New York Daily News | Brian Banks to get tryout with Seahawks, Redskins, Chiefs, Dolphins New York Daily News More than 10 years after being robbed of his college footb » |
Thursday, May 31, 2012
Brian Banks to get tryout with Seahawks, Redskins, Chiefs, Dolphins - New York Daily News
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Tuesday, May 29, 2012
Doris Betts and Reynolds Price: Filling the empty space - Richmond County Daily Journal
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Doris Betts and Reynolds Price: Filling the empty space Richmond County Daily Journal by DG Martin The question came up again with the death of Doris Betts, the beloved teacher and writer, a few weeks ago, reminding us that we have still not gotten used to a North Carolina without Reynolds Price although he died more than a year ago. |
Monday, May 28, 2012
American Airlines' traffic declines - Houston Business Journal:
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Both airlines are subsidiaries ofFort Worth-based AMR). American Eagle alone saw its May traffictumblwe 14.3 percent compared to the same period last year, whilew capacity fell 14.5 percent. The regional airlinw flew 622.9 million revenue passenger milesin May, down from 726 milliobn revenue passenger miles in May 2008. American Eagle boarded 1.5 milliohn passengers in May; its load factof — a measure of the percentage of a plane fillede with payingcustomers — of 73.3 percen t remained consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percent in May, whilse its capacity dropped 8.8 percen t compared to the previous year. Duriny the month of May, 7.
2 million passengerxs boarded American aircraft, and the airlinew flew 10.3 billion revenue passenger miles, down from 11.7 billion revenuwe passenger miles ayear earlier. American’s load facto r fell to 79.2 percent, down from 81.7 percent a year earlier.
Both airlines are subsidiaries ofFort Worth-based AMR). American Eagle alone saw its May traffictumblwe 14.3 percent compared to the same period last year, whilew capacity fell 14.5 percent. The regional airlinw flew 622.9 million revenue passenger milesin May, down from 726 milliobn revenue passenger miles in May 2008. American Eagle boarded 1.5 milliohn passengers in May; its load factof — a measure of the percentage of a plane fillede with payingcustomers — of 73.3 percen t remained consistent with May of last American Airlines Inc. saw its traffic fall 11.7 percent in May, whilse its capacity dropped 8.8 percen t compared to the previous year. Duriny the month of May, 7.
2 million passengerxs boarded American aircraft, and the airlinew flew 10.3 billion revenue passenger miles, down from 11.7 billion revenuwe passenger miles ayear earlier. American’s load facto r fell to 79.2 percent, down from 81.7 percent a year earlier.
Saturday, May 26, 2012
Alaska Airlines pilots OK new contract - Puget Sound Business Journal (Seattle):
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According to the , which represents Alaska’se 1,455 pilots, of the 95 percent of those pilots who 84 percent voted in favor ofthe deal. The new contracy includes retirement options for currenyt pilots and will also closthe company’s pension plan to new hires, “reducin retirement funding risk,” according to the union. New pilots will participate ina 401(k) plan instead. Pilots will receive a one-time bonua following ratification of the contract that Alaska Air expectse will cost the airline a totalof $20 million. And the airlins said the new contract “providesd for better productivityand flexibility.
” “For there are changes to reserve flying provisions that allow for improvefd scheduling efficiency, language that allows for pilots to fly more than the currenrt 85-hour monthly limit for pay, and exceptions that alloe us to suspend certain restrictions in irreguladr operations,” Alaska Air Group officials said in an SEC The pilots and (NYSE: ALK) of Seattle agreedr to a tentative deal last Alaska Airlines flew 34.8 percent of all flightsz last year at Seattle-Tacoma International Airport.
According to the , which represents Alaska’se 1,455 pilots, of the 95 percent of those pilots who 84 percent voted in favor ofthe deal. The new contracy includes retirement options for currenyt pilots and will also closthe company’s pension plan to new hires, “reducin retirement funding risk,” according to the union. New pilots will participate ina 401(k) plan instead. Pilots will receive a one-time bonua following ratification of the contract that Alaska Air expectse will cost the airline a totalof $20 million. And the airlins said the new contract “providesd for better productivityand flexibility.
” “For there are changes to reserve flying provisions that allow for improvefd scheduling efficiency, language that allows for pilots to fly more than the currenrt 85-hour monthly limit for pay, and exceptions that alloe us to suspend certain restrictions in irreguladr operations,” Alaska Air Group officials said in an SEC The pilots and (NYSE: ALK) of Seattle agreedr to a tentative deal last Alaska Airlines flew 34.8 percent of all flightsz last year at Seattle-Tacoma International Airport.
Friday, May 25, 2012
Associated Banc-Corp swings to loss - The Business Journal of Milwaukee:
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million net loss. Green Bay-basedx Associated (NASDAQ: ASBC) said the net was 19 cente per common share after includinga $7.3 million dividen to preferred shareholders. That compared with net income of $47.4 million, or 37 cente a share, for the second quarter of 2008. The per-shar loss was less than analyst predictionzs of24 cents, according to Thomson Firs Call. Associated Banc-Corp executives had warned on June 29 that they expectex to recorda higher-than-anticipated provisiohn for loan losses of between $145 million and $160 millioh for the second quarter that woul lead to a net The bank also said at the time that second quarterr net charge-offs would be between $60 milliob and $70 million.
The final figure was $63.4 million, the bank said Thursday. The provision for loan losses of $155 compared with $59 million for the same periosd oneyear ago. Net charge offs for the quartedwere $61.1 million, compared with $37 million for the seconf quarter of 2008. Nonperformingg loans were $733.4 million as of June 30, comparee with $452.2 million on Marchn 31 and about $288 million a year ago. The higher provision for loan losses was primarilty due to further deterioration of existing construction and commerciall real estate credits and declininhg commercial real estate collateral Associatedexecutives said.
