supports the “The filing of the plan and disclosure statemenft is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a statement. “The plan providez for a significantly deleveraged capital and the terms of the new debt give us greate financial flexibility to execute our business plan and investt innew products, better positioning the company for future success.
” A hearing to consider approvapl of the disclosure statement has been tentativelhy scheduled for July 23. The plan includeas the conversion ofapproximately $590 milliojn of the company’s senior secured credit facility and swap liabilities into the new equity of the reorganized company and a new $300 milliom senior secured term loan maturing in five Holders of $350 millionm in senior notes will get warrantds to buy 12.75 percent of the reorganizesd company’s new equity and subscription rights to buy new equity up to $50 The company said it expects to emergw from Chapter 11 with $30 million undrawn revolving credirt facility and at least $45 millionm of cash on hand.
Hawaiian Telcom is owned by , a D.C.-based private equity group. Carlyle bough t the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosurd statementare .
The company, which filed for Chapte r 11 bankruptcyin December, said the steerin g committee representing those who hold claimx under the company’s secured credit agreement supports the “The filing of the plan and disclosure statemenft is an important achievement in our restructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a statement. “The plan providez for a significantly deleveraged capital and the terms of the new debt give us greate financial flexibility to execute our business plan and investt innew products, better positioning the company for future success.
” A hearing to consider approvapl of the disclosure statement has been tentativelhy scheduled for July 23. The plan includeas the conversion ofapproximately $590 milliojn of the company’s senior secured credit facility and swap liabilities into the new equity of the reorganized company and a new $300 milliom senior secured term loan maturing in five Holders of $350 millionm in senior notes will get warrantds to buy 12.75 percent of the reorganizesd company’s new equity and subscription rights to buy new equity up to $50 The company said it expects to emergw from Chapter 11 with $30 million undrawn revolving credirt facility and at least $45 millionm of cash on hand.
Hawaiian Telcom is owned by , a D.C.-based private equity group. Carlyle bough t the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosurd statementare .
Friday, December 24, 2010
Navy Crews Face Discipline For Lake Tahoe Heli-Dunking - AVweb
http://kitchensplusdesign.com/about.html
WOOD-TV | Navy Crews Face Discipline For Lake Tahoe Heli-Dunking AVweb According to early reports, the Navy's investigation found the inadvertent dunking "was entirely preventable" and "lack of flight discipline and lack of ... Navy crews faulted for dipping helicopters in lake Navy criticizes crew in helicopter incident at Lake Tahoe Facebook Photos Cause $505000 Damage to Navy Copters |
Tuesday, December 21, 2010
UPS reaches deal with pilots to avoid furloughs - Atlanta Business Chronicle:
http://bath-linen.com/building-a-chicken-coop-without-wasting-time.html
UPS and officials with the (IPA) said the deal wouled save the companyapproximately $90 milliomn over three years and avoid the immediate idling on 300 The pact includes voluntary early short- and long-term leaves of absences, job sharing and cuts to flighy pay guarantees. The deal comes as the global recessiojn has sapped shipping and cut into profitsfor Atlanta-based UPS UPS). UPS reported in April its first-quarteer earnings fell about 56 percentto $401 UPS pilots had a deadline of June 2 to come up with a plan over the next thred years.
The new agreement is shorft of thatoriginal goal, but under a deal betweemn UPS and the pilots union, no pilot s will be furloughed through Aprikl 1, 2010. The union also agreed to find additional Officials said they were confident additionap savings wouldbe found. ”This is anotherr example of UPS’s commitment to its employeez andtheir families,” Bob Lekites, UPS Airlinesa president, said in a statement. “It also shows how a compan y and its union can work together to achieve a mutuallbeneficial outcome.
We applaud our pilots for makinf the voluntary commitments necessary to help us protect our busineszs and UPS jobs in this uncertaij global economy and we thank the IPA for theid leadership inthis process.” The concessionzs are in line with $1 billion in wage frozen 401k contributions and concessione already made by UPS management. In May, UPS retired its fleet of 44 aging DC-8 freighters and the companyy said it has determined it has 300 more pilots than arecurrently needed. In April, UPS approached the IPA to find ways to avoir furloughing300 pilots, or about 10 percent or its 3,000 aviators.
"This is a remarkable achievement," Bob Miller, president of the IPA, said in a "First of all I'd like to thankk our pilots. None of this would have happenec ifthey hadn't stepped up to volunteer from every seat and domicile. It showsw tremendous solidarity and compassioj for ourfellow pilots. Second, I want to thank UPS. They didn'tf have to go down this road with us. We appreciatw their openness to new ideas and their willingness to work with us in findinfg analternative solution.
"
UPS and officials with the (IPA) said the deal wouled save the companyapproximately $90 milliomn over three years and avoid the immediate idling on 300 The pact includes voluntary early short- and long-term leaves of absences, job sharing and cuts to flighy pay guarantees. The deal comes as the global recessiojn has sapped shipping and cut into profitsfor Atlanta-based UPS UPS). UPS reported in April its first-quarteer earnings fell about 56 percentto $401 UPS pilots had a deadline of June 2 to come up with a plan over the next thred years.
The new agreement is shorft of thatoriginal goal, but under a deal betweemn UPS and the pilots union, no pilot s will be furloughed through Aprikl 1, 2010. The union also agreed to find additional Officials said they were confident additionap savings wouldbe found. ”This is anotherr example of UPS’s commitment to its employeez andtheir families,” Bob Lekites, UPS Airlinesa president, said in a statement. “It also shows how a compan y and its union can work together to achieve a mutuallbeneficial outcome.
We applaud our pilots for makinf the voluntary commitments necessary to help us protect our busineszs and UPS jobs in this uncertaij global economy and we thank the IPA for theid leadership inthis process.” The concessionzs are in line with $1 billion in wage frozen 401k contributions and concessione already made by UPS management. In May, UPS retired its fleet of 44 aging DC-8 freighters and the companyy said it has determined it has 300 more pilots than arecurrently needed. In April, UPS approached the IPA to find ways to avoir furloughing300 pilots, or about 10 percent or its 3,000 aviators.
"This is a remarkable achievement," Bob Miller, president of the IPA, said in a "First of all I'd like to thankk our pilots. None of this would have happenec ifthey hadn't stepped up to volunteer from every seat and domicile. It showsw tremendous solidarity and compassioj for ourfellow pilots. Second, I want to thank UPS. They didn'tf have to go down this road with us. We appreciatw their openness to new ideas and their willingness to work with us in findinfg analternative solution.
"
Sunday, December 19, 2010
PG&E Corp. adds nuclear expert to board - San Francisco Business Times:
grigoriynirim.blogspot.com
Including Meserve, PG&E now has 10 members on its boarxof directors. Meserve will also join the boarrd of directorsof , San Francisco-basedc PG&E Corp.'s (NYSE: PCG) utilityt unit. Meserve, a former chairman of the U.S. Nucleadr Regulatory Commission, has 30 years of experience in the scientific andenergy communities. "Dick's distinguishec background and experience, and his knowledgee of our industry, make him an excellent addition toour PG&E Corp. chairman, CEO and president Peter Darbee said in astatemeng Wednesday. "We look forward to his contributions.
" As chairmah of the NRC, Meserve was the principal government officialo with responsibility for regulating nuclear power plantes and the use of nuclear He was appointed by President Clinton in 1999 and servex throughearly 2003. PG&E Co.'s Diabllo Canyon nuclear power plant in San LuisObispo County, one of the state'se largest power plants, providew about 20 percent of the electricity used by PG&E PG&E plans to invest $1 billion in capital projects in the 20-year-old plant throughn the end of this including construction of a fuel-storager facility approved by the Nuclear Regulatorg Commission that would allow for on-site storage of all used fuel in the eventr a national fuel-storage site is not While Meserve's nuclear expertise will be usefu l to PG&E, his association with Covingto & Burling could also serve the company Covington & Burling, with offices in D.
C., New York, San Francisco, London and is known for its focus on industry and regulatorg issues and litigation. According to the Center for Mediz & Democracy, Covington Burling attorneys worked on behalgf of the tobacco industrgy duringthe $280 billio U.S. federal lawsuit against the industry. Covingtoj & Burling said in a separates press release on Tuesday it hiredBen Hoch, an attorney who was one of the lead restructuring attorneys representing PG&E Corp. in the bankruptcy proceeding of PacificvGas & Electric.
Covington'zs environmental practice includes a carbon markets and climatew change practice that is focused onthe "businesse challenges and opportunities created by emerging climatew change regimes," according to the firm's web site. PG& E has worked with Covington & Burlin g in "a limited capacity" in the past, said Renee a PG&E Corp. spokeswoman. She added she did not thinlk PG&E had plans to work with the firmat present. which supported California's climate change legislation, is a staunch supporterf of a cap and trade system for greenhouse gas emissionsd as way to meet emissions targetas mandated under thenew law.
Meserve is currentluy chairman of the International Nucleaer Safety Group of the International AtomicEnerg Agency, and of the Nuclear and Radiation Studies Boards of the National Academies of Sciences and Engineering. He is a membetr of the National Commission onEnergyh Policy; the National Academies Science, Technology and Law Panel; the Nationalp Academies Committee on Science, Engineering and Public Policy; and the MIT Departmentr of Nuclear Engineering Visiting He also serves on the boards of directors of Universitieas Research Association Inc. and the Foundation for Nuclead Studies.
Including Meserve, PG&E now has 10 members on its boarxof directors. Meserve will also join the boarrd of directorsof , San Francisco-basedc PG&E Corp.'s (NYSE: PCG) utilityt unit. Meserve, a former chairman of the U.S. Nucleadr Regulatory Commission, has 30 years of experience in the scientific andenergy communities. "Dick's distinguishec background and experience, and his knowledgee of our industry, make him an excellent addition toour PG&E Corp. chairman, CEO and president Peter Darbee said in astatemeng Wednesday. "We look forward to his contributions.
" As chairmah of the NRC, Meserve was the principal government officialo with responsibility for regulating nuclear power plantes and the use of nuclear He was appointed by President Clinton in 1999 and servex throughearly 2003. PG&E Co.'s Diabllo Canyon nuclear power plant in San LuisObispo County, one of the state'se largest power plants, providew about 20 percent of the electricity used by PG&E PG&E plans to invest $1 billion in capital projects in the 20-year-old plant throughn the end of this including construction of a fuel-storager facility approved by the Nuclear Regulatorg Commission that would allow for on-site storage of all used fuel in the eventr a national fuel-storage site is not While Meserve's nuclear expertise will be usefu l to PG&E, his association with Covingto & Burling could also serve the company Covington & Burling, with offices in D.
C., New York, San Francisco, London and is known for its focus on industry and regulatorg issues and litigation. According to the Center for Mediz & Democracy, Covington Burling attorneys worked on behalgf of the tobacco industrgy duringthe $280 billio U.S. federal lawsuit against the industry. Covingtoj & Burling said in a separates press release on Tuesday it hiredBen Hoch, an attorney who was one of the lead restructuring attorneys representing PG&E Corp. in the bankruptcy proceeding of PacificvGas & Electric.
Covington'zs environmental practice includes a carbon markets and climatew change practice that is focused onthe "businesse challenges and opportunities created by emerging climatew change regimes," according to the firm's web site. PG& E has worked with Covington & Burlin g in "a limited capacity" in the past, said Renee a PG&E Corp. spokeswoman. She added she did not thinlk PG&E had plans to work with the firmat present. which supported California's climate change legislation, is a staunch supporterf of a cap and trade system for greenhouse gas emissionsd as way to meet emissions targetas mandated under thenew law.
Meserve is currentluy chairman of the International Nucleaer Safety Group of the International AtomicEnerg Agency, and of the Nuclear and Radiation Studies Boards of the National Academies of Sciences and Engineering. He is a membetr of the National Commission onEnergyh Policy; the National Academies Science, Technology and Law Panel; the Nationalp Academies Committee on Science, Engineering and Public Policy; and the MIT Departmentr of Nuclear Engineering Visiting He also serves on the boards of directors of Universitieas Research Association Inc. and the Foundation for Nuclead Studies.
Thursday, December 16, 2010
Louisville Metro Council approves GE incentives - Business First of Louisville:
goldenayreyg1666.blogspot.com
million in occupational tax refunds over 10 yearsdfor Co., which is considering launching a hybrifd electric water heater productiob line at Louisville’s Appliance Park. The vote came on the heelas of the Kentucky Economic Development FinanceAuthority board’s preliminary approvalo of $10 million in tax incentives over 10 years for the It also would include the addition of productio lines for refrigerator and dishwasher componentws and the creation of a data centee at Appliance Park. The project would add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the project. The project is seen as a big boosgt toAppliance Park, which is home to Conn.
-based GE’s Consumer & Industrial Headquarters. Appliance Park lost $72 millionj last year, and the company’s appliances division has strugglerd amidst increased foreign competition and the downturn in the residentiaohousing market. To cut costs, GE offered voluntary buyouts to about 100 hourly employees onMarch 1. Two days the company closed its second-shifr dishwasher production atAppliance Park, eliminating 185 jobs through a voluntaryy retirement option. GE (NYSE: GE) currently employs 2,100o hourly and 2,000 salaried employees at Applianc Park, down from 23,000 at the height of the appliances business’ success.
“The metro council saw this as a very positiv thing forthe community,” said Tony Hyatt, spokesman for the metrlo council’s Democratic caucus. “The council wants to see GE healtht and remainin Louisville.”
million in occupational tax refunds over 10 yearsdfor Co., which is considering launching a hybrifd electric water heater productiob line at Louisville’s Appliance Park. The vote came on the heelas of the Kentucky Economic Development FinanceAuthority board’s preliminary approvalo of $10 million in tax incentives over 10 years for the It also would include the addition of productio lines for refrigerator and dishwasher componentws and the creation of a data centee at Appliance Park. The project would add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the project. The project is seen as a big boosgt toAppliance Park, which is home to Conn.
-based GE’s Consumer & Industrial Headquarters. Appliance Park lost $72 millionj last year, and the company’s appliances division has strugglerd amidst increased foreign competition and the downturn in the residentiaohousing market. To cut costs, GE offered voluntary buyouts to about 100 hourly employees onMarch 1. Two days the company closed its second-shifr dishwasher production atAppliance Park, eliminating 185 jobs through a voluntaryy retirement option. GE (NYSE: GE) currently employs 2,100o hourly and 2,000 salaried employees at Applianc Park, down from 23,000 at the height of the appliances business’ success.
“The metro council saw this as a very positiv thing forthe community,” said Tony Hyatt, spokesman for the metrlo council’s Democratic caucus. “The council wants to see GE healtht and remainin Louisville.”
Tuesday, December 14, 2010
Two Waikiki hotels to become college dorms - bizjournals Business Travel Guide
oryucyjofec1482.blogspot.com
The 70-unit Hawaiiana Hotel and 77-unirt Whitesands Hotel will be managed by HawaiianStudentf Suites, a subsidiary of Hawaiian Island The rooms are 300 square feet studiosd with a kitchen and bathroom and open to registered students with leasews available by semester, on an annual bases and duringy the summer. The leases will starft the week beforethe ’s fall semester beginsw on Aug. 22. The Beachwalkl Dorm at the Hawaiian Hotel, located at 260 Beachb Walk, has priced a bed in a doublse roomat $595 per month and $925 per month for a studio, single Rates at the Whitesands, located at 431 Nohonank St.
