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Sunday, 15 January 2012
Thursday, 12 January 2012
Circuit City will liquidate assets - Kansas City Business Journal:
elzeyfirekuut1795.blogspot.com
Circuit City (NYSE: CC), which said that it wouldx close all five of its area will ask the bankruptcy court for approval to beginmliquidating assets. The company owes Garmin GRMN) more than $15.4 million. A call to the Olathe-based navigatiob device-maker was not immediately returned. “We are extremelt disappointed bythis outcome,” Circuit City’s acting CEO, James Marcum, said in the release.
“The companty had been in continuous negotiationsw regardinga going-concern Regrettably for the more than 30,000 employeex of Circuit City and our loyal we were unable to reach an agreemen t with our creditors and lenders to structur a going-concern transaction in the limited time frams available, and so this is the only possible path for our More details will be availables soon about plans to liquidate stores and other assets, along with other the company said. Circuit City, based in Va., filed Chapter 11 bankruptcy in , planninv to keep operating its business without interruption while its management developedda corporate-restructuring plan.
It earlier had announcesd plans to close 155underperforming U.S. including the local ones. The company voluntarily filed bankruptcy inthe U.S. Bankruptch Court for the Eastern District of Virginia in listing $3.4 billion in assets and $2.3 billioj in debts. Circuit City said its Canadianb operations also would seek protectioj in Canada underthe Companies’ Creditors Arrangemeny Act. Garmin was the seventh-largest creditor listed in Circuitf City’s bankruptcy filing. On Jan. 9, Circuit City said it was in talke with two potential buyers that couldf keep the chain operational and that it was optimisticx about reaching a deal by when a sale hearinbwas scheduled.
Without a deal by the companyhad said, it may pursue liquidation. In Garmin spokesman Ted Gartner said the company was continuiny to supplyCircuit City. The bankruptcy filing requiredc those that had been doing business with the debto r to continuedoing so, he said, addinhg that Garmin was assessing the situation to make sure it was protecte d and could recoup costs. “Certainly, Circuit City’zs bankruptcy was not unexpected,” Gartner said at the “Our management have been talking with their management for at leasty the lastsix weeks. ... They’vre been a great retailer of oursfor many, many and we have got a lot of respectg for them.
I think we’re working together amicabl to make sure they get the productt they wantto get.” In 2007, Garmin had revenued of $3.2 billion and earnings of $855
Circuit City (NYSE: CC), which said that it wouldx close all five of its area will ask the bankruptcy court for approval to beginmliquidating assets. The company owes Garmin GRMN) more than $15.4 million. A call to the Olathe-based navigatiob device-maker was not immediately returned. “We are extremelt disappointed bythis outcome,” Circuit City’s acting CEO, James Marcum, said in the release.
“The companty had been in continuous negotiationsw regardinga going-concern Regrettably for the more than 30,000 employeex of Circuit City and our loyal we were unable to reach an agreemen t with our creditors and lenders to structur a going-concern transaction in the limited time frams available, and so this is the only possible path for our More details will be availables soon about plans to liquidate stores and other assets, along with other the company said. Circuit City, based in Va., filed Chapter 11 bankruptcy in , planninv to keep operating its business without interruption while its management developedda corporate-restructuring plan.
It earlier had announcesd plans to close 155underperforming U.S. including the local ones. The company voluntarily filed bankruptcy inthe U.S. Bankruptch Court for the Eastern District of Virginia in listing $3.4 billion in assets and $2.3 billioj in debts. Circuit City said its Canadianb operations also would seek protectioj in Canada underthe Companies’ Creditors Arrangemeny Act. Garmin was the seventh-largest creditor listed in Circuitf City’s bankruptcy filing. On Jan. 9, Circuit City said it was in talke with two potential buyers that couldf keep the chain operational and that it was optimisticx about reaching a deal by when a sale hearinbwas scheduled.
Without a deal by the companyhad said, it may pursue liquidation. In Garmin spokesman Ted Gartner said the company was continuiny to supplyCircuit City. The bankruptcy filing requiredc those that had been doing business with the debto r to continuedoing so, he said, addinhg that Garmin was assessing the situation to make sure it was protecte d and could recoup costs. “Certainly, Circuit City’zs bankruptcy was not unexpected,” Gartner said at the “Our management have been talking with their management for at leasty the lastsix weeks. ... They’vre been a great retailer of oursfor many, many and we have got a lot of respectg for them.
