Monday, December 31, 2012

Expedia, Inc. Company Profile | EXPE Company Information

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It appears that you are located in If you are aCanadianh resident, please choose Expedia.ca where all prices and transactionzs are in Canadian dollars, productf inventory unique to Canadians is and your trip is covere under TICO's travel protection. You can also take advantage of travel promotions and special offers created specifically forCanadian customers. Canadian residents who purchaswon Expedia's U.S. site, Expedia.com, are chargeds in US dollars, and their trips are not eligibl e to be coveredunder TICO's travekl protection. Il semble que vous habitez au Canada. Si vous etes resident du Canada, veuille z opter pour le site Expedia.
ca, ou les prix et les transactionsz sont indiques en dollars De plus, vous aurez acces a des produitx offerts uniquement aux Canadiens et votre voyags sera couvert par la protection du Vous pourrez aussi tiret parti de promotions et d'offres speciales creeeds en particulier pour nos clients canadiens. Les residents du Canada qui font des achats sur le siteamericain d'Expedia, doivent acquitter les frais en dollars americains et leur voyage ne sera pas admissiblse a la protection du TICO.

Saturday, December 29, 2012

3 IPOs You'll Want to Watch for in 2013: Part 1 - DailyFinance

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3 IPOs You'll Want to Watch for in 2013: Part 1

DailyFinance


One of the good things about being a privately owned company is not being beholden to the impatience of hedge fund managers and the myopic vision of some institutional investors. Unfortunately, the corporate aversion to going public can be a major lost ...



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Friday, December 28, 2012

Bauer takes stars from 17 banks - Minneapolis / St. Paul Business Journal:

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The company uses federal regulatory data to rate banks basecd oncapital ratio, profit/loss trend, delinquent loans and other Bauer's rating ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star going to four from five (superior) Four others maintained their five-stad ranking: American National Bank, Oaklanc Park City National Bank of Florida, Miami Firsgt National Bank, South Miami Intercontinental West Miami in Miami rose to threed stars from two. First United Bank in Boca Raton and Biscaynde Bank in Coconut Grove roseto 3.5 stars from in Fort Lauderdale made four stars, up from 3.5. Severall banks went to 3.5 from four stars.
They are: , Homesteae Doral-based slipped again, this time to three starw from three-and-a-half stars in the first That’s down from four stars in the thir d quarter oflast year. Other banks that slipped to threestars (good) from 3.5 are: Executive Miami , Miami , Miami U.S. Centurg Bank, Miami Valley Bank, Fort Lauderdale Lydian Private Bank inPalm Beach, Granf Eastern Bank of Florida in Metro Bank of Dade County, and in Miamu fell to two stars from three. , in North Lauderdale and in Boca Raton fell a notch to one down from two in thefourthj quarter.
Four banks retained zero Bauer’s lowest rating: , Miami Republic Federalo Bank, Miami , Miamio Integrity Bank, Jupiter

Tuesday, December 25, 2012

Aquino attends mass officiated by Tagle - Sun.Star

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Aquino attends mass officiated by Tagle

Sun.Star


MANILA -- President Benigno Aquino III joined Saturday the Catholic faithful in hearing mass celebrated by Manila Archbishop Luis Antonio Cardinal Tagle held at the San Fernando De Dilao Parish Church in Paco, Manila. The President, who was joined by ...



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Monday, December 24, 2012

DAS manager at center of probe over COBRA checks - Atlanta Business Chronicle:

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The Office of the State Inspector in a reportreleased Tuesday, outlinecd an investigation into the department, specificallyh the operation that administers the Consolidated Omnibus Budgety Reconciliation Act, or program. That piece of 1986 federal legislatioh allows unemployed workers to buy health insurancer coverage for up to18 months. David Holbrook, chief of the COBRs division sincelast year, is the target of the state’s efforrt to fire him after investigators said hundreds of COBRA payment checks went missin g under his watch. Investigators found more than 500 about 200 more thanoriginally thought, valued at about $214,0000 in a credenza in Holbrook’s officd on April 10.
Holbrook, 45, by that time was on paid administrative leave and no longer had anofficw key. He denied any knowledge of the checkd or how they got intohis office. According to the it was unclear if he was purposefully holding the The department said Tuesday therewas “no indicationh that premium funds were misappropriated.” A key factor behind the missintg checks, the probe found, was a “dual accounting process” that was employesd because the department opted not to switch its COBRA recordws to a new Ohio Administrative Knowledge System, or OAKS, aimed at improvingy operations.
That decision, combined with the retirement ofthe division’ former chief, triggered what the report called a “disaster” in The probe also founc Holbrook, who once worked in the state Departmeng of Natural Resources and Departmengt of Youth Services, had a record of inappropriate conduct in state jobs that was described as a “patterh of dishonest behavior.” At the Administrative Services Department, he earnex a base annual wage of $92,955. The departmenyt in a statement Tuesday said it has put in placew stronger controls onCOBRA processing, specifically switchingv to OAKS, and worked with those affected by the misplacedd checks.
The state probe had recommended changeas to COBRA processing operations along with an The Department of Administrative Services also indicatex disciplinary actions might notbe over. “We are reviewing the Inspector General’a report and determining the appropriat course of action for other employees Director HughQuill said. Investigators also looke into anonymous tips thatHolbrook didn’t follow time reportingv policies and refused to pay employeesd for denied vacation time they were permitted to cash in.
The inspector’se office found some instancews of wrongdoing or omissionaon Holbrook’s part and that of the department at recommending that the vacation policy itself be reviewed.

Sunday, December 23, 2012

Obama hints at amnesty for illegal immigrants - Tampa Bay Business Journal:

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who was at a Whited House meeting on the issue and has supported a lega path for undocumented immigrants and a guesworker program. “What’s also been acknowledged is that the 12 millioj or so undocumented workers arehere — who are not payingv taxes in the ways that we’dx like them to be payingg taxes, who are living in the shadows — that is a groupp that we have to deal with in a common-sense way,” Obama said after the meeting. “And I thinkk the American people are readuy for us todo so. But it’sz going to require some heavy it’s going to require a victoryy of practicality and common sense and good policy makingover short-terjm politics.
That’s what I’mk committed to doing as president.” On his forme campaign foe, he said: “o want to especially commend John McCain, who’s with me because along with folks like Lindsey he has already paid a significant political cost for doint theright thing. I stand with Obama also said Thursday he ismaking U.S. Homelandf Security Secretary Janet Napolitan a key point person on the immigrationreform push. As Arizona’s Napolitano signed an employer sanctions bill into law and backer deployment of National Guard troops alongthe Arizona-Mexico border.
She, however, was skeptical about a bordefr wall and flirted with the idea of allowing illegal immigrants toobtain driver's licenses.

Friday, December 21, 2012

Skyline Exhibits Sponsors Educational Seminars on 'Successful Marketing Strategies for a Tough Economy'

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June 2 /PRNewswire/ -- Skyline Exhibits & Events is hosting six fast-paced, information-packed educational classes in North Carolina that will help companies win more businesa at trade shows and event s while reducing their operating The Successful Trade Show Marketing Strategiess and Better Booth Staffing seminars are concentrated learninf experiences that will benefitB2B marketers. Gues t lecturer will lay out proven strategies that enablse sales and marketing professionals not only to controo operating expenses but maximize the effectiveness of the messager that is being The seminars will be hostexd in Greensboro onJune 9, Charlotte on June 10, and Raleigh on June 11.
The Marketingy Strategies Seminars will be heldfrom 9:30-12:090 and the Better Booth Staffing Seminar will be held from The morning session is free, while the afternoon sessiom is optional and fee-based. See for details. - Promoting your participation - Before, at and afte an event Attendees will also receivd twotraining booklets: a 68-page "Trade Show Marketin g Kit" and a "Booth Staffing Guidebook". Register now by visitinbg or bycalling 1-800-849-2601. is designing, and servicing innovative exhibif systems, as well as providingy concept-to-creation solutions for face-to-face marketingg environments, including trade shows and corporatse interiors.
From its three regional design centers inNorth Carolina, Skyline's clients enjoyt access to a worldwidw network of event marketing professionalsx in 47 countries and 138

Thursday, December 20, 2012

Santa Clara University gets $5M gift - Silicon Valley / San Jose Business Journal:

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Ann Bowers, the widow of Robert was a member ofthe school's board of trustees from 1986 through 1998, and said her donatio stems from her admiration for the SCU "I am very impressecd with Santa Clara University's emphasis on educating the wholr person," Bowers said. "The new core with its emphasis on social justice andstudent engagement, will help SCU students become leaders of competence, conscience, and compassion who will help make the world a bette r place.
" Bowers, who received an honorary doctorr of public service degree from Santa Clarwa in 2000, was the firsgt director of personnel for Santa Clara-based (NASDAQ:INTC), and then the firstr human resources vice presidengt for Cupertino-based (NASDAQ:AAPL). Later, she worked with the Silicon Vallety Joint VentureEducation Initiative. She is a senior trustee for the Noyce which funds programs for students and teacherain literacy, math, science, and technology. A portion of the funds are designated to support the Global Sociaol Benefit Incubator program runby SCU'sw Center for Science, Technology, and Society.
This on-campus residentialo program helps social benefit entrepreneurs from around the worlsd learnbusiness skills, scale their and achieve sustainability.

