houston-nearly.blogspot.com
million from a stock sale to a single institutionapl investor in a deal aimed at beefingg up its lowcash reserves, but one that earnec a thumbs-down from Wall Street. Amid a harsh economicd environment, the Gaithersburg biotech raisedthe funding, $6 million in grosw proceeds, through selling 9.6 million shares of its commob stock at 62 cents apiece. The investodr also will receive 9.6 million warrants to buy more stoc k at thesame price. The deal’s share price come s at a 21 percenf discounton GenVec’s (NASDAQ: closing price of 79 cents on The sale, which now represents nearl 10 percent ownership of the company, hikesa its number of outstanding shares to 98.2 million.
The new money offefr some financial salve to acompany that’s been seeking a largefr funding partner to help it pay clinical bills for its key a pancreatic cancer treatment that’s in the finalk stages of trials. As of the end of GenVec counted $12 million in cash and equivalents, enougb it said to last it into the second quarter of next but analysts had expressed concerns aboutthe company’s financial health througyh that time period. This latest stocl offering hasn’t appeased those concerns. Investors drove down GenVec’zs stock price by 15 cents, or nearlt 19 percent, to 64 centd by Thursday afternoon.
The deal, set to close was arranged by placement agentr MerrimanCurhan Ford.
الاثنين، 31 ديسمبر 2012
الأحد، 30 ديسمبر 2012
Skyline Solar emerges from stealth - Silicon Valley / San Jose Business Journal:
stelauguqdinec.blogspot.com
Mountain View-based Skyline said it completefd the VTA system only eight months after getting its SerieszA financing. The demonstration plant is a non-monetary public-privatwe partnership, said Skyline’s CEO Bob MacDonald. “Itt allows them [VTA] to gain experience with solar technology, and us to have a site we can demonstrate the architecture powering a small portiob oftheir electricity.” The company said the projecft consists of a few dozen high gain solar arrays. VTA plans to make an announcement on May 15 in whichh it will disclose more aboutthe project. The compang said it raised $24.6 million in first roundf financing from of Menlo Parkand others.
It also said it signed a developmental contract with the federalfor $3 million. Skyline has developed a high gain soladr technology that it says deliver 10 times more energy per gram of silicon thantraditional flat-panel systems in sunny locations. It primarilyu uses less expensive commodity materials it gets from the photovoltaidc andautomotive industries.
Mountain View-based Skyline said it completefd the VTA system only eight months after getting its SerieszA financing. The demonstration plant is a non-monetary public-privatwe partnership, said Skyline’s CEO Bob MacDonald. “Itt allows them [VTA] to gain experience with solar technology, and us to have a site we can demonstrate the architecture powering a small portiob oftheir electricity.” The company said the projecft consists of a few dozen high gain solar arrays. VTA plans to make an announcement on May 15 in whichh it will disclose more aboutthe project. The compang said it raised $24.6 million in first roundf financing from of Menlo Parkand others.
It also said it signed a developmental contract with the federalfor $3 million. Skyline has developed a high gain soladr technology that it says deliver 10 times more energy per gram of silicon thantraditional flat-panel systems in sunny locations. It primarilyu uses less expensive commodity materials it gets from the photovoltaidc andautomotive industries.
السبت، 29 ديسمبر 2012
Gaga replaced by Rockettes for ball drop - Belfast Telegraph
fusajacuxejilyp.blogspot.com
Belfast Telegraph | Gaga replaced by Rockettes for ball drop Belfast Telegraph Lady Gaga has been replaced as the main act to ring in the New Year in Times Square with New York City's mayor. The Paparazzi singer last year gave a raucous performance of her hits Heavy Metal Lover, Marry the Night and Born This Way as the clock ... |
الخميس، 27 ديسمبر 2012
Follow the four I
ogarawo.wordpress.com
Make no mistake about it: Partnerds come in all shapes and sizes. Everyone has God-give n gifts and talents to share — once the relationshipsd are assembled properly. However, making bad connections zaps too many Aproperly utilized, diversified group of partners will take you to the top of the Fail on this mission, though, and you will feel like Kirk and urgently pleas for Scotty to beam you up and out of Maximizing the power in your partners lets us work smarter and more and provide the quality of life we all want. Identify the source. • Investigate whether the sourcd shares your visionand values. Implement a plan between you andyour partner.
• Interconnect the righr sources. • Referral compensation going inone direction. • Strategicc partners: two people in the same broad industru who exchange referralswithout compensation. Strategic alliances: people in different industriews who share the sametarget market. Centers of influence: a client who likes you and has given you at least twounsolicitedx referrals. • Reverse referral sources: an old referral source who can’y give you referrals directly anymore, but has people undef them who cando so.
Here is a typical A life insurance professional meetsan accountant, and everythiny is fine for a whils until one partner’s pail of water is In this case, it is probablu the accountant’s. Why? The life insurance person probably did not identify that sourcee correctly and assumed it was a typicalstrategic partnership. Question: Who do you think has more clientsto refer? The accountant, right? So, since the life insurances person cannot feed the beast, it eventually eats him.
That partnershio was misclassified; it was probably a referral There are somany examples, I have created a “peers, partners and profits” concept to learn how to identifuy and connect partners in real-life scenarios without the wires getting crossed. Martin Touch tip: Do not connecf your sources with each other until you have an individuaol plan in place and it is workinvg forsix months. This is a commonb mistake that sometimes results in only aloose connection. If you understanxd the four-I formula, you will have something You will feel indescribable and you canyell “beam me up, with a sense of mission accomplished.
Make no mistake about it: Partnerds come in all shapes and sizes. Everyone has God-give n gifts and talents to share — once the relationshipsd are assembled properly. However, making bad connections zaps too many Aproperly utilized, diversified group of partners will take you to the top of the Fail on this mission, though, and you will feel like Kirk and urgently pleas for Scotty to beam you up and out of Maximizing the power in your partners lets us work smarter and more and provide the quality of life we all want. Identify the source. • Investigate whether the sourcd shares your visionand values. Implement a plan between you andyour partner.
• Interconnect the righr sources. • Referral compensation going inone direction. • Strategicc partners: two people in the same broad industru who exchange referralswithout compensation. Strategic alliances: people in different industriews who share the sametarget market. Centers of influence: a client who likes you and has given you at least twounsolicitedx referrals. • Reverse referral sources: an old referral source who can’y give you referrals directly anymore, but has people undef them who cando so.
Here is a typical A life insurance professional meetsan accountant, and everythiny is fine for a whils until one partner’s pail of water is In this case, it is probablu the accountant’s. Why? The life insurance person probably did not identify that sourcee correctly and assumed it was a typicalstrategic partnership. Question: Who do you think has more clientsto refer? The accountant, right? So, since the life insurances person cannot feed the beast, it eventually eats him.
That partnershio was misclassified; it was probably a referral There are somany examples, I have created a “peers, partners and profits” concept to learn how to identifuy and connect partners in real-life scenarios without the wires getting crossed. Martin Touch tip: Do not connecf your sources with each other until you have an individuaol plan in place and it is workinvg forsix months. This is a commonb mistake that sometimes results in only aloose connection. If you understanxd the four-I formula, you will have something You will feel indescribable and you canyell “beam me up, with a sense of mission accomplished.
الأربعاء، 26 ديسمبر 2012
Nokia Lumia 920′s fascinating Christmas sets stage for battle with BlackBerry 10 - Yahoo! News (blog)
ogarawo.wordpress.com
Yahoo! News (blog) | Nokia Lumia 920′s fascinating Christmas sets stage for battle with BlackBerry 10 Yahoo! News (blog) The Chinese version of Nokia's (NOK) new flagship Windows Phone model recently debuted in Shanghai. According to pictures posted to Chinese websites, the Lumia 920T drew a big crowd… and sold out in two hours. So the debate over whether there i s ... |
الثلاثاء، 25 ديسمبر 2012
Home sales, construction spending stabilize - Kansas City Business Journal:
aleshnikovenil.blogspot.com
Pending home sales rose 3.2 percent in due in large partto first-time buyers takinv advantage of affordable home the association said Monday. Construction spending increaseds 0.3 percent, according to the . Public construction increasede 1.1 percent, and private construction increased 0.1 The Pending Home Salee Index published by the National Associationn of Realtors increasedto 84.6 in up from February’s level of 82. March’s figurre is also 1.1 percent higher than the same perio din 2008, when it was Lawrence Yun, the group’s chief economist, said in a statementg that it would probably take a few monthw for the market to gain momentum.
“We need several monthsa of sustained growth to demonstrate a recovery in which is necessary for the overall economy to turn Yun said. The index fell 1 percenrt in the Midwest. The Pendingb Home Sales Index isa forward-lookingb indicator based on home sales contractw signed in March.
Pending home sales rose 3.2 percent in due in large partto first-time buyers takinv advantage of affordable home the association said Monday. Construction spending increaseds 0.3 percent, according to the . Public construction increasede 1.1 percent, and private construction increased 0.1 The Pending Home Salee Index published by the National Associationn of Realtors increasedto 84.6 in up from February’s level of 82. March’s figurre is also 1.1 percent higher than the same perio din 2008, when it was Lawrence Yun, the group’s chief economist, said in a statementg that it would probably take a few monthw for the market to gain momentum.
“We need several monthsa of sustained growth to demonstrate a recovery in which is necessary for the overall economy to turn Yun said. The index fell 1 percenrt in the Midwest. The Pendingb Home Sales Index isa forward-lookingb indicator based on home sales contractw signed in March.
الأحد، 23 ديسمبر 2012
Deadline disparity stimulates state, local agency to flip funds - bizjournals:
ogarawo.wordpress.com
Any money that is not obligatedf istheoretically lost, although most projectsx thus far have been chosen with careful considerationm to meet the strict Texas is slated to receive $2.25 billion for federal highway projects. Of $150 million is coming to the Houstonh area viathe Houston-Galvesto Area Council, or H-GAC, the federally mandated metropolitan planning organization responsible for Harriws and seven surrounding counties. Decisions on how to spend that moneyt will be made on alocall level, and the obligation deadlinde is slightly more relaxed — 100 percent must be obligatefd by March 5, 2010. An additional $285 million is cominy to the Houston area formobilituy projects.
The designation of that money was made on a stater level by the Texas Transportation Commissionh and is subject to more rigid A total of 50 percent must be obligaterd after 120 days by June30 — and the rest after another 120 • The intersection of Beltway 8 and U.S. Highwaty 59. • A stretc of Interstate 10. • A section of Loop 610. The infamous Section E of theGrand Parkway.
David Rogers, senior transportationh plannerat H-GAC, says the Texaz Department of Transportation has more than met June 30 deadlinesd by obligating 60 percent of the Rogers was brought on board in early May to help an agencg accustomed to much longer lead times arrange its stimuluds ducks in a row — and assist the statee in following suit. The state, for is obliged to H-GAC for some trick obligating on the Interstate10 project, whicg involves replacing 30-year-old pavement and improving rampxs between U.S. 59 and Interstate 45. The projecf is slated to cost $27 million, with $16 million cominv from local-level funding.
facing a March 2010 deadline, helpedf out the Texas Departmenyof Transportation, facing a shorter deadline, by flippinfg the $16 million “over to the statwe side,” according to Pat a program manager for H-GAC. Regardless of how and wheree everything so far hasbeen obligated, Waskowiajk says it’s not an issue. “W have so many projects on the contingencylist — that’s what we’rw calling it — that there are way more projectds than what we have dollars for,” she The real problem could be that a more vitap project isn’t getting stimulus funds because it’sz too big for the funds to be obligated in time.
“We may end up with projectw that get us toward the financial goal of using the but they may not havebeen anyone’x top priority,” says Waskowiak. The stimuluzs bill is very explicit in keepingh funds destined for transportation infrastructure tofederal projects, meaninyg some local highways that could use some work — U.S. Highway 290 comes to mind — out in the Despite the letters “U” and “S” before its officia name, 290 has not yet completed its federalstatus process, according to Waskowiak.
Any money that is not obligatedf istheoretically lost, although most projectsx thus far have been chosen with careful considerationm to meet the strict Texas is slated to receive $2.25 billion for federal highway projects. Of $150 million is coming to the Houstonh area viathe Houston-Galvesto Area Council, or H-GAC, the federally mandated metropolitan planning organization responsible for Harriws and seven surrounding counties. Decisions on how to spend that moneyt will be made on alocall level, and the obligation deadlinde is slightly more relaxed — 100 percent must be obligatefd by March 5, 2010. An additional $285 million is cominy to the Houston area formobilituy projects.
The designation of that money was made on a stater level by the Texas Transportation Commissionh and is subject to more rigid A total of 50 percent must be obligaterd after 120 days by June30 — and the rest after another 120 • The intersection of Beltway 8 and U.S. Highwaty 59. • A stretc of Interstate 10. • A section of Loop 610. The infamous Section E of theGrand Parkway.
David Rogers, senior transportationh plannerat H-GAC, says the Texaz Department of Transportation has more than met June 30 deadlinesd by obligating 60 percent of the Rogers was brought on board in early May to help an agencg accustomed to much longer lead times arrange its stimuluds ducks in a row — and assist the statee in following suit. The state, for is obliged to H-GAC for some trick obligating on the Interstate10 project, whicg involves replacing 30-year-old pavement and improving rampxs between U.S. 59 and Interstate 45. The projecf is slated to cost $27 million, with $16 million cominv from local-level funding.
facing a March 2010 deadline, helpedf out the Texas Departmenyof Transportation, facing a shorter deadline, by flippinfg the $16 million “over to the statwe side,” according to Pat a program manager for H-GAC. Regardless of how and wheree everything so far hasbeen obligated, Waskowiajk says it’s not an issue. “W have so many projects on the contingencylist — that’s what we’rw calling it — that there are way more projectds than what we have dollars for,” she The real problem could be that a more vitap project isn’t getting stimulus funds because it’sz too big for the funds to be obligated in time.
“We may end up with projectw that get us toward the financial goal of using the but they may not havebeen anyone’x top priority,” says Waskowiak. The stimuluzs bill is very explicit in keepingh funds destined for transportation infrastructure tofederal projects, meaninyg some local highways that could use some work — U.S. Highway 290 comes to mind — out in the Despite the letters “U” and “S” before its officia name, 290 has not yet completed its federalstatus process, according to Waskowiak.
السبت، 22 ديسمبر 2012
Disruptions cost American Airlines' parent $75 million in two months - Dallas Morning News
ogarawo.wordpress.com
Dallas Morning News | Disruptions cost American Airlines' parent $75 million in two months Dallas Morning News Unhappy employees apparently cost American Airlines Inc. and parent AMR Corp. more this autumn than did superstorm Sandy, according to figures disclosed Friday by AMR. AMR said that its November results “reflect the fact that Hurricane Sandy and the ... |
الثلاثاء، 18 ديسمبر 2012
St. Louis men admit to mortgage fraud scheme - Washington Business Journal:
ekaterinaiuvo.blogspot.com
Russell Todd McBride, of Creve Coeur, and Robert Wrolstad, of O’Fallon, were charged in a 34-counrt indictment, Acting U.S. Attorney Michael Reap said Tuesday. McBride was an operatorf of , which had office s located in Sikeston, Cape Girardeau, St. Louis Countty and elsewhere. Wrolstad worked with McBride and for Centuryt Mortgage and helped close real estate transactions and work withtitle companies. The scheme, which occurred from at least July 2005 and continued throughNovembet 2006, involved investors recruite d by McBride and Wrolstad purchasing real estate primariluy located in Sikeston.
The owners of the real estatde would sell the properties at or near fair markert value to investors recruited by and known to McBride and Wrolstad but the investors paid pricews significantly greater than the actual selling price received by the sellerx forthe properties, according to the The investors would purchase the property at a fraudulentf and overvalued price by obtaining loans to purchasde the property. McBride and Wrolstad obtaine d appraisals, which significantly overvaluedthe properties, which enablee them to receive inflated loan proceeds despite havinh no interest in the conveyed real estate, the indictment alleges.
In one case a purchaser paid $66,000 for a propertt that the seller sold for andin another, the purchaser paid $54,000 for propertty that the seller sold for $15,000, accordin to the indictment. McBridre and Wrolstad pleaded guilty to one count of conspiracy to commirt wire fraud andmail fraud, 12 counts of wire fraud and 12 countzs of mail fraud. In addition, McBride pleaded guilty to six counts ofmoney laundering, and Wrolstad pled guilty to three counts of money laundering.
Each countr of wire fraud and mail frauds carries a maximum sentence of 20 yearx imprisonment anda $250,000 fine; each count of monehy laundering carries a maximukm sentence of 10 years imprisonmentg and a $250,000 fine. The conspiracy count carriez a maximum punishment of 20 years imprisonmenf anda $250,000 Sentencing is scheduled for Aug. 17 for Wrolstad and Aug.178 for McBride.
Russell Todd McBride, of Creve Coeur, and Robert Wrolstad, of O’Fallon, were charged in a 34-counrt indictment, Acting U.S. Attorney Michael Reap said Tuesday. McBride was an operatorf of , which had office s located in Sikeston, Cape Girardeau, St. Louis Countty and elsewhere. Wrolstad worked with McBride and for Centuryt Mortgage and helped close real estate transactions and work withtitle companies. The scheme, which occurred from at least July 2005 and continued throughNovembet 2006, involved investors recruite d by McBride and Wrolstad purchasing real estate primariluy located in Sikeston.
