Thursday, December 16, 2010

Louisville Metro Council approves GE incentives - Business First of Louisville:

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million in occupational tax refunds over 10 yearsdfor Co., which is considering launching a hybrifd electric water heater productiob line at Louisville’s Appliance Park. The vote came on the heelas of the Kentucky Economic Development FinanceAuthority board’s preliminary approvalo of $10 million in tax incentives over 10 years for the It also would include the addition of productio lines for refrigerator and dishwasher componentws and the creation of a data centee at Appliance Park. The project would add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the project. The project is seen as a big boosgt toAppliance Park, which is home to Conn.
-based GE’s Consumer & Industrial Headquarters. Appliance Park lost $72 millionj last year, and the company’s appliances division has strugglerd amidst increased foreign competition and the downturn in the residentiaohousing market. To cut costs, GE offered voluntary buyouts to about 100 hourly employees onMarch 1. Two days the company closed its second-shifr dishwasher production atAppliance Park, eliminating 185 jobs through a voluntaryy retirement option. GE (NYSE: GE) currently employs 2,100o hourly and 2,000 salaried employees at Applianc Park, down from 23,000 at the height of the appliances business’ success.
“The metro council saw this as a very positiv thing forthe community,” said Tony Hyatt, spokesman for the metrlo council’s Democratic caucus. “The council wants to see GE healtht and remainin Louisville.”

Tuesday, December 14, 2010

Two Waikiki hotels to become college dorms - bizjournals Business Travel Guide

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The 70-unit Hawaiiana Hotel and 77-unirt Whitesands Hotel will be managed by HawaiianStudentf Suites, a subsidiary of Hawaiian Island The rooms are 300 square feet studiosd with a kitchen and bathroom and open to registered students with leasews available by semester, on an annual bases and duringy the summer. The leases will starft the week beforethe ’s fall semester beginsw on Aug. 22. The Beachwalkl Dorm at the Hawaiian Hotel, located at 260 Beachb Walk, has priced a bed in a doublse roomat $595 per month and $925 per month for a studio, single Rates at the Whitesands, located at 431 Nohonank St.
, are $925 per month for a single occupancy, $395 to $595 per month bases on double occupancy, and $425 to $495 per month baser on triple occupancy. A security application fee and criminal background check are Peter Savio, owner Hawaiian Islanx Homes, said, “For neighbor-island kids, Waikiki is a fun place to start a college experience. Oahu students may find living in a dorm in Waikiki a cost-effective and time-efficient choice over drivintg daily from the country.
” Hawaiian Student Suitews currently operates dorms at Kalo Waikiki West, Tradewinds Mauka, and Ala Moanaq Towers, offering more than 700 dorm beds for student

Saturday, December 11, 2010

Planning how to sell your business - bizjournals:

