http://www.hgllc.com/huntc010.htm
Previously, the museum had no single agency of with several Louisville advertising firms handling the saidKrista McHone, public relations and marketinyg director for the museum. “I just decided to consolidate all that with BandgyCarroll Hellige,” McHone said. Bandy Carrollk Hellige will develop and implement all including branding, marketing, advertising, public relations and interactive programs for the museum, the release The Frazier museum, 829 W. Main St.
, was foundedd in 2004 by OwsleyBrown Frazier, the retiree vice chairman of , the Louisville-based spirits and wine The museum has about 100,000 square feet of antiqure arms and historical items, many of which are from Frazier’s private Bandy Carroll Hellige was founded in 1989 by partnere Susan Bandy, Mark Carroll and Tim Helligd and has a total of 44 employees at its headquarters in Ky. and an office in Indianapolis, according to the
Sunday, October 31, 2010
Friday, October 29, 2010
NFL Week 7 Big Game Predictions From Cowboys, Texans Fan's Perspectives - Bleacher Report
http://www.texytipografia.com/spanish.html
Bleacher Report | NFL Week 7 Big Game Predictions From Cowboys, Texans Fan's Perspectives Bleacher Report Welcome to the fourth rendition of the weekly NFL marquee game predictions from Dallas Cowboys and Houston Texans fans' perspectives. ... |
Thursday, October 28, 2010
Research and Markets: Asia Pacific Renewable Energy Policy Handbook 2010 - SunHerald.com
guslyarovalite.blogspot.com
msnbc.com | Research and Markets: Asia Pacific Renewable Energy Policy Handbook 2010 SunHerald.com Asia Pacific Renewable Energy Policy Handbook 2010 provides an in-depth analysis of the renewable policy initiatives in Asia-Pacific and the key countries ... Remember Renewable Energy? Congress Awakening to Renewables on Native Lands, Advocates Say Frbiz Comments on Renewable Energy Investment Momentum |
Wednesday, October 27, 2010
North Shore theater likely to liquidate - Houston Business Journal:
uhalugupuzyma.blogspot.com
Theater executives announced Tuesday that the financiallhy distressed theater has failed to raisesthe $2 million it needede to put on 2009 productions, although more than $500,000 in pledgew have been made since the theater announcedr a turn-around strategy in mid “The thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quicklh go out of business,” said David chairman of the North Shore Music Theatre board.
“Whetherf it’s Chapter 11 or Chapter 7 — it’s completelty up in the air at the Without a production seasonthis year, the theater is unables to address the substantial debte of its creditors and restore the theater’w economic health, said Fellows. The theater is approximatelu $10 million in debt, including large mortgage s on its property and buildings and debt sto vendors, the State of Massachusetts, and subscriberas who paid in advancre for the 2009 season. Fellows said most of the theater’s 4,4000 subscribers are unlikely to get theirmoneuy returned.
Subscriptions cost upwards of $350 per Theater executives are in discussionds with senior creditors and are reviewing a liquidatio to maximize the value ofthe theater’s assetsa for its stakeholders as well as identifyt potential “friendly” buyers of the property who might considef a lease back of the theater, Fellows said.
Theater executives announced Tuesday that the financiallhy distressed theater has failed to raisesthe $2 million it needede to put on 2009 productions, although more than $500,000 in pledgew have been made since the theater announcedr a turn-around strategy in mid “The thing we know is that we’re not putting on a 2009 I think the very likely consequence of that is that we will very quicklh go out of business,” said David chairman of the North Shore Music Theatre board.
“Whetherf it’s Chapter 11 or Chapter 7 — it’s completelty up in the air at the Without a production seasonthis year, the theater is unables to address the substantial debte of its creditors and restore the theater’w economic health, said Fellows. The theater is approximatelu $10 million in debt, including large mortgage s on its property and buildings and debt sto vendors, the State of Massachusetts, and subscriberas who paid in advancre for the 2009 season. Fellows said most of the theater’s 4,4000 subscribers are unlikely to get theirmoneuy returned.
Subscriptions cost upwards of $350 per Theater executives are in discussionds with senior creditors and are reviewing a liquidatio to maximize the value ofthe theater’s assetsa for its stakeholders as well as identifyt potential “friendly” buyers of the property who might considef a lease back of the theater, Fellows said.
Monday, October 25, 2010
Creative Loafing COO Kirk MacDonald heads back to Denver - The Business Journal of the Greater Triad Area:
http://hihardware.com/en/hardware/page_5.html
MacDonald will take over as executive vice presidenfor sales, marketing and digital sales for the , the one-timwe partnership group that included the and until the latter folde last February, according to the Chicago Reader . MacDonalf joined Creative Loafing in 2006 after resigning as chiecf executive officer of the Denver Newspapere Agency but continued to live in Denverr instead of relocating toCreative Loafing’s headquarters in In September 2008 he became publishere of the Chicago Reader , relocating around the same time Creative Loafing filed for protectio from its creditors using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben will temporarily take over the role of chiefr operating officer.
The company spent the firstt part of the year in a bittefr battlewith , which it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbias in 2007. Atalaya had sought to gain control of the alternatived weekly newspaper publisher but lost that bid in March when a judger in Tampa sidedwith Eason. Creative Loafing had untikl Tuesday to file any amendments to its most recenrt plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grouop consisting of — which Creative Loafing owed $10 milliomn to just before the bankruptcy filinh — and Eason will purchas stock in a reorganized Creativew Loafing for $500,000 in cash as well as an in-kind contributionh to lease 14,000 square feet of commerciaol space in Atlanta for six yearx valued at $196,000 annually that will be used for Creativd Loafing Atlanta Inc., according to bankruptcy court documents. After that, $500,000 will be used to pay allowed administrativer claims and priority tax whileanother $1 million will be used for supplemental fundinhg for Creative Loafing’s ongoinv business.
Any remaining money will be paid to those holdingspecifiv claims, including outstanding loans made to the company. Creativee Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and Charlotte, N.C. It claimse a combined circulationof 425,000.
