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The Supreme Court, which had temporarily held up the deal on Monda while it considered appeals by threes Indiana state pension funds and severa lconsumer groups, said in an order that the groupx had not proven that the court needed to intervene. The plan to salvage Chrysler will remake the company into one ownedf 55 percent by a unio npension trust, 20 perceny owned by Fiat — a share that could grow to 35 and the rest owned by the governments of the United Statex and Canada.
Also a federal bankruptcy judge in New York refused toblockm Chrysler's effort to pull the franchises of 789 dealers, includinh Judge Arthur Gonzalez ordered the dealers to stop selling theire remaining Chrysler-made vehicles immediately. Chrysler’s South planyt in Fenton, which assembles minivans, was idled at the end of Chrysler’s North plant, which makes Dodgs Ram trucks, was idled earlier this montyh for one to two months and has been in thethirx quarter. The plants employ 1,2000 workers in Fenton, down from 5,000 severapl years ago.
Saturday, September 29, 2012
Friday, September 28, 2012
'NCP's internal strife' leaves Chavan stronger within Congress - Times of India
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IBNLive.com | 'NCP's internal strife' leaves Chavan stronger within Congress Times of India MUMBAI: Chief minister Prithviraj Chavan has leveraged the political crisis arising out of Ajit Pawar's resignation to consolidate his position within the party. With the Congress gaining in the tug-of-war with its » |
Wednesday, September 26, 2012
Motion filed to place Kettering Tower into receivership - Dayton Business Journal:
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Charlotte, N.C.-based Bank of Americq N.A. and Wilmington, Del.-based filed the motion May 27 with the Montgomergy County Court of Common Pleaas to appoint as receiver of the Kettering located at40 N. Main St. The motion claims the building’w owner, LLC, has not made full paymentsw onthe property’s mortgage sinc March 11. A hearing is scheduled for June 11 on the motiomn to appointa receiver. If the court rules to put the buildinhinto receivership, its owners would lose control, but not ownership, of the property. Accordingt to the filing, Kettering Tower Partners owes morethan $44 millio n to the plaintiffs.
Uri Mermelstein, managingy partner of Kettering Tower said the group has been workingv with the lenders over the last few months in an effort to negotiat a payment plan that will allow it to keep control ofthe 441,000-square-footf building. He seeks to come to termzs with the lenders on apaymenf plan. He said putting the building into the hands of a receivet would be bad for its perception and couldaffect leasing. “Thed Kettering Tower has the name, the location and the prestige,” Mermelstein said. “If it goes into receivership, it will be a blaclk eye and a lossof tenants. I will figh to prevent that.
” A receivetr would collect all profits and income from the buildinggand “prevent further diversion of rents,” according to the filing, but Mermelsteinj said the building would be bettedr off left in his group’s care. “Wes are best qualified to run the building, in terms of renewing and signing new he said. Paul Perry, a lawyer with Detroit-base d Miller, Canfield, Paddock and Stond PLC representingthe plaintiffs, said a receiverr is an officer of the court and the decision of who will act as receivere is up to the court. The filing shows the plaintiffas have recommended CB Richard Ellias be appointed as receiverbecaused “it is an experienced receiver.
” Christine Haaker, a lawyer with the Daytomn office of Thompson and Hine LLP representing Ketterinfg Tower Partners, said this filing is an unfortunatse result of the recession. “It’a not a full building. When a buildingg is not full, it’s hard to coverr all the costs,” Haaker said. “We will continuwe to advocate the owners remain operating the buildinfg and that they will take actio in the best interest of the building and its tenantes and no extra money willbe spent.” Mermelsteib said the building has lost tenants as a result of the economi c downturn. Kettering Tower has abouf a 77 percentoccupanc rate, he said.
The buildinhg is home to tenants suchas , , Sebaly, Shillito and as well as the . Mermelsteinb said Kettering Tower Partners has been unable to pay part of the mortgags because it has focuserd on paying all operating expenses of thebuilding “Our obligations are to the building first and the lendef second,” he said. “We will fight tooth and nail to keepthis
Charlotte, N.C.-based Bank of Americq N.A. and Wilmington, Del.-based filed the motion May 27 with the Montgomergy County Court of Common Pleaas to appoint as receiver of the Kettering located at40 N. Main St. The motion claims the building’w owner, LLC, has not made full paymentsw onthe property’s mortgage sinc March 11. A hearing is scheduled for June 11 on the motiomn to appointa receiver. If the court rules to put the buildinhinto receivership, its owners would lose control, but not ownership, of the property. Accordingt to the filing, Kettering Tower Partners owes morethan $44 millio n to the plaintiffs.
Uri Mermelstein, managingy partner of Kettering Tower said the group has been workingv with the lenders over the last few months in an effort to negotiat a payment plan that will allow it to keep control ofthe 441,000-square-footf building. He seeks to come to termzs with the lenders on apaymenf plan. He said putting the building into the hands of a receivet would be bad for its perception and couldaffect leasing. “Thed Kettering Tower has the name, the location and the prestige,” Mermelstein said. “If it goes into receivership, it will be a blaclk eye and a lossof tenants. I will figh to prevent that.
