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The building was owned by the entity OneCommerce LLC, of whicyh Jacksonville, Fla.-based Southcoast Capital Group is the majority One Commerce LLC bought the 31-story Downtown office building from AUSA Life Insurancew Co. in 1999 for $31 The 475,082-square-foot building at 40 S. Main was constructec in 1972. Lease rates were $15.50-$17.50 per square foot, accordingh to the Memphis Business Journal OfficeLeasing Guide. One Commercw Square has 292,602 square feet available, making it 39% The building was 73% occupied beforr ’s 170,000-square-foot lease expired in first quarter 2009. Memphis-basefd has been considering the building for itscorporate headquarters.
In the Memphis and Shelby County Industrialk Development Boardapproved payment-in-lieu-of-taxes benefits for Pinnacl e to lease 130,000 square feet at either One Commerce Square or Nonconnahn Corporate Center near the . , a Santa Calif.-based real estate investment had One Commerce Square under contracytin 2007, but the deal fell CB Richard Ellis Memphis will still handle the leasinbg activity and property management at One Commercew Square. "What's next is we're confirming all the existinfg tenants and keeping them happy so they renewetheir leases," CB Richarrd Ellis Memphis CEO Kevin Adams said.
CB Richard Ellis will also look for new including a lead tenant which canreplacde SunTrust. One Commerce Square has 160,00 0 square feet of contiguous office space availabl in which tolure one. "I'm not sure who the lead tenantywill be. In Memphis you can count on one hand the numbere of tenants whofill 100,000 square feet," Adame said. "The leadership of Memphis has to focux on Downtown where it has so much invested and we have to pull togethed to get somenew tenants. I thinlk that's going to take incentives from the local andstat governments.
"
Monday, December 31, 2012
Saturday, December 29, 2012
Friday, December 28, 2012
17 agriculture produce market committees will be subjected to audit - Times of India
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17 agriculture produce market committees will be subjected to audit Times of India PUNE: The state agriculture marketing board has decided to audit the ongoing work of 17 private agriculture produce market committees (APMC). The decision was taken following complaints by farmers related to non-functioning of the committees and ... |
Thursday, December 27, 2012
Wind-generated electricity dumps high costs on ratepayers and taxpayers - Beaufort Observer
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MiamiHerald.com | Wind-generated electricity dumps high costs on ratepayers and taxpayers Beaufort Observer The costs of wind subsidies are extraordinarily highâ€"$52.48 per one million watt hours generated, according to the U.S. Energy Information Administration. By contrast, the subsidies for generating the same amount of electricity from nuclear power are ... Maine's Wind Power Production F » |
Monday, December 24, 2012
Bunge building Washington grain terminal - St. Louis Business Journal:
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Called EGT Development, the projecgt will be the firstr export terminal built in the United Statew in more than two The terminal will be capable ofhandlingf grain, oilseeds and protein meals and feature a rail loop track unloading system capable of holding four 110-care trains. ITOCHU is the secons largest marketer of grain and food productasin Japan, and STX Pan Ocean of Korea ships agricultural products. Bunge has oilseed processing assets in an ownership stake in the Phu My port in Vietnanm and is a significant seller into theAsiann market. Bunge is the majority partnefr inthe project.
The grain terminal will creates about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice presidentf and general manager of Bunge Construction will begin this montnh with the facility accepting producf for the fall 2011 St. Louis-based Bunge North the North American operating arm ofWhit Plains, N.Y.-based (NYSE: BG), is a food and feed ingredientf company that operates grain elevators, grainh and oilseed processing plants, refineries and food processingv facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Ltd.
; Carl Hausmanbn is CEO of Bunge North
Called EGT Development, the projecgt will be the firstr export terminal built in the United Statew in more than two The terminal will be capable ofhandlingf grain, oilseeds and protein meals and feature a rail loop track unloading system capable of holding four 110-care trains. ITOCHU is the secons largest marketer of grain and food productasin Japan, and STX Pan Ocean of Korea ships agricultural products. Bunge has oilseed processing assets in an ownership stake in the Phu My port in Vietnanm and is a significant seller into theAsiann market. Bunge is the majority partnefr inthe project.
The grain terminal will creates about 50 jobs and provideabout $2 million in tax said Bailey Ragan, vice presidentf and general manager of Bunge Construction will begin this montnh with the facility accepting producf for the fall 2011 St. Louis-based Bunge North the North American operating arm ofWhit Plains, N.Y.-based (NYSE: BG), is a food and feed ingredientf company that operates grain elevators, grainh and oilseed processing plants, refineries and food processingv facilities in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Ltd.
; Carl Hausmanbn is CEO of Bunge North
Friday, December 21, 2012
Macy
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percent drop in same-store sales in April, comparee to analysts' projections of minus 7.5 percent, and upgraded its first-quarter profit outlook. The Cincinnati-based departmentt store chain (NYSE: M) said it expects a net loss in the fisca l quarter of 19 cents to 21 centx perdiluted share. That beats it own previousx expectations and those of analysts polled byThomsojn Reuters, who had projected a loss of 27 The merchant will report its first-quartetr earnings May 13.
Macy’s, like most has been vying for shoppers who have been pullintg back on discretionary spending during a time of massive job The retailersaid third-quarterd sales at stores open at least a year declinef by 9 percent. Total April salea declined to $1.7 billion from almost $1.9 billion a year ago, or 9.4 For the quarter, sales fell 9.5 to $5.2 billion from $5.7 billion. Analysts projectedf quarterly salesof $5.
24 Despite soft demand for apparel and housewares, Macy’s continuesd to be encouraged by results from its “My pilot program, launched one year ago, said spokesman Jim The program is designed to customize merchandise on a store-by-storse basis and was launched primarily in the Midwest, includingb in Cincinnati. “The stronger areas were the Midwest and he said. “The weaker areas include New York and the He said strong merchandise categoriexs included moderate sportswear for both menand dresses, women’s suits and Weaker categories included handbags and big-ticket such as furniture.
“Private labe l is performing very especially inthe women’sw categories,” Sluzewski said. WMT), for instance, posted a better-than-expected same-store saleas gain of 5 percent, not including fuel sales, while analysts expected it todeliver 2.9 Other department store chains were a mixeed bag. Dillard’s Inc. (NYSE: DDS) reportefd a 5 percent decrease, while analysts expected a dropof 9.2 (NYSE: SKS) said sales fell 32 percent, beloe the 30.5 percent projections. And JWN) said its sales slipped by 10.8 percent. (NYSE: TGT) said its same-store sales rose 0.3 percent, just shy of Net retail sales for the four weeks ended May 2were $4.4t5 billion, up 4.
5 percent from the comparable periodr last year. • (NYSE: GPS) said its same-store salea dipped by 4 percent, beatinv expectations of a 7.8 percent fall. Costco Wholesale Corp.'s comparable-store saleas at stores open a year or more fell 8 percen t last month compared with ayear earlier, the company April net sales at Costcoi fell 6 percent to $5.18 billion from $5.5r billion. • Nordstrom Inc. reported Apri sales fell by more than 6 percentto $561 million from $600 million a year earlier. Same-stores sales at stores open a year or morefell 10.8 percengt compared with April 2008.
percent drop in same-store sales in April, comparee to analysts' projections of minus 7.5 percent, and upgraded its first-quarter profit outlook. The Cincinnati-based departmentt store chain (NYSE: M) said it expects a net loss in the fisca l quarter of 19 cents to 21 centx perdiluted share. That beats it own previousx expectations and those of analysts polled byThomsojn Reuters, who had projected a loss of 27 The merchant will report its first-quartetr earnings May 13.
Macy’s, like most has been vying for shoppers who have been pullintg back on discretionary spending during a time of massive job The retailersaid third-quarterd sales at stores open at least a year declinef by 9 percent. Total April salea declined to $1.7 billion from almost $1.9 billion a year ago, or 9.4 For the quarter, sales fell 9.5 to $5.2 billion from $5.7 billion. Analysts projectedf quarterly salesof $5.
24 Despite soft demand for apparel and housewares, Macy’s continuesd to be encouraged by results from its “My pilot program, launched one year ago, said spokesman Jim The program is designed to customize merchandise on a store-by-storse basis and was launched primarily in the Midwest, includingb in Cincinnati. “The stronger areas were the Midwest and he said. “The weaker areas include New York and the He said strong merchandise categoriexs included moderate sportswear for both menand dresses, women’s suits and Weaker categories included handbags and big-ticket such as furniture.
“Private labe l is performing very especially inthe women’sw categories,” Sluzewski said. WMT), for instance, posted a better-than-expected same-store saleas gain of 5 percent, not including fuel sales, while analysts expected it todeliver 2.9 Other department store chains were a mixeed bag. Dillard’s Inc. (NYSE: DDS) reportefd a 5 percent decrease, while analysts expected a dropof 9.2 (NYSE: SKS) said sales fell 32 percent, beloe the 30.5 percent projections. And JWN) said its sales slipped by 10.8 percent. (NYSE: TGT) said its same-store sales rose 0.3 percent, just shy of Net retail sales for the four weeks ended May 2were $4.4t5 billion, up 4.
5 percent from the comparable periodr last year. • (NYSE: GPS) said its same-store salea dipped by 4 percent, beatinv expectations of a 7.8 percent fall. Costco Wholesale Corp.'s comparable-store saleas at stores open a year or more fell 8 percen t last month compared with ayear earlier, the company April net sales at Costcoi fell 6 percent to $5.18 billion from $5.5r billion. • Nordstrom Inc. reported Apri sales fell by more than 6 percentto $561 million from $600 million a year earlier. Same-stores sales at stores open a year or morefell 10.8 percengt compared with April 2008.
Thursday, December 20, 2012
bizjournals: Search Results
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's reputation among Bay Area venture capitalists and theireportfolio companies...... by on June 12, 2009 ...Heitel, said the Bank and by on February 6, 2009 ...named HRJ Capita l Holdings. The Santa Clara-based holdingf company for (NASDAQ: SIVB) said in a government filing that it has onDecember 18, 2008 ... officialzs this week marked the grand opening of the by onJune 27, 2008 ...evemn as shareholders explained the power of onlinwe communication. Bay Area investment are in the business of helping their institutional clients spot such by onFebruary 18, 2008 ...First Presidenrt and CEO Robert Holmes hesitates to join the choruw declaring that...... by on January 28, 2008 ...
SVv , a longtime specialist in commerciaol banking forthe region's by on January 16, 2008 ...SVB said Mondayt that it formed a dedicated practice for cleantech, the...... on January 14, 2008 ...Exelixi s Inc. and agreed to a $30 million equipmenrt loan facility, basically extending a...... on December 26, 2007 ...span three decades, including senior management and businesxs development postsat , Cupertino National Bank and Bridge Bank... by on Septembe 19, 2007 ...SVB Financial Group, the parenty of , said it will shut down its investmentybanking arm, SVB Alliant...... on July 20, 2007 ...totakl loans at $1 billion.
Comerica is a key rival of in courtingh venture capitalists and their portfolio Revenuein the...... by on May 11, 2007 ...SVBB Financial Group, the parent of , said Tuesday that its chief financial officer is resigningto return...... on Aprio 17, 2007 ...gases. "New Resource is in the right place at therighf time," said Roger Smith, former CEO of Bank and by on November 14, 2006 ...office. He was previously a vice presidentt and relationship managerwith 's technology lending The San Jose bank has offices on November 9, 2006 ...in San The also added prominent business leaders to its investor Roger Smith, former CEO of Bank and Mitch by on August 3, 2006 ...
SVB Financial Group, parent of , said that second-quarter earnings will take a hit due on July 17, 2006 ...Bank, who will be presidengt and CEO of the . Jones previously worked at Bank andComericas Bank. Daniel Yohannes, who was previously...... by on May 12, 2006 ...toi other facilities if a disaster shuts down BayArea , for instance, said earlierr this year that it will build a...... by on April 17, 2006 ... denies speculation that it's cutting jobs in costly California and......
by on Marcb 13, 2006
's reputation among Bay Area venture capitalists and theireportfolio companies...... by on June 12, 2009 ...Heitel, said the Bank and by on February 6, 2009 ...named HRJ Capita l Holdings. The Santa Clara-based holdingf company for (NASDAQ: SIVB) said in a government filing that it has onDecember 18, 2008 ... officialzs this week marked the grand opening of the by onJune 27, 2008 ...evemn as shareholders explained the power of onlinwe communication. Bay Area investment are in the business of helping their institutional clients spot such by onFebruary 18, 2008 ...First Presidenrt and CEO Robert Holmes hesitates to join the choruw declaring that...... by on January 28, 2008 ...
SVv , a longtime specialist in commerciaol banking forthe region's by on January 16, 2008 ...SVB said Mondayt that it formed a dedicated practice for cleantech, the...... on January 14, 2008 ...Exelixi s Inc. and agreed to a $30 million equipmenrt loan facility, basically extending a...... on December 26, 2007 ...span three decades, including senior management and businesxs development postsat , Cupertino National Bank and Bridge Bank... by on Septembe 19, 2007 ...SVB Financial Group, the parenty of , said it will shut down its investmentybanking arm, SVB Alliant...... on July 20, 2007 ...totakl loans at $1 billion.
Comerica is a key rival of in courtingh venture capitalists and their portfolio Revenuein the...... by on May 11, 2007 ...SVBB Financial Group, the parent of , said Tuesday that its chief financial officer is resigningto return...... on Aprio 17, 2007 ...gases. "New Resource is in the right place at therighf time," said Roger Smith, former CEO of Bank and by on November 14, 2006 ...office. He was previously a vice presidentt and relationship managerwith 's technology lending The San Jose bank has offices on November 9, 2006 ...in San The also added prominent business leaders to its investor Roger Smith, former CEO of Bank and Mitch by on August 3, 2006 ...
SVB Financial Group, parent of , said that second-quarter earnings will take a hit due on July 17, 2006 ...Bank, who will be presidengt and CEO of the . Jones previously worked at Bank andComericas Bank. Daniel Yohannes, who was previously...... by on May 12, 2006 ...toi other facilities if a disaster shuts down BayArea , for instance, said earlierr this year that it will build a...... by on April 17, 2006 ... denies speculation that it's cutting jobs in costly California and......
by on Marcb 13, 2006
Wednesday, December 19, 2012
ARI 3Q profits fall - The Business Journal of Milwaukee:
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Milwaukee-based ARI (OTCBB: a provider of electronic parts catalogs for the manufactureddequipment markets, said net income for the quartere ended April 30 fell 47.1 percenyt to $226,000, or 3 cents per share, compared with or 6 cents per share, for the same period a year ago. Befores income taxes and other operating incomefell 34.9 percent to $278,000 from $427,000. Revenue increased to $4.17 million from $4.165 million. The firm reported strong sales of new marketinhg services and high levels of renewals for marketingh services andcatalog subscriptions, said president and CEO Roy A decline in professional services revenue partiallyg offset those sales gains.
For the nine monthsa ended April 30, net income fell 46.5 percentg to $538,000, or 8 cents per compared with $1.01 million, or 14 cents per the year before. Revenue decreased 2.5 percent to $12.29 milliobn from $12.6 million.
Milwaukee-based ARI (OTCBB: a provider of electronic parts catalogs for the manufactureddequipment markets, said net income for the quartere ended April 30 fell 47.1 percenyt to $226,000, or 3 cents per share, compared with or 6 cents per share, for the same period a year ago. Befores income taxes and other operating incomefell 34.9 percent to $278,000 from $427,000. Revenue increased to $4.17 million from $4.165 million. The firm reported strong sales of new marketinhg services and high levels of renewals for marketingh services andcatalog subscriptions, said president and CEO Roy A decline in professional services revenue partiallyg offset those sales gains.
For the nine monthsa ended April 30, net income fell 46.5 percentg to $538,000, or 8 cents per compared with $1.01 million, or 14 cents per the year before. Revenue decreased 2.5 percent to $12.29 milliobn from $12.6 million.
Monday, December 17, 2012
Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Minneapolis / St. Paul Business Journal:
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NHL court filings with the U.S Bankruptcyg Court handling the Coyotes Chapter 11 bankruptct protection include a list of possibles owners that would keep the teamin Arizona. They Howard Sokolowski and David Cynamon, owneras of the Canadian Football League's Toronto Chicago White Sox ownerJerry Reinsdorf; Coyotes minority owner John Breslow; and an unnamed Phoenix-arew business executive as possible bidders. Research in Motion CEO Jim Balsillie already hasa $213 million offer on the tablse for the Coyotes and would move the team to Ontario. The Coyotes have lost $316 million since moving to the Phoenix marketfrom Winnipeg, Canada, in 1996.
Balsillie's offer is expectee to be substantially greater than any offere to keep the teamin Glendale. RIM makesd Blackberry smartphones and Balsillie is a billionairde who has made offers for other NHL The NHL also got more legall back up Fridayfrom , the and Nationa Basketball Assocation. The professional sportd leagues argue in court filings that they should have control overfranchisez sales, moves and relocationsz in order to maintain the economic viability of their The NHL opposes Balsillie's effort to move the Phoeni franchise back to Canada.
Coyotes owner Jerry Moyesz also said in June 5 court filings thata $100 milion cash infusiobn he has put into the team should be treatedc as a debt the hockey team's reorganizationb should reimburse him for. Moyeas wants to sell the Coyotes to Balsilliwe who contends hockey is not financiallty viablein Glendale. Moyes' court filings also downplayeeda $750 million lease penalty the city of Glendale could file for if the Coyotes break theird 30-year lease at Jobing.com Arena. Moyes and Balsillie want the bankruptcyu court to discharge the lease as part ofthe team'w Chapter 11.
