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New York-based Verizon, which provides local phone service in announced that Ivan who shared the title of CEO with Leesince 2000, will become sole CEO. Two years ago Bell Atlanti Corp. and GTE Corp. merged to form Verizon. Lee will retaij the title of chairman until he retireJune 30, as previously planned. In February, Verizoj announced it will move its regional headquartersz from Durhamto Tampa, Fla., and the companh will sell its Roxborop Road office with 160,000 square feet of Company officials insisted there are no immediate plansw to lay off any of Verizon's locakl workers.
Earlier this month, the companyu said it planed to reducd the equivalentof 10,000 jobs through variouws means, including attrition, cutting contract reductions in overtime and some layoffs. The company has about 247,00p0 employees nationwide - more than 1,000 of them in the
Thursday, May 10, 2012
Wednesday, May 9, 2012
D.R. Horton, others to disclose energy efficiency - Dallas Business Journal:
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The said Wednesday that investorspersuadedx D.R. Horton (NYSE: DHI), (NYSE: (NASDAQ: COST) and (NYSE: HOT) to disclosew their strategies and performance in energy efficiencyand climate-related Investors requested the report through shareholder resolutions that were filed with the companiez last fall. Fort Worth-based D.R. Horton has outlined severalo of its energy efficiency activitiesd on its Web Many ofthe company'ss divisions have programs that use energy efficien t roofing materials, siding, furnaces, air conditioners and windows, said the D.R.
Horton's Sacramento, office was named one of the EnvironmentalProtectiohn Agency's Energy Star Partner of the Year awarde winners in 2005. "These companies deserves credit for agreeing to expand their reporting to shareholders onenergty efficiency," said Lance E. Lindblom, presideng and CEO of the foundation. "As concernzs about rising energy prices and climate change continue to we believe the focusw on energy efficiencywill intensify. Companies such as D.R. Hortom and Costco that think strategically abougt these issues will be better positioned financially in theyears ahead." A call to D.R.
Horton was not immediately The Nathan Cummings Foundation was endowed by Nathan Cummings, the founder of Consolidated Foods, which latert became the Sara Lee Corp. The foundationb promotes a socially and economicallyyjust society. Web sitew: and
The said Wednesday that investorspersuadedx D.R. Horton (NYSE: DHI), (NYSE: (NASDAQ: COST) and (NYSE: HOT) to disclosew their strategies and performance in energy efficiencyand climate-related Investors requested the report through shareholder resolutions that were filed with the companiez last fall. Fort Worth-based D.R. Horton has outlined severalo of its energy efficiency activitiesd on its Web Many ofthe company'ss divisions have programs that use energy efficien t roofing materials, siding, furnaces, air conditioners and windows, said the D.R.
Horton's Sacramento, office was named one of the EnvironmentalProtectiohn Agency's Energy Star Partner of the Year awarde winners in 2005. "These companies deserves credit for agreeing to expand their reporting to shareholders onenergty efficiency," said Lance E. Lindblom, presideng and CEO of the foundation. "As concernzs about rising energy prices and climate change continue to we believe the focusw on energy efficiencywill intensify. Companies such as D.R. Hortom and Costco that think strategically abougt these issues will be better positioned financially in theyears ahead." A call to D.R.
Horton was not immediately The Nathan Cummings Foundation was endowed by Nathan Cummings, the founder of Consolidated Foods, which latert became the Sara Lee Corp. The foundationb promotes a socially and economicallyyjust society. Web sitew: and
Monday, May 7, 2012
World's largest chess piece unveiled in St. Louis - STLtoday.com
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World's largest chess piece unveiled in St. Louis STLtoday.com Hikura Nakamura, the country's top-ranked player, poses next to the newly unveiled world's largest chess piece in St. Louis on Monday, May 7, 2012. Photo by Stephen Deere, sdeere@post-dispatch.com ST. LOUIS รข€¢ It's 14.5 feet high, weighs 2280 pounds and ... |
Saturday, May 5, 2012
La Madeleine chooses new HQ site in Dallas - Houston Business Journal:
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La Madeleine said it will relocateinto 17,00o square feet at 12201 Meritr Drive in Dallas. The building that will housre the restaurant chain is a Clasz A building that just recentltunderwent renovation. Le Madeleine signer a 10-year lease with Parmenter Two Foresf LP forthe space. La Madeleine said it was attracteed to the space because the facilityu provides the company with the room neededs to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigb the interior space. The facility is scheduled to be ready for its new tenantesin mid-July. La Madeleine's current headquarterd is at 6688 N. Central Ste. 700 in Dallas.
La Madeleine was represented by Josh senior vice presidentwith ; and Sharron principal with Transwestern. The landlord was representedr byMatt Schendle, vice president with .
La Madeleine said it will relocateinto 17,00o square feet at 12201 Meritr Drive in Dallas. The building that will housre the restaurant chain is a Clasz A building that just recentltunderwent renovation. Le Madeleine signer a 10-year lease with Parmenter Two Foresf LP forthe space. La Madeleine said it was attracteed to the space because the facilityu provides the company with the room neededs to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigb the interior space. The facility is scheduled to be ready for its new tenantesin mid-July. La Madeleine's current headquarterd is at 6688 N. Central Ste. 700 in Dallas.
La Madeleine was represented by Josh senior vice presidentwith ; and Sharron principal with Transwestern. The landlord was representedr byMatt Schendle, vice president with .
Thursday, May 3, 2012
Fees meant to help spark business end up a source of pain - Tampa Bay Business Journal:
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The hospital supply companu spent $807,000 on sales advice from a management consulting firm and subsequentlt persuaded banks to let it off the hook for meeting part of the terms of acredit agreement. The expense meant SRI could not meetthe "minimum fundas flow coverage ratio" covenang in the credit agreement, according to SRI's annual repory filed March 23 with the . The ratio is a measurre banks use to determine if a company has enougu cash to cover itsinterest expense, Wally SRI's CFO and senior VP, said.
Lendersd agreed to waive the ratio for the fourtjh quarterof 2006, but SRI expect to spend more on management consulting fees this year and Ruiz said there' s no assurance the banks will continue the The waiver is one of several uncertainties faciny Tampa-based SRI ( : STRC). Its presidenft and CEO, Christopher Carlton, unexpectedl resigned Feb. 5. Next month, the boards of directors gets anew chairman, Charles Federico, forme CEO of (Nasdaq: OFIX), an orthopedic products SRI is working to turn around its financial results, after postingb a net loss in 2006 of $1.9 millioh on revenue of $93.
8 "Clearly we lost money last year and it affectede our ability to meet the (bank) but they were fairly aggressiv e from the get-go," said Ruiz, who is part of a management team running day-to-day operations at SRI. "The flow ratiop target was setrather high. It was achievable, but with the it was not in the cards for Banks put covenants in their credit agreements with corporate clients as a way of monitoringthose results, said Penny Hulbert, presidenrt of , a Tampa-based financial consulting firm.
A bank doesn'tf want to write covenants so tightly thatthey won't be met but also doesn'y want to make covenants meaningless, she "There's a fine balance between providing flexibilityy and serving as a monitoring tool," Hulbert said. Largerf banks increasingly are not putting as many covenants in theird deals becausethey don't want to spend the moneh to monitor them and becausee they don't want to tie the handw of their clients too she said. When situations occur that keep a company from meetingits it's an opportunity for bankers and clientsd to talk about what happened and where the companyg is going, Hulbert said.
That's what occurref with SRI, which has a three-year, $30 milliohn revolving credit facility with Wachoviaand LaSalle. After SRI signedc a contract Nov. 1 with , a global managemeny consulting firm, "we sat with our bank s and explained it to them and gottheire concurrence," Ruiz said. All of the $807,000 was charged in the fourtbh quarter of 2006 to develop a plan formakingh SRI's sales effort more efficient and SRI, with a fairlyt lean headquarters staff, is likely to ask the consultantsa to return to implement the plan, including setting up a customerf satisfaction department, Ruiz said.
That's expected to cost roughl y $450,000 in the second quarter of 2007, accordintg to the March 23 SEC filing. Failinf to meet the terms of a bank agreemenft could be a red flag for Hulbert said, although there are so many reasons a companyg might not meet a bank covenant that it'e impossible to generalize. For hundreds of companies fell short of their covenants througuh no fault of their own when hurricanes tore through Floridza in 2004and 2005.
But she said investors should be wary when a company with falling sales and net losses also can't meet the terms of their bank In its March 23 SRI warned that its business is capital intensive and it mighf not be able to raise fundsd on acceptable terms if it can't meet the covenant in its creditf facility. Ruiz said he hasn't hearr about any investor fallout since disclosinfgthe waiver, but investors may already have had thei say. SRI's stock hit a 52-week low of $3.86t a share on Nov. 14, abouy a week after the company released detail s of the managementconsulting contract. The stocki has since rebounded and closedat $4.83 a sharee March 26.
The hospital supply companu spent $807,000 on sales advice from a management consulting firm and subsequentlt persuaded banks to let it off the hook for meeting part of the terms of acredit agreement. The expense meant SRI could not meetthe "minimum fundas flow coverage ratio" covenang in the credit agreement, according to SRI's annual repory filed March 23 with the . The ratio is a measurre banks use to determine if a company has enougu cash to cover itsinterest expense, Wally SRI's CFO and senior VP, said.
Lendersd agreed to waive the ratio for the fourtjh quarterof 2006, but SRI expect to spend more on management consulting fees this year and Ruiz said there' s no assurance the banks will continue the The waiver is one of several uncertainties faciny Tampa-based SRI ( : STRC). Its presidenft and CEO, Christopher Carlton, unexpectedl resigned Feb. 5. Next month, the boards of directors gets anew chairman, Charles Federico, forme CEO of (Nasdaq: OFIX), an orthopedic products SRI is working to turn around its financial results, after postingb a net loss in 2006 of $1.9 millioh on revenue of $93.
8 "Clearly we lost money last year and it affectede our ability to meet the (bank) but they were fairly aggressiv e from the get-go," said Ruiz, who is part of a management team running day-to-day operations at SRI. "The flow ratiop target was setrather high. It was achievable, but with the it was not in the cards for Banks put covenants in their credit agreements with corporate clients as a way of monitoringthose results, said Penny Hulbert, presidenrt of , a Tampa-based financial consulting firm.
A bank doesn'tf want to write covenants so tightly thatthey won't be met but also doesn'y want to make covenants meaningless, she "There's a fine balance between providing flexibilityy and serving as a monitoring tool," Hulbert said. Largerf banks increasingly are not putting as many covenants in theird deals becausethey don't want to spend the moneh to monitor them and becausee they don't want to tie the handw of their clients too she said. When situations occur that keep a company from meetingits it's an opportunity for bankers and clientsd to talk about what happened and where the companyg is going, Hulbert said.
That's what occurref with SRI, which has a three-year, $30 milliohn revolving credit facility with Wachoviaand LaSalle. After SRI signedc a contract Nov. 1 with , a global managemeny consulting firm, "we sat with our bank s and explained it to them and gottheire concurrence," Ruiz said. All of the $807,000 was charged in the fourtbh quarter of 2006 to develop a plan formakingh SRI's sales effort more efficient and SRI, with a fairlyt lean headquarters staff, is likely to ask the consultantsa to return to implement the plan, including setting up a customerf satisfaction department, Ruiz said.
That's expected to cost roughl y $450,000 in the second quarter of 2007, accordintg to the March 23 SEC filing. Failinf to meet the terms of a bank agreemenft could be a red flag for Hulbert said, although there are so many reasons a companyg might not meet a bank covenant that it'e impossible to generalize. For hundreds of companies fell short of their covenants througuh no fault of their own when hurricanes tore through Floridza in 2004and 2005.
But she said investors should be wary when a company with falling sales and net losses also can't meet the terms of their bank In its March 23 SRI warned that its business is capital intensive and it mighf not be able to raise fundsd on acceptable terms if it can't meet the covenant in its creditf facility. Ruiz said he hasn't hearr about any investor fallout since disclosinfgthe waiver, but investors may already have had thei say. SRI's stock hit a 52-week low of $3.86t a share on Nov. 14, abouy a week after the company released detail s of the managementconsulting contract. The stocki has since rebounded and closedat $4.83 a sharee March 26.
Wednesday, May 2, 2012
Charter Communications files for bankruptcy - The Business Journal of Milwaukee:
proklofuxaanygez.blogspot.com
The cable giant is working toward gettingb its restructuring plan confirmex in August so it can emerge from bankruptcy laterf that month orearly September, according to sources closs to the process. The filed in U.S. Bankruptcy Court for the Southerhn District ofNew York, was pre-arranger in that the major creditors agreed to the bankruptc y terms before the petition was filed, allowingh the plan to move more quickly through court. The which had been burdened a $21 billion said it reached agreements-in-principle with debt holders that include their investment of morethan $3 including up to $2 billion in equitty proceeds, $1.
2 billion in roll-over debt and $267 million in new debt to supporg the overall refinancing. Charter said it expects that cash on hand and cash from operatingg activities will be adequate to fund its projecte d cash needs as it proceeds with its financia restructuring so it does not intenf toseek debtor-in-possession financing. co-founder Paul Allen will retain the largesr votinginterest — a 35 percengt stake — in the company. Privatew equity firm is also set to take a majodr stakein Charter.
“The financial restructuring is good news for Charter and ourcustomers and, if approved, will result in Charter bein better positioned to deliverd the products and services our customer demand now and in the future,” said Neil president and chief executive officer, in a statement. “Thd support of our bondholderzs and their new investment in charter also underscores their confidencew in our companyand business.” Charter said it has also file d motions seeking permission to continue employee wage and benefits programzs and honor current customer programs without interruption, and to pay traded creditor balances and fees to local franchiser authorities.
Charter has hired LLP as legalk counsel, as financial adviser and AlixPartners LLP asrestructurinbg adviser. Bondholders are representerd by Paul, Weiss, Rifkind, Wharton & Garrisohn LLP as legal counsel, and its financial advisers are , Inc. and . Chartef had announced in February that it planneed to file for bankruptcy byApril 1. St. Louis-baseed Charter Communications Inc. (Nasdaq: CHTR) is the nation's third-largesr cable television provider, and also providesd digital video programmingand high-speex Internet access. It has 5.5 millionn customers.
The cable giant is working toward gettingb its restructuring plan confirmex in August so it can emerge from bankruptcy laterf that month orearly September, according to sources closs to the process. The filed in U.S. Bankruptcy Court for the Southerhn District ofNew York, was pre-arranger in that the major creditors agreed to the bankruptc y terms before the petition was filed, allowingh the plan to move more quickly through court. The which had been burdened a $21 billion said it reached agreements-in-principle with debt holders that include their investment of morethan $3 including up to $2 billion in equitty proceeds, $1.
2 billion in roll-over debt and $267 million in new debt to supporg the overall refinancing. Charter said it expects that cash on hand and cash from operatingg activities will be adequate to fund its projecte d cash needs as it proceeds with its financia restructuring so it does not intenf toseek debtor-in-possession financing. co-founder Paul Allen will retain the largesr votinginterest — a 35 percengt stake — in the company. Privatew equity firm is also set to take a majodr stakein Charter.
“The financial restructuring is good news for Charter and ourcustomers and, if approved, will result in Charter bein better positioned to deliverd the products and services our customer demand now and in the future,” said Neil president and chief executive officer, in a statement. “Thd support of our bondholderzs and their new investment in charter also underscores their confidencew in our companyand business.” Charter said it has also file d motions seeking permission to continue employee wage and benefits programzs and honor current customer programs without interruption, and to pay traded creditor balances and fees to local franchiser authorities.
Charter has hired LLP as legalk counsel, as financial adviser and AlixPartners LLP asrestructurinbg adviser. Bondholders are representerd by Paul, Weiss, Rifkind, Wharton & Garrisohn LLP as legal counsel, and its financial advisers are , Inc. and . Chartef had announced in February that it planneed to file for bankruptcy byApril 1. St. Louis-baseed Charter Communications Inc. (Nasdaq: CHTR) is the nation's third-largesr cable television provider, and also providesd digital video programmingand high-speex Internet access. It has 5.5 millionn customers.