“The higher than anticipateds provision is a result of the continued weakness in the economh and related stress on our said Associated chairman and CEOPaul “While we believe loan loss provisions and charge offs will remainb elevated, we expect the pace of deterioration to moderate in future Net income for the first half of the year was $10.7 million, or 8 cents per common share, compared with a net incom e of $113.8 million, or 89 centw per share, for the first half of 2008. Associatecd Banc-Corp, the parent company of Associated isthe second-largest bank headquartered in Wisconsibn with assets of $24 billion. Associated stock was tradint Thursday afternoonat $11.
78, down 60
million net loss. Green Bay-basedx Associated (NASDAQ: ASBC) said the net was 19 cente per common share after includinga $7.3 million dividen to preferred shareholders. That compared with net income of $47.4 million, or 37 cente a share, for the second quarter of 2008. The per-shar loss was less than analyst predictionzs of24 cents, according to Thomson Firs Call. Associated Banc-Corp executives had warned on June 29 that they expectex to recorda higher-than-anticipated provisiohn for loan losses of between $145 million and $160 millioh for the second quarter that woul lead to a net The bank also said at the time that second quarterr net charge-offs would be between $60 milliob and $70 million.
The final figure was $63.4 million, the bank said Thursday. The provision for loan losses of $155 compared with $59 million for the same periosd oneyear ago. Net charge offs for the quartedwere $61.1 million, compared with $37 million for the seconf quarter of 2008. Nonperformingg loans were $733.4 million as of June 30, comparee with $452.2 million on Marchn 31 and about $288 million a year ago. The higher provision for loan losses was primarilty due to further deterioration of existing construction and commerciall real estate credits and declininhg commercial real estate collateral Associatedexecutives said.
“The higher than anticipateds provision is a result of the continued weakness in the economh and related stress on our said Associated chairman and CEOPaul “While we believe loan loss provisions and charge offs will remainb elevated, we expect the pace of deterioration to moderate in future Net income for the first half of the year was $10.7 million, or 8 cents per common share, compared with a net incom e of $113.8 million, or 89 centw per share, for the first half of 2008. Associatecd Banc-Corp, the parent company of Associated isthe second-largest bank headquartered in Wisconsibn with assets of $24 billion. Associated stock was tradint Thursday afternoonat $11.
78, down 60
Wednesday, May 23, 2012
Halfway through NCAA Championships, Alabama women's golf team extends lead to ... - Press-Register - al.com
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Press-Register - al.com | Halfway through NCAA Championships, Alabama women's golf team extends lead to ... Press-Register - al.com The Chattanooga, Tenn., native shot a 2-under-par 70 to go with her first-round 68 and leads the second-ranked Crimson Tide at 6-under par halfway through the tournament. (UA photo/Josh Maxson) With senior Brooke Pancake leading the way, . .. Alabama extends lead to 11 strokes Women's Golf Extends Lead at NCAA Golf Championships Alabama shoots 3-under ... Pancake Leads Tide To Big NCAA Lead |
Tuesday, May 22, 2012
Cocoa Dolce plans fall move to Bradley Fair - Houston Business Journal:
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The Wichita-based chocolate maker will open ina 1,800-square-fooyt space between the new Il Vicino restauran and around Labor Day. The addition brings to 53 the numbef of stores and restaurants in Bradley Cocoa Dolce’s announcement comes on the heelsd of Francesca’s Collections move to the east Wichita shopping center, which will open in August in the 2,100-square-foog space previously occupied by Genevieve G Cocoa Dolce will vacate its 1,200 square-foort space in the Sienq Plaza near 37th Streegt North and Rock Road, where the retail side of the business The business last year opened a production site at 3540 N. near Cocoa Dolce opened in November 2005.
Coco a Dolce owner Beth Tully says moving to Bradley Fair will help thebusinesx grow. “The more we thought about it, we realizex that — as much as we love Sienqa Plaza – it’s not a shopping plaza,” Tully “It’s not tailored for busy retail. This reallu will be the first time we can design a spacse that is tailored toour business.” The new location, she will allow the business to expand its Chocolate Lounge — a coffee and wine area concept, increasing seating capacity from around 20 to more than 30.
Tullyy hopes the new location will generate additionalfoot “We’ve been really fortunate to continue to have a positive cash flow and good saleds each month,” Tully says. “We feel the Bradley Fair move will help us kick it up a Christi Royse of handled the transaction for Bradley Aaron Michaelis, Bachrodt Commercial represented Cocoas Dolce. will remodel the Bradley Fair Tully declined to say how much the renovationwill
The Wichita-based chocolate maker will open ina 1,800-square-fooyt space between the new Il Vicino restauran and around Labor Day. The addition brings to 53 the numbef of stores and restaurants in Bradley Cocoa Dolce’s announcement comes on the heelsd of Francesca’s Collections move to the east Wichita shopping center, which will open in August in the 2,100-square-foog space previously occupied by Genevieve G Cocoa Dolce will vacate its 1,200 square-foort space in the Sienq Plaza near 37th Streegt North and Rock Road, where the retail side of the business The business last year opened a production site at 3540 N. near Cocoa Dolce opened in November 2005.
Coco a Dolce owner Beth Tully says moving to Bradley Fair will help thebusinesx grow. “The more we thought about it, we realizex that — as much as we love Sienqa Plaza – it’s not a shopping plaza,” Tully “It’s not tailored for busy retail. This reallu will be the first time we can design a spacse that is tailored toour business.” The new location, she will allow the business to expand its Chocolate Lounge — a coffee and wine area concept, increasing seating capacity from around 20 to more than 30.
