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In getting out the word about theBusinesss Journal
Friday 30 December 2011
Wednesday 28 December 2011
Cardinal ups quarterly dividend - Business First of Columbus:
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The Dublin-based health-care products giant said an increased dividencof 17.5 cents a share is payablee on July 15 for shareholders of recorde as of July 1. That’s up from a 14 cents-a-shares dividend the company has paid sincJuly 2008. Cardinal said it plans to highlight the dividend increass at its investor conferenceon Tuesday, where it will give details on futurd increases that will follow the spinofdf of the company’s clinicapl and medical products businessews into a separate public entity. The company has said the spinoffv ofSan Diego-based will be completew later this summer. The $4.
5 billion CareFusio n division makes and sells durable equipment such as infusiojn pumpsand ventilators, plus infection contropl supplies. Cardinal Health Ohio’s largest publicly held corporation, earned $1.3 billionn on $91.1 billion in revenue for the fiscal year endedJune 30, 2008.
The Dublin-based health-care products giant said an increased dividencof 17.5 cents a share is payablee on July 15 for shareholders of recorde as of July 1. That’s up from a 14 cents-a-shares dividend the company has paid sincJuly 2008. Cardinal said it plans to highlight the dividend increass at its investor conferenceon Tuesday, where it will give details on futurd increases that will follow the spinofdf of the company’s clinicapl and medical products businessews into a separate public entity. The company has said the spinoffv ofSan Diego-based will be completew later this summer. The $4.
5 billion CareFusio n division makes and sells durable equipment such as infusiojn pumpsand ventilators, plus infection contropl supplies. Cardinal Health Ohio’s largest publicly held corporation, earned $1.3 billionn on $91.1 billion in revenue for the fiscal year endedJune 30, 2008.
Monday 26 December 2011
Sony Sells LCD Venture Stake to Samsung as Losses From TVs Mount - BusinessWeek
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Bloomberg | Sony Sells LCD Venture Stake to Samsung as Losses From TVs Mount BusinessWeek By Mariko Yasu and Saeromi Shin Dec. 26 (Bloomberg) -- Sony Corp. sold its stake in the venture with Samsung Electronics Co. to make liquid-crystal displays to the South Korean company after predicting an eighth consecutive year of losses from TVs amid ... Samsung Electronics Buys Sony Out of Stake in LCD Venture for $935 Million |
Saturday 24 December 2011
CPS staff recommending nuclear option - Dallas Business Journal:
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The cost of expanding STP to include twoadditionak reactors, each capable of generating 1,350o megawatts of electricity, woulxd run somewhere between $10 billion and $13 billion, according to CPS Energh interim General Manager Stevw Bartley. “Any route we take will be expensive and will requirwbill increases,” Bartley says. “We believew all methods of producingb electricity will cost more as timegoes on, so we are lookinb for the best way to slow cost escalation as much as possible and retaih Greater San Antonio’s position as havinv the lowest energy bills among the nation’s 20 larges cities.
” Bartley says it is better to pay some of that cost sooner to avoid having to pay much more in the long The staff recommendation follows a three-year, detailed studhy of CPS’ various energy options. Now the CPS Board will conductta summer-long public education and input processw before making a final decision on pursuing the recommendatioh in September. If the proposal could go beforde the City Council for final consideration in CPS Energy CEO Milton Lee says despite laudablr effortsat conservation, San Antonio will experience a shortfalo in electrical generation by 2020 unless new sourceas of energy are tapped.
“We’ve carefully examine d many scenarios involvingnatural gas, coal, nucleatr and even purchased power from the Texas grid to provids our community with a long-term, cost-competitive source of electricity,” Lee says. “We’ve concludee that expansion of STP has the highest probability of accomplishing thatimportangt goal.” CPS Energy is the nation’s largest municipally owne energy company providing both naturalk gas and electric service. Acquired by the City of San Antonipoin 1942, the company serves approximatelhy 700,000 electric customers and almos 320,000 natural gas customers in and aroundf America’s seventh-largest city.
The cost of expanding STP to include twoadditionak reactors, each capable of generating 1,350o megawatts of electricity, woulxd run somewhere between $10 billion and $13 billion, according to CPS Energh interim General Manager Stevw Bartley. “Any route we take will be expensive and will requirwbill increases,” Bartley says. “We believew all methods of producingb electricity will cost more as timegoes on, so we are lookinb for the best way to slow cost escalation as much as possible and retaih Greater San Antonio’s position as havinv the lowest energy bills among the nation’s 20 larges cities.
” Bartley says it is better to pay some of that cost sooner to avoid having to pay much more in the long The staff recommendation follows a three-year, detailed studhy of CPS’ various energy options. Now the CPS Board will conductta summer-long public education and input processw before making a final decision on pursuing the recommendatioh in September. If the proposal could go beforde the City Council for final consideration in CPS Energy CEO Milton Lee says despite laudablr effortsat conservation, San Antonio will experience a shortfalo in electrical generation by 2020 unless new sourceas of energy are tapped.
“We’ve carefully examine d many scenarios involvingnatural gas, coal, nucleatr and even purchased power from the Texas grid to provids our community with a long-term, cost-competitive source of electricity,” Lee says. “We’ve concludee that expansion of STP has the highest probability of accomplishing thatimportangt goal.” CPS Energy is the nation’s largest municipally owne energy company providing both naturalk gas and electric service. Acquired by the City of San Antonipoin 1942, the company serves approximatelhy 700,000 electric customers and almos 320,000 natural gas customers in and aroundf America’s seventh-largest city.
Wednesday 21 December 2011
House Republicans should pass payroll tax cut - San Francisco Chronicle
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Fort Worth Star Telegram | House Republicans should pass payroll tax cut San Francisco Chronicle House Republicans claim they are holding out for a deal that would » |
Monday 19 December 2011
Ultimus names new CEO; Khan moves to CTO role - Tampa Bay Business Journal:
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Davis was most recently CEO of Massachusetts' , whicg was purchased by in January. He has also been CEO of ., , and two othed companies that were acquired: , acquiredc by , and , acquired by "Withh this strong foundation of an innovativer product and unparalleled worldwidedelivery capability, now is the righ t time for Ultimus to bring on a seasones technology veteran to help us capitalizre on the BPM industry'a significant growth. With his unique set of skills and expertise, Richard is ideally suitefd for the CEO position at Ultimus," Khan said in a preparede statement. Ultimus also said Tuesday thatAnne Ardence's former chief financial officer, has become its CFO.
Cary's Ultimus providese business process management to morethan 1,600
Davis was most recently CEO of Massachusetts' , whicg was purchased by in January. He has also been CEO of ., , and two othed companies that were acquired: , acquiredc by , and , acquired by "Withh this strong foundation of an innovativer product and unparalleled worldwidedelivery capability, now is the righ t time for Ultimus to bring on a seasones technology veteran to help us capitalizre on the BPM industry'a significant growth. With his unique set of skills and expertise, Richard is ideally suitefd for the CEO position at Ultimus," Khan said in a preparede statement. Ultimus also said Tuesday thatAnne Ardence's former chief financial officer, has become its CFO.
Cary's Ultimus providese business process management to morethan 1,600
Saturday 17 December 2011
Lane4 completes purchase of three Kansas City-area shopping centers - Washington Business Journal:
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million. The Kansas City Business Journalk reported that the PrairieVillage Shops, the Corinth Squarse shopping center in Prairie Village and the Fairway Shops in Fairwayh were under contract to investors led by Lane4, a Kansaz City-based commercial real estate brokerage and development firm. Highwoods HIW), based in N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraisesd value ofabout $64 million, according to figures from the Johnson County Appraiser’s Office. The three shopping centers contain 416,000 square feet combinef and were, on average, 94.5 perceng leased and 55 years old, Highwoods said.
The propertiex generate a combined annual cash net operating income ofabout $5.4 million. The new owners plan no “immediatde major changes” to the shopping Jeff Berg, senior vice president and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgrad e the centers as opportunities ariseover time, but these improvemente will not change their basivc character,” Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represent an excellent opportunity to invest in our community.
” Kansads City developer Jesse Clyde Nichols built the grocery-anchoreed shopping centers in the mid-1900s, and the JC Nicholsx Co. sold them to Highwoodse in 1998.
million. The Kansas City Business Journalk reported that the PrairieVillage Shops, the Corinth Squarse shopping center in Prairie Village and the Fairway Shops in Fairwayh were under contract to investors led by Lane4, a Kansaz City-based commercial real estate brokerage and development firm. Highwoods HIW), based in N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraisesd value ofabout $64 million, according to figures from the Johnson County Appraiser’s Office. The three shopping centers contain 416,000 square feet combinef and were, on average, 94.5 perceng leased and 55 years old, Highwoods said.
The propertiex generate a combined annual cash net operating income ofabout $5.4 million. The new owners plan no “immediatde major changes” to the shopping Jeff Berg, senior vice president and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgrad e the centers as opportunities ariseover time, but these improvemente will not change their basivc character,” Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represent an excellent opportunity to invest in our community.
” Kansads City developer Jesse Clyde Nichols built the grocery-anchoreed shopping centers in the mid-1900s, and the JC Nicholsx Co. sold them to Highwoodse in 1998.
Thursday 15 December 2011
Blake Griffin on Chris Paul: 'It's going to be Lob City!' - USA Today (blog)
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USA Today (blog) | Blake Griffin on Chris Paul: 'It's going to be Lob City!' USA Today (blog) What they caught in Griffin was a beaming superstar already dreaming of » |
Tuesday 13 December 2011
San Antonio is home to some of the country
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But there are those that are still hangingtougy — including several retailers that have a noted presencs in San Antonio. A Washington, D.C.-based stock researcg firm has released the results of its annual Top 20 Most Competitiv eRetail & Consumer Goods The analysis highlights those companies that have been able to keep reelinv in the customers, and the sales, despitew the tough financial times.
The results of the conducted by , are based on severao criteria, including a firm’ds ability to protect itself against rivals stealinbaway customers, a firm’s ability to consistently meet the expectations, and profit Retailers were ranked according to theird ability to build economic and consumer advantages — and thus distinguis themselves from the myriad of competitors alongf the retail landscape. A score of 100 was the highest mark Coming inat No. 1, with a scor of 92.7, was Coach. The luxury retailef currently has three stores in SanAntonik — at North Star, Ingra Park Mall and The Shops at La Cantera. Clothinfg retailers and came inat Nos.
2 and 3, with scorezs of 91.6 and 90.7, respectively. Both chains have a presenced atThe Shops. Jos A. Bank also has a store at Quarrty Market and the Village atStone Oak. Aeropostale has storex in North Star and Ingram Park mallasas well. • Guesds Stores, No. 6, with a score of 87; , No. 8, at 85.3; • , No. 9, at • , No. 10, at 81.8; • , No. 11, at • Victoria’s Secret, No. 12, at 80.6; , No. 13, at • , No. 14, at • , No. 15, at 79.7; • , No. 17, at 78.3 Carter’s, No. 18, at 77.5; • , No. 19, at 77; , No. 20, at 76.
7 Thosde firms in the current Top 20 reportare “o track to emerge from the recession with greater customerf and economic strength than their rivals,” accordint to wRatings. In these chaotic times, the success of these companiese is proof that there is still customeer demand inthe marketplace, “and the smartest companies are tapping into thesw new customer expectations and needs,” says Gary A.
Williams, CEO and foundet of wRatings,
But there are those that are still hangingtougy — including several retailers that have a noted presencs in San Antonio. A Washington, D.C.-based stock researcg firm has released the results of its annual Top 20 Most Competitiv eRetail & Consumer Goods The analysis highlights those companies that have been able to keep reelinv in the customers, and the sales, despitew the tough financial times.
The results of the conducted by , are based on severao criteria, including a firm’ds ability to protect itself against rivals stealinbaway customers, a firm’s ability to consistently meet the expectations, and profit Retailers were ranked according to theird ability to build economic and consumer advantages — and thus distinguis themselves from the myriad of competitors alongf the retail landscape. A score of 100 was the highest mark Coming inat No. 1, with a scor of 92.7, was Coach. The luxury retailef currently has three stores in SanAntonik — at North Star, Ingra Park Mall and The Shops at La Cantera. Clothinfg retailers and came inat Nos.
2 and 3, with scorezs of 91.6 and 90.7, respectively. Both chains have a presenced atThe Shops. Jos A. Bank also has a store at Quarrty Market and the Village atStone Oak. Aeropostale has storex in North Star and Ingram Park mallasas well. • Guesds Stores, No. 6, with a score of 87; , No. 8, at 85.3; • , No. 9, at • , No. 10, at 81.8; • , No. 11, at • Victoria’s Secret, No. 12, at 80.6; , No. 13, at • , No. 14, at • , No. 15, at 79.7; • , No. 17, at 78.3 Carter’s, No. 18, at 77.5; • , No. 19, at 77; , No. 20, at 76.
7 Thosde firms in the current Top 20 reportare “o track to emerge from the recession with greater customerf and economic strength than their rivals,” accordint to wRatings. In these chaotic times, the success of these companiese is proof that there is still customeer demand inthe marketplace, “and the smartest companies are tapping into thesw new customer expectations and needs,” says Gary A.
Williams, CEO and foundet of wRatings,
Saturday 10 December 2011
Unisys extends debt exchange deadline - Atlanta Business Chronicle:
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The latest extension moves the deadline to midnighrt Wednesday from midnightlast Friday. It was midnight May 28 when Unisysd announced the offer onAprill 30. The Blue Bell, Pa.-based information-technology company is trying to get holders of four sets of senior notes to exchangd them in a privatw placement for new senior secured notee thatpay 12.625 percent interest and are due 2014. The senio r notes eligible for the offerare 6.875 percent notes due in 2010; 8 percent note due 2012; 8.5 percenft notes due 2015; and 12.5 percengt notes due 2016.
In addition to the senio r secured notesdue 2014, holders of the seniort notes due 2010 also will receive cash and holders of the seniorr notes due 2015 and 2016 can also buy additional seniodr secured notes in the exchange. Unisys won’t issue more than $375 millionb of the new seniorsecurexd notes. Unisys (NYSE:UIS) said that $35.9 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 notes and $3.4 millionn of the 2016 notes had been tendered as of the closes ofbusiness Friday. That’s $73.2 million, up only $100,000 from the totalp tendered twoweeks previously, when Unisyz last extended the offer.
The company said it and its representativex are continuing to talk to representativexs of senior note holders regardingthe offering.
The latest extension moves the deadline to midnighrt Wednesday from midnightlast Friday. It was midnight May 28 when Unisysd announced the offer onAprill 30. The Blue Bell, Pa.-based information-technology company is trying to get holders of four sets of senior notes to exchangd them in a privatw placement for new senior secured notee thatpay 12.625 percent interest and are due 2014. The senio r notes eligible for the offerare 6.875 percent notes due in 2010; 8 percent note due 2012; 8.5 percenft notes due 2015; and 12.5 percengt notes due 2016.
In addition to the senio r secured notesdue 2014, holders of the seniort notes due 2010 also will receive cash and holders of the seniorr notes due 2015 and 2016 can also buy additional seniodr secured notes in the exchange. Unisys won’t issue more than $375 millionb of the new seniorsecurexd notes. Unisys (NYSE:UIS) said that $35.9 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 notes and $3.4 millionn of the 2016 notes had been tendered as of the closes ofbusiness Friday. That’s $73.2 million, up only $100,000 from the totalp tendered twoweeks previously, when Unisyz last extended the offer.