Wednesday, December 19, 2012

Procter & Gamble acquires Zirh men

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The line includes shaving cream, deodorant, skin cleanserd and moisturizers. New York-baseed Zirh products are sold in high-enc department stores, specialty outlets and online. Locally they’re available at Macy’s in Anderson Township and Sephora at KenwoodTowne Centre. Financial terms of the purchase werenot “Although it is a relativeluy small, North American-centric business, super-premium positioning and product lineup is a perfect complemeny to our portfolio,” said Chip Bergh, P&G'es group president of male grooming, in a news release. This is the second for P&G this month. In early June, the compangy bought the Art of Shaving.
In addition to its men's shaving line, it sells shampoos, skin care fragrances and a line ofupscale women’s shavinhg products. The chain was founded in Manhattanbin 1996. In the fiscal thirdr quarter, sales of P&G’s groomin products declined by16 percent, to $1.7 Profits in the sector were down 24 percent, to $306 million. Proctet & Gamble (NYSE: PG), headquartered in Cincinnati, develops, manufactures and market s consumer productsand pharmaceuticals.

Sunday, December 16, 2012

School Yoga Tries to Avoid Religious Controversy - ABC News - ABC News

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ABC News


School Yoga Tries to Avoid Religious Controversy - ABC News

ABC News


Public school yoga instructor Katie Campbell proudly looks out at 23 first graders as they contain their squirming in a kid-friendly version of the lotus position. In a voice barely above a whisper, she says into her microphone: "Why look at everyone ...


< p size="-1">School yoga tries to avoid religious controversy

Arizona Daily Star



 »

Saturday, December 15, 2012

Ohio, colleges awarded $4M in Gates grants - Los Angeles Business from bizjournals:

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The foundation’s Development Education Initiativeawarde $16.5 million to Ohio, Connecticut, Florida, Texaa and Virginia, as well as community colleges in each A community college in North Carolina also receivedr funding. The initiative seeks to support programw that help students enrollerd in remedialprograms — so-called refresher courses for studentsa who are not up to grads level in a given The goal is to improve classroom performancse so students can go on to take advance d courses and eventually graduate with a degree or The state of Ohio was awardef $300,000 over a three-year period to develop a new performance-base funding system that rewardz community colleges for helping students complete remedial and college-levek courses.
The foundation also said it’s awardinh $743,000 over three years to each of the following fiveOhio , , , and . The grantsx will support various stated andcollege programs, including efforts to collecft data and better track the performancse of remedial students, the foundation Click for a look at award recipients

Friday, December 14, 2012

Family foundation issues $2M in grants - Boston Business Journal:

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The Foundation, a nonprofit committed to addressing the needas of children and families primarilyin Massachusetts, made the announcemenr at a ceremony Tuesday in the Bostojn Common. The Highland Street Foundation is making grantsxof $100,000 each to 20 nonprofit Recipients will include Career Collaborative; City Year; Cradlea to Crayons; St. Francis Best Buddies; ACCESS; Jump Start for Yount Children; Mass Mentoring Partnership; Boston Rising and others. To address the economixc reality that more Massachusettd residents will be staying local this summer rathere than takingpricey vacations, the Foundation also announcefd its Free Fun Fridays will kick off July 3.
Ever Friday for two admission will be free at different cultural The institutions include locations such as the Museukmof Science, Peabody Essex Museum, the Museumm of Fine Arts, Springfield Museum and the Boston Harborr Alliance. Free Fun Fridays, a donation of severalk hundred thousand dollars by The HighlandStreetr Foundation, runs from July 3 until Septembef 4. In addition to free admission, The Highland Streegt Foundation will beproviding 2,509 handouts for visitors, outlining all the venuese included in Free Fun Fridays and offering optionds to donate to various charitable organizations. The Highlandf Street Foundation was established in 1989 byDavid J. Jr.
, founder and owner of TAD ResourcesInternationapl Inc.. McGrath died in 1995 but his wife JoAnjn and her five children continue the work and compris e the membership of The Highland StreetrFoundation board. The Highland Street Foundation has donate dapproximately $100 million over the past 20 more than $80 million in Massachusetts, largely to social servicwe organizations working in the areass of education, housing, mentoring, healthcare, the environment and In November, The Highland Street Foundation joine d the Eos Foundation and the Fireman Foundation of Boston in creatingf a $1.
1 million Emergencg Assistance Fund for nonprofits across the state to help Massachusettxs residents meet their food and fuel needs.

Wednesday, December 12, 2012

Sri Lanka employers grouping disappointed over 'shelved' reforms - Lanka Business Online

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Sri Lanka employers grouping disappointed over 'shelved' reforms

Lanka Business Online


Sri Lanka employers grouping disappointed over 'shelved' reforms. Dec 11, 2012 (LBO) - Sri Lanka's Employer's Federal of Ceylon (EFC) an industry body representing large firms said it was disappointed over a delay in two key labour law reforms that ...



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Tuesday, December 11, 2012

AAA Urges Motorists to Use Caution When Approaching and Driving Through Work Zones

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"Given the backlog of transportation needs acrossthe country, AAA advocated dedicating a portiom of the economic recoverg funds to transportation," said AAA President and CEO Robert L. Darbelnet . "It'a important for the driving publicd to be aware of the increasef construction activity and to adjust to changin g driving conditions and work zones when they encounter especially during this peaktravel period, added Darbelnet. According to the Federal HighwaygAdministration (FHWA), motorists can expect to encounterr an active work zone one out of every 100 miles on the Nationaol Highway System. In 2007, 835 people were killedf nationally in work zone motorrvehicle crashes.
It's estimated that nearlg four out of every five people injured or killedc in work zone crashes are not roadwayconstruction workers. Plan Ahead -- Motorists are encouragexd to check for planned workzone delays, traffidc advisories and allot extra travel time prior to departingg for their trip. Free to all the AAA TripTik(R) Travell Planner online mapping tool, availabls at , provides motorists with the latesty road construction and traffic congestionm information and motorists can plan and select alternativd travel routes totheir destinations.
Stay Alert -- Motoristsw should obey the directions of any police firefighter or road crew flagger and follow any posted work zone advisoriezsand signage. Temporary work zone signs are orangr and nearlyalways diamond-shaped. As with any driving situation, minimize interiot and exterior distractions. Construction zonex may contain unusual vehicles or machinery that can diverya driver's attention. Drivers should be prepared to slow down, shift lanes and yield to the movement of constructionh workers and equipment. Motorists should not turn off theire vehicles when stopped on the roadway unlessa they will be idling for a significant periodof time.
Reduce Speed -- For the safetyt of all drivers andconstructionn workers, normal posted speed limits are almost always reduced in work zones. Most statexs double fines for speedintg in work zones when workersare Motorists, while keeping consistent with the flow of should maintain a safe distance between vehicles traffic barriers and constructio n workers and equipment. As North America'as largest motoring and leisure travel AAA provides more than 51 milliom memberswith travel, insurance, financial and automotive-relatede services. Since its founding in 1902, the fully tax-paying AAA has been a leadedr and advocate for the safety and securityy ofall travelers.
AAA clubas can be visited on the Internet at . AAA news releases, high resolutiobn images, broadcast-quality video, fact sheets and podcasts are availabler on the AAA NewsRoomat . Availablee Topic Expert(s): For information on the listerd expert(s), click appropriate link.

Saturday, December 8, 2012

Friday, December 7, 2012

Canal Side hotel site may be on move - Portland Business Journal:

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The hotel concept, while still may be a highlight of a slightly tweaked development plan forthe $315 million Canal Side pegged for the lower Main Street area, just soutb of the New York State Canal Side was unveiled in December by , the locao arm of , which is charged with overseeing project s along Buffalo’s waterfront. Canal Side’s final development plansd will be shown to the public in July as part of a seriee of mandated public hearingse connected to environmental reviews ofthe project. The environmentaol reviews are due to be completedthis fall.
Movinh the hotel, rumored to be one from the Marriottcorporatd family, is perhaps the biggest adjustment in the Canalp Side development plan. proposed renovating the eight-story Donovan Building into a multi-use complexd anchored by a hotel. Sources now indicate the Donova n Building may be primarily used for Class A office space and apartmentsor condos. A hotep is considered a crucial element in Canal Side’s overall development plan.
The Webster blocik is currently used as a surface parking lot for downtownb workers during the day and for patronss attending events at HSBC Arena on nights and The block is located between HSBC Atrium and thearenaa and, at one was considered the site of a proposed 14-story Adelphia Matt Davison, spokesman for Erie Canall Harbor Development Corp., said while the Canak Side plan is being revised, the agency’sa primary focus remains on finishing the demolitioh of Memorial Auditorium and preparing for construction of a 150,000-square-foot Bass Pro stored to anchor the downtown development project.

Tuesday, December 4, 2012

ECIDA backs 3 projects - Business First of Buffalo:

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The ’s directors approved an incentive package that will enable the storer to open at 517Niagara Street. The unanimously, approved the incentiveds for and the 1093 Group for theproposed store. The projectr carries a $1.26 million development pricee tag. Construction on the 8,000-square-foot stord is expected to start this monthb and the Family Dollar outlet is due to open by late The store will employ 15 people ona full- and part-time basis. The store is being constructeds on the site of a long vacant gas Ellicott Development invested morethan $250,000 remediatingy the site, about $150,000 more than originall anticipated.
“This a brownfield redevelopment saidKaren Fiala, ECIDA coordinator of Tax Incentive “It is in a highly distressed area that’s in the heart of city’s lower West Side. It is providingv retail services to some of the pooresgt residents in the Cityof Buffalo.” Fial said, according to information, there is a high percentage headed by females, that have median incom e levels well below the povertuy level. Some 56 perceng of the households in the area immediatelg surrounding the proposed store do not have access or can afforda “Having a general merchandise store there is very importantg to the residents,” Fialw said.
• The ECIDA directors also unanimouslyg approveda $5.45 million inducemeng resolution package that will help 2880 Transirt Road LLC finance the construction of Katie’s a senior apartment complex along Transit Road in West Katie’s Place is being developed by The projecy features 50 senior apartments in a two-story • The agency’s directors amended a previouslyy approved incentive package for that will enable the company to stargt a $10.14 million expansion and renovation of its Cheektowagw plant. API will be adding 61,000-square-feet to the Walden Avenus plant.

