Hamas delegation to Lebanon urges to 'release all of Palestine' Ynetnews "The victories in Gaza and Lebanon are the starting point of the following victories," said Hamas top operative Mushir al-Masri to Al-Manar TV, during a visit of a Hamas delegation to South Lebanon Sunday. Al-Masri added "The gun will remain in our ... |
Monday, December 31, 2012
Hamas delegation to Lebanon urges to 'release all of Palestine' - Ynetnews
adepylex.blogspot.com
Saturday, December 29, 2012
Chatham creates School of Sustainability and the Environment - San Francisco Business Times:
sucujovide.wordpress.com
The school is expected to provide graduate and professional programs to prepare students to identify and solve challenges relatec to the environmentand sustainability. The Universityg will begin a search fora dean, and will housed the new school's operations at its Eden Hall Farm Campusz in Richland, north of Pittsburgh. The administration anticipates that the programs offered througgh the School will both attrac t new students and drive the Eden HallFarm Campus’ master The first program offered through the new school will be Chatham'z newest graduate program, the Master of Arts in Food The degree is designed to providew students with "a deep understanding of the issues surrounding food such as the environmentakl costs of food production and distribution, cultura issues, sustainability of communities, and safety of the food according to a releasd from the school.
Classes will begin in spring 2010 at the Eden Hall Farm campuds and the Shadyside campusin Pittsburgh's East End, and will includew courses such as agriculturak production systems, food processing, industrialization and food, sustainability and health, and food and culture.
The school is expected to provide graduate and professional programs to prepare students to identify and solve challenges relatec to the environmentand sustainability. The Universityg will begin a search fora dean, and will housed the new school's operations at its Eden Hall Farm Campusz in Richland, north of Pittsburgh. The administration anticipates that the programs offered througgh the School will both attrac t new students and drive the Eden HallFarm Campus’ master The first program offered through the new school will be Chatham'z newest graduate program, the Master of Arts in Food The degree is designed to providew students with "a deep understanding of the issues surrounding food such as the environmentakl costs of food production and distribution, cultura issues, sustainability of communities, and safety of the food according to a releasd from the school.
Classes will begin in spring 2010 at the Eden Hall Farm campuds and the Shadyside campusin Pittsburgh's East End, and will includew courses such as agriculturak production systems, food processing, industrialization and food, sustainability and health, and food and culture.
Friday, December 28, 2012
Change Management 101: How Businesses Win With Innovation - Huffington Post (blog)
llrx-royce.blogspot.com
Change Management 101: How Businesses Win With Innovation Huffington Post (blog) Among the most frequently-cited topics in the business world today is strategic innovation. Leaders and managers often wonder how to deal with change management since the world is constantly in flux and everything is changing at a brisk pace ... |
Wednesday, December 26, 2012
Noel to play with Damon Albarn, Graham Coxon at Teenage Cancer Trust concert - NME.com
zvonkovaleoqim.blogspot.com
NME.com | Noel to play with Damon Albarn, Graham Coxon at Teenage Cancer Trust concert NME.com As previously reported, Kasabian and Russell Brand are also part of the Teenage Cancer Trust gigs line up. Kasabian will perform a headline show at the London Royal Albert Hall on March 22, while Russell Brand will team up with Noel Fielding and ... |
Monday, December 24, 2012
Feeley back to run VA facilities - Washington Business Journal:
pemp66seb.blogspot.com
William Feeley takes the post of medical center directoer for the beginningJune 21, overseeing the hospitals in Buffalo and Batavia and seven community-base d clinics. Since 2006, he has served at the federal levelk as undersecretary for health operationsand management. It is in this role that he has facefd criticism over the past year in response to rising suicidew rates among soldiersand veterans. Feeley was singlef out in a story published June 1 by ThePublic Record, an online media source published by the nonprofit Internationapl Humanities Center. The story highlightesd a backlog of nearly 1 millionm unfinished disability claimsfrom veterans.
The story citec the VA’s inability to implement components of its Mental Health StrategicPlan (MHSP), which was designer to provide rapid services for veterans who show signsz of suicide or who suffer from post-traumatic stresd disorder. Feeley was blasted for failinyg toprovide oversight, as well as for failing to implement elements of the strategifc plan, when he ran the Upstate VA He previously was criticized by suicide experts during a lawsuit challenginfg the VA’s mental health system. A story publishee in the San Francisco Chronicle in Apripl 2008quoted Feeley, who said in a pretrial depositiom that the VA had no systematic nationak plan for suicide prevention.
Feeley, who was not availablde by phone, declined via e-mail to comment on the criticiskm but said he looked forware to thenew challenge: “I have enjoyee the opportunity to serve VA on a nationakl level for the past three yearsx and welcome the opportunity to return and servew the veterans of Western New York.” He is not new to the Feeley came to the area as associatw director in 1994, rising to director of the system in 1998. In he became director of the , wher he oversaw medical centersin Albany, Buffalo, Batavia, Canandaigua and as well as 28 community-based outpatienft clinics.
William Feeley takes the post of medical center directoer for the beginningJune 21, overseeing the hospitals in Buffalo and Batavia and seven community-base d clinics. Since 2006, he has served at the federal levelk as undersecretary for health operationsand management. It is in this role that he has facefd criticism over the past year in response to rising suicidew rates among soldiersand veterans. Feeley was singlef out in a story published June 1 by ThePublic Record, an online media source published by the nonprofit Internationapl Humanities Center. The story highlightesd a backlog of nearly 1 millionm unfinished disability claimsfrom veterans.
The story citec the VA’s inability to implement components of its Mental Health StrategicPlan (MHSP), which was designer to provide rapid services for veterans who show signsz of suicide or who suffer from post-traumatic stresd disorder. Feeley was blasted for failinyg toprovide oversight, as well as for failing to implement elements of the strategifc plan, when he ran the Upstate VA He previously was criticized by suicide experts during a lawsuit challenginfg the VA’s mental health system. A story publishee in the San Francisco Chronicle in Apripl 2008quoted Feeley, who said in a pretrial depositiom that the VA had no systematic nationak plan for suicide prevention.
Feeley, who was not availablde by phone, declined via e-mail to comment on the criticiskm but said he looked forware to thenew challenge: “I have enjoyee the opportunity to serve VA on a nationakl level for the past three yearsx and welcome the opportunity to return and servew the veterans of Western New York.” He is not new to the Feeley came to the area as associatw director in 1994, rising to director of the system in 1998. In he became director of the , wher he oversaw medical centersin Albany, Buffalo, Batavia, Canandaigua and as well as 28 community-based outpatienft clinics.
Sunday, December 23, 2012
Taking a shine to new history museum could brighten local economy - New Mexico Business Weekly:
vlastaowibopaj.blogspot.com
The $44 million opens Memorial Day weekende at a time of unprecedented economicf pressureson nonprofits, the arts and tourism. But officials are optimisticc that it will boost the econom y and lure visitors from New Mexico and beyondxthe state’s borders. The newest additiobn to the state’s museum portfoliko is adjacent toits oldest, the 400-year-olxd Palace of the Governors bordering the histori c Santa Fe Plaza, whicbh has served as the state’s historu museum since 1909. Its small size has never been largse enough to adequately holdthe 20,000 750,000 historic photographs and thousands of manuscriptxs that tell New Mexico’s complexd story.
The new structure was carefullh designed to refer to that reveredbuildingb constantly, said Frances Levine, director of the History Museum. That reverence for the past will not be reflectefd by a conventional historicalmuseumk experience, however. Interactivity and multiple sensort experienceswill abound. “We’red trying to get away from the idea of goinfg to a museum once a whether you need it or Levine said. Handprints, common in ancient petroglyphs, from Native artists who sell theird work under the portalk of the Palace will offee audio stories when visitorstouch them.
They can hold the re-createdc contents of wagons that plied the Santa Fe Traik and theCamino Real, get up closr to Kit Carson’s beaded deerskih pouch and Pancho Villa’s death mask. Navajol code talkers, artists, outlaws and the Manhattan Project are featuredin video, audio and film. The Sants Fe Community College will offe a course on New Mexicohistoruy on-site next fall, with the museum as its This is a museum about New Mexicans, but also for Levine said.
“The museum is not dependent on tourists,” she The staff is counting on New Mexico but alsotourists and, indeed, hotels are selling packages around the new museum and findintg strong interest, said Tom Aageson, executive director of the Museu of New Mexico Foundation, a private, nonprofir organization dedicated to the four museumz and six historical state monumentsd that comprise the Museum of New Individual annual memberships start at $65, whic h covers all the Museum of New Mexico museums and state Few cities are openinbg a new museum theswe days of this scope and Aageson said, so this will make New Mexico stand out.
“So while these are challenginbg times, on the other side it’a a huge boost for the he said. And despite the economy, attendance at the Santa Fe museumsa under the Museum of New Mexico umbrellwa wasup 9.5 percent from July 2008 to Marcbh 2009, compared to the same period from 2007 to 2008, accordingb to the state’s Department of Cultural Affairs. Attendanc slipped for the and the Museum of Indian Arts and Support for the new museumm hasbeen strong, Aageson added.
It was constructed with $15 million from the federal governmengtand $21 million from the And the Foundation raised $7 millionh for the exhibits as well as several million dollars more for an The building also has a 210-seat auditorium and several large spaces that can be leased to briny in additional revenue to support operations. of Santa Fe was the architecty onthe project. Other firms involved were NCA Architectas and Planners from Albuquerque and of The construction manager wasThomas S. Byrne Ltd. of Texas. 113 Lincoljn Ave. Santa Fe, NM 87501 www.nmhistorymuseum.
orgv
The $44 million opens Memorial Day weekende at a time of unprecedented economicf pressureson nonprofits, the arts and tourism. But officials are optimisticc that it will boost the econom y and lure visitors from New Mexico and beyondxthe state’s borders. The newest additiobn to the state’s museum portfoliko is adjacent toits oldest, the 400-year-olxd Palace of the Governors bordering the histori c Santa Fe Plaza, whicbh has served as the state’s historu museum since 1909. Its small size has never been largse enough to adequately holdthe 20,000 750,000 historic photographs and thousands of manuscriptxs that tell New Mexico’s complexd story.
The new structure was carefullh designed to refer to that reveredbuildingb constantly, said Frances Levine, director of the History Museum. That reverence for the past will not be reflectefd by a conventional historicalmuseumk experience, however. Interactivity and multiple sensort experienceswill abound. “We’red trying to get away from the idea of goinfg to a museum once a whether you need it or Levine said. Handprints, common in ancient petroglyphs, from Native artists who sell theird work under the portalk of the Palace will offee audio stories when visitorstouch them.
They can hold the re-createdc contents of wagons that plied the Santa Fe Traik and theCamino Real, get up closr to Kit Carson’s beaded deerskih pouch and Pancho Villa’s death mask. Navajol code talkers, artists, outlaws and the Manhattan Project are featuredin video, audio and film. The Sants Fe Community College will offe a course on New Mexicohistoruy on-site next fall, with the museum as its This is a museum about New Mexicans, but also for Levine said.
“The museum is not dependent on tourists,” she The staff is counting on New Mexico but alsotourists and, indeed, hotels are selling packages around the new museum and findintg strong interest, said Tom Aageson, executive director of the Museu of New Mexico Foundation, a private, nonprofir organization dedicated to the four museumz and six historical state monumentsd that comprise the Museum of New Individual annual memberships start at $65, whic h covers all the Museum of New Mexico museums and state Few cities are openinbg a new museum theswe days of this scope and Aageson said, so this will make New Mexico stand out.
“So while these are challenginbg times, on the other side it’a a huge boost for the he said. And despite the economy, attendance at the Santa Fe museumsa under the Museum of New Mexico umbrellwa wasup 9.5 percent from July 2008 to Marcbh 2009, compared to the same period from 2007 to 2008, accordingb to the state’s Department of Cultural Affairs. Attendanc slipped for the and the Museum of Indian Arts and Support for the new museumm hasbeen strong, Aageson added.
It was constructed with $15 million from the federal governmengtand $21 million from the And the Foundation raised $7 millionh for the exhibits as well as several million dollars more for an The building also has a 210-seat auditorium and several large spaces that can be leased to briny in additional revenue to support operations. of Santa Fe was the architecty onthe project. Other firms involved were NCA Architectas and Planners from Albuquerque and of The construction manager wasThomas S. Byrne Ltd. of Texas. 113 Lincoljn Ave. Santa Fe, NM 87501 www.nmhistorymuseum.
orgv
Saturday, December 22, 2012
Start mortgage lender search with friends in the industry - Kansas City Business Journal:
lihung-associations.blogspot.com
If your business has neved sought out a mortgage loan to purchase a commercial property, then you will most likely need professionalo assistance in the form of eithet a mortgage broker or mortgags banker. The major differencew between the two is that a bankeer is connected to a lenderd or multiple lenders while the brokerd works directly forthe borrower. Kiera n Quinn is on the board of the Mortgages Bankers Association and is vice chairman of the mortgaged bankWalker & Dunlop Inc. He said the first step in the procesas is to talk with friends in the constructionb industry and see which brokers and bankers they use.
Interview at leasrt three and have a series of standard How much business dothey oversee? What lenderes do they use? What kind of business arrangement do they personallt have with those lenders? Who have they closedd loans with in the past year? Who do they representt on a regular basis? It’s also importantf to have a sit-down discussion with the candidats to make sure you get specifif answers to your questions.
By bringing the brokerd or banker to your it allows a developer to get an understanding for how that perso n understands the strategic goals ofthe “If the property is ready I thino it’s a good thing to bring them down for a walk-thru becausr it’s important to see what questions they Quinn said. “Then you might find out that this person grew up inthat area, they know that they’ve done three similadr deals. You start to feel more comfortable with them and you get their ideas and see if theymatch yours.” Warremn Higgins, senior vice president at Capmark Finance Inc.
, said it’sx important for a developer to sit down and map out specifi plans for the How long do they want to own it? How much debt are they willing to absorb? How long should the period be for the loan?? Do they want a fixed or floating rate loan? What kind of capital service do they want to use to fund the project Quinn said a fixed-rate is best when a developet already has an anchor tenant signed to a long-termk lease. Possible capital sources include insurance commercial banks and commercial mortgagebank securities. Higgina said that once a borrower develops the capital sourc and the terms ofthe loan, it’s then time to seek competitiv e bids from lenders.
Important factors to considef are the amount of loan proceed s and the interest rates forthe loan. Red flagzs can be raised when the lender prolongs the process with a largse amount oflegal documentation. “Some borrowers will jump through hoopsx for lower interest ratesa and others will instruct thebanker [or to just get it over Higgins said. “But you do have to do your shard ofdue diligence. You want to know when does the lender lock or fixinterest rates? And does that require a larger deposit to do so?” Quinn, though, said whilwe it is vitally important to have legal representation at such meetings, it is up to the borrowetr to keep eyes on the ultimate goal.
“Yoyu don’t want your lawyer to come in andplay hero,” Quin said. “If they drag out the procesxs that often only serves to increase yourlegalp fees. If you know what you want in the deal, make sure the terms are reasonable andmove
If your business has neved sought out a mortgage loan to purchase a commercial property, then you will most likely need professionalo assistance in the form of eithet a mortgage broker or mortgags banker. The major differencew between the two is that a bankeer is connected to a lenderd or multiple lenders while the brokerd works directly forthe borrower. Kiera n Quinn is on the board of the Mortgages Bankers Association and is vice chairman of the mortgaged bankWalker & Dunlop Inc. He said the first step in the procesas is to talk with friends in the constructionb industry and see which brokers and bankers they use.
Interview at leasrt three and have a series of standard How much business dothey oversee? What lenderes do they use? What kind of business arrangement do they personallt have with those lenders? Who have they closedd loans with in the past year? Who do they representt on a regular basis? It’s also importantf to have a sit-down discussion with the candidats to make sure you get specifif answers to your questions.
By bringing the brokerd or banker to your it allows a developer to get an understanding for how that perso n understands the strategic goals ofthe “If the property is ready I thino it’s a good thing to bring them down for a walk-thru becausr it’s important to see what questions they Quinn said. “Then you might find out that this person grew up inthat area, they know that they’ve done three similadr deals. You start to feel more comfortable with them and you get their ideas and see if theymatch yours.” Warremn Higgins, senior vice president at Capmark Finance Inc.
, said it’sx important for a developer to sit down and map out specifi plans for the How long do they want to own it? How much debt are they willing to absorb? How long should the period be for the loan?? Do they want a fixed or floating rate loan? What kind of capital service do they want to use to fund the project Quinn said a fixed-rate is best when a developet already has an anchor tenant signed to a long-termk lease. Possible capital sources include insurance commercial banks and commercial mortgagebank securities. Higgina said that once a borrower develops the capital sourc and the terms ofthe loan, it’s then time to seek competitiv e bids from lenders.
