soileauifyyfa1786.blogspot.com
The deal will make Torrence, Calif.-based Farmer (NASDAQ: FARM) the nation’s largest direct-store delivert business for coffee and allied and give the institutional coffee roaster a substantiakHouston presence, according to Jim a spokesman for Farmer In addition to the Houston plant, Farmer Bros. will acquire 20,000 Sara Lee customers; more than 60 facilities; a fleet of vehicles; a distribution and spice facility inOklahomza City, Okla.; and 10 brands of coffee including Superiofr Coffee. Superior Coffee is roasted in Houstoj and two other SaraLee plants. Farmedr Bros. will license the brands back toDowners Ill.
-based Sara Lee (NYSE: SLE) for a transitionn period, according to Sara Lee. The agreemeny also calls for both companies to havea "reciproca l co-pack arrangement" for the suppl of certain coffee and tea productse for the next three years. Lucae said the Houston plant, which employs 200 is an important part of the acquisitiob forFarmer Bros. not only because of its but foreconomic reasons, such as to cut transportation “Right now, the company is roasting coffee in Torrence and drivintg it to Charlotte, he added. The companies expect to close the agreemeny inearly 2009.
Friday, March 23, 2012
Wednesday, March 21, 2012
Asean needs a coherent policy on China and the US - AsiaOne
tarpleypymibujuh1491.blogspot.com
AsiaOne | Asean needs a coherent policy on China and the US AsiaOne By Simon Tay But many in Asia, and especially Southeast Asia, feel a change in both perception and action. Summitry with Asean is at a new high point, and the US presence is strongly felt on competing claims in the South China Sea. |
Monday, March 19, 2012
Copeland giving back once again - Hernando Today
Microwave Amarillo
Copeland giving back once again Hernando Today Former Tampa Bay Buccaneer Horace Copeland runs with campers during last year's Horace "Hi-C" Copeland Football Camp. ALICE MARY HERDEN Horace Copeland talks with campers on the Springstead football field during his camp last summer. |
Saturday, March 17, 2012
Bauer Financial issues Q1 credit union ratings - St. Louis Business Journal:
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The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/lose trend, delinquent loans and other Bauer's rating ranks from a high of 5 stard to a low of 0 Of the 10 largest South Floridw credit unions by six maintained a five-stat (superior) rating: IBM Southeast Employees Creditf Union and Brightstar Credit Union held on to theidr four stars (excellent) in the first They had been downgraded from five starxs in the third quarter. Priorityu One Credit Union in Sunrise fell from to threer stars from four stars in the firsty quarterwith 69.9 million in assets, 1.6 percent of whicuh were nonperforming.
, South Florida’s second-largest credit uniomn with $738 million in held on to its thred stars in thefirst quarter. It was downgrades to three stars (adequate) from four staras in the fourth quarter. The Pembrokes Pines-based credit union counted 1.74 percent of its assetzs as nonperforming. First Choice in West Palm Beachn also hadthree stars. , the largest in Soutj Florida with $1.62 billion in assets, remained the only credi t union in the state rated zero starsby Bauer. The Miramar-based credif union counted 8.6 percenyt of its assets as nonperforming. It was placesd into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the ousterdits management.
Space Coast Credit Uniom has shown an in acquiringEasternn Financial.
The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/lose trend, delinquent loans and other Bauer's rating ranks from a high of 5 stard to a low of 0 Of the 10 largest South Floridw credit unions by six maintained a five-stat (superior) rating: IBM Southeast Employees Creditf Union and Brightstar Credit Union held on to theidr four stars (excellent) in the first They had been downgraded from five starxs in the third quarter. Priorityu One Credit Union in Sunrise fell from to threer stars from four stars in the firsty quarterwith 69.9 million in assets, 1.6 percent of whicuh were nonperforming.
, South Florida’s second-largest credit uniomn with $738 million in held on to its thred stars in thefirst quarter. It was downgrades to three stars (adequate) from four staras in the fourth quarter. The Pembrokes Pines-based credit union counted 1.74 percent of its assetzs as nonperforming. First Choice in West Palm Beachn also hadthree stars. , the largest in Soutj Florida with $1.62 billion in assets, remained the only credi t union in the state rated zero starsby Bauer. The Miramar-based credif union counted 8.6 percenyt of its assets as nonperforming. It was placesd into conservatorship by Florida regulators on Aprilk 24 after heavy losses and the ousterdits management.
Space Coast Credit Uniom has shown an in acquiringEasternn Financial.
Thursday, March 15, 2012
Recession forces businesses to rethink employee perks - bizjournals:
qalymeled.wordpress.com
Many of the Vallegy businesses contacted for this story declinedx to comment about their cost even though struggling industries suchas construction, financialk services, real estate, the media and the public sectot are enduring a variety of cost-cuttinvg moves. Still, a few Phoenix-area businesses acknowledgeed curtailingbusiness travel, hikin co-pays for benefits, and reducing some amenities and while some others said they aren’t cutting benefitzs or perks. has asked employees to pay more toward their benefits to keep those offerings and make it througghtough times, said Katherine Cecala, the charitable group’a chief operating officer.
Some companies are dictating the but others are giving employees the choice of what to keep and what to get rid of in the face ofneedexd savings. “Even in tough times, if your staff isn’ t operating productively and happily, the service to clients said David Eichler, a principao of Phoenix-based . “So what we did, rather than just blindlyt slashing the budget of everything we estimated how much attrition there would be in the business and cut costd by thesame percentage.
Then we took the part of the budgeft that covers things like stocking the and assigned it to our We wanted to give them ownership dare we say anallowance — to preservd what was important to them, but do it Marianne Jennings, a business ethics professor at Arizona State University’ s W.P. Carey School of Business, said companie are cutting perks and benefits not onlyfor rank-and-fil e staff, but also for company executives who are undedr scrutiny in the wake of the Wall Street bailoutg and firestorms over CEO pay and executive retreats. “I am seeing that the perks such asfinanciapl planning, cars, etc., are Paying dues for country clubs, etc.
, is going by the wayside,” Jennings said. “I also see that companies are even balking at payinyg for participation in charitablegolf tournaments. She also said businessesw are scaling back on college tuitionnreimbursement benefits. Dona Nutini, an employmenty attorney with lawfirm , said some cost-consciouas employers are finding savings in new healtjh and dental plans as providers offer discounts to new customers. recently had its employeesw start paying more for cablseboxes — but that was because of a tax liabilityy issue, not the economy, said spokeswoman Andreaa Katsenes.
The telecommunications company still is offering its employeeds free cable and reducedphone prices, she said. Some businesse s not only are keeping all of their amenities and but also are addingnew ones. Phoenix-based , for recently opened a child care and fitnessa center at its northPhoenix headquarters, said spokeswomab Jessica Douglas. Vice Presidentt Elizabeth Driscoll saidthe Scottsdale-based Web domain firm has not cut any perkw or benefits.
Many of the Vallegy businesses contacted for this story declinedx to comment about their cost even though struggling industries suchas construction, financialk services, real estate, the media and the public sectot are enduring a variety of cost-cuttinvg moves. Still, a few Phoenix-area businesses acknowledgeed curtailingbusiness travel, hikin co-pays for benefits, and reducing some amenities and while some others said they aren’t cutting benefitzs or perks. has asked employees to pay more toward their benefits to keep those offerings and make it througghtough times, said Katherine Cecala, the charitable group’a chief operating officer.
Some companies are dictating the but others are giving employees the choice of what to keep and what to get rid of in the face ofneedexd savings. “Even in tough times, if your staff isn’ t operating productively and happily, the service to clients said David Eichler, a principao of Phoenix-based . “So what we did, rather than just blindlyt slashing the budget of everything we estimated how much attrition there would be in the business and cut costd by thesame percentage.
Then we took the part of the budgeft that covers things like stocking the and assigned it to our We wanted to give them ownership dare we say anallowance — to preservd what was important to them, but do it Marianne Jennings, a business ethics professor at Arizona State University’ s W.P. Carey School of Business, said companie are cutting perks and benefits not onlyfor rank-and-fil e staff, but also for company executives who are undedr scrutiny in the wake of the Wall Street bailoutg and firestorms over CEO pay and executive retreats. “I am seeing that the perks such asfinanciapl planning, cars, etc., are Paying dues for country clubs, etc.
, is going by the wayside,” Jennings said. “I also see that companies are even balking at payinyg for participation in charitablegolf tournaments. She also said businessesw are scaling back on college tuitionnreimbursement benefits. Dona Nutini, an employmenty attorney with lawfirm , said some cost-consciouas employers are finding savings in new healtjh and dental plans as providers offer discounts to new customers. recently had its employeesw start paying more for cablseboxes — but that was because of a tax liabilityy issue, not the economy, said spokeswoman Andreaa Katsenes.
The telecommunications company still is offering its employeeds free cable and reducedphone prices, she said. Some businesse s not only are keeping all of their amenities and but also are addingnew ones. Phoenix-based , for recently opened a child care and fitnessa center at its northPhoenix headquarters, said spokeswomab Jessica Douglas. Vice Presidentt Elizabeth Driscoll saidthe Scottsdale-based Web domain firm has not cut any perkw or benefits.
Tuesday, March 13, 2012
Anheuser-Busch to launch Bud Light Golden Wheat - St. Louis Business Journal:
ofycagvezi.blogspot.com
The addition to the Bud Light familgy follows the The marketing budge t for Bud Light Golden Wheat will be about similar to the marketing budget for BudLightt Lime, according to Keith Levy, vice president of marketing. The ads will be outdoors, in print and on TV, he Levy said the brewer hopes to attract not onlyestablishede A-B product drinkers but also "trendsetters" who want to try somethingh new. A-B wants to tap into the surgd in popularity of sweete beers and wheat beers fromcraftg brewers. But "we're not tryingh to outcraft craft," Levy said. "We're tryinfg to capitalize on anemerginyg style.
" The beer will use unfiltered wheart so it will look cloudier than its Bud Lighyt counterpart and will have orange and coriander, also knowh as cilantro, as ingredientse to give it a bigger, sweeter according to Levy. St. Louis-based Anheuser-Busch is owned by Belgium-baserd , the world’s largest brewer.
The addition to the Bud Light familgy follows the The marketing budge t for Bud Light Golden Wheat will be about similar to the marketing budget for BudLightt Lime, according to Keith Levy, vice president of marketing. The ads will be outdoors, in print and on TV, he Levy said the brewer hopes to attract not onlyestablishede A-B product drinkers but also "trendsetters" who want to try somethingh new. A-B wants to tap into the surgd in popularity of sweete beers and wheat beers fromcraftg brewers. But "we're not tryingh to outcraft craft," Levy said. "We're tryinfg to capitalize on anemerginyg style.
" The beer will use unfiltered wheart so it will look cloudier than its Bud Lighyt counterpart and will have orange and coriander, also knowh as cilantro, as ingredientse to give it a bigger, sweeter according to Levy. St. Louis-based Anheuser-Busch is owned by Belgium-baserd , the world’s largest brewer.
Saturday, March 10, 2012
Kansas will get $22.6M in stimulus money for weatherization - Kansas City Business Journal:
llrx-royce.blogspot.com
million for its weatherization program from the through the American Reinvestment and Recoveryh Actof 2009. The money is in additio to $5.6 million the statr received earlier this year from the Kansas is one of four statez to have received a seconxd round of stimulus money for weatherization The othersare Oregon, Arizona and Mississippi. Kansas will get a total of $56 million in stimulus mone for theweatherization program, leading to an additiona 5,820 weatherized homes and about 35 new jobs Larry Bentley, weatherization program manager with the , said If current financing remains, the number of homes weatherized in the next thred years could exceed 9,000.
Bentley said the statse has to prove its abilithy to spend the moneyy before it receives thelast $28 million, whicyh he expects will be sometimw next year. The state has until Marcj 30, 2012, to spend the money. He said othedr states did not receive the secondx round of financing because the EnergDepartment hasn’t approved their state plans, whicy were due May 12. The department granted Missouri $128 milliom for its weatherization program. Jackson, Leavenworth, Jeffersonn and six other counties in northeast Kansasw willreceive $1.
7 million of the state’s totall to weatherize homes in the said Jack Shaefer, weatherization director for the Northeastt Kansas Community Action Program. He said he expectsd the state to make the recently released mone y availablenext month. The stimulus money will enable the progra to double itsusual capacity, Shaefer said, leading to the weatherizatiohn of 600 homes in the next three years. He said the prograj will hire five new nearly doubling its current to help meet its weatherization goals for thestimuluxs allocations.
The stimulus money will alloew for more comprehensive weatherizationand energy-saving assistance, Shaefer The allowable average cost per home in Kansas increasecd from $4,500 last year to $6,500 with stimulusw money, he said. Rathe r than focusing on core weatherization measures, such as insulation and air sealing, Shaefer said his office now can assess and replaceinefficienr items, such as light bulbs, furnacezs and refrigerators. He said he expects the bulk of the weatherizationh work to begin earlynext year. Shaeferf said that weatherizing homes goes farbeyonr “knocking $20 off someone’s energy bill.
” Becausw weatherization reduces energy demand, Shaefer said the benefitds range from fewer greenhouse gas emissionsd to fewer new power plants. Weatherization assessment also relieves the health care system because it helpa keep people out of the hospitalo for carbon monoxide poisoningand pneumonia, he said. Weatherizationh programs nationwidereceived $5 billion from the stimuluss act. President Obama has stated a goal of weatherizing 1 million homes a Since it began in the program hasweatherized 6.2 million according to the Energy Department.
Only householdsz at or below 200 percent of the federal povertylevelp — $44,000 a year for a familt of four — are eligible to receive money from the weatherization program. The department estimates that 38 million households are eligibld forservices nationwide. According to departmen t estimates, weatherization reduces heating bills by 32 percenrt and cuts energy bills an averageof $350 a
million for its weatherization program from the through the American Reinvestment and Recoveryh Actof 2009. The money is in additio to $5.6 million the statr received earlier this year from the Kansas is one of four statez to have received a seconxd round of stimulus money for weatherization The othersare Oregon, Arizona and Mississippi. Kansas will get a total of $56 million in stimulus mone for theweatherization program, leading to an additiona 5,820 weatherized homes and about 35 new jobs Larry Bentley, weatherization program manager with the , said If current financing remains, the number of homes weatherized in the next thred years could exceed 9,000.
Bentley said the statse has to prove its abilithy to spend the moneyy before it receives thelast $28 million, whicyh he expects will be sometimw next year. The state has until Marcj 30, 2012, to spend the money. He said othedr states did not receive the secondx round of financing because the EnergDepartment hasn’t approved their state plans, whicy were due May 12. The department granted Missouri $128 milliom for its weatherization program. Jackson, Leavenworth, Jeffersonn and six other counties in northeast Kansasw willreceive $1.
7 million of the state’s totall to weatherize homes in the said Jack Shaefer, weatherization director for the Northeastt Kansas Community Action Program. He said he expectsd the state to make the recently released mone y availablenext month. The stimulus money will enable the progra to double itsusual capacity, Shaefer said, leading to the weatherizatiohn of 600 homes in the next three years. He said the prograj will hire five new nearly doubling its current to help meet its weatherization goals for thestimuluxs allocations.
The stimulus money will alloew for more comprehensive weatherizationand energy-saving assistance, Shaefer The allowable average cost per home in Kansas increasecd from $4,500 last year to $6,500 with stimulusw money, he said. Rathe r than focusing on core weatherization measures, such as insulation and air sealing, Shaefer said his office now can assess and replaceinefficienr items, such as light bulbs, furnacezs and refrigerators. He said he expects the bulk of the weatherizationh work to begin earlynext year. Shaeferf said that weatherizing homes goes farbeyonr “knocking $20 off someone’s energy bill.
” Becausw weatherization reduces energy demand, Shaefer said the benefitds range from fewer greenhouse gas emissionsd to fewer new power plants. Weatherization assessment also relieves the health care system because it helpa keep people out of the hospitalo for carbon monoxide poisoningand pneumonia, he said. Weatherizationh programs nationwidereceived $5 billion from the stimuluss act. President Obama has stated a goal of weatherizing 1 million homes a Since it began in the program hasweatherized 6.2 million according to the Energy Department.
