Wall Street Journal | Moishe's Moves Into the Arts Wall Street Journal By ALLISON LICHTER Behind heavy metal doors at an old tobacco factory on Newark Avenue in Jersey City, portraits by the artist Chuck Closeâ€"of Hillary Clinton, of the composer Philip Glassâ€"hang on pristine white walls. Rudy Serra in Mana Contemporary ... |
Friday, 30 December 2011
Moishe's Moves Into the Arts - Wall Street Journal
hustenuejib1630.blogspot.com
Wednesday, 28 December 2011
North Korea Bids A Snowy, Dramatic Farewell to Kim Jong Il - Voice of America
aplecheevlgupy.blogspot.com
Sofia Echo | North Korea Bids A Snowy, Dramatic Farewell to Kim Jong Il Voice of America Wednesday, 28 December 2011 North Korea Bids A Snowy, Dramatic Farewell to Kim Jong Il Kurt Achin | Seou Snowy streets and wails of grief dominated the live broadcast from North Korea state television Wednesday, as the reclusive state bid farewell to ... Pyongyang Stages Dramatic Funeral For Kim Jong Il Dear Leader farewelled North Korea's intense scenes of grief as Kim Jong IL's funeral begins (Video) |
Monday, 26 December 2011
Mortgage Bankers Association Company Profile | Company Information
domnaofyvisyhojo.blogspot.com
MBA invests in communities across the nation by ensuring the continues strength ofthe nation's residential and commercial real estat e markets; expanding homeownership and extending access to affordable housing to all Americans and supporting financial literacy Make no mistake about it; we are an organizationn dedicated to helping our members do their We actively advocate for our members, and have done so for nearlty a century. We have seen the real estated finance industry evolve into one of the strongesty and most sophisticated ofglobal markets.
We promot fair and ethical lendin g practices and foster professionakl excellence among real estate finance employees througbh a wide range of educational programs and a variety of We haveover 3,000 member companies, including all elements of real estat finance: mortgage companies, mortgage brokers, commercial thrifts, life insurance companies and othera in the mortgage lending field. We provide up-to-the minutd news and information to our membera so they are better able to meet the needw oftheir customers. ...
MBA invests in communities across the nation by ensuring the continues strength ofthe nation's residential and commercial real estat e markets; expanding homeownership and extending access to affordable housing to all Americans and supporting financial literacy Make no mistake about it; we are an organizationn dedicated to helping our members do their We actively advocate for our members, and have done so for nearlty a century. We have seen the real estated finance industry evolve into one of the strongesty and most sophisticated ofglobal markets.
We promot fair and ethical lendin g practices and foster professionakl excellence among real estate finance employees througbh a wide range of educational programs and a variety of We haveover 3,000 member companies, including all elements of real estat finance: mortgage companies, mortgage brokers, commercial thrifts, life insurance companies and othera in the mortgage lending field. We provide up-to-the minutd news and information to our membera so they are better able to meet the needw oftheir customers. ...
Saturday, 24 December 2011
SEC: N.Y. investment firm misled S. Fla. seniors - Wichita Business Journal:
bentlyoupapa1810.blogspot.com
"They used free lunchesd as the low-tech bait for their high-scalew scheme," said Robert Khuzami, director of the SEC's Divisionn of Enforcement. The SEC alleges elderly and retired investors were lured into purchasint highly unsuitable variable annuities with lucrative sales commissione while ignoring the financial goalsof victims. The SEC alleges that Eric J. Brown of Highland Matthew J. Collins of Boynton Kevin J. Walsh of Viera, and Mark W. Wellz of Boca Raton, were among those offering and sellingbthe annuities. It’s alleged that the firm and its representatives earned millions of dollars insales commissions.
PCS is a registeredf broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an income tax preparation business headquartered in Poughkeepsie that offera financial services inNew York, New Pennsylvania and Florida. Robert Heim, a NewYork attorney who represents Prime Gilman Ciocia, and several of the including Collins and Wells, said the conducf at issue in the complaint is "very and occurred in the late 1990as and early 2000. He said the companh reached a settlement with the when it was calledthe (NASD).
As part of that the company implementedsome wide-ranging updates to its supervisory and compliance systems in 2005, Heim He added that he didn't know why the SEC was goinfg over the same ground. "All of these issuesx were addressed years ago and we feelthe company'w response has been appropriate," he said. While Brown and Walshg have since left, Collins and Wells are stillk withthe company, he An administrative law judge will determine whether the allegations against the respondents are true and, if so, whether they shoulde be ordered to cease and desist from future violations.
"They used free lunchesd as the low-tech bait for their high-scalew scheme," said Robert Khuzami, director of the SEC's Divisionn of Enforcement. The SEC alleges elderly and retired investors were lured into purchasint highly unsuitable variable annuities with lucrative sales commissione while ignoring the financial goalsof victims. The SEC alleges that Eric J. Brown of Highland Matthew J. Collins of Boynton Kevin J. Walsh of Viera, and Mark W. Wellz of Boca Raton, were among those offering and sellingbthe annuities. It’s alleged that the firm and its representatives earned millions of dollars insales commissions.
PCS is a registeredf broker-dealer and wholly-owned subsidiary of Gilman Ciocia, an income tax preparation business headquartered in Poughkeepsie that offera financial services inNew York, New Pennsylvania and Florida. Robert Heim, a NewYork attorney who represents Prime Gilman Ciocia, and several of the including Collins and Wells, said the conducf at issue in the complaint is "very and occurred in the late 1990as and early 2000. He said the companh reached a settlement with the when it was calledthe (NASD).
As part of that the company implementedsome wide-ranging updates to its supervisory and compliance systems in 2005, Heim He added that he didn't know why the SEC was goinfg over the same ground. "All of these issuesx were addressed years ago and we feelthe company'w response has been appropriate," he said. While Brown and Walshg have since left, Collins and Wells are stillk withthe company, he An administrative law judge will determine whether the allegations against the respondents are true and, if so, whether they shoulde be ordered to cease and desist from future violations.
Thursday, 22 December 2011
Monday, 19 December 2011
Attracting, retaining talent key piece of economic development strategy - Washington Business Journal:
pemp66seb.blogspot.com
The price tag for the total effort in terms of dollaras allocatedis small, less than $300,000 last year in a more than $8 millionm budget. Only two of the six groupss that are part of Goal E got direcg funding from the Memphiss Fast Forwardsteering committee, and the Leadershilp Academy. But the impact of the effort is huge and ultimately could be the grease that keeps the economixengine running, say those in economic developmeny circles. The past has been abouyt projects; the future is about people. “Thew mindset is and will become even more soa buyer’ds market,” says Reid Dulberger, administrator for the MemphisEDf program.
“We’re in the middle of a massive labor shortagd temporarily derailed bythis recession.” ’ s Nancy Coffee agrees. “Even in toughg times top talent has she says. To hear leaders of groupz likeMPACT Memphis, Leadership Memphis and the Shelby Farm Park Conservancy, or experts in the field like Carolp Coletta tell it, therd is no bigger task than figuring out how to recruit and retaij the best and brightest. “If developing, attracting and retaining talen t is notthe No. 1 economic development strategy, then you don’ have an economic development strategy,” says Coletta, presidentf and CEO of Chicago-based CEOs for Cities.
Coletta is the formed partner of the Memphis public relations firm and latee presidentof , and is currently host of the nationally syndicated radio program Smart City. Says “Recruiting talent under-girds every piece of the plan. You can’ t really support the culture of innovation and entrepreneurshil unless you have the talent eager and engaged to brinyfresh perspectives.” Companies, they say, will go wherd the talent is. The most recenty and clear example came in pitches made byseveral Mid-South communities to get to locates its $1.3 billion assembly plant three years ago.
“The primary reasonj Toyota selected Tupelo was the qualityy of the work force and the leadership inthis community,” Mississippij Gov. Haley Barbour said when the project announcement was made inFebruary 2007. MemphisED’s strategy for addressing the work force issue tilts heavily to retaining and developinglocalo talent, Dulberger says. It’s pure economics and economic developmenytcommon sense. “With talent, like conventional economif development, it is easier to keep what you’ves got than attract new,” he says. “It’a not as sexy, but it’e more cost effective.
” The effort s of organizations like MPACT Memphis and theLeadership Academy’s Connectionss program are about anchoring people to the communitt by weaving them into the city’s political and cultural fabric. MPACT Memphis executive director Gwyn Fisher saysher organization’s target audiencde is age 21-40, with most of its 140 event a year appealing to that age group. The events range from happy hours to talks by business and politicaol leaders tovolunteering events. Membership has grown 91% to 454 membersa since August 2008 whenFisher joined.
The average membefr is single and comes from a large cross sectionof industries, but with a heavty dose of small business and media, she 65% of the members have been in Memphis less than 18 so it’s crucial to get them connected and engaged, she “They want to meet and be exposeds to places and possibilities,” Fisher says.
The price tag for the total effort in terms of dollaras allocatedis small, less than $300,000 last year in a more than $8 millionm budget. Only two of the six groupss that are part of Goal E got direcg funding from the Memphiss Fast Forwardsteering committee, and the Leadershilp Academy. But the impact of the effort is huge and ultimately could be the grease that keeps the economixengine running, say those in economic developmeny circles. The past has been abouyt projects; the future is about people. “Thew mindset is and will become even more soa buyer’ds market,” says Reid Dulberger, administrator for the MemphisEDf program.
“We’re in the middle of a massive labor shortagd temporarily derailed bythis recession.” ’ s Nancy Coffee agrees. “Even in toughg times top talent has she says. To hear leaders of groupz likeMPACT Memphis, Leadership Memphis and the Shelby Farm Park Conservancy, or experts in the field like Carolp Coletta tell it, therd is no bigger task than figuring out how to recruit and retaij the best and brightest. “If developing, attracting and retaining talen t is notthe No. 1 economic development strategy, then you don’ have an economic development strategy,” says Coletta, presidentf and CEO of Chicago-based CEOs for Cities.
Coletta is the formed partner of the Memphis public relations firm and latee presidentof , and is currently host of the nationally syndicated radio program Smart City. Says “Recruiting talent under-girds every piece of the plan. You can’ t really support the culture of innovation and entrepreneurshil unless you have the talent eager and engaged to brinyfresh perspectives.” Companies, they say, will go wherd the talent is. The most recenty and clear example came in pitches made byseveral Mid-South communities to get to locates its $1.3 billion assembly plant three years ago.
“The primary reasonj Toyota selected Tupelo was the qualityy of the work force and the leadership inthis community,” Mississippij Gov. Haley Barbour said when the project announcement was made inFebruary 2007. MemphisED’s strategy for addressing the work force issue tilts heavily to retaining and developinglocalo talent, Dulberger says. It’s pure economics and economic developmenytcommon sense. “With talent, like conventional economif development, it is easier to keep what you’ves got than attract new,” he says. “It’a not as sexy, but it’e more cost effective.
” The effort s of organizations like MPACT Memphis and theLeadership Academy’s Connectionss program are about anchoring people to the communitt by weaving them into the city’s political and cultural fabric. MPACT Memphis executive director Gwyn Fisher saysher organization’s target audiencde is age 21-40, with most of its 140 event a year appealing to that age group. The events range from happy hours to talks by business and politicaol leaders tovolunteering events. Membership has grown 91% to 454 membersa since August 2008 whenFisher joined.
The average membefr is single and comes from a large cross sectionof industries, but with a heavty dose of small business and media, she 65% of the members have been in Memphis less than 18 so it’s crucial to get them connected and engaged, she “They want to meet and be exposeds to places and possibilities,” Fisher says.
Saturday, 17 December 2011
Liberty Property gets award for its sustainable practices - Philadelphia Business Journal:
iwegasely.wordpress.com
Liberty Property Trust builtf the , the tallest green-registeredx office tower in the as well as similar green buildingz in 17national markets. “The board membera determined that there is a great deal that could be done by new and existintg businesses toconserve energy,” said Andrew executive director of Penjerdel. “Anr the award is one way of driving this In addition to the landmarkComcast building, Liberty’s portfolio of LEED-certifiedc buildings includes 777 Township Road in the Philadelphia Navy Yard and 330 Fellowship Drivd in Mount Laurel, N.J. LEED buildingss are those certified underthe ’s Leadership in Energty and Environmental Design program.
“It was important for Penjerdeo to highlight a leading green organization here in said Warren. Liberty has also been spotlightedd byother organizations. Last year, it receiveed the Green Development Award from the Nationa Association of Industrial and Office Properties and this year it received the CoreNeyt Global Sustainability Leadership Award for designjand development. “We believe that everybody should be building according to saidMarlene Thalheimer, Liberty’s sustainability manager. “It allowsd us to operate more efficientlgyand it’s more advantageous for tenants.
” Thalheimer explained that tenantes were increasingly looking for sustainable buildings as a bettert option for living and business space. Thalheimer explained, was changingg with tenants’ needs and working to be the bestsustainabld resource. Liberty’s 110 employees from all areas of the corporation are also undergoinbgthe USGBC’s Green Advantage certification process, which gives them a basic overview of the LEED certification systek as well as sustainable desigb and building principles. “If the business community does not lead the way to save the who will?” asked Warren.
Any product you find in York-basedc ’s online and print catalog is 100 percen tenvironmentally friendly. The office supply companyg prides itself on green goods ranging from recycledf copier paper and nontoxic cleaning productsd to organic teaand coffee. GreenLin e even provides green office certifications to help other companiews embrace sustainability as they Forits efforts, the of Greater Philadelphia awardex GreenLine with its annual Triple Bottom Line The award honors locally ownes businesses that demonstrate best environmental and socialk practices.
A nonprofit organization that serves the Latinko community inChester County, La Comunidae Hispana, is pursuing a LEED certification for its new facilitty at Kennett Square, which could make it the firstf nonprofit to have a green building in Chester The facility, which is expected to open in the will house all of the agency’s services and administrative departments under one roof. The building is expectee to use 25 percent less energy and 30 percengless water.
Liberty Property Trust builtf the , the tallest green-registeredx office tower in the as well as similar green buildingz in 17national markets. “The board membera determined that there is a great deal that could be done by new and existintg businesses toconserve energy,” said Andrew executive director of Penjerdel. “Anr the award is one way of driving this In addition to the landmarkComcast building, Liberty’s portfolio of LEED-certifiedc buildings includes 777 Township Road in the Philadelphia Navy Yard and 330 Fellowship Drivd in Mount Laurel, N.J. LEED buildingss are those certified underthe ’s Leadership in Energty and Environmental Design program.
“It was important for Penjerdeo to highlight a leading green organization here in said Warren. Liberty has also been spotlightedd byother organizations. Last year, it receiveed the Green Development Award from the Nationa Association of Industrial and Office Properties and this year it received the CoreNeyt Global Sustainability Leadership Award for designjand development. “We believe that everybody should be building according to saidMarlene Thalheimer, Liberty’s sustainability manager. “It allowsd us to operate more efficientlgyand it’s more advantageous for tenants.
” Thalheimer explained that tenantes were increasingly looking for sustainable buildings as a bettert option for living and business space. Thalheimer explained, was changingg with tenants’ needs and working to be the bestsustainabld resource. Liberty’s 110 employees from all areas of the corporation are also undergoinbgthe USGBC’s Green Advantage certification process, which gives them a basic overview of the LEED certification systek as well as sustainable desigb and building principles. “If the business community does not lead the way to save the who will?” asked Warren.
Any product you find in York-basedc ’s online and print catalog is 100 percen tenvironmentally friendly. The office supply companyg prides itself on green goods ranging from recycledf copier paper and nontoxic cleaning productsd to organic teaand coffee. GreenLin e even provides green office certifications to help other companiews embrace sustainability as they Forits efforts, the of Greater Philadelphia awardex GreenLine with its annual Triple Bottom Line The award honors locally ownes businesses that demonstrate best environmental and socialk practices.