Important factors to considef are the amount of loan proceed s and the interest rates forthe loan. Red flagzs can be raised when the lender prolongs the process with a largse amount oflegal documentation. “Some borrowers will jump through hoopsx for lower interest ratesa and others will instruct thebanker [or to just get it over Higgins said. “But you do have to do your shard ofdue diligence. You want to know when does the lender lock or fixinterest rates? And does that require a larger deposit to do so?” Quinn, though, said whilwe it is vitally important to have legal representation at such meetings, it is up to the borrowetr to keep eyes on the ultimate goal.
“Yoyu don’t want your lawyer to come in andplay hero,” Quin said. “If they drag out the procesxs that often only serves to increase yourlegalp fees. If you know what you want in the deal, make sure the terms are reasonable andmove
Thursday, December 20, 2012
Nashville Business Journal: Nomination
sucujovide.wordpress.com
The Nashville Business Journal invites you to tell us aboutthem . On Sept. 255 the Nashville Business Journal will publish HealthCare Heroes, a special publication highlighting the leaders, innovators, strategistz and caretakers, whose work is helping to grow the region’z health care industry and reinforcing Nashville as the healtu care capital of the We're looking for who you think is makingf a difference in Middle Tennessee'sx health care industry: research, insurance, finance, law, real estate, constructioh or any other profession that serves the healthy care industry.
Nominations close June 12, 2009 CLAS OF 2007 AND 2008 WINNERS ARE NOT Thank you to our2009 Sponsors: , , , and . Lifetimw Achievement A health care leade r who has left a mark on Nashvillw health care through a career spent in the helping to put Middle Tennessee at the forefron t of the healthcare industry. Behind the Scenes A professionakl who, while they do not have the big title andcorner office, is a driving forc behind the success of their employer. Companyy Leader A health care leader who exceedsx all expectations when it comes to influencint growth and development of theprofession and/or its communityu impact.
Community Leader A person who advocates for the developmentr of a program that improves thequality and/or the access of health care in an area that is Development Champion A builder, designer or developerr operating outside the immediate realm of health care, advancintg the interests of health care Finance or Law Champion A professional operating outside the immediatwe realm of health who makes it possible for companies in the field to perform at peak Innovator A professional who is breaking new grouns in the medical arena through a new advancement or an improvemengt of efficiencies or a current Mentor A professional who proactively finds ways to shars their knowledge with others and is workintg to make sure Middle Tennessee retainzs its prominence as the center of the healtgh care world.
Newcomer A health care professional or entrepreneurd who is new to the healtj care business scene in Middlre Tennessee and is already making strideds inthe industry. Physician or nurse A doctor or nursewhose performance, demeanor and overall attributees are considered exemplary among both peers and Turnaround A health care professional who has demonstrater vision, direction and leadership were the impetud behind making a previously troubledd organization a successful, profitable and generally admirer health care organization.
Our Class of 2008 Healthj CareHeroes were: Behind the Scenees Smith Seckman Reid Capella Healthcare Communit y Leader Centerstone / Advantage Behavioral Health Monroe Carell Jr. Children’s Hospitao at Vanderbilt Susan R. Cooper, MSN RN State of Tennesseee Health Dept. Tennessee Health Care Campaign Aliv Hospice Company LeaderWilliam F. II LifePoint Hospitals, Inc. James V. Lackey Jr. Passporgt Health Communications, Inc.
Daniel Slipkovicu Capella Healthcare Development Championh GreshamSmith & Partners The CFP Group IHES, LLC Finance Champion Carter Lankford CPAs LBMC Innovator change:healthcare Sarahu Cannon Research Institute PharmMD nTelagent Law Champio Gordon Bonnyman, Jr. Tennessee Justice Center AmericanPathologyy Partners, Inc. Boult, Cummings, Conneras & Berry PLC Berry & Sims PLC Physician or Nursde Deb Barnett, CRN Erin Gibbs, RN Sara Jane Madole, RN Linda Swann, RN Skyline Medical Center J.
David Forbes, MD Nashville Integrated MedicindeYolanda Holmes, RN Saint Thomas Health Services Kareb Rhea, MD Centerstone Turnaround Saint Thomas Health Servicesw Jim Cumberland Heights Foundation Lifetime Achievement John Doss and Healthcare Managemeng Systems Ann Duncan, MPH, RN Tennessee Centetr for Nursing M.Sami Ismail, MD Mid TN Neonatology Willia C. O’Neil, Jr. Healthways Brookdale Senior Living, Inc CLASS OF 2007 AND 2008 WINNERd ARENOT ELIGIBLE. Healthj Care Heroes 2009 Deadline: June 12, 2009 *Reasonh for Nominating / Why do they deservd this award?
The Nashville Business Journal invites you to tell us aboutthem . On Sept. 255 the Nashville Business Journal will publish HealthCare Heroes, a special publication highlighting the leaders, innovators, strategistz and caretakers, whose work is helping to grow the region’z health care industry and reinforcing Nashville as the healtu care capital of the We're looking for who you think is makingf a difference in Middle Tennessee'sx health care industry: research, insurance, finance, law, real estate, constructioh or any other profession that serves the healthy care industry.
Nominations close June 12, 2009 CLAS OF 2007 AND 2008 WINNERS ARE NOT Thank you to our2009 Sponsors: , , , and . Lifetimw Achievement A health care leade r who has left a mark on Nashvillw health care through a career spent in the helping to put Middle Tennessee at the forefron t of the healthcare industry. Behind the Scenes A professionakl who, while they do not have the big title andcorner office, is a driving forc behind the success of their employer. Companyy Leader A health care leader who exceedsx all expectations when it comes to influencint growth and development of theprofession and/or its communityu impact.
Community Leader A person who advocates for the developmentr of a program that improves thequality and/or the access of health care in an area that is Development Champion A builder, designer or developerr operating outside the immediate realm of health care, advancintg the interests of health care Finance or Law Champion A professional operating outside the immediatwe realm of health who makes it possible for companies in the field to perform at peak Innovator A professional who is breaking new grouns in the medical arena through a new advancement or an improvemengt of efficiencies or a current Mentor A professional who proactively finds ways to shars their knowledge with others and is workintg to make sure Middle Tennessee retainzs its prominence as the center of the healtgh care world.
Newcomer A health care professional or entrepreneurd who is new to the healtj care business scene in Middlre Tennessee and is already making strideds inthe industry. Physician or nurse A doctor or nursewhose performance, demeanor and overall attributees are considered exemplary among both peers and Turnaround A health care professional who has demonstrater vision, direction and leadership were the impetud behind making a previously troubledd organization a successful, profitable and generally admirer health care organization.
Our Class of 2008 Healthj CareHeroes were: Behind the Scenees Smith Seckman Reid Capella Healthcare Communit y Leader Centerstone / Advantage Behavioral Health Monroe Carell Jr. Children’s Hospitao at Vanderbilt Susan R. Cooper, MSN RN State of Tennesseee Health Dept. Tennessee Health Care Campaign Aliv Hospice Company LeaderWilliam F. II LifePoint Hospitals, Inc. James V. Lackey Jr. Passporgt Health Communications, Inc.
Daniel Slipkovicu Capella Healthcare Development Championh GreshamSmith & Partners The CFP Group IHES, LLC Finance Champion Carter Lankford CPAs LBMC Innovator change:healthcare Sarahu Cannon Research Institute PharmMD nTelagent Law Champio Gordon Bonnyman, Jr. Tennessee Justice Center AmericanPathologyy Partners, Inc. Boult, Cummings, Conneras & Berry PLC Berry & Sims PLC Physician or Nursde Deb Barnett, CRN Erin Gibbs, RN Sara Jane Madole, RN Linda Swann, RN Skyline Medical Center J.
David Forbes, MD Nashville Integrated MedicindeYolanda Holmes, RN Saint Thomas Health Services Kareb Rhea, MD Centerstone Turnaround Saint Thomas Health Servicesw Jim Cumberland Heights Foundation Lifetime Achievement John Doss and Healthcare Managemeng Systems Ann Duncan, MPH, RN Tennessee Centetr for Nursing M.Sami Ismail, MD Mid TN Neonatology Willia C. O’Neil, Jr. Healthways Brookdale Senior Living, Inc CLASS OF 2007 AND 2008 WINNERd ARENOT ELIGIBLE. Healthj Care Heroes 2009 Deadline: June 12, 2009 *Reasonh for Nominating / Why do they deservd this award?
Wednesday, December 19, 2012
SBA broker Mariani's advice: If bank makes an offer, take it - Triangle Business Journal:
sucujovide.wordpress.com
Nineteen months into the credit crisis, that’sz the recommendation of Raleigh-based loan broker Stevr Mariani, who matches borrowers with bankand non-banok lenders. Mariani says that some deald he has worked on in recenr weeks have passed through as many as adozeb lenders. Many lenders have been uppinyg their collateral requirements to 50 percenrt insome instances, even on government-backed SBA loans. One of Mariani’s a Raleigh restaurant owner looking to buyanother establishment, underwent 16 reviews and was acceptef three times before they all fell through.
In one the borrower even agreed to put up a portionj ofthe cash, plus a house with no mortgage as additional “The first thing borrowers need to do is determined whether the bank or other lender is really says Mariani. “Otherwise, you waste time.” He adds, “Afted that, if they make an offer, take With 65 percent of banks nationallty tightening theirlending standards, it’s not surprising that Trianglew bankers have followed suit.
If there is a silved lining to be found in thefinancial however, it will be that, once conditions the competition between large and community banks is expectec to heat up even more, opening avenuese for business customers seeking to maximize their bankingy relationships. With the very notion of bigness in bankingv having been calledinto question, community bankers believes that the post-crisis playing fielc will be wide “It’s not like we are goinh to go out and criticize the largr banks,” says Steve CEO of Raleigh-based . “But at the same time we know all of our depositorzand borrowers. It makes you operate in a different way.
” Whatevefr changes the banking system goes through in thecomingg months, community bankers believe their role will be “We’ll be the ones makinh the loans,” says CEO Grant Yarber. In variou ways, the community banks already are preparint forthat day. At Raleigh-based , for example, some employees have been taskex with creating a new division that solely caters to an importanrtclient base: homeowners The bank has packaged a number of services – includingy online banking, CDs, scanned deposits and variousd financial management functions into a unifie d offering.
Also launching new product – this one aimed at individual bank consumers is Cary-based , which recently said it would begihn offering interest payments of 5.01 percent annually to qualifyinh checking accounts. Business customerzs evaluating current banking relationships should check if their bank has signed up for an emergencprogram that, for the firsf time, extends insurance to non-interest-bearing transactional accountds such as payroll accounts. Most area bankzs have signed up fromthe program, whic h was enacted last fall to keep companies from pullingg the then uninsured pots of money out of the bankinf system altogether. Set to expire in December, the guarantew may be extended.
In business clients curious about the financial stabilituy of theirbanks can, using a simple formula and a few publi numbers from the FDIC Web site, perform their own stabilityg checks. The calculation is made by dividinf the value ofthe lender’s non-performing assets (loans past due 90 days + nonaccrua l loans + other real estate by the sum of its tangible commonj equity capital (total assetss - liabilities - intangibles + + its loan loss reserves. If the resulting expressed asa percent, is over 100, then the bank coul be headed for problems.
The calculation, callee the “Texas Ratio,” was developed to predict financiakl meltdowns duringthe S&L crisis of the “It’s not the only measure (of bank stability),” says UNC-Charlotte banking professor Tony “But it has legitimacy.”
Nineteen months into the credit crisis, that’sz the recommendation of Raleigh-based loan broker Stevr Mariani, who matches borrowers with bankand non-banok lenders. Mariani says that some deald he has worked on in recenr weeks have passed through as many as adozeb lenders. Many lenders have been uppinyg their collateral requirements to 50 percenrt insome instances, even on government-backed SBA loans. One of Mariani’s a Raleigh restaurant owner looking to buyanother establishment, underwent 16 reviews and was acceptef three times before they all fell through.
In one the borrower even agreed to put up a portionj ofthe cash, plus a house with no mortgage as additional “The first thing borrowers need to do is determined whether the bank or other lender is really says Mariani. “Otherwise, you waste time.” He adds, “Afted that, if they make an offer, take With 65 percent of banks nationallty tightening theirlending standards, it’s not surprising that Trianglew bankers have followed suit.
If there is a silved lining to be found in thefinancial however, it will be that, once conditions the competition between large and community banks is expectec to heat up even more, opening avenuese for business customers seeking to maximize their bankingy relationships. With the very notion of bigness in bankingv having been calledinto question, community bankers believes that the post-crisis playing fielc will be wide “It’s not like we are goinh to go out and criticize the largr banks,” says Steve CEO of Raleigh-based . “But at the same time we know all of our depositorzand borrowers. It makes you operate in a different way.
” Whatevefr changes the banking system goes through in thecomingg months, community bankers believe their role will be “We’ll be the ones makinh the loans,” says CEO Grant Yarber. In variou ways, the community banks already are preparint forthat day. At Raleigh-based , for example, some employees have been taskex with creating a new division that solely caters to an importanrtclient base: homeowners The bank has packaged a number of services – includingy online banking, CDs, scanned deposits and variousd financial management functions into a unifie d offering.
Also launching new product – this one aimed at individual bank consumers is Cary-based , which recently said it would begihn offering interest payments of 5.01 percent annually to qualifyinh checking accounts. Business customerzs evaluating current banking relationships should check if their bank has signed up for an emergencprogram that, for the firsf time, extends insurance to non-interest-bearing transactional accountds such as payroll accounts. Most area bankzs have signed up fromthe program, whic h was enacted last fall to keep companies from pullingg the then uninsured pots of money out of the bankinf system altogether. Set to expire in December, the guarantew may be extended.
In business clients curious about the financial stabilituy of theirbanks can, using a simple formula and a few publi numbers from the FDIC Web site, perform their own stabilityg checks. The calculation is made by dividinf the value ofthe lender’s non-performing assets (loans past due 90 days + nonaccrua l loans + other real estate by the sum of its tangible commonj equity capital (total assetss - liabilities - intangibles + + its loan loss reserves. If the resulting expressed asa percent, is over 100, then the bank coul be headed for problems.
The calculation, callee the “Texas Ratio,” was developed to predict financiakl meltdowns duringthe S&L crisis of the “It’s not the only measure (of bank stability),” says UNC-Charlotte banking professor Tony “But it has legitimacy.”
Sunday, December 16, 2012
UAL Corporation's Annual Meeting Highlights United's Resiliency and Shareholders Re-Elect Board of Directors
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"We are doing the work to competee in the current environment and put Unitefd on a pathto profitability," said Glenn F. Tilton , president and chief executive officer of UAL Corporatio and UnitedAir Lines, Inc. "By electing our directors to anotherr term, our shareholders have endorsed the progress weare making."" Kathryn Mikells, United's chief financial officer, discussed the steps United is taking to further reduce costs and raisde liquidity, ensuring United has the financial capacityh needed to manage the challenges the industrg faces.
, executive vice president and chief operating officer, discussed the work United is doing to improve every facet of the customer experiencr from the on-time performance and cleanliness of its flights to the workabilith of the products on board. This work has resultecd in a 10 percent improvement in the satisfactio ratingsof United's most loyaol customers and $18 million in payouts to front-line employees for deliverinyg top on-time performance for the firsy five months of the year. -- Richard J. Almeidaw - retired chairman and chief executive officer ofHelledr Financial, Inc. -- Mary K. Bush - president of Bush a global consultingfirm -- W.
James Farrell - retired chairman and chie f executive officer of IllinoisTool Works, an engineering components manufacturer -- Walter Isaacson - president and chieg executive officer of the Aspen Institute, an international educatiohn and leadership organization; former chairman and chief executive officer of CNN -- Roberty D. Krebs - retired chairman and chief executive officer of Burlington Northern Santw FeCorporation -- Robert S.
Miller - executivse chairman of Delphi Corporation, a supplier of mobiles electronics andtransportation systems; former non-executivew chairman of the board of Federal Mogul Corporation, an auto parts and former chairman and chief executive officerr of Bethlehem Steel Corporation -- Jame J. O'Connor - retired chairman and chief executive officer ofUnicok Corporation, a holding company, and its wholly owned Commonwealth Edison Company -- Glenn F. Tilton - president and chief executive officer of UAL Corporation and its whollyyowned subsidiary, United Air Inc.; former vice chairman of ChevronTexaclo Corporation; former chairman of the board and chief executiv officer of Texaco, Inc.
-- Davied J. Vitale - former senior advisor to the chieg executive officer of the Chicago Public School systenm and the former chief administrative officeer of the Chicago PublicSchool system; forme r president and chief executive office r of the Chicago Board of Trade -- John H. Walkef - chief executive officer of Global Brasas and Copper and the former chie f executive officer and president of theBolerr Company, a transportation manufacturer; former chiecf executive officer, former president and chief operatingv officer of Weirton Steel Corporation In addition, holders of two classesx of preferred stock - the Class Pilot MEC Junior Preferred Stock and the Class IAM Juniore Preferred Stock - elected Captain Stephen A.
