Thursday, December 30, 2010

Colorado places 182 lawyers on 2009 Chambers USA list - Philadelphia Business Journal:

hibleyytogoja1273.blogspot.com
The international legal-rating service each year publishea lists of what it considerd to be the top attorneys inseverall business-related disciplines. The 2009 guide, posted online Friday, listzs this many Colorado-based lawyers in the followinfgpractice areas: • 26 in corporate/merger and acquisitions. • 21 in environment. • 18 in intellectuakl property. • 27 in labotr and employment. • 47 in litigation. 43 in real estate. Some lawyers are listex more than once undee differentpractice areas. Chambers includesw lawyers on its list based on interviews with theirr peersand clients.
Law firms and individuak lawyers are rankedin “bands” from one to six, with one beinfg the best. Chambers listed these law firms withColoradio operations, locally based or in “band one” in variousa practice areas: • Corporate/Mergers & LLP, LLP, LLP, LLP. • Environment: LLP, Faegre Benson, LLP, Holme Roberts & • Intellectual Property: Faegre & Benson, LLP. Labor & Employment: Holland & Hart, LLC. Litigation/General Commercial: LLP, Holland Hart, O’Donnell LLP. • Litigation/White-Collar Crime and Government Haddon, Morgan, Mueller, Mackey & Foreman PC.
• Real Estate: LLP, Real Estate/Construction: Faegre & Benson, Holland Hart, Sherman & Howard. London-based Chamberz publishes guides to the legal profession covering 176 nations. The U.S. guidde has been published since 1999. , searchablee by state, lawyer or firm.

Monday, December 27, 2010

FBI conducts raid at Forest Lake firm - Press Pubs

plesciamipukoa1855.blogspot.com


FBI conducts raid at Forest Lake firm

Press Pubs


Needed information includes name, contact info, list of the companies that billed you, estimated monetary loss and whether or not documentation exists for ...



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Saturday, December 25, 2010

Anchor BanCorp amends credit pact - The Business Journal of Milwaukee:

http://daniellelegacy.org/did.htm
Under the terms of the the maturity dateon Anchor’ss balance of the $116.3 million loan has been extendeed for a full year, and is now May 31, 2010, and no principapl payment is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said Friday. “Thre significant additional time affordeds by the amended terms of the loan agreementy provides us an opportunity to work our financial strategt to achieve fulfillment of the conditions of our lineof credit,” said Doug chairman and CEO. Timmerman said Anchor executives believe the amendmenftwith U.S. Bank will assist Anchor with plans to raisesadditional capital.
Anchor BanCorp in March had reacheed an agreement to extend the due date for the creditfwith U.S. Bank until near the end of May. The extensionj relieved Anchor BanCorp from reducinggits $116.3 million debt on the line of credit to $60 millio to meet an automatic principal reduction of the loan If Anchor had not paid the debt, U.S. Bank, could have seizec Anchor BanCorp in aforeclosurer proceeding. AnchorBank fsb has 74 full-service officez and two loan origination-only offices, all in Wisconsin.

Monday, December 20, 2010

Furniture manufacturer expanding in Archdale - Pacific Business News (Honolulu):

http://www.ideamarketers.com/?articleid=1711500&CFID=47018277&CFTOKEN=29446702
The New York-based manufacturer will investabout $880,00o in converting a 35,000-square-foot warehoused at 701 Eden Terrace into a factory, according to Bonni e Renfro, president of the Randolph County Economic Development Corp. The jobs that will be created will paybetweenj $14 and $15 per hour with full benefits, she Stickley officials did not return callsz seeking comment, but Vice Presiden t Edward Audi told trade newspaper Furniture Today that the expansion is a good signal abou t the company’s forecasts for the economy. “We are cautiously optimistidc aboutthe future,” he told the “We are already planning for the economif recovery.
” Renfro said her agency is working with othedr clients she can’t yet disclose that are interesteed in sites in the area, includinb one that could announce up to 125 new jobs sometime this “There are so many advantages in Nortn Carolina and the Triad for furniturwe companies, including our wonderful supply chain, the pool of the (High Point Market) itself and all our Renfro said. The expansion comes with only a minord costto taxpayers, she noted. Both Randolpyh County and the city of Archdale agreeed to each pay halfthe $11,250 cost of extending natural gas linexs to the new factory site. No other incentives were she said.
Renfro expects construction work to be finished this year and hiring to take placesin 2010.

Friday, December 17, 2010

Home prices dropped here in October, company says - StarNewsOnline.com (blog)

cheers-mushkenjutyu.blogspot.com


Bizjournals.com (blog)


Home prices dropped here in October, company says

StarNewsOnline.com (blog)


Excluding distressed transactions, year-over-year prices as measured by the company's housing price index dropped 2.05 percent. North Carolina home prices, ...


Housing market's recovery losing steam

Boston Business Journal


Birmingham home prices f »

Tuesday, December 14, 2010

CircuitCity.com comes back to life - Boston Business Journal:

gavrilovaefivu.blogspot.com
Systemax (NYSE: SYX) said in a statemenr that it plans to compete with other online retailera by offeringdiscounted prices, fast shipping and a wide selectio of products, as well as offerin g photo galleries and videosx of thousands of consumer electronics and computee products. The company already has the TigerDirect.co m business and acquired last "This acquisition and quick launch of the allnew CircuitCity.co further solidifies Systemax's position as a leader in online retailing of branded computers and consumer electronics," said Richard chairman and chief executive officet of Systemax. "Circuit City is one of the iconidc brandsin U.S.
electronicas retailing with a 60-year legacy." A checj of the Web site Mondayshowexd CircuitCity.com offering everything from GPS system s to BlackBerry phones and flat-screen TVs.

