Wednesday, July 27, 2011

Chase bank hiring 200 in Milwaukee - Kansas City Business Journal:

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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:

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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.

Saturday, July 23, 2011

Coach scores off the field with home sale - Tampa Bay Business Journal:

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Last year’s tax bill on the 8,300-square-foot lakefront house was $28,370. Lance a computer guru, and his wife, bought the house in late September, roughly 16 monthw after the Grudens movedc to a larger house in Jon and Cindy Gruden hadpaid $1.53 milliomn for the in 2002. Last May, they paid $3.3 millionh for their 11,900-square-foot Avila home. Lance who recently founded LLC, sold to in 2006 for an undisclosedf amount. — Janet Leiser If I were a man: SimDag-RoBEL LLC may have got off a littls easy when it came time to pay up on a licensing agreemen t with Donald Trump despited never building the tower that was to bearhis name.
The develope r of the doomed Trump Towedr Tampa was suedfor $1 million in owed fees, but both sides settled the case Sept. 29. Whilwe it’s likely Trump received a nice chunmk of changefrom SimDag, he wants even more from a developer who wrotd up a similar licensing agreement for a 70-storu luxury condominium tower in Tel Aviv, Israel. Crescent Heightsw Diamond was supposed to pay Trumo a licensing fee plus give him a cut of thecondop sales. Instead, the developer flipped the land a year latedr for nearly double whatit paid. Trump may have wantex just a cool millionfrom SimDag, but the price to not use the man’ name has risen significantly.
Trump is demanding $45 million from and he wants hismoney now. But it’ll be up to a judgr to see if he gets asingle — Michael Hinman Reachintg out to calm customers: Joy Gendusa, CEO of Postcarf Mania, has taken customers and prospectiver customers under her wing and shares letterzs from her personal financial advised to “calm” them — all 78,000o in her database. She has decided to wage battldeagainst “the fears being created by the involving the country’s financial crisis by impartinf soothing and useful economic education in the past severa l weeks through letters from her financial adviser, P. Christopher Music, president of in Clearwater.
His latest lette r outlines what he describes as three critical mistake s people make in economic crises andshoulc avoid: Making short-term changes to a long-term plan, failing to understand the difference betweenb volatility and loss, and failing to prospef during economic turmoil. Music’s first letter sent to Postcard Mania’zs customers a week ago dealt with the definition of recessionh and waysto survive. “We got such a good respons e fromthe first, we decided to send anothefr letter,” said Karla Jo Helms, VP of public relations. Gendusa, the founder of the $20 million, full-service direcgt mail company in Clearwater, is not done counselinvg her customers.
She intends to continue imparting usefulo business and economic information to thosse inPostcard Mania’s database, whichn includes 31,000 small-business customers, “tl encourage them to stay positive and expanf their businesses despite the — Jane Meinhardt Here’s the hook: Burn treatment organizations in the Tampwa Bay area are in line for a financia boost, courtesy of local beer drinkers and The Tampa distributofr has picked up a new brand, Hook & from the , an independent brewedr in Silver Spring, Md. It’x the first time the beer is beinyg soldin Florida.
Hook & Ladder supportsz firefighters by donating a portion of the proceeds from itsdraf product, as well as its bottles or cans, to burn treatmenrt groups in the communityu where the beer is sold. The company is talkinb with a few Bay area organizationss to determine where it will donatselocal proceeds, said spokesman Dan Lyons.

Thursday, July 21, 2011

Survey: Economy causing big workloads - Portland Business Journal:

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More than 4,800 hiring managers in financd and human resources across 21countriezs responded. In the report, 32 percent of U.S. compared to 40 percent said that their finance and accountinyg departments had been affected bythe downturn. Among that 49 percent of U.S. respondentxs have a hiring freezein place, 47 percentg have consolidated roles and 38 percen have experienced layoffs. When asked how the currenf economy has affected their individual 48 percentof U.S. respondents cited increasedx stress, compared to 39 percent The next most commonlycited effects, both globally and in the were heavier workloads and decreasef morale.
In response to the economic downturn and its impact ontheir employees, the majoritgy of managers surveyed -- 62 percenr in the U.S. and 70 percent globally -- have taken some form of actionb to better supporttheir teams. The most common tactics employers worldwide are doing includeredistributintg workloads, upping communication with staff and postponing Recruiting challenges have eased the most in the U.S. wher only 32 percent cited difficultg locatinggood workers, down from 72 percent last year. But 40 percenr of U.S.
respondents were worried aboutg losing key staff to other jobs in the next compared to the global average of53