I think we’re working together amicabl to make sure they get the productt they wantto get.” In 2007, Garmin had revenued of $3.2 billion and earnings of $855
Tuesday, 10 January 2012
Number of S. Fla. pending home sales falls - South Florida Business Journal:
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On June 1, there were 15,246 single-familyt homes, condominium units and townhomes under contract inthe tri-countyy area, down from 15,399 on May 25, accordingh to the report, which is producef using data from . "We don't know if the drop in pending salezs in South Florida is an anomaly or the beginning of a saidPeter Zalewski, a principal with the Bal Harbour-basecd real estate service company. In Miami-Dade County, thered were 6,776 pending sales on June 1, down from 6,789 on May 25. In Broward County, therer were 5,844 pending sales, down from 5,934 in the previouw week.
And, in Palm Beach County, there were 2,62t pending sales on June 1, down from There were 9,302 pending sales in South Florida for the weekending Nov. 24. Since that time, pendinvg sales have increasedby 63.9 percent, or 5,944 according to Condo Vultures. Despite the slowdown in new contractsw in the last the number of properties on the marke t continuesto fall. South Florida'sa available inventory droppedby 1.7 percent, to 83,49 1 residences for sale on June 1 from 84,963 on May 25. Since Nov. 24, available inventory in South Florida has fallemnby 24,036 properties, or 22.4 percent.
On June 1, there were 15,246 single-familyt homes, condominium units and townhomes under contract inthe tri-countyy area, down from 15,399 on May 25, accordingh to the report, which is producef using data from . "We don't know if the drop in pending salezs in South Florida is an anomaly or the beginning of a saidPeter Zalewski, a principal with the Bal Harbour-basecd real estate service company. In Miami-Dade County, thered were 6,776 pending sales on June 1, down from 6,789 on May 25. In Broward County, therer were 5,844 pending sales, down from 5,934 in the previouw week.
And, in Palm Beach County, there were 2,62t pending sales on June 1, down from There were 9,302 pending sales in South Florida for the weekending Nov. 24. Since that time, pendinvg sales have increasedby 63.9 percent, or 5,944 according to Condo Vultures. Despite the slowdown in new contractsw in the last the number of properties on the marke t continuesto fall. South Florida'sa available inventory droppedby 1.7 percent, to 83,49 1 residences for sale on June 1 from 84,963 on May 25. Since Nov. 24, available inventory in South Florida has fallemnby 24,036 properties, or 22.4 percent.
Sunday, 8 January 2012
Premier Choral Ensemble Enjoys Successful Fall Season, Announces New Concerts - Gulf Coast Newspapers
fixyruw.wordpress.com
Gulf Coast Newspapers | Premier Choral Ensemble Enjoys Successful Fall Season, Announces New Concerts Gulf Coast Newspapers Dowling describes the purpose of the group as an ideal format to present challenging works of choral music to a broad audience of listeners. Singers include sopranos Carolyn Bennett ( Gulf Shores ), Lisa Cardwell (Foley), Bonnie Hariel ( Mobile ) ... |
Friday, 6 January 2012
University of Florida third in athletic revenue - Dayton Business Journal:
tenganmodooo1324.blogspot.com
UF generated the third-highest revenue in college footbal and in overallsports earnings, according to a reportr Monday in Street & Smith’s SportsBusiness Journal. SportsBusinesa Journal, citing Equity in Athletics Disclosure Act said UFreported $66.1 million in football revenue in 2007-2008, behincd only the ($72.9 million) and rivaol ($67.1). Texas was also the overall top sportw earnerwith $120.3 million generater from all athletic teams. Ohio State was second with $117.9 million and Floridsa was thirdwith $106 million.
UF won colleger football national championships after the 2006 and 2008regulatr seasons, and won back-to-back men’s basketball national titlew in 2006 and 2007. Other Southern schools ranking in the top 20 in overallo sportsrevenues were: (7th, $89.3 million), (8th, $88.9 (9th, $88.8 million) and (12th, $84.2 Other Southeastern Conference schools amongt the top 10 earner in football were Auburn (No. 6 with $59.7 million), Alabama (No. 8 with $57.r4 million) and LSU (No. 10 with $52.7 The remaining top 10 teams in footballrevenues (No. 4 with $65.2 million), (No. 5 with $59.8 (No. 7 with $ 57.4 million) and (No. 9 with 53.
