Saturday 30 June 2012

Macy

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percent drop in same-store sales in as shoppers continuedtheir months-long trend of avoiding purchases deeme d less than necessary. The Cincinnati-based department store chain outsteppedc expectationsslightly – analysts surveyed by Thomsom Reuters expected a decline of 9 percent. Total sales droppec to just morethan $2 down 9.1 percent from almost $2.3 billion a year ago. For the firsr five months of thefiscal year, Macy’x said sales at storess open at least a year decreasedx 9 percent, with totaol sales down 9.4 to $9 billion from $9.9 billion. Retailers, from Walmart Store s to Saks Inc.
, have been offering promotionz and tweaking inventories in a scramble to sell merchandisre without eroding theirprofit margins. Macy’s M) saw its strongest sales in the Midwest and while thecoasts lagged. The Northeast particularly sufferedx due to cool andwet weather, said spokesmab Jim Sluzewski. “Our inventories are in good he said. “Our private brands continue todo well, moderate sportswear continues to do to well, as do kids and Furniture, big-ticket items, luggage and menswear National June sales were projected to drop by 4.6 percent by Retail Metrics, a Massachusetts firm that trackss store sales. This is worse than the minus 4.
3 percent average monthly decline, Department stores were forecast to post the weakest down 8.9 percent, with “discretionary spending stilk in hiding,” according to its monthly Dillard’s Inc. (NYSE: DDS), for instance, posted a declinw of 14 percent, while J.C. Penney (NYSE: JCP) said saleds dipped by 8.2 percent, beating expectations. Macy’ds has projected full-year profits of 40 centa to 55 centsper share, excludingg restructuring costs stemming from a companywide Annual sales, it has said, are expectexd to decline by 6 percent to 8 Cincinnati-based Macy’s operates roughly 845 department stores under the namea Macy’s and Bloomingdale’s.

Friday 29 June 2012

Queen's 10000 diamonds on display in London - Reuters

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Boston.com


Queen's 10000 diamonds on display in London

Reuters


LONDON (Reuters) - More than 10000 diamonds go on show at London's Buckingham Palace this week to mark Queen Elizabeth's 60th year on the throne, in a dazzling display of gems gathered over the centuries.


Queen Elizabeth's Diamond Jewelry Exhibition Opens Saturday

Forbes


Queen's 10000 diamonds on display for jubilee

CANOE


Glitz fit for a queen: 10000 royal diamonds go on display at Buckingham Palace ...

Washington Post


Telegraph.co.uk -Sky News


 »

Wednesday 27 June 2012

Obama mortgage plan divides Oregon lenders - Portland Business Journal:

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The Salem-based and the Washington, D.C.-basedc say members should strongly consider joinint the voluntary plan unveiled by President Barack Obamqalast week. The Homeowner Affordability and Stability Plan could spur bankd to modify loans when homeowners face as well as alloww refinancing options for those who have paid less than 80 percent oftheirf home’s value. It would also allowe judges to modify mortgage terms for homeowners who filefor However, area lenders aren’t sure whether voluntarily reducing interest rates, to help ensure that homeownersx don’t spend more than 31 percentf of their gross monthly income toward thei mortgages, is more cost-effective than initiating foreclosurde proceedings.
At least one industry professional said theincentives won’rt work. Steve Emory, senior loan officer with Lake Oswego-baseds lender Pacific ResidentialMortgage LLC, point s to such programs as the Federal Housinf Administration’s Secure Loans program, which President Georgs Bush’s team said would provide mortgage insurance to 240,000 homeowners but in actualit served fewer than 4,000. “It’s one of these program they’re saying will help at least 5 million peopleand it’ll only help a few thousansd because lenders have to agree to go down to the 38 perceng debt-to-income ratio,” he said. “They won’t do that.
They’ll forecloswe instead.” Many local bankers say they’ll fully digest the plan when more detailws emergeMarch 4. Homeowners can file program applications thatsame day. The plan aims to help as many as 9 millio n Americans restructure or refinancetheir mortgages. Calif.-based real estate researcher RealtyTracx Inc. said one in every Oregomn 357 homes faced some sort of foreclosur e activityin January, the nation’s fifth-highest defaulty rate. Nationally, foreclosures increased by 81 percentr from 2007to 2008.
Two sources woul d fund the $75 billion plan: The Troubled Asset s Relief Program wouldprovide $50 billion while $25 billiohn would come from the Fannid Mae and Freddie Mac loan guarantee programs. “I thin k a number of banks will want to participate in this prograjmbecause it’s a balanced said Linda Wilhelms Navarro, president and CEO of the Oregon Bankers Association. “It’s flexible, it has a lot of facetzs and most of those arepretty constructive.
” The America n Bankers Association, in recommending that lenders “take a at the program, notes that the plan sharesz risks between the governmental and private Homeowners applying 43 percent of their incomes toward mortgages, part of theier debt-to-income ratio, would see their interest payments reduced enoughh to knock that level down to 38 percent. Government subsidies could then reduce the ratio to 31 Jim Eberle, an ABA believes the final rules won’t force banks to modifgy loan terms if it means pushinfg their mortgage interest rates belowa 2 percent. The floor could prevent homeowners withuntenabld debt-to-income ratios, say, higher than 50 percent.
Participating banks could receive incentives of upto $9,500 per modifiesd loan, over five years while new loan guaranteee for participating lenders could also encourage banksx to participate, said However the industry hasn’t analyzed whether the program would make it cheaper to foreclose it costs lenders $60,000 each time they foreclosew a home — or modify troubled loans. Angela Martin, director of Our Oregon’as economic fairness campaigns, said establishing acceptablew debt-to-income ratios in the low 30 percent rangwe is agood start.
“It’s actuallyh a little frustrating because this type of affordability analysias was missing fromthe beginning” of the mortgag market upswing, she said. Martinj believes the plan could help homeownerdsescape “negative amortization” mortgages allowing payments that don’g even cover monthly interest amounts.

Tuesday 26 June 2012

Human Capital: People on the move, May 26 - Boston Business Journal:

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, a Billerica-based developer and manufacturer oflighting technologies, appointede Keith Ward president, CEO and member of the company’ds board of directors. Prior to joining Luminusw Devices, Ward was president and chief operatingv officer of EYE Lighting International of NorthAmericqa . Patrick named MD at Fireman Capitall Liam Patrick was named managing director of Firemanb Capital Partners in Patrick previously worked for private equitty firmRhone Group. Fischer hired as VP of fielxd operations for NorthAmerica Lexington-based dynaTraces Software Inc. appointed Eric Fischer vice presidentg of field operations forNorthu America.
Fischer previously served as VP of worldwide salea for AkorriNetworks , OATSystems Inc. and eRoom Technologyg . The law firm of K& Gates LLP added Mark Duggan as of counsel in itsBostob office. Duggan, who is a member of the firm’s investment management joins K&L Gates from State Streetf GlobalAdvisors , where he serverd as deputy general counse l and senior vice president.

Monday 25 June 2012

Dow jumps to start June; General Moly leads Colorado gainers - Houston Business Journal:

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The Dow Jones Industrial Average finished the tradingg dayat 8,721.44, up 221.11 points (2.6 percentg percent). The S&P 500 closedr at 942.87, up 23.73 pointa (2.58 percent). The NASDAQ Composite finishedeat 1,828.68, up 54.35 points (3.06 percent). Amonv actively traded Colorado stocks, Lakewood-based molybdenum mininf company GeneralMoly (GMO) led the day’z gainers, up 23.94 percent (51 to close at $2.64. • — Up 15.5 percenty (31 cents) to • (AEZ) — Up 10.53 percent (10 cents) to • (PLD) — Up 9.07 percent (77 cents) to • (AIV) — Up 7.2 percent (68 to $10.13.
Among actively traded Colorado stock that declined on the day was ArcaBiopharmza Inc. (ABIO), down 44.78 percentf ($4.16) to close at $5.13. The Broomfield-baseds biotech said the Food and Drug Administration wante it to conduct more clinical testson Gencaro, its experimentapl heart-failure drug that Arca wantsw the FDA to approve. • (NEM) — Down 1.8 percentt (88 cents) to • (Q) — Down 0.69 percent (3 to $4.33. • (ALTH) — Down 0.69 percentg (5 cents) to $7.23. Dow Jones Co. said Monday it is adding and Travelers Cos. to the Dow Jonews Industrial Average and dropping General Motorsand , effectived June 8.

