Washington Post | Iowa players to be sidelined until kidney function improves msnbc.com ... explained that the players will not be permitted to return to workouts until blood tests show their kidney function has returned to acceptable levels. ... Hawkeyes must pass blood tests to return |
Monday, January 31, 2011
Iowa players to be sidelined until kidney function improves - msnbc.com
manuscripts-shuwatu.blogspot.com
Saturday, January 29, 2011
Virginia offers employees $500 loans - Philadelphia Business Journal:
coras-newport.blogspot.com
The governor’s office has establishef the Virginia State EmployeeLoan Program, a partnership betweenm the Commonwealth of Virginia Campaign and Virgini Credit Union. Loans are available in amountsxbetween $100 and $500 to statee employees facing financial difficulties. In order to qualifyy for the loans, state employees must complet an online financial fitness course and pass abrief “This program will allow our states employees to receive small loand without having to go to predatory Governor Kaine said in a statement.
“If the Commonwealth can offef this kindof program, other large employerz may consider similar initiatives of their The loans don’t require a credit check, but won’t come They will carry an interesgt rate of 24.99 percent and be payable withinh six months. Employees must also belong to Virginiq Credit Union and have a savings account with a balance of atleasft $5. Loans will be backefd by the Virginia State EmployeedAssistance Fund.
The governor’s office has establishef the Virginia State EmployeeLoan Program, a partnership betweenm the Commonwealth of Virginia Campaign and Virgini Credit Union. Loans are available in amountsxbetween $100 and $500 to statee employees facing financial difficulties. In order to qualifyy for the loans, state employees must complet an online financial fitness course and pass abrief “This program will allow our states employees to receive small loand without having to go to predatory Governor Kaine said in a statement.
“If the Commonwealth can offef this kindof program, other large employerz may consider similar initiatives of their The loans don’t require a credit check, but won’t come They will carry an interesgt rate of 24.99 percent and be payable withinh six months. Employees must also belong to Virginiq Credit Union and have a savings account with a balance of atleasft $5. Loans will be backefd by the Virginia State EmployeedAssistance Fund.
Wednesday, January 26, 2011
Equitable Building auctioned for $30M - Silicon Valley / San Jose Business Journal:
pipeline-operates.blogspot.com
The new owner, , an affiliatwe of Capmark Bank, bought the 33-story toweer for $29.5 million, said attorneyy William Rothschild, with law firm . Sutherlandf was representing the lender, , whicu was foreclosing on the Equitable Capmark was the only biddere onEquitable Building, as most commercial real estatwe observers expected. Equitable's former owner, San Diego-based , paid about $57 million to acquire the buildinggin 2007, but its value plummeted to $42 million by earl y 2009.
Equastone received 90 percent financing from Capmark toacquires Equitable, but plans to stabilize the building's occupancy and turn it into an income-producing asset never materialized amid the worst commercial real estate crisisd in 20 years. The towed -- designed by renowned architecturalfirm -- has remainexd about half occupied this year. is managing and leasinfg the building. It's expected to cour t the Fulton Countypublic defender’x office, which is seeking at least a 50,000-square-footf lease downtown. The public defender's officer was looking at the Equitable Building, but the financialk crisis facing the tower helped derailthe move.
Rothschilf was assisted in the transactionby Sutherland'd Jason Kirkham.
The new owner, , an affiliatwe of Capmark Bank, bought the 33-story toweer for $29.5 million, said attorneyy William Rothschild, with law firm . Sutherlandf was representing the lender, , whicu was foreclosing on the Equitable Capmark was the only biddere onEquitable Building, as most commercial real estatwe observers expected. Equitable's former owner, San Diego-based , paid about $57 million to acquire the buildinggin 2007, but its value plummeted to $42 million by earl y 2009.
Equastone received 90 percent financing from Capmark toacquires Equitable, but plans to stabilize the building's occupancy and turn it into an income-producing asset never materialized amid the worst commercial real estate crisisd in 20 years. The towed -- designed by renowned architecturalfirm -- has remainexd about half occupied this year. is managing and leasinfg the building. It's expected to cour t the Fulton Countypublic defender’x office, which is seeking at least a 50,000-square-footf lease downtown. The public defender's officer was looking at the Equitable Building, but the financialk crisis facing the tower helped derailthe move.
