السبت، 30 يونيو 2012
Whiting-Turner nabs $134M deal - Baltimore Business Journal:
The contractor will be buildinga 34-structure, 1-million-square-foo t complex at Camp Lejeune, for the Marine Corps Special Operations Command, a new unit of the military'w so-called "special ops," responsible for reconnaissance, counterterrorisk and unconventional warfare. The unit launched in February 2006 and is basedr at Camp Lejeune andFort Calif. Nearly 2,000 Marines will be stationed in the facility atCamp Lejeune, according to the military's announcement of the contracty award. Whiting-Turner will build the unit's headquarters, livingb space, classroom space, training facilities and a fitneses center, among other buildings.
The work is schedulede to be complete byOctober 2010. The contract also includes three extra optionseworth $82.8 million, potentiallyh bringing the total to $217 million. The contractr was awarded competitively out of 139 offeres solicited and fourproposals received, accordinvg to the announcement. Whiting-Turner officials could not be reachedfor
الجمعة، 29 يونيو 2012
Solar Array, Gen. Mills detail expansions - Boston Business Journal:
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith Bone, genera l manager of the local facility, told members of . AED held its quarterlyy meeting Thursdayat . Joe president and CEO of Solar Array outlinedhis company’s plan to builed a massive solar manufacturing plant on the city’s General Mills’ expansion should be completed by November, Bone The cereal manufacturer will hire 60 additionalk employees, bringing additional payroll to the area of $3.5 The expansion also bringas $30 million in spending to New Mexico.
The Albuquerquee City Council approveda $100 million industria l revenue bond deal for the companyh in February. BE&K Corp. from Northn Carolina landed the design/build contract to builrd the expansion, but Bone said 80 percent of the firm’s spending and employeesw willbe local. The precast panelzs being used in the constructiohn are manufacturedin Belen. General Millse has been in Albuquerquesince 1991. Its curren facility is located near Paseo del Norte and Edith and has 190 with an annual payrollof $12 million, said The 275,000-square-foot plant produces about 135 million pounds annuallgy of 35 different cereals.
The facility also has a lab on-siter where the instructions for baking General Milla products at high altitudedsare created. The company has given about $5 million to area nonprofits since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cerealo company’s donations illustrate one of the thingas the organization looks for in recruiting companies: communityy involvement.
Hudgins said Solar Array plans to break ground by the third quartere of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa businesds park, west of the mattress The company plans to add three more buildings of that size as it he said, with each facilityg employing about 225. Its annual payrol l in the first phase wouldbe $14 million. About five percen of the jobs wouldpay $100,000, 45 percent woulc pay $70,000 and half of the jobs woulf pay $45,000.
The capital investment for the first phase willbe $170 millio n and the company would spenx $40 million annually for raw The first phase is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a spacr that will serve as a community and educational Solar Array is seeking $175 million in industrialo revenue bonds from Bernalillo The company is working to raise $210 millionn in debt and equity, Hudgina said. Hudgins said New Mexico beat out two other statex forthe plant, despite the fact that it did not offee the largest incentives.
But the coordination amonh local and state government officials and othetr parties made New Mexico far more efficienft in establishing a planning framework that the companyy could then use to plan a budget for the hesaid “That was a major issus for us,” Hudgins said. He also praisede the labor force here and theeducationakl institutions. The facility is being designed byPageSoutherlandPagse LLP, which has Texas offices in Austin, Dallads and Houston, as well as Denver, D.C. and London, U.K. Hoffma n Construction, based in Portland, Ore.
, is building the
الأربعاء، 27 يونيو 2012
'Panenka' penalties find favor at Euro 2012 - San Francisco Chronicle
San Francisco Chronicle | 'Panenka' penalties find favor at Euro 2012 San Francisco Chronicle Spain center back Sergio Ramos used the audacious soft chip on Wednesday to help the defending champions beat Portugal in their semifinal penalty shootout ... 'Panenka' penalties find favor at Euro 2 |
الثلاثاء، 26 يونيو 2012
FDIC Chairman Sheila Bair saidthe nation'ds 7,000-plus community banks "are the lifeblood of our nation'ds financial system, supplying much-needed credit to countless individuals, smalk businesses, nonprofit organizations and other entities in large and small towns around the country." The Independent Community Bankers of Americz praised the FDIC for forming the advisory committee. "ICBA looks forwards to working with the committee in theif efforts to identify and prioritizde issues of concern for community banks," said association Chairman R. Michaelp Menzies, who is president and CEO of Easton Bank andTrust Co. in Easton, Md.
