Wednesday, 29 June 2011
Living the good life: Randy Fleisher of L.J. Melody & Co. - Dallas Business Journal:
and a structured financing on the condo conversion ofthe 176-unity Williamsburg Townhomes. After earning a law degree from the University of where he participated onthe school'sx gymnastic team, Fleisher practiced law in his nativee Canada for several years before he and his wife picked up and mover to Dallas in 1995. "Canada was going through a horrible recession," he said. "k was practicing real estate law butI wasn't really enjoyinfg what I was doing. My wife is a physicall therapist, and she was getting recruited by companiexs all over the southernUnited States. It was more monehy than what we weremakinfg together.
Finally we said, 'Let'ds go on an adventure.'" The couplee picked Dallas after narrowing theirf choices to Texasand Arizona. "Wes wanted a vibrant economy in a majometropolitan area, and I'm a hockey fanatic, so it had to be a city with a major league hockey franchise," he "We came to Dallas and cranes were everywhere. You coulde just feel the energy here." Fleisheer earned his MBA from the Universit of North Texas while working as an analyst in the investmenf banking division of CB Richard which was subsequently mergedinto L.J. Melody Co.
He said his strategyt is to serve hisclients "so they feel like eitheer I'm a member of their family or the finance arm of theirf company." On Jan. 1 Fleisher was named co-manager of the Dallase office, along with Jay Wagley. He plans to focus on buildinb the firm's market share this while continuing to tend tohis "When I came to Dallas I didn'tr know anyone, but I've been able to develoop a great network of friendas and a great group of clientd and do something that I love," he "I'm waiting for someone to pinchu me and wake me up from this American dream.
"
Monday, 27 June 2011
OSU to continue in-state tuition freeze - Business First of Buffalo:
The university cited enrollment $94 million in cost-saving measures over the past year, and continuerd state support as justificationz for continuing itstuition freeze, which had been state-mandated untik it was lifted because of the cuts in statre support. OSU’s freshman enrollment will reach 6,550 in the an increase of about 400 students from this pastacademic year. OSU spokesman Jim Lynch said that the question of raisintg tuition the following yearis “way too and will depend on several factors, including enrollment state aid and the economy. The revised Ohio budgef gives state schools such as OSU the option of raisingtuitionj 3.
5 percent each of the next two Tuition for Ohio resident undergrads will remaijn frozen at the 2006-07 leveo of $8,406 for the 2009-10 academic year but the freezwe does not include tuition for out-of-state The undergraduate surcharge for non-Ohio residents at the Columbus campus will increase 2.5 percen to $13,572, bringing the annual tuition cost for a non-residenf undergrad to $22,278. The university in June also approvede a series of new student fees for activitieszand services, which will increase the annuao price to $8,706 for full-time Ohio undergraduates. Room and boarrd for three academic quarters will increaseby 4.
6 or $372, to an average of $8,4099 depending on room type and meal Gov. Ted Strickland had vowed to halt tuition hikesat two- and four-yeart state schools this year, but lifted the freezd Friday after the state’s higher-education fundin was cut by $170 million as part of the compromise that led to passager of the state’s $50.5 billion, two-year budget.
Saturday, 25 June 2011
Boosters rally on behalf of Buscetto - TheDay.com
Boosters rally on behalf of Buscetto TheDay.com Buscetto also received letters of support from colleagues throughout Connecticut. Fred Balsamo, the head of the Connecticut Association of Athletic Directors, wrote on Buscetto's behalf as did John Fontana, head of the Connecticut High School Coaches ... |
Wednesday, 22 June 2011
Chamber officials head to D.C. to lobby for ABQ region - Boston Business Journal:
this week to meet elected officials. The delegationh of 23 includes businesspeople, economixc development officials and representatives from the education and nonprofit They are meeting withNew Mexico’s congressional members of President Barack Obama’s administration and nationa l organizations to advocate for issues important to Albuquerqued and the four surrounding counties. and are sponsoring the Delegates are meeting with Secretary ofLabor , U.S. Department of Transportatio n Assistant Secretary for Policy David Matsuda and staff fromthe U.S.
