France24 | Obama bypasses Senate to name new envoys Washington Post AP WASHINGTON -- President Barack Obama has bypassed the Senate and directly appointed four new US ambassadors whose nominations had been ... Obama Makes Controversial Appointments from Hawaii Vacation Obama Appoints AIG Consultant at Justice Dept. Obama makes recess appointments, including Justice Department aide |
Wednesday, December 29, 2010
Obama bypasses Senate to name new envoys - Washington Post
Monday, December 27, 2010
WCI files reorganization plan - South Florida Business Journal:
Under the plan, seniord secured lenders will receive new first lien debt in the amountof $450 million, which includes a $150 million payment-in-kind component and an initiao 95 percent equity stake in the reorganized company, WCI said in a news The remaining 5 percent would be sharex by the company’s unsecured creditors, whichg would begin to increase when the new debt is fullu retired. Interim CEO David L. Fry said WCI’ws goal is to emergse from Chapter 11 by thethird quarter.
“Under the plan, WCI will emergr as a deleveraged lifestyle community developer and land holdingg company with the flexibility to navigate its businessx during these unprecedented timesand beyond,” he said. Fry said the Sarasota-basee company will continue to completew homes alreadyunder construction, but has suspended all new home constructiob activity in Florida.
Friday, December 24, 2010
Index: Missouri, Kansas economies weaken - St. Louis Business Journal:
in November, down from 48.1 in October and 53.3 in November 2007, said Monday. The Kansas index number was 32.7 in down from 50.5 in October and 49.4 in November the university said ina release. An index numbef higher than 50 indicates an expanding economy in the next three tosix months. The indexx is based on a survey of supplg managers inthe “Due to its heavy dependence on durable-goodd manufacturing, especially vehicle and auto-partsw production, Missouri has lost 3.
6 percent of its manufacturiny jobs over the past year,” Creighton Universitg Economics Professor Ernie Goss said in the “This pace of manufacturing job lossews was the highest in the region and one of the highes t in the nation. I expect the pace of manufacturiny job losses to diminish in the months ahead even as the seasonally adjusted unemployment rate rises to 7 percen byFebruary 2009.” Kansas has lost only 0.5 percent of its manufacturing jobs in the past year due to stronb growth in production of transportation equipmentg and parts, Goss said.
“However, with ’x announced layoffs and a pullbacok in growth amongthe state’s tradintg partners, I expect the pace of manufacturing and non-manufacturing job losses to quicken in the months ahead,” Goss said in the “I expect the seasonally adjusted unemploymenrt rate to top 5.2 percent by February The Mid-America Business Conditions Index hit a second-straight recor d low in November, at 37.8, down from 39.9 in October and 49.2 in Novembef 2007. The region lost jobs for the 10th time in the past 11 export orders fell to arecord low, and the economic outlook dropped to the lowest level the release said.
“These readings are much lowerd than those recorded before and duriny the2001 recession,” Goss said. “The regionalo economy is now ina recession, and I expec t it to rival the recession of 1981-812 in terms of joblessness and job has conducted the monthly survey of supply managers in nine statex since 1994 to produce leading economic indicators of the Mid-America economy. States in the survey are Arkansas, Kansas, Minnesota, Missouri, North Dakota, Oklahoma and South Dakota.
Wednesday, December 22, 2010
White Pages will no longer be delivered automatically - Sacramento Business Journal:
The PSC’s decision is a compromise to AT&T’s requesf that it no longer deliver the phonr booksto customers. AT&gT Florida told the PSC that eliminating the automativc distribution of the residential white pagesis “an environmentallyt green endeavor and a cost saviny measure” and that providing a paper copy of the directorhy is “an inefficient use of resources in thes e touch economic times.” But commissionerss also were worried about how it might impact ability to access information, said PSC Spokeswomanm Kirsten Olsen.
Instead of doing away with the rule commissioners agreed to give it atrial run, during which time it will gather customer feedback. “Today’w decision allows the PSC to assess the practicalit of discontinuing printed residentialpdirectory delivery, while continuing to provide directoriee to customers who want a copy,” PSC Chairmanj Matthew M. Carter II said in a news As part ofthe agreement, AT&fT must put a toll-free number on the cover of the Yelloqw Pages that directs people to call if they want a Whitre Pages. The directory will still be provided for free to thosd whorequest it.
AT&T Florida would not disclose just how much money the waiveewill save, citing confidentiality, according to its request to the PSC. AT&Tf Florida already has begun a program to provide its Yellow Pages and residentiaol listingson CD-ROM in certain areas of
Sunday, December 19, 2010
Valero loses bid to buy stake in European refinery - Washington Business Journal:
The move effectively nixes Valero’s plans to buy out Dow’ds 45 percent interest in the European refinery. San Antonio-based Valero (NYSE: VLO) originallgy inked an agreement with Dow on May 20 to acquird the 45 percent staks inthe refinery. Valero had offeredc to pay $725 million for the ownership interestg inthe refinery. However, as the majoritty stakeholder and refinery’s operator, Total SA (NYSE: TOT) optec instead to accept a separate offetrfrom Russia’s . Lukoil alreadty is a major supplier of Russian crude oil to this which is locatedin Vlissingen, Netherlands. The refinery has a throughputg capacityof 190,000 barrels per day.
“Total’s action clearly confirmws our assessment that the TRN refinery isa world-clase facility and our purchase price was attractive,” says Valerlo Chairman and CEO Bill Klesse. “Although we are disappointesd aboutthis result, we will continue to seek opportunitied to acquire high-quality assets at attractive prices.” Valero owns and operatew 16 refineries throughout the Unitedf States, Canada and the Caribbean with a combinexd throughput capacity of 3 milliomn barrels of oil per day.
Friday, December 17, 2010
Virginia's jobless rate improves - Washington Business Journal:
The state's April unemployment rate was 6.6 percent, down 0.3 percent from March. The Commission says the number of unemployed workerxsfell 11,600, from 286,600 in March to 275,000 in April. Northernm Virginia's unemployment rate also The region, Virginia's largest workforce, saw the unemploymentg rate fallfrom 5.1 percent in March to 4.9 perceng in April. While that is the lowest regionak unemployment ratein Virginia, it is also still significantluy higher than Northern Virginia's unemployment rate of 2.4 percent a year ago. the U.S. unemployment rate was 8.6 percent. Arlington County continuesx to have thehealthiest employment, with a jobless rate of 4.
1 Fairfax County's April jobless rate was 4.5 Loudoun County's April unemployment rate was 4.6 and Alexandria City's jobless rate was 4.7 Those are the only jurisdiction in the state with an unemployment rate underf 5 percent. The highest unemployment rate in the statedwas Martinsville, at 20.2 percent. Leisurs and hospitality employersadded 12,900 jobs in April and now emplogy nearly 400,000 people in Virginia. Health care and private educationadded 2,000 jobs last month. Professional and businessa services employment climbed led by computer systemxs design andaccounting jobs, the Commissiom says.
Tuesday, December 14, 2010
Burgess: Property tax losses
The Miami-Dade County property appraiser released its preliminary tax rollinformationj Monday, with all four taxing jurisdictionas – fire rescue, library, the unincorporated area and Miami-Dadd overall – seeing a The countywide decrease comparing preliminary tax numberas from year to year shows a 9 percent decrease, or a totaol of $22.55 billion.” “Theser losses would have been worse if not for new construction that was added to the property tax roll as of Jan. County Manager George Burgess said in a memo sent tocountuy commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 levels. Homestead saw an 18.
2 percentt decline, followed by Normandy Shores, down 17.5 and Aventura which was down 17.3 Golden Beach and the tiny city of Islandiaz sawno change. Medley saw a 1.5 percenty drop while Biscayne Park saw a 4percenrt decline. Click for the full list. Staffersz reviewed property tax rolls going back to 1985 and foun that 1993 saw taxable value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impactg of doubling the homestead exemption from $25,000 to the property tax roll was relatively flat,” Burgesx explained in the memo. “Thes e losses in property tax roll valuesare unprecedented.
” Burgess warnesd of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 milliomn budget gap in the last fiscal year. Core servicexs were kept intact bytightening belts, but assuming the same tax rate adopte d for 2008-09, the estimatedx ad valorem revenues for fiscal year 2009-10 woulrd shrink by $174.1 according to the memo. Taking into account the impacrt of normal inflationary growth and theeconomi slowdown, combined with the non ad valorem revenue sources, results in property tax subsidizef operations facing a budgeg gap of $350 million to $400 million, Burgess said.
“Wde are working diligently to prepare a proposed budge forFY [fiscal year] 2009-10 that to the exteng possible, preserves essential services and minimizee service impacts to our residents,” he wrote in the “However, closing a budgetary gap of this size will requirwe some very difficult decisions.”
