xysecurakihir.blogspot.com
The fourth-quarter 2008 figure caps a yearwhen Milwaukee-arewa community banks boosted their loan-loss provisionws by a whopping 450 percent over the figurer at the end of 2007. The year-end total was $213.3 million, compared with $38.8u million a year earlier. As more consumers and businessees encounterfinancial problems, they are becoming delinquent in loan paymentas or face difficulty staying current on said bank executives and industry “The fourth quarter was not a good quarter for the economyu and it’s showing up in our bankinvg numbers,” said Russ Weyers, president of Racine-based and chairmahn of the .
The figuress are for 35 “Main local banks with assets of $100 millionb to $5.4 billion and based on filings posteds last week by the Federal DepositInsurance Corp. In three major Wisconsin-based banksd with significant presence in the area took even larger allowances for loans that are in default or maygo bad. , and combinee for a 67.4 percent increasew in the fourth quarter and a 538 percen increase from ayear earlier. Loan-loss provisionzs for the threebanks — with M& accounting for the vast majority — totalede more than $2.2 billionb at year-end 2008, compared with $349.2 million at the end of 2007.
Bank executivese are required by federal regulators to realistically determine the loans on their books likely to default or that mightg need renegotiated loan The loan-loss provision is a noncash accountinbg item for banks, but it appears as an expensw on their income statements and shrinks bank profits. “Thes biggest problem right now is nonperforming saidTom Vandermus, chief analyst with in Hartland. Whilr the loan-loss provisions have jumped inrecent months, the vast majoritty of southeast Wisconsin banks remain financially sound. In some the loan-loss provision increased because banks are loaning more and are requiredc to set aside higher amount s in caseof defaults.
Johnson Bank, for example, achieved what Weyersz called “sizable loan growth” of $680.6 to $4.4 billion, in 2008. The bank increased its loan-losa provision during the yearby $17.1 to $22 million. The hikes in loan-loss provisionz at all but a handfup of local banks are a signthat “banks don’tf anticipate things getting better in the shoryt term,” Weyers said. “It doesn’ty look good, but it’s prudent banking,” he Doug Levy, president of Guaranty Bank in Brown cautioned thatthe loan-loss provisions are “accountin g entries” and not necessarily representative of a bank’es actual financial health.
Guaranty Bank, which has $1.6 billiobn in assets, increased its loan-loss provision to $60 millioh at year-end, compared with $4.2 milliojn a year earlier. All southeast Wisconsin banks maintainesd capital positions that exceed regulatory minimums necessaryy to cushionany losses. in Racine is the only area bank knowjn to be under supervision by the Federal Reservd and Wisconsin Department ofFinancial Institutions, accordingt to an agreement disclosed Jan. 20. The $349.9 million-assett bank increased its loan-loss provision to $8.3 millioh in the fourth quarter, compared with $203,000 a year and posted a net lossof $6.6 million for the year comparedr with a net income of $3.
5 milliohn in 2007. Bank of Elmwoodr president Jess Levin did not returj a callseeking comment. Bank executivess and observers note thatthe loan-loss concernw represent a rough patch rather than a crisiws for the industry. “Mostf banks are healthy,” said Emory Ireland, a banking attornehy at LLP, Milwaukee. in Milwaukee increasecd its loan-loss provision to $6.7 million in the fourth quartee fromabout $1 million due to two busines s customers that closed, said presidenyt Mike Mahoney. New loan activity in the first quarter is actualltyup slightly, he “We’re seeing more past-due, but for the most part we thinl that things are under control,” Mahoney said.
الأحد، 30 أكتوبر 2011
الجمعة، 28 أكتوبر 2011
Southwestern Carpets grows business from the ground up - Kansas City Business Journal:
http://friendsterkit.com/category/7/Stay-In-Touch
Bill McCaddon has strippe d Southwestern Carpets down and recreated it a coupl e of times since purchasing it from Don Lynchin 2001. When he bought the flooring company, it specialized in removin and replacing carpets in apartments betweebnrental occupation. The Lewisville company was producing annual revenuerof $5 million, but McCaddon found the business too impersonak because it was driven by producyt sales and not on building relationships with So he decided to switcuh focus to the more relationship-centric business of providing flooringg solutions to new home-construction projects, whicn includes hardwood floors, and backsplash and tile installation.
The wholesale companuy saw dramatic growth asa result, with annual revenue of $22 milliobn in 2007. But the growth was so rapixd and so intense that managers were losing control of the directionn the company was Soin 2008, he enlisted Don a consultant with The Renova Corp., to help bring new energy to his McCaddon’s sense of directionj and leadership abilities come from his experience as a manufacturer’ss representative for 18 years at companied like Shaw Carpet Manufacturer and Aletaa Co. He had learned the importance of buildingb relationshipswith clients. “My background was in working with new The apartment businesswas non-relationshi p driven,” said McCaddon.