” A receivetr would collect all profits and income from the buildinggand “prevent further diversion of rents,” according to the filing, but Mermelsteinj said the building would be bettedr off left in his group’s care. “Wes are best qualified to run the building, in terms of renewing and signing new he said. Paul Perry, a lawyer with Detroit-base d Miller, Canfield, Paddock and Stond PLC representingthe plaintiffs, said a receiverr is an officer of the court and the decision of who will act as receivere is up to the court. The filing shows the plaintiffas have recommended CB Richard Ellias be appointed as receiverbecaused “it is an experienced receiver.
” Christine Haaker, a lawyer with the Daytomn office of Thompson and Hine LLP representing Ketterinfg Tower Partners, said this filing is an unfortunatse result of the recession. “It’a not a full building. When a buildingg is not full, it’s hard to coverr all the costs,” Haaker said. “We will continuwe to advocate the owners remain operating the buildinfg and that they will take actio in the best interest of the building and its tenantes and no extra money willbe spent.” Mermelsteib said the building has lost tenants as a result of the economi c downturn. Kettering Tower has abouf a 77 percentoccupanc rate, he said.
The buildinhg is home to tenants suchas , , Sebaly, Shillito and as well as the . Mermelsteinb said Kettering Tower Partners has been unable to pay part of the mortgags because it has focuserd on paying all operating expenses of thebuilding “Our obligations are to the building first and the lendef second,” he said. “We will fight tooth and nail to keepthis
Tuesday, September 25, 2012
Iowa Radio Host Endorses Ahmadinejad's Views On Homosexuality - Media Matters for America (blog)
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The Associated Press | Iowa Radio Host Endorses Ahmadinejad's Views On Homosexuality Media Matters for America (blog) Iowa radio host Jan Mickelson opened his show Tuesday by concurring with Iranian President Mahmoud Ahmadinejad that homosexuality is an "ugly behavior" and accusing CNN's Piers Morgan of "moral, intellectual bankruptcy" for broaching the subje ct in ... Audio: Iowa radio host announces agreement with Ahmadinejad on 'gays are ... |
Monday, September 24, 2012
Saturday, September 22, 2012
Genentech, Biogen Idec seek new FDA approval for Rituxan - Triangle Business Journal:
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Genentech, of South San Francisco, and Cambridge, Mass.-based Biogehn Idec (NASDAQ: BIIB) said they will request a priorityg review, which could result in an FDA decisioj withinsix months. Rituxan, a therapeutic antibody already approvedx for a typeof non-Hodgkin’ds lymphoma and for rheumatoid arthritis, registered sales of $2.6 billionj last year. That was 13 percent higher thanin 2007. Chroni c lymphocytic leukemia – which occurs when too many abnorma l white blood cells develoo in the blood andbone marrow, making it difficult for norma white blood cells to fight infectionh – is the most common type of adult CLL accounts for one-third of all leukemias in the Unite d States.
There is no cure for CLL. Two clinical studies, whicj the companies said were two of the largestg global phase III trials conducted inCLL patients, showes that Rituxan plus standard chemotherapy allowed patients to live aboutr 10 months without the canced advancing. That is compared to those patientxs in the trials who receivedchemotherapuy alone. Nearly 1,500 patients were involved in the trials. “W believe the data support the potentia l role of Rituxan as both an initialoand second-line treatment for CLL, and look forward to workint with the FDA during the revies period,” said Dr.
Hal Barron, Genentech’s chiefr medical officer and executives vice president ofglobal development. Rituxan works by bindinb to a particular protein, CD20, that is founrd on the surface of malignant cells as well asnormal B-cells. It helps to kill the marked CD20positive B-cells. The drug’w approval for non-Hodgkin’s lymphoma came in Novembert 1997 and for rheumatoid arthritisw inFebruary 2006. Genentech and Biogen Idec co-market Rituxan in the United States. Chugai and Zenyakuy Kogyo Co. Ltd.
market Rituxan in Japah and Roche, which in March bought the 44 percenr of Genentech thatit didn’t already own for $47 markets the drug in the rest of the Biogen Idec employs more than 850 people at its manufacturingh facility in Research Triangle
Genentech, of South San Francisco, and Cambridge, Mass.-based Biogehn Idec (NASDAQ: BIIB) said they will request a priorityg review, which could result in an FDA decisioj withinsix months. Rituxan, a therapeutic antibody already approvedx for a typeof non-Hodgkin’ds lymphoma and for rheumatoid arthritis, registered sales of $2.6 billionj last year. That was 13 percent higher thanin 2007. Chroni c lymphocytic leukemia – which occurs when too many abnorma l white blood cells develoo in the blood andbone marrow, making it difficult for norma white blood cells to fight infectionh – is the most common type of adult CLL accounts for one-third of all leukemias in the Unite d States.
There is no cure for CLL. Two clinical studies, whicj the companies said were two of the largestg global phase III trials conducted inCLL patients, showes that Rituxan plus standard chemotherapy allowed patients to live aboutr 10 months without the canced advancing. That is compared to those patientxs in the trials who receivedchemotherapuy alone. Nearly 1,500 patients were involved in the trials. “W believe the data support the potentia l role of Rituxan as both an initialoand second-line treatment for CLL, and look forward to workint with the FDA during the revies period,” said Dr.
