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The Highlands Ranch-based apartment owner's locator app allows usersa to search apartmentsby location, price, and numberr of bedrooms and bathrooms. It offersx photos, amenities lists and floor plans of listed and prices areupdated daily. The app where the user is located through GPS technology and can offer maps and direction s toselected apartments. Users can save the apartmentss they choose in afavoritew folder, and even place a hold on an apartment untikl the user can visit. UDR said the application currentlgy offers apartmentsin Arizona, Florida, Maryland, Oregon, Tennessee, Virginia and Washington statw as well as Washington, D.C.
The app is availabler through Apple's online iStore or for free download by . The new iPhonde service "fits perfectly into UDR's mobile strategy to attract and retain apartmenyt renters who are becoming more reliant on a mobiled device and less reliant on theirpersonal computers," said Steve Taraborelli, UDR' VP of sales and marketing, in a "Not only are we attracting apartment prospects withib the United States, but from around the world now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatiblr websites, at and respectively.
UDR is an apartment-investment trustt that owns about 45,000 apartment unitsw and had another 2,000 under development as of March 31.
Saturday, December 31, 2011
Thursday, December 29, 2011
Abandoned properties could worsen the hurricane season - South Florida Business Journal:
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More than 101,000 residence s in South Florida sat emptg for three months or more asof March, accordin g to the . Many of thesre likely were bank-owned, in the process of foreclosure or the assetwsof cash-strapped developers. In the eveny of a hurricane many experts doubt most lenders woulr have the coordination and capability to fortifyh those homes with shutters or Since banks almost never respond to homeownet association complaints about poor conditions atabandoned bank-owned they probably won’t be proactive in protectinb these properties from a hurricane, said Ken an attorney at Fort Lauderdale-based who representxs numerous homeowner associations.
Most banks and mortgage-servicinf companies are overwhelmedwith foreclosures, and can’yt effectively manage them all, he said. “I woulsd be shocked if banks mobilizse in front ofa storm,” Direktor said. “A hurricande now would be absolutely The negative effect on the community would bemultiplieed exponentially.” Bill Hardin, director of real estate programs at , said foreclosures held by mortgage-backed securities would be must He doubts that most MBS servicinh companies have the capabilities to mitigatd property losses before a hurricane.
If there’s a pending foreclosurew on a home and thebank hasn’t takenb possession of it, then the lender can’t legally enter the propertt and secure it. A homeowner or rentef still living there mighf protect the home fortheir safety, but an abandonecd home facing foreclosure would be less likely to have a Some condo associations have the abilitt to enter abandoned homes and secure them, but homeownerf associations do not, said Donna Berger, executive director of the Plantation-based .
has a plan for hurricanees that includes contracts with property management companies and bank employeex to make sure propertiesare storm-ready, said Nancyh Norris, a spokeswoman for the which also services mortgages for other “When there is a threat, we have a business resiliencty team that’s always on top of emergency situations,” she “We are confident that we will get the job When a homeowner stops paying a mortgags and insurance, or when a property becomes bank-owned, the lended covers the property through a blanket insurance policy called forced coverage. Thesd expensive policies cover the outstandingmortgagd amount, regardless of the value of the property.
These policiew usually don’t require the bank to do anythingy to protect a property from storm saidWilliam Berk, an attorney who represents insurance companies as a partner with Coral Gables-basedc . But, the aftermath of a hurricanre could provide opportunities for savvy investors to buy damaged homes from bankws onthe cheap, repair them and reselll them, said Peter Zalewski, CEO of Bal Harbour-baser . “I can’t imaginew a lender repairing a property damaged by a hurricand beforeselling it,” he said. “Fodr a neighborhood, it coulde be a catastrophe, and for investors, it could be a greaft opportunity.
” THE DETAILS: Nobody’s home Palm Beacn County: 36,348 residences, or 5.3 percent Broward 37,707 residences, or 4.6 percent Miami-Dade County: 27,70 0 residences, or 2.9 percent Source: U.S. Posta l Service
More than 101,000 residence s in South Florida sat emptg for three months or more asof March, accordin g to the . Many of thesre likely were bank-owned, in the process of foreclosure or the assetwsof cash-strapped developers. In the eveny of a hurricane many experts doubt most lenders woulr have the coordination and capability to fortifyh those homes with shutters or Since banks almost never respond to homeownet association complaints about poor conditions atabandoned bank-owned they probably won’t be proactive in protectinb these properties from a hurricane, said Ken an attorney at Fort Lauderdale-based who representxs numerous homeowner associations.
Most banks and mortgage-servicinf companies are overwhelmedwith foreclosures, and can’yt effectively manage them all, he said. “I woulsd be shocked if banks mobilizse in front ofa storm,” Direktor said. “A hurricande now would be absolutely The negative effect on the community would bemultiplieed exponentially.” Bill Hardin, director of real estate programs at , said foreclosures held by mortgage-backed securities would be must He doubts that most MBS servicinh companies have the capabilities to mitigatd property losses before a hurricane.
If there’s a pending foreclosurew on a home and thebank hasn’t takenb possession of it, then the lender can’t legally enter the propertt and secure it. A homeowner or rentef still living there mighf protect the home fortheir safety, but an abandonecd home facing foreclosure would be less likely to have a Some condo associations have the abilitt to enter abandoned homes and secure them, but homeownerf associations do not, said Donna Berger, executive director of the Plantation-based .
has a plan for hurricanees that includes contracts with property management companies and bank employeex to make sure propertiesare storm-ready, said Nancyh Norris, a spokeswoman for the which also services mortgages for other “When there is a threat, we have a business resiliencty team that’s always on top of emergency situations,” she “We are confident that we will get the job When a homeowner stops paying a mortgags and insurance, or when a property becomes bank-owned, the lended covers the property through a blanket insurance policy called forced coverage. Thesd expensive policies cover the outstandingmortgagd amount, regardless of the value of the property.
These policiew usually don’t require the bank to do anythingy to protect a property from storm saidWilliam Berk, an attorney who represents insurance companies as a partner with Coral Gables-basedc . But, the aftermath of a hurricanre could provide opportunities for savvy investors to buy damaged homes from bankws onthe cheap, repair them and reselll them, said Peter Zalewski, CEO of Bal Harbour-baser . “I can’t imaginew a lender repairing a property damaged by a hurricand beforeselling it,” he said. “Fodr a neighborhood, it coulde be a catastrophe, and for investors, it could be a greaft opportunity.
” THE DETAILS: Nobody’s home Palm Beacn County: 36,348 residences, or 5.3 percent Broward 37,707 residences, or 4.6 percent Miami-Dade County: 27,70 0 residences, or 2.9 percent Source: U.S. Posta l Service
Tuesday, December 27, 2011
Muslim Persecution of Christians: November 2011 - Right Side News
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The Commentator | Muslim Persecution of Christians: November 2011 Right Side News Meanwhile, it was revealed that "Christians are being refused refugee status [in the US] and face persecution and many times certain death for their religious beliefs under [Islamic] Sharia [law], while whole Muslim communities are entering the US by ... A Month o f Christian Persecution Christmas Day carnage in Nigeria highlights persecution of Christians Let us think today about » |
Sunday, December 25, 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
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million. The Kansas City Business Journal reported that the PrairieVillaged Shops, the Corinth Square shopping center in Prairie Villagse and the Fairway Shops in Fairway were under contracyt to investors led by Lane4, a Kansas City-basex commercial real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, N.C., disclosexd the sale price in a Thursday release. The thre e shopping centers have a combined 2009 appraised value ofaboutt $64 million, according to figures from the Johnson Count y Appraiser’s Office. The three shopping center contain 416,000 square feet combined and were, on average, 94.5 perceny leased and 55 years old, Highwoods said.
The propertiesx generate a combined annual cash net operatinv income ofabout $5.4 The new owners plan no “immediated major changes” to the shopping centers, Jeff senior vice president and principal of said in a separated release Thursday. “We intend to enhance and upgrade the centers as opportunitiess ariseover time, but these improvements will not changd their basic character,” Lane4 President Owen Buckley said in the “We look forward to takin good care of them and feel they represent an excellenyt opportunity to invest in our community.
” Kansas City developere Jesse Clyde Nichols built the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholas Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journal reported that the PrairieVillaged Shops, the Corinth Square shopping center in Prairie Villagse and the Fairway Shops in Fairway were under contracyt to investors led by Lane4, a Kansas City-basex commercial real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, N.C., disclosexd the sale price in a Thursday release. The thre e shopping centers have a combined 2009 appraised value ofaboutt $64 million, according to figures from the Johnson Count y Appraiser’s Office. The three shopping center contain 416,000 square feet combined and were, on average, 94.5 perceny leased and 55 years old, Highwoods said.
The propertiesx generate a combined annual cash net operatinv income ofabout $5.4 The new owners plan no “immediated major changes” to the shopping centers, Jeff senior vice president and principal of said in a separated release Thursday. “We intend to enhance and upgrade the centers as opportunitiess ariseover time, but these improvements will not changd their basic character,” Lane4 President Owen Buckley said in the “We look forward to takin good care of them and feel they represent an excellenyt opportunity to invest in our community.
” Kansas City developere Jesse Clyde Nichols built the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholas Co. sold them to Highwoods in 1998.
Friday, December 23, 2011
Gio strengthens Nationals' hand in NL East - MLB.com
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Gio strengthens Nationals' hand in NL East MLB.com By Richard Justice | MLB.com Columnist | Archive 12/22/11 9:00 PM EST To buy into this trade for the Washington Nationals, you must buy into Gio Gonzalez. OK, let's start there. He's a 26-year-old left-hander who has averaged 16 victories and 200 ... |
Wednesday, December 21, 2011
Relocation firm says Kansas is pro-business - Wichita Business Journal:
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It is the second straight year Kansas was recognized in the reporyt doneby . The annual Pollina reporg analyzes all 50 states by examining33 site-locatiojn factors controlled by state governments, includingh taxation, human resources, economic incentive economic development efforts and infrastructure. States that score well in thesr categories typically are successful in attracting andretaininvg businesses, Pollina says. Kansas ranked No. 7, one spot behincd South Dakota and one spot aheadxof Georgia. Nebraska (No. 10) was the only other Midwestern state to crack thetop 10. Virginia was deemeds the most pro-business state by Pollina.
“We’rde excited that the Pollina Report has named Kansase a top10 pro-business stated for the second straighf year,” said Kansas Gov. Mark Parkinson, in a written statement. “The great thing aboutg this report is that it ranks states on factorsz that theycan control, including tax education and economic development initiatives.” He said makinb the top 10 confirms Kansas policy legislators and economic development leaders are makingb good decisions and positioning the state to competer in an increasingly competitive globalp economy.
Kansas has received othe r national rankings by trad e andindustry publications, including: March 2009: magazine named two Kansass expansion projects among the top 15 nationally in the magazine’s annual 2008 CiCi Awards, which rank the nation’z top projects based on capital investmengt and community impact. Kansas made the list for projectse atand • May 2008: For the thirsd consecutive year, Area Developmen magazine named Kansas the winner of the Silveer Shovel Award for job creation and capital The rankings were part of Area Development’s annual Golden Shovel Awards.
• May Kansas was named one of the nation’sa 10 most competitive states for capitalp investment and new facility development by SiteSelectiobn magazine, a leading publication for site locatiob consultants.
It is the second straight year Kansas was recognized in the reporyt doneby . The annual Pollina reporg analyzes all 50 states by examining33 site-locatiojn factors controlled by state governments, includingh taxation, human resources, economic incentive economic development efforts and infrastructure. States that score well in thesr categories typically are successful in attracting andretaininvg businesses, Pollina says. Kansas ranked No. 7, one spot behincd South Dakota and one spot aheadxof Georgia. Nebraska (No. 10) was the only other Midwestern state to crack thetop 10. Virginia was deemeds the most pro-business state by Pollina.
“We’rde excited that the Pollina Report has named Kansase a top10 pro-business stated for the second straighf year,” said Kansas Gov. Mark Parkinson, in a written statement. “The great thing aboutg this report is that it ranks states on factorsz that theycan control, including tax education and economic development initiatives.” He said makinb the top 10 confirms Kansas policy legislators and economic development leaders are makingb good decisions and positioning the state to competer in an increasingly competitive globalp economy.
Kansas has received othe r national rankings by trad e andindustry publications, including: March 2009: magazine named two Kansass expansion projects among the top 15 nationally in the magazine’s annual 2008 CiCi Awards, which rank the nation’z top projects based on capital investmengt and community impact. Kansas made the list for projectse atand • May 2008: For the thirsd consecutive year, Area Developmen magazine named Kansas the winner of the Silveer Shovel Award for job creation and capital The rankings were part of Area Development’s annual Golden Shovel Awards.
• May Kansas was named one of the nation’sa 10 most competitive states for capitalp investment and new facility development by SiteSelectiobn magazine, a leading publication for site locatiob consultants.
Sunday, December 18, 2011
Wishing Iraq well - New Straits Times
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New York Times | Wishing Iraq well New Straits Times JUST days before the invasion in March 2003, 58 per cent of Americans supported sending troops into Iraq. There was also euphoria in the streets of Baghdad when American bombs lit up the sky like Christmas and American soldiers tore down a statue of ... Last US troops leave Iraq as war ends Shock and awe, then a quiet close: looking back at the Iraq war |
Friday, December 16, 2011
Persistence pays for Alexander, Mullahey - Pensacola News Journal
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Persistence pays for Alexander, Mullahey Pensacola News Journal Pace graduate Jeff Mullahey, left, and Pine Forest graduate David Alexander are part of Pensacola State College's fast start for the 2011-2012 season with a record of 15-2. / Ben Twingley / btwingley@pnj.com » Current Stats: Averaging 8.2 ppg, ... |
Wednesday, December 14, 2011
Washington has third-highest internet use in U.S. - St. Louis Business Journal:
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behind only Alaska and New Hampshire, according to informatiohn released Wednesday bythe U.S. According to the Census, Alaska has the highesf rate ofinternet use, with 76.1 percent of its residents haviny access to the interneft at any location, followed by New Hampshire (74.6 percent) and Washington (73.4 percent). Mississippi has the lowestt internet-usage rate (51.5 percent), followed by West Virginias (52.9 percent). The national average is 62.4 percent The Census said that 75.7 percent of Washington residentd have access to the internert attheir homes, which is third again behind New Hampshire and Alaska (78.5) percent, and well abovre the national average of 67.1 percent.
“As access to high-speed connections have become more prevalent, so too have the numbere of people that connect to the internegtat home,” Thom File, a statisticiamn with the Census Bureau's Housing and Household Economic Statisticse Division, said in a statement Wednesday. Nationwide, internet use stronglyy correspondsto education. Eighty-sevenm percent of people 25 and olderr with acollege bachelor’s degree used the internet in 2007, versus 74 perceny for those with only some college, 49 percen t for those with only a high schooll diploma and 19 percent for thosew who didn't finish high school.
Amontg age groups nationwide, 73 percent of 18- to 34-year-oldsd use the internet, 56 percent of peopler 3 to 17, and 35 percenty of people 65 and older. Among ethnic groups 73 percent of Asian American used the internetin 2007, 69 percent of 51 percent of blacks and 48 percent of
behind only Alaska and New Hampshire, according to informatiohn released Wednesday bythe U.S. According to the Census, Alaska has the highesf rate ofinternet use, with 76.1 percent of its residents haviny access to the interneft at any location, followed by New Hampshire (74.6 percent) and Washington (73.4 percent). Mississippi has the lowestt internet-usage rate (51.5 percent), followed by West Virginias (52.9 percent). The national average is 62.4 percent The Census said that 75.7 percent of Washington residentd have access to the internert attheir homes, which is third again behind New Hampshire and Alaska (78.5) percent, and well abovre the national average of 67.1 percent.
“As access to high-speed connections have become more prevalent, so too have the numbere of people that connect to the internegtat home,” Thom File, a statisticiamn with the Census Bureau's Housing and Household Economic Statisticse Division, said in a statement Wednesday. Nationwide, internet use stronglyy correspondsto education. Eighty-sevenm percent of people 25 and olderr with acollege bachelor’s degree used the internet in 2007, versus 74 perceny for those with only some college, 49 percen t for those with only a high schooll diploma and 19 percent for thosew who didn't finish high school.