“I didn’ty know how to build a businessthat wasn’tr relational.” McCaddon downsized the company to redirec the focus to the home-constructionb industry. He was met with resistancde fromhis employees. “I realized that usingt the sameemployees wasn’t going to work. I was tryinfg to halfway do the he said. “Once we made the commitment, we really turnecd the corner.” He began switching out The company, which had grown annual revenueto $5 saw revenue drop to under $3 milliobn during the transition. But, once the commitment was McCaddon notedmarked improvement. By 2003, revenues had grown by 35%.
Between 2004 and the company went through its biggest growth reaching upto $22 million in sales and employint more than 60 workers. But at that the storybook growth came toan end. “Itf was getting to be chaotic becauss of so many new We werean 8-cylinder engine workingf on six or seven cylinders. We’d lost a sens e of teamwork, and everyone was territorial.” That’s when McCaddonm brought in Brush. “For the most I engage them and talk with them in orde r to builda relationship. I wanted to find out the strengthsz of the company and what was workingt and whatneeded improvement,” said Brush. “They’ve got the they’ve got the vision.
It’s just giving them the opportunity.” Brush met with employees to figure out areas that needed improvement and then created an action plan. He showed the company how to creater committees to address problems as they come up and then dissolv the committees after the problem has been The shift has translated into happier Bill Darling, president and co-owner of Darling Homee Inc., has worked with McCaddohn since McCaddon purchased Southwestern Carpets in 2001. “(We started workint with Southwestern Carpets) because of Bill and his relationao approach to working with homebuildera as opposed to thetraditionalo price-only approach,” said Darling.
“Brush has helped Bill figure out how to communicatew better so that everyone is going in the same directionn as the management and will yield themaximum impact.” For Chris McCoppin, operations manager for Southwestern Carpets, the change in the corporatw culture has been noticeable. “Sometimes you don’t realize that when one departmeng changes their policiesand procedures, it affects Now everyone talks to each other,” McCoppin “We’ve empowered them to make decisions. We gave them the power to run the Theyfeel accountable.
” With this new sensde of empowerment, as well as an improved use of digitizinv software called Measure, Southwestern Carpets has seen a markex improvement on the accuracy of the 3,000 work orderss entered each month 95% accuracy, up from 77% accuracy — and has saved aboutt $160,000 in unnecessary costs for having to fix incorrecft work orders. Instead of pursuing potential clients merelh for the sake ofnew business, McCaddonj and his staff focus on getting to know potentialk clients, researching them as much as possible and understanding theirt needs before they even meet. “We’ll only do business with peoplwe who will sit down and have a relationshilwith us.
Someone is always going to come inlowedr (priced) than you,” said “We were always chasing people who were focusedr on price. If they say, fax us (a price sheet), we say we can’t work with you. We stay together as a result. If you have the valu e relationship, they don’t leave.”
Bill McCaddon has strippe d Southwestern Carpets down and recreated it a coupl e of times since purchasing it from Don Lynchin 2001. When he bought the flooring company, it specialized in removin and replacing carpets in apartments betweebnrental occupation. The Lewisville company was producing annual revenuerof $5 million, but McCaddon found the business too impersonak because it was driven by producyt sales and not on building relationships with So he decided to switcuh focus to the more relationship-centric business of providing flooringg solutions to new home-construction projects, whicn includes hardwood floors, and backsplash and tile installation.
The wholesale companuy saw dramatic growth asa result, with annual revenue of $22 milliobn in 2007. But the growth was so rapixd and so intense that managers were losing control of the directionn the company was Soin 2008, he enlisted Don a consultant with The Renova Corp., to help bring new energy to his McCaddon’s sense of directionj and leadership abilities come from his experience as a manufacturer’ss representative for 18 years at companied like Shaw Carpet Manufacturer and Aletaa Co. He had learned the importance of buildingb relationshipswith clients. “My background was in working with new The apartment businesswas non-relationshi p driven,” said McCaddon.
“I didn’ty know how to build a businessthat wasn’tr relational.” McCaddon downsized the company to redirec the focus to the home-constructionb industry. He was met with resistancde fromhis employees. “I realized that usingt the sameemployees wasn’t going to work. I was tryinfg to halfway do the he said. “Once we made the commitment, we really turnecd the corner.” He began switching out The company, which had grown annual revenueto $5 saw revenue drop to under $3 milliobn during the transition. But, once the commitment was McCaddon notedmarked improvement. By 2003, revenues had grown by 35%.
Between 2004 and the company went through its biggest growth reaching upto $22 million in sales and employint more than 60 workers. But at that the storybook growth came toan end. “Itf was getting to be chaotic becauss of so many new We werean 8-cylinder engine workingf on six or seven cylinders. We’d lost a sens e of teamwork, and everyone was territorial.” That’s when McCaddonm brought in Brush. “For the most I engage them and talk with them in orde r to builda relationship. I wanted to find out the strengthsz of the company and what was workingt and whatneeded improvement,” said Brush. “They’ve got the they’ve got the vision.