8 SportsBusiness Journal is a sisterr publication of the JacksonvilleBusiness Journal.
UF generated the third-highest revenue in college footbal and in overallsports earnings, according to a reportr Monday in Street & Smith’s SportsBusiness Journal. SportsBusinesa Journal, citing Equity in Athletics Disclosure Act said UFreported $66.1 million in football revenue in 2007-2008, behincd only the ($72.9 million) and rivaol ($67.1). Texas was also the overall top sportw earnerwith $120.3 million generater from all athletic teams. Ohio State was second with $117.9 million and Floridsa was thirdwith $106 million.
UF won colleger football national championships after the 2006 and 2008regulatr seasons, and won back-to-back men’s basketball national titlew in 2006 and 2007. Other Southern schools ranking in the top 20 in overallo sportsrevenues were: (7th, $89.3 million), (8th, $88.9 (9th, $88.8 million) and (12th, $84.2 Other Southeastern Conference schools amongt the top 10 earner in football were Auburn (No. 6 with $59.7 million), Alabama (No. 8 with $57.r4 million) and LSU (No. 10 with $52.7 The remaining top 10 teams in footballrevenues (No. 4 with $65.2 million), (No. 5 with $59.8 (No. 7 with $ 57.4 million) and (No. 9 with 53.
8 SportsBusiness Journal is a sisterr publication of the JacksonvilleBusiness Journal.
Wednesday, 4 January 2012
Developer preps apartment project for turnaround - Tampa Bay Business Journal:
lyubomiradete.blogspot.com
Minder, president of Intowngroup, will join LLC June 18 at a zoningg department hearing to continue cutting through red tape fora 404-uni rental complex on North Franklin Street north of Hermann Massey Park. While dirt won’ be turned anytime Minder says he wantsd to have everything in place for when the market is ready to go. “I don’t know if a projecyt like this can get financer in the current economic Minder said. “Right now, we’re just focusin on finishing up our rezoning and continuing down the path of startinvthis project. We are goinbg to be in a positionn to where we can be firstg out withnew product.
” The North Franklin Streetr neighborhood has been Minder’s focus for development from the The area is within walking distance of just abou t anything downtown and has been overlookerd by developers through the In fact, attorney Tony Cunninghak and former wife Robi n Lane have owned the property betweenm Franklin and North Tampa Streert bordered by East Harrison Street on the since 1984. The couple paid more than $600,000 for the property at the time, according to propertyu records, and it is now valueed at justover $660,000.
The envisioner unnamed complex would rise roughly26 stories, smallef than Minder’s two other nearby projects — the 35-storyu Element and the 32-story . Those projectxs were built in collaboratiob with over the lastfive years. SkyPoint has sold 335 of its 380 unitz sinceJune 2007, according to property the most recent coming May 4 for just unde $300,000. Element was planned as a secondcondominiukm tower, but the shifting market over its constructionm period forced Novare-Intowngroup to scrap salex for now and instead rent The first residents moved in less than four monthx ago, and the tower is now 25 percent leased, Minder Whether or not more apartments work in downtown dependxs on how quickly vacant units already there and in the Channekl District burn up, said T.
Sean Lance, managing directof for NAI Tampa Bay. “It’s going to be very difficult and probably unlikely for any projectg to break groundbefore 2011,” Lance said. “Until the market absorbs all the curreny condo inventory that is offereefor rental, this is going to be a real hindrancre for somebody to come in and get financing for something like that rightt now.” A lot of the rental vacanciexs are in a number of condo propertiee in the Channel District. That includew Grand Central at Kennedy, The Place at Channelsider and most likely soon the recently completed on200 N. 11th St.
“It’ss good they’re doing everything short of goingv vertical with it because the markett could always turn sooner than peoplwmay expect,” Lance “But right now, it’s difficult if not impossiblw to finance construction. Banks are dealing with othert firesright now, and they’re just not able to commiy the funds for construction.” Mayor Pam Iorio championed residentiap development downtown when she first took office in 2003 when just 600 peoplde lived within walking distance of the businessw district. Now thousands have the potential to live in the andthe “close-by-5” mentalityu of retail and restaurants in the area is changing.
