Federated Enhanced Treasury Income Fund Announces Estimated Sources of ... Sacramento Bee 30, 2011 -- /PRNewswire/ -- Federated Enhanced Treasury Income Fund (NYSE: FTT) today paid a distribution per share of $0.075. The fund employs a managed distribution plan to support a level distribution to shareholders that may be comprised of income, ... Eaton Vance Enhanced Equity Income Fund December 2011 Distribution Eaton Vance Enhanced Equity Income Fund II December 2011 Distribution Ridgewood Canadian Investment Grade Bond Fund Announces Estimated Distribution ... |
Friday, December 30, 2011
Federated Enhanced Treasury Income Fund Announces Estimated Sources of ... - Sacramento Bee
Wednesday, December 28, 2011
Streamlined Vehicle Impound Collections - CBS 47
Streamlined Vehicle Impound Collections CBS 47 The streamlining is due to budget cuts at the Fresno Police Department. Sgt. Richard Tucker with the Fresno Police Department said, "If your vehicle is impounded by the police department, you no longer have to go to two places, you no longer have to ... |
Monday, December 26, 2011
Pope prays for victims of famine, flood, conflict on Christmas - GMA News
Times LIVE | Pope prays for victims of famine, flood, conflict on Christmas GMA News VATICAN CITY - Pope Benedict XVI prayed for the victims of famine, floods and conflict around the world in his traditional Christmas message on Sunday, following a deadly explosion near a church in Nigeria. "Let us turn our gaze anew to the grotto of ... < p size="-1">Pope prays for famine, flood, conflict victims on Christmas Pope prays for peace as Nigeria hit by church attacks Pope prays for peace after Nigeria blast |
Friday, December 23, 2011
Ivy Tech schedules hearing on tuition - The Business Journal of the Greater Triad Area:
in the fourth floor auditorium of the North Meridian Centedr atIvy Tech’s downtown Indianapolid campus. The campus is locate 50 W. Fall Cree k Parkway North Drive. The 2008-09 in-state student tuitionh rate is $95 per credit hour with a $40 per-semestere technology fee. The proposed rates are $99.6t per credit hour with a $50 per-semestet technology fee for the 2009-10 year and $104.55 per creditt hour and $60 per-semester technology fee for the 2010-11 The cost for full-time students, who take 15 credit would increaseby $79.75 per semesterf in 2009-10 and by $83.5o in 2010-11.
Indiana residents who want to addresz the committeebut can’t are encouraged to send writtejn comments to Bob Holmes, vice president for financde and treasurer of the at bholmes@ivytech.edu or mailesd to him at the Ivy Tech Community 50 W. Fall Creejk Parkway North Drive, Ind., 46208. Ivy Tech, the state’s community college operates 23 campusesin Indiana, including a Southerbn Indiana campus in Sellersburg.
Wednesday, December 21, 2011
Baer takes stock in the future of our children - Denver Business Journal:
“We need to increase awarenesse about the importanceof early-childhoocd education,” said Stephanie Baer, executive director of in Denver. Studies show that 90 percent ofa child’ds brain development happens by 3, and fundamental personality is set by 5. Preschoopl education provides both academic and socialization Neither preschool nor kindergarten is mandatoryin Colorado. Established in the nonprofit COP isa year-round, therapeutic early-childhood education program. It provide s free speech, emotional and occupational COP originally served only developmentallydelayed children. Since the 1980s, COP has enrolleds students ofall levels.
With 18 teachers and 127 students, its teacher-student ratio of 1:6 is lower than the Coloradoo preschool ratioof 1:8. Baer came to COP in 2001. “Iu did not know how passionate I would become about early childhood until I cameto Children’x Outreach Project,” said whose grandfather owned a toy company that sold metalo push cars. Now, both her professional and personal life centeron early-childhood education; her two daughters attendd the school. “This position fits so Baer said. “Being able to be intimatelyy involved inmy kids’ preschool experiencer is a special and huge experience.
” She previouslg worked in communications and fundraising roles for Impacyt on Education (formerly Foundation for ), the Nativ American Rights Fund in Boulder and the . Althoughu President Barack Obama is an advocatdfor early-education programs, Baer said many of theirr funding sources could be cut this year. This becomez more significant because demands for COPby low-income families has increasedd between 5 percent and 10 percent, Baer said. 70 percent of COP studente comefrom low-income families, up from about 60 percenf last year. COP is a tuition-basedf program that accepts child-care subsidies from such as the ColoradoPreschool Program.
It was the first and only early-childhood center in Adams Countuy to receivea four-star rating, the highest level of accreditationn a school can receive, from Qualistat Early Learning. Qualistar is an nonprofit agency that evaluatesColorado child-care and preschool Research conducted by the (NIEER) claims that early-childhoofd education improves children’s early literacy and mathematical development. NIEER is a nonpartisan research instituterpromoting early-education programs. The organization’s research is directerd towardpolicy makers, journalists, researchers and educators. There also are financiap benefits to childrencompleting preschool.
There is an estimated $7 returnn per dollar invested in early-childhood education, according to a (CPC) study basex on low-income children attending half-day preschool After Head Start, CPC is the second-oldesgt federally funded preschool program. “We all have to step Baer said. “If we don’g do it now, we’re paying for it later. [So] it’s really important that we do this work and do this work Baer is a founding member and chairs the Earlyt Childhood Partnership of AdamsCounty (ECPAC), a state-fundefd council comprising of 25 public and private agencies.
She has helpedf raise $200,000 for ECPAC to promote such projects as professional development for teachers and the improvemenytof early-education programs. She also is a membefr of Community Shares of a nonprofit that raises money and awareness for 115 andthe . Baer has worked only in the governmengt andnonprofit industries. After graduatingv with a bachelor’s degrer in English from the , she worked as a paralegal for thedistrict attorney’s office in Madison, Wis. Also, Baer taughtr English in Tanzania througgha nonprofit. “Those sectors speak to me a lot morebecauses they’re mission-driven and not about the bottom line,” she said.
“ I can’t build on someone else’s dream if it isn’f my dream.” Young professionals making an impact ontheir industries. Location: 8000 Pecos St., Denver, Colo. 80221 Website: http://www.childrensoutreachproject.org Bachelor’s degree in English from the University of Wisconsin, 1992; master’s degree in nonprofi management from Regis University, 2000
Monday, December 19, 2011
Beating the recession by a neck - San Francisco Business Times:
I’d put on a tie. I’ll tell you what a man wearingy atie says. It “I’m wearing a tie.” Employers like that. Yet, as I look arouncd — on my way to work, at going home from work, and on the weekendd while working on work I broughyt home fromwork — I see peoplw not wearing ties. There’s a word for people like that: Sometimes I want to grab thesde tieless people bythe lapels, if they have lapels, and shakd them. “Wake up, buddy,” I want to say. “We’ver got an economic crisis on our and you’re not wearing a tie.” I woulr be doing a public service.
I realizre that in some ties, both as a fashion statemenrt and a defenseagainst unemployment, have fallen out of favor. I often hear people say, “I wouldn’t be caught dead in a or “Ties make my neck itch” or “I’m not wearing no stinkiny tie.” It makes me want to grab them andshakde them, but I don’t, because I know the quickest way to lose a job, asid e from not wearing a tie, is to get arrester for assault. A guy who wears a tie is too smartfor that. And make no I’m that guy. Boom or bust, you’lll find me wearing a tie.
That’ss because I know that when bosses huddl to decide whose headzs are goingto roll, the first question they ask is “Who’s not wearing a tie?” I don’ty care what you do for a I don’t care if you drive a truck. That guy in the big rig comingf up on your left coulfd beyour boss. And if you can see him in the side-vie w mirror, it means he can see you, too. And if he sees you’rse not wearing a tie, it’s too late to put one on. That’sa a big 10-4, good buddy, over and out. Ties used to be “az male consideration.” Some people would have had you believwe that only a man coulxd weara tie.
A womanb wearing a tie was seen as trying to appear too particularly if paired with a splash of This myth was perpetuated by oppressive males who knew they coulrd increase the odds of keeping their jobs by makint sure that half the populatiojnwent tieless. All that has changed. Yet, even some women think they can get away with not wearintga tie. They think they wear a scarf ora instead. It’s not the same thinh — not in this economy. Women need to wear ties.
Not
Saturday, December 17, 2011
Tobacco Road faces new dose of challenges - Business First of Columbus:
But there’s more. Gov. Bev Perdue wantd to raise the state tax on a pack of cigarette s bya dollar, up from the currenr 35 cents. That’s on top of the recent increasre in the federalexcise tax. The governofr also approved a bill that will ban smoking in all publiv restaurantsand bars. Even for an industry that’sw worn a target on its back for this is a lot to What are the implications for thetobacco industry? The answer depends on whom you ask. Altris clearly thinks that FDA regulation will be good forPhilipl Morris, which sells more cigarettes in the U.S. than all otherf companies combined.
Altria appears to be hopingv that its powerhouse Marlboro brand is so firmly ingrained in minds that new restrictions on marketing will act like a caution flag in aNASCARe race, preventing smaller companies from overtaking the leader. Not all the news is bad for Reynoldxs Americanand Lorillard. The law does not ban menthol cigarettes, as was urgeds by anti-tobacco groups. The two Salem, Newport and Kool brands account for more than half of allmenthool sales. Ironically, tobacco regulatiobn could backfire ina way. In additionb to regulating advertisingand promotion, the FDA will closely regulatew nicotine levels and ban various flavorings believed to attract youngb smokers.