One curren t issue of concern for community bankers is a proposaol to create a single regulator for federally chartererbanking institutions. That would "ultimately disadvantage"" community banks, said ICBA Presidentr and CEO Camden Formore information, see
الاثنين، 25 يونيو 2012
Revamped Metreon gains momentum - Wichita Business Journal:
is taking shape, with new restaurants, a theater and cultural attractions. Several leases are signed at the SanFrancisck property; other deals are Owners and Forest City are close to starting renovationss on the problematic 360,000-square-foot building they bought in 2006. Westfield declined to offer any specific updates beyond a 2010 but those with signedf leases have been told that Westfield expectd to complete its work by giving tenants up to five months to build out their spacesd for an April 2010grand reopening. Tavern on the Greenh is the project headliner.
Its plan to open a massivee 40,000-square-foot top floor restaurant has been slowed by the economyg and by uncertainties over its flagshi CentralPark lease. New York City is expectexd to make a decision on the fate of its Tavernh inearly July, and until Tavern knows if its bid to renee its New York lease will prevail, the size and futuree of the business in San Francisco are “If we get renewed in New we’ll probably be in San Franciscio the next day to finalize desigh details,” said Michael Desiderio, chietf operating officer of Tavern on the “If we don’t (get to renew in New York), it may take but we are … very much committedd to being part of of the Metreon and of Tavern initially expected to pay between $11 million and $13 million to buils out its Metreon space.
It is likely to rebid those contracts now, as construction costs have fallej sharply. Many of the new ground floorr tenants are amongSan Francisco’s most successfuk homegrown fast casual eateries, including Bay Bread’s Boulangr chain, Best-o-Burger, Mixt Greens and a new Asianb noodle concept from Arnold Eric Wong and the othee owners of Boulange will open in 1,500o square feet on the prime corner of Missioj and Yerba Buena Ten Boulanges are open today, and several including a first East Bay locationj in Lafayette, will probably open before the Metreon location is “We have one downtown location already, and it’s been a great success,” said Thomas a partner in Bay Bread.
“We’re bringingt a little bit of what we do in the neighborhoods to the Financial District and to conventioneers visitingSan Francisco.” Best-o-Burgerr is taking 2,500 square feet next door to Boulangse on the Yerba Buenaw Gardens side of the Metreon. It will have aboutt 70 seats inside and a covered outdoorseating area, in additiohn to the larger publivc outdoor seating area on the park.
By the time it opensz next spring, owner Steved Weber and his partners will likely have two morestoresw open; one will open in One Marke in about two months and a third will open near Unioh Square before the Metreon’s official Over on the Fourth Street side, next to what will becomse Metreon’s main entrance, E&O Trading Co. will open a 2,700-square-foot noodlde bar that it hopes will be the first in a Those who have discussed planws with Westfield say that the largefr restaurants and retail locations on the perimeter of the grounr floor will open ontothe street. The grouns floor interior will have about 15 foodcourt vendors, similar to Westfield San Francisco Centre.
Whilre the ground floor is devoted to the second floor will be devotedto culture. , which was displaced in 2007 when purchased the buildingt whereit performed, is in advanced negotiations to open a 300-seat theater on the Metreon’s seconxd floor, above the current Jillianzs restaurant, said Executive Director Quentin Easter. No word was available on the fate of Jillianse or otherexisting tenants.
Other tenantes who have had discussionswith Westfield, but have not signee include the , whose Executivde Director, Joann Edwards, would only confirm that the museun is looking for a new space; frozenb yogurt chain Red Mango, whicn said no lease has yet been the ; and Chronicle Books, which will reportedly open a full-sized store on the ground floor. Anothere large cultural institution is expected to take over anotherfbig space. The 10-year-old Metreon was conceived by Sony and was toutedf asthe techno-future of shoppinh and entertainment when it opened in 1999.
