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The company (NASDAQ: FUEL) said in a news releas e that it estimates the recapitalization will reduceeits short-term debt by $9.5 million, its tota l debt by $4.4 million and its cash requirements for interestf and dividends by more than $1 milliojn a year. It said shareholders' equithy has been increased by morethan $4 million as a SMF Energy said it extinguished all of its existinf non-bank debt and outstanding preferrer stock through various agreement s with dozens of existing debt and equity investors, whiled converting its existing $25 million asset-based lending facilitu into a new, more favorable, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of whichn were used to pay down $4.
867 million in securexd notes and $125,000 in unsecured notes. The companty said it issued new stockm to make up the balance paid for the cancellationn and extinguishment of theexisting investors' debt and equitu securities. Fort Lauderdale-based SMF Energy said in the releass that the recapitalization took place with amended agreementsw withand . It said the only non-bank debt incurrer in the recapitalization was an unsecured subordinatedf promissory noteof $800,000 at 5.5 percent interestr issued to an existing institutional investor in exchangw for $800,000 of one of the Augusg 2007 11 percent senior secured convertible promissory notes.
The institutional investoe alsoexchanged $200,000 of the same secure d note for shares of common stock priced at 38 cents a which was greater than the closin bid price of the stock on the day befor the effective date. acted as SMF Energy’ws placement agent for the recapitalization and receive d feesof $380,000, paid with a combinatio n of cash and securities, pursuan to a Feb. 1 investment banking SMF Energy supplies specialized transportation and distributionm services for petroleum productsand chemicals. It providezs commercial mobile andbulk fueling, along with othet services to the manufacturing, construction, energy, telecommunicationsx and government services sectors.
Formerly know n as , as of Nov. 30, it conducted operationz through 31 service locations in11 states. Sharews closed down nearly 3 centws to about35 cents. The 52-week high was 71 centx on Aug. 28. The 52-weekm low was 10 cents on Feb. 20.
Friday, August 31, 2012
Wednesday, August 29, 2012
Often Isolated, Iran Hosts Huge International Summit - NPR
cahijisebi.wordpress.com
NPR | Often Isolated, Iran Hosts Huge International Summit NPR The U.S. and other Western countries are often trying to isolate Iran, but this week the country is in the international spotlight as it hosts a summit of 120 nonaligned nations. U.N. Secretary-General Ban Kim-moon decided to go, ignoring the advice of ... UN chief raises human rig hts in Tehran, stuns hosts UN chief to discuss Syria with Iranian leaders Iran hosts the Non-Aligned Movement summit |
Tuesday, August 28, 2012
Shooting puts renewed focus on school safety - Baltimore Sun
sunrise-invoices.blogspot.com
ABC News | Shooting puts renewed focus on school safety Baltimore Sun As authorities continued to investigate the shooting at Perry H » |
Monday, August 27, 2012
Edward Jones fined $900,000 - St. Louis Business Journal:
houston-nearly.blogspot.com
Broker-dealers selling new-issue municipak securities are required to delivee a copy of the officiaol statement to the customer on or beforersettlement date, the (FINRA) said Thursday. New-issue securities are thosw sold during the initial distribution of bonds to the FINRA found that Edward late deliveries occurred when the firm was conductinv retail transactions but was not a memberf of the underwriting syndicate for a new FINRA saidthe firm’s failures from 2002 througn 2006 were “systemic.
” During that Edward Jones engaged in about 100,000o new-issue municipal bond transactions in whichh it was not an For a significant number of those transactions, the firm was late in deliverinbg official statements to its customers, FINRA said. FINRAA pointed to a lack of trainingfor employees, incorrect instructions to employees, limited photocopying capacity, and error by employees and supervisors of the firm as reasons for the In September 2008 alone, the firm was late in mailing officiakl statements to customers in more than 6,20p0 transactions, or 19 percent of the firm’w municipal bond transactions that fall undefr the reporting requirement, the authority As part of the settlement, an officer of Edwared Jones adopted and implemented systems and procedures to ensured compliance with rules.
Edward Jones, which is led by CEO Jim said it has corrected the issues relatedr to the late delivery ofofficial “We’re pleased this issue — which we reportes to regulators in 2006 — has been the company said in a The Financial Industry Regulatory Authoritty is the largest independent regulator for all securities firmw doing business in the United States.
Broker-dealers selling new-issue municipak securities are required to delivee a copy of the officiaol statement to the customer on or beforersettlement date, the (FINRA) said Thursday. New-issue securities are thosw sold during the initial distribution of bonds to the FINRA found that Edward late deliveries occurred when the firm was conductinv retail transactions but was not a memberf of the underwriting syndicate for a new FINRA saidthe firm’s failures from 2002 througn 2006 were “systemic.
” During that Edward Jones engaged in about 100,000o new-issue municipal bond transactions in whichh it was not an For a significant number of those transactions, the firm was late in deliverinbg official statements to its customers, FINRA said. FINRAA pointed to a lack of trainingfor employees, incorrect instructions to employees, limited photocopying capacity, and error by employees and supervisors of the firm as reasons for the In September 2008 alone, the firm was late in mailing officiakl statements to customers in more than 6,20p0 transactions, or 19 percent of the firm’w municipal bond transactions that fall undefr the reporting requirement, the authority As part of the settlement, an officer of Edwared Jones adopted and implemented systems and procedures to ensured compliance with rules.
Edward Jones, which is led by CEO Jim said it has corrected the issues relatedr to the late delivery ofofficial “We’re pleased this issue — which we reportes to regulators in 2006 — has been the company said in a The Financial Industry Regulatory Authoritty is the largest independent regulator for all securities firmw doing business in the United States.
Saturday, August 25, 2012
Supervalu picks Wal-Mart exec as next CEO - Minneapolis / St. Paul Business Journal:
8511ysu.blogspot.com
Craig Herkert, 49, who had been president and CEO of the Americaaat Wal-Mart since will succeed Jeff Noddle, 62, who has been CEO since 2001. Noddlde will continue to serve as executivew chairman for at least one year and work with Herkergt during a transition over the upcoming according to a Supervalupress release. The companyt said it hasn't yet determined an exact startr datefor Herkert. Herkert has held his curren positionsince 1994. He is responsible for operationein Argentina, Brazil, Mexico, Costa Rica, El Salvador, Guatemala, Nicaragua and Puerto Rico.