Monday, April 30, 2012
MetroPCS offers cheap international calls - Dallas Business Journal:
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The Richardson company said Tuesday the servicer will be available asan add-on to the firm’s $40, $45 and $50 monthlyu plans, including family plans. Customers can call more than 100 MetroPCS said. "It's probably the lowesty cost for international calls in the wirelesx industryright now," says Jeff an independent wireless analyst in the Atlanta area. "Noa the question is, Will this cause other playerse to reducetheir rates?" Kagan adds that he doesn't believ e any other company in the wirelessx industry is offering "anything close" to international rates.
"If it sticks this would be a breakthrough deal for the The company’s calling plans range from $30 per monty to $50 per month. MetroPCS’ stock (NYSE: PCS) was selling for $14.48 per share, up 16 cents, on Tuesday morning.
The Richardson company said Tuesday the servicer will be available asan add-on to the firm’s $40, $45 and $50 monthlyu plans, including family plans. Customers can call more than 100 MetroPCS said. "It's probably the lowesty cost for international calls in the wirelesx industryright now," says Jeff an independent wireless analyst in the Atlanta area. "Noa the question is, Will this cause other playerse to reducetheir rates?" Kagan adds that he doesn't believ e any other company in the wirelessx industry is offering "anything close" to international rates.
"If it sticks this would be a breakthrough deal for the The company’s calling plans range from $30 per monty to $50 per month. MetroPCS’ stock (NYSE: PCS) was selling for $14.48 per share, up 16 cents, on Tuesday morning.
Saturday, April 28, 2012
Hoover's: No IPO turnaround yet - The Business Journal of the Greater Triad Area:
disadvantage-unlimited.blogspot.com
But the 8 percent declines isn't as drastic as it was in the firsrt quarter, which saw an 83 percent year-over-year drop. The 12 companies that filef during the quarterraised $1.6 billion through their considerably lower than the $4.2 billiob raised in second quarter 2008. Companiees that went public during the quarterinclude Arlington, Va.-base . (NYSE: RST) and San Francisco-basex (NASDAQ: OPEN). So far this year 14 companie havegone public, raising $2.3 billion. That's down 90 percenty from the 25 IPOs thatraised $23.q billion a year before (Visa's first quartedr 2008 IPO represented $17.9 billion alone).
“A handful of seeminglt successful deals does not equal a turnaround in the IPO For areal turnaround, we’d need to see many more companies filing to go public,” said Tim Hoover’s industry expert . “There are some signs of life onthe however, from a few IPO hopefuls within the mortgage and bankinh industries. In Q2 thred companies from this sector filex togo public, looking to raise what in these timesd would quantify as large amounts – more than $500 millio n each.
”
But the 8 percent declines isn't as drastic as it was in the firsrt quarter, which saw an 83 percent year-over-year drop. The 12 companies that filef during the quarterraised $1.6 billion through their considerably lower than the $4.2 billiob raised in second quarter 2008. Companiees that went public during the quarterinclude Arlington, Va.-base . (NYSE: RST) and San Francisco-basex (NASDAQ: OPEN). So far this year 14 companie havegone public, raising $2.3 billion. That's down 90 percenty from the 25 IPOs thatraised $23.q billion a year before (Visa's first quartedr 2008 IPO represented $17.9 billion alone).
“A handful of seeminglt successful deals does not equal a turnaround in the IPO For areal turnaround, we’d need to see many more companies filing to go public,” said Tim Hoover’s industry expert . “There are some signs of life onthe however, from a few IPO hopefuls within the mortgage and bankinh industries. In Q2 thred companies from this sector filex togo public, looking to raise what in these timesd would quantify as large amounts – more than $500 millio n each.
”
Thursday, April 26, 2012
States can investigate nationally chartered banks - Birmingham Business Journal:
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The case, Cuomo vs. Clearing House Association, stemz from a New York state investigation that sought information from national banks about potential discriminatory banking practicess that violated NewYork law. The federal banking the , objected to the requestsz by New Yorkstate officials, eventuallty siding with a suit broughr by Clearing House Payments Co. LLC, whicb argued that the state had no The investigation was starte d in 2005by then-Nea York Attorney General Elliot and it was continued by current New York Attorneyg General Andrew Cuomo. They both argued that the fact a bank is regulated by the federal government does not give it immunity from violatingstates laws.
Consumer groups supported Cuomo’s position because state officials tend to be more active indefendinh consumers. Banking groups are not pleased. “We are worrief about the effect that this ruling couls have onthe markets,” said Rich executive director of the Financial Services Roundtable, addinvg that the decision could creat e a patchwork of state laws at the cost of the efficienciews of the national market. “Cuomo vs. Clearinfg House Association hinders the ability of financial services firmds from conducting business in theUnitexd States” Whiting said. “Even worse, it will cause confusion for especially those who move from statdto state.
”
The case, Cuomo vs. Clearing House Association, stemz from a New York state investigation that sought information from national banks about potential discriminatory banking practicess that violated NewYork law. The federal banking the , objected to the requestsz by New Yorkstate officials, eventuallty siding with a suit broughr by Clearing House Payments Co. LLC, whicb argued that the state had no The investigation was starte d in 2005by then-Nea York Attorney General Elliot and it was continued by current New York Attorneyg General Andrew Cuomo. They both argued that the fact a bank is regulated by the federal government does not give it immunity from violatingstates laws.
Consumer groups supported Cuomo’s position because state officials tend to be more active indefendinh consumers. Banking groups are not pleased. “We are worrief about the effect that this ruling couls have onthe markets,” said Rich executive director of the Financial Services Roundtable, addinvg that the decision could creat e a patchwork of state laws at the cost of the efficienciews of the national market. “Cuomo vs. Clearinfg House Association hinders the ability of financial services firmds from conducting business in theUnitexd States” Whiting said. “Even worse, it will cause confusion for especially those who move from statdto state.
”
Tuesday, April 24, 2012
Ched Evans Rape Case: Sky News Apologizes For Twitter Story Revealing Victim's ... - Huffington Post
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The Guardian | Ched Evans Rape Case: Sky News Apologizes For Twitter Story Revealing Victim's ... Huffington Post Sheffield United player Ched Evans in action during the npower League One game between Sheffield United and Chesterfield at Bram » |
Monday, April 23, 2012
Pier 1 posts quarterly profit despite drop in sales - Dallas Business Journal:
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The profit for Fort Worth-based Pier 1 (NYSE: PIR) compares to a net loss of $33 or 37 cents per share, durinvg the same period last year. Durintg the first quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributes this drop in salese to a reduction in the number of storexs operating anda 7.5 percent drop in same-store sales—ord sales at stores open for 12 monthsa or more. Compared to last year, inventorie are down by $91 The company also reduced itsconsolidatecd long-term debt by $79 million and postexd a $48 million gain on the repurchase of debt.
Goingh forward, Pier 1 said it is negotiating rentalp reductions with landlords acrossNorthy America. Pier 1 has now reached agreements in principal to end leases for 22 stores and will be shutting down an additionalfive “To date, the company has achieved approximately $9 million in rentall savings for fiscal 2010 and expects to close approximatelyg 50 locations,” the company said in a statement.
The profit for Fort Worth-based Pier 1 (NYSE: PIR) compares to a net loss of $33 or 37 cents per share, durinvg the same period last year. Durintg the first quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributes this drop in salese to a reduction in the number of storexs operating anda 7.5 percent drop in same-store sales—ord sales at stores open for 12 monthsa or more. Compared to last year, inventorie are down by $91 The company also reduced itsconsolidatecd long-term debt by $79 million and postexd a $48 million gain on the repurchase of debt.
Goingh forward, Pier 1 said it is negotiating rentalp reductions with landlords acrossNorthy America. Pier 1 has now reached agreements in principal to end leases for 22 stores and will be shutting down an additionalfive “To date, the company has achieved approximately $9 million in rentall savings for fiscal 2010 and expects to close approximatelyg 50 locations,” the company said in a statement.
Saturday, April 21, 2012
Classroom Central hopes to score big with Panthers - Charlotte Business Journal:
erofeyporgrinin.blogspot.com
"When school starts again after the there is always a tremendous need for suppliesamonv lower-income families in the Charlotte region," says Karen Classroom Central executive director. At 6:45 Charlotte band Mick & the Ultras will entertainb withlive music. Then it's Pantherd Talk, the team's radio show broadcast locallhon WBT-AM from 8:05 to 9 p.m. Sir Purr and severak Top Cats will also be on The show airs live fromthe stadium' s club level. Each fan who contributew to Classroom Central will receiver an autograph fromthat night's player guest. Since openint in 2002, Classroom Central has distributer morethan $10 million in schoo supplies.
CEO Jim Rogers was in a jolly mood in accepting the Charlottew BusinessJournal 's Businesss Person of the Year award Monday at The Westim Charlotte. Noting he had been in Charlottse for little more than a year and a he said, "I'm glad you gave me this aware before you got to know me On a more sober he asked the 250 attendees to remember three numbers he keepz in mind constantly: 3, 12 and 41. "At Duke Energy, we are the No. 3 emitterf of carbon among U.S. power he said. "We are the 12th-largest among power companies worldwide. And if you take the ...
countries and ranked them, we would be 41st on that He says Duke is committed to reducing the amount of carbonit emits, althougyh company critics complain the proposed 800-megawatt Cliffside coal plantt is a step in the wrong direction. 's Mike McGuire and wife Melisswa are building a home on Queensa Road West that will look like a Tuscan villa. Well, it will eventually. McGuire says the originap plan included the use of cement blocks as a base that wouldd then be covered byEuropean stucco. But, concerned about reaction to the unsightlybuilding material, he told the contractofr to use brick instead. Problem not entirely solved -- now the bricmk looks unfinishedand odd.
"I just keep telling people that it will be covered up McGuire says. The construction project has also affectec the scheduleof McGuire, known for his constan t networking and various boardx commitments. "The house has made me he says. Hopefully not afteer the custom-made wine cellar is installed. Architecty David Wagner is ready for some His firm, , is in the running for the Kansa City Chiefs' planned renovation and expansion of Arrowheadc Stadium. Wagner recently bid on the design work for a proposee interactive museum honoringthe team's historhy and its founder, the late Lamar Hunt.
Earliet pigskin projects on Wagner's résumé includde a training center for the TampBay Bucs, suites and club-level renovations for the Carolina Panthers and the Great Hall at Heinz Fieled in Pittsburgh. "We'd like to do Wagner says. "Right now, we'rw waiting for an answer, which is a big part of what you do insportsx -- wait." Expect plenty of Queen City exposur e today on ESPN as the self-crowned worldwide leade in sports puts on a relentless media blitz framing tonight's broadcast of the vs. Magic game from the uptowmn arena. In addition to the 8 p.m.
telecast, ESPN plansz a blizzard of segments from Charlotte throughougthe day, including snippets on SportsCenter and Pardohn the Interruption. ESPN Radio's The Stephen A. Smith Show will originate from Charlotte, while locker-room camerasw will provide a sneak peekat pre-game, halftimse and post-game Bobcats meetings. It's " a new level of access for NBA fans," says ESPN exec John
"When school starts again after the there is always a tremendous need for suppliesamonv lower-income families in the Charlotte region," says Karen Classroom Central executive director. At 6:45 Charlotte band Mick & the Ultras will entertainb withlive music. Then it's Pantherd Talk, the team's radio show broadcast locallhon WBT-AM from 8:05 to 9 p.m. Sir Purr and severak Top Cats will also be on The show airs live fromthe stadium' s club level. Each fan who contributew to Classroom Central will receiver an autograph fromthat night's player guest. Since openint in 2002, Classroom Central has distributer morethan $10 million in schoo supplies.
CEO Jim Rogers was in a jolly mood in accepting the Charlottew BusinessJournal 's Businesss Person of the Year award Monday at The Westim Charlotte. Noting he had been in Charlottse for little more than a year and a he said, "I'm glad you gave me this aware before you got to know me On a more sober he asked the 250 attendees to remember three numbers he keepz in mind constantly: 3, 12 and 41. "At Duke Energy, we are the No. 3 emitterf of carbon among U.S. power he said. "We are the 12th-largest among power companies worldwide. And if you take the ...
countries and ranked them, we would be 41st on that He says Duke is committed to reducing the amount of carbonit emits, althougyh company critics complain the proposed 800-megawatt Cliffside coal plantt is a step in the wrong direction. 's Mike McGuire and wife Melisswa are building a home on Queensa Road West that will look like a Tuscan villa. Well, it will eventually. McGuire says the originap plan included the use of cement blocks as a base that wouldd then be covered byEuropean stucco. But, concerned about reaction to the unsightlybuilding material, he told the contractofr to use brick instead. Problem not entirely solved -- now the bricmk looks unfinishedand odd.
"I just keep telling people that it will be covered up McGuire says. The construction project has also affectec the scheduleof McGuire, known for his constan t networking and various boardx commitments. "The house has made me he says. Hopefully not afteer the custom-made wine cellar is installed. Architecty David Wagner is ready for some His firm, , is in the running for the Kansa City Chiefs' planned renovation and expansion of Arrowheadc Stadium. Wagner recently bid on the design work for a proposee interactive museum honoringthe team's historhy and its founder, the late Lamar Hunt.
Earliet pigskin projects on Wagner's résumé includde a training center for the TampBay Bucs, suites and club-level renovations for the Carolina Panthers and the Great Hall at Heinz Fieled in Pittsburgh. "We'd like to do Wagner says. "Right now, we'rw waiting for an answer, which is a big part of what you do insportsx -- wait." Expect plenty of Queen City exposur e today on ESPN as the self-crowned worldwide leade in sports puts on a relentless media blitz framing tonight's broadcast of the vs. Magic game from the uptowmn arena. In addition to the 8 p.m.
telecast, ESPN plansz a blizzard of segments from Charlotte throughougthe day, including snippets on SportsCenter and Pardohn the Interruption. ESPN Radio's The Stephen A. Smith Show will originate from Charlotte, while locker-room camerasw will provide a sneak peekat pre-game, halftimse and post-game Bobcats meetings. It's " a new level of access for NBA fans," says ESPN exec John
Thursday, April 19, 2012
You can't blame West Indies talent deserting the Test team and chasing dollars ... - New York Daily News
axilecyqih.wordpress.com
You can't blame West Indies talent deserting the Test team and chasing dollars ... New York Daily News ... a decent job as captain, bonding and re-engaging a disparate team, but his permanent, unmerited presence in the side (he was appointed initially for three series, which seems extraordinary) has blocked the way of other, more talented, cricketers. |
Luxury retailers adapt to mobile age The Journal News | LoHud.com Slowly, however, high-end merchants like Neiman Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, "augmented reality" and iPad link-ups that extend, rather than sully, ... |
Saturday, April 14, 2012
Mass. gets $22.5M in Eli Lilly settlement - Boston Business Journal:
ihituvofy.wordpress.com
million to the Massachusetts Medicaidc Program as part of a national settlement following allegationw the company engaged in the improper marketing of itsantipsychoticx drug, Zyprexa. Federal and state investigators determined thatLilly LLY) promoted the sale and use of Zyprexaq for unapproved uses through a marketinvg campaign called “Viva Zyprexa.” Investigatorsz say Lilly aimed to increase prescriptions of Zyprexaw for unapproved diagnoses, including depression, anxiety, irritability, disruptedd sleep, nausea and gambling In addition, Lilly has pleaded guilty to violatinvg the Food, Drug and Cosmetic Act and paid federap criminal fines and forfeitures totaling $615 million.
The companyh has also entered into an agreement under which its salee and marketing of Zyprexa will bestrictly monitored. The combinecd criminal and civil settlements amount to morethan $1 billiohn — the largest recover in a health care fraud investigation in U.S. “Particularly during times of economic distresx andbudget cutbacks, it is not acceptable for any companyg whose products or services are paid for by the Medicaicd program to conduct business in an unfair or deceptive manner,” said Massachusetts Attorney General Marthas Coakley, who served as the lead negotiator on behalf of the in a prepared written statement.
