ignatiywulyxura.blogspot.com
percent in the seconf quarter, compared to the same period ayear ago. Franklin-baser Clarcor (NYSE: CLC) reported incomr of $25,582, or $0.50 cents per diluted in the quarter endedMay 30, compareds to $40,783, or $0.80 cents per diluted share, in the year-agok period. Revenue came in at $229,395 for the quarter, down 14.1 percenf from the previous year’s quarter, when revenue came in at Analysts, on average, estimated earnings of 38 cents per sharew on revenueof $243.1q million, according to Reuters Estimates.
“As we had expected, this year’ s second quarter was difficult, though operating resultsa were much stronger than in our firstfiscap quarter,” says Norm Johnson, Clarcor’s chairmamn and CEO, in a release. “Our ordetr rates, overall, have stabilized, and we are beginnint to see indications of increased product demand in selected Clarcormakes mobile, industrial and environmental filtration products and consumer and industrialk packaging products sold to domestic and international markets.
Johnsonn notes that more than 80 percenf of its filter sales are generatedr from the replacementfilter aftermarket, so even if new building and equipmen t continues to falter, maintenance of existing equipment and facilitiea will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
Saturday, June 30, 2012
Friday, June 29, 2012
Lingle orders unpaid days off for workers - San Antonio Business Journal:
bojony.wordpress.com
In an address broadcast from the State Lingle also said she would scale back free Medicaidf benefitsto low-income adults and said the stated would delay paying some of its larged bills until July. The governor is also asking the Judiciary, the and the Office of Hawaiianh Affairs to implement equivalent furlough days or restrict their Hawaii law does not allow orderingb furloughs for the Departmentof Education, the Universitty of Hawaii or the Hawaii Healtuh Systems Corporation, but Lingle said their spendiny will be restricted in an amounyt equivalent to the three-days-per-month furlough. The which start July 1, amounty to about a 13.
8 percent pay cut, or abou t $5,500 for a worker making $40,009 a year. As with Lingle does not have to negotiate the furloughe with any of the unions representingstate workers. Lingle has said she doesn’t want to lay off workera because of the disruptivwe effect of contract rules that would enablre senior workersto “bump” juniofr workers, even if they worked in different statee agencies. The furloughs will save $688 million. Lingle said the savings are needesd to close a gapof $730 million betweejn now and June 30, 2011, as forecast by the state’ss Council on Revenues May 28. All told, Hawaii is expectexd to see tax revenue fallby $2.
7 billion over the next two years. “Iv we do not implement the furlough we would have to lay off upto 10,000 employeezs to realize an equivalent amounty of savings,” Lingle said. The state has aboutg 46,000 workers, including 21,009 employees of the Department of Lingle blamed the fiscal shortfall on thelingerintg recession, rising unemployment, dropping visitor arrivals, a declinwe in private building permits, a doublinv of foreclosures, and record bankruptcy levels. The state Legislatures ended its session last month by raising tax ratew onhotel rooms, high-income earners, luxurt home transactions and tobacco to help meet the budgegt shortfall.
But Lingle, a Republican whose vetoes of thosd measures were overridden bymajorituy Democrats, said she would not ask for additional tax increases. She also rejected calls for legalizing However, Lingle noted that 70 percent of statse operating funds go to labor costs and that the state had provided employee wage increase of between 16 and 29 percengt over the past fouryears “when our economy was thriving.
”
In an address broadcast from the State Lingle also said she would scale back free Medicaidf benefitsto low-income adults and said the stated would delay paying some of its larged bills until July. The governor is also asking the Judiciary, the and the Office of Hawaiianh Affairs to implement equivalent furlough days or restrict their Hawaii law does not allow orderingb furloughs for the Departmentof Education, the Universitty of Hawaii or the Hawaii Healtuh Systems Corporation, but Lingle said their spendiny will be restricted in an amounyt equivalent to the three-days-per-month furlough. The which start July 1, amounty to about a 13.
8 percent pay cut, or abou t $5,500 for a worker making $40,009 a year. As with Lingle does not have to negotiate the furloughe with any of the unions representingstate workers. Lingle has said she doesn’t want to lay off workera because of the disruptivwe effect of contract rules that would enablre senior workersto “bump” juniofr workers, even if they worked in different statee agencies. The furloughs will save $688 million. Lingle said the savings are needesd to close a gapof $730 million betweejn now and June 30, 2011, as forecast by the state’ss Council on Revenues May 28. All told, Hawaii is expectexd to see tax revenue fallby $2.
7 billion over the next two years. “Iv we do not implement the furlough we would have to lay off upto 10,000 employeezs to realize an equivalent amounty of savings,” Lingle said. The state has aboutg 46,000 workers, including 21,009 employees of the Department of Lingle blamed the fiscal shortfall on thelingerintg recession, rising unemployment, dropping visitor arrivals, a declinwe in private building permits, a doublinv of foreclosures, and record bankruptcy levels. The state Legislatures ended its session last month by raising tax ratew onhotel rooms, high-income earners, luxurt home transactions and tobacco to help meet the budgegt shortfall.
But Lingle, a Republican whose vetoes of thosd measures were overridden bymajorituy Democrats, said she would not ask for additional tax increases. She also rejected calls for legalizing However, Lingle noted that 70 percent of statse operating funds go to labor costs and that the state had provided employee wage increase of between 16 and 29 percengt over the past fouryears “when our economy was thriving.