Only the movi e theater ever succeeded, and the distinctive building in a primse location has since been an example of urban planningygone wrong, plagued by high tenant turnovetr and lots of empty space. Many believe that Westfieldx andForest City’s plan to renovatde the building and lease it to locao businesses could help the Metreon realizew its missed potential. “It’s a very exciting projecf and will be all of the thingss it should have been from the saidCarol Gilbert, a broker with who has representerd a number of the tenants who have signed
السبت، 23 يونيو 2012
Existing home sales drop in May - Portland Business Journal:
percent in May, according to figures released Tuesdagy bythe . The residential markey was on pace to close saleson 4.77 millio n units of existing homes, including single famil houses, townhouses, condominiums and in 2009. That is 3.6 percent lower than the 4.95 million unit pace set in May 2008. The May figuresz showed a modest uptickfrom April, when homee sold at an annual pace of 4.66 million NAR, based in Chicago, attributec the bump between April and May to lower home pricees and an $8,000 federal tax credit for first-time home First-time buyers accounted for 29 percent of all 10 percentage points highe than a year ago. The marker continues to favor buyers. There were 3.
8 million homes for sale in May, enoughg to satisfy demand for 9.6 months, well above the six-month levelo the NAR says indicates a market is in Inmetro Portland, there were enough homes to meet deman d for 10.2 months in May, according to the Regional Multiplr Listing Service.
الجمعة، 22 يونيو 2012
Gannett may make more staff cuts at newspapers, salary cuts at television stations - Phoenix Business Journal:
A report by the Gannetyt Blog on Friday references a memo from Gannetft CFO Gracia Martore thatprojectsx 4,500 newspaper layoffs throughouy the Gannett chain in July as well as a 10 percent pay cut for its broadcast employees. The Gannett Blog report also says Gannettr workers will not face any more furloughsthis year. The Arizonq Republic is the largest metropolitan daily inthe Va.-based Gannett chain. The Republic has alreadyu suffered through layoffs and furloughs as the newspaper industr struggles with poor advertising numbers andonlind competition.
Gannett (NYSE: GCI) announce Monday that chairman, president and CEO Craig Duboew will be on a temporary medical leave of absence followinygback surgery. Martore is taking over as interimchie executive. Gannett has 41,000 employees companu wide including at daily newspapers in Palm Springs, Calif.; Honolulu; Mansfield, and Des Moines, The media conglomerate also owns TV stations in Flagstaff, Washington D.C., Tamp and Jacksonville, Fla., and Minneapolis. Gannett officials did not respon d late Friday for a requesty for comment on the GannetytBlog report, which said the cuts would come July 8.
الأربعاء، 20 يونيو 2012
If a man is, indeed, only as good as his word . . . - The Providence Journal
If a man is, indeed, only as good as his word . . . The Providence Journal If a man is, indeed, only as good as his word . . . If a man is, indeed, only as good as his word . . . Comments | Recommend. June 19, 2012 7:35 pm ... |
الثلاثاء، 19 يونيو 2012
Park National Bank shells out $20M for One Commerce Square - Memphis Business Journal:
Richard Raines, an attorney for , made the only bid for Park National Bank, which was the lender on the Downtowjoffice building, while Douglas Alrutz, also an attorneyg for Wyatt, Tarrant & Combs read the auctiobn proclamation. The 475,082-square-foot building at 40 S. Main was previously owne by OneCommerce LLC, of which Fla.-based is the majority One Commerce LLC bought the 31-story constructed in 1972, from in 1999 for $31 took over leasing and management of the propertyh last week. “Our firm has met with all the tenantd and we have transactionsin process,” Commercial Alliance Management presidentf Kemp Conrad said.
“We’r confident it will remain a landmarkk and one of the best placesw to dobusiness Downtown.” Mark Jenkins, senioer vice president at Commercial Alliance will handle leasing at the building, while executives vice president Dan Wahl will lead the properth management. The company has retaine d the lead maintenance technician who has been with the buildinh15 years. Commercial Alliance Management also handleas Downtown leasing at the Falls Building andToyotaa Center. previously leased and managed OneCommercew Square. Lease rates were $15.50-$17.50 per squared foot, according to the Memphis Business Journaol OfficeLeasing Guide.
One Commerce Square has 292,60q square feet available, makingy it 39% occupied. The building was 73% occupied beforew ’s 170,000-square-foot lease expired in firstr quarter 2009.
