hustbelogehy1857.blogspot.com
Based in Jasper, Ind., the company is said to be the largesty remanufacturer of engines and components inthe country. is constructing a 10,000-square-foo facility for the company that will employg up to12 people. Jasper did not return phonse calls by press The company has not released its capital investment figurez for theAlabaster location. A building permit was issued to Sherrodefor $725,000 to build the facility on Airviewa Lane. The park is north of the Shelbhy County Airport and west ofInterstate 65.
The 320-acre Shelby West Corporate Park is currently home to other largee companies that are able to take advantage of the interstater access and close proximity to three ofthe state's automobiles manufacturers - , and Other companiese in the park include: AGC Automotivse Americas, of Alabama, Ditch Witch of Armstrong Relocation, National Scouting Report and A 250,000-square-foog speculative building, which was builtt by , also operatezs there and currently is half leased. Of the 320 acres in the Shelby County-owned industrialk park, 215 are still available, said James Dedes, executive directort of the Shelby County Economic and IndustriaoDevelopment Authority.
"A new Jasper Engines Transmissions distribution facility at Shelbt West Corporate Park will benefit from very good accesse toInterstate 65," Dedes said. "This project will create new jobs in Shelbty County and increase the cluster of distribution companies atExit 234, which will attract more businesses to this Dedes said the county's economic development authority has been workinv for several years for this projecrt to come to fruition. Accordiny to its Web site, Jasper Enginess was founded in 1942 by the ownerd of a Ford dealershipin Jasper, Ind.
Annually, the company producea 75,000 gas engines, 65,000 5,500 diesel engines, 5,000 differentials and rear axle assembliesaand 1,200 stern drives. Remanufacturing is conducted ina 367,000-square-foort facility in Jasper and in a same-sized facilityt in Crawford County, about 40 miles from each The company employs 1,90p associates and distributes products from 36 branch and distributionm locations across the country. The company also is involvec in racing and supplied the transmissions and differentialss for the 2007 season to two cars in the Cup Seriews and one in theBusch Series. Througbh its partnership with , engines were built for all threr teams by Penske Jasper Enginesin N.C.
Friday, December 31, 2010
Wednesday, December 29, 2010
New Resource Bank gets cease-and-desist order from regulators - Kansas City Business Journal:
moakhamet84.blogspot.com
The $166 million San Francisco bank gota cease-and-desist ordedr from the and the California Department of Financial Institutiona on May 29. The bank was orderesd to pay particular attention to its lendin polices relating to construction loans as well as loans made to bank The bank said the orded was based onthe bank’s condition on 30, and that it has already made some progresas on meeting the regulators “New Resource Bank currently has high levels of capitall and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challenginv economic climate that resulted in under-performing loans in the real estate constructioj and development sector.
“We are workinh with borrowers to reduceour problem-loanm exposure and have made significant progress,” Siciliani said. The bank raised almos t $15 million in a stockk offeringlast September. As of March 31, the bank said its risk-baser capital ratio was 18.97 percenyt -- almost double the 10 percent benchmark of a bank consideredwell capitalized. In addition to bringint on Sicilianoas CEO, the bank also hirex Bill Peterson as chief credit officer and Charmaine Detweilee as chief financial officer. The bank’s board also recentl y elected Mark Finseras chairman. He has 25 yeare of experience insocial finance.
New Resource Bank, now servingv 2,000 clients, opened in October 2006 to promote greenj businessesand practices.
The $166 million San Francisco bank gota cease-and-desist ordedr from the and the California Department of Financial Institutiona on May 29. The bank was orderesd to pay particular attention to its lendin polices relating to construction loans as well as loans made to bank The bank said the orded was based onthe bank’s condition on 30, and that it has already made some progresas on meeting the regulators “New Resource Bank currently has high levels of capitall and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challenginv economic climate that resulted in under-performing loans in the real estate constructioj and development sector.
“We are workinh with borrowers to reduceour problem-loanm exposure and have made significant progress,” Siciliani said. The bank raised almos t $15 million in a stockk offeringlast September. As of March 31, the bank said its risk-baser capital ratio was 18.97 percenyt -- almost double the 10 percent benchmark of a bank consideredwell capitalized. In addition to bringint on Sicilianoas CEO, the bank also hirex Bill Peterson as chief credit officer and Charmaine Detweilee as chief financial officer. The bank’s board also recentl y elected Mark Finseras chairman. He has 25 yeare of experience insocial finance.
New Resource Bank, now servingv 2,000 clients, opened in October 2006 to promote greenj businessesand practices.
Sunday, December 26, 2010
The Macho Rhino Bowl Selections (December 26-28) - Bleacher Report
basah-hsci.blogspot.com
Wilkes Barre Times-Leader | The Macho Rhino Bowl Selections (December 26-28) Bleacher Report I rebounded after a poor start to the bowl season to get my record to 4-3, and I'm ready to make a charge through bowl week now with a string of winners. ... Air Force vs Georgia Tech 2010 Independence Bowl Picks |
Friday, December 24, 2010
Space heater may have sparked fatal Frankfort fire - WDRB
http://www.best-dating-tips.com/interviews/lori-benson.html
Space heater may have sparked fatal Frankfort fire WDRB It happened at this home on Forrest Street. A man living on one side of the duplex was able to escape the flames after hearing smoke detectors go off. ... Woman dies in Frankfort duplex fire |
Tuesday, December 21, 2010
Ivy Tech schedules hearing on tuition - San Francisco Business Times:
http://www.laptops-computers.us//Targus-TCM004US-Messenger-15-4-Notebook--iB000B63KSM.html
in the fourth floor auditorium of the Nortj Meridian Center atIvy Tech’s downtown Indianapolisd campus. The campus is located 50 W. Fall Creej Parkway North Drive. The 2008-09 in-state student tuition rate is $95 per credit hour with a $40 per-semesterr technology fee. The proposed rates are $99.65 per creditf hour with a $50 per-semestere technology fee for the 2009-10 year and $104.55 per creditf hour and $60 per-semestefr technology fee for the 2010-11 year. The cost for full-timew students, who take 15 credit hours, woulds increase by $79.75 per semester in 2009-109 and by $83.50 in 2010-11.
Indiana residents who want to addresw the committeebut can’f are encouraged to send written comments to Bob vice president for finance and treasurere of the college, at bholmes@ivytech.edu or mailedd to him at the Ivy Tech Communit College, 50 W. Fall Creek Parkway North Indianapolis, Ind., 46208. Ivy Tech, the state’s community collegee system, operates 23 campuses in Indiana, including a Southern Indiana campusin Sellersburg.
in the fourth floor auditorium of the Nortj Meridian Center atIvy Tech’s downtown Indianapolisd campus. The campus is located 50 W. Fall Creej Parkway North Drive. The 2008-09 in-state student tuition rate is $95 per credit hour with a $40 per-semesterr technology fee. The proposed rates are $99.65 per creditf hour with a $50 per-semestere technology fee for the 2009-10 year and $104.55 per creditf hour and $60 per-semestefr technology fee for the 2010-11 year. The cost for full-timew students, who take 15 credit hours, woulds increase by $79.75 per semester in 2009-109 and by $83.50 in 2010-11.
Indiana residents who want to addresw the committeebut can’f are encouraged to send written comments to Bob vice president for finance and treasurere of the college, at bholmes@ivytech.edu or mailedd to him at the Ivy Tech Communit College, 50 W. Fall Creek Parkway North Indianapolis, Ind., 46208. Ivy Tech, the state’s community collegee system, operates 23 campuses in Indiana, including a Southern Indiana campusin Sellersburg.
Sunday, December 19, 2010
Jury awards Centocor $1.7B in patent case against Abbott - Business First of Columbus:
grihanovveimavox.blogspot.com
An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makes the blockbuster rheumatoid arthritistreatment Remicade, and had sued Abbotty over Abbott’s arthritis drug, Humira. Both are so-called anti-TNrF arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusivwe licensee of the whichis co-owned by . Centocore President Kim Taylorsaid “the jury recognizecd our valuable intellectual property, finding our patent both valid and infringed.
We will continude to assert intellectual propert rights for our immunology as they offer significant advances in treatment for patientd with a number of immune mediatedinflammatoryu diseases.” Abbott spokesman Scott E. Stoffel “We are disappointed in this and we are confident in the merits of our case and that we will prevaikon appeal. “The evidence clearly established that Humira was the first ofits kind, fully-human anti-TNF antibody medicine,” Stoffel “JNJ’s anti-TNF antibody medication, Remicade, is partiallyh made from mouse DNA. JNJ did not launch a fully-human producft until April 2009.
In only when Humira was nearing its approval in 2002 did JNJ amende the patent at issue in this litigationh to claim that it haddiscovered fully-human antibodies in 1994. JNJ acknowledgedd at trial that it did not start workingv ona fully-human antibody until 1997 — two years afteer Abbott discovered Humira and one year after Abbott filed its patent applications for Humira.”
An Abbott spokesman said the companywill appeal. Pa.-based Centocor, a division of (NYSE:JNJ), makes the blockbuster rheumatoid arthritistreatment Remicade, and had sued Abbotty over Abbott’s arthritis drug, Humira. Both are so-called anti-TNrF arthritis treatments. Horsham, Pa.-based Centocor said it is the exclusivwe licensee of the whichis co-owned by . Centocore President Kim Taylorsaid “the jury recognizecd our valuable intellectual property, finding our patent both valid and infringed.
We will continude to assert intellectual propert rights for our immunology as they offer significant advances in treatment for patientd with a number of immune mediatedinflammatoryu diseases.” Abbott spokesman Scott E. Stoffel “We are disappointed in this and we are confident in the merits of our case and that we will prevaikon appeal. “The evidence clearly established that Humira was the first ofits kind, fully-human anti-TNF antibody medicine,” Stoffel “JNJ’s anti-TNF antibody medication, Remicade, is partiallyh made from mouse DNA. JNJ did not launch a fully-human producft until April 2009.
In only when Humira was nearing its approval in 2002 did JNJ amende the patent at issue in this litigationh to claim that it haddiscovered fully-human antibodies in 1994. JNJ acknowledgedd at trial that it did not start workingv ona fully-human antibody until 1997 — two years afteer Abbott discovered Humira and one year after Abbott filed its patent applications for Humira.”
Thursday, December 16, 2010
Gateway to sell professional business unit to MPC Corp. - Silicon Valley / San Jose Business Journal:
karnergetajequ1416.blogspot.com
MPC will also acquire the partof Gateway's Consumef Direct unit that targets businesses with less than 100 according to a Gateway will receive a 19.9 percent equity stakw in MPC Corp. (AMEX: MPZ) when the deal and and MPC will take responsibility for all operationes andwarranty support, estimated at abour $60 million, associated with the Gateway unit, according to a The deal is expected to close early in the fourtb quarter. The deal includes Gateway's Nashville,Tenn.-based configurationn center, the company said in a release.
Gateway will also investg about $10 million in MPC in the form of a note of issuanc tied to excess inventory at the Nashville according to a A majorityof Gateway's professional business segment employees will join MPC and continuwe to work out of the unit'x North Sioux City, S.D. The unit targets businesses, government ageniceas and educational institutions. It generated $75 million in grosxs margin dollars in the last four according toa release. Gatewayu agreed to for about $710 Irvine-based Gateway (NYSE: GTW) is the third largest PC company inthe U.S.
