http://introvision.biz/news/13.html
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and serveas on several committees. He has been a directorf since 1975. “Bill is one of our longest servintg and mostdedicated directors,” Gurgovits said in a F.N.B. previously said it would appointg a new chairman to enable Gurgovits to focus on his corporatwe responsibilities and to conformto F.N.B.’s corporatee guidelines. Gurgovits, who has worked at F.N.B. for 48 had taken the chairman role in April 2008 when Roberf New was named CEO and president after anearly two-year search. New resigned 10 months later and Gurgovitsx stepped back in on an interimbasis initially.
He accepted the post fulltimew onJune 2. F.N.B. is basecd in Hermitage, north of Pittsburgh, and had assets of $8.5 billiom as of March 31.
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Deloitte joins BioBusiness Alliance on 2025 plan - Minneapolis / St. Paul Business Journal:
livejournal.com
Deloitte will work with St. Louis-parl based BioBusiness Alliance on the Destination2025 plan, whichj will create a "roadd map" to ensuring Minnesota remains competitive in the life scienceas industry, the organization said in a press Work on the 2025 plan is already The alliance expects to release a reporft on Minnesota's renewable energy market this summer. Plans to craft Destination 2025 were announcedd after the BioBusiness Alliance released the resulte of a2006 , which found that Minnesota was losinfg ground in life sciences compared to other states.
Destinatioh 2025 will examine several marketwwithin biobusiness, including medical technology, pharmaceuticals and Deloitte's participation will make the report better and "accelerate its said BioBusiness Alliance CEO Dale in a press statement.
Deloitte will work with St. Louis-parl based BioBusiness Alliance on the Destination2025 plan, whichj will create a "roadd map" to ensuring Minnesota remains competitive in the life scienceas industry, the organization said in a press Work on the 2025 plan is already The alliance expects to release a reporft on Minnesota's renewable energy market this summer. Plans to craft Destination 2025 were announcedd after the BioBusiness Alliance released the resulte of a2006 , which found that Minnesota was losinfg ground in life sciences compared to other states.
Destinatioh 2025 will examine several marketwwithin biobusiness, including medical technology, pharmaceuticals and Deloitte's participation will make the report better and "accelerate its said BioBusiness Alliance CEO Dale in a press statement.
Sunday, March 27, 2011
Mac Everett steps down as United Way CEO - Charlotte Business Journal:
tulusenoveb.blogspot.com
“The search committee is moving aheadd in its efforts to find anew president,” the memo according to United Way spokeswoman Dani Stone. The organization’zs management will report to Evansuntikl Everett’s position, which has been reclassified as president, is Evans said in an intervies with the Charlotte Business Journal last week that Unitex Way was likely to fill the position within 30 to 45 is leading the organization’s Everett could not be reached for Everett, a prominent civic volunteer and retiresd executive, replaced Gloria Pace King on an interij basis in September after she left the organizationh under a cloud of controversy over her pay and retirement benefits.
United Way hiref Everett for $20,000 per month, a tenur originally slated to endin January, but later extended through March. Since then, Everettf had worked on a volunteer Last month, King filed a defamation suit againsty Everett. That was the latest salvoo in a legal battle that began withher King’s suit cites commentse made by Everett about King after he becamw the United Way’s top executive as the basis for the She is seeking damages of more than to be determined by a King contends Everett made consistently damaging remarks about her. Everett is not named in another suit againsyt United Way board members relatedto King’d dismissal.
Everett is a formee chair of the United Way boar d but has not served on the boardsincw 2003. The United Way board forced King out of her role as CEO last summe r after months of questions abouther $2.1 million retiremen package. At the time, King was removed withoug cause and United Way agreed to paynearlg $300,000 annually in remaining salary obligation over the next two years. The agency later said King was firedrwith cause. In the United Way filed couryt documents stating a federal investigation is undefr way to lookinto King’es compensation package. At the same time, the nonprofit organizatiobn accused King of billing the Unitedx Way for personal expenses such as mealsand travel.
King is seekinb compensatory and punitive damages in a discrimination suit againstUnited Way. Through her attorney, Bill King has called the allegations over improperdexpenses unfounded. King assumed the top job at Unitedd Way in 1994 and went on to set a stringof fund-raisingy records at the agency during her tenure. During her last full year with the United Wayraised $45 million. It fell $15 milliob short of that figure during the 2008 hurt by media scrutinyover King’s messyh departure and the faltering economy.
“The search committee is moving aheadd in its efforts to find anew president,” the memo according to United Way spokeswoman Dani Stone. The organization’zs management will report to Evansuntikl Everett’s position, which has been reclassified as president, is Evans said in an intervies with the Charlotte Business Journal last week that Unitex Way was likely to fill the position within 30 to 45 is leading the organization’s Everett could not be reached for Everett, a prominent civic volunteer and retiresd executive, replaced Gloria Pace King on an interij basis in September after she left the organizationh under a cloud of controversy over her pay and retirement benefits.
United Way hiref Everett for $20,000 per month, a tenur originally slated to endin January, but later extended through March. Since then, Everettf had worked on a volunteer Last month, King filed a defamation suit againsty Everett. That was the latest salvoo in a legal battle that began withher King’s suit cites commentse made by Everett about King after he becamw the United Way’s top executive as the basis for the She is seeking damages of more than to be determined by a King contends Everett made consistently damaging remarks about her. Everett is not named in another suit againsyt United Way board members relatedto King’d dismissal.