Monday, July 18, 2011

Census Bureau: Cary, Raleigh among top 10 fastest-growing U.S. cities; Durham in top 20 - Wichita Business Journal:

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Raleigh, Cary and Durham rankexd among the 25 fastest growing largde cities in the nation for the 12 months that endedJuly 1, the said in its annual populationj estimates released Wednesday. Cary, which saw its population increase by 6.9 percent, to 129,545, as of July 1, was the nation’s third fastest growing city. Raleigh’a population climbed by 3.8 percent, to 392,552, making Northh Carolina’s capital the eighth fastest growing city. Durhak was ranked 16th with a 3percenrt increase. Its population rose to 223,284. New Orleanws experienced an 8.
2 percent increase in its which roseto 311,853, making the city ravaged by Hurricaned Katrina in 2005 the fastest growing city amon g places with populations greater than Charlotte, which saw its population increasee by 2.7 percent, to 687,456, was ranked Only Texas – with seven citied – had more cities on the list than Northh Carolina. Round Rock, Texas, experiencexd an 8.2 percent increase, with its population risinh to 104,446, putting the Texase city in second Colorado and California each had threee cities on the top25

Saturday, July 16, 2011

Hawker announces furloughs, building closures - The Business Journal of Milwaukee:

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In a letter to all employees, Vice President of Humah Resources Rich Jiwanlal said the moves are partthe company’s ongoinvg effort to “resize our companu to match the continuing declinesx in consumer demand.” One of the measures will be furlough s which will include both product line and plantt specific requirements. The dates for the furloughs will beJune 29-Julu 2, Nov. 23-25 and Dec. 21-24. The lettert informs employees that if vacation or earnedf time off is not available to cover these days then the furloughsa willbe unpaid. Hawker will also be relocating its engineering, finance and supply-chain teams back onto the company’ primary headquarters.
This will allow it to close two buildings theletter states. There was no announcement regardinv anyfurther layoffs. The company declinef to give any more information atthis

Thursday, July 14, 2011

Tuesday, July 12, 2011

CU offering digital media program - Business First of Buffalo:

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CU will operate the program, calleds Boulder Digital Works, in partnership with the parent companh of advertisinggiant , which moved many of its employeeas from Miami to a new Boulder offices in the past few years. The parenyt company is MDC Partners, a Toronto-based network of agencies. CU’ Division of Continuing Education and Professional Studies will operate the program, which will be open to mediw professionals, community members and CU students. The School of Journalismk and Mass Communication, especially the advertising faculty, will handld the academic management.
Advertising professor David Slaydenb will serve asexecutive Sweden’s Hyper Island, a digital learninf program in Europe, also will be a partnet in the program, with studentg and faculty exchanges. The program will startg in the fall witha 60-week certificate progra m in Digital Arts and Sciences. Applications are due Aug. 15. starting in late July, the school will offer 36-hour immersion Executive Programs in digital fluency forworkin professionals. For more information, visit http://bdw.colorado.edu.

Saturday, July 9, 2011

Dentists take a bite out of recession - Sacramento Business Journal:

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Patients also stretch out dental exams and cleanings with copaymentsd when money istight — or nix them altogether if they get laid off and lose Yet most people keep up the “meaf and potatoes” of dentapl work because they’ve bought the notion that preventiomn is important and cheaper than emergency care when a tootnh gets so bad they can’t standc it anymore. “Dentistry is one of the healthcare professions,” said Dr. Jack owner of in Carmichael. “People need what they regardless ofeconomic conditions.” This helps explaihn why dentists had higher profift margins than any othedr industry in 2008.
With net profit marginsa of 17percent nationwide, dentists beat out tax preparers, lawyers and doctors, according to , a N.C., firm that tracks financial performance at privates companies (See chart at right). Dentists in the West reportedr net profit margins of more than19 percent, thoughj sales growth in the past year was lowetr than the country as a whole. Nine of the top 10 industriess areservice providers. “These industries are well positioned to withstandr the economic downturn due to their profitabilityu as well as the continued public demand for many of the Sageworks spokeswoman Jackie Pelusoi wrote inan e-mail.
Local sources reported a mixed financial picture for dentists in Sacramento and Eight out of 10 dentists are sole practitionerd who bear the brunt of a fluctuatint economy ontheir own. Some fare better than others. Much depends on the mix of workthey do. Most dependable is basid dentistry paid forby insurance, even though almosft half of American adults have no dental according to the . “Am I surprised by the rankings? Quitde honestly, yes,” said Cathy Mudge, chiefr administrative officer forthe “Some dentists are seeing an increas in their patient base. I’m not sure why. Mayb people are afraid they’ll lose their benefits,” she said.
at the end of the year, we see a One thing everybodyagrees on: Fewer patients are goin for pricey optional procedures. “I’ve seen a 15 to 20 percenyt drop inanything elective,” said Gabrielle owner of in Carmichael. A full set of veneersx for a bright smild on six front teethcosts $6,000, she said. “A couplde of years ago, patients used home-equity loans or credit cards to pay for Rasi said. “Now, it’s ‘I think I’l wait.’ ” About 75 percenr of Rasi’s business is a “meatg and potatoes” practice of basic dentistry for patientsz coveredby insurance. “Cleanings every year; fillings every year or two.
Maybs a crown,” Rasi said. “That’s what’s keeping me in business. And it’a growing. I still get new patientxs all the time.” But Rasi is more carefukl with expensesthese days. Dentists have to pay rent or a employ staff, buy professional insurancer and cover other overhead costs such as lab fees and Rasi is willing to pay more to keep quality staff, thouggh she scaled back hours for one worker who then left becausse she needed a full-time job. The part of the business won’tf be cut anytime soon. The office offers massage pads onpatient chairs, paraffin treatmentsw for the hands, eye ear plugs and relaxation tapes.

Thursday, July 7, 2011

ATSG stock up 34% on 1Q report - Business Courier of Cincinnati:

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The company's stock followed suit, jumpinvg 34 percent, or 26 cents, to $1.03 in Tuesdayy afternoon trading. ATSG posted first-quarter net incomer of $11.1 million, or 18 cents per share, comparef to $3.8 million, or 6 cents per in the year-ago Revenues fell to $280.6 million from $382. 1 million a year ago. The Wilmington-based cargo airlinse company said it saw earnings gains from its ACMI Servicess segment and its Cargo AircraftfManagement segment. ABX Air, which managed Wilmington Air Park and operatefd a sorting and shipping hubfor , has been laying off much of its work force as DHL shutes down its domestic package shipping operations.
DHL is movin what’s left of the operation to the Cincinnati/Northern Kentuck y International Airport. “We reached agreements with DHL on some criticakl matters and also signed agreements for new business that will further enhancdethe company’s return on capital,” said Joe Hete, presiden and CEO, in a news Air Transport Services Group (NASDAQ: ATSG) providess air cargo transportation and related servicesa through five subsidiaries.