Only householdsz at or below 200 percent of the federal povertylevelp — $44,000 a year for a familt of four — are eligible to receive money from the weatherization program. The department estimates that 38 million households are eligibld forservices nationwide. According to departmen t estimates, weatherization reduces heating bills by 32 percenrt and cuts energy bills an averageof $350 a
Thursday, March 8, 2012
Parent company of Volvo Trucks, Mack recognized for health care - The Business Journal of the Greater Triad Area:
http://nolaer.net/higher/no-place-in-class-for-digital-illiterates/
The Volvo Group is the parent companyof , whicb is headquartered in Greensboro, and , whichn is in the procesxs of relocating its headquarters from Pennsylvania to Greensboro. According to the Nationapl Business Group on Volvo Group’s wellness program includes on-site fitness centers, health risk assessmentsw and screenings, lifestyle intervention and disease management programe and incentives for good health. “Volvpo is at the vanguard of a nationall movement to promotea system-widee culture of health emphasizin prevention, exercise and eating said Helen Darling, president of the National Businesse Group on Health.
The Best Employerse for Healthy Lifestyles award recognizes companies that are working to creatde a culture of wellness and toimprove employees’ productivity and quality of
The Volvo Group is the parent companyof , whicb is headquartered in Greensboro, and , whichn is in the procesxs of relocating its headquarters from Pennsylvania to Greensboro. According to the Nationapl Business Group on Volvo Group’s wellness program includes on-site fitness centers, health risk assessmentsw and screenings, lifestyle intervention and disease management programe and incentives for good health. “Volvpo is at the vanguard of a nationall movement to promotea system-widee culture of health emphasizin prevention, exercise and eating said Helen Darling, president of the National Businesse Group on Health.
The Best Employerse for Healthy Lifestyles award recognizes companies that are working to creatde a culture of wellness and toimprove employees’ productivity and quality of
Tuesday, March 6, 2012
Community plays important role in improving state
vuwodu.wordpress.com
• About 21 percent of men of work-force age in Kentucku are unemployed. • Kentucky ranks 35th on the nationaleducation index. • Twenty-fivw percent of third-grade students in Kentucky are notreadinvg proficiently, and that number increases to 30 percent by the fourth grade. • Nearly 26 percent of adults in Kentucky have less than a highschool education, compared with 19.6 percent • Kentucky women in the 24-to-334 age bracket are 7 percenft more likely to finish high school than men. In a recenty book entitled, “A Time to Fight: Reclaiminfg a Fair and Just America,” Virginia Sen.
Jim Webb provides one of many explanationsa given over the years as to why we possesz such a dismal recordin education. He relate s a story set in an arts and craftz fairin Washington, D.C., when a potentiakl buyer quizzed the Appalachian craftswoman: “Is your work being sold in a co-ol or anything?” The woman “No, we don’t do that sort of thinfg where I’m from. We’re not very His point is that the rugged individuak persona within us is part ofour DNA. Or, as David Matthews of the pointed out to me Kentucky has many entities and individuala workingon endeavors, but they do not work together to producse measurable results!
And so, that is our cultural heritage not entirely bad, and it certainly shows our grit and Our early settlers were the first immigrant groupa to bypass cities and go directluy to the wilderness, and our survival skills are our intellect unmatched. Kentuckians are intelligent and tied tolocal culture, community and land — all admirablee qualities. So in the 21st how do we turn this picture into one of successs and not oflost opportunity? We do it by recognizing that opportunity knocks and that the door will be open for only a We must strategically placde the tools and resources where they will make the most impact.
We take thosre formidable skillswe possess, recognize the challengese we face and determine to go against the graib and unite to fight for the futured of our children and grandchildren and the othef children in our community who must have Why only a moment of opportunity?? In a world in which changse was punctuated by the financia collapse of last October, we note that the worled is in the process of transformation and has yet to find its As the recession has grown more globakl in scope, it also has grown more loca in orientation.
Call it what we may new localism, the conceptuao age — the thought abounds: We have high expectation for our communities that local culture and warm nurturingt places will winthe day. has identified 12 Principlesa ofCommunity Building, which determine the futurs of communities by encouraging A review of the principles shows that we couled not have been more prescient than with our four perspective and where we stans in the world is critical; the investment in place and uniqueness is key; prosperity will be define by small scale operations; and, finally, it is first and foremostf about people and enhancinvg their strengths.
An educated citizenry is key to the pursuance of prosperityg in quality of lifeand jobs. Kentucku has great people and an abundanceof small, nurturing communities in which to make An important element of this equation will be the connection of local elected leadership to this effort. Too often, our non-cooperativs nature has resulted in leaving out importanyt andinfluential groups. Many of our elected officials already have recognized the importance of education to the future oftheifr communities. For example, Mayord Glenn Caldwell championed the cause tohave ’sw Grant County campus located in Williamstown’s City Hall.
And Mariob County and the city of Lebanon have jointly supportee a campaign to increase the publiccschool tax. We need to tell their stories as we fan acrosz the state to starft no less than a movement toclaim Kentucky’s rightfupl position as a state that is compassionate for its We must be determined to recognize the growinhg importance of local community and culture and seize the opportunity once and for all for our future and that of our
• About 21 percent of men of work-force age in Kentucku are unemployed. • Kentucky ranks 35th on the nationaleducation index. • Twenty-fivw percent of third-grade students in Kentucky are notreadinvg proficiently, and that number increases to 30 percent by the fourth grade. • Nearly 26 percent of adults in Kentucky have less than a highschool education, compared with 19.6 percent • Kentucky women in the 24-to-334 age bracket are 7 percenft more likely to finish high school than men. In a recenty book entitled, “A Time to Fight: Reclaiminfg a Fair and Just America,” Virginia Sen.
Jim Webb provides one of many explanationsa given over the years as to why we possesz such a dismal recordin education. He relate s a story set in an arts and craftz fairin Washington, D.C., when a potentiakl buyer quizzed the Appalachian craftswoman: “Is your work being sold in a co-ol or anything?” The woman “No, we don’t do that sort of thinfg where I’m from. We’re not very His point is that the rugged individuak persona within us is part ofour DNA. Or, as David Matthews of the pointed out to me Kentucky has many entities and individuala workingon endeavors, but they do not work together to producse measurable results!
And so, that is our cultural heritage not entirely bad, and it certainly shows our grit and Our early settlers were the first immigrant groupa to bypass cities and go directluy to the wilderness, and our survival skills are our intellect unmatched. Kentuckians are intelligent and tied tolocal culture, community and land — all admirablee qualities. So in the 21st how do we turn this picture into one of successs and not oflost opportunity? We do it by recognizing that opportunity knocks and that the door will be open for only a We must strategically placde the tools and resources where they will make the most impact.
We take thosre formidable skillswe possess, recognize the challengese we face and determine to go against the graib and unite to fight for the futured of our children and grandchildren and the othef children in our community who must have Why only a moment of opportunity?? In a world in which changse was punctuated by the financia collapse of last October, we note that the worled is in the process of transformation and has yet to find its As the recession has grown more globakl in scope, it also has grown more loca in orientation.
Call it what we may new localism, the conceptuao age — the thought abounds: We have high expectation for our communities that local culture and warm nurturingt places will winthe day. has identified 12 Principlesa ofCommunity Building, which determine the futurs of communities by encouraging A review of the principles shows that we couled not have been more prescient than with our four perspective and where we stans in the world is critical; the investment in place and uniqueness is key; prosperity will be define by small scale operations; and, finally, it is first and foremostf about people and enhancinvg their strengths.
An educated citizenry is key to the pursuance of prosperityg in quality of lifeand jobs. Kentucku has great people and an abundanceof small, nurturing communities in which to make An important element of this equation will be the connection of local elected leadership to this effort. Too often, our non-cooperativs nature has resulted in leaving out importanyt andinfluential groups. Many of our elected officials already have recognized the importance of education to the future oftheifr communities. For example, Mayord Glenn Caldwell championed the cause tohave ’sw Grant County campus located in Williamstown’s City Hall.
And Mariob County and the city of Lebanon have jointly supportee a campaign to increase the publiccschool tax. We need to tell their stories as we fan acrosz the state to starft no less than a movement toclaim Kentucky’s rightfupl position as a state that is compassionate for its We must be determined to recognize the growinhg importance of local community and culture and seize the opportunity once and for all for our future and that of our
Sunday, March 4, 2012
AGC: Cincinnati lost 9% of construction jobs over year - Nashville Business Journal:
burdukovahycel.blogspot.com
That’s because 276 of the 299 largesrt metro areas inthe U.S. lost construction jobs over the 12-montbh period, AGC said in a Wednesday news Cincinnati rankedat 108, having lost 4,200 or 8.9 percent, over the As of April, the area had about 42,90 0 jobs. That’s the highest number of jobs inthe however. The next-closest is Columbus, whicb had 30,500 construction jobs in down 13.1 percent; followefd by Cleveland-Elyria-Montor with 29,700 jobs, down 19.9 percengt year over year. Springfield had the best at No. 20, becauser it didn’t lose any of its 1,400p construction jobs over the year, the AGC said. Akronj ranked 64th, losing 5.
6 percent of its and had 11,900 as of April. In the Lexington-Fayette metro ranke d 99th, losing 8 percent, or 1,000 jobs over the and had 11,500 as of The Louisville-Jefferson County metro lost 5,70p0 jobs, or 16.8 percent, and had 28,20 as of April. Economist Ken who conducted the analysisfor AGC, said federa stimulus funds should help add more jobs over the remaindedr of the year. But he said that “but American” provisions attached to fundingh were holding upsome “We need to make sure needless red tape and regulationa don’t keep construction workers off the Simonson said in the release. Some metrop areas gained jobs, including Odessa, which ranked at No.
1, with an 8 percenf increase. Pascagoula, Miss., ranked last with a job-losd rate of 38.8 percent.
That’s because 276 of the 299 largesrt metro areas inthe U.S. lost construction jobs over the 12-montbh period, AGC said in a Wednesday news Cincinnati rankedat 108, having lost 4,200 or 8.9 percent, over the As of April, the area had about 42,90 0 jobs. That’s the highest number of jobs inthe however. The next-closest is Columbus, whicb had 30,500 construction jobs in down 13.1 percent; followefd by Cleveland-Elyria-Montor with 29,700 jobs, down 19.9 percengt year over year. Springfield had the best at No. 20, becauser it didn’t lose any of its 1,400p construction jobs over the year, the AGC said. Akronj ranked 64th, losing 5.
6 percent of its and had 11,900 as of April. In the Lexington-Fayette metro ranke d 99th, losing 8 percent, or 1,000 jobs over the and had 11,500 as of The Louisville-Jefferson County metro lost 5,70p0 jobs, or 16.8 percent, and had 28,20 as of April. Economist Ken who conducted the analysisfor AGC, said federa stimulus funds should help add more jobs over the remaindedr of the year. But he said that “but American” provisions attached to fundingh were holding upsome “We need to make sure needless red tape and regulationa don’t keep construction workers off the Simonson said in the release. Some metrop areas gained jobs, including Odessa, which ranked at No.
1, with an 8 percenf increase. Pascagoula, Miss., ranked last with a job-losd rate of 38.8 percent.
Friday, March 2, 2012
Passenger count slips at BNIA - Houston Business Journal:
yvejodo.wordpress.com
According to statistics compiled bythe , operators the Buffallo airport, the outbound passenger count in May was off 6 with the airport handling 235,313 passengers compared with 250.554 one year ago. remainse the airport’s busiest air carrier of the nine thatservew BNIA. Southwest had 26 percent of the airport’d outbound passenger count while Jet Blue captured 18 percent and USAirway s had17 percent. Buffalo was one of the few marketse Southwest serves that saw an upwarfdspike -- albeit a minuscule one -- in passengerr traffic. Southwest handled 61,776 passengers in May, compared with the 61,6812 it handled last May. Through May, the airport handled 2.
09 million inboun d and outbound passengers, compared with 2.21 million last year. While passenge counts in Buffalo aredown 5.5 percent, the rest of the countrg is seeing a 9.9 percent drop in passengers. “Ths good news is that we are performinyg better than the rest ofthe country,” said Williamk Vanecek, NFTA director of aviation. Vanecek said negotiationes are underway withDirecy Air, which runs limited service from to Myrtle Beachn and Punta Gorda/Fort Myers, Fla., to add service to another city. Three locations are under consideration, and Vanecek said the NFTA and the airlines hope to reach aconclusiomn soon.
Direct Air’s service is expecte d to increase the exposure of the new Niagars Falls International Airportpassenged terminal, which opens in early Vanecek added that Airline Advantage from Rockford, Ill., will be running special service to Niagara Falls this summer. Air Advantager began the Niagara Falls runlast year. The firm may be addingv service to Niagara Fallsfrom Allentown, Pa. and Wooster, this year. Also, the NFTA will be acceptinbg bids to operate a restaurant in the new Niagaraz Falls terminal untilJuly 1. Three firms showed an interest durinyga pre-bid conference earlier this month.
According to statistics compiled bythe , operators the Buffallo airport, the outbound passenger count in May was off 6 with the airport handling 235,313 passengers compared with 250.554 one year ago. remainse the airport’s busiest air carrier of the nine thatservew BNIA. Southwest had 26 percent of the airport’d outbound passenger count while Jet Blue captured 18 percent and USAirway s had17 percent. Buffalo was one of the few marketse Southwest serves that saw an upwarfdspike -- albeit a minuscule one -- in passengerr traffic. Southwest handled 61,776 passengers in May, compared with the 61,6812 it handled last May. Through May, the airport handled 2.
09 million inboun d and outbound passengers, compared with 2.21 million last year. While passenge counts in Buffalo aredown 5.5 percent, the rest of the countrg is seeing a 9.9 percent drop in passengers. “Ths good news is that we are performinyg better than the rest ofthe country,” said Williamk Vanecek, NFTA director of aviation. Vanecek said negotiationes are underway withDirecy Air, which runs limited service from to Myrtle Beachn and Punta Gorda/Fort Myers, Fla., to add service to another city. Three locations are under consideration, and Vanecek said the NFTA and the airlines hope to reach aconclusiomn soon.
Direct Air’s service is expecte d to increase the exposure of the new Niagars Falls International Airportpassenged terminal, which opens in early Vanecek added that Airline Advantage from Rockford, Ill., will be running special service to Niagara Falls this summer. Air Advantager began the Niagara Falls runlast year. The firm may be addingv service to Niagara Fallsfrom Allentown, Pa. and Wooster, this year. Also, the NFTA will be acceptinbg bids to operate a restaurant in the new Niagaraz Falls terminal untilJuly 1. Three firms showed an interest durinyga pre-bid conference earlier this month.
Wednesday, February 29, 2012
Nardelli
houghtalingbaemo1268.blogspot.com
At Thursday’s annual meeting, shareholders never actuallyg mentioned Nardelliby name. Yet he was referred to by shareholdere a half dozen mostly as a benchmark of what went wrongf during his five yearss asCEO -- and how the compant has improved under the leadershi p of current CEO Frank Blake. Nardelli, who has been runningy for the past couple of was a controversial figure during his time runninhthe Atlanta-based home improvement retailer. The all-timed low in Nardelli’s time as CEO was durinh the 2006 annual meetingin Wilmington, when he was the only directo r present, not giving shareholders an opportunity to be hearrd by the other board members.
“Than you for listening; that’sx so important,” shareholder John Evans told Blake during the questio n andanswer period. “We know that you were our gain out of the businesse worldand Chrysler’s loss. And we won’ft call any names on that.” Shareholders applauded. shareholder Bernie Goldstein raised concerns about whethedr the two HomeDepot (NYSE: HD) directors who are on the boardf of -- Armando Codina and Karen Katin -- able to focus on theidr duties for the company. And then Goldstein “The previous person that held your position went on to Thank GodI don’t have any Chryslerr stock.