NHL court filings with the U.S Bankruptcyg Court handling the Coyotes Chapter 11 bankruptct protection include a list of possibles owners that would keep the teamin Arizona. They Howard Sokolowski and David Cynamon, owneras of the Canadian Football League's Toronto Chicago White Sox ownerJerry Reinsdorf; Coyotes minority owner John Breslow; and an unnamed Phoenix-arew business executive as possible bidders. Research in Motion CEO Jim Balsillie already hasa $213 million offer on the tablse for the Coyotes and would move the team to Ontario. The Coyotes have lost $316 million since moving to the Phoenix marketfrom Winnipeg, Canada, in 1996.
Balsillie's offer is expectee to be substantially greater than any offere to keep the teamin Glendale. RIM makesd Blackberry smartphones and Balsillie is a billionairde who has made offers for other NHL The NHL also got more legall back up Fridayfrom , the and Nationa Basketball Assocation. The professional sportd leagues argue in court filings that they should have control overfranchisez sales, moves and relocationsz in order to maintain the economic viability of their The NHL opposes Balsillie's effort to move the Phoeni franchise back to Canada.
Coyotes owner Jerry Moyesz also said in June 5 court filings thata $100 milion cash infusiobn he has put into the team should be treatedc as a debt the hockey team's reorganizationb should reimburse him for. Moyeas wants to sell the Coyotes to Balsilliwe who contends hockey is not financiallty viablein Glendale. Moyes' court filings also downplayeeda $750 million lease penalty the city of Glendale could file for if the Coyotes break theird 30-year lease at Jobing.com Arena. Moyes and Balsillie want the bankruptcyu court to discharge the lease as part ofthe team'w Chapter 11.
Saturday, December 15, 2012
Campaigner Named as ACT's Aussie of the Year - Pro Bono Australia
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Campaigner Named as ACT's Aussie of the Year Pro Bono Australia Finalists for the ACT Australian of the Year included Gordon Gregory OAM â€" rural health advocate, Libby Lloyd AM â€" human rights activist and Dr Ken Henry AC â€" government advisor. “The Australian of the Year Awards allows us to take time to focus on the ... |
Thursday, December 13, 2012
Dyadic settles lawsuit, signs licensing deal - South Florida Business Journal:
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The deal, announced Wednesday, puts Dyadic’sw research relationship developing biofuelzs withthe St. Louis-based company back on The companies hope the work will lead to an efficient way to producecellulosic ethanol, which comes from agricultural waste, rathedr than food crops. Abengoz signed a research and development agreemenft to workwith Dyadic’s C1 technology platforj in 2006, and invested $10 millionn in Dyadic (Pink Sheets: stock. However, Dyadic's board firede founder and CEO Mark Emalfarb in 2007 amid anaccountinb scandal.
Abengoa then filed a lawsuit in Palm Beach Countyu Circuit Court for breachof contract, alleging that its investment was based on false financial Emalfarb, Dyadic’s largest shareholder, regainec his position as CEO last June after winning a legal challenge and a shareholder vote. Dyadic againsrt the law firms and accounting alleging they were responsible for improperly removing Emalfarv and harmingthe company. Meanwhile, Emalfarb has set out to repairf the relationshipsat Dyadic. On April 20, the company said it receivee thefirst $10 millio from Redwood City, Calif.-based Codexis under a non-exclusive licensing deal for C1. Codexis also is working with ondevelopiny biofuels.
Emalfarb said he could not reveakl the financial terms of thenew non-exclusivwe licensing deal for the same technology with However, he said Dyadic could earn facility fees and royalthy fees should Abengoa commercialize the technology. “This is more validationb that the science has continued tomove forward,” Emalfarb said. “The y will take the technology from this poinf and move it either on their own or with helpfrom
The deal, announced Wednesday, puts Dyadic’sw research relationship developing biofuelzs withthe St. Louis-based company back on The companies hope the work will lead to an efficient way to producecellulosic ethanol, which comes from agricultural waste, rathedr than food crops. Abengoz signed a research and development agreemenft to workwith Dyadic’s C1 technology platforj in 2006, and invested $10 millionn in Dyadic (Pink Sheets: stock. However, Dyadic's board firede founder and CEO Mark Emalfarb in 2007 amid anaccountinb scandal.
Abengoa then filed a lawsuit in Palm Beach Countyu Circuit Court for breachof contract, alleging that its investment was based on false financial Emalfarb, Dyadic’s largest shareholder, regainec his position as CEO last June after winning a legal challenge and a shareholder vote. Dyadic againsrt the law firms and accounting alleging they were responsible for improperly removing Emalfarv and harmingthe company. Meanwhile, Emalfarb has set out to repairf the relationshipsat Dyadic. On April 20, the company said it receivee thefirst $10 millio from Redwood City, Calif.-based Codexis under a non-exclusive licensing deal for C1. Codexis also is working with ondevelopiny biofuels.
Emalfarb said he could not reveakl the financial terms of thenew non-exclusivwe licensing deal for the same technology with However, he said Dyadic could earn facility fees and royalthy fees should Abengoa commercialize the technology. “This is more validationb that the science has continued tomove forward,” Emalfarb said. “The y will take the technology from this poinf and move it either on their own or with helpfrom
Wednesday, December 12, 2012
Stanford, Canary Foundation plan $20M cancer center - Kansas City Business Journal:
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Canary Foundation is pledging $15 million toware the center, doubling its earlied commitment to support early detection research at the Themedical school, together with the school's Departmengt of Radiology, is committing $5 millionj through faculty recruitments, research facilities, and othed infrastructure. The center will be led by Dr. Sanjig Sam Gambhir and will include new facultyu hires in both ex vivo and invivo diagnostics.
The centetr is located in a newly renovated Schoolk of Medicine building on California Avenue in Palo Alto and it will have stronb ties to the NationalCancer Institute-designated Stanforf Cancer Center with a view towardes translating the early detection research into clinical Canary Foundation is a non-profit dedicated to the goal of identifyinfg cancer early through a simple blood test and then isolating it with imaging.
Sincre 2004, Canary has raised over $30 million to support early detection
Canary Foundation is pledging $15 million toware the center, doubling its earlied commitment to support early detection research at the Themedical school, together with the school's Departmengt of Radiology, is committing $5 millionj through faculty recruitments, research facilities, and othed infrastructure. The center will be led by Dr. Sanjig Sam Gambhir and will include new facultyu hires in both ex vivo and invivo diagnostics.
The centetr is located in a newly renovated Schoolk of Medicine building on California Avenue in Palo Alto and it will have stronb ties to the NationalCancer Institute-designated Stanforf Cancer Center with a view towardes translating the early detection research into clinical Canary Foundation is a non-profit dedicated to the goal of identifyinfg cancer early through a simple blood test and then isolating it with imaging.
Sincre 2004, Canary has raised over $30 million to support early detection
Tuesday, December 11, 2012
Christmas songs advent calendar: Day 11. Saint Etienne - I Was Born on ... - Telegraph.co.uk
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Telegraph.co.uk | Christmas songs advent calendar: Day 11. Saint Etienne - I Was Born on ... Telegraph.co.uk Most Brit Poppers were too cool for school to release a Christmas song, but it was a perfect subject for the sweetly nostalgic Saint Etienne in 1993. Tim Burgess from the Charlatans duets with Sarah Cracknell on a wistfully romantic but strange number ... |
Sunday, December 9, 2012
N.Y attorney general ends BofA probe - Business First of Buffalo:
sunrise-invoices.blogspot.com
Cuomo says the banks have and will continue to providre liquidityto investors. Last October, agreed to buy back as much as $4.7 billiobn in auction-rate securities it sold to about 5,50o0 investors, small businesses and smal charities before the market collapsedx inFebruary 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best to provide up to $5 billionn in liquidity to businesses and institutionak investors with accounts valued at $15 million or and charities with accounts valued at $25 millionj or more.
The agreement resolved allegations that securities dealers made misrepresentations to customers duringy salesof auction-rate securities aboutg their safety and liquidity. Auction-rate securities have interest ratexs that are reset at weekly or monthlyt auctions run by investment The $330 billion market collapsed last year, when investors becamr alarmed at the prospects of the abilitty of corporate borrowers covering debt service on the securities. Many were left with securitiesw they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing.
The SEC also has finalized a settlement with BofA overthe
Cuomo says the banks have and will continue to providre liquidityto investors. Last October, agreed to buy back as much as $4.7 billiobn in auction-rate securities it sold to about 5,50o0 investors, small businesses and smal charities before the market collapsedx inFebruary 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best to provide up to $5 billionn in liquidity to businesses and institutionak investors with accounts valued at $15 million or and charities with accounts valued at $25 millionj or more.
The agreement resolved allegations that securities dealers made misrepresentations to customers duringy salesof auction-rate securities aboutg their safety and liquidity. Auction-rate securities have interest ratexs that are reset at weekly or monthlyt auctions run by investment The $330 billion market collapsed last year, when investors becamr alarmed at the prospects of the abilitty of corporate borrowers covering debt service on the securities. Many were left with securitiesw they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing.
The SEC also has finalized a settlement with BofA overthe
Friday, December 7, 2012
Britain Sees Decline in Christmas Birds Like Doves - ABC News
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Britain Sees Decline in Christmas Birds Like Doves ABC News Britain's Royal Society for Protection of Birds says the two icons of the Christmas song â€" grey partridges and turtle doves â€" are in alarming decline. It said authorities should act to prevent them from becoming just distant memories within the famed ... |
Wednesday, December 5, 2012
U wants to ban alcohol from stadium - Washington Business Journal:
erofeyporgrinin.blogspot.com
Earlier plans for the which will hold its first Gophers football gameon 12, would have allowed alcohol sales in the more expensivr premium seating, but not in generapl seating. Bruininks’ move comes aftedr the Minnesota Legislatureand Gov. Tim Pawlenty made a new law requiriny thatall of-age game attendees have equal access to “Unfortunately, this new legislation leaves us with only two to become the only Big Ten campuds in the country to sell alcohoo throughout its football stadium, or to not sell alcoholk at all,” said Bruininks in a statement. “Outr values do not change even if ourpland must.
We have never sold alcoholp at student-oriented on-campus events in the past, and I do not recommenx we start now.” The university’s Boare of Regents will consider the proposal and will likely take action at a June 24 If the regentsapprovwe Bruininks’ request, Williams Arena and Mariucci Arena will also be alcohol-free on game Currently, alcohol is served in some aread of those arenas on game day. The universithy acknowledged the alcohol ban will have somefinancial impact, but it has not yet assesse d how much.
Earlier plans for the which will hold its first Gophers football gameon 12, would have allowed alcohol sales in the more expensivr premium seating, but not in generapl seating. Bruininks’ move comes aftedr the Minnesota Legislatureand Gov. Tim Pawlenty made a new law requiriny thatall of-age game attendees have equal access to “Unfortunately, this new legislation leaves us with only two to become the only Big Ten campuds in the country to sell alcohoo throughout its football stadium, or to not sell alcoholk at all,” said Bruininks in a statement. “Outr values do not change even if ourpland must.
We have never sold alcoholp at student-oriented on-campus events in the past, and I do not recommenx we start now.” The university’s Boare of Regents will consider the proposal and will likely take action at a June 24 If the regentsapprovwe Bruininks’ request, Williams Arena and Mariucci Arena will also be alcohol-free on game Currently, alcohol is served in some aread of those arenas on game day. The universithy acknowledged the alcohol ban will have somefinancial impact, but it has not yet assesse d how much.
Tuesday, December 4, 2012
Best Overseas Retirement Options For 2013 - U.S. News & World Report (blog)
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Best Overseas Retirement Options For 2013 U.S. News & World Report (blog) The world's top retirement haven? In truth, there's no such thing. There are many appealing options for a new life in retirement overseas. Considering them can leave you feeling spoiled for choice, and overwhelmed when trying to make a decision. It ... |
Monday, December 3, 2012
Hawaiian Telcom files reorganization plan - Pacific Business News (Honolulu):
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The company, which filed for Chapted 11 bankruptcyin December, said the steeringy committee representing those who hold claims under the company’ds secured credit agreement supports the plan. “Ther filing of the plan and disclosuree statement is an important achievement in ourrestructuriny efforts,” said Eric K. Yeaman, Hawaiian Telcom’s presidenft and CEO, in a statement. “The plan provides for a significantlh deleveragedcapital structure, and the terms of the new debt give us greatef financial flexibility to executde our business plan and invesf in new products, better positioningh the company for future success.
” A hearing to consider approval of the disclosure statement has been tentativel scheduled for July 23. The plan includes the conversion ofapproximately $590 million of the company’a senior secured credit facility and swap liabilitieas into the new equity of the reorganizeds company and a new $300 millionh senior secured term loan maturing in five Holders of $350 million in senior notess will get warrants to buy 12.75 percent of the reorganized company’s new equity and subscriptio n rights to buy new equity up to $50 million.
The compangy said it expects to emerge from Chapte r 11with $30 million undrawn revolvinbg credit facility and at least $45 million of cash on Hawaiian Telcom is owned by , a D.C.-based private equity group. Carlylde bought the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosurer statementare .
The company, which filed for Chapted 11 bankruptcyin December, said the steeringy committee representing those who hold claims under the company’ds secured credit agreement supports the plan. “Ther filing of the plan and disclosuree statement is an important achievement in ourrestructuriny efforts,” said Eric K. Yeaman, Hawaiian Telcom’s presidenft and CEO, in a statement. “The plan provides for a significantlh deleveragedcapital structure, and the terms of the new debt give us greatef financial flexibility to executde our business plan and invesf in new products, better positioningh the company for future success.
” A hearing to consider approval of the disclosure statement has been tentativel scheduled for July 23. The plan includes the conversion ofapproximately $590 million of the company’a senior secured credit facility and swap liabilitieas into the new equity of the reorganizeds company and a new $300 millionh senior secured term loan maturing in five Holders of $350 million in senior notess will get warrants to buy 12.75 percent of the reorganized company’s new equity and subscriptio n rights to buy new equity up to $50 million.
The compangy said it expects to emerge from Chapte r 11with $30 million undrawn revolvinbg credit facility and at least $45 million of cash on Hawaiian Telcom is owned by , a D.C.-based private equity group. Carlylde bought the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosurer statementare .
Saturday, December 1, 2012
Report: Sunbelt states may outpace recovery - Jacksonville Business Journal:
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Though the quarterly economic repor issued June 23 by notedthat “thed worst is behind us,” each state’s recovery will hingwe on how well that state is able to assimilatde its portion of the federal stimulus among other factors. “At the moment, the economy is stilll contracting, so we expect to see negativde GDP growth in theseconsd quarter, but at a slowee pace than in (the first said Nathaniel Karp, the bank’z U.S. chief economist.
“Consumption, however, is expecte to lead the resurgence in economidc activity in the seconrd half of the but the highunemployment rate, the greater propensit to save and the high degree of uncertaintyu regarding the impact of the fiscalo stimulus package could present riskz to this scenario.” The study covered economic activity in Arizona, Colorado, Florida, Alabama and New Mexico, the six statez in which BBVA Compass operates.
Though the quarterly economic repor issued June 23 by notedthat “thed worst is behind us,” each state’s recovery will hingwe on how well that state is able to assimilatde its portion of the federal stimulus among other factors. “At the moment, the economy is stilll contracting, so we expect to see negativde GDP growth in theseconsd quarter, but at a slowee pace than in (the first said Nathaniel Karp, the bank’z U.S. chief economist.
“Consumption, however, is expecte to lead the resurgence in economidc activity in the seconrd half of the but the highunemployment rate, the greater propensit to save and the high degree of uncertaintyu regarding the impact of the fiscalo stimulus package could present riskz to this scenario.” The study covered economic activity in Arizona, Colorado, Florida, Alabama and New Mexico, the six statez in which BBVA Compass operates.
Thursday, November 29, 2012
'Fiesta' event raises $152,000 for Child Crisis Center - Phoenix Business Journal:
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The event, held at Ocotillol Golf Resort, raised $152,000o for the nonprofit, which helps children and familieein need. The organization also funds programs to preventr child abuseand neglect. For more: . Farmers Insurance Group agent Craig S. Barnes recently donated $2,000 on behalf of Farmers Insurancde to Operation Wounded Warrior tobenefig U.S. soldiers, sailors and Marines who have been woundex during their service in Iraq or The hosteda Sister-to-Sister/Go Red nighty last month during the home game vs. Seattlew Supersonics at US Airwayse Center.
The event was one part of the WNBA's heart healthh platform that includes, free 15-minute heart screening to measure women's cholesterol, blood pressure, blood glucose levelse and bodymass index. Salt River Projecrt volunteersdonated $2,600 to Unitedr Cerebral Palsy of Centra l Arizona to pay for damagd done by thieves who stole copper valvees and pipes from the nonprofit'e day care center in north Phoenix. The theft shut down the centere fora day, stranding many of the special needx children who use its services. Professional Medical a Tempe-based ambulance service provider, donated 45 automatic externao defibrillators to be installed in city of Scottsdalrepolice cars.
PMT made the donation throughgthe , as part of an efforty to curb cardiac deaths. Najafi Cos., a Phoenix investment firm, has agreedd to invest in the launchof good2gether, a new online network that promotes nonprofitw and connects them with media and Red Mountain High School and Salk Elementary School in Mesa receiverd a national award from the for their children's literacty program. The schools, whicuh partnered to create the received the Program Excellence Honors award at a ceremonyg last weekin Washington. Their's was one of 25 programs honored throughoutthe country.
A $20,000 office renovation funded by Goodmanse Interior Structures will be awarded to the most dedicated leadef of a Maricopa County nonprofit organizatiojn for the Goodmans Eye for the Good Guy The office renovation includes office furniture and othert interiorconstruction products. The "Good winner will be selected from a combinationn vote by the public and a pane oflocal judges. The publicx can vote among 10 distinguishedx finalists throughJune 30. The winnerd will be featured in a variety of ads this For more: . The Lodestar Foundation wants to inspire more nonprofitx to work together to increase the impact of theifrphilanthropic work.
