adepylex.blogspot.com
Nine of the 75 stores to be closed arein Florida, including the one in The Avenued mall. A second Jacksonville J. Jill location at the St. John s Town Center will remai open. In a statement announcing the Talbots President and CEO Trudyu Sullivan saidit “enables us to focus our resources and attention exclusively on rejuvenating our core Talbots brand and return to profitable growth.” The transactiom includes the transfer of certain assets and liabilities to the including a distribution center in New the sublease of a portionj of the Quincy, Mass., headquarters and substantiallyu all of the brand’s intellectual property and inventories.
The remaining 204 storess will continue to operate underthe J. Jill brand. The headquarterd for the company will remainin Quincy. The J. Jill sale is expectef to be completed in the second quarte and is subject to postclosing adjustments. San Francisc based-Golden Gate Capital acquiredr Jacksonville-based Venus in 2006. The acquisition was Goldenb Gate’s 11th in two years. Last month Venuxs announced that all 290 employees were in jeopardyh of losing their jobs when the swimwear and ladiez apparel company lostits financing.
With its latesg catalog recentlybeing released, Venus employees are still at least for now, and company executives are lookinyg for a new buyer to acquirr the company.
Friday, December 30, 2011
Wednesday, December 28, 2011
Nigeria: TUC Wants Bomb Detectors Installed in Churches - AllAfrica.com
xoqylyjibo.wordpress.com
Nigeria: TUC Wants Bomb Detectors Installed in Churches AllAfrica.com Lagos â€" Following the recent Christmas Day bombings in some parts of the north, the Trade Union Congress of Nigeria (TUC) has advised Christians to install bomb detectors in their churches. The union, in a statement yesterday by its president and ... |
Monday, December 26, 2011
Stars of the future - SkySports
gonyzyf.wordpress.com
Stars of the future SkySports In my final Pick Six column of 2011, I want to step away from the stories of this past weekend for just one week and focus on some stars of the future. These six stars are either rookies or in their second year in the NFL and I'm pretty sure they're ... |
Friday, December 23, 2011
Moneta's Schick establishes University of Missouri-St. Louis professorship - Washington Business Journal:
tosece.blogspot.com
Alumnus Peter Schick, chairman of the , has pledged $1.7 million to establish an endowed professorship in financde in the College of Business The endowment will be known as thePete G. Schick Professorship in Financeat UMSL. The which will be the first endowed position forthe college'sw finance area, will be filled through a national Moneta Group is a financia l advisory company based in Mo. Also on Wednesday, UMSL established a new partnership with the to creater the Center for Excellence in Financial Counseling at The FCE is a nonprofift dedicated to improving thefinancial well-being of consumer through the professional developmenft of financial counselors.
Assorted assetws of the foundation totalingabout $3.2 million will be donated to UMSL. The Center for Excellencw in Financial Counseling will be locatexon UMSL's South Campus. It is expected to open in
Alumnus Peter Schick, chairman of the , has pledged $1.7 million to establish an endowed professorship in financde in the College of Business The endowment will be known as thePete G. Schick Professorship in Financeat UMSL. The which will be the first endowed position forthe college'sw finance area, will be filled through a national Moneta Group is a financia l advisory company based in Mo. Also on Wednesday, UMSL established a new partnership with the to creater the Center for Excellence in Financial Counseling at The FCE is a nonprofift dedicated to improving thefinancial well-being of consumer through the professional developmenft of financial counselors.
Assorted assetws of the foundation totalingabout $3.2 million will be donated to UMSL. The Center for Excellencw in Financial Counseling will be locatexon UMSL's South Campus. It is expected to open in
Wednesday, December 21, 2011
UB placement office helps grads find jobs - Business First of Buffalo:
asafevboriegum.blogspot.com
Those who do, often wonder why they didn' go there sooner. "I'm one of them - passiv e resistance," said Stephen a May graduate who earned join degrees in law andpublic "It's going through the muck (of applyingf for jobs)." Trynosky, who attended UB Law on the GI Bill as an Army is on his way to a two-year post in D.C., as a Presidential Management He'll be working on disastere preparedness in the . But when he started law he wasn't sure how he was going to combinee his experiences as a medical servicecorps officer, an EMT and a soon-to-be lawyer. "UB helped me find a path because I came here reall not knowing what path to he said.
"But it seemed like a master's in public health with experience in law woulfd be a perfect fit for a rewardinbggovernment career." Although he informed the Caree r Services Office about the staff there, along with Professore David Westbrook, helped him get the dean'sd recommendation. For another May graduate, the officr connected her to an alumnus who is a publiv defenderin Alaska. Lauren Cutuly got an insider'x point of view before accepting, then completing, an internshil there. "While the Alaskan lifestyle is notfor me, (the got me interested in public I thought I was going to be a she said.
The office also got her contactzs with public defenders inSan Diego, wherd she had an interviea with a federal defender. "The CSO sent me a list of peopled specifically aimed atpublic defenders. It got me motivateds to check outother (locations)," said Cutuly, who has a job linedd up as a public defender for a Colorado public interestt group. The office's statistics show that it For the classof 2005, 98 percenyt of its graduates have jobs. But to get thosse jobs, students are required to visit the office in theitrfirst year. An extensivse orientation gives students an idea of how the jobprocesw works, deadlines and where to look for job postings.
In additiomn to how-to seminars, one-on-one consultations are the best way to get studentas on theircareer path. "For most people, it's a way to get them in the like afree sample," said Lisa associate dean for Career "They might not need anythingh right now, but in theidr third year they'll remember us and come While some students have an idea of what practiced area they'd like to focus on, some students need a little more Patterson encourages the uncertain students to attend such as one on district attorneys, and visitr online sites such as , which posts public servicre law jobs.
"Some first years don't know what they want to do, so we go onlind and break down jobs into practice areasz and see what looks goodto We'll just brainstorm with job Patterson said. However, it's better for students to have a generaol idea of whatdirectiohn they'd like to head in, recommendsz Bethany Gilbert, an associate at who worked as a graduate assistantt in the office while in law "There are a lot of nontraditional jobs using your law degreed but not necessarily practicing law," Gilbert adding the conversation-style paneles always produce good feedback.
Those who do, often wonder why they didn' go there sooner. "I'm one of them - passiv e resistance," said Stephen a May graduate who earned join degrees in law andpublic "It's going through the muck (of applyingf for jobs)." Trynosky, who attended UB Law on the GI Bill as an Army is on his way to a two-year post in D.C., as a Presidential Management He'll be working on disastere preparedness in the . But when he started law he wasn't sure how he was going to combinee his experiences as a medical servicecorps officer, an EMT and a soon-to-be lawyer. "UB helped me find a path because I came here reall not knowing what path to he said.
"But it seemed like a master's in public health with experience in law woulfd be a perfect fit for a rewardinbggovernment career." Although he informed the Caree r Services Office about the staff there, along with Professore David Westbrook, helped him get the dean'sd recommendation. For another May graduate, the officr connected her to an alumnus who is a publiv defenderin Alaska. Lauren Cutuly got an insider'x point of view before accepting, then completing, an internshil there. "While the Alaskan lifestyle is notfor me, (the got me interested in public I thought I was going to be a she said.
The office also got her contactzs with public defenders inSan Diego, wherd she had an interviea with a federal defender. "The CSO sent me a list of peopled specifically aimed atpublic defenders. It got me motivateds to check outother (locations)," said Cutuly, who has a job linedd up as a public defender for a Colorado public interestt group. The office's statistics show that it For the classof 2005, 98 percenyt of its graduates have jobs. But to get thosse jobs, students are required to visit the office in theitrfirst year. An extensivse orientation gives students an idea of how the jobprocesw works, deadlines and where to look for job postings.
In additiomn to how-to seminars, one-on-one consultations are the best way to get studentas on theircareer path. "For most people, it's a way to get them in the like afree sample," said Lisa associate dean for Career "They might not need anythingh right now, but in theidr third year they'll remember us and come While some students have an idea of what practiced area they'd like to focus on, some students need a little more Patterson encourages the uncertain students to attend such as one on district attorneys, and visitr online sites such as , which posts public servicre law jobs.
"Some first years don't know what they want to do, so we go onlind and break down jobs into practice areasz and see what looks goodto We'll just brainstorm with job Patterson said. However, it's better for students to have a generaol idea of whatdirectiohn they'd like to head in, recommendsz Bethany Gilbert, an associate at who worked as a graduate assistantt in the office while in law "There are a lot of nontraditional jobs using your law degreed but not necessarily practicing law," Gilbert adding the conversation-style paneles always produce good feedback.
Monday, December 19, 2011
Arrest warrant for Iraq VP on terror charge - CBS News
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ABC News | Arrest warrant for Iraq VP on terror charge CBS News (ALI AL-SAADI/AFP/Getty Images) BAGHDAD - Iraq's Shiite-led government issued an arrest warrant Monday for Vice President Tariq al-Hashemi, the country's highest ranking Sunni official, on terrorism charges. The move, a day after the last US troops ... Iraq Issues Arrest Wa rrant for Sunni VP Iraq Issues Arrest Warrant for Sunni Vice President Arrest warrant issued for Iraqi VP on terrorism charges |
Saturday, December 17, 2011
US troops conduct 'Operation Christmas Drop,' with care packages raining down ... - Washington Post
ycoguqi.wordpress.com
US troops conduct 'Operation Christmas Drop,' with care packages raining down ... Washington Post The humanitarian airlift mission, in its 60th year, is conducted by Air Force personnel out of Guam, a US territory in the western Pacific, and includes several aircraft deployed from Yokota Air Base in Japan and a detachment from Hawaii. ... |
Thursday, December 15, 2011
With Latest Network Agreements, the NFL Outdoes Even Itself - New York Times
belyaevostapuki.blogspot.com
New York Daily News | With Latest Network Agreements, the NFL Outdoes Even Itself New York Times With its consistently high ratings and its solid grip on the American sports psyche, the NFL knows that broadcast and cable networks will spend ever-rising sums to carry its games. Jack Dempsey/Associated Press Taken together, Fox, ... NFL extends network rights deal Changes on way in networks' new NFL deals NFL reaches 9-year extension with networks, including prime-time Thanksgiving ... |
Monday, December 12, 2011
Inside CERN, the hunt for a subatomic linchpin of the universe - Washington Post
tenganmodooo1324.blogspot.com
Telegraph.co.uk | Inside CERN, the hunt for a subatomic linchpin of the universe Washington Post Scientists are scheduled to announce on Tuesday what progress they've made in hunting for the Higgs boson, a subatomic particle that is central to physics' Standard Model. The European Organization for Nuclear Research 's Large Hadron Collider , ... Rolling the dice: understanding how physicists hunt for the Higgs Q&A: The Higgs boson Scientists close to finding God particle |
Saturday, December 10, 2011
Thursday, December 8, 2011
SunTrust to raise $1.4 billion in stock offer - Sacramento Business Journal:
vypybiza.wordpress.com
billion through a stock offeringh to boost its capital to meet federalgovernmen requirements, the Atlanta-based bank said Monday. The Atlanta-basex bank wants to sell 108 millio sharesat $13 a share. In relation to the SunTrust (NYSE: STI) suspendecd its previously announced $1.25 billiom “at the market” offer, which raised $260 million. SunTrust began an offer to buy upto $1 billiob liquidation preference or amount of certaibn of its currently outstanding preferred and hybrid securities for cash usinb proceeds from the $1.4 billionm equity offering. The moves come after the federall government’s “stress test” found SunTrust neededc to raise $2.
2 billion in capital. And while SunTrusyt had sufficient tier 1 capital to absornb projectedloan losses, its capita “tilted too strongly” to sources other than commojn equity, the stress test revealed. After completing the offerings announced Mondahand prior, SunTrust expects to have fully satisfiee its obligation. "Today's announcement underscores that we are on a clear path to achieve our previouslg announced capital objectives as we intensify our focuss onthe future," said James M.
Well III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatived will boost its ability to upon regulatory approval and at the appropriate preferred stock gotten through participation in the U.S. Treasury's Capitapl Purchase Plan.
billion through a stock offeringh to boost its capital to meet federalgovernmen requirements, the Atlanta-based bank said Monday. The Atlanta-basex bank wants to sell 108 millio sharesat $13 a share. In relation to the SunTrust (NYSE: STI) suspendecd its previously announced $1.25 billiom “at the market” offer, which raised $260 million. SunTrust began an offer to buy upto $1 billiob liquidation preference or amount of certaibn of its currently outstanding preferred and hybrid securities for cash usinb proceeds from the $1.4 billionm equity offering. The moves come after the federall government’s “stress test” found SunTrust neededc to raise $2.
2 billion in capital. And while SunTrusyt had sufficient tier 1 capital to absornb projectedloan losses, its capita “tilted too strongly” to sources other than commojn equity, the stress test revealed. After completing the offerings announced Mondahand prior, SunTrust expects to have fully satisfiee its obligation. "Today's announcement underscores that we are on a clear path to achieve our previouslg announced capital objectives as we intensify our focuss onthe future," said James M.
Well III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatived will boost its ability to upon regulatory approval and at the appropriate preferred stock gotten through participation in the U.S. Treasury's Capitapl Purchase Plan.
Tuesday, December 6, 2011
Summer reservations at West's mountain resorts down 15% - Denver Business Journal:
obofym.wordpress.com
MTRiP, a Denver-based consulting firm that trackss ski-resort reservations, occupancy and rates in the alsosaid mountain-resort room ratee are down an average 10 percent for the summer and early The latest report covers 2009 lodgings reservationsw made through May. But MTRiP said that reservations made in May aloner forsummer mountain-resort lodgings were up 9.3 percentr from last year's pace for the month. MTRiP tracks reservationw through a sample of216 property-management companies in 15 mountain destination communities across Utah, California and British It did not report total numbers of bookings.
"Although the bookingg trend appears to be consistent withlast winter’ss pattern, there is still some evidence that consumers are slightlyg more upbeat about future prospects," said Ralf who compiles MTRiP's reports. MTRil said that travelers this year are planninbgmore near-to-home bookings and are seeking lowef prices. Colorado winter resortzs recorded 11.85 million skier and snowboarder visits duringthe just-completed 2008-09 season, down 5.5 percent from last year, Coloradoo Ski Country USA .
MTRiP, a Denver-based consulting firm that trackss ski-resort reservations, occupancy and rates in the alsosaid mountain-resort room ratee are down an average 10 percent for the summer and early The latest report covers 2009 lodgings reservationsw made through May. But MTRiP said that reservations made in May aloner forsummer mountain-resort lodgings were up 9.3 percentr from last year's pace for the month. MTRiP tracks reservationw through a sample of216 property-management companies in 15 mountain destination communities across Utah, California and British It did not report total numbers of bookings.
"Although the bookingg trend appears to be consistent withlast winter’ss pattern, there is still some evidence that consumers are slightlyg more upbeat about future prospects," said Ralf who compiles MTRiP's reports. MTRil said that travelers this year are planninbgmore near-to-home bookings and are seeking lowef prices. Colorado winter resortzs recorded 11.85 million skier and snowboarder visits duringthe just-completed 2008-09 season, down 5.5 percent from last year, Coloradoo Ski Country USA .
Sunday, December 4, 2011
Wells Fargo& Co., Bank of America complete big acquisitions - Business Courier of Cincinnati:
ejyceh.wordpress.com
Charlotte, N.C.-based Bank of America has closed onits $19.45 billion purchase of Merrill Lynch & Co. of New making Bank of America thelargest U.S. with $2.7 trillion in assets. And Wells has bought Charlotte, N.C.-baseds Wachovia for $12.7 billion. The combined bank is the nation’ss fourth-largest by assets. Together, Wells and Wachovia have more than 6,60 outlets in 39 states and D.C. Wellsz and Wachovia customers will immediately have free use ofboth banks’ San Francisco-based Wells (NYSE:WFC) agreex to buy Wachovia on Oct. 3, topping a bid by (NYSE:C) for parts of Wachovia. In late September, regulators had pushed Wachovi to finda buyer.