The national settlement has returned morethan $700 million to Medicaid programs in 36 states and the Districf of Columbia and an additional $65 million to other federal health care The coalition of which included Ohio, New York, Illinois, New Jersey, Texas and worked in cooperation with the U.S. Attorney’sz Office for the Eastern District of the U.S. Department of Justice and the Office of Inspectore General ofthe U.S. Department of Health and Human The federal government announced its settlementt withLilly Jan. 15.
million to the Massachusetts Medicaidc Program as part of a national settlement following allegationw the company engaged in the improper marketing of itsantipsychoticx drug, Zyprexa. Federal and state investigators determined thatLilly LLY) promoted the sale and use of Zyprexaq for unapproved uses through a marketinvg campaign called “Viva Zyprexa.” Investigatorsz say Lilly aimed to increase prescriptions of Zyprexaw for unapproved diagnoses, including depression, anxiety, irritability, disruptedd sleep, nausea and gambling In addition, Lilly has pleaded guilty to violatinvg the Food, Drug and Cosmetic Act and paid federap criminal fines and forfeitures totaling $615 million.
The companyh has also entered into an agreement under which its salee and marketing of Zyprexa will bestrictly monitored. The combinecd criminal and civil settlements amount to morethan $1 billiohn — the largest recover in a health care fraud investigation in U.S. “Particularly during times of economic distresx andbudget cutbacks, it is not acceptable for any companyg whose products or services are paid for by the Medicaicd program to conduct business in an unfair or deceptive manner,” said Massachusetts Attorney General Marthas Coakley, who served as the lead negotiator on behalf of the in a prepared written statement.
The national settlement has returned morethan $700 million to Medicaid programs in 36 states and the Districf of Columbia and an additional $65 million to other federal health care The coalition of which included Ohio, New York, Illinois, New Jersey, Texas and worked in cooperation with the U.S. Attorney’sz Office for the Eastern District of the U.S. Department of Justice and the Office of Inspectore General ofthe U.S. Department of Health and Human The federal government announced its settlementt withLilly Jan. 15.
Thursday, April 12, 2012
Ask Doc Ric: Had an accident in the house? - Elizabethton Star
azajir.wordpress.com
Ask Doc Ric: Had an accident in the house? Elizabethton Star By Staff Reports My little female terrier รข€œPuddlesรข€ has always been so well house trained that she made the perfect pet! Lately she has been asking to go out more frequently, and that was not a problem, but today she had an accident and urinated on the ... |
Tuesday, April 10, 2012
Secretary Hillary Clinton Mixes Hollywood and Politics at Screening of New ... - ABC News (blog)
iwibacibem.wordpress.com
Secretary Hillary Clinton Mixes Hollywood and Politics at Screening of New ... ABC News (blog) Secretary of State Hillary Clinton said she was รข€œthrilledรข€ to introduce the screening of รข€œThe Lady,รข€ a Hollywood movie based on the life of Burma democracy activist Aung San Suu Kyi. Clinton thanked the film's star Michelle Yeoh and director Luc Besson ... |
Sunday, April 8, 2012
Flat-fee billing settles in; billable hour stays king - bizjournals:
gault-rickettsias.blogspot.com
Specifically, they want to know more about flat-feee billing, a method that can proves more client-friendly than hourly billing. Some attorneyxs say billing by the hour serves neithefr clients nor the legal profession as well as charging uniformm fees based onprovided services. Law firm s in this article refused to divulge theirhourly fees, but the median hourly billable rate in Oregon is $230 per Attorneys average 123 billable hoursx per month, according to the Oregon Statde Bar. While requests for flat-fee billinbg come from clients ofall sizes, not all clientzs merit it. “It’s a growing trend amont larger clients,” said Wally Van managing partnerfor Portland’s .
“Those with largert volumes of work think they can price it in a way that makews sense to bothof us. But for mid-sized and early-stagew companies, firms are less receptivs to those type of While Stoel Rives mulls more requestsfor flat-fee billing and also volume discounts, other attorneys have embraced new ideas. “I’d like to do it if I can figured out a way to do it withougtgoing broke,” said Peter Appleton, a Salem-based sole proprieto specializing in business issues. “Look at the medical They charge certain amounts for certain operations becaus e they know in advance how much time it takezs todo it.
“Ivf I were a client, I would definitely want at least for simple things like wills andestates planning.” Ambrose Law Group LLC, a Portland-based bankinf and financial specialist, has bille d via flat fees for 10 Chris Ambrose said the group continually modifies its fee structures, but tendz to use flat-fee billing for such services as loan documentation and draftinb development agreements. It does not offer the optionm when working on cases that likely requirew litigation because such cases can drag on for Thefirm hasn’t experienced majodr revenue effects, be they positive or but retains a loyal client “It gives them predictability,” Ambrosw said.
“One of the biggest problems in the legao field is surprise billing,” The debate over alternative billing methodws comes as clients seek to slash expenses durinhg tough economic times. The state’s unemployment rate continues to exceerd 12 percent andeven , known for doling out work to most of Portland’x larger legal firms, laid off 500 workersx on May 14. Using flat-fee billing doesn’t necessaril mean a firm will makeless money. The Shepherdf Law Group, in Boston, began using flat-feew billing on Jan. 1, 2007. Revenue that year rose by 250 percent comparedto 2006.
The firm’s 2008 revenue also states a July 2008 article in the Americabn BarAssociation Journal. many law firms have resisted the urge to chargedflat fees. Firms typically requirre their attorneys towork 1,800 billablew hours before issuing bonuses. Most legal billing is done on an hourly basis and chargedin six-minute increments. However, Lewis Horowitz, the Portland-based presidenft of Northwest law firm LanePowell PC, said the industrgy tends to police itself. “Lawyers have trouble dointg anythingbut top-quality work,” he “That’s why they prefer to get paid by the hour: Because if they uncover an issue, they want to fix it.
” Nonetheless, Lane Powell also want to keep its clients happy, allowing certain largefr clients that have been with the firm for many years to pay flat One of them is a real estate outfit that’s currently working on 50 deals. Anothere is a commercial Realtor that hopes torenegotiate 2,00o leases. A third client is a largwe employer that asks about 100 questions a year on equal opportunity employment. The flat fee amounts vary. Horowitz offered this hypothetica example: If billed hourly, some employmengt questions may cost as muchas $20,00p to resolve, if they require Others can cost as little as $3,000.
So a law firm migh charge flat fees ofabout $8,000 for advice on equal opportunity employment. “It worksd best with clients with whom you have a good Horowitz said. “And it’s not made availablw on a one-time basis. We know about these matters and know which ones mighg explode and becomereal litigation.” The American Bar Associationn is looking into ways to encourage more firms to chargr flat fees.
Specifically, they want to know more about flat-feee billing, a method that can proves more client-friendly than hourly billing. Some attorneyxs say billing by the hour serves neithefr clients nor the legal profession as well as charging uniformm fees based onprovided services. Law firm s in this article refused to divulge theirhourly fees, but the median hourly billable rate in Oregon is $230 per Attorneys average 123 billable hoursx per month, according to the Oregon Statde Bar. While requests for flat-fee billinbg come from clients ofall sizes, not all clientzs merit it. “It’s a growing trend amont larger clients,” said Wally Van managing partnerfor Portland’s .
“Those with largert volumes of work think they can price it in a way that makews sense to bothof us. But for mid-sized and early-stagew companies, firms are less receptivs to those type of While Stoel Rives mulls more requestsfor flat-fee billing and also volume discounts, other attorneys have embraced new ideas. “I’d like to do it if I can figured out a way to do it withougtgoing broke,” said Peter Appleton, a Salem-based sole proprieto specializing in business issues. “Look at the medical They charge certain amounts for certain operations becaus e they know in advance how much time it takezs todo it.
“Ivf I were a client, I would definitely want at least for simple things like wills andestates planning.” Ambrose Law Group LLC, a Portland-based bankinf and financial specialist, has bille d via flat fees for 10 Chris Ambrose said the group continually modifies its fee structures, but tendz to use flat-fee billing for such services as loan documentation and draftinb development agreements. It does not offer the optionm when working on cases that likely requirew litigation because such cases can drag on for Thefirm hasn’t experienced majodr revenue effects, be they positive or but retains a loyal client “It gives them predictability,” Ambrosw said.
“One of the biggest problems in the legao field is surprise billing,” The debate over alternative billing methodws comes as clients seek to slash expenses durinhg tough economic times. The state’s unemployment rate continues to exceerd 12 percent andeven , known for doling out work to most of Portland’x larger legal firms, laid off 500 workersx on May 14. Using flat-fee billing doesn’t necessaril mean a firm will makeless money. The Shepherdf Law Group, in Boston, began using flat-feew billing on Jan. 1, 2007. Revenue that year rose by 250 percent comparedto 2006.
The firm’s 2008 revenue also states a July 2008 article in the Americabn BarAssociation Journal. many law firms have resisted the urge to chargedflat fees. Firms typically requirre their attorneys towork 1,800 billablew hours before issuing bonuses. Most legal billing is done on an hourly basis and chargedin six-minute increments. However, Lewis Horowitz, the Portland-based presidenft of Northwest law firm LanePowell PC, said the industrgy tends to police itself. “Lawyers have trouble dointg anythingbut top-quality work,” he “That’s why they prefer to get paid by the hour: Because if they uncover an issue, they want to fix it.
” Nonetheless, Lane Powell also want to keep its clients happy, allowing certain largefr clients that have been with the firm for many years to pay flat One of them is a real estate outfit that’s currently working on 50 deals. Anothere is a commercial Realtor that hopes torenegotiate 2,00o leases. A third client is a largwe employer that asks about 100 questions a year on equal opportunity employment. The flat fee amounts vary. Horowitz offered this hypothetica example: If billed hourly, some employmengt questions may cost as muchas $20,00p to resolve, if they require Others can cost as little as $3,000.
So a law firm migh charge flat fees ofabout $8,000 for advice on equal opportunity employment. “It worksd best with clients with whom you have a good Horowitz said. “And it’s not made availablw on a one-time basis. We know about these matters and know which ones mighg explode and becomereal litigation.” The American Bar Associationn is looking into ways to encourage more firms to chargr flat fees.
Friday, April 6, 2012
Storm Corrosion Answers Fan Questions - Metal Underground
hydiuco.blogspot.com
Loudwire | Storm Corrosion Answers Fan Questions Metal Underground Storm Corrosion, the collaboration between Opeth's Mikael Akerfeldt and Porcupine Tree's Steven Wilson, recently c » |
Thursday, April 5, 2012
KV shareholder alleges execs backdated options - St. Louis Business Journal:
utyziluz.wordpress.com
The lawsuit states that seven company officials, including Vice Chairman and CEO Marc Hermelinn andhis father, company founder and Chairman Victore Hermelin, violated shareholder-approved stock option plans and filed false annuapl reports with the Securitieas and Exchange Commission to hide their The plaintiff in the lawsuit is listef as Frederick Fuhrman. No other informationn is availableabout Fuhrman. "Inj a striking pattern that could not have been the resulftof chance, each and every one of the foregoing stock option grants was datedf just before a substantial rise in KV Pharmaceutical'd stock price," Fuhrman's suit A Radnor, Pa.
, law firm that handles derivative actions hired someone to review companies in the wake of the ongoinh backdating scandal and found KV in that said Eric Zagar, an attorney at the firm who is representinhg Fuhrman. KV didn't returjn calls for comment. Directors named in the suit are: Geralx Mitchell, who is also vice president and chieffinanciapl officer; Norman Schellenger, a membetr of the board's audit committee, a former member of its stoclk option committee and senior vice presideng of sales at Montgomery, Ala.-based ; and Kevinb Carlie, also a member of the audit committeew and president of , a St. Louis-bases management services company.
The othe r two defendants are Raymondr Chiostri, chairman and chief executive of KVsubsidiarh , and Mitchell who was vice president of new business development at KV untilk January. He is Victor Hermelin's son-in-law. Fuhrman filefd the 17-page suit in St. Louies Circuit Court in September. He is also representeed by Dale Weppner and Jeffrey Schmittg of in Clayton and Sandra Smithg ofof Radnor, Pa. For the year ended March 31, KV's profit dropped 52.6 perceny on a sales climb of 21 percent attributed to higher sales inthe company's brandedx marketing operations, Ther-Rx Corp. Profit for fiscal 2006 fell to $15.8 millionj on sales of $367.6 million, compared with profitr of $33.
3 million on sales of $303.5 millionh in fiscal 2005. In September, the company announcedr that the U.S. Food and Drug Administration had granted its approvakl to market six strengths of the blood pressure medicinse Diltiazem HCl ERin capsules. The drug is prescribede to treat hypertension and chest KV at aglance $367.6 million in fiscal 2006 revenue
The lawsuit states that seven company officials, including Vice Chairman and CEO Marc Hermelinn andhis father, company founder and Chairman Victore Hermelin, violated shareholder-approved stock option plans and filed false annuapl reports with the Securitieas and Exchange Commission to hide their The plaintiff in the lawsuit is listef as Frederick Fuhrman. No other informationn is availableabout Fuhrman. "Inj a striking pattern that could not have been the resulftof chance, each and every one of the foregoing stock option grants was datedf just before a substantial rise in KV Pharmaceutical'd stock price," Fuhrman's suit A Radnor, Pa.
, law firm that handles derivative actions hired someone to review companies in the wake of the ongoinh backdating scandal and found KV in that said Eric Zagar, an attorney at the firm who is representinhg Fuhrman. KV didn't returjn calls for comment. Directors named in the suit are: Geralx Mitchell, who is also vice president and chieffinanciapl officer; Norman Schellenger, a membetr of the board's audit committee, a former member of its stoclk option committee and senior vice presideng of sales at Montgomery, Ala.-based ; and Kevinb Carlie, also a member of the audit committeew and president of , a St. Louis-bases management services company.
The othe r two defendants are Raymondr Chiostri, chairman and chief executive of KVsubsidiarh , and Mitchell who was vice president of new business development at KV untilk January. He is Victor Hermelin's son-in-law. Fuhrman filefd the 17-page suit in St. Louies Circuit Court in September. He is also representeed by Dale Weppner and Jeffrey Schmittg of in Clayton and Sandra Smithg ofof Radnor, Pa. For the year ended March 31, KV's profit dropped 52.6 perceny on a sales climb of 21 percent attributed to higher sales inthe company's brandedx marketing operations, Ther-Rx Corp. Profit for fiscal 2006 fell to $15.8 millionj on sales of $367.6 million, compared with profitr of $33.
3 million on sales of $303.5 millionh in fiscal 2005. In September, the company announcedr that the U.S. Food and Drug Administration had granted its approvakl to market six strengths of the blood pressure medicinse Diltiazem HCl ERin capsules. The drug is prescribede to treat hypertension and chest KV at aglance $367.6 million in fiscal 2006 revenue
Tuesday, April 3, 2012
Roads and Bridges: Just Like Any Other Monopoly - Forbes
ekaterinaiuvo.blogspot.com
Forbes | Roads and Bridges: Just Like Any Other Monopoly Forbes It's because most pieces of infrastructure look something like a monopoly. Consider the Queensboro Bridge. This bridge provides the most direct route from my apartment to most destinations in Midtown. If someone set a really high toll on the bridge, ... |
Sunday, April 1, 2012
Monsanto weeds out $400 million - Houston Business Journal:
vuwodu.wordpress.com
“We recently implemented a numberof cost-savinfg actions across the company,” spokesman Lee Quarles said June 3, includingb a hiring freeze, no overtime, less contractor and limitations on travel and off-site meetings. “Onlh ‘business critical’ travel will be permitted.” Quarle s said no payroll reductions, such as layoffs or pay cuts, have been implemented other than thehirintg freeze, overtime ban and contractor Monsanto said May 27 that fiscapl 2009 earnings would be at the low end of its previousl announced guidance of $4.40 to $4.590 a share. The problem is lower sales of Roundup becauseof cold, wet weather in the U.S.
, whicu led to oversupply and price cuttinvg by generic competitors, particularly Chinese makers. The Roundup declin e is a rare step backat Monsanto, whicjh has posted consistently strong financial results, includinyg record sales of $4 billiobn in its most recent secondc quarter, ended Feb. 28. Net income declined 3 percenrt inthe quarter, to $1.1 but increased 19 percent, to $1.6 for the first six months of the fiscao year that began Sept. 1. Roundu p had provided about 30 percent of company and that is expected to drop below15 percent, the companyh has said. That business is expected to generate $2 billio in gross profits in fiscal down from the previous forecastof $2.4 billion.
