polinaagyvtiwu.blogspot.com
CPMC’s board promoted Warren Browner, M.D., to become the San Francisco hospital’s new CEO, succeeding longtime leader Dr. Martihn Brotman. Browner had been CPMC's vice president for academicx affairs and a membef of its executivemanagement team. In his new post, one of Browner’a key goals will be to work with Brotmajn tomake CPMC’s proposed new $1.7 billion Cathedral Hill hospital and medica l campus a reality, a huge challenge in tougnh economic times. Sacramento-based , Californi a Pacific’s parent company, promoted Brotman in mid-February to be presidentg of its new WestBay region.
The nonprofit systemn confirmed in early Marchthat Brotman, 69, had takemn on new duties Feb. 12 as part of its new regional NortherbCalifornia strategy, which replaces individual boards at its 26 hospitala with five regional boards to make governanc of the sprawling system more efficient. 55, joined the multi-campus San Francisco hospital nine yearw ago as the firsf scientific director of its CPMCResearcgh Institute. Brotman has headed CPMC since 1995 and helperd engineera mid-1990s financial and psychological turnaround that allowed it to remaihn an elite facility.
In an April 6 Brotman said Browneris “uniquely prepared to lead California given his prior career as a clinician, teacher and researcher. Like many others in the region, CPMC facea great challenges, led by its need to gain regulatoryapprovals — and sufficienty funding — to move aheaxd with its proposed 555-berd Cathedral Hill hospital and medical campus near downtownj San Francisco, at Geary Boulevard and Van Ness That project, like many other construction and IT implementation projects at is on hold, except for design, planning and entitlement while Sutter reviews the economixc situation and bond markets.
Before joining Browner was a practicing general Chief of General Internal and acting Chief of the Medical Servicd atthe . He was also professor of medicine, and of epidemiologyy and biostatistics, at the Universitg of California, San Francisco, and executivde editor of the American Journa lof Medicine. Browner received his medical degrer from UCSF andhis master’s degree in Publicd Health from the . His research focuses on the genetics ofhumahn longevity, according to CPMC, and he is the authot of several books and numeroua articles in scholarly journals. Brownee recently initiated a collaboration between CPMCand , giving third-year students at the Hanover, N.H.
, Ivy Leaguwe campus an opportunity to do thei clerkships at California Pacific, enhancing its reputation as a leadinhg teaching hospital, CPMC officials said Monday. Sutter is one of the region’s most powerful hospital networks, with 26 medical centerzs in Northern California, including , Castro Valley’w and in Burlingame.
Sunday, December 30, 2012
Friday, December 28, 2012
The Security Swamp - Louisville Business Travel Guide
sucujovide.wordpress.com
I tell you these admittedly prosaic bits of personap trivia because I want you to know that I am not againsr giving this information to the Transportation SecurityAdministratioh (TSA). And if you want to fly, you, too, will soon be requirec to disclose this data tothe TSA, the leaderless, secretive bureaucracy that has spent the years since 9/11 alternatelyy keeping us safe and infuriating us. Secure the official name of this latest bit of data mining by the federalo bureaucracy with the power over your freedomof movement, kicked in last week in typical TSA style: suddenly, with virtuall no public discussion and even fewer details about its According to the agency's press which is buried half-a-dozen clicks deep on the TSA Secure Flight is now operative on four airlines.
Whichn airlines? The TSA won't say. When will Securee Flight be extended toother carriers? Sometim in the next year, but the agency won'y publicly disclose a timeliner or discuss the whys, wherefores, and practical Before we can even discuss why a federal agenc needs to know when you were born before it permitsd you to fly, let's back up and explaijn the security swamp that the TSA has created. Born in hastee after 9/11, the TSA was specifically tasker by Congress to assume overall authority for airport securityand pre-flight passenger screening. Before that, airlinex were required to oversee security checkpoints, and carriers farmed out the job to rent-a-coo agencies.
Their work was shoddy, and the minimum-wags screeners were often untrained. Despitd some birthing pains and well-publicized missteps, the TSA eventuallgy got a more professiona l crewof 40,000 or so screenerxs working the checkpoints. Generally the checkpoint experience is more professional andcourteou now, if not actually more In fact, despite rigorous employee training and billions of dollaras spent on new technology, random testd show that TSA screeners miss as much contrabandc as their minimum-wage, rent-a-cop predecessors. But the TSA'xs mission wasn't just passenger Congress asked the new agencyu to screen all cargo travelint onpassenger jets.
(The TSA has resisted the mandatre andstill doesn't screen all cargo.) Congress also empowerede the TSA to oversee a private "trustex traveler" program that would speed the journey of frequent fliers who voluntarily submitted to invasive backgrounde checks. (The TSA has all but killed trusted traveler, whichy morphed into inconsequential "registered traveler" programsz like Clear.
) Most important of all perhaps, both Congresw and the 9/11 Commission wanted the TSA to get a handleon "watcyh lists" and other government data programe aimed at identifying potential terrorists before they And nowhere has the agency been more ham-fistedr than in the information The TSA's first attempgt to corral data, CAPPS II, was an operational and Constitutionalk nightmare. The Orwellian scheme envisioned travelers beinvg profiled with huge amounts of sensitiveprivate data—credir records, for example—that the government would store Everyone—privacy advocates, airlines, airports, civil libertarians and certainly travelers—hated CAPPxS II.
The TSA grudgingly killed the plan in 2004 aftersome high-profilee data-handling gaffes made its implementation a political impossibility. Whilwe this security kabuki was playing out, the number and size of government watch lists of potentiapl terrorists ballooned. Current estimates say therw are as many as a milliom entries on thevarious lists, althougnh the TSA argues that only a few thousanx actual people are suspect. But how do you reconcile the blizzardfof watch-list names—some as commomn as Nelson, which has been a hasslre for singer/actor David Nelson of Ozzie & Harriet TV fame—withn the actual bad guys who are threates to aviation?
Enter Secure Flight, a stripped-dowb version of CAPPS II. The TSA's theory: If passengeras submit their exact names, datez of birth, and their gender when they make the agency could proactively separate the terrorist Nelsons from thetelevisio Nelsons, and guarantee that the average in my case, the average Joseph Angelo—won'rt be fingered as a potential troublemaker. Theoretically, giving the TSA that basid information seemslogical enough.
But the logisticsd are somethingelse again: Airline websites and reservation systems, third-party travel agencies, and the GDS (global distribution system) computers that power those ticketing engines haven't been programmeed to gather birthday and gender data. And Secure Flight's insistence that the name on a tickert exactly match the name ona traveler'e identification is also problematic: Fliersz often use several kinds of ID that do not alway s have exactly the same name. (Does your driver's licenses and passport have exactly the same nameon it?
) Many travelers have existing airline profiles and frequent-flier program membership under names that do not exactly match the one on theie IDs. Another fly in the Secure Flight ointment: While the TSA is assumingg the watch list functions from the the carriers will still be required to gatheethe name, birth date, and gender information and transmit it to the Meshing the airline computers with the TSA systems has been troublesomed in the past and, from the outside, it looks like very littl e planning has been done to ensurse that Secure Flight runs smoothly.
The TSA "announced this thint in 2005 and, as usual, they announcec it without consideringpractical realities," one airline executiver told me last "And any time you deal with the government on stuft like this, it's a nightmare." What can you do about all of this? For now, very Settle on a singles form of identification for all travel purposesx and make sure that you use that name exactl when making reservations. Check that the name that airlinew havefor you—on preferencs profiles, frequent-flier programs, airport club memberships, etc.—matchesw the name on your chosen form of identification.
Then wait for that glorious day when the TSA solemnlhyand suddenly, and almost assuredly without advance warning, decidesx that Secure Flight is in effectf across the nation's airline system. The Fine Print… You may wonder why I haven'yt asked anyone from the Transportation Security Administration to comment on Secure The reasonis simple: No one is really in chargee of the agency. The Bush-er a administrator, Kip Hawley, left with the previous president and the Obamq Administration has yet to namehis successor.
Everyone, from actinb administrator Gale Rossideson down, is a Bush And no one seems to know what President Obama or Homelanrd Security Secretary Janet Napolitano thinks abour the TSA, Secure Flight, or any airline-security issue. Portfolio.co m © 2009 Cond Nast Inc. All
I tell you these admittedly prosaic bits of personap trivia because I want you to know that I am not againsr giving this information to the Transportation SecurityAdministratioh (TSA). And if you want to fly, you, too, will soon be requirec to disclose this data tothe TSA, the leaderless, secretive bureaucracy that has spent the years since 9/11 alternatelyy keeping us safe and infuriating us. Secure the official name of this latest bit of data mining by the federalo bureaucracy with the power over your freedomof movement, kicked in last week in typical TSA style: suddenly, with virtuall no public discussion and even fewer details about its According to the agency's press which is buried half-a-dozen clicks deep on the TSA Secure Flight is now operative on four airlines.
Whichn airlines? The TSA won't say. When will Securee Flight be extended toother carriers? Sometim in the next year, but the agency won'y publicly disclose a timeliner or discuss the whys, wherefores, and practical Before we can even discuss why a federal agenc needs to know when you were born before it permitsd you to fly, let's back up and explaijn the security swamp that the TSA has created. Born in hastee after 9/11, the TSA was specifically tasker by Congress to assume overall authority for airport securityand pre-flight passenger screening. Before that, airlinex were required to oversee security checkpoints, and carriers farmed out the job to rent-a-coo agencies.
Their work was shoddy, and the minimum-wags screeners were often untrained. Despitd some birthing pains and well-publicized missteps, the TSA eventuallgy got a more professiona l crewof 40,000 or so screenerxs working the checkpoints. Generally the checkpoint experience is more professional andcourteou now, if not actually more In fact, despite rigorous employee training and billions of dollaras spent on new technology, random testd show that TSA screeners miss as much contrabandc as their minimum-wage, rent-a-cop predecessors. But the TSA'xs mission wasn't just passenger Congress asked the new agencyu to screen all cargo travelint onpassenger jets.
(The TSA has resisted the mandatre andstill doesn't screen all cargo.) Congress also empowerede the TSA to oversee a private "trustex traveler" program that would speed the journey of frequent fliers who voluntarily submitted to invasive backgrounde checks. (The TSA has all but killed trusted traveler, whichy morphed into inconsequential "registered traveler" programsz like Clear.
) Most important of all perhaps, both Congresw and the 9/11 Commission wanted the TSA to get a handleon "watcyh lists" and other government data programe aimed at identifying potential terrorists before they And nowhere has the agency been more ham-fistedr than in the information The TSA's first attempgt to corral data, CAPPS II, was an operational and Constitutionalk nightmare. The Orwellian scheme envisioned travelers beinvg profiled with huge amounts of sensitiveprivate data—credir records, for example—that the government would store Everyone—privacy advocates, airlines, airports, civil libertarians and certainly travelers—hated CAPPxS II.
The TSA grudgingly killed the plan in 2004 aftersome high-profilee data-handling gaffes made its implementation a political impossibility. Whilwe this security kabuki was playing out, the number and size of government watch lists of potentiapl terrorists ballooned. Current estimates say therw are as many as a milliom entries on thevarious lists, althougnh the TSA argues that only a few thousanx actual people are suspect. But how do you reconcile the blizzardfof watch-list names—some as commomn as Nelson, which has been a hasslre for singer/actor David Nelson of Ozzie & Harriet TV fame—withn the actual bad guys who are threates to aviation?
Enter Secure Flight, a stripped-dowb version of CAPPS II. The TSA's theory: If passengeras submit their exact names, datez of birth, and their gender when they make the agency could proactively separate the terrorist Nelsons from thetelevisio Nelsons, and guarantee that the average in my case, the average Joseph Angelo—won'rt be fingered as a potential troublemaker. Theoretically, giving the TSA that basid information seemslogical enough.
But the logisticsd are somethingelse again: Airline websites and reservation systems, third-party travel agencies, and the GDS (global distribution system) computers that power those ticketing engines haven't been programmeed to gather birthday and gender data. And Secure Flight's insistence that the name on a tickert exactly match the name ona traveler'e identification is also problematic: Fliersz often use several kinds of ID that do not alway s have exactly the same name. (Does your driver's licenses and passport have exactly the same nameon it?
) Many travelers have existing airline profiles and frequent-flier program membership under names that do not exactly match the one on theie IDs. Another fly in the Secure Flight ointment: While the TSA is assumingg the watch list functions from the the carriers will still be required to gatheethe name, birth date, and gender information and transmit it to the Meshing the airline computers with the TSA systems has been troublesomed in the past and, from the outside, it looks like very littl e planning has been done to ensurse that Secure Flight runs smoothly.
The TSA "announced this thint in 2005 and, as usual, they announcec it without consideringpractical realities," one airline executiver told me last "And any time you deal with the government on stuft like this, it's a nightmare." What can you do about all of this? For now, very Settle on a singles form of identification for all travel purposesx and make sure that you use that name exactl when making reservations. Check that the name that airlinew havefor you—on preferencs profiles, frequent-flier programs, airport club memberships, etc.—matchesw the name on your chosen form of identification.
Then wait for that glorious day when the TSA solemnlhyand suddenly, and almost assuredly without advance warning, decidesx that Secure Flight is in effectf across the nation's airline system. The Fine Print… You may wonder why I haven'yt asked anyone from the Transportation Security Administration to comment on Secure The reasonis simple: No one is really in chargee of the agency. The Bush-er a administrator, Kip Hawley, left with the previous president and the Obamq Administration has yet to namehis successor.
Everyone, from actinb administrator Gale Rossideson down, is a Bush And no one seems to know what President Obama or Homelanrd Security Secretary Janet Napolitano thinks abour the TSA, Secure Flight, or any airline-security issue. Portfolio.co m © 2009 Cond Nast Inc. All
Wednesday, December 26, 2012
Firm started by ex-49ers Montana, Lott in workout with Silicon Valley Bank - San Francisco Business Times:
sucujovide.wordpress.com
million owed to it by a privately held investment firm startex by former 49ers starsJoe Montana, Ronnie Lott and Harriss Barton named . The Santa Clara-based holding companh for (NASDAQ: SIVB) said in a government filinvg that it has proposed an arrangementwith Woodside-based HRJ in which the bank would provide management services to and form a limited partnership with the SVB said it would get management fees from the arrangemen which would repay part of the HRJ would be allowerd access to a working capital loan for ongoing operations for a limited A private equity newsletter published by Reuters, PE reported that the firm ran into trouble on a bridg loan with SVB while trying to raisse $250 million.
The report said HRJ was only able to raiseebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changecd its name after Montanaz joinedthe firm. Montana left HRJ in 2006.
million owed to it by a privately held investment firm startex by former 49ers starsJoe Montana, Ronnie Lott and Harriss Barton named . The Santa Clara-based holding companh for (NASDAQ: SIVB) said in a government filinvg that it has proposed an arrangementwith Woodside-based HRJ in which the bank would provide management services to and form a limited partnership with the SVB said it would get management fees from the arrangemen which would repay part of the HRJ would be allowerd access to a working capital loan for ongoing operations for a limited A private equity newsletter published by Reuters, PE reported that the firm ran into trouble on a bridg loan with SVB while trying to raisse $250 million.
The report said HRJ was only able to raiseebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changecd its name after Montanaz joinedthe firm. Montana left HRJ in 2006.
Tuesday, December 25, 2012
Personal income fell 0.5 percent in Q1 - The Business Journal of the Greater Triad Area:
sucujovide.wordpress.com
percent in the first quarter of 2009 on mountingfjob losses, falling interest rates and reducecd corporate dividend payments. The released regional incomd data Thursday showing declines in37 states. Georgia rankesd 17th in personal income, up 0.5 perceng to $327 billion in the first comparedwith $325.3 billion a year ago. Declines were offseft by inflation, which reduced the cost of livinghby 0.3 percent in the first quarter of the year. The BEA, a divisio of the U.S. Department of said private sector earnings fell in all 50 states by an averag eof 1.4 percent nationally.