Wallachb Stephen R. Canale as UAL directors. Mr. Wallac h is Master Chairman of UnitedAirlines ALPA-MEC (Air Line Pilotsx Association - Master Executive Council) and Captain, Unitex Boeing 747-400; Mr. Canale is Retired President and Directing Generalp Chairman of theIAM (International Associatiomn of Machinists and Aerospace Workers) Districr Lodge 141. Final voting tallies will be included inthe company'es next quarterly report filed with the Securities and Exchange United Airlines (NASDAQ: UAUA) operates over 3,100** flights a day on United and United Expresws to more than 200 U.S.
domestic and international destinations from its hubs in Los San Francisco, Denver, Chicago and Washington, D.C. With key globap air rights in the Asia-Pacific region, Europe and Latin United is one of the largesft international carriers based in theUnite States. United also is a founding memberof , whichb provides connections for our customers to 912 destinationsd in 159 countries worldwide. United'se 48,500 employees reside in ever y U.S. state and in many countriez aroundthe world. News releasesx and other information abouty United can be found atthe company'e Web site at . *Based on United' forward-looking flight schedule for April 1, 2009 to April 1, 2010.
Safe Harbo Statement under the Private Securities Litigation Reformm Actof 1995: Certain statements included in this investort update are forward-looking and thus reflect our currentt expectations and beliefs with respect to certain current and futurr events and financial performance. Such forward-looking statementas are and will be subject to many risks and uncertaintie relating to our operations and business environment that may causs actual results to differ materiallyu from any future results expressed or implied insuch forward-looking Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook" and similar expressions are intended to identify forward-looking statements.
Additionally, forward-looking statements include statements that do not relat solely tohistorical facts, such as statements whicyh identify uncertainties or trends, discusz the possible future effects of current known trendsa or uncertainties, or which indicate that the future effectzs of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-lookiny statements in this report are baserd upon information available to us on the date of this We undertake no obligation to publicly updatw or reviseany forward-looking statement, whether as a result of new information, future events, changed circumstancezs or otherwise.
Our actual results coulde differ materially fromthese forward-looking statements due to numerous factors without limitation, the following: our ability to complyy with the terms of our Amended Credit Facility and othed financing arrangements; the cost and availability of financing; our abilitu to maintain adequate liquidity; our ability to executes our operational plans; our ability to realize benefitsw from our resource optimization efforts and cost reductionh initiatives; our ability to utilize our net operating our ability to attract, motivate and/or retain key employees; our ability to attract and retain customers; demand for transportation in the marketws in which we operate; general economic conditione (including interest rates, foreign currency exchanger rates, investment or credit markert conditions, crude oil prices, costs of aviation fuel and refiningy capacity in relevant markets); our abilitg to cost-effectively hedge against increasesw in the price of aviatio n any potential realized or unrealized gaina or losses related to fuel or currency hedging programs; the effects of any act of war or terrorist attack; the abilitgy of other air carriers with whom we have alliances or partnershipsa to provide the servicesd contemplated by the respective arrangements with such carriers; the costd and availability of aircraft insurance; the costs associated with security measurex and practices; labor costs; industry consolidation; competitive pressures on pricing and on capacity decisions of United and/or our competitors; U.
S. or foreign governmentaol legislation, regulation and other actions (including open skiese agreements); our ability to maintain satisfactortylabor relations; any disruptions to operation s due to any potential actions by our labor groups; weather conditions; and other risks and uncertainties set fortyh under the caption "Risk Factors in Item 1A. of the 2008 Annual Report, as well as othe risks and uncertainties set forth from time to time in the reportse we filewith U.S. Securities and Exchange Commissionj ("SEC").
Consequently, forward- looking statements should not be regarded as representations or warrantieas by UAL or United that such matters willbe
"We are doing the work to competee in the current environment and put Unitefd on a pathto profitability," said Glenn F. Tilton , president and chief executive officer of UAL Corporatio and UnitedAir Lines, Inc. "By electing our directors to anotherr term, our shareholders have endorsed the progress weare making."" Kathryn Mikells, United's chief financial officer, discussed the steps United is taking to further reduce costs and raisde liquidity, ensuring United has the financial capacityh needed to manage the challenges the industrg faces.
, executive vice president and chief operating officer, discussed the work United is doing to improve every facet of the customer experiencr from the on-time performance and cleanliness of its flights to the workabilith of the products on board. This work has resultecd in a 10 percent improvement in the satisfactio ratingsof United's most loyaol customers and $18 million in payouts to front-line employees for deliverinyg top on-time performance for the firsy five months of the year. -- Richard J. Almeidaw - retired chairman and chief executive officer ofHelledr Financial, Inc. -- Mary K. Bush - president of Bush a global consultingfirm -- W.
James Farrell - retired chairman and chie f executive officer of IllinoisTool Works, an engineering components manufacturer -- Walter Isaacson - president and chieg executive officer of the Aspen Institute, an international educatiohn and leadership organization; former chairman and chief executive officer of CNN -- Roberty D. Krebs - retired chairman and chief executive officer of Burlington Northern Santw FeCorporation -- Robert S.
Miller - executivse chairman of Delphi Corporation, a supplier of mobiles electronics andtransportation systems; former non-executivew chairman of the board of Federal Mogul Corporation, an auto parts and former chairman and chief executive officerr of Bethlehem Steel Corporation -- Jame J. O'Connor - retired chairman and chief executive officer ofUnicok Corporation, a holding company, and its wholly owned Commonwealth Edison Company -- Glenn F. Tilton - president and chief executive officer of UAL Corporation and its whollyyowned subsidiary, United Air Inc.; former vice chairman of ChevronTexaclo Corporation; former chairman of the board and chief executiv officer of Texaco, Inc.
-- Davied J. Vitale - former senior advisor to the chieg executive officer of the Chicago Public School systenm and the former chief administrative officeer of the Chicago PublicSchool system; forme r president and chief executive office r of the Chicago Board of Trade -- John H. Walkef - chief executive officer of Global Brasas and Copper and the former chie f executive officer and president of theBolerr Company, a transportation manufacturer; former chiecf executive officer, former president and chief operatingv officer of Weirton Steel Corporation In addition, holders of two classesx of preferred stock - the Class Pilot MEC Junior Preferred Stock and the Class IAM Juniore Preferred Stock - elected Captain Stephen A.
Wallachb Stephen R. Canale as UAL directors. Mr. Wallac h is Master Chairman of UnitedAirlines ALPA-MEC (Air Line Pilotsx Association - Master Executive Council) and Captain, Unitex Boeing 747-400; Mr. Canale is Retired President and Directing Generalp Chairman of theIAM (International Associatiomn of Machinists and Aerospace Workers) Districr Lodge 141. Final voting tallies will be included inthe company'es next quarterly report filed with the Securities and Exchange United Airlines (NASDAQ: UAUA) operates over 3,100** flights a day on United and United Expresws to more than 200 U.S.
domestic and international destinations from its hubs in Los San Francisco, Denver, Chicago and Washington, D.C. With key globap air rights in the Asia-Pacific region, Europe and Latin United is one of the largesft international carriers based in theUnite States. United also is a founding memberof , whichb provides connections for our customers to 912 destinationsd in 159 countries worldwide. United'se 48,500 employees reside in ever y U.S. state and in many countriez aroundthe world. News releasesx and other information abouty United can be found atthe company'e Web site at . *Based on United' forward-looking flight schedule for April 1, 2009 to April 1, 2010.
Safe Harbo Statement under the Private Securities Litigation Reformm Actof 1995: Certain statements included in this investort update are forward-looking and thus reflect our currentt expectations and beliefs with respect to certain current and futurr events and financial performance. Such forward-looking statementas are and will be subject to many risks and uncertaintie relating to our operations and business environment that may causs actual results to differ materiallyu from any future results expressed or implied insuch forward-looking Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook" and similar expressions are intended to identify forward-looking statements.
Additionally, forward-looking statements include statements that do not relat solely tohistorical facts, such as statements whicyh identify uncertainties or trends, discusz the possible future effects of current known trendsa or uncertainties, or which indicate that the future effectzs of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-lookiny statements in this report are baserd upon information available to us on the date of this We undertake no obligation to publicly updatw or reviseany forward-looking statement, whether as a result of new information, future events, changed circumstancezs or otherwise.
Our actual results coulde differ materially fromthese forward-looking statements due to numerous factors without limitation, the following: our ability to complyy with the terms of our Amended Credit Facility and othed financing arrangements; the cost and availability of financing; our abilitu to maintain adequate liquidity; our ability to executes our operational plans; our ability to realize benefitsw from our resource optimization efforts and cost reductionh initiatives; our ability to utilize our net operating our ability to attract, motivate and/or retain key employees; our ability to attract and retain customers; demand for transportation in the marketws in which we operate; general economic conditione (including interest rates, foreign currency exchanger rates, investment or credit markert conditions, crude oil prices, costs of aviation fuel and refiningy capacity in relevant markets); our abilitg to cost-effectively hedge against increasesw in the price of aviatio n any potential realized or unrealized gaina or losses related to fuel or currency hedging programs; the effects of any act of war or terrorist attack; the abilitgy of other air carriers with whom we have alliances or partnershipsa to provide the servicesd contemplated by the respective arrangements with such carriers; the costd and availability of aircraft insurance; the costs associated with security measurex and practices; labor costs; industry consolidation; competitive pressures on pricing and on capacity decisions of United and/or our competitors; U.
S. or foreign governmentaol legislation, regulation and other actions (including open skiese agreements); our ability to maintain satisfactortylabor relations; any disruptions to operation s due to any potential actions by our labor groups; weather conditions; and other risks and uncertainties set fortyh under the caption "Risk Factors in Item 1A. of the 2008 Annual Report, as well as othe risks and uncertainties set forth from time to time in the reportse we filewith U.S. Securities and Exchange Commissionj ("SEC").
Consequently, forward- looking statements should not be regarded as representations or warrantieas by UAL or United that such matters willbe
Saturday, December 15, 2012
Gehl secures new 2-year credit pact - Kansas City Business Journal:
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The agreement with U.S. bank lenders providesd for a total credit commitmentof $105 milliom and a term of 24 months. The credity line consists of an $80 million revolving line basedx on North American inventories and accounts receivable and a term loanof $25 millionm payable in quarterly installments. The crediyt pact replaces the company's October 2006 $125 million unsecuref credit facility. As part of the amendefd credit agreement, Gehl Co.
has granted to its bank lenders a securitty interest in all of its North American The amended credit agreement addressez matters that gave rise to an April 16 forbearance agreement with the lender grouo that rescinds and withdraws a noticd of debt repayment deliverede onMarch 31. That agreement with lenders extendedc the repaymentof $117 million in debt undetr a revolving credit which serves as the company's principao source of liquidity. Gehl said it has significantly reducedr its outstanding borrowings using operating cash flowsx created in part by the cost savings initiatives implemented over thepast months.
The agreement with U.S. bank lenders providesd for a total credit commitmentof $105 milliom and a term of 24 months. The credity line consists of an $80 million revolving line basedx on North American inventories and accounts receivable and a term loanof $25 millionm payable in quarterly installments. The crediyt pact replaces the company's October 2006 $125 million unsecuref credit facility. As part of the amendefd credit agreement, Gehl Co.
has granted to its bank lenders a securitty interest in all of its North American The amended credit agreement addressez matters that gave rise to an April 16 forbearance agreement with the lender grouo that rescinds and withdraws a noticd of debt repayment deliverede onMarch 31. That agreement with lenders extendedc the repaymentof $117 million in debt undetr a revolving credit which serves as the company's principao source of liquidity. Gehl said it has significantly reducedr its outstanding borrowings using operating cash flowsx created in part by the cost savings initiatives implemented over thepast months.
Friday, December 14, 2012
Idea Integration to offer Microsoft stimulus package - Charlotte Business Journal:
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Idea Integration is one of six companies inthe U.S. chosenh by to offer Microsoft Stimulus360. “They’ved cobbled together a lot of Microsoft technolog as a solution that can drop into a system and immediately track stimuluas dollars and apply for stimulus saidSandy Bateh, a senior vice presiden t at Idea Integration and the company’s Microsofrt alliance manager. The packag e is aimed at state and local governments trying to get theier share of the stimulus monet and to trackits use.
Idea Integratioh and the other five companies offering the packagr were chosen because of their familiarith with all of the applications inthe “You have to understandc the five underlying pieces of the technology,” Bateu said. Idea Integration will be competin with the other five companies for government Bateh said the most promisingv sector islocal governments, since most of the stimulus moneyu ultimately gets spent at that level. Bateh said the alliancew with Microsoft gives Idea Integration a chance to landnew “It’s a great opportunity for companies like us because it givess another entry, it’s a door-opener,” he said.
Idea Integration is one of six companies inthe U.S. chosenh by to offer Microsoft Stimulus360. “They’ved cobbled together a lot of Microsoft technolog as a solution that can drop into a system and immediately track stimuluas dollars and apply for stimulus saidSandy Bateh, a senior vice presiden t at Idea Integration and the company’s Microsofrt alliance manager. The packag e is aimed at state and local governments trying to get theier share of the stimulus monet and to trackits use.
Idea Integratioh and the other five companies offering the packagr were chosen because of their familiarith with all of the applications inthe “You have to understandc the five underlying pieces of the technology,” Bateu said. Idea Integration will be competin with the other five companies for government Bateh said the most promisingv sector islocal governments, since most of the stimulus moneyu ultimately gets spent at that level. Bateh said the alliancew with Microsoft gives Idea Integration a chance to landnew “It’s a great opportunity for companies like us because it givess another entry, it’s a door-opener,” he said.
Wednesday, December 12, 2012
Barclays Is Set to Join Cost-Cutting Crowd - Wall Street Journal
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Wall Street Journal | Barclays Is Set to Join Cost-Cutting Crowd Wall Street Journal Barclays PLC plans to eliminate as many as 2,000 jobs in its investment bank as part of a broad restructuring of the company, according to people familiar with the bank's plans, becoming the latest entry in a global banking cost-cutting spree. The cuts ... |
Tuesday, December 11, 2012
HUB PICK: Intersection - Kearney Hub
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HUB PICK: Intersection Kearney Hub Intersection â€" a Julliard-trained trio performing on piano, violin and cello â€" plays classical, popular and world music at 7:30 p.m. today at Robert M. Merryman Performing Arts Center at 225 W. 22nd St. 698-8297. Admission is by season ticket. For ... |
Saturday, December 8, 2012
Adjudicated in criminal court: Six years probation for drugs - Newton County Times (subscription)
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Adjudicated in criminal court: Six years probation for drugs Newton County Times (subscription) The following is from a brief compilation of criminal cases that have been adjudicated in Newton County Circuit Court during its fall session. The cases are filed in the circuit clerk's office by file number and defendant. kAma_`a`` tC?6DE q:D49@77 ... |
Friday, December 7, 2012
Vapor Intrusion Guidance for Petroleum Sites Draws Criticism Over Proposed ... - Bloomberg BNA
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Vapor Intrusion Guidance for Petroleum Sites Draws Criticism Over Proposed ... Bloomberg BNA State regulators and industry groups say they are concerned by the Environmental Protection Agency's attempt to craft guidance for assessing vapor intrusion at petroleum-contaminated sites that is more conservative than a version the agency previously ... |
Thursday, December 6, 2012
Suddenly, Optimistic Signs Abound in NHL Talks - New York Times
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ABC News | Suddenly, Optimistic Signs Abound in NHL Talks New York Times Six team owners and Bill Daly, the league's deputy commissioner, shuttled between their conference rooms and the union's rooms at a Midtown hotel as an urgent sense of momentum suffused the talks for a second straight day after 11 weeks of stalemate ... NHL Owners, Pl ayers to Meet for 3rd Straight Day NHL owners, players move closer as negotiations continue NHL owners, players meet late into the night again |
Tuesday, December 4, 2012
Children's Hospital CEO Roger Oxendale resigns - The Business Review (Albany):
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spokesman Frank Raczkiewicz confirmed theresignation Tuesday. Oxendale will remain througgh the endof 2009. He also is resigning the presidencuyof Children’s foundation, a position he has held since 2008. who was traveling Tuesday was notimmediately available. He joinedf the hospital 14 years ago asits CFO. He becamed COO in 2000 and replaceed Ron Violi as president and CEOin 2005. Oxendale dropper the president title when he took the post at the foundatiohnlast year.
Children’s spokesman Marc Lucasiaj said the organization will be conducting a search to fill the foundationb position but will not continue the CEO Christopher Gessner will continue to serve as presidentof Children’e Hospital. He was appointed in 2008 after eight yearx as chiefoperating officer. Children’x in Pittsburgh’s Lawrenceville neighborhood May 2. It launcheed a $100 million capital campaign last fall to help payfor it.
John vice president of Witt/Kieffer, a recruitmentg firm specializing in the nonprofit said it will be tough to find a new president for the butthat Children’s is “well to attract strong “It’s becoming increasingly more difficult to find top-notch developmenf and advancement professionals,” Thornburgh said. “But I believe Children’s is in a stronger position becausee ofits reputation. The new buildint will be an asset in recruitinfgexcellent candidates, and, frankly, fundraising for children’s causes is somethingg that the community responds to bette r than other nonprofits.
