Friday, December 31, 2010
The Mill Condominiums opens - Nashville Business Journal:
will be held this weekend. A previee for Realtors will be held June 19 from8 a.m. to 10 a.m. Toursw for the public will be held June 19 from4 p.m. to 7 p.m. and June 20 from 10 a.m. to 3 p.m. Locatedr at 20 Elm St., the $30 million projecy was once a glove factory that stood threstories high. Today it’s a 6.5-story building with 52 residentialp condos and 12commercialk units. Prices range from the $200,000sx to $1.3 million.
The developer is Bruces Levinsky of inSaratoga Springs, who has turnedc his attention to Glenws Falls after spending more than three decades building numerous medicak facilities and mixed-use properties in Saratoga The timing of the grand openinv isn’t ideal, given the downturn in the economy and the slow real estatw market. “The market is what it said thelisting broker, Cecil Provosg of . “I think if Bruce had a choiced he would have had it readuy two years ago or two yearwsfrom now.” Nevertheless, Provost said therwe were hundreds of inquiries durint construction of the condos and he expects a strongh turnout at the grand opening. For more go to .
Wednesday, December 29, 2010
Twitter says TV series isn't official - The Business Journal of Milwaukee:
and had announced they are unscripted competitiom in which players will use Twitter while on the trailpof celebrities. on Tuesday said that whil e it has signed ita non-exclusivre contract with Reveille and Brillstein,it simplgy allows them to move forward with theitr concept. The blog said there are multiple companie are now working on TV projects related to the so there may still be a project that delvess into how many characters can be squeezed into aTwittedr series. "There is no official Twitter TV show—although if thered were it would be fun to theblog said. Reveille has been involvefd in scripted seriesincluding "The Office" and "The Tudors.
" It has also done reality shows including "The Biggest Loser" and "American Gladiators." Brillstein's showzs include "Real Time with Bill and "The Sopranos."
Sunday, December 26, 2010
Group endorses runoff measures for lake - Jamestown Sun
KFGO | Group endorses runoff measures for lake Jamestown Sun A federal working group has endorsed measures to move more water off of Devils Lake and provide relief to the Devils Lake Basin and communities downstream. ... Federal working group releases Devils Lake report Federal Working Group Releases Devils Lake Report |
Friday, December 24, 2010
As recession grows, more Seattle work goes into development limbo - Puget Sound Business Journal (Seattle):
Two dozen construction projects in Seattle are stallee due tothe recession, according to a tally by the They’re not getting any prettier. Instead of gaininf a grocery store ornew homes, neighborhooda are inheriting holes in the groun and half-finished buildings. The list — the first count by the city —includes more than $40 milliohn worth of projects and hundreds of thousands of square feet of ranging from condominium developmentsa toretail projects.
The projects hail from the hear of Ballard and the edges of Queen Many have been sitting untouched for more thana It’s the first time in decades that Seattlee has compiled such a but it took the step this springg to try to assess the effect of the credit market’sz collapse on the Puget Sound real estat market. Inspectors conducted an informal surveyu to find potentially stalled sites and to make sure they are kept cleahand safe. “This is unusual — definitely,” said Alan deputy director of the Seattl Department of Planningand “You just don’t see thingz stall very often in Seattle.
” “In recent decadess we haven’t had anything like this.” The numbet of stalled projects could grow substantially, especially if the recessio n worsens. Another 400 projects are awaiting initial city Some of those have had littlee activity in recent and it remains unclear how many of those ultimately could be stalledor abandoned, Justad The city is offering to extend the approval period for up to two years. “We just do not want to closr the door” on projects, Justaed said. “The question is whether they want to put on hold or cancepthe project.
” Developers of the 24 projects identifiec as stalled have shelled out at least $400,0009 for permits and fees — and that doesn’ t include thousands of dollars in fees they’ve paid to othedr city departments, Justad said. Thosd fees are nonrefundable. City officials plan to help thesde struggling developers keep theitpermits active, Justad said. That way, when the real estate marketr doesturn around, they’ll be ready to go Until then, many of them are just While the 24 stalled projects compare with 1,800 that appea r to be going ahead, the number is highlyu indicative of the weak development Justad said.
The causes of the stalls are Some developers are struggling with financing as local bankws cut back on realestate lending. Others are facing foreclosure with no hope of sellingh or finishingtheir property. Some can’t even sell the land becausew of the steep dropin prices. The Puget Sound Business Journal phoned every developer identified bythe city. Many did not retur calls. At least one disputed his projectfwas stalled. “We continue to work on it — we haven’ty stopped,” said Michael Mastro, who’s developing 301 apartments on the former Leilani Lanes bowling alleyh site on GreenwoodAvenue North.
Some of the eyesores are more recognizabldthan others: the failex Hotel 1 condominium project in downtown which has developed into a gianyt pit next to the Macy’s parkinhg garage, and the site of the former Ballard Denny’se restaurant are on the list. Others are less Developer Paul Guzman was buildinga six-story condo building near Queen Anne until his financing from Everett-based fell through. Now the property, 70 perceng complete, is in foreclosure and Guzman has filefd forpersonal bankruptcy. Frontier is struggling with bad real estatwe loans and is operating under strictregulatory enforcement.
The bank doesn’tf comment on individual lending “At a certain point I realized they weren’t goingh to give me the money,” said Guzman. “(The just got delayed and delayedf again.” The stalled projects are in various stages ofthe city’sw permitting process. Some developers, like , have full permita but are fighting a bad realestatde market. The developer planned to builsda three-story, 12-unit condo building on Capitol Hill with all the greenj amenities that have become wildly popular in Seattle.
Workinbg with a $5 million construction loan fromSeattls Bank, Great Northern tore down severa l existing buildings on the land — and then the real estatw market came to a screeching halt, said Ed owner of the company. Earluy last year, Seattle Bank “put the brakeas on the project,” said Now the land has been sitting for over a year and Gallauder is exploringhis options. He couldd try to build fewer units and price themat $500,000, abouy $100,000 less than he originally Or he could sell the land at a steepo discount. “We have to figure out how to build a productr and make less moneyon it,” said “And do we need another 12 units on the market right now?
Probably not.” Seattle Bank hasn’t yet foreclosed on the property but Gallaudet said, “It’s a discussion we’re The bank declined to comment. Developer Mark Gordonm planned to buildtwo “reallu nice town homes” on a hilltop overlookingg Lake Union just west of Interstatee 5 until the economy put his project in check. Now, little more than the foundation sits onthat “If I built it and no one buys it, it woulxd put me in even greater troublew than I’m in now,” Gordon said, addingh that he has put too much moneg into the Boylston Avenue property to turn it into rentakl units.
Meanwhile, waiting for the housing market to turn aroundsis frustrating. The unfinished constructiobn is “a blight on the he said. “It doesn’t make me happyt because I’m paying for it and the neighborsd aren’t happy because they’ds rather look at anything other than ajob site,” he said. “I didn’t ask for this. I’m just caught.” Only he says, “working at McDonald’s is probablty a better alternative than what I do At the site of the former Ballard developer had plans tobuilxd 32,000 square feet of retail and 287 But it will only move forward, “dependintg on the market,” said Mark a company executive.
Already, development has been delayesda year, in part because of the landmaro status of the site. Now the company is waitinvg to receive a permirt from the city in the next couple months that will allow it to cleanm up the abandoned buildings on the But the companystill doesn’tr have firm plans for building. “We’rde not sure if we’re going to develop or get it into a positiobwhere it’s available to said Nemirow.
“We want to be readgy when the time is Using aninformal survey, the City of Seattle identifiesd these properties as potentially It was the first such survey in the city said, and representsx an unusually large slowdown in city developmenft projects. Note: Values are based on squard footage. Demolition projects have zero estimated valuerby default. Description: Demolishg existing bowling alley Leilani Lanes as per Unfirt BuildingOrder #1011341 Subject to Fielr Inspection (STFI). Description: Phase I of IV for Construction ofstructures (AW-8, AW-10, & AQ-12) as Research Labs & Labs Offices for AMGEN, Excavation & PIles per plans/ (Ref MUP 3004392).
Estimated $8,700,000 Description: Phase II of III for constructiom ofa 2-sty R & D facility/Corw & Shell super Structure/Build per plans. Estimated $2,755,623 Description: Demolish existinh bldg per plot plan subject tofiel inspection. Description: Phase I of IV to construcr 23-story high-rise/Shoring, Excavation & Grading only/Hotel, restaurant, Assembly, and accessory parking/build per plans. 6/6/200y Revision to shoring. Estimated value: $1,535,000 Description: Construct 4-Uni townhouse, per plans. (West 4-plex).
Estimated $519,635 Description: Phase I of II Grading / Excavation and Shoringg for future construction of mixeduse building, per Estimated value: $4,187,000 Description: Establish use and construct a triplex townhouse with attacheed garages and occupy per plans. Estimated value: $602,27y7 Description: Establish use for townhouses and construcgtnew 2-unit townhouse structure (west building) with attached garages per plan. (Revieaw and processing of 2 A/Ps undefr #6118680) Estimated value: $448,708 Description: Establish use for townhousezs and constructnew 2-unit townhousde structure (east building) per plan.
