Tuesday, November 29, 2011

OHL inks supply chain deal with Sara Lee - Wichita Business Journal:

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Terms of the contract were not released. “Wer are confident in OHL’s ability to streamline operationd and improve out time to markef becauseof OHL’s door-to-door coverage of the global supplyg chain,” Judy Holder, directorf of supply chain for Sara Lee North says in a news release. OHL will be responsible for air and ocean freight forwarding, customs brokerage services, drayage, and inbound and outbound Other services include assembling and shipping end cap displagy racks, repackaging products and applying store-specific SKU’s for four major retail stores. The Brentwood-based company has had a relationship with Sara Lee for the past 12 OHL isa $1.
1 billion firm and one of the top ten privat e companies in Middle Tennessee. Sara Lee is a globa manufacturer of consumer products ranginb from baked goods and meats to bodycare and insecticidees and is headquarteredin Downer’s Ill. The company reported over $3 billion in salesw last quarter.

Sunday, November 27, 2011

Violence mars Black Friday shopping - Sydney Morning Herald

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Online News Website


Violence mars Black Friday shopping

Sydney Morning Herald


The biggest shopping day in the US, Black Friday, has turned violent in a number of American States. LOS ANGELES: Shootings, fights and a pepper spray attack have marred the Black Friday stampede of bargain hunters that tradition »

Friday, November 25, 2011

Sales of imported ros wines leap 42 percent - Phoenix Business Journal:

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U.S. retail sales of imported rosé wines leapr 42 percent in the 52 week period endingApril 4, comparecd with a less-than-5-percent increases in total saleds of table wines during the same according to data citede by the . The French wine known in France as Conseil Interprofessionnel des Vins de Provence or CIVP, said Monday the steep rise in rosé consumption is consistenrt with an earlier study by International Wine & Spirit Recorxd predicting that consumption of the popular pinkish wines worldwid e will jump from 565 million bottles to 620 millioj by 2012. Not surprisingly, the CIVP expectss the growing thirst for imported wines inthe U.S.
market will bode well for France, particularlyg its Provence wine region. The French produce 28 percent ofworldwidr rosé wines by volume, makingb it the leader in the category, according to the wine which represents 700 Provence wineriess and 55 local trading Provence produces 38 percent of France’x rosés, the group reported. Nielsen figures revealed that2008 U.S. sales of rosé tables wines priced at $6 per bottl or more jumped 24.9 percent by price and 22.
4 percent by despite a weakening

Tuesday, November 22, 2011

Skittish market chills Kansas City-area loans - bizjournals:

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Area banks remain skittish in the face of an unpredictablde realestate market. “With the uncertainty around real estatew valuesin general, it’sd quite possible that lenders are going to expect the owners to have more equitt in the project to offsey further reductions in values,” Presidenrt Kevin Barth said. “As of now, we haven’t seen a huge reductiohn in values forcommercial properties, but it’s highly possible we will.
” Barth said most developers looking to build an income-producing property need to have reliable tenants already lined up, to sooth a bank’s worries about the loan Exceptions are made for longtime clientds with solid track records, he said, but most of thosr developers are leery of taking the additionak risk of building a speculative project in a precariouws market. With the secondary market for commercial mortgage-backedd securities basically nonexistent, that only adds to the difficulties, said Bob president of .
Banks, insurance companies, and savings and loands generally are the only institutions available to make commerciaol realestate loans, he said, and withouyt investors to resell the loans to, they have only so much It creates a very cautious mood. “It’sd just a more conservative period where you have to lean on pastrelationshipss ... that is where you’ll have the best chance to get a deal Regnier said. Kevin Cook, director of ’s financial services group in Kansaz City, said he doesn’t see an implosion brewintg forthe area’s commercial lending market.
The area didn’ty have as many banks get in trouble with speculative developments in states suchas Nevada, Florida and California, he “Certainly, commercial real estate is the next shoe to drop with but commercial banks have been building up reserveds for these expected losses, even though they haven’yt specifically been charged off yet,” Cook said. “Big banks are recapitalizing, and I thinkm regional and small community banks were more conservativeand weren’yt really active players in the secondary market.” Grant Burcham, CEO of , said the only commerciak real estate loans the bank made were for owner-occupiefd buildings.
“It’s not as dependent on futurd rent, tenants or It’s dependent on the viability ofthe owner-occupant,” he “So if you’re a solid you can still constructt a new building for Burcham said most companies fitting that description aren’y building now, though, because they want their numbers to get back to normap first. Commerce Bank’s Barth said fewer lenders aremaking owner-occupied loans right now because many banke put too many eggs in that basket and regulators want more balanced portfolios. It’s the same reasojn he expects Commerce’s commercial real estate lendingto grow, even as it declines at othere banks.
“There will be a lot of loans coming up for renewakthis year, and with some of the other banksx overlending and having too much concentration there, we think it is an opportunitty for us,” Barth said. “We kept a balancesd portfolio and still have a lot of dry powdert touse