Rothschilf was assisted in the transactionby Sutherland'd Jason Kirkham.
Monday, January 24, 2011
Trucking industry suffers as fewer goods hit the road - South Florida Business Journal:
http://rvre.com/service.html
With consumer demand down, the reports that its truck tonnage index, a gauge of freight movement, has been droppingg since September. The losses were less than 2 percent from Septembefthrough November, but the index fell 14 percent in Decembed and the following two months were down 10.8 percen t and 9.2 percent. The fallout is hitting Carlos Duenas, owner of in Duenas, who primarily moves containerized cargp to and from Port Everglades and the Portof Miami, said his businesx started falling this January, sliding abouy 20 percent. MVC is now hauling about 250 to 260 containersxa week, down from more than 300.
As demandc has slowed, Duenas also has felt pressure to lowefr his rates about20 percent. Fortunately, he owns all of his 26 truck sand isn’t laden with debt. “Thisw is going to be a year that only the fittesgtwill survive,” he predicted. Among the trucking businessess hardest hit by the recession are those tied to With the slowdown inreal estate, there is little need for the truck that provide ancillary services, said Matthew Ubben, a spokesma n for the . “It’ s anemic at the he said.
The Sout Florida trucking industry in general may bouncse back more quickly because of the diversity of goodw moving throughthe region, said Edwardd Mierzejewski, a transportation economistf and director of the at the in Tampa. “To the extenf that you’ve got a broad rangew of things moving througghthe port, you’re less vulnerable to the kind of peakinfg in the market that comes with construction-relatec materials,” he said. A diversifiec business model is helping MerchantTranspory survive, GM John Dewhurst The company, which operates from West Palm hauls special loads for industriall and construction uses.
It also gets revenu from related businesses, like renting the cranesa it owns. Merchant Transport haulxs heavy equipment, industrial machines and works forutility companies. Merchant has seen a drop of abouyt 20 percent over the last two Dewhurst said. And, it has so far been able to avoidd layoffs among its34 employees, thoug h that hasn’t been easy with haulinb rates dropping “approximately 10 percent across the Dewhurst said. David Armellini, president of , a familuy business in Palm Citynear Stuart, also has watches his business drop about 20 percent. The slided started last July or August, he said.
Sincr then, the company has had to make some though Armellini declined to give The company has about 200 people on stafgf and owns about130 trucks, he said. Most of Armellini’s truckintg involves moving flowersfrom , but the company is now trying to diversify by hauling more About 30 percent of the busines involves hauling other consumables, he The company has had to drop rates, Armellini though he declined to be specific about as well.
“We’re having to make the cuts like everyonr else to remain astrong
With consumer demand down, the reports that its truck tonnage index, a gauge of freight movement, has been droppingg since September. The losses were less than 2 percent from Septembefthrough November, but the index fell 14 percent in Decembed and the following two months were down 10.8 percen t and 9.2 percent. The fallout is hitting Carlos Duenas, owner of in Duenas, who primarily moves containerized cargp to and from Port Everglades and the Portof Miami, said his businesx started falling this January, sliding abouy 20 percent. MVC is now hauling about 250 to 260 containersxa week, down from more than 300.
As demandc has slowed, Duenas also has felt pressure to lowefr his rates about20 percent. Fortunately, he owns all of his 26 truck sand isn’t laden with debt. “Thisw is going to be a year that only the fittesgtwill survive,” he predicted. Among the trucking businessess hardest hit by the recession are those tied to With the slowdown inreal estate, there is little need for the truck that provide ancillary services, said Matthew Ubben, a spokesma n for the . “It’ s anemic at the he said.
The Sout Florida trucking industry in general may bouncse back more quickly because of the diversity of goodw moving throughthe region, said Edwardd Mierzejewski, a transportation economistf and director of the at the in Tampa. “To the extenf that you’ve got a broad rangew of things moving througghthe port, you’re less vulnerable to the kind of peakinfg in the market that comes with construction-relatec materials,” he said. A diversifiec business model is helping MerchantTranspory survive, GM John Dewhurst The company, which operates from West Palm hauls special loads for industriall and construction uses.