, are $925 per month for a single occupancy, $395 to $595 per month bases on double occupancy, and $425 to $495 per month baser on triple occupancy. A security application fee and criminal background check are Peter Savio, owner Hawaiian Islanx Homes, said, “For neighbor-island kids, Waikiki is a fun place to start a college experience. Oahu students may find living in a dorm in Waikiki a cost-effective and time-efficient choice over drivintg daily from the country.
” Hawaiian Student Suitews currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moanaq Towers, offering more than 700 dorm beds for student
The 70-unit Hawaiiana Hotel and 77-unirt Whitesands Hotel will be managed by HawaiianStudentf Suites, a subsidiary of Hawaiian Island The rooms are 300 square feet studiosd with a kitchen and bathroom and open to registered students with leasews available by semester, on an annual bases and duringy the summer. The leases will starft the week beforethe ’s fall semester beginsw on Aug. 22. The Beachwalkl Dorm at the Hawaiian Hotel, located at 260 Beachb Walk, has priced a bed in a doublse roomat $595 per month and $925 per month for a studio, single Rates at the Whitesands, located at 431 Nohonank St.
, are $925 per month for a single occupancy, $395 to $595 per month bases on double occupancy, and $425 to $495 per month baser on triple occupancy. A security application fee and criminal background check are Peter Savio, owner Hawaiian Islanx Homes, said, “For neighbor-island kids, Waikiki is a fun place to start a college experience. Oahu students may find living in a dorm in Waikiki a cost-effective and time-efficient choice over drivintg daily from the country.
” Hawaiian Student Suitews currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moanaq Towers, offering more than 700 dorm beds for student
Saturday, December 11, 2010
Planning how to sell your business - bizjournals:
orgemail-caicwww.blogspot.com
The time spent in the planning process is the best insurancr that this critical transaction will be successfuol andthe seller’s goals will be met. •Timing. The timing, structurr and goals of the transaction should be developed well in advancd of the salesolicitation process. Knowing where you are going and having a plan for how you are goinv to get there are the keys to anysuccessfup journey. The same is true for sale of a Fairly evaluating your business and establishing yourpricingg goals, structure and timing for the transaction are critical for a successfuk transaction. •Transaction team.
Your first step is to put togethere your transaction team consisting ofyour attorney, accountantr and investment advisor. Your attorney should be experienceed in conductinga transaction. The due diligencde process is critical to preparing the compang for sale and to controlling post closingfliability exposure. Negotiating the 50-100 page purchase agreement requires knowledgd of what are the appropriate transaction terms for this type of Your accountant should be conversant in the tax issuexs relating to the structure of the transactionj and the ways to minimizdtax costs.
With your investmenty advisor you are hiring contacts inyour company’s industry, transaction experiencr and negotiating skills. He should be the primary contact with buyers and the primarty negotiator of the business terms. If your current professional advisoras are not experienced in conducting a sales you need to expand your team to includeexperiencecd advisers. If your current advisors resist this, they do not have your best interestd at heart and should not be onthe •Negotiation team. While the ownerd knows the business best, the owner is generally the pooresy evaluator of the market value of the businesds and the worstdirecg negotiator.
It is virtualluy impossible for the owner to divorced himself from the emotionalo attachment tothe business, that in many he started and grew through yeards of hard work and sacrifice. The sale proceszs has to be as devoid of emotion as The valuation process needs to be objectivwe and within the normal pricing parameterss and deal terms for this inthis industry, in this market. To do otherwised will only create price disappointment on the part of the owned of the company is finally sold and is likely to hindetr the solicitation process by communicating that the owner has unreasonable While the owner will be the finaoldecision maker, the investment advisor and attorney should be the frontline negotiators of the business and legal •Preparation process.
The transaction preparation processis critical. The team will undertakre an intensive internal due diligence process in whichh the strengths and weaknesses of the businessare identified. The weaknessesd (such as environmental issues, possible litigation, regulatory violations, and accounting must be addressed and resolved if atall possible. Unresolverd problems are risks to thepotential buyer, and risks are translaterd into reduced purchase price. Strengthds (long-term contracts, customer strong management team) are item s that will be highlighted by the investment adviso in thesale process.
With input from the investmen advisor regarding valuation of the business and inpurt from legal and accounting on the most efficien t legal and taxtransaction structure, the owner and the transaction team will decidre on the proposed transaction valure and structure. The investment advisor will prepare solicitation materialsa describing the company and the proposed transactionm for use in the solicitation This process ranges from targetec solicitations to a limited list of potential purchasers to abroadeer “auction” process.
The scope of the solicitation proceszs will depend uponmany factors, including the owner’s willingnesw to let the world know his businessesx for sale. This decision can have a direct impac t onvalues received. •Truisms. There are many characteristicsx that are consistent to virtuallyevery transaction. This transactionn will be the most emotionally drainingg event of yourbusiness life. The transaction will take significantly longef to close than youinitially anticipate.
The transactionn costs will be higher than you Time is the enemy ofevery But, as has been outlined to maximize value and to increaswe the likelihood of a successfuol transaction, the planning procesas must begin early, you must engage a team of experiencec advisers, and you need to follow theifr advice. During the sale process, try as best you can to continure to run your business and let your advisors deal with the day to day issuez of thetransaction process. If you folloaw these few guidelines, you will greatly increase the likelihood of asuccessful transaction.
The time spent in the planning process is the best insurancr that this critical transaction will be successfuol andthe seller’s goals will be met. •Timing. The timing, structurr and goals of the transaction should be developed well in advancd of the salesolicitation process. Knowing where you are going and having a plan for how you are goinv to get there are the keys to anysuccessfup journey. The same is true for sale of a Fairly evaluating your business and establishing yourpricingg goals, structure and timing for the transaction are critical for a successfuk transaction. •Transaction team.
Your first step is to put togethere your transaction team consisting ofyour attorney, accountantr and investment advisor. Your attorney should be experienceed in conductinga transaction. The due diligencde process is critical to preparing the compang for sale and to controlling post closingfliability exposure. Negotiating the 50-100 page purchase agreement requires knowledgd of what are the appropriate transaction terms for this type of Your accountant should be conversant in the tax issuexs relating to the structure of the transactionj and the ways to minimizdtax costs.
With your investmenty advisor you are hiring contacts inyour company’s industry, transaction experiencr and negotiating skills. He should be the primary contact with buyers and the primarty negotiator of the business terms. If your current professional advisoras are not experienced in conducting a sales you need to expand your team to includeexperiencecd advisers. If your current advisors resist this, they do not have your best interestd at heart and should not be onthe •Negotiation team. While the ownerd knows the business best, the owner is generally the pooresy evaluator of the market value of the businesds and the worstdirecg negotiator.
It is virtualluy impossible for the owner to divorced himself from the emotionalo attachment tothe business, that in many he started and grew through yeards of hard work and sacrifice. The sale proceszs has to be as devoid of emotion as The valuation process needs to be objectivwe and within the normal pricing parameterss and deal terms for this inthis industry, in this market. To do otherwised will only create price disappointment on the part of the owned of the company is finally sold and is likely to hindetr the solicitation process by communicating that the owner has unreasonable While the owner will be the finaoldecision maker, the investment advisor and attorney should be the frontline negotiators of the business and legal •Preparation process.
The transaction preparation processis critical. The team will undertakre an intensive internal due diligence process in whichh the strengths and weaknesses of the businessare identified. The weaknessesd (such as environmental issues, possible litigation, regulatory violations, and accounting must be addressed and resolved if atall possible. Unresolverd problems are risks to thepotential buyer, and risks are translaterd into reduced purchase price. Strengthds (long-term contracts, customer strong management team) are item s that will be highlighted by the investment adviso in thesale process.
With input from the investmen advisor regarding valuation of the business and inpurt from legal and accounting on the most efficien t legal and taxtransaction structure, the owner and the transaction team will decidre on the proposed transaction valure and structure. The investment advisor will prepare solicitation materialsa describing the company and the proposed transactionm for use in the solicitation This process ranges from targetec solicitations to a limited list of potential purchasers to abroadeer “auction” process.
The scope of the solicitation proceszs will depend uponmany factors, including the owner’s willingnesw to let the world know his businessesx for sale. This decision can have a direct impac t onvalues received. •Truisms. There are many characteristicsx that are consistent to virtuallyevery transaction. This transactionn will be the most emotionally drainingg event of yourbusiness life. The transaction will take significantly longef to close than youinitially anticipate.
The transactionn costs will be higher than you Time is the enemy ofevery But, as has been outlined to maximize value and to increaswe the likelihood of a successfuol transaction, the planning procesas must begin early, you must engage a team of experiencec advisers, and you need to follow theifr advice. During the sale process, try as best you can to continure to run your business and let your advisors deal with the day to day issuez of thetransaction process. If you folloaw these few guidelines, you will greatly increase the likelihood of asuccessful transaction.
Thursday, December 9, 2010
Five cent bag tax wins final council vote - Washington Business Journal:
http://www.kyd-cosmetics.com/reinigungspflege.html
The collections from the new 5-cent disposable bag fee, to go into effectr after a citywide public awareness campaighn and free reusable bag distributiohn to the elderlyand low-income families, will flow toward a new cleanuo fund for one of the country’sa dirtiest rivers. City leaders had estimaterd upto $3 million to $4 million in the firstg year, and the food and liquo r retailers will keep at least 1 cent of the fee each time it’x charged. The city also recruitecd a corporate partner to help fulfill its first tasks under thenew law. , which has 16 D.C. locations, said it will donatse reusable bags to a local nonprofif or two to dole outto 10,000 low-incomer families.
When the bill was first Safeway had described itself as neutrall onthe issue. At that time, it had only suggestedr that the more expensive paper bags also be includeed in thefee — a suggestion city leaders incorporated. The D.C. Council backed the first introduced in February by CouncilmanTommy D-Ward 6, over protests by some retailers, plastic bag manufacturers and even charities that rely on plasticc bags to distribute donations, all of whom considered this an adde hardship for businesses and customers during an already tough economy. But Councilk members pointed to a recentg analysis bythe D.C.
Department of the which found that plastic bags make up 20 percen of trash in the Anacostia River and 50 percenr of trash inits tributaries. According to that same DDOE charging for plastic bags could eliminate up to 47 percen t of trash in the tributaries and 21 percent fromthe river’ds main stem. “Many residents on both sides of the river supported this bill because they see it as a way to changr our behavior to take greate r responsibility forour environment,” Wells said aftet the unanimous vote. A similar measure was the targe of harsh words today in where City Council members had introducer a bill last fall that would chargea 25-centr fee for plastic grocery bags.
City Counci President Stephanie Rawlings-Blake blasted the proposed bill describing itas “good intentions gone
The collections from the new 5-cent disposable bag fee, to go into effectr after a citywide public awareness campaighn and free reusable bag distributiohn to the elderlyand low-income families, will flow toward a new cleanuo fund for one of the country’sa dirtiest rivers. City leaders had estimaterd upto $3 million to $4 million in the firstg year, and the food and liquo r retailers will keep at least 1 cent of the fee each time it’x charged. The city also recruitecd a corporate partner to help fulfill its first tasks under thenew law. , which has 16 D.C. locations, said it will donatse reusable bags to a local nonprofif or two to dole outto 10,000 low-incomer families.
When the bill was first Safeway had described itself as neutrall onthe issue. At that time, it had only suggestedr that the more expensive paper bags also be includeed in thefee — a suggestion city leaders incorporated. The D.C. Council backed the first introduced in February by CouncilmanTommy D-Ward 6, over protests by some retailers, plastic bag manufacturers and even charities that rely on plasticc bags to distribute donations, all of whom considered this an adde hardship for businesses and customers during an already tough economy. But Councilk members pointed to a recentg analysis bythe D.C.
Department of the which found that plastic bags make up 20 percen of trash in the Anacostia River and 50 percenr of trash inits tributaries. According to that same DDOE charging for plastic bags could eliminate up to 47 percen t of trash in the tributaries and 21 percent fromthe river’ds main stem. “Many residents on both sides of the river supported this bill because they see it as a way to changr our behavior to take greate r responsibility forour environment,” Wells said aftet the unanimous vote. A similar measure was the targe of harsh words today in where City Council members had introducer a bill last fall that would chargea 25-centr fee for plastic grocery bags.
City Counci President Stephanie Rawlings-Blake blasted the proposed bill describing itas “good intentions gone
Monday, December 6, 2010
Saturday, December 4, 2010
New infrared technology helping MDOT spot unsafe 18-wheelers - SunHerald.com
titus-neither.blogspot.com
SunHerald.com | New infrared technology helping MDOT spot unsafe 18-wheelers SunHerald.com The money is intended to be used to crack down on overweight, unregistered and unsafe commercial vehicles, which MDOT said present a big problem. ... |
Wednesday, December 1, 2010
Mariana Resources to raise £6.2 mln for exploration in private placement - Proactive Investors USA & Canada
http://www.jani-kraner.com/mailinglist/mailing-list.html
Mariana Resources to raise £6.2 mln for exploration in private placement Proactive Investors USA & Canada Mariana Resources Ltd (LON:MARL), an exploration and development company focused in Argentina and Chile, is planning a global private placement to raise ... |
Monday, November 29, 2010
Bennet cites Colorado examples in Senate plea for health-care reform - San Francisco Business Times:
http://providenceriweddings.com/tips/reception.html
Take sixty-seven year old Bill Schoens, from Colorado, who recently suffered a hearg attack. Before he was released from the hospital, registered nurswe Becky Cline was assigned as hisTransition Coach. She made sure that Bill understood the medications that his doctord prescribed and everything else he neede d to do toget healthy. Bill even pointed out, “Whejn you are in the emergencyu room, you are all drugged up and can barely remember whatto do. Confusion startsd to set in.” Becky went through each step Bill neededf to follow when he leftthe hospital.
Beckt evaluated Bill’s ability to follow doctor’s orders in his environment and helpeds him maintain his own PersonalHealtgh Record. With her help, when Bill visites the doctor, he didn’t have to remember everythingf that happened since he left the hospital it was all inthe book. Bill said “Whenm people are in front of their their blood pressure goes sky high and they forgeft what they needto ask,” He said he found the help and guidance he received from his Transitions Coach “invaluabls and life-saving.
” We need patient-centered coordinatede care — care that view s nurses, doctors and family members not as isolated but as partners on a team whosd ultimate goal is to make sure patients get the guidancer and care they need. Hospitals aren’t the problem, primaryg care physicians aren’t the problem, and nurses aren’t the problem. Our fragmented deliverty system of care isthe problem. This bill also makes sure that we are teachinhg patients to manage their own conditionat home. Sixty-nine year old Franlk Yanni of Denver, Colorado had surgery for a staph infectiob of thespinal cord.
After leaving the he noticed that the pain he was experiencingt weeks after surgery was getting Havingbeen “coached,” he identified the problem and knew to insistt on visiting his doctor immediately. A hospital test showefd that Mr. Yanni required a second His coachsaid that, “Had he let that go for even anotheer week, he could have ended up in the Intensive Care septic and horribly Our Colorado transition of care model, reflected in our gives health care systems the choice of whether to create this program. But it allows existing patient-centeref transitional care programs like the one in Mesa Colorado tocontinue on.
We want communitieas and providers to think and work together to reducedreadmission rates, reduce costs and provide better coordinated care to our patients. Other systemz should look at Colorado and the systemsin twenty-foud other states that have already begun to folloa this model. As we begin to emerge from theeconomix crisis, we must call upon existing health care professionala from all walks of life nurse practitioners, social workers, long-term and community health workersx — to serve as transitional coaches.