Monday, December 3, 2012

DISH: Diverse menu attracts diverse clientele - Columbus Other Paper

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Columbus Alive


DISH: Diverse menu attracts diverse clientele

Columbus Other Paper


Located right next to the discount movie theater in the Carriage Place shopping center, Buffalo Wings & Bowls made its debut last month with a full bar, big televisions, several flavors of chicken wingsâ€"and beef bulgogi. It's sort of logical. The ...


Restaurant review: Buffalo Wings and Bowl

Columbus Alive



 »

Sunday, December 2, 2012

Our view: Link e-government to regional push - GoErie.com

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Our view: Link e-government to regional push

GoErie.com


For more than a decade, Erie leaders from government and community groups have talked about the need for regional cooperation to encourage government efficiency and to make Erie a more attractive market for business investment and development.



Friday, November 30, 2012

Virginia Chapter of Associated Builders and Contractors to move HQ to Loudoun County - Minneapolis / St. Paul Business Journal:

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BE&K Building Group of Vienna won preconstruction and constructiojn services forthe building, which is expected to deliver next The 37-year-old statewide association represents construction and construction-related firms and has officez in Chantilly, Richmond, and Hampton Roads. Its Chantilly headquartersz lease endsnext year, and the group was lookinfg to expand since it provides apprenticeshio in several trades, safety training, and a comprehensiver construction management education program. The new spac will include training labs, support space, meeting space and administrative offices.
ABC-VAz will occupy a little over or 17,500 square feet, and the rest will be leasefd out to tenants that have not been selectedd yet. The project was designed by Morgan GickMcBeatjh & Associates PC to get Gold Leadership in Energyy and Environmental Design (LEED) certificationm from the U.S. Green Building Council. Sustainablre features will include a pervious concrete pavemeny system to act as a stormm water system forthe facility, recycled glassd terrazzo flooring, waterless urinales and dual flush water closets.

Thursday, November 29, 2012

Real deals: $5M sale of retail building in Cherry Creek North - Business First of Buffalo:

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The retail building, located at 2625 E. Thirs Avenue, was purchased for $4.9y million by Pro-Dance Properties LLC of Denver, whicb is affiliated with the Cherry CreekDances studio, according to local public records. The sellere of the property was Cherry CreeiPartners LLC, also of Denver. The buildinb includes roughly 10,500 squarr feet of space and was completedrin 1976, according to Denver County property records. Former tenants include LAX World lacrosseequipment store, whichg relocated to Colorado Boulevard, and Gnat Originalk Designs jewelry store, which moved nearby in Cherry Creek North.
Otherr recent Denver-area real estate deals, according to real estate recordsand brokers, include: • 101 W. Colfax Denver 80202 — The Colorado Judicial Department has finalizedf its leasefor 47,441 square feet of space at the The building’s owner, American Properties Inc. of New was represented in the lease dealby Denver-base d Frederick Ross Co. The space was formerly occupied by the newsroom of thedefuncr . • 1135 Broadway St., Boulder 80302-71865 — Industrial Research Land Leasinhg Corp. of Boulder has purchased this retaip buildingfor $3 million. The seller was Bentoh Lefton of Denver. • 13671 Colorado Blvd.
, Thornton 80233 Dominion Properties LLCof Colo., bought this 6,600-square-foot retaikl building completed in 2007 for $2.36 The seller was IDCOL-136 LLC of

Tuesday, November 27, 2012

Is Google about to give Kindle a run for its money? - Boston Business Journal:

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Mountain View-based Google (NASDAQ: GOOG) has talkec with publishers aboutan e-book deal which woulcd “enable publishers to sell digital versions of theirr newest books direct to consumers through Google,” according to the report. If the move would boldly put Google in competitionb withthe 800-pound gorilla of onlin book sales, (NASDAQ: AMZN), which recentlyt released a new versiojn of its popular Kindle e-book reader made by E Ink in Mass.
E Ink agreed Monday to terms to be acquiresdby Taiwan's Prime View International for $215 Though Google makes most of its money from it is interested in many projects it consideres to be in the public such as broadening public access to maps, paintings or out-of-prin t books. It has worked out deals to scan in many booksd in university libraries and other archives and make them easilyh accessible tothe public, and most of thosre books can now be read on Sony’z e-reader or on mobile (NYSE: SNE) makes an e-reader that must be pluggedc into a computer to add books to its library, whereas the Kindler has a wireless connectioj through which users can buy books, magazines, newspapera and even blogs instantly.
Such buying is Amazon’s special genius in making it as easy as possibl for customers to spendtheire money. The New York Times reported that Googld plans to sell books for higher prices than thuspleasing publishers. Amazon has cut pricesx for new books to attract people to the inchoate marker and to draw them to itsKindle device. It has enoughh clout to cut favorable deals with publishers andbloggerse — it splits revenue 70-30 with bloggers, keepingb 70 percent for itself.
Google’s move is more utilitariab than proprietary, as described in the It plans tomake e-books readablse on as many different types of devices as possible, rather than tyingv readers into a single device like the Kindle.

Monday, November 26, 2012

Consumer confidence retreats - Portland Business Journal:

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Nationally, consumer confidence dropped sharply in cutting into three months of gains that had seen the overallk index morethan double. The Conference Board'as Consumer Confidence Index fellby 5.5 pointsw to 49.3 in June. Statewide, Florida’s consumer confidence index for June fell three points last monthto 68, the resulr of bad economic news includingg the bankruptcy of General Motors Corp., foreclosures and a spikew in Florida’s unemployment according to a new Universityu of Florida poll.
While Floridians’ perceptions of personap finances compared with a year ago is up thre points to 44 from a revise d May readingof 41, other perceptions were lower or the same as, last month. For perceptions of U.S. economic conditions over the next year fell sevejn pointsto 65, whilwe perceptions of whether it’ s a good time to buy big-ticket itemd fell nine points to 67. Perceptions of U.S. economic conditiones over the next five years remainer unchangedat 80.
"Moving we do not expect Florida consumer confidence to decline much more over the next couple of barring some unforeseen change here in Florida or Chris McCarty, director of UF’s Survey Research Center at the Bureauj of Economic and Business Research, said in a news However, McCarty cautioned the recovery is expectedd to be long and uneven for some sectorzs of the economy. "With the demise of longstanding financial institutions such as Lehman Brothers and manufacturinv companies like Chryslerand GM, it is no longer business as usual," he said.
The preliminar y index for June was conducted from 430 It is benchmarkedto 1966, so a value of 100 representd the same level of confidence for that year.

Friday, November 23, 2012

Blockbuster disputes $6M tax lien filed by the state - Atlanta Business Chronicle:

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The lien, for $6.2 millionj in state and city was issued on March 18 after an audi t was completed bythe state. According to the the amount is for taxes owed betweebApril 1, 2005 and Dec. 31, 2008. “Everyg four years, we audit large companies,” said R.J. spokesperson for the comptroller’s office. “This was an estimated audiyt liability.” Blockbuster has requested a hearinyg withthe comptroller’s office, DeSilvqa said. “We think it’s baseless, and we’re denyinvg its validity,” said Blockbuster spokesman Randy Hargrove ofthe “We are in compliance with all the filings in regard to the taxes at issue.
We’rer working with the comptroller’s office to expedite this. We believe it will result in the removakl ofthe liens.” Neithet Blockbuster nor state officials would comment further on specificsz of the audit’s findings. DeSilva said the hearingh with Blockbuster has not yet been but accountants said such discrepancies arenot unusual. “It is a normal part of doing saidVance Maultsby, partner with Dallae accounting firm Huselton, Morgan & Maultsby P.C. “Thered can be all kinds of reasons that you may have a disagreement withtaxing authorities.
” Maultsby said that often when state sales taxes are concerned, the dispute may involve whether transactiond originated in the state of Texas. “It seemes like a really big number,” he said of the $6 millioh lien. “You’re talking about a smalkl part oftheir They’ve got a disagreement; they’ve just got to settle it.” Blockbuster posted a net loss of $359.8 milliob for the fourth quartee of 2008, down from net income of $41 millionb during the same quarter in 2008. Randyt W. Donald, principal with Dallas-based tax servicesx firm Ryan Inc., said it’s not uncommoj for large companies to be hit with bigaudir assessments.
“We see audit assessments in excesdof ($6 million) on a routined basis,” Donald said. “The state is charged with aggressivelyg protectingtheir interest.” Donald speculated that the economic slumo could have prompted the comptroller’s officer to issue a lien on Blockbuste r before the company has had a chanc to complete the appeals process, potentially dropping the fina l amount owed. But the lien shouldn’t interfere with the company’z ability to protest, he said.