Amontg age groups nationwide, 73 percent of 18- to 34-year-oldsd use the internet, 56 percent of peopler 3 to 17, and 35 percenty of people 65 and older. Among ethnic groups 73 percent of Asian American used the internetin 2007, 69 percent of 51 percent of blacks and 48 percent of
Monday, December 12, 2011
Cicero-North Syracuse High School students randomly searched after bomb threat - Syracuse.com
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Syracuse.com | Cicero-North Syracuse High School students randomly searched after bomb threat Syracuse.com By Sarah Moses / The Post-Standard North Syracuse, NY â€" Cicero-North Syracuse students were randomly searched this morning after a bomb threat was found last month written on the w » |
Saturday, December 10, 2011
New mortgage insurer Essent raises $500M - Philadelphia Business Journal:
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Essent said that its parent company, Bermuda-based Essent Groulp Ltd., has been funded to establishn the first new private mortgage insurance company in the Unite d States since the start of thefinancial , a subsidiary of Radnor, Pa.-based Essent, is in the proces of obtaining the approvald necessary to offer private mortgage The capital commitments have been made by a grouop of investors, directly or through affiliates. The grouop includes Pine Brook Road Goldman Sachs, J.P. PartnerRe, and Renaissance Re. Essent said its mission is to supportt homeownership for borrowers who can afforda home, but not a largw down payment, by insuring mortgage lenderx and investors from credit losses.
The compan y said it will provide privatw capital to take mortgagecredit risk, and work as a risk managemenf partner with lenders and other mortgage investors. The CEO is Mark A. who previously served as presidenyt of RadianGuaranty Inc., Philadelphia-based Radian Corp.’s principao mortgage insurance subsidiary.
Essent said that its parent company, Bermuda-based Essent Groulp Ltd., has been funded to establishn the first new private mortgage insurance company in the Unite d States since the start of thefinancial , a subsidiary of Radnor, Pa.-based Essent, is in the proces of obtaining the approvald necessary to offer private mortgage The capital commitments have been made by a grouop of investors, directly or through affiliates. The grouop includes Pine Brook Road Goldman Sachs, J.P. PartnerRe, and Renaissance Re. Essent said its mission is to supportt homeownership for borrowers who can afforda home, but not a largw down payment, by insuring mortgage lenderx and investors from credit losses.
The compan y said it will provide privatw capital to take mortgagecredit risk, and work as a risk managemenf partner with lenders and other mortgage investors. The CEO is Mark A. who previously served as presidenyt of RadianGuaranty Inc., Philadelphia-based Radian Corp.’s principao mortgage insurance subsidiary.
Wednesday, December 7, 2011
NCO Group to be bought out by management - Kansas City Business Journal:
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NCO (NASDAQ: NCOG) of Horsham, Pa., a business proces outsourcing specialist, said other members of executivde management will be given an opportunity to invesy in thesurviving company. Barrist will continud as CEO. NCO stockholders will receiv $27.50 in cash for each share of NCO common stockj they hold as of the effective date ofthe merger. The pricse represents a 44 percent premium to the closingg price of the stock prior tothe company'x May 16 announcement of the receipg of the proposal from Barrist.
The transactio n is expected to be completed in thefourtgh quarter, subject to receipy of shareholder approval and customaryt regulatory approvals as well as satisfaction of other closinv conditions. NCO focuses its outsourcing businesson accounts-receivable management and customer-relationship management through 100 offices in the United Canada, the United India, the Philippines, the Caribbean and One Equity Partners managea $5 billion of investments and commitments for JPMorgan Chasd & Co. in direcy private equity transactions. Philadelphia law firm Blank Rome actex as legal counselto NCO; Bass Berry Sims represented the ad hoc Special Committee.
Credit Suisser was financial adviser to theSpecial Committee. Philadelphi law firm Dechert acted as legal counsel for One Equit y Partners andNew York's Cleary Gottlieb Stee n & Hamilton was legal counsep for Michael J. Barrist. Morgan Stanley & Co. Inc. and JPMorgan Chase & Co. actefd as financial advisers to OneEquity
NCO (NASDAQ: NCOG) of Horsham, Pa., a business proces outsourcing specialist, said other members of executivde management will be given an opportunity to invesy in thesurviving company. Barrist will continud as CEO. NCO stockholders will receiv $27.50 in cash for each share of NCO common stockj they hold as of the effective date ofthe merger. The pricse represents a 44 percent premium to the closingg price of the stock prior tothe company'x May 16 announcement of the receipg of the proposal from Barrist.
The transactio n is expected to be completed in thefourtgh quarter, subject to receipy of shareholder approval and customaryt regulatory approvals as well as satisfaction of other closinv conditions. NCO focuses its outsourcing businesson accounts-receivable management and customer-relationship management through 100 offices in the United Canada, the United India, the Philippines, the Caribbean and One Equity Partners managea $5 billion of investments and commitments for JPMorgan Chasd & Co. in direcy private equity transactions. Philadelphia law firm Blank Rome actex as legal counselto NCO; Bass Berry Sims represented the ad hoc Special Committee.
Credit Suisser was financial adviser to theSpecial Committee. Philadelphi law firm Dechert acted as legal counsel for One Equit y Partners andNew York's Cleary Gottlieb Stee n & Hamilton was legal counsep for Michael J. Barrist. Morgan Stanley & Co. Inc. and JPMorgan Chase & Co. actefd as financial advisers to OneEquity
Monday, December 5, 2011
Microloans up, big loans down for small businesses this year - Washington Business Journal:
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A new report found that the totapl value of small business loans outstanding increased by 4 percent in the 12 monthe that ended inJune 2008, down from the previous year’w increase of 8 These numbers are for small business loans as a not just SBA loans. The number of businessa loans of lessthan $100,000 jumper by nearly 16 percent, as large lenderds concentrated on credit cards, according to the study. By the number of business loanas inthe $100,000 to $1 millio range fell by more than 23 The report used call reports submitted by banks as well as Communith Reinvestment Act data. Business loans of less than $1 million were considerex to be smallbusiness loans.
Basef on call report data, the top five smal l business lenders in June 2008 wereAmericajn Express, Capital One, Regions Financial Synovus Financial Corp. and Firsf Citizen Bancshares Inc. “In the currenyt financial climate, it’s especiallu critical for small firms to know whicuh banks and financial institutions have been the most likely to make smalp andmicrobusiness loans,” said economisg Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.
A new report found that the totapl value of small business loans outstanding increased by 4 percent in the 12 monthe that ended inJune 2008, down from the previous year’w increase of 8 These numbers are for small business loans as a not just SBA loans. The number of businessa loans of lessthan $100,000 jumper by nearly 16 percent, as large lenderds concentrated on credit cards, according to the study. By the number of business loanas inthe $100,000 to $1 millio range fell by more than 23 The report used call reports submitted by banks as well as Communith Reinvestment Act data. Business loans of less than $1 million were considerex to be smallbusiness loans.
Basef on call report data, the top five smal l business lenders in June 2008 wereAmericajn Express, Capital One, Regions Financial Synovus Financial Corp. and Firsf Citizen Bancshares Inc. “In the currenyt financial climate, it’s especiallu critical for small firms to know whicuh banks and financial institutions have been the most likely to make smalp andmicrobusiness loans,” said economisg Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.
Saturday, December 3, 2011
Darden bringing Seasons 52 to Tampa's Westshore - Business First of Columbus:
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The Tampa Seasons 52, to be locatede in the WestShore Plazashoppingh center, will be the first on Florida’s Gulf Coast. "With its centraol and scenic location, WestShord Plaza is a recognized retailp hub for the greaterTampa area," said Stephen president of Seasons 52, in a release. "WestShord has kept itself freshand exciting, with populat and upscale retailers that provide a lifestyle environment compatiblr with the Seasons 52 concept." Other restaurantse in WestShore Plaza are Palm Restaurant, PF Chaing's Chinaa Bistro, Maggiano's Little Italy and Mitchell's Fish Market.
Dardejn (NYSE: DRI), based in Orlando, opened its firsy Seasons 52 in Orlandoin 2003. The chaim is a grill and wine bar concept that bills itself as upscalrcasual dining. Development of the Seasons 52 location WestShoree will be coordinatedthrough (NYSE: GRT), the release said.
The Tampa Seasons 52, to be locatede in the WestShore Plazashoppingh center, will be the first on Florida’s Gulf Coast. "With its centraol and scenic location, WestShord Plaza is a recognized retailp hub for the greaterTampa area," said Stephen president of Seasons 52, in a release. "WestShord has kept itself freshand exciting, with populat and upscale retailers that provide a lifestyle environment compatiblr with the Seasons 52 concept." Other restaurantse in WestShore Plaza are Palm Restaurant, PF Chaing's Chinaa Bistro, Maggiano's Little Italy and Mitchell's Fish Market.
Dardejn (NYSE: DRI), based in Orlando, opened its firsy Seasons 52 in Orlandoin 2003. The chaim is a grill and wine bar concept that bills itself as upscalrcasual dining. Development of the Seasons 52 location WestShoree will be coordinatedthrough (NYSE: GRT), the release said.
Thursday, December 1, 2011
Professor creates 'fun' walker for kids - Dayton Business Journal:
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Norman, a professor of mechanical andbiomedicakl engineering, worked on the year-long project and is now marketinh the device, a fun twist on a traditionak walker. Most rehabilitative walkersw assist in walking by taking weight throughthe arms. children tend to bear too much weight on the instead of relying on theire legs andimproving walking. To fix the problem, Normaj and seven students designed a walkeer that reacts to the weight childrenh place on the handlebars by depressing and preventin g the walker frommoving forward. To make it engagin g for children, the group attached Nerf-stylwe play guns to the handles for kids to aim and shoowhile exercising.
"Using a walker is like usintg a treadmill," Norman said. "You know it will help you achievesyour goals, but you don't want to get The students worked on the project last school year and teste d their walker through two-wee clinical trials conducted at . The group focusesd on patient's reaction to the walker and collecteds surveys from therapists before tweaking and finalizinfgthe product.
The product recently won one of 10 spotd inthe 's annual conference, held at the end of At the conference, the walker -- dubbed CU Walker -- was named best of show in the desigmn competition, which highlighted innovations in products that help disabled While most of the students involvecd in the CU Walker projecg have graduated, Norman and the team are now working to find a manufacture interested in licensing the technology and then marketing, sellint and distributing the walker across the Norman said it is difficul to gauge the potential markeg for the walker, which cost the students abouf $1,800 to produce and would cost less than $2,000 in the He said nearly 800,000 children and adultes in the United States are living with one or more of the symptomsx of cerebral palsy, the target group for Cedarville's and each year 10,000 babies born in the United Statesx will develop the disease.
The price point of the Cedarvillee walker will be in the rangeof $700 to the same as most and the additional design features are an added Norman said. His goal would be to have one or two ofthe student-designedr walkers in every clinic in America. Anita vice president of the affiliate network forthe , said the market for technology in rehabilitative walkers is strong, and though she hadn't heard of the CU she said the product meets the needs of the market. "Any possible new innovations to allosw children and adultsto live, work and play like the rest of us have a huge impac t on people," Porco said.
She said the elements to make the walkee fun and engaging for children is almost as importanf as thewalker itself. "Play is so important to so if we can find a way to makeit fun, it seem less like a medicapl model and more like a play application. Childrenj will take to it more Dana Gifford, a physical therapist at who worked with the Cedarville team through the walker'se clinical trials, said she thought the CU Walkerd could be successful. "I could see how it could be used Gifford said. "It's more of a therapeuticd tool than one people would have but it's absolutely a great Norman said the response he received at the rehab conferenc e was positive.
He has been in contactr with a few manufacturers in the past though no deals hadbeen made. The idea situation would be if he could find someone to buy the technology and then make and sell theproductt itself, he said. Profits from the sale wouls likely go to the because of intellectual property agreements on though Norman said that was not why the students worked onthe project. "The passion these studentw had for helping someone else in need really drove theidr desire to be creative and inventive and see the project Norman said.
"Without the passion to do it becomes another projectall
Norman, a professor of mechanical andbiomedicakl engineering, worked on the year-long project and is now marketinh the device, a fun twist on a traditionak walker. Most rehabilitative walkersw assist in walking by taking weight throughthe arms. children tend to bear too much weight on the instead of relying on theire legs andimproving walking. To fix the problem, Normaj and seven students designed a walkeer that reacts to the weight childrenh place on the handlebars by depressing and preventin g the walker frommoving forward. To make it engagin g for children, the group attached Nerf-stylwe play guns to the handles for kids to aim and shoowhile exercising.
"Using a walker is like usintg a treadmill," Norman said. "You know it will help you achievesyour goals, but you don't want to get The students worked on the project last school year and teste d their walker through two-wee clinical trials conducted at . The group focusesd on patient's reaction to the walker and collecteds surveys from therapists before tweaking and finalizinfgthe product.
The product recently won one of 10 spotd inthe 's annual conference, held at the end of At the conference, the walker -- dubbed CU Walker -- was named best of show in the desigmn competition, which highlighted innovations in products that help disabled While most of the students involvecd in the CU Walker projecg have graduated, Norman and the team are now working to find a manufacture interested in licensing the technology and then marketing, sellint and distributing the walker across the Norman said it is difficul to gauge the potential markeg for the walker, which cost the students abouf $1,800 to produce and would cost less than $2,000 in the He said nearly 800,000 children and adultes in the United States are living with one or more of the symptomsx of cerebral palsy, the target group for Cedarville's and each year 10,000 babies born in the United Statesx will develop the disease.
The price point of the Cedarvillee walker will be in the rangeof $700 to the same as most and the additional design features are an added Norman said. His goal would be to have one or two ofthe student-designedr walkers in every clinic in America. Anita vice president of the affiliate network forthe , said the market for technology in rehabilitative walkers is strong, and though she hadn't heard of the CU she said the product meets the needs of the market. "Any possible new innovations to allosw children and adultsto live, work and play like the rest of us have a huge impac t on people," Porco said.
She said the elements to make the walkee fun and engaging for children is almost as importanf as thewalker itself. "Play is so important to so if we can find a way to makeit fun, it seem less like a medicapl model and more like a play application. Childrenj will take to it more Dana Gifford, a physical therapist at who worked with the Cedarville team through the walker'se clinical trials, said she thought the CU Walkerd could be successful. "I could see how it could be used Gifford said. "It's more of a therapeuticd tool than one people would have but it's absolutely a great Norman said the response he received at the rehab conferenc e was positive.
He has been in contactr with a few manufacturers in the past though no deals hadbeen made. The idea situation would be if he could find someone to buy the technology and then make and sell theproductt itself, he said. Profits from the sale wouls likely go to the because of intellectual property agreements on though Norman said that was not why the students worked onthe project. "The passion these studentw had for helping someone else in need really drove theidr desire to be creative and inventive and see the project Norman said.
"Without the passion to do it becomes another projectall
Tuesday, November 29, 2011
Power plant builder tries for Md. license - The Business Review (Albany):
valvookimakaj1362.blogspot.com
The proposed plant had met opposition fromcommunityu groups, but the company appeased residents by agreeing to limit truck traffic in neighborhoods and hire It’s now moving ahead with plans that could have the facility generatinfg power by 2012 on a former chemical manufacturing site in Soutn Baltimore’s industrial area. The plant could be part of a wave of renewablre energy generation coming out of the federalo stimulus package and PresidentgBarack Obama’s administration. The company is seeking moneyg from the MarylandEnergy Administration. And it could also returjn about 160 jobs to an area with a histor yof manufacturing.
Energy Answersa filed last week for a certificate of public convenience and The Maryland Public Service Commission reviews all propose d power plants to determine if they are in thepublic interest. Reviea of that application can take up to two years but will likelg be completed insix months, said Michaeo Powell, a lawyer with Baltimore-based firm Gordon Feinblatgt who is representing the company. Kurt who is overseeing the plant in Marylanrd forEnergy Answers, said officials hope construction can starrt by June 2010. He estimates the plant coul d bring 400 construction jobs for two years and 160 jobsafte that.
Another 40 people couldx be hired to work at satellite facilitiews that convert trash and otherd refuse into fuel through a procese the companyhas patented. The plant woulr be built on a former pesticide and herbicidemanufacturing site. Soil and groundwatefr will need to be cleaned Krammer said. The compan y is also going to redevelop the site to rent out partsw to industrial companies thatneed low-cost steam and electricity, Krammer Energy Answers has a similar plany on Massachusetts’ Cape Cod.
Its technologhy converts garbage and other scraps like wood chips or tire treads into a solird fuel that is burned in It exhausts some pollutants like sulfur but in amounts the company says are consideredrelativelyh clean.
The proposed plant had met opposition fromcommunityu groups, but the company appeased residents by agreeing to limit truck traffic in neighborhoods and hire It’s now moving ahead with plans that could have the facility generatinfg power by 2012 on a former chemical manufacturing site in Soutn Baltimore’s industrial area. The plant could be part of a wave of renewablre energy generation coming out of the federalo stimulus package and PresidentgBarack Obama’s administration. The company is seeking moneyg from the MarylandEnergy Administration. And it could also returjn about 160 jobs to an area with a histor yof manufacturing.
