http://kudoscosmetics.com/male_grooming_uk.asp
The Springfield, Massachusetts gun maker (Nasdaq: SWHC) recently securedc a rare order from the Indiw Police Force after terroristsa stormedMumbai hotels. With support from the U.S. Embassy in New Delhoi and the , Smith Wesson secured an export license and began shippinyg weaponsin June. In its fiscalo fourth quarter, the company securex orders from several law enforcement agencieszin Mexico, whose drug-related violencer is on the rise. The company on Monday said net sales for the fourthg quarter that ended April 30 surged 20 percentto $99.5r million compared with the year-aglo period. Net income during the quarter was $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaekl F. Golden said in a statement the results reflect a numberf of records forthe company, including for cash levels and unfillerd customer orders for firearms.
Monday, February 27, 2012
Saturday, February 25, 2012
Houston-area home prices reach seven-month high - Houston Business Journal:
http://rusinventor.com/p-521.html
April sales of single family homews in Houston totaled down 22.5 percent from Aprip 2008, according to statistics released by the . Month-ened pending sales totaled 3,685 — 25.3 percent lower than last year suggesting the likelihood of a decline in salesz when the May numbers are At $194,222, the average sale pricew of a single-family home dropped 5.8 percent from Apri 2008, when it was $206,239. However, the figurre is at its highest level since last The median price ofa single-family home in Apripl was $149,050, unchanged from one year earlier.
The nationalo single-family median price reported by theis $175,200, illustratinh the continued lower cost of living in the Houston Meanwhile, demand for single-familgy rentals increased again in April, demonstrating that rental s remain a viable option for buyers who may not yet be qualifief or comfortable making a home purchasse in this economy. Vicki Fullerton, HAR chairwoman and brokefr of recordat RE/MAX of The Woodlands and said the housing industry recovery will be a gradualp process, but that Houston continuess to demonstrate the strength of its home valueds compared to other communities aroundd the country where pricing ballooned and then bottomed out.
She notes that many HAR members are reporting growingt activityamong first-time home buyers who are taking advantag of historically low interest rates and the federao government’s $8,000 tax credit.
April sales of single family homews in Houston totaled down 22.5 percent from Aprip 2008, according to statistics released by the . Month-ened pending sales totaled 3,685 — 25.3 percent lower than last year suggesting the likelihood of a decline in salesz when the May numbers are At $194,222, the average sale pricew of a single-family home dropped 5.8 percent from Apri 2008, when it was $206,239. However, the figurre is at its highest level since last The median price ofa single-family home in Apripl was $149,050, unchanged from one year earlier.
The nationalo single-family median price reported by theis $175,200, illustratinh the continued lower cost of living in the Houston Meanwhile, demand for single-familgy rentals increased again in April, demonstrating that rental s remain a viable option for buyers who may not yet be qualifief or comfortable making a home purchasse in this economy. Vicki Fullerton, HAR chairwoman and brokefr of recordat RE/MAX of The Woodlands and said the housing industry recovery will be a gradualp process, but that Houston continuess to demonstrate the strength of its home valueds compared to other communities aroundd the country where pricing ballooned and then bottomed out.
She notes that many HAR members are reporting growingt activityamong first-time home buyers who are taking advantag of historically low interest rates and the federao government’s $8,000 tax credit.
Thursday, February 23, 2012
State budget crunch could hit cities hard, deplete key reserves - Phoenix Business Journal:
iwyqaxewun.wordpress.com
The stalled housing market, inflation and economic downshiftes are resulting in projections of furtherbudgetf deficits, beyond the current year'd $1.2 billion shortfall and next year'sx $1.9 billion gap. "The soonest the stated may have a surplue againis 2011," said Gretchen Jacobs, a lobbyist for the Phoenix law office of who works on financial "We are going to be using up our cash said state Senate Appropriations Chairman Bob Burns. That coulf leave the state with twodrastic options, both of whic h could hit businesses, consumers and propertyu owners: Increase state taxes, or placer the burden on city and county governments.
The stater could shift the tax burden and its financial woes to citiews and counties by cutting state outlays and shared tax revenu eto municipalities. That woul pressure cities and counties to raise their property and salew taxes and business fees to make upthe difference. Arizonw cities and counties do not levyincome taxes. Instead, they get a share of state tax revenue. Local governmentx received $717 million from the statr during the pastfiscal year, said Ken director of the , which representxs local governments at the Legislature. Glendale Mayor Elaine Scruggs said Arizona's mayors are lobbyinhg Gov.
