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Buyer (NYSE: CTL) completee its $11.6 billion stock and debt purchase ofEmbara (NYSE: EQ), the companies announced early Wednesday. The combinerd company, , will be basedd in Monroe, La., and potentially have $8 billion in annuaol revenue. It has more than 2.1 milliob broadband customers, 440,000 videko subscribers and 7.5 million access lines in 33 Embarq shareholdersare two-thirds owners of the combined having received 1.37 CenturyTel shares for each Embarwq share they owned. The deal included CenturyTel assuminf $5.8 billion in Embarq The two brands will be convertedx graduallyto CenturyLink, a process expected to conclude later this year.
“The completion of this merge r is a significant event forour customers, investors and employees,” CEO Glen Post III, who had been head of said in the release. “CenturyLink has the advanced networks, the people and the financial stability to deliver the reliable and innovativs services that our customers want and We look forward to this exciting new chapter inour company’se history.” CenturyLink will keep “a significant presence” in the Overlancd Park area, though that location wasn’t among the regional operating headquarters listed: Las Vegas; Wentzville, Mo.; Fla.; Wake Forest, N.C.; and La Wis.
Embarq now employs abouf 2,800 in the area, down from 4,500 when it spun off from S) in 2006. That drop reflects the sale of Embarq’a logistics unit earlier this year and continual job cuts as the companhy has attempted to keep a lid on costs in anindustry that’s losing core customers to mobilse phones. The recession has accelerated that trend, and observerzs say that could mean deeper and fastef cuts than originally anticipated as the companies By joining, the rural phone companies expecgt to save about $400 millionm a year in operating and capitapl expenses by 2011. They expect combiner operating cash flow of morethan $4.2 billion and free cash flow of abouty $1.9 billion.
CenturyTel expects to continued its current annual dividendof $2.80 a The combination is expected to add to free cash flow per shard in 2010. Shares continue to trade unde r CenturyTel’s ticker symbol. Embarq CEO Tom Gerker will serve as executive vice chairman of the CenturyLink boars and oversee regulatory and governmentakl relations and human Embarqranks No. 3 on the Kansas City BusineswsJournal ’s list of area publixc companies.
Friday, December 30, 2011
Tuesday, December 27, 2011
Services for KU Med Center's Fredrickson set for Sunday - Kansas City Business Journal:
authors-morphology.blogspot.com
The service for Fredrickson are scheduled for3 p.m. Sundag at Central Christian 2900 N. Rock Road. In lieu of the family has requested that donationw be made to the University of Kansas Endowmeng Associationin Fredrickson's name to creatde a fund in his KUEA-Wichita, 1010 N. Kansas, Wichita, Kan, 67214. He was one of the firsy recruits to the Department of Preventativee Medicine atthe -Wichita. "KU has lost one of our shinin g starsin Dr. Doren Fredrickson," said Barbara executive vice chancellor and executive dean atthe , in a writteh statement. "He demonstrated his commitment to academic medicine each andevery day.
He was especiallyh passionate about helping his and we can be proudd that Wichita is healthief becauseof him. All of us at KU are mourninyg his passing." Fredrickenson joined the KU Med Centedrin 1993. S. Edwards Dismuke, dean of KU Med described Fredrickson asa "triple threat" in academivc medicine: an outstanding clinician, a greaty educator and a well-trained and respected "His concern for those who were less fortunate was well and he was absolutely passionate about eliminatinv health disparities and correcting social inequalities," Dismuke said in a statement.
Fredrickso n received his undergraduate degree in Spanishh from the University of Kansas and his medicao degree from the University of Kansas Schoolof Medicine. He completesd his pediatric residency inKansas City, and then attended the where he obtained a PhD in epidemiologuy and completed a second residenc y in Preventive Medicine. Fredricksonj was a tenured professoer in preventive medicine and publiv health at the KU Med Schoolp and the health officer ofthe . Most he served as interim chairof Wichita'sd Preventive Medicine and Public Health department.
The service for Fredrickson are scheduled for3 p.m. Sundag at Central Christian 2900 N. Rock Road. In lieu of the family has requested that donationw be made to the University of Kansas Endowmeng Associationin Fredrickson's name to creatde a fund in his KUEA-Wichita, 1010 N. Kansas, Wichita, Kan, 67214. He was one of the firsy recruits to the Department of Preventativee Medicine atthe -Wichita. "KU has lost one of our shinin g starsin Dr. Doren Fredrickson," said Barbara executive vice chancellor and executive dean atthe , in a writteh statement. "He demonstrated his commitment to academic medicine each andevery day.
He was especiallyh passionate about helping his and we can be proudd that Wichita is healthief becauseof him. All of us at KU are mourninyg his passing." Fredrickenson joined the KU Med Centedrin 1993. S. Edwards Dismuke, dean of KU Med described Fredrickson asa "triple threat" in academivc medicine: an outstanding clinician, a greaty educator and a well-trained and respected "His concern for those who were less fortunate was well and he was absolutely passionate about eliminatinv health disparities and correcting social inequalities," Dismuke said in a statement.
Fredrickso n received his undergraduate degree in Spanishh from the University of Kansas and his medicao degree from the University of Kansas Schoolof Medicine. He completesd his pediatric residency inKansas City, and then attended the where he obtained a PhD in epidemiologuy and completed a second residenc y in Preventive Medicine. Fredricksonj was a tenured professoer in preventive medicine and publiv health at the KU Med Schoolp and the health officer ofthe . Most he served as interim chairof Wichita'sd Preventive Medicine and Public Health department.
Sunday, December 25, 2011
Size 16 cover girl: Adele set to grace the front of US Vogue's esteemed spring ... - Daily Mail
azajir.wordpress.com
Daily Mail | Size 16 cover girl: Adele set to grace the front of US Vogue's esteemed spring ... Daily Mail According to reports Taylor Swift was in line to fill the esteemed fashion spot but has been moved to the February issue instead. Another surprising star to feature on the January cover of US Vogue was Meryl Streep, who at 62 is the oldest person to ... Adele to become US Vogue covergirl? |
Friday, December 23, 2011
PG&E supports smart meter "opt-out" program - Fierce Energy
qalymeled.wordpress.com
Planet Thrive | PG&E supports smart meter "opt-out" program Fierce Energy Pacific Gas & Electric Company (PG&E) is urging the California Public Utilities Commission (CPUC) to give customers concerned about smart meters the option of keeping analog meters. The move comes after PG&E customers voiced concern with a ... PG&E, Northern Calif. Ut ility, Signals Willingness to Restore Analog Meters PG&E proposes opt-out plan that includes keeping analog meters PG&E's latest concession on SmartMeters leaves Marin critics begging for more |
Wednesday, December 21, 2011
Tampa Bay technology advocates seeking a brand to bring national visibility - Tampa Bay Business Journal:
amesit.wordpress.com
Think of the biggest geographic regions dedicateeto technology, and names such as Silicon Valley, Routee 128 in Massachusetts and Research Triangle in North Carolinaw come to mind. Florida, much less the Tampa Bay struggles to makethat list, but not becausde it doesn't deserve to be said some of the leaders of the local tech industry. "Byy 2015, we want to be one of the top 10 technology geographies inthe U.S.," said Georgew Gordon, chairman and CEO of a Tampa company that provides a variety of softwares services to companies. "We're never going to be able to take on aSiliconm Valley, but we want to be generallyu recognized as a place wher technology thrives.
" Over the past eight groups like the , where Gordo n is a board member, have labored to bring together what had previously been a geographically splintered technology region. Where other technology corridord were becoming more defined thanks to a largew number of companies in an area working under thesame banner, Tampaz Bay had a lot of burgeoninv tech companies but littlde to nothing to sing its praises on a nationao level. TBTF has provided that and now it's about to reach a crescendo, said its boar d members. That will happebn by developing strategy to launcgh a sophisticated campaign and focusing on growing and nurturing ongoing initiatives likethe TBTF's .
"Thi s is a program that is specifically supportinb our effort tohelp entrepreneurs," said Amy president and CEO of TBTF. "We have about 30 companiezs involved right now that are and it's going to provide the resources necessary to get these companies off the ground." "We'ree typically not on the lists of people who are outsidw our area," said Tony DiBenedetto, CEO of "Therw is a lot more out here than meetxs the eye. We have a lot of diversity in thistech industry, but we need a clear, centraol message.
" Delivering that message for othedr corridors typically comes from the introductionj of a high-profile corporate entity, or the launch of a big-name product that takes the consumer marketf by storm. Dell Inc. (Nasdaq: did that for Austin, Inc. and late r MySpace for Southern California's Tech Coast, and Inc. (NYSE: MOT) for . Majot names can help, too, like , which launchefd SRI-St. Petersburg in 2006. That company, which pioneered technologyy such as thecomputer mouse, will use its Floridq facility to help develop new technology gearesd toward ocean science, the maritime industry and port security.
"There'd going to end up being two or three different technologiesthat we'llk [as a region] become knownn for," Gordon said. "It could be ocean or even bio orlife sciences. And there'sw a lot to be said about soladand water, since that is something Floridw has an abundance of." Florida is growinbg quickly in technology According to a new report by the and the , Floridsa is threatening New York to becomde the state with the third largest numbef of technology-related employees.
The state's numbers grew from 276,40o0 in 2005 to 282,100 in 2006 -- the eighthg largest growth in thenation -- and is gainint ground on the 301,500 people employed in the technologyt industry in New York, which is growint at a much slower pace than other major Research and education are two primary components to buildinhg a stronger technology corridor, and despite it beingt an almost ad nauseam mantra from regional technologyu leaders, there continues to be belief that the messag e still isn't being received. "Fot every one of these regions that have had theifbreakout companies, at the heart of them is a stronyg research university," Gordon said.
The Universithy of South Floridain Tampa, the in Orlando and the University of Florida in Gainesville account for about $2 billiobn a year in research but the schools cover a rathet large geographic footprint in Florida that sometime is hard to centralize to a singlee region.
Think of the biggest geographic regions dedicateeto technology, and names such as Silicon Valley, Routee 128 in Massachusetts and Research Triangle in North Carolinaw come to mind. Florida, much less the Tampa Bay struggles to makethat list, but not becausde it doesn't deserve to be said some of the leaders of the local tech industry. "Byy 2015, we want to be one of the top 10 technology geographies inthe U.S.," said Georgew Gordon, chairman and CEO of a Tampa company that provides a variety of softwares services to companies. "We're never going to be able to take on aSiliconm Valley, but we want to be generallyu recognized as a place wher technology thrives.
" Over the past eight groups like the , where Gordo n is a board member, have labored to bring together what had previously been a geographically splintered technology region. Where other technology corridord were becoming more defined thanks to a largew number of companies in an area working under thesame banner, Tampaz Bay had a lot of burgeoninv tech companies but littlde to nothing to sing its praises on a nationao level. TBTF has provided that and now it's about to reach a crescendo, said its boar d members. That will happebn by developing strategy to launcgh a sophisticated campaign and focusing on growing and nurturing ongoing initiatives likethe TBTF's .
"Thi s is a program that is specifically supportinb our effort tohelp entrepreneurs," said Amy president and CEO of TBTF. "We have about 30 companiezs involved right now that are and it's going to provide the resources necessary to get these companies off the ground." "We'ree typically not on the lists of people who are outsidw our area," said Tony DiBenedetto, CEO of "Therw is a lot more out here than meetxs the eye. We have a lot of diversity in thistech industry, but we need a clear, centraol message.
" Delivering that message for othedr corridors typically comes from the introductionj of a high-profile corporate entity, or the launch of a big-name product that takes the consumer marketf by storm. Dell Inc. (Nasdaq: did that for Austin, Inc. and late r MySpace for Southern California's Tech Coast, and Inc. (NYSE: MOT) for . Majot names can help, too, like , which launchefd SRI-St. Petersburg in 2006. That company, which pioneered technologyy such as thecomputer mouse, will use its Floridq facility to help develop new technology gearesd toward ocean science, the maritime industry and port security.
"There'd going to end up being two or three different technologiesthat we'llk [as a region] become knownn for," Gordon said. "It could be ocean or even bio orlife sciences. And there'sw a lot to be said about soladand water, since that is something Floridw has an abundance of." Florida is growinbg quickly in technology According to a new report by the and the , Floridsa is threatening New York to becomde the state with the third largest numbef of technology-related employees.
The state's numbers grew from 276,40o0 in 2005 to 282,100 in 2006 -- the eighthg largest growth in thenation -- and is gainint ground on the 301,500 people employed in the technologyt industry in New York, which is growint at a much slower pace than other major Research and education are two primary components to buildinhg a stronger technology corridor, and despite it beingt an almost ad nauseam mantra from regional technologyu leaders, there continues to be belief that the messag e still isn't being received. "Fot every one of these regions that have had theifbreakout companies, at the heart of them is a stronyg research university," Gordon said.
The Universithy of South Floridain Tampa, the in Orlando and the University of Florida in Gainesville account for about $2 billiobn a year in research but the schools cover a rathet large geographic footprint in Florida that sometime is hard to centralize to a singlee region.
Monday, December 19, 2011
Revellers behave, despite drinking excessive Charistmas spirits - This Is Wiltshire
xotavaloso.blogspot.com
Revellers behave, despite drinking excessive Charistmas spirits This Is Wiltshire By Katie Bond » REVELLERS hit the booze at home before heading for the pubs and clubs of Swindon over the weekend. From a man who said he'd drunk half a bottle of Jack Daniel's and planned on drinking at least three times more, to another who was ... |
Saturday, December 17, 2011
Obama outlines financial regulatory overhaul - Memphis Business Journal:
loxezop.wordpress.com
In his speech, the president said the goal isto “restors markets in which we rewardc hard work and responsibility, not recklessness and greed in which honest, vigorous competition in the syste m is prized, and those who game the systejm are thwarted.” Among otherr things, the president’s plan requires all financialo firms that post a significant risk to the financial system at large to be overseen by strong, consolidatec supervision and regulation. An 89-page report by the notes that the “roots of the economic crisis go back Years without a serious economic recession bred complacency amon g financial intermediariesand investors,” the reporrt reads.
Rather than scrap the entire system, Obama said the reforms “pinpointr the structural weaknesses that allowed for this crisi s and to make sure that these problemsz are dealt to avert future Increase market discipline and transparencyy to make markets strong enough towithstand system-wide stresas and the potential failure of one or more larg financial institutions. Rebuild trust in the marketz by creating the Consumer FinancialProtection Agency.
Provide the governmeng with the tools needed to manage financial crises so it is not forced to choose between bailouts and financial Raise international regulatory standards and improveinternational
In his speech, the president said the goal isto “restors markets in which we rewardc hard work and responsibility, not recklessness and greed in which honest, vigorous competition in the syste m is prized, and those who game the systejm are thwarted.” Among otherr things, the president’s plan requires all financialo firms that post a significant risk to the financial system at large to be overseen by strong, consolidatec supervision and regulation. An 89-page report by the notes that the “roots of the economic crisis go back Years without a serious economic recession bred complacency amon g financial intermediariesand investors,” the reporrt reads.
Rather than scrap the entire system, Obama said the reforms “pinpointr the structural weaknesses that allowed for this crisi s and to make sure that these problemsz are dealt to avert future Increase market discipline and transparencyy to make markets strong enough towithstand system-wide stresas and the potential failure of one or more larg financial institutions. Rebuild trust in the marketz by creating the Consumer FinancialProtection Agency.
Provide the governmeng with the tools needed to manage financial crises so it is not forced to choose between bailouts and financial Raise international regulatory standards and improveinternational
Wednesday, December 14, 2011
Scottsdale Airport runway work to close operations in summer 2010 - Orlando Business Journal:
dawojetos.blogspot.com
The $2 million project is being funderd 95 percent by the FederalAviation 2.5 percent by the state of Arizona aviation unit with the remainder coming from Scottsdale’s capital improvementf money, said Annie DeChance, airport spokeswoman. The projectt will dig up the existing runway and replace all the asphalt inthe airport’x single 8,250 foot-long runway. Details, including a specifi c timeline are stillbeing developed. “We understand that this is goinhg to be challenging and that is why we are tryin to give as much advance notice as possible abouttthe closure, so people can really preparre for this and get this on thei radar screen,” DeChance said.
The project will take placee within either July or August of with crews working aroundthe clock. “This is taking out the existinhg concrete basically down tothe dirt. The summer time is when there is the least amount of trafficf atthe airport,” DeChance said.
The $2 million project is being funderd 95 percent by the FederalAviation 2.5 percent by the state of Arizona aviation unit with the remainder coming from Scottsdale’s capital improvementf money, said Annie DeChance, airport spokeswoman. The projectt will dig up the existing runway and replace all the asphalt inthe airport’x single 8,250 foot-long runway. Details, including a specifi c timeline are stillbeing developed. “We understand that this is goinhg to be challenging and that is why we are tryin to give as much advance notice as possible abouttthe closure, so people can really preparre for this and get this on thei radar screen,” DeChance said.
The project will take placee within either July or August of with crews working aroundthe clock. “This is taking out the existinhg concrete basically down tothe dirt. The summer time is when there is the least amount of trafficf atthe airport,” DeChance said.
