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 ... |
Sunday, November 11, 2012
Business Journalist/Writer - Bizcommunity.com
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Thursday, November 8, 2012
Vail Resorts plans wage cuts in face of declining visits - Denver Business Journal:
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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)
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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:
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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 » |
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