tenamup.wordpress.com
The quarterly Duke University/CFO Magazine Globalp Business Outlook Surveyasked 1,309 CFOs worldwide abouyt their expectations for the economy. Their answers paint a gloomy picturde for the rest ofthe year. * CFOs in the U.S. and Europe expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen risin g to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedby 1.2 percent.
“Presumably, government programs will offset some ofthesee losses, but even the most optimistic governmen forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the survey and international business professot at Duke’s Fuqua Schoool of Business. “We’re facing the possibility of anothef 4 millionlost jobs.” * U.S. and European CFOs foreseed capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S.
companies covered by the survey reporteed having trouble finding credit or acquirinvg credit at a reasonable Among those firms encountering credit 42 percent say the credit markets have gotten worswthis year, while 23 percenty say conditions have * Weak consumer demand and the credirt markets ranked as the top two externaol concerns among U.S. chieff financial officers, with the federal government’s policie coming in third. Among internal CFOs are losing the most sleep over theifr inability to plan due toeconomix uncertainty, managing their capital and liquidity, and maintaining employee morale.
Despitw all the negative indicators, a majority of the CFOs in the Unitex States and Asia reported being more optimistic this quarteer than they were the previous That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless optimistic. “Ourf survey carries an important message: Don’t put too much weighgt on the ‘soft’ data like consumer confidence. Recovery requires sustained confidence, and such confidencr is forged by strongereconomic fundamentals,” Harveyt said. “The economic fundamentals –- capital spending, the cost of credi t – are still fundamentalluy troubling.
” To see the complete survey results, go to the officialo Web site, .
Saturday, December 31, 2011
Thursday, December 29, 2011
Best Buy Co., Inc. Company Profile | BBY Company Information
viktorsejbgif.blogspot.com
Inc. With operations in the United States, China, Europe and Mexico, Best Buy is a multinationa l retailer of technology and entertainment products and services with a commitmentr to growthand innovation. The Best Buy familh of brands and partnerships collectively generatesw morethan $45 billion annual revenue and includea brands such as Best Buy, Audiovisions, The Carphonr Warehouse, Future Shop, Geek Jiangsu Five Star, Magnoliaw Audio Video, Napster, Pacific Salees Kitchen, Bath and Electronic Centers, The Phone Houses and Speakeasy.
Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customerx throughretail locations, multiple call centerd and Web sites, in-home solutions, product delivery and activities in our Community partnership is central to the way we do busines at Best Buy. In fiscal 2009, we donatefd a combined $33.4 million to improve the vitality of the communities wherre our employees and customers liveand work.
Inc. With operations in the United States, China, Europe and Mexico, Best Buy is a multinationa l retailer of technology and entertainment products and services with a commitmentr to growthand innovation. The Best Buy familh of brands and partnerships collectively generatesw morethan $45 billion annual revenue and includea brands such as Best Buy, Audiovisions, The Carphonr Warehouse, Future Shop, Geek Jiangsu Five Star, Magnoliaw Audio Video, Napster, Pacific Salees Kitchen, Bath and Electronic Centers, The Phone Houses and Speakeasy.
Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customerx throughretail locations, multiple call centerd and Web sites, in-home solutions, product delivery and activities in our Community partnership is central to the way we do busines at Best Buy. In fiscal 2009, we donatefd a combined $33.4 million to improve the vitality of the communities wherre our employees and customers liveand work.
Tuesday, December 27, 2011
David Hisey Executive Profile
vykyvimote.wordpress.com
**All Executive profile data provided byDow Jones & Co., Inc.
**All Executive profile data provided byDow Jones & Co., Inc.
Sunday, December 25, 2011
Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - Houston Business Journal:
iqukikofor.wordpress.com
The finding comes three days after a study found thatCorpuz Christi’s infrastructure will also be affecteed by climate change. “The Socio-Economic Impacty of Sea Level Rise in the GalvestonjBay Region,” commissioned by the and the British Consulate-General estimates that 78 percent of households will be displaced in Galvestonh County. A more aggressive sea level rise could displaces 93 percent of according tothe “Climate change is happening,” said Davide Yoskowitz, co-author of the report and a professorr at Texas A&M University-Corpus Christi. “It is not a it is a fact.
Sea-leve rise is occurring in Galveston Bay as well as aroundr the Gulfof Mexico, this is anotheer fact. “We need to conside r the socio-economic impact of thesse changes and begin totake long-term sustainable action to get a handler on the rising sea around Galveston in orded to protect the region’w future.” Galveston, Harris and Chambers counties were examinex in the study, which used an economicd model to assess the impacrt of both conservative and aggressive sea level rise estimates over the next 100 years on households, buildings, industriaol and hazardous material sites and water treatmentsz plants.
Under both scenarios, at least 23 public facilities and industriap sites wouldbe impacted. “If we take the very conservativee estimate ofa 0.69 meter sea levek rise in the next 100 years for an Ike-level storm would be estimated to cause an additiona l $1.7 billion in damage due to flooding for the three-countyt region surrounding Galveston Bay, given the economidc conditions of today,” Yoskowitz said. “Tp put that figure in it would equate to the medianj income foralmost 36,000 Texaxs households.
”
The finding comes three days after a study found thatCorpuz Christi’s infrastructure will also be affecteed by climate change. “The Socio-Economic Impacty of Sea Level Rise in the GalvestonjBay Region,” commissioned by the and the British Consulate-General estimates that 78 percent of households will be displaced in Galvestonh County. A more aggressive sea level rise could displaces 93 percent of according tothe “Climate change is happening,” said Davide Yoskowitz, co-author of the report and a professorr at Texas A&M University-Corpus Christi. “It is not a it is a fact.
Sea-leve rise is occurring in Galveston Bay as well as aroundr the Gulfof Mexico, this is anotheer fact. “We need to conside r the socio-economic impact of thesse changes and begin totake long-term sustainable action to get a handler on the rising sea around Galveston in orded to protect the region’w future.” Galveston, Harris and Chambers counties were examinex in the study, which used an economicd model to assess the impacrt of both conservative and aggressive sea level rise estimates over the next 100 years on households, buildings, industriaol and hazardous material sites and water treatmentsz plants.
Under both scenarios, at least 23 public facilities and industriap sites wouldbe impacted. “If we take the very conservativee estimate ofa 0.69 meter sea levek rise in the next 100 years for an Ike-level storm would be estimated to cause an additiona l $1.7 billion in damage due to flooding for the three-countyt region surrounding Galveston Bay, given the economidc conditions of today,” Yoskowitz said. “Tp put that figure in it would equate to the medianj income foralmost 36,000 Texaxs households.
”
Thursday, December 22, 2011
Treasury lets 10 banks repay $68B - Business First of Louisville:
uqudenlid.blogspot.com
According to MarketWatch, and are not among them. The departmenyt says the institutions, which it did not name, have met the requirementz for repayment established by federalbanking supervisors. It says many banksd recently have raised equitty capital from private investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial but we still have work to do,” Treasuryg Secretary Tim Geithner says. According to MarketWatch, the banks permitteed to pay back the fundzs are JPMorganChase & Co., Goldman Sachsz Group Inc., Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp.
, Capitalo One Financial Corp. and Northern Trust. More than 600 bankx received a total ofnearl $200 billion through the department’s Troubled Asset Relief Program. Abourt $2 billion of that money was paidback previously. Charlotte-based BofA received a total of $45 billion throug h the program. San Francisco-based Wells Fargo (NYSE:WFC), which acquired of Charlotte latelast year, got $25 billion from the TARP which is designed to thaw the credit markets and boost the economy. Under the program, bankse retiring their preferred stock can repurchase the warrants held by theTreasuruy Department. Besides the proceeds from the sales of the the department also hasreceived $4.
5 billion in dividendf payments from program Proceeds from the repayments will go to the Treasurg Department’s general fund. The fundds can be used to reduce the nationakl debt and can serve as a cushion in case the department needse to respond to financial emergencies in the thedepartment says.
According to MarketWatch, and are not among them. The departmenyt says the institutions, which it did not name, have met the requirementz for repayment established by federalbanking supervisors. It says many banksd recently have raised equitty capital from private investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial but we still have work to do,” Treasuryg Secretary Tim Geithner says. According to MarketWatch, the banks permitteed to pay back the fundzs are JPMorganChase & Co., Goldman Sachsz Group Inc., Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Corp.
, Capitalo One Financial Corp. and Northern Trust. More than 600 bankx received a total ofnearl $200 billion through the department’s Troubled Asset Relief Program. Abourt $2 billion of that money was paidback previously. Charlotte-based BofA received a total of $45 billion throug h the program. San Francisco-based Wells Fargo (NYSE:WFC), which acquired of Charlotte latelast year, got $25 billion from the TARP which is designed to thaw the credit markets and boost the economy. Under the program, bankse retiring their preferred stock can repurchase the warrants held by theTreasuruy Department. Besides the proceeds from the sales of the the department also hasreceived $4.
5 billion in dividendf payments from program Proceeds from the repayments will go to the Treasurg Department’s general fund. The fundds can be used to reduce the nationakl debt and can serve as a cushion in case the department needse to respond to financial emergencies in the thedepartment says.
Tuesday, December 20, 2011
Indictments in alleged looting of ancient Four Corners burial sites - Silicon Valley / San Jose Business Journal:
lebexab.wordpress.com
The on Wednesday released detailse of 12 indictments related to 23 Law enforcement officials have startedd arresting those named in the most of whom live in according to the Interior The indictments were handed down by a Salt Lake Citygrandx jury. Roughly 250 artifacts estimated to be wortgh morethan $335,000 allegedly were stoleb by the ring, accordingb to the Interior Department. The artifactsd include Anasazi pottery, created by Native Americans centuriesw ago, as well as ceremonial masks and a buffalo headdress. An undercover investigation intothe ring’zs activities has been going on for two and included agents from the Interior Department’as (BLM) and FBI as well as U.S.
marshals. “Let this case servr notice to anyone who is considering breakingh these laws and tramplingour nation’es cultural heritage that the BLM, the Department of Justice and the [rest of] the federal governmenyt will track you down and bring you to Interior Secretary Ken Salazar said in a statement. The federal Archaeologica Resources Protection Act makes it illegal to excavatw archaeological siteswithout authorization, and take artifacts from federalp land for sale or exchange. Once the artifacts’ tribao affiliations have been identified, they will be returne to those tribes, as required by the Nativs American Graves Protection andRepatriationj Act.
Items not covered by the tribal repatriation law will be made availablre for scientific research andpublic education. The Four Corners regiom includes partsof Colorado, Utah, New Mexicop and Arizona, and occupies Nativr American land. Colorado’s corner is part of this state’s Ute Mountaib Ute reservation, and the other states’ corners are part of the Navajko Nation. Indicted defendants were to appeae beforea U.S.
magistrate in Moab, Utah, on
The on Wednesday released detailse of 12 indictments related to 23 Law enforcement officials have startedd arresting those named in the most of whom live in according to the Interior The indictments were handed down by a Salt Lake Citygrandx jury. Roughly 250 artifacts estimated to be wortgh morethan $335,000 allegedly were stoleb by the ring, accordingb to the Interior Department. The artifactsd include Anasazi pottery, created by Native Americans centuriesw ago, as well as ceremonial masks and a buffalo headdress. An undercover investigation intothe ring’zs activities has been going on for two and included agents from the Interior Department’as (BLM) and FBI as well as U.S.
marshals. “Let this case servr notice to anyone who is considering breakingh these laws and tramplingour nation’es cultural heritage that the BLM, the Department of Justice and the [rest of] the federal governmenyt will track you down and bring you to Interior Secretary Ken Salazar said in a statement. The federal Archaeologica Resources Protection Act makes it illegal to excavatw archaeological siteswithout authorization, and take artifacts from federalp land for sale or exchange. Once the artifacts’ tribao affiliations have been identified, they will be returne to those tribes, as required by the Nativs American Graves Protection andRepatriationj Act.
Items not covered by the tribal repatriation law will be made availablre for scientific research andpublic education. The Four Corners regiom includes partsof Colorado, Utah, New Mexicop and Arizona, and occupies Nativr American land. Colorado’s corner is part of this state’s Ute Mountaib Ute reservation, and the other states’ corners are part of the Navajko Nation. Indicted defendants were to appeae beforea U.S.
magistrate in Moab, Utah, on
Sunday, December 18, 2011
SonoSite, Inc. Company Profile | SONO Company Information
xszeyluje.blogspot.com
We are the world leader in hand-carried ultrasound, or HCU, systems. We specializs in the development of HCU systems for use in a variety of medical specialties in a ranges of clinical settings atthe point-of-care. Our proprietary technologied have enabled us to desigm HCU systems that combinehigh all-digital, broadband imaging with advanced features and capabilitiese typically found on cart-based ultrasound systems.
We believe that the size, durability, ease of use and cost-effectivenessz of our products are expandingg existingultrasound markets, and are opening new marketss by bringing ultrasound visualization out of the imagingv lab to the point-of-care such as the patients bedsides or the physicians examining table for diagnosi s and procedural guidance. The large weight and complexity oftraditionall cart-based ultrasound systems typically require a physician or highluy trained clinician to perform the examinatioj in a centralized imaging department, such as a hospitalw radiology department. ...
We are the world leader in hand-carried ultrasound, or HCU, systems. We specializs in the development of HCU systems for use in a variety of medical specialties in a ranges of clinical settings atthe point-of-care. Our proprietary technologied have enabled us to desigm HCU systems that combinehigh all-digital, broadband imaging with advanced features and capabilitiese typically found on cart-based ultrasound systems.
We believe that the size, durability, ease of use and cost-effectivenessz of our products are expandingg existingultrasound markets, and are opening new marketss by bringing ultrasound visualization out of the imagingv lab to the point-of-care such as the patients bedsides or the physicians examining table for diagnosi s and procedural guidance. The large weight and complexity oftraditionall cart-based ultrasound systems typically require a physician or highluy trained clinician to perform the examinatioj in a centralized imaging department, such as a hospitalw radiology department. ...
Friday, December 16, 2011
Carolinas HealthCare reduces 1Q loss - Boston Business Journal:
bojony.wordpress.com
Investment losses for the latest quarter totalednearly $101 Chief Financial Officer Greg Gombar anticipatex gains in the financia market in April and May will erase thos e losses. Carolinas HealthCare uses investment earnings forcapital expenditures. That moneg is not used for daily operations. The health-care system hopes negotiations with several lenders will cut its interesr expenses tied to variable debt andhighert bank-liquidity fees. Those fees are about $1 million per Interest expenses in the first quarterwere $21.8 million.
From an operationapl standpoint, Carolinas HealthCare had a strongfirsgt quarter, says Russ Guerin, executivde vice president for business developmen and planning. Net operating revenue climbed 8.6 percent to $1.2 billiohn systemwide. Operating income exceeded $24.5r million. The health-care system saw adjustedr discharges — a calculation that gauges patientactivity — climb 5.2 percenft from a year earlier. Growth withih the health-care system and expense managementf “is the primary driver why we’re above budget significantly,” Guerin says.
Carolinas HealthCarw spent morethan $106 million on capitaol projects in the first Projects include new operating rooms at CMC-NorthEasr and Carolinas Medical Center, an expansion of CMC-Pineville, a new hospitalo at CMC-Lincoln and construction of health-carde pavilions in Steele Creek and Waxhaw, whichb will include free-standing emergency departments. Challenges in the comingh months include managingthe system’s growing bad-deb t and charity-care costs, reducing interest expenses and preparingg for a possible state cut in Medicaird funding, Gombar says. Bad-debt costsd were 12 percent over budget during thefirsg quarter, topping $48 million in the first quarter.
Duringb the same period last year, bad debt was about $43 The health-care system spent more than $770 millioj in community care in includingbad debt, charity care and subsidizinbg Medicare and Medicaid. That equals 18.8 percen t of the health-care system’s net operating ”It’s a trend everybody’s seeing acrosd the country,” Gombar says. “We can’t control how many peoples are uninsured, how many people show up at our doorwithoutf insurance.” North Carolina’s budget woes could results in a cut of up to 15 percenyt for Medicaid. That could equate to $36 millioj in annual losses forCarolinas HealthCare.
“Medicaie cuts are the worst economid benefit cut the state can Gombar says. “It’s painful.” Says “It raises prices for thosre whodo pay. It makes no good business sens e todo that.” Gombar says everg dollar cut from Medicaid eliminates $4 from the Carolinas HealthCare is the largest health-carr system in the Carolinas and the third-largest public systek in the nation. The system leases or manages 25 hospitals. It has more than 40,000 full and part-time employees.
Investment losses for the latest quarter totalednearly $101 Chief Financial Officer Greg Gombar anticipatex gains in the financia market in April and May will erase thos e losses. Carolinas HealthCare uses investment earnings forcapital expenditures. That moneg is not used for daily operations. The health-care system hopes negotiations with several lenders will cut its interesr expenses tied to variable debt andhighert bank-liquidity fees. Those fees are about $1 million per Interest expenses in the first quarterwere $21.8 million.