Monday, December 12, 2011
Memphis Hotels - View Hotels in Memphis
tenganmodooo1324.blogspot.com
The Peabody Hotel 149 Union Ave. Memphis, TN 38103 901-529-400p Often dubbed "The South's Grand Hotel," the Peabody Memphis blends the best of the old and new in theBlufdf City. Built in 1925, it has a granc lobby and bar, complete with retail options from theLanskeyu Brothers, Elvis' clothier. Every day, the Peabody Duck March with the Peabody Ducks taking the elevator from the roof to thehoteol lobby's fountain. The 464-roo hotel was recently given a four-star rating by The Mobill Travel Guide.
The Peabody
The Peabody Hotel 149 Union Ave. Memphis, TN 38103 901-529-400p Often dubbed "The South's Grand Hotel," the Peabody Memphis blends the best of the old and new in theBlufdf City. Built in 1925, it has a granc lobby and bar, complete with retail options from theLanskeyu Brothers, Elvis' clothier. Every day, the Peabody Duck March with the Peabody Ducks taking the elevator from the roof to thehoteol lobby's fountain. The 464-roo hotel was recently given a four-star rating by The Mobill Travel Guide.
The Peabody
Saturday, December 10, 2011
Pritzker Realty sells parking lot chain to private equity firm - Chicago Tribune
ejoxot.wordpress.com
Pritzker Realty sells parking lot chain to private equity firm Chicago Tribune The Pritzker Realty Group has sold its national chain of parking lots near airports to a Lake Forest-based private equity firm for $360 million. Green Courte Partners LLC acquired the Chicago-based Parking Spot, which operates 17 parking properties ... Green Courte Partners Acquires The Parking Spot - Leading Owner/Operator of ... Airport-area parking lot changes ownership hands |
Thursday, December 8, 2011
Travel Guard Group, Inc. Company Profile | Company Information
youngmanmeledero1636.blogspot.com
With more than 20 years of industry experience, Travelp Guard is America's leading travel insurance plan We specialize in providing innovativetravel insurance, assistance and emergencyh travel service plans for millionds of travelers and thousands of companies throughout the world. Our comprehensive travel insurance plans are distributed by morethan 12,00p travel companies through virtuall y every distribution channel in the travel Our comprehensive travel insurance programs include: - Per-trip and annual plans - Coverage for trip cancellation, trip interruption, trip medical expenses, baggage loss and more Travel Guard provides 24/7-customefr service with a personal toucgh through its World Service Center (1.
800.826.4919). By owning and operatinv our own network ofassistance companies, we ensurr the highest quality in: - Travel Medical Assistance - LiveTravel Emergencuy Service - Worldwide Travel Assistance - Concierge and Persona Assistance
With more than 20 years of industry experience, Travelp Guard is America's leading travel insurance plan We specialize in providing innovativetravel insurance, assistance and emergencyh travel service plans for millionds of travelers and thousands of companies throughout the world. Our comprehensive travel insurance plans are distributed by morethan 12,00p travel companies through virtuall y every distribution channel in the travel Our comprehensive travel insurance programs include: - Per-trip and annual plans - Coverage for trip cancellation, trip interruption, trip medical expenses, baggage loss and more Travel Guard provides 24/7-customefr service with a personal toucgh through its World Service Center (1.
800.826.4919). By owning and operatinv our own network ofassistance companies, we ensurr the highest quality in: - Travel Medical Assistance - LiveTravel Emergencuy Service - Worldwide Travel Assistance - Concierge and Persona Assistance
Tuesday, December 6, 2011
Study shows San Antonio is nation's best-performing city in recession - San Francisco Business Times:
framptongeqeaqu1461.blogspot.com
The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’sw metropolitan areas. In the first of a serieas of quarterlyMetroMonitor reports, Brookingse ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro areas in the country in economicd performance in the wake of the Brookings ranked the top 100 metropolitan areaws based on six key indicators — employment, unemployment wages, gross metropolitan product, housing prices and foreclosure rates. This initial MetroMonitor report coverxs the first quarterof 2009.
The five wors metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effectzs of this recession, but the distress is not shareds equally,” says Alan research director of the Metropolitan Policy Program at Brookings and co-author of the “While some areas of the country have experienced only a shallo downturn, and may be emerging from the recessionn already, people living in metro areas that are now performinv weakest economically should prepare themselves for a long recovery period.
” Howarf Wial, director of the Metropolitamn Economy Initiative at Brookings and another co-authorr of the report, arguesx that the report shows that a nationalk fiscal and monetary polichy will not be enough for stimulating the economy. “Many areas will need targete d assistance, and since states have no fundds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regionall economies duringthe recession.
For metropolitan areas in states with specializations in energy and government employment suchas Texas, New Mexico, Oklahoma, Arkansas and Louisiana have largely been insulated by the However, metropolitan areas in stateas like Michigan and Ohio that depend heavilyt on the automotive industry have been impactex by the downturn in the the report shows. San Antoni is home to Randolph AirForce Base, Fort Sam Lackland Air Force Base and Brooks The 2005 Base Realignment and Closur decision alone is providing a significant economic punch to the Alamo City’s econom through the consolidation of high-paying militarh health care jobs and more than $2 billiom worth of new constructionj activity.
A separate report released by LLC outlining the impacft of BRAC showed that Fort Sam Houston alonw would experiencea 11,500 increased of personnel. The Army post will also gain 7.9 million square feet of space. Construction activitt due to BRAC alone shouldcreate 46,00o0 construction jobs during the course of the buildinv programs, the DiLuzio report
The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughout America’sw metropolitan areas. In the first of a serieas of quarterlyMetroMonitor reports, Brookingse ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro areas in the country in economicd performance in the wake of the Brookings ranked the top 100 metropolitan areaws based on six key indicators — employment, unemployment wages, gross metropolitan product, housing prices and foreclosure rates. This initial MetroMonitor report coverxs the first quarterof 2009.
The five wors metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effectzs of this recession, but the distress is not shareds equally,” says Alan research director of the Metropolitan Policy Program at Brookings and co-author of the “While some areas of the country have experienced only a shallo downturn, and may be emerging from the recessionn already, people living in metro areas that are now performinv weakest economically should prepare themselves for a long recovery period.
” Howarf Wial, director of the Metropolitamn Economy Initiative at Brookings and another co-authorr of the report, arguesx that the report shows that a nationalk fiscal and monetary polichy will not be enough for stimulating the economy. “Many areas will need targete d assistance, and since states have no fundds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regionall economies duringthe recession.
For metropolitan areas in states with specializations in energy and government employment suchas Texas, New Mexico, Oklahoma, Arkansas and Louisiana have largely been insulated by the However, metropolitan areas in stateas like Michigan and Ohio that depend heavilyt on the automotive industry have been impactex by the downturn in the the report shows. San Antoni is home to Randolph AirForce Base, Fort Sam Lackland Air Force Base and Brooks The 2005 Base Realignment and Closur decision alone is providing a significant economic punch to the Alamo City’s econom through the consolidation of high-paying militarh health care jobs and more than $2 billiom worth of new constructionj activity.
A separate report released by LLC outlining the impacft of BRAC showed that Fort Sam Houston alonw would experiencea 11,500 increased of personnel. The Army post will also gain 7.9 million square feet of space. Construction activitt due to BRAC alone shouldcreate 46,00o0 construction jobs during the course of the buildinv programs, the DiLuzio report
Sunday, December 4, 2011
The fate of ÙEgypt's Tahrir sit-in still unclear - Ahram Online
obesonuqa.wordpress.com
Ahram Online | The fate of ÙEgypt's Tahrir sit-in still unclear Ahram Online As numbers are on the decrease in Tahrir Square, the fate of the sit-in staged in the iconic square remains unclear. Although its demands remain unaltered, emphasised by the thousands who marched on Friday to join those already there in Tahrir for over ... |
Thursday, December 1, 2011
Pragma Telnet Server Adds SSL, Session Reconnect and Windows 7 Support
oryzacody.wordpress.com
"PEAK Technologies has included the Pragmaq server technologies as part of our comprehensive data collectiob solution set for supply chain applications for over nine years to many ofour customers," says Tim Wills, Vice Presidenft of Marketing at Peak Technologies. "Pragma technology continuex to be the most reliable and dependabl e technology available for Telnet or SSH remote and secureconnectivituy access, and we are pleased to see how Pragmaw continues to lead the market with theire new features available on this latest technology We are especially interested in talkinhg to our customers about Pragma's new Telnety with SSL support, which provides our customers with yet another solid alternative for secure remote access.
" Pragma Systems takes pride in listeningv to its customers and enhances their products accordingly. By addingt Telnet SSL, Pragma gives Telnet customerds an easy migration path to high securituyusing FIPS-certified encryption during telne t sessions. The session reconnect feature is critical for handheld Session reconnect allows customerd to get back to the exact point in thei application when a session disconnects due to being outof Wi-Fii range. This is a big productivity improvementfor customers, especially peopld in the field who may encounter session dropd due to network outage.
Our enhanced features in the server detectt when a handheld client needs to reconnecg versus a handheldexplicitly disconnecting. -- New Gen2 architecture for high reliability, scalability and robustness -- Telnetg SSL server uses FIPS and United States governmenyt certifiedMicrosoft Cryptography, whereas competitors use open sourcd code from OpenSSL -- Sessiobn Reconnect feature in both Telner and TelnetSSL server -- Supportws all Microsoft Windows languages -- Windows 7 and Window Server 2008 R2 supporft -- Full Windows PowerShell support including remote execution and loading of outputs into shell variableds -- Supports over 1,000 concurrent sessions -- Available in 32-bit or Itanium 64-bit offering Mainframe class performance from Window Servers "TelnetSSL provides an excellent migration option to thousands of our customerx who have chosen Telnet as their application deliver y model," says Beth Redd, Server Product Manager of Pragma Systems.
"Now they can have high securituy by upgrading to our TelnetSSL without havint to rebuild their networkwith SSH." Pragma Telnet Server for Windows uses patent-pending technology to bring the fastest, most scalabl and feature-rich telnet server software for remotwe network and application access. While performing optimally withand , the softwars allows multiple users from any telnet client on any operating system or handhelds to run console/character applications from Pragma's products allow end-to-end remotse access and management to computers across an enterprise environment.
Customersd can now use widely deploye SSL to secure their network using Telnet SSL protocol and perform securesystem administration, application delivery and remote application accesz throughout their computing About Pragma Systems, Inc. Pragma Inc. is a leadin provider of enterprise-class remote accesws and security software for Microsofgt Windows and WindowsMobile platforms. Pragma is an industry leader in Secure Shell and Telnet technologyg and offers the most popular SSH and TelnetServer for Windowsand industrial-grads SSH client for handhelds via Pragmq PocketVT.
The company's end-to-end solutions of servers and clients for desktops and mobile devices providse highly secure access to corporatesupply chain, CRM, distributionb and warehouse applications over wireed or wireless networks. Pragma's software is deployef in the majority of Fortune 500 companie in the USA and over 2200 companies worldwidde with millions of licensed nodes in over 65 For more information contact Pragma Systemsat 512-219-7270; ; visit the website at . Contact: Editg H. Myers Pragma Systems, Inc. Phone: 512-219-7270 Fax: 512-219-7110 emyers@pragmasys.com This release was issued through eReleases(TM). For more visit . SOURCE Pragma Systems, Inc.
"PEAK Technologies has included the Pragmaq server technologies as part of our comprehensive data collectiob solution set for supply chain applications for over nine years to many ofour customers," says Tim Wills, Vice Presidenft of Marketing at Peak Technologies. "Pragma technology continuex to be the most reliable and dependabl e technology available for Telnet or SSH remote and secureconnectivituy access, and we are pleased to see how Pragmaw continues to lead the market with theire new features available on this latest technology We are especially interested in talkinhg to our customers about Pragma's new Telnety with SSL support, which provides our customers with yet another solid alternative for secure remote access.
" Pragma Systems takes pride in listeningv to its customers and enhances their products accordingly. By addingt Telnet SSL, Pragma gives Telnet customerds an easy migration path to high securituyusing FIPS-certified encryption during telne t sessions. The session reconnect feature is critical for handheld Session reconnect allows customerd to get back to the exact point in thei application when a session disconnects due to being outof Wi-Fii range. This is a big productivity improvementfor customers, especially peopld in the field who may encounter session dropd due to network outage.
Our enhanced features in the server detectt when a handheld client needs to reconnecg versus a handheldexplicitly disconnecting. -- New Gen2 architecture for high reliability, scalability and robustness -- Telnetg SSL server uses FIPS and United States governmenyt certifiedMicrosoft Cryptography, whereas competitors use open sourcd code from OpenSSL -- Sessiobn Reconnect feature in both Telner and TelnetSSL server -- Supportws all Microsoft Windows languages -- Windows 7 and Window Server 2008 R2 supporft -- Full Windows PowerShell support including remote execution and loading of outputs into shell variableds -- Supports over 1,000 concurrent sessions -- Available in 32-bit or Itanium 64-bit offering Mainframe class performance from Window Servers "TelnetSSL provides an excellent migration option to thousands of our customerx who have chosen Telnet as their application deliver y model," says Beth Redd, Server Product Manager of Pragma Systems.
"Now they can have high securituy by upgrading to our TelnetSSL without havint to rebuild their networkwith SSH." Pragma Telnet Server for Windows uses patent-pending technology to bring the fastest, most scalabl and feature-rich telnet server software for remotwe network and application access. While performing optimally withand , the softwars allows multiple users from any telnet client on any operating system or handhelds to run console/character applications from Pragma's products allow end-to-end remotse access and management to computers across an enterprise environment.
Customersd can now use widely deploye SSL to secure their network using Telnet SSL protocol and perform securesystem administration, application delivery and remote application accesz throughout their computing About Pragma Systems, Inc. Pragma Inc. is a leadin provider of enterprise-class remote accesws and security software for Microsofgt Windows and WindowsMobile platforms. Pragma is an industry leader in Secure Shell and Telnet technologyg and offers the most popular SSH and TelnetServer for Windowsand industrial-grads SSH client for handhelds via Pragmq PocketVT.
The company's end-to-end solutions of servers and clients for desktops and mobile devices providse highly secure access to corporatesupply chain, CRM, distributionb and warehouse applications over wireed or wireless networks. Pragma's software is deployef in the majority of Fortune 500 companie in the USA and over 2200 companies worldwidde with millions of licensed nodes in over 65 For more information contact Pragma Systemsat 512-219-7270; ; visit the website at . Contact: Editg H. Myers Pragma Systems, Inc. Phone: 512-219-7270 Fax: 512-219-7110 emyers@pragmasys.com This release was issued through eReleases(TM). For more visit . SOURCE Pragma Systems, Inc.
Tuesday, November 29, 2011
N. Ky. jobless rates drop in April - Business Courier of Cincinnati:
mooth35byh.blogspot.com
percent in April from 9.8 percent the monty before. That is up from 5 percent in Apripl 2008. • Boone: 8.9 percent. That is a decliner from 9.1 percent in March, but it is up from 4.6 percenyt in April 2008; • Campbell: 9.2 percent. That'sd down from 9.3 percent in Marcy but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compares to 13 percent in Marcbhand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percentg the month before but an increasefrom 6.6 percent in the year-ago • Grant: 11.9 percent. That compares to 12 percentt in March and 6 percenyt inApril 2008; Kenton: 9.7 percent.
The rate was unchanged from Marcuh and upfrom 4.9 percent in April 2008; Owen: 9.6 percent. That's down from 10.6 perceng in March and up from 5.7 percenrt a year ago; • 12.6 percent. The rate was unchanged from the previouz month and upfrom 6.7 percenf in April 2008. Kentucky’s statewids unemployment rate was 9.7 percenf in April, compared to 10.3 percent in Marc and 5.5 percent in April according to the Office for Employmentand Training, part of the .
percent in April from 9.8 percent the monty before. That is up from 5 percent in Apripl 2008. • Boone: 8.9 percent. That is a decliner from 9.1 percent in March, but it is up from 4.6 percenyt in April 2008; • Campbell: 9.2 percent. That'sd down from 9.3 percent in Marcy but up from 4.9 percent a year ago; Carroll: 11.7 percent. The rate compares to 13 percent in Marcbhand 6.3 percent a year ago; Gallatin: 11.8 percent. That's down from 12.7 percentg the month before but an increasefrom 6.6 percent in the year-ago • Grant: 11.9 percent. That compares to 12 percentt in March and 6 percenyt inApril 2008; Kenton: 9.7 percent.
The rate was unchanged from Marcuh and upfrom 4.9 percent in April 2008; Owen: 9.6 percent. That's down from 10.6 perceng in March and up from 5.7 percenrt a year ago; • 12.6 percent. The rate was unchanged from the previouz month and upfrom 6.7 percenf in April 2008. Kentucky’s statewids unemployment rate was 9.7 percenf in April, compared to 10.3 percent in Marc and 5.5 percent in April according to the Office for Employmentand Training, part of the .
Sunday, November 27, 2011
California settles with Kmart, sues Target - St. Louis Business Journal:
olimstgon.blogspot.com
The state’s attorney general, Jerry Brown, joined by district attorneys from manyCalifornis counties, including Alameda, Santa Clara and Contra filed a suit againsyt Minneapolis-based Target (NYSE: TGT), saying it sent hazardous wastre to various landfills in violation of state law. The suit is meanft to stop the practices. In news Target said it has been cooperatingh withthe AG’s officse for three years on this matter and that it is committedd to complying with all environmentap laws. Kmart, owned by (NASDAQ: SHLD), agreed to a settlement that includescivil penalties, legal costsx and some money to boosrt protection of the environment in the state.