”
Wednesday, June 27, 2012
Kohl's ranks third in 'green' power use - The Business Journal of Milwaukee:
haygoodfoafyga1359.blogspot.com
The Menomonee Falls-based department store chain move up inthe U.S. Environmental Protection Agency's Green Power Partnership list of the top 50 buyers of greenm power from eighthin 2008. Kohl's more than doublex its annual usage of power from renewablee sources to 601million kilowatt-hour s from 236 million a year ago, the EPA said Kohl's trails fellow Fortunee 500 companies (1.3 billion kWh) and (1.14 billion kWh) on the Kohl's is the top ranked retail company. Retailer (527 million kWh) ranked fifth on the list behindd (553.7 million kWh). Kohl's purchases of greeh power includes energy from such sources as wind andlandfill gas.
Accordinyg to the EPA, Kohl's green powerr purchase is equivalent to avoiding carbomn dioxide emissions of morethan 79,000 passengeer vehicles per year, or is the equivaleng amount of electricity needed to power nearlyh 60,000 average American homes annually. Ranking 37th on the list of the top 50 greeh power purchasers was the statre ofWisconsin (92.4 million kWh). The state is buying biomass, solar and wind generatecd power from stateutilities , and No othef Wisconsin-based concern made the EPA's 2009 list.
The Menomonee Falls-based department store chain move up inthe U.S. Environmental Protection Agency's Green Power Partnership list of the top 50 buyers of greenm power from eighthin 2008. Kohl's more than doublex its annual usage of power from renewablee sources to 601million kilowatt-hour s from 236 million a year ago, the EPA said Kohl's trails fellow Fortunee 500 companies (1.3 billion kWh) and (1.14 billion kWh) on the Kohl's is the top ranked retail company. Retailer (527 million kWh) ranked fifth on the list behindd (553.7 million kWh). Kohl's purchases of greeh power includes energy from such sources as wind andlandfill gas.
Accordinyg to the EPA, Kohl's green powerr purchase is equivalent to avoiding carbomn dioxide emissions of morethan 79,000 passengeer vehicles per year, or is the equivaleng amount of electricity needed to power nearlyh 60,000 average American homes annually. Ranking 37th on the list of the top 50 greeh power purchasers was the statre ofWisconsin (92.4 million kWh). The state is buying biomass, solar and wind generatecd power from stateutilities , and No othef Wisconsin-based concern made the EPA's 2009 list.
Tuesday, June 26, 2012
Annualized GDP falls 5.5 percent in Q1, corporate profits increase - Business First of Columbus:
manuscripts-shuwatu.blogspot.com
percent in the first quarter aftera 6.3 percent decline in the last quarterd of 2008. The Bureau of Economic which released first quarter gross domestic productfigurea Thursday, said the improved performance is due to a 1.4 percenf increase in real personal consumption. The decline in GDP, whicu measures the output of goodx and services produced in the coincided with a rise incorporate profits, whicg increased $48.1 billion in the first quartedr following a $250.3 billion decrease in the fourth quarter of 2008. The GDP declinex reflected drops in both imports and exports as well as declining production of equipment and developmentand inventories.
The price index for domestifc purchases fell 1 percent on falling food anenergu prices. Excluding those, actual prices rose 1.4 the government said. Federal pay raisesx for civilian and military employees contributedan 0.3 percent poinft to the change in first quartedr domestic purchases. Exports decreased 30.6 percent and imports were down 36.4 after fourth quarter decreasesof 23.6 percenr and 17.5 percent, respectively.
On the
percent in the first quarter aftera 6.3 percent decline in the last quarterd of 2008. The Bureau of Economic which released first quarter gross domestic productfigurea Thursday, said the improved performance is due to a 1.4 percenf increase in real personal consumption. The decline in GDP, whicu measures the output of goodx and services produced in the coincided with a rise incorporate profits, whicg increased $48.1 billion in the first quartedr following a $250.3 billion decrease in the fourth quarter of 2008. The GDP declinex reflected drops in both imports and exports as well as declining production of equipment and developmentand inventories.
The price index for domestifc purchases fell 1 percent on falling food anenergu prices. Excluding those, actual prices rose 1.4 the government said. Federal pay raisesx for civilian and military employees contributedan 0.3 percent poinft to the change in first quartedr domestic purchases. Exports decreased 30.6 percent and imports were down 36.4 after fourth quarter decreasesof 23.6 percenr and 17.5 percent, respectively.
On the
Monday, June 25, 2012
Leeds Rhinos 40 Castleford Tigers 22: Absence of Chase adds to ... - Yorkshire Post
ekaterinaiuvo.blogspot.com
Yorkshire Post | Leeds Rhinos 40 Castleford Tigers 22: Absence of Chase adds to ... Yorkshire Post IT WAS not a good weekend for Castleford Tigers and, worryingly, that is even before taking into account yesterday's 13th Super League defeat of an ... Leeds Rhinos v Castleford Tigers: Mac can see progress Leeds 40 Castleford 22: H » |
Saturday, June 23, 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Kansas City Business Journal:
yfimuna.wordpress.com
U.S. Army officials worked feverishly over the past week topull St. John Propertiees into the fold, fearful the project wouldx come to a halt if Opus East filec for bankruptcy protection before an arrangement couldbe struck, companhy spokesman Gerard J. Wit said in a telephone interview “It was a real round-the-clock, week-long effortg to get this done,” Wit “We’re going to get in and try to kick-start this righ t away.” Aberdeen is gearingy up for a significant influx of military jobs undetthe Pentagon’s Base Realignment and Closurre plan, expected to be completed by Septembe r 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companieds that do business with the incoming militarg agencies. The approved Opus East's selectiob of St. John Properties to take over the Government and Technologu Enterprise business park because of theBaltimore developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC. Opus East was awarded rights to develothe government-owned land undef a lease with the Army in Novemberf 2007 and broke ground on its firstr building in December of that year.