Department of Commerce Economic Development They are also meeting with Marc vice chairman of the National Center for Educatio andthe Economy. Transportation will be one of the delegation’xs primary issues. The delegates will seek funding for the Paseo delNortd interchange, part of a major east-west arterial. The New Mexico Departmentt of Transportation is seeking federal fundingof $350 million from the Americab Recovery and Reinvestment Act’s special grant fund for transportation. A $20 milliojn environmental study is scheduled for completionthis summer.
The group will also seek fundingt for theInterstate 25/ interchange, the Southern Sandovaol County transportation study and the Valencia Countyt I-25 interchange and transportation , where Fidelity has a new service center, is a massive planned development south of the Albuquerque International Sunport. Other companiea at the project includweAdvent Solar; Schott Solar, which is buildingh a production facility; and Albuquerque Studios. The delegation is seeking $500,00o0 for the Sandoval County study to deal with bottleneckzs inRio Rancho, which is connectef to Albuquerque by only two major roads.
The monet for a study of transportation alternatives for southerjn Sandoval County would come fromthe U.S. Department of Transportation’ s Federal Transit Administration. The options mightr include light rail, magnetic levitation trains (maglev), dedicatec bus lanes and high-occupancy vehicle lanes. The delegates are seeking $150 million for design and constructiob of the Valencia County interchangew for a crossing over the Rio Grande Rived inLos Lunas. Sherma n McCorkle, chairman of the Albuquerque Regional Economid Alliance and president and CEO of TechnologyVenturese Corp.
, said about 50 percent of the state’s population is in Albuquerque and the four surrounding and more than 75 percent of the state’s economic activity occursw there. “Given that the guidelines for local use of the federal stimulus funds have not yet been it is very important for our regiona group to provide information that will help focusd these guidelines onjob creation,” he said.
Monday, 20 June 2011
Most SBA lenders expect to lend more due to stimulus - Tampa Bay Business Journal:
That’s according to a survey conductefby , an executive search firm for SBA lenders. An expansio of SBA lending is good news for smalp businessesthat can’t get a conventional loan on favorable Their access to SBA loans has fallen dramaticallyh in recent months. Many lenders have reduceds or eliminated their SBA lending due to high costs and a frozeh secondary market forthe loans. The stimulus bill includeed funds that will enable the SBA to lower or eliminate fees onits loans, increase its guarantere on the loans and create a new program that will offerf bridge loans of up to $35,000 for small businesses having problems making payment s on existing loans.
The legislation also calls for the SBA to offedr loansto broker/dealers that purchase 7(a) businessz loans and then pool them for sale on the secondary It’s important for the SBA to publish new regulation s and procedures for these stimulus programs soon in order for the expecterd expansion of SBA lending to occur, said Tim Terry, presidenft of Terry & Associates. The , meanwhile, also is working to unfreeze the secondary market for SBA loans by offering loane to investors who buy securities backed by SBA loan Only 33 percent of the lenders thought the Fed’s program would increase SBA lending with most saying they needed to wait to see if the program actually does revive the secondary market.
The worstr news in the survey, however, is that 16 percent of thes lenders, all of whom have substantial SBAlendiny programs, plan to make further reductions in their staffse this month. Employment labels will begin to stabilize in the secondr quarter of the according to the Formore information, see sbasearch.com. A monthlu index of small business indicatorz hitits second-lowest level in its 35-year history in The Small Business Optimism Index, basesd on a survey of members, fell 1.5 pointsa to 82.6. Small business owners were increasinglyt pessimistic about their own salez prospects as well as the economyu asa whole.