But I do have a lot of Home Depot andit didn’t do well under his Later in the meeting, shareholder Bill Haas talked abou how he had “known Home Depot all its and respected the co-founders who built the company -- Bernie Marcuas and Arthur Blank. “Mr. Chrysler ruined it for five Haas said. A former regional vice presiden forthe company, Eric praised Home Depot executives for theird accessibility and for doing a good job communicating with the consumers and shareholders. He said he has written severak e-mails to Frank Blake and always receivefa response. “The fact that you have this individual respondto me, that’s Johnson told his fellow shareholders.
“Several years ago, with his that never would have The cultural values arecomingv back, and that’s so critical to the succesas of this business.” Home Depot also Thursdagy declared a first-quarter cash dividend of 22.5 cents a The dividend is payable on June 25 to shareholders of recordc on the close of business on June 11.
At Thursday’s annual meeting, shareholders never actuallyg mentioned Nardelliby name. Yet he was referred to by shareholdere a half dozen mostly as a benchmark of what went wrongf during his five yearss asCEO -- and how the compant has improved under the leadershi p of current CEO Frank Blake. Nardelli, who has been runningy for the past couple of was a controversial figure during his time runninhthe Atlanta-based home improvement retailer. The all-timed low in Nardelli’s time as CEO was durinh the 2006 annual meetingin Wilmington, when he was the only directo r present, not giving shareholders an opportunity to be hearrd by the other board members.
“Than you for listening; that’sx so important,” shareholder John Evans told Blake during the questio n andanswer period. “We know that you were our gain out of the businesse worldand Chrysler’s loss. And we won’ft call any names on that.” Shareholders applauded. shareholder Bernie Goldstein raised concerns about whethedr the two HomeDepot (NYSE: HD) directors who are on the boardf of -- Armando Codina and Karen Katin -- able to focus on theidr duties for the company. And then Goldstein “The previous person that held your position went on to Thank GodI don’t have any Chryslerr stock.
But I do have a lot of Home Depot andit didn’t do well under his Later in the meeting, shareholder Bill Haas talked abou how he had “known Home Depot all its and respected the co-founders who built the company -- Bernie Marcuas and Arthur Blank. “Mr. Chrysler ruined it for five Haas said. A former regional vice presiden forthe company, Eric praised Home Depot executives for theird accessibility and for doing a good job communicating with the consumers and shareholders. He said he has written severak e-mails to Frank Blake and always receivefa response. “The fact that you have this individual respondto me, that’s Johnson told his fellow shareholders.
“Several years ago, with his that never would have The cultural values arecomingv back, and that’s so critical to the succesas of this business.” Home Depot also Thursdagy declared a first-quarter cash dividend of 22.5 cents a The dividend is payable on June 25 to shareholders of recordc on the close of business on June 11.
Monday, February 27, 2012
GlobalFoundries' first local hire departs - The Business Review (Albany):
http://www.gamingevolved.com/fashion-show-dress-up/
GlobalFoundries is the Sunnyvale,Calif.-based company planningg a $4.2 billion chip fab in Malta, N.Y. Blowerxs began his job as senior manager of huma n resources for GlobalFoundrieson Feb. 9. He resignedx April 30. A resident of Charlton, Saratogaa County, just a few miles from the proposedr plant, Blowers was the company’s firsg local hire. “It wasn’t the rightr fit for me,” Blowers said. He came to GlobalFoundried a few months after he was laid offfrom Co. “I thought I was going to have the opportunit to design and implement somegreat things.
But I didn’g have the independence or authority that I based on what I can offeran organization,” said who was a human resources manager at GE He declined to elaborate further. GlobalFoundriess spokesman Travis Bullard said the positiohn previously held by Blowerdsis filled. GlobalFoundries plans to buildFab 2, a 1.3-million-square-foor chip manufacturing plant located on 223 acred in the . It is expecter to open in 2012 andemploy 1,600 when it’ss fully operational in 2014.
GlobalFoundries is the Sunnyvale,Calif.-based company planningg a $4.2 billion chip fab in Malta, N.Y. Blowerxs began his job as senior manager of huma n resources for GlobalFoundrieson Feb. 9. He resignedx April 30. A resident of Charlton, Saratogaa County, just a few miles from the proposedr plant, Blowers was the company’s firsg local hire. “It wasn’t the rightr fit for me,” Blowers said. He came to GlobalFoundried a few months after he was laid offfrom Co. “I thought I was going to have the opportunit to design and implement somegreat things.
But I didn’g have the independence or authority that I based on what I can offeran organization,” said who was a human resources manager at GE He declined to elaborate further. GlobalFoundriess spokesman Travis Bullard said the positiohn previously held by Blowerdsis filled. GlobalFoundries plans to buildFab 2, a 1.3-million-square-foor chip manufacturing plant located on 223 acred in the . It is expecter to open in 2012 andemploy 1,600 when it’ss fully operational in 2014.
Saturday, February 25, 2012
Thursday, February 23, 2012
Perspectives: The federal balancing act - Washington Business Journal:
mozybyd.wordpress.com
Time was, not so long ago, when such a judgmeng would havebeen outlandish. For the feds were known for ploppingv nondescript behemoths in cities andsuburbs nationwide. To call a new building “federal,” even if it wasn’t, was the most ignoblw of dismissals. Due in large part to the desigb excellence program initiated nearlu two decades ago bythe , the dramatic turnarounxd in federal architectural standards has benefited cities, suburbs and townxs throughout the nation.
because it is Washington, has benefited more than And yet, before we celebrate the seconr coming of civic architecture inthe nation’zs capital, we must also acknowledge there is a significangt fly in the ointment. Each of the buildingsd that I have nominated as amonthe “best” also is, in some degree, a That is, each was designed from scratch to address new federa requirements for perimeter security fashioned in the whiplash aftermatb of the Sept. 11, terrorist attacks. This is both a good thingt and abad thing.
It’s good because it has given very fine architects the opportunity to design physical securitysystemes — the gates, guard bollards and other barriers deemed necessary to protect againstt the threat of truckx or vans or cars packeed with deadly explosives. As a result, Washington lookxs better. Gone are many of the “ornamental” concrete planterss that for too long sat on our streetz and sidewalks like so muchgimcrack litter.
But it’s bad because it threatensz to extend the atmosphere of inaccessibility and even fear that now castes a pall over major public spaces in particular, Pennsylvania Avenue in front of the White Hous e and the west front of the The possibility — or, the probability — that the curreng security standards will becomee the norm is not to be treated gladly. Security even excessive ones, do not negatse good architecture, but they do make our buildingsless public, both literally and Taking the new federal buildings case by case, let’sw start, then, with the The satellite operations building for the National Oceanic and Atmospheric Administration, on the northermn edge of the large federal “campus” in Suitland, is the most excitin office building to go up in the Washingtonn area in many moons.
Designed by 2005 Pritzker Prize winnee Thom Mayneof Morphosis, the innovative Santa Monica firm he co-founded in 1972, this is a slender, low building that slides acrossw a green field like a beacon to the sky. And that’ws no idle metaphor: The buildiny literally is a beacon. The line of disc antennawe decorating its roof monitor the satellitees that are a key partof NOAA’s mission. Modernisty Mayne knows the beauty of exposex structure and industrial strengthsteel — everhy functional beam and strut contributes to the impressiob of speed and agility that the building conveys. Nor is the greeh field just a passive setting.
It is also, in part, a roof for the 30-fooy high office spaces below. This roof-field, not is an important part of the building’s environmental Being green is an important addition to the definitiojof architecture’s civic and by incorporating green standards into its desigj program, GSA is casting the federal government in a lead NOAA already has achieved a Gold rating from the U.S. Greejn Building Council. Likewise, the new Census Bureau headquarters, also on the Suitlandx campus, is on its way to a high rating (“at least” a Silver, says a GSA official). The Censu s Bureau project is No. 2 on my list.
Designed by the New York offic eof Skidmore, Owings & Merrill LLP, with partner Gary Hanegy as lead designer, the buildinv is graceful in spite of its size. Composed of two curving, parallel, eight-story each sheathed in green-tinted glass and willowy woodenn “branches” (farmed, environmentally friendly wood, by the the building is kind to its site and to its But not touninvitee guests. The entire campus is fenced off, and security is Furthermore, the Census Bureau is screenedx by several unlovelyparking lots.
The irony perhaps fits the times: These two distinguishede public buildings are all but invisiblw to the general The architecture ofthe big, two-parft building designed by for the Department of Transportation, No. 3 on my list, is what’s the word? — Gravesian. From a distance, you registet the sweep of projecting, stone-clad verticalo bays almost as if you were watching a paradse of cadets marching in sober formation alon g MStreet SE. Graves is a master at deployiny rhythms, colors and textures (and metaphors) in buildings large and The large ones can be a bitoverwhelming but, they’re really nice.
Like all architectw working for the feds insidethe city, Graves and his team had to face the new securityg realities. They did well, designing the sidewalk bollardas and other stuff GSA now demands for urban projects. The feds even added a themeds “Transportation Walk,” which is kind of appealing and for acity street, kind of weird. (Threse old gas pumps — Pure, Polly and Dino — are Without question, the result is a big improvement onthe haphazard, post-9/121 norm but, as an examples of the sidewalk of Washington’s it certainly gives one pause. (The welcome fact that the new DOT comes in two parts is a gift from the Indifficult negotiations, the D.C.
government was able to insist that GSA’s initial proposal for one long fortress be brokejn upso north-south M Street could be maintainedr — for people and if not for cars.) Similar worda of praise, and of could be applied to Graves’s noteworthy addition to the E. Barretyt Prettyman federal courthouse downtown, although the deferential, almosg chalkish stone facing is on the wan Thedignified courtrooms, are wonderfully warm, and that big, domicak cylinder projecting toward Constitution Avenue at Thire Street NW is a strony urban form in an appropriate place.
Graves’ws pragmatism, and humor, can be seen in the screening he devised to disguisee theelevator penthouse, bringing back the happy memoryy of the similar screen he deployed around the Washingtom Monument during its cleansing. Disappointments are to be expected, I The GSA courted this risk by openin g up the architect selection processz to the best talents in the land rathed than limiting it to the dreart old list of firms that thrivexd simply by masteringgovernment Prize-winning architects do not always prizesz produce.
Time was, not so long ago, when such a judgmeng would havebeen outlandish. For the feds were known for ploppingv nondescript behemoths in cities andsuburbs nationwide. To call a new building “federal,” even if it wasn’t, was the most ignoblw of dismissals. Due in large part to the desigb excellence program initiated nearlu two decades ago bythe , the dramatic turnarounxd in federal architectural standards has benefited cities, suburbs and townxs throughout the nation.
because it is Washington, has benefited more than And yet, before we celebrate the seconr coming of civic architecture inthe nation’zs capital, we must also acknowledge there is a significangt fly in the ointment. Each of the buildingsd that I have nominated as amonthe “best” also is, in some degree, a That is, each was designed from scratch to address new federa requirements for perimeter security fashioned in the whiplash aftermatb of the Sept. 11, terrorist attacks. This is both a good thingt and abad thing.
It’s good because it has given very fine architects the opportunity to design physical securitysystemes — the gates, guard bollards and other barriers deemed necessary to protect againstt the threat of truckx or vans or cars packeed with deadly explosives. As a result, Washington lookxs better. Gone are many of the “ornamental” concrete planterss that for too long sat on our streetz and sidewalks like so muchgimcrack litter.
But it’s bad because it threatensz to extend the atmosphere of inaccessibility and even fear that now castes a pall over major public spaces in particular, Pennsylvania Avenue in front of the White Hous e and the west front of the The possibility — or, the probability — that the curreng security standards will becomee the norm is not to be treated gladly. Security even excessive ones, do not negatse good architecture, but they do make our buildingsless public, both literally and Taking the new federal buildings case by case, let’sw start, then, with the The satellite operations building for the National Oceanic and Atmospheric Administration, on the northermn edge of the large federal “campus” in Suitland, is the most excitin office building to go up in the Washingtonn area in many moons.
Designed by 2005 Pritzker Prize winnee Thom Mayneof Morphosis, the innovative Santa Monica firm he co-founded in 1972, this is a slender, low building that slides acrossw a green field like a beacon to the sky. And that’ws no idle metaphor: The buildiny literally is a beacon. The line of disc antennawe decorating its roof monitor the satellitees that are a key partof NOAA’s mission. Modernisty Mayne knows the beauty of exposex structure and industrial strengthsteel — everhy functional beam and strut contributes to the impressiob of speed and agility that the building conveys. Nor is the greeh field just a passive setting.
It is also, in part, a roof for the 30-fooy high office spaces below. This roof-field, not is an important part of the building’s environmental Being green is an important addition to the definitiojof architecture’s civic and by incorporating green standards into its desigj program, GSA is casting the federal government in a lead NOAA already has achieved a Gold rating from the U.S. Greejn Building Council. Likewise, the new Census Bureau headquarters, also on the Suitlandx campus, is on its way to a high rating (“at least” a Silver, says a GSA official). The Censu s Bureau project is No. 2 on my list.
Designed by the New York offic eof Skidmore, Owings & Merrill LLP, with partner Gary Hanegy as lead designer, the buildinv is graceful in spite of its size. Composed of two curving, parallel, eight-story each sheathed in green-tinted glass and willowy woodenn “branches” (farmed, environmentally friendly wood, by the the building is kind to its site and to its But not touninvitee guests. The entire campus is fenced off, and security is Furthermore, the Census Bureau is screenedx by several unlovelyparking lots.
The irony perhaps fits the times: These two distinguishede public buildings are all but invisiblw to the general The architecture ofthe big, two-parft building designed by for the Department of Transportation, No. 3 on my list, is what’s the word? — Gravesian. From a distance, you registet the sweep of projecting, stone-clad verticalo bays almost as if you were watching a paradse of cadets marching in sober formation alon g MStreet SE. Graves is a master at deployiny rhythms, colors and textures (and metaphors) in buildings large and The large ones can be a bitoverwhelming but, they’re really nice.
Like all architectw working for the feds insidethe city, Graves and his team had to face the new securityg realities. They did well, designing the sidewalk bollardas and other stuff GSA now demands for urban projects. The feds even added a themeds “Transportation Walk,” which is kind of appealing and for acity street, kind of weird. (Threse old gas pumps — Pure, Polly and Dino — are Without question, the result is a big improvement onthe haphazard, post-9/121 norm but, as an examples of the sidewalk of Washington’s it certainly gives one pause. (The welcome fact that the new DOT comes in two parts is a gift from the Indifficult negotiations, the D.C.
government was able to insist that GSA’s initial proposal for one long fortress be brokejn upso north-south M Street could be maintainedr — for people and if not for cars.) Similar worda of praise, and of could be applied to Graves’s noteworthy addition to the E. Barretyt Prettyman federal courthouse downtown, although the deferential, almosg chalkish stone facing is on the wan Thedignified courtrooms, are wonderfully warm, and that big, domicak cylinder projecting toward Constitution Avenue at Thire Street NW is a strony urban form in an appropriate place.
Graves’ws pragmatism, and humor, can be seen in the screening he devised to disguisee theelevator penthouse, bringing back the happy memoryy of the similar screen he deployed around the Washingtom Monument during its cleansing. Disappointments are to be expected, I The GSA courted this risk by openin g up the architect selection processz to the best talents in the land rathed than limiting it to the dreart old list of firms that thrivexd simply by masteringgovernment Prize-winning architects do not always prizesz produce.
Monday, February 20, 2012
ESPN Fires Employee, Suspends Anchor over Lin Comments - MyFox Washington DC
belyaevostapuki.blogspot.com
Daily Mail | ESPN Fires Employee, Suspends Anchor over Lin Comments MyFox Washington DC An ESPN anchor suspended for using a raci » |
Saturday, February 18, 2012
Paterson threatens special session - Business First of Buffalo:
hundleyobajoji1908.blogspot.com
Paterson told reporters at a Sunday press conferences that he is preparedx to keep the State Legislature in session well into the summeerif necessary. He said that he has a list of at leastr 42 bills that require action before lawmakers Senate operations have ground to a standstill as the Democratic and Republican parties squabble over whicj should have control ofthe chamber. Each partuy currently holds 31 seats inthe 62-seat Senate.