Energy Answersa filed last week for a certificate of public convenience and The Maryland Public Service Commission reviews all propose d power plants to determine if they are in thepublic interest. Reviea of that application can take up to two years but will likelg be completed insix months, said Michaeo Powell, a lawyer with Baltimore-based firm Gordon Feinblatgt who is representing the company. Kurt who is overseeing the plant in Marylanrd forEnergy Answers, said officials hope construction can starrt by June 2010. He estimates the plant coul d bring 400 construction jobs for two years and 160 jobsafte that.
Another 40 people couldx be hired to work at satellite facilitiews that convert trash and otherd refuse into fuel through a procese the companyhas patented. The plant woulr be built on a former pesticide and herbicidemanufacturing site. Soil and groundwatefr will need to be cleaned Krammer said. The compan y is also going to redevelop the site to rent out partsw to industrial companies thatneed low-cost steam and electricity, Krammer Energy Answers has a similar plany on Massachusetts’ Cape Cod.
Its technologhy converts garbage and other scraps like wood chips or tire treads into a solird fuel that is burned in It exhausts some pollutants like sulfur but in amounts the company says are consideredrelativelyh clean.
Sunday, November 27, 2011
Dayton library programs to aid job seekers - San Francisco Business Times:
amesit.wordpress.com
The programs are designed to help people in the procesz of finding orchanging jobs. Representatives from the Dayton Job Centetand ’s Career Services will conduct the all free and open to the public. Although the programse are free, reservations are recommended by contacting the hostlibraries directly. • How to Write a Powerfu Resume: This interactive session conducted by Job Centert specialists showingthe Why, Where and How of resumes. Programs will be 7 p.m. Monday, June 15 at the Belmontf Branch, 1041 Watervliet Ave. and 6:30 p.m. Tuesday June 23 at the Kettering-Morainer Branch, 3496 Far Hills Ave.
• Resume and Coverd Letter Development: Presenter Sharma Fox, a career services specialist at SinclairCommunity College, will offer careee assessment and employment guidance and coaching at 6:30 p.m. June 16 at the Main Library 215 E. Third St. and at 6 p.m. July 13, at the Miami Township Branch, 2718 Lyonxs Road. • Interviewing Skills: Make an outstandinf first impression by building successfulinterviewinb skills. Find out how to prepare for what to do inthe interview, and how to folloaw up after the interview. The progranm will take place at2 p.m. June 20, at the Vandalia 500 S. Dixie Drive, 7 p.m. Monday, June 22, at the Belmony Branch, 1041 Watervliet Ave. and 6:30 p.m.
Tuesday, July 7, at the Kettering-Moraine Branch, 3496 Far Hills Ave. • Techniques for Successfup Interviewing: Sharma Fox will offer career employment guidance and coachingat 6:30 p.m. Tuesday, June 30, at the Main Libraru Auditorium, 215 E. Thirds St. and at 6 p.m. July 20, at the Miamoi Township Branch, 2718 Lyons Road.
The programs are designed to help people in the procesz of finding orchanging jobs. Representatives from the Dayton Job Centetand ’s Career Services will conduct the all free and open to the public. Although the programse are free, reservations are recommended by contacting the hostlibraries directly. • How to Write a Powerfu Resume: This interactive session conducted by Job Centert specialists showingthe Why, Where and How of resumes. Programs will be 7 p.m. Monday, June 15 at the Belmontf Branch, 1041 Watervliet Ave. and 6:30 p.m. Tuesday June 23 at the Kettering-Morainer Branch, 3496 Far Hills Ave.
• Resume and Coverd Letter Development: Presenter Sharma Fox, a career services specialist at SinclairCommunity College, will offer careee assessment and employment guidance and coaching at 6:30 p.m. June 16 at the Main Library 215 E. Third St. and at 6 p.m. July 13, at the Miami Township Branch, 2718 Lyonxs Road. • Interviewing Skills: Make an outstandinf first impression by building successfulinterviewinb skills. Find out how to prepare for what to do inthe interview, and how to folloaw up after the interview. The progranm will take place at2 p.m. June 20, at the Vandalia 500 S. Dixie Drive, 7 p.m. Monday, June 22, at the Belmony Branch, 1041 Watervliet Ave. and 6:30 p.m.
Tuesday, July 7, at the Kettering-Moraine Branch, 3496 Far Hills Ave. • Techniques for Successfup Interviewing: Sharma Fox will offer career employment guidance and coachingat 6:30 p.m. Tuesday, June 30, at the Main Libraru Auditorium, 215 E. Thirds St. and at 6 p.m. July 20, at the Miamoi Township Branch, 2718 Lyons Road.
Thursday, November 24, 2011
Patrick Cudahy fire 'devastating,' exec says - Denver Business Journal:
http://leclubnet.com/index.php?option=com_content&task=view&id=21&Itemid=35
Cudahy Mayor Ryan McCue's declaration at a Monday afternoon pressw conference will potentially give the city access to county andstatee resources. Smoke from the blazd could be seen for several milezs and was easily visible in downtown Milwaukee Monday more than 12 hours aftert the fire first was reportedr onSunday night. No injuries were reported. “It’as a devastating day for us,” said an obviouslyh shaken Bill Otis, chief operating officerd at Patrick Cudahy, which is ownexd by (NYSE: SFD), of Smithfield, Va. “I’ sure this is going to set us back.
” Otis said at a middayh press conference that the company was workingg to contactits 1,800 employees, as well as various customers. Management of Patrick Cudahy also has been in contacr with Smithfield to determine if some meat processinb operations could be temporarily shifterd to otherSmithfield plants. The building affectede by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildinhg is used forham processing, he said. Not all areaz of the Patrick Cudahy complex have been affecter bythe fire, Otis said. Only a smalo number of maintenance employees were at the plantr when the firebrokw out.
Production at the plant had been shut down since the end of the day on July 3 for theholiday “It’s a miracle there were no injuriesz when you see the extent of the Otis said. Production at the Patricl Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of humajn resources at Patrick Cudahy. “We’ve got to put the fire out first.” The city of Cudahgy issued a mandatory evacuationn order for anyone residing withih one mile of the planf at OneSweet Apple-Wood Lane.
The affected area stretched east to Lake west toPennsylvania Avenue, northn to Lunham Avenue and south to Ramseyu Avenue. McCue said late Monday afternoon that as manyas 15,00o0 of the city's 19,000 residents live within the evacuationm zone. Evacuees were asked to report directly to Souty MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendeds that residents report to Mitchell Elementary 5950 S. Illinois Ave. in However, a late morning wind shift was leadinb to the evacuation of the neighborhoor aroundthe school. The evacuation order was lifte at about7 p.m. Monday eveningh and residents were allowefd to return totheir homes.
At issuse was whether the blazre will breach a fire wall and cause ammonias stored on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer said. The ammoniz is used for refrigerationm atthe plant. Mayer said at the Monday afternoon pres conference that hewas "cautiously that most of the ammonia had been containeds within the building, although he adde d that a small amount likely leaked out. Mayer said the blaze, which was reportedd at about 9:45 p.m. Sunday, has been difficultt to fight because it began in a confinede space near the roof of the building and abovw thesprinkler system.
At one point earlgy on, Mayer said, it appeared as though firefighteres had the blazeunder control, but the sprinkletr system and roof began to collapse. "The fire sprinklerse weren't able to control the fire," he
Cudahy Mayor Ryan McCue's declaration at a Monday afternoon pressw conference will potentially give the city access to county andstatee resources. Smoke from the blazd could be seen for several milezs and was easily visible in downtown Milwaukee Monday more than 12 hours aftert the fire first was reportedr onSunday night. No injuries were reported. “It’as a devastating day for us,” said an obviouslyh shaken Bill Otis, chief operating officerd at Patrick Cudahy, which is ownexd by (NYSE: SFD), of Smithfield, Va. “I’ sure this is going to set us back.
” Otis said at a middayh press conference that the company was workingg to contactits 1,800 employees, as well as various customers. Management of Patrick Cudahy also has been in contacr with Smithfield to determine if some meat processinb operations could be temporarily shifterd to otherSmithfield plants. The building affectede by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildinhg is used forham processing, he said. Not all areaz of the Patrick Cudahy complex have been affecter bythe fire, Otis said. Only a smalo number of maintenance employees were at the plantr when the firebrokw out.
Production at the plant had been shut down since the end of the day on July 3 for theholiday “It’s a miracle there were no injuriesz when you see the extent of the Otis said. Production at the Patricl Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of humajn resources at Patrick Cudahy. “We’ve got to put the fire out first.” The city of Cudahgy issued a mandatory evacuationn order for anyone residing withih one mile of the planf at OneSweet Apple-Wood Lane.
The affected area stretched east to Lake west toPennsylvania Avenue, northn to Lunham Avenue and south to Ramseyu Avenue. McCue said late Monday afternoon that as manyas 15,00o0 of the city's 19,000 residents live within the evacuationm zone. Evacuees were asked to report directly to Souty MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendeds that residents report to Mitchell Elementary 5950 S. Illinois Ave. in However, a late morning wind shift was leadinb to the evacuation of the neighborhoor aroundthe school. The evacuation order was lifte at about7 p.m. Monday eveningh and residents were allowefd to return totheir homes.
At issuse was whether the blazre will breach a fire wall and cause ammonias stored on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer said. The ammoniz is used for refrigerationm atthe plant. Mayer said at the Monday afternoon pres conference that hewas "cautiously that most of the ammonia had been containeds within the building, although he adde d that a small amount likely leaked out. Mayer said the blaze, which was reportedd at about 9:45 p.m. Sunday, has been difficultt to fight because it began in a confinede space near the roof of the building and abovw thesprinkler system.
At one point earlgy on, Mayer said, it appeared as though firefighteres had the blazeunder control, but the sprinkletr system and roof began to collapse. "The fire sprinklerse weren't able to control the fire," he
Tuesday, November 22, 2011
Regions says it's close to reaching fed's $2.5B capital requirement - Atlanta Business Chronicle:
ramsburgsyuheo1544.blogspot.com
billion once some of its latest transactionsare finalized. The Ala.-based banking giant raked in $1.8 billionh from its common stocl offering andanother $278 million from selling its mandatoryu convertible preferred stock, which is the firsrt time it offered such shares. It also plands to generate $172 million from swapping its commo n shares to trust preferred which are expected to closew bynext week. The company poniede up another $177 million from sellingh its stake inVisa Inc. and other securities, accordinbg to a written statement publishedlate Thursday. And Regionas will also boost its capital levelswith $200 milliomn worth of deferred tax assets.
Regionse (NYSE: RF) was among 10 of the top U.S. bank ordered by the Federal Reserve to raise more capitalk after results of the widelypublicized “streszs tests” pegged the bank to suffer from $9.2 billiob in losses over the next two years, given the worst-casre scenario. Regions and several other financialinstitutions – even thosed that weren’t required to raise additional capital – initiated stock offerings after the stress test results were made Many have been successful in their
billion once some of its latest transactionsare finalized. The Ala.-based banking giant raked in $1.8 billionh from its common stocl offering andanother $278 million from selling its mandatoryu convertible preferred stock, which is the firsrt time it offered such shares. It also plands to generate $172 million from swapping its commo n shares to trust preferred which are expected to closew bynext week. The company poniede up another $177 million from sellingh its stake inVisa Inc. and other securities, accordinbg to a written statement publishedlate Thursday. And Regionas will also boost its capital levelswith $200 milliomn worth of deferred tax assets.
Regionse (NYSE: RF) was among 10 of the top U.S. bank ordered by the Federal Reserve to raise more capitalk after results of the widelypublicized “streszs tests” pegged the bank to suffer from $9.2 billiob in losses over the next two years, given the worst-casre scenario. Regions and several other financialinstitutions – even thosed that weren’t required to raise additional capital – initiated stock offerings after the stress test results were made Many have been successful in their
Sunday, November 20, 2011
First 'green' KFC/Taco Bell is now LEED certified - Los Angeles Business from bizjournals:
uhetemejih.wordpress.com
has been awarded LEED Gold certification, according to Yum Brands. The KFC/Tacop Bell store as part of Yum’s ongoing commitment to corporatesocial responsibility. Leadership in Energ and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several including how sustainable a site is, water-use efficiency, energhy efficiency and innovation in design. Yum’s new restaurant is designede to use 30 percent less energy and water than aconventionalp building, to cut carbon dioxide emissions, to reduce waste and educat e customers and employees on sustainable design, the releas said.
The Yum building sets an examplreof what’s possible for the restauranf industry, Jonathan Balas, the KFC architect who coordinated the project, said in the release. The restauranft provides a testing lab to study the performance of greebn technologies and approaches to reducethe company’sd environmental impact, he added. Solar energyh to preheat fresh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtures with lower water-consumptiomn rates and a rain gardenh with filters that improve storn water quality; A lighting control system that maximizea the use of natural light and includes energy-efficienyt LED lights in the restaurant, parking lot and on The restaurant also composts and recycles waste, including enhanced cookingy oil reclamation.
Louisville-based Yum (NYSE: YUM) is the parent company of Irvine's Taco Bell Corp.
has been awarded LEED Gold certification, according to Yum Brands. The KFC/Tacop Bell store as part of Yum’s ongoing commitment to corporatesocial responsibility. Leadership in Energ and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several including how sustainable a site is, water-use efficiency, energhy efficiency and innovation in design. Yum’s new restaurant is designede to use 30 percent less energy and water than aconventionalp building, to cut carbon dioxide emissions, to reduce waste and educat e customers and employees on sustainable design, the releas said.
The Yum building sets an examplreof what’s possible for the restauranf industry, Jonathan Balas, the KFC architect who coordinated the project, said in the release. The restauranft provides a testing lab to study the performance of greebn technologies and approaches to reducethe company’sd environmental impact, he added. Solar energyh to preheat fresh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtures with lower water-consumptiomn rates and a rain gardenh with filters that improve storn water quality; A lighting control system that maximizea the use of natural light and includes energy-efficienyt LED lights in the restaurant, parking lot and on The restaurant also composts and recycles waste, including enhanced cookingy oil reclamation.
Louisville-based Yum (NYSE: YUM) is the parent company of Irvine's Taco Bell Corp.
Friday, November 18, 2011
Bills optimistic that WR Johnson can play at Miami - SI.com
grachevakautawil.blogspot.com
Globe and Mail | Bills optimistic that WR Johnson can play at Miami SI.com ORCHARD PARK, NY (AP) -- Buffalo Bills receiver Stevie Johnson should be ready to play in Sunday's game against the Miami Dolphins, but is still being listed as questionable because of a shoulder injury. Johnson hurt his shoulder in Sunday's loss to ... WR Steve Johnson questionable Bills WR Johnson returns to practice on limited basis; S Wilson questionable ... Bills WR Johnson limited in practice |
Wednesday, November 16, 2011
Grede Foundries files for bankruptcy protection - Business First of Columbus:
tenamup.wordpress.com
Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registerer investment adviser and manager of private investment funds with more than $5 billionn in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptct Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentf economic downturn on the compant and its customers, particularly the automotive said Richard Koenings chairman of the board of directorss for Wauwatosa-based Grede.
The reorganization and asset sale is expectedr to position the company for a turnaround as the countruy emerges from the most difficult economic period it has seenin generations, he “The significant deterioration in the automotives and construction industries and the resulting impacyt on our company and the foundr industry in general require that we take this strategic action,” Koenings said. “Wre have carefully explored many options, and believe a sale to a stronvg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglyhdifficult marketplace.
” Koenings stressed that Gredee Foundries remains in business and that jobs will remain durin g the transition. “This move gives us the time to restructure while we continue to do business and operaterour plants,” he said. “Grede will continue to buy goodw and services fromits vendors, support its work forc and provide its customers with the same qualityt products and service they’ve come to expectt from us. Our goal is to preserve and strengthen our businesa so that we can compete successfully in the Wayzata has also agreee to make thefirst bid, oftenm called a “stalking bid, for Grede.
“Wayzata’s commitmenyt shows their belief in the strengtj of the Grede name and its respected position in thefoundry industry,” Koenings said. Sales of businesses in bankruptcy proceedings are oftej structured where one company makes the initial bid foranothet company’s assets. Under rules approved by the higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receives the best value for its assetws and allows for offers that are best for the creditor s while preserving the business company management said.
Grede said that it has alreadt received inquiries from other partiees that are interestedin Grede’ws production capacity. Koenings said Gredre expects the sale and related bidding procesw to move steadily through thecour system. “We are deepluy committed to doing everything necessary to put our companyg on solid footing as the nation begins to rise out of the worsg economic conditions since the Great he said. “Our customers very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeees from its foundry in Wauwatosa since the end of In April, the company revealed plans to closw its foundry in Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registerer investment adviser and manager of private investment funds with more than $5 billionn in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptct Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentf economic downturn on the compant and its customers, particularly the automotive said Richard Koenings chairman of the board of directorss for Wauwatosa-based Grede.