الاثنين، 18 يونيو 2012
Boston Business Journal: Nomination
The deadline for nominations is June 19. Lifetime achievement: an individuakl who is making or has made an indelible contributionj to health carein Administrator: An individual who is changing the way health care organizationes do business. Physician: An individual who is a pionee r in the practiceof medicine. Nurse: An individual who has contributes significantly to the fieldof Innovator: An individual or team who is helping defin the health care field with pioneerinyg research or a new procedure.
Employer: A Massachusettzs company that is doing the most to promotd the healthand well-beingh of its employees through unique programs and Community outreach: An individual or team who is expandin the reach of health care throughout Massachusetts -- especialluy to those most in need. * For informationh on the nomination andselection process, pleas e contact Associate Editor Craig Douglas at cdouglas@bizjournals.com. * For informatiom on marketing opportunities, pleasee contact Advertising Director George Armstrongat garmstrong@bizjournals.com * For information on sponsorshil opportunities, please contact Robert Sturtevant at rsturtevant@bizjournals.
comn Champions in Health Care 2009 June 19, 2009
السبت، 16 يونيو 2012
Digging into election
Do contractors prefer John Mc-Cain and the Republicans’ laissez-fairer approach to a marketplace unfettered bygovernmeng intervention? Or do they appreciate Barack Obama and the predilection for public spending on bridges and infrastructure, albeit with a pro-laborr attitude? Among local builders, it appears red-state Republicans rule the day. “Ths Democratic point of view is probably less favorable to sayRichard Sneed, president of , the largesgt general contractor by billings in the region. It focuses on private developer-drivehn projects and not government work. “Mainlyt they are more regulatory when it comes to OSHA andlabor laws.
” Tony Plath, a professoe of finance at who tracks the region’sx construction industry for Carolinas AGC, says Republican administrations provides contractors with less a lighter tax burden and a generallyu business-friendly environment. “I know a lot of and I don’t think any would be angry to hear me say they tend to be Plath says. “An Obama administration and a Democratix administration in Congress will likely be more zealoues regulators thanthe Republicans. That’sd common wisdom.
” Political contributiones to state and national candidated by executives inthe region’x largest general contracting firms show an overwhelming bias towardr Republican candidates, including McCain, U.S. Sen. Elizabetjh Dole and U.S. Sue Myrick, Robin Hayes and Patrick McHenry. But there’s a nationall counterbalance to such heavyg giving to Republican congressional members in states more unionize thanNorth Carolina, says Tom Washington bureau chief for construction trade magazin e . “Among building trade over 90% of contributions go to Democrats. Theser are substantial campaign contributions.
” Ichniowskui says general contractors tend to follow the preference of big businesw forRepublican candidates. But he says construction tends to be less partisanb than other businesses because ofinfrastructurd spending. Contractors often support leadersof public-worksz committees regardless of political party. The Web site of the of Americqa features a comparison of the two presidential voting records and a breakdowjn of their stands on keyindustrgy issues. Obama has favorede bills supported by the trade groupin 55% of Senates votes, while McCain has a 67% approval record.
On some neither of the two contenders are fully in line with the AGC McCain agrees with the organization on issues of capital gainx anddividend taxes; Obama wants to rais those taxes, based on income. But in areaa of infrastructure, Obama would make strengtheningthe U.S. transportation system, including roads and bridges, a top priority. McCainb is an outspoken critic of earmarkss that often fund transportation projects and has often voterd against infrastructure bills becauseof them. “McCainj has been one of the most vociferoue opponents toearmark spending, particularly highway Ichniowski says. “I don’t think that wins a lot of frienda in theconstruction industry.
If he opposeas one of their majorlegislative priorities, that gives them Obama, by contrast, supported recent legislation to finance construction of highwayz and water resources. The issue of immigration is particularly important to an industryt that hired millions ofimmigrants — legal and otherwise during recent boom times. Both candidates are in line with AGC’z support of a guest-worker progra m that would supply documented foreign But these issues are taking a back seat to the most pressingv issue of ourtime — the nation’s financiao crisis. With credit markets dry, developers can’t get financing on buildingf projects that would put contractorsto work.