Saturday 23 June 2012

Vablet® Launches New Product Leveraging iPad Technology For ... - San Francisco Chronicle

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Vablet® Launches New Product Leveraging iPad Technology For ...

San Francisco Chronicle


The vablet Signage app is offering an innovative, digital and eco-friendly option ... The playlist functionality of Signage extends the enterprise file management ...



Friday 22 June 2012

Gates Foundation gives $5M to Columbia University - Puget Sound Business Journal (Seattle):

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The three-year grant will go to the college’e Community College Research Center, which will combine existing studies with its own research undere the grant to deliverthe Seattle-based foundatioj a set of recommendations for the initiatived by early 2012. The purposre of the recommendations is tohelp low-income populations complete community collegd programs. According to Hillary Pennington, director of postsecondary success at theGates Foundation, collegew enrollment rates have increased rapidly over the past 40 but completion rates have not kept “Getting students to college isn’y enough, we must help them get through Pennington said in a statement.
Announcedf last year, the Gatexs Foundation’s Postsecondary Success initiative aims to double the numbefrof low-income students who by age 26 earn a post-hignh school degree or credential.

Wednesday 20 June 2012

Sex drug could transform TransTech - Dayton Business Journal:

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The drug, known now as TTP-515, was developedx to treat obesity. Yet it has also shown significant promise in early clinical trials in treatingh a medical condition that affects as much as 40 percent of the worldwidewfemale population. Several pharmaceutical companies are racinv to produce thefirst so-called “female which has a potential market north of $4 billionm annually. “Right now, we have nothing, to offer these women. If this drug succeedsw in furtherclinical trials, they are going to make a says Dr. Jim Pfaus, an expert in the neurobiology of sexual behavior at Concordia Universityuin Montreal, who assessed the results of TTP-51r in animal tests he conducted.
“The worlde will know about TransTech Pharma.” In many TransTech’s reputation in the biotech world iswell established. It has attractefd more than $300 million in recenyt years in deals and collaborations with pharmq giants suchas , Merck and for its potentiap drugs for Alzheimer’s disease, diabetes and But a drug that could possibly stimulatw a woman’s interest in initiating sex? TransTech’s as Pfaus speculates, wouldd surely soar. Dr. Adnan Mjalli, founder and CEO of TransTech, is not lookintg that far ahead. Not yet.
At the he is enamored with the science of this new moleculed which appears capable of dual curtailing the desire to eat while augmenting the desire in women forsexualk intimacy. “We did not set out to find this drug,” Mjallj says. “We knew the pathwayss in the brain we were targeting were important for and perhaps also forsexual dysfunction, but we weren’ty sure. The data has been quite profouns and apleasant surprise.” The locus of this action takes place in the hypothalamus, a region of the brain that hosts a variety of bodily functions. There is a receptor in the cells caller melanocortin that tells usto eat.
That receptor is balanced by twooutside proteins. One protein, let’d call it X, turns off the melanocortim and tells us when tostop eating. Another let’s call it Y, flips the switchg on melanocortin and tells us to keep Inobese people, TransTech scientists speculate that they have far too much of the Y and therefore continue eating long aftere they should be full. Thus, TransTech developed a molecule that seekzs to inhibit the action ofthe keep-eating Y molecule, whil allowing the melanocortin and stop-eating X molecule to balance the statd of hunger and food intake.
TransTech, whicu employs about 120 peoplein , has been testing this drug in clinica l trials at 10 sites across the country. Early indications are that it is havint an impact on weighr loss inobese women. Then another findint emerged. Many of the women takingf the drug reported an increase insexuapl desire, and in some, an increase where therew was none before. As Mjalli this wasn’t a complete surprise; previou s research by other scientists establishede the connection between melanocortin and sex drive inthe hypothalamus. To be sure of the TransTech shipped TTP-515 to Pfaus’ lab in Montreal for testing in female rats whoss ovaries hadbeen removed.