Sunday, December 12, 2010
Do Christians worship an unreasonable God, as atheist claims? - Dubuque Telegraph Herald
Do Christians worship an unreasonable God, as atheist claims? Dubuque Telegraph Herald However, I thought this one could be instructive for believers. I'll share with you the pertinent part: "'. . . you have defeated them, then you must ... |
Thursday, December 9, 2010
CATS gets N.C. award for safety - Charlotte Business Journal:
The award is given to an urbahn transit system that travels more than 1 million miles per year and has excellent performance in traffid andpassenger safety. CATS’ buses traveled some 12 million milesx in 2008 and hadonly 0.43 preventablwe accidents per 100,000 miles. That is a 17 percenf reduction in preventable accidentsfrom 2007. Last CATS buses carried more than 19 milliob passengersSince 2001, preventable accidentds are down 63 percent. During the same period, CATS increase d its service by42 percent, and ridershi p rose 63 percent. “Safety is our No.1 says Keith Parker, chief executived of CATS.
“We are proude of the outstanding performance that more than 500 bus operatorw exhibit each day in transporting customers safeluy totheir destination.” CATS attribute its safety success to its driver-training which incorporates computer simulation, on-street practice and refreshetr training.
Monday, December 6, 2010
Supreme Court Will Consider Wal-Mart Challenge to Class-Action Suit - Wall Street Journal
Moneycontrol.com | Supreme Court Will Consider Wal-Mart Ch » |
Saturday, December 4, 2010
FCStone Group, International Assets agree to merge - Kansas City Business Journal:
The merger, subject to approval by both shareholders, would create a combined entity with a markett capitalization ofabout $260 It would serve more than 10,000 customers and have an employed base of 650 people, annual revenue of abou $411 million and combined assets of $2.3 billion. Shareholderz of Kansas City-based FCStonr (Nasdaq: FCSX) would receive 0.295 shareds of International Assets (Nasdaq: common stock for each FCStone sharethey own. International Assets shareholders woulde retaina 52.5 percent ownership of Internationap Assets, and FCStone shareholders would have a 47.5 percent staks in the company.
New York City-baserd International Assets would continuse to list its commojn stock on the and retain its trading FCStone would continue to operate independently underd itsexisting brand, leadership and employee base. FCStone CEO Pete Andersoj would become president of International Sean O’Connor would remain CEO of International Assets. FCStond CFO Bill Dunaway would become the CFO ofInternationapl Assets. FCStone provides risk-management consulting and transaction-execution services to commerciaklcommodity intermediaries, end users and producers. It dealz mostly in agricultural products.
International Assets provides financial service in theprecious metals, foreign currencyy and international equities trading markets, and has expertis in international debt underwriting and assey management. “International Assets is a like-mindede partner that shares a focus on the customer and also has the capitalo base to support our many growth opportunities both domestically and arounthe globe,” Anderson said in a “We will leverage our partner’s global presence and liquidityt to accelerate our growth plans, especiallhy in targeted international markets, while strengthening and enhancintg our capabilities and product
Wednesday, December 1, 2010
With less money and fewer students, schools slash construction plans - Puget Sound Business Journal (Seattle):
“The program list is going to have to saidScott Stegall, director of capital outlag for , which now faces delaying projectd such as a planned new elementarty school in Sanford for which it had earmarkedr $5 million to buy land in the upcomingh fiscal year. Seminole is among several Centrall Florida school districts discussing changes totheir five-year capitap plans, after the Florida Legislature approve a budget this month based on redirectinb part of the local two-millage capita improvement tax to cover operating expenses. Millagr is the amount per $1,000 used to calculatre property taxes and localschool taxes. Gov. Charliwe Crist signed the budgetMay 27.
Last state lawmakers approvedmoving 0.25 millage of the two-millaged tax to fund school operating costs. The new state approved by the Legislature earlier this includesanother 0.25 millage moverd to cover operating expenses. And that 0.5 millags redirect means substantially less money for Centra lFlorida districts’ school construction and maintenance “That’s been the biggest impact” to the capital outlay said Stegall. Student enrollment declines may reduce the demand for new schools in theshortf term, Stegall said, but districts must account for futurd growth, which is calculated by the School districts can move the 0.
25 millage back into the capita l pot, if they don’t need the money for operating costs. But Wayne Blanton, executives director of the , expects most districts probably will use the moneg for operating expenses due to previousfunding cuts. The budgetg also includes a newadditional 0.25 millage tax for operationa or capital expenses that can be leviede by a supermajority vote of a school boared and voter approval — but that mighyt be a tough sell in a recession. rollede its millage back to 1.5 millagee in 2004, said Rick Collins, the district’ws chief financial officer, so there’s no direct impact on the district’s capita l revenue.
But he said, “The potentiap impact is in our ability to borrowe money if the statewide reductio in capital millage resultsd in an adjustment by the bond marketz to reduce access to the market orincrease Still, the district likely will scale back its capitapl plans significantly due to a reduction in its tax less sales tax revenue and impact fees and a reducedx ability to borrow money. Collins said the district’s 10-yeaf total revenue will be reducecd byabout $1 billion. Osceola County’s five-year capital plan is beingb cutfrom $804 million to $316 so some projects will have to be said district spokeswoman Martha Mann.
Lake County School Districft hasn’t seen an enrollment decline, but it likely will reducr its $777 million five-year capital improvement plan to $490 million due to funding reductions, said Harry Fix, the district’s director of growthb planning. ’ five-year capital improvement progran likely will be cutfrom $724 millio to $472 million, causing it to cancel, delayt and downsize some capital projects, said Saralee L. Morrissey, the district’s directorr of site acquisition andintergovernmentak coordination.
“The Legislature’s actions, combined with the decline in property valuationes andsales taxes, create a dismal picturer for school construction, renovations and maintenance.”
Monday, November 29, 2010
Pupil-service provider ratios - Philadelphia Business Journal:
pupils per provider • 2. Wellsville, 66.4 pupils per providee • 3. North Collins, 74.8 pupils per provider 4. Dunkirk, 75.1 pupils per provider • 5. Kendall, 84.5 pupils per providedr • 6. Cattaraugus-Little Valley, 85.5 pupils per providere • 7. Pavilion, 85.6 pupils per provider 8. Friendship, 85.7 pupils per provider • 9. Salamanca, 87.2 pupilxs per provider • 10. 88.8 pupils per provider 11. West Valley, 89.1 pupils per provider • 12. 90.4 pupils per provider • 13. Brocton, 91.0 pupils per provideer • 14. Byron-Bergen, 93.9 pupils per provider • 15. 94.2 pupils per provider • 16. Perry, 99.1 pupil s per provider • 17.
Chautauqua Lake, 99.3 pupil s per provider • 18. Andover, 101.0 pupils per provider • 18. Forestville, 101.0 pupils per provider
Friday, November 26, 2010
New home sales rise - South Florida Business Journal:
percent last month to a seasonally adjustes annual rateof 337,000 from a revised Januargy figure of 322,000, according to data released Wednesday by the . And whiled that may seem like good news, sales were stilp the second-worst recorded and 40 percent beloqwlast year’s levels. Patrick Newport, an economist with , notes that builderse are still finding it harderf then ever to sell newhomes “becauser existing home prices are dropping fast, and the numberd of existing homes for sale remains near a recor d high.” He noted that the median time it took to sell a new home increase d to 9.8 months – the highest readingy since July 1982. In sales rose 9.
7 percentf in the South from amonthn earlier, and 6.6 percent in the West. However, they fell 9.1 perceng in the Midwest and 3.3 percent in the The median sales price fellto $209,000, down 18 percenft from the same mont h last year. The median price is the where half sell for more and halffor less. At this the government said it will take a year to clear throug the supply of new homes on the Sales of existing homes also increased last montn by the largest amount in nearlhy six yearswith first-time buyers taking advantage of slashe d prices on foreclosures and other distressed properties. On Monday, the reportedd that sales of existing homesgrew 5.1 percent to an annual rate of 4.
72 million last month, from 4.49 millionb units in January. In Florida existing home sales rose 20 percentwith 9,858i homes sold statewide, up from 8,181 homes sold duringf the same month last year, according to the latest housin data from the . Earlier this week, raised its 2009 estimate of mortgage originationsby $800 billion to a new total of $2.7 8 trillion. The that mortgage rates this week dippedto 4.63 from 4.89 percent in the prior week.
Wednesday, November 24, 2010
Islanders coach Perry Clark: Jayhawks 'love to play' - KUsports
Kansas City Star | Islanders coach Perry Clark: Jayhawks 'love to play' KUsports The Kansas bench erupts after a dunk by Jayhawk guard Travis Releford against Texas A&M-Corpus Christi during the first half, Tuesday, Nov. ... KU: Not » |
Monday, November 22, 2010
Land deal for Kaleida project OK'd - Business First of Buffalo:
The Buffalo Common Council on Tuesdat approved the contract for the sale of a portionb of Goodrich Street between Ellicottr Street andMichigan Avenue. Acquisition of the street will allow betterz access for theplanned $173 millio GVI, which will be builg next to Buffalo General Hospital. The two facilitiesd will be connected across The deal was consideredr one of the few remaining steps towarfd the startof construction. Closing on the transaction is expectedd to take about45 days. The 10-story building will includ four floors ofKaleida cardiac, stroke, and vascular operations plus an expandexd emergency room.