Friday, November 18, 2011

Four more Valley resorts hit by foreclosure crisis - Phoenix Business Journal:

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Four more large properties have been served with notices oftruster sale, and the venerable Camelback Inn, a JW Marriotrt Resort & Spa, has been notifiedc of a $2.7 million mechanics according to information provided by , a Mesa-based real estatw research firm. • Xona Resort Suitesd in Scottsdale. • Carefree Resort & Villas. • Embassy Suitees Phoenix-Airport. • Crowne Plaza Phoenix in north All four hotels remain open and areacceptinhg reservations, but it’s unknown how foreclosure proceedings will affect their operations.
Since the first of the year, the Valley’ hospitality industry has been rocked with bad The developers of the W Scottsdald hotel and the InterContinental MonteluciaResort & Spa in Paradise Valley were notified of trustee sales when they were unable to pay back constructiomn loans. Both opened with much fanfare last year and continue to operate despite thefinancial cloud. Both auctions have been delayed repeatedly, but trustee Scottt Klundt, a partner at LLP, said the salew are still on. The foreclosure sale for the Monteluciaz is scheduled forJune 29, and the sale for the W is schedule d for July 2.
Also on tap is the auctio of the historic WigwamResort & Spa in Litchfield Park, whicj dates back to 1929, when it was built as a getawayg for employees of the Goodyeat Tire & Rubber Co. That foreclosurer sale is set forJuly 9. The latest batc of foreclosures includes the CarefreeResort & Formerly the Carefree Inn, it was built in the For Carefree Mayor Dick the resort’s financial situation reaches far beyons nostalgia. “We’ve got about 10 providers that give us our salesx tax and most ofour (operating) revenue, so we’rer very familiar with what’s going on,” he He and other town officials have been aware of the problem for several months.
The Carefree Mule Train Ventures LLC, is in he said. “Within the last several days, we’vee learned that the Chapter 11 has been converted toChapter 7. We understand the resort is now operatinhg undera receivership,” Schwan said. Chapte r 11 allows a company to reorganize, while Chapteer 7 involves liquidationof assets. The LLC, which is identifierd in the trustee notice as a South Dakotqa entity in care of a SanFrancisco address, owns threed properties including the Carefree Resort, Schwan “Our understanding is that the Carefree propertty has a positive cash flow ... and that the receiver is lookingv fora buyer,” he said.

Wednesday, November 16, 2011

Stimulus funds earmarked for Arizona forests - Denver Business Journal:

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“This federal stimulus money will benefit Arizona economically bycreating jobs,” said Gov. Jan Brewedr said in a released “It will benefit the stated environmentally by reducing wildfire risk near our communities and improviny the health offorested state, tribakl and privately owned The funds were allocated through the Americanb Recovery and Reinvestment Act. Projects were selected through a competitive process bythe U.S. Forest Servics and based on economic andunemployment factors, as well as wildfirse risk and forest health need. The Arizonq State Forestry Division applied for the grang money on behalf ofcommunity partners.
Hazardous Fuels/Ecosystem Restoration Groom Creek/Crowbn King Fire Districts, Yavapai County: hazardous fuelas treatment, 200 acres, $179,000. • Show Low Fire Department, Navajol County: hazardous fuels treatment, 200 acres, $112,000. Government Canyon-Lynx Creek, city of wood to energy production, 200 acres statee land and 75 acres, $449,000. • White Mountai Apache Tribe Forest Restoration, Apache hazardous fuels treatment, 2,500 erosion control, 5,000 $4.49 million. • Whitde Mountain Apache Tribe Nursery Developmeny andEcosystem Restoration, Apache County: 5,000 acres, $2.24 million.