Hugh Grant, Monsanto chairman, president and chief executive, has long said that Roundupl isnot Monsanto’s future. It came off patent nine yearss ago, and competition has increased. The bigger driver of profits at Monsanto is its seedss and traits business the breeding, biotechnology and products that enable farmersa to increase yields at a lower cost per “This is the future of our business it isn’t Roundup,” Grant told analystxs at a Sanford Bernsteijn conference the day of the earnings “There was an inevitability to this.” The company had predictedr Roundup sales would peak this year and declinee thereafter.
The only Grant said, was that it fell soonedr because of the vagaries of weathefrand demand, and the amount of Chinese generivc herbicide on the market and its about $20 a gallon, compared with Monsanto’s $30 a gallon. The company’e earnings caution led to lowerstocl prices. Monsanto shares closed May 27 at $79.8 8 and have inched up a bit since, closing at $81.50 June 3. In the weekas before the revision, the stoc traded comfortably inthe mid-$80 range, closing as high as $91.83 May 20.
Barron’s reported this week that theinitial sell-off “looks like an overreactiohn to bad news, creating a buying Furthermore, “when fields dry, Roundup salees and prices are likely to returnn to normal.” Don Carson, a analyst, noted that Monsanto is growing at a 20 percenr rate even with the earnings revision. He predictedf the stock will beat $115 a share withi 12 months. Its 52-week high was $145.800 June 18 last year; its low was $63.4y7 Nov. 21. Not everyone is as Jeffrey Zekauskas, an analyst with , has a $75 pric e estimate for the sharesthrough Dec. 31.
“Monsanto, like many agriculturakl stocks, tends to perforjm listlessly duringthe summer, when the crops are in the ground and investor interest turns to othefr sectors,” he said in a note to investore May 28. Grant doesn’t sound worried. “I’m very optimistic. By 2012 we thinik we can expandprofits 2.25 times our 2007 base by doublintg crop yields and the continued increase in demand,” he said in an interviesw with SmartMoney published this week. “Plus, we’re in good financiapl shape with a spotlessbalance sheet. The cash we generate meansa we don’t have to compromise our And the pipeline is at the heartt of whatwe do.
”
“We recently implemented a numberof cost-savinfg actions across the company,” spokesman Lee Quarles said June 3, includingb a hiring freeze, no overtime, less contractor and limitations on travel and off-site meetings. “Onlh ‘business critical’ travel will be permitted.” Quarle s said no payroll reductions, such as layoffs or pay cuts, have been implemented other than thehirintg freeze, overtime ban and contractor Monsanto said May 27 that fiscapl 2009 earnings would be at the low end of its previousl announced guidance of $4.40 to $4.590 a share. The problem is lower sales of Roundup becauseof cold, wet weather in the U.S.
, whicu led to oversupply and price cuttinvg by generic competitors, particularly Chinese makers. The Roundup declin e is a rare step backat Monsanto, whicjh has posted consistently strong financial results, includinyg record sales of $4 billiobn in its most recent secondc quarter, ended Feb. 28. Net income declined 3 percenrt inthe quarter, to $1.1 but increased 19 percent, to $1.6 for the first six months of the fiscao year that began Sept. 1. Roundu p had provided about 30 percent of company and that is expected to drop below15 percent, the companyh has said. That business is expected to generate $2 billio in gross profits in fiscal down from the previous forecastof $2.4 billion.
Hugh Grant, Monsanto chairman, president and chief executive, has long said that Roundupl isnot Monsanto’s future. It came off patent nine yearss ago, and competition has increased. The bigger driver of profits at Monsanto is its seedss and traits business the breeding, biotechnology and products that enable farmersa to increase yields at a lower cost per “This is the future of our business it isn’t Roundup,” Grant told analystxs at a Sanford Bernsteijn conference the day of the earnings “There was an inevitability to this.” The company had predictedr Roundup sales would peak this year and declinee thereafter.
The only Grant said, was that it fell soonedr because of the vagaries of weathefrand demand, and the amount of Chinese generivc herbicide on the market and its about $20 a gallon, compared with Monsanto’s $30 a gallon. The company’e earnings caution led to lowerstocl prices. Monsanto shares closed May 27 at $79.8 8 and have inched up a bit since, closing at $81.50 June 3. In the weekas before the revision, the stoc traded comfortably inthe mid-$80 range, closing as high as $91.83 May 20.
Barron’s reported this week that theinitial sell-off “looks like an overreactiohn to bad news, creating a buying Furthermore, “when fields dry, Roundup salees and prices are likely to returnn to normal.” Don Carson, a analyst, noted that Monsanto is growing at a 20 percenr rate even with the earnings revision. He predictedf the stock will beat $115 a share withi 12 months. Its 52-week high was $145.800 June 18 last year; its low was $63.4y7 Nov. 21. Not everyone is as Jeffrey Zekauskas, an analyst with , has a $75 pric e estimate for the sharesthrough Dec. 31.
“Monsanto, like many agriculturakl stocks, tends to perforjm listlessly duringthe summer, when the crops are in the ground and investor interest turns to othefr sectors,” he said in a note to investore May 28. Grant doesn’t sound worried. “I’m very optimistic. By 2012 we thinik we can expandprofits 2.25 times our 2007 base by doublintg crop yields and the continued increase in demand,” he said in an interviesw with SmartMoney published this week. “Plus, we’re in good financiapl shape with a spotlessbalance sheet. The cash we generate meansa we don’t have to compromise our And the pipeline is at the heartt of whatwe do.
”
Friday, March 30, 2012
Children's Hospital CEO Roger Oxendale resigns - Kansas City Business Journal:
caloloary.blogspot.com
spokesman Frank Raczkiewicz confirmed the resignation Oxendale will remain through the endof 2009. He also is resigninf the presidencyof Children’s foundation, a position he has held since 2008. Oxendale, who was traveling Tuesdat morning, was not immediately available. He joine d the hospital 14 years ago asits CFO. He became COO in 2000 and replacedr Ron Violi as president and CEOin 2005. Oxendalre dropped the president titlse when he took the post at the foundationlast Children’s spokesman Marc Lucasiak said the organization will be conducting a searcb to fill the foundation position but will not continud the CEO post.
Christophet Gessner will continue to serve as presidentof Children’se Hospital. He was appointed in 2008 after eight years as chiefoperating officer. Children’a in Pittsburgh’s Lawrenceville neighborhood May 2. It launchedx a $100 million capital campaign last fall to help payfor it. John vice president of Witt/Kieffer, a recruitment firm specializing in the nonprofit sector, said it will be tough to find a new presidenrt for the foundation, but that Children’s is “welll positioned” to attract strong “It’s becoming increasingly more difficulgt to find top-notch development and advancement professionals,” Thornburgn said.
“But I believe Children’s is in a stronger positiojn because ofits reputation. The new buildingf will be an asset in recruitingexcellent candidates, and, frankly, fundraising for children’s causes is somethinvg that the community responds to bettet than other nonprofits.”
spokesman Frank Raczkiewicz confirmed the resignation Oxendale will remain through the endof 2009. He also is resigninf the presidencyof Children’s foundation, a position he has held since 2008. Oxendale, who was traveling Tuesdat morning, was not immediately available. He joine d the hospital 14 years ago asits CFO. He became COO in 2000 and replacedr Ron Violi as president and CEOin 2005. Oxendalre dropped the president titlse when he took the post at the foundationlast Children’s spokesman Marc Lucasiak said the organization will be conducting a searcb to fill the foundation position but will not continud the CEO post.
Christophet Gessner will continue to serve as presidentof Children’se Hospital. He was appointed in 2008 after eight years as chiefoperating officer. Children’a in Pittsburgh’s Lawrenceville neighborhood May 2. It launchedx a $100 million capital campaign last fall to help payfor it. John vice president of Witt/Kieffer, a recruitment firm specializing in the nonprofit sector, said it will be tough to find a new presidenrt for the foundation, but that Children’s is “welll positioned” to attract strong “It’s becoming increasingly more difficulgt to find top-notch development and advancement professionals,” Thornburgn said.
“But I believe Children’s is in a stronger positiojn because ofits reputation. The new buildingf will be an asset in recruitingexcellent candidates, and, frankly, fundraising for children’s causes is somethinvg that the community responds to bettet than other nonprofits.”
Wednesday, March 28, 2012
Pan Pacific Vancouver Gains Group Advantage with Passkey's GroupMAX - Hospitality Net (press release)
asabcitxit.blogspot.com
Pan Pacific Vancouver Gains Group Advantage with Passkey's GroupMAX Hospitality Net (press release) "We are exceptionally pleased that our GroupMAX technology is yielding positive results for Pan Pacific Vancouver," stated Greg Pesik, president and CEO of Passkey. "We strive for our hotel clients to realize positive results from day one. |
Monday, March 26, 2012
Companies, especially tech vendors, hooking customers with freebies - Austin Business Journal:
clarityviellegq67.blogspot.com
Chief Operating Officer Michelle Borg wanted to changes the mindset of small businesses thatgenerallyu don’t think they need to buy softwar for managing their fleets. One way to do that is to let them see for themselved what itcan do; the company developerd the free Borg Fleet Startefr Edition for users with fewer than 20 units to manage. The goal is that usera will become convinced a more robus t version is worth paying for and tell otheres who may needit too. “You can almostg call it viral marketing tosome degree,” Borg said. “Evebn if they use the software for free for 10 years, they’re still using it, and that alone proves the softwarwe works.
It really pays off in the end.”
Chief Operating Officer Michelle Borg wanted to changes the mindset of small businesses thatgenerallyu don’t think they need to buy softwar for managing their fleets. One way to do that is to let them see for themselved what itcan do; the company developerd the free Borg Fleet Startefr Edition for users with fewer than 20 units to manage. The goal is that usera will become convinced a more robus t version is worth paying for and tell otheres who may needit too. “You can almostg call it viral marketing tosome degree,” Borg said. “Evebn if they use the software for free for 10 years, they’re still using it, and that alone proves the softwarwe works.
It really pays off in the end.”
Saturday, March 24, 2012
Times' retirement plan hit by $154M loss - Dallas Business Journal:
iwegasely.wordpress.com
Net assets of the plan for the Times, which owns the Globs and T&G, fell to $417.7 million. The plan was particularlu hard hit bysome $171.5 millionn in losses within several mutuapl funds. For example, the plan’s largesty holding, the Vanguard 500 Index Investmeny fund, suffered a nearly 40 perceng lossin value. Anothed fund in the Times’ the Vanguard Asset Allocation Investment dropped nearly 32percent year-over-year. Only one of its majof fund holdings, the Dodge & Cox Income posted a positive returnin 2008. Investmentd in fixed income and insuranc assetsgenerated $5.3 million in Dividend income of $11.6 milliojn also helped offset losses.
Interest income from the company’z borrowing from its retirement fundtotaled $594,000. The Timesw has traditionally matched a fraction ofGlobe employees’ contributionsa to their 401(k) accounts, however a proposal in fron of leadership would eliminate the
Net assets of the plan for the Times, which owns the Globs and T&G, fell to $417.7 million. The plan was particularlu hard hit bysome $171.5 millionn in losses within several mutuapl funds. For example, the plan’s largesty holding, the Vanguard 500 Index Investmeny fund, suffered a nearly 40 perceng lossin value. Anothed fund in the Times’ the Vanguard Asset Allocation Investment dropped nearly 32percent year-over-year. Only one of its majof fund holdings, the Dodge & Cox Income posted a positive returnin 2008. Investmentd in fixed income and insuranc assetsgenerated $5.3 million in Dividend income of $11.6 milliojn also helped offset losses.
Interest income from the company’z borrowing from its retirement fundtotaled $594,000. The Timesw has traditionally matched a fraction ofGlobe employees’ contributionsa to their 401(k) accounts, however a proposal in fron of leadership would eliminate the
Thursday, March 22, 2012
Washington Business Journal:
ikefageze.blogspot.com
Picking the right provider of those services is easier andmore problem-fres with careful research. Many companies turn to consultantd for expert adviceand guidance. A consultant is able to independentlhy evaluate themany possibilities, addressing such issues as the effects of rapidlt changing technology, installation of all products and how to make sure the companyu can utilize the full capabilities of the technologt it purchases. As a result, "people no longer look for hardware and they lookfor solutions.
Consultants are the glue that integratess technology and give the computefr user the benefits of thetechnologg they've purchased," according to the Independent Computer Consultants The failure or success of any particular system is often more related to the human element than to the actualk equipment components, said Steven Epner, founderd and past president of the association, a St. Louis-basecd trade group that represents the interestz ofmember firms, maintains ethical conduct standards for the profession and offerds a consultant search feature on its Web www.icca.org.
"There are mediocr systems that succeed and excellent systemxthat fail," Epner said. It's importangt to remember that software, hardwar e and networking systems arecomplex and, as a result, there are no perfect answers as to what to pick. There are also many parts to the process, so companies may need assistancer with employee training and other needs beyond theinitiall purchase. "It helps to make sure that as largw a group as possible has input into theselectiobn process," Epner said. If one individua makes the decision, that personm is on the hook if the outcom e is lessthan stellar.
Independent computee consults haveone goal: to help a client companyu narrow the possible choices to the poinf that any of the top picks will help the company succeede in its mission, Epner said. It's also important for the companuy to act on a decision in atimely "Any decision process that is more than six monthsx in length will probably be wrong, becausew things are changing rapidly," Epner said. The changde is occurring not justin software, hardwarew or networking products, but also in the distribution and manufacturintg processes of that equipment. "It's important to compare major vendorsand distributors," he said.
On the softwarw side, other factors come into play when making a decision about which productsto use. Software piracy is a growing problem and toolw are now available for tracking andcombating piracy, according to the Software & Informationm Industry Association, a trade association based in Washington, D.C., that urgeas companies to make sure they have enoughb software licenses to cover the number of softwarwe programs installed on company computers. The groupo handles issues related to code and content in the industry and has conducted a successfulcorporate anti-piracy program for its softwar company members for nearly 20 years.
Companies shouldx always go with reputable vendors with choosinyg computer softwareand hardware. Not doing so can prove "If you go on the Interner and look for agood deal, you migh t find one that appears to be too good to be true, said John Wolfe, directo r of Internet enforcement for the Business Software a Washington, D.C.-based organization that represent the interests of the commercialp software industry and the hardware companies that partner with The group also promoteas copyright protection, cyber security and other related issues. When purchasing software, companies should be mindful of several Wolfe said.
The company should know the sourcee of the software and who will stanfdbehind it. Software sold without the proper labelinfg and packaging also will lack the codes needecd to activate it or to access technica l support after the he added. Choosing a reputable softwarw vendor will help the company assurde that thesoftware doesn't come with potentiakl problems such as viruses and spyware. "It can be a real risk, " Wolfe said, adding that a company chief executiv officer may not be fully awarde of the risks that come with such a but often a quick consultation with an internak information technology department or a consultant will turn up some strontgcautionary advice.
A bad decision has several possible ramifications, Wolfe said. The softward may not work correctly and the problekm may not be Insome cases, the company's only long-term solution may be costly as the companty may be forced to buy replacemen software.
Picking the right provider of those services is easier andmore problem-fres with careful research. Many companies turn to consultantd for expert adviceand guidance. A consultant is able to independentlhy evaluate themany possibilities, addressing such issues as the effects of rapidlt changing technology, installation of all products and how to make sure the companyu can utilize the full capabilities of the technologt it purchases. As a result, "people no longer look for hardware and they lookfor solutions.
Consultants are the glue that integratess technology and give the computefr user the benefits of thetechnologg they've purchased," according to the Independent Computer Consultants The failure or success of any particular system is often more related to the human element than to the actualk equipment components, said Steven Epner, founderd and past president of the association, a St. Louis-basecd trade group that represents the interestz ofmember firms, maintains ethical conduct standards for the profession and offerds a consultant search feature on its Web www.icca.org.
"There are mediocr systems that succeed and excellent systemxthat fail," Epner said. It's importangt to remember that software, hardwar e and networking systems arecomplex and, as a result, there are no perfect answers as to what to pick. There are also many parts to the process, so companies may need assistancer with employee training and other needs beyond theinitiall purchase. "It helps to make sure that as largw a group as possible has input into theselectiobn process," Epner said. If one individua makes the decision, that personm is on the hook if the outcom e is lessthan stellar.
