Sunday, October 10, 2010
Sources: NCR could relocate HQ to Georgia - Philadelphia Business Journal:
Ohio government officials said word began swirling May 28 thatNCR NCR) is , according to the Daytoh Business Journal , a sister publicationb of Atlanta Business Chronicle . Last NCR said it would move its Worldwide Customere Services headquarters tometro Atlanta, investing $15 milliohn and creating more than 900 jobs in Peachtree City and While it remains to be seen if Atlanta gets anothere Fortune 500 headquarters, NCR is rumored to be opening an additiona facility in the Peach State, Atlanta Busineszs Chronicle has learned. An announcement aboug that venture is expected as earlg asnext week, sources in Atlantza and Dayton said.
NCR is believed to have looked at sitezin Savannah, and Columbus, Ga., accordinh to a source. The global technology company coul be eyeingabout 100,000 square feet of offic e space. Based on the square footage estimates, real estatr sources said, the operation could house 300 to 400 Company officials and Georgisa economic development officialsremained tight-lipped on any potential development. NCR global spokesman Richard Maton told the Dayton Business Journal the company does not responsd to rumors and Inthe past, NCR has been quick to deny rumorx of its relocation and affirm its commitment to remaining in Dayton.
A Georgia Department of Economic Developmenft spokeswoman did not return calls Friday and A spokeswoman said she had no informatioh on the matter and a executiv edeclined comment. In October, NCR said it will co-locate an NCR Learninfg Center and its Customer Care Center hub for the Americas region withthe company’s existing Global Service Material s operation in Peachtree NCR, founded in Dayton, is the city's largest company, with 20,000 global employeex and $5.3 billion in annual The company relocated its executive offices to New York City two yearas ago and leased a floore at 7 World Trade Center building.
This past the company told employeesx it is undergoing a structural reorganization and woulcd cut an unknown amount of itsglobak workforce. That same month, the companu removed the language "world from the sign at its Daytonj campus. Rumors have long circulated that NCRwoulds move, however Ohio government and economic developmentf officials said speculation reachex a new level in the past few The Ohio Department of Development has repeatedlt sought information from the but as of Friday eveninh NCR remained mute, a state official told the Dayto Business Journal . Ohio Gov.
Ted Stricklane and NCR CEO Bill Nuti, attempteed to talk on Friday, however they were unabler to coordinatea time.
Saturday, October 9, 2010
Martek Biosciences Corp. 2Q profit rises 20 percent - Boston Business Journal:
The company reported $92.4 million in revenu e for the quarter endingAprio 30, up 2 percent from the same period last year. It earned $11 million in net or 33 cents perdiluted share, during the secon d quarter, compared with $9.2 million, or 28 centw per diluted share, during the seconc quarter of last year. Analysts polled by expected the company to earn 29 cents per shareand $89 milliobn in revenue. Martek (NASDAQ: MATK) sellzs nutritional oils derived from algae that are used ininfanr formula, dietary supplements and food producte such as yogurt and juice. Sales of its nutritionall supplements to the nursing market rose to arecord $9.
8 But the company warned that its infanrt formula sales in the third and fourthy quarters could drop as retailers trim thei r inventories of the product. The company anticipatexs that infant formula revenue will grow in fiscal 2010 as a result of stronf demand for infant formula products containinh its nutritional oils DHAand ARA. The Omega-3 fatty acids are believed to play an important role in brain and eye study that could showthat Martek’as DHA can slow the progression of Alzheimer’w disease.
Thursday, October 7, 2010
Trading Higher on Heavy Volume are Shares of Cardtronics on 1.4x Above-Average ... - Comtex Smartrend
Trading Higher on Heavy Volume are Shares of Cardtronics on 1.4x Above-Average ... Comtex Smartrend Shares of Cardtronics (NASDAQ:CATM) are trading up 1% to $15.50 today on above average volume. Approximately 377000 shares have traded hands ... SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of ... |
Wednesday, October 6, 2010
Nepal fails to elect new PM despite 10 attempts - Hindustan Times
India Talkies | Nepal fails to elect new PM despite 10 attempts Hindustan Times Nepal has been without an effective government for 98 days now. And it seems it will continue that way for some more time. Needing support of 300 lawmakers ... Nepal's 10th vote for premier founders on party disagreements Big three meeting ahead of tenth PM voting inconclusive; talks for 'package ... NC's Poudel facing Nepal PM election today, Hosts tea party at his 5 Star House |
Monday, October 4, 2010
Governor lobbies for increased incentives for film industry - Wichita Business Journal:
Kulongoski is seeking support for SenatreBill 621, which woulsd reauthorize and increase the financial incentives for moviemakers. The plan is cappedf at $10 million per biennium. Kulongosku wants to raise the capto $15 million. A Senate committede passed thebill Monday. In the firs t six months of 2009, television and movid productions invested morethan $40 million in Oregon, accordingf to the governor’s office. That’s the highestf total in 15 years. In recent weeks, a Harrisonm Ford movie called “Ths Untitled Crowley Project” and the TNT seriese “Leverage” have been shooting in Portland.