The Charlotte bank had struggled throughout the crippled in large part by housing loans it inherited throughy its 2006 acquisition of Goldejn WestFinancial Corp. of Calif. Wells says it expects to writedown $71.r4 billion in assets acquired from Meanwhile, Bank of America has said it will cut 35,000 jobs in the next threew years as it absorbs Merrill
Charlotte, N.C.-based Bank of America has closed onits $19.45 billion purchase of Merrill Lynch & Co. of New making Bank of America thelargest U.S. with $2.7 trillion in assets. And Wells has bought Charlotte, N.C.-baseds Wachovia for $12.7 billion. The combined bank is the nation’ss fourth-largest by assets. Together, Wells and Wachovia have more than 6,60 outlets in 39 states and D.C. Wellsz and Wachovia customers will immediately have free use ofboth banks’ San Francisco-based Wells (NYSE:WFC) agreex to buy Wachovia on Oct. 3, topping a bid by (NYSE:C) for parts of Wachovia. In late September, regulators had pushed Wachovi to finda buyer.
The Charlotte bank had struggled throughout the crippled in large part by housing loans it inherited throughy its 2006 acquisition of Goldejn WestFinancial Corp. of Calif. Wells says it expects to writedown $71.r4 billion in assets acquired from Meanwhile, Bank of America has said it will cut 35,000 jobs in the next threew years as it absorbs Merrill
Friday, December 2, 2011
Exxon ordered to pay $507.5M in spill case - Washington Business Journal:
vypybiza.wordpress.com
million in punitive damages plus interesg to plaintiffs affected by the Exxon Valdez oil spil that impacted residents and businesses living along the coasf of Alaskain 1989. The made theier ruling Monday after the case was sent back fromthe . At the Nintg Circuit level, justices were charged with determining interest andappellatde costs. The Ninth Circuitt confirmed the punitive damagwe amount afterthe U.S. Supreme Courrt determined compensatory damages and punitive damagez should be assessed usinga 1-to-1 ratio.
In its latesr decision, the Ninth Circuit confirmedf that Irving-based Exxon XOM) is responsible for $507 million in punitive damagew and must pay interest on the judgmen t at the rateof 5.9 percent dating back to when the initial judgment againsy the company was first issued by a The federal case against Exxon Mobil has been languishingv for more than a decade. The Ninth Circuit said both sidess will cover theirown attorney’s fees.
The original jury verdicg against Exxon Mobilwas $5 an amount that has been reducecd by 90 percent during the more than 10 yearw of litigation, according to court An Exxon Mobil spokesman said Monday, "Wde are aware that the opinion has been issued and will review the opinion before commenting further."
million in punitive damages plus interesg to plaintiffs affected by the Exxon Valdez oil spil that impacted residents and businesses living along the coasf of Alaskain 1989. The made theier ruling Monday after the case was sent back fromthe . At the Nintg Circuit level, justices were charged with determining interest andappellatde costs. The Ninth Circuitt confirmed the punitive damagwe amount afterthe U.S. Supreme Courrt determined compensatory damages and punitive damagez should be assessed usinga 1-to-1 ratio.
In its latesr decision, the Ninth Circuit confirmedf that Irving-based Exxon XOM) is responsible for $507 million in punitive damagew and must pay interest on the judgmen t at the rateof 5.9 percent dating back to when the initial judgment againsy the company was first issued by a The federal case against Exxon Mobil has been languishingv for more than a decade. The Ninth Circuit said both sidess will cover theirown attorney’s fees.
The original jury verdicg against Exxon Mobilwas $5 an amount that has been reducecd by 90 percent during the more than 10 yearw of litigation, according to court An Exxon Mobil spokesman said Monday, "Wde are aware that the opinion has been issued and will review the opinion before commenting further."
Tuesday, November 29, 2011
Sunday, November 27, 2011
Landmark health reform bill passes Senate - Jacksonville Business Journal:
stelauguqdinec.blogspot.com
Also winning passage on Thursday was a the creationb of a state agency charged with improving the delivery of healthu care acrossthe state. The “Healthy Kids Healthy Oregon” bill, which will increase taxeas on hospitals and health insurersaby $150 million per marks a major victory for Gov. Ted Kulongoski, who proposed the measure. It faceds fierce opposition byhospital groups, who were pacifiecd when their proposed tax hike was moderated. Insurersw still maintain that the measure will increasew the cost of healt coverage for thousandsof Oregonians, by addiny a 1 percent premium to the cost of commerciakl health insurance.
By raising additional however, the state will receive $500 millioj in unclaimed federal health care Thesecond bill, which allocates two-year funding of $3 million from the state’xs general fund, creates the Oregon Health Authority to oversee existingt state programs that touch on healtb care. The new state agency is charged with establishinb health industry cost control measures and with promotingg health care reform at anational level.
Both bills now head to the governor forhis
Also winning passage on Thursday was a the creationb of a state agency charged with improving the delivery of healthu care acrossthe state. The “Healthy Kids Healthy Oregon” bill, which will increase taxeas on hospitals and health insurersaby $150 million per marks a major victory for Gov. Ted Kulongoski, who proposed the measure. It faceds fierce opposition byhospital groups, who were pacifiecd when their proposed tax hike was moderated. Insurersw still maintain that the measure will increasew the cost of healt coverage for thousandsof Oregonians, by addiny a 1 percent premium to the cost of commerciakl health insurance.
By raising additional however, the state will receive $500 millioj in unclaimed federal health care Thesecond bill, which allocates two-year funding of $3 million from the state’xs general fund, creates the Oregon Health Authority to oversee existingt state programs that touch on healtb care. The new state agency is charged with establishinb health industry cost control measures and with promotingg health care reform at anational level.
Both bills now head to the governor forhis
Friday, November 25, 2011
Price Chopper shoppers can save money at Sunoco - Charlotte Business Journal:
http://property-canada.com/intellectualpropertycanada.html
region can now save on gasolins for their car when they spend money in thesupermarkef chain. Price Chopper has teamed up with more than 70 stations to offerFuel AdvantEdge, a progran that has been available for more than two yearz in other areas servicex by the grocery chain. Consumers can save 10 cents per galloj at participating Sunoco stationds forevery $50 of qualified groceries they The points/dollars can be accumulated over a 90-dayg period and spent on up to 20 gallonw of gas. Sunoco customers in other areas have savesd upwards of 50 cent to 60 andeven $1 or more per gallon, through the according to Jeff Hassman, channel marketing manager for the gas stations.
The numbet of participating stationswill grow, said Neil Golub, president and CEO of Pricw Chopper. Customers must use their Prics Chopper AdvantEdge card to qualify for the The supermarket automatically tracks the purchases that can be applied toward the fuelsavings program. Certaib restrictions apply. For purchases of alcohol, tobacco, gift cards, lotter y tickets, video rentals and some othet items don’t count toward the $50
region can now save on gasolins for their car when they spend money in thesupermarkef chain. Price Chopper has teamed up with more than 70 stations to offerFuel AdvantEdge, a progran that has been available for more than two yearz in other areas servicex by the grocery chain. Consumers can save 10 cents per galloj at participating Sunoco stationds forevery $50 of qualified groceries they The points/dollars can be accumulated over a 90-dayg period and spent on up to 20 gallonw of gas. Sunoco customers in other areas have savesd upwards of 50 cent to 60 andeven $1 or more per gallon, through the according to Jeff Hassman, channel marketing manager for the gas stations.
The numbet of participating stationswill grow, said Neil Golub, president and CEO of Pricw Chopper. Customers must use their Prics Chopper AdvantEdge card to qualify for the The supermarket automatically tracks the purchases that can be applied toward the fuelsavings program. Certaib restrictions apply. For purchases of alcohol, tobacco, gift cards, lotter y tickets, video rentals and some othet items don’t count toward the $50
Wednesday, November 23, 2011
Economists: Start of end in job cuts? - Kansas City Business Journal:
artemchuksykitas.blogspot.com
Some local economists, however, said that this recession is following a script and that the tragix climax may havecome Jan. 26, when more than 75,000 additionaol job cuts were announcefd by and at least 10otheer U.S. companies. Those cuts could mean a happy ending the start ofrecovery — is not so far “I’m with the group that thinks we’rd looking at probably the worsrt of it this quarter and next, and that we’llk see a slow rebound start in the third and fourthj quarters of this year,” said Chris Kuehl, managinhg director of in Kansas City. Of not everyone agrees. L. Randall an economics professor atthe , called this “thde mother of all recessions.
” “It’s going to take many yearzs for just the real estate bust to turn around,” Wray “But we’re also in the middle of a globao financial collapse. Nothing like this has happened since the SoI don’t think we can look at any post-wat recession and say this one is goinvg to be like that.” But some generalizationzs can be made, said Randell Moore, who edits Blue Chip Economicf Indicators from his Kansas City He referenced a recent paper by economists Kenneth Rogoff of and Carmeh Reinhart of the that looks at the aftermat of 18 big financial crises that have occurreds since World War II.
According to the financial crises generally followthese steps: • asset markets experience deep and prolongef collapses. Housing price declines averagee 35 percent over six and equity price collapses averagw 55 percent during a downturn of aboutt three and ahalf years. Second, the unemployment rate riseds an average of 7 percentage points durinfg a down cycle that lastd an average offour years, and outpugt declines an average of 9 percent during a roughly two-yeaf downturn. • Third, government debt explodes an average of 86 percenyt because of the costs of bailingb out the banking system and the inevitable collapse in tax revenue thatgovernmenta suffer.
Frank Lenk, chief economist for the , agreec that the current recession appeared to be following that sequenceof progression. But everything is happening within a yearor two, not thre to six years, he said. “Iu think this recession is happening onInternet time,” Lenk “That’s what makes it seem different.” The determined late last year that the currenr recession began with the Decemberf 2007 peak in economic activity, which cappe an expansion that began in November 2001. If this recessio n ends by the fourthb quarter ofthis year, which Lenk said may be a littlwe too optimistic, he projected that it will cost the Kansas City area 14,000 jobs.
About 9,000 already have been cut during the If the recession lasts througuh the fourth quarterof 2010, the area’s jobless toll coulf reach 34,000, Lenk said. Moorew said the consensus of the 50top U.S. business economists he pollsa each month is that real GDP growthwill barely, in the third quarter of this followed by growth at an annualized rate of aboutg 2 percent in the fourty quarter.
“Of course, every time I’ve done the survey over the lastfew they’ve pushed that (estimated beginning of the a little farther out,” Moore In addition, Moore any kind of rosy prognostications regarding recovery must be temperedc by the depth of the hole the economy will be climbingf out of. The recession already has cost the nation morethan 2.5 million jobs, and if the national unemploymenyt rate rises to 10 percent, that will mean 2 millionb more layoffs, he said. Charlie Sunderland, CEO of Overland Park-basex , said the company is trying to limig layoffs to the 45 already made at one of itsnine U.S. But storage facilities at thosd plants are 85percent filled.
“Once we’re full, we can’t run our plantds anymore until there’s some demand for our said Sunderland, a member of the ’s . “Since the peak of our demanx in 2006 tothe trough, which we believe we’ll hit in late 2009 or early this will be, by far, the deepest declinre in demand for our producty since the Depression.”
Some local economists, however, said that this recession is following a script and that the tragix climax may havecome Jan. 26, when more than 75,000 additionaol job cuts were announcefd by and at least 10otheer U.S. companies. Those cuts could mean a happy ending the start ofrecovery — is not so far “I’m with the group that thinks we’rd looking at probably the worsrt of it this quarter and next, and that we’llk see a slow rebound start in the third and fourthj quarters of this year,” said Chris Kuehl, managinhg director of in Kansas City. Of not everyone agrees. L. Randall an economics professor atthe , called this “thde mother of all recessions.
” “It’s going to take many yearzs for just the real estate bust to turn around,” Wray “But we’re also in the middle of a globao financial collapse. Nothing like this has happened since the SoI don’t think we can look at any post-wat recession and say this one is goinvg to be like that.” But some generalizationzs can be made, said Randell Moore, who edits Blue Chip Economicf Indicators from his Kansas City He referenced a recent paper by economists Kenneth Rogoff of and Carmeh Reinhart of the that looks at the aftermat of 18 big financial crises that have occurreds since World War II.
According to the financial crises generally followthese steps: • asset markets experience deep and prolongef collapses. Housing price declines averagee 35 percent over six and equity price collapses averagw 55 percent during a downturn of aboutt three and ahalf years. Second, the unemployment rate riseds an average of 7 percentage points durinfg a down cycle that lastd an average offour years, and outpugt declines an average of 9 percent during a roughly two-yeaf downturn. • Third, government debt explodes an average of 86 percenyt because of the costs of bailingb out the banking system and the inevitable collapse in tax revenue thatgovernmenta suffer.
Frank Lenk, chief economist for the , agreec that the current recession appeared to be following that sequenceof progression. But everything is happening within a yearor two, not thre to six years, he said. “Iu think this recession is happening onInternet time,” Lenk “That’s what makes it seem different.” The determined late last year that the currenr recession began with the Decemberf 2007 peak in economic activity, which cappe an expansion that began in November 2001. If this recessio n ends by the fourthb quarter ofthis year, which Lenk said may be a littlwe too optimistic, he projected that it will cost the Kansas City area 14,000 jobs.
About 9,000 already have been cut during the If the recession lasts througuh the fourth quarterof 2010, the area’s jobless toll coulf reach 34,000, Lenk said. Moorew said the consensus of the 50top U.S. business economists he pollsa each month is that real GDP growthwill barely, in the third quarter of this followed by growth at an annualized rate of aboutg 2 percent in the fourty quarter.
“Of course, every time I’ve done the survey over the lastfew they’ve pushed that (estimated beginning of the a little farther out,” Moore In addition, Moore any kind of rosy prognostications regarding recovery must be temperedc by the depth of the hole the economy will be climbingf out of. The recession already has cost the nation morethan 2.5 million jobs, and if the national unemploymenyt rate rises to 10 percent, that will mean 2 millionb more layoffs, he said. Charlie Sunderland, CEO of Overland Park-basex , said the company is trying to limig layoffs to the 45 already made at one of itsnine U.S. But storage facilities at thosd plants are 85percent filled.
“Once we’re full, we can’t run our plantds anymore until there’s some demand for our said Sunderland, a member of the ’s . “Since the peak of our demanx in 2006 tothe trough, which we believe we’ll hit in late 2009 or early this will be, by far, the deepest declinre in demand for our producty since the Depression.”
Monday, November 21, 2011
Defense business gets on the radar with method for quantifying growth - Tampa Bay Business Journal:
gorbunovabowiper.blogspot.com
The PCE Florida Aerospacs & Defense Industry Index includes Florida-basex companies with a market valuebetween $1 million and $250 annual revenue of at least $500,000, and timely filings with the . Five of the 13 companied currently included in the indexd are from theBay area: (OTC BB: AACS) in (AMEX: AIM) in Clearwater; (OTC BB: in Clearwater; ( : TRCI) in Clearwater; and (OTC BB: in St. Petersburg. The new indezx is the seventh developedby , which is part of the Orlando-basexd PCE family of companies. It focuses on aerospace and defense because that sector is an important part of theFloridw economy, especially central Florida, said J. Clay who directs the indexes.
"These kinds of companies are a mainstay of the Florida Singleton said. "They don't get the attentio that or Disney do, and they'rre certainly not a household name, but there's a lot of them in Small companies, such as Aerosonic with a market cap ofabout $27.5 million, have a hard time attractinv analyst attention, said Mark executive VP of sales and marketingt at the aircraft instrument manufacturingy firm. He is among the executives who welcome the investor focus the indexcoulf bring. "It brings attention to what we'rse doing, and puts us in fronrt of people who may have not been aware of saidBilly Robinson, CEO of Cyber Defens e Systems.
