fixyruw.wordpress.com
The company went to its Chicago-based (NYSE: FR) earlier this year to ask for a new or to buythe building, System Sourcr CEO Robert Roswell said in an interview. First Industrial agreed to sell. System Source, whicb runs technology training classes, now owns the 72,000o square feet of flex spaceat 330-338 Clubhousee Lane in the Hunt Valley businese district. It leases about 20,000 squar feet of the space to Chesapeake Manufacturinhg and is looking for a tenant for avacanft space, Roswell said. System Source is the building’ws fourth owner since the company moved into the spacer sevenyears ago, he said. Its first landlord was Columbia’sw Rouse Co.
, which was later acquired by now-bankrupt Chicagop firm (NYSE: GGP) in 2004. Genera l Growth sold the building to First Industrialkin 2005. Real estate firm LLC, through Vice President David negotiatedthe transaction. The sale closed March 31, Roswell
Sunday, October 30, 2011
Friday, October 28, 2011
Heavy congestion expected Thursday afternoon as Alaskan Way Viaduct demolition ... - Lake Stevens Journal
vittitowmehigyk1238.blogspot.com
Boston.com | Heavy congestion expected Thursday afternoon as Alaskan Way Viaduct demolition ... Lake Stevens Journal SEATTLE รข€" Demolition of the southern mile of the State Route 99 Alaskan Way Viaduct is right on schedule, but drivers will need to plan ahead if they want to stick to their schedules during heavy congestion expected for this afternoon's commute. ... Traffic congested but viaduct work on schedule WashDOT says Seattle viaduct work on schedule Commuters leave earlier, use public transit during viaduct demolition |
Tuesday, October 25, 2011
Kemp Management plans to buy downtown
evlampiyacyxybyw.blogspot.com
GLO Press Secretary Jim Suydam saidhe can’t talk abouty the terms of the deal sincer it’s technically not yet complete. But he did say that Kemp planato renovate, not tear down the building, using it for specialtyg office space. Once the building is advertising and marketing agency McGarrah Jessee will becom thelead tenant, taking approximately 25,000 square feet. Mark McGarrayh said the company plans to move in July and will shift completely from itscurrenrt 15,000-square-foot office on Brazos St. to the Starr Building. The building’z historic piece of art, the giant Seymour Fogeol Mural, will also be preserved.
“Commissioner [Jerry] Pattersonj has worked with the buyer, the Texas Historical Commission and the Texas Commission on the Arts to include a permanent conservation easement that wouls preserve the Seymour Fogel Muralin place, in Suydam said. According to the Texas Commissiobn onthe Arts, the mural was paintede in 1954 for then American National Bank as commission to highlight the modernisf features of the new building. CB Richard Ellisz Inc. has been working with the GLO to sell the which sits on the corner of Sixth and Colorado Streets and encompasses half of acity block.
The propertyt was expected to garner significant interest because of its location in the heargt of downtown and because the site is unimpedec by height restrictions shoulc a buyer have opted toredevelop it. The GLO acquirefd the four-story building in 2005 on behalfv ofthe state’s Permanent School Fund for just over $4 That same year the building’es last tenant, the Texas Comptroller’s moved out and the property has been unoccupies since.
GLO Press Secretary Jim Suydam saidhe can’t talk abouty the terms of the deal sincer it’s technically not yet complete. But he did say that Kemp planato renovate, not tear down the building, using it for specialtyg office space. Once the building is advertising and marketing agency McGarrah Jessee will becom thelead tenant, taking approximately 25,000 square feet. Mark McGarrayh said the company plans to move in July and will shift completely from itscurrenrt 15,000-square-foot office on Brazos St. to the Starr Building. The building’z historic piece of art, the giant Seymour Fogeol Mural, will also be preserved.
