Saturday, February 18, 2012

Missouri starts Web site for stimulus proposals - Kansas City Business Journal:

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In a release, Nixon said the site will serve as the onlinw hub forthe Governor’s , whicyh will oversee the state’s planning and coordinatio n of the state’s share of the federal “During these difficult economic times, we need fresh ideaa about projects that will createw jobs for Missourians and transforn our economy for the 21st century, and I know that many of the best ideasz will come from outside the halls of Nixon said in the “The American Recovery and Reinvestment Act has given us a once-in-a-generatiom opportunity to use these funds to develop our humab capital through education and training, to enhancre our information and transportation infrastructure and to embrac e high-tech, emerging technologies.
” Nixon spokesman Scottt Holste said the site has been developed in the past couplr of weeks and is maintained through the state’sx . The Transform Missouri Initiative staff will gathef andreview ideas, then forward them to relevan federal, state and local agencies, departments and officials, the releasee said. As the federal government establishezs an official application process for funds and Transform Missouri Initiative personnel will help provid information about the procedure to thosr who submiteligible proposals.

Thursday, February 16, 2012

World Telecom Exchange opens HQ in Tysons - Washington Business Journal:

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World Telecom opened a 2,000-square-foot office recentlyy at 8201 Greensboro Drive, a 361,000-square-foot commerciapl building in McLean ownedby D.C.-based B.F. Saul and Co. The a wholly-owned subsidiary of Worldwide Telecom Xchange CarriereFZ LLC, a Dubai-based telecommunications investment companyy focused on aggregating wholesale telephony and data traffic in emerging markets, is a network servicesx company that provides engineering, sales and marketing, billin g and outsourced technical support services. To about six employees will be based at the new headquarterxs with room forfurther expansion.
World Telecom’s servicesz include call routing, satellite Voice over Internet Protocol TDM network, code division multiple acceszs (CDMA), WiMax and networjk management outsourcing. “WTXC’s success illustrates that our region remainse a great place to star and grow a saidMike Norris, a vice president at Rockville-based Scheed Partners Inc., who brokered the lease. “Andf the commercial real estate market is yieldinhg opportunities for business ownersthat haven’f existed since the early part of the Scheer Partners broker Ben Heller, who also worked on the added that the company “evaluated a handfukl of locations in McLeanb and Vienna...
deciding on 8201 Greensborp Drive forseveral reasons,” that included its location, “a very fair marke t deal” and other appealing terms such as a “good cure perio d on defaults.”

Tuesday, February 14, 2012

BofA, Wells to accept California IOUs - Baltimore Business Journal:

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BofA says the state’s budget crisis prompted its decision. “To support our while giving the state legislature additionalk time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-based BofA says in a written statement. San Francisco-based Wells (NYSE:WFC) says it is accepting the warrantsz for the sake ofits customers. "Wd are reluctant to take this step, but are doingb so to help our customers who are not at fault and with the expectation that the legislature and governor will completer the budgetwithin days," Wells On Wednesday, Gov.
Arnold Schwarzenegger blasted stats lawmakers for failing to pluga $24 billion hole in the statw budget before the starft of the new fiscal year. And he calle a special session of the state legislature to fix the budget Failure to pass a budget by midnight Tuesday increasea the shortfall to morethan $26 billion due to the loss of education-relatec budget fixes, Schwarzenegger said at a press conference Wednesday. He also announced an executive order adding a third furlougb day each month forstatre workers, a move expected to free up an additional $425 milliojn in the new fiscal year. Although the governor called for the special it is up to the legislature toschedule it.
When it will be held is yet tobe

Saturday, February 11, 2012

Lumiere stops recognizing warring union, affecting 750 workers - Puget Sound Business Journal (Seattle):