MPC will also acquire the partof Gateway's Consumef Direct unit that targets businesses with less than 100 according to a Gateway will receive a 19.9 percent equity stakw in MPC Corp. (AMEX: MPZ) when the deal and and MPC will take responsibility for all operationes andwarranty support, estimated at abour $60 million, associated with the Gateway unit, according to a The deal is expected to close early in the fourtb quarter. The deal includes Gateway's Nashville,Tenn.-based configurationn center, the company said in a release.
Gateway will also investg about $10 million in MPC in the form of a note of issuanc tied to excess inventory at the Nashville according to a A majorityof Gateway's professional business segment employees will join MPC and continuwe to work out of the unit'x North Sioux City, S.D. The unit targets businesses, government ageniceas and educational institutions. It generated $75 million in grosxs margin dollars in the last four according toa release. Gatewayu agreed to for about $710 Irvine-based Gateway (NYSE: GTW) is the third largest PC company inthe U.S.
Tuesday, December 14, 2010
Family medical costs up 7% this year - The Business Journal of Milwaukee:
stony-coating.blogspot.com
Of that cost, 59 percent will be paid for by the while the employee contributionb will make up24 percent, or $4,004 of the totakl cost. Out-of-pocket costs to the employee will make up the remainingg17 percent, or $2,820, accordin g to the fifth annual Medical The index looks at key componentse of actual medical spending and chartw the changes over including cost changes for employeras and employees.
This year’s index specifically looked at 14 majorf metropolitan areas to illustrate how widely medicao costs can vary by Milwaukee was not included inthe roundup, Brookfield-based Milliman is working on a detailed study that will compare health care costs in Milwauked compared with other Midwest said Greg Herrle, a consulting actuary with the That study is expected to be released in late The information regarding health care costs have broaxd implications this year as the country embarks on reforming the healthn care system, said Lorraine spokeswoman for Milliman. The current economic environment has significant implications for healtbcare costs, Mayne said.
Employers’ lost consumer insecurity, and provider revenue pressures affect healthcare utilization, chargezs for health care services, and who pays for the health The most recent Milliman report shows Miami is the firsr city in history to surpass $20,000 in average healtb care costs for a family of four. New York and Chicagl also cost 10 percentg more than the national averageof $16,771 for health care costxs with families of four paying $19,684 and $19,008, Some of the lowest health care costs for families can be foundr in Phoenix, Denver, Atlanta and the study found.
Of that cost, 59 percent will be paid for by the while the employee contributionb will make up24 percent, or $4,004 of the totakl cost. Out-of-pocket costs to the employee will make up the remainingg17 percent, or $2,820, accordin g to the fifth annual Medical The index looks at key componentse of actual medical spending and chartw the changes over including cost changes for employeras and employees.
This year’s index specifically looked at 14 majorf metropolitan areas to illustrate how widely medicao costs can vary by Milwaukee was not included inthe roundup, Brookfield-based Milliman is working on a detailed study that will compare health care costs in Milwauked compared with other Midwest said Greg Herrle, a consulting actuary with the That study is expected to be released in late The information regarding health care costs have broaxd implications this year as the country embarks on reforming the healthn care system, said Lorraine spokeswoman for Milliman. The current economic environment has significant implications for healtbcare costs, Mayne said.
Employers’ lost consumer insecurity, and provider revenue pressures affect healthcare utilization, chargezs for health care services, and who pays for the health The most recent Milliman report shows Miami is the firsr city in history to surpass $20,000 in average healtb care costs for a family of four. New York and Chicagl also cost 10 percentg more than the national averageof $16,771 for health care costxs with families of four paying $19,684 and $19,008, Some of the lowest health care costs for families can be foundr in Phoenix, Denver, Atlanta and the study found.
Saturday, December 11, 2010
Dalcon Receives Unified Communications Magazine's Product of the Year Award
ethelbertdiya3334.blogspot.com
May 28 /PRNewswire/ -- Dalcon Communications Inc. announced today that Unified Communications Magazinw has named the Dalco nCommunications Manager-Health Care Edition as a recipient of its 2008 Producrt of the Year "Dalcon has proven they are committed to quality and excellences while addressing real needs in the Unified Communications is pleased to grant a 2008 Producyt of the Year Award to their DCM-Healthcare Edition, said , TMC President and Editor-in-Chief of Unified Communications "We're proud to honod their hard work and accomplishments and look forward to more innovativee solutions from Dalcon in the future.
" "We'rer pleased to be honored by this leadint publication in the communications We have recognized the need for fully integratecd communications within hospitals and our DCM-Healthcare Editio represents the state-of-the-art in this regard," said , Dalcon'sa CEO. "Now hospitals can take full advantage of VoIP throug h the use of afullyh integrated, open-standards-based communications system." Utilizinb software running on standard PC servers, and standardr IP and analog phones, the powerful DCM 2.
0 system not only supportzs functions such as Direct Inward Dial Interactive Voice Response, and find-me/follow me to cell phones, it also supportws powerful, integrated functions -- Electronic Faxing - eliminate the phone paper, and toner of fax machines while automaticalluy producing electronic documents for electronicc medical records systems. -- Nurse WiFi - thess critically important staff members and otherxs can now be reachedc as easily as if they were sittinvg at their personalextensionh phone. -- Patient Nurse Call Integration - Existiny nurse call systems can now be integrated with hospital fixed and wireless phone systems to better respond topatient calls.
-- Staff Physician Communications - Doctor can now communicate simply by being a part of the hospitalp systemso that, whether they are in theifr offices or doing rounds, they can reach key nursess and staff, and be reached immediatelu if needed. The DCM-Healthcare Editio was first installed in Trinity Hospitaloin Erin, Tennessee. "This is a wholer new mindset, like changinvg from an old IBM mainframeto laptops," says Trinityt Hospital's CEO, . "You don't realize what you haven't had unti you finally get it! Now that we'r e using Dalcon, I wish we could have done thisyearas ago.
" Launched in July Unified Communications Magazine is devoted to educatintg enterprise decision makers on why and how they need to deplogy unified communications (UC) Unified Communications has a readership of About Dalcon Communications Systems, Inc. Founded in 1979, Dalcon Communications Systems, Inc. has developed softwar e and IT solutions forbusinesses nationwide. Dalcon'zs premiere offering is a digital communications managetr specially designed for smallto medium-sizedr businesses to benefit from the advantages offerefd by open source and industry-standardx VoIP products. For more please visit . Media Inquiries John Menees 615.577.9017 jmenees@dalcon.
comm This release was issued throug eReleases(TM). For more information, visit . SOURCEw Dalcon Communicatons Systems, Inc.
May 28 /PRNewswire/ -- Dalcon Communications Inc. announced today that Unified Communications Magazinw has named the Dalco nCommunications Manager-Health Care Edition as a recipient of its 2008 Producrt of the Year "Dalcon has proven they are committed to quality and excellences while addressing real needs in the Unified Communications is pleased to grant a 2008 Producyt of the Year Award to their DCM-Healthcare Edition, said , TMC President and Editor-in-Chief of Unified Communications "We're proud to honod their hard work and accomplishments and look forward to more innovativee solutions from Dalcon in the future.
" "We'rer pleased to be honored by this leadint publication in the communications We have recognized the need for fully integratecd communications within hospitals and our DCM-Healthcare Editio represents the state-of-the-art in this regard," said , Dalcon'sa CEO. "Now hospitals can take full advantage of VoIP throug h the use of afullyh integrated, open-standards-based communications system." Utilizinb software running on standard PC servers, and standardr IP and analog phones, the powerful DCM 2.
0 system not only supportzs functions such as Direct Inward Dial Interactive Voice Response, and find-me/follow me to cell phones, it also supportws powerful, integrated functions -- Electronic Faxing - eliminate the phone paper, and toner of fax machines while automaticalluy producing electronic documents for electronicc medical records systems. -- Nurse WiFi - thess critically important staff members and otherxs can now be reachedc as easily as if they were sittinvg at their personalextensionh phone. -- Patient Nurse Call Integration - Existiny nurse call systems can now be integrated with hospital fixed and wireless phone systems to better respond topatient calls.
-- Staff Physician Communications - Doctor can now communicate simply by being a part of the hospitalp systemso that, whether they are in theifr offices or doing rounds, they can reach key nursess and staff, and be reached immediatelu if needed. The DCM-Healthcare Editio was first installed in Trinity Hospitaloin Erin, Tennessee. "This is a wholer new mindset, like changinvg from an old IBM mainframeto laptops," says Trinityt Hospital's CEO, . "You don't realize what you haven't had unti you finally get it! Now that we'r e using Dalcon, I wish we could have done thisyearas ago.
" Launched in July Unified Communications Magazine is devoted to educatintg enterprise decision makers on why and how they need to deplogy unified communications (UC) Unified Communications has a readership of About Dalcon Communications Systems, Inc. Founded in 1979, Dalcon Communications Systems, Inc. has developed softwar e and IT solutions forbusinesses nationwide. Dalcon'zs premiere offering is a digital communications managetr specially designed for smallto medium-sizedr businesses to benefit from the advantages offerefd by open source and industry-standardx VoIP products. For more please visit . Media Inquiries John Menees 615.577.9017 jmenees@dalcon.
comm This release was issued throug eReleases(TM). For more information, visit . SOURCEw Dalcon Communicatons Systems, Inc.
Thursday, December 9, 2010
Bexar County leaders call Mission Reach vital - San Antonio Business Journal:
http://prototype-typeo.com/?p=21
But local leaders believe that it is the plannesd Mission Reach improvements to the soutuh of downtown which could have thegreatest impact, reinvigoratintg one of the city’ws most historic areas. The Mission Reach project is eighrt miles of planned river improvements from Lone Star Boulevarx toMission Espada. Completion is schedulex for 2013 and some have been concernes that this portion might neverbe “Everyone was concerned that this might not get done,” says Bexa r County Judge Nelson Wolff.
It didn’tg help matters that the , which has managed the river improvements project, presented a cost estimate for completin Mission Reach that was off by morethan $100 General Manager Suzanne Scott says the Corpss of Engineers estimated that the Mission Reach project wouls cost $126.6 million to The revised estimate was $232.6 “Our assessment is that they underestimated the complexituy of the project,” says Scott aboug the Corps of Engineers. “They just didn’t factor in everythinf that is involved.” Bexar County is kicking in anadditional $39.y million worth of “betterments” via its venue tax That raises the estimated total to $271.
9 million. Bexadr County Commissioner Tommy Adkisson’s precincf no longer includes the MissionReach area. But Adkissonj has long been an advocatwe forSan Antonio’s South Side. And he says the completion of Mission Reach improvements is essentiak to the future of the southernj sector ofthe city. “The southermn reach is one of the most significanty stretches of the SanAntonio River,” Adkisson explains. “It’s importantf because an overwhelming portion ofSan Antonio’ history comes from that stretch of the river and the nearb missions.
” South San Antonio Chamber of Commerce Presiden Cindy Taylor says Mission Reach improvementsw will spark job creation. “No pun but it’s a ripple effect,” she says aboutr a project that is expectede to improve the look and feel of the rivee south of downtown with the addition ofnew walking/biking trailsw and gathering places. “Every bit helpsx the total package,” says Tom Rohdse about the impact Mission Reach improvements could have on theSoutj Side.
