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Neustel runs a nonprofit. Godshall runs a technologyg startup, and didn’t even know the nonprofit lender existed until his lender suddenly clammedc up onthe firm’s line of credit. The two clients represent how far The Loan Fund has come sinc it was launched 20 yearxs ago by the Conference of Churches and a group ofCatholic nuns. The founders’ mission was to eliminate poverty by providing acceszs to capital forsmalll businesses. They made the kind of loans that banks thoughtr weretoo risky, or simply too small.
Sincse 1989, the fund has made more than $28 milliom in loans with a 97 percent repayment Neustel is executive directorof , whicuh sells fair trade crafts from the developingf world. His first financing from The Loan Fund yeard ago gave himworking capital. More recently, anothee loan helped him stocj up for the holiday shopping seasoj in a roughretail environment. While The Loan Fund still has many nonprofit customersalike Neustel, it now sees largerr companies seeking financing as banks tighteb lending. The same is true for other nonprofitr lenders such asand ACCIÓN New Mexick Arizona Colorado.
WESST saw 40 perceng growth in loans from 2007 to and ACCIÓN saw a 95 percenr jump in loans in the first four month of this year. Godshall is a serialk entrepreneur used to dealing with private equity andventure capital. His , uses a proprietary process to desalinatdindustrial water. But he foun d his options limited when late payments by customerzs and vendors created a cash flow Bob Walton, vice president of business development at , told him aboug The Loan Fund. Most of Walton’s calls used to be from companiese expanding and looking for fundsor incentives. “Noaw we’re getting more calls from folks ‘Do you know where the money he said.
Godshall got a $50,000 loan, which he paid back recently, although he did have to put up the titlw tohis car. “I’ve got a Porsche,” he “So I made sure to pay them back.” Leroyu Pacheco will take your car for collaterapl ona loan, but he doesn’t want to end up drivingg it. Pacheco became executive director of The Loan Fund two and a half year ago and has been aggressive in gettintg the word out that the fund has money to Last year, the fund did its biggesr deal ever, providing $750,00o in bridge financing to venture capital firm for a chile processing plant. About a third of its funding still comesw fromreligious groups, which fund loans at no interest.
The fund also gets moneuy fromnational foundations. It has $7.5 million undeer management from the Smal BusinessInvestment Corp., which funnels state investment dollars to small businesses through partnerds such as The Loan Fund. Paul SBIC’s financial advisor, said the Loan Fund makes “character Staff will listen to the reasons why someone mightyhave less-than-stellar credit, rather than writing them off, he “It’s more patient, it’s more story-driven,” Goblet said. “And everu one of these businesses hasa story.
” One of the keys to the Fund’zs success, Pacheco said, is the technical advice clients receive, befored their loan and during their repayment “We become the financial doctor for your business,” he “We’re not so concerned with getting it over a three to five-yea r period. We just want to get it back and we want a fair rate of That means the fund will even make loans basecd on contracts for future work so that a clienf canbuy materials, he added.
The Loan Fund’sw interest rates range from 7 percent to 10 Sister MarieLuisa Vasquez, whos order, the Adrian Dominicah Sisters, gave The Loan Fund its firsgt $70,000 to launch, said it has remained true to its goal of alleviatin poverty. “It wasn’t like a she said. “This was bringing peoplwe in and helping themhelp themselves.”
Sunday, April 8, 2012
Friday, April 6, 2012
ABQ housing starts hit new low - South Florida Business Journal:
ekaterinaiuvo.blogspot.com
The large supply of unsold new and older homew in the Duke City has deterref new construction in the midsft of thedeepening recession. However, there is more activith in the rest of the overallmetropolitahn area, especially Rio Rancho. There were 96 permits pulled in Januaryu compared to 81 inDecember 2008, for the entirs metro region. The 96 permits were the most sincselast July, when 196 were The winter months are traditionally the slowest for home In Jan. 2008, there were 169 permitzs obtained by large and small home Rio Rancho was the brightg spot in January when 57 permits were obtainedf compared to 50 for the same month oneyear ago.
DataTraq tracks the city of Albuquerque as well asRio Rancho, Los and unincorporated areas of Valencia and Bernalillo counties. remains the most active productiomnhome builder, with 51 permit issued in January, representinh 53 percent of the total. Its North Meadows subdivisiomn was themost active, with 17. For the past 12 Horton has obtained 443 permits while wasissued 241.
The large supply of unsold new and older homew in the Duke City has deterref new construction in the midsft of thedeepening recession. However, there is more activith in the rest of the overallmetropolitahn area, especially Rio Rancho. There were 96 permits pulled in Januaryu compared to 81 inDecember 2008, for the entirs metro region. The 96 permits were the most sincselast July, when 196 were The winter months are traditionally the slowest for home In Jan. 2008, there were 169 permitzs obtained by large and small home Rio Rancho was the brightg spot in January when 57 permits were obtainedf compared to 50 for the same month oneyear ago.
DataTraq tracks the city of Albuquerque as well asRio Rancho, Los and unincorporated areas of Valencia and Bernalillo counties. remains the most active productiomnhome builder, with 51 permit issued in January, representinh 53 percent of the total. Its North Meadows subdivisiomn was themost active, with 17. For the past 12 Horton has obtained 443 permits while wasissued 241.
Wednesday, April 4, 2012
Mortgage rates rise as outlook brightens - Washington Business Journal:
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The average rate on a 30-year fixed-rate mortgage rose to 4.84 percent this week, up from last week'sd 4.78 percent, which tied the lowest rate for a 30 year mortgagre since Freddie Mac started keeping trackin 1971. A year ago, 30 year fixed-ratde mortgages averaged 6.05 percent. A one year adjustable rate mortgag rose a fraction to anaverage 4.78 "Mortgage rates rose slightly this week amid positive economid news that the economy may be approaching the bottom of the recession, says Freddid Mac (NYSE: FRE) chief economist Frank Nothaft.
"In terms of the household sector, the fina l April estimate of consumer sentiment, as measureds by the Universityof Michigan, was revised above the marker consensus." Federal Reserve Board chairman Ben Bernanke testifier on Capitol Hill this week that the Fed believew economic activity will begin to recover later this year. Benanke also said the Fed sees signw the housing marketis stablizing.
Those signs include a report this week from the Nationak Association of Realtors that pending sales of existinhg homes rose in March afteer risingin February, the firsyt back-to-back increase in pending home sales in a
The average rate on a 30-year fixed-rate mortgage rose to 4.84 percent this week, up from last week'sd 4.78 percent, which tied the lowest rate for a 30 year mortgagre since Freddie Mac started keeping trackin 1971. A year ago, 30 year fixed-ratde mortgages averaged 6.05 percent. A one year adjustable rate mortgag rose a fraction to anaverage 4.78 "Mortgage rates rose slightly this week amid positive economid news that the economy may be approaching the bottom of the recession, says Freddid Mac (NYSE: FRE) chief economist Frank Nothaft.
"In terms of the household sector, the fina l April estimate of consumer sentiment, as measureds by the Universityof Michigan, was revised above the marker consensus." Federal Reserve Board chairman Ben Bernanke testifier on Capitol Hill this week that the Fed believew economic activity will begin to recover later this year. Benanke also said the Fed sees signw the housing marketis stablizing.
Those signs include a report this week from the Nationak Association of Realtors that pending sales of existinhg homes rose in March afteer risingin February, the firsyt back-to-back increase in pending home sales in a
Monday, April 2, 2012
Black & Veatch completes purchase of world HQ building - Atlanta Business Chronicle:
iqukikofor.wordpress.com
After considering about 40 alternate area sites duringva two-year real estate analysis, Black & Veatch said March 23 that it woul keep its growing headquarters operation at 11401 Lamar which it has occupied sincer its original construction in 1976. Black & Veatchh bought the building, whichn was expanded to 600,000 square feet in 1996 and is the largesr office buildingin Kansas, from Chicago-basedr . A consortium of local bank s led by financedthe transaction, which eventually is expected to result in more than 1,00o0 new jobs for Overland Park.
The area’a 12th-largest private-sector employer, Black & Veatch employs 3,800 at five area including morethan 2,300 at the Lamar Avenue headquarters. Aftet the building is expanded, by roughlg 2015, it will accommodate a work force of morethan 3,400. “Blackk & Veatch’s decision to expand in Kansax is a testament toour state’s strontg business climate,” Gov. Mark Parkinson said in a Thursdayg release. “Kansas is known for its safe communities, great schoola and highly educatedwork force. We’rew so glad to have a global leader likeBlac & Veatch make Kansasw the home of its worlr headquarters.
” To retain Blacki & Veatch, Kansas offere d an impact grant worth $25 milliomn for training and capitapl investment. The money will come from withholdingf taxes paid by employees at the Overland Park committed toa 10-year, 75 percentr property tax abatement — the largest percentage abated in city history. “Thw combined support of the state of Kansaxs and the city of Overland Park were instrumentapl in reachingthis milestone,” Len Rodman, Black & Veatchj CEO, said in the release.
“With the completion of this we can now begin to implement at our worlde headquarters the same types of innovative and sustainabled solutions we provide every day for our The new world headquarters will includes asolar courtyard, solar canopy, bio garden and innovation pavilion. It also will have extensive work space, common area, facility and energy-management landscaping enhancements; and rainwater-reuse systemes and stormwater run-off management. When completed, the building will be certifier via the Leadership in Energuy andEnvironmental Design, or LEED, progran of the .
“Bringing these innovative and futuristicv enhancements to an older facility tomeet tomorrow’xs design standards presents a large technicap challenge, but is the most sustainablre solution for the area,” Rodman said in the “It’s a challenge our professionals relisbh and take tremendous pride The company has piloted many of the potentiapl design concepts at its more than 100 globao offices and will draw on its LEED-certifies experts and architecture, engineering and construction talentg for the headquarters expansion project. Black & Veatch ranks No. 1 on the Kansax City Business Journal ’ws list of area engineering firms. The $3.
2 billiobn company is one of the world’s largest consulting and construction firms.
After considering about 40 alternate area sites duringva two-year real estate analysis, Black & Veatch said March 23 that it woul keep its growing headquarters operation at 11401 Lamar which it has occupied sincer its original construction in 1976. Black & Veatchh bought the building, whichn was expanded to 600,000 square feet in 1996 and is the largesr office buildingin Kansas, from Chicago-basedr . A consortium of local bank s led by financedthe transaction, which eventually is expected to result in more than 1,00o0 new jobs for Overland Park.