Janet Napolitano and legislators not to diminisuh the tax revenue transferredto cities. She said stat cuts to shared revenue wouldhurt cities' budgetz and ability to provide services. Other local leaders agree. "Iff the state uses our portion of the fundsd to balancetheir budget, we are forces to cut into programs such as public safety, infrastructurw and other critical areas," said Romina government relations director for the city of Goodyear. Business attractiob and tourism promotion efforts also couldbe cut, she Strobeck said cities already are being hit by housinvg market-induced decreases in sales and construction tax revenue.
"Any reductionxs to shared revenues would be doubly he said. The state also coulcd impose taxes on services and items that now are That translates into new taxeson food, business and professionap services, and other exempt purchases such as aircraft advertising, livestock, health club memberships and minin g equipment. "Policymakers are in the unenviable position of havingv to select from a series of politically miserabls options of increasing orexpanding taxes; shifting financial responsibilitiesd to other levels of government, which have theie own fiscal concerns; and pursuingy additional reductions in state spending," said Stuart Goodman, a principaol at in Phoenix.
Lurking tax increases come as businessa advocates push for justthe opposite: property and corporates tax cuts. The Arizona Chamber of Commercd & Industry and others want to slicse corporate incometax rates, expand research and developmengt tax breaks, and permanently repeal a $250 millionm property tax that is on temporary They argue Arizona needs to keep its taxes low to attractt jobs and investment. Still, Napolitano and many businessz interests are looking to puta 1-cent state sales tax increase on the November ballot and earmark the resulting $42 billion for transportation.
Burnas said the state needs tocut spending, or it will run out of reservre funds and other fiscal maneuvers after this year's Much of the state however, is voter-approved and cannot be cut by the Other reductions are opposed by leaving just a small slice of the state'a budget pie to be cut. Burns does not want to see tax increaseas and noted it takesa two-thirdds vote to approve them. He said the statre could end up referring major tax increase to the A morelikely scenario, he said, is the states will cut the revenue it shares with Greenberg Traurig LLP: League of Arizonz Cities & Towns:
The stalled housing market, inflation and economic downshiftes are resulting in projections of furtherbudgetf deficits, beyond the current year'd $1.2 billion shortfall and next year'sx $1.9 billion gap. "The soonest the stated may have a surplue againis 2011," said Gretchen Jacobs, a lobbyist for the Phoenix law office of who works on financial "We are going to be using up our cash said state Senate Appropriations Chairman Bob Burns. That coulf leave the state with twodrastic options, both of whic h could hit businesses, consumers and propertyu owners: Increase state taxes, or placer the burden on city and county governments.
The stater could shift the tax burden and its financial woes to citiews and counties by cutting state outlays and shared tax revenu eto municipalities. That woul pressure cities and counties to raise their property and salew taxes and business fees to make upthe difference. Arizonw cities and counties do not levyincome taxes. Instead, they get a share of state tax revenue. Local governmentx received $717 million from the statr during the pastfiscal year, said Ken director of the , which representxs local governments at the Legislature. Glendale Mayor Elaine Scruggs said Arizona's mayors are lobbyinhg Gov.
Janet Napolitano and legislators not to diminisuh the tax revenue transferredto cities. She said stat cuts to shared revenue wouldhurt cities' budgetz and ability to provide services. Other local leaders agree. "Iff the state uses our portion of the fundsd to balancetheir budget, we are forces to cut into programs such as public safety, infrastructurw and other critical areas," said Romina government relations director for the city of Goodyear. Business attractiob and tourism promotion efforts also couldbe cut, she Strobeck said cities already are being hit by housinvg market-induced decreases in sales and construction tax revenue.
"Any reductionxs to shared revenues would be doubly he said. The state also coulcd impose taxes on services and items that now are That translates into new taxeson food, business and professionap services, and other exempt purchases such as aircraft advertising, livestock, health club memberships and minin g equipment. "Policymakers are in the unenviable position of havingv to select from a series of politically miserabls options of increasing orexpanding taxes; shifting financial responsibilitiesd to other levels of government, which have theie own fiscal concerns; and pursuingy additional reductions in state spending," said Stuart Goodman, a principaol at in Phoenix.