Rohde is vice president of San Antonio-basef Rohde Ottmers Siegel Commercial & Investment That firm is marketing a new retail cented in the Mission Reach area at the cornerr of Southeast Loop 410 andRoosevelt Avenue. The developeer is Boulder, Colo.-based . The project will ultimatelyy span more than 200acres — land over the next several years, could accommodate retailo developments, as well as office, medical and multifamilyt projects.
Rohde predicts that the Missiobn Reach improvements will bring more people to this southern sector of the In an effort to keep theproject moving, Bexar County Commissioners voter on June 2 to approve a new finance plan for the Missionb Reach improvements. Commissioners agreed to advance $182 million in Countyt Flood Tax revenues to cover the Missiohn Reach construction and Officials say the plan will not adversely affectthe county’xs $500 million flood control program or other plannesd capital projects.
That decision by commissioners, Bexar Countuy Judge Nelson Wolff says, “ia probably the most important vote that will be taken on the rivere because of all the confusion and uncertainty about goinv south that has beenon everybody’xs minds for a while.” who also has South Side roots, says advancinf the County Flood Tax revenues to Mission Reach is an “assurancwe that we are going to move forward.
”
But local leaders believe that it is the plannesd Mission Reach improvements to the soutuh of downtown which could have thegreatest impact, reinvigoratintg one of the city’ws most historic areas. The Mission Reach project is eighrt miles of planned river improvements from Lone Star Boulevarx toMission Espada. Completion is schedulex for 2013 and some have been concernes that this portion might neverbe “Everyone was concerned that this might not get done,” says Bexa r County Judge Nelson Wolff.
It didn’tg help matters that the , which has managed the river improvements project, presented a cost estimate for completin Mission Reach that was off by morethan $100 General Manager Suzanne Scott says the Corpss of Engineers estimated that the Mission Reach project wouls cost $126.6 million to The revised estimate was $232.6 “Our assessment is that they underestimated the complexituy of the project,” says Scott aboug the Corps of Engineers. “They just didn’t factor in everythinf that is involved.” Bexar County is kicking in anadditional $39.y million worth of “betterments” via its venue tax That raises the estimated total to $271.
9 million. Bexadr County Commissioner Tommy Adkisson’s precincf no longer includes the MissionReach area. But Adkissonj has long been an advocatwe forSan Antonio’s South Side. And he says the completion of Mission Reach improvements is essentiak to the future of the southernj sector ofthe city. “The southermn reach is one of the most significanty stretches of the SanAntonio River,” Adkisson explains. “It’s importantf because an overwhelming portion ofSan Antonio’ history comes from that stretch of the river and the nearb missions.
” South San Antonio Chamber of Commerce Presiden Cindy Taylor says Mission Reach improvementsw will spark job creation. “No pun but it’s a ripple effect,” she says aboutr a project that is expectede to improve the look and feel of the rivee south of downtown with the addition ofnew walking/biking trailsw and gathering places. “Every bit helpsx the total package,” says Tom Rohdse about the impact Mission Reach improvements could have on theSoutj Side.
Rohde is vice president of San Antonio-basef Rohde Ottmers Siegel Commercial & Investment That firm is marketing a new retail cented in the Mission Reach area at the cornerr of Southeast Loop 410 andRoosevelt Avenue. The developeer is Boulder, Colo.-based . The project will ultimatelyy span more than 200acres — land over the next several years, could accommodate retailo developments, as well as office, medical and multifamilyt projects.
Rohde predicts that the Missiobn Reach improvements will bring more people to this southern sector of the In an effort to keep theproject moving, Bexar County Commissioners voter on June 2 to approve a new finance plan for the Missionb Reach improvements. Commissioners agreed to advance $182 million in Countyt Flood Tax revenues to cover the Missiohn Reach construction and Officials say the plan will not adversely affectthe county’xs $500 million flood control program or other plannesd capital projects.
That decision by commissioners, Bexar Countuy Judge Nelson Wolff says, “ia probably the most important vote that will be taken on the rivere because of all the confusion and uncertainty about goinv south that has beenon everybody’xs minds for a while.” who also has South Side roots, says advancinf the County Flood Tax revenues to Mission Reach is an “assurancwe that we are going to move forward.
”
Monday, December 6, 2010
bizjournals: States spend millions in feverish pursuit of biotech
http://www.national1031.com/subsidiaries/trans/index-06-04-05-30-09.html
Officials infected with the fever oftenh see visionsof high-paying jobs and dramaticc impact on economic development - not to mentionh revolutionary advances in health care and agriculture. And the cure may come only aftert sufferers have wasted years and millionds in taxpayer dollars chasing afterthe mirage. (See relater story .) That's the skeptic's view of the economi development community's current obsession with biotechnology. Four years ago, just 14 statezs had targeted biotech as a way to growtheir economies. Today, 41 states are chasing the business.
"Thatf says a lot more about the herd instinctr of people who do economic development in this countrh than the economicsof biotechnology," says Josepnh Cortright, a Portland, Ore.-based economist who co-authored a 2002 Brookings Instituted study on biotech. A decadre ago, every region wanted to be the nextSilicomn Valley, Cortright says. A few yeare later, dot-coms were all the "Biotechnology is the latest 'It '' says Rob DeRocker, executive vice presidenrt of DevelopmentCounsellors International, a New York City-basec firm that works with economif development organizations around the This girl, however, won't go out with just anybody.
She wante someone with leading-edge medicalk research institutions and deep pockets ofventurs capital. Only a few placews in America, led by California and now qualify. That hasn't stopped states like Arizonza and Florida from knocking onher door. Arizona is investing $440 milliojn in university research and development facilities to complemenyt its success in recruiting the Translational Genomics ResearcyInstitute (TGen). Arizona officials are confidenf Phoenix can become a leadingbiotech hub. "Why says Micah Miranda, biosciences manager for the Arizonaq Departmentof Commerce. "We're not goinh to be a passive player.
" Cortright "the odds there are very strongly against them." Even with TGen, he Phoenix has "just a tiny fractionb of the scale" of the medicalk research needed to become a major biotech Last year, Arizona ranked 27th among states in Nationa l Institutes of Health contract awards, a leading indicatord of medical research For its part, Florida put together a $500 millioj package to convince the prestigious California-basefd Scripps Institute to locate an East Coast branch in West Palm Florida, at No. 19 in NIH awards, did better, but it'xs "still weak on commercialization" of biotech Cortight says.
He suspects new Florida institute willbe "viewedr as an outpost" rather than a strong center in its own right. Ross DeVol, directotr of regional economics at theMilken Institute, says Florida'a recruitment of Scripps is a "bold gamble" based on the "big bang of economic development. Scripps is one of the top biotecgh research institutes in the world soit "could be an important for Florida - but it might "just change things at the Developing a strong biotech hub takes more than "jusgt plunking a building down," says Walt vice president of Battelle Memoriaol Institute's technology partnership "A lot of this is growing your own rathe than recruiting.
" Other states aren't as ambitiousz as Arizona or Florida, but stilk think they're positioned to get a biggere piece of the biotech pie by pursuing niches where they've already developed some strength. Alabama, for example, is home to a top 25 NIH researchh institution, the University of Alabamqa at Birmingham. The UAB-affiliated Southern Research Institute has developed six cancedr drugs that already are onthe market. The University of Southb Alabama recently recruited one of the top scientists from the Nationakl Cancer Institute and broke ground on a new cancereresearch facility.
"We see a lot of communitied chasing biotechwho don't have a lot of the basif ingredients that we have," says Angela Wier, vice presiden t of the Economic Development Partnership of Alabama. She acknowledges, however, that Alabamaw is weak on ventur capital, an essential ingredient for building a strongybiotech sector.
Officials infected with the fever oftenh see visionsof high-paying jobs and dramaticc impact on economic development - not to mentionh revolutionary advances in health care and agriculture. And the cure may come only aftert sufferers have wasted years and millionds in taxpayer dollars chasing afterthe mirage. (See relater story .) That's the skeptic's view of the economi development community's current obsession with biotechnology. Four years ago, just 14 statezs had targeted biotech as a way to growtheir economies. Today, 41 states are chasing the business.
"Thatf says a lot more about the herd instinctr of people who do economic development in this countrh than the economicsof biotechnology," says Josepnh Cortright, a Portland, Ore.-based economist who co-authored a 2002 Brookings Instituted study on biotech. A decadre ago, every region wanted to be the nextSilicomn Valley, Cortright says. A few yeare later, dot-coms were all the "Biotechnology is the latest 'It '' says Rob DeRocker, executive vice presidenrt of DevelopmentCounsellors International, a New York City-basec firm that works with economif development organizations around the This girl, however, won't go out with just anybody.
She wante someone with leading-edge medicalk research institutions and deep pockets ofventurs capital. Only a few placews in America, led by California and now qualify. That hasn't stopped states like Arizonza and Florida from knocking onher door. Arizona is investing $440 milliojn in university research and development facilities to complemenyt its success in recruiting the Translational Genomics ResearcyInstitute (TGen). Arizona officials are confidenf Phoenix can become a leadingbiotech hub. "Why says Micah Miranda, biosciences manager for the Arizonaq Departmentof Commerce. "We're not goinh to be a passive player.
" Cortright "the odds there are very strongly against them." Even with TGen, he Phoenix has "just a tiny fractionb of the scale" of the medicalk research needed to become a major biotech Last year, Arizona ranked 27th among states in Nationa l Institutes of Health contract awards, a leading indicatord of medical research For its part, Florida put together a $500 millioj package to convince the prestigious California-basefd Scripps Institute to locate an East Coast branch in West Palm Florida, at No. 19 in NIH awards, did better, but it'xs "still weak on commercialization" of biotech Cortight says.
He suspects new Florida institute willbe "viewedr as an outpost" rather than a strong center in its own right. Ross DeVol, directotr of regional economics at theMilken Institute, says Florida'a recruitment of Scripps is a "bold gamble" based on the "big bang of economic development. Scripps is one of the top biotecgh research institutes in the world soit "could be an important for Florida - but it might "just change things at the Developing a strong biotech hub takes more than "jusgt plunking a building down," says Walt vice president of Battelle Memoriaol Institute's technology partnership "A lot of this is growing your own rathe than recruiting.
" Other states aren't as ambitiousz as Arizona or Florida, but stilk think they're positioned to get a biggere piece of the biotech pie by pursuing niches where they've already developed some strength. Alabama, for example, is home to a top 25 NIH researchh institution, the University of Alabamqa at Birmingham. The UAB-affiliated Southern Research Institute has developed six cancedr drugs that already are onthe market. The University of Southb Alabama recently recruited one of the top scientists from the Nationakl Cancer Institute and broke ground on a new cancereresearch facility.
"We see a lot of communitied chasing biotechwho don't have a lot of the basif ingredients that we have," says Angela Wier, vice presiden t of the Economic Development Partnership of Alabama. She acknowledges, however, that Alabamaw is weak on ventur capital, an essential ingredient for building a strongybiotech sector.
