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spokesman Frank Raczkiewicz confirmed the resignation Oxendale will remain through the endof 2009. He also is resigning the presidencyof Children’s foundation, a position he has held sincre 2008. Oxendale, who was traveling Tuesday was notimmediately available. He joinef the hospital 14 years ago asits CFO. He becamde COO in 2000 and replaced Ron Violi as president and CEOin 2005. Oxendales dropped the president title when he took the post at the foundationjlast year.
Children’s spokesma Marc Lucasiak said the organization will be conducting a searchn to fill the foundation position but will not continue the CEO Christopher Gessner will continue to serve as presiden tof Children’s Hospital. He was appointed in 2008 after eight yearx as chiefoperating officer. Children’sa in Pittsburgh’s Lawrenceville neighborhood May 2. It launchedd a $100 million capital campaign last fall to help payfor it. John vice president of Witt/Kieffer, a recruitment firm specializiny in thenonprofit sector, said it will be tougyh to find a new president for the but that Children’s is “well to attract strong prospects.
“It’s becominf increasingly more difficult tofind top-notch developmeng and advancement professionals,” Thornburgh “But I believe Children’s is in a strongerf position because of its reputation. The new building will be an asseg in recruitingexcellent candidates, and, frankly, fundraising for children’a causes is something that the community respondsz to better than otherd nonprofits.
”
Thursday 28 April 2011
Tuesday 26 April 2011
Regions Bank gets control of Treasure Island Tennis & Yacht Club - Pacific Business News (Honolulu):
moakhamet84.blogspot.com
Judge Caryl E. Delano of the ’w Middle District of Florida, approvedd a plan Wednesday that would turn over the Treasurre Island Causeway clubto . Keys are expected to be turnee over by the end of the day The changing of hands was part of a revisedc reorganization plan filed in March by theTennis & Yachtf Club following its Chaptere 11 bankruptcy. “The court’s ruling todahy provides a mechanism for a distinct bank subsidiary to take totaol ownership of all club assetes in a manner thatis faster, less expensive and leastf intrusive to the operation” of the club, said John Anthonuy of , who represented Regions Bank in the in a statement.
The takeover will allow Regions Bank to market the 17 waterfronft acres topotential buyers, Anthony said. When the Tennia & Yacht Club filed for bankruptcy, it reportef assets and liabilitiesbetween $1 millionm and $10 million. The club’s largestt unsecured creditor last October was of Palmettofor However, the club owed Regions Bank as much as $9.5 which owned the mortgage on the property. The club issue taxable variable rate demanfd bondsfor $6 million throug Regions Bank in September 2005 to help finance constructiojn on a new clubhouse, which was completerd in early 2008. The club issued a secondf bond in March 2006for $1 milliomn and a third in April 2007 for $1.
8 Regions Bank provided letters of creditr for both, according to courtg documents. The Tennis & Yacht Club paid its principal on the debt inOctobeer 2008, but its efforts to have Regions Bank restructure the loan were forcing the club into bankruptcy. Employees at the club are expectefd to remain on the payroll during the and scheduledactivities — including this weekend’s Fourthb of July event — will continue as planned, Anthonyu said. The Tennis & Yacht Club was foundedx in 1986 and as of its bankruptcy filingb had450 members, accordinb to court documents.
Judge Caryl E. Delano of the ’w Middle District of Florida, approvedd a plan Wednesday that would turn over the Treasurre Island Causeway clubto . Keys are expected to be turnee over by the end of the day The changing of hands was part of a revisedc reorganization plan filed in March by theTennis & Yachtf Club following its Chaptere 11 bankruptcy. “The court’s ruling todahy provides a mechanism for a distinct bank subsidiary to take totaol ownership of all club assetes in a manner thatis faster, less expensive and leastf intrusive to the operation” of the club, said John Anthonuy of , who represented Regions Bank in the in a statement.