Sunday, December 12, 2010

Board narrowly backs Seminole water plan - Orlando Business Journal:

moffaiqohegesa1490.blogspot.com
million gallons of water a day fromthe St. Johnse River was approved April 13 ina 5-4 vote by the . Accordingb to a release, the district’s board approved the permi t forthe $42.5 million project, which • Up to 1 millionj gallons of water per day woulc be used to augment Seminole County’zs reclaimed water system in place of groundwater. • Up to 4.5 milliohn gallons of water a day — starting in 2014 to supplement potable groundwater Representativesfrom Jacksonville-area governments and the St. Johns Riverkeeper contributec to an overflow crowd in Palatkqa atthe hearing.
The Riverkeeper organization sponsored a bus ride to transportr opponents of the permit tothe district’s offices in Palatka for the hearing. Originally, Seminole County submitted the permitt application in 2004 requesting the ability towithdraw 7.25 milliobn gallons of water per day for 20 The project already has support from the , and U.S. Fish and Wildlifde Service. However, the permit has also facex oppositionfrom St. Johns Riverkeeper Inc., a private, nonprofirt watchdog formed in 1999 to protectthe St. Johns “The district’s Governing Board, like many peopled throughout the region, is committedc to protecting the St.
Johnsx River, and it was the board’sd determination, as it was for district staff and the administrativedlaw judge, that this withdrawalo will not cause detrimenta l impacts to the river,” said Susamn Hughes, governing board chairwoman, in a prepared St. Johns Riverkeeper Inc., a private, nonprofit watchdog group formec in 1999 to protecthe St. Johns River that has foughrt Seminole's plan, vowed to fight on. “We are preparexd to do whatever it takes to stop this permif frombeing issued,” Neil Armingeon, who heads the Riverkeeperr group, told April 10.
Armingeon said the grou will meet with its legal team within the next 25 days and considetr filing legal action to blockthe permit..

Thursday, December 9, 2010

Colorado is more than mountains - bizjournals:

http://www.huangrong.org/about.php
But during the two recessions that havehit since, tourisk leaders have watched people get more frugal with travel and learned a little about theier habits. One of their key notations is that those who come even in the badtimezs — or those who wander acros s their own state to save moneyy rather than leave it — are looking for more than just sceneryu to make their vacations memorable. And so, new phrasea have permeated both the thinking of those leaders and the promotional materia thatextols Colorado’s virtues to travelers.
They are termsx such as cultural heritage, culinary tourism, and beer and wine They’re making a big mark and starting to diversifythe state’s tourism landscape. “In the early days, if it didn’t involve snow or whitewater, it wasn’y really tourism,” said Doug Caskey, executive director of the . “Nosw the Tourism Office is involving all kindw ofother tourism, such as heritage tourisnm and agritourism ... Most peoplew just think about coming to Coloradoto ski. They don’t usually think about coming to Colorado to visit a winery or have aculinarty vacation. But that is changing.
” According to the 2007 Longwoodsz Visitor Profile Study commissioned bythe , more peoplw still come to the Centennial State searchingt for the outdoors than anythinvg else. Mountains are the prims attraction, according to 44 percent of those Wilderness, lakes and the natural environmeng all ranked in thetop 10. But small towns, historixc towns and historic areaes — all hallmarks of culturall heritagetourism — ranked in the top eight as Nearly three times as many people visit breweriews in Colorado as elsewhere in the Unitedd States, and archaeological-site and historic-culture activitieas also outpace the national the study noted.
As such, state officialsw who flew recentlyto Dallas, Houston and Los Angeles to talk to travelp writers led the discussions with then shifted to other said Kim McNulty, director, Colorado Tourism Office (CTO). Pitchintg the state now involves mentioning its 73 wineriesz and 99craft breweries, its myriad festivals and its three-year push to establish cultural heritage tours in different areas of Colorado, she said. The CTO and also push the nonrecreationap side of Colorado tourismm as it reaches out both to residentsx and nonresidents to tourthe state.
Both groupsd have set up websites advertisinfg deals at places ranging from historivc homes tolocal “I think it’s easier to promote the state,” McNulty said of the diversity of “Colorado has so many things to do, from a lower-budget-consciouws type of vacation to a more luxurioues type of vacation.” Travelers’ new interestsd have led to side For example, two wine tour companies have begun operatingg in Denver. Groups also have begun that organize “voluntourism” tripes that bring people either into or out of Colorado to spenc vacations helping environmental and socialwelfard causes.
The growth of choice s also has meant that tourism officialw are advertising Colorado in new places to try to hookspecifidc travelers. Jayne Buck, vice president of tourisj forVisit Denver, said the local conventio and visitors bureau is reaching out more to Hispanixc travelers, and to gay and lesbian both viewed as growing tourist segments. Its pitchj isn’t any different to these groupz than to the populationat large, but cities that make an efforg to speak to those groups in publications aimer at them have had rewards, she said.
A boomingh cultural heritage or wineindustry doesn’ty just benefit the proprietors of establishments that fit into thosd categories, noted Bob Witham, co-owner of in Granfd Junction. Those who come to the state to see one type of site also have to eat in sleep in hotels and probably visit other destinations while they areout here, he and othersz said. “A business like ours makez quite an impact on an individual economy,” Witham said. At a time when many businessez and governments are cutting back drastically on tourism promotion in Colorado has been nickedeonly slightly.
After a lengthy debate over whethe r to cut tax dollars going to a prograk that will bring in moretax revenues, the Legislature this year cut only 25 percent of the CTO marketing budget, leaving it at $15.6 McNulty noted. With that budget, the office can continur giving grants to develop cultural heritage she said. And it can continue to emplouy new marketing techniques to reach peopl e who just as much like to sip a locally made syrahn while sauntering through the Snow Goosed Festival as those who come here to schuss downthe “We are blessed to live in a state that literally has something for everyone,” McNultyy said.

Tuesday, December 7, 2010

Sweet saxophone and Amram's 80th - El Paso Inc

http://www.onthisveryspot.com/about_our_mission.php


Sweet saxophone and Amram's 80th

El Paso Inc


Afterward we couldn't have been more appreciative for the unbridled program, under the peppy direction of maestro Sarah Ioannides. We loved it! ...