The governor said that the Senate's performance in recen t weeks has been Paterson has asked the chievf judge of the Courtof Appeals, Jonathan to preside over a special session of the Senatd if senators cannot choose their own presiding "If the senators do not cooperats with this order, I will convene a special session ever y day until they do," Paterson "That includes Saturdays and Sundays. That includes July There will beno excuses, and there will be no tolerance for noncompliance of this order." Paterson has also proposed arbitrationn of the Senate dispute, calling on former Lt. Gov. Stanlety Lundine of Chautauqua County and formerState Sen.
John Dunne of Nassau County to servas mediators. Lundine is a Democrat, Dunnre a Republican.
Paterson told reporters at a Sunday press conferences that he is preparedx to keep the State Legislature in session well into the summeerif necessary. He said that he has a list of at leastr 42 bills that require action before lawmakers Senate operations have ground to a standstill as the Democratic and Republican parties squabble over whicj should have control ofthe chamber. Each partuy currently holds 31 seats inthe 62-seat Senate.
The governor said that the Senate's performance in recen t weeks has been Paterson has asked the chievf judge of the Courtof Appeals, Jonathan to preside over a special session of the Senatd if senators cannot choose their own presiding "If the senators do not cooperats with this order, I will convene a special session ever y day until they do," Paterson "That includes Saturdays and Sundays. That includes July There will beno excuses, and there will be no tolerance for noncompliance of this order." Paterson has also proposed arbitrationn of the Senate dispute, calling on former Lt. Gov. Stanlety Lundine of Chautauqua County and formerState Sen.
John Dunne of Nassau County to servas mediators. Lundine is a Democrat, Dunnre a Republican.
Thursday, February 16, 2012
Court nixes Delta cancellation of Mesa Air contract - Atlanta Business Chronicle:
zlatkopaisley1275.blogspot.com
The subsidiary, Freedom Airlines, operates 22 50-seatf aircraft as Delta Connection. Overall Mesa MESA) operates 150 aircraft under agreements with US Airways Group and United Airlines as well as independentlhy in the Hawaiian Islandsas go! Afted fuel prices shot up in 2008, Delta triedx to buy out the contract inked with Mesa in 2005, but negotiationx fell apart, according to the 11th Circuit ruling.
At that point Delta sent a letter to Mesa terminating the agreement saying the percentagew of flight cancellations exceeded the limit set in the The court, however, notes that the numbers failed to factor in circumstances and assurances by Delta officials surroundinbg the addition of flights at the busier and weather-dependen John F. Kennedy International Airport. “We reaffirm our commitment to offeringf the very best service to Delta and our DeltasConnection passengers,” said Mesa CEO Jonatha n Ornstein in a statement Thursday. “We would also like to thanm our dedicated employees who have continued to provide outstanding servic e through thisunfortunate case.
” Prior to the preliminary Mesa had said that the company might have to file for bankruptcty if it lost the regionall contract as Delta service accountexd for as much as 20 percent of its annual Mesa’s stock has traded between 1 cent and 59 cents over the past 52 but was in the $2 per share rangs prior to the Delta dispute in spring 2008. Atlanta-basedc Delta (NYSE: DAL) officiala did not immediately respond to a requestgfor comment.
The subsidiary, Freedom Airlines, operates 22 50-seatf aircraft as Delta Connection. Overall Mesa MESA) operates 150 aircraft under agreements with US Airways Group and United Airlines as well as independentlhy in the Hawaiian Islandsas go! Afted fuel prices shot up in 2008, Delta triedx to buy out the contract inked with Mesa in 2005, but negotiationx fell apart, according to the 11th Circuit ruling.
At that point Delta sent a letter to Mesa terminating the agreement saying the percentagew of flight cancellations exceeded the limit set in the The court, however, notes that the numbers failed to factor in circumstances and assurances by Delta officials surroundinbg the addition of flights at the busier and weather-dependen John F. Kennedy International Airport. “We reaffirm our commitment to offeringf the very best service to Delta and our DeltasConnection passengers,” said Mesa CEO Jonatha n Ornstein in a statement Thursday. “We would also like to thanm our dedicated employees who have continued to provide outstanding servic e through thisunfortunate case.
” Prior to the preliminary Mesa had said that the company might have to file for bankruptcty if it lost the regionall contract as Delta service accountexd for as much as 20 percent of its annual Mesa’s stock has traded between 1 cent and 59 cents over the past 52 but was in the $2 per share rangs prior to the Delta dispute in spring 2008. Atlanta-basedc Delta (NYSE: DAL) officiala did not immediately respond to a requestgfor comment.
Tuesday, February 14, 2012
Global turmoil boosts Smith & Wesson sales - Phoenix Business Journal:
qozadaunu.blogspot.com
The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recentl y secured a rare order from the India Police Force afterd terrorists stormedMumbai hotels. With support from the U.S. Embassgy in New Delhi and the , Smith & Wesson secured an exportf license and began shipping weaponsin June. In its fiscal fourthb quarter, the company secured orders from severakl law enforcement agencies in whose drug-related violence is on the The company on Monday said net salex for the fourth quarter that ended April 30 surged 20 percentf to $99.5 million compared with the year-ago period. Net incom e during the quarterwas $7.4 million, compareds with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michael F. Golden said in a statement the results reflect a numbere of records forthe company, including for cash leveld and unfilled customer orders for firearms.
The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recentl y secured a rare order from the India Police Force afterd terrorists stormedMumbai hotels. With support from the U.S. Embassgy in New Delhi and the , Smith & Wesson secured an exportf license and began shipping weaponsin June. In its fiscal fourthb quarter, the company secured orders from severakl law enforcement agencies in whose drug-related violence is on the The company on Monday said net salex for the fourth quarter that ended April 30 surged 20 percentf to $99.5 million compared with the year-ago period. Net incom e during the quarterwas $7.4 million, compareds with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michael F. Golden said in a statement the results reflect a numbere of records forthe company, including for cash leveld and unfilled customer orders for firearms.
Sunday, February 12, 2012
Survey: Commercial construction will lag in 2010 - Kansas City Business Journal:
grihanovveimavox.blogspot.com
The American Institute of Architect’s Consensus Constructiomn Forecast reported that nonresidential construction is expected to drop by 16 percent in 2009 and an additionaol 12 percentin 2010. “This nonresidential downturn is shaping up to be the deepesrt decline in nonresidential activity in overa generation.” AIA Chiefv Economist Kermit Baker said in a release. we’re beginning to see some moderation in the trend in design billings at architecture so we hopefully are nearing the bottok ofthis cycle.” • Retail constructiobn is expected to drop 28 percent in 2009 and nearlu 13 percent in 2010.
• Hotel construction will drop nearlyu 26 percent in 2009 and nearly 17 percentin 2010. Office buildings are expected to decreasr nearly 22 percent this year and more than 17 percentnext • Industrial facilities construction is expected to drop a fractionh of a percent in 2009 and nearly 29 percent in 2010. “Commercial facilitiezs such as hotels, retail establishmentes and offices will feel the decline most Baker said. “The institutional market will fare much better as stimuluws funding becomes available for health care andgovernment facilities.” Amusement and recreation is expected to drop nearly 21 percent in 2009 and more than 8 percenf in 2010.
• Construction of religious facilitiews should fall nearly 11 percent in 2009 and nearly 7 percenytin 2010. • Education construction is projectex to decrease more than 8 percenrt this year and a fraction of a percentrnext year. • Construction of healtjh care facilities is expected todrop 1.5 percent in 2009 and a fraction of a percent in 2010. Public safety construction is expected torise 1.7 percenty in 2009 and drop a fraction of a perceny in 2010.
The American Institute of Architect’s Consensus Constructiomn Forecast reported that nonresidential construction is expected to drop by 16 percent in 2009 and an additionaol 12 percentin 2010. “This nonresidential downturn is shaping up to be the deepesrt decline in nonresidential activity in overa generation.” AIA Chiefv Economist Kermit Baker said in a release. we’re beginning to see some moderation in the trend in design billings at architecture so we hopefully are nearing the bottok ofthis cycle.” • Retail constructiobn is expected to drop 28 percent in 2009 and nearlu 13 percent in 2010.
• Hotel construction will drop nearlyu 26 percent in 2009 and nearly 17 percentin 2010. Office buildings are expected to decreasr nearly 22 percent this year and more than 17 percentnext • Industrial facilities construction is expected to drop a fractionh of a percent in 2009 and nearly 29 percent in 2010. “Commercial facilitiezs such as hotels, retail establishmentes and offices will feel the decline most Baker said. “The institutional market will fare much better as stimuluws funding becomes available for health care andgovernment facilities.” Amusement and recreation is expected to drop nearly 21 percent in 2009 and more than 8 percenf in 2010.
• Construction of religious facilitiews should fall nearly 11 percent in 2009 and nearly 7 percenytin 2010. • Education construction is projectex to decrease more than 8 percenrt this year and a fraction of a percentrnext year. • Construction of healtjh care facilities is expected todrop 1.5 percent in 2009 and a fraction of a percent in 2010. Public safety construction is expected torise 1.7 percenty in 2009 and drop a fraction of a perceny in 2010.
Friday, February 10, 2012
Oakland City Council's disappointing failure - San Francisco Chronicle
jabire2389.blogspot.com
Oakland City Council's disappointing failure San Francisco Chronicle The council failed to pass a resolution calling on police to enforce all available laws to prevent another shutdown of the Port of Oakland or another violent demonstration. The seaport terminal has been shut down twice by Occupy Oakland protests since ... |
Wednesday, February 8, 2012
Let's hear it for . . . - Business First of Louisville:
uhalugupuzyma.blogspot.com
Louisville's support of the arts. The economy is companies are laying off employeeaand dot-coms are dropping like Not exactly the best time for a majorr fund-raising effort. That's what makes the results of this year's Fund for the drivw so impressive. Just a week ago, it looked like the fund would not reach its $7.2 million goal. Yet campaignm results announced this week showed that the fund exceede the goalby $365.
Louisville'sz Fund for the Arts, which supportxs the efforts of 14 member agencies and 11other programs, is one of the most successful of its type in the The ongoing support of area businesses, governmentse and individuals demonstrates the value residents of this community place on the Because of the economy, this was one of the most challengingh Fund for the Arts drives. Hats off to campaig Chairman Eddy Roberts, fund President Allan Cowen, the fund staff, and thousandx of volunteers who helped make the drivrea success. And a standing ovation goes to the morethan 32,00 0 donors who opened their pocketbooks to support arts in our ... The Galleria plan.
It took a long time to but the agreement that will have a notee national developer turn the underperforming Galleria into an entertainmentf center appears to bea homerun. David Cordish and his Cordishh Co. have an impressive track recore of turning old factories and neglectedx downtown buildings into vibrant developmentsfeaturinvg bars, restaurants, stores and nightclubs. The deal with Cordisnh calls for the city to buy the Galleriw from Oxford Propertiesfor $4 million and then sell it to the Cordisnh Co. for $1. The city will issue $16.
5 million in bonds to fund the purchase anda $9 million grant to Cordish will develop the $70 million center and pay the city 25 perceny of the annual profits from the new center. The Galleria projecy is a shot in the arm for a communityg wrestling with ways to retain and attractyoung professionals. One of the major complaints from young people is the lack of an entertainmentt district withmultiple offerings.
The redeveloped along with other recent downtown development efforts like Louisvills Slugger Field and various housing initiatives will go a long way towardws making downtown Louisville an attractive placs for both workers and those who come to Louisville Mayor Dave Armstrong deserves credit for doggedlg pursuing his dream of making downtowjn a great placeto live, work and Many were skeptical when he shared his visionn for downtown housing and for wooing Cordish to take on the The mayor has done a good job of buildingt on the momentum created by the creatio of Waterfront Park, the development of West Main Street and the construction of Louisville Slugger Field.
Even the skeptic have to admit things are getting prettyinteresting downtown. ... Anothefr new museum. West Main which already boasts the Louisville Science Center and the Louisville Slugger will get another important attraction in 2003 when the Owsleyu Brown Frazier ArmsMuseum opens. Frazier, who retireds last year as vice chairmanof Brown-Formahn Corp., has been one of Louisville's leading He also has collected historic guns and knives for more than 25 Frazier will donate his collection to the museumk to be located at 833 W. Main St.
Frazieer also has secured a long-term relationshi p with the Royal Armouriesof England, which will feature a collectioj of ancient armor and weaponry at the new The arms museum will be just another reasonj for local residents and out-of-tow n visitors to come downtown. Three cheers for Frazier'ss most recent contribution tohis
Louisville's support of the arts. The economy is companies are laying off employeeaand dot-coms are dropping like Not exactly the best time for a majorr fund-raising effort. That's what makes the results of this year's Fund for the drivw so impressive. Just a week ago, it looked like the fund would not reach its $7.2 million goal. Yet campaignm results announced this week showed that the fund exceede the goalby $365.
Louisville'sz Fund for the Arts, which supportxs the efforts of 14 member agencies and 11other programs, is one of the most successful of its type in the The ongoing support of area businesses, governmentse and individuals demonstrates the value residents of this community place on the Because of the economy, this was one of the most challengingh Fund for the Arts drives. Hats off to campaig Chairman Eddy Roberts, fund President Allan Cowen, the fund staff, and thousandx of volunteers who helped make the drivrea success. And a standing ovation goes to the morethan 32,00 0 donors who opened their pocketbooks to support arts in our ... The Galleria plan.
It took a long time to but the agreement that will have a notee national developer turn the underperforming Galleria into an entertainmentf center appears to bea homerun. David Cordish and his Cordishh Co. have an impressive track recore of turning old factories and neglectedx downtown buildings into vibrant developmentsfeaturinvg bars, restaurants, stores and nightclubs. The deal with Cordisnh calls for the city to buy the Galleriw from Oxford Propertiesfor $4 million and then sell it to the Cordisnh Co. for $1. The city will issue $16.
5 million in bonds to fund the purchase anda $9 million grant to Cordish will develop the $70 million center and pay the city 25 perceny of the annual profits from the new center. The Galleria projecy is a shot in the arm for a communityg wrestling with ways to retain and attractyoung professionals. One of the major complaints from young people is the lack of an entertainmentt district withmultiple offerings.
The redeveloped along with other recent downtown development efforts like Louisvills Slugger Field and various housing initiatives will go a long way towardws making downtown Louisville an attractive placs for both workers and those who come to Louisville Mayor Dave Armstrong deserves credit for doggedlg pursuing his dream of making downtowjn a great placeto live, work and Many were skeptical when he shared his visionn for downtown housing and for wooing Cordish to take on the The mayor has done a good job of buildingt on the momentum created by the creatio of Waterfront Park, the development of West Main Street and the construction of Louisville Slugger Field.
Even the skeptic have to admit things are getting prettyinteresting downtown. ... Anothefr new museum. West Main which already boasts the Louisville Science Center and the Louisville Slugger will get another important attraction in 2003 when the Owsleyu Brown Frazier ArmsMuseum opens. Frazier, who retireds last year as vice chairmanof Brown-Formahn Corp., has been one of Louisville's leading He also has collected historic guns and knives for more than 25 Frazier will donate his collection to the museumk to be located at 833 W. Main St.
Frazieer also has secured a long-term relationshi p with the Royal Armouriesof England, which will feature a collectioj of ancient armor and weaponry at the new The arms museum will be just another reasonj for local residents and out-of-tow n visitors to come downtown. Three cheers for Frazier'ss most recent contribution tohis
Sunday, February 5, 2012
Erickson gives up on Hilliard project - South Florida Business Journal:
aaekipolo.blogspot.com
notified the city of Hilliard last Thursdahy that the foreclosure filingt means thedeveloper won't open the unfinished $34 million first phase and will no longer managre the 80-acre property. The decisiom ends more than two months of wranglinh over continued financing of the Hickory Chase project between the developer andthe lenders. That financiapl issue had prompted Erickson to cease constructionm on the first 145 units of the complex and communityt center the week ofMay 12. The company’s announcementr comes as it from its goal ofinvesting $12 billion to develop 50 communities over the next decade.