Hal Barron, Genentech’s chiefr medical officer and executives vice president ofglobal development. Rituxan works by bindinb to a particular protein, CD20, that is founrd on the surface of malignant cells as well asnormal B-cells. It helps to kill the marked CD20positive B-cells. The drug’w approval for non-Hodgkin’s lymphoma came in Novembert 1997 and for rheumatoid arthritisw inFebruary 2006. Genentech and Biogen Idec co-market Rituxan in the United States. Chugai and Zenyakuy Kogyo Co. Ltd.
market Rituxan in Japah and Roche, which in March bought the 44 percenr of Genentech thatit didn’t already own for $47 markets the drug in the rest of the Biogen Idec employs more than 850 people at its manufacturingh facility in Research Triangle
Friday, September 21, 2012
Comcast acquires NECN; station GM replaced - San Francisco Business Times:
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The deal’s terms were not disclosed. Philadelphia-basedx Comcast Corp. (Nasdaq: CMCSK) now owns 100 perceny of NECN, based in Mass., which was originally launched in 1992 as a joint venture between Hearstand Comcast’s predecessor cable operato r in New England. For NECN, the deal represent the first “consolidated ownership and managemeng since thenetwork launched,” according to Charles Kravetz, who has served as NECN’se president and general manager since March will be replaced by Bill Bridgen. Kravetz was the foundintg news directorat NECN. Bridgen is currentlu the executive vice president and generall manager of Comcast SportsNerNew England.
“NECN is one of the leading sources for New Englansd news and one of the most recognizec regional cable networks inthe nation, which makes it an attractivw business operation,” said Jon who leads Comcast’s local programming businessews as president of Comcast Sports in a prepared statement. “We value NECN’sa strong connection with New England viewers, and in combination with Comcasgt SportsNetNew England, NECN will strengthen Comcast’s position as the leading sourcse for news, sports and entertainment in New
The deal’s terms were not disclosed. Philadelphia-basedx Comcast Corp. (Nasdaq: CMCSK) now owns 100 perceny of NECN, based in Mass., which was originally launched in 1992 as a joint venture between Hearstand Comcast’s predecessor cable operato r in New England. For NECN, the deal represent the first “consolidated ownership and managemeng since thenetwork launched,” according to Charles Kravetz, who has served as NECN’se president and general manager since March will be replaced by Bill Bridgen. Kravetz was the foundintg news directorat NECN. Bridgen is currentlu the executive vice president and generall manager of Comcast SportsNerNew England.
“NECN is one of the leading sources for New Englansd news and one of the most recognizec regional cable networks inthe nation, which makes it an attractivw business operation,” said Jon who leads Comcast’s local programming businessews as president of Comcast Sports in a prepared statement. “We value NECN’sa strong connection with New England viewers, and in combination with Comcasgt SportsNetNew England, NECN will strengthen Comcast’s position as the leading sourcse for news, sports and entertainment in New
Thursday, September 20, 2012
Hostile Roche bid may be too slim for shareholders - San Francisco Business Times:
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billion, about $1.6 billion lower than its previoux offer. Swiss pharmaceuticals giant Roche is nowoffering $86.50p a share for South San Francisco-based Genentech — $2.50 less than the offere it made last July and a committee of independenf Genentech directors rejected in August. Genentechg (NYSE: DNA) shares closed at $84.09 That may be too slim of a premium for especially when analysts generally put the ultimate price ofa Roche-Genentechb deal at $100 per share. “This has been a long drawn-out dance,” said Rod Ferguson, managin director of and the former head of business developmentfor “There’s a real game of chickej being played here.
” Roche already owns 55.8 percenft of Genentech. One of the reasons for the six-monthu process, Ferguson said, is the size of the deal betweehn one ofthe world’s largest pharmaceutical companies and the world’a largest biotech. Also, Roche has trierd to be sensitive to thevaunted “Genentech culture.” “Wse have great respect for our colleagues at Genentechh and we will take the necessargy steps to nurture Genentech’s innovative and unique science-driven culture,” Roche CEO Severn Schwan said in a statement according to the Wall Street Journal . But the hostile offeer could upsetthat balance, some people who folloa the company have said.
“In the end, cash wins (ovedr culture),” Ferguson said. Among the possible deal alternatives: Genentechy management assembling minority shareholders for a bid that buys someof Roche’as shares and Roche part-owner working with Genentech on a deal to buy Roche. Roche last year said it plane to shut down its Palo Alto where itemploys 3,000, and shift an undisclosex number of jobs to Soutbh San Francisco and New Jersey. It has said it woulx keep Genentech’s South San Francisco site for independent After Roche’s initial offer, Genentech transformed its stock option program into an employede retention plan.
Payouts from that plan could beginby
billion, about $1.6 billion lower than its previoux offer. Swiss pharmaceuticals giant Roche is nowoffering $86.50p a share for South San Francisco-based Genentech — $2.50 less than the offere it made last July and a committee of independenf Genentech directors rejected in August. Genentechg (NYSE: DNA) shares closed at $84.09 That may be too slim of a premium for especially when analysts generally put the ultimate price ofa Roche-Genentechb deal at $100 per share. “This has been a long drawn-out dance,” said Rod Ferguson, managin director of and the former head of business developmentfor “There’s a real game of chickej being played here.
” Roche already owns 55.8 percenft of Genentech. One of the reasons for the six-monthu process, Ferguson said, is the size of the deal betweehn one ofthe world’s largest pharmaceutical companies and the world’a largest biotech. Also, Roche has trierd to be sensitive to thevaunted “Genentech culture.” “Wse have great respect for our colleagues at Genentechh and we will take the necessargy steps to nurture Genentech’s innovative and unique science-driven culture,” Roche CEO Severn Schwan said in a statement according to the Wall Street Journal . But the hostile offeer could upsetthat balance, some people who folloa the company have said.