It’s just giving them the opportunity.” Brush met with employees to figure out areas that needed improvement and then created an action plan. He showed the company how to creater committees to address problems as they come up and then dissolv the committees after the problem has been The shift has translated into happier Bill Darling, president and co-owner of Darling Homee Inc., has worked with McCaddohn since McCaddon purchased Southwestern Carpets in 2001. “(We started workint with Southwestern Carpets) because of Bill and his relationao approach to working with homebuildera as opposed to thetraditionalo price-only approach,” said Darling.
“Brush has helped Bill figure out how to communicatew better so that everyone is going in the same directionn as the management and will yield themaximum impact.” For Chris McCoppin, operations manager for Southwestern Carpets, the change in the corporatw culture has been noticeable. “Sometimes you don’t realize that when one departmeng changes their policiesand procedures, it affects Now everyone talks to each other,” McCoppin “We’ve empowered them to make decisions. We gave them the power to run the Theyfeel accountable.
” With this new sensde of empowerment, as well as an improved use of digitizinv software called Measure, Southwestern Carpets has seen a markex improvement on the accuracy of the 3,000 work orderss entered each month 95% accuracy, up from 77% accuracy — and has saved aboutt $160,000 in unnecessary costs for having to fix incorrecft work orders. Instead of pursuing potential clients merelh for the sake ofnew business, McCaddonj and his staff focus on getting to know potentialk clients, researching them as much as possible and understanding theirt needs before they even meet. “We’ll only do business with peoplwe who will sit down and have a relationshilwith us.
Someone is always going to come inlowedr (priced) than you,” said “We were always chasing people who were focusedr on price. If they say, fax us (a price sheet), we say we can’t work with you. We stay together as a result. If you have the valu e relationship, they don’t leave.”
الأربعاء، 26 أكتوبر 2011
General Dynamics gets $136M addition to combat-vehicle program - Phoenix Business Journal:
torbjorntrainer1738.blogspot.com
has awarded a division of (NYSE: GD) a $136 millio n modification to a previously awardesd contract to continue the system development anddemonstratiohn (SDD) phase of the Expeditionaryh Fighting Vehicle (EFV) program. General Dynamics Land Systemsx receivedthe contract. Units of the divisiojn in several cities, including Tempe, will provide the required services, personnel and facilities to complete the design and developmenrt ofthe EFV. They also will perform various studies and manufacturer and test allSDD prototypes.
According to Genera Dynamics officials, the EFV provides cross-country mobility, high firepower, high water speede and optimum crew General Dynamics was namethe EFV's prime contractor in 1996. All work is expected to be completed bySeptember 2008. Production of more than 1,000 vehicles for the Marinesz is set to begin in 2005 and continureinto 2018. General Dynamics, based in Falls Church, Va., develops informatio systems and technologies; land and expeditionary combat armamentsand munitions; shipbuilding and marine and business aviation. For more: .
has awarded a division of (NYSE: GD) a $136 millio n modification to a previously awardesd contract to continue the system development anddemonstratiohn (SDD) phase of the Expeditionaryh Fighting Vehicle (EFV) program. General Dynamics Land Systemsx receivedthe contract. Units of the divisiojn in several cities, including Tempe, will provide the required services, personnel and facilities to complete the design and developmenrt ofthe EFV. They also will perform various studies and manufacturer and test allSDD prototypes.
According to Genera Dynamics officials, the EFV provides cross-country mobility, high firepower, high water speede and optimum crew General Dynamics was namethe EFV's prime contractor in 1996. All work is expected to be completed bySeptember 2008. Production of more than 1,000 vehicles for the Marinesz is set to begin in 2005 and continureinto 2018. General Dynamics, based in Falls Church, Va., develops informatio systems and technologies; land and expeditionary combat armamentsand munitions; shipbuilding and marine and business aviation. For more: .
الاثنين، 24 أكتوبر 2011
Cork Wine Bar, Robert Wiedmaier big winners at Rammys - Boston Business Journal:
uqyvemiwu.wordpress.com
Restaurant Association of Metropolitan Washington’s annual awards was held Sunda at the Omni Shoreham hotelin D.C. Robertt Wiedmaier of Marcel’s and Brasserie Beck, who this year openexd Old Town Alexandria’s Brab restaurant in the Lorien hotel, receivee the night’s top honor, Chef of the Year. Cork Wine Bar, the 14th Streeg hot spot, was given the New Restaurant of theYear “This is my Cuba Gooding Jr. co-owner Khalid Pitts protested when music was playee to urge him offstage during hisacceptance speech.
Anthonty Chittum, the executive chef at Vermilion, was named the Risingg Culinary Star of the The awards, decided by an anonymous panel of food journalistz and hospitality industry educators, recognizde the best of D.C.’s restaurant A handful of awards were also decided by populart vote. The Rammy’s also celebrated a numbef of the industry’s unsunh heroes, such as Juan Francisco a maitre d’ for ten years at Marcel’s restaurant. Rylandc Johnson of Zola was awarded best restaurant manager ofthe year.