Saturday, December 4, 2010
Free buses bring Chapel Hill livability award - Wichita Business Journal:
hyperwave-exhausted.blogspot.com
The home of the , Chapel Hill beat out more than 200 municipalities across the nationj to claima first-place City Livability Award. Chapel Hill won for citiews with populations of fewerthan 100,000. S.C., won for cities with populationz of morethan 100,000. The contest was judged on threse criteria: mayoral leadership, creativity and innovation, and the broadd impact on the quality of lifefor residents. The U.S.
Conferencew of Mayors honored Chapel Hill for its decision in 2002 to no longeer charge fares to any rider on its bus the organization said in a press While many bus systems in collegetownas don’t charge students and facultyt to ride, a scant few provide free servicde to all riders. The town implemente d the fare-free system to encourage peopled to take the bus and leavse their carsat home. The plan worked. Ridership on Chapel Hill transit has more than doublef since fares were eliminated going from 3 million in 2002 to a projected 7 milliojthis year. “The Chapel Hill Public Transif system is the foundation of oursustainable future,” Foy said in a pressa release.
“This bus system makes Chapel Hill continue to be the kind of placrpeople love; for us it is an investmenf and it has paid off big The town says it is planning a “community to celebrate the livability award and that it will releasw details soon.
The home of the , Chapel Hill beat out more than 200 municipalities across the nationj to claima first-place City Livability Award. Chapel Hill won for citiews with populations of fewerthan 100,000. S.C., won for cities with populationz of morethan 100,000. The contest was judged on threse criteria: mayoral leadership, creativity and innovation, and the broadd impact on the quality of lifefor residents. The U.S.
Conferencew of Mayors honored Chapel Hill for its decision in 2002 to no longeer charge fares to any rider on its bus the organization said in a press While many bus systems in collegetownas don’t charge students and facultyt to ride, a scant few provide free servicde to all riders. The town implemente d the fare-free system to encourage peopled to take the bus and leavse their carsat home. The plan worked. Ridership on Chapel Hill transit has more than doublef since fares were eliminated going from 3 million in 2002 to a projected 7 milliojthis year. “The Chapel Hill Public Transif system is the foundation of oursustainable future,” Foy said in a pressa release.
“This bus system makes Chapel Hill continue to be the kind of placrpeople love; for us it is an investmenf and it has paid off big The town says it is planning a “community to celebrate the livability award and that it will releasw details soon.
Wednesday, December 1, 2010
Sinai Hospital expansion features
http://www.hestercollege.org/faculty.html
The new building features a 29-bed intensiv e care unit and a 36-bed intermediatwe care unit. The expansion’s 8,000-square-foot atrium includes a 40-foot-talll waterfall cascading overston slabs. The rooftop includees a helipad anda garden. This “vegetecture,” or vegetated architecture, is a form of buildinf design using vegetation as a part of The expansion also has many green features includiny useof low-energy consumption lightintg and use of construction materials that minimize the damage to the The Baltimore hospital is a member of , whicu includes , Levindale Hebrew Geriatric Centerf and Hospital, Courtland Gardens Nursing & Rehabilitation Center.
Northwest recently completedc a $100 million expansion and including the opening of a new mammography center andoutpatient
The new building features a 29-bed intensiv e care unit and a 36-bed intermediatwe care unit. The expansion’s 8,000-square-foot atrium includes a 40-foot-talll waterfall cascading overston slabs. The rooftop includees a helipad anda garden. This “vegetecture,” or vegetated architecture, is a form of buildinf design using vegetation as a part of The expansion also has many green features includiny useof low-energy consumption lightintg and use of construction materials that minimize the damage to the The Baltimore hospital is a member of , whicu includes , Levindale Hebrew Geriatric Centerf and Hospital, Courtland Gardens Nursing & Rehabilitation Center.
Northwest recently completedc a $100 million expansion and including the opening of a new mammography center andoutpatient
Monday, November 29, 2010
Small Train Holiday delights railroaders of all ages - The Sacramento Press
http://www.spain-elite.net/real_estate_financing_3
The Sacramento Press | Small Train Holiday delights railroaders of all ages The Sacramento Press Railroad enthusiasts of all ages found something to enjoy. Jay and Terri Marchesseault of Acampo brought their two-year old son, Tristan, to see the model ... |
Friday, November 26, 2010
Jewish group suing IRS over its tax-exempt status - Arab News
http://www.baifb.com/tabaccessories.html
Jewish group suing IRS over its tax-exempt status Arab News According to The Forward, applications for tax-exempt status are sent to the IRS's quality assurance office in Washington if they involve terrorist ... Is the IRS Targeting Jewish Groups for Being Pro-Israel? Is the IRS Targeting Pro-Israel Groups? |
Wednesday, November 24, 2010
Georgia watering restrictions lifted - Minneapolis / St. Paul Business Journal:
ernstiryastrov.blogspot.com
“Our water supplies are flush,” Carol Couch, director of the , told memberw of the state’s Drought Management Advisory “Our rivers and streams have The state imposed Level 4 drought restrictions in Septembeer 2007 as one of the worst droughts in Georgia history deepened, sending water levels at the state’sa federally managed reservoirs The restrictions banned most types of outdooe water use in 55 north Georgia While some communities were later grantecd exemptions to the most severe restrictions, water systems that relied on severelyh depleted Lake Lanier were not given that flexibility.
Undere Wednesday’s order, which takes effect immediately, north Georgia will return to a non-drought outdoofr watering schedule. Residential and commercial property owners will be allowecd to water their lawnes three daysa week. Odd-numbere d addresses may water on Tuesday, Thursday and Even-numbered addresses may water on Wednesdayand Saturday. State Climatologisr David Stooksbury reported to the advisoryt committee that Georgia is experiencingthe second-wettest sprinvg in 115 years. “Obviously, that made a majodr impact on moisture conditions in the he said.
Still, Stooksbury said, rainfall just durinf the last 30 days has been slightl below normal across the northern third ofthe state, a sign that summe is setting in. Couch praised property owners for conserving water durinhg the drought to a greater extent than would have been possible throughregulation alone. But she warnee that Georgians should continue cultivatingtheir water-efficient even though abundant rains have returned. “Droughtf can be a fickle thing,” she said.
“Our water supplies are flush,” Carol Couch, director of the , told memberw of the state’s Drought Management Advisory “Our rivers and streams have The state imposed Level 4 drought restrictions in Septembeer 2007 as one of the worst droughts in Georgia history deepened, sending water levels at the state’sa federally managed reservoirs The restrictions banned most types of outdooe water use in 55 north Georgia While some communities were later grantecd exemptions to the most severe restrictions, water systems that relied on severelyh depleted Lake Lanier were not given that flexibility.
Undere Wednesday’s order, which takes effect immediately, north Georgia will return to a non-drought outdoofr watering schedule. Residential and commercial property owners will be allowecd to water their lawnes three daysa week. Odd-numbere d addresses may water on Tuesday, Thursday and Even-numbered addresses may water on Wednesdayand Saturday. State Climatologisr David Stooksbury reported to the advisoryt committee that Georgia is experiencingthe second-wettest sprinvg in 115 years. “Obviously, that made a majodr impact on moisture conditions in the he said.
Still, Stooksbury said, rainfall just durinf the last 30 days has been slightl below normal across the northern third ofthe state, a sign that summe is setting in. Couch praised property owners for conserving water durinhg the drought to a greater extent than would have been possible throughregulation alone. But she warnee that Georgians should continue cultivatingtheir water-efficient even though abundant rains have returned. “Droughtf can be a fickle thing,” she said.
Monday, November 22, 2010
Gates Foundation gives $16M to colleges - The Business Journal of Milwaukee:
http://brouj.org/investment/cyprus.html
million to 15 community colleges and five stated in an effort to help strugglinhg studentscomplete college. The Development Educationm Initiative will award the fundingto Florida, Ohio, Texas and as well as community colleges in each state plus one more in Northh Carolina. No colleges or programs in Washington state will receiver funding underthe program. For a complet list of recipients, . The funding, first announced in December of last will be awarded to and distributedby , a Northu Carolina-based nonprofit. “They wanted us to identify programs and policies that are already being tried and had saidRichard Hart, spokesman for MDC.
The initiative seeksw to support programs that help studentw enrolled in remedialprograms — so-called refresher courses for students who are not up to grade levelk in a given subject. The goal is to improve classroo m performance so students can go on to take advancedd courses and eventually graduate with a degreeor certificate. A citeds by the Gates Foundation found that nearly 60 percengt of students enrolling inthe nation’s communit y colleges must take remedial courses. Such courses cost taxpayers $2 billion a according to the report.
The grants are part of the Gatews Foundation’s work to help more studentds graduate from college oruniversity programs, an importantf education milestone that the foundation says is essentiaol to earning a livinvg wage in today’s economy. The grants will suppor various state andcollegew programs, including efforts to collect data and bette r track the performance of remedial students. The Developmengt Education Initiative is also being supportedwith $1.
5 million from the of Indianapolis to pay for evaluation and
million to 15 community colleges and five stated in an effort to help strugglinhg studentscomplete college. The Development Educationm Initiative will award the fundingto Florida, Ohio, Texas and as well as community colleges in each state plus one more in Northh Carolina. No colleges or programs in Washington state will receiver funding underthe program. For a complet list of recipients, . The funding, first announced in December of last will be awarded to and distributedby , a Northu Carolina-based nonprofit. “They wanted us to identify programs and policies that are already being tried and had saidRichard Hart, spokesman for MDC.
The initiative seeksw to support programs that help studentw enrolled in remedialprograms — so-called refresher courses for students who are not up to grade levelk in a given subject. The goal is to improve classroo m performance so students can go on to take advancedd courses and eventually graduate with a degreeor certificate. A citeds by the Gates Foundation found that nearly 60 percengt of students enrolling inthe nation’s communit y colleges must take remedial courses. Such courses cost taxpayers $2 billion a according to the report.
The grants are part of the Gatews Foundation’s work to help more studentds graduate from college oruniversity programs, an importantf education milestone that the foundation says is essentiaol to earning a livinvg wage in today’s economy. The grants will suppor various state andcollegew programs, including efforts to collect data and bette r track the performance of remedial students. The Developmengt Education Initiative is also being supportedwith $1.
5 million from the of Indianapolis to pay for evaluation and
Sunday, November 21, 2010
Amgen takes back one of three South S.F. buildings - San Francisco Business Times:
http://4uv7.com/en/exercise-and-meditation/page_19.html
one of three structures that Amgenb listed with brokerage Kidder Mathewss for sublease inAugust 2007. The otheer two buildings, 331 and 333 Oyster Pointt Blvd. — a combined 275,000 squarde feet — are still available for lease. On Jan. 26, Amge n reported a 6 percent increase inadjusted fourth-quartet earnings, matching Wall Street estimates, but said it expecte d a modest 4 percent earnings growtu in 2009 as the company prepares to launcjh a new, potentially blockbuster, osteoporosis Amgen is on the hook for a 15-yeaf lease on the space. Gilead has completed its $137.5 million acquisition of 301 Velocity Way inFostetr City.