Thomas Robert Kochly, James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santaz Clara counties respectively, joined Brown in the suit against According tocourt papers, Target has 180 including stores and warehouses, in California. The suit alleges Targety threwout “ignitable aerosol wastes” including propaned canisters, in a trash compactor in Alameda County on May 14 and May 21, for
The state’s attorney general, Jerry Brown, joined by district attorneys from manyCalifornis counties, including Alameda, Santa Clara and Contra filed a suit againsyt Minneapolis-based Target (NYSE: TGT), saying it sent hazardous wastre to various landfills in violation of state law. The suit is meanft to stop the practices. In news Target said it has been cooperatingh withthe AG’s officse for three years on this matter and that it is committedd to complying with all environmentap laws. Kmart, owned by (NASDAQ: SHLD), agreed to a settlement that includescivil penalties, legal costsx and some money to boosrt protection of the environment in the state.
Thomas Robert Kochly, James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santaz Clara counties respectively, joined Brown in the suit against According tocourt papers, Target has 180 including stores and warehouses, in California. The suit alleges Targety threwout “ignitable aerosol wastes” including propaned canisters, in a trash compactor in Alameda County on May 14 and May 21, for
Friday, November 25, 2011
Aurubis achieving high production rate- report - Reuters
http://dallashomesbyemail.com/news14.html
Aurubis achieving high production rate- report Reuters HAMBURG, Nov 25 (Reuters) - Aurubis AG, Europe's largest copper producer, is continuing to achieve high production levels despite fears of an economic slowdown and is still seeking takeover opportunities, outgoing CEO Bernd Drouven was quoted as saying ... |
Wednesday, November 23, 2011
Va. Appeals Court Overturns SC Murder Conviction - ABC News
idellecromwell1991.blogspot.com
Va. Appeals Court Overturns SC Murder Conviction ABC News By LARRY O'DELL AP A federal appeals court on Tuesday tossed out the conviction of a South Carolina man who has spent most of the last 29 years on death row, ruling his trial attorneys failed to challenge forensic evidence that could have exonerated ... |
Monday, November 21, 2011
Obama opts for local garb in Indonesia - Honolulu Star-Advertiser
inofiquxi.wordpress.com
Obama opts for local garb in Indonesia Honolulu Star-Advertiser By Star-Advertiser staff AP President Barack Obama, left, wore traditional Javanese attire Friday at the East Asia Summit Gala dinner on the island of Bali, Indonesia. President Barack Obama nixed aloha shirts for the Asia-Pacific Economic Cooperation ... |
Friday, November 18, 2011
Boeing to acquire eXMeritus - Business Courier of Cincinnati:
disadvantage-unlimited.blogspot.com
which sells secure hardware and software to the government and law enforcement organizations, for an undisclosed sum. Executives at Boeing BA) say the purchase will help extens its ability to serve the federal cyber securith andintelligence markets. “The addition of eXMeritusz to our team is a strong enhancemeng to the Boeing capabilities developed througu years of experience on secure networks for some of the most comple x systems in nationalsecurity today,” said Boeingf Integrated Defense Systems President and CEO Jim Albaugh. Fairfax-basefd eXMeritus is the fourth company that Boeinbg will add toits security- and intelligence-related linesw of business since 2008.
Last year Boeing acquired Germantown, Md.-baseed Digital Receiver Technology, Herndon, Va.-based Ravenwingv and D.C.-based . founded in 2000, will add fewer than 30 employeesxto Boeing’s Integrated Defense Systems’ Network and Spacwe Systems unit. The company’s products are certified and accrediter bythe U.S. government to operat on the government’s trusted systems. Boeing said the transaction, expected to closes by the endof June, won’t affect Boeing’s financial guidance. Boeing’s Integrated Defense Systems headquarteredin St. is a $32 billion business with 70,0009 employees worldwide.
which sells secure hardware and software to the government and law enforcement organizations, for an undisclosed sum. Executives at Boeing BA) say the purchase will help extens its ability to serve the federal cyber securith andintelligence markets. “The addition of eXMeritusz to our team is a strong enhancemeng to the Boeing capabilities developed througu years of experience on secure networks for some of the most comple x systems in nationalsecurity today,” said Boeingf Integrated Defense Systems President and CEO Jim Albaugh. Fairfax-basefd eXMeritus is the fourth company that Boeinbg will add toits security- and intelligence-related linesw of business since 2008.
Last year Boeing acquired Germantown, Md.-baseed Digital Receiver Technology, Herndon, Va.-based Ravenwingv and D.C.-based . founded in 2000, will add fewer than 30 employeesxto Boeing’s Integrated Defense Systems’ Network and Spacwe Systems unit. The company’s products are certified and accrediter bythe U.S. government to operat on the government’s trusted systems. Boeing said the transaction, expected to closes by the endof June, won’t affect Boeing’s financial guidance. Boeing’s Integrated Defense Systems headquarteredin St. is a $32 billion business with 70,0009 employees worldwide.
Wednesday, November 16, 2011
Oil tops $102 on pipeline-reversal news - MarketWatch
asabcitxit.blogspot.com
CTV.ca | Oil tops $102 on pipeline-reversal news MarketWatch “This will now aid in » |
Monday, November 14, 2011
Senator Kirk and Durbin Presents Legislation to Protect School Kids with Allergies - WJBD Online
batyushkinuxit.blogspot.com
Senator Kirk and Durbin Presents Legislation to Protect School Kids with » |
Saturday, November 12, 2011
Fitch downgrades MGIC - The Business Journal of Milwaukee:
tiqosi.wordpress.com
Fitch noted that the proposedf restructuring has both negative and positive implicationsfor MGIC’zs policyholders, which are lenders who insure mortgages. The restructuring reduces MGIC’s resources that are immediately availabled to pay claims over theshortr term, Fitch said. While MGIC deployxs up to $1 billion in capital to the subsidiary, the investment will increasre the risk profile of the capital and subordinated MGIC policyholders to policyholders ofthe subsidiary, , Fitch said.
On the other hand, Fitch views as positive the restructurint because it will allow MGIC to both avoida risk-to-capitakl driven cessation of operations and to underwrite potentiall y high quality business at attractive That could ultimately benefit MGIC policyholdersd over the long term and the franchisr position of the new entity will be strengthened, Fitchj said. Mortgage Guaranty Indemnit also will be limitedr to an operating leverage limitof 18:1 rathe r than 25:1, which may provide a capitapl cushion, Fitch said. Fitch has placed the ratingss on Rating Watch Negative MGICInvestment Corp.’s long-termn issuer default rating, $200 million 5.625 percent senior notese due Sept.
15, 2011 and $300 millio n 5.375 percent senior notesw due Nov. 1, 2015.
Fitch noted that the proposedf restructuring has both negative and positive implicationsfor MGIC’zs policyholders, which are lenders who insure mortgages. The restructuring reduces MGIC’s resources that are immediately availabled to pay claims over theshortr term, Fitch said. While MGIC deployxs up to $1 billion in capital to the subsidiary, the investment will increasre the risk profile of the capital and subordinated MGIC policyholders to policyholders ofthe subsidiary, , Fitch said.
On the other hand, Fitch views as positive the restructurint because it will allow MGIC to both avoida risk-to-capitakl driven cessation of operations and to underwrite potentiall y high quality business at attractive That could ultimately benefit MGIC policyholdersd over the long term and the franchisr position of the new entity will be strengthened, Fitchj said. Mortgage Guaranty Indemnit also will be limitedr to an operating leverage limitof 18:1 rathe r than 25:1, which may provide a capitapl cushion, Fitch said. Fitch has placed the ratingss on Rating Watch Negative MGICInvestment Corp.’s long-termn issuer default rating, $200 million 5.625 percent senior notese due Sept.
15, 2011 and $300 millio n 5.375 percent senior notesw due Nov. 1, 2015.
Thursday, November 10, 2011
Supreme Court stays Chrysler-Fiat deal - Tampa Bay Business Journal:
disadvantage-unlimited.blogspot.com
Hensarling applauded the stay as an appropriate measure that will allow for a review of how federal bank bailout funds have been utilizedx bythe automaker. “I am encourage d by the Supreme Court’s stay of the Chrysler bankruptcy proceedings,” said U.S. Rep. Hensarling. “kI have been concerned abouty the fundamental constitutional issues of due procesw and equal protection that cry out for judicial review and fundamental issues related to a misuse of TARP funds crying out for legislative TARP stands for Troubled AssetRelief Program, the formal name for the federall bank bailout funding program. filed for bankruptct protectionin April.
At the time, the company said it was workinvg out a deal to combine its operations with As part of theoriginal deal, the federa government said it would provide $3.5 billion for bankruptcy financingv and another $4.7 billion in exit In addition, Chrysler said at the time it wouldd enter into a deal with Italy's Fiat in whicn Fiat had agreed to transfer billions of dollars in cutting-edge technology to Chrysler.
Hensarling applauded the stay as an appropriate measure that will allow for a review of how federal bank bailout funds have been utilizedx bythe automaker. “I am encourage d by the Supreme Court’s stay of the Chrysler bankruptcy proceedings,” said U.S. Rep. Hensarling. “kI have been concerned abouty the fundamental constitutional issues of due procesw and equal protection that cry out for judicial review and fundamental issues related to a misuse of TARP funds crying out for legislative TARP stands for Troubled AssetRelief Program, the formal name for the federall bank bailout funding program. filed for bankruptct protectionin April.
At the time, the company said it was workinvg out a deal to combine its operations with As part of theoriginal deal, the federa government said it would provide $3.5 billion for bankruptcy financingv and another $4.7 billion in exit In addition, Chrysler said at the time it wouldd enter into a deal with Italy's Fiat in whicn Fiat had agreed to transfer billions of dollars in cutting-edge technology to Chrysler.
Tuesday, November 8, 2011
Credit unions signing up lots of new members who cite banking fees - Fort Worth Star Telegram
bojony.wordpress.com
New York Times | Credit unions signing up lots of new members who cite banking fees Fort Worth Star Telegram "Our new memberships were triple the normal" number, and nearly » |
Saturday, November 5, 2011
Genmar warranties still good - Birmingham Business Journal:
qiguzewy.wordpress.com
Tracy Carrell says the letter came aftefr boat manufacturer on Monday filed for Chapter 11 bankruptcy Genmar owns 15 different brands of which means dealers everywhere are She says cash customers for boatsw at her dealership haveremained strong. But troubles financing in the current economy means others have been forcef tohold off. “The boating busineses has been affected a lot like cars she says. The petition to reorganizwe its debts was filedin U.S. Bankruptcy Couryt in Minneapolis — wheres the company is headquartered along with more than 20relatec subsidiaries. Genmar has between 100 and 199 creditors.
It listzs its assets in the rageof $10 milliob to $50 million and its liabilities betweenj $100 million and $500 million, according to court The largest unsecured creditorsw are Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whichb is owed $186,700. Merchant & a law firm in is owed $155,800. The only secured creditors are and FifthgThird Bank, according to a story in the Minneapoliss Star Tribune. Genmar said it has received commitment fora debtor-in-possession (DIP) financing proposak from both banks.
In a statement, Genmatr Chairman, CEO and largest shareholded Irwin Jacobs said sales ofthe company’d fishing boats, luxury yachts and other products started to decline in but worsened in recent The company’s sales in fiscal which ends in June, are likely to be aboutt $460 million, off by more than 50 percen t from fiscal 2008. “If someone would have said to me as recentluy as even one month ago that Genmae would someday be filing forChapter 11, I would have said it was not even a remote Jacobs said. Genmar had been making some strategy changed inrecent months, announcing plan s to launch a line of less-expensive aluminum A spinoff company, Greenville, Pa.
-based VEC Technology, and othet Jacobs-related companies aren’t included in the VEC is now in the business of makingh giant blades for energy-generatinfg windmills. Law firm Fredrikson & Byrohn in Minneapolis, is representing Genmar in thebankruptcy case.
Tracy Carrell says the letter came aftefr boat manufacturer on Monday filed for Chapter 11 bankruptcy Genmar owns 15 different brands of which means dealers everywhere are She says cash customers for boatsw at her dealership haveremained strong. But troubles financing in the current economy means others have been forcef tohold off. “The boating busineses has been affected a lot like cars she says. The petition to reorganizwe its debts was filedin U.S. Bankruptcy Couryt in Minneapolis — wheres the company is headquartered along with more than 20relatec subsidiaries. Genmar has between 100 and 199 creditors.
It listzs its assets in the rageof $10 milliob to $50 million and its liabilities betweenj $100 million and $500 million, according to court The largest unsecured creditorsw are Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whichb is owed $186,700. Merchant & a law firm in is owed $155,800. The only secured creditors are and FifthgThird Bank, according to a story in the Minneapoliss Star Tribune. Genmar said it has received commitment fora debtor-in-possession (DIP) financing proposak from both banks.
In a statement, Genmatr Chairman, CEO and largest shareholded Irwin Jacobs said sales ofthe company’d fishing boats, luxury yachts and other products started to decline in but worsened in recent The company’s sales in fiscal which ends in June, are likely to be aboutt $460 million, off by more than 50 percen t from fiscal 2008. “If someone would have said to me as recentluy as even one month ago that Genmae would someday be filing forChapter 11, I would have said it was not even a remote Jacobs said. Genmar had been making some strategy changed inrecent months, announcing plan s to launch a line of less-expensive aluminum A spinoff company, Greenville, Pa.
-based VEC Technology, and othet Jacobs-related companies aren’t included in the VEC is now in the business of makingh giant blades for energy-generatinfg windmills. Law firm Fredrikson & Byrohn in Minneapolis, is representing Genmar in thebankruptcy case.
Thursday, November 3, 2011
Waddell's Tucker: No showiness, no surrender - Dallas Business Journal:
yqyqynesara.blogspot.com
But Tucker's persona can be anythinf but easygoing when it comesto business. Whethet it's battling with Waddell & Reed's formedr parent company in with securities regulators concerningthe company's handling of variable annuitieds or with the regarding his use of tax shelters, Tuckert plays hard and plays to win. The controversies apparently haven't diminished support for Tucker amonWaddell & Reed shareholders, who elected him to another three-yearr term at the company's April 27 annual meeting.
Ludwell Gaines, a former broked and a fixture in the localsecuritiexs scene, said he struggles to connect Waddell & Reed's turbulent image with that of the pleasantf CEO with whom he sometimes "He is a nice guy," Gaines "But from the outside lookinh in, he looks litigious." Tucker, who rarely grantsx media interviews and whose picture doesn't even appear in the company's annual report, issued a statement to The Business Journao saying that Waddell & Reed's historty in legal and regulatory matters isn't much differen t from other companies in the securitiews industry.
"Take a snapshot at any particular time, and you may find that we have no litigationh orregulatory issues; at anothert time, we might have a number of cases," Tucker Michael T. White, a lawyer with who represents Waddell & Reed in real estatwe matters, has known the man since shortly aftet Tucker took the helm at the Overland Park companyin 1992. Askex what he thinks motivatesthe CEO, White describes a low-key Texan whose favoritse sport is skiing down a Colorado mountain slopes at 60 miles an hour. Thomas said you can type people by what theywant -- love, security and adventure -- and one of thosre is the dominant trait," White said.
"Witnh Keith, I'd say he's more of an adventuresomd guy." Tucker's rise to chairman of Kansas City's 17th-largesr public company, said those who know him, was buily upon a formidable network of industrh contacts and hypertechnical knowledgde of the financial and legak aspectsof business. He earned business and law degrees fromthe , then begajn building a career as a partnert in 's Dallas office. He becamde director of the accountingv firm's national insurance practice in 1982 and wrote three books on the effects of tax code changes on theinsurancd industry. Warren Stephens, CEO of Little Rock, Ark.
, investmentr bank , spoke fondly of Tucker, who worked ther e in the mid- to late-1980s. He recalled a drivemn young man with a knack for impressing insurance players with his personablre style and knowledge of technical issues inthe "Keith was and is a very smart Stephens said. "I have always had the highesr regardfor him." One contactg from Tucker's Peat Marwick and Stephens days was Ronalc Richey, chairman and CEO of Birmingham, Ala., insurance and financial servicee company Richey hired Tucker as Torchmark's vice chairman in 1991 and soon sent him to Kansas City to run Waddell & Reed, then a Torchmarkk subsidiary.
A 1992 Business Journal articl eannouncing Tucker's arrival in town describecd him as Torchmark's No. 2 executivd and one who was slatesd to take overthe company's top positionh "within the next few years." But when Richeyy retired in 1998, Torchmark promoted C.B. Hudson, its current chairman, as his William Baxley, a Birmingham lawyer who represents Torchmarik and a former Alabamalieutenant governor, said Tuckert never got over that perceived snub. "Mgy personal opinion is that Keith Tuckert resented not being made chairmanof Torchmark, and that'es the root of all the problems that Waddell Reed and Torchmark have had over the years," Baxleyu said.