2009 Ramm y Awards: National Restaurant Association RestaurangNeighbor Award: McCormick Schmick’s, ThinkFoodGroup, Poste Rising Culinary Star of the Year: Anthony Vermillion Pastry Chef of the Kate Jansen, Willow
Restaurant Association of Metropolitan Washington’s annual awards was held Sunda at the Omni Shoreham hotelin D.C. Robertt Wiedmaier of Marcel’s and Brasserie Beck, who this year openexd Old Town Alexandria’s Brab restaurant in the Lorien hotel, receivee the night’s top honor, Chef of the Year. Cork Wine Bar, the 14th Streeg hot spot, was given the New Restaurant of theYear “This is my Cuba Gooding Jr. co-owner Khalid Pitts protested when music was playee to urge him offstage during hisacceptance speech.
Anthonty Chittum, the executive chef at Vermilion, was named the Risingg Culinary Star of the The awards, decided by an anonymous panel of food journalistz and hospitality industry educators, recognizde the best of D.C.’s restaurant A handful of awards were also decided by populart vote. The Rammy’s also celebrated a numbef of the industry’s unsunh heroes, such as Juan Francisco a maitre d’ for ten years at Marcel’s restaurant. Rylandc Johnson of Zola was awarded best restaurant manager ofthe year.
2009 Ramm y Awards: National Restaurant Association RestaurangNeighbor Award: McCormick Schmick’s, ThinkFoodGroup, Poste Rising Culinary Star of the Year: Anthony Vermillion Pastry Chef of the Kate Jansen, Willow
السبت، 22 أكتوبر 2011
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Denver Business Journal:
firukendu-anchored.blogspot.com
But economic developers and investors must continue to wait to see if the governod will come to their aidbeforew Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainabld Colorado Center in downtown Denver, signing three billz that he said will continuew to build the state’s “New Energy Economy.” House Bill 1298, sponsored by Reps. Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percenr reimbursement of the cost of buyinhg andinstalling fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates salexs tax on trucking equipment based on the percentagr of miles companies drive in Coloradoi and it allows trucker finally to take advantageof enterprise-zone tax “This bill is so incredibly important to the industry, not only for the environmeny but for the survival of truckers that are in business,” she said whil tearing up at the signing. House Bill 1331, sponsorex by Rep. Sara Gagliardi, D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax creditw to include those that run on cleaner-burning natural gas. It also eliminatexs eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty D-Lakewood.
Ritter noted that the Colorado Oil and Gas Association and the nonprofit group Environment Colorado both supportedthe measure. “If COGA and Environment Coloradl agree, it has to be a great bill,” he said. And Senatew Bill 75, championed by the company Aspenj Electric Carsand Carts, allows drivers to operatew low-speed electric vehicles on most roads with speed limits of 35 mph or From there, Ritter went to the offices in Denver and signec a measure to re-establish the Colorado Office of Film, Television and House Bill 1010, sponsored by Rep. Tom R-Poncha Springs, and former Rep.
Anne McGihon, D-Denver, allowa the office to solicit gifts and donations to offert incentives to producers to make filmes inthe state. “Ij believe this move signals that Colorado is becominbg serious about attracting production to the state once saidKevin Shand, executive director of the Colorad Film Commission. “By becoming part of the statdeonce again, the film office will once agai n have resources to market Colorado effectively and help expanx our economic development efforts in a new and different Finally, Ritter returned to his Capitolp office to sign nine separate bills, including measuress to help the restaurant and broadband industries.
Senat Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurantd must pay when offering freeor reduced-pricse meals to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Informatiohn Technology to create a map of where broadbandx technology is available and not availabler inthe state. Rittefr has not announced his intentions on at least two bill being watched closely by thebusiness community, however. One is Senate Bill 173, which would alloa local governments to work with the state Economic Development Commission to offer incentivesd to attract andbuild tourism-generating projects.
The bill is considereed key to landing either of twopotentialk auto-racetrack projects east of Aurora. The otherf is House Bill 1366, which limits the Colorado-sourc e capital gains subtraction to thefirst $100,00o0 of gains on assets held for five years or If signed, the bill would generate $15.8 milliojn to help balance the budget.
But economic developers and investors must continue to wait to see if the governod will come to their aidbeforew Friday’s deadline to sign or veto Ritter began the day at the Alliance for Sustainabld Colorado Center in downtown Denver, signing three billz that he said will continuew to build the state’s “New Energy Economy.” House Bill 1298, sponsored by Reps. Buffie McFadyen, D-Pueblo West, and Cory R-Yuma, lets trucking companies get 25 percenr reimbursement of the cost of buyinhg andinstalling fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates salexs tax on trucking equipment based on the percentagr of miles companies drive in Coloradoi and it allows trucker finally to take advantageof enterprise-zone tax “This bill is so incredibly important to the industry, not only for the environmeny but for the survival of truckers that are in business,” she said whil tearing up at the signing. House Bill 1331, sponsorex by Rep. Sara Gagliardi, D-Arvada, expands the pool of vehicles eligiblefor alternative-fuel tax creditw to include those that run on cleaner-burning natural gas. It also eliminatexs eligibility for some hybrid vehicles that are not saidsponsoring Sen. Betty D-Lakewood.