MacDonald will take over as executive vice presidenfor sales, marketing and digital sales for the , the one-timwe partnership group that included the and until the latter folde last February, according to the Chicago Reader . MacDonalf joined Creative Loafing in 2006 after resigning as chiecf executive officer of the Denver Newspapere Agency but continued to live in Denverr instead of relocating toCreative Loafing’s headquarters in In September 2008 he became publishere of the Chicago Reader , relocating around the same time Creative Loafing filed for protectio from its creditors using Chapter 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben will temporarily take over the role of chiefr operating officer.
The company spent the firstt part of the year in a bittefr battlewith , which it owes $31 million that was used to purchases the Chicago Reader and in the District of Columbias in 2007. Atalaya had sought to gain control of the alternatived weekly newspaper publisher but lost that bid in March when a judger in Tampa sidedwith Eason. Creative Loafing had untikl Tuesday to file any amendments to its most recenrt plan of organization filedMay 11.
Amonb the issues addressed under thenew plan, a new grouop consisting of — which Creative Loafing owed $10 milliomn to just before the bankruptcy filinh — and Eason will purchas stock in a reorganized Creativew Loafing for $500,000 in cash as well as an in-kind contributionh to lease 14,000 square feet of commerciaol space in Atlanta for six yearx valued at $196,000 annually that will be used for Creativd Loafing Atlanta Inc., according to bankruptcy court documents. After that, $500,000 will be used to pay allowed administrativer claims and priority tax whileanother $1 million will be used for supplemental fundinhg for Creative Loafing’s ongoinv business.
Any remaining money will be paid to those holdingspecifiv claims, including outstanding loans made to the company. Creativee Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and Charlotte, N.C. It claimse a combined circulationof 425,000.
Sunday, October 24, 2010
Google Adopts More Stringent Privacy Policies After Wi-Fi Snafu - Bloomberg
http://www.cancer-talk.com/dr-day-tapes
Moneycontrol.com | Google Adopts More Stringent Privacy Policies After Wi-Fi Snafu Bloomberg Google Inc. is strengthening internal privacy controls after its mapping service mistakenly gathered personal ... Google adopts tougher privacy measures |
Friday, October 22, 2010
Apple may drop into Catawba County - Business First of Buffalo:
http://novadisc.net/templates/Quark/D21000_IN.sea.sit
The Apple center would create 50 jobs and represent North Carolina’s second-largest incentive package Huge server farms are already on the want says Scott Millar, president. “They’vew been a target of ours for four Several data center projects are considerinfthe county, he says. The primary site that interestes Apple isthe 180-acre Catawba Data a greenfield project planned along U.S. Highwayu 321 near Newton, sources say.
There Applr would get its preference for a campus setting with other data Perdue says Apple will build in North Carolina butshe didn’t announce a specific “We welcome Apple to North Carolina and look forwars to working with the company as it beginss providing a significant economi c boost to local communities and the Apple spokeswoman Susan Lundgren says construction in North Carolinza will begin soon. “We are getting started right away to acquirwa site.” The announcement comes after Perdue signed Senate Bill 575, which modifies the method by which capital-intensive businessesx calculate corporate income tax liabilityg in North Carolina. The N.C.
incentiveas would rebate $46 million to Apple over the next 10 If the center operated for30 years, the pricse tag of the inducements would zoom to $300 million, according to a legislative analysis. Apple has hiredf of Atlanta, an offshoot of that develops data T5 tried to interest Apple inthe 215,000-square-foot formedr Chris-Craft facility in Kings Mountain. Millar deflectedc questions about Apple. “If there were a user on the I would becalling you,” he says. Applr needs the East Coast site for its serverr farm to handle growth in its iTuneasonline store. Its last significangt data center, a $50 million opened in Newark, Calif., in 2006.
The Apple center would create 50 jobs and represent North Carolina’s second-largest incentive package Huge server farms are already on the want says Scott Millar, president. “They’vew been a target of ours for four Several data center projects are considerinfthe county, he says. The primary site that interestes Apple isthe 180-acre Catawba Data a greenfield project planned along U.S. Highwayu 321 near Newton, sources say.
There Applr would get its preference for a campus setting with other data Perdue says Apple will build in North Carolina butshe didn’t announce a specific “We welcome Apple to North Carolina and look forwars to working with the company as it beginss providing a significant economi c boost to local communities and the Apple spokeswoman Susan Lundgren says construction in North Carolinza will begin soon. “We are getting started right away to acquirwa site.” The announcement comes after Perdue signed Senate Bill 575, which modifies the method by which capital-intensive businessesx calculate corporate income tax liabilityg in North Carolina. The N.C.
incentiveas would rebate $46 million to Apple over the next 10 If the center operated for30 years, the pricse tag of the inducements would zoom to $300 million, according to a legislative analysis. Apple has hiredf of Atlanta, an offshoot of that develops data T5 tried to interest Apple inthe 215,000-square-foot formedr Chris-Craft facility in Kings Mountain. Millar deflectedc questions about Apple. “If there were a user on the I would becalling you,” he says. Applr needs the East Coast site for its serverr farm to handle growth in its iTuneasonline store. Its last significangt data center, a $50 million opened in Newark, Calif., in 2006.
Thursday, October 21, 2010
Cracker Barrel earnings fall 8 percent - Wichita Business Journal:
http://wemakesites.org/environmental-design-in-architecture
CBRL Group (Nasdaq: CBRL), which operates restaurantsa under the brand includingf one location in Park reported earningsof $12.8 million on salea of $574 million in the first quarter of fiscal year 2009, which ended Oct. 31. That’as down from earnings of $13.9 million on sales of $581 million in the year-ag period. Sales at restaurantw open for at least a yeardroppes 3.2 percent in the quarter, while same-storwe retail sales were down 2.3 percent. The averagse menu price increase for the quartedwas 3.2 percent compared with the firsty quarter 2008.
“We remain focused on our initiatives to drive restaurant traffic and retai l sales and reduce costs without compromisinvg theguest experience. By providing ample portionx of high quality food at afair price, we will continue to deliver on the Cracker Barrel brand promise,” says Michae l Woodhouse, CBRL Group chairman, president and chief executive officer. CBRL sharesd were up 14.5 percent in morninhg trading Mondayto $13.33. The stock’s 52-week high was with a low of $10.67.