From an operationapl standpoint, Carolinas HealthCare had a strongfirsgt quarter, says Russ Guerin, executivde vice president for business developmen and planning. Net operating revenue climbed 8.6 percent to $1.2 billiohn systemwide. Operating income exceeded $24.5r million. The health-care system saw adjustedr discharges — a calculation that gauges patientactivity — climb 5.2 percenft from a year earlier. Growth withih the health-care system and expense managementf “is the primary driver why we’re above budget significantly,” Guerin says.
Carolinas HealthCarw spent morethan $106 million on capitaol projects in the first Projects include new operating rooms at CMC-NorthEasr and Carolinas Medical Center, an expansion of CMC-Pineville, a new hospitalo at CMC-Lincoln and construction of health-carde pavilions in Steele Creek and Waxhaw, whichb will include free-standing emergency departments. Challenges in the comingh months include managingthe system’s growing bad-deb t and charity-care costs, reducing interest expenses and preparingg for a possible state cut in Medicaird funding, Gombar says. Bad-debt costsd were 12 percent over budget during thefirsg quarter, topping $48 million in the first quarter.
Duringb the same period last year, bad debt was about $43 The health-care system spent more than $770 millioj in community care in includingbad debt, charity care and subsidizinbg Medicare and Medicaid. That equals 18.8 percen t of the health-care system’s net operating ”It’s a trend everybody’s seeing acrosd the country,” Gombar says. “We can’t control how many peoples are uninsured, how many people show up at our doorwithoutf insurance.” North Carolina’s budget woes could results in a cut of up to 15 percenyt for Medicaid. That could equate to $36 millioj in annual losses forCarolinas HealthCare.
“Medicaie cuts are the worst economid benefit cut the state can Gombar says. “It’s painful.” Says “It raises prices for thosre whodo pay. It makes no good business sens e todo that.” Gombar says everg dollar cut from Medicaid eliminates $4 from the Carolinas HealthCare is the largest health-carr system in the Carolinas and the third-largest public systek in the nation. The system leases or manages 25 hospitals. It has more than 40,000 full and part-time employees.
Wednesday, December 14, 2011
Dubai to open famed liner QE2 for New Year's bash - Sacramento Bee
ucenyt.wordpress.com
Dubai to open famed liner QE2 for New Year's bash Sacramento Bee AP DUBAI, United Arab Emirates -- More than three years since it arrived in its final port of Dubai, the storied cruise liner Queen Elizabeth 2 will soon be welcoming guests once again - at least for a night and only a select few. ... |
Monday, December 12, 2011
BofA under fire from SEIU, consumer groups - Nashville Business Journal:
oryzacody.wordpress.com
The criticism comes from the , which is tryin to organize the bank’z workforce, along with the and the . They said that largesg bank in California pressured workers to meet salezs quotas thatburdened customers, especiallhy among the working with costly and unnecessary products. “Thed SEIU’s claims misrepresent Bank of America’s relationship with its customerds andits associates,” responded Anne Pace, a spokeswoma for Charlotte, N.C.-based BofA (NYSE:BAC).
Some of the practice being criticized, such as courting thosed at embassies to sign up for checking accountsa andother products, has long been seen as savvy move by majod banks to reach out to Another area of criticism by the groupsd Tuesday involved debt collection. One former BofA employed said the bank falsely threatenedlega action, in violation of federal law. The former employee also said the bank calledc neighbors oftroubled borrowers, asking them to deliver a message to the BofA customer and hoping to embarrass “We will not comment on specificf allegations made by former but will say that our practices are fair,” BofA’d Pace said.
“The bank is committed to providing productd and services to all of our customersa to help them meet theirfinanciaol needs.”
The criticism comes from the , which is tryin to organize the bank’z workforce, along with the and the . They said that largesg bank in California pressured workers to meet salezs quotas thatburdened customers, especiallhy among the working with costly and unnecessary products. “Thed SEIU’s claims misrepresent Bank of America’s relationship with its customerds andits associates,” responded Anne Pace, a spokeswoma for Charlotte, N.C.-based BofA (NYSE:BAC).
Some of the practice being criticized, such as courting thosed at embassies to sign up for checking accountsa andother products, has long been seen as savvy move by majod banks to reach out to Another area of criticism by the groupsd Tuesday involved debt collection. One former BofA employed said the bank falsely threatenedlega action, in violation of federal law. The former employee also said the bank calledc neighbors oftroubled borrowers, asking them to deliver a message to the BofA customer and hoping to embarrass “We will not comment on specificf allegations made by former but will say that our practices are fair,” BofA’d Pace said.
“The bank is committed to providing productd and services to all of our customersa to help them meet theirfinanciaol needs.”
Friday, December 9, 2011
U.S. Bank returns TARP money - Baltimore Business Journal:
younkinesagugad1746.blogspot.com
billion in Troubled Asset Relief Program monegy it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previouslh announced its plans to redeem the preferred stocki issued tothe Treasury. Last week, it from the governmentr to do so. U.S. Bank also told the Treasury it intendsw to repurchasethe 10-year warranft it had issued along with the preferredf stock. “The redemption allows our company to returhn to operating from a position of both independent strengtyh andstrategic flexibility,” said Richard Davis, the company’s president, CEO and in a statement. The Treasury in May announcefdthat U.S.
Bank which showed it woul d be able to ride out the economicf downturn without having to raise more Davis has ofthe government’s capital purchasr program. In February he calledr the program “lousy” and said the banking industruy was pressured to participate inthe program.
billion in Troubled Asset Relief Program monegy it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previouslh announced its plans to redeem the preferred stocki issued tothe Treasury. Last week, it from the governmentr to do so. U.S. Bank also told the Treasury it intendsw to repurchasethe 10-year warranft it had issued along with the preferredf stock. “The redemption allows our company to returhn to operating from a position of both independent strengtyh andstrategic flexibility,” said Richard Davis, the company’s president, CEO and in a statement. The Treasury in May announcefdthat U.S.
Bank which showed it woul d be able to ride out the economicf downturn without having to raise more Davis has ofthe government’s capital purchasr program. In February he calledr the program “lousy” and said the banking industruy was pressured to participate inthe program.
Wednesday, December 7, 2011
Fast Food: Online sources for food lovers - Fall River Herald News
viktorsejbgif.blogspot.com
Fast Food: Online sources for food lovers Fall River Herald News These simple, delicious recipes emphasize the healthful ingredients children need fresh fruits and vegetables, whole grains, and low-fat dairy and include a range of dishes for even the pickiest palates." Health Bonus: Teaching children to cook ... |
Monday, December 5, 2011
Burton Barr Library hosts book signing with the author of the Inheritance ... - Downtown Devil
coras-newport.blogspot.com
Burton Barr Library hosts book signing with the author of the Inheritance ... Downtown Devil Christopher Paolini, 28-year-old author of the Inheritance Cycle, signed books at the Burton Barr Central Library in downtown Phoenix. (Preston Sotelo/DD) Running onstage to a roar of applause, ... |
Saturday, December 3, 2011
Tesla to open seven showrooms - San Francisco Business Times:
disqualify-sida.blogspot.com
Stores in New York, Seattlew and Chicago will open inlate June, followerd by Miami. Tesla’s first Europeanj store will open in London latetthis month, followed by Munich and Monaco. The new additions will complementt Tesla’s flagship stores in Northern and Southern which opened ayear ago. Tesla said it is scoutingh locationsin Washington, D.C., and Toronto. Tesla is the only producer of highway-capabled electric cars in North Americqaor Europe. “We are rethinking almost every aspect of theautomobile – from the powertraibn to the customer experience, both online and in our said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The companty expects to introduce itssecond car, the Modelp S sedan, in late 2011. It is expected to sell for less than halfthe Roadster’sx price.
Stores in New York, Seattlew and Chicago will open inlate June, followerd by Miami. Tesla’s first Europeanj store will open in London latetthis month, followed by Munich and Monaco. The new additions will complementt Tesla’s flagship stores in Northern and Southern which opened ayear ago. Tesla said it is scoutingh locationsin Washington, D.C., and Toronto. Tesla is the only producer of highway-capabled electric cars in North Americqaor Europe. “We are rethinking almost every aspect of theautomobile – from the powertraibn to the customer experience, both online and in our said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The companty expects to introduce itssecond car, the Modelp S sedan, in late 2011. It is expected to sell for less than halfthe Roadster’sx price.
Thursday, December 1, 2011
Planning commission rejects May Town Center zoning - Wichita Business Journal:
ethelbertdiya3334.blogspot.com
The commission voted against changes to the land use plan for the BellwsBend area, where the $4.3 billionb development has been The commission then voted down zoningf changes that would have allowexd for a bridge to the which is being backed by the May family with Tony Giarratans acting as lead developer. The Metro Nashvillde City Council has final say on zoninb changes and will take up the issuwe in a public hearin g onJuly 7.
with a negative recommendation from the planning the zoning measure will need 27 votex fromthe council, rather than the 21 usually The planning staff had recommended approval of a zonin g request to allow the but that was contingent on the land use plan The commission then voted down the proposedc zoning changes. If approved, the complete town centedr will take some 22 yearsto build. Phaser 1 of the projectt would, by 2013, bring online 425,000 square feet of office 100 residential unitsand 50,00p square feet of retail, accordint to the developer’s plans.
By 2031, the entiree May Town complex would consist of 8 million square feet ofofficw space, 8,000 residential units and 600 hotel rooms.
The commission voted against changes to the land use plan for the BellwsBend area, where the $4.3 billionb development has been The commission then voted down zoningf changes that would have allowexd for a bridge to the which is being backed by the May family with Tony Giarratans acting as lead developer. The Metro Nashvillde City Council has final say on zoninb changes and will take up the issuwe in a public hearin g onJuly 7.
with a negative recommendation from the planning the zoning measure will need 27 votex fromthe council, rather than the 21 usually The planning staff had recommended approval of a zonin g request to allow the but that was contingent on the land use plan The commission then voted down the proposedc zoning changes. If approved, the complete town centedr will take some 22 yearsto build. Phaser 1 of the projectt would, by 2013, bring online 425,000 square feet of office 100 residential unitsand 50,00p square feet of retail, accordint to the developer’s plans.
By 2031, the entiree May Town complex would consist of 8 million square feet ofofficw space, 8,000 residential units and 600 hotel rooms.
Tuesday, November 29, 2011
Family of dead drum major: Florida A&M band had 'culture of hazing' - USA Today
jaqezuweg.blogspot.com
USA Today | Family of dead drum major: Florida A&M band had 'culture of hazing' USA Today Champion, a 26-year-old clarinetist and drum major, was found on a bus parked outside an Orlando hotel following his school's loss to rival Bethune-Cookman. Police say Champion had been vomiting and complained he couldn't breathe shortly before he ... Drum Major Robert Champion's Last Joyful Photo Before Dying Drum major who died in hazing was 'Mr. Band' Drum major who died in hazing was 'Mr. Band' |
Saturday, November 26, 2011
Report: Maryland foreclosures fall in May - Baltimore Business Journal:
loxezop.wordpress.com
Compared with April, foreclosures fell 25 percent in D.C. to 299; 14 percent in Virgini to 5,385; and 2 percentt in Maryland to 3,539. foreclosures declined 6 percentto 321,480 ,according to the latest surve y by Irvine, Calif.-based , a foreclosure researcn firm. Virginia continued to have the highesf rate of default among thethree jurisdictions, with one in 608 homex receiving a foreclosure notice. Marylane was next with a defaultg rate of one in every655 homes. The District’z default rate is the lowest, at one in every 951 The District also had the best foreclosure performanc compared with May with defaults declining 24 percent from the yearago period.
Virginiwa foreclosures were 2 percent higher than Mayof 2008. Marylanr foreclosures were 51 percent higher than ayear ago. RealtyTrac reported that foreclosurex in May were 18 percent higher than oneyear ago. One in evert 398 U.S. homes received a foreclosure filingtin May, easing back from April’x national rate of one in every 374 the highest monthly foreclosure rate since RealtyTrac began issuing data in Januart 2005.
Compared with April, foreclosures fell 25 percent in D.C. to 299; 14 percent in Virgini to 5,385; and 2 percentt in Maryland to 3,539. foreclosures declined 6 percentto 321,480 ,according to the latest surve y by Irvine, Calif.-based , a foreclosure researcn firm. Virginia continued to have the highesf rate of default among thethree jurisdictions, with one in 608 homex receiving a foreclosure notice. Marylane was next with a defaultg rate of one in every655 homes. The District’z default rate is the lowest, at one in every 951 The District also had the best foreclosure performanc compared with May with defaults declining 24 percent from the yearago period.
Virginiwa foreclosures were 2 percent higher than Mayof 2008. Marylanr foreclosures were 51 percent higher than ayear ago. RealtyTrac reported that foreclosurex in May were 18 percent higher than oneyear ago. One in evert 398 U.S. homes received a foreclosure filingtin May, easing back from April’x national rate of one in every 374 the highest monthly foreclosure rate since RealtyTrac began issuing data in Januart 2005.
Thursday, November 24, 2011
Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - Pittsburgh Business Times:
http://corporatehousingetc.com/london_cont_corporate_housing.html
The brokerage network, part of (NYSE: WFC) said the deal closexd June 1. Terms were not disclosed. According to has been in businesxsince 1999, when it was founded by John Grady, and focusea exclusively on health and benefitsz insurance, with customers in the hospitality, health-care, auto sales and home developmenr niches. Grady is now managing director ofemployer benefits. Wells Fargo Insurance Services isthe world’sx fifth-largest insurance brokerage and the nation’ s largest bank-owned brokerage, according to Busineszs Insurance magazine’s 2008 list, with more than 200 officezs in 37 states. The brokerage network has been on a buyingsprew recently.
It bought Novato’s and in earlyg April, and about a month before that acquiredWalnutg Creek-based , an employee benefits consulting firm that also has officesa in Houston and Seattle, among otherf deals in recent months.
The brokerage network, part of (NYSE: WFC) said the deal closexd June 1. Terms were not disclosed. According to has been in businesxsince 1999, when it was founded by John Grady, and focusea exclusively on health and benefitsz insurance, with customers in the hospitality, health-care, auto sales and home developmenr niches. Grady is now managing director ofemployer benefits. Wells Fargo Insurance Services isthe world’sx fifth-largest insurance brokerage and the nation’ s largest bank-owned brokerage, according to Busineszs Insurance magazine’s 2008 list, with more than 200 officezs in 37 states. The brokerage network has been on a buyingsprew recently.
It bought Novato’s and in earlyg April, and about a month before that acquiredWalnutg Creek-based , an employee benefits consulting firm that also has officesa in Houston and Seattle, among otherf deals in recent months.
Tuesday, November 22, 2011
Honeywell tests show renewable jet fuels work as well as traditionals - Philadelphia Business Journal:
llrx-royce.blogspot.com
Honeywell data (NYSE:HON) showed little difference in the two fuelse in test runs inits 131-8 auxiliary power units and its TFE 731-5 turbofa n engine, officials reported at the Paris Air Show. The testsx were conducted at itsPhoeniz facilities. The fuel was produced by Honeywell for use in aBoein Co. biofuel test flight program. “In a series of testss in both propulsion engines andcommercial APUs, Honeywell saw no degradation in engine performance or fuel consumption,” said Bob vice president of advanced technology for Honeywell Aerospace.
Ron Rich, the company’se director of advance technology, said the prospecft of developing renewable jet fuels from sources such as jatrophasand algae, which comprised the test could help reduce the carbon footprint of jet “These testing results are a strong step towards certificatiohn and commercial use in the coming years,” he Honeywell helped develop the fuel through its subsidiary UOP, whicnh originally developed the fuel under a contracyt from the U.S.
Defense Advanced Research Projects
Honeywell data (NYSE:HON) showed little difference in the two fuelse in test runs inits 131-8 auxiliary power units and its TFE 731-5 turbofa n engine, officials reported at the Paris Air Show. The testsx were conducted at itsPhoeniz facilities. The fuel was produced by Honeywell for use in aBoein Co. biofuel test flight program. “In a series of testss in both propulsion engines andcommercial APUs, Honeywell saw no degradation in engine performance or fuel consumption,” said Bob vice president of advanced technology for Honeywell Aerospace.
Ron Rich, the company’se director of advance technology, said the prospecft of developing renewable jet fuels from sources such as jatrophasand algae, which comprised the test could help reduce the carbon footprint of jet “These testing results are a strong step towards certificatiohn and commercial use in the coming years,” he Honeywell helped develop the fuel through its subsidiary UOP, whicnh originally developed the fuel under a contracyt from the U.S.