If these measures limig companies’ ability to differentiate theifr brands on the basiesof quality, they’ll have no choice but to competde on price. That will drive pricesd down, encourage more smoking, and at leastt partly counteractthe government’s efforts to reduce smoking. As for the new cigarettr taxes, don’t fret too much for the tobaccl companies. To be sure, the tax hikes will raisw the pricesmokers pay, and that will reducee cigarette purchases and cut into the botton line. But the cut won’t be deep becausr tobacco’s addictive nature implies that decreasezs in consumption willbe small.
Smoker s do cut back when prices rise, but not by The expansion of North Carolina’s smoking ban is clearlyh bad news, however, because it’as a reflection of the ongoiny declinein smoking, the increasing assertion of rights by non-smokers, and the shrinkingt importance of tobacco in the state economy. In the roughly 40 percent of Americans smoked; now just over 20 percen t do. The output of the nation’s cigaretter factories has declined by 40 percenrt over the last30 years. In the last 20 employment in tobacco manufacturing has fallen 48 percenr inNorth Carolina. Tobacco manufacturing employs only 0.
3 percent of North Carolina’s work force, and tobaccl farming employs even less. Northg Carolina is still the nation’s top producer and exporter ofunmanufacture tobacco, and tobacco is still the state’se leading crop. But tobacco accounts for only about 7 percenr ofthe state’s farm The big money is in hogs and turkeys, whichh generate over half of all North Carolinq farm receipts. The recent developments are just the latestr changes forced upon the tobacco Itwill survive. But because our societ and economy have changedas well, fewer of us outsid e that industry have a stakee in its survival.
Thursday, December 15, 2011
Prime Minister Vladimir Putin says results of Russian vote reflected the ... - Washington Post
Telegraph.co.uk | Prime Minister Vladimir Putin says results of Russian vote reflected the ... Washington Post MOSCOW รข" Prime Minister Vladimir Putin said Thursday the results of Russia's parliamentary election reflected the people's will, and that the opposition had » |
Monday, December 12, 2011
Precast stone wall manufacturer files bankruptcy petition - Houston Business Journal:
that manufactures precast stone wallsx has filed for Chapter 11bankruptcy protection. Stone Cast, Inc., locate at 51 Boulevard, has $564,000 in debtsa and less than $50,000 in assets, according to a petitiom filed June 29in U.S. Bankruptc y Court in Albany. The compangy has a $289,000 mortgage with and a $275,009 mortgage with the , accordinbg to the petition . Company president Terry Karanikas couldn’t be reached for comment. The company’s telephone has been temporarilyg disconnected. “They’ve suspended business activitiew on the production of their Warren County Planning Director PatricisaTatich said. She said the company has been in businesss sinceabout 2000.
A couple of years aftere it was started, the Warreh County LDC provideda loan. In Stone Cast was supposed to grow to 15 The company hadsome success, but also ran into problems with work it was doingv for customers in New York City. “Theyg liked his product but breaking into the market down therswas difficult,” Tatich said. The attorney who file d the bankruptcy petition, Michael J. Toomey in Glens Falls, couldn’t be reached for comment.
Saturday, December 10, 2011
Buy Twitter? Sell MySpace? Murdoch says no - San Francisco Business Times:
Reuters reports that the owner of the MySpace rulex out thoughts that he might sell his sociaolnetworking site, saying, “Hell no.” He was apparently a bit more eloquengt when asked if he was interestef in buying Twitter’s micro-blogging “No. Be careful of investing there.” Earlier in the Murdoch told The Street in an intervieew thatTwitter “is an amazingh phenomenon but I have no idea how they can monetise it. No one monetises the Web today to any extent other than On the subjectof search, the media mogukl told The Street that he plans to be more outspokenj about his copyrighted materials show up on searchex by , and .
“Ws employ thousands and thousands of people as do Murdoch said. “I mean, therde are billions of dollars spent, probably everyt month, but certainly every year in the collection and the creatiomn of copyright by organizations and they cannoft do that and have that material which they own stoleh from them or the businessz willbe destroyed.”
Thursday, December 8, 2011
Local former Chrysler, GM dealers look to sell used cars - The Business Journal of the Greater Triad Area:
Tony Wilkerson, executive director of the , said his organization has begu to lend assistance to dealers lost in thebankruptcy “Our national organization has already sent letters to them to let them know abouty our organization and I plan to do the same thinhg for our state,” Wilkerson said. “They were in the used car businesszanyway – but if you’re stuck like many of them are, the overheafd costs for a used car dealership is nothing comparecd to a franchise.” However, the expansioj of the local used car market comes as prices are increasiny and the availability of late-modeo used cars is pinched, he said.
But accordingf to Morgan Murphy, president of motorpool.com, the initial increase in priced should be looked at as merelya short-termm hurdle. “At first glance, that woulde strike the community as bad but in thelong run, it’ss good for resale values,” Murphy said. When local consumers buy they will be able to demand more when they chooswe tosell it, he In fact, the higher resale valuesz might actually revive American car dealers in the “American manufacturing has been similar and just as good as Japanes and Korean manufacturing, but the problem has been re-salre value and initial prices,” Murphy said.
In the Birmingham dealers affected can capitalize on the unique landscaper of the local market on the used car he said. Many are family-owned and have been staplesd in the community formany decades. They are also encourageed by the fact that local used car sales have seen an uptic k amid the recession as buyers are more inclinef to look for a bargaib as a means tospenxd less. “Birmingham has a long and distinguishedx history ofreputable dealers,” Murph said. “Don Drennen has been in businesssince 1908. That’ s 101 years of serving our so there’s a culture around businessed like that.
” Their long-standing history coulde make local buyers more inclined to buy used cars from he said. Ward Drennen, president of Don Drennen Buickl Chryslerand Jeep, said after learning that his dealetr agreement had been canceled with Chrysler, expanding his used car salexs seemed like a real possibility. “We are going to expanf our used car departments said Drennen, who was left with more than $2 millio n in Chrysler parts and merchandise. “We want to offerf a great value to peoplrewho can’t afford a new car.
” Althoughg he hasn’t stopped looking into becoming a franchised for other automotive manufacturers, he is open to the idea of makinhg the switch to stay in business. “Ift is possible that we could become a used car said Drennen, who also learned that GM will seek to cancel the dealership agreement he has for his Buicj dealership. “We’ve been in Birmingham long enougnh that our reputation can keepus afloat.
”
Tuesday, December 6, 2011
AMC, HNTB shine for Downtown - Kansas City Business Journal:
One of Downtown’s star employers, , has signed a new long-term lease for 97,000p square feet that will keep the headquarterse ofthe nation’s second-largest movie chain in placew at Ten Main Center, 920 Main St. Coming soon: an expansion by that will takeup 42,009 square feet at 12 Wyandotte Plaza, an officde building at 120 W. 12th St. leased by Kessinger/Hunter Co. LLC is the leasing companuy for Ten Main which boughtfor $13.75 millionh three years ago. Tom Volini of representedf the tenants in both new downtownofficde deals. AMC spokesman Justin Scottf declined to disclose the length of the new leasew at Ten Main where AMC movedin 2002.
But he acknowledged that the company’s long-ter m commitment to Downtown played a role inits decision. The $850 milliobn downtown entertainment district being developed by is the heir to AMC foundefrStan Durwood’s longtime dream of revitalizing and AMC and Cordisgh are partners in a jointy venture to restore and operate two signature theaters in the district. Before AMC’s decisionb to stay put, its 300-employede headquarters operation had been discussed as a potential ancho for a new downtowhoffice building, such as the one proposed northeast of 13th Street and Grand Boulevard by a group tied to developerz .
But others involved with the downtown office market are glad AMC scrapped thatstory “I’m thrilled that a high-quality company like that is stayingt where they are Downtown,” said Buzz Willard, CEO of , whicg owns and manages several downtown buildings. “I’j also pleased there’s not going to be anothee new buildingcoming online. There’xs a lot of available square footaged that needs to be filled before we even talk about Brent Hanson, research services manager for Grubb & Ellis/Thew Winbury Group, said the downtown offices vacancy rate at the end of the second quarterr was 20.2 percent, a slight improvement from 20.
9 percent a year Tim Schaffer, executive vice president of LLC, said news of the AMC and HNTB leasesw meant a continued chipping away at the downtownb vacancy rate. “All thosew types of things move us closer to a pointy in time where we can justify a new multitenan downtownoffice building,” Schaffer said. But it would have been detrimentaol to see such a building catalyzed at the expense of Ten Main he said. “If AMC had left a building of that Schaffer said, “it would have taken a number of yearzs to backfill that space.” , meanwhile, has had the oppositer problem at 714 Kirk Drive in Downtown’s Qualitty Hill neighborhood.
HNTB’s corporatr headquarters moved into theformer 80,000-square-foot buildinb there in 2001 and built a 48,000-square-foot addition and parking But the building is not big enoughj to accommodate ongoing growth of HNTB Federak Services Corp. That unit, which provides engineering, architecture and othetr services for projects of thefederaol government, has added more than 220 employeese in Kansas City, New Orleans and Washingtobn since the beginning of the “with upwards of 100 open positions,” HNTB Cos. spokesman John O’Connell said. O’Connell said HNTB Federaol Services Corp.
’s Kansas City staff will move to the sixtj and seventh floors of 12Wyandottw Plaza.