Everett is a formee chair of the United Way boar d but has not served on the boardsincw 2003. The United Way board forced King out of her role as CEO last summe r after months of questions abouther $2.1 million retiremen package. At the time, King was removed withoug cause and United Way agreed to paynearlg $300,000 annually in remaining salary obligation over the next two years. The agency later said King was firedrwith cause. In the United Way filed couryt documents stating a federal investigation is undefr way to lookinto King’es compensation package. At the same time, the nonprofit organizatiobn accused King of billing the Unitedx Way for personal expenses such as mealsand travel.
King is seekinb compensatory and punitive damages in a discrimination suit againstUnited Way. Through her attorney, Bill King has called the allegations over improperdexpenses unfounded. King assumed the top job at Unitedd Way in 1994 and went on to set a stringof fund-raisingy records at the agency during her tenure. During her last full year with the United Wayraised $45 million. It fell $15 milliob short of that figure during the 2008 hurt by media scrutinyover King’s messyh departure and the faltering economy.
Friday, March 25, 2011
Sacramento-area home prices level out - Business First of Columbus:
andreychukuze.blogspot.com
The report shows prices rose or remained level comparer to April sales prices in all four counties in the metropolitab area between Apriland May. In Sacramento there was virtually no change in the numbeer ofhomes sold, going from 2,18e4 sales to 2,159. But the median sales pricer rosefrom $165,000 in April to $175,000 in May. The numberas include all types of fromexisting single-family homes, condos and new homes. The pric in Sacramento County bottomed out in March atabout $160,000. MDA DataQuick uses information on sales recorder incounty offices. In Placef County, the median price remained at abouy $295,500 for the 525 homes sold in the county.
Therd were price gains in Yolo goingfrom $242,000 to $276,000 and in El Dorado County, goin from $313,000 to $325,000. The mediam prices in these counties remain betweeh 12 and 22 percent lower than ayear ago.
The report shows prices rose or remained level comparer to April sales prices in all four counties in the metropolitab area between Apriland May. In Sacramento there was virtually no change in the numbeer ofhomes sold, going from 2,18e4 sales to 2,159. But the median sales pricer rosefrom $165,000 in April to $175,000 in May. The numberas include all types of fromexisting single-family homes, condos and new homes. The pric in Sacramento County bottomed out in March atabout $160,000. MDA DataQuick uses information on sales recorder incounty offices. In Placef County, the median price remained at abouy $295,500 for the 525 homes sold in the county.
Therd were price gains in Yolo goingfrom $242,000 to $276,000 and in El Dorado County, goin from $313,000 to $325,000. The mediam prices in these counties remain betweeh 12 and 22 percent lower than ayear ago.
Wednesday, March 23, 2011
T. Rowe Price launches large-cap mutual fund - Baltimore Business Journal:
Samsung AW1893L
The U.S. Large-Cap Core Fund will have between 50 and 75 stocks inits portfolio, the company said in a The portfolio will include both growth and valure stocks of companies with a markegt capitalization higher than the median marke t cap of the Russell 1000 Index. That figur was $3.1 billion as of Dec. 31, accordinv to the fund’s prospectus. Baltimore-based T. Rowe Pricr (NASDAQ: TROW) already manages $85 billion investedx in large-cap U.S. stocks, but this is the company’s firs large-cap core offering which includes stocksin fast-growingb companies and stocks of companies whose shares are felt to be wortgh more than they are sellinh for.
Jeff Rottinghaus, who was previously portfolil managerfor T. Rowe Price’s Global Technology will managethe fund. The which will be sold directlt to individuals or through brokersx has a minimum initial investmenrtof $2,500, or $1,000 for retiremeny plans or gifts to minors. The fund’sw first day of trading was Friday. Its net asset valu as of the close on Mondawas $10.09.
The U.S. Large-Cap Core Fund will have between 50 and 75 stocks inits portfolio, the company said in a The portfolio will include both growth and valure stocks of companies with a markegt capitalization higher than the median marke t cap of the Russell 1000 Index. That figur was $3.1 billion as of Dec. 31, accordinv to the fund’s prospectus. Baltimore-based T. Rowe Pricr (NASDAQ: TROW) already manages $85 billion investedx in large-cap U.S. stocks, but this is the company’s firs large-cap core offering which includes stocksin fast-growingb companies and stocks of companies whose shares are felt to be wortgh more than they are sellinh for.
Jeff Rottinghaus, who was previously portfolil managerfor T. Rowe Price’s Global Technology will managethe fund. The which will be sold directlt to individuals or through brokersx has a minimum initial investmenrtof $2,500, or $1,000 for retiremeny plans or gifts to minors. The fund’sw first day of trading was Friday. Its net asset valu as of the close on Mondawas $10.09.
Monday, March 21, 2011
BofA earns $2.4B for second quarter - South Florida Business Journal:
Fujitronic FH-797
Charlotte-based BofA beat many forecasts by postin total net incomeof $2.42 or 33 cents a share, in the Those results were down from $3.22 billion, or 72 cents a a year earlier. On average, analysts pollecd by Thomson Reuters had forecast BofA earnings at 28 centzsper share. The latest period is the second straigh t profitable quarter forBofA (NYSE:BAC) after its net loss of $2.4 or 48 cents a share, in the fourtj quarter of 2008.
“Having positivre net income in an extremely challenging environmenrt speaks to the diversity and strength of our businesds model as well as the extraordinary effortt put forth by all ofour associates,” BofA Chierf Executive Kenneth Lewis said in a prepared “Our goals during this difficult time have been to enhancs the strength of our balanced sheet and capital position and to continuew to improve our earning power while dealinv with the credit issues facing our industr y due to the In part, BofA can thank its controversial January acquisitionb of Merrill Lynch & Co. and the sale of a stake in two investments for itsstrongb performance.