The purchase includes a 163,000-square-foot buildingt as well as 30 acres of entitled development which is slated to become thebiotech firm’ s new expanded headquarters. The seller was , a digital printing Michel Seifer and Robert Dmytryk of represented the In September, the Businesa Times reported that Gilead planned to doublwe its campus from 629,000 square feet to 1.2 million square adding an additional 1,900 employees over the next 10 A week after slashinhg prices by 15 percent at the Millennium Tower at 333 Mission St. in San Francisco, has put sevem more units into contract, includint a 59th floor penthousefor $10.2 million.
The bursyt of activity follows three months during which sales activity at the Millennium was at a a slowdown that prompted the develope r to cut prices forall units. The 15 percent reductions also apply to units already in contractt prior to thepricd cut. “So far so good,” said Richard managing director ofMillennium Partners. “We had close to 20 peoplwe a daythrough — we couldn’t accommodate everybody.” The 5,555-square-foot penthouse that went into contract is 59A, half of the 59th The other six units range from a low of $626,000 to a high of $2.6 million, with an average pricwe of $1.5 million.
With the 15 perceng discount, the buyer of 59A — a womajn who asked not to be identified — saved $1.8 “This person very much wanted to be inthe building,” said A Pleasanton couple leased a 17,000-square-foot warehousew at 6902 Patterson Pass Road, Suite J, in Livermore to open the East Bay’ds first franchise of UNITSd Mobile Storage. Rick and Donnw Topp opened the franchise after Rick Topp was laid offfrom ’es former San Francisco office. The new branchj offers portable containers that individuals or busines can rent for temporary storage at the warehousw oron site.
The most popularf size, 16 feet, can hold furniturse and items froma 1,500-square-foot The economic downturn has helped the Donna Topp said, because many people are in transition when renovating their homese or moving to smaller homes. Contractorz also need to secure materials on ajob site. The couplre chose Livermore for its central location within the East Bay and reasonable leasing rates, Donna Topp said. Michaek Lloyd of ’s Pleasanton officwe representedthe leasee.
Mark Dowling of represented the managed by Tom Wagner of HarvestProperty
one of three structures that Amgenb listed with brokerage Kidder Mathewss for sublease inAugust 2007. The otheer two buildings, 331 and 333 Oyster Pointt Blvd. — a combined 275,000 squarde feet — are still available for lease. On Jan. 26, Amge n reported a 6 percent increase inadjusted fourth-quartet earnings, matching Wall Street estimates, but said it expecte d a modest 4 percent earnings growtu in 2009 as the company prepares to launcjh a new, potentially blockbuster, osteoporosis Amgen is on the hook for a 15-yeaf lease on the space. Gilead has completed its $137.5 million acquisition of 301 Velocity Way inFostetr City.
The purchase includes a 163,000-square-foot buildingt as well as 30 acres of entitled development which is slated to become thebiotech firm’ s new expanded headquarters. The seller was , a digital printing Michel Seifer and Robert Dmytryk of represented the In September, the Businesa Times reported that Gilead planned to doublwe its campus from 629,000 square feet to 1.2 million square adding an additional 1,900 employees over the next 10 A week after slashinhg prices by 15 percent at the Millennium Tower at 333 Mission St. in San Francisco, has put sevem more units into contract, includint a 59th floor penthousefor $10.2 million.
The bursyt of activity follows three months during which sales activity at the Millennium was at a a slowdown that prompted the develope r to cut prices forall units. The 15 percent reductions also apply to units already in contractt prior to thepricd cut. “So far so good,” said Richard managing director ofMillennium Partners. “We had close to 20 peoplwe a daythrough — we couldn’t accommodate everybody.” The 5,555-square-foot penthouse that went into contract is 59A, half of the 59th The other six units range from a low of $626,000 to a high of $2.6 million, with an average pricwe of $1.5 million.
With the 15 perceng discount, the buyer of 59A — a womajn who asked not to be identified — saved $1.8 “This person very much wanted to be inthe building,” said A Pleasanton couple leased a 17,000-square-foot warehousew at 6902 Patterson Pass Road, Suite J, in Livermore to open the East Bay’ds first franchise of UNITSd Mobile Storage. Rick and Donnw Topp opened the franchise after Rick Topp was laid offfrom ’es former San Francisco office. The new branchj offers portable containers that individuals or busines can rent for temporary storage at the warehousw oron site.
The most popularf size, 16 feet, can hold furniturse and items froma 1,500-square-foot The economic downturn has helped the Donna Topp said, because many people are in transition when renovating their homese or moving to smaller homes. Contractorz also need to secure materials on ajob site. The couplre chose Livermore for its central location within the East Bay and reasonable leasing rates, Donna Topp said. Michaek Lloyd of ’s Pleasanton officwe representedthe leasee.
Mark Dowling of represented the managed by Tom Wagner of HarvestProperty
Friday, November 19, 2010
Investors selling Jos. A. Bank's stock short as economy worsens - Baltimore Business Journal:
http://msl-greeting.com/gazmeet13.php
The fast-growing men's retailer is openintg new stores regularly and has nearlgy doubled its stock price in the pastfive years. But as of 86 percent of its shares were sold meaning investors are betting thatthe stock's pricw will fall. Jos. A. Bank attracts lots of attentiohn from both believersand doubters, with ongointg debates among investors about the company's rapid store expansion and inventory levels. It has become common for closwe to 50 percentof Jos. A. Bank'sd available shares to be sold short.
But short activity on the stock has picked up even with some investor experts saying the economivc downturn could make the retailer an increasinglh attractiveshort target. The percentage of Jos. A. Bank shares sold short fell to 68 percent at the end of according to trading data releasedApril 9. shorting Jos. A. Bank has become so popular that it is gettinbg hard for investors to find sharee tosell short. "Igt is very rare to find a shor interest of 86 percent of publiclgyavailable shares" in a company, said James Angel, professotr at the McDonough School of Businessa at . Executives with Hampstead-based Jos. A. Bank couldf not be reached for comment.
Joseph Parnes has recommended shortingthe fast-growing retailee in his Shortex investment newsletter, most recently on Jan. 30. president of Baltimore-based Technomart Investment saidmen aren't likely to stock up on new suits as the country appears headed for recession. In a short an investor borrows shares and sellds them to others in a bet that the pricdwill fall. Eventually, the investord must buy shares to cover whathe borrowed. If the stock' price falls, the investor can buy back shares cheaplty and turn a if the price the investorloses money. When a price spike touches off a scramble to buy back it pushes the price even highefin what's called a "short squeeze.
" But givem the onslaught of bad economic news lately, the shortsx could be holding on in a bet that Jos. A. Bank will post weak saleas or earnings, Parnes said. Bad news coulc send the stock plummeting, which would allow shorts to cover theirshares cheaply. Jos. A. Bank shares were tradiny at $23.40 this week, well off a 52-week high of $46.16. Jos. A. Bank said in Februarty that it expected a 12 percenty to 14 percent earnings increase for fiscalyear 2007. The companhy has not yet released further data on thefiscall year, which ended Feb. 2.
In federal regulators changed the rulexs governing the return of borrowed shares tobrokerage houses, creating a watchlistr of stocks where there are persistent "failures to such shares. Jos. A. Bank has been on that list for more than 100 Angel said. Jos. A. Bank tends to carr y higher levels of inventory than some saying the extra merchandise feedsthe company'xs growth and helps customedr service. Critics have long decried the highet inventories, while supporters say the companyg has used the merchandise to steadilygrow profits. The latest round of the inventorty debate began to heat upMarch 30, when investment magazin estimated that Jos. A.
Bank had over a year'xs worth of inventory on hand, comparecd with just 292 days of inventoru on hand atcompetitodr . Company officials frequently say Jos. A. Bank buildsx inventory to stock itsnew stores, and that it keepes basic items like men's white dress shirts on shelveds in a wide range of sizes. Jos. A. Bank had $225 millioh in inventory at the beginning of historically a period when the clothier is stocking up for theholiday rush. That figure was an 11 percenf increase from ayear earlier, according to Jos. A. Bank's most recengt quarterly report. For the same period, Jos. A. Bank postedc quarterly sales of $131 million, up 10 percentr from a year ago.
Of six analysts covering the firm, five rate the stocj a hold, according to Thomson Financial Stifel Nicolaus analyst Richard Jaffe wrote in a December researcu notethat Jos. A. Bank "haz been effective in driving sales in a difficult The company's inventory per square foot was flat from a year ago, after falling for five straight quarters, and inventory is "in-line with our expectation," he wrote.
The fast-growing men's retailer is openintg new stores regularly and has nearlgy doubled its stock price in the pastfive years. But as of 86 percent of its shares were sold meaning investors are betting thatthe stock's pricw will fall. Jos. A. Bank attracts lots of attentiohn from both believersand doubters, with ongointg debates among investors about the company's rapid store expansion and inventory levels. It has become common for closwe to 50 percentof Jos. A. Bank'sd available shares to be sold short.
But short activity on the stock has picked up even with some investor experts saying the economivc downturn could make the retailer an increasinglh attractiveshort target. The percentage of Jos. A. Bank shares sold short fell to 68 percent at the end of according to trading data releasedApril 9. shorting Jos. A. Bank has become so popular that it is gettinbg hard for investors to find sharee tosell short. "Igt is very rare to find a shor interest of 86 percent of publiclgyavailable shares" in a company, said James Angel, professotr at the McDonough School of Businessa at . Executives with Hampstead-based Jos. A. Bank couldf not be reached for comment.
Joseph Parnes has recommended shortingthe fast-growing retailee in his Shortex investment newsletter, most recently on Jan. 30. president of Baltimore-based Technomart Investment saidmen aren't likely to stock up on new suits as the country appears headed for recession. In a short an investor borrows shares and sellds them to others in a bet that the pricdwill fall. Eventually, the investord must buy shares to cover whathe borrowed. If the stock' price falls, the investor can buy back shares cheaplty and turn a if the price the investorloses money. When a price spike touches off a scramble to buy back it pushes the price even highefin what's called a "short squeeze.
" But givem the onslaught of bad economic news lately, the shortsx could be holding on in a bet that Jos. A. Bank will post weak saleas or earnings, Parnes said. Bad news coulc send the stock plummeting, which would allow shorts to cover theirshares cheaply. Jos. A. Bank shares were tradiny at $23.40 this week, well off a 52-week high of $46.16. Jos. A. Bank said in Februarty that it expected a 12 percenty to 14 percent earnings increase for fiscalyear 2007. The companhy has not yet released further data on thefiscall year, which ended Feb. 2.
In federal regulators changed the rulexs governing the return of borrowed shares tobrokerage houses, creating a watchlistr of stocks where there are persistent "failures to such shares. Jos. A. Bank has been on that list for more than 100 Angel said. Jos. A. Bank tends to carr y higher levels of inventory than some saying the extra merchandise feedsthe company'xs growth and helps customedr service. Critics have long decried the highet inventories, while supporters say the companyg has used the merchandise to steadilygrow profits. The latest round of the inventorty debate began to heat upMarch 30, when investment magazin estimated that Jos. A.
Bank had over a year'xs worth of inventory on hand, comparecd with just 292 days of inventoru on hand atcompetitodr . Company officials frequently say Jos. A. Bank buildsx inventory to stock itsnew stores, and that it keepes basic items like men's white dress shirts on shelveds in a wide range of sizes. Jos. A. Bank had $225 millioh in inventory at the beginning of historically a period when the clothier is stocking up for theholiday rush. That figure was an 11 percenf increase from ayear earlier, according to Jos. A. Bank's most recengt quarterly report. For the same period, Jos. A. Bank postedc quarterly sales of $131 million, up 10 percentr from a year ago.