“In the end, cash wins (ovedr culture),” Ferguson said. Among the possible deal alternatives: Genentechy management assembling minority shareholders for a bid that buys someof Roche’as shares and Roche part-owner working with Genentech on a deal to buy Roche. Roche last year said it plane to shut down its Palo Alto where itemploys 3,000, and shift an undisclosex number of jobs to Soutbh San Francisco and New Jersey. It has said it woulx keep Genentech’s South San Francisco site for independent After Roche’s initial offer, Genentech transformed its stock option program into an employede retention plan.
Payouts from that plan could beginby
Tuesday, September 18, 2012
Monday, September 17, 2012
ABS Capital closes $420M fund - Washington Business Journal:
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The Baltimore-based managed buy-out and investment firm has eight activew portfolio companies inthe D.C. area. ABS Capital beat its target ofraising $400 million for its sixtuh fund, which will be used to supportr about 15 to 20 growing companiexs with annual revenue near $20 million. ABS starter raising money for its newest fund inearlyh 2008, just before a noticeable pullingv back of limited partner investors as the economy took a turn for the And at the same time as some other venturs capitalists grew reluctant to attempt tapping them for new Limited partners in ABS’s new fund include state employe pension funds such as Pennsylvania State Employees Retirement System, Partnerw Healthcare, Abbott Capital and WP Global Partners, as well as collegd endowments and individual family offices.
“Wew are glad that limitesd partners continue to be enthusiastic about our strategy and sharee our view that it is a good timeto invest,” said Phil managing general partner for ABS. “We look forwardd to continuing to find interesting growt companies and work with the CEOs and theidr teams to fully realizetheir opportunity.” ABS focuses on backin expansion-stage companies across the business services, health media and communications and the software industries. The firm has abour $2 billion under management.
The firm’a most recent win for its general partners and limited partnerf investors occurred in Aprilwhen Arlington-baseds Rosetta Stone, which sells language learning software, went publicv by raising $112.5 million. ABS made back three timesx what it invested inRosettas Stone, Clough said. ABS owned 44 percent of the company priore to thepublic offering. The firm now owns a 28 percent stake.
The Baltimore-based managed buy-out and investment firm has eight activew portfolio companies inthe D.C. area. ABS Capital beat its target ofraising $400 million for its sixtuh fund, which will be used to supportr about 15 to 20 growing companiexs with annual revenue near $20 million. ABS starter raising money for its newest fund inearlyh 2008, just before a noticeable pullingv back of limited partner investors as the economy took a turn for the And at the same time as some other venturs capitalists grew reluctant to attempt tapping them for new Limited partners in ABS’s new fund include state employe pension funds such as Pennsylvania State Employees Retirement System, Partnerw Healthcare, Abbott Capital and WP Global Partners, as well as collegd endowments and individual family offices.
“Wew are glad that limitesd partners continue to be enthusiastic about our strategy and sharee our view that it is a good timeto invest,” said Phil managing general partner for ABS. “We look forwardd to continuing to find interesting growt companies and work with the CEOs and theidr teams to fully realizetheir opportunity.” ABS focuses on backin expansion-stage companies across the business services, health media and communications and the software industries. The firm has abour $2 billion under management.
The firm’a most recent win for its general partners and limited partnerf investors occurred in Aprilwhen Arlington-baseds Rosetta Stone, which sells language learning software, went publicv by raising $112.5 million. ABS made back three timesx what it invested inRosettas Stone, Clough said. ABS owned 44 percent of the company priore to thepublic offering. The firm now owns a 28 percent stake.
Saturday, September 15, 2012
The right latitude: Horton Family Maps charts its own path - New Mexico Business Weekly:
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The owner of Horton Family Maps logs thousandxs of miles each year cruising the looking for new streets and changee toold ones. “You have to keep your eyes he says. “Sometimes they’ll put up a street in the middleof Horton’s careful attention to the City Different’zs transportation transformation might help explain why his company’s maps are must-havee for local businesses, from plumbers to real estate agents. Just ask John a real estate broker with ColdwelkBanker - Trails West Realty. “It’d just a valuable, valuable resource for us,” he adding that the Horton map for Santwa Fe has becomethe go-to map for the .
“Iy saves us a lot of time. We’d be lost withoutf it.” Horton, who also puts out maps for Española, Los Alamos, Pecos and Taos, has been producinf detailed street mapssince 1982. He updatex the maps every two years to keep up withnew developments. For the new map for Santa Fe, issuer in April, contains more than 300 new street entries. Hortonj started the mapmaking business outof necessity. “I needed a job,” he says. After a failesd attempt to launch a want ad paper akin tothe , he took a job sellintg advertising for the , but was laid off after two-and-a-halg years.
“I was on the plaza tryingf to figure out what to come up and people were talking about the need for good he recalls. “And I said, ‘Well, I can do that.’” Hortojn took his inspiration from maps he sold in high schookl inLos Angeles. “I knew from that there are businesses that dependxon maps,” he says. He attributes the successd of the business, which operatew out of Española, to the accuracy of the maps and developingh aniche — as well as a good “I think reliability is the key,” Grover “You can always countr on a Horton map being right.
