Bauer takes stars from 17 banks - Business First of Columbus:

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The company uses federal regulatory data to rate bankx based oncapital ratio, profit/loss delinquent loans and other Bauer's rating ranks from a high of 5 star to a low of 0 in Coral Gables lost a star goinf to four (excellent) from five stars. Four others maintained theird five-star ranking: American National Bank, Oaklandf Park City National Bank of Miami FirstNational Bank, Southn Miami Intercontinental Bank, West Miami in Miami rose to three stars from two. First United Bank in Boca Raton and Biscaynr Bank in Coconut Grove roseto 3.5 staras from three. in Fort Lauderdale made four upfrom 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-based slipped this time to three starsfrom three-and-a-half starsz in the first That’s down from four stars in the third quarter of last year. Other banks that slippedr to threestars (good) from 3.5 are: Executive Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdale Lydiann Private Bank in Palm Grand Eastern Bank of Florida in Metro Bank ofDade County, and in Miami fell to two star (problematic) from three.
, in North Lauderdale and in Boca Raton fell a notcn toone star, down from two in the fourth Four banks retained zero stars, Bauer’es lowest rating: , Miami Republic Federalk Bank, Miami , Miami Integrity Bank, Jupiter

Cedar Fair Announces 2009 Second Quarter Earnings Conference Call

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, chairman, president and chief executivw officer, and , vice president - financr and chief financial officer. This call will be broadcastt live to all interested persons asa listen-only webcastg on . The webcast is also being distributedd through the ThomsonStreetEvents Network. Individual investord can listen to the callat , Thomson's individua investor portal, powered by StreetEvents. Institutional investorsa can access the call via ThomsonStreetEvents ( ), a password-protectex event management site. If you are unable to participate durint thelive webcast, the call will be archived on the company'as website . Cedar Fair is a publicly traded partnership headquarteredin Ohio.
The Company, which owns and operates elevenamusemen parks, six outdoor water parks, one indoor water park and five is one of the largest regional amusementg park operators in the world. Amusement park in the company's northern region include two in Cedar Point, Sandusky, consistentlh voted "Best Amusement Park in the World" in Amusementt Today polls; and Kinges Island, near Cincinnati; as well as Canada's near Toronto; , Allentown, PA; Shakopee, MN; and Michigan's Adventure, near Muskegon, MI. In the souther n region are Kings Dominion, Richmond, VA; Carowinds, Charlotte, NC; and Worlds of Fun, Kansase City, MO.
Western parks in California Knott's , Buena Park; and California' Great America, Santa Clara. Cedar Fair also operatez the Gilroy Gardens Family Themer Parkin Gilroy, under a management contract. Contacrt Information: Cedar Fair Entertainment CompanyyStacy Frole, 419.627.2227 Director, Investort Relations sfrole@cedarfair.com

Legg Mason's Fetting nets $6.5M in 2009 compensation - Baltimore Business Journal:

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million in total compensation infiscapl 2009, the company said in a filing Mondah with the . Fettiny was paid $500,000 in salary, $950,000 in bonuses, $3.4 millionh in stock awards, $1,6 million in stoc k options andabout $34,000 in othedr compensation for a totaol of $6.5 million in the year ended March 31, the filing said. His total compensatio n was about 39 percent more thanthe $4.7 millionn Fetting was paid in fiscall year 2008. Fetting’s 2009 compensationm includes stock awards and options vestingin 2009, some of whichu were awarded in previous years, said Legg spokeswoman Mary Athridge.
In raising Fetting’s compensation, the company’s boardr of directors considered Fetting’s “accomplishments during the including his leadership during one of the worst financial crises of the last 100 Athridge said inan e-mailed Fetting was credited with helping the compang raise $1.15 billion in capital, recruiting new top executives, cuttingb expenses by $135 milliobn and selling off billions in structured investmenr vehicles, or SIVs, from the company’e money market funds, Athridge said. Baltimore-based Legg Masonh (NYSE:LM) lost $1.9 billion, or $13.
85 a share, for the year endefd March 31, as the company saw investorse withdraw money from its fund as the stockmarket slumped. The company took a net loss of $1.4 billion in disposing of its SIVs andan $863 million non-cash impairment charge during the In fiscal year 2008, Legg Mason earned $267 or $1.86 a share. Fetting’s cash bonus was reducedx by nearly $1 million compared with the year before, but his stocik awards went fromabout $936,000 last year to more than $3.4 million in 2009, according to the SEC Making more of Fetting’s pay dependent on the performances of Legg Mason’s stock, “aligns his interest with that of Athridge said.
Fetting, who owns or controls 311,411 Legg Mason shares is the company’a third-largest shareholder, after mutual fund companies Dodge & Cox, whic owns 8.7 million or 6.2 percent of the and Invesco Ltd., which owns 7.5 million shares, or 5.3 percent of Legg Mason’s stock. in his annual report to which was released spoke of how difficult it was to stee r an asset manager like Legg Masob through the shoals of the rockyfinancial markets. “2008 representedd one of the most difficult economicd periods in modern financial history and certainly the worst I have he wrote.
Legg Mason’s filingt also lists the total compensation of other top Legg Masoh executives includingCharles J. Daley Jr., chieff financial officer and treasurer ($2,478,620), David R. Odenath, senio r executive vice president, ($4,432,122), Joseph A. chief administrative officer ($2,055,883), Peter L. Bain, Legg Mason’s formerf president ($4,985,138) and Mike former executive vicepresident ($2,680,135). The compang will hold its annual shareholder meetinfg in Baltimore onJuly 28. Shareholders will vote on the re-electiomn of five directors for three-year terms expiring in 2012: Robert E. Angelica, 62, a private investor; Barry W.
65, a consultant and retired vice chairman of an accounting andconsulting firm; John E. Koernetr III, 66, managing member of Koerner Capitapl LLC, a private investment company; Cheryl Gordon 53, a private investor; and Scott C. 36, a partner at Kohlberg, Kravis Robertzs & Co., a private equitgy firm. The company’s board members receive a base payof $40,000o plus $2,000 per meeting after the sixtyh meeting of each year.

Triad gets $8.8M for stimulus road work - Boston Business Journal:

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million and were awarded to thelowestt bidder. The Triad will receive about $8.8 million for threes construction projects. “These projects will help creatwe and sustain thousands of jobs and provide needec economic development in counties throughout North said Gov. Bev Perdue. “They will improve critical routes to help better connect North Carolinians aroundethe state.” Bids received came in about 25 or $36.7 million, below N.C. Department of Transportation Work will start in late June or early The stimulus projects include three inthe • $3.8 million, resurfacing 4.
1 miles of Interstate 40/85r from east of Rock Creek Dairyu Road in Guilford County to west of University Drive in Alamancee County. S.T. Wooten Corp. of Wilsonj received the contract. Work is scheduled for June 29 to Oct. 30. $1.5 million, rehabilitating two milesw of U.S. 29 in Rockinghak County from the Guilford line north toTroublesome W-L Construction & Paving Inc. of Danville, Va., won the contract. Work is scheduledd for June 29to Oct. 16. • $3.5 resurfacing 5.1 miles of I-77 from U.S. 21 Businesse in Yadkin County tothe U.S. 21 bypassa in Surry County. Carl Rose & Sons Inc. of Elkinm received the contract. Work is scheduled for July 6 to Nov. 13.

Survey: Retail theft on the rise - Tampa Bay Business Journal:

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For the first time in six years, there’s been a real increaser in the rate ofretail theft, accordint to a survey conducte by the with a funding grantf from . "This year, both the dollatr loss and rate of loss increasedc and the evidence shows that the economy and resultinbg cutbacks in staffing by retailers are creating an opportunistivc environment for both individual shoplifters and organizedretailk criminals," said U of F criminologis Richard Hollinger, who directed the In 2007, the lowest rate of retail theft in the 18-yeaer history of the survet was reported at a rate of 1.44 perceng of overall retail sales. Last year, that rate rose to 1.
52 percenf of sales translating into lossesof $36.5 billion. Hollingef notes the numbers are from last and don’t reflect retail theft rates for the first part of this year when the recessioj was even worse. Employee theft comprises the largestf portion ofthe losses, which totaled $15.9 billion, or almost half of losses (44 Shoplifting accounted for $12.7 billion (35 percent) of Other losses included administrative error ($5.4 billion and 15 percent of shrinkage) and vendort fraud ($1.
4 billion and 4 percent of

Report: YRC Worldwide seeks $1B in TARP money - Kansas City Business Journal:

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In a Friday story, the newspaper citec YRC Chairman and CEO Bill Zollarw as having said money from the Troubler Asset Relief Program would help YRC withabourt $2 billion in pension obligations duringy the next four years. About half of YRC’s paymentd to a multiemployer union pension fund go to people who neverr worked for thetruckinf company, Zollars said in the Wall Street Journalo story, calling that unfair. The application for the funds coule come as soonas Friday, the article said. A spokesman declined to comment. YRC officialse couldn't be reached for comment. YRC’s stock closed on Friday at $2.97, down 30 cents, or 9 percent, on volumer of 6.
9 million shares, accordingb to Yahoo Finance. The stock’s average daily volume the past three monthsis 2.7 million shares. Overland Park-based YRC YRCW) has been posting losses as the freighrrecession continued, and it integrated its subsidiaries. To maintain the company has been selliny real estate and cutting employee wages in return for ownershipl inthe company. Now, YRC seeksd to , using real estate as collateral. on revenur of $1.5 billion, compared with a loss of $46.367 million, or 82 cents a share, in the same quarteer a year earlier. YRC ranks No. 2 on the Kansaxs City BusinessJournal ’s list of area public companies.

Director shoots first major movie solely with iPhone - AFP

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CTV.ca

Director shoots first major movie solely with iPhone AFP SEOUL â€" A movie claimed to be the first ever cinema-standard film to be shot solely on the iPhone has been premiered by celebrated South Korean director ... Director Park Chan Wook's latest movie filmed solely through iPhone4  »

Trico proxy battle ends after elections - Orlando Business Journal:

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, the largest shareholder of Houston-basedd Trico (NASDAQ: TRMA), had tried to nominatw its own slate of directors and had demandedotherr changes, saying that compangy management was not maximizing shareholder value. Both sides had showeres shareholders with filings and statementx in the final weeks beforethe vote. Based on preliminary voting after Wednesday’s meeting, among otheer items, shareholders voted to declassifyuthe board, reducing the terms of board members from three years to one year.
Incumbent board membed nominees JosephCompofelice — Trico chairman and chieg executive officer — and Ben Guilpl were both re-elected, accordinyg to a company The two Kistefos Christen Sveaas and Age failed in their bid to join the board. Two independentt proxy advisory firms had recommendeed that shareholders go with theTrick slate, while a thirsd firm had backed the Kistefoss bid. “Regardless of today’s Kistefos remains a majort stockholder of Trico and we intend to continuew to be responsive to the messagesw we heard inthis contest,” Compofelice said.
Thougb based on preliminary voting he did not gain a seat on the Kistefos chief executive officer Korsvolf said his efforts were heardby shareholders. “Regardles of the outcome, we believre Trico’s stockholders have sent a loud and clearmessage today. They are demanding Had it not beenfor Trico’s unusually high two-thirds minimum vote we would have taken a significant step in that directionb today,” Korsvold said.

D.C./Baltimore lead nation in tech postings on job Web site - Dallas Business Journal:

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It's been nine months since the Washington/Baltimore job markert had the most postingson technology-jobs Web site Dice, althoug it has consistently ranked second. The region's postingx increased 11.1 percent from 8,809o in November to 9,790 in December, much fastert than the 2.4 percent national growth rate on theWeb site. The growtj regionally is being driven by the demand for technologhy workers withsecurity clearances, which increased by 19.
2 percenft to 7,347 postings from November to Companies likely increased their postings to staffc up in anticipation of new contractsd after the start of the federap fiscal year in October, a recruiter The demand for jobs is good for but bad for employers tryingt to keep their staff costs under "It's kind of impossible to manage a wage and salaruy program at a big company because if you don't make the righgt offer, the candidate has multiplwe choices of where to go," says Don Wallach, president of Potomac-based search firm .
The list of most-requested skills to go alont with security clearances shuffled a bit fromlast month, even thougb Internet software developers and military hardware engineers retained the top spots. Arabic or Farsiu language skills moved up one notch to thethirfd spot. Next was administrative assistant withpolygraphh clearance, a category that didn't appear last followed by network administrator.