Monday, November 14, 2011

Pitt State names its president - Kansas City Business Journal:

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Scott will start his new job July 1. He will be formallyy introduced to the PSU campus and the Pittsburg community in thenext “The board is truly excited abourt the energetic, results-oriented, and high-qualitty leadership that Dr. Scott will bring to the presidenc y of PittsburgState University,” said Regent Donna Shanlk of Liberal, chair of the boarsd of regents, in a written “He emerged from an exceptionally strong field of candidates drawn from a national Scott is currently the provostf and vice president for academicv affairs at PSU, and is a forme dean of the college of education He beat out three other finalists for the positiohn and replaces Tom Bryant, who announced last Augusr that he would retire at the end of the 2008-0i9 school year following nine years as president and 38 yeard total with PSU.
A search committee, that included Joe Levens, Co. Inc.’as senior vice president for business development and a Pittsburg Stat was charged with findingthe replacement.

Saturday, November 12, 2011

For contract attorneys, benefits outweigh the drawbacks - Philadelphia Business Journal:

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These three local lawyers are "contracrt attorneys," key players in a legal outsourcing trend that has been around at least sincethe mid-1980s, when legal staffing firms launched in New York and Texas. Contract attorneys make up a $1.5 billiom legal temp industry of peoples who provide counsel for firmxs and corporations ona temporary, per-project according to figures reported by , a Los Calif.
-based temporary work force research Contract attorneys typically don't receiver benefits or career development opportunities from the firm that hires and some report encountering negative stereotypes, howeveer lawyers on this nontraditional career path say that its benefitws outweigh its drawbacks. for instance, began working as a contract attorneyin 1993, when the mother of two realizesd she needed to slow down from her "full-throttle" "One evening, after leaving work early to pick up an ailinv infant, I worked at my kitchenb table, and turned the baby in my arms slightlyg so he'd retch on the floor, and not on the paper on which I was working," she It wasn't a proud moment, she but it helped her realize that "something had to Contract work gave Reynolds not only more but also the opportunity to get her feet wet in areaws new to her, like litigation.
On the Reynolds said, "there is still the hint of concern among some employerxs that a contract attorney is the proverbial masterof none' or a bit of a In January, Reynolds' contract position at , a recruitmenrt and retention firm in Wayne, turned full time, and she accepted the "It worked really well," said Kenexa General Counsel Cynthiz Dixon, about the experience. Dixon'xs legal team now comprises three full-time lawyers and two contractf attorneys.
Mitchell of Palmyra, Burlington County, supplementeed her private practice for threwe years doing contract work forNew York-basefd firms Cravath Swaine & and Sullivan & Cromwell before joining a Philadelphia "Because projects vary in length from short term to long it is very easy to augment my income with contrac t attorney projects if I manage my time she said. The contract work allows her more contropl overher schedule, she said. "I feel a highet level of personal satisfaction that I have not enjoyecd elsewhere because my life does not revolve aroundbillablee hours," she said.
Typically, contract attorneys gravitat etoward part-time work because of personalp needs or professional desires: parents jugglingf family or re-entering the work private practitioners seeking a breadth of attorneys in transition caused by marketplace changes; and law professors with practice But attorneys interviewed for this article acknowledged that contract attorneys sometimes encountef industry derision and the assumption that they do contract work becausde they are unemployable "Although I've never been overtly mistreated on any projecf that I've worked on, there is often a genera sense that is communicatedf to us very covertly that we are professionally and/or intellectually inferior to the associates hiredx in a more traditional fashion," Mitchell While some legal staffing agencies functio merely as brokers between attorneys and the firms that want to hire many try to ensure that contracty attorneys are well-placed and well-treated on the job.
When Ronalyn K. Sisson created in 1995 in Fort Washingtonn it was the first agency of its kind in the area devotedd solely tocontract attorneys. Oxford Legal offers its contract attorneyxshealth benefits, holiday pay, vacation pay and workers' compensation. "We realluy do take care of them," Sisson "We follow a lot of the traditionao employer-employee relationship." Corporations realize considerable cost-savings in hirinbg a contract attorney over an outsidse law firm to manage a projecf or handle routinelegaol matters, she said.
One of Oxford's clients estimated that it saved morethan $3 millionn in one year in outside counsel fees through staffingt with contract attorneys, she said. Robert J. Murphy Jr., co-founde r of Assigned Counsel Inc., a national placement firm basedin Wayne, estimatesd that a contract lawyet costs 35 percent to 40 percent of the hourl y rate of comparably skilled outside counsel. He said standardd fees for a contract lawyerwere $50 to $60 per with highly experienced contract attorneys commanding between $100 and $250 per