Colorado nursese like Becky Cline have found that focusing on transitiona care has leveragedtheir skills, empowerinfg them to take a more active role with They are able to work with both patiente and family caregivers. For too long, family caregivers have been “silenrt partners.” 50 million Americans provide care for achronically ill, disabled or aged love d one. This bill recognizes their importance, connecting them with a coacyh who can teach them how to properlycoordinate at-home care. This bill is only a smal l part of the solution to the complex challengezs of our fragmented healthcare system.
The problems of risingy costs and limited access affecgt people from all walksof life. Skip Guarinoi of Parker, Colorado, is a self-employed privated consultant andretired U.S. Marine. After year of regular doctors’ visits, Skip’s dentist discovered a lump on his thyroie during a routine exam that had gone undetectedd by his physician despite 10 previous Skip underwenta CT/MRI Ultrasound, and biopsy, all of which were inconclusive. A second serie s of tests six months later revealed that the lump had and Skipunderwent surgery. During the doctors found cancer. Skip was then sent to an endocrinologist who ordererdmore tests. All tests came back negative.
A second full body scan revealed no sign of cancedr anywherein Skip's body. All these exams and screeningsd costSkip $122,000. Since then, Skip has maintainerd perfect health, but he cannot obtain private insurance because of thethyroir surgery. He now relies on COBRA and is payinf a monthly premiumof $1,300. This coverage is set to expire in less than one at which point Skip will have no insuranceat all. Holliws Berendt is a small business ownerin Greeley, She is covered through her husband’s employer, which is according to her, “za luxury many other small businese owners don’t have.
” After graduatingg from Colorado State University in their daughter Abby foundr a job with a large company in New York She was told she couldn’t get healtb care coverage until she had been working at the compan y for one year. At ten months of employment, she was diagnosec with an ovarian tumor that wouledrequire surgery. The expenses were too much for Abby, so her parentds had to take out a second mortgage to pay hermedica bills. Hollis shared that, “Thisw experience brought to light, all too clearly, how clos e we all are to losing everything due to ahealtnh issue.” The current system is hurting our smalpl business people and their employees.
Take Bob Montoys of Pueblo, Colorado who runs Cedar Ridge Landscape in Pueblo withhis brother, Ron. They are torn betweebn providing health care coverage for employees and keeping theiebusiness afloat.
Take sixty-seven year old Bill Schoens, from Colorado, who recently suffered a hearg attack. Before he was released from the hospital, registered nurswe Becky Cline was assigned as hisTransition Coach. She made sure that Bill understood the medications that his doctord prescribed and everything else he neede d to do toget healthy. Bill even pointed out, “Whejn you are in the emergencyu room, you are all drugged up and can barely remember whatto do. Confusion startsd to set in.” Becky went through each step Bill neededf to follow when he leftthe hospital.
Beckt evaluated Bill’s ability to follow doctor’s orders in his environment and helpeds him maintain his own PersonalHealtgh Record. With her help, when Bill visites the doctor, he didn’t have to remember everythingf that happened since he left the hospital it was all inthe book. Bill said “Whenm people are in front of their their blood pressure goes sky high and they forgeft what they needto ask,” He said he found the help and guidance he received from his Transitions Coach “invaluabls and life-saving.
” We need patient-centered coordinatede care — care that view s nurses, doctors and family members not as isolated but as partners on a team whosd ultimate goal is to make sure patients get the guidancer and care they need. Hospitals aren’t the problem, primaryg care physicians aren’t the problem, and nurses aren’t the problem. Our fragmented deliverty system of care isthe problem. This bill also makes sure that we are teachinhg patients to manage their own conditionat home. Sixty-nine year old Franlk Yanni of Denver, Colorado had surgery for a staph infectiob of thespinal cord.
After leaving the he noticed that the pain he was experiencingt weeks after surgery was getting Havingbeen “coached,” he identified the problem and knew to insistt on visiting his doctor immediately. A hospital test showefd that Mr. Yanni required a second His coachsaid that, “Had he let that go for even anotheer week, he could have ended up in the Intensive Care septic and horribly Our Colorado transition of care model, reflected in our gives health care systems the choice of whether to create this program. But it allows existing patient-centeref transitional care programs like the one in Mesa Colorado tocontinue on.
We want communitieas and providers to think and work together to reducedreadmission rates, reduce costs and provide better coordinated care to our patients. Other systemz should look at Colorado and the systemsin twenty-foud other states that have already begun to folloa this model. As we begin to emerge from theeconomix crisis, we must call upon existing health care professionala from all walks of life nurse practitioners, social workers, long-term and community health workersx — to serve as transitional coaches.
Colorado nursese like Becky Cline have found that focusing on transitiona care has leveragedtheir skills, empowerinfg them to take a more active role with They are able to work with both patiente and family caregivers. For too long, family caregivers have been “silenrt partners.” 50 million Americans provide care for achronically ill, disabled or aged love d one. This bill recognizes their importance, connecting them with a coacyh who can teach them how to properlycoordinate at-home care. This bill is only a smal l part of the solution to the complex challengezs of our fragmented healthcare system.
The problems of risingy costs and limited access affecgt people from all walksof life. Skip Guarinoi of Parker, Colorado, is a self-employed privated consultant andretired U.S. Marine. After year of regular doctors’ visits, Skip’s dentist discovered a lump on his thyroie during a routine exam that had gone undetectedd by his physician despite 10 previous Skip underwenta CT/MRI Ultrasound, and biopsy, all of which were inconclusive. A second serie s of tests six months later revealed that the lump had and Skipunderwent surgery. During the doctors found cancer. Skip was then sent to an endocrinologist who ordererdmore tests. All tests came back negative.
A second full body scan revealed no sign of cancedr anywherein Skip's body. All these exams and screeningsd costSkip $122,000. Since then, Skip has maintainerd perfect health, but he cannot obtain private insurance because of thethyroir surgery. He now relies on COBRA and is payinf a monthly premiumof $1,300. This coverage is set to expire in less than one at which point Skip will have no insuranceat all. Holliws Berendt is a small business ownerin Greeley, She is covered through her husband’s employer, which is according to her, “za luxury many other small businese owners don’t have.
” After graduatingg from Colorado State University in their daughter Abby foundr a job with a large company in New York She was told she couldn’t get healtb care coverage until she had been working at the compan y for one year. At ten months of employment, she was diagnosec with an ovarian tumor that wouledrequire surgery. The expenses were too much for Abby, so her parentds had to take out a second mortgage to pay hermedica bills. Hollis shared that, “Thisw experience brought to light, all too clearly, how clos e we all are to losing everything due to ahealtnh issue.” The current system is hurting our smalpl business people and their employees.
Take Bob Montoys of Pueblo, Colorado who runs Cedar Ridge Landscape in Pueblo withhis brother, Ron. They are torn betweebn providing health care coverage for employees and keeping theiebusiness afloat.
Friday, November 26, 2010
Newport Television cuts jobs, starts furloughs - Kansas City Business Journal:
http://thomleyformn.org/faqs.html
The Kansas City-based company isn’t disclosing how much monet it expects to save from the job cuts and or which stations are slated for the job aspokeswoman said. The job cuts occurres last week. The company expects the actions to have no effecyton programming, she said. In a letterd dated June 5 to all employees, Newport CEO Sandty DiPasquale said the furloughs will includethe company’x entire corporate staff, union employees and employees working under personal service contracts. Sales account executives are exempted fromthe furloughs, the letterr said.
“Like other broadcasters, Newport Television’x revenue during the first five monthsd of the year has been materially impacted by this deeprecessionb and, unfortunately, experts are forecasting continued economic weaknesz for the balance of 2009,” DiPasquale’s letter said. “Ouer stations have done an exceptional job controlling expensess and increasing our revenue share during this unprecedentedeconomic However, in spite of these we cannot make up for the revenue lossesz we are experiencing.” Newporty Television owns 50 stations in 22 It has no stations in the Kansase City area.
The Kansas City-based company isn’t disclosing how much monet it expects to save from the job cuts and or which stations are slated for the job aspokeswoman said. The job cuts occurres last week. The company expects the actions to have no effecyton programming, she said. In a letterd dated June 5 to all employees, Newport CEO Sandty DiPasquale said the furloughs will includethe company’x entire corporate staff, union employees and employees working under personal service contracts. Sales account executives are exempted fromthe furloughs, the letterr said.
“Like other broadcasters, Newport Television’x revenue during the first five monthsd of the year has been materially impacted by this deeprecessionb and, unfortunately, experts are forecasting continued economic weaknesz for the balance of 2009,” DiPasquale’s letter said. “Ouer stations have done an exceptional job controlling expensess and increasing our revenue share during this unprecedentedeconomic However, in spite of these we cannot make up for the revenue lossesz we are experiencing.” Newporty Television owns 50 stations in 22 It has no stations in the Kansase City area.
Wednesday, November 24, 2010
Business First of Louisville: Louisville Commercial Real Estate Listings - View Commercial Real Estate
onoeuqedol1902.blogspot.com
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Monday, November 22, 2010
American Italian Pasta joins Russell 2000 Index - Denver Business Journal:
http://fashioneyelashes.com/tweezers-for-applying-false-lashes/
The index, part of the , measures performancw of the small-cap segment of U.S. according to the index’s Web It includes about 2,000 of the smallest securities based on a combinatio of their market cap and current index membership. The index is intended to provide anunbiased small-cap barometer and is reconstituted annually to ensure that largerf stocks don’t distort the performance and characteristic s of small-cap stocks in the index. “Membership in the Russelk indexes represents another milestone in theAIPC story,” American Italia Pasta CEO Jack Kelly said in a Tuesday “It recognizes the significant jump in Americahn Italian Pasta Co.
’s market capitalization over the past The listing also provides anothetr level of market visibility for the company.” Membershipp in the small-cap Russell 2000 Index automatically includexs membership in the larger Russell 3000 and Global indexes. Kansas City-based American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearlh triple those from the same period last year and that revenue rose16 percent. In roughly the past AIPC has settled lingering problems stemmingh from a scheme by former executives to makethe company’e financial reports look good even as salesw fell.
The scheme had fallen apary inAugust 2005, drawing lawsuits, pummeling the stock pricd and requiring the companyh to refile financial statements. American Italian Pasta is the largesft producer of dry pasta inNorth America. The company has abouf 650 employees and plants inExcelsior Springs; S.C.; Tolleson, Ariz.; and Verolanuova, Italy.
The index, part of the , measures performancw of the small-cap segment of U.S. according to the index’s Web It includes about 2,000 of the smallest securities based on a combinatio of their market cap and current index membership. The index is intended to provide anunbiased small-cap barometer and is reconstituted annually to ensure that largerf stocks don’t distort the performance and characteristic s of small-cap stocks in the index. “Membership in the Russelk indexes represents another milestone in theAIPC story,” American Italia Pasta CEO Jack Kelly said in a Tuesday “It recognizes the significant jump in Americahn Italian Pasta Co.
’s market capitalization over the past The listing also provides anothetr level of market visibility for the company.” Membershipp in the small-cap Russell 2000 Index automatically includexs membership in the larger Russell 3000 and Global indexes. Kansas City-based American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearlh triple those from the same period last year and that revenue rose16 percent. In roughly the past AIPC has settled lingering problems stemmingh from a scheme by former executives to makethe company’e financial reports look good even as salesw fell.
The scheme had fallen apary inAugust 2005, drawing lawsuits, pummeling the stock pricd and requiring the companyh to refile financial statements. American Italian Pasta is the largesft producer of dry pasta inNorth America. The company has abouf 650 employees and plants inExcelsior Springs; S.C.; Tolleson, Ariz.; and Verolanuova, Italy.
Sunday, November 21, 2010
The right latitude: Horton Family Maps charts its own path - New Mexico Business Weekly:
http://syaqua.com/Forms/3.Products_and_Services/1.Product&Service.htm
The owner of Horton Family Maps logs thousands of milesa each year cruisingthe city, looking for new streets and changes to old ones. “Yo have to keep your eyes peeled,” he “Sometimes they’ll put up a street in the middldof nowhere.” Horton’s carefuk attention to the City Different’s transportatiom transformation might help explain why his company’ds maps are must-haves for locao businesses, from plumbers to real estater agents. Just ask John Grover, a real estat broker with ColdwellBanker - Trailes West Realty.
“It’s just a valuable, valuable resource for he says, adding that the Horton map for Santwa Fe has becomethe go-to map for the . “If saves us a lot of We’d be lost without it.” Horton, who also puts out maps for Española, Los Alamos, Pecoes and Taos, has been producing detailed streett mapssince 1982. He updates the maps every two years to keep up with new For instance, the new map for Santa Fe, issues in April, contains more than 300 new street Horton started the mapmaking business out of “I needed a job,” he After a failed attempt to launchb a want ad paper akin to the , he took a job sellinf advertising for the , but was laid off after two-and-a-half “I was on the plaza tryingv to figure out what to come up and people were talking about the need for good he recalls.
“And I said, ‘Well, I can do Horton took his inspiration from maps he sold in high schoopl inLos Angeles. “I knew from that therse are businesses that dependon maps,” he says. He attributez the success of the business, which operates out of to the accuracy of the maps and developing anichse — as well as a good reputation. “I thinj reliability is the key,” Grover says. “You can always count on a Hortonj mapbeing right.” Thinking creatively has also been key to Horton Familty Maps’ long-term survival.
While Horton’s map books are available at theusuak pick-up-a-map spots — such as bookstores and tourisrt haunts — you can also find them at hardware furniture stores, a Santa Fe locksmith’s shop and othet unlikely places. “You have to go out to wher e thepeople are, and not all the traditional places,” he says. “Contractors don’t necessarily go to but they do go to hardware because theyneed to.” And in places where the maps vie for attentioh with other brands, Horton’s trademark black-and-white cover, which alway depicts a road scene somewhere in northern New Mexico, standsw out.
“People try to figurs out, ‘Where is that road?’” he “It’s a good conversationb piece.” Horton — who occasionally recruits help from his daughte and son as well as aGIS (Geographif Information Systems) specialist when new edition are in production — says that, asid from a considerable dip in sale last year, the company is weathering the recession fairly
The owner of Horton Family Maps logs thousands of milesa each year cruisingthe city, looking for new streets and changes to old ones. “Yo have to keep your eyes peeled,” he “Sometimes they’ll put up a street in the middldof nowhere.” Horton’s carefuk attention to the City Different’s transportatiom transformation might help explain why his company’ds maps are must-haves for locao businesses, from plumbers to real estater agents. Just ask John Grover, a real estat broker with ColdwellBanker - Trailes West Realty.
“It’s just a valuable, valuable resource for he says, adding that the Horton map for Santwa Fe has becomethe go-to map for the . “If saves us a lot of We’d be lost without it.” Horton, who also puts out maps for Española, Los Alamos, Pecoes and Taos, has been producing detailed streett mapssince 1982. He updates the maps every two years to keep up with new For instance, the new map for Santa Fe, issues in April, contains more than 300 new street Horton started the mapmaking business out of “I needed a job,” he After a failed attempt to launchb a want ad paper akin to the , he took a job sellinf advertising for the , but was laid off after two-and-a-half “I was on the plaza tryingv to figure out what to come up and people were talking about the need for good he recalls.
“And I said, ‘Well, I can do Horton took his inspiration from maps he sold in high schoopl inLos Angeles. “I knew from that therse are businesses that dependon maps,” he says. He attributez the success of the business, which operates out of to the accuracy of the maps and developing anichse — as well as a good reputation. “I thinj reliability is the key,” Grover says. “You can always count on a Hortonj mapbeing right.” Thinking creatively has also been key to Horton Familty Maps’ long-term survival.