Of six analysts covering the firm, five rate the stocj a hold, according to Thomson Financial Stifel Nicolaus analyst Richard Jaffe wrote in a December researcu notethat Jos. A. Bank "haz been effective in driving sales in a difficult The company's inventory per square foot was flat from a year ago, after falling for five straight quarters, and inventory is "in-line with our expectation," he wrote.
Thursday, November 18, 2010
ESPN to share Spanish soccer rights with GolTV - The Business Journal of Milwaukee:
http://www.deltaexpo.com/content/view/129/35/
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristiano Ronaldo. Ronaldo's transfer recently made waves for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN12 andESPN Deportes, as well as ESPN360.com. ESPN Deporte and ESPN360.com will also have rights to Copadel Rey, Spain’sx domestic cup tournament. "We’re thrilled to work with GolTV to showcas e La Liga on ESPN for the firsf time to soccer fans inthe U.S.
With the pendingh addition of Cristiano Ronaldoand Kaka, the timingf is great to include this great property to the ESPN Deportex line-up, as it is the most exciting socceer league in the world today," Lino Garcia, general managed of ESPN Deportes, said in a statement.
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristiano Ronaldo. Ronaldo's transfer recently made waves for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN12 andESPN Deportes, as well as ESPN360.com. ESPN Deporte and ESPN360.com will also have rights to Copadel Rey, Spain’sx domestic cup tournament. "We’re thrilled to work with GolTV to showcas e La Liga on ESPN for the firsf time to soccer fans inthe U.S.
With the pendingh addition of Cristiano Ronaldoand Kaka, the timingf is great to include this great property to the ESPN Deportex line-up, as it is the most exciting socceer league in the world today," Lino Garcia, general managed of ESPN Deportes, said in a statement.
Capital law school dean stepping down next year - The Business Review (Albany):
http://www.disruptit.org/article/CeBIT-2008--Gigabyte---The-Fan-Becomes-a-Useless-Argument-.html
Jack Guttenberg, who stepped in as law dean in said he plans to resign from the post onJune 30, 2010. He’ll have led the school for six years when he The endof Guttenberg’sd tenure also will mark the completionn of a strategic plan launcn for the law school that Capitaol says has helped boost first-time pass rate on the Ohio Bar Capital said it ranked first among the state’zs law school with a pass rate of 94 percenf last year. Nichole Johnson, a Capital spokeswoman, said Guttenberg, 57, consideres next year “just the right to end his tenure.
“He’s done what he came here to do, he’w accomplished so much here at Capita l and it just seems like the timewas right,” she The university didn’t offer specific plans Guttenberg has for after he but he said in a release that he plands to take on “new professional challenge s as a teacher, administrator and advocate for accessible legal Johnson said Guttenberg also workws as a tenured professor at the law schoop but said it’s unknown whether he’ll stay at Capitaol after leaving the dean’s post. Prior to coming to Guttenberg spent 17 years teaching lawat Cleveland- of Law at befor e being named associate dean ther e in 1997.
Guttenberg also served as assistant public defendefr in the major felonies division inWashtenaw Mich., and worked at Detroit’xs Burgess and Burgess law firm. Capital said it will begin work this summee on a national search fora replacement, headedx by Edward Inch, the university’s provost and vice presidenf for academic affairs.
Jack Guttenberg, who stepped in as law dean in said he plans to resign from the post onJune 30, 2010. He’ll have led the school for six years when he The endof Guttenberg’sd tenure also will mark the completionn of a strategic plan launcn for the law school that Capitaol says has helped boost first-time pass rate on the Ohio Bar Capital said it ranked first among the state’zs law school with a pass rate of 94 percenf last year. Nichole Johnson, a Capital spokeswoman, said Guttenberg, 57, consideres next year “just the right to end his tenure.
“He’s done what he came here to do, he’w accomplished so much here at Capita l and it just seems like the timewas right,” she The university didn’t offer specific plans Guttenberg has for after he but he said in a release that he plands to take on “new professional challenge s as a teacher, administrator and advocate for accessible legal Johnson said Guttenberg also workws as a tenured professor at the law schoop but said it’s unknown whether he’ll stay at Capitaol after leaving the dean’s post. Prior to coming to Guttenberg spent 17 years teaching lawat Cleveland- of Law at befor e being named associate dean ther e in 1997.
Guttenberg also served as assistant public defendefr in the major felonies division inWashtenaw Mich., and worked at Detroit’xs Burgess and Burgess law firm. Capital said it will begin work this summee on a national search fora replacement, headedx by Edward Inch, the university’s provost and vice presidenf for academic affairs.
Tuesday, November 16, 2010
Monday, November 15, 2010
Budget repercussions - Portland Business Journal:
http://narcap.org/articles/McDonald1.htm
Trillium receives about $5.7 million in state backin g each year. The level is expected to stay the same, meaningy the program must sustainany cost-of-living However, providers could become far busier. The same is true for the state’ s hospitals, which are vehemently protesting Kulongoski’se proposal that could boos t provider taxes up another4 percent, or a shade higherd than the hospitals’ overall marginds last year. A second tax could levy anothedr 1.5 percent on premiums. “That’sw a total potential 5.5 percent said Andy Davidson, president and CEO of the and Healthn Systems. “I’m not sure the benefits outweigh thecost here.
Societally, we have to do something to addreszsthis issue.” Smith, for one, is prepariny for the worst. “W e have enough in reserve thatwe won’tt do anything dramatic this she said. “But even though there’e a 2.4 percent increase for now, it’s actually a loss when you look at thingws like increased healthcare costs. So there’s almost no way we won’t have to make
Trillium receives about $5.7 million in state backin g each year. The level is expected to stay the same, meaningy the program must sustainany cost-of-living However, providers could become far busier. The same is true for the state’ s hospitals, which are vehemently protesting Kulongoski’se proposal that could boos t provider taxes up another4 percent, or a shade higherd than the hospitals’ overall marginds last year. A second tax could levy anothedr 1.5 percent on premiums. “That’sw a total potential 5.5 percent said Andy Davidson, president and CEO of the and Healthn Systems. “I’m not sure the benefits outweigh thecost here.
Societally, we have to do something to addreszsthis issue.” Smith, for one, is prepariny for the worst. “W e have enough in reserve thatwe won’tt do anything dramatic this she said. “But even though there’e a 2.4 percent increase for now, it’s actually a loss when you look at thingws like increased healthcare costs. So there’s almost no way we won’t have to make
Saturday, November 13, 2010
City Council revisiting plan to establish 'conservation neighborhoods' - Business First of Columbus:
http://nesttechnologies.com/nest2/REform_us.htm
Council Development Committee ChairwomanMaryellen O'Shaughnessy was to host a hearinbg Sept. 13 on a proposal to create a conservationh neighborhoodpilot project. She hopes the next step will be a vote by councilo onthe program. "It's important legislation," O'Shaughnessy said. "We've had several generationz and versionsof it. I'm hoping everybody (on has an opportunity to get up to speed and itpassesd 7-0." One to three neighborhoods would be selected for the said Randy Black, the city's historic preservation officer. Interes has been shown by neighborhood groups in Harrison Merion Village and the Northland andClintonville areas.
"W want to test it beforr we roll it out to theentire city," Black said. "Wer want to see if things need to be Underthe proposal, neighborhood groups couldx develop conservation and design review standardz to preserve the environment and social attributes of their areas. The program woul d be administered by the Neighborhood Servicea Division and Historic Preservation Officd inthe city's . Conservatiob neighborhoods are not to be confusefd withhistoric districts, which have more stringent regulatory standards, Black said. "They're significantly he said. "The conservation neighborhood standarda are drawn by theresidents themselves.
It's not the city putting restrictions, requirements and regulations on Black said conservation neighborhoodstandards aren'gt intended to dictate the type of siding or roof materials property owners can use when makin g improvements. Instead, they address broadere issues such as demolition of buildings and new-home construction that may not jibe with a neighborhood'sx traditional look. The conservation neighborhooc concept started inthe 1970s, Black Nearly 20 cities have them, includint Atlanta, Boston, Phoenix, Dallas and San Black's office began researching conservatiob neighborhoods in 2003 after residentds raised concerns about changes to the character of their neighborhoods.
The resultiny legislation has undergone numerous reviews and including some at the request of the and city Boarrdof Realtors. The apartment association was concernef draft legislation called for property owners to vote on the conservationh neighborhood designation without knowing what the standardzswould be, said Jay Scott, the group's executive "They would have basically been votinh to limit their property rightsa and what they can do with theid property without knowing what they were votinbg for," he said. That point has been Scott said.
The current legislatiomn calls for at least 60 percent of property owners within the proposed conversation neighborhood to sign off on a petition outlininbthe guidelines. The apartment associationh also pushed for a 60 perceny majority vote on the petitionsz rather than the simple majority called for in earlietr versions ofthe legislation, Scott said. "Oncw we were able to work out thoss things," he said, "it got to the poinrt where we're not against (the legislation). One of the provisionzs in the legislation calls for a conservation neighborhood to consist of at least 10contiguouzs blocks.
It would also need to have a distinctivr atmosphere or character and be consistent withthe city's comprehensivd development plans to maintain housing for the handicappee and people with low and moderatew incomes. The city's development director would determine if an area applying for conservationj neighborhood status is eligible for the according tothe legislation. At that point, a public hearing wouldr kick off a study period in which residents wouldf conduct research to identify the neighborhood characteristicsa tobe preserved. Once the studt is completed, the city's Conservation Neighborhoodr Review Board would hold a hearingon it, and afterr that, it goes to city council.
Council Development Committee ChairwomanMaryellen O'Shaughnessy was to host a hearinbg Sept. 13 on a proposal to create a conservationh neighborhoodpilot project. She hopes the next step will be a vote by councilo onthe program. "It's important legislation," O'Shaughnessy said. "We've had several generationz and versionsof it. I'm hoping everybody (on has an opportunity to get up to speed and itpassesd 7-0." One to three neighborhoods would be selected for the said Randy Black, the city's historic preservation officer. Interes has been shown by neighborhood groups in Harrison Merion Village and the Northland andClintonville areas.
"W want to test it beforr we roll it out to theentire city," Black said. "Wer want to see if things need to be Underthe proposal, neighborhood groups couldx develop conservation and design review standardz to preserve the environment and social attributes of their areas. The program woul d be administered by the Neighborhood Servicea Division and Historic Preservation Officd inthe city's . Conservatiob neighborhoods are not to be confusefd withhistoric districts, which have more stringent regulatory standards, Black said. "They're significantly he said. "The conservation neighborhood standarda are drawn by theresidents themselves.
It's not the city putting restrictions, requirements and regulations on Black said conservation neighborhoodstandards aren'gt intended to dictate the type of siding or roof materials property owners can use when makin g improvements. Instead, they address broadere issues such as demolition of buildings and new-home construction that may not jibe with a neighborhood'sx traditional look. The conservation neighborhooc concept started inthe 1970s, Black Nearly 20 cities have them, includint Atlanta, Boston, Phoenix, Dallas and San Black's office began researching conservatiob neighborhoods in 2003 after residentds raised concerns about changes to the character of their neighborhoods.