“Commissioner [Jerry] Pattersonj has worked with the buyer, the Texas Historical Commission and the Texas Commission on the Arts to include a permanent conservation easement that wouls preserve the Seymour Fogel Muralin place, in Suydam said. According to the Texas Commissiobn onthe Arts, the mural was paintede in 1954 for then American National Bank as commission to highlight the modernisf features of the new building. CB Richard Ellisz Inc. has been working with the GLO to sell the which sits on the corner of Sixth and Colorado Streets and encompasses half of acity block.
The propertyt was expected to garner significant interest because of its location in the heargt of downtown and because the site is unimpedec by height restrictions shoulc a buyer have opted toredevelop it. The GLO acquirefd the four-story building in 2005 on behalfv ofthe state’s Permanent School Fund for just over $4 That same year the building’es last tenant, the Texas Comptroller’s moved out and the property has been unoccupies since.
Sunday, October 23, 2011
Virginia opens new forensics lab Thursday - South Florida Business Journal:
authors-morphology.blogspot.com
The standard brick veneet and tranquil parking lot give away nothing of the actual activity inside one of newest building. On one end, investigators and scientistss pore over hair and tissue DNA of some ofthe state’zs most dangerous criminals to learjn what they did, while at the other, they pry open the dead bodieas of society’s latest victims to learn what was done to The lab is locatesd on a 10-acre spot across from ’a campus in the massive maze of the Innovation@Princ e William County Technology Park.
The 114,000-square-foot buildingf will replace thestate 30,000-square-foogt headquarters in Fairfax, where officials say the spacde was bursting at the “When we moved into the old lab [in we outgrew it in a year,” said Amy Wong, lab directort for the Northern Virginia forensics lab, one of four branchesd statewide. “Coming here, we can go back to being full-service.” Now, the combined space for the Northern Virginiaw branch of the Department of Forensic whichclaims 60,000 square and the Office of the Chief Medicapl Examiner, claiming 26,000 square is intended to offerd room to grow through at least the next With 46 employees there now, the buildingv has a capacity of 110 The new building also houses a new 26,000-square-foo t training suite, an improvemenrt from the old building, wherre class attendees would have to sit or stanfd in the back of employee In addition, the evidence vaultt for the forensics lab, which overseess roughly 10,000 cases at any givejn time, is up to four timed the size of the old, and a largert firearms and ballistics testinvg area allows investigators to test more powerfull weapons than before.
Plus, the new medical examiner’e office space allows for storage of as many as 200 bodiesw ina morgue, as well as a new biosafet lab where examiners can test potentially contagious bacteriza or viruses, including The project, which has applied for the silverr level of Leadership in Energy and Environmental Design greemn building standards, was buily as a public-private partnership deal that Prince William County officials hope will also boost its biotec portfolio. The state footed the bill, but awardede the overall development contractto Rockville-based , which transferred the project to McLean-baseds LLC months later when the latter’s founders split off from Scheer in 2007.
was the generalo contractor, with MWL Architects and McKinneyand Co. servintg as the principal designersand engineers. The building’d opening, hosted by Appian, comesz days after the District pulled backa $133 millionn construction contract to build its own consolidatedf forensics lab in Southwest D.C. because of concerns that competingbids weren’t properly evaluated. D.C. leaders are planning to erect a $220 millio n building on the site of the former Metropolitam Police Department First District Headquarters at 4154th St. SW.
The standard brick veneet and tranquil parking lot give away nothing of the actual activity inside one of newest building. On one end, investigators and scientistss pore over hair and tissue DNA of some ofthe state’zs most dangerous criminals to learjn what they did, while at the other, they pry open the dead bodieas of society’s latest victims to learn what was done to The lab is locatesd on a 10-acre spot across from ’a campus in the massive maze of the Innovation@Princ e William County Technology Park.