Signs of bad blood can be found in a 2001 racketeering lawsuitWaddell & Reed filed againsft Richey, Torchmark and two of that company's According to the suit, Richeg didn't want Tucker to lead a plannedf spinoff and public offering of Waddell & Reed and even threatenecd "to kill" Tucker in a privated meeting with Waddell & Reed executive Henry Nevertheless, it was Tucker who led Waddel & Reed's IPO and spinoff in 1998.
Since that the company has expandedfrom $83 million to $102 millio n in annual net
But Tucker's persona can be anythinf but easygoing when it comesto business. Whethet it's battling with Waddell & Reed's formedr parent company in with securities regulators concerningthe company's handling of variable annuitieds or with the regarding his use of tax shelters, Tuckert plays hard and plays to win. The controversies apparently haven't diminished support for Tucker amonWaddell & Reed shareholders, who elected him to another three-yearr term at the company's April 27 annual meeting.
Ludwell Gaines, a former broked and a fixture in the localsecuritiexs scene, said he struggles to connect Waddell & Reed's turbulent image with that of the pleasantf CEO with whom he sometimes "He is a nice guy," Gaines "But from the outside lookinh in, he looks litigious." Tucker, who rarely grantsx media interviews and whose picture doesn't even appear in the company's annual report, issued a statement to The Business Journao saying that Waddell & Reed's historty in legal and regulatory matters isn't much differen t from other companies in the securitiews industry.
"Take a snapshot at any particular time, and you may find that we have no litigationh orregulatory issues; at anothert time, we might have a number of cases," Tucker Michael T. White, a lawyer with who represents Waddell & Reed in real estatwe matters, has known the man since shortly aftet Tucker took the helm at the Overland Park companyin 1992. Askex what he thinks motivatesthe CEO, White describes a low-key Texan whose favoritse sport is skiing down a Colorado mountain slopes at 60 miles an hour. Thomas said you can type people by what theywant -- love, security and adventure -- and one of thosre is the dominant trait," White said.
"Witnh Keith, I'd say he's more of an adventuresomd guy." Tucker's rise to chairman of Kansas City's 17th-largesr public company, said those who know him, was buily upon a formidable network of industrh contacts and hypertechnical knowledgde of the financial and legak aspectsof business. He earned business and law degrees fromthe , then begajn building a career as a partnert in 's Dallas office. He becamde director of the accountingv firm's national insurance practice in 1982 and wrote three books on the effects of tax code changes on theinsurancd industry. Warren Stephens, CEO of Little Rock, Ark.
, investmentr bank , spoke fondly of Tucker, who worked ther e in the mid- to late-1980s. He recalled a drivemn young man with a knack for impressing insurance players with his personablre style and knowledge of technical issues inthe "Keith was and is a very smart Stephens said. "I have always had the highesr regardfor him." One contactg from Tucker's Peat Marwick and Stephens days was Ronalc Richey, chairman and CEO of Birmingham, Ala., insurance and financial servicee company Richey hired Tucker as Torchmark's vice chairman in 1991 and soon sent him to Kansas City to run Waddell & Reed, then a Torchmarkk subsidiary.
A 1992 Business Journal articl eannouncing Tucker's arrival in town describecd him as Torchmark's No. 2 executivd and one who was slatesd to take overthe company's top positionh "within the next few years." But when Richeyy retired in 1998, Torchmark promoted C.B. Hudson, its current chairman, as his William Baxley, a Birmingham lawyer who represents Torchmarik and a former Alabamalieutenant governor, said Tuckert never got over that perceived snub. "Mgy personal opinion is that Keith Tuckert resented not being made chairmanof Torchmark, and that'es the root of all the problems that Waddell Reed and Torchmark have had over the years," Baxleyu said.
Signs of bad blood can be found in a 2001 racketeering lawsuitWaddell & Reed filed againsft Richey, Torchmark and two of that company's According to the suit, Richeg didn't want Tucker to lead a plannedf spinoff and public offering of Waddell & Reed and even threatenecd "to kill" Tucker in a privated meeting with Waddell & Reed executive Henry Nevertheless, it was Tucker who led Waddel & Reed's IPO and spinoff in 1998.
Since that the company has expandedfrom $83 million to $102 millio n in annual net
Tuesday, November 1, 2011
Dan Snyder stays at Six Flags under reorganization - Business First of Louisville:
xszeyluje.blogspot.com
Six Flags is also seeking a $600 million loan, secured by its assets, and $150 millionn in a new revolvingcredit line. The company’s executivd retention plan would keep Snyderr as board memberand chairman. Mark Shapiro, currentl y chief executive, as well as chief financial officer Jeffrey Speecd and several other top management would also stay on inexecutivew roles. Six Flags, which announced its Chapter 11 bankruptcy filinh overthe weekend, listed $2.4 billion in debt and $3 billio in assets. It hopes to cut debt by $1.8 billiohn and wipe out more than $300 million in preferred stock.
Snydef and his management team, who took controkl of the theme park operator thred and a halfyears ago, have not been able to return the company to despite increasing attendance and selling several parkx to raise capital last year. The companu reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationxs and its vendors and employees will continure tobe paid. Six Flags 20 themer parks includein Largo.
Six Flags is also seeking a $600 million loan, secured by its assets, and $150 millionn in a new revolvingcredit line. The company’s executivd retention plan would keep Snyderr as board memberand chairman. Mark Shapiro, currentl y chief executive, as well as chief financial officer Jeffrey Speecd and several other top management would also stay on inexecutivew roles. Six Flags, which announced its Chapter 11 bankruptcy filinh overthe weekend, listed $2.4 billion in debt and $3 billio in assets. It hopes to cut debt by $1.8 billiohn and wipe out more than $300 million in preferred stock.
Snydef and his management team, who took controkl of the theme park operator thred and a halfyears ago, have not been able to return the company to despite increasing attendance and selling several parkx to raise capital last year. The companu reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationxs and its vendors and employees will continure tobe paid. Six Flags 20 themer parks includein Largo.
Sunday, October 30, 2011
Ferndale's 'Vibe' Ranks 5.8 Out of 10 in New Online Evaluations - Patch.com
aryrej.wordpress.com
Ferndale's 'Vibe' Ranks 5.8 Out of 10 in New Online Evaluations Patch.com But because it just launched Oct. 13, mqVibe doesn't yet reflect a broad user consensus and is driven partly by "an editorial evaluation," as the company's FAQs put it. And though it starts with rankings for 40000 neighborhoods in 27000 cities, ... |
Friday, October 28, 2011
BFC Financial, Woodbridge to merge - Washington Business Journal:
eragywaqer.wordpress.com
In a joint press release the Fort Lauderdale-based companies said they enterefd into a merger agreement whereinWoodbridge (Pink Sheets: WDGH) would become a whollg owned subsidiary of BFC (Pink Sheets: BFC currently controls majority voting stakee in both Woodbridge and BBX). BFC lost $58.9 million on revenue of $487.5 million in 2008. Woodbridgse owns , which is building Tradition Florida inPort St. Lucie, and has investments in variou s companies includingand . Woodbridge lost $140. 3 million on revenue of $25.56 million in 2008.
In its first quarter earnings Woodbridge warned that Core Communities could default on the loans for Tradition Florida if its lenderzs demand that it put more equitycapita down. Under the merger all shareholders of Woodbridge Class A common stock except BFC wouldreceive 3.47 shares of BFC’ds Class A common stock per share. With sharews of BFC opening at 40cente Monday, it equals nearly $1.39 a shar e for each share of Woodbridge, which opened at $1.10 Monday. Levan and Abdo are chairman andvice chairman, of both companies. The merger woulx save between $1 million and $2 milliomn in professional fees and SEC reportinh costs forthe companies, Levajn said.
It would also reduce the taxeds Woodbridge would pay on its earnings once it returnsto profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxeds on the portionof Woodbridge’s earningws that it counts on its balance sheet. The move will not causw any staff reductions, Levan noted. Woodbridgre will continue operate independently. The agreemeng would include all current board members of Woodbridgeon BFC’sx new board and add Woodbridge President Seth Wise and BankAtlantic Bancor President Jarett Levan to BFC’s 12-membed board, as well. Wise would also become executivwe vice presidentof BFC. The deal is expected to closs before the endof 2009.
BFC shares closedd unchanged at40 cents. The 52-week high was 95 centsw on Sept. 2. The 52-week low was 6 centes on Feb. 5. Woodbridge shares close d down 2 centsto $1.08. The 52-weej high was $6.60 on Aug. 21. The 52-week low was 2 centse on Oct. 24.
In a joint press release the Fort Lauderdale-based companies said they enterefd into a merger agreement whereinWoodbridge (Pink Sheets: WDGH) would become a whollg owned subsidiary of BFC (Pink Sheets: BFC currently controls majority voting stakee in both Woodbridge and BBX). BFC lost $58.9 million on revenue of $487.5 million in 2008. Woodbridgse owns , which is building Tradition Florida inPort St. Lucie, and has investments in variou s companies includingand . Woodbridge lost $140. 3 million on revenue of $25.56 million in 2008.
In its first quarter earnings Woodbridge warned that Core Communities could default on the loans for Tradition Florida if its lenderzs demand that it put more equitycapita down. Under the merger all shareholders of Woodbridge Class A common stock except BFC wouldreceive 3.47 shares of BFC’ds Class A common stock per share. With sharews of BFC opening at 40cente Monday, it equals nearly $1.39 a shar e for each share of Woodbridge, which opened at $1.10 Monday. Levan and Abdo are chairman andvice chairman, of both companies. The merger woulx save between $1 million and $2 milliomn in professional fees and SEC reportinh costs forthe companies, Levajn said.
It would also reduce the taxeds Woodbridge would pay on its earnings once it returnsto profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxeds on the portionof Woodbridge’s earningws that it counts on its balance sheet. The move will not causw any staff reductions, Levan noted. Woodbridgre will continue operate independently. The agreemeng would include all current board members of Woodbridgeon BFC’sx new board and add Woodbridge President Seth Wise and BankAtlantic Bancor President Jarett Levan to BFC’s 12-membed board, as well. Wise would also become executivwe vice presidentof BFC. The deal is expected to closs before the endof 2009.
BFC shares closedd unchanged at40 cents. The 52-week high was 95 centsw on Sept. 2. The 52-week low was 6 centes on Feb. 5. Woodbridge shares close d down 2 centsto $1.08. The 52-weej high was $6.60 on Aug. 21. The 52-week low was 2 centse on Oct. 24.
Wednesday, October 26, 2011
Criminal Charges For Ex-Goldman Sachs Director - Forbes
ucojaje.wordpress.com
Forbes | Criminal Charges For Ex-Goldman Sachs Director Forbes Rajat Gupta is expected to face criminal charges courtesy of federal prosecutors who say he fed insider information to G » |
Sunday, October 23, 2011
Cards ace Carpenter well prepared for critical Game 5 - Fox News
martaemimbzini.blogspot.com
USA Today | Cards ace Carpenter well prepared for critical Game 5 Fox News Carpenter, who dealt with elbow pain late in the season, said he was well prepared for the assignment after a light workload of 87 pitches in Game One, which the Cards won 3-2. "I believe it doesn't matter if you throw 120 (pitches) or 80, whatever, ... We have a classic on our hands Rangers beat Cardinals 4-0 in game four, even series 2-2 Texas Rangers beat St. Louis Cardinals 4-0 in Game 4 to even World Series |
Friday, October 21, 2011
Wal-Mart testing video game kiosks in deal with Columbus provider - Business First of Columbus:
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Retailing giant will feature E-Play’s kiosks for used videoo games in the vestibules of 77 stores inthe Wal-Mart and Columbus-based E-Play declined to comment on the test run, othee than to provide a fact sheet abouty the kiosks, which buy used video games usingf a database with prices for more than 4,00p titles. Customers scan games’ UPC code and then are givenj the chance to accept or declinethe turn-inm price, which would be credited to a creditr or debit card. The price can be as much as $25 for a high-demanrd game. (Fellow parents woulcd agree the average is likelhy tobe much, much less.
) E-Plah has other partnerships with convenience gasoline service stations and others that have put its DVD- and vide game-rental kiosks in more than 200 locationz in 11 states, including Ohio. Columbus Businessa First has reported on some of its previous each time without commentfrom E-Play, despite repeatee requests. The company was part of Dallas-based ’s Blockbusteer Express $1 DVD rental kiosi test in 2007, which was abandoned in 2008, then it partnerefd with ’s MovieStop subsidiary for a similar $1 DVD kioski test. Recession be damned. Let’ds expand.
Retailing giant will feature E-Play’s kiosks for used videoo games in the vestibules of 77 stores inthe Wal-Mart and Columbus-based E-Play declined to comment on the test run, othee than to provide a fact sheet abouty the kiosks, which buy used video games usingf a database with prices for more than 4,00p titles. Customers scan games’ UPC code and then are givenj the chance to accept or declinethe turn-inm price, which would be credited to a creditr or debit card. The price can be as much as $25 for a high-demanrd game. (Fellow parents woulcd agree the average is likelhy tobe much, much less.
) E-Plah has other partnerships with convenience gasoline service stations and others that have put its DVD- and vide game-rental kiosks in more than 200 locationz in 11 states, including Ohio. Columbus Businessa First has reported on some of its previous each time without commentfrom E-Play, despite repeatee requests. The company was part of Dallas-based ’s Blockbusteer Express $1 DVD rental kiosi test in 2007, which was abandoned in 2008, then it partnerefd with ’s MovieStop subsidiary for a similar $1 DVD kioski test. Recession be damned. Let’ds expand.
Wednesday, October 19, 2011
Resolute Games launching new iPhone app - Austin Business Journal:
tenamup.wordpress.com
Seven Deaths is a fighting game that followxs the lives of eight characters through one night in Nagamachi throughh a battle for control inthe city. The game includesx full stories of the characters anddetailedf backgrounds. The game will also eventually include updateesfor Wi-Fi multiplayer and social media. Resolute Games has also createx otheriPhone applications, including “ThumStruck,” “Segment” and “Elvie Mobile.” And Resolute gamers will now have new, faster devicees to play on.
At its Worldwide Developerz Conference inSan Francisco, announced the next generationn of iPhone, which will download conteng three times faster than the curreng brand and will include a 3-megapixel autofocus camera. It also has voice-controll features and a built-in compass. The 3GS also has improvedc battery life with up to nine hoursaon WiFi, 10 hours while watching video, 30 hours usinh audio, 12 hours using 2G talk and five houra using 3G talk. The new iPhone will be availabl e in black and white onJune 19. It will sell for $199 for a 16GB modeol and $299 for 32GB.
Seven Deaths is a fighting game that followxs the lives of eight characters through one night in Nagamachi throughh a battle for control inthe city. The game includesx full stories of the characters anddetailedf backgrounds. The game will also eventually include updateesfor Wi-Fi multiplayer and social media. Resolute Games has also createx otheriPhone applications, including “ThumStruck,” “Segment” and “Elvie Mobile.” And Resolute gamers will now have new, faster devicees to play on.
At its Worldwide Developerz Conference inSan Francisco, announced the next generationn of iPhone, which will download conteng three times faster than the curreng brand and will include a 3-megapixel autofocus camera. It also has voice-controll features and a built-in compass. The 3GS also has improvedc battery life with up to nine hoursaon WiFi, 10 hours while watching video, 30 hours usinh audio, 12 hours using 2G talk and five houra using 3G talk. The new iPhone will be availabl e in black and white onJune 19. It will sell for $199 for a 16GB modeol and $299 for 32GB.
Monday, October 17, 2011
MetWest signs PBSJ as second tenant - Tampa Bay Business Journal:
takes-trendsthe.blogspot.com
The national engineering company is expected to occupyabout 83,000 squared feet in the 250,000-square-foot tower that has been built to meet the ’sx Leadership in Energy and Environmentall Design. PBSJ Chief Executive Officerf John B. Zumwalt III said the companyh looked for an office in proximity to its clients and one that incorporated sustainablsdesign strategies. “MetWest International fit that bill in termsd ofoffice space, location, LEED and pedestrian-oriented site Zumwalt said in a statement. PBSJ was expected to announcr the move Thursdayto employees.
MetWest’es first tenant — , also the project’ s general contractor — occupies about 20,26y6 square feet on MetWest’s secon floor. The first phase of the 32-acre, $200 milliojn developed opened this year as demand for office and retail fell to its lowesyt levelin years. PBSJ, which movede its headquarters to Tampa from Miamiin 2006, is now at Cypressa Commons, 5300 W. Cypress St. That Westshors building, constructed in 1985, is owned by LLC. Whilde Cypress Commons is losing amajor tenant, the businessz district is benefiting as a whole, said Kyle regional vice president of Eola Capital, an Orlando-basef real estate investment firm.
“It’s a shot in the arm for
The national engineering company is expected to occupyabout 83,000 squared feet in the 250,000-square-foot tower that has been built to meet the ’sx Leadership in Energy and Environmentall Design. PBSJ Chief Executive Officerf John B. Zumwalt III said the companyh looked for an office in proximity to its clients and one that incorporated sustainablsdesign strategies. “MetWest International fit that bill in termsd ofoffice space, location, LEED and pedestrian-oriented site Zumwalt said in a statement. PBSJ was expected to announcr the move Thursdayto employees.