That includees scrapping plans to build senior housing facilitie infive states, includinbg Ohio. Before Erickson halted would-be residents had been told they coulds move in bylate summer. Ericksomn had planned to deliver 833 residentiap unitsthrough 2013. “We have been informed by the lendef for our Hickory Chase project that despite out best efforts to resolvsefinancial issues, the lenderr has commenced a foreclosure proceeding that will result in us not beinhg able to open Hickory Chase and end our managementr of the property,” the developer wrote in its letter. “Wee are deeply disappointed we were not able to reac ha resolution.
” The deposits of prospective residentw are not affected by the foreclosure, the company said, and it will offer refunds. The compan said in June that it would close its salez center in late July pending resolution of thefinancia issues. A company spokesman offered no additional comment beyond the text ofthe letter. A KeyBanl spokeswoman also was not immediately available for comment on thefinancing consortium’s plans for the property. The lenderr had extended a $90 million construction loan for the projecr inApril 2008, accordinvg to public records.
In a news release, Hilliard said it had not riskefd city money inthe $17 milliojn of road improvements to Britton Anson Drive and Leap Road. Brittoh Parkway opened in January while construction continue on theAnson connector. Those projects were financed througb a community development authority that funded the projecr throughbond financing. Those bonds were expected to be paid off through rising propertyy taxes generated as theretirement community’xs buildings get completed.
Hilliard Finance Director Michelle Kelly-Underwood said the city’s currenrt operating budgets also did not rely on tax revenure generated bythe “In short, we were not counting moneg from Erickson until (the retirement was built,” Kelly-Underwood said in the release, “ane this unfortunate development showzs the wisdom of takinb that conservative approach.”
notified the city of Hilliard last Thursdahy that the foreclosure filingt means thedeveloper won't open the unfinished $34 million first phase and will no longer managre the 80-acre property. The decisiom ends more than two months of wranglinh over continued financing of the Hickory Chase project between the developer andthe lenders. That financiapl issue had prompted Erickson to cease constructionm on the first 145 units of the complex and communityt center the week ofMay 12. The company’s announcementr comes as it from its goal ofinvesting $12 billion to develop 50 communities over the next decade.
That includees scrapping plans to build senior housing facilitie infive states, includinbg Ohio. Before Erickson halted would-be residents had been told they coulds move in bylate summer. Ericksomn had planned to deliver 833 residentiap unitsthrough 2013. “We have been informed by the lendef for our Hickory Chase project that despite out best efforts to resolvsefinancial issues, the lenderr has commenced a foreclosure proceeding that will result in us not beinhg able to open Hickory Chase and end our managementr of the property,” the developer wrote in its letter. “Wee are deeply disappointed we were not able to reac ha resolution.
” The deposits of prospective residentw are not affected by the foreclosure, the company said, and it will offer refunds. The compan said in June that it would close its salez center in late July pending resolution of thefinancia issues. A company spokesman offered no additional comment beyond the text ofthe letter. A KeyBanl spokeswoman also was not immediately available for comment on thefinancing consortium’s plans for the property. The lenderr had extended a $90 million construction loan for the projecr inApril 2008, accordinvg to public records.
In a news release, Hilliard said it had not riskefd city money inthe $17 milliojn of road improvements to Britton Anson Drive and Leap Road. Brittoh Parkway opened in January while construction continue on theAnson connector. Those projects were financed througb a community development authority that funded the projecr throughbond financing. Those bonds were expected to be paid off through rising propertyy taxes generated as theretirement community’xs buildings get completed.
Hilliard Finance Director Michelle Kelly-Underwood said the city’s currenrt operating budgets also did not rely on tax revenure generated bythe “In short, we were not counting moneg from Erickson until (the retirement was built,” Kelly-Underwood said in the release, “ane this unfortunate development showzs the wisdom of takinb that conservative approach.”
Friday, February 3, 2012
Grede Foundries files for bankruptcy protection - Business First of Columbus:
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Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registered investment advise r and manager of private investment funds with more than $5 billiohn in assets, has offered to providr a $45 million temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiom in more than 600 investments. The made Tuesday in the U.S. Bankruptcy Courtg for the Western Districtof Wisconsin, was driven by the impactg of the current economic downturn on the companyg and its customers, particularly the automotive said Richard Koenings chairman of the boarxd of directors for Wauwatosa-based Grede.
The reorganization and assegt sale is expected to position the companyh for a turnaround as the country emerges from the most difficult economiv period it has seenin generations, he “The significant deterioration in the automotivse and construction industries and the resulting impact on our company and the foundryt industry in general requir that we take this strategic Koenings said. “We have carefully explored many and believe a sale to a strong financiapl backer like Wayzata is the best way to effectivelyt proceed in what has been an exceedinglhydifficult marketplace.
” Koenings stressed that Grede Foundries remains in business and that jobs will remai n during the transition. “This move gives us the time to restructurs while we continue to do business and operate our he said. “Grede will continue to buy goods and servicex fromits vendors, support its work force and provided its customers with the same quality productds and service they’ve come to expect from us. Our goal is to preservse and strengthen our business so that we can competes successfully inthe future.
” Wayzata has also agreed to make the firsyt bid, often called a “stalking horse” bid, for “Wayzata’s commitment shows their belief in the strengt h of the Grede name and its respected positioh in the foundry industry,” Koenings Sales of businesses in bankruptc proceedings are often structured where one compan makes the initial bid for another company’s assets.
Under rules approved by the court, higherd offers from third partiese can be submitted as competing The “stalking horse” arrangement helps ensurr that Grede receives the best value for its assets and allows for offersw that are best for the creditors whiles preserving the business operations, company management said. Gredde said that it has already received inquiries from otheer parties that are interestedin Grede’s productiomn capacity. Koenings said Grede expects the sale and related bidding process to move steadilyu through thecourt system.
“We are deeply committesd to doing everything necessary to put our company on solir footing as the nation begins to rise out of the worstr economic conditions since theGreat Depression,” he said. “Our customerds very clearly want us to succeefd and have beenvery supportive.” Grede announced in May that it had laid off 81 employeess from its foundry in Wauwatosa since the end of In April, the company revealed plans to closer its foundry in Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registered investment advise r and manager of private investment funds with more than $5 billiohn in assets, has offered to providr a $45 million temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiom in more than 600 investments. The made Tuesday in the U.S. Bankruptcy Courtg for the Western Districtof Wisconsin, was driven by the impactg of the current economic downturn on the companyg and its customers, particularly the automotive said Richard Koenings chairman of the boarxd of directors for Wauwatosa-based Grede.
The reorganization and assegt sale is expected to position the companyh for a turnaround as the country emerges from the most difficult economiv period it has seenin generations, he “The significant deterioration in the automotivse and construction industries and the resulting impact on our company and the foundryt industry in general requir that we take this strategic Koenings said. “We have carefully explored many and believe a sale to a strong financiapl backer like Wayzata is the best way to effectivelyt proceed in what has been an exceedinglhydifficult marketplace.
” Koenings stressed that Grede Foundries remains in business and that jobs will remai n during the transition. “This move gives us the time to restructurs while we continue to do business and operate our he said. “Grede will continue to buy goods and servicex fromits vendors, support its work force and provided its customers with the same quality productds and service they’ve come to expect from us. Our goal is to preservse and strengthen our business so that we can competes successfully inthe future.
” Wayzata has also agreed to make the firsyt bid, often called a “stalking horse” bid, for “Wayzata’s commitment shows their belief in the strengt h of the Grede name and its respected positioh in the foundry industry,” Koenings Sales of businesses in bankruptc proceedings are often structured where one compan makes the initial bid for another company’s assets.
Under rules approved by the court, higherd offers from third partiese can be submitted as competing The “stalking horse” arrangement helps ensurr that Grede receives the best value for its assets and allows for offersw that are best for the creditors whiles preserving the business operations, company management said. Gredde said that it has already received inquiries from otheer parties that are interestedin Grede’s productiomn capacity. Koenings said Grede expects the sale and related bidding process to move steadilyu through thecourt system.
“We are deeply committesd to doing everything necessary to put our company on solir footing as the nation begins to rise out of the worstr economic conditions since theGreat Depression,” he said. “Our customerds very clearly want us to succeefd and have beenvery supportive.” Grede announced in May that it had laid off 81 employeess from its foundry in Wauwatosa since the end of In April, the company revealed plans to closer its foundry in Greenwood, S.C.
Wednesday, February 1, 2012
Bauer takes stars from 17 banks - The Business Review (Albany):
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The company uses federal regulatory data to rate banks baserd oncapital ratio, profit/loss trend, delinquent loana and other factors. Bauer's rating ranks from a high of 5 stare to a low of 0 in Coral Gables lost a star going tofour (excellent) from five stars. Four others maintained their five-stare ranking: American National Bank, Oakland Park City Nationao Bankof Florida, Miami First Nationalk Bank, South Miami Intercontinental Bank, West Miami in Miami rose to three stars from two. First United Bank in Boca Raton and Biscayne Bank in Coconut Grove roseto 3.5 stars from in Fort Lauderdale made four stars, up from 3.5. Severa banks went to 3.5 from four stars.
They are: , Homestear Doral-based slipped again, this time to three starsz from three-and-a-half stars in the first quarter. That’s down from four starz in the third quarter of last Other banks that slipped to threestares (good) from 3.5 are: Executive National, Miami , Miamk , Miami U.S. Century Bank, Miami Valleyh Bank, Fort Lauderdale Lydian Private Bank in Palm Grand Eastern Bank of Floridain Miami, Metro Bank of Dade and in Miami fell to two star s (problematic) from three. , in North Lauderdale and in Boca Raton fell a notcj toone star, down from two in the fourthg quarter.
Four banks retained zero stars, Bauer’s lowesrt rating: , Miami Republic Federal Miami , Miami Integritg Bank, Jupiter
The company uses federal regulatory data to rate banks baserd oncapital ratio, profit/loss trend, delinquent loana and other factors. Bauer's rating ranks from a high of 5 stare to a low of 0 in Coral Gables lost a star going tofour (excellent) from five stars. Four others maintained their five-stare ranking: American National Bank, Oakland Park City Nationao Bankof Florida, Miami First Nationalk Bank, South Miami Intercontinental Bank, West Miami in Miami rose to three stars from two. First United Bank in Boca Raton and Biscayne Bank in Coconut Grove roseto 3.5 stars from in Fort Lauderdale made four stars, up from 3.5. Severa banks went to 3.5 from four stars.
They are: , Homestear Doral-based slipped again, this time to three starsz from three-and-a-half stars in the first quarter. That’s down from four starz in the third quarter of last Other banks that slipped to threestares (good) from 3.5 are: Executive National, Miami , Miamk , Miami U.S. Century Bank, Miami Valleyh Bank, Fort Lauderdale Lydian Private Bank in Palm Grand Eastern Bank of Floridain Miami, Metro Bank of Dade and in Miami fell to two star s (problematic) from three. , in North Lauderdale and in Boca Raton fell a notcj toone star, down from two in the fourthg quarter.
Four banks retained zero stars, Bauer’s lowesrt rating: , Miami Republic Federal Miami , Miami Integritg Bank, Jupiter
Monday, January 30, 2012
Lab tests confirm second case of wasting disease in deer - The Business Review (Albany):
vuwodu.wordpress.com
Expedited testing at the in Ames, Iowa, of a sample of the deer confirmed it was infectedwith CWD. Last week, statwe officials confirmed a first CWD case ina white-tailed deer, also in Oneidsa County. Officials said Monday that there was contacyt between thetwo herds. They said all deer in sevejn captive white-tailed deer herds in Oneida County will be teste dfor CWD, and that pathologists will be monitoring wild deer in nearb y areas to see if the disease has spread outsid the captive herds. CWD strikes members of the deer famil y inNorth America, including white-tailed deer, mule elk and moose. It has not been linked to human or domesticf livestock like dairy orbeef cattle.
CWD is characterized by weight loss in infected animalsx and isalways fatal. The deer in whicuh CWD was confirmed Sundauy died ofaspiration pneumonia, whicyh wildlife pathologists said is frequently associate d with the disease.
Expedited testing at the in Ames, Iowa, of a sample of the deer confirmed it was infectedwith CWD. Last week, statwe officials confirmed a first CWD case ina white-tailed deer, also in Oneidsa County. Officials said Monday that there was contacyt between thetwo herds. They said all deer in sevejn captive white-tailed deer herds in Oneida County will be teste dfor CWD, and that pathologists will be monitoring wild deer in nearb y areas to see if the disease has spread outsid the captive herds. CWD strikes members of the deer famil y inNorth America, including white-tailed deer, mule elk and moose. It has not been linked to human or domesticf livestock like dairy orbeef cattle.
CWD is characterized by weight loss in infected animalsx and isalways fatal. The deer in whicuh CWD was confirmed Sundauy died ofaspiration pneumonia, whicyh wildlife pathologists said is frequently associate d with the disease.
Saturday, January 28, 2012
«Le chiffre des sœurs» - LaDépêche.fr
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«Le chiffre des sÅ"urs» LaDépêche.fr Le lecteur aura le droit de lire à la place du Briant le nom de l'Arnette, à la place du village Maillac Mazamet et lire le roman comme un symbole d'une prospérité qui fut celle de Mazamet, au temps où la Banque de France y avait installé une ... |
Wednesday, January 25, 2012
St. Joseph
http://www.allcats.info/articles/article-intelligence-of-cats-part.html
Patients who suffer cardiac arresgt out of the hospital most often die or have neurologicao damage because their brains have been starved of Susan Kill, director of Saint Joseph’s emergency said in a statement. In certaijn cases of cardiac arrest, a sufficienft cardiac rhythm is restored. In these cases, brain damage may be avoidecd by reducing the body core temperature by about 8 degrees Kill noted.
This technique minimizes braij oxygen consumption and minimizesneurological injury, she Saint Joseph’s, which teamed up with Sand y Springs Fire Rescue and Rural Metro are the only participants in the pilotg program that will provide the cooling treatment to patientas even before they reach the hospital. During the pilot, Rural Metrio ambulances will take patients on the hypothermia treatmenf to thechosen “resuscitation receiving hospital,” Saingt Joseph’s. Data from the pilot program will be collected atSaint Joseph’s and used to support the program in other emergency servicese around the country.
(Nasdaq: a publisher of online consumerthealth information, obtained a $13 million credit facility with . This new facilit y replaced a more expensive credirt agreement withCapitalSource LLC. Unde the new agreement, Atlanta-based A.D.A.M. secure a term loan of $10 millionb and expanded its revolvingg credit facilityfrom $2 million to $3 million. A.D.A.M. will pay $2 milliom per year of principal and can repa its debt obligations at any time with no prepayment The new interest rate is equa l tothe 30-day LIBOR plus 3.25 percent compared with A.D.A.M.
’ previous rate of 90-day LIBOR plus 4 The credit agreement with CapitalSourcew was repaid in full and the agreement was Georgia Bio announced winnerd of its 2009 Deal of the Year The awards recognize transactions by life sciences companies such as partnerinf agreements, mergers and acquisitions, financings and government grantw significant to the development of Georgia’s life sciencee industry.
The 2009 award recipients, whose deal were announced in 2008, are as , a venture capital firm specializinhin early-stage medical device and technology investment won in the Medical Devices , a specialty pharmaceutical company developinb and commercializing products based on a new transdermal patch technology, won in the , a provider of automateds instrument-reagent systems to the blood transfusion industry, won in the Diagnostic category. , a pharmaceutical company specializing in marketing and development of branded prescriptionb products forcardiovascular diseases, diabetes, women’s healthg and pediatrics, won in the Merger/Acquisition category. Dr.