Producers for "Thr Untitled Crowley Project" joined Kulongoski at Monday's presse conference at . “Oregon has becoms an A-list location for the film and television industry and an important critical pieceof Oregon’z economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industru is another, generating an additional $1.1 milliojn in income for Oregon workers and locap businesses for every $1 million spent by a The governor credited the incentive program, created in with spurring the growth of the state's film program from a $2.1 milliomn industry to an $8 million industry.
Sunday, October 3, 2010
UDR offers apartment-search application for iPhone - Washington Business Journal:
The Highlands Ranch-based apartment owner's locator app allowz users to search apartmentsby location, and number of bedrooms and It offers photos, amenities lists and floor plans of listed apartments, and pricex are updated daily. The app "knows" where the user is locate through GPS technology and can offer maps and directions toselectes apartments. Users can save the apartments they choosee in afavorites folder, and even place a hold on an apartment until the user can visit. UDR said the applicatiojn currently offers apartmentsin California, Florida, Maryland, Oregon, Tennessee, Virginia and Washington state as well as D.C.
The app is availablew through Apple's online iStore or for free downloadrby . The new iPhonr service "fits perfectly into UDR's mobile strategy to attract and retai n apartment renters who are becoming more reliant on a mobile devicde and less reliant on theirpersonalk computers," said Steve UDR's VP of sales and in a statement. "Not only are we attractiny apartment prospects within theUnited States, but from around the worls now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatibled websites, at and respectively.
UDR is an apartment-investment trust that owns about 45,0090 apartment units and had another 2,000 underr development as of March 31.
Friday, October 1, 2010
Apartment provider Corporate Accommodations Inc. brings buying furniture in-house - Pittsburgh Business Times:
A 20-year-old company that provides short-term apartmentd to area guests on corporate temporary Corporate Accommodations was facingtwo problems: rising cost in renting furniture and the obstacle of not beiny able to clean and prepare its apartments’ furniturd on weekends, when units often turn over. “We’re very qualituy conscious. We never want somebody to move in to a carpetthat isn’tt professionally cleaned or furniture that might have a stain or a said Bates, president and CEO of the “We just knew that it would be bettert for the customer and thus better for us if they could move in on the So in 2006, the company embarked on a progra m to buy all its own furniture and outfiy all its units with them.
While any job that requirex moving furniture takes both muscl eand planning, consider the scale of what Corporate Accommodations faced: On average, the companuy leases 150 apartments each year, in 12 locations throughout the city, all of whichy are leased by guests stayingh for varying and changing lengths of Then consider the size of the which employs 23 people and last year achievex revenue of $5.4 million. Yet in a time in whicnh outsourcing as many business functionds as possible is standard operating procedure for so many Bates saw good reason to integrate furnitur e intoits operations.
Guestse would have the best possible experience; Corporate Accommodations woulde have better control over itsown operations, and the company woulxd be able to pick up new clients. Batesw and his staff estimate today that they are able to get 30 customerw a year on the weekend that the compan would havepreviously lost. “The more chances that we can say yes, then the betterf off our customers are goingto be, and the bettef off we’re going to be,” he None of which made the taskes involved any easier. First, the compant needed a warehouse, so it boughtt an 8,000-square-foot structure near its offices. it needed furniture.
For beds, Corporate Accommodations hired a local company to build frames and But perhaps the biggesf task was toinvest $700,000 to buy box mattresses, sofas, love seats, deskas and other accessories, which the company imported from That equaled 18 shipping containers that then needed to be truckes across the country and delivered to Finally, it needed trained staff. Corporate Accommodations startedf a new division and sent employees to classeeson carpet-cleaning and furniture repair.
Considering the size of the warehouse and the gradual coming and going ofthe company’s the delivery of the furniture needed to be staggered over Lou Oliva, an industrial real estat e broker with Downtown-based Grubb Ellis Co., said understanding the logistics for such shipments can be challenginhg for the biggest companies, which typicallh hire third-party logistics firms to handle such “Small companies can be very organized, understand the process and do a good job with he said. The company integrated the new furniture into its apartment s starting inJanuary 2006, a seasonak low ebb for its rentals, and completed the switcy during an approximately nine-month span.
While Bates said the compan y planned the big changewith Murphy’s Law in mind, the transitionm went smoothly. Customer surveys are generatinh volunteered responses praising theleather furniture. Sometimez they even offer to buy it. Batese said Corporate Accommodations now operates withgreater cost-certaintyg and is less vulnerable to practicesw of other companies. “It makew us feel like a bigge company because we createxd a wholenew division, we have more control, and we don’t have to function under someone else’zs policies, procedures and hours,” he said. “It made us more independent.
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