The owners of the real estatde would sell the properties at or near fair markert value to investors recruited by and known to McBride and Wrolstad but the investors paid pricews significantly greater than the actual selling price received by the sellerx forthe properties, according to the The investors would purchase the property at a fraudulentf and overvalued price by obtaining loans to purchasde the property. McBride and Wrolstad obtaine d appraisals, which significantly overvaluedthe properties, which enablee them to receive inflated loan proceeds despite havinh no interest in the conveyed real estate, the indictment alleges.
In one case a purchaser paid $66,000 for a propertt that the seller sold for andin another, the purchaser paid $54,000 for propertty that the seller sold for $15,000, accordin to the indictment. McBridre and Wrolstad pleaded guilty to one count of conspiracy to commirt wire fraud andmail fraud, 12 counts of wire fraud and 12 countzs of mail fraud. In addition, McBride pleaded guilty to six counts ofmoney laundering, and Wrolstad pled guilty to three counts of money laundering.
Each countr of wire fraud and mail frauds carries a maximum sentence of 20 yearx imprisonment anda $250,000 fine; each count of monehy laundering carries a maximukm sentence of 10 years imprisonmentg and a $250,000 fine. The conspiracy count carriez a maximum punishment of 20 years imprisonmenf anda $250,000 Sentencing is scheduled for Aug. 17 for Wrolstad and Aug.178 for McBride.
الاثنين، 17 ديسمبر 2012
New Car Features May Keep Older Drivers Out Of The Big Yellow Taxi : All Tech ... - NPR (blog)
coras-newport.blogspot.com
NPR (blog) | New Car Features May Keep Older Drivers Out Of The Big Yellow Taxi : All Tech ... NPR (blog) In some of the most potent cultural images we have of cool cars, they are being driven by young men â€" Ron Howard cruising in American Graffiti, cousins Bo and Luke from The Dukes of Hazzard sliding over the hood of the General Lee, James Dean behind ... |
السبت، 15 ديسمبر 2012
LinuxForce nabs contract for information systems at Franklin - Philadelphia Business Journal:
sucujovide.wordpress.com
The Upper Darby firm recently won a contracgt to manage three informatiob systems forthe museum’s information technologg services department. LinuxForce didn’t reveao the value of the contract, whichg it won after working forthe Franklin’ds IT Services Department under a series of contractxs since last spring. “We did a good enouguh job, apparently, through that series of contracts that we wonongoing work,” said CJ Fearnley, LinuxForce’s presidengt and CEO.
LinuxForce has been working with the Franklimn since 1999 when it built a Web server forthe museum’s , whic h is a community of science educators in The next year, it got a contract to providre services for nine systems for the Franklin’ws educational technology & integrated learnin g programs department, and it has been working for that departmen t since. February’s not March, but it has come in like a lion forThe Wayne-basec software and disaster-recovery firm recentlu announced four contract wins.
Chicago-based LLC, a newly formed futuresx commission merchant, will use SunGard’s GMI clearing and accountin system for exchangetraded derivatives, futures and , part of Malaysia-based , will use SunGard’s GL Net order-routingb network and GL Stream order-management software. has selected SunGard’s AvantGard Payments software to help it centraliz its Europeanpayment operations. National Securities, a New York-based has begun using SunGard’s Brass order management system.
The Upper Darby firm recently won a contracgt to manage three informatiob systems forthe museum’s information technologg services department. LinuxForce didn’t reveao the value of the contract, whichg it won after working forthe Franklin’ds IT Services Department under a series of contractxs since last spring. “We did a good enouguh job, apparently, through that series of contracts that we wonongoing work,” said CJ Fearnley, LinuxForce’s presidengt and CEO.
LinuxForce has been working with the Franklimn since 1999 when it built a Web server forthe museum’s , whic h is a community of science educators in The next year, it got a contract to providre services for nine systems for the Franklin’ws educational technology & integrated learnin g programs department, and it has been working for that departmen t since. February’s not March, but it has come in like a lion forThe Wayne-basec software and disaster-recovery firm recentlu announced four contract wins.
Chicago-based LLC, a newly formed futuresx commission merchant, will use SunGard’s GMI clearing and accountin system for exchangetraded derivatives, futures and , part of Malaysia-based , will use SunGard’s GL Net order-routingb network and GL Stream order-management software. has selected SunGard’s AvantGard Payments software to help it centraliz its Europeanpayment operations. National Securities, a New York-based has begun using SunGard’s Brass order management system.
الجمعة، 14 ديسمبر 2012
Catch the Wind secures $18.5M - The Business Review (Albany):
sucujovide.wordpress.com
million in a privat placement financing to help push more sales of its new wind sensorffor turbines. Manassas-based Catch the Wind, which trades on the Toronto Venturw Exchange, sold roughly 16.7 million shares at a price ofCanadianm $1.30 apiece in what it hopes to be its last majof financing before generating enough revenuee from its laser wind-sensing Vindicator, to pay for operations. Company officials also participateds in theinvestment round, along with institutional bringing its total private fundraising to date to nearl $30 million. , Research Capital Corp. and Canaccord Capital Corp.
served as placement agents for this latest fundraising in returmn for 6 percent of the gross proceeds and additionalstock options. Spun off last year from LLC, a fibet optics laser company that still shares the sameheadquarterw space, Catch the Wind has been developingg similar technology that senses when wind is helping reorient a turbine to captured that wind before it passes. Most wind turbinees can realign its blades only aftert itfeels wind, so they’rd often too late to actually benefit from company officials said.
“Before, it was the horse-and-buggy approachg to measuring wind,” said Phil Rogers, who foundes Optical Air Data Systems nearly 20 years ago with his wife before leaving recently to serve as CEO for Catchthe “Think about increasing the gas mileags of your car,” he said. “You’ve alread bought your car. But if I can sell you something that doublex the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percentr to 15 percent more wind for turbines, whichh in turn helps generate more clean electricit and ultimately revenue for their Catch the Wind recently sold its firsft unit to , a Canadian environmentak monitoring equipment maker, while startintg its first two-month field test with the Nebraska Publi c Power District on its largest wind farm with 36 wind The local company, which said it’s also talkingf to federal agencies, hopes to use that trial’x results later this summer to market to ot her wind turbinse manufacturers and wind farm operators.
With six full-timr employees, Catch the Wind expects to at least doubld that count by the end of this Nowwith $5.5 million in cash and equivalents on hand, the company is also considerinhg whether to list itself on an American exchange later this year. “We aspire to that,” Roger s said. “I just can’t say when.”
million in a privat placement financing to help push more sales of its new wind sensorffor turbines. Manassas-based Catch the Wind, which trades on the Toronto Venturw Exchange, sold roughly 16.7 million shares at a price ofCanadianm $1.30 apiece in what it hopes to be its last majof financing before generating enough revenuee from its laser wind-sensing Vindicator, to pay for operations. Company officials also participateds in theinvestment round, along with institutional bringing its total private fundraising to date to nearl $30 million. , Research Capital Corp. and Canaccord Capital Corp.
served as placement agents for this latest fundraising in returmn for 6 percent of the gross proceeds and additionalstock options. Spun off last year from LLC, a fibet optics laser company that still shares the sameheadquarterw space, Catch the Wind has been developingg similar technology that senses when wind is helping reorient a turbine to captured that wind before it passes. Most wind turbinees can realign its blades only aftert itfeels wind, so they’rd often too late to actually benefit from company officials said.
“Before, it was the horse-and-buggy approachg to measuring wind,” said Phil Rogers, who foundes Optical Air Data Systems nearly 20 years ago with his wife before leaving recently to serve as CEO for Catchthe “Think about increasing the gas mileags of your car,” he said. “You’ve alread bought your car. But if I can sell you something that doublex the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percentr to 15 percent more wind for turbines, whichh in turn helps generate more clean electricit and ultimately revenue for their Catch the Wind recently sold its firsft unit to , a Canadian environmentak monitoring equipment maker, while startintg its first two-month field test with the Nebraska Publi c Power District on its largest wind farm with 36 wind The local company, which said it’s also talkingf to federal agencies, hopes to use that trial’x results later this summer to market to ot her wind turbinse manufacturers and wind farm operators.
With six full-timr employees, Catch the Wind expects to at least doubld that count by the end of this Nowwith $5.5 million in cash and equivalents on hand, the company is also considerinhg whether to list itself on an American exchange later this year. “We aspire to that,” Roger s said. “I just can’t say when.”
الخميس، 13 ديسمبر 2012
Rendell proposes personal income tax hike - Boston Business Journal:
fugycyquwod.blogspot.com
The increase would bring the taxto 3.57 but state law would require it to returb to 3.07 percent after three years, according to a releasd from the governor's office. Rendell said the temporaru increase would raiseapproximately $1.5 billion per year in new A temporary tax has been implemented successfullgy to address a fiscal crisiz in Pennsylvania on three prior occasions, the governor'se office said. Even with the , the state is more than $1 billionn short of balancing its budget by the end of thegovernor said. Raising the income tax wouldd be preferable tothe alternatives, Rendell said. “The simple trutgh is we have nogood choices,” he said.
“Theree are no shortcuts out of this nomagic bullets, no painlesd path out of this morass. We can do the easy thinv for the moment or the rightr thingfor Pennsylvania’s future. The fairest plan is to spreadr the pain acrossthe board, and let our economic recovery
The increase would bring the taxto 3.57 but state law would require it to returb to 3.07 percent after three years, according to a releasd from the governor's office. Rendell said the temporaru increase would raiseapproximately $1.5 billion per year in new A temporary tax has been implemented successfullgy to address a fiscal crisiz in Pennsylvania on three prior occasions, the governor'se office said. Even with the , the state is more than $1 billionn short of balancing its budget by the end of thegovernor said. Raising the income tax wouldd be preferable tothe alternatives, Rendell said. “The simple trutgh is we have nogood choices,” he said.
“Theree are no shortcuts out of this nomagic bullets, no painlesd path out of this morass. We can do the easy thinv for the moment or the rightr thingfor Pennsylvania’s future. The fairest plan is to spreadr the pain acrossthe board, and let our economic recovery
الاثنين، 10 ديسمبر 2012
Clopay purchases remainder of German firm - Dayton Business Journal:
ogarawo.wordpress.com
"The move to 100 percent ownership increase financial andoperational flexibility, enabling us to streamline our German operations and bring more value, innovatiobn and responsiveness to our global customers," said Gary Abyad, presideny of Clopay Plastic Products. "Thiz will strengthen our core film business while creating a firm base for anticipatede growthin Europe." In Clopay Plastic Products achieved recordr sales of $411.3 million. Established in 1996, Finotechu is a specialty plastic film, extrusion coating and printin operation. Based in Aschersleben, Finotech serves markets across Europe, the Middlre East, Africa and Asia.
Clopay Plastic based in Mason, is a subsidiaryu of (NYSE:GFF) with production facilities Its products are used inthe hygienic, healtj care, protective apparel and industrial markets.
"The move to 100 percent ownership increase financial andoperational flexibility, enabling us to streamline our German operations and bring more value, innovatiobn and responsiveness to our global customers," said Gary Abyad, presideny of Clopay Plastic Products. "Thiz will strengthen our core film business while creating a firm base for anticipatede growthin Europe." In Clopay Plastic Products achieved recordr sales of $411.3 million. Established in 1996, Finotechu is a specialty plastic film, extrusion coating and printin operation. Based in Aschersleben, Finotech serves markets across Europe, the Middlre East, Africa and Asia.
Clopay Plastic based in Mason, is a subsidiaryu of (NYSE:GFF) with production facilities Its products are used inthe hygienic, healtj care, protective apparel and industrial markets.
الأحد، 9 ديسمبر 2012
Canada Should Hold Hearing on Transplant Abuse in China, Says MP Irwin Cotler - The Epoch Times
ekaterinaiuvo.blogspot.com
The Epoch Times | Canada Should Hold Hearing on Transplant Abuse in China, Says MP Irwin Cotler The Epoch Times In the face of “very serious and credible†allegations, the Canadian government should invite testimony relating to illicit organ harvesting from prisoners of conscience in China, said Liberal MP and former justice minister Irwin Cotler. Referring to a ... |
الجمعة، 7 ديسمبر 2012
Louvre set to give old French mining town a lift - Washington Post
efiosyt.blogspot.com
Louvre set to give old French mining town a lift Washington Post LENS, France â€" High art hitherto confined to the gilded galleries of Paris will be part of an attempt to revive a local economy blighted by industrial decline when an extension of the Louvre museum opens next week in Lens, a small mining town in ... |
الأربعاء، 5 ديسمبر 2012
Mark Zuckerberg Has 68 More Shares Of Facebook Than He Did Last Month - Business Insider
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Business Insider | Mark Zuckerberg Has 68 More Shares Of Facebook Than He Did Last Month Business Insider That fund, Benchmark Founders' Fund VI, appears to be a sidecar fund, in which Benchmark lets entrepreneurs friendly to the firm invest alongside the institutional investors who are partners in its regular funds. Former Facebook executive Matt Cohler ... |
الاثنين، 3 ديسمبر 2012
Nuclear power plant in the works - Business First of Columbus:
erofeyporgrinin.blogspot.com
Strickland, U.S. Sen. George R-Ohio, and U.S. Rep. Jean R-Cincinnati, are scheduled to visit where they are expected to disclose plans for the The plant will be a joint effortfof Charlotte, N.C.-based (NYSE:DUK) and of France, accordinhg to a source with knowledge of the project. The proposex plant, what the state is toutingg asa “21st century clean-energy productiob center,” will replace a former gaseous diffusion enrichmenft facility at a site in That complex was closed in 2001, eliminatinf nearly 600 jobs.
The new plantr is expected to take more than a decadd to build and will emplotabout 4,000 workers during constructionm and up to 800 workers when it is fullh operational, the source told Columbus Business First . Officials in the governor’s officwe declined to talk about Strickland’s scheduleds visit to Piketon. Uranium fuel supplier closed the enrichmenyt plant in 2001 and consolidated the operations in but itmaintains 1,200 employees on the 3,600-acrs reservation at its American Centrifuge Plant.
That which will create nuclear fuelfor plants, is set to begib operations in 2011, said Elizabethn Stuckle, a USEC
Strickland, U.S. Sen. George R-Ohio, and U.S. Rep. Jean R-Cincinnati, are scheduled to visit where they are expected to disclose plans for the The plant will be a joint effortfof Charlotte, N.C.-based (NYSE:DUK) and of France, accordinhg to a source with knowledge of the project. The proposex plant, what the state is toutingg asa “21st century clean-energy productiob center,” will replace a former gaseous diffusion enrichmenft facility at a site in That complex was closed in 2001, eliminatinf nearly 600 jobs.
The new plantr is expected to take more than a decadd to build and will emplotabout 4,000 workers during constructionm and up to 800 workers when it is fullh operational, the source told Columbus Business First . Officials in the governor’s officwe declined to talk about Strickland’s scheduleds visit to Piketon. Uranium fuel supplier closed the enrichmenyt plant in 2001 and consolidated the operations in but itmaintains 1,200 employees on the 3,600-acrs reservation at its American Centrifuge Plant.
That which will create nuclear fuelfor plants, is set to begib operations in 2011, said Elizabethn Stuckle, a USEC
الأحد، 2 ديسمبر 2012
Workplace meetings bill could face legal fight - Dallas Business Journal:
ogarawo.wordpress.com
But Senate Bill 519 could also face legal hearingsx as to whether it limitasfree speech. Senate Bill 519 would essentiallyy ban employers from punishing workers who refuse to participatse in mandatory meetings related to religious orpoliticalk matters. The bill exempts religiouss andpolitical organizations. The House approved the measure 34-243 Friday in a party-line vote. The Senate had earlier passedf it bya 16-14 count, with Democrats Ginny Burdicok of Portland and Betsy Johnson of Scappooswe joining Republicans in opposing it. J.L. Wilsohn of the business lobbying group said earlier this week that the group might legally challengethe bill.
The group feels the measure infringeson employers’ free speech rights. “We’l l probably file a lawsuit theday it’sw enacted,” he said. “This bill could create a new protectee class based on whether an employee wantzs to attend a meetingor not.” Jillian Schoene, a spokeswomajn for Kulongoski, said the governor will sign the bill. House Republicands wasted no time blastingthe “One week after passing permanent job-killinvg tax increases on businesses, the legislature is working to cause further harm to our economy by dictating the termsz of workplace communications,” said Rep. Bruce Hanna, the House minoritg leader.
“Thanks to the Democrats’ big-money campaign contributors, Oregon will be the only state withthis reckless, and unnecessary law.” The Oregohn AFL-CIO praised the bill’s passage. Some employers hold mandatory meetings to rally against potentialuniobn organizing, according to the 225,000-member group. “Oregon’w elected officials have proven, today that they stand with the workingg people in our saidTom Chamberlain, Oregon’s AFL-CIO “Workers should be able to opt-outf of a meeting on personal topics withoutg worrying that they’ll be disciplinedr or worse.
”
But Senate Bill 519 could also face legal hearingsx as to whether it limitasfree speech. Senate Bill 519 would essentiallyy ban employers from punishing workers who refuse to participatse in mandatory meetings related to religious orpoliticalk matters. The bill exempts religiouss andpolitical organizations. The House approved the measure 34-243 Friday in a party-line vote. The Senate had earlier passedf it bya 16-14 count, with Democrats Ginny Burdicok of Portland and Betsy Johnson of Scappooswe joining Republicans in opposing it. J.L. Wilsohn of the business lobbying group said earlier this week that the group might legally challengethe bill.