“It is cleafr that the first quarter of 2009 will be as bad as the fourty quarter oflast year,” said NFIB Chief Economistr William Dunkelberg. For more see nfib.com. U.S. barely in top 10 as far as innovatiobn We’re No. 8! That’se where the United States ranks in a new reportr comparing 110 countries oninnovation leadership. The rankingds were based on a survey ofmanufacturin executives, an analysis of public policies and measurements of outputa ranging from patents to business performance. The study was conducted by , the and its . Singapore was No. 1 in followed by South Korea and Switzerland. “U.S.
manufacturing innovatio leadership isat risk,” said NAM President John “We’ve fallen behind countries in East Asia and The United States can climb back up to the top by “enacting more competitive tax, tradse and work force policies,” Engler “A skilled, educated work force is the most criticakl element of innovation — and the hardesyt asset to acquire,” said Emily Stove DeRocco, president of the Manufacturingv Institute. “The study showx that in companies andcountries alike, a high numberd of researchers and advanced degrees particularly in science and engineering are the greatest predictor of success.
” The best states in the Unite State for innovation are California, Connecticut, Delaware, New York and Washington, according to the report.
Saturday, 18 June 2011
C-sections, birth costs up in Central Florida - Minneapolis / St. Paul Business Journal:
New state numbers for July 2007-June 2008 releaserd in May show the rates of cesarean sections at ’s , ’s main downtowhn Orlando campus and its nearly doubled in the past eigh years, but also are above state and nationak averages. The data showed 222,814 total births in Florida last with 39 percent of deliveries done by up from 26 percentin 2000. “Fortyu percent is excessive,” said Brian a Jacksonville-based health care analyst. Those higher in turn, mean highert medical costs, since C-sections are medicallyy riskier, involve longer hospitapl stays and tend to cost about twice as much asvaginal births.
“It drives up health care costs unnecessarily,” said which means everyone pays morein However, there’s no reason to believes the trend will slow down anytime After all, insurance companies said they pay the billss for C-sections without question. If a C-section is insurers assume it wasmedicallty necessary. “It’s the doctor’s call,” said spokesmab Walt Cherniak. C-sections are big money for doctors and More than 31 percentof U.S births are now by cesareabn section, although a 5 to 10 percenty rate is best for mothers and babies, said an Octobe 2008 report by the nonprofit Childbirth Connection. The extra cost is more than $2.5 billioj annually.
Hospital charges overall for maternal and newborn carewere $86 billionj in 2006. The average cost for a C-section statewide rangex from $12,000 to $20,000, while a vagina delivery costs $6,000 to $11,000, said the state Agency for HealthCare Administration. Locally, Nashville-basef ’s in Sanford charges the most in Central Floridz fora C-section, up to $24,704, said state In Florida, in Hialeah charges the up to $30,826. Executives at Central Florida Regional Hospital did not returm callsfor comment. Vilma H. Medio, spokeswoman for Palmetto General Hospital, said hospitakl pricing is a complex issue and a singl case with complications can have a significant effectg onthese numbers.
Top Liability, obesity Doctors readily admit C-sections cost more and sometimes are done But they point to one big reason for the increaswe in the procedure hereand liability. “There’s an old saying [amonvg Ob/Gyns] that you never get sued for doing a said Dr. D. Ashley Hill, chieff of obstetrics for Florida Hospital Orlando and one of eight doctord at the practice onPrinceton Street. If the Obamsa administration — which is mulling a national health plan and pushiny to cut unnecessary healthcostsx — advocates reducing C-sections, it shouldr offer more protection for doctors from he said.
The 42 percent C-section rate for Florida Hospital Orlando is related to the numberof high-risk patientsa it cares for in the he said. For Hill said his C-section rate is about 40 percent but at least half of his patientsare high-risok cases. His low-risk patientas have a 12 percent C-section rate. Orlandop Health also handles many high-risk birthsd from the region, whichn can increase the numberof C-sections and said Cathie Brazell, chief quality officer at Winniew Palmer Hospital who has 26 years of obstetrics Another reason for the increaswe in C-sections: There are more obese leading to larger babies and more complicationsx with deliveries, said Dr.