Robinson said inclusion on any indedx is an honor for asmall micro-cap and may open opportunities for Cyber Defense, which designzs and develops unmanned air vehicles. Anything that helpws BlastGard's exposure with the military is welcomed, said Michaelo Gordon, CFO and VP of corporate administration at the which makes materials designed to mitigate the effects of explosionsw andsuppress fires. The index also will provid a window into the hundreds of privately held companies in the aerospace and defense industryin Florida, for which informationh is hard to come by, said Singleton, a financ professor at in Winter Park.
Many of thosre private companies in the Bay area are drawn by the presence of theat , said Michaep Langman, an aerospace and defenss industry specialist for , a sisterf company to PCE Indexes. The marketf performance of public companies provides a benchmarl forprivate firms, helping them determinre if the time is right to sell the compangy or make other major business decisions, Langman The aerospace and defense industry is cyclical but going well at this said Langman, who joined PCE about three monthz ago after working on mergers and acquisitionas for and for Although the new index was officially launched in mid-April, the companiea on it had a composite 9.
75 percen gain in value between 22-March 22. The business jet market is doing especially said Aerosonic's Perkins. "There are a lot of new aircraft cominb intothe marketplace, and small companies like ours have the opportunityy to bring new products Perkins said.
The PCE Florida Aerospacs & Defense Industry Index includes Florida-basex companies with a market valuebetween $1 million and $250 annual revenue of at least $500,000, and timely filings with the . Five of the 13 companied currently included in the indexd are from theBay area: (OTC BB: AACS) in (AMEX: AIM) in Clearwater; (OTC BB: in Clearwater; ( : TRCI) in Clearwater; and (OTC BB: in St. Petersburg. The new indezx is the seventh developedby , which is part of the Orlando-basexd PCE family of companies. It focuses on aerospace and defense because that sector is an important part of theFloridw economy, especially central Florida, said J. Clay who directs the indexes.
"These kinds of companies are a mainstay of the Florida Singleton said. "They don't get the attentio that or Disney do, and they'rre certainly not a household name, but there's a lot of them in Small companies, such as Aerosonic with a market cap ofabout $27.5 million, have a hard time attractinv analyst attention, said Mark executive VP of sales and marketingt at the aircraft instrument manufacturingy firm. He is among the executives who welcome the investor focus the indexcoulf bring. "It brings attention to what we'rse doing, and puts us in fronrt of people who may have not been aware of saidBilly Robinson, CEO of Cyber Defens e Systems.
Robinson said inclusion on any indedx is an honor for asmall micro-cap and may open opportunities for Cyber Defense, which designzs and develops unmanned air vehicles. Anything that helpws BlastGard's exposure with the military is welcomed, said Michaelo Gordon, CFO and VP of corporate administration at the which makes materials designed to mitigate the effects of explosionsw andsuppress fires. The index also will provid a window into the hundreds of privately held companies in the aerospace and defense industryin Florida, for which informationh is hard to come by, said Singleton, a financ professor at in Winter Park.
Many of thosre private companies in the Bay area are drawn by the presence of theat , said Michaep Langman, an aerospace and defenss industry specialist for , a sisterf company to PCE Indexes. The marketf performance of public companies provides a benchmarl forprivate firms, helping them determinre if the time is right to sell the compangy or make other major business decisions, Langman The aerospace and defense industry is cyclical but going well at this said Langman, who joined PCE about three monthz ago after working on mergers and acquisitionas for and for Although the new index was officially launched in mid-April, the companiea on it had a composite 9.
75 percen gain in value between 22-March 22. The business jet market is doing especially said Aerosonic's Perkins. "There are a lot of new aircraft cominb intothe marketplace, and small companies like ours have the opportunityy to bring new products Perkins said.
Saturday, November 19, 2011
Restaurateur Norman Brinker dies - Los Angeles Business from bizjournals:
judonebolayb1394.blogspot.com
Brinker passed away Monday nighyt leaving a legacy casual dining restaurants built on what Phil Romano callex a vision of developing the casualp dining restaurant concept where diners are treated not to fast foodor full-outy fine dining, but to a place wherr people can eat everyday. “One of Norman’sw biggest attributes was that he was a great leader anda cheerleader,” Romano said. “He would take people’ds talents and develop them beyond their grew into a restaurant compant that guided chainslike , On and Maggiano’s Littl Italy. Dallas-based Brinker (NYSE: EAT) in the past year sold the restaurantg chain created byPhil Romano: Romano’s Macaronj Grill.
Romano credits his friend Norman Brinker for taking his creative visionm and growing it into a majornationalp chain. “The industry is going to miss him,” Romank said. “Norman had the ability to take somethinh andgrow it. That’s his talent,” Romano adderd that Norman Brinker wasa “good man” who taughty him quite a bit about the restaurant industrh and also quite a bit about leadership.
Brinker passed away Monday nighyt leaving a legacy casual dining restaurants built on what Phil Romano callex a vision of developing the casualp dining restaurant concept where diners are treated not to fast foodor full-outy fine dining, but to a place wherr people can eat everyday. “One of Norman’sw biggest attributes was that he was a great leader anda cheerleader,” Romano said. “He would take people’ds talents and develop them beyond their grew into a restaurant compant that guided chainslike , On and Maggiano’s Littl Italy. Dallas-based Brinker (NYSE: EAT) in the past year sold the restaurantg chain created byPhil Romano: Romano’s Macaronj Grill.
Romano credits his friend Norman Brinker for taking his creative visionm and growing it into a majornationalp chain. “The industry is going to miss him,” Romank said. “Norman had the ability to take somethinh andgrow it. That’s his talent,” Romano adderd that Norman Brinker wasa “good man” who taughty him quite a bit about the restaurant industrh and also quite a bit about leadership.
Wednesday, November 16, 2011
Kansas approves first casino supplier - Wichita Business Journal:
vuwodu.wordpress.com
says Konami is the first company to applyg to become a gaming supplier understate regulations. The company was issued its temporar y certificationon Wednesday. “We are please d to receive the first of what we hope are many applicationds from slotmachine manufacturers,” said KRGC Executivee Director Stephen Martino, in a news release. State rulea require gaming suppliers to any ofthe state-owned casino to meet certain conditions before they can operater here. Among them, suppliers must be licensed or certifiex to do businessin Indiana, Iowa, Missouri and New They also must complete disclosure form s and submit to background Konami still must receive its permanentf certification.
Only suppliers of gaming equipment, such as slot tables and money-counting machines, must submiyt to the certification process, says Don director of administration forthe KRGC. Othet vendors, like for kitchen equipment orfood service, have fewerr requirements to meet. A casino currentlyh is under construction inDodge City, and proposals have been submittecd for facilities in Sumner and Wyandotte counties. A tota l of four casinos could be built in Kansas under a 2007 expandedgambling law.
says Konami is the first company to applyg to become a gaming supplier understate regulations. The company was issued its temporar y certificationon Wednesday. “We are please d to receive the first of what we hope are many applicationds from slotmachine manufacturers,” said KRGC Executivee Director Stephen Martino, in a news release. State rulea require gaming suppliers to any ofthe state-owned casino to meet certain conditions before they can operater here. Among them, suppliers must be licensed or certifiex to do businessin Indiana, Iowa, Missouri and New They also must complete disclosure form s and submit to background Konami still must receive its permanentf certification.
Only suppliers of gaming equipment, such as slot tables and money-counting machines, must submiyt to the certification process, says Don director of administration forthe KRGC. Othet vendors, like for kitchen equipment orfood service, have fewerr requirements to meet. A casino currentlyh is under construction inDodge City, and proposals have been submittecd for facilities in Sumner and Wyandotte counties. A tota l of four casinos could be built in Kansas under a 2007 expandedgambling law.
Monday, November 14, 2011
A runner can get thirsty during the race - Memphis Business Journal:
vittitowmehigyk1238.blogspot.com
But other stuff does seem to skip. For a male inherits whatever direction his hairline moves from his family genes, not his father’s. My son understand the science behind this, becauswe he studied a bit of biology and suchin college. His hairline is moving more rapidl y thanmine is, and he knowsz where it came from. A person’sa athletic ability, too, might be one of thosr that skipsa generation. I am slower than a barge moving upriver, while my son is a speed I heard that my fathert was pretty speedy as ayouth — he played quarterbaco in high school — and it seemws like he used to catch me a lot while I was growinbg up.
And my son obviously inherited spee d from someone otherthan myself. My son was always a good candidated to bea lead-off hitter because he could flat motort around the bases. And he could run down a fly ball in the In soccer, he seemed to run at full speexd on a constant So he’s no stranger to He’s all grown up now, but apparently still runs a lot pursuinh the same sports he did growinb up. And I heardx through the grapevine recentluy that he had enteredr aroad race, a 10K evenf called the Bolder Boulder in Colorado.
My wife told me that abouty 50,000 other people also entered this race, whicuh I found hard to But I checked out the Bolder Boulde r Web site and discovered that she wasabsolutelyy right. In fact, more than 53,0000 people registered to run inthis year’sz race, and almost 50,000 runnerx finished it. This Web site was chock full of information. I typer in my son’s name and it revealedc a lot of information abou t how he did inthe competition. No. 1, he did managed to finish the race. No. 2, he finishes in 27,380th place. And if that’as not impressive enough for you, he beat 22,3700 other people to the finisyh line.
A 10K is about six and this site also posted the mile markerd times ofeach runner. My son startedr out with a pairof 10-minute miles, slowes to about 12 minutew in mile three and crawled to 16 minutes in mile four. A lated conversation with him revealed the cause of this He stopped between mile three and mile four and drankia beer. Thatta boy. After the apparentlyy refreshing suds, he blistered the next mile in then resumed a more or less normal pace for the last legand 27,380tg place. He finished ahead of exactly 100 runnersx inhis division, which tells me that either they were not runnin as fast or they stopped more often for beer.
Judginyg from some of the photos I saw fromthis I’m leaning toward the latter. My son’s girlfriend finished in 27,971sft place, but ahead of more than 200 peopled inher division. And judging from her mile times, I believre she joined my son between miles threseand four. Some of my friend s and I once jokedthat we’d like to run the New York Marathonj someday. Our plan would be to run a littlde while, stop at a bar for a few then take a cab to drop us off closer to thefinish line. I think my son had the same idea, but he actuallh ran the race. He always was bettert than me insporting events.
But other stuff does seem to skip. For a male inherits whatever direction his hairline moves from his family genes, not his father’s. My son understand the science behind this, becauswe he studied a bit of biology and suchin college. His hairline is moving more rapidl y thanmine is, and he knowsz where it came from. A person’sa athletic ability, too, might be one of thosr that skipsa generation. I am slower than a barge moving upriver, while my son is a speed I heard that my fathert was pretty speedy as ayouth — he played quarterbaco in high school — and it seemws like he used to catch me a lot while I was growinbg up.
And my son obviously inherited spee d from someone otherthan myself. My son was always a good candidated to bea lead-off hitter because he could flat motort around the bases. And he could run down a fly ball in the In soccer, he seemed to run at full speexd on a constant So he’s no stranger to He’s all grown up now, but apparently still runs a lot pursuinh the same sports he did growinb up. And I heardx through the grapevine recentluy that he had enteredr aroad race, a 10K evenf called the Bolder Boulder in Colorado.
My wife told me that abouty 50,000 other people also entered this race, whicuh I found hard to But I checked out the Bolder Boulde r Web site and discovered that she wasabsolutelyy right. In fact, more than 53,0000 people registered to run inthis year’sz race, and almost 50,000 runnerx finished it. This Web site was chock full of information. I typer in my son’s name and it revealedc a lot of information abou t how he did inthe competition. No. 1, he did managed to finish the race. No. 2, he finishes in 27,380th place. And if that’as not impressive enough for you, he beat 22,3700 other people to the finisyh line.
A 10K is about six and this site also posted the mile markerd times ofeach runner. My son startedr out with a pairof 10-minute miles, slowes to about 12 minutew in mile three and crawled to 16 minutes in mile four. A lated conversation with him revealed the cause of this He stopped between mile three and mile four and drankia beer. Thatta boy. After the apparentlyy refreshing suds, he blistered the next mile in then resumed a more or less normal pace for the last legand 27,380tg place. He finished ahead of exactly 100 runnersx inhis division, which tells me that either they were not runnin as fast or they stopped more often for beer.
Judginyg from some of the photos I saw fromthis I’m leaning toward the latter. My son’s girlfriend finished in 27,971sft place, but ahead of more than 200 peopled inher division. And judging from her mile times, I believre she joined my son between miles threseand four. Some of my friend s and I once jokedthat we’d like to run the New York Marathonj someday. Our plan would be to run a littlde while, stop at a bar for a few then take a cab to drop us off closer to thefinish line. I think my son had the same idea, but he actuallh ran the race. He always was bettert than me insporting events.
Saturday, November 12, 2011
CU offering digital media program - Tampa Bay Business Journal:
glafirarynyxu.blogspot.com
CU will operate the program, called Boulder Digital Works, in partnershipp with the parent company of advertisinggiant , which moved many of its employeese from Miami to a new Boulder office in the past few The parent company is MDC Partners, a Toronto-based network of CU’s Division of Continuingh Education and Professional Studies will operatw the program, which will be open to medi professionals, community members and CU students. The Schoo of Journalism and Mass Communication, especially the advertisinv faculty, will handle the academicc management. Advertising professor David Slayden will serve asexecutivre director.
Sweden’s Hyper Island, a digital learning prograj in Europe, also will be a partner in the with student andfaculty exchanges. The program will start in the fall witha 60-week certificate prograkm in Digital Arts and Sciences. Applicationsz are due Aug. 15. Also, starting in late the school willoffer 36-hour immersion Executive Programz in digital fluency for working professionals. For more information, visitt http://bdw.colorado.edu.
CU will operate the program, called Boulder Digital Works, in partnershipp with the parent company of advertisinggiant , which moved many of its employeese from Miami to a new Boulder office in the past few The parent company is MDC Partners, a Toronto-based network of CU’s Division of Continuingh Education and Professional Studies will operatw the program, which will be open to medi professionals, community members and CU students. The Schoo of Journalism and Mass Communication, especially the advertisinv faculty, will handle the academicc management. Advertising professor David Slayden will serve asexecutivre director.
Sweden’s Hyper Island, a digital learning prograj in Europe, also will be a partner in the with student andfaculty exchanges. The program will start in the fall witha 60-week certificate prograkm in Digital Arts and Sciences. Applicationsz are due Aug. 15. Also, starting in late the school willoffer 36-hour immersion Executive Programz in digital fluency for working professionals. For more information, visitt http://bdw.colorado.edu.
Thursday, November 10, 2011
Abramson
disadvantage-unlimited.blogspot.com
The budget, which would fund Louisville-Jefferson County Metrko Government’s operation from July 1 throughJune 30, 2010, also suspendws nonessential government services and furloughds city workers for four as-yet-undetermined days. Other cost-savin moves include the extension of a salary freezes for all nonunion city a temporary reduction in the frequency of streetf sweeping and junkcollection services, and a hold on salaries for the mayof and his top executiv e team. Union workers, including police officers, will continue to get scheduledspay raises. Abramson and his top administrators took a 5 perceny pay cut in the currenyfiscal year.
The reductions were part of a series of cuts Abramson announcedr in December to offseta $20 million deficit in the fiscao 2009 city budget. In a Wednesday Abramson said the combinationh of thenationwide recession, the state budgetf shortfall and near double-digit unemployment have createf “a double and triple whammy” for Louisville. Rising costsz and declining revenue have made it necessaryto “tighten our belts one more the mayor said. The proposed budget preservea basic services and doesn’t raise taxes. But revenuwe for its general fund, the portion of the budgetr that pays forthe city’s operations, is estimated at $485 millioh for fiscal 2010.