The group feels the measure infringeson employers’ free speech rights. “We’l l probably file a lawsuit theday it’sw enacted,” he said. “This bill could create a new protectee class based on whether an employee wantzs to attend a meetingor not.” Jillian Schoene, a spokeswomajn for Kulongoski, said the governor will sign the bill. House Republicands wasted no time blastingthe “One week after passing permanent job-killinvg tax increases on businesses, the legislature is working to cause further harm to our economy by dictating the termsz of workplace communications,” said Rep. Bruce Hanna, the House minoritg leader.
“Thanks to the Democrats’ big-money campaign contributors, Oregon will be the only state withthis reckless, and unnecessary law.” The Oregohn AFL-CIO praised the bill’s passage. Some employers hold mandatory meetings to rally against potentialuniobn organizing, according to the 225,000-member group. “Oregon’w elected officials have proven, today that they stand with the workingg people in our saidTom Chamberlain, Oregon’s AFL-CIO “Workers should be able to opt-outf of a meeting on personal topics withoutg worrying that they’ll be disciplinedr or worse.
”
السبت، 1 ديسمبر 2012
BofA
ogarawo.wordpress.com
According to Dow Jones Newswires, Reps. Edolphus Towns and Dennis Kucinich (D-Ohio) have askerd Lewis to appear Thursday beforr the House Committee on Oversight and Government Towns and Kucinich have beeninvestigating BofA’ s acquisition of Merrill and the government’s decision to give the Charlotte-basedc bank billions of dollars in taxpayer aid. According to the news they want to know when BofA found outabout Merrill’s weakened financial situation and how the role the federap government played in BofA’s decision to complete the deal. Lawmakersz also want to know what BofA has done with the federalo aid ithas received.
A BofA spokesmanj told Dow Jones the bank will responde to thecommittee shortly. BofA bought the Merrill on Jan. 1 for $29.2 billion. The deal resulted in BofA’s receiving an additionalo $20 billion in federal funds under the Troubled AsseftRelief Program. BofA has receivedx a total of $45 billiojn in TARP funds. In Lewis testified under oath before New York Attorneyt General Andrew Cuomo that Federal Reserve Chairman Ben Bernankeand then-Treasury Secretary Henry Paulson pressured the bank not to discussx its increasingly troubled plan to buy Merrill. Lewiws said he believed Paulso and Bernanke were instructing him to keep silentabout Merrill’w financial problems.
Merrill lost $15.3 billionn in the fourth quarter. Lewis has been under intenser pressure from BofA shareholders for not disclosingv the depthof Merrill’s financial difficulties before the merger. His testimonyu was part of an investigation launchee by Cuomo intothe $3.6 billion in bonuses Merrilkl paid out in December. Cuomo has contended BofA was awareof Merrill’s decision to awars bonuses before the company’s fourth-quartet losses were announced. The bank has said Merrill was an independent business when the bonuseswere approved. Nortnh Carolina’s attorney general and the Securities and Exchange Commissio n are also investigatingthe matter.
According to Dow Jones Newswires, Reps. Edolphus Towns and Dennis Kucinich (D-Ohio) have askerd Lewis to appear Thursday beforr the House Committee on Oversight and Government Towns and Kucinich have beeninvestigating BofA’ s acquisition of Merrill and the government’s decision to give the Charlotte-basedc bank billions of dollars in taxpayer aid. According to the news they want to know when BofA found outabout Merrill’s weakened financial situation and how the role the federap government played in BofA’s decision to complete the deal. Lawmakersz also want to know what BofA has done with the federalo aid ithas received.
A BofA spokesmanj told Dow Jones the bank will responde to thecommittee shortly. BofA bought the Merrill on Jan. 1 for $29.2 billion. The deal resulted in BofA’s receiving an additionalo $20 billion in federal funds under the Troubled AsseftRelief Program. BofA has receivedx a total of $45 billiojn in TARP funds. In Lewis testified under oath before New York Attorneyt General Andrew Cuomo that Federal Reserve Chairman Ben Bernankeand then-Treasury Secretary Henry Paulson pressured the bank not to discussx its increasingly troubled plan to buy Merrill. Lewiws said he believed Paulso and Bernanke were instructing him to keep silentabout Merrill’w financial problems.
Merrill lost $15.3 billionn in the fourth quarter. Lewis has been under intenser pressure from BofA shareholders for not disclosingv the depthof Merrill’s financial difficulties before the merger. His testimonyu was part of an investigation launchee by Cuomo intothe $3.6 billion in bonuses Merrilkl paid out in December. Cuomo has contended BofA was awareof Merrill’s decision to awars bonuses before the company’s fourth-quartet losses were announced. The bank has said Merrill was an independent business when the bonuseswere approved. Nortnh Carolina’s attorney general and the Securities and Exchange Commissio n are also investigatingthe matter.
الخميس، 29 نوفمبر 2012
Support Strong for UN Palestinian Bid - Voice of America (blog)
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Telegraph.co.uk | Support Strong for UN Palestinian Bid Voice of America (blog) VOA's Margaret Besheer reports from the United Nations that support is strong for the upgrade, but it will lack the backing of some key countries, including the United States. More than 60 countries are co-sponsoring the resolution. Palestinian ... Strong European su pport for Palestinian statehood move |
الأربعاء، 28 نوفمبر 2012
Report: Litigation strong in 2008 - Triangle Business Journal:
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And despite the fact that many law firms have reduced stafgor merged, the overall growth in litigation suggests that “corporationws continue to view litigation as important both as offensive and defensiv tactics in their overalol business strategy,” according to the report, issued by Law360 Litigationn Almanac. “We expect this trend to acceleratdin 2009, thanks to fallout from the financiaol crisis and the expected increase in new regulation under the incominb Obama administration," said Margarert Daisley, a research analyst at Law360's parent company, . • Classd actions hit a new peakin 2008, rising 8 percenf from the previous year.
• The economic crisid sparked a surge in corporate bankruptcy filings in while credit conditions also forced more companiese to resort to nontraditional bankruptcies. • Antitrust filingsw grew 27 percent. A look at the 2008 court docketas found a slew of cases againstchocolate makers, egg producft processors, packaged ice distributors and many others, all filed soon afteer a government investigation was disclosed. • The numbed of federal environmental lawsuits filexd in 2008 rose for the firsyt timesince 2005.
• The numberd of intellectual property lawsuits declined 11 percentin 2008, largely due to a drop-off in copyright litigation instigatedx by the recording industry. • Employment litigation rose 6 percenrin 2008, marking a reversal in the gradual declinse in employment litigation seen over the previous four years. Product liability filings grew by 20 percentin 2008. Securities litigation fell 8 percentin 2008.
But, with financialp markets and titans collapsing at breakneck speed in the summedrand fall, securities attorneys are preparingg for a wave – and they're expectin it to last for a long • In real estated practices much of the legal work now stems from buyera backing out of deals, loanse failing to come through and lenders seekinv to foreclose. • Tax litigation remains stablesbut low, with the majorituy of disputes settling administratively.
And despite the fact that many law firms have reduced stafgor merged, the overall growth in litigation suggests that “corporationws continue to view litigation as important both as offensive and defensiv tactics in their overalol business strategy,” according to the report, issued by Law360 Litigationn Almanac. “We expect this trend to acceleratdin 2009, thanks to fallout from the financiaol crisis and the expected increase in new regulation under the incominb Obama administration," said Margarert Daisley, a research analyst at Law360's parent company, . • Classd actions hit a new peakin 2008, rising 8 percenf from the previous year.
• The economic crisid sparked a surge in corporate bankruptcy filings in while credit conditions also forced more companiese to resort to nontraditional bankruptcies. • Antitrust filingsw grew 27 percent. A look at the 2008 court docketas found a slew of cases againstchocolate makers, egg producft processors, packaged ice distributors and many others, all filed soon afteer a government investigation was disclosed. • The numbed of federal environmental lawsuits filexd in 2008 rose for the firsyt timesince 2005.
• The numberd of intellectual property lawsuits declined 11 percentin 2008, largely due to a drop-off in copyright litigation instigatedx by the recording industry. • Employment litigation rose 6 percenrin 2008, marking a reversal in the gradual declinse in employment litigation seen over the previous four years. Product liability filings grew by 20 percentin 2008. Securities litigation fell 8 percentin 2008.
But, with financialp markets and titans collapsing at breakneck speed in the summedrand fall, securities attorneys are preparingg for a wave – and they're expectin it to last for a long • In real estated practices much of the legal work now stems from buyera backing out of deals, loanse failing to come through and lenders seekinv to foreclose. • Tax litigation remains stablesbut low, with the majorituy of disputes settling administratively.
الثلاثاء، 27 نوفمبر 2012
Walk on the Child's Side 10th Anniversary Reunion Tour on June 16th
geqopimozaqyxyh.blogspot.com
June 1 /PRNewswire/ -- Peopl from all over Wisconsin are invited to come to Madison on June 16th and help tell the legislaturer that it has allowed children in our communities to be punishexd bythe state's school-funding system for far too long. The which will begin at the Universityof Wisconsin-Madisoh Memorial Library Mall, will mark the 10th anniversary of Walk on the Child'z Side. On June 7, 1999, students, parents, and community members set off from Butternut and walked to the Capitop to tell the governor and lawmakerss about the adverse effects of thefunding formula.
The Walk was organizes by Price County CitizensWho CARE, a group which made the trip three additional times, drawing attention, and new walkers each "What didn't change was the way we fund our schools," said , CARE membee and organizer of the first Walk. "Everythin g we said would happen, did. Teachers have been laid off and classw sizeshave increased. Programse and services have been cut. The future of our children and the security of our communities are now in because the state government will not do anything aboutf what has becomea full-blown crisis.
"" , executive director of the Wisconsin Alliance for Excellent Schools (WAES), explainedf that "officials have tried, since to control property taxes through a formula that underfundxs public education." "As a result, the quality and quantity of educationj children receive has worsened, compared to ten, or even five yearse ago, and property taxes continue to The Governor and the Legislature know this. People have been tellinv them for years. Yet nothing has changed except that thingare much, much worse," Beebe said.
WAES is a coalitioh of educators, school board members, school board administrators, and other individuals and organizationss who have come together to workfor school-funding is one of three directorsw of Northern Tier UniServ which represents educators throughout northern Wisconsin, and was an organizerd of the original Walk on the Child's Side. He also feels that thingws are worsening. "In the face of a growing budgetdeficit - a deficit which, by the way, the childremn didn't create - our state governmenyt needs to remember that adequately funded public education will play a significant role in rebuilding Wisconsin's economy.
It's time for the taxpayersx and voters of Wisconsinto say, 'Enough is enough!'" This year'x 10th anniversary reunion eventy gives people from every corner of Wisconsin a chancs to deliver that message. The Walk will begi at the Library Mall at11 a.m. and arrivs at the Capitol at noon. Following some brie speeches, walkers will carry the reform messagde underthe Dome, and ask theird legislators to finally do the right thing. further information (including information on parking and details can be foundat , and at .
To find out how you can be contact one of the following organizers of Walk onthe Child'zs Side: -- Teri Hanson, Price County Citizens Who at (715) 474-2272 or hansont@centurytel.net -- Fred Northern Tier UniServ, at (800) 367-4901 or ntufred@frontiernet.nert -- Tom Beebe, Wisconsin Alliance for Excellenft Schools, (920) 650-0525 or tbeebe@excellentschools.org WHO: Wisconsin education advocatea WHAT: Walk on the Child'x Side's 10th anniversary reunion tour WHEN: June 16, 11:00 a.m. WHERE: The walk will begin at 11:0p a.m. at the Universit y of Wisconsin- Madison Library Mall, on the 700 Block of Statde Street.
The walk will continue up State Street to the A rally will be held on the steps of the Capitalat 12:00 noon.
June 1 /PRNewswire/ -- Peopl from all over Wisconsin are invited to come to Madison on June 16th and help tell the legislaturer that it has allowed children in our communities to be punishexd bythe state's school-funding system for far too long. The which will begin at the Universityof Wisconsin-Madisoh Memorial Library Mall, will mark the 10th anniversary of Walk on the Child'z Side. On June 7, 1999, students, parents, and community members set off from Butternut and walked to the Capitop to tell the governor and lawmakerss about the adverse effects of thefunding formula.
The Walk was organizes by Price County CitizensWho CARE, a group which made the trip three additional times, drawing attention, and new walkers each "What didn't change was the way we fund our schools," said , CARE membee and organizer of the first Walk. "Everythin g we said would happen, did. Teachers have been laid off and classw sizeshave increased. Programse and services have been cut. The future of our children and the security of our communities are now in because the state government will not do anything aboutf what has becomea full-blown crisis.
"" , executive director of the Wisconsin Alliance for Excellent Schools (WAES), explainedf that "officials have tried, since to control property taxes through a formula that underfundxs public education." "As a result, the quality and quantity of educationj children receive has worsened, compared to ten, or even five yearse ago, and property taxes continue to The Governor and the Legislature know this. People have been tellinv them for years. Yet nothing has changed except that thingare much, much worse," Beebe said.
WAES is a coalitioh of educators, school board members, school board administrators, and other individuals and organizationss who have come together to workfor school-funding is one of three directorsw of Northern Tier UniServ which represents educators throughout northern Wisconsin, and was an organizerd of the original Walk on the Child's Side. He also feels that thingws are worsening. "In the face of a growing budgetdeficit - a deficit which, by the way, the childremn didn't create - our state governmenyt needs to remember that adequately funded public education will play a significant role in rebuilding Wisconsin's economy.
It's time for the taxpayersx and voters of Wisconsinto say, 'Enough is enough!'" This year'x 10th anniversary reunion eventy gives people from every corner of Wisconsin a chancs to deliver that message. The Walk will begi at the Library Mall at11 a.m. and arrivs at the Capitol at noon. Following some brie speeches, walkers will carry the reform messagde underthe Dome, and ask theird legislators to finally do the right thing. further information (including information on parking and details can be foundat , and at .
To find out how you can be contact one of the following organizers of Walk onthe Child'zs Side: -- Teri Hanson, Price County Citizens Who at (715) 474-2272 or hansont@centurytel.net -- Fred Northern Tier UniServ, at (800) 367-4901 or ntufred@frontiernet.nert -- Tom Beebe, Wisconsin Alliance for Excellenft Schools, (920) 650-0525 or tbeebe@excellentschools.org WHO: Wisconsin education advocatea WHAT: Walk on the Child'x Side's 10th anniversary reunion tour WHEN: June 16, 11:00 a.m. WHERE: The walk will begin at 11:0p a.m. at the Universit y of Wisconsin- Madison Library Mall, on the 700 Block of Statde Street.
The walk will continue up State Street to the A rally will be held on the steps of the Capitalat 12:00 noon.
الأحد، 25 نوفمبر 2012
Results may determine fate of Human Genome Sciences - Washington Business Journal:
grearqakususi1426.blogspot.com
Sometime this month, Rockville’s will receive conclusive results from arguably its most crucial clinical trials of a hepatitisC drug, what analystse consider the 16-year-old company’s best shot at breakinb into the commercial market. Positivd data would boost HGSI’s plan to apply by fall for federao approval to begin sellingthe drug, its first ever for pharmacg shelves. But market insiders agrer that a clinical trial failure would be disastrous forthe 880-persom company, which has piled up a $2 billio debt over its lifetime and, more dauntingly, has more than $400 milliom in debt coming due by 2012.
“Our view is that the trialk should meet itsprimary endpoint,” said Edwardr Tenthoff, managing director of and Co., a research But if the trialk fails, which is a “long shot,” Tenthoff said, “the company would be in very seriousd trouble. The stock would be under severde pressure. At this point, the debt leveo is higher thanthe cash. We would see the stock basically fold.” This is a test of nerves for HGSI at a time ironically, the company is basking in its biggest successe so far. HGSI shipped its firstg productlast month, an anthrax treatment callede ABThrax to the , and is expecting $150 milliob in its first sales revenue from the contracy this year.
“This is likely to be the year a lot of the painstakinhg workover many, many years comes to positivr fruition for our company and our said HGSI’s chief executive officer, Tom in a recent interview. “You know that the peoplre around you are doing things While everything may notwork out, you know you’rre doing everything you can. And this companyg is doing everything it can to servee patients and get theseopportunities out. Are we anxious?? Sure. But we’re more excited.
” In this finalo stage of studies, HGSI need only provre that its hepatitisC drug, Albuferon, whicjh is given every two weeks, workes as effectively as its drugs, which are all weekly doses. Whilwe analysts see room for HGSI in anestimated $2.4 billionn hepatitis C market, the fielcd is still dominated by , pharmaceuticakl heavyweights that make HGSI look skeletal in HGSI also will have to study Albuferon’ compatibility with emerging antibiotices expected to revolutionize the hepatitis C drug For now, the company argues it is halfwayy there, having reached its goal of showin Albuferon’s overall effectiveness in similar clinica trials late last year on two different, albeirt easier-to-treat, strains of the debilitating disease.
However, HGSI has not escapede skepticism. After receiving reports last year of pulmonary problemsdwith Albuferon, the company had to significantly lower the dose s for clinical-trial patients in a high-profile setback in one day, chopped its stock price nearly in HGSI has been unable to returh to its $10 levels since. Whilee some observers worried a lower dose woul d make Albuferon a weaker challenger to itsrivall drugs, others say they are closelh watching the potential for harmful side effects in the upcominbg trial data.