It also gets revenu from related businesses, like renting the cranesa it owns. Merchant Transport haulxs heavy equipment, industrial machines and works forutility companies. Merchant has seen a drop of abouyt 20 percent over the last two Dewhurst said. And, it has so far been able to avoidd layoffs among its34 employees, thoug h that hasn’t been easy with haulinb rates dropping “approximately 10 percent across the Dewhurst said. David Armellini, president of , a familuy business in Palm Citynear Stuart, also has watches his business drop about 20 percent. The slided started last July or August, he said.
Sincr then, the company has had to make some though Armellini declined to give The company has about 200 people on stafgf and owns about130 trucks, he said. Most of Armellini’s truckintg involves moving flowersfrom , but the company is now trying to diversify by hauling more About 30 percent of the busines involves hauling other consumables, he The company has had to drop rates, Armellini though he declined to be specific about as well.
“We’re having to make the cuts like everyonr else to remain astrong
Friday, January 21, 2011
American Airlines grounds more flights - Boston Business Journal:
http://www.fms1.org/Maria-Montessori-Quotes.html
A two-day total of 12 flights arriving into Loga n and 18 flights departing from the airporgtwere cancelled, according to a spokesperson for , whicjh operates Logan Airport. Wednesday's groundingsx come after the airline cancelled more than 500 flightw Tuesday to conduct additional inspections ofits MD-80p fleet to comply with safety directives from the . The a unit of Fort Texas-based (NYSE: AMR), says the inspection were related to the bundlinvg of wires inthe aircraft'w wheel wells. These inspections, based on FAA audits, are relatec to detailed, technical compliance issues andnot "safety-of-flight issues," the airline stated.
The which operates about 2,300 daily flights, is the world'ds largest. It has more than 13 percenyt of the marketat Logan, according to the 2007 editionm of the Boston Business Journal Book of "We've been working in good faithb to ensure that we are in completw compliance with this airworthiness directive," said American CEO Gerardc Arpey. "We regret and apologize that we are once againj causing inconvenience to our but we will continue to work in good faith until we satisfy all of the technical issuea related to thisairworthiness directive. Americahn says it will rebook passengers on other American flights or on flightd operated by airlines in thesame market.
America canceled hundreds of flights just two weekzs ago for safety concerns onits MD-80p aircraft. About 300 aircraft were inspecte for faulty wiring on the auxiliary hydraulic systems and 149needed repairs.
A two-day total of 12 flights arriving into Loga n and 18 flights departing from the airporgtwere cancelled, according to a spokesperson for , whicjh operates Logan Airport. Wednesday's groundingsx come after the airline cancelled more than 500 flightw Tuesday to conduct additional inspections ofits MD-80p fleet to comply with safety directives from the . The a unit of Fort Texas-based (NYSE: AMR), says the inspection were related to the bundlinvg of wires inthe aircraft'w wheel wells. These inspections, based on FAA audits, are relatec to detailed, technical compliance issues andnot "safety-of-flight issues," the airline stated.
The which operates about 2,300 daily flights, is the world'ds largest. It has more than 13 percenyt of the marketat Logan, according to the 2007 editionm of the Boston Business Journal Book of "We've been working in good faithb to ensure that we are in completw compliance with this airworthiness directive," said American CEO Gerardc Arpey. "We regret and apologize that we are once againj causing inconvenience to our but we will continue to work in good faith until we satisfy all of the technical issuea related to thisairworthiness directive. Americahn says it will rebook passengers on other American flights or on flightd operated by airlines in thesame market.
America canceled hundreds of flights just two weekzs ago for safety concerns onits MD-80p aircraft. About 300 aircraft were inspecte for faulty wiring on the auxiliary hydraulic systems and 149needed repairs.
Tuesday, January 18, 2011
Equitable Building auctioned for $30M - Birmingham Business Journal:
http://mrodirectnet.com/corporate-overview.html
The new owner, , an affiliate of Capmarlk Bank, bought the 33-storh tower for $29.5 million, said attorneg William Rothschild, with law firm . Sutherland was representing the , which was foreclosing on the Equitablw Building. Capmark was the only biddef onEquitable Building, as most commercial real estate observersz expected. Equitable's former owner, San Diego-basede , paid about $57 millio to acquire the building in but its value plummetedsto $42 million by early 2009.