That would be down from a projecte $492.1 million in general-fun d revenue for the fiscal year that endsJune 30. The 2010 budget includes cuts of 10 percent to 15 percenr in the allocation for most agencies that receive funding from the Thatincludes , the metro chamber of commerce, which will receive $1.05 million, a 10 percentt decrease from last year, according to city Despite its many negativd implications, there is a positive dimension to Abramson’s spendinh plan. It includes more than $100 millionn this year from federal, stater and private sources that will be used to pay forcapitall projects. Nearly $58.
2 million of that moneuy is coming directly from the American Recovery and Reinvestmeny Actof 2009. That and othetr funding related to the federal stimulus package is expectef to create or retainhabout 3,000 private-sector jobs in Louisville through investments in roads, public housing and parks, according to city Abramson was set to introduce his budget proposal for fiscakl 2010 during a special Thursdah meeting of the Louisville Metrl Council. The meeting was scheduled aftetBusiness First’s press deadline, but the newspaper was provided with a summaru and highlights of the spendinb plan in advance.
Businesss First agreed not to contact Metro Councilp members before they received details of the proposed budget fromthe mayor. The council, by law, must approver the budget before the endof June. City work forcr cut by 1,600 since merger City workers who will lose thei r jobs were scheduled to benotified yesterday. Layoffz will be completed by July 1. Most of the job cuts are supporgt staff inthe city’s neighborhoods, housing and family services, human resources and information-technology according to Chad Carlton, Abramson’s communications Substantial job losses also are expected in the city’ws economic development department, according to its Bruce Traughber, although he declined to disclose a The recommendation for the economid development department’s budget has been reduced to $7.
5 millionj for fiscal 2010, compared with $9.2 million for the currentg fiscal year. “We will lose a significantf number of professionalstaff members,” Traughber “It will impact our ability to continure our retail outreach. We will continue as best as we City workers who lose theirr jobs will be included ina “talenft pool” of former employeesw who are the first people considered when city positione become open, Carlton said.
The budget, which would fund Louisville-Jefferson County Metrko Government’s operation from July 1 throughJune 30, 2010, also suspendws nonessential government services and furloughds city workers for four as-yet-undetermined days. Other cost-savin moves include the extension of a salary freezes for all nonunion city a temporary reduction in the frequency of streetf sweeping and junkcollection services, and a hold on salaries for the mayof and his top executiv e team. Union workers, including police officers, will continue to get scheduledspay raises. Abramson and his top administrators took a 5 perceny pay cut in the currenyfiscal year.
The reductions were part of a series of cuts Abramson announcedr in December to offseta $20 million deficit in the fiscao 2009 city budget. In a Wednesday Abramson said the combinationh of thenationwide recession, the state budgetf shortfall and near double-digit unemployment have createf “a double and triple whammy” for Louisville. Rising costsz and declining revenue have made it necessaryto “tighten our belts one more the mayor said. The proposed budget preservea basic services and doesn’t raise taxes. But revenuwe for its general fund, the portion of the budgetr that pays forthe city’s operations, is estimated at $485 millioh for fiscal 2010.
That would be down from a projecte $492.1 million in general-fun d revenue for the fiscal year that endsJune 30. The 2010 budget includes cuts of 10 percent to 15 percenr in the allocation for most agencies that receive funding from the Thatincludes , the metro chamber of commerce, which will receive $1.05 million, a 10 percentt decrease from last year, according to city Despite its many negativd implications, there is a positive dimension to Abramson’s spendinh plan. It includes more than $100 millionn this year from federal, stater and private sources that will be used to pay forcapitall projects. Nearly $58.
2 million of that moneuy is coming directly from the American Recovery and Reinvestmeny Actof 2009. That and othetr funding related to the federal stimulus package is expectef to create or retainhabout 3,000 private-sector jobs in Louisville through investments in roads, public housing and parks, according to city Abramson was set to introduce his budget proposal for fiscakl 2010 during a special Thursdah meeting of the Louisville Metrl Council. The meeting was scheduled aftetBusiness First’s press deadline, but the newspaper was provided with a summaru and highlights of the spendinb plan in advance.
Businesss First agreed not to contact Metro Councilp members before they received details of the proposed budget fromthe mayor. The council, by law, must approver the budget before the endof June. City work forcr cut by 1,600 since merger City workers who will lose thei r jobs were scheduled to benotified yesterday. Layoffz will be completed by July 1. Most of the job cuts are supporgt staff inthe city’s neighborhoods, housing and family services, human resources and information-technology according to Chad Carlton, Abramson’s communications Substantial job losses also are expected in the city’ws economic development department, according to its Bruce Traughber, although he declined to disclose a The recommendation for the economid development department’s budget has been reduced to $7.
5 millionj for fiscal 2010, compared with $9.2 million for the currentg fiscal year. “We will lose a significantf number of professionalstaff members,” Traughber “It will impact our ability to continure our retail outreach. We will continue as best as we City workers who lose theirr jobs will be included ina “talenft pool” of former employeesw who are the first people considered when city positione become open, Carlton said.
Tuesday, November 8, 2011
Kansas City lawyers sue big New York firm for $4B in insurer
inofiquxi.wordpress.com
The 42-page complaint said the 1,400-lawyerf firm gave General American bad advics during a liquidity crisis in 1999 and then implorede the company to entertain a discoun t buyout offerfrom MetLife, which the firm representesd in other matters at the same Rick Lombardo, partner with Shaffer Lombard Shurin, said the lawsuit is the latest in severapl emanating from the demise of General American, whichb once employed 4,000 people. Previous lawsuitxs against , KPMG and Morganj Stanley have settledfor $244 million. “I thinok that as time has gone onand we’vd looked at millions of documents that we learned things as we went Lombardo said.
Dewey LeBoeuf spokesman Angelo Kakolyris rejectedthe lawsuit’s claims. It make s “profoundly erroneous misstatementsof fact” and is “a misguided attemp by a liquidator to attracft media attention,” he said in a writtebn statement. The lawsuit alleged that Dewet & LeBoeuf counseled the company to entet into administrative supervision withthe state, with the understandinbg that the move would be a temporargy reprieve. Ben Schmitt, an insurance defense lawyerf with , said companies in administrativer supervisiontypically don’t come out unless they’rwe sold to a third party.
“Administration supervision happend when the corporation is no longere solventor stable,” Schmitt said. “The statr assumes directorship of the insurancecompany ... and the whols process is to wind down the insurance General American sold to MetLifefor $1.2 which the lawsuit claims was a “substantiallgy discounted sum.”
The 42-page complaint said the 1,400-lawyerf firm gave General American bad advics during a liquidity crisis in 1999 and then implorede the company to entertain a discoun t buyout offerfrom MetLife, which the firm representesd in other matters at the same Rick Lombardo, partner with Shaffer Lombard Shurin, said the lawsuit is the latest in severapl emanating from the demise of General American, whichb once employed 4,000 people. Previous lawsuitxs against , KPMG and Morganj Stanley have settledfor $244 million. “I thinok that as time has gone onand we’vd looked at millions of documents that we learned things as we went Lombardo said.
Dewey LeBoeuf spokesman Angelo Kakolyris rejectedthe lawsuit’s claims. It make s “profoundly erroneous misstatementsof fact” and is “a misguided attemp by a liquidator to attracft media attention,” he said in a writtebn statement. The lawsuit alleged that Dewet & LeBoeuf counseled the company to entet into administrative supervision withthe state, with the understandinbg that the move would be a temporargy reprieve. Ben Schmitt, an insurance defense lawyerf with , said companies in administrativer supervisiontypically don’t come out unless they’rwe sold to a third party.
“Administration supervision happend when the corporation is no longere solventor stable,” Schmitt said. “The statr assumes directorship of the insurancecompany ... and the whols process is to wind down the insurance General American sold to MetLifefor $1.2 which the lawsuit claims was a “substantiallgy discounted sum.”
Sunday, November 6, 2011
Oil and gas regulatory war heating up in Colorado - Real Aspen
zuloraxelewo.blogspot.com
Real Aspen | Oil and gas regulatory war heating up in Colorado Real Aspen Counties across Colorado are gearing up for the next major oil and gas boom, scrambling to draft local regulations for everything from visual impacts to physical setbacks of drilling equipment. But state officials are increasingly ... |
Friday, November 4, 2011
Councils have mounted millions of snooping operations in past decade, finds report - Telegraph.co.uk
adatynu.wordpress.com
Daily Mail | Councils have mounted millions of snooping operations in past decade, finds report Telegraph.co.uk The list of cases includes a council which spied on a family to make sure they were not cheating on school catchment area regulations, and scores of households suspected of flouting bin rules. Campaigners warned that plans to curb council snooping do ... Big Brother's THREE MILLION targets: Massive surge in intrusive surveillance ... Overhaul of snooping laws demanded Law against phone hacking is not working, says civil liberties group |
Tuesday, November 1, 2011
Quiksilver secures $150M term loan, posts 2Q profit - Wichita Business Journal:
bertayfybuqutyp.blogspot.com
The Huntington Beach companu (NYSE: ZQK) also posted second-quarter earningxs of $2.8 million. The five-yeart term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its banking relationships. As part of the terms of the loan, Quiksilve will name a pair of Rhone appointeexs to its boardof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 millioj facility led by and .
The compangy is also in discussions with its French banking partners to consolidatew its European debts into anew multi-year In the company's earnings report, the company swung to profitabilityt in the second quarter, posting the earnings of 2 centsd a share, which included several one-time items. Without the the earnings per share woul d have been 5 centsa share. Analysg estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494.2q million. In the secons quarter a year ago, the companty lost $206.2 million, or $1.599 a share, on sales of $596.3 million. That quarter included lossee of $244.9 million from discontinuedx operations.
Quiksilver is an apparel and accessoriesw company. Its core brands are Roxy and DC. A renewed focus on thos core brands are the focus ofthe company's long-terkm plan to improve profits.
The Huntington Beach companu (NYSE: ZQK) also posted second-quarter earningxs of $2.8 million. The five-yeart term loan with private-equity firm Rhone was made to improved Quiksilver's liquidity and solidify its banking relationships. As part of the terms of the loan, Quiksilve will name a pair of Rhone appointeexs to its boardof directors. Quiksilver also refinanced its credift facility with anew three-year, $200 millioj facility led by and .
The compangy is also in discussions with its French banking partners to consolidatew its European debts into anew multi-year In the company's earnings report, the company swung to profitabilityt in the second quarter, posting the earnings of 2 centsd a share, which included several one-time items. Without the the earnings per share woul d have been 5 centsa share. Analysg estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, coming in at $494.2q million. In the secons quarter a year ago, the companty lost $206.2 million, or $1.599 a share, on sales of $596.3 million. That quarter included lossee of $244.9 million from discontinuedx operations.
Quiksilver is an apparel and accessoriesw company. Its core brands are Roxy and DC. A renewed focus on thos core brands are the focus ofthe company's long-terkm plan to improve profits.
Sunday, October 30, 2011
New Web portal to streamline stimulus spending reports - Business First of Columbus:
mozybyd.wordpress.com
This, in turn, will enable the federa government to providecitizens “with an unprecedented level of detail into how thei tax dollars are being spent,” said Petet Orszag, director of the . “People will be able to see who isreceivingf funds, what projects are under way, how moneyh is being spent, and how many jobs are being createdc or saved,” he said. The Obama administrationm promised this level of transparency when the American Recoveryy and Reinvestment Act of 2009 was butits Recovery.
gov Web site so far has failed to meet that Under new guidance issued by OMB, prime recipients of stimulus fundinyg must provide quarterly reports via on total fundxs received and spent; names of organizations assisting with a projec and the amount paid to that organization; a list of including location and completio n timelines; and jobs associated with each The site is expected to be available for the quarterly reporft due Oct. 10.
This, in turn, will enable the federa government to providecitizens “with an unprecedented level of detail into how thei tax dollars are being spent,” said Petet Orszag, director of the . “People will be able to see who isreceivingf funds, what projects are under way, how moneyh is being spent, and how many jobs are being createdc or saved,” he said. The Obama administrationm promised this level of transparency when the American Recoveryy and Reinvestment Act of 2009 was butits Recovery.
gov Web site so far has failed to meet that Under new guidance issued by OMB, prime recipients of stimulus fundinyg must provide quarterly reports via on total fundxs received and spent; names of organizations assisting with a projec and the amount paid to that organization; a list of including location and completio n timelines; and jobs associated with each The site is expected to be available for the quarterly reporft due Oct. 10.
Friday, October 28, 2011
Wednesday, October 26, 2011
Burn Ban Renewed, Bids Accepted - The Llano News
wilhelminadora4287.blogspot.com
Burn Ban Renewed, Bids Accepted The Llano News Llano County Commissioners agreed to renew the expiring Burn Ban at Monday's meeting. The original burn ban was set to expire on Monday, October 24, but due to no change in the dry conditions, the commissioners agreed that the best ... |
Monday, October 24, 2011
As stimulus money is doled out, contractors search for bonding - Puget Sound Business Journal (Seattle):
adatynu.wordpress.com
This is particularly true for womeb and minoritybusiness owners, who have facedr splotchy access to bonding “It’s been a historical problem in our said Marc Little, president and CEO of the Minority & Women Educational Labor Agencg in Lawrenceville. And sincer the stimulus bill passedxin February, demand for the organization’sx bond program has markedly increased, he said. MWELA offersz bid, payment and performance bondxs to companies in its Sheltered Bond program, which turns two yearss old in July. During that time, 11 contractors have receiver morethan $11 million in bonds from the agency for work on 46 differentg projects.
As part of the contractors have to spend five hoursa a month for six monthse at a business development class through Universitygof Pittsburgh’s Institute for Entrepreneurial The average surety bond is arouned $300,000 to $400,000, but the agency can go up to $1 millionm per project per company. For projecta larger than that, there is the Small Busines Administration’s bond program, recently enhanced by the Recoverty Act to help contractors bidding on projects upto $5 The previous limit was $2 million.
For companied bidding on federalstimulus projects, the SBA can guaranted bonding up to $10 But bonding success often isn’yt enough to get the job done, said Carl district director for the Small Business Administration’z Pittsburgh office. “The challenge is they may be able to get but they may not be able to get the he said. Bonds guarantee that a thirc party will compensate the owner thegovernment agency, in the case of stimuluw projects — if the contractor doesn’t perform, for whatever reason.
Many bondesd companies, especially the smaller ones, stilp need a line of credit to hire employeese and buy materials to carry outgovernmentg projects, which don’t provide up-front cash. “When lendersx already are not lending, even if it’sw assured and it’s bonded” it may not be Knoblock warned.
This is particularly true for womeb and minoritybusiness owners, who have facedr splotchy access to bonding “It’s been a historical problem in our said Marc Little, president and CEO of the Minority & Women Educational Labor Agencg in Lawrenceville. And sincer the stimulus bill passedxin February, demand for the organization’sx bond program has markedly increased, he said. MWELA offersz bid, payment and performance bondxs to companies in its Sheltered Bond program, which turns two yearss old in July. During that time, 11 contractors have receiver morethan $11 million in bonds from the agency for work on 46 differentg projects.
As part of the contractors have to spend five hoursa a month for six monthse at a business development class through Universitygof Pittsburgh’s Institute for Entrepreneurial The average surety bond is arouned $300,000 to $400,000, but the agency can go up to $1 millionm per project per company. For projecta larger than that, there is the Small Busines Administration’s bond program, recently enhanced by the Recoverty Act to help contractors bidding on projects upto $5 The previous limit was $2 million.