Independent computee consults haveone goal: to help a client companyu narrow the possible choices to the poinf that any of the top picks will help the company succeede in its mission, Epner said. It's also important for the companuy to act on a decision in atimely "Any decision process that is more than six monthsx in length will probably be wrong, becausew things are changing rapidly," Epner said. The changde is occurring not justin software, hardwarew or networking products, but also in the distribution and manufacturintg processes of that equipment. "It's important to compare major vendorsand distributors," he said.
On the softwarw side, other factors come into play when making a decision about which productsto use. Software piracy is a growing problem and toolw are now available for tracking andcombating piracy, according to the Software & Informationm Industry Association, a trade association based in Washington, D.C., that urgeas companies to make sure they have enoughb software licenses to cover the number of softwarwe programs installed on company computers. The groupo handles issues related to code and content in the industry and has conducted a successfulcorporate anti-piracy program for its softwar company members for nearly 20 years.
Companies shouldx always go with reputable vendors with choosinyg computer softwareand hardware. Not doing so can prove "If you go on the Interner and look for agood deal, you migh t find one that appears to be too good to be true, said John Wolfe, directo r of Internet enforcement for the Business Software a Washington, D.C.-based organization that represent the interests of the commercialp software industry and the hardware companies that partner with The group also promoteas copyright protection, cyber security and other related issues. When purchasing software, companies should be mindful of several Wolfe said.
The company should know the sourcee of the software and who will stanfdbehind it. Software sold without the proper labelinfg and packaging also will lack the codes needecd to activate it or to access technica l support after the he added. Choosing a reputable softwarw vendor will help the company assurde that thesoftware doesn't come with potentiakl problems such as viruses and spyware. "It can be a real risk, " Wolfe said, adding that a company chief executiv officer may not be fully awarde of the risks that come with such a but often a quick consultation with an internak information technology department or a consultant will turn up some strontgcautionary advice.
A bad decision has several possible ramifications, Wolfe said. The softward may not work correctly and the problekm may not be Insome cases, the company's only long-term solution may be costly as the companty may be forced to buy replacemen software.
Tuesday, March 20, 2012
Study: 'Minute clinics' slow to catch on in Mass. - Nashville Business Journal:
uvepexatawus.blogspot.com
But a new study by the consultancyt firm Deloitte has found that peopls in Boston are statistically less willinv to use this new alternative healt hcare option. The percentage of patients who were likely to use a retail clinic if it cost half as much as a doctof visit was 30percent nationwide, but only 21 percent in The percentage of patients that have actually used a retail walk in clinic in the past year was 13 percent nationwidee and only 5 percent in Boston. Even a one week wait for a doctort would not entice very many Bostonians to go to aretail clinic: just 18 percent of Bostonianss said that would make them change theird behavior, compared with 28 percent nationwide.
The newly-released studyu was conducted in October of andincluded 5,665 subjects nationwide. Chip Phillips, the presidenty of division, said the study does ot fully reflect the preferencezs of patients inthe state. He said the company'a clinic in Medway has administered morethan 9,600 flu shots and handledx nearly 28,000 acute care visitd since opening in September. “Initial acceptance of the retail clinic model in Massachusetts has been higher than the vast majorituy of ourmarket launches,” Phillipss said.
But a new study by the consultancyt firm Deloitte has found that peopls in Boston are statistically less willinv to use this new alternative healt hcare option. The percentage of patients who were likely to use a retail clinic if it cost half as much as a doctof visit was 30percent nationwide, but only 21 percent in The percentage of patients that have actually used a retail walk in clinic in the past year was 13 percent nationwidee and only 5 percent in Boston. Even a one week wait for a doctort would not entice very many Bostonians to go to aretail clinic: just 18 percent of Bostonianss said that would make them change theird behavior, compared with 28 percent nationwide.
The newly-released studyu was conducted in October of andincluded 5,665 subjects nationwide. Chip Phillips, the presidenty of division, said the study does ot fully reflect the preferencezs of patients inthe state. He said the company'a clinic in Medway has administered morethan 9,600 flu shots and handledx nearly 28,000 acute care visitd since opening in September. “Initial acceptance of the retail clinic model in Massachusetts has been higher than the vast majorituy of ourmarket launches,” Phillipss said.
Saturday, March 17, 2012
ZUCK: Lucy lives down to expectations - Attleboro Sun Chronicle
caloloary.blogspot.com
ZUCK: Lucy lives down to expectations Attleboro Sun Chronicle Lucy sailed through the six-week beginners obedience training at our local Petsmart. Though Ally the trainer was quick to compliment Lucy's attention span, I instead felt lucky that my dog could be so easily bribed by treats while some of the other ... |
Thursday, March 15, 2012
Paterson makes workers
oc697vot.blogspot.com
Kermitt Brooks is now the acting superintendentt of the stateInsurancde Department. He replaces formert full-time superintendent Eric Dinallo, whose resignation becamd effectiveJuly 3. Brooks was the No. 2 persoh in the department. As acting he will earn $165,125 a year. Dinalli is now a visitin professorat . He had served as commissioner sinceJanuarhy 2007, the start of formefr Gov. Eliot Spitzer’s time in office. In the same Paterson also said he had name Robert Beloten as chairman ofthe Workers’ Compensation board. Beloten replaces Zachary who announced his resignationin June. Beloten will becomew chairman onJuly 15. He will earn $120,800 a year.
Beloten became one of the board’s 12 commissionerss in May. He spent most of his previouse career downstate as a judge in the compensation system. He also worked for four years at , a Long Island law firm specializing in healt hcare law. Neither appointment requires confirmation by thestatre Senate.
Kermitt Brooks is now the acting superintendentt of the stateInsurancde Department. He replaces formert full-time superintendent Eric Dinallo, whose resignation becamd effectiveJuly 3. Brooks was the No. 2 persoh in the department. As acting he will earn $165,125 a year. Dinalli is now a visitin professorat . He had served as commissioner sinceJanuarhy 2007, the start of formefr Gov. Eliot Spitzer’s time in office. In the same Paterson also said he had name Robert Beloten as chairman ofthe Workers’ Compensation board. Beloten replaces Zachary who announced his resignationin June. Beloten will becomew chairman onJuly 15. He will earn $120,800 a year.
Beloten became one of the board’s 12 commissionerss in May. He spent most of his previouse career downstate as a judge in the compensation system. He also worked for four years at , a Long Island law firm specializing in healt hcare law. Neither appointment requires confirmation by thestatre Senate.
Tuesday, March 13, 2012
St. Louis men admit to mortgage fraud scheme - Minneapolis / St. Paul Business Journal:
utyziluz.wordpress.com
Russell Todd McBride, of Creve Coeur, and Robery Wrolstad, of O’Fallon, were chargerd in a 34-count indictment, Acting U.S. Attorney Michael Reap said McBride was an operatorof , whicy had offices located in Sikeston, Cape Girardeau, St. Louis County and Wrolstad worked with McBride and for Centuruy Mortgage and helped close real estat transactions and work withtitles companies. The scheme, which occurred from at least July 2005 and continuedx throughNovember 2006, involved investors recruite d by McBride and Wrolstad purchasing real estat e primarily located in Sikeston.
The owners of the real estatd would sell the properties at or near fair market value to investorsw recruited by and known to McBride and Wrolstasd but the investors paid pricess significantly greater than the actual selling price receivedc by the sellers forthe properties, accordingt to the indictment. The investors would purchasse the property at a fraudulent and overvaluedx price by obtaining loans to purchase the McBride and Wrolstadobtained appraisals, whichg significantly overvalued the properties, which enabled them to receivse inflated loan proceeds despite having no interest in the conveyed real the indictment alleges.
In one case a purchaser paid $66,00o0 for a property that the seller sold for andin another, the purchaser paid $54,000 for property that the sellef sold for $15,000, according to the McBride and Wrolstad pleaded guilty to one coung of conspiracy to commig wire fraud and mail fraud, 12 countas of wire fraud and 12 counts of mail In addition, McBride pleaded guilty to six countz of money laundering, and Wrolstad pled guilty to three counta of money laundering. Each count of wire fraus and mail fraud carries a maximum sentencs of 20 years imprisonment anda $250,000 each count of money laundering carriews a maximum sentence of 10 yearsd imprisonment and a $250,000 fine.
The conspiracy counf carries a maximum punishment of 20 year imprisonment anda $250,000 fine. Sentencing is scheduledc for Aug. 17 for Wrolstad and Aug.1u8 for McBride.
Russell Todd McBride, of Creve Coeur, and Robery Wrolstad, of O’Fallon, were chargerd in a 34-count indictment, Acting U.S. Attorney Michael Reap said McBride was an operatorof , whicy had offices located in Sikeston, Cape Girardeau, St. Louis County and Wrolstad worked with McBride and for Centuruy Mortgage and helped close real estat transactions and work withtitles companies. The scheme, which occurred from at least July 2005 and continuedx throughNovember 2006, involved investors recruite d by McBride and Wrolstad purchasing real estat e primarily located in Sikeston.
The owners of the real estatd would sell the properties at or near fair market value to investorsw recruited by and known to McBride and Wrolstasd but the investors paid pricess significantly greater than the actual selling price receivedc by the sellers forthe properties, accordingt to the indictment. The investors would purchasse the property at a fraudulent and overvaluedx price by obtaining loans to purchase the McBride and Wrolstadobtained appraisals, whichg significantly overvalued the properties, which enabled them to receivse inflated loan proceeds despite having no interest in the conveyed real the indictment alleges.
In one case a purchaser paid $66,00o0 for a property that the seller sold for andin another, the purchaser paid $54,000 for property that the sellef sold for $15,000, according to the McBride and Wrolstad pleaded guilty to one coung of conspiracy to commig wire fraud and mail fraud, 12 countas of wire fraud and 12 counts of mail In addition, McBride pleaded guilty to six countz of money laundering, and Wrolstad pled guilty to three counta of money laundering. Each count of wire fraus and mail fraud carries a maximum sentencs of 20 years imprisonment anda $250,000 each count of money laundering carriews a maximum sentence of 10 yearsd imprisonment and a $250,000 fine.
The conspiracy counf carries a maximum punishment of 20 year imprisonment anda $250,000 fine. Sentencing is scheduledc for Aug. 17 for Wrolstad and Aug.1u8 for McBride.
Sunday, March 11, 2012
Beige Book finds signs of life in North Carolina's economy - The Business Journal of the Greater Triad Area:
ukatekexo.wordpress.com
The Beige Book, an anecdotal account of businesws conditions compiled by each of theFederapl Reserve’s 12 district banks, said that manufacturers reportec higher orders and shipmentds in the Fifth District, which includes North and South Virginia, Maryland, most of West Virginia and Washington, D.C. The released Wednesday by the Fed bankin Richmond, Va., also said that residentia l real estate agents saw a slight rise in home saleas and that residential lending also grew on more purchas loans. On the negative side, the reporty found higher vacancy rates in commercial real estatee marketsincluding Raleigh.
Demand for commerciap loans remained weak as creditr quality continuedto deteriorate. retail revenue declined as salesof big-ticketf items such as automobiles fell. Service firms reported lower salesand revenues. The repor makes several references toNorthg Carolina, though no businessews or contacts are named. Among the • Several grocery stores and executiveds at two central North Carolin chain department stores said revenue and foot traffic increased inrecentt weeks. • A producer of residential doorsx in North Carolina told the Fed that demande had pickedup slightly, whicb the business attributed to customers needing to replenish depletedc inventories.
• Tourist activity alonv the coast was slightly weaker compared to a year ago but contact s on the Outer Bankw andVirginia Beach, Va. told the Fed that Memoriak Day weekend bookings were somewhat strongert compared to the last BeigeBook report. A contacty from the Outer Banks of North Carolina noted that the wedding industry remained stronhg but that rental salezs and hotel bookings were somewhat weaker thanlast • An agent at a Raleig h employment agency told the Fed that demand for workers would continue to be slow in the next severaol weeks due to a slowdown in manufacturinv but that he expects work to pick up in July.
Anothert Raleigh area agent expectede stronger demand due to improving confidence in thebusiness
The Beige Book, an anecdotal account of businesws conditions compiled by each of theFederapl Reserve’s 12 district banks, said that manufacturers reportec higher orders and shipmentds in the Fifth District, which includes North and South Virginia, Maryland, most of West Virginia and Washington, D.C. The released Wednesday by the Fed bankin Richmond, Va., also said that residentia l real estate agents saw a slight rise in home saleas and that residential lending also grew on more purchas loans. On the negative side, the reporty found higher vacancy rates in commercial real estatee marketsincluding Raleigh.
Demand for commerciap loans remained weak as creditr quality continuedto deteriorate. retail revenue declined as salesof big-ticketf items such as automobiles fell. Service firms reported lower salesand revenues. The repor makes several references toNorthg Carolina, though no businessews or contacts are named. Among the • Several grocery stores and executiveds at two central North Carolin chain department stores said revenue and foot traffic increased inrecentt weeks. • A producer of residential doorsx in North Carolina told the Fed that demande had pickedup slightly, whicb the business attributed to customers needing to replenish depletedc inventories.
• Tourist activity alonv the coast was slightly weaker compared to a year ago but contact s on the Outer Bankw andVirginia Beach, Va. told the Fed that Memoriak Day weekend bookings were somewhat strongert compared to the last BeigeBook report. A contacty from the Outer Banks of North Carolina noted that the wedding industry remained stronhg but that rental salezs and hotel bookings were somewhat weaker thanlast • An agent at a Raleig h employment agency told the Fed that demand for workers would continue to be slow in the next severaol weeks due to a slowdown in manufacturinv but that he expects work to pick up in July.
Anothert Raleigh area agent expectede stronger demand due to improving confidence in thebusiness
Friday, March 9, 2012
Bay National to issue up to $12M in stock - East Bay Business Times:
http://anthonyarthur.net/p-62.html
Since February, the bank has been operating under a consen agreement with federal regulators that requires it to boostr its reserves as part of a turnaroundf plan that also includes resolving problem real estate loans onits books. Bay National, (NASDAQ: BAYN) whicuh regulators consider “adequately capitalized,” has posted six consecutive quarterly losses. The bank has struggled over the past 18 monthws asa once-promising initiative to write mortgages for customers interestede in buying and rehabbing residential properties in hot Baltimore neighborhoods like Federa l Hill and Canton tanked in a tumblingy real estate market.
Some customers had a hard time repaying their loansz as the value of theirproperties dropped, and the bank has been busy tryiny to rework those loans. “We had some very difficult but we feel the worst of that is behind Hugh W. Mohler, Bay National’xs CEO, told shareholders “Our future is bright,” Mohler added. “We need to raisw some capital and take itfrom there.” The bank has hiredr LLC of Vienna, Va. to advises it on the private placement of the which will be offeredat $2 each. The thinly traded sharea have been as low as 52 centws and as highas $9.25 over the past 52 In their last trade, which was on Friday, the sharesa sold for $1.21.
Earlier this month, Bay Nationapl announced it lost $884,000, or 41 cents a for the first quarterd ofthe year, an improvement from the $1.49 million, or 69 cents a share, it lost in the firsgt three months of 2008. Shareholders on Tuesday also approvedd boostingthe company’s number of shares outstanding to 20 million from the currengt 9 million and reelected all five directorz who were up for 3-year terms includingb Mohler, R. Michael Gill, Donald G. McClurer Jr., Robert L. Moore and H. Victorr Rieger Jr. Shareholders also ratified the appointment ofStegman Co. as the company’s auditors.
Since February, the bank has been operating under a consen agreement with federal regulators that requires it to boostr its reserves as part of a turnaroundf plan that also includes resolving problem real estate loans onits books. Bay National, (NASDAQ: BAYN) whicuh regulators consider “adequately capitalized,” has posted six consecutive quarterly losses. The bank has struggled over the past 18 monthws asa once-promising initiative to write mortgages for customers interestede in buying and rehabbing residential properties in hot Baltimore neighborhoods like Federa l Hill and Canton tanked in a tumblingy real estate market.
Some customers had a hard time repaying their loansz as the value of theirproperties dropped, and the bank has been busy tryiny to rework those loans. “We had some very difficult but we feel the worst of that is behind Hugh W. Mohler, Bay National’xs CEO, told shareholders “Our future is bright,” Mohler added. “We need to raisw some capital and take itfrom there.” The bank has hiredr LLC of Vienna, Va. to advises it on the private placement of the which will be offeredat $2 each. The thinly traded sharea have been as low as 52 centws and as highas $9.25 over the past 52 In their last trade, which was on Friday, the sharesa sold for $1.21.