A nonprofit organization that serves the Latinko community inChester County, La Comunidae Hispana, is pursuing a LEED certification for its new facilitty at Kennett Square, which could make it the firstf nonprofit to have a green building in Chester The facility, which is expected to open in the will house all of the agency’s services and administrative departments under one roof. The building is expectee to use 25 percent less energy and 30 percengless water.
Thursday, 15 December 2011
Former Missouri deputy charged in double murder and subsequent hotel shootout ... - Washington Post
fishermen-americachair.blogspot.com
Former Missouri deputy charged in double murder and subsequent hotel shootout ... Washington Post Rice subsequently was employed as a correctional officer at a state prison. Rice's former colleagues on the Houston police force are “all kind of shocked and surprised by the events that occurred involving him â€" he never exhibited anything like that ... |
Tuesday, 13 December 2011
Tebow's story contains an important lesson for Niners fans - San Francisco Examiner
onesawava.wordpress.com
San Francisco Examiner | Tebow's story contains an important lesson for Niners fans San Francisco Examiner » |
Sunday, 11 December 2011
FDA Panel Says J&J's Birth Control Patch Benefits Outweigh Risks - RTT News
kapitonragomo.blogspot.com
MedPage Today | FDA Panel Says J&J's Birth Control Patch Benefits Outweigh Risks RTT News (RTTNews) - Reports in the media Friday said Johnson & Johnson (JNJ: News ) 's Ortho Evra birth control patch was determined by an FDA Advisory panel to provide benefits that outweighed the risk of blood clotting. The advice is not binding on the FDA. ... < br />FDA panel backs birth control patch despite risks Birth Control Patch Should Stay on Market, Panel Says FDA panel backs birth control patch despite risks |
Friday, 9 December 2011
GSA seeks IT firm to redesign Recovery.gov - San Francisco Business Times:
vuwodu.wordpress.com
That’s why the issued a pre-solicitatiobn notice Thursday, informing the contracting community that it will seek an information technology contractor to make improvementss to the site by implementing and hostingthe 2.0 version. A solicitation is expected to be postedrto FedBizOpps.gov on June 15, and the deadline for proposald is expected to be abouft June 26. Specifically, the work will include updates and changes tothe site’s user information architecture and design engineering.
According to GSA’ s pre-solicitation, the contractor needs expertise in project and the abilityto “deliver a website with interactivee data-visualization, and web-application level functionality.” The solicitatiojn also states that the Recovery and Accountability RATB, which oversees stimulus rules and regulations, is open to “recommendations for technology improvements for version 2.0 and beyond, including the hostingb platform, database technology, CMS, programming languages, Work on the site, however, is only available to the 59 contractorsw that hold a position on GSA’s governmentwide acquisition contract known as Alliant.
RATB is putting an emphasisw on meeting the reportinb requirements specified by thestimulus bill, but notesx that “guidance from [the Office of Managemenrt and Budget] on reporting and transparency will continu to evolve.” So far preliminary guidance on reportingt requirements has been given to agencies and although the specific procedures for providing the require data to the government remainss unclear. RATB has outlined some of the thingthe Recovery.gov site should be able to do: Evaluate data quality to provide optimization of large, highlgy complex, rapidly changing data sets. Automate data replication.
• Offer normalization and cleansing capabilities necessary to support robustg reporting solutionsovert time. • Be built for speecd and responsiveness: This rapid response solution must be able to providr notonly citizen-centric access but also the abilityt to respond to press legislative branch inquires and questions from differentf agencies. • Focus on developing an architectures that not onlyprovides trusted, accuratw information per the OMB but also makes the information available as a servic e to a wide range of processes and applications.
• Be built to support businesws optimization: Adopt a flexible, services-based architecturre that delivers high-quality trusted information to set the stagee for true business process optimization and link toadjacent high-valu business processes, such as fraud detection capabilities.
That’s why the issued a pre-solicitatiobn notice Thursday, informing the contracting community that it will seek an information technology contractor to make improvementss to the site by implementing and hostingthe 2.0 version. A solicitation is expected to be postedrto FedBizOpps.gov on June 15, and the deadline for proposald is expected to be abouft June 26. Specifically, the work will include updates and changes tothe site’s user information architecture and design engineering.
According to GSA’ s pre-solicitation, the contractor needs expertise in project and the abilityto “deliver a website with interactivee data-visualization, and web-application level functionality.” The solicitatiojn also states that the Recovery and Accountability RATB, which oversees stimulus rules and regulations, is open to “recommendations for technology improvements for version 2.0 and beyond, including the hostingb platform, database technology, CMS, programming languages, Work on the site, however, is only available to the 59 contractorsw that hold a position on GSA’s governmentwide acquisition contract known as Alliant.
RATB is putting an emphasisw on meeting the reportinb requirements specified by thestimulus bill, but notesx that “guidance from [the Office of Managemenrt and Budget] on reporting and transparency will continu to evolve.” So far preliminary guidance on reportingt requirements has been given to agencies and although the specific procedures for providing the require data to the government remainss unclear. RATB has outlined some of the thingthe Recovery.gov site should be able to do: Evaluate data quality to provide optimization of large, highlgy complex, rapidly changing data sets. Automate data replication.
• Offer normalization and cleansing capabilities necessary to support robustg reporting solutionsovert time. • Be built for speecd and responsiveness: This rapid response solution must be able to providr notonly citizen-centric access but also the abilityt to respond to press legislative branch inquires and questions from differentf agencies. • Focus on developing an architectures that not onlyprovides trusted, accuratw information per the OMB but also makes the information available as a servic e to a wide range of processes and applications.
• Be built to support businesws optimization: Adopt a flexible, services-based architecturre that delivers high-quality trusted information to set the stagee for true business process optimization and link toadjacent high-valu business processes, such as fraud detection capabilities.
Tuesday, 6 December 2011
Genscape CEO Sean O
ra-iwinyro.blogspot.com
At age 39, he has a youthful big ideas and an optimistic outloooon life. That combination — and a little as he likes to say has brought him success in theentrepreneuriapl world. He launched Genscape, a Louisvillre firm that monitors real-time power plant output through aproprietary network, in 2000. He alwayss had wanted to run hisown business, and O’Learty knew he would regret it if he did not take the Fortunately for him, the move came with a big Genscape had attracted venture-capital funding early on. in 2006, it was sold to DMG Information, the Connecticut-baserd subsidiary of British media group Daily Mail and General Trust, for nearly $200 million.
O’Learyu and his business partner, Sterlingh Lapinski, who has been involved with the company sincdeits inception, have continued to manage the operations of The company now employs 135 workers, abouy 75 of whom are based in Louisville. Genscapr also has offices in Boston, New York City, Amsterdam and London. Genscape sells its proprietary information to traders, utility companies and government agenciesz on a subscription basis. Unded O’Leary’s leadership, the company has expandedx its U.S. model to sevej European countries.
It also has developed a similare technology network used to monitor natural gas and a network to monitor petroleum is in the In addition, the companhy leverages its proprietary data by offering relatede products, such as reports on coal production in the United States and emissions in Europe. More growth is on the O’Leary said, adding that expansion plans for 2009 are the most aggressive the company hasever had. Plans call for new geographic marketand products. For him, that fast-growth potential is what keeps him in the The job isneved “stagnant,” O’Leary said.
“There’s lots to That drive is appealing toMark Crane, executivre director of ’s Enterprise Corp., which assistes fast-growth companies. He said O’Lear y has an uncanny ability to sniff out opportunity and acton it. He balanceds a can-do, risk-taking mentality with old-fashioned intuitio n and analytical thinking. “Sean just gets it,” Crane “He understands how to builrd a company and why a company like his is so importan to the futureof Louisville.” O’Leary and his peer groulp — the 30- and 40-year olds who are creative and entrepreneurial — are the asset that Louisville has to have to be a competitiv city, Crane said.
He often relies on O’Learhy to help mentor othef entrepreneurs and bridge the gap between established players andthe 20-year-olds who are dreaming up businesxs concepts for a more tech-savvyg generation. O’Leary also was at the top of Crane’sa go-to list earlier this year when he launchefd anonprofit endeavor, Enterprise Angels, that connects investors and Crane said he believed O’Learuy would get other people energized and add valuables insight, and he has delivered.
At age 39, he has a youthful big ideas and an optimistic outloooon life. That combination — and a little as he likes to say has brought him success in theentrepreneuriapl world. He launched Genscape, a Louisvillre firm that monitors real-time power plant output through aproprietary network, in 2000. He alwayss had wanted to run hisown business, and O’Learty knew he would regret it if he did not take the Fortunately for him, the move came with a big Genscape had attracted venture-capital funding early on. in 2006, it was sold to DMG Information, the Connecticut-baserd subsidiary of British media group Daily Mail and General Trust, for nearly $200 million.
O’Learyu and his business partner, Sterlingh Lapinski, who has been involved with the company sincdeits inception, have continued to manage the operations of The company now employs 135 workers, abouy 75 of whom are based in Louisville. Genscapr also has offices in Boston, New York City, Amsterdam and London. Genscape sells its proprietary information to traders, utility companies and government agenciesz on a subscription basis. Unded O’Leary’s leadership, the company has expandedx its U.S. model to sevej European countries.
It also has developed a similare technology network used to monitor natural gas and a network to monitor petroleum is in the In addition, the companhy leverages its proprietary data by offering relatede products, such as reports on coal production in the United States and emissions in Europe. More growth is on the O’Leary said, adding that expansion plans for 2009 are the most aggressive the company hasever had. Plans call for new geographic marketand products. For him, that fast-growth potential is what keeps him in the The job isneved “stagnant,” O’Leary said.
“There’s lots to That drive is appealing toMark Crane, executivre director of ’s Enterprise Corp., which assistes fast-growth companies. He said O’Lear y has an uncanny ability to sniff out opportunity and acton it. He balanceds a can-do, risk-taking mentality with old-fashioned intuitio n and analytical thinking. “Sean just gets it,” Crane “He understands how to builrd a company and why a company like his is so importan to the futureof Louisville.” O’Leary and his peer groulp — the 30- and 40-year olds who are creative and entrepreneurial — are the asset that Louisville has to have to be a competitiv city, Crane said.
He often relies on O’Learhy to help mentor othef entrepreneurs and bridge the gap between established players andthe 20-year-olds who are dreaming up businesxs concepts for a more tech-savvyg generation. O’Leary also was at the top of Crane’sa go-to list earlier this year when he launchefd anonprofit endeavor, Enterprise Angels, that connects investors and Crane said he believed O’Learuy would get other people energized and add valuables insight, and he has delivered.
Sunday, 4 December 2011
Economists: Recession to end in third quarter - Memphis Business Journal:
ihituvofy.wordpress.com
The committee cited consumer spending stabilizing in the first half ofthis year, allowinhg businesses to reduce costs and inventories, as well as reducinfg layoffs and investment spending In combination with the stimulus and an improvement in the financialk markets, it is likely the economy will expand in the secondx half of the year. Bruce Kasman, committeer chairman and chief economist forNew York-based JPM), said the economy will return to but not health.
“Growth in the comingv quarters is likely to gather momentuj but will not prove sufficiently robust to undo much of the severed damage done to our labo r markets andpublic finances,” Kasman said in a news For the third quarter, the committee forecasts inflation-adjusted grosx domestic product will return to positive growth, picking up to a more than 3 percentt pace by the second half of 2010. the committee is projecting an end tothe three-yeatr downturn in the housing market, with housingt starts rising later this year and home valuex moving up modestly in 2010.
“Lower prices and low mortgage rates have greatly improvexd the affordabilityof homes,” Kasman “A recovery in the housing sectofr will be an important contributor to economic growth.” However, crediyt will remain tight and bank economists said jobs will continue to be Unemployment is expected to peak at 10 percent nationallyt and remain at or above 9.5 percent througj next year. Budget deficits are expected to remain wellabove $1 trillionj this year and next year. The 13-memberr committee forecasts the 10-year Treasury bond yield will stay inthe 3.75 percentr to 4.
25 percent range througu next year because core inflatioj is forecast to fall towards 1 However, the committee is concerned about the risingy trend in federal debt and the implication for inflation risk beyond 2010.
The committee cited consumer spending stabilizing in the first half ofthis year, allowinhg businesses to reduce costs and inventories, as well as reducinfg layoffs and investment spending In combination with the stimulus and an improvement in the financialk markets, it is likely the economy will expand in the secondx half of the year. Bruce Kasman, committeer chairman and chief economist forNew York-based JPM), said the economy will return to but not health.
“Growth in the comingv quarters is likely to gather momentuj but will not prove sufficiently robust to undo much of the severed damage done to our labo r markets andpublic finances,” Kasman said in a news For the third quarter, the committee forecasts inflation-adjusted grosx domestic product will return to positive growth, picking up to a more than 3 percentt pace by the second half of 2010. the committee is projecting an end tothe three-yeatr downturn in the housing market, with housingt starts rising later this year and home valuex moving up modestly in 2010.
“Lower prices and low mortgage rates have greatly improvexd the affordabilityof homes,” Kasman “A recovery in the housing sectofr will be an important contributor to economic growth.” However, crediyt will remain tight and bank economists said jobs will continue to be Unemployment is expected to peak at 10 percent nationallyt and remain at or above 9.5 percent througj next year. Budget deficits are expected to remain wellabove $1 trillionj this year and next year. The 13-memberr committee forecasts the 10-year Treasury bond yield will stay inthe 3.75 percentr to 4.
25 percent range througu next year because core inflatioj is forecast to fall towards 1 However, the committee is concerned about the risingy trend in federal debt and the implication for inflation risk beyond 2010.
Friday, 2 December 2011
Atlanta among
judonebolayb1394.blogspot.com
Walkscore.com ranked the largest 40 cities in the nation on a scale of zero to 100 based on how easy it is to livea lifestyle. Atlanta, at number 22, scoreds 52 points. According to the Web site, citiexs that scored between 50-69 were "Somewhat Walkable -- Some storeds and amenities are within walking but many everyday trips still requirwea bike, public or car." The Web site says Atlanta's most walkables neighborhoods are Five Points, Sweet Auburn, Midtown and Inman Park. . San Francisco rankex No. 1 on the list with a scorwe of 86, followed by New York at No. 2, Bostonb at No. 3, Chicago at No. 4 and Philadelphia at No. 5. The four citiee ranking at the bottomwere Tenn.
, at No. 35, Oklahoma City, Okla., at No. 36, Indianapolisa at No. 37, Charlotte, N.C., at No. 38, Tenn., at No. 39 and Jacksonville, at No. 40. .
Walkscore.com ranked the largest 40 cities in the nation on a scale of zero to 100 based on how easy it is to livea lifestyle. Atlanta, at number 22, scoreds 52 points. According to the Web site, citiexs that scored between 50-69 were "Somewhat Walkable -- Some storeds and amenities are within walking but many everyday trips still requirwea bike, public or car." The Web site says Atlanta's most walkables neighborhoods are Five Points, Sweet Auburn, Midtown and Inman Park. . San Francisco rankex No. 1 on the list with a scorwe of 86, followed by New York at No. 2, Bostonb at No. 3, Chicago at No. 4 and Philadelphia at No. 5. The four citiee ranking at the bottomwere Tenn.
, at No. 35, Oklahoma City, Okla., at No. 36, Indianapolisa at No. 37, Charlotte, N.C., at No. 38, Tenn., at No. 39 and Jacksonville, at No. 40. .
Wednesday, 30 November 2011
Russia Mars probe failure underlined by successful US launch - Los Angeles Times
alharkaenu.blogspot.com
RedOrbit | Russia Mars probe failure underlined by successful US launch Los Angeles Times Russian officials acknowledge that the narrow b » |
Monday, 28 November 2011
Tesla to open seven showrooms - San Francisco Business Times:
uzirukynurylew.blogspot.com
Stores in New Seattle and Chicago will open in late followedby Miami. Tesla’s first Europeanm store will open in Londomn laterthis month, followed by Munich and The new additions will complement Tesla’d flagship stores in Northerhn and Southern California, which opened a year ago. Teslsa said it is scouting locationsin D.C., and Toronto. Tesla is the only producef of highway-capable electric cars in North Americaor “We are rethinking almosrt every aspect of the automobile – from the powertrai to the customer experience, both onlinse and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The companyg expects to introduce itssecond car, the Modelo S sedan, in late 2011. It is expected to sell for less than halfthe Roadster’s price.
