mytyhona.wordpress.com
According to a release, 13 staff membersa were informed Friday that their jobs would be effectiveJuly 2. Authority spokesman Peter Hancockl said in an intervieaw Monday that the polich director position also will be eliminated as executives staff positions are reduced from five to Barb Langner will move out of that position to serv e as actingMedicaid director, according to the release. Hancock said that the authority’d operational budget has been cutby $3.5 million for the fiscaol year that begins July 1.
According to the the authority also is reducing spending with the contractort that processes claims for paymentf under Medicaid and theState Children’s Health Insurance That move is expected to save $3.6 Savings from the contracty reductions are shared with the federal which funds more than half of Medicaidc administrative costs, according to the The authority is responsible for coordinatinyg a statewide health polic y agenda that incorporates effectives purchasing and administration with health promotion strategies. All healthu insurance purchasing by the state is combinefd underthe authority.
The authority also is responsible for compilint and distributing uniform health care data to provide healthcare payers, providers and policy-makers with informatiobn regarding trends in the use and cost of health care for improvedr decision making.
Friday, May 11, 2012
Thursday, May 10, 2012
Mortgage refinancing activity down 19% - Puget Sound Business Journal (Seattle):
yzirapogyg.wordpress.com
percent last week from the previous week, according to the ’w weekly mortgage applications survey released The marketcomposite index, a measure of mortgagr loan application volume, was 786, a decrease of 14.2 percengt on a seasonally adjusted basis from 915.9 one week The purchase index, however, was up 1 percenf for the week, on a seasonally adjustedr basis. The four week moving averag e for the seasonally adjusted market Indexc isdown 4.7 percent. The four week moving averagw isup 0.5 percent for the purchase while this average is down 6.2 percentt for the refinance index. The refinance share of mortgagee activity decreasedto 69.3 percent of total applicationzs from 73.
6 percent the previoua week. The adjustable-rate mortgage (ARM) share of activituy increased to 2.6 percent from 2.4 percen t of total applications from theprevious week. The averager contract interest ratefor 30-year fixed-rate mortgagea increased to 4.81 percent from 4.69 with points increasing to 1.28 from 1.13 (includin g the origination fee) for 80 percent loan-to-valuwe (LTV) ratio loans. The average contract interest ratefor 15-yeare fixed-rate mortgages remained unchanged at 4.44 percent, with pointsd increasing to 1.16 from 1.01 (including the origination fee) for 80 percent LTV The average contract interesr rate for one-year ARMs increased to 6.55 percenf from 6.
38 percent, with pointx increasing to 0.12 from 0.10 (includinvg the origination fee) for 80 percent LTV
percent last week from the previous week, according to the ’w weekly mortgage applications survey released The marketcomposite index, a measure of mortgagr loan application volume, was 786, a decrease of 14.2 percengt on a seasonally adjusted basis from 915.9 one week The purchase index, however, was up 1 percenf for the week, on a seasonally adjustedr basis. The four week moving averag e for the seasonally adjusted market Indexc isdown 4.7 percent. The four week moving averagw isup 0.5 percent for the purchase while this average is down 6.2 percentt for the refinance index. The refinance share of mortgagee activity decreasedto 69.3 percent of total applicationzs from 73.
6 percent the previoua week. The adjustable-rate mortgage (ARM) share of activituy increased to 2.6 percent from 2.4 percen t of total applications from theprevious week. The averager contract interest ratefor 30-year fixed-rate mortgagea increased to 4.81 percent from 4.69 with points increasing to 1.28 from 1.13 (includin g the origination fee) for 80 percent loan-to-valuwe (LTV) ratio loans. The average contract interest ratefor 15-yeare fixed-rate mortgages remained unchanged at 4.44 percent, with pointsd increasing to 1.16 from 1.01 (including the origination fee) for 80 percent LTV The average contract interesr rate for one-year ARMs increased to 6.55 percenf from 6.
38 percent, with pointx increasing to 0.12 from 0.10 (includinvg the origination fee) for 80 percent LTV
Tuesday, May 8, 2012
Twelve charged with defrauding Miami-Dade health plan - South Florida Business Journal:
gault-rickettsias.blogspot.com
State insurance fraud investigators arrestes eight of the suspects in a sweep that beganin Miami-Dade and Broware counties. Three others are expected to surrender, two of them in Southh Florida. Still being sought is Dennis M. Montero, whom investigator identified asthe group's Montero, a 39-year-old former Miamian, formed two fake medical-equipmen t companies and recruited the hospital workers to participat in making fraudulent claims for unneeded and nonexistenyt medical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbesd Operation Terminal Illness -- has led to chargex against 28 people, including 16 arrested last February in connectionn with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurances plan administered by Blue Cross/Blue Shield for public employeesw of Miami-Dade. Jackson Memorial is an affiliatde of themetro government, making its employees eligible to participate in the healthh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatest "And if public employees are it violates a special trust.
" The new chargese allege that Montero and four hospital employee committed organized fraud as well as grandc theft. The seven other hospital workers face grandtheft charges. Investigators said the chargew involve morethan $415,000 worth of fraudulent claims filerd from January 1996 to April 1999 for nebulizer s and pharmaceuticals commonly used in treating respiratory ailments. Of that amount, they payments totaling $222,651 were actually made to Montero and hisfictitiouzs companies, or sent directly to hospital employees.
Investigators said Monter o created the two medical equipmentcompaniew -- Key's Med-Care and Servi Med-Cares Supplies -- for the sole purpose of filing the fraudulent medical The 11 present or former Jackson Memoria l employees allegedly involved in the schem e include two who worked in the hospital'w security division, three who worked in accounting, four who workerd in administration and two who worked in environmentao services. Investigators said Claraa E.
Ortiz, 38, of who has since resigned from an administrative job inthe hospital'a accounting office, helped Montero by encouragintg her fellow workers to allow their insurancre information to be used in filing the fraudulent The Florida Department of Insurancee launched the investigation in April 1999 after Blue Cross/Blue Shield of Florida discoverec medical supply companies submittinhg claims to cover the same equipment for employeew under the same health plan. The 16 arrestes last February included 11 publicemployees -- nine of them from Jackso n -- and involved threre other fictitious medical equipment firms and more than $800,000 worthy of fraudulent claims.
The insurance department's PROFITr squad, a special strike force established by Nelso n in the Division of Insurancd Fraud to focus on major cases involving health insurance has spearheadedthe investigation. Investigatorw said Montero's scheme began to unravel after they servedxa court-ordered subpoena and obtained witness statementds that Key's Med-Care and Servki Med-Care Supplies were fictitious companies that had no patient medical equipment inventory or invoices, employee payrol records, or any other documents or items to support the operation of a medicalk equipment company.
In a doctor whose credentials were used on the claime provided investigators with a sworn affidavit that he neve r signed any prescriptions or othetr documentsfor Montero. Ron Poindexter, directod of the insurance fraud division, said investigators are continuinv to work with Jackson Memorialp officials and the to determine whether there were any other such schemese against thecounty employees' health plan. Miami-Dade State Attorney Katherine Fernandez Rundle will prosecute thesrlatest cases. Those charged are: Clara E. Ortiz, 38, 17360 N.W. 52nd Miami, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitza T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. Starkes, 52, 2281 N.W. 60th St., grand theft; Cheryl P. Pressey, 40, 2745 N.W. 202 Lane, grand theft and organized fraud; Eunic V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rd St., Miami, grand theft; Silvi D. Portobanco, 46, 4443 N.W. 185th St., grand theft; Fronita D. Jones, 44, 4020 S.W. 59th Hollywood, grand theft; Arturo 35, 6195 N.W. 186th St., Miami grand theft; Dennis M. Montero, 39, formerlyh of Miami, last knowjn to be in Tucker, Ga., grand thefrt and organized fraud; Gloria F. 53, formerly of Lauderhill, now resides in Manning, grand theft.
State insurance fraud investigators arrestes eight of the suspects in a sweep that beganin Miami-Dade and Broware counties. Three others are expected to surrender, two of them in Southh Florida. Still being sought is Dennis M. Montero, whom investigator identified asthe group's Montero, a 39-year-old former Miamian, formed two fake medical-equipmen t companies and recruited the hospital workers to participat in making fraudulent claims for unneeded and nonexistenyt medical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbesd Operation Terminal Illness -- has led to chargex against 28 people, including 16 arrested last February in connectionn with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurances plan administered by Blue Cross/Blue Shield for public employeesw of Miami-Dade. Jackson Memorial is an affiliatde of themetro government, making its employees eligible to participate in the healthh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatest "And if public employees are it violates a special trust.
" The new chargese allege that Montero and four hospital employee committed organized fraud as well as grandc theft. The seven other hospital workers face grandtheft charges. Investigators said the chargew involve morethan $415,000 worth of fraudulent claims filerd from January 1996 to April 1999 for nebulizer s and pharmaceuticals commonly used in treating respiratory ailments. Of that amount, they payments totaling $222,651 were actually made to Montero and hisfictitiouzs companies, or sent directly to hospital employees.
Investigators said Monter o created the two medical equipmentcompaniew -- Key's Med-Care and Servi Med-Cares Supplies -- for the sole purpose of filing the fraudulent medical The 11 present or former Jackson Memoria l employees allegedly involved in the schem e include two who worked in the hospital'w security division, three who worked in accounting, four who workerd in administration and two who worked in environmentao services. Investigators said Claraa E.
Ortiz, 38, of who has since resigned from an administrative job inthe hospital'a accounting office, helped Montero by encouragintg her fellow workers to allow their insurancre information to be used in filing the fraudulent The Florida Department of Insurancee launched the investigation in April 1999 after Blue Cross/Blue Shield of Florida discoverec medical supply companies submittinhg claims to cover the same equipment for employeew under the same health plan. The 16 arrestes last February included 11 publicemployees -- nine of them from Jackso n -- and involved threre other fictitious medical equipment firms and more than $800,000 worthy of fraudulent claims.
The insurance department's PROFITr squad, a special strike force established by Nelso n in the Division of Insurancd Fraud to focus on major cases involving health insurance has spearheadedthe investigation. Investigatorw said Montero's scheme began to unravel after they servedxa court-ordered subpoena and obtained witness statementds that Key's Med-Care and Servki Med-Care Supplies were fictitious companies that had no patient medical equipment inventory or invoices, employee payrol records, or any other documents or items to support the operation of a medicalk equipment company.
In a doctor whose credentials were used on the claime provided investigators with a sworn affidavit that he neve r signed any prescriptions or othetr documentsfor Montero. Ron Poindexter, directod of the insurance fraud division, said investigators are continuinv to work with Jackson Memorialp officials and the to determine whether there were any other such schemese against thecounty employees' health plan. Miami-Dade State Attorney Katherine Fernandez Rundle will prosecute thesrlatest cases. Those charged are: Clara E. Ortiz, 38, 17360 N.W. 52nd Miami, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitza T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. Starkes, 52, 2281 N.W. 60th St., grand theft; Cheryl P. Pressey, 40, 2745 N.W. 202 Lane, grand theft and organized fraud; Eunic V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rd St., Miami, grand theft; Silvi D. Portobanco, 46, 4443 N.W. 185th St., grand theft; Fronita D. Jones, 44, 4020 S.W. 59th Hollywood, grand theft; Arturo 35, 6195 N.W. 186th St., Miami grand theft; Dennis M. Montero, 39, formerlyh of Miami, last knowjn to be in Tucker, Ga., grand thefrt and organized fraud; Gloria F. 53, formerly of Lauderhill, now resides in Manning, grand theft.
Sunday, May 6, 2012
Podiatrist gets 5 months, $25,000 fine - Nashville Business Journal:
efimtsovavadan.blogspot.com
Dr. Bic Chau Stafford, who practiced at the in Marylancd Heights, as well as assorted assisted living facilitiesein St. Louis City and St. Louis County, in April to one felony count of obstructionm of afederal audit. 59, also executed a civill settlement agreement with the United States requiring her to pay the Medicarprogram $425,000. Stafford billed Medicare for numeroua complex foot surgery procedures provided to 39 local Medicarer beneficiaries when she was reall y providing these patients with only routine foot such as toenail clipping, prosecutors When she was audited by the Medicare program in 2007, Medicare denied her claims for reimbursemeny regarding these 39 beneficiaries and requested that she repagy $6,840 for non-covered services that had been previouslu paid to her.
Stafford challenged this and as part of her efforte to avoid payingthe overpayment, Stafford createc new treatment records for those 39 patientss in 2007, back-dating them to using fraudulent treatment information and claiming that she had provided these patients with podiatric surgical prosecutors said.
Dr. Bic Chau Stafford, who practiced at the in Marylancd Heights, as well as assorted assisted living facilitiesein St. Louis City and St. Louis County, in April to one felony count of obstructionm of afederal audit. 59, also executed a civill settlement agreement with the United States requiring her to pay the Medicarprogram $425,000. Stafford billed Medicare for numeroua complex foot surgery procedures provided to 39 local Medicarer beneficiaries when she was reall y providing these patients with only routine foot such as toenail clipping, prosecutors When she was audited by the Medicare program in 2007, Medicare denied her claims for reimbursemeny regarding these 39 beneficiaries and requested that she repagy $6,840 for non-covered services that had been previouslu paid to her.
Stafford challenged this and as part of her efforte to avoid payingthe overpayment, Stafford createc new treatment records for those 39 patientss in 2007, back-dating them to using fraudulent treatment information and claiming that she had provided these patients with podiatric surgical prosecutors said.
Saturday, May 5, 2012
McClatchy stock gains despite downgrades - Sacramento Business Journal:
tulusenoveb.blogspot.com
McClatchy (NYSE: MNI) stoc gained 11 cents — or 13.4 percent — to 93 centse in late-afternoon trading, after gaining 19 cents The current price is the highestsince Jan. 14. Despite the decline, the stock is down more than 90 percenr fromits one-year high, and much lower than the $8.32q stock price on May 22, 2008. Applausw from investors for the company’s plan to restructure $1.5 billiobn in debt easily drowns out the boosfrom credit-ratingg firms. Three credit-rating giants, including Standard & Poor’sd on Friday, have downgraded McClatchyt forits plan. The credit-rating companies say the actionn is basically defaulting on the existinfgdebt agreement.
The Sacramento-based company publisher of and 29 other dailynewspaperse — is exchanging $1.15 billion of debt for cash and new However, the new debt comes at much higherf price, 15.75 percent compared to between 5 percenft and 7 percent. But the company benefites in two ways: It gaind access to a $60 million line of revolvinf credit and it can pay off the debt McClatchy hasabout $2 billiom in outstanding debt. Cash is critical to the newspapert chain, which endured a first-quarter loss of $37.7 million from continuing operations, comparefd to a $993,000 loss a year ago.
like most newspapers nationwide, is battling a dramatif decline in advertising revenue and fewer paidprint subscribers. The compan has taken aggressive actions to curbits money-losinbg operations, eliminating about 4,000 positions or almost a third of its work force and cutting executive pay and dividends, puttinfg retirement contributions on hold and implementingy furloughs for workers. On Thursday, and also downgradecd McClatchy.
But investors shunned the credit apparently optimistic that it is thebest short-termn effort to help the newspaper
McClatchy (NYSE: MNI) stoc gained 11 cents — or 13.4 percent — to 93 centse in late-afternoon trading, after gaining 19 cents The current price is the highestsince Jan. 14. Despite the decline, the stock is down more than 90 percenr fromits one-year high, and much lower than the $8.32q stock price on May 22, 2008. Applausw from investors for the company’s plan to restructure $1.5 billiobn in debt easily drowns out the boosfrom credit-ratingg firms. Three credit-rating giants, including Standard & Poor’sd on Friday, have downgraded McClatchyt forits plan. The credit-rating companies say the actionn is basically defaulting on the existinfgdebt agreement.
The Sacramento-based company publisher of and 29 other dailynewspaperse — is exchanging $1.15 billion of debt for cash and new However, the new debt comes at much higherf price, 15.75 percent compared to between 5 percenft and 7 percent. But the company benefites in two ways: It gaind access to a $60 million line of revolvinf credit and it can pay off the debt McClatchy hasabout $2 billiom in outstanding debt. Cash is critical to the newspapert chain, which endured a first-quarter loss of $37.7 million from continuing operations, comparefd to a $993,000 loss a year ago.
like most newspapers nationwide, is battling a dramatif decline in advertising revenue and fewer paidprint subscribers. The compan has taken aggressive actions to curbits money-losinbg operations, eliminating about 4,000 positions or almost a third of its work force and cutting executive pay and dividends, puttinfg retirement contributions on hold and implementingy furloughs for workers. On Thursday, and also downgradecd McClatchy.
But investors shunned the credit apparently optimistic that it is thebest short-termn effort to help the newspaper
Thursday, May 3, 2012
Serious Materials means business with greener drywall - Silicon Valley / San Jose Business Journal:
8511ysu.blogspot.com
But manufacturer , which earned an honorable mention inthe Green/Cleanj Technology category, instead plans to celebrate a greened Earth with the environmentally-sensitive drywallo it calls EcoRock. The founded in 2002 and based in focuseson re-engineering constructiohn materials to make the world’s buildings more eco-friendlyg for the long haul. Its initial product, a soundproofing and insulatingv material calledQuiet Rock, has been “a runaway Since then, the company has begu producing ThermaProof windows, which are four times more efficiengt than dual-pane windows at keeping heat inside a Everything Serious Materials does is motivated by its underlyinhg mission: to keep one billiob tons of carbon dioxidd — three percent of the world’s CO2 production — out of the atmospher every year.
President and CEO Kevin Suracebelievesw it’s an entirely achievable goal within a “On a worldwide basis, 52 percentg of the world’s CO2 emissions is tied to the built environment — 12 percent goes into makinhg new building materials and 40 percent goes to heatingg and cooling the buildings we’ve built with those materials,” Surace says. Cars, on the other generate only about 9 percen t ofthe world’s carbon dioxide So by tackling building materials, Surace Serious Materials is takingv on half of the world’s carbon dioxide dilemma.
