USA Today | Ex-Ranger Drury c » |
السبت، 20 أغسطس 2011
الأربعاء، 17 أغسطس 2011
NYSE's Niederauer Warns On Dangers In Trading Taxes - Wall Street Journal
showarticle-cultura.blogspot.com
NYSE's Niederauer Warns On Dangers In Trading Taxes Wall Street Journal (Updates throughout with further comment from Niederauer, information on Merkel-Sarkozy tax proposal, NYSE Euronext share price.) By Paulo Winterstein and Jacob Bunge Of DOW JONES NEWSWIRES SAO PAULO (Dow Jones)--The top executive at NYSE Euronext ... |
الاثنين، 15 أغسطس 2011
Abercrombie shutting struggling Ruehl chain - New Mexico Business Weekly:
ikefageze.blogspot.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ws 29 stores and direct-to-consumer operations and will be “substantiallty complete” with the effort by the end of next The decision comes a month afte Abercrombie (NYSE:ANF) took a deep strategifc look at the chain, which targets young adultse with clothes and accessories. Ruehl, whose only Ohio stored is at EastonTown Center, generatee a pretax operating loss of $58 milliom last year. The chain regularly was Abercrombie’s weakest salexs performer at stores open at leastra year. Ruehl’s same-store sales were off 33 percengin May. Abercrombie earned $272.3 million on $3.
54e billion in revenue last “It has been a difficult decisionm toclose Ruehl, a branr we continue to believe could have been successfulp in different circumstances,” CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interestws of the company to focus its efforts and resourcez on the growth opportunities afforded by our other brands, particularlyg internationally.” The company didn’t disclose the effects on the chain’s work force, nor did it indicated the number of jobs tied to Ruehl.
The review of which opened in 2004, cost the compang about $51 million in impairment charges in itsfirsrt quarter. Abercrombie expects to book about $65 million in preta charges through the rest of the fiscal year as it windsadown Ruehl. The company Wednesday also said it amended a creditt agreement to excludesome Ruehl-related charges from requirementz under its covenant with the lenderr and reduced its available credit to $350 millio from $450 million. Jeffries said the company is confident is has sufficien t cash on handbut “we believed it is prudent to make these in light of the recession-battered retail environment and the one-timew Ruehl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others undertthe Abercrombie, Hollister Co. and Gilly Hicka nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ws 29 stores and direct-to-consumer operations and will be “substantiallty complete” with the effort by the end of next The decision comes a month afte Abercrombie (NYSE:ANF) took a deep strategifc look at the chain, which targets young adultse with clothes and accessories. Ruehl, whose only Ohio stored is at EastonTown Center, generatee a pretax operating loss of $58 milliom last year. The chain regularly was Abercrombie’s weakest salexs performer at stores open at leastra year. Ruehl’s same-store sales were off 33 percengin May. Abercrombie earned $272.3 million on $3.
54e billion in revenue last “It has been a difficult decisionm toclose Ruehl, a branr we continue to believe could have been successfulp in different circumstances,” CEO Michael Jeffries said in a “However, given the current economic environment, we believe it is in the best interestws of the company to focus its efforts and resourcez on the growth opportunities afforded by our other brands, particularlyg internationally.” The company didn’t disclose the effects on the chain’s work force, nor did it indicated the number of jobs tied to Ruehl.
The review of which opened in 2004, cost the compang about $51 million in impairment charges in itsfirsrt quarter. Abercrombie expects to book about $65 million in preta charges through the rest of the fiscal year as it windsadown Ruehl. The company Wednesday also said it amended a creditt agreement to excludesome Ruehl-related charges from requirementz under its covenant with the lenderr and reduced its available credit to $350 millio from $450 million. Jeffries said the company is confident is has sufficien t cash on handbut “we believed it is prudent to make these in light of the recession-battered retail environment and the one-timew Ruehl costs.
In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others undertthe Abercrombie, Hollister Co. and Gilly Hicka nameplates.
السبت، 13 أغسطس 2011
Dalai Lama begins 3-day visit to French city - Atlanta Journal Constitution
efenytan.wordpress.com
Indian Express | Dalai Lama begins 3-day visit to French city Atlanta Journal Constitution AP PARIS â€" The Dalai Lama has begun a three-day visit to the French city of Toulouse for sessions in spiritual guidance with thousands of Buddhist followers. Tibetan spiritual leader the Dalai Lama gestures in a traditional greeting to audience ... Dalai Lama begins 3-day visit to French city for sessions of spiritual guidance |
الخميس، 11 أغسطس 2011
Gigantic Birds Walked the Earth During Dinosaur Age - Fox News
ofycagvezi.blogspot.com
Irish Weather Online | Gigantic Birds Walked the Earth During Dinosaur Age Fox News An enormous bird, t » |
الثلاثاء، 9 أغسطس 2011
Renegotiation, creative cutting elevates Elevate - bizjournals:
http://www.illinois-home.com/society-and-culture-personal-pages.html
When Blazona started in 2006, he was designingv children’s furniture. He said he didn’t feel the full effectws of the recession untillast “Right before the election, thingsd basically stopped. And I mean stopped,” he said. “Sale s became nothing. So that was a littlde bit challenging and a littlebit scary, to say the Blazona decided to look for new thinking: “If we could grow in the middle of it, we’xd probably be stronger in the end.” He started designing adultf furniture and looked for areas where he couldr cut costs in manufacturiny and shipping.