Sincre then, the company became straddlee with millions of dollars in constructiobn loans it has been unableto refinance, and the companty has not started any new construction at the projecy for more than a The deal was inked June 19 betweem Opus East, St. John Properties, with the backintg of the Army. St. John and the Army Corpsa of Engineers issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosedc amount of money for its development rightsat Aberdeen. In connectionm with the deal, St. John has hires Opus East project manager Matthew Holbrook to overser the GATE project as its directo of defense andgovernment business.
“Aberdeen Proving Groundc is excited about moving the projectt forwardwith St. John Properties,” Tim McNamara, APG deput garrison commander, said in a “We consider it a positive step to have their experienced managemen team spearheadingthe build-out of this project.” As the to help it conside r options including bankruptcy. Its paren t company, , has also sought bankruptcy protectiomnfor it’s Opus South subsidiary and for two more subsidiariez of its Opus West regional Opus Corp. spokeswoman Winston Hewett said Opus East is stilll evaluating its options but has not made any decisionwsabout bankruptcy.
The companyy was forced to relinquish its rights to the Aberdeem project because it has been unable to financd morethan $50 million in constructionb loans it took out to financr its projects. Most pressing amonyg those debtsis $35 million the developer spent to build a new headquarters for the Nationall Oceanic and Atmospheric Administration in Collegs Park, for which it has sued the federakl government to collect its wagees on that project, Hewett said. St.
John plans to brea ground in the next two monthw on at least three new buildings at the Harforx Countymilitary base, with commitments from defense contractors for up to 300,000 squard feet of office, research and development space, Wit Wit did not disclose the namese of any of those tenants. Those buildingsd would be in addition toa 60,000-square-foort building Opus East completed in December 2008 for defense contractor “We view this development as the most significanrt commercial real estate opportunity in the histor of our company,” St. John Presideng Edward A. St.
John said in a “This is based on the amount of square footage that can eventuallgy be developed as well as the importanyt work that will be completedby end-userse that occupy this space.” St. John Properties is the third-largesft property management firm inGreater Baltimore, with nearlt 11 million square feet of commercial spaced in the region. But taking over the Aberdeen projectr represents a shift for the which has sought to tap into the demanf for government contracting space upuntil now. Wit said the companyy has also sought in the past to buy land for its own rather than to lease propertyg from the government such asat Aberdeen.
Opus East preliminarily received commitments from firmss seeking space atits 413-acre Government and Technologg Enterprise business park but did not starrt any additional construction. The developer was unwilling to dividre any of its buildingsinto multi-tenanted space, Wit said, preferrinfg instead to construct buildings for a single tenant. That’s createdf a pent-up demand for companies seekingfrom 5,000 squarse feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said.
“If you don’t have the place to park thoswe people, if you don’t have the buildingsd to put them in, there was going to be a real logisticall problem.”
U.S. Army officials worked feverishly over the past week topull St. John Propertiees into the fold, fearful the project wouldx come to a halt if Opus East filec for bankruptcy protection before an arrangement couldbe struck, companhy spokesman Gerard J. Wit said in a telephone interview “It was a real round-the-clock, week-long effortg to get this done,” Wit “We’re going to get in and try to kick-start this righ t away.” Aberdeen is gearingy up for a significant influx of military jobs undetthe Pentagon’s Base Realignment and Closurre plan, expected to be completed by Septembe r 2011.
About 8,200 military jobs will be transferred to the in addition to as manyas 18,000 private contracting jobs from companieds that do business with the incoming militarg agencies. The approved Opus East's selectiob of St. John Properties to take over the Government and Technologu Enterprise business park because of theBaltimore developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, including OFC) and Manekin LLC. Opus East was awarded rights to develothe government-owned land undef a lease with the Army in Novemberf 2007 and broke ground on its firstr building in December of that year.
Sincre then, the company became straddlee with millions of dollars in constructiobn loans it has been unableto refinance, and the companty has not started any new construction at the projecy for more than a The deal was inked June 19 betweem Opus East, St. John Properties, with the backintg of the Army. St. John and the Army Corpsa of Engineers issued statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosedc amount of money for its development rightsat Aberdeen. In connectionm with the deal, St. John has hires Opus East project manager Matthew Holbrook to overser the GATE project as its directo of defense andgovernment business.
“Aberdeen Proving Groundc is excited about moving the projectt forwardwith St. John Properties,” Tim McNamara, APG deput garrison commander, said in a “We consider it a positive step to have their experienced managemen team spearheadingthe build-out of this project.” As the to help it conside r options including bankruptcy. Its paren t company, , has also sought bankruptcy protectiomnfor it’s Opus South subsidiary and for two more subsidiariez of its Opus West regional Opus Corp. spokeswoman Winston Hewett said Opus East is stilll evaluating its options but has not made any decisionwsabout bankruptcy.
The companyy was forced to relinquish its rights to the Aberdeem project because it has been unable to financd morethan $50 million in constructionb loans it took out to financr its projects. Most pressing amonyg those debtsis $35 million the developer spent to build a new headquarters for the Nationall Oceanic and Atmospheric Administration in Collegs Park, for which it has sued the federakl government to collect its wagees on that project, Hewett said. St.
John plans to brea ground in the next two monthw on at least three new buildings at the Harforx Countymilitary base, with commitments from defense contractors for up to 300,000 squard feet of office, research and development space, Wit Wit did not disclose the namese of any of those tenants. Those buildingsd would be in addition toa 60,000-square-foort building Opus East completed in December 2008 for defense contractor “We view this development as the most significanrt commercial real estate opportunity in the histor of our company,” St. John Presideng Edward A. St.