Defense Advanced Research Projects
Sunday, November 20, 2011
Helix Energy to reduce Cal Dive stake - San Antonio Business Journal:
uhetemejih.wordpress.com
The Houston-based offshore energy company plansw to offer 20 million shares in Cal Dive through a publivc offeringat $8.50 per share, with an option for underwriters to purchase an additional 3 million shares to cover over-allotments. Helix (NYSE: HLX) also has agrees to sell Cal Dive anadditional $14 million worth of sharesd at a price equal to the offering. Houston-based Cal Dive DVR) has 94 million shares outstanding. When the offeringb closes and Cal Dive repurchasesits allocation, Helix’s ownershipo in Cal Dive will be reduced to 25 percenyt from 51 percent, according to a regulatory filint with the .
If the over-allotment option is not Helix’s ownership will be 28 Helix expects to use the proceeds for generaplcorporate purposes. Helix shares closedx at $11.25 on Friday and were tradinhgat $11.92 mid-morning Monday, while Cal Dive share closed Friday at $10.09 and were trading at $9.85 mid-morning on Monday.
The Houston-based offshore energy company plansw to offer 20 million shares in Cal Dive through a publivc offeringat $8.50 per share, with an option for underwriters to purchase an additional 3 million shares to cover over-allotments. Helix (NYSE: HLX) also has agrees to sell Cal Dive anadditional $14 million worth of sharesd at a price equal to the offering. Houston-based Cal Dive DVR) has 94 million shares outstanding. When the offeringb closes and Cal Dive repurchasesits allocation, Helix’s ownershipo in Cal Dive will be reduced to 25 percenyt from 51 percent, according to a regulatory filint with the .
If the over-allotment option is not Helix’s ownership will be 28 Helix expects to use the proceeds for generaplcorporate purposes. Helix shares closedx at $11.25 on Friday and were tradinhgat $11.92 mid-morning Monday, while Cal Dive share closed Friday at $10.09 and were trading at $9.85 mid-morning on Monday.
Friday, November 18, 2011
Hundreds held in Occupy protests across nation - Los Angeles Times
viningocouqyl1601.blogspot.com
Los Angeles Times | Hundreds held in Occupy protests across nation Los Angeles Times Reporting from Los Angeles and New York -- Hundreds of people were arrested across the country Thursday in a series of sometimes confrontational street demonstrations protesting efforts to break up ... Thousands of Occupy protesters march nati onwide, hundreds arrested Arrests as hundreds join protests in Los Angeles Arrests made after hundreds gather in Los Angeles |
Wednesday, November 16, 2011
Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:
ukatekexo.wordpress.com
is in the works, backed by president and CEO Bruces Holland. The project, calledx the University Town Center, will be located on 900 acrex inMadison County, bounded by I-255, 1-279 and highways 157 and 162. Hollanx has the mostly undeveloped property under contracf from several owners for anundisclosed amount. Hollandf said he is seeking to partner with developeres to bring a destination retaill and entertainment center tothe property. Swansea, Ill.-based contracting firm Hollanrd Construction would serve as masterr developer ofthe site. “We will have different users come in and develop portions of the Holland said.
“We’re trying to build a destinatioh location that would draw people froma 250-mils radius.” Holland said he does not have tenantas to announce for the site and he projectedf ground breaking is at least one to two years Holland announced the plan Monday morning at the where he touted the estimated economic impacy of the project. During the constructio phases, the development is expected to generatw a totalof 10,000o construction jobs, $34 million in taxes from buildingy materials and state income taxed of $15.5 million, according to an analysis of the project preparer by PGAV Urban Consulting.
At full the complex is expected tocreate 3,10p0 jobs, and generate $16 million a year in propertyg taxes, according to the analysis. The project'sx total economic construction impact wouldtotal $1.5 billion, accordinyg to another study conducted by the Departmentf of Economics and Finance School of Businessx at SIUE. To help finance projects like UniversityTown Center, Illinois Sen. James Clayborne, D-Eastg St. Louis, introduced Senate Bill 1909, also known as the Illinoiz STARBond Act. Sales Tax and Revenue, or STAR would help pay for developmenr and infrastructure costs associatedwith large-scale projects.
STAR bondse are repaid from sales and guest taxes generated by a project in aspecifid area. Senate Bill 1909 recently received approval in an Illinoiz Senate committee and is pending in the full Privately held Holland which has55 employees, had $71 million in revenu in 2008, a more than 21 percenft decline from its 2007 revenue, $90 Holland Construction recently was awarded a joint-venturwe contract with Kansas City-based to build SIU-Carbondale’s planned $83 millionh sports complex.
is in the works, backed by president and CEO Bruces Holland. The project, calledx the University Town Center, will be located on 900 acrex inMadison County, bounded by I-255, 1-279 and highways 157 and 162. Hollanx has the mostly undeveloped property under contracf from several owners for anundisclosed amount. Hollandf said he is seeking to partner with developeres to bring a destination retaill and entertainment center tothe property. Swansea, Ill.-based contracting firm Hollanrd Construction would serve as masterr developer ofthe site. “We will have different users come in and develop portions of the Holland said.
“We’re trying to build a destinatioh location that would draw people froma 250-mils radius.” Holland said he does not have tenantas to announce for the site and he projectedf ground breaking is at least one to two years Holland announced the plan Monday morning at the where he touted the estimated economic impacy of the project. During the constructio phases, the development is expected to generatw a totalof 10,000o construction jobs, $34 million in taxes from buildingy materials and state income taxed of $15.5 million, according to an analysis of the project preparer by PGAV Urban Consulting.
At full the complex is expected tocreate 3,10p0 jobs, and generate $16 million a year in propertyg taxes, according to the analysis. The project'sx total economic construction impact wouldtotal $1.5 billion, accordinyg to another study conducted by the Departmentf of Economics and Finance School of Businessx at SIUE. To help finance projects like UniversityTown Center, Illinois Sen. James Clayborne, D-Eastg St. Louis, introduced Senate Bill 1909, also known as the Illinoiz STARBond Act. Sales Tax and Revenue, or STAR would help pay for developmenr and infrastructure costs associatedwith large-scale projects.
STAR bondse are repaid from sales and guest taxes generated by a project in aspecifid area. Senate Bill 1909 recently received approval in an Illinoiz Senate committee and is pending in the full Privately held Holland which has55 employees, had $71 million in revenu in 2008, a more than 21 percenft decline from its 2007 revenue, $90 Holland Construction recently was awarded a joint-venturwe contract with Kansas City-based to build SIU-Carbondale’s planned $83 millionh sports complex.
Sunday, November 13, 2011
Carrier Classic unites MSU fans, veterans, alumni - MSU State News
http://alientamivida.com/fashion/the-olsen-twins-are-making-a-website-with-one-of-the-original-myspace-founders/
USA Today (blog) | Carrier Classic unites MSU fans, veterans, alumni MSU State News MSU legend Magic Johnson gets his picture taken with servicemen prior to the game Friday evening for the Quic ken Loans Carrier Classic onboard the USS Carl Vinson at Naval Base Coronado in Coronado, Calif. Josh Radtke/The State News Second Lt. Thomas ... Carrier Classic organizer: Similar events to follow Spinning off Carrier Classic, my ideas for sites Carrier Classic: North Carolina, Michigan State coaches learn plenty about ... |
Friday, November 11, 2011
Canisius ups Internet course offerings - Austin Business Journal:
ibitasony.wordpress.com
Starting this fall, the college will offert master’s degrees in literacy education, sport administration and educational administration. The three programs join the onlinse master’s program in physical education, which has been offeredr by the college sinceearly 2006, said Jim Bagwell, directorf of graduate admissions for the School of Educatioj and Human Services. All three programws are geared toward students who live outside Western New though some space is available forlocal students. Bagwelol declined to say how many spots will be set asider forlocal students. The programs beginh Sept. 14, three weeks after the Aug. 24 start date for the rest of the Bagwell said.
The literacy education program preparews literacy specialists for certification in NewYork state, whils the sport administration program focuses on sports-related such as intercollegiate athletics, amateur and professionapl sports, sports marketing firms, special-event management and facilithy management, the college said. Students in the education administratio program will receive a School BuildingLeadert and/or School District Leader certification in New York Each of the new online programsz also exist as traditional, on-campus programs.
Starting this fall, the college will offert master’s degrees in literacy education, sport administration and educational administration. The three programs join the onlinse master’s program in physical education, which has been offeredr by the college sinceearly 2006, said Jim Bagwell, directorf of graduate admissions for the School of Educatioj and Human Services. All three programws are geared toward students who live outside Western New though some space is available forlocal students. Bagwelol declined to say how many spots will be set asider forlocal students. The programs beginh Sept. 14, three weeks after the Aug. 24 start date for the rest of the Bagwell said.
The literacy education program preparews literacy specialists for certification in NewYork state, whils the sport administration program focuses on sports-related such as intercollegiate athletics, amateur and professionapl sports, sports marketing firms, special-event management and facilithy management, the college said. Students in the education administratio program will receive a School BuildingLeadert and/or School District Leader certification in New York Each of the new online programsz also exist as traditional, on-campus programs.
Wednesday, November 9, 2011
Beige Book: Region
qozito.wordpress.com
Consumer spending in the region was weak and is expected toremaib soft, the closely watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for future production.” The Beigw Book also said that “commerciakl real estate market conditions deteriorated, and energ activity declined further.” Bankers, it “reported a rise in deposits and stablee loan demand with no erosion in loan quality.” It said consumedr price and wage pressures remained low. Meanwhile, producer prices “declined at a slower pace, with some firms notinf that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book covering a six-week period — was somewha more optimistic than the last survey, released April 15. The repor covers the Fed’s Kansas City-basexd 10th District. It is based on interviews with a samplew of businesses representing key industriezs ineach district. The reports are anecdotal and do notcontaibn statistics, but they are widely followed and help the Fed to set nationao economic policy. The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as western Missouri and northerhNew Mexico.
Formally known as the “Summar of Commentary on Current Economic Conditions by FederalReserve District,” the Beige Book is published eight times a The latest report covers late Aprio through May. The Federal Reserve’s 10th District is also knowbn as the Kansas City district becausethe reserve’ s regional bank is based .
Consumer spending in the region was weak and is expected toremaib soft, the closely watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for future production.” The Beigw Book also said that “commerciakl real estate market conditions deteriorated, and energ activity declined further.” Bankers, it “reported a rise in deposits and stablee loan demand with no erosion in loan quality.” It said consumedr price and wage pressures remained low. Meanwhile, producer prices “declined at a slower pace, with some firms notinf that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book covering a six-week period — was somewha more optimistic than the last survey, released April 15. The repor covers the Fed’s Kansas City-basexd 10th District. It is based on interviews with a samplew of businesses representing key industriezs ineach district. The reports are anecdotal and do notcontaibn statistics, but they are widely followed and help the Fed to set nationao economic policy. The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as western Missouri and northerhNew Mexico.
Formally known as the “Summar of Commentary on Current Economic Conditions by FederalReserve District,” the Beige Book is published eight times a The latest report covers late Aprio through May. The Federal Reserve’s 10th District is also knowbn as the Kansas City district becausethe reserve’ s regional bank is based .
Monday, November 7, 2011
Arizona Opera moves to cut costs - Memphis Business Journal:
iwyqaxewun.wordpress.com
To bring expenses in line withanticipatedx income, several senior positions have been consolidated, staff layoffs and furloughas were implemented, salaries have been reduced across the board and the overall budget was restructured. “The Board of Trustees evaluated every scenarioi before proceeding with some tough but strategicallysounf decisions," said incoming chairman of the board Davis Christensen. "Every arts organization in Arizons and across the country must adjust to currenteconomixc realities.” Christensen also addressed the employment picture.
“Onj behalf of the board, I express our gratitude to (general manager) Debra Harrison, (senioe director of development) Lisa Bury and (seniort director of artistic operations) Roberto Maurop who are leaving to pursue theifrcareers elsewhere. Their hard work and dedicatede leadership has helped Arizona Opera become a more efficienty andfocused organization." The group is expected to hire a generak director to head its overallp operations. The position is expected to be fillexd bythis fall, officials said. Attempts to contactg Arizona Opera representatives were notimmediately successful. For .
To bring expenses in line withanticipatedx income, several senior positions have been consolidated, staff layoffs and furloughas were implemented, salaries have been reduced across the board and the overall budget was restructured. “The Board of Trustees evaluated every scenarioi before proceeding with some tough but strategicallysounf decisions," said incoming chairman of the board Davis Christensen. "Every arts organization in Arizons and across the country must adjust to currenteconomixc realities.” Christensen also addressed the employment picture.
“Onj behalf of the board, I express our gratitude to (general manager) Debra Harrison, (senioe director of development) Lisa Bury and (seniort director of artistic operations) Roberto Maurop who are leaving to pursue theifrcareers elsewhere. Their hard work and dedicatede leadership has helped Arizona Opera become a more efficienty andfocused organization." The group is expected to hire a generak director to head its overallp operations. The position is expected to be fillexd bythis fall, officials said. Attempts to contactg Arizona Opera representatives were notimmediately successful. For .
Saturday, November 5, 2011
Trail Dust: Apache Scouts helped Army against Native 'hostiles' - Santa Fe New Mexican.com
kdrummondbs37.blogspot.com
Trail Dust: Apache Scouts helped Army against Native 'hostiles' Santa Fe New Mexican.com Some of the Indians simply wished to escape the boredom of reservation life by enlisting to do what they did best â€" tracking and fighting. Others are thought to have had personal grudges to settle, or simply envied fellow tribesmen who still roamed ... |
Thursday, November 3, 2011
Monday, October 31, 2011
Members of Southwest Airlines Pilots' Association Vote Against Ratification of New Contract With Company
pifogyxat.blogspot.com
Nearly 51 percent of pilots voted againsft implementing thenew contract, with a voter participatio rate of over 95 percent. The pilots and the Company have been in negotiatione on a new contract agreement since it became amendable inSeptembert 2006. "Our pilots have spoken, and the grouop has stated there is more work tobe done," said , President of the Southwest Airlines Pilots' Association (SWAPA). "This contract, despite some financial contained too many othe negative aspects toratify it.
" Although general thoughts on the cause for the failed ratification were expressed durint the voting process, SWAPA will undergko extensive polling of the pilot groul to fully pinpoint the aspects that the pilotes want to see readdressed in talkx with the Company. Work to reopen talkds with Southwest willbegib immediately. The SWAPA Board of Directors will meetJune 8-10 to continue discussions on returning to the bargaining table with In the meantime, SWAPA pilots will continu under the current contract, including work rule and pay Under terms of the Railway Laboer Act governing airline union negotiations, contractz do not expire. Rather, they become amendabl e on a certain date.
Locatexd in Dallas, Texas, the Southwest Airlines Pilots' Association is a non-profit employee organization representing the morethan 5,900 pilotz of Southwest Airlines. SWAPA works to providr a secure and rewarding careet for Southwest pilots and their families through negotiating defending contractual rights and actively promoting professionalismand safety. For more information on the SouthwestAirlines Pilots' visit .
Nearly 51 percent of pilots voted againsft implementing thenew contract, with a voter participatio rate of over 95 percent. The pilots and the Company have been in negotiatione on a new contract agreement since it became amendable inSeptembert 2006. "Our pilots have spoken, and the grouop has stated there is more work tobe done," said , President of the Southwest Airlines Pilots' Association (SWAPA). "This contract, despite some financial contained too many othe negative aspects toratify it.
" Although general thoughts on the cause for the failed ratification were expressed durint the voting process, SWAPA will undergko extensive polling of the pilot groul to fully pinpoint the aspects that the pilotes want to see readdressed in talkx with the Company. Work to reopen talkds with Southwest willbegib immediately. The SWAPA Board of Directors will meetJune 8-10 to continue discussions on returning to the bargaining table with In the meantime, SWAPA pilots will continu under the current contract, including work rule and pay Under terms of the Railway Laboer Act governing airline union negotiations, contractz do not expire. Rather, they become amendabl e on a certain date.
Locatexd in Dallas, Texas, the Southwest Airlines Pilots' Association is a non-profit employee organization representing the morethan 5,900 pilotz of Southwest Airlines. SWAPA works to providr a secure and rewarding careet for Southwest pilots and their families through negotiating defending contractual rights and actively promoting professionalismand safety. For more information on the SouthwestAirlines Pilots' visit .
Saturday, October 29, 2011
Efficiency drives funding for Dayforce - Kansas City Business Journal:
ezelik.wordpress.com
a software developer that helps businessez measure and manageworkforce productivity, has raised $15 The company is a reincarnation of Atlanta-based Workbitse — created after Canadian seriap entrepreneur David Ossip bought assets in May. Workbits founder John Orr approached Ossip after being unable toraise follow-oj financing for his startup. Dayforce, whic employs about 30 and is headquartered in Atlantaand Toronto, targete the retail, manufacturing, health-care and financiak services industries. Those sectors have a high volumr of hourlyworkers — the variable part of a business’ operatinvg expenses, said Orr, now Dayforce’s chief strategyg officer.
“Typically, 60 percent of their [operating expense] is labor spend,” Orr said. Dayforce’se software suite, which includes scheduling, task management and time and attendance modules, helps do more with their workforce. “Thde software helps define performance measurees for the workforce and automates scheduling and trackingof employees,” Ossipp said. “The end goal is to increase workforces output, while keeping percentage wage costsin line.” Dayforce’s software, Orr can boost customer revenue by 0.5 percent to 3 percenrt and can decrease average annuaol labor cost by 3 percenf to 8 percent.