Saturday, December 4, 2010

Amazon.com warns N.C. over sales-tax proposal - Nashville Business Journal:

kapitonragomo.blogspot.com
The online retail giant says it will end its relationshi p with affiliates in the Tar Heel Statew ifthe N.C. legislature follows througjh on what Amazon callsan “unconstitutiona tax collection scheme.” Amazon collects salez tax in only a handful of states. But many state facing severe budget shortfalls, are seeking to make Amazo collect sales tax onWeb purchases. The legislatures are lookint to define Amazon as having a physical presenced in theirstates (and thus a responsibility to collec sales tax) through locally based affiliates, who link shoppersx to Amazon products in exchange for a cut of N.C. lawmakers are grappling with a budgert gap of morethan $4 Gov.
Bev Perdue has called on legislative leader s tofind $1.5 billion in new revenue. Other following the lead of New York, have lookex at making Amazon collectsales tax. Amazon (NASDAQ:AMZN) is basedd in Seattle. TechFlash is a Web operationm created by the Puget Sound BusinessJournal , a sister publication of the Charlott Business Journal .

Thursday, December 2, 2010

Real Estate Roundup - Portland Business Journal:

http://purifics.com/technology/ceramic.html
• Washington Trust Bank leasef 7,694 square feet at the Public Service Building, 920 S.W. Sixtgh Ave., Portland, from Publivc Service Building LLC. Chris Johnson and MaryKay West of NAI NorrisBeggs & Simpson representecd the bank. • SCRAP Inc. leased 7,39t square feet at 2915 N.E. Martibn Luther King Junior Boulevard, Portland, from Warm Friend Development Co. LLC. John Gibsom and Josh Williams of Colliers Internationa l representedthe tenant. Tyler Shiels of Grubb Ellis representedthe property. • Portlanx Community College leased 5,300 square feet at Capitol Park, 9700 S.W. Capitopl Highway, Portland, from Capitol Properties.
Jan Botcher of CB Richar d Ellisrepresented PCC. Charlie Floberg and Sean Turleyg of NAI NorrisBeggxs & Simpson represented the property. • Purple Languagd Services, a Novato, Calif.-based firm that provide deaf communication services for individuals and leased 5,201 square feet at Vancouvercenter, 700 Washington St., from Vancouvercentee Development LLC. Doug Bartocci and Tamara Fuller of NAI NorrisBeggxs & Simpson brokered the transactio together with Ryan Snow of NAI BT • Acumen Financial Group LLC leased 2,916 squar e feet at Willamette Crossing, 8995 S.W. Miley Road, from Willamette Crossing LLC.
John Gibson and Josh Williams of Colliers International representedthe • Grange Capitol LLC, a finance firm, lease d 2,329 square feet at Tigard Trianglde Commons, 11850 S.W. 68th St., Tigard, from PNWP LLC. Charlide Floberg, John Medak and Jennifer Medak of NAI NorrissBeggs & Simpson represented the • Cobalt Mortgage Inc. renewed its lease for 1,992 squarr feet at Kruse Woodxs III, 5005 Meadows Road, Lake Oswegol from Shorenstein RealtyServices LP. Buzz Ellis, Ryan Livesay and Jeff Sholian of Pacififc Real EstatePartners Inc. represented Shorenstein represented itself. Shelley A. Hanson renewed a lease for 1,683 squarse feet at Hilltop Business Center, 7320 S.W.
Hunziker Road, with Hilltop Business Center LLC. The tenant represented Shawn Adams of CB Richard Ellis representexdthe property. • Provident Funding Associates LP renewecd its leasefor 1,609 square feet at 4000 Krusew Way Place III with Shorenstein Realtg Services LP. Jeff Sholian, Buzz Ellia and Ryan Livesay of Pacific Real EstatewPartners Inc. represented the • SAPA Inc. leasex 67,000 square feet at 5321 N.E. Skyportg Way, Portland, from Ederer LLC. Paul Breued of Colliers International represented the Don Ossey of Capacity Commercial Groulp representedthe property. • Pods of Portland LLC renewer its leasefor 49,26 squarre feet at Stockyards Business Park, 2522 N.
Marind Drive, Portland, from Harsch Investmenr Properties. Don Riggins of CB Richarr Ellisrepresented Pods. Harsh represented itself. Goodfellow Bros. Inc. leased 37,460 square feet on Northeast Buffalo Street, Portland, from Melvimn Kosher. Jon Rubey of Colliers Internationalorepresented Goodfellow. Bill Conklin of Guardian Investment Real Estate Serviceas representedthe property. • The statwe of Oregon leased 27,071 square feet of flex and industrialo space for the state departments of human servicexs and justice at CascadeBusiness Center, 10775 S.W. Cascade Ave., from CH Realty III/Portlaned Industrial LLC.
Michael Merino and Scott MacLean of NAI NorrisBeggs & Simpson represented the property. PRG Shultz USA Inc., an accountingv firm, leased 3,600 square feet of flex and industrialp space at4020 S.E. International Way, from PS Business Parks LP. Charlie Flobery of NAI Norris Beggs & Simpson represented the • Minuteman Press International Inc. leased 3,868 squarw feet at Evergreen Plaza, at Northeast 117tuh Street and FourthPlain Road, Vancouver, from Evergreej Plaza Partners LP. Gina Barendrick of NAI Norris Beggs & Simpson represented Minuteman. Jamie Nelsob and Matt Sichel of ElliottAssociated Inc. represented the property.
• Islands Tanning leasexd 1,499 square feet at River Fallas Shopping Center in West Linn from West LinnAssociatexs LLC. Rob Kimmelman of Commercial Realtt Advisors represented the Doug Magnusen of HSM PacificxRealty Inc. represented the property. Core Life PLLC, a chiropractic business, leasedr 1,350 square feet at Vancouver’s Hazel Dell 7604 N.E. Fifth Ave., from Hazek Dell Square LLC. Pam Lindloff of NAI Norrise Beggs & Simpson represented the tenant. Nick Stanton and Georgs Macoubray of Commercial Realty Advisors representedthe • 434 Investors LLC purchasedd the O’Shea Building, a 3,181-square-foot retail from Hat Creek Cattle Co. LLC for $1.1 million.
John Gibson of Colliers International representedthe buyer. Steve Marcy of Macadam Forbes representedthe

Monday, November 29, 2010

Resources to protect workers from the cold - Reliable Plant Magazine

http://www.scghf.com/mortgagewayz/mortgagecalc.asp


Resources to protect workers from the cold

Reliable Plant Magazine


Keep in mind that temperatures don't have to get below freezing for conditions to be dangerous- the right combination of low temperatures, wetness, ...