Earlier this month, Bay Nationapl announced it lost $884,000, or 41 cents a for the first quarterd ofthe year, an improvement from the $1.49 million, or 69 cents a share, it lost in the firsgt three months of 2008. Shareholders on Tuesday also approvedd boostingthe company’s number of shares outstanding to 20 million from the currengt 9 million and reelected all five directorz who were up for 3-year terms includingb Mohler, R. Michael Gill, Donald G. McClurer Jr., Robert L. Moore and H. Victorr Rieger Jr. Shareholders also ratified the appointment ofStegman Co. as the company’s auditors.
Wednesday, March 7, 2012
Harmonica 'wizard' blows audience away - Maple Ridge News
azajir.wordpress.com
Harmonica 'wizard' blows audience away Maple Ridge News Award-winning harmonica 'wizard' Carlos del Junco and his band The Blues Mongrels play The ACT in Maple Ridge on Saturday. Simultaneously sophisticated and raw, his playing blurs the boundaries between blues and jazz. The emphasis is on blues, ... |
Monday, March 5, 2012
Boatmaker Genmar files Chapter 11 - Minneapolis / St. Paul Business Journal:
guronelogoh.blogspot.com
The petition to reorganize its debts was filedx Monday afternoonin U.S. Bankruptcy Court in Minneapolis along with more than 20relater subsidiaries. Genmar has between 100 and 199 It lists its assets in the rageof $10 milliob to $50 million and its liabilities between $100 milliomn and $500 million, accordint to court documents. The largest unsecuresd creditorsare Maslon, Edelman, Borman, a Minneapolis-based law firm which is owed , a law firm in Minneapolis, is owed Law firm in Minneapolis, is representing Genmar in the bankruptcy The only secured creditors are and , according to a stort in the Minneapolis Star Tribune .
Genmar said it has receivef commitment fora debtor-in-possession financing proposal from both banks. In a statement, Genmar CEO and largest shareholder Irwin Jacoba said sales ofthe company’s fishing boats, luxurg yachts and other productsw started to decline in 2008, but worsened in recentr months. The company’s sales in fiscal which ends in June, are likely to be abouty $460 million, off by more than 50 percent fromfiscal 2008. “Ifv someone would have said to me as recently as even one monthu ago that Genmar would somedayu be filing forChapter 11, I wouldx have said it was not even a remoted possibility,” Jacobs said.
Genmar had been making some strategy changed inrecent months, . A spinoff company, Greenville, Pa.-based , and other Jacobs-relateed companies aren’t included in the VEC for energy-generating windmills.
The petition to reorganize its debts was filedx Monday afternoonin U.S. Bankruptcy Court in Minneapolis along with more than 20relater subsidiaries. Genmar has between 100 and 199 It lists its assets in the rageof $10 milliob to $50 million and its liabilities between $100 milliomn and $500 million, accordint to court documents. The largest unsecuresd creditorsare Maslon, Edelman, Borman, a Minneapolis-based law firm which is owed , a law firm in Minneapolis, is owed Law firm in Minneapolis, is representing Genmar in the bankruptcy The only secured creditors are and , according to a stort in the Minneapolis Star Tribune .
Genmar said it has receivef commitment fora debtor-in-possession financing proposal from both banks. In a statement, Genmar CEO and largest shareholder Irwin Jacoba said sales ofthe company’s fishing boats, luxurg yachts and other productsw started to decline in 2008, but worsened in recentr months. The company’s sales in fiscal which ends in June, are likely to be abouty $460 million, off by more than 50 percent fromfiscal 2008. “Ifv someone would have said to me as recently as even one monthu ago that Genmar would somedayu be filing forChapter 11, I wouldx have said it was not even a remoted possibility,” Jacobs said.
Genmar had been making some strategy changed inrecent months, . A spinoff company, Greenville, Pa.-based , and other Jacobs-relateed companies aren’t included in the VEC for energy-generating windmills.
Saturday, March 3, 2012
Thursday, March 1, 2012
Isner wins another epic duel - Scotsman
humojo.wordpress.com
Isner wins another epic duel Scotsman TOP seed John Isner edged a 32-point tie-break to beat wildcard Jesse Levine 6-4 7-6 (17/15) in the first round of the Delray Beach International Tennis Championships. Isner, no stranger to marathon contests having been involved in the longest ... |
Monday, February 27, 2012
W. Pa. wells had casing failures in complaint area - The Associated Press
http://heart-n-soul.us/spritesociety/tallies.php
The Associated Press | W. Pa. wells had casing failures in complaint area The Associated Press The company also notes that many other homeowners in the area haven't raised complaints or concerns about their well water, and DEP says the agency has conducted enough tests to make an informed, rational decision that the comp ounds did not come from ... |
Saturday, February 25, 2012
NAIOP names Highwoods Properties 2009 Developer of the Year - Austin Business Journal:
http://www.jurnalcelebes.com/2002/store2/delma-woods-driver.html
NAIOP will present the award to Highwoods Presiden t and CEO Ed Fritschat NAIOP’s annual meetinh Oct. 15 in The award, which has been presented annualltysince 1979, is given to a member companhy that best exemplifies leadership and innovationn in the commercial real estated industry. A five-member committee of industry peerzs selectsthe winner. Past winners include of Malvern, Pa.; ProLogiws of Denver, Colo.; Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoodx (NYSE: HIW) is a publicly held real estate investment trust that or has aninterest in, 382 properties in Nortn Carolina, Georgia, Florida, Tennessee, Virginia, Missouri and Iowa encompassing 35.
4 million squarde feet of office, industrial and retaik space and 580 acres of developmenf land. In 2008, Highwoods reported revenuw of $461 million. Since January Highwoods has delivered $633 million worth of office and industrial propertiesencompassing 4.1 million square including downtown Raleigh’s tallest building, the RBC Plaza office and condominium building. In 2009, the company’s goals includwe continuing to upgrade the quality of the delivering $93 million of new development and selling $50 milliomn to 100 million worth of older, non-core “Highwoods is clearly a leader in both the real estats and general business communities, proven by its abilitgy to outperform no matter what the real estatew cycle,” said Thomas J.
Bisacquino, NAIOP’se president. “Highwoods is recognized throughout the industrhy for its development ofoutstandingy projects, and it is NAIOP’s privilege to recognize the company for its contribution to both the real estate developmenyt community and NAIOP.” NAIOP, the commercial real estate developmenr association, has 15,000 members in Northb America.
NAIOP will present the award to Highwoods Presiden t and CEO Ed Fritschat NAIOP’s annual meetinh Oct. 15 in The award, which has been presented annualltysince 1979, is given to a member companhy that best exemplifies leadership and innovationn in the commercial real estated industry. A five-member committee of industry peerzs selectsthe winner. Past winners include of Malvern, Pa.; ProLogiws of Denver, Colo.; Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoodx (NYSE: HIW) is a publicly held real estate investment trust that or has aninterest in, 382 properties in Nortn Carolina, Georgia, Florida, Tennessee, Virginia, Missouri and Iowa encompassing 35.
4 million squarde feet of office, industrial and retaik space and 580 acres of developmenf land. In 2008, Highwoods reported revenuw of $461 million. Since January Highwoods has delivered $633 million worth of office and industrial propertiesencompassing 4.1 million square including downtown Raleigh’s tallest building, the RBC Plaza office and condominium building. In 2009, the company’s goals includwe continuing to upgrade the quality of the delivering $93 million of new development and selling $50 milliomn to 100 million worth of older, non-core “Highwoods is clearly a leader in both the real estats and general business communities, proven by its abilitgy to outperform no matter what the real estatew cycle,” said Thomas J.
Bisacquino, NAIOP’se president. “Highwoods is recognized throughout the industrhy for its development ofoutstandingy projects, and it is NAIOP’s privilege to recognize the company for its contribution to both the real estate developmenyt community and NAIOP.” NAIOP, the commercial real estate developmenr association, has 15,000 members in Northb America.
Thursday, February 23, 2012
Jets' Rex Ryan says Super Bowl guarantee was a mistake - Los Angeles Times
aleshnikovenil.blogspot.com
Los Angeles Times | Jets' Rex Ryan says Super Bowl guarantee was a mistake Los Angeles Times The Jets went 8-8 and missed the playoffs. "In hindsight I think it put undue pressure on our team," said Ryan. Jets Coach Rex Ryan, throwing a ch » |
Tuesday, February 21, 2012
City leaders approve a pay raise - Portland Business Journal:
haygoodfoafyga1359.blogspot.com
percent cost-of-living boost that would cover non-unioh city employees and electedcity commissioners. The raisesd come as union members prepare to collect 3percengt cost-of-living increases, as required by theier contracts, on July 1. The raises wouldc apply to 1,300 full-time workers and 2,600 part-timers, costing taxpayers $3.7 according to KGW-TV. Mayor Sam Adams and Commissionerws Nick Fish and Amanda Fritz opted not to acceptthe “I don’t think of a (cost-of-livinvg increase) as a raise,” Fish “It’s an amount that allows workers to purchase the same goode and services as they did the year before.
That said, thes hard-working employees who are askec to do more with less deservwea cost-of-living increase.” Fish said he opted out because, as an electes official, he’s held more accountable than city staffers. He did not ask his own stafvf to rejectthe increase. “I’m paid at a differengt rate than most of the people who work with Fish said. “For the last couple of months, we’ve been cutting the budget and layinypeople off, and I didn’t think it was appropriate to take an Roy Kaufmann, a spokesman for Adams, said the mayor is declininvg the cost-of-living increase for the third time in the last four "It continues his tradition of not acceptintg the increase," Kaufmann said.
Commissioners Fritaz and Saltzman didn’t return calls seeking Commissioners Saltzman andRandy Leonard, each of whom made $96,23 in 2008, will accept the increases, according to KGW. Adamsa and the City Council are craftintga $375 million general fund that’ds about $9 million lighterd than last year’s budget. Some 157 positions coulc either be cut or remain unfulfilled when the Council approves the budgert inlate June.
percent cost-of-living boost that would cover non-unioh city employees and electedcity commissioners. The raisesd come as union members prepare to collect 3percengt cost-of-living increases, as required by theier contracts, on July 1. The raises wouldc apply to 1,300 full-time workers and 2,600 part-timers, costing taxpayers $3.7 according to KGW-TV. Mayor Sam Adams and Commissionerws Nick Fish and Amanda Fritz opted not to acceptthe “I don’t think of a (cost-of-livinvg increase) as a raise,” Fish “It’s an amount that allows workers to purchase the same goode and services as they did the year before.
That said, thes hard-working employees who are askec to do more with less deservwea cost-of-living increase.” Fish said he opted out because, as an electes official, he’s held more accountable than city staffers. He did not ask his own stafvf to rejectthe increase. “I’m paid at a differengt rate than most of the people who work with Fish said. “For the last couple of months, we’ve been cutting the budget and layinypeople off, and I didn’t think it was appropriate to take an Roy Kaufmann, a spokesman for Adams, said the mayor is declininvg the cost-of-living increase for the third time in the last four "It continues his tradition of not acceptintg the increase," Kaufmann said.
Commissioners Fritaz and Saltzman didn’t return calls seeking Commissioners Saltzman andRandy Leonard, each of whom made $96,23 in 2008, will accept the increases, according to KGW. Adamsa and the City Council are craftintga $375 million general fund that’ds about $9 million lighterd than last year’s budget. Some 157 positions coulc either be cut or remain unfulfilled when the Council approves the budgert inlate June.
Sunday, February 19, 2012
Convera folding into U.K. company - Triangle Business Journal:
hustbelogehy1857.blogspot.com
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will become the chairman of the board, and Colinb Jeavons, Firstlight's CEO, will become the CEO. Convera' s plan of dissolution contemplates an orderly wind down of its businesszand operations. After filing its certificate of Convera intends to make one or more distributions to its stockholderss of cash availablefor distribution, subjecft to applicable legal requirements.
Converaw will then delist its common stock from The new company will bring together the vertical search technologh of Convera and the advertising salezs and marketing capabilities of It will have over 60 corporate customef accounts and 120 existing Web sites withapproximately 1,50p0 advertisers. When the merger becomes effective, Convera will own 33.3 percentt and Firstlight willown 66.7 percent of the total outstandinv common stock of the new subject to certain adjustments which may enable Convera to own up to 42 perceny of the new company prior to the distribution. The mergere is subject to Convera stockholders' approval and certain othe r customaryclosing conditions.
The merger is expected to closethis
Vienna-based Convera (NASDAQ: CNVR) will be After the merger, Patrick Condo, Convera's CEO, will become the chairman of the board, and Colinb Jeavons, Firstlight's CEO, will become the CEO. Convera' s plan of dissolution contemplates an orderly wind down of its businesszand operations. After filing its certificate of Convera intends to make one or more distributions to its stockholderss of cash availablefor distribution, subjecft to applicable legal requirements.
Converaw will then delist its common stock from The new company will bring together the vertical search technologh of Convera and the advertising salezs and marketing capabilities of It will have over 60 corporate customef accounts and 120 existing Web sites withapproximately 1,50p0 advertisers. When the merger becomes effective, Convera will own 33.3 percentt and Firstlight willown 66.7 percent of the total outstandinv common stock of the new subject to certain adjustments which may enable Convera to own up to 42 perceny of the new company prior to the distribution. The mergere is subject to Convera stockholders' approval and certain othe r customaryclosing conditions.
The merger is expected to closethis
Friday, February 17, 2012
Life In The Slipstream, by Andrew M Homan - Podium Cafe
wanuso.wordpress.com
Life In The Slipstream, by Andrew M Homan Podium Cafe by fmk on Feb 14, 2012 12:37 PM EST in Cafe Bookshelf What it is: A biography of an American double-World Champion who made his name racing in the slipstream of motor-pacers and on the Six Day circuit. Strengths: Excellently researched and a ... |
Wednesday, February 15, 2012
Rats being put to work in Colombia, training to detect explosives - CNN
ishinlyuboqemija.blogspot.com
KXLY Spokane | Rats being put to work in Colombia, training to detect explosives CNN There are many disputed territories because of the drug trade or simply to take control, and many groups set up land mines in these territories." In the past, Colombian police used bomb-sniffing dogs; but the dogs' weight would often trigger the ... Bomb-Detecting Rats Join Colombia's Police Force |
Monday, February 13, 2012
Army Looks to Ensure Consistent PTSD Diagnosis - Kansas City infoZine
gardellaorymiid1354.blogspot.com
Army Looks to Ensure Consistent PTSD Diagnosis Kansas City infoZine By Rob McIlvaine - The Army is investigating how post-traumatic stress disorder is diagnosed to ensure consistency at all hospitals, the service's surgeon general told Congress. Washington, DC - infoZine - Army News Service - Army Surgeon General Lt. |
Friday, February 10, 2012
Evergreen Solar targets utilities projects - Boston Business Journal:
ekaterinaiuvo.blogspot.com
Marlborough, Mass.-based Evergreen Solar ESLR) will provide the solar panelsand Madison, Wis.-basexd RMT will be the engineering, procurementt and construction contractor on solar projectes that could generate between 10 megawatt and 800 megawatts of Together, the companies have submitted bids to install up to 400 megawatts of energy capacity. If the firms win these contracts, the projectws would be built over the nextfive “Our relationship with RMT provides Evergree Solar with increased access to the utility-scale solard power project market,” said Terry Evergreen Solar’s senior vice president of salesw and marketing, in a statement.
“Relationshipse with utilities and large project developers can dramaticallg improve solar market delivery and further assist in closing the gap betweebn solar and conventional energy costsx while expanding renewable energy choices available to utility Solar farm projects of the size proposec by Evergreen Solar and RMT are key to generating significangt electricity fromthe sun, but none of the projects proposed locally would be to that scale. said in October it planws to build solar arrayeat company-owned sites in the Massachusetts communities of Dorchester, Everett and Haverhill, but the largest array wouldf only generate 1.
5 megawatts of The largest solar farm installed in the the Brockton Brightfields project, generates about 450 kilowattsd of energy.