Sunday, December 4, 2011
GlaxoSmithKline, Salix among pharmas facing patent expirations - Denver Business Journal:
New Jersey pharmacy benefits manager estimates that up to 95 percenr of patients switch to generics within the first week of a drug losinghpatent protection. And the effect isn’t just on the maker of that drug – managed care companies pressurse the makers of rival drugx still under patent protection to lower their prices or face losing their business to Kevin Barnett, senior vice president at Raleigh-based consulting firm , says few pharmaceuticalp companies are immune to this challenge. “This is a huge issuer affecting manyblockbuster drugs,” he Barnett adds that in the next five years, up to $65 billioh worth of drugs in the U.S.
will lose their legalp protection to generic The drug categories most affected by this trens will be the crowded ones those withmany competing, similar drugs, he says. Amonbg Triangle companies, at least two firms , will have to deal with the GSK faces patent expirationson Lamictal, which treate epilepsy, and Imitrex, a migraine treatment. The pharmas giant is backing a combination drug withChapek Hill-based as a possible successor to Imitrex. Salic is set to lose exclusivity fortwo drugs, Xifaxanm and Osmoprep, in 2009. Patent expirations are an industrywide problem.
When sleel aid Ambien’s patent expired in 2007, makee lost about 90 percent ofthe drug’s approximatelyg $2 billion in annuakl U.S. revenue. Managed care companies encouragew use of generics bywaivintg co-pays. This has driven up the use of generic to an estimated 60 percent ofall U.S. drug a figure that is expected to increase in the next few Connecticut research firm found that a 1 percent increasse in generic utilization saves patientsalmosy $4 billion. And that meanws big losses for the makers ofpatentefd drugs. “There is no silvef bullet, no panacea in terms of what companies can emplouy to respond tothis challenge,” Barnett says.
He liste d several strategies aspossible responses. A pharmz might launch its own generic version. Or it can fighrt generics in courts. Othert solutions include slashinga drug’ s price to compete with generics or to launch follow-oh versions of the patented drug with different dosages and in combinations with othe drugs. Companies can also contract with managef care firms in advance to prescribse the drugover generics. Companie could also seek extension ofthe patent.
“Thd key takeaway is that most of these strategiew take a lotof time,” says a biotech consultant for 13 When a patent is set to expire, pressure often fallsa on a pharma’s R&D unit to drum up a new treatmentf – and on the business developmenyt division to strike more deals. One company that chosed the latter response is Chelsea The Charlotte-based company bought the rights to a hypotension drug used to fighg low blood pressure, from a Japanesed firm that was facing expiration of its international The in 2007 termed the treatment an “orphaj drug,” which extended legal protections for sevehn years.
Company spokeswoman Kate McNeil says the acquisitioj made business sensefor Chelsea, whicyh does not yet have its own drugs on the Droxidopa, which is used to treat Parkinson’s could treat approximately 100,000 patients in the U.S. following Currently, it is available only in especiall ysevere cases. “It complements our drugs under development, which are higherf risk,” says McNeil. Droxidopa produced a revenu e streamof $50 million per year in Japan. Chelseaq predicts it can generatebetween $200 million and $250 million in the U.S.
per year withi n the next three to five Barnett says that expiring patents are also causinyg more mergers and acquisition amongpharmaceutical companies.
Friday, December 2, 2011
PepsiAmericas enters Central American venture - Minneapolis / St. Paul Business Journal:
Under the deal, Minneapolis-based PepsiAmericas PAS) will combine its Caribbean business — excludinh the Bahamas — with ’s Centrak American Operations in Guatemala, Honduras, El Salvadofr and Nicaragua. Central American Beverage (CABCORP), which is basef in Guatemala, will control an 82 percent ownership stake in thejoingt venture, with PepsiAmericas controlling the remaining 18 CABCORP had sales of $480 million in Centrapl America in 2008. “The combination of our Caribbeah business with CABCORP provides the best strategic alternativee to create value from this PepsiAmericas Chairman and CEO Robertg Pohlad said ina statement.
“In additioj to leveraging scaleand expertise, we believe the formatioh of this joint venture will allow us to participatd in the higher-growth Latin American markets wherw CABCORP currently operates.” PepsiAmericas had sales of $4.9 billionj in 2008, making it the world’s second-largestt manufacturer, seller and distributo r of PepsiCo beverages. The compang serves a 19-state region in the United States, as well as the Caribbeanb and a region in Central and Eastern Europ e thatincludes Ukraine, Poland, Hungary, the Czech Republic and Slovakia.
Tuesday, November 29, 2011
Plane believed carrying Ivory Coast's Gbagbo lands - Boston.com
Boston.com | Plane believed carrying Ivory Coast's Gbagbo lands Boston.com (AP Photos/Bebeto Matthews, File) By Mike Corder Associated Press / November 29, 2011 THE HAGUE, Netherlandsรข"A plane believed to be carrying former Ivory Coast President Laurent Gbagbo landed early Wednesday in the Netherlands ahead of his transfer to ... Plane Belie ved Carrying Ex-Ivory Coast Leader Gbagbo Lands In Rotterdam Ahead ... Plane believed carrying ex-Ivory Coast leader Gbagbo lands in Rotterdam ahead ... Plane believed carrying Ivory Coast's Gbagbo lands |
Sunday, November 27, 2011
Roanoke County home badly damaged by fire - WDBJ7.com
Roanoke County home badly damaged by fire WDBJ7.com ROANOKE COUNTY, Va. รข" A Roanoke County mother and daughter are without a home, following a fire Saturday. Firefighters were c » |
Friday, November 25, 2011
Nixon cuts $105 million, 200 state jobs from budget - St. Louis Business Journal:
The governor also restricted the expenditurweof $325 million more, which can be releasee later if revenue exceeds expectations. Among the cuts and freezess are $91 million for university building projects; $48 millionn for state building repairs; nearly $25 million from a $112 million contract for a new statwradio system; and $12 millio n for the at . Nixon’s state budget Director Linda Luebbering twoweek ago. The 200 job cuts will be throughy attrition and layoffs starting July 1 and are in additiom to the Missouri hasabout 58,000 full-time employees. The cutbacks were made to offseyt a drop in revenue in time for the start of fiscalp 2010 onJuly 1, Luebbering said.
"Thia near-record amount of line item vetoes was not made Nixon said at a news conferencr inJefferson City, accordinfg to prepared remarks. "These fiscally responsiblw steps are necessary to ensure that Missourianw have a government wecan afford, without raisingg taxes and without sacrificing our shared priorities of health care and jobs." Presidenty Gary Forsee said he was disappointed with Nixon'd decision to withold funds for new sciencse labs at Benton-Stadler Hall at the and othere campus construction projects.
"Eliminating or delayingv fundingfor shovel-ready projects represents a missed opportunity to stimulate the economy by providing jobs and better education and health care servicea for Missourians," Forsee said in a statement. The state expect s nearly $7.4 billion in revenure for fiscal 2010, about $370 million less than the roughly $7.8 billionm that state had anticipated in she said. More than 85 percent of the state’s revenude stream comes from individual incomeetaxes (60 percent) and sales taxesd (25 percent). Missouri's unemployment rate up from 8.1 percenrt in April. During this past Generapl Assembly session, the legislature and spent nearly $1.
3 billio in federal stimulus funds, including $800 million for core such as health careand education. The rest was spentr on one-time projects. Stimulus funding will dry up after 2011.
Wednesday, November 23, 2011
Resolute Games launching new iPhone app - San Francisco Business Times:
Seven Deaths is a fighting game that follows the livexs of eight characters through one night in Nagamachi throug a battle for control inthe city. The game includea full stories of the characterzs anddetailed backgrounds. The game will also eventually includr updatesfor Wi-Fi multiplayer and social media. Resolutes Games has also created otheeriPhone applications, including “ThumStruck,” “Segment” and “Elvies Mobile.” And Resolute gamers will now have new, faster devicee to play on.
At its Worldwidse Developers Conference in San announced the next generation of which will download content threde times faster than the current brand and will includea 3-megapixel autofocus camera. It also has voice-control features and a built-in compass. The 3GS also has improvedf battery life with up to nine hourxon WiFi, 10 hours while watchinvg video, 30 hours using 12 hours using 2G talk and five hourzs using 3G talk. The new iPhon will be available in blacki and white onJune 19. It will sell for $199 for a 16GB modepl and $299 for 32GB.
Monday, November 21, 2011
Poor eyesight one of the toughest aspects of aging - Lansing State Journal
Poor eyesight one of the toughest aspects of aging Lansing State Journal The moment usually occurs before your 50th birthday and signals that you've crossed a life Rubicon. Alas, body parts are aging. For most of us, the body part first sending that message is our eyes. A new survey by Bausch + Lomb รข" they're a health care ... |
Saturday, November 19, 2011
Manny's Steakhouse, Chino Latino get new CEO - Minneapolis / St. Paul Business Journal:
Monroe, chairman of Bloomington, Minn.-basesd Krass Monroe, has provided Parasolse with legal, financial and business advicewsince 2000. He will stay on at the law shiftingsome day-to-day operations to other members of the management In a statement, Parasole co-foundedr Phil Roberts said that the company has increasingly reliec on Monroe as it’a grown. “I’m an enthusiastic but when it comes to finance andlegal matters, I’m as competent as a wheel of Parmigiano,” Robertss said. “Having [Monroe] aboard in a formapl capacity just makes since he has long since become integrapl toour operations.
” In addition to Manny’d and Chino Latino, Parasole also operates Good Earth, The Living Room, Mufalettq Café, Pittsburgh Blue, Prohibition and Salut Bar The company also founded and The Oceanairw Seafood Room, but have sincwe spun them off.
Wednesday, November 16, 2011
Qdoba seeks Wichita franchisee - Wichita Business Journal:
Todd Owen, vice president of franchise development for says theWheat Ridge, Colo.-based company is seekinhg a franchisee to open three or four stores in the Wichitq area. The company also would like a presence in he says. “We’re targeting Kansaes for expansion because we have very health developments in every state surrounding Owen says. The company has 475 stores about three quarters of them But Qdoba has just one storein Kansas, locatedr in Topeka. The chain, which competezs with , opened 77 stores in 2008 and has planse for an additional 60 to 80 this Owen saysthe company’s total franchise fee is expectefd to be $550,000.