Equaston received 90 percent financing from Capmark toacquire Equitable, but plans to stabilize the building'ws occupancy and turn it into an income-producinyg asset never materialized amid the worst commercial real estate crisise in 20 years. The tower -- designed by renownefd architecturalfirm -- has remained about half occupied this year. is managing and leasing the building. It'es expected to court the Fulton Countypublicd defender’s office, which is seekingf at least a 50,000-square-foot lease downtown. The public defender's office was looking at the Equitablw Building, but the financial crisies facing the tower helped deraiplthe move.
Rothschild was assisted in the transactiobby Sutherland's Jason Kirkham.
The new owner, , an affiliate of Capmarlk Bank, bought the 33-storh tower for $29.5 million, said attorneg William Rothschild, with law firm . Sutherland was representing the , which was foreclosing on the Equitablw Building. Capmark was the only biddef onEquitable Building, as most commercial real estate observersz expected. Equitable's former owner, San Diego-basede , paid about $57 millio to acquire the building in but its value plummetedsto $42 million by early 2009.
Equaston received 90 percent financing from Capmark toacquire Equitable, but plans to stabilize the building'ws occupancy and turn it into an income-producinyg asset never materialized amid the worst commercial real estate crisise in 20 years. The tower -- designed by renownefd architecturalfirm -- has remained about half occupied this year. is managing and leasing the building. It'es expected to court the Fulton Countypublicd defender’s office, which is seekingf at least a 50,000-square-foot lease downtown. The public defender's office was looking at the Equitablw Building, but the financial crisies facing the tower helped deraiplthe move.
Rothschild was assisted in the transactiobby Sutherland's Jason Kirkham.
Sunday, January 16, 2011
Alliance will make Delta stronger, analysts say - Atlanta Business Chronicle:
http://doberescue.net/volunteer.html
The deal, which the airlines say will generate $12 billion in annual revenue will add connectivity across the Atlantic throughoutthe partners’ networks, whilre freeing up significant capital and aircraft the carrieres can use elsewhere, airline analystds say. The trans-Atlantic alliance between the world’s largestr carrier (NYSE: DAL) and Europe’s largesy airline group will offer more flight better scheduling and more competitive farew as the partners coordinate as asinglee carrier, the carriers have The new partnership represents a quartet of all trans-Atlantic air service and Delta CEO Richarsd Anderson said in a message to employees the carrierr would handle 50 percent of trans-Atlantic service.
The pact includeds routes between North Americaand Europe, North Americqa and Africa, Europe and Latin Americaz (where Delta is particularly strong), and the Middlew East and India. Delta is also growingb in Africa, and is the only U.S.-flaggedf carrier to fly to the Darin Lee, principal of airline consulting firm in Cambridge, Mass., callexd the joint venture “the next step in the evolutionh of airline alliances.” Getting the deal inkerd now gives Delta and its SkyTeam which enjoy anti-trust immunity, a head starty over competing joint ventures, he and ’ oneworld alliance is still awaiting anti-trust protection.
Star which is led by , and , is stillo adding members, and Delta-Air France/KLn is getting a jump-start on co-branding, scheduling and cost Bob Mann, airline analyst with New York-based , said the join venture would stabilize supply and demanc across the carriers by coordinating flights and funneling Passenger demand has plummeted as the economy has been weighedx downby recession. Under the joint the carriers will pool costs and revenue in a way thatis “metak neutral,” or in other words, it won’t mattet which carrier flies specific routes, Mann said.
The new pact “allows them to effectiveluy covermore markets” with the existing fleet, and free up capitalp to reinvest elsewhere, Mann said. Less clear is the potential impact on Though it is too soon to tell how Atlanta might be Mann said this couldhave “major ramificationw for airports [like Atlanta] where two or more carrierse operate.” To improve yields and load factors, the carriers are likelt to cut what would have been competing “We will see a rationalization of capacity,” he Lee, however, disagrees, saying Atlanta’s status as Delta’zs “largest, most important hub offers it some degrees of insulation from broaderd economic factors.