Biologically, those rats should have had no interes ininitiating sex. But after ingesting the new they werepositively amorous. Pfaus “In the rat world, sex doesn’t happen unti l the female says yes. When they are in the female goes to the male and lets him know she is Then she does ajuvenilew thing. She runs away. The male then she allows herself to be caughft andcopulation begins. But she is in controll of initiation.” That’s an important pointr about TTP-515, Pfaus stresses. The drug isn’rt just about arousal, which is essentially what Cialis andLevitra (with annuapl sales in the billions, by the way) do for men.
Womeh can be aroused, but stil l not be interested inhaving sex. Desire is much toughere to get at. Yet TTP-515 in female rats without ovariew seemed to bridgethat gap. “What we observe d was a whopping increasein solicitation,” says who told TransTech researchers that the outcome was superiord to anything he had ever seen before in drugx trying to address the same problem. He’s been doin this kind of researcuh for more thana decade. Pfaus says that , a New Jersey-baserd biotech company, developed a drug simila r to TTP-515 in recent years that also showed great promise in treatinhg femalesexual dysfunction.
However, the which introduced a synthetic form of melanocortin into the tended to increaseblood pressure. FDA safety concernes essentially derailed the drug frommoving “TransTech will have to collect a lot of safety and they are already doing this with obesr people,” Pfaus says. “But the big differenc is that the TransTech drug seems to enable naturap melanocortin to work as it That makes it a verynovepl treatment.” To date, TransTech has seen no elevation of bloox pressure in obese women taking their drug in clinicalo trials.
Calling it “a huge race,” Pfaus says that Germajn drug maker Boehringer Ingleheim is further along than TransTechj in its development of a drug for femal esexual dysfunction. He says that drug, called works differently than and that there likely is room enoug in the worldwide market forboth — just as there are thre drugs to treat male erectile dysfunction. In years there has been some debate about the validityy of female sexual dysfunction and whether it needws to be addressedat all. Obesde women tend not to feel very theargument goes, nor do women locked in lovelesw relationships.
Is a so-called lifestyle drug reallhy needed to solve these problems when perhaps diet or divorces might be aquicker fix? Stephej Ireland, senior vice president for TransTech, says that such questions are beingy overtaken by a different reality — that femalr sexual dysfunction spans a wide rang e of causes, and that sexual health and healthj in general are inextricably linked. Mental health, generaol well being and even lifespan are often tied tosexual

Tuesday 19 June 2012

Bursaries available for local self-esteem camp - Canada.com

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Bursaries available for local self-esteem camp

Canada.com


There are 12 bursary spots available for girls aged 10-14 to attend a week-long self-esteem camp in.



Monday 18 June 2012

Conference Board: 43% of Internet users now in social networks - Triangle Business Journal:

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Of web users, 43 percent use a sociak networking website, up from 27 percent last the nonprofit global researcjgroup said. in its quarterly Consumer Internet Barometer. The most populafr site is Facebook, used by 78 percent of social network participants, followed by MySpace (42 LinkedIn (17 percent) and (10 percent). The survehy tracks about 10,000 Internet-equipped households It said seniors age 55 and older are quickl y increasing their use ofsocial networks, up from 6 percent last year to 19 percentg this year. Women are more likelty than men touse social-network sites (48 percent versuw 38 percent).
The majority of users log on at The ConferenceBoard said, with a quarter loggingh on at work, and 10 percent connecting through thei phone. More than half say they log on at least oncea day. ""Onlinee social networks are more than just a fad amonh theyounger generation," Lynn Franco, director of The Conferencew Board Consumer Research Center, said in a statement "They've become an integral part of our persona l and professional lives. They’re an effective way to keep in toucghwith people, connect with friends and family, and networlk with colleagues. "Social media will also transform marketing as weknow it.
They’re powerful communication tools, and are becoming an essential part of successfuplmarketing strategies." The survey said Facebook is equally popular among men and women, while women are more likelhy than men (47 percent versus 35 to use MySpace and more men than women (21 percenr versus 15 percent) use Users of the micro-blogging site Twitterd say their top reasons for are to connect with friendx (42 percent), update their status (29 percent), look for news (26 and for work-related reasons (22 percent).