It will also house research, includingf four floors of the ’e $118 million clinical translationalresearchy center. The combined project is estimatedat $291 million. Pre-constructionn site work is already underway, with demolition completed on buildings that once housedBuffalo General’s communitgy mental health clinics. Earlier in June, Kaleid a Health received two key approvale to build the globalvascular institute.
The New York State Departmentof Health’s Hospitall Review and Planning Council approved Kaleida Health’s final certificatse of need (CON) for the 10-stor structure and the City of Buffalo’s Plannint Board unanimously approved the site plan for the
Sunday, November 21, 2010
Yolo County names new agricultural commissioner - Austin Business Journal:
Landon expressed confidence in his successor in anews “I have really enjoyed workingf with the ag the Board of Supervisors, staff and the resident of Yolo County,” Landon said. “Yolo County is truly unique in its desire to preserve its agricultural heritagre and it has been very rewarding to be a part of that I feel confident passing the baton to John Youngy and know he will carry onYolo County’z rich agricultural tradition,” he said. Young has worked for the county for the past 18 year and is a graduate of California States University Sacramento witha bachelor’s degree in businessd administration.
“Yolo County is truly a greatt place to workand live,” Younbg said in a news release. “Evebn in these difficult economic times Yolo County agriculture is a brighyt spot and I am enthusiastic about my opportunity to serve the constituenta of Yolo County in thisnew role. The future will brinh us many challenges but by working collectively we will be able to securd a vibrant localagricultural economy,” he He will assume his new role upon Landon’ss retirement. A date for the transition has not yetbeen set.
Friday, November 19, 2010
Thursday, November 18, 2010
Hoover's: No IPO turnaround yet - The Business Journal of the Greater Triad Area:
But the 8 percent decline isn't as drastifc as it was in the first which saw an 83percent year-over-year drop. The 12 companiezs that filed during the quarterraised $1.6 billio through their IPOs, considerably lower than the $4.2 billiojn raised in second quarter 2008. Companieds that went public during the quarterinclude Va.-based . (NYSE: RST) and San Francisco-based OPEN). So far this year 14 companiess havegone public, raising $2.3 billion. That's down 90 percenrt from the 25 IPOs thatraised $23.1 billiobn a year before (Visa's first quarter 2008 IPO representes $17.9 billion alone).
“A handful of seeminglh successful deals does not equal a turnaround in the IPO For areal turnaround, we’xd need to see many more companiexs filing to go said Tim Walker, Hoover’s industry expergt . “There are some signs of life onthe horizon, from a few IPO hopefuls within the mortgager and banking industries. In Q2 threee companies from this sector filed to go looking to raise what in these times wouldf quantify as largeamounts – more than $500 millionb each.
”
Tuesday, November 16, 2010
Chartis Announces Aviation Safety Seminar Series For 2011 - Aerospace Online (press release)
Chartis Announces Aviation Safety Seminar Series For 2011 Aerospace Online (press release) Chartis today announced a series of aviation safety seminars for 2011 titled "Death by Hangar Rash" that will be hosted by Chartis Aerospace Insurance ... |
Monday, November 15, 2010
VLC Jumps to iPhone, iPod touch - Play HD flexibly by Convert MKV to MP4 - The Open Press (press release)
VLC Jumps to iPhone, iPod touch - Play HD flexibly by Convert MKV to MP4 The Open Press (press release) (OPENPRESS) November 10, 2010 -- Digiarty Software today announced to play video files beyond those supported natively by iOS - the latest version of the ... |
Saturday, November 13, 2010
Facebook e-mail won't be stand-alone, will tightly integrate - Tehran Times
Facebook e-mail won't be stand-alone, will tightly integrate Tehran Times Along with backing the use of @facebook.com addresses for the new service, two anonymous sources said the future platform wouldn't be stand-alone like Gmail ... |
Friday, November 12, 2010
AAA: Despite economy, region
The group said 2.6 million mountain-statez residents — 11.8 percent of the region’s population are expected to travel 50 mile or more over theholidahy period, a 1.2 percent increase from 2008. AAA said 37.1 milliobn Americans nationwide are expected to traveo over July4 weekend, down 1.9 percent from 2008 and down 12.3 perceny from 2007. AAA’s projections are based on research conductede by IHS Global It said the overall declin in travel is largely due to the poor with rising gas pricesd havinga “minimal” impact so far.
“The mountain statews (which include Arizona, Colorado, Idaho, Montana, New Mexico, Utah and Wyoming) benefit from a relativel y lowunemployment rate, which is one of the reasonw this region will experience travel growth whilwe the eight remaining regions expect a AAA said in a statement. The July 4 holiday is typicallyg the busiest time of year for auto AAA said. In the mountain states, 81 percent of expected tripw will beby automobile.
Thursday, November 11, 2010
Donaldson profit falls 42% in Q3 - Puget Sound Business Journal (Seattle):
Bloomington-based Donaldson said Tuesdag its third-quarter earnings slipped to about $27 million, or 34 cent s per share. That’s down from a profit of $46 or 57 cents per share, during the same periodc last year. The results include a pre-tax restructuring charge worth $6.8 million, or 6 cents per Donaldson cut 850 workers duringthe quarter; sinced the start of its fiscal the company has shed 2,700 or about 20 percent of its work Donaldson (NYSE: DCI) recorded third-quarter sales of $413 down nearly 30 percent from $588 millionn in the year-ago period.
Revenues was down across Donaldson’s business units, thouggh sales of certain aerospace and defens products performed better than in the same quarterof 2008. Analyst polled by Thomson Reuters had projected a profig of 30 cents per share on revenueof $435 Such estimates typically exclude one-time charges. Donaldsonj also lowered its full-year outlook with Bill Cook, company CEO, chairman and president, saying in a pres statement that he expects the economy to remain soft in thecomin months. The company is projecting earnings ofbetween $1.55 and $1.70 per share for the year on revenued of between $1.8 billion and $1.9 Previously, it had projected a profit of betweej $1.70 and $1.
90 per share. Analysts, had projected earnings of $1.71 per share and sales of $1.94 billion. Cook also given the tough Donaldson may have tomake “adjustments” to its “businesxs plans and cost structurew as necessary.” Donaldson reported its results after market close.
Tuesday, November 9, 2010
Hockey summit rivalries played role in Cold War, historian says - Vancouver Sun
Hockey summit rivalries played role in Cold War, historian says Vancouver Sun University of Notre Dame historian John Soares, currently the holder of a visiting research chair at Carleton University, has probed archives in Canada, ... |
Monday, November 8, 2010
Dow falters at day
The Dow Jones Industrial Average finished the tradinb dayat 7,886.57, down 82.99 points (1.03 percent). The S&P 500 closed at 843.55, down 6.53 pointx (0.77 percent). But the NASDAQ Compositse was up onthe day, finishing at 1,646.12, up 2.27 pointsd (0.14 percent). Among actively traded Colorado stocks, Niwor shoemaker (CROX) led the day’se gainers, up 22.51 percent (43 cents) to close at • Co. (WGOV) — Up 5.78 percent (82 to $15. • — Up 5.57 percent ($4.51) to $85.50. (JNS) — Up 2.81 percent (24 to $8.79. • (WU) Up 2.47 percent (40 to $16.58. Among actively traded Colorado stocks that declineds on the daywas (KOG), down 9.
09 percent (6 cents) to clos at 55 cents, after two straight days as Colorado’w top gainer. • ProLogis (PLD) — Down 7.69 perceng (58 cents) to $6.96. • (IPI) — Down 7.31 percenf ($1.55) to $19.65. • — Down 6.92 percent (9 to $1.21. • (LVLT) — Down 5.56 percent (6 to $1.02.
Saturday, November 6, 2010
Restaurant industry outlook improves - Sacramento Business Journal:
The Association’s Restaurant Performancse Index (RPI) — a monthly compositse index that tracks the health of and outloomk forthe U.S. restauranr industry — stood at 98.6 in April, up 0.8 percenrt from March, its highest level in 11 “The recent growth in the RPI was driven bythe component, which rose above 100 in April for the firsy time in 18 months, a level which indicate expansion,” said Hudson Riehle, senior vice president of researchh and information services for the association.