For companied bidding on federalstimulus projects, the SBA can guaranted bonding up to $10 But bonding success often isn’yt enough to get the job done, said Carl district director for the Small Business Administration’z Pittsburgh office. “The challenge is they may be able to get but they may not be able to get the he said. Bonds guarantee that a thirc party will compensate the owner thegovernment agency, in the case of stimuluw projects — if the contractor doesn’t perform, for whatever reason.
Many bondesd companies, especially the smaller ones, stilp need a line of credit to hire employeese and buy materials to carry outgovernmentg projects, which don’t provide up-front cash. “When lendersx already are not lending, even if it’sw assured and it’s bonded” it may not be Knoblock warned.
Saturday, October 22, 2011
Wachovia seeks foreclosure on 49-acre site - South Florida Business Journal:
buluhofuce.wordpress.com
The property is part of Mandarinj Lakes, a planned 200-acre traditionao neighborhood developmentof 1,50p0 homes and a village cented split among several builders. The undevelopef piece that faces foreclosure is owned by an affiliatdeof Tempe, Ariz.-based Coronado On May 22, Wachovia filed the foreclosure action in Miami-Dads County Circuit Court against Coronado West, affiliate CW Capital Fund One and Coronadi West President John E. Cork. The lawsuit also named , a nationwidr builder that had an option to purchasethe 49-acrr site from CW Capital Fund One. D.R. Hortoh is one of the builders on another part ofMandarinm Lakes, Cork said in a phonr interview.
The lawsuit is basefd on a mortgage that was last modified in 2007at $6.8 The property is at the cornef of Naranja Lakes Boulevard and Southwesy 145th Avenue in Naranja. Cork said he is tryinyg to negotiate a settlement with Wachovia on the which expired before he couldpay it. He said D.R. Hortonm did not use its option to buythe land. His compant has not started construction onthe site. Jacksonville attorney Harry M. Wilson III, who represents Wachoviw in the lawsuit, did not immediatel return a callseeking comment.
The property is part of Mandarinj Lakes, a planned 200-acre traditionao neighborhood developmentof 1,50p0 homes and a village cented split among several builders. The undevelopef piece that faces foreclosure is owned by an affiliatdeof Tempe, Ariz.-based Coronado On May 22, Wachovia filed the foreclosure action in Miami-Dads County Circuit Court against Coronado West, affiliate CW Capital Fund One and Coronadi West President John E. Cork. The lawsuit also named , a nationwidr builder that had an option to purchasethe 49-acrr site from CW Capital Fund One. D.R. Hortoh is one of the builders on another part ofMandarinm Lakes, Cork said in a phonr interview.
The lawsuit is basefd on a mortgage that was last modified in 2007at $6.8 The property is at the cornef of Naranja Lakes Boulevard and Southwesy 145th Avenue in Naranja. Cork said he is tryinyg to negotiate a settlement with Wachovia on the which expired before he couldpay it. He said D.R. Hortonm did not use its option to buythe land. His compant has not started construction onthe site. Jacksonville attorney Harry M. Wilson III, who represents Wachoviw in the lawsuit, did not immediatel return a callseeking comment.
Wednesday, October 19, 2011
Cordray pans Chrysler sale over dealer worries - Nashville Business Journal:
karnergetajequ1416.blogspot.com
Attorney General Richard Cordray and officialsz from nine other states filee a limited objection and statemenf in support of auto dealers this week in of New Attorneys general argued thesale shouldn’ft allow the automaker to escapse requirements of state laws, including thosw pertaining to the termination of dealership agreements. “Onn less than 30 days’ notice, Chrysler proposes to rejec dozens of dealer agreements in Cordray said ina release. “Somse consideration should be given tothose dealers, and Chryslerf shouldn’t be allowed to disregard its obligationzs under Ohio law.
” Chrysler’s move to cut 789 dealershipx from its network in and around Centrak Ohio, including Spitzer Dodge of Columbus and Byers Dublibn Dodge. Automotive News reportede this week that a Bankruptcy Court hearing has been set for June 3on Chrysler’ds move to revoke the Cordray previously has filed objectionsa to the sale over the effects that Chrysler’xs deal to emerge as a new company underf a partnership with Italian automaker Fiat could have on Ohio’w Lemon Law and its workers’ compensation system. Cordrat said attorneys from Ohio and other statezs are negotiating withAuburn Hills, Mich.-based Chrysler on both issues.
Attorney General Richard Cordray and officialsz from nine other states filee a limited objection and statemenf in support of auto dealers this week in of New Attorneys general argued thesale shouldn’ft allow the automaker to escapse requirements of state laws, including thosw pertaining to the termination of dealership agreements. “Onn less than 30 days’ notice, Chrysler proposes to rejec dozens of dealer agreements in Cordray said ina release. “Somse consideration should be given tothose dealers, and Chryslerf shouldn’t be allowed to disregard its obligationzs under Ohio law.
” Chrysler’s move to cut 789 dealershipx from its network in and around Centrak Ohio, including Spitzer Dodge of Columbus and Byers Dublibn Dodge. Automotive News reportede this week that a Bankruptcy Court hearing has been set for June 3on Chrysler’ds move to revoke the Cordray previously has filed objectionsa to the sale over the effects that Chrysler’xs deal to emerge as a new company underf a partnership with Italian automaker Fiat could have on Ohio’w Lemon Law and its workers’ compensation system. Cordrat said attorneys from Ohio and other statezs are negotiating withAuburn Hills, Mich.-based Chrysler on both issues.
Monday, October 17, 2011
$200M venture proposed for N.F., Ont. - Minneapolis / St. Paul Business Journal:
inufyw.blogspot.com
In a plan that’s been working its way througgh theCanadian city’s municipal departments since late last year, prominent hoteliedr and developer Tony Zappitelli and his company, has unveiledr plans for three high-rise hotels along Stanley The tallest of the three towers could be with a 42-story and 32-story hotel also in the mix. Condominiumse or apartments may replace some of the hotel rooms, depending on future developments, Zappitelli said. Zappitellk pegged the total development costat “anywhere between $200 million and $300 The project will be privately funded.
The Niagara Fallss Common Council agreed to permithe development, but several othert municipal approvals are also neede before construction can begin. Work could startf by later this year orearly 2010. The 7.4-acre Stanleh Avenue site is part of the Lorettko Christian Life Centre campus that Romzapp acquired threeyears ago. The portionws of the historic, 148-year-old religious cente will remain as part of the agreement Zappitelli crafte with Niagara Falls The Loretto property is just southn of the proposed development The site is near the Niagara Falls Conventiohn and CivicCentre that’s under constructio and due to open in Apriol 2011 and less than one-half mile from the Hilton and Niagaras Fallsview Casino Resort.
The project will add several hundred hotel rooma toNiagara Falls’ stock of more than 14,00p0 hotel rooms. Niagara Falls has the third most numbefr of hotel roomsin Canada, trailing only Toronto and Vancouver.
In a plan that’s been working its way througgh theCanadian city’s municipal departments since late last year, prominent hoteliedr and developer Tony Zappitelli and his company, has unveiledr plans for three high-rise hotels along Stanley The tallest of the three towers could be with a 42-story and 32-story hotel also in the mix. Condominiumse or apartments may replace some of the hotel rooms, depending on future developments, Zappitelli said. Zappitellk pegged the total development costat “anywhere between $200 million and $300 The project will be privately funded.
The Niagara Fallss Common Council agreed to permithe development, but several othert municipal approvals are also neede before construction can begin. Work could startf by later this year orearly 2010. The 7.4-acre Stanleh Avenue site is part of the Lorettko Christian Life Centre campus that Romzapp acquired threeyears ago. The portionws of the historic, 148-year-old religious cente will remain as part of the agreement Zappitelli crafte with Niagara Falls The Loretto property is just southn of the proposed development The site is near the Niagara Falls Conventiohn and CivicCentre that’s under constructio and due to open in Apriol 2011 and less than one-half mile from the Hilton and Niagaras Fallsview Casino Resort.
The project will add several hundred hotel rooma toNiagara Falls’ stock of more than 14,00p0 hotel rooms. Niagara Falls has the third most numbefr of hotel roomsin Canada, trailing only Toronto and Vancouver.
Saturday, October 15, 2011
Biogen Idec, Inc. Company Profile | BIIB Company Information
ebopotohy.wordpress.com
Biogen Idec creates new standards of care in therapeuti c areas with high unmet medical Foundedin 1978, Biogej Idec is a global leader in the development, manufacturing and commercialization of innovative therapies. Patients in more than 90 countriexs benefit fromBiogen Idec's significant products that address diseasesa such as multiple sclerosis (MS), lymphomaa and rheumatoid arthritis. In 2008, Biogen Idec'w total revenues grew 29 percent over 2007to $4.
1 Currently, the company markets three major therapiew and its product development pipeline includes 20 product in Phase 2 clinical trials and Our major products include TYSABRo (natalizumab), the most recently approved treatment for relapsing formes of MS; AVONEX (Interferon beta-1a), the No. 1 prescribedd therapy for relapsing forms of MS andRITUXAN (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketede for the first time in 2006 for rheumatoid AVONEX and RITUXAN have for years ranked amongb the top 10 biotechnologty products sold globally.
In recent we also have leveraged our core capabilitiews to expand development into promising new therapeutic such as cardiovascular diseaseand hemophilia. Biogen Idec is headquarteredf in Cambridge, Massachusetts, with international headquartersin Zug, We have additional offices in the Canada, Australia, Japan and throughoutr Europe. ...
Biogen Idec creates new standards of care in therapeuti c areas with high unmet medical Foundedin 1978, Biogej Idec is a global leader in the development, manufacturing and commercialization of innovative therapies. Patients in more than 90 countriexs benefit fromBiogen Idec's significant products that address diseasesa such as multiple sclerosis (MS), lymphomaa and rheumatoid arthritis. In 2008, Biogen Idec'w total revenues grew 29 percent over 2007to $4.
1 Currently, the company markets three major therapiew and its product development pipeline includes 20 product in Phase 2 clinical trials and Our major products include TYSABRo (natalizumab), the most recently approved treatment for relapsing formes of MS; AVONEX (Interferon beta-1a), the No. 1 prescribedd therapy for relapsing forms of MS andRITUXAN (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketede for the first time in 2006 for rheumatoid AVONEX and RITUXAN have for years ranked amongb the top 10 biotechnologty products sold globally.
In recent we also have leveraged our core capabilitiews to expand development into promising new therapeutic such as cardiovascular diseaseand hemophilia. Biogen Idec is headquarteredf in Cambridge, Massachusetts, with international headquartersin Zug, We have additional offices in the Canada, Australia, Japan and throughoutr Europe. ...
Thursday, October 13, 2011
Storm death toll rises to 8 in Philippines - Straits Times
ihituvofy.wordpress.com
Boston Globe | Storm death toll rises to 8 in Philippines Straits Times MANILA (AFP) - The death toll from tropical storm Banyan rose to eight on Thursday and two people were missing, in the latest disaster to hit the typhoon-ravaged Philippines, the government said. Most victims drowned while one man was blown off a ... Stormy weather in Philippines leaves 8 dead, forces thousands to flee from ... |
Tuesday, October 11, 2011
Significant Strength Remains Visible On Wall Street - U.S. Commentary - RTT News
balamatovaegede.blogspot.com
Significant Strength Remains Visible On Wall Street - U.S. Commentary RTT News Significant strength also remains visible among steel stocks, as reflected by the 4.8 percent gain being posted by the NYSE Arca Steel Index. Energy stocks are also holding on to strong gains, benefiting from a nearly $3 a barrel increase by the price ... |
Sunday, October 9, 2011
LarsonAllen to acquire accounting firm Cronstrom, Osuch & Co. PC - Phoenix Business Journal:
qiguzewy.wordpress.com
“This acquisition enhances our commitment toindustry specialization,” said Principalk Jon Gale, who runs Larson-Allen’ Phoenix office. LarsonAllen has major resourced devoted tothese sectors, which comprise its second-largesgt business line, behind health care. Cronstrom Osuchj specializes in auditing services fornonprofit organizations, governmenf entities and school Since its launch 22 years ago, the firm has grown to represeny more than 130 clients in Principal Dennis Osuch said the firms were in discussionxs for more than a year aftefr LarsonAllen contacted them.
“We had never thoughg about being acquired or merging with anyothefr firm,” said Osuch, but “it was good All 14 employees of Cronstrom Osuch will relocate to LarsonAllen’e Mesa office. The three principalxs will retain their positions and LarsonAllen has searchedfor industry-specific acquisitionds since entering the Phoenix market in 2005 with its purchasde of Hopkins Parker. A year later, it acquired Gale and McLaren LLP, a Mesa firm that caterefd to real estate and andthe Scottsdale-based O’Connor Group, which boosted its health banking, real estate and dealership lines. In October the firm acquired Tempe-based Skinner Tameron & Co.
, which focusede on real estate, manufacturing, wholesalera and retailers. Those deals have built LarsonAlleh from a small outfit to a midsizee firm to compete inthis region’ws fragmented accounting market, led by the Big Four in publidc accounting: KPMG International, PricewaterhouseCoopers, Ernst Young LLP and Deloitte & Touche. “We’re going to be very strategidcgoing forward,” Gale said.
Financia details of the transaction, expecte to finalize June 1, were not
“This acquisition enhances our commitment toindustry specialization,” said Principalk Jon Gale, who runs Larson-Allen’ Phoenix office. LarsonAllen has major resourced devoted tothese sectors, which comprise its second-largesgt business line, behind health care. Cronstrom Osuchj specializes in auditing services fornonprofit organizations, governmenf entities and school Since its launch 22 years ago, the firm has grown to represeny more than 130 clients in Principal Dennis Osuch said the firms were in discussionxs for more than a year aftefr LarsonAllen contacted them.
“We had never thoughg about being acquired or merging with anyothefr firm,” said Osuch, but “it was good All 14 employees of Cronstrom Osuch will relocate to LarsonAllen’e Mesa office. The three principalxs will retain their positions and LarsonAllen has searchedfor industry-specific acquisitionds since entering the Phoenix market in 2005 with its purchasde of Hopkins Parker. A year later, it acquired Gale and McLaren LLP, a Mesa firm that caterefd to real estate and andthe Scottsdale-based O’Connor Group, which boosted its health banking, real estate and dealership lines. In October the firm acquired Tempe-based Skinner Tameron & Co.
, which focusede on real estate, manufacturing, wholesalera and retailers. Those deals have built LarsonAlleh from a small outfit to a midsizee firm to compete inthis region’ws fragmented accounting market, led by the Big Four in publidc accounting: KPMG International, PricewaterhouseCoopers, Ernst Young LLP and Deloitte & Touche. “We’re going to be very strategidcgoing forward,” Gale said.
Financia details of the transaction, expecte to finalize June 1, were not
Thursday, October 6, 2011
LightSquared's Impact on Small Business Explored in Hearing - GPS World magazine
http://right-on-target.com/traditional-archery.html
LightSquared's Impact on Small Business Explored in Hearing GPS World magazine On Wednesday, October 12, at 1 pm, the House Committee on Small Business will conduct a hearing titled "LightSquared: The Impact to Small Business GPS Users." The hearing will take place in room 2360 of the Rayburn House Office Building. ... |
Tuesday, October 4, 2011
WES Crosses Critical Technical Indicator - Forbes
hyhekim.wordpress.com
WES Crosses Critical Technical Indicator Forbes We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. ... |
Sunday, October 2, 2011
Covad enters agreement with AOL to provide broadband services - San Francisco Business Times:
raisavydyexuwowi.blogspot.com
Both companies have a presence in Jacksonvillee and made theannouncement Thursday. AOL will now have accesse to Covad's nationwide which currently covers more than 40million U.S. homesa and businesses and includes service in 94 of the top Metropolitanb Statistical Areas across the United Asa result, the agreement will increase the numbee of options available to AOL in offeringv broadband services to its members. "The addition of America Online as a wholesals partner enhances our distributiojn channel enabling us to provide services to the largest Internet service provider in the saidCharles E. Hoffman, Covad CEO and president.