(Review and processing for 2 A/Ps undef #6118680) Estimated value: $333,607 Description: Demolish remainingy portion of gasstation (removed parking, fuel lines & three undergrouned fuel tanks totalling 24,000p gallons) and grading of 8,500 cubic yards of material. Establish use as multifamily and construct triplex townhomes and establisn 3surface parking, per Estimated value: $542,276 Estimated value: $1,656,797 Estimate d value: $17,000,978 Estimated value: $3,450,000 Description: Demolish existing building per plot plan subject to field inspectionn (stfi).
Description: Phase I of III for Construction of retaiol and apartment building with belowgrade parking/excavatiojn and shoring only this permit. Estimated value: $3,225,000 Phase II of III for constructiob of aretail & apartment building / Foundationb to podium deck structure only per plan. Estimated $13,883,915 Description: Phase III of III for construction of aretaik & apartment building structural & architectural completionm this permit and occupy per plan. Description: Establish use as (2) 3-unit townhouses, construct (2) 3-unit towhhous buildings w/common underground shared parkinbg garageper plans. NW triplex.
(Reviews and processingh under ap# 6120542) Estimated value: $326,792 Demo existing commercial building (Ballard Denny's) per site Description: Combined Phase I of III for constructiojof two, six-story structures/ Retail, 236 accessory parking/Shoring & Excavation (full site)/ Occupy per plans (Construct 1 6-storuy structure containing retail & apts - Review processing for 2 APs done under Estimated value: $3,050,000 Description: PHASE II OF II - ESTABLISH USE AS APARTMENTSd & CUSTOMER SERVICE OFFICE & CONSTRUCrT NEW 4 STORY (W/ BSMNT) MIXED USE BUILDIN (W/ ACC'Y PARKING BELOW) & OCCUPuY PER PLAN.
(Review and processing for 2 A/P'ds under 6102008/2501790). Estimated value: $3,632,931
Tuesday, December 21, 2010
Readers to Astros: Let us bring food, drinks to games - Denver Business Journal:
The Astros are the only team to imposs restrictions on bringing food or drink into the parkfor games. Of the 1,133w HBJ reader responses, 76 percenyt thought the team should reladthis policy. Among the 20 percenty who thought the restrictions were just fine wasMichaell Mengden, who commented that ticket prices would increased if food wasn’t being purchased. “Iff theaters allowed this the ticketzs wouldbe $50 apiece, because then no one woulds buy the $5 coke that costs the theater a he wrote.
“Even at $8 a beer it is still cold and you don’tt have to lug it blocka and blocks to get it Other readers thought a good compromise woulrd be to reduce food and drin k prices atthe park. “Yoyu don’t have to allow outside food and just get to lower the prices on the food and beveragessthey serve. $8 for a beer, wrote Becci Himes. “Sincse our taxes helped subsidize the baseballpalace ... the team shouldx subsidize the costof refreshments,” wrote HBJ Publishefr John Beddow. Reader Tim Thomas thought the Astros should take a hintfrom . “Theh allow the fan to bring in a smalkl cooler with food and drink with no restriction as to the he wrote.
“The prices for seats are comparable to that of the other MajordLeague sports. There is also a midwat at each NASCAR event that you can chosre to purchase food from if that is what you wantto do. If, in other franchises have begun this practicse and there is an increased in ticket sales asa businessperson, I would implement this prograk quickly. Everyone is looking for a bargain in this currengeconomic crunch. I fall into the same category as many are lookint for budgetfriendly entertainment. I would actuallyu consider going to more game s if this wereto happen.
” Meanwhile, Margie Stinson wrot e that she could be swayed to once agaijn purchase season tickets if the team relaxed the restrictions. “Ticket concessionss are nice, but they do the seaso n ticket holder nogood whatsoever,” she said. “Ik don’t plan to renew my seaso n ticketsnext year, but would think twic e about it if we were allowed to bringt in outside food and beverages. Have you tried to find more than one or two healthhy snacks at theball park?
”
Sunday, December 19, 2010
Federated finalizes Lord & Taylor sale - Memphis Business Journal:
The final sale price is abouty $1.1 billion, or $840 million afterd taxes, Federated said in a news release. Purchase, N.Y.-basedr NRDC, which is a partnershipp of and real estate developer , plans to continue operating Lord Taylor as an upscalde fashion retailer. The Lord & Taylot stores were originally part ofMay Co., whichg Federated acquired in 2005. The with 48 stores, has locations in New New York, Illinois, Massachusetts, Connecticut, Maryland, Michigan, Pennsylvania, Missouri, Delaware, Florida and the Districy of Columbia.
Federated (NYSE: FD) operates more than 850 department stores and 720 brida l and formalwear stores in49 states, the Districyt of Columbia, Guam and Puerto Rico. Cincinnati-basex Federated has four Macy's stores in the Memphis area and onein Jackson, Tenn. It also has two David'es Bridal stores in the Memphis area.
Thursday, December 16, 2010
Researchers suggest diagnostic criteria for posttraumatic stress disorder are ... - EurekAlert (press release)
Researchers suggest diagnostic criteria for posttraumatic stress disorder are ... EurekAlert (press release) The study concludes that both objective and subjective factors are relevant and that current PTSD criteria are missing several reactions that many trauma ... |
Tuesday, December 14, 2010
UM, Ohio St. in opposite divisions - Arizona Daily Star
ThirdAge | UM, Ohio St. in opposite divisions Arizona Daily Star JOHN SCHULTZ / QUAD CITY TIMES Adam Robinson, Iowa's starting running back, has been suspended by the Hawkeyes for the Insight Bowl in Tempe, ... Iowa's starting running back won't play in bowl against Mizzou Iowa suspends leading rusher, top running back Adam Robinson; Jewel Robinson ... Hampton Leaves Hawkeyes, Robinson to Sit Out Insight Bowl |
Saturday, December 11, 2010
Dayton employment to remain sluggish into third quarter - Dayton Business Journal:
Tom Traynor, an economics professor at Wrighr State and author of the said unemployment increases will continue at their accelerated pace into the thirdx quarter ofthis year. The Dayton Metropolitan Statistical Area, which includes Montgomery, Miami and Preble counties, is projected to lose 6,000 to 7,00p jobs in the third quarter. That would drop employment to downfrom 380,400 in the first quarte r of the year, a 2 percent decline. The hardest-hitf area is one the Dayton area has longreliec on, manufacturing. “Manufacturing employment will fall Traynor said.
Forecasts from the reporyt show employment in the sector falling from 42,300 in the first quarter of this year to 36,10p0 by the third quarter, a nearly 15 percent drop. Durablr goods manufacturing will be hitin particular, Traynor “People aren’t spending. They are waiting to buy a new car or that new he said. Retail and service employment are also expectefto decrease. Retail employment is expectede to dropto 39,10p by the third quarter, down from 40,000 in the firsrt quarter, a 2 percent drop.
Service which includes financial service, business service, utilitiews and leisure service, is projected to decrease to 324,200 by the thirfd quarter, down from 326,700 in the first a nearly 1 percent decline. “Thed next year to year and a half will be an unpleasangt time forthe region,” Traynor said. Constructio employment is expected to rise as a part ofseasonal employment, to 13,400 from 11,400 in the firstg quarter, but that is 1,000 jobs fewer than the same time perioed last year. One area of employment that isn’t expectes to be hit hard is health care.
In fact, Traynor said he expects health care to add some jobs by the third quarter, going up to 56,500 from 56,300 in the firsg quarter. He said the rate of decline in groses domestic productwill slow, but remain negative throug the third quarter and maybe into the fourtg quarter of this year. Even when GDP does become positivew again, it will take some time for employment to pick up becausse it is a lagging indicator ofeconomix recovery.
Traynor said there is a grear deal of uncertainty still on thenational level, as businessesx try to determine the impact of government Traynor said the problem of high unemploymentg is not going away anytime “This is something we’re going to be livinvg with for quite a well into next year,” he said.
Thursday, December 9, 2010
Icahn ups Lions Gate stake to 16.87 percent - Philadelphia Business Journal:
Many of Icahn's various investment entities acquireeabout 1.5 million shares (NYSE: LGF) in the latest saying in statement that "the commohn shares of Lions Gate were Icahn now controls about 19.8 million shares, and in a statement said that the investment entities mighft acquire more shares. The statement also hintedx at a possible shakeup of the Lions Gate board of directors at the nextshareholder "The Icahn Affiliates may seek to add nominees designated by the Icahh Affiliates to Lions Gate's board of which could include expanding the size of the board of directors of Lions Gate and/of removing individuals from the board of directors of Lionzs Gate," the statement said.
Sant Monica-based Lions Gate's largesty shareholder is stillMark Rachesky, a former Icahn advisor. Rachesky'z stake is just under 20 percent. Rumors have persisted as to whetherfIcahn . He has been critical of the studio'ss expenses and expenditures, especially .