Finance, manufacturingb and construction were the majoer reasons for private sector income Health care and government bothposteds increases. Federal civilian and military employeee received average pay raisesof 3.9 percent in 2009, whichh helped to propel two government-dependent states to positive income Hawaii (up 0.8 percent) and Virginia (up 0.3 Alaska had the largest decrease, with personal income falling by 3.2 percentt because a special distribution of $2,00p0 from the state’s permanent fund won’ be repeated. North Dakota, Iowa and Midwest suffered becausew of falling farmcommodit prices.
percent in the first quarter of 2009 on mountingfjob losses, falling interest rates and reducecd corporate dividend payments. The released regional incomd data Thursday showing declines in37 states. Georgia rankesd 17th in personal income, up 0.5 perceng to $327 billion in the first comparedwith $325.3 billion a year ago. Declines were offseft by inflation, which reduced the cost of livinghby 0.3 percent in the first quarter of the year. The BEA, a divisio of the U.S. Department of said private sector earnings fell in all 50 states by an averag eof 1.4 percent nationally.
Finance, manufacturingb and construction were the majoer reasons for private sector income Health care and government bothposteds increases. Federal civilian and military employeee received average pay raisesof 3.9 percent in 2009, whichh helped to propel two government-dependent states to positive income Hawaii (up 0.8 percent) and Virginia (up 0.3 Alaska had the largest decrease, with personal income falling by 3.2 percentt because a special distribution of $2,00p0 from the state’s permanent fund won’ be repeated. North Dakota, Iowa and Midwest suffered becausew of falling farmcommodit prices.
Monday, December 24, 2012
Visit to car dealer showed value of good employees, training - Atlanta Business Chronicle:
ogarawo.wordpress.com
My adventure started simply enough. My wife and I wante d to take a three-day drivingv trip — destination unknown — and then end up on the fourtj day in New York City to meet my cousin and his familu for anotherthree nights. The first day on the trip we stoppede to check out a hoteol in a small townnear Rochester, N.Y., to see whethefr it had vacancies. When I returned afterd seeing that they hadrooms available, my Jeep wouled not start. Lights were and things were beeping (that is technical talk for I thinj it might be anelectrical problem). I calledx AAA, and a truck quickly came out and towed my Jeep to theclosest dealership, whicuh was literally next door to the hotel.
I “Wow, did I get lucky,” at least with respect to the proximityh to the service department of the Jeep I walked over to the service area the next morniny around7 a.m., but they did not open until 7:30 so I just startedf looking at the new cars on the lot. I noticecd a guy walking near my car withthe drop-ofdf envelope I had put into the nighy drop-off box, which includes details explaining what I thought was wrong with the car alonf with my keys. The guy, Dave, could not have been any He said that they wereextremelgy busy, with at leasrt 20 cars ahead of But he thought the problen was with the battery. And, he said, he woulf look at it as soon ashe could.
He then said to me, we are closed until 7:30 a.m., but why don’yt you go into that door and make yourselfr comfortable and getsome coffee, and I will be with you as soon as I Now, who could ask for more than that? I was not theird regular customer because I am from out of Dave knew that I probablhy would not be back for future let alone to buy a new or used car from Still, he treated me as though I had been the dealership’s customer for years and had been theres many times before.
The high level of service I receiveed showed that the employees at this dealershi p were trained right and that whoever does the hiring knowx how to look for the righyt attitudein people, which usually is not something you can The employees there treat each personn with respect, not just their customers, but one too. Trust me, after sitting there for three-plus hours, I had a chancer to notice a few things about the I just wish that more businesses out there were run as well as this Jeep where the customer istrulyu king, or at least they sure made me feel that way. It reallg is not very difficult.
Treat your employees correctly, give them a nice environmenf towork in, and provide them with ongoing consistenty training along with competitive pay. You will be guaranteede to have long-term employees servinvg happy customers. You can bet that they have a loyalcustomer base, where people look forward to comingf to the dealership, whether it is for servicr or to buy a vehicle.
My adventure started simply enough. My wife and I wante d to take a three-day drivingv trip — destination unknown — and then end up on the fourtj day in New York City to meet my cousin and his familu for anotherthree nights. The first day on the trip we stoppede to check out a hoteol in a small townnear Rochester, N.Y., to see whethefr it had vacancies. When I returned afterd seeing that they hadrooms available, my Jeep wouled not start. Lights were and things were beeping (that is technical talk for I thinj it might be anelectrical problem). I calledx AAA, and a truck quickly came out and towed my Jeep to theclosest dealership, whicuh was literally next door to the hotel.
I “Wow, did I get lucky,” at least with respect to the proximityh to the service department of the Jeep I walked over to the service area the next morniny around7 a.m., but they did not open until 7:30 so I just startedf looking at the new cars on the lot. I noticecd a guy walking near my car withthe drop-ofdf envelope I had put into the nighy drop-off box, which includes details explaining what I thought was wrong with the car alonf with my keys. The guy, Dave, could not have been any He said that they wereextremelgy busy, with at leasrt 20 cars ahead of But he thought the problen was with the battery. And, he said, he woulf look at it as soon ashe could.
He then said to me, we are closed until 7:30 a.m., but why don’yt you go into that door and make yourselfr comfortable and getsome coffee, and I will be with you as soon as I Now, who could ask for more than that? I was not theird regular customer because I am from out of Dave knew that I probablhy would not be back for future let alone to buy a new or used car from Still, he treated me as though I had been the dealership’s customer for years and had been theres many times before.
The high level of service I receiveed showed that the employees at this dealershi p were trained right and that whoever does the hiring knowx how to look for the righyt attitudein people, which usually is not something you can The employees there treat each personn with respect, not just their customers, but one too. Trust me, after sitting there for three-plus hours, I had a chancer to notice a few things about the I just wish that more businesses out there were run as well as this Jeep where the customer istrulyu king, or at least they sure made me feel that way. It reallg is not very difficult.
Treat your employees correctly, give them a nice environmenf towork in, and provide them with ongoing consistenty training along with competitive pay. You will be guaranteede to have long-term employees servinvg happy customers. You can bet that they have a loyalcustomer base, where people look forward to comingf to the dealership, whether it is for servicr or to buy a vehicle.
Saturday, December 22, 2012
Bandara Ini Surganya Pecinta Seni - Okezone
plesciamipukoa1855.blogspot.com
Bandara Ini Surganya Pecinta Seni Okezone Bagi pecinta seni, Bandara Schiphol Amsterdam dapat menjadi pilihan terbaik. Sebuah pameran seni permanen dapat dinikmati di bandara ini. karya-karya yang dipamerkan pun tidak sembarang karya. Karya yang dipamerkan di tempat ini merupakan hasil ... |
Tuesday, December 18, 2012
Woodward, Dinsmore discuss possible merger - Houston Business Journal:
manuscripts-shuwatu.blogspot.com
The firms have not struck a but they havehad “serious regarding a potential merger since late last year, said Jon managing partner of Dinsmore’s Louisville office. which is based in Cincinnati, has more than 400 attorneys in 10 officesa infour states, according to the firm’s Web . Woodward Hobson & Fultonj has about 55 attorneys in Louisvilleand Lexington, accordintg to its Web site, .
Donna King managing partner of Woodward declined to comment on the possibility of a George Vincent, Dinsmore’s managing director and chairman of the boar of directors, confirmed that the two firms have had He said he has been impressefd with the Woodward Hobson & Fulton’ds reputation and 92-year history. “They are wonderful great lawyers,” Vincent said. “They are the kind of law firm anyon would be proud to beassociated with.” He decliner to comment further on the likelihood of a merger.
The mergef negotiations currently are on hold becausde of ongoing litigation that pits Dinsmorew and Woodward Hobson clients againstreach other, Fleischaker Joining the firms would create a conflict of He added that there is no guarantee that the firmxs will agree to merge once there is a resolution to the pending litigation, which he declined to discuss in detail. Thougnh officials of the firms did not describw theongoing litigation, Woodward Hobson and Dinsmore attorneya were involved in a recent, well-publicizedr case. On June 9, , Woodward Hobson’z client, was ordered to pay more than $4 millioh to a local anesthesiology practice, , which Dinsmored represents.
A Jefferson Circuit Court jury determined that the nonprofig hospital company breached its contract with AnesthesiologyAssociatezs PSC. But the case is not resolved. Nortohn plans to appeal the saidSteve Menaugh, vice president of public relations and communicationd for Norton. Fleischaker said a merger with Woodwarde wouldstrengthen Dinsmore’s Louisville office in termse of the number of attorneys and areas of expertise. “It would make for a bigget platformfor us,” Fleischaker said. In he sees an opportunity to expand thelocal office’s corporate practice and its estate practice two areas in which Woodward is solid.
Both firms have a largd labor andemployment practice, Fleischaker said, so thosew would mesh well together. If a merger were to occur, he anticipatews that the two Louisville offices would be consolidated in one locatio atsome point. Dinsmorde currently is located in the PNC Plaza at500 W. Jefferson St. Woodward Hobson & Fulton has officeds in the National City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No. 7 on Business First’se Nov. 14 list of the area’s largest law which was ranked by the numbeer oflocal lawyers.
The firms have not struck a but they havehad “serious regarding a potential merger since late last year, said Jon managing partner of Dinsmore’s Louisville office. which is based in Cincinnati, has more than 400 attorneys in 10 officesa infour states, according to the firm’s Web . Woodward Hobson & Fultonj has about 55 attorneys in Louisvilleand Lexington, accordintg to its Web site, .
Donna King managing partner of Woodward declined to comment on the possibility of a George Vincent, Dinsmore’s managing director and chairman of the boar of directors, confirmed that the two firms have had He said he has been impressefd with the Woodward Hobson & Fulton’ds reputation and 92-year history. “They are wonderful great lawyers,” Vincent said. “They are the kind of law firm anyon would be proud to beassociated with.” He decliner to comment further on the likelihood of a merger.
The mergef negotiations currently are on hold becausde of ongoing litigation that pits Dinsmorew and Woodward Hobson clients againstreach other, Fleischaker Joining the firms would create a conflict of He added that there is no guarantee that the firmxs will agree to merge once there is a resolution to the pending litigation, which he declined to discuss in detail. Thougnh officials of the firms did not describw theongoing litigation, Woodward Hobson and Dinsmore attorneya were involved in a recent, well-publicizedr case. On June 9, , Woodward Hobson’z client, was ordered to pay more than $4 millioh to a local anesthesiology practice, , which Dinsmored represents.
A Jefferson Circuit Court jury determined that the nonprofig hospital company breached its contract with AnesthesiologyAssociatezs PSC. But the case is not resolved. Nortohn plans to appeal the saidSteve Menaugh, vice president of public relations and communicationd for Norton. Fleischaker said a merger with Woodwarde wouldstrengthen Dinsmore’s Louisville office in termse of the number of attorneys and areas of expertise. “It would make for a bigget platformfor us,” Fleischaker said. In he sees an opportunity to expand thelocal office’s corporate practice and its estate practice two areas in which Woodward is solid.
Both firms have a largd labor andemployment practice, Fleischaker said, so thosew would mesh well together. If a merger were to occur, he anticipatews that the two Louisville offices would be consolidated in one locatio atsome point. Dinsmorde currently is located in the PNC Plaza at500 W. Jefferson St. Woodward Hobson & Fulton has officeds in the National City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No. 7 on Business First’se Nov. 14 list of the area’s largest law which was ranked by the numbeer oflocal lawyers.
Monday, December 17, 2012
Criterion's March 2013 Slate Reads Like A First Ballot Director Hall Of Fame ... - CriterionCast.com
hundleyobajoji1908.blogspot.com
Criterion's March 2013 Slate Reads Like A First Ballot Director Hall Of Fame ... CriterionCast.com In sports, there are various halls of fame. And within those halls are those athletes, the cream of the crop, who would ultimately fine their place within that hall the very second they became eligible. Well, if there were a hall of fame for filmmakers ... |
Sunday, December 16, 2012
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Washington Business Journal:
bakakinkorypon.blogspot.com
Netscape founder Marc Andreessen and his longtim ebusiness partner, Ben Horowitz, are formingf a new VC firm with a focus on Silicobn Valley tech companies. Andreessen writes that the firm will back companiesa with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “We do not think it is an accideny that is in Mountain Facebook is inPalo Alto, and Twitted is in San Francisco. We also think that venturwe capital is a high touch activity that lends itself togeographic proximity, and our only office will be in Silicom Valley,” Andreessen writes on his .
The new firm comex at a time when some are sayingy the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostlyy institutional investors for their first fund. The firm, Andreesen-Horowitz, will invesyt aggressively in seed-stage startupw in the hundreds of thusands of but will also invest in later stage funding roundds for promisinggrowth companies. Consumer internet, cloud computing for business, mobile software and services, and software-powered consume r electronics are among the areas that will draw investment s from thenew fund. “Across all of thesse categories, we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrant new formsx of information technology are expressing themselves into markets in entirel ynew ways.” And Andreessen was equally emphatic about where his firm wouldn’t be . "We are almos t certainly not an appropriate investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electric cars, rockeyt ships, space elevators. We do not have the first clue about any ofthese fields." Andreessen-Horowitz will have the capacityt to invest anywhere from $50,000 to $50 million in new companies.
He said that at least initiallyu he and Horowitz would be the only two generak partners inthe company, and they woulrd be selective about the portfolip companies whose boards they join generally limiting that level of involvement to firms in whichb Andreessen-Horowitz have a $5 million or more stake. Andreessen believes his and Horowitz’se records as entrepreneurs will make them ideaventure capitalists. “We have built from scratch, to high scale -- thousands of employeese and hundreds of millions of dollars ofannual revenue. In we have done it ourselves. And we are buildingt our firm to be the firm we wouldx want to work with asentrepreneur ourselves,” Andreessen writes.
Andreessen founde the pioneering web browsercompanhy , which was later sold to . Since he and Horowitz launched , a tech service providere sold toin 2007. Netscaper and Opsware sold for acombine $11.7 billion. The two have been actives investors in the tech spacesince then. They’ve angepl invested in 45 tech startups in the last five and Andreessen serves as chairmanof Ning, and on the boardsa of Facebook and eBay. Word that the pair woulxd be forming their own venture capital firm was broken on the Charliew Rose show in But details cameon Monday.
The pair had initially plannecd onraising $250 million for the fund, but investor interest promptecd them to boost the amount, BusinessWeek . The news magazin e reports thatReid Hoffman, founder of social networking site LinkedIn, is among the investors in the which raised most of its moneyu from institutional investors. Andreessen-Horowitz launches at a tough time for the ventursecapital industry, one in which some are saying the industry needsa to shrink, not Venture capital, like the rest of the financial has been hit hard by the economidc downturn. Venture firms make money when their portfoliol companiesgo public, or are sold to larged companies.
But the IPO market has been anemicx inrecent months, making profitable exits more difficult to find. A recent argues that the industryy needs to trim down toregaih effectiveness. "The venture industry needs to shrink its way to becoming an economic forceonce again," said Robertg E. Litan, vice president of Research and Policy at theKauffmah Foundation. “To provide competitive returns, we expect venture investing will be cut in half in coming At thesame time, lowerinv valuations and improving overall exit multiplees should help resuscitate the industry.
” The Kauffman studty finds that despite such high-profile success stories as Googld and , venture firms have relatively little to do with most new Only about 16 percent of the 900 companiews on the Inc. 500 list of fastest growingg companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtim ebusiness partner, Ben Horowitz, are formingf a new VC firm with a focus on Silicobn Valley tech companies. Andreessen writes that the firm will back companiesa with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “We do not think it is an accideny that is in Mountain Facebook is inPalo Alto, and Twitted is in San Francisco. We also think that venturwe capital is a high touch activity that lends itself togeographic proximity, and our only office will be in Silicom Valley,” Andreessen writes on his .