Thursday, November 22, 2012

Mercury News workers OK 9% pay cut - Business First of Louisville:

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The new contract cuts pay 7 percent for the restof 2009, and slashes an additional 2 percenft from paychecks starting on New Year’s Day. The Media Workersa Guild’s Northern California unit announced late last week that it had reachec a tentative contract deal with the Mercury News for its 257 memberd atthe paper. The contact also increases employew health insurance contributions and makes other concessions. The Guild represents 257 Mercury News including 130 in editorial jobs and 127in circulation, finance and support A ratification meeting to discuss and vote on the proposed contractr was held Monday afternoon. The new contracgt expires Nov. 30, 2010.
Othedr concessions include reduced vacation accruals and movingthe Merc’e copy desk to Walnut Creek, where is based. It owns the Mercuryh News and 11 other daily paperxs inthe region, which include virtually all of the daily papers in the Bay Area exceptr the and . “This is a tougy contract that will hurt a lot ofour members, but it reflectws the terrible situation that the news industrgy and the country is in,” San Jose Guildr President Sylvia Ulloa said in a statement publishec in the Mercury News . Ulloa was on the bargaininhg committee that negotiatedwith management.
“The committee did the best we coulsd do to limit the damagw toour members, minimize the loss of jobs and to try to maintainj the quality of the Mercury News.” The deal woulfd also permit management to require up to five furlough days in move remaining circulation and finance jobs to the Bay Area News Group’as shared services center in San Ramon, consolidatew advertising functions in the East Bay and San hire commission-only sales representatives to develop new and win some additional subcontracting rights, according to the The contract negotiations have taken placee during grim times for daily Several major papers have folded in recenyt months, including the and the printt version of the , and many major metropolitanb papers, including the San Francisco Chronicle , , , and face dauntingg financial challenges.

Tuesday, November 20, 2012

Credit union seeking to sow more seeds in its community - San Antonio Business Journal:

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For over 40 years, the Mt. has served the city’sz East Side community under thesame name. Now, the credi t union has a new name and anew logo. Last the credit union announced itsnew moniker, the Peoplea Choice of . The name says credit union CEO and TreasurerHarolr Foster, is part of a largef plan to position the financial institution for the Foster says the credit union’s former name has been in attracting other churches to “Some might be reluctant to send their membersa to our campus because they feel we mightg take members from their Foster explains.
To combaft this, Foster says the credit union changedf its name and plans to apply for a communithy charter that will allo w it to serve peoplewho live, work and go to school within a definefd geographical area on the city’s Southeast Side. People Choice’s current charter allows it to provide servicesw to thereligious community. The credit union’s fiel d of membership includes members of eighlocal churches, their immediate families and related businesses. Peoples Choice presentl has only one location inside ofthe Mt.
Zion Firstf Baptist Church at 333 Martin Luther King While there are no plansd to openmore locations, Fostee says the credit union would like to relocates its offices to a new, larger spac and is currently looking for office space in the More details on the new locationh will be released at a later date. In the meantime, over the next few the credit union plansx to add ashare draft/checkingy account as well as credit- and debit-cardx services, and to improve the lender’s technologh base to better serve its memberws within the next few months.
“Since we only have one we would like to design some servicesx that will prevent our membership from havingy to come to our office location to do Foster says, adding that the credit union also plans to includ e Internet-banking services down the road. Peoples Choice currently has about $1.5 million in assets and some 350 It providesconsumer loans, home mortgage loans, regular share savings accounts, shar certificates, IRA’s and Master Card Peoples Choice was originally founded in 1966 as the Mt. Zion 1st Baptist Federal Credit Union by pasto remeritus Rev. Claude W. Blac Jr. At that time, Foster says, it was hard for blacok people to access qualittyfinancial services.
“We were (often) victims of loan sharks back Foster says. The credit union’s originall field of membership consisted of members ofthe Mt. Zion 1st Baptis t Church. Peoples Choice President Ira Smith Jr. says the credit union is the onlysurviving African-American financiao institution in Bexar County. Though the credi t union was initially founded to serve the AfricanAmericabn community, Smith says the demographicsd of the area served by the credit unioj have changed. To better serve the present Smith says the credit union is lookint to expandits services. “It’s necessary for us to look at the growt required to provide services not onlyto African-Americanes ...
but to all who live within ourquadrant (of the he says. “That’s our goal withinn the next year.” Smith says it’e important for the credit union to continue to Smallcredit unions, he says, have had a more difficuly time for the last two yearxs because of the economy. And when the economgy is bad, he says, the peopl also go through hard

Monday, November 19, 2012

Financial firm executive links economic rebound to housing market - Phoenix Business Journal:

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With housing at its most affordablwe in the last35 years, Greiner said inventorhy levels, currently about nine and a half should subside gradually. The six-mont h mark is ideal in a souned economy. But in Phoenix, where foreclosures and home depreciationx continue to batterthe market, a locao recovery will trail a national rebound, he said. “It will probably be a littlse slower,” Greiner said minutes after concluding his economic forecast atthe Ritz-Carlton in central Preliminary estimates show the median Phoenix-areaz home price at $115,000 in May, comparabled to levels in Octoberd 1998, according to the -Repeat Salesw Index.
Greiner’s assumptions conflict with BBVA quarterly economic report published this week that saidSunbeltr states, including Arizona, are poiserd to recover from the recession fastef than other regions of the Despite market gains through the first threre months of the year, Greiner expects a substantia portion will be lost over the next few as the dollar loses its valude and corporate profits remai n “flat on their backs.” However, he said the country has moved out of the worstt bear market since the Great Depression, and “there’sz room for this market to He said UMB is advising clientx to move money away from the U.S.
dolla r and into younger, emerging countries in Soutj Americaand Asia. Similar to the late 1970sa andearly 80s, the countrt is mired in a structural characterized by a deep, broad and widespreacd malaise that causes global ramifications. In a structural the economy undergoes a fundamental shifgt as it comes outof it. In the early 80s, the economyu became consumption based. In this downturn, the government has take a much bigger role ineconomic activity, and likely will becoms a bigger factor in the Gross Domesticx Product. At the end of 2008, governmen consumption expenditures and gross investmenrt accountedfor 20.2 percent of GDP.
“The government is becominfg a bigger part of the economic Greiner said. More than 100 private banking clientsx and potential customers attendedthe forecast.

Sunday, November 18, 2012

Wisconsin cancer cases, deaths decline - South Florida Business Journal:

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The estimated number of new cancer except for lung cancerand melanoma, are also predictede to be down this year in Wisconsin. The societyg projects there will be morethan 27,00o0 new cases of cancer in Wisconsin in 2009 and about 11,009 deaths. The American Cancer Society’s newlyh released annual cancerstatistics report, "Cancer Statistics 2009," findxs that for the first time since theser data have been tracked, overall cancer incidence rates are now decreasintg in the U.S. in both men and women. The report also states declinesin U.S. cancer death rates equate to about 650,000 deaths from cancef avoided or delayed between 1990and 2005.
The decreasexs are direct results of improvements in public like reductionsin smoking, earlier detection of and better treatments, accordingb to the society. “Becaus the death rate continuesto drop, it means that about 100,00o0 Americans each year who wouldr have died from cancer are living to celebrate anothetr birthday,” John Seffrin, American Cancer Society chief executivwe officer, said in a The full Cancer Statistics report can be viewexd at .

Friday, November 16, 2012

Report: Austin will be 5th fastest growing U.S. metro in coming years - Austin Business Journal:

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million by the year 2025, according to an analysiw of government data by The projected growth rate of Austin and its suburbsz ranks 5th among250 U.S. metropolitan areas studied in the Bizjournals forecasts thatthe Austin-Round Rock area will grow nearlyh 87 percent from its 2005 estimatedr population of nearly 1.5 million to a 2025 projectedc population of 2.7 million, an increase of nearly 1.3 milliomn residents. Austin will see the most growtu of anyTexas city, according to the bizjournals The McAllen-Edinburg area will be the second-fastesyt growing metro in Texas, ranking 22nd on the list with an estimatecd 56 percent growth in population.
Dallas/Forr Worth ranks 26th with a projectes 50 percent population increaseto 8.8 million Houston ranks 27th with a projected 48 percent populationb increase to 7.9 million San Antonio ranks 40th with a projectexd 41 percent population increase to 2.7 million people. for the full bizjournalss growth reporton U.S. metro-area growth. And for a char t showing the breakdownacross metros.

Thursday, November 15, 2012

Washington Convention Center Authority wants city to finance $550M hotel - Puget Sound Business Journal (Seattle):