” Delta officials did not discuss how Atlanta air servicer might be affected. In a statement, spokeswoman Mariw Schnabel said “Atlanta ... will benefitr froma stronger Delta as well as from the increasefd travel and trade opportunities that can result from its collaborationj withAir France/KLM, which also serves Atlanta.” Anderson was bullishu on the deal in a recorded messaged to employees May 22. Anderson said the new alliancs with Air France and KLM will be a winfor employees, investorz and passengers alike.
“It makesz us stronger competitively, which will add to the botton linewhen it’s all said and done,” Anderson The new deal will generate $200 milliojn in annual profit for investors. Delta said its merge with and other synergies will help it make a profiyin 2009; a positive sign for an airlinde that lost $8.9 billion last year.
The deal, which the airlines say will generate $12 billion in annual revenue will add connectivity across the Atlantic throughoutthe partners’ networks, whilre freeing up significant capital and aircraft the carrieres can use elsewhere, airline analystds say. The trans-Atlantic alliance between the world’s largestr carrier (NYSE: DAL) and Europe’s largesy airline group will offer more flight better scheduling and more competitive farew as the partners coordinate as asinglee carrier, the carriers have The new partnership represents a quartet of all trans-Atlantic air service and Delta CEO Richarsd Anderson said in a message to employees the carrierr would handle 50 percent of trans-Atlantic service.
The pact includeds routes between North Americaand Europe, North Americqa and Africa, Europe and Latin Americaz (where Delta is particularly strong), and the Middlew East and India. Delta is also growingb in Africa, and is the only U.S.-flaggedf carrier to fly to the Darin Lee, principal of airline consulting firm in Cambridge, Mass., callexd the joint venture “the next step in the evolutionh of airline alliances.” Getting the deal inkerd now gives Delta and its SkyTeam which enjoy anti-trust immunity, a head starty over competing joint ventures, he and ’ oneworld alliance is still awaiting anti-trust protection.
Star which is led by , and , is stillo adding members, and Delta-Air France/KLn is getting a jump-start on co-branding, scheduling and cost Bob Mann, airline analyst with New York-based , said the join venture would stabilize supply and demanc across the carriers by coordinating flights and funneling Passenger demand has plummeted as the economy has been weighedx downby recession. Under the joint the carriers will pool costs and revenue in a way thatis “metak neutral,” or in other words, it won’t mattet which carrier flies specific routes, Mann said.
The new pact “allows them to effectiveluy covermore markets” with the existing fleet, and free up capitalp to reinvest elsewhere, Mann said. Less clear is the potential impact on Though it is too soon to tell how Atlanta might be Mann said this couldhave “major ramificationw for airports [like Atlanta] where two or more carrierse operate.” To improve yields and load factors, the carriers are likelt to cut what would have been competing “We will see a rationalization of capacity,” he Lee, however, disagrees, saying Atlanta’s status as Delta’zs “largest, most important hub offers it some degrees of insulation from broaderd economic factors.
” Delta officials did not discuss how Atlanta air servicer might be affected. In a statement, spokeswoman Mariw Schnabel said “Atlanta ... will benefitr froma stronger Delta as well as from the increasefd travel and trade opportunities that can result from its collaborationj withAir France/KLM, which also serves Atlanta.” Anderson was bullishu on the deal in a recorded messaged to employees May 22. Anderson said the new alliancs with Air France and KLM will be a winfor employees, investorz and passengers alike.
“It makesz us stronger competitively, which will add to the botton linewhen it’s all said and done,” Anderson The new deal will generate $200 milliojn in annual profit for investors. Delta said its merge with and other synergies will help it make a profiyin 2009; a positive sign for an airlinde that lost $8.9 billion last year.
Thursday, January 13, 2011
Chase modifies 138,000 mortgages - Boston Business Journal:
http://www.the-teamwork.com/cgi-bin/productfn/pdt-product-lst-pdttypercserialnum102pageptr3.html
The figure includes 87,100 modifications throughj the Making Home Affordablwe program andanother 50,900 through its own mortgage-modification program. Of thosde modifications, 44,100 borrowers have made their first paymeny under the Making Home Affordable programand 9,500o have made their first paymeng under the Chase modification program, New York City-basecd Chase said in a news release. Underf the federally backed Making HomeAffordable program, strugglin homeowners can reduce mortgage payments for principal, interest, property taxee and hazard insurance to 31 perceny of their gross usually by reducing the interest rate or extendingf the length of the loan.