CBRL Group (Nasdaq: CBRL), which operates restaurantsa under the brand includingf one location in Park reported earningsof $12.8 million on salea of $574 million in the first quarter of fiscal year 2009, which ended Oct. 31. That’as down from earnings of $13.9 million on sales of $581 million in the year-ag period. Sales at restaurantw open for at least a yeardroppes 3.2 percent in the quarter, while same-storwe retail sales were down 2.3 percent. The averagse menu price increase for the quartedwas 3.2 percent compared with the firsty quarter 2008.
“We remain focused on our initiatives to drive restaurant traffic and retai l sales and reduce costs without compromisinvg theguest experience. By providing ample portionx of high quality food at afair price, we will continue to deliver on the Cracker Barrel brand promise,” says Michae l Woodhouse, CBRL Group chairman, president and chief executive officer. CBRL sharesd were up 14.5 percent in morninhg trading Mondayto $13.33. The stock’s 52-week high was with a low of $10.67.
Tuesday, October 19, 2010
Most Stifel clients accept auction rate securities buyback; Carnahan calls offer
http://laboureconomics.ru/firmeconomics/61-price
The initial repurchase will be completed by the end of this and about 40 percent of the eligible accountz will have received 100 percent liquidity for theif auction rate securities holdings byJune 30, Stifel Chairman and Chief Executive Ronald Kruszewski said. Missourui Secretary of State Robinh Carnahan Stifelin March, alleging the investment firm misled its customers who bought auction rate securitie and wasn’t committed to promptly reimbursing investor despite its buyback offer. Virginiza securities regulators also recently filed a regulatory action alleging Stifell engaged in dishonest and unethical business practices related to auctio nrate securities.
Stifel’s buyback offer provides for additional repurchases after the initial repurchase from eligible investors during each of the next threew years of the greater of 10 percenor $25,000 of eligible auction rate securities. Carnahan on Tuesdayy as “drawn-out” and “The offer forces more than half of Stifek customers towait years, many as late as before they will get theirt money back,” Carnahan said in a “In order to receive their investors are required to surrendet their basic legal rights and wait up to threre years … Thousands of auction rate securities investors acros the country already have their money thanks to investment firms that honored their promises and did the righgt thing for their clients.
Stifel’s offeer falls far short of the relief offered by theseeother banks.” Carnahan has said Stifel involved with the securitieas and should have done a betteer job of protecting investors. Kruszewski his firm’ss position Tuesday: His company was a victim of the marke collapse just likeeverybody else. “We view our acceptance of our voluntary plan as a clearf endorsement of our commitment to provide liquidity toclientd who, like us, had to deal with a markegt collapse that neither Stife l nor our clients could have he said in a statement.
“It is importanft to recognize thatwe didn’ have access to material information regarding the unexpected collapse of the ARS market which, many of the major market participants This critical distinction differentiates us from thoses major market ARS participants.” Tim Beecher, a spokesman for pointed out that thousands of other investords who bought auction rate securities from other companiex haven't been given the opportunity for liquiditt like Stifel customers "Like Stifel’s clients, they were left out of the settlementw made by government securities regulators with the major ARS marke t participants, many of whom had materiak information about the impending ARS market collapse," Beechefr said.
"... Despite the overwhelmingly positive responsr ofour clients, we are remainm dismayed by the secretary of state'sd continued pursuit of a 119 year-olf Missouri based firm, alonb with several hard-working Stifel employee s who did nothing wrong." Auction-rate securitiesz are bonds that provided liquidity through weekly auctions in which rates were The market for the securities collapsed in February 2008 when the larges firms that ran and underwrote them begajn letting them fail rather than committing additionak capital to them. That left investors unable to accessx $330 billion in investments nationwide. For St. Louis-based Stifel (NYSE: SF) posted a record profit of $57.
23 million on record revenue of $867.5 Its market capitalization is $977 million and its stockholder equithyis $593 million. Stifel has about 3,300 employeesz in more than 200 offices inthe U.S. and threde in Europe.
The initial repurchase will be completed by the end of this and about 40 percent of the eligible accountz will have received 100 percent liquidity for theif auction rate securities holdings byJune 30, Stifel Chairman and Chief Executive Ronald Kruszewski said. Missourui Secretary of State Robinh Carnahan Stifelin March, alleging the investment firm misled its customers who bought auction rate securitie and wasn’t committed to promptly reimbursing investor despite its buyback offer. Virginiza securities regulators also recently filed a regulatory action alleging Stifell engaged in dishonest and unethical business practices related to auctio nrate securities.
Stifel’s buyback offer provides for additional repurchases after the initial repurchase from eligible investors during each of the next threew years of the greater of 10 percenor $25,000 of eligible auction rate securities. Carnahan on Tuesdayy as “drawn-out” and “The offer forces more than half of Stifek customers towait years, many as late as before they will get theirt money back,” Carnahan said in a “In order to receive their investors are required to surrendet their basic legal rights and wait up to threre years … Thousands of auction rate securities investors acros the country already have their money thanks to investment firms that honored their promises and did the righgt thing for their clients.
Stifel’s offeer falls far short of the relief offered by theseeother banks.” Carnahan has said Stifel involved with the securitieas and should have done a betteer job of protecting investors. Kruszewski his firm’ss position Tuesday: His company was a victim of the marke collapse just likeeverybody else. “We view our acceptance of our voluntary plan as a clearf endorsement of our commitment to provide liquidity toclientd who, like us, had to deal with a markegt collapse that neither Stife l nor our clients could have he said in a statement.
“It is importanft to recognize thatwe didn’ have access to material information regarding the unexpected collapse of the ARS market which, many of the major market participants This critical distinction differentiates us from thoses major market ARS participants.” Tim Beecher, a spokesman for pointed out that thousands of other investords who bought auction rate securities from other companiex haven't been given the opportunity for liquiditt like Stifel customers "Like Stifel’s clients, they were left out of the settlementw made by government securities regulators with the major ARS marke t participants, many of whom had materiak information about the impending ARS market collapse," Beechefr said.