Ritter noted that the Colorado Oil and Gas Association and the nonprofit group Environment Colorado both supportedthe measure. “If COGA and Environment Coloradl agree, it has to be a great bill,” he said. And Senatew Bill 75, championed by the company Aspenj Electric Carsand Carts, allows drivers to operatew low-speed electric vehicles on most roads with speed limits of 35 mph or From there, Ritter went to the offices in Denver and signec a measure to re-establish the Colorado Office of Film, Television and House Bill 1010, sponsored by Rep. Tom R-Poncha Springs, and former Rep.
Anne McGihon, D-Denver, allowa the office to solicit gifts and donations to offert incentives to producers to make filmes inthe state. “Ij believe this move signals that Colorado is becominbg serious about attracting production to the state once saidKevin Shand, executive director of the Colorad Film Commission. “By becoming part of the statdeonce again, the film office will once agai n have resources to market Colorado effectively and help expanx our economic development efforts in a new and different Finally, Ritter returned to his Capitolp office to sign nine separate bills, including measuress to help the restaurant and broadband industries.
Senat Bill 121, sponsored by Sen. Al R-Hayden, eliminates the sales and use tax restaurantd must pay when offering freeor reduced-pricse meals to employees. Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Office of Informatiohn Technology to create a map of where broadbandx technology is available and not availabler inthe state. Rittefr has not announced his intentions on at least two bill being watched closely by thebusiness community, however. One is Senate Bill 173, which would alloa local governments to work with the state Economic Development Commission to offer incentivesd to attract andbuild tourism-generating projects.
The bill is considereed key to landing either of twopotentialk auto-racetrack projects east of Aurora. The otherf is House Bill 1366, which limits the Colorado-sourc e capital gains subtraction to thefirst $100,00o0 of gains on assets held for five years or If signed, the bill would generate $15.8 milliojn to help balance the budget.
الأربعاء، 19 أكتوبر 2011
Economist says U.S. may experience double-dip recession by late 2010 - Pittsburgh Business Times:
ymekovo.wordpress.com
Those odds may seem low, but they’re actually high sinc e double-dip recessions are rare and the U.S. economy grows 95 percent of the time, said the chamber’s Marty He predicts the current economic downturn will endaround September, but the unemploymentr rate will remain high througn the first half of next Investment won’t snap back as quickl y as it usually does aftetr a recession, Regalia said. Inflation, however, looms as a potential problej because of thefederal government’es huge budget deficits and the massive amount of dollars pumpef into the economy by the Federapl Reserve, he said.
If this stimulus is not unwound once the economyg beginsto recover, higher interest ratesx could choke off improvement in the housing market and businesws investment, he said.
Those odds may seem low, but they’re actually high sinc e double-dip recessions are rare and the U.S. economy grows 95 percent of the time, said the chamber’s Marty He predicts the current economic downturn will endaround September, but the unemploymentr rate will remain high througn the first half of next Investment won’t snap back as quickl y as it usually does aftetr a recession, Regalia said. Inflation, however, looms as a potential problej because of thefederal government’es huge budget deficits and the massive amount of dollars pumpef into the economy by the Federapl Reserve, he said.
If this stimulus is not unwound once the economyg beginsto recover, higher interest ratesx could choke off improvement in the housing market and businesws investment, he said.
الاثنين، 17 أكتوبر 2011
EU milling wheat futures slightly higher - Business Recorder (blog)
ymekovo.wordpress.com
EU milling wheat futures slightly higher Business Recorder (blog) European Union milling wheat futures were slightly higher on Monday with the trade focused on the close of the options on the front-month contract. By 1548 GMT front month November was 0.75 euro higher at 185.50 euros a tonne after hitting 187.50 euros ... EU wheat edges higher, market eyes options |
السبت، 15 أكتوبر 2011
UTSA doctoral accounting students eligible for new scholarship - Triangle Business Journal:
otomaqaqaba.blogspot.com
UTSA accounting doctoral students are now eligible to apply for the Accounting Doctorap Scholarsfellowship program. The UTSA College of Businesss is one of only 40 academic programs nationwide to participate in the Accounting Doctoral Scholars Each year, the institute will select 30 candidates nationwidee to receive a four-year $30,000 stipend. The aim of the Accountinf Doctoral Scholars program is to increase the number of doctoralk accounting graduatesin America. There is a criticapl shortage of accounting doctoral faculty teaching auditing and tax according to UTSA and the The goal is to increase the number of peoples with doctoral degreesin accounting.
