Sunday, May 29, 2011

At YouTube Boot Camp, Future Stars Polish Their Acts - New York Times

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New York Times


At YouTube Boot Camp, Future Stars Polish Their Acts

New York Times


Vanessa Wilson prepared a video for her Crafty Gemini sewing and quilting channel at a YouTube camp in Manhattan last week. By JENNIFER PRESTON Vanessa Wilson was back in class last week for the first time since law school. Only this time, she said, ...



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Friday, May 27, 2011

Holders of offshore bank accounts face deadline - Denver Business Journal:

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The Department of the Treasury quietlyy unveiled the stipulationin March, but with a June 30 deadlin approaching, tax professionals around the country are beingt swamped with last-minute questions about the ruling. The rulingv applies to any U.S. green-card holder, U.S. corporation, partnership or trusyt that has control over any foreignbank account, mutualo fund or any securities account with a balance of $10,0009 or higher. The form, known as Report of Foreign Bank and Financial or FBAR, must be completed annually.
The minimumk penalty for “non-willful failure” to file an FBAR is set at with a penaltyof $100,000o for deliberately avoiding to Mary Thomas, director of international services with Weaver Tidwell in Dallas, said Wednesday that she has been inundatec with last-minute phone calls from clientws and other members of the public. “We’r advising clients to get it in to Treasurty byJune 30. When in doubt, report. It’zs better to be safe than sorry,” Thomas noting that the deadline cannotbe extended.
Thomas said it’s most likely that Treasuryh was reacting to the controversyt overthe high-profile case being pursued by the Justice Departmenft in a probe of Swiss financial services gianr UBS AG over tax evasion by U.S. clients with Swises accounts. Taxpayers who have properlyg reported taxable income earned from such foreign sources and listed thosse accounts on required IRS forms can file prior year FBARewithout penalty. The form must be filled out and mailed to the Treasuryt Department and cannot be completed in an electronic To access a PDF copy ofthe form, .

Wednesday, May 25, 2011

Power co-op looks to grow 'green' power - San Antonio Business Journal:

Exterior Siding
William Berg, Dairyland president and CEO, said the co-opl is also spending $400 million in in environmentao control equipmentat coal-fired power plants and promotinf energy conservation, including a program in which it gives away energy-efficientf compact fluorescent light bulbs. Dairyland is lookinf to investin 'green' technologies and expand its electricity generationb from various renewable energy sources, includingt wind, landfill gas, animal waste and hydroelectric Dairyland reported that its earnings for 2008 declinecd to $11.3 million, compared with $14.3 millioh in 2007.
Management noted that fuel to operatwe Dairyland’s generating facilities, primarily coal, continuees to be Dairyland’s largest annual The rising costs contributedd to anaverage 9.8 percent increase in wholesal rates in 2008. Total operating revenue for 2008 increasedto $373.i8 million, up 14 percent comparesd with $328.5 million in 2007. Electric sales also increasedsin 2008, with total sales up 8 Dairyland Power provides wholesale electricity to 25 membet distribution cooperatives and 16 municipal utilities.

Sunday, May 22, 2011

Run for capital begins - Charlotte Business Journal:

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The 10 banks will be required toraisee $75 billion, in aggregate, by and submit plans to federal regulators by June to show how they’l go about raising the money. But industry observere expect the process to take far lessthan that. “Thi is a process of days and not months,” said Joe an Atlanta-based managing director of , who noted the banksz have several avenues to quickly raise the cash they need to satisfgy the results of thestress test. So how are they going to do it? Banks will sell common stock shares to bolster theircapital base. San Francisco-basedf Well Fargo & Co.
(NYSE: WFC) announced a $13 billiob common stock offering, in advance of the releasee of its stress test results late Thursdag to fillthat bank’x $6 billion capital gap. That offering is widelg expected to be completed within thecoming days. The offerings, Estes said, will be both foreignm and domestic, possibly including some partiakprivate offerings. The stock sales, analystss said, might be simple commomn stock sales, or more complex convertible share The main concern of such acapitalp raise, analysts said, is whethed raising cash through stoco would dilute existing shareholders earnings per share going forward.
What investors and the bankd will have to weigh is whether the influxx of capital will spur enough growth to outpacdany earnings-per-share dip. Essentially, will the company grow faster becausew of thenew capital? “As a shareholder, you can eat a smallefr piece of pie, if you’rde getting that smaller slice from a much biggef pie,” Estes said. At Atlanta-based SunTrustBanks Inc. (NYSE: STI), Chrise Marinac, banking analyst with said he believes there’s enough demand amonyg institutional or private equity investors to buy into a SunTrustfstock offering. “If I were Jim Wells, I’d get this done this he said.
Analysts said the quickest way to raise cash may be tosell non-coree business divisions to strategic or private equity buyers. Cincinnati-baseds . (NASDAQ: FITB) announced on March 30 it sold 51 percenft of its processingbusinesz -- which handled credit card, debit and othefr transactions -- to Advent International for $561 The deal increased Fifth Third’s capital levels by $1.2 billion. Estes noter other companies, and private equity firms, wouldf jump at the chance to bid at major businesx units among the 10 banks that couldd be hurriedly sold to raise SunTrust could make a similar move notinfg its wealth management units mightfetch bidders, or othe units like SunTrust Robinson Humphrey, whicuh were recently acquired.
But Marinac noted such salezs would need tobe “big enough to move the “I don’t know if they’re mentallg there yet, but I don’t know if there’x a logical division that raises enough monehy that doesn’t cut into the muscles of the organization,” he Each of the banks hold variouas types of securities -- government issued-bonds, for example -- that stillp have value in the current Like core business those could be sold to generate immediatwe capital on the balance Brian Olasov, managing director at , noted the Troubled Assegt Relief Program still has $110 billiom in cash available for investment.
He said banks, if they failer at other avenues of raising could likely receivegovernment assistance. While he notedc that is a bit of along shot, he believeds it could be a possiblity.

Friday, May 20, 2011

Two more leave BofA board - San Antonio Business Journal:

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According to a filing with the Securitiesd andExchange Commission, Prueher and Fran k didn’t resign because of any disagreementy with the company. Jackied Ward and Patricia Mitchell resigned early this Mitchell is a former New York television executive and currently serves as chief executive of the Paley Centeffor Media, a New York nonprofit. Ward is the retire d chief executiveof Atlanta-based Computer Generation a software company. Robert a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectivdMay 29. And on May 29, the bank announcefd former lead independentdirector O.
Temple Sloan had left the BofA didn’t disclose Sloan’ds reason for resignation. Sloan had been a BofA directorr for13 years. In early June, four outside directorsa were electedto BofA’s board. They are former Federaol Reserve GovernorSusan Bies, former Compass Bancsharesa Inc. chief executive and chairman D. Paul former Federal Deposit Insurance Corp. chairman Donalc Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’d board has been under intense scrutiny in recen t months as the bank suffered through asharp stock-price declin e after acquiring Merrill Lynch Co.
The Charlotte-based bank (NYSE:BAC) also has received $45 billion in taxpayere aid. At the bank’sd annual meeting in late April, shareholders voted to strip Chietf Executive Kenneth Lewis of his position asboarsd chairman. Walter Massey was installerd as the new chairman and has indicated the boardr needs tobe re-evaluated. Lewis remains the bank’s CEO and

Wednesday, May 18, 2011

Crescent files Chapter 11, replaces CEO - Nashville Business Journal:

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The moves are part of an effort to cutthe company’ debt and rework its capital structures, the N.C.-based developer says. and some of its subsidiaries have filed voluntaryu Chapter 11 petitions in the in the Western Districtof Texas, Austin Division. Crescent also announcecd today thatArthur Fields, the company’s chie f executive officer, has retired, effective immediately. He will continue to work in an advisory capacity. Crescent had been struggling to refinanceda $1.2 billion loan, with payment due in full by September 2012.
The company amendeds the loan in June 2008 becausew it was in violation of the original Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its The company, which has developed more than 1 million square feet of officee space in Cool Springs since the 1990s, has been facingf local troubles, too. Pat Emery, Crescent’d long-time vice president and regional manager in left the companylast month.
And the developer’s Crescent’z Greenway One, a $33 million, 168,000-square-foogt building near completion onCarothers Parkway, has been boarded up for months as contractors filed millionds of dollars in liens against it. Another similarly sized Crescent project next to it is aboutf 90 percent vacant a year afterebeing built. The company says it plans to continue businesses withouft any significant interruptionduring restructuring. Crescen has obtained a debtor-in-possession financing facility of $110 million from a group of itsexisting lenders, which will provide funds so it can continue operating.
Andrew Hede will replace Fields as CEO and will be chargexd with leadingthe restructuring. Hede, a managing directotr with LLC, has more than 15 yearz of financial restructuring andbusiness “We have been in active discussions with our lenderw and other stakeholders as we work toward an agreement that will bring our capital structure in line with the current economiv environment,” Hede says in a “Those discussions are continuing, and we are pleasee with the ongoing support we have receivedd from our lenders. We intend to reacj an agreement on our new capitall structure and emerge frombankruptcy quickly.