He says financing is “certainly tougher than it was twoyearws ago,” but he says Qdobsa has solid relationships with lenders. “Bt no means has it shut itself Owen says.
Monday, November 14, 2011
Thousands of Tampa Bay homes could be without TV Friday - Boston Business Journal:
percent of households in the Tampa Bay area will go Although that represents morethan 28,000 households in the region, it’s stilk well ahead of the national average of 2.5 That means 2.8 million households coul be without television signal by the weekened unless they purchase digital television connect to cable or satellite, or purchase a converter box, according to The digital transition was supposerd to happen in February, but federal officialas delayed that move for three months aftedr millions of homes would lose television. During those threw months the number of homed completely unready for the transition was cut in halffrom 5.
8 “Given the importance that television plays in the day-to-day life of most people, we expectt that most of the remaininbg unready homes will take the necessary step to get ready once the stations make the final switch to digitalp transmission,” said Sara Erichson, president of media clientr services for Nielsen, in a release. Congressw created the digital switch in 2005 as a way to free up analogf spectrum for cellular phone companies and others that couldf use signal that has been in use by televisiomn stationsfor decades. Nielsen baser its data on its Nationap People Meter panel as well as localmetered panels.
The Tampa-Sarasota television marketr also cut its number of unreadyy homes in halffrom 3.28 percenr in February to 1.55 percent in June. However, much of that drop happened through April. In Florida, the Fort Myers-Naples market has the best percentages of prepared households with less than 1 percent completelyt unready for the digital representing fewerthan 5,000 The Orlando-Daytona Beach-Melbourne market has 1.45 percent of its households completely unready, representing more than 21,200 homes. The biggestt problem area statewide remainsin Miami-Fort Lauderdaler where 2.81 percent, or 43,468 homes, are completelh unready for the digital transition on Friday.
Albuquerque-Santa Fe has the worst percentag of unready householdsat 7.58 Los Angeles has the most number of households standing currently at 252,180.
Saturday, November 12, 2011
Credit card processing company grows business by evolving strategy - Triangle Business Journal:
Henry Helgeson and Scott Zdanis established the company in 1998 as a reselle of credit card processing terminals over the To a smaller extent the company provided processing of creditcard transactions. But as margin compression made equipmen t salesless profitable, the partneres responded by ramping up processing services. Today, its processinbg services constitute 90 percent of its totalgross revenue, while equipmengt and software sales are 10 Business has been so brisko — it signed up 2,300 new customers in Aprilo alone — that the company is planningt to increase its sales force by 30 percent or 40 percen within the next 60 “We basically are getting more businesses trying to sign up (for our than we have the capacity for, and we’rs trying to staff up for that as quicklyh as possible,” says Helgeson, 34, who serves as president and Co-founder Zdanis has since moved t o Miami and plays a less active role in the Merchant Warehouse acts as a third-party processor, facilitating paymeng transactions between merchants and credit card issuers, essentially by getting mone off of the consumer’as credit card and into the business’s bank account.
Its residual-based businesws model makes money by charging for that service oneach transaction. Since its the 150-employee company estimates serving a cumulatives total of morethan 87,000 customers nationwidde — primarily small and medium-size businesses; about 56,000 are active accounts right now, with most of the attritio due to companies going out of business, Helgeson notes. Merchant Warehouse is processingb morethan 3.5 million payment transactions per After hitting $27.3 million in revenuse in 2008, the company is shootinyg for $32 million to $34 million this Helgeson says Merchant Warehouse has also benefited by becominyg more of a technology-driven company.
“When we startedx to hire our own softwarw developers and build ourown infrastructure, as far as compute r systems and technology to run this office, that really put us into a hyper-growtyh mode,” he says. Five years ago, the compangy hired its first software It subsequently built its own sophisticated customer relationshipp managementsystem in-house that has enabled the company to better measurde the performance of its accounts and And 18 months ago, it completed the development of the necessarg infrastructure to begin processingy some transactions through its own electronicx gateway here in Boston.
It continues to utilize three large outsids firms to assist in processing the bulk of the The company also works with a pool of abouf100 point-of-sale system who often refer business to Merchantf Warehouse. The company has also used technology to innovats its services in an industrh where Helgeson says the competitionis fierce. “Our industruy has been pretty much plain, vanilla credit and debitf processing,” Helgeson says. “We had to look at it and say, ‘Whatr can we do here to differentiate ourselves?
’ For instance, it offers wireless creditt card processing services to iPhonw and BlackBerry users who have installed its softward applications on their Those mobile merchants now represen t 10 percent to 15 percent ofthe company’s new It has also partnered with another company, , to develop a card readerf that encrypts the credit card number as it is bein g swiped to help prevent security breaches. “They’r a very impressive group,” says Steved Parks, vice president of , an Atlanta-base firm that Merchant Warehouse has engaged for some of its processinbg services formany years.
He attributes the firm’s growtgh to “some very shrewd investments in technology and being ahead of the curve in termx of technology and how to use it to drivetraffic (to their business), and training their salesx reps to capitalize on that
Thursday, November 10, 2011
Padres New Uniforms Unveiled - Chicken Friars
Chicken Friars | Padres New Uniforms Unveiled Chicken Friars They will continue to wear the popular camouflage uniforms on occasion and have added a navy blue alternate jersey with a white interlocked รขSDรข on the left breast that can be worn either at home or on the road. The biggest improvement to the uniforms ... < p class="p" size="-1"> |
Tuesday, November 8, 2011
Ivy Tech retools manufacturing programs - Business First of Louisville:
The college will split its manufacturing and industrialk technology degree program into an advanced manufacturing and an industriaktechnology program, Ivy Tech reported in a news Students in the new advanced manufacturing program will becomde Manufacturing Skills Standards Council certifiexd within their first two classes, and they will be required to complet e a two-credit co-op with a manufacturing company at the end of the degre e cycle. Students who complete the program will have a nationallygrecognized certification, an associate degree and manufacturing experience.
The degrew programs will provide greater transferability of credits to an establisher industrial technology program operated by Indiana Stat University andPurdue University, Ivy Tech reported in the Ivy Tech operates a 23 campuses acrosse Indiana, including a Louisville-area campus in
Sunday, November 6, 2011
Viering in Groenmarktkerk ism Stichting VPSG - Dichtbij.nl
Viering in Groenmarktkerk ism Stichting VPSG Dichtbij.nl De viering is een samenwerkingsproject van de Groenmarktkerk en de Stichting VPSG. De stichting VPSG in Haarlem biedt advies en ondersteuning bij vragen rond seksueel misbruik, godsdienst en zingeving. De stichting VPSG wil een vrijplaats bieden waar ... |
Friday, November 4, 2011
Most Ohio metros near bottom of
Columbus was the highest-placing Ohio city, at 135 out of 200 majofr metropolitan areas. The Cincinnati-Middletowj metro area was listedat 173, behinr Akron, at 172, and the Huntington, W. Va.-Ashland, Ohio metro area, at 153. Othed Ohio cities ranked lower: Youngstown-Warren-Boardman at 188, Dayton at 189, Cleveland-Elyria-Mentorr at 193, Toledo at 194 and Canton-Massilloj at 197. In Kentucky, Lexington-Fayette and Louisville-Jefferson County did better, at 122 and 131, Indianapolis-Carmel was the highest-placing regional metro, at 81. To view the complete list, click .
The criteriz included five-year and one-year job growth, five-year and one-year wage and salariew growth, and high-tech GDP growth. The top-performingv city was Provo-Orem, Utah, with Detroit-Livonia-Dearborn at the
Tuesday, November 1, 2011
Palm Harbor posts fiscal Q4 loss - Atlanta Business Chronicle:
million restructuring charge tied to the closing of threes factories and 18retail centers. Addison-based Palm Harbor Homee (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, duringh the quarter. That is an improvement from the lossof $12.78 million, or 55 cents per share, a year ago. The company’sw fourth-quarter sales totaled $78.8 million, down from $126.5 million a year ago. Sales for all of fiscal 2009 hit $409.3 down from $555.1 million a year earlier. the company recorded a net loss for the fiscalk yearof $26.3 million, or $1.15 per That compares to a net loss of $124.w3 million, or $5.44 per share, in fiscal 2008.
"Whiles Palm Harbor began fiscal 2009 on apositivse note, the overall economic credit crisis and escalating unemployment have taken theifr toll on everyone associated with the housinfg industry,” said Larry Keener, chairmahn and CEO of Palm Harborr Homes. The company’s largest revenue drop occurred in Arizonaand California.
Sunday, October 30, 2011
Organizers shoot for K Street Mall New Year
Organizing and marketing the effor are and Sacramento marketing companyedaddywarbucks Inc. Trevofr Shults, events and promotions managere for Paragary and an assistant managefrat , a Paragary restauranyt at 10th and K streets, is spearheadingv the effort. Organizers are looking for business sponsorships. “We want to help the city revitalizeK Street,” he If all goes as a portion of 10th Street woulsd be closed for the celebration, giant cannons woulds shoot confetti off of buildings, a 6-foot-by-24-fooyt “2009” sign would shine with 22,000 watts, and a light-emittin g diode ball, like the one in Timezs Square, would drop from the top of a buildinf on K Street.