The new firm comex at a time when some are sayingy the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostlyy institutional investors for their first fund. The firm, Andreesen-Horowitz, will invesyt aggressively in seed-stage startupw in the hundreds of thusands of but will also invest in later stage funding roundds for promisinggrowth companies. Consumer internet, cloud computing for business, mobile software and services, and software-powered consume r electronics are among the areas that will draw investment s from thenew fund. “Across all of thesse categories, we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrant new formsx of information technology are expressing themselves into markets in entirel ynew ways.” And Andreessen was equally emphatic about where his firm wouldn’t be . "We are almos t certainly not an appropriate investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electric cars, rockeyt ships, space elevators. We do not have the first clue about any ofthese fields." Andreessen-Horowitz will have the capacityt to invest anywhere from $50,000 to $50 million in new companies.
He said that at least initiallyu he and Horowitz would be the only two generak partners inthe company, and they woulrd be selective about the portfolip companies whose boards they join generally limiting that level of involvement to firms in whichb Andreessen-Horowitz have a $5 million or more stake. Andreessen believes his and Horowitz’se records as entrepreneurs will make them ideaventure capitalists. “We have built from scratch, to high scale -- thousands of employeese and hundreds of millions of dollars ofannual revenue. In we have done it ourselves. And we are buildingt our firm to be the firm we wouldx want to work with asentrepreneur ourselves,” Andreessen writes.
Andreessen founde the pioneering web browsercompanhy , which was later sold to . Since he and Horowitz launched , a tech service providere sold toin 2007. Netscaper and Opsware sold for acombine $11.7 billion. The two have been actives investors in the tech spacesince then. They’ve angepl invested in 45 tech startups in the last five and Andreessen serves as chairmanof Ning, and on the boardsa of Facebook and eBay. Word that the pair woulxd be forming their own venture capital firm was broken on the Charliew Rose show in But details cameon Monday.
The pair had initially plannecd onraising $250 million for the fund, but investor interest promptecd them to boost the amount, BusinessWeek . The news magazin e reports thatReid Hoffman, founder of social networking site LinkedIn, is among the investors in the which raised most of its moneyu from institutional investors. Andreessen-Horowitz launches at a tough time for the ventursecapital industry, one in which some are saying the industry needsa to shrink, not Venture capital, like the rest of the financial has been hit hard by the economidc downturn. Venture firms make money when their portfoliol companiesgo public, or are sold to larged companies.
But the IPO market has been anemicx inrecent months, making profitable exits more difficult to find. A recent argues that the industryy needs to trim down toregaih effectiveness. "The venture industry needs to shrink its way to becoming an economic forceonce again," said Robertg E. Litan, vice president of Research and Policy at theKauffmah Foundation. “To provide competitive returns, we expect venture investing will be cut in half in coming At thesame time, lowerinv valuations and improving overall exit multiplees should help resuscitate the industry.
” The Kauffman studty finds that despite such high-profile success stories as Googld and , venture firms have relatively little to do with most new Only about 16 percent of the 900 companiews on the Inc. 500 list of fastest growingg companiesfrom 1997-2007 had venture backing.
Thursday, December 13, 2012
Report: D.C.-area foreclosures fall in May - Phoenix Business Journal:
uqudenlid.blogspot.com
Compared to April, foreclosurex fell 25 percent in D.C. to 299; 14 percenft in Virginia to 5,385; and 2 percentt in Maryland to Nationally, foreclosures declined 6 percentto 321,4800 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research Virginia continued to have the highest rate of default amonh the three jurisdictions with one in 608 homexs receiving a foreclosure notice. Maryland was next with a defaul rate of one in every655 homes. The District’s defaulf rate is the lowesft at one in every951 homes.
The Districr also had the best foreclosurd performance compared to May of 2008 with defaultas declining 24 percent from the year ago Virginia foreclosures were 2 percentf higher than Mayof 2008. Marylande foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTracv reported that foreclosures in May were 18 percent higher than oneyear ago. One in everyh 398 U.S. homes received a foreclosure filingtin May, easing back from April’s national rate of one in every 374 households, the highest monthly foreclosurde rate since RealtyTrac began issuing data in January 2005.
Compared to April, foreclosurex fell 25 percent in D.C. to 299; 14 percenft in Virginia to 5,385; and 2 percentt in Maryland to Nationally, foreclosures declined 6 percentto 321,4800 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research Virginia continued to have the highest rate of default amonh the three jurisdictions with one in 608 homexs receiving a foreclosure notice. Maryland was next with a defaul rate of one in every655 homes. The District’s defaulf rate is the lowesft at one in every951 homes.
The Districr also had the best foreclosurd performance compared to May of 2008 with defaultas declining 24 percent from the year ago Virginia foreclosures were 2 percentf higher than Mayof 2008. Marylande foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTracv reported that foreclosures in May were 18 percent higher than oneyear ago. One in everyh 398 U.S. homes received a foreclosure filingtin May, easing back from April’s national rate of one in every 374 households, the highest monthly foreclosurde rate since RealtyTrac began issuing data in January 2005.
Monday, December 10, 2012
Bunker Hill monument to get $3.7M makeover - Boston Business Journal:
vittitowmehigyk1238.blogspot.com
million restoration project to the BunkerHill Monument, a national historifc monument. The project will restore the 221-foot-tal obelisk to one of the city's most recognizecd historic landmarks as well as rehabilitating a formeer library branch into a museum and visitor Funded bya $500,000 gift from the Grand Lodge of Masons in Massachusetts, the restoratiom of the monument is the first in decades. A donation of lightint by Osram Sylvania, a Danvers-based lighting will conserve energy, improve public safet and enhance the appearance of the monument and the museum interior while highlighting severalarchitecturalp features. The donation is valued at about $200,000.
The National Park Service owns and maintainxs the Bunker Hill Monument and groundsa andprovided $3.1 million in funding. Featured speakers at the groundbreaking event included CongressmanMichael E. Capuano, Boston Mayor Thomas M. Menino, National Park Services Regional DirectorMary A. Grand Master Jeffrey Blacjk Hogdon, and Martin Goetzeler, CEO of Osram GmbH. The eventr also included remarks from representatives of the Bunkeer Hill Monument Association and the CharlestowHistorical Society.
Built betwee n 1825 and 1843, Bunker Hill is the oldest majodr commemorative monument in the United The site of theJune 17, battle attracts 200,000 people each year and is one of the most populaer attractions on the Freedom Trail. The groundbreaking occurs in concerrt with BunkerHill Week. The Bunke r Hill Monument site includes the BunkefrHill Lodge, four acres of surrounding grounds, and the adjacent Bunker Hill Museum. The new Bunker Hill Museuj building will be housed in ahistoric three-story brickj structure located in Monument Square. The building is owned by the City of Bostonj and has been used by the CharlestownHistoricakl Society.
The city, through the Department of Neighborhood Development, is allowintg leasing the building for 99 yearswfor $1.
million restoration project to the BunkerHill Monument, a national historifc monument. The project will restore the 221-foot-tal obelisk to one of the city's most recognizecd historic landmarks as well as rehabilitating a formeer library branch into a museum and visitor Funded bya $500,000 gift from the Grand Lodge of Masons in Massachusetts, the restoratiom of the monument is the first in decades. A donation of lightint by Osram Sylvania, a Danvers-based lighting will conserve energy, improve public safet and enhance the appearance of the monument and the museum interior while highlighting severalarchitecturalp features. The donation is valued at about $200,000.
The National Park Service owns and maintainxs the Bunker Hill Monument and groundsa andprovided $3.1 million in funding. Featured speakers at the groundbreaking event included CongressmanMichael E. Capuano, Boston Mayor Thomas M. Menino, National Park Services Regional DirectorMary A. Grand Master Jeffrey Blacjk Hogdon, and Martin Goetzeler, CEO of Osram GmbH. The eventr also included remarks from representatives of the Bunkeer Hill Monument Association and the CharlestowHistorical Society.
Built betwee n 1825 and 1843, Bunker Hill is the oldest majodr commemorative monument in the United The site of theJune 17, battle attracts 200,000 people each year and is one of the most populaer attractions on the Freedom Trail. The groundbreaking occurs in concerrt with BunkerHill Week. The Bunke r Hill Monument site includes the BunkefrHill Lodge, four acres of surrounding grounds, and the adjacent Bunker Hill Museum. The new Bunker Hill Museuj building will be housed in ahistoric three-story brickj structure located in Monument Square. The building is owned by the City of Bostonj and has been used by the CharlestownHistoricakl Society.
The city, through the Department of Neighborhood Development, is allowintg leasing the building for 99 yearswfor $1.
Sunday, December 9, 2012
CEO Ellison says Oracle might make netbooks - Triangle Business Journal:
belyaevostapuki.blogspot.com
His comments came at a Sun conference for userzs of Java software which he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thosed devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentallyy basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primariluy for checking email and browsingb the Web. The market for them is expected to grow to betweehn 20 million and 30 million unitzsthis year, up from the 11.7 million sold last year when theif sales took off.
Most PC makers now have a netbooki model and if Oracle does get into the market it will go up againsgtthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , whicuh either make netbooks or develoop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s Android operating system instead of Microsoft Windows, which most makers now use.
His comments came at a Sun conference for userzs of Java software which he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thosed devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentallyy basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primariluy for checking email and browsingb the Web. The market for them is expected to grow to betweehn 20 million and 30 million unitzsthis year, up from the 11.7 million sold last year when theif sales took off.
Most PC makers now have a netbooki model and if Oracle does get into the market it will go up againsgtthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , whicuh either make netbooks or develoop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s Android operating system instead of Microsoft Windows, which most makers now use.
Saturday, December 8, 2012
UnitedHealthcare rolling out statewide information services - Sacramento Business Journal:
sucujovide.wordpress.com
As part of the initiative, the exchange will deliver secure patiengtinformation — including medication histories, laboratory results and clinicak data from claims — to hospital emergenct departments for UnitedHealthcare and of California private-sector HMO members. The healt h information exchange will roll out in Orange County emergencu departmentsthis summer. Roll out in Sacramento is expectefdby mid-2011, but could be accelerated if federakl stimulus funds are available, UnitedHealthcare spokeswoman Cheryl Randolph said in an A health information exchange is central to President Obama’s healty care reform plan.
Use of the information will be restrictexd to patient care and protected under strict medicalo privacy andconfidentiality regulations. “Immediate access to criticalp medical information when and where physician s need it will better enable them to make the righft health care decisions at the poinrtof care,” UnitedHealthcare chief medical director Sam Ho said in a pressw release. “We believe CalRHIO has the right technology and business model to be successfup in thelong term.
” Financial detailsd about the amount of money invested by UnitedHealthcars are not currently available, but Randolph described the company’ws investment in the multi-year agreement as “significant.” Federa stimulus funds, state budget supportt and money from private foundations will not be enougbh to sustain the information exchangd indefinitely, according to CalRHIO board chair Mollu Coye. “UnitedHealthcare’s leadership in supporting CalRHIO’sx business model is a major step toward ensurinh that we can finance and sustai health information exchange for communities across Coye said in apress release.
CalRHIO is borrowin g the capital to build the early stage s ofthe system. Like a toll road, those benefitinbg from the service will contribute only when the highway is open and Revenue from payments health plans make for servicee will enable CalRHIO to repayt the loans and financethe project.
As part of the initiative, the exchange will deliver secure patiengtinformation — including medication histories, laboratory results and clinicak data from claims — to hospital emergenct departments for UnitedHealthcare and of California private-sector HMO members. The healt h information exchange will roll out in Orange County emergencu departmentsthis summer. Roll out in Sacramento is expectefdby mid-2011, but could be accelerated if federakl stimulus funds are available, UnitedHealthcare spokeswoman Cheryl Randolph said in an A health information exchange is central to President Obama’s healty care reform plan.
Use of the information will be restrictexd to patient care and protected under strict medicalo privacy andconfidentiality regulations. “Immediate access to criticalp medical information when and where physician s need it will better enable them to make the righft health care decisions at the poinrtof care,” UnitedHealthcare chief medical director Sam Ho said in a pressw release. “We believe CalRHIO has the right technology and business model to be successfup in thelong term.
” Financial detailsd about the amount of money invested by UnitedHealthcars are not currently available, but Randolph described the company’ws investment in the multi-year agreement as “significant.” Federa stimulus funds, state budget supportt and money from private foundations will not be enougbh to sustain the information exchangd indefinitely, according to CalRHIO board chair Mollu Coye. “UnitedHealthcare’s leadership in supporting CalRHIO’sx business model is a major step toward ensurinh that we can finance and sustai health information exchange for communities across Coye said in apress release.
CalRHIO is borrowin g the capital to build the early stage s ofthe system. Like a toll road, those benefitinbg from the service will contribute only when the highway is open and Revenue from payments health plans make for servicee will enable CalRHIO to repayt the loans and financethe project.
Wednesday, December 5, 2012
Chad C. Braun Executive Profile
oryucyjofec1482.blogspot.com
Recent News About Chad C. Braumn [Forbes.com] **All Executive profile data providef byDow Jones & Co., Inc.
Recent News About Chad C. Braumn [Forbes.com] **All Executive profile data providef byDow Jones & Co., Inc.
Tuesday, December 4, 2012
Chase commits to Central Ohio expansion - Business First of Louisville:
sucujovide.wordpress.com
The New York company, Central Ohio’se second-largest bank and third-largest employer, said it planse to add several hundred jobs atits 8,000-employede McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Eastobn Town Center. About 150 jobs will be addeds atthe company’s Cleveland Avenue operations in Chase (NYSE:JPM) said it’sa boosting employment in the region to handl e additional support functions needed after buyingy Washington Mutual last September. The move comess after state and local officiales extended a round of incentive packagea valued atabout $20 million.
That includes a more than $6 millionn package from Columbus anda 15-year, 75 percentf tax credit valued at about $14 million from the Gov. Ted Strickland in a statement calledx Chase’s announcement “a tremendous boosft to our economy and very welcomee newsfor Ohio.”
The New York company, Central Ohio’se second-largest bank and third-largest employer, said it planse to add several hundred jobs atits 8,000-employede McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Eastobn Town Center. About 150 jobs will be addeds atthe company’s Cleveland Avenue operations in Chase (NYSE:JPM) said it’sa boosting employment in the region to handl e additional support functions needed after buyingy Washington Mutual last September. The move comess after state and local officiales extended a round of incentive packagea valued atabout $20 million.
That includes a more than $6 millionn package from Columbus anda 15-year, 75 percentf tax credit valued at about $14 million from the Gov. Ted Strickland in a statement calledx Chase’s announcement “a tremendous boosft to our economy and very welcomee newsfor Ohio.”
Monday, December 3, 2012
Starbucks wins California tip-pooling case appeal - Sacramento Business Journal:
firukendu-anchored.blogspot.com
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: SBUX), alleged that the coffe chain’s policy allowing shift supervisors to share in tip moneg that customers place in jars violated California labor A San Diego lower court sided with Chau in the suit and awardee morethan $86 million in damages but on that ruling was overturned. “We conclude the tria l court erred in rulingthat Starbucks's tip-allocation policy violatedc California law.
The applicable statutes do not prohibigt Starbucks from permitting shift supervisor to share in the proceeds placed in collectivestip boxes,” wrote Fourth Appellate District Court judges, in their decision. Chau alleged that Starbucks’ shifyt supervisors should be considered managers and not eligiblefor tip-sharing. Shifty supervisors perform various duties atthe company’a stores, such as making coffee cleaning tables, cleaning bathrooms and workinf the cash register, and Chau said they shouldn’y be allowed to share in the tips collected in the plasti c containers at each store location.
The lower courg awarded more than $86 million in damages plus with the total award estimated at morethan $100 million. Starbuckw countered that all baristas and shift supervisorsz are eligible to sharein tips, and the appeals court “It is undisputed here that the tipping public intendeed to collectively tip both the baristaes and the shift supervisors — for theifr work as a wrote the appeals court.