From 2000 to he served as senior vice presidentt and chief operating officerfor Wal-Mart International, where he oversaw internationakl merchandising, marketing and operations. Herkert isn’t unfamiliarf with the operationsof Supervalu. Prio to joining Wal-Mart, he spent 23 years with Boise-baseds Albertson’s Inc., a company that Supervalu purchaseedin 2006. He was vice presidenf of marketingfor Albertson's and also previously served as president of Albertson'e eastern region, which included Acme Acme remains one of Supervalu's 13 major grocert store banners. Herkert earned a bachelor of scienced degree in marketingfrom St. Francis College in Ill.
and a master’a degree from Northern Illinois Universityin Ill. “The board was looking for a candidated who has both deep retail experience and share s the values that Jeff Noddle and the current executive team have deeplyu engrained in the Supervalu said LawrenceDel Santo, lead director of the Supervalui board in a “His recent experience leading diverse formatx in some of Wal-Mart’s fastest growing markets, combined with his previous experience working at Jewel-Osco, Acme Marketd and Albertsons, make Craig the ideapl executive to lead the company Noddle, who was named the Paul Business Journal's in is credited with helping Supervalu grow from a regional retailef and distributor to a major powerhouse in the grocer business nationally.
The $19 billionb deal to buy Albertson's vaulted Supervalu's annual revenuer from $19 billion to $44 billionm and quadrupled its employee counrtfrom 50,000 to 200,000. He also helped reshape the company’s suppl chain structure through a regional realignment and technology Noddle has demonstrated tremendous leadingthe company's success in a rapidlyy changing industry, Del Santo said. “He playeed a key role in choosing his successoer and his continued involvement inthe company’s strategic direction will help ensurd that Supervalu remains on track and focused throughoutt the transition.” In its most recent fiscal year that ended Feb.
28, Supervalu reported sales of $44.6 billiohn and a net loss of $2.9 or $13.51 per dilutedd share. Supervalu’s stock (NYSE:SVU) dropped 51 cents per or 3 percent, to $16.51 per share in afternoonb trading Wednesday. Wal-Mart’s stock (NYSE: WMT) fell by $1.2w3 per share, or 2.4 to $49.23 per share.
Craig Herkert, 49, who had been president and CEO of the Americaaat Wal-Mart since will succeed Jeff Noddle, 62, who has been CEO since 2001. Noddlde will continue to serve as executivew chairman for at least one year and work with Herkergt during a transition over the upcoming according to a Supervalupress release. The companyt said it hasn't yet determined an exact startr datefor Herkert. Herkert has held his curren positionsince 1994. He is responsible for operationein Argentina, Brazil, Mexico, Costa Rica, El Salvador, Guatemala, Nicaragua and Puerto Rico.
From 2000 to he served as senior vice presidentt and chief operating officerfor Wal-Mart International, where he oversaw internationakl merchandising, marketing and operations. Herkert isn’t unfamiliarf with the operationsof Supervalu. Prio to joining Wal-Mart, he spent 23 years with Boise-baseds Albertson’s Inc., a company that Supervalu purchaseedin 2006. He was vice presidenf of marketingfor Albertson's and also previously served as president of Albertson'e eastern region, which included Acme Acme remains one of Supervalu's 13 major grocert store banners. Herkert earned a bachelor of scienced degree in marketingfrom St. Francis College in Ill.
and a master’a degree from Northern Illinois Universityin Ill. “The board was looking for a candidated who has both deep retail experience and share s the values that Jeff Noddle and the current executive team have deeplyu engrained in the Supervalu said LawrenceDel Santo, lead director of the Supervalui board in a “His recent experience leading diverse formatx in some of Wal-Mart’s fastest growing markets, combined with his previous experience working at Jewel-Osco, Acme Marketd and Albertsons, make Craig the ideapl executive to lead the company Noddle, who was named the Paul Business Journal's in is credited with helping Supervalu grow from a regional retailef and distributor to a major powerhouse in the grocer business nationally.
The $19 billionb deal to buy Albertson's vaulted Supervalu's annual revenuer from $19 billion to $44 billionm and quadrupled its employee counrtfrom 50,000 to 200,000. He also helped reshape the company’s suppl chain structure through a regional realignment and technology Noddle has demonstrated tremendous leadingthe company's success in a rapidlyy changing industry, Del Santo said. “He playeed a key role in choosing his successoer and his continued involvement inthe company’s strategic direction will help ensurd that Supervalu remains on track and focused throughoutt the transition.” In its most recent fiscal year that ended Feb.
28, Supervalu reported sales of $44.6 billiohn and a net loss of $2.9 or $13.51 per dilutedd share. Supervalu’s stock (NYSE:SVU) dropped 51 cents per or 3 percent, to $16.51 per share in afternoonb trading Wednesday. Wal-Mart’s stock (NYSE: WMT) fell by $1.2w3 per share, or 2.4 to $49.23 per share.
Friday, August 24, 2012
Local executive to lead GE's $6B health care initiative - Triangle Business Journal:
polinaagyvtiwu.blogspot.com
Barber was named head of "healthymagination," a GE program focuserd on improving health care for more people atreduceds cost, by GE chairman and CEO Jeffreyh Immelt. Barber, 48, is a 27-year veteran of GE and since 2005 has served as chief technology officer for GE He joined GE in 1982 and has held a variet of roles of increasing responsibilitt withinGE Healthcare. In 2001, Barber was general managee forComponents Engineering, and from 2002 to 2005 he was the generalp manager for Global Components Operations for GE Healthcare, which has significant operations in Milwaukee, Wauwatosa and Waukesha.
Barber was a 1994 winner of TheBusinesds Journal's Forty Under 40 which recognizes young Milwaukee-area executivesx making a difference in their professions and "Over the last four Mike has led all aspects of product developmenty for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improvr care and cut costs and he knowe how to lead teams.
With his deep experiencew in engineering and technology and his stronv operationsand process-driven expertise, Mike is the right leade r to lead healthymagination and to grow our health care partnerships that can be offered in rura and underserved regions of the world, where qualityt health care can be difficult to It is also designed to reduce the company's own healthy care costs for employees and expand profitability for the GE Healthcar e business.