The cost of the subscription depend on the size of the business from $2 to $9 per employee, per Ossip led Dayforce’s $15 milliob round and was joineds by investors in his previous including , which was acquired by Alpharetta-based for $227 millionb in 2007. The Canadiah businessman, however, brought more than dollars to the table. “Ossipo knows the industry,” Orr said, and “has a provenh track record of building successfu companiesand value.” Ossip has ambitiou s plans for Dayforce — including launching a domestidc and global expansion.
Dayforce is chasing a $14 billion markert in the United States, Ossip said, adding he plan s to sell into Europeand “Our types of solutions extens beyond North America,” Ossip said. “It’e a global problem.” Michael Price, genera partner at CEO Ventures, was impressed with Workbits. “The product was beautiful,” Prices said. “The graphic design, the thought and attention to detail, the menuw ... it was some of the best I’vre ever seen.” Companies in the performancee management space are doing well and revenue isholdingv up, Price said.
That success has drawn an influx ofnew “Within the next year, a lot of the softwared programs being built will be coming online with a lot of salesw people swinging for revenue,” Price said. “Certainly competition withim that space is going to increase which couldhurt profits. Orr’s is a familiar storyt in Atlantatech circles. The retail industry vet launched Workbitsa in 2008 andraised $450,000 from friends and familt to prototype the software. But when Orr neededf more money to fullyh develop and marketthe technology, he ran into a Orr said he unsuccessfully approached several Atlanta including , and .
The local investors were lookinh for companies with existing and predictablerrevenue streams, Orr said. “I was caught in ‘get your customers, get your product and then we’llp invest $1 million, maybe.’ ” he said. Noro-Moseleh partner Greg Foster recalled havingg a brief conversation with Orr ata meeting. “Wr never took a deep-dive look into the Foster said. Investors today want proof-of-concept semi-proven out in the markef before they are willingtto invest, because they have so many Price said. “If there are more dealsd to look at,” he said, “they can be a lot choosie in terms of whatthey do.
”
a software developer that helps businessez measure and manageworkforce productivity, has raised $15 The company is a reincarnation of Atlanta-based Workbitse — created after Canadian seriap entrepreneur David Ossip bought assets in May. Workbits founder John Orr approached Ossip after being unable toraise follow-oj financing for his startup. Dayforce, whic employs about 30 and is headquartered in Atlantaand Toronto, targete the retail, manufacturing, health-care and financiak services industries. Those sectors have a high volumr of hourlyworkers — the variable part of a business’ operatinvg expenses, said Orr, now Dayforce’s chief strategyg officer.
“Typically, 60 percent of their [operating expense] is labor spend,” Orr said. Dayforce’se software suite, which includes scheduling, task management and time and attendance modules, helps do more with their workforce. “Thde software helps define performance measurees for the workforce and automates scheduling and trackingof employees,” Ossipp said. “The end goal is to increase workforces output, while keeping percentage wage costsin line.” Dayforce’s software, Orr can boost customer revenue by 0.5 percent to 3 percenrt and can decrease average annuaol labor cost by 3 percenf to 8 percent.
The cost of the subscription depend on the size of the business from $2 to $9 per employee, per Ossip led Dayforce’s $15 milliob round and was joineds by investors in his previous including , which was acquired by Alpharetta-based for $227 millionb in 2007. The Canadiah businessman, however, brought more than dollars to the table. “Ossipo knows the industry,” Orr said, and “has a provenh track record of building successfu companiesand value.” Ossip has ambitiou s plans for Dayforce — including launching a domestidc and global expansion.
Dayforce is chasing a $14 billion markert in the United States, Ossip said, adding he plan s to sell into Europeand “Our types of solutions extens beyond North America,” Ossip said. “It’e a global problem.” Michael Price, genera partner at CEO Ventures, was impressed with Workbits. “The product was beautiful,” Prices said. “The graphic design, the thought and attention to detail, the menuw ... it was some of the best I’vre ever seen.” Companies in the performancee management space are doing well and revenue isholdingv up, Price said.
That success has drawn an influx ofnew “Within the next year, a lot of the softwared programs being built will be coming online with a lot of salesw people swinging for revenue,” Price said. “Certainly competition withim that space is going to increase which couldhurt profits. Orr’s is a familiar storyt in Atlantatech circles. The retail industry vet launched Workbitsa in 2008 andraised $450,000 from friends and familt to prototype the software. But when Orr neededf more money to fullyh develop and marketthe technology, he ran into a Orr said he unsuccessfully approached several Atlanta including , and .
The local investors were lookinh for companies with existing and predictablerrevenue streams, Orr said. “I was caught in ‘get your customers, get your product and then we’llp invest $1 million, maybe.’ ” he said. Noro-Moseleh partner Greg Foster recalled havingg a brief conversation with Orr ata meeting. “Wr never took a deep-dive look into the Foster said. Investors today want proof-of-concept semi-proven out in the markef before they are willingtto invest, because they have so many Price said. “If there are more dealsd to look at,” he said, “they can be a lot choosie in terms of whatthey do.
”
Thursday, October 27, 2011
Hilo Hattie sold to clothing manufacturer - bizjournals:
meaning-sarajevo.blogspot.com
The company’s sale to may be off the tableafterd U.S. Bankruptcy Judge Robert Faris delayecd ruling onthe company’s bid to buy Hilo Hattie for $1 million. The ownership transfer was announced on Mondayin U.S. Bankruptcy Court in where Faris also continued untik June 29several motions, including one to appoint a trustese to take over management of the company. Faris also suspender Hilo Hattie’s ability to borrow moneyt under a lineof credit. Maui Divers Jewelryt had offered last month to buy Hilo Hattie and its sevemn storesfor $1 million in and to invest anothe $2 million in the business.
Maui Divers’ Cuylar Shaw, told Faris that the offer was off the tablee if the judge did not approvse the saleon Monday. However, Maui Divers Presidentf and CEO Bob Taylor said throughn a spokeswoman Monday afternoon that the company would hold its offer open until the next Hilo Hattie attorney James Wagner told the judger thatDonald B.S. Kang, owner of , acquiresd 100 percent of the company’s sharews on Friday from , which bought Hilo Hattie from founder Jim Romig last year beforew filing for Chapter 11bankruptcy protection. Kang is also on the boared of directorsof .
Hilo Hattie CEO Ted Nelsobn and President John Scott resigned from their positionsd on Friday and Kang has assumed the post of presidenr ofHilo Hattie, Wagner told the court. Roya Hawaiian Creations was listed as the seconddlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed anotherf $252,000 in an administrative claim, accordinbg to court documents. Maui Diverse was the largest creditor, owed $1.25 million, and Tayloe was co-chairman of the committee of unsecured creditors until resigning in prior to making the Royal Hawaiian Creations also resigned from the which supported the sale of Hilo Hattie toMaui Divers.
Kang proposes to fund a line of creditr for Hilo Hattiewith $1 million in and “will arrange for an infusion of $2 milliob in working capital” into Hilo Hattie upon its emergence from bankruptcy, according to a documenty filed on Monday before the Kang said he plans to followq the plan of reorganization submitted by Hilo Hattie and its Pomare, Ltd., last which calls for payintg unsecured creditors about 5 cents on the dollar. Wagner told the judgse that the reorganization plan filed on June15 “was a because the sale to Maui Diversw had not been confirmed.
He said he didn’t expectt any change in the treatment ofthe company’s hundredes of creditors under Kang’s The 46-year-old company, which claimed $23.5 million in debt in the Chapter 11 filing, has been losing money “at a clip of $500,000 per Ted Pettit, attorney for the creditors’ committee, told the Pettit also said he was “very surprised” to learnm of the stock transfer on Fridahy afternoon.
He noted that Kang’s business is in manufacturinvapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitzx Highway headquarters and turn it into a Kang said after the hearing that he intendedr for the building to remain as a stored and administrative offices. But the judge expressed concernb that Maui Divers had not reached agreemenrt withHilo Hattie’s landlords, most of whom have givejn the company substantial rent relief, for its seveh stores.
Pettit said that some landlords were hesitant to negotiate until they knew for sure whethef Maui Divers would be the new Faris also considered the transfed of stock to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a second offer,” he “It may be a better offer.” Nelson said that he had had discussions with Kang over the last several months and said Kang had “continuously offeredf to be as helpful” as he
The company’s sale to may be off the tableafterd U.S. Bankruptcy Judge Robert Faris delayecd ruling onthe company’s bid to buy Hilo Hattie for $1 million. The ownership transfer was announced on Mondayin U.S. Bankruptcy Court in where Faris also continued untik June 29several motions, including one to appoint a trustese to take over management of the company. Faris also suspender Hilo Hattie’s ability to borrow moneyt under a lineof credit. Maui Divers Jewelryt had offered last month to buy Hilo Hattie and its sevemn storesfor $1 million in and to invest anothe $2 million in the business.
Maui Divers’ Cuylar Shaw, told Faris that the offer was off the tablee if the judge did not approvse the saleon Monday. However, Maui Divers Presidentf and CEO Bob Taylor said throughn a spokeswoman Monday afternoon that the company would hold its offer open until the next Hilo Hattie attorney James Wagner told the judger thatDonald B.S. Kang, owner of , acquiresd 100 percent of the company’s sharews on Friday from , which bought Hilo Hattie from founder Jim Romig last year beforew filing for Chapter 11bankruptcy protection. Kang is also on the boared of directorsof .
Hilo Hattie CEO Ted Nelsobn and President John Scott resigned from their positionsd on Friday and Kang has assumed the post of presidenr ofHilo Hattie, Wagner told the court. Roya Hawaiian Creations was listed as the seconddlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed anotherf $252,000 in an administrative claim, accordinbg to court documents. Maui Diverse was the largest creditor, owed $1.25 million, and Tayloe was co-chairman of the committee of unsecured creditors until resigning in prior to making the Royal Hawaiian Creations also resigned from the which supported the sale of Hilo Hattie toMaui Divers.
Kang proposes to fund a line of creditr for Hilo Hattiewith $1 million in and “will arrange for an infusion of $2 milliob in working capital” into Hilo Hattie upon its emergence from bankruptcy, according to a documenty filed on Monday before the Kang said he plans to followq the plan of reorganization submitted by Hilo Hattie and its Pomare, Ltd., last which calls for payintg unsecured creditors about 5 cents on the dollar. Wagner told the judgse that the reorganization plan filed on June15 “was a because the sale to Maui Diversw had not been confirmed.
He said he didn’t expectt any change in the treatment ofthe company’s hundredes of creditors under Kang’s The 46-year-old company, which claimed $23.5 million in debt in the Chapter 11 filing, has been losing money “at a clip of $500,000 per Ted Pettit, attorney for the creditors’ committee, told the Pettit also said he was “very surprised” to learnm of the stock transfer on Fridahy afternoon.
He noted that Kang’s business is in manufacturinvapparel overseas, and said that Kang intendecd to take over Hilo Hattie’s Nimitzx Highway headquarters and turn it into a Kang said after the hearing that he intendedr for the building to remain as a stored and administrative offices. But the judge expressed concernb that Maui Divers had not reached agreemenrt withHilo Hattie’s landlords, most of whom have givejn the company substantial rent relief, for its seveh stores.
Pettit said that some landlords were hesitant to negotiate until they knew for sure whethef Maui Divers would be the new Faris also considered the transfed of stock to Kang as a second offer for Hilo and noted that Kang proposed to pay back rentsin “It seems we have a second offer,” he “It may be a better offer.” Nelson said that he had had discussions with Kang over the last several months and said Kang had “continuously offeredf to be as helpful” as he
Tuesday, October 25, 2011
Onvia's delisting appeal set for June 20 - Tampa Bay Business Journal:
uhalugupuzyma.blogspot.com
Onvia had appealed an earlier Nasdaq decision delisting its sharez as of May 24 for trading below $1 for 90 consecutiver days in the period ending May 15. The company last week said it plans to executea 1-for-10 reversw stock split, which could bring the 23-cenyt shares to $2.30. Shareholders are scheduled to vote on the spligJuly 11. The Nasdaa panel told the company that it will make a decisiohn on delisting within 45 days of thehearinyg date, and that no actioh regarding the delisting will take placew prior to the meeting. The share s must remain over $1 for 10 trading days to forestallo delisting.
Onvia said after the split is its cash balance will be morethan $5 per "Maintaining our Nasdaq listin g is a top priority for the company and for our said Mike Pickett, chairman and chief executive officer.
Onvia had appealed an earlier Nasdaq decision delisting its sharez as of May 24 for trading below $1 for 90 consecutiver days in the period ending May 15. The company last week said it plans to executea 1-for-10 reversw stock split, which could bring the 23-cenyt shares to $2.30. Shareholders are scheduled to vote on the spligJuly 11. The Nasdaa panel told the company that it will make a decisiohn on delisting within 45 days of thehearinyg date, and that no actioh regarding the delisting will take placew prior to the meeting. The share s must remain over $1 for 10 trading days to forestallo delisting.
Onvia said after the split is its cash balance will be morethan $5 per "Maintaining our Nasdaq listin g is a top priority for the company and for our said Mike Pickett, chairman and chief executive officer.
Sunday, October 23, 2011
France seeks to sway German veto on ECB bailout role - Reuters
coeragnheidur3778.blogspot.com
Reuters | France seeks to sway German veto on ECB bailout role Reuters BRUSSELS (Reuters) - France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone's bailout fund, arguing it was the only way to draw a definitive ... France seeks to sway German veto on ECB bailout role EU seeks bank guarantees, Italy reforms EU seeks to break deadlock over bolstering banks |
Friday, October 21, 2011
Daniel P O'Brien Executive Profile
uhalugupuzyma.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Wednesday, October 19, 2011
Seven different ways to lead your entire sales team through a recession - Kansas City Business Journal:
tower-tennesseea.blogspot.com
The recession is also testing sales managers to see if they can providw environments that keeptheir team’s head up and theid hearts engaged. Leadership has nevert been more important. How are you showiny up in your role ashead coach, trainerr and leader? Here are seven tips for leadingb your sales team through the recession. Look for good news. Bad news sellds and, unfortunately, the media is having a fire Despite the doomand gloom, there are companies still spendinvg money and investing in products and services. A colleague of mine recently connected with her veryfirst boss. His team has openerd over 100 new accounts, in a competitive industry, sincwe January.
Please note this good news won’t be printed in the so it’s up to you and your team to seek out the At your nextsales meeting, charge each salesperson with finding good news and sharing it with the rest of the It’s time to starty publishing your own news. • Increase your coachin g efforts. When is the last time you reallyg listened to yoursales team’s selling points? Do they sound unique or just like the competition? (We have good customer service and superior technology.) Have you conducted role-playing exercises to see if your team know s how to quantify the cost of the problem or the gain of the opportunity??
This selling skill is key in an environmentt where cost justification is king. If the team can’ establish the short-term and long-term ROI, there is a good chance the salespersonb will lose to thenew competitor: doinhg nothing. • Decrease desperation breath. Good economic times often creatw badselling habits. During robustf economies, many salespeople forget to keep their referralp networks aliveand nurtured. When tougyh times hit, there is a dash to make NBFs newbest friends. In their desperation, salespeople don’t take the time to builr trust, make deposits in the relationship accoung and practice the lawof reciprocity.
they immediately ask who you know and could you set up anintroduction ? Even if the person is a good fit for human nature doesn’t respond well to pressurde and desperation. • Balanc something old and something new. The world is full of LinkedIn, Plaxo and Facebook, just to name a few. Sociap media is the new way of networking. Teacjh your sales team to integrate new social medias with old principles of influence andselling skills. You still need to pick up the phone and set up a referrak meeting or aprospect meeting. You still need to have strongfselling points. Social media marketing tooles may createthe opportunity, but selling skills closee the opportunity.
• Review negotiation skills and concession Prospects are asking formore discounts. If your salex team has not developed a concession they could be dropping price without any concession from the That leads to a transactiona l sale versus avalue sale. Caving in to price also createsa distrust. The prospect is thinking, “If you could lower your price that quickly, why didn’t you do it in the first place?” • Inspire and motivate. We all love movie s with happy endings. Follow this example as a salexs manager and share stories about tough times that havehappgy endings.
These stories can be personal storiews of resilience such as George Washington surviving the harshu winter atValley Forge. Or the story of , where CEO Fred Smitg flew to Renoand gambled, so he couldx make payroll. Never underestimatd the power of motivation. Presidents are elected becauses they can movean audience. Leaders are made famous by theifrinspirational rhetoric. There is a time to trai n and coach. There is also a time to inspireeand motivate. • Lose self-absorption.