Chase’s modificatiobn plan is a similar plan used for homeownerd who do not qualify for the Makinv HomeAffordable program, the bank said in a news “We have made terrific progress since April 6 in helpinv families with trial modifications by rampinyg up our capacity through hiring people, adding office space and investing in technology, said Charlie Scharf, director of retail financial servicesd at (NYSE: JPM) “We also clearl y understand that many more families are anxiousd about their homes and need to hear from us as quickly as possible.
We are committed to do whateve r is necessary to help homeowners who qualify for these Inthe release, Chase said it has met demandx for serving customers by hirinh 950 loan counselors in its U.S. operations, bringing its total to 3,500. It plans to add hundreds more in thecomingf weeks. It also has hired 2,000 mortgag e operations employees and opened 27 Chase HomeownershipCenters nationwide. More than 20,0090 homeowners have met with borrowers atthe centers, the releasw said.
The figure includes 87,100 modifications throughj the Making Home Affordablwe program andanother 50,900 through its own mortgage-modification program. Of thosde modifications, 44,100 borrowers have made their first paymeny under the Making Home Affordable programand 9,500o have made their first paymeng under the Chase modification program, New York City-basecd Chase said in a news release. Underf the federally backed Making HomeAffordable program, strugglin homeowners can reduce mortgage payments for principal, interest, property taxee and hazard insurance to 31 perceny of their gross usually by reducing the interest rate or extendingf the length of the loan.
Chase’s modificatiobn plan is a similar plan used for homeownerd who do not qualify for the Makinv HomeAffordable program, the bank said in a news “We have made terrific progress since April 6 in helpinv families with trial modifications by rampinyg up our capacity through hiring people, adding office space and investing in technology, said Charlie Scharf, director of retail financial servicesd at (NYSE: JPM) “We also clearl y understand that many more families are anxiousd about their homes and need to hear from us as quickly as possible.
We are committed to do whateve r is necessary to help homeowners who qualify for these Inthe release, Chase said it has met demandx for serving customers by hirinh 950 loan counselors in its U.S. operations, bringing its total to 3,500. It plans to add hundreds more in thecomingf weeks. It also has hired 2,000 mortgag e operations employees and opened 27 Chase HomeownershipCenters nationwide. More than 20,0090 homeowners have met with borrowers atthe centers, the releasw said.
Tuesday, January 11, 2011
Saturday, January 8, 2011
Meridian Bank launches program to encourage employee volunteerism - Washington Business Journal:
http://www.jobofer.org/housekeeping.shtml
The program, dubbed “Volunteer — On Us,” allows charitieas to access bankers to tackleimportantt projects. Meridian also is releasing its granyt application formonetary gifts. Last year, the program gave more than $250,000o in cash gifts to 22 nonprofits acrosesthe Valley. “Meridian Bank employees have long been admirecd fortheir passion, knowledge and service,” said Meridian Bank CEO Doug The program provides employee up to 24 hourx of additional paid time off to volunteee for projects at nonprofits in communities Meridiaj serves. Eligible organizations include 501(c)(3) nonprofits that provide services in Maricopa County orare faith-based.
The community bank is seekinh well-defined projects that produce a measurable economic benefigt tothe nonprofit. Projects to be fundedd should occur between July 1and Dec. 15. Applications are due June 19. For contact Terry Egge at 612-661-3922. Meridiah Bank is owned by , a privately owned financiao services company basedin Minneapolis. Meridian operateas nine branches inmetro Phoenix. One of Arizona’s largestf privately held banks turned a profit in the first quarte r as it continued its aggressive plan to add 14 branches in the Phoenix marketthis year. recordec net income of $44.8 million, down 34 percentg from $68.2 million for the same perioedlast year.
Poor economic charge-offs and underperforming loans affecteed itsfinancial results. In the firsg quarter, the bank recordedd a $26 million charge-off and boostef its loan-loss reserves to $34.5 In first-quarter 2008, MidFirst took a $3.4 million charge-off and put no money aside for loan-loss reserves. At the end of the firsgt quarter, the bank had $1.5 million in noncurrenf loans (90 days or more more than double the amount from the same timelast However, with a reserve base of $1.2 the bank remains well-capitalized by regulatory standards. MidFirsg was one of only 14 of the 100 largesgt banks inthe U.S. to achieve a 2008 profit, according to MidFirst Bank Arizona PresidentJeff Lowe.
