Sunday, April 29, 2012
First tenants at Grandview Yard unveiled - Triangle Business Journal:
Plans filed with the city July 7 show developer Nationwide RealttInvestors Ltd. wants to build the firsft $40 million worth of projectws as it continues planning forthe broader, $500 millionb to $600 million redevelopment on 90 acres in the suburb’ws industrial core. The city’s planning commission will consider the HyattPlacwe hotel, Urban Active fitness center and a plannedc Jason’s Deli in the office building as conditional The preliminary and final development plan must go througb the commission as well as Grandview Heights City Council.
Dublin-based M&A Architects, the designer of the three-story office building, plans to occupyg at least 20,000 square feet on the top The plans mark the first projectzs presented to the city for approval sincw Nationwide Realty first bega n acquiring the former Big Bear Stores Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandview Heights City Council at its July 6 meetinbg heard a first reading of a developmenrt agreement between the city andNationwide Realty.
The resolutiobn outlines how the city will payfor $78 milliohn in road improvements and utilities insidd Grandview Yard and another $41 million in off-sitw public improvements. Other legislation in support of the developmenrt agreement is expected to be introduced as early as a speciaol July 13council meeting. Constructionh on the three buildings and the first phase of road and utilitu projects could begin as early aslate August. The hotel and fitness center should open infall 2010, said Nationwide Realty President Brian Ellis. “We shoul be pretty well positioned to get the project he said.
The city’s mayor welcomed the sign of progressd despite the tougheconomic “Getting something out of the ground,” Mayo r Ray DeGraw said, “will attract attention and more people.”
Friday, April 27, 2012
Money Market Indicators Signals Banking Sector Stress Stable - Bloomberg
Money Market Indicators Signals Banking Sector Stress Stable Bloomberg The Libor-OIS spread, a gauge of banks reluctance to lend, was 32.4 basis points from 32.7 basis points yesterday. The gap was as high as 51 basis points this year on Jan. 6. Overnight index swaps, or OIS, give traders predictions on where the Fed's ... |
Wednesday, April 25, 2012
3D@Home Releases New Technology Features To Interactive 3D Eco-System Tool Set - MarketWatch (press release)
3D@Home Releases New Technology Features To Interactive 3D Eco-System Tool Set MarketWatch (press release) SAN JOSE, Calif., April 25, 2012 /PRNewswire via COMTEX/ -- 3D@Home Consortium today announces the public availability of the 3D Eco-System Metadata Chart and 3D Technology Matrix as content-rich additions to the 3D Eco-System Diagram, a Flash®-based, ... |
Monday, April 23, 2012
GM Tonawanda hosting recycling event - Triangle Business Journal:
The one-day event June 6 from 9 a.m. to 1 p.m. at Planft 5 on Vulcan Street, is co-sponsored by Erie Buffalo and the Northwest Solid Waste Management Last year’s event received 56,325 poundz of electronic equipment, 247 bicycles and a truck full of clothing. Electronics equipment is a source ofrecycleds lead, steel, plastic, copper and glass. Items beintg accepted this year include: TVs, monitors, keyboards, printers, fluorescent bulbs, cell rechargeable batteries, VCRs, and DVD clothing, textiles, and bicycles. Clothingb and textiles will be reusex at Goodwill retail locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycldeand Recycle-a-Bicycle programs. New for this Buffalo ReUse will accept used or new shop and garden suchas rakes, brooms, ladders, hammers and saws. “This is a natural extensiojn of what we doat work,” Plant Manage r Steve Finch said in a “Our plant has been landfill-free in manufacturingy since 2006. We recycle or reuse all of our so this event to help the community recyclee is a natural fit for us at General he said.
Sunday, April 22, 2012
Jobs: 'Don't get carried away by falling unemployment' - Bucks Herald
Bucks Herald | Jobs: 'Don't get carried away by falling unemployment' Bucks Herald Dr John Philpott, chief economic adviser at the Chartered Institute of Personnel and Development (CIPD), said the labour market didn't just stabilise at the turn of the year it grew, albeit very slightly. However, although Dr Philpott said the news ... |
Friday, April 20, 2012
3Com withdraws federal application for buyout, merger - Silicon Valley / San Jose Business Journal:
Marlborough, Mass.-based 3Com (Nasdaq: had approved the merger in September that the companty woud be acquired by afilliates of Bain Capitalkfor $2.2 billion in cash. The merger woulcd have given , a Chinese technology company, a minorityu stake in the company. The thred firms had voluntarily filed with the Committe e on Foreign Investment in the United Stated toget approval, but talks stalled over the potential influence of Huawei's on the company. "We are very disappointed that we were unablre to reach a mitigation agreement with CFIUS forthis transaction," said Edgar Masri, president and CEO of 3Com.
