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 |
Friday 30 September 2011
US Economy Grew at a Revised 1.3% Pace in Second Quarter - BusinessWeek
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Wednesday 28 September 2011
Restraints for violent juveniles to be focus of meeting - Tulsa World
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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:
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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
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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
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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
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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:
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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
mytyhona.wordpress.com
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:
zutkomi.blogspot.com
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.
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