The plan is to encourags these individuals to then join the business faculty at schools throughouft the country so that they can teach undergraduate The institute founded the Accountinb Doctoral Scholars programin 2008. The program is funder by accounting firms. Candidates should have experience in audi t or tax in a publicaccountint firm, be a U.S. citizem or permanent resident and be workingt toward a career as an accounting faculty Applications will be accepted for the Fall 2010 classthrough Oct. 1. UTSA’s College of Business is one of the 40th largesr business schools in the nation with morethan 5,80o0 students. Web site: www.adsphd.
org
UTSA accounting doctoral students are now eligible to apply for the Accounting Doctorap Scholarsfellowship program. The UTSA College of Businesss is one of only 40 academic programs nationwide to participate in the Accounting Doctoral Scholars Each year, the institute will select 30 candidates nationwidee to receive a four-year $30,000 stipend. The aim of the Accountinf Doctoral Scholars program is to increase the number of doctoralk accounting graduatesin America. There is a criticapl shortage of accounting doctoral faculty teaching auditing and tax according to UTSA and the The goal is to increase the number of peoples with doctoral degreesin accounting.
The plan is to encourags these individuals to then join the business faculty at schools throughouft the country so that they can teach undergraduate The institute founded the Accountinb Doctoral Scholars programin 2008. The program is funder by accounting firms. Candidates should have experience in audi t or tax in a publicaccountint firm, be a U.S. citizem or permanent resident and be workingt toward a career as an accounting faculty Applications will be accepted for the Fall 2010 classthrough Oct. 1. UTSA’s College of Business is one of the 40th largesr business schools in the nation with morethan 5,80o0 students. Web site: www.adsphd.
org
الخميس، 13 أكتوبر 2011
First Marblehead bank runs afoul of regulators - Sacramento Business Journal:
kleopatraxnibe.blogspot.com
That’s according to a cease and desist ordedr issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packaging student loans into securities has driefd up, now faces the prospect of pumpinbg millions of dollars of capital into the smalpl Rhode Island bank to bolster its The OTS order says First Marblehead is requirecd to maintain a $30 million deposif at the bank until it is sold or the bank’s concentrationj of private student loans is reduced to 50 percen t of Union Federal’s capital, plus any allowance for loan First Marblehead also needs OTS approval before making any goldenh parachute payments to senior executives, according to the cease and desist Union Federal Savings Bank’s problems have been chronicledr in previous stories by the Boston Business Before being acquired by First Marblehead, Union Federao Savings had about $40 million in But that balance sheet ballooned to more than $600 million last year as Firsyt Marblehead moved some $500 million in risky privatwe student loans onto the bank’s balance sheet.
The bank has been unsuccessfu l in selling those loansz while an escalating number of defaults have triggered large losses. In the first quarter, for the North Providence-based bank lost $26.4 million, according to federakl bank filings.
That’s according to a cease and desist ordedr issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packaging student loans into securities has driefd up, now faces the prospect of pumpinbg millions of dollars of capital into the smalpl Rhode Island bank to bolster its The OTS order says First Marblehead is requirecd to maintain a $30 million deposif at the bank until it is sold or the bank’s concentrationj of private student loans is reduced to 50 percen t of Union Federal’s capital, plus any allowance for loan First Marblehead also needs OTS approval before making any goldenh parachute payments to senior executives, according to the cease and desist Union Federal Savings Bank’s problems have been chronicledr in previous stories by the Boston Business Before being acquired by First Marblehead, Union Federao Savings had about $40 million in But that balance sheet ballooned to more than $600 million last year as Firsyt Marblehead moved some $500 million in risky privatwe student loans onto the bank’s balance sheet.
The bank has been unsuccessfu l in selling those loansz while an escalating number of defaults have triggered large losses. In the first quarter, for the North Providence-based bank lost $26.4 million, according to federakl bank filings.
الثلاثاء، 11 أكتوبر 2011
Wellington subleasing 134k sq. ft. of space - The Business Journal of Milwaukee:
inufyw.blogspot.com
the first major block of sublease offic e space to hit Boston downtown marketthis year. Wellington’se spokeswoman, Lisa Finkel, declined to comment but real estate executives confirmed the space has been listed for sublease for aboufta month. The space is locatedx on floors 20 through 22 of the The additionof Wellington’s sublease spac brings the overall amount of officde space available for sublease in the area to more than 1.5 milliob square feet. Earlier this month, the , the state'a pension fund manager, ended its contract with the Boston-base investment management firm due to poor according to severalpublished reports.
While real estates executives have anticipated the market to be floodex with sublease space for months given the the market has only seen dribsz and drabs of smallerblocks listed. Accordiny to a report from , the availabilityt of sublease space increased in the first quartere ofthis year. Since the end of 2008 abour 600,000 square feet of sublease space has come on the according tothe report. The trened is seen a negativre by most in the realestate sector, as the additiomn of sublease space drags down rentss as tenants can find cheapetr space available by rentinvg from a company rather than directly from a The average asking rate for local subleasr space is between $33-per-square-foot and $35-per-square-foot, compared with between $47-per-square-foo t and $53-per-square foot for space rented directly from The amount of sublease space cominh to the market is expectedf to grow by the end of the year, said John Barry, a partne r at LLC.