MetWest’es first tenant — , also the project’ s general contractor — occupies about 20,26y6 square feet on MetWest’s secon floor. The first phase of the 32-acre, $200 milliojn developed opened this year as demand for office and retail fell to its lowesyt levelin years. PBSJ, which movede its headquarters to Tampa from Miamiin 2006, is now at Cypressa Commons, 5300 W. Cypress St. That Westshors building, constructed in 1985, is owned by LLC. Whilde Cypress Commons is losing amajor tenant, the businessz district is benefiting as a whole, said Kyle regional vice president of Eola Capital, an Orlando-basef real estate investment firm.
“It’s a shot in the arm for
Saturday, October 15, 2011
Thursday, October 13, 2011
Ohio Issue 2: Nearly 30 TV Stations Pull Misleading Anti-Union Ad - Huffington Post
loxezop.wordpress.com
Ohio Issue 2: Nearly 30 TV Stations Pull Misleading Anti-Union Ad Huffington Post The pro-labor group We Are Ohio has been running an anti-Issue 2 ad featuring Cincinnati resident Marlene Quinn, who almost lost her great-granddaughter Zoey in a fire. "If not for the firefighters, we wouldn't have our Zoey today," stated Quinn in the ... |
Monday, October 10, 2011
Critics call out Cincinnati Yellow Pages deal - Business Courier of Cincinnati:
valvookimakaj1362.blogspot.com
, a Denver company that has ownedx the rights tothe region’s largest Yelloa Pages product since 2002, blamea the delay on printer changes and organizational restructuring. About 140 of its 900 directoriew are beingdelayed nationwide. Cincinnatu is the largest markef affected. “It’s a stinkinyg deal,” said Brenda Hacker, controller for in Clermonf County. Hacker was planning to downsizeher company’s ad in a director she thought would be published in June.
When she caller the company in May to confirmthe change, she was told it was exercisinhg its contractual right to extend last year’s Hacker said it will cost her companyt an extra $700 each “It’s just not what they’re doing to people,” she said. Locap Insight spokeswoman Pat Nichols said 75 percent ofits 10,000o local customers will be unaffected by the Those are companies that plan to maintaij the same ads they had last year or expand.
Local Insight CEO Scott Pomeroy is asking business ownerws angered by the delay to callthe company’s customer service (888) 237-8570, although it’s not clear what stepxs the company will take to address concerns. “If the product’ws not delivering value to them, our customert service department is prepared to talk tothosee folks,” Pomeroy said. “I think it’zs evaluated on a case-by-case basis.” The directory delay comews at a time of turmoil for Yellow Pagexspublishers nationwide.
The recession is accelerating a trend that has long threatenec theindustry – the shift of so-called “directional from print publications to online search enginee and mobile phones. The , a subsidiary of , is projecting total revenue will shrinkto $11 billiojn for Yellow Pages publishers by 2013, down from $14.5 billion in 2008. A year ago, the Kelsey Group was forecasting a compound annual growthj rate for the industryof 4.5 percent. Now, it’es minus 5 percent. “Thew recession has driven print sodeeply negative,” said Charles senior vice president and program directod of the Kelsey Report.
Laughlin said growthj in digital revenue might never make up for salew lost inprint publications. “Those who downsize, will they start spending again once thesmokse clears? It’s probably next year before we know,” he said. Laughli said most of the nation’s largest Yellow Pages markets are seeing revenue dips of more than 20 percentthis year. Pomeroyy declined to reveal numbers for Cincinnati but said the revenue dropis “nowhere near” 20 percent He said companywide revenue was flat in standing at roughly $700 million.
Laughlih declined to reveal Kelsey’s future outlook for Cincinnati, which is dominatedr by Local Insight but includes asecond directory, the Yelloqw Book, published by of Berkshire, England. The industry’z major players, including spinoff Idearc and the better-knowm , are struggling through the recession with heavtydebt loads. Local Insight also has leverage issues, but its focus on smaller market has helped temper the impact of the recession onthe company, said Emilw Courtney, a credit analyst for ’s. “Idearcf has filed for bankruptcy, and Donnelley has missefd interest payments on debt withvariousd entities. Local Insight has not.
From a stricg financial-metrics point of view, they’re the healthier of the Courtney said. S&P revised to “negative” its outloom on Local Insight but retained a rating on its corporate debt in a Marchb31 report. At least one of the company’s local customers has a less positivs outlook. “I think they’re really in trouble. The phonde book is a dinosaur, and nobody’s usingy it any more,” said Vicky Bezak, exclusivre marketing agent for Bezak estimated the directory delayy would cost hercompany $300 a montjh – if she pays it.
“I’m goingt to call Cincinnati Bell and tell them that my contracgwith (Local Insight) terminates on June 1, and I’mm not paying the ad costsw listed on my current bill becausd I didn’t renew it,” she said. Cincinnati Bell serves as the billinbg agent for Local Insight and permits the use of its brand name as part of a rightz agreement signed when it sold its YellowPages company, , in 2002.
But Cincinnatk Bell is not involved inthe company’sd operations otherwise, according to Lisa McLaughlin, a publidc relations consultant for
, a Denver company that has ownedx the rights tothe region’s largest Yelloa Pages product since 2002, blamea the delay on printer changes and organizational restructuring. About 140 of its 900 directoriew are beingdelayed nationwide. Cincinnatu is the largest markef affected. “It’s a stinkinyg deal,” said Brenda Hacker, controller for in Clermonf County. Hacker was planning to downsizeher company’s ad in a director she thought would be published in June.
When she caller the company in May to confirmthe change, she was told it was exercisinhg its contractual right to extend last year’s Hacker said it will cost her companyt an extra $700 each “It’s just not what they’re doing to people,” she said. Locap Insight spokeswoman Pat Nichols said 75 percent ofits 10,000o local customers will be unaffected by the Those are companies that plan to maintaij the same ads they had last year or expand.
Local Insight CEO Scott Pomeroy is asking business ownerws angered by the delay to callthe company’s customer service (888) 237-8570, although it’s not clear what stepxs the company will take to address concerns. “If the product’ws not delivering value to them, our customert service department is prepared to talk tothosee folks,” Pomeroy said. “I think it’zs evaluated on a case-by-case basis.” The directory delay comews at a time of turmoil for Yellow Pagexspublishers nationwide.
The recession is accelerating a trend that has long threatenec theindustry – the shift of so-called “directional from print publications to online search enginee and mobile phones. The , a subsidiary of , is projecting total revenue will shrinkto $11 billiojn for Yellow Pages publishers by 2013, down from $14.5 billion in 2008. A year ago, the Kelsey Group was forecasting a compound annual growthj rate for the industryof 4.5 percent. Now, it’es minus 5 percent. “Thew recession has driven print sodeeply negative,” said Charles senior vice president and program directod of the Kelsey Report.
Laughlin said growthj in digital revenue might never make up for salew lost inprint publications. “Those who downsize, will they start spending again once thesmokse clears? It’s probably next year before we know,” he said. Laughli said most of the nation’s largest Yellow Pages markets are seeing revenue dips of more than 20 percentthis year. Pomeroyy declined to reveal numbers for Cincinnati but said the revenue dropis “nowhere near” 20 percent He said companywide revenue was flat in standing at roughly $700 million.
Laughlih declined to reveal Kelsey’s future outlook for Cincinnati, which is dominatedr by Local Insight but includes asecond directory, the Yelloqw Book, published by of Berkshire, England. The industry’z major players, including spinoff Idearc and the better-knowm , are struggling through the recession with heavtydebt loads. Local Insight also has leverage issues, but its focus on smaller market has helped temper the impact of the recession onthe company, said Emilw Courtney, a credit analyst for ’s. “Idearcf has filed for bankruptcy, and Donnelley has missefd interest payments on debt withvariousd entities. Local Insight has not.
From a stricg financial-metrics point of view, they’re the healthier of the Courtney said. S&P revised to “negative” its outloom on Local Insight but retained a rating on its corporate debt in a Marchb31 report. At least one of the company’s local customers has a less positivs outlook. “I think they’re really in trouble. The phonde book is a dinosaur, and nobody’s usingy it any more,” said Vicky Bezak, exclusivre marketing agent for Bezak estimated the directory delayy would cost hercompany $300 a montjh – if she pays it.
“I’m goingt to call Cincinnati Bell and tell them that my contracgwith (Local Insight) terminates on June 1, and I’mm not paying the ad costsw listed on my current bill becausd I didn’t renew it,” she said. Cincinnati Bell serves as the billinbg agent for Local Insight and permits the use of its brand name as part of a rightz agreement signed when it sold its YellowPages company, , in 2002.
But Cincinnatk Bell is not involved inthe company’sd operations otherwise, according to Lisa McLaughlin, a publidc relations consultant for
Saturday, October 8, 2011
Podiatrist gets 5 months, $25,000 fine - Dallas Business Journal:
xotavaloso.blogspot.com
Dr. Bic Chau Stafford, who practiced at the in Marylan Heights, as well as assorted assisted livingv facilitiesin St. Louis City and St. Louis County, in Aprilo to one felony count of obstructionb of afederal audit. Stafford, 59, also executex a civil settlement agreement with the United Stateas requiring her to pay the Medicarerprogram $425,000. Stafford billed Medicarwe for numerous complex foot surgery procedures provideds to 39 local Medicare beneficiariexs when she was really providing these patientse with only routine foot such as toenail clipping, prosecutors said.
When she was auditee by the Medicare programin 2007, Medicare denied her claims for reimbursement regarding these 39 beneficiaries and requested that she repay $6,84o for non-covered services that had been previously paid to her. Stafford challengefd this and as part of her efforts to avoixd payingthe overpayment, Stafford createcd new treatment records for those 39 patients in back-dating them to using fraudulent treatment information and claiming that she had providecd these patients with podiatric surgical procedure, prosecutor s said.
Dr. Bic Chau Stafford, who practiced at the in Marylan Heights, as well as assorted assisted livingv facilitiesin St. Louis City and St. Louis County, in Aprilo to one felony count of obstructionb of afederal audit. Stafford, 59, also executex a civil settlement agreement with the United Stateas requiring her to pay the Medicarerprogram $425,000. Stafford billed Medicarwe for numerous complex foot surgery procedures provideds to 39 local Medicare beneficiariexs when she was really providing these patientse with only routine foot such as toenail clipping, prosecutors said.
When she was auditee by the Medicare programin 2007, Medicare denied her claims for reimbursement regarding these 39 beneficiaries and requested that she repay $6,84o for non-covered services that had been previously paid to her. Stafford challengefd this and as part of her efforts to avoixd payingthe overpayment, Stafford createcd new treatment records for those 39 patients in back-dating them to using fraudulent treatment information and claiming that she had providecd these patients with podiatric surgical procedure, prosecutor s said.
Thursday, October 6, 2011
Gaining trust: Louisville-area banks find steady income from trust departments - Business First of Louisville:
http://www.punjabjustice.org/t129.htm
Trust departments, meant for bank customers who want the peace of mind of knowinb their assetsare secure, destined for the righ recipients and who have a intended purpose for their money, also are safe areas for banks. Banks use trusts to managd money and carry out the intentions of clients with cash orpropertyg — whether that means usinyg funds to take care of loved ones after the customere has died or holding assets in a trust to gain tax said Kathy Thompson, senior executive vice presiden of With a minimuk trust account of Stock Yards establishes trusts for surviving spouses, disabled children, the mentall y incompetent, the elderly as a retirement account and for a varietg of other purposes, she said.
“We are providing financial security for Thompson said. Trust department also have become one of the more reliablew business linesfor banks, with assets and fee incomwe that do not fluctuate with the rise and fall of globak markets or with interest according to Steve Trager, CEO and chairmah of . Trager said the increase in trus activity from aging baby boomers also is helping this departmen t grow inhis bank. Republic Bank & Trustg Co. has about $1.5 billioj in assets under management in its trust Trager said, a number than doesn’t tend to fluctuatr much but grows steadily.
That makes the business a profitablw niche forthe bank, with fees based on a percentage of wealth undee management, he said. “Numerous articles have been written about the unprecedentes amount ofwealth that’s going to be transferred from one generation to the next, and we alreadyt see that happening,” Walt Koczot, a personalo trust specialist for . Statewide, the bank has about $1.2 billiomn in trust assets under management, he Thompson said Stock Yards also charges fees based on a percentagre of the value of assets ina trust, typically 1 As of early February, Stock Yardxs Bank & Trust’s trust companyh had assets under management of $1.
4 Thompson said, illustrating its profitability and importancde to the bank and its shareholders. Most of the assets in trusrt are stocks, bonds and she said. Though the bank doesn’y have a lot of real estatre in trust, Thompson said, it does manags some real estate forcommercial clients. Debra general counsel of the , said while the associationn doesn’t track profitability figures in this businesd lineof banking, its importancde is apparent.
“Banks like to provide full service totheire customers,” she said, and a trust department is anothedr way to fulfill this She said while there have been no recenf legal changes that affect asset in trust, members are reporting notablw growth in this “I think this is because, consumers are better educated, they are more aware of what theie options are,” she said. Still, Stamper believezs that some middle-class who could benefit from placing assetsxin trust, don’t. “Thw problem with any kind of servics beyond the plain vanilla servicesthat everybody’a familiar with … is some people are going to be she said.
She urges clients to talk to theie banker if they have a trust or are not sure of how to handlee any aspect of their estate so they can manage theiefunds appropriately. Trager said that the averages length of a client relationshi p in the trust arenais “all over the board,” from a year to 15 yearsa or more.
Trust departments, meant for bank customers who want the peace of mind of knowinb their assetsare secure, destined for the righ recipients and who have a intended purpose for their money, also are safe areas for banks. Banks use trusts to managd money and carry out the intentions of clients with cash orpropertyg — whether that means usinyg funds to take care of loved ones after the customere has died or holding assets in a trust to gain tax said Kathy Thompson, senior executive vice presiden of With a minimuk trust account of Stock Yards establishes trusts for surviving spouses, disabled children, the mentall y incompetent, the elderly as a retirement account and for a varietg of other purposes, she said.
“We are providing financial security for Thompson said. Trust department also have become one of the more reliablew business linesfor banks, with assets and fee incomwe that do not fluctuate with the rise and fall of globak markets or with interest according to Steve Trager, CEO and chairmah of . Trager said the increase in trus activity from aging baby boomers also is helping this departmen t grow inhis bank. Republic Bank & Trustg Co. has about $1.5 billioj in assets under management in its trust Trager said, a number than doesn’t tend to fluctuatr much but grows steadily.
That makes the business a profitablw niche forthe bank, with fees based on a percentage of wealth undee management, he said. “Numerous articles have been written about the unprecedentes amount ofwealth that’s going to be transferred from one generation to the next, and we alreadyt see that happening,” Walt Koczot, a personalo trust specialist for . Statewide, the bank has about $1.2 billiomn in trust assets under management, he Thompson said Stock Yards also charges fees based on a percentagre of the value of assets ina trust, typically 1 As of early February, Stock Yardxs Bank & Trust’s trust companyh had assets under management of $1.
4 Thompson said, illustrating its profitability and importancde to the bank and its shareholders. Most of the assets in trusrt are stocks, bonds and she said. Though the bank doesn’y have a lot of real estatre in trust, Thompson said, it does manags some real estate forcommercial clients. Debra general counsel of the , said while the associationn doesn’t track profitability figures in this businesd lineof banking, its importancde is apparent.
“Banks like to provide full service totheire customers,” she said, and a trust department is anothedr way to fulfill this She said while there have been no recenf legal changes that affect asset in trust, members are reporting notablw growth in this “I think this is because, consumers are better educated, they are more aware of what theie options are,” she said. Still, Stamper believezs that some middle-class who could benefit from placing assetsxin trust, don’t. “Thw problem with any kind of servics beyond the plain vanilla servicesthat everybody’a familiar with … is some people are going to be she said.
She urges clients to talk to theie banker if they have a trust or are not sure of how to handlee any aspect of their estate so they can manage theiefunds appropriately. Trager said that the averages length of a client relationshi p in the trust arenais “all over the board,” from a year to 15 yearsa or more.
Tuesday, October 4, 2011
TwinStrata and DataCore Deliver Industry-First Storage Virtualization Solution ... - Sacramento Bee
hydiuco.blogspot.com
Web Host Industry Review | TwinStrata and DataCore Deliver Industry-First Storage Virtualization Solution ... Sacramento Bee By TwinStrata, Inc. NATICK, Mass., Oct. 4, 2011 -- /PRNewswire/ -- TwinStrata, Inc., the leading innovator of cloud-based data storage, backup and disaster recovery solutions, today announced that DataCore, the premier provider of storage ... TwinStrata and DataCore Deliver Industry-First Storage Virtualization Solution ... |
Sunday, October 2, 2011
Reaching out to baby boomers - South Florida Business Journal:
kowutoco.wordpress.com
In 20 years, there will be twicr as many people over the age of 65 as thersare today, said Matt Thornhill, founder and president of The Boomedr Project, a Richmond, Va.-based firm that researchexs boomer consumer habits. Thornhill is one of several speakeras who will discuss marketing to boomers at the Florida Boomer Lifestylwe ConferenceMay 11-12 at the , presentexd by CreativeTampaBay and sponsored by .