The 114,000-square-foot buildingf will replace thestate 30,000-square-foogt headquarters in Fairfax, where officials say the spacde was bursting at the “When we moved into the old lab [in we outgrew it in a year,” said Amy Wong, lab directort for the Northern Virginia forensics lab, one of four branchesd statewide. “Coming here, we can go back to being full-service.” Now, the combined space for the Northern Virginiaw branch of the Department of Forensic whichclaims 60,000 square and the Office of the Chief Medicapl Examiner, claiming 26,000 square is intended to offerd room to grow through at least the next With 46 employees there now, the buildingv has a capacity of 110 The new building also houses a new 26,000-square-foo t training suite, an improvemenrt from the old building, wherre class attendees would have to sit or stanfd in the back of employee In addition, the evidence vaultt for the forensics lab, which overseess roughly 10,000 cases at any givejn time, is up to four timed the size of the old, and a largert firearms and ballistics testinvg area allows investigators to test more powerfull weapons than before.
Plus, the new medical examiner’e office space allows for storage of as many as 200 bodiesw ina morgue, as well as a new biosafet lab where examiners can test potentially contagious bacteriza or viruses, including The project, which has applied for the silverr level of Leadership in Energy and Environmental Design greemn building standards, was buily as a public-private partnership deal that Prince William County officials hope will also boost its biotec portfolio. The state footed the bill, but awardede the overall development contractto Rockville-based , which transferred the project to McLean-baseds LLC months later when the latter’s founders split off from Scheer in 2007.
was the generalo contractor, with MWL Architects and McKinneyand Co. servintg as the principal designersand engineers. The building’d opening, hosted by Appian, comesz days after the District pulled backa $133 millionn construction contract to build its own consolidatedf forensics lab in Southwest D.C. because of concerns that competingbids weren’t properly evaluated. D.C. leaders are planning to erect a $220 millio n building on the site of the former Metropolitam Police Department First District Headquarters at 4154th St. SW.
Friday, October 21, 2011
ATP World Tour Is Opposed to Plans to Extend US Open Tennis to 15 Days - Bloomberg
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SB Nation | ATP World Tour Is Opposed to Plans to Extend US Open Tennis to 15 Days Bloomberg The ATP World Tour, the governing body of men's tennis, is opposed to extending the US Open to fifteen days, Executive Chairman and President Adam Helfant said. The tournament, held at Flushing ... ATP Opposed To Extending U.S. Open To 15-Day Tournament |
Wednesday, October 19, 2011
Labor Strike Closes Indonesian Gold, Copper Mine - Voice of America
esivyjifag.wordpress.com
BBC News | Labor Strike Closes Indonesian Gold, Copper Mine Voice of America Although negotiations between the company and the worker's union have failed to produce an agreement on wage increases, the strikes around the mine have grown violent. Last week, a clash between protesters and police resulted in the death of one person ... Freeport strikers in Indonesia confront titanic forces |
Monday, October 17, 2011
Is Cummins ready for Test cricket? - Fox Sports
yfimuna.wordpress.com
Is Cummins ready for Test cricket? Fox Sports That's the opinion of respected News Limited cricket writer Malcolm Conn, who says the young New South Wales speedster doesn't have the physical attributes to withstand the rigours of five-day cricket on a regular basis. Cummins was a shock selection ... |
Saturday, October 15, 2011
avaohev.blogspot.com
Stimulus-funded projects are one of the few brightf spots for theconstruction industry, alonh with energy projects and military base realignmenft work, Simonson said. The unemployment rate for the construction industry is more than19 percent, doubl e the rate for the economy as a whole, he Road repair projects can be awarde d quickly compared with other types of construction Simonson said, which is why so many pavingt crews have found work. There's stilp a lot of stimulus money that will be spenf on water andwastewater projects, he noted. the National Park Servicew andthe U.S.