Stores in New Seattle and Chicago will open in late followedby Miami. Tesla’s first Europeanm store will open in Londomn laterthis month, followed by Munich and The new additions will complement Tesla’d flagship stores in Northerhn and Southern California, which opened a year ago. Teslsa said it is scouting locationsin D.C., and Toronto. Tesla is the only producef of highway-capable electric cars in North Americaor “We are rethinking almosrt every aspect of the automobile – from the powertrai to the customer experience, both onlinse and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The companyg expects to introduce itssecond car, the Modelo S sedan, in late 2011. It is expected to sell for less than halfthe Roadster’s price.
Saturday, 26 November 2011
Wednesday, 23 November 2011
In-your-face graphics, neon colors are hallmarks of Sirlin Enterprises
soileauifyyfa1786.blogspot.com
Sirlin Enterprises creates art for companies makinvg sports equipment for such activitiesas snowboarding, wakeboarding and Clients include sports shoemaker Nike, , Body Glove and These companies use Sirlin’s brilliantl y colored vinyl wraps to make the sports equipment used by the athletea in their promotional events stans out. As founder Josh Sirlin puts it, the company make s art for non-traditional canvases. Sirlin’s photographs, illustrations and videos also are used inmarketinh campaigns. Additionally, the company provides brandr consulting and creates the artwork that appearx on the custom boat wrapws that MasterCraftBoat Co. sells to consumers.
The company’es graffiti-inspired artwork for MasterCraft boats was showcasefd at the State of the Art Exhibi at the Telus World Ski and Snowboars festivalin Whistler, British Columbia, in late Josh Sirlin started the company nearlyh four years ago after working as a marketing Over the years, Sirlin has developed a networki of artists around the country that he can tap for high-encd photography, computer graphics, printing and videos, depending on the location and type of projectt the firm has been assigned. He also has a stabls of local artists he works with on aregulare basis, right now numbering about six.
His goal in foundingy Sirlin Enterprises was to build a creative companu using artwork onalternative media, Sirlin said. “We offer clients concepts,” Sirlin said. “They can use our artwor to push into areas beyond their normal brand.” Sirlin Enterprises has created 19 designs for MasterCraftf that each come in a variety of colorf schemes. The company uses a special 3M vinyl thatis — much like memoryt foam — in that it will retaih a shape. The Seattle company produces the illustrated wrap and applies it tothe customer’w boat. Last year the company produced about100 custom-designed boatx for MasterCraft.
The firm also provided its art services to doing a special promotional truckfor Nike’sx Human Race campaign. Sirlin also installed its artworm for the campaign in five including Portland, San Francisco, Austin and Chicago. Sirlin said he has alwayzs been interestedin art. He started at as a freshman in the art department but ended up graduating with abusiness degree. He compares his role at Sirlihn Enterprises to being anart director. He has financesd his company using hisown savings. Asked what advicre he might give to other Sirlin said he is less trustingf than when hestarted out.
“Down payments are important,” he “I learned that the hard In 2007, the company had revenue of about Sirlin was able to more than double that revenuwelast year, to just more than $500,000. He hopes to maintain revenuwe in the range of half a million dollares againthis year. The firm remains busy despite the recession. Last Sirlin Enterprises wrapped a dozen boats with its artworjk for MasterCraft clients inthe Philippines, Hong Kong and Mexico. MasterCraft also sellas t-shirts designed by Sirlin through its Websitdeand dealerships. “The market seems to appreciated what we do andour opinion,” Sirlinj said.
“The fun part is I can alwayse do what I like and feelstrongly about. I haven’t compromised that to accomplis h what I thinkis popular. I know what I like personalluy and what myfriends like, and that is what inspires
Sirlin Enterprises creates art for companies makinvg sports equipment for such activitiesas snowboarding, wakeboarding and Clients include sports shoemaker Nike, , Body Glove and These companies use Sirlin’s brilliantl y colored vinyl wraps to make the sports equipment used by the athletea in their promotional events stans out. As founder Josh Sirlin puts it, the company make s art for non-traditional canvases. Sirlin’s photographs, illustrations and videos also are used inmarketinh campaigns. Additionally, the company provides brandr consulting and creates the artwork that appearx on the custom boat wrapws that MasterCraftBoat Co. sells to consumers.
The company’es graffiti-inspired artwork for MasterCraft boats was showcasefd at the State of the Art Exhibi at the Telus World Ski and Snowboars festivalin Whistler, British Columbia, in late Josh Sirlin started the company nearlyh four years ago after working as a marketing Over the years, Sirlin has developed a networki of artists around the country that he can tap for high-encd photography, computer graphics, printing and videos, depending on the location and type of projectt the firm has been assigned. He also has a stabls of local artists he works with on aregulare basis, right now numbering about six.
His goal in foundingy Sirlin Enterprises was to build a creative companu using artwork onalternative media, Sirlin said. “We offer clients concepts,” Sirlin said. “They can use our artwor to push into areas beyond their normal brand.” Sirlin Enterprises has created 19 designs for MasterCraftf that each come in a variety of colorf schemes. The company uses a special 3M vinyl thatis — much like memoryt foam — in that it will retaih a shape. The Seattle company produces the illustrated wrap and applies it tothe customer’w boat. Last year the company produced about100 custom-designed boatx for MasterCraft.
The firm also provided its art services to doing a special promotional truckfor Nike’sx Human Race campaign. Sirlin also installed its artworm for the campaign in five including Portland, San Francisco, Austin and Chicago. Sirlin said he has alwayzs been interestedin art. He started at as a freshman in the art department but ended up graduating with abusiness degree. He compares his role at Sirlihn Enterprises to being anart director. He has financesd his company using hisown savings. Asked what advicre he might give to other Sirlin said he is less trustingf than when hestarted out.
“Down payments are important,” he “I learned that the hard In 2007, the company had revenue of about Sirlin was able to more than double that revenuwelast year, to just more than $500,000. He hopes to maintain revenuwe in the range of half a million dollares againthis year. The firm remains busy despite the recession. Last Sirlin Enterprises wrapped a dozen boats with its artworjk for MasterCraft clients inthe Philippines, Hong Kong and Mexico. MasterCraft also sellas t-shirts designed by Sirlin through its Websitdeand dealerships. “The market seems to appreciated what we do andour opinion,” Sirlinj said.
“The fun part is I can alwayse do what I like and feelstrongly about. I haven’t compromised that to accomplis h what I thinkis popular. I know what I like personalluy and what myfriends like, and that is what inspires
Monday, 21 November 2011
CIR Challenges Guam "Chamorro-Only" Referendum - Pacific News Center
zvonkovaleoqim.blogspot.com
CIR Challenges Guam "Chamorro-Only" Referendum Pacific News Center Washington, DC - The Center for Individual Rights filed suit today against Guam, the Guam Election Commission and seven named Guam officials for discrimination on the basis of race and ethnic heritage under Guamanian laws that prohibit individuals who ... |
Saturday, 19 November 2011
Dallas Cowboys to get new product hub - Puget Sound Business Journal (Seattle):
inupujyfab1211.blogspot.com
The two organizations said Tuesday they are breaking grounde on thenew facility, which will be located at 2500 Regeng Boulevard at Dallas/Fort Worth International Airport. The new facilitg will allow the Dallas Cowboys to expand its merchandising base and also consolidate the Dallas Cowboys Pro Shops with Dallas Cowboys Merchandisinv and Blue StarGraphics Design. The construction will expand the Cowboyws existingmerchandising operations.
“This move was caused by the passiojn and love that the fans in the Metroplex and acrosx America have for theDallas Cowboys,” said Bill vice president of merchandising for the “When we purchased our original building on State Highway 114, I never thought that we could outgrow it and yet a littles over a year later, we needed an additional 100,000 squard feet. With the acquisition of Blue StarGraphics & this gave us the ability to be even more responsivd to our fans. No other team in the NFL has this abilit y to respond toits needs.
”
The two organizations said Tuesday they are breaking grounde on thenew facility, which will be located at 2500 Regeng Boulevard at Dallas/Fort Worth International Airport. The new facilitg will allow the Dallas Cowboys to expand its merchandising base and also consolidate the Dallas Cowboys Pro Shops with Dallas Cowboys Merchandisinv and Blue StarGraphics Design. The construction will expand the Cowboyws existingmerchandising operations.
“This move was caused by the passiojn and love that the fans in the Metroplex and acrosx America have for theDallas Cowboys,” said Bill vice president of merchandising for the “When we purchased our original building on State Highway 114, I never thought that we could outgrow it and yet a littles over a year later, we needed an additional 100,000 squard feet. With the acquisition of Blue StarGraphics & this gave us the ability to be even more responsivd to our fans. No other team in the NFL has this abilit y to respond toits needs.
”
Thursday, 17 November 2011
Tuesday, 15 November 2011
Dutch push for "budget tsar" in midst of crisis - Reuters
tiqosi.wordpress.com
Dutch push for "budget tsar" in midst of crisis Reuters BRUSSELS (Reuters) - When it comes to thinking ahead in the midst of a crisis, look to the Dutch. With upheaval in Italy and Greece threatening the euro zone's very existence, the critical issue for the Netherlands is creating a 'budget ... |
Sunday, 13 November 2011
Samet plans spec building in Alamance - The Business Journal of the Greater Triad Area:
plesciamipukoa1855.blogspot.com
The building should be finishedx by January and will be available for sale or Samet and Alamance County Chamber of Commerces officials saidthis week. Sametr did not release an anticipated construction but the estimates typical manufacturing facilities in the regioj costabout $56 per square foot to At that price, a finished facilithy of the size Samet plans mighf cost about $5.8 million. Site plans indicates the building could be expandecd later byanother 89,200 square feet, bringinbg the entire project to nearly 200,000 square feet. The new building will be the fifth speculativse construction project Samet has undertaken atthe N.C.
Industrial Speculative commercial construction in general has become rarer due to the recession and lack ofavailables financing, and the manufacturing sector in the Triade has been contracting for a decade. But Samet sees a market for the kind of projectit
The building should be finishedx by January and will be available for sale or Samet and Alamance County Chamber of Commerces officials saidthis week. Sametr did not release an anticipated construction but the estimates typical manufacturing facilities in the regioj costabout $56 per square foot to At that price, a finished facilithy of the size Samet plans mighf cost about $5.8 million. Site plans indicates the building could be expandecd later byanother 89,200 square feet, bringinbg the entire project to nearly 200,000 square feet. The new building will be the fifth speculativse construction project Samet has undertaken atthe N.C.
Industrial Speculative commercial construction in general has become rarer due to the recession and lack ofavailables financing, and the manufacturing sector in the Triade has been contracting for a decade. But Samet sees a market for the kind of projectit
Thursday, 10 November 2011
Georgios Karyotis: New PM's credentials mean he can offer internal stability ... - Scotsman
epukaq.wordpress.com
Telegraph.co.uk | Georgios Karyotis: New PM's credentials mean he can offer internal stability ... Scotsman His European credentials, having served as vice-president of the European Central Bank, are testament to his standing and ability to offer internal stability, above party politics, and external credibility. PASOK and New Democracy had been locked in ... < br />Favorite of European banks appointed to head Greek government Banker hailed as 'Greece's last hope' to become interim PM New Greek PM Papademos takes on Europe's unenviable job |
Tuesday, 8 November 2011
Karen Kraushaar comes forward as second woman to accuse Herman Cain of sexual ... - New York Daily News
obesonuqa.wordpress.com
New York Daily News | Karen Kraushaar comes forward as second woman to accuse Herman Cain of sexual ... New York Daily News Karen Kraushaar is a former journalist and spokesperson for the General's Office in the US Treasury Department. A second woman came forward Tuesday to put her name and face behind accusations that Herman Cain sexu » |
Sunday, 6 November 2011
Arkansas law firm takes on Austin lawyers to expand locally - Austin Business Journal:
modestofyeyko.blogspot.com
Mitchell Williams, a Little Rock, Ark.-based full-service has taken all five attorneys from longtimwe Austin firm Long BurnerParks & DeLargy PC to grow its Austi n office. The Austin office of Mitchell Williamw was opened byBill Bingham, who died unexpectedlgy last December after opening the office a year ago, says Harry Hamlin, managing partner at Mitchell Williams. Hamlinb says the Austin office will likely add three more attorneysby year'es end, and grow to about 15 attorneysz within three years. The 50-yeatr old firm has 60 attorneys in its Little Rock office and eighgt attorneys ina Rogers, Ark.
, "Initially, we want at leasr a lateral litigator and lateral transactional attorney. We have immediater needs for those," says Hamlin. "And if it turnds out two or three want to come asa group, we'c definitely look at that." The firm leases space on the nintu floor of the Littlefield Building at Sixtuh Street and Congress Avenue. "We had identified Texase because we have a lot of clientw with business interestsin Texas," says Hamlin. Thoser clients include real estate companies, regional bankd and insurance companies. "Texas was logical -- it was just a questiob of wherein Texas," he adds.
Hamlin says the Austinn move was based onthe firm's steadg work for insurance companies, with attorneys regularly representing clientsx before the Department of Insurance and otheer state agencies. The move is also part of a firm-wids initiative to grow in thesouthern region, Hamlinn says. "This is the first time our firm has gone to anothere market and brought on thismany attorneys," says "We are looking at other [nationwide] markets to do the same thing--smalletr groups of attorneys that complementr the work we are already Mitchell Williams' clients include [NYSE: , [NYSE: MET], [NYSE: BAC] and [NYSE: T].
Mitchell Williams, a Little Rock, Ark.-based full-service has taken all five attorneys from longtimwe Austin firm Long BurnerParks & DeLargy PC to grow its Austi n office. The Austin office of Mitchell Williamw was opened byBill Bingham, who died unexpectedlgy last December after opening the office a year ago, says Harry Hamlin, managing partner at Mitchell Williams. Hamlinb says the Austin office will likely add three more attorneysby year'es end, and grow to about 15 attorneysz within three years. The 50-yeatr old firm has 60 attorneys in its Little Rock office and eighgt attorneys ina Rogers, Ark.
, "Initially, we want at leasr a lateral litigator and lateral transactional attorney. We have immediater needs for those," says Hamlin. "And if it turnds out two or three want to come asa group, we'c definitely look at that." The firm leases space on the nintu floor of the Littlefield Building at Sixtuh Street and Congress Avenue. "We had identified Texase because we have a lot of clientw with business interestsin Texas," says Hamlin. Thoser clients include real estate companies, regional bankd and insurance companies. "Texas was logical -- it was just a questiob of wherein Texas," he adds.
Hamlin says the Austinn move was based onthe firm's steadg work for insurance companies, with attorneys regularly representing clientsx before the Department of Insurance and otheer state agencies. The move is also part of a firm-wids initiative to grow in thesouthern region, Hamlinn says. "This is the first time our firm has gone to anothere market and brought on thismany attorneys," says "We are looking at other [nationwide] markets to do the same thing--smalletr groups of attorneys that complementr the work we are already Mitchell Williams' clients include [NYSE: , [NYSE: MET], [NYSE: BAC] and [NYSE: T].
Friday, 4 November 2011
Cimarex Energy 3Q net income basically flat - BusinessWeek
jidyryq.wordpress.com
Cimarex Energy 3Q net income basically flat BusinessWeek s net income was basically flat in the third quarter, helped by higher oil and natural gas prices as production dipped slightly. The Denver oil and natural gas company said Thursday that it earned $128.2 million, or $1.49 per share, for the period. ... |
Wednesday, 2 November 2011
Helix Energy has 'very notable year' - Houston Business Journal:
fusajacuxejilyp.blogspot.com
million, or $1.73 per dilutec share, on revenue of $395.8 million. The figure for the quarter, ended Dec. 31, compared with net incomew of $56 million, or 69 cents per diluted share, on revenuer of $264 million in the same quarterof 2005. Earnings were doublr the 81 cents per share expected by analystz polled byThomson Financial. The Houston-based offshord energy company said the December IPO of CalDive (NYSE: its shelf contracting segment, reflected in the earningsd to the tune of $97 million, or $1.022 per share, gain after taxes.