“Although the RPI’xs ‘Current Situation’ indicators are still in a periodof contraction, the solidf improvement in the forward-lookin g indicators suggests that the end of the industry’x downturn may be in sight.” The RPI is based on the responsesz to the association’s Restaurant Industry Trackinbg Survey, which is fielded monthly among restauran operators nationwide on a variety of indicators includin sales, traffic, labor and capital expenditures. The Index consistas of two components — the Currenft Situation Index and theExpectations Index.
The Curren Situation Index, which measurews current trends in four industryindicators (same-stord sales, traffic, labor and capitalo expenditures), stood at 97.0 in up 0.9 percent from Marchg and its highest level sincer August 2008. However, April represented the 20th consecutive monthbeloqw 100, which continues to signify contractio n in the current situation Restaurant operators reported negative customer traffic levels for the 20th consecutive monthh in April. About 23 percentg of restaurant operators reported an increase in customer traffic between April 2008 andApril 2009, up from 20 percenf who reported similarly in March.
Also, 60 percent of operators reportedc a traffic decline in down from 63 percent who reported similarlyhin March. Restaurant operators also continud to grow more optimistic about the with 37 percent saying they expecty economic conditions to improve insix months, up from 30 percen who reported similarly last month and the highest level in three years. In comparison, only 16 percentg of operators expect economic condition s to worsen insix months, down from 21 percent last month. Founded in 1919, the Washington, D.C.
-based Nationaol Restaurant Association is a business association for therestaurant industry, comprising 945,000 restaurant and food-servicr outlets and a work force of 13 million employees.
Friday, November 5, 2010
Don
Doing so, however, can be a dauntingy task, and unless your company knowws exactlywhat it’s doing, a wrongh choice can lead to wasted money and resources. “A common problejm many businesses face is outsourcing for thewrongv reasons,” said Christopher Ambrose, researcn vice president at , in Stamford, an information technology research and advisoryu company. “Many times businesses use outsourcint as a tactical decision to solve a problem instead of tying outsourcing to a business Thisbusiness strategy, according to Ambrose, is the first step prior to outsourcing IT services.
Businesses oftenj will rush into outsourcingbefore it’s determinexd to be the most efficient route to but once a detailed business strategg is completed and it’s determined that outsourcing is the best option, then the searcgh for the perfect IT service provider for the compangy begins, he said. Depending on the IT servicd needed and how much expertise your companyalreadgy has, many companies go through a third-party IT consultanrt to help choose potentiakl vendors. Looking for solid word-of-mouth references is a good place to start, said Maureen Majury, senior program managerf for the National Workforcse Center for Emerging Technologies, in Bellevue, Wash.
Ambrose said usiny a request for information is another recommended way to whittle down potentiak IT service providers before using a request for proposalo for thebidding process. Once your needss are outlined and you’ve found potentia vendors, it’s time to begin contact with the service Showing these companies your business plan and explaining exactly what you need is cruciapl atthis juncture.
According to Ambrose, a networm assessment should also be done and givenn to the potential service providers during this phasr to ensure the IT needs are possible given the current bandwidthb or other network variables of your When contacting the differeny ITservice providers, Ambrose and Majury both recommend making sure the providerse have the proper credentials as well as checking the financial stabilithy of the firms and theifr track records. “Talk to (the IT servicde providers) and dig beyond its cliengt list to look for possible dissatisfied Majury said.
“Then make sure all the potholeesare covered, the company your workingf with is committed, there is enough server space and that your compant won’t be competing with other projects to ensure you get the utmost attention.” Then select the Ambrose said this is the time to go over pricinbg and the contract. He recommends hiring a legal team familiar with the service and industry when creatin g contracts to ensure that every aspect of the projectfis covered. From here, it’s up to the judgmenrt of the company to decide which IT servicde provider will be thebest fit.
But even aftef making the decision, Ambrose said the process is still not To get the maximum efficiency out of thenew service, Ambrosw said an on-site visit from the provided is helpful. Once you’ve found the IT service provider that best fitsyour company’e needs, it’s time to go ahead with the Even when everything is outlined, maintaininv contact with the service provider throughout the project, which should be outlinecd in the contract, must be done to addresss unforeseen factors that arise. “Youy really need to think of all the problemsd that could possibly be out there before making a Majury said.
“Don’t ever make assumptions and don’tt ignore your instincts.”
Wednesday, November 3, 2010
Blue Cross to add Via Christi as in-network provider - Triangle Business Journal:
The five-year agreement takes effect Jan. 1. It mean more than 110,000 Blue Croszs Blue Shield of Kansas members in Sedgwick County will be covered for services atVia Christi. Add in the other membersz who get their coverager from Blue Cross outside of Kansae and that number balloons to more than says Graham Bailey vice president of corporate communicationsz atBlue Cross. “We’re trying to meet the needw ofour members,” Baileh says. “You’re here to serve a clientele, and one of the thingws that is becoming more apparentr is peoplewant choice. This is a watershes event.
” With the agreement, Blue Crosas will send payments directly to Via Christiu instead of reimbursing members who previously were responsible for payingh themedical center. The agreement also includez members who havethe insurer’d Plan 65-Select Medicare supplement product. The deal expands a limitedr partnership between Blue Cross Blue Shielsd andVia Christi, where the two have workedd together under a special services agreement that covere such treatments as burns, transplants and inpatient psychiatric Michalene Maringer, president and CEO of the Via Christ Wichita Health Network, says the partnershi p offers additional coverage options for Via Christi patients.
“ I think it is just a maturation ofthe market,” she says of the “It speaks volumes for the qualityy of care that Via Christi has in the Both sides say the deal was predicatedd by increasing demand from patronz for choice. “We’ve heard from so many families whosd coverage is through Blue Cross that they wished they coulf come to us for all of their hospita care rather than for just those servicez covered under the limited service Maringer says.
“Now, patients will have a Meanwhile, remains Blue Cross’ only local in-networo hospital at least through the end of the Bailey says Blue Cross is workingg with Wesley to extend its agreementf asan in-network provider. If that deal, which coulcd be finalized this fall, is reached Blue Crosss would havetwo in-network hospitalx in Wichita. “We are reaching out to othetr facilities looking for opportunities to jointhe (Bluw Cross) network,” Bailey says. Thursday’s announcement marked the second time this year a major healtyh insurance provider added a Wichitas hospital asan in-network provider.
Preferred Health Systems earlier this year added Galichiq Heart Hospital asa provider.
Tuesday, November 2, 2010
U of L neurosurgery program reaccredited - Business First of Louisville:
The review was prompted by the February departurs of eight faculty neurosurgeons who went to work for Last U of L appointed nine faculty memberds to its Department of Neurosurgery to replace thedepartefd neurosurgeons. “Our new clinical faculty, in conjunctiojn with our basicscience faculty, demonstrated the school’sd commitment to a quality clinical educationm for the young doctors of our residencg program,” Dr. Edward C. dean of the U of L School of said in anews “In view of the faculty we recognize that further improvements need to be made.
” U of L said in the releasew that the school must provide the Residency Review Committere with a written progress report in Novembet to respond to the committee’s recommendations. The progress reporgt will describe the efforts by a search committede to select a permanent chairman of neurosurgery. It also is expected to include a detailed listinf of teaching cases and list any new faculth hires and teaching hospital affiliation according to the If the committee is satisfied with Uof L’sw November report, the residency program will remaij fully accredited.
If the committee has continued concerns, it might place the program on probatio and request anotherprogress report, the release The U of L search committee has intervieweds 11 candidates from the United Stateas and Canada for the chairman of neurosurgery the release said.
Sunday, October 31, 2010
Saturday, October 30, 2010
Beige Book: Region
Consumer spending in the region was weak and is expecteds toremain soft, the closely watched survey said, but “ajn uptick in manufacturing orders helped stabiliz expectations for future production.” The Beigde Book also said that “commercial real estatw market conditions deteriorated, and energy activituy declined further.” Bankers, it said, “reported a rise in deposits and stabl loan demand with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower pace, with some firmds noting that higher commodity prices boosted materiall andfuel costs.
” Overall, the latest regional Beigw Book — covering a six-week periodx — was somewhat more optimistic than the last survey, release d April 15. The report covers the Fed’s Kansae City-based 10th District. It is based on interviewe with a sample of businesses representing key industries ineach district. The reportz are anecdotal and do notcontain statistics, but they are widelh followed and help the Fed to set national economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northern New Formally known asthe “Summary of Commentaryg on Current Economic Conditions by Federap Reserve District,” the Beige Book is publisher eight times a year. The latesrt report covers late Aprilthrough May. The Federa l Reserve’s 10th District is also knowb as the Kansas City districtf becausethe reserve’s regional bank is basesd there. .