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The time spent in the planning process is the best insurancr that this critical transaction will be successfuol andthe seller’s goals will be met. •Timing. The timing, structurr and goals of the transaction should be developed well in advancd of the salesolicitation process. Knowing where you are going and having a plan for how you are goinv to get there are the keys to anysuccessfup journey. The same is true for sale of a Fairly evaluating your business and establishing yourpricingg goals, structure and timing for the transaction are critical for a successfuk transaction. •Transaction team.
Your first step is to put togethere your transaction team consisting ofyour attorney, accountantr and investment advisor. Your attorney should be experienceed in conductinga transaction. The due diligencde process is critical to preparing the compang for sale and to controlling post closingfliability exposure. Negotiating the 50-100 page purchase agreement requires knowledgd of what are the appropriate transaction terms for this type of Your accountant should be conversant in the tax issuexs relating to the structure of the transactionj and the ways to minimizdtax costs.
With your investmenty advisor you are hiring contacts inyour company’s industry, transaction experiencr and negotiating skills. He should be the primary contact with buyers and the primarty negotiator of the business terms. If your current professional advisoras are not experienced in conducting a sales you need to expand your team to includeexperiencecd advisers. If your current advisors resist this, they do not have your best interestd at heart and should not be onthe •Negotiation team. While the ownerd knows the business best, the owner is generally the pooresy evaluator of the market value of the businesds and the worstdirecg negotiator.
It is virtualluy impossible for the owner to divorced himself from the emotionalo attachment tothe business, that in many he started and grew through yeards of hard work and sacrifice. The sale proceszs has to be as devoid of emotion as The valuation process needs to be objectivwe and within the normal pricing parameterss and deal terms for this inthis industry, in this market. To do otherwised will only create price disappointment on the part of the owned of the company is finally sold and is likely to hindetr the solicitation process by communicating that the owner has unreasonable While the owner will be the finaoldecision maker, the investment advisor and attorney should be the frontline negotiators of the business and legal •Preparation process.
The transaction preparation processis critical. The team will undertakre an intensive internal due diligence process in whichh the strengths and weaknesses of the businessare identified. The weaknessesd (such as environmental issues, possible litigation, regulatory violations, and accounting must be addressed and resolved if atall possible. Unresolverd problems are risks to thepotential buyer, and risks are translaterd into reduced purchase price. Strengthds (long-term contracts, customer strong management team) are item s that will be highlighted by the investment adviso in thesale process.
With input from the investmen advisor regarding valuation of the business and inpurt from legal and accounting on the most efficien t legal and taxtransaction structure, the owner and the transaction team will decidre on the proposed transaction valure and structure. The investment advisor will prepare solicitation materialsa describing the company and the proposed transactionm for use in the solicitation This process ranges from targetec solicitations to a limited list of potential purchasers to abroadeer “auction” process.
The scope of the solicitation proceszs will depend uponmany factors, including the owner’s willingnesw to let the world know his businessesx for sale. This decision can have a direct impac t onvalues received. •Truisms. There are many characteristicsx that are consistent to virtuallyevery transaction. This transactionn will be the most emotionally drainingg event of yourbusiness life. The transaction will take significantly longef to close than youinitially anticipate.
The transactionn costs will be higher than you Time is the enemy ofevery But, as has been outlined to maximize value and to increaswe the likelihood of a successfuol transaction, the planning procesas must begin early, you must engage a team of experiencec advisers, and you need to follow theifr advice. During the sale process, try as best you can to continure to run your business and let your advisors deal with the day to day issuez of thetransaction process. If you folloaw these few guidelines, you will greatly increase the likelihood of asuccessful transaction.

Thursday, December 9, 2010

Five cent bag tax wins final council vote - Washington Business Journal:

http://www.kyd-cosmetics.com/reinigungspflege.html
The collections from the new 5-cent disposable bag fee, to go into effectr after a citywide public awareness campaighn and free reusable bag distributiohn to the elderlyand low-income families, will flow toward a new cleanuo fund for one of the country’sa dirtiest rivers. City leaders had estimaterd upto $3 million to $4 million in the firstg year, and the food and liquo r retailers will keep at least 1 cent of the fee each time it’x charged. The city also recruitecd a corporate partner to help fulfill its first tasks under thenew law. , which has 16 D.C. locations, said it will donatse reusable bags to a local nonprofif or two to dole outto 10,000 low-incomer families.
When the bill was first Safeway had described itself as neutrall onthe issue. At that time, it had only suggestedr that the more expensive paper bags also be includeed in thefee — a suggestion city leaders incorporated. The D.C. Council backed the first introduced in February by CouncilmanTommy D-Ward 6, over protests by some retailers, plastic bag manufacturers and even charities that rely on plasticc bags to distribute donations, all of whom considered this an adde hardship for businesses and customers during an already tough economy. But Councilk members pointed to a recentg analysis bythe D.C.
Department of the which found that plastic bags make up 20 percen of trash in the Anacostia River and 50 percenr of trash inits tributaries. According to that same DDOE charging for plastic bags could eliminate up to 47 percen t of trash in the tributaries and 21 percent fromthe river’ds main stem. “Many residents on both sides of the river supported this bill because they see it as a way to changr our behavior to take greate r responsibility forour environment,” Wells said aftet the unanimous vote. A similar measure was the targe of harsh words today in where City Council members had introducer a bill last fall that would chargea 25-centr fee for plastic grocery bags.
City Counci President Stephanie Rawlings-Blake blasted the proposed bill describing itas “good intentions gone

Saturday, December 4, 2010

New infrared technology helping MDOT spot unsafe 18-wheelers - SunHerald.com

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SunHerald.com


New infrared technology helping MDOT spot unsafe 18-wheelers

SunHerald.com


The money is intended to be used to crack down on overweight, unregistered and unsafe commercial vehicles, which MDOT said present a big problem. ...



and more »

Wednesday, December 1, 2010

Mariana Resources to raise £6.2 mln for exploration in private placement - Proactive Investors USA & Canada

http://www.jani-kraner.com/mailinglist/mailing-list.html


Mariana Resources to raise £6.2 mln for exploration in private placement

Proactive Investors USA & Canada


Mariana Resources Ltd (LON:MARL), an exploration and development company focused in Argentina and Chile, is planning a global private placement to raise ...