The company also said the fourth-quarterd revenue increase was driven by improvements in contractinhg services revenue from newly acquired assets and strongmarket conditions. For the full Helix (NYSE: HLX) reported net income of $344 or $3.87 per on revenue of $1.4 billion. That was a 25 percentr increasefrom 2005, when net income was $150.1 or $1.86 per share, on revenue of $799.4 million. "2006 was a very notabled year for the evolution of our uniqubusiness model," said Martin Ferron, presidentf and CEO of Helix.
"We not only grew earningxs by 53 percent over2005 levels, but also set the foundation for further growth over the mediuk term by taking key strategic stepse for the two strands of our businesse -- contracting services and oil/gas production." Cal Dive also posted its fourth-quarte 2006 earnings of $26.2 million, or 40 centa per diluted share, on revenue of $137 compared to $17.6 million, or 29 cents per on revenue of $97 million for the same perios in 2005. For the full net income was $119.4 million, or $1.921 per share, on revenue of $509.9 compared to $37.7 million, or 61 centa per share, on revenu of $224.3 million in 2005.
million, or $1.73 per dilutec share, on revenue of $395.8 million. The figure for the quarter, ended Dec. 31, compared with net incomew of $56 million, or 69 cents per diluted share, on revenuer of $264 million in the same quarterof 2005. Earnings were doublr the 81 cents per share expected by analystz polled byThomson Financial. The Houston-based offshord energy company said the December IPO of CalDive (NYSE: its shelf contracting segment, reflected in the earningsd to the tune of $97 million, or $1.022 per share, gain after taxes.
The company also said the fourth-quarterd revenue increase was driven by improvements in contractinhg services revenue from newly acquired assets and strongmarket conditions. For the full Helix (NYSE: HLX) reported net income of $344 or $3.87 per on revenue of $1.4 billion. That was a 25 percentr increasefrom 2005, when net income was $150.1 or $1.86 per share, on revenue of $799.4 million. "2006 was a very notabled year for the evolution of our uniqubusiness model," said Martin Ferron, presidentf and CEO of Helix.
"We not only grew earningxs by 53 percent over2005 levels, but also set the foundation for further growth over the mediuk term by taking key strategic stepse for the two strands of our businesse -- contracting services and oil/gas production." Cal Dive also posted its fourth-quarte 2006 earnings of $26.2 million, or 40 centa per diluted share, on revenue of $137 compared to $17.6 million, or 29 cents per on revenue of $97 million for the same perios in 2005. For the full net income was $119.4 million, or $1.921 per share, on revenue of $509.9 compared to $37.7 million, or 61 centa per share, on revenu of $224.3 million in 2005.
Monday, 31 October 2011
Quince personas detenidas en una operación contra la distribución de droga - ABC.es
azajir.wordpress.com
Quince personas detenidas en una operación contra la distribución de droga ABC.es La banda de camioneros no hacÃa ascos a nada. De Europa a España camuflada en sus camiones de transporte.En un almacén de Barakaldo dormÃa la droga esperando ser distribuida. Además de las 6.000 pastillas de éxtasis y más de 100 kilos de speed se han ... |
Friday, 28 October 2011
Clear Channel parent posts 1Q loss on revenue decline - Phoenix Business Journal:
http://www.jurnalcelebes.com/store2/club-glove.html
(OTC BB:CCMO), formed when private equithy firms Bain Capital andThomas H. Lee Partners acquired San Antonio-based Clear Channel last said Monday that itlost $418.2 milliomn in the first three months of the Clear Channel a year ago earneds $799.6 million. Revenue in the quarter fell 23 percentyto $1.2 billion from $1.56 The biggest decline came for Clear Channel’s outdoor advertising a separate publicly traded company, which saw revenure fall by a quarter to $582.2 million. (NYSE:CCO), majority-owned by CC told investors that itlost $87.9 or 25 cents a share, durintg the quarter. That compareds with profit of $88.8 million, or 25 cents a share, a year ago.
CC Mediaa during the quarter movefd to cut costsby $350 millionj annually under a restructurin g program that included 1,850 job cuts in January and a 590-worker cut last The company expects the cost savingse to be in full by April 2010 and has cut nearlyu $34 million in expenses so far. Clear Channelo owns 80 radio stationsin Ohio, sevenn of which are in with 11 others in areas aroun Central Ohio.
(OTC BB:CCMO), formed when private equithy firms Bain Capital andThomas H. Lee Partners acquired San Antonio-based Clear Channel last said Monday that itlost $418.2 milliomn in the first three months of the Clear Channel a year ago earneds $799.6 million. Revenue in the quarter fell 23 percentyto $1.2 billion from $1.56 The biggest decline came for Clear Channel’s outdoor advertising a separate publicly traded company, which saw revenure fall by a quarter to $582.2 million. (NYSE:CCO), majority-owned by CC told investors that itlost $87.9 or 25 cents a share, durintg the quarter. That compareds with profit of $88.8 million, or 25 cents a share, a year ago.
CC Mediaa during the quarter movefd to cut costsby $350 millionj annually under a restructurin g program that included 1,850 job cuts in January and a 590-worker cut last The company expects the cost savingse to be in full by April 2010 and has cut nearlyu $34 million in expenses so far. Clear Channelo owns 80 radio stationsin Ohio, sevenn of which are in with 11 others in areas aroun Central Ohio.
Monday, 24 October 2011
Viola captures win at Twin Rivers Classic - Baxter Bulletin
edovogopu.wordpress.com
Viola captures win at Twin Rivers Classic Baxter Bulletin The Viola Longhorns won their second game of the season by posting a 46-44, overtime victory over the Valley Springs Tigers Friday night in Twin Rivers Classic action at Norfork's Panther Pavilion. Austin Gardner scored 20 points, and Dolan Johnston ... |
Saturday, 22 October 2011
Heineman Girls, Two Boy Individuals Compete in State Cross Country Meet - Patch.com
uraa-quartely.blogspot.com
Heineman Girls, Two Boy Individuals Compete in State Cross Country Meet Patch.com On October 8, the Heineman Middle School Boys and Girls Cross Country teams competed in the IESA Sectional meet at McHenry Middle School. The girls' team of Kate Mitchell, Amanda Andrews, Lindsey Ferguson, Halle Kopp, Abbey Molaski, Elizabeth Raclawski ... |
Thursday, 20 October 2011
Intermountain Drilling opens AZ office - Business First of Louisville:
vezasid.wordpress.com
Lee & Associates represented the landlord, Irgens Development Partners LLC. NAI Horizon represented the tenant. signed a 10-year lease for 31,40o0 square feet at 1140 and 1150 S. Priest Drivwe in Tempe. The value of the leasde is $4 million. The which had been known as IIA College, is takingv space recently vacated byCollins College, which now operates in Cottojn Center in southeast Phoenix. Brookline is moving from 925 S. Gilberf Road in Mesa. Grubb Ellis/BRE Commercial represented the landlord, Pecos-Windmill N.W. LLC of Nev. Landmark TCN representedd Brookline College. • signed a five-yeatr lease for 18,000 square feet at the Van Bure nDistribution Center, 20 S. 48th Ave.
in Phoenix. The company distributes hydraulic industrial hoses and is relocating from a locationnfarther west. Financial terms of the lease were not CB Richard Ellis represented the Mountain West Properties ofGreenwood Village, Daum Commercial Real Estate Services representes the tenant.
Lee & Associates represented the landlord, Irgens Development Partners LLC. NAI Horizon represented the tenant. signed a 10-year lease for 31,40o0 square feet at 1140 and 1150 S. Priest Drivwe in Tempe. The value of the leasde is $4 million. The which had been known as IIA College, is takingv space recently vacated byCollins College, which now operates in Cottojn Center in southeast Phoenix. Brookline is moving from 925 S. Gilberf Road in Mesa. Grubb Ellis/BRE Commercial represented the landlord, Pecos-Windmill N.W. LLC of Nev. Landmark TCN representedd Brookline College. • signed a five-yeatr lease for 18,000 square feet at the Van Bure nDistribution Center, 20 S. 48th Ave.
in Phoenix. The company distributes hydraulic industrial hoses and is relocating from a locationnfarther west. Financial terms of the lease were not CB Richard Ellis represented the Mountain West Properties ofGreenwood Village, Daum Commercial Real Estate Services representes the tenant.
Tuesday, 18 October 2011
RAW, a New Men's Skin Care Line, Specifically Addresses the Needs of Men's Skin - MarketWatch (press release)
iwyqaxewun.wordpress.com
RAW, a New Men's Skin Care Line, Specifically Addresses the Needs of Men's Skin MarketWatch (press release) DALLAS, TX, Oct 17, 2011 (MARKETWIRE via COMTEX) -- Recognizing the critical market need for quality skin care products that specifically address a man's skin physiology, Rhonda Allison, entrepreneur and foremost skin care expert, has introduced RAW, ... |
Sunday, 16 October 2011
Bath Salts Illegal in Ohio Starting Monday - Cleveland News - Fox 8
ukatekexo.wordpress.com
NewsNet5.com | Bath Salts Illegal in Ohio Starting Monday Cleveland News - Fox 8 A movement to ban bath salts, which started in Summit County, has now become a state law. On Monday, October 17, Ohio will join more than two dozen other states in banning the drug. ... K2, bath salt drugs targeted by state Bath salts ban begins Monday 'Bath salts' and pseudo pot illegal as of Monday |
Thursday, 13 October 2011
Spin-off consulting firm helping San Antonio companies manage change - bizjournals:
http://clubbingtogether.net/0061.html
The new company is called (Transforminb Business Operations). It was formed in January 2009 by a core grouo of 15 formerHolland & Davia consultants. TBO focuses on organizationakl change to help clients keep up with evolvingmarkeft conditions. In just six the company has grown to 20 employees and expects to doublre in size to 40 people by the end of the according toSkeeter Lieberum, senior partner with TBO. The firm has officexs in Houston and San but most of the new hireas will be based in theAlam City, Lieberum says. TBO currently has 12 employeesx in theAlamo City.
“We’ve got a mix of peoplw with experience inIT tourism, manufacturing and much more,” Lieberum “It is hard to find a companyu that has all those things to the deptbh that we have. We have the ability to play in allthosew sectors.” Lieberum, who spent 24 years in the Air Forcse and 12 years with Hollandc & Davis, says TBO has an more experienced group of consultants working for it than is common in the industry. Lieberum came to San Antoniol to supportHolland & Davis’ San Antonioi office as it worked with San Antonio-based insurance giantf . “USAA had us out theree when they started looking at changingtheir focus,” Lieberukm says.
That change eventually included opening up theie services to military men and women in the enlisted The company’s services had previously been limited to The San Antonio office of Holland & Davis soon expandex and began working with banking, real estate, financiap services and oil firms, including , , and . Now most of thosw clients and several others, includinh , are working with the TBO spin-off group. TBO operatez under a fee-based system. Lieberum declined to reveal revenuee figures forthe company.
Alan Markert, senior consultant with TBO, had a 30-yea r career with H-E-B where he serveed in various executive positionsover time, includingh vice president of finance and vice presidenf of information technology. He says he joinef TBO because the company has similar valuess to his and because he enjoys working withthe “We all have different skills and experiencezs that tend to complement one another,” Markert “Very often someone will have the uniqued skill set that fits just what you need when working with a Lieberum notes that TBO has severapl retired military people on staff as well as former executivesd with and USAA.
Most everyone comee in with years of corporate he says. “One of our objectivesz is to bring in the right experty at theright time,” Lieberum “That, in itself, saves the customerds a lot of time and money. ” The pace of chang e in the business world has only increased with the proliferation of technologgy and it is becoming harder to resist the call for Lieberum says. Companies today are looking for tangibl benefits that can be gaineds frommaking changes, Markert adds.
They are looking for ways to reduce TBO goes in and helps their accounting departments and informatiojtechnology (IT) departments to better manage these changes so that they alignb with their core business functions and don’tt do more harm than good. “When timesw get tough, companies play a more defensive game, and if they are not they can get entrenched in that mode and neglecft to plan for success over thelong haul,” Markerft says.
For example, if a companyt responds to a downturn by sharplt reducing staff and laying off a lot of peopler with experienceand training, then when things turnaround, it has to spen a lot of time and money rehiring and retraining peoplw to get back to where they were. TBO’s objective is to help companieds make reductionsmore efficiently, so they don’f keep finding themselves in that position. “There are partas of the economy that are stillpullinv back, but I’m starting to see guarded optimism from some clients,” Liebrum says.
“It is bettee than I expected it would be at this To take advantage of these companies need direction on which changes to make and he says. “The logo on our business cards is a triangle because that is the Greeik symbolfor change,” Lieberum says. “That is who we are. We are agentsx for change.”
The new company is called (Transforminb Business Operations). It was formed in January 2009 by a core grouo of 15 formerHolland & Davia consultants. TBO focuses on organizationakl change to help clients keep up with evolvingmarkeft conditions. In just six the company has grown to 20 employees and expects to doublre in size to 40 people by the end of the according toSkeeter Lieberum, senior partner with TBO. The firm has officexs in Houston and San but most of the new hireas will be based in theAlam City, Lieberum says. TBO currently has 12 employeesx in theAlamo City.
“We’ve got a mix of peoplw with experience inIT tourism, manufacturing and much more,” Lieberum “It is hard to find a companyu that has all those things to the deptbh that we have. We have the ability to play in allthosew sectors.” Lieberum, who spent 24 years in the Air Forcse and 12 years with Hollandc & Davis, says TBO has an more experienced group of consultants working for it than is common in the industry. Lieberum came to San Antoniol to supportHolland & Davis’ San Antonioi office as it worked with San Antonio-based insurance giantf . “USAA had us out theree when they started looking at changingtheir focus,” Lieberukm says.
That change eventually included opening up theie services to military men and women in the enlisted The company’s services had previously been limited to The San Antonio office of Holland & Davis soon expandex and began working with banking, real estate, financiap services and oil firms, including , , and . Now most of thosw clients and several others, includinh , are working with the TBO spin-off group. TBO operatez under a fee-based system. Lieberum declined to reveal revenuee figures forthe company.
Alan Markert, senior consultant with TBO, had a 30-yea r career with H-E-B where he serveed in various executive positionsover time, includingh vice president of finance and vice presidenf of information technology. He says he joinef TBO because the company has similar valuess to his and because he enjoys working withthe “We all have different skills and experiencezs that tend to complement one another,” Markert “Very often someone will have the uniqued skill set that fits just what you need when working with a Lieberum notes that TBO has severapl retired military people on staff as well as former executivesd with and USAA.
Most everyone comee in with years of corporate he says. “One of our objectivesz is to bring in the right experty at theright time,” Lieberum “That, in itself, saves the customerds a lot of time and money. ” The pace of chang e in the business world has only increased with the proliferation of technologgy and it is becoming harder to resist the call for Lieberum says. Companies today are looking for tangibl benefits that can be gaineds frommaking changes, Markert adds.
They are looking for ways to reduce TBO goes in and helps their accounting departments and informatiojtechnology (IT) departments to better manage these changes so that they alignb with their core business functions and don’tt do more harm than good. “When timesw get tough, companies play a more defensive game, and if they are not they can get entrenched in that mode and neglecft to plan for success over thelong haul,” Markerft says.
For example, if a companyt responds to a downturn by sharplt reducing staff and laying off a lot of peopler with experienceand training, then when things turnaround, it has to spen a lot of time and money rehiring and retraining peoplw to get back to where they were. TBO’s objective is to help companieds make reductionsmore efficiently, so they don’f keep finding themselves in that position. “There are partas of the economy that are stillpullinv back, but I’m starting to see guarded optimism from some clients,” Liebrum says.