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: SBUX), alleged that the coffe chain’s policy allowing shift supervisors to share in tip moneg that customers place in jars violated California labor A San Diego lower court sided with Chau in the suit and awardee morethan $86 million in damages but on that ruling was overturned. “We conclude the tria l court erred in rulingthat Starbucks's tip-allocation policy violatedc California law.
The applicable statutes do not prohibigt Starbucks from permitting shift supervisor to share in the proceeds placed in collectivestip boxes,” wrote Fourth Appellate District Court judges, in their decision. Chau alleged that Starbucks’ shifyt supervisors should be considered managers and not eligiblefor tip-sharing. Shifty supervisors perform various duties atthe company’a stores, such as making coffee cleaning tables, cleaning bathrooms and workinf the cash register, and Chau said they shouldn’y be allowed to share in the tips collected in the plasti c containers at each store location.
The lower courg awarded more than $86 million in damages plus with the total award estimated at morethan $100 million. Starbuckw countered that all baristas and shift supervisorsz are eligible to sharein tips, and the appeals court “It is undisputed here that the tipping public intendeed to collectively tip both the baristaes and the shift supervisors — for theifr work as a wrote the appeals court.
Saturday, December 1, 2012
Employee stock offer pegs Facebook value at $6.5B - Silicon Valley / San Jose Business Journal:
olimstgon.blogspot.com
The Russian firm is offering $14.77 a share, whicb pegs the Palo Alto-based social network' s value at $6.5 billion. DST took a 1.96 percentr stake in Facebook in May when itinvested $200 milliohn in the company. The plan to buy employer stock was announced at the time but the valuation placef on Facebook in the May investment was peggeddat $10 billion. The offeer on employee stock is is basexd on a valuation that is also quite a bit lower thanthe $15 billionm put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft'sx and DST's original investment are in preferrex shares.
“While individuals must make their own decisionz about participating inthis program, I’k pleased that the price DST is offering is much greater than the pricse originally considered last fall," Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progress towardds making the world more open and connected.”
The Russian firm is offering $14.77 a share, whicb pegs the Palo Alto-based social network' s value at $6.5 billion. DST took a 1.96 percentr stake in Facebook in May when itinvested $200 milliohn in the company. The plan to buy employer stock was announced at the time but the valuation placef on Facebook in the May investment was peggeddat $10 billion. The offeer on employee stock is is basexd on a valuation that is also quite a bit lower thanthe $15 billionm put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft'sx and DST's original investment are in preferrex shares.
“While individuals must make their own decisionz about participating inthis program, I’k pleased that the price DST is offering is much greater than the pricse originally considered last fall," Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progress towardds making the world more open and connected.”
Friday, November 30, 2012
Scripted sales calls old fashioned, fail to connect with customers - Jacksonville Business Journal:
afyfojahejus.blogspot.com
Geez, I have been saying this for more than 25 andI can’t believe companies stilkl use them to sell over the OK, forget the companiexs themselves, let’s blame the manager or the person who is responsible for still tryint to do something that every sales trainef on the planet says does not Now, before I go on, do not writre or send an e-mail telling me that I am wrong or beint stubborn. Instead, why don’tg you try something new – that is, new to you or your organizatiob – and just do what I will lay out here. Trusyt me, it has worked every single time with any bigor small, that I have workefd with.
This horror of using scriptas came rushing back to me recently whilew working with a company whose stores are in evergy big city in the The company is highly regardedx for its ethics and is a very visibl organization that many are familiar with becausw ofthe company’s longevity and branx awareness. I was askee to come to the company’d headquarters and look at its methoed of attracting new business through its telemarketing which the company has been usingb for a coupleof years. They said that althougg the results were OK at sales had become pretty dismal.
It took me just 30 seconds to read the scripft that the inside salespeoplewere using, and I was I talked with the companuy president and said I could help the salespeoplr in just two hours, but I needed him to let me do my job and not to interferer unless I called him in for his He agreed, but I could sense he was a bit apprehensive about the situation and my request. I worked only with the who was really a selling managerr because she was on the phones herself at timesz trying to pitch in and We went intoa room, and I spentr an hour going over why scripts don’t work and why she has been brainwashef to do something that was agains all the rules of professionakl salesmanship.
She was neither thrilled with me at this poin t nor happy after I tookher eight-page script, ripped it up and threqw it in the We role-played a little using real situationws that she might have with her husband, children and for instance. The goal was to show her that havin ga two-sided conversation is much more useful than a one-sided script. She was really startinfg to get it, even though she kept wantinh to go back to a sellin mode by doing more talking than listeninhg andasking questions. It was so simple that it was frightening to her that a sellinhg situation can be flexible and not just acannedx speech, where she can actually have fun whilew conversing with a customer.
The introductionn and questions I wrote out were basic and easy for her to They were: “Hi, my name is Susann from Client Co., and I woulf like to ask you two or threed quick questions. It will not take more than 48 secondsa – I promise. “Are you familiar with our company? If yes, what aspects? “Why are you not a or why did you leaveour organization?”
Geez, I have been saying this for more than 25 andI can’t believe companies stilkl use them to sell over the OK, forget the companiexs themselves, let’s blame the manager or the person who is responsible for still tryint to do something that every sales trainef on the planet says does not Now, before I go on, do not writre or send an e-mail telling me that I am wrong or beint stubborn. Instead, why don’tg you try something new – that is, new to you or your organizatiob – and just do what I will lay out here. Trusyt me, it has worked every single time with any bigor small, that I have workefd with.
This horror of using scriptas came rushing back to me recently whilew working with a company whose stores are in evergy big city in the The company is highly regardedx for its ethics and is a very visibl organization that many are familiar with becausw ofthe company’s longevity and branx awareness. I was askee to come to the company’d headquarters and look at its methoed of attracting new business through its telemarketing which the company has been usingb for a coupleof years. They said that althougg the results were OK at sales had become pretty dismal.
It took me just 30 seconds to read the scripft that the inside salespeoplewere using, and I was I talked with the companuy president and said I could help the salespeoplr in just two hours, but I needed him to let me do my job and not to interferer unless I called him in for his He agreed, but I could sense he was a bit apprehensive about the situation and my request. I worked only with the who was really a selling managerr because she was on the phones herself at timesz trying to pitch in and We went intoa room, and I spentr an hour going over why scripts don’t work and why she has been brainwashef to do something that was agains all the rules of professionakl salesmanship.
She was neither thrilled with me at this poin t nor happy after I tookher eight-page script, ripped it up and threqw it in the We role-played a little using real situationws that she might have with her husband, children and for instance. The goal was to show her that havin ga two-sided conversation is much more useful than a one-sided script. She was really startinfg to get it, even though she kept wantinh to go back to a sellin mode by doing more talking than listeninhg andasking questions. It was so simple that it was frightening to her that a sellinhg situation can be flexible and not just acannedx speech, where she can actually have fun whilew conversing with a customer.
The introductionn and questions I wrote out were basic and easy for her to They were: “Hi, my name is Susann from Client Co., and I woulf like to ask you two or threed quick questions. It will not take more than 48 secondsa – I promise. “Are you familiar with our company? If yes, what aspects? “Why are you not a or why did you leaveour organization?”
Wednesday, November 28, 2012
Centene closer to building Clayton HQ - St. Louis Business Journal:
ogarawo.wordpress.com
Clayton’s board of aldermen approveds the consolidation of land parceld for the proposedCentene Plaza, said city clerk June Waters. The next step comezs Dec. 23, when the aldermen consider the architecturak design ofthe project’s garage on Forsyth Boulevard. The of Centenr Plaza includes plans fora 24-story, 585,000-square-foot office towedr with ground-floor retail space. About 200,000 square feet of spacde in the building will be availabler for lease byother tenants. St. Louis-based and Chicago-based are the co-developersa on Centene's new headquarters. Bob Wislow, chairmann of U.S.
Equities Realty, said a seconcd phase of Centene Plaza includeds plans fora 14-storu tower with between 300,000 and 400,000 square feet of based on Centene's expansion needs and markef demand for office Wislow said construction on the second phase could beginb as soon as the first phase is completed, whic is expected in 2010. St. Louis-based (NYSE: CNC) providea managed care programs and related services to individualdsunder Medicaid. It also operatew health plans in Georgia, Indiana, New Jersey, Texas and Wisconsin.
Clayton’s board of aldermen approveds the consolidation of land parceld for the proposedCentene Plaza, said city clerk June Waters. The next step comezs Dec. 23, when the aldermen consider the architecturak design ofthe project’s garage on Forsyth Boulevard. The of Centenr Plaza includes plans fora 24-story, 585,000-square-foot office towedr with ground-floor retail space. About 200,000 square feet of spacde in the building will be availabler for lease byother tenants. St. Louis-based and Chicago-based are the co-developersa on Centene's new headquarters. Bob Wislow, chairmann of U.S.
Equities Realty, said a seconcd phase of Centene Plaza includeds plans fora 14-storu tower with between 300,000 and 400,000 square feet of based on Centene's expansion needs and markef demand for office Wislow said construction on the second phase could beginb as soon as the first phase is completed, whic is expected in 2010. St. Louis-based (NYSE: CNC) providea managed care programs and related services to individualdsunder Medicaid. It also operatew health plans in Georgia, Indiana, New Jersey, Texas and Wisconsin.
Tuesday, November 27, 2012
Money helps Opera Tower be strategic - South Florida Business Journal:
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Hollo has apparently steered aroun d the worst of the real estate market by takingb a more conservative and measured approach withhis 635-unit Opera Tower will house mostly renters and gradually sell off its said Hollo, president of 55-year-old Florida East Coasyt Realty. “It’s a happyh ending from the standpoiny that the banks are still willinv to consider lending and going ahead with Hollo said. “But, they put you througjh hell to do They made sure theycheckec everything.” On April 3, took sole possessioj of the $31.
3 million remaining on the Operaz Tower mortgage from a partnershilp of banks, where Wellsa Fargo had the biggest piece of the original $96 million mortgage. The bank then increasee the mortgageto $37 million, covering 320 units at Opers Tower, according to county court Since early 2008, Opera Towedr has sold 237 units, court records show. Research by LLC found that 118 of thoser buyers wereprimary users. Hollo said the debt servicse on the mortgage would cost himabourt $120,000 a month based on the 4 percenf interest rate he agreed to, versus about $400,000 in monthly rental income on the 320 So far, he has leased abou 250 of them.
“Our primary business is and we’ve been managing and renting properties for the last 50 Hollo said. “Many developers who came into town were dentistss fromNew York, or people in other businessez that thought Florida was a great place to They don’t know how to handl conversion to rental.” Condo Vultures LLC principapl Peter Zalewski said renting out Opera Tower should not prove difficult becausee of the comparatively affordablse prices starting at $950 a Hollo can afford that because he did not put extravagantr amenities that would drive up the operatin g costs at Opera he said.
“He didn’t go over the top and builfd something thatis iconic,” Zalewski said. Hollop said he could have gotten an even larger loan fromWellz Fargo, but he figured $37 million was enough. His insistencd on taking construction loans covering just 40 percenf ofa project’s cost apparentluy served Hollo well. Even thougj half of the buyers at Opera Towetr canceledtheir contracts, and dozens filed lawsuits, Hollo did not need to sell out most of the buildinbg to pay off his constructionh loan. “We are able to do it because we aren’t saddled with a 90 percent loan-to-value like most of the developers,” Hollo said.
Most recent Miami condo projects of more than 500 units had constructioj mortgages in excessof $140 and some had mezzanine loans on top of Another key to his successe with Opera Tower, Hollo said, is that he did not have any other residential projects ongoing at the same Some developers have been hit with multipld foreclosures on finished and unfinished “I build one at a Hollo said. “After being in this business 60 I’m not greedy
Hollo has apparently steered aroun d the worst of the real estate market by takingb a more conservative and measured approach withhis 635-unit Opera Tower will house mostly renters and gradually sell off its said Hollo, president of 55-year-old Florida East Coasyt Realty. “It’s a happyh ending from the standpoiny that the banks are still willinv to consider lending and going ahead with Hollo said. “But, they put you througjh hell to do They made sure theycheckec everything.” On April 3, took sole possessioj of the $31.
3 million remaining on the Operaz Tower mortgage from a partnershilp of banks, where Wellsa Fargo had the biggest piece of the original $96 million mortgage. The bank then increasee the mortgageto $37 million, covering 320 units at Opers Tower, according to county court Since early 2008, Opera Towedr has sold 237 units, court records show. Research by LLC found that 118 of thoser buyers wereprimary users. Hollo said the debt servicse on the mortgage would cost himabourt $120,000 a month based on the 4 percenf interest rate he agreed to, versus about $400,000 in monthly rental income on the 320 So far, he has leased abou 250 of them.
“Our primary business is and we’ve been managing and renting properties for the last 50 Hollo said. “Many developers who came into town were dentistss fromNew York, or people in other businessez that thought Florida was a great place to They don’t know how to handl conversion to rental.” Condo Vultures LLC principapl Peter Zalewski said renting out Opera Tower should not prove difficult becausee of the comparatively affordablse prices starting at $950 a Hollo can afford that because he did not put extravagantr amenities that would drive up the operatin g costs at Opera he said.
“He didn’t go over the top and builfd something thatis iconic,” Zalewski said. Hollop said he could have gotten an even larger loan fromWellz Fargo, but he figured $37 million was enough. His insistencd on taking construction loans covering just 40 percenf ofa project’s cost apparentluy served Hollo well. Even thougj half of the buyers at Opera Towetr canceledtheir contracts, and dozens filed lawsuits, Hollo did not need to sell out most of the buildinbg to pay off his constructionh loan. “We are able to do it because we aren’t saddled with a 90 percent loan-to-value like most of the developers,” Hollo said.
Most recent Miami condo projects of more than 500 units had constructioj mortgages in excessof $140 and some had mezzanine loans on top of Another key to his successe with Opera Tower, Hollo said, is that he did not have any other residential projects ongoing at the same Some developers have been hit with multipld foreclosures on finished and unfinished “I build one at a Hollo said. “After being in this business 60 I’m not greedy
Monday, November 26, 2012
Report: Foreclosures are top sellers - Philadelphia Business Journal:
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said banks that are willingb to deal on foreclosed unites are driving the firstquarter activity. For example, Shoma at Keys Cove in south Miami-Dade County sold the most, with 50 units closing in the firsy quarter. The Vue at Brickell sold 25 condos, rankint it seventh on CondoReports.com’ top-10 list. “Mangy banks have taken ownership of units in these buildings and are looking to get saidAdam Cappel, president of “Banks, either through short sales or units they own as a resulgt of foreclosures, are the most active sellers in today’sa market as they are williny to accept market prices.
” The 10 most active buildings producedd an average of 29 or one sale every threwe days. The buildings accounted for more than 11 percent of all cond salesin Miami-Dade, according to a CondoReports.com news release. Most of the activity is tied to individualpunit sales, and not bulk buys, Cappel said. “These buildings are movinb toward stability as speculative investors and thinly capitalized owneras are being replaced witheithetr owner-occupant or well-capitalized, patient investors buying in at a much lower cost,” Cappel said in the “Most are individual unit The study looked at closer sales in 2,000 condo projects with at least 50 unitxs throughout Miami-Dade.
The study excluded unitss delivered in 2008 and 2009 because those saled were likely driven bypreconstruction contracts, Cappell said.
said banks that are willingb to deal on foreclosed unites are driving the firstquarter activity. For example, Shoma at Keys Cove in south Miami-Dade County sold the most, with 50 units closing in the firsy quarter. The Vue at Brickell sold 25 condos, rankint it seventh on CondoReports.com’ top-10 list. “Mangy banks have taken ownership of units in these buildings and are looking to get saidAdam Cappel, president of “Banks, either through short sales or units they own as a resulgt of foreclosures, are the most active sellers in today’sa market as they are williny to accept market prices.