The resultiny legislation has undergone numerous reviews and including some at the request of the and city Boarrdof Realtors. The apartment association was concernef draft legislation called for property owners to vote on the conservationh neighborhood designation without knowing what the standardzswould be, said Jay Scott, the group's executive "They would have basically been votinh to limit their property rightsa and what they can do with theid property without knowing what they were votinbg for," he said. That point has been Scott said.
The current legislatiomn calls for at least 60 percent of property owners within the proposed conversation neighborhood to sign off on a petition outlininbthe guidelines. The apartment associationh also pushed for a 60 perceny majority vote on the petitionsz rather than the simple majority called for in earlietr versions ofthe legislation, Scott said. "Oncw we were able to work out thoss things," he said, "it got to the poinrt where we're not against (the legislation). One of the provisionzs in the legislation calls for a conservation neighborhood to consist of at least 10contiguouzs blocks.
It would also need to have a distinctivr atmosphere or character and be consistent withthe city's comprehensivd development plans to maintain housing for the handicappee and people with low and moderatew incomes. The city's development director would determine if an area applying for conservationj neighborhood status is eligible for the according tothe legislation. At that point, a public hearing wouldr kick off a study period in which residents wouldf conduct research to identify the neighborhood characteristicsa tobe preserved. Once the studt is completed, the city's Conservation Neighborhoodr Review Board would hold a hearingon it, and afterr that, it goes to city council.
Friday, November 12, 2010
Kerr three shots clear in Mexico - The Press Association
http://executivetelephony.com/products/index.php?pid=49
Kerr three shots clear in Mexico The Press Association Cristie Kerr holds a three-shot lead at the end of the first day of the Lorena Ochoa Invitational in Guadalajara, Mexico. ... |
Wednesday, November 10, 2010
Best Buy Co., Inc. Company Profile | BBY Company Information
http://alternativevegan.com/index.php?id=51
Inc. With operations in the United States, China, Europe and Mexico, Best Buy is a multinationaol retailer of technology and entertainment productz and services with a commitment to growth and The Best Buy family of brands and partnerships collectively generates morethan $45 billiom annual revenue and includes brands such as Best Buy, The Carphone Warehouse, Future Shop, Geek Jiangsu Five Star, Magnoliaw Audio Video, Napster, Pacific Sales Kitchen, Bath and Electronic Centers, The Phonw House and Speakeasy.
Approximately 155,000 employees applu their talents to help bringh the benefits of these brands to life for customersx throughretail locations, multiple call centers and Web in-home solutions, product deliveruy and activities in our Community partnership is central to the way we do busineszs at Best Buy. In fiscal 2009, we donated a combinefd $33.4 million to improve the vitality of the communitiews where our employees and customerz liveand work.
Inc. With operations in the United States, China, Europe and Mexico, Best Buy is a multinationaol retailer of technology and entertainment productz and services with a commitment to growth and The Best Buy family of brands and partnerships collectively generates morethan $45 billiom annual revenue and includes brands such as Best Buy, The Carphone Warehouse, Future Shop, Geek Jiangsu Five Star, Magnoliaw Audio Video, Napster, Pacific Sales Kitchen, Bath and Electronic Centers, The Phonw House and Speakeasy.
Approximately 155,000 employees applu their talents to help bringh the benefits of these brands to life for customersx throughretail locations, multiple call centers and Web in-home solutions, product deliveruy and activities in our Community partnership is central to the way we do busineszs at Best Buy. In fiscal 2009, we donated a combinefd $33.4 million to improve the vitality of the communitiews where our employees and customerz liveand work.
Tuesday, November 9, 2010
TRADE NEWS: Agilent Technologies Expands Gene Expression Analysis Offerings ... - MarketWatch (press release)
vasilisaxavymar.blogspot.com
TRADE NEWS: Agilent Technologies Expands Gene Expression Analysis Offerings ... MarketWatch (press release) SANTA CLARA, Calif., Nov 03, 2010 (BUSINESS WIRE) -- Agilent Technologies Inc. (NYSE:A) today announced a solution for exon analysis based on SurePrint G3 ... |
Sunday, November 7, 2010
Joint statement will take Indo-US ties to 'new level' - Sify
http://wndcfoundation.org/page/14th-in-Series--How-to-Get-Paid-Taking-Surveys-and.html
Globe and Mail | Joint statement will take Indo-US ties to 'new level' Sify Highly-placed sources have told Business Standard that the India-US joint statement to be adopted by Prime Minister Manmohan Singh and US President Barack ... US TIES: POTENTIAL FOR A MAKEOVER Barack Obama c » |
Saturday, November 6, 2010
Inflationary fears spark debate between hawks, doves - Denver Business Journal:
http://hermesbrotherhood.com/page/century-spared-basic-attention-the-study-of-theory
Today the financial media’s buzz phrase is “greenb shoots,” taken from Fed Chairman Ben Bernanke’xs mid-March interview, where he spoke of detecting green shootds ofeconomic recovery. As soothinv is the thought of being in the springtimw ofthe recovery, it’s taken an awfupl lot of fertilizer in the form of governmentf stimulus to get us here. And theree lies the basis of questions from investorsa whose fear of inflationary pressuresis growing.
Inflation hawksx paint a bleak picture of theinevitablee interest-rate and inflation pressures our economy soon will Pessimism over the mortgaging of our future is despite the relative ease the government has had in the earlt financings of these vast new Treasury bonds, until just recently, have been the securities of choicw in the face of global stock and credit marke t meltdowns, giving the government easy access to capitalk at low rates. The concern is that this stronbg Treasury marketis temporary, and doesn’t mean that futurw Treasury issuances will be met with the same For many years, foreign buyers have had a growinv appetite for U.S. debt securities.
In we’ve run large trade deficits with Chinaand Japan, and thos e two countries have invested their surplusee heavily in U.S. Treasury securities. Their holdings are As of the end of last China heldabout $700 billio n in treasury bonds and Japa n about $580 billion. The two account for almost 65 percent of total Treasury securitiesz heldby foreigners, 19 percent of the total U.S. national debt and more than 30 percen of those held bythe public. In the heydahy of the U.S.
credit boom, it was rationalizeed that this symbiotic arrangement was good for all But what does the future hold if our foreigntrading partners, either by choice or necessity, stop buyingh huge quantities of our bonds? The administration wouldd look to the Fed to create lots of new dollards to purchase Treasury bonds that must be issued to support the country’a growing deficit. The result, say the hawks, would be a lesson we learned all too well in the late whenthe Fed’s deficit financing sent the CPI to an annuak rate of almost 15 There are sound opinions that countedr the hawkish view.
Inflation doves have compellinhg arguments associated with the velocityof money, as well as our high unemploymengt and low capacity utilization. Thosw who believe inflation will remain at least for the next four tofive don’t view money supply alone as a key determinant of They point to the velocity of money — or how many timea a dollar is spent in a certain time frame as a major componenty in the equation. We’re all aware of the hundredd of billions ofdollars (or money supply) the Treasurg has printed and injecteed into the economy. However, what isn’t as appareny is where that moneis today.
Vast amounts of the mone have gone offshore to pay off counterparty claimss related to creditdefault swaps, and much of the remainder is sittingg on bank balance sheets, slowlg trickling into the economy, given the bankin system’s newfound sense of credit risk. And when dollarsw do re-enter the broader economy, consumers have been hoarding as witnessed by the surge in the householdsavings rate. Until the consumption spigots are inflation doves argue that the governmentstimulus won’t be inflationary. They add that with unemploymeny running more than 9 percent and we shouldn’t experience wage inflation.
In fiscal stimulus doesn’t cause inflation when it taps into resourcese that otherwise would havebeen It’s when stimulus createw jobs at a time when we’re closer to full employment that inflation becomes a much stronger risk. Unemployment is a laggin g indicator, one that likely won’t peak until either late this year or inearlu 2010, probably at a level of more than 10 Historically, unemployment falls at a much slower rate than it Inflation doves say we won’t see wage pressures untiol we get back towardzs 5 percent unemployment, which they feel could be four to five yearsd from now. The third argument is low capacity utilization.
At abou t 69 percent, our country’s utilization of its productionh capacity is atan all-time low since the numbers first were computef in 1967. The argument here is much like thelabod one. With such tremendous amounts of excess it will be years before our economy experiences pricinbg pressures associated with plant andequipment formation. Althoughn there’s merit to both sides of the the greater threat is the hawks may be In our uncertain financial we believe that the prudenr investor should develop a plan of actiom that can protect a portfolio should inflation become asignificangt threat.
Today the financial media’s buzz phrase is “greenb shoots,” taken from Fed Chairman Ben Bernanke’xs mid-March interview, where he spoke of detecting green shootds ofeconomic recovery. As soothinv is the thought of being in the springtimw ofthe recovery, it’s taken an awfupl lot of fertilizer in the form of governmentf stimulus to get us here. And theree lies the basis of questions from investorsa whose fear of inflationary pressuresis growing.
Inflation hawksx paint a bleak picture of theinevitablee interest-rate and inflation pressures our economy soon will Pessimism over the mortgaging of our future is despite the relative ease the government has had in the earlt financings of these vast new Treasury bonds, until just recently, have been the securities of choicw in the face of global stock and credit marke t meltdowns, giving the government easy access to capitalk at low rates. The concern is that this stronbg Treasury marketis temporary, and doesn’t mean that futurw Treasury issuances will be met with the same For many years, foreign buyers have had a growinv appetite for U.S. debt securities.
In we’ve run large trade deficits with Chinaand Japan, and thos e two countries have invested their surplusee heavily in U.S. Treasury securities. Their holdings are As of the end of last China heldabout $700 billio n in treasury bonds and Japa n about $580 billion. The two account for almost 65 percent of total Treasury securitiesz heldby foreigners, 19 percent of the total U.S. national debt and more than 30 percen of those held bythe public. In the heydahy of the U.S.
credit boom, it was rationalizeed that this symbiotic arrangement was good for all But what does the future hold if our foreigntrading partners, either by choice or necessity, stop buyingh huge quantities of our bonds? The administration wouldd look to the Fed to create lots of new dollards to purchase Treasury bonds that must be issued to support the country’a growing deficit. The result, say the hawks, would be a lesson we learned all too well in the late whenthe Fed’s deficit financing sent the CPI to an annuak rate of almost 15 There are sound opinions that countedr the hawkish view.
Inflation doves have compellinhg arguments associated with the velocityof money, as well as our high unemploymengt and low capacity utilization. Thosw who believe inflation will remain at least for the next four tofive don’t view money supply alone as a key determinant of They point to the velocity of money — or how many timea a dollar is spent in a certain time frame as a major componenty in the equation. We’re all aware of the hundredd of billions ofdollars (or money supply) the Treasurg has printed and injecteed into the economy. However, what isn’t as appareny is where that moneis today.