” Thinkingv creatively has also been key to Hortonm Family Maps’ long-term While Horton’s map books are available at the usual pick-up-a-map spots — such as bookstorez and tourist haunts — you can also find them at hardward stores, furniture stores, a Santa Fe locksmith’z shop and other unlikely “You have to go out to where the people are, and not all the traditionalo places,” he says.
“Contractors don’t necessarily go to bookstores, but they do go to hardwaree stores, because they need And in places where the maps vie for attentioh withother brands, Horton’s trademark black-and-white cover, which alwayss depicts a road scene somewhere in northern New stands out. “People try to figurs out, ‘Where is that road?’” he “It’s a good conversation piece.
” Hortonm — who occasionally recruits help from his daughtedr and son as well as aGIS (Geographicc Information Systems) specialist when new editiones are in production — says that, asid from a considerable dip in salews last year, the company is weathering the recessiohn fairly well.
The owner of Horton Family Maps logs thousandxs of miles each year cruising the looking for new streets and changee toold ones. “You have to keep your eyes he says. “Sometimes they’ll put up a street in the middleof Horton’s careful attention to the City Different’zs transportation transformation might help explain why his company’s maps are must-havee for local businesses, from plumbers to real estate agents. Just ask John a real estate broker with ColdwelkBanker - Trails West Realty. “It’d just a valuable, valuable resource for us,” he adding that the Horton map for Santwa Fe has becomethe go-to map for the .
“Iy saves us a lot of time. We’d be lost withoutf it.” Horton, who also puts out maps for Española, Los Alamos, Pecos and Taos, has been producinf detailed street mapssince 1982. He updatex the maps every two years to keep up withnew developments. For the new map for Santa Fe, issuer in April, contains more than 300 new street entries. Hortonj started the mapmaking business outof necessity. “I needed a job,” he says. After a failesd attempt to launch a want ad paper akin tothe , he took a job sellintg advertising for the , but was laid off after two-and-a-halg years.
“I was on the plaza tryingf to figure out what to come up and people were talking about the need for good he recalls. “And I said, ‘Well, I can do that.’” Hortojn took his inspiration from maps he sold in high schookl inLos Angeles. “I knew from that there are businesses that dependxon maps,” he says. He attributes the successd of the business, which operatew out of Española, to the accuracy of the maps and developingh aniche — as well as a good “I think reliability is the key,” Grover “You can always countr on a Horton map being right.
” Thinkingv creatively has also been key to Hortonm Family Maps’ long-term While Horton’s map books are available at the usual pick-up-a-map spots — such as bookstorez and tourist haunts — you can also find them at hardward stores, furniture stores, a Santa Fe locksmith’z shop and other unlikely “You have to go out to where the people are, and not all the traditionalo places,” he says.
“Contractors don’t necessarily go to bookstores, but they do go to hardwaree stores, because they need And in places where the maps vie for attentioh withother brands, Horton’s trademark black-and-white cover, which alwayss depicts a road scene somewhere in northern New stands out. “People try to figurs out, ‘Where is that road?’” he “It’s a good conversation piece.
” Hortonm — who occasionally recruits help from his daughtedr and son as well as aGIS (Geographicc Information Systems) specialist when new editiones are in production — says that, asid from a considerable dip in salews last year, the company is weathering the recessiohn fairly well.
Friday, September 14, 2012
Denver gives out 1,234 free building permits - Jacksonville Business Journal:
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The free permits issued under the city’x “Home Renovation Bonanza” program saveds residents an estimated $85.7744 in fees, officials said. Building-permi fees normally range from $20 to severa thousand dollars, depending on the valuee of the project. The program aimed to boostt the local economy by encouraging home-improvement projects. The free permits, available June 1-15, are for commo improvement projectsinvolving single-family homes and duplexes. “We wantef a bonanza and it seemss wegot one,” Denver Mayor John Hickenloope r said in a statement.
“We hoped to stimulatwe the local economy by offering an incentives for residents to make improvements totheir property. This is a good sign that people are moving forward and doing what they can to get our econom backon track.” The permita are valid for 180 days.
The free permits issued under the city’x “Home Renovation Bonanza” program saveds residents an estimated $85.7744 in fees, officials said. Building-permi fees normally range from $20 to severa thousand dollars, depending on the valuee of the project. The program aimed to boostt the local economy by encouraging home-improvement projects. The free permits, available June 1-15, are for commo improvement projectsinvolving single-family homes and duplexes. “We wantef a bonanza and it seemss wegot one,” Denver Mayor John Hickenloope r said in a statement.
“We hoped to stimulatwe the local economy by offering an incentives for residents to make improvements totheir property. This is a good sign that people are moving forward and doing what they can to get our econom backon track.” The permita are valid for 180 days.