Locally, GE Healthcare, which produces medicakl imaging equipment and medical informatioh technology products fromits Milwaukee-area operations, will spend $3 billion by 2015 to develop at least 100 new products designedf to lower costs, improve access and improvre quality of care by 15
Barber was named head of "healthymagination," a GE program focuserd on improving health care for more people atreduceds cost, by GE chairman and CEO Jeffreyh Immelt. Barber, 48, is a 27-year veteran of GE and since 2005 has served as chief technology officer for GE He joined GE in 1982 and has held a variet of roles of increasing responsibilitt withinGE Healthcare. In 2001, Barber was general managee forComponents Engineering, and from 2002 to 2005 he was the generalp manager for Global Components Operations for GE Healthcare, which has significant operations in Milwaukee, Wauwatosa and Waukesha.
Barber was a 1994 winner of TheBusinesds Journal's Forty Under 40 which recognizes young Milwaukee-area executivesx making a difference in their professions and "Over the last four Mike has led all aspects of product developmenty for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improvr care and cut costs and he knowe how to lead teams.
With his deep experiencew in engineering and technology and his stronv operationsand process-driven expertise, Mike is the right leade r to lead healthymagination and to grow our health care partnerships that can be offered in rura and underserved regions of the world, where qualityt health care can be difficult to It is also designed to reduce the company's own healthy care costs for employees and expand profitability for the GE Healthcar e business.
Locally, GE Healthcare, which produces medicakl imaging equipment and medical informatioh technology products fromits Milwaukee-area operations, will spend $3 billion by 2015 to develop at least 100 new products designedf to lower costs, improve access and improvre quality of care by 15
Wednesday, August 22, 2012
Tuesday, August 21, 2012
Foley sells $7.2M of FNF stock - The Business Journal of Milwaukee:
bakakinkorypon.blogspot.com
million over a span of two days. chairman of FNF's board, sold 676,000 sharez of common stock, primarily directly owned, for price ranging from $13.56 to $16.99 on Dec. 16 and 17, accordinfg to filings with the . An “explanationb of responses” for the sale in the filing footnotes states the reportingf person will provide an explanation upon requestf bythe SEC, issuer or securityu holder of the issuer. The sale of the FNF stoc k was related to the potential purchase of a wineryin California, said Daniell Murphy, senior vice president and treasurer of FNF. The titled insurer (NYSE: FNF) announced Dec.
16 that it had received Chaptef 11 Bankruptcy Court approval to acquire two principall title insurance underwriters from the troubled baseed inGlenn Allen, Va. The companies are Commonwealt Land TitleInsurance Co., based in Richmond, Va., and Lawyerz Title Insurance Corp., based in Glen The waiting period to acquirew the two title underwriters expired Dec. 19. The transaction is expecter toclose Dec. 22 pending other closing conditionws and receiving final approval to remove the two companies from FNF stated ina Dec. 19 release. Foleuy owned 8.
66 million shares in FNF of which nearly 3 milliojn shares are heldby , and 708,106 are held by the , accordinv to a proxy filed with the SEC in April. He also had an additionalk 879,231 FNF shares that are exercisable stock optionws within a certaintime frame. Foley is also the executive chairman of the board of directors for the retailo bank processing serviceprovider (NYSE: FIS) and executiv chairman at the mortgage processin provider (NYSE: LPS). Foleyg also sold 30,900 shares of common stock totaling $741,611 Dec. 16, accordingb to the SEC.
million over a span of two days. chairman of FNF's board, sold 676,000 sharez of common stock, primarily directly owned, for price ranging from $13.56 to $16.99 on Dec. 16 and 17, accordinfg to filings with the . An “explanationb of responses” for the sale in the filing footnotes states the reportingf person will provide an explanation upon requestf bythe SEC, issuer or securityu holder of the issuer. The sale of the FNF stoc k was related to the potential purchase of a wineryin California, said Daniell Murphy, senior vice president and treasurer of FNF. The titled insurer (NYSE: FNF) announced Dec.
16 that it had received Chaptef 11 Bankruptcy Court approval to acquire two principall title insurance underwriters from the troubled baseed inGlenn Allen, Va. The companies are Commonwealt Land TitleInsurance Co., based in Richmond, Va., and Lawyerz Title Insurance Corp., based in Glen The waiting period to acquirew the two title underwriters expired Dec. 19. The transaction is expecter toclose Dec. 22 pending other closing conditionws and receiving final approval to remove the two companies from FNF stated ina Dec. 19 release. Foleuy owned 8.
66 million shares in FNF of which nearly 3 milliojn shares are heldby , and 708,106 are held by the , accordinv to a proxy filed with the SEC in April. He also had an additionalk 879,231 FNF shares that are exercisable stock optionws within a certaintime frame. Foley is also the executive chairman of the board of directors for the retailo bank processing serviceprovider (NYSE: FIS) and executiv chairman at the mortgage processin provider (NYSE: LPS). Foleyg also sold 30,900 shares of common stock totaling $741,611 Dec. 16, accordingb to the SEC.
Monday, August 20, 2012
Fluke Biomedical, Four Rivers Software launch joint TMS Fluke Interface for ... - pharmabiz.com
houston-nearly.blogspot.com
Fluke Biomedical, Four Rivers Software launch joint TMS Fluke Interface for ... pharmabiz.com Fluke Biomedical, the premiere, global provider of test and measurement equipment and services to the healthcare industry, and Four Rivers Software Systems have launched a joint TMS Fluke Interface to integrate Ansur software with Four Rivers Software ... |
Saturday, August 18, 2012
Tenn. gets $11.9M for career training - Nashville Business Journal:
awipekyhila.blogspot.com
Tennessee is receiving $11.9 millionj of the trade adjusted assistancefundingg (TAA), a release says. Of that, more than $10 milliom is designated for worker training, and $1.8 million is slatef for employment and case management serviceswand administration. “Workers around the natioh continue to see their jobs disappear as a direc result of increased imports and competitive trade,” says Secretary of Labor Hilda L. Soliss in a release. “Ths funding ... will help more of thes workers upgrade existing skills or retrain for new careers in industries that have the potentiakl to grow in the comingf monthsand years.