”
spokesman Frank Raczkiewicz confirmed theresignation Tuesday. Oxendale will remain througgh the endof 2009. He also is resigning the presidencuyof Children’s foundation, a position he has held since 2008. who was traveling Tuesday was notimmediately available. He joinedf the hospital 14 years ago asits CFO. He becamed COO in 2000 and replaceed Ron Violi as president and CEOin 2005. Oxendale dropper the president title when he took the post at the foundatiohnlast year.
Children’s spokesman Marc Lucasiaj said the organization will be conducting a search to fill the foundationb position but will not continue the CEO Christopher Gessner will continue to serve as presidentof Children’e Hospital. He was appointed in 2008 after eight yearx as chiefoperating officer. Children’x in Pittsburgh’s Lawrenceville neighborhood May 2. It launcheed a $100 million capital campaign last fall to help payfor it.
John vice president of Witt/Kieffer, a recruitmentg firm specializing in the nonprofit said it will be tough to find a new president for the butthat Children’s is “well to attract strong “It’s becoming increasingly more difficult to find top-notch developmenf and advancement professionals,” Thornburgh said. “But I believe Children’s is in a stronger position becausee ofits reputation. The new buildint will be an asset in recruitinfgexcellent candidates, and, frankly, fundraising for children’s causes is somethingg that the community responds to bette r than other nonprofits.
”
Monday, December 3, 2012
KU names 17th chancellor - Wichita Business Journal:
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She becomes KU’s first woman Gray-Little is a former psychology professor who serves as dean of the College of Arts and Sciences atthe . Gray-Little replaces Robert Hemenway, who is leavinfg his post to teach and in Topeka. Gray-Little will begihn her chancellorshipon Aug. 15. “She rose to the top of an exceptionallgy talented and competitive poolof applicants,” said Dona chair of the board, in a “Dr. Gray- Little’s outstanding recore of academic excellence and impressive administrativre leadership throughout hernotable career, alont with her inspiring enthusiasm and character, make it cleae that she is ideally-suitex to propel KU to even loftier heights.
” Gray-Little will leavde her post as the executive vice chancellor and provostg at UNC, a positions she’s held since 2006. She earned her doctoratse and master’s degrees from and receiveed a bachelor’s degree from in Pennsylvania. Gray-Littlw will be formally introduced to KU and the Lawrencecommunitu Saturday.
She becomes KU’s first woman Gray-Little is a former psychology professor who serves as dean of the College of Arts and Sciences atthe . Gray-Little replaces Robert Hemenway, who is leavinfg his post to teach and in Topeka. Gray-Little will begihn her chancellorshipon Aug. 15. “She rose to the top of an exceptionallgy talented and competitive poolof applicants,” said Dona chair of the board, in a “Dr. Gray- Little’s outstanding recore of academic excellence and impressive administrativre leadership throughout hernotable career, alont with her inspiring enthusiasm and character, make it cleae that she is ideally-suitex to propel KU to even loftier heights.
” Gray-Little will leavde her post as the executive vice chancellor and provostg at UNC, a positions she’s held since 2006. She earned her doctoratse and master’s degrees from and receiveed a bachelor’s degree from in Pennsylvania. Gray-Littlw will be formally introduced to KU and the Lawrencecommunitu Saturday.
Friday, November 30, 2012
Missouri approves KCP&L rate increase - Triangle Business Journal:
karnergetajequ1416.blogspot.com
million that KCP&L had sought. PSC spokesman Gregb Ochoa said that the PSC staff estimatedr the increase will raise a typicaloresidential customer’s bill about $12.823 a month. A typicapl customer is considered to be one that uses 700 kilowat t hours of electricity a month in wintetand 1,200 kWh a month in the Ochoa said. “Our customers depenx on us to provide affordable andreliable power,” KCP&L CEO Mike Chesser said in a writte statement responding to the PSC approval. “Thixs rate increase will help us pay for environmentakl investments we have alreadyg made to several ofour coal-fired poweer plants.
The installation of such pollution-controol equipment will improve air quality for our region and alloqw us to meet future federalenvironmental mandates. We recognizw that this is a challenging time to ask customera to pay morefor electricity, and we didn’ t make this decision lightly.” Kansas City-based (NYSE: GXP), KCP&L’sd parent, that KCP&L had reachecd an agreement in principle with the PSC to settl its pending Missouri rate case. Great Plainsz Energy ranks No.
5 on the Kansaxs City BusinessJournal ’s list of area public
million that KCP&L had sought. PSC spokesman Gregb Ochoa said that the PSC staff estimatedr the increase will raise a typicaloresidential customer’s bill about $12.823 a month. A typicapl customer is considered to be one that uses 700 kilowat t hours of electricity a month in wintetand 1,200 kWh a month in the Ochoa said. “Our customers depenx on us to provide affordable andreliable power,” KCP&L CEO Mike Chesser said in a writte statement responding to the PSC approval. “Thixs rate increase will help us pay for environmentakl investments we have alreadyg made to several ofour coal-fired poweer plants.
The installation of such pollution-controol equipment will improve air quality for our region and alloqw us to meet future federalenvironmental mandates. We recognizw that this is a challenging time to ask customera to pay morefor electricity, and we didn’ t make this decision lightly.” Kansas City-based (NYSE: GXP), KCP&L’sd parent, that KCP&L had reachecd an agreement in principle with the PSC to settl its pending Missouri rate case. Great Plainsz Energy ranks No.
5 on the Kansaxs City BusinessJournal ’s list of area public
Thursday, November 29, 2012
Kendall
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million foreclosure lawsuit against the develope r of theRivendell single-family home project in West The Miami-based bank filed the foreclosure action on June 9 against Miami-basedf Crestview II, Marsol One LLC and managingt member Marcial Solis, according to records. The complain targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th Street) between Southwesf 167th Avenue and the Miccosukee Golf and Country After starting construction in Crestview II sold 103 homese in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demanx for $12.
2 million on the outstanding did not immediately returnm a call seeking comment. TotalBank reportec having $86.4 million in late or unpaic loans, or nearly 6.5 percent of its totalk loans, as of Marchb 31. In March, filed a foreclosure action against Crestview II and Solisd overa $2.1 millioj mortgage.
million foreclosure lawsuit against the develope r of theRivendell single-family home project in West The Miami-based bank filed the foreclosure action on June 9 against Miami-basedf Crestview II, Marsol One LLC and managingt member Marcial Solis, according to records. The complain targets 28 unsold homes and home sites in which is along MillerDrive (Southwest 56th Street) between Southwesf 167th Avenue and the Miccosukee Golf and Country After starting construction in Crestview II sold 103 homese in Rivendell from 2005 through the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demanx for $12.
2 million on the outstanding did not immediately returnm a call seeking comment. TotalBank reportec having $86.4 million in late or unpaic loans, or nearly 6.5 percent of its totalk loans, as of Marchb 31. In March, filed a foreclosure action against Crestview II and Solisd overa $2.1 millioj mortgage.
Wednesday, November 28, 2012
IRS seeks repeal of work cell-phone tax - Dayton Business Journal:
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The agency created an uproar when it proposerd ways to simplify compliance with currenttax law, whicgh treats personal use of work-supplied cell phones as personal That law is “burdensome, poorly understood by taxpayeres and difficult for the IRS to administerd consistently,” IRS Commissioner Doug Shulman said in a To simplify compliance, the IRS sought comment on several options, includee treating 25 percent of the cell phone’z use as personal use. That created an uproar, and some reporte “incorrectly implied that the IRSis ‘cracking down’ on employeee use of employer-provided cell phones,” Shulmab said.
In response, the IRS and the have askedx Congress “to make clear that there will be no tax consequencd to employers or employees for personalp useof work-related devices such as cell phonea provided by employers,” Shulman said. “Thwe passage of time, advancee in technology and the nature of communicationxs in the modern workplace have rendereed thislaw obsolete,” he said. The House passedc legislation last year to repeal the cellphond tax, but it failed to pass the
The agency created an uproar when it proposerd ways to simplify compliance with currenttax law, whicgh treats personal use of work-supplied cell phones as personal That law is “burdensome, poorly understood by taxpayeres and difficult for the IRS to administerd consistently,” IRS Commissioner Doug Shulman said in a To simplify compliance, the IRS sought comment on several options, includee treating 25 percent of the cell phone’z use as personal use. That created an uproar, and some reporte “incorrectly implied that the IRSis ‘cracking down’ on employeee use of employer-provided cell phones,” Shulmab said.
In response, the IRS and the have askedx Congress “to make clear that there will be no tax consequencd to employers or employees for personalp useof work-related devices such as cell phonea provided by employers,” Shulman said. “Thwe passage of time, advancee in technology and the nature of communicationxs in the modern workplace have rendereed thislaw obsolete,” he said. The House passedc legislation last year to repeal the cellphond tax, but it failed to pass the
Monday, November 26, 2012
Moore & Van Allen honored for corporate law - Charlotte Business Journal:
sucujovide.wordpress.com
The magazine's annual report surveys boards directors of publicly traded Respondents were asked to select the five local law firmzs they would most likely select to aid theitr companies on a broad range of corporatrelegal issues. The top five corporate law firms in Charlotte for2007 (with 2006 rankings in parenthesis), accordintg to the directors surveyed by Corporate Board Member, are: 1. Moorw & Van Allen (1, tie) 2. 3. 3. (tie) (1, tie) 5.
"Doing well in our surve y has become a singular badgrof honor, for the very reaso that it doesn't come from the law firms' peers," says Williamj Rukeyser, editorial director of Corporate Board "It's an accolade from their customera -- the directors, executives and generakl counsel who hire them, pay theire bills and thrive or suffer from their To be included in the magazine'sx survey, firms had to practice business, corporate or commercial law.
In they had to be one of the 20 largesy firms in its area by numberof
The magazine's annual report surveys boards directors of publicly traded Respondents were asked to select the five local law firmzs they would most likely select to aid theitr companies on a broad range of corporatrelegal issues. The top five corporate law firms in Charlotte for2007 (with 2006 rankings in parenthesis), accordintg to the directors surveyed by Corporate Board Member, are: 1. Moorw & Van Allen (1, tie) 2. 3. 3. (tie) (1, tie) 5.
"Doing well in our surve y has become a singular badgrof honor, for the very reaso that it doesn't come from the law firms' peers," says Williamj Rukeyser, editorial director of Corporate Board "It's an accolade from their customera -- the directors, executives and generakl counsel who hire them, pay theire bills and thrive or suffer from their To be included in the magazine'sx survey, firms had to practice business, corporate or commercial law.
In they had to be one of the 20 largesy firms in its area by numberof
Friday, November 23, 2012
Obama: Public plan would
jabire2389.blogspot.com
If insurance companies do provide good insurancse totheir customers, then they should have nothing to fear from a government-ruh competitor, he said. “They should be able to compete,” he If the public plan is able to reduc e administrativecosts significantly, private insurers shoulfd take note and see if they can do the same. “Theres shouldn’t be any objectionn to that,” Obama said. The public plan should be required tocollect premiums, not be “simplu eating off the taxpayer trough,” he added.
Healtgh insurers and many businesd groups contend a public plan wouldc have an unfair advantage becauseit wouldn’t be subjectg to all the rules imposed on private insurerxs and likely would pay health providersw less for their services. This couldf crowd out many private insurers and lead providerx to charge private insurers more to make up for the lost incomew from thepublic plan, they contend.
When asked whether includinf a public plan in health care reformwas non-negotiable, the presidengt said, “We are still early in this “We have not drawn a line in the sand, other than reform has to control costs, and it has to provide relief to people who don’t have healthj insurance or are underinsured.” Obama also was aske what he thought about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financial regulator y reform plan proposes expanding the Fed’s “I think he has done a very good job undedr very difficult circumstances,” Obama said.
All regulators fell short of doing what was needed to prevenf thefinancial crisis, but the Fed “probabluy performed better than most,” he said. Sincs the financial crisis erupted, Bernankwe has “performed very well,” Obamq said.
If insurance companies do provide good insurancse totheir customers, then they should have nothing to fear from a government-ruh competitor, he said. “They should be able to compete,” he If the public plan is able to reduc e administrativecosts significantly, private insurers shoulfd take note and see if they can do the same. “Theres shouldn’t be any objectionn to that,” Obama said. The public plan should be required tocollect premiums, not be “simplu eating off the taxpayer trough,” he added.
Healtgh insurers and many businesd groups contend a public plan wouldc have an unfair advantage becauseit wouldn’t be subjectg to all the rules imposed on private insurerxs and likely would pay health providersw less for their services. This couldf crowd out many private insurers and lead providerx to charge private insurers more to make up for the lost incomew from thepublic plan, they contend.
When asked whether includinf a public plan in health care reformwas non-negotiable, the presidengt said, “We are still early in this “We have not drawn a line in the sand, other than reform has to control costs, and it has to provide relief to people who don’t have healthj insurance or are underinsured.” Obama also was aske what he thought about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financial regulator y reform plan proposes expanding the Fed’s “I think he has done a very good job undedr very difficult circumstances,” Obama said.
All regulators fell short of doing what was needed to prevenf thefinancial crisis, but the Fed “probabluy performed better than most,” he said. Sincs the financial crisis erupted, Bernankwe has “performed very well,” Obamq said.
Wednesday, November 21, 2012
Kinks identified in new dispatch system - Hometownlife.com
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Kinks identified in new dispatch system Hometownlife.com Observer; Eccentric; Hometown; Sports · Business · Life · Opinion · Obituaries · Help · Canton · Farmington · Farmington Hills · Garden City · Livonia · Plymouth · Plymouth Township · Redford · Westland. LATEST HEADLINES. Kinks identified in new ... |
Monday, November 19, 2012
Atlantic Broadband restructures debt - Tampa Bay Business Journal:
evlampiyacyxybyw.blogspot.com
recently restructured most of its heavy debt load as it facer payingnearly $500 million in cash obligations through the end of 2011. The privately-helx company said a group of lenders agreed to extend the maturitty dateon $325 million worth of debt from September 2011 to June according to SEC filings. In addition, revolvint credit lenders agreed to extend the maturityon $40.p million due March 1, 2010 to March 1, 2012. Atlantifc Broadband has about 287,000 cable, 131,00 0 residential high-speed Internet and 55,000 residential telephone In 2003, the company struck a deal to purchasse cable systemsin Pennsylvania, Florida, Maryland, West Delaware and New York from St. Louis-based .
The purchasee price was about $738 million, and the deal closeed the following year. To help fund the Atlantic Broadband receiveda $305 million term loan and a $90 millionj revolving credit facility with a group of lenders that included Merrillp Lynch, (NYSE: GE), Societe Generale and Calyon Corporatr and Investment Bank. At the end of the company had total debt outstandingof $603.7 million, including capital lease obligations. The companh generated net incomeof $10.66 million in the first quarter, comparesd with a year-earlier net loss of $1.05 million. Cable servic revenue in the quarter increasedto $73.8 million, up from $67.
2 million in the year-earlier period, according to regulatorgy filings.
recently restructured most of its heavy debt load as it facer payingnearly $500 million in cash obligations through the end of 2011. The privately-helx company said a group of lenders agreed to extend the maturitty dateon $325 million worth of debt from September 2011 to June according to SEC filings. In addition, revolvint credit lenders agreed to extend the maturityon $40.p million due March 1, 2010 to March 1, 2012. Atlantifc Broadband has about 287,000 cable, 131,00 0 residential high-speed Internet and 55,000 residential telephone In 2003, the company struck a deal to purchasse cable systemsin Pennsylvania, Florida, Maryland, West Delaware and New York from St. Louis-based .
The purchasee price was about $738 million, and the deal closeed the following year. To help fund the Atlantic Broadband receiveda $305 million term loan and a $90 millionj revolving credit facility with a group of lenders that included Merrillp Lynch, (NYSE: GE), Societe Generale and Calyon Corporatr and Investment Bank. At the end of the company had total debt outstandingof $603.7 million, including capital lease obligations. The companh generated net incomeof $10.66 million in the first quarter, comparesd with a year-earlier net loss of $1.05 million. Cable servic revenue in the quarter increasedto $73.8 million, up from $67.
2 million in the year-earlier period, according to regulatorgy filings.
Sunday, November 18, 2012
Facebook, Think settle trademark dispute - Minneapolis / St. Paul Business Journal:
eragywaqer.wordpress.com
Palo Alto-based Facebook and Think did not disclose terms ofthe Think's CEO and founder, Aaron Greenspan, attended Harvard with Facebook CEO and founder Mark Zuckerberg in where both were "entrepreneurially minded programmers," the companiew said. Starting in August 2003, Think releaserd a Web-based student portal callede houseSYSTEM through a Harvar dstudent group. This software was designed to make life easierfor faculty, and alumni. By September 2003, houseSYSTEM featured a section (devisex and implemented by Greenspan) calledd "The Universal Face Book" (sometimes called "The Face Book").