The reason for focusing much of that efforg on drywallis simple: The processa used to make it is incrediblyh wasteful. Invented in 1917, drywall’s manufacturing procedure requires thatgypsumn — its main ingredient — be super-heated, or calcined, and then rapidly cooled. But making EcoRock, which replaces the gypsum with proprietary materials that thecompant won’t reveal, doesn’t require using any external energyg source for heating or cooling. Instead, the materialx inside EcoRock create theit own chemical reactions to develop theheat that’sw needed.
So while making a typical sheet of drywall produces abourt 16 pounds ofgreenhouse gases, makingy a sheet of EcoRock produces just over three pounds — some 80 percent less. The resulting producy looks, feels and perform s the same as currentgypsum drywall, Surace says, but doesn’t require mining new materials from the as gypsum-based drywall does. It took abougt three years and six differeng formulations forthe company’s researchers to get EcoRocj to the point of mass production. “Wr had to keep drivinh the cost down and driving the featuree set up to drive the performance he says.
Serious Materials has raises morethan $65 million in venture capital to
But manufacturer , which earned an honorable mention inthe Green/Cleanj Technology category, instead plans to celebrate a greened Earth with the environmentally-sensitive drywallo it calls EcoRock. The founded in 2002 and based in focuseson re-engineering constructiohn materials to make the world’s buildings more eco-friendlyg for the long haul. Its initial product, a soundproofing and insulatingv material calledQuiet Rock, has been “a runaway Since then, the company has begu producing ThermaProof windows, which are four times more efficiengt than dual-pane windows at keeping heat inside a Everything Serious Materials does is motivated by its underlyinhg mission: to keep one billiob tons of carbon dioxidd — three percent of the world’s CO2 production — out of the atmospher every year.
President and CEO Kevin Suracebelievesw it’s an entirely achievable goal within a “On a worldwide basis, 52 percentg of the world’s CO2 emissions is tied to the built environment — 12 percent goes into makinhg new building materials and 40 percent goes to heatingg and cooling the buildings we’ve built with those materials,” Surace says. Cars, on the other generate only about 9 percen t ofthe world’s carbon dioxide So by tackling building materials, Surace Serious Materials is takingv on half of the world’s carbon dioxide dilemma.
The reason for focusing much of that efforg on drywallis simple: The processa used to make it is incrediblyh wasteful. Invented in 1917, drywall’s manufacturing procedure requires thatgypsumn — its main ingredient — be super-heated, or calcined, and then rapidly cooled. But making EcoRock, which replaces the gypsum with proprietary materials that thecompant won’t reveal, doesn’t require using any external energyg source for heating or cooling. Instead, the materialx inside EcoRock create theit own chemical reactions to develop theheat that’sw needed.
So while making a typical sheet of drywall produces abourt 16 pounds ofgreenhouse gases, makingy a sheet of EcoRock produces just over three pounds — some 80 percent less. The resulting producy looks, feels and perform s the same as currentgypsum drywall, Surace says, but doesn’t require mining new materials from the as gypsum-based drywall does. It took abougt three years and six differeng formulations forthe company’s researchers to get EcoRocj to the point of mass production. “Wr had to keep drivinh the cost down and driving the featuree set up to drive the performance he says.
Serious Materials has raises morethan $65 million in venture capital to
Tuesday, May 1, 2012
Economy Watch: FNF Construction gets highway stimulus contract - Tampa Bay Business Journal:
ejoxot.wordpress.com
“It is a rehabilitationb project to create asafer roadway,” said Deena business development officer for Tempe-based FNF which is celebrating 25 years in business. Some areads of U.S. 491 have deteriorated creatin a significant safety issu for those whouse it, she said. The projecg is a good fit for the which also has an office in accordingto Billings. “Paving projects are kind of our niche.” In additioh to making the roadway safer for the $8.9 million project give s FNF Construction’s staff more opportunit for work. “We will be able to keep existing employees busy and perhapa hirenew ones,” she said.
The bidding procesds for a stimulus contracft is very similar to that on any job both for the contractotr and the state department oftransportationh involved. The New Mexico Department of Transportation advertised the project in typica fashion with the lowest bidded winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexicio Department of Transportation. The federal government does look at the projectsin however, Arrendondo added. Construction on the 14-mile stretch, whicbh runs on the southern portion ofthe highway, broke ground May 20. FNF Constructio is hopeful that its portion of the upgrade is completde by the endof summer.
“Wed are excited to keep on goinf and be part ofthe process,” Billings said of futurd jobs.
“It is a rehabilitationb project to create asafer roadway,” said Deena business development officer for Tempe-based FNF which is celebrating 25 years in business. Some areads of U.S. 491 have deteriorated creatin a significant safety issu for those whouse it, she said. The projecg is a good fit for the which also has an office in accordingto Billings. “Paving projects are kind of our niche.” In additioh to making the roadway safer for the $8.9 million project give s FNF Construction’s staff more opportunit for work. “We will be able to keep existing employees busy and perhapa hirenew ones,” she said.
The bidding procesds for a stimulus contracft is very similar to that on any job both for the contractotr and the state department oftransportationh involved. The New Mexico Department of Transportation advertised the project in typica fashion with the lowest bidded winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexicio Department of Transportation. The federal government does look at the projectsin however, Arrendondo added. Construction on the 14-mile stretch, whicbh runs on the southern portion ofthe highway, broke ground May 20. FNF Constructio is hopeful that its portion of the upgrade is completde by the endof summer.
“Wed are excited to keep on goinf and be part ofthe process,” Billings said of futurd jobs.
Sunday, April 29, 2012
Chatham creates School of Sustainability and the Environment - Business First of Columbus:
fugycyquwod.blogspot.com
The school is expected to provid undergraduate, graduate and professional programds to prepare students to identifyh and solve challenges related to the environment and The University will begin a search for a and will house thenew school's operations at its Eden Hall Farm Campuws in Richland, north of Pittsburgh. The administration anticipates that the programs offered through the School will both attractf new students and drive the Eden Hall Farm master plan.
The first program offered througgh the new school willbe Chatham's newest graduate the Master of Arts in Food The degree is designed to provide studentas with "a deep understanding of the issuese surrounding food such as the environmental costsw of food production and distribution, cultural issues, sustainability of communities, and safety of the food according to a release from the Classes will begin in spring 2010 at the Eden Hall Farm campus and the Shadyside campue in Pittsburgh's East End, and will include courses such as agricultural productionn systems, food processing, industrialization and waste, food, sustainability and health, and food and
The school is expected to provid undergraduate, graduate and professional programds to prepare students to identifyh and solve challenges related to the environment and The University will begin a search for a and will house thenew school's operations at its Eden Hall Farm Campuws in Richland, north of Pittsburgh. The administration anticipates that the programs offered through the School will both attractf new students and drive the Eden Hall Farm master plan.
The first program offered througgh the new school willbe Chatham's newest graduate the Master of Arts in Food The degree is designed to provide studentas with "a deep understanding of the issuese surrounding food such as the environmental costsw of food production and distribution, cultural issues, sustainability of communities, and safety of the food according to a release from the Classes will begin in spring 2010 at the Eden Hall Farm campus and the Shadyside campue in Pittsburgh's East End, and will include courses such as agricultural productionn systems, food processing, industrialization and waste, food, sustainability and health, and food and
Saturday, April 28, 2012
OUTDOORS: Powhatan State Park could open next year - Richmond Times Dispatch
afyfojahejus.blogspot.com
OUTDOORS: Powhatan State Park could open next year Richmond Times Dispatch A new state park will go on this Powhatan County land, on the south side of the James River. This picture was shot from the Goochland side. A few months back, stuck in brutal, if typical, I-95 traffic in Northern Virginia, my wife and I decided to take ... |
Thursday, April 26, 2012
UW-Stout adds new bachelor degree programs - The Business Journal of Milwaukee:
qalymeled.wordpress.com
The new majors will start in fall 2009. A year ago also known as "Wisconsin’s Polytechnic had 29 undergraduate majors. The most recentt action brings that numberto 36, an increasre of 24 percent. Chancellor Charles Sorense n said he hopesthat UW-Stout will offefr 40 undergraduate majors in another year. “We are steadil increasing the variety of our undergraduate majors to ensur e we are meeting the needsd of the students and businesw and industry in the Chippewqa Valley and the rest ofthe state,” he Game design and development at UW-Stout has been a concentratiob within the applied mathematics and computer science major.
The new majoer will prepare graduates for careersw in the video game industru and incomputer simulation, opening up opportunities in entertainment, business and the military. Propertyy management has been a minorat UW-Stout since 1985. The new degred will be offered by the departmengt of hospitality and tourismm and will consist primarily of existinv courses from hospitalityand tourism, management and psychology.
The new majors will start in fall 2009. A year ago also known as "Wisconsin’s Polytechnic had 29 undergraduate majors. The most recentt action brings that numberto 36, an increasre of 24 percent. Chancellor Charles Sorense n said he hopesthat UW-Stout will offefr 40 undergraduate majors in another year. “We are steadil increasing the variety of our undergraduate majors to ensur e we are meeting the needsd of the students and businesw and industry in the Chippewqa Valley and the rest ofthe state,” he Game design and development at UW-Stout has been a concentratiob within the applied mathematics and computer science major.
The new majoer will prepare graduates for careersw in the video game industru and incomputer simulation, opening up opportunities in entertainment, business and the military. Propertyy management has been a minorat UW-Stout since 1985. The new degred will be offered by the departmengt of hospitality and tourismm and will consist primarily of existinv courses from hospitalityand tourism, management and psychology.
Tuesday, April 24, 2012
San Jose Jazz group swings with West Valley College - Atlanta Business Chronicle:
lyubomiradete.blogspot.com
San Jose Jazz will run ’s jazz grou p as one of its programs and assume productionb of its existingconcert series. The West Valley Jazz Orchestraa will be renamed the as part of a collaboration betweebn thetwo entities, and it will continue unde the leadership of artistic director Gus Kambeitz. “We’ve sort of tentatively workedf together for quitea while,” said San Jose Jazz Executivd Director Geoff Roach. “There are certain limitations in beinh astandalone organization, and in the case of West Valley Jazz the feelingf was that the band could grow and do more things.
” Kambeitza said working with San Jose Jazz in the past “haws provided access to audiences and resources that were previously unavailabld to us. San Jose Jazz has producedc some of the best musi programs on theWest Coast, so combining our year-round concert series with San Jose Jazz performance programws will undoubtedly take both organizations in new and excitingy directions.” Roach added that the collaboratiojn makes “a whole lot of sense, especiallyg in the area of nonprofits.” Each year from January througbh March, San Jose Jazz offers a Sunday seriesx at San Jose’s Improv Theatee on Second Street.
The seriee brings 200 to 300 people to downtown San Jose onSundat afternoons, Roach said. Nevertheless, Roach’s group is coping with its own After losing support from major sponsorsComcast Corp. and Southwest Airlines Co., the San Jose Jazz Festivalo got backing for this yearfrom AT&Tr Inc. The 20th annual festival, which cost s about $1.5 million to put on, takee place Aug. 7 through 9. “We’ree below where we shouls be in funding,” Roachu said. “We’re probably running $150,000 to $200,000 undere what we should be.” Ticket prices have gone up an individual passis $15 rather than $10.
And, he added, “There’s stillk room for more sponsors.” A large part of the festival’es funding comes from sponsorship which helps keep ticket prices Roach said some of the shortfallk will be made up bycuttiny costs. Two stages were eliminated, one of them contemporaryu R&B. “There will still be plenty of he said. “Ten stages, 1,000 musicians. I doubt if most peoplr will even notice the loss of the two He said the festival is tryingb to cut even more costs by tapping volunteerd and working outtrade deals. For it could cost about $10,00p0 to rent forklifts over a weekend, so the festival is trying to borrow some of the equipmengtit needs.
He adderd that it’s not a one-way street for “We’re not looking for handouts,” he “We’re talking about an affluenr crowd, a captive audience with 100,00o0 eyeballs.”
San Jose Jazz will run ’s jazz grou p as one of its programs and assume productionb of its existingconcert series. The West Valley Jazz Orchestraa will be renamed the as part of a collaboration betweebn thetwo entities, and it will continue unde the leadership of artistic director Gus Kambeitz. “We’ve sort of tentatively workedf together for quitea while,” said San Jose Jazz Executivd Director Geoff Roach. “There are certain limitations in beinh astandalone organization, and in the case of West Valley Jazz the feelingf was that the band could grow and do more things.
” Kambeitza said working with San Jose Jazz in the past “haws provided access to audiences and resources that were previously unavailabld to us. San Jose Jazz has producedc some of the best musi programs on theWest Coast, so combining our year-round concert series with San Jose Jazz performance programws will undoubtedly take both organizations in new and excitingy directions.” Roach added that the collaboratiojn makes “a whole lot of sense, especiallyg in the area of nonprofits.” Each year from January througbh March, San Jose Jazz offers a Sunday seriesx at San Jose’s Improv Theatee on Second Street.
The seriee brings 200 to 300 people to downtown San Jose onSundat afternoons, Roach said. Nevertheless, Roach’s group is coping with its own After losing support from major sponsorsComcast Corp. and Southwest Airlines Co., the San Jose Jazz Festivalo got backing for this yearfrom AT&Tr Inc. The 20th annual festival, which cost s about $1.5 million to put on, takee place Aug. 7 through 9. “We’ree below where we shouls be in funding,” Roachu said. “We’re probably running $150,000 to $200,000 undere what we should be.” Ticket prices have gone up an individual passis $15 rather than $10.
And, he added, “There’s stillk room for more sponsors.” A large part of the festival’es funding comes from sponsorship which helps keep ticket prices Roach said some of the shortfallk will be made up bycuttiny costs. Two stages were eliminated, one of them contemporaryu R&B. “There will still be plenty of he said. “Ten stages, 1,000 musicians. I doubt if most peoplr will even notice the loss of the two He said the festival is tryingb to cut even more costs by tapping volunteerd and working outtrade deals. For it could cost about $10,00p0 to rent forklifts over a weekend, so the festival is trying to borrow some of the equipmengtit needs.
He adderd that it’s not a one-way street for “We’re not looking for handouts,” he “We’re talking about an affluenr crowd, a captive audience with 100,00o0 eyeballs.”
Sunday, April 22, 2012
Aviation Week study of top performing airlines ranks Frontier 19th - Wichita Business Journal:
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The ranking, released Tuesday, seeks to "identify those companiea that are best positioned to weather the current globapl recession and recent volatility in fuel AviationWeek said. It rates airline operators on business criteria -- liquidity, financial health, earnings performance, fuel-cost management and asset utilization -- and not on service or flyinvg operations. Denver-based Frontier is the second-largesgt carrier at after . Aviatioj Week rated its holding company, Frontier Airlinexs Holdings Inc. The journal rates Frontier highest on liquidity and lowest on earnings performance andfuel management. Calculations are basec on airline results forfiscal 2008.
Sincer 2008, Frontier has taken significant steps to cut costs andimprover efficiency, and . A bankruptcy judge Mondag . Among other DIA ranked 10th among24 low-cost and carriers, while JetBlue Airways Corp. was No. 16 and was No. 22. ranked No. 1 on the low-cost-carriers list. In a separatwe ranking of 32 major airlines, -- holding company of United Airlines, DIA's No. 1 carrie r -- ranked near the bottom, in 31st was No. 16, No. 22, and No. 30. was in first place on the majorairlines list. "Thse recession has grabbed hold of the airline industry, and survival is still the name of the Aviation Week & Space Technology Editor-in-Chief Anthonyh Velocci Jr.
said Tuesday in a statementg accompanyingthe ranking. "This year’s Top-Performing Companies review of airlines placex liquidity and financial health as the top indicators for weathering furtherf volatility in the economy and rising fuel he said. "We are seeinvg sharp drops in scores across the inall regions, but with the TPC we can identify those airlines that are doing thingd right." .
The ranking, released Tuesday, seeks to "identify those companiea that are best positioned to weather the current globapl recession and recent volatility in fuel AviationWeek said. It rates airline operators on business criteria -- liquidity, financial health, earnings performance, fuel-cost management and asset utilization -- and not on service or flyinvg operations. Denver-based Frontier is the second-largesgt carrier at after . Aviatioj Week rated its holding company, Frontier Airlinexs Holdings Inc. The journal rates Frontier highest on liquidity and lowest on earnings performance andfuel management. Calculations are basec on airline results forfiscal 2008.
Sincer 2008, Frontier has taken significant steps to cut costs andimprover efficiency, and . A bankruptcy judge Mondag . Among other DIA ranked 10th among24 low-cost and carriers, while JetBlue Airways Corp. was No. 16 and was No. 22. ranked No. 1 on the low-cost-carriers list. In a separatwe ranking of 32 major airlines, -- holding company of United Airlines, DIA's No. 1 carrie r -- ranked near the bottom, in 31st was No. 16, No. 22, and No. 30. was in first place on the majorairlines list. "Thse recession has grabbed hold of the airline industry, and survival is still the name of the Aviation Week & Space Technology Editor-in-Chief Anthonyh Velocci Jr.
said Tuesday in a statementg accompanyingthe ranking. "This year’s Top-Performing Companies review of airlines placex liquidity and financial health as the top indicators for weathering furtherf volatility in the economy and rising fuel he said. "We are seeinvg sharp drops in scores across the inall regions, but with the TPC we can identify those airlines that are doing thingd right." .
Friday, April 20, 2012
Hale and hearty - FOXSports.com
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FOXSports.com | Hale and hearty FOXSports.com Ken Rosenthal has been the senior baseb » |
Thursday, April 19, 2012
Treasury lets 10 banks repay $68B - Philadelphia Business Journal:
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According to MarketWatch, and are not amontg them. The department says the institutions, whichb it did not name, have met the requirementw for repayment established by federalbanking supervisors. It says many banks recently have raised equity capital from private investors and haveissuedf long-term debt that is not guaranteee by the government. “These repaymentzs are an encouraging sign offinanciakl repair, but we still have work to Treasury Secretary Tim Geithner says. According to MarketWatch, the bankes permitted to pay back the funds are JPMorganChasd & Co., Goldman Sachse Group Inc.
, Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Capital One Financial Corp. and Northern More than 600 bankws received a total ofnearly $200 billion throughb the department’s Troubled Asset Relief About $2 billion of that money was paid back previously. Charlotte-basefd BofA (NYSE:BAC) received a total of $45 billionn through the program. San Francisco-based Wells Farg o (NYSE:WFC), which acquired of Charlottee latelast year, got $25 billionn from the TARP initiative, which is designeds to thaw the credit markets and boosr the economy.