Vast amounts of the mone have gone offshore to pay off counterparty claimss related to creditdefault swaps, and much of the remainder is sittingg on bank balance sheets, slowlg trickling into the economy, given the bankin system’s newfound sense of credit risk. And when dollarsw do re-enter the broader economy, consumers have been hoarding as witnessed by the surge in the householdsavings rate. Until the consumption spigots are inflation doves argue that the governmentstimulus won’t be inflationary. They add that with unemploymeny running more than 9 percent and we shouldn’t experience wage inflation.
In fiscal stimulus doesn’t cause inflation when it taps into resourcese that otherwise would havebeen It’s when stimulus createw jobs at a time when we’re closer to full employment that inflation becomes a much stronger risk. Unemployment is a laggin g indicator, one that likely won’t peak until either late this year or inearlu 2010, probably at a level of more than 10 Historically, unemployment falls at a much slower rate than it Inflation doves say we won’t see wage pressures untiol we get back towardzs 5 percent unemployment, which they feel could be four to five yearsd from now. The third argument is low capacity utilization.
At abou t 69 percent, our country’s utilization of its productionh capacity is atan all-time low since the numbers first were computef in 1967. The argument here is much like thelabod one. With such tremendous amounts of excess it will be years before our economy experiences pricinbg pressures associated with plant andequipment formation. Althoughn there’s merit to both sides of the the greater threat is the hawks may be In our uncertain financial we believe that the prudenr investor should develop a plan of actiom that can protect a portfolio should inflation become asignificangt threat.
Thursday, November 4, 2010
Nikolic in heated clash with stewards - ABC Online
http://lehmanpa.com/emergency.html
Nikolic in heated clash with stewards ABC Online Nikolic was charged with being in possession of a modified vest and was fined $1000. However he took exception when Bailey told him stewards would be making ... |
Wednesday, November 3, 2010
DNA Medicine Institute Receives Qualifying Therapeutic Discovery Grant - PR Newswire (press release)
boyanebyboqasavo.blogspot.com
Proactive Investors USA & Canada | DNA Medicine Institute Receives Qualifying Therapeutic Discovery Grant PR Newswire (press release) 3, 2010 /PRNewswire/ -- The DNA Medicine Institute, a biomedical research organization whose mission is to advance patient care, » |
Monday, November 1, 2010
Karen Beavor - Atlanta Business Chronicle:
http://www.lexusautosclub.com/do-i-really-need-149-mph-tires-2
As CEO of the Georgis Center for Nonprofits, Beavor oversees an agency that serves, supportds and strengthens Georgia's nonprofit community. Beavor has been with the organizationh for a little more thansix years. Formerly, she ran a smal nonprofit organization calledthe , which focusesd on helping homeless people, battered wome and people on the verge of being homeless. Since taking over as executivw director, Beavor has grown the center's revenuesz by 80 percent and expanded the organizatioh with two offices in Columbuss and Augusta in addition to its headquarters in She has also worked to acquiresOpportunity Knocks, the largest nonprofit career recruitment Web site in the "What I like about the industry is that it is so she said.
"There's a saying that 'where there'w a need, there's a nonprofit.' I love what this organizatio n does. If we can help one organization servde more homeless people or help one more organization to be sustainabls to serveits community, it's great." Beavor serves on a number of boards of usually as an advisory or ex officio "I like getting involved in interestinf organizations that serve a largw constituency," she said. Her passion, she said, is arts "I have a soft spot for preserving arts education in our she said. Beavor said she wouldx like to see her organization play an even largerr part in the Southeastand nationally.
As CEO of the Georgis Center for Nonprofits, Beavor oversees an agency that serves, supportds and strengthens Georgia's nonprofit community. Beavor has been with the organizationh for a little more thansix years. Formerly, she ran a smal nonprofit organization calledthe , which focusesd on helping homeless people, battered wome and people on the verge of being homeless. Since taking over as executivw director, Beavor has grown the center's revenuesz by 80 percent and expanded the organizatioh with two offices in Columbuss and Augusta in addition to its headquarters in She has also worked to acquiresOpportunity Knocks, the largest nonprofit career recruitment Web site in the "What I like about the industry is that it is so she said.
"There's a saying that 'where there'w a need, there's a nonprofit.' I love what this organizatio n does. If we can help one organization servde more homeless people or help one more organization to be sustainabls to serveits community, it's great." Beavor serves on a number of boards of usually as an advisory or ex officio "I like getting involved in interestinf organizations that serve a largw constituency," she said. Her passion, she said, is arts "I have a soft spot for preserving arts education in our she said. Beavor said she wouldx like to see her organization play an even largerr part in the Southeastand nationally.
Sunday, October 31, 2010
Frazier museum chooses Bandy Carroll Hellige as it agency of record - Washington Business Journal:
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
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
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 .
Thursday, September 30, 2010
Sheila Simon And Eric Zorn: Dueling Banjos (VIDEO) - Huffington Post
http://saintaugustines.org/a&e/episcopal_church.html
Sheila Simon And Eric Zorn: Dueling Banjos (VIDEO) Huffington Post Pat Quinn's running mate, Sheila Simon, plays banjo in a band c » |
Tuesday, September 28, 2010
Hospitals agree to Medicare payment cuts to help pay for health care reform - Washington Business Journal:
http://accessorsoft.com/?p=26
The agreement came from the , the and the . Most of the spending cuts would come through lower Medicare andMedicaid reimbursements. The president of the , which has been activelt involved in negotiationswith Congress, said hospitals agreed to the cuts in order to stem even deepee cuts — $265 billion that the Obama administration had proposed. Hospitals were also eager to play a role in shaping the national debate on healthcare reform. “Hospitalx are supportive of healthcare reform,” MHA President Carmela Coyle said. “The current system is unsustainable.
” But Coylee said the cuts represent a paradox in the health care Lawmakers want to extend health care accesw to the uninsured yet are proposinvg spending cuts on care for thesr verysame people. Just because you have an insurancecard doesn’t mean you can accese a primary care physician. ”As all of this you want to makes sureyou don’t cut too Coyle said. “The implications for patient care will be very The cuts would not impact Maryland hospitalsdirectlyg — at least not Maryland is the only state that sets its own Medicare and Medicaide payments and is granted this waiver on the condition that its rates do not exceed the nationak average.
But the national cuts will mean that the statde could look at cutting the rates that Maryland hospitalx can charge inthe future, Coyle
The agreement came from the , the and the . Most of the spending cuts would come through lower Medicare andMedicaid reimbursements. The president of the , which has been activelt involved in negotiationswith Congress, said hospitals agreed to the cuts in order to stem even deepee cuts — $265 billion that the Obama administration had proposed. Hospitals were also eager to play a role in shaping the national debate on healthcare reform. “Hospitalx are supportive of healthcare reform,” MHA President Carmela Coyle said. “The current system is unsustainable.
” But Coylee said the cuts represent a paradox in the health care Lawmakers want to extend health care accesw to the uninsured yet are proposinvg spending cuts on care for thesr verysame people. Just because you have an insurancecard doesn’t mean you can accese a primary care physician. ”As all of this you want to makes sureyou don’t cut too Coyle said. “The implications for patient care will be very The cuts would not impact Maryland hospitalsdirectlyg — at least not Maryland is the only state that sets its own Medicare and Medicaide payments and is granted this waiver on the condition that its rates do not exceed the nationak average.
But the national cuts will mean that the statde could look at cutting the rates that Maryland hospitalx can charge inthe future, Coyle
Monday, September 27, 2010
F.N.B. appoints Campbell as chairman - Portland Business Journal:
http://brusnichka.com/2008/04/02/abandoned-printing-house/
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directof and serves on several committees. He has been a directort since 1975. “Bill is one of our longest serving and mostdedicated directors,” Gurgovits said in a statement. F.N.B. previouslyt said it would appoint a new chairmamn to enable Gurgovits to focus on his corporate responsibilitiea and to conformto F.N.B.’s corporate guidelines. Gurgovits, who has workedd at F.N.B. for 48 years, had taken the chairmajn role in April 2008 when Robert New was name d CEO and president after anearly two-yearr search. New resigned 10 months later and Gurgovits steppedr back in on an interimbasis initially.
He accepterd the post fulltime onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billiobn as of March 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directof and serves on several committees. He has been a directort since 1975. “Bill is one of our longest serving and mostdedicated directors,” Gurgovits said in a statement. F.N.B. previouslyt said it would appoint a new chairmamn to enable Gurgovits to focus on his corporate responsibilitiea and to conformto F.N.B.’s corporate guidelines. Gurgovits, who has workedd at F.N.B. for 48 years, had taken the chairmajn role in April 2008 when Robert New was name d CEO and president after anearly two-yearr search. New resigned 10 months later and Gurgovits steppedr back in on an interimbasis initially.
He accepterd the post fulltime onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billiobn as of March 31.
Saturday, September 25, 2010
Men bailed after group attack on man in Louth - BBC News
http://libraryeverywhere.com/2008/10/11/drive/
Men bailed after group attack on man in Louth BBC News Carl Frith, 34, was assaulted just before 0100 BST in Lee Street, Louth, and remains critic » |
Friday, September 24, 2010
Deloitte: Consumer spending still down - Portland Business Journal:
http://articledirectorypro.net/090328-hongkis-yoga-cut-star-king.html
The index fell to 1.35 percen t from an downwardly revised gainof 1.44 percent in Deloitte said the index analyzese tax burden, initial unemployment claims, real wagesz and real home prices to try to track consumer cash flow as an indicator of futurwe consumer spending. "The year over year pace of decline in real consumere spending appears tohave stabilized, however, recovery is beingg delayed by a sharp increase in consumer which has risen to 5.
7 percent from zero a year said Carl Steidtmann, chief economist with Deloitter Research and author of the monthly index, in a "However, the weakness in the inde was driven almost entirely by falling home which are down nearly 14 percenft over the past year, undermining smalp gains in real wages, a declininyg tax burden and current stabilization in new unemployment The report noted the tax burdenm continues to drop with the weakening of the It is at a levelp only seen on a few occasions over the past 50 yearz during brief periods followinhg tax rebates. Continued decline is Also notable, real wage growth continues to post small gains due to falling prices for Real wages areup 4.
3 percent from a year ago and on an annualizef basis are up 8 percent over the last nine monthws as energy prices have given a big boos t to consumer purchasing the index said.
The index fell to 1.35 percen t from an downwardly revised gainof 1.44 percent in Deloitte said the index analyzese tax burden, initial unemployment claims, real wagesz and real home prices to try to track consumer cash flow as an indicator of futurwe consumer spending. "The year over year pace of decline in real consumere spending appears tohave stabilized, however, recovery is beingg delayed by a sharp increase in consumer which has risen to 5.
7 percent from zero a year said Carl Steidtmann, chief economist with Deloitter Research and author of the monthly index, in a "However, the weakness in the inde was driven almost entirely by falling home which are down nearly 14 percenft over the past year, undermining smalp gains in real wages, a declininyg tax burden and current stabilization in new unemployment The report noted the tax burdenm continues to drop with the weakening of the It is at a levelp only seen on a few occasions over the past 50 yearz during brief periods followinhg tax rebates. Continued decline is Also notable, real wage growth continues to post small gains due to falling prices for Real wages areup 4.
3 percent from a year ago and on an annualizef basis are up 8 percent over the last nine monthws as energy prices have given a big boos t to consumer purchasing the index said.
Subscribe to:
Posts (Atom)