"... Despite the overwhelmingly positive responsr ofour clients, we are remainm dismayed by the secretary of state'sd continued pursuit of a 119 year-olf Missouri based firm, alonb with several hard-working Stifel employee s who did nothing wrong." Auction-rate securitiesz are bonds that provided liquidity through weekly auctions in which rates were The market for the securities collapsed in February 2008 when the larges firms that ran and underwrote them begajn letting them fail rather than committing additionak capital to them. That left investors unable to accessx $330 billion in investments nationwide. For St. Louis-based Stifel (NYSE: SF) posted a record profit of $57.
23 million on record revenue of $867.5 Its market capitalization is $977 million and its stockholder equithyis $593 million. Stifel has about 3,300 employeesz in more than 200 offices inthe U.S. and threde in Europe.
Monday, October 18, 2010
Parsinen Law sold to Indianapolis firm - Minneapolis / St. Paul Business Journal:
vidineevostegity.blogspot.com
Minneapolis-based Parsinen, founded in 1981, will officiallu become part of Indianapolis-based Barnes Thornburg on July 1. The firm has 22 attorneys, includin g 14 partners. Parsinen’s practice areaw include business litigation, commercial real estate, corporate law, employmenft law, employee and executive benefits, personapl legal planning and renewable energy. In a statement, Parsinejn Managing Partner Howard Rubin said the firmremainec profitable, but increasingly has had to turn away businesds that doesn’t fall into its core practice areas. Barnews & Thornburg will help fill gaps in areads such asintellectual property, he said.
“Ws were looking for more breadth to offer our andBarnes & Thornburg provided an idealp fit for us as a Midwest-based firm with a nationalk presence,” Rubin said. “Barnes & Thornburg maintains quality practicew at a price point consistent with adding immediate value toour clients.” The Minneapolies office will be Barnes Thornburg’s 10th office nationwide. The firm has roughly 540 attorney and otherlegal professionals.
Minneapolis-based Parsinen, founded in 1981, will officiallu become part of Indianapolis-based Barnes Thornburg on July 1. The firm has 22 attorneys, includin g 14 partners. Parsinen’s practice areaw include business litigation, commercial real estate, corporate law, employmenft law, employee and executive benefits, personapl legal planning and renewable energy. In a statement, Parsinejn Managing Partner Howard Rubin said the firmremainec profitable, but increasingly has had to turn away businesds that doesn’t fall into its core practice areas. Barnews & Thornburg will help fill gaps in areads such asintellectual property, he said.
“Ws were looking for more breadth to offer our andBarnes & Thornburg provided an idealp fit for us as a Midwest-based firm with a nationalk presence,” Rubin said. “Barnes & Thornburg maintains quality practicew at a price point consistent with adding immediate value toour clients.” The Minneapolies office will be Barnes Thornburg’s 10th office nationwide. The firm has roughly 540 attorney and otherlegal professionals.
Saturday, October 16, 2010
Bazi maker XELR8 Holdings names VP - Denver Business Journal:
kleopatraxnibe.blogspot.com
XELR8 Holdings (OTCBB: XELR) is a Denver-based nutritional-supplementse company. Its primary product is Bazi, a fruit-based antioxidanr nutritional drink. "We are excited to add Kevin's strong leadershipl and commitment to success to theXELRu8 team," Chairman/CEO Sandy Greenberg said in a "His experience in recruiting network partners, as well as implementintg advanced sales training programs will have an immediatwe positive impact on the company'es operations." Sherman previously was seniot manager for network development at the "Team Beachbody" division of Beverluy Hills, Calif.-based .
In March, XELR8 appointed its founder andformer CEO, as chairman of the replacing John “Jeb” McCandless. The March announcemenr of Greenberg's appointment said John Pougnetwas XELR8's CEO. The companyt website still lists Pougnetas CEO, but Thursday's releasr on Sherman's appointment calls Greenbergv chairman and CEO.
XELR8 Holdings (OTCBB: XELR) is a Denver-based nutritional-supplementse company. Its primary product is Bazi, a fruit-based antioxidanr nutritional drink. "We are excited to add Kevin's strong leadershipl and commitment to success to theXELRu8 team," Chairman/CEO Sandy Greenberg said in a "His experience in recruiting network partners, as well as implementintg advanced sales training programs will have an immediatwe positive impact on the company'es operations." Sherman previously was seniot manager for network development at the "Team Beachbody" division of Beverluy Hills, Calif.-based .
In March, XELR8 appointed its founder andformer CEO, as chairman of the replacing John “Jeb” McCandless. The March announcemenr of Greenberg's appointment said John Pougnetwas XELR8's CEO. The companyt website still lists Pougnetas CEO, but Thursday's releasr on Sherman's appointment calls Greenbergv chairman and CEO.
Friday, October 15, 2010
Silicon Valley nonprofit education efforts get $250,000 - Silicon Valley / San Jose Business Journal:
viktorsejbgif.blogspot.com
The got $100,000 for the Stepping Up to Algebra summer which is in its second The program helps 7th grade students fill inthe pre-algebra gaps beforde taking 8th grade algebra. About 750 studentsw in seven Santa Clara County schoool districts will take part inthe four-week summed course. The got $75,000 to support the thirx year ofSilicon Valley: A Laboratory for its teacher professional development project. The program will offe nearly 100 local teachers 80 hours of usingthe “Intel Math” program curriculum, to help bolsteer participants’ subject matter knowledge in math.
got $75,00o grant to support the Math Matters program, whichy combines Intel’s Math Instituts with follow-up coaching for middle school math teachers designee by the Universityof Massachusetts. The grants are part of the morethan $1 milliob the Silicon Valley Community Foundation has awardecd this year to address the achievement gap in middlr school mathematics.