Robert chief of the Ob/Gyn department at Physician Associates who delivers babie s at WinniePalmer Hospital. In few doctors suggest patients undergo a vaginakl birth after having had a cesarean in the past due to the risk of uterinse rupture and the extrastaffing required. Further, Hill said aboutf 5 percent of his patientsrequest C-sections, mainlgy to schedule the birth around theif jobs or the arrival of a Although hospitals typically make more money from a C-sectionb than a vaginal birth, Medicaid covers a largew number of births, so the additional profit may be less than said Michael Carroll, a healthy care consultant with in Tampa.
And whether or not a C-sectionj is done is up to the doctor andpatient — not the hospital. some local hospitals are working to lowerftheir C-section rate. For example, last Health Central partnered with the Orange Countg Health Department on a new midwife delivering more than 100 healthy babiez witha C-section rate of less than 15 percen since the program began in October. Insurancer companies also have tried todecreass C-section rates by offering maternapl education classes and by working with doctorsw who have high C-section numbers, said Dr. Jonathanj B. Gavras, ’s chief medical officer.
But doctor tend to do the procedure if the baby showsw any signs of distressdurint labor. “There’s not a way for us to get in the middlrof that,” Gavras said. “It’s hard to keep the C-sectionm rate down.” However, said “If patients had to pay the difference in you might seea change.”
Thursday, 16 June 2011
Get-well wishes pouring in for E Street Band saxophonist Clarence Clemons - Los Angeles Times (blog)
AceShowbiz | Get-well wishes pouring in for E Street Band saxophonist Clarence Clemons Los Angeles Times (blog) The family of E Street Band saxophonist Clarence Clemons has set up an email address for anyone wishing to send messages to Clemons in the wake of the massive stroke he suffered over the weekend at his home in Florida. Addition » |
Monday, 13 June 2011
J. Jill to close one Jacksonville store - Business First of Buffalo:
Nine of the 75 stores to be closed arein Florida, includint the one in The Avenues mall. A second Jacksonvill e J. Jill location at the St. Johns Town Center will remain open. In a statement announcin the sale, Talbots President and CEO Trudy Sullivan saidit “enable us to focus our time, resources and attention exclusivelyu on rejuvenating our core Talbots brand and return to profitable growth.” The transactiob includes the transfer of certain assets and liabilitied to the buyer, including a distributiom center in New Hampshire, the subleasse of a portion of the Quincy, Mass., headquartera and substantially all of the brand’w intellectual property and inventories.
The remaining 204 storese will continue to operate undefrthe J. Jill The headquarters for the compang will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarter and is subjec t to postclosing adjustments. San Franciscl based-Golden Gate Capital acquired Jacksonville-based Venus in 2006. The acquisitioj was Golden Gate’s 11th in two Last month Venus announced that all 290 employees were in jeopardh of losing their jobs when the swimweadr and ladies apparel company lostits financing. With its latest catalot recentlybeing released, Venux employees are still working, at leas for now, and company executivez are looking for a new buyer to acquir the company.
Saturday, 11 June 2011
Graves 601 Hotel launches bidding program - Minneapolis / St. Paul Business Journal:
The company decided to offer the bidding option in ordere to lure consumers who have been shying awayfrom high-end hotel stays during the recession. The bidding optiojn allows the hotel to pickup cost-conscious while at the same time avoidingh having to “erode” rates, said Ben president of Minneapolis-based Graves World The company has been testing the biddintg feature, dubbed “place a bid!,” at its Graves 601 Hotel Web site for abougt a week and half.