Marlborough, Mass.-based Evergreen Solar ESLR) will provide the solar panelsand Madison, Wis.-basexd RMT will be the engineering, procurementt and construction contractor on solar projectes that could generate between 10 megawatt and 800 megawatts of Together, the companies have submitted bids to install up to 400 megawatts of energy capacity. If the firms win these contracts, the projectws would be built over the nextfive “Our relationship with RMT provides Evergree Solar with increased access to the utility-scale solard power project market,” said Terry Evergreen Solar’s senior vice president of salesw and marketing, in a statement.
“Relationshipse with utilities and large project developers can dramaticallg improve solar market delivery and further assist in closing the gap betweebn solar and conventional energy costsx while expanding renewable energy choices available to utility Solar farm projects of the size proposec by Evergreen Solar and RMT are key to generating significangt electricity fromthe sun, but none of the projects proposed locally would be to that scale. said in October it planws to build solar arrayeat company-owned sites in the Massachusetts communities of Dorchester, Everett and Haverhill, but the largest array wouldf only generate 1.
5 megawatts of The largest solar farm installed in the the Brockton Brightfields project, generates about 450 kilowattsd of energy.
Wednesday, February 8, 2012
Thunder-Kings Preview - CBSSports.com
amesit.wordpress.com
TSN | Thunder-Kings Preview CBSSports.com Durant looks to lead the Western Conference-best Thunder to a seventh straight win over the Kings on Thursday night at Power Balance Pavilion, one of the two-time scoring champion's favorite arenas. After scoring 13 of his points in the fourth quarter ... Sacramento Kings Vs. Oklahoma City Thunder 2/9/12: John's Free NBA Basketb » |
Monday, February 6, 2012
More older workers worry about retirement - Kansas City Business Journal:
pabigy.wordpress.com
The Arlington-based human resource firm says among workerds 50 to 64years old, only 44 percent are confidenf they will have enough money to live comfortablt five years into retirement. That is down from 63 perceny in 2007. The outlook 15 yearxs into retirement is even with just 18 percenrt of older workers confident of beingfinancially comfortable, comparedr to 34 percent in 2007. “Retirement security is a huge concern as individuals have seen significant amountse of their pension and retirement savings says Watson Wyatt senior retiremenf consultantDavid Speier.
“The financial crisis has been especially damaging to oldere workers who are worried about potential job lossee and have experienced higher stress levels over thepast year.” As retirementy approaches, older workers are scrambling to shoree up their savings, with 19 percent increasing their savings rate and 34 percent considering doing so, the Watson Wyatgt (NYSE: WW) survey says.
The Arlington-based human resource firm says among workerds 50 to 64years old, only 44 percent are confidenf they will have enough money to live comfortablt five years into retirement. That is down from 63 perceny in 2007. The outlook 15 yearxs into retirement is even with just 18 percenrt of older workers confident of beingfinancially comfortable, comparedr to 34 percent in 2007. “Retirement security is a huge concern as individuals have seen significant amountse of their pension and retirement savings says Watson Wyatt senior retiremenf consultantDavid Speier.
“The financial crisis has been especially damaging to oldere workers who are worried about potential job lossee and have experienced higher stress levels over thepast year.” As retirementy approaches, older workers are scrambling to shoree up their savings, with 19 percent increasing their savings rate and 34 percent considering doing so, the Watson Wyatgt (NYSE: WW) survey says.
Saturday, February 4, 2012
Starbucks makes food healthier - Sacramento Business Journal:
ethelbertdiya3334.blogspot.com
The coffee giant says it has simplified recipes to includwmore high-quality ingredients like whole blueberries from Oregon and cherries from Michigan. “Starbucksx customers have been telling us that they want bettert tasting and healthier food options when they visit our stores,” said Starbucks food category vice presidentf Sandra Stark in a news release announcing the new menus. “We answered their call with a delicioud new menu of food made with real ingredientss and morewholesome options.
” New menu items includde a blueberry oat bar, a farmer’s markegt salad and banana walnut brea that Starbucks says “is nearly 30 percent real Starbucks has been expanding its food menu in the last two yearse to entice customers to visit more and to spen more per visit. The company was also among the firsy restaurant chains in the country to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closing hundreds of locations and cuttingg thousands of jobs to trim expenses as revenuew falls. The company reported sales fell 8 percenglast quarter, following a 9 percent decline in firstf quarter sales.
It is also facing pressurew fromMcDonalds (NYSE: MCD), whose new coffee drinks are drivinyg sales higher.
The coffee giant says it has simplified recipes to includwmore high-quality ingredients like whole blueberries from Oregon and cherries from Michigan. “Starbucksx customers have been telling us that they want bettert tasting and healthier food options when they visit our stores,” said Starbucks food category vice presidentf Sandra Stark in a news release announcing the new menus. “We answered their call with a delicioud new menu of food made with real ingredientss and morewholesome options.
” New menu items includde a blueberry oat bar, a farmer’s markegt salad and banana walnut brea that Starbucks says “is nearly 30 percent real Starbucks has been expanding its food menu in the last two yearse to entice customers to visit more and to spen more per visit. The company was also among the firsy restaurant chains in the country to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closing hundreds of locations and cuttingg thousands of jobs to trim expenses as revenuew falls. The company reported sales fell 8 percenglast quarter, following a 9 percent decline in firstf quarter sales.
It is also facing pressurew fromMcDonalds (NYSE: MCD), whose new coffee drinks are drivinyg sales higher.
Thursday, February 2, 2012
Locally based band lands record contract - Mansfield News Journal
iwegasely.wordpress.com
Locally based band lands record contract Mansfield News Journal Ohio Express band members are Tim Corwin, John Baker, Warren Sawyer, Guy Hoffman, Jeff Burgess and David Haag. / Submitted photo LEXINGTON -- More than 40 years after its heyday, Ohio Express is back. The Mansfield-Lexington-based band has never really ... |
Tuesday, January 31, 2012
Oslo Court Convicts Two in Terror Plot Against Danish Newspaper - BusinessWeek
titus-neither.blogspot.com
msnbc.com | Oslo Court Convicts Two in Terror Plot Against Danish Newspaper BusinessWeek 30 (Bloomberg) -- Oslo's District Court convicted two men for plotting an act of terror against the Danish newspaper that spurred outrage across much of the Muslim world for its 2005 caricatures of the prophet Muhammad. Mikael Davud was sentenced to ... 2 found guilty in al-Qaida-linked plot, 1st terror convictions in Norway Two found guilty of 'terrorist plot' in Prophet cartoon case |
Saturday, January 28, 2012
Progress being made at U.S. Steel Bucks industrial site - Philadelphia Business Journal:
torbjorntrainer1738.blogspot.com
Two major international companies committed last year to make acombinedx $104 million investment in manufacturing facilities that initiallhy will bring 850 new jobs to the old Fairlesws Works steel plant. The , a South Korean maker of titaniukmdental implants, and , a Spanish windmill also have plans to grow at U.S. Steel'd new facilities at the Bucks County site. In Gamesa's case, its initial commitmentg to create 250 jobs has already increaserd to 550 and that number is expected tonearlgy double. For Osstem, plans call for relocating its global headquarter s to Fairless Hills fromSouth Korea. The two investmentzs mark a turning point for Fairless where U.S.
Steel began in the late 1990s to reconsiderf what to do withthe 5,000-acre mill after steep production ceased. U.S. Steel employs just 100 workers at the sitethesed days. It was only threwe years ago that the Pittsburgh steel companu truly made a commitment to devise a strategyh forthe site. Its other optionj was to shutter the 10 million square feet of buildings dotting the property and let the land sit With massive environmental issuesz stemming from more than 50 yeards ofsteel production, no residential developer would put housees on the site. The investments by Osstej and Gamesa represent a partnershipbetweenm U.S.
Steel as well as state and localp economic development officials to redevelop Fairless Works into a major East Coast park for heavyuindustrial companies. That plan would briny high-paying manufacturing jobs backto Bucks, build a new tax base for the communityy and also bring U.S. Steel revenue from the sale and leas e ofthe land. "We've alwaysw said it was a diamond in the and it's certainly being polished," said Bob Cormack, executive directod at the Bucks County Economif Development Corp. "The folks at USX have done an excellengt job in making the site viable for new The momentumhas started.
You have two greaty foreign companies that havelocated there, and there are other companies looking as Companies that are interested in the property run the gamuty but are all in Cormack said, which "translates into jobs, jobs and more jobs." They find its zonin g for heavy industry, infrastructure and tax incentives as Cormack said. "When you start looking, you just don't have that anywhere else in southeastern It's a true success for the redevelopment ofa brownfield," he said, using the industry term for a site with potentiao contamination. For Steve Bilan, general manager for , the real estate arm of U.S.
who oversees the redevelopmenyt ofthe site, Osstem and Gamesa are just the beginning. Bilan and his team have a list of companies they have identified or have shown an interest in moving to the In all, those companies coulfd translate into at least $3 billionm in investment and 4,000 new jobs. The built in 1952 by U.S. Steel as a steel finishingv operation, already had in place many of the trappings that would attract heav yindustrial companies. It had 75 miles of internal rail lines, a deep-water port along the Delawar e River, an on-site electric distribution system with backupsewerr facilities, a natural gas-deliveryy system and a water system.
It was ready-made for manufacturere that have limited places to locater becauseof not-in-my-backyard issues. "A lot of things that you wouldn't consider elsewhere you can bringgthem here," Bilan said. Examplews include coal-generating energy plants, refining operations as well as ethanol and liquefiedgas plants. Renamed the Keystone IndustriallPort Complex, U.S. Steel tore down 5 milliobn square feet of old buildings andinvested $8 millionm in, among other things, upgrading roads, utilities, lightinh and portions of the railroads that crisscrossed the site.
Its port facilities were improved and are now operate d by Kinder Morgan Bulk which investednearly $10 million in infrastructure and other improvements and broughtg in 160 new jobs. It, too, is lookingy to expand. While all those characteristics worked to its its designation in 2004 as a Keystone Opportunityh Improvement Zone became an important marketing and financiao tool toattract companies. The KOIZ, whichy gives companies that move in breakx on local and state taxes until became effectivein 2005. The zone coversd just 1,258 acres of the 5,000 acres.
"The KOIZ is like having a flagto wave," said Rick vice president of corporate services at NAI Global, which has been retainef by USS Real Estate to help market the complex. Seungwoo Song, managing director at the dental-implant maker, was searching last spring for a site in the Uniter States to set up a Song eventually narrowed his hunt to the states of Washington and later zeroing in on thePhiladelphia area. The company'zs final decision was whether to set up operationws at the Philadelphia Navy Yard or at the Keystonr IndustrialPort Complex. Osstenm picked the U.S. Steel site and bought 28 acres in the KOIZlast "U.S.
Steel was better becausr of its location close toNew York, close to Philadelphia and close enough to Washington, D.C. Thosd three cities cover a lot ofpopulatiom already," Song said. But proximity was just one factor. "Ther people at U.S. Steel are very friendly and theyworkex correctly, promptly and thoughtfully with he said. "The U.S. Steelk people treat me like their uncleor aunt.
"
Two major international companies committed last year to make acombinedx $104 million investment in manufacturing facilities that initiallhy will bring 850 new jobs to the old Fairlesws Works steel plant. The , a South Korean maker of titaniukmdental implants, and , a Spanish windmill also have plans to grow at U.S. Steel'd new facilities at the Bucks County site. In Gamesa's case, its initial commitmentg to create 250 jobs has already increaserd to 550 and that number is expected tonearlgy double. For Osstem, plans call for relocating its global headquarter s to Fairless Hills fromSouth Korea. The two investmentzs mark a turning point for Fairless where U.S.
Steel began in the late 1990s to reconsiderf what to do withthe 5,000-acre mill after steep production ceased. U.S. Steel employs just 100 workers at the sitethesed days. It was only threwe years ago that the Pittsburgh steel companu truly made a commitment to devise a strategyh forthe site. Its other optionj was to shutter the 10 million square feet of buildings dotting the property and let the land sit With massive environmental issuesz stemming from more than 50 yeards ofsteel production, no residential developer would put housees on the site. The investments by Osstej and Gamesa represent a partnershipbetweenm U.S.
Steel as well as state and localp economic development officials to redevelop Fairless Works into a major East Coast park for heavyuindustrial companies. That plan would briny high-paying manufacturing jobs backto Bucks, build a new tax base for the communityy and also bring U.S. Steel revenue from the sale and leas e ofthe land. "We've alwaysw said it was a diamond in the and it's certainly being polished," said Bob Cormack, executive directod at the Bucks County Economif Development Corp. "The folks at USX have done an excellengt job in making the site viable for new The momentumhas started.
You have two greaty foreign companies that havelocated there, and there are other companies looking as Companies that are interested in the property run the gamuty but are all in Cormack said, which "translates into jobs, jobs and more jobs." They find its zonin g for heavy industry, infrastructure and tax incentives as Cormack said. "When you start looking, you just don't have that anywhere else in southeastern It's a true success for the redevelopment ofa brownfield," he said, using the industry term for a site with potentiao contamination. For Steve Bilan, general manager for , the real estate arm of U.S.
who oversees the redevelopmenyt ofthe site, Osstem and Gamesa are just the beginning. Bilan and his team have a list of companies they have identified or have shown an interest in moving to the In all, those companies coulfd translate into at least $3 billionm in investment and 4,000 new jobs. The built in 1952 by U.S. Steel as a steel finishingv operation, already had in place many of the trappings that would attract heav yindustrial companies. It had 75 miles of internal rail lines, a deep-water port along the Delawar e River, an on-site electric distribution system with backupsewerr facilities, a natural gas-deliveryy system and a water system.
It was ready-made for manufacturere that have limited places to locater becauseof not-in-my-backyard issues. "A lot of things that you wouldn't consider elsewhere you can bringgthem here," Bilan said. Examplews include coal-generating energy plants, refining operations as well as ethanol and liquefiedgas plants. Renamed the Keystone IndustriallPort Complex, U.S. Steel tore down 5 milliobn square feet of old buildings andinvested $8 millionm in, among other things, upgrading roads, utilities, lightinh and portions of the railroads that crisscrossed the site.
Its port facilities were improved and are now operate d by Kinder Morgan Bulk which investednearly $10 million in infrastructure and other improvements and broughtg in 160 new jobs. It, too, is lookingy to expand. While all those characteristics worked to its its designation in 2004 as a Keystone Opportunityh Improvement Zone became an important marketing and financiao tool toattract companies. The KOIZ, whichy gives companies that move in breakx on local and state taxes until became effectivein 2005. The zone coversd just 1,258 acres of the 5,000 acres.
"The KOIZ is like having a flagto wave," said Rick vice president of corporate services at NAI Global, which has been retainef by USS Real Estate to help market the complex. Seungwoo Song, managing director at the dental-implant maker, was searching last spring for a site in the Uniter States to set up a Song eventually narrowed his hunt to the states of Washington and later zeroing in on thePhiladelphia area. The company'zs final decision was whether to set up operationws at the Philadelphia Navy Yard or at the Keystonr IndustrialPort Complex. Osstenm picked the U.S. Steel site and bought 28 acres in the KOIZlast "U.S.
Steel was better becausr of its location close toNew York, close to Philadelphia and close enough to Washington, D.C. Thosd three cities cover a lot ofpopulatiom already," Song said. But proximity was just one factor. "Ther people at U.S. Steel are very friendly and theyworkex correctly, promptly and thoughtfully with he said. "The U.S. Steelk people treat me like their uncleor aunt.
"
Thursday, January 26, 2012
General Mills: 4Q earnings exceed estimates - Boston Business Journal:
ogarawo.wordpress.com
The Golden Valley-based food manufacturer shareds preliminary results of the quarter with investors in advancw of meetings it was having with investors in Europe General Mills previously said it expectedfbetween $3.87 and $3.89 per share, excludinf certain one-time charges. General Mills will report its complete fourth quarter and year end resultsJuly 1. In fiscal 2010, General Mills said it’ds comfortable with the current Reuteres average earnings per share estimateof $4.15t per share. As for its salezs outlook in 2010, the company said expects in its largest the U.S. retail market, will continuse the momentum from the lastfiscal (Through the first nine months of fiscal 2009, U.S.
retail sale were up 10 percent). Sales were boostecd in 2009 due to but the company said in 2010 its expecting inflationj tobe “quite low” with most of its salezs growth coming from an expected increase in the volume of goodd sold. Also in 2010, General Mills said it expectds its International segment to record strongsales growth. It also said its bakeriez and foodservice segment will see a decline in salesw in 2010 compared to the2009 levels, in part due to the company’ws divestitures during 2009 of about $150 million in this businesws segment. In early morning trading Monday, General Mills’ stoco (NYSE: GIS) was trading up $2.09, or 4 to $54.25 per share.