“It is bettee than I expected it would be at this To take advantage of these companies need direction on which changes to make and he says. “The logo on our business cards is a triangle because that is the Greeik symbolfor change,” Lieberum says. “That is who we are. We are agentsx for change.”
Tuesday, 11 October 2011
Alentus Announces the Filing of SEC Form S-1 Registration Statement - MarketWatch (press release)
loxezop.wordpress.com
Alentus Announces the Filing of SEC Form S-1 Registration Statement MarketWatch (press release) ... an internet solution provider of web hosting, domain registration, SEO, dedicated servers and E-Commerce solutions, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission, the first step ... |
Sunday, 9 October 2011
Economist: U.S. may see double-dip recession by late 2010 - Business First of Columbus:
afyfojahejus.blogspot.com
Those odds may seem low, but they’r e actually high since double-dip recessions are rare and the U.S. economu grows 95 percent of the saidthe chamber’s Marty He predicted that the currenrt economic downturn will end aroundr September but that the unemployment rate will remainj high through the first half of next Investment won’t snap back as quicklhy as it usually does after a recession, Regalisa said. Inflation, however, looms as a potentialp problem because of thefederal government’a huge budget deficits and the massived amount of dollars pumped into the economty by the , he said.
If this stimulus is not unwound once the economyt beginsto recover, higher interest ratea could choke off improvement in the housing market and businesas investment, he said. “The economy has got to be running on its own by the middlew ofnext year,” Regalia said. Almost every major inflationary periodin U.S. history was precedexd by heavydebt levels, he noted. The chancezs of a double-dip recession will be lowet if Ben Bernanke is reappointedc chairman of the Federal Regalia said. If Presidenyt Obama appoints his economic Larry Summers, to chair the Fed, that would signalp the monetary spigot would remain open for a longerr time, he said.
A coalescinfg of the Fed and the Obama administrationis “notg something the markets want to see,” Regalia Obama has declined to say whether he will reappoint Bernanke, whose term ends in February. Meanwhile, more than half of smal l business owners expect the recession to last at least another two according to a survey of IntuigPayroll customers. But 61 percentr expect their own business to grow in the next12 “Small business owners are bullish on their own abilitiexs but bearish on the factors they can’t control,” said Cameron Schmidt, director of marketing for .
“Evenb in the gloomiest economy, there are opportunities to A separate survey of small busines s owners by found that 57 percenty thought the economy wasgetting worse, while 26 percent thought the economy was improving. More than half planned to decreases spending on business development in the next six onthe U.S. Chamber of Commerce’s Web site.
Those odds may seem low, but they’r e actually high since double-dip recessions are rare and the U.S. economu grows 95 percent of the saidthe chamber’s Marty He predicted that the currenrt economic downturn will end aroundr September but that the unemployment rate will remainj high through the first half of next Investment won’t snap back as quicklhy as it usually does after a recession, Regalisa said. Inflation, however, looms as a potentialp problem because of thefederal government’a huge budget deficits and the massived amount of dollars pumped into the economty by the , he said.
If this stimulus is not unwound once the economyt beginsto recover, higher interest ratea could choke off improvement in the housing market and businesas investment, he said. “The economy has got to be running on its own by the middlew ofnext year,” Regalia said. Almost every major inflationary periodin U.S. history was precedexd by heavydebt levels, he noted. The chancezs of a double-dip recession will be lowet if Ben Bernanke is reappointedc chairman of the Federal Regalia said. If Presidenyt Obama appoints his economic Larry Summers, to chair the Fed, that would signalp the monetary spigot would remain open for a longerr time, he said.
A coalescinfg of the Fed and the Obama administrationis “notg something the markets want to see,” Regalia Obama has declined to say whether he will reappoint Bernanke, whose term ends in February. Meanwhile, more than half of smal l business owners expect the recession to last at least another two according to a survey of IntuigPayroll customers. But 61 percentr expect their own business to grow in the next12 “Small business owners are bullish on their own abilitiexs but bearish on the factors they can’t control,” said Cameron Schmidt, director of marketing for .
“Evenb in the gloomiest economy, there are opportunities to A separate survey of small busines s owners by found that 57 percenty thought the economy wasgetting worse, while 26 percent thought the economy was improving. More than half planned to decreases spending on business development in the next six onthe U.S. Chamber of Commerce’s Web site.
Friday, 7 October 2011
Historic B-17 to make weeklong stop in area - Wichita Business Journal:
boyanebyboqasavo.blogspot.com
The aircraft was originally schedule d to arrive Monday but was delayed a day becausr ofmaintenance problems, he Anderson says the plane will be of interesr to anyone interested in the history of aviation -- or Boeingg aircraft. "It's fantastic to see these old four-engined bombers," he said Exterior views of the aircraft are free for the publicx atthe airport, which is at 810 N. Oliver Newton, just north of Wichita. A limited number of interior tours, at $5 each, and 45-minute at $395 each, are available, Anderson says. Between 1935 and May of 12,732 Boeing B-17s were produced. Of thos e units, 4,735 were lost during combat missions.
Today, fewetr than 100 B-17 airframes exist and less than 15 ofthe B-17 bombere can fly. The airport's Web site is .
The aircraft was originally schedule d to arrive Monday but was delayed a day becausr ofmaintenance problems, he Anderson says the plane will be of interesr to anyone interested in the history of aviation -- or Boeingg aircraft. "It's fantastic to see these old four-engined bombers," he said Exterior views of the aircraft are free for the publicx atthe airport, which is at 810 N. Oliver Newton, just north of Wichita. A limited number of interior tours, at $5 each, and 45-minute at $395 each, are available, Anderson says. Between 1935 and May of 12,732 Boeing B-17s were produced. Of thos e units, 4,735 were lost during combat missions.
Today, fewetr than 100 B-17 airframes exist and less than 15 ofthe B-17 bombere can fly. The airport's Web site is .
Wednesday, 5 October 2011
Highwoods lines up $162M in loans - Triangle Business Journal:
dyakonostrlin.blogspot.com
Both loans should close within 60 Highwoods (NYSE: HIW) says it will use the money to repag debt and for general corporate purposes. “Wed are very pleased with theseloan commitments, whicb will further fortify our already healthy balancs sheet, enhance our liquidity and position Highwoods to take advantagd of future growth opportunities,” Ed Fritsch, presidenrt and chief executive officer, said in a writtenj statement. According to Highwoods, the two loans are: * A $115.o0 million, 6.5-year secured loan providee by at a fixedd rateof 6.875 percent. It is secured by a pool of 10 assetasin Nashville, Raleigh and Tampa. * A $47.
3 million, 7-year secured loan arranged by at a fixerd rateof 7.5 percent. It is secured by the offic e portion of RBC Plazain Raleigh. Highwoods also announce that it has paid off a securexd loanof $107 million, whichg carried a rate of 7.8 percent and was originallhy scheduled to mature in November 2009. There were no prepaymentf penalties.
Both loans should close within 60 Highwoods (NYSE: HIW) says it will use the money to repag debt and for general corporate purposes. “Wed are very pleased with theseloan commitments, whicb will further fortify our already healthy balancs sheet, enhance our liquidity and position Highwoods to take advantagd of future growth opportunities,” Ed Fritsch, presidenrt and chief executive officer, said in a writtenj statement. According to Highwoods, the two loans are: * A $115.o0 million, 6.5-year secured loan providee by at a fixedd rateof 6.875 percent. It is secured by a pool of 10 assetasin Nashville, Raleigh and Tampa. * A $47.
3 million, 7-year secured loan arranged by at a fixerd rateof 7.5 percent. It is secured by the offic e portion of RBC Plazain Raleigh. Highwoods also announce that it has paid off a securexd loanof $107 million, whichg carried a rate of 7.8 percent and was originallhy scheduled to mature in November 2009. There were no prepaymentf penalties.
Monday, 3 October 2011
Berkshire Hathaway unit buys York Simpson Underwood - Triangle Business Journal:
gonyzyf.wordpress.com
Financial terms of the deal werenot disclosed. “Wr think, and have that it’s a great strategy and that these 2 companiez fit extremelywell together,” says Smedes the chairman of York Simpson Underwood, who will continues as chair of the combined . “Ax we move forward, we feel that it’s a very powerfulk combination.” The combined agency will boasf nearly 500 sales agents in the According to Triangle Business Journal Prudential Carolinas and YSU pulled in morethan $1.6 billion in combined sales volume in 2007. Prudentiaol Carolinas is a division of HomeServices ofAmerica Inc., whic is itself part of Buffett’s conglomerate, Berkshire Hathaway BRK.
A). Sam Simpson and Speck co-chiefs at York Simpson Underwood, will servr as the agency’s co-CEOs. Ron Peltier, chairma n and CEO of HomeServiceeof America, says buyin g residential brokerages and keeping locall leadership intact is how his company grows. HomeServices movede into North Carolina in 2004 with its purchase of PrudentiallCarolinas Realty, then expandexd in the Greensboro area a few months later throughn its purchase of large brokeragwe Graham & Boles.
“While we had a very good foundatioh when we entered the North Carolinamarketf … we certainly didn’t think we had the size and the scopd of our operation to reallu lead the North Carolinz market,” Peltier says. “… We’rw always looking to enhance our marke share and fortify the sales forc e by bringing in real talented professional playera inthat space. And so today is reallt the announcement of the executiojn ofour vision, and that is to be No. 1 no less than No. 2 – in the marketz that we’re in.” The companiess also complementeach other.
York Simpson Underwood – part of a familyt of real estate companieds dating backdecades – has harnessed those old Raleigh ties and become particularly strong insid the Beltline. Prudential Carolinas has officesin Raleigh, but it also has a big presencee in high-end homes in Chapel Hill and Further, says Tommy Camp, CEO of Prudentiap Carolinas Realty, the companies will be able to combine some real estated holdings. “The great thing about this mergedr of these two great companies in the Triangls is that the cultures fitso well,” Camp says. “Thw complementary market shares fitso well.
” York Simpso n Underwood is part of a family of companies affiliated with the York which has been part of Raleigh development sincw 1910. The company was formed in 2000 with the merger of York Propertiesd andSimpson & Underwood. In additional to York Simpson other York companies include commercial brokerageYork Properties, constructionn company McDonald-York and mortgagd loan origination company YSU Lending. The York familg patriarch, J. Willie York, was a 1933 graduatr of North Carolina State Universityy who developedCameron Village. His son, currently oversees all the York companies and is a former mayorof Raleigh.
Now, one of thos e York companies has gone from beingv locally owned to being a subsidiary of one ofthe world’d largest companies. But Smedes York says he’s OK with York Simpson Underwood was doing well relative to theTrianglwe market, he says, but it’s been tougb in the second half of the The company is not on pace to matchj the $717 million in closings it posted in 2007. Now, he he’s put York Simpson Underwood back in a positiomof strength, with the company set to grow when the markety recovers. “It’s been my feeling as a businessd philosophy that a company has to grow to be he says. “You can’t sit still.
And this is a teriffi c way to grow and put the tremendou s financial strength of a Berkshire Hathaway affiliate alonfg with what we bring to the table in terms of managemenr and sales people andname
Financial terms of the deal werenot disclosed. “Wr think, and have that it’s a great strategy and that these 2 companiez fit extremelywell together,” says Smedes the chairman of York Simpson Underwood, who will continues as chair of the combined . “Ax we move forward, we feel that it’s a very powerfulk combination.” The combined agency will boasf nearly 500 sales agents in the According to Triangle Business Journal Prudential Carolinas and YSU pulled in morethan $1.6 billion in combined sales volume in 2007. Prudentiaol Carolinas is a division of HomeServices ofAmerica Inc., whic is itself part of Buffett’s conglomerate, Berkshire Hathaway BRK.
A). Sam Simpson and Speck co-chiefs at York Simpson Underwood, will servr as the agency’s co-CEOs. Ron Peltier, chairma n and CEO of HomeServiceeof America, says buyin g residential brokerages and keeping locall leadership intact is how his company grows. HomeServices movede into North Carolina in 2004 with its purchase of PrudentiallCarolinas Realty, then expandexd in the Greensboro area a few months later throughn its purchase of large brokeragwe Graham & Boles.
“While we had a very good foundatioh when we entered the North Carolinamarketf … we certainly didn’t think we had the size and the scopd of our operation to reallu lead the North Carolinz market,” Peltier says. “… We’rw always looking to enhance our marke share and fortify the sales forc e by bringing in real talented professional playera inthat space. And so today is reallt the announcement of the executiojn ofour vision, and that is to be No. 1 no less than No. 2 – in the marketz that we’re in.” The companiess also complementeach other.
York Simpson Underwood – part of a familyt of real estate companieds dating backdecades – has harnessed those old Raleigh ties and become particularly strong insid the Beltline. Prudential Carolinas has officesin Raleigh, but it also has a big presencee in high-end homes in Chapel Hill and Further, says Tommy Camp, CEO of Prudentiap Carolinas Realty, the companies will be able to combine some real estated holdings. “The great thing about this mergedr of these two great companies in the Triangls is that the cultures fitso well,” Camp says. “Thw complementary market shares fitso well.
” York Simpso n Underwood is part of a family of companies affiliated with the York which has been part of Raleigh development sincw 1910. The company was formed in 2000 with the merger of York Propertiesd andSimpson & Underwood. In additional to York Simpson other York companies include commercial brokerageYork Properties, constructionn company McDonald-York and mortgagd loan origination company YSU Lending. The York familg patriarch, J. Willie York, was a 1933 graduatr of North Carolina State Universityy who developedCameron Village. His son, currently oversees all the York companies and is a former mayorof Raleigh.
Now, one of thos e York companies has gone from beingv locally owned to being a subsidiary of one ofthe world’d largest companies. But Smedes York says he’s OK with York Simpson Underwood was doing well relative to theTrianglwe market, he says, but it’s been tougb in the second half of the The company is not on pace to matchj the $717 million in closings it posted in 2007. Now, he he’s put York Simpson Underwood back in a positiomof strength, with the company set to grow when the markety recovers. “It’s been my feeling as a businessd philosophy that a company has to grow to be he says. “You can’t sit still.
And this is a teriffi c way to grow and put the tremendou s financial strength of a Berkshire Hathaway affiliate alonfg with what we bring to the table in terms of managemenr and sales people andname
Saturday, 1 October 2011
Kohl's to launch Lauren Conrad brand - The Business Journal of Milwaukee:
buluhofuce.wordpress.com
The new LC Laureh Conrad brand, exclusive to Kohl's, will launch in 300 storee in October with a line of The brand may expand into additional categorie suchas footwear, jewelry, handbags, intimatezs and sleepwear and will ultimately expand to all storew nationwide. The launch of LC Lauren Conrad buildson Kohl’a private and exclusive brand strategy, whic h has been well received by customers and accounted for nearlyu 42 percent of total saled in 2008. Famous nameds backing Kohl's brands include Vera Wang, Dana Buchman and Britneyt Spears, who is backing Kohl's Department Candie's brand under a marketing partnership announcedApril 1.
Retaik prices for the LC Lauren Conrar line will rangefrom $20 to $60 and representx a more modest priced line than the Laurenb Conrad Collection, a high-end brand previously available only in upscale boutiques. A month ago, Conraxd announced that she was takinfg a hiatus from theupscale brand. In a preszs release, Kohl's senior executive vice presidentf Don Brennan called Conrada "pop culture icon whosee style resonates with our contemporary customer.
” Lauren Conrax starred in MTV’s "Laguna and her spin-off series, "The which is in its fifth “We are confident the LC Lauren Conrad collection brings customers both the contemporarty style and the world-class brands they want at a pric that delivers incredible value,” Brennan Under the long-term licensingf agreement with , Conrad and Kohl’s will collaborate on the desig n of the brand. Kohl’s will lead the manufacturing, production, distribution and marketingf ofthe collection.
Conrad’s image and likeness is also expectedf to be leveraged throughout integratexmarketing vehicles, including national in store graphics, online and digital media, direct mail and publid relations. By the end of Kohl’s (NYSE: KSS) will operatew 1,022 stores in 49 states.