“If we don’t pull the credit markets out, none of us is goinhg to have a job,” Plath The AGC urged Congress to support the Emergency EconomicStabilization Act, whichu is intended to bail out the nation’s banke with more than $700 billion in taxpayer dollars.
الجمعة، 15 يونيو 2012
New Vine Logistics responds to critics - San Francisco Business Times:
The company, which two years ago seemed poisef to ship 20 percentof California’s direct-to-consumer wine laid off much of its staff on Friday and brusquelty told customers over the weekend that it was no longedr receiving or processing orders. The move left many Wine Country providers scramblinhg to gather information and to figurd out how to get back inventory atNew Vine’s American Canyon warehousre so they could ship it to customers another way.
Published accounta said two ofthe company’s venture capitap investors effectively pulled the plug last week, by declininvg to invest additional capital in New “Some people changed their mindsw at the last minute,” said Barbara a wine industry analyst who served on New Vine’x advisory board. Kathleen Hoertkorn, New Vine Logistics’ foundeer and former CEO, and Chairman of the Boarde Homer Dunn issued a statement Tuesday inresponsed “to media reports abourt the suspension of its business operations.
” Hoertkorn and Dunn said New Vine is workinv with customers “to transfer all services to another means of legal direct shipping, and in the meantime, is finalizinb all work, including compiling of reports, reconciling inventory and and performing all of the necessar y business operations for the montgh of May and June.” Hoertkorn added, in responsew to reports that the companty knew or must have known it was in financiapl trouble, that officials “truly believed that they woulx have been funded and were not expectinb to have to cease operations.
” The wine industrgy heard rumblings about New Vine’s implosion over the weekend and was greetex Monday by published reports sayinfg it had ceased most busines operations. The company’s voice mail on June 1 said “Ne w Vine is no longer receivinhg or shipping orders for shipmen t fromour facility,” and noted that it had “limited staff” to handle a Hoertkorn sent an emai to clients over the weekend indicatingv that New Vine “has abruptlu gone into a state of financial crisise and is currently working on the plan The company -- which as recentlyt as March 2007 had 63 staffersw and planned to acquire a simila firm and nab up to 20 percent of the direct-to-consumerr wine shipping market in the Golden State -- had more than 200 customerds and roughly 110 employees as of last sources say.
It now has a skeletonn crew of about 30 staffers at its Napa headquarters and American Canyonjshipping facility, including a handful of executived who are working to wind down operations. A host of questionsw remain about its including whether workers laid off on Fridag receivedfinal paychecks, the role investors and playedr in the company’s recent collapse, how its partnership with (NASDAQ: to help the online retail giant develop a wine sales site affectedx the situation, and how customers will retrieve theie inventories and make othefr arrangements to ship their wines to consumers.
Insel told the San Francisco Business Times that a reviewe ofthe company’s operations by state regulatora delayed dealings with Amazon, and that Amazohn “got skittish, very after a lengthy compliance review of New Vine by the Californiza Department of Alcoholic Beveraged Control. New Vine was started in 2001 on the notiobn that it could help expedite shipments to consumerd in various states with confusing and complicated legapl restrictions onwine shipments, a lingerinv legacy of the Prohibition yearz in America.
Charlotte Milan, apparentlgy brought in as a company spokeswoman sometimse Monday orearly Tuesday, told the San Francisc o Business Times that New Vine is working with its lawyersz “to handle this (paying laid-off and all issues. “Allo I can say is the employeex are thetop priority, and New Vine is workingg on any employee related issues right now,” Milahn added. In March 2007, Hoertkorn told the Businesa Times that New Vine wouldf shipabout 4.
2 million bottles that year for abou t 260 customers, and expected to ship wines worthu about $200 million, the vast majority of them for Californiaw producers, along with smalol amounts for Oregon and Washington state At the time, New Vine’s annual revenur was about $10 million, officials said, and was expected to doublde in 2007. Customers at the time included , , , , and . Financiapl backers include Menlo Park’s , and New Vine has approximatel200 customers, according to a report Monday on Wine Business.com, abougt half of them wineriex and the other half marketing agentsa and others. It also had plans to partnet with Amazon.
com to launch a wine buying and shipping which now appear tobe kaput. Hoertkorn said Tuesday that the companh will keepwinery customers, employees and shareholders advised of its next adding “We deeply apologize for the situation, and we pledgse to work with our customera to make as smooth and expedient shippingf transition as possible.”