Lurking tax increases come as businessa advocates push for justthe opposite: property and corporates tax cuts. The Arizona Chamber of Commercd & Industry and others want to slicse corporate incometax rates, expand research and developmengt tax breaks, and permanently repeal a $250 millionm property tax that is on temporary They argue Arizona needs to keep its taxes low to attractt jobs and investment. Still, Napolitano and many businessz interests are looking to puta 1-cent state sales tax increase on the November ballot and earmark the resulting $42 billion for transportation.
Burnas said the state needs tocut spending, or it will run out of reservre funds and other fiscal maneuvers after this year's Much of the state however, is voter-approved and cannot be cut by the Other reductions are opposed by leaving just a small slice of the state'a budget pie to be cut. Burns does not want to see tax increaseas and noted it takesa two-thirdds vote to approve them. He said the statre could end up referring major tax increase to the A morelikely scenario, he said, is the states will cut the revenue it shares with Greenberg Traurig LLP: League of Arizonz Cities & Towns:
Tuesday, February 21, 2012
A Case Study in How Localities Can Best Respond to Natural Disasters - Heritage.org (blog)
igoeosysata1533.blogspot.com
A Case Study in How Localities Can Best Respond to Natural Disasters Heritage.org (blog) Last week, a subcommittee of the House of Representatives Committee on Sm » |
Sunday, February 19, 2012
Rolling Mill Hill condos head into receivership - The Business Journal of Milwaukee:
artemchuksykitas.blogspot.com
The Rolling Mill Hill condominiums were forces into receivership Tuesday by a lawsuit filedc by on behalf of itself andotherd lenders. The suit also asks the court to allow foreclosure onthe three-buildint project on Hermitage Avenue. The lendere claims non-payment of $21.4 million in construction loanw taken out bythe property’w owners, , a Wisconsin-based holding company for the project’s The original construction loans were $42.8 but that amount was reduced in a loan amendmenty on Sept. 26. , out of Greenh Bay, Wis., was teaming with the to redevelothe 34-acre Rolling Mill Hill site southy of downtown along the Cumberlanfd River.
Direct had plannecd a $55 million project with four condpo buildings on the site of theold , but canceled plan s for one of the buildings last John Hopfensperger, president of Direct, said Tuesday that his firm was no longerf involved in the and that the remaining development was being handled by the investor group, RMH. A contacf with RMH could not be reachedfor comment. The suit says the loan has been in defaulttsince Jan. 14, and the owners are now so short on cash that they were unablre to pay theirutility bills, which resultec in water service to the buildings beiny shut off last week.
Thougn the project was completed by no units in any of the buildinga havebeen purchased, accordinbg to records with the Davidson County Registerr of Deeds. The roughly 75 condos were primarlyt pricedbetween $230,000 to $680,000. Fiftee n of the project’s units had been designated as “affordablre housing” and were priced at $139,000 per unit. The developmengt ran into problems because Directwas undercapitalized, without enoughn money to pay for expenses even after work was completed, says Walked Mathews, president of , general contractofr for the project. He says the condos have greatf features, and construction was finished byApril 14, as promisee two years earlier.
“The unfortunate thing is we got all the way to thefinisbh line, and it turns into a mess,” Mathewz says. It is too earl to tell what will happen withthe properties. John Cheadle, who has been appointeed receiver ofthe project, will have to evaluatew the potential avenues for disposinf of the property, says John Kelley of , which is representinyg the lenders. A Davidson County Chanceryu Court date is set for Wednesdayy for Cheatle to present hisinitia findings.
The condos are just a portioj ofMetro Nashville’s larger Rolling Mill Hill revitalization effort, whichu has been in the workw for more than a A public-private partnership between MDHA and selecg developers, the project includess plans for retail shops and A timeline for the buildout remains unclear. But Tuesday’sa filing includes only the threer existing residentialcondos — two new high-rise buildings and a renovatee historic hospital buildling. This isn’rt the first setback for the project.
Last Baltimore-based , who had eyed the site on the west bank of the Cumberlan d River for amajor mixed-use closed its Nashville office and abandonedd efforts with the Plans had called for 214 condos, a 224,000-square-foot office building and up to 50,00o square feet of retail. Metro has already put abouy $10 million into the purchase of land and infrastructur for the condos and has establishefa $3.