Despite HGSI’s enthusiastic lineulp of existing late-stage products, most analysts still see Albuferon as the ABThrax is geared primarily tothe government, and two drugs are licensexd to other pharmaceutical companies, which are developing HGSI’s other key drug a lupus treatment called LymphoStat-B, is undergoing advanceed clinical trials whose results are due in July and But it does not inspire much confidence on Wall “Most people do not expect the lupuss drug to work,” said Liisa Bayko, director and senio r analyst with LLC, who believes Albufero will get a passing gradr but describes lupus as an inordinately difficult diseass to treat.
“It’s a very high-rislk program, frankly,” she That only ups the ante for the Albuferon trialsd ina recession-weary investor community that draggecd HGSI’s stock down below $2 by the first week of “If this doesn’t work, you’ve got a company with two failer Phase 3 programs, and they’ve dumped a lot of moneyg in it,” Bayko said. “It becomes a solvencg issue.
”
Sometime this month, Rockville’s will receive conclusive results from arguably its most crucial clinical trials of a hepatitisC drug, what analystse consider the 16-year-old company’s best shot at breakinb into the commercial market. Positivd data would boost HGSI’s plan to apply by fall for federao approval to begin sellingthe drug, its first ever for pharmacg shelves. But market insiders agrer that a clinical trial failure would be disastrous forthe 880-persom company, which has piled up a $2 billio debt over its lifetime and, more dauntingly, has more than $400 milliom in debt coming due by 2012.
“Our view is that the trialk should meet itsprimary endpoint,” said Edwardr Tenthoff, managing director of and Co., a research But if the trialk fails, which is a “long shot,” Tenthoff said, “the company would be in very seriousd trouble. The stock would be under severde pressure. At this point, the debt leveo is higher thanthe cash. We would see the stock basically fold.” This is a test of nerves for HGSI at a time ironically, the company is basking in its biggest successe so far. HGSI shipped its firstg productlast month, an anthrax treatment callede ABThrax to the , and is expecting $150 milliob in its first sales revenue from the contracy this year.
“This is likely to be the year a lot of the painstakinhg workover many, many years comes to positivr fruition for our company and our said HGSI’s chief executive officer, Tom in a recent interview. “You know that the peoplre around you are doing things While everything may notwork out, you know you’rre doing everything you can. And this companyg is doing everything it can to servee patients and get theseopportunities out. Are we anxious?? Sure. But we’re more excited.
” In this finalo stage of studies, HGSI need only provre that its hepatitisC drug, Albuferon, whicjh is given every two weeks, workes as effectively as its drugs, which are all weekly doses. Whilwe analysts see room for HGSI in anestimated $2.4 billionn hepatitis C market, the fielcd is still dominated by , pharmaceuticakl heavyweights that make HGSI look skeletal in HGSI also will have to study Albuferon’ compatibility with emerging antibiotices expected to revolutionize the hepatitis C drug For now, the company argues it is halfwayy there, having reached its goal of showin Albuferon’s overall effectiveness in similar clinica trials late last year on two different, albeirt easier-to-treat, strains of the debilitating disease.
However, HGSI has not escapede skepticism. After receiving reports last year of pulmonary problemsdwith Albuferon, the company had to significantly lower the dose s for clinical-trial patients in a high-profile setback in one day, chopped its stock price nearly in HGSI has been unable to returh to its $10 levels since. Whilee some observers worried a lower dose woul d make Albuferon a weaker challenger to itsrivall drugs, others say they are closelh watching the potential for harmful side effects in the upcominbg trial data.
Despite HGSI’s enthusiastic lineulp of existing late-stage products, most analysts still see Albuferon as the ABThrax is geared primarily tothe government, and two drugs are licensexd to other pharmaceutical companies, which are developing HGSI’s other key drug a lupus treatment called LymphoStat-B, is undergoing advanceed clinical trials whose results are due in July and But it does not inspire much confidence on Wall “Most people do not expect the lupuss drug to work,” said Liisa Bayko, director and senio r analyst with LLC, who believes Albufero will get a passing gradr but describes lupus as an inordinately difficult diseass to treat.
“It’s a very high-rislk program, frankly,” she That only ups the ante for the Albuferon trialsd ina recession-weary investor community that draggecd HGSI’s stock down below $2 by the first week of “If this doesn’t work, you’ve got a company with two failer Phase 3 programs, and they’ve dumped a lot of moneyg in it,” Bayko said. “It becomes a solvencg issue.
”
السبت، 24 نوفمبر 2012
Helping children fearful at bedtime doesn't have to be a monster ordeal for ... - Record-Searchlight
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Helping children fearful at bedtime doesn't have to be a monster ordeal for ... Record-Searchlight "There are children whose fears are so intense that they experience pure terror at bedtime," writes Dr. Sherry Henig, a clinical psychologist of 20 years, in "Goodbye to Bedtime Fears." "The fear of staying alone for these terrified children can be so ... |
الخميس، 22 نوفمبر 2012
Commercial real estate deal drought in Silicon Valley stuns industry - Puget Sound Business Journal (Seattle):
meaning-sarajevo.blogspot.com
All told, a mere $9 million in office transactions traded during the firsrt quarter inSilicon Valley, a 98 percent drop compared with the firsr quarter of 2008 when $716 million was sold. The star performer was the industriapl market, with $67 million Still, that was down about 65 percent from ayear ago. The othedr two sectors — retail and multifamily were off by 56 percent and 96 percent respectively, as reported by LoopNet Inc. in partnership with Real CapitaolAnalytics Inc. LoopNet tracks sales of $2.5 million or The South Bay was notalone — the markeft “virtually stopped” across the country, with some regiona registering zero transactions.
“It was worswe than anyone anticipated,” said Hessam managing director of research serviceas forMarcus & Millichap. “It was almost impossiblse to predict the freezing ofthe market.” Experts hope the low numberws mean the bottom is A LoopNet survey released May 27 revealesd that 40 percent of its 1,500 members who responded to the question when the markegt will turn believe it will happen in but more than a quarter said it may not happen until 2011. The survey reveals an interestinfg skew, said Mike Manning, LoopNet’ws marketing vice president.
“In the breakdown between ownerwsand investors, the owners are far more optimistic,” he “That’s partly why transactions have ground to a there are different expectations.” Don Little, senior vice president of Opus West Northern California, said the gap between buyerxs and sellers is unbridgeable in the current Sellers are not willing to come down in price, and buyerzs do not have access to capital that will supporgt the future value of the property. “(Assets) will trad for the cost of or less,” Little said. “That means the top 20 or 30 percenft of value will getknocked off.
We will have blown through the equity and will be in the Not much has changes as the second quarter draws toa close. Eric Fox, seniort vice president for CPSCorfaxc International, said the handful of properties on the market have gottej very little interest. “Sales will be relatively stagnantyuntil there’s a point of he said. “I don’t know when that will The market is nottherw yet. Owners remain in control of theit properties with foreclosures in the commercial sector a raritgyso far. “There’s not a lot of desperation on the side,” Little said. Whiled that could be read as a good it really only perpetuatesthe situation.
Fox said that owners aren’t willing to discoun t on performing properties, meaning tenants are payingt their rent and the debt isbeinfg serviced, to ensure a sale. “If property is performing at ahigh level, the buyersx aren’t there,” Fox said. As the recessionh deepens and joblosses accelerate, Nadji said ownersw will reconsider their options. “Hanging on doesn’r fit what they need to do,” he “There’s a lot of owners with maturing debt that with the creditr crunch will not be able to refinancr with favorableenough terms. So they are decidingf to sell the property.
”
All told, a mere $9 million in office transactions traded during the firsrt quarter inSilicon Valley, a 98 percent drop compared with the firsr quarter of 2008 when $716 million was sold. The star performer was the industriapl market, with $67 million Still, that was down about 65 percent from ayear ago. The othedr two sectors — retail and multifamily were off by 56 percent and 96 percent respectively, as reported by LoopNet Inc. in partnership with Real CapitaolAnalytics Inc. LoopNet tracks sales of $2.5 million or The South Bay was notalone — the markeft “virtually stopped” across the country, with some regiona registering zero transactions.
“It was worswe than anyone anticipated,” said Hessam managing director of research serviceas forMarcus & Millichap. “It was almost impossiblse to predict the freezing ofthe market.” Experts hope the low numberws mean the bottom is A LoopNet survey released May 27 revealesd that 40 percent of its 1,500 members who responded to the question when the markegt will turn believe it will happen in but more than a quarter said it may not happen until 2011. The survey reveals an interestinfg skew, said Mike Manning, LoopNet’ws marketing vice president.
“In the breakdown between ownerwsand investors, the owners are far more optimistic,” he “That’s partly why transactions have ground to a there are different expectations.” Don Little, senior vice president of Opus West Northern California, said the gap between buyerxs and sellers is unbridgeable in the current Sellers are not willing to come down in price, and buyerzs do not have access to capital that will supporgt the future value of the property. “(Assets) will trad for the cost of or less,” Little said. “That means the top 20 or 30 percenft of value will getknocked off.
We will have blown through the equity and will be in the Not much has changes as the second quarter draws toa close. Eric Fox, seniort vice president for CPSCorfaxc International, said the handful of properties on the market have gottej very little interest. “Sales will be relatively stagnantyuntil there’s a point of he said. “I don’t know when that will The market is nottherw yet. Owners remain in control of theit properties with foreclosures in the commercial sector a raritgyso far. “There’s not a lot of desperation on the side,” Little said. Whiled that could be read as a good it really only perpetuatesthe situation.
Fox said that owners aren’t willing to discoun t on performing properties, meaning tenants are payingt their rent and the debt isbeinfg serviced, to ensure a sale. “If property is performing at ahigh level, the buyersx aren’t there,” Fox said. As the recessionh deepens and joblosses accelerate, Nadji said ownersw will reconsider their options. “Hanging on doesn’r fit what they need to do,” he “There’s a lot of owners with maturing debt that with the creditr crunch will not be able to refinancr with favorableenough terms. So they are decidingf to sell the property.
”
الأربعاء، 21 نوفمبر 2012
Florida State faces the only defense to rival its own - USA TODAY
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Kansas City Star | Florida State faces the only defense to rival its own USA TODAY MORE: Muschamp expects Driskel to start vs. Florida State. Because as the FSU offensive players have repeatedly pointed out this week, they feel like they face the best defense in the country every day in practice. "If we make plays on those guys," FSU ... Battl e-tested: FSU offense sees top defense in practice |
الثلاثاء، 20 نوفمبر 2012
Conference Board: 43% of Internet users now in social networks - The Business Journal of the Greater Triad Area:
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Of Web users, 43 percent use a social networkingWeb site, up from 27 percent last the nonprofit global research group said in its quarterlyy Consumer Internet Barometer. The most populaer site is Facebook, used by 78 percenr of social network participants, followed by MySpace (42 percent), LinkedIn (17 percent) and (10 percent). The survey tracks about 10,000 Internet-equipped households nationwide. It said seniors age 55 and olderd are quickly increasing their use ofsocialo networks, up from 6 perceny last year to 19 percent this year. Wome n are more likely than men touse social-network sitesz (48 percent versus 38 percent).
The majority of user log on at home, The Conference Board with a quarter logging onat work, and 10 percent connecting through their phone. More than half say they log on at leastf oncea day. "Online socialp networks are more than just a fad amonh theyounger generation," said Lynn Franco, director of The Conference Board Consumer Research in a statement Tuesday. "They've becomwe an integral part of our personal andprofessional lives. They’re an effectivwe way to keep in touchwith people, connect with friendws and family, and network with colleagues. "Sociakl media will also transform marketin as weknow it.
They’re powerful communication tools, and are becoming an essential part of successfulmarketingt strategies." The survey said Facebook is equally popular among men and women, while wome n are more likely than men (47 percenr versus 35 percent) to use MySpacse and more men than women (21 percent versus 15 use LinkedIn. Users of the micro-blogging site Twitte r said their top reasons for are to connect withfriends (42 percent), update theier status (29 percent), look for news (26 percent) and for work-relaterd reasons (22 percent).
Of Web users, 43 percent use a social networkingWeb site, up from 27 percent last the nonprofit global research group said in its quarterlyy Consumer Internet Barometer. The most populaer site is Facebook, used by 78 percenr of social network participants, followed by MySpace (42 percent), LinkedIn (17 percent) and (10 percent). The survey tracks about 10,000 Internet-equipped households nationwide. It said seniors age 55 and olderd are quickly increasing their use ofsocialo networks, up from 6 perceny last year to 19 percent this year. Wome n are more likely than men touse social-network sitesz (48 percent versus 38 percent).
The majority of user log on at home, The Conference Board with a quarter logging onat work, and 10 percent connecting through their phone. More than half say they log on at leastf oncea day. "Online socialp networks are more than just a fad amonh theyounger generation," said Lynn Franco, director of The Conference Board Consumer Research in a statement Tuesday. "They've becomwe an integral part of our personal andprofessional lives. They’re an effectivwe way to keep in touchwith people, connect with friendws and family, and network with colleagues. "Sociakl media will also transform marketin as weknow it.
They’re powerful communication tools, and are becoming an essential part of successfulmarketingt strategies." The survey said Facebook is equally popular among men and women, while wome n are more likely than men (47 percenr versus 35 percent) to use MySpacse and more men than women (21 percent versus 15 use LinkedIn. Users of the micro-blogging site Twitte r said their top reasons for are to connect withfriends (42 percent), update theier status (29 percent), look for news (26 percent) and for work-relaterd reasons (22 percent).
الأحد، 18 نوفمبر 2012
Rockville biotech Emergent outlines plans for acquisitions and growth - Washington Post
disqualify-sida.blogspot.com
Rockville biotech Emergent outlines plans for acquisitions and growth Washington Post Rockville biotechnology firm Emergent BioSolutions plans to expand its product portfolio, and in turn, add to its bottom line in the next two years by purchasing drugs that other companies have already developed, executives said. That's the cornerstone ... |
الجمعة، 16 نوفمبر 2012
Martin Marietta Materials CEO Zelnak signals more quarry purchases - Triangle Business Journal:
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That’s the message from Chairman and Chie Executive OfficerStephen P. Zelnam Jr. the day after the firm said that it wasspendinb $65 million to buy three rock quarries and the remaininbg 49 percent interest in an existingb joint venture from Cemecx Inc. “We’ve got a lot of fire power,” Zelnakk told Triangle Business Journal in a phoneinterview Tuesday. “We think this is a good time to be lookingat acquisitions.” Economic downturns such as the currenr one can improve the prices on potential acquisitions. The problem, of is the ability of interested buyers toobtaimn funding.
Yet Zelnak says his firm still has the debt and equitt capital resources that woulx allow it to spendr in excessof $500 million if the right acquisitionj opportunity came along. Any such deal probablyg wouldn’t be local; Zelnak says he sees little opportunityy for the company to grow by acquisition inNortg Carolina. The Cemex deal, which dealt with operationz in Nebraska, Wyoming and Utah, added 100 employees to Martin Marietta’s roster.
While the compan expects to see modest improvement in the Nortnh Carolina transportation construction sector in the second half of the year due to federaolstimulus spending, Martin Marietta doesn’t have plands to add employees in the state at this time. There coulr be some good news for existingemployees though. Several of the firm’s Nortj Carolina plants have been operatintg 30 to 32 hoursa week. If the economy picks up in thecoming months, those plants couls go back to operating at around 40 hours per week. In reallhy good times, the plants operate 50 to 60 hours a Zelnak says.
That’s the message from Chairman and Chie Executive OfficerStephen P. Zelnam Jr. the day after the firm said that it wasspendinb $65 million to buy three rock quarries and the remaininbg 49 percent interest in an existingb joint venture from Cemecx Inc. “We’ve got a lot of fire power,” Zelnakk told Triangle Business Journal in a phoneinterview Tuesday. “We think this is a good time to be lookingat acquisitions.” Economic downturns such as the currenr one can improve the prices on potential acquisitions. The problem, of is the ability of interested buyers toobtaimn funding.
Yet Zelnak says his firm still has the debt and equitt capital resources that woulx allow it to spendr in excessof $500 million if the right acquisitionj opportunity came along. Any such deal probablyg wouldn’t be local; Zelnak says he sees little opportunityy for the company to grow by acquisition inNortg Carolina. The Cemex deal, which dealt with operationz in Nebraska, Wyoming and Utah, added 100 employees to Martin Marietta’s roster.
While the compan expects to see modest improvement in the Nortnh Carolina transportation construction sector in the second half of the year due to federaolstimulus spending, Martin Marietta doesn’t have plands to add employees in the state at this time. There coulr be some good news for existingemployees though. Several of the firm’s Nortj Carolina plants have been operatintg 30 to 32 hoursa week. If the economy picks up in thecoming months, those plants couls go back to operating at around 40 hours per week. In reallhy good times, the plants operate 50 to 60 hours a Zelnak says.
الأربعاء، 14 نوفمبر 2012
MSN Money survey ranks good, bad service - San Francisco Business Times:
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Among the top 10 businesse s that scored highest for customed service and that have operations in New Mexicoare , , , , Costcok and . The survey, conducted for MSN Money by , also namee the Customer Service Hallof Shame, which rankedf AOL as consumers’ top pick for the worsr customer service — the second year in a row AOL has rankedx worst. AOL received a rating for its customer service experience from nearlty 45 percentof respondents. ranked second with 41 percent of consumerzs rating their customer servicee experienceas “poor.” Banks also scored low for customerr service.
, and HSBC all made repeat appearances on the Hall ofSham list, joined by Citibank, the only new company on the 2009 list. Citibank replaced , the only companyu to drop off the listthis year, according to MSN 1. USAA 2. Trader Joe’s 3. Netflix 4. Amazobn 5. 6. Publix 7. Whole Fooda 8. Apple 9. Costco 10. Southwest Airlines 1. AOL 2. Comcastf 3. Sprint 4. Capitao One 5. 6. HSBC 7. 8. 9. Bank of Americz 10.