The company said it and its representativex are continuing to talk to representativexs of senior note holders regardingthe offering.
Thursday 8 December 2011
Air Transport, Regent dodge bullet as Nasdaq puts off $1 price rule - Business Courier of Cincinnati:
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With stock prices plunging in the fourth a fewlocal companies’ stocks have plummeted below $1. That violates one of the rulesx for being listedon Nasdaq. But they have gotten a temporaryg reprieve. The tanking market caused Nasdaq to extends in late December its suspensio n of the rule that stockz maintain a per share price of atleast $1 for 30 consecutivse days. Its latest suspension runs throughy April20 (the original one, issuede in October, ran until Jan. 19). But and woulf have four months to get their pricer steadilyabove $1. So they don’ty face a delisting issue based on stock price until August. Air Transport’s stock closed Dec. 29 at 19 centws a share.
Regent’s closed at 9 Both have a long wayto go. But at leasyt Nasdaq is giving them has also fallen wellbelowq $1, trading at 30 cents. But it’s in the midsf of selling its 19 bank branches and some loansto . It will try to wind up its affairw by selling itsproblem loans. Its deal with CenterBanl was initially supposed to be completed by That hasn’t happened, and no one from eithefr side will say when the deal will be If it doesn’t get Peoples is on its own trying to meet Nasdaqw criteria. Why does a Nasdaqa listing matter? It makes stockse available to a larger groupof investors. That can lift the stocko price.
A lot of institutions won’t invest in stocksx that aren’t listed on a market. The listiny requirements give a baseline forfinanciapl strength, liquidity and corporate governance, said Joe Payne, Air Transport’sw general counsel. “It increases the market in your Payne said. “You want to have the largestt possible stable of potential Stock in AirTransport Services, the Wilmington-based parent of , ran agrounds earlier this year when delivery service – its largest customer – said it would pull out of its U.S. deliver y business. But CFO Quint Turner pointed out the company is still profitable and its equity isabovr $1 per share.
“Naturally, we’df like to get our stocmk price up,” Turner said. “But it’s difficultr right now. Where we’re trading is largelg driven by theDHL news.” It keeps tryint to diversify its customer base to drive up the stock prics again. It still has time. Any significang impact of the Nasdaq rule is likelu at leasta year-and-a-half off, said Regent CFO Tony Regent and Air Transport will have about four months after the Nasdaq temporary rulez suspension ends to get their price abovew $1. At that point, they could be knockex down to a lower level on Nasda q withlittle impact.
After six more they could be completely delistedfrom Regent’s board could consider a reverse stock spli to lift the stock price, Vasconcellos More problematic for Regent is the Nasdaq’xs $35 million market cap minimum. That rule, too, is on But once it’s back, a reversse split wouldn’t help. “We stilol have a lengthy amountof time,” Vasconcellods said. If a company does get it’s a huge deal, said Doug a partner at Cincinnatio law firm who deals in securities was delisted earlierthis year. Its stockm is mired around 10 centsa share.
“To be relegatee to over-the-counter or the Pink Sheets (alternative tradinfg markets) is as close to a nail in the coffibn as you can Roberts said. “It’s nearly impossible to get enoughg interest in the stockif you’re not listec on an exchange.”
With stock prices plunging in the fourth a fewlocal companies’ stocks have plummeted below $1. That violates one of the rulesx for being listedon Nasdaq. But they have gotten a temporaryg reprieve. The tanking market caused Nasdaq to extends in late December its suspensio n of the rule that stockz maintain a per share price of atleast $1 for 30 consecutivse days. Its latest suspension runs throughy April20 (the original one, issuede in October, ran until Jan. 19). But and woulf have four months to get their pricer steadilyabove $1. So they don’ty face a delisting issue based on stock price until August. Air Transport’s stock closed Dec. 29 at 19 centws a share.
Regent’s closed at 9 Both have a long wayto go. But at leasyt Nasdaq is giving them has also fallen wellbelowq $1, trading at 30 cents. But it’s in the midsf of selling its 19 bank branches and some loansto . It will try to wind up its affairw by selling itsproblem loans. Its deal with CenterBanl was initially supposed to be completed by That hasn’t happened, and no one from eithefr side will say when the deal will be If it doesn’t get Peoples is on its own trying to meet Nasdaqw criteria. Why does a Nasdaqa listing matter? It makes stockse available to a larger groupof investors. That can lift the stocko price.
A lot of institutions won’t invest in stocksx that aren’t listed on a market. The listiny requirements give a baseline forfinanciapl strength, liquidity and corporate governance, said Joe Payne, Air Transport’sw general counsel. “It increases the market in your Payne said. “You want to have the largestt possible stable of potential Stock in AirTransport Services, the Wilmington-based parent of , ran agrounds earlier this year when delivery service – its largest customer – said it would pull out of its U.S. deliver y business. But CFO Quint Turner pointed out the company is still profitable and its equity isabovr $1 per share.
“Naturally, we’df like to get our stocmk price up,” Turner said. “But it’s difficultr right now. Where we’re trading is largelg driven by theDHL news.” It keeps tryint to diversify its customer base to drive up the stock prics again. It still has time. Any significang impact of the Nasdaq rule is likelu at leasta year-and-a-half off, said Regent CFO Tony Regent and Air Transport will have about four months after the Nasdaq temporary rulez suspension ends to get their price abovew $1. At that point, they could be knockex down to a lower level on Nasda q withlittle impact.
After six more they could be completely delistedfrom Regent’s board could consider a reverse stock spli to lift the stock price, Vasconcellos More problematic for Regent is the Nasdaq’xs $35 million market cap minimum. That rule, too, is on But once it’s back, a reversse split wouldn’t help. “We stilol have a lengthy amountof time,” Vasconcellods said. If a company does get it’s a huge deal, said Doug a partner at Cincinnatio law firm who deals in securities was delisted earlierthis year. Its stockm is mired around 10 centsa share.
“To be relegatee to over-the-counter or the Pink Sheets (alternative tradinfg markets) is as close to a nail in the coffibn as you can Roberts said. “It’s nearly impossible to get enoughg interest in the stockif you’re not listec on an exchange.”
Tuesday 6 December 2011
Former Dallas executive named Grant Thornton CEO - Dallas Business Journal:
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Chipman, who has been with Grant Thornto n for28 years, is replacing Edwarfd Nusbaum, who has been chosen to take over the role of CEO at Grantg Thornton's parent company, Grant Thornton International Ltd. Chipman will officiallhy assume his new dutieson Jan. 1, when Nusbaum stepsa into his new role. Chicago-based Grant Thorntoj has 51 offices nationwidedand 6,000 employees. Chipman has already held executive positions withinthe company, previously serving as the U.S. Central Region managing partner from 2003to 2006. Chipman also servedr as managing partner for the Dallas offic e from 2000 to 2003 andwas U.S.
managinyg partner of global services and worldwide director of International Business Centeres from 1998to 2000. “I look forwared to leading GrantThorntonm LLP,” said Chipman. “I will dedicate myselfd to taking action on a numbedof fronts, including continuin Grant Thornton’s tradition of providing strong leadershi to the accounting profession and speakingt out on issues of importance. I will also continus our focus on providing the Grant Thornton Experience for our peopleand clients, and expanding our global servicde capabilities and corporate social responsibility agenda.
”
Chipman, who has been with Grant Thornto n for28 years, is replacing Edwarfd Nusbaum, who has been chosen to take over the role of CEO at Grantg Thornton's parent company, Grant Thornton International Ltd. Chipman will officiallhy assume his new dutieson Jan. 1, when Nusbaum stepsa into his new role. Chicago-based Grant Thorntoj has 51 offices nationwidedand 6,000 employees. Chipman has already held executive positions withinthe company, previously serving as the U.S. Central Region managing partner from 2003to 2006. Chipman also servedr as managing partner for the Dallas offic e from 2000 to 2003 andwas U.S.
managinyg partner of global services and worldwide director of International Business Centeres from 1998to 2000. “I look forwared to leading GrantThorntonm LLP,” said Chipman. “I will dedicate myselfd to taking action on a numbedof fronts, including continuin Grant Thornton’s tradition of providing strong leadershi to the accounting profession and speakingt out on issues of importance. I will also continus our focus on providing the Grant Thornton Experience for our peopleand clients, and expanding our global servicde capabilities and corporate social responsibility agenda.
”
Sunday 4 December 2011
Phase I infrastructure complete for Esperanza at Paseo - Naples Daily News
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Phase I infrastructure complete for Esperanza at Paseo Naples Daily News Stock Development has completed infrastructure work on the first phase of Esperanza, a neighborhood of twin villas and single-family homes within Paseo, the 2011 Lee BIA Community of the Year. Accessed via an entry bridge directly across from Paseo's ... |
Friday 2 December 2011
Abercrombie shutting struggling Ruehl chain - Pittsburgh Business Times:
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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ 29 stores and direct-to-consumer operations and will be “substantially complete” with the efforr by the end of next January. The decisionm comes a month after Abercrombie took a deep strategic look at the which targets young adults with clothesand accessories. whose only Ohio store is at Easton Town generated a pretax operating lossof $58 millionn last year. The chain regularly was Abercrombie’s weakest sales performef at stores open at leastya year. Ruehl’s same-store sales were off 33 percengin May. Abercrombie earnex $272.3 million on $3.
54 billion in revenue last “It has been a difficultt decision toclose Ruehl, a brand we continue to believe could have been successfuk in different circumstances,” CEO Michael Jeffried said in a statement. “However, given the currentf economic environment, we believe it is in the best interestws of the company to focus its effortsd and resources on the growthj opportunities afforded by ourothe brands, particularly internationally.
” The companhy didn’t disclose the effects on the chain’e work force, nor did it indicate the number of jobs tied to The review of Ruehl, whicy opened in 2004, cost the company about $51 milliojn in impairment charges in its first quarter. Abercrombie expectws to book about $65 million in pretax chargese through the rest of the fiscal year as it windesdown Ruehl. The company Wednesday also said it amended a credir agreement to excludesome Ruehl-related charge from requirements under its covenant with the lende and reduced its available credit to $350 million from $450 million.
Jeffriesa said the company is confidenyt is has sufficient cash on handbut “wd believe it is prudent to make these in light of the recession-batteresd retail environment and the one-time Ruehpl costs. In addition to the 29 Ruehl Abercrombie runs 350 flagshipo stores and 733 others underthe Abercrombie, Hollister Co. and Gill y Hicks nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ 29 stores and direct-to-consumer operations and will be “substantially complete” with the efforr by the end of next January. The decisionm comes a month after Abercrombie took a deep strategic look at the which targets young adults with clothesand accessories. whose only Ohio store is at Easton Town generated a pretax operating lossof $58 millionn last year. The chain regularly was Abercrombie’s weakest sales performef at stores open at leastya year. Ruehl’s same-store sales were off 33 percengin May. Abercrombie earnex $272.3 million on $3.
54 billion in revenue last “It has been a difficultt decision toclose Ruehl, a brand we continue to believe could have been successfuk in different circumstances,” CEO Michael Jeffried said in a statement. “However, given the currentf economic environment, we believe it is in the best interestws of the company to focus its effortsd and resources on the growthj opportunities afforded by ourothe brands, particularly internationally.
” The companhy didn’t disclose the effects on the chain’e work force, nor did it indicate the number of jobs tied to The review of Ruehl, whicy opened in 2004, cost the company about $51 milliojn in impairment charges in its first quarter. Abercrombie expectws to book about $65 million in pretax chargese through the rest of the fiscal year as it windesdown Ruehl. The company Wednesday also said it amended a credir agreement to excludesome Ruehl-related charge from requirements under its covenant with the lende and reduced its available credit to $350 million from $450 million.
Jeffriesa said the company is confidenyt is has sufficient cash on handbut “wd believe it is prudent to make these in light of the recession-batteresd retail environment and the one-time Ruehpl costs. In addition to the 29 Ruehl Abercrombie runs 350 flagshipo stores and 733 others underthe Abercrombie, Hollister Co. and Gill y Hicks nameplates.
Wednesday 30 November 2011
Credit union officials gird for fight over federal regulation, charters - East Bay Business Times:
adepylex.blogspot.com
"The word circulating in credit unions today isthat we'rw a little worried about this plan," said Hal president and chief financial officer of , a $115 million-assef institution that counts San Jose firefighter and police among its "If this thing comes down, the industrt as we know it may change dramatically." A reportt by the Treasury Department released in early April suggestexd restructuring financial markets to solve problemx in the mortgage industry, but also proposed big changed to the banking system.
Although this overhaul was in the worksd before the public knew the extenr of themortgage crisis, the proposap is being viewed by some as a reactiob to the credit problemas the mortgage crisis caused. What put credit unionds on edge was the proposal to plac e all financial institutions under federal charter and regulatew them with onefederal agency. Credift unions, which had far less exposure than banks to the subprimdemortgage crisis, view the move as punishment for something they didn't do. "It eliminates state credit union systemz by pulling everyone under afederal regulator," said Bob senior vice president of government affairx for the .
"It eliminates the ( ) as our and the irony is we're part of the economic systemj that gotit right." The sent a letteer last month to U.S. Treasurh Secretary Henry Paulson opposing the The letter contendsa five-membee working group that the Treasury Department is establishing to drive policy changes in the financial markets includeds no representative of NCUA. This isn't surprisinb since the plan would eliminatethe agency, whic has regulated credit unions since 1970. Among other duties, that working group woul decide which credit unions wouldremain tax-exempt nonprofits and whic h credit unions would be deemed too large for that advantag e and taxed like banks.
Credity unions and banks have a longtime feud overcredit unions' untaxed status. Banks say it gives credig unions an advantage inoffering lower-interest loanzs and better rates on But the new federal proposal might put the credigt unions and community bankd for once on the same side. "The big losers in this proposal wouldbe state-chartered, state-licensed credit unions and state-chartered licenserd community banks," Arnould said.
Carroll said that taxinb credit unions would fundamentallychange "If credit unions moved into the same regulation as our focus would shift and we'd be focused on The drive to achieve ever-increasing profits is what led to the subprimer mess, Carroll said. "If we got that cash in, we's be more likely to go out and take a littles more than the assets by making subprime loansw or investmentsthat aren't smart or by buying loan participationx that aren't smart," he said. "Thers was a tremendous amounty of risk being taken by but not bycredirt unions.
"The word circulating in credit unions today isthat we'rw a little worried about this plan," said Hal president and chief financial officer of , a $115 million-assef institution that counts San Jose firefighter and police among its "If this thing comes down, the industrt as we know it may change dramatically." A reportt by the Treasury Department released in early April suggestexd restructuring financial markets to solve problemx in the mortgage industry, but also proposed big changed to the banking system.
Although this overhaul was in the worksd before the public knew the extenr of themortgage crisis, the proposap is being viewed by some as a reactiob to the credit problemas the mortgage crisis caused. What put credit unionds on edge was the proposal to plac e all financial institutions under federal charter and regulatew them with onefederal agency. Credift unions, which had far less exposure than banks to the subprimdemortgage crisis, view the move as punishment for something they didn't do. "It eliminates state credit union systemz by pulling everyone under afederal regulator," said Bob senior vice president of government affairx for the .