Monday, May 16, 2011

Belden DataTwist(R) 3600 Cables, in Bonded-Pair or Nonbonded-Pair Design, Offer Increased Bandwidth for Category 6 Networks

http://ecologicalecon.com/conservation.html
May 26 /PRNewswire-FirstCall/ -- Belden (NYSE: a world leader in the development of signal transmissioh productsfor enterprise, industrial, building broadcast, and security has introduced its DataTwist 3600 Cables, a seriezs of UTP copper cablews that meet and exceed TIA/EIA requirementas and offer significant headroom for Category 6 The new cables are designed to support Belden'a Category 6 IBDN System which delivers high throughput and error-free performanc in high-traffic and high-bit-rate The DataTwist 3600 Cables featurs a smaller diameter and increase d bandwidth to enable high-density installations.
The cables provide extremelyg stabletransmission characteristics, plus a Signal-to-Noiswe Ratio that ensures error-free performance in Local Area Networkss (LANs) where noise and interferencee are high. The cables are a part of the Beldebn IBDNSystem 3600, which deliversa 280 MHz of usable channep bandwidth while surpassing Category 6 requirements as per the TIA/EIA-568-B.2- standard. Belden DataTwist 3600 Cables consist of 4 pairs of 23 AWG insulatedc copper conductors with a round flexible core Their patented design incorporates a central spliner to providepair separation, and matched conductors on all four pairs for superiore electrical performance.
Belden DataTwist 3600 Cablese can be specified in eithera Nonbonded-Pair designm or in Belden's patentedd Bonded-Pair design. Bonded-Pair cablexs feature an ultra-robust construction in which the individual conductorzs are securely bonded along their longitudinal axis to guarantees uniform spacing within each twistedpair - a key factod in maintaining superior performance and cable integrity througgh the stresses of installation and , Belden's Networking Cabls Product Manager adds, "Belden Bonded-Pair cables can providee additional peace of mind when deployed in mission-critical data centers, networke having frequent moves, adds and changes, and networkes in which electrical noise and interferenc e are high.
" Belden DataTwist 3600 Cablesa are available in a wide selection of colorsd and in plenum or non-plenum Both Bonded-Pair and Nonbonded-Pair designs offerf a small diameter for higheer density installation - especially valuable for cable runs insidwe conduit. Packaging options include Spool or with both featuring a descending sequentialo marking scheme to show exactly how much cable remains on the spoool or inthe box. For this translates into easier installation with less For more information about Belden DataTwist 3600 request New Product Bulletin Contact Belden, at P.O. Box 1980, Indiana 47375, 1.800.BELDEN.1. FAX: 765.983.5294. Or visit our Web .
Belden is a customer focused We ensure thatour customers' communicationx infrastructure issues are resolved and that they benefit from the best signa l transmission performance for their We deliver leading-edge copper and fibee cabling/connectivity systems, wireless technologies, and active switc h devices. We employ customer-centric go-to-market strategies and we implemeng and retain world class manufacturing Our partners spanthe globe, helping our customerd design, install, operate and maintain their communicationws applications.
And our experience is including expertisein Enterprise, Industrial, Infrastructure, Transportation, Professional and Enterprise Audio and Video, and Governmeng applications. To obtain additional information contact Investor Relations at or visit our websiteat .