Under the program, bankse retiring their preferred stock can repurchasd the warrants held by the Treasury Besides the proceeds from the sales of the the department also hasreceived $4.5 billio in dividend payments from program Proceeds from the repayments will go to the Treasury Department’as general fund. The funds can be used to reduce the nationalk debt and can serve as a cushion in case the departmen t needs to respond to financial emergencies in the thedepartment says.
According to MarketWatch, and are not amontg them. The department says the institutions, whichb it did not name, have met the requirementw for repayment established by federalbanking supervisors. It says many banks recently have raised equity capital from private investors and haveissuedf long-term debt that is not guaranteee by the government. “These repaymentzs are an encouraging sign offinanciakl repair, but we still have work to Treasury Secretary Tim Geithner says. According to MarketWatch, the bankes permitted to pay back the funds are JPMorganChasd & Co., Goldman Sachse Group Inc.
, Morgan Stanley, American Express, Bank of New York State Street, US Bancorp, BB&T Capital One Financial Corp. and Northern More than 600 bankws received a total ofnearly $200 billion throughb the department’s Troubled Asset Relief About $2 billion of that money was paid back previously. Charlotte-basefd BofA (NYSE:BAC) received a total of $45 billionn through the program. San Francisco-based Wells Farg o (NYSE:WFC), which acquired of Charlottee latelast year, got $25 billionn from the TARP initiative, which is designeds to thaw the credit markets and boosr the economy.
Under the program, bankse retiring their preferred stock can repurchasd the warrants held by the Treasury Besides the proceeds from the sales of the the department also hasreceived $4.5 billio in dividend payments from program Proceeds from the repayments will go to the Treasury Department’as general fund. The funds can be used to reduce the nationalk debt and can serve as a cushion in case the departmen t needs to respond to financial emergencies in the thedepartment says.
Tuesday, April 17, 2012
Memo to TV reporters: Standing on train tracks can be hazardous - Business First of Columbus:
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The filing said Park was authorizes to begin offering the shares onMay 28. Althoughn a Park official would not confirm the offerin is being conducted specifically torepay TARP, in the past few montha the bank has said it was looking into options for repaying the government. An Indianapolis developedr new to the market has hired a general manager for its firsf CentralOhio hotel. Dora Hospitality LLC named Tim Dehnartt to runthe 117-room Dublin Holiday Inn Express nearingb completion at 5500 Tuttle Crossing It’s set for opening in mid-July. Dehnart said the Holiday Inn Express marks the first Ohio investment for which also owns hotelsin Wisconsin, Illinoisd and North Dakota.
“They’re testing the waters,” he said. Dehnary most recently was GM ofa Dora-owned Staybridgse Suites hotel in Fort Wayne, Ind. Untipl April last year, he was assistant GM of the Dublin Staybridg e Suites foranother operator.
The filing said Park was authorizes to begin offering the shares onMay 28. Althoughn a Park official would not confirm the offerin is being conducted specifically torepay TARP, in the past few montha the bank has said it was looking into options for repaying the government. An Indianapolis developedr new to the market has hired a general manager for its firsf CentralOhio hotel. Dora Hospitality LLC named Tim Dehnartt to runthe 117-room Dublin Holiday Inn Express nearingb completion at 5500 Tuttle Crossing It’s set for opening in mid-July. Dehnart said the Holiday Inn Express marks the first Ohio investment for which also owns hotelsin Wisconsin, Illinoisd and North Dakota.
“They’re testing the waters,” he said. Dehnary most recently was GM ofa Dora-owned Staybridgse Suites hotel in Fort Wayne, Ind. Untipl April last year, he was assistant GM of the Dublin Staybridg e Suites foranother operator.
Sunday, April 15, 2012
Convera folding into U.K. company - Sacramento Business Journal:
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Vienna-based Convera (NASDAQ: CNVR) will be dissolved. Aftere the merger, Patrick Condo, Convera's CEO, will become the chairman of the andColin Jeavons, Firstlight'sx CEO, will become the CEO. Convera's plan of dissolutioj contemplates an orderly wind down of its businesxand operations. After filing its certificate of Convera intends to make one or more distributions to its stockholder of cash availablefor distribution, subject to applicable legalp requirements. Convera will then delist its common stockfrom Nasdaq. The new company will briny together the vertical search technology of Convera and the advertisingb sales and marketing capabilitiesof Firstlight.
It will have over 60 corporatew customer accounts and 120 existing Web sitesx withapproximately 1,500 When the merger becomese effective, Convera will own 33.3 percent and Firstlight will own 66.7 percentt of the total outstanding commonb stock of the new subject to certain adjustments whichh may enable Convera to own up to 42 percent of the new companuy prior to the The merger is subject to Convera approval and certain other customary closing conditions. The mergert is expected to close this summer.
Vienna-based Convera (NASDAQ: CNVR) will be dissolved. Aftere the merger, Patrick Condo, Convera's CEO, will become the chairman of the andColin Jeavons, Firstlight'sx CEO, will become the CEO. Convera's plan of dissolutioj contemplates an orderly wind down of its businesxand operations. After filing its certificate of Convera intends to make one or more distributions to its stockholder of cash availablefor distribution, subject to applicable legalp requirements. Convera will then delist its common stockfrom Nasdaq. The new company will briny together the vertical search technology of Convera and the advertisingb sales and marketing capabilitiesof Firstlight.
It will have over 60 corporatew customer accounts and 120 existing Web sitesx withapproximately 1,500 When the merger becomese effective, Convera will own 33.3 percent and Firstlight will own 66.7 percentt of the total outstanding commonb stock of the new subject to certain adjustments whichh may enable Convera to own up to 42 percent of the new companuy prior to the The merger is subject to Convera approval and certain other customary closing conditions. The mergert is expected to close this summer.
Friday, April 13, 2012
Artromick International poised for growth in digital health-care age - Business First of Columbus:
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It’s a simple truth about such projects that’s the key to futured growth for Columbus-based : “If they don’t have our they’re not going the last 5 yards,” said Paul the company’s president and chief operating officer. Artromicok is a more than 30-year-old company that makew a range of products forthe long-termk and acute-care markets, notably medication and emergencyh carts. The company’s carts have been a staple for decadesx innursing homes, where it has an estimated 75 percentt share of the product market. up until recently, counted on that long-term care market for the bulk ofits revenue.
Guth, who joinexd the company in 2004, estimates roughly 80 percent of salea as early as five yeara ago came from workingwith independent, or “closed-door,” pharmacies that supply nursing homes. Fast-forward half a decade and only abou 40 percent of its revenue comes fromthe long-ter m care industry – the rest comexs from growing markets that provide as much opportunityh as challenge. Those challenges haven’t easedx as the recession makes its mark on the Fiveyears ago, exports accounted for less than 10 percent of Artromick’sd sales. They now make up 20 percent, Guth said. The compan sells its products to 40 countries and was namexd a top exporter bythe .
But the largesf area of growth isin hospitals, which are showintg more need for products that make costly electronic health-care systemw portable and safe. Guth said the compangy has intensified its pushto design, develo and produce portable nurse stations and other productss to line up with demand. Acute care accountxs for about 40 percentf ofthe revenue, the same share as its long-standing long-term care business. “Long-term care has always been the biggesty business, but we’re growing it as much as the industr allows,” Guth said. “It’s the hospital side that’xs growing rapidly.
” That growth hit the spotlight on the 2008campaigbn trail, as President Barack Obama stressed in his platform moving to electronixc medical records. A $19 billion investment in that technology was includecd inthe $787 billion economivc stimulus package he signex earlier this year. While the company continues to see acutr care asa long-term growt prospect, the recession has put a marked short-ternm squeeze on hospitals’ capital spending. That trend has taken a bite out of earninges and personnelat Ohio’s largest publixc company, The Dublin-based health-care giant in recent months has easedf profit expectations and cut 1,309 jobs. Artromick hasn’t been immune.
“It definitely is slowinf us down,” he “People are freezing their capitalp budgets, but by the time they get to the point of wantinyg to buyour product, they’ve spen t millions and millions on software. They need our product to finisy it.” While Artromick’s productes are a key cog in the health-care industry at the poinyt ofpatient care, the company hasn’t just restexd on that to get it through the recession. Artromicm has expanded its online shoppinyg portal to sidestep the needfor customer-service representatives and pinpointedx marketing dollars to target potentiaol clients surfing the Internet.
At the start of the year, it also rolleds out what it dubber “Artromick Capital,” a program for customers that offers leasingt and monthly payment optionsfor products. “We’re just trying to get them to be able to buy our Guth said.
It’s a simple truth about such projects that’s the key to futured growth for Columbus-based : “If they don’t have our they’re not going the last 5 yards,” said Paul the company’s president and chief operating officer. Artromicok is a more than 30-year-old company that makew a range of products forthe long-termk and acute-care markets, notably medication and emergencyh carts. The company’s carts have been a staple for decadesx innursing homes, where it has an estimated 75 percentt share of the product market. up until recently, counted on that long-term care market for the bulk ofits revenue.
Guth, who joinexd the company in 2004, estimates roughly 80 percent of salea as early as five yeara ago came from workingwith independent, or “closed-door,” pharmacies that supply nursing homes. Fast-forward half a decade and only abou 40 percent of its revenue comes fromthe long-ter m care industry – the rest comexs from growing markets that provide as much opportunityh as challenge. Those challenges haven’t easedx as the recession makes its mark on the Fiveyears ago, exports accounted for less than 10 percent of Artromick’sd sales. They now make up 20 percent, Guth said. The compan sells its products to 40 countries and was namexd a top exporter bythe .
But the largesf area of growth isin hospitals, which are showintg more need for products that make costly electronic health-care systemw portable and safe. Guth said the compangy has intensified its pushto design, develo and produce portable nurse stations and other productss to line up with demand. Acute care accountxs for about 40 percentf ofthe revenue, the same share as its long-standing long-term care business. “Long-term care has always been the biggesty business, but we’re growing it as much as the industr allows,” Guth said. “It’s the hospital side that’xs growing rapidly.
” That growth hit the spotlight on the 2008campaigbn trail, as President Barack Obama stressed in his platform moving to electronixc medical records. A $19 billion investment in that technology was includecd inthe $787 billion economivc stimulus package he signex earlier this year. While the company continues to see acutr care asa long-term growt prospect, the recession has put a marked short-ternm squeeze on hospitals’ capital spending. That trend has taken a bite out of earninges and personnelat Ohio’s largest publixc company, The Dublin-based health-care giant in recent months has easedf profit expectations and cut 1,309 jobs. Artromick hasn’t been immune.
“It definitely is slowinf us down,” he “People are freezing their capitalp budgets, but by the time they get to the point of wantinyg to buyour product, they’ve spen t millions and millions on software. They need our product to finisy it.” While Artromick’s productes are a key cog in the health-care industry at the poinyt ofpatient care, the company hasn’t just restexd on that to get it through the recession. Artromicm has expanded its online shoppinyg portal to sidestep the needfor customer-service representatives and pinpointedx marketing dollars to target potentiaol clients surfing the Internet.
At the start of the year, it also rolleds out what it dubber “Artromick Capital,” a program for customers that offers leasingt and monthly payment optionsfor products. “We’re just trying to get them to be able to buy our Guth said.
Wednesday, April 11, 2012
New owner surfaces in latest Filene
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Alan Cohen, Filene’s chief restructuring officer, confirmed Mondaty afternoon that Secaucus, N.J.-based Syms and New York-based Vornado agreed to pay about $63 million for the chain. A courty hearing is set for Wednesday to approve the Cohen said. The auction, which began Fridaty and was continuedto Monday, took place aboutf a week after an affiliatde of Men’s Wearhouse agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’es assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s objection.
It wasn’t clear Mondat if Syms and Vornado would acquir e allof Filene’s stores. Both Men’sz Wearhouse and Crown had plannec to acquire and keep opena majority, but not all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’ds Basement sought protection from creditors in May in Delawarebankruptcyt court, months after closing several stores. Columbus-based (NYSE: which maintains a majority stake in discoungt shoeretailer (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity owned by liquidatiom and turnaround firm Buxbaum
Alan Cohen, Filene’s chief restructuring officer, confirmed Mondaty afternoon that Secaucus, N.J.-based Syms and New York-based Vornado agreed to pay about $63 million for the chain. A courty hearing is set for Wednesday to approve the Cohen said. The auction, which began Fridaty and was continuedto Monday, took place aboutf a week after an affiliatde of Men’s Wearhouse agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’es assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s objection.
It wasn’t clear Mondat if Syms and Vornado would acquir e allof Filene’s stores. Both Men’sz Wearhouse and Crown had plannec to acquire and keep opena majority, but not all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’ds Basement sought protection from creditors in May in Delawarebankruptcyt court, months after closing several stores. Columbus-based (NYSE: which maintains a majority stake in discoungt shoeretailer (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity owned by liquidatiom and turnaround firm Buxbaum
Tuesday, April 10, 2012
Abercrombie shutting struggling Ruehl chain - Puget Sound Business Journal (Seattle):
amesit.wordpress.com
The New Albany-based apparepl merchant said Wednesday it willshut Ruehl’s 29 stores and direct-to-consumeer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and accessories. whose only Ohio store is at EastonjTown Center, generated a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakest salesd performer at stores open at least a year. Ruehl’s same-stor e sales were off 33 percentin May. Abercrombide earned $272.3 million on $3.54e billion in revenue last year.
“It has been a difficul decision toclose Ruehl, a brand we continud to believe could have been successful in different circumstances,” CEO Michael Jeffries said in a statement. “However, given the currenty economic environment, we believe it is in the best interestsz of the company to focus its effortas and resources on the growth opportunities afforded by our other particularly internationally.” The company didn’t disclosde the effects on the chain’s work force, nor did it indicatse the number of jobs tied to Ruehl. The reviea of Ruehl, which opened in 2004, cost the companhy about $51 million in impairment charges in itsfirsy quarter.
Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscakl year as it winds down The company Wednesday also said it amendex a credit agreement to excludwsome Ruehl-related charges from requirements underr its covenant with the lender and reduced its availablse credit to $350 million from $450 million. Jeffries said the compangy is confident is has sufficient cash on handbut “wse believe it is prudent to make thesew changes” in light of the recession-batteref retail environment and the one-time Ruehl costs. In addition to the 29 Ruehkl stores, Abercrombie runs 350 flagship storeas and 733 others underthe Abercrombie, Hollister Co.
and Gilly Hickws nameplates.
The New Albany-based apparepl merchant said Wednesday it willshut Ruehl’s 29 stores and direct-to-consumeer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothes and accessories. whose only Ohio store is at EastonjTown Center, generated a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakest salesd performer at stores open at least a year. Ruehl’s same-stor e sales were off 33 percentin May. Abercrombide earned $272.3 million on $3.54e billion in revenue last year.
“It has been a difficul decision toclose Ruehl, a brand we continud to believe could have been successful in different circumstances,” CEO Michael Jeffries said in a statement. “However, given the currenty economic environment, we believe it is in the best interestsz of the company to focus its effortas and resources on the growth opportunities afforded by our other particularly internationally.” The company didn’t disclosde the effects on the chain’s work force, nor did it indicatse the number of jobs tied to Ruehl. The reviea of Ruehl, which opened in 2004, cost the companhy about $51 million in impairment charges in itsfirsy quarter.
Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscakl year as it winds down The company Wednesday also said it amendex a credit agreement to excludwsome Ruehl-related charges from requirements underr its covenant with the lender and reduced its availablse credit to $350 million from $450 million. Jeffries said the compangy is confident is has sufficient cash on handbut “wse believe it is prudent to make thesew changes” in light of the recession-batteref retail environment and the one-time Ruehl costs. In addition to the 29 Ruehkl stores, Abercrombie runs 350 flagship storeas and 733 others underthe Abercrombie, Hollister Co.
and Gilly Hickws nameplates.
Sunday, April 8, 2012
Recommended: Wind farm plan for 'Wuthering Heights' region riles Bronte fans - msnbc.com
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msnbc.com | Recommended: Wind farm plan for 'Wuthering Heights' region riles Bronte fans msnbc.com The $19 million wind farm proposed by energy firm Banks Renewables would produce enough electricity to power 4500 homes, the company said. Bradford councilors are due to vote on an application to inst » |
Friday, April 6, 2012
Grateful Dead drummer Mickey Hart taps into the rhythm of the universe - Louisville Courier-Journal
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San Francisco Chronicle (blog) | Grateful Dead drummer Mickey Hart taps into the rhythm of the universe Louisville Courier-Journal Many of his best known and most far-flung trips happened while performing with The Grateful Dead for much of three decades, where he drummed alongside Bill Kreutzmann as one of rock's more formidable rhythm sections. But that was &r aquo; |
Wednesday, April 4, 2012
Obama: Doing 'nothing' about health care not an option - Sacramento Business Journal:
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“Health care reform is not something I just cooked up when I took Obama told a crowcd ofabout 1,500 people Thursday at in the Greej Bay suburb of “It is central to our economic future. In past years and there may have been some disagreementg onthis point. But not anymore.” Earliee this month, Obama said he wants Congress to pass a comprehensivde health care bill by the end of the summee and ready for his signaturseby fall. Many Democrats, includingf the president, favor a government-sponsored health insurancew plan that would compete with private insurers and be availablew for people not eligible for other government health care programds such as Medicareor Medicaid.
Most Republicans and many business however, say a competing plan that isn’yt profit-driven would drive private insurersw outof business. On Thursday, the , a physician’xs group Obama is scheduled to meet with Monda yin Chicago, said it is oppose d to a government-sponsored insurance Obama said his administration is working on a Healtn Insurance Exchange that would allow people to compare insurancse benefits and prices. None of the planes included in the exchange would be allowesd to deny coverage basedon pre-existing conditions and all must includde an affordable, basic benefit option.
“I also strongly believe that one of the option in the Exchange should be a public insuranceoptionb – because if the private insurance companies have to competee with a public option, it will keep them honest and help keep pricez down,” Obama said. Supporters of health care reform say it woul provide health insurance coverage to million of Americans and make coverag more affordable for those who arealreadg covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three timesx fasterthan wages, even those with coverage have reacheds a breaking point, Obama said. Employers are not farint any better.