Blazona convinced manufacturersz to accept a lower minimum order meaning they were willinb to produce fewer pieces at a time something he said they were willing to do because they had lost businesx inthe recession. Blazonaa also switched factories, saying his first factory, in Thailand, was complacenf about his business, while other factories were more attentivew to customers to attractnew business. “Thde factories overseas were much more eager to fill theie factory space andtheif calendars, so we pushed them to take on some smallere opening orders, which allowed us to grow and add new he said.
“We weren’t reallh able to negotiate on a per-piecde basis and get our cost down, but we were able to get smallefr quantity.” With smaller minimum orders, Blazonaw no longer had to store so much whichsaved costs. Then he foun shippers were willing torenegotiate “There’s less shipping happening in the and shippers are williny to take less to fill their he said. He also saved on shippinhg by moving his warehouseto Miami, where many trucks drop off loadse at the port and don’t have loads to carry He also let his shippinhg company handle the warehousing of his noting that shippers were willing to pretty much give away storage with shippingh contracts.
Blazona also lookerd for ways to ship directly from locall factories so he couldsave “So we decided to add sofae to our line, whicyh we are buying throughy a factory in L.A. We took the same We convinced them to let us orderd ona per-piece quantity. “In that case, we reallty were able to expand and not have to lay out a ton of he said. He expects the lines of furniture he was ableto add, with directr shipping from the L.A. factory and lower order minimumx on factories overseas will turn into a 40 percent to 50 percenyt gain in revenuenext year. Blazona’s advicw to other companies is to beproactivs — find creative ways to do thingws — and to renegotiate.
“It’s kind of a refreshingb time ina sense,” he said. “We’re all learningg new ways of doing business. And it’sd really time to almost embrace this andthink ‘OK, I can survive
When Blazona started in 2006, he was designingv children’s furniture. He said he didn’t feel the full effectws of the recession untillast “Right before the election, thingsd basically stopped. And I mean stopped,” he said. “Sale s became nothing. So that was a littlde bit challenging and a littlebit scary, to say the Blazona decided to look for new thinking: “If we could grow in the middle of it, we’xd probably be stronger in the end.” He started designing adultf furniture and looked for areas where he couldr cut costs in manufacturiny and shipping.
Blazona convinced manufacturersz to accept a lower minimum order meaning they were willinb to produce fewer pieces at a time something he said they were willing to do because they had lost businesx inthe recession. Blazonaa also switched factories, saying his first factory, in Thailand, was complacenf about his business, while other factories were more attentivew to customers to attractnew business. “Thde factories overseas were much more eager to fill theie factory space andtheif calendars, so we pushed them to take on some smallere opening orders, which allowed us to grow and add new he said.
“We weren’t reallh able to negotiate on a per-piecde basis and get our cost down, but we were able to get smallefr quantity.” With smaller minimum orders, Blazonaw no longer had to store so much whichsaved costs. Then he foun shippers were willing torenegotiate “There’s less shipping happening in the and shippers are williny to take less to fill their he said. He also saved on shippinhg by moving his warehouseto Miami, where many trucks drop off loadse at the port and don’t have loads to carry He also let his shippinhg company handle the warehousing of his noting that shippers were willing to pretty much give away storage with shippingh contracts.
Blazona also lookerd for ways to ship directly from locall factories so he couldsave “So we decided to add sofae to our line, whicyh we are buying throughy a factory in L.A. We took the same We convinced them to let us orderd ona per-piece quantity. “In that case, we reallty were able to expand and not have to lay out a ton of he said. He expects the lines of furniture he was ableto add, with directr shipping from the L.A. factory and lower order minimumx on factories overseas will turn into a 40 percent to 50 percenyt gain in revenuenext year. Blazona’s advicw to other companies is to beproactivs — find creative ways to do thingws — and to renegotiate.
“It’s kind of a refreshingb time ina sense,” he said. “We’re all learningg new ways of doing business. And it’sd really time to almost embrace this andthink ‘OK, I can survive
السبت، 6 أغسطس 2011
Big projects slow construction - Jacksonville Business Journal:
http://canada-virtual-number.com/Programme-Est-Un-Bureau-Virtuel/VoIP-A-Bas-Prix/
The luxury hotel and condominiumtoweer won’t open until the end of 2011. David Matheson, VP of communicationz for , which is developing the projectwith Miami’s , said Starwooe has scaled back construction to “preserve He echoed the cash strategy of Starwoodr CEO Frits van Paasschen, who talkedf about his plan during the company’s April 30 earnings conference call. “The environmeng continues to beextremely challenging,” van Paasschen said.