That's why the nonprofit is launchin gits first-ever The Collaboration Prize, recognizing collaborationb between nonprofits. A panel of judgew will select eight and the grand prize winnerd willreceive $250,000 to use for charitable purposes. The Lodestatr Foundation is accepting nominations throughbJuly 21. For more: . The is seekingg entries for a Sept. 15 fundraising golf tournament at Desert ForestyGolf Club. The tournament is sponsored by , , Sagewoocd Retirement Community, Tuscany at McCormick Rancg and ScullyTransportation Services. Individuall entrance fees are $150. For more: Arizona Women's Education & Employment will host its 14th annuao Faces ofSuccess Luncheon, Nov.
6 to raise fundss for career training programs for Tickets forthe event, which is sponsore by Wells Fargo, cost $75 per personn or $1,250 for corporate For more: .
The event, held at Ocotillol Golf Resort, raised $152,000o for the nonprofit, which helps children and familieein need. The organization also funds programs to preventr child abuseand neglect. For more: . Farmers Insurance Group agent Craig S. Barnes recently donated $2,000 on behalf of Farmers Insurancde to Operation Wounded Warrior tobenefig U.S. soldiers, sailors and Marines who have been woundex during their service in Iraq or The hosteda Sister-to-Sister/Go Red nighty last month during the home game vs. Seattlew Supersonics at US Airwayse Center.
The event was one part of the WNBA's heart healthh platform that includes, free 15-minute heart screening to measure women's cholesterol, blood pressure, blood glucose levelse and bodymass index. Salt River Projecrt volunteersdonated $2,600 to Unitedr Cerebral Palsy of Centra l Arizona to pay for damagd done by thieves who stole copper valvees and pipes from the nonprofit'e day care center in north Phoenix. The theft shut down the centere fora day, stranding many of the special needx children who use its services. Professional Medical a Tempe-based ambulance service provider, donated 45 automatic externao defibrillators to be installed in city of Scottsdalrepolice cars.
PMT made the donation throughgthe , as part of an efforty to curb cardiac deaths. Najafi Cos., a Phoenix investment firm, has agreedd to invest in the launchof good2gether, a new online network that promotes nonprofitw and connects them with media and Red Mountain High School and Salk Elementary School in Mesa receiverd a national award from the for their children's literacty program. The schools, whicuh partnered to create the received the Program Excellence Honors award at a ceremonyg last weekin Washington. Their's was one of 25 programs honored throughoutthe country.
A $20,000 office renovation funded by Goodmanse Interior Structures will be awarded to the most dedicated leadef of a Maricopa County nonprofit organizatiojn for the Goodmans Eye for the Good Guy The office renovation includes office furniture and othert interiorconstruction products. The "Good winner will be selected from a combinationn vote by the public and a pane oflocal judges. The publicx can vote among 10 distinguishedx finalists throughJune 30. The winnerd will be featured in a variety of ads this For more: . The Lodestar Foundation wants to inspire more nonprofitx to work together to increase the impact of theifrphilanthropic work.
That's why the nonprofit is launchin gits first-ever The Collaboration Prize, recognizing collaborationb between nonprofits. A panel of judgew will select eight and the grand prize winnerd willreceive $250,000 to use for charitable purposes. The Lodestatr Foundation is accepting nominations throughbJuly 21. For more: . The is seekingg entries for a Sept. 15 fundraising golf tournament at Desert ForestyGolf Club. The tournament is sponsored by , , Sagewoocd Retirement Community, Tuscany at McCormick Rancg and ScullyTransportation Services. Individuall entrance fees are $150. For more: Arizona Women's Education & Employment will host its 14th annuao Faces ofSuccess Luncheon, Nov.
6 to raise fundss for career training programs for Tickets forthe event, which is sponsore by Wells Fargo, cost $75 per personn or $1,250 for corporate For more: .
Tuesday, November 27, 2012
bizjournals: What 20 top jobs pay -- bizjournals.com
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Geography can explain a lot about pay. Financial managers do better in Conn., and nearby New York City than anywhere That standsto reason, since New York is the nation'a financial capital. But not all of the highest-paying, upscaler jobs are found in the nation'sd largest metros, according to a new Bizjournals Greensboro, N.C. -- highesg average pay for dentistsat $189,560. Mass. -- highest average pay for family doctordat $176,370. Dayton, Ohio -- highest averag e highest pay for optometristsat $161,930. The Bizjournals studgy compared the average salaries for20 high-payinf occupations in 75 major metropolitan areas, usingv raw data from the U.S. Burea u of Labor Statistics.
Detailed profiles of all 20 occupations covered by the studh can beviewed . And what the 20 occupations pay in the 75 metros begins . The study refutes the stereotypethat high-paying jobs are concentrated in the nation's largest metropolitanh areas. Tiny Albany, N.Y., for outperforms New York City infive categories. The typicall Albany surgeon earns 8 percent more than his or her counterparrt in the big city 150 miles to the Albany offers higher salaries than New York City forchemicall engineers, college administrators, dentists and family too. The study demonstrates the importance ofcomparing cost-of-living differences between two markets.
Chemicak engineers in Los Angeles earn 3 percent less than workers in the same fielr in NewYork City. But it costs 9 percen less to live in suburbanbOrange County, Calif., than on Long Island, according to That means the typical chemical engineer actuallyu gets more for the buck in the Los Angeles area. Bizjournals focused on 20 occupationes that offer high wages to sizable pools of Each job fits into the top 10 percent of the nationalpay scale, as well as the upper half in term s of total employment. The study group consisted of America'w 75 largest metropolitan areas, ranging from New York City with 18.8 millioh residents to Greensboro, N.C., with 680,000.
The group'sd total population was 182 million, about 60 percent of the nationao total. All figures used in the studyy were collected last year bythe U.S. Bureauj of Labor Statistics. The bureau's occupational profilees can be accessed at San Jose has the highesg salary levels in seven of the 20 They are: chief executives, computedr and information systems managers, electrical industrial production managers, lawyers, marketing managers, and sales Bridgeport-Stamford is the only other metro to lead more than a singler category. It is No.
1 on five pay scales: construction financial managers, general and operations managers, public relations and securities and financial servicessalezs agents. The 20 occupations coveredc by Bizjournals' study are concentrated in the managerial, technical and medical fields. All but one category is led by a metrk with an average salaryabove $100,000. Electrical engineerse are the exception, topping out at $94,33p in San Jose.
The most competitive categories are chief executives and where the average salaries for all metros reach six San Jose leads chief executivesat $179,720, whilwe Charlotte is first for surgeons at
Geography can explain a lot about pay. Financial managers do better in Conn., and nearby New York City than anywhere That standsto reason, since New York is the nation'a financial capital. But not all of the highest-paying, upscaler jobs are found in the nation'sd largest metros, according to a new Bizjournals Greensboro, N.C. -- highesg average pay for dentistsat $189,560. Mass. -- highest average pay for family doctordat $176,370. Dayton, Ohio -- highest averag e highest pay for optometristsat $161,930. The Bizjournals studgy compared the average salaries for20 high-payinf occupations in 75 major metropolitan areas, usingv raw data from the U.S. Burea u of Labor Statistics.
Detailed profiles of all 20 occupations covered by the studh can beviewed . And what the 20 occupations pay in the 75 metros begins . The study refutes the stereotypethat high-paying jobs are concentrated in the nation's largest metropolitanh areas. Tiny Albany, N.Y., for outperforms New York City infive categories. The typicall Albany surgeon earns 8 percent more than his or her counterparrt in the big city 150 miles to the Albany offers higher salaries than New York City forchemicall engineers, college administrators, dentists and family too. The study demonstrates the importance ofcomparing cost-of-living differences between two markets.
Chemicak engineers in Los Angeles earn 3 percent less than workers in the same fielr in NewYork City. But it costs 9 percen less to live in suburbanbOrange County, Calif., than on Long Island, according to That means the typical chemical engineer actuallyu gets more for the buck in the Los Angeles area. Bizjournals focused on 20 occupationes that offer high wages to sizable pools of Each job fits into the top 10 percent of the nationalpay scale, as well as the upper half in term s of total employment. The study group consisted of America'w 75 largest metropolitan areas, ranging from New York City with 18.8 millioh residents to Greensboro, N.C., with 680,000.
The group'sd total population was 182 million, about 60 percent of the nationao total. All figures used in the studyy were collected last year bythe U.S. Bureauj of Labor Statistics. The bureau's occupational profilees can be accessed at San Jose has the highesg salary levels in seven of the 20 They are: chief executives, computedr and information systems managers, electrical industrial production managers, lawyers, marketing managers, and sales Bridgeport-Stamford is the only other metro to lead more than a singler category. It is No.
1 on five pay scales: construction financial managers, general and operations managers, public relations and securities and financial servicessalezs agents. The 20 occupations coveredc by Bizjournals' study are concentrated in the managerial, technical and medical fields. All but one category is led by a metrk with an average salaryabove $100,000. Electrical engineerse are the exception, topping out at $94,33p in San Jose.
The most competitive categories are chief executives and where the average salaries for all metros reach six San Jose leads chief executivesat $179,720, whilwe Charlotte is first for surgeons at
Monday, November 26, 2012
Review: John Surman at LJF 2012 - Jazz Journal
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Jazz Journal | Review: John Surman at LJF 2012 Jazz Journal John Surman's latest venture is an intriguing work for male voice choir, piano and saxophones. Jointly commissioned by BBC Radio 3 and the Huddersfield Contemporary Music Festival, Lifelines was premiered in Huddersfield on Saturday 17 November and ... London Jazz Festival sings the praises of local choir |
Saturday, November 24, 2012
Giving Back: Mike Tyson Launches Children's Foundation - News One
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News One | Giving Back: Mike Tyson Launches Children's Foundation News One Former world heavyweight boxing champ Mike Tyson (pictured) has traveled quite a road from fighter, spousal abuser and convicted rapist, to ear biter, pigeon lover, actor and now, children's philanthropist. And to prove it, Tyson has launched his very ... Mike Tyson cares, launches Mike Tyson cares Foundation |
Thursday, November 22, 2012
Monday, November 19, 2012
At Edward Jones, profits, pay slide - Kansas City Business Journal:
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The filing also said the Edward Jones operations in Canada andthe U.K. are not profitable and may nevee be, and the estimated cost of its headquarter s redevelopment has risenby $95 to $355 million. Jim Weddle, managing partner and chiet executive, received total compensation of $6.66 million, down 38 percentr from $10.78 million in 2007. Steve former chief financial officer, received $4.57 down 43 percent from $8.08 Gary Reamey, general partnerf in charge ofCanadian operations, received $5.48 down 43 percent from $9.67 million. Norman Eaker, general partner in charge of firm received $5.37 million, down 38 percentr from $8.61 million.
Brett Campbell, general partner in charge ofclient solutions, received $5.2y million, down 33 percent from $7.9 million. Noviik retired Jan. 1 and has been succeeded by Kevin Bastien. Like most financial services Edward Jones is feeling the effectsw of themarket “Although Edward Jones is a special case it’s a privately held partnership, not a publicly held corporation what you see at Edwardr Jones is what you see with any companty in the financial sector,” said Brian chairman of the finance department at ’ws .
“Since performance in the financiak sectorwas abysmal, bonuses are Even though it’s a private company, Edwar d Jones must file with the SEC because it has so many shareholdeer partners: 337 general partners and 11,000 limited partners. “Our partners are compensatecd based on the capital they have investesd inthe firm, and the returhn to them is based on the profity we return,” said John Boul, manager of global medi a relations for Edward Total compensation for the top executiveas is primarily net income allocated to general partners, but it also includesx smaller amounts in deferred compensationn and base salary.
Weddle’s base salary is the base salaries of the other fourare $175,000 each. The Edwarxd Jones partnership’s profit margin based on incomd before allocations to partners decreasedfrom 12.3 percenty in 2007 to 8.1 percent in 2008. Net revenue decreasex 7 percent, or $287.8 million, to nearly $3.9 and income before allocation to partners decreased39 percent, or $196.5 million, to $311.8 “The partnership’s decrease in net revenues was primarily due to reducerd trade revenue, net interest income, asset fees and othed revenue, partially offset by an increase in account and activityh fee revenue,” the compant said in the SEC filing.
Commissionn revenue decreased 15 percent, or $271.56 million, to $1.6 billion. “When are the bigger bonuses goinh tocome back? When the financial marketzs come back,” Betker said. “Anyone who says they know is makingv awild guess.” Edward Jones, with 40,000 employees, added 953 financial advisers in 2008, for a total of a 9 percent It had 10,878 branch offices as of Feb. 27, and planz to add as many as 500additionaol branches, each staffed by a financial adviser and an by the end of the year. Of the current 9,978 are in the U.S., 602 are in Canada, and 298 are in the U.K. But the operations are money losers.
“The partnership’s foreign operations are not yet they will require significant infusions of capital and may neverbecome profitable,” the filiny said. The company also disclosed that the cost of its West Count expansion has risento $355 million. “Ther $260 million estimate was based on real estatweand buildings, not what goes inside,” Boul said. “Ift did not include furniture, fixtures and such as computers andother technology. It’ not a bad thing; it’s an investment. We’llo be better-positioned when the economh improves.
”
The filing also said the Edward Jones operations in Canada andthe U.K. are not profitable and may nevee be, and the estimated cost of its headquarter s redevelopment has risenby $95 to $355 million. Jim Weddle, managing partner and chiet executive, received total compensation of $6.66 million, down 38 percentr from $10.78 million in 2007. Steve former chief financial officer, received $4.57 down 43 percent from $8.08 Gary Reamey, general partnerf in charge ofCanadian operations, received $5.48 down 43 percent from $9.67 million. Norman Eaker, general partner in charge of firm received $5.37 million, down 38 percentr from $8.61 million.
Brett Campbell, general partner in charge ofclient solutions, received $5.2y million, down 33 percent from $7.9 million. Noviik retired Jan. 1 and has been succeeded by Kevin Bastien. Like most financial services Edward Jones is feeling the effectsw of themarket “Although Edward Jones is a special case it’s a privately held partnership, not a publicly held corporation what you see at Edwardr Jones is what you see with any companty in the financial sector,” said Brian chairman of the finance department at ’ws .
“Since performance in the financiak sectorwas abysmal, bonuses are Even though it’s a private company, Edwar d Jones must file with the SEC because it has so many shareholdeer partners: 337 general partners and 11,000 limited partners. “Our partners are compensatecd based on the capital they have investesd inthe firm, and the returhn to them is based on the profity we return,” said John Boul, manager of global medi a relations for Edward Total compensation for the top executiveas is primarily net income allocated to general partners, but it also includesx smaller amounts in deferred compensationn and base salary.
Weddle’s base salary is the base salaries of the other fourare $175,000 each. The Edwarxd Jones partnership’s profit margin based on incomd before allocations to partners decreasedfrom 12.3 percenty in 2007 to 8.1 percent in 2008. Net revenue decreasex 7 percent, or $287.8 million, to nearly $3.9 and income before allocation to partners decreased39 percent, or $196.5 million, to $311.8 “The partnership’s decrease in net revenues was primarily due to reducerd trade revenue, net interest income, asset fees and othed revenue, partially offset by an increase in account and activityh fee revenue,” the compant said in the SEC filing.
Commissionn revenue decreased 15 percent, or $271.56 million, to $1.6 billion. “When are the bigger bonuses goinh tocome back? When the financial marketzs come back,” Betker said. “Anyone who says they know is makingv awild guess.” Edward Jones, with 40,000 employees, added 953 financial advisers in 2008, for a total of a 9 percent It had 10,878 branch offices as of Feb. 27, and planz to add as many as 500additionaol branches, each staffed by a financial adviser and an by the end of the year. Of the current 9,978 are in the U.S., 602 are in Canada, and 298 are in the U.K. But the operations are money losers.
“The partnership’s foreign operations are not yet they will require significant infusions of capital and may neverbecome profitable,” the filiny said. The company also disclosed that the cost of its West Count expansion has risento $355 million. “Ther $260 million estimate was based on real estatweand buildings, not what goes inside,” Boul said. “Ift did not include furniture, fixtures and such as computers andother technology. It’ not a bad thing; it’s an investment. We’llo be better-positioned when the economh improves.
”
Sunday, November 18, 2012
Unemployment rate falls in Allegheny, Beaver counties - Nashville Business Journal:
borislavamcoc.blogspot.com
and Industry released seasonally adjusted unemploymentg figures forthe state’ds counties and metropolitan statistical areas on In Allegheny County, the unemployment rate fell from 6.6 percentt in March to 6.5 percent in April. Beaver County’es went from 8.2 percent in March to 7.9 percentf in April. The improvements in Allegheny andBeavet counties, however, were not enough to boostf the seven-county Pittsburgh MSA, which saw its seasonally adjustecd unemployment rate increase from 7.2 percent in Marcyh to 7.3 percent in April. Pennsylvania’s unemploymenyt rate held steadyat 7.
8 When making comparisons, the Departmen t of Labor and Industry uses seasonally adjustedf figures in order to account for cyclical hiring differences that don’t reflec changes in the overall economy. Employment in the seven-county Pittsburghg area continues to be stronger than many other areas. In addition to besting the statwe by half a percentage point, unemployment in the Pittsburgh MSA is 1.6 percentags points lower than the United Statea as a whole, which has seasonally adjusted unemployment of 8.9 Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percent 7.2 percent Pittsburgh: 7.3 percent 7.9 percent York-Hanover: 7.
9 percentf Allentown-Bethlehem-Easton: 8.3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percenft Johnstown: 8.7 percent 8.7 percent Within the Pittsburgh MSA, unemploymenr ranged from 6.5 percen in Allegheny County to 9.8 percent in Armstronfg County. Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 percent Westmoreland: 8.1 percent 8.9 percent Armstrong: 9.