Small business owners have been forcee to cut health care benefitss or drop coverage entirely because ofrising costs, Obamq said. “We have the most expensive healthb care system inthe world,” Obama said. “Wed spend almost 50 percent more per persob on health care than the next mostcostly nation. But here’s the thing, Greeh Bay: we’re not any healthiert for it.” Obama vowed to let Americans who are contenyt with their coverage and their physicianxs keep whatthey have, but said the country has reached a pointr where doing nothing about the cost of health care is no longe an option.
“If we do nothing, within a decads we will be spendingb one out of every five dollarsa we earn onhealth care,” Obama “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans woulr be expensive, but promised health care reform wouldx not add to the country’d deficit over the next 10 years. “T o make that happen, we have already identifiesd hundreds of billions worth of savingws in ourbudget – savingsx that will come from steps like reducing Medicare overpaymentd to insurance companies and rootinyg out waste, fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scal e back the amountthe highest-income Americans can deducf on their taxes and use that money to help financd health care. Obama spoke for about 20 minutes and then took questiond from six people in the audience who expressecd fearover “socialized medicine,” asked questions about wellness and even questioned the country’s education Regarding the idea of socializeds medicine, Obama said that isn’t what he, or anyone in wants.
“Health care reform is not something I just cooked up when I took Obama told a crowcd ofabout 1,500 people Thursday at in the Greej Bay suburb of “It is central to our economic future. In past years and there may have been some disagreementg onthis point. But not anymore.” Earliee this month, Obama said he wants Congress to pass a comprehensivde health care bill by the end of the summee and ready for his signaturseby fall. Many Democrats, includingf the president, favor a government-sponsored health insurancew plan that would compete with private insurers and be availablew for people not eligible for other government health care programds such as Medicareor Medicaid.
Most Republicans and many business however, say a competing plan that isn’yt profit-driven would drive private insurersw outof business. On Thursday, the , a physician’xs group Obama is scheduled to meet with Monda yin Chicago, said it is oppose d to a government-sponsored insurance Obama said his administration is working on a Healtn Insurance Exchange that would allow people to compare insurancse benefits and prices. None of the planes included in the exchange would be allowesd to deny coverage basedon pre-existing conditions and all must includde an affordable, basic benefit option.
“I also strongly believe that one of the option in the Exchange should be a public insuranceoptionb – because if the private insurance companies have to competee with a public option, it will keep them honest and help keep pricez down,” Obama said. Supporters of health care reform say it woul provide health insurance coverage to million of Americans and make coverag more affordable for those who arealreadg covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three timesx fasterthan wages, even those with coverage have reacheds a breaking point, Obama said. Employers are not farint any better.
Small business owners have been forcee to cut health care benefitss or drop coverage entirely because ofrising costs, Obamq said. “We have the most expensive healthb care system inthe world,” Obama said. “Wed spend almost 50 percent more per persob on health care than the next mostcostly nation. But here’s the thing, Greeh Bay: we’re not any healthiert for it.” Obama vowed to let Americans who are contenyt with their coverage and their physicianxs keep whatthey have, but said the country has reached a pointr where doing nothing about the cost of health care is no longe an option.
“If we do nothing, within a decads we will be spendingb one out of every five dollarsa we earn onhealth care,” Obama “In 30 years, it will be one out of everhy three.” Obama acknowledged covering all Americans woulr be expensive, but promised health care reform wouldx not add to the country’d deficit over the next 10 years. “T o make that happen, we have already identifiesd hundreds of billions worth of savingws in ourbudget – savingsx that will come from steps like reducing Medicare overpaymentd to insurance companies and rootinyg out waste, fraud and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scal e back the amountthe highest-income Americans can deducf on their taxes and use that money to help financd health care. Obama spoke for about 20 minutes and then took questiond from six people in the audience who expressecd fearover “socialized medicine,” asked questions about wellness and even questioned the country’s education Regarding the idea of socializeds medicine, Obama said that isn’t what he, or anyone in wants.
Monday, April 2, 2012
Sierra Madre School Misses 'Distinguished' Honor - Patch.com
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Sierra Madre School Misses 'Distinguished' Honor Patch.com Though Sierra Madre Elementary School has the highest test scores in the district, students in two subgroups did not improve their scores enough to become eligible to apply for a California Distinguished School title. By Cassandra Morris Sierra Madre ... |
Saturday, March 31, 2012
Obama urges Warren 'Buffett rule' passage - Politico
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TheChronicleHerald.ca | Obama urges Warren 'Buffett rule' passage Politico The Buffett rule, named after billionaire investor Warren Buffett, was first floated by Obama late last year after a New York Times op-ed by the Omaha businessman encouraged Congress to raise taxes on the wealthy. Continue Reading Text Size - + reset ... Obama c&n bsp;» |
Thursday, March 29, 2012
Tuesday, March 27, 2012
Ideas for Brack Tract unveiled - Austin Business Journal:
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Those were some of the elemente presented in two master plans by LLP intheir long-rangwe vision for the 350-acre tract. The which was hired 13 months ago to come up with amasterf plan, presented their idead to The System Board of Regents and the publid on June 18. “The site could and shouls be the western anchor of If the nature of downtown is tallereand higher, than this will be smaller and greener,” said a representatived of Cooper Robertson. Representatives of the firm said they envisionm a transit oriented development with a lake front districytand ‘neighborhoods’ with retail and residential buildings.
The plan would be carried out in phasea over the next few Although the firm presented twomaster plans, it recommendec that the board select its Brackenridge Village plan. The main difference between the plan s is that the Universityof Texas’ biologicaol field lab would remain in the seconds scenario, called the Brankenridge Park plan. Under the Brackenridge Village plan, the UT field lab wouls be relocated to one of nine sites suggestex by theplanning firm, making way for the developmenyt of the property. Developers of the tract would build diversre buildings of two to six stories and structured parking that is concealef fromthe streets.
A number of infrastructure improvements were also includingthe re-alignment of Lake Austi Boulevard, the creation of a parallel roadwa y between Lake Austin and Red Bud Trail intersection, and 20 lane-miles of new loca streets. As far as internal transportation, the plannersz advised the UT board to establish a TransportatiohnManagement Organization. Possible transportation solutions included an internalshuttlwe system, extension of proposed city trolley systek and bus service. The planner suggested a numbee of ideas for incorporating sustainable design such as storm watee management units and acommunitty garden.
The planners advised that graduatestudent housing, whicjh exists on three sites, be relocate to the Gateway site between 6th and 10th streets. The plansw call for the development of anew 825-unit student housing complex. Supporters of the Lions MunicipalGolf Course, knowhn as Muny, received bad news when the planners concludedf that the golf course was no longer viabl e and that it be used for Whichever plan the UT regents adopt, the firm suggested starting with the graduate housinv project in late 2010, and following up with the selectionh of phase I developers in 2012. Several UT regentsa expressed their gratitude to the firm fortheir plans.
Chairman of the UT Board of RegentzsJames Huffines, echoed the sentiment, and said that the boardf will begin studying the plans and reviewing all He added: “We are heartened by the proposed graduate studentf housing that would preserve graduatwe housing while freeing up 73 acres for development.” Phass I would include about 30,000 square feet of 1 million square feet of residential and a Exposition Boulevard would be extended south. All four phasexs would have a total squarefootage of: 15 million squarre feet of retail, residential, office and civic/institution About 11 acres dedicated for an elementaryt school. About 21.
5 acres for academic uses, such as a possible UT “Boat Town” neighborhood with a waterfront plazaand marina. Phas e I would include about 80,00 square feet of retaio and 1.3 million square feet of All four phases would have a total squarefootagr of: 5.3 million square feet of residential, office and civic/institution space. Click for more informationn on the tract and details ofthe
Those were some of the elemente presented in two master plans by LLP intheir long-rangwe vision for the 350-acre tract. The which was hired 13 months ago to come up with amasterf plan, presented their idead to The System Board of Regents and the publid on June 18. “The site could and shouls be the western anchor of If the nature of downtown is tallereand higher, than this will be smaller and greener,” said a representatived of Cooper Robertson. Representatives of the firm said they envisionm a transit oriented development with a lake front districytand ‘neighborhoods’ with retail and residential buildings.
The plan would be carried out in phasea over the next few Although the firm presented twomaster plans, it recommendec that the board select its Brackenridge Village plan. The main difference between the plan s is that the Universityof Texas’ biologicaol field lab would remain in the seconds scenario, called the Brankenridge Park plan. Under the Brackenridge Village plan, the UT field lab wouls be relocated to one of nine sites suggestex by theplanning firm, making way for the developmenyt of the property. Developers of the tract would build diversre buildings of two to six stories and structured parking that is concealef fromthe streets.
A number of infrastructure improvements were also includingthe re-alignment of Lake Austi Boulevard, the creation of a parallel roadwa y between Lake Austin and Red Bud Trail intersection, and 20 lane-miles of new loca streets. As far as internal transportation, the plannersz advised the UT board to establish a TransportatiohnManagement Organization. Possible transportation solutions included an internalshuttlwe system, extension of proposed city trolley systek and bus service. The planner suggested a numbee of ideas for incorporating sustainable design such as storm watee management units and acommunitty garden.
The planners advised that graduatestudent housing, whicjh exists on three sites, be relocate to the Gateway site between 6th and 10th streets. The plansw call for the development of anew 825-unit student housing complex. Supporters of the Lions MunicipalGolf Course, knowhn as Muny, received bad news when the planners concludedf that the golf course was no longer viabl e and that it be used for Whichever plan the UT regents adopt, the firm suggested starting with the graduate housinv project in late 2010, and following up with the selectionh of phase I developers in 2012. Several UT regentsa expressed their gratitude to the firm fortheir plans.
Chairman of the UT Board of RegentzsJames Huffines, echoed the sentiment, and said that the boardf will begin studying the plans and reviewing all He added: “We are heartened by the proposed graduate studentf housing that would preserve graduatwe housing while freeing up 73 acres for development.” Phass I would include about 30,000 square feet of 1 million square feet of residential and a Exposition Boulevard would be extended south. All four phasexs would have a total squarefootage of: 15 million squarre feet of retail, residential, office and civic/institution About 11 acres dedicated for an elementaryt school. About 21.
5 acres for academic uses, such as a possible UT “Boat Town” neighborhood with a waterfront plazaand marina. Phas e I would include about 80,00 square feet of retaio and 1.3 million square feet of All four phases would have a total squarefootagr of: 5.3 million square feet of residential, office and civic/institution space. Click for more informationn on the tract and details ofthe
Sunday, March 25, 2012
D.A. Collins will consolidate in Wilton; lease out space at renovated complex - Kansas City Business Journal:
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million to renovate the as it prepareas to consolidate and move its administrative offices withij thenext year. The company also is closed to signing a lease to house at least one lighyt manufacturing tenant in a portion ofits 138-acre Vice President Dan Collinse said. this week granted D.A. Collins and its real estate holdinyg company sales tax exemptions that are estimated to beworth $140,000 base d on $2 million in material costs. D.A. Collins Construction Co. currentlyt operates in Queensbury, Saratoga Schenectady, Stillwater and Wilton. It is the parenyt company for D.A. Collins Co.
, LLC, , , and “We’ve been planninhg do this for years, but we believe the timing is right nowbecause we’ve been growinh so much,” Collins said. The constructiob group will move 85 administrativr employees from its companies intoa 35,000-square-foot section of the Another 10 jobs are expected to be createdr by the second year. Average annual salaries will rangefrom $40,00 to $75,000, according to the company’s applicatioj filed with the industrial development agency.
“Oue feeling is, once we get the officeds built, people will start hearing about Collins said, figuring the consolidation of its own business will help markeg the site to attract office and manufacturing tenants. Wiltonh Supervisor Art Johnson, who sits on the industriap development agency, said future tenants of the park would be eligibls for property tax exemptions through the WDC of Upstate NewYork LLC, the D.A. Collinsz holding company, purchased the 138-acre complex with 300,000-plua square feet of buildings for $150,000 six years ago. The former statre developmental center, which closed in 1994, sat vacant for a decadse before D.A. Collins purchased the site.
Just last summer, Collins said expansion plans were being put on hold due tothe “We’re waiting for everything to align properly,” he said at the The company built a 41,000-square-foot maintenance facility on the property shortly after purchasing the land. “This is a big projecyt for the area,” said Dennis Brobston, president of the The economu has caused many companiese to back off on expansions over the past yearor more. But businessed are beginning to shop around for good Brobston said. He figures it won’ t be long before the developmental centedr property attracts companies interested inleasing property.
Collin has not yet set rates for leasiny spaceto tenants. He currently is seekin bids from subcontractors to perform the renovation work at thedevelopmental center. D.A. Collins will act as the general contractor, but nearly all other work will be farmedd outto subcontractors, he said. The company is planninv to sell or leasse some of its other properties once it finishes moving its officessto Wilton. Among those properties will bethe D.A. Collins property in Stillwater, which is not far from the , the futurew home of the GlobalFoundrieschip plant.
million to renovate the as it prepareas to consolidate and move its administrative offices withij thenext year. The company also is closed to signing a lease to house at least one lighyt manufacturing tenant in a portion ofits 138-acre Vice President Dan Collinse said. this week granted D.A. Collins and its real estate holdinyg company sales tax exemptions that are estimated to beworth $140,000 base d on $2 million in material costs. D.A. Collins Construction Co. currentlyt operates in Queensbury, Saratoga Schenectady, Stillwater and Wilton. It is the parenyt company for D.A. Collins Co.
, LLC, , , and “We’ve been planninhg do this for years, but we believe the timing is right nowbecause we’ve been growinh so much,” Collins said. The constructiob group will move 85 administrativr employees from its companies intoa 35,000-square-foot section of the Another 10 jobs are expected to be createdr by the second year. Average annual salaries will rangefrom $40,00 to $75,000, according to the company’s applicatioj filed with the industrial development agency.
“Oue feeling is, once we get the officeds built, people will start hearing about Collins said, figuring the consolidation of its own business will help markeg the site to attract office and manufacturing tenants. Wiltonh Supervisor Art Johnson, who sits on the industriap development agency, said future tenants of the park would be eligibls for property tax exemptions through the WDC of Upstate NewYork LLC, the D.A. Collinsz holding company, purchased the 138-acre complex with 300,000-plua square feet of buildings for $150,000 six years ago. The former statre developmental center, which closed in 1994, sat vacant for a decadse before D.A. Collins purchased the site.
Just last summer, Collins said expansion plans were being put on hold due tothe “We’re waiting for everything to align properly,” he said at the The company built a 41,000-square-foot maintenance facility on the property shortly after purchasing the land. “This is a big projecyt for the area,” said Dennis Brobston, president of the The economu has caused many companiese to back off on expansions over the past yearor more. But businessed are beginning to shop around for good Brobston said. He figures it won’ t be long before the developmental centedr property attracts companies interested inleasing property.
Collin has not yet set rates for leasiny spaceto tenants. He currently is seekin bids from subcontractors to perform the renovation work at thedevelopmental center. D.A. Collins will act as the general contractor, but nearly all other work will be farmedd outto subcontractors, he said. The company is planninv to sell or leasse some of its other properties once it finishes moving its officessto Wilton. Among those properties will bethe D.A. Collins property in Stillwater, which is not far from the , the futurew home of the GlobalFoundrieschip plant.
Friday, March 23, 2012
Ohio, colleges awarded $4M in Gates grants - Washington Business Journal:
ramsburgsyuheo1544.blogspot.com
The foundation’s Development Education Initiativeawarded $16.5 milliohn to Ohio, Connecticut, Florida, Texas and Virginia, as well as communit y colleges in each state. A communith college in North Carolina alsoreceived funding. The initiativde seeks to support programs that help students enrolled in remedial programs — so-called refresher courses for students who are not up to grade level in a given subject. The goal is to improv e classroom performance so students can go on to take advance courses and eventually graduate with a degredeor certificate.
The statse of Ohio was awarded $300,000 over a three-year period to develop a new performance-based funding system that rewardss community colleges for helping students completes remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followinbg fiveOhio schools: , , , and . The grantx will support various state and college including efforts to collect data and bettere track the performance ofremedial students, the foundatiom said. Click for a look at award recipientw nationwide.
The foundation’s Development Education Initiativeawarded $16.5 milliohn to Ohio, Connecticut, Florida, Texas and Virginia, as well as communit y colleges in each state. A communith college in North Carolina alsoreceived funding. The initiativde seeks to support programs that help students enrolled in remedial programs — so-called refresher courses for students who are not up to grade level in a given subject. The goal is to improv e classroom performance so students can go on to take advance courses and eventually graduate with a degredeor certificate.
The statse of Ohio was awarded $300,000 over a three-year period to develop a new performance-based funding system that rewardss community colleges for helping students completes remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followinbg fiveOhio schools: , , , and . The grantx will support various state and college including efforts to collect data and bettere track the performance ofremedial students, the foundatiom said. Click for a look at award recipientw nationwide.
Wednesday, March 21, 2012
High-end home builder Tall House liquidating - Triangle Business Journal:
viktorevaikubuwo.blogspot.com
which built some of the Triangle’s most expensive custok homes for the past33 years, has filedx for Chapter 7 bankruptcy. Tall which was helmed by founder, ownerr and President Richard submitted the filing on May 15 in the for the Easter n District ofNorth Carolina. The company listed $419,283 in assets and $629,173 in liabilities. Tall Housd representatives wouldn’t discuss the circumstancews that ledto liquidation. “I’m not going to make any comment,” Tilley said in a brief phone conversation. Bill Janvier, an attorney at Everett Gaskins in Raleigh who is representing Tall House in the also declinedto comment.
News of the filinhg surprised Ed Willer, a veteran residential real estate insider who is an agentrfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what caused Tilley’ds firm to have to declar e bankruptcy. “He’s well regarded, that’s all I can tell says Willer. The bankruptcy is a far cry from whenTall House’s $2.6 millioj average home price made it the Triangle’s No. 3 custom home builder, according to a list of thosde builders compiled by Triangle Business Journalin 2007.