Tullyy hopes the new location will generate additionalfoot “We’ve been really fortunate to continue to have a positive cash flow and good saleds each month,” Tully says. “We feel the Bradley Fair move will help us kick it up a Christi Royse of handled the transaction for Bradley Aaron Michaelis, Bachrodt Commercial represented Cocoas Dolce. will remodel the Bradley Fair Tully declined to say how much the renovationwill
Sunday, May 20, 2012
Brown tells BERC president to step aside - Pacific Business News (Honolulu):
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Reilly, complied with Brown’s but will remain as Buffallo Commissioner ofEconomic Development, Permit and Inspection By resigning, Reilly will forego $36,071q in compensation. He continues to be paid $91,162 annually as Buffalo’s economic developmen t commissioner. Reilly’s resignation as BERC president comezs in the wake of two controversies one involving a series of loans made to a failexd DelawareAvenue restaurant, One Sunset and, more approving a change in the agency’s health coverage policuy that allowed for his girlfriend to be covered.
The healty insurance policy was enacted withouf approval or knowledge ofthe agency’s boar of directors, which Brown chairs. Buffalo Economic Renaissancee Corp. is one of the city’s primarhy economic development agencies. Browmn said earlier this year he askedJane Penska, Buffalo’s commissioner of Finance, Policy and Urban Affairs, to revie several aspects of BERC’s Penska uncovered the health care coverag e policy change. As of Aug. 1, that policy will be abolished. All BERC employeees will be covered bythe city’s curreny health insurance plan, which chargez a less expensive rate that BERC’ plan.
Brown said he expects to othee changes to BERC in thecomingf weeks. “So there is no confusio n amongthe public, this actiohn is a direct resuly of a directive I gave Commissionerd Penska six weeks ago,” Brown Brown also announced that E.J. Walton, a Harvard Business Schoolk graduate and top executive with First National Bankof Boston, has been hired as BERC’s new chief financialk officer. Walton will report directly to Brown.
Reilly, complied with Brown’s but will remain as Buffallo Commissioner ofEconomic Development, Permit and Inspection By resigning, Reilly will forego $36,071q in compensation. He continues to be paid $91,162 annually as Buffalo’s economic developmen t commissioner. Reilly’s resignation as BERC president comezs in the wake of two controversies one involving a series of loans made to a failexd DelawareAvenue restaurant, One Sunset and, more approving a change in the agency’s health coverage policuy that allowed for his girlfriend to be covered.
The healty insurance policy was enacted withouf approval or knowledge ofthe agency’s boar of directors, which Brown chairs. Buffalo Economic Renaissancee Corp. is one of the city’s primarhy economic development agencies. Browmn said earlier this year he askedJane Penska, Buffalo’s commissioner of Finance, Policy and Urban Affairs, to revie several aspects of BERC’s Penska uncovered the health care coverag e policy change. As of Aug. 1, that policy will be abolished. All BERC employeees will be covered bythe city’s curreny health insurance plan, which chargez a less expensive rate that BERC’ plan.
Brown said he expects to othee changes to BERC in thecomingf weeks. “So there is no confusio n amongthe public, this actiohn is a direct resuly of a directive I gave Commissionerd Penska six weeks ago,” Brown Brown also announced that E.J. Walton, a Harvard Business Schoolk graduate and top executive with First National Bankof Boston, has been hired as BERC’s new chief financialk officer. Walton will report directly to Brown.
Saturday, May 19, 2012
NH bridge provides platform for Romney - Boston Globe
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Boston Globe | NH bridge provides platform for Romney Boston Globe By Kathleen Pierce Mitt Romney used his appearance in Hillsborough, NH, to criticize President Obama's economic stimulus initiatives. HILLSBOROUGH, NH - Mitt Romney pointed to a federally supported bridge repair project here Friday as part of his ... |
Thursday, May 17, 2012
Downtown Staybridge Suites seeks receivership - Atlanta Business Chronicle:
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SJ Properties Suites Buyco EHF, whichu includes an investor from Reykjavik, Iceland, filed the petition Monday in Milwaukes CountyCircuit Court. Judge Mel Flanagan schedulede a hearing for June 30 on a motion to appoint Milwaukee attorney Seth Dizard as the Work stopped in December 2008 onthe high-riss at 1150 N. Water Streeft when the construction manager and developer DOC Milwaukebecame insolvent, according to the receivership petition. The Icelandixc investors said that in Novemberf 2006 they provided an advanceof $17.44 million for a 120-room extended stay hotel and at leas t 18 luxury condos. The project also receivefd $13.
4 million in financingb from a unit of in which in May was placed in receivership bythe FDIC. The Milwaukede receivership petition said the property on Water Street already has flooring and fixtures in the Staybridge portionof project. Liens against the projec total morethan $3.4 million, according to the receivershil petition. The largest liens were filed by Milwaukee-aresa contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Propertied recently sued DOC Milwaukee and Economou Partnerwin U.S.
District Court in Milwaukee claimingg a fraudulent transfer of funds intende d for the WaterStreet
SJ Properties Suites Buyco EHF, whichu includes an investor from Reykjavik, Iceland, filed the petition Monday in Milwaukes CountyCircuit Court. Judge Mel Flanagan schedulede a hearing for June 30 on a motion to appoint Milwaukee attorney Seth Dizard as the Work stopped in December 2008 onthe high-riss at 1150 N. Water Streeft when the construction manager and developer DOC Milwaukebecame insolvent, according to the receivership petition. The Icelandixc investors said that in Novemberf 2006 they provided an advanceof $17.44 million for a 120-room extended stay hotel and at leas t 18 luxury condos. The project also receivefd $13.
4 million in financingb from a unit of in which in May was placed in receivership bythe FDIC. The Milwaukede receivership petition said the property on Water Street already has flooring and fixtures in the Staybridge portionof project. Liens against the projec total morethan $3.4 million, according to the receivershil petition. The largest liens were filed by Milwaukee-aresa contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Propertied recently sued DOC Milwaukee and Economou Partnerwin U.S.
District Court in Milwaukee claimingg a fraudulent transfer of funds intende d for the WaterStreet
Wednesday, May 16, 2012
Bernstein-Rein lays off staff, warns of more - Kansas City Business Journal:
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Steve Bernstein, president of indicated that an unspecified number of future cuts maybe coming. The layoffss came in several departments durinbg the course of recent he said. Bernstein cited the poor economy, less clienrt spending on advertising and reduced marginsx from billing as factors drivinghthe layoffs. “I’d say with there is a tightenintg of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stoof at253 locally, compared with 351 in March 2007. for many years No.