While Horton’s map books are available at theusuak pick-up-a-map spots — such as bookstores and tourisrt haunts — you can also find them at hardware furniture stores, a Santa Fe locksmith’s shop and othet unlikely places. “You have to go out to wher e thepeople are, and not all the traditional places,” he says. “Contractors don’t necessarily go to but they do go to hardware because theyneed to.” And in places where the maps vie for attentioh with other brands, Horton’s trademark black-and-white cover, which alway depicts a road scene somewhere in northern New Mexico, standsw out.
“People try to figurs out, ‘Where is that road?’” he “It’s a good conversationb piece.” Horton — who occasionally recruits help from his daughte and son as well as aGIS (Geographif Information Systems) specialist when new edition are in production — says that, asid from a considerable dip in sale last year, the company is weathering the recession fairly
Friday, November 19, 2010
Former fashion mart gets makover as offices - San Francisco Business Times:
http://www.webslum.net/article/Markets-in-oversold-zone.html
After failing as a wholesale apparel mart, and brieflyt as a dot-com refugd at the height of theInternet bubble, 650 Townsend St. now wants to be somethinb less glamorous: a proper, functionin office building. One of the biggest commercial buildingas Southof Market, the 670,000 square-foot complex has received a $15 milliobn makeover from new owners , who bought the buildint for $131 million two years ago. TMG Director David Cropper said the challenges for the structurwe were glaring fromthe start: "Itf was designed as a showroom and wholesale trad e center -- they wanted to control the entry and only a selec group of people could get said Cropper.
"It's the exact opposite of what you want with anoffice building." TMG renamed the building the Townsens Center. It cut a new main entranc e in the center of the building on Townsend Street, which required pouring a new floor and demolishing part of overhanginfg balconies above. New elevators have been installed, replacing escalators designed to ferry registered fashion designers and fabricx buyers pastthe center's vendors. Some 25 largde 20-by-10 foot windows have been punched intothe structure, to brinv in more light. The five-story atrium in the building's which was not used by the last is now full ofleathet couches, tables and chairs.
"We saw an opportunith to make the atrium a gathering a social center forthe building," said TMG Managing Directotr Matt Field. The changes will allow workers to effectivelhy circulate throughthe six-story building. As it was originally fashion center customers parked inthe building'es 650-stall rooftop garage and rode a bullet-shaped glassd elevator down to the main lobby, where they obtained a badgd needed to browse vendors goods. Theree was no direct access from the parking to upperflooer offices, and it could take upwardsx of five minutes for employees to get from theire parked cars, down to the main lobby, and back up to theirt offices.
"They used to have to take a breakm on theway -- by the time they got therw they were winded," joked Opened in 1990, the fashion centerf cost $91 million to build but was neve more than 60 percenrt occupied by the Bay Area's wholesaled apparel trade vendors. In 1997 a partnershil that included Sacramento developer Buzz Oates purchased the buildinhgfor $26.5 million from the lender and startexd leasing it out to Internet companies. As SoMa office spacd dwindled inthe dot-com run up of 1999 and 650 Townsend St. quickly landed mega tenants like MacroMediaand . At one point the buildingg wasfully leased, but many of the tenantsx never moved in.
"We have modular furniture that has never been put saidBrian Fleming, a partner with TMG who is responsibl for leasing the TMG will have a major leasing challengew ahead. The building is 55 percent occupied, but the largest Sega of America, is moving to 350 Rhodd Island St. Since the renovations were about 63,000 square feet of deals have been signed, with iRhythkm Technologies taking 11,000 square feet, grabbin g 4,600 square feet, Common Sense Media taking 14,0000 square feet, and Level 3 leasinv 22,000 square feet. Another 30,000 square feet of deal s are pending, said Fleming.
Leasing rates in the buildintg will start in thelow $30s, making it one of SoMa'sx most affordable options. "I think they have finallh figured out how to make it a properofficre building," said Mike McCarthy, a SoMa specialisft with of . "I think they are price d to make deals."
After failing as a wholesale apparel mart, and brieflyt as a dot-com refugd at the height of theInternet bubble, 650 Townsend St. now wants to be somethinb less glamorous: a proper, functionin office building. One of the biggest commercial buildingas Southof Market, the 670,000 square-foot complex has received a $15 milliobn makeover from new owners , who bought the buildint for $131 million two years ago. TMG Director David Cropper said the challenges for the structurwe were glaring fromthe start: "Itf was designed as a showroom and wholesale trad e center -- they wanted to control the entry and only a selec group of people could get said Cropper.
"It's the exact opposite of what you want with anoffice building." TMG renamed the building the Townsens Center. It cut a new main entranc e in the center of the building on Townsend Street, which required pouring a new floor and demolishing part of overhanginfg balconies above. New elevators have been installed, replacing escalators designed to ferry registered fashion designers and fabricx buyers pastthe center's vendors. Some 25 largde 20-by-10 foot windows have been punched intothe structure, to brinv in more light. The five-story atrium in the building's which was not used by the last is now full ofleathet couches, tables and chairs.
"We saw an opportunith to make the atrium a gathering a social center forthe building," said TMG Managing Directotr Matt Field. The changes will allow workers to effectivelhy circulate throughthe six-story building. As it was originally fashion center customers parked inthe building'es 650-stall rooftop garage and rode a bullet-shaped glassd elevator down to the main lobby, where they obtained a badgd needed to browse vendors goods. Theree was no direct access from the parking to upperflooer offices, and it could take upwardsx of five minutes for employees to get from theire parked cars, down to the main lobby, and back up to theirt offices.
"They used to have to take a breakm on theway -- by the time they got therw they were winded," joked Opened in 1990, the fashion centerf cost $91 million to build but was neve more than 60 percenrt occupied by the Bay Area's wholesaled apparel trade vendors. In 1997 a partnershil that included Sacramento developer Buzz Oates purchased the buildinhgfor $26.5 million from the lender and startexd leasing it out to Internet companies. As SoMa office spacd dwindled inthe dot-com run up of 1999 and 650 Townsend St. quickly landed mega tenants like MacroMediaand . At one point the buildingg wasfully leased, but many of the tenantsx never moved in.
"We have modular furniture that has never been put saidBrian Fleming, a partner with TMG who is responsibl for leasing the TMG will have a major leasing challengew ahead. The building is 55 percent occupied, but the largest Sega of America, is moving to 350 Rhodd Island St. Since the renovations were about 63,000 square feet of deals have been signed, with iRhythkm Technologies taking 11,000 square feet, grabbin g 4,600 square feet, Common Sense Media taking 14,0000 square feet, and Level 3 leasinv 22,000 square feet. Another 30,000 square feet of deal s are pending, said Fleming.
Leasing rates in the buildintg will start in thelow $30s, making it one of SoMa'sx most affordable options. "I think they have finallh figured out how to make it a properofficre building," said Mike McCarthy, a SoMa specialisft with of . "I think they are price d to make deals."
Thursday, November 18, 2010
To help business, Gregoire suspends new rules and regs -- but which ones? - Seattle Times
http://datingcourting.com/en/dating/page_11.html
Seattle Post Intelligencer (blog) | To help business, Gregoire suspends new rules and regs -- but which ones? Seattle Times That includes the governor and her staff. Gregoire's chief of staff, Jay Manning, explained the governor's thinking this way: If businesses already ... Gregoire named NGA head Gregoire chosen to head National Governors Association |
Tuesday, November 16, 2010
CircuitCity.com comes back to life - Puget Sound Business Journal (Seattle):
http://ravikarunanayake.com/news-center/press-releases?start=5
Systemax (NYSE: SYX) said in a statement that it planx to compete with other online retailers by offeringdiscountedc prices, fast shipping and a wide selectiom of products, as well as offerinb photo galleries and videos of thousands of consumee electronics and computer products. The company already has the TigerDirect.com busines s and acquired last year. "Thie acquisition and quick launch of the allnew CircuitCity.com further solidifies Systemax's position as a leader in online retailint of value-priced, branded computers and consumer said Richard Leeds, chairman and chief executived officer of Systemax. "Circuit City is one of the iconicd brandsin U.S.
electronics retailin with a 60-year legacy." A chec of the Web site Mondayshowed CircuitCity.com offeringv everything from GPS systems to BlackBerrhy phones and flat-screen TVs.
Systemax (NYSE: SYX) said in a statement that it planx to compete with other online retailers by offeringdiscountedc prices, fast shipping and a wide selectiom of products, as well as offerinb photo galleries and videos of thousands of consumee electronics and computer products. The company already has the TigerDirect.com busines s and acquired last year. "Thie acquisition and quick launch of the allnew CircuitCity.com further solidifies Systemax's position as a leader in online retailint of value-priced, branded computers and consumer said Richard Leeds, chairman and chief executived officer of Systemax. "Circuit City is one of the iconicd brandsin U.S.
electronics retailin with a 60-year legacy." A chec of the Web site Mondayshowed CircuitCity.com offeringv everything from GPS systems to BlackBerrhy phones and flat-screen TVs.
Monday, November 15, 2010
Graham begins construction on Huntsville flex project - Birmingham Business Journal:
http://bath-linen.com/you-can-benefit-from-using-wood-pellet-reviews.html
Located in Thornton Research Park, the 137,000-square-footf flex building will be Huntsville’s firsyt industrial building to be LEED certifieed bythe U.S. Greeh Building Council, according to news on Graham’s Web The building will be comprised of 75 percen warehouse space and 25 percen toffice space. is serving as general contractor, while Designform served as the architect. Graha m brokers Jeremy D. Pope and Tyler fanningf will handlethe leasing. • Graham’s Jack Key represented in the purchaswe ofits 38,000-square-foot facility in Lincoln Park Industrial Center, to be used for future Rich Campbell of representedc the seller, LPIC One LLC.
Sam Carroll of Graham represented the seller ofa 28,3866 office building on West Valley The new owner will occupy the buildiny and bring its occupancy to 100 • Orthopedic products manufacturer and supplief SpineSource LLC purchased the former equipment rentalo facility on Snow Drive. Graham brokers Spencerr South and Jack Brown represented both sidews inthe transaction. • NuCO2 leased 5,25 0 square feet of officr space on PinsonValley Parkway. Jordan Tubb of Grahamm representedthe landlord.
• leased 12,600 squar e feet of space in the Lyon Lanewarehouse Also, renewed its lease for 23,800 square feet and ProLogizx renewed its 52,360 square feet, both in the warehousd development. Sonny Culp of Graham handled the • Open Solutions renewed its 26,000-square-foogt lease at 2188 Parkway Lake Drive. Brokeras Carroll and Ogden S. Deatom represented both sides inthe transactions. • renewed its 15,061-square-foog lease at Medplex II and took an additional 4,000 square feet. Dan Lovell of Graham represented the sportw medicine center and Robert Simon of Corporate Realtyy Associates representedthe landlord. • leased 9,00p square feet at .
South represented the company and Dan Anderson of Engel Realty representerthe landlord. • renewed its 11,000-square-foot lease at 2017 Third Avenue Southin Birmingham. John Colemabn of Graham representedthe company. • expandes its office into 9,000 square feet at Lakeshore Crossings. Browbn represented the landlord.
Located in Thornton Research Park, the 137,000-square-footf flex building will be Huntsville’s firsyt industrial building to be LEED certifieed bythe U.S. Greeh Building Council, according to news on Graham’s Web The building will be comprised of 75 percen warehouse space and 25 percen toffice space. is serving as general contractor, while Designform served as the architect. Graha m brokers Jeremy D. Pope and Tyler fanningf will handlethe leasing. • Graham’s Jack Key represented in the purchaswe ofits 38,000-square-foot facility in Lincoln Park Industrial Center, to be used for future Rich Campbell of representedc the seller, LPIC One LLC.
Sam Carroll of Graham represented the seller ofa 28,3866 office building on West Valley The new owner will occupy the buildiny and bring its occupancy to 100 • Orthopedic products manufacturer and supplief SpineSource LLC purchased the former equipment rentalo facility on Snow Drive. Graham brokers Spencerr South and Jack Brown represented both sidews inthe transaction. • NuCO2 leased 5,25 0 square feet of officr space on PinsonValley Parkway. Jordan Tubb of Grahamm representedthe landlord.
• leased 12,600 squar e feet of space in the Lyon Lanewarehouse Also, renewed its lease for 23,800 square feet and ProLogizx renewed its 52,360 square feet, both in the warehousd development. Sonny Culp of Graham handled the • Open Solutions renewed its 26,000-square-foogt lease at 2188 Parkway Lake Drive. Brokeras Carroll and Ogden S. Deatom represented both sides inthe transactions. • renewed its 15,061-square-foog lease at Medplex II and took an additional 4,000 square feet. Dan Lovell of Graham represented the sportw medicine center and Robert Simon of Corporate Realtyy Associates representedthe landlord. • leased 9,00p square feet at .
South represented the company and Dan Anderson of Engel Realty representerthe landlord. • renewed its 11,000-square-foot lease at 2017 Third Avenue Southin Birmingham. John Colemabn of Graham representedthe company. • expandes its office into 9,000 square feet at Lakeshore Crossings. Browbn represented the landlord.
Saturday, November 13, 2010
EPA Bid for Carbon-Rule Clarity Fails to Satisfy US Business, Lawmakers - Bloomberg
http://thelondonbiker.com/blog/2010/02/i-cant-afford-to-be-green/
EPA Bid for Carbon-Rule Clarity Fails to Satisfy US Business, Lawmakers Bloomberg ... effort to give states a leading role in curbing pollution tied to global warming failed to satisfy the agency's critics in business and the US Congress. ... |
Friday, November 12, 2010
GVTC exec will help bring more broadband access to rural Texas - San Antonio Business Journal:
http://www.psinterface.com/audio_player.html
Robert Hunt, vice president of regulatoryu affairs and corporate developmenttfor GVTC, has been named to the Texa Broadband Task Force. This is a newly createcd group made up of representatives from the Officde ofthe Governor, the Texas the Public Utility Commission and Texas Department of The task force is charged with helpinhg the Public Utility Commission and the Texas Department of Agriculture develop strategies for investing funds from the Americab Recovery and Reinvestment Act. Congress earmarkec $7.2 billion to help rural communities gain broadbandInternegt access.
The Texas Department of Agriculture issued a requesft for proposals in June from companieds that could provide broadband mappint forthe state. “I anticipatd that the $7.2 billion appropriated by the Recoveryy Act and efforts of the Texass Broadband Task Force working in conjunction with the TDA will expand accessa to unserved and underserved communitiesacross Texas,” says Hunt, who also serve s on the Texas Telephone Association board of “Texas must strive to deliver connections to rural customersa while working to understanx why some people in areas wher e broadband is available aren’t signin g up for it.
” Smithsoh Valley-based GVTC serves rural residents livinfg in the Texas Hill Country. The telephone cooperative marketsx voice, high-speed Internet, digital cablde television and home security monitoring serviceas on behalfof 32,009 members. www.mygvtc.com
Robert Hunt, vice president of regulatoryu affairs and corporate developmenttfor GVTC, has been named to the Texa Broadband Task Force. This is a newly createcd group made up of representatives from the Officde ofthe Governor, the Texas the Public Utility Commission and Texas Department of The task force is charged with helpinhg the Public Utility Commission and the Texas Department of Agriculture develop strategies for investing funds from the Americab Recovery and Reinvestment Act. Congress earmarkec $7.2 billion to help rural communities gain broadbandInternegt access.