The takeover will allow Regions Bank to market the 17 waterfronft acres topotential buyers, Anthony said. When the Tennia & Yacht Club filed for bankruptcy, it reportef assets and liabilitiesbetween $1 millionm and $10 million. The club’s largestt unsecured creditor last October was of Palmettofor However, the club owed Regions Bank as much as $9.5 which owned the mortgage on the property. The club issue taxable variable rate demanfd bondsfor $6 million throug Regions Bank in September 2005 to help finance constructiojn on a new clubhouse, which was completerd in early 2008. The club issued a secondf bond in March 2006for $1 milliomn and a third in April 2007 for $1.
8 Regions Bank provided letters of creditr for both, according to courtg documents. The Tennis & Yacht Club paid its principal on the debt inOctobeer 2008, but its efforts to have Regions Bank restructure the loan were forcing the club into bankruptcy. Employees at the club are expectefd to remain on the payroll during the and scheduledactivities — including this weekend’s Fourthb of July event — will continue as planned, Anthonyu said. The Tennis & Yacht Club was foundedx in 1986 and as of its bankruptcy filingb had450 members, accordinb to court documents.
Sunday 24 April 2011
Space Systems/Loral to build satellite for XM Radio - Silicon Valley / San Jose Business Journal:
idellecromwell1991.blogspot.com
Terms of the contract were not nor has thePalo Alto-base d subsidiary of (OTC: LORBQ) said where it will build the "This order from XM, our fourth commercial satellits award in 2005, validates SS/L's leadershilp in the industry," says Bernard Schwartz, chairman and CEO of Lorapl Space & Communications, in a writtejn statement. "We are exceedingly proud of SS/L for continuingv to gain market share in the satellit e manufacturing industry underchallenging circumstances." Scheduled for deliveru in 2007, the satellite has an on-orbit desig n life of 15 years and is designedd as one of the world'se most powerful communications satellites.
has builyt XM's three in-orbit satellites (launchexd by ). Boeing also is completing the construction of which will be available for launchin 2006. XM is the largest of the nation's two subscriptiomn based satelliteradio services, claiming more than 4 million
Terms of the contract were not nor has thePalo Alto-base d subsidiary of (OTC: LORBQ) said where it will build the "This order from XM, our fourth commercial satellits award in 2005, validates SS/L's leadershilp in the industry," says Bernard Schwartz, chairman and CEO of Lorapl Space & Communications, in a writtejn statement. "We are exceedingly proud of SS/L for continuingv to gain market share in the satellit e manufacturing industry underchallenging circumstances." Scheduled for deliveru in 2007, the satellite has an on-orbit desig n life of 15 years and is designedd as one of the world'se most powerful communications satellites.
has builyt XM's three in-orbit satellites (launchexd by ). Boeing also is completing the construction of which will be available for launchin 2006. XM is the largest of the nation's two subscriptiomn based satelliteradio services, claiming more than 4 million
Thursday 21 April 2011
Genmar warranties still good - San Antonio Business Journal:
ezelik.wordpress.com
Tracy Carrell says the letter came after boat manufacturedr on Monday filed for Chapter 11bankruptcyg protection. Genmar owns 15 different brandof boats, which means dealers everywherwe are impacted. She says cash customers for boatd at her dealership haveremained strong. But trouble financinf in the current economy means others have been forced tohold off. “Thre boating business has been affectedx a lot likecars have,” she The petition to reorganize its debtsz was filed in U.S. Bankruptcy Court in Minneapolis where the company isheadquartered — alongb with more than 20 related subsidiaries. Genmar has betweenn 100 and 199 creditors.
It lists its assets in the rageof $10 millio n to $50 million and its liabilities betweenb $100 million and $500 million, accordingf to court documents. The largestr unsecured creditorsare Maslon, Edelman, Brand, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in is owed $155,800. The only secured creditorws are and FifthThird Bank, accordinv to a story in the Minneapolis Star Tribune. Genmatr said it has received commitment fora debtor-in-possession (DIP) financing proposal from both banks.
In a Genmar Chairman, CEO and largest shareholdefr Irwin Jacobs said sales ofthe company’e fishing boats, luxury yachts and other products startedf to decline in 2008, but worsened in receny months. The company’s sales in fiscalo 2009, which ends in June, are likely to be about $460 million, off by more than 50 percentr fromfiscal 2008. “If someon e would have said to me as recently as even one montnh ago that Genmar would someday be filing forChapter 11, I woulxd have said it was not even a remotwe possibility,” Jacobs said. Genmar had been making some strategy changes in recent announcing plans to launch a lineof less-expensive aluminum boats.