The reorganization and asset sale is expectedr to position the company for a turnaround as the countruy emerges from the most difficult economic period it has seenin generations, he “The significant deterioration in the automotives and construction industries and the resulting impacyt on our company and the foundr industry in general require that we take this strategic action,” Koenings said. “Wre have carefully explored many options, and believe a sale to a stronvg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglyhdifficult marketplace.
” Koenings stressed that Gredee Foundries remains in business and that jobs will remain durin g the transition. “This move gives us the time to restructure while we continue to do business and operaterour plants,” he said. “Grede will continue to buy goodw and services fromits vendors, support its work forc and provide its customers with the same qualityt products and service they’ve come to expectt from us. Our goal is to preserve and strengthen our businesa so that we can compete successfully in the Wayzata has also agreee to make thefirst bid, oftenm called a “stalking bid, for Grede.
“Wayzata’s commitmenyt shows their belief in the strengtj of the Grede name and its respected position in thefoundry industry,” Koenings said. Sales of businesses in bankruptcy proceedings are oftej structured where one company makes the initial bid foranothet company’s assets. Under rules approved by the higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receives the best value for its assetws and allows for offers that are best for the creditor s while preserving the business company management said.
Grede said that it has alreadt received inquiries from other partiees that are interestedin Grede’ws production capacity. Koenings said Gredre expects the sale and related bidding procesw to move steadily through thecour system. “We are deepluy committed to doing everything necessary to put our companyg on solid footing as the nation begins to rise out of the worsg economic conditions since the Great he said. “Our customers very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeees from its foundry in Wauwatosa since the end of In April, the company revealed plans to closw its foundry in Greenwood, S.C.
Monday, November 14, 2011
Aviza Technology files for Chapter 11 - Triangle Business Journal:
mozybyd.wordpress.com
The Scotts Valley company (NASDAQ:AVZA) makes advanced semiconductor capita l equipment and process technologies for the global semiconductor industry andrelatex markets. "As a result of the globapl economic recession, demand for semiconductor manufacturing equipment hasdeclinefd dramatically," the company said, adding that it has "undertakeb significant efforts to reduce its expenses and workinyg capital requirements in response to thesed unprecedented market conditions." The company reportee a loss of $47.4 million, or $2.19 a on $133.2 million in The year before it reportecd $383,000, or 2 cents a share, in net income on $231.4e million in revenue.
Aviza in April said it had cut its work forc e by about 15 percent and plannedc to move toa "more appropriately sizeed location" elsewhere in Santa Clara Aviza employed nearly 500 in September, when it last reported the numbetr of employees it had. The company said Wednesday that it has also trimmeedexecutive salaries, created mandatory time off for all employees and decreasecd non-labor expenses.
At the same the company has been working with LLC to review and pursue financial and strategic options including merging with or intoanothetr company, a sale of all or substantially all of the company’ds assets, and the liquidation or dissolution of the company through bankruptcy proceedings. "The continuinfg declines in orders from and shipments to customers and related cash the recent acceleration ofthe company’s borrowings undef its secured credit and the company’s inability to identify new sources of liquidityy have caused the company to seek bankruptcy protectionn in order to better manage its operations through an orderlty restructuring process," Aviza said.
Prior to the commencement of the Chapter11 case, Aviza executed a nonbinding letter of intentg to sell certain of its assets and businessez to Ltd.
The Scotts Valley company (NASDAQ:AVZA) makes advanced semiconductor capita l equipment and process technologies for the global semiconductor industry andrelatex markets. "As a result of the globapl economic recession, demand for semiconductor manufacturing equipment hasdeclinefd dramatically," the company said, adding that it has "undertakeb significant efforts to reduce its expenses and workinyg capital requirements in response to thesed unprecedented market conditions." The company reportee a loss of $47.4 million, or $2.19 a on $133.2 million in The year before it reportecd $383,000, or 2 cents a share, in net income on $231.4e million in revenue.
Aviza in April said it had cut its work forc e by about 15 percent and plannedc to move toa "more appropriately sizeed location" elsewhere in Santa Clara Aviza employed nearly 500 in September, when it last reported the numbetr of employees it had. The company said Wednesday that it has also trimmeedexecutive salaries, created mandatory time off for all employees and decreasecd non-labor expenses.
At the same the company has been working with LLC to review and pursue financial and strategic options including merging with or intoanothetr company, a sale of all or substantially all of the company’ds assets, and the liquidation or dissolution of the company through bankruptcy proceedings. "The continuinfg declines in orders from and shipments to customers and related cash the recent acceleration ofthe company’s borrowings undef its secured credit and the company’s inability to identify new sources of liquidityy have caused the company to seek bankruptcy protectionn in order to better manage its operations through an orderlty restructuring process," Aviza said.
Prior to the commencement of the Chapter11 case, Aviza executed a nonbinding letter of intentg to sell certain of its assets and businessez to Ltd.
Saturday, November 12, 2011
Spencerian College opens annex at Shively Center - Business First of Louisville:
yzirapogyg.wordpress.com
Spencerian's parent, Louisville-based , signed a five-yeard lease for 8,140 squared feet with the shopping center's owner, Little Ark.-based retailer Dillard's Inc., according to A.R. Sullivan, presideny of the family-owned group of post-secondary Spencerian already had openeda $1.5 8,000-square-foot addition to its main campus at 4627 Dixie Highway a little over a year ago in Septembefr 2001 but has already run out of space there, Sullivan said. Dillard's owns Shively Center and operates a retaillocatiohn there. The Louisville commercial real estate firm CBRicharfd Ellis/Nicklies represented the retail chaib in the lease agreement.
Classes began at the Shivelgy Center siteon Sept. 23, according to Sullivan. He said the collegse system spent $325,000 to renovate the space for Ron MettsConstruction Co. Inc. was the general contractor on the The Louisville architectural firmLouiw & Henry Group did the design work. Of Sullivan's total investment, $275,000 went toward construction, whilwe the remainder was spent on equipment and the systempresident said. "It's a very low-profilee presence," Sullivan said of the satellited branch. "We don't have any big neon signsw because it's just a classroom annez for us.
" In addition to the main DixierHighway campus, Spencerian has another location in at 2355 Harrodsburg Road. Last the main campus had an enrollment of 585 accordingto Sullivan. This fall, enrollmenrt is more than 900. Spencerian's total enrollment is close to 1,30 0 this quarter, Sullivan up from 917 a year ago. Sullivah attributed the local growthto Spencerian's addition of associatse degree programs in several medical including radiological technology, surgical cardiovascular technology, medical codint and health care reimbursement. He also praisecd Spencerian executive director Jan Gordon for her work in growingb enrollment andstrengthening programs.
Frank the broker who handled the leasing arrangements for CBRicharcd Ellis/Nicklies, said the Shively Centedr has seen "more interest of late." The Spenceriahn annex is located next to space that formerly housedd a 3,000-square-foot Chi-Chi's Mexican restaurant. A leas e is pending on that restaurantspaced also, according to Bellis, who wouldc provide no further details.
Spencerian's parent, Louisville-based , signed a five-yeard lease for 8,140 squared feet with the shopping center's owner, Little Ark.-based retailer Dillard's Inc., according to A.R. Sullivan, presideny of the family-owned group of post-secondary Spencerian already had openeda $1.5 8,000-square-foot addition to its main campus at 4627 Dixie Highway a little over a year ago in Septembefr 2001 but has already run out of space there, Sullivan said. Dillard's owns Shively Center and operates a retaillocatiohn there. The Louisville commercial real estate firm CBRicharfd Ellis/Nicklies represented the retail chaib in the lease agreement.
Classes began at the Shivelgy Center siteon Sept. 23, according to Sullivan. He said the collegse system spent $325,000 to renovate the space for Ron MettsConstruction Co. Inc. was the general contractor on the The Louisville architectural firmLouiw & Henry Group did the design work. Of Sullivan's total investment, $275,000 went toward construction, whilwe the remainder was spent on equipment and the systempresident said. "It's a very low-profilee presence," Sullivan said of the satellited branch. "We don't have any big neon signsw because it's just a classroom annez for us.
" In addition to the main DixierHighway campus, Spencerian has another location in at 2355 Harrodsburg Road. Last the main campus had an enrollment of 585 accordingto Sullivan. This fall, enrollmenrt is more than 900. Spencerian's total enrollment is close to 1,30 0 this quarter, Sullivan up from 917 a year ago. Sullivah attributed the local growthto Spencerian's addition of associatse degree programs in several medical including radiological technology, surgical cardiovascular technology, medical codint and health care reimbursement. He also praisecd Spencerian executive director Jan Gordon for her work in growingb enrollment andstrengthening programs.
Frank the broker who handled the leasing arrangements for CBRicharcd Ellis/Nicklies, said the Shively Centedr has seen "more interest of late." The Spenceriahn annex is located next to space that formerly housedd a 3,000-square-foot Chi-Chi's Mexican restaurant. A leas e is pending on that restaurantspaced also, according to Bellis, who wouldc provide no further details.
Wednesday, November 9, 2011
Paragraph dropped from review on hospital location - Irish Times
oryzacody.wordpress.com
Irish Times | Paragraph dropped from review on hospital location Irish Times THE FINAL report of a review of controversial plans for the Children's Hospital of Ireland â€" commissioned last May by Minister for Health Dr James Reilly â€" dropped a paragraph saying a greenfield site would be “the ideal location†for the project. ... |
Monday, November 7, 2011
First Marblehead bank runs afoul of regulators - Philadelphia Business Journal:
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That’s according to a cease and desist order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packagingg student loans into securities has dried up, now facea the prospect of pumping millionsw of dollars of capitapl into the small Rhode Island bank to bolster its capital. The OTS ordee says First Marblehead is required to maintaina $30 million depositt at the bank until it is sold or the bank’ concentration of private student loans is reducecd to 50 percent of Union Federal’es capital, plus any allowanc e for loan losses.
First Marblehead also needs OTS approval befor making any golden parachute payments to senior executives, according to the cease and desist order. Unionm Federal Savings Bank’s problems have been chronicleds in previous stories by the BostonBusinessw Journal. Before being acquired by First Marblehead, Unionj Federal Savings had about $40 milliojn in assets. But that balance sheet ballooned to morethan $600 millionj last year as First Marblehead move d some $500 million in risky private student loans onto the bank’zs balance sheet. The bank has been unsuccessful in sellinb those loans while an escalating number of defaults have triggeredrlarge losses.
In the firsrt quarter, for example, the North Providence-based bank lost $26.4 million, according to federal bank filings.
That’s according to a cease and desist order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packagingg student loans into securities has dried up, now facea the prospect of pumping millionsw of dollars of capitapl into the small Rhode Island bank to bolster its capital. The OTS ordee says First Marblehead is required to maintaina $30 million depositt at the bank until it is sold or the bank’ concentration of private student loans is reducecd to 50 percent of Union Federal’es capital, plus any allowanc e for loan losses.
First Marblehead also needs OTS approval befor making any golden parachute payments to senior executives, according to the cease and desist order. Unionm Federal Savings Bank’s problems have been chronicleds in previous stories by the BostonBusinessw Journal. Before being acquired by First Marblehead, Unionj Federal Savings had about $40 milliojn in assets. But that balance sheet ballooned to morethan $600 millionj last year as First Marblehead move d some $500 million in risky private student loans onto the bank’zs balance sheet. The bank has been unsuccessful in sellinb those loans while an escalating number of defaults have triggeredrlarge losses.
In the firsrt quarter, for example, the North Providence-based bank lost $26.4 million, according to federal bank filings.
Saturday, November 5, 2011
Business
omagyvoham.wordpress.com
The projected 9 percent cost increase is slightlyu lower thanthe 9.2 percentt increase in 2009 and 9.9 percent increase in 2008, PricewaterhouseCoopere says. Medical-cost increases continue to outpace inflation and wage The report suggests that medical costw continue to climbbecauss U.S. workers are accelerating thei r useof health-care services in anticipation of losingb their jobs and, potentially, their insurance. Rising unemployment, an increased numbers of individuals with little or no insurancer and a growing percentage of the population on Medicaid furthed rampup medical-cost trends — the figures actuariee use to set future health-insurancee premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costs of health insurance to their workerswin 2010. Employers also say they expecg workers to take more responsibility for managing theierpersonal health.
The projected 9 percent cost increase is slightlyu lower thanthe 9.2 percentt increase in 2009 and 9.9 percent increase in 2008, PricewaterhouseCoopere says. Medical-cost increases continue to outpace inflation and wage The report suggests that medical costw continue to climbbecauss U.S. workers are accelerating thei r useof health-care services in anticipation of losingb their jobs and, potentially, their insurance. Rising unemployment, an increased numbers of individuals with little or no insurancer and a growing percentage of the population on Medicaid furthed rampup medical-cost trends — the figures actuariee use to set future health-insurancee premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costs of health insurance to their workerswin 2010. Employers also say they expecg workers to take more responsibility for managing theierpersonal health.
Thursday, November 3, 2011
Rafting guide makes first river trip after Condit Dam breaching - The Columbian
fixyruw.wordpress.com
Rafting guide makes first river trip after Condit Dam breaching The Columbian UNDERWOOD â€" The lower White Salmon River is laced with woody debris that “look like shish kebabs facing upstream ready to spear you,'' said the rafting guide who on Wednesday made the first trip down the stream since the breaching of ... |
Tuesday, November 1, 2011
Chesco eyeing trauma care - Philadelphia Business Journal:
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Chester County, with 485,000 is the largest countty in Pennsylvania without a traumaa center to care for criticallyinjured patients. High medical malpractic e insurance costs factored into the decisionj to close thetrauma center. "We are interested in reopeningya level-II trauma and we hope this is a firsg step in doing that," said Mark A. Benz, Brandywine's presiden and CEO. Benz said the hospital would need financial help to do so becaused of the costs it woulr incur to hire threr neurosurgeons toprovide 24-hour, seven-day-a-weekm coverage in a trauma center.
Chester County last montbh established a task force comprisedof federal, statr and county officials; business and health-carde industry representatives and community leaders to study if a new traumas center is needed and, if so, how to generat public and private funds to help supporty one. U.S. Rep. Jim R-Chester, said the panel is a result of a 2007 Chester County Trauma Center study that found supporf for establishing a new trauma centetr at either Brandywine Hospitalk in Coatesville or in West Chester becaused of their centralized locations in the The report determined running the traums center would costbetween $5 million and $8 million a an expense neither hospital can afford.
"We'r going to explore all funding opportunities," Gerlach "Chester County really needs a trauma We are the largest county in thestate [withouy a trauma center], and the only county in southeastern Pennsylvaniaq that doesn't have one. The studgy also found the averagetranspory time, by ambulance or helicopter, to get Chesterd County patients to a trauma centere in an adjoining county is about 73 minutes. The optimum time for treating trauma patients is under60 minutes. When Brandywine's traum a center was open, the average time was 47 minutes.
"One of our bigges concerns," Benz said, "is the population is growing rapidly in Chester Countgy and the traffic is growingwith it. That 73 minutea is going to get "Brandywine was forced into closing its traumqa center in 2002 primarily because it was the height of the medicalp malpractice insurance crisis in southeastern Trying to employ neurosurgeons around the clock was too That was the primary reason for closing thetrauma center." Dr.
Andrews Freese, Brandywine's new medical director for is quite familiar with the malpractice insurance climate in having spent 14 years in Philadelphia at and before escalatingb premium costs drove him to move his practicde to Minnesotain 2004. "I had never lost or settleds a suit, but my malpractice insurance premiumss were wellover $200,000 a he said. "The fear was they were gointg tohit $300,000. My family was lookingy at an economic calamity. In 2004 we finally said that's it." Freese took a job as directort of spinal surgery and vice chairman of neurosurgerty for the Universityof Minnesota.
He decided to come back now becaused his family missed this area and becaus of some of the steps the state had taken to controlinsurance premiums. He noted a rule eliminatinf venue shopping, by having cases tried in the county whers the allegedmalpractice occurred, has helpesd stabilize rates in Chester County. "It's still expensive to practice in but in Chester County the rates havedropped precipitously," Freese said. "I can get coverage for aboutr $130,000 or $140,000. Also, because the malpractice rateas have driven a lot of neurosurgeons out ofthe there's a huge demand for neurosurgeonsd in this county.
I think I'll be the only full-times [hospital-based] neurosurgeon based in Chester County." Paoli and Chester Counthy hospitals rely on neurosurgery coverage from physicians who are basedr outsidethe county. in West Grove transfers its neurosurgeryu cases tolarger hospitals. Paolu works with two neurosurgeonsx based out of in Montgomery Both hospitals are part of MainLine Health. Chesterr County Hospital officials said they would consided a trauma center if the task forcre determines the West Chestert medical center is thebest option.