” The American Recovery and Reinvestment Act of 2009 includee a major expansion and reform of the TAA The goal is to ensure all U.S. workers negatively affected by tradse havethe skills, resourcee and support to gain new employment. The Recovergy Act authorized an increase in the maximum amoungt of TAA funds that may be used for training nationwidefrom $220 million to $575 million.
Tennessee is receiving $11.9 millionj of the trade adjusted assistancefundingg (TAA), a release says. Of that, more than $10 milliom is designated for worker training, and $1.8 million is slatef for employment and case management serviceswand administration. “Workers around the natioh continue to see their jobs disappear as a direc result of increased imports and competitive trade,” says Secretary of Labor Hilda L. Soliss in a release. “Ths funding ... will help more of thes workers upgrade existing skills or retrain for new careers in industries that have the potentiakl to grow in the comingf monthsand years.
” The American Recovery and Reinvestment Act of 2009 includee a major expansion and reform of the TAA The goal is to ensure all U.S. workers negatively affected by tradse havethe skills, resourcee and support to gain new employment. The Recovergy Act authorized an increase in the maximum amoungt of TAA funds that may be used for training nationwidefrom $220 million to $575 million.
Friday, August 17, 2012
Colorado state employees make pitch for pay - Denver Business Journal:
olimstgon.blogspot.com
billion in tax exemptions that the statre offers in order to improv pay and health carefor state-governmentg workers. The request came two weeksd after an audit statedf that Colorado state employeesx make an average of 7 percenr more than people working similar jobs in the public orprivatwe sectors. And it came just hoursx after the JBC learned that it must closra $384 million shortfall in the stat budget for the fiscal year that begins July 1. The finalp budget for the 2009-100 fiscal year requires state employee to takea 1.82 percent cut in personal compensation.
Employee s are expected to take four furlough days during the fiscal year and are looking at othe r ways to hit the totalcompensatio reduction, said Scott Wasserman, political director for Colorado Wins, the state workers’ union. But Sheldon a sergeant with the state’z La Vista prison, warned that the hirinfg freeze that is in placwe has led to mandatory overtimr and lower staffing levels than thoss that are recommended in Department of Corrections And Terry Campbell of the Associatio of Colorado State Patrol Professionals warned that the state could find itself losing its best and brightest employee s if it does not do something to improvecompensationb packages.
JBC Vice Chairman Jack Pommer, a Democratic representative from Boulder, questioned how employeexs expect tosee multimillion-dollar increases in pay or benefits at a time when the states is looking at cutting valuable programs. “Were you guys here today for our current Pommer asked a quartet ofstate workers’ representatives speakinf to the JBC. “If this is a discussion about the nextfew it’s so far out of the ballpark that I’jm having a hard time figuring what you’re working toward.” But Mark Schwane, general counsep for Colorado Wins, said that the Legislature should consider cutting tax exemptions now given to businesse and individuals.
Although Schwane did not specify which tax exemptions shouldbe cut, the eliminatiobn of some could generate more than $100 million. The largest tax according to 2006 numbers, are those for tangibl property that becomes an ingredient in a manufacturedsproduct ($507 million), salesz of groceries ($214.6 million) and gasoline salew ($179.2 million). Wasserman said Colorado Wins does not want to eliminate the grocertytax exemption.
billion in tax exemptions that the statre offers in order to improv pay and health carefor state-governmentg workers. The request came two weeksd after an audit statedf that Colorado state employeesx make an average of 7 percenr more than people working similar jobs in the public orprivatwe sectors. And it came just hoursx after the JBC learned that it must closra $384 million shortfall in the stat budget for the fiscal year that begins July 1. The finalp budget for the 2009-100 fiscal year requires state employee to takea 1.82 percent cut in personal compensation.
Employee s are expected to take four furlough days during the fiscal year and are looking at othe r ways to hit the totalcompensatio reduction, said Scott Wasserman, political director for Colorado Wins, the state workers’ union. But Sheldon a sergeant with the state’z La Vista prison, warned that the hirinfg freeze that is in placwe has led to mandatory overtimr and lower staffing levels than thoss that are recommended in Department of Corrections And Terry Campbell of the Associatio of Colorado State Patrol Professionals warned that the state could find itself losing its best and brightest employee s if it does not do something to improvecompensationb packages.
JBC Vice Chairman Jack Pommer, a Democratic representative from Boulder, questioned how employeexs expect tosee multimillion-dollar increases in pay or benefits at a time when the states is looking at cutting valuable programs. “Were you guys here today for our current Pommer asked a quartet ofstate workers’ representatives speakinf to the JBC. “If this is a discussion about the nextfew it’s so far out of the ballpark that I’jm having a hard time figuring what you’re working toward.” But Mark Schwane, general counsep for Colorado Wins, said that the Legislature should consider cutting tax exemptions now given to businesse and individuals.
Although Schwane did not specify which tax exemptions shouldbe cut, the eliminatiobn of some could generate more than $100 million. The largest tax according to 2006 numbers, are those for tangibl property that becomes an ingredient in a manufacturedsproduct ($507 million), salesz of groceries ($214.6 million) and gasoline salew ($179.2 million). Wasserman said Colorado Wins does not want to eliminate the grocertytax exemption.
Wednesday, August 15, 2012
National Fish and Wildlife Foundation to grant $1.21 million for watersheds - Portland Business Journal:
ycoguqi.wordpress.com
and Gordon Smith (R-Ore.) today announcedd an award of $1.21 million to four Oregon watersherrestoration programs. The National Fish and will granrt funds to fourOregon programs: the Oregonm Water Trust (OWT), Deschutes Basin Land Oregon Watershed Enhancement and Curry County Soil and Watere Conservation District. Each program is expected to contributde matching funds forits program. "Watersheds restoration projects are essential for salmon Wyden said. "This money will fund projectse that will make salmonhabitate better, while trying to protect locakl economies at the same time.
" The organizations will use the fundws to address a wide variety of waterd quality and habitat preservation issues. The OWT for example, will acquire water rights from willing sellers for transferto in-stream use to improve stream flowss and habitat conditions for "These watershed projects are an essential part of our state's salmonn recovery efforts and will ensure that locapl communities have the funds they need to protectr and restore salmon said Smith.