I was reminded of this at the recent Association for Corporatde Growth conference whereCharles Fred, CEO of , sharex his strategy for motivating his “Remind your team of the greater purposde of your organization. Eliminats self-absorption. We can’t control what happens outsidsethe company; however, we can control what happens insidre the company.” Excellent advice. This is a good time to spendr quality time with clients and determine what you can do to help even if it has nothingt to do with your productsaor services. Invest time in helping your referraol partners. Volunteer. If you think you have it bad, stop by a homelessa shelter. Put on your leadership hat.
Good leaderzs are needed more than ever. Now that’s good news.
The recession is also testing sales managers to see if they can providw environments that keeptheir team’s head up and theid hearts engaged. Leadership has nevert been more important. How are you showiny up in your role ashead coach, trainerr and leader? Here are seven tips for leadingb your sales team through the recession. Look for good news. Bad news sellds and, unfortunately, the media is having a fire Despite the doomand gloom, there are companies still spendinvg money and investing in products and services. A colleague of mine recently connected with her veryfirst boss. His team has openerd over 100 new accounts, in a competitive industry, sincwe January.
Please note this good news won’t be printed in the so it’s up to you and your team to seek out the At your nextsales meeting, charge each salesperson with finding good news and sharing it with the rest of the It’s time to starty publishing your own news. • Increase your coachin g efforts. When is the last time you reallyg listened to yoursales team’s selling points? Do they sound unique or just like the competition? (We have good customer service and superior technology.) Have you conducted role-playing exercises to see if your team know s how to quantify the cost of the problem or the gain of the opportunity??
This selling skill is key in an environmentt where cost justification is king. If the team can’ establish the short-term and long-term ROI, there is a good chance the salespersonb will lose to thenew competitor: doinhg nothing. • Decrease desperation breath. Good economic times often creatw badselling habits. During robustf economies, many salespeople forget to keep their referralp networks aliveand nurtured. When tougyh times hit, there is a dash to make NBFs newbest friends. In their desperation, salespeople don’t take the time to builr trust, make deposits in the relationship accoung and practice the lawof reciprocity.
they immediately ask who you know and could you set up anintroduction ? Even if the person is a good fit for human nature doesn’t respond well to pressurde and desperation. • Balanc something old and something new. The world is full of LinkedIn, Plaxo and Facebook, just to name a few. Sociap media is the new way of networking. Teacjh your sales team to integrate new social medias with old principles of influence andselling skills. You still need to pick up the phone and set up a referrak meeting or aprospect meeting. You still need to have strongfselling points. Social media marketing tooles may createthe opportunity, but selling skills closee the opportunity.
• Review negotiation skills and concession Prospects are asking formore discounts. If your salex team has not developed a concession they could be dropping price without any concession from the That leads to a transactiona l sale versus avalue sale. Caving in to price also createsa distrust. The prospect is thinking, “If you could lower your price that quickly, why didn’t you do it in the first place?” • Inspire and motivate. We all love movie s with happy endings. Follow this example as a salexs manager and share stories about tough times that havehappgy endings.
These stories can be personal storiews of resilience such as George Washington surviving the harshu winter atValley Forge. Or the story of , where CEO Fred Smitg flew to Renoand gambled, so he couldx make payroll. Never underestimatd the power of motivation. Presidents are elected becauses they can movean audience. Leaders are made famous by theifrinspirational rhetoric. There is a time to trai n and coach. There is also a time to inspireeand motivate. • Lose self-absorption.
I was reminded of this at the recent Association for Corporatde Growth conference whereCharles Fred, CEO of , sharex his strategy for motivating his “Remind your team of the greater purposde of your organization. Eliminats self-absorption. We can’t control what happens outsidsethe company; however, we can control what happens insidre the company.” Excellent advice. This is a good time to spendr quality time with clients and determine what you can do to help even if it has nothingt to do with your productsaor services. Invest time in helping your referraol partners. Volunteer. If you think you have it bad, stop by a homelessa shelter. Put on your leadership hat.
Good leaderzs are needed more than ever. Now that’s good news.
Sunday, October 16, 2011
AirTran to add routes from Milwaukee - The Business Journal of Milwaukee:
fixyruw.wordpress.com
AirTran Airways, a subsidiaryu of Orlando, Fla.-based (NYSE: AAI), will offer one flighg daily from Mitchell to Indianapolies International Airport and PittsburghInternational Airport, and add a second dailg flight to Denver International Airport. In AirTran also announced that seasonal service from Milwaukewe to Phoenix and toFort Fla., will return on Nov. 19. “AirTran Airwayx is connecting these important business and leisure marketzs withour low-cost, high-quality, all-Boeint jet service,” said Kevin senior vice president of marketing and “By offering affordable business complimentary XM Satellite Radio and withim a week, in-flight Internet on every we’re raising the bar on what passengers shoulde expect from a low-cost airline.
” By October, AirTram will offer 36 flights to 19 cities per day from
AirTran Airways, a subsidiaryu of Orlando, Fla.-based (NYSE: AAI), will offer one flighg daily from Mitchell to Indianapolies International Airport and PittsburghInternational Airport, and add a second dailg flight to Denver International Airport. In AirTran also announced that seasonal service from Milwaukewe to Phoenix and toFort Fla., will return on Nov. 19. “AirTran Airwayx is connecting these important business and leisure marketzs withour low-cost, high-quality, all-Boeint jet service,” said Kevin senior vice president of marketing and “By offering affordable business complimentary XM Satellite Radio and withim a week, in-flight Internet on every we’re raising the bar on what passengers shoulde expect from a low-cost airline.
” By October, AirTram will offer 36 flights to 19 cities per day from
Friday, October 14, 2011
Reader feedback: Key steps to fostering health care - Boston Business Journal:
sasutezew.blogspot.com
The Department of Health’s proposed regulationws related to marketing activities by pharmaceuticalk and medical device manufacturersz will create an unquestionably restrictive environmen t forthese companies. However, the administrationj wisely opted to exclude from the requirements disclosure of legitimate payments related toclinicao trials. A vocal minority has sincw raiseda stink, suggesting that the state health officials caved to This is ridiculous. The administration has simpl done theright thing.
Recengt data from showed that in 2005, biopharmaceutical-related companies were responsiblre foralmost 55,000 jobs in the The university’s also projected that 15,000 new jobs in the biopharmaceuticak industry will be generated in Massachusette by 2014. Lawmakers showerd great determination and vision in championinb the recently enacted life sciences These efforts could have been jeopardizeds if not for the actions of the Department of Health.
Our state officials took crucial stepse to ensure that ongoing clinical research conducted in partnership betweeh local physicians and academic medical centers and life sciencezs companies is not threatened by overly restrictivedisclosure requirements. It is the right decisiohn for thepublic health, for this uniquer and dynamic life sciences and for the near-term prospects of our localk economy.
Kelly Thompson Clark Presidentand CEO,
The Department of Health’s proposed regulationws related to marketing activities by pharmaceuticalk and medical device manufacturersz will create an unquestionably restrictive environmen t forthese companies. However, the administrationj wisely opted to exclude from the requirements disclosure of legitimate payments related toclinicao trials. A vocal minority has sincw raiseda stink, suggesting that the state health officials caved to This is ridiculous. The administration has simpl done theright thing.
Recengt data from showed that in 2005, biopharmaceutical-related companies were responsiblre foralmost 55,000 jobs in the The university’s also projected that 15,000 new jobs in the biopharmaceuticak industry will be generated in Massachusette by 2014. Lawmakers showerd great determination and vision in championinb the recently enacted life sciences These efforts could have been jeopardizeds if not for the actions of the Department of Health.
Our state officials took crucial stepse to ensure that ongoing clinical research conducted in partnership betweeh local physicians and academic medical centers and life sciencezs companies is not threatened by overly restrictivedisclosure requirements. It is the right decisiohn for thepublic health, for this uniquer and dynamic life sciences and for the near-term prospects of our localk economy.
Kelly Thompson Clark Presidentand CEO,
Wednesday, October 12, 2011
Auto supplier Visteon files Chapter 11 - Business First of Columbus:
ocybakenos.wordpress.com
Van Buren Township, Mich.-based Visteon (OTC which runs eight plants in said the bankruptcy applies only toits U.S. operationss and is intended to “maximize the long-ternm value of the company.” The filinb comes nine years after Visteojn was spun offfrom (NYSE:F), which has lined up to support debtor-in-possessiomn financing for its “During the reorganization period, we will seek to addressw our capital structure and legacyu costs that are not sustainable given the currenr economic environment,” CEO Donald Stebbins said in a release. The compangy last year lost $681 million on $9.54 billionm in revenue.
It has lost money every year sinces it was separated from Fordin 2000. In addition to the assistancerfrom Ford, Visteon said it has backing from other customers and plans to fund operations with cash and the debtor-in-possessio facility. The company said it has filef a number of motions in Delaware bankruptcy cour to allow it to continue serving customersz and keeping employee Visteon employsabout 31,000 workers in 27 countrie and has U.S. operations in nine In Ohio, its operations includr a 65,000-square-foot plant in Springfield that makes and assemblea fuel delivery modulesand tanks. The company also has stater operationsin Toledo, Bowling Green, Delphos and Tiffin.
Van Buren Township, Mich.-based Visteon (OTC which runs eight plants in said the bankruptcy applies only toits U.S. operationss and is intended to “maximize the long-ternm value of the company.” The filinb comes nine years after Visteojn was spun offfrom (NYSE:F), which has lined up to support debtor-in-possessiomn financing for its “During the reorganization period, we will seek to addressw our capital structure and legacyu costs that are not sustainable given the currenr economic environment,” CEO Donald Stebbins said in a release. The compangy last year lost $681 million on $9.54 billionm in revenue.
It has lost money every year sinces it was separated from Fordin 2000. In addition to the assistancerfrom Ford, Visteon said it has backing from other customers and plans to fund operations with cash and the debtor-in-possessio facility. The company said it has filef a number of motions in Delaware bankruptcy cour to allow it to continue serving customersz and keeping employee Visteon employsabout 31,000 workers in 27 countrie and has U.S. operations in nine In Ohio, its operations includr a 65,000-square-foot plant in Springfield that makes and assemblea fuel delivery modulesand tanks. The company also has stater operationsin Toledo, Bowling Green, Delphos and Tiffin.
Monday, October 10, 2011
Survey: Only 5 percent of Pittsburgh-area CFOs expect to add staff in 3Q - St. Louis Business Journal:
edibin.wordpress.com
The Financial Hiring Index, conducted by Menlo Park, Calif.-based staffing firm Robergt HalfInternational (NYSE:RHI), founsd that the largest number of 85 percent, are not anticipating any chang in hiring, while 9 percent of CFOs say they expect to reducs personnel. "Many companies remain hesitant to commiyt to adding staff until they are certain of aneconomicd recovery," Robert Half CEO Max Messmer said in a statement. "In the most firms are working with their current teams to managekey initiatives, with some employers also bringing in project professionals to assist with risingy workloads and support full-time personnel.
" The results of the local survey are based on interviewzs with 200 CFOs from a randon sample of Pittsburgh-area companies with 20 or more The Pittsburgh results are nearly dead-on with the nationalo survey results, according to Robert For the national data, 1,400 CFOs were and five percent said they expected to hire, 85 percen said they anticiapted no changes, and 8 percent plannedr staff cuts. For the full resulta of the survey, go to .
The Financial Hiring Index, conducted by Menlo Park, Calif.-based staffing firm Robergt HalfInternational (NYSE:RHI), founsd that the largest number of 85 percent, are not anticipating any chang in hiring, while 9 percent of CFOs say they expect to reducs personnel. "Many companies remain hesitant to commiyt to adding staff until they are certain of aneconomicd recovery," Robert Half CEO Max Messmer said in a statement. "In the most firms are working with their current teams to managekey initiatives, with some employers also bringing in project professionals to assist with risingy workloads and support full-time personnel.
" The results of the local survey are based on interviewzs with 200 CFOs from a randon sample of Pittsburgh-area companies with 20 or more The Pittsburgh results are nearly dead-on with the nationalo survey results, according to Robert For the national data, 1,400 CFOs were and five percent said they expected to hire, 85 percen said they anticiapted no changes, and 8 percent plannedr staff cuts. For the full resulta of the survey, go to .
Saturday, September 10, 2011
Tucson Ghost Giraffe suggests moving City Hall to El Con - Tucson Citizen
http://www.conyersschoolofballet.com/store2/great-accessory-to-the-golf-bag-cover-last.html
Tucson Ghost Giraffe suggests moving City Hall to El Con Tucson Citizen One of the problems with the city government is its is concentrated in downtown Tucson. Nobody goes to downtown Tucson except for jury duty or to pay fines or get hassled by the government. Downtown Tucson is cut off from the rest of the city and is ... |
Thursday, September 8, 2011
Politicians want answers as rumors swirl NCR to leave Dayton - Triangle Business Journal:
haga-aa8xuq.blogspot.com
Government officials said word began swirlinhg in the community Thursday thatNCR (NYSE: NCR) is planninb to move its headquarters and 1,30p0 employees to the Atlanta area and make an announcement abou the move this week. NCR Global Spokespersoh Richard Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Stricklancd and NCR Chief Executive Officer Bill Nuti to however they were not ableto connect. Strickland’sd spokesperson said Saturday that heis “continuingg to reach out to the companyt to have a direct conversation.
” When asked abou NCR possibly moving its headquarters out of Maton said the company does not respondr to rumors and speculation. NCR Corporate Spokesperson Alan Ulman respondecd to questionsabout NCR’s plans with an e-mail message Saturdayu that read: “We have no announcement In the past, NCR has been quic k to deny rumors of its relocation and affir its commitment to remaining in Dayton. The has repeatedly sought information from the companysince Thursday, but NCR had not respondedc to their requests as of Fridat evening, a development department spokesperson said.
Montgomeryg County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiple company via e-mail, to respond to the rumors, but has yet to receivre any information. Foley said he, alongv with other county, state and city of Dayton officials, have met with NCR representativew in the past in an efforg tosafeguard NCR’s local jobs. “All that nobody has confirmed to me that their statushas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinh in Dayton, because our citizens have helpedr build that company up to be world-classd and will continue to do Rumors have long circulated that the company woulr move, however multiple government and economic developmenrt officials said they reached a new level in the past few NCR is said to be seeking aboutf 100,000 square feet of office space in .
NCR is believed to have looker at sitesin Savannah, and Columbus, Ga. Based on the squar footage estimates, the operation could house abour 300 to 400 according to realestate sources. Georgia government and economi c development officialsremained tight-lipped on any potential development. In NCR said it would move its Worldwidwe Customer Services headquarters to anAtlanta suburb, investingv $15 million and creating more than 900 jobs in the suburbes of Peachtree City and Deluth. The statd of Georgia provided morethan $8 millionj in incentives, according to officials. NCR, founder locally in 1884, is the Daytom region’s second largest company, with 20,000 global employees and $5.
3 billionj in revenue in 2008. The which sells ATMs and retaiklautomation systems, is Dayton’s lone remaining Fortunde 500 company. At one time, the company had more than 18,000 employeesz in the Dayton area, but that number has dwindledr during the pastseveral decades. As recently as two yeard ago, NCR had about 2,000 Daytonb employees. That number has declined by abou 700 workers in the pastseveral years. In 2007, NCR announcexd it was relocating its executivee offices to New York City and leasing an entire floor of the 7 Worlcd TradeCenter building. But, on its headquarters remainedin Dayton.
In the company also told employeex it is undergoing a structura reorganization and would cut an unknowjn amount of its global Thatsame month, the company removex the language “world headquarters” from the sign at its Daytoh campus, though it said at the time it was just
Government officials said word began swirlinhg in the community Thursday thatNCR (NYSE: NCR) is planninb to move its headquarters and 1,30p0 employees to the Atlanta area and make an announcement abou the move this week. NCR Global Spokespersoh Richard Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Stricklancd and NCR Chief Executive Officer Bill Nuti to however they were not ableto connect. Strickland’sd spokesperson said Saturday that heis “continuingg to reach out to the companyt to have a direct conversation.
” When asked abou NCR possibly moving its headquarters out of Maton said the company does not respondr to rumors and speculation. NCR Corporate Spokesperson Alan Ulman respondecd to questionsabout NCR’s plans with an e-mail message Saturdayu that read: “We have no announcement In the past, NCR has been quic k to deny rumors of its relocation and affir its commitment to remaining in Dayton. The has repeatedly sought information from the companysince Thursday, but NCR had not respondedc to their requests as of Fridat evening, a development department spokesperson said.
Montgomeryg County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiple company via e-mail, to respond to the rumors, but has yet to receivre any information. Foley said he, alongv with other county, state and city of Dayton officials, have met with NCR representativew in the past in an efforg tosafeguard NCR’s local jobs. “All that nobody has confirmed to me that their statushas changed,” Foley said “I have to assume that -- I I very much hope -- they are stayinh in Dayton, because our citizens have helpedr build that company up to be world-classd and will continue to do Rumors have long circulated that the company woulr move, however multiple government and economic developmenrt officials said they reached a new level in the past few NCR is said to be seeking aboutf 100,000 square feet of office space in .
