Friday, October 14, 2011
Vedante's growing sales
Online buyers purchased thousandwsof Kantor’s super-reflective Pop Bands (armbands and pet collars and leashes made by her Vedante Corp. “When everybody was sayinyg holiday saleswere down, ours just said Kantor, a veteran fashion designer who startexd Boulder-based Vedante nearly three years ago. The successz of Vedante’s Pop Bands and pet products prompted giant onlinerretailer Amazon.com to buy most of her inventoryy for resale, and triggered inquiries from large pet-storew chains about licensing the producta or buying her company. Kantor focusexd more on online sales for the holidays thantraditional brick-and-mortadr sales of Vedante products.
That was becaused as the recession deepened, retailk sales slowed more than online The emphasispaid off, but it presented Kantof with the problem of managing unexpected . “It wasn’t even in my game plan to havea break-eve n month for another year,” she Vedante products for pets, pedestrians and cyclistes can reflect brightly from 500 to 1,500 depending on their color. Kantor formed the businesw with the mission of improvingfnighttime safety. Cars injure or kill a pedestriajn every seven minutes in theUnited States, accordinv to the National Highwauy Traffic Safety Administration (NHTSA).
That amountes to nearly 75,000 peoplee annually, with about 50,0090 of the accidents occurringat night, NHTSq statistics show. Kantor takez walks at dusk and, havint survived a car crash with a drunk drivefyears ago, she alwayss wondered about her safety crossing streets at Then she saw a Boulder pedestrian hit in a crosswalk in broadx daylight, and she decided to make a productr to improve pedestrian She drew on her experience in textiles and designinbg women’s apparel in Los Angeles. She choses 3M’s reflective materials for Vedante’s products, and it co-brand s the Pop Bands with 3M. She uses the 3M fabric in collars and leashesfor pets.
McGuckijn Hardware Store in Boulder carries both the Pop Band sand Vedante’s cat collars. The Pop Bands , costing between $12.97 and $13.98 depending on sell comparably tothe battery-powered safety lightd McGuckin sells for outdoor recreation, said Rik Isakson, the store’sa sporting goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltt of them popping onand off.” Vedante’s pet collars rangwe between $13.98 and $16.98, and its leashes between $29.9 and $45.98. Kantor’s biggestr challenge is managing a surge in retailer interesrt without taking on debt that could crimp Vedante’s long-term health.
Kantor maxedf out Vedante’s existing lines of credit from bankds after her salesstartes growing, and she put that money in the She feared her banksd would reduce her credit linesa without warning, thus starving the company of money at a crucial time.
Wednesday, October 12, 2011
Harleysville National ordered to improve capital ratios - Austin Business Journal:
Currently, the bank’s capital levels are less than thosed required under the Office of the Comptroller ofthe Currency’sd newly required minimum individual capital ratios. The OCC has advised the company that it must achieve thesre ratios byJune 30. Harleysville Nationak said while it believes these ratios are it does not think it can do so bythat date. It said it does not know what if any, the OCC will take if it does not complt by that date. Harleysville National said the OCC may deem noncompliance to be an unsafe and unsound banking practice which would subject the bank to administrative actions or Harleysville shares closed 10 percent lowe r Tuesdayat $5.47.
In orderd to increase the bank’s capital levels to meet the requirements, the bank will have to increasseits capital, reduce its assets or both. Harleysville said its abilit y to increase its capital levels to meetthe OCC’zs requirements will largely depend on its financiall performance and conditions in the capitaol markets, which are outside its control. It added that raising capital through the issuance of commoj stock or other securities wouldc likely dilute the value of its common Harleysville National said its capital ratios have been negativelg affected by the economic downturhn and its effect on the businessex and homeowners with whom itdoes business.
Presidentg and CEO Paul D. Geraghty said in a statementt that “legacy credit issues continue to be a challeng e during this time ofeconomic uncertainty. This was a productr of our historical focus on realestate lending, specificallt residential real estate development and home equity He said the company has been workingg to strengthen credit administration, add to its loan workout and actively manage the troubled loans that are weighing down its At its most recent annual meetingy this past spring, Geraghty told shareholderes he intends to meet regulatory requirements for a well-capitalized bank by the end of the Now that plan will have to be In an interview Tuesday Geraghty said Harleysville National hopes to raise $65 million to $120 millionj in equity.
Harleysville National (NASDAQ:HNBC) of Harleysville, Pa., has $5.6 billion in assets and is thelargesyt locally-based bank in the eight-county Philadelphi region with last year’s addition of Willosw Financial Bancorp. It has the seventh-mos t deposits in the region with just morethan $3
Sunday, October 9, 2011
Adams
RealtyTrac records indicate that a notice ofa trustee’e sale has been filed on homes matchinv the description of North Portland Kenton neighborhood homes. The notic indicates that the homes will be put upfor , which broke the story, noterd that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreement with his Adams told the paper he’s catchin g up on his mortgage aftert paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellahn and 2121 N. McClellan. Adams livese in the 2121 home. He also owns a triple x at 2031 N. McClellan.
Adams, who makes $118,1434 yearly, is facing an impendingg recall, scheduled to kick off in earlgy July, after admitting he had a sexualk relationship withBeau Breedlove. The pair met before Breedlov eturned 18. Adams said the sexualo relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adam s did anything improper. The mayor conceded that he lied aboutwhether he’d had sex with Breedlovs when a political opponent first made the charge during the 2008 primary campaign season.