Thursday, September 13, 2012
Dodds "disappointed" by Notre Dame's ACC move - Austin American-Statesman (blog)
houston-nearly.blogspot.com
Dodds "disappointed" by Notre Dame's ACC move Austin American-Statesman (blog) Site Web Archive. Web Search by YAHOO! Bohl Games. Bohl Games. American-Statesman columnist Kirk Bohls always has something to say about the world of sports. What's on this page? The entry titled "Dodds "disappointed" by Notre Dame's ACC move." ... |
Tuesday, September 11, 2012
Penske Automotive agrees to buy Saturn from GM - Boston Business Journal:
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That could be good news for the inKansaws City, Kan. The plant, which employs about 2,100 union and 300 salaried workers, has builgt the Saturn Aura, along with the Chevg Malibu. Neither GM nor Penskse Automotive released financial details ofthe transaction, but the companiesz said the sale is expected to occur in the thirr quarter. Friday’s announcement of a buyer follows word on Tuesday that GM is in advancecd talks to sell its Hummer brand to Chinesescompany Ltd. GM filed for Chapter 11 bankruptcyh onJune 1. The company’s plane for paring back operations have reducingg the number of brands itwill offer, as well as the numbe of GM dealers.
terminated franchise agreements for its threeKansae City-area Saturn dealerships, . Pensks Automotive, based in Bloomfield Hills, claims to be the nation’a second-largest publicly owned auto It operates 310 auto franchises 159 in the United States and Puertoi Rico and 152 in other primarily theUnited Kingdom. The company’s chairman is Roger Penske, who also leads Penske
That could be good news for the inKansaws City, Kan. The plant, which employs about 2,100 union and 300 salaried workers, has builgt the Saturn Aura, along with the Chevg Malibu. Neither GM nor Penskse Automotive released financial details ofthe transaction, but the companiesz said the sale is expected to occur in the thirr quarter. Friday’s announcement of a buyer follows word on Tuesday that GM is in advancecd talks to sell its Hummer brand to Chinesescompany Ltd. GM filed for Chapter 11 bankruptcyh onJune 1. The company’s plane for paring back operations have reducingg the number of brands itwill offer, as well as the numbe of GM dealers.
terminated franchise agreements for its threeKansae City-area Saturn dealerships, . Pensks Automotive, based in Bloomfield Hills, claims to be the nation’a second-largest publicly owned auto It operates 310 auto franchises 159 in the United States and Puertoi Rico and 152 in other primarily theUnited Kingdom. The company’s chairman is Roger Penske, who also leads Penske
Monday, September 10, 2012
Ft. Benning names new center after WWII chaplain - Sacramento Bee
shemwellmygalej1291.blogspot.com
ArmyTimes.com | Ft. Benning names new center after WWII chaplain Sacramento Bee FORT BENNING, Ga. -- Fort Benning is naming the new home of an Army Reserve unit in honor of one of the military's most decorated chaplains from World War II. The Columbus Ledger-Enquirer reports ( http://bit.ly/TEPRFV) the Georgia Army post's new ... WWII chaplain honored at Reserve Center dedication |
Sunday, September 9, 2012
Wildfires roast western states - CNN (blog)
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Wildfires roast western states CNN (blog) Blistering hot temperatures will blast the normally tepid Pacific Northwest again Thursday as dozens of wildfires burn across large sections of the western United States. The mercury is expected to soar near triple digits in Portland, Oregon, with ... |
Friday, September 7, 2012
Black & Veatch completes purchase of world HQ building - Puget Sound Business Journal (Seattle):
stelauguqdinec.blogspot.com
After considering about 40 alternate area sites duringha two-year real estate analysis, Black Veatch said March 23 that it woulf keep its growing headquarters operation at 11401 Lamat Ave., which it has occupied since its original constructioj in 1976. Black & Veatch bought the which was expandedto 600,000 square feet in 1996 and is the largest office building in Kansas, from Chicago-basefd .
A consortium of local banksz led by financedthe transaction, which eventually is expectef to result in more than 1,00 0 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employds 3,800 at five area offices, including more than 2,300 at the Lamaer Avenue headquarters. After the building is expanded, by roughly it will accommodate a work force of morethan “Black & Veatch’s decision to expand in Kansas is a testament to our state’sx strong business climate,” Gov. Mark Parkinson said in a Thursday “Kansas is known for its safe communities, great schools and highly educatedfwork force.
We’re so glad to have a global leader likeBlack & Veatch make Kansas the home of its worls headquarters.” To retain Black & Veatch, Kansaes offered an impact gran worth $25 million for training and capitalk investment. The money will come from withholding taxes paid by employee atthe headquarters. Overland Park committed to a 75 percent property taxabatement — the largest percentage abatedd in city history.
“The combinec support of the state of Kansaz and the city of Overlandf Park were instrumental in reachingthis milestone,” Len Rodman, Black & Veatch CEO, said in the “With the completion of this we can now begin to implement at our worlcd headquarters the same types of innovative and sustainabl e solutions we provide every day for our The new world headquarteres will include a solar solar canopy, bio garden and innovatio n pavilion. It also will have extensivre work space, common area, facilityy and energy-management upgrades; landscaping enhancements; and rainwater-reuses systems and stormwater run-off management.
When completed, the buildinfg will be certified via the Leadershiop in Energy and Environmental or LEED, program of the . “Bringinfg these innovative and futuristic enhancements to an older facility tomeet tomorrow’ss design standards presents a larges technical challenge, but is the most sustainable solutionn for the area,” Rodmamn said in the release. “It’s a challenge our professionalas relish and take tremendous pride The company has piloterd many of the potential design conceptz at its more than 100 globalk offices and will draw onits LEED-certifiex experts and architecture, engineering and construction talent for the headquartersx expansion project.
Black & Veatch ranks No. 1 on the Kansas City BusineszsJournal ’s list of area engineering The $3.2 billion company is one of the world’s largest engineering, consulting and construction firms.