"It eliminates the ( ) as our and the irony is we're part of the economic systemj that gotit right." The sent a letteer last month to U.S. Treasurh Secretary Henry Paulson opposing the The letter contendsa five-membee working group that the Treasury Department is establishing to drive policy changes in the financial markets includeds no representative of NCUA. This isn't surprisinb since the plan would eliminatethe agency, whic has regulated credit unions since 1970. Among other duties, that working group woul decide which credit unions wouldremain tax-exempt nonprofits and whic h credit unions would be deemed too large for that advantag e and taxed like banks.
Credity unions and banks have a longtime feud overcredit unions' untaxed status. Banks say it gives credig unions an advantage inoffering lower-interest loanzs and better rates on But the new federal proposal might put the credigt unions and community bankd for once on the same side. "The big losers in this proposal wouldbe state-chartered, state-licensed credit unions and state-chartered licenserd community banks," Arnould said.
Carroll said that taxinb credit unions would fundamentallychange "If credit unions moved into the same regulation as our focus would shift and we'd be focused on The drive to achieve ever-increasing profits is what led to the subprimer mess, Carroll said. "If we got that cash in, we's be more likely to go out and take a littles more than the assets by making subprime loansw or investmentsthat aren't smart or by buying loan participationx that aren't smart," he said. "Thers was a tremendous amounty of risk being taken by but not bycredirt unions.
Sunday 27 November 2011
Creditors try to force Darrow Automotive into bankruptcy - The Business Journal of Milwaukee:
qalymeled.wordpress.com
A company called Car Dar basedin McLean, Va., is liste d on the bankruptcy petition under threwe variations of its corporate name. The otherd corporate name on the petitiojis , also of McLean, Va., whicyh has the same address as Car Dar. The case has been assignexd to Bankruptcy Court JudgeSusah Kelley. Attorneys for the petitionersz could not immediately be reachesfor comment. Darrow III, whose office is in did not return callsseeking comment. This is the secondc involuntary bankruptcy case involvingDarrow III’s dealerships and the latesr in a series of legal cases involvingf his dealerships. The Darrow III dealerships are not part of his fatherr RussDarrow Jr.
’s company, the Russ Darrow Group of Menomonee Falls. Darrow III left Russ Darrow Grou in October 2006 and started buying dealershipsoutside Wisconsin. On Jan. 26, three creditors in Georgi a filed a similar involuntary bankruptcy petition against Darrow III listing a debt of morethan $15. 5 million. Car Dar also was a petitione r inthat case, and said it ownex the property for Darrow Automotive’s Toyotw of Augusta dealership and the dealership owed $15.45 million for back rent and lease payments. At the Darrow III, said the creditors “jumped the with their filing and he was preparing to sell the Augusts dealership and pay offhis debts.
Darrowa III also said in late January that he was stilkl negotiating withhis company’s creditors on two other lawsuits. The first involved ’sw September 2008 suit that claimzs his dealershipsin Kinston, defaulted on loan Darrow III closed the dealerships in November 2008. The other case involvedf , which in November 2008 sought a court orderd against him and his companies for defaulting on payments relateds to his dealerships insuburban Chicago. A thirde automaker credit company, , on Feb. 9 filer a petition for an injunction and debt collection againsy Darrow and his Mazda dealership inRock Hill, and a dealership in Charlotte, N.C.
Ford Credi t contends that Darrow III and his dealerships were in defaulgt of the terms ofa $3.2 million inventoru financing contract.
A company called Car Dar basedin McLean, Va., is liste d on the bankruptcy petition under threwe variations of its corporate name. The otherd corporate name on the petitiojis , also of McLean, Va., whicyh has the same address as Car Dar. The case has been assignexd to Bankruptcy Court JudgeSusah Kelley. Attorneys for the petitionersz could not immediately be reachesfor comment. Darrow III, whose office is in did not return callsseeking comment. This is the secondc involuntary bankruptcy case involvingDarrow III’s dealerships and the latesr in a series of legal cases involvingf his dealerships. The Darrow III dealerships are not part of his fatherr RussDarrow Jr.
’s company, the Russ Darrow Group of Menomonee Falls. Darrow III left Russ Darrow Grou in October 2006 and started buying dealershipsoutside Wisconsin. On Jan. 26, three creditors in Georgi a filed a similar involuntary bankruptcy petition against Darrow III listing a debt of morethan $15. 5 million. Car Dar also was a petitione r inthat case, and said it ownex the property for Darrow Automotive’s Toyotw of Augusta dealership and the dealership owed $15.45 million for back rent and lease payments. At the Darrow III, said the creditors “jumped the with their filing and he was preparing to sell the Augusts dealership and pay offhis debts.
Darrowa III also said in late January that he was stilkl negotiating withhis company’s creditors on two other lawsuits. The first involved ’sw September 2008 suit that claimzs his dealershipsin Kinston, defaulted on loan Darrow III closed the dealerships in November 2008. The other case involvedf , which in November 2008 sought a court orderd against him and his companies for defaulting on payments relateds to his dealerships insuburban Chicago. A thirde automaker credit company, , on Feb. 9 filer a petition for an injunction and debt collection againsy Darrow and his Mazda dealership inRock Hill, and a dealership in Charlotte, N.C.
Ford Credi t contends that Darrow III and his dealerships were in defaulgt of the terms ofa $3.2 million inventoru financing contract.
Friday 25 November 2011
Wednesday 23 November 2011
Learning Experience - HoyaHoops.com
ihituvofy.wordpress.com
Learning Experience HoyaHoops.com They must learn to distinguish between decent looks that will be equally available later in the shot clock and truly open threes that are well-taken in the rhythm of the offense. Defensive Rotations. Georgetown did little to contain Robinson, ... |
Monday 21 November 2011
First 'Small Scale' Demand-side Projects in PJM Providing Frequency Regulation - MarketWatch (press release)
evittiebodum1296.blogspot.com
First 'Small Scale' Demand-side Projects in PJM Providing Frequency Regulation MarketWatch (press release) 21, 2011 /PRNewswire via COMTEX/ -- PJM Interconnection today received the first frequency regulation services from small-scale demand resources under new rules allowing smaller projects to participate in PJM's Regulation Market. ... |
Occupy the Highway: The immense pain of walking from New York to Washington Washington Post (blog) Here's the view from the highway: Their feet are bloodied and swollen, even the ones who aren't walking barefoot. The older ones are hunched over, hobbling. It wasn't clear whether everyone would make it to the Trenton, NJ campsite last night. ... |
Thursday 10 November 2011
CHFA chief Alexander to retire in the fall - Los Angeles Business from bizjournals:
ramoledef.blogspot.com
Alexander started with CHFA in 1988 as head of itsfinances division, and became executive director in January 2001. “I’m not heading off to a retiremengt community,” Alexander said in a statement. “Several years ago, I determinedc I needed to slow down and reducs the stress level inmy life. But I stillo plan to be active.” CHFA’s board has been preparingb for Alexander’s departure, and already has set up a search committee to findhis replacement. CHFA Chairmanj Joel Rosenstein said, in his own statement, that Alexanded will be missed. “Hwe has been in instrumental in CHFA’ss success,” Rosenstein said.
“We appreciate the strength of the team and organizatiobn heis leaving.” Created by the Colorado Legislature in 1973, CHFA make s loans to low- and moderate-income homebuyers, developerxs of affordable multifamily housing as well as small- and medium-size Milroy “Roy” Alexander grew up on the Caribbeann island nation of Grenada, according to a Leadership Denvef biography. After moving to Denver, Alexanderr earned an accounting degree fromin 1974, subsequentlty becoming finance manager for a Colorado medical instruments maker and a seniot manager at the Denver branchg of the Touche Ross Co. accounting firm.
Touche Ross now is Deloittre Touche Tohmatsu, based in New York. He was acceptedf into the ’s Leadership Denver class for 1985. After leavinfg Touche Ross, Alexander startef a specialty food store inWestminster Mall. But a few yearss later, in 1988, he became CHFA’s assistant director of He was promoted to finance directorin 1990. Alexander’s CHFA positiojn and his retail business overlappeduntip 1994, when he sold the food store. Alexandert succeeded David Herlingeras CHFA’s executive director in January 2001.
Herlinger retired the same
Alexander started with CHFA in 1988 as head of itsfinances division, and became executive director in January 2001. “I’m not heading off to a retiremengt community,” Alexander said in a statement. “Several years ago, I determinedc I needed to slow down and reducs the stress level inmy life. But I stillo plan to be active.” CHFA’s board has been preparingb for Alexander’s departure, and already has set up a search committee to findhis replacement. CHFA Chairmanj Joel Rosenstein said, in his own statement, that Alexanded will be missed. “Hwe has been in instrumental in CHFA’ss success,” Rosenstein said.
“We appreciate the strength of the team and organizatiobn heis leaving.” Created by the Colorado Legislature in 1973, CHFA make s loans to low- and moderate-income homebuyers, developerxs of affordable multifamily housing as well as small- and medium-size Milroy “Roy” Alexander grew up on the Caribbeann island nation of Grenada, according to a Leadership Denvef biography. After moving to Denver, Alexanderr earned an accounting degree fromin 1974, subsequentlty becoming finance manager for a Colorado medical instruments maker and a seniot manager at the Denver branchg of the Touche Ross Co. accounting firm.
Touche Ross now is Deloittre Touche Tohmatsu, based in New York. He was acceptedf into the ’s Leadership Denver class for 1985. After leavinfg Touche Ross, Alexander startef a specialty food store inWestminster Mall. But a few yearss later, in 1988, he became CHFA’s assistant director of He was promoted to finance directorin 1990. Alexander’s CHFA positiojn and his retail business overlappeduntip 1994, when he sold the food store. Alexandert succeeded David Herlingeras CHFA’s executive director in January 2001.
Herlinger retired the same
Tuesday 8 November 2011
Sunday 6 November 2011
Bexar County children required to take new vaccinations - Memphis Business Journal:
ramsdenjerrieas54.blogspot.com
Parents are required to add five new immunizationsw for the upcoming school year as a result ofstatw mandates. Metro Health anticipates theses requirements will affect upto 50,0090 students in the San Antonio area. Starting Aug. 1, K-12 studentds will be required to take two dosesz of theVaricella (chickenpox) vaccine. Students entering the 1-6 and 8-12 gradesd must continue to meet the current Entering 7th grade students are required to take the one dose of the meningococcalo vaccine thisschool year.
Students entering the 7th grade must havethe tetanus, diphtheria, acellular pertussis-containingv vaccine if they’ve not had the boostetr within the last five Students entering grades 8 - 12 must have the boostefr shot if they have not had one in the last 10 Kindergarten students statewide are now requirexd to take two doses of hepatities A vaccine. Finally, K-12 students must take two doses of the measlese vaccine and one dose each of the mumpw andrubella vaccine. In addition to the expanded students need to be current on previouslyrequired immunizations.
“These additions to the childhooe immunization schedule will bring us closer in line with CDC recommendationsw and make Texas an even safer environment for vaccinewpreventable diseases,” health director Fernando Guerra says.
Parents are required to add five new immunizationsw for the upcoming school year as a result ofstatw mandates. Metro Health anticipates theses requirements will affect upto 50,0090 students in the San Antonio area. Starting Aug. 1, K-12 studentds will be required to take two dosesz of theVaricella (chickenpox) vaccine. Students entering the 1-6 and 8-12 gradesd must continue to meet the current Entering 7th grade students are required to take the one dose of the meningococcalo vaccine thisschool year.
Students entering the 7th grade must havethe tetanus, diphtheria, acellular pertussis-containingv vaccine if they’ve not had the boostetr within the last five Students entering grades 8 - 12 must have the boostefr shot if they have not had one in the last 10 Kindergarten students statewide are now requirexd to take two doses of hepatities A vaccine. Finally, K-12 students must take two doses of the measlese vaccine and one dose each of the mumpw andrubella vaccine. In addition to the expanded students need to be current on previouslyrequired immunizations.
“These additions to the childhooe immunization schedule will bring us closer in line with CDC recommendationsw and make Texas an even safer environment for vaccinewpreventable diseases,” health director Fernando Guerra says.
Friday 4 November 2011
Washington, D.C. Social Services Jobs - View Washington, D.C. Social Services Jobs
elzeyfirekuut1795.blogspot.com
View Social Services Jobs View ExecutiveJobs D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketinyg Jobs Washington, D.C. Allied Healtj Jobs Washington, D.C. Finance Jobs D.C. Biotechnology Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentaol Jobs Washington, D.C. Food Service Jobs D.C. Government Jobs Washington, D.C. Healthcarer Jobs Washington, D.C. Hospitality Jobs D.C. Hotel Jobs Washington, D.C. Human Resourcezs Jobs Washington, D.C. Insurance Jobs Washington, D.C. Legal Jobs D.C. Media Jobs Washington, D.C. Mortgagw Jobs Washington, D.C. Nursing Jobs Washington, D.C. Pharmaceutical Jobs D.C. Physician Jobs Washington, D.C. Real Estate Jobs D.C.
Restaurant Jobs Washington, D.C. Sales Jobs D.C. Social Services Jobs Washington, D.C. Technology Jobs Washington, D.C. Travep Jobs
View Social Services Jobs View ExecutiveJobs D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketinyg Jobs Washington, D.C. Allied Healtj Jobs Washington, D.C. Finance Jobs D.C. Biotechnology Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentaol Jobs Washington, D.C. Food Service Jobs D.C. Government Jobs Washington, D.C. Healthcarer Jobs Washington, D.C. Hospitality Jobs D.C. Hotel Jobs Washington, D.C. Human Resourcezs Jobs Washington, D.C. Insurance Jobs Washington, D.C. Legal Jobs D.C. Media Jobs Washington, D.C. Mortgagw Jobs Washington, D.C. Nursing Jobs Washington, D.C. Pharmaceutical Jobs D.C. Physician Jobs Washington, D.C. Real Estate Jobs D.C.
Restaurant Jobs Washington, D.C. Sales Jobs D.C. Social Services Jobs Washington, D.C. Technology Jobs Washington, D.C. Travep Jobs
Wednesday 2 November 2011
Houston Routes The Herd 63-28 - West Virginia MetroNews
ogarawo.wordpress.com
West Virginia MetroNews | Houston Routes The Herd 63-28 West Virginia MetroNews Getting into a shootout in Texas is generally not a good idea and Marshall found itself right in the middle of an old west shootout, but didn't have the ammunition to match Houston bullet for bullet as the Cougars kept firing and Marshall and could not ... |
Sunday 30 October 2011
Friday 28 October 2011
Court rejects state's request to expedite voting law challenge - MiamiHerald.com (blog)
http://www.botiguesdeleixample.com/new-insurance-mandates-take-effect-in-wisconsin/
First Coast News | Court rejects state's request to expedite voting law ch » |
Wednesday 26 October 2011
First Bancorp acquires failed bank - Birmingham Business Journal:
epukaq.wordpress.com
All branches of Cooperative are reopening today as branchesa ofFirst Bank, which is based in Troy in Montgomery First Bancorp (Nasdaq: FBNC) will acquire Cooperative’s 21 brancheds in the eastern part of the state plus three Soutn Carolina branches and most of the failed bank’s deposits, borrowings and assets. No depositodr will suffer any losses, First Bank said in an As of May 31, Cooperative had total assets of $970 million and total depositx ofabout $774 million. The acquisition adds $835 million in loans to Firsft Bankand $717 million in deposits, plus liabilitieas of about $873 million.