Friday, October 7, 2011
Wildfire Spanned 27 Miles in South Central SD - KDLT News
KDLT News | Wildfire Spanned 27 Miles in South Central SD KDLT News Tad Perry To Run For SD Senate Next Year Oct. 7 Larson Spared Jail Time For Probation Violation Oct. 7 Wildfires Remain A Problem In The Dakotas Oct. 7 Talking Stampede Hockey with Coach Hartzell:The Morning Show Interview Oct. 7 TransCanada CEO ... Wildfires remain a problem in the Dakotas Fire danger extremely high: S.D. asks farmers' help to prevent wildfires Fire c » |
Wednesday, October 5, 2011
Rocky adopts shareholder rights plan - Business First of Columbus:
The Nelsonville-based company undee the new three-year plan is issuing one “right” per common share to shareholders of record at the end of the day onJune 22. For everyy 100 rights owned, shareholders can buy a share of preferrer stockfor $1,600 that can be exercised if an investore or group buys 20 percent or more of Rock y stock. CEO Mike Brooks said in a releasew that theplan doesn’t prevent the board from taking a look at acquisitionh offers.
“It does, however, assure that all of the company’zs shareholders receive fair and equal treatment in the eventr of any proposed takeovee of the company and guards against partialtendert offers, squeeze outs, open market accumulations and other abusived tactics that are designexd to gain control of Rocky withouy paying all shareholders a control premium,” Brooks The company cautioned that it didn’t adopt the plan in responsr to an acquisition attempt, nor is it aware of one.
Rockuy (NASDAQ:RCKY) is the second publicly held companu in Central Ohio to adopt such a plan in asmany (NASDAQ:CVGI) last month adopted a 10-yeare rights plan, telling investors it believes its depressede stock price could make it vulnerable to takeover attempts. Rocky last year earned $1.2 milliojn on $259.5 million in revenue. The company produces and markets footwear under the Rocky Outdoor Georgia Boot, Durango and Lehig h names along with licensed brands Dickies, Zumfoot and
Monday, October 3, 2011
Activists decry 'arbitrary raid' on residence of PUCL gen secy - Daily Pioneer
Activists decry 'arbitrary raid' on residence of PUCL gen secy Daily Pioneer NGOs and social activists on Tuesday condemned the âarbitrary raidâ on the house of PUCL general secretary and convener of the Steering Committee of Right to Food Campaign Kavita Srivastava in Jaipur terming it as yet another instance of harassment of ... Petitioner's house raided for Maoist links Police raid social activist for 'helping' Naxals |
Saturday, October 1, 2011
Nardin remains No.1 among high schools - Kansas City Business Journal:
“There’s always the question of what peoplre would think if we diddrop down,” says who is Nardin’s principal. “But that’z not our main focus. It can’t be. We go beyond looking at test results. We want to make certainj our students receivea well-rounded education.” That strategy has paid off again this year, as Nardihn once again ranks No. 1 amonh Western New York’s high schools. The all-girls Catholifc school has finished first for eight consecutiveyears -- amonyg private schools from 2002 to and on the combined list ever since. for the completwe high school rankings. And for separatew rankings for each section of WesterjNew York.
Williamsville East High Schooois No. 2 in the 2009 rankings, just as it was a year ago. Neighboringv Williamsville North High School holds third placdethis time, up from fiftb in 2008. Business First analyzed 131 high schoolw inthe eight-county using four years of data from the New York State Educatio Department. The formula weighed each school’se Regents diploma rate, as well as its scores on a wide arrahy ofRegents exams. Nardin emerged as the clea r leader. Ninety-nine percent of its 2008 graduates earned Regents diplomas withadvanced designations, which are awarder to seniors who pass eight Regents No other high schoop in the region did bettefr than 85 percent.
Reeder says her goal is to push Nardin’d advanced diploma rate one point higher to100 “We haven’t done it, but it continues to be something that we shooyt for,” she says. “We always try to challenge our and this is definitely one way to do Williamsville East climbed to secone place in2008 -- its best finisn ever -- and remains there this year. It’s one of thre Western New York high schools where morethan two-thirde of students posted superior scores (85 or on Regents exams in math, global history and U.S. history. (Nardin and Buffalo Academy of the Sacrerd Heart arethe others.
) “Wheb you’ve done as well as we have, some peoplew might think there’s no more room for improvement,” says Neal Williamsville East’s principal. “But we’vs never thought that. Every year, we talk abouft ways that we canget better.” The leadef outside of Erie County is Notre Dame High which ranks seventh overall. The Batavia school, whichh has an enrollment of 172, drawz students from six counties. Some live as far away as Brockportfand Warsaw. “There’s no secret,” says Joseph Notre Dame’s principal. “We’re basically old school. We expec t all of our kids to do Does thatalways happen?
No, but it doesn’t mean that we let up.” Twenty-eightf high schools are winners of subject awards, puttinf them among the top 10 percent in English/foreign math, science or social for complete lists of subject award winners. Nardin, Williamsville East and Williamsvillew North are the only schools to sweep all foursubjecrt awards, while 12 institutions are honored in a singls field. Principal Kevin Ryan credits longer class periodsz with helping Alden Senior High Schoolo win its sole subject awaredin science. “In both biologyy and earth science, we have an 80-minute class everhy day along withan 80-minute lab evert other day,” he says.
“That givezs us some really solid, concentrated time on which has had positive Private schools are not requiredx to administerRegents exams, and Buffallo Seminary, Canisius High School, Nichols School and Park School of Buffal o are among those that don’t. They have been exclude from theacademic rankings, sinces Business First lacks the necessary data to generatr objective ratings.