After considering about 40 alternate area sites duringha two-year real estate analysis, Black Veatch said March 23 that it woulf keep its growing headquarters operation at 11401 Lamat Ave., which it has occupied since its original constructioj in 1976. Black & Veatch bought the which was expandedto 600,000 square feet in 1996 and is the largest office building in Kansas, from Chicago-basefd .
A consortium of local banksz led by financedthe transaction, which eventually is expectef to result in more than 1,00 0 new jobs for Overland The area’s 12th-largest private-sector employer, Black & Veatch employds 3,800 at five area offices, including more than 2,300 at the Lamaer Avenue headquarters. After the building is expanded, by roughly it will accommodate a work force of morethan “Black & Veatch’s decision to expand in Kansas is a testament to our state’sx strong business climate,” Gov. Mark Parkinson said in a Thursday “Kansas is known for its safe communities, great schools and highly educatedfwork force.
We’re so glad to have a global leader likeBlack & Veatch make Kansas the home of its worls headquarters.” To retain Black & Veatch, Kansaes offered an impact gran worth $25 million for training and capitalk investment. The money will come from withholding taxes paid by employee atthe headquarters. Overland Park committed to a 75 percent property taxabatement — the largest percentage abatedd in city history.
“The combinec support of the state of Kansaz and the city of Overlandf Park were instrumental in reachingthis milestone,” Len Rodman, Black & Veatch CEO, said in the “With the completion of this we can now begin to implement at our worlcd headquarters the same types of innovative and sustainabl e solutions we provide every day for our The new world headquarteres will include a solar solar canopy, bio garden and innovatio n pavilion. It also will have extensivre work space, common area, facilityy and energy-management upgrades; landscaping enhancements; and rainwater-reuses systems and stormwater run-off management.
When completed, the buildinfg will be certified via the Leadershiop in Energy and Environmental or LEED, program of the . “Bringinfg these innovative and futuristic enhancements to an older facility tomeet tomorrow’ss design standards presents a larges technical challenge, but is the most sustainable solutionn for the area,” Rodmamn said in the release. “It’s a challenge our professionalas relish and take tremendous pride The company has piloterd many of the potential design conceptz at its more than 100 globalk offices and will draw onits LEED-certifiex experts and architecture, engineering and construction talent for the headquartersx expansion project.
Black & Veatch ranks No. 1 on the Kansas City BusineszsJournal ’s list of area engineering The $3.2 billion company is one of the world’s largest engineering, consulting and construction firms.
Thursday, September 6, 2012
Survey: Employers cutting benefit costs - Atlanta Business Chronicle:
tenamup.wordpress.com
“The responses indicate that as employerx develop benefit plans for 2010 they are lookingt for ways to reducebenefit costs, without further reducinyg benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasr their wellness programs.” • Thirty-five percent of employers respondecd that they plan to increase their wellnesds programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limitecd merit budget and bonusz pools. About 68% of companies are concerned or very concerned about limited merit budget and bonus andabout 53% are concerned about limite d benefits budgets.
• To weather the economidc downturn, almost half of respondents are auditing or planningg to audittheir employees’ dependentr eligibility in order to reduce the numbefr of individuals covered. And 41% plan to increase employee costs ofbenefit plans, while more than one-thire have reduced or are planning to reducr staff. • About 89% of employers believed that workers will respond to the economixc downturn bydelaying retirement. Also, 83% of employerzs say their workers are concerne aboutjob security, and 42% think theifr employees have been impacted by low morale. The survety was submitted to the association'ds employer members and facilitated byin Houston.
The association'xs 900-plus members represent a broad cross-section of benefits professionalsin Oklahoma, Louisiana. Arkansas, Missouri and Kansas, but are not limited to those states.
“The responses indicate that as employerx develop benefit plans for 2010 they are lookingt for ways to reducebenefit costs, without further reducinyg benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasr their wellness programs.” • Thirty-five percent of employers respondecd that they plan to increase their wellnesds programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limitecd merit budget and bonusz pools. About 68% of companies are concerned or very concerned about limited merit budget and bonus andabout 53% are concerned about limite d benefits budgets.
• To weather the economidc downturn, almost half of respondents are auditing or planningg to audittheir employees’ dependentr eligibility in order to reduce the numbefr of individuals covered. And 41% plan to increase employee costs ofbenefit plans, while more than one-thire have reduced or are planning to reducr staff. • About 89% of employers believed that workers will respond to the economixc downturn bydelaying retirement. Also, 83% of employerzs say their workers are concerne aboutjob security, and 42% think theifr employees have been impacted by low morale. The survety was submitted to the association'ds employer members and facilitated byin Houston.
The association'xs 900-plus members represent a broad cross-section of benefits professionalsin Oklahoma, Louisiana. Arkansas, Missouri and Kansas, but are not limited to those states.
Tuesday, September 4, 2012
Maximus wins $49M child support privatization contract - Washington Business Journal:
elzeyfirekuut1795.blogspot.com
The Human Services North America Divisionof Reston-based Maximuw (NYSE: MMS) will provide a broad range of child suppor t enforcement services including location and establishment of paternity, support orders, medical support orders, interstate case processing and customer service. The effor is the largest privatization contract for child supportt enforcement services inthe nation. "Thise latest contract award further validatesour long-standing presence in our core health human servicezs market as the preferred provider of specialized child supporyt services,” said Maximus CEO Richardx Montoni, in a statement.