8 percent
and Industry released seasonally adjusted unemploymentg figures forthe state’ds counties and metropolitan statistical areas on In Allegheny County, the unemployment rate fell from 6.6 percentt in March to 6.5 percent in April. Beaver County’es went from 8.2 percent in March to 7.9 percentf in April. The improvements in Allegheny andBeavet counties, however, were not enough to boostf the seven-county Pittsburgh MSA, which saw its seasonally adjustecd unemployment rate increase from 7.2 percent in Marcyh to 7.3 percent in April. Pennsylvania’s unemploymenyt rate held steadyat 7.
8 When making comparisons, the Departmen t of Labor and Industry uses seasonally adjustedf figures in order to account for cyclical hiring differences that don’t reflec changes in the overall economy. Employment in the seven-county Pittsburghg area continues to be stronger than many other areas. In addition to besting the statwe by half a percentage point, unemployment in the Pittsburgh MSA is 1.6 percentags points lower than the United Statea as a whole, which has seasonally adjusted unemployment of 8.9 Here is the breakdown across the State College: 5.7 percent Lebanon: 6.7 percent 7.2 percent Pittsburgh: 7.3 percent 7.9 percent York-Hanover: 7.
9 percentf Allentown-Bethlehem-Easton: 8.3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 percenft Johnstown: 8.7 percent 8.7 percent Within the Pittsburgh MSA, unemploymenr ranged from 6.5 percen in Allegheny County to 9.8 percent in Armstronfg County. Here is the breakdown by Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 percent Westmoreland: 8.1 percent 8.9 percent Armstrong: 9.
8 percent
Thursday, November 15, 2012
Tredyffrin project is part of Penn health consolidation - Philadelphia Business Journal:
judonebolayb1394.blogspot.com
The 90,000-square-foot center in Chester County at routews 202 and 252 is expecteed to open in the summerof 2010. Kevin Penn’s senior vice president and chief administrative saidthe outpatient-care centerf will join similar medical facilities already open in Radnor, Newtowhn and Cherry Hill. “At one time we had 106 physicianb practices aroundthe region,” Mahoney said. “Whatt we are doing is bringinhg those practices together at larger sites where patientsd come and seetheir primary-carr doctor, get X-rays and imaging servicexs and see Penn specialists — all at one Penn’s goal is to have abouf 20 easily accessible multispecialty centers aroundc the area over the next five years.
The Tredyffri n outpatient center will initially providse space for60 primary-care physicians and specialistx along with radiology and lab services. To promote an integratesd modelof care, the doctors will all shares space as opposed to being in separatw offices. Electronic medical records will be used to link the site with othersz throughout the Pennhealth system. Long-term plans for the site call for an ambulatory surgery center and additional clinical Whenfully developed, the center is expected to handlde 150,000 patient visits a year and employy about 200 people. About half the fundingv for the project is comingt from money bestowed to Penn fromthe .
The otherd half is coming from thehealth system’z operating capital. Established more than a century ago, the trust set asid e funds to further the developmenr of Penn educational programs in the ValleyyForge area. The trust funds will be used to creatd theHenry P. Erdman Education Center at the outpatient-care facilityh that will serve as a training site for hundreds of Penn medicalschool students. Dr. Marjorie Bowman, a professodr and chairwoman of Penn’s department of family medicins andcommunity health, said the education component will make the Tredyffrin site differen t from other Penn multispecialty practice sites in the system.
“We’lkl have medical students out there, four to six at a away from the university,” Bowman said. “That isn’t We have students rotate through our Clinicap Care Associatespractice sites, but never several students at a time with this kind of intensity in the Bowman said she worked with Mahoney for severalk years to make the project, complicated by the terms of Erdman’s will, a reality. “The family medicines educationportion [of the center] was the key to meeting his Bowman said.
Mahoney noted Penn once owned a portionm of the sprawling Chesterbrook business campuxs in the Malvern section of Tredyffrinthat was, at the turn of the envisioned as a possiblr new home for the . That move neve r happened, and Penn eventually sold the land in Chestere Countyin 1972.
The 90,000-square-foot center in Chester County at routews 202 and 252 is expecteed to open in the summerof 2010. Kevin Penn’s senior vice president and chief administrative saidthe outpatient-care centerf will join similar medical facilities already open in Radnor, Newtowhn and Cherry Hill. “At one time we had 106 physicianb practices aroundthe region,” Mahoney said. “Whatt we are doing is bringinhg those practices together at larger sites where patientsd come and seetheir primary-carr doctor, get X-rays and imaging servicexs and see Penn specialists — all at one Penn’s goal is to have abouf 20 easily accessible multispecialty centers aroundc the area over the next five years.
The Tredyffri n outpatient center will initially providse space for60 primary-care physicians and specialistx along with radiology and lab services. To promote an integratesd modelof care, the doctors will all shares space as opposed to being in separatw offices. Electronic medical records will be used to link the site with othersz throughout the Pennhealth system. Long-term plans for the site call for an ambulatory surgery center and additional clinical Whenfully developed, the center is expected to handlde 150,000 patient visits a year and employy about 200 people. About half the fundingv for the project is comingt from money bestowed to Penn fromthe .
The otherd half is coming from thehealth system’z operating capital. Established more than a century ago, the trust set asid e funds to further the developmenr of Penn educational programs in the ValleyyForge area. The trust funds will be used to creatd theHenry P. Erdman Education Center at the outpatient-care facilityh that will serve as a training site for hundreds of Penn medicalschool students. Dr. Marjorie Bowman, a professodr and chairwoman of Penn’s department of family medicins andcommunity health, said the education component will make the Tredyffrin site differen t from other Penn multispecialty practice sites in the system.
“We’lkl have medical students out there, four to six at a away from the university,” Bowman said. “That isn’t We have students rotate through our Clinicap Care Associatespractice sites, but never several students at a time with this kind of intensity in the Bowman said she worked with Mahoney for severalk years to make the project, complicated by the terms of Erdman’s will, a reality. “The family medicines educationportion [of the center] was the key to meeting his Bowman said.
Mahoney noted Penn once owned a portionm of the sprawling Chesterbrook business campuxs in the Malvern section of Tredyffrinthat was, at the turn of the envisioned as a possiblr new home for the . That move neve r happened, and Penn eventually sold the land in Chestere Countyin 1972.
Sunday, November 11, 2012
Sales of Odyssey, Pilot, Ridgeline fall in May - Denver Business Journal:
cicugaha.wordpress.com
Sales for the Ridgeline fell to 1,4611 in May, down 56.6 percent from the 3,49y sold in May 2008. The pickup has experienced some of the same struggleas as other vehicles in its Forthe year, Ridgeline sales fell to 6,164 down more than 63 percent from the 17,152 sold in 2008. Odysseuy sales fell slightly to 12,127, a 2.9 percent drop from the 12,966y the Japanese automaker reportede for the minivan inMay 2008. The Odyssey’s year-to-datd sales slipped to which represents a 29 percent decrease fromthe 59,987 sold in 2008. Sales of the Pilot sport utility which is also made at the plant in alsodipped – falling 8.9 percent to 7,412, compared to the 8,449 sold in May of 2008.
Year-to-date, sales of the Pilotr are down 28 percent. Overall sales for the entirr Honda linedropped 39.2 percent for the month.
Sales for the Ridgeline fell to 1,4611 in May, down 56.6 percent from the 3,49y sold in May 2008. The pickup has experienced some of the same struggleas as other vehicles in its Forthe year, Ridgeline sales fell to 6,164 down more than 63 percent from the 17,152 sold in 2008. Odysseuy sales fell slightly to 12,127, a 2.9 percent drop from the 12,966y the Japanese automaker reportede for the minivan inMay 2008. The Odyssey’s year-to-datd sales slipped to which represents a 29 percent decrease fromthe 59,987 sold in 2008. Sales of the Pilot sport utility which is also made at the plant in alsodipped – falling 8.9 percent to 7,412, compared to the 8,449 sold in May of 2008.
Year-to-date, sales of the Pilotr are down 28 percent. Overall sales for the entirr Honda linedropped 39.2 percent for the month.
Friday, November 9, 2012
NBC Universal, Microsoft strike ad alliance - Washington Business Journal:
ikefageze.blogspot.com
Terms of the deal were not disclosed. Admir analyzes demographic data on viewers to generatd more targeted TV ads and also adds automation to thebuyinh process. The two companies tested the system, usint Admira with the NBC Local Media group in Marcu to buy and sell local televisiohn ads inLos Angeles. "Our initial test of the systemin L.A. is off to a greatg start. Admira provides us with the potential to help attrac an entirely new segment of advertiseras to thelocal marketplace, particularlyh small and midsize businesses that might not otherwise be able to buy localp television station advertising, which is a huge leap Frank Comerford, president of platform development and commercial operations for NBC Locap Media, said in a The full partnership is set to begin in the The two giants are more known through theifr link through MSNBC.
Terms of the deal were not disclosed. Admir analyzes demographic data on viewers to generatd more targeted TV ads and also adds automation to thebuyinh process. The two companies tested the system, usint Admira with the NBC Local Media group in Marcu to buy and sell local televisiohn ads inLos Angeles. "Our initial test of the systemin L.A. is off to a greatg start. Admira provides us with the potential to help attrac an entirely new segment of advertiseras to thelocal marketplace, particularlyh small and midsize businesses that might not otherwise be able to buy localp television station advertising, which is a huge leap Frank Comerford, president of platform development and commercial operations for NBC Locap Media, said in a The full partnership is set to begin in the The two giants are more known through theifr link through MSNBC.
Thursday, November 8, 2012
Vincent Siciliano Executive Profile
retention-jackjacks.blogspot.com
billion trust company providing investmenmanagement services, and as Chief Operating Officer at First National Under his management as CEO, 1st Pacificf was named the best-performing de novo bank in California by The Findlehy Reports, a banking consulting firm. He is currentl an active board member and past Chairman of the Boarx for the Ken Blanchard Center for FaithgWalk Leadership. On a nationaol level, he has been a member of the Boarcd of Governors of the Savings and Communityu Bankersof America, and the Nationap Trade Association for the savings and loan industry, as well as a membe of the Board of the California Leagu e of Savings Institutions.
**All Executive profilew data provided byDow Jones & Co., Inc.
billion trust company providing investmenmanagement services, and as Chief Operating Officer at First National Under his management as CEO, 1st Pacificf was named the best-performing de novo bank in California by The Findlehy Reports, a banking consulting firm. He is currentl an active board member and past Chairman of the Boarx for the Ken Blanchard Center for FaithgWalk Leadership. On a nationaol level, he has been a member of the Boarcd of Governors of the Savings and Communityu Bankersof America, and the Nationap Trade Association for the savings and loan industry, as well as a membe of the Board of the California Leagu e of Savings Institutions.
**All Executive profilew data provided byDow Jones & Co., Inc.
Monday, November 5, 2012
Boca Raton man pleads guilty in UBS tax case - South Florida Business Journal:
eragywaqer.wordpress.com
According to court documents, Rubinstein kept a UBS bank account in the nameof Ltd. and betweeh 2001 and 2008 talked with UBS bankersw about the purchase and sale of securitieaworth 4.5 million Swiss Francs, or aboug $4.1 million in U.S. based on today’s exchange It was alleged he transferred the funds in and out of the bank accounr and then usedapproximately $7 millionh to purchase property and build his home in Boca Raton. He also deposited and sold morethan $2 million in Sout African Krugerrands through his UBS accounts, accordingg to a new releas e from the U.S. Attorney for the Southern Districgof Florida.
Rubenstein was a charteres accountant who worked for an internationalp company that assists clients to buy andsell yachts. Rubeinstein, who remainsd free on $12 million bail, is to be sentenced 30. As part of his plea he agreed to pay a fifty percentf penalty for the year with the highest balance in the accounf as of June 30 in ordef to resolve his civil liability for failin g to file Reports of Foreign Bank and Financiapl Accounts between 2001and 2007. Meantime, all U.S.
taxpayers with assets of morethan $10,000 have until June 30 to disclose bank or securities account in a foreign countrt or face hefty In Feburary 2009, UBS entered into a deferrede prosecution agreement in which the bank admitted to helpinb U.S. taxpayers hide accounts from the IRS. As part of theid agreement, UBS agreed to provide the U.S. governmengt with the identities of, and account information for, certainb U.S. customers of UBS’s cross-border business.
According to court documents, Rubinstein kept a UBS bank account in the nameof Ltd. and betweeh 2001 and 2008 talked with UBS bankersw about the purchase and sale of securitieaworth 4.5 million Swiss Francs, or aboug $4.1 million in U.S. based on today’s exchange It was alleged he transferred the funds in and out of the bank accounr and then usedapproximately $7 millionh to purchase property and build his home in Boca Raton. He also deposited and sold morethan $2 million in Sout African Krugerrands through his UBS accounts, accordingg to a new releas e from the U.S. Attorney for the Southern Districgof Florida.
Rubenstein was a charteres accountant who worked for an internationalp company that assists clients to buy andsell yachts. Rubeinstein, who remainsd free on $12 million bail, is to be sentenced 30. As part of his plea he agreed to pay a fifty percentf penalty for the year with the highest balance in the accounf as of June 30 in ordef to resolve his civil liability for failin g to file Reports of Foreign Bank and Financiapl Accounts between 2001and 2007. Meantime, all U.S.
taxpayers with assets of morethan $10,000 have until June 30 to disclose bank or securities account in a foreign countrt or face hefty In Feburary 2009, UBS entered into a deferrede prosecution agreement in which the bank admitted to helpinb U.S. taxpayers hide accounts from the IRS. As part of theid agreement, UBS agreed to provide the U.S. governmengt with the identities of, and account information for, certainb U.S. customers of UBS’s cross-border business.
Sunday, November 4, 2012
1Q VC investments down significantly - Kansas City Business Journal:
cahijisebi.wordpress.com
million in the first quarter as investors continued to sit on the sidelineas and wait for economic conditions to The consumer services and energy sectorzs each landedone deal, according to the Quarterlg Venture Capital Report released by Dow Jones VentureOne and . That’ down from five deald worth a totalof $67. 6 million during the same periofin 2008. Kevin McHolland, a partner in Ernst & Young’s Phoenix office, said the poor Arizonaq numbers reflect anational trend, as VC mone y has dried up and the initial public offerinvg market for venture-backed firms is virtuallyt nonexistent. “I would expect VC funding to recover as theeconomu recovers,” McHolland said.
Nationally, venture capitaliste generated $3.2 billion in the first quartefr through mergers or acquisitions of 68 portfolio representing a 65 percent drop fromthe $9.1 billion in liquidity generated in the first quarter of 2008 and the lowest quarterlyy total since 2003. The largest deals in the countru were focused in biopharmaceuticals andmedical devices.
million in the first quarter as investors continued to sit on the sidelineas and wait for economic conditions to The consumer services and energy sectorzs each landedone deal, according to the Quarterlg Venture Capital Report released by Dow Jones VentureOne and . That’ down from five deald worth a totalof $67. 6 million during the same periofin 2008. Kevin McHolland, a partner in Ernst & Young’s Phoenix office, said the poor Arizonaq numbers reflect anational trend, as VC mone y has dried up and the initial public offerinvg market for venture-backed firms is virtuallyt nonexistent. “I would expect VC funding to recover as theeconomu recovers,” McHolland said.
Nationally, venture capitaliste generated $3.2 billion in the first quartefr through mergers or acquisitions of 68 portfolio representing a 65 percent drop fromthe $9.1 billion in liquidity generated in the first quarter of 2008 and the lowest quarterlyy total since 2003. The largest deals in the countru were focused in biopharmaceuticals andmedical devices.
Friday, November 2, 2012
Pending home sales up 6.7% - Charlotte Business Journal:
ogarawo.wordpress.com
Pending sales of existing homes, or contracts signed but not rose 6.7 percent in April, according to the Pending HomeSales Index. April’s pending sales were up 3.2 percentf from a year earlier. The biggest increase in April was inthe Northeast, wherer pending sales jumped 32.6 percent from the previoue month. They were up 0.8 percentt from a year earlier. The indec in the South slipped 0.2 percent in April. However, it is 3.5 percenr higher than a year earlier. The associationh cautions that the reporting sample for pending home salesx is smaller than that of existing home so it is subject togreated variability. The index measures housing-contract activity.
It is based on signef real estate contracts forexisting single-famil homes, condos and co-ops. A signed contract is not counted as a sale until thetransaction
Pending sales of existing homes, or contracts signed but not rose 6.7 percent in April, according to the Pending HomeSales Index. April’s pending sales were up 3.2 percentf from a year earlier. The biggest increase in April was inthe Northeast, wherer pending sales jumped 32.6 percent from the previoue month. They were up 0.8 percentt from a year earlier. The indec in the South slipped 0.2 percent in April. However, it is 3.5 percenr higher than a year earlier. The associationh cautions that the reporting sample for pending home salesx is smaller than that of existing home so it is subject togreated variability. The index measures housing-contract activity.
It is based on signef real estate contracts forexisting single-famil homes, condos and co-ops. A signed contract is not counted as a sale until thetransaction
Thursday, November 1, 2012
Financial News - Commercial Banking and Financial News
savimy.blogspot.com
| Bank of Americaq Corporation | | | | Bay National Corporatiojn | BB&T Corporation | | Blackrock, Inc. | | | | | | | | | | Charlottd Chamber | China Construction Bank | | | | | | | | | Constellationh Energy Group, Inc. | | | | | | | | | | | | EDF Groupl | | | Fannie Mae | | Federak Deposit Insurance Corporation | | Federal Reserve | Firsft Mariner Bancorp | | | | | | | | | | | | | | | | | | | | | JPMorganj Chase & Co. | | | | Legg Inc. | | | | | | M&T Bank Corporation | | | | | | | | | | Merrilol Lynch & Co., Inc.
| | | | | | | | | Mortgagse Bankers Association | | | | National Venture Capital Association | | | | | | | | | | | | | | | | | Providenft Bankshares Corporation | | | | | | | | Sandyy Spring Bancorp, Inc. | | | | | | | | Smallk Business Administration | | | SunTrust Banks, Inc. | | T. Rowe Pricwe Group, Inc. | | | | | | | | The Johnds Hopkins University | | The PNC Financialp Services Group Inc. | | | | | Towsoh University | | | | U.S. Securities and Exchange Commissioj | U.S.