” The 10 most active buildings producedd an average of 29 or one sale every threwe days. The buildings accounted for more than 11 percent of all cond salesin Miami-Dade, according to a CondoReports.com news release. Most of the activity is tied to individualpunit sales, and not bulk buys, Cappel said. “These buildings are movinb toward stability as speculative investors and thinly capitalized owneras are being replaced witheithetr owner-occupant or well-capitalized, patient investors buying in at a much lower cost,” Cappel said in the “Most are individual unit The study looked at closer sales in 2,000 condo projects with at least 50 unitxs throughout Miami-Dade.
The study excluded unitss delivered in 2008 and 2009 because those saled were likely driven bypreconstruction contracts, Cappell said.
Friday, November 23, 2012
ILA labor problems threatened Mitsui
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Regional Vice President Dennis Kelly wrote to the regional uniom heads ina Jan. 15. letteer that if the local union didn’ meet agreed-upon terms, the company would: Shut down operationxs within four weeks at the Dames Point terminap and send cargoto state-run ports to the Consider legal action againsf the , or Use nonunion employees for all or part of the terminal’ss operations. Following the which spurred Mayor John Peyton to host a morethan three-hou r mediation with the two parties March 18, regional union and TraPac officiald said relations have improved.
“We are now workin g to finalize the terms ofa longer-term agreement, somethinfg we are confident will occurf in the next few weeks,” Kellu wrote in an April 15 letter to the Jacksonvillee Business Journal. Benny Holland Jr., ILA South Atlanti c and Gulf District president said a master contract was agreed on by the union and TraPacdin 2005, but the contracyt didn’t take into accounty local union provisions.
A disagreement occurred because ILA Localp 1408 wanted to continue using more longshoremen to load and unloa d ships than agreed upon in the 2005 That would raise manpower costs for Holland agreed with Kelly that progresw has been made in the labor He said the agreement with the locakl union and TraPacwas “pretty Neither party would discuss details of the But the situation was tense back in according to Kelly’s letter, whicnh characterized the negotiations as at “abn impasse.” Kelly wrote that TraPac and its parent company, , would not have built the terminal in Jacksonviller if they knew the local union would not have honorecd the 2005 agreement.
Executivse Director Rick Ferrin has repeatedly stressedthat Jacksonville’s excellentg union relations make it attractive to shippers, especiallty when compared with union relations at many West Coast Further, Kelly wrote, the labo r problems threatened construction of another massive terminal operated by a Southg Korean shipping company. “As we have repeatedly these unilateral actions by the ILA will not only cost the ILA the work relatintgto MOL/TraPac, but that of Hanjihn Shipping [Co. Ltd.] whose lease is contingen upon reaching asatisfactory ‘agreement’ with the ILA, and any othert shipping lines contemplating using Jacksonville,” Kell wrote in the Jan.
15 letter. which plans to build a $300 milliob container terminal atDames Point, was not available for “The regional [union] folks see the big said George Gabel, a partner and maritimes attorney. “The local union doesn’ft seem to understand the importancw of this tothe Gabel, who represents TraPac, but not in unioj matters, said it was atypicao for the local union to go back on an agreement. The unio n doesn’t understand the opportunity it’s missing for more work at the terminalk by not followingthe agreement. Representativexs of the Jacksonville longshoremen’s union, ILA Locao 1408, have not respondedr to repeated requestsfor comment.
“Th problem is, if this isn’t worked out with the local union, it’s going to cost more to brintg cargo to Jacksonville thanto Savannah,” Gabeo said. Kelly also raised an issue on union productivity in his writing in January that the union was averagingabout 19.7 containere moves per hour per crane. Holland said the unio n hopes to have the local union makinbg 30 to 35 moves per hour within thecoming weeks. In the Januaryh letter, Kelly wrote that the union’s decreasedc productivity forced the terminap to cut 120 moves and caused a ship to sail 12 houre laterthan scheduled.
He said this ended up costintg TraPac four times as much as it woulde have cost to move the same cargp atother state-run ports where the ILA operated. Kell also wrote that the then-impasse woulds “kill any ability for the Port of Jacksonville to dredge to 50 feet to meet the capabilit of the expandingPanama Canal.” Authority spokeswoman Nancy Rubin said the authority wouldn’t comment on negotiationd between private tenants and unions. “Ofd course, as the Jacksonville Port Authority, we would dearlhy love that at the end of the day they have successfully reachex a beneficial conclusion for the community asa whole,” Rubin said.
Regional Vice President Dennis Kelly wrote to the regional uniom heads ina Jan. 15. letteer that if the local union didn’ meet agreed-upon terms, the company would: Shut down operationxs within four weeks at the Dames Point terminap and send cargoto state-run ports to the Consider legal action againsf the , or Use nonunion employees for all or part of the terminal’ss operations. Following the which spurred Mayor John Peyton to host a morethan three-hou r mediation with the two parties March 18, regional union and TraPac officiald said relations have improved.
“We are now workin g to finalize the terms ofa longer-term agreement, somethinfg we are confident will occurf in the next few weeks,” Kellu wrote in an April 15 letter to the Jacksonvillee Business Journal. Benny Holland Jr., ILA South Atlanti c and Gulf District president said a master contract was agreed on by the union and TraPacdin 2005, but the contracyt didn’t take into accounty local union provisions.
A disagreement occurred because ILA Localp 1408 wanted to continue using more longshoremen to load and unloa d ships than agreed upon in the 2005 That would raise manpower costs for Holland agreed with Kelly that progresw has been made in the labor He said the agreement with the locakl union and TraPacwas “pretty Neither party would discuss details of the But the situation was tense back in according to Kelly’s letter, whicnh characterized the negotiations as at “abn impasse.” Kelly wrote that TraPac and its parent company, , would not have built the terminal in Jacksonviller if they knew the local union would not have honorecd the 2005 agreement.
Executivse Director Rick Ferrin has repeatedly stressedthat Jacksonville’s excellentg union relations make it attractive to shippers, especiallty when compared with union relations at many West Coast Further, Kelly wrote, the labo r problems threatened construction of another massive terminal operated by a Southg Korean shipping company. “As we have repeatedly these unilateral actions by the ILA will not only cost the ILA the work relatintgto MOL/TraPac, but that of Hanjihn Shipping [Co. Ltd.] whose lease is contingen upon reaching asatisfactory ‘agreement’ with the ILA, and any othert shipping lines contemplating using Jacksonville,” Kell wrote in the Jan.
15 letter. which plans to build a $300 milliob container terminal atDames Point, was not available for “The regional [union] folks see the big said George Gabel, a partner and maritimes attorney. “The local union doesn’ft seem to understand the importancw of this tothe Gabel, who represents TraPac, but not in unioj matters, said it was atypicao for the local union to go back on an agreement. The unio n doesn’t understand the opportunity it’s missing for more work at the terminalk by not followingthe agreement. Representativexs of the Jacksonville longshoremen’s union, ILA Locao 1408, have not respondedr to repeated requestsfor comment.
“Th problem is, if this isn’t worked out with the local union, it’s going to cost more to brintg cargo to Jacksonville thanto Savannah,” Gabeo said. Kelly also raised an issue on union productivity in his writing in January that the union was averagingabout 19.7 containere moves per hour per crane. Holland said the unio n hopes to have the local union makinbg 30 to 35 moves per hour within thecoming weeks. In the Januaryh letter, Kelly wrote that the union’s decreasedc productivity forced the terminap to cut 120 moves and caused a ship to sail 12 houre laterthan scheduled.
He said this ended up costintg TraPac four times as much as it woulde have cost to move the same cargp atother state-run ports where the ILA operated. Kell also wrote that the then-impasse woulds “kill any ability for the Port of Jacksonville to dredge to 50 feet to meet the capabilit of the expandingPanama Canal.” Authority spokeswoman Nancy Rubin said the authority wouldn’t comment on negotiationd between private tenants and unions. “Ofd course, as the Jacksonville Port Authority, we would dearlhy love that at the end of the day they have successfully reachex a beneficial conclusion for the community asa whole,” Rubin said.
Wednesday, November 21, 2012
Kauai, Big Isle hotels hurting - Pacific Business News (Honolulu):
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For the week ending May 30, Kaua i occupancy dropped 10.5 percentage points to 59.8 while Big Island occupancy plungedr 15 percentage pointsto 51.9 As compared with the same week in 2008, room rates on both islandes were down as well — Kauai rates fell 12.3 percent to average $176 a night, whil Big Island rates were off 8.6 percent to averagd $152. • Oahu occupancy slipped 1 percentage pointgto 70.2 percent, while rates decreased 12.1 percenty to $148; and • Maui occupancy inched 0.8 percentage points downward to 63.6 percent, while room rates plummeted 17.2 percent to Statewide hotel occupancy declined 3.9 percentage points to 64.
9 while room rates slumped 13 percent to Nationwide hotel occupancy dipped 5.9 percentage pointds to 51.6 percent, while room ratesz fell 9.6 percent to average $93. The weekly Hawaii hotelp industry snapshot is surveyerd byand .
For the week ending May 30, Kaua i occupancy dropped 10.5 percentage points to 59.8 while Big Island occupancy plungedr 15 percentage pointsto 51.9 As compared with the same week in 2008, room rates on both islandes were down as well — Kauai rates fell 12.3 percent to average $176 a night, whil Big Island rates were off 8.6 percent to averagd $152. • Oahu occupancy slipped 1 percentage pointgto 70.2 percent, while rates decreased 12.1 percenty to $148; and • Maui occupancy inched 0.8 percentage points downward to 63.6 percent, while room rates plummeted 17.2 percent to Statewide hotel occupancy declined 3.9 percentage points to 64.
9 while room rates slumped 13 percent to Nationwide hotel occupancy dipped 5.9 percentage pointds to 51.6 percent, while room ratesz fell 9.6 percent to average $93. The weekly Hawaii hotelp industry snapshot is surveyerd byand .
Tuesday, November 20, 2012
Researchers harness static electricity from your twitchiness to charge batteries - Engadget
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Researchers harness static electricity from your twitchiness to charge batteries Engadget Researchers harness static electricity from your twitchiness to charge batteries Mobile. By Steve Dent posted Nov 20th, 2012 at 4:29 AM 0. Researchers use friction to harness static electricity from movement, charge batteries. If you're the fidgety ... |
LoyaltyOne announces dotz program expansion Colloquy.com Alliance Data Systems Corporation has announced that CBSM - Companhia Brasileira De Servicos De Marketing ("Dotz"), operator of Brazil's dotz loyalty program has expanded into Recife, a metropolitan region comprising 8 key cities and with a total ... |
Tuesday, November 13, 2012
Charge to hamper Merge 2Q net income - Business First of Buffalo:
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million noncash writedown on the sale of its equity interest in aradiology company. The West Allis-basede radiology software and systems provider said the charge is the resulft of the sale of its interest in veterinary radiologygcompany , as part of Eklin’s acquisition by veterinary servicesw provider (NASDAQ: WOOF). With Elkin's sale to VCA, Merg e (NASDQ: MRGE) will receive $1.4 million for its interesft in Elkin, but the majority of that will be recognizee in thethird quarter. The charge, will be recognized in the second when Merge will alsosee $2.
2 million in non-recurrinb revenue as a result of a new resellerf agreement the company reached with Elkijn in June that's being reassigned to VCA. Merge now expect s to post net incom e for the second quarterbetween $100,000 and compared with a net loss of $18.21 million a year ago. The company posted net income for the first quarter of 2009of $2.8 million. Excludinb the noncash charge, operating incomee is expected tobe $3.7 million to $4.4 compared with a net loss of $18.3 millionn a year ago. Revenue is now projected to be in the rangweof $15 million to $15.5 million, comparec with $13.3 million a year ago.
million noncash writedown on the sale of its equity interest in aradiology company. The West Allis-basede radiology software and systems provider said the charge is the resulft of the sale of its interest in veterinary radiologygcompany , as part of Eklin’s acquisition by veterinary servicesw provider (NASDAQ: WOOF). With Elkin's sale to VCA, Merg e (NASDQ: MRGE) will receive $1.4 million for its interesft in Elkin, but the majority of that will be recognizee in thethird quarter. The charge, will be recognized in the second when Merge will alsosee $2.
2 million in non-recurrinb revenue as a result of a new resellerf agreement the company reached with Elkijn in June that's being reassigned to VCA. Merge now expect s to post net incom e for the second quarterbetween $100,000 and compared with a net loss of $18.21 million a year ago. The company posted net income for the first quarter of 2009of $2.8 million. Excludinb the noncash charge, operating incomee is expected tobe $3.7 million to $4.4 compared with a net loss of $18.3 millionn a year ago. Revenue is now projected to be in the rangweof $15 million to $15.5 million, comparec with $13.3 million a year ago.
Monday, November 12, 2012
Midtown Atlanta: Fancy
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and , partners in 12th & Midtown on and Jamestown, the developer reshaping 999 Peachtree, continuer to chase and a new prospect, Dick’s Sportingv Goods, sources familiar with the market say. CB2, an offshooyt of home furnishings chain geared towarfGeneration Y, also recently confirmed to Atlanta Businesas Chronicle that it’s considering whether to enter the Atlanta market. Selig and Daniel have been trying to land the CB2 is interested in West Midtownjas well, sources said. The focus on frugal ratherr than fancy comes asthe high-enxd market continues to sputter, with some analysts saying it may not begibn to recover until 2011.
As Midtown real estate developera have tried to line Peachtreew with new storefronts in the pasttwo years, the effor t has included the pursuit of luxury clothin g designer Tom Ford, whose flagshil store is on Madisojn Avenue; Prada, famous for opulent handbags and and , also known for its high-en d accessories. In recent years, Selig Enterprisesx said it wanted luxury retailer s and flagship stores to locatein However, many of those retailers have shelved plans for new as affluent shoppers curtailed Lately, , which has also been a prospecft for Midtown, says it has no new storer concepts planned for Atlanta.
Any talk of an additionall Nike location in Atlanta is nothing more than a spokeswoman for thecompanhy said. Midtown’s shift in strategy comes as the , a groupp of business leaders laying the groundwor k for the Midtown says it’s starting to gain a “criticao mass” of stores and restaurants alonh Peachtree. At a Midtown Alliance meeting June 16, Will the group’s director of urban design, said Midtownn has added nearly 133,000 square feet of new retail duringv the past 18 primarily at twoanchor projects: Holdings LLC’w Viewpoint, and 12th & Midtown.
The additionxs bring the Midtown Alliance halfway to its goal of 1 milliobn square feet of retail on Peachtree Streert between North Avenue and 15thStreet — the stretchg known as the Midtown Mile. Majorf projects along the Midtown Mileinclude ’s Colony 12th & Midtown, Novare Group’s Viewpoint and 999 “We’re seeing activity in Midtown from both regionap and national retailers, focusing on lifestyle and home Michael Phillips, creative director with Jamestown. Retailersa like CB2 and Applew cater to the Midtown saidJackie Wammock, vice president of LLC, who specializezs in retail leasing.
Midtown tendse to be a younger demographic, and CB2, for focuses on a young urban shoppers with good disposabl eincome — something Midtowhn definitely has, she said. While retailers geared to 40-year-olda to 50-year-olds seem to be more affected by the economty andlower sales, moderately pricedd stores that target 16-year-olds to 28-year-olds “seem to be doinvg well,” said Tisha assistant vice president of leasinv for Lenox Square, owned by (NYSE: SPG). Retail brokerzs are finally starting to see improvedeal activity, Wammock said.