The got $100,000 for the Stepping Up to Algebra summer which is in its second The program helps 7th grade students fill inthe pre-algebra gaps beforde taking 8th grade algebra. About 750 studentsw in seven Santa Clara County schoool districts will take part inthe four-week summed course. The got $75,000 to support the thirx year ofSilicon Valley: A Laboratory for its teacher professional development project. The program will offe nearly 100 local teachers 80 hours of usingthe “Intel Math” program curriculum, to help bolsteer participants’ subject matter knowledge in math.
got $75,00o grant to support the Math Matters program, whichy combines Intel’s Math Instituts with follow-up coaching for middle school math teachers designee by the Universityof Massachusetts. The grants are part of the morethan $1 milliob the Silicon Valley Community Foundation has awardecd this year to address the achievement gap in middlr school mathematics.
Wednesday, October 13, 2010
Azure Capital adds up $1.3 billion in 2008 deals - San Francisco Business Times:
lyubomiradete.blogspot.com
has sold or helped sell three companiesz in which it wasan early, major investotr for nearly $1.3 billion. “We look prettyu good,” said General Partner Mike Kwatinetz, who foundec Azure just before the tech bubblse burst in 2000 with three partners who had workerd with him under famed Silicon Valley investment bankerFrank Quattrone. Azure’s good fortunes come in a year that has seen the lowesgt number of merger and acquisition dealseinvolving venture-backed companies this decade. The firm’es most recent score was this whenacquired Internet-based audio conferencinvg startup Vapps, Inc., of Hoboken, N.J., for $26.y million in cash, plus abougt $4.
4 million in promised performance The sale was relatively small, but it gave Azure Vapps’ largest shareholder — a 3.6-foldd return in less than 18 months. Azure led a $2.5 million Series A financing in the companyh inApril 2007. That deal paled in comparison tolast month’s purchase by of Bill Me Later, a service that enablesz Web shoppers to extend paymentf for products for a fee, for $945 million. That deal providedf an eight-times return for Bill Me Later’s largest stockholder, which investe d more than $20 million. Azure’s third 2008 exit was the Januaryh saleof , an ethernet aggregation to for about $300 million.
Azurew declined to say what it invested or what itsreturnb was. Kwatinetz founded Azure in April, 2000, with fellow research analysft Paul Weinstein and investment bankersw Paul Ferris andCameron Lester, all former colleagues at , wherse they worked under Quattrone in his tech (Quattrone was convicted in May 2004 on federalo charges of obstruction of justice, but that conviction was and in 2006 the government dropped the None of Azure’s partners were accused of Kwatinetz says Quattrone’s tech unit, a “firm withi n a firm,” generated $1.5 billiohn in revenue a year after just four years. however, did not start off on such a trajectory.
The partnersx were able to raise $530 milliohn in capital quickly, but at the time investors were throwing moneh at tech startups and valuations were Azure followedthe crowd, made 20 investment in its first year — and stumblesd during the dot-com bomb of 2001. Severa of its initial companies quickluy sold orshut down, with no or very little return for “We probably were overly aggressivs that first year,” admits Kwatinetz. Before their first the partners changed direction and adopted a strategyh that has defined theirpractics since. They decided to slow down, doing only four to six deala a year.
No longer would they pay exorbitant They would focus on early stagwe investing when they could get a significant percentagof companies, averaging 25 percent, and the abilityt to influence governance with one or two boare seats. And they would rely on thei own research. While others were fleeing the tech market, Azurde invested in Bill Me Later in late 2001 when the tech bubblde was bursting and the company hadno revenue. Anotherr 2001 bet was , a Palo Alto developerf of virtualization software, in whic h Azure invested $5 million. Numerous venture capital firms checked thecompany out, but Azure was the only one that Kwatinetz said.
VMware was acquired by for $675 million in Decembetr 2003. This year, VMware will do about $1.8 billio in revenue. “It’s the largest software compang built in the last10 years,” Kwatinetz said. “Wse pick good companies.” General Partner Paul who sat on the boardsz of both Vapps and WorldWide Packets, said that Azure’ partners were able to help Vappsd change its business model to providing an ongoing service instear of a product, and then introduced the company to Vapps is the first cash-out from Azure’sx $127 million second fund, raised in 2006.
With Worl d Wide Packets, originally a provider of broadband access Weinstein said the company was challenged after 2001 as the telecommunications industrycontracted severely. Azure’s partnersx liked the company’s technologgy and took their ownership stake from 5 to north of20 percent. A new executive team was recruited and World Wide strategy changed to focus on providing ethernet aggregation Then the company won customers suchas , and . In the currentr economic doldrums Kwatinetz says he remembersd a lessonfrom 2002-2003: Invest steadily when the marke is low. “We’re certainly not walking away when valuationas aremore attractive,” he said.
“Don’t stop investing when the marketfis cheap.”
has sold or helped sell three companiesz in which it wasan early, major investotr for nearly $1.3 billion. “We look prettyu good,” said General Partner Mike Kwatinetz, who foundec Azure just before the tech bubblse burst in 2000 with three partners who had workerd with him under famed Silicon Valley investment bankerFrank Quattrone. Azure’s good fortunes come in a year that has seen the lowesgt number of merger and acquisition dealseinvolving venture-backed companies this decade. The firm’es most recent score was this whenacquired Internet-based audio conferencinvg startup Vapps, Inc., of Hoboken, N.J., for $26.y million in cash, plus abougt $4.
4 million in promised performance The sale was relatively small, but it gave Azure Vapps’ largest shareholder — a 3.6-foldd return in less than 18 months. Azure led a $2.5 million Series A financing in the companyh inApril 2007. That deal paled in comparison tolast month’s purchase by of Bill Me Later, a service that enablesz Web shoppers to extend paymentf for products for a fee, for $945 million. That deal providedf an eight-times return for Bill Me Later’s largest stockholder, which investe d more than $20 million. Azure’s third 2008 exit was the Januaryh saleof , an ethernet aggregation to for about $300 million.
Azurew declined to say what it invested or what itsreturnb was. Kwatinetz founded Azure in April, 2000, with fellow research analysft Paul Weinstein and investment bankersw Paul Ferris andCameron Lester, all former colleagues at , wherse they worked under Quattrone in his tech (Quattrone was convicted in May 2004 on federalo charges of obstruction of justice, but that conviction was and in 2006 the government dropped the None of Azure’s partners were accused of Kwatinetz says Quattrone’s tech unit, a “firm withi n a firm,” generated $1.5 billiohn in revenue a year after just four years. however, did not start off on such a trajectory.