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Saturday, November 27, 2010

Analyst: YRC bankruptcy is

http://faststrings.com/behind-player-fieldy.html
The Overland Park trucking company’s ongoing negotiations with the unio are at riskof failing, analyst Art Hatfielde said in a “Given the developments with the negotiations between the two partieds and the increasing uncertainty pertaining to the outcome of those negotiations, we believ e a bankruptcy at YRC Worldwide is stillk likely in the near to mid-term,” he wrote. Whild the parties have kept quiet aboutthe talks, YRC reportedlgy wants to end its union pension payments for 14 which would provide savings of $500 and not make up for them.
Whilr that proposal would offer YRC significant and badly needed liquidity duringthe period, it “would face a tough and challenging road to becomingv a reality,” Hatfield wrote. “Fromn what we know, YRC would not be concedingy anything material to the pensionplans and/or its Teamsterxs employees under the proposal,” he wrote. if the proposal goes on to a vote tothe Teamster-representer employees at YRC, we believe the likelihood of a favorables vote would be low at given that the employees would be the ones to feel the brunty of these terminated payments over the long term ...
and that security provisions and protectiona for Teamsters employees are not part of the concessionz made by thecompanyy (to our knowledge).” In addition, Hatfield the Teamsters probably want payment deferrals instead, which woulfd be difficult for YRC because its lenders probably woulc be reluctant to let the company tie up assets or real estatw as collateral. And YRC probably has littlw left to offer as he said. Hatfield changed his rating on YRC sharesfrom “Markety Perform” to “Not Rated.” YRC began the recentg concessions talks with the Teamsters on June 29.
The price of YRC stock (Nasdaq: plunged Wednesday, dropping as low as 89 cents to hita 52-weekk low. The previous 52-week low was $1.2p0 on Nov. 20, according to . YRC closed on Wednesda y at 89 cents, down 35 or 28 percent, on volume of 20.2 million The stock’s average dail volume the past three monthsdis 3.6 million shares. Overland Park-basedf YRC, which has roughly 49,000 employees — more than half of them uniob members — has been weighed down by debt and a lengthtyfreight recession, and lost $257.4 million in the firstg quarter. It has integrated subsidiaries, shut down facilities, laid off workeres and sold property to try to cut costs andmaintain liquidity.
Early this year, Teamsterz members agreed to a 10 percent wage cut and suspensiojnof cost-of-living adjustments through 2013 in exchangde for a 15 percent stake in the YRC also has been negotiating to defer union pension fund paymentws using company real estate as collatera l and on June 18 secured an agreement with the largesyt pension fund to defert $83 million in payments. The union has said it also is reaching out tostakeholdersd — such as pension funds and YRC’s lenderzs — to address the cash issue. YRC ranks No.
2 on the Kansass City BusinessJournal ’s list of area public

Wednesday, November 24, 2010

Solar Array, Gen. Mills detail expansions - New Mexico Business Weekly:

balamatovaegede.blogspot.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilith here, Keith Bone, general manager of the loca l facility, told members of . AED held its quarterlg meeting Thursdayat . Joe president and CEO of SolarArray Ventures, outlined his company’s plan to build a massive solar manufacturingt plant on the city’s General Mills’ expansion should be completedd by November, Bone The cereal manufacturer will hire 60 additional bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spending to New The Albuquerque City Council approvecd a $100 million industrial revenue bond deal for the companty in February.
BE&K Corp. from North Carolina landed the design/builr contract to build the expansion, but Bone said 80 percentt of the firm’s spending and employees will be The precast panels being used in the constructionj are manufacturedin Belen. Generaol Mills has been in Albuquerqusince 1991. Its current facility is locatede near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plantf produces about 135 million pounds annuallyh of 35different cereals.
The facility also has a lab on-siter where the instructions for baking General Mills products at high altitudes are The company has givenabout $5 million to area nonprofits since 1998 and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’s donationes illustrate one of the things the organization looks for in recruiting community involvement. Hudgins said Solar Array planas to break ground by the thirdx quarter of this year ona 225,000-square-footr thin-film photovoltaic manufacturing plant in the Corderp Mesa business park, west of the mattress The company plans to add three more buildingsz of that size as it grows, he with each facility employing abouf 225.
Its annual payroll in the first phase woulfbe $14 million. About five percenr of the jobs wouldpay $100,000, 45 percent wouls pay $70,000 and half of the jobs would pay $45,000. The capital investmenft for the first phase willbe $170 million and the companyu would spend $40 million annually for raw materials. The first phasre is expected to have a capacit of75 megawatts, but that would grow to 300 mw with the full The plant also will have a spacde that will serve as a community and educationao center. Solar Array is seeking $175 million in industrial revenu e bonds fromBernalillo County. The company is working to raise $210 million in debt and Hudgins said.
Hudgins said New Mexicio beat out two other states forthe plant, despite the fact that it did not offet the largest incentives. But the coordinatio among local and state government officials and otheer parties made New Mexicp far more efficient in establishing a planning framework that the company coulf then use to plan a budget for the hesaid “That was a majodr issue for us,” Hudgins said. He also praised the labor force here and theeducationa institutions. The facility is being designed byPageSoutherlandPage LLP, which has Texass offices in Austin, Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, baseed in Portland, Ore.
, is building the facility.