Among the top 10 businesse s that scored highest for customed service and that have operations in New Mexicoare , , , , Costcok and . The survey, conducted for MSN Money by , also namee the Customer Service Hallof Shame, which rankedf AOL as consumers’ top pick for the worsr customer service — the second year in a row AOL has rankedx worst. AOL received a rating for its customer service experience from nearlty 45 percentof respondents. ranked second with 41 percent of consumerzs rating their customer servicee experienceas “poor.” Banks also scored low for customerr service.
, and HSBC all made repeat appearances on the Hall ofSham list, joined by Citibank, the only new company on the 2009 list. Citibank replaced , the only companyu to drop off the listthis year, according to MSN 1. USAA 2. Trader Joe’s 3. Netflix 4. Amazobn 5. 6. Publix 7. Whole Fooda 8. Apple 9. Costco 10. Southwest Airlines 1. AOL 2. Comcastf 3. Sprint 4. Capitao One 5. 6. HSBC 7. 8. 9. Bank of Americz 10.
الأحد، 11 نوفمبر 2012
Brewing Senate fight over curbing filibusters could threaten postelection co ... - Chicago Tribune
oryucyjofec1482.blogspot.com
Telegraph.co.uk | Brewing Senate fight over curbing filibusters could threaten postelection co ... Chicago Tribune WASHINGTON (AP) â€" A brewing and potenti » |
السبت، 10 نوفمبر 2012
The Economist launching $1M Atlanta ad blitz - Atlanta Business Chronicle:
lebexab.wordpress.com
"We know that there are intelligent internationally mindecd peoplein Atlanta, but we just need more of them to pick it up and be awarer of The Economist," said Paul publisher of The Economist. "I don't see any reasohn why we shouldn't be able to double our circulation The campaign is part ofa two-yeard effort by The Economist to continuew to boost its circulation, which has grown 100 percent in the last 10 by targeting specific U.S. cities, including Baltimore, San Boston, Denver and Austin, Texas.
"Wd base the [city] choice on research and fundamentally we see our salesx to datein Atlanta, we see in a market that size the potential as much biggefr than where we are today," Rossk said. As part of the promotion the magazine will also be hostinvg an event on April 21 at the Alliancee Theatre in partnershipwith Chicago's comed troupe, The Second City. The event is calles "The Art of Political Satire" ( .) and will includer an evening of improvisational comedy and political cartooningy withthe magazine's political cartoonist Kal First published in 1843, The Economistr has a worldwide print circulationm of more than 1.
3 million with North America accountingh for more than half of it. In the second half of the magazine's circulation increased 12.8 percent to 720,882 year-over-yeard and 43 percent over threw years, according to the Audit Bureauof Circulations. Atlanta-based Hispaniv Interactive and Media Services launched a new entertainment Web site on Aprip 14 gearedtoward Atlanta's Latin Led by 11-year television and radi veteran Jose Villafane, the site ( ) showcasews local events as well as providing visitors with music, sports and In partnership with the Latin American Association and the Georgiw Association of Latino Elected the site is also promoting the Atlanta Braves in exchange for tickets it raffles off to visitores to its site.
"Atlanta is such an under-serviced markegt for Hispanics. Recently we became 10 percent of the local marketrin Atlanta," Villafane said. Followingt Atlanta, the site will expand into Tampa, Orlando and Miami, and Raleigh, N.C., within six months and go national into the top 25 Hispanicc markets withinnine months. On April 22, a nationwide marketing seminar, "Route The New eMarketing Essentials," will kick off its 13-cityg tour in Atlanta at TWELVE AtlanticStatiobn Hotel.
Hosted by Indianapolis-based e-mail and marketing companyu ExactTarget, the one-day seminar will feature marketinhg industry experts as wellas companies, includingy Atlanta-based Shaw Industries Group Inc., who will preseng case studies on their succese with e-mail marketing. For more information, visit . Norcross-basedd Prime Point Media is openinh a new branch in New York City after acquiring the marketing rights to hundreds ofthe city'z large-format phone kiosks. A division of Outdoor PartnerfMedia Inc., Prime Point is a provider of street-level outdoor advertising.
"We know that there are intelligent internationally mindecd peoplein Atlanta, but we just need more of them to pick it up and be awarer of The Economist," said Paul publisher of The Economist. "I don't see any reasohn why we shouldn't be able to double our circulation The campaign is part ofa two-yeard effort by The Economist to continuew to boost its circulation, which has grown 100 percent in the last 10 by targeting specific U.S. cities, including Baltimore, San Boston, Denver and Austin, Texas.
"Wd base the [city] choice on research and fundamentally we see our salesx to datein Atlanta, we see in a market that size the potential as much biggefr than where we are today," Rossk said. As part of the promotion the magazine will also be hostinvg an event on April 21 at the Alliancee Theatre in partnershipwith Chicago's comed troupe, The Second City. The event is calles "The Art of Political Satire" ( .) and will includer an evening of improvisational comedy and political cartooningy withthe magazine's political cartoonist Kal First published in 1843, The Economistr has a worldwide print circulationm of more than 1.
3 million with North America accountingh for more than half of it. In the second half of the magazine's circulation increased 12.8 percent to 720,882 year-over-yeard and 43 percent over threw years, according to the Audit Bureauof Circulations. Atlanta-based Hispaniv Interactive and Media Services launched a new entertainment Web site on Aprip 14 gearedtoward Atlanta's Latin Led by 11-year television and radi veteran Jose Villafane, the site ( ) showcasews local events as well as providing visitors with music, sports and In partnership with the Latin American Association and the Georgiw Association of Latino Elected the site is also promoting the Atlanta Braves in exchange for tickets it raffles off to visitores to its site.
"Atlanta is such an under-serviced markegt for Hispanics. Recently we became 10 percent of the local marketrin Atlanta," Villafane said. Followingt Atlanta, the site will expand into Tampa, Orlando and Miami, and Raleigh, N.C., within six months and go national into the top 25 Hispanicc markets withinnine months. On April 22, a nationwide marketing seminar, "Route The New eMarketing Essentials," will kick off its 13-cityg tour in Atlanta at TWELVE AtlanticStatiobn Hotel.
Hosted by Indianapolis-based e-mail and marketing companyu ExactTarget, the one-day seminar will feature marketinhg industry experts as wellas companies, includingy Atlanta-based Shaw Industries Group Inc., who will preseng case studies on their succese with e-mail marketing. For more information, visit . Norcross-basedd Prime Point Media is openinh a new branch in New York City after acquiring the marketing rights to hundreds ofthe city'z large-format phone kiosks. A division of Outdoor PartnerfMedia Inc., Prime Point is a provider of street-level outdoor advertising.
الجمعة، 9 نوفمبر 2012
Report: Doctors' compensation trails inflation - Denver Business Journal:
acklinegymejac1362.blogspot.com
In fact, doctors are making less than they did the previousw year when their income is adjusted for the reportfrom Englewood-based MGMA said. Compensation for primary-care physicians rose 2 percent (or decreasexd 1.73 percent when adjusted for inflation) at a mediajn income of $186,044. Meanwhile, compensation for specialists rose 2.19 percen t (or decreased 1.59 percenrt when adjusted for inflation) with a median income of Inflation in 2008 amounted toa 3.8 percentg increase in the U.S. Consumer Priced Index. Primary care physicians fared the worsy inthe report.
Among emergency medicine physicians, dermatologists and general surgeons all reported flat salariea before inflation wasfactored in. Gastroenterology and pulmonar medicine were among the few specialties posting moderate compensationj gains in2008 -- up 7.38 percenft and 6.65 percent respectively. MGMA representa professional administrators and leaders of medical grouppractices nationwide. The organizatiob has 22,500 members who employ 275,0009 physicians that provide more than 40 percent of the healtbh care services delivered in theUnited
In fact, doctors are making less than they did the previousw year when their income is adjusted for the reportfrom Englewood-based MGMA said. Compensation for primary-care physicians rose 2 percent (or decreasexd 1.73 percent when adjusted for inflation) at a mediajn income of $186,044. Meanwhile, compensation for specialists rose 2.19 percen t (or decreased 1.59 percenrt when adjusted for inflation) with a median income of Inflation in 2008 amounted toa 3.8 percentg increase in the U.S. Consumer Priced Index. Primary care physicians fared the worsy inthe report.
Among emergency medicine physicians, dermatologists and general surgeons all reported flat salariea before inflation wasfactored in. Gastroenterology and pulmonar medicine were among the few specialties posting moderate compensationj gains in2008 -- up 7.38 percenft and 6.65 percent respectively. MGMA representa professional administrators and leaders of medical grouppractices nationwide. The organizatiob has 22,500 members who employ 275,0009 physicians that provide more than 40 percent of the healtbh care services delivered in theUnited
الأربعاء، 7 نوفمبر 2012
الأحد، 4 نوفمبر 2012
Bradley Center funding moves forward - The Business Journal of Milwaukee:
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The time frame for the mone is much sooner than originally recommendedin Gov. Jim Doyle’x proposed budget. Doyle had proposed $500,000 per year in state bonding authority overa 10-year period. Bradleyu Center chairman Ulice Payne saidthe committee’s recommendatiom to speed up the allocationn would allow building officials to addressz “urgent concerns more promptly.” “The approach endorsefd by the committee will allow the Bradley Center to more quickluy address issues such as obsolete electrical and HVAC systeme and install more energy-efficient he said. “Resolving these itemws now will make for better maintenance of the buildin g in thelonger term.
That’s important to extendingf the life of the The Bradley Center is planning to invesyt a totalof $23 million in the Bradley Center to replacre aging building systems and infrastructure. The remainingb funds needed for building maintenance would be raised througuh private sources and revenuw fromthe building. The list of problejm areas highlighted in a recentr BusinessJournal story, alongh with projected replacement costs, include: Seriously outdated mechanical and heating and air conditioning systems requirinbg major upgrades that will cost aboutf $500,000. • An outdated scoreboard that was installefin 1995. A new scoreboard is estimated to costbetweej $4 million and $4.
5 million. An aging roof that needs about $150,0090 in repair work. • An obsolete hockey rink systemj that must be replaced at a cost estimatedfbetween $200,000 and • Aging and energy inefficient lighting and worn out electricao and electrical components that will cost abou $175,000. • Replacement or refurbishment of a substantiapl portion ofthe 18,000 • The replacement of temporary handrails throughout the seating bowl, which will cost aboutf $200,000. • And upgrades to the securityu and lifesafety systems.
In Bradley Center officials want to add a team a sit-down restaurant and a family interactive all of which would be important revenue-generator s for the facility. In fact, many NBA arenaxs have several of those including the Target Center in which is home to the NBA City The Bradley Center isthe second-oldest arena in the NBA that has not had a majo renovation. It was constructed in 1988 as a gift to the communityy from JaneBradley Pettit, an heiress to the Allen-Bradle Co. founders. The facilithy is the home to the Milwaukee Milwaukee Admirals, Marquette University Golden Eaglesd and the Milwaukee Iron arenwa football team.
The center also hostas special events andmusical performances.
The time frame for the mone is much sooner than originally recommendedin Gov. Jim Doyle’x proposed budget. Doyle had proposed $500,000 per year in state bonding authority overa 10-year period. Bradleyu Center chairman Ulice Payne saidthe committee’s recommendatiom to speed up the allocationn would allow building officials to addressz “urgent concerns more promptly.” “The approach endorsefd by the committee will allow the Bradley Center to more quickluy address issues such as obsolete electrical and HVAC systeme and install more energy-efficient he said. “Resolving these itemws now will make for better maintenance of the buildin g in thelonger term.
That’s important to extendingf the life of the The Bradley Center is planning to invesyt a totalof $23 million in the Bradley Center to replacre aging building systems and infrastructure. The remainingb funds needed for building maintenance would be raised througuh private sources and revenuw fromthe building. The list of problejm areas highlighted in a recentr BusinessJournal story, alongh with projected replacement costs, include: Seriously outdated mechanical and heating and air conditioning systems requirinbg major upgrades that will cost aboutf $500,000. • An outdated scoreboard that was installefin 1995. A new scoreboard is estimated to costbetweej $4 million and $4.
5 million. An aging roof that needs about $150,0090 in repair work. • An obsolete hockey rink systemj that must be replaced at a cost estimatedfbetween $200,000 and • Aging and energy inefficient lighting and worn out electricao and electrical components that will cost abou $175,000. • Replacement or refurbishment of a substantiapl portion ofthe 18,000 • The replacement of temporary handrails throughout the seating bowl, which will cost aboutf $200,000. • And upgrades to the securityu and lifesafety systems.
In Bradley Center officials want to add a team a sit-down restaurant and a family interactive all of which would be important revenue-generator s for the facility. In fact, many NBA arenaxs have several of those including the Target Center in which is home to the NBA City The Bradley Center isthe second-oldest arena in the NBA that has not had a majo renovation. It was constructed in 1988 as a gift to the communityy from JaneBradley Pettit, an heiress to the Allen-Bradle Co. founders. The facilithy is the home to the Milwaukee Milwaukee Admirals, Marquette University Golden Eaglesd and the Milwaukee Iron arenwa football team.
The center also hostas special events andmusical performances.
الأربعاء، 31 أكتوبر 2012
Finland: plan for universal 100Mbps service by 2015 on track - Ars Technica (blog)
viningocouqyl1601.blogspot.com
Ars Technica (blog) | Finland: plan for universal 100Mbps service by 2015 on track Ars Technica (blog) Back in 2009, Finland announced what might be the world's most ambitious national broadband plan: a guaranteed minimum service level of 1Mbps for all homes and companies by 2010. That goal is then planned to be kicked up to 100Mbps, served via a .. . |
الثلاثاء، 30 أكتوبر 2012
CU offering digital media program - Pacific Business News (Honolulu):
viningocouqyl1601.blogspot.com
CU will operate the called BoulderDigital Works, in partnership with the parent compan of advertising giant , which moved many of its employees from Miamk to a new Boulder office in the past few The parent company is MDC Partners, a Toronto-based networkm of agencies. CU’s Divisionm of Continuing Education and Professional Studiexs will operatethe program, which will be open to medisa professionals, community members and CU students. The School of Journalism and Mass Communication, especiallyu the advertising faculty, will handle the academic management.
Advertising professorf David Slayden will serve asexecutive Sweden’s Hyper Island, a digital learning program in Europe, also will be a partnetr in the program, with student and faculty exchanges. The prograkm will start in the fall witha 60-week certificatse program in Digital Arts and Applications are due Aug. 15. Also, starting in late the school willoffer 36-hour immersion Executive Programs in digitakl fluency for working professionals. For more information, visigt http://bdw.colorado.edu.
CU will operate the called BoulderDigital Works, in partnership with the parent compan of advertising giant , which moved many of its employees from Miamk to a new Boulder office in the past few The parent company is MDC Partners, a Toronto-based networkm of agencies. CU’s Divisionm of Continuing Education and Professional Studiexs will operatethe program, which will be open to medisa professionals, community members and CU students. The School of Journalism and Mass Communication, especiallyu the advertising faculty, will handle the academic management.
Advertising professorf David Slayden will serve asexecutive Sweden’s Hyper Island, a digital learning program in Europe, also will be a partnetr in the program, with student and faculty exchanges. The prograkm will start in the fall witha 60-week certificatse program in Digital Arts and Applications are due Aug. 15. Also, starting in late the school willoffer 36-hour immersion Executive Programs in digitakl fluency for working professionals. For more information, visigt http://bdw.colorado.edu.
الاثنين، 29 أكتوبر 2012
1st Native American saint stirs pride, skepticism - Huffington Post
dyakonostrlin.blogspot.com
1st Native American saint stirs pride, skepticism Huffington Post ALBANY, N.Y. â€" Some traditional Mohawks are treating the naming of the nation's first Native American saint with skepticism and fear that the Roman Catholic Church is using it to shore up its image and marginalize traditional spiritual practices. They ... |
السبت، 27 أكتوبر 2012
الجمعة، 26 أكتوبر 2012
Detours in effect next week due to Hwy. 50 widening - Sacramento Business Journal:
tarpleypymibujuh1491.blogspot.com
Highway 50 is being widened toaccommodate high-occupancy vehicl lanes. The road closure is necessaru to allow for constructiobn of a new highway bridge overLatrobew Road. Motorists traveling south on El Dorado Hille Boulevard will be detoured onto the westbounr50 onramp, and then to the East Bidwell Street the eastbound 50 onramp, and the Latrob Road offramp where traffic can continue soutu on Latrobe. Northbound Latrobe Road trafficx will be detoured onto the eastboundd50 onramp, the Bass Lake Road and then onto the westbound 50 onramp and the El Doradol Hills Boulevard offramp where traffic can proceeds northbound on El Dorado Hill Boulevard. Signs will mark the detout routes.
Commercial vehicles are prohibited from using the portion of WhiteRock Road/Silvaz Valley Parkway between Latrobe Road and Serranl Parkway because of a temporary reductioj in vertical clearance. That stretch of road will remain opento non-commerciaol vehicles. For more information, visit .
Highway 50 is being widened toaccommodate high-occupancy vehicl lanes. The road closure is necessaru to allow for constructiobn of a new highway bridge overLatrobew Road. Motorists traveling south on El Dorado Hille Boulevard will be detoured onto the westbounr50 onramp, and then to the East Bidwell Street the eastbound 50 onramp, and the Latrob Road offramp where traffic can continue soutu on Latrobe. Northbound Latrobe Road trafficx will be detoured onto the eastboundd50 onramp, the Bass Lake Road and then onto the westbound 50 onramp and the El Doradol Hills Boulevard offramp where traffic can proceeds northbound on El Dorado Hill Boulevard. Signs will mark the detout routes.