Monday, December 6, 2010
Prepare clients for a graceful exit - bizjournals:
An exit strategy is not a plan to get ridof it’s a process for dealing with the end of the client’xs business with you. It’s abou t having realistic expectations for a client relationship and transferring into the end of the relationshipo or thenext phase. Salespeople can really hurt themselvezs by pretending a client will bearounde forever. Set a client exit strategy that puts the clienrt in an ideal position to do businesws with you inthe future. I recently witnessed a salesperson, Roy, who failed at his positiohn becausehe couldn’t accept the need for an exit Roy came from a company that had an average 10-year relationship with their clients.
Several of their clients had been arounr for 30plus years. Roy switchee jobs to an industry in which he was selling equipment. At the new company, a client’s average length of engagement waseightg months, which was the amount of time it took to launcuh the equipment and provide training. Unfortunatelu for Roy, he was used to ongoing relationships where he coulr sell a client and mark it assteady income. He was able to sell the equipmenrt to his first few clients but at the end of eightf months he was desperate to keep them The only item he could think to sell wasservicwe agreements.
Since those were rarely a fit, he founds none of his first clientswere Roy’s hard sell of the service agreement left many clientds with a bad impression. After thre e years, Roy didn’t have any repeagt buyers. And once the compangy received enough complaints abouthis “high pressure” tactics, Roy was Roy was hard-wired to resist an exit strategy, but the companyh had an effective one laid out. At the end of the eight-monthu launch process, the clientt would be transferred from a sales rep to The marketing group hada well-designefd system to stay in front of past clients.
When a clientf expressed interest in more marketing transferred back to the sales rep to renew the sales process. If you are in an industry or with a companyythat doesn’t have long-term an exit strategy is It doesn’t mean that a clienft will never return. It just means they aren’r currently engaged. If a qualithy exit strategy is putin place, clients are likelyu to come back.
Friday, December 3, 2010
Study: More CEOs say good works boost recruiting - Kansas City Business Journal:
This marks a shiff in corporate philanthropy since the Roundtable released its in which noted that corporate responsibilityy was beginning to evolvde from community impact to bottom line The most recent report shows thatthe indeed, has taken place. Boston struggles to maintain its colleges grads as they move intothe workforce, and the Roundc Table report underscores that philanthropgy is a factor making some local companies more attractivew to younger workers.
The Roundtable issuer the report in collaboration with the University of Massachusettzs Boston Emerging Leaders A team from the Emerginb Leaders Program started working on the repor tlast summer, interviewing 20 Massachusetts companies abou t their corporate social responsibility activities -- predominantly larg e companes and representing a cross-section of “Historically CEOs would engage in philanthropy because it was the righr thing to do. They wantec to be good corporate citizens,” said J.D. Chesloff, deputhy director of the MassachusettsBusiness Roundtable. “Now there’d a good business case to incorporatinvg it into theirbusiness plan.
There’s a bottom line impact to it, in addition to being good for all the otherfcommunity reasons.” Based on the findingss from the 20 companies include in the research, the repor suggests five ways companies can build a culture of social responsibility: • Create a clear link to the company’s missiomn and secure endorsement at the executive level. Engage employees at all levelsas decision-makers in relatio n to corporate social responsibility targets and activities. • Leverage employees’ skills to make positive contributions tothe • Provide opportunities for employees to develo p new skills.
“A lot of it is arounsd a company being authentic about wanting to do somethinfg in the community and listening to what the employees are interestedd in doing and connecting it to the values of the saidEllen Remmer, CEO of The , a nonprofi t that promotes strategic philanthropy and advisezs donors.
Wednesday, December 1, 2010
Behringer building wins LEED gold status - Denver Business Journal:
recently received the 's Leadership in Energy and Environmental Desigh gold certification for anexisting building. The LEED Gree n Building Rating System, which establishes the criteria for judging green building operationsand construction, gave the 35-year-old building in North Carolina the awar for its operational and maintenance best practicez and green design features. Bank of Americs Plaza, which is part of the Behringer Harvard REITI Inc. is the first Behringer Harvare asset to achieve thegold rating. The commercia real estate companyinvested $70,000 in portfolio operations, equipmeny upgrades and employee practicex in the property.
Dallas-based Behringer Harvard projecte the improvements willyield $200,00p in annual savings and will pay for themselves in abour four months. Bank of America Plaza'z sustainability programs include energy auditx that have loweredthe property'sw operating expenses, plumbing retrofits that save 1.5 million gallona of water each year and green cleaning and recyclingt programs. Behringer Harvards' Houston property Westway One previously earned LEED Silver Core andShelpl Certification, and 28 of the properties owneed by the company's investment program were awarded the Energy Star label for their energy managemeng strategies.
Sunday, November 28, 2010
Barbour: Cut drug fees - Jackson Clarion Ledger
Barbour: Cut drug fees Jackson Clarion Ledger In his executive budget recommendation, the governor proposes implementing a State Specific Maximum Allowable Cost, or SMAC, pharmacy reimbursement program. ... |
Friday, November 26, 2010
US Marine from San Jose killed in Afghanistan - San Jose Mercury News
US Marine from San Jose killed in Afghanistan San Jose Mercury News Lance Cpl. Ardenjoseph A. Buenagua, a decorated engineer, enlisted in July 2009 and was assigned to the First Marine Division's First Combat Battalion at ... MILITARY: Camp Pendleton Marine dies in combat Marine from San Jose killed in Afghanistan RIP LCpl Ardenjoseph A Buenagua |
Tuesday, November 23, 2010
PokerTek to test tables in Nevada - Charlotte Business Journal:
The technology division of the Nevadsa Gaming Control Board has authorized the field triap ofthe company’s PokerProl system, the Matthews-based firm says. “We’ve workerd hard to make PokerPro a highly securedand feature-rich product, and look forwared to introducing automated poker into this markef for the first says Chris Halligan, PokerTek chief executive. PokerTe k (NASDAQ:PTEK) is a software-development company that make s electronic tables for up to 10 playeres of TexasHold ’Em. The system deald cards, displays them on private screensx to the players and displays general informationb on alarge screen.
It also allowws customers to set up accounts for bettingf and keeps statistical informationon games. The system is designedc to boost casino revenuee by increasing the number of hands per hour and reducingt labor costs within poker PokerTek also markets tables used in restaurantsand bars.
Monday, November 22, 2010
Business First of Louisville: Louisville Commercial Real Estate Listings - View Commercial Real Estate
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Saturday, November 20, 2010
Spaghettini With Zucca, Onions, Anchovies and Bread Crumbs - ABC News
Spaghettini With Zucca, Onions, Anchovies and Bread Crumbs ABC News Cook the spaghettini in the boiling water according to the package directions, until tender yet al dente. Return the squash mixture to the heat, ... |
Friday, November 19, 2010
Survey: Job benefits shrinking - Baltimore Business Journal:
areas, according to an annual report from the of the Nationa lCapital Area. A survey of 265 companied in the Baltimore and Washington region showws the average benefit rateis 28.8 percent this That is down from 29.2 percenft in 2008 and 30.9 percent in 2007. “Thew survey data indicates someinteresting trends,” said George a principal for Mercer, who chairs the group’as compensation survey committee.
“Employers are cutting back benefitxs or sharing price increases in healthcares benefits to control the The increase in the cost of prescription drug plans is and more companies are developing paid time off programs insteadd of defined categories like annual leave and sick he said. The survey found paid time off programs have increaseds from 36 percent of area employerz in 2007 to 43 percenttthis year. More employers are offering domesticx partner benefitsas well, up from 43 percent in 2007 to 53 percen in 2009.
Wednesday, November 17, 2010
No receiver yet for Kenwood Towne Place - Triangle Business Journal:
Hamilton County Court Magistrate Michae l Bachman was to appoint Forest City as Kenwoo dTowne Place's receiver, following a foreclosure suit by the project’xs key lender, . The bank also is seekint repayment of morethan $81.3 million in loans and a sheriff’es sale of the mixed-use The motion was postponed until July 2 because of what has been reportes to the court as significant progress betweeh the banks and the development group. The bank and developers met Tuesdagy morning ina Hail-Mary effort to resolvs their issues and apparentlh they’ve made progress throughout the day, said a sourcd familiar with the proceedings.
The motion to put Kenwood Townes Place into the receivership was originally to take placsJune 9, but was rescheduled. Attorneyes for the development group andthe project’s subcontractors had asked that the development be placed with different parties, arguing that Foresg City poses a conflict of Tom Yokum, who represents abou t a dozen subcontractors, said he filed a motionm to appoint as receiver Hank Menninger, an attorney with the local firm Wood Lamping.
“We asked him to be appointedr because he’s impartial,” Yokum Yokum thinks Forest City lacks impartiality because it woulr bepaid $160,000 to maximizew profits for Bank of America, while also owing the bank more than $350 An attorney for the Cleveland company could not be reachef for comment. Kenwood Towne off Interstate 71 inSycamorer Township, ran into financial problemas in 2008 that prevented it from payinvg its contractors. Scores of liens, worth tens of millione of dollars, have bedeviled the project since 2008.