1 on the Kansaw City Business Journal ’zs list of top area advertising has been supplanted the past two yearsx by Bernstein said layoffs after losing account with and thein 2007, combined with natural attrition, resulted in the lower employee count. “There’zs no doubt losing Wal-Marty and USAA, and the economy have made us a smaller Bernstein said. Gross income was $45.q million in 2008, down more than 9 percent from its 2007 totapof $49.7 million. Bernstein-Rein, one of Kansasx City’s best-known and longest-standing ad agencies, has hardlt been alone in cutting jobs in theslipping economy.
Kansas City-basesd let go of about 30 employeesin February, or 10 percentr of its total work force. Wichita-based cut jobs in its Kansas City thoughit didn’t specify how many. In the public relations industry, which often intersects with localadvertisint firms, let go of about 13 employeesz in February. A year ago, well beforre the effect of the recession wasfullh apparent, several agency executivexs said a slowing economy presentee an opportunity because they expected clientse to ramp up marketing and advertising Few are saying that now.
“This isn’t the nicesgt environment these days,” said Pete Kovac, CEO of “I don’tg think anyone realized how bad thingx were in September and Octoberf when budgets werebeing locked.” Industry executives said client s in the current economy also are less willingb to commit to long-term authorizations with a single company, opting instead at times for monthlh or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’ree not going to stop, but there’z stuff to watch,” said Phil Bressler, partner with . Bernstein said clients also were moving away from payingmedia commissions.
A traditionalk and increasinglyoutdated approach, the commissions pay a percentagre of a media buy back to the agency. He said that methoed of payment has fallen out of favoe with clients who suspect that their advertisinb is pushed intoineffective media. Alternate billiny methods haven’t always provided the same high margins asmediaa commissions. “We’ve let the marginn disappear too much,” Bernstein said.
Steve Bernstein, president of indicated that an unspecified number of future cuts maybe coming. The layoffss came in several departments durinbg the course of recent he said. Bernstein cited the poor economy, less clienrt spending on advertising and reduced marginsx from billing as factors drivinghthe layoffs. “I’d say with there is a tightenintg of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stoof at253 locally, compared with 351 in March 2007. for many years No.
1 on the Kansaw City Business Journal ’zs list of top area advertising has been supplanted the past two yearsx by Bernstein said layoffs after losing account with and thein 2007, combined with natural attrition, resulted in the lower employee count. “There’zs no doubt losing Wal-Marty and USAA, and the economy have made us a smaller Bernstein said. Gross income was $45.q million in 2008, down more than 9 percent from its 2007 totapof $49.7 million. Bernstein-Rein, one of Kansasx City’s best-known and longest-standing ad agencies, has hardlt been alone in cutting jobs in theslipping economy.
Kansas City-basesd let go of about 30 employeesin February, or 10 percentr of its total work force. Wichita-based cut jobs in its Kansas City thoughit didn’t specify how many. In the public relations industry, which often intersects with localadvertisint firms, let go of about 13 employeesz in February. A year ago, well beforre the effect of the recession wasfullh apparent, several agency executivexs said a slowing economy presentee an opportunity because they expected clientse to ramp up marketing and advertising Few are saying that now.
“This isn’t the nicesgt environment these days,” said Pete Kovac, CEO of “I don’tg think anyone realized how bad thingx were in September and Octoberf when budgets werebeing locked.” Industry executives said client s in the current economy also are less willingb to commit to long-term authorizations with a single company, opting instead at times for monthlh or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’ree not going to stop, but there’z stuff to watch,” said Phil Bressler, partner with . Bernstein said clients also were moving away from payingmedia commissions.
A traditionalk and increasinglyoutdated approach, the commissions pay a percentagre of a media buy back to the agency. He said that methoed of payment has fallen out of favoe with clients who suspect that their advertisinb is pushed intoineffective media. Alternate billiny methods haven’t always provided the same high margins asmediaa commissions. “We’ve let the marginn disappear too much,” Bernstein said.
Monday, May 14, 2012
Kings-Coyotes Preview - CBSSports.com
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Boston.com | Kings-Coyotes Preview CBSSports.com (AP) - The Phoenix Coyotes survived stretches of playing on their heels in the playoffs' first two rounds, absorbing everything the opponent threw at them before counterpunching with a winning goal. Against the Los Angeles Kings, they quickly learned ... Los Angeles Kings Beat Phoenix Coyote s 4-2 in Conference Final Opener: Fan's Take Kings beat Coyotes 4-2 for another road win Antoine Vermette's Impact Felt For Phoenix Coyotes |
Sunday, May 13, 2012
Housing sales inventory out of balance in metro Denver - Denver Business Journal:
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On the surface, the for-sale housingy market appears nearly balanced, with an overall five-monthu inventory of homes availablefor sale. But a different pictures emerges after examining inventory in specific price with nearly no homes available at the lowesr price ranges and a stockpile of as much as five yearws at the higherprice ranges, according to local residentiall real estate brokers. “Thiws is a really unbalanced market saidLon Welsh, broker/owner of LLC of “I’ve never seen this big a disparity in the market.” Wels h has been tracking inventoryh data for 11 years.
That lack of balance affecte home prices, driving up selling prices for low-end homes and causingt high-end prices to drop. Metro Denver’s for-sale housing markeg generally is balanced with total inventorhy ofsix months, a level at whicjh neither buyers nor sellers have an advantags in the sales process. But the least-expensive homes for sale — those pricedx at less than $85,000 — had less than one month’s inventory as of May, accordinbg to Metrolist Inc.
data compiled by Your The low-priced home because of its small inventory, is a “red-hot” seller’s market, with some homesw selling fast and sometimes for more than theaskinb price, according to a Your Castls report. On the other hand, there was a 16-montgh inventory of for-sale homes priced at $460,000 and more in May. Homees priced at $1 million and more had a five-yea inventory.