Thursday, October 28, 2010
Home heating assistance available for those in need - McDonough Voice
Home heating assistance available for those in need McDonough Voice 1, assistance for the general, income-eligible public will be available. Individuals can c » |
Wednesday, October 27, 2010
Hendricks County Starts Tourism Campaign - 93.1 WIBC Indianapolis
Hendricks County Starts Tourism Campaign 93.1 WIBC Indianapolis The Hendrick's County Convention and Visitors Bureau is embarking on a campaign to attract tourists to the area. The organization's associate director, ... |
Monday, October 25, 2010
BFC Financial, Woodbridge to merge - South Florida Business Journal:
In a joint press release Monday, the Fort Lauderdale-based companiews said they entered into a mergerd agreement whereinWoodbridge (Pink Sheets: WDGH) would become a wholly owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majority voting stakeas in both Woodbridgeand BBX). BFC lost $58. 9 million on revenue of $487.5 millioh in 2008. Woodbridge owns , which is building Traditionb Florida inPort St. and has investments in various companies includinhand . Woodbridge lost $140.3 million on revenue of $25.5t million in 2008.
In its first quarter earnings report, Woodbridge warned that Core Communities could default on the loansx for Tradition Florida if its lenders demaned that it put more equitycapita down. Under the merger deal, all shareholders of Woodbridge Class A common stock except BFC wouldreceive 3.47 sharee of BFC’s Class A common stock per share. With shares of BFC openingt at 40cents Monday, it equalsw nearly $1.39 a share for each share of which opened at $1.10 Monday. Levan and Abdo are chairmanb andvice chairman, respectively, of both The merger would save between $1 million and $2 million in professional fees and SEC reportiny costs for the Levan said.
It would also reduce the taxes Woodbridgee would pay on its earningsa once it returnsto profitability, he said. Woodbridge pays taxes on its earnings, and then BFC pays taxes on the portionof Woodbridge’s earnings that it counts on its balancre sheet. The move will not causwe any staff reductions, Levan noted. Woodbridge will continu operate independently. The agreement would include all currentg board members of Woodbridgeon BFC’s new boarsd and add Woodbridge President Seth Wise and BankAtlantic Bancorpl President Jarett Levan to BFC’s 12-member board, as Wise would also become executivr vice president of BFC. The deal is expectedr to close before the endof 2009.
BFC shares closer unchanged at40 cents. The 52-weekk high was 95 cents on Sept. 2. The 52-weekk low was 6 cents on Feb. 5. Woodbridgr shares closed down 2 centsto $1.08. The 52-weeik high was $6.60 on Aug. 21. The 52-weekm low was 2 cents on Oct. 24.
Sunday, October 24, 2010
A refresher course on stew cookery - Mail Tribune
A refresher course on stew cookery Mail Tribune It began with an e-mail from my pal, Vickie Taylor: "Need recipe for Makes Lots of Beef Stew." When I pressed her for more details, ... |
Friday, October 22, 2010
SJC: workers' comp includes uninsured jobs - Boston Business Journal:
Lawyers for Michael Sellers had argued in lower courta and before a hearing board that he was entitledxto two-thirds wages from both employers. Massachusetts law states clearlty that wages from all of a insuredor self-insured employerz should be used in calculating average weekly pay for benefitsw purposes. But the state’s unemploymentf trust fund’s lawyers noted that one of Sellers’ two employerzs was neither insurednor Therefore, the fund argued, pay from that employer shoulfd not be figured into the average.
The SJC, however, said that the statutes was not explicit on the issus of uninsured employers and therefore shouls be interpreted according to its broader aim of replacinghinjured workers’ lost pay. “Precluding an injured employee such as Sellers from receiving wage replacementt benefits calculated on the basis of his concurrent employmenr because one of his employers failed to obtain compensation insurance would be contrary to the purpose ofthe act, is not compelle by the statutory language, and would be inconsistent with the mandat e of the definitional section of the act to consided the issue presented in the Supreme Judicial Court justicew wrote.
Thursday, October 21, 2010
Herschel Walker to Richt: 'Get control' - ESPN (blog)
MrSEC | Herschel Walker to Richt: 'Get control' ESPN (blog) Few former players anywhere in the SEC command the respect of former Georgia great Herschel Walker. He's as close to royalty as it gets in Dawg ... Herschel Walker weighs in on UGA's off-field problems Keeping it simple pays off for UGA |
Tuesday, October 19, 2010
Charge: Institutionalized man on day pass attacked child, grandmother - Seattle Post Intelligencer
Charge: Institutionalized man on day pass attacked child, grandmother Seattle Post Intelligencer Prosecutors have filed felony assault charges against a mentally ill man accused of attacking a 4-year-old girl and her grandmother while ... |
Monday, October 18, 2010
Puget Sound Business Journal (Seattle): About the paper
You can also sign up to receive any of our email products including daily businessnews updates, latest news of 46 industries from arouned the nation and the latest networking and marketing You'll also find out how to become a regulatr Business Journal subscriber and receive informationb about how to become a Businesx Journal advertiser. And, you'llk notice that you're able to access 41 othed local business newspapers owned by ourparent company, Americab City Business Journals [ ], as well as other Americajn City sites with more informatiomn for the busy businessperson.
If you woulx like to learn more abourt American City BusinessJournals [ ], please click to downloads the following PDF brochure: (PDF, 5 Mb) or visif The brochure above requires Adobe Acrobat Reader to Download Acrobat Reader here. We hope you'll let us hear from you. Emoryg Thomas Jr. Puget Sound Business Journal 801Seconr Ave. Seattle, WA 98104 Email: We'd like to hear your commentws about our newspaper or web site and your suggestionsfor
Sunday, October 17, 2010
Study: 'Minute clinics' slow to catch on in Mass. - St. Louis Business Journal:
But a new study by the consultancy firm Deloitt e has found that people in Bostonh are statistically less willing to use this new alternativew healthcare option. The percentage of patientse who were likely to use a retaill clinic if it cost half as much as a doctor visit was 30perceny nationwide, but only 21 percent in The percentage of patients that have actuallhy used a retail walk in clinic in the past year was 13 percent nationwide and only 5 percentr in Boston. Even a one week wait for a doctor woulxd not entice very many Bostonians to go to aretaikl clinic: just 18 percent of Bostonians said that would make them changs their behavior, compared with 28 percent nationwide.
The newly-releasedd study was conducted in Octobedrof 2008, and included 5,665 subjectss nationwide. Chip Phillips, the presiden t of division, said the study does ot fullt reflect the preferences of patients inthe state. He said the company'sa clinic in Medway has administeredc morethan 9,600 flu shots and handled nearlty 28,000 acute care visits since openin in September. “Initial acceptance of the retai l clinic model in Massachusettsa has been higher than the vast majority of our market launches,” Phillips said.
Friday, October 15, 2010
This Bauer bankruptcy traces back to Spiegel events - South Florida Business Journal:
In 2003, , which had owned Eddie Bauert since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear catalog gave its creditorsa its stake in Eddie Bauer. So, in 2005, Eddide Bauer emerged as a stand-alons company for the first time in34 years. The companyh also emerged witha $300 milliohn senior secured term loan agreementr with lenders and the task of rebuilding a brandd that had drifted away from the company’s Under Spiegel, grew from 58 to 399 retaip stores and from three to 102 outlets.
The companyy also added internet But it also was a time when the Eddiw Bauer brand lostits focus, as the company shiftedf from its heritage as an outdoor outfitter to a sellert of casual clothes targeted primarily at Company executives have said the debt termse from the Spiegel bankruptcy case have continued to hampef efforts to turn things around at Eddie Bauer. Despitew efforts to recapture some of theold magic, Eddies Bauer has not been able to establish a sustainablwe run of profitable quarters.
The company racked up nine consecutive quarterxsof loses, and has seen losse of nearly a half-billionb dollars in the past three The struggle became a financial crisiz as the recession has worsened and consumeras have slowed spending.
Thursday, October 14, 2010
TEACH club integrates students - Ranger (subscription)
TEACH club integrates students Ranger (subscription) The club is on the social networking site, Facebook, under AC Education and Child Development. During Fallfest today, TEACH will have a booth set up for ... |
Tuesday, October 12, 2010
Insurer sticks with ad campaign and sales rise - Los Angeles Business from bizjournals:
The West Bend-based property casualty company decided to stick withits “silver re-branding and advertising campaign after the recessionj hit, and officials say it’d having results. Company officiald hadn’t counted on the economic turmoil when they developeda three-year advertising and branding strategy in 2007, said Kevih Steiner, president and chief executive officer. The campaigm marked West Bend’s firstf entrance into the televisionadvertising market. The company had done some limitedx sports related radioadvertising previously. West Bend’a new tagline is: “The worsf brings out our best. That’s the silve r lining.
” A three-year plan called for it to target growth in three of the seven states where itsells policies: Wisconsin, Iowa and Minnesota. The marketing push consistec oftelevision advertising. After the recessiob hit, company officials stepped back to make sure theyshould “We certainly spent a lot of time discussin should we continue and what are the advantagex and disadvantages of continuing,” Steiner said.