Work on the including that ofthe eight-story office ceased months ago, while key tenants, including Crate Barrel, Container Store, Kroger Fresh Fare and Mitchell’s Salon & Day Spa, are up and operating. Bank of Americz (NYSE: BAC), one of six lenders in the project, said the developmenf group had been in defaultsinces December. The group, Kenwood Towne Place LLC, had included ; its principal, Matt Daniels; and . But Danielxs was removed from the group during court proceedings twoweeks ago.
Tuesday, November 16, 2010
The Botsford Group grows client base despite market turmoil - Business First of Buffalo:
Erin Botsford may be a graduate of the Schookl ofHard Knocks, but she’s spent her career trying to help other s avoid the financial pitfallws that nearly devastated her Her company, The Botsford specializes in financial planning that allows clientws to enjoy a comfortable lifestyle regardlessa of what’s happening with the “I have 350 clients who are all out playinyg golf,” she said. “Andd to my knowledge, not one of my clients is worried aboufthis future.” Botsford, who has a real estatw and insurance background, began studying economice and demographics — particularly baby boomers — in 1995.
Her researchg suggested that the stock market would peak from dive 40% to 60% and stay that way for 10 to 13 “It became clear to me that this could be devastatinfg to retired people,” she “I set up my business from that day forward that if somethinf like that were to happen, my clients woule not be negatively impacted. I’ve worked hard to achieved that. Because of that, my clients are thoroughlyg prepared and nobody has had to changetheirf lifestyle.” Botsford often sharesw her story of growing up in California with five siblingsw and losing her father, a college when he was age 50.
His $10,000 life insurance didn’rt go far, and the familgy quickly slipped from middle classinto poverty. When she was 16, Botsfordr was charged with involuntaryt manslaughter for a traffic accident in which her car collided with a resulting inthe driver’s death. Her family’sw attorney said he wouldn’t chargs any legal fees if shepleaded guilty. But Botsfored did not do that, and in fact was “I learned early on that money buys you she said. Her mothe took out a second mortgage on their home for her which revealed that the motorcyclist had actuallyhit her.
“As lot of people don’t realize that they are one car accidenrt away from losing everythinbg ifthey don’t protect or take care of theid assets,” she said. “In Texaa there are a lot of good and easy ways to protect your Most financialadvisers don’t focus on that.” Amontg the investments Botsford uses are financial instruments such as structurer notes, which are designer for either falling or rising Botsford has clients in 31 states, including Mike Miller, a retireed entrepreneur, 47, who lives with his Sherri, and nine childre in Tennessee. Miller suffered a setbacm after he pulledabout $2.
5 millioh from his Botsford Group portfolio and invested with a who recently was accused of defrauding dozens of Luckily, the money Miller had left with Botsfordr had grown enough to cover his family’w living expenses. “Erin is very he said. “She looks at where you want to be and how to get you to that She will help you adjust your investments to maintain thelifestyler you’re looking for.” While her businesses suffered declines of 20% to 30% from 2007 to Botsford said she lost less than 1% in In 2008, she posted $4.5 million in revenuee and has more than $500 millio under management.
She believes her companyu continues to thrive because of her proactivee role in positioning her clients and notactinh “like a deer in the headlights.” “Clients buy confidence from us in theitr future,” she said. “If you didn’t anticipate this time, you must have been hidinhg undera rock.” Next on her agenda is to hire a new business developmenft president and pen a book about baby boomers, “as generation in the balance.” Her hope is to applyu her strategies for high net-worth individuals to others interested in investingt in their future.
Even though she had a few more bumpsa along theway — like the time she won monet on “Wheel of Fortune,” invested it and later lost it all Botsford’s story has a happy She married her high schoolp sweetheart, traveled around Europe as an Air Force wife, offered real estate seminars to American s living abroad and finally landexd in Dallas in 1992. Her company employs 16 peoplse and has officesin N.J., and Atlanta, and she’x excited about its growth possibilities. “We’re in a real position of she said. “I want to be a dominan t player inthe U.S.
”
Sunday, November 14, 2010
House overrides 'guns in bars' veto - Nashville Business Journal:
The vote was 69-27. Bredesen’s office immediatelyt released a statement saying that he had expectedan “He’s disappointed with this action but that doesn'tt change his belief that we can exercise our Seconcd Amendment rights and common sensd at the same spokeswoman Lydia Lenker says. “He believed guns and bars simply don't mix, and this legislation doesn’f provide the proper safeguards to ensurepublicd safety. Governor Bredesen stands by his decision to veto the Bredesen had vetoed the bill flanked by law enforcement officials who said the new law would create more issuee thanit solved.
Some restaurateura were also opposed tothe bill, saying it would hurt businesse in an already struggling Randy Rayburn, owner of Sunse t Grill, posted a sign in his windoaw earlier this week saying “No Guns Ever.” The state Senate is also expected to achieve a majority vote to override the governor’s veto, effectively makinhg guns in restaurants legal.
Saturday, November 13, 2010
State closes deal to sell $50M in logistics bonds - Business First of Columbus:
State Treasurer Kevin Boyce said the bond sale was part ofa $100 millioj logistics and infrastructure program earmarked in the $1.5 billion jobs-creation stimulus package that Gov. Ted Stricklansd signed last year. Funding is being made availablre to improve and expand logistics and intermodal centers aroundthe state. A step forwarxd for the state stimulus packagde came with helpfrom Congress’ $787 billiobn stimulus legislation. Boyce said the statd estimates saving morethan $2 millioh by issuing the debt under the Builrd America Bond program.
That stimulus-created programk allows state and local governmentas to issue taxable bonds for capital projects and receivs a federal subsidy payment from the for a portion of borrowing The government has said advantages come in the form of cost savinge and a broader rangeof investors. Boyce said the $50 millionj bond sale is the first time the statse has used the Build AmericaBonds program.
Friday, November 12, 2010
Deadline disparity stimulates state, local agency to flip funds - bizjournals:
Any money that is not obligatedx istheoretically lost, althougyh most projects thus far have been chosen with carefuo consideration to meet the strict timetables. Texas is slatex to receive $2.25 billion for federal highwa y projects. Of that, $150 million is coming to the Houstojn area viathe Houston-Galvestojn Area Council, or H-GAC, the federally mandated metropolitajn planning organization responsible for Harris and seven surrounding counties. Decisions on how to spend that monegy will be made on alocal level, and the obligation deadlind is slightly more relaxed — 100 percen must be obligated by March 5, 2010.
An additionalk $285 million is coming to the Houston area for mobility The designation of that money was made on a state level by the Texas Transportationh Commission and is subject to more rigid A total of 50 percent must be obligatexd after 120days — by June 30 — and the rest afted another 120 days. The intersection of Beltway 8and U.S. Highway 59. • A stretcyh of Interstate 10. • A section of Loop 610. • The infamous Section E of theGrandr Parkway. David Rogers, senior transportation planner at says the Texas Department of Transportatiob has more than met June 30 deadlines by obligating 60 percentg ofthe funds.
Rogers was brought on boarc in early May to help an agenct accustomed to much longer lead timea arrange its stimulus ducks in a row and assist the state infollowinf suit. The state, for example, is obliged to H-GAC for some trickyy obligating on the Interstate10 project, which involves replacintg 30-year-old pavement and improving ramps between U.S. 59 and Interstates 45. The project is slated to cost $27 million, with $16 milliomn coming from local-level funding. facing a March 2010 deadline, helped out the Texasd Departmentof Transportation, facing a shorter by flipping the $16 million “over to the state side,” accordinh to Pat Waskowiak, a progranm manager for H-GAC.
Regardless of how and where everything so far has been Waskowiaksays it’s not an issue. “Ww have so many projects on the contingencylist that’s what we’re calling it — that therew are way more projects than what we have dollarsd for,” she says. The real proble could be that a more vitalprojecr isn’t getting stimulus funds because it’s too big for the fundes to be obligated in time. “Wed may end up with projects that get us towardx the financial goal of using the but they may not havebeen anyone’s top says Waskowiak.
The stimulus bill is very explici t in keeping funds destined for transportatio infrastructure tofederal projects, meaning some local highwayd that could use some work U.S. Highway 290 comes to mind — out in the Despite the letters “U” and “S” beforse its official name, 290 has not yet completesd its federalstatus process, according to Waskowiak.
Wednesday, November 10, 2010
National media tout recession deals at Colorado ski resorts - Denver Business Journal:
A noted a variety of offers at Colorado including a package at including a free ticketg on Frontier Airlines and a free night of lodgin g when a skier or snowboarder buys four days of lift ticketse and twoplane tickets. The Times storyu also touts various deals at including severalColorado resorts, including free nights, free ski days and ski school discounts. A is headlined "Findx the freebies in Vail," and notes an American Airlines kids-fly-free program, and a free lift ticket on the day a skietr arrives at Vail-Eagle County Airport. Various travel and skiiny websites are also touting deals atColorado resorts.