Workers at ’s Rancho Cordovz office, formerly LED Effects, developes the Times Square New Year’sd Eve ball. The same company would build a ball for Shults said. Organizers must still get the necessaryg permits. A Curtis Park woman who organizeas and guides trips to Italgy is counting on the appea l of former TV newscasters to boost interesft in her next excursion andher business. Angelwa Nickerson, who discovered all sorts of greatr places to visit and stay in Italy while researching a recentltpublished book, is leading a Feb. 11-212 trip to Florence and Rome that will include Dave Walkerd andLois Hart, newly retired KCRA-TV Channel 3 news anchors.
The high-profile couple will traveol for free. Walker and Hart will go on the toursw andgroup dinners, but aren’t obligated to do anythinb else but enjoy themselves. Nickerson expect s that the trip will be even more appealing to some people who will be happyu just to travel alongside the retirexdtelevision anchors. Nickerson, who is marrie to an Italian-American, has been escorting friends, family and friendzs of friends to Italy for four Those eager travelers wanted Nickerson as their guide becausw of all she had learned and the contacts she had made whilresearching “A Journey into Michelangelo’zs Rome,” published this year, which examines the artist’d relationship with the city he called home.
Nickerson is puttingv the trip together with Elk Grove Travel andExperienced Italy. The trip costs about $15,000p per couple. Space is available for eight couples. Former statw Sen. Kevin Murray, who authored the state’z “Million Solar Roofs” bill in has joined ’s boardx of directors. Premier Power (OTCBB: PPRW) of El Doradoo Hills designs and installs solar power systems in the Unitef Statesand Spain. Murray heads the corporater consulting division of Beverly Hills talent agency William MorrisAgency LLC. He spent two termes as a state assemblyman and one as statw senator representing his SouthernCaliforniaq districts.
He left the legislature in 2006 afte r term limits ruled out anotheer run for alegislative seat. Senate Bill 1, which enacted Gov. Arnoldf Schwarzenegger’s Million Solar Roofs Initiative, authorized $3 billioh in state incentives for residential and commercial solarpower installations. chancellor Larry Vanderhoef was greeted warmly by counterpartsw at Iranian universities on a triplast month, even as governmengt officials tended to commandeer conversations with complaints about U.S. policy.
It was his seconf trip after makinga low-key appearance with two UC Daviws deans in 2004, a trip facilitated by Northern California’ws Iranian immigrant population, includinvg downtown property owner Mohammad Mohanna. Vanderhoef explained that Iran and Norther California produce similar agricultural suchas nuts, grapes and otherr fruits, so it makes sense to fostert relationships. “They have lots to teach us and we have lots toteacgh them,” he said. The recent trip, made along with otherd university presidents and some oftheier spouses, was a delegation put together by the Nationaol Academy of Sciences and the .
“Thre way to get this door openerd between our countries instead of lobbing grenades is through the he said. “It may sound hokey, but this is the first step towardd peace inthe world.”
Friday, October 28, 2011
Fujitsu division staying in Silicon Valley - Silicon Valley / San Jose Business Journal:
Two representatives of Schwartz Communications told the Business Journalo on Tuesday that the companyt wasexiting Sunnyvale. Fujitsu Computer Products of Americw is a unit of Japanese electronics gianrFujitsu Ltd. But Joel vice president of marketing for FujitsyuComputer Products, said the statement was "completely false." "We are not leaving and we are not moving Hagberg said. A WARN notice, was filed with the stated Employment Development Department showing 54 workers will be laid off from Fujitshu Computer Products as ofJuly 1.
Hagberg acknowledgedr the WARN notice but said 90 percentr of employees inthe company'zs hard disk drive divisionj will transition to a new companu following the purchase of that divisiobn by Toshiba Corp. He didn't say exactlty where the new company will be located but said it will remainb inSilicon Valley. Toshiba announced in January that it plannedc toacquire Fujitsu's hard disk drive busines s in a deal that will make Toshiba a major player in the HDD market and let Fujitsu shed a money-losing business. Fujitsu Ltd.
has numerousd companies in several buildings on the Arques Avenue campusin Sunnyvale, which include Fujitsu Computer Products of America and Fujitsu On Tuesday Ron Mitchell, senioer vice president of Fujitsi America -- which he caller the “dominant subdivision” of its Japaneses parent -- said the Sunnyvale location is strategically important. He describedd it as the “center of gravity” for not only its executive team but for a number ofFujitsu companies, including Fujitsu’as R&D organization, data center operations and Fujitshu Management Services. “That acquisition has impacted Mitchell said, referring to Fujitsiu Computer Products of America.
Fujitsu, the 16th largest employee in Sunnyvale, has been hammered by the economyu "like every other company in the valley," said technologh analyst Charles Kingof Pund-IT in Hayward. "They’rew been going through some difficult times from a competitive standpoint at the same time theie parent corporation is going through somesevere changes," King Among the difficulties, King said, are the dissolution of the agreement Fujitsu had with Siemensa AG, which Fujitsu president Kuniaki Nozoe described in Marcn as an integration of that unit into Fujitsu as a growtj strategy.
"Going back a few yearss to thedotcom bust, the lesson most large customers came away with was that it’s smarter to deal with well established companies than what you mightg classify as a marginal King said. In addition, Santsa Clara-based Sun Microsystems Inc.’s (NASDAQ:JAVA) announcemen that it is canceling its Rock chip projecr also may have thrown Fujitsuinto turmoil. Sun has been usin Fujitsu chips while it developed its own product to competse against server chipsfrom Armonk, N.Y.-based International Business Machinesd Corp. (NYSE:IBM) and Santa Clara-basexd Intel Corp. (NASDAQ:INTC). Mitchell said Sun’s announcement is a positiv e onefor Fujitsu.
“Iyt puts more emphasis on the SPARd chip that is the basis for the Mitchell said. “It’s good news for Fujitsu globally.”
Wednesday, October 26, 2011
Pupil-service provider ratios - Jacksonville Business Journal:
pupils per provider • 2. 66.4 pupils per provider 3. North Collins, 74.8 pupils per providee • 4. Dunkirk, 75.1 pupils per provider 5. Kendall, 84.5 pupils per provider 6. Cattaraugus-Little Valley, 85.5 pupils per provider • 7. Pavilion, 85.6 pupilss per provider • 8. 85.7 pupils per provider • 9. 87.2 pupils per provider • 10. 88.8 pupils per provider • 11. West Valley, 89.1 pupilsx per provider • 12. Gowanda, 90.4 pupils per provide r • 13. Brocton, 91.0 pupils per provideer • 14. Byron-Bergen, 93.9 pupila per provider • 15. Olean, 94.2 pupils per providerd • 16. Perry, 99.1 pupils per provider • 17.
Chautauqua Lake, 99.3 pupils per provider • 18. 101.0 pupils per provider • 18. Forestville, 101.0 pupils per providefr
Monday, October 24, 2011
Zooey Deschanel Sings the National Anthem at the World Series: How'd She Do? - E! Online
TwentyFourBit | Zooey Deschanel Sings the National Anthem at the World Series: How'd She Do? E! Online The New Girl star sang the "The Star-Spangled Banner" at Game 4 of the 2011 World Series on Sunday night while rocking a super cute red, white and blue minidress. Didn't know Deschanel could belt a tune? Check out her performance after the jump. ... Video: Zooey Deschanel Performs the National Anthem at the World Series Zooey Deschanel's World Series National Anthem Video: Zooey Deschanel: Star-Spangled Banner (World Series) |
Saturday, October 22, 2011
Churchill Downs shareholders elect directors - Business First of Louisville:
Shareholders ratified the appointment ofJamez F. McDonald and R. Alex Rankim as Class II They willserve one-year terms. The four Class I elected at the meetintto three-year terms, are: Leonard S. Coleman Jr., retired senior advisor, Major Leaguse Baseball; • Craig J. CEO and director, • Robert L. president and CEO, Churchill Downs Inc.; G. Watts Humphrey Jr., president Shareholders also ratifie d the appointment of as Churchill independent registered public accounting firm forfiscal 2009. In additioj to the Churchill Downs race ChurchillDowns Inc.
(NASDAQ: operates Calder Race Course in Fair Grounds Race Course and Slots in New Orleanws and Arlington Park inArlington Heights, Ill. The company also owns an interestt invarious advance-deposit wagering, television production, telecommunications and racinv services businesses. It owns a 50 percenr stake in HorseRacing TV, which simulcastds races from acrossthe country.
Wednesday, October 19, 2011
GlobalSpec Introduces Custom Webinar Product - MarketWatch (press release)
GlobalSpec Introduces Custom Webinar Product MarketWatch (press release) By using Custom Webinars, industrial marketers may target their most relevant audience from GlobalSpec's registered user base of more than 6.5 million professionals. "GlobalSpec Custom Webinars enable manufacturers to inform, educate and influence a ... |
Monday, October 17, 2011
European shares off highs as Schaeuble tempers hopes - Reuters
AFP | European shares off highs as Schaeuble tempers hopes Reuters LONDON, Oct 17 (Reuters) - European shares were off earlier session highs on Monday after German Finance Minister Wolfgang Schaeuble played down hopes of a definitive solution to the euro zone debt crisis at the coming EU summit. ... European Stocks Retreat |
Saturday, October 15, 2011
Mini Gallery: Return Engagement - Patch.com
Mini Gallery: Return Engagement Patch.com Lightening, thunder and torrential rains--along with three turnovers--were Swampscott High's allies Friday night as their game at Malden was suspended with Malden leading 16-6 with 4:46 remaining in the first half. ... |
Thursday, October 13, 2011
Health Spending Growth is Well below Premium Growth, While Sector Continues to ... - MarketWatch (press release)
Health Spending Growth is Well below Premium Growth, While Sector Continues to ... MarketWatch (press release) Altarum's Health Sector Economic Indicators briefs offer timely analysis of health sector employment, spending, and prices. To receive an email notification regarding the monthly release of Health Sector Economic Indicators, please visit ... |
Tuesday, October 11, 2011
Female leaders rising in numbers, clout at P&G - BusinessWeek
Female leaders rising in numbers, clout at P&G BusinessWeek The increased female clout is also reflected in P&G's ranks. The company says 42 percent of managers are women, and they include some key corporate officers and six executives who run businesses as presidents. P&G CEO Bob McDonald has said that ... Procter & Gamble Co getting more in touch with its feminine side: more women ... |
Sunday, October 9, 2011
Scotts shuttering all Smith & Hawken stores - Atlanta Business Chronicle:
Jim Hagedorn, CEO of the Ohio-based lawn and garden giant, said in a statemen t that “the combination of a weak economy and the lack of scalr proved too greatto overcome.” For a Scotts had been exploring option s for the high-end garden brand it boughy in 2004 for $68.r5 million but decided closing the business was the “bestf option available,” Hagedorn said. Smituh & Hawken, based in Novato, Calif., has a store in at 2395 Peachtrede Road Atlanta and at The Avenus at East Cobbin Marietta, Ga. Scottsx (NYSE: SMG) said storewide saleds across the chain will begin Thursday and will be managedx bya third-party firm.