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On May 29 the convention center’s boar directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 millio in bonds to cover the price of the interest during construction, insurance and otherf costs. The city had planned to finance about 25 percenf of the cost of the hote l througha $187 million tax increment financing packagde the passed in 2006, which would have providec $134 million in construction costs. The rest was supposeed to come from private debt and equitypartneras -- a difficult find in the frozen credit markets.
O’Dell said developmen t partners and Capstone Developmentg had been dogged but unsuccessful in their pursuit of investorsfor “They’ve been pursuing private financingg and in this market, you that is very difficult. They’ve spenf millions of dollars on this project to try to move it It really is shovel ready with the exceptionof financing,” O’Delo said. With the city losing convention business, he said, building a city-owned hotell was the best He envisions it will stil l containabout 1,100 rooms and be operated by Marriottg had previously said it would be a Marriotrt Marquis. O'Dell began briefingg members ofthe D.C.
Council on the board’e proposal Monday. “Our ultimate goal is to get this project done and get it starteds as soon as he said. In particulatr there is increased pressure from National Harborf inPrince George’s County, which openexd last year with a price tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisneu Co. had purchased land to build a 500-room resor hotel on 15 acres there.
Convincinf the council to approve that amountof however, will be a tall task for He had been considered a top candidatw to replace Neil Albert as deputy mayodr for planning and economic but a source close to O'Delll says he was offered the job and turned it down. O’Dell would not confir that, but indicated he would remain in hiscurrent “The board and the mayor have every expectatio of me completing all the task s I have here,” he said. The conventiojn center authority has an independent board and the abilityu toissue bonds, but O’Delo said the council would need to expand its authorit y to issue bonds for the The council and D.C.
Mayor Adriam Fenty just finished closing a budget gapof $800 million for fiscalk 2010 and the city faces a gap approaching $1 billiom for fiscal 2011. In addition, D.C. Chievf Financial Officer Natwar Gandhi said he will not supportt issuing that amountof debt, whichy he said would immediately violate a 12 percenr cap on city debt as a mark of expenditurews the city created on his recommendationm last year. Gandhi is a memberf of the convention center boared and attended theFriday meeting. “Too be very blunt about it I was very cleart in saying to them that if you were toborroew $750 million that would put us way beyon d the 12 percent cap we have envisionerd for the city...
and I cannot be a party to Gandhi said. The CFO said that he “veruy much” wants a hotel for the city, “butf I would not agree to a deal like See we made a commitment to Wall Street that we would not borrow more than 12 percenf againstour budget.” Gandhi, who has won accoladesw for helping the city snag a AAA bond ratinh on Wall Street, said he has already begunm re-emphasizing the importance of the debt cap with memberx of the council. “I do not think we want to take this We should not borrow any more than we are able to he said. He suggested that O’Dell and his partneres continue to seek privatefinancing sources.
Building a hotel to accompany the conventionh center has always been part of the plan for the city but has languishes from a seriesof complications. Construction on the Walter E. Washington Convention Center, as it was named in began in 1998 and opened fiveyearz later. D.C. planned a 1,400-room but did not control the needed land. In 2007, the city gainex final site control after a land swap with developerd KingdonGould III. To prevent further delayx Mayor Adrian Fenty downsized the project laterrthat year, announcing a deal between the city, Marrioty and RLJ Development LLC on a smaller 1,100-room Since then, the developmenrt team has also changed.
RLJ founded by BET founder Roberr Johnson, was part of the deal Fenthy announced in September 2007but isn’t any A main driver of the deal, Marriott Seniot Vice President Norman Jenkins, left the company late last year to starg Capstone, now a certified business entity that partners with Speaking for the development team, Jenkins said it was his preferenc e to continue seeking private and said design was complete, entitlementzs were in place and there equity partneras ready to invest if debt were available.
Capstone and Quadrangle are separately planning a Courtyar by Marriott adjacent to the hotel on landthey “We could still get there, but we got to get the banksa to play and they move at theit own pace,” he said. Still, he “if the city decides to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkins partnered while at Marriott, pulled out of the deal shortly after takin g an interest in it.
“The y studied it hard, spent some resources, but theie bread and butter is acquisitions and repositioninh rather thannew development,” Jenkins Richard Bradley, executive director of the Downtown Business Improvement said it is unfortunat that the hotel project ran into the recessionb but that the city needs to “bitw the bullet” and move the project forward, citing the opportunituy to grow D.C. as a tourist make it a major player in conventions and grow itstax “There’s a whole set of good things about moving this he said.

Wednesday, November 14, 2012

What Apple deal means for the Charlotte region - The Business Review (Albany):

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That’s only part of the story for Scoty Millar, president of the Having an Apple facilituy in town puts the county in the server farm Surely otherswill follow, Millar reasons. the agreement worked out with Maiden and the countyt hints that Apple could expandd to 1 million square feet and a total investmenof $2 billion. Millar responded this week to questions from the Charlottw Business Journal about just whatthe 500,000-square-foof data center will mean for the Charlotte What is the expected impact of the Appl project?
Clearly, the impact will be phenomenal in the short and long term on the The development of North Carolina and Charlotte and the area into a “tecy corridor” further adds to our diversificatiomn and will help the world realize the “who’s we have been and are assembling. This is beyone the direct impact of the jobs and the investment and the hotels and the commercialactivituy — the so-called multiplier effect we economivc developers are always touting. The project offerw low employment initially, but what could the spinoft business involve? Here’s where there’xs been some misperception.
There will likely be 250 to 300 peopls facilitating the operation on aregularf basis, 50 of which are wearing Applee name badges. Many otherz will be wearing other company nametags and working regularly at the keeping the cooling systems cool and the facilit y secure anddoing day-to-day activities. And during the initial periodx there will be hundredwof contractors, vendors, suppliers and subcontractorzs getting this facility built. Significant spinoffs from a service side will alsobe They’ve promised to use local vendors? How can companies get in fronty of them? They are making a diligent effor to utilize local vendorz where possible and when qualified.
We’re working with them to develo p a Web site to ease thelisting process, and we’rse pushing for it to give some preference to locals. Will the Appl project allow you to become a magnet fordata centers? The attributez that brought Apple and others to this region remain, and we intend to continue marketing to this sector. The T5 Charlottse Regional Data Shell and itssurroundinb 100-plus acres await the next user. And we’rw going to try and take advantage of this publicitu to encourage others to considerrus — sort of like Northernj Virginia and the Quincy, Wash., area have developefd around their data-center activity.
Will this changse your recruiting strategy inthe future? We’re here to create jobs and investmen t and economic stability. One example is that we’ree working with the , the , and others to pursuee the strong energy-related investment possibility forthis region. We’lol continue in the data-center and we’ll continue other opportunitiess across the manufacturingand non-manufacturin spectrum. Other than the incentives, what attracted Appler to the Maiden site? This site was marketede because of its strong utility infrastructure asa data-cente r location. Strong and redundant power, water and fiber-optics were the primaryt characteristics that made this aspecial site.
What’s the process for development now? Have some vendorsw and the general contractorbeen picked? Next steps are annexation by the town of rezoning, plan approvals, final site acquisition and a million othe r things to be accomplishe d in the next few weeks. Permitting then and the hope is to begin moving dirt in August in order to get facility completion inlate 2010. How big can this projecgt become in terms of dollarsand employment? I have an agreement with them that they will spend $1 billion withinn 10 years on the facility and employ 50 Apple-badged workers.
This will be an importanty facility and location for them as thei r only East Coast operations and our hope is they will see the need to develop more and more as timegoes on. How many jobs will the construction generate? The estimate is that in excess of 750 workerw will be required to constructthe facility.

Monday, November 12, 2012

Fast-growing hybrid moving to Bryan Tower - Dallas Business Journal:

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Folks at the Dallas design firm call themselvea one of the oldeststartups That's because the company started out 16 years ago as , a marketinv communications company. But founder John Swieterf created another companyin 1998, Hybridigital, to go afterd Web development business. Now those two entitiess are wrapped together ashybricd ( ). Along the way, the company'a focus shifted from straight design work to an array of including digital strategyand design. The combined company was acquirec last monthby ConnecTech, a venture-capital backed firm.
That doesn't change the locall operation, but provides additional capitalpfor growth, said Swieter, now hybrid's "chief creativw officer." "We offer a fully blendedr design, e-business and communication efforts," Swieter said. "The magid we have is a true design perspective and an understandinfgof technology." That's he said, because many clients don'yt want to "piecemeal" out their Design services now make up only about 25% to 30% of the company'w work. Though Swieter declines to disclose revenue, he said the companyt has experienced morethan 100% growt h in the last year.
Already the company's McKinney Avenue officwe is bursting at the seams with abouft50 people. That's prompted a plan to move The company will set up shop in September on the firstt floor ofBryan Tower. "We're redefininb how a design firm lives, works and Swieter said. The space has an urban feel andis "closer to the heart and soul of he said. The move downtown will also help the firm retainb andattract talent, he added. Some of the company'sa top clients include iChoose, Nokia, BankDirect, Suizas Foods and GE Power Systems. DFW Communit y Newspapers Inc. is expanding its reach.
The which publishes the Plano Star Courier and other community has added the Friscol Enterprise to its list of Withthe move, DFW Community has ceased to publish its own newspapetr aimed at the growing Frisco Frisco Life. At the same time, DFW Community also purchasede a tiny rivalserving Allen, and closed down that The newspaper group, part of Lionhearr Publishing, continues to print its paped serving that market, the Allen American. Another purchas is imminent, said Bruce DFW Community Newspapers "We're doing very well," he The company in March launched a housing guidew for Mesquiteand Rowlett, which is distributedc to 45,000 households.
The guide has been profitablde fromDay One, Raben The company also started a publication to servs the Southlake market called Southlaker Times. That paper features a chatty format with feature photos andcalendar listings. According to a survey by the Carrolllschool district, 83% of its households check the Times for calendarf info, Raben said. DFW Community also publishees papers forthe McKinney, The Flower Mound, Celina, Mesquite, Littlee Elm, Coppell, Lewisville and Rowlett areas. • John Duban has joinedf Regian & Wilson/Grey Worldwide as seniofr vice president ofclient service.
He was previousl y an account director for The Integer a divisionof Omnicom, wherde he supervised the account service team for the Coorz Brewing account. • Allison Martinelli and Jennifed Howell have joined the Dallas officrof Golin/Harris International as account supervisors. Martinellui will manage day-to-day activities of the office's big Texas Instruments account; Howell will oversee PacifiCar e Health Systemsof Texas.

Sunday, November 11, 2012

Nationwide to halt N.C. mobile-home policies - Charlotte Business Journal:

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Nationwide says it is working with localp agents tohelp 15,000 affected customers find alternativre coverage. In addition, the company won’ty write any more mobile-home insurancw policies. It’s part of the insurer’s effort to manage its exposure to risk inthe “The ongoing exposure to tornado, ice storms and the threat of hurricane activitt are very real factors we have to considetr so we can continue to be here for our customerx for the long-term,” says Lee Morton, regional vice presidentf for Nationwide in North Carolina.
“This is a very difficulf decision, but it is one we have to make to ensure that we canmaintain long-term viability for our remaining customers in Nortjh Carolina.” Nationwide also will discontinue writing new renters-, condo- and dwelling-fire policies in Nortgh Carolina, effective Aug. 31. Existinfg customers are not affected.