Fontbonne goes public with $20M campaign - St. Louis Business Journal:

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The university said it has alreadty raised morethan $16 million but is appealinfg for continued support from staff, faculty, businesses and the generalp public to help the institution reacuh its goal. The funding resulting from the campaignb is allocated for numerous campus includinga $14 million renovation of the university’s scienc e building, currently slated for the fall. Other planws include an advanced business conference room and student new laboratories and classrooms for the humaj environmentalscience department, a glass-encased stairwayt tower, a new student lounge and a new Like other Missouri universities, Fontbonne has had to f Fontbonnd University is a Catholic coeducational institution of highee education offering liberal arts and professionalk programs.
The Sisters of St. Joseph of Carondeleft sponsor Fontbonne. Nearly 85 percent of Fontbonne graduatez live or work in thegreater St. Louisw metropolitan area.

Tourism officials: Disney at National Harbor good for region - Washington Business Journal:

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Disney plans to builde a 500-room hotel resort on 15 acres at National Harbo inPrince George’s Bill Hanbury, CEO of Destinatio D.C., said the Disney move will mean a new markeyt for the city — from visiting families familiar with the brand and from the resort-goingh community. “At the end of the day, they’llk be here because they want tovisiy D.C.,” Hanbury said. Hanbur y said he does not believe the will sufferfrom Disney’zs presence in Prince George’s County, whether it be from conventiones booking with Disney or the , also at Nationa l Harbor.
“From a convention we’re from different markets — peoplse come to the convention center when they wantan urban, pre-eminenrt convention facility,” Hanbury Emily Durso, president of the , said the city will have to wait and see what kind of an impacyt Disney will have on D.C.’s convention bookings. She noted that Gaylord has made statements indicatinb that most of its businessa was from new customers who had not previouslyg bookedin D.C. “My inclinatio is that people who want to cometo D.C. are stilk coming to D.C.,” Durso Convention business for D.C.
this summer is down approximatelgy 5 percent from summer last The city’s main struggle has been its lack of a dedicatexd convention hotel. The is still seeking financing to completethat project, which was due to come onliner in 2012. Gaylord has not released any recent statistices on its 2009convention bookings. Amie spokeswoman for Gaylord National, referred questions to the company’z corporate office. In a statement, the compan y said that “further development of National Harbor will onlybenefit Gaylord.” According to the company’s most recent quarterly while still in its firstg year of operation, the hote generated revenue of $56.
1 million during the firstg quarter of 2009, and revenuwe per available room of $139.33. Its occupancg rate was 61.8 percent. Hanbury hopeas to see Disney develop partnerships with the city to encouragwe visitors toexperience D.C.’s historic Meanwhile, other areas also predict they will benefit from Disney’sw presence. Alexandria is just a water taxi away from National andapproximately 100,000 people took advantage of the servicr last year, according to Stephanie president of the Alexandria Convention and Visitors “Disney coming into the markef also provides national marketing that benefitsa everyone in the region,” she Officials in Prince George’s County are thrilled with the opportunityu to develop more name recognition for the county, and expecg the Disney development to spikes greater retail and restaurant development in the county, according to J.
Matthes Neitzey, executive director of the county’s tourism and visitors bureau. He said the development’s proximity to the scheduled to openin 2013, will be a furthee draw for visiting families.

PBA backs expanded River District renewal area - Puget Sound Business Journal (Seattle):

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Sandra McDonough, the alliance’s president and CEO, told the Portland City Councip on June 17 that the city needs to do everythinfg it can to providdemore jobs. The council is reconsidering expandintg the River District by nearly 42 as well as increase the amounft of bonds the city can assumw to fund projects within the The council and the Portland Development Commissiobn had first sought the expansion nearly two years ago but were thwartedf bya citizens’ group complaint.
The Friendsx of Urban Renewal group had charged that the River District expansion proposal, which would have also redirecteds $20 million in district-generateed funds to a new East Portland elementary school, didn’t fit technical urbann renewal definitions. The council will vote on the measurnext week. McDonough said urban renewao provides funding for investmentsin infrastructure, housing, social servicee and public-private partnerships. “We need to creatde jobs,” she said. “We have an opportunityt to do just that by adopting thesderevised findings, which address the issues that have been raisedr about the River Distric t expansion.
We can then move forward with the important projectxs that depend onthese funds.” City Commissioneer Nick Fish has said that the constructioh of a new homeless services center could depend on urbaj renewal funds if constructio n is to begin this McDonough said the alliance backsx using urban renewal funds to buil d the center.