Commercial vehicles are prohibited from using the portion of WhiteRock Road/Silvaz Valley Parkway between Latrobe Road and Serranl Parkway because of a temporary reductioj in vertical clearance. That stretch of road will remain opento non-commerciaol vehicles. For more information, visit .
الخميس، 25 أكتوبر 2012
Boeing to acquire eXMeritus - Business Courier of Cincinnati:
azajir.wordpress.com
which sells secure hardware and software to the governmenr and lawenforcement organizations, for an undisclosed sum. Executives at Boeing (NYSE: BA) say the purchase will help extend its ability to servee the federal cyber security andintelligence markets. “The addition of eXMeritus to our team is a stronb enhancement to the Boeing capabilities developed througn years of experience on secure networks for some of the most complec systems in nationalsecurity today,” said Boeing Integratec Defense Systems President and CEO Jim Albaugh. Fairfax-bases eXMeritus is the fourth company that Boeing will add toits security- and intelligence-related lines of business since 2008.
Last year Boeint acquired Germantown, Md.-based Digital Receiver Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewer than 30 employeexsto Boeing’s Integrated Defense Systems’ Network and Space Systems unit. The company’s products are certified and accredited bythe U.S. governmenf to operate on the government’s trusterd systems. Boeing said the expected to close by the endof won’t affect Boeing’s financial Boeing’s Integrated Defense Systems unit, headquarterexd in St. Louis, is a $32 billioh business with 70,000 employees worldwide.
which sells secure hardware and software to the governmenr and lawenforcement organizations, for an undisclosed sum. Executives at Boeing (NYSE: BA) say the purchase will help extend its ability to servee the federal cyber security andintelligence markets. “The addition of eXMeritus to our team is a stronb enhancement to the Boeing capabilities developed througn years of experience on secure networks for some of the most complec systems in nationalsecurity today,” said Boeing Integratec Defense Systems President and CEO Jim Albaugh. Fairfax-bases eXMeritus is the fourth company that Boeing will add toits security- and intelligence-related lines of business since 2008.
Last year Boeint acquired Germantown, Md.-based Digital Receiver Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewer than 30 employeexsto Boeing’s Integrated Defense Systems’ Network and Space Systems unit. The company’s products are certified and accredited bythe U.S. governmenf to operate on the government’s trusterd systems. Boeing said the expected to close by the endof won’t affect Boeing’s financial Boeing’s Integrated Defense Systems unit, headquarterexd in St. Louis, is a $32 billioh business with 70,000 employees worldwide.
الثلاثاء، 23 أكتوبر 2012
City tweets to curb tourist drop-off - Business Courier of Cincinnati:
hyperwave-exhausted.blogspot.com
Hotel consultant Drew Dimond expects hotela in Greater Nashville to see occupancy plummeyt 15 percent to 20 percentg fromlast year’s But the is battling the decline, in hopea of keeping any occupancy drop-ofvf below 5 percent. Bureau staff is Twittering, Facebookingv and sending out e-blasts to announc free stuff to do, last-minute travel CMA Music Festival updates andattractions specials. “We certainlh don’t think it’s goint to be some great saysButch Spyridon, president of the visitors “If we were flat to last I’d be ecstatic. I expect that we will be down slightly.
” Spyridonb hopes the value of Nashville will draw visitor because ofthe city’s wealth of live, around-the-clock music. has brough back its free music poolside and isofferint “kids eat free” inside the hotel for the first time this “At every touchpoint, we’re creating events, promoting and marketing and addinvg extra value with events,” Spyridom says, such as offering flight-hotel packages when touted $49 flightsz to Nashville during a one-day sale in April.
The Nashvillw Symphony has half-price tickets for select shows, the Country Music Hall of Fame has been givingout $5 off coupons througnh June 7, and Gaylord is offering four-night hotel and attractions packages at 40 percenft off. Keith Wright, president of the , says attractionz are sweetening discounts this summer and focusinf onthe drive-in market. “Regional tourism has become extremely importantto us, and we are marketintg more to that audience,” he Nashville’s biggest months for tourism are June and mainly because of the CMA Music Festival that pumps $25 million into the city everg June.
Officials at the woulfd not say how ticket salexs are going forthis summer’sw festival, which kicks off next October is a popular convention month becaus of the fall weather. Nashville tourism has been hit inrecenyt months. In April, the average nightly hotel ratedropped 6.3 percent to $92.85 from $99.05 in the same mont h last year, according to Smith Travel Research in Hotel occupancy plunged 15 perceng in April to 56.9 percent, down from 67 percent a year ago. Revenuee per available room, a key metric for was down 20.5 percent in The amount of attendees for bookerd conventions this summer is down about 24 percenf fromlast year.
Nashville’s hospitality industry, however, is outperforminb much of the rest of the For the first quarterof Nashville’s average daily rate dropped 4.5 percent. Only five citiesd did better, and 19 of the top 25 marketxsdid worse. The decline in hoteol tax collections is greater than the dropin occupancy, whicjh shows tourists are comingy but choosing less expensive hotels, says Walt Baker, executivse director of the . Nashville’s hotep occupancy dropped 11.6 percent in the firsrt quarter compared to theyear before, a drop that registeredx eighth best among the top 25. Travelp has continued to descend atthe , nearing 2005 levels, says airpor spokeswoman Emily Richards.
Passengefr counts were down 9.5 percent in April as comparefd to theyear before, and down 9.3 percent in the first four months of the
Hotel consultant Drew Dimond expects hotela in Greater Nashville to see occupancy plummeyt 15 percent to 20 percentg fromlast year’s But the is battling the decline, in hopea of keeping any occupancy drop-ofvf below 5 percent. Bureau staff is Twittering, Facebookingv and sending out e-blasts to announc free stuff to do, last-minute travel CMA Music Festival updates andattractions specials. “We certainlh don’t think it’s goint to be some great saysButch Spyridon, president of the visitors “If we were flat to last I’d be ecstatic. I expect that we will be down slightly.
” Spyridonb hopes the value of Nashville will draw visitor because ofthe city’s wealth of live, around-the-clock music. has brough back its free music poolside and isofferint “kids eat free” inside the hotel for the first time this “At every touchpoint, we’re creating events, promoting and marketing and addinvg extra value with events,” Spyridom says, such as offering flight-hotel packages when touted $49 flightsz to Nashville during a one-day sale in April.
The Nashvillw Symphony has half-price tickets for select shows, the Country Music Hall of Fame has been givingout $5 off coupons througnh June 7, and Gaylord is offering four-night hotel and attractions packages at 40 percenft off. Keith Wright, president of the , says attractionz are sweetening discounts this summer and focusinf onthe drive-in market. “Regional tourism has become extremely importantto us, and we are marketintg more to that audience,” he Nashville’s biggest months for tourism are June and mainly because of the CMA Music Festival that pumps $25 million into the city everg June.
Officials at the woulfd not say how ticket salexs are going forthis summer’sw festival, which kicks off next October is a popular convention month becaus of the fall weather. Nashville tourism has been hit inrecenyt months. In April, the average nightly hotel ratedropped 6.3 percent to $92.85 from $99.05 in the same mont h last year, according to Smith Travel Research in Hotel occupancy plunged 15 perceng in April to 56.9 percent, down from 67 percent a year ago. Revenuee per available room, a key metric for was down 20.5 percent in The amount of attendees for bookerd conventions this summer is down about 24 percenf fromlast year.
Nashville’s hospitality industry, however, is outperforminb much of the rest of the For the first quarterof Nashville’s average daily rate dropped 4.5 percent. Only five citiesd did better, and 19 of the top 25 marketxsdid worse. The decline in hoteol tax collections is greater than the dropin occupancy, whicjh shows tourists are comingy but choosing less expensive hotels, says Walt Baker, executivse director of the . Nashville’s hotep occupancy dropped 11.6 percent in the firsrt quarter compared to theyear before, a drop that registeredx eighth best among the top 25. Travelp has continued to descend atthe , nearing 2005 levels, says airpor spokeswoman Emily Richards.
Passengefr counts were down 9.5 percent in April as comparefd to theyear before, and down 9.3 percent in the first four months of the
الاثنين، 22 أكتوبر 2012
السبت، 20 أكتوبر 2012
Gehl secures new 2-year credit pact - Charlotte Business Journal:
zvonkovaleoqim.blogspot.com
The agreement with U.S. bank lenders provides for a tota l credit commitmentof $105 million and a term of 24 The credit line consists of an $80 millionj revolving line based on Nortj American inventories and accounts receivable and a term loan of $25 millionh payable in quarterly installments. The credit pact replaces the company's October 2006 $125 millionn unsecured credit facility. As part of the amendede credit agreement, Gehl Co. has granted to its bank lenders a securityh interest in all of its NortuhAmerican assets.
The amended creditt agreement addresses matters that gave rise to an Aprikl 16 forbearance agreement with the lender group that rescindss and withdraws a notice of debt repayment delivered onMarch 31. That agreemenyt with lenders extended the repaymentof $117 million in debt under a revolving credit agreement, whicnh serves as the company's principal source of liquidity. Gehl said it has significantlhy reduced its outstanding borrowings using operating cash flowws created in part by the cost savingw initiatives implemented over thepast months.
The agreement with U.S. bank lenders provides for a tota l credit commitmentof $105 million and a term of 24 The credit line consists of an $80 millionj revolving line based on Nortj American inventories and accounts receivable and a term loan of $25 millionh payable in quarterly installments. The credit pact replaces the company's October 2006 $125 millionn unsecured credit facility. As part of the amendede credit agreement, Gehl Co. has granted to its bank lenders a securityh interest in all of its NortuhAmerican assets.
The amended creditt agreement addresses matters that gave rise to an Aprikl 16 forbearance agreement with the lender group that rescindss and withdraws a notice of debt repayment delivered onMarch 31. That agreemenyt with lenders extended the repaymentof $117 million in debt under a revolving credit agreement, whicnh serves as the company's principal source of liquidity. Gehl said it has significantlhy reduced its outstanding borrowings using operating cash flowws created in part by the cost savingw initiatives implemented over thepast months.
الجمعة، 19 أكتوبر 2012
YRC Worldwide advances plan to defer pension fund payments - Kansas City Business Journal:
ekaterinaiuvo.blogspot.com
The amended credit agreement, signed keeps YRC’s $950 million senior revolving credit facility anda $111. million senior term loan in YRC (Nasdaq: YRCW) said in a Mondayg filing with the Securities andExchange Commission. Partiees include YRC and some subsidiariesx and lenders thatinclude . YRC remains in talks with independengt trustees for the pension funds andthe . YRC’z stock closed on Mondayu at $3.53, down 59 cents, or 14 on volume of 1.86 million according to . The stock’s average daily volume the past threr monthsis 2.35 milliohn shares.
According to the amended agreement, YRC can delay paymen of certain multiemployer benefit fund contributions to no soonerthan Jan. 1 and grantr first-priority liens on some company-owned real estate to secures the payments. YRC , the Internationalo Brotherhoodof Teamsters, for permissiojn for such an arrangement. The company’s monthly pensiomn fund payments rangefrom $34 millionb to $45 million. The amendment doesn’t alloe YRC to voluntarily make any deferree paymentbefore Aug. 15, unless a payment come from cash received for real estate that was securingvthe payments.
YRC will keep a smaller portiobn of cash froma sale-leasebacko deal and be allowed to sell fewetr assets, each decreased by amounts proportionate to the net book value of the collateral but not to exceed $50 YRC also can enter debt-for-equit y swaps and pay some debt with cash from issuinf equity. Overland Park-based YRC rankzs No. 2 on the Kansas City Business Journal ’s list of area public companies.
The amended credit agreement, signed keeps YRC’s $950 million senior revolving credit facility anda $111. million senior term loan in YRC (Nasdaq: YRCW) said in a Mondayg filing with the Securities andExchange Commission. Partiees include YRC and some subsidiariesx and lenders thatinclude . YRC remains in talks with independengt trustees for the pension funds andthe . YRC’z stock closed on Mondayu at $3.53, down 59 cents, or 14 on volume of 1.86 million according to . The stock’s average daily volume the past threr monthsis 2.35 milliohn shares.
According to the amended agreement, YRC can delay paymen of certain multiemployer benefit fund contributions to no soonerthan Jan. 1 and grantr first-priority liens on some company-owned real estate to secures the payments. YRC , the Internationalo Brotherhoodof Teamsters, for permissiojn for such an arrangement. The company’s monthly pensiomn fund payments rangefrom $34 millionb to $45 million. The amendment doesn’t alloe YRC to voluntarily make any deferree paymentbefore Aug. 15, unless a payment come from cash received for real estate that was securingvthe payments.
YRC will keep a smaller portiobn of cash froma sale-leasebacko deal and be allowed to sell fewetr assets, each decreased by amounts proportionate to the net book value of the collateral but not to exceed $50 YRC also can enter debt-for-equit y swaps and pay some debt with cash from issuinf equity. Overland Park-based YRC rankzs No. 2 on the Kansas City Business Journal ’s list of area public companies.
الخميس، 18 أكتوبر 2012
AAA: Tennessee gas averaging $2.34 per gallon - Memphis Business Journal:
aleshnikovenil.blogspot.com
The retail price of a gallohn of gas rose 4 cents in the past weekin Tennessee. AAA Soutgh puts the Tennessee average gallon of gasat $2.33o now. That’s more than the $2.292 motorists paid a week ago and well abovthe $1.910 they paid on average last However, it is much lower than the $3.832 gas customerse paid this time last Florida and Georgia prices rose by 6 cents in the past "The current retail price trend has been pushexd by refinery reductions, crude and wholesale priced increases, but not by consumer demand,” Gregg Laskoski, managing director of public relations for AAA South, said in a “On May 1, the nationap average price of gasoline was 45 cents per gallomn less than it is today.
Even the most bullisyh of analysts would have to expecr the rateof (retail gasoline) price increases to slow down in cominvg weeks since all rallies come to an A barrel of crude oil closed $4.64 higher this week over last week at Crude would need to trade at aboutt $100 per barrel for gas prices to hit $3. But that is well abover this year’s highest projections of $70-$75 per barrel, according to Tom publisher and chief oil analystat . , a traded publication for the oil industrty reporting on retail andwholesale prices, said this week “history is on the side of a pricd decline.
”
The retail price of a gallohn of gas rose 4 cents in the past weekin Tennessee. AAA Soutgh puts the Tennessee average gallon of gasat $2.33o now. That’s more than the $2.292 motorists paid a week ago and well abovthe $1.910 they paid on average last However, it is much lower than the $3.832 gas customerse paid this time last Florida and Georgia prices rose by 6 cents in the past "The current retail price trend has been pushexd by refinery reductions, crude and wholesale priced increases, but not by consumer demand,” Gregg Laskoski, managing director of public relations for AAA South, said in a “On May 1, the nationap average price of gasoline was 45 cents per gallomn less than it is today.
Even the most bullisyh of analysts would have to expecr the rateof (retail gasoline) price increases to slow down in cominvg weeks since all rallies come to an A barrel of crude oil closed $4.64 higher this week over last week at Crude would need to trade at aboutt $100 per barrel for gas prices to hit $3. But that is well abover this year’s highest projections of $70-$75 per barrel, according to Tom publisher and chief oil analystat . , a traded publication for the oil industrty reporting on retail andwholesale prices, said this week “history is on the side of a pricd decline.
”
الثلاثاء، 16 أكتوبر 2012
Third Bledisloe Cup match to be available online to selected territories - ARU Rugby
eragywaqer.wordpress.com
Third Bledisloe Cup match to be available online to selected territories ARU Rugby SANZAR would like to remind all that their online viewing service, available towards the tail-end of 2012 Super Rugby and throughout The Rugby Championship, will be offering coverage in most of the same territories for the third Bledisloe Cup match. |
الاثنين، 15 أكتوبر 2012
Mortgage Bankers Association: Mortgage applications fall as rates rise - Triangle Business Journal:
takes-trendsthe.blogspot.com
percent last week from the previoua week, according to the ’s weeklyy mortgage applications surveyreleased Wednesday. The market compositse index, a measure of mortgage loan applicatioh volume, was 786, a decrease of 14.2 percent on a seasonall adjusted basisfrom 915.9 one week The purchase index, however, was up 1 percent for the on a seasonally adjusted basis. The four week movingt average for the seasonally adjusted market Index isdown 4.7 The four week moving average is up 0.5 percent for the purchasde index, while this average is down 6.2 percent for the refinancwe index. The refinance share of mortgagr activity decreasedto 69.3 percent of totalo applications from 73.
6 percent the previous week. The adjustable-ratwe mortgage (ARM) share of activity increased to 2.6 percenft from 2.4 percent of total applicationzs from theprevious week. The averags contract interest ratefor 30-year fixed-rates mortgages increased to 4.81 perceng from 4.69 percent, with points increasinhg to 1.28 from 1.13 (including the originatiob fee) for 80 percent loan-to-value (LTV) rati loans. The average contracrt interest ratefor 15-year fixed-rate mortgages remainef unchanged at 4.44 percent, with points increasing to 1.16 from 1.01 (includingh the origination fee) for 80 percent LTV The average contract interest rate for one-year ARMs increased to 6.55 percent from 6.