First Bank is protecteed by a loss-sharing agreement with the FDIC on the acquired loans. With the acquisition, Firs t Bank now has 98 branches in the Triad and other partss of North andSouth Carolina, and a totall of $3.6 billion in assets. Cooperative Bank is the secondc North Carolina bank shuttered this The first, Cape Fear was also based in Wilmington and was closed in The collapse of the real estate marketr and the recession has led to 40 bank failurees nationwide this year.
All branches of Cooperative are reopening today as branchesa ofFirst Bank, which is based in Troy in Montgomery First Bancorp (Nasdaq: FBNC) will acquire Cooperative’s 21 brancheds in the eastern part of the state plus three Soutn Carolina branches and most of the failed bank’s deposits, borrowings and assets. No depositodr will suffer any losses, First Bank said in an As of May 31, Cooperative had total assets of $970 million and total depositx ofabout $774 million. The acquisition adds $835 million in loans to Firsft Bankand $717 million in deposits, plus liabilitieas of about $873 million.
First Bank is protecteed by a loss-sharing agreement with the FDIC on the acquired loans. With the acquisition, Firs t Bank now has 98 branches in the Triad and other partss of North andSouth Carolina, and a totall of $3.6 billion in assets. Cooperative Bank is the secondc North Carolina bank shuttered this The first, Cape Fear was also based in Wilmington and was closed in The collapse of the real estate marketr and the recession has led to 40 bank failurees nationwide this year.
Monday 24 October 2011
Online job vacancies up in May - Denver Business Journal:
ucenyt.wordpress.com
It’s the first time there’s been an increasw since the modest gainof 21,000 in October and the largesrt since October 2006. However, even with the online advertised vacancies remainedcdown 1,152,000, or 25 percent, since last "The May bounce in laborr demand is a very welcomer sign," said Gad Levanon, senior economisg at the Conference Board. "April and May are both monthsw when businesses typically step up their demand for Over the lastfour months, there have been abougt a half-dozen states where the drop in labor demand shows signs of levelinvg off, while a handful of states are showing some moderatwe increases.
The May increase of 76,8000 in the Southern regionh reflected increases in all of thelargest states. Florida is amongt those states where, over the past four months, drops in labor demand have either leveler off or shown small The Sunshine State saw an increasesof 5,700 advertised jobs. Even with the currenyt positive signs, the likely outlook is for unemployment to continudto rise, and employment to fall at more modest levelz throughout the summer, according to
It’s the first time there’s been an increasw since the modest gainof 21,000 in October and the largesrt since October 2006. However, even with the online advertised vacancies remainedcdown 1,152,000, or 25 percent, since last "The May bounce in laborr demand is a very welcomer sign," said Gad Levanon, senior economisg at the Conference Board. "April and May are both monthsw when businesses typically step up their demand for Over the lastfour months, there have been abougt a half-dozen states where the drop in labor demand shows signs of levelinvg off, while a handful of states are showing some moderatwe increases.
The May increase of 76,8000 in the Southern regionh reflected increases in all of thelargest states. Florida is amongt those states where, over the past four months, drops in labor demand have either leveler off or shown small The Sunshine State saw an increasesof 5,700 advertised jobs. Even with the currenyt positive signs, the likely outlook is for unemployment to continudto rise, and employment to fall at more modest levelz throughout the summer, according to
Saturday 22 October 2011
UAE leads way in mobile development: Ericsson - Khaleej Times
ikefageze.blogspot.com
UAE leads way in mobile development: Ericsson Khaleej Times “Operators in the UAE are always striving to offer their customers the very latest in technologies,†Andreas Krenn, director of Ericsson's mobile broadband market development, told Khaleej Times in an interview. He says that the industry's development ... ABI Research: 80 Million LTE Connections Worldwide by 2013 Has Ericsson plateaued in the US? |
Thursday 20 October 2011
Fla. confirms first swine flu death - Jacksonville Business Journal:
xszeyluje.blogspot.com
The laboratory confirmation ofthe boy'sz death is the first in the statse for the strain of swine flu, the Floridwa Department of Health said. Florida has 417 confirmed casea ofthe flu. Surgeon General Dr. Ana Viamonte Ros said in a "While most cases of H1N1 swine flu are there are exceptions like thistragic case. the CDC is reporting 45 deaths associated withswine flu, and as the flu progresses that numbee will unfortunately rise." The department has a surveillance system involving physicians to track the flu and also is monitoring emergenct room cases and over-the-counter drug The department's four labs can all test for the flu.
has place d the alert level for the flu at thepandemifc level, meaning it has widespread global circulation. Wash hands frequently and avoid touchingyour eyes, nose and mouth. Avoidx close contact with people who are coughing or otherwiseappearr ill. Stay home from work or schoolo if you have arespiratory illness. Anyon who thinks he or she has influenza shoulsd calltheir doctor. Meghan Lehner, an attorney with in West Palm said in May that employers are prohibitedx by the from exposing employees to hazardous conditiona and may be required to send infected employeeds home or risk sanctions for OSHA OSHA has posted frequently asked questions on pandemic influenza preparedness and response guidance for health care workers and health care employerxsat http://www.
osha.gov/Publications/influenza_pandemic.html
The laboratory confirmation ofthe boy'sz death is the first in the statse for the strain of swine flu, the Floridwa Department of Health said. Florida has 417 confirmed casea ofthe flu. Surgeon General Dr. Ana Viamonte Ros said in a "While most cases of H1N1 swine flu are there are exceptions like thistragic case. the CDC is reporting 45 deaths associated withswine flu, and as the flu progresses that numbee will unfortunately rise." The department has a surveillance system involving physicians to track the flu and also is monitoring emergenct room cases and over-the-counter drug The department's four labs can all test for the flu.
has place d the alert level for the flu at thepandemifc level, meaning it has widespread global circulation. Wash hands frequently and avoid touchingyour eyes, nose and mouth. Avoidx close contact with people who are coughing or otherwiseappearr ill. Stay home from work or schoolo if you have arespiratory illness. Anyon who thinks he or she has influenza shoulsd calltheir doctor. Meghan Lehner, an attorney with in West Palm said in May that employers are prohibitedx by the from exposing employees to hazardous conditiona and may be required to send infected employeeds home or risk sanctions for OSHA OSHA has posted frequently asked questions on pandemic influenza preparedness and response guidance for health care workers and health care employerxsat http://www.
osha.gov/Publications/influenza_pandemic.html
Monday 17 October 2011
Park is proposed downtown to honor local sisters who wrote 'Happy Birthday' tune - Louisville Courier-Journal
ymekovo.wordpress.com
Park is proposed downtown to honor local sisters who wrote 'Happy Birthday' tune Louisville Courier-Journal Plans are being developed for a park along Fourth Street to honor the Louisville-born sisters who long ago wrote the music to perhaps the world's most frequently sung song â€" “Happy Birthday to You.†Developer Bill Weyland, who heads the group that ... |
Saturday 15 October 2011
CECO Environmental Announces Two New Orders Totaling Approximately $4.7 Million
yfimuna.wordpress.com
Million CINCINNATI, Ohio, June 3 /PRNewswire-FirstCall/ -- CECO Environmental Corp. CECE), a leading provider of air pollution control and industrialventilatiohn systems, announced today that it has received two new orderas totaling approximately $4.7 million. , President and Chiecf Operating Officer, stated, "These orders were secured by two unitx of ourequipment group. They are orders for equipment that will be deliverede to customers in thepower industry." , Chairman and Chiefg Executive Officer, stated, "The larger of the two orders is for equipmen that will be delivered to a customer in Soutj America. We are continuing to build the internationaol component ofour business.
We see great opportunities in the power industryg aroundthe world." CECO Environmental Corp. is North America'es largest independent air pollution control Through itssubsidiaries -- Busch, CECOaire, CECO CECO Abatement Systems, kbd/Technic, Kirk & Blum, H. M. Whit e , Inc., Effox, GMD, Flextor and AVC Specialists -- CECO provides a wide spectrumm of air quality services andproducts including: industrial air filters, environmental monitoring and management services, and air qualityy improvements systems.
CECO is a full-servics provider to the steel, military, automotive, ethanol, aerospace, electric power, semiconductor, chemical, cement, glass, foundry and virtualluy all industrial process For more information onCECO Environmental, please visitg the company's website at . , CECO Environmentalp Corp. Email: This press release may contaij forward-looking statements within the meaning of the Private Securities Litigation Reforjm Actof 1995. All forward-lookiny statements are subject to certain uncertaintiesand assumptions.
These risks and uncertainties, which are more fullyu describedin CECO's Annual and Quarterlyt Reports filed with the Securities and Exchange include changes in market conditions in the industriesx in which the Company Should one or more of thess risks or uncertainties materialize, or shoulsd the assumptions prove incorrect, actual results may vary in materiakl aspects from those currently anticipated. SOURCd CECO Environmental Corp.
Million CINCINNATI, Ohio, June 3 /PRNewswire-FirstCall/ -- CECO Environmental Corp. CECE), a leading provider of air pollution control and industrialventilatiohn systems, announced today that it has received two new orderas totaling approximately $4.7 million. , President and Chiecf Operating Officer, stated, "These orders were secured by two unitx of ourequipment group. They are orders for equipment that will be deliverede to customers in thepower industry." , Chairman and Chiefg Executive Officer, stated, "The larger of the two orders is for equipmen that will be delivered to a customer in Soutj America. We are continuing to build the internationaol component ofour business.
We see great opportunities in the power industryg aroundthe world." CECO Environmental Corp. is North America'es largest independent air pollution control Through itssubsidiaries -- Busch, CECOaire, CECO CECO Abatement Systems, kbd/Technic, Kirk & Blum, H. M. Whit e , Inc., Effox, GMD, Flextor and AVC Specialists -- CECO provides a wide spectrumm of air quality services andproducts including: industrial air filters, environmental monitoring and management services, and air qualityy improvements systems.
CECO is a full-servics provider to the steel, military, automotive, ethanol, aerospace, electric power, semiconductor, chemical, cement, glass, foundry and virtualluy all industrial process For more information onCECO Environmental, please visitg the company's website at . , CECO Environmentalp Corp. Email: This press release may contaij forward-looking statements within the meaning of the Private Securities Litigation Reforjm Actof 1995. All forward-lookiny statements are subject to certain uncertaintiesand assumptions.
These risks and uncertainties, which are more fullyu describedin CECO's Annual and Quarterlyt Reports filed with the Securities and Exchange include changes in market conditions in the industriesx in which the Company Should one or more of thess risks or uncertainties materialize, or shoulsd the assumptions prove incorrect, actual results may vary in materiakl aspects from those currently anticipated. SOURCd CECO Environmental Corp.
Thursday 13 October 2011
House panel eyes Bernanke
http://tdscompany.it/prodotti.php?idmarca=12
The Associated Press reports. The news comes less than a week beforew Bernanke is set to testify before the Housr Committee on Oversight andGovernmenr Reform. Last week, BofA CEO Kennetbh Lewis testified before the same committee that governmen t officials pressured him to acquire the troubled brokerage late last year in an effory to savethe U.S. The hearing focused on federal officials’ role in BofA’ purchase of Merrill Lynch. Charlotte, N.C.-based BofA BAC) bought Merrill on Jan. 1 for $29.1 billion. The deal resultede in BofA’s receiving an additional $20 billion in federal fundsx under the Troubled Asset Relief BofA has received a totalof $45 billion in TARP funds.
Lewis has been undee intense pressure from BofA shareholders for not disclosing the depthbof Merrill’s financial difficulties before the Merrill lost $15.3 billion in the fourtyh quarter. Lawmakers questioned Lewis on reportas he felt pressured by federal authorities, including Bernanke and then-Treasury Secretary Henr y Paulson, to go aheae with the deal as Merrill’s losses mounted. Lewis testifiedr that BofA contacted officials atthe U.S.
Treasuruy and Federal Reserve in mid-December to inform them that thebank “haxd serious concerns about closing the BofA, he said, was considering declaring a “material adverse change,” which can allow an acquire to back out of a proposed deal. Lewis testifies that Paulson toldhim BofA’s management “would or could” be removedd if the bank backed out of the When lawmakers pressed him on the alleged threats by Lewis said both parties were concerner about making the best decisions for the healthb of the U.S. economy and BofA. He explainesd that a decision that would harm the economy would also harm BofA because of its massive sizeand breadth.
Lewizs testified that he wasn’t intimidated by the threat of losinfg his job but bythe “seriousness of the and the ramifications on the overalll economy had an influence on his “Just six months later, it is easy to forgetr just how close to the brin our system came,” he “I will never forget.”
The Associated Press reports. The news comes less than a week beforew Bernanke is set to testify before the Housr Committee on Oversight andGovernmenr Reform. Last week, BofA CEO Kennetbh Lewis testified before the same committee that governmen t officials pressured him to acquire the troubled brokerage late last year in an effory to savethe U.S. The hearing focused on federal officials’ role in BofA’ purchase of Merrill Lynch. Charlotte, N.C.-based BofA BAC) bought Merrill on Jan. 1 for $29.1 billion. The deal resultede in BofA’s receiving an additional $20 billion in federal fundsx under the Troubled Asset Relief BofA has received a totalof $45 billion in TARP funds.
Lewis has been undee intense pressure from BofA shareholders for not disclosing the depthbof Merrill’s financial difficulties before the Merrill lost $15.3 billion in the fourtyh quarter. Lawmakers questioned Lewis on reportas he felt pressured by federal authorities, including Bernanke and then-Treasury Secretary Henr y Paulson, to go aheae with the deal as Merrill’s losses mounted. Lewis testifiedr that BofA contacted officials atthe U.S.
Treasuruy and Federal Reserve in mid-December to inform them that thebank “haxd serious concerns about closing the BofA, he said, was considering declaring a “material adverse change,” which can allow an acquire to back out of a proposed deal. Lewis testifies that Paulson toldhim BofA’s management “would or could” be removedd if the bank backed out of the When lawmakers pressed him on the alleged threats by Lewis said both parties were concerner about making the best decisions for the healthb of the U.S. economy and BofA. He explainesd that a decision that would harm the economy would also harm BofA because of its massive sizeand breadth.
Lewizs testified that he wasn’t intimidated by the threat of losinfg his job but bythe “seriousness of the and the ramifications on the overalll economy had an influence on his “Just six months later, it is easy to forgetr just how close to the brin our system came,” he “I will never forget.”
Tuesday 11 October 2011
Woodland Corporate Center building gets LEED gold certification - Tampa Bay Business Journal:
axilecyqih.wordpress.com
The building, which opened earlty last year, was designed and built to meet the seconsd highest ranking ofthe Council’s Leadershilp in Energy and Environmental Design. was the generall contractor. Liberty Property Trust Vice Presiden t Jody Johnston estimates the cost of building to green standarda added an additional 5 percent to the overall development but that will be more than offset by loweeenergy costs. Special features includew showers and lockers for workers who need to wash or chang clothes after they bike or jog to A deck made of recycled plastic borders the back of the overlooking a wetlands area thatprovideds shade.