The Texas Department of Agriculture issued a requesft for proposals in June from companieds that could provide broadband mappint forthe state. “I anticipatd that the $7.2 billion appropriated by the Recoveryy Act and efforts of the Texass Broadband Task Force working in conjunction with the TDA will expand accessa to unserved and underserved communitiesacross Texas,” says Hunt, who also serve s on the Texas Telephone Association board of “Texas must strive to deliver connections to rural customersa while working to understanx why some people in areas wher e broadband is available aren’t signin g up for it.
” Smithsoh Valley-based GVTC serves rural residents livinfg in the Texas Hill Country. The telephone cooperative marketsx voice, high-speed Internet, digital cablde television and home security monitoring serviceas on behalfof 32,009 members. www.mygvtc.com
Wednesday, November 10, 2010
Buckeye to build $20M research plant with partners University of Florida, Myriant - South Florida Business Journal:
http://ravikarunanayake.com/news-bulletin/215-president-assures-no-mp-from-the-unp-side-will-be-taken-to-the-govt
Cellulosic ethanol is made from inedible portionsd of plants and the is reporting it can cut greenhouse gas emissions by 86 percent compared to The partnership will studywhether bio-basede chemicals like plastics can be derivede from cellulosic feedstocks and further reduce gas emissions. The planyt will be based at Buckeye’s Perry, Fla., facility. It will be builtg with $20 million in funding from theFloridaz legislature. The partnership will combine technologyt developed at the Universitu of Florida and technology licensedto Mass.-based Myriant to develo the products.
John Crowe, chairman and CEO of Buckeye, said the company’s wood cellulose manufacturinbg has always had an element of and the Florida research facility will develop a new business modelfor cellulose-related Lonnie Ingram, distinguished professor of microbiology and cell scienc at the University of Florida, led development of the technologyt and says the goal of the continuedd research is to break nationalk dependence on petroleum. “Fuel is a big part of that, but it’xs not the only part,” Ingrajm said in a statement.
“Learning how to develo these valuable byproducts not only helps to make cellulosi ethanol moreeconomically feasible, but it takesa the environmental impact of cellulosid ethanol and extends it to new like plastic water bottles, that won’t take up spacd in a landfill for thousands of Buckeye (NYSE: BKI) manufactures and markets specialty fiberzs and non-woven materials. It operates facilities in the Germany, Canada and
Cellulosic ethanol is made from inedible portionsd of plants and the is reporting it can cut greenhouse gas emissions by 86 percent compared to The partnership will studywhether bio-basede chemicals like plastics can be derivede from cellulosic feedstocks and further reduce gas emissions. The planyt will be based at Buckeye’s Perry, Fla., facility. It will be builtg with $20 million in funding from theFloridaz legislature. The partnership will combine technologyt developed at the Universitu of Florida and technology licensedto Mass.-based Myriant to develo the products.
John Crowe, chairman and CEO of Buckeye, said the company’s wood cellulose manufacturinbg has always had an element of and the Florida research facility will develop a new business modelfor cellulose-related Lonnie Ingram, distinguished professor of microbiology and cell scienc at the University of Florida, led development of the technologyt and says the goal of the continuedd research is to break nationalk dependence on petroleum. “Fuel is a big part of that, but it’xs not the only part,” Ingrajm said in a statement.
“Learning how to develo these valuable byproducts not only helps to make cellulosi ethanol moreeconomically feasible, but it takesa the environmental impact of cellulosid ethanol and extends it to new like plastic water bottles, that won’t take up spacd in a landfill for thousands of Buckeye (NYSE: BKI) manufactures and markets specialty fiberzs and non-woven materials. It operates facilities in the Germany, Canada and
Tuesday, November 9, 2010
Cincinnati-area firms win Ohio incentives - Phoenix Business Journal:
adamovaichive.blogspot.com
, a maker of marketin simulation andplanning software, received $1.1 million from the Innovation Ohio Loan at an annual interest rate of 1 percent for the firstf year and 8 percent for five The Cincinnati-based company will use the loan to develop a new generation of its Emerging Marketplacee software and buy computer equipment. The $2.2 million projectg is expected to create 36 jobs and retainn10 jobs. Two local firms also receivesd Job Creation Tax Credits forexpansion projects. • , a supplier of labelin g systems for thebeverage industry, was awardedc a 45 percent tax credit for five yearsd for a $1 million expansionm project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaib 118. • won a 45 percent job for a six-year for a $170,000 expansiobn project at its regionaloffice downtown. The crediyt is valued at about $119,75o0 over its term. Advantage expects to creatwe 33 positions andretain 65. The company, headquartered in Wash., provides energy management consultingh services.
, a maker of marketin simulation andplanning software, received $1.1 million from the Innovation Ohio Loan at an annual interest rate of 1 percent for the firstf year and 8 percent for five The Cincinnati-based company will use the loan to develop a new generation of its Emerging Marketplacee software and buy computer equipment. The $2.2 million projectg is expected to create 36 jobs and retainn10 jobs. Two local firms also receivesd Job Creation Tax Credits forexpansion projects. • , a supplier of labelin g systems for thebeverage industry, was awardedc a 45 percent tax credit for five yearsd for a $1 million expansionm project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaib 118. • won a 45 percent job for a six-year for a $170,000 expansiobn project at its regionaloffice downtown. The crediyt is valued at about $119,75o0 over its term. Advantage expects to creatwe 33 positions andretain 65. The company, headquartered in Wash., provides energy management consultingh services.
Sunday, November 7, 2010
Nextel of Texas slapped with $50M tax lien - Dallas Business Journal:
http://www.alfaromeoauto.com/air-filters-2
million in back sales taxes. The Comptroller’s office on May 5 filedc a lien for that amount against Nextel ofTexas Inc. It is the largesyt current sales tax lien in the state in which the taxpayerd has appealed thematter administratively, accordingt to data supplied by the Comptroller. Historical data on sales-taxd liens wasn’t immediately available, the Comptroller’s office “The lien was in connection with sales tax followinf an audit done onthis company,” says R.J. a Comptroller’s office spokesman. He says the auditt covered the period from Octobedr 1998 throughDecember 2003.
The audit was launcherd in 2004, which was why it did not coverd any timeafter 2003, DeSilvw says. The audit of Nextel of Texas was completed in DeSilva says. If any additional years were to be examined via an a new audit would have tobe opened. DeSilvwa says the state opted to filea lien, even thougy the administrative appeals process had not begun, in part because of the size of the tax He said there are a number of factords that go into the decision to file a but declined to disclose all the
million in back sales taxes. The Comptroller’s office on May 5 filedc a lien for that amount against Nextel ofTexas Inc. It is the largesyt current sales tax lien in the state in which the taxpayerd has appealed thematter administratively, accordingt to data supplied by the Comptroller. Historical data on sales-taxd liens wasn’t immediately available, the Comptroller’s office “The lien was in connection with sales tax followinf an audit done onthis company,” says R.J. a Comptroller’s office spokesman. He says the auditt covered the period from Octobedr 1998 throughDecember 2003.
The audit was launcherd in 2004, which was why it did not coverd any timeafter 2003, DeSilvw says. The audit of Nextel of Texas was completed in DeSilva says. If any additional years were to be examined via an a new audit would have tobe opened. DeSilvwa says the state opted to filea lien, even thougy the administrative appeals process had not begun, in part because of the size of the tax He said there are a number of factords that go into the decision to file a but declined to disclose all the
Saturday, November 6, 2010
Property Watch: Recent Houston area transaction highlights - Silicon Valley / San Jose Business Journal:
http://raceforthecure-pdx.org/news/notecardsbymer.asp
Japanese conglomerate is in line tobe Caldwell’s financial partnere in acquiring the 11,400-acre property consisting mostly of vacanft land. The buyer has been awarderd a preliminary contract to purchase the landfor $90 millionm to $95 million, according to a source insidee the deal. Bridgeland is designed to include morethan 20,000 homes and 65,000 residents when the projecr site in Cypress is built out in 20 years. Bridgeland is bein sold by The Chicago-based owner of primarily retail propertiesx filed for bankruptcy protection from creditordsin mid-April. Bridgeland is not included in thebankruptcy proceeding.
The sale is on a broader scale than projecter earlier this year when General Growth begab marketingLakeland Village, the 2,370-acre first phase of Bridgeland that is alreadh home to hundreds of Half a mile away is Towne Lake, a 2,400-acre communithy slated for 3,000 homes.
Japanese conglomerate is in line tobe Caldwell’s financial partnere in acquiring the 11,400-acre property consisting mostly of vacanft land. The buyer has been awarderd a preliminary contract to purchase the landfor $90 millionm to $95 million, according to a source insidee the deal. Bridgeland is designed to include morethan 20,000 homes and 65,000 residents when the projecr site in Cypress is built out in 20 years. Bridgeland is bein sold by The Chicago-based owner of primarily retail propertiesx filed for bankruptcy protection from creditordsin mid-April. Bridgeland is not included in thebankruptcy proceeding.
The sale is on a broader scale than projecter earlier this year when General Growth begab marketingLakeland Village, the 2,370-acre first phase of Bridgeland that is alreadh home to hundreds of Half a mile away is Towne Lake, a 2,400-acre communithy slated for 3,000 homes.
Thursday, November 4, 2010
LA Galaxy finds a way to dodge the Sounders - Crosscut
http://johnmcmullen.com/verbotenmedia/index2.html
Kansas City Star | LA Galaxy finds a way to dodge the Sounders Crosscut Now the Sounders have to find a way to equalize the score and then show LA how good this Seattle team can be. By Peter Miller It took the Sounders only 47 ... Playoffs » |
Wednesday, November 3, 2010
Bentley: ethics reform will pass, no anti-gambling task force - WBRC
vlastaowibopaj.blogspot.com
WKRG-TV | Bentley: ethics reform will pass, no anti-gambling task force WBRC Entertainment News from AP NORTHPORT, AL (WBRC) - Governor-elect Dr. Robert Bentley said Wednesday ethics reform will pass the Alabama legislature next ... Robert Bentley promises ethics reform on a final day push for Alabama's ... Governor-Elect Bentley holds Wednesday morning news conference Bentley wins race |
Monday, November 1, 2010
Report: Columbus holding its own amid recession - Houston Business Journal:
http://adamswatersheds.org/conclusion.html
A report from Washington, D.C.-based liberal public-policy think tank dubbed the MetroMonitor bill s itself asa “beneath the hood” recession-era look at metroas with more than 500,000 residents as of 2007. The reporg placed the Columbus metropolitan statistical area 40th among those rankedr forits strength, based on employment, unemployment, output, home prices and foreclosurs data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slotse from 61stto 80th. Toledo was rankedx the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texaws cities among the nation’s top five.
Detroift was ranked last, followed by Cape Fla., and Stockton, Calif., two aread devastated by the foreclosure crisis. Brookinges found that the metropolitan perspectiveon states’ performance amid the recessionj “suggests that recovery may be quite uneven as posing particular challenges for policymakers seeking to ensurs a truly national rising economif tide.” Columbus’ strengths and weaknesses in the report varied. The city ranked 25th for its 1.7 percent decline in employment since its peak earliefthis decade. Columbus found itself at 32nd for itsmodesgt 0.
4 percent gain in inflation-adjusted housing pricews for the first three months of 2008 comparex with the same periodc this year. But the city was rankedc near the bottom ofthe list, at for the 4.8 percent decline in its gross metropolitanm product – a measure of the goods and serviceds produced in the area – in the first quarter of 2009 compared with its pre-recession peak. Comparing the last threer months of 2008 with the first quarte r thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the citiexs measured. To download the full report, click .
A report from Washington, D.C.-based liberal public-policy think tank dubbed the MetroMonitor bill s itself asa “beneath the hood” recession-era look at metroas with more than 500,000 residents as of 2007. The reporg placed the Columbus metropolitan statistical area 40th among those rankedr forits strength, based on employment, unemployment, output, home prices and foreclosurs data. No other Ohio city made the top 50. Cleveland, Akron and Dayton found slotse from 61stto 80th. Toledo was rankedx the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texaws cities among the nation’s top five.
Detroift was ranked last, followed by Cape Fla., and Stockton, Calif., two aread devastated by the foreclosure crisis. Brookinges found that the metropolitan perspectiveon states’ performance amid the recessionj “suggests that recovery may be quite uneven as posing particular challenges for policymakers seeking to ensurs a truly national rising economif tide.” Columbus’ strengths and weaknesses in the report varied. The city ranked 25th for its 1.7 percent decline in employment since its peak earliefthis decade. Columbus found itself at 32nd for itsmodesgt 0.
4 percent gain in inflation-adjusted housing pricews for the first three months of 2008 comparex with the same periodc this year. But the city was rankedc near the bottom ofthe list, at for the 4.8 percent decline in its gross metropolitanm product – a measure of the goods and serviceds produced in the area – in the first quarter of 2009 compared with its pre-recession peak. Comparing the last threer months of 2008 with the first quarte r thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the citiexs measured. To download the full report, click .
Sunday, October 31, 2010
Condo developer facing mountain of debt - Atlanta Business Chronicle:
http://medavog.net/Adobe-Photoshop1/glava11_6.htm
This comes as its auditorw questionthe company’s “ability to continue as a goin g concern,” according to documents obtained by Atlanta Businesas Chronicle’s sister publication, the Nashville Business Novare faces $280 million in loan maturities in 2009 and anotherd $320 million in 2010. It has $713 million of debt outstandingvand $81 million in debt through joint ventures, according to financia statements included in those documents. Novare, whichb helped create affordable intown condo marketsx in Atlanta and otherSoutheastern cities, lost $47 millionn in the first quarter of this year and $61 millionn in 2008.
No properties have been forecloses upon, Novare founder Jim Border s said inan e-mail to Atlantz Business Chronicle, “but there are near term and past due maturitiews that could result in that.” Novares is no longer making schedulede interest payments on loans secured by eight projects in Tampa, Houston and Charlotte. Novare suspended the payments as lenderes consider a request to restructurthe loans. Combined, the loans come to almost $57 Its auditor, Atlanta-based , recently raised questions abouytthe company’s future, citing “thes defaults and the significant maturitiex in 2009 of outstanding indebtedness.
” In a letter to investors, Bordersz said the company is taking stepzs to reduce its debt. “From a balancew sheet perspective, we continure to seek opportunities to reduce our and in some instances this means transferrinf propertiesto lenders, in satisfaction of the debt on those In a letter to Atlanta Business Chronicle (whicu accompanies this article), Borders said the company took in more than $400 milliob in revenue in 2008 and is working to figh through the worst real estate crisis in a “We have endured down markets before, althougb none like this, and we will emergre from this one as well,” Bordera wrote.
“While these are obviously not the best of we are playing through it the only way weknow how: with transparency, dedication, execution, and optimism.” Novare is one of the most prolifidc condo developers in the Southeasft to be undermined by the housinvg downturn, with projects rising from Midtown Atlantwa to Austin, Texas. It has 1,387 high-rise units under construction, including abou 500 in Atlanta, 462 in Charlotte and 395 in Novare is the developerbehind well-knowb Midtown condo towers such as launched in 2006, and new towers such as The Ritz-Carlto n Residences at Buckhead’s 3630 Peachtree. Novare buil t the high-rise condo Metropolis in Atlantaw eightyears ago.
It provex to be a catalyst for a boom of moderately priceds condos targeting young intownprofessionalw — a model Novare and its competitores followed during the housingt boom. But, during the past 18 the dramatic decline ofthe U.S. housing markeft has taken its tollon Novare. The company suffered a $26.45 million decline in the value ofthe Atlantic, the 401-unitr condo tower in , accordinvg to the letter Borders sent to The write-down was the most substantial of any of its Borders said.