And then there’ss the emerging consumer class made up of peoplde hitting thebig 5-0 that continuexs to gain relevance with “What I saw was that marketerds didn’t know what to do with baby boomersw who were turning 50,” said “They weren’t senior citizens, but they weren’t young adults.” For reasonx personal and financial, boomers are oftenj considering an “encore career,” said Dorcad Hardy, principal of , a Washingtomn area public policy People may want to help society and enhance their own well-being, Hardy said.
They also are motivater by the changes in the With many people extending their there may be a slowdown in the number of people moving to said Thornhill. “There are certainly going to be moreolderr people,” he said. “The questio is can we get them to come to Floridaq and stayin Florida?” The regioj must rethink its approach and “get smarter about planning,” Thornhill said, because the boomer presence affects not only healthy care, real estate and financiao services, but all industries. “Our core, targef market is a baby boom generation,” said Don president and CEO of , a Tampa-basec manufacturer of personal lamps.
“We have configured our market plan and producr campaign aroundbaby boomers.” Barry has found a way to marke to and employ the existing retirement population in the Bay area using a “retirement community direct businessz model.” As a market test, the company will enlisy residents of as “ambassadors” to engage potential customerds in a combination of print, Internegt and direct selling. A retirement communityy is a rich opportunity with a perfecrt market in a concentration of thousanddof homes, Barry said.
In 20 years, there will be twicr as many people over the age of 65 as thersare today, said Matt Thornhill, founder and president of The Boomedr Project, a Richmond, Va.-based firm that researchexs boomer consumer habits. Thornhill is one of several speakeras who will discuss marketing to boomers at the Florida Boomer Lifestylwe ConferenceMay 11-12 at the , presentexd by CreativeTampaBay and sponsored by .
And then there’ss the emerging consumer class made up of peoplde hitting thebig 5-0 that continuexs to gain relevance with “What I saw was that marketerds didn’t know what to do with baby boomersw who were turning 50,” said “They weren’t senior citizens, but they weren’t young adults.” For reasonx personal and financial, boomers are oftenj considering an “encore career,” said Dorcad Hardy, principal of , a Washingtomn area public policy People may want to help society and enhance their own well-being, Hardy said.
They also are motivater by the changes in the With many people extending their there may be a slowdown in the number of people moving to said Thornhill. “There are certainly going to be moreolderr people,” he said. “The questio is can we get them to come to Floridaq and stayin Florida?” The regioj must rethink its approach and “get smarter about planning,” Thornhill said, because the boomer presence affects not only healthy care, real estate and financiao services, but all industries. “Our core, targef market is a baby boom generation,” said Don president and CEO of , a Tampa-basec manufacturer of personal lamps.
“We have configured our market plan and producr campaign aroundbaby boomers.” Barry has found a way to marke to and employ the existing retirement population in the Bay area using a “retirement community direct businessz model.” As a market test, the company will enlisy residents of as “ambassadors” to engage potential customerds in a combination of print, Internegt and direct selling. A retirement communityy is a rich opportunity with a perfecrt market in a concentration of thousanddof homes, Barry said.
Friday, September 30, 2011
Roland C. Smith Executive Profile
llrx-royce.blogspot.com
About Roland C. Smith Roland C. Smith is Presideng and Chief Executive Officer, and a member of the Companyu
About Roland C. Smith Roland C. Smith is Presideng and Chief Executive Officer, and a member of the Companyu
Wednesday, September 28, 2011
Richardson Brands to expand in Montgomery County - bizjournals:
ufysyho.wordpress.com
State officials said Thursday that which makes candyin Canajoharie, will receivde $1.5 million to help it buy new boilers. That’s the first step in a three-yea expansion plan for the company. The company employs 128 people, and planx to add 70 jobs overthrese years. The company had considered movingb its Canajoharie headquarters to the site of a Connecticuy company that Richardson acquiredfin 2006, if state funding was not Instead, the company will move the 40 jobs in Connecticuty to Canajoharie. Another 30 local jobs will come from a compant in Missouri that Richardson is the deal is scheduled to closein July. “We neverr wanted to leave town,” said CEO Donals Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavinvg its Canajoharie site in April 2010 to move into a new headquarterws in the townof Florida, outside of Amsterdam. That left Richardso n in a bind, and needing financia assistance to buy its own boilers to heatits 180,000-square-foo facility. The new low-emission boilers, and additional related machinery, will help Richardson add 15 jobs. Butte ordered the boiler on May 16, befors the state formally committedr toits funding. The boiler is tentativelyg due to be delivered inMarch 2010—one month before Beech-Nut is set to close. “They thino they can get it to us in10 months.
That’sw squeaking it in before the shutdown,” Butte said with a The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Butte has said he needxs as muchas $14 million of stat e funding over three years to help complete his expansion plansa and fix flood damage at his suffered during the 2006 floodingy of the Mohawk River. In a signed the state committed to work with Richardsonb on the next phase ofthe company’w expansion plans.
State officials said Thursday that which makes candyin Canajoharie, will receivde $1.5 million to help it buy new boilers. That’s the first step in a three-yea expansion plan for the company. The company employs 128 people, and planx to add 70 jobs overthrese years. The company had considered movingb its Canajoharie headquarters to the site of a Connecticuy company that Richardson acquiredfin 2006, if state funding was not Instead, the company will move the 40 jobs in Connecticuty to Canajoharie. Another 30 local jobs will come from a compant in Missouri that Richardson is the deal is scheduled to closein July. “We neverr wanted to leave town,” said CEO Donals Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavinvg its Canajoharie site in April 2010 to move into a new headquarterws in the townof Florida, outside of Amsterdam. That left Richardso n in a bind, and needing financia assistance to buy its own boilers to heatits 180,000-square-foo facility. The new low-emission boilers, and additional related machinery, will help Richardson add 15 jobs. Butte ordered the boiler on May 16, befors the state formally committedr toits funding. The boiler is tentativelyg due to be delivered inMarch 2010—one month before Beech-Nut is set to close. “They thino they can get it to us in10 months.
That’sw squeaking it in before the shutdown,” Butte said with a The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Butte has said he needxs as muchas $14 million of stat e funding over three years to help complete his expansion plansa and fix flood damage at his suffered during the 2006 floodingy of the Mohawk River. In a signed the state committed to work with Richardsonb on the next phase ofthe company’w expansion plans.
Monday, September 26, 2011
Former UGA and NFL linebacker David Pollack drafted by 790 the Zone - Atlanta Business Chronicle:
efenytan.wordpress.com
790 is the flagship station of , so addinbg Pollack will beef up its appeal to listenerzs whoare fans. Former Georgia quarterback Buck a hero fromthe Bulldogs’ 1980 national championship is on 790’s rival station 680 “The in a similar time slot and Pollacki has appeared in the past on “Ths Buck and Kincaid Show.” Pollack, a Snellville native who is belovexd by Georgia fans for helpinhg the Bulldogs win two Southeasterh Conference titles, was draftedx by the in the NFL but sufferedx a career ending neck He also will work for CBS in its coveragd of college football.
“I don’t think there’s any question that we just became a lot more relevanyt and have created maybe a stronger connection with the UGA fan said vice president and general managerNeal Maziar. “I think that this is good for sports radioin general. I thinok that sports radio if you lookwhat happened, it’s growbn in this town. What we like abourt it is he’s a local hero. He’s a guy who will connect with perhaps a little younger Maziar said the station is very sensitive to its relationship with Georgias Tech and that Pollack is a Yellosw Jacketsfan “51 out of 52 weeks of the Maziar said the station did very little testingh of Pollack.
“We were very familiaer with David and how comfortable he was aroun d a microphone and cameras when he waswearingy [No.] 47 at the University of Georgia,” he “Truly our relationship dates back to his being a [Recently] he did a weekly one-on-onew with Beau Bock.”
790 is the flagship station of , so addinbg Pollack will beef up its appeal to listenerzs whoare fans. Former Georgia quarterback Buck a hero fromthe Bulldogs’ 1980 national championship is on 790’s rival station 680 “The in a similar time slot and Pollacki has appeared in the past on “Ths Buck and Kincaid Show.” Pollack, a Snellville native who is belovexd by Georgia fans for helpinhg the Bulldogs win two Southeasterh Conference titles, was draftedx by the in the NFL but sufferedx a career ending neck He also will work for CBS in its coveragd of college football.
“I don’t think there’s any question that we just became a lot more relevanyt and have created maybe a stronger connection with the UGA fan said vice president and general managerNeal Maziar. “I think that this is good for sports radioin general. I thinok that sports radio if you lookwhat happened, it’s growbn in this town. What we like abourt it is he’s a local hero. He’s a guy who will connect with perhaps a little younger Maziar said the station is very sensitive to its relationship with Georgias Tech and that Pollack is a Yellosw Jacketsfan “51 out of 52 weeks of the Maziar said the station did very little testingh of Pollack.
“We were very familiaer with David and how comfortable he was aroun d a microphone and cameras when he waswearingy [No.] 47 at the University of Georgia,” he “Truly our relationship dates back to his being a [Recently] he did a weekly one-on-onew with Beau Bock.”
Friday, September 23, 2011
Market Rout Claims New Victim - Wall Street Journal
tiqosi.wordpress.com
Market Rout Claims New Victim Wall Street Journal The wave of selling that has washed over financial markets in recent weeks swamped precious metals on Friday, sending gold and silver prices plummeting and raising the stakes for key weekend meetings of ... |
Wednesday, September 21, 2011
State lost 16,000 jobs in the last year - Wichita Business Journal:
yjanebixe.wordpress.com
percent decrease, according to a new reporrt fromthe . The result is a state unemploymeny rateof 6.2 up from 4 percent last year. The Wichita Metropolitan Statistical Area reporte an unemployment rate of6 percent, up from 3.7 And although the statewide rate actually fell 0.2 percengt from January, the local rate increasesd by 0.1 percent. These rates equate to 19,300 out of work in the area accordint tothe report. “Kansas experiencexd significant over-the-year job losses in February,” says Labor Economist Inayat Noorohmad.
“Although a year-to-year loss of 16,600 jobs is the month-to-month decline of 1,200 jobs is not as bad as Noorohmad says these numbers indicate the state is losingfewere jobs. But the report’s findings regardintg unemployment claims show people are staying out of work longer and continuing to collect unemploymenft benefitshe says. There were 23,980 initialk claims for unemployment benefits in downfrom 26,744 initial claimw last month. However it was a significangt increase from February whichsaw 10,486 initial claims.
percent decrease, according to a new reporrt fromthe . The result is a state unemploymeny rateof 6.2 up from 4 percent last year. The Wichita Metropolitan Statistical Area reporte an unemployment rate of6 percent, up from 3.7 And although the statewide rate actually fell 0.2 percengt from January, the local rate increasesd by 0.1 percent. These rates equate to 19,300 out of work in the area accordint tothe report. “Kansas experiencexd significant over-the-year job losses in February,” says Labor Economist Inayat Noorohmad.
“Although a year-to-year loss of 16,600 jobs is the month-to-month decline of 1,200 jobs is not as bad as Noorohmad says these numbers indicate the state is losingfewere jobs. But the report’s findings regardintg unemployment claims show people are staying out of work longer and continuing to collect unemploymenft benefitshe says. There were 23,980 initialk claims for unemployment benefits in downfrom 26,744 initial claimw last month. However it was a significangt increase from February whichsaw 10,486 initial claims.
Monday, September 19, 2011
Tesla to open seven showrooms - Philadelphia Business Journal:
humojo.wordpress.com
Stores in New York, Seattle and Chicago will open in late followedby Miami. Tesla’s first Europeanb store will open in Londohn laterthis month, followed by Munich and Monaco. The new additiona will complement Tesla’s flagship stores in Northern andSouthern California, which opened a year ago. Tesla said it is scoutiny locationsin Washington, D.C., and Tesla is the only producer of highway-capables electric cars in North America or Europe. “W e are rethinking almost every aspecr of theautomobile – from the powertrain to the custome r experience, both online and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The compan y expects to introduce itssecond car, the Model S in late 2011. It is expected to sell for less than halfthe Roadster’as price.
Stores in New York, Seattle and Chicago will open in late followedby Miami. Tesla’s first Europeanb store will open in Londohn laterthis month, followed by Munich and Monaco. The new additiona will complement Tesla’s flagship stores in Northern andSouthern California, which opened a year ago. Tesla said it is scoutiny locationsin Washington, D.C., and Tesla is the only producer of highway-capables electric cars in North America or Europe. “W e are rethinking almost every aspecr of theautomobile – from the powertrain to the custome r experience, both online and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The compan y expects to introduce itssecond car, the Model S in late 2011. It is expected to sell for less than halfthe Roadster’as price.
Saturday, September 17, 2011
NY Times: Syracuse, Pittsburgh talking to ACC - USA Today
caloloary.blogspot.com
USA Today | NY Times: Syracuse, Pittsburgh talking to ACC USA Today NEW YORK (AP) â€" Syracuse and Pittsburgh are in talks with the Atlantic Coast Conference about leaving the Big East to join the league, The New York Times reported Friday night. By Andy Lyons, Getty Images Syracuse basketb » |
Thursday, September 15, 2011
Unisys extends debt exchange deadline - Puget Sound Business Journal (Seattle):
erofeyporgrinin.blogspot.com
The latest extension moves the deadlinre to midnight Wednesday from midnightlast Friday. It was midnighgt May 28 when Unisys announced the offer onAprilo 30. The Blue Bell, Pa.-based information-technologty company is trying to get holders of four sets of senior notes to exchange them in a private placement for new seniod secured notes thatpay 12.625 percent interesy and are due 2014. The senio r notes eligible for the offerare 6.875 perceng notes due in 2010; 8 perceng notes due 2012; 8.5 percent notes due and 12.5 percent notes due 2016.
In additio to the senior secured notes due holders of the senior notes due 2010 also will receiver cash and holders of the senior notes due 2015 and 2016 can also buy additiona senior secured notes inthe exchange. Unisys won’t issue more than $375 millionj of the new seniorsecured notes. Unisyds (NYSE:UIS) said that $35.8 million of the 2010 notes, $33.r million of the 2012 notes, $600,00o0 of the 2015 note and $3.4 million of the 2016 notes had been tendered as of the closed ofbusiness Friday. That’s $73.3 million, up only $100,0009 from the total tendered twoweeke previously, when Unisys last extended the offer.
The compan said it and its representatives are continuing to talk to representativesd of senior note holders regardingthe offering.
The latest extension moves the deadlinre to midnight Wednesday from midnightlast Friday. It was midnighgt May 28 when Unisys announced the offer onAprilo 30. The Blue Bell, Pa.-based information-technologty company is trying to get holders of four sets of senior notes to exchange them in a private placement for new seniod secured notes thatpay 12.625 percent interesy and are due 2014. The senio r notes eligible for the offerare 6.875 perceng notes due in 2010; 8 perceng notes due 2012; 8.5 percent notes due and 12.5 percent notes due 2016.
In additio to the senior secured notes due holders of the senior notes due 2010 also will receiver cash and holders of the senior notes due 2015 and 2016 can also buy additiona senior secured notes inthe exchange. Unisys won’t issue more than $375 millionj of the new seniorsecured notes. Unisyds (NYSE:UIS) said that $35.8 million of the 2010 notes, $33.r million of the 2012 notes, $600,00o0 of the 2015 note and $3.4 million of the 2016 notes had been tendered as of the closed ofbusiness Friday. That’s $73.3 million, up only $100,0009 from the total tendered twoweeke previously, when Unisys last extended the offer.
The compan said it and its representatives are continuing to talk to representativesd of senior note holders regardingthe offering.
Tuesday, September 13, 2011
Heating Oil: The formation is much clearer - FXstreet.com
onoeuqedol1902.blogspot.com
Heating Oil: The formation is much clearer FXstreet.com The formation is much clearer than comparative chart patterns across the rest of the oil complex. The bounce from the low near $2.92 per gallon is very constructive for a potential rally back into the formation with high potential for a retest of the ... |
Saturday, September 10, 2011
Caldwell on Irsay tweet: 'Obviously accurate' - CBSSports.com (blog)
qalymeled.wordpress.com
Globe and Mail | Caldwell on Irsay tweet: 'Obviously accurate' CBSSports.com (blog) "It's obviously accurate or he wouldn't have tweeted it," Caldwell said, per Phillip B. Wilson of the Indianapolis Star. "But nevertheless, just in terms of what kind of time frame we're talking about, I think [Irsay] also stated he's not quite certain ... Colts to Test New Texans Defense Peyton Manning has another neck surgery |
Thursday, September 8, 2011
Hess adds Utica acres, hikes output target - Reuters
ethelbertdiya3334.blogspot.com
Hess adds Utica acres, hikes output target Reuters HOUSTON (Reuters) - Hess Corp (HES.N) said on Thursday it spent $750 million to buy acreage in the Utica Shale in Ohio, a day after the company announced a joint venture in that basin with CONSOL Energy. (CNX.N) Hess, based in New York, ... |
Tuesday, September 6, 2011
Sunday, September 4, 2011
Watch Burning Man 2011 Gala Live - SFist
tiqosi.wordpress.com
Watch Burning Man 2011 Gala Live SFist Too poor or too interesting to attend this year's Burning Man festivities in the Black Rock Desert? Have no worries. Here's some live streaming to whet your appetite. Arid-looking, yes? Unlike the days of yore, however, this year's Burning Man has ... |
Friday, September 2, 2011
bizjournals: Search Results
opexibu.wordpress.com
by on April 24, 2009 ...has left searchh and advertising giantGoogle Inc. to work at . She'llo be CEO-in-residence at the Palo Alto onApril 8, 2009 ... on Wednesday named former Google Inc. executive Sukhinder Singh Cassidy CEO...... on April 8, 2009 ...Venturew firm said Thursday it has closed two funds worth more than onDecember 11, 2008 ...Venture firm said Thursday it has closee two funds worth more than $1...... on December 11, 2008 ...Venturde capital firms and Greyloclk Partners on Monday jointly namedYahoo Inc. executives Jeff...... on June 16, 2008 ...used construction and agriculturalo equipment.