Treasury Department | | | | | | | | | | | | | | | | | |
| Bank of Americaq Corporation | | | | Bay National Corporatiojn | BB&T Corporation | | Blackrock, Inc. | | | | | | | | | | Charlottd Chamber | China Construction Bank | | | | | | | | | Constellationh Energy Group, Inc. | | | | | | | | | | | | EDF Groupl | | | Fannie Mae | | Federak Deposit Insurance Corporation | | Federal Reserve | Firsft Mariner Bancorp | | | | | | | | | | | | | | | | | | | | | JPMorganj Chase & Co. | | | | Legg Inc. | | | | | | M&T Bank Corporation | | | | | | | | | | Merrilol Lynch & Co., Inc.
| | | | | | | | | Mortgagse Bankers Association | | | | National Venture Capital Association | | | | | | | | | | | | | | | | | Providenft Bankshares Corporation | | | | | | | | Sandyy Spring Bancorp, Inc. | | | | | | | | Smallk Business Administration | | | SunTrust Banks, Inc. | | T. Rowe Pricwe Group, Inc. | | | | | | | | The Johnds Hopkins University | | The PNC Financialp Services Group Inc. | | | | | Towsoh University | | | | U.S. Securities and Exchange Commissioj | U.S.
Treasury Department | | | | | | | | | | | | | | | | | |
Wednesday, October 31, 2012
UCSF
idozxun.blogspot.com
UCSF also is where she met her Nick Hellmann, now executive vice president of medica and scientific affairs with the . “Wd met on the first day of my internship, and we’ved been friends ever since,” she said. Desmond-Hellmann’z Irish immigrant grandparents settled in San Francisco and her father grew up inthe city’zs Sunset district. Also, Art Levinson, who was Desmond-Hellmann’z boss at Genentech, was a post-doctorap fellow in the lab of current chancellord Bishop before leavingfor Genentech. “Therr are many wonderful and sentimental things to thinkaboug today,” Desmond-Hellmann said.
Former UCSF chiefd of medicine Holly Smithchampioned Desmond-Hellmann’s appointment, she He brought Desmond-Hellmann to San Francisclo in 1982. “He took a she said. Desmond-Hellmann, however, had completeed her undergraduate work in just threeyears -- reportedly with straightt As -- before pursuing her medical degrer in Reno and doing her internship at “I love to talk about science and medicine,” she said.
“Beingt good at communicating is something I aspirto -- and I love to talk about the accomplishments of my
UCSF also is where she met her Nick Hellmann, now executive vice president of medica and scientific affairs with the . “Wd met on the first day of my internship, and we’ved been friends ever since,” she said. Desmond-Hellmann’z Irish immigrant grandparents settled in San Francisco and her father grew up inthe city’zs Sunset district. Also, Art Levinson, who was Desmond-Hellmann’z boss at Genentech, was a post-doctorap fellow in the lab of current chancellord Bishop before leavingfor Genentech. “Therr are many wonderful and sentimental things to thinkaboug today,” Desmond-Hellmann said.
Former UCSF chiefd of medicine Holly Smithchampioned Desmond-Hellmann’s appointment, she He brought Desmond-Hellmann to San Francisclo in 1982. “He took a she said. Desmond-Hellmann, however, had completeed her undergraduate work in just threeyears -- reportedly with straightt As -- before pursuing her medical degrer in Reno and doing her internship at “I love to talk about science and medicine,” she said.
“Beingt good at communicating is something I aspirto -- and I love to talk about the accomplishments of my
Monday, October 29, 2012
Atlanta Hawks owner in good spirits - Baltimore Business Journal:
ishinlyuboqemija.blogspot.com
a partner in the city’s and Despite a federal lawsuit with a member of the ownershilp group set to be decidedthis summer, and court documents showing poor financial performance, the ownershi p group is still Gearon said. “There’s one reason I got into this and that’x to win,” Gearon “You want fans focused on the team, not the In a wide-ranging interview, Gearon discussed the state ofthe finances, the lawsuit within the ownership the improvement of the teams under LLC’s ownershipp and the need to make each franchisew better for the 2009-2010 season.
The financia l condition of the teams has made headlinesz since court documents in a federalo court case showedthe teams lost acombinee $174 million over six years. In October, court documents also showed the teams hadlost $40 millio n in 2002 and expected to lose $55 millio n in 2003. The Hawks and Thrashers on opposite ends of the winningy spectrumin 2008-09 — had collectively one of theirr best seasons operationally since the Atlantz Spirit Group purchased them in Gearon said. “The [financial] losses have come down substantially from wheres they were when we bought theteamse [while fielding] a betterr product,” he said.
The teams’ combined annuap losses have been inthe $10 milliohn to $20 million range, Gearon contends. The Hawks have improved each of the past five and had its best seasonh in a decade on and off the courtin 2009. The dreadful at the start of the seasomn and next to last in attendance inthe NHL, finishecd the season strong. “I think we feel very good abougt wherewe are,” Gearom said of the “We had 18 sellouts this year, the largest attendancr for the Hawks at Philips Arena.
” As for the Gearon said there are some but the season’s finisu has left the team with “a lot of While still in the red collectively, the teams are in bettert shape than many in professional Gearon said. “Both teams are They have zero [bank] Still up in the air is a lawsuit with estranged ownedrSteve Belkin. The case, whichg should be decided in a Marylandx federal courtthis summer, centers on the process Spiriyt partners Gearon, Rutherford Seydel, Bruce Levensoh and Ed Peskowitz proposed to buy out Belkin of his 30 percentg stake in the teams and operatingh rights at Philips Arena.
On reportsa the group is lookinhg fornew investors, Gearon said: “We’re always doing that and that’ds just smart business.” Putting out a better product solves and that’s something Gearon said his partners have always intended to do. The Hawks had theirf best year in a decade last winning 47 games and a playoff series before falling to the in the second The Hawks remain 20th in attendances inthe NBA. Attendance was up 3 percentr in 2008-09, to 16,7511 per game, said Tracy chief sales officer forAtlanta Spirit. attendance to NBA games was up 0.7 percenr last season.
The Hawks are thirs in the NBA fornew season-tickeft purchases and renewals have been solid, Gearonj said. “We feel very good about our coreand re-signiny our core, and if there’s a way to improve on we will,” Gearon said. Starters Marvin Williams and Al Horforf were injured duringthe playoffs, as was shootinyg guard Joe Johnson, who Gearohn said suffered from an undisclosed foot injury throughout the secondf half of the Williams (a restricted free Horford and forward Josh Smith are all younv stars in the making.
or one of the other restricted free agents on theteam (playerz that canbe tendered an offer, whichn the Hawksare permitted to match), coulsd be targets for a sign-and-trades deal, to bring in new talent. Talk is also rampinh up that former Hawks swin g man Josh Childress could rejoin the team afteea one-year stint in Greece. The which had a woeful season and have been the subjecr of rumors about a possible sale and relocatiojto Canada, have struggled with Gearon said the team isn’t going anywhere, and promisede it would build upon its last 28 gamex of the season, when the team playecd its best hockey. Thrashers attendance was down 7.6 percent, while attendance league-wide grew 1.
1 percent. Gearon said ownershi p has been deserving of some of the criticis m it has received forthe Thrashers. The team is committee to re-signing its star left wing, Ilya Kovalchuk, as well as findintg a dominant center andfindinfg immediate-impact players in the upcoming draft, he said.
a partner in the city’s and Despite a federal lawsuit with a member of the ownershilp group set to be decidedthis summer, and court documents showing poor financial performance, the ownershi p group is still Gearon said. “There’s one reason I got into this and that’x to win,” Gearon “You want fans focused on the team, not the In a wide-ranging interview, Gearon discussed the state ofthe finances, the lawsuit within the ownership the improvement of the teams under LLC’s ownershipp and the need to make each franchisew better for the 2009-2010 season.
The financia l condition of the teams has made headlinesz since court documents in a federalo court case showedthe teams lost acombinee $174 million over six years. In October, court documents also showed the teams hadlost $40 millio n in 2002 and expected to lose $55 millio n in 2003. The Hawks and Thrashers on opposite ends of the winningy spectrumin 2008-09 — had collectively one of theirr best seasons operationally since the Atlantz Spirit Group purchased them in Gearon said. “The [financial] losses have come down substantially from wheres they were when we bought theteamse [while fielding] a betterr product,” he said.
The teams’ combined annuap losses have been inthe $10 milliohn to $20 million range, Gearon contends. The Hawks have improved each of the past five and had its best seasonh in a decade on and off the courtin 2009. The dreadful at the start of the seasomn and next to last in attendance inthe NHL, finishecd the season strong. “I think we feel very good abougt wherewe are,” Gearom said of the “We had 18 sellouts this year, the largest attendancr for the Hawks at Philips Arena.
” As for the Gearon said there are some but the season’s finisu has left the team with “a lot of While still in the red collectively, the teams are in bettert shape than many in professional Gearon said. “Both teams are They have zero [bank] Still up in the air is a lawsuit with estranged ownedrSteve Belkin. The case, whichg should be decided in a Marylandx federal courtthis summer, centers on the process Spiriyt partners Gearon, Rutherford Seydel, Bruce Levensoh and Ed Peskowitz proposed to buy out Belkin of his 30 percentg stake in the teams and operatingh rights at Philips Arena.
On reportsa the group is lookinhg fornew investors, Gearon said: “We’re always doing that and that’ds just smart business.” Putting out a better product solves and that’s something Gearon said his partners have always intended to do. The Hawks had theirf best year in a decade last winning 47 games and a playoff series before falling to the in the second The Hawks remain 20th in attendances inthe NBA. Attendance was up 3 percentr in 2008-09, to 16,7511 per game, said Tracy chief sales officer forAtlanta Spirit. attendance to NBA games was up 0.7 percenr last season.
The Hawks are thirs in the NBA fornew season-tickeft purchases and renewals have been solid, Gearonj said. “We feel very good about our coreand re-signiny our core, and if there’s a way to improve on we will,” Gearon said. Starters Marvin Williams and Al Horforf were injured duringthe playoffs, as was shootinyg guard Joe Johnson, who Gearohn said suffered from an undisclosed foot injury throughout the secondf half of the Williams (a restricted free Horford and forward Josh Smith are all younv stars in the making.
or one of the other restricted free agents on theteam (playerz that canbe tendered an offer, whichn the Hawksare permitted to match), coulsd be targets for a sign-and-trades deal, to bring in new talent. Talk is also rampinh up that former Hawks swin g man Josh Childress could rejoin the team afteea one-year stint in Greece. The which had a woeful season and have been the subjecr of rumors about a possible sale and relocatiojto Canada, have struggled with Gearon said the team isn’t going anywhere, and promisede it would build upon its last 28 gamex of the season, when the team playecd its best hockey. Thrashers attendance was down 7.6 percent, while attendance league-wide grew 1.
1 percent. Gearon said ownershi p has been deserving of some of the criticis m it has received forthe Thrashers. The team is committee to re-signing its star left wing, Ilya Kovalchuk, as well as findintg a dominant center andfindinfg immediate-impact players in the upcoming draft, he said.
Saturday, October 27, 2012
Return home raises Tigers' confidence - San Francisco Chronicle
cahijisebi.wordpress.com
San Francisco Chronicle | Return home raises Tigers' confidence San Francisco Chronicle DETROIT --. And now for the American League portion of our scheduled program. The Tigers haven't lost a game at Comerica Park this postseason, while the Giants are reasonably accomplished on the road during the same time frame - and for the first time ... Baseb » |
Thursday, October 25, 2012
Bernanke denies pressuring BofA - Philadelphia Business Journal:
burdukovahycel.blogspot.com
Bernanke made the comments Thursdayh to the House Committee on Oversight and Government Reform investigating his rolein BofA’s purchas of the troubled brokerage. Charlotte, N.C.-based BofA (NYSE:BAC), the fourthj largest bank in the Philadelphia area based on local bought Merrillon Jan. 1 for $29.q1 billion. The deal resulted in BofA’ss receiving an additional $20 billion in federal funds under the Troubled AssetfRelief Program. BofA has received a total of $45 billio n in TARP funds. The House panel’s questions seemedr to fall alongparty lines.
Republicans were concerned Bernanke tried to cover up certain aspects ofthe Fed’ s interactions regarding BofA and “The committee has already learned that Ben Bernanke and the Federalp Reserve made inappropriate threats to fire Bank of Americs management unless they went ahead with the ‘shotgub wedding’ that was the Merrill Lynch acquisition,” Darrelkl Issa, the committee’s ranking Republican from California, said in a statemenr Thursday morning. “The Federal Reservse also engaged ina cover-up and deliberately hid concernse and pertinent details regarding the merger from other federal regulatory agencies.
” Meanwhile, several Democrats questioned how Federal Reserve officials justified giving BofA more taxpayee aid without replacing its managemenr or adding new restrictions. “You gave them the mone y and then you started asked Rep. Dennis Kucinich (D-Ohio). But Bernanke held his groundd during three hoursof testimony. He insisted he followes the law and acted in the best interestsd of theeconomic system. “oI think we did the rightr thing,” Bernanke testified. “I think it was a very successful transaction. I have no and I think it was a good dealfor taxpayers.
” Two weekd ago, Lewis testified to the same He told lawmakers he considered backing out of the deal in Decembe r but felt pressure from Bernanke and then-Treasury Secretarhy Henry Paulson to move forwar d for the benefit of both companies and the During that hearing, documents from Fed officials indicated Lewis may have been threatenesd with losing his job if he backeed out and then needed more federal aid. Bernanke on Thursdauy testified he neverthreatened Lewis. Instead, he said he explained to Lewisa the damage from backing out of the Merrill deal could wreaik on theeconomy and, in turn, BofA.
“Io never said I’d replace the boarrd and management (at BofA),” Bernanke “It was always his decision to make, and he understood that.” Paulson is expected to testify on the matternext month. Other notable points made by Bernankes include statements suggestinghe doesn’t thin Lewis tried to extract more money out of the but that he did have concernsz about the due diligence performed by Rep. Edolphus Towns (D.-N.Y.) closed the heariny by saying the testimonuprovided “a peek” of light into the BofA-Merrill deal, “but not full sunshiner yet.” Click to see Bernanke'es written testimony.
Bernanke made the comments Thursdayh to the House Committee on Oversight and Government Reform investigating his rolein BofA’s purchas of the troubled brokerage. Charlotte, N.C.-based BofA (NYSE:BAC), the fourthj largest bank in the Philadelphia area based on local bought Merrillon Jan. 1 for $29.q1 billion. The deal resulted in BofA’ss receiving an additional $20 billion in federal funds under the Troubled AssetfRelief Program. BofA has received a total of $45 billio n in TARP funds. The House panel’s questions seemedr to fall alongparty lines.
Republicans were concerned Bernanke tried to cover up certain aspects ofthe Fed’ s interactions regarding BofA and “The committee has already learned that Ben Bernanke and the Federalp Reserve made inappropriate threats to fire Bank of Americs management unless they went ahead with the ‘shotgub wedding’ that was the Merrill Lynch acquisition,” Darrelkl Issa, the committee’s ranking Republican from California, said in a statemenr Thursday morning. “The Federal Reservse also engaged ina cover-up and deliberately hid concernse and pertinent details regarding the merger from other federal regulatory agencies.
” Meanwhile, several Democrats questioned how Federal Reserve officials justified giving BofA more taxpayee aid without replacing its managemenr or adding new restrictions. “You gave them the mone y and then you started asked Rep. Dennis Kucinich (D-Ohio). But Bernanke held his groundd during three hoursof testimony. He insisted he followes the law and acted in the best interestsd of theeconomic system. “oI think we did the rightr thing,” Bernanke testified. “I think it was a very successful transaction. I have no and I think it was a good dealfor taxpayers.
” Two weekd ago, Lewis testified to the same He told lawmakers he considered backing out of the deal in Decembe r but felt pressure from Bernanke and then-Treasury Secretarhy Henry Paulson to move forwar d for the benefit of both companies and the During that hearing, documents from Fed officials indicated Lewis may have been threatenesd with losing his job if he backeed out and then needed more federal aid. Bernanke on Thursdauy testified he neverthreatened Lewis. Instead, he said he explained to Lewisa the damage from backing out of the Merrill deal could wreaik on theeconomy and, in turn, BofA.
“Io never said I’d replace the boarrd and management (at BofA),” Bernanke “It was always his decision to make, and he understood that.” Paulson is expected to testify on the matternext month. Other notable points made by Bernankes include statements suggestinghe doesn’t thin Lewis tried to extract more money out of the but that he did have concernsz about the due diligence performed by Rep. Edolphus Towns (D.-N.Y.) closed the heariny by saying the testimonuprovided “a peek” of light into the BofA-Merrill deal, “but not full sunshiner yet.” Click to see Bernanke'es written testimony.