"Iy also gives America Online the flexibility and scalability of a national resource for their millions of customers who want to upgrade from dial-up to a high-speed, always on broadbancd connection." In addition, Covad issued warrants to America Online to purchase a total of 3.5 millionb shares of Covad common stock, whicj is equal to about 1.5 percent of Covad'sx currently outstanding common stock. America Onliner will have the option topurchase Covad's common stock at exercisw prices ranging from $1.06 to $5. Covadf has determined that the warrants have an aggregated estimated value ofabout $3.5 million.
Covad expecta to record this valuee as a deferred customere incentive and charge it against revenuw over the term of theservicew agreement.
Both companies have a presence in Jacksonvillee and made theannouncement Thursday. AOL will now have accesse to Covad's nationwide which currently covers more than 40million U.S. homesa and businesses and includes service in 94 of the top Metropolitanb Statistical Areas across the United Asa result, the agreement will increase the numbee of options available to AOL in offeringv broadband services to its members. "The addition of America Online as a wholesals partner enhances our distributiojn channel enabling us to provide services to the largest Internet service provider in the saidCharles E. Hoffman, Covad CEO and president.
"Iy also gives America Online the flexibility and scalability of a national resource for their millions of customers who want to upgrade from dial-up to a high-speed, always on broadbancd connection." In addition, Covad issued warrants to America Online to purchase a total of 3.5 millionb shares of Covad common stock, whicj is equal to about 1.5 percent of Covad'sx currently outstanding common stock. America Onliner will have the option topurchase Covad's common stock at exercisw prices ranging from $1.06 to $5. Covadf has determined that the warrants have an aggregated estimated value ofabout $3.5 million.
Covad expecta to record this valuee as a deferred customere incentive and charge it against revenuw over the term of theservicew agreement.
Friday, September 30, 2011
Michael Irvin sued over "Fourth and Long" reality show - Baltimore Business Journal:
antoninahubihe.blogspot.com
Jordan Bealmear of Thermal, Calif., and Shannonh Clark and Christopher Harding, both of Louisville, Ky., allegse Michael Irvin’s reality show “Fourtyh and Long” is thei idea with a new The plaintiffs in a lawsuit filed in Dallas County accuse Irvinof fraud, fraudd by nondisclosure, breach of contract and unjust Larry Friedman, Michael Irvin's attorney, told the Dallaws Business Journal Wednesday that the lawsuigt is completely bogus and without Friedman said Irvin met with the plaintiffs, and they had no businesse cards, no company, no stationery and worked outsidee the industry without substantial Friedman added that a lot of people in the entertainmen industry were throwing the same show concept around and Michaeol had the concept and was lookingv for a producer.
When asked who calledf the initial meeting betweenthe parties, Friedmanm said he didn't know who invited who to the In response, the attorney for the plaintiffs, Mark Taylor of Dallas, told the DBJ that the issuse is not whether the idea for the show was but whether Michael agreed to entedr into a deal and then renegef on the terms of the The plaintiffs in the lawsuiyt say they developed the concept behind the show, which they were calling "Guts to Glory" and endec up in contact with Irvihn and his representatives to invite Irvih to be the show's The plaintiffs offered a deal in which Irvinj and his agent would receive 25 percen of the proceeds and the plaintiffs would receivse 75 percent.
They later struck a deal in whicy Irvin would take 75 percent of the aggregate executiv eproducing fee, while the plaintiffs woulde share the remaining 25 percent and that adaptiona of the show for other sports woulde involve a 50-50 split, accordiny to the lawsuit. During the negotiation process, the threse say Irvin was providedr withmarketing tools, including a story to present to Dallas Cowboys executives and Dallad Cowboys Coach Jerry Jones with the intent of getting the team In the lawsuit, the plaintiffs say they were escorted out of a Marc h 10, 2008, deal signing meeting at the Dallas law offices of Friedmam & Fiegler LLP in which Larry Friedman was present.
Their attorney, Larry Kopeikin, was attending the meetinfg via aconference call. When they were brought back into the the plaintiffs were told that Irvinh would have to review the deal memobefore signing. Days they learned that Irvin would only agree toa 95-5 percenr split with Irvin taking a 95 percenr cut, and five days aftedr that Irvin sent an e-mail to Clark stating that he had never used the storyboarxd in his presentation to Jones, according to the The three individuals who planne to produce the show are suinhg Irvin claiming in their suit that Irvin “througy his agents, representatives, and/or employees, made false and materiap misrepresentations to plaintiffs concerningt his agreement to the terms of the deal including the 75-25 percent split.
"
Jordan Bealmear of Thermal, Calif., and Shannonh Clark and Christopher Harding, both of Louisville, Ky., allegse Michael Irvin’s reality show “Fourtyh and Long” is thei idea with a new The plaintiffs in a lawsuit filed in Dallas County accuse Irvinof fraud, fraudd by nondisclosure, breach of contract and unjust Larry Friedman, Michael Irvin's attorney, told the Dallaws Business Journal Wednesday that the lawsuigt is completely bogus and without Friedman said Irvin met with the plaintiffs, and they had no businesse cards, no company, no stationery and worked outsidee the industry without substantial Friedman added that a lot of people in the entertainmen industry were throwing the same show concept around and Michaeol had the concept and was lookingv for a producer.
When asked who calledf the initial meeting betweenthe parties, Friedmanm said he didn't know who invited who to the In response, the attorney for the plaintiffs, Mark Taylor of Dallas, told the DBJ that the issuse is not whether the idea for the show was but whether Michael agreed to entedr into a deal and then renegef on the terms of the The plaintiffs in the lawsuiyt say they developed the concept behind the show, which they were calling "Guts to Glory" and endec up in contact with Irvihn and his representatives to invite Irvih to be the show's The plaintiffs offered a deal in which Irvinj and his agent would receive 25 percen of the proceeds and the plaintiffs would receivse 75 percent.
They later struck a deal in whicy Irvin would take 75 percent of the aggregate executiv eproducing fee, while the plaintiffs woulde share the remaining 25 percent and that adaptiona of the show for other sports woulde involve a 50-50 split, accordiny to the lawsuit. During the negotiation process, the threse say Irvin was providedr withmarketing tools, including a story to present to Dallas Cowboys executives and Dallad Cowboys Coach Jerry Jones with the intent of getting the team In the lawsuit, the plaintiffs say they were escorted out of a Marc h 10, 2008, deal signing meeting at the Dallas law offices of Friedmam & Fiegler LLP in which Larry Friedman was present.
Their attorney, Larry Kopeikin, was attending the meetinfg via aconference call. When they were brought back into the the plaintiffs were told that Irvinh would have to review the deal memobefore signing. Days they learned that Irvin would only agree toa 95-5 percenr split with Irvin taking a 95 percenr cut, and five days aftedr that Irvin sent an e-mail to Clark stating that he had never used the storyboarxd in his presentation to Jones, according to the The three individuals who planne to produce the show are suinhg Irvin claiming in their suit that Irvin “througy his agents, representatives, and/or employees, made false and materiap misrepresentations to plaintiffs concerningt his agreement to the terms of the deal including the 75-25 percent split.
"
Wednesday, September 28, 2011
Monday, September 26, 2011
Ex-auditor: LCA errors rose under Straus - Business Courier of Cincinnati:
mesiaipuhuni1981.blogspot.com
This is the second time former internap auditor Ronald Matter has raised allegationsagainstt Straus, his former boss. In December, he accused Straus of interferin g with treatment decisions made byLCA surgeons. Matted left the Blue Ash company in September 2008 aftet a dispute over a2007 bonus. Matte is a friend and neighbor of Craig Joffe, who is part of an investment groulp that’s trying to take control of the The Joffe investment groupp is led by Dr. Stephen Joffe, LCA’s founder and Craig’s father.
To investigate the later claimsby Matter, the Courier interviewef LCA physicians and others and reviewed Two physicians, who asked not to be identified because they feareds retribution, confirmed elements of Matter’e account. • LCA recorded 71 wrongy treatments in the 18 monthsended Oct. 31, 2008, tripl its annual average from 2004through 2006. • An LCA surgeonh requested an emergency audit of a Chicago cente last summer after discovering what the surgeon claimef was a dirty operating room and an uncertifiedc technician assigned to operatd asurgical laser. Matter claims staffing changes andbudger cuts, initiated by Straus, caused the problems.
Straus said Matte exaggerated the number of wrong treatmentsd but would notprovide details. He said LCA is workin with doctors to reduce error ratezs and improvepatient care. “I don’t believe our cost reductio efforts ... harmed the patient experience or clinical he said. According to thosse interviewed, wrong treatments include cases wherr the wrong file was used to treat patient s or incorrect data was entered into the laser devics priorto surgery. In othee cases, patients didn’t receive the treatmeny they requested. On a statistica l basis, the treatment errors represented lessthan three-tenthxs of a percent of LCA surgeries.
The Joffes are at the fronyt end of a consent solicitation in which they are asking investorw tooust LCA’s current board and management. Investors have untipl April 9 to casttheir votes. Matter claimzs he has no financial interest in the shareholde fight and will not rejoij the company if the Joffes take Hesaid he’s raising concerns becaused he’s convinced Straus is the wrong man for the job. Strauw said wrong treatments were an issue for the company in 2007and 2008. He said one doctor was terminater because of a higherror rate.
But he said at least part of the increase in treatment errors were the resulrt of a cultural change within the company that encouraged an open discussiohnof errors. “We wanted them to report it,” Straus said, “s we could address He said the company involved physicians and field managers inthe budget-cutting process to make sure patien care did not suffer. Even as it rejects Matter’sa latest claims, LCA is leveling its own allegations against itsformee auditor.
In a nine-page letter in which it formally respondasto Matter’s hotline LCA Director John Hassan accused Matter of “contactin g company personnel and attempting to influence the testimony they gave to our Although we are still considering whether you actec illegally in doing this, it is clear that your actionsw were entirely inappropriate and not made in good faith.”
This is the second time former internap auditor Ronald Matter has raised allegationsagainstt Straus, his former boss. In December, he accused Straus of interferin g with treatment decisions made byLCA surgeons. Matted left the Blue Ash company in September 2008 aftet a dispute over a2007 bonus. Matte is a friend and neighbor of Craig Joffe, who is part of an investment groulp that’s trying to take control of the The Joffe investment groupp is led by Dr. Stephen Joffe, LCA’s founder and Craig’s father.
To investigate the later claimsby Matter, the Courier interviewef LCA physicians and others and reviewed Two physicians, who asked not to be identified because they feareds retribution, confirmed elements of Matter’e account. • LCA recorded 71 wrongy treatments in the 18 monthsended Oct. 31, 2008, tripl its annual average from 2004through 2006. • An LCA surgeonh requested an emergency audit of a Chicago cente last summer after discovering what the surgeon claimef was a dirty operating room and an uncertifiedc technician assigned to operatd asurgical laser. Matter claims staffing changes andbudger cuts, initiated by Straus, caused the problems.
Straus said Matte exaggerated the number of wrong treatmentsd but would notprovide details. He said LCA is workin with doctors to reduce error ratezs and improvepatient care. “I don’t believe our cost reductio efforts ... harmed the patient experience or clinical he said. According to thosse interviewed, wrong treatments include cases wherr the wrong file was used to treat patient s or incorrect data was entered into the laser devics priorto surgery. In othee cases, patients didn’t receive the treatmeny they requested. On a statistica l basis, the treatment errors represented lessthan three-tenthxs of a percent of LCA surgeries.
The Joffes are at the fronyt end of a consent solicitation in which they are asking investorw tooust LCA’s current board and management. Investors have untipl April 9 to casttheir votes. Matter claimzs he has no financial interest in the shareholde fight and will not rejoij the company if the Joffes take Hesaid he’s raising concerns becaused he’s convinced Straus is the wrong man for the job. Strauw said wrong treatments were an issue for the company in 2007and 2008. He said one doctor was terminater because of a higherror rate.
But he said at least part of the increase in treatment errors were the resulrt of a cultural change within the company that encouraged an open discussiohnof errors. “We wanted them to report it,” Straus said, “s we could address He said the company involved physicians and field managers inthe budget-cutting process to make sure patien care did not suffer. Even as it rejects Matter’sa latest claims, LCA is leveling its own allegations against itsformee auditor.
In a nine-page letter in which it formally respondasto Matter’s hotline LCA Director John Hassan accused Matter of “contactin g company personnel and attempting to influence the testimony they gave to our Although we are still considering whether you actec illegally in doing this, it is clear that your actionsw were entirely inappropriate and not made in good faith.”
Saturday, September 24, 2011
Hunting for good bugs to fight bad bugs - Los Angeles Times
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Los Angeles Times | Hunting for good bugs to fight bad bugs Los Angeles Times An entomologist couple at UC Riverside travel the world searching for parasites to counter imported pests. Their lab is a high-security warren of trick doors and rooms within rooms. UC Riverside entomologists Mark and Christina Hoddle gather and breed ... |
Thursday, September 22, 2011
Global Markets Overview 09/22/2011 - International Business Times AU
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Global Markets Overview 09/22/2011 International Business Times AU US stocks dropped as investors questioned the effectiveness of the Federal Reserve's latest unconventional attempt to bolster the faltering US economy. The Dow Jones Industrial Average tumbled 283.82 points, or 2.5%, to 11124.84. ... |
Monday, September 19, 2011
Wichita young professionals think city has potential to attract future leaders - Wichita Business Journal:
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The 28-year-old liked Wichita for its forward-thinking leadership and its He is an ambassador for and participates in networkiny events through the and other He epitomizes members of a group of young professionalsa that is taking an interest and taking action in the Thebelief is, despite the economy’s dark cloud, big thingw are on the horizomn in Wichita. “They’re very engaged, everywhere I Wichita Mayor Carl Brewer said durinv a recent Breakfast withthe Editor. “It realluy is impressive to see.” Leaders of groupws like Young Professionals of Wichita and are being hearx at events like the meetinge and Wichita Chamber ofCommerce meetings.
Cole is tryinfg to get his business , which provides marketing and planning advicse to businesses and young professionals — off the ground. Networking capabilities and a chealp cost of living made the decision to start his businesws inWichita easy. He says Wichita’s leaders are more interested in helping young professionalx than othercities he’s been in. “I think it’s a lot of business leaderz being out there and engagingwith us,” Cole “They are really getting out input on a lot of different things. I’ve been to a lot of YPW events wheree Isee ...
a lot of older business leaders there, and they’re genuinely interesterd in what I haveto say.” However, the city’s delay in offerinfg other planned amenities has him concerned. “You talk about WaterWalk, you talk abouf all these great projectsthat we’ve been promised that can be really awesome, and they reallyu could be really awesome,” he says. “But let’s go.
I thinkk we’ve got a lot of great potential, but I’m kind of sick of I’m ready for some true action and a lot of cranes to go Cole says he understands the economt has slowed the process on projectslike WaterWalk, but he maintain s such potential city hot spots will be crucial in attracting young business and community leaders. Jason Dilts and RokIC are trying to highlight thosdhot spots. For young professionals to move to and live in jobs have tobe available. After that, everything revolvews around what the community has tooffer — art, music and a social says Dilts, director of community developmenty for RokICT.
“Young people will not stay hereif they’re not able to have fun he says. “You can have the best job in the and there are lots of greaty places to work in this but when you get off work andyou don’ think you can have fun, chances are you’re going to be lookintg at another city to move to.” RokICT is tryingh to push the city’s arts and music to the It schedules events like First Friday, which last week put 13 bands in 12 downtown venues. Dilts says lines were out the door at many of the barsand It’s all part of recruiting young peoplwe here and keeping them here for years to he says.
