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 ... |
Saturday, March 31, 2012
Fake goods shipped to Africa - This is Leicestershire
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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:
sucujovide.wordpress.com
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):
fishermen-americachair.blogspot.com
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
ramoledef.blogspot.com
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
http://www.nectaroftheuniverse.com/cold_laser.php
Tuesday, March 6, 2012
Best Buy to sell electric motorcycles, bikes - Minneapolis / St. Paul Business Journal:
opexibu.wordpress.com
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:
ogarawo.wordpress.com
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.
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