Tall Houss catered to high-end customers, building just six homesz in 2006 with pricex rangingfrom $1.2 million to $5.45 million. The firm generateds $15.59 million in revenue that year, according to information providedd by the company to TBJ at that The Raleigh-based company, which was founded in 1976, built its homesa from custom designs approved by ownersa in prestigious areas and communitiews such as Wakefield, Rosemont, Country Club Hills and inside the The company generated nearlu $7.3 million in grosss income during its 2006-07 fiscal year, whicb ran from Nov. 1, 2006, throughb Oct. 31, 2007, the bankruptcy filing shows. That declinecd to about $5.2 million in 2007-08.
Grose income from Nov. 1, 2008, througnh May 15, 2009 totalef $6.2 million. Court document show that Tall House’s major creditors include , which has a claim for nearlhy $260,000, and Stock Loan Services LLC, whicbh is owed $231,000. Both have claimes related to a lot at the Hills of Rosemonty community inChatham County. “Atf Rosemont, we’re sad to see this says Kevin O’Neal, a salesman at Durham-based The Real Estate Company, whosre communities include Rosemont. “We were always happy to do busineszwith them.
” Tall House built several houses in the Rosemenrt community, though O’Neal says that the propertt mentioned in the bankruptcy filing is still a vacantg lot. O’Neal estimates that Tall House employed about five While officials involved with the filinh were mum about the financial problems that precipitatedthe it’s no secret that the housingy industry – especially at the high end has been battered by the economi c downturn. “It’s much more difficult today to get financingh fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builderds Association of Raleigh and Wake County.
“It’z really made it hard on the builderss in thatprice point.” One reasonn is that FHA loans will only go up to $417,500 in this If the price tag goes above that buyers have to get a secon loan called a “jumbo loan” from Jumbo loans have higher interest rates than FHA And while the jumbos do stilkl exist, they’re much more rare than they were before the economicc meltdown.
which built some of the Triangle’s most expensive custok homes for the past33 years, has filedx for Chapter 7 bankruptcy. Tall which was helmed by founder, ownerr and President Richard submitted the filing on May 15 in the for the Easter n District ofNorth Carolina. The company listed $419,283 in assets and $629,173 in liabilities. Tall Housd representatives wouldn’t discuss the circumstancews that ledto liquidation. “I’m not going to make any comment,” Tilley said in a brief phone conversation. Bill Janvier, an attorney at Everett Gaskins in Raleigh who is representing Tall House in the also declinedto comment.
News of the filinhg surprised Ed Willer, a veteran residential real estate insider who is an agentrfor . “I was shocked to hear about that,” says “He’s been around forever.” Willer wasn’t sure what caused Tilley’ds firm to have to declar e bankruptcy. “He’s well regarded, that’s all I can tell says Willer. The bankruptcy is a far cry from whenTall House’s $2.6 millioj average home price made it the Triangle’s No. 3 custom home builder, according to a list of thosde builders compiled by Triangle Business Journalin 2007.
Tall Houss catered to high-end customers, building just six homesz in 2006 with pricex rangingfrom $1.2 million to $5.45 million. The firm generateds $15.59 million in revenue that year, according to information providedd by the company to TBJ at that The Raleigh-based company, which was founded in 1976, built its homesa from custom designs approved by ownersa in prestigious areas and communitiews such as Wakefield, Rosemont, Country Club Hills and inside the The company generated nearlu $7.3 million in grosss income during its 2006-07 fiscal year, whicb ran from Nov. 1, 2006, throughb Oct. 31, 2007, the bankruptcy filing shows. That declinecd to about $5.2 million in 2007-08.
Grose income from Nov. 1, 2008, througnh May 15, 2009 totalef $6.2 million. Court document show that Tall House’s major creditors include , which has a claim for nearlhy $260,000, and Stock Loan Services LLC, whicbh is owed $231,000. Both have claimes related to a lot at the Hills of Rosemonty community inChatham County. “Atf Rosemont, we’re sad to see this says Kevin O’Neal, a salesman at Durham-based The Real Estate Company, whosre communities include Rosemont. “We were always happy to do busineszwith them.
” Tall House built several houses in the Rosemenrt community, though O’Neal says that the propertt mentioned in the bankruptcy filing is still a vacantg lot. O’Neal estimates that Tall House employed about five While officials involved with the filinh were mum about the financial problems that precipitatedthe it’s no secret that the housingy industry – especially at the high end has been battered by the economi c downturn. “It’s much more difficult today to get financingh fora million-dollar house than it was a year says Tim Minton, an executive vice president at the Home Builderds Association of Raleigh and Wake County.
“It’z really made it hard on the builderss in thatprice point.” One reasonn is that FHA loans will only go up to $417,500 in this If the price tag goes above that buyers have to get a secon loan called a “jumbo loan” from Jumbo loans have higher interest rates than FHA And while the jumbos do stilkl exist, they’re much more rare than they were before the economicc meltdown.
Monday, March 19, 2012
EPA chief tours Denver mixed-use development - The Business Journal of the Greater Triad Area:
uzirukynurylew.blogspot.com
Jackson, EPA’s administrator, and Denver Mayotr John Hickenloopertoured Highlands’ Gardens Village, a 27-acre mixed-use projecgt on the original site of Elitch Gardens amusement In 2005, Highlands’ Garden Village was awarded the EPA Nationa Award for Smart Growthj Achievement in the category of Overall Excellence. In the development received the ’s Award of Excellence for creative land-use developmentg and design.
In a statement, EPA said it is workinv with the federal departments of Transportationm and Housing and Urbamn Development to encourage communitieslike Highlands’ Gardenn Village that offer affordable housing and sustainables features close to schools, jobs and recreation. “Highlands’ Gardej Village is a great exampleof how, when we work we can bring about sociallgy and environmentally responsible development,” Hickenloopet said in a statement. “This community is a modeo for the country that shows we can create an alternative to urbanb sprawl and reduce greenhousr gas emissions without sacrificing our qualityof life.
”
Jackson, EPA’s administrator, and Denver Mayotr John Hickenloopertoured Highlands’ Gardens Village, a 27-acre mixed-use projecgt on the original site of Elitch Gardens amusement In 2005, Highlands’ Garden Village was awarded the EPA Nationa Award for Smart Growthj Achievement in the category of Overall Excellence. In the development received the ’s Award of Excellence for creative land-use developmentg and design.
In a statement, EPA said it is workinv with the federal departments of Transportationm and Housing and Urbamn Development to encourage communitieslike Highlands’ Gardenn Village that offer affordable housing and sustainables features close to schools, jobs and recreation. “Highlands’ Gardej Village is a great exampleof how, when we work we can bring about sociallgy and environmentally responsible development,” Hickenloopet said in a statement. “This community is a modeo for the country that shows we can create an alternative to urbanb sprawl and reduce greenhousr gas emissions without sacrificing our qualityof life.
”
Saturday, March 17, 2012
Tony Parker scores 25, Spurs build 27-point lead before holding off scuffling ... - Washington Post
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Los Angeles Times | Tony Parker scores 25, Spurs build 27-point lead before holding off scuffling ... Washington Post Tony Parker scored 25 points, Tim Duncan added 16 points and a season-high 19 rebounds, and the San Antonio Spurs beat Oklahoma City 114-105 on Friday night to inch closer to the first-place Thunder in the West standings. The Spurs are now three games . .. Spurs win at Oklahoma City, tighten West race Spurs build big lead, hold off Thunder 114-105 |
Thursday, March 15, 2012
EDS shareholders agree to sell company to HP - Triangle Business Journal:
1189126qun.blogspot.com
percent of the company’s common stockj voted for the sale, which allows HP to purchasew Plano, Texas-based EDS (NYSE: EDS) for $13.o9 billion. EDS, which has about 500 employees inth Raleigh-Durhamn area, anticipates that the transaction will close in the thirdd quarter of 2008. The sale is still subject to customary closinb conditions and requires the approval of certain and non-European Union jurisdictions. The cleared the EDS-HP merget in July after evaluating the sale for potential antitrust issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedr by EDS shareholders who initialluy had questions about terms of the As part of the settlement and dismissao ofthe lawsuits, EDS and HP agreed the transaction will not closw before Aug. 18 without the consent of all EDS was founded by Ross Perot in 1962 and owneeby (NYSE: GM) from 1984 to 1996. The combined EDS and Hewlett-Packarxd would have 210,000 pending any merger-related job cuts, and conduct business in more than80 countries.
percent of the company’s common stockj voted for the sale, which allows HP to purchasew Plano, Texas-based EDS (NYSE: EDS) for $13.o9 billion. EDS, which has about 500 employees inth Raleigh-Durhamn area, anticipates that the transaction will close in the thirdd quarter of 2008. The sale is still subject to customary closinb conditions and requires the approval of certain and non-European Union jurisdictions. The cleared the EDS-HP merget in July after evaluating the sale for potential antitrust issues. The companies’ waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvement Act is also EDS and HP recently settled five lawsuits filedr by EDS shareholders who initialluy had questions about terms of the As part of the settlement and dismissao ofthe lawsuits, EDS and HP agreed the transaction will not closw before Aug. 18 without the consent of all EDS was founded by Ross Perot in 1962 and owneeby (NYSE: GM) from 1984 to 1996. The combined EDS and Hewlett-Packarxd would have 210,000 pending any merger-related job cuts, and conduct business in more than80 countries.
Tuesday, March 13, 2012
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Denver Business Journal:
oryucyjofec1482.blogspot.com
U.S. Army officials worked feverishly over the past week topull St. John Propertiesz into the fold, fearful the projecty would come to a halt if Opus East filedx for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephonde interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’ree going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significang influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completed by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,000 privatew contracting jobs from companies that do business with the incominvg military agencies. The approved Opus East'sw selection of St. John Properties to take over the Governmenf and Technology Enterprise business park becauser of theBaltimore developer’s abilitty to move forward with new construction, Bob program director with the Army said in a statement. As in takintg over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardexd rights to developthe government-owned land under a lease with the Army in Novemberr 2007 and broke ground on its first buildiny in December of that year. Sincse then, the company became straddled with millionas of dollars in construction loans it has been unable to and the company has not started any new construction at the projecy for more thana year. The deal was inked June 19 betweehOpus East, St. John with the backing of the St. John and the Army Corps of Engineers issued statementsd Tuesday announcing the Witsaid St. John will pay Opus East an undiscloser amount of money for its developmenr rightsat Aberdeen. In connection with the St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defensed andgovernment business. “Aberdeen Proving Ground is excited abour moving the project forwardwith St. John Tim McNamara, APG deputy garrison said in a “We consider it a positive step to have theirf experienced management team spearheadingthe build-out of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcg protectionfor it’s Opus South subsidiary and for two more subsidiariess of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionasabout bankruptcy. The company was forced to relinquish its rightd to the Aberdeen project because it has been unable to financde morethan $50 million in constructiom loans it took out to finance its projects. Most pressingf among those debtsis $35 millionj the developer spent to buildf a new headquarters for the National Oceanic and Atmospherif Administration in College Park, for whichj it has sued the federal government to collect its wage on that project, Hewett St.
John plans to breaik ground in the next two monthd on at least three new buildings at the Harforfd Countymilitary base, with commitmenta from defense contractors for up to 300,00o0 square feet of office, research and developmeng space, Wit said. Wit did not disclosde the names of any of those Those buildings would be in addition toa 60,000-square-foot building Opus East completed in Decembedr 2008 for defense contractor CACI. “We view this developmenty as the most significanrt commercial real estate opportunity in the histor ofour company,” St. John Presidenft Edward A. St. John said in a statement.
“Thise is based on the amount of squarwe footage that can eventually be developed as well as the importan t work that will be completedby end-users that occup this space.” St. John Properties is the third-largesf property management firm in Greater with nearly 11 million square feet of commerciak space inthe region. But taking over the Aberdeen projectg represents a shift forthe company, which has soughtt to tap into the demand for government contracting spacwe up until now.
Wit said the companh has also sought in the past to buy land for its own rather than to lease property from the governmengt such as at Opus East preliminarily receivedx commitments from firms seeking space atits 413-acr Government and Technology Enterprise business park but did not start any additionall construction. The developer was unwillinvg to divide any of its buildingsinto multi-tenantedr space, Wit said, preferring instead to construct buildings for a single That’s created a pent-up demanxd for companies seeking from 5,000 square feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has brought, there’zs really only one building that Opus was able to build,” Wit “If you don’t have the place to park those people, if you don’t have the buildings to put them in, therse was going to be a real logistical
U.S. Army officials worked feverishly over the past week topull St. John Propertiesz into the fold, fearful the projecty would come to a halt if Opus East filedx for bankruptcy protection before an arrangement could be company spokesmanGerard J. Wit said in a telephonde interview Tuesday. “It was a real week-long effort to get this done,” Wit said. “We’ree going to get in and try to kick-starg this right away.” Aberdeen is gearing up for a significang influx of military jobs underthe Pentagon’s Base Realignmentr and Closure plan, expected to be completed by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,000 privatew contracting jobs from companies that do business with the incominvg military agencies. The approved Opus East'sw selection of St. John Properties to take over the Governmenf and Technology Enterprise business park becauser of theBaltimore developer’s abilitty to move forward with new construction, Bob program director with the Army said in a statement. As in takintg over the project, including (NYSE: OFC) and Manekin LLC.
Opus East was awardexd rights to developthe government-owned land under a lease with the Army in Novemberr 2007 and broke ground on its first buildiny in December of that year. Sincse then, the company became straddled with millionas of dollars in construction loans it has been unable to and the company has not started any new construction at the projecy for more thana year. The deal was inked June 19 betweehOpus East, St. John with the backing of the St. John and the Army Corps of Engineers issued statementsd Tuesday announcing the Witsaid St. John will pay Opus East an undiscloser amount of money for its developmenr rightsat Aberdeen. In connection with the St.
John has hired Opus East projecyt manager Matthew Holbrook to oversee the GATE project as its director of defensed andgovernment business. “Aberdeen Proving Ground is excited abour moving the project forwardwith St. John Tim McNamara, APG deputy garrison said in a “We consider it a positive step to have theirf experienced management team spearheadingthe build-out of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcg protectionfor it’s Opus South subsidiary and for two more subsidiariess of its Opus West regional Opus Corp.
spokeswoman Winston Hewett said Opus East is still evaluating its options but has not made any decisionasabout bankruptcy. The company was forced to relinquish its rightd to the Aberdeen project because it has been unable to financde morethan $50 million in constructiom loans it took out to finance its projects. Most pressingf among those debtsis $35 millionj the developer spent to buildf a new headquarters for the National Oceanic and Atmospherif Administration in College Park, for whichj it has sued the federal government to collect its wage on that project, Hewett St.
John plans to breaik ground in the next two monthd on at least three new buildings at the Harforfd Countymilitary base, with commitmenta from defense contractors for up to 300,00o0 square feet of office, research and developmeng space, Wit said. Wit did not disclosde the names of any of those Those buildings would be in addition toa 60,000-square-foot building Opus East completed in Decembedr 2008 for defense contractor CACI. “We view this developmenty as the most significanrt commercial real estate opportunity in the histor ofour company,” St. John Presidenft Edward A. St. John said in a statement.
“Thise is based on the amount of squarwe footage that can eventually be developed as well as the importan t work that will be completedby end-users that occup this space.” St. John Properties is the third-largesf property management firm in Greater with nearly 11 million square feet of commerciak space inthe region. But taking over the Aberdeen projectg represents a shift forthe company, which has soughtt to tap into the demand for government contracting spacwe up until now.
Wit said the companh has also sought in the past to buy land for its own rather than to lease property from the governmengt such as at Opus East preliminarily receivedx commitments from firms seeking space atits 413-acr Government and Technology Enterprise business park but did not start any additionall construction. The developer was unwillinvg to divide any of its buildingsinto multi-tenantedr space, Wit said, preferring instead to construct buildings for a single That’s created a pent-up demanxd for companies seeking from 5,000 square feet to upward of 20,000 square feet, Wit “For all the hoopla that BRAC has brought, there’zs really only one building that Opus was able to build,” Wit “If you don’t have the place to park those people, if you don’t have the buildings to put them in, therse was going to be a real logistical
Sunday, March 11, 2012
State offers film crew training for unemployed - New Mexico Business Weekly:
ycoguqi.wordpress.com
The Department of Workforces Solutions will partner with the Film Officer to locate New Mexicans with transferable skillxs and prepare them withintensive training. The program will offer training forunemployed painters, sheet metal fabricators, welders and The film and media industriexs are flourishing, said Gov. Bill Richardson, and there is demandf for these skills. An open orientation session will take placee April 3 at the Workforce Connection Center in 501 MountainRoad NE., from 8:15 to 11:45 a.m. The sessiom will be presented by the Film Office and the International Alliance of Theatrical StageEmployees (IATSE) Loca 480.
Four film crew professionald will explain their crafts and how they relatw toother workers’ specific skills. They will also spealk about tailoring resumes to thefilm industry. For more informatio n or to register, call (505) 660-519t or send an e-mail to tobi@nmfilm.com.
The Department of Workforces Solutions will partner with the Film Officer to locate New Mexicans with transferable skillxs and prepare them withintensive training. The program will offer training forunemployed painters, sheet metal fabricators, welders and The film and media industriexs are flourishing, said Gov. Bill Richardson, and there is demandf for these skills. An open orientation session will take placee April 3 at the Workforce Connection Center in 501 MountainRoad NE., from 8:15 to 11:45 a.m. The sessiom will be presented by the Film Office and the International Alliance of Theatrical StageEmployees (IATSE) Loca 480.
Four film crew professionald will explain their crafts and how they relatw toother workers’ specific skills. They will also spealk about tailoring resumes to thefilm industry. For more informatio n or to register, call (505) 660-519t or send an e-mail to tobi@nmfilm.com.
Thursday, March 8, 2012
Woodland Corporate Center building gets LEED gold certification - Charlotte Business Journal:
http://traillscrestloft.com/in-the-city-cheap-hotels-booking.html
The building, which opened early last was designed and built to meet the second highest ranking ofthe Council’sx Leadership in Energy and Environmental was the general contractor. Liberty Property Trust Vice Presidenrt Jody Johnston estimates the cost of building to greenm standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsey by lower energy Special features include showers and lockerse for workers who need to wash or changde clothes after they bike or jog to A deck made of recycled plastivc borders the back of the building, overlookinvg a wetlands area that provides shade.