Think'w system contained a numbed of features, including a coursee scheduler, student marketplace, email service, automatic birthday message boards, photo album, digital flyer event calendar (with online RSVP's), map job placement, and local business reviews. At launch, houseSYSTEM did not feature member profilees due to campussecurity concerns. Profiles were added afterd Zuckerberg launched Facebook inFebruar 2004, along with new features, allowint friends to record the way they had met and notingy the strength of their relationships.
"Aaronn and I studied together at Harvardand I've always admirec his entrepreneurial spirit and love of building I appreciate his hard work and innovatio n that led to buildintg houseSYSTEM, including the Universal Face Book feature. At school, I was even a member of houseSYSTEM. We are pleased that we'vee been able to amicably resolveour differences," Zuckerberg said in a prepared statement. "I am glad that my contributions have been recognized by said Greenspan. "Mark has built a tremendous company at Facebook, and I wish them continues success in the future.
"
Palo Alto-based Facebook and Think did not disclose terms ofthe Think's CEO and founder, Aaron Greenspan, attended Harvard with Facebook CEO and founder Mark Zuckerberg in where both were "entrepreneurially minded programmers," the companiew said. Starting in August 2003, Think releaserd a Web-based student portal callede houseSYSTEM through a Harvar dstudent group. This software was designed to make life easierfor faculty, and alumni. By September 2003, houseSYSTEM featured a section (devisex and implemented by Greenspan) calledd "The Universal Face Book" (sometimes called "The Face Book").
Think'w system contained a numbed of features, including a coursee scheduler, student marketplace, email service, automatic birthday message boards, photo album, digital flyer event calendar (with online RSVP's), map job placement, and local business reviews. At launch, houseSYSTEM did not feature member profilees due to campussecurity concerns. Profiles were added afterd Zuckerberg launched Facebook inFebruar 2004, along with new features, allowint friends to record the way they had met and notingy the strength of their relationships.
"Aaronn and I studied together at Harvardand I've always admirec his entrepreneurial spirit and love of building I appreciate his hard work and innovatio n that led to buildintg houseSYSTEM, including the Universal Face Book feature. At school, I was even a member of houseSYSTEM. We are pleased that we'vee been able to amicably resolveour differences," Zuckerberg said in a prepared statement. "I am glad that my contributions have been recognized by said Greenspan. "Mark has built a tremendous company at Facebook, and I wish them continues success in the future.
"
Friday, November 16, 2012
Fred Weber wins $4M Mississippi River Bridge contract - Puget Sound Business Journal (Seattle):
tenamup.wordpress.com
awarded Fred Weber a $4.44 million contracyt Wednesday to remove and replace the Madisonb Streetand St. Louis Avenue bridges over Interstate 70 indowntown St. The majority of work on this projec t will start afterHighway 40/Interstate 64 reopens between Kingshighwah and Interstate 170. Crews will removse the St. Louis Avenue bridge first and then remover and replace the MadisonStreetr bridge. During work to remove the MadisobStreet bridge, crews will also removse the Cass Avenue bridge in preparation for replacint that bridge later in 2010.
This work is part of preliminary work on a new Mississippikriver bridge, which is expected to reducse congestion on the Poplar Street Maryland Heights, Mo.-based Fred Weber is one of the largesgt privately held companies in St. Louias with $353.3 million in revenue in 2008. The commercial constructiob firm is also working onthe $245 millionm reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins states park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwauy 40/Interstate 64.
awarded Fred Weber a $4.44 million contracyt Wednesday to remove and replace the Madisonb Streetand St. Louis Avenue bridges over Interstate 70 indowntown St. The majority of work on this projec t will start afterHighway 40/Interstate 64 reopens between Kingshighwah and Interstate 170. Crews will removse the St. Louis Avenue bridge first and then remover and replace the MadisonStreetr bridge. During work to remove the MadisobStreet bridge, crews will also removse the Cass Avenue bridge in preparation for replacint that bridge later in 2010.
This work is part of preliminary work on a new Mississippikriver bridge, which is expected to reducse congestion on the Poplar Street Maryland Heights, Mo.-based Fred Weber is one of the largesgt privately held companies in St. Louias with $353.3 million in revenue in 2008. The commercial constructiob firm is also working onthe $245 millionm reconstruction of AmerenUE’s Taum Sauk Reservoir in Johnson’s Shut-Ins states park and is part of Gateway Constructors, the consortiukm of contractors performing $535 million worth of improvements on Highwauy 40/Interstate 64.
Thursday, November 15, 2012
Hydro to head 'em off at the trail bypass - Campbell River Mirror
ogarawo.wordpress.com
Hydro to head 'em off at the trail bypass Campbell River Mirror If it does, construction to build a new generating station, and the replacement of the wood stave pipelines running from John Hart Lake to the generating station with a two-kilometre long tunnel, could begin next summer. In addition to the Canyon View ... |
Wednesday, November 14, 2012
Numonyx to lay off 10 percent of staff - Sacramento Business Journal:
shemwellmygalej1291.blogspot.com
The company — a jointy venture between and — will lay off 46 of its 450 according to a letter to Sacramentok County SupervisorSusan Peters. The company will eliminate the high-paying jobs June 8, or withihn two weeks of that The affected employees include 11 componenytdesign engineers, eight engineeringg technicians and 27 others including engineers, finance analysts and commodity and materiald specialists. Mark Miller, a locak spokesman for Switzerland-based parent companhy , declined to comment on the Folsomm layoffs. “Like every other the worldwide economic situation is suchthat we’ve had to work on reducing costs,” he said.
Cost-cutting efforts includw everything from layoffs to reducing hours of its manufacturing operationesin Italy, Israel and he said. “Globally, we are trying to reduce costw to be more in line with current business Miller said, adding that cuts are not unique to Numonyx is a flash memory supplier founded last year. The companyh focuses on delivering memory for cell digitalmusic players, cameras and other mobilee equipment. It has 7,000 employees worldwide.
The average local Numonyx employer salaryis $115,000, according to the city of Joe Luchi, economic development coordinator for Folsom, said it’s his understanding the company has about 460 employees and stilol plans to relocate more than 400 to new offices in “We’re disappointed that they’re looking to reducr staffing,” Luchi said, adding that in the economic downturmn it’s “anyone’s guess” whether more cuts could “We’re keeping our fingers Last month, Numonyx signed a lease for two buildingd totaling 96,000 square feet at the Folsom Corporats Center at 2235 Iron Point Road.
The compang still plans to move most of its work forced from the Intel campus at 1900 Prairie City Road in Folsok by the end ofthis year, and have all of its employeesz moved by June 2010. A 56,000-square-foot buildinh already is on the site, and plans call for an additionapl 40,000-square-foot building. Final buildout is expected in early 2010. Gopa n Madathil, president of , a business networking group in Sacramento, said he is not surprised by the layoffs. It’e not unusual for companies to “right-size” when they combiner forces, he said. “To my knowledge, this is the first layoftf they are havingin Folsom,” he said.
“It should have very minimalo impact, if anything.” Madathil said he wouldn’t be surprisedc if there were “a little bit more” Numonyx layoffs in but “I wouldn’t be overlyg worried about that.” Numonyx was formed when the market demand for its productsewas higher. For example, the company sellsz its chips to the mobile phone which has shrunk since ayear ago, he said. “Sk they have to adjust their forecast accordingly,” Madathill said. The Sacramento region does not have a largw pool of semiconductor companies to absorb the Madathilsaid it’s a cyclical industry that’s strugglin in the Bay Area — and nationwide.
At the same he said, there could be locakl job openings, albeit increasingl competitive, at companies such as Intel, or Akros Silicon. “In their talent is not so uniqure thatthey won’t find jobs elsewhere,” Madathi said. But the cuts will continuw to add to the growing joblesa ranks inthe four-county region. Sacramento-area’sw jobless rate increased to a modern-day record of 11.
3 percenf in March, with about 121,000 peoplre looking for work, according to the state EmploymentDevelopment
The company — a jointy venture between and — will lay off 46 of its 450 according to a letter to Sacramentok County SupervisorSusan Peters. The company will eliminate the high-paying jobs June 8, or withihn two weeks of that The affected employees include 11 componenytdesign engineers, eight engineeringg technicians and 27 others including engineers, finance analysts and commodity and materiald specialists. Mark Miller, a locak spokesman for Switzerland-based parent companhy , declined to comment on the Folsomm layoffs. “Like every other the worldwide economic situation is suchthat we’ve had to work on reducing costs,” he said.
Cost-cutting efforts includw everything from layoffs to reducing hours of its manufacturing operationesin Italy, Israel and he said. “Globally, we are trying to reduce costw to be more in line with current business Miller said, adding that cuts are not unique to Numonyx is a flash memory supplier founded last year. The companyh focuses on delivering memory for cell digitalmusic players, cameras and other mobilee equipment. It has 7,000 employees worldwide.
The average local Numonyx employer salaryis $115,000, according to the city of Joe Luchi, economic development coordinator for Folsom, said it’s his understanding the company has about 460 employees and stilol plans to relocate more than 400 to new offices in “We’re disappointed that they’re looking to reducr staffing,” Luchi said, adding that in the economic downturmn it’s “anyone’s guess” whether more cuts could “We’re keeping our fingers Last month, Numonyx signed a lease for two buildingd totaling 96,000 square feet at the Folsom Corporats Center at 2235 Iron Point Road.
The compang still plans to move most of its work forced from the Intel campus at 1900 Prairie City Road in Folsok by the end ofthis year, and have all of its employeesz moved by June 2010. A 56,000-square-foot buildinh already is on the site, and plans call for an additionapl 40,000-square-foot building. Final buildout is expected in early 2010. Gopa n Madathil, president of , a business networking group in Sacramento, said he is not surprised by the layoffs. It’e not unusual for companies to “right-size” when they combiner forces, he said. “To my knowledge, this is the first layoftf they are havingin Folsom,” he said.
“It should have very minimalo impact, if anything.” Madathil said he wouldn’t be surprisedc if there were “a little bit more” Numonyx layoffs in but “I wouldn’t be overlyg worried about that.” Numonyx was formed when the market demand for its productsewas higher. For example, the company sellsz its chips to the mobile phone which has shrunk since ayear ago, he said. “Sk they have to adjust their forecast accordingly,” Madathill said. The Sacramento region does not have a largw pool of semiconductor companies to absorb the Madathilsaid it’s a cyclical industry that’s strugglin in the Bay Area — and nationwide.
At the same he said, there could be locakl job openings, albeit increasingl competitive, at companies such as Intel, or Akros Silicon. “In their talent is not so uniqure thatthey won’t find jobs elsewhere,” Madathi said. But the cuts will continuw to add to the growing joblesa ranks inthe four-county region. Sacramento-area’sw jobless rate increased to a modern-day record of 11.
3 percenf in March, with about 121,000 peoplre looking for work, according to the state EmploymentDevelopment
Monday, November 12, 2012
D.C. to reduce Rock Creek pollution - Washington Business Journal:
eragywaqer.wordpress.com
The grant came directly from the foundation and not fromstimulud monies. D.C.’s low-impact developmentt proposal was one of 24 picked this year to get fundintg to weed out pollution in the Chesapeake Bay andits “This grant gives us the opportunitgy to deal with stormwater differentl and on a largerf scale than ever before,” said Georg e Hawkins, department director. “If we help natur e absorb and filter there may be less of it to and less of it to carry pollutants into our rivers and The department’s pilot project spans 14 acres surrounding Rock Creek.
Throughu the funding, the department will instalpl green roofs, vegetation and porous pavement to absorb stormwater at the The purpose is to find out if that type of work can reducer runoff and the resulting pollutionto D.C. The $12.9 million in grants covere six statesand D.C.
The grant came directly from the foundation and not fromstimulud monies. D.C.’s low-impact developmentt proposal was one of 24 picked this year to get fundintg to weed out pollution in the Chesapeake Bay andits “This grant gives us the opportunitgy to deal with stormwater differentl and on a largerf scale than ever before,” said Georg e Hawkins, department director. “If we help natur e absorb and filter there may be less of it to and less of it to carry pollutants into our rivers and The department’s pilot project spans 14 acres surrounding Rock Creek.
Throughu the funding, the department will instalpl green roofs, vegetation and porous pavement to absorb stormwater at the The purpose is to find out if that type of work can reducer runoff and the resulting pollutionto D.C. The $12.9 million in grants covere six statesand D.C.
Sunday, November 11, 2012
Business Journalist/Writer - Bizcommunity.com
cicugaha.wordpress.com
Business Journalist/Writer Bizcommunity.com A business journalist/writer is required by Global Africa Network for its online business platform, Frontier Market Network (www.frontiermarketnetwork.com). The position would involve researching and writing articles as well as repackaging existing ... |
Thursday, November 8, 2012
Vail Resorts plans wage cuts in face of declining visits - Denver Business Journal:
stelauguqdinec.blogspot.com
The pay cuts, which will take effect at or near the end of the currentgwinter season, will be implemented on a slidinv scale, from 2.5 percent for seasonap employees to 10 percent for It will be offset partially by a grantinbg of stock-based incentive compensatiobn for all full-time employees, rangingt from 1.5 percent to 7.5 percent of salaries. Resort-related earnings fell 8.3 percent from last year a $9.6 million decline — as out-of-state and overnight visitorsa were less likely to come tothe company’z five mountain resort properties and to spend less money when they did show up.
The Broomfield-base company (NYSE: MTN) operates the Breckenridge, Keystone and Beaver Creek winter resorts in Coloradko and Heavenly Mountain Resorft onthe California-Nevada border. “Our second quartetr resort segment results, which encompass the first part of the ski reflect the impact of the severe downturbn inthe economy,” Vail Resorts CEO Rob Katz said in a Katz, who announced he will receive no salar y for one year and then take a 15 percent pay cut, added that the February through April which is when Vail Resorts typically gets its most could show bigger revenue “We do expect that for the remaindee of the fiscal year the trensd of our results to the priod year will worsen from the resultw realized in the second quarter,” he said.
“Thiz is due primarily to the third quarter being a historicallyu larger revenue quarter than the second quarterr with he continuing negative trends having agreatert impact.” From November through January, lift-ticket revenuw fell $6.8 million or 5.1 percent, while revenues for the company’s ancillary businesses dropped even more. Ski school revenue decreased 17.6 percent, dining revenue fell 11.4 percenrt and retail and rental revenu droppedby 11.3 percent. Lodging revenue rose by $6.8 millioj or 18.2 percent, due largely to the opening of the Arrabellee resort in Vail and the acquisition of the Coloradp Mountain Express airportshuttle service.
Without thoses two factors, lodging segment revenue would have decreasexdby 13.2 percent as both destinationj visitors and group-room nights declined, Katz said. One brightt spot in the second-quarter fiscal report was an 18.2 increaswe in season-pass revenue, leading to a 0.9 percent increase in skier visitsat Vail’s four Colorado Because of that, the percentage of in-statse visitors schussing down the slopes increased from 41 percent to 48 percent, Katz In response, the company announced it would offet its Epic Season Pass, allowing unlimited visit to the four site s as well as Arapahoe for the same $579 pric e next year as it charge d this year.
The offer is good through April 9, and purchasera must put down onlya $49 down with the balance due in September, Katz Vail Resorts also announceed that Katz has been named chairman of the company’s boarcd of directors.
The pay cuts, which will take effect at or near the end of the currentgwinter season, will be implemented on a slidinv scale, from 2.5 percent for seasonap employees to 10 percent for It will be offset partially by a grantinbg of stock-based incentive compensatiobn for all full-time employees, rangingt from 1.5 percent to 7.5 percent of salaries. Resort-related earnings fell 8.3 percent from last year a $9.6 million decline — as out-of-state and overnight visitorsa were less likely to come tothe company’z five mountain resort properties and to spend less money when they did show up.
The Broomfield-base company (NYSE: MTN) operates the Breckenridge, Keystone and Beaver Creek winter resorts in Coloradko and Heavenly Mountain Resorft onthe California-Nevada border. “Our second quartetr resort segment results, which encompass the first part of the ski reflect the impact of the severe downturbn inthe economy,” Vail Resorts CEO Rob Katz said in a Katz, who announced he will receive no salar y for one year and then take a 15 percent pay cut, added that the February through April which is when Vail Resorts typically gets its most could show bigger revenue “We do expect that for the remaindee of the fiscal year the trensd of our results to the priod year will worsen from the resultw realized in the second quarter,” he said.
“Thiz is due primarily to the third quarter being a historicallyu larger revenue quarter than the second quarterr with he continuing negative trends having agreatert impact.” From November through January, lift-ticket revenuw fell $6.8 million or 5.1 percent, while revenues for the company’s ancillary businesses dropped even more. Ski school revenue decreased 17.6 percent, dining revenue fell 11.4 percenrt and retail and rental revenu droppedby 11.3 percent. Lodging revenue rose by $6.8 millioj or 18.2 percent, due largely to the opening of the Arrabellee resort in Vail and the acquisition of the Coloradp Mountain Express airportshuttle service.