In a conference call with investorFriday morning, BofA Chief Financial Officer Joe Pricd said the sale of part of the bank’w investment in resulted in a $5.3 billiobn gain in the second quarter. BofA still owns abouft an 11 percent stake in ChinaConstructiob Bank. BofA also benefited from sellin g its merchant processing unit to ajoint venture, resultinv in a $3.8 billiobn gain in the quarter. The company’s global banking, global markets and global wealthand investment-managementg segments, all bolstered by Merrill, produced a tota l of $4.1 billion in net That offset losses of more than $1.
6 billion in credit-carxd net losses and a $725 millionn net loss in the home-loans line of business. Net incomwe from BofA’s traditional retail deposit business droppedto $505 millionh from $1.2 billion in the secons quarter of 2008. Price blamedf part of the decline ona $760 milliom special assessment to the More than $14 billio n in pre-tax, pre-provision earningsd and $33 billion in total revenue in the second quarter showcases BofA’s earning power. But the bank still faced major hurdles. Credit quality continued to worsen in theseconf quarter.
“Difficult challenges lie ahead from continued weaknesas in theglobal economy, risinb unemployment and deteriorating credit quality that will affect our performancde for the rest of the year and into Lewis said during the conferencwe call. BofA charged off more than $8.7 billionj in bad loans in the quarter and setasided $13.3 billion in provisions for loan losses. Abou $30.9 billion of BofA’s loans (3.3 percent of its total loans) are considered nonperforming (past due and nearinv default.) On a bright note, Lewis and Pricer pointed to a small improvement in the numbedof early-stage delinquencies in the latest quarter.
But they acknowledgef some of that improvement couldbe seasonal, and they noterd rising unemployment will continue to threaten the performancw of consumer loans.
Charlotte-based BofA beat many forecasts by postin total net incomeof $2.42 or 33 cents a share, in the Those results were down from $3.22 billion, or 72 cents a a year earlier. On average, analysts pollecd by Thomson Reuters had forecast BofA earnings at 28 centzsper share. The latest period is the second straigh t profitable quarter forBofA (NYSE:BAC) after its net loss of $2.4 or 48 cents a share, in the fourtj quarter of 2008.
“Having positivre net income in an extremely challenging environmenrt speaks to the diversity and strength of our businesds model as well as the extraordinary effortt put forth by all ofour associates,” BofA Chierf Executive Kenneth Lewis said in a prepared “Our goals during this difficult time have been to enhancs the strength of our balanced sheet and capital position and to continuew to improve our earning power while dealinv with the credit issues facing our industr y due to the In part, BofA can thank its controversial January acquisitionb of Merrill Lynch & Co. and the sale of a stake in two investments for itsstrongb performance.
In a conference call with investorFriday morning, BofA Chief Financial Officer Joe Pricd said the sale of part of the bank’w investment in resulted in a $5.3 billiobn gain in the second quarter. BofA still owns abouft an 11 percent stake in ChinaConstructiob Bank. BofA also benefited from sellin g its merchant processing unit to ajoint venture, resultinv in a $3.8 billiobn gain in the quarter. The company’s global banking, global markets and global wealthand investment-managementg segments, all bolstered by Merrill, produced a tota l of $4.1 billion in net That offset losses of more than $1.
6 billion in credit-carxd net losses and a $725 millionn net loss in the home-loans line of business. Net incomwe from BofA’s traditional retail deposit business droppedto $505 millionh from $1.2 billion in the secons quarter of 2008. Price blamedf part of the decline ona $760 milliom special assessment to the More than $14 billio n in pre-tax, pre-provision earningsd and $33 billion in total revenue in the second quarter showcases BofA’s earning power. But the bank still faced major hurdles. Credit quality continued to worsen in theseconf quarter.
“Difficult challenges lie ahead from continued weaknesas in theglobal economy, risinb unemployment and deteriorating credit quality that will affect our performancde for the rest of the year and into Lewis said during the conferencwe call. BofA charged off more than $8.7 billionj in bad loans in the quarter and setasided $13.3 billion in provisions for loan losses. Abou $30.9 billion of BofA’s loans (3.3 percent of its total loans) are considered nonperforming (past due and nearinv default.) On a bright note, Lewis and Pricer pointed to a small improvement in the numbedof early-stage delinquencies in the latest quarter.
But they acknowledgef some of that improvement couldbe seasonal, and they noterd rising unemployment will continue to threaten the performancw of consumer loans.
Sunday, March 20, 2011
XM forges partnership with Southeastern Conference - Baltimore Business Journal:
Air Purifiers Richmond
D.C.-based XM will broadcast football, basketball and other sports fromthe SEC, startintg with the conference's men'sw basketball tournament being played in Atlanta from Marcb 8-11. XM (NASDAQ: XMSR) will featured coast-to-coast live broadcasts of the Universityof Arkansas, University of University of Kentucky, Mississippi State University, Universith of Mississippi and Universityy of Tennessee starting this year. The Universituy of South Carolina will join XM in the fall followed by the University of Florida in thefall 2009.
"Xn will have a group of channels dedicated tothe SEC, making it easy for fans to find games and special SEC says Eric Logan, XM's executive vice presidengt of programming, in a statement. For now, the deal doesn't include the University of Alabama or Auburbn University because the colleges already have agreementswith , XM spokesman Davi d Butler says. "We would love to have them on XM, but theirf rights are currently not Butler says.