"While we work closelhy with Bain Capital Partners and Huaweu to construct alternatives that wouldaddress concerns, we will continue to execut e our strategy to build a global networkin g leader."
Wednesday, April 18, 2012
Esterline Q2 earnings rise,
million, or 85 cents per share, which compares with $23.9o million, or 80 cents per diluted sharwe ayear earlier. Sales rose slightly to $359.5 milliojn from $358 million in 2008. The Bellevuw aerospace company reduced its fiscal 2009 earnings per sharde guidance tobetween $3 and $3.20 per share, citing customers reducing their inventory levels, “which is a clear change from just threer months ago,” officials said. In a statement, CEO Rober t Cremin cited “potential timing issues with foreig shipments ofcountermeasure flares, decliningf business jet and spare parts and the overall economic slowdown” for additional reasonx to reduce fiscal year guidance.
Analysts polle by Thomson Reuters First Callexpected second-quarter earnings of 96 cents per share and sales of $371 million. For fiscalp 2009, they expect earnings of $3.66 per share. Shares in Esterlinse (NYSE: ESL) fell more than 6 percent in Fridauy trading, dropping $1.90 to closs at $27.34.
Monday, April 16, 2012
Sterling Bank hit with regulatory action - Austin Business Journal:
The written agreement with the and the was signe d June 5 and announced Wednesday on the regulatory Web With $420.9 million in assetds as of March 31, Sterling Bank is the fifth-largest bank baseds in Palm Beach County. While it remained well capitalizefd at the end of thefirst quarter, after raising $800,000 from its shareholders, its noncurrent loan ratio grew to 6.4 Sterling Bank lost nearly $2 million in the firsft quarter. That followed a $9.9 milliomn loss in 2008.
Sterling Bank’s board and management must improve controlo over operations such as credit risk credit administration, investing and earnings, according to the regulatory The bank also was ordered to revieaw its management structure and staff and determined whether it should make changes. In a provisiomn that could have a big effect onthe bank’s troubled borrowers, Sterlinbg Bank was ordered not to extend or renew credit to a borrower who is past due or otherwisw not likely to repay the loan unless the bank gets boarx approval.
Most of Sterling Bank’s loans are in constructiom and commercial real Sterling Bank must submit a plan to maintain its capitaol ratios abovethe well-capitalized requirementw and properly reserve for future lossesx on noncurrent loans. In it can’t pay dividends to shareholders or make executive managemenft changes without first clearing itwith regulators. Sterlingb Bank President and CEO David Albright did not immediately returnh a callseeking However, in a letter to customers on his bank’ Web site, Albright said it was well capitalizef on May 31 and is committedr to remaining well capitalized.
“Our business plan recognizesz the potential need for more capitalk if thingsbeyond management’s control lead to the need for additionall reserves against potential loans,” Albright wrote to shareholders.
Saturday, April 14, 2012
Termini acquires AM&A's warehouse - Portland Business Journal:
According to public documents filed late Thursday in the ErieCountyu Clerk’s Office, Termini’s H@Lofts LLC paid $720,00p for the historic The building had been owned by New Horizons Acquisitiona LLC, a Long Island-based development firm. Terminij is in the early stages of renovatinfg theformer warehouse, parts of whicnh date back to the late 1800s, into a mixed-use developmenyt anchored by 47 market-rate apartments and 15,00o0 square feet of office space. P&h Acquisitions will occupy theoffice space, while Termini said he is compilinvg a rapidly growing list of prospectivse tenants for the apartments. Terminki will be investing morethan $11 millionm in the project.
The building, whic is being called the H@Lofts, is expected to welcome its first residential tenantsnext spring. In the Termini is talking with local and state officials abour incentive packages needed before he can acquire theflagshipl AM&A's department store building on Main Street from New Termini predicted the cost of renovating the building betweenn $80 million and $100 million. He said it would only be possible with a heavhy influx of public sector dollars and The developer said it may take him more than one perhaps as long as18 months, to secure all the necessaryy public-sector dollars he needs for the AM&A's department store The former store, which has been closedx since 1995 -- save for a brief run as Taylor’s Department Store -- will likely be used as a mixed-usd development project, also anchored by residentiapl units.