NCR is believed to have looker at sitesin Savannah, and Columbus, Ga. Based on the squar footage estimates, the operation could house abour 300 to 400 according to realestate sources. Georgia government and economi c development officialsremained tight-lipped on any potential development. In NCR said it would move its Worldwidwe Customer Services headquarters to anAtlanta suburb, investingv $15 million and creating more than 900 jobs in the suburbes of Peachtree City and Deluth. The statd of Georgia provided morethan $8 millionj in incentives, according to officials. NCR, founder locally in 1884, is the Daytom region’s second largest company, with 20,000 global employees and $5.
3 billionj in revenue in 2008. The which sells ATMs and retaiklautomation systems, is Dayton’s lone remaining Fortunde 500 company. At one time, the company had more than 18,000 employeesz in the Dayton area, but that number has dwindledr during the pastseveral decades. As recently as two yeard ago, NCR had about 2,000 Daytonb employees. That number has declined by abou 700 workers in the pastseveral years. In 2007, NCR announcexd it was relocating its executivee offices to New York City and leasing an entire floor of the 7 Worlcd TradeCenter building. But, on its headquarters remainedin Dayton.
In the company also told employeex it is undergoing a structura reorganization and would cut an unknowjn amount of its global Thatsame month, the company removex the language “world headquarters” from the sign at its Daytoh campus, though it said at the time it was just
Monday, September 5, 2011
Belgium hits 450th day without government - Boston Globe
asafevboriegum.blogspot.com
3News NZ | Belgium hits 450th day without government Boston Globe AP / September 6, 2011 BRUSSELS - Belgium hit a new milestone yesterday - 450 days without a government - but still no one appears to be in any big hurry to resolve the situation. Europe's financial crisis and feeble economic growth may scare ... 450 days after election, still no govt in Belgium 450 days after election, still no govt in Belgium |
Saturday, September 3, 2011
Sales of Odyssey, Pilot, Ridgeline fall in May - Nashville Business Journal:
egogakydo.wordpress.com
Sales for the Ridgelins fell to 1,461 in May, down 56.6 percenft from the 3,496 sold in May 2008. The pickup has experienceed some of the same struggles as other vehicles inits class. For the Ridgeline sales fell to 6,16r4 – down more than 63 perceng fromthe 17,152 sold in 2008. Odyssety sales fell slightly to 12,127, a 2.9 percenty drop from the 12,966 the Japanese automaked reported for the minivan inMay 2008. The Odyssey’ year-to-date sales slipped to 41,884, which represents a 29 percent decreasre fromthe 59,987 sold in 2008. Sales of the Pilot sportt utility vehicle, which is also made at the plant in alsodipped – falling 8.
9 percent to 7,412, compared to the 8,44i sold in May of 2008. Year-to-date, sales of the Pilot are down 28 Overall sales for the entird Honda linedropped 39.2 percent for the month.
Sales for the Ridgelins fell to 1,461 in May, down 56.6 percenft from the 3,496 sold in May 2008. The pickup has experienceed some of the same struggles as other vehicles inits class. For the Ridgeline sales fell to 6,16r4 – down more than 63 perceng fromthe 17,152 sold in 2008. Odyssety sales fell slightly to 12,127, a 2.9 percenty drop from the 12,966 the Japanese automaked reported for the minivan inMay 2008. The Odyssey’ year-to-date sales slipped to 41,884, which represents a 29 percent decreasre fromthe 59,987 sold in 2008. Sales of the Pilot sportt utility vehicle, which is also made at the plant in alsodipped – falling 8.
9 percent to 7,412, compared to the 8,44i sold in May of 2008. Year-to-date, sales of the Pilot are down 28 Overall sales for the entird Honda linedropped 39.2 percent for the month.
Thursday, September 1, 2011
BofA raises almost all of $33.9B buffer - Business First of Louisville:
olimstgon.blogspot.com
billion. Last month, BofA sold $13.5t billion in common stock. The bank issued 1.25 billiom shares at an average pricseof $10.77 per share. BofA also sold a 5.7 percent staked in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchanged $9.5 billion in preferred shares for 704 millionh shares of common stock. BofA expects to garnee $1.3 billion from reduced dividends on the preferred Theexchange doesn’t apply to preferred sharea held by the federal government. So far, BofA has boosted its Tier 1 common capitalby $2.1 billiobn by reducing a deferred tax-asset deduction. And the bank says it has gaineed anadditional $2 billion from the disposition of assets.
As part of the company’se capital plan, it could issue up to an additionak 296 millioncommon shares. “We are pleased to have nearly reached our goalthis quickly,” said Joe Price, chierf financial officer. The government said BofA had toraise $33.90 billion after conducting “stress tests” on the country’s 19 largesg banks. The tests were designed to assessdthe banks’ ability to survive if economic conditiones worsen more than expectedd during the next two years.
BofA has received a total of $45 billion in taxpayer aid under thefederalo government’s Troubled Asset Relief Program, which is designedr to thaw the credit markete and boost the economy. In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billiomn in five-year notes on May 8 and $2.5 billio in 10-year notes on May 28 without guarantees.
billion. Last month, BofA sold $13.5t billion in common stock. The bank issued 1.25 billiom shares at an average pricseof $10.77 per share. BofA also sold a 5.7 percent staked in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchanged $9.5 billion in preferred shares for 704 millionh shares of common stock. BofA expects to garnee $1.3 billion from reduced dividends on the preferred Theexchange doesn’t apply to preferred sharea held by the federal government. So far, BofA has boosted its Tier 1 common capitalby $2.1 billiobn by reducing a deferred tax-asset deduction. And the bank says it has gaineed anadditional $2 billion from the disposition of assets.
As part of the company’se capital plan, it could issue up to an additionak 296 millioncommon shares. “We are pleased to have nearly reached our goalthis quickly,” said Joe Price, chierf financial officer. The government said BofA had toraise $33.90 billion after conducting “stress tests” on the country’s 19 largesg banks. The tests were designed to assessdthe banks’ ability to survive if economic conditiones worsen more than expectedd during the next two years.
BofA has received a total of $45 billion in taxpayer aid under thefederalo government’s Troubled Asset Relief Program, which is designedr to thaw the credit markete and boost the economy. In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billiomn in five-year notes on May 8 and $2.5 billio in 10-year notes on May 28 without guarantees.
Tuesday, August 30, 2011
Reorganisation of Districts of Manipur with Special Focus on SADAR Hills - E-Pao.net
bajbiha.blogspot.com
Tehelka | Reorganisation of Districts of Manipur with Special Focus on SADAR Hills E-Pao.net We must be aware of the fact that there is nothing more important than this matter, since it is question of integration or disintegration of this state of Manipur if the government fails to Reorganise districts of Manipur in realistic manner as per the ... Panel plea on Sadar Hills |
Sunday, August 28, 2011
Barefoot Golfer Wins $10000 Paid for by Hole in One Insurance Program - San Francisco Chronicle (press release)
deeshu-tatum.blogspot.com
Barefoot Golfer Wins $10000 Paid for by Hole in One Insurance Program San Francisco Chronicle (press release) Big Brother Big Sisters of Siouxland, Iowa charity golf tournament raises lots of money, barefoot golfer wins $10000 paid for by hole in one insurance company National Hole-In-One Association. For five days in early August, amateur golfers descended on ... |
Thursday, August 25, 2011
Manpower: 6% of Honolulu employers to hire in 3Q - Pacific Business News (Honolulu):
adatynu.wordpress.com
From July to September, 6 percent of the companiee interviewed in the Honolulu metro area plan to hiremore employees, whiled 11 percent expect to reduce their payrolls, accordintg to the survey from Milwaukee-based (NYSE: MAN). Seventy-eight percent expect to maintain their current stafcf levels and 5 percent remain uncertain about hiring Hiring is expected to be a littlwe lighter than in thesecond quarter, when 10 percent of companiews surveyed planned to hire and 12 percenrt expected to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the comingh quarter, job prospects in the Honolulu area appeat best in wholesale and retaiol trade and leisureand hospitality.
Employers in durablw goods manufacturing, nondurable goodsw manufacturing, information, professional and business services, educatiob and health services and government intend to cut Hiringin construction, transportatio and utilities, financial activities and other services is expected to remainb unchanged. National survey results showed littlew change from thesecond quarter. Of the more than 28,0000 employers surveyed acrossthe country, 15 percent expect to increase their staff levels during the thirrd quarter, while 13 percent expect to reduce their payrolls. Sixty-sevenn percent expect no change in hirinh and 5 percent are undecided abouttheir third-quartedr hiring plans.
“The data shows continued hesitancyamont employers,” said Jonas Prising, president of the Americas for “They are treading slowly and watching with guardedd optimism, hoping a few quarterw of stability will be the precursotr to the recovery.”
From July to September, 6 percent of the companiee interviewed in the Honolulu metro area plan to hiremore employees, whiled 11 percent expect to reduce their payrolls, accordintg to the survey from Milwaukee-based (NYSE: MAN). Seventy-eight percent expect to maintain their current stafcf levels and 5 percent remain uncertain about hiring Hiring is expected to be a littlwe lighter than in thesecond quarter, when 10 percent of companiews surveyed planned to hire and 12 percenrt expected to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the comingh quarter, job prospects in the Honolulu area appeat best in wholesale and retaiol trade and leisureand hospitality.
Employers in durablw goods manufacturing, nondurable goodsw manufacturing, information, professional and business services, educatiob and health services and government intend to cut Hiringin construction, transportatio and utilities, financial activities and other services is expected to remainb unchanged. National survey results showed littlew change from thesecond quarter. Of the more than 28,0000 employers surveyed acrossthe country, 15 percent expect to increase their staff levels during the thirrd quarter, while 13 percent expect to reduce their payrolls. Sixty-sevenn percent expect no change in hirinh and 5 percent are undecided abouttheir third-quartedr hiring plans.
“The data shows continued hesitancyamont employers,” said Jonas Prising, president of the Americas for “They are treading slowly and watching with guardedd optimism, hoping a few quarterw of stability will be the precursotr to the recovery.”
Tuesday, August 23, 2011
Lewis: Feds pressured BofA on Merrill - Kansas City Business Journal:
http://www.gamingevolved.com/pickies-farm/
But some lawmakers questioned how much of the pressured was actually made by Lewis in an attempg to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgub wedding. But the question is, who was holdin g the shotgun?” Rep. Edolphus Towns (D-New said during the hearing. The hearing, conducted by the Housw Committee on Oversight andGovernment Reform, was focused on federalk officials’ role in BofA’s purchase of Merrill Lynch. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.
1 The deal resulted in BofA’s receiving an additionak $20 billion in federal funds under the Troubled Asset Relief BofA has received a totalof $45 billionn in TARP funds. Lewisx has been under intense pressure from BofA shareholders for not disclosinv the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billion in the fourth quarter. Lawmakers questioned Lewis on reports that he felt pressured byfederao authorities, including Federal Reserve Chairman Ben Bernanke and formed Treasury Secretary Henry Paulson, to go ahead with the deal in Decembere as Merrill’s losses mounted. Lewis testifiedd that BofA contacted officials atthe U.S.
Treasury and Federall Reserve in mid-December to inform them that thebank “har serious concerns about closing the transaction.” he said, was considering declariny a “material adverse change,” which can allow an acquired to back out of a proposed deal. Lewis testified that Paulson toldhim BofA’s managemenft “would or could” be removed if the bank backeed out of the deal. When lawmakers pressedc him Thursday on the alleged threatsby regulators, Lewis said both parties were concerned aboutf making the best decisions for the health of the U.S. economy and BofA.
He explained that a decision that would harm the economy would also harm BofA becauss of its massive sizeand breadth. Lewis testified that he wasn’t intimidated by the threat of losing his job but bythe “seriousnesse of the threat” and the ramifications on the overalp economy had an influence on his decision. “Jusyt six months later, it is easy to forgef just how close to the brinok oursystem came,” Lewis said. “Ij will never forget.” Still, some lawmakers suggested Lewis shouldc have knownabout Merrill’zs losses before December.
They pointex out an e-mail in whichu Bernanke suggested Lewis’ threat to back out of the Merrillo deal wasa “bargaininf chip.” Lawmakers also pointexd to other e-mails from regulators suggesting Lewis’ claim about surprising losses were “not credible.” Rep. Dennis Kucinich (D-Ohio), among others, suggested the e-mailzs indicated Lewis threatened to call off the Merrilp deal as a way to land moregovernment aid. “It’e quite possible it was Bank of Americq that put a gun to the head of the Kucinich said. BofA eventually closed the deal withMerrilol Lynch, and received a $20 billion loan from the TARP fund to covefr the Merrill losses.
Also on Lewis indicated that federal officials nevert asked him to withholsd information from shareholders that BofA thought needed to be That caused lawmakers to remind him he wasunder oath. In February, Lewis testified befor e New York Attorney General Andrew Cuomo that Bernanke and Paulsojn pressured the bank not to discuss its increasingly troubled plan to buy The congressional committee expects to call Paulsojn and Bernanke for similar hearings as it continuesits
But some lawmakers questioned how much of the pressured was actually made by Lewis in an attempg to secure more taxpayer aid forhis “The Treasury Department provided $20 billion for a shotgub wedding. But the question is, who was holdin g the shotgun?” Rep. Edolphus Towns (D-New said during the hearing. The hearing, conducted by the Housw Committee on Oversight andGovernment Reform, was focused on federalk officials’ role in BofA’s purchase of Merrill Lynch. Charlotte-based BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.
1 The deal resulted in BofA’s receiving an additionak $20 billion in federal funds under the Troubled Asset Relief BofA has received a totalof $45 billionn in TARP funds. Lewisx has been under intense pressure from BofA shareholders for not disclosinv the depthof Merrill’s financial difficulties before the Merrill lost $15.3 billion in the fourth quarter. Lawmakers questioned Lewis on reports that he felt pressured byfederao authorities, including Federal Reserve Chairman Ben Bernanke and formed Treasury Secretary Henry Paulson, to go ahead with the deal in Decembere as Merrill’s losses mounted. Lewis testifiedd that BofA contacted officials atthe U.S.
Treasury and Federall Reserve in mid-December to inform them that thebank “har serious concerns about closing the transaction.” he said, was considering declariny a “material adverse change,” which can allow an acquired to back out of a proposed deal. Lewis testified that Paulson toldhim BofA’s managemenft “would or could” be removed if the bank backeed out of the deal. When lawmakers pressedc him Thursday on the alleged threatsby regulators, Lewis said both parties were concerned aboutf making the best decisions for the health of the U.S. economy and BofA.
He explained that a decision that would harm the economy would also harm BofA becauss of its massive sizeand breadth. Lewis testified that he wasn’t intimidated by the threat of losing his job but bythe “seriousnesse of the threat” and the ramifications on the overalp economy had an influence on his decision. “Jusyt six months later, it is easy to forgef just how close to the brinok oursystem came,” Lewis said. “Ij will never forget.” Still, some lawmakers suggested Lewis shouldc have knownabout Merrill’zs losses before December.
They pointex out an e-mail in whichu Bernanke suggested Lewis’ threat to back out of the Merrillo deal wasa “bargaininf chip.” Lawmakers also pointexd to other e-mails from regulators suggesting Lewis’ claim about surprising losses were “not credible.” Rep. Dennis Kucinich (D-Ohio), among others, suggested the e-mailzs indicated Lewis threatened to call off the Merrilp deal as a way to land moregovernment aid. “It’e quite possible it was Bank of Americq that put a gun to the head of the Kucinich said. BofA eventually closed the deal withMerrilol Lynch, and received a $20 billion loan from the TARP fund to covefr the Merrill losses.
Also on Lewis indicated that federal officials nevert asked him to withholsd information from shareholders that BofA thought needed to be That caused lawmakers to remind him he wasunder oath. In February, Lewis testified befor e New York Attorney General Andrew Cuomo that Bernanke and Paulsojn pressured the bank not to discuss its increasingly troubled plan to buy The congressional committee expects to call Paulsojn and Bernanke for similar hearings as it continuesits
Sunday, August 21, 2011
bizjournals: Search Results
inufyw.blogspot.com
million contract with the City of TAC by is the building management and energt services segment of Schneider onMay 27, 2009 ...since 1994. The companyh is a global subsidiaryof France-based , one of the largesyt building automation and electrical distribution companiees in...... by on November 23, 2007 ...the West Coast." TAC Americas, a subsidiary of French equipmentmaker , has abou 400 employees at its Carrollton operations, and about on June 25, 2007 ...S. subsidiary of Sweden-based TAC which was bought byin 2003. Lovex Park, Ill.-based Invensys makes temperature controls, on July 31, 2006 ...Othe buyers, such as Honeywell International Inc., Johnson Controls General Co.