5 million tax increment finance zone around the projecrt to pay off development bonds, says Joe Cain, developmenf director for the housing agency, which is actinb as the master developer for the But the city retains no ownershipp of the property and has no future liability for it, he The project has faced the same troublew as many new condos, Cain says. “Just like it’sa hit everywhere across the these projects coming on line are havinhg trouble gettingthe (units) sold,” he This is the third large-scale condo development to go into receivershi in the past six months, following 5th & just across the Cumberlandr River from downtown Nashville, and the Braxton in Ashland
The Rolling Mill Hill condominiums were forces into receivership Tuesday by a lawsuit filedc by on behalf of itself andotherd lenders. The suit also asks the court to allow foreclosure onthe three-buildint project on Hermitage Avenue. The lendere claims non-payment of $21.4 million in construction loanw taken out bythe property’w owners, , a Wisconsin-based holding company for the project’s The original construction loans were $42.8 but that amount was reduced in a loan amendmenty on Sept. 26. , out of Greenh Bay, Wis., was teaming with the to redevelothe 34-acre Rolling Mill Hill site southy of downtown along the Cumberlanfd River.
Direct had plannecd a $55 million project with four condpo buildings on the site of theold , but canceled plan s for one of the buildings last John Hopfensperger, president of Direct, said Tuesday that his firm was no longerf involved in the and that the remaining development was being handled by the investor group, RMH. A contacf with RMH could not be reachedfor comment. The suit says the loan has been in defaulttsince Jan. 14, and the owners are now so short on cash that they were unablre to pay theirutility bills, which resultec in water service to the buildings beiny shut off last week.
Thougn the project was completed by no units in any of the buildinga havebeen purchased, accordinbg to records with the Davidson County Registerr of Deeds. The roughly 75 condos were primarlyt pricedbetween $230,000 to $680,000. Fiftee n of the project’s units had been designated as “affordablre housing” and were priced at $139,000 per unit. The developmengt ran into problems because Directwas undercapitalized, without enoughn money to pay for expenses even after work was completed, says Walked Mathews, president of , general contractofr for the project. He says the condos have greatf features, and construction was finished byApril 14, as promisee two years earlier.
“The unfortunate thing is we got all the way to thefinisbh line, and it turns into a mess,” Mathewz says. It is too earl to tell what will happen withthe properties. John Cheadle, who has been appointeed receiver ofthe project, will have to evaluatew the potential avenues for disposinf of the property, says John Kelley of , which is representinyg the lenders. A Davidson County Chanceryu Court date is set for Wednesdayy for Cheatle to present hisinitia findings.
The condos are just a portioj ofMetro Nashville’s larger Rolling Mill Hill revitalization effort, whichu has been in the workw for more than a A public-private partnership between MDHA and selecg developers, the project includess plans for retail shops and A timeline for the buildout remains unclear. But Tuesday’sa filing includes only the threer existing residentialcondos — two new high-rise buildings and a renovatee historic hospital buildling. This isn’rt the first setback for the project.
Last Baltimore-based , who had eyed the site on the west bank of the Cumberlan d River for amajor mixed-use closed its Nashville office and abandonedd efforts with the Plans had called for 214 condos, a 224,000-square-foot office building and up to 50,00o square feet of retail. Metro has already put abouy $10 million into the purchase of land and infrastructur for the condos and has establishefa $3.
5 million tax increment finance zone around the projecrt to pay off development bonds, says Joe Cain, developmenf director for the housing agency, which is actinb as the master developer for the But the city retains no ownershipp of the property and has no future liability for it, he The project has faced the same troublew as many new condos, Cain says. “Just like it’sa hit everywhere across the these projects coming on line are havinhg trouble gettingthe (units) sold,” he This is the third large-scale condo development to go into receivershi in the past six months, following 5th & just across the Cumberlandr River from downtown Nashville, and the Braxton in Ashland
Friday, February 17, 2012
LendingTree expands product offering - Orlando Business Journal:
ethelbertdiya3334.blogspot.com
According to the company, its customer-retentioh technology identifies customers byloan amount, loan-to-value loan purpose and FICO scores. “With refinancingv activity from borrowers representing a significant portion of overallorigination volume, our lendet network has expressed a desire to captures and retain current mortgage customers,” says Bob Harris, president of the LendingTrees Exchange.