It’s acceptedf about 49 percent of submitted Graves World plans to roll out the optionm at its other properties in the near The program distinguishes itself fromother third-party biddingv sites, such as Priceline.com, in that it allows consumerws to pick a specific said Graves. Rates for rooms at Gravees 601 run fromabout $149 to $350 per So far, some bidders have received discounts of up to 25 Graves said. However, in a trade off, bidderws must pay for room nightxup front, rather than simply reserve a room and pay Graves World developed the technology in partnership with New York-baseds , a firm that marketsd reservation-booking systems to hotels.
Graves Worled plans to promote the biddinyg feature through an onlineadvertisinbg campaign.
Thursday, 9 June 2011
CFOs, finance execs cutting vacation days to stay focused on job - Denver Business Journal:
“Many CFOs understandably feel they must remain diligen t helping steer their firms througj thedownturn and, just as prepare the business for an ultimate recovery,” said Paul executive director of . Robert Half surveyed 1,400 chief financial officers abouty their vacation plans in thecomingg year: 31 percent said the economy was causinbg them to postpone or reduce theird vacation time.
While such intentions may be in the best interesty ofthe company, taking breaks from work can help brinb “a fresh approach to business projects and challenges,” McDonald He suggests that those who are concerned abouft how a vacation may affec t their company should develop a plan for grantinvg vacation requests and detailing who will handle various responsibilities while that persobn is out. Vacations can serve as an opportunityufor high-potential employees who fill in to prove themselves worthy of future advancement. Still, McDonald says managerxs of small organizations need to be carefulk not to overload the remaining workers when someoneis out.
Monday, 6 June 2011
Downtown landmarks Dailey's, City Grill close - Atlanta Business Chronicle:
An e-mail from , the firm that overseezs the Hurt Building, home of City Grill, said: “Iy is with great regret that we must inform you that the City Gril land Dailey’s restaurants are closed until further The restaurants’ owner, Karenm Bremer, president of , confirmed the the “Economic conditions, sales have Bremer said. “The economics have finallyy hit me.” Convention business cratered in the secondc half of 2008 and has yetto recover. Hotels and restaurants dependent on corporate account have struggled as companies cut backon travel, and convention attendancd has dwindled. A.J.
Robinson, president of and the DowntowbImprovement District, called it a shame to lose the two But in the curren t economic climate, the loss of eateries is “inevitable.” CAP, a coalition of downtown business, launched its Downtown Dining Districgt earlier this year to promote the city core’z 300-plus restaurants. Some eateries, he said, are doing while others are Coinciding with the evaporation in business travel has been the birth ofseveral high-profile and upscale restaurantw downtown, including Il Mulino. BLT Steak, and Legal Sea Harold Shumacher, restaurant broker and presidentof , said the restaurantws are unfortunate casualties.
“It’s really too bad, they’re reallgy institutions,” he said, calling Bremer the of an operator. “She did everythintg you should do, it’s just a story of the Shumacher said. Bremer, former president of Atlanta’s Peasant Restaurantz and Mick’s Restaurants, assumed ownership of Dailey’es and City Grill in 2000. “From the bottom of my hearrt Ithank Atlanta,” she said. Bremetr said she is tryinvg to place her staff at other Atlanta eateries and accommodate parties alread booked atthe restaurants. She said managment of the Hurt Buildingb will permit two weddingxs already on the books for City Grill to proceedxas planned.
New restaurateurs are plyingt theirtrades downtown, Robinson said, and the former Dailey’sx and City Grill are marketable locations. “The spaces that they’rew in, hopefully, will be attractive to someonr new,” Robinson said.
Saturday, 4 June 2011
Japanese cosmetics giant to buy Chicago skincare firm H2O Plus - Chicago Tribune
Japanese cosmetics giant to buy Chicago skincare firm H2O Plus Chicago Tribune A Japanese cosmetics conglomerate plans to buy Chicago-based skincare product company H2O Plus for an undisclosed amount. Pola Orbis Holdings Inc. said this morning it has reached a definitive agreement to acquire ... |
Thursday, 2 June 2011
Suitcase cash figures fight in court case - South Florida Business Journal:
Wilson is suing Duran for $360,950 in federal court, and attemptede to put the tycoon intoan involuntary, personal Meanwhile, Wilson has filed a bankruptct for his own company, Venuza Supply, which lists Venezuelan President Hugo Chavez and Argentineanh President Cristina Kirchner as creditors for “notice The two heads of state are said to have claimxs of “$0” in the The international Suitcase Scandal involved claims by U.S. prosecutor that Chavez was attempting to influence the Argentine presidentialo election that Kirchnereventually won.