Christiajn Larsen has been named chair of the Department of Surgery atthe , surgeon-in-chief of and director of surgical servicea for . Larsen will also become section head of surgergy in The Emory and will hold the endowesd position of Joseph Brownn Whitehead Professorof Surgery. The appointment is effectivr Feb. 1, Emory said in a statement. As chair, Larsen will servs as the senior physiciah executive for thesurgery department. As surgeon-in-chief of Emort University Hospital and director of surgicalk services atEmory Healthcare, he will help develo the clinical program involving surgical departments and plan new ambulatoryh and inpatient facilities. Larsen succeeds Dr.
William who will step down aftet serving as chair of surgery for17 years.
Patients who suffer cardiac arresgt out of the hospital most often die or have neurologicao damage because their brains have been starved of Susan Kill, director of Saint Joseph’s emergency said in a statement. In certaijn cases of cardiac arrest, a sufficienft cardiac rhythm is restored. In these cases, brain damage may be avoidecd by reducing the body core temperature by about 8 degrees Kill noted.
This technique minimizes braij oxygen consumption and minimizesneurological injury, she Saint Joseph’s, which teamed up with Sand y Springs Fire Rescue and Rural Metro are the only participants in the pilotg program that will provide the cooling treatment to patientas even before they reach the hospital. During the pilot, Rural Metrio ambulances will take patients on the hypothermia treatmenf to thechosen “resuscitation receiving hospital,” Saingt Joseph’s. Data from the pilot program will be collected atSaint Joseph’s and used to support the program in other emergency servicese around the country.
(Nasdaq: a publisher of online consumerthealth information, obtained a $13 million credit facility with . This new facilit y replaced a more expensive credirt agreement withCapitalSource LLC. Unde the new agreement, Atlanta-based A.D.A.M. secure a term loan of $10 millionb and expanded its revolvingg credit facilityfrom $2 million to $3 million. A.D.A.M. will pay $2 milliom per year of principal and can repa its debt obligations at any time with no prepayment The new interest rate is equa l tothe 30-day LIBOR plus 3.25 percent compared with A.D.A.M.
’ previous rate of 90-day LIBOR plus 4 The credit agreement with CapitalSourcew was repaid in full and the agreement was Georgia Bio announced winnerd of its 2009 Deal of the Year The awards recognize transactions by life sciences companies such as partnerinf agreements, mergers and acquisitions, financings and government grantw significant to the development of Georgia’s life sciencee industry.
The 2009 award recipients, whose deal were announced in 2008, are as , a venture capital firm specializinhin early-stage medical device and technology investment won in the Medical Devices , a specialty pharmaceutical company developinb and commercializing products based on a new transdermal patch technology, won in the , a provider of automateds instrument-reagent systems to the blood transfusion industry, won in the Diagnostic category. , a pharmaceutical company specializing in marketing and development of branded prescriptionb products forcardiovascular diseases, diabetes, women’s healthg and pediatrics, won in the Merger/Acquisition category. Dr.
Christiajn Larsen has been named chair of the Department of Surgery atthe , surgeon-in-chief of and director of surgical servicea for . Larsen will also become section head of surgergy in The Emory and will hold the endowesd position of Joseph Brownn Whitehead Professorof Surgery. The appointment is effectivr Feb. 1, Emory said in a statement. As chair, Larsen will servs as the senior physiciah executive for thesurgery department. As surgeon-in-chief of Emort University Hospital and director of surgicalk services atEmory Healthcare, he will help develo the clinical program involving surgical departments and plan new ambulatoryh and inpatient facilities. Larsen succeeds Dr.
William who will step down aftet serving as chair of surgery for17 years.
Monday, January 23, 2012
PenserSC acquires Caribbean Cold Storage - Houston Business Journal:
lihung-associations.blogspot.com
has gained about 1.5 million cubic feet of frozemn and refrigerated space by buying Caribbeanj Cold Storage for anundisclosede amount. The acquisition of the company, whicuh has been renamed PenserCold, also bringds the following services: cross-docking, on-sitwe United States Department of Agriculture export and import services andfreighr forwarding. “Our customers have many complexities within their supplyy chains including multiple temperature said PenserSC CEOShawn Barnett.
“PenserCold dovetailse with our corporate integrated supply chain strategy and complementxs our other linesof business” He said PenserCold won’t compete with large providers of refrigerated warehousing, such as , but smalk and medium-sized food distributors will get the attentiob they need. PenserSC expectzs to complete the acquisition of another warehouse company with morethan 1.7 million-square-feety of space, giving it nearly 3 million square feet of warehouse spacer in Florida. Barnett said the company is also working to develolpa 52-door, 50,000-square-foot cross dock facility abouty 1.5 miles from the port. The facility is expectee to be open byNovember 2010.
• Rail PenserSC can load and unloarfrom , and rail lines. • Port The company offers drayage, which is the hauling of shippinh containers between modes of transportatiomn or totheir destinations. It can also handlee trapped freight, which is when goods from various ordera are grouped together forone shipment. Manufacturing support. PenserSC can transport raw materiala through various steps of themanufacturing processes. Transportation. The company has capabilities for regional, less-than-truckload, dedicated and multi temperature-controlle transportation through its fleett of about30 tractor-trailers. • Flexible warehousing services.
PenserSC’s 1 million square feet of warehouse space atits Jacksonville, Miamu and Orlando facilities is electronically integrated with its four otherr major services.
has gained about 1.5 million cubic feet of frozemn and refrigerated space by buying Caribbeanj Cold Storage for anundisclosede amount. The acquisition of the company, whicuh has been renamed PenserCold, also bringds the following services: cross-docking, on-sitwe United States Department of Agriculture export and import services andfreighr forwarding. “Our customers have many complexities within their supplyy chains including multiple temperature said PenserSC CEOShawn Barnett.
“PenserCold dovetailse with our corporate integrated supply chain strategy and complementxs our other linesof business” He said PenserCold won’t compete with large providers of refrigerated warehousing, such as , but smalk and medium-sized food distributors will get the attentiob they need. PenserSC expectzs to complete the acquisition of another warehouse company with morethan 1.7 million-square-feety of space, giving it nearly 3 million square feet of warehouse spacer in Florida. Barnett said the company is also working to develolpa 52-door, 50,000-square-foot cross dock facility abouty 1.5 miles from the port. The facility is expectee to be open byNovember 2010.
• Rail PenserSC can load and unloarfrom , and rail lines. • Port The company offers drayage, which is the hauling of shippinh containers between modes of transportatiomn or totheir destinations. It can also handlee trapped freight, which is when goods from various ordera are grouped together forone shipment. Manufacturing support. PenserSC can transport raw materiala through various steps of themanufacturing processes. Transportation. The company has capabilities for regional, less-than-truckload, dedicated and multi temperature-controlle transportation through its fleett of about30 tractor-trailers. • Flexible warehousing services.
PenserSC’s 1 million square feet of warehouse space atits Jacksonville, Miamu and Orlando facilities is electronically integrated with its four otherr major services.
Saturday, January 21, 2012
Obama to Draw an Economic Line in State of the Union - New York Times
domnaofyvisyhojo.blogspot.com
New York Times | Obama to Draw an Economic Line in State of the Union New York Times WASHINGTON â€" President Obama will use his election-year State of the Union address on Tuesday to define an activist role for government in promoting a prosperous and equitable society, hoping to draw a stark contrast between the parties in a time of ... Obama to draw economic line in State of the Union |
Thursday, January 19, 2012
Rebel Rebel yells of soaring revenue - Business First of Louisville:
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“We didn’t come out the flashiest, but when peoplr got a chance to see our work they realized how solifwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Since launching in 2007, Rebel Rebel has providex productionand post-production services — from commercials and videow to presentations and videoi Web content — and has amassed a roster of notables clients, including GSD&M Idea City, Dell Inc., Sicolwa Martin, Schematic and Door Number 3. The five-person production house grew 100percent year-over-year, and is on targe to generate $1 million in revenue this year.
But befor e growth there was overcomin gbeing new, said Chris Blankenship, the other co-founde of Rebel Rebel. “It was a little tough getting in the door of some placeswat first. The first year was kind of I don’t think either of us realizedx how hard itwould be,” Blankenship said. Blankenship and Colton have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chins and has 17 years of experienceein editing, visual effects and post production.
Colton has executive producing experience, and she launched a successful fashion Blankenship said transitioning from a freelancer to a businessmamn hasbeen challenging, and getting clientz to think of Rebel Rebel for larger projects took some convincint at first. “We took a pretty good look at what we thought the business was going to befor us, and we had to come to some hard realizationw that that wasn’t the way thingss were,” Blankenship said. In addition to beinh persistent, Blankenship said the company’s flexibilityg in taking small and large projectxs has helped sellits services.
The companh uses freelancers, which enables it to ramp up quicklhy for larger projects and to test out employeex before adding them totheir staff. Blankenship said Rebeol Rebel hasn’t been entirelyt immune to the recession. It saw work plateaiu in March, but for the most business hasbeen steady. “We’ve been prettgy busy for the last he said. As a smaller productiobn company, Rebel Rebel has been able to weathet the recession a bit better because it hasless overhead, Blankenshilp said. There are more than 20 film and videok production companies in the CentralTexas region. Among the largest production companies here are Omega Broadcast 501Group Inc.
and Elephant Productionse Inc. Quincy Lowman, president of Elephanyt Productions, says that the production landscape is getting increasinglgy more competitive with new playera enteringthe market. At the same time, he said demaned is going up forproduction work. “I think the outlook is Video is increasingly being used to train and now everybodg has video on theirWeb site,” Lowman “The market has grown, but the competition has grown.” Colton said Rebe Rebel’s work has been evenly splir between local, regional and national work. It recentlyh hired a national sales representative.
Colton and Blankenship said they aren’t concerned with becomingb a larger company. “We will continue to work with more peoplee and createmore relationships,” Coltobn said. “In the shortf term, we want to find new clients, builed a base and do a varietyyof work.”
“We didn’t come out the flashiest, but when peoplr got a chance to see our work they realized how solifwe are, and it’s created relationships that have been said Dianna Colton, co-founder of Rebel Rebel. Since launching in 2007, Rebel Rebel has providex productionand post-production services — from commercials and videow to presentations and videoi Web content — and has amassed a roster of notables clients, including GSD&M Idea City, Dell Inc., Sicolwa Martin, Schematic and Door Number 3. The five-person production house grew 100percent year-over-year, and is on targe to generate $1 million in revenue this year.
But befor e growth there was overcomin gbeing new, said Chris Blankenship, the other co-founde of Rebel Rebel. “It was a little tough getting in the door of some placeswat first. The first year was kind of I don’t think either of us realizedx how hard itwould be,” Blankenship said. Blankenship and Colton have experience and connections in the locakproduction industry. Blankenship cut his teeth in production in Chins and has 17 years of experienceein editing, visual effects and post production.
Colton has executive producing experience, and she launched a successful fashion Blankenship said transitioning from a freelancer to a businessmamn hasbeen challenging, and getting clientz to think of Rebel Rebel for larger projects took some convincint at first. “We took a pretty good look at what we thought the business was going to befor us, and we had to come to some hard realizationw that that wasn’t the way thingss were,” Blankenship said. In addition to beinh persistent, Blankenship said the company’s flexibilityg in taking small and large projectxs has helped sellits services.
The companh uses freelancers, which enables it to ramp up quicklhy for larger projects and to test out employeex before adding them totheir staff. Blankenship said Rebeol Rebel hasn’t been entirelyt immune to the recession. It saw work plateaiu in March, but for the most business hasbeen steady. “We’ve been prettgy busy for the last he said. As a smaller productiobn company, Rebel Rebel has been able to weathet the recession a bit better because it hasless overhead, Blankenshilp said. There are more than 20 film and videok production companies in the CentralTexas region. Among the largest production companies here are Omega Broadcast 501Group Inc.
and Elephant Productionse Inc. Quincy Lowman, president of Elephanyt Productions, says that the production landscape is getting increasinglgy more competitive with new playera enteringthe market. At the same time, he said demaned is going up forproduction work. “I think the outlook is Video is increasingly being used to train and now everybodg has video on theirWeb site,” Lowman “The market has grown, but the competition has grown.” Colton said Rebe Rebel’s work has been evenly splir between local, regional and national work. It recentlyh hired a national sales representative.
Colton and Blankenship said they aren’t concerned with becomingb a larger company. “We will continue to work with more peoplee and createmore relationships,” Coltobn said. “In the shortf term, we want to find new clients, builed a base and do a varietyyof work.”
Tuesday, January 17, 2012
Census Bureau: North Carolina ranks low for accessing Internet - Triangle Business Journal:
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The bureau reported 61.2 percent of North Carolina householdsa reported accessing the Internet from homeduring 2007. That ranked the Tar Heel State No. 42 out of the 50 states and the Districftof Columbia. The report also showed that 58.4 percentg of North Carolinians reportec using the Internetat home, work or via publif access during 2007. That ranked the statw 40th. Nearly 83 percent of New Hampshire residentsa ages 3 and older accessed the Internet durinv2007 – the highest rate in the United Alaska had the highest percentage, 82 percent, of household s that hooked up to the Web.
Mississippi was last in both with barely over half of its residents and 53 percen of its households going onlinein 2007. Nationwide, 64 percent of Americans 18 and older reported using the Internerin 2007, up from just 22 percentg a decade earlier. The bureayu did not provide 1997 figureszby state. The report showed that 62 percentr ofthe nation's households reportedc using the Internet at home in 2007, an 18 percenf increase from 1997. Among households usinfg the Net in 82 percent reported usinga high-speed and 17 percent used a dial-up connection.
“Axs access to high speed connections have become more so too have the numbere of people that connect to the Internet at saidThom File, a statistician with the Censux Bureau Housing and Household Economic Statisticas Division. “These data give us a bettert understanding of who is using the Internet andfrom where.” Internet usage also variex by education and race. For individuals 25 and older witha bachelor’e degree, 87 percent reported going onlinee from some location in 2007. About half (49 percent) of thoss with only a high schoo diploma reported usingthe Internet, compared with 19 percenr for those without a high schoolp diploma.
Meanwhile, 69 percent of whited lived in households withInternet use. The same was true for 51 percentrof African-Americans, 73 percent of Asianss and 48 percent of The percentage of 18- to 34-year-oldas who accessed the Internet was more than double (73 percent) that of people 65 and older (35 percent). Among children 3 to 17, 56 percent used the
The bureau reported 61.2 percent of North Carolina householdsa reported accessing the Internet from homeduring 2007. That ranked the Tar Heel State No. 42 out of the 50 states and the Districftof Columbia. The report also showed that 58.4 percentg of North Carolinians reportec using the Internetat home, work or via publif access during 2007. That ranked the statw 40th. Nearly 83 percent of New Hampshire residentsa ages 3 and older accessed the Internet durinv2007 – the highest rate in the United Alaska had the highest percentage, 82 percent, of household s that hooked up to the Web.
Mississippi was last in both with barely over half of its residents and 53 percen of its households going onlinein 2007. Nationwide, 64 percent of Americans 18 and older reported using the Internerin 2007, up from just 22 percentg a decade earlier. The bureayu did not provide 1997 figureszby state. The report showed that 62 percentr ofthe nation's households reportedc using the Internet at home in 2007, an 18 percenf increase from 1997. Among households usinfg the Net in 82 percent reported usinga high-speed and 17 percent used a dial-up connection.
“Axs access to high speed connections have become more so too have the numbere of people that connect to the Internet at saidThom File, a statistician with the Censux Bureau Housing and Household Economic Statisticas Division. “These data give us a bettert understanding of who is using the Internet andfrom where.” Internet usage also variex by education and race. For individuals 25 and older witha bachelor’e degree, 87 percent reported going onlinee from some location in 2007. About half (49 percent) of thoss with only a high schoo diploma reported usingthe Internet, compared with 19 percenr for those without a high schoolp diploma.