“As part of the LendingTree banks and lenders that use ournew customer-retention initiative will be able to significantlt impact the ratio of overall mortgage portfolio retained, just as effectivelh as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lending and real estatw company. Tree.com’s principle businesses are LendingTree, whichb matches potential mortgage borrowers to and RealEstate.com, which works with individuals seeking homes and real estate agents. LendingTree says it has facilitated more than 25 millioh requests for loans onlineand $185 billion in closed loan transactions.
According to the company, its customer-retentioh technology identifies customers byloan amount, loan-to-value loan purpose and FICO scores. “With refinancingv activity from borrowers representing a significant portion of overallorigination volume, our lendet network has expressed a desire to captures and retain current mortgage customers,” says Bob Harris, president of the LendingTrees Exchange.
“As part of the LendingTree banks and lenders that use ournew customer-retention initiative will be able to significantlt impact the ratio of overall mortgage portfolio retained, just as effectivelh as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an online lending and real estatw company. Tree.com’s principle businesses are LendingTree, whichb matches potential mortgage borrowers to and RealEstate.com, which works with individuals seeking homes and real estate agents. LendingTree says it has facilitated more than 25 millioh requests for loans onlineand $185 billion in closed loan transactions.
Wednesday, February 15, 2012
General Motors bondholder plan fails - Houston Business Journal:
fugycyquwod.blogspot.com
GM said Wednesday that its offer to bondholders totradre $27.2 billion of unsecured debt for company stoco failed to satisfy the debt-reduction requirement in its loan agreementas with the U.S. Treasury Department. The Detroit automakere (NYSE: GM) confirmed that the principal amountt of notes tendered was substantiallyh less than the amountGM required. The offedr to bondholders expiredat 10:59 p.m. on May 26. The company’w board will meet to discuss the next which many analysts expect to result in abankruptcuy filing.
The federal government already has loaned GM morethan $19 GM told some 1,100 dealers two weeks ago they won’t have their franchise agreements renewed after they expire in 2010. The companyh has about 40 dealerships in the Houston according to a search onthe company’x Web site. They sell vehiclez under the brandnamea Buick, Cadillac, Chevrolet, GMC, Hummer, Pontiac, Satur and Saab. None have come forwarrd yet saying they received according toWyatt Wainright, a spokesman for the .
Underr Chapter 11 protection, the bankruptcy court could orderf GM's dealer network trimmed even
GM said Wednesday that its offer to bondholders totradre $27.2 billion of unsecured debt for company stoco failed to satisfy the debt-reduction requirement in its loan agreementas with the U.S. Treasury Department. The Detroit automakere (NYSE: GM) confirmed that the principal amountt of notes tendered was substantiallyh less than the amountGM required. The offedr to bondholders expiredat 10:59 p.m. on May 26. The company’w board will meet to discuss the next which many analysts expect to result in abankruptcuy filing.
The federal government already has loaned GM morethan $19 GM told some 1,100 dealers two weeks ago they won’t have their franchise agreements renewed after they expire in 2010. The companyh has about 40 dealerships in the Houston according to a search onthe company’x Web site. They sell vehiclez under the brandnamea Buick, Cadillac, Chevrolet, GMC, Hummer, Pontiac, Satur and Saab. None have come forwarrd yet saying they received according toWyatt Wainright, a spokesman for the .
Underr Chapter 11 protection, the bankruptcy court could orderf GM's dealer network trimmed even
Monday, February 13, 2012
Quiksilver secures $150M term loan, posts 2Q profit - bizjournals:
symowugebeda.blogspot.com
The Huntington Beach company (NYSE: ZQK) also posted second-quarterr earnings of $2.8 million. The five-year term loan with private-equity firm Rhonw was made to improve Quiksilver's liquidity and solidifuy its banking relationships. As part of the termsa of the loan, Quiksilver will name a pair of Rhon appointees to its boardof directors. Quiksilver also refinancer its credit facility with anew $200 million facility led by and . The compan is also in discussions with its French bankinvg partners to consolidate its European debts into anew multi-yeadr facility.
In the company's earnings report, the companyy swung to profitability in theseconrd quarter, posting the earnings of 2 centxs a share, which included several one-time items. Without the the earnings per share would have been 5 centxa share. Analyst estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, cominv in at $494.2 million. In the seconf quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.3 million. That quarted included losses of $244.9 million from discontinuesd operations. Quiksilver is an apparel and accessoriez company. Its core brands are Quiksilver, Roxy and DC.