Landscapingh incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recycling are placefd near trash bins for Restroom urinals conserve water by relying on gravity and a filtef insteadof water. That feature is expected to save 360,000o gallons annually since each urinal uses anestimates 40,000 gallons annually, Johnston said. Grass surroundinhg the parking lot soaksup rainwater. And a recycled rubber, was used insteadx of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodlanf Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapte r of the and the “Green Buildinyg Design Award” from the Hillsborough City-County Planning Commission in Tampa. Liberty LRY) has developed and leased 19 buildings with nearluy 1 million square feet of spacee in the parksincs 1996. Key park tenants include , Travel and .
The building, which opened early last was designed and built to meet the second highest ranking ofthe Council’sx Leadership in Energy and Environmental was the general contractor. Liberty Property Trust Vice Presidenrt Jody Johnston estimates the cost of building to greenm standards added an additional 5 percent to the overalldevelopment costs, but that will be more than offsey by lower energy Special features include showers and lockerse for workers who need to wash or changde clothes after they bike or jog to A deck made of recycled plastivc borders the back of the building, overlookinvg a wetlands area that provides shade.
Landscapingh incorporates drought-resistant plants native to A white reflective roof deflectsthe sun. Bins for recycling are placefd near trash bins for Restroom urinals conserve water by relying on gravity and a filtef insteadof water. That feature is expected to save 360,000o gallons annually since each urinal uses anestimates 40,000 gallons annually, Johnston said. Grass surroundinhg the parking lot soaksup rainwater. And a recycled rubber, was used insteadx of asphalt around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodlanf Blvd.
, received the “Office Building of the Award from the Tampa Bay Chapte r of the and the “Green Buildinyg Design Award” from the Hillsborough City-County Planning Commission in Tampa. Liberty LRY) has developed and leased 19 buildings with nearluy 1 million square feet of spacee in the parksincs 1996. Key park tenants include , Travel and .
Tuesday, March 6, 2012
Analyst raises AMR
elisovadinaimar.blogspot.com
He attributes this gain in optimism to the fact that American reported a lower than expected loss for theseconfd quarter. Derchin is even more positive abouft 2010, raising the company’s expectedd loss of 29 cents per share in 2010 to the predictionn that willbreak even. Derchin also totefd American’s ability to execute cost control andthe company’s overall competitiveness in the market for his improvee outlook. “Management has a culture of cost control and financialp prudence which helped them avoid bankruptcy inthe post-9/11 Derchin’s report said. “In fact, unit costse excluding labor, are among the lowestt in the industry.
”
He attributes this gain in optimism to the fact that American reported a lower than expected loss for theseconfd quarter. Derchin is even more positive abouft 2010, raising the company’s expectedd loss of 29 cents per share in 2010 to the predictionn that willbreak even. Derchin also totefd American’s ability to execute cost control andthe company’s overall competitiveness in the market for his improvee outlook. “Management has a culture of cost control and financialp prudence which helped them avoid bankruptcy inthe post-9/11 Derchin’s report said. “In fact, unit costse excluding labor, are among the lowestt in the industry.
”
Sunday, March 4, 2012
Bernstein-Rein lays off staff, warns of more - Kansas City Business Journal:
lyubomiradete.blogspot.com
Steve Bernstein, president of Bernstein-Rein, indicated that an unspecified number of future cuts may be The layoffs came in several departmentw during the course ofrecent weeks, he said. Bernstein citef the poor economy, less client spendinvg on advertising and reduced margins from billing as factorx drivingthe layoffs. “I’d say with everybody, thers is a tightening of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stood at 253 compared with 351 inMarch 2007. Bernstein-Rein, for many years No.
1 on the Kansas City BusinessJournal ’ s list of top area advertising has been supplanted the past two years by Bernsteib said layoffs after losing accounts with and the in combined with natural attrition, resulted in the lowet employee count. “There’s no doubt losing Wal-Mart and and the economy have made us asmallee agency,” Bernstein said. Gross income was $45.1 millionj in 2008, down more than 9 percent from its 2007 totalof $49.7 million. one of Kansas City’s best-known and longest-standing ad has hardly been alone in cutting jobs in theslippinh economy.
Kansas City-based let go of about 30 employeesin February, or 10 percen t of its total work force. Wichita-based cut jobs in its Kansae City office, though it didn’t specify how In the public relations industry, which often intersectss with localadvertising firms, let go of aboutf 13 employees in February. A year ago, well before the effectt of the recession wasfully apparent, several agencu executives said a slowing economy presented an opportunityu because they expected clients to ramp up marketingb and advertising efforts. Few are saying that now.
“Thi isn’t the nicest environment these saidPete Kovac, CEO of “I don’t thinkj anyone realized how bad things were in September and October when budgetsx were being locked.” Industru executives said clients in the curren t economy also are less willing to commif to long-term authorizations with a single opting instead at times for monthly or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’rer not going to stop, but there’s stuff to watch,” said Phil Bressler, partner with . Bernsteij said clients also were moving away from payingfmedia commissions.
A traditional and increasinglyoutdatesd approach, the commissions pay a percentagee of a media buy back to the agency. He said that method of payment has fallen out of favor with clients who suspect that their advertising is pushed intoineffective media. Alternat billing methods haven’t alwayas provided the same high margins asmedisa commissions. “We’ve let the margin disappeard too much,” Bernstein said.
Steve Bernstein, president of Bernstein-Rein, indicated that an unspecified number of future cuts may be The layoffs came in several departmentw during the course ofrecent weeks, he said. Bernstein citef the poor economy, less client spendinvg on advertising and reduced margins from billing as factorx drivingthe layoffs. “I’d say with everybody, thers is a tightening of the beltwith everybody’s marketing Bernstein said. The company’s most recent head count stood at 253 compared with 351 inMarch 2007. Bernstein-Rein, for many years No.
1 on the Kansas City BusinessJournal ’ s list of top area advertising has been supplanted the past two years by Bernsteib said layoffs after losing accounts with and the in combined with natural attrition, resulted in the lowet employee count. “There’s no doubt losing Wal-Mart and and the economy have made us asmallee agency,” Bernstein said. Gross income was $45.1 millionj in 2008, down more than 9 percent from its 2007 totalof $49.7 million. one of Kansas City’s best-known and longest-standing ad has hardly been alone in cutting jobs in theslippinh economy.
Kansas City-based let go of about 30 employeesin February, or 10 percen t of its total work force. Wichita-based cut jobs in its Kansae City office, though it didn’t specify how In the public relations industry, which often intersectss with localadvertising firms, let go of aboutf 13 employees in February. A year ago, well before the effectt of the recession wasfully apparent, several agencu executives said a slowing economy presented an opportunityu because they expected clients to ramp up marketingb and advertising efforts. Few are saying that now.
“Thi isn’t the nicest environment these saidPete Kovac, CEO of “I don’t thinkj anyone realized how bad things were in September and October when budgetsx were being locked.” Industru executives said clients in the curren t economy also are less willing to commif to long-term authorizations with a single opting instead at times for monthly or quarterly engagements. “It’s ... Clearly every client got the letter from the CEO thatsays we’rer not going to stop, but there’s stuff to watch,” said Phil Bressler, partner with . Bernsteij said clients also were moving away from payingfmedia commissions.
A traditional and increasinglyoutdatesd approach, the commissions pay a percentagee of a media buy back to the agency. He said that method of payment has fallen out of favor with clients who suspect that their advertising is pushed intoineffective media. Alternat billing methods haven’t alwayas provided the same high margins asmedisa commissions. “We’ve let the margin disappeard too much,” Bernstein said.
Friday, March 2, 2012
Md. colleges given $11M to combat nursing shortage - Los Angeles Business from bizjournals:
takes-trendsthe.blogspot.com
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultyu and students, and improve technology at the universities. Maryland’se nursing shortage is expected toreacnh 10,000 by 2016, according to the . The current vacancyt rate of nurses at statwe hospitals is8 percent. The economic downturn has helpeds the industry because many retiresd nurses have come back to but once the recessioj ends the shortagewill worsen, said Carmela Coyle, CEO of the Marylanxd Hospital Association. The first round of grants will increasw the number of nurses graduating by 300 students and add 20 facultty positions at nursing programs acrossthe state.
“Ther number of nurses graduating from Marylanxd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinfg demand.” The campaign’s goal is to add 1,50 0 new nursing students. The program has raisedd $15.5 million to date through the state’a business community, including funds from the Baltimorde constructionform , , the region's largest hospital system, and , the region'a largest health insurer. Greater Baltimorse Medical Center, for example, gave $500,000.
The goal is to raisd $20 million from the private sectoer by the end ofthe year, and then raise an additio $40 million in local and federal funds. • • • • • ; and, • .
The grants, being divvied among 17 Marylandnursing schools, will be used to lure facultyu and students, and improve technology at the universities. Maryland’se nursing shortage is expected toreacnh 10,000 by 2016, according to the . The current vacancyt rate of nurses at statwe hospitals is8 percent. The economic downturn has helpeds the industry because many retiresd nurses have come back to but once the recessioj ends the shortagewill worsen, said Carmela Coyle, CEO of the Marylanxd Hospital Association. The first round of grants will increasw the number of nurses graduating by 300 students and add 20 facultty positions at nursing programs acrossthe state.
“Ther number of nurses graduating from Marylanxd schools are simplynot enough,” said Ronald B. president of and co-chair of the “Who Will campaign at a press conference Monday. “We cannot take our eye off thenursinfg demand.” The campaign’s goal is to add 1,50 0 new nursing students. The program has raisedd $15.5 million to date through the state’a business community, including funds from the Baltimorde constructionform , , the region's largest hospital system, and , the region'a largest health insurer. Greater Baltimorse Medical Center, for example, gave $500,000.
The goal is to raisd $20 million from the private sectoer by the end ofthe year, and then raise an additio $40 million in local and federal funds. • • • • • ; and, • .
Wednesday, February 29, 2012
Lumiere stops recognizing warring union, affecting 750 workers - St. Louis Business Journal:
coras-newport.blogspot.com
Lawyers representing managementat -owned Lumiere sent letteras Thursday to representatives of Local 74 and its , announcing a withdrawall of recognition of Local 74. “Thre union has evinced a lack of continuity of altering the identity of the bargainingh representative and establishing a fundamental change in thebargainin representatives,” DLA Piper lawyers representing Lumiere wrotr to Dave Morton of Unite HERE Locap 74 and Noel Beasley of Workers United. Lumiers started receiving competing claims about whicj union was representing its kitchen andhousekeepingf workers, creating confusion about the official union said Todd George, general manager and vice presidengt at Lumiere.
“Our hope was that the unions woulfd be able to work this outamongstr themselves,” he said. “We’re trying to stay out of the middlse of thesecompeting unions.” He said Lumierw notified workers Thursday of the company’s decisionn to not recognize the As a result, Local 74 filed unfair labor practice charges with the National Labor Relations Board, said Morton, the organizinh director for Local 74, who called Pinnacle's actionsa "unlawful" and "ludicrous." “This has been nothintg more than an attempt by (Pinnaclr Chairman and CEO) Dan Lee and the head of Pinnacle Entertainment to be anti-union,” he said.
Mortonh said the union would consider picketingbut hasn'tg made any decisions yet. When asked about the possibilitt of a strike orotherd action, George said: “We would hope that would not be the especially in this type of economy. That’s not the way we woulfd like to proceed.” If there is a Lumiere has a righrt to replace any workers who walk offthe job, according to Mack a Lumiere spokesman. Unite HERE was formeds in 2004when Unite, a garment workersx union, and Hotel Employees and Restaurang Employees Union joined forces.
But the marriagew wasn’t a happy one, with garmenty workers claiming that the newleadership didn’t care aboutf their needs, leading to a lot of disgruntled workers So in March, some workers defectef to create Workers United, whic has been competing with Unitd HERE to represent workers nationwide ever Local 74 voted in March to leaves Unite HERE to become a part of Workers Morton said. Workers United is now affiliated withlabodr giant, . Pinnacle Entertainment Inc.
(NYSE: PNK) is based in Las
Lawyers representing managementat -owned Lumiere sent letteras Thursday to representatives of Local 74 and its , announcing a withdrawall of recognition of Local 74. “Thre union has evinced a lack of continuity of altering the identity of the bargainingh representative and establishing a fundamental change in thebargainin representatives,” DLA Piper lawyers representing Lumiere wrotr to Dave Morton of Unite HERE Locap 74 and Noel Beasley of Workers United. Lumiers started receiving competing claims about whicj union was representing its kitchen andhousekeepingf workers, creating confusion about the official union said Todd George, general manager and vice presidengt at Lumiere.
“Our hope was that the unions woulfd be able to work this outamongstr themselves,” he said. “We’re trying to stay out of the middlse of thesecompeting unions.” He said Lumierw notified workers Thursday of the company’s decisionn to not recognize the As a result, Local 74 filed unfair labor practice charges with the National Labor Relations Board, said Morton, the organizinh director for Local 74, who called Pinnacle's actionsa "unlawful" and "ludicrous." “This has been nothintg more than an attempt by (Pinnaclr Chairman and CEO) Dan Lee and the head of Pinnacle Entertainment to be anti-union,” he said.
Mortonh said the union would consider picketingbut hasn'tg made any decisions yet. When asked about the possibilitt of a strike orotherd action, George said: “We would hope that would not be the especially in this type of economy. That’s not the way we woulfd like to proceed.” If there is a Lumiere has a righrt to replace any workers who walk offthe job, according to Mack a Lumiere spokesman. Unite HERE was formeds in 2004when Unite, a garment workersx union, and Hotel Employees and Restaurang Employees Union joined forces.
But the marriagew wasn’t a happy one, with garmenty workers claiming that the newleadership didn’t care aboutf their needs, leading to a lot of disgruntled workers So in March, some workers defectef to create Workers United, whic has been competing with Unitd HERE to represent workers nationwide ever Local 74 voted in March to leaves Unite HERE to become a part of Workers Morton said. Workers United is now affiliated withlabodr giant, . Pinnacle Entertainment Inc.
(NYSE: PNK) is based in Las
Monday, February 27, 2012
Aurora's Southlands shopping center damaged by tornado - Business First of Columbus:
http://www.murtoughsupply.com/2008/02/24/in-toledo-promises-of-change-ring-hollow/
A twister reportedly touched down nearbhat 1:49 p.m. Sunday and crossed through the area on an eightto 10-mile-long path for about 30 the said. . Firefighters foune moderate damage at locatedat E-470 and Smoky Hill Road, CBS4 News Rooftop heating, venting and air-conditioning unit s were damaged, windows were broken, a shed was and a car was overturned. Natural-ga s leaks also were noted. Authoritie shut down gas service to Southlands earltySunday afternoon.
No serious injuries were reporter onthe shopping-center grounds, but a man in a nearbt neighborhood who was trying to take pictures reportedlyg was hospitalized with unspecified serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'as stores will be closed Monday to allos for continued damage assessment. She said customers shoulxd call individual stores to verifhy whether they are closedor open. which opened in 2006, is the Denver area'ds largest shopping center by retail space, at 1.7 millionh square feet. It consistz of several freestanding buildings connectesd by pedestrian corridorsand streets.
The complec is owned by Granite Southlands Town Center LLC and managed by Foresf City CommercialManagement Inc. Four other tornadoes were spotted nortu and east of DenverSunday afternoon, and baseball-sized hail strucik some areas. As many as 3,00o customers were without power for a time in partsw of Auroraand Centennial. .
A twister reportedly touched down nearbhat 1:49 p.m. Sunday and crossed through the area on an eightto 10-mile-long path for about 30 the said. . Firefighters foune moderate damage at locatedat E-470 and Smoky Hill Road, CBS4 News Rooftop heating, venting and air-conditioning unit s were damaged, windows were broken, a shed was and a car was overturned. Natural-ga s leaks also were noted. Authoritie shut down gas service to Southlands earltySunday afternoon.
No serious injuries were reporter onthe shopping-center grounds, but a man in a nearbt neighborhood who was trying to take pictures reportedlyg was hospitalized with unspecified serious injuries, according to news A Southlands spokeswoman told CBS4 most of the center'as stores will be closed Monday to allos for continued damage assessment. She said customers shoulxd call individual stores to verifhy whether they are closedor open. which opened in 2006, is the Denver area'ds largest shopping center by retail space, at 1.7 millionh square feet. It consistz of several freestanding buildings connectesd by pedestrian corridorsand streets.
The complec is owned by Granite Southlands Town Center LLC and managed by Foresf City CommercialManagement Inc. Four other tornadoes were spotted nortu and east of DenverSunday afternoon, and baseball-sized hail strucik some areas. As many as 3,00o customers were without power for a time in partsw of Auroraand Centennial. .
Saturday, February 25, 2012
bizjournals: Search Results
gavrilovaefivu.blogspot.com
. Deutsch & Sons, GESD Capitalp Partners...... by on June 10, 2008 ...E.& . Gallo and Beam Wine Estatezs Inc. said Monday they agreed that by onJuly 30, 2007 ...Constellation Diageo, E& Gallo, Kendall-Jackson, the Wine Group, Bronco Wine Co. -- to small, family-owned or nichde that also need to...... by on Decembeer 29, 2006 ...Modesto-based E& Gallo, the largesyt wine company...Barefoot does not own a or any but buys...... on January 17, 2005 ...firsgt release of " . Garcia," created by a partnershipl between the Jerry Garcia Estate LLCand Geyserville-baseed Clos du Bois , sold out on June 7, 2004 ...E& -- which includes Galllo of Sonoma -- is pursuing a $30 milliobn lawsuit......
on April 14, 2003 ... . Walterd Thompson/West is bringing in an outsids creative expertto help...... by on September 22, 1997 New Vine a Napa wine shipping and fulfillment company that sent the wine businese into a tizzy in recent days byabruptlyt suspending...... by on June 1, 2009 ...Museum of Modermn Art, the Wine Merchant in San Francisck andin Healdsburg, is trackingv to do $1 million in revenue by on April 9, 2007 ...63 Wrap-It had about 10 workers. Customere include Viansa , Winery, Cline Cellars, Clos du Val Wine Co., Fishetr Vineyards and...... by on March 9, 2007 ...inj 2001, has more than 130 customers in the Sonoma and CentralCoast regions.
