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 ... |
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