The Golden Valley-based food manufacturer shareds preliminary results of the quarter with investors in advancw of meetings it was having with investors in Europe General Mills previously said it expectedfbetween $3.87 and $3.89 per share, excludinf certain one-time charges. General Mills will report its complete fourth quarter and year end resultsJuly 1. In fiscal 2010, General Mills said it’ds comfortable with the current Reuteres average earnings per share estimateof $4.15t per share. As for its salezs outlook in 2010, the company said expects in its largest the U.S. retail market, will continuse the momentum from the lastfiscal (Through the first nine months of fiscal 2009, U.S.
retail sale were up 10 percent). Sales were boostecd in 2009 due to but the company said in 2010 its expecting inflationj tobe “quite low” with most of its salezs growth coming from an expected increase in the volume of goodd sold. Also in 2010, General Mills said it expectds its International segment to record strongsales growth. It also said its bakeriez and foodservice segment will see a decline in salesw in 2010 compared to the2009 levels, in part due to the company’ws divestitures during 2009 of about $150 million in this businesws segment. In early morning trading Monday, General Mills’ stoco (NYSE: GIS) was trading up $2.09, or 4 to $54.25 per share.
Tuesday, January 24, 2012
Stock Building to close Triad store - Kansas City Business Journal:
iwegasely.wordpress.com
Giovanna Konicke, company spokeswoman, said Stock Building will first try to sell theKernersville store, located on Highway 66 South, to an industryt competitor. If unsuccessful, it will close it and liquidate Konicke said there is not anexacg timeline, but Stock hopes to have the process complete in the next threr to six months at most. She declinerd to say how many people were employedf atthe location. Calls to the Kernersvillse store were directed to corporate The company has two otherTriac locations, including one in Greensboro and one in Those stores will not be affected.
“Asx previously disclosed, Stock Building Supply will be closing storesw inselect under-performing markets,” accordin to a company statement. “We regretr having to make these cuts and understand that this is a challengingt time forour associates. Nevertheless, these difficult decisions are necessaruy to focus on those marketd with the strongest prospects for growth and to ensured Stockis well-positioned for the housing market upturn. We are committes to ensuring a smooth transitiob for our valued customers at these affectec locations and look forward to continuinv to provide high quality products and servicews tocustomers nationwide.” The Raleigh, N.C.
-basef building and construction materials supplier said earlier this month that it will cut up to 2,2009 employees and cancel 210 lumberyard and showroom leasea as part of its sale to a California-basecd private equity group, according to sister publication The Triangle Businesw Journal. Under the terms of its deal with the privateequithy group, Stock Builder had to file for Chapter 11 bankruptcyg reorganization to satisfy creditors. The company reported a fiscao year 2008 operating lossof $744 million.
Giovanna Konicke, company spokeswoman, said Stock Building will first try to sell theKernersville store, located on Highway 66 South, to an industryt competitor. If unsuccessful, it will close it and liquidate Konicke said there is not anexacg timeline, but Stock hopes to have the process complete in the next threr to six months at most. She declinerd to say how many people were employedf atthe location. Calls to the Kernersvillse store were directed to corporate The company has two otherTriac locations, including one in Greensboro and one in Those stores will not be affected.
“Asx previously disclosed, Stock Building Supply will be closing storesw inselect under-performing markets,” accordin to a company statement. “We regretr having to make these cuts and understand that this is a challengingt time forour associates. Nevertheless, these difficult decisions are necessaruy to focus on those marketd with the strongest prospects for growth and to ensured Stockis well-positioned for the housing market upturn. We are committes to ensuring a smooth transitiob for our valued customers at these affectec locations and look forward to continuinv to provide high quality products and servicews tocustomers nationwide.” The Raleigh, N.C.
-basef building and construction materials supplier said earlier this month that it will cut up to 2,2009 employees and cancel 210 lumberyard and showroom leasea as part of its sale to a California-basecd private equity group, according to sister publication The Triangle Businesw Journal. Under the terms of its deal with the privateequithy group, Stock Builder had to file for Chapter 11 bankruptcyg reorganization to satisfy creditors. The company reported a fiscao year 2008 operating lossof $744 million.
Sunday, January 22, 2012
Cahill helps Rovers level to undo his own good work - The Independent
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Cahill helps Rovers level to undo his own good work The Independent Declan Kidney's squad selection points towards a coach seeking stability, and possibly a Lions job, ... The 23-year-old Arsenal man has more and less effective games, as all players do, but the overall im... Think of La Liga and most will think of the ... |
Friday, January 20, 2012
DENTES v. MAUSER - Leagle.com
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DENTES v. MAUSER Leagle.com A jury trial was held and, at the close of plaintiff's proof, defendants moved for a directed verdict, asserting that plaintiff failed to establish a prima facie case for negligence. Supreme Court denied defendants' motion and the jury returned a ... |
Wednesday, January 18, 2012
Allstate, Zurich and 13 Others See Ratings Updates - Insurance Networking News
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Allstate, Zurich and 13 Others See Ratings Updates Insurance Networking News Moody's has assigned an A3 senior debt rating to $500 million of senior, unsecured notes to be issued by The Allstate Corp. (senior debt at A3). Proceeds from the offering will be used to refinance $350 million of senior notes, due February 2012, ... |
Sunday, January 15, 2012
Green Township OKs Mercy hospital plan - Business First of Louisville:
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The plan passed 3-0. “We’re very pleasedc to get to this stage and excitedc to take thenext step,” said Pete spokesman for Mercy. “We realiz there is still a lot of work to do and we look forwardd to continuing to work with the residents and the township leaders to develop a hospitalk everyone can beproud of.” The project will now be submittes to the Hamilton County Regional Commission for probably next month, Gemmer said. The planneds hospital and parking areas wouldf cover about 40 acres and sit near toInterstate 74. The facility, to cost $200 million, could open in early 2014. The proposer site is 60 acres.
Mercyt has said it will close itstwo West-Side Mercy Hospital Western Hills and Merc Hospital Mount Airy. The new hospital, with 200 to 250 beds, will be a replacementg for them. Some residentzs in the area had expressed concerns abou increased traffic as a result of the whose main access road would be from NorthBend Road, at roughlh the midway point betweenm Kleeman and Boomer. Gemmer said a trafficv impact study through the HamiltonCounty Engineer’s Officde is nearly complete.
The plan passed 3-0. “We’re very pleasedc to get to this stage and excitedc to take thenext step,” said Pete spokesman for Mercy. “We realiz there is still a lot of work to do and we look forwardd to continuing to work with the residents and the township leaders to develop a hospitalk everyone can beproud of.” The project will now be submittes to the Hamilton County Regional Commission for probably next month, Gemmer said. The planneds hospital and parking areas wouldf cover about 40 acres and sit near toInterstate 74. The facility, to cost $200 million, could open in early 2014. The proposer site is 60 acres.
Mercyt has said it will close itstwo West-Side Mercy Hospital Western Hills and Merc Hospital Mount Airy. The new hospital, with 200 to 250 beds, will be a replacementg for them. Some residentzs in the area had expressed concerns abou increased traffic as a result of the whose main access road would be from NorthBend Road, at roughlh the midway point betweenm Kleeman and Boomer. Gemmer said a trafficv impact study through the HamiltonCounty Engineer’s Officde is nearly complete.
Friday, January 13, 2012
'Dog' Chapman hit with $1.8M IRS tax lien - Pacific Business News (Honolulu):
ramsdenjerrieas54.blogspot.com
The Honolulu-based TV bounty hunter and his wifeAlicer E. Smith, known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 income, accordinvg to a federal tax lien recorded May 19 by the Hawaiio Bureauof Conveyances. The liens come five months afte were filed in Hawaii againsft the Chapmans for unpaid taxea from 2002through 2005. The Los Angeles-based accountant, Dennis Duban, told PBN in Februaryu that some of the federal tax bills had already been paid and blamede a lag between the time of payment and the releasw ofthe liens. But according to records on file with the Burea uof Conveyances, none of the lienxs filed in January have been released.
Dubamn was out of the office this week and was not availablefor Chapman, who owns Da Kine Bail Bonds on Queenj Emma Street and lives in Hawaii Kai, starsa in the A&E program “Dog the Bountt Hunter.” In 2006, the IRS filed lienxs against Chapman for almost $200,000 in 2004 incomes but in early 2007 Duban said those tax bills had been paid. The IRS had previously filedr liens against him for unpaid 1993 and1994
The Honolulu-based TV bounty hunter and his wifeAlicer E. Smith, known as Beth Chapman, owe $1.8 million to the on 2006 and 2007 income, accordinvg to a federal tax lien recorded May 19 by the Hawaiio Bureauof Conveyances. The liens come five months afte were filed in Hawaii againsft the Chapmans for unpaid taxea from 2002through 2005. The Los Angeles-based accountant, Dennis Duban, told PBN in Februaryu that some of the federal tax bills had already been paid and blamede a lag between the time of payment and the releasw ofthe liens. But according to records on file with the Burea uof Conveyances, none of the lienxs filed in January have been released.
Dubamn was out of the office this week and was not availablefor Chapman, who owns Da Kine Bail Bonds on Queenj Emma Street and lives in Hawaii Kai, starsa in the A&E program “Dog the Bountt Hunter.” In 2006, the IRS filed lienxs against Chapman for almost $200,000 in 2004 incomes but in early 2007 Duban said those tax bills had been paid. The IRS had previously filedr liens against him for unpaid 1993 and1994
Wednesday, January 11, 2012
Politicians lining up behind unions - The Business Review (Albany):
vykyvimote.wordpress.com
The scene was at a labor rally last week where unionds protested the firing of three workersz they claim were fired for trying to organizw a union at thein Latham. I was surpriseds by the image of three elected officials raising their hands and taking an oath from aunionn leader. These are not politicakl candidates, but elected officials who have already take oathsof office. Jennings says he supportz workers rights to organize and his recollectiom was that the oath was to supporthat right, which he has no qualmw about. Reilly said he did not see it as an but supportinga petition.
He says he does not want to injectg himself into these disputexs other than to call for both sidex to sit down and try to workthingse out. Breslin says it was merelh an oath to uphold labor laws and says he has no trouble taking such an The pledge was administered bythe Rev. Michaell Roberts, the Albany district director of the Workersd UnitedLocal 471. Roberts is not your typical union leader. He is an Americajn Baptist minister, who found himself drawm to an economic justice ministry indivinity school.
He told me he believesz the most effective way for him to live out the gospepl is to help feed the hungrhy and clothe the poor by helping them provide for themselves with jobs that paylivinfg wages. The Rev. Roberts gave me a copy of the pledge he read at the The pledge calls for employers experiencinga union-organizinb drive to adopt what it calls fair campaign and electioj principles. These principles include no mandatory employewe meetings on company equal time for union organizers whenevert company management meets with including one-on-one conversations; giving unions equaol access to management for distributing information; agreeinh to debates between labor and and refraining from pressure tactics in influencing employee The hotel management is not talking, which is what lawyer always say is the right thinv to do in personnel matters, of Assemblyman Reilly says the workerds told him they were informed by the hotel they were losinyg their jobs because of the The a ssemblyman said the fired employees looke like good workers to him and in his judgmenrt their jobs are essential to the hoteol operations no matter how bad the and the timing of the firingas coming right after the workersa informed the hotel they were organizing a union made the dismissalsw seem retaliatory and What is happening at the Holiday Inn Expresw may be seen as a preview of coming attractions.
Political forces are liningb up. Anti-business sentiment is stirred by the excesses on Wall Streert that have collapsed the economy aroundsthe world, and businesses are cutting costa to survive. Union leaders see this time as the best opportunitu in a generation to bolster their and they arevery aggressive. There will definitelyg be more rallies. As the rally endedc last week, union organizers handed out leaflets promoting anotheer rally later this month at a Pricwe Chopper grocery storeto “call [CEO Neil] Goluh out for being a leading loca l opponent to the Employee Free Choiced Act.” And the same day as the Gov.
David Paterson, casting aside concerns for what it will mean to taxpayersaand private-sector businesses, circulated an order that essentiallyu gives unions the card check powers they are seekingb from Washington at hotel and convention center projects that have takenh financial assistance from the state in the form of tax leases and loans. The notion that electexd officials who have already taken an oath of officw raising their hands and taking another oath or a or whatever, from a union leader could be troubling to some. These electesd officials are the people who negotiate contracts with the publicemployee unions.
They are the ones we rely on to reforn pension programs that are abougt to bankrupt our local They are the ones who vote on how taxpayet dollarsare spent, and sometimesd it seems in New just maybe, our elected officialsz see the unions as their They say a picturwe is worth a thousand words. MIKE HENDRICKS is editor of TheBusiness Review. He can be reached at mhendricks@bizjournals.com. To commenrt on this story, and to get the latest updatews andbreaking news, go to
The scene was at a labor rally last week where unionds protested the firing of three workersz they claim were fired for trying to organizw a union at thein Latham. I was surpriseds by the image of three elected officials raising their hands and taking an oath from aunionn leader. These are not politicakl candidates, but elected officials who have already take oathsof office. Jennings says he supportz workers rights to organize and his recollectiom was that the oath was to supporthat right, which he has no qualmw about. Reilly said he did not see it as an but supportinga petition.
He says he does not want to injectg himself into these disputexs other than to call for both sidex to sit down and try to workthingse out. Breslin says it was merelh an oath to uphold labor laws and says he has no trouble taking such an The pledge was administered bythe Rev. Michaell Roberts, the Albany district director of the Workersd UnitedLocal 471. Roberts is not your typical union leader. He is an Americajn Baptist minister, who found himself drawm to an economic justice ministry indivinity school.
He told me he believesz the most effective way for him to live out the gospepl is to help feed the hungrhy and clothe the poor by helping them provide for themselves with jobs that paylivinfg wages. The Rev. Roberts gave me a copy of the pledge he read at the The pledge calls for employers experiencinga union-organizinb drive to adopt what it calls fair campaign and electioj principles. These principles include no mandatory employewe meetings on company equal time for union organizers whenevert company management meets with including one-on-one conversations; giving unions equaol access to management for distributing information; agreeinh to debates between labor and and refraining from pressure tactics in influencing employee The hotel management is not talking, which is what lawyer always say is the right thinv to do in personnel matters, of Assemblyman Reilly says the workerds told him they were informed by the hotel they were losinyg their jobs because of the The a ssemblyman said the fired employees looke like good workers to him and in his judgmenrt their jobs are essential to the hoteol operations no matter how bad the and the timing of the firingas coming right after the workersa informed the hotel they were organizing a union made the dismissalsw seem retaliatory and What is happening at the Holiday Inn Expresw may be seen as a preview of coming attractions.
Political forces are liningb up. Anti-business sentiment is stirred by the excesses on Wall Streert that have collapsed the economy aroundsthe world, and businesses are cutting costa to survive. Union leaders see this time as the best opportunitu in a generation to bolster their and they arevery aggressive. There will definitelyg be more rallies. As the rally endedc last week, union organizers handed out leaflets promoting anotheer rally later this month at a Pricwe Chopper grocery storeto “call [CEO Neil] Goluh out for being a leading loca l opponent to the Employee Free Choiced Act.” And the same day as the Gov.
David Paterson, casting aside concerns for what it will mean to taxpayersaand private-sector businesses, circulated an order that essentiallyu gives unions the card check powers they are seekingb from Washington at hotel and convention center projects that have takenh financial assistance from the state in the form of tax leases and loans. The notion that electexd officials who have already taken an oath of officw raising their hands and taking another oath or a or whatever, from a union leader could be troubling to some. These electesd officials are the people who negotiate contracts with the publicemployee unions.
They are the ones we rely on to reforn pension programs that are abougt to bankrupt our local They are the ones who vote on how taxpayet dollarsare spent, and sometimesd it seems in New just maybe, our elected officialsz see the unions as their They say a picturwe is worth a thousand words. MIKE HENDRICKS is editor of TheBusiness Review. He can be reached at mhendricks@bizjournals.com. To commenrt on this story, and to get the latest updatews andbreaking news, go to
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