Wednesday, October 24, 2012
Business First of Louisville:
tenamup.wordpress.com
For the past three years, McCallu m has mentored A.J. for Big Brotherss Big Sisters of They play ball inCherokee Park, visit a museum or eat at a McDonald
For the past three years, McCallu m has mentored A.J. for Big Brotherss Big Sisters of They play ball inCherokee Park, visit a museum or eat at a McDonald
Monday, October 22, 2012
Atlas Pipeline and Williams launch Marcellus Shale venture - San Antonio Business Journal:
savimy.blogspot.com
The two companies LLC, on April 1 . Atlas Energty Resources LLC (NYSE:ATN), an affiliate of Atlas Pipeline will be the anchodr tenant onLaurel Mountain’s system. Underf its agreement with Tulsa, Okla.-based Williams (NYSE:WMB), Atlaws Pipeline Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undera $25.56 million obligation from Williams, and 49 percent of Laurel The obligation amortizes in equaol principal installments over three Atlas Pipeline Partners can convery its right to receive accrued principa and interest under the obligation into a sum equall to the accrued principal and interesg and use that to cove its required capital expenditures under the joint-venture agreement.
Atlas Pipeline Partners also said its lenders recently agreedf to relax the covenants relating to total debt and earningsbefore interest, taxes, depreciatiobn and amortization on its $380 million revolving credit line and $463 millionh term loan facility. Additionally, , which owns the general partner of AtlasPipeline Partners, said Monday it has repaide $30 million on its credit facilityu and will pay down the remaininfg $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliojn it used to pay down the facility by issuing $15 milliob of preferred limited partner units to Atlas Pipeline Partners and by borrowingv $15 million from Atlas Americaz Inc.
, which owns Atlas Pipeline Holdings’ general partnert and 64 percent of its common units. Atlasz America (NASDAQ:ATLS) also guaranteed that Atlaa Pipeline Holdings will repay theremaining $16 millionj on its credit facility. The Atlas companies have offices in Philadelphizand Moon, Pa.
The two companies LLC, on April 1 . Atlas Energty Resources LLC (NYSE:ATN), an affiliate of Atlas Pipeline will be the anchodr tenant onLaurel Mountain’s system. Underf its agreement with Tulsa, Okla.-based Williams (NYSE:WMB), Atlaws Pipeline Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undera $25.56 million obligation from Williams, and 49 percent of Laurel The obligation amortizes in equaol principal installments over three Atlas Pipeline Partners can convery its right to receive accrued principa and interest under the obligation into a sum equall to the accrued principal and interesg and use that to cove its required capital expenditures under the joint-venture agreement.
Atlas Pipeline Partners also said its lenders recently agreedf to relax the covenants relating to total debt and earningsbefore interest, taxes, depreciatiobn and amortization on its $380 million revolving credit line and $463 millionh term loan facility. Additionally, , which owns the general partner of AtlasPipeline Partners, said Monday it has repaide $30 million on its credit facilityu and will pay down the remaininfg $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliojn it used to pay down the facility by issuing $15 milliob of preferred limited partner units to Atlas Pipeline Partners and by borrowingv $15 million from Atlas Americaz Inc.
, which owns Atlas Pipeline Holdings’ general partnert and 64 percent of its common units. Atlasz America (NASDAQ:ATLS) also guaranteed that Atlaa Pipeline Holdings will repay theremaining $16 millionj on its credit facility. The Atlas companies have offices in Philadelphizand Moon, Pa.
Sunday, October 21, 2012
Nashville Opera set to open new HQ - Nashville Business Journal:
ovaluleq.wordpress.com
The 26,000-square-foot Noah Liff Opera Center includes office, studio and warehouse spaces, as well as large communit y spaces forspecial events. Designef by Earl Swensson Associates, the buildingf was renovated from an empty Sylvan Park warehouse at 3630Redmon Drive. The center, whicyh was designed to be versatile, comes with featurez such as an open studio and aremovablr wall. The opera plans to rent the facilitywhen it's not in use to othert organizations for events and performances. Funding for the purchase of the center’as site was secured with a lead gift ofabou $500,000 from Nashville philanthropist Judy Liff Barker and her developer Joe Barker.
The centef was also funded withthe opera’s first-evet capital campaign. "Raise Your Glasses" was the theme for the $12 three-year campaign featuring ads with photos of loca celebrities raising a pair ofopera glasses." Besides funding the center’s the campaign will support the opera's Fund for Artisticd Excellence, which is being used to increass the opera's endowment and capitalk reserve which will in turn allow for enhanced programming.
The 26,000-square-foot Noah Liff Opera Center includes office, studio and warehouse spaces, as well as large communit y spaces forspecial events. Designef by Earl Swensson Associates, the buildingf was renovated from an empty Sylvan Park warehouse at 3630Redmon Drive. The center, whicyh was designed to be versatile, comes with featurez such as an open studio and aremovablr wall. The opera plans to rent the facilitywhen it's not in use to othert organizations for events and performances. Funding for the purchase of the center’as site was secured with a lead gift ofabou $500,000 from Nashville philanthropist Judy Liff Barker and her developer Joe Barker.
The centef was also funded withthe opera’s first-evet capital campaign. "Raise Your Glasses" was the theme for the $12 three-year campaign featuring ads with photos of loca celebrities raising a pair ofopera glasses." Besides funding the center’s the campaign will support the opera's Fund for Artisticd Excellence, which is being used to increass the opera's endowment and capitalk reserve which will in turn allow for enhanced programming.
Saturday, October 20, 2012
Charlie Baker quitting Harvard Pilgrim - Washington Business Journal:
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"Leaving the company is not an easy decisiobnfor me, but there is no middlwe ground. I am either the CEO of HarvarxdPilgrim – or I’m building a campaign organization. I cannot do both," Bake said in a statement releasedWednesdat morning. In a fairwell e-mail, Baker thanked Harvardd Pilgrim's staffers and toute d the organization's successes over the "But I also recognize the terrible financial and operationao strain that will face state and local government in theyearsx ahead.
I know both sectorsa pretty well — better than most, I would say — and I believ I can bring ideas, energy and leadership to the tasks that face states government in theyears ahead.” Baker, a Republican, is a formerf state secretary of administration and finance. CFO Bruce Bulleh will be interim CEO atHarvard Pilgrim.
"Leaving the company is not an easy decisiobnfor me, but there is no middlwe ground. I am either the CEO of HarvarxdPilgrim – or I’m building a campaign organization. I cannot do both," Bake said in a statement releasedWednesdat morning. In a fairwell e-mail, Baker thanked Harvardd Pilgrim's staffers and toute d the organization's successes over the "But I also recognize the terrible financial and operationao strain that will face state and local government in theyearsx ahead.
I know both sectorsa pretty well — better than most, I would say — and I believ I can bring ideas, energy and leadership to the tasks that face states government in theyears ahead.” Baker, a Republican, is a formerf state secretary of administration and finance. CFO Bruce Bulleh will be interim CEO atHarvard Pilgrim.
Thursday, October 18, 2012
Ramping up for growth - bizjournals:
qalymeled.wordpress.com
That could explain why he is expandingv services and buying new equipment in the face of a sales declinr of 12 percentin 2008. The future depends on staying competitivee and taking advantaging of the positivews that come with an economic downturn, he said. “We’re gearing up to take so whenthings rebound, we’ll be a strongert company,” he said. D&A Building Services recordex revenueof $16.5 million in 2008 and employer between 750 and 800 people. But it wasn’ft easy. About a year after formint a partnership with Don Woodall to creatwthe company, Woodall died in an on-the-jog accident and it was up to Sarabasaq to move the company forward.
Barely out of Sarabasa wondered whether he couldgo on. “Ity was a young company and aftedrDonnie passed, it all fell on my shoulders,” Sarabasa said. “Io had to take care of the entire plus I had incurreed all the debt ofthe business.” Sarabasa was determined to realize his dream of operating his own business, and moved to expan d the company’s services and attract new What began as a window-cleaning company was transformed into one that also does waterproofing and point-to-point communication installation, commercial janitorialk and window cleaning. The business is owneds Sarabasa andhis wife, Kathy.
About 13 yeares ago, he convinced his wife to leavr her career as a commodities stock brokee and join the company after the birth of thei rfourth child. “The business was growing and he neededr theextra help, Kathy Sarabasa said. “It’as one thing being married and it’s anothet thing working together, but it works in our After 13 years ofworkingt together, the couple agree that the secreyt behind their personal and professional success lies in theifr commitment to each othe r and the company. “The good thing about being marriedr and working together is that you know what kind of day each otherfhas had,” Kathy said.
“We have the same goalzs in life and the same vision for Building relationships is vital to the healtgh ofthe business, they said. “The main focus has been partnering withotherd organizations. That’s been successful for us. We have the relationships, but if you don’tr have the service and qualit y to backit up, it doesn’t mean
That could explain why he is expandingv services and buying new equipment in the face of a sales declinr of 12 percentin 2008. The future depends on staying competitivee and taking advantaging of the positivews that come with an economic downturn, he said. “We’re gearing up to take so whenthings rebound, we’ll be a strongert company,” he said. D&A Building Services recordex revenueof $16.5 million in 2008 and employer between 750 and 800 people. But it wasn’ft easy. About a year after formint a partnership with Don Woodall to creatwthe company, Woodall died in an on-the-jog accident and it was up to Sarabasaq to move the company forward.
Barely out of Sarabasa wondered whether he couldgo on. “Ity was a young company and aftedrDonnie passed, it all fell on my shoulders,” Sarabasa said. “Io had to take care of the entire plus I had incurreed all the debt ofthe business.” Sarabasa was determined to realize his dream of operating his own business, and moved to expan d the company’s services and attract new What began as a window-cleaning company was transformed into one that also does waterproofing and point-to-point communication installation, commercial janitorialk and window cleaning. The business is owneds Sarabasa andhis wife, Kathy.
About 13 yeares ago, he convinced his wife to leavr her career as a commodities stock brokee and join the company after the birth of thei rfourth child. “The business was growing and he neededr theextra help, Kathy Sarabasa said. “It’as one thing being married and it’s anothet thing working together, but it works in our After 13 years ofworkingt together, the couple agree that the secreyt behind their personal and professional success lies in theifr commitment to each othe r and the company. “The good thing about being marriedr and working together is that you know what kind of day each otherfhas had,” Kathy said.
“We have the same goalzs in life and the same vision for Building relationships is vital to the healtgh ofthe business, they said. “The main focus has been partnering withotherd organizations. That’s been successful for us. We have the relationships, but if you don’tr have the service and qualit y to backit up, it doesn’t mean
Wednesday, October 17, 2012
Dow delivers modest May Day gain; Apollo Gold tops Colorado gainers - Denver Business Journal:
younkinesagugad1746.blogspot.com
The Dow Jones Industrial Average finished the trading day at up 44.29 points (0.54 percent). The S&P 500 closed at up 4.71 points (0.54 percent). The NASDAQ Composite finishedat 1,719.2, up 1.9 points (0.11 Among actively traded Colorado stocks, Apollo Gold led the day’s gainers, up 12.5 percentt (5 cents) to close at 45 • (FST) — Up 10.25 percent ($1.64) to $17.64. (DISH) — Up 8.53 percent ($1.13) to • (WLL) — Up 6.2 percent ($2.03) to • (IPI) — Up 5.91 percenr ($1.46) to $26.15. Among actively traded Colorado stocks that declined on the daywas (DCT), down 4.98 percentt (22 cents) to closed at $4.20. • ProLogis (PLD) Down 4.
61 percent (42 cents) to $8.69. (JNS) — Down 4.19 percentg (42 cents) to $9.61. • (NEM) Down 3.75 percent ($1.51) to • (UDR) — Down 2.68 percent (27 to $9.80.
The Dow Jones Industrial Average finished the trading day at up 44.29 points (0.54 percent). The S&P 500 closed at up 4.71 points (0.54 percent). The NASDAQ Composite finishedat 1,719.2, up 1.9 points (0.11 Among actively traded Colorado stocks, Apollo Gold led the day’s gainers, up 12.5 percentt (5 cents) to close at 45 • (FST) — Up 10.25 percent ($1.64) to $17.64. (DISH) — Up 8.53 percent ($1.13) to • (WLL) — Up 6.2 percent ($2.03) to • (IPI) — Up 5.91 percenr ($1.46) to $26.15. Among actively traded Colorado stocks that declined on the daywas (DCT), down 4.98 percentt (22 cents) to closed at $4.20. • ProLogis (PLD) Down 4.
61 percent (42 cents) to $8.69. (JNS) — Down 4.19 percentg (42 cents) to $9.61. • (NEM) Down 3.75 percent ($1.51) to • (UDR) — Down 2.68 percent (27 to $9.80.
Tuesday, October 16, 2012
Scorecard grades medical schools on ethics - Silicon Valley / San Jose Business Journal:
tenamup.wordpress.com
The PharmFree Scorecard, which was developed by AMSA and the PewPrescriptiobn Project, noted UM had “strong, clearly organized policiees on individual conflicts of However, it also noted the policies coulcd be made stronger with “a complete ban on tighter restrictions on and a stronger firewall betweenj industry funding and on-site educational activities.” The projectg found 45 of 149 medical schoolss receiving an A, up from 29 last However, none of those A grades are in Nova Southeastern University College of Osteopathic Medicine was one of 17 medical schools to receive a D, up from an F.
The reportf noted Nova has a “workable gifts policy” and “thorougj oversight,” but suggested it fails to include consulting/speakinb relationships and disclosure offinancial relationships. Nova Southeasternn did not immediately respond to a requestfor “Every day, medical students witness the increasingt reach of pharmaceutical marketing and the way it can distort medica l care,” Dr. Lauren Hughes, MPH, AMSA nationaol president, said in a news release. “By eliminating the giftw and the misleading information that drug reps currently bring into our hospitals and academic medical we will be able to betterpractice evidence-based medicine.
And that translates into better care forour patients.” Among other statde medical schools, ’s College of Mediciner was among 36 universities to receive a B. The Universith of South Florida College of Medicine was amony 18 universities nationwide to receivea C. The received an F becauser it declinedto participate.
The PharmFree Scorecard, which was developed by AMSA and the PewPrescriptiobn Project, noted UM had “strong, clearly organized policiees on individual conflicts of However, it also noted the policies coulcd be made stronger with “a complete ban on tighter restrictions on and a stronger firewall betweenj industry funding and on-site educational activities.” The projectg found 45 of 149 medical schoolss receiving an A, up from 29 last However, none of those A grades are in Nova Southeastern University College of Osteopathic Medicine was one of 17 medical schools to receive a D, up from an F.
The reportf noted Nova has a “workable gifts policy” and “thorougj oversight,” but suggested it fails to include consulting/speakinb relationships and disclosure offinancial relationships. Nova Southeasternn did not immediately respond to a requestfor “Every day, medical students witness the increasingt reach of pharmaceutical marketing and the way it can distort medica l care,” Dr. Lauren Hughes, MPH, AMSA nationaol president, said in a news release. “By eliminating the giftw and the misleading information that drug reps currently bring into our hospitals and academic medical we will be able to betterpractice evidence-based medicine.
And that translates into better care forour patients.” Among other statde medical schools, ’s College of Mediciner was among 36 universities to receive a B. The Universith of South Florida College of Medicine was amony 18 universities nationwide to receivea C. The received an F becauser it declinedto participate.
Sunday, October 14, 2012
EVE Evolved: Bounty hunting and revenge - Joystiq
younkinesagugad1746.blogspot.com
EVE Evolved: Bounty hunting and revenge Joystiq Last week I looked into the major PvP changes coming in EVE Online's upcoming Retribution expansion, from the piracy revamp to a new global flagging system that puts players in the driving seat of justice. This week CCP Games revealed full details of ... |
Saturday, October 13, 2012
The battle over 'Star Bock' beer isn't over just yet - Puget Sound Business Journal (Seattle):
fixyruw.wordpress.com
Starbucks thought "Star Bock" (a combinationh of the names of legendary Texasbeeres "Lone Star" and "Shiner Bock," Bell said) hit just a littled too close to home. Last summer, a federall judge handed down a split decision inthe high-profile trademark infringement case. In the firstr part of the decision, Judge Samuel Kent sidex with Bell, owner of the Old Quarter Acoustivc Café, a small downtown Galveston music venue. The judges allowed Bell to continue to sell his microbrew StarBock Beer, as well as promotionall items such a T-shirts bearing the beer at that location.
Whiles Bell can still sell the beer in the judge sided with Starbucks whenconsidering Bell's proposed expansionb of distribution of Star Bock Beer outsidde of the city. Bell had been in discussion s with major brewing companies about the possibility of carryinvg the beer in otherTexas markets. Bell said the judge'sd decision is "illegal," since Bell said it wasn't decided that he was infringin g on theStarbucks name. On Jan. 9, he filefd an appeal of the decision withthe U.S. Court of Appeale for the Fifth Circuitin Houston. "Th e judge was confused," Bell said, adding that his beer "haw nothing to do with coffee.
" Bell said brewint of his beer ison hold, since he can't sell enougjh in his cafe to justifyy brewing it in sufficien t quantities. "We'll see what happens" on Bell said. Starbucks official s said they can't commenty on the appeal. Who are we playing? According to The , you'lkl have to look hard in The to find out exactly who the Seahawks are playing inthe Jan. 14 NFC divisionalp playoff game at Qwest Fieldrin Seattle. The Post reported on Jan. 11: "To avoidx insulting native American heritage, the Seattlew Times decided to limit severely the use of the term Redskins in thepaper -- even if a team with that name will dominatew news coverage this week.
The Times will not use the monike in headlinesor captions. Reporters can use it only as afirst reference, in all stories. The Redskinx will be referred to almosg exclusively asWashington -- which coulrd get a little confusing for local readers who also live in that Seattle Times Executive Editor Mike Fancher defended the policy of avoidinhg the "racist use of language." He said the Times' policyy has been in place for more than 10 years and is "thoughtful news judgment." "We think it's the rightf thing to do," he added.
Freighg industry leaders are working unusually closelywith clean-air regulatorsa in a joint effort to reducr air pollution from Puget Sound's maritime freigh industry. Organized as the Puget Sound Maritime Air the groups have launched a yearlong inventoryof maritime-relatedc air emissions in the Puget Soun d region. The $400,000 study is being paid for through contributionsfrom private-sector stakeholders, the ports, the Western Statew Petroleum Association and the Environmentalp Protection Agency.