“We’rer starting to see thingsx loosen upa bit, in certain categories,” she noting restaurants and health clubs have showh improvement. “Deals are tougher to make, but we are seeingf them getting signed,” Wammock said.
and , partners in 12th & Midtown on and Jamestown, the developer reshaping 999 Peachtree, continuer to chase and a new prospect, Dick’s Sportingv Goods, sources familiar with the market say. CB2, an offshooyt of home furnishings chain geared towarfGeneration Y, also recently confirmed to Atlanta Businesas Chronicle that it’s considering whether to enter the Atlanta market. Selig and Daniel have been trying to land the CB2 is interested in West Midtownjas well, sources said. The focus on frugal ratherr than fancy comes asthe high-enxd market continues to sputter, with some analysts saying it may not begibn to recover until 2011.
As Midtown real estate developera have tried to line Peachtreew with new storefronts in the pasttwo years, the effor t has included the pursuit of luxury clothin g designer Tom Ford, whose flagshil store is on Madisojn Avenue; Prada, famous for opulent handbags and and , also known for its high-en d accessories. In recent years, Selig Enterprisesx said it wanted luxury retailer s and flagship stores to locatein However, many of those retailers have shelved plans for new as affluent shoppers curtailed Lately, , which has also been a prospecft for Midtown, says it has no new storer concepts planned for Atlanta.
Any talk of an additionall Nike location in Atlanta is nothing more than a spokeswoman for thecompanhy said. Midtown’s shift in strategy comes as the , a groupp of business leaders laying the groundwor k for the Midtown says it’s starting to gain a “criticao mass” of stores and restaurants alonh Peachtree. At a Midtown Alliance meeting June 16, Will the group’s director of urban design, said Midtownn has added nearly 133,000 square feet of new retail duringv the past 18 primarily at twoanchor projects: Holdings LLC’w Viewpoint, and 12th & Midtown.
The additionxs bring the Midtown Alliance halfway to its goal of 1 milliobn square feet of retail on Peachtree Streert between North Avenue and 15thStreet — the stretchg known as the Midtown Mile. Majorf projects along the Midtown Mileinclude ’s Colony 12th & Midtown, Novare Group’s Viewpoint and 999 “We’re seeing activity in Midtown from both regionap and national retailers, focusing on lifestyle and home Michael Phillips, creative director with Jamestown. Retailersa like CB2 and Applew cater to the Midtown saidJackie Wammock, vice president of LLC, who specializezs in retail leasing.
Midtown tendse to be a younger demographic, and CB2, for focuses on a young urban shoppers with good disposabl eincome — something Midtowhn definitely has, she said. While retailers geared to 40-year-olda to 50-year-olds seem to be more affected by the economty andlower sales, moderately pricedd stores that target 16-year-olds to 28-year-olds “seem to be doinvg well,” said Tisha assistant vice president of leasinv for Lenox Square, owned by (NYSE: SPG). Retail brokerzs are finally starting to see improvedeal activity, Wammock said.
“We’rer starting to see thingsx loosen upa bit, in certain categories,” she noting restaurants and health clubs have showh improvement. “Deals are tougher to make, but we are seeingf them getting signed,” Wammock said.
Saturday, November 10, 2012
FedEx Field is finalist for 2010 to 2014 Army-Navy games - Washington Business Journal:
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FedEx Field, home of the Washington is one of four stadiums in the runnintg forthe game, Navy athletic directo Chet Gladchuk said in an interview Monday. Other stadiums include M& T Bank Stadium in Baltimore, the new Meadowlands stadium comingh online in northern New Jersey next yearand Philadelphia’s Lincolh Financial Field. Navy athletic director Chet Gladchuk said he is still negotiatingh with one of the cities and hopesd to make a formak announcement by the end ofthis week. “We’re kind of there, but we’rse not there,” he said.
“We’ve trie to ensure there’s been Baltimore hosted the game in 2000 and 2007 to a sold out crowde of morethan 71,000. The evengt generated an economic impact of morethan $20 million on the regiom in 2007, state officials said. Philadelphia hosted the game in 2008 and will againbin 2009. All four finalist cities submittesd bids to host the gameas for each of thefive It's unlikely one city will be awarded the game for the entiree five-year period. It has been speculatef that M&T Bank Stadium will host the game in 2012 and but Gladchuk would not confirm any But Gladchuk expressed theAnnapolis academy’s strong ties to the neighboringt city.
“I love Baltimore,” he said. “We feel Baltimore in many ways has adoptes Navy as one of its hometown Navy football will play theat M&r Bank Stadium in 2010.
FedEx Field, home of the Washington is one of four stadiums in the runnintg forthe game, Navy athletic directo Chet Gladchuk said in an interview Monday. Other stadiums include M& T Bank Stadium in Baltimore, the new Meadowlands stadium comingh online in northern New Jersey next yearand Philadelphia’s Lincolh Financial Field. Navy athletic director Chet Gladchuk said he is still negotiatingh with one of the cities and hopesd to make a formak announcement by the end ofthis week. “We’re kind of there, but we’rse not there,” he said.
“We’ve trie to ensure there’s been Baltimore hosted the game in 2000 and 2007 to a sold out crowde of morethan 71,000. The evengt generated an economic impact of morethan $20 million on the regiom in 2007, state officials said. Philadelphia hosted the game in 2008 and will againbin 2009. All four finalist cities submittesd bids to host the gameas for each of thefive It's unlikely one city will be awarded the game for the entiree five-year period. It has been speculatef that M&T Bank Stadium will host the game in 2012 and but Gladchuk would not confirm any But Gladchuk expressed theAnnapolis academy’s strong ties to the neighboringt city.
“I love Baltimore,” he said. “We feel Baltimore in many ways has adoptes Navy as one of its hometown Navy football will play theat M&r Bank Stadium in 2010.
Friday, November 9, 2012
Synthetech reports a profit - Portland Business Journal:
ignatiywulyxura.blogspot.com
Albany-based Synthetech (OTCBB: NZYM), a fine chemicals reported earningsof $657,000, or 4 centsz per share, on $6.6 million in sales. A year earliert it had earnings of or 1 centper share, on $4.6 million in sales. For full-year fiscal 2009, the company had earningd of $1.2 million, or 8 centd per share, on $19.9 million in The prior year itlost $1.2 million, or 8 cents per on $14.6 million in sales. The bulk of the revenu growth was generated by repeat orders from major pharmaceutical companies forclinicaol studies. The company ended the fiscal year with a healthtbalance sheet. While its cash on hand as of Marchj 31 fellto $588,000, compared with $1.
1 millionb from the same time last its working capital increased to $5.9 million from $4.4 millio n due to the year-end growth in net It has no outstanding borrowings, while last year it stil l owed $905,000. CEO Gregory Hahn said the curren t economic downturn has had no negative effec onthe company, which has reported three straight years of revenue growth. But the outlook could be getting The biopharmaceuticals market is showing some Hahn said, and a difficultt financing environment could impair drug development Meanwhile, some major pharmaceutical companies are reducing their outsourcing expenses.
“Bothn of these issues also impact our contract drug synthesid market where our traditional peptide buildinh block productsare sold,” Hahn said in a news Regardless, the company continues to receive orders and thus far is unablse to determine what impact the weakenedc economy will have on its 2010 “Despite these challenging economic and markeg conditions, we remain guardedly optimistic as we enter fiscal 2010,” Hahn said. Synthetechb shares closed up 11 percent Wednesdayto $1 per It has a 52-week range betweem 40 cents and $1.20.
Albany-based Synthetech (OTCBB: NZYM), a fine chemicals reported earningsof $657,000, or 4 centsz per share, on $6.6 million in sales. A year earliert it had earnings of or 1 centper share, on $4.6 million in sales. For full-year fiscal 2009, the company had earningd of $1.2 million, or 8 centd per share, on $19.9 million in The prior year itlost $1.2 million, or 8 cents per on $14.6 million in sales. The bulk of the revenu growth was generated by repeat orders from major pharmaceutical companies forclinicaol studies. The company ended the fiscal year with a healthtbalance sheet. While its cash on hand as of Marchj 31 fellto $588,000, compared with $1.
1 millionb from the same time last its working capital increased to $5.9 million from $4.4 millio n due to the year-end growth in net It has no outstanding borrowings, while last year it stil l owed $905,000. CEO Gregory Hahn said the curren t economic downturn has had no negative effec onthe company, which has reported three straight years of revenue growth. But the outlook could be getting The biopharmaceuticals market is showing some Hahn said, and a difficultt financing environment could impair drug development Meanwhile, some major pharmaceutical companies are reducing their outsourcing expenses.
“Bothn of these issues also impact our contract drug synthesid market where our traditional peptide buildinh block productsare sold,” Hahn said in a news Regardless, the company continues to receive orders and thus far is unablse to determine what impact the weakenedc economy will have on its 2010 “Despite these challenging economic and markeg conditions, we remain guardedly optimistic as we enter fiscal 2010,” Hahn said. Synthetechb shares closed up 11 percent Wednesdayto $1 per It has a 52-week range betweem 40 cents and $1.20.
Tuesday, November 6, 2012
Discovery may help nerve regeneration in spinal injury - Science Codex
jiqatili.wordpress.com
Discovery may help nerve regeneration in spinal injury Science Codex Scientists at the Universities of Liverpool and Glasgow have uncovered a possible new method of enhancing nerve repair in the treatment of spinal cord injuries. It is known that scar tissue, which forms following spinal cord injury, creates an ... |
Monday, November 5, 2012
A bandage for battered construction industry - Charlotte Business Journal:
awipekyhila.blogspot.com
million for work on two state highwayy projects funded with federal stimulus One of the projects isin Charlotte, where Blythe will widen more than a mile of N.C. Highway 51 betweenh Pineville andthe S.C. line. Fran k Blythe, who founded the companu with his brother, Jack, says the projects will definitelyt help. But the stimulus funds aren’t the boon for the industryu thatsome expect, he adds. “It probablyh will allow some contractors like us to stop layingv off people and maybe maintainwhat we’vd got,” he says. Blythe’s work force has dropped to 450, down from 750 last as site-development work at residential and commercial projects hassloweds dramatically.
During the last 10 the company has kept a foot in government work but focused on work in theprivate sector, such as subdivisions for Centes Homes and other builders. That source of revenuew has vanished, however, and the contractot is shifting back to public work as it waitd for the economyto “The fortunate thing about it is we have stayed in touch with it and we know how to do Blythe says. The is receiving $838 million through the federal economic-recovery plan, including $735 millioj for highway and bridge projects.
In February, the stater announced 70 projects would be put out for bid betweeb March and June using the first half of the The remaining projects will be announcesin April. The stimulus money will help an industry hard hit by the According tothe , construction employment in Nortyh Carolina peaked last May at 258,700. By the industry had shed 19,700 of thosde jobs, or 7.6% of the statewide work Construction spending is expected to decline by as muchas 7% nationallt this year, the AGC Tony Plath, a professor of finance at who follow the industry, says the stimulus projects are neededs because the state’s budget shortfall has resultee in a loss of highwat and bridge funding.
In November, N.C. DOT decidec to reduce the number of projectas it puts out for bid each monthby 75%, and it has delayerd at least $250 million in work. Gov. Bev Perdue’zs budget proposal calls for transportatiohn cuts during the next two years due to shortfalls intax “Anything’s helpful at this point,” Plath says. “Butg at the end of the day, we’re still seeint significant deterioration incommercial construction.” With fewee government contracts to go around, the bidding on state projectz has become fiercely competitive. Over the last 10 years, N.C.
DOT has averagedf four or five bids for each of its saysRandy Garris, a contrac t officer at the department. The average reached 10 this Firms that turnedto private-sectof work in recent yearss are actively bidding on public project again, and about a dozen firmsd that have never worked with the state have become prequalifieed and are bidding on transportation work, Garris Otis Crowder, president of , says the numbetr of bidders reflects the pent-up demand among contractorxs for work. “You have a lot of people who builxd roads and build bridgesw that are marginally trying to stay in businessx and maybe living off a little bitof backlog,” he says.
“They have a lot of idle and they’re all trying to bid on everything.” The rising numberf of bidders puts downward pressure on On a recent project inDavidson County, for Crowder and Blythe came in with bids 6.5% and 3.4% below the engineer’es estimate, respectively. But neither was low The winning bid came from Davie Gradinbgin Mocksville. Its $1.3 million bid was 20% beloqw the engineer’s estimate. On the jobs that Blythe won in Charlotte and the company’s bids were 24% belo w the engineer’s estimates.
That’s good for the stats because the stimulus funds willstretch further, but it’s hard on the contractor profits, says Berryg Jenkins, N.C. highway division directore at Carolinas AGC. “For a littled while, that may be OK, but long term that’as not good for the health of the he says. Frank Blythe says his companhy was able to submit winning bids on the Charlott e and Albemarle projectsbecause they’rse close by and Blythe can handle most of the work instea d of using subcontractors. “I doubt we’ll make any moneyu on them,” he says. “I think what people are doingh is juststaying busy.
They’re hopinhg to break even and that’s OK. We can live througuh times like this if thingsget better. I thini they will, eventually.”
million for work on two state highwayy projects funded with federal stimulus One of the projects isin Charlotte, where Blythe will widen more than a mile of N.C. Highway 51 betweenh Pineville andthe S.C. line. Fran k Blythe, who founded the companu with his brother, Jack, says the projects will definitelyt help. But the stimulus funds aren’t the boon for the industryu thatsome expect, he adds. “It probablyh will allow some contractors like us to stop layingv off people and maybe maintainwhat we’vd got,” he says. Blythe’s work force has dropped to 450, down from 750 last as site-development work at residential and commercial projects hassloweds dramatically.
During the last 10 the company has kept a foot in government work but focused on work in theprivate sector, such as subdivisions for Centes Homes and other builders. That source of revenuew has vanished, however, and the contractot is shifting back to public work as it waitd for the economyto “The fortunate thing about it is we have stayed in touch with it and we know how to do Blythe says. The is receiving $838 million through the federal economic-recovery plan, including $735 millioj for highway and bridge projects.
In February, the stater announced 70 projects would be put out for bid betweeb March and June using the first half of the The remaining projects will be announcesin April. The stimulus money will help an industry hard hit by the According tothe , construction employment in Nortyh Carolina peaked last May at 258,700. By the industry had shed 19,700 of thosde jobs, or 7.6% of the statewide work Construction spending is expected to decline by as muchas 7% nationallt this year, the AGC Tony Plath, a professor of finance at who follow the industry, says the stimulus projects are neededs because the state’s budget shortfall has resultee in a loss of highwat and bridge funding.
In November, N.C. DOT decidec to reduce the number of projectas it puts out for bid each monthby 75%, and it has delayerd at least $250 million in work. Gov. Bev Perdue’zs budget proposal calls for transportatiohn cuts during the next two years due to shortfalls intax “Anything’s helpful at this point,” Plath says. “Butg at the end of the day, we’re still seeint significant deterioration incommercial construction.” With fewee government contracts to go around, the bidding on state projectz has become fiercely competitive. Over the last 10 years, N.C.
DOT has averagedf four or five bids for each of its saysRandy Garris, a contrac t officer at the department. The average reached 10 this Firms that turnedto private-sectof work in recent yearss are actively bidding on public project again, and about a dozen firmsd that have never worked with the state have become prequalifieed and are bidding on transportation work, Garris Otis Crowder, president of , says the numbetr of bidders reflects the pent-up demand among contractorxs for work. “You have a lot of people who builxd roads and build bridgesw that are marginally trying to stay in businessx and maybe living off a little bitof backlog,” he says.
“They have a lot of idle and they’re all trying to bid on everything.” The rising numberf of bidders puts downward pressure on On a recent project inDavidson County, for Crowder and Blythe came in with bids 6.5% and 3.4% below the engineer’es estimate, respectively. But neither was low The winning bid came from Davie Gradinbgin Mocksville. Its $1.3 million bid was 20% beloqw the engineer’s estimate. On the jobs that Blythe won in Charlotte and the company’s bids were 24% belo w the engineer’s estimates.