They include Cline Cellars, Clos du Val...... by on Augus t 16, 2006 ADVERTISING Advertising agency McCann Worldgroup San Franciscoo named Paul Caiozzo senior vice creative director. Caiozzo was previously associate creative directo r atCrispin Porter...... on May 18, 2009 ...air conditioning, San Mateo'z .W. McClenahan Co. for plumbing...nabse $2M from Kight, Quivira Healthcare Foundation Northern Sonoma by onMay 15, 2009 the Gap and the .M. Smucker Co. It now...Demeter Groupl advised FlowersVineyard & , a Sonoma Coast luxurh brand......
by on March 13, 2009 Advertisingh / Marketing / Public Relations Evolution Bureau of San Francisc hired Barbara Tejada as creative Tejada joins the digitao adagency from...... on February 23, 2009 ARCHITECTURE/DESIGNN SmithGroupâs San Francisco office promoteeMatthew Davis, Reaz Haque, Sonia Nish Kothari, Kenneth Lerch, Nancy Ludlow, and Sally Whiteley to CONSULTING...... on October 27, 2008 ...onn the East Coast. She was also marketing manage rfor E.& . Gallo and also managetr of finance for the NBC Today Show. Robert...... by on Octobee 14, 2008 ...
senior vice president of sales and exporty director forPaso Robles' Treana , plans to attenr the IFE India 2008 International Food, Drin and Hospitality...... by on September 5, 2008 ...Vineyardds LLC, a family-owned in Napa's Atlase Peak...Cobblestone's brand manager, P. . Ochlan. The vineyard, is by on August 28, 2008 Advertisingf Ozone Online, a San Franciscio online advertising firm, hired Martin Fisher as chief technica officer and Carrie Jennings as director ofclientf services.......
on August 25, 2008
. Deutsch & Sons, GESD Capitalp Partners...... by on June 10, 2008 ...E.& . Gallo and Beam Wine Estatezs Inc. said Monday they agreed that by onJuly 30, 2007 ...Constellation Diageo, E& Gallo, Kendall-Jackson, the Wine Group, Bronco Wine Co. -- to small, family-owned or nichde that also need to...... by on Decembeer 29, 2006 ...Modesto-based E& Gallo, the largesyt wine company...Barefoot does not own a or any but buys...... on January 17, 2005 ...firsgt release of " . Garcia," created by a partnershipl between the Jerry Garcia Estate LLCand Geyserville-baseed Clos du Bois , sold out on June 7, 2004 ...E& -- which includes Galllo of Sonoma -- is pursuing a $30 milliobn lawsuit......
on April 14, 2003 ... . Walterd Thompson/West is bringing in an outsids creative expertto help...... by on September 22, 1997 New Vine a Napa wine shipping and fulfillment company that sent the wine businese into a tizzy in recent days byabruptlyt suspending...... by on June 1, 2009 ...Museum of Modermn Art, the Wine Merchant in San Francisck andin Healdsburg, is trackingv to do $1 million in revenue by on April 9, 2007 ...63 Wrap-It had about 10 workers. Customere include Viansa , Winery, Cline Cellars, Clos du Val Wine Co., Fishetr Vineyards and...... by on March 9, 2007 ...inj 2001, has more than 130 customers in the Sonoma and CentralCoast regions.
They include Cline Cellars, Clos du Val...... by on Augus t 16, 2006 ADVERTISING Advertising agency McCann Worldgroup San Franciscoo named Paul Caiozzo senior vice creative director. Caiozzo was previously associate creative directo r atCrispin Porter...... on May 18, 2009 ...air conditioning, San Mateo'z .W. McClenahan Co. for plumbing...nabse $2M from Kight, Quivira Healthcare Foundation Northern Sonoma by onMay 15, 2009 the Gap and the .M. Smucker Co. It now...Demeter Groupl advised FlowersVineyard & , a Sonoma Coast luxurh brand......
by on March 13, 2009 Advertisingh / Marketing / Public Relations Evolution Bureau of San Francisc hired Barbara Tejada as creative Tejada joins the digitao adagency from...... on February 23, 2009 ARCHITECTURE/DESIGNN SmithGroupâs San Francisco office promoteeMatthew Davis, Reaz Haque, Sonia Nish Kothari, Kenneth Lerch, Nancy Ludlow, and Sally Whiteley to CONSULTING...... on October 27, 2008 ...onn the East Coast. She was also marketing manage rfor E.& . Gallo and also managetr of finance for the NBC Today Show. Robert...... by on Octobee 14, 2008 ...
senior vice president of sales and exporty director forPaso Robles' Treana , plans to attenr the IFE India 2008 International Food, Drin and Hospitality...... by on September 5, 2008 ...Vineyardds LLC, a family-owned in Napa's Atlase Peak...Cobblestone's brand manager, P. . Ochlan. The vineyard, is by on August 28, 2008 Advertisingf Ozone Online, a San Franciscio online advertising firm, hired Martin Fisher as chief technica officer and Carrie Jennings as director ofclientf services.......
on August 25, 2008
Thursday, February 23, 2012
Solar Array, Gen. Mills detail expansions - Pacific Business News (Honolulu):
humojo.wordpress.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keity Bone, general manager of the local facility, told memberss of . AED held its quarterly meetinb Thursdayat . Joe president and CEO of SolarArray Ventures, outlinedd his company’s plan to build a massive solar manufacturinfg plant on the city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60 additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 milliojn in spending to New Mexico.
The Albuquerque City Council approveda $100 million industrial revenude bond deal for the company in BE&K Corp. from North Carolina lander the design/build contract to builed the expansion, but Bone said 80 percent of the firm’d spending and employees will be local. The precast panelse being used in the constructioh are manufactured in General Mills has been in Albuquerquesince 1991. Its current facilitgy is located near Paseo del Norte and Edith and has 190 with an annual payrollof $12 million, said Bone. The 275,000-square-foo plant produces about 135 million pounds annually of 35differeng cereals.
The facility also has a lab on-sitr where the instructions for baking Generakl Mills products at high altitudeszare created. The company has given about $5 millio n to area nonprofits since 1998and $519,000 in Bone added. Don chairman of AED, said the cereal company’s donations illustrat one of the things the organizationm looks for inrecruiting companies: community Hudgins said Solar Array plans to break ground by the thirs quarter of this year on a 225,000-square-foort thin-film photovoltaic manufacturing plant in the Cordero Mesa business park, west of the mattress factory.
The company plans to add threre more buildings of that size as it he said, with each facilityu employing about 225. Its annual payroll in the first phase wouldbe $14 million. About five percent of the jobs woul dpay $100,000, 45 percen t would pay $70,000 and half of the jobs woulde pay $45,000. The capitao investment for the first phase willbe $170 million and the compan would spend $40 millionm annually for raw materials. The first phasre is expected to have a capacitt of75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will serve as a communitu and educational center.
Solar Array is seeking $175 million in industrial revenue bonds fromBernalillo County. The companyh is working to raise $210 million in debt and equity, Hudginsx said. Hudgins said New Mexico beat out two other statese forthe plant, despite the fact that it did not offe r the largest incentives. But the coordination among localp and state government officials and other parties made New Mexic far more efficient in establishing a planning framework that the compan could then use to plan a budgetr forthe plant, he said “Thaft was a major issue for us,” Hudginsw said. He also praised the labodr force here and theeducational institutions.
The facility is beinh designed byPageSoutherlandPage LLP, whichg has Texas offices in Austin, Dallasw and Houston, as well as Washington, D.C. and London, U.K. Hoffmanm Construction, based in Portland, Ore., is buildingf the facility.
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keity Bone, general manager of the local facility, told memberss of . AED held its quarterly meetinb Thursdayat . Joe president and CEO of SolarArray Ventures, outlinedd his company’s plan to build a massive solar manufacturinfg plant on the city’s General Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60 additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 milliojn in spending to New Mexico.
The Albuquerque City Council approveda $100 million industrial revenude bond deal for the company in BE&K Corp. from North Carolina lander the design/build contract to builed the expansion, but Bone said 80 percent of the firm’d spending and employees will be local. The precast panelse being used in the constructioh are manufactured in General Mills has been in Albuquerquesince 1991. Its current facilitgy is located near Paseo del Norte and Edith and has 190 with an annual payrollof $12 million, said Bone. The 275,000-square-foo plant produces about 135 million pounds annually of 35differeng cereals.
The facility also has a lab on-sitr where the instructions for baking Generakl Mills products at high altitudeszare created. The company has given about $5 millio n to area nonprofits since 1998and $519,000 in Bone added. Don chairman of AED, said the cereal company’s donations illustrat one of the things the organizationm looks for inrecruiting companies: community Hudgins said Solar Array plans to break ground by the thirs quarter of this year on a 225,000-square-foort thin-film photovoltaic manufacturing plant in the Cordero Mesa business park, west of the mattress factory.
The company plans to add threre more buildings of that size as it he said, with each facilityu employing about 225. Its annual payroll in the first phase wouldbe $14 million. About five percent of the jobs woul dpay $100,000, 45 percen t would pay $70,000 and half of the jobs woulde pay $45,000. The capitao investment for the first phase willbe $170 million and the compan would spend $40 millionm annually for raw materials. The first phasre is expected to have a capacitt of75 megawatts, but that would grow to 300 mw with the full The plant also will have a space that will serve as a communitu and educational center.
Solar Array is seeking $175 million in industrial revenue bonds fromBernalillo County. The companyh is working to raise $210 million in debt and equity, Hudginsx said. Hudgins said New Mexico beat out two other statese forthe plant, despite the fact that it did not offe r the largest incentives. But the coordination among localp and state government officials and other parties made New Mexic far more efficient in establishing a planning framework that the compan could then use to plan a budgetr forthe plant, he said “Thaft was a major issue for us,” Hudginsw said. He also praised the labodr force here and theeducational institutions.
The facility is beinh designed byPageSoutherlandPage LLP, whichg has Texas offices in Austin, Dallasw and Houston, as well as Washington, D.C. and London, U.K. Hoffmanm Construction, based in Portland, Ore., is buildingf the facility.
Tuesday, February 21, 2012
Readers to Astros: Let us bring food, drinks to games - The Business Journal of Milwaukee:
wilhelminadora4287.blogspot.com
The Astros are the only team to impose restrictions on bringing food or drink into the park for Ofthe 1,133 HBJ reader responses, 76 percent thoughft the team should relax this policy. Amont the 20 percent who thought the restrictions were just fine wasMichaelp Mengden, who commented that ticket prices woule increase if food wasn’t being purchased. “If theatersx allowed this the tickets wouldbe $50 because then no one would buy the $5 coke that costsx the theater a he wrote. “Even at $8 a beer it is still cold and you don’tg have to lug it blocks and blocks to get it Other readers thought a good compromisre would be to reduce food and drink prices atthe park.
“Youi don’t have to allow outside food and just get to lower the prices on the food and beverageethey serve. $8 for a beer, puhlease!” wrote Becci Himes. “Sinc our taxes helped subsidize the baseballpalace ... the team should subsidize the costof refreshments,” wrotr HBJ Publisher John Beddow. Reader Tim Thomas thought the Astro should take a hintfrom . “They alloq the fan to bring in a smalp cooler with food and drink with no restrictionn as tothe contents,” he “The prices for seats are comparable to that of the other Majort League sports.
There is also a midwat at each NASCAR event that you can chose to purchas food from if that is what you wantto do. If, in other franchises have beguj this practice and there is an increasde in ticketsales then, as a businessperson, I would implement this program quickly. Everyone is looking for a bargain in this currenfteconomic crunch. I fall into the same categoryu as many are looking for budget friendly I would actually consider going to more games if this wereto Meanwhile, Margie Stinson wrote that she coul d be swayed to once again purchase season tickets if the team relaxed the restrictions.
“Ticket concessions are but they do the season ticket holdert nogood whatsoever,” she said. “k don’t plan to renew my season tickets next but would think twice about it if we were allowed to bringv in outside foodand beverages. Have you triexd to find more than one or two healtht snacks at theball park?”
The Astros are the only team to impose restrictions on bringing food or drink into the park for Ofthe 1,133 HBJ reader responses, 76 percent thoughft the team should relax this policy. Amont the 20 percent who thought the restrictions were just fine wasMichaelp Mengden, who commented that ticket prices woule increase if food wasn’t being purchased. “If theatersx allowed this the tickets wouldbe $50 because then no one would buy the $5 coke that costsx the theater a he wrote. “Even at $8 a beer it is still cold and you don’tg have to lug it blocks and blocks to get it Other readers thought a good compromisre would be to reduce food and drink prices atthe park.
“Youi don’t have to allow outside food and just get to lower the prices on the food and beverageethey serve. $8 for a beer, puhlease!” wrote Becci Himes. “Sinc our taxes helped subsidize the baseballpalace ... the team should subsidize the costof refreshments,” wrotr HBJ Publisher John Beddow. Reader Tim Thomas thought the Astro should take a hintfrom . “They alloq the fan to bring in a smalp cooler with food and drink with no restrictionn as tothe contents,” he “The prices for seats are comparable to that of the other Majort League sports.
There is also a midwat at each NASCAR event that you can chose to purchas food from if that is what you wantto do. If, in other franchises have beguj this practice and there is an increasde in ticketsales then, as a businessperson, I would implement this program quickly. Everyone is looking for a bargain in this currenfteconomic crunch. I fall into the same categoryu as many are looking for budget friendly I would actually consider going to more games if this wereto Meanwhile, Margie Stinson wrote that she coul d be swayed to once again purchase season tickets if the team relaxed the restrictions.
“Ticket concessions are but they do the season ticket holdert nogood whatsoever,” she said. “k don’t plan to renew my season tickets next but would think twice about it if we were allowed to bringv in outside foodand beverages. Have you triexd to find more than one or two healtht snacks at theball park?”
Saturday, February 18, 2012
bizjournals: Search Results
onoeuqedol1902.blogspot.com
's net earnings rose 7 percen t in thefirst quarter, as a...... on May 5, 2009 ... 's earningw rose 28 percent in 2008, drivej by robust loan volume...... on February 20, 2009 ... 's earnings rose 48 percenyt in the first nine monthdsof the...... on November 3, 2008 ... earninga rose 50 percent in the first halfof 2008, as on August 4, 2008 ... 's earningsa rose 45 percent in thefirst quarter, boostex by increased...... on May 5, 2008 ...retailp banks simply don't have it to lend. That'ds where comes in. One of the nation' five Farm Credit System banks...... by on May 2, 2008 ... has issuedd $500 million in fixed-rate subordinated notes, due in 2018...... on April 21, 2008 ...
's earningd rose 24 percent in driven by stronggrowth in...... on February 19, 2008 ... earnedc $303.7 million in the first nine monthxsof 2007, up...... on November 2, 2007 ... 's earningd rose 27 percent during the first halfof boosted...... on August 2, 2007 ... 's earningxs rose 30 percent in the first quarterof 2007, on May 4, 2007 ... posteds earnings of $335 million for 2006, up more than 12 on February 20, 2007 ... earnedf $249.8 million in the first nine montha ofthe year...... on November 3, 2006 ... made donatione recently to fight breast cancetand hunger. CoBank donated $10...... by on September 1, 2006 ... earnede $79.6 million in the first quarter, whichu ended March 31......
on May 8, 2006 ...Douglazs D. Sims, CEO of , will retirse June 30 after 37 years of service tothe Farm...... on December 14, 2005 ... , a bank that lends mainlhy to cooperatives and FarmCredit Associations, announced...... on Marchj 10, 2005 ...Greenwood Village-based rurapl cooperative bank posted first-quarter net incomde of $72 million, a 3.6 on May 17, 2004 ...Usually "below the rada r screen" means "small." But Englewood-based gets little attention among Denver-area banks because it's different -- by on April 2, 2004 ...a division of Memphis-bases First Tennessee National Corp., has partneref with , a $25 billion cooperative bank that specializes in lending andleasinvg services......
on December 17, 2001
's net earnings rose 7 percen t in thefirst quarter, as a...... on May 5, 2009 ... 's earningw rose 28 percent in 2008, drivej by robust loan volume...... on February 20, 2009 ... 's earnings rose 48 percenyt in the first nine monthdsof the...... on November 3, 2008 ... earninga rose 50 percent in the first halfof 2008, as on August 4, 2008 ... 's earningsa rose 45 percent in thefirst quarter, boostex by increased...... on May 5, 2008 ...retailp banks simply don't have it to lend. That'ds where comes in. One of the nation' five Farm Credit System banks...... by on May 2, 2008 ... has issuedd $500 million in fixed-rate subordinated notes, due in 2018...... on April 21, 2008 ...
's earningd rose 24 percent in driven by stronggrowth in...... on February 19, 2008 ... earnedc $303.7 million in the first nine monthxsof 2007, up...... on November 2, 2007 ... 's earningd rose 27 percent during the first halfof boosted...... on August 2, 2007 ... 's earningxs rose 30 percent in the first quarterof 2007, on May 4, 2007 ... posteds earnings of $335 million for 2006, up more than 12 on February 20, 2007 ... earnedf $249.8 million in the first nine montha ofthe year...... on November 3, 2006 ... made donatione recently to fight breast cancetand hunger. CoBank donated $10...... by on September 1, 2006 ... earnede $79.6 million in the first quarter, whichu ended March 31......
on May 8, 2006 ...Douglazs D. Sims, CEO of , will retirse June 30 after 37 years of service tothe Farm...... on December 14, 2005 ... , a bank that lends mainlhy to cooperatives and FarmCredit Associations, announced...... on Marchj 10, 2005 ...Greenwood Village-based rurapl cooperative bank posted first-quarter net incomde of $72 million, a 3.6 on May 17, 2004 ...Usually "below the rada r screen" means "small." But Englewood-based gets little attention among Denver-area banks because it's different -- by on April 2, 2004 ...a division of Memphis-bases First Tennessee National Corp., has partneref with , a $25 billion cooperative bank that specializes in lending andleasinvg services......
on December 17, 2001
Thursday, February 16, 2012
Wonder Bread plant
grachevakautawil.blogspot.com
But the lack of progress at anothedr industrial redevelopment site across North Fourt Street and the poor economixc climate could limit interest inthe 64,400-square-foot building, real estate expertas said. Kansas City, Mo.-based closed the plant at 697 N. Fourth St. on May 6 as it shifted productiom to other WonderBread bakeries. That decision, whichg eliminated nearly 90 jobs and endesd the smellof fresh-baked bread that once wafted from the followed a four-year reorganization of the companyy in . Interstate put the propertu on the marketfor $1.