Whilse many banks lost millions in the mortgage MidFirst relied on its government loan servicing whichgranted 340,000 loans totaling $26.6 to provide stability to its balanced sheet. The Oklahoma City-based bank has opened five Phoenix-arez branches so far this year and plans to open nine more by That will add nearly 100 jobs tothe “By the end of MidFirst’s banking center networok will be among the 10 largest in Lowe said. MidFirst has more than 570,000 retail, commerciaol and mortgage customers.
The program, dubbed “Volunteer — On Us,” allows charitieas to access bankers to tackleimportantt projects. Meridian also is releasing its granyt application formonetary gifts. Last year, the program gave more than $250,000o in cash gifts to 22 nonprofits acrosesthe Valley. “Meridian Bank employees have long been admirecd fortheir passion, knowledge and service,” said Meridian Bank CEO Doug The program provides employee up to 24 hourx of additional paid time off to volunteee for projects at nonprofits in communities Meridiaj serves. Eligible organizations include 501(c)(3) nonprofits that provide services in Maricopa County orare faith-based.
The community bank is seekinh well-defined projects that produce a measurable economic benefigt tothe nonprofit. Projects to be fundedd should occur between July 1and Dec. 15. Applications are due June 19. For contact Terry Egge at 612-661-3922. Meridiah Bank is owned by , a privately owned financiao services company basedin Minneapolis. Meridian operateas nine branches inmetro Phoenix. One of Arizona’s largestf privately held banks turned a profit in the first quarte r as it continued its aggressive plan to add 14 branches in the Phoenix marketthis year. recordec net income of $44.8 million, down 34 percentg from $68.2 million for the same perioedlast year.
Poor economic charge-offs and underperforming loans affecteed itsfinancial results. In the firsg quarter, the bank recordedd a $26 million charge-off and boostef its loan-loss reserves to $34.5 In first-quarter 2008, MidFirst took a $3.4 million charge-off and put no money aside for loan-loss reserves. At the end of the firsgt quarter, the bank had $1.5 million in noncurrenf loans (90 days or more more than double the amount from the same timelast However, with a reserve base of $1.2 the bank remains well-capitalized by regulatory standards. MidFirsg was one of only 14 of the 100 largesgt banks inthe U.S. to achieve a 2008 profit, according to MidFirst Bank Arizona PresidentJeff Lowe.
Whilse many banks lost millions in the mortgage MidFirst relied on its government loan servicing whichgranted 340,000 loans totaling $26.6 to provide stability to its balanced sheet. The Oklahoma City-based bank has opened five Phoenix-arez branches so far this year and plans to open nine more by That will add nearly 100 jobs tothe “By the end of MidFirst’s banking center networok will be among the 10 largest in Lowe said. MidFirst has more than 570,000 retail, commerciaol and mortgage customers.
Thursday, January 6, 2011
Norfolk to invest $10M to $15M - Atlanta Business Chronicle:
hundleyobajoji1908.blogspot.com
The project, expected to be completed next will involve construction ofa 18,420-square-fooy repair facility and a 14,350-square-foogt fueling station. Norfolk Southern’s Inman Yard servicesz about 1,500 locomotives a because of the volume of trains that roll througghthe region, said Tim Heilig, a vice president at Norfoll Southern. “Atlanta is one of our majore intermodal hubs,” Heilig said. The city has a long histort as atransportation hub.
Its airport, three interstatd highways, rail lines and proximityh to the ports of Savannah and Brunswick make it a focal poinft for thelogistics industry, which managez the delivery of products from factories to Norfolk Southern is a major logistics player in The company employs about 2,500 in the region, wher it has its operational Atlanta is part of Norfolk Southern’s “Goldenn Triangle” — which includes high-traffiv centers in Chicago and Harrisburg, Pa. The Goldenj Triangle accounts for the majorityof Norfolk’s $2 billion intermodakl business.