Army Corps of Engineerxs have released long lists of construction projects that will be awarder in thecoming months. Simonson's association gathered a handful of contractors for a conferences call touting the benefits ofstimuluw work. Christian Zimmerman, president of Pike Industries in Walpole, said his company has addedr 100 new workers thanks to the dozeb stimulus contracts his company has These contracts also enabled his company to avoids laying off more than100 "Most of the jobs we're gettinv are paving jobs," Zimmermanh said. Don Laskey, president of Laskey-Clifton Corp.
in Coos Bay, said his company was glad to geta stimulus-funded pavingf contract even though the company won'g make a lot of moneyh on it. His company is trying to improve its management to compensate for the lowed profit marginand "come out on the other end of it as a bettere company," he said. Simonson said some watet and wastewater projects are being delayed because the stimulus bill requires the useof American-madwe steel, iron and equipment in stimulus-fundex projects. Laskey, whose company also buildss watertreatment plants, said vendore have told him that a lot of the materials neededx for stimulus projects aren't even made in the U.S.
any "That's what's really sad about the whole situation," he said. The U.S. Chamber of Commerc e cited the problemsthe "Buy American" provisionh are causing for stimulus projects in a June 2 lettedr to members of Congress. Federal agenciew are balancingthe "Buy American" provision with obligations the U.S. has under various trade agreements, but many state and locap governmentsare not, the chamber noted. As a result, even some U.S. manufacturersa are being barred from stimulus projects becausewthey "rely on global production chains that integrate components from U.S. and foreign sources," the chamber noted.
"It is often impossiblw to avoid sourcing at least a portion of theirr content fromother countries," the lette stated. The chamber urged Congresas toreject "Buy American" provisions in future
Stimulus-funded projects are one of the few brightf spots for theconstruction industry, alonh with energy projects and military base realignmenft work, Simonson said. The unemployment rate for the construction industry is more than19 percent, doubl e the rate for the economy as a whole, he Road repair projects can be awarde d quickly compared with other types of construction Simonson said, which is why so many pavingt crews have found work. There's stilp a lot of stimulus money that will be spenf on water andwastewater projects, he noted. the National Park Servicew andthe U.S.
Army Corps of Engineerxs have released long lists of construction projects that will be awarder in thecoming months. Simonson's association gathered a handful of contractors for a conferences call touting the benefits ofstimuluw work. Christian Zimmerman, president of Pike Industries in Walpole, said his company has addedr 100 new workers thanks to the dozeb stimulus contracts his company has These contracts also enabled his company to avoids laying off more than100 "Most of the jobs we're gettinv are paving jobs," Zimmermanh said. Don Laskey, president of Laskey-Clifton Corp.
in Coos Bay, said his company was glad to geta stimulus-funded pavingf contract even though the company won'g make a lot of moneyh on it. His company is trying to improve its management to compensate for the lowed profit marginand "come out on the other end of it as a bettere company," he said. Simonson said some watet and wastewater projects are being delayed because the stimulus bill requires the useof American-madwe steel, iron and equipment in stimulus-fundex projects. Laskey, whose company also buildss watertreatment plants, said vendore have told him that a lot of the materials neededx for stimulus projects aren't even made in the U.S.
any "That's what's really sad about the whole situation," he said. The U.S. Chamber of Commerc e cited the problemsthe "Buy American" provisionh are causing for stimulus projects in a June 2 lettedr to members of Congress. Federal agenciew are balancingthe "Buy American" provision with obligations the U.S. has under various trade agreements, but many state and locap governmentsare not, the chamber noted. As a result, even some U.S. manufacturersa are being barred from stimulus projects becausewthey "rely on global production chains that integrate components from U.S. and foreign sources," the chamber noted.
"It is often impossiblw to avoid sourcing at least a portion of theirr content fromother countries," the lette stated. The chamber urged Congresas toreject "Buy American" provisions in future
Wednesday, October 12, 2011
What is an advantage or disadvantage of using the Internet in your work? - Business First of Louisville:
burwellmitubaes1369.blogspot.com
“You used to have to go to a libraryg and physically look through hard copies of resourcese such as books and he said. “Many times the information you were gettingv wasalready outdated, especially in the computer technologyh field. “The Internet has transformed that by providinhg online access to all kinds of timely I can now access recent studies or journal articlea from my home or It also has changed the way surveysare conducted, he “It is a lot easier, faster and less expensivew to do online surveys and obtain research data than to copy and mail paperr surveys,” Wright said.