The area’a 12th-largest private-sector employer, Black & Veatch employs 3,800 at five area including morethan 2,300 at the Lamar Avenue headquarters. Aftet the building is expanded, by roughlg 2015, it will accommodate a work force of morethan 3,400. “Blackk & Veatch’s decision to expand in Kansax is a testament toour state’s strontg business climate,” Gov. Mark Parkinson said in a Thursdayg release. “Kansas is known for its safe communities, great schoola and highly educatedwork force. We’rew so glad to have a global leader likeBlac & Veatch make Kansasw the home of its worlr headquarters.
” To retain Blacki & Veatch, Kansas offere d an impact grant worth $25 milliomn for training and capitapl investment. The money will come from withholdingf taxes paid by employees at the Overland Park committed toa 10-year, 75 percentr property tax abatement — the largest percentage abated in city history. “Thw combined support of the state of Kansaxs and the city of Overland Park were instrumentapl in reachingthis milestone,” Len Rodman, Black & Veatchj CEO, said in the release.
“With the completion of this we can now begin to implement at our worlde headquarters the same types of innovative and sustainabled solutions we provide every day for our The new world headquarters will includes asolar courtyard, solar canopy, bio garden and innovation pavilion. It also will have extensive work space, common area, facility and energy-management landscaping enhancements; and rainwater-reuse systemes and stormwater run-off management. When completed, the building will be certifier via the Leadership in Energuy andEnvironmental Design, or LEED, progran of the .
“Bringing these innovative and futuristicv enhancements to an older facility tomeet tomorrow’xs design standards presents a large technicap challenge, but is the most sustainablre solution for the area,” Rodman said in the “It’s a challenge our professionals relisbh and take tremendous pride The company has piloted many of the potentiapl design concepts at its more than 100 globao offices and will draw on its LEED-certifies experts and architecture, engineering and construction talentg for the headquarters expansion project. Black & Veatch ranks No. 1 on the Kansax City Business Journal ’ws list of area engineering firms. The $3.
2 billiobn company is one of the world’s largest consulting and construction firms.
Saturday, March 31, 2012
Fake goods shipped to Africa - This is Leicestershire
ukatekexo.wordpress.com
Fake goods shipped to Africa This is Leicestershire The clothing, footwear and bags â€" including fakes bearing household name brands such as Nike, Adidas, Jack Wills, Ugg and Radley â€" is to be handed to a charity, which will ship it to Zambia. It was seized by Leicestershire County Council's trading ... |
Tuesday, March 27, 2012
Maderis stepping down from Five Prime - Kansas City Business Journal:
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The company has hired Julia Gregory, the formetr executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continude to serve onFive Prime’sd board of directors and as a consultant. Her finaol day on the job is June 18. “Gail’s leadershiop has been pivotal in the progress Five Prime has made in developinb our pipeline and our newdiscovery platform,” said company foundeer and executive chairman Dr. Lewis “Rusty” Williams in a pres s release.
Maderis said the company had been lookinvg for a replacement since late last year aftedr doctorssaid "the 24/7 pace of a small-company could worsen her Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old companuy developing antibody and proteinn drugs for cancer andother diseases, was the firsf to locate in Mission Bay, takint about 30,000 feet in the building on Owenx Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owen s as it makes batches for its Phase I oncology drug program.
The timing of the executivwe change as Five Prime moves forward with its lead cancer programmakeds Gregory’s appointment a crucial one. At Lexicon, Gregoryg was responsible for financing strategies, mergerzs and acquisitions, business operations and all financial management and She raisedabout $1 billiob in public and private product development financing and other Gregory, who will join Five Prime’s board, was an investment banker for more than 20 years. At and Read & Co. Inc. she was head of healthcare andinvestmenyt banking, leading several private and public equityt deals as well as mergers and acquisitions.
Gregory also is a membert of the board of The andthe ’s .
The company has hired Julia Gregory, the formetr executive vice president and chief financial officerat , as replacement. Maderis’ health condition was not disclosed, but she will continude to serve onFive Prime’sd board of directors and as a consultant. Her finaol day on the job is June 18. “Gail’s leadershiop has been pivotal in the progress Five Prime has made in developinb our pipeline and our newdiscovery platform,” said company foundeer and executive chairman Dr. Lewis “Rusty” Williams in a pres s release.
Maderis said the company had been lookinvg for a replacement since late last year aftedr doctorssaid "the 24/7 pace of a small-company could worsen her Besides her duties at Five Maderis has been a cheerleader for the Mission Bay serving on the Mayor’s . Five a privately held, 7-year-old companuy developing antibody and proteinn drugs for cancer andother diseases, was the firsf to locate in Mission Bay, takint about 30,000 feet in the building on Owenx Street. Earlier this year, it took an additional 5,000 square feet next door at 1700 Owen s as it makes batches for its Phase I oncology drug program.
The timing of the executivwe change as Five Prime moves forward with its lead cancer programmakeds Gregory’s appointment a crucial one. At Lexicon, Gregoryg was responsible for financing strategies, mergerzs and acquisitions, business operations and all financial management and She raisedabout $1 billiob in public and private product development financing and other Gregory, who will join Five Prime’s board, was an investment banker for more than 20 years. At and Read & Co. Inc. she was head of healthcare andinvestmenyt banking, leading several private and public equityt deals as well as mergers and acquisitions.
Gregory also is a membert of the board of The andthe ’s .
Sunday, March 25, 2012
Student group helps create Georgia Tech's Google - Atlanta Business Chronicle:
showarticle-cultura.blogspot.com
The 19-year-old Georgia Tech student has launchedthe "Youngt Entrepreneurs Society" to help studentss transform ideas into businesses. The goal “ies to expose more students to startup culture and also to get more companied started out ofGeorgia Tech,” said Karthikeyan, who moved to the Uniter States from Dubai two years ago. The Yountg Entrepreneurs Society, funded with a one-timse $2,500 grant from Georgia Tech’s Collegwe of Computing, provides access to seasonedf entrepreneurs, tickets to startup events and potentially internships atlocaol companies. The group of about 50 to 60 studenteattend twice-weekly meetings.
A third of the members have a startup they’re working on, while another thirde are at the idea-stage. a second-year computer science major, was motivated to launch the group afterattending , a two-dau event during which dozens of ideas are distilledx into a handful of technology startups. The Startul Weekend experience, Karthikeyan said, made him realize how his fellow-Georgis Tech students had “reallgy great ideas,” but weren’t commercializinfg it. “You don’t hear abou a Twitter, or Facebook, or Googl that came out Georgia Tech,” he said.
Karthikeyan’s collegee group might be at the botton of the Atlanta tech food But his efforts atnurturinb tomorrow’s technology companies will be profoundly felt by everyone up the
The 19-year-old Georgia Tech student has launchedthe "Youngt Entrepreneurs Society" to help studentss transform ideas into businesses. The goal “ies to expose more students to startup culture and also to get more companied started out ofGeorgia Tech,” said Karthikeyan, who moved to the Uniter States from Dubai two years ago. The Yountg Entrepreneurs Society, funded with a one-timse $2,500 grant from Georgia Tech’s Collegwe of Computing, provides access to seasonedf entrepreneurs, tickets to startup events and potentially internships atlocaol companies. The group of about 50 to 60 studenteattend twice-weekly meetings.
A third of the members have a startup they’re working on, while another thirde are at the idea-stage. a second-year computer science major, was motivated to launch the group afterattending , a two-dau event during which dozens of ideas are distilledx into a handful of technology startups. The Startul Weekend experience, Karthikeyan said, made him realize how his fellow-Georgis Tech students had “reallgy great ideas,” but weren’t commercializinfg it. “You don’t hear abou a Twitter, or Facebook, or Googl that came out Georgia Tech,” he said.
Karthikeyan’s collegee group might be at the botton of the Atlanta tech food But his efforts atnurturinb tomorrow’s technology companies will be profoundly felt by everyone up the
Friday, March 23, 2012
State budget concerns stall USF pharmacy program - South Florida Business Journal:
llrx-royce.blogspot.com
A bill pending in the establishingfa four-year doctor of pharmacyt degree program at USF is stallec as lawmakers grapple with a budget crisis. Withouty legislative approval, the program could be exacerbating a shortage of pharmacists inthe state. The university isn’tt asking for any money for the programrightt now, although it planzs to seek state support beginning in fiscal year But, with the state facing a budget shortfall for the upcoming fiscal Senate staffers are blocking progress of any spendinf bills, USF President Judy Genshaft told a board of trustee workgroup on April 16.
Genshaft askedr trustees and others at the meeting tosend e-mailds to Senate leaders urging passage of the “The pharmacy program is about providinfg for the needs of the said Rhea Law, president of the boarfd of trustees, adding that retailerss such as (NYSE: WAG) and insurers such as are in need of more pharmacistx in Florida. “The state wouldd put money into incentives to bring thesejobs here,” Law said. voted in January to approvw the USF pharmacy but the Legislature also needs to give its OK becausee pharmacists are licensed bythe state.
Identicalp measures pending in the House and Senate authorize the The House bill isprogressin smoothly, but the Senatre measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft Fasano did not return a callfor comment. The universitg is using funds from corporate andprivate donors, including a $1 millio n anonymous gift, for the initial planning. For fiscalo year 2011-12, when the first class of 50 studentszwould enroll, USF is asking for $1.4 millionj from the state, followed by $2.7 milliohn in FY 2012-13. The program is expected to reach full capacityy at 400 studentsin 2016. Tuitiob would cover about 70 percent ofthe costs.
If the Legislature doesn’ft approve the program, USF coulcd delay it for one year and ask for statee funds beginning in FY Genshaft said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increases private investment and reallocatinhg other university resources. Five other Florida institutions offer doctor ofpharmacyt degrees. Genshaft said none have objected to theUSF program.
A bill pending in the establishingfa four-year doctor of pharmacyt degree program at USF is stallec as lawmakers grapple with a budget crisis. Withouty legislative approval, the program could be exacerbating a shortage of pharmacists inthe state. The university isn’tt asking for any money for the programrightt now, although it planzs to seek state support beginning in fiscal year But, with the state facing a budget shortfall for the upcoming fiscal Senate staffers are blocking progress of any spendinf bills, USF President Judy Genshaft told a board of trustee workgroup on April 16.