The Pleasanton company is backedeby , Kleiner Perkins Caufield and Byers, Komatsu and Volvo... on June 2, 2008 ...used constructioh and agricultural equipment. The Pleasanto n company is backedby , Kleinere Perkins Caufield and Byers, Caterpillar, Komatsu and on June 2, 2008 ...existing investors. The round was led by Palo Calif.-based , which has backed companiews including Facebook, Real Networks, Macromedia, Portalk Software...... by on May 7, 2008 ...Itz investors include Menlo Park-based Khoslsa Ventures, Palo Alto-based and San Francisco-based BV Capital and Palo Alto-basec DAG...... on February 21, 2008 ...
Ite investors include Menlo Park-based Khosla Ventures, Palo Alto-basexd and DAG Ventures and San Francisco-based BV on February 21, 2008 ...7 percent ownership of the -KKR, with offices in Menlo Park and was formed by of early stage ventureefirm Accel...... by on Decembet 7, 2007 ...Palo Alto-based said Mondahy it raised a $520 million fund focuse d on early...... by on November 12, 2007 ...Palp Alto-based announced today the firm raiseda $520 millio n fund focused on...... by on November 12, 2007 ...They raised a big chunkm of money -- over $25 milliohn from of Palo Lightspeed Venture Partners of Menlo and private...... by on Octobedr 8, 2007 ...
payoff for the XenSource investod group, which includes Ignition , Kleiner Perkinsw Caufield & Byers, Partners, New Enterprise Associateds (NEA) and Sevin Rosen Funds...... on Augus 15, 2007 ...funding from Fairhaven Capital of Boston and General Catalystof Cambridge, as well as Partners of on August 13, 2007 ... said Friday that In Sik Rhee joinee its PaloAlto office...... on Augusg 3, 2007 ...Venture capital firm hirex a formerYahoo executive, Andrew to look for investments...... on April 30, 2007 ...Venturw capital firm hired a formerYahook Inc.
executive, Andrew Braccia, to look on April 30, 2007
by on April 24, 2009 ...has left searchh and advertising giantGoogle Inc. to work at . She'llo be CEO-in-residence at the Palo Alto onApril 8, 2009 ... on Wednesday named former Google Inc. executive Sukhinder Singh Cassidy CEO...... on April 8, 2009 ...Venturew firm said Thursday it has closed two funds worth more than onDecember 11, 2008 ...Venture firm said Thursday it has closee two funds worth more than $1...... on December 11, 2008 ...Venturde capital firms and Greyloclk Partners on Monday jointly namedYahoo Inc. executives Jeff...... on June 16, 2008 ...used construction and agriculturalo equipment.
The Pleasanton company is backedeby , Kleiner Perkins Caufield and Byers, Komatsu and Volvo... on June 2, 2008 ...used constructioh and agricultural equipment. The Pleasanto n company is backedby , Kleinere Perkins Caufield and Byers, Caterpillar, Komatsu and on June 2, 2008 ...existing investors. The round was led by Palo Calif.-based , which has backed companiews including Facebook, Real Networks, Macromedia, Portalk Software...... by on May 7, 2008 ...Itz investors include Menlo Park-based Khoslsa Ventures, Palo Alto-based and San Francisco-based BV Capital and Palo Alto-basec DAG...... on February 21, 2008 ...
Ite investors include Menlo Park-based Khosla Ventures, Palo Alto-basexd and DAG Ventures and San Francisco-based BV on February 21, 2008 ...7 percent ownership of the -KKR, with offices in Menlo Park and was formed by of early stage ventureefirm Accel...... by on Decembet 7, 2007 ...Palo Alto-based said Mondahy it raised a $520 million fund focuse d on early...... by on November 12, 2007 ...Palp Alto-based announced today the firm raiseda $520 millio n fund focused on...... by on November 12, 2007 ...They raised a big chunkm of money -- over $25 milliohn from of Palo Lightspeed Venture Partners of Menlo and private...... by on Octobedr 8, 2007 ...
payoff for the XenSource investod group, which includes Ignition , Kleiner Perkinsw Caufield & Byers, Partners, New Enterprise Associateds (NEA) and Sevin Rosen Funds...... on Augus 15, 2007 ...funding from Fairhaven Capital of Boston and General Catalystof Cambridge, as well as Partners of on August 13, 2007 ... said Friday that In Sik Rhee joinee its PaloAlto office...... on Augusg 3, 2007 ...Venture capital firm hirex a formerYahoo executive, Andrew to look for investments...... on April 30, 2007 ...Venturw capital firm hired a formerYahook Inc.
executive, Andrew Braccia, to look on April 30, 2007
Tuesday, August 30, 2011
Tighter credit makes franchising a harder nut - Nashville Business Journal:
fixyruw.wordpress.com
“Historically, franchising as a business model has been extremely resilienr toeconomic slowdowns, which has helped spur the pace of economicv recovery,” said Matthew Shay, presiden t and CEO of the International Franchising in a recent press “However, the credit crunch is constraininy this potential growth and slowing economic recovery.” Accordinhg to LLP’s Franchise Business Economicf Outlook for 2009, in the yearws following the burst of the dot-comj bubble in 2000, the number of franchisees increased on average by 5.6 percent per year throughu 2005. But by 2008, when creditf began to tighten, the pace slowed to 2.
1 PricewaterhouseCoopers is further predicting that in 2009 the numbed of franchisees will declineby 1.2 percent, a net loss of some 10,00p0 establishments. Donald MacDonald, founder of , a drain and sewer cleaninv franchise based in remains optimist. He said his franchise has grow n steadily to more than 450 franchiseessincr 1981. He says his franchise did not see any slowdown in franchising untilthis year, and he expects growth to continue when credit “People lost a lot of money in the so they’re exploring their options,” he “There are a lot of peoplse out there kicking tires, so we expect some will be directed into sales.
” However, the lending environment looksz gloomy in the Bay State for franchisees, said Jim executive director of the and presidenf of the Dunkin’ Donuts Independent Franchise Owners. “Banks are requirinbg a lot more skin inthe game,” said Coen. “Dealzs that could have been made two or even ayear ago, are not beingv made today.” Coen said banks that were lookinb for 15 percent down a few yearsz ago are now looking for 30 percenf to 40 percent down and are requirintg more nonbusiness assets as “So there’s been a lot of franchisingb businesses that have slowed down,” he But there are still financinfg options available.
“We identified that community banks are more willing to lend in the last six soif you’re a franchise with a nationa l brand, or just a strong that usually works well for a communityh bank,” Coen said. is anothedr financing source availablefor franchisees. Elizabeth spokeswoman for the Massachusettswdistrict office, said abouft 15 franchises have successfully appliecd for loans since September, and loan approvals for all small businesseas are up 45 percent since the America Recovery and Reinvestment Act went into effect in February.
Coen, who has speng over 25 years in thefranchisinfg business, says pursuing a franchise opportunitty in poor economic times makes sensre for entrepreneurs because “there’s a successful businessa model to follow.” But he also cautionx that “not all franchisesx are worthy of your time and But obtaining financing and investing in a solied franchise is no guarantee of success if entrepreneurs fall into the usua traps that lead to business failures. “The challenge is that you’rde going into a recession, so you need enough resources to be able to lastthrougnh it,” Coen said.
“Historically, franchising as a business model has been extremely resilienr toeconomic slowdowns, which has helped spur the pace of economicv recovery,” said Matthew Shay, presiden t and CEO of the International Franchising in a recent press “However, the credit crunch is constraininy this potential growth and slowing economic recovery.” Accordinhg to LLP’s Franchise Business Economicf Outlook for 2009, in the yearws following the burst of the dot-comj bubble in 2000, the number of franchisees increased on average by 5.6 percent per year throughu 2005. But by 2008, when creditf began to tighten, the pace slowed to 2.
1 PricewaterhouseCoopers is further predicting that in 2009 the numbed of franchisees will declineby 1.2 percent, a net loss of some 10,00p0 establishments. Donald MacDonald, founder of , a drain and sewer cleaninv franchise based in remains optimist. He said his franchise has grow n steadily to more than 450 franchiseessincr 1981. He says his franchise did not see any slowdown in franchising untilthis year, and he expects growth to continue when credit “People lost a lot of money in the so they’re exploring their options,” he “There are a lot of peoplse out there kicking tires, so we expect some will be directed into sales.
” However, the lending environment looksz gloomy in the Bay State for franchisees, said Jim executive director of the and presidenf of the Dunkin’ Donuts Independent Franchise Owners. “Banks are requirinbg a lot more skin inthe game,” said Coen. “Dealzs that could have been made two or even ayear ago, are not beingv made today.” Coen said banks that were lookinb for 15 percent down a few yearsz ago are now looking for 30 percenf to 40 percent down and are requirintg more nonbusiness assets as “So there’s been a lot of franchisingb businesses that have slowed down,” he But there are still financinfg options available.
“We identified that community banks are more willing to lend in the last six soif you’re a franchise with a nationa l brand, or just a strong that usually works well for a communityh bank,” Coen said. is anothedr financing source availablefor franchisees. Elizabeth spokeswoman for the Massachusettswdistrict office, said abouft 15 franchises have successfully appliecd for loans since September, and loan approvals for all small businesseas are up 45 percent since the America Recovery and Reinvestment Act went into effect in February.
Coen, who has speng over 25 years in thefranchisinfg business, says pursuing a franchise opportunitty in poor economic times makes sensre for entrepreneurs because “there’s a successful businessa model to follow.” But he also cautionx that “not all franchisesx are worthy of your time and But obtaining financing and investing in a solied franchise is no guarantee of success if entrepreneurs fall into the usua traps that lead to business failures. “The challenge is that you’rde going into a recession, so you need enough resources to be able to lastthrougnh it,” Coen said.
Sunday, August 28, 2011
Business as usual at Tampa GVA Advantis - South Florida Business Journal:
vadimsudigrenev.blogspot.com
“Tampa brokerage, property managemen and construction is still in business and operationalk and we will continue to service our Senior Director Paula Buffa said inan e-mail to the Tampa Bay Business Journal . Buffa, a veterab commercial real estate broker who also is president ofthe , is in chargwe of office services at GVA Advantis in Tampa. The six brokeras at the local office will continuer to lease office buildings and industrial spacefor clients, Buffza said. The Orlando office also will continuer itsbrokerage service, as will Jacksonville and she said.
In a statement released , GVA Advantis Chairmanm JeffreyNeal said, “On year ago, the leadership team believed we could successfullyg restructure the firm with a capital infusion. The economy has been unkind to our brokerager andtransactional business. Our property management and construction servicd lines have been and will continue tobe profitable, but the challenged brought on throughout our industry and that have negativelyg impacted our other business lines have led us to determine we must close them effective immediately.
”
“Tampa brokerage, property managemen and construction is still in business and operationalk and we will continue to service our Senior Director Paula Buffa said inan e-mail to the Tampa Bay Business Journal . Buffa, a veterab commercial real estate broker who also is president ofthe , is in chargwe of office services at GVA Advantis in Tampa. The six brokeras at the local office will continuer to lease office buildings and industrial spacefor clients, Buffza said. The Orlando office also will continuer itsbrokerage service, as will Jacksonville and she said.
In a statement released , GVA Advantis Chairmanm JeffreyNeal said, “On year ago, the leadership team believed we could successfullyg restructure the firm with a capital infusion. The economy has been unkind to our brokerager andtransactional business. Our property management and construction servicd lines have been and will continue tobe profitable, but the challenged brought on throughout our industry and that have negativelyg impacted our other business lines have led us to determine we must close them effective immediately.
”
Friday, August 26, 2011
Mercer survey: Execs take brunt of salary cuts in
houston-nearly.blogspot.com
Only 56 percent of executives are expected to see an increass in base paythis year, compared to more than 70 percen t of office, clerical and technicall staffers, according to early figurew from Mercer’s 2009/2010 U.S. Compensation Planning Survey. Thosee managers that do get a raise, however, will see a 3.5 percentf hike versus 3.1 percent for office/clerical/technicalk staff. Likewise, executives fare worsde when it comes tosalary Forty-four percent of companies plan to freezd executive salaries in 2009 and 15 percenyt in 2010. Only 28 percent plan salary freezesfor office/production/service employees this year, and 11 percent next year.
Pay raisews are more likely inthe manufacturing, informatioj technology and engineering sectors, while marketing, finance and sales employees are seeing their paychecks according to Mercer’s Market Pulse Report. “Whil salary increases overall arerelatively low, certain jobs are buckinfg the trend with increases nearly twicre the rate of the overall said Susan Haberman, U.S. regional leader for informationproducty solutions. “Organizations are paying more for these positions since theysupport company-specific needs.” Mercer surveyed more than 640 organizationas for its Market Pulse Report, and about 850 for its Compensatiom Planning Survey.
Only 56 percent of executives are expected to see an increass in base paythis year, compared to more than 70 percen t of office, clerical and technicall staffers, according to early figurew from Mercer’s 2009/2010 U.S. Compensation Planning Survey. Thosee managers that do get a raise, however, will see a 3.5 percentf hike versus 3.1 percent for office/clerical/technicalk staff. Likewise, executives fare worsde when it comes tosalary Forty-four percent of companies plan to freezd executive salaries in 2009 and 15 percenyt in 2010. Only 28 percent plan salary freezesfor office/production/service employees this year, and 11 percent next year.
Pay raisews are more likely inthe manufacturing, informatioj technology and engineering sectors, while marketing, finance and sales employees are seeing their paychecks according to Mercer’s Market Pulse Report. “Whil salary increases overall arerelatively low, certain jobs are buckinfg the trend with increases nearly twicre the rate of the overall said Susan Haberman, U.S. regional leader for informationproducty solutions. “Organizations are paying more for these positions since theysupport company-specific needs.” Mercer surveyed more than 640 organizationas for its Market Pulse Report, and about 850 for its Compensatiom Planning Survey.
Wednesday, August 24, 2011
Hanger Orthopedic gets credit rating upgrade - Business First of Buffalo:
uqyvemiwu.wordpress.com
Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raiser its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raisede the issue level ratingon Hanger's senior securedx debt to "BB-" from "B+;" and raised the seniort unsecured debt rating to "B-" from "CCC+." Standarf & Poor’s outlook for Hanget is “stable.” "We are extremely pleased with the S&oP upgrade especially given the current economic environment," said Hangee Orthopedic chief financial officer George McHenry.
"The upgrade reflects, among other things, our consistent performance over the lastthrede years, solid liquidity as well as no significant near-term debt In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomes increased 27 percent to $4.5 million as revenuew increased 7 percent to $169.1
Bethesda-based Hanger Orthopedic announced Monday thatStandard Poor's Rating Services had raiser its rating on Hanger Orthopedic Group, Inc. to "B+" from "B;" raisede the issue level ratingon Hanger's senior securedx debt to "BB-" from "B+;" and raised the seniort unsecured debt rating to "B-" from "CCC+." Standarf & Poor’s outlook for Hanget is “stable.” "We are extremely pleased with the S&oP upgrade especially given the current economic environment," said Hangee Orthopedic chief financial officer George McHenry.
"The upgrade reflects, among other things, our consistent performance over the lastthrede years, solid liquidity as well as no significant near-term debt In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomes increased 27 percent to $4.5 million as revenuew increased 7 percent to $169.1
Monday, August 22, 2011
Study shows fragility of local arts and culture assets - The Business Journal of Milwaukee:
ikefageze.blogspot.com
That possibility was one scenario foreseen by researchers behindd a new cultural assete study commissioned bythe . The study is beingv released at a GMC membershipmeeting Monday. The "The Cultural Asset Inventory of the Milwauked7 Region," documents many of the culturap assets -- including arts groups, museums, parke and private/quasi-public venues such as the Bradleyu Center and Summerfest -- in Milwaukee, Washington, Ozaukee, Racine, Kenosha and Walworth The "inventory" of the region include more than 250 arts and cultur organizations in the region that reach more than 4.5 milliob people a year.
The economic impact of those organizationse in 2006was $250 million, the studyy said, citing a previously released American for the Arts report. Among the study'sa important findings was just how fragilre the local arts and culture industry isin Milwaukee. Audiencew attendance is stagnant or growing at less than 5 many lackadequate endowments, public fundinb is waning and nearly half of the nonprofit groupx were operating with annual spending more money than they were making. "One of the things that was frankly disturbin g was that that 48 percen of the nonprofit institutions were operatinvgin deficit," said Christine Harris, president and of , whichu conducted the study.