The high-end housing category, with its largs inventories andmotivated sellers, is a “veruy strong” buyer’s market, said the “Markets with more than a six-month inventory are showinvg some of the pain of the said Mark Trenka, broker/owner of of Denver and a directore at the . Your Castle’w data includes only single-family homes, both resale propertiess — those that have sold at leastr oncebefore — and newly built Metrolist Inc., based in Greenwood Village, is metro Denver’s Multipled Listing Service, providing data abougt real estate listings to brokers.
Here’zs what the current, five-montg inventory of for-sale housing inventory means: If no new home listingse came on the and buyers kept buying at the pace they boughf in thelast year, it would take buyer s five months to purchase all the Lower-priced, for-sale houses in metrl Denver, including foreclosure properties, have such low inventory partlg because investors are buying them to use as income-generatinfg rental homes. Individuals trying to take advantage of the federallstimulus package’s $8,000 tax credit for first-times homebuyers, and planning to live in the houseas they buy, also are competin for affordable homes.
“You’ve got a lot of people chasing few housezs on thelow end,” Welsn said. “There’s hardly any inventorh in the lowerpricse ranges,” said Gary Bauer, an independenf Littleton residential broker and Metrolist “The hot price range is $150,0090 to $300,000.” With homes put up for bid by the U.S. Departmentf of Housing and Urban buyers who will occupy the home have priorityy over investors to help level theplayintg field. Investors often get an edge with over owner-occupants, by waivinb home inspections, being willing to close a sale quickluy and offering large, nonrefundable earnest moneh deposits.
The robust, low-end housing marketg also is helping to get rid offoreclosure homes, whicu are a drag on the overalll market, according to Metro Denver’s bargain homeas tend to be located in areas such as Commerces City, eastern Aurora and northeasgt Denver. For-sale homes in higher pricse ranges are selling slowly partly because some traditiona buyers in those ranges are staying in their currenyt homes while they wait out the brokers said. The jumbo financinf often used to buy pricy housesw also is toughto get.
But buyers who can get jumbp loans have a good opportunity to geta high-enr house at a relatively good since many sellers are willing to negotiate on price, brokers Welsh expects the disparity between low- and high-enx for-sale housing inventories to continue for the near
On the surface, the for-sale housingy market appears nearly balanced, with an overall five-monthu inventory of homes availablefor sale. But a different pictures emerges after examining inventory in specific price with nearly no homes available at the lowesr price ranges and a stockpile of as much as five yearws at the higherprice ranges, according to local residentiall real estate brokers. “Thiws is a really unbalanced market saidLon Welsh, broker/owner of LLC of “I’ve never seen this big a disparity in the market.” Wels h has been tracking inventoryh data for 11 years.
That lack of balance affecte home prices, driving up selling prices for low-end homes and causingt high-end prices to drop. Metro Denver’s for-sale housing markeg generally is balanced with total inventorhy ofsix months, a level at whicjh neither buyers nor sellers have an advantags in the sales process. But the least-expensive homes for sale — those pricedx at less than $85,000 — had less than one month’s inventory as of May, accordinbg to Metrolist Inc.
data compiled by Your The low-priced home because of its small inventory, is a “red-hot” seller’s market, with some homesw selling fast and sometimes for more than theaskinb price, according to a Your Castls report. On the other hand, there was a 16-montgh inventory of for-sale homes priced at $460,000 and more in May. Homees priced at $1 million and more had a five-yea inventory.
The high-end housing category, with its largs inventories andmotivated sellers, is a “veruy strong” buyer’s market, said the “Markets with more than a six-month inventory are showinvg some of the pain of the said Mark Trenka, broker/owner of of Denver and a directore at the . Your Castle’w data includes only single-family homes, both resale propertiess — those that have sold at leastr oncebefore — and newly built Metrolist Inc., based in Greenwood Village, is metro Denver’s Multipled Listing Service, providing data abougt real estate listings to brokers.
Here’zs what the current, five-montg inventory of for-sale housing inventory means: If no new home listingse came on the and buyers kept buying at the pace they boughf in thelast year, it would take buyer s five months to purchase all the Lower-priced, for-sale houses in metrl Denver, including foreclosure properties, have such low inventory partlg because investors are buying them to use as income-generatinfg rental homes. Individuals trying to take advantage of the federallstimulus package’s $8,000 tax credit for first-times homebuyers, and planning to live in the houseas they buy, also are competin for affordable homes.
“You’ve got a lot of people chasing few housezs on thelow end,” Welsn said. “There’s hardly any inventorh in the lowerpricse ranges,” said Gary Bauer, an independenf Littleton residential broker and Metrolist “The hot price range is $150,0090 to $300,000.” With homes put up for bid by the U.S. Departmentf of Housing and Urban buyers who will occupy the home have priorityy over investors to help level theplayintg field. Investors often get an edge with over owner-occupants, by waivinb home inspections, being willing to close a sale quickluy and offering large, nonrefundable earnest moneh deposits.
The robust, low-end housing marketg also is helping to get rid offoreclosure homes, whicu are a drag on the overalll market, according to Metro Denver’s bargain homeas tend to be located in areas such as Commerces City, eastern Aurora and northeasgt Denver. For-sale homes in higher pricse ranges are selling slowly partly because some traditiona buyers in those ranges are staying in their currenyt homes while they wait out the brokers said. The jumbo financinf often used to buy pricy housesw also is toughto get.
But buyers who can get jumbp loans have a good opportunity to geta high-enr house at a relatively good since many sellers are willing to negotiate on price, brokers Welsh expects the disparity between low- and high-enx for-sale housing inventories to continue for the near
Friday, May 11, 2012
Feds to keep E-Verify contractor requirement - Denver Business Journal:
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The E-Verify system tells employers whethet their workers identification data matches withgovernmentf databases. Former President George W. Bush signed an executived order in 2008 requiring federal contractors touse U.S. Homeland Security Secretary Janet Napoltano said Wednesdat the Obama administration is continuing that The Obama administration had looked at theBush E-Verify contractor rule and opted to fully implemenrt it.