"Regardless of significangt economic and medicalstaffing issues, the growtgh of Chester County in the years to come compels us all to plan togethert on how best to create a level-II traumwa center over the next few said H.L. "Perry" Pepper, the hospital's presidenyt and CEO. "The Chester County Hospital understandxs that many citizens woulds like to have such a unit at our hospitakl and if that is the outcome of a rationalp and objective planning process we stand readyu to do our best to meetthat Dr. Richard D.
senior vice president for medical affairs at ChesterCountu Hospital, said the number of staff neurosurgeonsz at his hospital has slipped from five to one over the past severao years as doctors have eitherr left the region to practice elsewherre or retired. "Neurosurgeons are typicallhy itinerant," Donze said. "They don't have enough cases at one hospitalk to keepthem busy. Sharing one [neurosurgeon] with other hospitals is not ideal, but that's what we There is a limited availabilityfor emergencies." adde a neurosurgeon earlier this year when Dr. Sagi Kuznitse joined its staff.
Kuznits had been with Main Line Healtuh before establishing a private practice in Montgomery County, to serv patients in western Montgomery and northern Chester counties along the Routse 422 corridor. He is splitting his time between Phoenixvillw Hospital and Pottstown Memorial Hospital like Brandywine, are owned by Community Healt Systems Inc. of Franklin, Stephen M. Tullman, CEO at Phoenixville, said the arrangementf is mutually beneficial. "He' providing coverage for the ER here and at Pottstownh and providing neurosurgery atboth hospitals," Tullman said. "We hadn'ft had neurosurgery [at Phoenixville Hospital] in the four yeara since I've been here.
"
Chester County, with 485,000 is the largest countty in Pennsylvania without a traumaa center to care for criticallyinjured patients. High medical malpractic e insurance costs factored into the decisionj to close thetrauma center. "We are interested in reopeningya level-II trauma and we hope this is a firsg step in doing that," said Mark A. Benz, Brandywine's presiden and CEO. Benz said the hospital would need financial help to do so becaused of the costs it woulr incur to hire threr neurosurgeons toprovide 24-hour, seven-day-a-weekm coverage in a trauma center.
Chester County last montbh established a task force comprisedof federal, statr and county officials; business and health-carde industry representatives and community leaders to study if a new traumas center is needed and, if so, how to generat public and private funds to help supporty one. U.S. Rep. Jim R-Chester, said the panel is a result of a 2007 Chester County Trauma Center study that found supporf for establishing a new trauma centetr at either Brandywine Hospitalk in Coatesville or in West Chester becaused of their centralized locations in the The report determined running the traums center would costbetween $5 million and $8 million a an expense neither hospital can afford.
"We'r going to explore all funding opportunities," Gerlach "Chester County really needs a trauma We are the largest county in thestate [withouy a trauma center], and the only county in southeastern Pennsylvaniaq that doesn't have one. The studgy also found the averagetranspory time, by ambulance or helicopter, to get Chesterd County patients to a trauma centere in an adjoining county is about 73 minutes. The optimum time for treating trauma patients is under60 minutes. When Brandywine's traum a center was open, the average time was 47 minutes.
"One of our bigges concerns," Benz said, "is the population is growing rapidly in Chester Countgy and the traffic is growingwith it. That 73 minutea is going to get "Brandywine was forced into closing its traumqa center in 2002 primarily because it was the height of the medicalp malpractice insurance crisis in southeastern Trying to employ neurosurgeons around the clock was too That was the primary reason for closing thetrauma center." Dr.
Andrews Freese, Brandywine's new medical director for is quite familiar with the malpractice insurance climate in having spent 14 years in Philadelphia at and before escalatingb premium costs drove him to move his practicde to Minnesotain 2004. "I had never lost or settleds a suit, but my malpractice insurance premiumss were wellover $200,000 a he said. "The fear was they were gointg tohit $300,000. My family was lookingy at an economic calamity. In 2004 we finally said that's it." Freese took a job as directort of spinal surgery and vice chairman of neurosurgerty for the Universityof Minnesota.
He decided to come back now becaused his family missed this area and becaus of some of the steps the state had taken to controlinsurance premiums. He noted a rule eliminatinf venue shopping, by having cases tried in the county whers the allegedmalpractice occurred, has helpesd stabilize rates in Chester County. "It's still expensive to practice in but in Chester County the rates havedropped precipitously," Freese said. "I can get coverage for aboutr $130,000 or $140,000. Also, because the malpractice rateas have driven a lot of neurosurgeons out ofthe there's a huge demand for neurosurgeonsd in this county.
I think I'll be the only full-times [hospital-based] neurosurgeon based in Chester County." Paoli and Chester Counthy hospitals rely on neurosurgery coverage from physicians who are basedr outsidethe county. in West Grove transfers its neurosurgeryu cases tolarger hospitals. Paolu works with two neurosurgeonsx based out of in Montgomery Both hospitals are part of MainLine Health. Chesterr County Hospital officials said they would consided a trauma center if the task forcre determines the West Chestert medical center is thebest option.
"Regardless of significangt economic and medicalstaffing issues, the growtgh of Chester County in the years to come compels us all to plan togethert on how best to create a level-II traumwa center over the next few said H.L. "Perry" Pepper, the hospital's presidenyt and CEO. "The Chester County Hospital understandxs that many citizens woulds like to have such a unit at our hospitakl and if that is the outcome of a rationalp and objective planning process we stand readyu to do our best to meetthat Dr. Richard D.
senior vice president for medical affairs at ChesterCountu Hospital, said the number of staff neurosurgeonsz at his hospital has slipped from five to one over the past severao years as doctors have eitherr left the region to practice elsewherre or retired. "Neurosurgeons are typicallhy itinerant," Donze said. "They don't have enough cases at one hospitalk to keepthem busy. Sharing one [neurosurgeon] with other hospitals is not ideal, but that's what we There is a limited availabilityfor emergencies." adde a neurosurgeon earlier this year when Dr. Sagi Kuznitse joined its staff.
Kuznits had been with Main Line Healtuh before establishing a private practice in Montgomery County, to serv patients in western Montgomery and northern Chester counties along the Routse 422 corridor. He is splitting his time between Phoenixvillw Hospital and Pottstown Memorial Hospital like Brandywine, are owned by Community Healt Systems Inc. of Franklin, Stephen M. Tullman, CEO at Phoenixville, said the arrangementf is mutually beneficial. "He' providing coverage for the ER here and at Pottstownh and providing neurosurgery atboth hospitals," Tullman said. "We hadn'ft had neurosurgery [at Phoenixville Hospital] in the four yeara since I've been here.
"
Sunday, October 30, 2011
Western Companies See Prospects for Business in Libya - New York Times
bojony.wordpress.com
New York Times | Western Companies See Prospects for Business in Libya New York Times Western security, construction and infrastructure companies that see profit-making opportunities receding in Iraq and Afghanistan have turned their sights on Libya, now free of four decades of dictatorship. Entrepreneurs are abuzz about the business ... Post-Gaddafi Libya Ripe for West Businesses |
Thursday, October 27, 2011
Architecture Billing Index dips in April - Pittsburgh Business Times:
moakhamet84.blogspot.com
fell less than 1 point in April and is nearlyy 3 points below its ratinvg ayear ago, alluding to a continuesd lack in demand for design The survey began in 1995 and has been pullinh in historically low numbers in recengt months, thanks to the economic The April rating was 42.8, down from the 43.7 mark in It was the first time since Augusf and September 2008 that the index was abover 40 for consecutive months, but stilkl indicates an overall drop in demanx for design services. Scores above 50 indicatde increases in billings and lower number showdeclining workloads. The index does point to possibleeconomic improvement, with inquiries by potential clients goinf up.
The new projects inquiry scorwwas 56.8 in April. “Ther most encouraging part of this news is that this is the seconrd month with very strong inquirieas fornew projects. A growing number of architecture firmz report potential projects arising from federapstimulus funds,” said AIA Chief Economist Kermit Baker. too many architects are continuing to report difficult conditionas to feel confident that the economifc landscape for the construction industry will improvevery quickly. What thesse figures mean is that we coulc be seeing things turn arouncd over a period ofsevera months.
” Since the index reflects an approximated nine- to 12-month lag time betweenb architecture billings and construction spending, it is considerecd a leading economic indicator of constructiobn activity. Construction companies usuallyt see work orders materialize nine to 12 month safter architects. Regionally, ratings totalee 39.2 for the West, 45.0 for the 40.1 for the Midwest, and 47.1 for the The descending order of populatr project types are as mixedpractice (44.2), institutional multi-family residential (43.2), and commercial / industriapl (41.7).
fell less than 1 point in April and is nearlyy 3 points below its ratinvg ayear ago, alluding to a continuesd lack in demand for design The survey began in 1995 and has been pullinh in historically low numbers in recengt months, thanks to the economic The April rating was 42.8, down from the 43.7 mark in It was the first time since Augusf and September 2008 that the index was abover 40 for consecutive months, but stilkl indicates an overall drop in demanx for design services. Scores above 50 indicatde increases in billings and lower number showdeclining workloads. The index does point to possibleeconomic improvement, with inquiries by potential clients goinf up.
The new projects inquiry scorwwas 56.8 in April. “Ther most encouraging part of this news is that this is the seconrd month with very strong inquirieas fornew projects. A growing number of architecture firmz report potential projects arising from federapstimulus funds,” said AIA Chief Economist Kermit Baker. too many architects are continuing to report difficult conditionas to feel confident that the economifc landscape for the construction industry will improvevery quickly. What thesse figures mean is that we coulc be seeing things turn arouncd over a period ofsevera months.
” Since the index reflects an approximated nine- to 12-month lag time betweenb architecture billings and construction spending, it is considerecd a leading economic indicator of constructiobn activity. Construction companies usuallyt see work orders materialize nine to 12 month safter architects. Regionally, ratings totalee 39.2 for the West, 45.0 for the 40.1 for the Midwest, and 47.1 for the The descending order of populatr project types are as mixedpractice (44.2), institutional multi-family residential (43.2), and commercial / industriapl (41.7).
Tuesday, October 25, 2011
Associate Solutions, Lewis Block and Supply win Kansas City, Kan., chamber awards - Kansas City Business Journal:
stelauguqdinec.blogspot.com
Lenexa-based Associate Solutions is aninternational business-softwarew service company specializing in Microsoft Terrie Johnson and Charley Pogue founded ASI in 1998. The companyg employs 27 people and works with localp agencies such as andKansas City-basefd Lewis Block and Supply supplies construction materialxs such as segmental retaining walls, highwayh wall panels, stonework and concrete masonr units. Owner Dwayne Lewisa started the company inApril 2007. The company has been involvedr with projects such as installing stonework at Kauffman Stadium and paverse atthe . Lewis and one part-timde employee work for the company, which servicesz Kansas, Missouri, Arkansas, Nebraska and Oklahoma.
“Asz a small business person, you never reallyt expect to be recognizedlike that,” Lewiss said. “What gives me the most gratificatio is that I know people recognizethat I’m out there and doing something right.” The chamber selectex the two winners from a pool of 50 “Small businesses are the lifeblood of our said Patrick McCartney, the chamber’s vice president of “They do a lot of hard work and a lot of grear things for our community, and it’s importantt that they get recognized for thei achievements.” The other finalists for the 2009 New Smalpl Business of the Year Award were , , and .
The othedr finalists for the 2009 Smalll Business of the Year Awardwere , , and .
Lenexa-based Associate Solutions is aninternational business-softwarew service company specializing in Microsoft Terrie Johnson and Charley Pogue founded ASI in 1998. The companyg employs 27 people and works with localp agencies such as andKansas City-basefd Lewis Block and Supply supplies construction materialxs such as segmental retaining walls, highwayh wall panels, stonework and concrete masonr units. Owner Dwayne Lewisa started the company inApril 2007. The company has been involvedr with projects such as installing stonework at Kauffman Stadium and paverse atthe . Lewis and one part-timde employee work for the company, which servicesz Kansas, Missouri, Arkansas, Nebraska and Oklahoma.
“Asz a small business person, you never reallyt expect to be recognizedlike that,” Lewiss said. “What gives me the most gratificatio is that I know people recognizethat I’m out there and doing something right.” The chamber selectex the two winners from a pool of 50 “Small businesses are the lifeblood of our said Patrick McCartney, the chamber’s vice president of “They do a lot of hard work and a lot of grear things for our community, and it’s importantt that they get recognized for thei achievements.” The other finalists for the 2009 New Smalpl Business of the Year Award were , , and .
The othedr finalists for the 2009 Smalll Business of the Year Awardwere , , and .
Sunday, October 23, 2011
Penske losing Big Lots logistics contract - San Antonio Business Journal:
ramoledef.blogspot.com
is packing up this summer at thediscount retailer’s headquarterd and four other distribution facilitiew after the merchant opted to not renew a logisticsz contract that expires in July. The Reading, Pa.-basef Penske said 186 workers, includinf 53 in Columbus, could be affected when its contractrwith Columbus-based Big Lots (NYSE:BIG) expiresw July 31. Penske spokesman Randy Ryerson said the compan has worked with the retailersince 1991. The 1,300-store Big Lots has chosen a new third-part y logistics provider to continuew the warehousing and distribution work that Penskre performed atthe retailer’s Phillipi Road headquarters and its distributioh centers in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Big Lots’ vice president of strategic planning and investor said more than a dozen carriers bid for the He declined to disclose the company Big Lots selecter tosucceed Penske. Big Lots and Pensk representativessaid they’re working with trucjk drivers looking to continue work under the new logisticsx provider. Johnson said the company met with workera over the weekend to introduce the new In the event that some workersare cut, Ryersoh said privately held Penske will work with the statee “to make sure employeed are aware of different services.” Penske employs abourt 20,000 workers worldwide.
Asked why Big Lots optedx to bid for a new contractor after thelatest five-year contract with Penske, Johnsobn said, “a lot has changed in transportation in the past five We owed it to our associates and shareholderz to take a fresh look at how we handl outbound transport.” The loss of the Big Lots contractr comes less than a year after Penske was replaced at a warehouse in Chattanooga, Tenn.-based last fall stepped in at the where Penske had employed 146 workers. Penskew has 400 logistics centers worldwide.
Its Central Ohio operationws include a number of distributiomn and warehousing facilities inthe
is packing up this summer at thediscount retailer’s headquarterd and four other distribution facilitiew after the merchant opted to not renew a logisticsz contract that expires in July. The Reading, Pa.-basef Penske said 186 workers, includinf 53 in Columbus, could be affected when its contractrwith Columbus-based Big Lots (NYSE:BIG) expiresw July 31. Penske spokesman Randy Ryerson said the compan has worked with the retailersince 1991. The 1,300-store Big Lots has chosen a new third-part y logistics provider to continuew the warehousing and distribution work that Penskre performed atthe retailer’s Phillipi Road headquarters and its distributioh centers in Tremont, Pa; Ala.
; Rancho Cucamonga, Calif.; and Durant, Okla. Timothy Big Lots’ vice president of strategic planning and investor said more than a dozen carriers bid for the He declined to disclose the company Big Lots selecter tosucceed Penske. Big Lots and Pensk representativessaid they’re working with trucjk drivers looking to continue work under the new logisticsx provider. Johnson said the company met with workera over the weekend to introduce the new In the event that some workersare cut, Ryersoh said privately held Penske will work with the statee “to make sure employeed are aware of different services.” Penske employs abourt 20,000 workers worldwide.
Asked why Big Lots optedx to bid for a new contractor after thelatest five-year contract with Penske, Johnsobn said, “a lot has changed in transportation in the past five We owed it to our associates and shareholderz to take a fresh look at how we handl outbound transport.” The loss of the Big Lots contractr comes less than a year after Penske was replaced at a warehouse in Chattanooga, Tenn.-based last fall stepped in at the where Penske had employed 146 workers. Penskew has 400 logistics centers worldwide.
Its Central Ohio operationws include a number of distributiomn and warehousing facilities inthe
Friday, October 21, 2011
Take the lead in handling stress - Phoenix Business Journal:
bertayfybuqutyp.blogspot.com
Pegine Echevarria is an authort and motivational speaker whoseseminar “Play BIG to Reacbh Your Potential” teaches everyone from management to team members how to recognizre and fix problem behaviors so that everyonw reaches their full potential whilde contributing to the success of the business. Some of the familiar personalituy pitfalls she addresses arethe “me-focused” the victim, the the drama queen, and those with just plaimn old attitude.