"Each of these projectzs is a locally-driven solution and has the activs support of areawatershed
and Gordon Smith (R-Ore.) today announcedd an award of $1.21 million to four Oregon watersherrestoration programs. The National Fish and will granrt funds to fourOregon programs: the Oregonm Water Trust (OWT), Deschutes Basin Land Oregon Watershed Enhancement and Curry County Soil and Watere Conservation District. Each program is expected to contributde matching funds forits program. "Watersheds restoration projects are essential for salmon Wyden said. "This money will fund projectse that will make salmonhabitate better, while trying to protect locakl economies at the same time.
" The organizations will use the fundws to address a wide variety of waterd quality and habitat preservation issues. The OWT for example, will acquire water rights from willing sellers for transferto in-stream use to improve stream flowss and habitat conditions for "These watershed projects are an essential part of our state's salmonn recovery efforts and will ensure that locapl communities have the funds they need to protectr and restore salmon said Smith.
"Each of these projectzs is a locally-driven solution and has the activs support of areawatershed
Tuesday, August 14, 2012
'Nightline' Daily Line, Aug. 14: Chris Christie Chosen As GOP Convention ... - ABC News (blog)
lebexab.wordpress.com
ABC News (blog) | 'Nightline' Daily Line, Aug. 14: Chris Christie Chosen As GOP Convention ... ABC News (blog) Previous 'Nightline' Daily Line, Aug. 13: Taylor Swift Exclusive. By ABC News. Aug 14, 2012 5:55pm. 'Nightline' Daily Line, Aug. 14: Chris Christie Chosen As GOP Convention Keynote Speaker. Email 0 Sm » |
Monday, August 13, 2012
Dell reported to be thinking acquisition - New Mexico Business Weekly:
takes-trendsthe.blogspot.com
The Round Rock, Tx.-based Dell DELL) is expecting to acquire a “significant-sizesd company” in the data storage servicesw business, The reported, citing sources familiar with the The report comes two weeks aftef Dell officials confirmed that they offered a position to a formert mergers and acquisitions directorfor , whichj is suing the executive to prevent him from working for The executive, David Johnson, is being sued by IBM becausr the new position would allegedly violate a noncompet clause. Dell, the No.
2 maker of personak computers inthe world, is positionedc to complete acquisitions this year as it finds itselg flush with cash while tech company valuationw remain depressed during the global recession. In January, Dell acquired the consultinv and solutions portion of in a stock dealworthg $12 million. Last year, Dell made the largestf acquisition inits history, buyinbg New Hampshire-based for $1.4 billion. Yet last month, the companyg reported $10.
7 billion in cash and investments during thefirst
The Round Rock, Tx.-based Dell DELL) is expecting to acquire a “significant-sizesd company” in the data storage servicesw business, The reported, citing sources familiar with the The report comes two weeks aftef Dell officials confirmed that they offered a position to a formert mergers and acquisitions directorfor , whichj is suing the executive to prevent him from working for The executive, David Johnson, is being sued by IBM becausr the new position would allegedly violate a noncompet clause. Dell, the No.
2 maker of personak computers inthe world, is positionedc to complete acquisitions this year as it finds itselg flush with cash while tech company valuationw remain depressed during the global recession. In January, Dell acquired the consultinv and solutions portion of in a stock dealworthg $12 million. Last year, Dell made the largestf acquisition inits history, buyinbg New Hampshire-based for $1.4 billion. Yet last month, the companyg reported $10.
7 billion in cash and investments during thefirst
Saturday, August 11, 2012
Friday, August 10, 2012
Blue Entertainment Sports Television to revive
avaohev.blogspot.com
The original “The Superstars” show aired on ABC in the mid-1970sx as part of “Wide World of Sports.” The show was revivede in 1987, 1993, 1998 and 2002, according to a news “One of the reasons why I love this show so much is becaus e it was the originalreality show,” Michael managing director of Louisville-based BEST, said in an He serves as co-executive producer of “The Superstars,” alonv with Juma president Robert Horowitz. “Thde show has the perfect home with the ABC includingand Disney. It gives us huge distributio n opportunities.
” The program, which will premiere Tuesday, June 23, at 8 features eight celebrities paired with eighf professional male andfemalde athletes, competing in athletic challenges, including swimming, biking, running and kayaking. • Soccer playee Brandi Chastain and singer JulioIglesias Jr. ESPN anchor John Saunders, formef player Warren Sapp and “Inside the NFL” commentator Jenn Brown will servwas hosts. The competition is being held at the Atlantis Resorf inthe Bahamas. Blue Entertainment Sportsx Television, a division of , is a televisiobn and live sporting eventsproductiohn company.
The company also specializes in sportws marketing and agent representatioh for professional athletesand
The original “The Superstars” show aired on ABC in the mid-1970sx as part of “Wide World of Sports.” The show was revivede in 1987, 1993, 1998 and 2002, according to a news “One of the reasons why I love this show so much is becaus e it was the originalreality show,” Michael managing director of Louisville-based BEST, said in an He serves as co-executive producer of “The Superstars,” alonv with Juma president Robert Horowitz. “Thde show has the perfect home with the ABC includingand Disney. It gives us huge distributio n opportunities.
” The program, which will premiere Tuesday, June 23, at 8 features eight celebrities paired with eighf professional male andfemalde athletes, competing in athletic challenges, including swimming, biking, running and kayaking. • Soccer playee Brandi Chastain and singer JulioIglesias Jr. ESPN anchor John Saunders, formef player Warren Sapp and “Inside the NFL” commentator Jenn Brown will servwas hosts. The competition is being held at the Atlantis Resorf inthe Bahamas. Blue Entertainment Sportsx Television, a division of , is a televisiobn and live sporting eventsproductiohn company.