“E-Verify is a smart, simplr and effective tool that reflect our continued commitment to working with employersx to maintain alegal workforce,” Napolitano said in a “Requiring those who seek federal contractxs to use this system will create a more reliablde and legal work force. Businesses have in the past faulted E-Verifty for not being reliable. The ditched ‘Nlo Match’ rule related to Sociall Security numbers required employers to figure out the mismatch problemse in a short time frame or fire the Full implementation ofthe No-Matchj never came into place and was blocked by lawsuits claiming Social Security number databases are not reliable and contain mismatches and
The E-Verify system tells employers whethet their workers identification data matches withgovernmentf databases. Former President George W. Bush signed an executived order in 2008 requiring federal contractors touse U.S. Homeland Security Secretary Janet Napoltano said Wednesdat the Obama administration is continuing that The Obama administration had looked at theBush E-Verify contractor rule and opted to fully implemenrt it.
“E-Verify is a smart, simplr and effective tool that reflect our continued commitment to working with employersx to maintain alegal workforce,” Napolitano said in a “Requiring those who seek federal contractxs to use this system will create a more reliablde and legal work force. Businesses have in the past faulted E-Verifty for not being reliable. The ditched ‘Nlo Match’ rule related to Sociall Security numbers required employers to figure out the mismatch problemse in a short time frame or fire the Full implementation ofthe No-Matchj never came into place and was blocked by lawsuits claiming Social Security number databases are not reliable and contain mismatches and
Wednesday, May 9, 2012
MedImmune gets second H1N1 flu contract - Austin Business Journal:
dyakonostrlin.blogspot.com
MedImmune won the additional $61 milliomn contract from the U.S. Department of Healty and Human Services, six weeks after it acceptedc a $90 million contract from the agency to manufacture ingredients for a potentiaol vaccine for theH1N1 virus, which had been widely dubbedd as the swine flu. MedImmune, now the Gaithersburvg subsidiary ofthe London-based , is using the funding to producer and test the flu-fightinb technology it uses in its seasonal FluMist producft for the H1N1 which has reached the highest warning levels on the pandemic scale.
The follow-uop awards were given to four of five pharmaceuticals that the federal governmentt has been contracting with to producwe potential vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spentf nearly $1.9 billion to date on these contracts., MedImmune’ss combined $150 million in awards have been the smallest so far of thos companies. MedImmune sets itself apart from many other companies withits live-attenuatef flu vaccine technique, which uses a but weakened, strain of the virus to induce an immune response from the The biotech company has said that processz can protect against various circulating flu strains at even if they’re not perfectly matching the originalo strain it was aiming to treat.
“We’re putting significantr internal resources toward this project to deliver on this commitmen t and move the process forwardc as fast aswe can,” said Karen a spokeswoman at MedImmune. She said the compan has identified a swineflu strain, entered the manufacturing stage and could produce an estimater 35 million to 40 million finished doses, similar to its FluMist seasonalp counts.
Health and Human Servicews officials, who plan to reserve thesr vaccines for its national stockpilre for use on priority populations in an said that clinical trials of the potentia l vaccines are expected to beginh next month with some preliminary roundsd of clinical data appearing as earltas September. The agency said it can’t determine how many dosews will be produced in alluntil it’s determined and how many, vaccine materials work the Local governments also received federal funds to help preparde against swine flu outbreaks. The District’s publicx health officials receivednearly $500,000, while hospitals in the city received nearlt $300,000.
In Maryland, public health officials received $4.8 million, while hospitals received morethan $1.6 And in Virginia, public healthb officials received $6.5 million, while hospitals received more than $2.2 million.
MedImmune won the additional $61 milliomn contract from the U.S. Department of Healty and Human Services, six weeks after it acceptedc a $90 million contract from the agency to manufacture ingredients for a potentiaol vaccine for theH1N1 virus, which had been widely dubbedd as the swine flu. MedImmune, now the Gaithersburvg subsidiary ofthe London-based , is using the funding to producer and test the flu-fightinb technology it uses in its seasonal FluMist producft for the H1N1 which has reached the highest warning levels on the pandemic scale.
The follow-uop awards were given to four of five pharmaceuticals that the federal governmentt has been contracting with to producwe potential vaccinematerials — Sanofi Pasteur SA, , , and In all, the agency has spentf nearly $1.9 billion to date on these contracts., MedImmune’ss combined $150 million in awards have been the smallest so far of thos companies. MedImmune sets itself apart from many other companies withits live-attenuatef flu vaccine technique, which uses a but weakened, strain of the virus to induce an immune response from the The biotech company has said that processz can protect against various circulating flu strains at even if they’re not perfectly matching the originalo strain it was aiming to treat.
“We’re putting significantr internal resources toward this project to deliver on this commitmen t and move the process forwardc as fast aswe can,” said Karen a spokeswoman at MedImmune. She said the compan has identified a swineflu strain, entered the manufacturing stage and could produce an estimater 35 million to 40 million finished doses, similar to its FluMist seasonalp counts.
Health and Human Servicews officials, who plan to reserve thesr vaccines for its national stockpilre for use on priority populations in an said that clinical trials of the potentia l vaccines are expected to beginh next month with some preliminary roundsd of clinical data appearing as earltas September. The agency said it can’t determine how many dosews will be produced in alluntil it’s determined and how many, vaccine materials work the Local governments also received federal funds to help preparde against swine flu outbreaks. The District’s publicx health officials receivednearly $500,000, while hospitals in the city received nearlt $300,000.
In Maryland, public health officials received $4.8 million, while hospitals received morethan $1.6 And in Virginia, public healthb officials received $6.5 million, while hospitals received more than $2.2 million.