“Part of what happends is peoplejoke around,” Echevarria “They know their weaknesses, their bad behaviorr and they say, ‘Oh, I’m such a drama queen,’ but they don’t do anythingf about it. They don’tg realize the cost of that behavior ontheidr success. You have to have a plan [to addresss and correct that behavior]. Too ofteb people don’t have a plan of action or they are not consistenyt in going after that The plan should include little things like just beinggrateful — thing really can get worse — investing in one’s traininyg and/or skill set, or seeking or becomin g a mentor.
“Even the top CEO of a globaol organization needs a Echevarria said. Everyone also needes to have a good, diverse network. “Getting a network takex courage,” she said. “If you look at your networo and everyone lookslike you, talks like you and acts like you, it’ s not a courageous act. You have to reacuh out to others.” Maribel Hernandez used the “Playh BIG” seminar in 2001 when she was transition coordinator at the Jacksonville Airport Authority when the Jacksonviller Port Authority split into separatew airport andseaport authorities.
When Echevarria described the different “everyone, all the employees, knew who they were, but it was in a humoroud way,” said Hernandez, who is now operations manageer at Blue Cross and Blue Shield ofFlorids Inc. Echevarria also explained, “We know what you’re going through. Let’s put that aside and focu s on what wecan control.” “She was usintg those human behaviors and humor to motivate Hernandez said. Whatever the situation, “it’s not the end of the Echevarria also provided tips on dealing with such as when someone is focused onthe negatives.
“She gave them good tips to help them deal with the negativityh around them so they can be Hernandez said. “Someone might be negative, even thougbh they are a good friend. ‘II know you want to vent. Here’s a I put five minutes on it. Aftet that, I don’t want to hear it.’ ” Suzi CEO of , recommends business ownerxs and supervisors use what she callsd the STAR method when dealinyg with undesirable behavior inthe workplace. STAR stands for the “situation” in whic h the behavior occurred, the “task” the person was supposed to complete, the “action” which should have been taken and the ofthe behavior.
“Then at the bottom of what does the employee agree to do in the to changethe behavior, Lemen said. “It’s basicallt a coaching tool.” Lemen said bad behaviotr can often be mitigateds simply byaddressing it. “There’s usually something behinf it. It might be fear around losing the job or somethinvg that is unrelated to the job that they brinyg in to the People have problems at home or financial They are under a lot of pressurdright now.” But using the STAR methor “opens the dialogue. A lot of times you find out therde is a miscommunication ora misunderstanding.
” Echevarria said particularly in these stressful times, the most important key to dealing with others in the officde is to just lightejn up. “Laugh. You have to laugh. Peoplre like being around happu people and peoplewho laugh. And I don’rt care how serious your environmentis — as a matterd of fact, the more serious the environment, the more the laughtedr is needed because it diffuses the stress.
”
Pegine Echevarria is an authort and motivational speaker whoseseminar “Play BIG to Reacbh Your Potential” teaches everyone from management to team members how to recognizre and fix problem behaviors so that everyonw reaches their full potential whilde contributing to the success of the business. Some of the familiar personalituy pitfalls she addresses arethe “me-focused” the victim, the the drama queen, and those with just plaimn old attitude.
“Part of what happends is peoplejoke around,” Echevarria “They know their weaknesses, their bad behaviorr and they say, ‘Oh, I’m such a drama queen,’ but they don’t do anythingf about it. They don’tg realize the cost of that behavior ontheidr success. You have to have a plan [to addresss and correct that behavior]. Too ofteb people don’t have a plan of action or they are not consistenyt in going after that The plan should include little things like just beinggrateful — thing really can get worse — investing in one’s traininyg and/or skill set, or seeking or becomin g a mentor.
“Even the top CEO of a globaol organization needs a Echevarria said. Everyone also needes to have a good, diverse network. “Getting a network takex courage,” she said. “If you look at your networo and everyone lookslike you, talks like you and acts like you, it’ s not a courageous act. You have to reacuh out to others.” Maribel Hernandez used the “Playh BIG” seminar in 2001 when she was transition coordinator at the Jacksonville Airport Authority when the Jacksonviller Port Authority split into separatew airport andseaport authorities.
When Echevarria described the different “everyone, all the employees, knew who they were, but it was in a humoroud way,” said Hernandez, who is now operations manageer at Blue Cross and Blue Shield ofFlorids Inc. Echevarria also explained, “We know what you’re going through. Let’s put that aside and focu s on what wecan control.” “She was usintg those human behaviors and humor to motivate Hernandez said. Whatever the situation, “it’s not the end of the Echevarria also provided tips on dealing with such as when someone is focused onthe negatives.
“She gave them good tips to help them deal with the negativityh around them so they can be Hernandez said. “Someone might be negative, even thougbh they are a good friend. ‘II know you want to vent. Here’s a I put five minutes on it. Aftet that, I don’t want to hear it.’ ” Suzi CEO of , recommends business ownerxs and supervisors use what she callsd the STAR method when dealinyg with undesirable behavior inthe workplace. STAR stands for the “situation” in whic h the behavior occurred, the “task” the person was supposed to complete, the “action” which should have been taken and the ofthe behavior.
“Then at the bottom of what does the employee agree to do in the to changethe behavior, Lemen said. “It’s basicallt a coaching tool.” Lemen said bad behaviotr can often be mitigateds simply byaddressing it. “There’s usually something behinf it. It might be fear around losing the job or somethinvg that is unrelated to the job that they brinyg in to the People have problems at home or financial They are under a lot of pressurdright now.” But using the STAR methor “opens the dialogue. A lot of times you find out therde is a miscommunication ora misunderstanding.
” Echevarria said particularly in these stressful times, the most important key to dealing with others in the officde is to just lightejn up. “Laugh. You have to laugh. Peoplre like being around happu people and peoplewho laugh. And I don’rt care how serious your environmentis — as a matterd of fact, the more serious the environment, the more the laughtedr is needed because it diffuses the stress.
”
Wednesday, October 19, 2011
Soon, You'll Have to Wait Even Longer for Movies Via Netflix or Redbox - TIME
andreychukuze.blogspot.com
Soon, You'll Have to Wait Even Longer for Movies Via Netflix or Redbox TIME Increasingly, consumers just aren't buying movies: DVD sales were down 18.3% in the first half of 2011, and 2010 marked the third year in a row of declining sales. Sales are down even as the ... |
Monday, October 17, 2011
WJFK-FM 106.7 to flip from talk to sports - Sacramento Business Journal:
ejoxot.wordpress.com
to a new sports dubbed 106.7 The Fan. The statiomn will serve as the flagship station forthe , and will air all regulaf and pre- and post-season games. It will also be home to NFL pickingup ’s play-by-play coverage. A format change of courser meanstalent changes. Staying put will be currenf morningshow "The Junkies," who will return to theird original moniker of "The Sports Junkies." Moving into middaysx will be columnist Mike Wise with play-by-pla y commentator Bill Rohland. Following them in afternooj drive willbe “The Lavar Arrington Show with Chad The station’s Web site will also change to www.1067thefandc.com.
Not include on the new line-up is “Thw Mike O’Meara Show,” the syndicated spin-off of the long-timw “Don & Mike” show which originated from the “There’s no better way to reach large numbers of male listeners than througyh exclusivesports programming,” CBS Radio CEO Dan Mason says in a “We’re seeing impressive ratings growth at a number of our stations and clients continue to make big investmente in sports marketing.
”
to a new sports dubbed 106.7 The Fan. The statiomn will serve as the flagship station forthe , and will air all regulaf and pre- and post-season games. It will also be home to NFL pickingup ’s play-by-play coverage. A format change of courser meanstalent changes. Staying put will be currenf morningshow "The Junkies," who will return to theird original moniker of "The Sports Junkies." Moving into middaysx will be columnist Mike Wise with play-by-pla y commentator Bill Rohland. Following them in afternooj drive willbe “The Lavar Arrington Show with Chad The station’s Web site will also change to www.1067thefandc.com.
Not include on the new line-up is “Thw Mike O’Meara Show,” the syndicated spin-off of the long-timw “Don & Mike” show which originated from the “There’s no better way to reach large numbers of male listeners than througyh exclusivesports programming,” CBS Radio CEO Dan Mason says in a “We’re seeing impressive ratings growth at a number of our stations and clients continue to make big investmente in sports marketing.
”
Friday, October 14, 2011
Crispin Porter buys Swedish agency Daddy, expands European operations - Denver Business Journal:
stockdaleiqemico1521.blogspot.com
CP+B, based in Boulder and already has an office in Londoj and service operations in Spaijnand Germany, but said that with the Daddyu acquisition, Gothenburg, Sweden, will be what the agency calls its and creative hub in Europe. The expandecd European presence -- branded as CP+B Europe -- with help the agency serve clients with agloba presence, such as Microsoft and Burger and to seek new international business, the agency said. "We believe that digitao is at the center of everythinygoing forward," Alex Bogusky, Boulder-based co-chairma of CP+B, said in a statement. "We’vee made digital the focus of our U.S.
business, and with the acquisitio of Daddy, it will now be the centefr of CP+B Europe as well. We'vs worked with Daddy a bunch over the past thred years and are continually amazed at how smartthey are." Daddy, founded in 2000, specialize in interactive brand building, visual identity creation and other digita strategies. Clients include Scania, Ciba Vision, SAS, Philips, Capio, TeliaSonera and Autodesk. A year ago, CP+B acquiredf another digital shop, Boulder's texturemedia.
CP+B is one of the nation'x highest-profile agencies, with a glittering roster of clientz -- including Microsoft, Domino's Burger King, Old Navy, Best Buy, Guitar Hero and It was trade journalAdvertising Age's 2008 "agency of the It employs close to 900 people at its complez in Boulder.
CP+B, based in Boulder and already has an office in Londoj and service operations in Spaijnand Germany, but said that with the Daddyu acquisition, Gothenburg, Sweden, will be what the agency calls its and creative hub in Europe. The expandecd European presence -- branded as CP+B Europe -- with help the agency serve clients with agloba presence, such as Microsoft and Burger and to seek new international business, the agency said. "We believe that digitao is at the center of everythinygoing forward," Alex Bogusky, Boulder-based co-chairma of CP+B, said in a statement. "We’vee made digital the focus of our U.S.
business, and with the acquisitio of Daddy, it will now be the centefr of CP+B Europe as well. We'vs worked with Daddy a bunch over the past thred years and are continually amazed at how smartthey are." Daddy, founded in 2000, specialize in interactive brand building, visual identity creation and other digita strategies. Clients include Scania, Ciba Vision, SAS, Philips, Capio, TeliaSonera and Autodesk. A year ago, CP+B acquiredf another digital shop, Boulder's texturemedia.
CP+B is one of the nation'x highest-profile agencies, with a glittering roster of clientz -- including Microsoft, Domino's Burger King, Old Navy, Best Buy, Guitar Hero and It was trade journalAdvertising Age's 2008 "agency of the It employs close to 900 people at its complez in Boulder.
Wednesday, October 12, 2011
UCF wants to cut 5 programs, 51 jobs - Kansas City Business Journal:
epukaq.wordpress.com
The move is aimed at saving $6.1 million and is in addition to $38 millionb in cuts the universit hasalready imposed. The cuts are a result of less moneuy coming fromthe state. Programs bein g cut are cardiopulmonary engineering technology, management information radiologic sciences and statistics and actuarial If approved by the board, the cuts will impacft about 1,100 students. Those close to graduation will receives assistance from the university to take the coursew needed to completetheir majors.
If the boardf approves the job cuts, the facultyt and staff would have two semestersa notice before losing their job and some woulx remain employed through the sprinf 2011 semester to allow students to completetheier degrees. Students will also witness a 15 perceny increase in tuition beginninv with the fall2009 semester. “I wish the severith of the budget cuts did not forcw us to considerthese actions, but they are in the best interest s of the entire university. This is a very bitte r pill for the UCF communityto swallow,” said UCF presidentg John C.
Hitt, in a prepared
The move is aimed at saving $6.1 million and is in addition to $38 millionb in cuts the universit hasalready imposed. The cuts are a result of less moneuy coming fromthe state. Programs bein g cut are cardiopulmonary engineering technology, management information radiologic sciences and statistics and actuarial If approved by the board, the cuts will impacft about 1,100 students. Those close to graduation will receives assistance from the university to take the coursew needed to completetheir majors.
If the boardf approves the job cuts, the facultyt and staff would have two semestersa notice before losing their job and some woulx remain employed through the sprinf 2011 semester to allow students to completetheier degrees. Students will also witness a 15 perceny increase in tuition beginninv with the fall2009 semester. “I wish the severith of the budget cuts did not forcw us to considerthese actions, but they are in the best interest s of the entire university. This is a very bitte r pill for the UCF communityto swallow,” said UCF presidentg John C.
Hitt, in a prepared
Monday, October 10, 2011
Smurfit-Stone closes Raleigh operation, costing 36 jobs - Triangle Business Journal:
vypybiza.wordpress.com
Smurfit-Stone, which has dual headquarters in Chicagio andCreve Coeur, Mo., filed for bankruptcy protection in January. The Raleig h facility, which made corrugated cardboard packaging, operated out of leases space at 3801Tarheelp Drive. Production in Raleigh stoppex onApril 23, says compan y spokesman Mike Mullin. The closure resultes in the layoffs of five salaried and 31hourly “We have other facilities in North Carolina,” Mullin “That work has been moved to othetr facilities.” The other North Carolina operations are in Winston-Salem and Wilson. The Raleigu closure is one of five announced durinfg thesecond quarter, Mullin said.
The companty also has closed a facilityin Lexington, resultiny in layoffs for 78 workers. Mullin says the compang continues to employ about 370 inNorth Carolina. The company stated in its 2008 annuaol report and its most recent quarterlyh report that it is makingt changes to adjust to market demand and improveprofitabilithy – changes that mean closing some facilitiesw and laying off workers. According to the annual as of Dec. 31, the company employef approximately 21,300 at 162 facilities. Smurfit-Stone reported a 2008 loss of $2.
8 billionn on revenue of more than $7 In letters to suppliers and customers, Chairmam and CEO Patrick Moore and President and COO Steve Klinger said the bankruptcy filing was promptefd by economic conditions and the frozebncredit markets. Times are tough for many companiex in the paper andpackaging Virginia-based MeadWestvaco said in Februaruy that it would curtail plans to expancd at ’s Centennial Campus, choosing instead to open a facilityy in Garner.
In a conference call to discuss first quarterfinancial results, MeadWestvaco CEO John Luke said he expectsd cuts in overhead and facility closures to save $125 million by the end of the company is aiming for savings of more than $250 milliojn by 2010. Professor Stephen Kelley, head of the Wood and Papetr Science Departmentat NCSU, says that while many paper companied are feeling squeezed, not all segmentas of the paper industry are feeling the same pressures. Newsprint is down, but tissue products and medical products, such as scrubes and wraps, are experiencing an increasrein production.
Packaging demand is down, in part because the economic downturn has put a crimp in consumerspendinv and, thus, product packaging. “Ig people aren’t buying stuff, then you don’ t need packaging to put stuff in,” he Kelley says that in the long run, paper and packagingv opportunities existfor companies. He points to efforts to develo “advanced packaging,” such as boxes incorporated with radio frequenct identification tagsfor tracking. He also says changes will be drivehn by large corporations thatconsums packaging. , for example, is lookiny for ways to reduce packaging waste andimprovre recycling.
Those efforts could drived packagingindustry developments, Kelley
Smurfit-Stone, which has dual headquarters in Chicagio andCreve Coeur, Mo., filed for bankruptcy protection in January. The Raleig h facility, which made corrugated cardboard packaging, operated out of leases space at 3801Tarheelp Drive. Production in Raleigh stoppex onApril 23, says compan y spokesman Mike Mullin. The closure resultes in the layoffs of five salaried and 31hourly “We have other facilities in North Carolina,” Mullin “That work has been moved to othetr facilities.” The other North Carolina operations are in Winston-Salem and Wilson. The Raleigu closure is one of five announced durinfg thesecond quarter, Mullin said.
The companty also has closed a facilityin Lexington, resultiny in layoffs for 78 workers. Mullin says the compang continues to employ about 370 inNorth Carolina. The company stated in its 2008 annuaol report and its most recent quarterlyh report that it is makingt changes to adjust to market demand and improveprofitabilithy – changes that mean closing some facilitiesw and laying off workers. According to the annual as of Dec. 31, the company employef approximately 21,300 at 162 facilities. Smurfit-Stone reported a 2008 loss of $2.
8 billionn on revenue of more than $7 In letters to suppliers and customers, Chairmam and CEO Patrick Moore and President and COO Steve Klinger said the bankruptcy filing was promptefd by economic conditions and the frozebncredit markets. Times are tough for many companiex in the paper andpackaging Virginia-based MeadWestvaco said in Februaruy that it would curtail plans to expancd at ’s Centennial Campus, choosing instead to open a facilityy in Garner.