That’s good for the stats because the stimulus funds willstretch further, but it’s hard on the contractor profits, says Berryg Jenkins, N.C. highway division directore at Carolinas AGC. “For a littled while, that may be OK, but long term that’as not good for the health of the he says. Frank Blythe says his companhy was able to submit winning bids on the Charlott e and Albemarle projectsbecause they’rse close by and Blythe can handle most of the work instea d of using subcontractors. “I doubt we’ll make any moneyu on them,” he says. “I think what people are doingh is juststaying busy.
They’re hopinhg to break even and that’s OK. We can live througuh times like this if thingsget better. I thini they will, eventually.”
Sunday, November 4, 2012
P.F. Chang
eragywaqer.wordpress.com
P.F. Chang’s would fill a City Centerf space at the corner of Hennepinn Avenue and North Sixth Streetthat T.G.I. Friday’s vacatef in 2005. P.F. Chang’s spokeswoman Rachel Gillman confirmed that the compant is looking into adding a restaurant indowntown “Nothing has been wrapped up in terms of a leas for the Minneapolis I would probably have more to update for you in two Officials from , the New York-based real estate investmenf trust that owns and manages City could not be reached for comment. Landing P.F.
Chang’sz would be a major victory for the downtown Minneapolis shopping center, adding a second high-profile restaurant tenangt to pair with Fogo de Chao, a Brazilian steakhousew that has generated strong sales sinc e opening in 2007. “Wow, that wouled be great for downtown Minneapolis,” said Linda Zelm, vice presidentg of retail services for Coldwell Banker CommercialGriffim Cos. in Minneapolis. “I bet that wouled be very popular.” City Centefr was home to anotherChinese restaurant, Nankinn Cafe, from 1981 until when the restaurant closee after 80 years in downtown Minneapolis.
“oI can’t tell you how many times I wenttherde — so many times,” Zelm recalled. Scottsdale, Ariz.-based P.F. Chang’s Chinza Bistro operates 190 P.F. Chang’s restaurants nationwide, includinbg in Edina and The Shoppews at Arbor Lakes inMaple Grove. The averag restaurant is between 6,000 and 7,500 square feet. The menu features traditionap Chinese fare, such as sweet-and-sour chicken and Mongolian as well as Asian twists on American staples like steamand salmon. The average checkj is about $20 per person. P.F. Chang’ also has 160 Pei Wei Asian Diner fast-casual restaurants across the country, including locations in Eden Prairie, St.
Louiw Park and Woodbury. P.F. Chang’s plansa to open just 14 new restaurants — eight P.F. Chang’s restaurants and six Pei Weis — in fiscaol 2009, after opening a total of 42 locations in 2008 and 52in 2007. Givenh the reduced expansion plans, it’s surprisint the company would choose to open a restauranyt atCity Center, said Allan managing director at Minneapolis-based consulting firm Restaurant Retail Strategies.
“It’s just a little curious that they’ve determined that’s one of the eighy or 10 best locations in the The restaurant probably would draw a stron business crowdover lunch, but mighty struggle to attract guests over Hickok said. “I think they have a high opportunity to getthat ‘Block E disease,’ he said, referring to the slow sales and safet y concerns that have plagued some tenants across Hennepin Avenue at the Bloc k E entertainment complex.
P.F. Chang’s would fill a City Centerf space at the corner of Hennepinn Avenue and North Sixth Streetthat T.G.I. Friday’s vacatef in 2005. P.F. Chang’s spokeswoman Rachel Gillman confirmed that the compant is looking into adding a restaurant indowntown “Nothing has been wrapped up in terms of a leas for the Minneapolis I would probably have more to update for you in two Officials from , the New York-based real estate investmenf trust that owns and manages City could not be reached for comment. Landing P.F.
Chang’sz would be a major victory for the downtown Minneapolis shopping center, adding a second high-profile restaurant tenangt to pair with Fogo de Chao, a Brazilian steakhousew that has generated strong sales sinc e opening in 2007. “Wow, that wouled be great for downtown Minneapolis,” said Linda Zelm, vice presidentg of retail services for Coldwell Banker CommercialGriffim Cos. in Minneapolis. “I bet that wouled be very popular.” City Centefr was home to anotherChinese restaurant, Nankinn Cafe, from 1981 until when the restaurant closee after 80 years in downtown Minneapolis.
“oI can’t tell you how many times I wenttherde — so many times,” Zelm recalled. Scottsdale, Ariz.-based P.F. Chang’s Chinza Bistro operates 190 P.F. Chang’s restaurants nationwide, includinbg in Edina and The Shoppews at Arbor Lakes inMaple Grove. The averag restaurant is between 6,000 and 7,500 square feet. The menu features traditionap Chinese fare, such as sweet-and-sour chicken and Mongolian as well as Asian twists on American staples like steamand salmon. The average checkj is about $20 per person. P.F. Chang’ also has 160 Pei Wei Asian Diner fast-casual restaurants across the country, including locations in Eden Prairie, St.
Louiw Park and Woodbury. P.F. Chang’s plansa to open just 14 new restaurants — eight P.F. Chang’s restaurants and six Pei Weis — in fiscaol 2009, after opening a total of 42 locations in 2008 and 52in 2007. Givenh the reduced expansion plans, it’s surprisint the company would choose to open a restauranyt atCity Center, said Allan managing director at Minneapolis-based consulting firm Restaurant Retail Strategies.
“It’s just a little curious that they’ve determined that’s one of the eighy or 10 best locations in the The restaurant probably would draw a stron business crowdover lunch, but mighty struggle to attract guests over Hickok said. “I think they have a high opportunity to getthat ‘Block E disease,’ he said, referring to the slow sales and safet y concerns that have plagued some tenants across Hennepin Avenue at the Bloc k E entertainment complex.
Friday, November 2, 2012
Earthquakes ink shirt-sponsor deal with Amway Global - San Francisco Business Times:
viktorevaikubuwo.blogspot.com
The Earthquakes said Amway Global’z logo will appear across the front ofthe team’s jerseys and gives Amway rightse to other promotions tied to the The team, owned in part by Oakland A’sw managing general partner Lew did not describe the deal terms but the sponsorshilp is reportedly worth $2 million to $3 millionh a year. The sponsorship kicksw off at the Mexico-Sweden matchn on January 28 at Oakland Alameda County Coliseum when all entry signs for the game will be brandedf with AmwayGlobal logos. Amway Globall will be the main sponsor for the Earthquakes openinyg night on March 21at ’d Buck Shaw Stadium.
Sponsorship on the front of pro team uniforma is a rarity in theUnited States. Only allows it. In Europ soccer clubs generate millions of dollarss annually from jerseysponsorship deals. The racingy circuit in the United States also welcomesd corporate logoson cars. The Earthquakes completed theirt first season with the MLS last The previous San Jose club moved to Houston following the2005 season. Amwah Global, a subsidiary of of sells health andbeauty products.
The Earthquakes said Amway Global’z logo will appear across the front ofthe team’s jerseys and gives Amway rightse to other promotions tied to the The team, owned in part by Oakland A’sw managing general partner Lew did not describe the deal terms but the sponsorshilp is reportedly worth $2 million to $3 millionh a year. The sponsorship kicksw off at the Mexico-Sweden matchn on January 28 at Oakland Alameda County Coliseum when all entry signs for the game will be brandedf with AmwayGlobal logos. Amway Globall will be the main sponsor for the Earthquakes openinyg night on March 21at ’d Buck Shaw Stadium.
Sponsorship on the front of pro team uniforma is a rarity in theUnited States. Only allows it. In Europ soccer clubs generate millions of dollarss annually from jerseysponsorship deals. The racingy circuit in the United States also welcomesd corporate logoson cars. The Earthquakes completed theirt first season with the MLS last The previous San Jose club moved to Houston following the2005 season. Amwah Global, a subsidiary of of sells health andbeauty products.
Thursday, November 1, 2012
Podiatrist gets 5 months, $25,000 fine - Dallas Business Journal:
stockdaleiqemico1521.blogspot.com
Dr. Bic Chau Stafford, who practiced at the in Marylanx Heights, as well as assorted assisted living facilitiesin St. Louis City and St. Louis County, in April to one felonyy count of obstruction of afederal Stafford, 59, also executed a civil settlementy agreement with the United State s requiring her to pay the Medicare program $425,000. Stafford bille d Medicare for numerous complex foot surgery procedures provided to 39 local Medicare beneficiarieas when she was really providingg these patients with only routinesfoot care, such as toe nail prosecutors said.
When she was audited by the Medicare programmin 2007, Medicare deniedx her claims for reimbursemengt regarding these 39 beneficiaries and requested that she repay $6,849 for non-covered services that had been previously paid to her. Staffords challenged this and as part of her efforts to avoid payingthe overpayment, Stafford created new treatment records for thosee 39 patients in 2007, back-dating them to 2004, usintg fraudulent treatment information and claiming that she had provided thesd patients with podiatric surgical procedure, prosecutors said.
Dr. Bic Chau Stafford, who practiced at the in Marylanx Heights, as well as assorted assisted living facilitiesin St. Louis City and St. Louis County, in April to one felonyy count of obstruction of afederal Stafford, 59, also executed a civil settlementy agreement with the United State s requiring her to pay the Medicare program $425,000. Stafford bille d Medicare for numerous complex foot surgery procedures provided to 39 local Medicare beneficiarieas when she was really providingg these patients with only routinesfoot care, such as toe nail prosecutors said.
When she was audited by the Medicare programmin 2007, Medicare deniedx her claims for reimbursemengt regarding these 39 beneficiaries and requested that she repay $6,849 for non-covered services that had been previously paid to her. Staffords challenged this and as part of her efforts to avoid payingthe overpayment, Stafford created new treatment records for thosee 39 patients in 2007, back-dating them to 2004, usintg fraudulent treatment information and claiming that she had provided thesd patients with podiatric surgical procedure, prosecutors said.
Tuesday, October 30, 2012
Creditors in TOUSA and Puig bankruptcies target lenders - South Florida Business Journal:
azajir.wordpress.com
The case of Hollywood-based TOUSA is emblemativc of how Wall Street threwa money at efforts to create a nationaolhomebuilding company. Unsecured creditors argue that the Wall Streeglenders shouldn’t be allowed to clai m a lot of the valuable assets in TOUSA’s subsidiaries. The case of Hialeah-basefd is emblematic of South Florida’s condo conversion craze. Creditor argue that lenders were so chummy with Puigthat ill-conceived loans helped lead to the converter’s Miami-based Ocean Bank, which denies the assertion, has lost $190 million overall in the past two quarters but that’s nothing compared to the multibillion-dollar lossee of and some of the others who lent to TOUSA filed for bankruptcy in Januaryu 2008 with more than $2 billionj in assets and $1.
8 billion in debt, making it the biggest homebuilder bankruptcy in South Florida. The company said recently that it stoppedx building new homes and is proceeding with anorderlt wind-down of operations. The best outcomre for the WallStreet lenders, who have first lien claims, wouls be 66 cents on the dollar from an immediate liquidation of TOUSA – althougjh that’s not the company’s current Those holding second lien secured debt and unsecureds debt would get which is partly why they are appealing a recentr setback in bankruptcy court to U.S.
District “While the goal is for homebuilding operationa to be absorbed by another company or as a corporate entity would cease to exisr underthis plan,” the company told the Businessz Journal in an e-mail. In Soutb Florida, TOUSA operated under the brand. “Unless there’d some future sale of Engle there won’t be any new homes built, and it woul close completely atsome point,” lead bankruptcy attornet Natasha Labovitz, of , said in an interview. She envisions a two-yead period to sell assets undea controlled, orderly process. Leading the list of defendants in the TOUSAq litigation is CiticorpNorth America.
Othere defendants are , , Ocean Bank, Credit , , Credit Partners and . Bankruptcy Judge John Olson recently rulexd for the lenders in dismissing a large part of the but the committee of unsecureds creditors has appealedto U.S. District Part of the suit has to dowith $500 million that was loaneds to TOUSA as part of a July 2007 refinancing of a joint venture involving Transeastern Homes. The unsecuresd creditors argue thatthe $500 millio was a “constructive fraudulent conveyance.” Fees in the Chapterf 11 case have run into the tens of millions of dollars. Handling the litigation for the unsecured creditorsx committeeis Washington, D.C.
-based law firm LLP, whicgh stated in a recent fee applicatiob that it has requested $3.59 million in fees sincd June. A hearing to confirm the reorganization plan is set for June 22at 9:30 before Judge Olson at the federal courthouse in Fort Jeffrey Davis, a bankruptcy attorney and law professor at the , said it is not surprising that creditors are pursuing banks for “The reality is, nationwide, that real estate value s are plummeting and it’s particularly difficulg if you have a development that’s partially completed,” he TOUSA said it built 3,859 homes in 2008, down from 7,824 in 2006. Revenue was $1.1 billiomn in 2008, down from $2.6 billion in 2006.
In the Puig U.S. Bankruptcy Court Judge Robert Mark recentlyg ruled a lawsuit by creditors that claimzs morethan $45 million in damages can go forward. The suit, filed in August, allegesd that bank loan officersd who were friends with Puig extended the insolvency by makinbgbad loans. The bank moved to dismissx the litigation asbeing unfounded, and wants to converrt the Chapter 11 reorganization to a Mark subsequently dismissed some claims, but the most sensational survived. The bank’xs attorney, Joel Tabas, said dismissals were a big win for the and he believes itwill prevail.
The case of Hollywood-based TOUSA is emblemativc of how Wall Street threwa money at efforts to create a nationaolhomebuilding company. Unsecured creditors argue that the Wall Streeglenders shouldn’t be allowed to clai m a lot of the valuable assets in TOUSA’s subsidiaries. The case of Hialeah-basefd is emblematic of South Florida’s condo conversion craze. Creditor argue that lenders were so chummy with Puigthat ill-conceived loans helped lead to the converter’s Miami-based Ocean Bank, which denies the assertion, has lost $190 million overall in the past two quarters but that’s nothing compared to the multibillion-dollar lossee of and some of the others who lent to TOUSA filed for bankruptcy in Januaryu 2008 with more than $2 billionj in assets and $1.
8 billion in debt, making it the biggest homebuilder bankruptcy in South Florida. The company said recently that it stoppedx building new homes and is proceeding with anorderlt wind-down of operations. The best outcomre for the WallStreet lenders, who have first lien claims, wouls be 66 cents on the dollar from an immediate liquidation of TOUSA – althougjh that’s not the company’s current Those holding second lien secured debt and unsecureds debt would get which is partly why they are appealing a recentr setback in bankruptcy court to U.S.
District “While the goal is for homebuilding operationa to be absorbed by another company or as a corporate entity would cease to exisr underthis plan,” the company told the Businessz Journal in an e-mail. In Soutb Florida, TOUSA operated under the brand. “Unless there’d some future sale of Engle there won’t be any new homes built, and it woul close completely atsome point,” lead bankruptcy attornet Natasha Labovitz, of , said in an interview. She envisions a two-yead period to sell assets undea controlled, orderly process. Leading the list of defendants in the TOUSAq litigation is CiticorpNorth America.
Othere defendants are , , Ocean Bank, Credit , , Credit Partners and . Bankruptcy Judge John Olson recently rulexd for the lenders in dismissing a large part of the but the committee of unsecureds creditors has appealedto U.S. District Part of the suit has to dowith $500 million that was loaneds to TOUSA as part of a July 2007 refinancing of a joint venture involving Transeastern Homes. The unsecuresd creditors argue thatthe $500 millio was a “constructive fraudulent conveyance.” Fees in the Chapterf 11 case have run into the tens of millions of dollars. Handling the litigation for the unsecured creditorsx committeeis Washington, D.C.
-based law firm LLP, whicgh stated in a recent fee applicatiob that it has requested $3.59 million in fees sincd June. A hearing to confirm the reorganization plan is set for June 22at 9:30 before Judge Olson at the federal courthouse in Fort Jeffrey Davis, a bankruptcy attorney and law professor at the , said it is not surprising that creditors are pursuing banks for “The reality is, nationwide, that real estate value s are plummeting and it’s particularly difficulg if you have a development that’s partially completed,” he TOUSA said it built 3,859 homes in 2008, down from 7,824 in 2006. Revenue was $1.1 billiomn in 2008, down from $2.6 billion in 2006.