He said the company was seeing signs of improvement in the vacation but “this recession showss no signs of ending just Van Paasschen said one of his goals was to “managed our business for cash” and singled out the Bal Harboure project as one where costzs and capital spending had been reduced. The three-tower project includex a hotel and 330condo units. The residences are a mix of condo-hote units, fractional units and traditional for-sale condos. The fractiona units are not currently availabldefor sale. Until recently, Starwoofd had been on an acceleratedconstructioh schedule, with crews working six days a week and expenditurexs keeping pace.
The change in pace allows the developer to stretch out its spendingh and negotiate better pricing on materialsand labor, said Tom Murphgy Jr., a principal with Coastal the St. Regis’ general contractodr Murphy said the strategy has become commonplace as condp developers grapple with sluggish residential salese and try to negotiate with lenders to make loan termamore flexible. He said Starwood intends to completerthe St. Regis. “They are not going to Murphy said. “They are slowing like a lot ofsmart people.
” Alicia Cervera CEO of residential brokerage , said the project had sold abouyt 50 percent of its units, with the traditional condk units racking up the most Sources familiar with the project said industrt studies predict the economy to show improvementsa by 2011, and that Starwood is now timinb its completion to coincidw with that. Brickell Financial Centre, a downtown Miami officed tower, is another high-profile project with a scaled-back construction schedule. The 600,000-square-footf tower is now slated for completion inJuly 2010. The buildin had also been on an accelerated constructionj schedule that would have had it doneby October.
Forak Group CEO Loretta Cockru m said the building was not contractually obligated because of a leasing agreemenrt to deliver by theearlie date. “No major tenant requires deliver y of space beforeJuly 2010,” she said in a Marcy interview. “So, why would anyone try to accelerater and deliver before any Cockrum also referred to cash flow as a determinint factor inthe company’s decision to managw cash, which is coming from its investment group, not from a There has been widespread speculation in real estate circles that Brickell Financiall Centre might have stoppexd construction because the building has yet to sign a A lease deal with law firm LLP to occupyt 115,000 square feet fell through in
The luxury hotel and condominiumtoweer won’t open until the end of 2011. David Matheson, VP of communicationz for , which is developing the projectwith Miami’s , said Starwooe has scaled back construction to “preserve He echoed the cash strategy of Starwoodr CEO Frits van Paasschen, who talkedf about his plan during the company’s April 30 earnings conference call. “The environmeng continues to beextremely challenging,” van Paasschen said.
He said the company was seeing signs of improvement in the vacation but “this recession showss no signs of ending just Van Paasschen said one of his goals was to “managed our business for cash” and singled out the Bal Harboure project as one where costzs and capital spending had been reduced. The three-tower project includex a hotel and 330condo units. The residences are a mix of condo-hote units, fractional units and traditional for-sale condos. The fractiona units are not currently availabldefor sale. Until recently, Starwoofd had been on an acceleratedconstructioh schedule, with crews working six days a week and expenditurexs keeping pace.
The change in pace allows the developer to stretch out its spendingh and negotiate better pricing on materialsand labor, said Tom Murphgy Jr., a principal with Coastal the St. Regis’ general contractodr Murphy said the strategy has become commonplace as condp developers grapple with sluggish residential salese and try to negotiate with lenders to make loan termamore flexible. He said Starwood intends to completerthe St. Regis. “They are not going to Murphy said. “They are slowing like a lot ofsmart people.
” Alicia Cervera CEO of residential brokerage , said the project had sold abouyt 50 percent of its units, with the traditional condk units racking up the most Sources familiar with the project said industrt studies predict the economy to show improvementsa by 2011, and that Starwood is now timinb its completion to coincidw with that. Brickell Financial Centre, a downtown Miami officed tower, is another high-profile project with a scaled-back construction schedule. The 600,000-square-footf tower is now slated for completion inJuly 2010. The buildin had also been on an accelerated constructionj schedule that would have had it doneby October.
Forak Group CEO Loretta Cockru m said the building was not contractually obligated because of a leasing agreemenrt to deliver by theearlie date. “No major tenant requires deliver y of space beforeJuly 2010,” she said in a Marcy interview. “So, why would anyone try to accelerater and deliver before any Cockrum also referred to cash flow as a determinint factor inthe company’s decision to managw cash, which is coming from its investment group, not from a There has been widespread speculation in real estate circles that Brickell Financiall Centre might have stoppexd construction because the building has yet to sign a A lease deal with law firm LLP to occupyt 115,000 square feet fell through in
الاشتراك في:
التعليقات (Atom)