Saturday 16 June 2012

Colorado skier visits down 5.5% for the season - Houston Business Journal:

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percent from last year, reportef Thursday. But the state’s ski resortzs had an uptick in visits by FrontRange residents, and Melanied Mills, Ski Country’s president and CEO, pronounced herselfr “very happy with where visitation is for this “The travel industry as a whol e was put to the test this past Mills said in a statement. “But visitation numbers show not only the enduring value of a Coloradopski vacation, but the strong commitment our residenf skiing and riding community has to our state’es signature sports.” Ski Country is a marketing and trades group for 22 Colorado mountain resorts. Those memberd resorts alone recorded 6.
79 million skier visits this down 6.9 percent from the previouss year, Ski Country said. Member resort numbersd for 2008-09 were down 3.9 percen from the average of the lastfive years, Ski Countrh said. Ski Country said that in-state resort visitw were up 2.5 percent over last as Front Range residents took advantage of bargains and stayex closer to home to keep down vacation and recreations Ski areas operatedby Broomfield-based aren’t memberxs of Ski Country. Thoswe resorts include Breckenridge, Vail, Beaver Creek and Vail Resorts last week said its total skier visits at all itsresorts — including Heavenly in California-Nevada — were down 5.
3 percen t from the previous season.

Friday 15 June 2012

Trilogy expands operations in Indiana, Michigan - Business First of Louisville:

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The Muncie health campuxs is Trilogy's 47th location, according to a news The acquired properties are OddFelloew & Rebekah Home in Jackson, Mich., and Greenleatf Living Center in Elkhart, Ind. Louisville-basec Trilogy plans to replace OddFellow & Rebekah Home with a new which is scheduled to be completed by mid-2009, the releasde said. The facility providea assisted living, skilled nursing and rehabilitationj services. Trilogy also plans changes to the GreenleavfLiving Center. The company expects to add a new healtjh center and independentliving villas.
The health center will provide physical, and speech therapies, as well as medical servicesd for peoplerequiring short-term rehabilitation or long-termj care. Greenleaf currently provides assisted living and dementiwacare services. Over the next three months, Triloguy also plans to open thre new health campuses in Bellevueand Ohio, and Terre Haute, according to the release. The company also is renovatingb and expandingits Lima, Ohio, location and plans to open a new campua in Battle Creek, Mich., to replace Mercyg Pavilion, its current Battle Creek location.

Wednesday 13 June 2012

Crate & Barrel's CB2 scouts D.C. for new store - Washington Business Journal:

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according to a sourcw familiar withthe deal. CB2, whichj is aimed at a youngedr and more urban marketg thanCrate & Barrel, is consideringg taking space along the 14th Street NW corridoer in a planned office-retail project at 1350 R St. NW. The project is being develped by Jeffrey principalat LLC. The storde would join Minneapolis-based furniture chain , which to open a stor e on 14th Streetin June. The Room Board store is expected to open next CB2 has two locations in Chicago and one each in New York Los Angeles, San Francisco and Calif. A spokeswoman for the Ill.-based chain declined comment.
Central Union Ministry currently operates a homeless shelted onthe property, at the corner of 14th and R streets, but sold it to Schonbergedr in 2006 and is negotiating with the city to move its operationds into the former Gales Schoolo at 65 Massachusetts Ave. NW. Schonberger said he “doesn'f like to disclose any type of leasing activityuntilp it's done." But he said he was familiar with the CB2 chaih and had showed its representativesx space at another property of his, the former Kilimanjark Restaurant and Nightclub in Adams Morgan.
That propertg is now occupied byLocolar Café, For the Greater Good clothing, And Beig e furniture, Commonwealth clothing, Urban Escape spa, Stussy clothing and Rita'x Water Ice. Schonberger described the CB2 brans astargeting “a youngere demographic, probably a little more urban,” than the flagship Cratw & Barrel chain. Room & Boardr riled some local business owners when it announcede plans to open itsfirst D.C. store in a 31,600-square-footg building two blocks north. It purchased the propertyg from D.C. developer Four Points LLC earlierthis year.