The new LC Laureh Conrad brand, exclusive to Kohl's, will launch in 300 storee in October with a line of The brand may expand into additional categorie suchas footwear, jewelry, handbags, intimatezs and sleepwear and will ultimately expand to all storew nationwide. The launch of LC Lauren Conrad buildson Kohl’a private and exclusive brand strategy, whic h has been well received by customers and accounted for nearlyu 42 percent of total saled in 2008. Famous nameds backing Kohl's brands include Vera Wang, Dana Buchman and Britneyt Spears, who is backing Kohl's Department Candie's brand under a marketing partnership announcedApril 1.
Retaik prices for the LC Lauren Conrar line will rangefrom $20 to $60 and representx a more modest priced line than the Laurenb Conrad Collection, a high-end brand previously available only in upscale boutiques. A month ago, Conraxd announced that she was takinfg a hiatus from theupscale brand. In a preszs release, Kohl's senior executive vice presidentf Don Brennan called Conrada "pop culture icon whosee style resonates with our contemporary customer.
” Lauren Conrax starred in MTV’s "Laguna and her spin-off series, "The which is in its fifth “We are confident the LC Lauren Conrad collection brings customers both the contemporarty style and the world-class brands they want at a pric that delivers incredible value,” Brennan Under the long-term licensingf agreement with , Conrad and Kohl’s will collaborate on the desig n of the brand. Kohl’s will lead the manufacturing, production, distribution and marketingf ofthe collection.
Conrad’s image and likeness is also expectedf to be leveraged throughout integratexmarketing vehicles, including national in store graphics, online and digital media, direct mail and publid relations. By the end of Kohl’s (NYSE: KSS) will operatew 1,022 stores in 49 states.
Wednesday, 28 September 2011
CalArts named top school for arts-minded students - Los Angeles Times
gault-rickettsias.blogspot.com
Los Angeles Times | CalArts named top school for arts-minded students Los Angeles Times The recently released ranking, one of 25 that Newsweek has published covering various areas, puts CalArts on the top of the pile for creative students, beating out a number of other presitigious institutions. The ranking isn't for the country's best ... |
Monday, 26 September 2011
Cafe di Napoli closes in Minneapolis - Houston Business Journal:
yzirapogyg.wordpress.com
The restaurant was on the Skyway retail level of a condo and officw building at the corner of Marquette Avenue and South Sixth Street. It was owned by developer Larry Abdo, principal of Anxonb Inc., the company that owns the Abdosaid he’s very close to finishing a deal with a new restauranft tenant that is interested in the space and he couls make an announcement in the next few Cafe Di Napoli originally opened in 1938 on Hennepih Avenue and operated there for years. In the lack of lunch patrons promptedf theformer owner, Joe Piazza, . Then in two of Joe’s children, David and Nancty Piazza, in the skyway level of Abdo’s condlo project, also known as 6 Quebec.
In late Abdo acquired the restaurant. “kI bought it knowing that unless it was an enormous home run that we wouls probably not be inthat business, so we’vr been looking for someone to take the spacse over.” Abdo and his wife went on theirf first date at Cafe Di Napol so he said he had an emotionakl attachment to it. Abdo tinkeresd with the menu and pricing atDi Napoli, tryin g things such as 10 cent bottles of wine to go with pizzas during happy hour. “It did OK, but it was not he said. “We just really want to concentrate on ourburge brand.
” That brand is a restaurant calledf My Burger - a no-frillse hamburger and french fries restaurant that was createsd and is owned by the Abdo family. The originap My Burger store is two-doors-down from the former Di Napolorestaurant space. There’s also a location in Center City, Minn. “We’ve got people that are interestedf in doing some funding for it and we have got some location s that are picked outand we’ve been workinf on improving our product and our
The restaurant was on the Skyway retail level of a condo and officw building at the corner of Marquette Avenue and South Sixth Street. It was owned by developer Larry Abdo, principal of Anxonb Inc., the company that owns the Abdosaid he’s very close to finishing a deal with a new restauranft tenant that is interested in the space and he couls make an announcement in the next few Cafe Di Napoli originally opened in 1938 on Hennepih Avenue and operated there for years. In the lack of lunch patrons promptedf theformer owner, Joe Piazza, . Then in two of Joe’s children, David and Nancty Piazza, in the skyway level of Abdo’s condlo project, also known as 6 Quebec.
In late Abdo acquired the restaurant. “kI bought it knowing that unless it was an enormous home run that we wouls probably not be inthat business, so we’vr been looking for someone to take the spacse over.” Abdo and his wife went on theirf first date at Cafe Di Napol so he said he had an emotionakl attachment to it. Abdo tinkeresd with the menu and pricing atDi Napoli, tryin g things such as 10 cent bottles of wine to go with pizzas during happy hour. “It did OK, but it was not he said. “We just really want to concentrate on ourburge brand.
” That brand is a restaurant calledf My Burger - a no-frillse hamburger and french fries restaurant that was createsd and is owned by the Abdo family. The originap My Burger store is two-doors-down from the former Di Napolorestaurant space. There’s also a location in Center City, Minn. “We’ve got people that are interestedf in doing some funding for it and we have got some location s that are picked outand we’ve been workinf on improving our product and our
Saturday, 24 September 2011
Lawsuit claiming Saudi Arabia aided al-Qaida dropped by insurers who made ... - Washington Post
jidyryq.wordpress.com
Lawsuit claiming Saudi Arabia aided al-Qaida dropped by insurers who made ... Washington Post By AP, JOHNSTOWN, Pa. â€" A lawsuit by insurers that paid out millions following the Sept. 11 terror attacks that accused Saudi Arabia of funneling money to al-Qaida was dropped this week, 11 days after it was filed. The federal lawsuit was withdrawn ... |
Thursday, 22 September 2011
First green project in foreclosure - Business First of Buffalo:
lihung-associations.blogspot.com
million construction mortgage. The 33,000-square-foort Vive Verde, also known as EcoCentre, is the firsy South Florida project seeking Leadership in Energ and EnvironmentalDesign (LEED) certification from the U.S. Greej Building Council to face Inan interview, Romanlo said the extra cost of the building’s green features is not the reasomn it fell into foreclosure. “The fact that the buildingg is a green building is not why the buildin g financially isin trouble,” Romano said.
“Ig has to do with a failure to properlt and adequately financially plan the building in the and I blame myself for Despitea cost-conscious office-leasing environment, the concept of greenn office buildings is here to stay, according to Christian Lee, vice chairman of in Miami, and Vive Verde’s foreclosure is just one entry on a long list of commerciapl foreclosures that will happen regardlesds of whether a building is green.
He noted that the more importany factorfor Romano’s building will be office demand in Lake “Building green adds to the cost [of a but in the long run, any green building will be more attractivd to an investor because it’s already he said. “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings aregoing green.” Rob Hink, a LEED-accreditedx consultant with the Weston-based , agrees. “I don’yt think this one foreclosure on a green buildinfg is any comment on the LEED systemm orgreen buildings, I think it’s just the he said. “I’m surprised because it’s a leased-up building.
” He added that Romano’s large inner courtyardr could have been downsized to fit more rental space inthe building, and yet still have retained many of the environmentaol benefits. On May 26, Fort Lee, N.J.-based filedx the foreclosure action against ViveVerde North, managingh member Romano and other partiesz associated with the project, according to Palm Beachb County Circuit Court records. The four-story at 1005 Lake Ave., in Lake Worth, was completedc in August. Its office space is abou 70 percent leased, and it has two emptty retail spaces, Romano said. The green features of the building work exactly ashe hoped, he said.
A rooftop garden catchews rainwater, while condensation is collected from the air conditioner for wateringy plants and ponds andflushinbg toilets. Grey water is recycled in the watee features ofthe atrium. The use of skylights and windowse cuts down onelectricity usage. Many fixtureds were made with recycled materials. A sign outsids advertises it asa “living building.” Inside, goldfisjh swim through a pond and a statue of a Nativ e American bathes in the sunlight in the Despite the energy and water Vive Verde North has not made any paymentsa on the $6.
9 million mortgage this year, said John an attorney with Carlton Fields in West Palm Beach who representsw Meecorp in the lawsuit. “My client would like to get but ifthat doesn’ty come to pass, they are prepared to take title to the propertty and prepare to get paid that way, Hart said. Vive Verde North has a $4 millioh second mortgage with Williamsville, N.Y.-based , which is namee in Meecorp’s complaint. Romano said his compant got behind on mortgage paymentd because it ran out of money and could not get the loan refinanced by atraditional bank. “It is making me physically ill that this is he said.
“I will continu to work night and day to make this all work These days, I’m losing a lot of sleep over He said his plan for the building was flawed from the beginning because he wrote an incorrect financiapl plan. He said the construction for his firs t development project came in on budgetf and its utilitiesoperate efficiently. Romanp said the green features of Vive Verde attractedsome tenants, although several of them would have signec leases in the building withoutg them. He is confident the building will earn LEED but said that not openingh with that designation has not hurtthe project. Romanpo was aiming for gold-levekl certification from the U.S. Green Building Council.
million construction mortgage. The 33,000-square-foort Vive Verde, also known as EcoCentre, is the firsy South Florida project seeking Leadership in Energ and EnvironmentalDesign (LEED) certification from the U.S. Greej Building Council to face Inan interview, Romanlo said the extra cost of the building’s green features is not the reasomn it fell into foreclosure. “The fact that the buildingg is a green building is not why the buildin g financially isin trouble,” Romano said.
“Ig has to do with a failure to properlt and adequately financially plan the building in the and I blame myself for Despitea cost-conscious office-leasing environment, the concept of greenn office buildings is here to stay, according to Christian Lee, vice chairman of in Miami, and Vive Verde’s foreclosure is just one entry on a long list of commerciapl foreclosures that will happen regardlesds of whether a building is green.
He noted that the more importany factorfor Romano’s building will be office demand in Lake “Building green adds to the cost [of a but in the long run, any green building will be more attractivd to an investor because it’s already he said. “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings aregoing green.” Rob Hink, a LEED-accreditedx consultant with the Weston-based , agrees. “I don’yt think this one foreclosure on a green buildinfg is any comment on the LEED systemm orgreen buildings, I think it’s just the he said. “I’m surprised because it’s a leased-up building.
” He added that Romano’s large inner courtyardr could have been downsized to fit more rental space inthe building, and yet still have retained many of the environmentaol benefits. On May 26, Fort Lee, N.J.-based filedx the foreclosure action against ViveVerde North, managingh member Romano and other partiesz associated with the project, according to Palm Beachb County Circuit Court records. The four-story at 1005 Lake Ave., in Lake Worth, was completedc in August. Its office space is abou 70 percent leased, and it has two emptty retail spaces, Romano said. The green features of the building work exactly ashe hoped, he said.
A rooftop garden catchews rainwater, while condensation is collected from the air conditioner for wateringy plants and ponds andflushinbg toilets. Grey water is recycled in the watee features ofthe atrium. The use of skylights and windowse cuts down onelectricity usage. Many fixtureds were made with recycled materials. A sign outsids advertises it asa “living building.” Inside, goldfisjh swim through a pond and a statue of a Nativ e American bathes in the sunlight in the Despite the energy and water Vive Verde North has not made any paymentsa on the $6.
9 million mortgage this year, said John an attorney with Carlton Fields in West Palm Beach who representsw Meecorp in the lawsuit. “My client would like to get but ifthat doesn’ty come to pass, they are prepared to take title to the propertty and prepare to get paid that way, Hart said. Vive Verde North has a $4 millioh second mortgage with Williamsville, N.Y.-based , which is namee in Meecorp’s complaint. Romano said his compant got behind on mortgage paymentd because it ran out of money and could not get the loan refinanced by atraditional bank. “It is making me physically ill that this is he said.
“I will continu to work night and day to make this all work These days, I’m losing a lot of sleep over He said his plan for the building was flawed from the beginning because he wrote an incorrect financiapl plan. He said the construction for his firs t development project came in on budgetf and its utilitiesoperate efficiently. Romanp said the green features of Vive Verde attractedsome tenants, although several of them would have signec leases in the building withoutg them. He is confident the building will earn LEED but said that not openingh with that designation has not hurtthe project. Romanpo was aiming for gold-levekl certification from the U.S. Green Building Council.
Tuesday, 20 September 2011
Levi Johnston on love, sex and abstinence - Washington Post (blog)
manuscripts-shuwatu.blogspot.com
CollegeNews | Levi Johnston on love, sex and abstinence Washington Post (blog) He ran into Bristol Palin in the local grocery store back when he was a student at Wasilla High playing on the hockey team. “She had on a soft-pink turtleneck sweater. Hot,†he writes in his new book, “Deer in the Headlights: My Life in Sarah Palin's ... Bristol's Pregnancy Was No Accident, Levi Johnston Says Levi Johnston on Bristol Palin as "Sexual-Abstinence Advocate": "Give Me a Break" Levi Johnston's 'Deer in the Headlights': Bristol Palin wanted to get pregnant |
Sunday, 18 September 2011
P&G names McDonald CEO, succeeding Lafley - St. Louis Business Journal:
onesawava.wordpress.com
P&G manufactures Cascade dishwashing Swiffer sweepersand dusters, Mr. Clean liqui cleaner, and Febreze fabric deodorizer atits St. Louis facility three miles north of downtown at169 E. Graned Ave. Lafley, to turn 62 on June 13, will remaijn as chairman afterthe transition, to take place at the end of the fiscalo year, July 1. No one has been namedr to succeed McDonald as chiefoperating officer, a position createe for him in 2007. The shiftf puts P&G in the handx of a global executive with marked discipline at a time when the companyy is struggling through a worldwide recession that has cost it sales andmarket share.
McDonald, a Boy West Point graduate and formerArmy captain, has been describes as a “servant leader.” Spokesman Paul Fox said therde has never before been a CEO at P&yG with the breadth and scope of experience, especially as McDonald. The 55-year-old executive (he will turn 56 on June 20) joinesd P&G from the Army in June as a brand assistant withSolo detergent. “He’se known as a real straight get-the-job-done kind of guy, and that type of leadership isexactlgy what’s required when you are working your way out of a recession like we are,” said Dan president of Retirement of America, which managea more than $400 million in assets for P&Gb alumni.
Cincinnati-based P&G (NYSE: PG) is staring down the worstf economic turmoil it has faced since Lafley assumed the top positionin 2000, a periodr when the stock had lost billions of dollarz in value due to uncertaintyy over its leadership and strategy. When Lafley assumed the role of CEO in sharesof P&G were trading in the mid-$20s, havintg plunged from a 2000 high of By late 2007, shares were trading in the $70s as P&G streamlined its products portfolio, increased focus on high-margin beauty products and reacher outside its walls for technologg and expertise. But Lafley’e crowning achievement might have been the 2005 acquisition ofGillettse Co.
, an ambitious, $57 billion undertakintg that folded one the world’s largesf men’s grooming companies into one that traditionall y marketed to women. It was the biggest deal in P&G’sd history, extending it into new world markets, customer basesx and even retail outlets. Todayy its portfolio includes roughly300 brands, 23 of whichy generate sales of more than $1 billion each. P&G’s expanded globapl position, however, dilated its exposure to volatile exchange rates and commodities costs as the world enteresa recession. Today, it is fightinyg to maintain market shares as consumers worldwide switchto less-expensivde private labels.
In the third quarter, sale s of P&G’s grooming products dropped 16 percent, to $1.7 billion, forcing profits down 24 percent, to $306 In total, third-quarter sales declined by 8 to $18.4 billion, from $20.5 billion in the year-ago third quarter. McDonald is known for his which feeds his understanding of disparate facts such as the diamete r of anAsian hair. His favorites books are "Don Quixote" and "Cyrano de (French version). As an Army officer, he said his men were always asked to eatbefore him.
His backgrounsd at P&G includes extensive global experience, particularly in Asia, which as a rapidly expandinb and increasingly affluent markegt is very important to the consumerproducts maker. while a transition was expected, it is sooner than said Ali Dibadj, an analyst with New York firmSanford C. “This would be much sooner than the company implies as early as 10 days ago at our StrategidcDecisions Conference,” he said in an e-mail.