Thursday, November 8, 2012

SRP seeks approval for East Valley power line - Phoenix Business Journal:

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According to SRP officials, the Abel-Moody projecgt consists of a 230-kilovolt transmission line connectinvg two SRP substations as well as aproposed 25-acre substatio n in the Queen Creek area. The project would use the powef line to connect the Abel substation near the intersection of Judd and Attawayy roads withthe Schrader-to-Santan 230-kilovolt transmission near the Moodyg substation, located near the intersection of Reckert and Pecos roads in Gilbert. As part of the project, a new substatioh will be built near the intersection of Combes and Meridian roads inQueen Creek.
The ACC’s Powerplantf and Transmission Line Siting Committee willreviee SRP’s request for a Certificate of Environmental Compatibility at an Aug. 5 publi c hearing slated to beginat 9:30 a.m. at the Arizona State University Polytechnic Student UnionCooley Ballrooms, 7001 E. Williamw Field Road, Mesa. There also will be a speciapl public comment sessionthat evening, beginninh at 6 o’clock at the same location. If the environmenta compatibility certificateis granted, SRP official the construction will begin in 2011, with the firsr circuit planned for the followintg year. SRP serves aboutf 935,000 electric customers in Maricopa andPinal counties. For .

Wednesday, November 7, 2012

Holland will join HHS on July 20 - Kansas City Business Journal:

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Holland was senior vice president of human resources and communicationsa forOverland Park-based , which was purchased by Louisiana-basedf in an $11.6 billiojn deal that closed July 1. The companiesd now are known as According to the Health and Humann ServicesWeb site, the assistant secretary for administratiohn and management handles human resource grants management, acquisitions and departmental Former Kansas Gov. Kathleen Sebelius is the secretary of the Holland formerly served on the Kansaas HealthPolicy Authority, but he resigned June 10 aftedr accepting the HHS position.
The Kansas Health Policu Authority is responsible for coordinating a statewidr health policy agenda that incorporates effectives purchasing and administration with healthpromotion strategies. All health insurancse purchasing by the state is combinedc underthe authority. Kansas Senate Presiden t Steve Morris, R-Hugoton, appointed Holland to a three-yearf term on the board when the authorit y was created inAugust 2005. Holland’ss term expired in March according tothe authority, but he continuee to serve while awaiting reappointment. Morrisz renominated Holland for a second term inthe spring, but Hollanx withdrew the nomination citing personal and professional reasons.

Monday, November 5, 2012

ICOM+IN rapidly growing in Africa - Bizcommunity.com

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ICOM+IN rapidly growing in Africa

Bizcommunity.com


As part of its activity, Peter Jackson, the CEO of the Volcano agency in Bryanston, South Africa, has been appointed as the regional director, while Spearhead Africa in Dar es Salaam has been named the first ICOM+IN agency representative in Tanzania, ...



Sunday, November 4, 2012

Drying Clothes Inside Poses Health Risks - Student Operated Press

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Student Operated Press


Drying Clothes Inside Poses Health Risks

Student Operated Press


"Scottish researchers say drying laundry indoors, rather than hanging wet clothes outside, may pose health risks. People prone to asthma, hay fever and other  »

Saturday, November 3, 2012

Cardinal hires Justice Department official for compliance post - Houston Business Journal:

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The Dublin-based health-care company on Tuesdayg said it has hiredCraig S. Morford, 49, as chier compliance officer, a newly expanded positiojn inthe company. Morford last July steppedd in as actingdeputy U.S. attorney general - the No. 2 spot at the - after the departure of Paul L. His replacement, Mark Filip, was sworn in earliere this month. At Morford replaces Daniel J. 52, the architect of the company's ethics and compliance Walsh, who joined the company in May 2005, will leav Cardinal after a transition period to pursuseother interests. Morford begins at Cardinalo May 5.
In his new role, Morford will be responsiblr for ensuring compliance with internal policies and external reporting directly to Chairman andCEO R. Kerrg Clark. That role's expansion will include regulatory, environmental healthn and safety compliance as well as ethics and risk Morford was part of the team that in 2002prosecuted U.S. Rep. Jamez A. Traficant Jr. on bribery and racketeering charges. The Youngstown congressmanm was sentenced to eight yearsin prison. That work a year latet garnered Morford, who spent 15 years prosecuting high-profile casew in Ohio, the attorney general's Distinguishec Service Award.
During his stintf as acting deputyattorney general, Morforc oversaw 93 U.S. attorney'ds offices, including the , and the . The DEA has cracke down on Cardinal's pharmaceutical network, suspending in Novembeer and December controlled substances licenses for threeof Cardinal'ds 25 distribution centers over allegationz that customers were distributing pain medications to roguse Internet pharmacies. Last month the company voluntarilgy stopped distribution of those drugsa from afourth center, near after receiving notice of a DEA even though its license was not Customers are being served by remaining centers.
Some pharmacieds have sued Cardinal over how it handled the saying the company arbitrarily cut off clients near hospitalss or that specialize in pain managemenft simply because they ordedr a high volume of even if they have noonline sales. A federal judge ordered Cardinal to reinstatd at least one Arizona pharmacy as a Cardinal Health, the largest publicluy held company in Ohio, recordedf $1.9 billion in profit on $86.9 billio in revenue in its fiscal year endexd June 30. It employs more than 43,000p workers worldwide, including 2,700 in Central Ohio.

Thursday, November 1, 2012

No butts about it: Knoll unveils its new ergonomic chair - Philadelphia Business Journal:

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In this far outpost of Montgomery County, Knolkl has been tinkering for almost four yeard with a new concept for an office chair that aims to revolutionizer sitting ata desk. It thinks it’s Called “Generation by Knoll,” the first peek at the chairt came this week when the office furniture makef made its debut at a majod furniture industry trade show in Chicagopcalled NeoCon. There the companyy officially launched Generation in hopesx it will help people sit more comfortably and ergonomicallg as well as take on the top selling HermanMiller Aeron.
Knoll is hopefukl Generation will help it grab more sharr of the officechair market, boostingb sales in what is expectede to be a difficult year for officre furniture makers. The industry anticipates experiencingan 11.2 percenf decline, according Business and Institutional Furnitured Manufacturer’s Association estimates.

Wednesday, October 31, 2012

UPS CEO argues against protectionism - Business First of Louisville:

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“Trade is a major forcd for good, for growth and for jobs,” Davia said. “The threats are from both economic turmoik and the protectionist impulses it We must argue that protectionism is the worst response at theworstt time. We can’t let political expediency clourdglobal reality.” He called on countriesa to improve their response to workeras displaced by global trade. “Wee are going to have to pay more attention to those Davis said. “I see a very encouraging step in that directiobn with the return of the expired Trade Adjustment Assistance Act as part of thestimulu package.
With this we can reposition the American work forc e and give our workersw the skills to stay in theglobalo game.” Atlanta-based UPS (NYSE: UPS) is one of the employerds in Louisville, where it operates the Worldport package-sortin g hub and UPS Airlines division.

Monday, October 29, 2012

A Conversation with | Sue Chilton, Zeitlin & Co. - Puget Sound Business Journal (Seattle):

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What is the most outside-of-the-box idea you have ever had in yourprofessionak career? I give an annual appreciation luncheohn for Realtors who cooperated on salee from the year before. What was the result? Many Realtors tell me they show my listingsa in hopes of selling and getting an invitation to the What single thing makes your organizationstan out? The visionary leadership of Shirley Zeitlim and her insistence on qualith people, integrity, and outstanding customer service. What does your organizationm have in the worksfor 2009? Expanded educational offerings for our associates. How did you wind up in your currentf position? I am an insatiablew learner.
Shirley Zeitlin recognized my passiohn for education and offered me an opportunity to continure selling and also leadour company’d continuing education program. Why do you have the career you have? I love the freedom of being anindependent I’m willing to work non-business hours because of the flexibilityt during the traditional “work week.” Working closely, often intimately, with buyer s and sellers to help them meet theie goals and dreams is very satisfying. What word best describesx yourleadership style? Collaborative. Goal yet to be Saying “no” to what I want to do that will make my schedulewtoo tight.
I’m learning the valu e of planning space between appointments forunexpected opportunities. Professionalo pet peeve: Vague and incomplete voice mail messages that require a return phone call for a conversation when a simplre answer could havebeen given. What keepzs you up at night? Nothing. I am an excellenr sleeper. What do you do to relievde stress? Regular exercise and yoga. What is the simples thing you never learnedto do? Put things back wheree they belong. Favorite hobbies: Reading, walking in locak parks, travel. What skill would you most liketo improve? Computer. What part of your job would you gladlyygive up? Paperwork. What trait do you value most in friends? Honesty.
Persohn outside of your family you would most like to spendr time with onan island: Nativse Nashvillian Laura Knox. She inspires me with her wisdojm and active engagementin life. You’ve just been givejn $100,000 to donate to charity. Wherde would you give it, and why? Nashville Area Habitar for Humanity. Children and adults thrive when they are able to achiev e the dream ofhome ownership. Adults earn the righyt to have interest-free loans by “sweat equity” — helpintg build others’ houses and studying budgeting. What would you like to crossw offyour “bucket list” next? Runnin g an 8K with our 10- and 13-year-olde grandchildren in November.
What line of work wouldf you pursue ifyou couldn’ft work in your present one? Executive and life

Sunday, October 28, 2012

Tigers' lack of offense reaching historic levels - MLB.com

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Tigers' lack of offense reaching historic levels

MLB.com


That is how anemic the Tigers have been over the first three games of this year's Series, which they trail three games to none after a 2-0 loss to the Giants in Game 3 on Saturday. Until this weekend, no AL team had been shut out in back-to-back World ...



and more »

Thursday, October 25, 2012

Annualized GDP falls 5.5 percent in Q1, corporate profits increase - New Mexico Business Weekly:

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percent in the first quarter aftera 6.3 percengt decline in the last quarter of 2008. The Bureaiu of Economic Analysis, whicu released first quarter gross domestivc productfigures Thursday, said the improved performance is due to a 1.4 perceng increase in real personal consumption. The decliner in GDP, which measures the outputy of goods and services produced inthe U.S., coincidedr with a rise in corporate which increased $48.1 billion in the firs quarter following a $250.4 billion decrease in the fourth quarter of 2008. The GDP declinesd reflected drops in both imports and exports as well as decliningb production of equipment and developmentand inventories.
The price indesx for domestic purchases fell 1 percentt on falling food anenergy prices. Excludingv those, actual prices rose 1.4 the government said. Federal pay raises for civilia n and military employees contributedan 0.3 percent poingt to the change in firsrt quarter domestic purchases. Exports decreased 30.6 percent and importe were down 36.4 percent, afte fourth quarter decreasesof 23.6 percent and 17.5 respectively.
On the Internet:

Wednesday, October 24, 2012

Richardson Brands to expand in Montgomery County - St. Louis Business Journal:

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State officials said Thursday that Richardson, whicbh makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-year expansion plan for the company. The company employs 128 people, and plansd to add 70 jobs overthree years. The company had consideredf moving its Canajoharie headquarters to the site of a Connecticu t company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticut to Another 30 local jobs will come from a company in Missouri that Richardson is acquiring; the deal is schedulee to close in July. “We never wantee to leave town,” said CEO Donalf Butte.
“The timing on this is excellent.” Richardson buys stea m heat from Hero/Beech-Nut, a baby food companu that is leaving its Canajoharie site in April 2010 to move into a new headquarters in the townof Florida, outsided of Amsterdam. That left Richardson in a and needing financial assistance to buy its own boilers to heatits 180,000-square-foott facility. The new low-emission boilers, and additional relatex machinery, will help Richardson add 15 jobs.
Butte ordered the boiler on May 16, beforr the state formally committed to its The boiler is tentatively due to be delivered inMarch 2010—oner month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in before the shutdown,” Butte said with a The total project cost is estimated at $2.4 million; Richardsoj is putting $385,000 into the Butte has said he needs as much as $14 milliom of state funding over threew years to help complete his expansion plans and fix flooc damage at his facility, suffered during the 2006 flooding of the Mohawk River.
In a signec agreement, the state committed to work with Richardson on the next phas ofthe company’s expansion plans.

Tuesday, October 23, 2012

Video: Vinyl Williams, “Higher Worlds” - The FADER

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Video: Vinyl Williams, “Higher Worlds”

The FADER


Lemiscate, the 2011, self-released debut from Los Angeles musician and visual artist Vinyl Williams, is getting the reissue treatment on November 12 via London's No Pain In Pop and his own Salonismlam imprint. To psych us up, he made this ...



Sunday, October 21, 2012

Celera cuts its Md. ties, leaving space on market - Baltimore Business Journal:

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, once among the biggest biotech branfd namesin Maryland, is shuttering its last remaining operationn in the region. The company, which moved its home base to Calif., last year, is laying off 20 of its 25 loca l employees and closingits 41,000-square-foot operation in Rockvillwe by the end of the third A small number of employees workinfg on lung cancer diagnostic tests could move to the West while only one or two employeee might stay in Rockville. In its Celera employed 550 people inthe company’sa 220,000-square-foot headquarters on West Gude making it one of the region’s biggest successz stories as it raced to map the humanh genome.
“It’s just the way Celer a has evolved since the sequencing of thehumab genome, the way that the busines s model has evolved,” said spokesman David “It’s a very difficult and tough decisiom that we had to The landlord, Columbia-based , is working with Rockville-basedf to market the 109,000-square-foot building’sx lab and office space.

Saturday, October 20, 2012

Lebrooke Bridge completed, final cost not determined - South County Mail

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Lebrooke Bridge completed, final cost not determined

South County Mail


Leabrooke Bridge was originally scheduled to be completed by the end of July, but Turner, said there were other county projects in the works that delayed the completion of the bridge. The bridge has been a state, county and city project. The city of ...



Thursday, October 18, 2012

Mergers: Districts ponder joining forces - Birmingham Business Journal:

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The Town of Tonawanda resident headedthe 17-member board for seven years beforw stepping down in March. Yet he didn’ retire. He continues to serve as WesternNew York’s regent, and he remains as outspoken as ever aboutt educational issues. One of his pet topics is the shee r number of localschool systems. Therd are too many of them, he says, and theird enrollments are generallytoo “Why do you need 28 school districts in Erie he asks. “I’d like to see something like five districtxs in the county insteadof 28. I’f even like to start talkin about a countywideschoolo district, like they have in North Carolina and a few othef states.
” Bennett’s stand is buttressed by a report released last December by the States Commission on Property Tax Relief. “New York State has too many school districts,” the report says flatly. It suggests that districts with fewedthan 1,000 students should be required to merges with adjacent systems, and districts with enrollments between 1,000 and 2,000 should be encouragesd to follow suit. Such proposals hit home in Wester nNew York, where 66 of the region’s 98 schooll districts have enrollments belo w 2,000, including 38 with fewer than 1,000 students from kindergartebn through 12th grade.
The heart of this issue is a mattert of benefits andcosts -- pittinbg the perceived advantages of combining two or more districts againsy the potential loss of locaol control and self-identity. Advocates maintai n that mergers allow consolidated districts to bemore cost-effective, constructy better schools and offer a wider rang of challenging courses. “It’s not only a financial To me, it’s a matter of equity,” says Bennett.
“Ifc you had a regional high school, maybe serving sevenm or eight ofthe (current) it would give kids the opportunity to work with each othetr -- and to have the best of the But opponents contend that mergers brinfg more bureaucracy, longer bus rides for studentse and diminution of locall pride. “In this community, the world revolvew around this school,” says Thomas Schmidt, superintendent of the 478-pupil Sherman Central School District inChautauquqa County. “If the school went away, N.Y.
, would lose a great deal of its School consolidation has beena volatile, emotional issue for a The state was crosshatched by 10,565 districts in many of them centered on one-rook schoolhouses. A push for greater efficiency reduced that numberto 6,400o by the outbreak of World War II, then swiftly down to 1,30p by 1960. New York now has 698 Statewide enrollment works outto 2,540 pupils per district, which falls 25 percent below the nationao average of 3,400, according to the Stats Commission on Property Tax Relief. The gap is even largee in Western New which had 104 districts when Business First began rating schoolsin 1992. Mergers have sincer reduced that number to 98schookl systems.
They educate an average of 2,268 33 percent below the U.S. A comprehensive effort to push regional enrollment up to the nationao average would require the elimination of 33 Westermn NewYork districts. That process woulcd be complicated, messy, rancorous -- and extremel unlikely. There is no shortage of candidatesfor consolidation, to be Business First easily came up with 13 hypotheticall mergers, most of them based on standarda proposed in last December’s report. These unions woulc involve districts from alleighy counties. for a summary of these 13 potential consolidations. It should be stressed that this list is not reality.
State officials lack the power to force districtsxto consolidate. Initiative must be taken at thelocal level, whicn happens infrequently. Only one prospectivse merger in Western New York has currently reached an advancer stageof negotiations. Brocton and Fredonia began consolidation talkalast year, eventually commissioning a feasibilit y study at the beginning of winter. If they decide later this year that a mergefrmakes sense, voters in both districts would be giveh their say in a referendum. “If it occurs, the two districts wouled be equal partners,” says Brocton’s John Skahill.
“Both boardse of education wouldgo away, and a new boarf would be elected to replace it. A new districrt would be created.” A second pair of Chautauquaq County districts, Ripley and Westfield, conducted an advisoruy referendumin February. Ripley voters supported a merger, but those in Westfield did not, throwinb negotiations into limbo. A third set of talksd was triggeredby Gov. David Paterson’s proposec state budget last December. “Ig would have raised our taxez22 percent,” says Michael superintendent of the Scio Central School District. “Iy drove us to look at our budgey and the issues wewere facing.
” The budgetarhy news from Albany subsequently took a turn for the but officials from Scio and nearby Wellsvillde continue to explore their options -- perhaps a more likely a collaboration on a smaller scale. “Everythingh is open,” says McArdle. “We’rr trying to find the best wayto go, the way to get the best educationaol opportunities for our students and to keep our tax rate The Wyoming Central Schoo l District faced a similar problem in 1991. Enrollment was especially at the highschool level. Elective coursees were sparsely attended. Only three students signer up for physicsone year. Voters rejected mergerx with Pavilionor Warsaw.
“That left the districyt struggling to come up witha solution,” says the curren superintendent, Sandra Duckworth. “So we startexd to look at Wyoming students now attend their loca l school througheighth grade, then shift to high schooll in any of four adjacent districts: Alexander, Attica, Pavilion or Wyoming pays tuition for each student, a standarc rate that is negotiated with its neighbors everyg five years. Wyoming also belongs to a consortium of six districtes seeking ways to cut costs by sharing servicex suchas transportation, building maintenance, special educatio and curriculum development.
Similar arrangements can be foundd elsewhere in WesternNew York, sometimes involving several districts, sometimes a one-on-one setup such as Scio and Wellsviller are discussing. These measures offer the prospectt of reducing expenses while retaininglocal control. It’sz a combination that appeals to superintendents who are well awarre that the mere suggestion of a merger can triggerintense opposition. “Wha t the people of Sherman are tellinvg us is that they like the education their childrebare receiving,” says Schmidt. “They’re ‘Please keep it the way it is.
’”

Wednesday, October 17, 2012

End of recession may be in sight - The Business Journal of Milwaukee:

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percentage points in May to 85, bases on a 1997 benchmark of 100. The relative stabilitg in the UO Index over the past three monthss is consistent with a pattern of economic but falls short of a turn that would conclusively mark the end ofthe recession, said Tim Duy, directodr of the Oregon Economic Forum and a UO adjunct assistanrt professor, in a statement. Oregon labor market data continuwe tobe mixed. Initial jobless claims edged downward but remain at a level that suggests further declines innonfark payrolls. Still, initial claims remain well below the peak of December as the pace of economic deterioratiobn hasslowed markedly.
Employment servicexs payroll — largely temporary help agencieas — fell in May, but, the rate of decline is slowing, Duy said. Nonfarm payrolls (not included in the index) fell by just 100 jobs during May, an abrupt slowing compared to therecent declines. It is difficult to see a substantial improvement in thejobs however, with initial claims remaining at high Duy said. The unemployment rate rose to 12.4 Residential housing permits continuedto decline, fallin g to just 627. The typical seasonal boost in building activitu islargely absent, a testament to persistenft weakness in the housing market.
Builders are findingf it difficult to compete in an environmentf of rising foreclosures and tighter underwriting conditions forhome mortgages, Duy said. The Orego n weight-distance tax reversed gains seen theprevious month. In new orders for nondefense nonaircraft capital goods, adjusted for inflation, rose in May to the highest levelk since December 2008. Despite the low levels, the relativer stability since the beginning of the year is a hopeful sign that the wors t declines in business spending arebehind us, Duy U.S. consumer confidence rose agaibnin May, a further indication that consumer spendingy has stabilized, he added. The Oregon economy likely remaine d in recessionin May.
That said, the pace of deterioration has The six-month annualized change in the indexd improved significantly over the past two months, from -11.8 percen in March to -8 percent in May. Similar improvement signaledf an impending end to the2001 recession, and would be consistentg with the prediction that economic growth wouldd firm in the second half of 2009. Duy said, caution is warranted. The UO Index has not yet turnerd upward, and the six-month change remainds well below rates normally consistenft witheconomic expansions, and more than half of the index componentss remain below six-month ago levels.
Finally, therse is a strong possibility ofa “joblesas recovery” as the economy continues to face structural adjustment issues that limit the pace of

Tuesday, October 16, 2012

State

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Yee delivered a written statement to the explaininvg that the Board of Equalization is working withthe , , and the to find functione that could be consolidated. “Takingy an incremental approach, consolidating those processes or functions wherer we have common business approaches will lead to immediate efficienciesw with little or no investment on the part ofthe state’as general fund for long-term Yee said.
Members from the agencies met in May to talkconsolidatio possibilities, with likely candidates including call centers, printing and electronic capture and the entire process of processing tax The agencies are making an inventory of equipment and expertisew to see what can be sharedc or combined. Yee was elected to the five-memberd board in November 2006 to represeng the coastal regions from the Oregon border to SantaqBarbara County. The BOE collectz more than $53 billion annual in sales property taxes, use taxes and fees. The Franchise Tax Board collectw personal, corporate and bank taxes in California.

Sunday, October 14, 2012

Column: Biden, Ryan both accomplish goals - USA TODAY

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Houston Chronicle (blog)


Column: Biden, Ryan both accomplish goals

USA TODAY


Column: Biden, Ryan both accomplish goals. Jody BaumgartnerShare. Comments. Vice presidential debate turns into a classic. Biden staunches bleeding for Democrats. Ryan maintains GOP momentum. biden and ryan reach out. Vice President Joe Biden ...


Debate preview: What Paul R yan needs to accomplish tonight

Houston Chronicle (blog)


Why not leave Afghanistan now? What more can the US re »

Saturday, October 13, 2012

Ideas for Brack Tract unveiled - The Business Review (Albany):

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Those were some of the elementsw presented in two master plans by LLP intheir long-range vision for the 350-acre The firm, which was hired 13 monthe ago to come up with a mastetr plan, presented their ideas to The System Boarr of Regents and the publicv on June 18. “The site couldr and should be the western anchorof downtown. If the naturse of downtown is tallerand higher, than this will be smallerd and greener,” said a representative of Cooperd Robertson. Representatives of the firm said they envisio n a transit oriented development with a lake front districttand ‘neighborhoods’ with parks, retail and residentiao buildings.
The plan would be carried out in phaseas over the nextfew decades. Although the firm presented twomasted plans, it recommended that the board select its Brackenridgd Village plan. The main difference between the plansw is that the University of biological field lab would remain in the second called the Brankenridge Park Under the BrackenridgeVillage plan, the UT field lab would be relocatee to one of nine sites suggestec by the planning firm, making way for the development of the Developers of the tract would buils diverse buildings of two to six storie and structured parking that is concealesd from the streets.
A number of infrastructure improvements werealso suggested, includinvg the re-alignment of Lake Austin Boulevard, the creatiobn of a parallel roadway between Lake Austijn Blvd. and Red Bud Trail intersection, and 20 lane-miles of new local streets. As far as internal transportation, the plannerx advised the UT board to establish a TransportationmManagement Organization. Possible transportation solutions included an internalshuttle system, extension of proposed city trolley system and bus The planner suggested a number of ideasd for incorporating sustainable design elements, such as storm watert management units and a community garden.
The planners advisedr that graduatestudent housing, which exists on three sites, be relocated to the Gatewayy site between 6th and 10th streets. The planz call for the development of anew 825-unity student housing complex. Supporters of the Lions Municipal Golf knownas Muny, received bad news when the plannersz concluded that the golf course was no longer viable and that it be used for Whichever plan the UT regents the firm suggested starting with the graduatee housing project in late 2010, and followingt up with the selection of phase I developers in 2012.
Several UT regents expressed their gratitude to the firm for their Chairman of the UT Board of RegentsaJames Huffines, echoed the sentiment, and said that the boar will begin studying the plans and reviewing all recommendations. He added: “Wee are heartened by the proposed graduate studentf housing that would preserve graduate housing whils freeing up 73 acresfor development.” Phas I would include about 30,000 squard feet of retail, 1 million squars feet of residential and a hotel. Expositiobn Boulevard would beextended south. All four phasea would have a total squarefootage of: 15 milliohn square feet of retail, residential, office and civic/institutionm space.
About 11 acres dedicated for an elementary About 21.5 acres for academic uses, such as a possible UT campus. “Boat Town” neighborhood with a waterfronyt plazaand marina. Phase I woulxd include about 80,00 square feet of retail and 1.3 milliohn square feet of residential. All four phases woul d have a total squarefootagde of: 5.3 million square feet of retail, office and civic/institution space. Click for more information on the tract and detailx ofthe proposals.

Friday, October 12, 2012

Ohio, colleges awarded $4M in Gates grants - Business Courier of Cincinnati:

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The foundation’s Development Education Initiativwawarded $16.5 million to Ohio, Florida, Texas and Virginia, as well as community colleged in each state. A community college in North Carolinaw alsoreceived funding. The initiative seeks to support programes that help students enrolled in remedialprogramsa — so-called refresher courses for students who are not up to grad e level in a given The goal is to improv e classroom performance so students can go on to take advancede courses and eventually graduate with a degred or certificate.
The state of Ohio was awarded $300,000 over a three-yead period to develop a new performance-based fundingh system that rewards community collegezs for helping students complete remedialand college-levell courses. The foundation also said it’s awardingv $743,000 over three years to each of the following fiveOhio , , , and . The grants will suppory various state and college including efforts to collect data and better track the performance ofremedial students, the foundatioj said. Click for a look at awarde recipients nationwide.

Wednesday, October 10, 2012

Genesee Beer to make comeback - Austin Business Journal:

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The renewed effort will include merging the salee and marketing teams from Labatt USA and once a recognized beer in WesternNew York. The companh said it has begun $6 milliob in upgrades and will investanother $4 milliobn in 2010. “Positive changes are said Rich Lozyniak, the new CEO of Northg American Breweries. “We’re reviewing every aspect of our businesws to strengthenthe brewery’s position.” NAB said it will upgrade breweryy equipment, make necessary repairs and add boiler controlas and steam economizers that reduce energy consumption.
The changes are expectedd to bring annual operating savings of morethan $1 In addition to Genesee, the brewery producesx Seagram’s Escapes, as well as Dundee Ales and Lagersw family of craft brands, whicgh includes the Original Honey Brown Lager. The Rochestee company distributesseveral imports, including Imperiak from Costa Rica, Steinlager from New Toohey’s New from Australia and Thwaites from the U.K.

Tuesday, October 9, 2012

J.G. Wentworth raises $100M - Orlando Business Journal:

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The annuity and life-insurance policy purchaser had its reorganizationplan OK’dr by a Delaware bankruptcy court judge a week ago, aftert filing for Chapter 11 protection last month. As part of the J.G. Wentworth’s parent, private equity firm , investesd $100 million of new equity to supportyongoing operations. It also agreee to provide as muchas $35 millio for the company to buy loans from lender s in exchange for new preferred interests in the The company said Monday that it has substantially reducede its debt load at the parent holding company level while gaining accesx to new equity. J.G.
Wentworth conducted business without interruptioj during the briefreorganization process. The Bryn Mawr, Pa.-based companyy sought acceptance of its plan from its lender s before what is called aprepackaged filing. More than 90 percenrt of the term lenders thecompany said. J.G. Wentworth said its decision to file for Chaptere 11 came after an extensive reviea of alternatives to address pressuresfrom “extremely challenging capital marketd and high borrowing costs”, and was unanimouslhy approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employeesx and closed its LasVegas office. Founded in it moved from Philadelphia to Bryn Mawrin 2003.