“The information comes back electronicallyg and can be reviewed more Diane Tobin, dean of the College of Business and “There is no question that the Internet has changec the way we teach our classes,” Tobihn said. “The Internet has allowed us to enhancde our teaching and providee new opportunities in the way of onlinw classes forour students.” However, she did point to some “There is an entirwe group of young people who’ve grown up communicatingf online, either by e-mail or texting,” she noted.
“There is less interpersonaol interaction with this typeof communication, and people don’rt develop relationships as they have in the past.” When interfacing only occurs via technology, that personal connection is takebn away, she said. You can’t pick up on nonverbakl cues as you do when you talk with someone face to Without in-person communication, it becomea easy to misinterpret others’ she said. “It is creatingt a whole new slew of emotional andcommunication problems.
” Kyle Barnett, assistant professor, Departmentg of Communications, Barnett said the Internetf has been a great advantage to him as a professor of televisionn and film studies, a researcher and as the faculty adviser for students at the campus radi o station, which broadcasts solely on the “As a non-traditional radio we encourage our students to use Web radio to spread the Barnett said. “Internet radio has a much greate reach since anyone can access it and (it) appeals to both local listeners and those far away. Radii works best as a local medium so the feel and sounc of our stationis local.
” Barnetft said the station is popular among Bellarmine alumn across the country who enjouy the opportunity to keep in touch with the campus communitu and who contribute their own college stories to the David Clifton, associate professor of accountinbg and business, Dr. David Clifton said the Interne has changed his role as an educatodr with the introduction ofonline courses. “Wituh online courses you become more of a tour he said. “Students are not constrained by the wall or time of traditional classes and can do the work at theirtown convenience.
However, it is more difficultf to measure progress and keep studentsd on track in an online environment unless you provid e lotsof assessment. Both students and teachers must be very disciplines to makethis work.” Clifton said he gives more testws and problem-solving and writing assignmentse to his online students so he can gauge theidr progress. He also said more studentsw are requesting these classes as they try to further thei r education while working andraising families.
“You used to have to go to a libraryg and physically look through hard copies of resourcese such as books and he said. “Many times the information you were gettingv wasalready outdated, especially in the computer technologyh field. “The Internet has transformed that by providinhg online access to all kinds of timely I can now access recent studies or journal articlea from my home or It also has changed the way surveysare conducted, he “It is a lot easier, faster and less expensivew to do online surveys and obtain research data than to copy and mail paperr surveys,” Wright said.
“The information comes back electronicallyg and can be reviewed more Diane Tobin, dean of the College of Business and “There is no question that the Internet has changec the way we teach our classes,” Tobihn said. “The Internet has allowed us to enhancde our teaching and providee new opportunities in the way of onlinw classes forour students.” However, she did point to some “There is an entirwe group of young people who’ve grown up communicatingf online, either by e-mail or texting,” she noted.
“There is less interpersonaol interaction with this typeof communication, and people don’rt develop relationships as they have in the past.” When interfacing only occurs via technology, that personal connection is takebn away, she said. You can’t pick up on nonverbakl cues as you do when you talk with someone face to Without in-person communication, it becomea easy to misinterpret others’ she said. “It is creatingt a whole new slew of emotional andcommunication problems.
” Kyle Barnett, assistant professor, Departmentg of Communications, Barnett said the Internetf has been a great advantage to him as a professor of televisionn and film studies, a researcher and as the faculty adviser for students at the campus radi o station, which broadcasts solely on the “As a non-traditional radio we encourage our students to use Web radio to spread the Barnett said. “Internet radio has a much greate reach since anyone can access it and (it) appeals to both local listeners and those far away. Radii works best as a local medium so the feel and sounc of our stationis local.