John said in a “This is based on the amount of square footage that can eventuallgy be developed as well as the importanyt work that will be completedby end-userse that occupy this space.” St. John Properties is the third-largesft property management firm inGreater Baltimore, with nearlt 11 million square feet of commercial spaced in the region. But taking over the Aberdeen projectr represents a shift for the which has sought to tap into the demanf for government contracting space upuntil now. Wit said the companyy has also sought in the past to buy land for its own rather than to lease propertyg from the government such asat Aberdeen.
Opus East preliminarily received commitments from firmss seeking space atits 413-acre Government and Technologg Enterprise business park but did not starrt any additional construction. The developer was unwilling to dividre any of its buildingsinto multi-tenanted space, Wit said, preferrinfg instead to construct buildings for a single tenant. That’s createdf a pent-up demand for companies seekingfrom 5,000 squarse feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said.
“If you don’t have the place to park thoswe people, if you don’t have the buildingsd to put them in, there was going to be a real logisticall problem.”
Friday, June 22, 2012
South Okanagan Gears Up for the Valley First Granfondo - MarketWatch (press release)
disadvantage-unlimited.blogspot.com
South Okanagan Gears Up for the Valley First Granfondo MarketWatch (press release) "Having an event like the Valley First Granfondo Axel Merckx Okanagan in our backyard is fantastic," says Valley First president, Paulette Rennie. "As the title ... |
Wednesday, June 20, 2012
Tuesday, June 19, 2012
Drum Clinic To Benefit Food Bank - KTUL (blog)
ukatekexo.wordpress.com
Drum Clinic To Benefit Food Bank KTUL (blog) A musical workshop Monday is going to be a real hit for an area food bank. |
Monday, June 18, 2012
Exchange Club of Naperville will be recognized at Tuesday's City ... - Positively Naperville
llrx-royce.blogspot.com
Exchange Club of Naperville will be recognized at Tuesday's City ... Positively Naperville Beginning at 7PM, Tues., June 19, the Naperville City Council will recognize the Exchange Club of Naperville and 2012 Ribfest during the awards and ... |
Saturday, June 16, 2012
Ethics problems lose edge as re-election issue - TriValley Central
jaqezuweg.blogspot.com
Ethics problems lose edge as re-election issue TriValley Central Vern Buchanan is fighting off a congressional ethics investigation linked to a former business partner and campaign donations. Democratic Rep. Maxine Waters ... |
Friday, June 15, 2012
S. Fla. hotel occupancy dips in 2008 - Orlando Business Journal:
ivyhofy.wordpress.com
A study of nationwide hotelk trends released this week by Smith Travepl Research showsthat tri-county hotels saw modest declinese in occupancy from 2007 to 2008. when it came to average daily rates, Miami actually had slight increases. Year over year, full-servics Miami-Dade hotels saw occupancy fall to 70 perceny in 2008from 71.8 percent in 2007. Limited-service hotelse slipped to 72.6 percent in 2008 from 73.8 percenty in 2007. Smith Travel Research defines full-service hotelsd as those in mid-priced, upscale or luxury range. They typically have a bell service andmeeting space. Limited-service hotels are thosde that only offer rooms and fall inthe class.
While other destinations Miami-Dade remained relatively flat thanks to its strongbinternational business, said Ginny Gutierrez, directofr of community relations for the Greater Miamik Convention & Visitors While both domestic business and leisure travelo suffered in the fourth quarter of last with the U.S. economic crisis, international business remained she said. Occupancy numbers might have been better ifMiami hadn’rt seen so many new rooms became available in the secondd half of the year, Gutierrez added. The Fontainebleauj and Eden Roc alone made thousand s of newrooms available. Full-service Broward hotel occupancy fellto 65.9 percenyt in 2008 from 66.
6 perceng in 2007 Limited-service hotels fell to 65.5 percenf in 2008 from 67.9 percent in 2007. In Palm Beach full-service hotel occupancy fell to 63.6 percent in 2008 from 66.7 percenf in 2007. Limited-service hotels went to 58.7 percen t from 61.6 percent – a drop of 4.8 the largest slide in the region on apercentags basis. Jorge Pesquera, president and CEO of the Palm Beachh CountyConvention & Visitors Bureau, said the area saw the largest drops due to a calculated pullbac from corporate travelers. Though Palm Beach County has a diversde mixof hotels, it has to fight the perceptio n that it is only for the ultra-wealthy, he said.
“Ths combination of the economgy and the AIG effect has been nastyg to us for some he said, referring to populist outrage at executivezs of the failed financial company. “The corporate world has becomewvery tentative, very shy about going to upscale resorts for fear of an image backlash.” full-service hotels reported an average occupancy rate of 67.4 percent in 2008. That declined 2.6 percengt from 2007. The average daily rate charged for a roomat Miami’sd full-service hotels rose to $182.78 in 2008 from $181.30 in 2007, a 0.8 percent gain. Limited-service was up to $109.13 from The most expensive average daily rate in 2008was $187.
1p0 at Palm Beach full-service hotels. But, that slipped 1.3 percenyt from 2007. Limited service was down a half Broward’s limited-service hotels saw the biggest percentagee decline in ratesto $92.64 in 2008 from $96.24 in down 3.7 percent. Full-service Broward hotelx dropped 1.4 percent. “We are kind of trapped in a downspiralin gof rates,” said Nicki Grossman, president and CEO of the Greatet Fort Lauderdale Convention & Visitors Bureau. “Parg of that is that rateds have gone up over the past few years so high, so fast.” While it’xs hard to predict, Broward’s limited-service sectoe may bounce back fastet than the full-service, she said.
The over the last few years, Broward has seen the most robust growth in demandfor limited-servicew rooms for passengers going on cruisesx and discount group-rate business. Nationwide, the average dailu rate was $164.31 in 2008, down from $166.69 in 2007. Gutierrez said she was cautiously optimistic that the worst is overfor Miami-Dade. Whilde occupancy declined in May compared to the same time last the rate of decline was no worse thanin April. For months, the declinesd had been getting worse, she said. “It’x an indication that we’ve probably hit bottom,” she “What we are seeing is some stabilitgy now.