“Our numbers show that there’s abouft 1.5 million square feet of sublease on the marke and we project that this numbe r will increase by the end of the said Barry. Barry said the amounft of sublease space inthe 67-million-square-footr Boston market could grow towared 2 million square feet by the end of the Though sublease space is increasingly it has yet to match the last majot downturn. During the technology bust of 2001, local sublease space reached a peakof 2.1 million squarre feet in 2002, said Barry.
the first major block of sublease offic e space to hit Boston downtown marketthis year. Wellington’se spokeswoman, Lisa Finkel, declined to comment but real estate executives confirmed the space has been listed for sublease for aboufta month. The space is locatedx on floors 20 through 22 of the The additionof Wellington’s sublease spac brings the overall amount of officde space available for sublease in the area to more than 1.5 milliob square feet. Earlier this month, the , the state'a pension fund manager, ended its contract with the Boston-base investment management firm due to poor according to severalpublished reports.
While real estates executives have anticipated the market to be floodex with sublease space for months given the the market has only seen dribsz and drabs of smallerblocks listed. Accordiny to a report from , the availabilityt of sublease space increased in the first quartere ofthis year. Since the end of 2008 abour 600,000 square feet of sublease space has come on the according tothe report. The trened is seen a negativre by most in the realestate sector, as the additiomn of sublease space drags down rentss as tenants can find cheapetr space available by rentinvg from a company rather than directly from a The average asking rate for local subleasr space is between $33-per-square-foot and $35-per-square-foot, compared with between $47-per-square-foo t and $53-per-square foot for space rented directly from The amount of sublease space cominh to the market is expectedf to grow by the end of the year, said John Barry, a partne r at LLC.
“Our numbers show that there’s abouft 1.5 million square feet of sublease on the marke and we project that this numbe r will increase by the end of the said Barry. Barry said the amounft of sublease space inthe 67-million-square-footr Boston market could grow towared 2 million square feet by the end of the Though sublease space is increasingly it has yet to match the last majot downturn. During the technology bust of 2001, local sublease space reached a peakof 2.1 million squarre feet in 2002, said Barry.
الأحد، 9 أكتوبر 2011
Tech investments for small companies - Jacksonville Business Journal:
wanuso.wordpress.com
In any economy, protecting the integrity and availability of information isa must-have for companiea of all sizes. Recruit and retain skilled IT professionalas who have relevant experience in networok and systems security combineddwith in-demand certifications. Added budget pressures are forcing many companiea to focus onmore cost-effective solutions for storage and networking. Invest in virtualization tools that enablegreater consolidation, lower hardwarer costs and reduce space and power Consider installing Voice over Internet Protocol technology.
Among its benefits are lower monthly phone billws and greater network flexibility andunified messaging, whicy allows users to retrieve messages more Subscribe to Software as a Servicer (SaaS) rather than buying software licenses. SaaS is a particularlh attractive option for businesses with tight IT Since applications and data are stored and hosted on the Interne t andaccessed remotely, this model removes the burden of support, software license upgrades and equipment from
In any economy, protecting the integrity and availability of information isa must-have for companiea of all sizes. Recruit and retain skilled IT professionalas who have relevant experience in networok and systems security combineddwith in-demand certifications. Added budget pressures are forcing many companiea to focus onmore cost-effective solutions for storage and networking. Invest in virtualization tools that enablegreater consolidation, lower hardwarer costs and reduce space and power Consider installing Voice over Internet Protocol technology.
Among its benefits are lower monthly phone billws and greater network flexibility andunified messaging, whicy allows users to retrieve messages more Subscribe to Software as a Servicer (SaaS) rather than buying software licenses. SaaS is a particularlh attractive option for businesses with tight IT Since applications and data are stored and hosted on the Interne t andaccessed remotely, this model removes the burden of support, software license upgrades and equipment from
الجمعة، 7 أكتوبر 2011
San Jose State to join Moffett plan - Silicon Valley / San Jose Business Journal:
http://upmov.com/_custom_channel.php?chid=1002941
The $1 billion project unveiled Marcu 13, which will emphasize many sustainable aspects such as using powerf from renewable sources and water is being built by a cooperative efforrt of the and an organization called UniversityAssociates - Silicom Valley LLC. The facility, which may open in 2014, will consist of residentia housing, academic classrooms and laboratoriesand light-industria l space for cleantech companies. University Associates is comprised of theand Foothill-Dd Anza Community College District, along with newcomer San Jose State. Officials of and have been reported closerto joining.
UC-Santa Cruz Chancello George Blumenthal has also told the Businessx Journal that officials of Cal State East Bay are interestee in becoming part ofthe too. While University Associates is expected to front at least some of the desigmn and planning costs forthe project, the organization plan to hire a master developer to fund construction. Among thoswe attending the March 13 event at the NASA Researcyh Park announcingthe 75-acre developmenrt were San Jose State Associat e Vice President for Graduate Studies and Pamela Stacks; Charles W. Davidson, a majodr contributor to SJSU academic programs; and Marthas Kanter, Foothill-De Anza chancellor.
The $1 billion project unveiled Marcu 13, which will emphasize many sustainable aspects such as using powerf from renewable sources and water is being built by a cooperative efforrt of the and an organization called UniversityAssociates - Silicom Valley LLC. The facility, which may open in 2014, will consist of residentia housing, academic classrooms and laboratoriesand light-industria l space for cleantech companies. University Associates is comprised of theand Foothill-Dd Anza Community College District, along with newcomer San Jose State. Officials of and have been reported closerto joining.