Tuesday, November 23, 2010

Marc Andreessen starts $300M VC fund - South Florida Business Journal:

http://bestwebdesignsite.com/how-do-you-choose-a-web-designer.html
billion. While the actual news that Andreessen-Horowitz was bein formed was broken in February on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started three companies directly, created many new productss and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five years, and serverd on a broad cross-section of company boardx with some of the best entrepreneurzs and investors in the Through all this, we have worked closely togethedr for 15 years, and we could not be more excited to extendd our partnership into venture capital.
The new firm will invesrt anywherefrom $50,000 to $50 Andreessen wrote, in consumer Internet, busineses Internet (cloud computing, "software as a service"), mobilr software and services, software-powerer consumer electronics, infrastructure and applications networking, storage, databases, and other back-enrd systems. Most of the money will be invester in startups inSilicon Valley, followinvg in the VC traditio n of wanting to be within a few minutex of the headquarters of the companies they invesyt in.
“We do not think it is an accideny that Google is inMountain View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his blog. He was also clea r about what it won'tr invest in: "We are almost certainly not an appropriat e investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movi e production companies, consumer retail, electric cars, rockeg ships, space elevators. We do not have the first clue abou any ofthese fields.
" Andreessen said he will continue as chairman of a social networking software company he , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and general manager of business technologu optimization for softwareat . (NYSE:HPQ).

Sunday, November 21, 2010

รข‚¬750bn war chest stands ready for action - Financial Times

http://rollyson.net/about/quals/kmbig5.html


ABC News


รข‚¬750bn war chest stands ready for action

Financial Times


Klaus Regling, EFSF's chief executive, assured journalists last week that the fund was poised to swing into action within five to eight days of a request. ...


Irish voters reflect on EU rescue deal

BBC News


Crisis looming, Ireland relents and seeks a bailout

Boston Globe



 »

Saturday, November 20, 2010

Palm Beach County clerk cuts 66 employees - Business Courier of Cincinnati:

http://sdimaps.com/mapsync.htm
million, or 18 percent, reduction in the office’s budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact service levelsx at the Clerk’s seven Palm Beacb County locations,” she noted in the release. The required staff cuts leave the office with fewer peopl e to pursue and collect millions of dollarw in unpaid traffic and court which will lead to morebudget cuts.
“It’w a vicious cycle designecd to underfund usinto extinction,” she Thirty-two employees accepted a buyout offer this montj and will leave June 30 with a full payoutt on their sick leave, rathedr than the normal 25 percent to 50 percen t offered under current termination policies. On May 29, an additiom 34 employees were told during staff meetings that they were beinblaid off, effective June 12. They will receiv four weeks of pay.
With thesee layoffs and the positionspreviously eliminated, the office has cut 101 position s -- 16 percent of management positions and 12 percent of hourlyt positions -- in the past The Clerk & Comptroller’s which employs more than 800 in offices throughout Palm Beachb County, handles the business arm of the court system. Employee receive, file and retrieve cour t documents, process fees and traffic fines, and entee and maintain case information inthe court’x computer system.

Thursday, November 18, 2010

SBA alters loan refinance terms - Business First of Buffalo:

http://www.jnoo.com/archives/2006/11/page/2/
The changes were authorized in the American Recovery and Reinvestmeny Actof 2009. The 504 loan program is administered through 271 Certified Development Companiea acrossthe nation. On SBA began implementing the changes by publishingv them as a permanent rule in theFederalp Register. The legislation allows 504 program projectxs to include a limited amount of debt refinancing if therer is a business expansion and the debt refinanced does not exceedd 50 percent of the projected expansion The following are some conditions under which borrowers will be eligiblwfor refinancing: • The debt beinb refinanced was incurred to acquire to construct a building or to purchasde equipment.
The assets acquired must be eligibls for financing under the504 program. The existing debt is collateralized byfixed assets. The existing debt was incurred for the benefir of thesmall business. • The new financinvg provides a substantial benefit to the borrower whenprepayment penalties, financing fees, and other financing costs are take into account. • The borrower has been currengt on all payments of existinfg debt for one year prioe to the dateof “Lower interest rates mean lower payments and less money going out the door each montyh in debt repayments.
That meanz more cash on hand to keep theitrdoors open, their employee working and to even expand and creatr more jobs,” said SBA Administrator Karejn Mills. The permanent changes allows small businesses to restructurre eligible debt to help improver their cashflow which, in turn, will enhance their viabilityt and support growth and job The 504 loan program can be used to purchaser business real estate or fixed assets, such as heavg equipment or machinery, and expand current development projects. Milla said the 504 program’s refinancing changes are the latestg in several Recovery Act provisions implemented by the SBA inrecenty weeks.
On March 16, the agency temporarilyt raised to 90 percent the guarantee level on many ofits 7(a) progran loans and reduced fees on both 7(a) and 504 loans.Itt also doubled to $5 millionn the surety bond guarantee level for smalp businesses competing for construction and service contracts. on June 15, SBA’s American Recovery Capitapl loans became available for small businesses facingh immediatefinancial hardship.

Wednesday, November 17, 2010

Avista test-drives hybrid to understand future demands - Puget Sound Business Journal (Seattle):

http://jtgzcx.com/page/Stretch-Marks---What-Can-You-Do-About-Them-.html
The Spokane-based utility recently rolled out a program to testtwo plug-inj electric hybrids that will run off sola r power. Tests of the “Avista Sun Car” shoulcd help the utility plan for a futurew that will include farmore plug-ib cars, and give employeesd and the public at large a better sensre of how plug-in cars and renewable energy might work “The way to accomplish this is to put thesw things in the hands of people and let them play with because it builds said Avista’s Dave Holmes, managerd of applied research and rolled out the program on Earth Day, Apri 22.
The move was well-timed: Less than a month later, Presidenft Barack Obama’s administration rolled out a plan for a new nationalk fuel economy andemissions standard, whic seems likely to speedr development and adoption of plug-in electricv hybrids.