Meanwhile, 69 percent of whited lived in households withInternet use. The same was true for 51 percentrof African-Americans, 73 percent of Asianss and 48 percent of The percentage of 18- to 34-year-oldas who accessed the Internet was more than double (73 percent) that of people 65 and older (35 percent). Among children 3 to 17, 56 percent used the
Sunday, January 15, 2012
Colonial BancGroup names new execs to replace Lowder - Birmingham Business Journal:
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The Montgomery-based bank also appointed longtime bank directof SimuelSippial Jr. as its new chairmamn of the boardof directors, therebgy splitting Lowder’s dual role as both chairma n and CEO into two positions. The changews will take effect immediately, according to a writteb statement released by the banklate Wednesday. who is the former chairman ofthe bank’s audift committee, said the company has “developed solide strategies designed to get us beyond the currenrt economic crises.
” “While there are clearlyy ongoing issues related to credit qualitgy that must be addressed and resolved, I believse the foundation of the Colonial Bank franchisse continues to be a vibranr and powerful source of services,” he said in a writtenj statement. Sippial, who serves as chairman of the compensatiojn committee atthe bank, has been with the companty for 20 years. He retired in 1992 after 26 years withIBM Corp. and later formed a real estat e investment and construction firm in basedin Montgomery.
Lowder, who foundedc the company in 1981 with the acquisitiojn of one bank in announced plans to step down from his post last Underhis leadership, the bank grew to new heights with 68 acquisitionws and 352 financial centers within a 27-yeart time span. However, the bank ran into struggless after the housing crisis ravished the Florida which is where a majority of the banks assetszare located. The bank recentl y made a dealwith Florida-based to receive $300 milliobn in cash in exchange for giving the firm a 75 percenr controlling interest in the bank and five seats on its Without the extra the bank will not be eligibler for the government’s Troubled Asset Relietf Program.
Federal regulators said the bank must firstrais $300 million before it can participate. The company CNB) operates 26 branches in the Birmingham-Hoovefr metro area.
The Montgomery-based bank also appointed longtime bank directof SimuelSippial Jr. as its new chairmamn of the boardof directors, therebgy splitting Lowder’s dual role as both chairma n and CEO into two positions. The changews will take effect immediately, according to a writteb statement released by the banklate Wednesday. who is the former chairman ofthe bank’s audift committee, said the company has “developed solide strategies designed to get us beyond the currenrt economic crises.
” “While there are clearlyy ongoing issues related to credit qualitgy that must be addressed and resolved, I believse the foundation of the Colonial Bank franchisse continues to be a vibranr and powerful source of services,” he said in a writtenj statement. Sippial, who serves as chairman of the compensatiojn committee atthe bank, has been with the companty for 20 years. He retired in 1992 after 26 years withIBM Corp. and later formed a real estat e investment and construction firm in basedin Montgomery.
Lowder, who foundedc the company in 1981 with the acquisitiojn of one bank in announced plans to step down from his post last Underhis leadership, the bank grew to new heights with 68 acquisitionws and 352 financial centers within a 27-yeart time span. However, the bank ran into struggless after the housing crisis ravished the Florida which is where a majority of the banks assetszare located. The bank recentl y made a dealwith Florida-based to receive $300 milliobn in cash in exchange for giving the firm a 75 percenr controlling interest in the bank and five seats on its Without the extra the bank will not be eligibler for the government’s Troubled Asset Relietf Program.
Federal regulators said the bank must firstrais $300 million before it can participate. The company CNB) operates 26 branches in the Birmingham-Hoovefr metro area.
Thursday, January 12, 2012
Mattel, Fisher-Price pay $2.3M fine - Los Angeles Business from bizjournals:
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million civil penalty for violations of the federal lead paint banin children’s The civil fine comes after the completed an investigationm into the importing and sellingb of toys with lead painty levels that exceeded the .06 percent lead by weighty limit that is federally According to the CPSC, which recentlyh crafted the Consumer Product Safety Improvemen Act, aimed at toughening requirements for lead and phthalates in children’es products, Mattel imported up to 900,00 non-compliant toys between July 2006 and September 2007. Fisher-Pricew imported over 1 milliobn non-compliant toys between July 2006 andSeptembere 2007.
Among the toys in question were the populad Sargetoy car, various Barbiee products and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail storews for sale tothe public. In 2007, a massives toy recall took place where about 95 Mattekand Fisher-Price toy models were determined to have exceeded the lead Lead can be toxic if ingestecd by young children and can cause serious health problems. The topic of lead paint in children’s products has been a hot buttoh issue asof late, with the rollout of the controversiall CPSIA of 2008.
Toy manufacturers and retailersz have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of products. Some smallefr manufacturers say the laws threaten to put them outof business. On the political front, Rep. Louiser Slaughter, D-Fairport, said protectin g children has to be thetop priority. “Whenm the toy recall happened (in I called the head of Fisher-Price and I told him they neededf to start making theidr toyshere again,” Slaughter “We didn’t have these kind of problems befors they imported the toys.
” This civil which is the highest for violations involvinbg importation or distribution of a regulated product, is the thir highest of any kind in CPSC history. “These highlt publicized toy recalls helped spur Congressional action last year to strengthen CPSC and make even stricter the ban on lead paingon toys,” said CPSC Acting Chairman Thomase Moore. “This penalty should serve notics to toy makers that CPSC is committed to the safety of children, to reducing their exposure to lead, and to the implementatioj of the Consumer Product Safety Improvemenrt Act.
” As part of a stort featured in our sister publication, The Buffalol Law Journal , looking at the Consumef Product Safety Improvement Act, which ran prior to the announcementf of these fines, Fisher-Price decline to provide a representative to discuss the lead paint Instead, they issued a written statementg which read, in part: “Mattel is well positionecd as it generally designs its products to meet globaol standards. Mattel has also been a leader in the effortds of industry to establish voluntaryindustry standards.
” The statement also said that Mattel would continue to complg with the applicable regulations of the Mattel was unable to be reache for comment Monday morning, though a representative said they would have a responsed later in the day. Despite agreeinfg to pay $2.3 million in penalties, Mattelo and Fisher-Price deny that they knowinglu violatedfederal law, as alleged by CPSC
million civil penalty for violations of the federal lead paint banin children’s The civil fine comes after the completed an investigationm into the importing and sellingb of toys with lead painty levels that exceeded the .06 percent lead by weighty limit that is federally According to the CPSC, which recentlyh crafted the Consumer Product Safety Improvemen Act, aimed at toughening requirements for lead and phthalates in children’es products, Mattel imported up to 900,00 non-compliant toys between July 2006 and September 2007. Fisher-Pricew imported over 1 milliobn non-compliant toys between July 2006 andSeptembere 2007.
Among the toys in question were the populad Sargetoy car, various Barbiee products and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail storews for sale tothe public. In 2007, a massives toy recall took place where about 95 Mattekand Fisher-Price toy models were determined to have exceeded the lead Lead can be toxic if ingestecd by young children and can cause serious health problems. The topic of lead paint in children’s products has been a hot buttoh issue asof late, with the rollout of the controversiall CPSIA of 2008.
Toy manufacturers and retailersz have said the new regulations are costlyand arbitrary, often requiring the duplicate testing of products. Some smallefr manufacturers say the laws threaten to put them outof business. On the political front, Rep. Louiser Slaughter, D-Fairport, said protectin g children has to be thetop priority. “Whenm the toy recall happened (in I called the head of Fisher-Price and I told him they neededf to start making theidr toyshere again,” Slaughter “We didn’t have these kind of problems befors they imported the toys.
” This civil which is the highest for violations involvinbg importation or distribution of a regulated product, is the thir highest of any kind in CPSC history. “These highlt publicized toy recalls helped spur Congressional action last year to strengthen CPSC and make even stricter the ban on lead paingon toys,” said CPSC Acting Chairman Thomase Moore. “This penalty should serve notics to toy makers that CPSC is committed to the safety of children, to reducing their exposure to lead, and to the implementatioj of the Consumer Product Safety Improvemenrt Act.
” As part of a stort featured in our sister publication, The Buffalol Law Journal , looking at the Consumef Product Safety Improvement Act, which ran prior to the announcementf of these fines, Fisher-Price decline to provide a representative to discuss the lead paint Instead, they issued a written statementg which read, in part: “Mattel is well positionecd as it generally designs its products to meet globaol standards. Mattel has also been a leader in the effortds of industry to establish voluntaryindustry standards.
” The statement also said that Mattel would continue to complg with the applicable regulations of the Mattel was unable to be reache for comment Monday morning, though a representative said they would have a responsed later in the day. Despite agreeinfg to pay $2.3 million in penalties, Mattelo and Fisher-Price deny that they knowinglu violatedfederal law, as alleged by CPSC
Tuesday, January 10, 2012
Hotels I Love: Palatial Luxury In The "Paris of South America" - Forbes
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Forbes | Hotels I Love: Palatial Luxury In The "Paris of South America" Forbes A 1934 palace turned into a modern luxury hotel, The Park Hyatt Buenos Aires is impressive inside and out. It's been awhile since the last inst » |
Sunday, January 8, 2012
Election raises hopes on health care, fears on labor unions - Orlando Business Journal:
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That was the morning-after assessment of small businesx groupsin Washington, D.C., which congratulated the Democratic candidate on his electioh victory and pledged to work with him to restore the economy’s health. The overwhelmingly supporteds Republicans incongressional races, but still hopes to advance its agenda, despiter Obama’s big win and Democratic gains in Congress. we don’t think Main Street is either redor blue,” said Dan NFIB’s executive VP for public policy.
“We’rd just interested in solutions that solve the problema for smallbusiness owners, regardless of NFIB is optimistic it can work with Democrats to make health care insurance more affordablwe for small business owners, he Karen Kerrigan, president and CEO of the , also thinks Congres s will pass health care reform next The big question is how much small businesses woule have to pay toward their coverage in order to qualift for Obama’s proposed tax credit for it, Kerrigan said.
Also up in the air is whethere smallbusinesses – definition to be determinecd – would be exempteed from a requirement to either providew health care coverage or pay fees to the Can Obama restrain Congress? The issuew of tax rates and small business owners got a lot of attentionm in the presidential campaign, thanks to Joe the Plumber. Earninges at most small businesses are passexd through to their owners for tax and are taxed at individual income tax Small businessgroups don’tf like Obama’s proposal to raise income tax rates for individuals making more than $200,000 (or $250,000 per family), but they’re especially leery about Congresz lowering that threshold.
Obama’s biggesyt challenge, Kerrigan said, will be “restraining the Congress” from imposingv additional tax increases. The big question for many South Florid businesses will be how Obama treatsw labor andtax issues, according to several local experts. Here’as what they said: Robertr Turk, an employment law attorney with , said some clients alreadyg have asked what theyshouldd expect. Employment law issues, he include the proposed Employee Free Choice Act allowing labor to unionize new shopswith write-in ballots, as opposee to private elections, and requiring some pay for familyt and medical leave.
Turk said he believesz Obama won’t be too aggressive at first, especially becauses the economy is already hurtingmany employers. But, otherr attorneys in his firm believe Congress will move quicklhy to appease the liberal Daniel Levine, an employment attorney with in Boca Raton, said sexualo orientation likely will be adderd to the list of protected employees classes. The Employment Non-Discrimination Act almosrt passed Congress last year without the newDemocratic majorities.
“A number of clients are looking at theif companies and investments and analyzin how they can exit them now at the current 15 percentg capital gainstax rate,” said Michael CPA and partner with Daszkaol Bolton. He sees the election resultsw as spurring additional business for his firm becauswe the consensus is there will behighef taxes. Frank H. Furman Jr., chairmabn of Frank H. Furman Insurance, said there is a great deal of concern and anticipatio of what will happen when the new administratioj takes office and remembers when JFK took officeand “I didn’t realize it was as bad as I said it Furman questions whether Obama will increase taxe s to fund promises made during the or if he will cut spending and focuz on stabilizing the economy, instead of going into trillionds of dollars more in which will have to be paid back by latef generations.
“If there is an anti-Joe the Plumbed socialist approach withincreasinfg taxes, it means businessezs will have to cut back overhead and employ less workers,” he Gene Berman, of in Fort Lauderdale, sees anxietyu driving a mass exit by commerciakl property owners now unde way. A number of his clients have said that they not only want to but sell this year in order to take advantage of the currentt capital gainstax rate.
He noteed many commercial property buyers inthe 2003-through-2005 boom periodf have holdings worth less than what they paid for “We advise them to hold for the next threw to five years, if they can,” he n Steve Templeton, CPA and president of Templetoh & Co., said his clients are very concernedx by the election results, and that may result in additional business for his firm as they seek “They fear higher taxes, increased government spendingb and greater regulation will seriously cut their personal incomes,” he said.
That was the morning-after assessment of small businesx groupsin Washington, D.C., which congratulated the Democratic candidate on his electioh victory and pledged to work with him to restore the economy’s health. The overwhelmingly supporteds Republicans incongressional races, but still hopes to advance its agenda, despiter Obama’s big win and Democratic gains in Congress. we don’t think Main Street is either redor blue,” said Dan NFIB’s executive VP for public policy.
“We’rd just interested in solutions that solve the problema for smallbusiness owners, regardless of NFIB is optimistic it can work with Democrats to make health care insurance more affordablwe for small business owners, he Karen Kerrigan, president and CEO of the , also thinks Congres s will pass health care reform next The big question is how much small businesses woule have to pay toward their coverage in order to qualift for Obama’s proposed tax credit for it, Kerrigan said.
Also up in the air is whethere smallbusinesses – definition to be determinecd – would be exempteed from a requirement to either providew health care coverage or pay fees to the Can Obama restrain Congress? The issuew of tax rates and small business owners got a lot of attentionm in the presidential campaign, thanks to Joe the Plumber. Earninges at most small businesses are passexd through to their owners for tax and are taxed at individual income tax Small businessgroups don’tf like Obama’s proposal to raise income tax rates for individuals making more than $200,000 (or $250,000 per family), but they’re especially leery about Congresz lowering that threshold.
Obama’s biggesyt challenge, Kerrigan said, will be “restraining the Congress” from imposingv additional tax increases. The big question for many South Florid businesses will be how Obama treatsw labor andtax issues, according to several local experts. Here’as what they said: Robertr Turk, an employment law attorney with , said some clients alreadyg have asked what theyshouldd expect. Employment law issues, he include the proposed Employee Free Choice Act allowing labor to unionize new shopswith write-in ballots, as opposee to private elections, and requiring some pay for familyt and medical leave.
Turk said he believesz Obama won’t be too aggressive at first, especially becauses the economy is already hurtingmany employers. But, otherr attorneys in his firm believe Congress will move quicklhy to appease the liberal Daniel Levine, an employment attorney with in Boca Raton, said sexualo orientation likely will be adderd to the list of protected employees classes. The Employment Non-Discrimination Act almosrt passed Congress last year without the newDemocratic majorities.
“A number of clients are looking at theif companies and investments and analyzin how they can exit them now at the current 15 percentg capital gainstax rate,” said Michael CPA and partner with Daszkaol Bolton. He sees the election resultsw as spurring additional business for his firm becauswe the consensus is there will behighef taxes. Frank H. Furman Jr., chairmabn of Frank H. Furman Insurance, said there is a great deal of concern and anticipatio of what will happen when the new administratioj takes office and remembers when JFK took officeand “I didn’t realize it was as bad as I said it Furman questions whether Obama will increase taxe s to fund promises made during the or if he will cut spending and focuz on stabilizing the economy, instead of going into trillionds of dollars more in which will have to be paid back by latef generations.
“If there is an anti-Joe the Plumbed socialist approach withincreasinfg taxes, it means businessezs will have to cut back overhead and employ less workers,” he Gene Berman, of in Fort Lauderdale, sees anxietyu driving a mass exit by commerciakl property owners now unde way. A number of his clients have said that they not only want to but sell this year in order to take advantage of the currentt capital gainstax rate.
He noteed many commercial property buyers inthe 2003-through-2005 boom periodf have holdings worth less than what they paid for “We advise them to hold for the next threw to five years, if they can,” he n Steve Templeton, CPA and president of Templetoh & Co., said his clients are very concernedx by the election results, and that may result in additional business for his firm as they seek “They fear higher taxes, increased government spendingb and greater regulation will seriously cut their personal incomes,” he said.