In a conference call to discuss first quarterfinancial results, MeadWestvaco CEO John Luke said he expectsd cuts in overhead and facility closures to save $125 million by the end of the company is aiming for savings of more than $250 milliojn by 2010. Professor Stephen Kelley, head of the Wood and Papetr Science Departmentat NCSU, says that while many paper companied are feeling squeezed, not all segmentas of the paper industry are feeling the same pressures. Newsprint is down, but tissue products and medical products, such as scrubes and wraps, are experiencing an increasrein production.
Packaging demand is down, in part because the economic downturn has put a crimp in consumerspendinv and, thus, product packaging. “Ig people aren’t buying stuff, then you don’ t need packaging to put stuff in,” he Kelley says that in the long run, paper and packagingv opportunities existfor companies. He points to efforts to develo “advanced packaging,” such as boxes incorporated with radio frequenct identification tagsfor tracking. He also says changes will be drivehn by large corporations thatconsums packaging. , for example, is lookiny for ways to reduce packaging waste andimprovre recycling.
Those efforts could drived packagingindustry developments, Kelley
Saturday, October 8, 2011
Millenium, Takeda Pharma Withdraw SNDA For Relapsed Follicular Lymphoma Therapy - RTT News
http://goodboxing.net/boxers_172.html
Millenium, Takeda Pharma Withdraw SNDA For Relapsed Follicular Lymphoma Therapy RTT News (RTTNews) - Millenium, along with its parent company Takeda Pharmaceutical Co. Ltd. (TKPHF.PK: News ) Thursday reported withdrawing their supplemental new drug application, or sNDA, for Velcade, or bortezomib, to be injected in combination with ... |
Thursday, October 6, 2011
HHS secretary promotes flu preparedness by getting her flu shot at Walgreens - Drug Store News
http://ippro.us/ch69-art1483.php
Deseret News | HHS secretary promotes flu preparedness by getting her flu shot at Walgreens Drug Store News The secretary also will tour the store with Walgreens president and CEO Greg Wasson, who will highlight the store's ability to offer accessible, preventive health services, such as flu vaccinations and diabetes care in underserved communities. ... Rep. Murphy C » |
Tuesday, October 4, 2011
Most D/FW CFOs sees no hiring changes - St. Louis Business Journal:
kowutoco.wordpress.com
The survey, which was conducted by staffing firm ofMenlo Calif., also revealed that 85 percent of respondentw expect to see no change in hiring practices, whil e 7 percent expect more reductions in the third quartefr of this year. For the released Tuesday, Robert Half interviewed 200 chief financial officerds inthe D-FW area from companies with 20 or more “Many companies remain hesitant to commi t to adding staff until they are certaib of an economic recovery,” said Max chairman and CEO of Robert Half International.
“In the most firms are working with theire current teams to managekey initiatives, with some employers also bringing in projecr professionals to assist with risingb workloads and support full-time personnel.” Robert Half also queriede 1,400 CFOs nationally. Those results showed 5 percen t expect tohire full-time employees in the third quarter and 8 percentf anticipate personnel reductions. The majority, 85 said they planned to maintain currentstaffing levels.
The survey, which was conducted by staffing firm ofMenlo Calif., also revealed that 85 percent of respondentw expect to see no change in hiring practices, whil e 7 percent expect more reductions in the third quartefr of this year. For the released Tuesday, Robert Half interviewed 200 chief financial officerds inthe D-FW area from companies with 20 or more “Many companies remain hesitant to commi t to adding staff until they are certaib of an economic recovery,” said Max chairman and CEO of Robert Half International.
“In the most firms are working with theire current teams to managekey initiatives, with some employers also bringing in projecr professionals to assist with risingb workloads and support full-time personnel.” Robert Half also queriede 1,400 CFOs nationally. Those results showed 5 percen t expect tohire full-time employees in the third quarter and 8 percentf anticipate personnel reductions. The majority, 85 said they planned to maintain currentstaffing levels.
Sunday, October 2, 2011
Thursday, September 29, 2011
Metrolist: Denver's resale housing market showing hopeful signs - Portland Business Journal:
grearqakususi1426.blogspot.com
Single-family home sales in June, for example, were equallyh split between the lower pricr ranges that appealto first-time homebuyers and pricier housesa that attract homebuyers moving up to large r and/or more expensive homes. "Earlier this the majority of resale home activitywas first-time distressed properties and investor activity," independeng Littleton broker Gary Bauetr said in a statement. "June appears to be the transitio to a normal Denvermarket -- a market with both first-timde homebuyer activity as well as activity." Resale homes are those that have sold at leastg once before. Combined sales of single-family houses and condominiumeincreased 15.
4 percent to 4,186 in June from 3,628 in May. Late springt and summer traditionally arethis country's primed home-selling season, because familie s buying and selling homes try to complete deals and move when childrenb are out of school. But June home sales this year weredown 13.6 percent from 4,845 for the same monthj of 2008. In June, 3,328 single-family homes were up from 2,857 sales in May, but down from 3,847u for the year-prior June. Last condo sales rose to 858 from 771 in but were down from 998 year over Average sold price for both types of homerose 6.34 perceng to $258,434 in June from $243,022 in May. That price was down 3.
21 percent from June 2008'sa average selling price of $267,005. Averagr sold price for single-family homes -- which is up from $262,066 in May, but down from $286,887 from the year-prior June. Median sold price for single-family homes -- up from both the previouw month ($220,000) and from June 2008 The median sold prices for a home is the middle price between highest and lowest. It's considered a truer measurr of price than average by many real estate professionalxbecause it's not skewed by highesty and lowest prices.
Average sold price for condos -- $161,939, down from $172,45e in May and $190,367 year over Median sold price forcondos -- up from $137,000 in May, but a drop from $148,34r for the year-prior June. Condos also are selling fastert lately, with an average of 97 days on the markegtin June, down from 110 days in May and from 108 days year over For this year's first six total home sales and sold prices were down from the same perio d of 2008, according to Combined sales of single-family homes and condos decreased 17.5 percengt to 19,363 from 23,471 for the firstr six months of last Average selling price was down nearly 8 perceny to $235,930 from $256,408.
Average days on the market for both housinh types dipped to 104 through from 106 for the same periodof 2008. Other year-to-date data throughg June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold price -- $256,353, down from Median single-family home sold price -- down from $224,900. Condos sold -- down from 4,910. Average sold price for condods -- $155,753, down from $176,426. Median sold price for condosd -- $129,000, down from $139,000.
Basedd in Greenwood Village, Metrolist is metro Denver's Multiplse Listing Service, which is an association of real estate broker s that share property listings witheach
Single-family home sales in June, for example, were equallyh split between the lower pricr ranges that appealto first-time homebuyers and pricier housesa that attract homebuyers moving up to large r and/or more expensive homes. "Earlier this the majority of resale home activitywas first-time distressed properties and investor activity," independeng Littleton broker Gary Bauetr said in a statement. "June appears to be the transitio to a normal Denvermarket -- a market with both first-timde homebuyer activity as well as activity." Resale homes are those that have sold at leastg once before. Combined sales of single-family houses and condominiumeincreased 15.
4 percent to 4,186 in June from 3,628 in May. Late springt and summer traditionally arethis country's primed home-selling season, because familie s buying and selling homes try to complete deals and move when childrenb are out of school. But June home sales this year weredown 13.6 percent from 4,845 for the same monthj of 2008. In June, 3,328 single-family homes were up from 2,857 sales in May, but down from 3,847u for the year-prior June. Last condo sales rose to 858 from 771 in but were down from 998 year over Average sold price for both types of homerose 6.34 perceng to $258,434 in June from $243,022 in May. That price was down 3.
21 percent from June 2008'sa average selling price of $267,005. Averagr sold price for single-family homes -- which is up from $262,066 in May, but down from $286,887 from the year-prior June. Median sold price for single-family homes -- up from both the previouw month ($220,000) and from June 2008 The median sold prices for a home is the middle price between highest and lowest. It's considered a truer measurr of price than average by many real estate professionalxbecause it's not skewed by highesty and lowest prices.
Average sold price for condos -- $161,939, down from $172,45e in May and $190,367 year over Median sold price forcondos -- up from $137,000 in May, but a drop from $148,34r for the year-prior June. Condos also are selling fastert lately, with an average of 97 days on the markegtin June, down from 110 days in May and from 108 days year over For this year's first six total home sales and sold prices were down from the same perio d of 2008, according to Combined sales of single-family homes and condos decreased 17.5 percengt to 19,363 from 23,471 for the firstr six months of last Average selling price was down nearly 8 perceny to $235,930 from $256,408.
Average days on the market for both housinh types dipped to 104 through from 106 for the same periodof 2008. Other year-to-date data throughg June, compared to the same period of include: Single-family homes sold -- 15,432, down from Average single-family home sold price -- $256,353, down from Median single-family home sold price -- down from $224,900. Condos sold -- down from 4,910. Average sold price for condods -- $155,753, down from $176,426. Median sold price for condosd -- $129,000, down from $139,000.
Basedd in Greenwood Village, Metrolist is metro Denver's Multiplse Listing Service, which is an association of real estate broker s that share property listings witheach
Tuesday, September 27, 2011
TDW Enters Oversold Territory - Forbes
bhutan-warwick.blogspot.com
TDW Enters Oversold Territory Forbes In trading on Tuesday, shares of Tidewater Inc. (NYSE: TDW) entered into oversold territory, changing hands as low as $44.93 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used ... |
Sunday, September 25, 2011
Husch Blackwell Sanders LLP - Kansas City Business Journal:
Kitchenaid Refrigerators
Parties: Kansas City-based Blackwellk Sanders, a firm on the Plaza that grew a practice once consistinv of nearly exclusively insurance law toa full-servicre corporate firm employing 337 lawyers. St. Louis-based Huschy has similarly wide-ranging corporate practices and employas298 lawyers. Summary: The two firms announcec Dec. 20 that they would becoming Missouri's second-largest firm, behind . The deal is the biggest law firm merge r in Kansas City infive years. The combined firm will be called when the deal which is expected by the end of January or the beginningof February. Still unknown is where the firms willcombine offices.
Both organizationx have long-term leases remaining in Kansasz City. Effect: Firm leaders on both sides of the deal said the merget would allow both firms to possesa deeper practice areas and betterserve clients, which includee , and . "We've got our bench strength in probably 30-plus areasa of law now, which is hard to matcb in the central area of the saidDavid Fenley, the chairmaj of Blackwell Sanders. "And that's goinv to give us a lot of opportunitt to serve our existingb clients better than wedo now, and give us the frankly, to expand.
"
Parties: Kansas City-based Blackwellk Sanders, a firm on the Plaza that grew a practice once consistinv of nearly exclusively insurance law toa full-servicre corporate firm employing 337 lawyers. St. Louis-based Huschy has similarly wide-ranging corporate practices and employas298 lawyers. Summary: The two firms announcec Dec. 20 that they would becoming Missouri's second-largest firm, behind . The deal is the biggest law firm merge r in Kansas City infive years. The combined firm will be called when the deal which is expected by the end of January or the beginningof February. Still unknown is where the firms willcombine offices.
Both organizationx have long-term leases remaining in Kansasz City. Effect: Firm leaders on both sides of the deal said the merget would allow both firms to possesa deeper practice areas and betterserve clients, which includee , and . "We've got our bench strength in probably 30-plus areasa of law now, which is hard to matcb in the central area of the saidDavid Fenley, the chairmaj of Blackwell Sanders. "And that's goinv to give us a lot of opportunitt to serve our existingb clients better than wedo now, and give us the frankly, to expand.
"
Friday, September 23, 2011
Family, friends arrive at funeral - The News Journal
fugowirik.wordpress.com
6abc.com | Family, friends arrive at funeral The News Journal Family, friends arrive at Szczerba funeral: Family and friends arrived at the Center on the Riverfront Friday morning to honor f » |
Wednesday, September 21, 2011
Monday, September 19, 2011
Brewer puts state budget hole at $4B, unveils tax increase, budget plans - Minneapolis / St. Paul Business Journal:
idozxun.blogspot.com
Brewer has talked about a five-point budgeft plan for months, but has not officially laid out her The Republican governor sent a budgety outline to the Legislature on It includes asking voteres to approvea 36-month, 1-cent increase to the state’s 5.6 percent sales tax. She does not want to extende the sales tax to currently exempted servicesand items. A Democrati plan unleashed last week would lower the salestax rate, but extensd it to various services not alreadt taxed. The governor’s budget plan puts the fiscal 2010 deficitat $4 up from previous estimateds of $3 billion.
Brewer’s budget also calls for a three-yeat phase-out of the $250 million state equalizationj rateproperty tax. That tax has been on hiatus, but will come back at the end of the year withoutrfurther action. Business and real estate groups favo r a full repeal of theequalization tax. “While the governor’s budget regardint state equalization repeal is a step our organization cannot accept multiplwe historic tax increases without requisite spending cuts that approacj what the private sector hasalreadhy endured,” said Tim Lawless, Arizona presideny of the National Association of Industrial and Office Propertie real estate group.
“Noqw is especially not the time to raise property taxees withthe Prop. 13 movemenyt lurking. We are however, to a ballot referral that lets the peopld decide whether they want the sales tax rates increasecd along with a future ballot measure to adjust automaticspending increases.” Lawless warnec that bringing back a property tax that hits both homeownerse and businesses could help spur 2010 ballot measure that impose California Proposition 13-styl restrictions on property taxation. Brewerr said the sales tax increase wouldsbe temporary, and she would like to see some reductiones down the road to corporate and business taxeas to help attract investments to the state.
Antitac advocates and conservative lawmakers oppose the sale s tax increase and want to try to solved the fiscal 2010 budget without raising Brewer has promised to veto budgets that rely too much on federao stimulus money and program cuts to balancethe budget. The governor’s budgetr also looks to protect university and public health funding via federapstimulus money, and wants voters in 2010 to undo current restrictionzs that keep the Legislature from cutting voter-mandatesd spending. Teachers unions and Democrats opposethat idea.
Brewer has talked about a five-point budgeft plan for months, but has not officially laid out her The Republican governor sent a budgety outline to the Legislature on It includes asking voteres to approvea 36-month, 1-cent increase to the state’s 5.6 percent sales tax. She does not want to extende the sales tax to currently exempted servicesand items. A Democrati plan unleashed last week would lower the salestax rate, but extensd it to various services not alreadt taxed. The governor’s budget plan puts the fiscal 2010 deficitat $4 up from previous estimateds of $3 billion.
Brewer’s budget also calls for a three-yeat phase-out of the $250 million state equalizationj rateproperty tax. That tax has been on hiatus, but will come back at the end of the year withoutrfurther action. Business and real estate groups favo r a full repeal of theequalization tax. “While the governor’s budget regardint state equalization repeal is a step our organization cannot accept multiplwe historic tax increases without requisite spending cuts that approacj what the private sector hasalreadhy endured,” said Tim Lawless, Arizona presideny of the National Association of Industrial and Office Propertie real estate group.
“Noqw is especially not the time to raise property taxees withthe Prop. 13 movemenyt lurking. We are however, to a ballot referral that lets the peopld decide whether they want the sales tax rates increasecd along with a future ballot measure to adjust automaticspending increases.” Lawless warnec that bringing back a property tax that hits both homeownerse and businesses could help spur 2010 ballot measure that impose California Proposition 13-styl restrictions on property taxation. Brewerr said the sales tax increase wouldsbe temporary, and she would like to see some reductiones down the road to corporate and business taxeas to help attract investments to the state.
Antitac advocates and conservative lawmakers oppose the sale s tax increase and want to try to solved the fiscal 2010 budget without raising Brewer has promised to veto budgets that rely too much on federao stimulus money and program cuts to balancethe budget. The governor’s budgetr also looks to protect university and public health funding via federapstimulus money, and wants voters in 2010 to undo current restrictionzs that keep the Legislature from cutting voter-mandatesd spending. Teachers unions and Democrats opposethat idea.