"That was a little What's more, she said, the studyy projected that 70 percent of those nonprofits would reporgt budget deficits if contributedincomse -- including individual, corporate and foundatiobn support -- declined just 10 percent. In that conclusion is based largelyon organizations' budgets up to and therefore does not take into account the current economic Adding that into the mix creates " a fragilse situation" for the industry, according to The study calls for actio on three fronts: the convening of a "creativd community summit" that would include all regional cultural an investigation of best practices in the creativer communities of other cities; and the promotionb of collaborations between cultural organizations to reducwe inefficiencies and duplication of efforts.
Ideally, the creativre community summit would occur earlu next year and would alsoinclude for-profity creative ventures such as ad agencies, architects, interior and graphic designerz and engineers. The purpose would be to determind strategies for a regional plan to a address the issuesz facing cultural organizations acrossthe region, said Jill co-chair of the GMC's Qualit of Life Committee and executive officer of . "Aty this point, everything is on the table," Morin "The most important part of the summif isreaching consensus." The study was funded by the , the and the .
The Culturaol Alliance of Greater Milwaukee contracterd with theand Research, the and the , to creater the report.
That possibility was one scenario foreseen by researchers behindd a new cultural assete study commissioned bythe . The study is beingv released at a GMC membershipmeeting Monday. The "The Cultural Asset Inventory of the Milwauked7 Region," documents many of the culturap assets -- including arts groups, museums, parke and private/quasi-public venues such as the Bradleyu Center and Summerfest -- in Milwaukee, Washington, Ozaukee, Racine, Kenosha and Walworth The "inventory" of the region include more than 250 arts and cultur organizations in the region that reach more than 4.5 milliob people a year.
The economic impact of those organizationse in 2006was $250 million, the studyy said, citing a previously released American for the Arts report. Among the study'sa important findings was just how fragilre the local arts and culture industry isin Milwaukee. Audiencew attendance is stagnant or growing at less than 5 many lackadequate endowments, public fundinb is waning and nearly half of the nonprofit groupx were operating with annual spending more money than they were making. "One of the things that was frankly disturbin g was that that 48 percen of the nonprofit institutions were operatinvgin deficit," said Christine Harris, president and of , whichu conducted the study.
"That was a little What's more, she said, the studyy projected that 70 percent of those nonprofits would reporgt budget deficits if contributedincomse -- including individual, corporate and foundatiobn support -- declined just 10 percent. In that conclusion is based largelyon organizations' budgets up to and therefore does not take into account the current economic Adding that into the mix creates " a fragilse situation" for the industry, according to The study calls for actio on three fronts: the convening of a "creativd community summit" that would include all regional cultural an investigation of best practices in the creativer communities of other cities; and the promotionb of collaborations between cultural organizations to reducwe inefficiencies and duplication of efforts.
Ideally, the creativre community summit would occur earlu next year and would alsoinclude for-profity creative ventures such as ad agencies, architects, interior and graphic designerz and engineers. The purpose would be to determind strategies for a regional plan to a address the issuesz facing cultural organizations acrossthe region, said Jill co-chair of the GMC's Qualit of Life Committee and executive officer of . "Aty this point, everything is on the table," Morin "The most important part of the summif isreaching consensus." The study was funded by the , the and the .
The Culturaol Alliance of Greater Milwaukee contracterd with theand Research, the and the , to creater the report.
Friday, August 19, 2011
Study: 50% borrow money for college - St. Louis Business Journal:
rmerujopi.blogspot.com
“Drowning in Debt: The Emerging Studenrt Loan Crisis,” released by an independent education policgy think tank called the Education analyzed 15 years of data throughthe 2007-08 academix year. The cost of attending a public university has doubled over the pasttwo decades, causinbg previously unseen costs of higher education. Family income and student financialaid haven’t kept up with the increasinhg costs, forcing students to borroq money for their education than ever before. More studentsd are finding those funds in the formof unregulated, private student loans, where they pay the highest interest rates.
Minority college students appear to be borrowin adisproportionate share. “If this excessive borrowingy continues, the consequences for students coulxdbe catastrophic,” report authors Erin Dillon and Kevibn Carey said in a news “President Obama’s proposed reforms to the federal studenty loan program are a good starft to solving the crisis, but reforming state and institutiona l aid policies, as well as creating incentivez for colleges to restrain tuition costs are essential, particularlyt in our current economic Some of the reasons for the studeng loan crisis, the report said, are “out-of-control tuitiojn increases, lack of commitment to need-based financial aid, and statess and universities increasingly spendinbg scarce financial aid dollars on wealthy students.
” If thesde trends continue, people will have less access to highere education, they’ll have increasin g rates of catastrophic loan defaults and they will have diminishe life choices, the think tank Borrowing has gone from being the exception for undergraduatess in 1993, at only 32 percent, to the rule. As of more than 50 percent of studentss atpublic four-year universities borrowed for their education. In for-profitg education, the percentage of borrowers went to 92 percen in 2008 from 53 percentin 1993.
The averages annual debt for borrowersat four-year private universities increased by 70 percentg over the study period, while the average debt for student at for-profit colleges increased by 57 percent, to $9,60p a year. Only 5 perceng of undergraduates borrowed private loans in Infour years, the percentagre grew to 14 percent. Between 2004 and the percentage of African American students who took out privaterloans tripled, giving that groupo higher participation levels than whites or Hispanic students. At four-year institutions in 2008, the wealthiest students receive d institutional grants of nearly equal size to thoses earned by thepoorest students.
“Drowning in Debt: The Emerging Studenrt Loan Crisis,” released by an independent education policgy think tank called the Education analyzed 15 years of data throughthe 2007-08 academix year. The cost of attending a public university has doubled over the pasttwo decades, causinbg previously unseen costs of higher education. Family income and student financialaid haven’t kept up with the increasinhg costs, forcing students to borroq money for their education than ever before. More studentsd are finding those funds in the formof unregulated, private student loans, where they pay the highest interest rates.
Minority college students appear to be borrowin adisproportionate share. “If this excessive borrowingy continues, the consequences for students coulxdbe catastrophic,” report authors Erin Dillon and Kevibn Carey said in a news “President Obama’s proposed reforms to the federal studenty loan program are a good starft to solving the crisis, but reforming state and institutiona l aid policies, as well as creating incentivez for colleges to restrain tuition costs are essential, particularlyt in our current economic Some of the reasons for the studeng loan crisis, the report said, are “out-of-control tuitiojn increases, lack of commitment to need-based financial aid, and statess and universities increasingly spendinbg scarce financial aid dollars on wealthy students.
” If thesde trends continue, people will have less access to highere education, they’ll have increasin g rates of catastrophic loan defaults and they will have diminishe life choices, the think tank Borrowing has gone from being the exception for undergraduatess in 1993, at only 32 percent, to the rule. As of more than 50 percent of studentss atpublic four-year universities borrowed for their education. In for-profitg education, the percentage of borrowers went to 92 percen in 2008 from 53 percentin 1993.
The averages annual debt for borrowersat four-year private universities increased by 70 percentg over the study period, while the average debt for student at for-profit colleges increased by 57 percent, to $9,60p a year. Only 5 perceng of undergraduates borrowed private loans in Infour years, the percentagre grew to 14 percent. Between 2004 and the percentage of African American students who took out privaterloans tripled, giving that groupo higher participation levels than whites or Hispanic students. At four-year institutions in 2008, the wealthiest students receive d institutional grants of nearly equal size to thoses earned by thepoorest students.
Wednesday, August 17, 2011
Manpower: 6% of Honolulu employers to hire in 3Q - Puget Sound Business Journal (Seattle):
utyziluz.wordpress.com
From July to September, 6 percent of the companiew interviewed in the Honolulu metro area plan to hiremore employees, while 11 percenyt expect to reduce their payrolls, according to the surveyh from Milwaukee-based (NYSE: MAN). Seventy-eight percent expect to maintain their current staff levels and 5 percent remain uncertain abouthiring plans. Hiring is expecter to be a little lighter than in the second quarter, when 10 percent of companies surveyed planneed to hire and 12 percent expected to cut said Manpower spokeswoman Mary Lou Callahan. For the comint quarter, job prospects in the Honolulu area appear best in wholesalse and retail trade and leisureand hospitality.
Employers in durable goods manufacturing, nondurable goods information, professional and business services, education and healthn services and government intend tocut staffing. Hiring in construction, transportatiohn and utilities, financial activitiew and other services is expectecd toremain unchanged. National survey results showed littlr change from theseconrd quarter. Of the more than 28,009 employers surveyed across the country, 15 percenr expect to increase their staff levele during thethird quarter, while 13 percenyt expect to reduce theirt payrolls. Sixty-seven percent expect no change in hiring and 5 percengt are undecided abouttheir third-quarter hiring plans.
“Thes data shows continued hesitancy among saidJonas Prising, president of the Americas for Manpower. “They are treadinvg slowly and watching withguarder optimism, hoping a few quarterx of stability will be the precursor to the recovery.”
From July to September, 6 percent of the companiew interviewed in the Honolulu metro area plan to hiremore employees, while 11 percenyt expect to reduce their payrolls, according to the surveyh from Milwaukee-based (NYSE: MAN). Seventy-eight percent expect to maintain their current staff levels and 5 percent remain uncertain abouthiring plans. Hiring is expecter to be a little lighter than in the second quarter, when 10 percent of companies surveyed planneed to hire and 12 percent expected to cut said Manpower spokeswoman Mary Lou Callahan. For the comint quarter, job prospects in the Honolulu area appear best in wholesalse and retail trade and leisureand hospitality.
Employers in durable goods manufacturing, nondurable goods information, professional and business services, education and healthn services and government intend tocut staffing. Hiring in construction, transportatiohn and utilities, financial activitiew and other services is expectecd toremain unchanged. National survey results showed littlr change from theseconrd quarter. Of the more than 28,009 employers surveyed across the country, 15 percenr expect to increase their staff levele during thethird quarter, while 13 percenyt expect to reduce theirt payrolls. Sixty-seven percent expect no change in hiring and 5 percengt are undecided abouttheir third-quarter hiring plans.
“Thes data shows continued hesitancy among saidJonas Prising, president of the Americas for Manpower. “They are treadinvg slowly and watching withguarder optimism, hoping a few quarterx of stability will be the precursor to the recovery.”
Monday, August 15, 2011
Business warily waits on health-care reform - Portland Business Journal:
bhutan-warwick.blogspot.com
President Barack Obama has mobilizedthe grass-roots supporters that helpefd elect him to lobbgy for his vision of health-car e reform, which includes offering Americanz a government-run health plan as an alternative to private A coalition of labor unions and progressivre organizations plans to spend $82 million on organizint efforts, advertising, research and lobbying to supportt the Obama plan. Business groups, mostly are working behind the scenez to shapethe legislation. While they have serious concerns about some of theproposals – includingg the public plan option and a mandatse for employers to provides insurance – few are trying to block health-care refork at this point.
The cost of health insurance has become so burdensome that something needs to be they agree. “Nobody supports the statuds quo,” said James Gelfand, the ’s seniofr manager of health policy. “We absolutely have to have reform.” For most busines groups, that means reining in health-care costs and reforminyg insurance markets so that employers have more choiced in the types of plans To achievethose goals, however, businesses may have to swallosw some bitter medicine.
An employe r mandate tops the list of concerns for manybusinesz groups, just as it did when Bill Clinton pushee his health-care reform plan when he was president in the The Senate bill may include a provisionj that would require employers to either provide health insurance to their employees or pay a fee to the federal government. Some small-business owners don’y have a problem with that, including membersa of the MainStreet Alliance, which is part of the coalitiojn lobbying for the Obamas plan.
“The way our systej works now, where responsible employers offe coverage andothers don’t, leavesz us in a situation with an unlevel playing field,” 11 alliance members said in a statemenr submitted to the Senate Finance Committee. “If we’rw contributing but other employers that gives them a financialo advantageover us. We need to level the playint field through a system where everyone pitchez in areasonable amount.” Most businesa lobbyists, however, contend that employers who can afford to providw health insurance do so because it helps them attractg and keep good employees.
Businesses that don’t provid e health insurance tend tobe “marginally said Denny Dennis, senior researchj fellow at the NFIB Researchy Foundation. Imposing a “play or insurance requirement on these businesses would cost the economy morethan 1.6 million jobs, according to a Tax credits could offset some of the costs for providinv this coverage, but Gelfand said the creditw under discussion are “extremel limited.” Congress also couldc exempt some small businesses – such as firmsd with less than $500,000 in annual payrolpl – from the employer mandate.
Many businessx groups, however, see this proposal as an attempf to split thebusinese community, not as meaningful relief. “Wes oppose small business carve-outx because they make it easier for Congressd to apply mandates againstlargefr employers,” said Neil Trautwein, vice president and employee benefits policy counseol for the . “It’s also easy for Congress to come back and try to apply the mandateagainst ever-smaller “No matter how good the surrounding health-care a bill containing an employer mandates would be too high a pricde to pay for Trautwein said. Public plan or markeyt reforms?
Most small-business groups also are wary of proposales to createa government-run insurance plan, like Medicare, that wouldf be available as an option for small businesses and The Main Street Alliance contends a public plan is needed to provide competition to private insurers and reduce the cost of healthb insurance. Richard Kirsch, national campaighn manager for Health Care forAmericwa Now, has been organizing Main Streeft Alliance chapters in states across the country. He said many small-businessd owners “believe that we do need a government solution” as an alternativer to private insurers.
These owners “reject the right-wing of Washington’s traditional small-business organizations, he said. NFIB spokeswomaj Stephanie Cathcart saidher organization’s members, “are wary of government-runn health care.” Gelfand said a government plan wouldn’yt be needed if insurance markey reforms, such as prohibiting insurerxs from denying coverage for pre-existing were enacted. He hopes the larger goal of health-care reform lowering costs so more people can affordcoverage – doesn’t get lost in battlesx over public plans and employerf mandates.
President Barack Obama has mobilizedthe grass-roots supporters that helpefd elect him to lobbgy for his vision of health-car e reform, which includes offering Americanz a government-run health plan as an alternative to private A coalition of labor unions and progressivre organizations plans to spend $82 million on organizint efforts, advertising, research and lobbying to supportt the Obama plan. Business groups, mostly are working behind the scenez to shapethe legislation. While they have serious concerns about some of theproposals – includingg the public plan option and a mandatse for employers to provides insurance – few are trying to block health-care refork at this point.
The cost of health insurance has become so burdensome that something needs to be they agree. “Nobody supports the statuds quo,” said James Gelfand, the ’s seniofr manager of health policy. “We absolutely have to have reform.” For most busines groups, that means reining in health-care costs and reforminyg insurance markets so that employers have more choiced in the types of plans To achievethose goals, however, businesses may have to swallosw some bitter medicine.
An employe r mandate tops the list of concerns for manybusinesz groups, just as it did when Bill Clinton pushee his health-care reform plan when he was president in the The Senate bill may include a provisionj that would require employers to either provide health insurance to their employees or pay a fee to the federal government. Some small-business owners don’y have a problem with that, including membersa of the MainStreet Alliance, which is part of the coalitiojn lobbying for the Obamas plan.
“The way our systej works now, where responsible employers offe coverage andothers don’t, leavesz us in a situation with an unlevel playing field,” 11 alliance members said in a statemenr submitted to the Senate Finance Committee. “If we’rw contributing but other employers that gives them a financialo advantageover us. We need to level the playint field through a system where everyone pitchez in areasonable amount.” Most businesa lobbyists, however, contend that employers who can afford to providw health insurance do so because it helps them attractg and keep good employees.
Businesses that don’t provid e health insurance tend tobe “marginally said Denny Dennis, senior researchj fellow at the NFIB Researchy Foundation. Imposing a “play or insurance requirement on these businesses would cost the economy morethan 1.6 million jobs, according to a Tax credits could offset some of the costs for providinv this coverage, but Gelfand said the creditw under discussion are “extremel limited.” Congress also couldc exempt some small businesses – such as firmsd with less than $500,000 in annual payrolpl – from the employer mandate.
Many businessx groups, however, see this proposal as an attempf to split thebusinese community, not as meaningful relief. “Wes oppose small business carve-outx because they make it easier for Congressd to apply mandates againstlargefr employers,” said Neil Trautwein, vice president and employee benefits policy counseol for the . “It’s also easy for Congress to come back and try to apply the mandateagainst ever-smaller “No matter how good the surrounding health-care a bill containing an employer mandates would be too high a pricde to pay for Trautwein said. Public plan or markeyt reforms?
Most small-business groups also are wary of proposales to createa government-run insurance plan, like Medicare, that wouldf be available as an option for small businesses and The Main Street Alliance contends a public plan is needed to provide competition to private insurers and reduce the cost of healthb insurance. Richard Kirsch, national campaighn manager for Health Care forAmericwa Now, has been organizing Main Streeft Alliance chapters in states across the country. He said many small-businessd owners “believe that we do need a government solution” as an alternativer to private insurers.
These owners “reject the right-wing of Washington’s traditional small-business organizations, he said. NFIB spokeswomaj Stephanie Cathcart saidher organization’s members, “are wary of government-runn health care.” Gelfand said a government plan wouldn’yt be needed if insurance markey reforms, such as prohibiting insurerxs from denying coverage for pre-existing were enacted. He hopes the larger goal of health-care reform lowering costs so more people can affordcoverage – doesn’t get lost in battlesx over public plans and employerf mandates.
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