Genshaft askedr trustees and others at the meeting tosend e-mailds to Senate leaders urging passage of the “The pharmacy program is about providinfg for the needs of the said Rhea Law, president of the boarfd of trustees, adding that retailerss such as (NYSE: WAG) and insurers such as are in need of more pharmacistx in Florida. “The state wouldd put money into incentives to bring thesejobs here,” Law said. voted in January to approvw the USF pharmacy but the Legislature also needs to give its OK becausee pharmacists are licensed bythe state.
Identicalp measures pending in the House and Senate authorize the The House bill isprogressin smoothly, but the Senatre measure, sponsored by Sen. Mike Fasano, R-New Port is being held up, Genshaft Fasano did not return a callfor comment. The universitg is using funds from corporate andprivate donors, including a $1 millio n anonymous gift, for the initial planning. For fiscalo year 2011-12, when the first class of 50 studentszwould enroll, USF is asking for $1.4 millionj from the state, followed by $2.7 milliohn in FY 2012-13. The program is expected to reach full capacityy at 400 studentsin 2016. Tuitiob would cover about 70 percent ofthe costs.
If the Legislature doesn’ft approve the program, USF coulcd delay it for one year and ask for statee funds beginning in FY Genshaft said. She’s also looking at alternative funding such asincreasing tuition, more fundraising to increases private investment and reallocatinhg other university resources. Five other Florida institutions offer doctor ofpharmacyt degrees. Genshaft said none have objected to theUSF program.
Wednesday, March 21, 2012
GM files for bankruptcy, plans to transfer operations to Wentzville - Business Courier of Cincinnati:
younkinesagugad1746.blogspot.com
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how many, if any, Michiga employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambiu at9 a.m. Monday to assure him the loca l plant wouldremain open. "It's good that they are shippintg in work forthis plant," Lambi said.
"That's a positive that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shuttert its Fenton factors after investint $130 million in them, so it was important for Wentzvillw to not rely on GM so much and diversify its revenue stream. When Lambi took officr seven years ago, Wentzville countedx on GM for about 55 to 60 percent of itstota revenue. Today, that's more like 15 perceng of the city's $24 million generalk fund, because GM pays the city about $3 millio a year in real estate property taxes and other he said.
GM on Monday by the end of but the Wentzville plant was sparedbecause it’s the only plangt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amont the largest in U.S. history and largest-everd U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiobn in assets, according to the filed in New York. GM to St.
largest privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptct and provides $30 billion of additional taxpayer fundsa to restructure. The GM plan as detailex by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinhg toeliminate 21,000 U.S. factory jobs from the 54,000 union memberzs it now employs. Generakl Motors employs 92,000 in the Unitee States and is indirectly responsiblefor 500,000 retirees. The U.S.
government woulde hold a 60 percent financial interest in areorganizee GM, and the UAW would take a 17.5 percent The governments of Canada and the provinc e of Ontario have agreed to a 12 percenyt ownership stake in exchange for financial aid. GM bondholdersx would get 10 percent. "It’xs a bittersweet thing," Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibranr company we once were.
" Download a copy of the
Some operations and equipment from a steek stamping plant inGrand Rapids, which is slated to close as part of the automaker'sa restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville It's not yet known how many, if any, Michiga employees will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambiu at9 a.m. Monday to assure him the loca l plant wouldremain open. "It's good that they are shippintg in work forthis plant," Lambi said.
"That's a positive that corporate thinks this plant willbe Still, Lambi said, rival automaker Chrysler plans to shuttert its Fenton factors after investint $130 million in them, so it was important for Wentzvillw to not rely on GM so much and diversify its revenue stream. When Lambi took officr seven years ago, Wentzville countedx on GM for about 55 to 60 percent of itstota revenue. Today, that's more like 15 perceng of the city's $24 million generalk fund, because GM pays the city about $3 millio a year in real estate property taxes and other he said.
GM on Monday by the end of but the Wentzville plant was sparedbecause it’s the only plangt where Chevrolet Express and GMC Savana vans are The Wentzville plant will still undergo a previously announced and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is amont the largest in U.S. history and largest-everd U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiobn in assets, according to the filed in New York. GM to St.
largest privately held company, Enterprise Rent-a-Car, and to Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptct and provides $30 billion of additional taxpayer fundsa to restructure. The GM plan as detailex by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinhg toeliminate 21,000 U.S. factory jobs from the 54,000 union memberzs it now employs. Generakl Motors employs 92,000 in the Unitee States and is indirectly responsiblefor 500,000 retirees. The U.S.
government woulde hold a 60 percent financial interest in areorganizee GM, and the UAW would take a 17.5 percent The governments of Canada and the provinc e of Ontario have agreed to a 12 percenyt ownership stake in exchange for financial aid. GM bondholdersx would get 10 percent. "It’xs a bittersweet thing," Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibranr company we once were.
" Download a copy of the
Monday, March 19, 2012
American Bio Medica secures $1.5M credit line - Pacific Business News (Honolulu):
vykyvimote.wordpress.com
The 3-year agreement with New York City-based providez American Bio Medica (Nasdaq: ABMC) with a $1.5 milliojn revolving line of credit. This line replacew one of the Kinderhook, N.Y. drug-test kit manufacturer’s previous credit facilitiew with . That line was for up to About $650,000 of the proceeds from the new line have been used to repayuFirst Niagara, which is based in Lockport, N.Y. The rest will be used to providse American Bio Medica with increasef liquidity for general corporate includingworking capital.
“Given the current status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provide by Rosenthal and Rosenthal, enablinb us to increase the size of our line of creditr facility,” said Stan Cipkowski, CEO of American Bio Medica. “The additionap borrowing capacity will provide the companyh with access to capital resources enablin g us to weather these difficulteconomic times, as well as provide resourcees for our anticipated growth in the eventual He said the company now will focus on obtainingb new loans to replace its curren term note and real estate mortgage with Firstt Niagara.
Those credits total about $1 million.
The 3-year agreement with New York City-based providez American Bio Medica (Nasdaq: ABMC) with a $1.5 milliojn revolving line of credit. This line replacew one of the Kinderhook, N.Y. drug-test kit manufacturer’s previous credit facilitiew with . That line was for up to About $650,000 of the proceeds from the new line have been used to repayuFirst Niagara, which is based in Lockport, N.Y. The rest will be used to providse American Bio Medica with increasef liquidity for general corporate includingworking capital.
“Given the current status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provide by Rosenthal and Rosenthal, enablinb us to increase the size of our line of creditr facility,” said Stan Cipkowski, CEO of American Bio Medica. “The additionap borrowing capacity will provide the companyh with access to capital resources enablin g us to weather these difficulteconomic times, as well as provide resourcees for our anticipated growth in the eventual He said the company now will focus on obtainingb new loans to replace its curren term note and real estate mortgage with Firstt Niagara.
Those credits total about $1 million.
Saturday, March 17, 2012
Alton Symphony faces tough times - STLtoday.com
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Alton Symphony faces tough times STLtoday.com Nick Morris (center) and Christine Banda, both viola players with the Alton Symphony Orchestra, vote Monday, March 12, 2012, in favor of having the orchestra members raise half the money needed to keep the organization going. Photo by David Carson, ... |
Thursday, March 15, 2012
Unemployment rate falls in Allegheny, Beaver counties - Triangle Business Journal:
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and Industry released seasonally adjustede unemployment figures forthe state’s counties and metropolitann statistical areas on In Allegheny County, the unemploymenf rate fell from 6.6 percent in March to 6.5 percent in Beaver County’s went from 8.2 percent in March to 7.9 percen t in April. The improvements in Allegheny andBeave counties, however, were not enough to boost the seven-county Pittsburgyh MSA, which saw its seasonally adjusted unemploymen t rate increase from 7.2 percent in March to 7.3 percenty in April. Pennsylvania’s unemploymeny rate held steadyat 7.8 percent.
When makinv comparisons, the Department of Labor and Industry uses seasonallyh adjusted figures in order to account for cyclica l hiring differencesthat don’t reflect changes in the overallo economy. Employment in the seven-county Pittsburgh area continuesz to be stronger than manyother areas. In addition to bestinhg the state by half apercentage point, unemploymengt in the Pittsburgh MSA is 1.6 percentage point s lower than the United States as a which has seasonally adjusted unemployment of 8.9 Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percenty Pittsburgh: 7.3 percent Philadelphia: 7.9 percent York-Hanover: 7.9 percent 8.
3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percenrt Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenft ranged from 6.5 percent in Allegheny County to 9.8 percenrt in Armstrong County. Here is the breakdowjn by county: Allegheny: 6.5 percengt Butler: 7.3 percent Washington: 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 percent Armstrong: 9.8 percentr
and Industry released seasonally adjustede unemployment figures forthe state’s counties and metropolitann statistical areas on In Allegheny County, the unemploymenf rate fell from 6.6 percent in March to 6.5 percent in Beaver County’s went from 8.2 percent in March to 7.9 percen t in April. The improvements in Allegheny andBeave counties, however, were not enough to boost the seven-county Pittsburgyh MSA, which saw its seasonally adjusted unemploymen t rate increase from 7.2 percent in March to 7.3 percenty in April. Pennsylvania’s unemploymeny rate held steadyat 7.8 percent.
When makinv comparisons, the Department of Labor and Industry uses seasonallyh adjusted figures in order to account for cyclica l hiring differencesthat don’t reflect changes in the overallo economy. Employment in the seven-county Pittsburgh area continuesz to be stronger than manyother areas. In addition to bestinhg the state by half apercentage point, unemploymengt in the Pittsburgh MSA is 1.6 percentage point s lower than the United States as a which has seasonally adjusted unemployment of 8.9 Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percenty Pittsburgh: 7.3 percent Philadelphia: 7.9 percent York-Hanover: 7.9 percent 8.
3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percenrt Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenft ranged from 6.5 percent in Allegheny County to 9.8 percenrt in Armstrong County. Here is the breakdowjn by county: Allegheny: 6.5 percengt Butler: 7.3 percent Washington: 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 percent Armstrong: 9.8 percentr
Tuesday, March 13, 2012
Aloha Airlines Cargo back in the air - Pacific Business News (Honolulu):
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Seattle-based , which bid $10.5 million for the Hawaii interisland air cargo is expected to announce officially on Friday that it haspurchasedd Aloha's cargo business. Aloha Airlines Cargo workers were on the job Fridayg and confirmed that the company was back in A statement released Thursda yby U.S. Sen. Daniel Inouye, who helped push the praised thecourt ruling. U.S. Bankruptcy Judge Lloyd King approvedf a motion to allow the company to fly cargoo at least untilMay 14, the day the sale is expecteed to receive final approval.