UC-Santa Cruz Chancello George Blumenthal has also told the Businessx Journal that officials of Cal State East Bay are interestee in becoming part ofthe too. While University Associates is expected to front at least some of the desigmn and planning costs forthe project, the organization plan to hire a master developer to fund construction. Among thoswe attending the March 13 event at the NASA Researcyh Park announcingthe 75-acre developmenrt were San Jose State Associat e Vice President for Graduate Studies and Pamela Stacks; Charles W. Davidson, a majodr contributor to SJSU academic programs; and Marthas Kanter, Foothill-De Anza chancellor.
الثلاثاء، 4 أكتوبر 2011
Wichita Business Journal: Nomination
hibleyytogoja1273.blogspot.com
Here's how the program works: Nominees must be residents of the greated Wichita area and under the age of 40 as ofJuly 1, 2009. Nomineew will be evaluated on leadership, community involvemen t and contributions tothei organization. Think of your clients, colleagues, family -- anyone who matches the criteria -- and nominate as many as you'cd like. The nomination process is easy, just fill out the informatiob below. The deadline for nominations isJune 12, 2009. The 2009 40 Undere 40 Class will be selected by an independeng panel of past honorees and will be honoreed at an awards dinner at the Hyatt Regencyh Wichita onSeptember 24.
A speciao publication in the Wichita Business Journal on Septembe 25 will include profiles ofthis year's Should you have any questions, please call 267-6406 and ask about 40 Undetr 40 nominations. Thanks for helpingg us aid our community with this importantannual program. The 2008 40 Under 40 Awards are sponsored byKey Construction, Kanzza Bank and High Event Host: Hyatt Regency 40 Under 40 Deadline: June 12, 2009
Here's how the program works: Nominees must be residents of the greated Wichita area and under the age of 40 as ofJuly 1, 2009. Nomineew will be evaluated on leadership, community involvemen t and contributions tothei organization. Think of your clients, colleagues, family -- anyone who matches the criteria -- and nominate as many as you'cd like. The nomination process is easy, just fill out the informatiob below. The deadline for nominations isJune 12, 2009. The 2009 40 Undere 40 Class will be selected by an independeng panel of past honorees and will be honoreed at an awards dinner at the Hyatt Regencyh Wichita onSeptember 24.
A speciao publication in the Wichita Business Journal on Septembe 25 will include profiles ofthis year's Should you have any questions, please call 267-6406 and ask about 40 Undetr 40 nominations. Thanks for helpingg us aid our community with this importantannual program. The 2008 40 Under 40 Awards are sponsored byKey Construction, Kanzza Bank and High Event Host: Hyatt Regency 40 Under 40 Deadline: June 12, 2009
الأحد، 2 أكتوبر 2011
Analyst urges selloff of NY Times debt - Puget Sound Business Journal (Seattle):
ymekovo.wordpress.com
GimmeCredit analyst David Novosel also saidthe company’ s postponed deadline for bids on the may reflecty “a paucity of interest in the newspaper.” The New York Timee Co. (NYSE: NYT) extended the deadlin e for bid submissions until later this Novosel said if the New YorkTimes Co.’d decline in operating earning s is not stemmed, leverage could push even higher next In the near term, he said the publisher has amples liquidity to handle $45 milliomn in notes that mature in November. And there’s no debt comint due in 2010. However, the company still has aboutf $1.
1 billion of total debt coming due inlatedr years, including $250 million in notesw maturing in March 2015. Yields on that issue have soares toabout 12.5 percent, and the debt tradezs for 70.10 cents on the dollar, accordint to Bloomberg data. In the newspaper company has an under-funded pensionn obligation of atleast $300 and could be much higher, the analysy said. “Declining revenue and margins, weak cash flow, and escalating leverage lead us to a sell recommendatiom on the 2015 issuw at a priceof 70,” Novosel wrote in a researcnh note.
GimmeCredit analyst David Novosel also saidthe company’ s postponed deadline for bids on the may reflecty “a paucity of interest in the newspaper.” The New York Timee Co. (NYSE: NYT) extended the deadlin e for bid submissions until later this Novosel said if the New YorkTimes Co.’d decline in operating earning s is not stemmed, leverage could push even higher next In the near term, he said the publisher has amples liquidity to handle $45 milliomn in notes that mature in November. And there’s no debt comint due in 2010. However, the company still has aboutf $1.
1 billion of total debt coming due inlatedr years, including $250 million in notesw maturing in March 2015. Yields on that issue have soares toabout 12.5 percent, and the debt tradezs for 70.10 cents on the dollar, accordint to Bloomberg data. In the newspaper company has an under-funded pensionn obligation of atleast $300 and could be much higher, the analysy said. “Declining revenue and margins, weak cash flow, and escalating leverage lead us to a sell recommendatiom on the 2015 issuw at a priceof 70,” Novosel wrote in a researcnh note.
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