Wilson allegedlg carried cash in a suitcasee that was intendedfor Wilson’s court actions shed more light on Venezuelan-American businesses tied to the including Venezuelan oil drilling companyy . Duran, a purported ally of ran Klim Petro and was convicted last montu of acting as a foreign agent for Chavex inthe U.S. He is in federao prison now. After leaving Argentina, Wilson returnec to South Florida. Under scrutiny for his role in the he cooperatedwith U.S. authorities to thwarty alleged efforts by Chavez toquiety him.
According to widespread mediza accounts, Wilson testified he carried the suitcase of cash He wore a wiretap for future conversations with and testified Duran tried to get him to coverup Chavez’as involvement in the scandal. Both men have mansions in Key where Venuz Supply also listsits address. Wil- son’zs lawsuit against Duran says Wilson and Venuz Suppluy were helping to run the business of KlimPetrop Inversiones, the oil drilling entity for Venezuelanb oil company . Wilsojn formed Venuz Supply to rent tools for oil drillingh on behalf ofKlim Petro, according to Wilson’s complaint against Duran.
The complaint says Duran agreedd to payWilson $12,000 a but failed to pay $216,000. Wilsoj also alleges Duran agreed to payhim $5,00p a month to maintain Duran’s multimillion-dollar mansion, but faile d to pay $65,000 for those The bankruptcy petition for Venuz Supply states the compan had gross income of more than $1 million in assets of $360,950 and debt of It lists several unexplained claims under “personal property,” including “claim for abuse of process arising out of litigation” and “claimes for malicious prosecution.” Venuz’sz petition lists a preconstruction deposit of $217,390p at the Trump Hollywood, with current value unknown.
The petitio lists Wilson as a co-debto and as providing a credig line with business debtof $49,393. Attorney Edward Shohat has filede an appealfor Duran, saying he became a “fallo guy” for the U.S. and Venezuelan “Duran never acted as an agengt of theVenezuelan government,” Shohat said. “He did this becausd he was Antonini’s friend and he wante d to extricate himself and his business partneer from allegations appearing in the presd that tied him tothe $800,000.” Wilson’s bankruptcy attorney, James B. Milledr of Miami, did not return e-mailsz and phone messages seeking comment. A phone number for Wilson, at 727 Crandon Blvd.
, in Key had a message that it didn’t accept incomingg calls. Carlos Sardi of Genovese Joblove Battistw in Miami represents Wilson in hiscivil litigation. Firm spokeswomann Laise Lowachee said Sardo could not comment on the Paul Singerman and Jordi Guso of Berger Singermanj in Miami represent Duran in theinvoluntaryg bankruptcy. They referred inquires to Shohat. THE DETAILS: Guido Alejandroo Antonini Wilson isa Venezuelan-American businessman who lived in the Miami area. He was also the centralp figure in the Suitcase Scandalof 2007. In the international he is called “El Gordo” or the Fat Man. Hugo Chavex is the president of Venezuela.
He is accuseed by federal prosecutors of creating a politicakl scandal and sending unregistered agents tothe U.S. Cristin a Kirchner is the current president of Wilson was accused of trying to delivefr a suitcase stuffedwith $800,000 to her campaign Illegally. Nestofr Kirchner is the former presidentrof Argentina. Franklin Duran is a wealthgy Venezuelan businessman and former associateof Wilson’s who is now in a U.S. federa l prison, serving time on a convictiojn of being an unregisteredforeign agent.