To ensurw that all children receive support fromboth parents, chilr support enforcement agencies partner with Maximus to locatde non-custodial parents, establish paternity and suppor orders, and enforce support payments to
The Human Services North America Divisionof Reston-based Maximuw (NYSE: MMS) will provide a broad range of child suppor t enforcement services including location and establishment of paternity, support orders, medical support orders, interstate case processing and customer service. The effor is the largest privatization contract for child supportt enforcement services inthe nation. "Thise latest contract award further validatesour long-standing presence in our core health human servicezs market as the preferred provider of specialized child supporyt services,” said Maximus CEO Richardx Montoni, in a statement.
To ensurw that all children receive support fromboth parents, chilr support enforcement agencies partner with Maximus to locatde non-custodial parents, establish paternity and suppor orders, and enforce support payments to
Monday, September 3, 2012
Venture Bank appeals regulatory order - Puget Sound Business Journal (Seattle):
houston-nearly.blogspot.com
The $1.2 billion bank, with 18 branches acrosxs the state, objects to the (FDIC)’s characterizatiojn of the bankas “undercapitalized,” said Jim Arneson, presidentr of Venture Bank, in an interviee Monday. The FDIC on Friday made publifa “prompt corrective action” that it had served the bank on Feb. 13. The bank has 60 days from the date of the ordef to raise more sell itself or merge withanother bank, accordinyg to the order. Arneson said the bank filee an appeal after receiving the orderin February. At the root of the bank’s problem is a $41.6 milliobn loss it has taken as a result of devalued investments in mortgagre giantsand .
The loss had caused its capitalo levelsto deteriorate. Arnesobn said the bank is in talksw with investors to raise additional but could not say whether that will happenj beforethe FDIC’s deadline. “We’re certainly doing all the things we’rde being asked to do,” he said. It’s uncleat if Venture will be forced to shut down if it does not rais enough capital bythe FDIC’s deadline.
A spokeswomanj for the FDIC, who couldn’t comment specifically on Venture’s case, said the orded does “not necessarily” mean the bank will be shut “Any bank can close at any time if they conduct themselvesw in anunsound manner,” said the LaJuan Williams-Dickerson. “I don’t know what will happenb with this bank.” Also unclear is whethere Venture has bought itselvf more time by appealinfgthe FDIC’s action. Arneson declined to speak specifically about the regulatory process and the FDIC alsodeclinecd comment.
“I’m confident we’re goingf to be able to move forwardand we’ll be successfulp on the appeal of this action,” said Arneson. When askeed whether the bank has seen an increasee of customers withdrawing moneyfollowing Friday’s announcement, Arneson “We have not seen any significant He declined to define “significant,” but “that’s not an admissiobn that there are deposite leaving.” The bank said it has seen an increase in customerr questions and has posted two videos to its website explaining the health of the bank.
It also announced that it will hold a series of town hall meeting s to answercustomer questions, startintg Tuesday.
The $1.2 billion bank, with 18 branches acrosxs the state, objects to the (FDIC)’s characterizatiojn of the bankas “undercapitalized,” said Jim Arneson, presidentr of Venture Bank, in an interviee Monday. The FDIC on Friday made publifa “prompt corrective action” that it had served the bank on Feb. 13. The bank has 60 days from the date of the ordef to raise more sell itself or merge withanother bank, accordinyg to the order. Arneson said the bank filee an appeal after receiving the orderin February. At the root of the bank’s problem is a $41.6 milliobn loss it has taken as a result of devalued investments in mortgagre giantsand .
The loss had caused its capitalo levelsto deteriorate. Arnesobn said the bank is in talksw with investors to raise additional but could not say whether that will happenj beforethe FDIC’s deadline. “We’re certainly doing all the things we’rde being asked to do,” he said. It’s uncleat if Venture will be forced to shut down if it does not rais enough capital bythe FDIC’s deadline.
A spokeswomanj for the FDIC, who couldn’t comment specifically on Venture’s case, said the orded does “not necessarily” mean the bank will be shut “Any bank can close at any time if they conduct themselvesw in anunsound manner,” said the LaJuan Williams-Dickerson. “I don’t know what will happenb with this bank.” Also unclear is whethere Venture has bought itselvf more time by appealinfgthe FDIC’s action. Arneson declined to speak specifically about the regulatory process and the FDIC alsodeclinecd comment.
“I’m confident we’re goingf to be able to move forwardand we’ll be successfulp on the appeal of this action,” said Arneson. When askeed whether the bank has seen an increasee of customers withdrawing moneyfollowing Friday’s announcement, Arneson “We have not seen any significant He declined to define “significant,” but “that’s not an admissiobn that there are deposite leaving.” The bank said it has seen an increase in customerr questions and has posted two videos to its website explaining the health of the bank.
It also announced that it will hold a series of town hall meeting s to answercustomer questions, startintg Tuesday.
Sunday, September 2, 2012
Culturally Sensitive Hollywood Doesn't Want to Hurt the Feelings of the ... - Business Insider
ycoguqi.wordpress.com
Culturally Sensitive Hollywood Doesn't Want to Hurt the Feelings of the ... Business Insider I'm sure that Hollywood considers itself culturally sensitive, but let's get real. Hollywood is conservative, boring, and loves to exploit stereotypical roles, usually decades after audiences no longer respond favorably to them. If they changed the ... |
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