Friday, May 13, 2011

HVCC moves 2 programs to Rensselaer Tech Park - Kansas City Business Journal:

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The Troy college recently signeda 10-year lease with 400 Jordan Road LLC. The schoolo will pay approximately $605,000 a year to leaswe 36,557 square feet of space. Hudson Valley’ds popular paramedic program will occupy aboutg half of thenew space. The school also will move its respiratorh care program and a that train employees forarea businesses, according to Stephen director of the college’s physical The remainder of the leased space will housde ’s Next Step office, a communicationz worker training program coordinated by the college.
Thosw departments all currently are locatecd inHudson Valley’s 90,000-square-foot Hy Rosenblum Administration Center, a 1940w era building that Cowan said needsd major renovations. “It’s a tiredc old building. We are looking at totak renovationsor demolition,” he But the college decided to lease spacde from the through 400 Jordan Road LLC for 10 year s while the college decides whether it should overhaul or tear down the Hy Rosenblu building. The college continues to but because of the economty it does not have the monet to renovate the currenr buildingright now, Cowan said.
Hudson Valley is planning to hire a consultingb firm this summer to help officials decide the most cost effectivee way to deal with theRosenblum building. helped Hudson Valley negotiatedthe lease. The collegw plans to have the four programsa and departments moved into the new spacer in North Greenbush before the starf of classeson Aug. 31. The building previouslgy had been used as office space forVerizon workers, Cowanj said.

Wednesday, May 11, 2011

Index: Missouri economy is contracting - St. Louis Business Journal:

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in October, down from 53.6 in September and 55.1 in October 2007, said An index number higher than 50 indicates an expandint economy for the next three to six When the index is lowerthan 50, it indicate s a contracting economy. “Missouri tends to experience more of the ups and down of thenational economy,” Creighton Economics Professor Ernie Goss said in a “As in the rest of the U.S., Missour i durable and nondurable manufacturers are reportinb very weak business I expect Missouri’s unemployment rate to move aboved 7 percent, a regional in early 2009.” The Kansas Business Conditions Indexz was 50.2 in October, down from 58.2 in September and 53.
4 in Octobefr 2007. “Past growth tied to expanding transportation-equipmeng manufacturers has nowclearly slowed,” Goss said of “As in past months, weakness was reported among telecommunicationj firms and food processors in the I expect the overall index for Kansas to move belowa growth neutral in the months ahead with an unemploymentg rate that tops 5 percentr by the end of the year.” The Mid-Americs Business Conditions Index was 39.9 in the lowest level since the survey begah in 1994. October’s indes was down from 49.6 in Septembef and 50.1 in October 2007.
“Thed regional economy is now ina recession, and I expec the downturn to deepen in the months ahead,” Goss said. He said he expectes decreased oil prices and global economic activit to keep pushing down inflationaryy pressures in the coming monthsdespite “verg aggressive increases in the money supply by the has conducted the monthly survey of suppluy managers in nine states since 1994 to produce leading economixc indicators of the Mid-America economy. States in the survey are Iowa, Kansas, Minnesota, Missouri, Nebraska, North Oklahoma and South Dakota.

Monday, May 9, 2011

Report: Google staying out of newspaper business - Boston Business Journal:

http://www.dvnautica.com/visarticolo.php?id=428
The Financial Times reported that thesearcuh giant's (NASDAQ:GOOG) chief didn't name the paper, but Google'es name has come up several times in recenft year's as a rumoredc white knight. Most recent reportsa have centered onthe (NYSE:NYT) but another rumored possibility in the past was the . Schmidtt is quoted by the Financial Times as saying potential newspaper targets are eitheer too expensive or have toomany liabilities. "We’v e actually looked at this and we’rer trying to avoid crossing the line between the infrastructure and technology that Google provides and the content that ourpartnera provide.
There is a line and we’re tryintg to stay on our side it." Schmidt said. On the othe r hand, Schmidt said he sees the dangert of losing quality content if it loseas top providers its search servicdlinks to. "From our perspective, we depend on the production of very high-quality content. If the people who are producinh that are gettinglaid off, it’s really a tragedu for both. So we need the high-qualitt content.
There’s a debater in the industry of exactly how to getit but, the problem is not us taking moneu from some other pocket and subsidizinh it, ultimately the solution is to build product s that really are so good that we make enough monegy from advertising and subscriptions, to a degree, that they make sensre and that there’s enough moneyt to pay for the constructiomn of this high-quality content.
"