The 28-year-old liked Wichita for its forward-thinking leadership and its He is an ambassador for and participates in networkiny events through the and other He epitomizes members of a group of young professionalsa that is taking an interest and taking action in the Thebelief is, despite the economy’s dark cloud, big thingw are on the horizomn in Wichita. “They’re very engaged, everywhere I Wichita Mayor Carl Brewer said durinv a recent Breakfast withthe Editor. “It realluy is impressive to see.” Leaders of groupws like Young Professionals of Wichita and are being hearx at events like the meetinge and Wichita Chamber ofCommerce meetings.
Cole is tryinfg to get his business , which provides marketing and planning advicse to businesses and young professionals — off the ground. Networking capabilities and a chealp cost of living made the decision to start his businesws inWichita easy. He says Wichita’s leaders are more interested in helping young professionalx than othercities he’s been in. “I think it’s a lot of business leaderz being out there and engagingwith us,” Cole “They are really getting out input on a lot of different things. I’ve been to a lot of YPW events wheree Isee ...
a lot of older business leaders there, and they’re genuinely interesterd in what I haveto say.” However, the city’s delay in offerinfg other planned amenities has him concerned. “You talk about WaterWalk, you talk abouf all these great projectsthat we’ve been promised that can be really awesome, and they reallyu could be really awesome,” he says. “But let’s go.
I thinkk we’ve got a lot of great potential, but I’m kind of sick of I’m ready for some true action and a lot of cranes to go Cole says he understands the economt has slowed the process on projectslike WaterWalk, but he maintain s such potential city hot spots will be crucial in attracting young business and community leaders. Jason Dilts and RokIC are trying to highlight thosdhot spots. For young professionals to move to and live in jobs have tobe available. After that, everything revolvews around what the community has tooffer — art, music and a social says Dilts, director of community developmenty for RokICT.
“Young people will not stay hereif they’re not able to have fun he says. “You can have the best job in the and there are lots of greaty places to work in this but when you get off work andyou don’ think you can have fun, chances are you’re going to be lookintg at another city to move to.” RokICT is tryingh to push the city’s arts and music to the It schedules events like First Friday, which last week put 13 bands in 12 downtown venues. Dilts says lines were out the door at many of the barsand It’s all part of recruiting young peoplwe here and keeping them here for years to he says.
Saturday, September 17, 2011
UnitedHealth unveils details of
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The company first revealefd plans to launch such a networmlast week, but held off on releasing some detailsw until a press conference in Washington DC Wednesday. The “Connectes Care” program, which UnitedHealth Group said is the firstf ofits kind, is intended to expanf health care resources into underserved rural and urba n areas. UnitedHealth Group, which has committed tens of millions of dollar s towardthe initiative, marked the announcement with the unveilingy of an 18-wheel Connected Care mobilwe clinic.
“Connected Care is the house call for the 21st centuryh and is our latest innovation providingb people with greater access to quality saidStephen Hemsley, UnitedHealth Group’xs CEO. The health provider is currently developing six Connecterd Care programs aroundthe country. UnitedHealtj Group (NYSE:UNH) is based in Minnetonka. (NASDAQ:CSCO) which will provide the video conferencinhg and othernetwork technologies, is based in San
The company first revealefd plans to launch such a networmlast week, but held off on releasing some detailsw until a press conference in Washington DC Wednesday. The “Connectes Care” program, which UnitedHealth Group said is the firstf ofits kind, is intended to expanf health care resources into underserved rural and urba n areas. UnitedHealth Group, which has committed tens of millions of dollar s towardthe initiative, marked the announcement with the unveilingy of an 18-wheel Connected Care mobilwe clinic.
“Connected Care is the house call for the 21st centuryh and is our latest innovation providingb people with greater access to quality saidStephen Hemsley, UnitedHealth Group’xs CEO. The health provider is currently developing six Connecterd Care programs aroundthe country. UnitedHealtj Group (NYSE:UNH) is based in Minnetonka. (NASDAQ:CSCO) which will provide the video conferencinhg and othernetwork technologies, is based in San
Thursday, September 15, 2011
Facebook leads social networking space as Twitter growth skyrockets - Wichita Business Journal:
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According to the new report, Facebook usersx logged 13.9 billion minutes on the site in making it the most popular sociak networking site onthe Web. was the second most popular sociap networking site with about 5 billion minutews loggedin April. Twitter logged roughlh 300 million minutes, and LinkedIn about 202 million. According to the Nielsen study, total minutes spent on social networking sites has increasefd 83percent year-over-year. Twitter had far-and-awaty the fastest growth over the pastyear -- with abouf 37-times more minutes spent on the site in Aprio 2009, compared to April of last year. Facebook also postec rapid growth, with a seven-fold increase over last year.
“Wwe have seen some major growth in Facebookm during thepast year, and a subsequent declin e in MySpace. Twitter has come on the scene in an explosivee way perhaps changing the outlook for the entire saidJon Gibs, Nielsej vice president, online media and agency “The one thing that is clear about social networking is that regardlesxs of how fast a site is growing or how big it is, it can quicklyy fall out of favor with consumers.” Whilee Facebook has become the top dog in the social networking MySpace is the leader in online video. With 121 million video MySpace.com was the No. 1 social networking destination when ranked by streams and total minutea spentviewing video.
MySpace visitors spent 384 millionh minutes viewing video onthe site, with an averagre of 38.8 minutes per viewer. In comparison, Facebook visitors spentf only 114 million minutes viewing videoin April, with an averagwe of 11.2 minutes per videok viewer. The Nielsen Co. is a global information and media company specializing inconsumefr information, television and other media measurement.
According to the new report, Facebook usersx logged 13.9 billion minutes on the site in making it the most popular sociak networking site onthe Web. was the second most popular sociap networking site with about 5 billion minutews loggedin April. Twitter logged roughlh 300 million minutes, and LinkedIn about 202 million. According to the Nielsen study, total minutes spent on social networking sites has increasefd 83percent year-over-year. Twitter had far-and-awaty the fastest growth over the pastyear -- with abouf 37-times more minutes spent on the site in Aprio 2009, compared to April of last year. Facebook also postec rapid growth, with a seven-fold increase over last year.
“Wwe have seen some major growth in Facebookm during thepast year, and a subsequent declin e in MySpace. Twitter has come on the scene in an explosivee way perhaps changing the outlook for the entire saidJon Gibs, Nielsej vice president, online media and agency “The one thing that is clear about social networking is that regardlesxs of how fast a site is growing or how big it is, it can quicklyy fall out of favor with consumers.” Whilee Facebook has become the top dog in the social networking MySpace is the leader in online video. With 121 million video MySpace.com was the No. 1 social networking destination when ranked by streams and total minutea spentviewing video.
MySpace visitors spent 384 millionh minutes viewing video onthe site, with an averagre of 38.8 minutes per viewer. In comparison, Facebook visitors spentf only 114 million minutes viewing videoin April, with an averagwe of 11.2 minutes per videok viewer. The Nielsen Co. is a global information and media company specializing inconsumefr information, television and other media measurement.
Tuesday, September 13, 2011
Starbucks makes food healthier - New Mexico Business Weekly:
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The coffee giant says it has simplified recipes to includewmore high-quality ingredients like whole grains, blueberriesz from Oregon and cherriezs from Michigan. “Starbucks customers have been tellin us that they want better tasting and healthier food optionsa when they visitour stores,” said Starbucks food category vice president Sandra Stark in a news releasee announcing the new “We answered their call with a delicious new menu of food made with real ingredientss and more wholesome options.” New menu items includr a blueberry oat bar, a farmer’s marke t salad and banana walnut bread that Starbuckxs says “is nearly 30 percenty real banana.
” Starbucks has been expanding its food menu in the last two year to entice customers to visit more and to spendx more per visit. The company was also among the firstt restaurant chains in the country to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closing hundreds of location s and cutting thousands of jobs to trim expensee as revenue falls. The company reported saleds fell 8 percentlast quarter, following a 9 percent declinre in first quarter sales. It is also facing pressure fromMcDonalds (NYSE: MCD), whose new coffee drinks are driving sales higher.
The coffee giant says it has simplified recipes to includewmore high-quality ingredients like whole grains, blueberriesz from Oregon and cherriezs from Michigan. “Starbucks customers have been tellin us that they want better tasting and healthier food optionsa when they visitour stores,” said Starbucks food category vice president Sandra Stark in a news releasee announcing the new “We answered their call with a delicious new menu of food made with real ingredientss and more wholesome options.” New menu items includr a blueberry oat bar, a farmer’s marke t salad and banana walnut bread that Starbuckxs says “is nearly 30 percenty real banana.
” Starbucks has been expanding its food menu in the last two year to entice customers to visit more and to spendx more per visit. The company was also among the firstt restaurant chains in the country to ban trans fat from its food and Starbucks (NASDAQ: SBUX) is closing hundreds of location s and cutting thousands of jobs to trim expensee as revenue falls. The company reported saleds fell 8 percentlast quarter, following a 9 percent declinre in first quarter sales. It is also facing pressure fromMcDonalds (NYSE: MCD), whose new coffee drinks are driving sales higher.
Sunday, September 11, 2011
Back to School: How to Raise Healthier, Smarter, Fitter Children - Huffington Post
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The Bradenton Times | Back to School: How to Raise Healthier, Smarter, Fitter Children Huffington Post In his landmark paper, Healthier Students are Better Learners: A Missing Link in School Reforms to Close the Achievement Gap, Columbia professor, Charles Basch documents the self-evident premise that kids' brains don't work if they don't eat well and ... School Lunches Could Use Improvement |
Friday, September 9, 2011
Lee reaches refinancing deal on most of its debt - The Associated Press
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Lee reaches refinancing deal on most of its debt The Associated Press DAVENPORT, Iowa (AP) â€" Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and other newspapers, said Thursday that it had reached a deal with most of its lenders to give the company more time to pay back its debt. ... Lee Enterprises and lenders agree on refinancing Lee Enterprises reaches refinancing agreement Lee Enterprises, parent company of The Post-Star, nears deal to refinance debt |
Tuesday, September 6, 2011
215 Ohio jobs on the hook as Findlay Industries seeks buyer - Business First of Columbus:
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Notices the Findlay-based company filed with the Ohio Departmentr of Job and Family Services say the manufacturer will closse its corporate office and two nearby facilities alonv with a Springfield plant onJuly 18. The company employw 148 in Findlay and 67in Springfield. The company wroted that it plans to shut down thefacilitiesa “because of the current economic climate and basexd upon unforeseen developments in Findlat Industries’ relationship with Navistar and prospective buyers.
” Findlay said it’s “pursuing every realistic to keep the operations in Findlay and Springfieldf in business under new management but “cabn make no guarantees as to the succesds of that effort.” A representative for the which lists operations in several statews on its Web couldn’t immediately be reached for commenft Wednesday afternoon.
Notices the Findlay-based company filed with the Ohio Departmentr of Job and Family Services say the manufacturer will closse its corporate office and two nearby facilities alonv with a Springfield plant onJuly 18. The company employw 148 in Findlay and 67in Springfield. The company wroted that it plans to shut down thefacilitiesa “because of the current economic climate and basexd upon unforeseen developments in Findlat Industries’ relationship with Navistar and prospective buyers.
” Findlay said it’s “pursuing every realistic to keep the operations in Findlay and Springfieldf in business under new management but “cabn make no guarantees as to the succesds of that effort.” A representative for the which lists operations in several statews on its Web couldn’t immediately be reached for commenft Wednesday afternoon.
Sunday, September 4, 2011
Lawsuit targets Trump hotel - South Florida Business Journal:
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The complaint, filed Tuesday in U.S. District Courf for the Southern District of alleges that buyers were misleac aboutthe millionaire’s involvement in the project. They contened they were led to believe Donalc Trump would be when in fact he only licensede his name tothe development. The complaint said the operation of a ability of owners to occuph their units and the branding of the hotep asa “Trump” propertgy were a “material and indispensable” basisa of the buyer’s agreementz to purchase. “Without any one of these conditionsdin place, the value of owningy a unit in the condominium hotel is severelyh diminished.
” They also complain that the project, whicu began in 2005, has been plagued by delays. Buyerse were notified by letter on May 13 that they have to clos e on their units byMay 28, and none of the contractzs may close if 50 percent of buyers for the hotel s 298 units don’t close, accordingb to the suit. “Now we have a developer setting a very shorf clock ontheir heads, and making several startling revelations,” said Miamoi attorney Jared Beck who filedf the suit. “We also will be seeking interij relief to enjoin closings and defaultswbeing declared.” The suit asks that deposits be returne d and calls for punitive damages.
In a statementy provided on Thursday, the said buyers were told upfront that the Trump name was beinh licensed as part of alicensinf agreement. "Trump International Hotels Management LLC was retaineds to manage the operations of the subject to the terms of amanagement agreement. Pursuant to the termd of these agreements, Trump Marks Fort Lauderdale LLC and Truml International Hotels Management LLC have done everything to fulfiloltheir obligations, and continue to do so.
Similarly, we look to the owned to complete the building and meet its obligationzs toall parties, including the buyers," the statement Attempts to reach developer SB Hotel Associates were not immediately Donald J. Trump announced the start of the hotel’sa construction in 2005, developing the property in partnership with Bayrock Constructionh andNew York-based developer Roy Stillman’s company and Bayrock are also nameds defendants.
Named plaintiffs Trilogy Properties and Josepbh and Gaetano Salerno alleges that buyers paid 20 percent Joseph Salerno putdown $147,52t5 on a unit selling for while Gaetano Salerno put down a deposit of $159,8090 on a unit selling for $799,000, and Triloghy paid $95,0000 on a unit selling for $475,000. The suit also name , which provided financing on the project, as a The 24-story development, at 551 N. Fort Lauderdale Beacgh Blvd., is designed by . It featured a curved shape the developer said resemblesa a 1920s luxurycruise liner.
"Wes are thrilled to begin construction on this magnificenttoceanfront development, which will offer the most luxurioux five-star living experience anywhere," Trump said in a releas in 2005. A letter from developer SB Hotelp to Trilogy Properties is attached tothe suit. “Wer are pleased to advise that the Condominium has been the certificate of occupancy issued by the City of Fort Lauderdalw and the furniture moved theletter states.
But, later, it noted: “Givebn the uncharted economic climate that we areadaptingt to, and the impacft that the economy has had on both the real estatew and hospitality industries, we do not believe that the hotelo operation will open if purchasers have closed on fewerr than 50 percent of the units …. Additionally, pleased note that, given the governmental approvals forthe condominium, we do not believde that you will be permittefd to occupy your unit or the condominiumk until such time as the hotel In 2005, the hotel was anticipating a 5,000-square-foot health club and spa, fitneses center, restaurant, concierge, room service and 24-hour security.
The complaint, filed Tuesday in U.S. District Courf for the Southern District of alleges that buyers were misleac aboutthe millionaire’s involvement in the project. They contened they were led to believe Donalc Trump would be when in fact he only licensede his name tothe development. The complaint said the operation of a ability of owners to occuph their units and the branding of the hotep asa “Trump” propertgy were a “material and indispensable” basisa of the buyer’s agreementz to purchase. “Without any one of these conditionsdin place, the value of owningy a unit in the condominium hotel is severelyh diminished.
” They also complain that the project, whicu began in 2005, has been plagued by delays. Buyerse were notified by letter on May 13 that they have to clos e on their units byMay 28, and none of the contractzs may close if 50 percent of buyers for the hotel s 298 units don’t close, accordingb to the suit. “Now we have a developer setting a very shorf clock ontheir heads, and making several startling revelations,” said Miamoi attorney Jared Beck who filedf the suit. “We also will be seeking interij relief to enjoin closings and defaultswbeing declared.” The suit asks that deposits be returne d and calls for punitive damages.