38 percent, with points increasing to 0.12 from 0.10 (includin g the origination fee) for 80 percenrt LTV loans.
percent last week from the previoua week, according to the ’s weeklyy mortgage applications surveyreleased Wednesday. The market compositse index, a measure of mortgage loan applicatioh volume, was 786, a decrease of 14.2 percent on a seasonall adjusted basisfrom 915.9 one week The purchase index, however, was up 1 percent for the on a seasonally adjusted basis. The four week movingt average for the seasonally adjusted market Index isdown 4.7 The four week moving average is up 0.5 percent for the purchasde index, while this average is down 6.2 percent for the refinancwe index. The refinance share of mortgagr activity decreasedto 69.3 percent of totalo applications from 73.
6 percent the previous week. The adjustable-ratwe mortgage (ARM) share of activity increased to 2.6 percenft from 2.4 percent of total applicationzs from theprevious week. The averags contract interest ratefor 30-year fixed-rates mortgages increased to 4.81 perceng from 4.69 percent, with points increasinhg to 1.28 from 1.13 (including the originatiob fee) for 80 percent loan-to-value (LTV) rati loans. The average contracrt interest ratefor 15-year fixed-rate mortgages remainef unchanged at 4.44 percent, with points increasing to 1.16 from 1.01 (includingh the origination fee) for 80 percent LTV The average contract interest rate for one-year ARMs increased to 6.55 percent from 6.
38 percent, with points increasing to 0.12 from 0.10 (includin g the origination fee) for 80 percenrt LTV loans.
السبت، 13 أكتوبر 2012
Inside insurance: Maintenance prevents home water problems - Savannah Morning News
ejyceh.wordpress.com
Inside insurance: Maintenance prevents home water problems Savannah Morning News We are now in “Kitchen and Bath Month.†That may sound like a promotion to remodel, but it's actually an opportunity to share important information with the public, encouraging property owners to take time to inspect their interior plumbing to identify ... |
الجمعة، 12 أكتوبر 2012
Money-losing Ilikai hotel to close - Portland Business Journal:
lehoquvuhu.wordpress.com
The hotel and condominium complex’s New York-based commercial lender , said Tuesday that the hotel has been losing money for months and that thered is no sign ofa “Unfortunately, alternatives to reduce the operating losses at the hotel have not to date been achieved, thus leading to the decisioh to close the hotel,” said the statement by Andrew G. Backman, iStar Financial senior vice At least 75 workers representeed by UNITE HERELocal 5, the hotel and restaurant union, will lose thier jobs. The closurse was not unexpected.
The lender boughtt the Ilikai at a foreclosure auction in April aftert developer Brian Anderson defaulted on the loan he took out in 2006 to buy the buildin g and 203residential units. But iStar soon made clear it didn’g want to be in the hotel businesws when it refused to put up the moneyt for continuingthe operation. It said in a January letter toJoseph Toy, then the property's receiver, that it had no intentiob of funding hotel operations. Toy is president and CEO of . The closurew of the hotel doesn’t affect 806 of the 1,00i units within the Ilikai, which are privately owne d condominiums ortime shares.
iStare said the common areas and pool will remain Hotel occupancy was low and withits first-floor restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is looking for a buyerd for the propertybut it’s a difficult sell at a time when most sourcesa of commercial financing are dry. The iStad statement left open the possibilitg the hotel wouldbe reopened.
"The company has exploree all available options to avoid the shutdown of the hotel operations and recognizez the impact such a decision will have on the condominium ownersand residents, hotel employeexs and guests," the iStar statement said. "The company continues to evaluate possible uses for the propert y that will addresscommunity needs." iStad said guests would be moved to otherf hotels for the duration of their stays.
In April, iStae successfully bid $51 millionh for the Ilikai’s 203 residential units and 16commerciaol units, which include the front desk, officed and retail space, restaurants and Rumors of the Ilikai’s closure had been circulating for some especially over the past few weeks. When the Ilikaij opened in February 1964with 1,050 guest rooms and condominiujm apartments, it was considered the first luxury high-risse hotel in Hawaii. It was also one of the firsy buildings to feature a mix of traditional hotel rooms and condominiums owned by permanen residents ofthe building. Many of the condominiumj owners are elderly and some have lived in the buildinh sincethe 1960s.
Anderson's attempt to renovate the Ilikai'e common areas was complicateds by repeated clashes with the residents who dominaterdthe building's condominium association and challenged some of his The hotel gained an international reputatioj as the location of the famouws opening shot of “Hawaii Five-O,” where Jack Lord standas on the penthouse balcony of the
The hotel and condominium complex’s New York-based commercial lender , said Tuesday that the hotel has been losing money for months and that thered is no sign ofa “Unfortunately, alternatives to reduce the operating losses at the hotel have not to date been achieved, thus leading to the decisioh to close the hotel,” said the statement by Andrew G. Backman, iStar Financial senior vice At least 75 workers representeed by UNITE HERELocal 5, the hotel and restaurant union, will lose thier jobs. The closurse was not unexpected.
The lender boughtt the Ilikai at a foreclosure auction in April aftert developer Brian Anderson defaulted on the loan he took out in 2006 to buy the buildin g and 203residential units. But iStar soon made clear it didn’g want to be in the hotel businesws when it refused to put up the moneyt for continuingthe operation. It said in a January letter toJoseph Toy, then the property's receiver, that it had no intentiob of funding hotel operations. Toy is president and CEO of . The closurew of the hotel doesn’t affect 806 of the 1,00i units within the Ilikai, which are privately owne d condominiums ortime shares.
iStare said the common areas and pool will remain Hotel occupancy was low and withits first-floor restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is looking for a buyerd for the propertybut it’s a difficult sell at a time when most sourcesa of commercial financing are dry. The iStad statement left open the possibilitg the hotel wouldbe reopened.
"The company has exploree all available options to avoid the shutdown of the hotel operations and recognizez the impact such a decision will have on the condominium ownersand residents, hotel employeexs and guests," the iStar statement said. "The company continues to evaluate possible uses for the propert y that will addresscommunity needs." iStad said guests would be moved to otherf hotels for the duration of their stays.
In April, iStae successfully bid $51 millionh for the Ilikai’s 203 residential units and 16commerciaol units, which include the front desk, officed and retail space, restaurants and Rumors of the Ilikai’s closure had been circulating for some especially over the past few weeks. When the Ilikaij opened in February 1964with 1,050 guest rooms and condominiujm apartments, it was considered the first luxury high-risse hotel in Hawaii. It was also one of the firsy buildings to feature a mix of traditional hotel rooms and condominiums owned by permanen residents ofthe building. Many of the condominiumj owners are elderly and some have lived in the buildinh sincethe 1960s.
Anderson's attempt to renovate the Ilikai'e common areas was complicateds by repeated clashes with the residents who dominaterdthe building's condominium association and challenged some of his The hotel gained an international reputatioj as the location of the famouws opening shot of “Hawaii Five-O,” where Jack Lord standas on the penthouse balcony of the
الخميس، 11 أكتوبر 2012
Larry Page Executive Profile
goldenayreyg1666.blogspot.com
The son of Michigan State University computere scienceprofessor Dr. Carl Victor Page, Larry's love of computersw began at age six. While followinfg in his father's footsteps in academics, he became an honorse graduate from the University of where he earneda bachelor'w degree in engineering, with a concentrationm on computer engineering. During his time in Ann Larry built an inkjet printee outof Lego
The son of Michigan State University computere scienceprofessor Dr. Carl Victor Page, Larry's love of computersw began at age six. While followinfg in his father's footsteps in academics, he became an honorse graduate from the University of where he earneda bachelor'w degree in engineering, with a concentrationm on computer engineering. During his time in Ann Larry built an inkjet printee outof Lego
الثلاثاء، 9 أكتوبر 2012
Regions Bank gets control of Treasure Island Tennis & Yacht Club - Dallas Business Journal:
iqukikofor.wordpress.com
Judge Caryl E. Delano of the ’sd Middle District of Florida, approved a plan Wednesdat that would turn over the Treasure Island Causeway clubto . Keys are expectesd to be turned over by the end of the day The changing of hands was part of a revisedx reorganization plan filed in March by theTennisz & Yacht Club following its Chapter 11 bankruptcy. “The court’sw ruling today provides a mechanisn for a distinct bank subsidiary to take total ownership of all club assets in a mannert thatis faster, less expensive and leastr intrusive to the operation” of the club, said John Anthonty of , who represented Regions Bank in the in a statement.
The takeover will allow Regions Bank to market the 17 waterfront acres topotential buyers, Anthonhy said. When the Tennis & Yacht Club filedr for bankruptcy, it reporte d assets and liabilitiesbetweejn $1 million and $10 The club’s largest unsecured creditor last October was of Palmetto for $13,502. However, the club owed Regionsx Bank as muchas $9.5 million, which ownedc the mortgage on the property. The club issued taxablwe variable rate demand bondsfor $6 million through Regions Bank in Septembert 2005 to help finance construction on a new which was completed in early 2008. The club issuecd a second bond in March 2006for $1 million and a third in April 2007 for $1.8 million.
Regionsd Bank provided letters of credit for according tocourt documents. The Tennis & Yachtg Club paid its principal on the debt in October but its efforts to have Regions Bank restructure the loan were forcing the club into Employees at the club are expected to remain on the payroll duringthe transition, and schedulee activities — including this weekend’sa Fourth of July event — will continue as planned, Anthony said.
The Tennis & Yachg Club was founded in 1986 and as of its bankruptc filing had450 members, according to court
Judge Caryl E. Delano of the ’sd Middle District of Florida, approved a plan Wednesdat that would turn over the Treasure Island Causeway clubto . Keys are expectesd to be turned over by the end of the day The changing of hands was part of a revisedx reorganization plan filed in March by theTennisz & Yacht Club following its Chapter 11 bankruptcy. “The court’sw ruling today provides a mechanisn for a distinct bank subsidiary to take total ownership of all club assets in a mannert thatis faster, less expensive and leastr intrusive to the operation” of the club, said John Anthonty of , who represented Regions Bank in the in a statement.
The takeover will allow Regions Bank to market the 17 waterfront acres topotential buyers, Anthonhy said. When the Tennis & Yacht Club filedr for bankruptcy, it reporte d assets and liabilitiesbetweejn $1 million and $10 The club’s largest unsecured creditor last October was of Palmetto for $13,502. However, the club owed Regionsx Bank as muchas $9.5 million, which ownedc the mortgage on the property. The club issued taxablwe variable rate demand bondsfor $6 million through Regions Bank in Septembert 2005 to help finance construction on a new which was completed in early 2008. The club issuecd a second bond in March 2006for $1 million and a third in April 2007 for $1.8 million.
Regionsd Bank provided letters of credit for according tocourt documents. The Tennis & Yachtg Club paid its principal on the debt in October but its efforts to have Regions Bank restructure the loan were forcing the club into Employees at the club are expected to remain on the payroll duringthe transition, and schedulee activities — including this weekend’sa Fourth of July event — will continue as planned, Anthony said.
The Tennis & Yachg Club was founded in 1986 and as of its bankruptc filing had450 members, according to court
الاثنين، 8 أكتوبر 2012
MillerCoors opens $21.8M Chicago headquarters - St. Louis Business Journal:
iqukikofor.wordpress.com
million. The new headquarters, at 250 S. Wacker for the joint venture thatcombinesw Milwaukee's and Colorado's will bring 325 jobs to according to a Daley press “The decision of MillerCoors to locate its headquarterss here strengthens our reputation as an important globalk center from which to conduct business and confirmsa that Chicago is seen as a desirables place to live, work and raise a family,” Daleh said at a news conference held at the company’s MillerCoors was created in June 2008 and plc of London and of Denver combined the U.S. and Puerto Rico operationds of their respective Millerand Coors, into the joint venture.
The brewer announcedf in July 2008 that it would locate the headquarterx in the neutral city of Chicaglo in fairness to the citiexs of Milwaukeeand Golden, Colo. The headquarterzs will include the majority of MillerCoorswsenior executives, as well as marketing, humanj resources, legal, finance, information technology and communicationes divisions. MillerCoors’ total projects costs are currently estimated tobe $21.8 million and include substantialk tenant build-out as well as improvements to a riverr walk just west of the building.
The city of Chicagp agreed to provide $6 million in tax incremental financiny funds for redevelopment of the In addition, the state of Illinois pledged an economifc package of roughly $18 million to lure MillerCoorw to Chicago over Dallas. MillerCoorsa has applied for silver levek certification under the Leadershipo in Energy and EnvironmentalDesign (LEED) Greejn Building Rating System of the U.S. Green Buildinb Council.
million. The new headquarters, at 250 S. Wacker for the joint venture thatcombinesw Milwaukee's and Colorado's will bring 325 jobs to according to a Daley press “The decision of MillerCoors to locate its headquarterss here strengthens our reputation as an important globalk center from which to conduct business and confirmsa that Chicago is seen as a desirables place to live, work and raise a family,” Daleh said at a news conference held at the company’s MillerCoors was created in June 2008 and plc of London and of Denver combined the U.S. and Puerto Rico operationds of their respective Millerand Coors, into the joint venture.
The brewer announcedf in July 2008 that it would locate the headquarterx in the neutral city of Chicaglo in fairness to the citiexs of Milwaukeeand Golden, Colo. The headquarterzs will include the majority of MillerCoorswsenior executives, as well as marketing, humanj resources, legal, finance, information technology and communicationes divisions. MillerCoors’ total projects costs are currently estimated tobe $21.8 million and include substantialk tenant build-out as well as improvements to a riverr walk just west of the building.
The city of Chicagp agreed to provide $6 million in tax incremental financiny funds for redevelopment of the In addition, the state of Illinois pledged an economifc package of roughly $18 million to lure MillerCoorw to Chicago over Dallas. MillerCoorsa has applied for silver levek certification under the Leadershipo in Energy and EnvironmentalDesign (LEED) Greejn Building Rating System of the U.S. Green Buildinb Council.
الأحد، 7 أكتوبر 2012
City Council approves MLS plan - Portland Business Journal:
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The move effectively decouplesthe $37 million PGE Park project from a proposef new $48 million baseballp park for Paulson’s minor-league Portland Beavers. Both the Beaverw and Paulson’s minor-league soccer franchise the sharedPGE Park. But because MLS requires soccer-specifi stadiums for its franchises, Paulson is pursuinf separate stadium projects for both But efforts to find a location for the baseballk parkhave stalled, leading to concernws that Paulson could miss his 1 deadline to secure a financinf plan for PGE Park. The MLS team would starrt playin 2011. Earlier attempts to placwe the stadium at the RoseQuartef failed.
Then late last week, Paulsonb announced he was pulling a requestr to locate the stadium in the Southeasrt Portland neighborhood of Lents after public support appearefd to turn againstthe plan. Paulsojn said he was committed to keepinb theBeavers “in Portland or the Portland evoking the specter that the club could leave the city limits. That led to a verbal rebukde from Commissioner RandyLeonard — a one-time ardentt supporter of the MLS plan — who threatened to withdraw his support for the PGE Park plan unlesss Paulson reconsidered.
But now the city appears to be looking into possiblsthird sites, and Leonard supported the resolution The bill passed 4-1, with Commissioner Amanda Fritz casting the lone opposition Paulson, in a statement, said he looks forwars to working with city officials on a financing deal for PGE Park.
The move effectively decouplesthe $37 million PGE Park project from a proposef new $48 million baseballp park for Paulson’s minor-league Portland Beavers. Both the Beaverw and Paulson’s minor-league soccer franchise the sharedPGE Park. But because MLS requires soccer-specifi stadiums for its franchises, Paulson is pursuinf separate stadium projects for both But efforts to find a location for the baseballk parkhave stalled, leading to concernws that Paulson could miss his 1 deadline to secure a financinf plan for PGE Park. The MLS team would starrt playin 2011. Earlier attempts to placwe the stadium at the RoseQuartef failed.
Then late last week, Paulsonb announced he was pulling a requestr to locate the stadium in the Southeasrt Portland neighborhood of Lents after public support appearefd to turn againstthe plan. Paulsojn said he was committed to keepinb theBeavers “in Portland or the Portland evoking the specter that the club could leave the city limits. That led to a verbal rebukde from Commissioner RandyLeonard — a one-time ardentt supporter of the MLS plan — who threatened to withdraw his support for the PGE Park plan unlesss Paulson reconsidered.
But now the city appears to be looking into possiblsthird sites, and Leonard supported the resolution The bill passed 4-1, with Commissioner Amanda Fritz casting the lone opposition Paulson, in a statement, said he looks forwars to working with city officials on a financing deal for PGE Park.
الجمعة، 5 أكتوبر 2012
Darden to open 10th Seasons 52 - Orlando Business Journal:
viningocouqyl1601.blogspot.com
making it the chain’s 10th location. The new locatiojn in the King of Prussia Mall is the secone eatery the chain will have openedf outsidethe Southeast, the first one being a restaurant that debutedr in March in Cherry Hill, N.J. The news also markxs the second new restauranr announcement chainowner (NYSE: DRI) made this year. The company announced plans in June to open its nint locationin Tampa, also in sprinfg 2010. Prior to that, Darden hadn’t opened a new Seasons 52 in more than two In its fiscal2009 fourth-quarter earnings conference call last Orlando-based Darden said it plans to open up to threer Seasons 52 restaurants in fiscal 2010.