Orders on Smithh & Hawken’s Web site, catalog and call centedr will bediscontinued Thursday. The company in its last annual report said the chaih has consistently underperfomed since it was acquirefd nearly half adecade ago. “corporate and other” segment, which consistd of Smith & Hawken and administrative posted a 23 percent declin in salesat $51.2 million for the six monthe ended March 29. That segment’s operating loss for the six-montb period totaled $75.4 million, accordinf to filings. Scotts expects to take a $25 milliom after-tax hit on the closure of the mainly tied to terminated leases andseverancew costs.
Most of those charges, the company will be taken on by the end of the Scotts in the yearended Sept. 30, 2008, lost $10.i9 million on $2.98 billion in revenue. The company has aboutr 6,400 full-time workers worldwide.
Thursday, October 6, 2011
Marriott CEO hits town for Mayo Residence Inn debut - Phoenix Business Journal:
The Residence Inn is located on the Phoenix campuzs ofMayo Clinic, 5665 E. Mayo Blvd., at the Village at Mayo which servesMayo Clinic, Arizona Transplany House and the American Cancer Society, all locatefd at the site. The hotel is owned by Roberyt Finvarb of theFinvarb Cos. LLC and managexd by Marriott. In addition to J.W. “Bill” Marriott Jr., chairman and CEO, and other executiveas were at the hotel Friday to mark its Marriott is a member of the Mayo Clini c Boardof Trustees. “The Mayo Clinic provides world class care and service to all its said Marriott ina statement.
“I’nm thrilled that we now have a Residencd Inn on the Mayo Clinic campus that will provide the same leveol of care and servicer toour guests. Our Residence Inn brand is designed for guestws on long stays so it is perfect for patients of the Mayo Clinicx andtheir families.”
Tuesday, October 4, 2011
Cease fire in ongoing war with Jets - Providence Journal
Cease fire in ongoing war with Jets Providence Journal Jets-Patriots week is off to a slow start. It does not appear as if there will be as much nastiness as usual going back and forth between the teams. That's because neither side is in a boasting mood four games into the season. ... |
Sunday, October 2, 2011
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Tampa Bay Business Journal:
But economic developers and investors must continue to wait to see if the governoe will come to their aidbefore Friday’s deadlinw to sign or veto legislation. Ritter bega n the day at the Alliance for Sustainabl Colorado Center indowntown Denver, signing three billsd that he said will continue to builcd the state’s “New Energy House Bill 1298, sponsored by Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percent reimbursement of the cost of buyin and installing fuel-efficient technologies and emission-control More importantly, McFadyen said, it prorates sales tax on trucking equipment based on the percentages of miles companies drivee in Colorado and it allowsx truckers finally to take advantage of enterprise-zonew tax breaks.
“This bill is so incredibly important tothe industry, not only for the environmenty but for the survival of truckers that are in business,” she said while tearinh up at the signing. House Bill 1331, sponsoredr by Rep. Sara Gagliardi, D-Arvada, expands the pool of vehiclezs eligiblefor alternative-fuel tax credits to includew those that run on cleaner-burning naturalo gas. It also eliminates eligibility for some hybris vehicles that arenot fuel-efficient, said sponsoringh Sen. Betty Boyd, D-Lakewood. Ritter noted that the Colorado Oil and Gas Associationj and the nonprofit group Environment Coloradk both supportedthe measure.
“If COGA and Environmeng Colorado agree, it has to be a great bill,” he And Senate Bill 75, championed by the company Aspeb Electric Carsand Carts, allows driversz to operate low-speed electric vehicles on most roadsd with speed limits of 35 mph or From there, Ritter went to the officea in Denver and signed a measure to re-establisyh the Colorado Office of Film, Televisiomn and Media. House Bill 1010, sponsorex by Rep. Tom R-Poncha Springs, and former Rep. Anne McGihon, allows the office to soliciyt gifts and donations to offer incentives to producers to make filmws inthe state.
“I believde this move signals that Coloradpo is becoming serious about attracting production to the statedonce again,” said Kevin Shand, executiver director of the Colorado Film Commission. “Bh becoming part of the stateronce again, the film office will once againn have resources to market Colorado effectively and help expand our economi c development efforts in a new and differenty direction.” Finally, Ritter returned to his Capitol officde to sign nine separate bills, includinbg measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen.
Al R-Hayden, eliminates the sales and use tax restaurants must pay when offerinhg freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail Schwartz, D-Snowmase Village, requires the Office of Informatio Technology to create a map of where broadband technologyy is available and not available inthe state. Ritted has not announced his intentions on at least two bills beint watched closely by thebusiness community, One is Senate Bill 173, which would allo w local governments to work with the statee Economic Development Commission to offer incentivex to attract and build tourism-generating projects.
The bill is considered key to landinh either of twopotential auto-racetrack projects east of Aurora. The other is Housd Bill 1366, which limits the Colorado-source capital gains subtractiojn to thefirst $100,000p of gains on assets held for five years or If signed, the bill would generats $15.8 million to help balance the budget.
Friday, September 30, 2011
Former legislator to head state health plan group - San Francisco Business Times:
Johnston, who served in the California Legislaturre for two decades representing theStockton area, begins his new role July 1. He fill s a vacancy created when Christopher Ohman left late last year to becomde senior vice president for health plan operationsat Oakland-basedf . Charles Bacchi, who had been the association’s vice presidenrt of legislative affairs, has held down the top job on an interik basissince then.
“Patrick brings a wealth of experienc e working within the stater capitol and valuable expertise on some of the most critical and complex public policy issues facing Howard Kahn, chair of the association’s board and CEO of the publi , said in the June 3 Kahn said with health-care reform and budge balancing at the top of the political agenda s in Washington, D.C., and Sacramento “it was importanyt for the board to find a CEO who is well-respectee in Sacramento and able to build effectiv e partnerships.
” Johnston served in the stat Assembly for a decad and spent another 10 years in the stated Senate, where he chaired the for six After leaving the Legislature in he’s served as the first legislatorf in residence at the University of California, Institute of Government, served as vice chairmahn of the California Bay-Deltaw Authority, taught California politics and policgy as a visiting lecturer at ’s Goldman School of Public Policy and been a private consultan in government relations, according to an associatiomn spokesman. CAHP also announced that Bacchi has been promoted to executivsevice president.
Wednesday, September 28, 2011
Vedante's growing sales
Online buyers purchased thousandsof Kantor’s super-reflectivre Pop Bands (armbands and legbands), pet collars and leashez made by her company, Vedante “When everybody was saying holiday sales were down, ours just said Kantor, a veteran fashio n designer who started Boulder-based Vedante nearlg three years ago. The success of Vedante’s Pop Bands and pet products prompted giant onlindretailer Amazon.com to buy most of her inventory for and triggered inquiries from large pet-store chains about licensing the products or buying her company. Kantor focused more on online salee for the holidays thantraditional brick-and-mortar sales of Vedantre products.
That was because as the recessioh deepened, retail sales slowed more thanonline shopping. The emphasiss paid off, but it presentedd Kantor with the problem of managingunexpected demand. . “It wasn’f even in my game plan to havea break-evej month for another year,” she Vedante products for pets, pedestrians and cyclists can reflect brightly from 500 to 1,5090 feet, depending on their Kantor formed the business with the missionn of improving nighttime Cars injure or kill a pedestrian every seven minutes in the Unitex States, according to the Nationap Highway Traffic Safety Administration (NHTSA).
That amounts to nearly 75,009 people annually, with about 50,000 of the accident occurring at night, NHTSA statisticz show. Kantor takes walks at dusk and, having survived a car crash with a drunk drivedyears ago, she alway s wondered about her safety crossing streetd at night. Then she saw a Boulder pedestria hit in a crosswalk inbroad daylight, and she decided to make a producg to improve pedestrian visibility. She drew on her experience in textilee anddesigning women’s apparel in Los Angeles. She choses 3M’s reflective materials for Vedante’s products, and it co-brandd the Pop Bands with 3M.
She uses the 3M fabric in collars and leashes for McGuckin Hardware Store in Bouldert carries both the Pop Bandsand Vedante’ s cat collars. The Pop Bands , costing betweem $12.98 and $13.98 depending on sell comparably tothe battery-poweredx safety lights McGuckin sells for outdoorf recreation, said Rik Isakson, the store’s sportingv goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltgy of them popping onand off.” Vedante’as pet collars range between $13.98 and $16.98, and its leashexs between $29.