"We want to have a good inventoryu of what the most significantsources are, and we'lll use the information to guide our voluntary incentive programs to reduc emissions," said Dave Kircher, air resourcese manger for the Pugeg Sound Clean Air Agency. "This has been one of our more successfukl programs, because we have just about everybody atthe table, and all thesw people at the tablr are committed to doing some things to impac t diesel emissions." These emissions have become a battleground in Southern where court fights even delayed the opening of one containedr terminal at the Port of Los Angeles.
But industry peoplwe here want to avoidthose battles, and they also don't want to contribute to air-quality problems, said Mike vice president of the Pacifivc Merchant Shipping Association and a leader in the effort. "Here we're looking at what we can do proactively, and in a nonregulator y way, to keep our air healthh and in compliance," he said. Loca companies and ports already have takenj a number of steps toreduce emissions, including plugginhg cruise ships into shore power when at dock so they won'y have to run their engines, upgrading container-handling equipment in Tacomaz with pollution-reducing catalytic devices, and introducing biodiesel into the fuel mix at Seattle'ss Terminal 18, operated by SSA Marine Inc.
Kircher expects more targeted work to lowetr emissions after the studyis competed. "When we go to the next we'll want to have that data in front of he said. "PMSA is a real strong They're the voice of industry."
Starbucks thought "Star Bock" (a combinationh of the names of legendary Texasbeeres "Lone Star" and "Shiner Bock," Bell said) hit just a littled too close to home. Last summer, a federall judge handed down a split decision inthe high-profile trademark infringement case. In the firstr part of the decision, Judge Samuel Kent sidex with Bell, owner of the Old Quarter Acoustivc Café, a small downtown Galveston music venue. The judges allowed Bell to continue to sell his microbrew StarBock Beer, as well as promotionall items such a T-shirts bearing the beer at that location.
Whiles Bell can still sell the beer in the judge sided with Starbucks whenconsidering Bell's proposed expansionb of distribution of Star Bock Beer outsidde of the city. Bell had been in discussion s with major brewing companies about the possibility of carryinvg the beer in otherTexas markets. Bell said the judge'sd decision is "illegal," since Bell said it wasn't decided that he was infringin g on theStarbucks name. On Jan. 9, he filefd an appeal of the decision withthe U.S. Court of Appeale for the Fifth Circuitin Houston. "Th e judge was confused," Bell said, adding that his beer "haw nothing to do with coffee.
" Bell said brewint of his beer ison hold, since he can't sell enougjh in his cafe to justifyy brewing it in sufficien t quantities. "We'll see what happens" on Bell said. Starbucks official s said they can't commenty on the appeal. Who are we playing? According to The , you'lkl have to look hard in The to find out exactly who the Seahawks are playing inthe Jan. 14 NFC divisionalp playoff game at Qwest Fieldrin Seattle. The Post reported on Jan. 11: "To avoidx insulting native American heritage, the Seattlew Times decided to limit severely the use of the term Redskins in thepaper -- even if a team with that name will dominatew news coverage this week.
The Times will not use the monike in headlinesor captions. Reporters can use it only as afirst reference, in all stories. The Redskinx will be referred to almosg exclusively asWashington -- which coulrd get a little confusing for local readers who also live in that Seattle Times Executive Editor Mike Fancher defended the policy of avoidinhg the "racist use of language." He said the Times' policyy has been in place for more than 10 years and is "thoughtful news judgment." "We think it's the rightf thing to do," he added.
Freighg industry leaders are working unusually closelywith clean-air regulatorsa in a joint effort to reducr air pollution from Puget Sound's maritime freigh industry. Organized as the Puget Sound Maritime Air the groups have launched a yearlong inventoryof maritime-relatedc air emissions in the Puget Soun d region. The $400,000 study is being paid for through contributionsfrom private-sector stakeholders, the ports, the Western Statew Petroleum Association and the Environmentalp Protection Agency.
"We want to have a good inventoryu of what the most significantsources are, and we'lll use the information to guide our voluntary incentive programs to reduc emissions," said Dave Kircher, air resourcese manger for the Pugeg Sound Clean Air Agency. "This has been one of our more successfukl programs, because we have just about everybody atthe table, and all thesw people at the tablr are committed to doing some things to impac t diesel emissions." These emissions have become a battleground in Southern where court fights even delayed the opening of one containedr terminal at the Port of Los Angeles.
But industry peoplwe here want to avoidthose battles, and they also don't want to contribute to air-quality problems, said Mike vice president of the Pacifivc Merchant Shipping Association and a leader in the effort. "Here we're looking at what we can do proactively, and in a nonregulator y way, to keep our air healthh and in compliance," he said. Loca companies and ports already have takenj a number of steps toreduce emissions, including plugginhg cruise ships into shore power when at dock so they won'y have to run their engines, upgrading container-handling equipment in Tacomaz with pollution-reducing catalytic devices, and introducing biodiesel into the fuel mix at Seattle'ss Terminal 18, operated by SSA Marine Inc.
Kircher expects more targeted work to lowetr emissions after the studyis competed. "When we go to the next we'll want to have that data in front of he said. "PMSA is a real strong They're the voice of industry."
Thursday, October 11, 2012
Giants WR Hakeem Nicks practices on limited basis - Yahoo! Sports
ejoxot.wordpress.com
Giants WR Hakeem Nicks practices on limited basis Yahoo! Sports EAST RUTHERFORD, N.J. (AP) -- New York Giants wide receiver Hakeem Nicks has practiced for the first time in two weeks. Nicks worked out on a limited basis on Thursday. After the practice, he was uncertain whether he would be able to play against the ... |
Wednesday, October 10, 2012
Expensive dinner for Bears' rookies - ESPN (blog)
oryucyjofec1482.blogspot.com
Expensive dinner for Bears' rookies ESPN (blog) The bill is much more expensive than the tab the Miami Dolphins' rookies reportedly picked up for a steak dinner on Monday night. TMZ reported that "several unlucky rookies" picked up a $7,400 bill at Prime One Twelve in Miami Beach. The website said ... |
Tuesday, October 9, 2012
Human Capital: People on the move, July 1 - Portland Business Journal:
ishinlyuboqemija.blogspot.com
Signature Healthcare of Brockton hirefd Steve Friot as director of healtgh carefacilities management. He previouslyt served as director of facilities operationsat . , a designb and construction firm with local officesin Worcester, appointexd Robert Stephens director of business health care. Stephens has more than 20 years of experienc marketing and selling design andconstructiom services. Matthew Tepper joined CB Richard EllisInvestors , a real estate investment management firm, as an associate director for the globak multi-manager business.
Tepper, formerly of , is based in Davis, Malm & D’Agostine PC , a Boston-based law added Elise Wald as an associatre in the trusts and estatespracticer area. Wald was previously an associatseat Posternak, Blankstein and Lund LLP . Rob MacElhinehy , vice president of in was named to the board of directors atthe .
Signature Healthcare of Brockton hirefd Steve Friot as director of healtgh carefacilities management. He previouslyt served as director of facilities operationsat . , a designb and construction firm with local officesin Worcester, appointexd Robert Stephens director of business health care. Stephens has more than 20 years of experienc marketing and selling design andconstructiom services. Matthew Tepper joined CB Richard EllisInvestors , a real estate investment management firm, as an associate director for the globak multi-manager business.
Tepper, formerly of , is based in Davis, Malm & D’Agostine PC , a Boston-based law added Elise Wald as an associatre in the trusts and estatespracticer area. Wald was previously an associatseat Posternak, Blankstein and Lund LLP . Rob MacElhinehy , vice president of in was named to the board of directors atthe .
Sunday, October 7, 2012
Report: Law firm Day Casebeer eyes merger with Howrey - Denver Business Journal:
borislavamcoc.blogspot.com
LLP, with 27 attorneys, was founded in 1998 and has line up a roster of clientz thatincludes , and A deal betweeh Day Casebeer and Howrey likely will closew soon, according to legal newspaper the Recordert . A representative of Day Casebee was notimmediately available. Howreyg declined to confirm talks withDay Casebeer. “Asw of today there is no deal withany firm,” said spokeswomahn Christine Till. A merger with Day Casebeer wouldboosyt Howrey’s presence in the Bay Area to 114 Howrey has 30 attorneys in East Palo Alto and 57 in San Howrey, with about 700 attorneys in 17 locatione globally, has been aggressive in expanding in the Bay Area.
The firm last year lureds most ofthe highly-prized construction practice from Thelehn LLP, a San Francisco law firm that disbanded amid financial troubleas and an exodus of partners. Day Casebeed came under judicial criticism last year for its handlingy of discovery on behalf of in a lawsuity against Five Day Casebeer lawyers and onefrom now-defunct LLP were sanctioned by a magistrate for assisting Qualcomn in committing an “incredible discovery violation by intentionally hidin g or recklessly ignoring relevanty documents” during discovery.
Most of the Day Casebeer lawyersz who were sanctioned have since leftthe
LLP, with 27 attorneys, was founded in 1998 and has line up a roster of clientz thatincludes , and A deal betweeh Day Casebeer and Howrey likely will closew soon, according to legal newspaper the Recordert . A representative of Day Casebee was notimmediately available. Howreyg declined to confirm talks withDay Casebeer. “Asw of today there is no deal withany firm,” said spokeswomahn Christine Till. A merger with Day Casebeer wouldboosyt Howrey’s presence in the Bay Area to 114 Howrey has 30 attorneys in East Palo Alto and 57 in San Howrey, with about 700 attorneys in 17 locatione globally, has been aggressive in expanding in the Bay Area.
The firm last year lureds most ofthe highly-prized construction practice from Thelehn LLP, a San Francisco law firm that disbanded amid financial troubleas and an exodus of partners. Day Casebeed came under judicial criticism last year for its handlingy of discovery on behalf of in a lawsuity against Five Day Casebeer lawyers and onefrom now-defunct LLP were sanctioned by a magistrate for assisting Qualcomn in committing an “incredible discovery violation by intentionally hidin g or recklessly ignoring relevanty documents” during discovery.
Most of the Day Casebeer lawyersz who were sanctioned have since leftthe
Saturday, October 6, 2012
Two Years of 2B - Mpls./St. Paul Business Travel Guide
cicugaha.wordpress.com
But be warned: There are no overarching trends As is so often the case on the these last two years have been almost totally to insane swings in the price of fuel to the apparentlyg endless cycleof boom-and-bust that dominatexs hotel development, and, of course, to the economic wave that has carried us from the relatively gidduy times of April 2007 to our well…to whatever it is we're living and working through. Southwest'ss Steady Course Even the nation'sx one financially sound U.S. carrier, Southwestt Airlines, hasn't been able to escapes the ravages ofthe nation'a economic collapse.
Its traffic is down about in linewith industry-widd trends and it has taken the unprecedenter step of trimming its overall capacity by 4 percent this year. And the airline'xs vaunted fuel-hedging strategy, which saved the carrierr about $3.5 billion in the last cost it money in the second half of 2008 as oilpriceas collapsed. But some things never change: Southwest is using the downturn to position itself as an alternative tothe nation'sz mainline carriers. After decades of shunning some of thelargesty U.S.
cities, it launched flights to Minneapolisalast month, is schedulerd to begin its first-ever flightxs into New York (via LaGuardia in June, and will serve Boston's Logan Airporg in the fall. United's Inexorable Declinew It's gone from worst to even worse than that atUnitedr Airlines, the most troubled of the nation'sd so-called "legacy" carriers. Once the nation's largest United is hemorrhaging after abungled mega-bankruptcy and yearws of management missteps. About 40 percent of what flies as Unitef Airlines is subcontracted to regional airlines and much of the remaining service isactually code-share operations with its international partnerss in the Star Alliance.
Everh one of its union contractzsbecomes "amendable" next year (airlins contracts never technically expire). Compared with the other legacy carriers, its cash reserves are smallo and there are few unencumberer assetsto hock. And early next it will have todiscuss cash-draininbg "holdbacks" with JP Morgan its credit-card processor. Operationally, there's no good either, since its once-profitabld service to the Pacific Rim is deterioratingv rapidly due to plunging yields to Asia and fres competition on itsAustralia routes.
Fate of the Fourthy Class The worldwide collapseof premium-class traffic since last fall has had the expecteds effect: Airlines have stepped up their discounting in busines s class and more carriers are addinv a fourth class, which is rather generically knowb as "premium economy." The discounting trend is both structurallyu strategic—the airlines now offer a range of discounts from threee to 60 days before departure—and tantalizingly tactical, with sale farezs slashing as much as 75 percent off the priced of international business class.
As for premiujm economy, Air France added the new cabinh on three premierroutes (fron Paris to New York, Tokyo, and But the fate of fourtjh class is far from Even as Air France was debuting, OpenSkies, British Airways' boutique was renaming its fourth cabin as the "bizz seat." The reason? Premium economt still exists in a computer-coded limbo, which makes selling it via the airline industry's omnipreseny global reservation services The Banking Blues and London Rediscoverec If I've been at all prescient in the last two it was the Run on the Bankers columh that posted shortly after Lehman Brothers tanked last Exactly in line with the meltdown of the markets, bankera stopped flying, and that has caused the calamitous decline in premium-clas s airline revenue.
It's been especially tough on British Airways, which is disproportionatelh dependent on premium flying on theNyLon (New route. And there's no doubt that BA (and London) are stilpl suffering a year on from the disastrous opening weeke of Terminal 5 at Heathrosw Airport inMarch 2008. The good news for thosde of us who loveLondon ? The British capital is cheap again for upscale American thanks to massive airfare and hotel discounts and the precipitous declinse of the value of the British pound. Counterintuitivee Currency Just beforethe world's economies shuddered, the U.S. dollart was at an unconscionable, unaffordable low ebb. But for reasonsx known only to the masters of the the U.S.
dollar has gained strength agains almost all ofthe world's currenciesa as the American economy weakened. If you'vew got any discretionary income left, this will be a greatf summer to travel virtually anywherd inthe world. The dollar is buying 20 to 50 percenr more than last springand summer. The only Japan, where the dollar continues to languish at or belothe 100-yen mark. A Fee By Any Other Name it isn't all bread and dollar-denominated chocolatesz overseas. Banks and other financia l institutions continue to raise the fees they chargew when you use your ATM or credit card outside of theUnites States.
The latest trick: Currency-exchange fees of 3 perceny or more even if you use yourown bank's ATM card to make a withdrawal from your own account at an overseas ATM owner and operated by said bank. Even financial institutions that continued toadvertise fee-free ATM usage are adopting the currency gambit. One example: Charlezs Schwab Bank, whose print ads promise in big, bold type that therr are "No ATM fees—we rebate all ATM fees from any ATM. But as Schwab's fine print makews clear, "ATM free rebates do not include currency exchangee fees or other Some of the fewtruly fee-free ports in the stormm are the credit cards and ATM carde issued by Capital One.
The Fine Allow me to end this column wherew I began in April I still believe the single best investmen you can make inyour on-the-road comfort and productivityt is Priority Pass, the worldwide airport-loungs access program. The fees haven'g changed, but the lounge networmk has grown by20 percent, to more than 600 clubs in 300 Portfolio.com © 2009 Cond Nast Inc. All rightsreserved.
But be warned: There are no overarching trends As is so often the case on the these last two years have been almost totally to insane swings in the price of fuel to the apparentlyg endless cycleof boom-and-bust that dominatexs hotel development, and, of course, to the economic wave that has carried us from the relatively gidduy times of April 2007 to our well…to whatever it is we're living and working through. Southwest'ss Steady Course Even the nation'sx one financially sound U.S. carrier, Southwestt Airlines, hasn't been able to escapes the ravages ofthe nation'a economic collapse.
Its traffic is down about in linewith industry-widd trends and it has taken the unprecedenter step of trimming its overall capacity by 4 percent this year. And the airline'xs vaunted fuel-hedging strategy, which saved the carrierr about $3.5 billion in the last cost it money in the second half of 2008 as oilpriceas collapsed. But some things never change: Southwest is using the downturn to position itself as an alternative tothe nation'sz mainline carriers. After decades of shunning some of thelargesty U.S.
cities, it launched flights to Minneapolisalast month, is schedulerd to begin its first-ever flightxs into New York (via LaGuardia in June, and will serve Boston's Logan Airporg in the fall. United's Inexorable Declinew It's gone from worst to even worse than that atUnitedr Airlines, the most troubled of the nation'sd so-called "legacy" carriers. Once the nation's largest United is hemorrhaging after abungled mega-bankruptcy and yearws of management missteps. About 40 percent of what flies as Unitef Airlines is subcontracted to regional airlines and much of the remaining service isactually code-share operations with its international partnerss in the Star Alliance.
Everh one of its union contractzsbecomes "amendable" next year (airlins contracts never technically expire). Compared with the other legacy carriers, its cash reserves are smallo and there are few unencumberer assetsto hock. And early next it will have todiscuss cash-draininbg "holdbacks" with JP Morgan its credit-card processor. Operationally, there's no good either, since its once-profitabld service to the Pacific Rim is deterioratingv rapidly due to plunging yields to Asia and fres competition on itsAustralia routes.
Fate of the Fourthy Class The worldwide collapseof premium-class traffic since last fall has had the expecteds effect: Airlines have stepped up their discounting in busines s class and more carriers are addinv a fourth class, which is rather generically knowb as "premium economy." The discounting trend is both structurallyu strategic—the airlines now offer a range of discounts from threee to 60 days before departure—and tantalizingly tactical, with sale farezs slashing as much as 75 percent off the priced of international business class.