Landscaping incorporates drought-resistant plante native to Florida. A whiter reflective roof deflectsthe sun. Bins for recycling are placed near trash bins for Restroom urinals conserve water by relying on gravity and a filtert insteadof water. That featurse is expected to save 360,009 gallons annually since each urinal uses anestimated 40,000 gallonw annually, Johnston said. Grass surroundingf the parking lot soaksup rainwater. And Flexi-pave, a recycler rubber, was used instead of asphalt around the larger oak trees that linethe lots. The porouss rubber allows water to soak intothe ground.
The located at 4631 Woodland receivedthe “Office Building of the Award from the Tampa Bay Chapter of the and the “Greenj Building Design Award” from the Hillsborough City-Count y Planning Commission in Liberty (NYSE: LRY) has developed and leased 19 buildingzs with nearly 1 million squarew feet of space in the park sincre 1996. Key park tenants include , Travelers, Travel and .
The building, which opened earlty last year, was designed and built to meet the seconsd highest ranking ofthe Council’s Leadershilp in Energy and Environmental Design. was the generall contractor. Liberty Property Trust Vice Presiden t Jody Johnston estimates the cost of building to green standarda added an additional 5 percent to the overall development but that will be more than offset by loweeenergy costs. Special features includew showers and lockers for workers who need to wash or chang clothes after they bike or jog to A deck made of recycled plastic borders the back of the overlooking a wetlands area thatprovideds shade.
Landscaping incorporates drought-resistant plante native to Florida. A whiter reflective roof deflectsthe sun. Bins for recycling are placed near trash bins for Restroom urinals conserve water by relying on gravity and a filtert insteadof water. That featurse is expected to save 360,009 gallons annually since each urinal uses anestimated 40,000 gallonw annually, Johnston said. Grass surroundingf the parking lot soaksup rainwater. And Flexi-pave, a recycler rubber, was used instead of asphalt around the larger oak trees that linethe lots. The porouss rubber allows water to soak intothe ground.
The located at 4631 Woodland receivedthe “Office Building of the Award from the Tampa Bay Chapter of the and the “Greenj Building Design Award” from the Hillsborough City-Count y Planning Commission in Liberty (NYSE: LRY) has developed and leased 19 buildingzs with nearly 1 million squarew feet of space in the park sincre 1996. Key park tenants include , Travelers, Travel and .
Sunday 9 October 2011
US officials expecting $1.3 trillion deficit in '11 - Boston Globe
tower-tennesseea.blogspot.com
Washington Times | US officials expecting $1.3 trillion deficit in '11 Boston Globe AP / October 8, 2011 WASHINGTON - A government report released yesterday predicts that the federal budget hit a near-record $1.3 trillion in the just-completed fiscal year. The figure matches last year's deficit t » |
Friday 7 October 2011
Vermont Wetness Continues - BurlingtonFreePress.com (blog)
http://shortridgehouse.com/kansas-travel-back-in-time.html
BurlingtonFreePress.com (blog) | Vermont Wetness Continues BurlingtonFreePress.com (blog) It continues to be an amazingly wet year in Vermont, as is obvious to the thousands of people who've suffered flood damage, and the many thousands more who feel like they live in a perpetual mushroom farm. Outdoor diners are caught in a sudden downpour ... |
Tuesday 4 October 2011
Barrios resigning from BCBS Foundation - Boston Business Journal:
zycibyp.wordpress.com
Barrios, a former state senator from Mass., was named president of the Blue Crossx Blue Shield of Massachusetts Foundationin 2007. During his the foundation launched programs including CareBeyoncd Coverage, designed to identify non-insurance relatede barriers to health care access. “Jarret t has been a strongv leader for the foundation in this transition periocd from the enactment of healtj care reform in 2006 to the present wherd we continue to work to find ways to expanx access to health care forthe commonwealth’s low-incomre and vulnerable populations,” said Philip W.
Johnston, chairman of the Blue Crossz Blue Shield of Massachusetts in a prepared written Barrios was the first Latino state senator in Massachusetts. He also was one of the state'w few openly gay lawmakers. Barrios also previouslty served as a member of the Massachusetts Housdeof Representatives.
Barrios, a former state senator from Mass., was named president of the Blue Crossx Blue Shield of Massachusetts Foundationin 2007. During his the foundation launched programs including CareBeyoncd Coverage, designed to identify non-insurance relatede barriers to health care access. “Jarret t has been a strongv leader for the foundation in this transition periocd from the enactment of healtj care reform in 2006 to the present wherd we continue to work to find ways to expanx access to health care forthe commonwealth’s low-incomre and vulnerable populations,” said Philip W.
Johnston, chairman of the Blue Crossz Blue Shield of Massachusetts in a prepared written Barrios was the first Latino state senator in Massachusetts. He also was one of the state'w few openly gay lawmakers. Barrios also previouslty served as a member of the Massachusetts Housdeof Representatives.
Sunday 2 October 2011
Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Atlanta Business Chronicle:
gault-rickettsias.blogspot.com
NHL court filings with the U.S Bankruptcy Court handlingv the Coyotes Chapter 11 bankruptcy protection include a list of possiblre owners that would keep the team in They include: Howard Sokolowski and Davie Cynamon, owners of the Canadian Footbal League's Toronto Argonauts; Chicago White Sox owner Jerry Coyotes minority owner John and an unnamed Phoenix-areq business executive as possible Research in Motion CEO Jim Balsillie already has a $213 milliom offer on the table for the Coyoteds and would move the team to Ontario. The Coyotes have lost $316 million since movinbg to the Phoenix marketfrom Canada, in 1996.
Balsillie's offer is expectefd to be substantially greater than any offer to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionair who has made offers for otherNHL teams. The NHL also got more legalp back up Fridayfrom , the and National Basketball Assocation. The professional sportas leagues argue in court filings that they should have control overfranchises sales, moves and relocation in order to maintain the economivc viability of their operations. The NHL opposes Balsillie's efforf to move the Phoenix franchiswe backto Canada.
Coyotes ownere Jerry Moyes also said in June 5 courtf filings thata $100 miliobn cash infusion he has put into the team should be treateed as a debt the hockety team's reorganization should reimburse him for. Moyes wantws to sell the Coyotes to Balsillide who contends hockey is not financially viableein Glendale. Moyes' court filingsz also downplayeda $750 million lease penalty the city of Glendale could file for if the Coyotes breakj their 30-year lease at Jobing.com Arena. Moyes and Balsillie want the bankruptcyy court to discharge the lease as part ofthe team's Chapter 11.
NHL court filings with the U.S Bankruptcy Court handlingv the Coyotes Chapter 11 bankruptcy protection include a list of possiblre owners that would keep the team in They include: Howard Sokolowski and Davie Cynamon, owners of the Canadian Footbal League's Toronto Argonauts; Chicago White Sox owner Jerry Coyotes minority owner John and an unnamed Phoenix-areq business executive as possible Research in Motion CEO Jim Balsillie already has a $213 milliom offer on the table for the Coyoteds and would move the team to Ontario. The Coyotes have lost $316 million since movinbg to the Phoenix marketfrom Canada, in 1996.
Balsillie's offer is expectefd to be substantially greater than any offer to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionair who has made offers for otherNHL teams. The NHL also got more legalp back up Fridayfrom , the and National Basketball Assocation. The professional sportas leagues argue in court filings that they should have control overfranchises sales, moves and relocation in order to maintain the economivc viability of their operations. The NHL opposes Balsillie's efforf to move the Phoenix franchiswe backto Canada.
Coyotes ownere Jerry Moyes also said in June 5 courtf filings thata $100 miliobn cash infusion he has put into the team should be treateed as a debt the hockety team's reorganization should reimburse him for. Moyes wantws to sell the Coyotes to Balsillide who contends hockey is not financially viableein Glendale. Moyes' court filingsz also downplayeda $750 million lease penalty the city of Glendale could file for if the Coyotes breakj their 30-year lease at Jobing.com Arena. Moyes and Balsillie want the bankruptcyy court to discharge the lease as part ofthe team's Chapter 11.
Friday 30 September 2011
US Economy Grew at a Revised 1.3% Pace in Second Quarter - BusinessWeek
raisavydyexuwowi.blogspot.com
RTT News | US Economy Grew at a Revised 1.3% Pace in Second Quarter BusinessWeek 29 (Bloomberg) -- The US economy grew at a 1.3 percent pace in the second quarter, faster than estimated last month and helped by exports and spending on services. The revised rise in gross domestic product compares with a 1 percent gain previously ... Economy grew at weak 1.3 pct. rate in April-June period; slight improvement ... Economy Grew at Weak 1.3% Annual Rate U.S. Economy Grew Faster Than Previously Estimated In Q2 |
Wednesday 28 September 2011
Restraints for violent juveniles to be focus of meeting - Tulsa World
ufysyho.wordpress.com
kjrh.com | Restraints for violent juveniles to be focus of meeting Tulsa World The board will discuss seeking changes to a landmark court case, the so-c » |
Monday 26 September 2011
Credit card processing company grows business by evolving strategy - Boston Business Journal:
ocybakenos.wordpress.com
Henry Helgeson and Scotty Zdanis established the company in 1998 as a reselledr of credit card processing terminals overthe Internet. To a smallefr extent the company provided processing of crediftcard transactions. But as margin compression made equipment salesless profitable, the partners responded by ramping up processing Today, its processing services constitute 90 percent of its totall gross revenue, while equipment and software sales are 10 Business has been so brisok — it signed up 2,300 new customersw in April alone — that the companyg is planning to increase its salesw force by 30 percent or 40 percen t within the next 60 days.
“We basically are getting more businesse trying to signup (for our than we have the capacity for, and we’rde trying to staff up for that as quickly as says Helgeson, 34, who serves as president and co-CEO. Co-founder Zdanis has sincwe moved to Miami and plays a less active role in the Merchant Warehouse acts asa third-party facilitating payment transactions between merchantsa and credit card issuers, essentially by getting moneyy off of the consumer’s credit card and into the business’x bank account. Its residual-based business model makee money by charging for that services oneach transaction.
Since its inception, the 150-employee companty estimates serving a cumulative total of morethan 87,000 customers nationwide — primarily small and medium-size about 56,000 are active accounts right now, with most of the attritio due to companies going out of business, Helgesonh notes. Today, Merchant Warehouse is processinhg morethan 3.5 million payment transactionas per month. After hitting $27.3 million in revenue in 2008, the company is shooting for $32 million to $34 million this year. Helgeson says Merchangt Warehouse has also benefited by becoming more ofa technology-drivejn company.
“When we started to hire our own softwarde developers and build our own as far as computer systems and technologyu to run this that really put us intoa hyper-growthj mode,” he says. Five yearss ago, the company hired its firsft software developer. It subsequently built its own sophisticated customer relationshiop managementsystem in-house that has enabledr the company to better measuree the performance of its accountzs and staff. And 18 months ago, it completef the development of the necessary infrastructure to beginn processing some transactions through its own electronic gateway herein Boston.
It continues to utilize thre e large outside firms to assist in processinb the bulk of the The company also works with a pool of aboutr100 point-of-sale system resellers, who often refere business to Merchant Warehouse. The company has also used technologty to innovate its servicesw in an industry where Helgeson says the competitionis “Our industry has been pretty much plain, vanillaz credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiatd ourselves?
’ ” For instance, it offers wireless credi t card processing services to iPhone and BlackBerry user who have installed its software applicationzs on their PDAs. Those mobilre merchants now represent 10 percentg to 15 percent ofthe company’xs new accounts. It has also partnered with anothet company, , to develoop a card reader that encrypte the credit card number as it is being swiped to help prevenfsecurity breaches. “They’re a very impressive says Steve Parks, vice president of , an Atlanta-baseds firm that Merchant Warehouse has engaged for some of its processinfg services formany years.
He attributea the firm’s growth to “some very shrewd investments in technology and beiny ahead of the curve in terms of technology and how to use it to drivetraffic (to their business), and training theid sales reps to capitalize on that
Henry Helgeson and Scotty Zdanis established the company in 1998 as a reselledr of credit card processing terminals overthe Internet. To a smallefr extent the company provided processing of crediftcard transactions. But as margin compression made equipment salesless profitable, the partners responded by ramping up processing Today, its processing services constitute 90 percent of its totall gross revenue, while equipment and software sales are 10 Business has been so brisok — it signed up 2,300 new customersw in April alone — that the companyg is planning to increase its salesw force by 30 percent or 40 percen t within the next 60 days.
“We basically are getting more businesse trying to signup (for our than we have the capacity for, and we’rde trying to staff up for that as quickly as says Helgeson, 34, who serves as president and co-CEO. Co-founder Zdanis has sincwe moved to Miami and plays a less active role in the Merchant Warehouse acts asa third-party facilitating payment transactions between merchantsa and credit card issuers, essentially by getting moneyy off of the consumer’s credit card and into the business’x bank account. Its residual-based business model makee money by charging for that services oneach transaction.
Since its inception, the 150-employee companty estimates serving a cumulative total of morethan 87,000 customers nationwide — primarily small and medium-size about 56,000 are active accounts right now, with most of the attritio due to companies going out of business, Helgesonh notes. Today, Merchant Warehouse is processinhg morethan 3.5 million payment transactionas per month. After hitting $27.3 million in revenue in 2008, the company is shooting for $32 million to $34 million this year. Helgeson says Merchangt Warehouse has also benefited by becoming more ofa technology-drivejn company.
“When we started to hire our own softwarde developers and build our own as far as computer systems and technologyu to run this that really put us intoa hyper-growthj mode,” he says. Five yearss ago, the company hired its firsft software developer. It subsequently built its own sophisticated customer relationshiop managementsystem in-house that has enabledr the company to better measuree the performance of its accountzs and staff. And 18 months ago, it completef the development of the necessary infrastructure to beginn processing some transactions through its own electronic gateway herein Boston.
It continues to utilize thre e large outside firms to assist in processinb the bulk of the The company also works with a pool of aboutr100 point-of-sale system resellers, who often refere business to Merchant Warehouse. The company has also used technologty to innovate its servicesw in an industry where Helgeson says the competitionis “Our industry has been pretty much plain, vanillaz credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiatd ourselves?
’ ” For instance, it offers wireless credi t card processing services to iPhone and BlackBerry user who have installed its software applicationzs on their PDAs. Those mobilre merchants now represent 10 percentg to 15 percent ofthe company’xs new accounts. It has also partnered with anothet company, , to develoop a card reader that encrypte the credit card number as it is being swiped to help prevenfsecurity breaches. “They’re a very impressive says Steve Parks, vice president of , an Atlanta-baseds firm that Merchant Warehouse has engaged for some of its processinfg services formany years.
He attributea the firm’s growth to “some very shrewd investments in technology and beiny ahead of the curve in terms of technology and how to use it to drivetraffic (to their business), and training theid sales reps to capitalize on that
Saturday 24 September 2011
Akerman Senterfitt and Urban Land Institute to Address Growth Management Changes in Florida
hihozeima.blogspot.com
Intended to streamline Florida's real estate developmentg andconcurrency processes, the amendments will have important implicationas for pending real estate and development projectr proposals and may provide significant relief to existingv development projects. At the same this new legislation poses implementatio n issues for local governments and coulc affect funding sources forcapital improvements. Akermanm Senterfitt, one of Florida's largest law firms, in partnershiop with the Urban Land Institute will host a series of seminarstitled Florida'd Newest Growth Management Legislation - The Community Renewalo Act: What does it really mean?
to providre a thoughtful and detailed analysis of how this new legislation will affecrt Florida communities. Recognized by Chambers & Partners and Legal 500 US as a leading real estate and land use law firmin Akerman's lawyers are keenly aware of how thess provisions will impact growth management throughout the state. "These amendmentsx are a game-changer for the pattern of developmen inthis state," said , Chairr of Akerman's Land Use and Entitlements practicre and ULI Trustee. "This law also has implications for currentlgy stalled projects and encourages infill development in areaas best suitedfor growth.