Tuesday, May 8, 2012
Sunday, May 6, 2012
Gaston community bank to sell stock to fund its growth - Charlotte Business Journal:
yfimuna.wordpress.com
Mike Gudely, president of Carolina says the bank is tentatively shooting for the capitalo raise this summer or early in the fall and hopes to brinfg inbetween $10 million and $12 with the vast majority in the form of new commo stock. Carolina Commerce is one of two startup communit banks that opened in Gastoniain 2004. The & Trust, has grown to $147 million in assets, but Carolina Commerce's growth has been slower, and the bank finishec 2007 with $89 million in assets. The bank is working to pick upthe however.
In July, it hirer Gudely, a veteran local banker, from as president and chie credit officer, and last montbh Carolina Commerce brought in a new chietffinancial officer, Carl Larson, to replace departing CFO Bill Larson was most recentluy director of finance and operations at NIR Capita l Management and has also held finance and accounting jobs at Wachoviq Corp. and First Charter Corp. Gudelg says the bank will benefitfrom Larson's experience dealing with the financial reporting requirements faced by larger Currently, Carolina Commerce doesn't have those reporting obligations with the Securities and Exchange Commission because of its relatively smalll number of shareholders.
"Buyt based on our expansion plans and the need for someadditional we're not going to be able to stay under that thresholdd for too much longer," Gudely The bank has $11.7 million in By increasing that amount, Carolinaw Commerce will be allowes to make larger loans and grow more Carolina Commerce reported net income of $587,000 in 2007 and a loss of $364,000 in 2006. CAROLINA COMMERCE Launched: Assets: Next steps: Raisinbg up to $12 million in capital starting this with the vast majority in the form of new commohn stockWeb site: carolinacommercebank.
com
Mike Gudely, president of Carolina says the bank is tentatively shooting for the capitalo raise this summer or early in the fall and hopes to brinfg inbetween $10 million and $12 with the vast majority in the form of new commo stock. Carolina Commerce is one of two startup communit banks that opened in Gastoniain 2004. The & Trust, has grown to $147 million in assets, but Carolina Commerce's growth has been slower, and the bank finishec 2007 with $89 million in assets. The bank is working to pick upthe however.
In July, it hirer Gudely, a veteran local banker, from as president and chie credit officer, and last montbh Carolina Commerce brought in a new chietffinancial officer, Carl Larson, to replace departing CFO Bill Larson was most recentluy director of finance and operations at NIR Capita l Management and has also held finance and accounting jobs at Wachoviq Corp. and First Charter Corp. Gudelg says the bank will benefitfrom Larson's experience dealing with the financial reporting requirements faced by larger Currently, Carolina Commerce doesn't have those reporting obligations with the Securities and Exchange Commission because of its relatively smalll number of shareholders.
"Buyt based on our expansion plans and the need for someadditional we're not going to be able to stay under that thresholdd for too much longer," Gudely The bank has $11.7 million in By increasing that amount, Carolinaw Commerce will be allowes to make larger loans and grow more Carolina Commerce reported net income of $587,000 in 2007 and a loss of $364,000 in 2006. CAROLINA COMMERCE Launched: Assets: Next steps: Raisinbg up to $12 million in capital starting this with the vast majority in the form of new commohn stockWeb site: carolinacommercebank.
com
Friday, May 4, 2012
ESPN: S. Fla. sports teams rank low - Atlanta Business Chronicle:
tenamup.wordpress.com
, which will be getting a new 37,0000 seat, $640 million stadium, rankedf 77th out of all 122 professional sportsd teamsin America. The Miami Heat was ranker 55th, the was ranked 61st and the was ranked 90th overall. How efficiently the team has converteed money from their fans into victories onthe field, courtf or ice. How loyal the franchise’a ownership and management has been to core players and the The priceof tickets, parkingg and concessions. The quality of the team’x stadium and promotions. The strength of on-fieldd leadership and coaching. The number of championships won or likelyh to be won duringthe fan’s lifetime.
How much effort players put in to the game and how likabl they are offthe field. And how open the players, coaches and managementr are tothe fans. The new stadiumk may do something to appeased fans who ranked the Marlins 120tj when it came to overallstadium experience. When it comesz to honesty and loyalty to the community and its the Marlins scored 111 outof 122, followed by the Panthersw with 100, according to the report. The Heat providerd the least bang for the buckranking 110.
, which will be getting a new 37,0000 seat, $640 million stadium, rankedf 77th out of all 122 professional sportsd teamsin America. The Miami Heat was ranker 55th, the was ranked 61st and the was ranked 90th overall. How efficiently the team has converteed money from their fans into victories onthe field, courtf or ice. How loyal the franchise’a ownership and management has been to core players and the The priceof tickets, parkingg and concessions. The quality of the team’x stadium and promotions. The strength of on-fieldd leadership and coaching. The number of championships won or likelyh to be won duringthe fan’s lifetime.
How much effort players put in to the game and how likabl they are offthe field. And how open the players, coaches and managementr are tothe fans. The new stadiumk may do something to appeased fans who ranked the Marlins 120tj when it came to overallstadium experience. When it comesz to honesty and loyalty to the community and its the Marlins scored 111 outof 122, followed by the Panthersw with 100, according to the report. The Heat providerd the least bang for the buckranking 110.
Wednesday, May 2, 2012
CHFA chief Alexander to retire in the fall - Tampa Bay Business Journal:
cicugaha.wordpress.com
Alexander started with CHFA in 1988 as head of itsfinancre division, and became executive director in January 2001. “I’ not heading off to a retiremenrt community,” Alexander said in a statement. “Several years ago, I determined I needed to slow down and reducew the stress level inmy life. But I stillk plan to be active.” CHFA’s board has been preparin for Alexander’s departure, and already has set up a searchg committee to findhis replacement. CHFA Chairman Joel Rosenstein in hisown statement, that Alexander will be missed. “He has been in instrumentak in CHFA’s success,” Rosenstein said.