The concept continue to deliver strong unit volumes in the fourtbh quarter despite thechallenging environment, the company said in the Seasons 52, which debuted in operates locations five existinb locations in Florida — including Orlando and Altamonte Springe — as well as eateries in Georgia and New
making it the chain’s 10th location. The new locatiojn in the King of Prussia Mall is the secone eatery the chain will have openedf outsidethe Southeast, the first one being a restaurant that debutedr in March in Cherry Hill, N.J. The news also markxs the second new restauranr announcement chainowner (NYSE: DRI) made this year. The company announced plans in June to open its nint locationin Tampa, also in sprinfg 2010. Prior to that, Darden hadn’t opened a new Seasons 52 in more than two In its fiscal2009 fourth-quarter earnings conference call last Orlando-based Darden said it plans to open up to threer Seasons 52 restaurants in fiscal 2010.
The concept continue to deliver strong unit volumes in the fourtbh quarter despite thechallenging environment, the company said in the Seasons 52, which debuted in operates locations five existinb locations in Florida — including Orlando and Altamonte Springe — as well as eateries in Georgia and New
الخميس، 4 أكتوبر 2012
iPhone 5 sleuth work points to $199 component costs - Reg Hardware
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iPhone 5 sleuth work points to $199 component costs Reg Hardware iPhone 5 sleuth work points to $199 component costs. Virtual deconstruction. By Tony Smith • Get more from this author · 19th September 2012 09:32 GMT · Want a new cell phone or contract? Amazon Wireless. Each iPhone 5 costs Apple $207 to make, it has ... |
الثلاثاء، 2 أكتوبر 2012
FDIC: Banks rebound to $7.6B profit - Dayton Business Journal:
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billion in profits in the first down 60.8 percent from the $19.34 billion the industry earned in the first quarter of 2008. However, the latest figures are an improvemenft over therecord $26.2 billion loss the sectore suffered in the fourth quarter. Higher loan-loss provisions, increased goodwill write-downs and reducefd income from securitization activities all contributed tothe year-over-yeae earnings decline.
Three out of five insured institutions reported lowefr net income in thefirstt quarter, and one in five was “The first-quarter results are telling us that the banking industruy still faces tremendous challenges, and that goin g forward, asset quality remains a major concern,” says FDIC Chairmanj Sheila Bair. “Banks are making good effortws to deal with thechallenges they’re but today’s report says that we’rs not out of the woods To that point, 21 FDIC-insuredx institutions failed during the first quarter the largest number since the fourthy quarter of 1992. Insured institutions set aside $60.
9 billion in provisionzs for loan losses in thefirst That’s up $23.7 billion, or 63.6 percent, from the first quartef of 2008. Expenses for goodwill impairment andotheer intangible-asset expenses totaled $7.2 billion, up from $2.8 billion a year Those negative factors outweighed the positiver effects of increased noninterest income (up $7.8 or 12.8 percent) and higher net interest income (up $4.4 or 4.7 percent). Insured institutions charged off $37.78 billion in bad loans in thefirsr quarter, almost twice the $19.
6 billion of a year Tier 1 capital reached a record high of almostg $70 billion, the largest quarterly increase ever reported by the However, much of the increase occurred at institutions that received capital from the U.S. Treasury Department’e Troubled Asset Relief Program. Total assets declined by $302 billion due to downsizinyg by a fewlarge banks. Two-thirds of all institutions reportedx asset growth inthe quarter, but reductions at eighft large banks caused the industry total to decline. Total loans and leases fell by $159.76 billion (2.1 percent), while assets in tradinfg accounts declinedby $144.5 billion (14.9 percent).
billion in profits in the first down 60.8 percent from the $19.34 billion the industry earned in the first quarter of 2008. However, the latest figures are an improvemenft over therecord $26.2 billion loss the sectore suffered in the fourth quarter. Higher loan-loss provisions, increased goodwill write-downs and reducefd income from securitization activities all contributed tothe year-over-yeae earnings decline.
Three out of five insured institutions reported lowefr net income in thefirstt quarter, and one in five was “The first-quarter results are telling us that the banking industruy still faces tremendous challenges, and that goin g forward, asset quality remains a major concern,” says FDIC Chairmanj Sheila Bair. “Banks are making good effortws to deal with thechallenges they’re but today’s report says that we’rs not out of the woods To that point, 21 FDIC-insuredx institutions failed during the first quarter the largest number since the fourthy quarter of 1992. Insured institutions set aside $60.
9 billion in provisionzs for loan losses in thefirst That’s up $23.7 billion, or 63.6 percent, from the first quartef of 2008. Expenses for goodwill impairment andotheer intangible-asset expenses totaled $7.2 billion, up from $2.8 billion a year Those negative factors outweighed the positiver effects of increased noninterest income (up $7.8 or 12.8 percent) and higher net interest income (up $4.4 or 4.7 percent). Insured institutions charged off $37.78 billion in bad loans in thefirsr quarter, almost twice the $19.
6 billion of a year Tier 1 capital reached a record high of almostg $70 billion, the largest quarterly increase ever reported by the However, much of the increase occurred at institutions that received capital from the U.S. Treasury Department’e Troubled Asset Relief Program. Total assets declined by $302 billion due to downsizinyg by a fewlarge banks. Two-thirds of all institutions reportedx asset growth inthe quarter, but reductions at eighft large banks caused the industry total to decline. Total loans and leases fell by $159.76 billion (2.1 percent), while assets in tradinfg accounts declinedby $144.5 billion (14.9 percent).
الاثنين، 1 أكتوبر 2012
A.M. Best affirms Northwestern Mutual's high ratings - Houston Business Journal:
xszeyluje.blogspot.com
A.M. Best affirmed its financial strength ratings ofof A++ and issuer credit ratings of “aaa” of Northwesterh Mutual Life Insurance Co. and its subsidiaruy The outlook for both ratingwsis stable, the Oldwick, ratings organization said The ratings reflect Northwestern Mutual’s sizable and mature individual life insurance conservative operating profile, strong operating performancr and superior risk-adjusted capitalization, A.M. Best Partially offsetting those positive rating factors was the recenf decline inNorthwestern Mutual’sd adjusted capital and surplus due mainlt to realized and unrealized investment A.M. Best said. A.M.
Best also note that Northwestern Mutual maintains an above average aggregate exposurs to privateplacement bonds, belos investment grade, or "junk," bonds, commercial mortgagee and equities. Despite NM increasingh the total number of financial representatives over the pastcouplde years, Northwestern Mutual may be challenged to continude to grow the number of sales professionals while maintaininb current levels of retention and productivity over the long term, A.M.
Best
A.M. Best affirmed its financial strength ratings ofof A++ and issuer credit ratings of “aaa” of Northwesterh Mutual Life Insurance Co. and its subsidiaruy The outlook for both ratingwsis stable, the Oldwick, ratings organization said The ratings reflect Northwestern Mutual’s sizable and mature individual life insurance conservative operating profile, strong operating performancr and superior risk-adjusted capitalization, A.M. Best Partially offsetting those positive rating factors was the recenf decline inNorthwestern Mutual’sd adjusted capital and surplus due mainlt to realized and unrealized investment A.M. Best said. A.M.
Best also note that Northwestern Mutual maintains an above average aggregate exposurs to privateplacement bonds, belos investment grade, or "junk," bonds, commercial mortgagee and equities. Despite NM increasingh the total number of financial representatives over the pastcouplde years, Northwestern Mutual may be challenged to continude to grow the number of sales professionals while maintaininb current levels of retention and productivity over the long term, A.M.
Best
الأحد، 30 سبتمبر 2012
Mergers: Districts ponder joining forces - Phoenix Business Journal:
azajir.wordpress.com
The Town of Tonawanda resident headedthe 17-membere board for seven years before steppin down in March. Yet he didn’t retire. He continues to serve as WesternNew York’s and he remains as outspokenm as ever about educational issues. One of his pet topics is the sheer number of localschoolo systems. There are too many of them, he and their enrollments are generallyttoo small. “Why do you need 28 schooll districts inErie County?” he asks. “I’xd like to see something like five districtes in the county insteadof 28. I’d even like to starft talking about a countywide school like they have in North Carolina and a fewother states.
” Bennett’s stane is buttressed by a report released last December by the Statde Commission on Property Tax Relief. “New York Statr has too many school districts,” the reportt says flatly. It suggests that districtsx with fewerthan 1,000 students should be required to merge with adjacent systems, and districts with enrollments between 1,000 and 2,000 shouldx be encouraged to follosw suit.
Such proposals hit home in Western New where 66 ofthe region’s 98 school districts have enrollments below including 38 with fewer than 1,000 studentds from kindergarten through 12th The heart of this issue is a mattee of benefits and costs -- pitting the perceived advantagesx of combining two or more districts against the potential loss of local control and self-identity. Advocates maintain that mergers allow consolidatedf districts to be more construct better schools and offer a widet range ofchallenging courses.
“It’sz not only a financial To me, it’s a matter of equity,” says “If you had a regional high maybe serving seven or eight ofthe (current) it would give kids the opportunity to work with each other -- and to have the best of the best.” But opponentzs contend that mergers bring more longer bus rides for students and diminution of local “In this community, the world revolvesd around this school,” says Thomas superintendent of the 478-pupil Sherman Centralk School District in Chautauqua County. “If the schooll went away, Sherman, N.Y.
, would lose a great deal of its School consolidation has beena volatile, emotiona l issue for a century. The state was crosshatchex by 10,565 districts in 1910, many of them centered on one-roomn schoolhouses. A push for greater efficiencyg reduced that numberto 6,400p by the outbreak of World War II, then swiftly down to 1,30p by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupilws per district, which falls 25 percent belosw the national average of 3,400, according to the State Commission on Property Tax Relief. The gap is even largedr in WesternNew York, whicy had 104 districts when Business First began ratin schools in 1992.
Mergers have since reduceed that number to 98schoop systems. They educate an average of 2,268 students, 33 percent beloww the U.S. norm. A comprehensive effortf to push regional enrollment up to the nationao average would require the eliminatio of 33 Western NewYork districts. That processd would be complicated, messy, rancorous -- and extremely There is no shortage of candidates for tobe sure. Business First easilg came up with 13hypothetical mergers, most of them based on standardzs proposed in last December’s report. Thes unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officials lack the powerr to force districts to Initiative must be take n at thelocal level, which happense infrequently. Only one prospective merger in Western New York has currently reached an advanced stageof negotiations. Brocton and Fredonis began consolidation talkslast year, eventually commissioning a feasibility study at the beginning of If they decide later this year that a merger makese sense, voters in both districts would be given their say in a “If it occurs, the two districts would be equap partners,” says Brocton’s superintendent, John Skahill. “Both boardsd of education wouldgo away, and a new board woulxd be elected to replace it.
A new district woulcd be created.” A second pair of Chautauquq County districts, Ripley and Westfield, conducted an advisory referendukmin February. Ripley voters supported a but those in Westfielxddid not, throwing negotiations into limbo. A thirrd set of talks was triggeredby Gov. Davifd Paterson’s proposed state budget last “It would have raised our taxes 22 saysMichael McArdle, superintendent of the Scio Centralp School District. “It drove us to look at our budget and the issues wewere facing.
” The budgetarg news from Albany subsequently took a turn for the but officials from Scio and nearby Wellsvillw continue to explore their options -- perhapsx a merger, more likely a collaboratioj on a smaller scale. “Everything is says McArdle. “We’re trying to find the best wayto go, the way to get the best educationakl opportunities for our students and to keep our tax rate The Wyoming Central School District facexd a similar problem in 1991. Enrollment was declining, especiall at the high school level. Elective coursees were sparsely attended. Only three students signed up for physicxsone year. Voters rejected mergersw with Pavilionor Warsaw.
“That left the districgt struggling to come up witha solution,” says the currenft superintendent, Sandra Duckworth. “So we started to look at Wyoming students now attend their locapl school througheighth grade, then shift to high school in any of four adjacenf districts: Alexander, Attica, Pavilion or Warsaw. Wyoming pays tuition for each a standard rate that is negotiatec with its neighbors everyfive years. Wyoming also belongs to a consortiun of six districts seeking ways to cut costss by sharing services suchas transportation, building maintenance, specia education and curriculum development.
Similar arrangements can be founcd elsewhere in WesternNew York, sometimezs involving several districts, sometimes a one-on-one setup such as Scio and Wellsvillee are discussing. These measures offeer the prospect of reducing expenses while retaininvglocal control. It’s a combination that appeals to superintendentsa who are well awarse that the mere suggestion of a mergetr can triggerintense “What the people of Sherman are tellinfg us is that they like the education their children are receiving,” says Schmidt.
“They’re ‘Please keep it the way it
The Town of Tonawanda resident headedthe 17-membere board for seven years before steppin down in March. Yet he didn’t retire. He continues to serve as WesternNew York’s and he remains as outspokenm as ever about educational issues. One of his pet topics is the sheer number of localschoolo systems. There are too many of them, he and their enrollments are generallyttoo small. “Why do you need 28 schooll districts inErie County?” he asks. “I’xd like to see something like five districtes in the county insteadof 28. I’d even like to starft talking about a countywide school like they have in North Carolina and a fewother states.
” Bennett’s stane is buttressed by a report released last December by the Statde Commission on Property Tax Relief. “New York Statr has too many school districts,” the reportt says flatly. It suggests that districtsx with fewerthan 1,000 students should be required to merge with adjacent systems, and districts with enrollments between 1,000 and 2,000 shouldx be encouraged to follosw suit.
Such proposals hit home in Western New where 66 ofthe region’s 98 school districts have enrollments below including 38 with fewer than 1,000 studentds from kindergarten through 12th The heart of this issue is a mattee of benefits and costs -- pitting the perceived advantagesx of combining two or more districts against the potential loss of local control and self-identity. Advocates maintain that mergers allow consolidatedf districts to be more construct better schools and offer a widet range ofchallenging courses.
“It’sz not only a financial To me, it’s a matter of equity,” says “If you had a regional high maybe serving seven or eight ofthe (current) it would give kids the opportunity to work with each other -- and to have the best of the best.” But opponentzs contend that mergers bring more longer bus rides for students and diminution of local “In this community, the world revolvesd around this school,” says Thomas superintendent of the 478-pupil Sherman Centralk School District in Chautauqua County. “If the schooll went away, Sherman, N.Y.
, would lose a great deal of its School consolidation has beena volatile, emotiona l issue for a century. The state was crosshatchex by 10,565 districts in 1910, many of them centered on one-roomn schoolhouses. A push for greater efficiencyg reduced that numberto 6,400p by the outbreak of World War II, then swiftly down to 1,30p by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupilws per district, which falls 25 percent belosw the national average of 3,400, according to the State Commission on Property Tax Relief. The gap is even largedr in WesternNew York, whicy had 104 districts when Business First began ratin schools in 1992.
Mergers have since reduceed that number to 98schoop systems. They educate an average of 2,268 students, 33 percent beloww the U.S. norm. A comprehensive effortf to push regional enrollment up to the nationao average would require the eliminatio of 33 Western NewYork districts. That processd would be complicated, messy, rancorous -- and extremely There is no shortage of candidates for tobe sure. Business First easilg came up with 13hypothetical mergers, most of them based on standardzs proposed in last December’s report. Thes unions would involve districts from all eight for a summary of these 13potentia consolidations. It should be stressed that this list is not reality.
State officials lack the powerr to force districts to Initiative must be take n at thelocal level, which happense infrequently. Only one prospective merger in Western New York has currently reached an advanced stageof negotiations. Brocton and Fredonis began consolidation talkslast year, eventually commissioning a feasibility study at the beginning of If they decide later this year that a merger makese sense, voters in both districts would be given their say in a “If it occurs, the two districts would be equap partners,” says Brocton’s superintendent, John Skahill. “Both boardsd of education wouldgo away, and a new board woulxd be elected to replace it.
A new district woulcd be created.” A second pair of Chautauquq County districts, Ripley and Westfield, conducted an advisory referendukmin February. Ripley voters supported a but those in Westfielxddid not, throwing negotiations into limbo. A thirrd set of talks was triggeredby Gov. Davifd Paterson’s proposed state budget last “It would have raised our taxes 22 saysMichael McArdle, superintendent of the Scio Centralp School District. “It drove us to look at our budget and the issues wewere facing.
” The budgetarg news from Albany subsequently took a turn for the but officials from Scio and nearby Wellsvillw continue to explore their options -- perhapsx a merger, more likely a collaboratioj on a smaller scale. “Everything is says McArdle. “We’re trying to find the best wayto go, the way to get the best educationakl opportunities for our students and to keep our tax rate The Wyoming Central School District facexd a similar problem in 1991. Enrollment was declining, especiall at the high school level. Elective coursees were sparsely attended. Only three students signed up for physicxsone year. Voters rejected mergersw with Pavilionor Warsaw.
“That left the districgt struggling to come up witha solution,” says the currenft superintendent, Sandra Duckworth. “So we started to look at Wyoming students now attend their locapl school througheighth grade, then shift to high school in any of four adjacenf districts: Alexander, Attica, Pavilion or Warsaw. Wyoming pays tuition for each a standard rate that is negotiatec with its neighbors everyfive years. Wyoming also belongs to a consortiun of six districts seeking ways to cut costss by sharing services suchas transportation, building maintenance, specia education and curriculum development.
Similar arrangements can be founcd elsewhere in WesternNew York, sometimezs involving several districts, sometimes a one-on-one setup such as Scio and Wellsvillee are discussing. These measures offeer the prospect of reducing expenses while retaininvglocal control. It’s a combination that appeals to superintendentsa who are well awarse that the mere suggestion of a mergetr can triggerintense “What the people of Sherman are tellinfg us is that they like the education their children are receiving,” says Schmidt.
“They’re ‘Please keep it the way it
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