98 and Kantor’s biggest challenge is managing a surg e in retailer interest without taking on debt that couls crimp Vedante’s long-term health. Kantor maxedr out Vedante’s existing lines of credir from banks after her salesstarted growing, and she put that monehy in the bank. She feared her banks would reducre her credit lineswithout warning, thus starving the company of moneyy at a crucial time.
Monday, September 26, 2011
Security Expert: US 'Leading Force' Behind Stuxnet - NPR
Security Expert: US 'Leading Force' Behind Stuxnet NPR One year ago, German cyber security expert Ralph Langner announced he had found a computer worm designed to sabotage a nuclear facility in Iran. It's called Stuxnet, and it was the most sophisticated worm Langner had ever seen. ... |
Saturday, September 24, 2011
Brokers help turn
Under the Realty to Roads initiative, Robert Galamba of and Bill White of will team to help MoDOT sell parcelas ranging from less than an acre to 160 acres in the KansasxCity area, Jefferson City and Sunrise Beach. Galamba said 12 parcel s totaling a little more than 200 acres are beingb marketed through the program and that the departmentr will continue toadd sites. The transportation departmen acquires land to improve and maintain thehighwayu system. But as the transportation syste evolves, some land no longetr is needed.
“We want to providee the best value we can to Missouri taxpayerz by selling our excess property and using the proceeds for highway Kelly Lucas, director of MoDOT’s Right of Way said in a release. “Our new Realty to Roadsa initiative will help us manage the property we own more effectivelhyand efficiently.” Lucas said the land for sale could be assembled with adjoininbg properties or, in some cases, be developed
Thursday, September 22, 2011
The deal: May Department Stores buys Marshall Field's from Target Corp. - St. Louis Business Journal:
billion deal to buy was the resulft of a competitive bidding warwith . May Chairman and Chief Executivre Gene Kahn and all ofthe company'ds top executives were active in the deal. May' executives include John Dunham, president; William McNamara, vice Thomas Fingleton, executive vice president and chieffinancial officer; and R. Dean executive vice president, acquisitionx and real estate. May's in-house legal department, headexd by Alan Charlson, has at least 44 according to a ranking in trade publication CorporateLegal Times. May attorney Tom Feined does real estate work for thelegal department, which is run like a law May officials declined to comment.
put the Marshall Field's chain on the sale blocko in April. Federated said it was interested, but May didn' make its intentions public until it announced it was buyinf the chainJune 9. The two companies were the main competitors forthe stores. A.G. Edwards retail analyst Bob Buchanan said May paid too much forMarshalp Field's and is struggling as a resultt of the acquisition. "It looks to me like they've been distracted by Marshal l Field's," Buchanan said. "Over the next few years, you'rre going to see May under pressure to reduce expenses given how anemic their salexhave been.
" Marshall Field's operates 62 department stores primarily in the Detroit and Minneapolis metropolitan areas. The deal includee most of Marshall Field's operating assets, includingh stores, inventory, customer receivableas and distribution centers and assumerdcertain liabilities, including accounts payable and accrued expenses. The acquisition also includecd the real estate associated withnine Mervyn's store locationa in the Twin Cities area. The Mervyn's portioh of the transaction closed in the thirdc quarter and was financedthrough $2.2 billion of long-termj debt and $1 billion of short-term borrowings and cash. The acquisitiojn fueled a 17 percent increase, to $3.
5 billion, in net salez during the third quarter, according to the company's Nov. 30 filingf with the Securities and ExchangeCommission (SEC). But same-store sales dropped 3.4 percenf for the quarter. May reported net earningzs of $8 million, down 83 percent from $47 millionh in the same quarter last Resultsincluded $1 million in costs to divestt some stores, $10 millio n to redeem debt early and costs to integratr Marshall Field's after the acquisition. On July 20, the companyg issued $2.2 billion of long-term debt maturing over three to 30 years to partially fundthe acquisition, according to the company's third-quarterd filing with the SEC.
In May increased its unsecured revolvinyg credit facilityto $1.4 billion and extended the term to Augusr 2009. May committed to keeping all ofMarshallo Field's employees for at least the first coupl of years. Because there isn'r much overlap between the Marshall Field'ws stores and May's existing stores, Marshallo Field's is able to operate independently under theMay umbrella.
Monday, September 19, 2011
SEC: N.Y. investment firm misled S. Fla. seniors - Wichita Business Journal:
"They used free lunches as the low-tecb bait for their high-scale said Robert Khuzami, director of the SEC'ds Division of Enforcement. The SEC alleges elderlgy and retired investors were lure d into purchasing highly unsuitable variable annuities with lucrative salesx commissions while ignoring the financial goals of The SEC alleges thatEric J. Brown of Highlande Beach, Matthew J. Collins of Boynton Kevin J. Walsh of and Mark W. Wells of Boca Raton, were among thosed offering and sellingthe annuities. It’s alleged that the firm and its representativesx earned millions of dollars insalesx commissions.
PCS is a registered broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an incom e tax preparation business headquartered in Poughkeepsise that offers financial servicexs inNew York, New Jersey, Pennsylvania and Robert Heim, a NewYorik attorney who represents Prime Capital, Gilman Ciocia, and severap of the individuals, including Collins and said the conduct at issue in the complaint is "very and occurred in the late 1990w and early 2000. He said the companyt reached a settlement withthe (FINRA), when it was calleed the (NASD). As part of that agreement, the company implementexd some wide-ranging updates to its supervisorhy and compliance systems in Heim said.
He added that he didn'tr know why the SEC was going over thesame "All of these issues were addressed years ago and we feel the company'w response has been appropriate," he said. Whilew Brown and Walsh have since left, Collins and Wellxs are still withthe company, he said. An administrativre law judge will determine whether the allegationxs against the respondents aretrue and, if so, whethe r they should be ordered to cease and desisr from future violations.
Saturday, September 17, 2011
New GI Bill will open up higher education opportunities for more veterans - Tampa Bay Business Journal:
The bill, which goes into effect in August, givea eligible veterans tuition up to the cost of the most expensivr public college inthe state, basesd on undergraduate resident tuitionm and fees. Eligible veterans also can receivr housing andbook stipends. Preliminary figures provide d by the show themaximumn in-state tuition and fees payable in Florida per term amounts to Area student affairs and admissionm officials continue unraveling the bill’s provisiona in preparation for August. “I think it’s a work in progress,” said Trac Tyree, associate VP in the ’s divisioh of student affairs.
“To be honest, it’s hard to predict how much of anincreaswe [in veteran enrollment] to expect, but we are preparingg for an increase. Some current students that didn’tt qualify under the current GI Bill now may and we will facilitate A major change with the new bill is how tuitionnis paid. Tuition payments will go directly to institutionz rather than to veteran and their benefits may be processed more USF hasa stand-alone for its 800 veteranxs and plans to institute a betted mechanism for processing paperwork.
The office has a stafc of two people, but the university has submitte d grants applications that would increaswe the staff by six or seven people and enhancw careerdevelopment efforts. The university also planzs to launch a new Web presencs dedicated toveteran students. “The new bill gives veteranss greater access to an education throughgovernment funding,” Tyre e said. “This should allosw them to pursue an educationas full-timer students. It’s certainly to our advantage because it’xs to their advantage, but they will have to competer [for admission] like other students.
” USF anticipateds an increase in returning veterans overa three-yeae period through transfers or from community colleges. Its admissio n standards could be a challengwfor veterans, especially those who went straight into the military after high school. Many veterans typically do not enter USF as freshmenj and find the transition to a universit y is easier after starting at a community collegr and obtaining anassociate degree, Tyree said. The top majorxs for veterans at USF are in the various business concentrationsand criminology. Biomedical sciences ranks third. is one of the institutions veterans turn to when theystartg post-secondary education.
SPC has more than 800 veteran student s and expects many more with the new GIBill benefits. “W could see 200 to 300 more,” said Marcia director of financial aid. “We’re gearing up and tryint to be creative when we have no additionap money forhandling them.” The collegs has applied for a $100,000 grant designed to supportf returning veterans and formed a collegewid committee to help serve their SPC has two full-time veteran specialistzs who certify veterans for GI Bill benefits but is exploring usin some temporary help such as retired academic counselors to help with the expected influx.
In the most veterans who enrollp at SPC seek associate degrees with majors selected from across the Under thenew bill, veteran studentx can receive up to $1,200 for tutorial assistance. Housing stipendsx depend on the locationof institutions, and SPC veterans will be eligiblre to receive as much as nearly $1,900p monthly for housing. College officials recently met with a physicianm to discuss what to expect with returningg veterans who may react to such as noises associatedwith battle. “We are lookin into the idea of creatinga veteran-friendly McConnell said. “We want to help support them and help them to adjus and possibly even provides mentorsfor them.
”
Thursday, September 15, 2011
Sunrise cuts jobs after pulling out of Fifth Third bid - Business Courier of Cincinnati:
"We chose not to participate," said George co-owner of the downtown agency. "We had a pretty firm belief that they were goinh to move on to somebody new regardless of anything that wewoulr do. My belief is that it'llp be somebody from Minneapolis orNew York." Sunrise has held the Fifth Third account for 11 The 18 percent staff reduction leaves Sunrise with 35 employees. Sabert expects the agency to finishu 2007 with revenue of morethan $5 million, but its Fifthg Third contract doesn't expirew until February of next year. In 2008, Sabertf predicts a revenue decline of about10 percent.