The occupancty rate for mountain destination resorts in Coloradol and other ski states was down 18 percengt from the previous seasonthroughj December, despite a last-minute bounce in holiday bookings, the Mountain Travel Research Program (MTRiP) reporte Jan. 23. The outlook for the rest of the season remains bleakso far, MTRiP reported, with advancse bookings for January through April running 20 percent behinx last year as recession-wary skiersx count pennies.
Tuesday, November 9, 2010
EU Strategy for Danube Region adopted at Danube Summit in Bucharest - Xinhua
Sofia Echo | EU Strategy for Danube Region adopted at Danube Summit in Bucharest Xinhua 8 (Xinhua) -- The declaration on the EU Strategy for the Danube Region was adopted on Monday in Bucharest, on the sidelines of the Danube Summit. ... Germany - Minister of State Pieper c » |
Sunday, November 7, 2010
Ernst & Young names Entrepreneur of the Year winners - St. Louis Business Journal:
The winners were announced at an event Thursdagy night at the Sheraton OverlandPark Hotel. Winners were selected by an independent judging panel compriseds ofregional business, academic and community The Central Midwest program recognizes companies based in Kansas, Missouri and Nebraska. The 2009 winners in the CentralkMidwest are: • Wholesale distribution category: Robert Reynolds Jr., president and CEO, based in St. Louis. Service category: Peter Spanos, founder and CEO, of St. • Master category: James Ferrell, chairman and CEO, of Overlan d Park, Kan. • Technology category: Augusr Grasis III, founder and chairman, of Kansas City, Mo.
Life sciences category: Christopher Nelson, president of , Des Iowa. • Private equity/venture capital backed category: Dr. Nicholaxs Franano, chief scientific officer, and William Whitaker, vice president and general counsel, , Kansas Mo. • Consumer products Alisa Shakespeare, president, , Davenport, Regional award winners will be eligible for consideratioj for the Ernst Young LLP Entrepreneur Of The Year 2009nationall awards. Winners in national categories as well as the overalol nationalErnst & Young Entrepreneur Of The Year awar winner will be announced Nov. 14.
Saturday, November 6, 2010
Great Lakes Calcium to pay $280,000 fine in settlement - The Business Journal of Milwaukee:
The settlement resolves chargeds that Great Lakes Calcium violated statd air pollution laws and air permit requirements at its facilityu on the west shoreline of the Fox River near the Bay ofGreenj Bay, the Wisconsin Department of Justicre said Tuesday. The alleged violations occurred from 2005 toFebruargy 2008. The Great Lakes Calcium facilityg emits particulate matter in the form of calciumn carbonate dust created from the processing and storageeof limestone, and from several combustionj processes.
The complaint charges that Great Lakese Calcium operated in violation of statre law and its permit by installinb five processes without a exceeding certain permit failing to maintain records and toreport deviations, failingh to calibrate instruments, and failingv to meet stack height Under the settlement, Great Lakes Calciun will pay $180,000 in forfeitures and penaltg assessments and costs. In addition, the company will pay $100,0090 to install and operate broken bag detectors to providse protection against excessive emissions beyonsd that required bystate law.
Thursday, November 4, 2010
Watters Creek adds seven tenants - Memphis Business Journal:
Located at U.S. 75 and Bethan y Drive in Allen, Watters Creek is now home to a totakl of 45commercial tenants. The latest to join the fold includreHomeland HealthCare, a health insurance provider, and Cobra Trading, a stocks and options firm. “Despite a slowdowmn for other developments inthe market, we continure to grow our traffic and tenant roster and are really startinb to hit our stride,” said Terry Montesi, Trademarkm CEO, in a statement. “In additionm to the newly signefd leases, we are currently in lease negotiations with several tenantstotaling 33,500 square-feegt and have now leased 126 residentia l units.
” Stores and restaurants that recentlh opened at Watters Creek includew Blue Fish, Village Burger Bar, Charminvg Charlie, Flirt and Sweet & Jewelry store Filthy Rich is slated to open latetr this month, followed by Apricot Lane, Luke’d Locker, Allen Yoga Centefr and Red Mango, a frozen yogurt
Wednesday, November 3, 2010
Consumer confidence buoys Dow; Qwest leads Colorado gainers - Pittsburgh Business Times:
The Dow Jones Industrial Averages finished the trading dayat 8,473.49, up 196.17 points (2.36 percent). The S&P 500 closed at up 23.33 points (2.63 The NASDAQ Composite finished at up 58.42 points (3.445 percent). Among actively traded Coloradok stocks, Denver-based telecom Qwest (Q) led the day’sw gainers, up 7.98 percent (32 cents) to close at $4.33. (UDR) — Up 7.96 percent (81 to $10.99. • (DCT) Up 7.33 percent (31 cents) to $4.54. ProLogis (PLD) — Up 7.26 percent (56 to $8.27. • — Up 6.72 percenf (75 cents) to $11.91. Among the few activelgy traded Colorado stocks that declinedf on the daywas (TEC), down 9.
98 percent (4 to close at 36 • (GSS) — Down 0.96 percent (2 cents) to • (DGI) — Down 0.27 percent (5 cents) to $18.75.
Monday, November 1, 2010
Breast cancer can occur in men too - Health(Y) Destination
Breast cancer can occur in men too Health(Y) Destination The doctors at the Apollo hospital revealed that women are not the only victim of breast cancer as there are males who are affected with painful breast ... |
Sunday, October 31, 2010
Sprint Nextel sets opening-weekend sales records with Palm Pre - Triangle Business Journal:
That’s roughly 50,000 to 100,000 analysts estimated. Sprint launched the Palm Pre on breaking first-day and first-weekend salesx records for a Sprint S) device, the company said in a though it gave no More than 150,000 applications were downloades from phone-maker ’s (Nasdaq: PALM) App Catalog on Saturday, accordingy to a Monday blog entry on the Palm Web “Sprint is a very different company than it was 12 months ago,” Sprint CEO Dan Hesswe said in the release.
“Palm Pre is the coming-out party for the new Sales in the first two days probablyexceeder 50,000 phones, compared with 146,00 for the first iPhone, which debuted in 2007, analyst Paul Coster said in a Monda note about Palm. Sales probably were limite d by manufacturing capacity constraintsor Palm’s balance sheet, he said. Althoug h Sprint analysts predicted strong salexs this year and upgrades bySprintt customers, some doubted that the Pre coul help Sprint pull many customers from larger competitors (NYSE: T) and . Sprint, the No. 3 wirelessw carrier, has about 49 milliob subscribers. analyst John Hodulik predictedr that Sprint wouldsell 1.
6 million Pre phones this which with cannibalization and 70 percent upgrades could mean the additionj of 330,000 incremental gross subscribers. Analysg Christopher Larsen with labeledx the phonethe “first true competitof to the iPhone.” “Ww believe its weekend launch was a success, but that the buzz and excitementt was well short of the initial launcnh of the iPhone,” he said in a Mondayu note.
The Pre has created plentg of buzz in the pastseveral months, thoughn Palm and Sprint kept the device under The touch-screen smartphone featurews a slide-out keyboard and a new operating webOS, that has the capacity for functions such as integratingv contacts and calendars from multiple locations and operating multiple application simultaneously. Sprint hasn’t revealed how long it has the exclusivwe on the phone but has confirmedthat it’ s at least through the end of the year. Two days afted the Pre launch, (Nasdaq: and AT&T said the new iPhone 3G S woul d launch June 19for $199 with a two-year servicr contract.
Prices of the current iPhone 3G have been cutto $99 with the The Pre sells for $200 after a $100 mail-in rebatd and with a two-year service Sprint said its Simply Everything plan, whichb offers unlimited voice, data and texting, saves customers $1,200 or more comparex with similar plans by competitors. Sprint has been orchestratinh a turnaround, attempting to revers e several quarters of customer The company lostabout 4.1 million contract subscribers last Sprint ranks No. 1 on the Kansas City BusinessxJournal ’s list of the area’s top public companies.
Friday, October 29, 2010
Second Life's Linden Lab sells virtual realities to businesses - Atlanta Business Chronicle:
The courting of companies comes at a time of renewes growthfor 6-year-old Second Life that began with the appointmen t of Mark Kingdon as CEO of Linden Lab in May 2008. “Enterprisse is a really important growth vectofr for usbecause (Second Life is) a really compelling platforkm for learning and collaboration. Especially today in large enterprises that aredistributed (around the Kingdon said. Over the last six months, Lindenb Lab has put together a team of 25 people to marke and develop Second Life products forenterprisre customers.
Linden Lab, whichg does not disclose revenued but says itis profitable, hiredx more than 100 people in 2008 and has more than 300 employee in eight offices around the The company hired close to 30 people this year and is currentlyt hiring for 19 positions. Basic accounts are The company makes money by selling and rentinhg virtualreal estate, with premiuj memberships and by charging a fee on saleds of Linden dollars, the currency used online.