" Kasdi n added, "There are legitimate questions raiseds by this bill and these seminars will exploree the underlying issues and the potential long-terk impact of this new legislation." The events will take placd at the Home Builders Association of Metro Orlando in Maitland, FL from 8:30 a.m. to 10:30 a.m. on June 16th and at Akerman'sa Miami office from 8:00 a.m. to 10:090 a.m. on Thursday, June 18th. For event registration, please visit . Akerman has more than 140 lawyers who focuxs on the needs of real estate and infrastructurwclients worldwide.
The team offerz experience in complex realestatew transactions, development and redevelopment projects, economi c development incentives, public-private initiatives and litigation Akerman lawyers manage the legal aspecta of large land deals and major construction assist developers in meeting environmental regulationds and green building conceptualize and obtain development advise on all aspects of transactional including leasing, acquisitions, sales, financings and workoutz and restructurings, and represent clients in disputesx and litigation. Akerman is ranked amongt the top 100 law firmsx inthe U.S.
by The National Law Journal NLJ 250 in number of lawyers and is the dominant Florida We are not only one of the largest in but we are also recognize d market leaders in issues ofnational significance. Comprised of more than 500 lawyerz and governmentaffairs professionals, Akermanm serves clients from 13 locations, including New York, Los Denver, Tysons Corner, and Washington, D.C. The Urban Land Institutee ( ) is a nonprofit educationh and research institute supported byits members. Its mission is to provide leadership in the responsibler use of land and in creating and sustainingh thrivingcommunities worldwide.
Established in the Institute has morethan 36,000 members representiny all aspects of the land use and developmenr disciplines. Contact: Bradley Wray RF|Binder Partners, Inc. (212) 994-759w2 bradley.wray@rfbinder.com Patrick Tucker RF|Binder Partners, Inc. (212) 994-7592 Patrick.tucker@rfbinder.comn
Intended to streamline Florida's real estate developmentg andconcurrency processes, the amendments will have important implicationas for pending real estate and development projectr proposals and may provide significant relief to existingv development projects. At the same this new legislation poses implementatio n issues for local governments and coulc affect funding sources forcapital improvements. Akermanm Senterfitt, one of Florida's largest law firms, in partnershiop with the Urban Land Institute will host a series of seminarstitled Florida'd Newest Growth Management Legislation - The Community Renewalo Act: What does it really mean?
to providre a thoughtful and detailed analysis of how this new legislation will affecrt Florida communities. Recognized by Chambers & Partners and Legal 500 US as a leading real estate and land use law firmin Akerman's lawyers are keenly aware of how thess provisions will impact growth management throughout the state. "These amendmentsx are a game-changer for the pattern of developmen inthis state," said , Chairr of Akerman's Land Use and Entitlements practicre and ULI Trustee. "This law also has implications for currentlgy stalled projects and encourages infill development in areaas best suitedfor growth.
" Kasdi n added, "There are legitimate questions raiseds by this bill and these seminars will exploree the underlying issues and the potential long-terk impact of this new legislation." The events will take placd at the Home Builders Association of Metro Orlando in Maitland, FL from 8:30 a.m. to 10:30 a.m. on June 16th and at Akerman'sa Miami office from 8:00 a.m. to 10:090 a.m. on Thursday, June 18th. For event registration, please visit . Akerman has more than 140 lawyers who focuxs on the needs of real estate and infrastructurwclients worldwide.
The team offerz experience in complex realestatew transactions, development and redevelopment projects, economi c development incentives, public-private initiatives and litigation Akerman lawyers manage the legal aspecta of large land deals and major construction assist developers in meeting environmental regulationds and green building conceptualize and obtain development advise on all aspects of transactional including leasing, acquisitions, sales, financings and workoutz and restructurings, and represent clients in disputesx and litigation. Akerman is ranked amongt the top 100 law firmsx inthe U.S.
by The National Law Journal NLJ 250 in number of lawyers and is the dominant Florida We are not only one of the largest in but we are also recognize d market leaders in issues ofnational significance. Comprised of more than 500 lawyerz and governmentaffairs professionals, Akermanm serves clients from 13 locations, including New York, Los Denver, Tysons Corner, and Washington, D.C. The Urban Land Institutee ( ) is a nonprofit educationh and research institute supported byits members. Its mission is to provide leadership in the responsibler use of land and in creating and sustainingh thrivingcommunities worldwide.
Established in the Institute has morethan 36,000 members representiny all aspects of the land use and developmenr disciplines. Contact: Bradley Wray RF|Binder Partners, Inc. (212) 994-759w2 bradley.wray@rfbinder.com Patrick Tucker RF|Binder Partners, Inc. (212) 994-7592 Patrick.tucker@rfbinder.comn
Thursday 22 September 2011
Adams
tosece.blogspot.com
RealtyTrac records indicate that a notice ofa trustee’w sale has been fileed on homes matching the description of Adams’ North Portland Kenton neighborhoodr homes. The notice indicates that the homese will be put upfor auction. , which brok the story, noted that Adams’ lende r has filed a “notice of default,” meaning he’s defaultesd on his loan agreement with his Adams told thepaper he’s catchinfg up on his mortgage after paying legal bills. The housea that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triple x at 2031 N. McClellan.
Adams, who makesw $118,144 yearly, is facing an impending recall, scheduled to kick off in earlyy July, after admitting he had a sexuak relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexualo relationship beganafter Breedlove’x 18th birthday. Oregon’s attornegy general is investigating whether Adamd didanything improper. The mayor conceded that he lied aboufwhether he’d had sex with Breedlove when a politica opponent first made the charge during the 2008 primary campaigbn season.
RealtyTrac records indicate that a notice ofa trustee’w sale has been fileed on homes matching the description of Adams’ North Portland Kenton neighborhoodr homes. The notice indicates that the homese will be put upfor auction. , which brok the story, noted that Adams’ lende r has filed a “notice of default,” meaning he’s defaultesd on his loan agreement with his Adams told thepaper he’s catchinfg up on his mortgage after paying legal bills. The housea that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triple x at 2031 N. McClellan.
Adams, who makesw $118,144 yearly, is facing an impending recall, scheduled to kick off in earlyy July, after admitting he had a sexuak relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexualo relationship beganafter Breedlove’x 18th birthday. Oregon’s attornegy general is investigating whether Adamd didanything improper. The mayor conceded that he lied aboufwhether he’d had sex with Breedlove when a politica opponent first made the charge during the 2008 primary campaigbn season.
Tuesday 20 September 2011
As Homeowners Dive Into Pool Of Flood Insurance, Caveats Abound - Wall Street Journal
onesawava.wordpress.com
As Homeowners Dive Into Pool Of Flood Insurance, Caveats Abound Wall Street Journal The recent weeks of tropical storms and other wet weather have pushed a new wave of homeowners into the market for flood insurance. What they are finding, however, are policies better suited to Tampa, Fla., than Teaneck, ... |
Saturday 17 September 2011
Hudson's 8 sharp innings, Jones' late single lead Braves over Mets 1-0 - Washington Post
edovogopu.wordpress.com
Globe and Mail | Hudson's 8 sharp innings, Jones' late single lead Braves over Mets 1-0 Washington Post Hudson struck out 10 and Chipper Jones hit an RBI single in the eighth inning as the Braves beat New York 1-0 Saturday. The win moved the Braves 4½ games ahead of St. Louis for the wild card. The Cardinals lost 9-2 to Philadelphia, which clinched the ... Chipper Jones: Jones has go-ahead single in win over Mets Braves nip Mets behind Jones and Hudson Mets vs. Braves: Chipper Jones has decisive hit in 1-0 loss to Atlanta |
Thursday 15 September 2011
Baltimore Examiner to fold after failing to land buyer - Baltimore Business Journal:
valvookimakaj1362.blogspot.com
The last edition will hit newsstands Feb. 15. The Baltimorw Examiner’s 90 employees will be laid off, spokesmanb Jim Monaghan said. Its Denver publisher, , had been lookinvg for a buyer forseveral months. The newspaper’s proximityg to the Washington asister publication, made it difficult to garner enough revenue on its own, the compan said in a statement. “It is not possibld to maintain two major dailt newspapers withina 50-mile distance and do justicse to both publications,” Clarity CEO Ryan McKibbenm said in a statement. Clarity will invest in its onlines operations and in the Washington Examinerand .
Thoswe newspapers are located in top 10consumerd markets, which make it easier to bringh in national advertising buys, Monaghan said. With all eyes on the nation’ s capital with the election of PresidentgBarack Obama, Washington in particular is attracting national he said. The Baltimore Examiner launches when the housing and retail industries were strong enoughj to support asecond newspaper. Newspapert officials said they were offering an alternative businesse model tothe . The free newspaped was deliveredto targeted, high-income neighborhoods. At that time, it boasted that its deliverg to 250,000 households gave it a largerr reach than theBaltimore Sun.
But the newspaper stoppede delivering daily last year and the economyu hascrippled retail, housing and automotive firms that are stalwarf daily newspaper advertisers. The Baltimore Examiner’s closure is the latest sign of how the economy is crushing dailymetropolitan newspapers. The news of the shutdownn comes just two days after the parent company of the Capitaol newspaper in Annapolis said it is slashinbg 111 jobs in response to declininyg advertising revenue and aweak economy. Last the parent company of the Baltimore Sun fileed Chapter11 bankruptcy. Nationally, the recession’s impacr on newspapers is evidentas well.
has put the Seattle Post-Intelligencer up for sale and has said it will shut down or go onlins if it does not finda buyer. In the 100-year-old Christian Science Monitor will go entirely online and stop itsprinyt edition. The closure shocked one BaltimoreExaminer advertiser. In when the gave the news to Alex general sales manager of in he thought it wasa joke. Nowak was supposed to meet with his salews representative from the Examiner Thursday morning when she canceled due toan “emergenchy meeting,” he said. “I likee their paper,” he “When I got it at home, I lovex getting it.
” Nowak said he’ll probably take his advertising to Web sitezlike Cars.com and Autotrader.com. “I don’t see people readint newspapers to getcar deals,” he said. Print mediz is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton wasless “Given what’s happened to advertisinb this year, it shouldn’tr come as a surprise,” Morton said of the shutdown. Operatinv a newspaper so close to Washington may have workecd out had it not been for the sour he said.
“Going up against the recession probablh made the whole thing untenable for Losing the newspaper will make it more difficult for media buyerx to negotiate good deals on behalf of their saidMichele Selby, executivs vice president of Ltd. in Owinges Mills. Media Works bought ads in the newspapedr on behalf of clients andthe . But media buyers started getting concerned aboutthe newspaper’s futurer last year when the Baltimorde Examiner said it would deliver only two days a week. Knowing that your ads would reach upscale homes had beenthe paper’ss competitive advantage. “That’s the sweet spot for them,” Selby said.
The owner of Bohemer Café, located in the Baltimord Examiner building’s lobby, said she was sad to hear the news abourt some of herloyal customers. “We’red friendly with a lot of them,” said Marths Lucius, referring to Baltimore Examiner employees. “It’s not goint to be easy parting.” Clarity is owned by Denver billionairdPhilip Anschutz, the founder of telecommunications firm , whosew business empire spans professional sports teamss and movie theaters.
The last edition will hit newsstands Feb. 15. The Baltimorw Examiner’s 90 employees will be laid off, spokesmanb Jim Monaghan said. Its Denver publisher, , had been lookinvg for a buyer forseveral months. The newspaper’s proximityg to the Washington asister publication, made it difficult to garner enough revenue on its own, the compan said in a statement. “It is not possibld to maintain two major dailt newspapers withina 50-mile distance and do justicse to both publications,” Clarity CEO Ryan McKibbenm said in a statement. Clarity will invest in its onlines operations and in the Washington Examinerand .
Thoswe newspapers are located in top 10consumerd markets, which make it easier to bringh in national advertising buys, Monaghan said. With all eyes on the nation’ s capital with the election of PresidentgBarack Obama, Washington in particular is attracting national he said. The Baltimore Examiner launches when the housing and retail industries were strong enoughj to support asecond newspaper. Newspapert officials said they were offering an alternative businesse model tothe . The free newspaped was deliveredto targeted, high-income neighborhoods. At that time, it boasted that its deliverg to 250,000 households gave it a largerr reach than theBaltimore Sun.
But the newspaper stoppede delivering daily last year and the economyu hascrippled retail, housing and automotive firms that are stalwarf daily newspaper advertisers. The Baltimore Examiner’s closure is the latest sign of how the economy is crushing dailymetropolitan newspapers. The news of the shutdownn comes just two days after the parent company of the Capitaol newspaper in Annapolis said it is slashinbg 111 jobs in response to declininyg advertising revenue and aweak economy. Last the parent company of the Baltimore Sun fileed Chapter11 bankruptcy. Nationally, the recession’s impacr on newspapers is evidentas well.
has put the Seattle Post-Intelligencer up for sale and has said it will shut down or go onlins if it does not finda buyer. In the 100-year-old Christian Science Monitor will go entirely online and stop itsprinyt edition. The closure shocked one BaltimoreExaminer advertiser. In when the gave the news to Alex general sales manager of in he thought it wasa joke. Nowak was supposed to meet with his salews representative from the Examiner Thursday morning when she canceled due toan “emergenchy meeting,” he said. “I likee their paper,” he “When I got it at home, I lovex getting it.
” Nowak said he’ll probably take his advertising to Web sitezlike Cars.com and Autotrader.com. “I don’t see people readint newspapers to getcar deals,” he said. Print mediz is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton wasless “Given what’s happened to advertisinb this year, it shouldn’tr come as a surprise,” Morton said of the shutdown. Operatinv a newspaper so close to Washington may have workecd out had it not been for the sour he said.
“Going up against the recession probablh made the whole thing untenable for Losing the newspaper will make it more difficult for media buyerx to negotiate good deals on behalf of their saidMichele Selby, executivs vice president of Ltd. in Owinges Mills. Media Works bought ads in the newspapedr on behalf of clients andthe . But media buyers started getting concerned aboutthe newspaper’s futurer last year when the Baltimorde Examiner said it would deliver only two days a week. Knowing that your ads would reach upscale homes had beenthe paper’ss competitive advantage. “That’s the sweet spot for them,” Selby said.
The owner of Bohemer Café, located in the Baltimord Examiner building’s lobby, said she was sad to hear the news abourt some of herloyal customers. “We’red friendly with a lot of them,” said Marths Lucius, referring to Baltimore Examiner employees. “It’s not goint to be easy parting.” Clarity is owned by Denver billionairdPhilip Anschutz, the founder of telecommunications firm , whosew business empire spans professional sports teamss and movie theaters.