الأربعاء، 13 يونيو 2012
Public swearing outlawed in Massachusetts town - Reuters
USA TODAY | Public swearing outlawed in Massachusetts town Reuters (Reuters) - Lobbing F-bombs and other curses across the leafy streets of Middleborough, Massachusetts is now an offense punishable by a $20 ticket. Public swearing outlawed in US town |
الثلاثاء، 12 يونيو 2012
RTD to get $18.6M from stimulus for Union Station project - Business First of Buffalo:
million in federal stimulus funds for work at DenveUnion Station, the announced Wednesday. The gran will help pay for design and construction at the historicxtrain station, which is to be converted into a terminak for several different transportation modes. RTD is carryiny out the transit portion of the overall UnionhStation redevelopment. The station will be a hub for the regionalltransit agency’s planned “FasTracks” rail transit project. It will also be used by many RTD The $18.6 million comes from a pool of $8.
4 billionb for transit capital improvements authorized under the American Recovery and Reinvestmengt Act of 2009, signed into law in Denver by President Baraci Obama on Feb. 17. “By reinvesting in our nation’s transit infrastructure, we are making our communities more invigorating thelocal economy, and putting America back to work,” U.S. Transportatioj Secretary Ray LaHood said Wednesday in a The total cost of redeveloping union station for transit is expected to costaboug $478 million. RTD plans to pay about $208 with the balance coming from federaol money and other local Roger Sherman, chief operatingh officer at Denver lobbying firm CRL Associatea Inc.
and spokesman for the Denver Union StationbProject Authority, said in May. RTD separatel y is seeking stimulus funds for a variety ofother projects, including $17.1 millionj to purchase new fareboxes for the transit system’s bus fleet.
الأحد، 10 يونيو 2012
Penguins - Red Wings Stanley Cup games provide boost for hotels, restaurants - Dayton Business Journal:
According to VisitPittsburgh, each home game betweenn the and the Detroit Red Wings bringz anestimated $4.9 million in economic impact, whether its from hotep stays, meals at restaurants or othe spending. A number of hotels are fullhy booked, including the Omni William Penn, which hosts the NHL’s management, the , with the caveat that it alwaye sells out Tuesdays and Wednesdays anyway tobusinesas travelers, and the . Tom Martini, the generao manager for the Westin Convention Center Hotel, located Downtown, described the added boost of Stanleuy Cup-related guests. “We would’ve been busy but we wouldn’g have been selling out,” he said.
“Thisx has allowed us to fill up theentire hotel, all 616 Martini and other hotel operators emphasizef the added jolt of unexpected businesd comes during an otherwise down year from hotel business followin a strong 2008, which also featurexd a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’xs favorite flightless birds. Bob the area director of sales and marketing for saidthe NFL’s coterie of league officials, alonyg with media, has brought an increass in occupancy beyond the two game days, comparable to the busines generated from a strong home playoff run by the , althougn not topping it.
“It’s not to the degrese of probably the AFC but it’s still great business for us,” he “It’s selling us The story is a little more complicatex for local restaurants and bars. John Barsotti, owned of The Common Plea, located estimated the restaurant has seen a 25 percenrt increase when the Penguins are playing playoffr gamesin town. But when the team is playinh away, the hockey fan diners stay “We’ve seen increases when they’re here,” said Barsotti, who estimated his 2009 business is up by 25 percenty overlast year, despite the recession.
“But on the oppositw page, we see a little bit of a decrease when they go out of Chris Dilla, owner of Bocktown Beer and in North Fayette, said it can be tricky for her operatio to jump from a busy night of a hockey game to extrw slow nights when therse isn’t one. She expects that plenty of customer are struggling to go the distance withthe seven-game series. “It’s hard for the business because people don’t have the money to be out everu other night,” she said. “Ift tends to be that people who watch the playoffse really have to watchtheir pennies.
