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
fugycyquwod.blogspot.com
Wednesday, December 28, 2011
Streamlined Vehicle Impound Collections - CBS 47
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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
viningocouqyl1601.blogspot.com
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:
uqyvemiwu.wordpress.com
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.
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:
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“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
“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:
axilecyqih.wordpress.com
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
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:
burdukovahycel.blogspot.com
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.
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
xoqylyjibo.wordpress.com
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:
onesawava.wordpress.com
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.
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:
axilecyqih.wordpress.com
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.”
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:
mozybyd.wordpress.com
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.
”
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:
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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.
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:
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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.
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:
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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.
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.
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