Tuesday 13 September 2011
Siemens Enterprise Communications Breaks Architectural Barrier to Deliver ... - MarketWatch (press release)
hundleyobajoji1908.blogspot.com
Siemens Enterprise Communications Breaks Architectural Barrier to Deliver ... MarketWatch (press release) OpenScape Desktop Videoconferencing is an embedded software-based, multi-party enterprise videoconferencing capability within the new version of OpenScape UC Suite. Delivered as a standard feature of OpenScape UC Application, OpenScape Desktop ... | !
Sunday 11 September 2011
Danac gets good news from Montgomery County Planning Board - Jacksonville Business Journal:
fugowirik.wordpress.com
The Bethesda-based developer's 26-acre office park in the Shady Grove Life Sciences Center is currently approveddfor 669,538 square feet of density and the campusx currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planningb Board decided to recommend in its draft Gaithersburgy West Master Plan that the property be developed with up to twic e asmuch density, or contain up to 1.34 million square feet of office, retail and residential The southwest corner of the land currentlyg includes a 272,000-square-foot, three-building complex that houses software and pharmaceuticapl tenants.
The north side of the property contains the Metropolitaj RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac's Corridorr Cities Transitway stop be located at or near its northeastern corner, near the intersectionm of Diamondback Drive and Decoverly Drive. That is good news for Danac, sincer the board had left out the stop inearlierd drafts. The transit stop near the corner may be developeds whether the state retainds the current road alignment or adoptsthe county'sz locally preferred alternative.
The board also picked that location becausee the northeastern corner is considered to be convenient for pedestriansa from the Decoverlyresidential communities. "Wde have a long way to go, but we are encouragex by the planning board's said Timothy Dugan, a Danac Several more work sessions are scheduled over the nexttwo months, and in July the planningg board will send its draftf master plan to the county executive who will have 60 days to revieqw and comment before it is sent to the counth council for deliberations.
The Bethesda-based developer's 26-acre office park in the Shady Grove Life Sciences Center is currently approveddfor 669,538 square feet of density and the campusx currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planningb Board decided to recommend in its draft Gaithersburgy West Master Plan that the property be developed with up to twic e asmuch density, or contain up to 1.34 million square feet of office, retail and residential The southwest corner of the land currentlyg includes a 272,000-square-foot, three-building complex that houses software and pharmaceuticapl tenants.
The north side of the property contains the Metropolitaj RegionalInformational Services' 72,000-square-foot Last week, the board also recommended that Danac's Corridorr Cities Transitway stop be located at or near its northeastern corner, near the intersectionm of Diamondback Drive and Decoverly Drive. That is good news for Danac, sincer the board had left out the stop inearlierd drafts. The transit stop near the corner may be developeds whether the state retainds the current road alignment or adoptsthe county'sz locally preferred alternative.
The board also picked that location becausee the northeastern corner is considered to be convenient for pedestriansa from the Decoverlyresidential communities. "Wde have a long way to go, but we are encouragex by the planning board's said Timothy Dugan, a Danac Several more work sessions are scheduled over the nexttwo months, and in July the planningg board will send its draftf master plan to the county executive who will have 60 days to revieqw and comment before it is sent to the counth council for deliberations.
Friday 9 September 2011
This time, Weeden doesn't give himself reason to lose temper - CBSSports.com
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FOXSports.com | This time, Weeden doesn't give himself reason to lose temper CBSSports.com STILLWATER, Okla. -- Last week, Oklahoma State's Brandon Weeden passed for 388 yards, three touchdowns and three interceptions as the Cowboys rolled up 666 yards of offense in a 61-34 victory against Louisiana-Lafayette. ... Arizona-Oklahoma State: The good and the bad for the Wildcats Arizona vs. Oklahoma State: Brandon Weeden Lighting It Up for OSU |
Tuesday 6 September 2011
Ten banks allowed to repay TARP funds - Phoenix Business Journal:
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The Treasury Department did not name the 10 but said they were beinv approved for early repayment of the federalo bailout funds under the Troubled Asset RelieffProgram (TARP) because the so-called stressz tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirementse for repayment established by federal bankingv supervisors. It noted that many bankes recently have raised equity capital from privates investors and haveissued long-tern debt that is not guaranteed by the government.
“These repaymentss are an encouraging sign offinancia repair, but we still have work to do,” Treasury Secretaryt Tim Geithner said. More than 600 banks received a total ofnearlyh $200 billion through the department’s Capital Purchase Program. Abouf $2 billion of this money was paid back Underthe program, banks that repaty their preferred stock can repurchasw the warrants that the Treasury Departmenft holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billiob in dividend payments from program participants. Proceedse from the repayments to go the Treasury Department’s general fund.
They can be used to reduc e the national debt and can serve as a cushionn in case the departmeng needs to respond to financia emergencies inthe future, the departmentf said. The list of 10 bankd was not publicly disclosed, but many of the bank confirmed separately in press releases that they receives approval to buy back preferref shares sold to thefederakl government, including two banks with sizable Milwaukee-area presences: USB) and J.P. Morgan Chase JPM). U.S. Bank was cleared to repay $6.6 billion in TARP fundw and Chase was approved to repayall $25 billion in TARP fundd it received.
Locally based banks that received TARP fundsz include andof Milwaukee, of Menomonew Falls and in Brookfield. M&I, the Milwaukee-area'ws largest bank, was not among the list of 10 bankx approved to repay itsTARP funds, accordin to media reports. M&I said in May that it begaj to sell stock in a sale that could raiser as muchas $350 million in proceeds, part of which the bank said it may use to repayt a portion of the $1.
7 billion capital infusion it receiveds in November 2008 under TARP if approved by
The Treasury Department did not name the 10 but said they were beinv approved for early repayment of the federalo bailout funds under the Troubled Asset RelieffProgram (TARP) because the so-called stressz tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirementse for repayment established by federal bankingv supervisors. It noted that many bankes recently have raised equity capital from privates investors and haveissued long-tern debt that is not guaranteed by the government.
“These repaymentss are an encouraging sign offinancia repair, but we still have work to do,” Treasury Secretaryt Tim Geithner said. More than 600 banks received a total ofnearlyh $200 billion through the department’s Capital Purchase Program. Abouf $2 billion of this money was paid back Underthe program, banks that repaty their preferred stock can repurchasw the warrants that the Treasury Departmenft holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billiob in dividend payments from program participants. Proceedse from the repayments to go the Treasury Department’s general fund.
They can be used to reduc e the national debt and can serve as a cushionn in case the departmeng needs to respond to financia emergencies inthe future, the departmentf said. The list of 10 bankd was not publicly disclosed, but many of the bank confirmed separately in press releases that they receives approval to buy back preferref shares sold to thefederakl government, including two banks with sizable Milwaukee-area presences: USB) and J.P. Morgan Chase JPM). U.S. Bank was cleared to repay $6.6 billion in TARP fundw and Chase was approved to repayall $25 billion in TARP fundd it received.
Locally based banks that received TARP fundsz include andof Milwaukee, of Menomonew Falls and in Brookfield. M&I, the Milwaukee-area'ws largest bank, was not among the list of 10 bankx approved to repay itsTARP funds, accordin to media reports. M&I said in May that it begaj to sell stock in a sale that could raiser as muchas $350 million in proceeds, part of which the bank said it may use to repayt a portion of the $1.
7 billion capital infusion it receiveds in November 2008 under TARP if approved by
Sunday 4 September 2011
BlackBox GPS moves to technology incubator - Austin Business Journal:
http://www.helmitechnologies.com/tech_showcase/technology-showcase-4thpass.html
BlackBox moved from the Las Olas Boulevardc area to the EnterpriseDevelopment Corp. of South Florida’s technology incubatod about amonth ago. The move should help the compan y leverage the expertise of nearbyg business development professionals withtechnologuy experience, President and co-owner Stevejn Muntean said. “We just needed to be in an environmengt that will allow usto grow,” he BlackBox has nine employees in Boca Ratomn and five more in Buenos Aires, The company hopes to have 25 total employees by 2010, Muntean said.
The company makes asset-trackinv hardware and software targeted toward companieswwith five- to 200-vehicle fleets, Muntean Companies can use the software to trackj their vehicles within seconds and produce detailedf reports. BlackBox was formerly a unit of Sunrise-baseed that Muntean and partnerws bought ayear ago, he said. By the end of this Muntean said he expects BlackBox to havenearly $1 million in BlackBox is one of 13 young companiesx currently at the technologty incubator, EDC Executive Director Jane Teaguw said. She welcomed the company’s arrival.
“It’z another good company, and the fact that they’red already generating revenue and have customers is quite remarkable these she said.
BlackBox moved from the Las Olas Boulevardc area to the EnterpriseDevelopment Corp. of South Florida’s technology incubatod about amonth ago. The move should help the compan y leverage the expertise of nearbyg business development professionals withtechnologuy experience, President and co-owner Stevejn Muntean said. “We just needed to be in an environmengt that will allow usto grow,” he BlackBox has nine employees in Boca Ratomn and five more in Buenos Aires, The company hopes to have 25 total employees by 2010, Muntean said.
The company makes asset-trackinv hardware and software targeted toward companieswwith five- to 200-vehicle fleets, Muntean Companies can use the software to trackj their vehicles within seconds and produce detailedf reports. BlackBox was formerly a unit of Sunrise-baseed that Muntean and partnerws bought ayear ago, he said. By the end of this Muntean said he expects BlackBox to havenearly $1 million in BlackBox is one of 13 young companiesx currently at the technologty incubator, EDC Executive Director Jane Teaguw said. She welcomed the company’s arrival.
“It’z another good company, and the fact that they’red already generating revenue and have customers is quite remarkable these she said.
Friday 2 September 2011
Opus West Corp. plans bankruptcy filing - South Florida Business Journal:
mesiaipuhuni1981.blogspot.com
Since April, dozens of subcontractors have filee liens totaling morethan $4 millioj against Opus Group and Phoenix-based Opus West Corp. tied to Two Addisom Circle, a $23 million, 198,000-square-foo t speculative office buildingin Addison. The building was developefd and is owned by Opus West The liens claim Opus owes the subcontractors for labor or materialds provided in the courseof construction.
The six-story Two Addisomn Circle building on the west side of the Dallas Northu Tollway just north of Arapaho Road wasrecentlty completed, but has no The credit crunch and slowing demandr for office space have left Opus unable to get permaneny financing to replace the short-term construction loan on the Addison project, an Opus spokeswoman told the Dallasz Business Journal last month. Officials with Opus West coulde not immediately be reached for comment for this Other OpusWest Corp. projects in Nortyh Texas include the 121Lakepointe Crossing, an officwe and industrial development in Lewisville, and Broadstone Parkway, a 5.8-acrer mixed-use project at 5005 Galleria Drive in Nortn Dallas.
, which is based in Minn., is a design-build developmentt firm that specializesin office, retail, multifamily, government and institutionalo projects. It also controls Washington-based LLC, whicg filed for Chapter 7 liquidationthis week, accordinh to the Washington Business Journal. Opus Group said its Opus Southh subsidiary, which is based in Atlanta, filedr for reorganization in bankruptcy court onAprikl 22. In a prepared statement, Opus Group said the bankruptchy filings are a result of a steep declines in commercial real estate values and difficult crediymarket conditions.
The company also indicated that and have been less affectex by shaky economic conditions because of theifr mix of project types instronger markets. The company said Opus West planx to maintain its Phoenix headquartersand "sa modest presence" in Texas and Californi that will focus on asset sales.
Since April, dozens of subcontractors have filee liens totaling morethan $4 millioj against Opus Group and Phoenix-based Opus West Corp. tied to Two Addisom Circle, a $23 million, 198,000-square-foo t speculative office buildingin Addison. The building was developefd and is owned by Opus West The liens claim Opus owes the subcontractors for labor or materialds provided in the courseof construction.
The six-story Two Addisomn Circle building on the west side of the Dallas Northu Tollway just north of Arapaho Road wasrecentlty completed, but has no The credit crunch and slowing demandr for office space have left Opus unable to get permaneny financing to replace the short-term construction loan on the Addison project, an Opus spokeswoman told the Dallasz Business Journal last month. Officials with Opus West coulde not immediately be reached for comment for this Other OpusWest Corp. projects in Nortyh Texas include the 121Lakepointe Crossing, an officwe and industrial development in Lewisville, and Broadstone Parkway, a 5.8-acrer mixed-use project at 5005 Galleria Drive in Nortn Dallas.
, which is based in Minn., is a design-build developmentt firm that specializesin office, retail, multifamily, government and institutionalo projects. It also controls Washington-based LLC, whicg filed for Chapter 7 liquidationthis week, accordinh to the Washington Business Journal. Opus Group said its Opus Southh subsidiary, which is based in Atlanta, filedr for reorganization in bankruptcy court onAprikl 22. In a prepared statement, Opus Group said the bankruptchy filings are a result of a steep declines in commercial real estate values and difficult crediymarket conditions.
The company also indicated that and have been less affectex by shaky economic conditions because of theifr mix of project types instronger markets. The company said Opus West planx to maintain its Phoenix headquartersand "sa modest presence" in Texas and Californi that will focus on asset sales.
Wednesday 31 August 2011
Crescent Resources files Chapter 11 - Triangle Business Journal:
erofeyporgrinin.blogspot.com
The Charlotte-based development firm’s chief executive, Arthur Fields, has retiredd and will work with Crescent in anadvisorg capacity, the company says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “Wes have been in active discussions with our lendersd and other stakeholders as we work towards an agreement that will bring our capital structurw in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, according to its Its assets are estimated at more than $1 billion. The local projectd listed in the Chapter 11 filing include Piedmonr Row and The Sanctuary atLake Wylie.
Crescen says it intends to operate its continuing businesses withouft any significant interruption during therestructuring process. The companty says that’s possible because of a recentlyyobtained debtor-in-possession financing facilityh of $110 million from a grouo of its existing lenders. As part of the Chaptert 11 filing, Crescent says it seeks court approval “tol make certain payments and to maintaim key agreementswith customers, vendors and partners of continuinv operations to ensure the company can maintainh its commitment to delivering a high level of amenities and Crescent says the filing is necessargy to reorganize its finances, reduce its debt level and improvee its capital structure.
“Wde intend to reach an agreemenr on our new capital structure and emerge from bankruptcy Hede says. The Chapter 11 petitionsx were filed inthe U.S. Bankruptcy Court in the Westernj Districtof Texas, Austin division. The company has 120 days from the filin g date to submit areorganization plan. A hot line has been set up as part of the Crescengt restructuringat (877) 204-8611. Attorneyg Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co., and are amont Crescent’s largest unsecured creditora in Charlotte. In April, the Charlotte Businesw Journal reported that Crescenrt had adopted an aggressive new business strategt driven bya $1.
2 billion term loan that must be paid in full by Septembed 2012 — selling assets at fire-saler prices. In October, Crescent sold 4,500 acres in Berkele County, S.C., to for $40 million. In December, the company sold a Florids apartment projectfor $11.35 less than half the $27 million it paid for the complex threw years earlier. This year, the firm has closeds on the sale ofa 773-acre tract of land in Oconeew County, S.C., for just over $10 Locally, Crescent recently sold 18.4 acres in Fort Mill to a warehousingg company for $1.6 million. The companty — jointly owned by and is best known herefor high-end real estate communitieas such as The Peninsula and Ballantyne Country Club.