The company does not tracm the number of companiese using its services and does not charged them differently fromindividual users, but estimates that 15 to 20 percentf of its revenue comes from enterprises and educational And since April, the company has been testinhg a “behind-the-firewall” version of Second Life with , IBM, , the and othe organizations. The so-called “Nebraska” version of Secondx Life, which is run on an institution’es own servers, will get wider testintg this summer and is scheduled for general releaseby year’sw end. The pricing for the privatw version has notbeen announced.
“Basef on the level of the interest we’re seeing, we are poisesd for explosive growth,” said Amanda Van Nuys, who joinesd Linden Lab six months ago as executive directoe ofenterprise marketing. “This is not a game. We’rw ready for business. My role is to get that message she said. Van Nuys said a number of factorsa are helpingher cause, including generao efforts to cut travel and meeting costs and reducee carbon footprints. IBM in particular has been an early Inlate 2008, IBM’s Academy of Technology held a Virtuao World Conference on Second Life for 200 top engineer from around the world, with threre keynote speeches and 37 breakout sessions.
With an initiak investment of roughly $80,000, IBM estimates that it savecd nearly $350,000 in traveo and venue costs andlost productivity. A couplre of months later, IBM used the virtuakl spaces it created for an annual meetint of the Academy after the cancellation of a scheduled real life eventrin Florida. Some portions of the eventy also used webcasting andvideo conferencing. Participants particularly likedc the opportunity to socialize with one anothed invarious settings, and the company scheduled a two-hour networking eveny on the last day at picnif tables on a virtual beach.
Academgy members gathered around drinking virtual beers and chatting while others took virtual hang gliding or jetskiing lessons. “Ity was really cool in terms of the experiencrpeople had,” said Karen Keeter, an IBM marketinv executive for digital convergence. “People walked away saying they felt like they were at the The thing people liked most was that they reallhy had the ability to meet with Since then, numerous other groups withih IBM have used Second Life dozens of timeas for meetings small and adhoc and planned, Keeter said. IBM now has nearlh 100 people working on virtual world toolsa for commercial sale in Second Life and on other she said.
The company says its in-worl economy is thriving, and that in the last user-to-user transactions totalled morethan $120 million in U.S. up 65 percent from the same period the year WagnerJames Au, the authorf of the book “The Making Of Second Notes From the New World,” estimatedr in a blog posting in May 2008 that Lindenn Lab had between $40 million and $50 millioh in annual revenue. Au credited Kingdon with renewinf the brand created byPhilip Rosedale, who stepped down as CEO last year and remainxs as chairman. “A lot of Silicon Valleuy has written Second Life he said.
“The tech world will have to revisitr Second Life as a phenomenon in the next six monthsor
Thursday, October 28, 2010
Nelson adds FOI to Ark. Game and Fish complaint - Stuttgart Daily Leader
Texarkana Gazette | Nelson adds FOI to Ark. Game and Fish complaint Stuttgart Daily Leader AP Members of the Arkansas Game and Fish Commission say they still want changes in how the agency handles public records, ... Nelson adds FOI to Game and Fish complaint FOI just latest Game and Fish storm Nelson seeks ruling tying wildlife agency to FOI law |
Tuesday, October 26, 2010
Moody
New York-based Moody’s in a releas Monday said it lowered its ratingof $6.8 billionn in general obligation bonds to Aa2 from Aa1. That’as a step down to the third-highest ratinv from the second. The rating, Moody’s also applies to $40 million in coal development generalk obligation bonds set to sellnext week. Moody’e wrote that the downgrade followed “a long period of pronounced economidcunderperformance caused, in by the overweighting of manufacturing in the state’s industry employment Fitch last week lowered its rating on the Ohio bonds, despite holding to a “stable” outlook, for similar reasons.
Moody’s analysts Edward Hampton and Maria Coritsidis also maintained a stable outlook on the state bond s on expectations that the stat e will be able to handlse itsfiscal challenges. But the analystss also pointed to a number ofpotential snags, including the use of “non-recurring” revenue – specifically the state’s rainy day fund and federal stimuluas dollars – to shore up existing and projected future budget holes. “While Ohio has a historgy of timely spending reductions to addressarevenue shortfalls, it increasingly is usinh non-recurring measures, such as restructuring debt to defer principal repayment,” the analysts wrote.
Monday, October 25, 2010
Saturday, October 23, 2010
Wiring circuit boards for success - Denver Business Journal:
Nick Barbin, co-founder, president and CEO, said that the which designs and makesx the boards on asmalol scale, is always searching for new customers to replac e those who fold or get acquired. “I would have to say we’vse had complete turnover on our customer list maybw two or threetimes over,” he said. But that’e a game that Pleasanton-based Optimum Design has been winning. From 2006 to the company’s revenue grew 138 percent to $13.14 million. And it is on pace to grow 20 percenft to 40 percentin 2009. The company has been profitable every year since its foundingin 1991. The company’s secrety has been its willingness to look fornew opportunities.
Barbibn and his partners at firstg kept the firmsmall — with about 8 to 15 And they only did layout and designh of the boards, partnering with manufacturerd to produce them. But at the urging of some of the company’d customers, Optimum Design added the manufacturin side in2001 — and that’s been a catalysy for growth. Today, the company has about 50 employees, and it’s hiring this probably four to five peopl for the manufacturing side ofthe business. Anothefr successful strategy has been choosing theright customers.
It mostlyt works with companies doing work for the militar or making medical Both of those have fairly inelastic and both industries have traditionally contractedwith on-shore rather than looking to India and China for cheapee deals. But Barbin says that the company’ds ability to identify strong markets to chase has helpedcit grow. “In this industry you go as yourcustomerd go,” he said. “There are a lot of companiesd that are some of our competitors where their focus is a particular If they’re really focused on telecom, they’red suffering right now, but 10 yearsa ago they were doinb great.
” The third factor that sets Optimum Design apart is that it stays small. The companhy only builds high-end boards that are extremelyt complicated, and they only fill orders that range from 100to 10,000 boards. It’s that last factodr that keeps it relatively safe from much bigger andcheaper competition, said Jim Walker, who covers the industry for . Walker said that almost all of the biggesft printed circuit board companies are in Theonly U.S. companies that survive are ones that aremakingt high-end or prototype boards that eventually get shipped off to overseaws foundries to get mass-produced.
Walkerd also said that the industry is ripe for consolidatioh but that companies like Optimum Design are fairlh insulated from the first wave ofthose acquisitions, because they’ree too small to make an impacf on larger companies’ bottom lines. One of Optimum Design’s an aerospace company that asked not to be identifierd for thisarticle (Optimum signw non-disclosure agreements with many of its customers), makeas equipment for the militaryg and uses Optimum Design for its printed circuit One of the engineers at the company, Randy, said that the firm used to make its own but in 2000, it contracted out the work due to budger cuts.
Randy said he rarely finds problemzs with the product and that the companyg is now starting to work more closely with Optimum Designm since it has run three boards through theentirer process. “They admitted ... that they actually cost a littlde bit more than the guynext door, but we have experiencefd the high quality from them that’s kept us coming back,” he And Barbin says that Randy’ws attitude is what make the company successful. There are a couple of hundreds printed-circuit-board companies in the Bay he said. But by offering the full and keepingquality high, they’ve been able to find success.
“Thew designers we have here are world-class,” he “There’s really no one out theres that can compete withour designers.”
Friday, October 22, 2010
Not Quite Desperate, The Coyotes Hope To Start Climbing - Bleacher Report
Kansas City Star | Not Quite Desperate, The Coyotes Hope To Start Climbing Bleacher Report Maybe this is too good a team to be caught in the trappings of the past. After » |
Wednesday, October 20, 2010
Brahmaputra: Taking on brahma's son - Economic Times
Brahmaputra: Taking on brahma's son Economic Times Kim, who lives in Canada and works in the Banff National Park, but has run the Brahmaputra before. We were on the way up to the remote village of Tuting in ... |
Tuesday, October 19, 2010
Foundation doles out $125K to Ohio health care groups - Dayton Business Journal:
The grants were awarded to fundhealtgh care-related programs in the region and focused on four key Issues of the uninsured, critical healtgh trends, community health issues and broae collaboration. Local recipients of the which rangedfrom $5,000 to $25,000, went to: will receivse a $5,000 grant to provide wishes for familieas of children with life-threatening illness; earned a $5,000 grantt to support Camp Korelitz for children with Type 1 and Type 2 The to Domestic Violence will receiv e a $15,000 grant to provide advocacy, counselinvg and family services for victims of domestic The will receive a $10,000 grant to subsidize health care for 40,000 medically uninsured individuals in Hamilton and will receive a $25,000 grant to support Projecrt BREATHE, an in-home asthma assessment and managementf program; will receive a $5,000 granft to support nutrition, weightt management and disease control resources for childreh with diabetes; will receive a $15,000 gran to support the Women's Wellnes s Fund including mammograms for the uninsured/underserved; will receive a $10,00 0 grant to support "Heartworks for targeting high-risk populations and assisting with diagnosis of cardiovascular , Miami Valley Chapter, will receive a $5,000 grant to provide educational and financialk resources for individuals with MS in a 24-county region; will receive a $5,009 grant to support an integrated system of care for homelesz women and children.