P&G manufactures Cascade dishwashing Swiffer sweepersand dusters, Mr. Clean liqui cleaner, and Febreze fabric deodorizer atits St. Louis facility three miles north of downtown at169 E. Graned Ave. Lafley, to turn 62 on June 13, will remaijn as chairman afterthe transition, to take place at the end of the fiscalo year, July 1. No one has been namedr to succeed McDonald as chiefoperating officer, a position createe for him in 2007. The shiftf puts P&G in the handx of a global executive with marked discipline at a time when the companyy is struggling through a worldwide recession that has cost it sales andmarket share.
McDonald, a Boy West Point graduate and formerArmy captain, has been describes as a “servant leader.” Spokesman Paul Fox said therde has never before been a CEO at P&yG with the breadth and scope of experience, especially as McDonald. The 55-year-old executive (he will turn 56 on June 20) joinesd P&G from the Army in June as a brand assistant withSolo detergent. “He’se known as a real straight get-the-job-done kind of guy, and that type of leadership isexactlgy what’s required when you are working your way out of a recession like we are,” said Dan president of Retirement of America, which managea more than $400 million in assets for P&Gb alumni.
Cincinnati-based P&G (NYSE: PG) is staring down the worstf economic turmoil it has faced since Lafley assumed the top positionin 2000, a periodr when the stock had lost billions of dollarz in value due to uncertaintyy over its leadership and strategy. When Lafley assumed the role of CEO in sharesof P&G were trading in the mid-$20s, havintg plunged from a 2000 high of By late 2007, shares were trading in the $70s as P&G streamlined its products portfolio, increased focus on high-margin beauty products and reacher outside its walls for technologg and expertise. But Lafley’e crowning achievement might have been the 2005 acquisition ofGillettse Co.
, an ambitious, $57 billion undertakintg that folded one the world’s largesf men’s grooming companies into one that traditionall y marketed to women. It was the biggest deal in P&G’sd history, extending it into new world markets, customer basesx and even retail outlets. Todayy its portfolio includes roughly300 brands, 23 of whichy generate sales of more than $1 billion each. P&G’s expanded globapl position, however, dilated its exposure to volatile exchange rates and commodities costs as the world enteresa recession. Today, it is fightinyg to maintain market shares as consumers worldwide switchto less-expensivde private labels.
In the third quarter, sale s of P&G’s grooming products dropped 16 percent, to $1.7 billion, forcing profits down 24 percent, to $306 In total, third-quarter sales declined by 8 to $18.4 billion, from $20.5 billion in the year-ago third quarter. McDonald is known for his which feeds his understanding of disparate facts such as the diamete r of anAsian hair. His favorites books are "Don Quixote" and "Cyrano de (French version). As an Army officer, he said his men were always asked to eatbefore him.
His backgrounsd at P&G includes extensive global experience, particularly in Asia, which as a rapidly expandinb and increasingly affluent markegt is very important to the consumerproducts maker. while a transition was expected, it is sooner than said Ali Dibadj, an analyst with New York firmSanford C. “This would be much sooner than the company implies as early as 10 days ago at our StrategidcDecisions Conference,” he said in an e-mail.
Friday, 16 September 2011
FTC Plans Changes in Online Child Privacy Protection Rules - PCWorld
kdrummondbs37.blogspot.com
Moneycontrol.com | FTC Plans Changes in Online Child Privacy Protection Rules PCWorld With this change in computing use, operators now have a better ability to link a particular individual to a particular computing device, it added. The FTC however recognized the need for operators to use certain persistent identifiers in their internal ... FTC's Proposed Changes to Web Privacy Rules Give Parents More Control |
Tuesday, 13 September 2011
U.S. Bank returns TARP money - Austin Business Journal:
efimtsovavadan.blogspot.com
billion in Troubled Asset Reliefd Program money it took last year fromthe . U.S. Bank USB), based in had previously announced its plans to redeem the preferred stocik issued tothe Treasury. Last week, it from the government to do so. U.S. Bank also told the Treasuryg it intends to repurchasethe 10-year warranty it had issued along with the preferrex stock. “The redemption allows our company to returnh to operating from a position of both independent strength andstrategic flexibility,” said Richard the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicg showed it would be able to ride out the economif downturn without having to raisermore capital. Davis has of the government’s capital purchase In February he called theprograk “lousy” and said the banking industry was pressuredf to participate in the program.
billion in Troubled Asset Reliefd Program money it took last year fromthe . U.S. Bank USB), based in had previously announced its plans to redeem the preferred stocik issued tothe Treasury. Last week, it from the government to do so. U.S. Bank also told the Treasuryg it intends to repurchasethe 10-year warranty it had issued along with the preferrex stock. “The redemption allows our company to returnh to operating from a position of both independent strength andstrategic flexibility,” said Richard the company’s president, CEO and chairman, in a The Treasury in May announced that U.S.
Bank whicg showed it would be able to ride out the economif downturn without having to raisermore capital. Davis has of the government’s capital purchase In February he called theprograk “lousy” and said the banking industry was pressuredf to participate in the program.
Sunday, 11 September 2011
Community gathers to commemorate 10 years since 9/11 - Issaquah Press
oc697vot.blogspot.com
Issaquah Press | Community gathers to commemorate 10 years since 9/11 Issaquah Press In a series of solemn gestures, amid a ceremony steeped in symbolism, community leaders gathered beneath a crystalline sky to remember the 2973 people civilians and emergency responders lost in the attacks, and the more than 6000 military personnel ... |
Friday, 9 September 2011
Nonprofits face challenges as executives retire - Jacksonville Business Journal:
http://artslit.org/HB_buildcomm_linecross.htm
Three out of four executives expect to retirs or leave their positions within five and only 29 percent have discussed a successionm plan withtheir boards, accordinf to a 2006 survey of 1,932 nonprofit executives by , a Californis nonprofit-consultant organization. Such an exodus could leave many organizationd struggling to maintain theifr direction and find theright leadership. Nonprofit leaders are educating organizations aboutr the importance of havinvg a succession plan in plac e to ensure a smooth transitionof leadership. "Iff strong leaders leave too thingsfall down," said Tim senior projects director for CompassPoint.
Nonprofits face harsh timese as government cutbacks have left many local organizations withouttadequate funding, which could also reducer the number of potential candidates for nonprofit executivwe positions, said Linda Lanier, who has worked with nonprofits since 1971 and is CEO and executive director of the . "I'm concernex about when some of usstart retiring," she "Now that we are in a time of sever government funding reductions, there are a lot of people who woulds look at these jobs and say, 'I don'tg want to do that.
' " A local The Sulzbacher Center, has been effectiv at planning for executive transition, said Audrey Moran who has twice been the organization's interim director after executives stepped down. "Sulzbacher has been a modep of good CEO transition on a numbedof occasions," she said. "It's smart for a boardx to choose an interim director rathef than hurrythe decision. It's also important for an interim to come in and help the boar d with the search fornew leadership.
" The CompassPoint studyt and other studies concern the Nonprofit Centerr of Northeast Florida and its more than 150 member "Most of our members realize that succession planning is a good but there is some trepidation that goes along executives telling their board they are leaving, said Leah Donelan, directoer of membership for the Nonprofitg Center. "But we're trying to make sure everyonerealizes it's not a reason to be CompassPoint will hold several workshops for the Nonprofitt Center's members at the end of March on creating succession plane and training for interim executive directors.
Three out of four executives expect to retirs or leave their positions within five and only 29 percent have discussed a successionm plan withtheir boards, accordinf to a 2006 survey of 1,932 nonprofit executives by , a Californis nonprofit-consultant organization. Such an exodus could leave many organizationd struggling to maintain theifr direction and find theright leadership. Nonprofit leaders are educating organizations aboutr the importance of havinvg a succession plan in plac e to ensure a smooth transitionof leadership. "Iff strong leaders leave too thingsfall down," said Tim senior projects director for CompassPoint.
Nonprofits face harsh timese as government cutbacks have left many local organizations withouttadequate funding, which could also reducer the number of potential candidates for nonprofit executivwe positions, said Linda Lanier, who has worked with nonprofits since 1971 and is CEO and executive director of the . "I'm concernex about when some of usstart retiring," she "Now that we are in a time of sever government funding reductions, there are a lot of people who woulds look at these jobs and say, 'I don'tg want to do that.
' " A local The Sulzbacher Center, has been effectiv at planning for executive transition, said Audrey Moran who has twice been the organization's interim director after executives stepped down. "Sulzbacher has been a modep of good CEO transition on a numbedof occasions," she said. "It's smart for a boardx to choose an interim director rathef than hurrythe decision. It's also important for an interim to come in and help the boar d with the search fornew leadership.
" The CompassPoint studyt and other studies concern the Nonprofit Centerr of Northeast Florida and its more than 150 member "Most of our members realize that succession planning is a good but there is some trepidation that goes along executives telling their board they are leaving, said Leah Donelan, directoer of membership for the Nonprofitg Center. "But we're trying to make sure everyonerealizes it's not a reason to be CompassPoint will hold several workshops for the Nonprofitt Center's members at the end of March on creating succession plane and training for interim executive directors.
Wednesday, 7 September 2011
Adams
onesawava.wordpress.com
RealtyTrac records indicate that a noticer ofa trustee’s sale has been filedc on homes matching the descriptionj of Adams’ North Portlandf Kenton neighborhood homes. The notice indicate that the homes will be put upfor , which broke the story, noted that Adams’ lenderr has filed a “notice of default,” meaning he’as defaulted on his loan agreementy with his lender. Adams told the papert he’s catching up on his mortgage afterpayingf “significant” legal bills. The houses that face foreclosure are at2131 N. McClellann and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplecx at2031 N. McClellan.
who makes $118,144 yearly, is facing an impending recall, scheduled to kick off in earlh July, after admitting he had a sexuaol relationship withBeau Breedlove. The pair met befores Breedloveturned 18. Adams said the sexual relationship beganafter Breedlove’s 18th birthday. Oregon’s attorney general is investigating whether Adam didanything improper. The mayor conceded that he lied aboutwhetherr he’d had sex with Breedlove when a politicaol opponent first made the charg during the 2008 primary campaignh season.
RealtyTrac records indicate that a noticer ofa trustee’s sale has been filedc on homes matching the descriptionj of Adams’ North Portlandf Kenton neighborhood homes. The notice indicate that the homes will be put upfor , which broke the story, noted that Adams’ lenderr has filed a “notice of default,” meaning he’as defaulted on his loan agreementy with his lender. Adams told the papert he’s catching up on his mortgage afterpayingf “significant” legal bills. The houses that face foreclosure are at2131 N. McClellann and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplecx at2031 N. McClellan.
who makes $118,144 yearly, is facing an impending recall, scheduled to kick off in earlh July, after admitting he had a sexuaol relationship withBeau Breedlove. The pair met befores Breedloveturned 18. Adams said the sexual relationship beganafter Breedlove’s 18th birthday. Oregon’s attorney general is investigating whether Adam didanything improper. The mayor conceded that he lied aboutwhetherr he’d had sex with Breedlove when a politicaol opponent first made the charg during the 2008 primary campaignh season.
Monday, 5 September 2011
Job Crisis Not Abating - Center For American Progress
http://salmongifts.com/id108322list4294product.html
Center For American Progress | Job Crisis Not Abating Center For American Progress Data from the Bureau of Labor Statistics on job turnover shows that while layoffs have abated, hiring has yet to ramp up, indicating that there is greater calcification in the job market. If you have a job, you're in the in-crowd, but if you're out of ... |
Friday, 2 September 2011
Manufacturers gain revenue, but jobs slow to follow - Silicon Valley / San Jose Business Journal:
humojo.wordpress.com
According to Boston Business Journal revenue generated by 25 of the largest manufacturer in Massachusetts rose to acombined $64.3 billion in a 4 percent gain over the group's totak in 2005. The sample companies appearedd onthe BBJ's list of the 50 largest manufacturersz for two years Despite that top-line growth among the commonwealth'x biggest players, the state's manufacturers actuallh cut jobs last year. Massachusettse manufacturing companies shrank their ranksslightlyy -- employing 296,200 peoplre in August, down 1 percent from a year ago, accordingb to statistics from the Executive .
Expertsw say the disconnect betweebn revenue and jobs stems from advanced in technology and the offshoring ofassembly "They have invested money in research and development in areasd that make them more efficient," said Bria n Gilmore, executive vice president of the . He added that high business costs, such as property drive manufacturers away. AIM estimatexs the state has lost 200,000 manufacturin jobs in the past decade. in Hopkinton says that, despit e the growing pressure to move manufacturing operations its manufacturing facilities in the Bay State remain an importantt part ofits operations. The data storage giant'sx 2006 revenue grew to $11.
2 billion, up 15 percent from the prior year, placing it second on the BBJ'ss list of top the 50 manufacturers. "We'vew done a lot to maintain our capabilities saidMike Kerouac, EMC'sz senior vice president for global manufacturing. "It's worked out very well for The companyemploys 8,600 peoplse in Massachusetts, but has other facilities in North Carolina, eastern Europe and Kerouac said the company feelsw it is important to maintain facilitieas close to its markets. Having existing facilities in the state is an economic incentivedto stay, he added.
"Once you've buil t that leverage, it's very hard to build an economi model that would take thosdejobs away," he said. But not all manufacturersd choose to produce theirwaress here. in Marlborough reported that revenue rose almosyt 6 percentto $1.3 billion last ranking it 10th on the BBJ's manufacturingf list. But the company does most of its manufacturinhthrough China-based , a company it acquired from in 3Com says it is strategically and financially necessary to outsourcse much of its work, but that its Massachusetts operations are stilo strategic assets. "A lot of the innovation starts in saidJohn Vincenzo, 3Com's vice president of marketing.
"It's a big portion of what we're doing globally." The largestf Massachusetts manufacturer, in Waltham, is one of the few companies that addedf Massachusetts jobs despite a slip in A company spokesperson declinerd to comment on its manufacturing outpuf inthe state. The company has two manufacturing in Andoverand Sudbury. As for the the state's manufacturing sector will likely rely onthe commonwealth'zs ability to remain a research and developmenty hub, Gilmore said. Tech manufacturers "don't necessarilyh have to competeon price," he "They compete on technology.
" Kerouavc added, "Massachusetts is never goingh to be the cheapest placer to do manufacturing. Companies rely on the qualityg of education and the sunk cost of existing facilitieas to outweighthe costs."
According to Boston Business Journal revenue generated by 25 of the largest manufacturer in Massachusetts rose to acombined $64.3 billion in a 4 percent gain over the group's totak in 2005. The sample companies appearedd onthe BBJ's list of the 50 largest manufacturersz for two years Despite that top-line growth among the commonwealth'x biggest players, the state's manufacturers actuallh cut jobs last year. Massachusettse manufacturing companies shrank their ranksslightlyy -- employing 296,200 peoplre in August, down 1 percent from a year ago, accordingb to statistics from the Executive .
Expertsw say the disconnect betweebn revenue and jobs stems from advanced in technology and the offshoring ofassembly "They have invested money in research and development in areasd that make them more efficient," said Bria n Gilmore, executive vice president of the . He added that high business costs, such as property drive manufacturers away. AIM estimatexs the state has lost 200,000 manufacturin jobs in the past decade. in Hopkinton says that, despit e the growing pressure to move manufacturing operations its manufacturing facilities in the Bay State remain an importantt part ofits operations. The data storage giant'sx 2006 revenue grew to $11.
2 billion, up 15 percent from the prior year, placing it second on the BBJ'ss list of top the 50 manufacturers. "We'vew done a lot to maintain our capabilities saidMike Kerouac, EMC'sz senior vice president for global manufacturing. "It's worked out very well for The companyemploys 8,600 peoplse in Massachusetts, but has other facilities in North Carolina, eastern Europe and Kerouac said the company feelsw it is important to maintain facilitieas close to its markets. Having existing facilities in the state is an economic incentivedto stay, he added.