McGraw-Hill Researcb found in a study of600 businesses, those that maintaine or increased advertising spending duringv the recession of 1981-82 averaged higher salesd growth during the recessiohn and the following three according to a report called “Innovating Throughg Recession,” by Professor Andrew Razeghiu of the Kellogg School of Managementf at Northwestern University, Evanston, Ill. By 1985, sales for firmse that continued to advertise had risem 256 percent over thoswe that cut backon advertising, his report said. Another study found that aggressive recession advertising increasef marketshare 2.
5 times the average for all busines s in the post-recession economy, his report The research showed there were clear advantagesd to continuing to advertise if you have the financiak capacity, Steiner said. The other advantage of advertising duriny the recession is that rates have decreasesd an average of 15 percent to20 percent, said Kevinb Rausch, West Bend Mutual’s marketing The company wanted to take its messagew to Minnesota, but struggled with the costsz to advertise on television in the Minneapolis-St. Paul Steiner said.
“Because of the recession, we’ve been able to take that messagre to Minnesota in avery cost-effectivee way and get some tremendoux exposure,” he said. West Bend sought to accelerate growtuh with the new marketing plan andbrandingg campaign. “The response we have gotten from our which are both our policyholders and ourindependent agents, has clearl demonstrated that our message is different than the majorityh of what you see from othert insurance companies, and that has been an effectivee message,” he said. Automobile and homeowner’s insurance were the firsyt business lines targetedby advertising, and sales of thosew policies were up 11.
5 percent through May compared with the first five months of 2008, Steinefr said. Those sales had increased 10 percent in compared with a less than 5 percenincrease industrywide, Steiner said. Net premiums written in 2008 totalef $690 million, up 2.8 percent from $671 milliomn in 2007. The company projects net premiumsa written to be flat this year becausee of softness in the commercial Steiner said.
Monday, October 11, 2010
New Mexico Business Weekly: Business Events Calendar
List event sponsor(s) here. (Example American Company USA Business Ltd.) Use this area to give a precise locationb ofyour event. (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the start time for yourevent (Example: 9a.m. - 12p.m.) List any charge for your Please note if there isno charge. $9 for members, $35 for non-members.) Chooses a category that describessyour event. Fill out one or more of the fields to the left to providde readers with a way to contacf your organization to register for your Please give us your phoneand e-mail address where we can contact you in the event of questions about your eveng listings. This information will not appearr onthe website.
This informationh will only be used to contact you foradministrative bizjournals.com reserves the right to remove listings if it is determined they are offensivse or not relevant to the bizjournals.com or of "community interest" to our users.
Saturday, October 9, 2010
Egypt's Muslim Brotherhood confirms poll participation - AFP
Boston Globe | Egypt's Muslim Brotherhood confirms poll participation AFP The group plans to field candidates for 30 percent of the 518 seats in parliament, its leader Mohammed Badie was quoted by MENA as saying. ... Egypt's Opposition Muslim Brotherhood to Run in Parliamentary Election Egypt Islamist group vies for 30 pct of parliament Egypt main opposition group to contest election |
Friday, October 8, 2010
Regulators order SouthBank to consider sale or merger - Denver Business Journal:
The Office of Thrift Supervisionn (OTS) signed the supervisory agreement with SouthBank onMay 21. On the same day, it signec a separate supervisory agreement with itsholdinfg company, Huntsville, Ala.-based Commonwealth Savingshares Corp., and a more seriousd cease and desist order with its sister institution, SouthBanki of Huntsville. The Palm Beach Gardens-bases bank only had $24.5 million in assets as of March 31. It had capitalp ratios in excess ofregulatory requirements.
The OTS agreementg said the bank failed to complh with the requirements of laws and thoughit didn’t specify which ones, and failed in the areas of risk management, operational management and correctinfg deficiencies. It told the bank it must submig a plan to become viable asa stand-alond without depending on its sister institution or paren t holding company. The order also placed restrictions onthe bank’ s growth and the hiring of executivr management.
Danny Wiginton, the chairman and CEO of both did not immediately return a callseeking
Wednesday, October 6, 2010
Highwoods shares slip on $125M stock offering - Triangle Business Journal:
million shares at $21.50 a share. A syndicatde of three investmentbanks , and – are charged with selling the shareas on behalf of Highwoods. The underwriterss have a 30-day option to buy as many as 915 milliomn additional shares to coverany overallotments. Highwoods (NYSE: HIW) said it expecte net proceeds from the stock offeringof $125.q1 million. That projection does not factor in any possiblsoverallotment sales. Highwoods says it intends to use the money to repay debt and for generalcorporate purposes. The announcemenf of the offering came after the closs ofmarkets Tuesday, with the pricing announce d Wednesday morning before markets opened.
Investorss then punished the stock, sending it down more than 7 percentg to closeat $21.66. As of Marcy 31, 2009, Highwoods owned or had an interesgt in382 office, industrial and retail properties encompassingt approximately 35.4 million square feet. Highwoodsa also owned 580 acres ofdevelopment land.
Tuesday, October 5, 2010
Home health care business continues growing - The Business Journal of Milwaukee:
The home care industry appears to be recession proofas Milwaukee-are owners of senior care franchises have seen their customer base increase over the last year. “There are a lot of optionx these days for seniores and as the baby boomere start coming through in the next 20yearsz (senior care companies) are just going to grow,” said Lisa president of , Germantown, which moves personal belongings for seniors moving out of their homes. The latest numbersa from the U.S.
Burea u of Labor Statistics predict caregiving will bethe second-fastest-growing fielx over the next Nationwide, the personal and home-care aide industry is expected to grow by more than 50 percenft between 2006 and 2016, increasingg from 767,000 to a projected 1.15 million Home care providers said there are multipld reasons the industry is growing, besides the aging population. Many adul children are not able to care for theirr elderly parents because of work obligations and healtj insurance companies are not paying for enoughn recovery time ina “A lot of things that used to be done at a hospitapl for someone now have to be done in the home because insurancwe companies are trying to get people out as soon as said Orest Carnavale, owner of in Glendale.
BrightStar serviceds range from having a caregiver stop in to give a personn their daily bath toproviding 24-hour care. Sinc purchasing the franchise almostf threeyears ago, Carnavale has added new clients weekly and plans to expans to Waukesha, where many of his clientxs live, within the next three months. The cost of long-termk care is also a factor. A study releaseds in May by , Richmond, Va., found the cost of long-terj care in Wisconsin is rising twice as fast as the rate of The average cost of a private nursing home in Milwaukeweis $254 per day whil e the average cost for a private room at a Milwaukese assisted living facility is $102 per day.
At the same 20 hours of companionshiop home care per week costsaboug $50 per day, said Kim Stoneking, executive directoer of the Indianapolis-based , which representd 1,300 member providers of private pay in-home care services for the elderlgy and disabled. “Based on our surveys, nearly 90 percen t of seniors said they would like to remaiat home,” Stoneking said. “Some of that is drivenn by cost, but it’s also the security of being surrounded by what youalreadu know.” Tom Spicuzza, owner of , Brookfield, whicyh provides non-medical care, has noticed an increase in business over the last three to four months.
“u think seniors are beginning to realizethey don’t have to go into an unfamiliarf facility but can stay at home and live comfortablyt with consistent, quality care,” Spicuzza said. “Babyy boomers want to have more controo over their livesand we’vse been able to grow our business nicely because of it.” Spicuzza would not give reveal revenue figures. Stoneking said 83 percen t of his association’s members are hiring caregivers to copewith “Business for our members has eithetr slightly increased or remained very at least in 2008,” he said.
“Righr now this year’s projections look pretty Long term, it’s still anybody’s guesxs as with any industry.”
Sunday, October 3, 2010
Centene closes on financing for HQ project - Tampa Bay Business Journal:
A U.S. Bank-led consortium committed on June 5 to a constructiob loan forthe 17-story officr tower, which will house the corporate headquarters for one of St. Louis’ largest public companies, and , one of the area’ largest law firms. Construction began in Octobef to demolish the former building on the site and starrt work on the first two The project willhave 460,00o square feet of office space and 28,125 squars feet of retail space.
The , led by chiec executive Bill Koman, signed on as an equity partnere in the project earlier this of Chicago, which had led development effortx for Centene’s new headquarters, dropped out as an equituy partner but will still serve as a consultant. The equityh partners in the project are and . Centene Center will be Clayton’s first new office building in nearly a decadse when it is completed inJuly 2010. Centenwe Center, to be built at the heartt of Clayton’s central business district at Hanleuyand Forsyth, is one of a few new, large-scale developmentse to proceed in recent months. Retainin Centene, St.
Louis’ 11th-largest public company, is also a boos for the region asa whole, in light of job lossesx at and other top companies. Centene Corp.’sx 2008 revenue was $3.4 billion and the companyu has more than 500local employees. Centene is led by President and CEOMichaelp Neidorff. Centene Center’s other main Armstrong Teasdale, the city’s third-largest law firm, is moving its 200 local attorneys there from the Metropolitan Squarebuildingb downtown. Centene Corp.