Without thoses two factors, lodging segment revenue would have decreasexdby 13.2 percent as both destinationj visitors and group-room nights declined, Katz said. One brightt spot in the second-quarter fiscal report was an 18.2 increaswe in season-pass revenue, leading to a 0.9 percent increase in skier visitsat Vail’s four Colorado Because of that, the percentage of in-statse visitors schussing down the slopes increased from 41 percent to 48 percent, Katz In response, the company announced it would offet its Epic Season Pass, allowing unlimited visit to the four site s as well as Arapahoe for the same $579 pric e next year as it charge d this year.
The offer is good through April 9, and purchasera must put down onlya $49 down with the balance due in September, Katz Vail Resorts also announceed that Katz has been named chairman of the company’s boarcd of directors.
Wednesday, November 7, 2012
Poll: Will someone knock off Oregon? - ESPN (blog)
youngmanmeledero1636.blogspot.com
Poll: Will someone knock off Oregon? ESPN (blog) Poll: Will someone knock off Oregon? November, 6, 2012. Nov 6. 7:00. PM ET. By Kevin Gemmell | ESPN.com. Recommend0 · Tweet0 · Comments0 · Email · Print. Oregon's path is clear. Win out, and there is a (fictitiously estimated) 94.393 percent chance the ... |
Monday, November 5, 2012
Consumer confidence falls in June - San Francisco Business Times:
ogarawo.wordpress.com
The Conference Board’s Consumer Confidence Index droppedto 49.3, comparedd with 54.8 in May, the most recengt evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unitedx States, making a decline in consumer confidencwe a worry from Main Street to Wall Consumers are downbeat when it comesz to the short- and long-term outlook with the The Present Situation Index basically, how do you feel today dropped to 24.8 this month, from 29.7 in May. And consumersx are glum about the nextsix months, with the Expectations Inded falling to 65.5, from 71.5 in May.
The Presenft Situation Index declinewas “caused by a less favorablr assessment of business conditions and employment, (and) continuea to imply that economic while not as weak as earlierf this year, are nonetheless weak,” director Lynn Franclo said in a news release Tuesday. Consumer confidence plummetedr toa record-low 25.3 in February. The economy has strong growtgh when the indexreaches 100. The Conferencde Board contacts 5,000 households for the monthlhy index.
The Conference Board’s Consumer Confidence Index droppedto 49.3, comparedd with 54.8 in May, the most recengt evidence that the economy continues to Consumer spending accounts for about two-thirds of the economy in the Unitedx States, making a decline in consumer confidencwe a worry from Main Street to Wall Consumers are downbeat when it comesz to the short- and long-term outlook with the The Present Situation Index basically, how do you feel today dropped to 24.8 this month, from 29.7 in May. And consumersx are glum about the nextsix months, with the Expectations Inded falling to 65.5, from 71.5 in May.
The Presenft Situation Index declinewas “caused by a less favorablr assessment of business conditions and employment, (and) continuea to imply that economic while not as weak as earlierf this year, are nonetheless weak,” director Lynn Franclo said in a news release Tuesday. Consumer confidence plummetedr toa record-low 25.3 in February. The economy has strong growtgh when the indexreaches 100. The Conferencde Board contacts 5,000 households for the monthlhy index.
Sunday, November 4, 2012
Sierra College program gets $1M endowment - The Business Journal of Milwaukee:
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The college’s program, also known as OLLI, received the $1 millioj endowment from the BernardOsher Foundation, which is the organization that has providecd initial funding to OLLI programs at 122 colleges and universities nationwide. Sierrs College is the only community college in Californiq and one of only three communitg colleges in the nationb to receivethe $1 million endowment. The Rocklin college receivedx the endowment because it has been so successfu l with growing enrollment since launchinfg the program in springof 2001. Sierrq College has grown the prograjmto 5,580 enrollees last year, from 1,038 in 2001. Sierra College is scheduled to formally announce the endowmentJune 18.
This $1 milliom endowment will provide an ongoing budger that will enable the collegd to offer lifelong learning programs in The foundation created by San Francisco philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 million endowmentf once they demonstrate potential for success and sustainability. OLLI programsa provide classes, lectures and events to older adultes who have a thirst for knowledgweand community. The classes are designed for adultas age 55and over, but the Sierraw program accepts any adult student. Courses are offeredc at each of the Sierrw College campuses and at various communityt sites throughout Placer andNevada counties.
Sierra College’sd OLLI noncredit offerings are Additional topics are offered throughClub OLLI, wheres annual membership fees are $35. As the Business Journal reported in a featured on local OLLI programs in other OLLI programs can be found at Californiwa State University Sacramento and at the UC Davis Much of the increasedd demand for OLLIs and similar lifelong learning programsz can be attributed to the growinv ranks ofolder Americans.
The college’s program, also known as OLLI, received the $1 millioj endowment from the BernardOsher Foundation, which is the organization that has providecd initial funding to OLLI programs at 122 colleges and universities nationwide. Sierrs College is the only community college in Californiq and one of only three communitg colleges in the nationb to receivethe $1 million endowment. The Rocklin college receivedx the endowment because it has been so successfu l with growing enrollment since launchinfg the program in springof 2001. Sierrq College has grown the prograjmto 5,580 enrollees last year, from 1,038 in 2001. Sierra College is scheduled to formally announce the endowmentJune 18.
This $1 milliom endowment will provide an ongoing budger that will enable the collegd to offer lifelong learning programs in The foundation created by San Francisco philanthropist Bernard Osher gives OLLIprograms $100,000 a year for up to four and then a $1 million endowmentf once they demonstrate potential for success and sustainability. OLLI programsa provide classes, lectures and events to older adultes who have a thirst for knowledgweand community. The classes are designed for adultas age 55and over, but the Sierraw program accepts any adult student. Courses are offeredc at each of the Sierrw College campuses and at various communityt sites throughout Placer andNevada counties.
Sierra College’sd OLLI noncredit offerings are Additional topics are offered throughClub OLLI, wheres annual membership fees are $35. As the Business Journal reported in a featured on local OLLI programs in other OLLI programs can be found at Californiwa State University Sacramento and at the UC Davis Much of the increasedd demand for OLLIs and similar lifelong learning programsz can be attributed to the growinv ranks ofolder Americans.
Saturday, November 3, 2012
Sunrise Senior Living prepares Jacksonville home for Alzheimers patients - Jacksonville Business Journal:
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plans to open the 65,000-square-foot facilityh this fall at 4870 Belfort Road nextto St. Luke’zs Hospital. The assisted living and Alzheimer’s care facilityy will be able to offer more than 90 residentxs a variety of amenitiesand services. “Sunriser is excited to bring this new community to Jacksonville and believesthe area’s demographics make it a grea t place for its first community in Northeasyt Florida,” company spokeswoman Sara Krueger said of the new location. Referreed to as one of the company’ds “mansion projects” because of its home-like setting, the facility will also offefr a special program for those with onsetmemor loss.
McLean, Va.-based Sunrise Senior Living (NYSE: SRZ) operateds about 450 facilities aroundthe U.S., the United Kingdom and Germany, includinbg eight others in Florida. But the companuy has struggled financially in recent reporting a fourth quarter 2008 lossof $305.67 million and announcing that if it did not restructurw its debts to the satisfaction of its creditors it woulsd be forced to file for bankruptcy according to the Washington Businessz Journal. The company struck a new deal with lenders at the end of Aprilo and in May announceda cost-savingss plan that included laying off 150 employees, mostly at the company headquarters, and terminating the chief financial officer.
Sunrise Senior Living reportec less of a loss in the firs tquarter 2009, losing $18.2 million, or 36 cents per dilutedx share, compared with a net loss of $33.1 or 66 cents per diluted share in the first quarter 2008. Accordingy to the company’s latest earnings report, as of March Sunrises Senior Living had 14 communities under construction in Northu America andthe U.K. Sunrise of Jacksonvills started construction in December 2007 and when complete will emploh 75 to100 people. A company representatived declined comment on the cost of construction for the new facilituy in Jacksonville or planz for any future Sunrisee Senior Living facilities inthe area.
Glen Palmer, the Colliers Dickinson vice president who helped the compangy find the land tobuild on, said the compan y was at one point looking for multiple piece s of land in the area but stopped future developmenft plans because of the declining “We are fortunate to have this mansion care facility in Palmer said. “I expect that once the economy improvez and residentialsales return, Sunrise will consideer additional locations in Northeast Florida as they had originally
plans to open the 65,000-square-foot facilityh this fall at 4870 Belfort Road nextto St. Luke’zs Hospital. The assisted living and Alzheimer’s care facilityy will be able to offer more than 90 residentxs a variety of amenitiesand services. “Sunriser is excited to bring this new community to Jacksonville and believesthe area’s demographics make it a grea t place for its first community in Northeasyt Florida,” company spokeswoman Sara Krueger said of the new location. Referreed to as one of the company’ds “mansion projects” because of its home-like setting, the facility will also offefr a special program for those with onsetmemor loss.
McLean, Va.-based Sunrise Senior Living (NYSE: SRZ) operateds about 450 facilities aroundthe U.S., the United Kingdom and Germany, includinbg eight others in Florida. But the companuy has struggled financially in recent reporting a fourth quarter 2008 lossof $305.67 million and announcing that if it did not restructurw its debts to the satisfaction of its creditors it woulsd be forced to file for bankruptcy according to the Washington Businessz Journal. The company struck a new deal with lenders at the end of Aprilo and in May announceda cost-savingss plan that included laying off 150 employees, mostly at the company headquarters, and terminating the chief financial officer.
Sunrise Senior Living reportec less of a loss in the firs tquarter 2009, losing $18.2 million, or 36 cents per dilutedx share, compared with a net loss of $33.1 or 66 cents per diluted share in the first quarter 2008. Accordingy to the company’s latest earnings report, as of March Sunrises Senior Living had 14 communities under construction in Northu America andthe U.K. Sunrise of Jacksonvills started construction in December 2007 and when complete will emploh 75 to100 people. A company representatived declined comment on the cost of construction for the new facilituy in Jacksonville or planz for any future Sunrisee Senior Living facilities inthe area.
Glen Palmer, the Colliers Dickinson vice president who helped the compangy find the land tobuild on, said the compan y was at one point looking for multiple piece s of land in the area but stopped future developmenft plans because of the declining “We are fortunate to have this mansion care facility in Palmer said. “I expect that once the economy improvez and residentialsales return, Sunrise will consideer additional locations in Northeast Florida as they had originally
Thursday, November 1, 2012
Tom Brady: Bye week a great time to self-evaluate - Boston.com
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TSN | Tom Brady: Bye week a great time to self-evaluate Boston.com With eight games in the can, eight games in front, and a couple of days to spare, the 5-3 Patriots have a great opportunity to evaluate themselves both individu » |
Wednesday, October 31, 2012
Women's Economic Dominance: Is It Really Inevitable? - The Atlantic
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The Atlantic | Women's Economic Dominance: Is It Really Inevitable? The Atlantic Both Liza Mundy (The Richer Sex) and Hanna Rosin (The End of Men) argue that the transition to a postindustrial, service- and knowledge-based economyâ€"in conjunction with declining gender discriminationâ€"are leading inevitably to women's economic ... |
Tuesday, October 30, 2012
Tim Cook emails staff regarding management changes: Bob Mansfield stays for ... - Today's iPhone
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Moneycontrol.com | Tim Cook emails staff regarding management changes: Bob Mansfield stays for ... Today's iPhone As you will have read by now, Scott Forst » |
Sunday, October 28, 2012
Amerijet acquires interest in Nations Express - Business First of Columbus:
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Amerijet recently announced its acquisition of SRX a Florida-based company specializing in ground handliny operations throughout Central Asia, and ownet of , an Uzbekistan certificated airline. Florida-based Amerijetg serves destinations throughoutthe Mexico, the Caribbean, Asia, and the Middle East. Its primary hub is at , with 210,000-square-fooft export and 100,000-square-foot importsz air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
Amerijet recently announced its acquisition of SRX a Florida-based company specializing in ground handliny operations throughout Central Asia, and ownet of , an Uzbekistan certificated airline. Florida-based Amerijetg serves destinations throughoutthe Mexico, the Caribbean, Asia, and the Middle East. Its primary hub is at , with 210,000-square-fooft export and 100,000-square-foot importsz air cargo handling facilities anda 50,000-square-foot ocean cargo facility.
Thursday, October 25, 2012
Forum discusses fees for fido to run free - Salt Lake Tribune
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Forum discusses fees for fido to run free Salt Lake Tribune That isn't lost on dog owners in Salt Lake City who often find any of the seven off-leash parks in the city to be overcrowded. Mayor Ralph Becker is formulating a plan to expand dog parks and that could mean a fee and tag program for dog owners ... |
Wednesday, October 24, 2012
Jury: AT&T overcharged on service fee - Dallas Business Journal:
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But the Kansas City, Kan., panel ruledr that the Dallas-based company did not conspire with or NetworServices Inc. in overcharging on the fee, whicu is used to make phone service availabl e in ruraland low-income areas, among othe r places, court documents say. Barry Barnett, a partner in the Dallad office of Susman Godfrey LLP and a lead attorney for the says the antitrust claim wasfor $400 million. The plaintiffsz haven’t decided whether to he says. In a press release, the plaintiffs say that prejudgmenftinterest “will add millions to the total amount AT&Ty owes its current and former customers.
” the company, in a statement e-mailed to this says it is “gratifiee that the jury correctlyu found no evidence of antitrust activities. We’re studying our options on the breach-of-contracg ruling involving Californiaresidential customers, and continue to believed we acted properly.” The case was a consolidationb of a number of class-action suits, whichn alleged that AT&T, Sprint and MCI conspired to overchargse for collections of the fee. The defendants all denied The federal Telecommunications Act of 1996 requiresa that phone service providers pay a variable percentage oftheir long-distance revenue into the USF fund.
The class-actionm litigation covers the timeframe Aug, 1, 2001 to Marcn 31, 2003, and claims that the defendantse conspired to fix the percentagees at which they set USF charges on customers’ bills. They also collecte and retained USF surchargesin “unreasonable amounts, discriminated in the collection of the USF and misrepresented the nature of the USF surcharges they imposd on their customers,” court documentse allege. Sprint settled its portion of the litigatiom forabout $30 million in according to court records.
Mike Northrup, a shareholded at in Dallas, says it is relatively rare for lawsuits to be certified as class actions and then proceedto “Courts tend to be very defendant-friendlg from the standpoint of class certification,” he “The defendant will typically get (the settled by the time it gets certified.”
But the Kansas City, Kan., panel ruledr that the Dallas-based company did not conspire with or NetworServices Inc. in overcharging on the fee, whicu is used to make phone service availabl e in ruraland low-income areas, among othe r places, court documents say. Barry Barnett, a partner in the Dallad office of Susman Godfrey LLP and a lead attorney for the says the antitrust claim wasfor $400 million. The plaintiffsz haven’t decided whether to he says. In a press release, the plaintiffs say that prejudgmenftinterest “will add millions to the total amount AT&Ty owes its current and former customers.
” the company, in a statement e-mailed to this says it is “gratifiee that the jury correctlyu found no evidence of antitrust activities. We’re studying our options on the breach-of-contracg ruling involving Californiaresidential customers, and continue to believed we acted properly.” The case was a consolidationb of a number of class-action suits, whichn alleged that AT&T, Sprint and MCI conspired to overchargse for collections of the fee. The defendants all denied The federal Telecommunications Act of 1996 requiresa that phone service providers pay a variable percentage oftheir long-distance revenue into the USF fund.
The class-actionm litigation covers the timeframe Aug, 1, 2001 to Marcn 31, 2003, and claims that the defendantse conspired to fix the percentagees at which they set USF charges on customers’ bills. They also collecte and retained USF surchargesin “unreasonable amounts, discriminated in the collection of the USF and misrepresented the nature of the USF surcharges they imposd on their customers,” court documentse allege. Sprint settled its portion of the litigatiom forabout $30 million in according to court records.
Mike Northrup, a shareholded at in Dallas, says it is relatively rare for lawsuits to be certified as class actions and then proceedto “Courts tend to be very defendant-friendlg from the standpoint of class certification,” he “The defendant will typically get (the settled by the time it gets certified.”
Tuesday, October 23, 2012
Column: Multi-faceted campaign a highlight of Resident Evil 6 (Oct. 20, 2012) - Cape Breton Post (blog)
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Column: Multi-faceted campaign a highlight of Resident Evil 6 (Oct. 20, 2012) Cape Breton Post (blog) After playing Resident Evil 6 this week, I felt like changing the name to Resident Evil: Greatest Hits, or maybe even Resident Evil: All-Stars. That's because you're presented with a total of four separate campaigns, each with different characters and ... |
Sunday, October 21, 2012
Charlie Baker quitting Harvard Pilgrim - Baltimore Business Journal:
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"Leaving the company is not an easy decisionfor me, but ther e is no middle ground. I am either the CEO of HarvarxdPilgrim – or I’m building a campaigb organization. I cannot do both," Baker said in a statement releaseedWednesday morning. In a fairwell e-mail, Baker thanked Harvarcd Pilgrim's staffers and touted the organization's successes over the "But I also recognize the terribled financial and operational strain that will face state and local governmentr in theyears ahead. I know both sector pretty well — better than most, I would say and I believe I canbriny ideas, energy and leadership to the task that face state government in the yearw ahead.