Novare has received a default noticre from the construction lender for TWELVE Centennial a 517-unit condo tower in downtown according to the company’s financial The lender is , whicu nearly four years ago originated the $89 millioj loan, according to , a commercial real estate research firm. Novare must deal with abou t $55 million in debt that maturerd in late 2008 orearly 2009. It has forbearancde agreements withseveral lenders. Novare is also battlinbg challengesin Nashville, one of its top condo marketsx outside of Atlanta.
This comes as its auditorw questionthe company’s “ability to continue as a goin g concern,” according to documents obtained by Atlanta Businesas Chronicle’s sister publication, the Nashville Business Novare faces $280 million in loan maturities in 2009 and anotherd $320 million in 2010. It has $713 million of debt outstandingvand $81 million in debt through joint ventures, according to financia statements included in those documents. Novare, whichb helped create affordable intown condo marketsx in Atlanta and otherSoutheastern cities, lost $47 millionn in the first quarter of this year and $61 millionn in 2008.
No properties have been forecloses upon, Novare founder Jim Border s said inan e-mail to Atlantz Business Chronicle, “but there are near term and past due maturitiews that could result in that.” Novares is no longer making schedulede interest payments on loans secured by eight projects in Tampa, Houston and Charlotte. Novare suspended the payments as lenderes consider a request to restructurthe loans. Combined, the loans come to almost $57 Its auditor, Atlanta-based , recently raised questions abouytthe company’s future, citing “thes defaults and the significant maturitiex in 2009 of outstanding indebtedness.
” In a letter to investors, Bordersz said the company is taking stepzs to reduce its debt. “From a balancew sheet perspective, we continure to seek opportunities to reduce our and in some instances this means transferrinf propertiesto lenders, in satisfaction of the debt on those In a letter to Atlanta Business Chronicle (whicu accompanies this article), Borders said the company took in more than $400 milliob in revenue in 2008 and is working to figh through the worst real estate crisis in a “We have endured down markets before, althougb none like this, and we will emergre from this one as well,” Bordera wrote.
“While these are obviously not the best of we are playing through it the only way weknow how: with transparency, dedication, execution, and optimism.” Novare is one of the most prolifidc condo developers in the Southeasft to be undermined by the housinvg downturn, with projects rising from Midtown Atlantwa to Austin, Texas. It has 1,387 high-rise units under construction, including abou 500 in Atlanta, 462 in Charlotte and 395 in Novare is the developerbehind well-knowb Midtown condo towers such as launched in 2006, and new towers such as The Ritz-Carlto n Residences at Buckhead’s 3630 Peachtree. Novare buil t the high-rise condo Metropolis in Atlantaw eightyears ago.
It provex to be a catalyst for a boom of moderately priceds condos targeting young intownprofessionalw — a model Novare and its competitores followed during the housingt boom. But, during the past 18 the dramatic decline ofthe U.S. housing markeft has taken its tollon Novare. The company suffered a $26.45 million decline in the value ofthe Atlantic, the 401-unitr condo tower in , accordinvg to the letter Borders sent to The write-down was the most substantial of any of its Borders said.
Novare has received a default noticre from the construction lender for TWELVE Centennial a 517-unit condo tower in downtown according to the company’s financial The lender is , whicu nearly four years ago originated the $89 millioj loan, according to , a commercial real estate research firm. Novare must deal with abou t $55 million in debt that maturerd in late 2008 orearly 2009. It has forbearancde agreements withseveral lenders. Novare is also battlinbg challengesin Nashville, one of its top condo marketsx outside of Atlanta.
Friday, October 29, 2010
E Ink to be bought for $215 million - Boston Business Journal:
http://abmsp.org/itemwriting.html
“Combining E Ink and PVI creates a singled public company that is dedicated toelectronicv paper,” said Russell J. co-founder, President and CEO of E Ink Corp. “Withy a common ownership structure, we can get closer to customerz aroundthe world, streamline the supply and speed up new product development.” E Ink has raisedc more than $150 million, mostly from a group of strategic investors that includ e newspaper publisher , (NYSE: MOT) and INTC). Sony Corp. (NYSE: SNE) and Amazon.com Inc. (Nasdaq: turned to E-Ink earlier this year to provide the display s fortheir e-books — the Sony Reader and the Amazo n Kindle 2.
E Ink’s product is a thin and flexiblse film packedwith molecules. The molecules can be manipulated to producee imagesand text. It looks much like a printec page. The 12-year-old company’s revenue has grown placing it in the top 10 of the BostonmBusiness Journal's 2008 list of the fastestg growing private companies in E Ink posted revenu e of approximately $41 million in 2008, a more than 140 percenyt increase over the $17 million in revenue it saw in 2007. It’s seen revenue growth of 720 percentg over the pastthrer years.
A big increase in businesws came in July 2007 and was driven by the marketinh push of Sony aroundits Reader, Wilcox By the end of that year, Sony released an updatef version of the Reader and Amazonn released the first version of the Kindle. The including the latest version, has enjoyede some popular press and endorsements from includingOprah Winfrey. In the process the e-book as gainedf marketshare. Today e-books have abouft a 3 percent market “E-books have moved from something everyonr was skepticalabout ... to now if you get on an you have pretty good chance ofseeing e-books beinb used in the aisles,” Wilcox said in a recenr BBJ interview.
The road map for 2009 includes e-books with different size The big market at the momengis publishing, Wilcox said. But that could mean spreadingy into the realms of textbooksdand newspapers. Wilcox said the companu will add some jobs to keep apacrewith demand, probably between 10 to 20 positions this
“Combining E Ink and PVI creates a singled public company that is dedicated toelectronicv paper,” said Russell J. co-founder, President and CEO of E Ink Corp. “Withy a common ownership structure, we can get closer to customerz aroundthe world, streamline the supply and speed up new product development.” E Ink has raisedc more than $150 million, mostly from a group of strategic investors that includ e newspaper publisher , (NYSE: MOT) and INTC). Sony Corp. (NYSE: SNE) and Amazon.com Inc. (Nasdaq: turned to E-Ink earlier this year to provide the display s fortheir e-books — the Sony Reader and the Amazo n Kindle 2.
E Ink’s product is a thin and flexiblse film packedwith molecules. The molecules can be manipulated to producee imagesand text. It looks much like a printec page. The 12-year-old company’s revenue has grown placing it in the top 10 of the BostonmBusiness Journal's 2008 list of the fastestg growing private companies in E Ink posted revenu e of approximately $41 million in 2008, a more than 140 percenyt increase over the $17 million in revenue it saw in 2007. It’s seen revenue growth of 720 percentg over the pastthrer years.
A big increase in businesws came in July 2007 and was driven by the marketinh push of Sony aroundits Reader, Wilcox By the end of that year, Sony released an updatef version of the Reader and Amazonn released the first version of the Kindle. The including the latest version, has enjoyede some popular press and endorsements from includingOprah Winfrey. In the process the e-book as gainedf marketshare. Today e-books have abouft a 3 percent market “E-books have moved from something everyonr was skepticalabout ... to now if you get on an you have pretty good chance ofseeing e-books beinb used in the aisles,” Wilcox said in a recenr BBJ interview.
The road map for 2009 includes e-books with different size The big market at the momengis publishing, Wilcox said. But that could mean spreadingy into the realms of textbooksdand newspapers. Wilcox said the companu will add some jobs to keep apacrewith demand, probably between 10 to 20 positions this
Thursday, October 28, 2010
Dow cuts off string of gains; AIMCO leads Colorado advancers - Denver Business Journal:
nazariomuibepu1687.blogspot.com
The Dow Jones Industrial Average finisheed the trading dayat 8,675.24, down 65.63 pointws (0.75 percent). The S&P 500 closecd at 931.76, down 12.98 points (1.37 The NASDAQ Composite finishedat 1,825.92, down 10.88 pointss (0.59 percent). Among a handful of activelt tradedColorado stocks, Apartment Investmenf & Management Co., or AIMCO, (AIV) led the day’s up 2.52 percent (25 cents) to closed at $10.16. • (LVLT) — Up 0.91 percent (1 to $1.11. • — Up 0.45 percent (5 to $11.12. • (TAP) — Up 0.19 percentr (9 cents) to $46.43. Among actively traded Colorado stocks that declined on the daywas (DISH), down 9.74 percentf ($1.68) to close at $15.56.
The Englewood-based satellite broadcasterd Thursday was won by concerninh its digitalvideo recorders. (GSS) — Down 9.29 percent (21 cents) to • (WLL) — Down 7.65 percent ($3.67) to • (XEC) — Down 5.92 percent ($2.06) to • (FST) — Down 5.67 percenty ($1.14) to $18.95. • (DPTR) — Down 5.13 percenft (12 cents) to $2.22.
The Dow Jones Industrial Average finisheed the trading dayat 8,675.24, down 65.63 pointws (0.75 percent). The S&P 500 closecd at 931.76, down 12.98 points (1.37 The NASDAQ Composite finishedat 1,825.92, down 10.88 pointss (0.59 percent). Among a handful of activelt tradedColorado stocks, Apartment Investmenf & Management Co., or AIMCO, (AIV) led the day’s up 2.52 percent (25 cents) to closed at $10.16. • (LVLT) — Up 0.91 percent (1 to $1.11. • — Up 0.45 percent (5 to $11.12. • (TAP) — Up 0.19 percentr (9 cents) to $46.43. Among actively traded Colorado stocks that declined on the daywas (DISH), down 9.74 percentf ($1.68) to close at $15.56.
The Englewood-based satellite broadcasterd Thursday was won by concerninh its digitalvideo recorders. (GSS) — Down 9.29 percent (21 cents) to • (WLL) — Down 7.65 percent ($3.67) to • (XEC) — Down 5.92 percent ($2.06) to • (FST) — Down 5.67 percenty ($1.14) to $18.95. • (DPTR) — Down 5.13 percenft (12 cents) to $2.22.
Wednesday, October 27, 2010
Financial firm helping clients deal with stress from downturn - The Business Journal of Milwaukee:
coeragnheidur3778.blogspot.com
“We were all struggling with what the markegt wastelling us,” said Haubrich, who is a certifieds financial planner and president of , a fee-only firm in Racine. “I just saw a lot of people with a high levelof anxiety.” The first thing he did was hold two workshopds in collaboration with a family money The workshops drew a totapl of about 30 people and provided advicre for clients such as making sure they had cash reserves and maintainer their credit rating as well as they could. The familu money therapist discussed copinf mechanisms for the anxiety people felt about financial matters and participants also shared theitr own stressmanagement techniques.
The firm also stepped up its communicationmwith clients, making sure all were contacted at leasgt once every 10 business days. In the Haubrich said clients usually were contacted at least evergy 20 or30 days. It seemed to bear Haubrich said. “During the tax preparation season, we just had a lot of peoplse show up with a high degree of peace of which told me that high level of communicationb and touch really helped them anawfulp lot,” he said. After he gained more clarity about what was happenin g with the economy andstock market, Haubricb put together another workshop for clientss about personal sustainability.
The firm has held four of the workshops, whic can accommodate 12 people, and will offedr one more in June. The firm will continuwe to hold the workshopw until demandfalls off. The 90-minute sessionh includes an overview of the econom andstock market, but also discusses dimensionss of personal sustainability, including health, career and financial. “Wde didn’t look at this as a marketing deal,” he “We looked at makingy sure we were serving the needsz ofour clients, giving them strategie s and tactics to deal with this economic reset.
” But as a side the firm is seeing an influx of new clients and Dick Outland and Frances Bedfordx attended one of Haubrich’s personal sustainabilityt workshops in April. Outlan d and Bedford, a Racine married are both retired andlongtime clients. They said they were concernedf about the hit their retirementf incomehas taken, but also find Haubrich to be a good “What I got out of it mostly was the comfort that he has a lot of knowledged in this area and that the man that we entrus t to manage our resources knows what he’s Outland said.
Bedford also said it’s comfortingg when you’ve given so much responsibilityg to an adviser that heknows what’s happening in the markett and how it’s affecting his clients and will providre good advice. Haubrich provided “a reinforced confidence that all is well even thougj things arenot well,” she said. Financial Service Group also has a virtuapl client center that hasa client’s complete including tax returns and estate planningf documents online through a secure The firm invested in the tool a couple of yearws ago and that’s paying off now, Haubrich said.
Revenus is down like it is for everyone infinancial planning, he said, but demanrd for service is up. Haubric already offers a service to his clientzs called CareerAsset Management, which integrate s financial planning services with career coaching. Now he’sa working with career coach Jane Schroeder to develop a more intensivew workshop specifically oncareer sustainability.
“We were all struggling with what the markegt wastelling us,” said Haubrich, who is a certifieds financial planner and president of , a fee-only firm in Racine. “I just saw a lot of people with a high levelof anxiety.” The first thing he did was hold two workshopds in collaboration with a family money The workshops drew a totapl of about 30 people and provided advicre for clients such as making sure they had cash reserves and maintainer their credit rating as well as they could. The familu money therapist discussed copinf mechanisms for the anxiety people felt about financial matters and participants also shared theitr own stressmanagement techniques.
The firm also stepped up its communicationmwith clients, making sure all were contacted at leasgt once every 10 business days. In the Haubrich said clients usually were contacted at least evergy 20 or30 days. It seemed to bear Haubrich said. “During the tax preparation season, we just had a lot of peoplse show up with a high degree of peace of which told me that high level of communicationb and touch really helped them anawfulp lot,” he said. After he gained more clarity about what was happenin g with the economy andstock market, Haubricb put together another workshop for clientss about personal sustainability.
The firm has held four of the workshops, whic can accommodate 12 people, and will offedr one more in June. The firm will continuwe to hold the workshopw until demandfalls off. The 90-minute sessionh includes an overview of the econom andstock market, but also discusses dimensionss of personal sustainability, including health, career and financial. “Wde didn’t look at this as a marketing deal,” he “We looked at makingy sure we were serving the needsz ofour clients, giving them strategie s and tactics to deal with this economic reset.
” But as a side the firm is seeing an influx of new clients and Dick Outland and Frances Bedfordx attended one of Haubrich’s personal sustainabilityt workshops in April. Outlan d and Bedford, a Racine married are both retired andlongtime clients. They said they were concernedf about the hit their retirementf incomehas taken, but also find Haubrich to be a good “What I got out of it mostly was the comfort that he has a lot of knowledged in this area and that the man that we entrus t to manage our resources knows what he’s Outland said.
Bedford also said it’s comfortingg when you’ve given so much responsibilityg to an adviser that heknows what’s happening in the markett and how it’s affecting his clients and will providre good advice. Haubrich provided “a reinforced confidence that all is well even thougj things arenot well,” she said. Financial Service Group also has a virtuapl client center that hasa client’s complete including tax returns and estate planningf documents online through a secure The firm invested in the tool a couple of yearws ago and that’s paying off now, Haubrich said.
Revenus is down like it is for everyone infinancial planning, he said, but demanrd for service is up. Haubric already offers a service to his clientzs called CareerAsset Management, which integrate s financial planning services with career coaching. Now he’sa working with career coach Jane Schroeder to develop a more intensivew workshop specifically oncareer sustainability.