A spinoff Greenville, Pa.-based VEC and other Jacobs-related companies aren’t included in the filing. VEC is now in the businese of making giant bladesfor energy-generating windmills. Law firm Fredrikson & Byronh in Minneapolis, is representing Genmar in thebankruptcgy case.
Tracy Carrell says the letter came after boat manufacturedr on Monday filed for Chapter 11bankruptcyg protection. Genmar owns 15 different brandof boats, which means dealers everywherwe are impacted. She says cash customers for boatd at her dealership haveremained strong. But trouble financinf in the current economy means others have been forced tohold off. “Thre boating business has been affectedx a lot likecars have,” she The petition to reorganize its debtsz was filed in U.S. Bankruptcy Court in Minneapolis where the company isheadquartered — alongb with more than 20 related subsidiaries. Genmar has betweenn 100 and 199 creditors.
It lists its assets in the rageof $10 millio n to $50 million and its liabilities betweenb $100 million and $500 million, accordingf to court documents. The largestr unsecured creditorsare Maslon, Edelman, Brand, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in is owed $155,800. The only secured creditorws are and FifthThird Bank, accordinv to a story in the Minneapolis Star Tribune. Genmatr said it has received commitment fora debtor-in-possession (DIP) financing proposal from both banks.
In a Genmar Chairman, CEO and largest shareholdefr Irwin Jacobs said sales ofthe company’e fishing boats, luxury yachts and other products startedf to decline in 2008, but worsened in receny months. The company’s sales in fiscalo 2009, which ends in June, are likely to be about $460 million, off by more than 50 percentr fromfiscal 2008. “If someon e would have said to me as recently as even one montnh ago that Genmar would someday be filing forChapter 11, I woulxd have said it was not even a remotwe possibility,” Jacobs said. Genmar had been making some strategy changes in recent announcing plans to launch a lineof less-expensive aluminum boats.
A spinoff Greenville, Pa.-based VEC and other Jacobs-related companies aren’t included in the filing. VEC is now in the businese of making giant bladesfor energy-generating windmills. Law firm Fredrikson & Byronh in Minneapolis, is representing Genmar in thebankruptcgy case.
Tuesday 19 April 2011
DirecTV to launch premium video on demand Thursday with 'Just Go With It' - Los Angeles Times
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DirecTV to launch premium video on demand Thursday with 'Just Go With It' Los Angeles Times After much feuding among studios and theaters over early delivery of movies to the home, DirecTV is ready to "Just Go With It." The El Segundo-based satellite television provider will launch so-c » |
Sunday 17 April 2011
Fred
http://ufazywyve.wordpress.com
The Memphis-based discount retailer reported salesof $134. 7 million for May, down 6 percent comparef to salesof $143. million in May 2008. Thess numbers include Fred’s (NASDAQ: FRED) closing 74 underperforminv stores and23 pharmacies. Excluding those stores, Fred’w sales increased 1 percent compared tolast May. Comparable store sales in May rose 0.2 percent, down compared to 3.4 percen in the same period last year. For the firsf four fiscal months of the company reported total salesof $593. 1 million, down 2.4 percent compared to $607.7 million for the same year-ago period.
However, excluding stores closed in 2008, salex from ongoing stores increased 4 perceng compared to thesame four-month period last On a comparable stor e basis, year-to-date sales increased 2.1 percent compared to 2.4 percenrt last year. Fred’s opened one new pharmacy in May. Fred’as operates 666 discount merchandisre stores, including 24 franchised storesw nationwide. Shares closed down 12 cents to $14.2q2 per share Wednesday.
The Memphis-based discount retailer reported salesof $134. 7 million for May, down 6 percent comparef to salesof $143. million in May 2008. Thess numbers include Fred’s (NASDAQ: FRED) closing 74 underperforminv stores and23 pharmacies. Excluding those stores, Fred’w sales increased 1 percent compared tolast May. Comparable store sales in May rose 0.2 percent, down compared to 3.4 percen in the same period last year. For the firsf four fiscal months of the company reported total salesof $593. 1 million, down 2.4 percent compared to $607.7 million for the same year-ago period.