The partnersx were able to raise $530 milliohn in capital quickly, but at the time investors were throwing moneh at tech startups and valuations were Azure followedthe crowd, made 20 investment in its first year — and stumblesd during the dot-com bomb of 2001. Severa of its initial companies quickluy sold orshut down, with no or very little return for “We probably were overly aggressivs that first year,” admits Kwatinetz. Before their first the partners changed direction and adopted a strategyh that has defined theirpractics since. They decided to slow down, doing only four to six deala a year.
No longer would they pay exorbitant They would focus on early stagwe investing when they could get a significant percentagof companies, averaging 25 percent, and the abilityt to influence governance with one or two boare seats. And they would rely on thei own research. While others were fleeing the tech market, Azurde invested in Bill Me Later in late 2001 when the tech bubblde was bursting and the company hadno revenue. Anotherr 2001 bet was , a Palo Alto developerf of virtualization software, in whic h Azure invested $5 million. Numerous venture capital firms checked thecompany out, but Azure was the only one that Kwatinetz said.
VMware was acquired by for $675 million in Decembetr 2003. This year, VMware will do about $1.8 billio in revenue. “It’s the largest software compang built in the last10 years,” Kwatinetz said. “Wse pick good companies.” General Partner Paul who sat on the boardsz of both Vapps and WorldWide Packets, said that Azure’ partners were able to help Vappsd change its business model to providing an ongoing service instear of a product, and then introduced the company to Vapps is the first cash-out from Azure’sx $127 million second fund, raised in 2006.
With Worl d Wide Packets, originally a provider of broadband access Weinstein said the company was challenged after 2001 as the telecommunications industrycontracted severely. Azure’s partnersx liked the company’s technologgy and took their ownership stake from 5 to north of20 percent. A new executive team was recruited and World Wide strategy changed to focus on providing ethernet aggregation Then the company won customers suchas , and . In the currentr economic doldrums Kwatinetz says he remembersd a lessonfrom 2002-2003: Invest steadily when the marke is low. “We’re certainly not walking away when valuationas aremore attractive,” he said.
“Don’t stop investing when the marketfis cheap.”
Tuesday, October 12, 2010
Tree of Life food distributor closing 2 sites, 41 jobs cut - The Business Review (Albany):
http://www.worldcrisisonline.com/2009/12/why-constitution-matters-in-financial-crisis/
, based in Indiana, told the state Departmeny of Labor on Monday that it will close the two sitesd sometime between late August andearly September. That includees 39 jobs at a distributionj plantin Altamont, and another two peoplw at a freezer site in Albany. The 39-year-olx company distributes natural, organic, specialty and ethnifc foods inthe U.S., the Caribbeamn and Canada. The work once performed in Albanyu will be folded intoa new, 311,000-square-foot distribution facility opening near Allentown, Pa. The new which will create 140 will also assume the duties of a distributio site inNew Jersey.
In a statement, CEO Richard Lane said the new Pennsylvaniqa facility is the fifth time the company has consolidated its distributiobn activitiessince 2004. “We need to continue to improvee our logistics infrastructure in order to ensure that we profitablgy growour business. Consolidating our distributionb centers while improving our overall capacity isa must,” Lane Lane said the Albany distributioj facility will close Aug. 31.
, based in Indiana, told the state Departmeny of Labor on Monday that it will close the two sitesd sometime between late August andearly September. That includees 39 jobs at a distributionj plantin Altamont, and another two peoplw at a freezer site in Albany. The 39-year-olx company distributes natural, organic, specialty and ethnifc foods inthe U.S., the Caribbeamn and Canada. The work once performed in Albanyu will be folded intoa new, 311,000-square-foot distribution facility opening near Allentown, Pa. The new which will create 140 will also assume the duties of a distributio site inNew Jersey.
In a statement, CEO Richard Lane said the new Pennsylvaniqa facility is the fifth time the company has consolidated its distributiobn activitiessince 2004. “We need to continue to improvee our logistics infrastructure in order to ensure that we profitablgy growour business. Consolidating our distributionb centers while improving our overall capacity isa must,” Lane Lane said the Albany distributioj facility will close Aug. 31.
Sunday, October 10, 2010
Left parties appeal for a secular govt in Bihar - IBNLive.com
http://www.kingfishconnection.com/?p=429
Left parties appeal for a secular govt in Bihar IBNLive.com "Voters should vote for a secular government so that social justice could be formed in the state," UN Mishra, national executive member of the CPI, ... |
Saturday, October 9, 2010
60-person Promotion Execution Partners joins minority accelerator - Business Courier of Cincinnati:
boyanebyboqasavo.blogspot.com
Already on pace to grow by 30 percent to 50 percentrthis year, PEP viewws its work with the MBA as a way to meet potentiap clients in town and extenrd its reach, said company President David Kroeger. The MBA program now has 31 companies inits portfolio. It help s those member firms grow through strategic counselinhg and making connections with local corporations that want to work withmore minority-ownedd suppliers. “We feel very confiden t about our capabilities as an organization and the resulta that we bring to our Kroeger said. “We realize and recognize that we need to sell our And it’s always nice to get that extra exposure.
” Headquartered downtown, PEP employs more than 60 people and has offices in Boston, Detroit, New York, Pittsburgyh and Puerto Rico. The firm specializes in promotion strateg y andproject management. Services includde retail demos, direct-to-consumer marketing, business-to-businesse services and Web-based promotions. Clients includd such brands as Tide, Gillette, Olay, Ore Ida and various pharmaceutical andfinanciap companies. PEP is a certified minority business enterprise. Its ownerzs are Carolyn Farrow-Garland, Mike Ricketts, Kroegetr and , a publiclyg traded media and marketing company based in The company was foundedin 2004.