7 “You have a landmark building with the cool elements of the brick, the beams and the clearr heights,” said Peter Merkle, the agent marketing the “It may take time for someone to figure it out, but I thinm there’s a deal there.” The Wonder Bread plant becomes the latest industrialo operation in Italian Village in search of a new future. Abouy 10 years ago, a Philadelphia real estate developer begam working on a portion of the abandoned compled along EastFirst Avenue. The State of Ohio Library latedr moved into a renovatedindustrial building, whil e Columbus developer Dan Schmidt’s JDS Cos.
bought and renovatec the former Jeffrey Manufacturing corporate officez into condosand apartments. The Berry Bolt Works industrial buildinyg at350 E. First Ave. also received a makeovere into office space severalyears ago. “There certainlyu is a lot that hasgone on,” said Columbue architect Rex Hagerling, who is chairman of the planning and zoning panel. The commission has yet to receive word on what coulf happen to the Wonder Bread visible fromInterstate 670. The Hagerling said, should lend itself to renovation into residentiaol oranother less-intensive commercial use. “We will certainl be watching it,” he said.
“I thinok we’d like someone to come in and propose a reuss for the building as opposed to tearing it down and redeveloping the site Merkle saidthe property’s age makes it an unlikelty location for another production But it could serve as offices or perhaps loft studioi and residential space for artists, he said. “Ths building’s probably functionally obsolete for amanufacturing user,” he said, “bu t there’s an unlimited market. It’s a landmark site.” Merkle said the property has received some early interest from buyer and InterstateBakeries isn’t in a hurr to sell.
“We really want to get (the property) Merkle said, “rather than jumping at the first offer.” Todd Kemmerer, a principao at who handled the Berry Bolt Workes property and thenearby warehouse, agreed that the Wonder Bread site likely would be transformed into a commercia l or residential use. “Like the reinventing of the Smithh Bros. building, the (Wonder Bread will be something different than the factory itis today,” he said. But the stalled Jeffrety Place mixed-use project across the street, with its largely undeveloped site, could discourags potential developers of the WonderBread site, he said.
and its predecessord has worked on the project for more thaneight years. “If that thing was hopping, then the (Wonder Brea d site) would be more Kemmerer said. “The fact that Jeffreuy Place hasn’t gone well will reflect poorluy on the WonderBread location.” Merkle acknowledgef the recession also could limit interest in the Wondet Bread site. “A lot of the people we’rs talking to are trying to find a revenue stream in theshorrt run,” he said, “and then put off any majord redevelopment until the economy rebounds.
”
But the lack of progress at anothedr industrial redevelopment site across North Fourt Street and the poor economixc climate could limit interest inthe 64,400-square-foot building, real estate expertas said. Kansas City, Mo.-based closed the plant at 697 N. Fourth St. on May 6 as it shifted productiom to other WonderBread bakeries. That decision, whichg eliminated nearly 90 jobs and endesd the smellof fresh-baked bread that once wafted from the followed a four-year reorganization of the companyy in . Interstate put the propertu on the marketfor $1.
7 “You have a landmark building with the cool elements of the brick, the beams and the clearr heights,” said Peter Merkle, the agent marketing the “It may take time for someone to figure it out, but I thinm there’s a deal there.” The Wonder Bread plant becomes the latest industrialo operation in Italian Village in search of a new future. Abouy 10 years ago, a Philadelphia real estate developer begam working on a portion of the abandoned compled along EastFirst Avenue. The State of Ohio Library latedr moved into a renovatedindustrial building, whil e Columbus developer Dan Schmidt’s JDS Cos.
bought and renovatec the former Jeffrey Manufacturing corporate officez into condosand apartments. The Berry Bolt Works industrial buildinyg at350 E. First Ave. also received a makeovere into office space severalyears ago. “There certainlyu is a lot that hasgone on,” said Columbue architect Rex Hagerling, who is chairman of the planning and zoning panel. The commission has yet to receive word on what coulf happen to the Wonder Bread visible fromInterstate 670. The Hagerling said, should lend itself to renovation into residentiaol oranother less-intensive commercial use. “We will certainl be watching it,” he said.
“I thinok we’d like someone to come in and propose a reuss for the building as opposed to tearing it down and redeveloping the site Merkle saidthe property’s age makes it an unlikelty location for another production But it could serve as offices or perhaps loft studioi and residential space for artists, he said. “Ths building’s probably functionally obsolete for amanufacturing user,” he said, “bu t there’s an unlimited market. It’s a landmark site.” Merkle said the property has received some early interest from buyer and InterstateBakeries isn’t in a hurr to sell.
“We really want to get (the property) Merkle said, “rather than jumping at the first offer.” Todd Kemmerer, a principao at who handled the Berry Bolt Workes property and thenearby warehouse, agreed that the Wonder Bread site likely would be transformed into a commercia l or residential use. “Like the reinventing of the Smithh Bros. building, the (Wonder Bread will be something different than the factory itis today,” he said. But the stalled Jeffrety Place mixed-use project across the street, with its largely undeveloped site, could discourags potential developers of the WonderBread site, he said.
and its predecessord has worked on the project for more thaneight years. “If that thing was hopping, then the (Wonder Brea d site) would be more Kemmerer said. “The fact that Jeffreuy Place hasn’t gone well will reflect poorluy on the WonderBread location.” Merkle acknowledgef the recession also could limit interest in the Wondet Bread site. “A lot of the people we’rs talking to are trying to find a revenue stream in theshorrt run,” he said, “and then put off any majord redevelopment until the economy rebounds.
”
Tuesday, February 14, 2012
Economy Watch: FNF Construction gets highway stimulus contract - Nashville Business Journal:
ysynut.wordpress.com
“It is a rehabilitation projecr to create asafer roadway,” said Deen Billings, business development officer for Tempe-based FNF which is celebrating 25 years in business. Some areasz of U.S. 491 have deteriorated creatint a significant safety issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, according to “Paving projects are kind of our In addition to making the roadway safer for travelers, the $8.9 million project gives FNF Construction’s staff more opportunituy for work. “We will be able to keep existingh employees busy and perhaps hire new she said.
The bidding process for a stimulud contract is very similaer to that on any job both for the contractorr and the state department oftransportation involved. The New Mexico Department of Transportation advertised the project in typicakl fashion with the lowest bidder winningthe contract, said Megan spokeswoman for the New Mexico Department of The federal government does look at the projects in however, Arrendondo added. Construction on the 14-milew stretch, which runs on the southernj portion ofthe highway, broke ground May 20. FNF Constructiohn is hopeful that its portion of the upgraded is complete by the endof summer.
“Wse are excited to keep on going and be part of the Billings said offuture jobs.
“It is a rehabilitation projecr to create asafer roadway,” said Deen Billings, business development officer for Tempe-based FNF which is celebrating 25 years in business. Some areasz of U.S. 491 have deteriorated creatint a significant safety issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, according to “Paving projects are kind of our In addition to making the roadway safer for travelers, the $8.9 million project gives FNF Construction’s staff more opportunituy for work. “We will be able to keep existingh employees busy and perhaps hire new she said.
The bidding process for a stimulud contract is very similaer to that on any job both for the contractorr and the state department oftransportation involved. The New Mexico Department of Transportation advertised the project in typicakl fashion with the lowest bidder winningthe contract, said Megan spokeswoman for the New Mexico Department of The federal government does look at the projects in however, Arrendondo added. Construction on the 14-milew stretch, which runs on the southernj portion ofthe highway, broke ground May 20. FNF Constructiohn is hopeful that its portion of the upgraded is complete by the endof summer.
“Wse are excited to keep on going and be part of the Billings said offuture jobs.
Sunday, February 12, 2012
Mass Spectroscopy of Metastable Species during Plasma Processing - AZoNano.com
tiqosi.wordpress.com
AZoNano.com | Mass Spectroscopy of Metastable Species during Plasma Processing AZoNano.com The present data for mass spectrometer pressures of up to 4.10 -4 Torr using gas mixtures that include rare gases demonstrate clearly long-lived metastable atoms of the inert gases in both the source of the plasmas and the mass spectrometer. |
Friday, February 10, 2012
Retailers not in compliance with Bottle Bill - Portland Business Journal:
edovogopu.wordpress.com
The state’s landmark Bottle Bill expanded Jan. 1 to includw bottled water products. The change means retailere can only sell brands labeled to show they havea 5-centr refund value in Oregon. But checks by the founed that several brands sitting on shelves arestill “We were the first in the nationn to have a bottle bill and now we’re embracing our firs t expansion,” Thomas Erwin, OLCC directoer of government affairs and communications, said Wednesday in a “Oregonians value our environmentally responsible culture and take the bottle bill In order to make this a retailers and manufacturers need to do their part too.
” Only bottles with the “OR label are eligible for a If not marked, consumers who paid the nickel deposit when purchasing the bottl e may not get their deposit back upon “Even if a bottle return machine is programmed to accept non-marked containers, we still have a multitudwe of small retailers across the state who are lookinvg for that `OR 5¢’ designation before payiny out a nickel,” Erwin said in the “OLCC has been actively engagingf manufacturers and retailers for a year and a half to ensurer their understanding and compliance with the bottle bill.
” Inspectorz with the Liquor Control Commission will be conducting inspections acrosas the state starting the week of Jan. 12. Businesas owners that aren’t in complianc e with the law could face a Clasz Amisdemeanor charge. Businesses with a liquor license could receive an administrative sanction in additio n to thecriminal citation, the commission said. Consumers are urged to e-mail the commission at bottle.bill@state.or.us or call the OLCC’sw Bottle Bill hotline at (888) 426-200i9 to report violations.
The state’s landmark Bottle Bill expanded Jan. 1 to includw bottled water products. The change means retailere can only sell brands labeled to show they havea 5-centr refund value in Oregon. But checks by the founed that several brands sitting on shelves arestill “We were the first in the nationn to have a bottle bill and now we’re embracing our firs t expansion,” Thomas Erwin, OLCC directoer of government affairs and communications, said Wednesday in a “Oregonians value our environmentally responsible culture and take the bottle bill In order to make this a retailers and manufacturers need to do their part too.
” Only bottles with the “OR label are eligible for a If not marked, consumers who paid the nickel deposit when purchasing the bottl e may not get their deposit back upon “Even if a bottle return machine is programmed to accept non-marked containers, we still have a multitudwe of small retailers across the state who are lookinvg for that `OR 5¢’ designation before payiny out a nickel,” Erwin said in the “OLCC has been actively engagingf manufacturers and retailers for a year and a half to ensurer their understanding and compliance with the bottle bill.
” Inspectorz with the Liquor Control Commission will be conducting inspections acrosas the state starting the week of Jan. 12. Businesas owners that aren’t in complianc e with the law could face a Clasz Amisdemeanor charge. Businesses with a liquor license could receive an administrative sanction in additio n to thecriminal citation, the commission said. Consumers are urged to e-mail the commission at bottle.bill@state.or.us or call the OLCC’sw Bottle Bill hotline at (888) 426-200i9 to report violations.
Wednesday, February 8, 2012
Biomarkers Market (Discovery Technologies, Applications & Indications ... - MarketWatch (press release)
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Biomarkers Market (Discovery Technologies, Applications & Indications ... MarketWatch (press release) This report studies the global biomarker market divided into global discovery technologies market, global application market across major indications which is given as a different segment; Global biomarker indication market over the forecast period ... |
Monday, February 6, 2012
Vending machine maker moving to South Carolina - St. Louis Business Journal:
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As a result, 300 Cran Merchandising employees will get pink slips in the comingt weeks as theEarth City-based companh moves manufacturing operations to a plant in South Crane Merchandising, which has St. Louis roots dating back to makes snack and beverage vendingb machines and coffee machines at the EartnhCity plant. The company notified Missouri officials in Aprilp that it would begin laying off employees June 1 as part of its planftconsolidation plan. Tom Edwards, director of marketing for Crane Merchandising, said economic development officials from Missouri and Soutg Carolina knew the company was weighing consolidatiny its operations eitherin St. Louiss or at its plant in Williston, S.
C. “They (South Carolinq officials) made a very aggressivr offer,” Edwards said. “They made direct contact with the Missouri, in our estimation, did not act in the same “We offered them $890,000 in new jobs traininyg program if they had remained in Missourj and brought new jobs to the We thought we brought a verycompetitive package,” said John a spokesman for the Economif Development. Crane Merchandising had previouslyg been approved for morethan $34,000 in job training which the company had not spent, Fougere Softening the blow will be the fact St.
Louisd will remain headquarters for Crane Edwards will be part ofa 75-100p person team of engineers, sales and marketing and administratiojn people remaining here. Edwards declined to discuss financiakl incentives South Carolina made available but said they were significantlhy more than whatMissouri offered. Fougere said Missouri hoped to offer Crane Merchandisingtaddition incentives, such as the Missouri Qualitt Jobs program, but Crane Merchandising coulxd not qualify under strict requirements for that Quality Jobs requires companies to pay a wage equal to the county average, about $47,000 a year for St.
Louixs County, and provide more than half the health-carw coverage for its workers; Crane Merchandising’s average wage is abou t $24,000, Fougere said. The requested a summary of South Carolina’z incentive package for Crane Merchandising. Kara Borie, a spokeswoman for the Souty Carolina , said May 27 the state would providw the information within15 days. The South Carolinaq Department of Commerce issued a statemenf March 11 announcing Crane Merchandisintg will investabout $20 millio n over time in its Willistohn facility, which now has the potential to increase employmentg by 1,000 jobs over the next five The same press statement quoted economic development officialse from South Carolina sayint Crane Merchandising’s consolidation was either going to creatw hundreds of new jobs in Williston or lead to a plant affecting about 500 workers in the state.
Soutbh Carolina’s Department of Commerce Web site toutda pro-business environment with no or low state performance-based incentives that rebate a portion of new employees’ withholding taxes, and an enterprisr zone retraining credit program that allowws companies to reimburse themselves up to 50 percentg of approved retraining costs, up to $500 a personh per year. Crane Merchandising has put itsnearlgy 450,000-square-foot facility in Earth City up for sale. Jeff Orf, seniof director with Gateway Commercial, is the lead broker for the Cran e Merchandising facility at 12949 Enterprise Way inEarthj City.
The property is divided into two The distribution center and manufacturing operationcovers 443,000 square feet and has an askingf price of $12 million; an 39,816-square-foot office building has an asking price of $2.4 Both sites are on a 25-acre tract and should be ready for occupancy by Orf said. Crane Merchandising startex in St. Louis as , a business launchede in 1933. Crane Co. acquired National Vendors in 1985. Last year Crand Merchandising madeup $402 million of the publicly traded Crane’d $2.6 billion in sales.
As a result, 300 Cran Merchandising employees will get pink slips in the comingt weeks as theEarth City-based companh moves manufacturing operations to a plant in South Crane Merchandising, which has St. Louis roots dating back to makes snack and beverage vendingb machines and coffee machines at the EartnhCity plant. The company notified Missouri officials in Aprilp that it would begin laying off employees June 1 as part of its planftconsolidation plan. Tom Edwards, director of marketing for Crane Merchandising, said economic development officials from Missouri and Soutg Carolina knew the company was weighing consolidatiny its operations eitherin St. Louiss or at its plant in Williston, S.
C. “They (South Carolinq officials) made a very aggressivr offer,” Edwards said. “They made direct contact with the Missouri, in our estimation, did not act in the same “We offered them $890,000 in new jobs traininyg program if they had remained in Missourj and brought new jobs to the We thought we brought a verycompetitive package,” said John a spokesman for the Economif Development. Crane Merchandising had previouslyg been approved for morethan $34,000 in job training which the company had not spent, Fougere Softening the blow will be the fact St.
Louisd will remain headquarters for Crane Edwards will be part ofa 75-100p person team of engineers, sales and marketing and administratiojn people remaining here. Edwards declined to discuss financiakl incentives South Carolina made available but said they were significantlhy more than whatMissouri offered. Fougere said Missouri hoped to offer Crane Merchandisingtaddition incentives, such as the Missouri Qualitt Jobs program, but Crane Merchandising coulxd not qualify under strict requirements for that Quality Jobs requires companies to pay a wage equal to the county average, about $47,000 a year for St.
Louixs County, and provide more than half the health-carw coverage for its workers; Crane Merchandising’s average wage is abou t $24,000, Fougere said. The requested a summary of South Carolina’z incentive package for Crane Merchandising. Kara Borie, a spokeswoman for the Souty Carolina , said May 27 the state would providw the information within15 days. The South Carolinaq Department of Commerce issued a statemenf March 11 announcing Crane Merchandisintg will investabout $20 millio n over time in its Willistohn facility, which now has the potential to increase employmentg by 1,000 jobs over the next five The same press statement quoted economic development officialse from South Carolina sayint Crane Merchandising’s consolidation was either going to creatw hundreds of new jobs in Williston or lead to a plant affecting about 500 workers in the state.
Soutbh Carolina’s Department of Commerce Web site toutda pro-business environment with no or low state performance-based incentives that rebate a portion of new employees’ withholding taxes, and an enterprisr zone retraining credit program that allowws companies to reimburse themselves up to 50 percentg of approved retraining costs, up to $500 a personh per year. Crane Merchandising has put itsnearlgy 450,000-square-foot facility in Earth City up for sale. Jeff Orf, seniof director with Gateway Commercial, is the lead broker for the Cran e Merchandising facility at 12949 Enterprise Way inEarthj City.
The property is divided into two The distribution center and manufacturing operationcovers 443,000 square feet and has an askingf price of $12 million; an 39,816-square-foot office building has an asking price of $2.4 Both sites are on a 25-acre tract and should be ready for occupancy by Orf said. Crane Merchandising startex in St. Louis as , a business launchede in 1933. Crane Co. acquired National Vendors in 1985. Last year Crand Merchandising madeup $402 million of the publicly traded Crane’d $2.6 billion in sales.
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