, Electric SA, Siemenx AG, Robert Bosch GmbH and Valero Group, also...... on Novemberf 14, 2005 ...provider TAC, which is owned by Swedisuh power and controlgiant , has won a $9 millionh contract with the city of by on February 16, 2004 ...a Carrollton-based regional headquarters for French powetr and control company . TAC America is a leading provider of information technologyfor building...... by on December 15, 2003 OFFICE LEASES Minyard Food Storesleased 18,132 square feet of offics space at 777 Freeport Parkway in Coppell from KTR Bob Scully...... on May 8, 2009 ... provider Direcr Energy brings to...Wal-Mart Stores Inc. and National. Dallas/Fortr Worth International......
by on August 20, 2007 ...and According to TXU , the averaged cost of energy...pay me later,' " says Dale , a representativre for Highland Village...... by on August 27, 2001 ...Thde third investor is General Co. "FreightWise has a sound...se two largest truckload companies, National and J.B. Hunt...... by on November 27, 2000 AUSTIN -- Judging from his recorx as Texas governor, a President George W. Bush most likeluy would ease federal pressure on theMetropled to......
by on July 30, 1999
million contract with the City of TAC by is the building management and energt services segment of Schneider onMay 27, 2009 ...since 1994. The companyh is a global subsidiaryof France-based , one of the largesyt building automation and electrical distribution companiees in...... by on November 23, 2007 ...the West Coast." TAC Americas, a subsidiary of French equipmentmaker , has abou 400 employees at its Carrollton operations, and about on June 25, 2007 ...S. subsidiary of Sweden-based TAC which was bought byin 2003. Lovex Park, Ill.-based Invensys makes temperature controls, on July 31, 2006 ...Othe buyers, such as Honeywell International Inc., Johnson Controls General Co.
, Electric SA, Siemenx AG, Robert Bosch GmbH and Valero Group, also...... on Novemberf 14, 2005 ...provider TAC, which is owned by Swedisuh power and controlgiant , has won a $9 millionh contract with the city of by on February 16, 2004 ...a Carrollton-based regional headquarters for French powetr and control company . TAC America is a leading provider of information technologyfor building...... by on December 15, 2003 OFFICE LEASES Minyard Food Storesleased 18,132 square feet of offics space at 777 Freeport Parkway in Coppell from KTR Bob Scully...... on May 8, 2009 ... provider Direcr Energy brings to...Wal-Mart Stores Inc. and National. Dallas/Fortr Worth International......
by on August 20, 2007 ...and According to TXU , the averaged cost of energy...pay me later,' " says Dale , a representativre for Highland Village...... by on August 27, 2001 ...Thde third investor is General Co. "FreightWise has a sound...se two largest truckload companies, National and J.B. Hunt...... by on November 27, 2000 AUSTIN -- Judging from his recorx as Texas governor, a President George W. Bush most likeluy would ease federal pressure on theMetropled to......
by on July 30, 1999
Friday, August 19, 2011
TECO Energy outlook remains strong - San Francisco Business Times:
mcfarlainofuqub1258.blogspot.com
billion in debt held by and subsidiaries and Co. The rating is supportedx by the underlying strengthof TECO’sz regulated electric and gas utility subsidiary, from which it derivesx stable cash distributions to meet its funding requirements, Fitch said a release. Tampza Electric continues to post strong credit it maintains solid operating performances and it benefitsfrom Florida’s constructive regulatory environment, Fitchn said. Fitch is concerned, however, abou slowing customer growth atTampaa Electric. But the company has responde to slower growth by postponiny projects to increaseelectric capacity.
Anothed concern for Fitch is cash flow deterioration atTECO (NYSE: TE) Guatemalsa because of the adverse rate order in unplanned outages at the San Jose plant, uncertainty over the extension of a purchased powedr agreement, and the potential for deferredc or renegotiated contracts because of declining markety prices, higher production costas and slumping demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percent of theparent company’s consolidated earnings before interest, taxes, depreciation and amortization, Fitchj said.
Credit ratios at Tampa Electric shoulcd benefit from higher base rates in 2009 and 2010 as a resulr ofa $138 million rate orde r approved in March, Fitch said. In addition, an affiliat e waterborne transportation agreement that reducedTampa Electric’s annuak net income by $10 million in prior yeards is expiring. Fitch expects coverage ratios to remain relatively strong with funds from operationx coverage at nearly five timeein 2009. TECO Coal is expected to benefir from higher priced contracts signein 2008. However, soft coal demaned and higher mining production costs at TECO Coal raise the risksa ofcontractual non-performance by counter-parties and pressuredr margins.
Diverse regulatory orderw and operating issues at the Guatemalan operations will result in dividend distributions that are lowerd thanhistoric levels. TECO's liquidity position is considered strong, Fitch Cash and cash equivalentswere $34.9 million and availablee credit facilities were $530 million as of Marcb 31. Liquidity was enhanced by a netoperating loss-tax carr forward of $547.5 million as of Dec. 31, whichy is expected to result in minimal cash tax paymentsthrougg 2012.
In addition, TECO's $100 million note maturing in 2010 is expectexd to be retired with internal Positive rating action coulc result in the futurew from consolidated leverage ratio reduction in 2010 and highee cash flows from a full year of higheer base rates in 2010 and effectivecost
billion in debt held by and subsidiaries and Co. The rating is supportedx by the underlying strengthof TECO’sz regulated electric and gas utility subsidiary, from which it derivesx stable cash distributions to meet its funding requirements, Fitch said a release. Tampza Electric continues to post strong credit it maintains solid operating performances and it benefitsfrom Florida’s constructive regulatory environment, Fitchn said. Fitch is concerned, however, abou slowing customer growth atTampaa Electric. But the company has responde to slower growth by postponiny projects to increaseelectric capacity.
Anothed concern for Fitch is cash flow deterioration atTECO (NYSE: TE) Guatemalsa because of the adverse rate order in unplanned outages at the San Jose plant, uncertainty over the extension of a purchased powedr agreement, and the potential for deferredc or renegotiated contracts because of declining markety prices, higher production costas and slumping demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percent of theparent company’s consolidated earnings before interest, taxes, depreciation and amortization, Fitchj said.
Credit ratios at Tampa Electric shoulcd benefit from higher base rates in 2009 and 2010 as a resulr ofa $138 million rate orde r approved in March, Fitch said. In addition, an affiliat e waterborne transportation agreement that reducedTampa Electric’s annuak net income by $10 million in prior yeards is expiring. Fitch expects coverage ratios to remain relatively strong with funds from operationx coverage at nearly five timeein 2009. TECO Coal is expected to benefir from higher priced contracts signein 2008. However, soft coal demaned and higher mining production costs at TECO Coal raise the risksa ofcontractual non-performance by counter-parties and pressuredr margins.
Diverse regulatory orderw and operating issues at the Guatemalan operations will result in dividend distributions that are lowerd thanhistoric levels. TECO's liquidity position is considered strong, Fitch Cash and cash equivalentswere $34.9 million and availablee credit facilities were $530 million as of Marcb 31. Liquidity was enhanced by a netoperating loss-tax carr forward of $547.5 million as of Dec. 31, whichy is expected to result in minimal cash tax paymentsthrougg 2012.
In addition, TECO's $100 million note maturing in 2010 is expectexd to be retired with internal Positive rating action coulc result in the futurew from consolidated leverage ratio reduction in 2010 and highee cash flows from a full year of higheer base rates in 2010 and effectivecost
Tuesday, August 16, 2011
USDA comes to aid of chicken industry with $40M purchase - Chicago Tribune
tiqosi.wordpress.com
USDA comes to aid of chicken industry with $40M purchase Chicago Tribune The United States is stepping in to help bail out another American industry -- chicken farmers and meat processors. The nation's chicken industry is having a difficult year. Chicken producers are struggling with higher costs of running their business ... |
Sunday, August 14, 2011
omagyvoham.wordpress.com
These days, Tampa Bay area job fairsw can attract as many as 200 to 300 applicantsz for everyopen position, said Jamie director of communications for the . As companieas cut payrolls or shutdown outright, people lookinvg for work are pourinbg into the job market, sendinf the unemployment rate in the Tampa-St. Petersburg-Clearwater metrio up to 7.8 for the month of November from 7.4 in Now, a key economic developmengt and business retention organization is workinvg to reverse the Since latelast year, the has been building a cataloyg of infrastructure projects that could create immediate jobs and provide for furthetr growth if funded through an effort called “It’ds About Jobs.
” In gathering data, the Partnershipp contacted school boards, departments of transportation, metropolitan planningg organizations, cities, counties and “anyone who is in the businesse of building infrastructure,” said Stuart Rogel, president and CEO. A catalogf of these “shovel-ready” projects will allow the Partnership to help bring incentive moneyu to fund the projects from Tallahasseeand “It’s About Jobs” was formed after a year’z worth of work between the Partnershipo and the , a research and policy institute based in Many of the ideas that went into “It’s Abou Jobs” came from Blueprint for Americanb Prosperity, a Brookings Institution initiative to advance a federal economivc agenda that promotes metropolitan areas.
The Partnershi took the basic principals of the Blueprint and applied its regional visioning and policy efforts at state and federal saidAmy Liu, deputy director of the Brookings Metropolitan Policy Program. “We want to ensurew that the stimulus package is not just focusedon short-term job growt but also focuses on long-term investment in a way that supportse and empowers metropolitan areas,” said Liu. “Inj the absence of earmarks, we need to ensure that the infusion of fundx supports the vision and goals of the Bay If the Tampa Bay area receives the funding and support to advancdits infrastructure, that could lay the foundation for privated investment, Rogel said.
“Tha t in turn, I hope, creates confidence in the privatresector [that] there is a a direction and there is someone at the he said. The same underlying principalws that benefited Tampa Bay in timez ofprosperity — a growing a competitive climate for business, low cost of doinfg business and an accessible location — apply in the current economy, Rogel said. These same traits that have long drawnj companies to root in and grow in Tampa Bay remai nthe region’s strongest selling several newcomers told the .
“Wr have been very happy with the workforce and the availabilituof folks,” said Damien Lamendola, president and CEO at , a pharmacty benefit management company based in Centennial, The company is planning a $20 million facility in Lakeland slated to open in February that will phasd in 670 jobs over the next three “We thought about going to Jacksonville, but you can’t get to Jacksonville withour going through Atlanta,” said Lamendola. “A lot of clientes want to see the operation, and it’e easier to get to Tampa or Orlando.
” The proximityh of was a said Lamendola, who would like to created a partnership for research programzs related to the pharmaceutical An accessible location was also importantto , a distributod of plumbing supplies based in , Va. Its distributiomn center openedin August, became fullyu operational in October and has more than 545,00 0 square feet and about 87 Ferguson’s choice of Frostproof as the home for its regionalp distribution center amounted to a $30 million investmen t in the area. “[The location]” gived us the ability to access the completed Florida market with the exceptionj ofthe panhandle,” said Operations Manager Steve Glenn.
“We enable locak branches in the Florida marketf to be able tocover customers’ needs on a next day basiw if not same The people in Frostprooc have provided a warm reception, Glenn said. “Wde were made to feel an active participant inthe
These days, Tampa Bay area job fairsw can attract as many as 200 to 300 applicantsz for everyopen position, said Jamie director of communications for the . As companieas cut payrolls or shutdown outright, people lookinvg for work are pourinbg into the job market, sendinf the unemployment rate in the Tampa-St. Petersburg-Clearwater metrio up to 7.8 for the month of November from 7.4 in Now, a key economic developmengt and business retention organization is workinvg to reverse the Since latelast year, the has been building a cataloyg of infrastructure projects that could create immediate jobs and provide for furthetr growth if funded through an effort called “It’ds About Jobs.
” In gathering data, the Partnershipp contacted school boards, departments of transportation, metropolitan planningg organizations, cities, counties and “anyone who is in the businesse of building infrastructure,” said Stuart Rogel, president and CEO. A catalogf of these “shovel-ready” projects will allow the Partnership to help bring incentive moneyu to fund the projects from Tallahasseeand “It’s About Jobs” was formed after a year’z worth of work between the Partnershipo and the , a research and policy institute based in Many of the ideas that went into “It’s Abou Jobs” came from Blueprint for Americanb Prosperity, a Brookings Institution initiative to advance a federal economivc agenda that promotes metropolitan areas.
The Partnershi took the basic principals of the Blueprint and applied its regional visioning and policy efforts at state and federal saidAmy Liu, deputy director of the Brookings Metropolitan Policy Program. “We want to ensurew that the stimulus package is not just focusedon short-term job growt but also focuses on long-term investment in a way that supportse and empowers metropolitan areas,” said Liu. “Inj the absence of earmarks, we need to ensure that the infusion of fundx supports the vision and goals of the Bay If the Tampa Bay area receives the funding and support to advancdits infrastructure, that could lay the foundation for privated investment, Rogel said.
“Tha t in turn, I hope, creates confidence in the privatresector [that] there is a a direction and there is someone at the he said. The same underlying principalws that benefited Tampa Bay in timez ofprosperity — a growing a competitive climate for business, low cost of doinfg business and an accessible location — apply in the current economy, Rogel said. These same traits that have long drawnj companies to root in and grow in Tampa Bay remai nthe region’s strongest selling several newcomers told the .
“Wr have been very happy with the workforce and the availabilituof folks,” said Damien Lamendola, president and CEO at , a pharmacty benefit management company based in Centennial, The company is planning a $20 million facility in Lakeland slated to open in February that will phasd in 670 jobs over the next three “We thought about going to Jacksonville, but you can’t get to Jacksonville withour going through Atlanta,” said Lamendola. “A lot of clientes want to see the operation, and it’e easier to get to Tampa or Orlando.
” The proximityh of was a said Lamendola, who would like to created a partnership for research programzs related to the pharmaceutical An accessible location was also importantto , a distributod of plumbing supplies based in , Va. Its distributiomn center openedin August, became fullyu operational in October and has more than 545,00 0 square feet and about 87 Ferguson’s choice of Frostproof as the home for its regionalp distribution center amounted to a $30 million investmen t in the area. “[The location]” gived us the ability to access the completed Florida market with the exceptionj ofthe panhandle,” said Operations Manager Steve Glenn.
“We enable locak branches in the Florida marketf to be able tocover customers’ needs on a next day basiw if not same The people in Frostprooc have provided a warm reception, Glenn said. “Wde were made to feel an active participant inthe
Friday, August 12, 2011
Progress Energy to pay business customers to go solar - Triangle Business Journal:
http://www.louisvillejuniorrowing.com/post_1273668431.html
Raleigh-based Progress (NYSE: PGN) said the goal of its new SunSensre program is to increase the amount of solatr energy produced in its Carolinas and Florida territories by more than 100 megawatts over the next The company intends to reach that goal by offerinvg a series of incentiveasand rebates. • Progress will pay commerciapl customers the going market rate foreach killowat-houf of electricity produced by newlyy installed solar power systems. This program will debut in the Carolinas this summedr and in Floridanext year. Also starting this summer is a program that will provid e incentivesfor Progress’ business customers to instal solar water heaters.
That program will not be availablein • For residential customers, Progress Energy will pay $1.5 to $2 per watt for residential solaer installations. That should cover about 25 percent of theinstallationn cost, Progress said. The program will debut late this summer in the Carolinaz and next yearin Florida. • Also for residentiall customers, Progress will offer rebatees to customers who install solar waterheating systems. The already established in is being rolled out thein Carolinas. A fifth arm of the Progresz plan will seethe company’sx Progress Energy Carolinas and Progress Energy Floridsa subsidiaries install solar panels at selected school in their territories.
With a market capitalization ofalmosr $10 billion, Progress Energy is the most valuabler company in the Raleigh-Durham area and the only one in the federally defined Triangle area to rank amongh the Fortune 500. Raleigh-based Progress Energty Carolinas supplies electricity to much of theTriangle
Raleigh-based Progress (NYSE: PGN) said the goal of its new SunSensre program is to increase the amount of solatr energy produced in its Carolinas and Florida territories by more than 100 megawatts over the next The company intends to reach that goal by offerinvg a series of incentiveasand rebates. • Progress will pay commerciapl customers the going market rate foreach killowat-houf of electricity produced by newlyy installed solar power systems. This program will debut in the Carolinas this summedr and in Floridanext year. Also starting this summer is a program that will provid e incentivesfor Progress’ business customers to instal solar water heaters.
That program will not be availablein • For residential customers, Progress Energy will pay $1.5 to $2 per watt for residential solaer installations. That should cover about 25 percent of theinstallationn cost, Progress said. The program will debut late this summer in the Carolinaz and next yearin Florida. • Also for residentiall customers, Progress will offer rebatees to customers who install solar waterheating systems. The already established in is being rolled out thein Carolinas. A fifth arm of the Progresz plan will seethe company’sx Progress Energy Carolinas and Progress Energy Floridsa subsidiaries install solar panels at selected school in their territories.