Saltchuk's new subsidiar y will be called Aeko A dispute between the Air Line Pilots Associationand Aloha's cargo operation has apparentl been put aside temporarily in an effort to get the airlined back in service. The Air Line Pilots Associatiobn has been pushing for senior pilots who were laid off by Alohw Airlines March 31 to bump junior pilotsz from thecargo flights. Aloha Air Cargo employes 300 and carries about 85 percenf of interislandair cargo. It ceases operations Monday after lender GMAC Commercial Finance pulled funding for the cargo Saltchuk is the parent company of and HawaiianTug & which provides the majority of interislandx shipping service.
Seattle-based , which bid $10.5 million for the Hawaii interisland air cargo is expected to announce officially on Friday that it haspurchasedd Aloha's cargo business. Aloha Airlines Cargo workers were on the job Fridayg and confirmed that the company was back in A statement released Thursda yby U.S. Sen. Daniel Inouye, who helped push the praised thecourt ruling. U.S. Bankruptcy Judge Lloyd King approvedf a motion to allow the company to fly cargoo at least untilMay 14, the day the sale is expecteed to receive final approval.
Saltchuk's new subsidiar y will be called Aeko A dispute between the Air Line Pilots Associationand Aloha's cargo operation has apparentl been put aside temporarily in an effort to get the airlined back in service. The Air Line Pilots Associatiobn has been pushing for senior pilots who were laid off by Alohw Airlines March 31 to bump junior pilotsz from thecargo flights. Aloha Air Cargo employes 300 and carries about 85 percenf of interislandair cargo. It ceases operations Monday after lender GMAC Commercial Finance pulled funding for the cargo Saltchuk is the parent company of and HawaiianTug & which provides the majority of interislandx shipping service.
Sunday, March 11, 2012
Anti-bullying law fix gets hearing Monday - Asbury Park Press
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Anti-bullying law fix gets hearing Monday Asbury Park Press Diane Allen, Garden State Equality Chair and CEO Steven Goldstein and Assemblywoman Valerie Vainieri Huttle to announce the introduction of bipartisan legislation to fix the anti-bullying law. / PHOTO COURTESY OF TIM LARSEN/OFFICE OF THE GOVERN TRENTON ... |
Friday, March 9, 2012
Two transported, four detained after shooting - Odessa American
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Tuesday, March 6, 2012
Best Buy to sell electric motorcycles, bikes - Minneapolis / St. Paul Business Journal:
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The Richfield retailer is embracingthe e-bikee concept, preparing to begin selling next month an electricx motorcycle made by Brammo. Powered bicycles made by Currie Technologie and Ultra Motors also are according to a reportr in Bicycle Retailer and IndustryNews . The Brammp bikes — which resemble a small motorcycle and can reacyh speeds of 50mph — will go on sale July 6 at a Best Buy locatio n in Portland, Ore., as part of a test-marketing said John Farris, a spokesman for Brammo. Further West Coast Best Buy locations will The first Brammo model to go on sale at Best Buy is called Enertia. It will retail for about $12,00p and qualifies for a 10 perceny federaltax credit.
It’s 100 percent plug-im electric, can be plugged into any household electricao socket and has a range of about 45 Farris said. Brammo is headquartered in Ashland, and has received funding from BestBuy BBY), according to Consumer Reports. Representatives of Best Buy couldn' t immediately be reached for comment.
The Richfield retailer is embracingthe e-bikee concept, preparing to begin selling next month an electricx motorcycle made by Brammo. Powered bicycles made by Currie Technologie and Ultra Motors also are according to a reportr in Bicycle Retailer and IndustryNews . The Brammp bikes — which resemble a small motorcycle and can reacyh speeds of 50mph — will go on sale July 6 at a Best Buy locatio n in Portland, Ore., as part of a test-marketing said John Farris, a spokesman for Brammo. Further West Coast Best Buy locations will The first Brammo model to go on sale at Best Buy is called Enertia. It will retail for about $12,00p and qualifies for a 10 perceny federaltax credit.
It’s 100 percent plug-im electric, can be plugged into any household electricao socket and has a range of about 45 Farris said. Brammo is headquartered in Ashland, and has received funding from BestBuy BBY), according to Consumer Reports. Representatives of Best Buy couldn' t immediately be reached for comment.
Sunday, March 4, 2012
Hilo Hattie sold to clothing manufacturer - Houston Business Journal:
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The company’s sale to may be off the tableafter U.S. Bankruptcy Judge Robert Faris delayed rulinh onthe company’s bid to buy Hilo Hattie for $1 The ownership transfer was announced on Monday in U.S. Bankruptcy Courtr in Honolulu, where Faris also continueds until June 29 several including one to appoint a trusteee to take over management of the Faris also suspendedHilo Hattie’s ability to borrowq money under a line of credit. Maui Diverz Jewelry had offered last month to buy Hilo Hattier and its seven storesfor $1 millioj in cash, and to invesg another $2 million in the business.
Maui Divers’ Cuylar Shaw, told Faris that the offer was off the table if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylor said throug a spokeswoman Monday afternoonn that the company would hold its offer open until the next Hilo Hattie attorney James Wagner told the judge that Donalf B.S. Kang, owner of , acquirer 100 percent of the company’s share s on Friday from , whichh bought Hilo Hattie from founder Jim Romi g last year before filingh for Chapter 11bankruptcy protection. Kang is also on the boarfd of directorsof .
Hilo Hattie CEO Ted Nelsonh and President John Scott resigned from their positions on Friday and Kang has assumexd the post of president ofHilo Hattie, Wagner told the court. Royapl Hawaiian Creations was listed as the second largest owed morethan $798,000, when Hilo Hattiwe filed for Chapter 11 last Oct. 2. It is owed anothee $252,000 in an administrative claim, according to courtg documents. Maui Divers was the largest creditor, owed $1.
245 million, and Taylor was co-chairman of the committee of unsecurede creditors until resigningin mid-May, prior to making the Royal Hawaiian Creations also resigned from the committee, whicb supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hattise with $1 million in and “will arrange for an infusion of $2 millionh in working capital” into Hilo Hattie upon its emergencer from bankruptcy, according to a documeng filed on Monday before the hearing. Kang said he planxs to follow the plan of reorganizationb submitted by Hilo Hattie andits Pomare, Ltd., last week, which calls for paying unsecured creditora about 5 cents on the dollar.
Wagner told the judgd that the reorganization plan filed on June15 “waw a placeholder,” because the sale to Maui Diverz had not been confirmed. He said he didn’tg expect any change in the treatment ofthe company’a hundreds of creditors under Kang’w ownership. The 46-year-old which claimed $23.5 million in debt in the Chapter11 filing, has been losing money “at a clip of $500,00o per month,” Ted Pettit, attorney for the creditors’ told the judge.
Pettit also said he was “very to learn of the stock transfer on Friday He notedthat Kang’s business is in manufacturing appare l overseas, and said that Kang intendeds to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a factory. Kang said afterd the hearing that he intended for the buildin g to remain as a store andadministrative offices. But the judged expressed concern that Maui Diversa had not reached agreement withHilo Hattie’s landlords, most of whom have givenh the company substantial rent relief, for its sevenb stores.
Pettit said that some landlordzs were hesitant to negotiate untik they knew for sure whether Maui Diver would be the new Faris also considered the transfer of stockl to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentdin full. “It seems we have a second he said. “It may be a bettefr offer.” Nelson said that he had had discussions with Kang over the last severall months and said Kanghad “continuously offered to be as as he could.
The company’s sale to may be off the tableafter U.S. Bankruptcy Judge Robert Faris delayed rulinh onthe company’s bid to buy Hilo Hattie for $1 The ownership transfer was announced on Monday in U.S. Bankruptcy Courtr in Honolulu, where Faris also continueds until June 29 several including one to appoint a trusteee to take over management of the Faris also suspendedHilo Hattie’s ability to borrowq money under a line of credit. Maui Diverz Jewelry had offered last month to buy Hilo Hattier and its seven storesfor $1 millioj in cash, and to invesg another $2 million in the business.
Maui Divers’ Cuylar Shaw, told Faris that the offer was off the table if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylor said throug a spokeswoman Monday afternoonn that the company would hold its offer open until the next Hilo Hattie attorney James Wagner told the judge that Donalf B.S. Kang, owner of , acquirer 100 percent of the company’s share s on Friday from , whichh bought Hilo Hattie from founder Jim Romi g last year before filingh for Chapter 11bankruptcy protection. Kang is also on the boarfd of directorsof .
Hilo Hattie CEO Ted Nelsonh and President John Scott resigned from their positions on Friday and Kang has assumexd the post of president ofHilo Hattie, Wagner told the court. Royapl Hawaiian Creations was listed as the second largest owed morethan $798,000, when Hilo Hattiwe filed for Chapter 11 last Oct. 2. It is owed anothee $252,000 in an administrative claim, according to courtg documents. Maui Divers was the largest creditor, owed $1.
245 million, and Taylor was co-chairman of the committee of unsecurede creditors until resigningin mid-May, prior to making the Royal Hawaiian Creations also resigned from the committee, whicb supported the sale of Hilo Hattie to Maui Kang proposes to fund a line of credit for Hilo Hattise with $1 million in and “will arrange for an infusion of $2 millionh in working capital” into Hilo Hattie upon its emergencer from bankruptcy, according to a documeng filed on Monday before the hearing. Kang said he planxs to follow the plan of reorganizationb submitted by Hilo Hattie andits Pomare, Ltd., last week, which calls for paying unsecured creditora about 5 cents on the dollar.
Wagner told the judgd that the reorganization plan filed on June15 “waw a placeholder,” because the sale to Maui Diverz had not been confirmed. He said he didn’tg expect any change in the treatment ofthe company’a hundreds of creditors under Kang’w ownership. The 46-year-old which claimed $23.5 million in debt in the Chapter11 filing, has been losing money “at a clip of $500,00o per month,” Ted Pettit, attorney for the creditors’ told the judge.
Pettit also said he was “very to learn of the stock transfer on Friday He notedthat Kang’s business is in manufacturing appare l overseas, and said that Kang intendeds to take over Hilo Hattie’s Nimitz Highway headquarters and turn it into a factory. Kang said afterd the hearing that he intended for the buildin g to remain as a store andadministrative offices. But the judged expressed concern that Maui Diversa had not reached agreement withHilo Hattie’s landlords, most of whom have givenh the company substantial rent relief, for its sevenb stores.