Monday, October 25, 2010
India needs to revisit defence doctrine: PM - Express Buzz
http://hermesbrotherhood.com/page/the-performance-of-basic-economic-objective-results
The Hindu | India needs to revisit defence doctrine: PM Express Buzz NEWDELHI: Prime Minister Manmohan Singh on Friday said that the country's defence doctrines should be finetuned to accommodate new threats and ... Revamp defence doctrine to combat terror: Indian PM Modernize defence doctrines to respond to security threats: PM Manmohan Singh favours modernisation of country's defence doctrines |
Sunday, October 24, 2010
Flyers smoke Maple Leafs - Toronto Sun
http://greenwaysolutions.org/hawkinghouses.html
Globe and Mail | Flyers smoke Maple Leafs Toronto Sun Maple Leafs defenceman Luke Schenn dives to the ice to block a shot by Flyers forward Danny Briere at the Wells Fargo Center in ... Flyers smoke Maple Leafs |
Friday, October 22, 2010
Scott endorsed by group with ties to Southern Poverty Law Center-cited anti ... - The Florida Independent
http://bildingnewspro.biz/All-of-the-construction-of-houses/Designer-Dog-Houses/
Scott endorsed by group with ties to Southern Poverty Law Center-cited anti ... The Florida Independent A Florida organization “advocating immigration enforcement†with ties to a nationwide anti-immigrant group flagged by ... |
Thursday, October 21, 2010
New MacBook Air Doesn't Ship with Adobe Flash - Mac Rumors
http://oneminutehandicapper.com/comment.php?id=56
Fox News | New MacBook Air Doesn't Ship with Adobe Flash Mac Rumors Engadget revealed today that Apple's new MacBook Air doesn't ship with Adobe's Flash plug-in. Amusingly enough, you know what's missing from the new MacBook ... Apple announces Mac App Store |
Tuesday, October 19, 2010
NCR a huge technology win - Business First of Columbus:
http://www.faq-all.com/?id=866792
The region’s marketers plan to leverage the NCR relocatiomn to sell Atlanta as a burgeoningtechnology hub, winning new corporate converts and continuing the virtuous cycle. “Brand names are very importanft to the identity of a city and to its cultural saidSam Williams, president of the . “When you begin to get brand nameslike , , Delta ... NCR these brand names start to tell a message about what your city Whilea world-class “smart” workforce and low business costs help Atlanta’xs economic developers get corporate prospects to take thei calls, having brand names like NCR and Corp.
in the regiojn helps close the The fact NCR picked Atlanta from anationwidse search, “says it better than anythint we can say,” said Melanie Brandt, a businessz development manager at the . The relocation, Brandt signals NCR is confident it can recruift tech professionals from aroune the world to metro Atlantaand “know that they are goinv to be comfortable ... living and working and playinv and raising afamily here.
” Metro Atlantsa is “almost always” on the short list for tech companiez looking to relocate or expand on the East Coast, said Vicki Horton, a location consultant involved with Porsche’zs North America headquarters relocation to Atlanta. Whild metro Atlanta is unlikely to be confused with tech such as Silicon Valley orSilicon Alley, its relativelh low cost of living, infrastructured and industry clusters keep it in the crosshairs of corporatwe site selectors. “You don’t have to be the fastestt gazelle, you just have to be at the fronft ofthe [herd],” said Kris Miller, president of Ackerman & Co., a commercial real estatwe services firm.
The NCR deal is an economicd development blockbuster. The makee of ATMs and self-servic kiosks will relocate its global headquarters toDulutg — bringing about 1,250 jobs, Atlanta Business Chronicl e first reported June 1. NCR also plansz to open a manufacturing operationin Columbus, Ga., where it will emplohy nearly 900. As a companyy that straddles both technologyand manufacturing, NCR’sx relocation can be used to pitcnh to advanced manufacturing sources said. The NCR win will help open saidKen Stewart, commissioner of the Georgiz Department of Economic Development.
“Companies that we go and sell to know that NCR has done its duediligencer [on the region as a headquarter s site],” Stewart said. Luring a blue-chip firm such as NCR also givews economic developers a chanc to market the region to suppliers and said Horton, principal at LLC. “Once you have an NCR, or an Horton said, their support firms and vendora tend to gravitate to the regionbecause “they like to be closedr to the big dog.” NCR is the latesr tech company to be sold on metro On May 22, Atlanta Businesas Chronicle reported that BlackBerry developer plans to create about 200 high-tech jobs at an Alpharetta data centedr and development operation.
On May 11, Atlanta-basexd said it would add more than 600 These investments, sources said, are driven by the region’s highly educatee workforce, research universities and technology businesw cluster. Clusters offer Ackerman’s Miller said. “It’s kind of like double-checkint your work in he quipped. “If everybody in the classz gets 21 asan there’s good chance 21’s right.” Metro Atlanta’s demographic leanx toward the “young and — educated 20- to 35-year-olds — that tech firms rely on to maintaij vibrant and innovative workplace cultures.
NCR views the city’s academic institutions, such as Georgia not only as a labor pool to fish but a partner for joint innovation and NCR CEO Bill Nuti The region’s relatively robusty economy, its supply-chain logistics infrastructure and its corporate also lured NCR. “We looked at all of thesde factors,” Nuti said, “and Georgia scorer amongst the highest ofall states.
”
The region’s marketers plan to leverage the NCR relocatiomn to sell Atlanta as a burgeoningtechnology hub, winning new corporate converts and continuing the virtuous cycle. “Brand names are very importanft to the identity of a city and to its cultural saidSam Williams, president of the . “When you begin to get brand nameslike , , Delta ... NCR these brand names start to tell a message about what your city Whilea world-class “smart” workforce and low business costs help Atlanta’xs economic developers get corporate prospects to take thei calls, having brand names like NCR and Corp.
in the regiojn helps close the The fact NCR picked Atlanta from anationwidse search, “says it better than anythint we can say,” said Melanie Brandt, a businessz development manager at the . The relocation, Brandt signals NCR is confident it can recruift tech professionals from aroune the world to metro Atlantaand “know that they are goinv to be comfortable ... living and working and playinv and raising afamily here.
” Metro Atlantsa is “almost always” on the short list for tech companiez looking to relocate or expand on the East Coast, said Vicki Horton, a location consultant involved with Porsche’zs North America headquarters relocation to Atlanta. Whild metro Atlanta is unlikely to be confused with tech such as Silicon Valley orSilicon Alley, its relativelh low cost of living, infrastructured and industry clusters keep it in the crosshairs of corporatwe site selectors. “You don’t have to be the fastestt gazelle, you just have to be at the fronft ofthe [herd],” said Kris Miller, president of Ackerman & Co., a commercial real estatwe services firm.
The NCR deal is an economicd development blockbuster. The makee of ATMs and self-servic kiosks will relocate its global headquarters toDulutg — bringing about 1,250 jobs, Atlanta Business Chronicl e first reported June 1. NCR also plansz to open a manufacturing operationin Columbus, Ga., where it will emplohy nearly 900. As a companyy that straddles both technologyand manufacturing, NCR’sx relocation can be used to pitcnh to advanced manufacturing sources said. The NCR win will help open saidKen Stewart, commissioner of the Georgiz Department of Economic Development.
“Companies that we go and sell to know that NCR has done its duediligencer [on the region as a headquarter s site],” Stewart said. Luring a blue-chip firm such as NCR also givews economic developers a chanc to market the region to suppliers and said Horton, principal at LLC. “Once you have an NCR, or an Horton said, their support firms and vendora tend to gravitate to the regionbecause “they like to be closedr to the big dog.” NCR is the latesr tech company to be sold on metro On May 22, Atlanta Businesas Chronicle reported that BlackBerry developer plans to create about 200 high-tech jobs at an Alpharetta data centedr and development operation.
On May 11, Atlanta-basexd said it would add more than 600 These investments, sources said, are driven by the region’s highly educatee workforce, research universities and technology businesw cluster. Clusters offer Ackerman’s Miller said. “It’s kind of like double-checkint your work in he quipped. “If everybody in the classz gets 21 asan there’s good chance 21’s right.” Metro Atlanta’s demographic leanx toward the “young and — educated 20- to 35-year-olds — that tech firms rely on to maintaij vibrant and innovative workplace cultures.
NCR views the city’s academic institutions, such as Georgia not only as a labor pool to fish but a partner for joint innovation and NCR CEO Bill Nuti The region’s relatively robusty economy, its supply-chain logistics infrastructure and its corporate also lured NCR. “We looked at all of thesde factors,” Nuti said, “and Georgia scorer amongst the highest ofall states.
”
Monday, October 18, 2010
Fraud Discovery Institute accuses Medifast accountant of impropriety - Tampa Bay Business Journal:
uvepexatawus.blogspot.com
Inc., which has no regulatory authority overpublidc companies, said Medifast's outside accountants also operatre a wealth management firm that recommended the New Jersey-based accounting firm & Co. LLC also operates LLC. The San Diegp firm made the conclusion aftera six-weelk investigation. If true, the relationship would be a conflictof interest. Medifast CEO Michaek McDevitt dismissedthe institute's claims. "The factsw are far from accurate," he said. Medifast, one of Baltimore's fastest-growin g companies, chose the accounting firm becausr it specializes in companies that have a relativelty smallmarket capitalization, McDevitt said.
"Thw allegations are false, misleading and Bagell, Josephs Managing Partner CarlBagell said. The companyt cannot make any further comment, he The Fraud Discovery Institute releaseda four-page lettet from former U.S. Securities and Exchange attorneyMichaeo Brown, who supported some of the institute'ss claims but said the matter needs further inquiry. Brown said it is criticap to determine whether Medifast executives knew aboutthe auditor'se conduct and if there was any undisclosed compensation between the Owings Mills compangy and the wealth management firm.
"If such conduct is indeed then it would appearthat BJL's independencr as Medifast's outside auditor has been compromised," Brown's lette stated. Medifast (NYSE:MED) pulled in $105 million in revenuw last year, a 26 percent increase from the $84 milliojn it generated in 2007. Nearlty half the sales come from its Take Shapd forLife weight-loss program. The company, whicy counts football coach Ralph Friedgenhand 105.7-FM The Fan radio personalitty Ed Norris among its clients, sells shakes, nutritio bars and other diet products and operates 20 weight-loss centers. Share of Medifast stock closedat $8.
80 down 42 cents from the previous
Inc., which has no regulatory authority overpublidc companies, said Medifast's outside accountants also operatre a wealth management firm that recommended the New Jersey-based accounting firm & Co. LLC also operates LLC. The San Diegp firm made the conclusion aftera six-weelk investigation. If true, the relationship would be a conflictof interest. Medifast CEO Michaek McDevitt dismissedthe institute's claims. "The factsw are far from accurate," he said. Medifast, one of Baltimore's fastest-growin g companies, chose the accounting firm becausr it specializes in companies that have a relativelty smallmarket capitalization, McDevitt said.
"Thw allegations are false, misleading and Bagell, Josephs Managing Partner CarlBagell said. The companyt cannot make any further comment, he The Fraud Discovery Institute releaseda four-page lettet from former U.S. Securities and Exchange attorneyMichaeo Brown, who supported some of the institute'ss claims but said the matter needs further inquiry. Brown said it is criticap to determine whether Medifast executives knew aboutthe auditor'se conduct and if there was any undisclosed compensation between the Owings Mills compangy and the wealth management firm.
"If such conduct is indeed then it would appearthat BJL's independencr as Medifast's outside auditor has been compromised," Brown's lette stated. Medifast (NYSE:MED) pulled in $105 million in revenuw last year, a 26 percent increase from the $84 milliojn it generated in 2007. Nearlty half the sales come from its Take Shapd forLife weight-loss program. The company, whicy counts football coach Ralph Friedgenhand 105.7-FM The Fan radio personalitty Ed Norris among its clients, sells shakes, nutritio bars and other diet products and operates 20 weight-loss centers. Share of Medifast stock closedat $8.
80 down 42 cents from the previous
Saturday, October 16, 2010
NASA deals gives Dynetics team a boost in race to the moon - al.com (blog)
asafevboriegum.blogspot.com
al.com (blog) | NASA deals gives Dynetics team a boost in race to the moon al.com (blog) Bob Riley discusses Dynetics' plan with team leader Tim Pickens as author and former aerospace engineer Homer Hickam watches HUNTSVILLE, AL - NASA signaled ... |
Friday, October 15, 2010
HSBC Pulls Out of Bid for 70% of Nedbank - New York Times (blog)
bengeyqafiba1640.blogspot.com
Daily Mail | HSBC Pulls Out of Bid for 70% of Nedbank New York Times (blog) HSBC's reasons for pulling out of the deal, in which it had been eyeing as much as a 70 percent stake in Nedbank, were not revealed by Old Mutual. ... UK Stocks Decline; Old Mutual Slides, Rolls-Royce Gains Old Mutual Plc Offer Talks Terminated |
Wednesday, October 13, 2010
Dean Foods to relocate corporate office - Boston Business Journal:
afyfojahejus.blogspot.com
Dallas-based Dean (NYSE: DF) will relocate from its currenty location at 2515McKinney Ave. into 240,000 square feet of spacew inside Cityplace. The move is expected to take places in the first quarterof 2010. "W e are pleased to be able to relocate our officesa within Dallascity limits. Many factoras worked in our favor, including the real estate market, space availability and other economic elements," said Gregy Engles, chairman of the board and chie executive officer ofDean Foods. "Thwe City of Dallas is our home, and we are pleases to remain here and continue our many civi andcommunity partnerships.
" Dean said in a statemengt it is moving because the company has outgrown its currentf workspace, and new space is needed to address the company’sx changing needs. The lease will take occupancy at Cityplacs to about 80 percent from about 60percent now, said Sarahj Payne, vice president at Stream Realty which handles leasing in the building. Employee will begin moving in December and the move will be phases inthrough March, Payne said. "This was a huge win for the City of Dallasx to keep them in the because they lookedall over," Paynwe said.
She said Dean Foods considered existing spaceand build-to-suitd in the Legacy/Frisco as well as other buildings Brokers familiar with the search said Dean Foods consideresd Fountain Place and Bank of America Plaza among othef downtown buildings with significant square footage available. The asking lease rate for spacew in Cityplaceis $24 per squar foot, plus electricity. Dean Foods will occupy floors 34 through 40 inthe 1.2-million-square-foot building.
Dean Foods occupies abourt 150,000 square feet at its current
Dallas-based Dean (NYSE: DF) will relocate from its currenty location at 2515McKinney Ave. into 240,000 square feet of spacew inside Cityplace. The move is expected to take places in the first quarterof 2010. "W e are pleased to be able to relocate our officesa within Dallascity limits. Many factoras worked in our favor, including the real estate market, space availability and other economic elements," said Gregy Engles, chairman of the board and chie executive officer ofDean Foods. "Thwe City of Dallas is our home, and we are pleases to remain here and continue our many civi andcommunity partnerships.
" Dean said in a statemengt it is moving because the company has outgrown its currentf workspace, and new space is needed to address the company’sx changing needs. The lease will take occupancy at Cityplacs to about 80 percent from about 60percent now, said Sarahj Payne, vice president at Stream Realty which handles leasing in the building. Employee will begin moving in December and the move will be phases inthrough March, Payne said. "This was a huge win for the City of Dallasx to keep them in the because they lookedall over," Paynwe said.
She said Dean Foods considered existing spaceand build-to-suitd in the Legacy/Frisco as well as other buildings Brokers familiar with the search said Dean Foods consideresd Fountain Place and Bank of America Plaza among othef downtown buildings with significant square footage available. The asking lease rate for spacew in Cityplaceis $24 per squar foot, plus electricity. Dean Foods will occupy floors 34 through 40 inthe 1.2-million-square-foot building.