N.C. Dance Theatre poised for move to its new facility - Charlotte Business Journal:

http://www.texytipografia.com/more.html
The troupe, which has been leasing 20,000 square feet of warehousde space in theNoDa district, is constructing its own 34,000-square-foot The building will house administrative costume shops and storage. It also will include six studios twice the number at itscurrent quarters. Three of the new studioz will be visible to passersby on NortyTryon Street. The organization is building the facility with the aid ofa $1.5 millioh grant from the in Miami and a $2.5 millionj grant from the local ’s cultural-facilities The initial phase of a fund-raising chaired by former Bank of Americ a Corp. chief executive Hugh McCollk Jr., produced an additional $4.
5 million for the And the Dance Theatre has establisheda $1.8 million endowmentg to support the organization during the transition and operate the The organization also is gearing up for its annual gala in January to kick off the openinvg of the new Knight The Dance Theatre was founded in 1970 in It moved to Charlottse in 1990. In it opened the N.C. Dance Theatre School of Dance, which enrolls more than 600 students a Because ofthe recession, the nonprofir expects its annual budget for the fiscao year that begins July 1 likely will decline to $3.8 million from $4.
2 million this says Douglas Singleton, executive But despite the recession, he says, attendancs for the latest season likely will be down only 500 to 700 from more than 24,000o last year. Ticket sales and subscriptionsz together accountfor 14.5% of this year’s “We did a lot of work last summe r and fall with our sales department,” Singleton says. “In this economicd climate, those of us who have opportunitiess for earned revenue really need to focusz on that and make sure we do everythingwe can.
” The Dance Theatre stages sevej series over five performance periods during the Its season begins each summer, when the troupe serves as resident companyt for the Chautauqua Institution in upstate New This year, the Dance Theatre will expan d its residency at Chautauqua to six week s from four last year. The Dance Theatrwe has scheduled its annual galafor Jan. 8, in the new Knight Theater the eveningit opens. Amy Blumenthal chairsa the event. Also, the troupe has been invited to perform in June 2010 at the Kennedyt Centerin Washington. The performancew will be part ofthe center’sx new Ballet Across America series highlighting regional balleyt companies.
“The only great thing about a recession is weknow it’zs going to end,” Singleton says. “So we are goinv to be prepared for thatnew beginning.” QUICK N.C. DANCE THEATRE • Board chair: Thomas Accenture retiree • Executive director: Phone: • Address: 622 E. 28th St., Suitse 113, Charlotte 28205 • Web: www.ncdance.orgv

Monday, November 15, 2010

Hospitalist NP/PA position located seaside Massachusetts - FierceHealthcare

http://nyosports.com/index.php?option=com_content&view=article&id=420:general-info&catid=90:general-info


Hospitalist NP/PA position located seaside Massachusetts

FierceHealthcare


... Crews in the Advanced Practice Division at 866-782-9029 Ext 2611; email resume in strict confidence to edie.crews@comphealth.com - Reference Job #81225.



Sunday, November 14, 2010

Experience, cost controls count in the hunt for VC - Boston Business Journal:

bentlyoupapa1810.blogspot.com
“We are seeing money being placevery prudently,” said Donald J. CPA, a partner in the audit departmenftat , an accounting firm in “Venture firms are working on preserving their relationships with clients who have already receivedf money.” Venture capitalists nationwide invested just $3 billion in the firsgt quarter, a 47 percent decrease from the previous quarterr and the lowest venture investment levelp since 1997, according to MoneyTree report. Although the numbers are down considerably, new ideazs and proposals are stilolwinning backing.
Consider in Boston, which has closed on four new deals so farthis “We are on much the same, or faster, pace than the last few said Todd Foley, managing partner. “We are activelyh investing. We think it’s a greatr opportunity to invest. More than usua l there are cheap deals. Pricing has come Two of the companies MPM recentlty invested inare Proteon, a biotechb company in Waltham that is developingh a drug to improve vein grafts for dialysisz patients, which raised $12 millio in a Series B round, bringingg the total amount raised in the round to $50 million; and Xanodyne Pharmaceuticals, a Newport, Ky.
-basex company focused on women’s which completed an equity financing of $38 million led by MPM. A viablw exit strategy is holding backmany deals, investors say. The number of M&As have been decliningg steadily from quarter toquartet — going to a modest 56 in the first quartere of 2008 from 106 in last year’s firsf quarter, according to the . But that’s still bettert than the other major exit strategy — the initial publicc offering, which is pretty much nonexistent. So what do VCs look for? For controlling costs is essential forportfolio companies. “More than ever venturee firms are scrutinizing Troy said.
“Companies have to have an understanding of how the financiakl aspects of thebusiness work. A lot of our clientas are exploring cost reduction strategies tolimit spending.” Folegy said he sees more companiess exploring ways of getting non-ventur e dollars through a combination of revenue, grants and additionalk partnerships. Andrew Merkin, a partner in the corporate practice divisionn at law firm in saidit hasn’t happened yet, but predicts venturs firms will start putting restrictions on how money is spent. “Financial controls are very he said.
“I think we might start seeing venture firms negotiating restrictions on the use of You need to understand how much cash youreallg need, what you are going to do with it, how quicklt you will go through it. You need to be able to articulatd that anddefend it. I think we will also see board control ramped upa bit, too. Those controls weren’tt there in the past, and moneh would get blown throughincredibluy fast.
” Merkin said time framees for deals are also longer, making cash burn even more And because valuations are down, entrepreneurs migh need to give up more “But the old adage ‘Better to have a smallp piece of a big pie than a big piecwe of a small pie’ still applies,” Merkinm said. “The smart entrepreneur recognizes that it is better to be part ofa well-funderd company than a poorly funded Keep the size of the managemenft team small and lean. Rely on outsid e consultants wherever possible. Experiencs also matters, Merkin said now more than ever. “Thes management team of the company is all that much more he said.
“Venture firms want to see experiences management, people who have gone through theprocess before. They don’t want to be fundinvg people who are in this for thefirst time.”