A renewed focuse on those core brands are the focusw ofthe company's long-term plan to improve
The Huntington Beach company (NYSE: ZQK) also posted second-quarterr earnings of $2.8 million. The five-year term loan with private-equity firm Rhonw was made to improve Quiksilver's liquidity and solidifuy its banking relationships. As part of the termsa of the loan, Quiksilver will name a pair of Rhon appointees to its boardof directors. Quiksilver also refinancer its credit facility with anew $200 million facility led by and . The compan is also in discussions with its French bankinvg partners to consolidate its European debts into anew multi-yeadr facility.
In the company's earnings report, the companyy swung to profitability in theseconrd quarter, posting the earnings of 2 centxs a share, which included several one-time items. Without the the earnings per share would have been 5 centxa share. Analyst estimates placed the earnings at 9 centsea share. Sales dropped 17 percent, cominv in at $494.2 million. In the seconf quarter a year ago, the company lost $206.2 or $1.59 a share, on sales of $596.3 million. That quarted included losses of $244.9 million from discontinuesd operations. Quiksilver is an apparel and accessoriez company. Its core brands are Quiksilver, Roxy and DC.
A renewed focuse on those core brands are the focusw ofthe company's long-term plan to improve
Friday, February 10, 2012
Maldives leader quits after protests; VP sworn in - CBS News
ivyhofy.wordpress.com
The Voice of Russia | Maldives leader quits after protests; VP sworn in CBS News President Mohammed Waheed Hassan, who was sworn in Tuesday, c » |
Wednesday, February 8, 2012
He's the Pfoodman: Pfremmer shifts his lifestyle, company into high gear after a bout of pneumonia - St. Louis Business Journal:
qozadaunu.blogspot.com
"I've had a lot of universityt food experiences, most of them not worth mentioning," said the acting president of "Our students often compliment the which is unusual for Evans echoesthe students, comparinv special event meals from Lindenwood's campus caterer, , to five-star restaurants. The university liked Ralph Pfremmer, the president and principal ownerof Pfoodman, well enough to hire him threwe times -- most recently with Pfoodmanb after his stints with nationao competitors in the food service business. Nationao food service giants suchas , and one of Pfremmer'ds former employers, , dominate the food servic industry.
But more institutions such as Lindenwood want to work with smallerf companies suchas Pfoodman, Pfremmer said. In the last Pfoodman landed three new food service contracts inthe St. Louis area -- with and seniof living centers in WingHaven and inWebster Groves. The growt h in the St. Louizs area, plus consulting work for Pfoodman's existing clients, helped push the six-year-ol company to $7.3 million in revenue for its fiscalk year that endedJune 30. Pfremmer said the businessd is on track to generate morethan $10 million in revenu for its current fiscal year. The growtj in St. Louis also prompted Pfoodman to relocatw its corporate operationsfrom Columbia, Mo., to St. Louis in June.
Pfremmef joined Pfoodman in 2001. He receivedx a 20 percent stake in the then knownas , in part for bringing in contracts with Lindenwoox and Missouri Valley College in Marshall, Mo. A year laterf he borrowed $200,000 from in St. Louis to buy out the interesg ofTim Neilsen, one of the company founders. Pfremmer became presideng and now owns 65 percentr ofthe company. His partner and the company's Brian Dittmer of Columbia, owns 35 The company initially changed its name to HospitalityServicese Inc. It expanded into food service for senior living homees and later started calling oncountrh clubs.
Last year it started providing food service for in and this month it renewex its contract foranothert year. The Pfoodman name came shortlt after Pfremmer joined the businesds and had his own epiphany in the wake of a boutof "I used to be a smoker. I weighed abouf 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccoi and started exercising seriouslu and watchinghis diet. Pfremmer managed to blenfd his new lifestyle with his He took up bicycling and startedr providing food at bicycle races and other cycling events to promote his He became known asthe Pfoodman, and the name "I started marketing (with the cycling because it was the audience I Pfremmer became serious enough about the sport that he starte d racing in amateur road and off-road eventw throughout the Midwest.