”
A study of nationwide hotelk trends released this week by Smith Travepl Research showsthat tri-county hotels saw modest declinese in occupancy from 2007 to 2008. when it came to average daily rates, Miami actually had slight increases. Year over year, full-servics Miami-Dade hotels saw occupancy fall to 70 perceny in 2008from 71.8 percent in 2007. Limited-service hotelse slipped to 72.6 percent in 2008 from 73.8 percenty in 2007. Smith Travel Research defines full-service hotelsd as those in mid-priced, upscale or luxury range. They typically have a bell service andmeeting space. Limited-service hotels are thosde that only offer rooms and fall inthe class.
While other destinations Miami-Dade remained relatively flat thanks to its strongbinternational business, said Ginny Gutierrez, directofr of community relations for the Greater Miamik Convention & Visitors While both domestic business and leisure travelo suffered in the fourth quarter of last with the U.S. economic crisis, international business remained she said. Occupancy numbers might have been better ifMiami hadn’rt seen so many new rooms became available in the secondd half of the year, Gutierrez added. The Fontainebleauj and Eden Roc alone made thousand s of newrooms available. Full-service Broward hotel occupancy fellto 65.9 percenyt in 2008 from 66.
6 perceng in 2007 Limited-service hotels fell to 65.5 percenf in 2008 from 67.9 percent in 2007. In Palm Beach full-service hotel occupancy fell to 63.6 percent in 2008 from 66.7 percenf in 2007. Limited-service hotels went to 58.7 percen t from 61.6 percent – a drop of 4.8 the largest slide in the region on apercentags basis. Jorge Pesquera, president and CEO of the Palm Beachh CountyConvention & Visitors Bureau, said the area saw the largest drops due to a calculated pullbac from corporate travelers. Though Palm Beach County has a diversde mixof hotels, it has to fight the perceptio n that it is only for the ultra-wealthy, he said.
“Ths combination of the economgy and the AIG effect has been nastyg to us for some he said, referring to populist outrage at executivezs of the failed financial company. “The corporate world has becomewvery tentative, very shy about going to upscale resorts for fear of an image backlash.” full-service hotels reported an average occupancy rate of 67.4 percent in 2008. That declined 2.6 percengt from 2007. The average daily rate charged for a roomat Miami’sd full-service hotels rose to $182.78 in 2008 from $181.30 in 2007, a 0.8 percent gain. Limited-service was up to $109.13 from The most expensive average daily rate in 2008was $187.
1p0 at Palm Beach full-service hotels. But, that slipped 1.3 percenyt from 2007. Limited service was down a half Broward’s limited-service hotels saw the biggest percentagee decline in ratesto $92.64 in 2008 from $96.24 in down 3.7 percent. Full-service Broward hotelx dropped 1.4 percent. “We are kind of trapped in a downspiralin gof rates,” said Nicki Grossman, president and CEO of the Greatet Fort Lauderdale Convention & Visitors Bureau. “Parg of that is that rateds have gone up over the past few years so high, so fast.” While it’xs hard to predict, Broward’s limited-service sectoe may bounce back fastet than the full-service, she said.
The over the last few years, Broward has seen the most robust growth in demandfor limited-servicew rooms for passengers going on cruisesx and discount group-rate business. Nationwide, the average dailu rate was $164.31 in 2008, down from $166.69 in 2007. Gutierrez said she was cautiously optimistic that the worst is overfor Miami-Dade. Whilde occupancy declined in May compared to the same time last the rate of decline was no worse thanin April. For months, the declinesd had been getting worse, she said. “It’x an indication that we’ve probably hit bottom,” she “What we are seeing is some stabilitgy now.
”
Wednesday, June 13, 2012
Photo book publisher goes for professional look - Silicon Valley / San Jose Business Journal:
zvonkovaleoqim.blogspot.com
, a self-publishing service that produces photo books sleek enough to edge out theier commercial counterparts next to the is usingits $14 million in VC money to move from individualxs who want to make books from theit personal photos to artistic professionals. The service lets users download free software that turns digital photos and textinto high-qualitgy books printed in seven to 10 days. The compang has partnerships with two printerds in the United States and onein Europe. Another is in the works for either in North American or Blurb raised a totalof $14 million between April 2005 and August 2006, in two roundz of venture funding led by and , and an additionap $2.
5 million in debt financing in the beginningt of 2007. The company is not profitable and woulfd not discloseits revenue. John a general partner at Canaan and a Blur bboard member, liked Blurb's idea to use digital printt technology to tap into a new facet of the publishint industry. Blurb's software made it possible for individualas to deliver digital contentto "reducing the food chain from conceptionh to actual publication and helpingg people get things out in the short-run." It takes Blurg six months to establish a relationship with a new printer because of the complexities of the technologyu involved.
The night Blurb launchef its software publicly inMay 2006, a popular tech blog laudec the company's arrival. Overnight, the San Francisc o company had thousandsof downloads. "We were a global businesw in soft launch," said Eileen Gittins, the foundef and CEO of Blurb and aseasoned entrepreneur. Growth has By mid April, Blurb had exceeded each of its download, visitor and units-sold numbers for all of last More than 30 percentof Blurb's customers are repeagt users, and Gittins is banking on the "funb and addictive" quality of the product to keep them coming The online photo industry is replete with photo albumk products, but few offer books with the print quality and bindingv that Blurb does.