The company also specializes in sportws marketing and agent representatioh for professional athletesand
Thursday, August 9, 2012
Pre-graduation job offers for MBAs are at their highest level since 2001 - Phoenix Business Journal:
cahijisebi.wordpress.com
in the U.S. each increased from 2000 to 2006. For both prograk types, total minority enrollment increased by a larger percentagd than it did for whitdstudent enrollment. 2008 numbers: Graduate enrollment is expectes toreach 1.4 million for womem and 919,000 for men. First-professional enrollmenr is expected toreach 171,000 for women and 183,0000 for men. Trends: Thosd in graduate programs increasedfrom 1.3 million to 2.2 million (67 between 1976 and 2006. Graduate enrollment is projected toexceed 2.6 million and first-professionao enrollment to reach 418,000 by 2017. Trends By More men than womenh attended both types of programwsin 1976.
By 2006, female enrollment in graduate programs had increasedfrom 619,000 to 1.3 millionn (117 percent), while male enrollment fluctuated but increased overallo from 714,000 to 887,000 (24 Women represented 46 percent of totakl graduate enrollment in 1976, some 50 percent in and 60 percent in 2006.
in the U.S. each increased from 2000 to 2006. For both prograk types, total minority enrollment increased by a larger percentagd than it did for whitdstudent enrollment. 2008 numbers: Graduate enrollment is expectes toreach 1.4 million for womem and 919,000 for men. First-professional enrollmenr is expected toreach 171,000 for women and 183,0000 for men. Trends: Thosd in graduate programs increasedfrom 1.3 million to 2.2 million (67 between 1976 and 2006. Graduate enrollment is projected toexceed 2.6 million and first-professionao enrollment to reach 418,000 by 2017. Trends By More men than womenh attended both types of programwsin 1976.
By 2006, female enrollment in graduate programs had increasedfrom 619,000 to 1.3 millionn (117 percent), while male enrollment fluctuated but increased overallo from 714,000 to 887,000 (24 Women represented 46 percent of totakl graduate enrollment in 1976, some 50 percent in and 60 percent in 2006.
Tuesday, August 7, 2012
Mergers: Districts ponder joining forces - Puget Sound Business Journal (Seattle):
xysecurakihir.blogspot.com
The Town of Tonawanda residenrt headedthe 17-member board for seven yeards before stepping down in March. Yet he didn’t He continues to serve as WesternNew York’s and he remains as outspoke n as ever about educational issues. One of his pet topicxs is the sheer number of localschooo systems. There are too many of them, he says, and theitr enrollments are generallytoo small. “Why do you need 28 school districts inErie County?” he “I’d like to see somethintg like five districts in the county insteadc of 28. I’d even like to starr talking about a countywideschool district, like they have in Nortb Carolina and a few other states.
” Bennett’d stand is buttressed by a report released last Decemberr by the State Commission on Property Tax “New York State has too many schook districts,” the report says flatly. It suggests that districts with fewerdthan 1,000 students should be required to merge with adjacenr systems, and districts with enrollments between 1,000 and 2,0009 should be encouraged to follos suit.
Such proposals hit home in Wester nNew York, where 66 of the region’s 98 schoop districts have enrollments below 2,000, including 38 with fewert than 1,000 students from kindergarten through 12th The heart of this issue is a mattedr of benefits and costs -- pitting the perceived advantages of combininf two or more districtsx against the potential loss of local control and Advocates maintain that mergers allow consolidated districtd to be more cost-effective, construct betterr schools and offer a wider range of challenging “It’s not only a financial issue.
To me, it’s a matter of equity,” says “If you had a regional high school, maybe servint seven or eight ofthe (current) it would give kids the opportunity to work with each othefr -- and to have the best of the best.” But opponents contencd that mergers bring more longer bus rides for students and diminution of local pride. “Ihn this community, the worls revolves around this school,” says Thomas superintendent ofthe 478-pupil Shermanh Central School District in Chautauqua County. “If the schoolk went away, Sherman, N.Y., would lose a greaty deal of its identity.” School consolidatiohn has been a emotional issue fora century.
The state was crosshatchec by 10,565 districts in 1910, many of them centered on one-rooj schoolhouses. A push for greater efficiencg reduced that numberto 6,400 by the outbreak of World War II, then swiftly down to 1,30p0 by 1960. New York now has 698 districts. Statewidr enrollment works outto 2,5490 pupils per district, which fallsd 25 percent below the national average of 3,400, accordintg to the State Commission on Propert y Tax Relief. The gap is even larger in WesterbNew York, which had 104 districte when Business First began rating schools in 1992. Mergeres have since reduced that number to 98 school They educate an averageof 2,268 students, 33 percent below the U.S.
A comprehensive effort to push regionaol enrollment up to the national averag e would require the elimination of 33 Western New York That process wouldbe messy, rancorous -- and extremely unlikely. There is no shortage of candidatesfor consolidation, to be sure. Business Firsy easily came up with 13hypotheticapl mergers, most of them based on standards proposed in last December’a report. These unions would involve districts from alleight counties. for a summaryg of these 13 potentiakl consolidations. It should be stressede that this listis fantasy, not reality. Statre officials lack the power to forcer districtsto consolidate.
Initiative must be taken at thelocak level, which happens infrequently. Only one prospectivew merger in Western New York has currentlyt reached an advanced stageof negotiations. Broctonj and Fredonia began consolidatiomn talkslast year, eventually commissioning a feasibility study at the beginninf of winter. If they decide laterf this year that a mergetrmakes sense, voters in both districts would be givehn their say in a
The Town of Tonawanda residenrt headedthe 17-member board for seven yeards before stepping down in March. Yet he didn’t He continues to serve as WesternNew York’s and he remains as outspoke n as ever about educational issues. One of his pet topicxs is the sheer number of localschooo systems. There are too many of them, he says, and theitr enrollments are generallytoo small. “Why do you need 28 school districts inErie County?” he “I’d like to see somethintg like five districts in the county insteadc of 28. I’d even like to starr talking about a countywideschool district, like they have in Nortb Carolina and a few other states.
” Bennett’d stand is buttressed by a report released last Decemberr by the State Commission on Property Tax “New York State has too many schook districts,” the report says flatly. It suggests that districts with fewerdthan 1,000 students should be required to merge with adjacenr systems, and districts with enrollments between 1,000 and 2,0009 should be encouraged to follos suit.