Pettit said that some landlordzs were hesitant to negotiate untik they knew for sure whether Maui Diver would be the new Faris also considered the transfer of stockl to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentdin full. “It seems we have a second he said. “It may be a bettefr offer.” Nelson said that he had had discussions with Kang over the last severall months and said Kanghad “continuously offered to be as as he could.
Friday, March 2, 2012
Investors plan first Callen National Bank of Florida location - Orlando Business Journal:
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The investors hope to open the locationb at Aloma Avenue and Lakemont Avenuwe in Winter Park by June saysMichael Russo, a 20-year banking veteran who will servew as senior vice president and chief lending officer. The which was not yet namexd when announced earlier this has assumed themoniker . The which include prominant Central Florida business leaders Robinson Callen andJerry Free, have increasexd Callen National Bank's investor offering target from $7.
5 millionn to $10 million, of whicb half is committed, to meet strontg demand and federal bank charter requirements, says The higher investor offering is expected to boostg the bank's assets to $50 million to $75 million in the firsrt 18 months, he adds. The investors also have movecd the targeted charter approval date from February toAprik 2005. Russo previously said that the bank will targett underserved entrepreneurs and small businesses inthe market.
The investors hope to open the locationb at Aloma Avenue and Lakemont Avenuwe in Winter Park by June saysMichael Russo, a 20-year banking veteran who will servew as senior vice president and chief lending officer. The which was not yet namexd when announced earlier this has assumed themoniker . The which include prominant Central Florida business leaders Robinson Callen andJerry Free, have increasexd Callen National Bank's investor offering target from $7.
5 millionn to $10 million, of whicb half is committed, to meet strontg demand and federal bank charter requirements, says The higher investor offering is expected to boostg the bank's assets to $50 million to $75 million in the firsrt 18 months, he adds. The investors also have movecd the targeted charter approval date from February toAprik 2005. Russo previously said that the bank will targett underserved entrepreneurs and small businesses inthe market.
Wednesday, February 29, 2012
Avigen revenue falls in Q3 - San Francisco Business Times:
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The biotechnology company reported a net lossof $6.5 million, or 32 centd a share, on revenue of $8,000 for the quartefr ended Sept. 30. Last year over the same the company reported a net lossof $6.9 million, or 34 cent a share, on revenue of $140,000. Analysts surveyed by Thomson Firsf Call estimated a net loss of33 cents. Total operating expensex for the most recent quartefwas $6.9 million, compared to $7.7 million for the same perior in 2003.
In the company announced a restructuriny andlayoff plan, cutting its work force by 40 In a statement, Kenneth Chahine, the company' chief executive officer, said that the quarter's financial resultsz are in line with management expectations and consistenft with the company's realigned product development As of Sept. 30, the company had approximately $81 millioh in cash, cash equivalents, available-for-sale securities and restricte d investments. Shares of the company AVGN) were up 6.7 percent to $3.
37 at
The biotechnology company reported a net lossof $6.5 million, or 32 centd a share, on revenue of $8,000 for the quartefr ended Sept. 30. Last year over the same the company reported a net lossof $6.9 million, or 34 cent a share, on revenue of $140,000. Analysts surveyed by Thomson Firsf Call estimated a net loss of33 cents. Total operating expensex for the most recent quartefwas $6.9 million, compared to $7.7 million for the same perior in 2003.
In the company announced a restructuriny andlayoff plan, cutting its work force by 40 In a statement, Kenneth Chahine, the company' chief executive officer, said that the quarter's financial resultsz are in line with management expectations and consistenft with the company's realigned product development As of Sept. 30, the company had approximately $81 millioh in cash, cash equivalents, available-for-sale securities and restricte d investments. Shares of the company AVGN) were up 6.7 percent to $3.
37 at
Monday, February 27, 2012
Saturday, February 25, 2012
Two transported, four detained after shooting Odessa American Both suspects wanted in connection with drive-by shootings early Thursday morning turned themselves in after police sought their arrests on second degree felony aggravated assault charges. A total of six men were arrested in investigations relating to ... |
Yahoo! Philippines News | Free Agent: Realm of the Mad God Gamespy.com This week, he desperately attempts to pull himself away from indie MMO bullet-hell delight Realm of the Mad God long enough to write about it. My first steps into Realm of the Mad God's world are not exactly what I would c » |
Thursday, February 23, 2012
Hawaii News Now - KGMB and KHNLLa Salle loses 80-79 in OT to No. 22 Temple - Hawaii News Now
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Tuesday, February 21, 2012
Hawaii News Now - KGMB and KHNLLa Salle loses 80-79 in OT to No. 22 Temple Hawaii News Now AP Sports News Video More>> Pa. judge rejects AG's request for out-of-county jury, says Sandusky can see grandkids More>> By ROB MAADDI AP Sports Writer PHILADELPHIA (AP) - Earl Pettis held the ball and let the seconds tick away, waiting until just the ... |
AngioDynamics to Present at Upcoming Investor Conferences MarketWatch (press release) Mr. DeVivo is scheduled to present on Tuesday, February 28, 2012, at 4:05 pm ET. A live webcast and subsequent archived replay of AngioDynamics' presentations at these conferences may be accessed via the investor relations section of the Company's Web ... |
Sunday, February 19, 2012
Chrysler to restart Kenosha engine plant - San Antonio Business Journal:
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The Auburn Hills-Mich.-based automaker idled all its plants when it filede for Chapter 11 bankruptcyApril 30. Chrysler said factorie in Michigan, Missouri, Ohio, Canada and Mexico woulde resume operationsJune 29. A Dodge plant in Detroiy had already resumed operationson Monday. Chrysletr emerged from its Chapter 11 bankruptc y onJune 10, with the company’s assetsw being transferred to a new corporation operatedd by . The reorganization plan remade the company into one owneed 55 percent by a unionpension trust, 20 percenrt owned by Fiat — a share that could grow to 35 percen — and the rest owned by the governmentss of the United States and Canada.
Fiat cannog obtain a majority stake in Chrysler untilp all taxpayer fundsare repaid. Chrysler had intende to close its engine plant in Kenosha in 2010 underthe
The Auburn Hills-Mich.-based automaker idled all its plants when it filede for Chapter 11 bankruptcyApril 30. Chrysler said factorie in Michigan, Missouri, Ohio, Canada and Mexico woulde resume operationsJune 29. A Dodge plant in Detroiy had already resumed operationson Monday. Chrysletr emerged from its Chapter 11 bankruptc y onJune 10, with the company’s assetsw being transferred to a new corporation operatedd by . The reorganization plan remade the company into one owneed 55 percent by a unionpension trust, 20 percenrt owned by Fiat — a share that could grow to 35 percen — and the rest owned by the governmentss of the United States and Canada.
Fiat cannog obtain a majority stake in Chrysler untilp all taxpayer fundsare repaid. Chrysler had intende to close its engine plant in Kenosha in 2010 underthe
Thursday, February 16, 2012
Report: Foreclosures are top sellers - Philadelphia Business Journal:
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said banks that are willing to deal on foreclosed units are driving the firsytquarter activity. For example, Shoma at Keys Cove in soutn Miami-Dade County sold the most, with 50 unitws closing in thefirst quarter. The Vue at Brickelll sold 25 condos, ranking it seventh on CondoReports.com’ top-190 list. “Many banks have taken ownershipl of units in these buildingds and are looking toget out,” said Adam president of CondoReports.com. “Banks, either through shortg sales or units they own as a resultof foreclosures, are the most active sellerz in today’s market as they are willing to accept marketg prices.
” The 10 most activer buildings produced an average of 29 sales, or one sale evergy three days. The buildings accounted for more than 11 percenyt of all condo sales in according toa CondoReports.com news Most of the activity is tied to individual unit sales, and not bulk Cappel said. “These buildings are moving toward stabilituy as speculative investors and thinly capitalized owners are beinf replaced witheither owner-occupant or well-capitalized, patient investords buying in at a much lower cost,” Cappel said in the “Most are individual unit sales. The studyy looked at closed salesin 2,000 condoi projects with at least 50 unitse throughout Miami-Dade.
The study excluded unitw delivered in 2008 and 2009 because those sales were likelyh driven bypreconstruction contracts, Cappe l said.
said banks that are willing to deal on foreclosed units are driving the firsytquarter activity. For example, Shoma at Keys Cove in soutn Miami-Dade County sold the most, with 50 unitws closing in thefirst quarter. The Vue at Brickelll sold 25 condos, ranking it seventh on CondoReports.com’ top-190 list. “Many banks have taken ownershipl of units in these buildingds and are looking toget out,” said Adam president of CondoReports.com. “Banks, either through shortg sales or units they own as a resultof foreclosures, are the most active sellerz in today’s market as they are willing to accept marketg prices.
” The 10 most activer buildings produced an average of 29 sales, or one sale evergy three days. The buildings accounted for more than 11 percenyt of all condo sales in according toa CondoReports.com news Most of the activity is tied to individual unit sales, and not bulk Cappel said. “These buildings are moving toward stabilituy as speculative investors and thinly capitalized owners are beinf replaced witheither owner-occupant or well-capitalized, patient investords buying in at a much lower cost,” Cappel said in the “Most are individual unit sales. The studyy looked at closed salesin 2,000 condoi projects with at least 50 unitse throughout Miami-Dade.
The study excluded unitw delivered in 2008 and 2009 because those sales were likelyh driven bypreconstruction contracts, Cappe l said.
Tuesday, February 14, 2012
Orlando board backs 11-story project - Orlando Business Journal:
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The Columbus, Ohio-based development firm on Feb. 17 received master plan approval from the Orlando Municipal Planninb Board foran 1.36-acre office midrise project in the area knownm as Uptown. The project must still gain the backingv of the OrlandoCity Council, which has not set a hearing on it. Preliminaruy plans for the site, located at the southeastg corner of North Orange Avenuw and ParkLake Street, include 151,755 square feet of officre space, 12,092 square feet of ground-floor retail and nearly 500 parking spaces, according to plans submitted to the city by Pizzuto Park Lake LLC.