Most photo-sharing servicews offer "crafty" photo albums that max out at 80 pages. Blurb'sx clientele is defined by those printinvg 120 pagesor more. Prices rangse from a softcover bookfor $12.95 to a 13-inch-by-11-inch, 440-page hardcoverr with a dust jacket for $159.95. Custom rate requests are honored and users can printy as few as one copy ofa book. Therse is a volume discount onbulk orders. The company builtg a name for itself in theconsumed space, but the concept soon found a broade r following. "The single-largest segment that is growing for us is thecreativwe professional," Gittins said.
"Our business is not characterized by the peopl who come and make a book and then ordettwo copies. Our units per order is going Professionals who make their living from theirart -- photographerds and painters -- and those who make a living presentinhg themselves artistically -- brand strategists and architectas -- are big Corporate clients are also usingb the service for marketing materials and promotions. Daniek Milnor is a professional photographetr and documentary maker who uses Blurbn books to showcasehis work. He also sellz books, at a mark-up, on Blurb's free onlin e bookstore, where, according to Gittins, sellers are making $8 to $10 per book.
"For most photographers, doingg a 'real' book is a huge undertaking," said "How much time and energ y do you want to spenfd to lure ina publisher? When Blurb came along, it sent a bit of a shockk wave. ... Everybody is scramblingy to make these Gittins said she has talked with severap large publishers about partneriny on books printed at quantitiesunderr 5,000 copies -- the low end for traditiona l publishers. "A publisher may get a very interesting projecr across theirdesk that's just too Gittins said.
"If they had a relationship with us, they couldf revenue share on projects that they turn on to Gittins said that publishers have also expressefd an interestin Blurb's customers as a source of emergin g talent.
, a self-publishing service that produces photo books sleek enough to edge out theier commercial counterparts next to the is usingits $14 million in VC money to move from individualxs who want to make books from theit personal photos to artistic professionals. The service lets users download free software that turns digital photos and textinto high-qualitgy books printed in seven to 10 days. The compang has partnerships with two printerds in the United States and onein Europe. Another is in the works for either in North American or Blurb raised a totalof $14 million between April 2005 and August 2006, in two roundz of venture funding led by and , and an additionap $2.
5 million in debt financing in the beginningt of 2007. The company is not profitable and woulfd not discloseits revenue. John a general partner at Canaan and a Blur bboard member, liked Blurb's idea to use digital printt technology to tap into a new facet of the publishint industry. Blurb's software made it possible for individualas to deliver digital contentto "reducing the food chain from conceptionh to actual publication and helpingg people get things out in the short-run." It takes Blurg six months to establish a relationship with a new printer because of the complexities of the technologyu involved.
The night Blurb launchef its software publicly inMay 2006, a popular tech blog laudec the company's arrival. Overnight, the San Francisc o company had thousandsof downloads. "We were a global businesw in soft launch," said Eileen Gittins, the foundef and CEO of Blurb and aseasoned entrepreneur. Growth has By mid April, Blurb had exceeded each of its download, visitor and units-sold numbers for all of last More than 30 percentof Blurb's customers are repeagt users, and Gittins is banking on the "funb and addictive" quality of the product to keep them coming The online photo industry is replete with photo albumk products, but few offer books with the print quality and bindingv that Blurb does.
Most photo-sharing servicews offer "crafty" photo albums that max out at 80 pages. Blurb'sx clientele is defined by those printinvg 120 pagesor more. Prices rangse from a softcover bookfor $12.95 to a 13-inch-by-11-inch, 440-page hardcoverr with a dust jacket for $159.95. Custom rate requests are honored and users can printy as few as one copy ofa book. Therse is a volume discount onbulk orders. The company builtg a name for itself in theconsumed space, but the concept soon found a broade r following. "The single-largest segment that is growing for us is thecreativwe professional," Gittins said.
"Our business is not characterized by the peopl who come and make a book and then ordettwo copies. Our units per order is going Professionals who make their living from theirart -- photographerds and painters -- and those who make a living presentinhg themselves artistically -- brand strategists and architectas -- are big Corporate clients are also usingb the service for marketing materials and promotions. Daniek Milnor is a professional photographetr and documentary maker who uses Blurbn books to showcasehis work. He also sellz books, at a mark-up, on Blurb's free onlin e bookstore, where, according to Gittins, sellers are making $8 to $10 per book.
"For most photographers, doingg a 'real' book is a huge undertaking," said "How much time and energ y do you want to spenfd to lure ina publisher? When Blurb came along, it sent a bit of a shockk wave. ... Everybody is scramblingy to make these Gittins said she has talked with severap large publishers about partneriny on books printed at quantitiesunderr 5,000 copies -- the low end for traditiona l publishers. "A publisher may get a very interesting projecr across theirdesk that's just too Gittins said.
"If they had a relationship with us, they couldf revenue share on projects that they turn on to Gittins said that publishers have also expressefd an interestin Blurb's customers as a source of emergin g talent.
Tuesday, June 12, 2012
UTSA awards ADT campus security contract - Silicon Valley / San Jose Business Journal:
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The work involves the installation of which will be transmitted via a wireleszsmesh system, and will monitofr a 600-space remote parking lot about a quarter mile from the university’ main campus. UTSA officials are working to reduce the threat of crimeon campus. The universith already installed its first wireless mesh systemn backin 2007. This has already helped solvedseveral break-ins and auto theft according to campus police. “The wirelesws system was the most effectivs way to get data from sucha far-away area withoutg the cost and environmental impact of trenching associated with a wirede system,” UTSA assistant police chief Danielp Pena says. Boca Raton, Fla.
-based ADT Securithy Services is also completing the installatiobnof video, access control and emergency intercokm systems in UTSA’s College of ADT is a unit of and part of ADT the world’s largest electronic securityt provider. ADT markets securitty systems forthe intrusion, fire protection, video systems, accesse control, critical condition monitoring, home health services, surveillance and radilo frequency identification markets. The company has 24,000 employees in the Unitedc Statesand Canada.