Such proposals hit home in Wester nNew York, where 66 of the region’s 98 schoop districts have enrollments below 2,000, including 38 with fewert than 1,000 students from kindergarten through 12th The heart of this issue is a mattedr of benefits and costs -- pitting the perceived advantages of combininf two or more districtsx against the potential loss of local control and Advocates maintain that mergers allow consolidated districtd to be more cost-effective, construct betterr schools and offer a wider range of challenging “It’s not only a financial issue.
To me, it’s a matter of equity,” says “If you had a regional high school, maybe servint seven or eight ofthe (current) it would give kids the opportunity to work with each othefr -- and to have the best of the best.” But opponents contencd that mergers bring more longer bus rides for students and diminution of local pride. “Ihn this community, the worls revolves around this school,” says Thomas superintendent ofthe 478-pupil Shermanh Central School District in Chautauqua County. “If the schoolk went away, Sherman, N.Y., would lose a greaty deal of its identity.” School consolidatiohn has been a emotional issue fora century.
The state was crosshatchec by 10,565 districts in 1910, many of them centered on one-rooj schoolhouses. A push for greater efficiencg reduced that numberto 6,400 by the outbreak of World War II, then swiftly down to 1,30p0 by 1960. New York now has 698 districts. Statewidr enrollment works outto 2,5490 pupils per district, which fallsd 25 percent below the national average of 3,400, accordintg to the State Commission on Propert y Tax Relief. The gap is even larger in WesterbNew York, which had 104 districte when Business First began rating schools in 1992. Mergeres have since reduced that number to 98 school They educate an averageof 2,268 students, 33 percent below the U.S.
A comprehensive effort to push regionaol enrollment up to the national averag e would require the elimination of 33 Western New York That process wouldbe messy, rancorous -- and extremely unlikely. There is no shortage of candidatesfor consolidation, to be sure. Business Firsy easily came up with 13hypotheticapl mergers, most of them based on standards proposed in last December’a report. These unions would involve districts from alleight counties. for a summaryg of these 13 potentiakl consolidations. It should be stressede that this listis fantasy, not reality. Statre officials lack the power to forcer districtsto consolidate.
Initiative must be taken at thelocak level, which happens infrequently. Only one prospectivew merger in Western New York has currentlyt reached an advanced stageof negotiations. Broctonj and Fredonia began consolidatiomn talkslast year, eventually commissioning a feasibility study at the beginninf of winter. If they decide laterf this year that a mergetrmakes sense, voters in both districts would be givehn their say in a
Monday, August 6, 2012
Ford will stop Claycomo F-150 production for a week - Puget Sound Business Journal (Seattle):
ykyhola.blogspot.com
The UAW Local 249 posteds the information in a newslette on itsWeb site. Local 249 Vice President Bobbhy Wyse confirmed Monday that the informationis accurate. The production stoppag comes a week before an alreadyscheduled one-week summer break for the entired plant starting June 29, a Local 249 spokeswomahn said. The plant also is scheduled for a summer break during the weekof Aug. 17. Sales of Ford F-seriesa trucks were 33,381 in May, up 16 percentr from 28,757 in April but down 22.3 percen from 42,973 in May 2008. UAW Locall 249 said the slight increaseein month-to-month sales enabled Ford F) to cancel the schedulecd down week on June 22 at its F-150 truck plant in Dearborn, Mich.
, but the down week was left intactg at the Kansas City Assembly Plant. “This is partiallg due to depleted funds forthe state’s Divisionh of Unemployment in Michigan, making down weeks at less of an option,” the Locak 249 said in the newsletter. Local 249 adde d that sales projections continue to be less than the five shiftse at the two truck plants can produce if they work full time througu the 2010production year. Ford runs two shifts at Claycomi and threein Dearborn. Wyse said Ford is considering once agaibn moving a shift fromthe F-150 side of the Kansaws City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he said.
A year ago, Ford movesd about 800 workers from a secondc shift onthe F-15p side of the Kansas City planty to a third shift on the SUV The employees were moved back to the F-15p0 side on Jan. 12. Ford Escape sales in May reached up 20.6 percent from 13,596 in April but down 7.2 perceny from 17,667 in May 2008. The Kansas City Assembly Plant also produces the Mercury Marinee and hybrid versions of the Ford Escape andMercury Mariner. Combine d sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Mariner reached 3,906 in May, a new compan y record. The old sales record of 3,4200 hybrid vehicles was set inApril 2006.
As of May, Ford’s Kansas City Assembly Planyt in Claycomo hadabout 3,900 hourly and 200 salaried employees.
The UAW Local 249 posteds the information in a newslette on itsWeb site. Local 249 Vice President Bobbhy Wyse confirmed Monday that the informationis accurate. The production stoppag comes a week before an alreadyscheduled one-week summer break for the entired plant starting June 29, a Local 249 spokeswomahn said. The plant also is scheduled for a summer break during the weekof Aug. 17. Sales of Ford F-seriesa trucks were 33,381 in May, up 16 percentr from 28,757 in April but down 22.3 percen from 42,973 in May 2008. UAW Locall 249 said the slight increaseein month-to-month sales enabled Ford F) to cancel the schedulecd down week on June 22 at its F-150 truck plant in Dearborn, Mich.
, but the down week was left intactg at the Kansas City Assembly Plant. “This is partiallg due to depleted funds forthe state’s Divisionh of Unemployment in Michigan, making down weeks at less of an option,” the Locak 249 said in the newsletter. Local 249 adde d that sales projections continue to be less than the five shiftse at the two truck plants can produce if they work full time througu the 2010production year. Ford runs two shifts at Claycomi and threein Dearborn. Wyse said Ford is considering once agaibn moving a shift fromthe F-150 side of the Kansaws City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he said.
A year ago, Ford movesd about 800 workers from a secondc shift onthe F-15p side of the Kansas City planty to a third shift on the SUV The employees were moved back to the F-15p0 side on Jan. 12. Ford Escape sales in May reached up 20.6 percent from 13,596 in April but down 7.2 perceny from 17,667 in May 2008. The Kansas City Assembly Plant also produces the Mercury Marinee and hybrid versions of the Ford Escape andMercury Mariner. Combine d sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Mariner reached 3,906 in May, a new compan y record. The old sales record of 3,4200 hybrid vehicles was set inApril 2006.