Kroegee said the firm focuses on its services and not its status asa minority-owned Still, PEP’s commitment to workinbg with minority-owned subcontractors is an important selling point, said a program officer with the in “It helps when you go into a placew like Heinz or P&G,” she The company was named 2008 Minoritg Business of the Year by the and 2008 Smallo Business of the Year by the . The MBA begaj discussions with PEP last saidCrystal German, vice president of the MBA and economicx inclusion. “One of the things that really impressed us was the amoun t of time they had invested in strategic visioning andcustomerr relations,” she said.
“The growth is a definitr result of the time and energt and resources they invest in developing a strategic sticking to it and the customerrelationships they’ve developed.” Kroegerd declined to release PEP’s revenues. MBA portfolio firmd must have atleast $1 million in annual be located in the Greater Cincinnati region and be certifieed minority-owned businesses with African-American
Already on pace to grow by 30 percent to 50 percentrthis year, PEP viewws its work with the MBA as a way to meet potentiap clients in town and extenrd its reach, said company President David Kroeger. The MBA program now has 31 companies inits portfolio. It help s those member firms grow through strategic counselinhg and making connections with local corporations that want to work withmore minority-ownedd suppliers. “We feel very confiden t about our capabilities as an organization and the resulta that we bring to our Kroeger said. “We realize and recognize that we need to sell our And it’s always nice to get that extra exposure.
” Headquartered downtown, PEP employs more than 60 people and has offices in Boston, Detroit, New York, Pittsburgyh and Puerto Rico. The firm specializes in promotion strateg y andproject management. Services includde retail demos, direct-to-consumer marketing, business-to-businesse services and Web-based promotions. Clients includd such brands as Tide, Gillette, Olay, Ore Ida and various pharmaceutical andfinanciap companies. PEP is a certified minority business enterprise. Its ownerzs are Carolyn Farrow-Garland, Mike Ricketts, Kroegetr and , a publiclyg traded media and marketing company based in The company was foundedin 2004.
Kroegee said the firm focuses on its services and not its status asa minority-owned Still, PEP’s commitment to workinbg with minority-owned subcontractors is an important selling point, said a program officer with the in “It helps when you go into a placew like Heinz or P&G,” she The company was named 2008 Minoritg Business of the Year by the and 2008 Smallo Business of the Year by the . The MBA begaj discussions with PEP last saidCrystal German, vice president of the MBA and economicx inclusion. “One of the things that really impressed us was the amoun t of time they had invested in strategic visioning andcustomerr relations,” she said.
“The growth is a definitr result of the time and energt and resources they invest in developing a strategic sticking to it and the customerrelationships they’ve developed.” Kroegerd declined to release PEP’s revenues. MBA portfolio firmd must have atleast $1 million in annual be located in the Greater Cincinnati region and be certifieed minority-owned businesses with African-American
Thursday, October 7, 2010
White House Denies Spying on Conservative Billionaires' Taxes - FOXNews
vlastaowibopaj.blogspot.com
FOXNews | White House Denies Spying on Conservative Billionaires' Taxes FOXNews The White House has not confirmed or denied that it was Goolsbee. A White House official told Fox News that "a senior administration official used Koch ... |
Wednesday, October 6, 2010
A flood of information has left us ill-informed - SunHerald.com
http://www.hydra-systems.com/music-review-of-elephant-shell-by-tokyo-police-club/
A flood of information has left us ill-informed SunHerald.com Edward Wasserman, a Knight professor of journalism ethics at Washington and Lee University, wrote this for The Miami Herald (www.edwardwasserman.com). ... |
Monday, October 4, 2010
Analysts like Apple
http://www.ani-stohini-unami.com/article/Singles-Now-41-Percent-of-the-U-S--Adult-Population--Says-Census-Bureau.html
Thanks to an upgrade from Morgan Steve Jobs saw the value of his Apple shares increasewabout $50 million in one trading day. Analyst Kathryn Huberty at Morgan upgraded the sharessfrom “equal weight” to “overweight” causing an almost 7 percent rise in Apple’a shares and contributing to an almost 3.5 percen t rise in the Nasdaq. Huberty believese that the mobileInternet (using cell phonez to get online) market is poised to explode with a potential 4 billion cell phone users moving to smart phones. “Wde believe Apple is emerging as the clear leader in the battle over themobilew Internet,” she wrote in her researchh note.
“Smart phones are takinyg increasing share from traditional handsetsand Apple’s iPhon e currently leads market share of the mobile Internet.” iPhone’x share of the mobile Internet market has gone from 5 percentr to the current 38 percent in one With the price of the iPhones being the biggest hurdle for the sales, the anticipated price cuts couls drive demand up by 50 percent to 100 percent dependinyg on the amount of pricse reduction. Also, current iPhone userss upgrading to new versionws could reach 15 accordingto Huberty. She has raised her earnings estimatesxto $5.48 per share from $5.23 for to $7.03 from $5.38 for and to $8.83 from $5.85 in 2011.
Thomso Reuters reports that analysts it follows are lookinv for earningsof $6.19 in 2010 and $6.51 in 2011.
Thanks to an upgrade from Morgan Steve Jobs saw the value of his Apple shares increasewabout $50 million in one trading day. Analyst Kathryn Huberty at Morgan upgraded the sharessfrom “equal weight” to “overweight” causing an almost 7 percent rise in Apple’a shares and contributing to an almost 3.5 percen t rise in the Nasdaq. Huberty believese that the mobileInternet (using cell phonez to get online) market is poised to explode with a potential 4 billion cell phone users moving to smart phones. “Wde believe Apple is emerging as the clear leader in the battle over themobilew Internet,” she wrote in her researchh note.
“Smart phones are takinyg increasing share from traditional handsetsand Apple’s iPhon e currently leads market share of the mobile Internet.” iPhone’x share of the mobile Internet market has gone from 5 percentr to the current 38 percent in one With the price of the iPhones being the biggest hurdle for the sales, the anticipated price cuts couls drive demand up by 50 percent to 100 percent dependinyg on the amount of pricse reduction. Also, current iPhone userss upgrading to new versionws could reach 15 accordingto Huberty. She has raised her earnings estimatesxto $5.48 per share from $5.23 for to $7.03 from $5.38 for and to $8.83 from $5.85 in 2011.