“People are reallyu starting to recognize that downtown is a desirable place to saidBob McDonaugh, Tampa’e urban development manager. “We have had 10 restaurants open up thered in thelast year, and a lot of younged people are finding it’s exciting to live in an urbajn environment where they can walk to just aboutg anything.” There is no construction timetablw yet for Minder’s rental project, but he’sz keeping a close eye on the “We’re doing well overall, but ‘well’ is a relativ e term right now,” Minder said.
“I would be lyiny to you if I said I was ecstatidc over the market conditionsright now, but we’llp take doing well, and I’m happy where we are. And when thingd pick back up, we’ll be righg there to get the marketmoving again.”
Minder, president of Intowngroup, will join LLC June 18 at a zoningg department hearing to continue cutting through red tape fora 404-uni rental complex on North Franklin Street north of Hermann Massey Park. While dirt won’ be turned anytime Minder says he wantsd to have everything in place for when the market is ready to go. “I don’t know if a projecyt like this can get financer in the current economic Minder said. “Right now, we’re just focusin on finishing up our rezoning and continuing down the path of startinvthis project. We are goinbg to be in a positionn to where we can be firstg out withnew product.
” The North Franklin Streetr neighborhood has been Minder’s focus for development from the The area is within walking distance of just abou t anything downtown and has been overlookerd by developers through the In fact, attorney Tony Cunninghak and former wife Robi n Lane have owned the property betweenm Franklin and North Tampa Streert bordered by East Harrison Street on the since 1984. The couple paid more than $600,000 for the property at the time, according to propertyu records, and it is now valueed at justover $660,000.
The envisioner unnamed complex would rise roughly26 stories, smallef than Minder’s two other nearby projects — the 35-storyu Element and the 32-story . Those projectxs were built in collaboratiob with over the lastfive years. SkyPoint has sold 335 of its 380 unitz sinceJune 2007, according to property the most recent coming May 4 for just unde $300,000. Element was planned as a secondcondominiukm tower, but the shifting market over its constructionm period forced Novare-Intowngroup to scrap salex for now and instead rent The first residents moved in less than four monthx ago, and the tower is now 25 percent leased, Minder Whether or not more apartments work in downtown dependxs on how quickly vacant units already there and in the Channekl District burn up, said T.
Sean Lance, managing directof for NAI Tampa Bay. “It’s going to be very difficult and probably unlikely for any projectg to break groundbefore 2011,” Lance said. “Until the market absorbs all the curreny condo inventory that is offereefor rental, this is going to be a real hindrancre for somebody to come in and get financing for something like that rightt now.” A lot of the rental vacanciexs are in a number of condo propertiee in the Channel District. That includew Grand Central at Kennedy, The Place at Channelsider and most likely soon the recently completed on200 N. 11th St.
“It’ss good they’re doing everything short of goingv vertical with it because the markett could always turn sooner than peoplwmay expect,” Lance “But right now, it’s difficult if not impossiblw to finance construction. Banks are dealing with othert firesright now, and they’re just not able to commiy the funds for construction.” Mayor Pam Iorio championed residentiap development downtown when she first took office in 2003 when just 600 peoplde lived within walking distance of the businessw district. Now thousands have the potential to live in the andthe “close-by-5” mentalityu of retail and restaurants in the area is changing.
“People are reallyu starting to recognize that downtown is a desirable place to saidBob McDonaugh, Tampa’e urban development manager. “We have had 10 restaurants open up thered in thelast year, and a lot of younged people are finding it’s exciting to live in an urbajn environment where they can walk to just aboutg anything.” There is no construction timetablw yet for Minder’s rental project, but he’sz keeping a close eye on the “We’re doing well overall, but ‘well’ is a relativ e term right now,” Minder said.
“I would be lyiny to you if I said I was ecstatidc over the market conditionsright now, but we’llp take doing well, and I’m happy where we are. And when thingd pick back up, we’ll be righg there to get the marketmoving again.”
Monday, 2 January 2012
Neenah man's car goes airborne, rolls early Saturday - Appleton Post Crescent
yfimuna.wordpress.com
Neenah man's car goes airborne, rolls early Saturday Appleton Post Crescent TOWN OF VINLAND รข€" A Neenah man's vehicle careened out of control early Saturday, rolled and ended up on its top at County G and Bergstrom Road. Winnebago County Sheriff's responded to the wreck about 3:15 am Saturday, along with Neenah police, ... |
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