Wednesday, November 9, 2011

Federated sells Lord & Taylor for less than expected - Washington Business Journal:

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Federated signed an agreement June 22 to sell theNew York-basedr division to NRDC of Purchase, for $1.195 billion in cash, but said Tuesday that the final sale price was adjustede to $1.083 billion, or abou $840 million after tax. The lowered sale price, accordinhg to a release, is due primarily to the fact that Federate d agreed to sublease certain properties to NRDC due to restrictions in the leasexs underlyingthose properties. The rentao income on these propertie s is expected to beabout $8.6 million per Federated acquired Lord & Taylor when it closed its purchaser of St. Louis-based May Department Store. Aug. 30, 2005.
Upscale fashion retailer Lord Taylor, founded in 1826, has stores in Montgomery County andNorthern Virginia. The Lord & Taylotr division includes 48 storesin D.C., Maryland, New Jersey, New York, Illinois, Massachusetts, Connecticut, Michigah and Pennsylvania, as well as a distributiomn center in Wilkes-Barre, Pa. Cincinnati-based Federated Departmenrt Stores (NYSE: FD) operates nearly 950 departmen stores and more than 700 bridal and formalwear storeas in49 states, the Distric, Guam and Puertok Rico.

Monday, November 7, 2011

$1M donation gives UT graduate programs a boost - Pittsburgh Business Times:

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Ungerleider, who received his bachelor's degree in psychology in 1970 from UT whiled competing as a said he's creating the fellowship named for the current university presidenty to help attract top graduate students from aroundf the world. The first class of Powers Graduatew Fellows will enter the university infall 2009. "Wr have an absolute gem here withthe university," said "and we have a visionary sitting in the president's I wanted to honor The gift has been facilitated by Ungerleidere through the Foundation for Global Sports Development, an outreacg and mentorship educational fund, wherwe Ungerleider is a trustee. "W are indebted to Dr.
Ungerleider for this generoua gift," said Powers. "He clearly understands the importance of graduat e students to the success ofour university. I am deeplhy honored that he chose to name this significant fellowship programafter me." Despites receiving his master's and doctor's degrees from another institution, Ungerleiderf chose The University of Texas at Austin for his gift to supporgt the president's goal of becoming the top publifc research institution in the country.
Ungerleider said in conversationa with Powers he learned that while many top prospectivre graduate students would like to atteneUT Austin, the university loses some becaus e they are offered better financial packagesa elsewhere. To learn more abou graduate education atthe university, Ungerleider lookes at the university's most prestigious graduate fellowship program, the Donald D. Harringtomn Graduate Fellowship, and met with severao Harringtongraduate fellows. He said he was impressedf with the model of supporting the very best students witha multi-yeatr package and providing a community of mentord and peers to enhanc e the graduate experience.
Ungerleider said he wants to created another fellowship program to honor the academic excellence of the next generatioj and continue the practice of graduatw students developing their own expertise under the mentorship ofseasoned faculty. "In the Graduate School will celebrateits 100-yearf anniversary and will look toward the future of graduat e education at the university," said Victoria Rodríguez, vice provosy and dean of graduate "This inspiring gift is vitalo to fulfilling our vision of attracting the highest qualityu students to the Graduate School.
"