Friday, April 13, 2012
Tourism office unveils new slogan - The Union Leader
Kennebec Journal | Tourism office unveils new slogan The Union Leader MANCHESTER â" After months of searching for the perfect slogan to summarize the New Hampshire experience, the Division of Travel and Tourism has focused on the state's independent spirit. New Hampshire's new brand campaign aimed at potential visitors ... Mount ain peaks, water make up NH brand identity |
Wednesday, April 11, 2012
Survey: Home, long-term care costs rise in Va. - BusinessWeek
Providence Business News | Survey: Home, long-term care costs rise in Va. BusinessWeek A Genworth Financial survey released Tuesday shows the hourly rate for home health care is $18 in Virginia, an increase of about 2 percent a year over the past five years. Nation » |
Monday, April 9, 2012
Austin only major city to add jobs in last year - Business First of Buffalo:
The region added about 3,400 jobs between Aprikl 2008 and April making it the only one ofthe nation's 38 largest citiess to post a job gain, new data from the Bureayu of Labor Statistics shows. This is the third consecutivse month that Austin has outperformed all of theother U.S. citiesd with labor forces of 750,000 or The unemployment rate for April stoodat 5.8 percent. The 0.4 percentt increase in job totalsis modest, but still a bettere showing than cities such as Portlane (down 4.7 percent) and Raleigh, N.C. (down 3.
3 Jobs in goods producing industriesw in the Austin area dropped by 500 jobsin April, a slowdowbn from the rapid pace of recenf losses, according to an analysis of the data from the Capitao Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sector employment is back toits all-timee high last seen in October 2008. But anotherf key sector for the region, isn't doing quite as well. Computer, semiconductor and othet electronic component manufacturing is still Jobs in the semiconductor segment fellto 15,70p0 jobs, back to spring 2006 totals. As Texas citiee go, Austin's 5.
8 percent unemployment rate was one ofthe healthiest. Dallas-Forft Worth stood at 6.6 percent in April and Houstonat 6.3 Only San Antonio's rate was lower than Austin's at 5.4 Smaller metro areas including Brownsville and Beaumount all had rates above 8
Saturday, April 7, 2012
'The Proposal' wins at weekend box office - Boston Business Journal:
The movie starring Sandra Bullock and Ryan Reynolds brought in anestimatedf $34,114,000 in its opening weekend. It knocked off the reigningf champion, ' "The which brought in an estimated $26,855,000 durinvg the weekend. "The Proposal" was showjn on about 4,100 screens at 3,056 according to a report on the Disney/ 's "Up" continued its strong showing, cominhg in third over the weekend with an estimated The animated film is currently in seconcd placebehind Paramount's "Star Trek," for second-largest movie of the Another new release, ' "Yeaf One," brought in an estimated $20,200,000 in its firsf weekend, placing it fourth on the list.
Anothe Sony Pictures release, "The Taking of Pelham 1 2 rounded out the top bringing in anestimated $11,300,000.
Thursday, April 5, 2012
D.C. plans to buy Boys & Girls Clubs - Washington Business Journal:
“A number of council members have been concernedd about the clubs and their continued abilityy toprovide much-needed recreational, educational and other services to our childrenm in different parts of the city,” said D.C. Councik Chairman Vincent Gray, who was joinedr by 10 council membersat Wednesday’sx press conference announcing the purchase. we came together over the past two to threee weeks to try to reach an agreement with BGCGW that would takea broad, citywidd approach to ensuring their operation.” The clubs and buildings that coulf soon get a government owner are the Franl R. Jelleff Branch at 3265 S St. NW; the Mary Daniel Loughran Clubhouse No.
10 at 2500 14th St. NW; and the Easterb Branch at 26117th St. SE, which has been closed sinced August 2007. Council members will introduce legislatiob to the council to authorizse the mayor to buy thethres clubs. The $20 million price tag would consist of capital dollars over five yearas beginningin 2010. Boys & Girlz Clubs says it anticipates the sale to be completeed before the calendar yearis up. The news comesa two months afterthe 121-year-old Silvedr Spring-based organization, which has a $7 million deficit, said it wouldd shutter four under-utilized clubs and cut 10 percentf of its full-time staff. One of those clubsx on the list isFrank R.
Jellefg Branch — the organization’s oldest runninhg club — which was slated to closer at the end of With the latest newsof D.C.’ s proposed purchase, Jelleff operations will continue with a summe camp and the Boys & Girlas Clubs believes programming at the site will continu until the sale closes. “Thiss has been a long road and a lot of peoplde have worked very hard to get to this We are thrilled to see the culminationn ofhard work,” said BGCGW spokeswoman Molly Boyle. “Jelleff and Easter n were on the market and were obviouszchoices [for D.C.]. We had announced severall years ago we were looking at option s forClubhouse No. 10.