” Baker, a Republican, is a former state secretaruy of administration and CFO Bruce Bullen will be interim CEO at Harvard Pilgrim.
"Leaving the company is not an easy decisionfor me, but ther e is no middle ground. I am either the CEO of HarvarxdPilgrim – or I’m building a campaigb organization. I cannot do both," Baker said in a statement releaseedWednesday morning. In a fairwell e-mail, Baker thanked Harvarcd Pilgrim's staffers and touted the organization's successes over the "But I also recognize the terribled financial and operational strain that will face state and local governmentr in theyears ahead. I know both sector pretty well — better than most, I would say and I believe I canbriny ideas, energy and leadership to the task that face state government in the yearw ahead.
” Baker, a Republican, is a former state secretaruy of administration and CFO Bruce Bullen will be interim CEO at Harvard Pilgrim.
Saturday, October 20, 2012
Land encroachment issue become hot subject in Chino Hills council forum - Inland Valley Daily Bulletin
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Land encroachment issue become hot subject in Chino Hills council forum Inland Valley Daily Bulletin The issue of encroachment has received attention after residents Kim and Mike Denton were notified by the city's code enforcement that 1,574 square feet of their home is encroaching on city land. City officials said portions of the Dentons' fencing ... |
Friday, October 19, 2012
Bankruptcy judge rules for Park lender - Charlotte Business Journal:
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The lender that foreclosed on the property, — a subsidiargy of Bankers’ Bank in Wisconsin — bought the building for $14.3 million in a public auctioh in December. Federal Judge J. Craig Whitleyu ruled Wednesday that BB Syndication held the primary lien on the ahead of dozens of unpais contractors and contract holders who lost their That leaves no funds to be paid to the other claimantsw from theproperty sale. The building at the corner of South Caldwell and Third streets was the primary assef belonging to longtime local engineePete Verna’s bankrupt 222 South Caldwelll Street Limited Partnership.
For more than a work has been abandoned atthe 106-unit which is still missinvg its exterior shell. Verna’s company was forced into Chapter 7 bankruptcy in August by contractors that had workesd onthe tower. Last Verna lost control of the residential condo projec t after defaulting on theconstruction loan. BB Syndication will auctionj off The Park at10 a.m. July 22 at the Charlott e office of at301 S. College St. The bank stilpl has a $16 millio claim against Verna, according to documents from his Chaptetr 7 personalbankruptcy filing. Verna has more than 620 unsecurerd creditors, assets of $1.06 million and liabilitiesa totalingnearly $16.9 million, the filing states.
A meeting of creditors is schedulef for11 a.m. July 1 at the U.S. Bankruptcy administrator’as office at 402 W. Trade St.
The lender that foreclosed on the property, — a subsidiargy of Bankers’ Bank in Wisconsin — bought the building for $14.3 million in a public auctioh in December. Federal Judge J. Craig Whitleyu ruled Wednesday that BB Syndication held the primary lien on the ahead of dozens of unpais contractors and contract holders who lost their That leaves no funds to be paid to the other claimantsw from theproperty sale. The building at the corner of South Caldwell and Third streets was the primary assef belonging to longtime local engineePete Verna’s bankrupt 222 South Caldwelll Street Limited Partnership.
For more than a work has been abandoned atthe 106-unit which is still missinvg its exterior shell. Verna’s company was forced into Chapter 7 bankruptcy in August by contractors that had workesd onthe tower. Last Verna lost control of the residential condo projec t after defaulting on theconstruction loan. BB Syndication will auctionj off The Park at10 a.m. July 22 at the Charlott e office of at301 S. College St. The bank stilpl has a $16 millio claim against Verna, according to documents from his Chaptetr 7 personalbankruptcy filing. Verna has more than 620 unsecurerd creditors, assets of $1.06 million and liabilitiesa totalingnearly $16.9 million, the filing states.
A meeting of creditors is schedulef for11 a.m. July 1 at the U.S. Bankruptcy administrator’as office at 402 W. Trade St.
Wednesday, October 17, 2012
Zidane focussing on becoming a coach - DAWN.com
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DAWN.com | Zidane focussing on becoming a coach DAWN.com Zidane focussing on becoming a coach. AFP | 22 hours ago. 0. Tweet · zidane670afp. PARIS: Former France captain Zinedine Zidane will take his first steps towards becoming a fully-fledged football coach when he sits the preliminary coaching exams this ... |
Tuesday, October 16, 2012
Sequella starts new drug trials - Baltimore Business Journal:
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After finding that its tuberculosis drug was safe in a singlwe dose twoyears ago, the Rockville biotech has now begun dosing the firsty of three groups of volunteers in a first-phaswe trial to test the drug’s safety when taken on a dailt basis. The drug, which has earned fast-track and orphan drug statuse from the Food andDrug Administration, is aimed at fightinf drug-sensitive and drug-resistant strains of tuberculosis. The at the is conductintg the study through a contract with DynporfVaccine Co. LLC. The trial will take placew at the Quintiles Transnational Phase 1 facility inOverland Park, the same location as the first trials in 2007.
In Sequella is in its final stage of testing a skin patcnh todiagnose tuberculosis, a product it hopees to start selling to developing countries by earlyg next year, and recently receive more than $2.3 million in NIH grants to develop two more TB still in preclinical stages.
After finding that its tuberculosis drug was safe in a singlwe dose twoyears ago, the Rockville biotech has now begun dosing the firsty of three groups of volunteers in a first-phaswe trial to test the drug’s safety when taken on a dailt basis. The drug, which has earned fast-track and orphan drug statuse from the Food andDrug Administration, is aimed at fightinf drug-sensitive and drug-resistant strains of tuberculosis. The at the is conductintg the study through a contract with DynporfVaccine Co. LLC. The trial will take placew at the Quintiles Transnational Phase 1 facility inOverland Park, the same location as the first trials in 2007.
In Sequella is in its final stage of testing a skin patcnh todiagnose tuberculosis, a product it hopees to start selling to developing countries by earlyg next year, and recently receive more than $2.3 million in NIH grants to develop two more TB still in preclinical stages.
Sunday, October 14, 2012
Wal-Mart to hire 22,000 - Houston Business Journal:
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Wal-Mart’s announcement came on a day the governmentt released mildly encouraging weeklhunemployment figures. But it also hit as the retail industr y reported some overalldismal results, with same store salese figures falling an average of 4.8 percentr for May. The discount retaik giant says it willhire 22,000 people to staff new or expandedr stores this year. “During this difficult economic time, we’re proud to be able to creatde quality jobs for thousands of Americans this Eduardo Castro-Wright, vice chairman of , said in a statement. But even Wal-Marr (NYSE: WMT) isn’t hiring at the same pace it has in the The Bentonville, Ark.
-based retailer addes 33,000 jobs in the U.S. last Still, Wal-Mart’s low prices on everythinv from food to electronics have allowef it to gain market share and have kept it positioned asthe nation’zs number one retailer. Unlike its Wal-Mart did not release monthly sales figures, instead focusing its attentiohn on itshiring announcement. Wal-Mart’s announcement, on the eve of its annuall shareholder’s meeting, came as the U.S. Labor Department releasex jobless figures showing the recession may be losingy at least some ofits momentum. Initia l claims for state unemploymentfell 4,000 to 621,00p0 in the week that endedc May 30.
That’s the third straight week fewer workersa filednew claims. And the tally of claimw drawn by workers for more than one week in the week ende May 23fell 15,000 to 6,735,000 -- the firstr decline in that figure sinc Jan. 3. But that news isn’t exactl y good. It’s just less bad than other developments, and experts expectr plenty more painto come. Chief financial officers polled recently by and CFO magazin e expect the recession to last through the endof 2009. CFOs in the U.S.
and Europre expect unemployment to keep rising in the next12 months, perhapd to as high as 12 percent Meanwhile, the nonfarm payrolls reporyt from the government Friday is expected to show 550,000 jobs lost in May, and unemploymentg climbing above 9 percent. While Wal-Mart announced its hiringt plans, other retailers reported dismal results forMay same-store sales. Saleas fell 4.8 percent at the 30 retailer s trackedby . Sales fell 6.1 percent at Macy’s sales fell more than 9 and sales dipped 7 Such pessimism adds weightto Wal-Mart’s decision to keep on hiring, despitew the fact that other U.S. retailers like and Macy’s have slashed payrollx in recent months.
Wal-Mart this year will fill positions from cashierws and sales associatesto pharmacists, huma resource managers and customer service The company will add 1,000 or more workerd in Arizona, California, Florida, Michigan, New Jersey, Southh Carolina, Utah and Virginia. But the generallyu grim climate raisesthe question: Is anybody out theree other than Wal-Mart on the hunt for new employees? The answetr in one major Southeastf market is encouraging. The Charlotte Business Journal reports that therew are jobs to be had evenin ’s hard-hiyt hometown, where local unemployment is over 11 percent. You just have to know wheres to look.
“The defining feature for who is hiring is not the size of the butquite frankly, what is that firm N.C. State economist Mike Walden told thebusiness journal. among the firms the Charlottw Business Journal cited as in thehiring game: discounr retailers, just like
Wal-Mart’s announcement came on a day the governmentt released mildly encouraging weeklhunemployment figures. But it also hit as the retail industr y reported some overalldismal results, with same store salese figures falling an average of 4.8 percentr for May. The discount retaik giant says it willhire 22,000 people to staff new or expandedr stores this year. “During this difficult economic time, we’re proud to be able to creatde quality jobs for thousands of Americans this Eduardo Castro-Wright, vice chairman of , said in a statement. But even Wal-Marr (NYSE: WMT) isn’t hiring at the same pace it has in the The Bentonville, Ark.
-based retailer addes 33,000 jobs in the U.S. last Still, Wal-Mart’s low prices on everythinv from food to electronics have allowef it to gain market share and have kept it positioned asthe nation’zs number one retailer. Unlike its Wal-Mart did not release monthly sales figures, instead focusing its attentiohn on itshiring announcement. Wal-Mart’s announcement, on the eve of its annuall shareholder’s meeting, came as the U.S. Labor Department releasex jobless figures showing the recession may be losingy at least some ofits momentum. Initia l claims for state unemploymentfell 4,000 to 621,00p0 in the week that endedc May 30.
That’s the third straight week fewer workersa filednew claims. And the tally of claimw drawn by workers for more than one week in the week ende May 23fell 15,000 to 6,735,000 -- the firstr decline in that figure sinc Jan. 3. But that news isn’t exactl y good. It’s just less bad than other developments, and experts expectr plenty more painto come. Chief financial officers polled recently by and CFO magazin e expect the recession to last through the endof 2009. CFOs in the U.S.
and Europre expect unemployment to keep rising in the next12 months, perhapd to as high as 12 percent Meanwhile, the nonfarm payrolls reporyt from the government Friday is expected to show 550,000 jobs lost in May, and unemploymentg climbing above 9 percent. While Wal-Mart announced its hiringt plans, other retailers reported dismal results forMay same-store sales. Saleas fell 4.8 percent at the 30 retailer s trackedby . Sales fell 6.1 percent at Macy’s sales fell more than 9 and sales dipped 7 Such pessimism adds weightto Wal-Mart’s decision to keep on hiring, despitew the fact that other U.S. retailers like and Macy’s have slashed payrollx in recent months.
Wal-Mart this year will fill positions from cashierws and sales associatesto pharmacists, huma resource managers and customer service The company will add 1,000 or more workerd in Arizona, California, Florida, Michigan, New Jersey, Southh Carolina, Utah and Virginia. But the generallyu grim climate raisesthe question: Is anybody out theree other than Wal-Mart on the hunt for new employees? The answetr in one major Southeastf market is encouraging. The Charlotte Business Journal reports that therew are jobs to be had evenin ’s hard-hiyt hometown, where local unemployment is over 11 percent. You just have to know wheres to look.
“The defining feature for who is hiring is not the size of the butquite frankly, what is that firm N.C. State economist Mike Walden told thebusiness journal. among the firms the Charlottw Business Journal cited as in thehiring game: discounr retailers, just like
Saturday, October 13, 2012
Isolagen bankruptcy moves forward - Minneapolis / St. Paul Business Journal:
coras-newport.blogspot.com
Isolagen Inc. (AMEX:ILE), an Exton, Pa., biotechnology compan developing a cellular therapyt to treat wrinkles and otherskin conditions, filed for reorganizationh under Chapter 11 of the U.S. Bankruptcy Code last The company andits subsidiary, Isolage Technologies, intend to continue to manage and operate thei business as debtors in possession. Undeer the court approved financing, Isolagen is borrowing $2.75 million from a group of undisclosed lenders. The proceed s will be used to provide the companhy with working capital for general corporate purposes and for expenses associated with thebankruptct proceeding.
In connection with the initialbankruptcy filing, Isolagen has entered into a restructuring agreement with a largde majority of the holders of the company’a 3.5 percent convertible subordinated notes, issued in Novembef 2004; the holders of aboutf $500,000 of secured notes issued in April and the agent for the debtor-in-possession lenders. A hearing on final approval of the financing proposal will be held onJuly 6.
Isolagen Inc. (AMEX:ILE), an Exton, Pa., biotechnology compan developing a cellular therapyt to treat wrinkles and otherskin conditions, filed for reorganizationh under Chapter 11 of the U.S. Bankruptcy Code last The company andits subsidiary, Isolage Technologies, intend to continue to manage and operate thei business as debtors in possession. Undeer the court approved financing, Isolagen is borrowing $2.75 million from a group of undisclosed lenders. The proceed s will be used to provide the companhy with working capital for general corporate purposes and for expenses associated with thebankruptct proceeding.
In connection with the initialbankruptcy filing, Isolagen has entered into a restructuring agreement with a largde majority of the holders of the company’a 3.5 percent convertible subordinated notes, issued in Novembef 2004; the holders of aboutf $500,000 of secured notes issued in April and the agent for the debtor-in-possession lenders. A hearing on final approval of the financing proposal will be held onJuly 6.
Friday, October 12, 2012
Big story for the dailies is coping with parent companies
jabire2389.blogspot.com
The parent companies of both the South Florida and could be under mounting pressure to sell newspaper businessess in the face of falling ad revenue andsuffocatingh debt, according to industry sources and published Despite their parent companies’ problems, both newspaperw are regarded as solidly and the Herald’s headquarters offers the bonus of a primer waterfront location in downtowmn Miami. The challenge for a potential sale would be whether a buyer is willing to step forwarr in the middle of a recession to bid on businesse s withdeclining revenue. Financing is another hurdle. In a Dec. 9 the Herald reported parent Sacramento, Calif.
-based had been in talksd to sell thedaily – whichn has an average daily circulationh of 288,179 – to condlo king Jorge Perez and sugarr executive Alfonso Fanjul. Herald spokeswoman Elissaw Vanaver said the paper had no more information beyondrits story. “It is accurate, and that is all therd is to say,” she said The day Chicago-based , owner of the Sun-Sentinel, and Chicag o Tribune, among other papers, file d for Chapter 11 bankruptcy under the stress ofa $13 billioj debt delivered at the hand of real estats mogul Sam Zell. The Tribuned chairman and CEO used an employeee stock ownership plan to crafthis $8.
2 billion leveragedr buyout to take the company privatde last December. As for McClatchy, it took on $3.16 billion in debt to buy the Heraldc and the rest of the newspaper chainin 2006. It sold off several newspapers to help pay downthat debt. “Most on an operating basis, are profitable,” newspaperr analyst John Morton said. “They are too overlu leveraged.” Morton said such high leverage makesd it difficult to ride out thiseconomivc downturn. But, selling won’t be a walk in the either.
“This is a terrible time to sella newspaper,” Morton “First of all, there are no and second, newspaper values have dropped in half in the past five Morton said the Tribune Co. bankruptcy is the first he can recalpl for a major company since he enteree the industryin 1970. said it will continuw to operate its mediabusinesses – newspapers, television stations and interactive media – and has sufficient cash to do so througy the bankruptcy process.
But, that may changde once the case hits bankruptcy court and the company faces the challenge of draftingt an acceptable restructuring according toPorter Bibb, managing partnee of , a New York City-based merchangt bank that specializes in media companty investments. “A good part of the less-than-core businesse s will be sold off. It is as much strateghy as it is financial,” Bibb said. He said Tribune’ws Florida papers could be vulnerablebecause “they don’yt contribute very much to the needws of Tribune Co.” Tribun has already sold New York’sa Newsday.
Bibb estimated operating profitas for most newspapers still hover at abouyt18 percent, which is down from the 20 percent to 30 percent of three years ago. The Sun-Sentinel recently signed a 10-yearr deal to print The Palm Beach Post, a publicationm that is cutting 300 jobs by closingh itsprinting plant. The Sun-Sentinel’s printing plant in Deerfield Beachu is aprofit center. It also prints , The , Barron’as and New Times, the Post said in announcing itsmove
The parent companies of both the South Florida and could be under mounting pressure to sell newspaper businessess in the face of falling ad revenue andsuffocatingh debt, according to industry sources and published Despite their parent companies’ problems, both newspaperw are regarded as solidly and the Herald’s headquarters offers the bonus of a primer waterfront location in downtowmn Miami. The challenge for a potential sale would be whether a buyer is willing to step forwarr in the middle of a recession to bid on businesse s withdeclining revenue. Financing is another hurdle. In a Dec. 9 the Herald reported parent Sacramento, Calif.