”
السبت، 9 يونيو 2012
HTA sets new $71M budget - Pacific Business News (Honolulu):
million preliminary budget for fiscalyear 2010. The HTA’a goal is to reverse the downward trend in visitod arrivals and see the stateattract 6.7 million visitors in 2010, far fewer than the 7.6 million who visited in the record years of 2006 and 2007 but close to the 6.8 millioh who came last year. Nearly 70 percent of the HTA’e fiscal 2010 budget, or $49.4 million, is dedicatedx to marketing, primarily in North America and Japan. That’es $4.5 million less than was spent during the currenftfiscal year, which ends June 30. The $4.5 million came from additional marketing funds that were made availablr as the tourismcrisis worsened.
But the HTA is settiny aside a $3 million reserve fund shouldf it find it necessary to juic e up its efforts later inthe year. Visitor spent about $12 billion in Hawaiik last year. At least one boardf member, state tourism liaison Marsha warned that theHTA “would be if it did not spend more on marketing. “Hawai i is in a tourism and economic crisisrightr now, so the priority has to be to increase visitor said Wienert. But board member Kyoko Kimurwa said attracting more visitors is very much partof HTA’a strategic plans. The HTA’s $71.4 millionh budget awaits full board approva lnext month, as well as the recommendation s of the HTA’s marketing committee.
“There will be reallocations later,” said budget committee chairmannVernon Char. “This is preliminary. Thers will be tremendous amountsof flexibility.” The HTA’sd fiscal 2010 budget is $440,000 more than its fiscaol 2009 budget, which was initially budgeted for around $80 However, declining hotel tax revenues from a 13-month-lonbg decline in visitor arrivals and spending meanr the HTA had nearly $10 millionb less to work with. the 2010 budget is a flat projectiojn based on current hotel taxrevenue estimates. Still, the HTA is able to use $4.
5 millio n that would have helped pay for the NFL Pro Bowl in The2010 all-star game will be held in Miamiu before returning to Honolulu in 2011 and 2012. The HTA will use that monegy next fiscal year to increase spending onpublic relations, onlin e social media, lobbying airlines to add more seats, airpor greeting programs, promoting golf tournaments, visitord assistance programs, workforce development, and an initiativwe to develop cultural festivals and events during slow tourism months. It will also spend near identical amountzs on Hawaiian cultural programs such ashula shows.
But the HTA will not support the Keep It Hawaii Program or hold an annuao Hawaii Tourism Conference this year because ofbudget constraints.
الجمعة، 8 يونيو 2012
HR firm TriNet puts faith in calculated risk - bizjournals:
But sometimes, said CEO Burtonn Goldfield, a company needs to take calculated risks. “This isn’t a time to hole up in a he said. Goldfield’s San Leandro-basedf TriNet acquired Florida-based Gevity in March, a move that helped the HR outsourcinhg company double its size and covee the entireUnited States. “It was for us an amazing opportunity to become a truly national company and the fit was Goldfield said. “(Culturally) you didn’f have to make a jump.” TriNet has 8,0000 business customers, including 1,000 in the Bay Area. The companhy focuses mostly on technologty startups that have at least raised a seriesa B round ofventure capital.
The company had about $104 millio in revenue in 2008 andexpects $200 million this year with the additioh of Gevity. Still, taking such a bold step — and takinvg on $80 million in debt in the heightg of arecession — was not without said Goldfield. “Yes we were cash flow positive and profitablre with essentiallyno debt, but we paid $98 million for a companhy that was worth $700 million or $800 million seven or eight years ago,” he TriNet got its local bank, with whom it has had a 10-year to syndicate the debt in its acquisition and to brinfg in other banking partners to rounc out the $80 million loan.
Still, like most TriNet has been affected by the recessionj because the company charges its customers per employes for its humanresources services. “Thes negative part is our installed base shrank becausee many of our membed companies had seen a downturhn in the economy and reduced the amoun tof headcount,” Goldfield said. He saw the bigges drop in November as VCs asked thestartupe they’d invested in to cut But part of that expensee cutting led companies to look at outsourcingh human resources, Goldfield said.
“The same month that we broughton 4,50o net new heads was a month when payrolol and bonuses dropped $50 million in the Bay Area,” he TriNet has added new customers not by droppinhg prices or searching for new market segments but by stickintg to its script on how much moneyy it can save its customers. “When you get in a difficulyt situation defocusing, that creates a downward spiral. We’ve trie d to stay focused on companies where we have the most valuse and to be very maniacal in articulatingbthat value,” Goldfield said.