XM and New York-based Siriux (NASDAQ: SIRI) said last montnh that they would combine to forma $13 billion
D.C.-based XM will broadcast football, basketball and other sports fromthe SEC, startintg with the conference's men'sw basketball tournament being played in Atlanta from Marcb 8-11. XM (NASDAQ: XMSR) will featured coast-to-coast live broadcasts of the Universityof Arkansas, University of University of Kentucky, Mississippi State University, Universith of Mississippi and Universityy of Tennessee starting this year. The Universituy of South Carolina will join XM in the fall followed by the University of Florida in thefall 2009.
"Xn will have a group of channels dedicated tothe SEC, making it easy for fans to find games and special SEC says Eric Logan, XM's executive vice presidengt of programming, in a statement. For now, the deal doesn't include the University of Alabama or Auburbn University because the colleges already have agreementswith , XM spokesman Davi d Butler says. "We would love to have them on XM, but theirf rights are currently not Butler says.
XM and New York-based Siriux (NASDAQ: SIRI) said last montnh that they would combine to forma $13 billion
Thursday, March 17, 2011
Bay Area names top stimulus priorities - San Francisco Business Times:
Air Purifiers Santa Rosa
Projects ranked among the highestt in the plan cover a wide ranged of proposalsincluding high-speed rail extending the BART line to San Jose and borinbg another roadway in the East Bay’s Caldecott Tunnel. Together, the highest-priority projects are seeking morethan $7 billion in stimulus The priority list also includes a new stem cell research facility at the in Marin County, energy efficiencu and solar retrofits of public and other buildingz in San Jose, San Francisco and Oakland; energy conversionz to LED streetlights; transit-oriented development projectws and workforce training and placement for laid-off “This plan is designexd to maximize our region’s share of federal stimulus fundint and other state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , whichg was charged with compiling the list.
The top 85 projectd were classifiedas “strategic” priorities for the Bay Another 72 projects were considered but given a slightly lower ranking because they did not have the scale or regionapl impact of the most highlg ranked suggestions. Those projects include thing like a desalination project in the Montara Water andSanitary District, building a clean technology demonstration manufacturing centerd in San Jose and outfittin g Burlingame city buildings with solar panels. The which can be found online at was the culmination ofa three-montbh vetting process. The report was sent to the .
That statre agency, which requested that other metropolitan regions aroune the state submitsimilar plans, will now take all those planes and help coordinate with citiesa and counties to lobby the federal governmeny on behalf of certaijn projects. “This is to get people on the same page to minimizre the food fight where you have parts of the state compete againstone another,” said Dale Bonner, head of the Californiq Business Transportation and Housing Agency. “What we’red doing is acting as a facilitator to help identifythe best” The list’s authors said they hopedd that ranking projects wouldr help the region get more stimulus money.
“Thew Bay Area is the only region in California that actually attemptefto prioritize,” Randolph said. “We think that’w important. We think that will make us more successful ingetting attention, in getting those resourcesx for those very high value Projects on the Economicx Institute’s wish list could be in for a big About $30 billion in federal stimulus money will be divvied up in Sacrament o before going to various regions around Another $20 billion is expected to be distributed directly in the state by federal officials on a discretionary basis.
The chance to get dollars from the federal stimulus program led to a flurry of Bay Area authorities sifted through almosgt570 suggestions. To make the cut, projectz were supposed to spur job have regional impact and align with state programwsand priorities, among other criteria. The Economicf Institute called upon local expert s in specific fields to judge proposals that fit at leasrt one ofseven categories: transportation, energy/climate, workforce training and education, businessx development, science and innovation or housing.
The vast majority of projectsw that made it to theEconomicx Institute’s short list were from government A range of companiesz sought federal stimulus, too, saying that their service woul d help boost the broader economy. For example, a Berkeley-based firm calledr Picture it Sold sought stimulusa money to franchiseits home-staging business. “We’re ready to move aheaf with thisplan immediately,” the company wrote in its “and we’ll help thousands of families and the wholer economy to recover.” The company’s idea did not make the Economic Institute’s highest priority cut.
But an appendis to the Economic Institute’s wish list includes ever y proposalit received.
Projects ranked among the highestt in the plan cover a wide ranged of proposalsincluding high-speed rail extending the BART line to San Jose and borinbg another roadway in the East Bay’s Caldecott Tunnel. Together, the highest-priority projects are seeking morethan $7 billion in stimulus The priority list also includes a new stem cell research facility at the in Marin County, energy efficiencu and solar retrofits of public and other buildingz in San Jose, San Francisco and Oakland; energy conversionz to LED streetlights; transit-oriented development projectws and workforce training and placement for laid-off “This plan is designexd to maximize our region’s share of federal stimulus fundint and other state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , whichg was charged with compiling the list.
The top 85 projectd were classifiedas “strategic” priorities for the Bay Another 72 projects were considered but given a slightly lower ranking because they did not have the scale or regionapl impact of the most highlg ranked suggestions. Those projects include thing like a desalination project in the Montara Water andSanitary District, building a clean technology demonstration manufacturing centerd in San Jose and outfittin g Burlingame city buildings with solar panels. The which can be found online at was the culmination ofa three-montbh vetting process. The report was sent to the .
That statre agency, which requested that other metropolitan regions aroune the state submitsimilar plans, will now take all those planes and help coordinate with citiesa and counties to lobby the federal governmeny on behalf of certaijn projects. “This is to get people on the same page to minimizre the food fight where you have parts of the state compete againstone another,” said Dale Bonner, head of the Californiq Business Transportation and Housing Agency. “What we’red doing is acting as a facilitator to help identifythe best” The list’s authors said they hopedd that ranking projects wouldr help the region get more stimulus money.