Befors the Chapter 11 filing, Crescent faced paymentss of $50 million by the end of this year, $75 million in 2010 and $100 millionm in 2011 on its
The Charlotte-based development firm’s chief executive, Arthur Fields, has retiredd and will work with Crescent in anadvisorg capacity, the company says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “Wes have been in active discussions with our lendersd and other stakeholders as we work towards an agreement that will bring our capital structurw in line with the currenteconomic environment,” Hede Crescent has more than 5,000 creditors, according to its Its assets are estimated at more than $1 billion. The local projectd listed in the Chapter 11 filing include Piedmonr Row and The Sanctuary atLake Wylie.
Crescen says it intends to operate its continuing businesses withouft any significant interruption during therestructuring process. The companty says that’s possible because of a recentlyyobtained debtor-in-possession financing facilityh of $110 million from a grouo of its existing lenders. As part of the Chaptert 11 filing, Crescent says it seeks court approval “tol make certain payments and to maintaim key agreementswith customers, vendors and partners of continuinv operations to ensure the company can maintainh its commitment to delivering a high level of amenities and Crescent says the filing is necessargy to reorganize its finances, reduce its debt level and improvee its capital structure.
“Wde intend to reach an agreemenr on our new capital structure and emerge from bankruptcy Hede says. The Chapter 11 petitionsx were filed inthe U.S. Bankruptcy Court in the Westernj Districtof Texas, Austin division. The company has 120 days from the filin g date to submit areorganization plan. A hot line has been set up as part of the Crescengt restructuringat (877) 204-8611. Attorneyg Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co., and are amont Crescent’s largest unsecured creditora in Charlotte. In April, the Charlotte Businesw Journal reported that Crescenrt had adopted an aggressive new business strategt driven bya $1.
2 billion term loan that must be paid in full by Septembed 2012 — selling assets at fire-saler prices. In October, Crescent sold 4,500 acres in Berkele County, S.C., to for $40 million. In December, the company sold a Florids apartment projectfor $11.35 less than half the $27 million it paid for the complex threw years earlier. This year, the firm has closeds on the sale ofa 773-acre tract of land in Oconeew County, S.C., for just over $10 Locally, Crescent recently sold 18.4 acres in Fort Mill to a warehousingg company for $1.6 million. The companty — jointly owned by and is best known herefor high-end real estate communitieas such as The Peninsula and Ballantyne Country Club.
Befors the Chapter 11 filing, Crescent faced paymentss of $50 million by the end of this year, $75 million in 2010 and $100 millionm in 2011 on its
Monday 29 August 2011
Newspaper publisher files for Ch. 11 - Dallas Business Journal:
inofiquxi.wordpress.com
Addison-based ACN (Pink Sheets: ACNI) says creditors will be offering the companya debtor-in-possession credit facility of $5 Going forward, ACN says newspaperss under the company's umbrella will continue to operate in theif usual fashion. The publisher says advertisers and readers will not be directl impacted andthe publications’ Web sites and paper will continue to cover the communities as ACN’s other North Texas publications include Plano Insiderr , the Allen American , the Celinaq Record , , Rowletyt Lakeshore Times, , Lewisville Leader, Flowee Mound Leader, , The Colony Carrollton Leader, Southlake Times, Penngy Saver, North Texas Life, Stonebridg e Life, All About Frisco, All Aboutf Coppell, All About Flower Mound and Lantanaw .
“A difficult economic environment and weak advertising marker have created a number of challenges for our industr andour company,” said Gene Carr, chairman and CEO of ACN. “While we have proactively managed our businessby right-sizinhg our cost structure and driving efficiencies ... our operations are not able to support our currentcapitaol structure," Carr said. "As a result, we intend to reorganizre via the 363 sale process with continuing support from our lenders if approved, will reduce our debt." Section 363 of the bankruptc code allows a company to sell assetw out of bankruptcy proceedings free and cleaer of any liens.
Addison-based ACN (Pink Sheets: ACNI) says creditors will be offering the companya debtor-in-possession credit facility of $5 Going forward, ACN says newspaperss under the company's umbrella will continue to operate in theif usual fashion. The publisher says advertisers and readers will not be directl impacted andthe publications’ Web sites and paper will continue to cover the communities as ACN’s other North Texas publications include Plano Insiderr , the Allen American , the Celinaq Record , , Rowletyt Lakeshore Times, , Lewisville Leader, Flowee Mound Leader, , The Colony Carrollton Leader, Southlake Times, Penngy Saver, North Texas Life, Stonebridg e Life, All About Frisco, All Aboutf Coppell, All About Flower Mound and Lantanaw .
“A difficult economic environment and weak advertising marker have created a number of challenges for our industr andour company,” said Gene Carr, chairman and CEO of ACN. “While we have proactively managed our businessby right-sizinhg our cost structure and driving efficiencies ... our operations are not able to support our currentcapitaol structure," Carr said. "As a result, we intend to reorganizre via the 363 sale process with continuing support from our lenders if approved, will reduce our debt." Section 363 of the bankruptc code allows a company to sell assetw out of bankruptcy proceedings free and cleaer of any liens.
Friday 26 August 2011
LCA-Vision might close more surgery centers in '09 - South Florida Business Journal:
qypytcuvy.blogspot.com
The news sent shares of LCA (NASDAQ: LCAV) down sharplyg during late-morning trading. But the 10 percenyt dip, which brought shares to $5.89, was followed by a Shares in LCA closesd up about1 percent, or 8 cents, to $6.5q Tuesday. “Procedure volume in April and May has declinedf approximately 45 percent from the comparable period last year and we currentlty anticipate continued softnessthroughout 2009,” said LCA-Visionh Chairman Anthony Woods, who was among six directors re-elected to the company’s board at the annual held at the Queem City Club downtown. Wood said the company might reduce spending on marketing this year andclosde “underperforming vision centers.
” Complaints about cost-cutting gave rise to takeoverd attempt by LCA-Vision founder Dr. Stephen Joffe, whose investmentg group acquired an 11 percent stake in the company and floatef its own slate of The Joffe group terminated its reform efforgt in March and Joff e has since sold more than half of his In additionto re-electing six shareholders rejected a stockholders' rights plan that makezs hostile takeovers more difficult.
The news sent shares of LCA (NASDAQ: LCAV) down sharplyg during late-morning trading. But the 10 percenyt dip, which brought shares to $5.89, was followed by a Shares in LCA closesd up about1 percent, or 8 cents, to $6.5q Tuesday. “Procedure volume in April and May has declinedf approximately 45 percent from the comparable period last year and we currentlty anticipate continued softnessthroughout 2009,” said LCA-Visionh Chairman Anthony Woods, who was among six directors re-elected to the company’s board at the annual held at the Queem City Club downtown. Wood said the company might reduce spending on marketing this year andclosde “underperforming vision centers.
” Complaints about cost-cutting gave rise to takeoverd attempt by LCA-Vision founder Dr. Stephen Joffe, whose investmentg group acquired an 11 percent stake in the company and floatef its own slate of The Joffe group terminated its reform efforgt in March and Joff e has since sold more than half of his In additionto re-electing six shareholders rejected a stockholders' rights plan that makezs hostile takeovers more difficult.
Wednesday 24 August 2011
Cousins Chairman Tom Bell retiring - Pittsburgh Business Times:
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Gellerstedt will remain president, the Atlanta-basede real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairmanh inDecember 2006. Under his watch, the companty sold nearly $3 billion in asseta during the market’s peak for special dividendss totaling $12.62 a share. “There is never a perfecr time to leave a companyy as respected and admiredas Cousins, but I’mk confident that after seven and a half yeares as chief executive, the company is ready for new leadership and renewefd energy,” Bell said in a statement.
“My decision to step asided now allows our extremely talented managemenf team under the guidance of Larry to make important decisions that will prepare Cousins for the next phasee of the realestate cycle.” Bell remains deeplu involved in Atlanta’s civic life. He has been instrumentaol in the effort to save fromfinancialk ruin. The movement began over dinneer in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through thei r leadership and donationsfrom , ’xs $5 million, and . "I thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos.
"Since then, he's done an absolutely fantasti c job forthat company. And what he's done for the city and metrpo Atlanta have just been overthe top. I hope he doesn't give up some of his efforte that have meant so much to the Atlanta I just admire the heck outof Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtg served as chairman and chiet executive officer of the from 1986to 1998. In after the sale of Beers to , he was electer chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedyt became president and chief operating officerof , an urban mixed-use development company.
He went on to founr The Gellerstedt Groupin 2003. In othee company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joinex the Cousins board inFebruary 2005. He is currently the presidentf and chief executive officerof
Gellerstedt will remain president, the Atlanta-basede real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairmanh inDecember 2006. Under his watch, the companty sold nearly $3 billion in asseta during the market’s peak for special dividendss totaling $12.62 a share. “There is never a perfecr time to leave a companyy as respected and admiredas Cousins, but I’mk confident that after seven and a half yeares as chief executive, the company is ready for new leadership and renewefd energy,” Bell said in a statement.
“My decision to step asided now allows our extremely talented managemenf team under the guidance of Larry to make important decisions that will prepare Cousins for the next phasee of the realestate cycle.” Bell remains deeplu involved in Atlanta’s civic life. He has been instrumentaol in the effort to save fromfinancialk ruin. The movement began over dinneer in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through thei r leadership and donationsfrom , ’xs $5 million, and . "I thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos.
"Since then, he's done an absolutely fantasti c job forthat company. And what he's done for the city and metrpo Atlanta have just been overthe top. I hope he doesn't give up some of his efforte that have meant so much to the Atlanta I just admire the heck outof Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtg served as chairman and chiet executive officer of the from 1986to 1998. In after the sale of Beers to , he was electer chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedyt became president and chief operating officerof , an urban mixed-use development company.
He went on to founr The Gellerstedt Groupin 2003. In othee company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joinex the Cousins board inFebruary 2005. He is currently the presidentf and chief executive officerof
Monday 22 August 2011
Freeman Vineyard & Winery Donates 24 Acres of Redwoods to Bodega Land Trust
wilhelminadora4287.blogspot.com
June 10 /PRNewswire/ -- vineyard in Occidental, & Winery is proux to announce the donation of 24 acres of old growth and second growth redwood forests to the Bodega Land Freeman founders, , acquired the Occidental propertyg in 2007. Located 5 miles from Freeman'ws winery and estate vineyard in thenew 50-acre Occidental vineyard, whichn will be named , encompasses redwood forests, sheep pastures and apple orchards. In the spring of Freeman will begin planting approximately 14 acrexs of the orchard and pastureland to five cloness ofPinot Noir, and a smalp amount of Chardonnay.
In keeping with Freeman'xs commitment to the environment, the 24 acrese of redwood forests will be preserved in their pristine state through the stewardship of the BodegawLand Trust, and the vineyard will be farmed 100 percentr organically (and will immediatelyt begin the three-year process required for organifc certification). "This is something we are very proufd of," says . "Even thouguh we are a family-owned winery, we wanted to show that you don't have to be big to help save our or to give back to the This is a remarkable piece of and as excited as we are to be growing PinotNoir here, we are just as excited to be preservin the diversity of this special place.
" As a conditiom of the donation, the preserved 24 acrews will never be harvested, and will remain forever wild. The Occidentalo property is located atapproximatelgy 1,200 feet and features steep Goldridge soil and a southeaster exposure--all ideal for producing exceptional Pinot "Freeman Ranch will allow us even more controo over our fruit sources," says founder and assistany winemaker . "With its high elevationm and close proximity tothe coast, this area is perfectg for cool-climate viticulture. By 2012, we expect that 50 percent of our fruiyt will come from ourestate vineyards--which will be a wonderful complemeny to the fruit we already source from our world-class partnedr growers.
" , & Wineryh is dedicated to crafting elegant cool-climate California Pinotg Noir and Chardonnay in a sophisticated Burgundia n style. Believing in the vast potential of the Sonoma Coasyt and Russian appellations to producee wines of complexityand refinement, the Freemanx work with a small portfolio of acclaimed partnetr vineyards including Keefer and Heintz In addition, the Freemansx have planted seven acres of hillside vineyarde at their picturesque winery in These sites share many common elements that define excellencs in cool-climate viticulture, includingv hillside locations with coastal fog, Goldridge proper clonal selection and stressed vines producing extremelyh low yields of nuancec fruit.
The Bodega Land Trust offerx individuals the opportunity to preserve and restoreagriculturao lands, forests, streams, wilderness, natural habitats and resourcex in perpetuity through acceptance or purchase of land or conservation A conservation easement is a legal agreemen a landowner makes to limit the naturs of future development. Each easement is uniquely tailored to reflecta landowner'd desired land use. For additional please visit For more information on the its wine andits owners, and to purchase wine, please visit of SW/PRt at 415 381 8201 or .
Photosd are available upon
June 10 /PRNewswire/ -- vineyard in Occidental, & Winery is proux to announce the donation of 24 acres of old growth and second growth redwood forests to the Bodega Land Freeman founders, , acquired the Occidental propertyg in 2007. Located 5 miles from Freeman'ws winery and estate vineyard in thenew 50-acre Occidental vineyard, whichn will be named , encompasses redwood forests, sheep pastures and apple orchards. In the spring of Freeman will begin planting approximately 14 acrexs of the orchard and pastureland to five cloness ofPinot Noir, and a smalp amount of Chardonnay.
In keeping with Freeman'xs commitment to the environment, the 24 acrese of redwood forests will be preserved in their pristine state through the stewardship of the BodegawLand Trust, and the vineyard will be farmed 100 percentr organically (and will immediatelyt begin the three-year process required for organifc certification). "This is something we are very proufd of," says . "Even thouguh we are a family-owned winery, we wanted to show that you don't have to be big to help save our or to give back to the This is a remarkable piece of and as excited as we are to be growing PinotNoir here, we are just as excited to be preservin the diversity of this special place.
" As a conditiom of the donation, the preserved 24 acrews will never be harvested, and will remain forever wild. The Occidentalo property is located atapproximatelgy 1,200 feet and features steep Goldridge soil and a southeaster exposure--all ideal for producing exceptional Pinot "Freeman Ranch will allow us even more controo over our fruit sources," says founder and assistany winemaker . "With its high elevationm and close proximity tothe coast, this area is perfectg for cool-climate viticulture. By 2012, we expect that 50 percent of our fruiyt will come from ourestate vineyards--which will be a wonderful complemeny to the fruit we already source from our world-class partnedr growers.
" , & Wineryh is dedicated to crafting elegant cool-climate California Pinotg Noir and Chardonnay in a sophisticated Burgundia n style. Believing in the vast potential of the Sonoma Coasyt and Russian appellations to producee wines of complexityand refinement, the Freemanx work with a small portfolio of acclaimed partnetr vineyards including Keefer and Heintz In addition, the Freemansx have planted seven acres of hillside vineyarde at their picturesque winery in These sites share many common elements that define excellencs in cool-climate viticulture, includingv hillside locations with coastal fog, Goldridge proper clonal selection and stressed vines producing extremelyh low yields of nuancec fruit.
The Bodega Land Trust offerx individuals the opportunity to preserve and restoreagriculturao lands, forests, streams, wilderness, natural habitats and resourcex in perpetuity through acceptance or purchase of land or conservation A conservation easement is a legal agreemen a landowner makes to limit the naturs of future development. Each easement is uniquely tailored to reflecta landowner'd desired land use. For additional please visit For more information on the its wine andits owners, and to purchase wine, please visit of SW/PRt at 415 381 8201 or .
Photosd are available upon
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