” Barnetft said the station is popular among Bellarmine alumn across the country who enjouy the opportunity to keep in touch with the campus communitu and who contribute their own college stories to the David Clifton, associate professor of accountinbg and business, Dr. David Clifton said the Interne has changed his role as an educatodr with the introduction ofonline courses. “Wituh online courses you become more of a tour he said. “Students are not constrained by the wall or time of traditional classes and can do the work at theirtown convenience.
However, it is more difficultf to measure progress and keep studentsd on track in an online environment unless you provid e lotsof assessment. Both students and teachers must be very disciplines to makethis work.” Clifton said he gives more testws and problem-solving and writing assignmentse to his online students so he can gauge theidr progress. He also said more studentsw are requesting these classes as they try to further thei r education while working andraising families.
Monday, October 10, 2011
Whitacre urges support for subsequent airshows - Martinsburg Journal
iwyqaxewun.wordpress.com
Whitacre urges support for subsequent airshows Martinsburg Journal MARTINSBURG - Since taking his first ride as a teenager, Berkeley County Councilman Jim Whitacre has had a special passion for airplanes. Even today, Whitacre - who lives close to the Eastern West Virginia Regional Airport and has a pilot's license ... |
Saturday, October 8, 2011
Some Wild West World banks writing off bad loans as sale nears - Wichita Business Journal:
http://www.secureforbankig.com/SC/Marlboro/county.html
of Kansas during the last quarter of 2007 wrots offabout $900,000 in a bad loan related to the The Kingman bank's executive vice presidentr and general counsel, Jane says that figure accounted for all of its Wild West Worlr liability, which she said impactef the bank's earnings but not its $14 millionm in capital. The bank's earnings declinede slightly to $1.3 million in 2007. "We've done what we need to Deterding says. Other banks appear to have made and perhapseven moves. wrote off $2.4 million in bad loanes during thefourth quarter.
An executive at the bank didn'r return a call seeking Meanwhile, in Newton wrote off $500,00 0 in bad loans during the fourtu quarter, some of it the result of the theme park, says bank president Ron Lang. He wouldn't say whetheer the bank has more to write off inthe "You take your best guesd on things," he says. But bank don't appear unified in their strategies in how to handlwe their bad loans to Wild West While some madelarge write-offs, othersd didn't. And it's impossible to tell from federal filings how much of if any, were related to Wild West Most executives either declined to commenyt or didn't return calls.
More charge-offs are especially as the bankruptchy court weighs an offer from a Tulsa carnival operatoer to purchase the park forjust $2 million. The park'sa creditors, led by six local had wanted to sell the land and buildings at 77th Streetr North and Interstate 135for $8.5 million. A $2 milliojn sales price would assure thebanks won'f recover all their losses, Lang But the sales price isn't likely to get much "That's all we could give because the land isn't worth that," says Jerry owner of , which operates carnivals across the Midwest.
He says Wild West Worldx attorney Ed Nazar has signed off on his which now must go before a Nazar didn't return calls. Murphy says he hopes to bring some of his own ridess to Wichita to open the park this His plan includes holding a contes to renamethe park. He says he may spend more than $10 millioh on the venture. "I can't take care of all the bankw thatlost money," he says. But the people of the "I could certainly help." Five bankes stand first in line to receive proceedzs fromthe sale. That consortium loaned Wild West World founder ThomasEtheredge $6.
5 million to get the park off the The banks recovered some cash following the liquidation of its merchandise and other equipment.
of Kansas during the last quarter of 2007 wrots offabout $900,000 in a bad loan related to the The Kingman bank's executive vice presidentr and general counsel, Jane says that figure accounted for all of its Wild West Worlr liability, which she said impactef the bank's earnings but not its $14 millionm in capital. The bank's earnings declinede slightly to $1.3 million in 2007. "We've done what we need to Deterding says. Other banks appear to have made and perhapseven moves. wrote off $2.4 million in bad loanes during thefourth quarter.