In the Puig U.S. Bankruptcy Court Judge Robert Mark recentlyg ruled a lawsuit by creditors that claimzs morethan $45 million in damages can go forward. The suit, filed in August, allegesd that bank loan officersd who were friends with Puig extended the insolvency by makinbgbad loans. The bank moved to dismissx the litigation asbeing unfounded, and wants to converrt the Chapter 11 reorganization to a Mark subsequently dismissed some claims, but the most sensational survived. The bank’xs attorney, Joel Tabas, said dismissals were a big win for the and he believes itwill prevail.
Monday, October 29, 2012
CNN correspondent visits BYU, looks into Mitt Romney's past - Deseret News
ikefageze.blogspot.com
Sun Star Courier | CNN correspondent visits BYU, looks into Mitt Romney's past Deseret News Quest is an international business correspondent and his visit to BYU was just one part of the American Quest, and eight-day journey across the U.S., which can be watched as a series starting Oct. 29. He visited the university to gather students' views ... Mitt Romney Visits Marion Mitt Romney visits Avon Lake |
Sunday, October 28, 2012
More students snap up Pandora Yearbook's digital version - Red and Black
lyubomiradete.blogspot.com
More students snap up Pandora Yearbook's digital version Red and Black Freshman Abby Cristman working on a Pandora Yearbook spread on the University of Georgia vs. University of Tennessee game. Posted: Monday, October 22, 2012 12:00 pm | Updated: 10:30 pm, Sun Oct 21, 2012. More students snap up Pandora ... |
Thursday, October 25, 2012
Where Charlotte
viktorevaikubuwo.blogspot.com
The founder of knows well the obvious challenge s inthe financial-services industry. But he’s also aware of a big opportunitty to grow his Ballantynemortgage business. That’sa why he’s adding as many as 40 following a career fairon Friday. The residential refinancingf marketis booming. And Owenss believes now is the timeto hire. “There’ds no certainty anyone will survive inthis market,” he “But we’re going to get up every morninhg and put up a good He isn’t alone among Charlottse employers. Local unemployment is over 11%, but that doesn’g mean it’s impossible to find a job.
The Charlotte Business Journal recently surveyedf more than 300 ofthe area’s largestt employers and industry leaders. More than 80 firmes responded, saying they have more than 1,200 jobs Some major employers such as are still filling scores of Other juggernauts, including , aren’t hiring at all. Our survey also findsd midsize companies in the right industries such asAmeritrust — are picking up some of the slack, addint jobs and expanding in Charlotte. In this it’s all about the kind of not the size, when it comes to hiring. The evidence suggests companiess inthe mortgage, health-care and energyh sectors have the most openings.
Opportunities also exist in counter-cyclicalp industries such as discount retailers and inexpensiverestaurantx — places that tend to pick up business as consumers scales back their spending. “The definingv feature for who is hiring is not the size of the butquite frankly, what is that firm N.C. State economist Mike Walde says. Still, jobs remain The Conference Board, a national nonprofit research says its most recent data shows almost five unemployed individual for every job opening advertised in the Charlottwemetro area. Ballantyne-based Ameritrust is one of the fastest-growing firmzs in Charlotte.
Owens, the chief executivd and a tireless entrepreneur, was forcedr to scale down the company when the housing market started to deterioratein 2007. But Ameritrusyt now is in the middle ofa resurgence, hirinbg dozens of workers since the It planned to hire originators after the career fair on Fridauy and hopes to add more underwriters and loan processors this It’s all made possible by a boomingb refi market that led to 20% revenuew growth in the first quarter. The goal is to buil d a staff of mortgagew lenders committedto “customer Owens says.
By hiring new staffersz on pacewith demand, he says he can clos loans in 14 days, compared with 60 days at many He’s also banking on a rebound in home valuesa next year to fuel more business. Owens says hiringy conditions are the best in his career because so many talenter workers areseeking employment. “I’m finding a lot of peoplre smarterthan me,” he says. “The trick is to find the right place to put them so they can He has hired several people this spring from falterint competitorsaround town. Those hires includ David Oshan, Ameritrust’s chiefg financial officer. He’s a former executivwe at Equifirst Mortgage and HSBC DecisiomOne Mortgage.
The founder of knows well the obvious challenge s inthe financial-services industry. But he’s also aware of a big opportunitty to grow his Ballantynemortgage business. That’sa why he’s adding as many as 40 following a career fairon Friday. The residential refinancingf marketis booming. And Owenss believes now is the timeto hire. “There’ds no certainty anyone will survive inthis market,” he “But we’re going to get up every morninhg and put up a good He isn’t alone among Charlottse employers. Local unemployment is over 11%, but that doesn’g mean it’s impossible to find a job.
The Charlotte Business Journal recently surveyedf more than 300 ofthe area’s largestt employers and industry leaders. More than 80 firmes responded, saying they have more than 1,200 jobs Some major employers such as are still filling scores of Other juggernauts, including , aren’t hiring at all. Our survey also findsd midsize companies in the right industries such asAmeritrust — are picking up some of the slack, addint jobs and expanding in Charlotte. In this it’s all about the kind of not the size, when it comes to hiring. The evidence suggests companiess inthe mortgage, health-care and energyh sectors have the most openings.
Opportunities also exist in counter-cyclicalp industries such as discount retailers and inexpensiverestaurantx — places that tend to pick up business as consumers scales back their spending. “The definingv feature for who is hiring is not the size of the butquite frankly, what is that firm N.C. State economist Mike Walde says. Still, jobs remain The Conference Board, a national nonprofit research says its most recent data shows almost five unemployed individual for every job opening advertised in the Charlottwemetro area. Ballantyne-based Ameritrust is one of the fastest-growing firmzs in Charlotte.
Owens, the chief executivd and a tireless entrepreneur, was forcedr to scale down the company when the housing market started to deterioratein 2007. But Ameritrusyt now is in the middle ofa resurgence, hirinbg dozens of workers since the It planned to hire originators after the career fair on Fridauy and hopes to add more underwriters and loan processors this It’s all made possible by a boomingb refi market that led to 20% revenuew growth in the first quarter. The goal is to buil d a staff of mortgagew lenders committedto “customer Owens says.
By hiring new staffersz on pacewith demand, he says he can clos loans in 14 days, compared with 60 days at many He’s also banking on a rebound in home valuesa next year to fuel more business. Owens says hiringy conditions are the best in his career because so many talenter workers areseeking employment. “I’m finding a lot of peoplre smarterthan me,” he says. “The trick is to find the right place to put them so they can He has hired several people this spring from falterint competitorsaround town. Those hires includ David Oshan, Ameritrust’s chiefg financial officer. He’s a former executivwe at Equifirst Mortgage and HSBC DecisiomOne Mortgage.
Wednesday, October 24, 2012
IDEV Presents Consistent Evidence Validating the Mimetic Design of SUPERA ... - Sacramento Bee
judonebolayb1394.blogspot.com
IDEV Presents Consistent Evidence Validating the Mimetic Design of SUPERA ... Sacramento Bee "The SUPERB and SUPERA 500 results validate the SUPERA design as well as data previously reported in numerous single-site registries and retrospective studies. With this data, and additional studies soon to be released, we are building one of the most ... |
The Guardian | 'Binders,' cooking and equal pay: Did Romney undo gains with women voters? CNN 'Binders,' cooking and equal pay: Did Romney undo gains with women voters? By Halimah Abdullah, CNN. updated 12:11 PM EDT, Thu October 18, 2012. STORY HIGHLIGHTS. NEW: Barack Obama, Joe Biden take on Mitt Romney's 'binders' comments on ... Proffitt: Women at debate's center |
Thursday, October 18, 2012
Sweet Leaf Tea gets $15.6M infusion from Nestle - Austin Business Journal:
cahijisebi.wordpress.com
million in natural beverage makerd The funding shouldhelp Austin-baseds Sweet Leaf expand its distribution nationwide within the next two years, said foundet and CEO Clayton Christopher. The company'es products are currently available in just 30percentg U.S. markets. In addition, Nestle Waters executivd Dan Costello is relocating to Austin to become presidenft of Sweet Leaf Tea and will reporyto Christopher. Nestlé Waters will also add two directors to SweetyLeaf Tea’s Board of Directors. “We are very enthusiastix about this investmentfrom Nestlé Waterz and believe we have found in them an ideal partner for said Christopher.
“Not only do they have an unrivaled nationalo network ofdistribution partners, which includes many of our existing partners, but they are as committef as we are to bringing qualithy and goodness to consumerss in the most environmentally-conscious way possible. It’s an ideal strategicx and cultural fit, which is important to us.” Nestlé Watersw joins , as an investor in Sweet Leaf Tea. Cattertomn is the investor behind Build-a-Bear Workshop, PF Chang’s China Odwalla and Kettle Foods. Sweetr Leaf Tea was founded in 1998 and todah has 10classic iced-tea flavors and one lemonade flavor.
million in natural beverage makerd The funding shouldhelp Austin-baseds Sweet Leaf expand its distribution nationwide within the next two years, said foundet and CEO Clayton Christopher. The company'es products are currently available in just 30percentg U.S. markets. In addition, Nestle Waters executivd Dan Costello is relocating to Austin to become presidenft of Sweet Leaf Tea and will reporyto Christopher. Nestlé Waters will also add two directors to SweetyLeaf Tea’s Board of Directors. “We are very enthusiastix about this investmentfrom Nestlé Waterz and believe we have found in them an ideal partner for said Christopher.
“Not only do they have an unrivaled nationalo network ofdistribution partners, which includes many of our existing partners, but they are as committef as we are to bringing qualithy and goodness to consumerss in the most environmentally-conscious way possible. It’s an ideal strategicx and cultural fit, which is important to us.” Nestlé Watersw joins , as an investor in Sweet Leaf Tea. Cattertomn is the investor behind Build-a-Bear Workshop, PF Chang’s China Odwalla and Kettle Foods. Sweetr Leaf Tea was founded in 1998 and todah has 10classic iced-tea flavors and one lemonade flavor.
Wednesday, October 17, 2012
Monday, October 15, 2012
Eddie Bauer buyer says it will turn retailer around - Triangle Business Journal:
azajir.wordpress.com
Jonathan Lynch, a managing director of CCMP CapitalAdvisora LLC, said without the burden of could quickly become a profitable company. “In this we are talking about a good company with a badbalancre sheet, and we are going to turn it into a greatr company with a great balance sheet,” Lynch Lynch said Eddie Bauer CEO Neil Fiske and his team have made “impressivse strides in a very difficult economic climate.” Looking at key retaik metrics, particularly comparable-store sales, Eddie Bauer has outperformed its Lynch said. Lynch said CCMP Capital woulr keepthe company’s headquarters in Bellevuee because he said there is no compelling strategic reason to move it.
He said that CCMP Capita l typically holds on to companies for five to 10 And Lynch said his firm also woulx keep most ofEddie Bauer’s 371 retail stores open, although he said that some stores that can’t remain profitable would be closed. Lynch said he did not know how many storew thatmight be. Eddid Bauer f The retailer struck a deal withCCMP Capital, for $202 CCMP’s offer is essentially an opening bid for Eddie Bauer’as assets. The sale must be approved by abankruptch judge, who will oversee an auction. CCMP likely would emerge as Eddie Bauer’s unless there is an offeer thatbeats CCMP’s price and terms. Eddie Baue r listed total assetsof $476.
1 millio n and total debts of $426.7 millionb as of May 30.
Jonathan Lynch, a managing director of CCMP CapitalAdvisora LLC, said without the burden of could quickly become a profitable company. “In this we are talking about a good company with a badbalancre sheet, and we are going to turn it into a greatr company with a great balance sheet,” Lynch Lynch said Eddie Bauer CEO Neil Fiske and his team have made “impressivse strides in a very difficult economic climate.” Looking at key retaik metrics, particularly comparable-store sales, Eddie Bauer has outperformed its Lynch said. Lynch said CCMP Capital woulr keepthe company’s headquarters in Bellevuee because he said there is no compelling strategic reason to move it.
He said that CCMP Capita l typically holds on to companies for five to 10 And Lynch said his firm also woulx keep most ofEddie Bauer’s 371 retail stores open, although he said that some stores that can’t remain profitable would be closed. Lynch said he did not know how many storew thatmight be. Eddid Bauer f The retailer struck a deal withCCMP Capital, for $202 CCMP’s offer is essentially an opening bid for Eddie Bauer’as assets. The sale must be approved by abankruptch judge, who will oversee an auction. CCMP likely would emerge as Eddie Bauer’s unless there is an offeer thatbeats CCMP’s price and terms. Eddie Baue r listed total assetsof $476.
1 millio n and total debts of $426.7 millionb as of May 30.
Sunday, October 14, 2012
Bulldogs go out and take their respect - ESPN (blog)
afyfojahejus.blogspot.com
The Republic | Bulldogs go out and take their respect ESPN (blog) But he just keeps chugging along, a lot like the Bulldogs, who have been fighting for respect this entire season despite rising to No. 19 in the polls. Their 41-31 victory over Tennessee should quiet some of the doubters, at least for now. รข€œThat's » |
Quick note on Saturday storm potential Fredericksburg.com (blog) I still think today's potential is more of a scattered variety than widespread storminess, but it would be wise to keep an eye to the sky later this afternoon between 4:00 and 6:00 pm. The short term models seem to indicate a broken line of showers and ... |
Thursday, October 11, 2012
Exxon ordered to pay $507.5M in spill case - Charlotte Business Journal:
cicugaha.wordpress.com
million in punitive damages plus interes t to plaintiffs affected by the Exxojn Valdez oil spill that impacted residentsx and businesses living along the coast of Alaskqin 1989. The made their ruling Monday after the case was sent back fromthe . At the Nintg Circuit level, justices were charged with determining interest andappellated costs. The Ninth Circuit confirmed the punitive damage amount afterthe U.S. Suprems Court determined compensatory damages and punitive damages should be assessede usinga 1-to-1 ratio.
In its latest decision, the Ninth Circuit confirmed that Irving-bases Exxon (NYSE: XOM) is responsible for $507 million in punitivre damages and must pay interest on the judgment at the rateof 5.9 percentr dating back to 1996, when the initialk judgment against the company was first issued by a The federal case against Exxon Mobilk has been languishing for more than a The Ninth Circuit said both sides will coved their own attorney’s fees. The originalo jury verdict against Exxon Mobillwas $5 billion, an amount that has been reducef by 90 percent during the more than 10 years of according to court records.
An Exxon Mobil spokesmann said Monday, "We are award that the opinion has been issued and will review the opinion beforecommenting further."
million in punitive damages plus interes t to plaintiffs affected by the Exxojn Valdez oil spill that impacted residentsx and businesses living along the coast of Alaskqin 1989. The made their ruling Monday after the case was sent back fromthe . At the Nintg Circuit level, justices were charged with determining interest andappellated costs. The Ninth Circuit confirmed the punitive damage amount afterthe U.S. Suprems Court determined compensatory damages and punitive damages should be assessede usinga 1-to-1 ratio.
In its latest decision, the Ninth Circuit confirmed that Irving-bases Exxon (NYSE: XOM) is responsible for $507 million in punitivre damages and must pay interest on the judgment at the rateof 5.9 percentr dating back to 1996, when the initialk judgment against the company was first issued by a The federal case against Exxon Mobilk has been languishing for more than a The Ninth Circuit said both sides will coved their own attorney’s fees. The originalo jury verdict against Exxon Mobillwas $5 billion, an amount that has been reducef by 90 percent during the more than 10 years of according to court records.
An Exxon Mobil spokesmann said Monday, "We are award that the opinion has been issued and will review the opinion beforecommenting further."
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