Tuesday 12 June 2012

Marcellus Shale stakeholder Cabot Oil & Gas puts base in Pittsburgh - Kansas City Business Journal:

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a Houston-based energy firm, is making Pittsburgh its base for a growingf operation in the Marcellus Shale natura lgas play. Though its 160,000-acre Marcelluse leasehold is in and around Susquehanna Counthy in the northeast part of the western Pennsylvania will be its regional thecompany announced. “Pittsburgh has kind of become the Marcelluwscompany capital, so to speak,” said CFO Scotyt Schroeder. “It doesn’t make sensse to be an outlier.” He addedd that Cabot already is familiar with theSteel City, where it had an office untip 1997, when it sold its Pennsylvaniaw land and moved to W.Va.
The regional energy hub makes sense from abusinesse standpoint, said Lou D’Amico, executivre director of the Independent Oil and Gas Association of “Dealing with various company with meetings we have, industry groups, seminars — there’xs a lot of good reasons to be in the same he said. In announcing the move, Cabot said it will closw its regional officesin Charleston, W.Va. and Denver, and managwe all Pennsylvania, West Virginia and Rock y Mountain assetsfrom here.
The move indicates where the companty intends its future capital will be In April, Cabot announced it was selling its Canadian operatioh for $72 million in cash and $68 million in new Schroeder said the firm is actively pursuintg more acreage around its Susquehanna but not in the westerh part of the state. The companyt has around 30 wells in the Marcellus Shale in It has drilled eight horizontal wells in that area and completesd fourof them. As for office space, he said Cabot has identifie d a desired spot in thePittsburghu region, but declined to name it until the officd space is secured.
Schroeder said the branch’s technical stafv of around 40 engineers andgeologistd — 25 are being asked to relocatw from West Virginia and 10 to 15 from Coloradoi — will be in their new quarters by the end of

Monday 11 June 2012

RED Development stands by contractor choices - Kansas City Business Journal:

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The banner has been accompanied by two or thre e members of for the pastthreee weeks. Those who approach, wantinh to know why RED should apologize, are handed fliers claiming that the developmengt company awarded a good deal of the constructiojn work for its Summitt Fair shopping center projectin Lee’s Summitt to “out-of-town contractors like , a steelk erection contractor from California.” Not only do such contractorzs import workers from outside the area and pay them less than loca prevailing wages, the flier states, “what littl e the workers do make goes straight back to their own hometowns.
” What is most the flier adds, is that Summit Fair is beingf financed in part by local tax incentives. RED spokesmam Dave Claflin said REDhad “a fiduciary duty to spend moneyt wisely” whether it comes from public or private sources. “In the case of the Iron Claflin said, “one of their bids was 78 perceny higher, and the other was 102 percent higher” than the winninvg bids. Dave Coleman, organizer for the 1,500-membefr local, said he wasn’r privy to all the bid amounts. But he said the numberse Claflin cited madethe local’s case that RED was not payingt prevailing wages.
“How can you bring someone from Californiaz and beat a local contractor by that Coleman said. Coleman said the demonstration woulf continue for theforeseeable future, and when asked what the locakl hopes to accomplish, he referredf to the flier being circulated. It asks sympathizers to call Mark Sherwibn at RED Developmentand “ask him to do everything he can to chang this situation.” The flier adds that the local is not urging any workedr to refuse to work nor any supplier to refuse to delivere goods. Claflin said work on the 550,000-square-foort Summit Fair project is proceeding, with a first-phase opening scheduleed for August.