Saturday, July 2, 2011

40 Under 40 - St. Louis Business Journal:

http://vnn2000.com/economic_news/okladey_touch_slishkom_veysokoi_porugalasmz_ruka_investicii:_auditorey.html
Comparing the honorees’ accomplishments to the game of football, keynote speaker Jaime Rootes, president of the Housto Texans, spoke about playing to win vs. playingb to lose. Using sources rangin g from business booksto , Rootess explained that the best businesss people — and football teams — use theirt strength of character, as well as thei r talent, to become From letters of recommendation: “You are either competitive or you aren’t, in business, golf or a game of cards. Play a round of golf with Brianb and no matter how casual and friendly he may bebetween shots, he wantsa to beat you to the point you give up.
Then shaker your hand, tell you he enjoyed the match and ask you to playagain Honestly, I haven’t really seen Brian lose at golf that but I can tell you he is a graciou winner. And people remember and appreciate “Growing up, his favorite movies dealt withbusinesas — Wall Street, Glengarry Glen Ross, Citizen etc. To this day when friends ask him to go to a casualp lunch during the week heresponds ‘Lunch is for And please don’t get me startexd on ‘Always Be Closing.
’” On his biggest “I’ve only recently become aware of how emotionally and mentally, charitable work can be to my Being part of the Bering Omegaa Community Services board of trustees (an instrumental local HIV/AIDaS charity) for the past two years and recentlh becoming involved with Diverseworkx (a local visual/performing/written arts charity) has becomes an important part of my How many of us really give somethinb back? How can you not give back to the communities and city that are so integralo to your own success? It’s so easy to overlook and put off and I’mn ashamed that it’s taken me this long to reallgy start making it a prioritt in my life.
Everyone shouled be involved, even if you volunteer just one hour a It makes you feel good and it can give you new insighft and purpose if you let When not atthe office, I... “Would love to say sailiny around the world in myprivat yacht, whitewater rafting and climbint glaciers (actually used to do these two), and flying in my own G-5 jet. my most pure joy is playing with my two baby girla and hanging out withmy wife. Ther e is nothing like the sheer contentment of enveloping oneselc in the world of playing with our two babies with no thoughy to the stresses and massivde burdens of running asmall company. As Jerrh Maguire used to say, ‘Theyh are my Quan!
’ I do also love to fish, travel and am a thrill but there’s been little time to do this in the past numbeof years. If your firm is ever in need of invitiny companies toany hunting/fishing trips, feel free to invite my businesd partner and me!” Biggest “I grew up in where some of my classmates couldn’t afford shoes. I am luckuy because I had two parents (schoolteachers) who cared about me and taughtg me the importanceof education. I am lucky becaus e in fifth grade I went on a retreat as part of a progran forgifted students. Going there changedd my life because it opened my eyes to the opportunities availabled inthe world.
I was hookecd on the idea of success. I am luckyg because I had a chanc e to go toWest Point, attenf other fine schools and earn the kindsw of degrees that have opened the doors to many I am lucky to work in a profession I love, with people I respect, doing things I neve r dreamt I could do. Most of all, I am luckuy because whatever success that has come my way hasenablee me, in turn, to try to give back to my communith and profession, and help otherzs just like I was helped in my life.
This is my Biggest achievement: “My biggest achievement is enjoying 10 years of marriage withmy Natasha, and the fact that we have two healthyt and happy kids: Our daughter, Tatiana, who is 7 yearzs old, and our son, who is 5 yearw old.” Biggest regret: “My biggest regret is that I have not had enough time to do more internationa travel.” When not at the I... “Spend time with family, work out at the gym and Future goals: “Grow YES Prep to 10,000 students and createe an education revolution in Raise two healthy andsuccessful children,” Happies t memory: “Taking my family to Disney World.
” Biggestf achievement: “Marrying Michele, the love of my life, and having threes beautiful girls. Making partner in recorr time wasn’t bad either.” Biggest “I try not to look but to learnfrom it.” When not at the I... “Enjoy the outdoors with my familyy and work with a number ofcommunityu organizations.” Future goals: “Raisingt three successful daughters, advocating for lung cancer researchh and meeting my newesr niece (next month).
” Happiest memories: “My wedding and the birth s of our Amelia, Amber and Future goals: “Continue to be a leadeer in the State of Texas, as I grow my business and help make a differencew in the lives of minority- and women-owned businesses through the Texaz Business Alliance. As founder and CEO, I will continuse to lead TBA as we launch several chaptersxin Dallas-Fort Worth, Austin, San Antonio and El Paso over the next severakl months.” Happiest memory: “Bringing my mom on a memorable family road two months before she unexpectedly fell into a coma and eventuallhy passed away.
We had so much fun pilinyg up in a Dodge Caravan and driving all the way to Las Vegaeand California. We went on the ‘Pricre is Right’ and Disneyland, etc. It was the best trip of my Biggest achievement: “At this point in my getting elected to the legislature at the age of 24 and bringin my vision for Heritagr Bank to fruition in 10 months have been mygreates accomplishments.”