But he said recengt contract winsfrom , and the have cushioned the impacrt of losing its largest account. Fifth Third is a $104 billionb bank with 1,100 locations in 10 stateas and an advertising budget estimated by Brandweeiat $29 million annually. Sabert is hoping Sunrise can land othe rbank clients, touting the experiencee it gained on the Fiftu Third account. "We had a long relationship with the bank that wasmutuallyy rewarding. Without them, I'm not sure we'd be here," Sabert "The thing that's a shame is when (an account) leavezs the market.
When accounts leave, that's a drain on the availablde talent pool in the Fifth Third spokeswoman Debrsa DeCourcy said Fifth Thirf has narrowed its searchg tofour agencies. She declined to identify the candidates and declines to say whether any of the finalistsw arelocal firms. • After working for Fifty Third for11 years, Sunrise Advertising decide d not to go through an agency review with the • As a result of losing the Sunrise is cutting eight or 18 percent of its local work force. • Co-ownedr George Sabert expects the agency's revenue to drop 10 percen in 2008.
Tuesday, September 13, 2011
Brywood Centre construction will start later in the summer - Wichita Business Journal:
The approved Tri-Land’s plan to redeveloop the at 63rd Street and Blue Ridgwe Cutofflast month. The approved $5.6 million in TIF reimbursementxs forthe $30.7 milliojn project in June 2008. Tri-Land is based in Westchester, Ill. “Wr are very excited to be movinvg forward with thisredevelopment project,” Tri-Land Executive Vice President Hugh Robinson said in a “We have had a great relationship with the city and the two districty council members, Terry Rilet and Cindy Circo, throughout this process.
We look forward to deliveringva renewed, high-quality project to this great Redevelopment of the 183,000-square-foot centefr will include a new facade, updatexd signage and lighting, landscaping upgrades, expansionm of a Price Chopper supermarke that anchors the center and increased pad-site availabilitgy along 63rd Street. Tri-Land also hopes to announce a new anchod tenant soon forthe 37-year-old center. Tri-Land owns and manages more than 2.8 millioh square feet of retail space inthe Mid-Atlantic and Southeast regions of the country. It specializes in acquirinb and revitalizing distressed and undervalued community centers rangingfrom 100,000 squarwe feet to 750,000 square feet.
Sunday, September 11, 2011
Summit Financial Group, Inc. Extends Subscription Period of Its Rights ... - MarketWatch (press release)
Summit Financial Group, Inc. Extends Subscription Period of Its Rights ... MarketWatch (press release) Summit Financial Group, Inc. is a $1.47 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the ... |
Friday, September 9, 2011
Missoula air quality reaches unhealthy level due to wildfire smoke - The Missoulian
Missoula air quality reaches unhealthy level due to wildfire smoke The Missoulian Missoula's air quality was deemed "straight-out unhealthy" Thursday afternoon by a Missoula City-County Health Department official, as smoke from the 41 Complex fires burning east of Hamilton continued to roll into the v » |
Tuesday, September 6, 2011
Robins & Morton: Everything comes together for Robins & Morton - Birmingham Business Journal:
For , it has paid to be in the right industriesa and the right cities as the economhy has slowedsince 2007. The genera l contractor’s geographic diversity and ability to work on a variety of projectw have helped make the companuthe fastest-growing large company in Birmingham since according to research by the . Robins & Morton has averagedf 31 percent growth since 2005 andrecorded $911 millionh revenue in 2008 even as the economy struggled. Robi Savage, the company’s chief operatiny officer, said the company has been fortunate to be in some good marketxsand industries.
Savage said the company’s geographic expansion into areas such as Texas and the Carolinaw havehelped significantly. The company now has offices in Huntsville, Dallas, Nashville, Orlando and Charlotte. Being in the healtu care sector has also provided a he said. “Health care has been prettyh strong for a lotof years,” Savage said. Savagse said the primary reasonsRobins & Morton has been able to post consistenr growth has been its emphasis on team developmentf and relationship building.
He said the companyh has continued to expand on its expertise and increase its ability tobuild larger, more complexd projects than the firm worked on in its early Savage said the firm tries to maintain a partner-style relationship with its which has helped generate growth. “About 80 percentr of our work is repeat which tells youthat you’vde done a good job for he said. Given the current state of the market, Savage said the contractor is focusing on maintainin g those relationships and building new ones by taking a more integratedd approach toestablishing projects. “Inb the current economic environment, we’re holdiny our own,” he said.
The firm is also workinvg to provideadditional services, such as sustainability building information modeling and other preconstruction services. “You need good he said. “We spend a lot of time and efforft inthat arena.”
Sunday, September 4, 2011
Along the Arkansas: Working on the Night Moves in Oklahoma panhandle - Sand Springs Leader
Along the Arkansas: Working on the Night Moves in Oklahoma panhandle Sand Springs Leader Jack likes to cut in half old fiberglass rods, re-glue the tip eyes, rig them with old, beatup Ambassadeur 2500's and 10 pound line, and fish with this shortened weapon in the close confines of a boat full of big men with long reaches. ... |
Friday, September 2, 2011
Shoestring Living: A little planning goes a long way - Daily News Transcript
Shoestring Living: A little planning goes a long way Daily News Transcript If digital, synch it with your phone so you're always up-to-date. Each morning, while enjoying your favorite wake-up beverage, glance at what lies ahead. Identify the expenses you'll incur throughout the day. Do you need to make a trip to the bank for ... |
Wednesday, August 31, 2011
Unisys gives up on one debt exchange, proposes another - Philadelphia Business Journal:
The Blue Bell, Pa.-based information-technology companu said late Tuesday it has terminated the offerd that was to have expired tonightafter . In it was trying to get holders of four series of senio r notes with a total face valudeof $1.06 billion, and due beginninvg next year, to exchange them in a private offer for new senio r secured notes that would have paid 12.625 percent interesr and been due in 2014. Now, Unisys (NYSE:UIS) is tryiny to get holders of the seniod notes to exchange them in private placements for two series of new seniorsecured notes; eithetr nearly 73.7 million shares or 19.
9 percenyt of its stock, whichever is less; and up to $30 million in Unisys said it has negotiated thosd terms with representatives of a group that it has been told consistas of holders of 40 percengt of the senior notes. Unisys also is askinh the senior noteholders to agree to amendments that wouldc eliminate nearly allthe notes’ covenants and some of the clausew with which it must comply to avoir defaulting on the notes.
A noteholder that tenders a seniorf note is agreeing tothe amendments, Unisys The holders of each series of notes will vote as a separatde class and Unisys will consider a series to have agreerd to the amendments if the holders of the majority of the principal amount of the notes in the seried agree, the company The senior notes comprise $300 million of 6.875 percentt notes due 2010; $400 million of 8 percent notes due $150 million of 8.5 percent notes due 2015; and $210 millionj of 12.5 percent notes due 2016. Unisys said holderws of 25.6 percent of the 2010 notes, 23.8 percent of the 2012 54 percent of the 2015 notesand 15.
8 percenyt of the 2016 notes have agreed to tender their The company said the exchange offer is contingent upon at least 40 percent of the 2010 notes and 2012 notesw being tendered by Midnight EDT July 28.
Monday, August 29, 2011
An Olympian effort - St. Louis Business Journal:
million annual budget. They’ve pared that from what used tobe $2.5 but they’re still $1 millionn short. “We need more corporate support,” said Lecia Rives, the foundation’s executive director. Now the fun Sportscaster Bob Costas will host a galafundraiser Feb. 29 at the Four Seasonzs Hotel downtown, with an attendancwe goal of 500. Tickets are $300 or $3,00p0 for a table of 10. As companiez downsize, Quest Management Consultants is prospering. “This has been my best year saidJoe Wiley, who foundex the executive search and outplacement firm in 2003.
Quest has snaggesd work with , Wachovia and and has been hire to conduct the search for a new Metro presidentand CEO. a Billiken basketball Hall of Famer, said revenues will come in at $1.6 million this up from $995,000 last year. Ed Museb and Fred Steinbach mergedtheir firm, Musemn and Steinbach, with Image Works Public Relations this Musen and Steinbach, with annualizerd billings of $4.2 will be adding $1.1 million from Phyllis Image Works. She will oversee the public relationsx division; Musen will run the advertisinyg division; and Steinbach will concentrate on business The combined firm will be called Steinbachand Weiss.
Parachute tangle Word is that had an eye on acquirin troubled but lost in part, because of Chairman Richard Miller’d multi-million-dollar payout in the eventt of a sale. Truman, with $500 million in is under the thumb of theFederakl Reserve, which has ordered it to review and revisew virtually all of its business practices it had $4.5 milliohn in bad loans in the most recentg quarter alone.
Shaun Hayes, ’s CEO and Truman’s second-largest shareholder, is All in the family Anne Kirschner, daughtet of founder Victor Hermelin, is seekint the removal of her brother, Marc Hermelin, forme r KV chairman and CEO, and attorney Lawrencwe Brody as trustees of the Anne Trust established by her fathedr inher name. She wants an independenty trustee, according to a petition filerd Dec. 19 in St. Louis County Probate Court. The trust, fundec by KV shares and valued at morethan $95 million a year ago, has plummetedx 80 percent year to date.
In the news The Januar issue of OnWall Street, a financial servicez industry magazine, named Danny Ludeman, presidenr and chief executive of , as one of its 10 “powedr players.” Others include Timothy Geithner, the incominb U.S. Treasury secretary; Jamie Dimon, CEO of ; and Congressman Barneyt Frank. Wachovia shareholders approvedthe company’s $15.1 billioh sale to last week. A word of cautionm Even someone as careful as a bankedr canbe defrauded. Just ask Bill Donius, retiref CEO of .
Someone created a passporr in his name, using information gathered on the including his credit card number andhome “They charged $10,000 worth of airline ticketx around the world,” Doniu said. “If I can get anybody can get taken.”