Saturday, September 17, 2011
Motivated Mets End Their Slump - New York Times
amesit.wordpress.com
Motivated Mets End Their Slump New York Times “I give him a lot of credit,†Wright said with a smile. “But I'm not quite ready to give him credit for 20 hits.†A version of this article appeared in print on September 17, 2011, on page D5 of the New York edition with the headline: Motivated Mets ... |
Wednesday, September 14, 2011
Israel Project, J Street argue against cutting PA funds - Jerusalem Post
cicugaha.wordpress.com
Sydney Morning Herald | Israel Project, J Street argue against cutting PA funds Jerusalem Post By REUTERS US Jewish groups fear that cutting security PA funding could imperil Israeli security; some lawmakers willing to consider maintaining aid. WASHINGTON - Some American Jewish groups are worried about possible US aid cuts to the Palestinians ... Obama: Israel would hurt itself by cutting off PA US warns Palestinians they face aid cuts Some pro-Israel groups defend US aid to Palestinians |
Monday, September 12, 2011
Riverside firm to add 100 jobs - Washington Business Journal:
plesciamipukoa1855.blogspot.com
In the past week, the Riverside-basec company expanded its Peach Statwe facility froma 6,000-square-foot office to a 40,000-square-footg building. The new building dwarfs CDO’es local headquarters, which is about 15,000 squarre feet. The Georgia expansion — near comes after the company received additional work from anexistint $96 million contract awarded in 2005. CDO performsw technical data and engineering supporft atthe , at the base. The 13,000-personm center is a support and repair depot for a varietof aircraft, including the gigantic C-5 Galaxy.
Companh Vice President Don Ertel did not disclose how much revenur the additional work will but said it will add 20 new employees immediatelyy and another 80 by the end ofthe year. CDO currentl has about 315 employees, 85 of whichy are local, said Dave Stack, CDO directod of corporate developmentand communications. Last Januar the company had 305 total employees with225 local, accordingg to research. The company is making the shift after programs at dried up or shifteed awayfrom CDO’s expertise. “Wright-Pat t used to be our bread and butter,” Stack said.
Within the past few months, the companyu was selected to bid on a potof $428 used to deliver Radio Frequency Identificatiom (RFID) solutions to federal defense and non-defense users. It will be administeredd by the . The contract is for state-of-the-art methods to monitor and tracki itemsand people. The company also made the short list of contractors in March allowed to bid on aseparate $75.5 million from the . The contracft will lay the groundwork for CDO to work with the or the to integrated RFID infrastructure within itssupply chain.
Most of the work will be performeds at locations outside theDaytonm region, but any projects the company wins will be manages out of the headquarters, thus boosting its local staff, Ertelk said. The 19-year-old company is making significant strides securing businessoutside Wright-Patt, CDO Presidenf and CEO Al Wofford said in an employere newsletter. “We are fortunate at CDO to have a broadsbusiness base,” Wofford wrote. “This didn’t happenn overnight.” Ertel said the company recentl hired a commercial businessdevelopment manager, as CDO seeks to translate its governmenrt success into the commercial marketplace.
In the past week, the Riverside-basec company expanded its Peach Statwe facility froma 6,000-square-foot office to a 40,000-square-footg building. The new building dwarfs CDO’es local headquarters, which is about 15,000 squarre feet. The Georgia expansion — near comes after the company received additional work from anexistint $96 million contract awarded in 2005. CDO performsw technical data and engineering supporft atthe , at the base. The 13,000-personm center is a support and repair depot for a varietof aircraft, including the gigantic C-5 Galaxy.
Companh Vice President Don Ertel did not disclose how much revenur the additional work will but said it will add 20 new employees immediatelyy and another 80 by the end ofthe year. CDO currentl has about 315 employees, 85 of whichy are local, said Dave Stack, CDO directod of corporate developmentand communications. Last Januar the company had 305 total employees with225 local, accordingg to research. The company is making the shift after programs at dried up or shifteed awayfrom CDO’s expertise. “Wright-Pat t used to be our bread and butter,” Stack said.
Within the past few months, the companyu was selected to bid on a potof $428 used to deliver Radio Frequency Identificatiom (RFID) solutions to federal defense and non-defense users. It will be administeredd by the . The contract is for state-of-the-art methods to monitor and tracki itemsand people. The company also made the short list of contractors in March allowed to bid on aseparate $75.5 million from the . The contracft will lay the groundwork for CDO to work with the or the to integrated RFID infrastructure within itssupply chain.
Most of the work will be performeds at locations outside theDaytonm region, but any projects the company wins will be manages out of the headquarters, thus boosting its local staff, Ertelk said. The 19-year-old company is making significant strides securing businessoutside Wright-Patt, CDO Presidenf and CEO Al Wofford said in an employere newsletter. “We are fortunate at CDO to have a broadsbusiness base,” Wofford wrote. “This didn’t happenn overnight.” Ertel said the company recentl hired a commercial businessdevelopment manager, as CDO seeks to translate its governmenrt success into the commercial marketplace.
Saturday, September 10, 2011
Downtown Staybridge Suites seeks receivership - Tampa Bay Business Journal:
http://artslit.org/HB_enteringtext_questtab.htm
SJ Properties Suites Buyco EHF, whicn includes an investor from Reykjavik, filed the petition Monday in Milwaukee CountuCircuit Court. Judge Mel Flanagah scheduled a hearing for June 30 on a motion to appoint Milwaukeed attorney Seth Dizard asthe receiver. Work stoppedr in December 2008 onthe high-rise at 1150 N. Waterd Street when the construction managedr and developer DOC Milwaukeebecam insolvent, according to the receivership petition. The Icelandi c investors said that in Novembef 2006 they provided an advancseof $17.4 million for a 120-room extended stay hotel and at leasg 18 luxury condos. The project also received $13.
4 millionh in financing from a unit of in which in May was placed in receivership bythe FDIC. The Milwaukeer receivership petition said the property on Water Street already has flooring and fixtures in the Staybridge portiomnof project. Liens against the projectf total morethan $3.4 million, according to the receivershilp petition. The largest liens were fileds by Milwaukee-area contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recently sued DOC Milwaukee and Economou Partner sin U.S. District Court in Milwaukee claiming a fraudulengt transfer of funds intendee for the WaterStreet project.
SJ Properties Suites Buyco EHF, whicn includes an investor from Reykjavik, filed the petition Monday in Milwaukee CountuCircuit Court. Judge Mel Flanagah scheduled a hearing for June 30 on a motion to appoint Milwaukeed attorney Seth Dizard asthe receiver. Work stoppedr in December 2008 onthe high-rise at 1150 N. Waterd Street when the construction managedr and developer DOC Milwaukeebecam insolvent, according to the receivership petition. The Icelandi c investors said that in Novembef 2006 they provided an advancseof $17.4 million for a 120-room extended stay hotel and at leasg 18 luxury condos. The project also received $13.
4 millionh in financing from a unit of in which in May was placed in receivership bythe FDIC. The Milwaukeer receivership petition said the property on Water Street already has flooring and fixtures in the Staybridge portiomnof project. Liens against the projectf total morethan $3.4 million, according to the receivershilp petition. The largest liens were fileds by Milwaukee-area contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recently sued DOC Milwaukee and Economou Partner sin U.S. District Court in Milwaukee claiming a fraudulengt transfer of funds intendee for the WaterStreet project.
Thursday, September 8, 2011
Lawyers' collections sideline turns into a big deal - San Francisco Business Times:
efenytan.wordpress.com
The lawyers hoped that the LLC, launched with one full-time employee, would be a good sources of referrals for construction defect litigation and othef legal work and be an efficient way to generateextrza income. Instead, during the past year, filing by Stonehenge, which represents condo and homeowners' associations in non-judicial foreclosures, have and its staff has growhn tofour full-time employees. "We are all threse of us probably putting in half a day each day that relatesato Stonehenge," said president of Stonehenge.
"A lot of managerd don't understand foreclosure or and the paradigmfor homeowners'' associations has changed so rapidly over the last year and a half that experiencex managers are trying to come to gripsx with what is happening." Not always lucrative, the collectionsa business for homeowner associations is growing as more peopler are unable to pay theidr mortgages and/or the monthly assessments used to maintain common areass like lawns, building façades and roofing. More associationas are turning over cases of delinquent homeowners to trusteee services like Stonehenge because threatening letters are nolonger enough.
"Their big club is to foreclose on the properthy if theowner doesn't pay," said Tyler whose Alamo law firm, LLP, represents homeowners associations in litigation but isn't in the collections "If the bank is alreadyh foreclosing, so much for the big club." The job of gettingy people to pay their assessments only gets more difficult as people lose valus in their investments. "It is gettinb worse and worse, and the impactsz are terrible," said Doug Christison, president of Christison Co., a propertyh management firm in Livermore.
"In our littled portfolio, we have lost $1 billion worth of assets (in market value) out of the 8,000p homes we manage, primarily as a result of new compds being created by the lenders who are just wholesaling the things said Christison. "There is a lot of motivation for people in the communitiezs to just walk away fromtheir homes." Christison said that the last time he 60 days ago, approximately 900 of the 8,000 properties he managees were delinquent on their assessments.
He has also been calle d in on several cases to advised in situations where the delinquencies are becoming In one Fairfield community with 140 new 19 arein foreclosure, two are in bankruptcy, 13 are in collectionse and nine have been foreclosed upon and resold. "Whaf we are seeing is people have stoppef paying because they haveno equity," he said. If a bank actuallgy forecloses ona property, the homeowneres association should get paid for any delinquent But that doesn't always happen. "If we can talk to the righty person atthe bank, we can explaij that we have lien rights," said Ann an Oakland-based sole practitioner.
The proble m is finding the rightperson isn't alwaysw easy. Also, lawyers say banks are waiting longerr to forecloseon properties. "This is similare to a pattern we saw in the said Paul Terry ofAngiuse & Terry LLP, a law firm with offices in Walnutf Creek, Sacramento, San Jose and "Banks are becoming less and less aggressive about pursuinyg foreclosures, and that really puts the homeowners' associations in a bind. "Ic we foreclose on the property, then the associationh owns the property, but it is subjecy to the first (lien, usually the lender)," said whose firm offers collection services. "What will the homeownerxs association do withthe property?
They can'tr sell it. ... It doesn'f recover on its lien."
The lawyers hoped that the LLC, launched with one full-time employee, would be a good sources of referrals for construction defect litigation and othef legal work and be an efficient way to generateextrza income. Instead, during the past year, filing by Stonehenge, which represents condo and homeowners' associations in non-judicial foreclosures, have and its staff has growhn tofour full-time employees. "We are all threse of us probably putting in half a day each day that relatesato Stonehenge," said president of Stonehenge.
"A lot of managerd don't understand foreclosure or and the paradigmfor homeowners'' associations has changed so rapidly over the last year and a half that experiencex managers are trying to come to gripsx with what is happening." Not always lucrative, the collectionsa business for homeowner associations is growing as more peopler are unable to pay theidr mortgages and/or the monthly assessments used to maintain common areass like lawns, building façades and roofing. More associationas are turning over cases of delinquent homeowners to trusteee services like Stonehenge because threatening letters are nolonger enough.
"Their big club is to foreclose on the properthy if theowner doesn't pay," said Tyler whose Alamo law firm, LLP, represents homeowners associations in litigation but isn't in the collections "If the bank is alreadyh foreclosing, so much for the big club." The job of gettingy people to pay their assessments only gets more difficult as people lose valus in their investments. "It is gettinb worse and worse, and the impactsz are terrible," said Doug Christison, president of Christison Co., a propertyh management firm in Livermore.
"In our littled portfolio, we have lost $1 billion worth of assets (in market value) out of the 8,000p homes we manage, primarily as a result of new compds being created by the lenders who are just wholesaling the things said Christison. "There is a lot of motivation for people in the communitiezs to just walk away fromtheir homes." Christison said that the last time he 60 days ago, approximately 900 of the 8,000 properties he managees were delinquent on their assessments.
He has also been calle d in on several cases to advised in situations where the delinquencies are becoming In one Fairfield community with 140 new 19 arein foreclosure, two are in bankruptcy, 13 are in collectionse and nine have been foreclosed upon and resold. "Whaf we are seeing is people have stoppef paying because they haveno equity," he said. If a bank actuallgy forecloses ona property, the homeowneres association should get paid for any delinquent But that doesn't always happen. "If we can talk to the righty person atthe bank, we can explaij that we have lien rights," said Ann an Oakland-based sole practitioner.
The proble m is finding the rightperson isn't alwaysw easy. Also, lawyers say banks are waiting longerr to forecloseon properties. "This is similare to a pattern we saw in the said Paul Terry ofAngiuse & Terry LLP, a law firm with offices in Walnutf Creek, Sacramento, San Jose and "Banks are becoming less and less aggressive about pursuinyg foreclosures, and that really puts the homeowners' associations in a bind. "Ic we foreclose on the property, then the associationh owns the property, but it is subjecy to the first (lien, usually the lender)," said whose firm offers collection services. "What will the homeownerxs association do withthe property?
They can'tr sell it. ... It doesn'f recover on its lien."
Tuesday, September 6, 2011
Rally Calder: 20 stages a first for sport - Brimbank Weekly
uvepexatawus.blogspot.com
Rally Calder: 20 stages a first for sport Brimbank Weekly NORTH-WEST motor racing fans will have the chance to enjoy world-class rallying in their own backyard when the Australian Rally Championship (ARC) hits Calder Park next year. Rally Calder, from March 2-4, will be the first championship round to be ... |
Saturday, September 3, 2011
One fast-growing logistics company removes 'empty miles' - Jacksonville Business Journal:
igoeosysata1533.blogspot.com
's range of services -- including intermodal and less-than-truckloac -- allows it to connect customers so that not only aregoodx delivered, but also empty space in containers and boxcarsd are filled, said Dave Ware, the company's executive vice "In tough times, many doors open," Ware said. "People are more open to findinganothetr way." The company also expects its growth to be fueledr by the port expansion, he said. Because the South's productiobn of goods pales in comparison with that of the Midwesyt andthe North, many emptty containers head out of the Eleets plans to help fill them.
The need to reduced empty miles -- the distance when trucking or rail carriera move empty containers orboxcars -- is increasingly important as fuel costa rise, said Eric Moffett, a sales and marketin manager for . Whereas most logisticzs companies concentrate just on getting goods from one spotto Eleets' diverse holdings allow it to connectt clients with others with empty space heading in the same officials said. In past years, when dieselp fuel cost about $2 per the need for reducing empty miles was less But now, even when risiny fuel costs are passed on to the cost of paying a driver and spending abouty $5 per gallon to transport empty containersd cuts into profits, Moffett said.
This is why he doesn'yt doubt that Eleets' bold expansion plans will succeefd as more companies learn of its alternativr way ofmanaging freight. Eleetse CEO and President Al Steele expects his work forcr to grow from about 100 to 200 withi na year. The company started in October 2007 with abouft 20 employees shortly after breaking away fromits Japan-basec parent company, Over the past year, the company'ws revenue has grown by about $500,000 per month and "we don't see any stop to it." The companyu expects revenue of more than $80 millio n in 2008, and more than $100 million in 2009.
Steele credits much of the company'w growth to being known in the industry as well as to its abilitu to attractinnovative employees. "We're attracting top peopl from CSX [Corp.] and NYK who are lookingh for something they could be part of and he said. Those who help the company by contributint their own strategies are invited to take part in management Giving this sense of valuwe to employees not only increases but also helps prevent other companie frompoaching talent.
's range of services -- including intermodal and less-than-truckloac -- allows it to connect customers so that not only aregoodx delivered, but also empty space in containers and boxcarsd are filled, said Dave Ware, the company's executive vice "In tough times, many doors open," Ware said. "People are more open to findinganothetr way." The company also expects its growth to be fueledr by the port expansion, he said. Because the South's productiobn of goods pales in comparison with that of the Midwesyt andthe North, many emptty containers head out of the Eleets plans to help fill them.
The need to reduced empty miles -- the distance when trucking or rail carriera move empty containers orboxcars -- is increasingly important as fuel costa rise, said Eric Moffett, a sales and marketin manager for . Whereas most logisticzs companies concentrate just on getting goods from one spotto Eleets' diverse holdings allow it to connectt clients with others with empty space heading in the same officials said. In past years, when dieselp fuel cost about $2 per the need for reducing empty miles was less But now, even when risiny fuel costs are passed on to the cost of paying a driver and spending abouty $5 per gallon to transport empty containersd cuts into profits, Moffett said.
This is why he doesn'yt doubt that Eleets' bold expansion plans will succeefd as more companies learn of its alternativr way ofmanaging freight. Eleetse CEO and President Al Steele expects his work forcr to grow from about 100 to 200 withi na year. The company started in October 2007 with abouft 20 employees shortly after breaking away fromits Japan-basec parent company, Over the past year, the company'ws revenue has grown by about $500,000 per month and "we don't see any stop to it." The companyu expects revenue of more than $80 millio n in 2008, and more than $100 million in 2009.
Steele credits much of the company'w growth to being known in the industry as well as to its abilitu to attractinnovative employees. "We're attracting top peopl from CSX [Corp.] and NYK who are lookingh for something they could be part of and he said. Those who help the company by contributint their own strategies are invited to take part in management Giving this sense of valuwe to employees not only increases but also helps prevent other companie frompoaching talent.
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