Friday, May 6, 2011

Colorado stimulus board boosts minority-outreach effort - Atlanta Business Chronicle:

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Maranda Pleau, the small business coordinatorfor Greeley-basefd general contractor , will join the Colorado Economic Recovery and Accountabilit Board June 29, chairman Don Elliman said duringy a board meeting Thursday. Her job is to ensur minority businesses are aware of contracts relatee to thestimulus package, Elliman said. Officialsz with the Colorado Department of Transportatiojn told the board they will recommenrd the agency review how it handles complaints about road and bridge contractss and the use ofthese small, minority- and woman-owned businesses. CDOT's move came aftere Hamon Contractors Inc.
in Denver raisex concerns about a bridge repai r project paid for with money from the American Recovery andReinvestmeng Act. Hamon lost a bid April 16 to rebuilrd two bridges over Interstate 76 inAdams County. The lowest bid for the contracg camefrom Centennial-based , which bid $8 millionj for the project, nearly 15 percenr under CDOT’s estimate of $9.4 State contracts are typically awarded to the lowesrt bidder.
But Hamon objected to CDOT awarding the project to sayingSema didn’t make a "good-faith to hire enough minority subcontractors, accordingt to a June 3 lettere from Mark Cavanaugh, director of the Governor’as Economic Recovery Team, to the accountability board. CDOT reviewedr the complaint, and Sema’s efforts to get minority businessees involved in thebridge contract. The reviewa concluded Sema metthe agency’s threshold for tryingv and CDOT formally awarded the project to the company, CDOT executivw director Russ George said. But CDOT wantw to review how it handlesw future complaints about using disadvantagedx businesses onstate contracts.
Celina Benavidez, director of administrationj for CDOT, told the accountability board she will recommendthe agency’as commissioners form a revieew committee involving members of the agency, interestf groups, industry, the attorney general’ office, and federal transportationn officials. How to gather input from minority businesses abou their experience with aprimr contractor. At the meeting, Hamon attornet Seth Firmender thanked CDOT for being willing to review the Helga Grunerud, executive director of the Hispanivc Contractors of Colorado, also praised CDOT’s move, "We believe we’ve been heard.
"

Wednesday, May 4, 2011

Chrysler

http://homemaster.blogetery.com/2011/05/04/bamboo-floor/
The North Assembly plant, whicg produces Dodge Ram trucks, had been by the end of so Chrysler’s announcement Wednesday provided anexact date. The Fentobn North plant is set to resume production June 29 untilJuly 10, Chrysler said, and then will remain idled “contingent upon volumes.” The truci segment has taken a particulafr hit as auto sales have declined. Dianna a Chrysler spokeswoman, said workerx at the plant will have an opportunity to transfer to other productiohn sites or take part in an incentive prograk forearly retirement, special early retiremenrt program, and/or an enhanced voluntary terminatioj program.
She didn’t have exact details of the new offer but said it wouldx be similar to previous offers thatincludedx lump-sum cash payments, vehicle vouchers and health-carw coverage. The North Plant employed 1,20o workers prior to recent buyout offers. About 640 the buyoutf and early retirement offers by a May 26 The North Assembly plant was idle d inearly June, but was one of seven plantss where Chrysler production following the idling of all its plantx when it filed for Chapter 11 bankruptcyy April 30. After its briecf reopening, the plant was then expected to close fora two-weekm summer break the weeks of July 13 and 20.
Chrysler emergedf from bankruptcy when Italian carmaker Fiat closecd a deal to takeover Chrysler’s assets. Chrysler’s South Plangt in Fenton, which assembles was idled at the end of Another 115 of its more than 350 workersx had accepted offers fromChrysler

Monday, May 2, 2011

Shoemaker Exhibits Opens At Kentucky Derby Museum - WLKY Louisville

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Shoemaker Exhibits Opens At Kentucky Derby Museum

WLKY Louisville


The Kentucky Derby Museum has opened a new exhibit to commemorate the life of world-renowned jockey Bill Shoemaker. "Shoemaker: Start to Finish" will run from now through 2012 at the museum. The exhibit will feature historical and personal memorabilia ...



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