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 .. . |
الأربعاء، 31 أكتوبر 2012
Finland: plan for universal 100Mbps service by 2015 on track - Ars Technica (blog)
viningocouqyl1601.blogspot.com
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:
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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:
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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:
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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:
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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
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