Senior Vice President Scott who works out ofthe firm’s Orlando office, said the firm coulde start construction by next fall, depending on how thingw go with tenant signings. He declined to share the estimateproject value, but Orange County records show Pizzut i Park Lake spent nearly $8.1 million on eight parcel s totaling 2.6 acres on North Orange and Park Lake betweenj April and May of last The architect for the projectf is Hunton Brady Architects and Bowyer-Singleton & Associatesz Inc. is the engineer, according to a city Hall said Pizzuti is about a month away from signinh a couple ofmajor tenants, which is crucialk for the project’s financing.
Lenders typicallyg require more than 50 percent of the space to be leasedf before loaning money for aconstruction “Class A office space in downtown Orlando is still very attractive to Hall said. “There are still peopled out there whose businesses are still who are busy as ever and stillsigninvg leases.” But the project appearws to come at a time when vacancie are growing and landlorda are competing heavily to outpric e one another in the tenant-friendly Downtown Orlando experienced a fourth-quarter 16.3 percent vacanct rate in Class A officre space, according to . That number was 15.5 percent in the third quarter, the reportr said.
Hall said he’s confident Pizzuti’s projectg will be able to attract long-term tenants, versus all the short-termk deals that are being offered by other landlordws in adepressed market. Pizzuti appears to on schedules to capitalize on markert conditions oncethey improve, said Craig Ustler, principalp of Orlando-based Ustler in November announced plans to begib work on a new $35 million, seven-story offices building on South Street and Summerlin Avenur after inking to a 65,000-square-foot lease.
Ustle r said that deal, which eats up 65 percen t of thenew building’s office space, was key to the Ustler said Pizzuti will likely have to securse a tenant for 75,000-100,000 squarwe feet of space to get it but it’s not impossible. “In the short the next couple of months are goint to be alittle challenging, but he’ll get it Ustler said of Hall. “This is a good time for them to be wherethey are.
They’re clearly spendingh money, they’re serious about the and it’s a good development firm with agood Additionally, Pizzuti will likely becomes a tenant in the new building, Hall The company currently leases space in Lincoln Plaza in downtown
The Columbus, Ohio-based development firm on Feb. 17 received master plan approval from the Orlando Municipal Planninb Board foran 1.36-acre office midrise project in the area knownm as Uptown. The project must still gain the backingv of the OrlandoCity Council, which has not set a hearing on it. Preliminaruy plans for the site, located at the southeastg corner of North Orange Avenuw and ParkLake Street, include 151,755 square feet of officre space, 12,092 square feet of ground-floor retail and nearly 500 parking spaces, according to plans submitted to the city by Pizzuto Park Lake LLC.
Senior Vice President Scott who works out ofthe firm’s Orlando office, said the firm coulde start construction by next fall, depending on how thingw go with tenant signings. He declined to share the estimateproject value, but Orange County records show Pizzut i Park Lake spent nearly $8.1 million on eight parcel s totaling 2.6 acres on North Orange and Park Lake betweenj April and May of last The architect for the projectf is Hunton Brady Architects and Bowyer-Singleton & Associatesz Inc. is the engineer, according to a city Hall said Pizzuti is about a month away from signinh a couple ofmajor tenants, which is crucialk for the project’s financing.
Lenders typicallyg require more than 50 percent of the space to be leasedf before loaning money for aconstruction “Class A office space in downtown Orlando is still very attractive to Hall said. “There are still peopled out there whose businesses are still who are busy as ever and stillsigninvg leases.” But the project appearws to come at a time when vacancie are growing and landlorda are competing heavily to outpric e one another in the tenant-friendly Downtown Orlando experienced a fourth-quarter 16.3 percent vacanct rate in Class A officre space, according to . That number was 15.5 percent in the third quarter, the reportr said.
Hall said he’s confident Pizzuti’s projectg will be able to attract long-term tenants, versus all the short-termk deals that are being offered by other landlordws in adepressed market. Pizzuti appears to on schedules to capitalize on markert conditions oncethey improve, said Craig Ustler, principalp of Orlando-based Ustler in November announced plans to begib work on a new $35 million, seven-story offices building on South Street and Summerlin Avenur after inking to a 65,000-square-foot lease.
Ustle r said that deal, which eats up 65 percen t of thenew building’s office space, was key to the Ustler said Pizzuti will likely have to securse a tenant for 75,000-100,000 squarwe feet of space to get it but it’s not impossible. “In the short the next couple of months are goint to be alittle challenging, but he’ll get it Ustler said of Hall. “This is a good time for them to be wherethey are.
They’re clearly spendingh money, they’re serious about the and it’s a good development firm with agood Additionally, Pizzuti will likely becomes a tenant in the new building, Hall The company currently leases space in Lincoln Plaza in downtown
Sunday, February 12, 2012
Cincinnati Metro bracing for funding cuts; may reduce service - Orlando Business Journal:
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About $44.1 million – or about half of the bus service’sd $94.6 million operating budget comes from the cityof Cincinnati’s earnings tax, accordinhg to a Metro news release issued Based on the city’s projected earnings tax Metro anticipates a reduction of betweem $2 million and $3 milliojn in that funding by 2010. And most Metro ride are related to employment or personal business. With unemployment hovering around 10 percent andbudgetes tight, the agency said ridership is So Metro also expects fare revenue to be from $3 million to $5 million lower than budgeted.
In Hamilton County has notified Metro thatit can’t provider 2009 general fund dollarsa for Access service for people with disabilities that goes beyon d what the Americans with Disabilities Act requires. The countg has provided funding for the additional service for thepast decade. That represents $233,0090 in funding. The state of Ohio also has reduced the 2009 amounrt Metro receives for elderly and disabled fare subsidby $137,000, the agency said. “Fod many years Metro has struggled to provide more service than it can Metro CEO Marilyn Shazor said in thenews “We’ve cut costs behincd the scenes, increased fares and improved service efficiency.
We’ve dipped into our reservez and deferred critical capital projects likebus replacement. These stepzs bought us time, but we can’t overcomee the additional lossesin revenue. We must reassessx the level of service that we can reasonablhy provide within the newbudget reality.” Metro will spend the summee analyzing options and talking with customers, employeexs and others to help the agency make decisions for the rest of 2009 and for the 2010 the news release said. “The financiao model is broken,” Shazor said in the release. “We must right-sizde Metro and provide the very best servicr we can within the resourceszwe have.
” Metro also is struggling with inadequate capitalo dollars to replace buses beyond theif useful 12-year life. Even with stimulus dollarw awarded this year forcapital projects, the agencyy will not have enough money in 2010 to replac e 69 buses that are beyond theirr useful life, the release said. Transit systemx in Dayton, Cleveland, Atlanta, St. Louis, San Portland, Boston, Charlotte, Phoenix, Minneapolis, New Chicago and other major marketds also have either implemented or are consideringservicw cuts, fare increases or both to addreses budget deficits since last fall, Metro said in the Metro, operated by the , provides bus service throughout Hamilton County, and portions of Butler, Clermonrt and Warren counties.
About $44.1 million – or about half of the bus service’sd $94.6 million operating budget comes from the cityof Cincinnati’s earnings tax, accordinhg to a Metro news release issued Based on the city’s projected earnings tax Metro anticipates a reduction of betweem $2 million and $3 milliojn in that funding by 2010. And most Metro ride are related to employment or personal business. With unemployment hovering around 10 percent andbudgetes tight, the agency said ridership is So Metro also expects fare revenue to be from $3 million to $5 million lower than budgeted.
In Hamilton County has notified Metro thatit can’t provider 2009 general fund dollarsa for Access service for people with disabilities that goes beyon d what the Americans with Disabilities Act requires. The countg has provided funding for the additional service for thepast decade. That represents $233,0090 in funding. The state of Ohio also has reduced the 2009 amounrt Metro receives for elderly and disabled fare subsidby $137,000, the agency said. “Fod many years Metro has struggled to provide more service than it can Metro CEO Marilyn Shazor said in thenews “We’ve cut costs behincd the scenes, increased fares and improved service efficiency.
We’ve dipped into our reservez and deferred critical capital projects likebus replacement. These stepzs bought us time, but we can’t overcomee the additional lossesin revenue. We must reassessx the level of service that we can reasonablhy provide within the newbudget reality.” Metro will spend the summee analyzing options and talking with customers, employeexs and others to help the agency make decisions for the rest of 2009 and for the 2010 the news release said. “The financiao model is broken,” Shazor said in the release. “We must right-sizde Metro and provide the very best servicr we can within the resourceszwe have.
” Metro also is struggling with inadequate capitalo dollars to replace buses beyond theif useful 12-year life. Even with stimulus dollarw awarded this year forcapital projects, the agencyy will not have enough money in 2010 to replac e 69 buses that are beyond theirr useful life, the release said. Transit systemx in Dayton, Cleveland, Atlanta, St. Louis, San Portland, Boston, Charlotte, Phoenix, Minneapolis, New Chicago and other major marketds also have either implemented or are consideringservicw cuts, fare increases or both to addreses budget deficits since last fall, Metro said in the Metro, operated by the , provides bus service throughout Hamilton County, and portions of Butler, Clermonrt and Warren counties.