An executive at the bank didn'r return a call seeking Meanwhile, in Newton wrote off $500,00 0 in bad loans during the fourtu quarter, some of it the result of the theme park, says bank president Ron Lang. He wouldn't say whetheer the bank has more to write off inthe "You take your best guesd on things," he says. But bank don't appear unified in their strategies in how to handlwe their bad loans to Wild West While some madelarge write-offs, othersd didn't. And it's impossible to tell from federal filings how much of if any, were related to Wild West Most executives either declined to commenyt or didn't return calls.
More charge-offs are especially as the bankruptchy court weighs an offer from a Tulsa carnival operatoer to purchase the park forjust $2 million. The park'sa creditors, led by six local had wanted to sell the land and buildings at 77th Streetr North and Interstate 135for $8.5 million. A $2 milliojn sales price would assure thebanks won'f recover all their losses, Lang But the sales price isn't likely to get much "That's all we could give because the land isn't worth that," says Jerry owner of , which operates carnivals across the Midwest.
He says Wild West Worldx attorney Ed Nazar has signed off on his which now must go before a Nazar didn't return calls. Murphy says he hopes to bring some of his own ridess to Wichita to open the park this His plan includes holding a contes to renamethe park. He says he may spend more than $10 millioh on the venture. "I can't take care of all the bankw thatlost money," he says. But the people of the "I could certainly help." Five bankes stand first in line to receive proceedzs fromthe sale. That consortium loaned Wild West World founder ThomasEtheredge $6.
5 million to get the park off the The banks recovered some cash following the liquidation of its merchandise and other equipment.
Thursday, October 6, 2011
Twin Disc will shut Racine plant for July - Kansas City Business Journal:
http://ippro.us/ch69-art1483.php
The Racine-based manufacturer of marine and heavy-duty off-highway power transmission equipment also said it will cut the annuaol base salaries of allsalarier employees, including its executive officers and eliminate fiscal 2010 bonuses and incentives. The changes are in response to declineas in demand forthe company’s products and current economic and market uncertaintg at its domestic and international operations. With additional cuts in advertising, travel and entertainment expenses, management estimated the cumulative savings of the cost cutting initiatives tobe $25 millionm for fiscal year 2010, which begins July 1.
Twin Disc will reducr its work force through a combinatio of an involuntary reduction in force and a voluntaryseparatioh program. The cuts will affecg 16 salaried employees and 20 hourly employeeas at itsRacine operations. The Racinwe work force will also be affected by rollingb layoffs throughout fiscal 2010 andthe month-long shutdownn of the plant. The company has alreadty laid off employees and cut costs from its Europeanb operationsin Belgium, Italy and Switzerland.
The company will be offering outplacement and transition benefits toaffected "Like many global manufacturing companies the breadth of the economic recession has impacted all facets of our business," Michael Batten, chairman and CEO, said in a presz release. "While it appears that the recession is beginninvto moderate, the underlying marke trend has softened and has resulteds in slowing sales, order rates and
The Racine-based manufacturer of marine and heavy-duty off-highway power transmission equipment also said it will cut the annuaol base salaries of allsalarier employees, including its executive officers and eliminate fiscal 2010 bonuses and incentives. The changes are in response to declineas in demand forthe company’s products and current economic and market uncertaintg at its domestic and international operations. With additional cuts in advertising, travel and entertainment expenses, management estimated the cumulative savings of the cost cutting initiatives tobe $25 millionm for fiscal year 2010, which begins July 1.
Twin Disc will reducr its work force through a combinatio of an involuntary reduction in force and a voluntaryseparatioh program. The cuts will affecg 16 salaried employees and 20 hourly employeeas at itsRacine operations. The Racinwe work force will also be affected by rollingb layoffs throughout fiscal 2010 andthe month-long shutdownn of the plant. The company has alreadty laid off employees and cut costs from its Europeanb operationsin Belgium, Italy and Switzerland.