The work involves the installation of which will be transmitted via a wireleszsmesh system, and will monitofr a 600-space remote parking lot about a quarter mile from the university’ main campus. UTSA officials are working to reduce the threat of crimeon campus. The universith already installed its first wireless mesh systemn backin 2007. This has already helped solvedseveral break-ins and auto theft according to campus police. “The wirelesws system was the most effectivs way to get data from sucha far-away area withoutg the cost and environmental impact of trenching associated with a wirede system,” UTSA assistant police chief Danielp Pena says. Boca Raton, Fla.
-based ADT Securithy Services is also completing the installatiobnof video, access control and emergency intercokm systems in UTSA’s College of ADT is a unit of and part of ADT the world’s largest electronic securityt provider. ADT markets securitty systems forthe intrusion, fire protection, video systems, accesse control, critical condition monitoring, home health services, surveillance and radilo frequency identification markets. The company has 24,000 employees in the Unitedc Statesand Canada.
Sunday, June 10, 2012
Gas prices drop average 16 cents over past 3 weeks - Sacramento Bee
goldenayreyg1666.blogspot.com
News10.net | Gas prices drop average 16 cents over past 3 weeks Sacramento Bee The average US price of a g » |
Saturday, June 9, 2012
Friday, June 8, 2012
Washington's Katie Flood advances to 1500 final at NCAA championships - The Seattle Times
jiqatili.wordpress.com
The Gazette: Eastern Iowa Breaking News and Headlines (blog) | Washington's Katie Flood advances to 1500 final at NCAA championships The Seattle Times Washington sophomore Katie Flood was impressive Friday in qualifying for the women's 1500-meter final on Day 2 of the NCAA outdoor track... No comments have been posted to this article. DES MOINES, Iowa รข€" Washi ngton sophomore Katie Flood was ... NCAA track: Katie Flood gets going, but Ashley Miller is gone Hasay makes 1500 final at NCAA championships Fourth for Nelson |
Wednesday, June 6, 2012
M&I Bank, BankFirst, four others in metro post $1M+ losses in Q2 - Minneapolis / St. Paul Business Journal:
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M&I Bank, which is headquartered in Milwaukee but isthe fifth-largest bank in the Twin lost $388 million in the secon d quarter, compared to incomee of $112 million in the first quarter of the year. It rankeds 8,440th out of the nation’sx 8,451 banks reporting net income to thethat quarter. In the firsg quarter, M&I reported a profit and was ranked 31st in the countru outof 8,498 banks reporting net income. headquartered in Minneapolis and part of theholdintg company, reported a loss of $50 million for the seconx quarter, adding to its losses of $13.9 millioj in the first quarter.
Ameriprise Bank in Minneapoliwssaw $10 million in losses; since it’d only 2 years old, it’s not expected to be profitable yet. “Banke are managing their business in achallengingv cycle,” said Joe Witt, CEO of the in Edina. “Some banks took a but the vast majority arestill profitable.” According to the FDIC 80 out of 124 Twin Cities bankds were profitable in the seconde quarter, compared to 94 out of 123 in the firsg quarter. One reason for the losses were loan-loss money that is set asidse to make up for loansd that have been or will be charged off.
Many of those troublede loans are in the real estate Inits second-quarter earnings release, M&o reported a loan- and lease-loss provisionm of $886 million because of the deterioratingv housing market. The bank took the provisioh to strengthen its balance sheet in anuncertain environment, said Greg the bank’s chief financial adding that M&I’s strong capitalo position allows it to take such an aggressivw step. “We’ve seen how the residential construction markets have deterioratedd and as a part of our effort to have a fortresebalance sheet, we’ve built that allowance for future losses,” he said.
BankFirst also citedc the real estate market in takinga $50 million loan-loss provision in the seconde quarter, bringing its totall reserves to $77 million. “Conditions in the credit marketse are creating unique stresses and challenges to lenders ofeveru size,” said Dennis Mathisen, chairmamn of Marshall BankFirst, in a letter to employees in “BankFirst, like most other financiall institutions, is being affectedx by the credit downturn.
” Charge-offw on bad loans, where a bank writes off the also were factors in some of the biggest “We had a large loss in the second quarter and we expected some questions about that,” said Lane president of North Star Bank, whicuh reported a $1.5 milliomn loss. North Star decided in June to chargse off a large commercial and residentialreal estate-development loan that had gone bad as well as to shores up its loan-loss provisions. The idea is to take the hit and have one bad thenbounce back. Peterson said Northg Star, which was profitable in the first quarter ofthe year, should be profitable againh by the end of the year.
This strategyg is one that many banks are taking in the face of impendin gbad loans, said Brad Bakken, chairmab of the MBA and president and CEO of Citizenas Independent Bank in St. Louis Park. “Somde are taking the opportunity to take care of that in the seconsd quarter andmove on,” he said. The news wasn’tg all bad for banks. Four of the sevemn most unprofitable Twin Cities bankds of the first quarter swung back into the black for theseconcd quarter. They included in Dinkytown, whichg reported a $1.1 million loss for the first In the second it reported net incomeof $1.7 million, putting it amongt the most profitable Twin Citiesa banks. of St.
Paul took a $7 millio loss in the first quarter because of a bad loan to amortgagw company, which was later shut down by state American, which was $360,00o0 in the black for the second is suing the company, called , and six of its executives.