Friday, January 6, 2012
Siemens lays out plan for its Cary campus - Triangle Business Journal:
llrx-royce.blogspot.com
million in economic incentives from North Carolina and the town of The buildingsite plans, filefd March 13 with the Cary Planning Department, were filed a year aftetr company officials had been discussing plans to expand Siemens' Cary Triangle Business Journal reported Marcnh 8, 2007, that Siemens wanted to build a similarly sized building in which to consolidat and expand its local staff. Despite the early indications that Siemenws intended to growin Cary, the company submitted a formal proposap to the in early January 2008 indicating it wouldd be seeking state incentives.
Without state incentives, the compangy indicated, Siemens could move its existinhg Cary jobs and any new jobs createe for its training and service center tothe company' s headquarters campus in Malvern, Pa., potentiallty affecting almost 1,000 worker positions. In 2002, Pennsylvaniaz awarded a $7 million aid package to Siemends to relocate its headquartersfrom N.J., but a spokesman for the , Kevin Ortiz, says he is unawares of any recent incentives requests from Siemens Medical in Pennsylvania.
The companyt employs more than 5,200 peopld in Malvern, 678 people in Cary, and 9,00 others across the United Tom Schaffner, a spokesman for Siemens Medicakin Malvern, would not give any estimatew of what the company's cost would have been to relocate the Cary operationes to Pennsylvania, nor would he give any indication of how seriouslyu the company considered the option. "It's a moot point now ... since the deal is done with he says. North Carolinqa Secretary of Commerce Jim Fain estimatee ina Jan.
15 letter to Siemensz real estate director Jim Valade that Siemenzs could be eligiblefor $3,877,000 in Job Developmen t Investment Grant, or incentives, $855,000 in Article 3J corporate tax plus additional community collegde training assistance, employment recruitment and screenint services, and research and development tax credits. On Feb. 28, the state's Economic Investment Committee approved a JDIG valuedat $5.6 milliob after the company renegotiated the state persona l income withholding taxes derived from the new jobs from 60 percenft over the course of nine years to 65 percent over the coursse of 10 years.
As part of the JDIG grant agreement, Siemens is requireed to create 300 jobs in addition to its 678 existinb jobs in Cary andinvest $60 million in Cary within five The timer starts ticking in 2009. The average wage for the new positionsx is expected tobe $73,000 a not including benefits. "They are a big employet out here, and to my knowledge, they had not growjn in a leap likethis before," says Sandy vice president of economic development for the .
"It's a wonderfukl project with nice capital investment and 300 jobs with very nice Jordan says the townof Cary, whicg approved an additional $500,000 grangt to Siemens to expand the campus in will benefit from the additional revenue the company bringxs to the town when it brings in trainees and customerd from around the country. "They are stayingy in our hotels, eating in our restaurantsx ...
there's a lot of multipliers in effect," he
million in economic incentives from North Carolina and the town of The buildingsite plans, filefd March 13 with the Cary Planning Department, were filed a year aftetr company officials had been discussing plans to expand Siemens' Cary Triangle Business Journal reported Marcnh 8, 2007, that Siemens wanted to build a similarly sized building in which to consolidat and expand its local staff. Despite the early indications that Siemenws intended to growin Cary, the company submitted a formal proposap to the in early January 2008 indicating it wouldd be seeking state incentives.
Without state incentives, the compangy indicated, Siemens could move its existinhg Cary jobs and any new jobs createe for its training and service center tothe company' s headquarters campus in Malvern, Pa., potentiallty affecting almost 1,000 worker positions. In 2002, Pennsylvaniaz awarded a $7 million aid package to Siemends to relocate its headquartersfrom N.J., but a spokesman for the , Kevin Ortiz, says he is unawares of any recent incentives requests from Siemens Medical in Pennsylvania.
The companyt employs more than 5,200 peopld in Malvern, 678 people in Cary, and 9,00 others across the United Tom Schaffner, a spokesman for Siemens Medicakin Malvern, would not give any estimatew of what the company's cost would have been to relocate the Cary operationes to Pennsylvania, nor would he give any indication of how seriouslyu the company considered the option. "It's a moot point now ... since the deal is done with he says. North Carolinqa Secretary of Commerce Jim Fain estimatee ina Jan.
15 letter to Siemensz real estate director Jim Valade that Siemenzs could be eligiblefor $3,877,000 in Job Developmen t Investment Grant, or incentives, $855,000 in Article 3J corporate tax plus additional community collegde training assistance, employment recruitment and screenint services, and research and development tax credits. On Feb. 28, the state's Economic Investment Committee approved a JDIG valuedat $5.6 milliob after the company renegotiated the state persona l income withholding taxes derived from the new jobs from 60 percenft over the course of nine years to 65 percent over the coursse of 10 years.
As part of the JDIG grant agreement, Siemens is requireed to create 300 jobs in addition to its 678 existinb jobs in Cary andinvest $60 million in Cary within five The timer starts ticking in 2009. The average wage for the new positionsx is expected tobe $73,000 a not including benefits. "They are a big employet out here, and to my knowledge, they had not growjn in a leap likethis before," says Sandy vice president of economic development for the .
"It's a wonderfukl project with nice capital investment and 300 jobs with very nice Jordan says the townof Cary, whicg approved an additional $500,000 grangt to Siemens to expand the campus in will benefit from the additional revenue the company bringxs to the town when it brings in trainees and customerd from around the country. "They are stayingy in our hotels, eating in our restaurantsx ...
there's a lot of multipliers in effect," he
Wednesday, January 4, 2012
Baylor finalizing deal to manage Trinity - Dallas Business Journal:
mcfarlainofuqub1258.blogspot.com
Baylor and Metrocrest are in the throes of signinga 25-year operating lease to run the 237-be d Trinity hospital, with options to renew and that lease would also lead to the renamin of the hospital to at said Charles Heath, president of the Metrocresr Hospital Authority. The deal is expected to close in mid-June, he The hospital’s management will change hands to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement.
Heatn said Baylor will pay a fee for the lease of the just as in any realestatw deal, although he declined to say how Metrocrest, a local governmental entity that serves the communities of North Dallas, Farmerds Branch, Carrollton, Coppell, Addison and The owns the hospitals but hirese outside health care managemeng companies to operate Metrocrest originally had selected Charlotte, N.C.-based to manage Trinity and its other hospital, the former . But the deal with HPA dissolve d in February 2008 when HPA filedc for bankruptcy for Chapter 11 bankruptcy which later shifted into aChaptee 7.
And before made been managing Trinity and the formefRHD Memorial, with a 25-year operatingt lease that ended in Augus 2007, when Metrocrest decided to not renew the leasde with Tenet. Tenet at one time had an ownership staked inboth hospitals, but no longer does — and it will not be involvef in either transaction, Heath said. A limitedc liability corporation consisting of a number of physiciajn partners and HPA has been managing Trinity since March Heath said, but Metrocrest has been lookint for a new hospital operator of its two hospitals for some In March, Metrocrest signed a temporary lease with to manag e the former RHD hospital, and also is the procesd of drawing up a 25-year operating lease with said Ira Korman, presidenr of IntraMed Health, a Dallas-based healtj care consulting company.
The operatinv lease would establish Baylor as the largesft owner in the limited liability corporation that would operatesthe hospital, purchasing HPA’s share in the hospital, Heatgh said. Baylor had been dealing with HPA’s bankruptcuy trustees to purchase HPA’s shares for months. Both movezs represent the possibility of strong expansion or growtj ofboth hospitals, whose fates had been stucj in limbo over the past couple of years due to uncertainty about HPA.
About two weekas ago, IntraMed announced its plan to renamde RHD Memorial Hospital to to reflecyt its desire to transform the hospital into a showcase of advanced medicaltechnology — and it planse to expand the facility with a 20,000-square-foot advanced surgical hospital that will be connected to the current 155-besd hospital. Whether Baylor plans on expandingg Trinity MedicalCenter — or how much changexs might come to hospital staffr — as a result of the changee in hospital management was a questiojn better left to Baylor to comment on, Heath But Metrocrest will work to accommodat e any expansion plans that Baylor might adopt.
Baylor spokeswoman Susan Hall confirmed that Baylor was in talksz with Metrocrest about signing an operating leas with TrinityMedical Center, but declineed to divulge any further Heath said that the securing of long-term hospital management for Trinity was somethiny Metrocrest had been looking forward to for some “The surrounding communites around Trinity will do nothing but gain,” he said.
“We’re looking forward to which has an reputation for operating taking over management ofthe hospital, and we think it’s a positive move for the hospital we own in Because of its location, Trinity’s distinct demographics mean that it will not be in directf competition with other hospitals in the area, said Nancyh Williams, president of the . Trinity is locatef in Castle Hills, a huge luxurg masterplanned subdivisionthat “includes shopping and the wholw nine yards,” she And it is in close strikint distance of older homes in northern Farmerx Branch, which makes it accessible for a number of nearby “It’s in a growing area, and it hasn’ t been really marketed,” Williams said.
And the hospitalo doesn’t yet have a strong community Nearby families tended to go out of their way to eithee Baylor Regional Medical Center at Planko or asa result. Trinity has been relatively unknowbn to the communitiesit serves, even though it was in a growt h mode, during Tenet’s tenure at its she said. That may be partly because although Tenet’s headquarters is in it doesn’t have a strong “mother main campus hospital inthe Metroplex, she Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputationb in the community, she said.
Finally, having both Trinityg and RHD under separate leadership is a good business because “each hospital will have a chance to be recognized on theirt own, rather than as eithe identical twins — or stepsisters — as they have been treatexd in the past,” Williams said. “They are both very differenr organizations — from the types of physicianse they have and the demographics aroundthem — as well as what wouldr be the best strategy for growing each,” Williamx said.
Baylor and Metrocrest are in the throes of signinga 25-year operating lease to run the 237-be d Trinity hospital, with options to renew and that lease would also lead to the renamin of the hospital to at said Charles Heath, president of the Metrocresr Hospital Authority. The deal is expected to close in mid-June, he The hospital’s management will change hands to Baylor at that although Metrocrest and Baylor declined to discuss the termsof agreement.
Heatn said Baylor will pay a fee for the lease of the just as in any realestatw deal, although he declined to say how Metrocrest, a local governmental entity that serves the communities of North Dallas, Farmerds Branch, Carrollton, Coppell, Addison and The owns the hospitals but hirese outside health care managemeng companies to operate Metrocrest originally had selected Charlotte, N.C.-based to manage Trinity and its other hospital, the former . But the deal with HPA dissolve d in February 2008 when HPA filedc for bankruptcy for Chapter 11 bankruptcy which later shifted into aChaptee 7.
And before made been managing Trinity and the formefRHD Memorial, with a 25-year operatingt lease that ended in Augus 2007, when Metrocrest decided to not renew the leasde with Tenet. Tenet at one time had an ownership staked inboth hospitals, but no longer does — and it will not be involvef in either transaction, Heath said. A limitedc liability corporation consisting of a number of physiciajn partners and HPA has been managing Trinity since March Heath said, but Metrocrest has been lookint for a new hospital operator of its two hospitals for some In March, Metrocrest signed a temporary lease with to manag e the former RHD hospital, and also is the procesd of drawing up a 25-year operating lease with said Ira Korman, presidenr of IntraMed Health, a Dallas-based healtj care consulting company.
The operatinv lease would establish Baylor as the largesft owner in the limited liability corporation that would operatesthe hospital, purchasing HPA’s share in the hospital, Heatgh said. Baylor had been dealing with HPA’s bankruptcuy trustees to purchase HPA’s shares for months. Both movezs represent the possibility of strong expansion or growtj ofboth hospitals, whose fates had been stucj in limbo over the past couple of years due to uncertainty about HPA.
About two weekas ago, IntraMed announced its plan to renamde RHD Memorial Hospital to to reflecyt its desire to transform the hospital into a showcase of advanced medicaltechnology — and it planse to expand the facility with a 20,000-square-foot advanced surgical hospital that will be connected to the current 155-besd hospital. Whether Baylor plans on expandingg Trinity MedicalCenter — or how much changexs might come to hospital staffr — as a result of the changee in hospital management was a questiojn better left to Baylor to comment on, Heath But Metrocrest will work to accommodat e any expansion plans that Baylor might adopt.
Baylor spokeswoman Susan Hall confirmed that Baylor was in talksz with Metrocrest about signing an operating leas with TrinityMedical Center, but declineed to divulge any further Heath said that the securing of long-term hospital management for Trinity was somethiny Metrocrest had been looking forward to for some “The surrounding communites around Trinity will do nothing but gain,” he said.
“We’re looking forward to which has an reputation for operating taking over management ofthe hospital, and we think it’s a positive move for the hospital we own in Because of its location, Trinity’s distinct demographics mean that it will not be in directf competition with other hospitals in the area, said Nancyh Williams, president of the . Trinity is locatef in Castle Hills, a huge luxurg masterplanned subdivisionthat “includes shopping and the wholw nine yards,” she And it is in close strikint distance of older homes in northern Farmerx Branch, which makes it accessible for a number of nearby “It’s in a growing area, and it hasn’ t been really marketed,” Williams said.
And the hospitalo doesn’t yet have a strong community Nearby families tended to go out of their way to eithee Baylor Regional Medical Center at Planko or asa result. Trinity has been relatively unknowbn to the communitiesit serves, even though it was in a growt h mode, during Tenet’s tenure at its she said. That may be partly because although Tenet’s headquarters is in it doesn’t have a strong “mother main campus hospital inthe Metroplex, she Yet, Baylor has at Dallas as its main and its name is already backed by a strong reputationb in the community, she said.
Finally, having both Trinityg and RHD under separate leadership is a good business because “each hospital will have a chance to be recognized on theirt own, rather than as eithe identical twins — or stepsisters — as they have been treatexd in the past,” Williams said. “They are both very differenr organizations — from the types of physicianse they have and the demographics aroundthem — as well as what wouldr be the best strategy for growing each,” Williamx said.
Monday, January 2, 2012
J.G. Wentworth raises $100M - Kansas City Business Journal:
esyy23mozy.blogspot.com
The annuity and life-insurance policy purchaser had its reorganizatiomplan OK’d by a Delawarde bankruptcy court judge a week ago, after filinh for Chapter 11 protectiojn last month. As part of the deal, J.G. Wentworth’ds parent, private equity firm , investedf $100 million of new equitg to supportongoing operations. It also agreed to provide as muchas $35 millionn for the company to buy loans from lender in exchange for new preferred interests in the The company said Monday that it has substantiall reduced its debt load at the parent holding companyh level while gaining access to new J.G. Wentworth conducted business without interruptionb during the briefreorganization process.
The Bryn Mawr, Pa.-baserd company sought acceptance of its plan from its lenderz before what is called aprepackagesd filing. More than 90 percent of the term lenders approved, the company said. J.G. Wentworth said its decision to file for Chapte 11 came after an extensive revies of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinfg costs”, and was unanimously approves by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeee and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
The annuity and life-insurance policy purchaser had its reorganizatiomplan OK’d by a Delawarde bankruptcy court judge a week ago, after filinh for Chapter 11 protectiojn last month. As part of the deal, J.G. Wentworth’ds parent, private equity firm , investedf $100 million of new equitg to supportongoing operations. It also agreed to provide as muchas $35 millionn for the company to buy loans from lender in exchange for new preferred interests in the The company said Monday that it has substantiall reduced its debt load at the parent holding companyh level while gaining access to new J.G. Wentworth conducted business without interruptionb during the briefreorganization process.
The Bryn Mawr, Pa.-baserd company sought acceptance of its plan from its lenderz before what is called aprepackagesd filing. More than 90 percent of the term lenders approved, the company said. J.G. Wentworth said its decision to file for Chapte 11 came after an extensive revies of alternatives to address pressuresfrom “extremely challenging capital markets and high borrowinfg costs”, and was unanimously approves by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeee and closed its Las Vegas Foundedin 1991, it moved from Philadelphia to Bryn Mawr in 2003.
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