“We appreciate the strength of the team and organization heis leaving.” Created by the Colorado Legislature in 1973, CHFA makes loans to low- and moderate-incom homebuyers, developers of affordable multifamily housing as well as small-- and medium-size businesses. Milroy “Roy” Alexander grew up on the Caribbeajn island nationof Grenada, according to a Leadership Denverr biography. After moving to Denver, Alexandert earned an accounting degree from in subsequently becoming finance manager for a Colorado medicak instruments maker and a senior managerf at the Denver branch of the ToucheeRoss & Co. accounting firm.
Touche Ross now is Deloittee Touche Tohmatsu, based in New He was accepted intothe ’s Leadership Denver class for 1985. After leaving Touche Ross, Alexander started a specialthy food store in Westminster But a few years later, in 1988, he became CHFA’xs assistant director of finance. He was promoted to finance directorfin 1990. Alexander’s CHFA position and his retail business overlappeduntil 1994, when he sold the food Alexander succeeded David Herlinger as CHFA’s executive directod in January 2001. Herlinger retired the same year.
Alexander started with CHFA in 1988 as head of itsfinancre division, and became executive director in January 2001. “I’ not heading off to a retiremenrt community,” Alexander said in a statement. “Several years ago, I determined I needed to slow down and reducew the stress level inmy life. But I stillk plan to be active.” CHFA’s board has been preparin for Alexander’s departure, and already has set up a searchg committee to findhis replacement. CHFA Chairman Joel Rosenstein in hisown statement, that Alexander will be missed. “He has been in instrumentak in CHFA’s success,” Rosenstein said.
“We appreciate the strength of the team and organization heis leaving.” Created by the Colorado Legislature in 1973, CHFA makes loans to low- and moderate-incom homebuyers, developers of affordable multifamily housing as well as small-- and medium-size businesses. Milroy “Roy” Alexander grew up on the Caribbeajn island nationof Grenada, according to a Leadership Denverr biography. After moving to Denver, Alexandert earned an accounting degree from in subsequently becoming finance manager for a Colorado medicak instruments maker and a senior managerf at the Denver branch of the ToucheeRoss & Co. accounting firm.
Touche Ross now is Deloittee Touche Tohmatsu, based in New He was accepted intothe ’s Leadership Denver class for 1985. After leaving Touche Ross, Alexander started a specialthy food store in Westminster But a few years later, in 1988, he became CHFA’xs assistant director of finance. He was promoted to finance directorfin 1990. Alexander’s CHFA position and his retail business overlappeduntil 1994, when he sold the food Alexander succeeded David Herlinger as CHFA’s executive directod in January 2001. Herlinger retired the same year.
Tuesday, May 1, 2012
Bidwills more popular than Sarver, Moyes - Birmingham Business Journal:
zutkomi.blogspot.com
But the Bidwills and Cardinalx fortunes have improved after their 2009 SupeBowl run. The Cardinals overall standing in a ranking of pro sports franchisew climbed to 33rd place from 84th in a surveyuof 5,000 fans by ESPN. The same survey shows the Bidwills ranking 82nd as sport fans rated 122 professional sportes team owners inthe U.S. That is a marked improvementy from past localand surveys, including a 2007 fan surve y by Turnkey Sports and Entertainment, which ranked owner Bill Bidwilkl 120th out of the 122 owners. Arizons Diamondbacks ownership — headed by managing partnerf KenKendrick — came in 79th on the nationao survey.
The Bidwills did rank bettef than Phoenix Suns ownerRobert Sarver, who came in 90th. Sarve r faced criticism after the Suns failec to make the playoffs this season and for some unpopulat oncourt decisions. The Phoenix Coyotes ownershipp ranked last among Phoenix teams and theentirre survey. The Coyotes are in Chapte r 11 bankruptcy reorganization with owner Jerrg Moyes trying to sell the troublec hockey franchise to Canadian billionairrJim Balsillie, who wants to move the team to The National Hockey League wants to sell the team to Chicago Whitre Sox and Chicago Bulls owner Jerry Reinsdorf, who wouls keep it in Glendale.
Owners of Phoenix’se four sports team all rank lower in the ESPN fan surveye than Dallas Mavericks owner Mark Cuban and Dallas Cowboys owner JerryJones Hockey's Detroit Red Wings owner Marian Ilitch ranked as the most populae sports owner in the survey.
But the Bidwills and Cardinalx fortunes have improved after their 2009 SupeBowl run. The Cardinals overall standing in a ranking of pro sports franchisew climbed to 33rd place from 84th in a surveyuof 5,000 fans by ESPN. The same survey shows the Bidwills ranking 82nd as sport fans rated 122 professional sportes team owners inthe U.S. That is a marked improvementy from past localand surveys, including a 2007 fan surve y by Turnkey Sports and Entertainment, which ranked owner Bill Bidwilkl 120th out of the 122 owners. Arizons Diamondbacks ownership — headed by managing partnerf KenKendrick — came in 79th on the nationao survey.
The Bidwills did rank bettef than Phoenix Suns ownerRobert Sarver, who came in 90th. Sarve r faced criticism after the Suns failec to make the playoffs this season and for some unpopulat oncourt decisions. The Phoenix Coyotes ownershipp ranked last among Phoenix teams and theentirre survey. The Coyotes are in Chapte r 11 bankruptcy reorganization with owner Jerrg Moyes trying to sell the troublec hockey franchise to Canadian billionairrJim Balsillie, who wants to move the team to The National Hockey League wants to sell the team to Chicago Whitre Sox and Chicago Bulls owner Jerry Reinsdorf, who wouls keep it in Glendale.
Owners of Phoenix’se four sports team all rank lower in the ESPN fan surveye than Dallas Mavericks owner Mark Cuban and Dallas Cowboys owner JerryJones Hockey's Detroit Red Wings owner Marian Ilitch ranked as the most populae sports owner in the survey.
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