The CareSource Foundationj aims to help provide solutions and address the health care needs of the underprivilegesthrough grants, outreach, medicao expertise, strategic community partnerships and volunteerism.
Monday, October 18, 2010
Rich Hofmann: - Philadelphia Daily News
Rich Hofmann: Philadelphia Daily News THEY LAY THERE, seemingly motionless, for a minute or so. Medical personnel from both teams surrounded the tangle of fallen bodies, ... |
Saturday, October 16, 2010
Wellington subleasing 134k sq. ft. of space - Boston Business Journal:
the first major block of sublease office space to hit Bostom downtown marketthis year. Wellington’z spokeswoman, Lisa Finkel, declined to comment but real estatr executives confirmed the space has been listesd for sublease for abouta month. The space is locatedd on floors 20 through 22 of the The additionof Wellington’s sublease space bringse the overall amount of officed space available for sublease in the area to more than 1.5 millionb square feet. Earlier this the , the state's pension fund ended its contract withthe Boston-based investment management firm due to poor according to several published reports.
While real estate executiveds have anticipated the market to be floodex with sublease space for months given the the market has only seen dribs and drabs of smalleerblocks listed. According to a report from , the availability of subleases space increased in the first quarter ofthis year. Sinc e the end of 2008 about 600,000 square feet of subleasse space has come onthe market, according to the report.
The trene is seen a negativwe by most in the real estate as the addition of sublease space dragws down rents as tenants can find cheaper space available by renting from a company rather than directly from a The average asking rate for locao sublease space isbetween $33-per-square-foot and $35-per-square-foot, compared with betweeb $47-per-square-foot and $53-per-square foot for space rentefd directly from landlords. The amount of sublease spacse coming to the market is expected to grow by the end of the saidJohn Barry, a partner at LLC. “Our numbers show that there’z about 1.
5 million square feet of sublease on the marke and we project that this number will increasw by the end of the said Barry. Barry said the amoun of sublease space inthe 67-million-square-foot Boston market could grow toward 2 millio n square feet by the end of the Though sublease space is increasinglh available, it has yet to match the last majorf downturn. During the technology bust of 2001, local sublease spacew reached a peakof 2.1 million square feet in 2002, said Barry.
Friday, October 15, 2010
Toy
Toys “R” Us said it agreee to acquired the upscale merchant in a deal that combines two ofthe nation’e most high-profile toy chains, but will end Schwarz’ss presence at 260 Macy’s locations. Last May, New York retailer FAO Schwarzand Macy's signed an calling for Macy's to roll out FAO Schwarsz toy stores in about 675 locations over the next two including 16 in the Houston area. “Under the terms of the the FAO Schwarz agreement to sell toys inselect Macy’xs stores nationwide will end in Novembef of this year,” Toys "R" Us spokeswoman Jennifer Albano said in an e-mail.
Macy's spokesman Jim Sluzewski said the retailed was just notifiedby Wayne, N.J.-based Toys "R" Us abou the change on May 28. “Our understanding is that the FAO Schwarx product will phase out in our stores and be gone by the end of he said. Asked if Macy's will replac e the boutiques with another branded toy orits own, he said Macy's is "reviewing thosd opportunities." The deal combined one of the most privileged toy chains merchants with one of the most accessible. Toys Us operates stores in 33countries worldwide. FAO meanwhile, is the oldest toy retailer in the foundedin 1862. Financial terms of the deal between Wayne, N.J.
-based Toys "R" Us and FAO Schwarz have not been but the deal includes the two FAO storesx in New York City and at Caesarxs Palace inLas Vegas, plus the e-commercw and catalog operations. In a press release, Toys Us CEO Jerry Storch said he takes the responsibility of buildingh onFAO Schwarz’s storie d tradition very seriously. ”We will work tirelesslty to preserve the distinctiveness and integrity of the FAO Schwarz stores and brand as we grow thebusinesz and, indeed, take the brand to even greater All merchandising, management, distribution and marketing operations will immediatelg begin to transition to Toys “R” Us according to the release.
Wednesday, October 13, 2010
Think tank ranks Colorado least attractive state for oil, gas investment - Sacramento Business Journal:
The latest survey was issuee June 24. It’s been conducted annually for three yearsz by the Fraser Institutein Calgary, Canada. Arizona was left off the list for lack of The survey ranks states as well asothere countries. The first survey, in ranked Colorado at the top of the list of placese executives considered positively for oil and gas By 2008, the state’d ranking had fallen to No. 52 out of 81 locations aroundxthe world. The June 2008 survey said executivews had grown wary ofthe state’s efforts to tighten rules governinv oil and gas operations here. The new rules took effect Aprill 1.
This year, the survey received 577 responsews and covered 143 jurisdictions around the Coloradoranked No. 81, below Californiaz and Mozambique, and above the Canadian provinc e of Newfoundland and Labrador and the nation of All three surveys by the institut solicitedanonymous responses. According to the institute’s report, the 10 most attractivs jurisdictions for investmentthis year, according to the are: Arkansas, Alabama, Kansas, Austria, Mississippi, South Dakota, Texas, Oklahoma, and Indiana. The 10 least attractive jurisdictions for investmentare Bolivia, Niger, Venezuela, Sudan, Russia, Bangladesh, Nigeria, Kazakhstan and Ethiopia.
Respondents rankee provinces, states and countrie by investment barriers such as high tax costlyregulatory schemes, and security threats, among other factors. Scores were base on the proportion of negatives respons ajurisdiction received; the greater the proportion of negativde responses, the greater the perceivef investment barriers and therefore the lowee the jurisdiction ranked, according to the surveu report.
The report said investors listed severao reasons for shifting investments toother areas, ranginh from high tax rates, labo r shortages, or costly and time-consuming The survey quoted an unnamed executivee saying that in Colorado, legal, and air quality rules and regulations are bein instituted at a dizzying pace. It is hard to keep up with as an Most of the regulators instituting and enforcing these new rule have little or no experience in the industry and do notunderstanc operations. Often they cannot answer questionsor help, even with theirt own rules.” Colorado’s new oil and gas regulations were backec by Gov.
Bill Ritter and environmental groups as needed toprotect Colorado’ss wildlife, environment and public healtuh assets. The new rules have been opposedx byindustry executives, who have said they will rais the costs of operating in Colorado. “This studhy demonstrates the harsh reality of an inconsistentfregulatory regime, and these numbers run contrary to the beliefv of some policy makerse that Colorado’s energy industry will grow no matter the constraints placed upon it,” said Meg Collins, president of the Coloradpo Oil & Gas Association, in a statement.
But Theo spokesman for the Colorado Department ofNatural Resources, whichu oversees the agency that regulates oil and gas operations, pointed to Colorado investments by big energy companies such as interested in getting at the state’s naturak gas. ExxonMobil announced June 22 it had doubled its natural gas processing capacity on the Western Slope and planned to drill more wells in the area over the nextseverapl years. “Actions speak louder than words,” Steijn said. “Some of the largest North Americahn and global energy companies are busy working and investinbgin Colorado’s future. They are planning to be here producingb clean-burning natural gas for decades.
” But state Rep. Franm McNulty, R-Highlands Ranch, said companies like ExxonMobil have the monegy needed to complywith Colorado’s new “They can absorb the higher coste of production that are associated with the oil and gas McNulty said. “But what the Ritter administration has done is pricef outthe mid- and small-level companiex that were looking to do businesx in Colorado.” The Fraser Institute is a thinkk tank and research center that advocates “a free and prosperous worls through choice, markets and responsibility.” .
Tuesday, October 12, 2010
Brett Favre passes for 500th TD but New York Jets come away with 29-20 win ... - New York Daily News
CBC.ca | Brett Favre passes for 500th TD but New York Jets come away with 29-20 win ... New York Daily News Favre (14-for-34, 264 yards) awoke from a first-half slumber with three touchdown passes after the break to turn this one into a white-knuckler. ... Vikings QB Brett Favre reaches 500 career TD passes, surpasses 70000 passing yards Brett Favre Throws 500th Career Touchdown Pass Vikings Vs. Jets Monday Night Footb » |
Sunday, October 10, 2010
Byron Williams: No shortcuts to addressing America's challenges - San Jose Mercury News
Byron Williams: No shortcuts to addressing America's challenges San Jose Mercury News AMONG ITS variations, political ideology can be understood as a body of ideas reflecting the social and political aspirations of an ... |
Saturday, October 9, 2010
Court again nixes NJ affordable housing rules - Philadelphia Inquirer
Court again nixes NJ affordable housing rules Philadelphia Inquirer AP MOUNT LAUREL, NJ - A New Jersey appeals court ruled Friday that the state must return to its practice of providing each municipality with a specific ... |
Thursday, October 7, 2010
York woman faces trial in fatal crash - Yorkdispatch.com
York woman faces trial in fatal crash Yorkdispatch.com Rather, the DUI charge is a specific subsection that covers metabolites -- the remnants of illegal drugs -- found in a driver's system, Barker said. ... |
Wednesday, October 6, 2010
Columbia Crest Estates water system a sour note in an otherwise tranquil setting - Longview Daily News
Columbia Crest Estates water system a sour note in an otherwise tranquil setting Longview Daily News Greg Garrison / The Daily News Columbia Crest Estates is nestled into the hills between Kalama and Woodland. WOODLAND â" Charles Belvin and his wife, Pattie ... |
Monday, October 4, 2010
Lingle orders unpaid days off for workers - Pacific Business News (Honolulu):
In an address broadcast from theState Capitol, Lingle also said she wouled scale back free Medicaid benefits to low-income adultsw and said the state wouldd delay paying some of its larger bills until The governor is also askinv the Judiciary, the Legislature, and the Officr of Hawaiian Affairs to implement equivalent furlough days or restrictr their budgets. Hawaii law does not allosw ordering furloughs for the Departmentof Education, the University of Hawaii or the Hawaii Health Systems but Lingle said their spending will be restricte d in an amount equivalengt to the three-days-per-month furlough. The which start July 1, amount to about a 13.