” Once a transition has been made, a new governinhg body will be created, with governmental and communityu representatives that stand apart from theBoys & Girle Clubs. Gray said a competitive bid processa will take place for providing services tothe city-ownef clubs, which could be BGCGW. The council’s plan would also providde money to the Hopkins Branch at 100012th St. SE, whichj was slated to close at the endof June, so that it can stay The BGCGW is stil l looking to move the cramped Hopkins club to anotherf site since it is currently so and the D.C.
Housing Authority is now looking to provide the club with a larger The plan would also provide funds tomove BGCGW’se headquarters from Silver Spring back to D.C. at its current club on BenninbRoad — a plan BGCGW has been pursuinv for a while. The club’s D.C. regionalk services center currently runs out of thatNortheasft site.
Wednesday, April 4, 2012
St. Louis region lost 2,000 jobs in mass layoffs so far in 2009 - St. Louis Business Journal:
One of the most recent of thosecuts — 163 jobs at in Marylaned Heights — came last month and was reported to Missouri Departmenyt of Economic Development officials March 4. an arm of Tenet Health Care ConiferHealth Solutions, a medical billinvg business — said it planz to eliminate 63 jobs at the local unit in Northwesgt Plaza by April 13. That cut does not impactg Tenet’s Saint Louis University and DesPered hospitals, said David Matthews, a spokesman for Dallas-based Tenet.
Of jobs eliminatedr on the Missouri side of the metrp area in thenew 1,880 came from mass layoffs, based on data filed with the Missourk Department of Economic Development by companiew required to give so-called WARN notices. That does not include otherd companies eliminating jobs with employee buyouts, such as , which had 208 employeess over age 53 take a company buyout in the last month, and , whicu announced a layoff in February that took the company beloww 600 employees. Illinois-area businessews that filed WARN notices this yearinclude Manheim’se Gateway Auto in Granite which closed Feb. 24, impacting 95 and in Alton, which filed a WARN notice Jan.
5 that it was closiny and laying off50 people, effectivew March 6. The St. Louis regio n lost a total of 19,80 jobs in 2008, according to data from the . The WARN law Workers Adjustment and Retraining NotificationAct — requirew companies to give 60 calendarf days notice in advance of plant closingx when there will be a loss of more than 50 employeed at an employment site or a loss of 500 or more The law does not apply to businesses with fewef than 100 people, and there are exceptionw for companies suffering from unforeseeable business Anderson Services, part of a magazine and book wholesaled business based in Knoxville, Tenn.
, faced such unforeseeablse business circumstances when it laid off its stafff here between Feb. 11-25, said John Fougere, a spokesmahn for the Missouri Department ofEconomic Development. Anderson’s WARN noticre said the company was forced to close when it failed to secure commitment from itssole customers, publishers of books and magazines. “It’s a great tragedy that’sa happened,” said Lloyd Whitaker, whosre NewLeaf Corp. of Atlanta is liquidating Anderson Services.
In total 6,000 jobs nationallty at Anderson Services/Prologix and a sistetr company, Anderson News, were eliminatedx when its magazine and book suppliers bannedr together and quitsupplying Anderson, he said. The dispute starteds when Anderson sought a surcharge todistributew publishers’ products; the publisher responded in February by withholding all theire products, forcing Anderson to close, Whitaker said. Anderson has filed an antitrust suit against the publishers in federa court in NewYork City. Last Tenet announced its plans to consolidater its medical billing and patient communication business at a new ConiferHealth Solutions. Matthews said work in St.
Louies would be consolidated to one of eighr other sites around the and Tenet was working to find jobs in its systek for those whose jobs are being The current economy is pulling down revenue atMarit Inc., said company spokeswoman Beth Rusert. Maritz, based just outside Fenton, is one of the region’s larges t private companies and reported revenueof $1.45 billion last But in the company’s last quarter, its incentiv e and meeting business was down 20 percen compared to a year ago, Rusert said, and two of Maritz’a largest industry group customers are in the financiap industry and the auto industry, both hard hit in the currengt economy.
That prompted the company to seekvoluntarh buyouts, and the company likely will make additional cuts in the cominb months, she said. Maritz currently has 2,200 local employees and 3,900 down from last year’s report of 2,559 local employees. Lee Holmes, manager of humah resources for Maplewood-based Sunnen, another of the region’s largesf private companies, said the current economyu prompted company management to lay off employeeslast month.
Monday, April 2, 2012
Forêts : les oubliées du Sommet Rio+20 ? - Agence Science-Presse
Forêts : les oubliées du Sommet Rio+20 ? Agence Science-Presse L'Union internationale des instituts de recherche forestière (IUFRO) s'en est plaint auprès du Conseil international de la science (ICSU). Les forêts ne sont mentionnées que dans le contexte de la conservation de la biodiversité, ce qui n'inclut pas ... |