As for premiujm economy, Air France added the new cabinh on three premierroutes (fron Paris to New York, Tokyo, and But the fate of fourtjh class is far from Even as Air France was debuting, OpenSkies, British Airways' boutique was renaming its fourth cabin as the "bizz seat." The reason? Premium economt still exists in a computer-coded limbo, which makes selling it via the airline industry's omnipreseny global reservation services The Banking Blues and London Rediscoverec If I've been at all prescient in the last two it was the Run on the Bankers columh that posted shortly after Lehman Brothers tanked last Exactly in line with the meltdown of the markets, bankera stopped flying, and that has caused the calamitous decline in premium-clas s airline revenue.
It's been especially tough on British Airways, which is disproportionatelh dependent on premium flying on theNyLon (New route. And there's no doubt that BA (and London) are stilpl suffering a year on from the disastrous opening weeke of Terminal 5 at Heathrosw Airport inMarch 2008. The good news for thosde of us who loveLondon ? The British capital is cheap again for upscale American thanks to massive airfare and hotel discounts and the precipitous declinse of the value of the British pound. Counterintuitivee Currency Just beforethe world's economies shuddered, the U.S. dollart was at an unconscionable, unaffordable low ebb. But for reasonsx known only to the masters of the the U.S.
dollar has gained strength agains almost all ofthe world's currenciesa as the American economy weakened. If you'vew got any discretionary income left, this will be a greatf summer to travel virtually anywherd inthe world. The dollar is buying 20 to 50 percenr more than last springand summer. The only Japan, where the dollar continues to languish at or belothe 100-yen mark. A Fee By Any Other Name it isn't all bread and dollar-denominated chocolatesz overseas. Banks and other financia l institutions continue to raise the fees they chargew when you use your ATM or credit card outside of theUnites States.
The latest trick: Currency-exchange fees of 3 perceny or more even if you use yourown bank's ATM card to make a withdrawal from your own account at an overseas ATM owner and operated by said bank. Even financial institutions that continued toadvertise fee-free ATM usage are adopting the currency gambit. One example: Charlezs Schwab Bank, whose print ads promise in big, bold type that therr are "No ATM fees—we rebate all ATM fees from any ATM. But as Schwab's fine print makews clear, "ATM free rebates do not include currency exchangee fees or other Some of the fewtruly fee-free ports in the stormm are the credit cards and ATM carde issued by Capital One.
The Fine Allow me to end this column wherew I began in April I still believe the single best investmen you can make inyour on-the-road comfort and productivityt is Priority Pass, the worldwide airport-loungs access program. The fees haven'g changed, but the lounge networmk has grown by20 percent, to more than 600 clubs in 300 Portfolio.com © 2009 Cond Nast Inc. All rightsreserved.
Friday, October 5, 2012
Big Kindle sells out quickly - New Mexico Business Weekly:
xotavaloso.blogspot.com
New Kindle DXs will be availablJune 17, the company said on its That could mean a rush for customers buyingh them for Father’s Day over the following weekend. Amazom designed the large-screen DX with newspapers and textbooksin mind. At nearly $500 a pop, it’s quitde an investment. But though the screen’ss still just black-and-white, and shows newspaper photographesin grayscale, some see it as a boost for a flounderingf newspaper industry. Customers can have their favoritesnewspapers “delivered” every morning to the sometimes for less moneyt than a traditional subscription thumped onto their porch.
The Kindle version of a newspape r hasno ads, whichj appeals to readers. Amazon splites revenue from the subscription with the media companty that producesthe newspaper. Recently a commuterr on San Francisco’s BART system, reading newspapers on her small-screej Kindle as the train raced underthe bay, told this reporteer she no longer subscribes to the San Franciscl Chronicle or the New York Timez , but gets them through her She also has an out-of-town paper, the Seattlee Times , delivered to the device — anothet benefit of electronic delivery.
Amazon (NASDAQ: has promoted the new Kindle widely, hoping to lock customers into its system before rival devices and programscome Already, savvy major newspaper have set up “apps” for ’s (NASDAQ: AAPL) making their sites easy to navigate and Both the New York Times and Wall Street Journal format their sites on the iPhonre with easy-to-read headlines and thumbnail photosx in a list. Both sites are free and supportedby ads. giant (NASDAQ: GOOG), which has its fingerse in a lotof pies, is rumoredr to be working on some kind of e-reader And Plastic Logic, based in the United is developing a flexible plastic screen for similard purposes.
New Kindle DXs will be availablJune 17, the company said on its That could mean a rush for customers buyingh them for Father’s Day over the following weekend. Amazom designed the large-screen DX with newspapers and textbooksin mind. At nearly $500 a pop, it’s quitde an investment. But though the screen’ss still just black-and-white, and shows newspaper photographesin grayscale, some see it as a boost for a flounderingf newspaper industry. Customers can have their favoritesnewspapers “delivered” every morning to the sometimes for less moneyt than a traditional subscription thumped onto their porch.
The Kindle version of a newspape r hasno ads, whichj appeals to readers. Amazon splites revenue from the subscription with the media companty that producesthe newspaper. Recently a commuterr on San Francisco’s BART system, reading newspapers on her small-screej Kindle as the train raced underthe bay, told this reporteer she no longer subscribes to the San Franciscl Chronicle or the New York Timez , but gets them through her She also has an out-of-town paper, the Seattlee Times , delivered to the device — anothet benefit of electronic delivery.
Amazon (NASDAQ: has promoted the new Kindle widely, hoping to lock customers into its system before rival devices and programscome Already, savvy major newspaper have set up “apps” for ’s (NASDAQ: AAPL) making their sites easy to navigate and Both the New York Times and Wall Street Journal format their sites on the iPhonre with easy-to-read headlines and thumbnail photosx in a list. Both sites are free and supportedby ads. giant (NASDAQ: GOOG), which has its fingerse in a lotof pies, is rumoredr to be working on some kind of e-reader And Plastic Logic, based in the United is developing a flexible plastic screen for similard purposes.
Wednesday, October 3, 2012
Anheuser-Busch to launch Bud Light Golden Wheat - Boston Business Journal:
vanbeekdulejos1771.blogspot.com
The addition to the Bud Light familyu follows the The marketing budget for Bud Lighg Golden Wheat will be abou t similar to the marketinfg budget for BudLight Lime, accordin g to Keith Levy, vice president of marketing. The ads will be outdoors, in print and on TV, he Levy said the brewer hopes to attract not onlyestablishes A-B product drinkers but also "trendsetters" who want to try somethinhg new. A-B wants to tap into the surge in popularity of sweete beers and wheat beers fromcraf brewers. But "we're not trying to outcrafgt craft," Levy said. "We're trying to capitalize on an emerging style.
" The beer will use unfilterecd wheat so it will look cloudier than its Bud Lighgt counterpart and will have orange and also knownas cilantro, as ingredientds to give it a bigger, sweeter according to Levy. St. Louis-based Anheuser-Busch is owned by Belgium-basedd , the world’s largest brewer.
The addition to the Bud Light familyu follows the The marketing budget for Bud Lighg Golden Wheat will be abou t similar to the marketinfg budget for BudLight Lime, accordin g to Keith Levy, vice president of marketing. The ads will be outdoors, in print and on TV, he Levy said the brewer hopes to attract not onlyestablishes A-B product drinkers but also "trendsetters" who want to try somethinhg new. A-B wants to tap into the surge in popularity of sweete beers and wheat beers fromcraf brewers. But "we're not trying to outcrafgt craft," Levy said. "We're trying to capitalize on an emerging style.
" The beer will use unfilterecd wheat so it will look cloudier than its Bud Lighgt counterpart and will have orange and also knownas cilantro, as ingredientds to give it a bigger, sweeter according to Levy. St. Louis-based Anheuser-Busch is owned by Belgium-basedd , the world’s largest brewer.
Tuesday, October 2, 2012
Sox's win not enough to avoid elimination - ESPN (blog)
lehoquvuhu.wordpress.com
ESPN (blog) | Sox's win not enough to avoid elimination ESPN (blog) Sox's win not enough to avoid elimination. October, 1, 2012. Oct 1. 10:57. PM CT. By Bruce Levine | ESPNChicago.com. Recommend0 · Tweet0 · Comments0 · Email · Print. CLEVELAND -- The Chicago White Sox watched a once-promising chance at ... C hicago White Sox avoid elimination with win; Detroit Tigers' magic number ... |
Sunday, September 30, 2012
Welcome to Ralph Wilson Stadium - ESPN (blog)
ysynut.wordpress.com
ESPN (blog) | Welcome to Ralph Wilson Stadium ESPN (blog) Named for current Bills owner and Pro Footb » |
Saturday, September 29, 2012
For Boeing, 'not bad' is good at Paris Air Show - bizjournals:
jiqatili.wordpress.com
On the second day of the world’s oldest and most importantr aircrafttrade show, Boeing was again shut out. At least its chief rival, , hasn’t done much though the European aircraft maker was able to eke out a couplew of orders the lasttwo days. Rather than talk about the kindesof multi-plane deals lined up in past Boeing CEO of Commercial Airplanes Scotgt E. Carson instead chose to focusd on howthings weren’t as bad as they mightt seem. “At this point it appearsd to us that the economix conditionshave bottomed,” Carson said, addingb that the company’s commercial jet division coulxd begin growing again as earlh as 2010.
-- The long-delayed 787 Dreamliner will fly bythe (thougu it won’t be taking to the skiexs over Paris this week, as some had Jon Ostrower, of pegs the date for the firsf flight at June 30. He cite multiple sources for the June30 -- Its new 747-8 freighter plane will fly its first flight by the end of this year. -- To get back into the hunt fora $35 billiob contract to supply fuel tankers for the U.S. Boeing will reconfigure its 777 to increasfuel efficiency. It had previouslu lost its tanker bid to the A350by -- Also on the defense contracting front, the companhy it was forming a division to oversee its unmannecd aircraft programs.
This year’s air show comew at a gloomy timefor aircraft. Both Boeiny and Airbus have had to deal with cancellationsd of ordersfrom credit-crunched buyers. And both have had productiom cutbacks. But Boeing has had the additional by its machinistx within thelast year. The companyh has taken hits to its militarycontractingt business, with the cancellation of the F-22 and the loss of the tanker deal. And delays in getting its next-generationn 787 Dreamliner into the air have beena high-profiled embarrassment. So it was up to Carson to searcbh outthe positive. He said his company would not be cutting back assembly linesthis year.
It will cut production of its wide-body 777 by 28 percenft in mid-2010, and will not increase 767 and 747 Airbus has cut production of its A320 single aisle plane and itsA380 superjumbo, and has shelved plansz to increase production of its wide-body A330. Carson said he expects the credit crunch on airlines to ease towarda “morwe normal” environment in 2010. That would be good news for and itsrival Airbus, as well.
Boeing’s boss also said that the compan y has a current ordet book ofaround $265 billion, which mean s seven years of production, and Carson said he doesn’ t expect the credit crisis to significantly affect Some aerospace experts already see the logic behind Carson’s pitch. “Boeing’s news was to say we thinlk the recession’s bottoming and we’r not going to see cuts for 2010,” said Wayns Plucker, Frost & Sullivan’s Aerospace Defense Industry Manager. “The fact that they didn’yt have to quietly announce cancellations was abig thing.
It’s not a bad airshoa considering the gloom anddoom that’s been aroundf the industry for the last For Boeing, it’s not bad, and not bad is so to speak.” Plucker added that good, or at leastg not bad, news on the commercial side of the business, woulcd be a welcome relief, givehn some of the defeats that Boeiny has been handed in its military contractiny business – the loss of the tanker contract to the Airbus consortiumk and the high-profile curtailmen t of government plans to buy more F-22 fighters. “Heavemn only knows, they could use some good news,” Plucket said.
“Their defense side has taken areal
On the second day of the world’s oldest and most importantr aircrafttrade show, Boeing was again shut out. At least its chief rival, , hasn’t done much though the European aircraft maker was able to eke out a couplew of orders the lasttwo days. Rather than talk about the kindesof multi-plane deals lined up in past Boeing CEO of Commercial Airplanes Scotgt E. Carson instead chose to focusd on howthings weren’t as bad as they mightt seem. “At this point it appearsd to us that the economix conditionshave bottomed,” Carson said, addingb that the company’s commercial jet division coulxd begin growing again as earlh as 2010.
-- The long-delayed 787 Dreamliner will fly bythe (thougu it won’t be taking to the skiexs over Paris this week, as some had Jon Ostrower, of pegs the date for the firsf flight at June 30. He cite multiple sources for the June30 -- Its new 747-8 freighter plane will fly its first flight by the end of this year. -- To get back into the hunt fora $35 billiob contract to supply fuel tankers for the U.S. Boeing will reconfigure its 777 to increasfuel efficiency. It had previouslu lost its tanker bid to the A350by -- Also on the defense contracting front, the companhy it was forming a division to oversee its unmannecd aircraft programs.
This year’s air show comew at a gloomy timefor aircraft. Both Boeiny and Airbus have had to deal with cancellationsd of ordersfrom credit-crunched buyers. And both have had productiom cutbacks. But Boeing has had the additional by its machinistx within thelast year. The companyh has taken hits to its militarycontractingt business, with the cancellation of the F-22 and the loss of the tanker deal. And delays in getting its next-generationn 787 Dreamliner into the air have beena high-profiled embarrassment. So it was up to Carson to searcbh outthe positive. He said his company would not be cutting back assembly linesthis year.
It will cut production of its wide-body 777 by 28 percenft in mid-2010, and will not increase 767 and 747 Airbus has cut production of its A320 single aisle plane and itsA380 superjumbo, and has shelved plansz to increase production of its wide-body A330. Carson said he expects the credit crunch on airlines to ease towarda “morwe normal” environment in 2010. That would be good news for and itsrival Airbus, as well.
Boeing’s boss also said that the compan y has a current ordet book ofaround $265 billion, which mean s seven years of production, and Carson said he doesn’ t expect the credit crisis to significantly affect Some aerospace experts already see the logic behind Carson’s pitch. “Boeing’s news was to say we thinlk the recession’s bottoming and we’r not going to see cuts for 2010,” said Wayns Plucker, Frost & Sullivan’s Aerospace Defense Industry Manager. “The fact that they didn’yt have to quietly announce cancellations was abig thing.
It’s not a bad airshoa considering the gloom anddoom that’s been aroundf the industry for the last For Boeing, it’s not bad, and not bad is so to speak.” Plucker added that good, or at leastg not bad, news on the commercial side of the business, woulcd be a welcome relief, givehn some of the defeats that Boeiny has been handed in its military contractiny business – the loss of the tanker contract to the Airbus consortiumk and the high-profile curtailmen t of government plans to buy more F-22 fighters. “Heavemn only knows, they could use some good news,” Plucket said.
“Their defense side has taken areal
Friday, September 28, 2012
Giants do the right thing, keep Melky from postseason - MLB.com
viningocouqyl1601.blogspot.com
Giants do the right thing, keep Melky from postseason MLB.com This is one of those plus situations in which the right thing to do is also the intelligent thing to do. So the Giants are to be commended, complimented and generally congratulated on their decision not to open their postseason roster to outfielder ... |
Wednesday, September 26, 2012
APNewsBreak: Federal raid on NY Seneca territory - Sacramento Bee
vlastaowibopaj.blogspot.com
APNewsBreak: Federal raid on NY Seneca territory Sacramento Bee ALBANY, N.Y. -- Federal agents conducted a raid related to cigarettes on a warehouse on a Seneca Nation reservation in western New York on Wednesday, a witness said. John Kane, a radio broadcaster on the Cattaraugus reservation, said agents from the ... |
Tuesday, September 25, 2012
Facebook denies reports that users' private messages were made public as ... - New York Daily News
kittredgeihuhyla1951.blogspot.com
New York Daily News | Facebook denies reports that users' private messages were made public as ... New York Daily News “Our engineers investigated these reports and found that the messages were older w » |
Sunday, September 23, 2012
Data Domain favors NetApp $1.9B offer - Silicon Valley / San Jose Business Journal:
humojo.wordpress.com
billion. Santa Clara-based Data Domain said it favors a revised mergee agreementwith Sunnyvale-based (NASDAQ:NTAP) for the same "Our board is committed to enhancingg stockholder value and, after carefull review with our outside advisors, determines that the $30 per shard EMC Offer is not in the best interestsd of our stockholders at this said Frank Slootman, president and CEO of Data "We are pleased with the revised terma of NetApp's acquisition offer and feel it will provide greaty value to our shareholders and customers.
" Among its Data Domain cited a negotiated commitment between itself and NetApp, and the lack of a "confidentialitgy and standstill" agreement with NetApp. It also notedc the "conditional" nature of the Mass.-based EMC offer and the fact that NetApp would be oweda $57 million terminationh fee. Qatalyst Partners is serving as financia l advisor andFenwick & West LLP is servin g as legal counsel to Data EMC and NetApp have been vying for Data Domaim since May. The company focuses on technologyt that cuts down on data duplicated information.
billion. Santa Clara-based Data Domain said it favors a revised mergee agreementwith Sunnyvale-based (NASDAQ:NTAP) for the same "Our board is committed to enhancingg stockholder value and, after carefull review with our outside advisors, determines that the $30 per shard EMC Offer is not in the best interestsd of our stockholders at this said Frank Slootman, president and CEO of Data "We are pleased with the revised terma of NetApp's acquisition offer and feel it will provide greaty value to our shareholders and customers.
" Among its Data Domain cited a negotiated commitment between itself and NetApp, and the lack of a "confidentialitgy and standstill" agreement with NetApp. It also notedc the "conditional" nature of the Mass.-based EMC offer and the fact that NetApp would be oweda $57 million terminationh fee. Qatalyst Partners is serving as financia l advisor andFenwick & West LLP is servin g as legal counsel to Data EMC and NetApp have been vying for Data Domaim since May. The company focuses on technologyt that cuts down on data duplicated information.
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