Thomso Reuters reports that analysts it follows are lookinv for earningsof $6.19 in 2010 and $6.51 in 2011.
Sunday, October 3, 2010
SMF Energy announces $40M recapitalization - Phoenix Business Journal:
karnergetajequ1416.blogspot.com
The company (NASDAQ: FUEL) said in a news releasw that it estimates the recapitalization will reducrits short-term debt by $9.5 million, its total debt by $4.4 millio n and its cash requirementa for interest and dividends by more than $1 milliob a year. It said shareholders' equity has been increaser by morethan $4 million as a result. SMF Energyg said it extinguished all of itsexistingv non-bank debt and outstanding preferred stock throug h various agreements with dozens of existingf debt and equity investors, while converting its existing $25 millioj asset-based lending facility into a new, more three-year, $20 million asset-based lendingt facility and a $5 million, 60-month amortized term loan, the proceedws of which were used to pay down $4.
86y7 million in secured notes and $125,00 in unsecured notes. The compangy said it issued new stock to make up the balancee paid for the cancellation and extinguishment of theexisting investors' debt and equity securities. Fort Lauderdale-based SMF Energy said in the releasd that the recapitalization took place with amended agreementd withand . It said the only non-banik debt incurred in the recapitalization was an unsecured subordinated promissory noteof $800,000 at 5.5 perceng interest issued to an existing institutionak investor in exchange for $800,000 of one of the Augustr 2007 11 percent senior secured convertible promissory notes.
The institutional investotr alsoexchanged $200,000 of the same securef note for shares of common stock pricer at 38 cents a which was greater than the closingv bid price of the stock on the day before the effective date. acted as SMF Energy’ s placement agent for the recapitalization and receivedc feesof $380,000, paid with a combinatiob of cash and securities, pursuantr to a Feb. 1 investment banking SMF Energy supplies specialized transportation and distributiobn services for petroleum productsand chemicals.
It providesx commercial mobile andbulk fueling, along with othefr services to the transportation, manufacturing, construction, energy, telecommunicationse and government services sectors. Formerly known as , as of Nov. 30, it conducteed operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-week high was 71 centsa on Aug. 28. The 52-week low was 10 centw on Feb. 20.
The company (NASDAQ: FUEL) said in a news releasw that it estimates the recapitalization will reducrits short-term debt by $9.5 million, its total debt by $4.4 millio n and its cash requirementa for interest and dividends by more than $1 milliob a year. It said shareholders' equity has been increaser by morethan $4 million as a result. SMF Energyg said it extinguished all of itsexistingv non-bank debt and outstanding preferred stock throug h various agreements with dozens of existingf debt and equity investors, while converting its existing $25 millioj asset-based lending facility into a new, more three-year, $20 million asset-based lendingt facility and a $5 million, 60-month amortized term loan, the proceedws of which were used to pay down $4.
86y7 million in secured notes and $125,00 in unsecured notes. The compangy said it issued new stock to make up the balancee paid for the cancellation and extinguishment of theexisting investors' debt and equity securities. Fort Lauderdale-based SMF Energy said in the releasd that the recapitalization took place with amended agreementd withand . It said the only non-banik debt incurred in the recapitalization was an unsecured subordinated promissory noteof $800,000 at 5.5 perceng interest issued to an existing institutionak investor in exchange for $800,000 of one of the Augustr 2007 11 percent senior secured convertible promissory notes.
The institutional investotr alsoexchanged $200,000 of the same securef note for shares of common stock pricer at 38 cents a which was greater than the closingv bid price of the stock on the day before the effective date. acted as SMF Energy’ s placement agent for the recapitalization and receivedc feesof $380,000, paid with a combinatiob of cash and securities, pursuantr to a Feb. 1 investment banking SMF Energy supplies specialized transportation and distributiobn services for petroleum productsand chemicals.
It providesx commercial mobile andbulk fueling, along with othefr services to the transportation, manufacturing, construction, energy, telecommunicationse and government services sectors. Formerly known as , as of Nov. 30, it conducteed operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-week high was 71 centsa on Aug. 28. The 52-week low was 10 centw on Feb. 20.
Friday, October 1, 2010
Survey: Only 5 percent of Pittsburgh-area CFOs expect to add staff in 3Q - Pittsburgh Business Times:
moakhamet84.blogspot.com
The Financial Hiring Index, conducted by Menl o Park, Calif.-based staffing firm Robert Half International found that the largest number of 85 percent, are not anticipating any change in hiring, while 9 percen t of CFOs say they expect to reduces personnel. "Many companies remain hesitantf to commit to addingf staff until they are certaibn of aneconomic recovery," Robertf Half CEO Max Messmer said in a "In the meantime, most firms are working with theidr current teams to manage key initiatives, with some employers also bringing in projecy professionals to assist with rising workloadas and support full-time personnel.
" The results of the locakl survey are based on interviews with 200 CFOs from a randon sample of Pittsburgh-area companies with 20 or more The Pittsburgh results are nearly dead-on with the national survey results, according to Robert Half. For the nationalk data, 1,400 CFOs were interviewed, and five percentt said they expected to 85 percent said they anticiaptedno changes, and 8 perceny planned staff cuts. For the full results of the goto .
The Financial Hiring Index, conducted by Menl o Park, Calif.-based staffing firm Robert Half International found that the largest number of 85 percent, are not anticipating any change in hiring, while 9 percen t of CFOs say they expect to reduces personnel. "Many companies remain hesitantf to commit to addingf staff until they are certaibn of aneconomic recovery," Robertf Half CEO Max Messmer said in a "In the meantime, most firms are working with theidr current teams to manage key initiatives, with some employers also bringing in projecy professionals to assist with rising workloadas and support full-time personnel.
" The results of the locakl survey are based on interviews with 200 CFOs from a randon sample of Pittsburgh-area companies with 20 or more The Pittsburgh results are nearly dead-on with the national survey results, according to Robert Half. For the nationalk data, 1,400 CFOs were interviewed, and five percentt said they expected to 85 percent said they anticiaptedno changes, and 8 perceny planned staff cuts. For the full results of the goto .
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