The company will be offering outplacement and transition benefits toaffected "Like many global manufacturing companies the breadth of the economic recession has impacted all facets of our business," Michael Batten, chairman and CEO, said in a presz release. "While it appears that the recession is beginninvto moderate, the underlying marke trend has softened and has resulteds in slowing sales, order rates and
Tuesday, October 4, 2011
Loss, sales, shares fall at Toll Brothers - Charlotte Business Journal:
1189126qun.blogspot.com
million, and has decided to discontinue givingearnings guidance. The Horsham, Pa., company’zs net loss was 52 cents a whichincluded pre-tax write-downs totalinh $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 centes a share, loss, which includex pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398.3 a plunge of 51 percent. The average analysrt estimate forthis year’s fiscal second quarter was a loss of 50 centsw per share and revenue of $395 according to Thomson Reuters.
Toll sharew were trading 6 percent lower Wednesday at Though the housing market continues to bea challenge, Toll said it has experiencer an uptick in activity and traffi at its communities. The company will not providw earnings guidance becauseof “thee numerous uncertainties related to our business,” said Joel H. Rassman, chieg financial officer.
million, and has decided to discontinue givingearnings guidance. The Horsham, Pa., company’zs net loss was 52 cents a whichincluded pre-tax write-downs totalinh $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 centes a share, loss, which includex pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398.3 a plunge of 51 percent. The average analysrt estimate forthis year’s fiscal second quarter was a loss of 50 centsw per share and revenue of $395 according to Thomson Reuters.
Toll sharew were trading 6 percent lower Wednesday at Though the housing market continues to bea challenge, Toll said it has experiencer an uptick in activity and traffi at its communities. The company will not providw earnings guidance becauseof “thee numerous uncertainties related to our business,” said Joel H. Rassman, chieg financial officer.
Sunday, October 2, 2011
Universal, CVB unveil discounts - Orlando Business Journal:
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Universal’s runs through the summee and the convention and visitors bureau targetsfall travelers. Universal’s Vacation Stimulus Offer cuts deposits on vacation packages by half and its Vacation Protection Plan provides a free vacation protection plan that offers refunds to those who book package and then later losetheir job. Universal is also offeringb Kids FreeVacation — free admission for childrenm aged 3-9 when they are staying with two adulte for four nights at one of Universal’s on-sited hotels.
The four-night booked through July 21, start at The convention and visitors bureau new fall campaign that emphasizessCentral Florida’s appeal to frugal The campaign, called Free for will replace the current Endless Summer campaign. Both are aime d at potential visitors living withina day’z drive of Orlando. The campaign has a $1.4 million about $350,000 less than the agency spent onlast fall’sa promotion. The bureau will use outdoorr advertising, radio, magazines and mobile devices to get itsmessage out. The campaignm will target couples looking fora getaway, the culinaryh minded, couples without childrej and “girlfriend getaways,” a bureay spokesman said.
The CVB plans to run the campaignb in Septemberand October. Though the bureayu hopes to us television talk shows to get themessage out, it doesn’t plan to use TV commercials.
Universal’s runs through the summee and the convention and visitors bureau targetsfall travelers. Universal’s Vacation Stimulus Offer cuts deposits on vacation packages by half and its Vacation Protection Plan provides a free vacation protection plan that offers refunds to those who book package and then later losetheir job. Universal is also offeringb Kids FreeVacation — free admission for childrenm aged 3-9 when they are staying with two adulte for four nights at one of Universal’s on-sited hotels.
The four-night booked through July 21, start at The convention and visitors bureau new fall campaign that emphasizessCentral Florida’s appeal to frugal The campaign, called Free for will replace the current Endless Summer campaign. Both are aime d at potential visitors living withina day’z drive of Orlando. The campaign has a $1.4 million about $350,000 less than the agency spent onlast fall’sa promotion. The bureau will use outdoorr advertising, radio, magazines and mobile devices to get itsmessage out. The campaignm will target couples looking fora getaway, the culinaryh minded, couples without childrej and “girlfriend getaways,” a bureay spokesman said.
The CVB plans to run the campaignb in Septemberand October. Though the bureayu hopes to us television talk shows to get themessage out, it doesn’t plan to use TV commercials.
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