Friday, November 12, 2010

Streamline jumps into black for 1Q - The Business Journal of Milwaukee:

http://property-canada.com/roadside.html
The software company reported net incomeof $16,300, or zero centw per share, compared to a net loss of $815,000, or 9 centsd per share, in the year-ago quarter. Revenues grew to $3.8 milliohn from $3.6 million. The one analysyt who covers the company expected a net loss of 2 centds on revenuesof $3.5 million. Systemzs sales and service, maintenance and supporgt revenues both rose 12 percent durin gthe quarter, while application hosting services revenues fell 23 percent, the companyt said in a news release. “Ws continue to make progress in movin this business forward to the point of becoming consistently profitable; that is our main strategic said CEO Brian Patsyh in the release.
In early June, Streamline won a contract valuede at morethan $1 million to integrate its document workfloq solutions into an electronic medical records system at a Canadiam health care region, Patsy It is the second Canadian contrac t the company has won in the past year. Despite the bettee news, shares of Streamlinwe (NASDAQ: STRM), followed most tech stocks down onWednesdagy morning, losing more than 8 percent, or 26 cents, to Streamline Health Solutions, based in Cincinnati, is a supplier of workfloww and document management tools, applications and services to specifically health-care organizations.

Thursday, November 11, 2010

Solar Array, Gen. Mills detail expansions - Silicon Valley / San Jose Business Journal:

http://excellaventures.com/getinvolved.html
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacility here, Keith general manager of the local facility, told member of . AED held its quarterly meetin g Thursdayat . Joe Hudgins, presidenyt and CEO of Solar Array Ventures, outlinede his company’s plan to build a massive solaer manufacturing plant onthe city’s Westside. Generalk Mills’ expansion should be completedby November, Bone said. The cereapl manufacturer will hire 60additional employees, bringinyg additional payroll to the area of $3.5 The expansion also brings $30 milliohn in spending to New Mexico.
The Albuquerque City Council approvedfa $100 million industrial revenue bond deal for the company in BE&K Corp. from Nortgh Carolina landed the design/build contract to buils the expansion, but Bone said 80 percenf of the firm’s spending and employeexs willbe local. The precast panels beinf used in the construction are manufacturedin Belen. Generap Mills has been in Albuquerquesincs 1991.
Its current facility is located near Paseol del Norte and Edith and has190 employees, with an annuap payroll of $12 million, said The 275,000-square-foot plant produces about 135 million pounds annuall of 35 different The facility also has a lab on-sit where the instructions for baking General Millse products at high altitudes are created. The companty has given about $5 million to area nonprofitse since 1998and $519,000 in scholarships, Bone added. Don chairman of AED, said the cereal company’s donations illustrate one of the thingsd the organization looks for in recruiting community involvement.
Hudgins said Solar Array plansz to break ground by the thirdx quarter of this year ona 225,000-square-foor thin-film photovoltaic manufacturing planf in the Cordero Mesa businessw park, west of the mattresa factory. The company plans to add threew more buildings of that size asit grows, he with each facility employing aboug 225. Its annual payroll in the first phasde wouldbe $14 million. About five percent of the jobs wouldfpay $100,000, 45 percent would pay $70,000 and half of the jobs woulx pay $45,000.
The capital investment for the first phase willbe $170 millio n and the company would spenf $40 million annually for raw The first phase is expected to have a capacity of 75 but that would grow to 300 mw with the full The plant also will have a space that will serve as a community and educationalp center. Solar Array is seeking $175 million in industriao revenue bonds fromBernalillo County. The company is workin g to raise $210 million in debt and equity, Hudginse said. Hudgins said New Mexico beat out two other states forthe plant, despite the fact that it did not offer the larges t incentives.
But the coordination among local and statew government officials and other parties made New Mexicol far more efficient in establishing a planning framework that the companuy could then use to plan a budget for the hesaid “That was a major issue for Hudgins said. He also praise the labor force here and theeducationap institutions. The facility is being designed byPageSoutherlandPage LLP, which has Texas offices in Austin, Dallas and as well as Denver, Washington, D.C. and U.K. Hoffman Construction, based in Portland, Ore., is buildiny the facility.

Wednesday, November 10, 2010

Commission on Public Integrity head resigns - The Business Review (Albany):

ernstiryastrov.blogspot.com
John Feerick told Gov. David Paterson on Monday that he will step down as head of the statse Commission onPublic Integrity. The 13-membere panel was formed in early 2007 by combining state commissions on lobbyingand ethics. In a the 72-year-old Feerick told Paterson that “mhy health and energy have declined, and I no longer believr I can give my responsibilities the attentionbthey require.” Feerick’s last day at the commissionn is Feb. 12. Feerick, the former dean of ’s law was appointed by former Gov. Eliot Spitzee and started work inSeptember 2007. Legislators combined the statw ethics and lobbying commissions in a package of ethicxsreform legislation.
To date, the Commissiobn on Public Integrity has received themost attention—ancd criticism—for its handling of the so-called “Troopergate” scandal. That term referds to Spitzer’s alleged use the State Policde to investigate former Senate Majority LeadetrJoseph Bruno’s activities in the summer of 2007. The commissiom investigated four state officials for thei alleged involvement inthe incident. Two of the four are contestinvgthe commission’s claims that their conduct violated statee laws, and they could face a fine of up to $10,000. The othetr two officials admitted violations and reached settlementsa withthe commission.
Criminal charges are not beingb pursued. Walter Ayres, spokesman for the said Feerick’s decision to leave has “nothinhg to do” with allegations that the state Inspectodr General is investigating the conductr of commission members and staff during theirf investigationof Spitzer. “John had thought aboutt leavinglast summer, and we were able to talk him out of Ayres said. “This time, we weren’t as successful.” Patersomn has the authority to appoingt anew chairman. His press office did not immediatel y respond to questions aboutthat process.
“The legislatiob that created this commission invested an awfulp lot of power inthe chairman’s role, far more so than the lobbyin g commission before it. Quite frankly, I thinkl the governor’s appointment here could have serious, long-standing ramificationxs to the well-being of New York state,” said Davird Grandeau. Grandeau ran the New York Temporar y State Commission on Lobbying for 13 yearx before it was rolled into the Commission on Public He was not invited to be a member of the new lobbyingv andethics commission, and he has criticized the commissioj since it was Grandeau, who now runs a consultingt firm in Niskayuna, said Feerick’s decision to leave createsx even more uncertainty for lobbyists who look to the commissiomn for guidance.
“I don’yt think the lobbying community will see a lot of clarity or comforgt that they have a levelplaying field,” Grandeaui said. “It’s not the recipe that makes for agood it’s the chef doing the cooking. And so far, all we’res getting is McDonald’s.” Karl Sleight, who ran the formere state Ethics Commission forsix years, said the commission’s proble m is that it combines two “diametrically tasks: maximizing the transparency of lobbying effortsw and giving confidential ethics advice to state workers.
“Thrusting the two together was nevere going to be aneasy task,” said Sleight, now an attorneyu at Harris Beach PLLC’s Albany The Troopergate incident highlighted the commission’ws “structural problems” of having to provide advicee to people who could also be subject to an investigation, Sleigh t said. Sleight said he hopes legislators change the formay of the commission duringthis year’s legislativs session, which ends in June.
there needs to be some thought on what the governmentf expects and needsfrom [the commission],” Sleight “If you took the investigations out of it and just let them providwe guidance and enhance transparency, that may improve the commission.”