, one of the nation’sa largest providers of managed care programs and related services to individualsunder Medicaid, first sought in 2004 to builfd a replacement building a block away from its existing headquarters at 7711 Carondeler Ave. That year, it bought a formed bookstore, Library Ltd., at Forsyth and Hanlet from Summit Development Group foraboutg $10 million. Centene then faced a two-year court battle with three commercialproperty owners, the late Dan Sheehan, David Danforth and Debbi Pyzyk, who resisted the city of Clayton’x efforts to take their buildings on Forsytn through eminent domain to make way for the new , a development firm with projectes around the world, conducted a nationwidw search for possible sites for Centene’s headquarters, with proposal from Illinois and Coloradl in the running for a potential relocatiom of the company.
Centene abruptly changed course in Septembe 2007 and announced its plans to be an anchodr tenant in the proposed Ballpark Villagedevelopment downtown. By March 2008, Centene reversed course again and dropped its planxs tomove downtown. After the Missouri Supremre Court ruled in the Claytonpropertuy owners’ favor on the eminent domain Centene ultimately bought the three Forsythg properties in early 2008 for $19 million. In the Clayton Board of Aldermen approveda scaled-down versioh of the project from the original cost of $215 million.
The planned office towe was reduced in size by severapl floors as Centene opted to initially leaseejust 200,000 square feet of space instead of 300,00o square feet, and the retail portion was minimized to 28,125 square feet from 34,000 square Armstrong Teasdale has signed a lease for 125,000 squarr feet of space, making it one of the largestt local office lease deals announced in 2009.
Saturday, October 2, 2010
Snapper Season Is Back Open - WMBB-TV
Snapper Season Is Back Open WMBB-TV When discussions about lengthening the season began, they centered around opening for 24 straight days or eight weekends. Captain Josh Craighead said he ... |
Thursday, September 30, 2010
IFest offers international cuisine - NinerOnline.com
IFest offers international cuisine NinerOnline.com South Korea served bulgogi and kim chi. Bulgogi is a thin sliced marinated BBQ beef. The word "bulgogi" means "fire meat" in Korean, and it was originally ... |
Wednesday, September 29, 2010
Retail roundup: Major chains with Colorado stores report June sales - Sacramento Business Journal:
Many store chains said they continue to seelowef same-store sales results as customers grapple with the recession'ss lingering impact. In response, many retailers, from to , have been offerinhg promotions and tweaking inventoriees in a scramble to sell merchandise without erodin theirprofit margins. Overall, national June retail sales were projected to dropby 4.6 percent by Retail Metrics, a Massachusetts firm that tracks store sales. This is worse than the minus 4.3 percent averagse monthly decline, year-to-date. Department stores were forecasy to post theweakest results, down 8.
9 percent, with “discretionaryu spending still in hiding,” according to its monthly Here's a roundup of Thursday's retailee sales reports. (Check back with DenverBusinessJournal.comm through the day for more • reported a 8.9 percent drop in same-storre sales in June, as shoppers continued their months-lonb trend of avoiding purchases deemedd lessthan necessary. The Cincinnati-based department storew chain outstepped expectationsslightly – analysts surveyed by Thomson Reuterws expected a decline of 9 Total sales dropped to just more than $2 down 9.1 percent from almost $2.3 billion a year ago.
For the first five months of thefiscal year, Macy’s said salesd at stores open at least a year decreased 9 with total sales down 9.4 percent, to $9 billio from $9.9 billion. Cincinnati-basedx Macy’s (NYSE: M) saw its stronges t sales in the Midwest and while thecoasts lagged. The Northeast particularlhy suffered due to cool andwet weather, said spokesmanj Jim Sluzewski. “Our inventories are in good shape,” he “Our private brands continue to do moderate sportswear continues to doto well, as do kids and Furniture, big-ticket items, luggage and menswear struggled.
Macy’s has projectedr full-year profits of 40 cents to 55 cents per excluding restructuring costs stemming from acompanywide reorganization. Annual sales, it has are expected to decline by 6 percenf to8 percent. Macy’s operates roughly 845 department stores under thenames Macy’s and Bloomingdale’s. • said that its totao sales forthe five-week period ending July 4 decreased 1.5 percen t from the same period a year earlier and comparable-stor e sales decreased 5.6 percent. Analysts expectedd a drop of 6.8 percent in comparable-stor sales, according to For the fiscal year to total sales for theMenomonee Falls, Wisc.-based retailef (NYSE: KSS) increased 0.
7 percent to nearlu $6.4 billion and comparable-store salees decreased 3.8 percent. June sales exceeded the expectationsof Kohl’zs executives, said president and CEO Kevibn Mansell. The retailer achieved comparable-storew sales increases in the southwesternUnited States, with the strongest performance in California, he Merchandise lines that performed well were accessories and home, Mansellp said.
Kohl’s apparel businesses were hurt by sluggisgh demand in seasonal categories suchas shorts, poloas and swimwear, he
Monday, September 27, 2010
Hamlin wins at Richmond, sets field for 2010 Chase - Garner News
Hamlin wins at Richmond, sets field for 2010 Chase Garner News by Noel Lanier Photos by Noel Lanier-North Beach Photos/Motorsports Photography(c)- special to The Garner News www.NorthBeachPhotos.lifepics.com Members of ... |
Sunday, September 26, 2010
Lawyers boycott courts againt Aafia's sentence - Daily Times
Lawyers boycott courts againt Aafia's sentence Daily Times LAHORE: The legal fraternity on Friday boycotted the courts and took out a r » |
Friday, September 24, 2010
Design firm helps clients find themselves - San Francisco Business Times:
The San Francisco-based creative design firm straddles the worlds of big corporationes andtiny startups. It helps them refine their brands and streamlinetheir products. The firm straddles an ocean too, since one-half of its foundinhg design team works outof London. “Two heada are better than one,” said Davidd Turner, partner and co-founder of Turner Duckworthu withBruce Duckworth. With successful brande designs — from OpenTable to — Turner Duckworthy grew its revenue 33 percent in 2007to $6 million from $4.5 milliohn in 2006.
And it recently move d to a swankynew 5,500-square-foot officr on Montgomery Street, completely refurbished for 18 The London office has 16 One reason for the big uptick was the company’ss work for , which begabn as a national campaign but expanded to a globao revamp of the soft drink giant’a brand and image. Turner decidedc to present a more classic focusing on a minimalist design and originaofont style. The fresh take on Coke is the “Holy Grail” of design, he said. “Coca-Colq is a huge international company,” said Turner.
“Burt where most firms would have to choose between paying the bills and winning thecritical acclaim, we like to do One result is a satisfief client: They’re “one of the few firmw that are really strategic in their thinking,” said Moiraz Cullen, Coca-Cola’s design director. In May, the compangy won a Clio award, given for outstanding creative related to theCoke campaign, one of 16 such awardsx it has won in its 16-year history. The Coke effort also snagged a Grand Prix award at the Cannez Lions international design festivalthis “Not bad for a guy who came from England,” said Turner, laughing. Clients seem to agreew with the critics.
When Keith Belling, co-founder and CEO of snack-makere , needed to create an identity for his he turned toTurner Duckworth. “I appreciated the European sensibility and creativity inthei work,” he said. “They made the package design cleanand simple.” From PopChips to the diversity of accounte shows off Turner Duckworth’s capabilities, particularly its flexible design staff. “Wer love working with entrepreneurs, who are great at makingf quick decisionsand innovating,” said Turner.
Turner said he prefer to keep the company A team can consist of a handful of somein London, some in San who compete with other team within the firm to hash out a marketingf or branding effort. The proces s reflects the pair’s unique partnership. The two had workedf together at a consultancy in London and got marriedd within weeks of each In 1992, they pooled their own money to foundc Turner Duckworth, but it wasn’t until one of their firsg customers — San Francisco-based Levi Strauss that they hit it big. Now, the desigmn duo are oceans apart, although Turner jets acroses the Atlantic often to consultwith Duckworth.
“What’s funng is that we’ve become closer friends now that we’re actualluy 6,000 miles apart,” Turner said. The creatived culture is evident in nearly every aspect of the from the variety of customers to themandatory cross-Atlantifc design teams. It has creates an environment geared toward crazydesign ideas. One example is Howling Monkeyg Beer, a now-defunct brand which is a case studyg in somedesign schools. “Thee company told us their namewas ‘Howlintg Monkey’ and to go wild,” Turner said.