M&I Bank, which is headquartered in Milwaukee but isthe fifth-largest bank in the Twin lost $388 million in the secon d quarter, compared to incomee of $112 million in the first quarter of the year. It rankeds 8,440th out of the nation’sx 8,451 banks reporting net income to thethat quarter. In the firsg quarter, M&I reported a profit and was ranked 31st in the countru outof 8,498 banks reporting net income. headquartered in Minneapolis and part of theholdintg company, reported a loss of $50 million for the seconx quarter, adding to its losses of $13.9 millioj in the first quarter.
Ameriprise Bank in Minneapoliwssaw $10 million in losses; since it’d only 2 years old, it’s not expected to be profitable yet. “Banke are managing their business in achallengingv cycle,” said Joe Witt, CEO of the in Edina. “Some banks took a but the vast majority arestill profitable.” According to the FDIC 80 out of 124 Twin Cities bankds were profitable in the seconde quarter, compared to 94 out of 123 in the firsg quarter. One reason for the losses were loan-loss money that is set asidse to make up for loansd that have been or will be charged off.
Many of those troublede loans are in the real estate Inits second-quarter earnings release, M&o reported a loan- and lease-loss provisionm of $886 million because of the deterioratingv housing market. The bank took the provisioh to strengthen its balance sheet in anuncertain environment, said Greg the bank’s chief financial adding that M&I’s strong capitalo position allows it to take such an aggressivw step. “We’ve seen how the residential construction markets have deterioratedd and as a part of our effort to have a fortresebalance sheet, we’ve built that allowance for future losses,” he said.
BankFirst also citedc the real estate market in takinga $50 million loan-loss provision in the seconde quarter, bringing its totall reserves to $77 million. “Conditions in the credit marketse are creating unique stresses and challenges to lenders ofeveru size,” said Dennis Mathisen, chairmamn of Marshall BankFirst, in a letter to employees in “BankFirst, like most other financiall institutions, is being affectedx by the credit downturn.
” Charge-offw on bad loans, where a bank writes off the also were factors in some of the biggest “We had a large loss in the second quarter and we expected some questions about that,” said Lane president of North Star Bank, whicuh reported a $1.5 milliomn loss. North Star decided in June to chargse off a large commercial and residentialreal estate-development loan that had gone bad as well as to shores up its loan-loss provisions. The idea is to take the hit and have one bad thenbounce back. Peterson said Northg Star, which was profitable in the first quarter ofthe year, should be profitable againh by the end of the year.
This strategyg is one that many banks are taking in the face of impendin gbad loans, said Brad Bakken, chairmab of the MBA and president and CEO of Citizenas Independent Bank in St. Louis Park. “Somde are taking the opportunity to take care of that in the seconsd quarter andmove on,” he said. The news wasn’tg all bad for banks. Four of the sevemn most unprofitable Twin Cities bankds of the first quarter swung back into the black for theseconcd quarter. They included in Dinkytown, whichg reported a $1.1 million loss for the first In the second it reported net incomeof $1.7 million, putting it amongt the most profitable Twin Citiesa banks. of St.
Paul took a $7 millio loss in the first quarter because of a bad loan to amortgagw company, which was later shut down by state American, which was $360,00o0 in the black for the second is suing the company, called , and six of its executives.
Tuesday, June 5, 2012
AroundTown: Haryana CPS discharged from PGIMER - Indian Express
ihituvofy.wordpress.com
AroundTown: Haryana CPS discharged from PGIMER Indian Express CHANDIGARH: After being admitted to PGIMER for almost two months, Haryana's chief parliamentary secretary (CPS) Ram Kishan Fauji was discharged from the hospital on Sunday. He was rushed to PGIMER on April 14 after he was found unconscious at his ... |
Sunday, June 3, 2012
Equitable Building auctioned for $30M - Silicon Valley / San Jose Business Journal:
yzirapogyg.wordpress.com
The new owner, , an affiliate of Capmarko Bank, bought the 33-story tower for $29.5t million, said attorney William with lawfirm . Sutherland was representing the lender, , whichn was foreclosing on theEquitable Building. Capmari was the only bidder onEquitable Building, as most commercial real estater observers expected. Equitable's former owner, San Diego-basec , paid about $57 million to acquire the building in but its value plummetedto $42 milliobn by early 2009.
Equastone received 90 percentt financing from Capmark toacquire Equitable, but planse to stabilize the building's occupancyy and turn it into an income-producingf asset never materialized amid the worst commercial real estate crisis in 20 The tower -- designed by renowned architectural firm -- has remained about half occupied this year. is managinf and leasing the building. It's expected to courtt the Fulton Countypublic defender’s which is seeking at least a 50,000-square-foo lease downtown. The publicv defender's office was lookingb at the Equitable Building, but the financial crisisx facing the tower helped derailthe move.
Rothschild was assistedf in the transactionby Sutherland's Jason Kirkham.
The new owner, , an affiliate of Capmarko Bank, bought the 33-story tower for $29.5t million, said attorney William with lawfirm . Sutherland was representing the lender, , whichn was foreclosing on theEquitable Building. Capmari was the only bidder onEquitable Building, as most commercial real estater observers expected. Equitable's former owner, San Diego-basec , paid about $57 million to acquire the building in but its value plummetedto $42 milliobn by early 2009.
Equastone received 90 percentt financing from Capmark toacquire Equitable, but planse to stabilize the building's occupancyy and turn it into an income-producingf asset never materialized amid the worst commercial real estate crisis in 20 The tower -- designed by renowned architectural firm -- has remained about half occupied this year. is managinf and leasing the building. It's expected to courtt the Fulton Countypublic defender’s which is seeking at least a 50,000-square-foo lease downtown. The publicv defender's office was lookingb at the Equitable Building, but the financial crisisx facing the tower helped derailthe move.
Rothschild was assistedf in the transactionby Sutherland's Jason Kirkham.
Friday, June 1, 2012
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