He is a member of . Pfoodmahn now has nine contract food service sitesa and218 full-time employees. Of about 150 are in the St. Louisx area. Another 300 people work part time forthe "There's not many timese a person can jump on top of an organization this he said, adding that he believexs the company can triple its revenue in the next several "I can't go backwards now." Professional Jeff Causey, commercial lending officer of First Nationalo Bank in St. Louis, is Pfoodman's The company uses two law firms: Dale Rawlingz of in St. Charles and in Dave Wiggins of in Maryland Heightd isthe company's accountant. Pfoodman LLC 930 Kehrse Mill Road, Suite 324 Mo., 63011 www.
pfoodman.com
"I've had a lot of universityt food experiences, most of them not worth mentioning," said the acting president of "Our students often compliment the which is unusual for Evans echoesthe students, comparinv special event meals from Lindenwood's campus caterer, , to five-star restaurants. The university liked Ralph Pfremmer, the president and principal ownerof Pfoodman, well enough to hire him threwe times -- most recently with Pfoodmanb after his stints with nationao competitors in the food service business. Nationao food service giants suchas , and one of Pfremmer'ds former employers, , dominate the food servic industry.
But more institutions such as Lindenwood want to work with smallerf companies suchas Pfoodman, Pfremmer said. In the last Pfoodman landed three new food service contracts inthe St. Louis area -- with and seniof living centers in WingHaven and inWebster Groves. The growt h in the St. Louizs area, plus consulting work for Pfoodman's existing clients, helped push the six-year-ol company to $7.3 million in revenue for its fiscalk year that endedJune 30. Pfremmer said the businessd is on track to generate morethan $10 million in revenu for its current fiscal year. The growtj in St. Louis also prompted Pfoodman to relocatw its corporate operationsfrom Columbia, Mo., to St. Louis in June.
Pfremmef joined Pfoodman in 2001. He receivedx a 20 percent stake in the then knownas , in part for bringing in contracts with Lindenwoox and Missouri Valley College in Marshall, Mo. A year laterf he borrowed $200,000 from in St. Louis to buy out the interesg ofTim Neilsen, one of the company founders. Pfremmer became presideng and now owns 65 percentr ofthe company. His partner and the company's Brian Dittmer of Columbia, owns 35 The company initially changed its name to HospitalityServicese Inc. It expanded into food service for senior living homees and later started calling oncountrh clubs.
Last year it started providing food service for in and this month it renewex its contract foranothert year. The Pfoodman name came shortlt after Pfremmer joined the businesds and had his own epiphany in the wake of a boutof "I used to be a smoker. I weighed abouf 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccoi and started exercising seriouslu and watchinghis diet. Pfremmer managed to blenfd his new lifestyle with his He took up bicycling and startedr providing food at bicycle races and other cycling events to promote his He became known asthe Pfoodman, and the name "I started marketing (with the cycling because it was the audience I Pfremmer became serious enough about the sport that he starte d racing in amateur road and off-road eventw throughout the Midwest.
He is a member of . Pfoodmahn now has nine contract food service sitesa and218 full-time employees. Of about 150 are in the St. Louisx area. Another 300 people work part time forthe "There's not many timese a person can jump on top of an organization this he said, adding that he believexs the company can triple its revenue in the next several "I can't go backwards now." Professional Jeff Causey, commercial lending officer of First Nationalo Bank in St. Louis, is Pfoodman's The company uses two law firms: Dale Rawlingz of in St. Charles and in Dave Wiggins of in Maryland Heightd isthe company's accountant. Pfoodman LLC 930 Kehrse Mill Road, Suite 324 Mo., 63011 www.
pfoodman.com
Monday, February 6, 2012
Bank of America
lehoquvuhu.wordpress.com
It provides a diversified range of bankingand non-bankingv financial services and products through three businesss segments: global consumer and small-business banking, globa corporate and investment banking, and globalo wealth and investment management. It operates in all 50 states, the Districgt of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raised his price target for Bank of Americashare $5 to $19 per share whiler warning investors of loan losses, possibly setting aside $46 billionm in loan loss reserve for 2009.
“I n the second quarter, [Bank of America’s] position as the largestr lender in multiple sectors of the Americab financial system will haunt the companyt as itslosses expand,” Bove Bailing out Bank of America is its controversial acquisitions of Countrywidew and Merrill Lynch. The surgde in refinancing with lower interestratess (Countrywide) and the increase since the market low in Marchg of secondary equity financing (Merrill) are on balance boosting its second-quartet results. The scary part now is creditt card defaults. Bank of America said its defaultgrate (loans that are not expected to be paid back) jumped to 12.5 percen t in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrot e that “until lenders show stabilization, then trend-bucking improvemenyt over a several-month period, we remaimn bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continue to believr that macro challenges and credit quality concerns willpressure U.S. card issuer over the next 12 Williams wrote.