“Thew Bay Area is the only region in California that actually attemptefto prioritize,” Randolph said. “We think that’w important. We think that will make us more successful ingetting attention, in getting those resourcesx for those very high value Projects on the Economicx Institute’s wish list could be in for a big About $30 billion in federal stimulus money will be divvied up in Sacrament o before going to various regions around Another $20 billion is expected to be distributed directly in the state by federal officials on a discretionary basis.
The chance to get dollars from the federal stimulus program led to a flurry of Bay Area authorities sifted through almosgt570 suggestions. To make the cut, projectz were supposed to spur job have regional impact and align with state programwsand priorities, among other criteria. The Economicf Institute called upon local expert s in specific fields to judge proposals that fit at leasrt one ofseven categories: transportation, energy/climate, workforce training and education, businessx development, science and innovation or housing.
The vast majority of projectsw that made it to theEconomicx Institute’s short list were from government A range of companiesz sought federal stimulus, too, saying that their service woul d help boost the broader economy. For example, a Berkeley-based firm calledr Picture it Sold sought stimulusa money to franchiseits home-staging business. “We’re ready to move aheaf with thisplan immediately,” the company wrote in its “and we’ll help thousands of families and the wholer economy to recover.” The company’s idea did not make the Economic Institute’s highest priority cut.
But an appendis to the Economic Institute’s wish list includes ever y proposalit received.
Tuesday, March 15, 2011
Economists forecast modest rebound beginning in 3rd quarter - Wichita Business Journal:
LG LS181HSV
"The panel ... [predicts] positive, albeity modest, growth in the third followed by steadyimprovemeng thereafter," the NABE outlook report "On the whole, however, the economiv rebound lacks luster. Real GDP growth over the secondr half of 2009 is expected to averagea well-below-trendx 1.2 percent pace." The forecastersw surveyed said growth in 2010 "is slated for a return to near its historical with real GDP rising 2.7 percenf on a fourth-quarter-to-fourth quarter basis. ... [But] next year'as expected growth in GDP would be considerably more moderatr than the typical rebound following a steep decline.
" The economists said that labod conditions nationwide "are expected to deteriorate further, with but decreasing job losses through They predicted that the nation will have lost 4.5 millioj jobs by the end of driving the unemployment rate to 9.8 percent, but that the rate shoulcd ease to 9.3 percenr by the end of 2010. The "NABE Outlook" reporyt presents a consensus of macroeconomic expectations from a panelk of 45professional forecasters. The survey was taken Apr. 27-May 11. .
"The panel ... [predicts] positive, albeity modest, growth in the third followed by steadyimprovemeng thereafter," the NABE outlook report "On the whole, however, the economiv rebound lacks luster. Real GDP growth over the secondr half of 2009 is expected to averagea well-below-trendx 1.2 percent pace." The forecastersw surveyed said growth in 2010 "is slated for a return to near its historical with real GDP rising 2.7 percenf on a fourth-quarter-to-fourth quarter basis. ... [But] next year'as expected growth in GDP would be considerably more moderatr than the typical rebound following a steep decline.
" The economists said that labod conditions nationwide "are expected to deteriorate further, with but decreasing job losses through They predicted that the nation will have lost 4.5 millioj jobs by the end of driving the unemployment rate to 9.8 percent, but that the rate shoulcd ease to 9.3 percenr by the end of 2010. The "NABE Outlook" reporyt presents a consensus of macroeconomic expectations from a panelk of 45professional forecasters. The survey was taken Apr. 27-May 11. .
Saturday, March 12, 2011
Expanding firms can refinance loans through SBA
http://www.connexionme.com/anchor/14461/plate4/
The SBA began allowing small businessesz to use the 504 program to refinancd existing debt last implementing a provision in the economi cstimulus legislation. This new program could be a big boosrt for small businesses carrying a heavh debt load or facing a balloo n payment on a real estate but there’s a catch: The refinancinyg is available only to small businessesz that also want to borrow money to expandc their businesses. Only 5 percent of smallk business owners think now is a good time to according to a survey conducted in May bythe .
For thosw ready to take the leap, government-guaranteed 504 loans are availablr from nonprofit organizations knownn as certifieddevelopment companies, which partner with commercial In the Albany area, most 504 loans go through The prograkm provides fixed-rate financing to smal businesses for fixed assets such as buildings, land and Under the changes in the program, smalp businesses now can refinance existing debt related to fixeed assets if they also borrow money to financse more real estate or equipment. The amount of debt being refinanceed must be 50 percent or less of the totall cost ofthe expansion.
The debt beiny refinanced also must be collateralized by fixed and the terms and interest rate on the new loan must be bettedr than theexisting loan. Borrowers also must have been currenrt on their existing loan for the past 12 SBA Administrator Karen Mills said these permanent changexs to the 504 program will help small businesse s improve their cash flow by restructuring theitcurrent debt, and finance new facilities and equipment. “These are investmentw that are really critical to business growth and job Mills said. The credit crunc h has made it difficult for even strong companiea to obtain financingfor expansion, she said.
Chris Crawford, presideng and CEO of the , said the 504 loan changes will help smalp businesses take advantage of the good deals that currently are availablew in commercialreal estate. “It’ss going to enable a whole bunch of small businessexs that really do still want to expans go after realestate that’s priced very competitively,” said Crawford, whose association represents certifiex development companies. Businesses that aren’t in a position to expand coulcd be helped if Congress passes the Small Business Assistancr in DebtAct (H.R. 2527). That bill, whicgh recently was introducedby Rep. Betsy Markey (D-Colo.
), woulcd allow all small businesses—not just expanding ones—to refinancee commercial real estate loans through the 504 That would allow businessess to tap their equity intheir owner-occupiedx buildings, as well as get betterd loan terms. Markey said it also woulcd help banks reduce their risk s on realestate loans.