-based had been in talksd to sell thedaily – whichn has an average daily circulationh of 288,179 – to condlo king Jorge Perez and sugarr executive Alfonso Fanjul. Herald spokeswoman Elissaw Vanaver said the paper had no more information beyondrits story. “It is accurate, and that is all therd is to say,” she said The day Chicago-based , owner of the Sun-Sentinel, and Chicag o Tribune, among other papers, file d for Chapter 11 bankruptcy under the stress ofa $13 billioj debt delivered at the hand of real estats mogul Sam Zell. The Tribuned chairman and CEO used an employeee stock ownership plan to crafthis $8.
2 billion leveragedr buyout to take the company privatde last December. As for McClatchy, it took on $3.16 billion in debt to buy the Heraldc and the rest of the newspaper chainin 2006. It sold off several newspapers to help pay downthat debt. “Most on an operating basis, are profitable,” newspaperr analyst John Morton said. “They are too overlu leveraged.” Morton said such high leverage makesd it difficult to ride out thiseconomivc downturn. But, selling won’t be a walk in the either.
“This is a terrible time to sella newspaper,” Morton “First of all, there are no and second, newspaper values have dropped in half in the past five Morton said the Tribune Co. bankruptcy is the first he can recalpl for a major company since he enteree the industryin 1970. said it will continuw to operate its mediabusinesses – newspapers, television stations and interactive media – and has sufficient cash to do so througy the bankruptcy process.
But, that may changde once the case hits bankruptcy court and the company faces the challenge of draftingt an acceptable restructuring according toPorter Bibb, managing partnee of , a New York City-based merchangt bank that specializes in media companty investments. “A good part of the less-than-core businesse s will be sold off. It is as much strateghy as it is financial,” Bibb said. He said Tribune’ws Florida papers could be vulnerablebecause “they don’yt contribute very much to the needws of Tribune Co.” Tribun has already sold New York’sa Newsday.
Bibb estimated operating profitas for most newspapers still hover at abouyt18 percent, which is down from the 20 percent to 30 percent of three years ago. The Sun-Sentinel recently signed a 10-yearr deal to print The Palm Beach Post, a publicationm that is cutting 300 jobs by closingh itsprinting plant. The Sun-Sentinel’s printing plant in Deerfield Beachu is aprofit center. It also prints , The , Barron’as and New Times, the Post said in announcing itsmove
Wednesday, October 10, 2012
Home mortgage rates spike - Phoenix Business Journal:
cicugaha.wordpress.com
Freddie Mac's weekly report says 30 year fixed-ratd mortgages averaged 5.29 percent this the highest rate this year and up sharplyh fromlast week's average of 4.91 percent. Rates stil remain well below yearago levels, when 30 year mortgages were averaging more than 6 percent. "Ratezs caught up to the recenyt risein long-term bond yields this week to reach a 25 week says Freddie Mac (NYSE: FRE) chief economist Frank Nothaft. "The slowdown in the housing markegt has now detracted from economic growth for the past13 quarters, the longes t quarterly stretch since at least 1947." Despitwe rising rates, the housinfg market continues to show small signs of life.
The ' housingb affordability index rose in April to its secon highest level since atleast 1971. The NAR also reported this week pendinf sales of existing homes rose for the thirrstraight month, posting the biggest monthly increase since 2001.
Freddie Mac's weekly report says 30 year fixed-ratd mortgages averaged 5.29 percent this the highest rate this year and up sharplyh fromlast week's average of 4.91 percent. Rates stil remain well below yearago levels, when 30 year mortgages were averaging more than 6 percent. "Ratezs caught up to the recenyt risein long-term bond yields this week to reach a 25 week says Freddie Mac (NYSE: FRE) chief economist Frank Nothaft. "The slowdown in the housing markegt has now detracted from economic growth for the past13 quarters, the longes t quarterly stretch since at least 1947." Despitwe rising rates, the housinfg market continues to show small signs of life.
The ' housingb affordability index rose in April to its secon highest level since atleast 1971. The NAR also reported this week pendinf sales of existing homes rose for the thirrstraight month, posting the biggest monthly increase since 2001.
Tuesday, October 9, 2012
CalHFA offers new low housing loans - Silicon Valley / San Jose Business Journal:
humojo.wordpress.com
To use CalHFA’s programs, homebuyers must meet certainh income and sales price guidelineas for low and moderateincome families. For a family of 4 or more in SantwClara County, the income limit is $126,6000 and the home beinh purchased must be $637,645 or less. Cal30 offerzs fixed mortgage payments for the life of the loan with no changex in themonthly payment. “We are eaged to use Cal30 and our other assistance programs to help meet the housing needxs ofCalifornia families,” said Steve Spears, actin g executive director of CalHFA.
“While the financial market turmoill continues and California faces uniquchallenges economically, there is perhaps no more importany time for our agencyh to work on behalf of families statewide.” In additiojn to the fixed rate mortgage, CalHFA offerss special programs to assist individuals looking to purchasre their first home. They include: * The Californiq Homebuyer’s Downpayment Assistance Program, which can provide loans of up to threes percent ofa home’x value to assist with down payments and closing * The School Facility Fee Down Payment Assistanced Program, which provides conditional grantds to buyers of newly constructed homes for down payments, closing upgrades, or other costs associated with the first mortgag loan.
* The Affordable Housing Partnershipp Program, which is a joint effort between CalHFz and over300 cities, redevelopment agencies, housing authorities and nonprofit housing organizations to assist with down paymente and closing costs.
To use CalHFA’s programs, homebuyers must meet certainh income and sales price guidelineas for low and moderateincome families. For a family of 4 or more in SantwClara County, the income limit is $126,6000 and the home beinh purchased must be $637,645 or less. Cal30 offerzs fixed mortgage payments for the life of the loan with no changex in themonthly payment. “We are eaged to use Cal30 and our other assistance programs to help meet the housing needxs ofCalifornia families,” said Steve Spears, actin g executive director of CalHFA.
“While the financial market turmoill continues and California faces uniquchallenges economically, there is perhaps no more importany time for our agencyh to work on behalf of families statewide.” In additiojn to the fixed rate mortgage, CalHFA offerss special programs to assist individuals looking to purchasre their first home. They include: * The Californiq Homebuyer’s Downpayment Assistance Program, which can provide loans of up to threes percent ofa home’x value to assist with down payments and closing * The School Facility Fee Down Payment Assistanced Program, which provides conditional grantds to buyers of newly constructed homes for down payments, closing upgrades, or other costs associated with the first mortgag loan.
* The Affordable Housing Partnershipp Program, which is a joint effort between CalHFz and over300 cities, redevelopment agencies, housing authorities and nonprofit housing organizations to assist with down paymente and closing costs.
Monday, October 8, 2012
Energy capital may also become carbon trading central - Houston Business Journal:
ogarawo.wordpress.com
“It is a very major says Praveen Kumar, chair of the department of financw and executive director of the Globakl Energy Management Institute at the Universithof Houston. “You are commoditizinvg what is involved in the production of large sectors of mostmoderj economies.” Carbon trading is the exchange of either auctioned or distributed freely by a governiny body, that allow companies to emit a set quantity of carbonj — measured in tons — into the atmosphere. Commonlyy referred to as a cap-and-trades system, under this scheme, companies are given a maximun amount, or cap, of carbon they can emit througgh their allotmentof credits.
Those who exceed the cap are Companies can, however, purchased unused credits from othetr companies on an exchange if theyrequire more.
“It is a very major says Praveen Kumar, chair of the department of financw and executive director of the Globakl Energy Management Institute at the Universithof Houston. “You are commoditizinvg what is involved in the production of large sectors of mostmoderj economies.” Carbon trading is the exchange of either auctioned or distributed freely by a governiny body, that allow companies to emit a set quantity of carbonj — measured in tons — into the atmosphere. Commonlyy referred to as a cap-and-trades system, under this scheme, companies are given a maximun amount, or cap, of carbon they can emit througgh their allotmentof credits.
Those who exceed the cap are Companies can, however, purchased unused credits from othetr companies on an exchange if theyrequire more.
Saturday, October 6, 2012
Wal-Mart to hire 22,000 - Kansas City Business Journal:
ejyceh.wordpress.com
Wal-Mart’s announcement came on a day the government releasedd mildly encouraging weeklyunemploymenty figures. But it also hit as the retail industry reported some overalldisma results, with same store sales figures falling an averag of 4.8 percent for May. The discount retaio giant says it willhire 22,00p people to staff new or expandecd stores this year. “During this difficult economic time, we’re proud to be able to create quality jobs for thousands of Americanxsthis year,” Eduardo Castro-Wright, vice chairmajn of , said in a But even Wal-Mart (NYSE: WMT) isn’t hiring at the same pace it has in the The Bentonville, Ark.
-based retailer added 33,000 jobs in the U.S. last Still, Wal-Mart’s low prices on everythiny from food to electronics have allowed it to gain market share and have kept it positionexd asthe nation’s number one retailer. Unliker its peers, Wal-Mart did not release monthlyu sales figures, instead focusing its attentio n on itshiring announcement. Wal-Mart’s announcement, on the eve of its annua shareholder’s meeting, came as the U.S. Labor Departmentg released jobless figures showing the recession may be losinf at least some ofits momentum. Initial claims for state unemploymenrtfell 4,000 to 621,000 in the week that ended May 30.
That’e the third straight week fewer workers filed new claims. And the tally of claims drawmn by workers for more than one week in the week ended May 23fell 15,0090 to 6,735,000 -- the firstf decline in that figure since Jan. 3. But that news isn’ t exactly good. It’s just less bad than othe developments, and experts expect plenty more painto come. Chieff financial officers polled recently by and CFO magazin expect the recession to last througjh the endof 2009. CFOs in the U.S. and Europd expect unemployment to keep rising in the next 12 perhaps to as high as 12percen domestically.
Meanwhile, the nonfarm payrollas report from the government Friday is expected toshow 550,0009 jobs lost in May, and unemployment climbin above 9 percent. While Wal-Mart announced its hiring plans, other retailers reported dismalk results forMay same-store Sales fell 4.8 perceny at the 30 retailers tracked by . Sales fell 6.1 percent at Macy’s sales fell more than 9 and sales dipped7 percent. Such pessimism adds weighf to Wal-Mart’s decision to keep on hiring, despite the fact that othet U.S. retailers like and Macy’s have slashed payrolls in recent months.
Wal-Mart this year will fill positions from cashiers and salese associatesto pharmacists, humann resource managers and customer service associates. The companyu will add 1,000 or more workers in California, Florida, Michigan, New Jersey, South Utah and Virginia. But the generally grim climates raisesthe question: Is anybody out therw other than Wal-Mart on the hunt for new employees ? The answer in one major Southeast market is encouraging. The Charlotte Businesd Journal reports that there are jobs to be had evenin ’a hard-hit hometown, where local unemploymeny is over 11 percent. You just have to know wherwe to look.
“The defining featurer for who is hiring is not the size of the butquite frankly, what is that firm doing?” N.C. Statr economist Mike Walden told thebusineszs journal. Notably, among the firms the Charlotts Business Journal cited as in the hiring discount retailers, just like Wal-Mart.
Wal-Mart’s announcement came on a day the government releasedd mildly encouraging weeklyunemploymenty figures. But it also hit as the retail industry reported some overalldisma results, with same store sales figures falling an averag of 4.8 percent for May. The discount retaio giant says it willhire 22,00p people to staff new or expandecd stores this year. “During this difficult economic time, we’re proud to be able to create quality jobs for thousands of Americanxsthis year,” Eduardo Castro-Wright, vice chairmajn of , said in a But even Wal-Mart (NYSE: WMT) isn’t hiring at the same pace it has in the The Bentonville, Ark.
-based retailer added 33,000 jobs in the U.S. last Still, Wal-Mart’s low prices on everythiny from food to electronics have allowed it to gain market share and have kept it positionexd asthe nation’s number one retailer. Unliker its peers, Wal-Mart did not release monthlyu sales figures, instead focusing its attentio n on itshiring announcement. Wal-Mart’s announcement, on the eve of its annua shareholder’s meeting, came as the U.S. Labor Departmentg released jobless figures showing the recession may be losinf at least some ofits momentum. Initial claims for state unemploymenrtfell 4,000 to 621,000 in the week that ended May 30.
That’e the third straight week fewer workers filed new claims. And the tally of claims drawmn by workers for more than one week in the week ended May 23fell 15,0090 to 6,735,000 -- the firstf decline in that figure since Jan. 3. But that news isn’ t exactly good. It’s just less bad than othe developments, and experts expect plenty more painto come. Chieff financial officers polled recently by and CFO magazin expect the recession to last througjh the endof 2009. CFOs in the U.S. and Europd expect unemployment to keep rising in the next 12 perhaps to as high as 12percen domestically.
Meanwhile, the nonfarm payrollas report from the government Friday is expected toshow 550,0009 jobs lost in May, and unemployment climbin above 9 percent. While Wal-Mart announced its hiring plans, other retailers reported dismalk results forMay same-store Sales fell 4.8 perceny at the 30 retailers tracked by . Sales fell 6.1 percent at Macy’s sales fell more than 9 and sales dipped7 percent. Such pessimism adds weighf to Wal-Mart’s decision to keep on hiring, despite the fact that othet U.S. retailers like and Macy’s have slashed payrolls in recent months.
Wal-Mart this year will fill positions from cashiers and salese associatesto pharmacists, humann resource managers and customer service associates. The companyu will add 1,000 or more workers in California, Florida, Michigan, New Jersey, South Utah and Virginia. But the generally grim climates raisesthe question: Is anybody out therw other than Wal-Mart on the hunt for new employees ? The answer in one major Southeast market is encouraging. The Charlotte Businesd Journal reports that there are jobs to be had evenin ’a hard-hit hometown, where local unemploymeny is over 11 percent. You just have to know wherwe to look.
“The defining featurer for who is hiring is not the size of the butquite frankly, what is that firm doing?” N.C. Statr economist Mike Walden told thebusineszs journal. Notably, among the firms the Charlotts Business Journal cited as in the hiring discount retailers, just like Wal-Mart.
Friday, October 5, 2012
Fiction tells truths that go beyond mere information - Chicago Tribune
hyperwave-exhausted.blogspot.com
Fiction tells truths that go beyond mere information Chicago Tribune Under new curriculum standards, grade-school students, who for decades have been nurtured primarily on fiction, are being put on a reading regimen that's half nonfiction. By junior high, even more nonfiction. By high school, 70 percent nonfiction. In ... |
Wednesday, October 3, 2012
LendingTree expands product offering - The Business Journal of Milwaukee:
grihanovveimavox.blogspot.com
According to the company, its customer-retentionm technology identifies customers byloan amount, loan-to-value ratio, loan purposee and FICO scores. “With refinancint activity from borrowers representing a significant portiohn of overall origination our lender network has expressed a desire to capture and retainh currentmortgage customers,” says Bob Harris, president of the LendingTrewe Exchange.
“As part of the LendingTree network, banks and lenderd that use ournew customer-retention initiative will be able to significantlyt impact the ratio of overall mortgagew portfolio retained, just as effectively as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an onlin e lending and real estate Tree.com’s principle businesses are LendingTree, which matche s potential mortgage borrowers to lenders, and RealEstate.com, whicyh works with individuals seeking homes and real estate agents. LendingTree says it has facilitated more than 25 millioh requests for loans onlinesand $185 billion in closed loan transactions.
According to the company, its customer-retentionm technology identifies customers byloan amount, loan-to-value ratio, loan purposee and FICO scores. “With refinancint activity from borrowers representing a significant portiohn of overall origination our lender network has expressed a desire to capture and retainh currentmortgage customers,” says Bob Harris, president of the LendingTrewe Exchange.
“As part of the LendingTree network, banks and lenderd that use ournew customer-retention initiative will be able to significantlyt impact the ratio of overall mortgagew portfolio retained, just as effectively as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an onlin e lending and real estate Tree.com’s principle businesses are LendingTree, which matche s potential mortgage borrowers to lenders, and RealEstate.com, whicyh works with individuals seeking homes and real estate agents. LendingTree says it has facilitated more than 25 millioh requests for loans onlinesand $185 billion in closed loan transactions.
Tuesday, October 2, 2012
Jerry Sullivan: Many RBs escape obscurity against Bills - Buffalo News
hundleyobajoji1908.blogspot.com
Jerry Sullivan: Many RBs escape obscurity against Bills Buffalo News An obscure third-year back when the Saints came here in the third week of the '09 season, Thomas ran for 126 yards, including TDs of 34 and 29 yards, in a 27-7 win. Both TDs came in the fourth quarter. Thomas scored a TD in the Saints' Super Bowl win ... |
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