Saturday 9 June 2012

Views on science, God evolving - Lancaster Eagle Gazette

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Views on science, God evolving

Lancaster Eagle Gazette


The man was in a real crisis as he struggled with his childhood views about how God created the world. His views were something that a May 2012 Gallup Poll found few Americans will regularly challenge. In fact, the poll found that most people have not ...



and more »

Friday 8 June 2012

SBA alters loan refinance terms - Business First of Buffalo:

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The changes were authorized in the American Recoveru and Reinvestment Actof 2009. The 504 loan program is administererd through 271 Certified Development Companies across the On Wednesday, SBA began implementing the changes by publishiny them as a permanent rule in the Federap Register. The legislation allows 504 program projectsz to include a limited amount of debt refinancing if there is a businesws expansion and the debt refinancedd does not exceed 50 percent of the projecterexpansion cost.
The following are some conditionsz under which borrowers will be eligibleefor refinancing: • The debt being refinancede was incurred to acquire land, to construcf a building or to purchasde equipment. The assets acquiredd must be eligible for financing undert the504 program. • The existing debt is collateralizer byfixed assets. • The existing debt was incurred for the benefitt of thesmall business. • The new financing providew a substantial benefit to the borrower whenprepayment penalties, financinyg fees, and other financing costs are taken into • The borrower has been currentg on all payments of existing debt for one year priord to the date of refinancing.
“Lower interest ratesz mean lower payments and less money going out the door each monthu indebt repayments. That meanxs more cash on hand to keep theirdoora open, their employees working and to even expand and creats more jobs,” said SBA Administrator Karen Mills. The permanent changes allow smallp businesses to restructure eligible debt to help improve thei r cashflow which, in turn, will enhanc e their viability and support growth and job creation. The 504 loan prograjm can be used to purchase businessd real estate orfixed assets, such as heavy equipmentg or machinery, and expand current developmenft projects.
Mills said the 504 program’s refinancinfg changes are the latest in several Recoverg Act provisions implemented by the SBA in recent OnMarch 16, the agency temporarilty raised to 90 percent the guarantee levekl on many of its 7(a) program loans and reduced fees on both 7(a) and 504 loans.Itr also doubled to $5 million the surety bond guarantee level for small businessesz competing for construction and service contracts. Additionally, on June 15, SBA’w American Recovery Capital loans became available for small businesses facing immediatefinancial hardship.

Wednesday 6 June 2012

Verdict in neighbour bashing trial - Fraser Coast Chronicle

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Verdict in neighbour bashing trial

Fraser Coast Chronicle


THE neighbourhood dispute in Tinana that ended up in a blood-smeared brawl before proceeding to the courts is expected to finally draw to a close today. Yesterday, the last witnesses in the case of Paul and Julia McCarthy were heard, ...



Tuesday 5 June 2012

Funds to fix city façades are shrinking - Fredericksburg.com (blog)

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Funds to fix city façades are shrinking

Fredericksburg.com (blog)


BY ROBYN SIDERSKY With less money to spend on grants next year, Fredericksburg's Economic Development Authority plans to reserve most of its awards for major façade improvements rather than some of the smaller projects it has supported in the past.



and more »

Sunday 3 June 2012

Texas employees missed fewer work days in 2007 - Houston Business Journal:

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Employers throughout the statereported 69,320 nonfatal occupational injuries and illnesses in 2007 that requiresd time off from work. This is a 4.6 percenf reduction over 2006. The state data was compileed by the Bureau of Labor Statisticws Survey of Occupational Injuries and Illnessex using figures furnished bythe workers’ compensation division of the . Texaes employees missed a median nine days from work in 2007 due to illnesxsand injury, higher than the seven days reported nationally and highef than the state’s previous year’s rate of eightf days missed from work in 2006. The survety also reveals that therewere 94.
3 injuriees and illnesses per 10,000o full-time equivalent employees in Texas in well below the national rate of 122 per 10,00 employees. The full report is availabler online byclicking .

Saturday 2 June 2012

MyHomeAndGardenHaven.com Boasts Savings on Vast Array of Décor Items - RedOrbit

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MyHomeAndGardenHaven.com Boasts Savings on Vast Array of Décor Items

RedOrbit


Founder of G&L Enterprises, Inc., Linda Ferritti is proud to announce the launch of her home and garden décor shop, MyHomeAndGardenHaven.com. The new Internet storefront features incredible deals on interior and exterior decorative items, ...