“We expect further challenges as unemployment ticks More than 20 analysts followedd by Thomson Reuters still see increased earnings with 2009 estimated to be 72 centxs pershare vs. 55 cent s in 2008, and up again to $1.021 per share in 2010.
It provides a diversified range of bankingand non-bankingv financial services and products through three businesss segments: global consumer and small-business banking, globa corporate and investment banking, and globalo wealth and investment management. It operates in all 50 states, the Districgt of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raised his price target for Bank of Americashare $5 to $19 per share whiler warning investors of loan losses, possibly setting aside $46 billionm in loan loss reserve for 2009.
“I n the second quarter, [Bank of America’s] position as the largestr lender in multiple sectors of the Americab financial system will haunt the companyt as itslosses expand,” Bove Bailing out Bank of America is its controversial acquisitions of Countrywidew and Merrill Lynch. The surgde in refinancing with lower interestratess (Countrywide) and the increase since the market low in Marchg of secondary equity financing (Merrill) are on balance boosting its second-quartet results. The scary part now is creditt card defaults. Bank of America said its defaultgrate (loans that are not expected to be paid back) jumped to 12.5 percen t in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percent from 9.9 Macquarie Research analyst John Williams wrot e that “until lenders show stabilization, then trend-bucking improvemenyt over a several-month period, we remaimn bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percengfor 2009, it would equate to an industru loss of about $70 billion. “We continue to believr that macro challenges and credit quality concerns willpressure U.S. card issuer over the next 12 Williams wrote.
“We expect further challenges as unemployment ticks More than 20 analysts followedd by Thomson Reuters still see increased earnings with 2009 estimated to be 72 centxs pershare vs. 55 cent s in 2008, and up again to $1.021 per share in 2010.
Saturday, February 4, 2012
Anchor Blue to close three local stores - Houston Business Journal:
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The store closings are part ofthe Ontario-basesd retailer’s restructuring plan. Founded in 1972 as Miller'ws Outpost, the retailer changed its name to Anchofr Blue in thelate 1990s. The company sells casual apparel for teensx and young adults and has 117 storew in12 states. The entire inventory at shuttering stores went on sale GordonBrothers Group, a global advisory, restructuring and investmengt firm specializing in the retail, consumed products, real estate and industrial is running the store closing sale on Anchor Blue’s “These strategic store closings will help us significantly improve operational performance as we proactivelyu restructure our business to conform to today’s Thomas Sands, chief executive officer of Anchor Blue Retailo Group, said in a news release.
“Anyone who lives near a closinfg store is encouraged to take advantaged of the tremendousvalues we’re offerinfg on all merchandise during the sale.” Anchor Blue Retail Grouo is the holding company for Anchot Blue and Levi’s & Dockerd Outlet by MOST. In the Sacramento Anchor Blue will close storeds at Sunrise Mall in Citrus The Village at Sacramento Gateway in Natomaz and County Fair Mallin
The store closings are part ofthe Ontario-basesd retailer’s restructuring plan. Founded in 1972 as Miller'ws Outpost, the retailer changed its name to Anchofr Blue in thelate 1990s. The company sells casual apparel for teensx and young adults and has 117 storew in12 states. The entire inventory at shuttering stores went on sale GordonBrothers Group, a global advisory, restructuring and investmengt firm specializing in the retail, consumed products, real estate and industrial is running the store closing sale on Anchor Blue’s “These strategic store closings will help us significantly improve operational performance as we proactivelyu restructure our business to conform to today’s Thomas Sands, chief executive officer of Anchor Blue Retailo Group, said in a news release.
“Anyone who lives near a closinfg store is encouraged to take advantaged of the tremendousvalues we’re offerinfg on all merchandise during the sale.” Anchor Blue Retail Grouo is the holding company for Anchot Blue and Levi’s & Dockerd Outlet by MOST. In the Sacramento Anchor Blue will close storeds at Sunrise Mall in Citrus The Village at Sacramento Gateway in Natomaz and County Fair Mallin
Thursday, February 2, 2012
A Yssingeaux, les Lejaby manifestent leur joie - Libération
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Le Point | A Yssingeaux, les Lejaby manifestent leur joie Libération AFP) Les 93 salariés de l'usine Lejaby d'Yssingeaux (Haute-Loire), qui devraient être repris par un fournisseur du m » |
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