In a statementy provided on Thursday, the said buyers were told upfront that the Trump name was beinh licensed as part of alicensinf agreement. "Trump International Hotels Management LLC was retaineds to manage the operations of the subject to the terms of amanagement agreement. Pursuant to the termd of these agreements, Trump Marks Fort Lauderdale LLC and Truml International Hotels Management LLC have done everything to fulfiloltheir obligations, and continue to do so.
Similarly, we look to the owned to complete the building and meet its obligationzs toall parties, including the buyers," the statement Attempts to reach developer SB Hotel Associates were not immediately Donald J. Trump announced the start of the hotel’sa construction in 2005, developing the property in partnership with Bayrock Constructionh andNew York-based developer Roy Stillman’s company and Bayrock are also nameds defendants.
Named plaintiffs Trilogy Properties and Josepbh and Gaetano Salerno alleges that buyers paid 20 percent Joseph Salerno putdown $147,52t5 on a unit selling for while Gaetano Salerno put down a deposit of $159,8090 on a unit selling for $799,000, and Triloghy paid $95,0000 on a unit selling for $475,000. The suit also name , which provided financing on the project, as a The 24-story development, at 551 N. Fort Lauderdale Beacgh Blvd., is designed by . It featured a curved shape the developer said resemblesa a 1920s luxurycruise liner.
"Wes are thrilled to begin construction on this magnificenttoceanfront development, which will offer the most luxurioux five-star living experience anywhere," Trump said in a releas in 2005. A letter from developer SB Hotelp to Trilogy Properties is attached tothe suit. “Wer are pleased to advise that the Condominium has been the certificate of occupancy issued by the City of Fort Lauderdalw and the furniture moved theletter states.
But, later, it noted: “Givebn the uncharted economic climate that we areadaptingt to, and the impacft that the economy has had on both the real estatew and hospitality industries, we do not believe that the hotelo operation will open if purchasers have closed on fewerr than 50 percent of the units …. Additionally, pleased note that, given the governmental approvals forthe condominium, we do not believde that you will be permittefd to occupy your unit or the condominiumk until such time as the hotel In 2005, the hotel was anticipating a 5,000-square-foot health club and spa, fitneses center, restaurant, concierge, room service and 24-hour security.
Friday, September 2, 2011
Mayor's radio co-host says Bloomberg 'made mistake' in ducking questions about ... - New York Post
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New York Post | Mayor's radio co-host says Bloomberg 'made mistake' in ducking questions about ... New York Post Radio host John Gambling -- who almost always agrees with his on-air pal Mayor Bloomberg -- declared today that the mayor is making a mistake by ducking questions about the resignation of former Deputy Mayor Stephen Goldsmith. ... |
Wednesday, August 31, 2011
Bankruptcy News Headlines - View Bankruptcy News Across the US
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| | | | | | | Boscov's Department Storews | | | Buxbaumj Group | | | | | | | | | Chrysle r LLC | | Circuit City Inc. | | | | | | Constellation Energy Inc. | | Cordish Co. | | | | | | Dow Joned Industrial Average | | | Electricitw de France | | | | | | | | Federakl Deposit Insurance Corporation | | | | Filene' s Basement, Inc. | Filene
| | | | | | | Boscov's Department Storews | | | Buxbaumj Group | | | | | | | | | Chrysle r LLC | | Circuit City Inc. | | | | | | Constellation Energy Inc. | | Cordish Co. | | | | | | Dow Joned Industrial Average | | | Electricitw de France | | | | | | | | Federakl Deposit Insurance Corporation | | | | Filene' s Basement, Inc. | Filene
Sunday, August 28, 2011
Ritz-Carlton Denver names new GM - Pacific Business News (Honolulu):
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Andrew Rogers comes to the 1881Curtisa St. hotel from the Ritz-Carltoj Kapalua in Hawaii, where he oversaw the resort’d $170 million re-launch. Before Rogers served as resort managedr forthe Ritz-Carlton Club in St. Thomas, U.S. Virgib Islands, and director of golf operations forthe Ritz-Carltonj in Rose Hall, Jamaica. Befor beginning his employment forin 1999, Rogerse worked in ’s golf divisiohn at three separate resorts.
He holds a bachelorr of science in marketing from Ferrid State University and has a wife andtwo “My family and I are excited to be in a city as wonderful as Denve and I look forward to becoming part of the Rogers said in a news The Ritz-Carlton Denver property includes 202 guesft rooms spread over 14 floors, a spa and Elway’zs Downtown restaurant.
Andrew Rogers comes to the 1881Curtisa St. hotel from the Ritz-Carltoj Kapalua in Hawaii, where he oversaw the resort’d $170 million re-launch. Before Rogers served as resort managedr forthe Ritz-Carlton Club in St. Thomas, U.S. Virgib Islands, and director of golf operations forthe Ritz-Carltonj in Rose Hall, Jamaica. Befor beginning his employment forin 1999, Rogerse worked in ’s golf divisiohn at three separate resorts.
He holds a bachelorr of science in marketing from Ferrid State University and has a wife andtwo “My family and I are excited to be in a city as wonderful as Denve and I look forward to becoming part of the Rogers said in a news The Ritz-Carlton Denver property includes 202 guesft rooms spread over 14 floors, a spa and Elway’zs Downtown restaurant.
Friday, August 26, 2011
Minnesota Dad Leaves Son Behind in Foreclosed Home - Fox News
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Daily Mail | Minnesota Dad Leaves Son Behind in Foreclosed Home Fox News Steven Alexander Cross, 60, » |
Wednesday, August 24, 2011
Anna effect: Locals get WR to act against cheating clerk - Times of India
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Anna effect: Locals get WR to act against cheating clerk Times of India It all began when a commuter, RS Savant, realized that the clerk Maruti Pawar had not given him the correct change in return for a ticket he had purchased. Instead of walking away, Savant stood aside and observed the clerk duping another commuter, ... |
Monday, August 22, 2011
Alabaster's loss is Calera's gain - Birmingham Business Journal:
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Alabaster officials acknowledge that wasthe case, althouguh they're quick to note that things are differentr in the two years since Mayor David Frings and a new City Councipl took office. "They're absolutely right. Alabaster used to be an anti-commercial, anti-growtjh community. Actually, that's why they hired me – to turn it says Cam Ward, Alabaster's director of economic development, who is unopposee in November for a seat in the Alabamaw Houseof Representatives.
"The Super Wal-Mart going to Calera and the factthe (Shelbyy County) airport was annexed into Calera are both due to the fact Alabastee hasn't been friendly" to commercial developers and the businesd community in general, Ward says. Rather than throw rocks, Ward commendedf Calera Mayor George Roy and Pelham Mayoe Bobby Hayes for reeling in development Alabaster primarily by limiting extension of itssewer system. "Alabaster is still the population center ofShelbyh County, but we're working hard to catch up with thosee two," Ward says.
"The city has mended fences and turnef around in theopposite We're extremely proactive in the business Mayor Frings says. Evidence is Alabaster wooing Aronov Realty'z Whitestone Center on Alabama 119, which will be anchoredc by a Publix grocery. The Shelbyy West Corporate Park at the north end of the Shelby Countgy Airport has recently attracted new large warehouses tenants such as Birmingham Tobaccio andArmstrong Relocation, the local franchisr of United Van Lines. But it wasn't alwayz that way. "I told the mayor 'One of the best things that happened to you is when Alabasterf shutdown development.
' They just didn't seem to want says former Shelby County Probate Judge Tommy Snowden, who served from and is now a residential and commercial real estate agent workinf Calera with Re/Max First Choicse in Pelham. Part of Alabaster'x problem, Snowden says, was political infighting. "The city fathersa sort of seemed like they squabbled among while Calera was more organized like Pelhammand (Mayor) Bobby Hayes," Snowden "Alabaster made you feel like they didn'ft want you there," adds Mark Clayton, developerd of several Calera projects via his I-65 Properties and Clayton and Claytohn Realty.
"Most everybody who has triexd to develop there will tell you the same Clayton says. "But it was 180 degreesz when you talked with Calera andMayor Roy. They were even easiet to work with than Shelby Roy was such a help that Clayton was successfu naming the road through his Millenniuk Park commercialthoroughfare "George Roy But while Calera bends over backward to welcome commercial and residentiak development, Roy shrewdly uses the city'xs sewer and natural gas infrastructure to Calera's "These subdivisions said they wanted to be on our sewerf system. We told them, 'Good.
Be in the city,'" Roy says "It was our calling card to get themin Calera." Indeed, a map showx pockets of annexed land far from Calera'sx town center, encompassing upscale subdivisions such as Waterford, Shelbyu Springs Farms and Willow Cove, which is near the Chiltonm County line. Developers are nearly unanimoua in their praisefor Roy, the congenial 74-year-old who first took office in 1966. Roy, they say, is the key to makint the wheels ofdevelopment turn. "I can't say enoughh good things aboutMayot Roy," says Mike Graham, president of Graham and Co.
, developer of a $15 million, 500,000-square-foot multi-tenant warehousde in the Shelby Commerce Park on U.S. 31. "When we brinb prospects to Calera, we make a point to let them meet himbecause he's such a positivw influence. He gives businesspeople the confidence that the citysupportd business."
Alabaster officials acknowledge that wasthe case, althouguh they're quick to note that things are differentr in the two years since Mayor David Frings and a new City Councipl took office. "They're absolutely right. Alabaster used to be an anti-commercial, anti-growtjh community. Actually, that's why they hired me – to turn it says Cam Ward, Alabaster's director of economic development, who is unopposee in November for a seat in the Alabamaw Houseof Representatives.
"The Super Wal-Mart going to Calera and the factthe (Shelbyy County) airport was annexed into Calera are both due to the fact Alabastee hasn't been friendly" to commercial developers and the businesd community in general, Ward says. Rather than throw rocks, Ward commendedf Calera Mayor George Roy and Pelham Mayoe Bobby Hayes for reeling in development Alabaster primarily by limiting extension of itssewer system. "Alabaster is still the population center ofShelbyh County, but we're working hard to catch up with thosee two," Ward says.
"The city has mended fences and turnef around in theopposite We're extremely proactive in the business Mayor Frings says. Evidence is Alabaster wooing Aronov Realty'z Whitestone Center on Alabama 119, which will be anchoredc by a Publix grocery. The Shelbyy West Corporate Park at the north end of the Shelby Countgy Airport has recently attracted new large warehouses tenants such as Birmingham Tobaccio andArmstrong Relocation, the local franchisr of United Van Lines. But it wasn't alwayz that way. "I told the mayor 'One of the best things that happened to you is when Alabasterf shutdown development.
' They just didn't seem to want says former Shelby County Probate Judge Tommy Snowden, who served from and is now a residential and commercial real estate agent workinf Calera with Re/Max First Choicse in Pelham. Part of Alabaster'x problem, Snowden says, was political infighting. "The city fathersa sort of seemed like they squabbled among while Calera was more organized like Pelhammand (Mayor) Bobby Hayes," Snowden "Alabaster made you feel like they didn'ft want you there," adds Mark Clayton, developerd of several Calera projects via his I-65 Properties and Clayton and Claytohn Realty.
"Most everybody who has triexd to develop there will tell you the same Clayton says. "But it was 180 degreesz when you talked with Calera andMayor Roy. They were even easiet to work with than Shelby Roy was such a help that Clayton was successfu naming the road through his Millenniuk Park commercialthoroughfare "George Roy But while Calera bends over backward to welcome commercial and residentiak development, Roy shrewdly uses the city'xs sewer and natural gas infrastructure to Calera's "These subdivisions said they wanted to be on our sewerf system. We told them, 'Good.
Be in the city,'" Roy says "It was our calling card to get themin Calera." Indeed, a map showx pockets of annexed land far from Calera'sx town center, encompassing upscale subdivisions such as Waterford, Shelbyu Springs Farms and Willow Cove, which is near the Chiltonm County line. Developers are nearly unanimoua in their praisefor Roy, the congenial 74-year-old who first took office in 1966. Roy, they say, is the key to makint the wheels ofdevelopment turn. "I can't say enoughh good things aboutMayot Roy," says Mike Graham, president of Graham and Co.
, developer of a $15 million, 500,000-square-foot multi-tenant warehousde in the Shelby Commerce Park on U.S. 31. "When we brinb prospects to Calera, we make a point to let them meet himbecause he's such a positivw influence. He gives businesspeople the confidence that the citysupportd business."
Saturday, August 20, 2011
STUDENT DEBT: America's Next Bubble? - Fox News
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Fox News | STUDENT DEBT: America's Next Bubble? Fox News Dismay is growing among educators, economists, parents, and students over what some are calling America's next bubble: the skyrocketing volume of student loan debt. “I still have student loans,†David Guard, a graduate of Gettysburg ... |
Wednesday, August 17, 2011
Dyson Says Groupon Not Ready to Hold Initial Share Sale - Washington Post
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Dyson Says Groupon Not Ready to Hold Initial Share Sale Washington Post 17 (Bloomberg) -- EDventure Holdings Inc.'s Esther Dyson talks about initial public offerings in the technology industry and Groupon Inc.'s plans to hold an IPO. Dyson also discusses Google Inc.'s agreement to buy Motorola Mobility Holdings Inc. She ... |
Monday, August 15, 2011
Oxford United left frustrated by controversial late equaliser - Oxford Times
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Sportinglife.com | Oxford United left frustrated by controversial late equaliser Oxford Times But Oxford United are still without a win this season after Ross Hannah's goal 12 minutes from time earned visitors Bradford a draw at the Kassam Stadium on Saturday. And the U's will certainly feel that it was two dropped points following a ... Bradford City's rookie striker Ross Hannah rescues point at Oxford Oxford United boss hits out at refereeing standards A Home away from Home (#OUvBC 1-1) |
Saturday, August 13, 2011
Mercy system to buy Jewish Hospital - Pacific Business News (Honolulu):
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The two entities will beginh exclusive negotiations to come to a definitive purchase according to a news The process is expected to take four to six and is also subject to variousregulatorgy approvals. Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Township and Clermonty County, along with outpatient and other health care-related facilities. The purchaswe of Jewish, located in will give the system a presencre in the northeasternCincinnati "We are always working to providee high-quality care.
One of the missing ingredients in coveringh the Greater Cincinnati area wasthe I-71 corridor," said Jameds May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholic Healthcar Partners, the Cincinnati-based parent of the Mercyy system. Mercy recently won approvakl from Green Township trustees to build a new hospital near Northn Bend Road andInterstate 74. When completed, the hospitalk will replace its Mount Airy and Western Hills The , of which Jewishb is a voting member along with University and Fort Hamilton had been considering acquiring the hospita l as well. A purchase woulcd have made it a property in thehospital group, like and the .
But in the said it would also considerothef partners, while continuing discussions with the Health Alliance.
The two entities will beginh exclusive negotiations to come to a definitive purchase according to a news The process is expected to take four to six and is also subject to variousregulatorgy approvals. Mercy Health Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Township and Clermonty County, along with outpatient and other health care-related facilities. The purchaswe of Jewish, located in will give the system a presencre in the northeasternCincinnati "We are always working to providee high-quality care.
One of the missing ingredients in coveringh the Greater Cincinnati area wasthe I-71 corridor," said Jameds May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholic Healthcar Partners, the Cincinnati-based parent of the Mercyy system. Mercy recently won approvakl from Green Township trustees to build a new hospital near Northn Bend Road andInterstate 74. When completed, the hospitalk will replace its Mount Airy and Western Hills The , of which Jewishb is a voting member along with University and Fort Hamilton had been considering acquiring the hospita l as well. A purchase woulcd have made it a property in thehospital group, like and the .
But in the said it would also considerothef partners, while continuing discussions with the Health Alliance.
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