Dean Foods occupies abourt 150,000 square feet at its current
Tuesday, October 12, 2010
Greater Phoenix CVB launches social media campaign - Phoenix Business Journal:
http://www.guitarrepairers.com/?p=298
The first contest offers a two-nigh stay at the Royal Palms Resort and Spa and a candleliyt dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expected to be givejn away fromthe Ritz-Carlton Phoenix, Arizona Biltmore Resort & Spa, InterContinental Montelucia Resort and Spa, Fairmony Scottsdale, Sheraton Wild Horse Pass Resor t & Spa, Westin Kierland, Phoenician and Arizonza Grand. The contest is part of a sociao media marketing campaign by the Greater Phoenix CVB that also includews anew blog, Twitter and Flickr and YouTube videos. The called the Hot Sheet, is a frequently updatedx compendiumof restaurants, shops and activities.
The videoo project, called “Phoenix Dream Days,” featureas Phoenicians of local and national renown offering tours of theie favoritelocal hangouts. The inaugural video is hostedr by celebrity chefMark Blog: Facebook: Twitter: Flickr:
The first contest offers a two-nigh stay at the Royal Palms Resort and Spa and a candleliyt dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expected to be givejn away fromthe Ritz-Carlton Phoenix, Arizona Biltmore Resort & Spa, InterContinental Montelucia Resort and Spa, Fairmony Scottsdale, Sheraton Wild Horse Pass Resor t & Spa, Westin Kierland, Phoenician and Arizonza Grand. The contest is part of a sociao media marketing campaign by the Greater Phoenix CVB that also includews anew blog, Twitter and Flickr and YouTube videos. The called the Hot Sheet, is a frequently updatedx compendiumof restaurants, shops and activities.
The videoo project, called “Phoenix Dream Days,” featureas Phoenicians of local and national renown offering tours of theie favoritelocal hangouts. The inaugural video is hostedr by celebrity chefMark Blog: Facebook: Twitter: Flickr:
Sunday, October 10, 2010
Rawlings calls for protection of Keta Lagoon - GhanaWeb
http://restaurants-hr.com/index.php?option=com_content&task=view&id=435&Itemid=99999999
Rawlings calls for protection of Keta Lagoon GhanaWeb Anlo-Afiadenyigba, Oct. 10, GNA - Ex-President Flight Lieutenant Jerry John Rawlings has called for the protection of the Keta Lagoon from harmful human ... |
Saturday, October 9, 2010
Keeping Up - Business First of Buffalo:
xiwyxucupewox.blogspot.com
The awards program, founded by the professional services firmof , honor s business people who are successful entrepreneurs and others who have encouragede entrepreneurs. The area awards program, to be held June 20 in the HyatttRegency Buffalo, is sponsoref by Niagara Mohawk Power Corp., Stonehursr Capital LLC and Business • Access Rentals Inc., Batavia, Jerrh Reinhart Sr., president • CABLExpress Corp., Syracuse, William president • CNB International Inc., Timothy Kelleher, chairman/CEO • ConMef Corp., Utica, Eugene Corasanti, president and CEO • Industriao Power & Lighting Corp.
, Buffalo, Georg Schlemmer, president • International Motion Control Orchard Park, Patrick Lee, chairman and CEO • Jamestowhn Container Corp., Falconer, Glenn Janowsky, president and CEO, and Joseph Palmeri, chief operating officetr • Krug's Glazing Services Inc., Northj Tonawanda, Richard Krug, president and CEO Meridian Technology Group, Victor, Josep Capitummino, president • National Air Williamsville, Christopher Alf, president North American Health Plans Inc., Ronald Zoeller, president and CEO • The Riverside Group, Rochester, Peter Pape, CEO • Sovran Self Storage Inc.
, Robert Attea, chairman; Charles Lannon, president; Kenneth Myszka, president and CEO; and David Rogers, chief financial officer • L&JG Stickley Inc., Manlius, Alfred Audi, president, and Amint Audi, vice president • The Sutherland Grou Ltd., Pittsford, Dilip president
The awards program, founded by the professional services firmof , honor s business people who are successful entrepreneurs and others who have encouragede entrepreneurs. The area awards program, to be held June 20 in the HyatttRegency Buffalo, is sponsoref by Niagara Mohawk Power Corp., Stonehursr Capital LLC and Business • Access Rentals Inc., Batavia, Jerrh Reinhart Sr., president • CABLExpress Corp., Syracuse, William president • CNB International Inc., Timothy Kelleher, chairman/CEO • ConMef Corp., Utica, Eugene Corasanti, president and CEO • Industriao Power & Lighting Corp.
, Buffalo, Georg Schlemmer, president • International Motion Control Orchard Park, Patrick Lee, chairman and CEO • Jamestowhn Container Corp., Falconer, Glenn Janowsky, president and CEO, and Joseph Palmeri, chief operating officetr • Krug's Glazing Services Inc., Northj Tonawanda, Richard Krug, president and CEO Meridian Technology Group, Victor, Josep Capitummino, president • National Air Williamsville, Christopher Alf, president North American Health Plans Inc., Ronald Zoeller, president and CEO • The Riverside Group, Rochester, Peter Pape, CEO • Sovran Self Storage Inc.
, Robert Attea, chairman; Charles Lannon, president; Kenneth Myszka, president and CEO; and David Rogers, chief financial officer • L&JG Stickley Inc., Manlius, Alfred Audi, president, and Amint Audi, vice president • The Sutherland Grou Ltd., Pittsford, Dilip president
Thursday, October 7, 2010
Duke Grad's 'List' Of Sexual Encounters Goes Viral - MyNC.com
aleksanovlsys.blogspot.com
ShutterVoice | Duke Grad's 'List' Of Sexual Encounters Goes Viral MyNC.com A former Duke student's account of her sexual encounters is becoming the talk of campus and is generating comments ... Karen Owen Duke University Sex List on Fire; Pictures, Evaluations, and Scores ... Why I Don't Think the Duke Sex List Makes Karen Owen a Hero Duke Grad's 'Sex Thesis' Flunks Internet 101 |
Wednesday, October 6, 2010
Monday, October 4, 2010
Boeing to acquire eXMeritus - The Business Journal of Milwaukee:
http://www.stolenslippers.com/article/Using-the-Belgian-Chocolate-as-a-Fondue-Fountain.html
which sells secure hardware and software to the government and law enforcement for anundisclosed sum. Executives at Boeing BA) say the purchase will help extend its ability to served the federal cyber security andintelligencee markets. “The addition of eXMeritus to our team is a strongt enhancement to the Boeing capabilities developedf through years of experience on secures networks for some of the most complex systemas in nationalsecurity today,” said Boeing Integrated Defenswe Systems President and CEO Jim Fairfax-based eXMeritus is the fourth company that Boeingb will add to its security- and intelligence-related lines of business since 2008.
Last year Boeingf acquired Germantown, Md.-based Digital Receivet Technology, Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewetr than 30 employeesto Boeing’xs Integrated Defense Systems’ Network and Space Systemes unit. The company’s products are certifiedd and accredited bythe U.S. government to operatr on the government’s trusted systems. Boeing said the expected to close by the endof June, won’yt affect Boeing’s financial guidance. Boeing’s Integrated Defenses Systems unit, headquartered in St. Louis, is a $32 billiobn business with 70,000 employees worldwide.
which sells secure hardware and software to the government and law enforcement for anundisclosed sum. Executives at Boeing BA) say the purchase will help extend its ability to served the federal cyber security andintelligencee markets. “The addition of eXMeritus to our team is a strongt enhancement to the Boeing capabilities developedf through years of experience on secures networks for some of the most complex systemas in nationalsecurity today,” said Boeing Integrated Defenswe Systems President and CEO Jim Fairfax-based eXMeritus is the fourth company that Boeingb will add to its security- and intelligence-related lines of business since 2008.
Last year Boeingf acquired Germantown, Md.-based Digital Receivet Technology, Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewetr than 30 employeesto Boeing’xs Integrated Defense Systems’ Network and Space Systemes unit. The company’s products are certifiedd and accredited bythe U.S. government to operatr on the government’s trusted systems. Boeing said the expected to close by the endof June, won’yt affect Boeing’s financial guidance. Boeing’s Integrated Defenses Systems unit, headquartered in St. Louis, is a $32 billiobn business with 70,000 employees worldwide.
Sunday, October 3, 2010
WorldPerks miles phase-out starts Thursday - The Business Journal of Milwaukee:
dudorovanaapyh.blogspot.com
Thursday marks the month-long phaseout of the program, and the latesf installment of a marketing warbetween , which runs the WorldPerk affinity program, and , whicyh runs ’s SkyMiles program. When Atlanta-baseds Delta (NYSE: DAL) acquired Northwest in the two companies saidtheir frequent-flier programas would be merged in late effectively dumping the U.S. Bancorpl program. WorldPerks cardholders will stop earning miles from credit card purchasees on a date over the nextmonth that’s determineed by their billing cycle. Customers who switcher to the Delta SkyMileas American Express card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
meanwhile, has gone its own way, changing WorldPerkd customers over to its FlexPerks Travel Reward Visa cardsin May. Both U.S. Bancoro and Delta-American Express have been campaigning heavily in the Twin Citie market to courtWorldPerks
Thursday marks the month-long phaseout of the program, and the latesf installment of a marketing warbetween , which runs the WorldPerk affinity program, and , whicyh runs ’s SkyMiles program. When Atlanta-baseds Delta (NYSE: DAL) acquired Northwest in the two companies saidtheir frequent-flier programas would be merged in late effectively dumping the U.S. Bancorpl program. WorldPerks cardholders will stop earning miles from credit card purchasees on a date over the nextmonth that’s determineed by their billing cycle. Customers who switcher to the Delta SkyMileas American Express card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
meanwhile, has gone its own way, changing WorldPerkd customers over to its FlexPerks Travel Reward Visa cardsin May. Both U.S. Bancoro and Delta-American Express have been campaigning heavily in the Twin Citie market to courtWorldPerks
Friday, October 1, 2010
'House of Terror and Horror': Jury in Petit Murder Trial Hears Closing Arguments - ABC News
ishinlyuboqemija.blogspot.com
FOXNews | 'House of Terror and Horror': Jury in Petit Murder Trial Hears Closing Arguments ABC News Both the prosecution and the defense completed their closing arguments today in the state's case against Hayes, 47, one of two men accused of killing ... Conn. attorney: 2 home-invasion suspects at fault State granted extra time for Hayes closing argument PROSECUTOR: Hayes had countless chances to walk away from Petit home |
Thursday, September 30, 2010
Ahead of the Bell: Analyst raises Cognex estimates - BusinessWeek
http://www.allhlwines.com/Israel%60sWine.htm
Ahead of the Bell: Analyst raises Cognex estimates BusinessWeek A Baird analyst raised his estimates on Cognex Corp. Thursday due to strong demand for its vision systems, sensors, and identification readers used in ... |
Tuesday, September 28, 2010
Huntsman settles with banks for $1.7 billion - Dayton Business Journal:
http://icao-legalseminar.org/page/Questions-To-Ask-At-A-Job-Interview--What-To-Ask-A.html
The case involving The Woodlands-based companh went to trial last week in Texas state court in Conroe. Huntsman had sought $4.6 billion in damages. Unde r the terms of the agreement, the banksz were to give $620 million in cash to Huntsman HUN), along with $500 million senior securedx termloan financing, $600 million in unsecured note financing, and $12 millionh for reimbursement of litigation fees. Including a $1 billionn settlement with Hexion and its parent company, , in December 2008, cumulativr settlement proceeds total in excess of $2.7 Private equity firm Apollo had led the proposedf Hexion-Huntsman merger that fell apary in 2008 when the banksa backed away from the deal.
The proceeds will be used to repauy debt and reduce the size ofthe company’s revolvin credit facility. The company’s total pro forma debt (as of Marchh 31) falls from $3.3 billionb to $2.8 billion. “The cash and financing will enhancse our already enviable cash position to more thanapproximately $1.7 billion and provide us much greater flexibilityh as we manage our said Peter Huntsman, company president and chief executive officer. Added Jon founder and executive “Our officers and trial team did an outstanding job at triao and I believe this settlemenyt reflects those efforts and the integrity with whicn our company conductsits business.
We will put these proceedsd to good use as we press forwardd to write the next successfuk chapter of ourcompany
The case involving The Woodlands-based companh went to trial last week in Texas state court in Conroe. Huntsman had sought $4.6 billion in damages. Unde r the terms of the agreement, the banksz were to give $620 million in cash to Huntsman HUN), along with $500 million senior securedx termloan financing, $600 million in unsecured note financing, and $12 millionh for reimbursement of litigation fees. Including a $1 billionn settlement with Hexion and its parent company, , in December 2008, cumulativr settlement proceeds total in excess of $2.7 Private equity firm Apollo had led the proposedf Hexion-Huntsman merger that fell apary in 2008 when the banksa backed away from the deal.
The proceeds will be used to repauy debt and reduce the size ofthe company’s revolvin credit facility. The company’s total pro forma debt (as of Marchh 31) falls from $3.3 billionb to $2.8 billion. “The cash and financing will enhancse our already enviable cash position to more thanapproximately $1.7 billion and provide us much greater flexibilityh as we manage our said Peter Huntsman, company president and chief executive officer. Added Jon founder and executive “Our officers and trial team did an outstanding job at triao and I believe this settlemenyt reflects those efforts and the integrity with whicn our company conductsits business.
We will put these proceedsd to good use as we press forwardd to write the next successfuk chapter of ourcompany
Monday, September 27, 2010
Mercy system to buy Jewish Hospital - Dallas Business Journal:
http://child-advocacy-int.org/2010/04/led-tail-lights.html
The two entities will begin exclusivew negotiations to come to a definitivepurchase agreement, accordintg to a news release. The process is expecte to take four to six and is also subject to various regulatory Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshilp and Clermont County, alonf with outpatient and other healt care-related facilities. The purchase of Jewish, located in Kenwood, will give the syste m a presence in the northeasternCincinnati "We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area was the I-71 said James May, CEO of Mercy Healthb Partners, in the release.
Jewish Hospital will also join CatholixcHealthcare Partners, the Cincinnati-based parenf of the Mercy system. Mercuy recently won approval from Green Townshil trustees to build a new hospitalp near North Bend Road andInterstater 74. When completed, the hospital will replace its Mounft Airy and WesternHillas facilities. The , of which Jewish is a voting member along with University and Fort Hamilton had been considering acquiring the hospital as A purchase would have made it a properthy in the hospital like andthe . But in the said it woulde also considerother partners, while continuing discussion with the Health Alliance.
The two entities will begin exclusivew negotiations to come to a definitivepurchase agreement, accordintg to a news release. The process is expecte to take four to six and is also subject to various regulatory Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshilp and Clermont County, alonf with outpatient and other healt care-related facilities. The purchase of Jewish, located in Kenwood, will give the syste m a presence in the northeasternCincinnati "We are always working to provide high-quality One of the missing ingredients in coverinyg the Greater Cincinnati area was the I-71 said James May, CEO of Mercy Healthb Partners, in the release.
Jewish Hospital will also join CatholixcHealthcare Partners, the Cincinnati-based parenf of the Mercy system. Mercuy recently won approval from Green Townshil trustees to build a new hospitalp near North Bend Road andInterstater 74. When completed, the hospital will replace its Mounft Airy and WesternHillas facilities. The , of which Jewish is a voting member along with University and Fort Hamilton had been considering acquiring the hospital as A purchase would have made it a properthy in the hospital like andthe . But in the said it woulde also considerother partners, while continuing discussion with the Health Alliance.
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