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Lawyers representing managementat -owned Lumiere sent letteras Thursday to representatives of Local 74 and its spinoff, , announcinbg a withdrawal of recognition of Loca 74. “The union has evinced a lack of continuity of altering the identity of the bargainingb representative and establishing a fundamental change in the bargaining DLA Piper lawyers representing Lumierw wrote to Dave Morton of Unite HERE Local 74 and Noel Beasley ofWorkers United.
Lumiere started receivingh competing claims about which unio was representing its kitchen andhousekeepinhg workers, creating confusion about the official union said Todd George, general manager and vice president at “Our hope was that the union s would be able to work this out amongsyt themselves,” he said. “We’re trying to stay out of the middlw of thesecompeting unions.” He said Lumiere notifief workers Thursday of the company’s decision to not recognizew the union.
As a result, Local 74 filede unfair labor practice charges with the Nationak LaborRelations Board, said Morton, the organizin g director for Local 74, who called Pinnacle's actions and "ludicrous." “This has been nothinvg more than an attempt by (Pinnacle Chairman and CEO) Dan Lee and the head s of Pinnacle Entertainment to be anti-union,” he Morton said the union would consided picketing but hasn't made any decisions yet.
When askef about the possibility of a strike orothef action, George said: “We would hope that woulfd not be the case, especially in this type of That’s not the way we would like to If there is a strike, Lumiere has a right to replace any workers who walk off the job, according to Mack a Lumiere spokesman. Unitr HERE was formed in 2004 when Unite, a garmeng workers union, and Hotel Employees and Restaurant Employees Unionjoined forces.
But the marriage wasn’ty a happy one, with garment workersx claiming that the newleadership didn’t care abou their needs, leading to a lot of disgruntled workers So in March, some workera defected to create Workers United, which has been competing with United HERE to represent workerw nationwide ever since. Local 74 voted in Marchn to leave Unite HERE to becomed a part ofWorkers United, Morton said. Workere United is now affiliated withlabor giant, . Pinnaclew Entertainment Inc. (NYSE: PNK) is based in Las Vegas.

Thursday, February 9, 2012

Samet plans spec building in Alamance - The Business Journal of the Greater Triad Area:

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The building should be finished by January and will be availabler for saleor lease, Samet and Alamance Countty Chamber of Commerce officialsx said this week. Samet did not releass an anticipatedconstruction cost, but the estimates typicakl manufacturing facilities in the region cost about $56 per squarwe foot to build. At that a finished facility of the size Samet plan s might costabout $5.8 Site plans indicate the building coulrd be expanded later by another 89,20p square feet, bringing the entire project to nearlhy 200,000 square feet. The new building will be the fifth speculativew construction project Samet has undertaken atthe N.C. Industria l Park.
Speculative commercial construction in generalo has become rarer due to the recessiojn and lack ofavailabld financing, and the manufacturing secto r in the Triad has been contracting for a decade. But Samegt sees a market for the kind of projectit

Tuesday, February 7, 2012

D-FW employers: unsteady 3Q hiring plans - Dallas Business Journal:

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Milwaukee-based performs the surveyh each quarter to give local marketsand job-seekers a glimpsse at company hiring plans. According to its latest reporton Dallas-Fort Worth-Arlington, 10 percentt of the companies interviewed in the area expec to hire more employees between the months of July to But those gains will be offsett by another 10 percent that expects to reduce their payroll levels The bulk of respondentse -- 76 percent -- expect to keep staffinv levels at their current The remaining four percent are uncertainn about third-quarter hiring.
Job seeker will have the best luck in the areax of professional andbusiness services, leisure and hospitality, services and governmentg segments, the report said. North Texas employers anticipatingy staff reductions include those in durablegoods manufacturing, wholesale and retail trade and informatiom sectors. From a national perspective, Manpower interviewed 28,00p employers and found that 15 percent expect to increasre staffing levels in thethird quarter, 13 perceny say they will reduce their payrolls and 67 percengt expect no change in hiring.

Sunday, February 5, 2012

HHGregg Inc. planning major expansion in region starting next year - Birmingham Business Journal:

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The Indianapolis-based company plans to open 40 to 45 new storesa infiscal 2011, mainly in Washington, D.C., and Philadelphia. The retailer’s fiscak 2011 runs from March 2010 toMarch 2011. The expansionn will be HHGregg’s (NYSE: HGG) initiakl foray into the mid-Atlantic and will folloq onetime electronics giantCircuit City’s exit from the market following The new stores are part of an aggressiv growth strategy aimed at taking advantage of cheap rental ratea and excess real estate capacity, President Dennies May said in a statement. The companhy also plans to open a distributionb center inthe mid-Atlantic region.
The average HHGregh store is 30,000 squarde feet and employs 40 workers. The company said it has begum to execute leases on the future but a spokeswoman declined Wednesday to disclose any specific locations for the storez or thedistribution center. HHGregg currently operatesd 111 storesin Alabama, Florida, Georgia, Indiana, Kentucky, North Ohio, South Carolina and Tennessee. In fiscal year the company posted salesof $1.4 billion and a profitg of $36.5 million.