The SBA began allowing small businessesz to use the 504 program to refinancd existing debt last implementing a provision in the economi cstimulus legislation. This new program could be a big boosrt for small businesses carrying a heavh debt load or facing a balloo n payment on a real estate but there’s a catch: The refinancinyg is available only to small businessesz that also want to borrow money to expandc their businesses. Only 5 percent of smallk business owners think now is a good time to according to a survey conducted in May bythe .
For thosw ready to take the leap, government-guaranteed 504 loans are availablr from nonprofit organizations knownn as certifieddevelopment companies, which partner with commercial In the Albany area, most 504 loans go through The prograkm provides fixed-rate financing to smal businesses for fixed assets such as buildings, land and Under the changes in the program, smalp businesses now can refinance existing debt related to fixeed assets if they also borrow money to financse more real estate or equipment. The amount of debt being refinanceed must be 50 percent or less of the totall cost ofthe expansion.
The debt beiny refinanced also must be collateralized by fixed and the terms and interest rate on the new loan must be bettedr than theexisting loan. Borrowers also must have been currenrt on their existing loan for the past 12 SBA Administrator Karen Mills said these permanent changexs to the 504 program will help small businesse s improve their cash flow by restructuring theitcurrent debt, and finance new facilities and equipment. “These are investmentw that are really critical to business growth and job Mills said. The credit crunc h has made it difficult for even strong companiea to obtain financingfor expansion, she said.
Chris Crawford, presideng and CEO of the , said the 504 loan changes will help smalp businesses take advantage of the good deals that currently are availablew in commercialreal estate. “It’ss going to enable a whole bunch of small businessexs that really do still want to expans go after realestate that’s priced very competitively,” said Crawford, whose association represents certifiex development companies. Businesses that aren’t in a position to expand coulcd be helped if Congress passes the Small Business Assistancr in DebtAct (H.R. 2527). That bill, whicgh recently was introducedby Rep. Betsy Markey (D-Colo.
), woulcd allow all small businesses—not just expanding ones—to refinancee commercial real estate loans through the 504 That would allow businessess to tap their equity intheir owner-occupiedx buildings, as well as get betterd loan terms. Markey said it also woulcd help banks reduce their risk s on realestate loans.
Thursday, March 10, 2011
Texas isn't stealing California jobs, workers or wealth, UCLA study finds - Los Angeles Times
bentlyoupapa1810.blogspot.com
Los Angeles Times | Texas isn't stealing California jobs, workers or wealth, UCLA study finds Los Angeles Times Rick Perry, the Lone Star State isn't stealing California's jobs, workers or prosperity, according to a UCLA study. The study, part of UCLA's quarterly forecast Wednesday, tries to put the kibosh on a rivalry between the states. ... Anderson forecast says economy is improving slowly |
Monday, March 7, 2011
Baltimore Examiner to fold after failing to land buyer - Baltimore Business Journal:
http://komiks.dk/index.php?option=com_content&view=article&id=58&Itemid=63&lang=en
The last edition will hit newsstands Feb. 15. The Baltimore Examiner’s 90 employeews will be laid off, spokesman Jim Monaghan said. Its Denver publisher, , had been lookinh for a buyer forseveral months. The newspaper’s proximityu to the Washington Examiner, a sister publication, made it difficultg to garner enough revenue onits own, the companhy said in a statement. “Ir is not possible to maintain two majodr daily newspapers withina 50-mile distance and do justicse to both publications,” Clarity CEO Ryan McKibben said in a Clarity will invest in its online operations and in the Washingtob Examiner and .
Those newspapers are located in top 10consumedr markets, which make it easier to brin in national advertising buys, Monaghan With all eyes on the nation’sd capital with the election of Presidentf Barack Obama, Washington in particular is attracting nationa attention, he said. The Baltimor Examiner launched when the housing and retaikl industries were strong enough to suppor asecond newspaper. Newspaper officials said they were offering an alternativ e business model tothe . The free newspaper was deliveredto targeted, high-income neighborhoods. At that time, it boastex that its delivery to 250,000 households gave it a larger reacg than theBaltimore Sun.
But the newspaper stoppefd delivering daily last year and the economy has crippled housing and automotive firms that are stalwart daily newspaper TheBaltimore Examiner’s closure is the latesty sign of how the economy is crushing daily metropolitan newspapers. The news of the shutdow comes just two days afterf the parent company of the Capita l newspaper in Annapolis said it is slashin g 111 jobs in response to declininf advertising revenue and aweak economy. Last the parent company of the Baltimorer Sun filed Chapter11 bankruptcy. Nationally, the recession’a impact on newspapers is evidenyas well.
has put the Seattle Post-Intelligencee up for sale and has said it will shut down or go onlinee if it does not finda buyer. In April, the 100-year-olrd Christian Science Monitor will go entirely onlin and stop itsprint edition. The closure shocked one BaltimorreExaminer advertiser. In fact, when the gave the news to Alex general sales manager of in he thought it wasa joke. Nowak was supposesd to meet with his salees representative from the Examiner Thursda y morning when she canceled due toan “emergenchy meeting,” he said. “I liked their he said. “When I got it at home, I lovedf getting it.
” Nowak said he’lp probably take his advertising to Web siteslike Cars.conm and Autotrader.com. “I don’t see people readinfg newspapers to getcar deals,” he Print media is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton was less “Given what’s happened to advertisingt this year, it shouldn’t come as a Morton said of the shutdown. Operating a newspaper so close to Washington may have workeed out had it not been for the sour he said. “Going up against the recessioh probably made the whole thingb untenablefor them.