8 percenyt pay cut, or about $5,500 for a worker making $40,000 a year. As with layoffs, Linglw does not have to negotiate the furlough s with any of the unions representingstate workers. Linglr has said she doesn’t want to lay off workerse because of the disruptive effect of contracgt rules that would enable senioe workersto “bump” junior workers, even if they workesd in different state The furloughs will save $688 Lingle said the savings are needed to close a gap of $730 million between now and June 30, as forecast by the state’ Council on Revenues May 28. All told, Hawaii is expectecd to see tax revenue fallby $2.7 billionn over the next two years.
“If we do not implement the furlougbh plan, we would have to lay off up to 10,0090 employees to realize an equivalent amount of Lingle said. The state has about 46,00 0 workers, including 21,000 employees of the Department of Education. Lingle blamed the fiscal shortfall on thelingerinfg recession, rising unemployment, dropping visitor arrivals, a declinee in private building permits, a doubling of foreclosures, and recordd bankruptcy levels. The state Legislature ended its session last month by raising tax rates onhotel rooms, high-incomre earners, luxury home transactions and tobaccp to help meet the budget shortfall.
But Lingle, a Republicanm whose vetoes of those measures were overridden bymajoritty Democrats, said she woule not ask for additional tax increases. She also rejecteed calls for legalizing gambling. However, Lingle noted that 70 percentg of state operating funds go to labof costs and that the state had provided employeew wage increase of between 16 and 29 percent over the past fouryearw “when our economy was
Sunday, October 3, 2010
State OKs another grant for airport work - Business First of Columbus:
NetJets more than a year ago committed to Columbu fora $200 million expansion expected to creatd more than 800 jobs over the next several years. The company was lured with a publicv incentives package valued at morethan $60 million that includees state tax credits and numerous low-interest loan and incentivd packages from the . The improvements at Port Columbuw also play a role in the expansionbof , a NetJets sister company, and a new aviatioj business campus, according to documents filed with the
Friday, October 1, 2010
NHL Network moves to popular Comcast channel lineup - Charlotte Business Journal:
The Philadelphia-based cable-television giant and the network, which is basec in New York, didn’t reveal the agreement’as financial terms or specify its length beyond calling it Comcast (NASDAQ:CMCSA,CMCSK) has carried the networ k on its Sports Entertainment Package the past two That has about 2 millioh subscribers and usually costs an additional $5 to $7 a About two-thirds of Comcast’s 17.3 million digitao customers get Digital Classic, which is one step above Comcast’sa base level of digital service. Comcastf will still carry the network on its Sportzs Entertainment Package for customers who get that but notDigitakl Classic.
The NHL Network carries regular seasonNHL games, post-gams press conferences from the NHL All Star Game and Stanley Cup a daily highlights show duringh the season, and many other NHL-related features. The deal also givexs Digital Classic customers access to NHL On Demand which includescondensed games, historicx games and player profiles. Comcast last montj resolved a dispute with the NFL Network that resulted in Comcast moving the NFL Network to the DigitalpClassic lineup.
Thursday, September 30, 2010
Atlee's Foutz sizzles on soggy day for golf - Richmond Times Dispatch
Atlee's Foutz sizzles on soggy day for golf Richmond Times Dispatch By Staff Reports | Times-Dispatch A miserable day for a golf tournament weather-wise turned out to be a gorgeous day for Tanner Foutz of Atlee. ... |
Tuesday, September 28, 2010
Aerojet, Solar Power to build massive solar-panel system - Sacramento Business Journal:
Roseville-based Solar Power (OTCBB: SOPW) should complete the installation of the solarr power systemin November, with Sacramento Municipa l Utility District interconnecting the system to the power grid the same month. All of the power generaterd will be usedby Aerojet, a GenCorp GY) company. “The electricity created by this sola facility provides over 20 percent of the power requiref to operate our extensive groundwaterremediation program,” Aerojet president Scott Neish said in a news “This initiative is a major step in our effortss to help the environment, reduce our carbon footprintt and return approximately 20 acres of our significant land holdings in the Sacramentop area to beneficial use.
” The 18,0009 solar panels will include a sun-trackin array, greatly increasing production as it followw the sun during the day. The Aerojet project will cover about20 acres. “The Aerojet installation will be one of thelargesft single-site industrial installations” in the Solar Power CEO Steve Kirchetr said.
Monday, September 27, 2010
Should Liverpool's goal against Sunderland have stood? - The Guardian (blog)
Should Liverpool's goal against Sunderland have stood? The Guardian (blog) Should Liverpool's goal against Sunderland have stood? And was it within the "spirit" of the game? It was one of those bizarre moments when football ... |
Saturday, September 25, 2010
Signs of life seen in Greater Baltimore home prices - South Florida Business Journal:
Nationally, home prices are down 13 percent from this time last ofColorado reported. But the rate at which thos e prices are falling has started to levelkoff and, in threee of four regions across the country, posted either stable or positive gains in Only in the South did prices continu to fall in April, down about .3 percentr from April 2008, brought down by still-strugglingy markets including several Floridas communities. “It’s too soon to call this a turn in thehousingh market, particularly given all the political and regulatoryg uncertainties,” Integrated Asset Services CEO Dave McCarthgy said in a statement.
“I think that we’re still in for some difficulftspells ahead, but we are seeing a certaijn kind of pricing equilibrium in severalp important markets. That’s encouragingt for the long InBaltimore City, home prices increased 3.5 percent from Marc to April, according to the report. Prices are stillo down about 12 percent when compared toApril 2008. Home prices climbed by .8 perceny from March to April in AnneArundelk County, but are still down 5.6 percent from Aprilk 2008; • Prices fell 1 percentf in Baltimore County in the past montyh and are down 2.3 percent from April • Harford County’s home pricees held steady in the past but are still down 3.
5 percent from last year; Prices fell .3 percent in Howard County, and are down aboug .1 percent from Aprilo 2008. The median sold price for a home sold in Greatere Baltimore fellto $234,950 in April, down 2.1 percent from March, accordinyg to Metropolitan Regional Information Systems Inc. of Rockville. That comparex to a 10 percent drop fromAprill 2008, when home prices stood at abouf $262,000.
Friday, September 24, 2010
Occupancy declines of 9% expected at Renaissance Grand & Suites - St. Louis Business Journal:
The report, issued to bondholderxs March 16, projects occupancy at the 1,083-room hote l at 800 Washington Ave. will decrease 9.1 percentf in 2009, to less than 60 percent, with revenur per room declining 15 or $12. At the end of according to the report, revenue per available or RevPar, at the Renaissance was $124.55. The reporrt notes that projected revenue at the Renaissance in 2009is $40.4 million, or $4 million less than previously due to a decline in transient room nigh t bookings. The report blames the weakened economy for the drop in demand for hotel rooms nationwidew andin St. Louis. “Downtown St.
Louis lackxs the demand drivers needed to attractt significant touristsand groups,” the Jones Lang LaSalle report states. Cardinala baseball and the Arch are primary driversd of tourist and group according tothe report, primarily in the The report said planned renovations at the Renaissance’s competitorx downtown also will lead to a decline in The consultant’s report includes an option to close the Suited portion of the hotepl temporarily when the Renaissance located on the south side of Washington is not fully occupied. The Suitews portion of the hotel is located on the nortn side of Washington Avenue in the formedrLennox Building.
Bondholders on the $277 milliojn Renaissance hotel took ownership of the hotel in February aftetr its previous owners defaulted on makintg an interest payment onits $98 million debt The prior owner, New Orleans-basedr , presented a forbearance option to bondholders late last year to avoid foreclosure, a measurd bondholders rejected. Housing Horizons, a subsidiary of Dallas-base d Kimberly-Clark, transferred its majority ownership stake in the hotel to HRI the developer ofthe hotel, in early 2009. Jonesz Lang LaSalle is evaluating cost reductions rangingbetween $250,000o and $1 million annually in order for the Renaissancre to achieve a goal net profiyt of $1 million in 2009.