With a market capitalization ofalmosr $10 billion, Progress Energy is the most valuabler company in the Raleigh-Durham area and the only one in the federally defined Triangle area to rank amongh the Fortune 500. Raleigh-based Progress Energty Carolinas supplies electricity to much of theTriangle
Wednesday, August 10, 2011
Chicago Dog Coach Ami Moore's 'The Alphatude Attitude' To Be Used As Part Of ... - Pressitt (press release)
callahamirykaan1884.blogspot.com
Chicago Dog Coach Ami Moore's 'The Alphatude Attitude' To Be Used As Part Of ... Pressitt (press release) Ms. Moore also created the famous Guerrilla Group Obedience classes, and the 'Fido Fat Camp' concept so that loving pet owners could holistically increase their dog's health and wellness with exercise, natural food and psychological rehabilitation ... |
Monday, August 8, 2011
As Wisconsin goes, so goes the nation? - Minneapolis Star Tribune
http://invest-ment.com/investplan.html
Boston Globe | As Wisconsin goes, so goes the nation? Minneapolis Star Tribune Rec » |
Friday, August 5, 2011
Credit unions
http://gipnotizer.com/Luxury/Red-Ruby-Stone-Prices/
Overall asset, loan and deposit numberd for Bexar County credit unions all increasedin 2008, compare with the prior year, according to figured gathered by the (NCUA). Despite that good news, local credit unions’ profits, in aggregate, declinede by 58.4 percent over the period from $105.3 million in 2007 to $43.7 millionn in 2008. The news was the same at both the stated andnational levels, with credit unions posting, in aggregate, increasea in assets, loans and Yet, overall numbers show that profitw declined nationally by 47.5 percent and in Texas by 61.1 percenyt between 2007 and 2008.
Less than half of the 29 area credi t unions included in the reporrt for Bexar Countyrecorded year-over-yea losses in net income; the remainder reported either increases or decreases in net income but, they were Rick Grady, spokesman for the Texasw Credit Union League (TCUL), says that 2008 was an extremely challenging economic year for all businesses. Contributingg factors this past year included a downturn in theinvestment market, the stock market, and the real estatde market. There was also a decreas e in loan demand, an upturn in and a downturn in theentire U.S. and world “These factors continue into 2009and will, quite possibly, continue into 2010.
The importan t point is, the vast majorith of credit unions endecd 2008 with a positive netincome …” Grady adding that the decline in profits had littlew to do with actual Of the credit unions included in the NCUA 10 of them — includingg Valero FCU — postedx year-over-year decreases in net income. Elevenb credit unions posted year-over-year lossesx in net income, including Security Service and HEB John Worthington, spokesman for SSFCU, says the main reasojn for the net losses is the required assessment by the NCUA from each of the credift unions to bring the insurance fund back up to the levelp “it’s supposed to be.
” The creditr union insurance fund, Worthington says, took a loss when two corporater credit unions — U.S. Central Credir Union and Western Corporate Federal Credit Union failed and had to be taken into conservatorship bythe “U.S. Central had some major problems because of what it hadinvested in, whicj were mortgage-backed securities,” Worthington says. “Tio make up for the shortfall, which was billions of dollars, the NCUA requiredc the assessment to rebuild the insurance He says other credit unionas inBexar County, which had the option of booking the assessmenft during the fourth quarter of 2008 or the first quartedr of 2009, were also affected by this assessment.
Without the NCUA expense, HEB FCU CEO Lynn says her credit union would have posted a net incoms or profitof .63 percent. C. Sean Murphy, presideny and CEO of Valerop FederalCredit Union, agrees, adding that his credif union was required to book an $804,000 adjustmenf due to the NCUA expense. He the credit union decided to take the whole assessment in2008 “anr be done with it.” Worthingtomn says the temporary Corporate Credit Uniojn Stabilization Fund — part of the Helping Families Save Theit Homes Act — recently passed muste in the House and the Senate and is awaitingf signature from the president.
The bill will alloqw credit unions to stretch out the payment for this assessmeny over the next eight At thesame time, it calls for creditt unions to replenish the insuranced fund over the next seven years and extendd insurance coverage of accounts up to $250,000 through 2013. Aside from the NCUA credit unions say other recession factors affected theirbottom line. from fiscal year 2007 to one credit union recorded a decreasein assets; seven reporte d declines in their loan portfolio, and two credity unions reported a decline in deposits.
In one credit union, Express-News FCU, reportede declines in both assets and deposits for the time A total of six credit unions recorded a declinde between 2007 and 2008 in profitsw as wellas assets, deposits and loans. These • Peoples Choice of • St. Joseph’s Credity Union;
Overall asset, loan and deposit numberd for Bexar County credit unions all increasedin 2008, compare with the prior year, according to figured gathered by the (NCUA). Despite that good news, local credit unions’ profits, in aggregate, declinede by 58.4 percent over the period from $105.3 million in 2007 to $43.7 millionn in 2008. The news was the same at both the stated andnational levels, with credit unions posting, in aggregate, increasea in assets, loans and Yet, overall numbers show that profitw declined nationally by 47.5 percent and in Texas by 61.1 percenyt between 2007 and 2008.
Less than half of the 29 area credi t unions included in the reporrt for Bexar Countyrecorded year-over-yea losses in net income; the remainder reported either increases or decreases in net income but, they were Rick Grady, spokesman for the Texasw Credit Union League (TCUL), says that 2008 was an extremely challenging economic year for all businesses. Contributingg factors this past year included a downturn in theinvestment market, the stock market, and the real estatde market. There was also a decreas e in loan demand, an upturn in and a downturn in theentire U.S. and world “These factors continue into 2009and will, quite possibly, continue into 2010.
The importan t point is, the vast majorith of credit unions endecd 2008 with a positive netincome …” Grady adding that the decline in profits had littlew to do with actual Of the credit unions included in the NCUA 10 of them — includingg Valero FCU — postedx year-over-year decreases in net income. Elevenb credit unions posted year-over-year lossesx in net income, including Security Service and HEB John Worthington, spokesman for SSFCU, says the main reasojn for the net losses is the required assessment by the NCUA from each of the credift unions to bring the insurance fund back up to the levelp “it’s supposed to be.
” The creditr union insurance fund, Worthington says, took a loss when two corporater credit unions — U.S. Central Credir Union and Western Corporate Federal Credit Union failed and had to be taken into conservatorship bythe “U.S. Central had some major problems because of what it hadinvested in, whicj were mortgage-backed securities,” Worthington says. “Tio make up for the shortfall, which was billions of dollars, the NCUA requiredc the assessment to rebuild the insurance He says other credit unionas inBexar County, which had the option of booking the assessmenft during the fourth quarter of 2008 or the first quartedr of 2009, were also affected by this assessment.
Without the NCUA expense, HEB FCU CEO Lynn says her credit union would have posted a net incoms or profitof .63 percent. C. Sean Murphy, presideny and CEO of Valerop FederalCredit Union, agrees, adding that his credif union was required to book an $804,000 adjustmenf due to the NCUA expense. He the credit union decided to take the whole assessment in2008 “anr be done with it.” Worthingtomn says the temporary Corporate Credit Uniojn Stabilization Fund — part of the Helping Families Save Theit Homes Act — recently passed muste in the House and the Senate and is awaitingf signature from the president.
The bill will alloqw credit unions to stretch out the payment for this assessmeny over the next eight At thesame time, it calls for creditt unions to replenish the insuranced fund over the next seven years and extendd insurance coverage of accounts up to $250,000 through 2013. Aside from the NCUA credit unions say other recession factors affected theirbottom line. from fiscal year 2007 to one credit union recorded a decreasein assets; seven reporte d declines in their loan portfolio, and two credity unions reported a decline in deposits.
In one credit union, Express-News FCU, reportede declines in both assets and deposits for the time A total of six credit unions recorded a declinde between 2007 and 2008 in profitsw as wellas assets, deposits and loans. These • Peoples Choice of • St. Joseph’s Credity Union;
Wednesday, July 27, 2011
Chase bank hiring 200 in Milwaukee - Kansas City Business Journal:
http://destfulgether.wordpress.com/
New employees are working at theChase Tower, 111 E. Wisconsimn Ave., and are focused mainly on negotiating new payment arrangementd with homeowners delinquent on their said spokeswomanChristine Holevas. Chase is one of the nation’s largesyt mortgage servicers with a portfolioof $1.5 The bank added billions in mortgagd business with the September 2008 acquisition of Washington The new hires include loan specialists, negotiators, underwritersw and supervisors, Holevas Many already have started Chase has about 1,400 employeess in greater Milwaukee, and nearlyg 950 in Milwaukee, Holevas said.
which is part of , New York City, runs 41 brancheas in the metropolitan InDecember 2008, Chase cite d declining activity in home-equity lendingf when it announced job eliminations by early February in its downtown Milwaukee home equith servicing center. Some employeesa who were laid off earliee this year are likelt among those being hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthosee back,” she said. Chase bank officials like the qualith of employees in Milwaukee and theitwork ethic, Holevas said. She couldc not predict the longevity of thenew “As the business changes so do our employment Holevas said.
“We staff according to needs.” As the number of foreclosures continues to rise Chase is far from the only bank to boost its stafff for handlingtroubled mortgages. Some banks, including M&oI Marshall & Ilsley in Milwaukee, have instituted foreclosurwe moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expire on June 30. In the past six M&I has increased by 50 percent its staff dedicatedc to assisting the increasing number of homeowners facingfinancial stress, said Dick Becker, presiden t of the bank’s Wisconsin community bank He declined to disclose the number of jobs that M&Ik has added.
M&I works with homeownerse before they reach delinquench to avoid foreclosure and also seeks solutions for homeowners already in Becker said. Minneapolis-based , which has the second-larges t deposit market share in metropolitan Milwaukee and servicesw more than 1 millionmortgagesw nationally, announced in March that it is constructing a buildin in Owensboro, Ky., for its mortgage serviceds unit. The bank already employd 850 people in Owensboro and the new buildinyg will accommodate up to 300new employees. At the community bank the loan modification strategies are implemented on asmallee scale.
For example, , increased its collections staff from two to threr plusa half-time employee to tackler the increased workload, said president and CEO Doug Collections employees review the home-owner’s financial situation in an effort to avoi foreclosure, Gordon said. The employees discussz what the homeowner can afforc for payments and whether the mortgagedis salvageable, he said. The bank has successfullty modified many mortgages and even stoppesd some foreclosures while they were in he said. “We’d much rather modify them — work with them than foreclose,” Gordon said.
“Nobody wins in We don’t want to own the real estate andthey don’t want to lose the real
New employees are working at theChase Tower, 111 E. Wisconsimn Ave., and are focused mainly on negotiating new payment arrangementd with homeowners delinquent on their said spokeswomanChristine Holevas. Chase is one of the nation’s largesyt mortgage servicers with a portfolioof $1.5 The bank added billions in mortgagd business with the September 2008 acquisition of Washington The new hires include loan specialists, negotiators, underwritersw and supervisors, Holevas Many already have started Chase has about 1,400 employeess in greater Milwaukee, and nearlyg 950 in Milwaukee, Holevas said.
which is part of , New York City, runs 41 brancheas in the metropolitan InDecember 2008, Chase cite d declining activity in home-equity lendingf when it announced job eliminations by early February in its downtown Milwaukee home equith servicing center. Some employeesa who were laid off earliee this year are likelt among those being hired for the mortgage servicing Holevas said. “We had terrific people and we want to get the best ofthosee back,” she said. Chase bank officials like the qualith of employees in Milwaukee and theitwork ethic, Holevas said. She couldc not predict the longevity of thenew “As the business changes so do our employment Holevas said.
“We staff according to needs.” As the number of foreclosures continues to rise Chase is far from the only bank to boost its stafff for handlingtroubled mortgages. Some banks, including M&oI Marshall & Ilsley in Milwaukee, have instituted foreclosurwe moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expire on June 30. In the past six M&I has increased by 50 percent its staff dedicatedc to assisting the increasing number of homeowners facingfinancial stress, said Dick Becker, presiden t of the bank’s Wisconsin community bank He declined to disclose the number of jobs that M&Ik has added.
M&I works with homeownerse before they reach delinquench to avoid foreclosure and also seeks solutions for homeowners already in Becker said. Minneapolis-based , which has the second-larges t deposit market share in metropolitan Milwaukee and servicesw more than 1 millionmortgagesw nationally, announced in March that it is constructing a buildin in Owensboro, Ky., for its mortgage serviceds unit. The bank already employd 850 people in Owensboro and the new buildinyg will accommodate up to 300new employees. At the community bank the loan modification strategies are implemented on asmallee scale.
For example, , increased its collections staff from two to threr plusa half-time employee to tackler the increased workload, said president and CEO Doug Collections employees review the home-owner’s financial situation in an effort to avoi foreclosure, Gordon said. The employees discussz what the homeowner can afforc for payments and whether the mortgagedis salvageable, he said. The bank has successfullty modified many mortgages and even stoppesd some foreclosures while they were in he said. “We’d much rather modify them — work with them than foreclose,” Gordon said.
“Nobody wins in We don’t want to own the real estate andthey don’t want to lose the real
Monday, July 25, 2011
Medford man pleads guilty in charity fraud case - Boston Business Journal:
http://codeidol.com/other/google-hack/Gmail/
Brandon Seeley, 21, pleadede guilty to charges of larcenyhover $250, attempted conspiracy to commit larceny over $250, grosss fraud and deceptive professional solicitation practices, said the attorneg general’s office. Superior Courr Judge Sandra Hamlin sentenced Seeley to serve2 1/2 years in with the sentence suspended for five This follows co-defendant, George Borden, age 53, of who pleaded guilty in Middlesex Superior Court on June 3 to similar charges. Threes other co-defendants have also been charged in connection with this case and theire cases arestill pending. The attornety general began investigating this case in 2006 after receivinh a numberof complaints.
Investigators determined that betwee n August 2006 andJanuaryg 2008, Brandon Seeley and other telemarketerd from his father’s professional fundraisinfg organization, CMR Marketing in Medford, allegedly engaged in fraudulent fundraisintg telemarketing schemes to raisw money for two charities — Veteran’s , and the Retired Boston Police Officers Association, a retired polices officers organization. Authorities allege that much of the money givebn by donors never made it to the veteransa and retired police officers it was intended to In addition, authorities allege that, in more than 1,000 donors were defrauded and more than $100,000p in donations were misappropriated.
In a separate case, the attorneu general’s office obtained two separate preliminary injunctions relater to a lawsuit against Florida charitg Disabled PoliceOfficers , its presidenty and its professional fundraisers. Among other things, the preliminary injunctionz restrain them from engaging in deceptive practicezs and from destroying or alteringy records while the civil lawsuit is pending. The preliminary injunctions relate to a civil lawsuit filed May 20 in Suffolk Superiorf Court againstthe defendants. The lawsuit chargees the defendants misled potential donors into believingt that fundraisers were volunteers calling on behalt of local disabledpolice officers.
The lawsuit also alleges that the defendantsa did not disclose their status asprofessionap fundraisers, did not disclose the charity’ds Florida address and did not file fundraising reports for their fundraising required by law. The lawsuit also alleges the professiona solicitors working for Disabled Police Officers Counseling Center failed to disclosd to potential donors their status as professional fundraiserss who are paid by charitable organizations to solicit the publiccfor donations.
Brandon Seeley, 21, pleadede guilty to charges of larcenyhover $250, attempted conspiracy to commit larceny over $250, grosss fraud and deceptive professional solicitation practices, said the attorneg general’s office. Superior Courr Judge Sandra Hamlin sentenced Seeley to serve2 1/2 years in with the sentence suspended for five This follows co-defendant, George Borden, age 53, of who pleaded guilty in Middlesex Superior Court on June 3 to similar charges. Threes other co-defendants have also been charged in connection with this case and theire cases arestill pending. The attornety general began investigating this case in 2006 after receivinh a numberof complaints.
Investigators determined that betwee n August 2006 andJanuaryg 2008, Brandon Seeley and other telemarketerd from his father’s professional fundraisinfg organization, CMR Marketing in Medford, allegedly engaged in fraudulent fundraisintg telemarketing schemes to raisw money for two charities — Veteran’s , and the Retired Boston Police Officers Association, a retired polices officers organization. Authorities allege that much of the money givebn by donors never made it to the veteransa and retired police officers it was intended to In addition, authorities allege that, in more than 1,000 donors were defrauded and more than $100,000p in donations were misappropriated.
In a separate case, the attorneu general’s office obtained two separate preliminary injunctions relater to a lawsuit against Florida charitg Disabled PoliceOfficers , its presidenty and its professional fundraisers. Among other things, the preliminary injunctionz restrain them from engaging in deceptive practicezs and from destroying or alteringy records while the civil lawsuit is pending. The preliminary injunctions relate to a civil lawsuit filed May 20 in Suffolk Superiorf Court againstthe defendants. The lawsuit chargees the defendants misled potential donors into believingt that fundraisers were volunteers calling on behalt of local disabledpolice officers.
The lawsuit also alleges that the defendantsa did not disclose their status asprofessionap fundraisers, did not disclose the charity’ds Florida address and did not file fundraising reports for their fundraising required by law. The lawsuit also alleges the professiona solicitors working for Disabled Police Officers Counseling Center failed to disclosd to potential donors their status as professional fundraiserss who are paid by charitable organizations to solicit the publiccfor donations.
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