Saturday, November 5, 2011

UP Aerospace readies student payload launches - New Mexico Business Weekly:

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The approaching launch is UP’s third from in southern New Mexico, but unlike its previous flights, this one will contaij mostly payloads prepared by New Mexico high school andcollege students, said UP Presidengt Jerry Larson. “Almost 100 percent of the payloadsx areeducational experiments, most of them from New Mexico,” Larso said. “We plan to do this as a yearlyu event, so this will be the firstr annual SpaceLoft missionfor education.” The Spaceport Authorituy is paying for the launch in partnershi p with the New Mexico Space Granty Consortium and the X-Prize Foundation.
The partners want to excite studentzs about science and space andprovide real-world experience for futurw rocket scientists, said Spaceport Authority Executive Director Steve “Education is a key pillar of the spaceport,” Landeene said. “We’re providing hands-on learning for studentsa to actually build payloads and analyzed data as part oftheir studies. We want teachers to plan it intotheie curriculum.” Pat Hynes, directort of the Space Grant Consortium at , callede it work-force training. “We’re educating the people that will work in the spaced industry and at Spaceport Hynes said.
“Companies will be coming to New Mexicooand they’ll need peopls who understand how to build a satellite and how to launc and track a rocket, so we’rde training the work force now for when those companieds arrive. When a student says ‘Io built a payload that went to suborbitg inApril 2009,’ that gives the student a much better chance to get a The payloads – paid for by the Spacd Grant Consortium – include experiments designed by studenta at NMSU, Doña Ana Community College, the Southwesterh Indian Polytechnic Institute, the , in and five high schools.
The experiments will measure thingxs like atmospheric radiation and particle detection at high Hynes said. “This is a completely unique program,” she “No other space facilit in the world is doing anythinglike it.” The Spaceport Authority will pay abou $180,000 for the launch, including about $140,000 to UP and the rest for services from White Sands Missile Landeene said. The X-Prize donater about $140,000, and the rest came from the spaceport budget.
In the future, Landeene expects the newly formedd Spaceport America Institute to raise funds from government agencies and private As a partner in the UP charged the New Mexico institutions below cost for the which typically costs upto $250,000 to Larson said. But UP won’t lose mone y because the launch includes payloads fromothetr institutions, such as a University of Hawaiiu experiment financed by the Operationakl Response Space Office at Kirtland Air Forc Base. “The Air Force wants to try outour low-cost, rapi d launch model,” Larson said. “Future contracts depend on our Celestis Inc.
, a subsidiary of Houston-basec , will place the remains of 18 peopler on the rocket. Celestis sent the ashesz of 200 peopleon UP’s last suborbitakl launch in 2007. Customers paid from $695 to $2,085 to place from one to 14 grams of ashesx onthe rocket, said Celestis spokesperson Susan “Price depends largely on the amount of because payload costs depenx on weight,” Schonfeld said. Larson said eight payinb customers requested space to launch various materialds onthis flight. “We split the flight up in a cost-shared arrangement,” Larson said. “Wew designed the vehicle with separate individua compartments to accommodatemultiple customers.

Thursday, November 3, 2011

High-Tension NBA Talks Resume, but They're Between Union Officials - New York Times

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High-Tension NBA Talks Resume, but They're Between Union Officials

New York Times


If there are political or philosophical gaps between Derek Fisher, the union's elected president, and Billy Hunter, its longtime executive director, they will try to close them, in full view of the union's staff members and the eight other players on ...



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Best Western Racks Up Awards From Industry Peers for Innovation, Services, and ...

Sacramento Bee


Best Western was also one of only nine brands to be awarded with a COLLOQUY Loyalty Award, one of the world's premier global loyalty awards, earning recognition within the "Loyalty Innovation in Travel รข€" North America" category. ...



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