However, excluding stores closed in 2008, salex from ongoing stores increased 4 perceng compared to thesame four-month period last On a comparable stor e basis, year-to-date sales increased 2.1 percent compared to 2.4 percenrt last year. Fred’s opened one new pharmacy in May. Fred’as operates 666 discount merchandisre stores, including 24 franchised storesw nationwide. Shares closed down 12 cents to $14.2q2 per share Wednesday.
Thursday 14 April 2011
D.C. Mayor taps Valerie Santos as deputy mayor - Austin Business Journal:
mooth35byh.blogspot.com
Santos, as chief operating officer under Albert, has been closely involved in decision-makiny on many of the real estate deals Albert including major city projects such asPopladr Point. Albert began his new job as city administratofon Monday, replacing Dan who is taking a job in the Obama "In Ms. Santos, we not only have a steady hand who knowsthe job, we have someonde who is a consummate professional who will bring private-sector talents to get the job Fenty said. Santos was previously a vice presidengt at commercial real estate services firm and a managetrwith 's real estated group.
She holds both an MBA and master'es of public policy from the Kennedh School of Governmentat . Santo s has displayed a no-nonsense approacuh appearing as Albert’s stand-in to testifg at D.C. Council meetings and in public forums representing the city when hewas unavailable. She is already gettin her feet wet in dealing with the political aspectws ofthe job. On Tuesday, when the D.C. Councipl was busy squaring away final detailes of budgetimplementation legislation, Santos and Albert’s other top Director of Development David moved around the Wilson Building seeking changew from council members. Santos apparently was not Fenty’x initial choice to be deputy mayor.
Greg O’Dell, Washingtom Convention Center Authority CEO and a former staffd member of thedeputy mayor’s had been considered a top candidate to replace but a source closes to O'Dell says he was offere the job and turned it O’Dell would not confirm that, but indicated he woulrd remain in his current post, wher e he is now tasked with seeking public financing for all of a $550 million convention center hotel. “The board and the mayor have ever expectation of me completing all the tasks I have he said. Fenty would not say whether he had offeref the jobto O’Dell or anyone else beforde Santos.
He announced the pick outside the Walker JonexElementary School, which is beingf rebuilt as part of a new Northwest One and said she was “the first person who has risenh to the deputy mayor’s position from within the ranks.” “I think it’s a greart sign for the D.C. government that not only does Valerie Santoxs have amazing experience in the private sector butthat she’x been hard at work servingh the people of the Districgt of Columbia for the last two years,” the mayor He said Santos shared the vision that he and Alberr had for how economic development in the city should be run, not by owning or overly managingh projects but by allowing the private sectot to bring ideas to the “We should try to just facilitate We’ve got the greatest businessa community in the world here in D.
C. We don’t need to try to replicatwe what they’re doing. We don’t need an emphasis on owning or building inthe D.C. government. We need to And to do so, we need to hire the best and the brightestyand we’ve done that.” Santos, 36, who lives in Columbiz Heights, was working for Jones Lang LaSalle as a consultantt to the city when Albert -- whom she callec a mentor -- recruited her to work for him. She is believeds to be the first woman to serves in the rolefor D.C. and will managse 65 employees and as well as overse e the Officeof Planning, Department of Housing and Community the Office of Propertt Management and the Washington D.C.
Economic Partnership, a “In the coming weeks my goal is to ensure asmoothu transition, which I expect will be relatively easy, because I am very fortunate to manage a very talented and skillef team,” she said. She said she would continu e to move projects all overthe city, with a particula r focus on those east of the Anacostia such as the planned redevelopmenty of St. Elizabeths Hospitakl in Southeast D.C. “We will continue to focus on implementin gMayor Fenty’s vision for economi development.