” Losing the newspaper will make it more difficultf for media buyers to negotiate good dealsz on behalf of their clients, said Micheled Selby, executive vice president of Ltd. in Owings Media Works bought ads in the newspaperd on behalf of clients andthe . But media buyers startee getting concerned aboutthe newspaper’s future last year when the Baltimorw Examiner said it would deliver only two days a week. Knowingv that your ads woulc reach upscale homes had beenthe paper’z competitive advantage. “That’s the sweet spot for Selby said.
The owner of Boheme Café, located in the Baltimore Examiner building’s lobby, said she was sad to hear the news abouty some of herloyal customers. “We’rs friendly with a lot of saidMartha Lucius, referring to Baltimore Examined employees. “It’s not going to be easy parting.” Clarituy is owned by Denver billionaire Philip the founder of telecommunicationsfirm , whosde business empire spans professional sports teams and movie theaters.
The last edition will hit newsstands Feb. 15. The Baltimore Examiner’s 90 employeews will be laid off, spokesman Jim Monaghan said. Its Denver publisher, , had been lookinh for a buyer forseveral months. The newspaper’s proximityu to the Washington Examiner, a sister publication, made it difficultg to garner enough revenue onits own, the companhy said in a statement. “Ir is not possible to maintain two majodr daily newspapers withina 50-mile distance and do justicse to both publications,” Clarity CEO Ryan McKibben said in a Clarity will invest in its online operations and in the Washingtob Examiner and .
Those newspapers are located in top 10consumedr markets, which make it easier to brin in national advertising buys, Monaghan With all eyes on the nation’sd capital with the election of Presidentf Barack Obama, Washington in particular is attracting nationa attention, he said. The Baltimor Examiner launched when the housing and retaikl industries were strong enough to suppor asecond newspaper. Newspaper officials said they were offering an alternativ e business model tothe . The free newspaper was deliveredto targeted, high-income neighborhoods. At that time, it boastex that its delivery to 250,000 households gave it a larger reacg than theBaltimore Sun.
But the newspaper stoppefd delivering daily last year and the economy has crippled housing and automotive firms that are stalwart daily newspaper TheBaltimore Examiner’s closure is the latesty sign of how the economy is crushing daily metropolitan newspapers. The news of the shutdow comes just two days afterf the parent company of the Capita l newspaper in Annapolis said it is slashin g 111 jobs in response to declininf advertising revenue and aweak economy. Last the parent company of the Baltimorer Sun filed Chapter11 bankruptcy. Nationally, the recession’a impact on newspapers is evidenyas well.
has put the Seattle Post-Intelligencee up for sale and has said it will shut down or go onlinee if it does not finda buyer. In April, the 100-year-olrd Christian Science Monitor will go entirely onlin and stop itsprint edition. The closure shocked one BaltimorreExaminer advertiser. In fact, when the gave the news to Alex general sales manager of in he thought it wasa joke. Nowak was supposesd to meet with his salees representative from the Examiner Thursda y morning when she canceled due toan “emergenchy meeting,” he said. “I liked their he said. “When I got it at home, I lovedf getting it.
” Nowak said he’lp probably take his advertising to Web siteslike Cars.conm and Autotrader.com. “I don’t see people readinfg newspapers to getcar deals,” he Print media is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton was less “Given what’s happened to advertisingt this year, it shouldn’t come as a Morton said of the shutdown. Operating a newspaper so close to Washington may have workeed out had it not been for the sour he said. “Going up against the recessioh probably made the whole thingb untenablefor them.
” Losing the newspaper will make it more difficultf for media buyers to negotiate good dealsz on behalf of their clients, said Micheled Selby, executive vice president of Ltd. in Owings Media Works bought ads in the newspaperd on behalf of clients andthe . But media buyers startee getting concerned aboutthe newspaper’s future last year when the Baltimorw Examiner said it would deliver only two days a week. Knowingv that your ads woulc reach upscale homes had beenthe paper’z competitive advantage. “That’s the sweet spot for Selby said.
The owner of Boheme Café, located in the Baltimore Examiner building’s lobby, said she was sad to hear the news abouty some of herloyal customers. “We’rs friendly with a lot of saidMartha Lucius, referring to Baltimore Examined employees. “It’s not going to be easy parting.” Clarituy is owned by Denver billionaire Philip the founder of telecommunicationsfirm , whosde business empire spans professional sports teams and movie theaters.
Saturday, March 5, 2011
New prime minister embraced by protesters in Egypt - Boston Globe
http://notizia.nu/tips-att-kvalificera-sig-for-en-dalig-kreditskuld-lan/laga-apr-kreditkort-5240.html
CBC.ca | New prime minister embraced by protesters in Egypt Boston Globe Essam Sharaf (left) won the affection of the masses yesterday during a dramatic appearance in Cairo's Tahrir Square. The newly appointed prime minister vowed to meet protesters' demands. (Khalil Hamra/ Associated Press) By Liz Sly and William Wan CAIRO ... In Egypt, crowd cheers newly appointed prime minister Essam Sharaf Egypt ex-interior minister faces criminal trial Egypt PM Undone by TV Debate |
Wednesday, March 2, 2011
Quick thinking makes new eatery a Humdinger, not a Bonehead - Memphis Business Journal:
goods-depreciating.blogspot.com
The partners, who operate as LLC, opened on Marcuh 30 at 6300 Poplar, Suite 101. Schlesinger, CEO of , and a veteran, initially planned to open up as a a fast-casual concept then owne d by Atlanta-based However, Raving Brands sold the forcing Schlesinger and Smith to change their While changing the concept quickly was a finding a new name was especially Smith and Schlesinger wanted to have a name that incorporatexd both seafood and chicken, the restaurant’s main menu but found that to be difficult.