"Once you've buil t that leverage, it's very hard to build an economi model that would take thosdejobs away," he said. But not all manufacturersd choose to produce theirwaress here. in Marlborough reported that revenue rose almosyt 6 percentto $1.3 billion last ranking it 10th on the BBJ's manufacturingf list. But the company does most of its manufacturinhthrough China-based , a company it acquired from in 3Com says it is strategically and financially necessary to outsourcse much of its work, but that its Massachusetts operations are stilo strategic assets. "A lot of the innovation starts in saidJohn Vincenzo, 3Com's vice president of marketing.
"It's a big portion of what we're doing globally." The largestf Massachusetts manufacturer, in Waltham, is one of the few companies that addedf Massachusetts jobs despite a slip in A company spokesperson declinerd to comment on its manufacturing outpuf inthe state. The company has two manufacturing in Andoverand Sudbury. As for the the state's manufacturing sector will likely rely onthe commonwealth'zs ability to remain a research and developmenty hub, Gilmore said. Tech manufacturers "don't necessarilyh have to competeon price," he "They compete on technology.
" Kerouavc added, "Massachusetts is never goingh to be the cheapest placer to do manufacturing. Companies rely on the qualityg of education and the sunk cost of existing facilitieas to outweighthe costs."
Wednesday, 31 August 2011
Republic purchase of Frontier approved - Wichita Business Journal:
husolumiz.wordpress.com
Under a plan announcexd June 22, Indianapolis-based Republic Airways (NASDAQ: would pay $109 million to buy Denver-baser Frontier’s equity. Frontier woulf become a wholly-owned subsidiary of The company said last month that it does not expecrt any immediate changes incompangy structure, employment or routes as a result of the plan and that Frontierr would continue to fly under its own name. But which has two daily flights outof Wichita'sd Mid-Continent Airport, has not said whethet it would keep its headquarters in and a June company statement hinted that some staff cuts are possible. Frontier filed its proposed reorganization plan with the of the Southerh District ofNew York.
Judge Robert Drainn approved the proposal after a hearing Monday morning. “We are pleased with the rulinvg today and look forward to continuingg the process towardour emergence,” said Steve Snyder, corporatre communications director for Frontier. The decision sets into place a month-lonb auction process in which other companied will have the chance tooutbid Republic. Interested bidders must submit initial proposalsaby Aug. 3 and a final proposa by Aug. 10.
Frontier will conduct an auction the next day to determinre whether it willaccept Republic’e investment agreement or whether it will terminats it and accept what it considers a higherr or otherwise better bid from someoned else. Airline consultant Mike Boyd said in June that he did not expecy anyone to try to outbide Republicfor Frontier. If that were to happen, any highef bid likely would comefrom Dallas-basexd , which is in direct competition with Frontier for passengers, he Frontier is the second-largest carrie r at DIA, while Southwest is third. United Airlines is the largest carriert atthe airport.
Assuming no higher bids are the bankruptcy court would then sign off on thereorganizatioh plan. Frontier filed for Chapter 11 in Apriol 2008 after ofGreenwood Village, its credit card began holding back 100 percent, rather than 45 of Frontier’s credit card transactions. After the the airline began a 14-month procesz of trimming fat fromits budget, selling off unneeded jets and becoming more efficient. Largelyt because of those efforts, Frontier has posted sevebn straight months of It recently reporteda “load -- the percentage of its seats filled with passengers -- of 89 with 90 percent considered a positive benchmarjk in the industry.
Republic Airlined is one of Frontier’s major unsecured having fileda $260 million damage claim for Frontier’s breaking an agreement with Republic to operat regional jet service after Frontier filesd for bankruptcy protection. Republic Airlinese had signed a 13-year agreement with Frontier in Januaryu 2007 to operate 17 planesfor Frontier’xs regional jet service, but that deal was the firsty contract Frontier sought to break aftedr its bankruptcy filing. Even at the time, Republicx Airways Holdings CEO Bryan Bedfordcomplimented Frontier, sayin the company had enjoyed its partnership with the airline and had a lot of respecrt for its people.
In August Republic Airways Holdings, Credit Suissee Securities of New York and AQR Capitalk of Connecticut offered Frontier animmediate $30 milliojn in working capital with the possibility of anothed $45 million in the future. In March of this Frontier received a commitmentfor $40 millio n in post-petition debtor-in-possession (DIP) financinbg from Republic Airways Holdings to support its working additionakl capital needs. As part of that Frontier agreed toallo Republic’s damage claim in the amount of $150 Monday’s approved reorganization plan calls for Frontier’s generakl unsecured creditors to receive $28.
75 million in with an additional $40 million of the sale proceeds appliesd as repayment of the outstandinfg DIP loan. If approved, the company’s current equity would be extinguishe and holders of that equitty would not receiveany recovery. “This agreemen t represents a major milestone in our ongoing efforts to positioh Frontier to emerge from bankruptct asa competitive, sustainable airline,” Frontier President and CEO Sean Menkes said last month.
Under a plan announcexd June 22, Indianapolis-based Republic Airways (NASDAQ: would pay $109 million to buy Denver-baser Frontier’s equity. Frontier woulf become a wholly-owned subsidiary of The company said last month that it does not expecrt any immediate changes incompangy structure, employment or routes as a result of the plan and that Frontierr would continue to fly under its own name. But which has two daily flights outof Wichita'sd Mid-Continent Airport, has not said whethet it would keep its headquarters in and a June company statement hinted that some staff cuts are possible. Frontier filed its proposed reorganization plan with the of the Southerh District ofNew York.
Judge Robert Drainn approved the proposal after a hearing Monday morning. “We are pleased with the rulinvg today and look forward to continuingg the process towardour emergence,” said Steve Snyder, corporatre communications director for Frontier. The decision sets into place a month-lonb auction process in which other companied will have the chance tooutbid Republic. Interested bidders must submit initial proposalsaby Aug. 3 and a final proposa by Aug. 10.
Frontier will conduct an auction the next day to determinre whether it willaccept Republic’e investment agreement or whether it will terminats it and accept what it considers a higherr or otherwise better bid from someoned else. Airline consultant Mike Boyd said in June that he did not expecy anyone to try to outbide Republicfor Frontier. If that were to happen, any highef bid likely would comefrom Dallas-basexd , which is in direct competition with Frontier for passengers, he Frontier is the second-largest carrie r at DIA, while Southwest is third. United Airlines is the largest carriert atthe airport.
Assuming no higher bids are the bankruptcy court would then sign off on thereorganizatioh plan. Frontier filed for Chapter 11 in Apriol 2008 after ofGreenwood Village, its credit card began holding back 100 percent, rather than 45 of Frontier’s credit card transactions. After the the airline began a 14-month procesz of trimming fat fromits budget, selling off unneeded jets and becoming more efficient. Largelyt because of those efforts, Frontier has posted sevebn straight months of It recently reporteda “load -- the percentage of its seats filled with passengers -- of 89 with 90 percent considered a positive benchmarjk in the industry.
Republic Airlined is one of Frontier’s major unsecured having fileda $260 million damage claim for Frontier’s breaking an agreement with Republic to operat regional jet service after Frontier filesd for bankruptcy protection. Republic Airlinese had signed a 13-year agreement with Frontier in Januaryu 2007 to operate 17 planesfor Frontier’xs regional jet service, but that deal was the firsty contract Frontier sought to break aftedr its bankruptcy filing. Even at the time, Republicx Airways Holdings CEO Bryan Bedfordcomplimented Frontier, sayin the company had enjoyed its partnership with the airline and had a lot of respecrt for its people.
In August Republic Airways Holdings, Credit Suissee Securities of New York and AQR Capitalk of Connecticut offered Frontier animmediate $30 milliojn in working capital with the possibility of anothed $45 million in the future. In March of this Frontier received a commitmentfor $40 millio n in post-petition debtor-in-possession (DIP) financinbg from Republic Airways Holdings to support its working additionakl capital needs. As part of that Frontier agreed toallo Republic’s damage claim in the amount of $150 Monday’s approved reorganization plan calls for Frontier’s generakl unsecured creditors to receive $28.
75 million in with an additional $40 million of the sale proceeds appliesd as repayment of the outstandinfg DIP loan. If approved, the company’s current equity would be extinguishe and holders of that equitty would not receiveany recovery. “This agreemen t represents a major milestone in our ongoing efforts to positioh Frontier to emerge from bankruptct asa competitive, sustainable airline,” Frontier President and CEO Sean Menkes said last month.
Monday, 29 August 2011
Royal Standard Transitions Existing Bridge Loan Into US$8000000 Gold Stream ... - MarketWatch (press release)
mytyhona.wordpress.com
Royal Standard Transitions Existing Bridge Loan Into US$8000000 Gold Stream ... MarketWatch (press release) ("Manhattan") has now amended its existing senior secured bridge loan (the "Bridge Loan") with Waterton Global Value, LP ("Waterton") such that the Bridge Loan has been transitioned into a more permanent senior secured gold stream debt facility (the ... |
Saturday, 27 August 2011
YRC Worldwide sells HQ to load up more cash - Portland Business Journal:
ekaterinaiuvo.blogspot.com
But it didn’t go far. A grou of local investors led by Ken Blocok andSteve Block, principals of Kansasz City real estate firm , boughyt the Overland Park headquarters in a sale-leaseback deal that includee a potential 30-year lease for YRC. The company did not disclos e the priceor buyer, and Ken Block said he couldn’g comment because of a confidentiality but a YRC Securities and Exchange Commissiob filing suggests the purchase price was $22.5 Johnson County lists the property’s appraised value at closed to $25 million.
“The monetizatio of real estate assets is a part ofYRC Worldwide’s ongoin g financial strategy to weather the (economic) recessio and enhance its liquidity position,” YRC said in a statemeng e-mailed to the Kansas City Business Journao . “The YRC Worldwide corporate headquarters is and will continue to be locatedd in theOverland Park, location.” YRC said the deal was part of $176 milliomn in property sales and sale-leasebacks completed in the first which ended March 31. But according to the , the deal closed May 1. The lease has an initiap term of10 years, plus two 10-yeare renewal options, YRC said. The sale includedc two buildings, the company said.
Appraiser’s office records list the property as having a tota building areaof 295,000 square feet, builty in 1972, on 21.5 acres. The transactio appears to be reflectedin YRC’s first-quarter SEC filing as a Marc h 31 office complex deal for $22.54 million, which minus transaction costs equaled $19.98 million. Annual lease payments will be about $3.4 However, the assets and long-term debt in the amount of the proceedsx remainon YRC’s balance sheet. Half the proceedzs went into anescroew account; the rest were used to pay down YRC’s credirt facility, the filing said.
The price, about $76 a squarwe foot, is consistent with that of oldef Class B office properties in SouthernJohnson County, said Tim executive vice president of . Office buildings in that area can rangdefrom $70 to $160 a square foot for Classa B-minus through Class A spacwe and various tenant situations, he The property never was publiclu on the market, Schaffer said. Other price factors include the tenant’s credit, the reuse potential of the risk level, the age, the agreed-upon rent, and taxes and operating costs.
“You’ve got to assume when you’re buying it that you’ve got a good ulterior plan in case thatcompanyy doesn’t exist at some point during that 30-yeare lease,” Schaffer said. “It speaks to the quality of the locationb for a group to take that levelof risk.” The which looms over Interstate 435 on Roe Avenue, offeres “some pretty amazing opportunities that don’r exist anywhere else in a mature environment like that,” he said. Analyst David Silver of said YRC’x property sales provide vital liquidity in theshort term.
Long term, they force YRC to focus on its core holdingxs and integrate intoa single, solifd company, he said. YRC seems to be accepting low said Silver, who doesn’t own YRC shares. “People that they’rre selling to see blood in thewatef — they’re really taking advantage,” he said. “Three yeares ago, if they had sold, they woulfd have gotten much bette values. But they’re getting somewhat fair values.” YRC which posted a $257.
4 milliojn loss in the first quarter — has cut wages in exchangre for ownership inthe company, eliminateed thousands of jobs, amended bank covenantds and begun negotiating to defetr $120 million in union pension fund payments usin real estate as With slumping freight the company accelerated the integration of subsidiaries, creatint excess property and layoffs. In the second YRC expects to doabout $200 million in sale-leasebacks, Chairman and CEO Bill Zollars said in a recenyt presentation. The company plans at least $100 millio n in excess property sales this he said. Analyst Lee Klaskow of , who doesn’tt own YRC shares, predicted earnings of 2 cents a shars for allof 2010.
Silver estimatex a return to profitability by the secondd quarterof 2010.
But it didn’t go far. A grou of local investors led by Ken Blocok andSteve Block, principals of Kansasz City real estate firm , boughyt the Overland Park headquarters in a sale-leaseback deal that includee a potential 30-year lease for YRC. The company did not disclos e the priceor buyer, and Ken Block said he couldn’g comment because of a confidentiality but a YRC Securities and Exchange Commissiob filing suggests the purchase price was $22.5 Johnson County lists the property’s appraised value at closed to $25 million.
“The monetizatio of real estate assets is a part ofYRC Worldwide’s ongoin g financial strategy to weather the (economic) recessio and enhance its liquidity position,” YRC said in a statemeng e-mailed to the Kansas City Business Journao . “The YRC Worldwide corporate headquarters is and will continue to be locatedd in theOverland Park, location.” YRC said the deal was part of $176 milliomn in property sales and sale-leasebacks completed in the first which ended March 31. But according to the , the deal closed May 1. The lease has an initiap term of10 years, plus two 10-yeare renewal options, YRC said. The sale includedc two buildings, the company said.
Appraiser’s office records list the property as having a tota building areaof 295,000 square feet, builty in 1972, on 21.5 acres. The transactio appears to be reflectedin YRC’s first-quarter SEC filing as a Marc h 31 office complex deal for $22.54 million, which minus transaction costs equaled $19.98 million. Annual lease payments will be about $3.4 However, the assets and long-term debt in the amount of the proceedsx remainon YRC’s balance sheet. Half the proceedzs went into anescroew account; the rest were used to pay down YRC’s credirt facility, the filing said.
The price, about $76 a squarwe foot, is consistent with that of oldef Class B office properties in SouthernJohnson County, said Tim executive vice president of . Office buildings in that area can rangdefrom $70 to $160 a square foot for Classa B-minus through Class A spacwe and various tenant situations, he The property never was publiclu on the market, Schaffer said. Other price factors include the tenant’s credit, the reuse potential of the risk level, the age, the agreed-upon rent, and taxes and operating costs.
“You’ve got to assume when you’re buying it that you’ve got a good ulterior plan in case thatcompanyy doesn’t exist at some point during that 30-yeare lease,” Schaffer said. “It speaks to the quality of the locationb for a group to take that levelof risk.” The which looms over Interstate 435 on Roe Avenue, offeres “some pretty amazing opportunities that don’r exist anywhere else in a mature environment like that,” he said. Analyst David Silver of said YRC’x property sales provide vital liquidity in theshort term.
Long term, they force YRC to focus on its core holdingxs and integrate intoa single, solifd company, he said. YRC seems to be accepting low said Silver, who doesn’t own YRC shares. “People that they’rre selling to see blood in thewatef — they’re really taking advantage,” he said. “Three yeares ago, if they had sold, they woulfd have gotten much bette values. But they’re getting somewhat fair values.” YRC which posted a $257.
4 milliojn loss in the first quarter — has cut wages in exchangre for ownership inthe company, eliminateed thousands of jobs, amended bank covenantds and begun negotiating to defetr $120 million in union pension fund payments usin real estate as With slumping freight the company accelerated the integration of subsidiaries, creatint excess property and layoffs. In the second YRC expects to doabout $200 million in sale-leasebacks, Chairman and CEO Bill Zollars said in a recenyt presentation. The company plans at least $100 millio n in excess property sales this he said. Analyst Lee Klaskow of , who doesn’tt own YRC shares, predicted earnings of 2 cents a shars for allof 2010.
Silver estimatex a return to profitability by the secondd quarterof 2010.
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