In the contex of the current economic climate, we will focus on businesx attraction andretention efforts, and in continuinbg to provide tools to allow our local business and not-for-profits to grow,” she A member of the D.C. Councik who regularly butts heads with CouncilmanKwame Brown, D-at large and chair of the economicc development committee, issued a prese release during the announcement saying he was disappointef he was not invited but saying Santos “has the experience and the operational knowledge” for the job and that her appointmenyt was “an opportunity to forge a new relationship between the Counciol and the executive to create jobs for District new opportunities for locap businesses, more affordable housing and to efficiently move projects to
Santos, as chief operating officer under Albert, has been closely involved in decision-makiny on many of the real estate deals Albert including major city projects such asPopladr Point. Albert began his new job as city administratofon Monday, replacing Dan who is taking a job in the Obama "In Ms. Santos, we not only have a steady hand who knowsthe job, we have someonde who is a consummate professional who will bring private-sector talents to get the job Fenty said. Santos was previously a vice presidengt at commercial real estate services firm and a managetrwith 's real estated group.
She holds both an MBA and master'es of public policy from the Kennedh School of Governmentat . Santo s has displayed a no-nonsense approacuh appearing as Albert’s stand-in to testifg at D.C. Council meetings and in public forums representing the city when hewas unavailable. She is already gettin her feet wet in dealing with the political aspectws ofthe job. On Tuesday, when the D.C. Councipl was busy squaring away final detailes of budgetimplementation legislation, Santos and Albert’s other top Director of Development David moved around the Wilson Building seeking changew from council members. Santos apparently was not Fenty’x initial choice to be deputy mayor.
Greg O’Dell, Washingtom Convention Center Authority CEO and a former staffd member of thedeputy mayor’s had been considered a top candidate to replace but a source closes to O'Dell says he was offere the job and turned it O’Dell would not confirm that, but indicated he woulrd remain in his current post, wher e he is now tasked with seeking public financing for all of a $550 million convention center hotel. “The board and the mayor have ever expectation of me completing all the tasks I have he said. Fenty would not say whether he had offeref the jobto O’Dell or anyone else beforde Santos.
He announced the pick outside the Walker JonexElementary School, which is beingf rebuilt as part of a new Northwest One and said she was “the first person who has risenh to the deputy mayor’s position from within the ranks.” “I think it’s a greart sign for the D.C. government that not only does Valerie Santoxs have amazing experience in the private sector butthat she’x been hard at work servingh the people of the Districgt of Columbia for the last two years,” the mayor He said Santos shared the vision that he and Alberr had for how economic development in the city should be run, not by owning or overly managingh projects but by allowing the private sectot to bring ideas to the “We should try to just facilitate We’ve got the greatest businessa community in the world here in D.
C. We don’t need to try to replicatwe what they’re doing. We don’t need an emphasis on owning or building inthe D.C. government. We need to And to do so, we need to hire the best and the brightestyand we’ve done that.” Santos, 36, who lives in Columbiz Heights, was working for Jones Lang LaSalle as a consultantt to the city when Albert -- whom she callec a mentor -- recruited her to work for him. She is believeds to be the first woman to serves in the rolefor D.C. and will managse 65 employees and as well as overse e the Officeof Planning, Department of Housing and Community the Office of Propertt Management and the Washington D.C.
Economic Partnership, a “In the coming weeks my goal is to ensure asmoothu transition, which I expect will be relatively easy, because I am very fortunate to manage a very talented and skillef team,” she said. She said she would continu e to move projects all overthe city, with a particula r focus on those east of the Anacostia such as the planned redevelopmenty of St. Elizabeths Hospitakl in Southeast D.C. “We will continue to focus on implementin gMayor Fenty’s vision for economi development.
In the contex of the current economic climate, we will focus on businesx attraction andretention efforts, and in continuinbg to provide tools to allow our local business and not-for-profits to grow,” she A member of the D.C. Councik who regularly butts heads with CouncilmanKwame Brown, D-at large and chair of the economicc development committee, issued a prese release during the announcement saying he was disappointef he was not invited but saying Santos “has the experience and the operational knowledge” for the job and that her appointmenyt was “an opportunity to forge a new relationship between the Counciol and the executive to create jobs for District new opportunities for locap businesses, more affordable housing and to efficiently move projects to
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