Friday, February 10, 2012
O'Hare Airport joining pre-check screening program - Chicago Sun-Times
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Los Angeles Times | O'Hare Airport joining pre-check screening program Chicago Sun-Times AP February 10, 2012 9:26AM A new passenger-screening program to make check-in more convenient and quicker for pre-checked frequent fliers is being expanded to O'Hare Airport and other major US airports. By the end of march, some frequent fliers on ... Cin nicinatti/Northern Kentucky and Indianapolis Airports Join TSA Quick-Screen ... TSA to expand PreCheck program to speed up airport security lines BWI among airports to adopt prescreening program |
Wednesday, February 8, 2012
On The Occasion of Valentine's day, ItsHot.com Announces More New Designs In ... - DigitalJournal.com (press release)
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On The Occasion of Valentine's day, ItsHot.com Announces More New Designs In ... DigitalJournal.com (press release) A Diamond is a woman's best friend. That's why she would love to wear one close to the heart this Valentine's. ItsHot launched a stunning collection of diamond pendants including Diamond Heart Pendants and Diamond Cross Pendants. |
Monday, February 6, 2012
Cloudyn Ends Need for Rampant Over-Provisioning in the Cloud - MarketWatch (press release)
asafevboriegum.blogspot.com
Cloudyn Ends Need for Rampant Over-Provisioning in the Cloud MarketWatch (press release) TEL AVIV, Israel, Feb 06, 2012 (BUSINESS WIRE) -- Cloudyn today announced the general availability of the next generation in cloud cost management solutions, a Software-as-a-Service (SaaS) solution for dynamically optimizing the costs of cloud ... |
Friday, February 3, 2012
Shunning the January sales: How European football turned its back on big ... - Goal.com
mooth35byh.blogspot.com
Shunning the January sales: How European football turned its back on big ... Goal.com Who were the biggest movers in the transfer market? How much was spent? Who was the most expensive player? Goal.com recaps all the major transactions in January Spending was down in almost all of Europe's major leagues in the first month of 2012, ... |
Wednesday, February 1, 2012
The Jazz Digest, February 2012 - Jazz Journal
ovaluleq.wordpress.com
Jazz Journal | The Jazz Digest, February 2012 Jazz Journal Barry Witherden: During 2011 I've derived considerable enjoyment from recordings by such relatively new musicians and bands as Curios, Trichotomy, Led Bib, Kairos 4Tet and Panacea, and the output of independent labels like Edition and Babel, ... |
Monday, January 30, 2012
Mideast Clashes between Syrian regime and opposition forces near center of ... - Foreign Policy (blog)
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Mideast Clashes between Syrian regime and opposition forces near center of ... Foreign Policy (blog) The Free Syria Army had recently moved in toward the capital after hitherto only holding a strong provincial presence in Homs, Hama, and Deraa. According to activists a major troop and tank deployment began on Saturday and came within 3 miles of the ... |
Saturday, January 28, 2012
Three Kansas City-area federal buildings get stimulus money - Kansas City Business Journal:
zemlyanikiyri.blogspot.com
A list obtained by the Washingto n Business Journal indicates that the GSA is prepared tospendc $5.5 billion nationally to convert existinv buildings into environmentally friendly, or facilities or to finance energy-efficiencyt improvements. The in downtown Kansaes City is slated toreceive $103.45 million from the American Recovery and Reinvestment Act. Charliew Cook, a spokesman for the , said the federal moneu would complete the final phase of the renovationa already under way on the building and will add environmentally friendly components tothe building. The Robert Dole U.S. Courthousd and the will receive $4.7 million and $1.05 respectively.
Those two buildings will receive limitec upgrades to improveenergy efficiency. The courthous also will get a new roof. The GSA’s list, dated March 31, has been submitted to Congress. Cook said it’xs still unclear when the projects will begin The projects fall in tandem with the stater purpose ofthe ARRA, which was to creat e jobs and start construction projectss quickly. It was not clear how many jobs the three locao projectscould generate.
A list obtained by the Washingto n Business Journal indicates that the GSA is prepared tospendc $5.5 billion nationally to convert existinv buildings into environmentally friendly, or facilities or to finance energy-efficiencyt improvements. The in downtown Kansaes City is slated toreceive $103.45 million from the American Recovery and Reinvestment Act. Charliew Cook, a spokesman for the , said the federal moneu would complete the final phase of the renovationa already under way on the building and will add environmentally friendly components tothe building. The Robert Dole U.S. Courthousd and the will receive $4.7 million and $1.05 respectively.
Those two buildings will receive limitec upgrades to improveenergy efficiency. The courthous also will get a new roof. The GSA’s list, dated March 31, has been submitted to Congress. Cook said it’xs still unclear when the projects will begin The projects fall in tandem with the stater purpose ofthe ARRA, which was to creat e jobs and start construction projectss quickly. It was not clear how many jobs the three locao projectscould generate.
Thursday, January 26, 2012
Sources: NCR could relocate HQ to Georgia - Minneapolis / St. Paul Business Journal:
exceeding-commissioner.blogspot.com
Ohio government officials said word beganj swirling May 28 thatNCR (NYSE: NCR) is , accordinb to the Dayton Business Journal , a sister publicatioj of Atlanta Business Chronicle . Last fall, NCR said it wouled move its Worldwide Customer Servicesz headquarters tometro Atlanta, investing $15 million and creatinb more than 900 jobs in Peachtree City and Duluth. Whilwe it remains to be seen if Atlantq gets another Fortune 500 NCR is rumored to be opening an additional facilityy in thePeach State, Atlanta Businesd Chronicle has learned. An announcement about that venturd is expected as earlu asnext week, sources in Atlanta and Daytojn said.
NCR is believed to have lookef at sitesin Savannah, and Columbus, Ga., according to a The global technology compant could be eyeing about 100,000 square feet of office space. Baserd on the square footag estimates, real estate sources said, the operatio could house 300 to 400 Company officials and Georgia economiv development officialsremained tight-lipped on any potential development. NCR global spokesmaj Richard Maton told the Daytomn Business Journal the company does not respond to rumors and Inthe past, NCR has been quick to deny rumors of its relocation and affirm its commitment to remaining in Dayton.
A Georgiaz Department of Economic Development spokeswoman did not return calls Friday and A spokeswoman said she had no information on the mattee and a executivedeclineed comment. In October, NCR said it will co-locate an NCR Learninhg Center and its Customer Care Center hub for the Americas regiomn withthe company’s existing Globalk Service Materials operation in Peachtree NCR, founded in Dayton, is the city's largest company, with 20,00o global employees and $5.3 billion in annuap revenue. The company relocated its executive offices to New York City two yearsa ago and leased a floore at 7 World TradeCenter building.
This past the company told employees it is undergoing a structural reorganization and would cut an unknowb amount of itsglobal workforce. That same the company removed thelanguage "worled headquarters" from the sign at its Daytobn campus. Rumors have long circulatef that NCRwould move, however Ohio government and economic development officials said speculatiojn reached a new level in the past few The Ohio Department of Development has repeatedlyu sought information from the company, but as of Fridahy evening NCR remained mute, a state official told the Daytonm Business Journal . Ohio Gov.
Ted Strickland and NCR CEO Bill attempted to talkon Friday, howeved they were unable to coordinate a
Ohio government officials said word beganj swirling May 28 thatNCR (NYSE: NCR) is , accordinb to the Dayton Business Journal , a sister publicatioj of Atlanta Business Chronicle . Last fall, NCR said it wouled move its Worldwide Customer Servicesz headquarters tometro Atlanta, investing $15 million and creatinb more than 900 jobs in Peachtree City and Duluth. Whilwe it remains to be seen if Atlantq gets another Fortune 500 NCR is rumored to be opening an additional facilityy in thePeach State, Atlanta Businesd Chronicle has learned. An announcement about that venturd is expected as earlu asnext week, sources in Atlanta and Daytojn said.
NCR is believed to have lookef at sitesin Savannah, and Columbus, Ga., according to a The global technology compant could be eyeing about 100,000 square feet of office space. Baserd on the square footag estimates, real estate sources said, the operatio could house 300 to 400 Company officials and Georgia economiv development officialsremained tight-lipped on any potential development. NCR global spokesmaj Richard Maton told the Daytomn Business Journal the company does not respond to rumors and Inthe past, NCR has been quick to deny rumors of its relocation and affirm its commitment to remaining in Dayton.
A Georgiaz Department of Economic Development spokeswoman did not return calls Friday and A spokeswoman said she had no information on the mattee and a executivedeclineed comment. In October, NCR said it will co-locate an NCR Learninhg Center and its Customer Care Center hub for the Americas regiomn withthe company’s existing Globalk Service Materials operation in Peachtree NCR, founded in Dayton, is the city's largest company, with 20,00o global employees and $5.3 billion in annuap revenue. The company relocated its executive offices to New York City two yearsa ago and leased a floore at 7 World TradeCenter building.
This past the company told employees it is undergoing a structural reorganization and would cut an unknowb amount of itsglobal workforce. That same the company removed thelanguage "worled headquarters" from the sign at its Daytobn campus. Rumors have long circulatef that NCRwould move, however Ohio government and economic development officials said speculatiojn reached a new level in the past few The Ohio Department of Development has repeatedlyu sought information from the company, but as of Fridahy evening NCR remained mute, a state official told the Daytonm Business Journal . Ohio Gov.
Ted Strickland and NCR CEO Bill attempted to talkon Friday, howeved they were unable to coordinate a
Tuesday, January 24, 2012
Human Capital: People on the move, June 30 - Boston Business Journal:
ucenyt.wordpress.com
, a Boston-based nonprofit organization, added the following Joy Burghardt , vice presidenyt of programs and services; Mary Rahal , vice presidenyt of human resourcesand administration; and Joseph Islesd , director of Boston Careerf Link , the one-stop career center operated by Goodwill. Mari Ryan , CEO of AdvancingWellnesss , a Watertown-based providee of work site wellness programs, was appointed to the boars of directors of Health PromotionAdvocatess , a nonprofit advocacy organization.
, a Cambridge-based provider of mobiler advertising services, added David Karnstedt , president and CEO of Calif-based and former senior vice presidentof 's Nortyh American sales, to its board of directors. , a Marlborough-base direct response media agency, appointerd Keith Turner vice chairman of the boardxof directors. Turner previously serve as president ofSales & Marketing between 1998 and 2006 wher e he held executive responsibility for NBC Universal’s cable and digital sales
, a Boston-based nonprofit organization, added the following Joy Burghardt , vice presidenyt of programs and services; Mary Rahal , vice presidenyt of human resourcesand administration; and Joseph Islesd , director of Boston Careerf Link , the one-stop career center operated by Goodwill. Mari Ryan , CEO of AdvancingWellnesss , a Watertown-based providee of work site wellness programs, was appointed to the boars of directors of Health PromotionAdvocatess , a nonprofit advocacy organization.
, a Cambridge-based provider of mobiler advertising services, added David Karnstedt , president and CEO of Calif-based and former senior vice presidentof 's Nortyh American sales, to its board of directors. , a Marlborough-base direct response media agency, appointerd Keith Turner vice chairman of the boardxof directors. Turner previously serve as president ofSales & Marketing between 1998 and 2006 wher e he held executive responsibility for NBC Universal’s cable and digital sales
Saturday, January 21, 2012
No. 2 Kentucky holds on to beat Alabama, 77-71 - Boston.com
showarticle-cultura.blogspot.com
Boston.com | No. 2 Kentucky holds on to beat Alabama, 77-71 Boston.com 2 Kentucky hit » |
Thursday, January 19, 2012
Global turmoil boosts Smith & Wesson sales - The Business Journal of the Greater Triad Area:
hyperwave-exhausted.blogspot.com
The Springfield, Massachusetts gun makedr (Nasdaq: SWHC) recently secured a rare order from the Indiw Police Force after terrorists stormed Mumbai With support fromthe U.S. Embassy in New Delh and the , Smith Wesson secured an export license and began shippingg weaponsin June. In its fiscap fourth quarter, the company securedd orders from several law enforcement agenciesin Mexico, whose drug-related violence is on the The company on Monday said net sales for the fourty quarter that ended Aprilk 30 surged 20 percen to $99.5 million compared with the year-ag o period. Net income during the quartet was $7.4 million, compared with $3.3 millioh in the year-earlier period.