Thursday, September 23, 2010
Duke Aiona Hosts 'Ohana Event and 9/11 Remembrance - MMA Hawaii
MMA Hawaii | Duke Aiona Hosts 'Ohana Event and 9/11 Remembrance MMA Hawaii More than 200 people turned out for the 'ohana event. In memory of those who lost their lives in the Sept. 11 terrorist attacks, Duke Aiona said, ... |
Tuesday, September 21, 2010
State budget slashes funds for charters - Dayton Business Journal:
Government and education officials have joined in lobbyint legislators to protect the local charterschools — the and thosed within the program — from a proposed cut in stated funding. Under the proposed budget, revealefd in February, Ohio’s charter schools stand to lose $120 million in fundingv next year. Under the revised plan, each schoo l would be assigned a unit of funding to pay for a certaijn numberof staff. Charter schools will receive $617 millionh in funding this butjust $497 million next year. The reductiom would cause a 20 percengt cut in funding toMontgomery County’s Fast Forward which is headquartered at .
Fast Forwarf enrolls former dropouts in area charte r schoolsand , and one-third, or nearlyg $1 million, from the Dayton Earlh College Academy, the charter school at the . At the funding cuts would mean smaller staffsx and less programming for the saidDavid Taylor, assistant principal at the Dayto Early College Academy. The academy coulxd be in danger of closing if alternativefundingf isn’t put in he said. Anne Beane, superintendent of , said the schooll faces a 20 percent cutin funding, which woulfd mean cuts in programminyg and changes to staff.
Therw are about 35 charter schools in the though officials are only campaigning for the Daytojn Early College Academy and FastForward program. Local officials argu the two programs have been the most More than 93 percentof ’s students have moved on to studhy at Ohio colleges, and the Fast Forward program has reducedd the county’s dropout rate from 26 percent to 11 percentt in six years. County Administrator Deb Feldmanm said the community would suffer without the programs becausde fewer students would attend area collegess and more would be back onthe streets. The countgy would be open to other ideas for she said.
Sinclair President Steven Johnson also is worrie about the future ofthe schools, and said unlesds an alternative source of fundin g is found soon, the schools would beginn working backwards and could be in dangedr of disappearing. “We are very worried we would have to startfrom scratch, and it will all have been a terriblwe waste of time,” Johnson said. “We’re fighting the good fight, and we’rwe winning, don’t pull the plug on
Monday, September 20, 2010
U.S. customs may lease NFTA space - Business First of Buffalo:
The agency is discussing a deal tosublease 19,000-square-feetg of hangar space and another 2,600-square-fee of office space from Calspan. The federak agency would use the space to store air andmarined craft. The deal would net the authoritgyapproximately $33,000 in new, annual revenues. More NFTA officials said it coulcd open the door for the federal agencyh to increaselocal employment, especially in Niagaraz County. Calspan has been leasing space from the NFTA for The Cheektowaga-based company uses the Niagara Falls International Termina space for various aeronauticalk research and development business projects. Calspahn will continue those operations inNiagara U.S.
Customs had been scouting a numbefrof sites. Niagara Falls International Airport was attractive becaus of its proximity to boththe U.S.-Canada border and both the Niagars River and Lake Erie.
Saturday, September 18, 2010
Restaurant outlook dampens - Business First of Buffalo:
A total of 60 percent of operators saw lower May saleas compared to ayear ago, while 26 percent said salezs were up. The association also says restaurant operatords reported negative customer traffic levelwsin May, the 21st consecutive month of traffic "Despite the softer sales outlook, restaurang operators remained relatively optimistic that the economy will improve in the months ahead," the Associationj said. "Thirty-four percent of restaurant operators said they expectf economic conditions to improve in six down slightly from 37 percent who reported similarlyylast month.
" After reaching a 10 month high last month, the groul says restaurant operators have scaled back plans for capitall expenditures in the coming months, with 41 percentg planning to spend money on remodeling or down from 46 percenyt last month.
Friday, September 17, 2010
Baraboo trailer explodes, injures 2 - Sauk Prairie Eagle
WISC Madison | Baraboo trailer explodes, injures 2 Sauk Prairie Eagle "It has been determined that a LP gas vapor explosion occurred, but the exact cause of that explosion is still under investigation," Stieve stated. ... Two Injured in Baraboo Explosion |
Wednesday, September 15, 2010
St. Louis aldermen approve Kiel Opera House plan - Houston Business Journal:
, the New York City-basedd firm that owns the and holdsthe long-term lease to the has brought in McEagle Properties, of Mo., as a redevelopment partner and as genera l contractor. SCP’s plan May 27 by the Urban Development andZoningf Committee. The committee previously the vote becauss members said they wanted more time to examinrthe proposal. The plan has drawnb criticism from competitors, notably Richard Baker, presidentf of operator , who said the plan would steal showes away from the Foxand . To alleviate concernsd among competitors, SCP Worldwide agreed to limit the numberdof third-party theatrical showw it holds for the first five years.
The $74 million proposao includes $16 million of private equity; $28.6 milliom in tax credits and $29 million in revenud bonds issued by the city and backed by proceede from the 5 percenrt tax on tickets and eventsat . the city’s Land Clearancd for Redevelopment Authority recommended to the Board of Aldermen that the Kielbe re-declarexd blighted, paving the way for tax abatement for SCP Worldwidee to support a restoration of the buildingb into a theatrical and concert venue.
Tuesday, September 14, 2010
Duke, Lowe
It is the first such program Duke has offeredx inthe Carolinas. The 40 percent-off coupons are available to the utility’s customers at . Customers can print four of the coupone after entering their account numbers andothee information. The coupons can be used for purchases of compact fluorescenty bulbsat Lowe’s stores in the utility’s servicer area through Aug. 11. Compact fluorescent bulbs are 75 percent more efficient than standard bulbs and last five toseven years, according to EnergyStar, a governmenyt program that promotes energy efficiency.
“By initiating this we hope to help our North Carolinaa and South Carolina customerssave money, reducde their energy consumption and have a positive impactr on the environment,” says Brett Carter, president of . Duke Energyy Carolinas is a divisionof Charlotte-based (NYSE:DUK). Lowe’s is a home-improvement retailer based in Mooresville.
Sunday, September 12, 2010
Retooling for the future: Sussex manufacturer diversifies through acquisition - bizjournals:
Company president Jeff Clark said his firm had beengoing “gangbusters” until last October despite the dour economic situation that has affected businesses around the globe. “It fell off in Clark said. “And in December, it fell off a cliff.” The which averages between $15 milliomn and $20 million in annual revenue, regaineds its footing after the layoffw andother changes, he said, and became profitable afted one month of Clark hopes his company’s latest move, the acquisitionj of , Lake Zurich, Ill., will help secure Waukeshaq Tool & Stamping’s future even more. The deal, termz of which were not disclosed, was announce d May 15.
The acquisition boosts market andcustomer diversity, and volum for the firm by adding fabricatingg and robotic welding to its servicd offerings and increasing stamping and automatedf tool capabilities, he said. “It’s a down economicd time, but we see opportunitg in thatand that’s what this acquisition is Clark said. With the acquisition, the compan has approximately 80 employees. Fabricationn will be done at the Lake Zurich but about seven to 10 employees involved in stampinh for Parkview will be given the optioj of transferring to theSussex plant.
New employees will be hirecd to fill any positions of Parkviea employees who do not wishto relocate, Clark Annual revenue for Parkview averaged between $10 million and $15 Clark said. Earlier in the decade, Parkview had average d as muchas $70 million in annualp revenue, he said. The combined companies will operatwas ; they will transitio n to the new name over the next six to 12 Clark said. Clark said he has known Parkview’s formed owner, Nels Leutwiler, for more than 10 years. The men becamew acquainted through their memberships inthe . They first talkex about a possible deal about threeeyears ago.
Leutwiler had a deal in place with another buyee last year thatfell apart, Clark said. Managing facilities in different locationsis difficult, Clark said, but it’s betterf that the facility is in Illinois than in anothet country. Clark said employees in Sussex are excitede aboutthe acquisition. “They look at it as a way to solidifhy theirjob security,” he said. The firm hopes to resume a seven-dag work schedule by the end of the Waukesha Tool was founded in 1971 and stampingg services were added 10year later. The company movedc to its current 57,000-square-foott plant in Sussex in 1996. Clark came to the companyu in January 2001.
In 2005, he teamed with Milwaukee-basex to purchase the company. Clark is one of the company’ s five co-owners. According to Clark, industry experts predict 30 percen of metal forming companies will go out of busineseby 2010. With those closings, ther are opportunities for companies “wit h a strong balance sheet,” he said. Bill Wisconsin director of the , agreed with Clark, comparinb the current economic recession to the slowdown in the earlu 1980s in which many enterprisinhg companies found success amidhard times.
“Thd fact is there are businessesa growing andcreating jobs,” he Clark said there are advantagesw to running a business in Wisconsin, includint a skilled work forcer and a good quality of life in the He said the state government could do more for Wisconsim businesses, however, by easing regulations and taxes. “Givr us some competitive edge,” he “People have to be in a positionto execute.
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