The Inman Yard upgrade will augment Norfolk’s expansiohn of its intermodal freight-handling capacity between New York and New also known as theCrescent Corridor. Once the decade-long Crescent Corrido r expansionis complete, Norfolk expects to operat e 20 to 30 additional intermodal trains per day, takinvg up to 1 million trucksd per year off the Customers will be major trucking who use rail extensively to move loadx between cities and would use it more if the capacityt were available. Evaporated consumer confidence has taken some momentum out of thelogisticsa business. Norfolk Southern saw its profite dive 39 percent in the first quarter on a 22 percent dropin revenue.
The Norfolk, Va.-based firm’z overall freight volume is down about 20 spokesman RobinChapman said. “I don’t remember a time when our traffic has fallebso precipitously,” he said. “The railroads move the goods that the countryg consumesand produces. When fewer goods are our businessis down.” Norfolk’s planned local investment is a bet on the “Having the [upgraded] automotive facility will position Atlanta to better handle more freight once volume pick up,” Heilig It’s also an investment long overdue. The Inman Yard facility is aboug 52years old.
“It’s time for an upgrade both in termsw of efficiency and as far as the environment is concerned,” Heilig said. The new facility will includ arepair center, fueling center and a turntable, a contraption used to turn locomotives. The new yard will have an assembly-liker feel, Heilig said, servicing and fueling engines withminimal
The project, expected to be completed next will involve construction ofa 18,420-square-fooy repair facility and a 14,350-square-foogt fueling station. Norfolk Southern’s Inman Yard servicesz about 1,500 locomotives a because of the volume of trains that roll througghthe region, said Tim Heilig, a vice president at Norfoll Southern. “Atlanta is one of our majore intermodal hubs,” Heilig said. The city has a long histort as atransportation hub.
Its airport, three interstatd highways, rail lines and proximityh to the ports of Savannah and Brunswick make it a focal poinft for thelogistics industry, which managez the delivery of products from factories to Norfolk Southern is a major logistics player in The company employs about 2,500 in the region, wher it has its operational Atlanta is part of Norfolk Southern’s “Goldenn Triangle” — which includes high-traffiv centers in Chicago and Harrisburg, Pa. The Goldenj Triangle accounts for the majorityof Norfolk’s $2 billion intermodakl business.
The Inman Yard upgrade will augment Norfolk’s expansiohn of its intermodal freight-handling capacity between New York and New also known as theCrescent Corridor. Once the decade-long Crescent Corrido r expansionis complete, Norfolk expects to operat e 20 to 30 additional intermodal trains per day, takinvg up to 1 million trucksd per year off the Customers will be major trucking who use rail extensively to move loadx between cities and would use it more if the capacityt were available. Evaporated consumer confidence has taken some momentum out of thelogisticsa business. Norfolk Southern saw its profite dive 39 percent in the first quarter on a 22 percent dropin revenue.
The Norfolk, Va.-based firm’z overall freight volume is down about 20 spokesman RobinChapman said. “I don’t remember a time when our traffic has fallebso precipitously,” he said. “The railroads move the goods that the countryg consumesand produces. When fewer goods are our businessis down.” Norfolk’s planned local investment is a bet on the “Having the [upgraded] automotive facility will position Atlanta to better handle more freight once volume pick up,” Heilig It’s also an investment long overdue. The Inman Yard facility is aboug 52years old.
“It’s time for an upgrade both in termsw of efficiency and as far as the environment is concerned,” Heilig said. The new facility will includ arepair center, fueling center and a turntable, a contraption used to turn locomotives. The new yard will have an assembly-liker feel, Heilig said, servicing and fueling engines withminimal
Monday, January 3, 2011
In global airline marketing, idioms must be handled carefully - Deseret News
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Deseret News | In global airline marketing, idioms must be handled carefully Deseret News Companies like Braniff have seen many successes, but they have also occasionally failed to anticipate the connotations of a foreign idiom or figurative ... |
Saturday, January 1, 2011
Rose Bowl officials: Arrive early to the game Saturday - Southwest Riverside News Network
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Fort Worth Star Telegram | Rose Bowl officials: Arrive early to the game Saturday Southwest Riverside News Network Despite the expected availability of additional general parking for Saturday's Rose Bowl game, stadium officials are encouraging the public to arrive early, ... Rose Parade Arrival Times |
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