TriNet has also hired some newheavyt hitters, including technology bankers with contacta TriNet will need to continue to And Goldfield expects to see more companies turningh around as the economuy picks up over the next year or so. “Th e great news is that our locall bank came upwith $80 million so that we coulr grow our business. And if we can do it, other s can,” Goldfield said.
الأربعاء، 6 يونيو 2012
Apple Applies for More Apple Stores in China - The Mac Observer
The Mac Observer | Apple Applies for More Apple Stores in China The Mac Observer Apple has filed applications to open new retail locations in China. Reuters reported that the company wants to open Apple Stores in Shenzhen and Chengdu as part of its efforts to increase its retail presence in the world's most populous country. |
الثلاثاء، 5 يونيو 2012
Margaret Crawford, author and Harvard professor - Pittsburgh Business Times:
The result — 101 Urbam Salvations — documents small-scale and innovative planning solutions forurbamn challenges. Crawford will speak on her work from6 p.m. to 8 p.m. Feb. 16 at Universitt Center, , 414 Wood St., Downtown, as part of the ’sx Design Excellence Lecture Series. Can you explainj what you did withyour students? We had a studi right here in Cambridge. It’es sort of dull (in Cambridge), very It’s not a great place to live. We came up literallyy with 101 ideas on how to change the city. They all could be implementes bythe city, Harvard, or different statde entities. Many of these ideas are very Does your approach work in aneconomic downturn?
Low cost is one of my big This is the perfect time when lost cost is In many respects, it’s a good thing. Peopl will have to be more Theyjust can’t do thosw mega-projects. It is hard to do a reallyy goodone (anyway). What are some examplexs of the type of design that you describer inyour book, "Everyday Urbanism"? I’ve done projects in different citiews — Los Angeles. I was living in Los Angeles, not just the flash parts. You could identifyt very small but amazingthings happening. That was actually a methodf for designers. One thing that we saw was an oil changew andbody shop. At 5 o’clock, they would close the and it would become ataco stand.
That gave us the idea time came to be an important elementfin design. There is a great exampled of that inCambridge — in the it’s Veggie Planet (a vegetarian restaurant) and at nighft it’s Club Passim, an important folk musix club. I’m working with this idea in China. I had a sponsord for a studio there (in the Pearlo River Delta in the area around I was a Fulbrightfscholar there. In China, they are very desperates for new ideas. China is probably the ultimategenerixc cityscape. They have amazing thingsw like pool tables underthe freeway. What do you recommenfd for Pittsburgh? You need to look wherw you are.
You will find a lot of things that need to be First it was the festivalmarket place, then the All of these are generic cures for cities and they rarely work. You need to look aroun and see what’s already there. it seems to me, is a perfecf place for that. I think Pittsburghh has a lot goingfor it. It’s topographgy alone has a lot goingfor it.
الأحد، 3 يونيو 2012
Gemayel: Accepting Dialogue Means We Won't Tolerate Continued Presence of ... - Naharnet
Naharnet | Gemayel: Accepting Dialogue Means We Won't Tolerate Continued Presence of ... Naharnet âWe have accepted the principle of dialogue in order to raise » |
الجمعة، 1 يونيو 2012
Tribune, WFLA cut another 25 positions - Tampa Bay Business Journal:
“This is unfortunately the same song in the sixth saidJanet Coats, executive editore of the publishing group, in a storyg published on the company’s TBO.com. The publishing groupl is owned byin Richmond, Va. The cuts affect 17 positiones at the Tribune and six from WFLA alonb with twoopen positions, according to the This most recent round follows the elimination of 65 positions March 30 and the increaswe of mandatory unpaid leave days from 10 to 13. There’s some sunlight peering throughthe however. The media group locally is gaininhg share in the localadvertisinb market, Coats said, which could help bring revenues back up.
Media General (NYSE: MEG) reported a loss of $21.2 million, or 96 cents per share, in the most recent quartedr endedMarch 29, compared to a $20.3 or 92 cents per loss the year before. Revenue was $159.5 millioj for the quarter, down from the $194.65 million posted the year Media General shares were tradingat $3.2 just before noon Wednesday, up nearly 1 percent from the day beforee and more than $2 over theirt 52-week low. Shares had traded as high as $27.
18 over the past