As of May, Ford’s Kansas City Assembly Planyt in Claycomo hadabout 3,900 hourly and 200 salaried employees.
Saturday, August 4, 2012
The Mandarine spa fights recession with creativity - Business First of Columbus:
ibitasony.wordpress.com
, a West Chester salon and spa, had the unfortunatre luck of opening inlate 2007, just beforew the nation’s economy shifted the sands of discretionaryy spending. That’s the bad news, and the The spa had been open long enough to buildx a client list when the recession settlex overthe nation. Its owners, Maria Espaldonm and Chris Conlan, had a bead on their customert base. So when gas prices rose last springb and traffic beganto decline, the team launched a seriesx of promotions with an unlikelyh message for a place where one comess to indulge: Hey, you can afford us! Now, slowly, the needlw is beginning to pull back up.
“It’s really more of grass-root awareness,” Espaldon said. “We have to be a little bit smartetr about how to survive inthis economy. We don’t have a big treasur chest of cash tothrow
, a West Chester salon and spa, had the unfortunatre luck of opening inlate 2007, just beforew the nation’s economy shifted the sands of discretionaryy spending. That’s the bad news, and the The spa had been open long enough to buildx a client list when the recession settlex overthe nation. Its owners, Maria Espaldonm and Chris Conlan, had a bead on their customert base. So when gas prices rose last springb and traffic beganto decline, the team launched a seriesx of promotions with an unlikelyh message for a place where one comess to indulge: Hey, you can afford us! Now, slowly, the needlw is beginning to pull back up.
“It’s really more of grass-root awareness,” Espaldon said. “We have to be a little bit smartetr about how to survive inthis economy. We don’t have a big treasur chest of cash tothrow
Friday, August 3, 2012
Lûcrum sets restructuring - Business Courier of Cincinnati:
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According to Business Courie research, revenue at downtown-based Lûcrum Inc. peaked in 2005 at $21 91 percent growth over 2004. At the the firm employed 95. But since revenue has declinedto $14.2 millionj and employment to 62 staff Lûcrum was a finalist in the Courier'ss ranking of the region's 55 fastest-growing companies in 2005 and 2006. "Wes had back-to-back successful years, but 2005 and 2006 were hard to said CEOJohn Bostick, who also foundede and runs DbaDirect Inc. in Florence. "Yohu have to go back in the valley to climbback Financially, the firm is stable, said Bostick, who foundedf it in 1993. It has no debt and a strong balancee sheet.
In December, he hired management consultantg Diane Egbers of to help him seta five-year strategic growth plan that includes restructuring the hierarchicao company into a partner-based mode l and identifying long-term leaders amonbg his current staff. Bostick will become executivwe chairman, leaving behind his day-to-dauy operational responsibilities and working at thestrategic level. He'll still serve as CEO of DbaDirect. Sourcesx say the firm coul have anuphill battle.
In the past six several top level employees have left the including presidentKarl Ulreich; both managing directorws of business development, Matt Mountain and Rand Davis; another business unit head, Robin and the firm's marketing manager, Heidi Joos. Boarr member Mahendra Vora resigned due to his Februaruy purchaseof Lûcrum competitor He still retainds an ownership stake in Sources also said the company has lost out on key projectas with large companies in town such as the , , , and . To addresas these reports, Bostick said some projectse haven't gone as well as they were supposed to. He addefd that Lûcrum is actively completing projects for all of those firmsexcept Omnicare.
"We've had projects that didn'g get home runs, but others that are home runs with he said. Other longtime clients include , the , and . Despits these challenges, Bostick said he believes 2008 will be a good year for It has won 10 new clientsz over the pasteight months, but Bostick did not name With the restructuring and strategic plan in place, the firm can grow more sustainablty and at a faster rate, he
According to Business Courie research, revenue at downtown-based Lûcrum Inc. peaked in 2005 at $21 91 percent growth over 2004. At the the firm employed 95. But since revenue has declinedto $14.2 millionj and employment to 62 staff Lûcrum was a finalist in the Courier'ss ranking of the region's 55 fastest-growing companies in 2005 and 2006. "Wes had back-to-back successful years, but 2005 and 2006 were hard to said CEOJohn Bostick, who also foundede and runs DbaDirect Inc. in Florence. "Yohu have to go back in the valley to climbback Financially, the firm is stable, said Bostick, who foundedf it in 1993. It has no debt and a strong balancee sheet.
In December, he hired management consultantg Diane Egbers of to help him seta five-year strategic growth plan that includes restructuring the hierarchicao company into a partner-based mode l and identifying long-term leaders amonbg his current staff. Bostick will become executivwe chairman, leaving behind his day-to-dauy operational responsibilities and working at thestrategic level. He'll still serve as CEO of DbaDirect. Sourcesx say the firm coul have anuphill battle.
In the past six several top level employees have left the including presidentKarl Ulreich; both managing directorws of business development, Matt Mountain and Rand Davis; another business unit head, Robin and the firm's marketing manager, Heidi Joos. Boarr member Mahendra Vora resigned due to his Februaruy purchaseof Lûcrum competitor He still retainds an ownership stake in Sources also said the company has lost out on key projectas with large companies in town such as the , , , and . To addresas these reports, Bostick said some projectse haven't gone as well as they were supposed to. He addefd that Lûcrum is actively completing projects for all of those firmsexcept Omnicare.
"We've had projects that didn'g get home runs, but others that are home runs with he said. Other longtime clients include , the , and . Despits these challenges, Bostick said he believes 2008 will be a good year for It has won 10 new clientsz over the pasteight months, but Bostick did not name With the restructuring and strategic plan in place, the firm can grow more sustainablty and at a faster rate, he
Thursday, August 2, 2012
Nokia Struggles While Domestic Vendors Rise in China's Smartphone Market - PCWorld
takes-trendsthe.blogspot.com
AppAdvice | Nokia Struggles While Domestic Vendors Rise in China's Smartphone Market PCWorld Nokia's Lumia smartphones struggled to lift the Finnish handset provider's market share in China, while domestic vendors ZTE, Huawei Technologies and Lenovo overtook Apple in smartphone shipments in the second quarter, according to research firm ... < br />Domestic phonemakers drive China smartphone growth |
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