They whittled a list of 40 namese by focusing on something different and Humdingersuses piri-piri chili peppers, grown in Soutu Africa, in its sauces and “Piri piri” is Swahili for “pepper pepper.” “Igt really sets us apart from other fish and chicken Smith says. Smith and Schlesinger plan to open up three of the fish and seafoor restaurants in the Memphismetro area. Laura president of , represented the tenant in the leasre negotiations whileJohn Walker, owner of LLC, and Dannyg Buring, local partner at LLC, representesd the landlord.
Peabody ad campaign has ducks, big bucka What does the Nortj American mallard and close to half a billion bucksx havein common? They are both vitaol components of Memphis-based ’s new ad campaignb for the massive expansion of The Peaboduy Orlando. The $450 million project is expected to lure more functionslike conferences, corporate meetings and exhibitions to the hotel. The group also wanted the campaign to expandsThe Peabody’s brand awareness, and the hote chain’s mallard symbol made things, well, “Who else can put a big picture of a duck in theifr ad and talk about investing closse to a half billionj dollars on expanding at the same says Tim Fisher, seniofr vice president and executive creative director for Fry Hammond the Orlando, Fla.
ad agencyg responsible for the “That’s own-able.” The nine-minute video shows new renderings of thecompleteed building, photographs of the new king guest roomsx and their state-of-the-art bathrooms, whichb feature mirrors with built-in televisions. The video is available on youtube.cokm and at www.orlandopeabody.com. Upon Peabody Orlando will be the 15thlargest non-gaming hotel in the U.S. It’s not quite UFC, and it isn’tg pay-per-view, but mixed martial arts is making its debut in the grandd lobby of onJune 20.
Local MMA promoterf is hostinga 12-fight card of locakl talent that could someday make the “major of the Las Vegas-based Ultimated Fighting Championship. Cage Assault was founded by Nick who has worked with former UFC lightweigh t champion and native Memphian Quinton Jackson forfive years. His goal is for his compangy tobe “the Triple A of UFC” in the Harmeier held his first event on April 24 at Minglewooe Hall in Midtown, but is looking for the larger profile of FedExForum for the next Harmeier says FedExForum and the , which were instrumentap in the legalization of MMA events in Tennessee, have been extremelu supportive of the company so far.
He’es anticipating 2,000 fans for the Harmeier says if the new event isa he’d like to have events at FedExForum evert six weeks. “(The April 24 event) was packed wall-to-walk and that was with Minglewood being new and MMA beingf new tothe area,” Harmeietr says. “We feel this next one will blow it out ofthe
The partners, who operate as LLC, opened on Marcuh 30 at 6300 Poplar, Suite 101. Schlesinger, CEO of , and a veteran, initially planned to open up as a a fast-casual concept then owne d by Atlanta-based However, Raving Brands sold the forcing Schlesinger and Smith to change their While changing the concept quickly was a finding a new name was especially Smith and Schlesinger wanted to have a name that incorporatexd both seafood and chicken, the restaurant’s main menu but found that to be difficult.
They whittled a list of 40 namese by focusing on something different and Humdingersuses piri-piri chili peppers, grown in Soutu Africa, in its sauces and “Piri piri” is Swahili for “pepper pepper.” “Igt really sets us apart from other fish and chicken Smith says. Smith and Schlesinger plan to open up three of the fish and seafoor restaurants in the Memphismetro area. Laura president of , represented the tenant in the leasre negotiations whileJohn Walker, owner of LLC, and Dannyg Buring, local partner at LLC, representesd the landlord.
Peabody ad campaign has ducks, big bucka What does the Nortj American mallard and close to half a billion bucksx havein common? They are both vitaol components of Memphis-based ’s new ad campaignb for the massive expansion of The Peaboduy Orlando. The $450 million project is expected to lure more functionslike conferences, corporate meetings and exhibitions to the hotel. The group also wanted the campaign to expandsThe Peabody’s brand awareness, and the hote chain’s mallard symbol made things, well, “Who else can put a big picture of a duck in theifr ad and talk about investing closse to a half billionj dollars on expanding at the same says Tim Fisher, seniofr vice president and executive creative director for Fry Hammond the Orlando, Fla.
ad agencyg responsible for the “That’s own-able.” The nine-minute video shows new renderings of thecompleteed building, photographs of the new king guest roomsx and their state-of-the-art bathrooms, whichb feature mirrors with built-in televisions. The video is available on youtube.cokm and at www.orlandopeabody.com. Upon Peabody Orlando will be the 15thlargest non-gaming hotel in the U.S. It’s not quite UFC, and it isn’tg pay-per-view, but mixed martial arts is making its debut in the grandd lobby of onJune 20.
Local MMA promoterf is hostinga 12-fight card of locakl talent that could someday make the “major of the Las Vegas-based Ultimated Fighting Championship. Cage Assault was founded by Nick who has worked with former UFC lightweigh t champion and native Memphian Quinton Jackson forfive years. His goal is for his compangy tobe “the Triple A of UFC” in the Harmeier held his first event on April 24 at Minglewooe Hall in Midtown, but is looking for the larger profile of FedExForum for the next Harmeier says FedExForum and the , which were instrumentap in the legalization of MMA events in Tennessee, have been extremelu supportive of the company so far.
He’es anticipating 2,000 fans for the Harmeier says if the new event isa he’d like to have events at FedExForum evert six weeks. “(The April 24 event) was packed wall-to-walk and that was with Minglewood being new and MMA beingf new tothe area,” Harmeietr says. “We feel this next one will blow it out ofthe
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