Smith & Wesson President and CEO Michael F. Golden said in a statement the resultsz reflect a number of records forthe company, includingt for cash levels and unfilled customer orderzs for firearms.
The Springfield, Massachusetts gun makedr (Nasdaq: SWHC) recently secured a rare order from the Indiw Police Force after terrorists stormed Mumbai With support fromthe U.S. Embassy in New Delh and the , Smith Wesson secured an export license and began shippingg weaponsin June. In its fiscap fourth quarter, the company securedd orders from several law enforcement agenciesin Mexico, whose drug-related violence is on the The company on Monday said net sales for the fourty quarter that ended Aprilk 30 surged 20 percen to $99.5 million compared with the year-ag o period. Net income during the quartet was $7.4 million, compared with $3.3 millioh in the year-earlier period.
Smith & Wesson President and CEO Michael F. Golden said in a statement the resultsz reflect a number of records forthe company, includingt for cash levels and unfilled customer orderzs for firearms.
Tuesday, January 17, 2012
Dial Global Continues Radio Coverage Of NFL Championships - Daily Markets (press release)
yfimuna.wordpress.com
Dial Global Continues Radio Coverage Of NFL Championships Daily Markets (press release) 17, 2012 /PRNewswire/ â€" Dial Global (DIAL), a diverse radio programming and advertising sales company, continues its coverage of the NFL Playoffs, including nationwide broadcasts of the AFC and NFC Championship Games and Super Bowl XLVI. ... |
Sunday, January 15, 2012
Former addict's anti-addiction movement generating interest in the community - Chillicothe Gazette
ermolayenayqaked.blogspot.com
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Former addict's anti-addiction movement generating interest in the community Chillicothe Gazette Carliena Smallwood nuzzles her daughter, Miranda, as they share their story and struggles with a family member's drug addition during a Straight Forward organizational meeting Thursday at Daymar College. / Heather Cory/Gazette Straight Forward will ... |
Friday, January 13, 2012
Census: American Internet use surges - Business First of Buffalo:
xoqylyjibo.wordpress.com
That's according to a report released Wednesdayy bythe , which also showd that 62 percent of the nation's households report using the Internet at home in 2007, an 18 percent increase from 1997. Among households using the netin 2007, 82 percent reported using a high-speed connection, and 17 percenf used a dial-up connection. “As access to high speexd connections have becomemore prevalent, so too have the numbetr of people that connect to the Internet at said Thom File, a statistician with the Censuws Bureau Housing and Household Economic Statistics “These data give us a better understanding of who is using the Internet and from Among the states, New Hampshire had the highesgt rate of Internet use for thosee age three and older in 2007 at 82 Mississippi and West Virginia had the lowest rates of use at aboutf 52 percent.
Usage rates for New York stats were at about59 percent. Internet usage also varie d by educationand race. For individualsw 25 and older witha bachelor’xs degree, 87 percent reported goingf online from some location in 2007. Abougt half (49 percent) of those with only a high schoolk diploma reported usingthe Internet, compare with 19 percent for those without a high school diploma. Meanwhile, 69 percent of whites livee in households withInternet use.
The same was true for 51 percengof blacks, 73 percent of Asianxs and 48 percent of
That's according to a report released Wednesdayy bythe , which also showd that 62 percent of the nation's households report using the Internet at home in 2007, an 18 percent increase from 1997. Among households using the netin 2007, 82 percent reported using a high-speed connection, and 17 percenf used a dial-up connection. “As access to high speexd connections have becomemore prevalent, so too have the numbetr of people that connect to the Internet at said Thom File, a statistician with the Censuws Bureau Housing and Household Economic Statistics “These data give us a better understanding of who is using the Internet and from Among the states, New Hampshire had the highesgt rate of Internet use for thosee age three and older in 2007 at 82 Mississippi and West Virginia had the lowest rates of use at aboutf 52 percent.
Usage rates for New York stats were at about59 percent. Internet usage also varie d by educationand race. For individualsw 25 and older witha bachelor’xs degree, 87 percent reported goingf online from some location in 2007. Abougt half (49 percent) of those with only a high schoolk diploma reported usingthe Internet, compare with 19 percent for those without a high school diploma. Meanwhile, 69 percent of whites livee in households withInternet use.
The same was true for 51 percengof blacks, 73 percent of Asianxs and 48 percent of
Wednesday, January 11, 2012
Spartans stun top-ranked South Tama - Marshalltown Times Republican
otomaqaqaba.blogspot.com
Spartans stun top-ranked South Tama Marshalltown Times Republican TAMA - Grundy Center was intent on showing they wouldn't be intimidated by South Tama's lofty ranking or the 6-foot-4 future Cyclone on the roster. The Spartans proved both and knocked the Trojans off the unbeaten pedestal. Grundy Center, a Class 2A ... |
Sunday, January 8, 2012
Times' retirement plan hit by $154M loss - Dallas Business Journal:
ibitasony.wordpress.com
Net assets of the plan for the which owns the Globeand T&G, fell to $417.7 million. The plan was particularlyh hard hit bysome $171.5 million in losses withinn several mutual funds. For example, the plan’s largestr holding, the Vanguard 500 Index Investmentg fund, suffered a nearly 40 percent loss in Another fund inthe Times’ portfolio, the Vanguardd Asset Allocation Investment fund, dropped nearly 32 percent Only one of its major fund holdings, the Dodgwe & Cox Income posted a positive return in 2008. Investments in fixeed income and insurance assetsgenerated $5.3 milliohn in income. Dividend income of $11.6 millioj also helped offset losses.
Interest incomwe from the company’s borrowing from its retirement fundtotaledr $594,000. The Times has traditionally matcherd a fraction ofGlobe employees’ contributions to thei 401(k) accounts, however a proposal in fronr of leadership would eliminate the program.
Net assets of the plan for the which owns the Globeand T&G, fell to $417.7 million. The plan was particularlyh hard hit bysome $171.5 million in losses withinn several mutual funds. For example, the plan’s largestr holding, the Vanguard 500 Index Investmentg fund, suffered a nearly 40 percent loss in Another fund inthe Times’ portfolio, the Vanguardd Asset Allocation Investment fund, dropped nearly 32 percent Only one of its major fund holdings, the Dodgwe & Cox Income posted a positive return in 2008. Investments in fixeed income and insurance assetsgenerated $5.3 milliohn in income. Dividend income of $11.6 millioj also helped offset losses.
Interest incomwe from the company’s borrowing from its retirement fundtotaledr $594,000. The Times has traditionally matcherd a fraction ofGlobe employees’ contributions to thei 401(k) accounts, however a proposal in fronr of leadership would eliminate the program.
Friday, January 6, 2012
Greif raises earnings target as profit jumps - Business First of Columbus:
iqukikofor.wordpress.com
The Delaware-based industrial packager after the markets closef Wednesday reported earnings for the quarter ended July 31totaling $64.6 million, up nearly a third from $48.9 million, or 82 cents a share, in the same period last Both this year’s and last year’s third quarterw include more than $6 million in restructuringb charges. Fiscal third-quarter revenue grew 19 percentto $1.0 3 billion from $874.2 million as the company’ws largest segment, industrial packaging, posted a 21 percenrt sales surge at $852.4 million. The company’ss year-to-date profit was up 71 percent at $173.0 million, or $2.95 a versus $101.4 million, or $1.
72 a share, in the firstg nine months of fiscal 2007. Revenud year-to-date was up 15 percent at $2.8 versus $2.44 billion a year ago. Anotheer quarter of strong performanceand higher-than-expected profitt margins in the industrial packaging segment led the companyg to boost full-year share earnings expectations to a range betweenb $4.45 and $4.55, up from a range of $4.265 and $4.45 after the close of the second Greif (NYSE:GEF) last year earned $2.6r5 a share. The company finishe d its fiscal 2007with $156.4 million in profit on $3.3 billion in revenue. Greif employs abougt 10,300 worldwide.
The Delaware-based industrial packager after the markets closef Wednesday reported earnings for the quarter ended July 31totaling $64.6 million, up nearly a third from $48.9 million, or 82 cents a share, in the same period last Both this year’s and last year’s third quarterw include more than $6 million in restructuringb charges. Fiscal third-quarter revenue grew 19 percentto $1.0 3 billion from $874.2 million as the company’ws largest segment, industrial packaging, posted a 21 percenrt sales surge at $852.4 million. The company’ss year-to-date profit was up 71 percent at $173.0 million, or $2.95 a versus $101.4 million, or $1.
72 a share, in the firstg nine months of fiscal 2007. Revenud year-to-date was up 15 percent at $2.8 versus $2.44 billion a year ago. Anotheer quarter of strong performanceand higher-than-expected profitt margins in the industrial packaging segment led the companyg to boost full-year share earnings expectations to a range betweenb $4.45 and $4.55, up from a range of $4.265 and $4.45 after the close of the second Greif (NYSE:GEF) last year earned $2.6r5 a share. The company finishe d its fiscal 2007with $156.4 million in profit on $3.3 billion in revenue. Greif employs abougt 10,300 worldwide.
Wednesday, January 4, 2012
Hypothermia Can Be Dangerous This Time Of Year - North Central Ohio
uzirukynurylew.blogspot.com
Hypothermia Can Be Dangerous This Time Of Year North Central Ohio She says if you begin sweating, go inside and get dry before you head back out because the wetness and cold air can increase the threat. And, last but not least, layer your clothes, because you can always take layers off. |
Monday, January 2, 2012
Urgent talks to tackle foreign language decline in Scottish schools - stv.tv
erofeyporgrinin.blogspot.com
stv.tv | Urgent talks to tackle foreign language decline in Scottish schools stv.tv Top-level meeting comes on the heels of figures showing an 80% drop in the number of foreign-language classroom assistants. Scotland's skills czar is set to hold talks with education chiefs from around the world in a bid to reverse foreign language ... Action on foreign language decline Minister to meet diplomats over school language worry C » |
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