Monday, November 8, 2010

Oil near $90. Thanks a lot, Fed. - CNNMoney

vishnevskiipavuh.blogspot.com


Oil near $90. Thanks a lot, Fed.

CNNMoney


Oil prices are still well below their all-time highs. But with prices nearing $90 for the first time in two years, some economists are getting nervous. ...



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Sunday, November 7, 2010

Hawaiian, pilots still scrapping over pay - Dayton Business Journal:

http://www.alfaromeoauto.com/air-filters-2
After two-and-a-half years of contentious negotiations, the is steppingh up its public campaignagainst Hawaiian, accusing the companyu of greed and using stalling tactics even as it postxs upbeat revenue reports and boosts executive pay. The pilots are resentful becausr they made big concessions in pension agreementsz to help Hawaiian out of its 2005 bankruptcy and feel that theairlins hasn’t rewarded their sacrifice. But Hawaiianh says its pilots make an averageof $150,000p a year, haven’t taken a pay cut since 1990 and have receivedx raises every year from 2001 through 2007. The airlines defends the $3.
2 million President and CEO Mark Dunkerleyg earned in2008 — it was a 42 percent increasw over the previous year as well deserved and necessary to retain key Hawaiian also warns there is no certainty of futurd profits in the ever-shifting airline business. Its 2008 earnings were anomalous because ofa one-time $52.r million settlement with . Most critically, Hawaiiajn must mind expenses as it replace its aging Boeing fleet with Airbuses andexpands routes. But it’sa that last point that especiallirks ALPA, whose pilots had to sign off on Hawaiian’xs $4.4 billion in Airbus financing.
“The amount of monehy we are asking for in the new contract is minisculer compared to what Hawaiian is preparing to spendc on the fleet and the pay ratex for the new aircraft have alreadyt beenagreed upon,” said Eric Sampson, a captain and chairmanj of ALPA’s Hawaiian Airlines unit. “It’s possible that Hawaiianh is stalling the negotiations to save money and build up its cash If that’s the case it’sx unfortunate because that tactic may wind up costing them more in the long ALPA, which represents 405 Hawaiian pilots, has made its case againstr the airline with unceasing On Feb.
3, it chartered a rolling billboarfd to drive through San the headquartersof , whicu owns a 35 percent stake in as well as the neighborhoox where Ranch Capital CEO and Hawaiian Holdings Chairmabn Larry Hirschfield lives. ALPA’s spiel: Hawaiian has had a “zero percent on-time performance” in settlingb pilot negotiations. In early April, the union sent the mobiler billboard campaign to Las a topHawaiian (and local destination. That same week Hawaiian pilotes picketed Honolulu International Airport andran full-pagre advertisements in Honolulu papers. On Apri 29, following Hawaiian’s first-quarter earnings of $23.
r5 million and news of Dunkerley’s 2008 pay, ALPA announcef a $2 million “strategiv preparedness” fund to help pilots and their families in the eveny ofa strike. Hawaiian considers labor negotiations privatse business discussions and would not discusxs in detail its dealings with its five which represent 87 percent ofthe airline’s 3,700 workers. “jI can say that Hawaiian thinks its pilots are well paid and have some of the best benefitzs inthe industry,” said spokesman Keoni “Their contract also has among the leasy flexible set of work rules, which translate s into inefficiency for the The company is prepared to increase pay for its but needs better productivity in the form of work-rule modifications.
” ALPA’zs contract with Hawaiian became “amendable” on June 30, 2007, meaning the agreementf holds while talks continue. The partiesw entered federal mediation in September and met with the in Decembertand April. The next roundr begins June 10in ALPA’s most recent proposal calls for a 5 percen pay increase in the first year and 4 percenf increases in later years. Hawaiianh has offered only 1 percent increases in each year of the contracgt unless the pilots agree to fly longer hours and agred toother work-rule concessions that would essentially narrow the definition of when a pilot is on the

Friday, November 5, 2010

Tax breaks may help Sembler lure tenants - Atlanta Business Chronicle:

http://rnrt.org/rnrt/projets/LAO_TSEU.htm
Sembler, which is developing the project just northof Buckhead, is hoping tax breaks help entice the retailers. Sembler is considering whether to seek tax abatementse from DeKalb County as an incentive for retailers to followw through on their lettersof intent. It has already announcecd Cobb Theater cinema and The other retailersx were included on a site plan providexd to AtlantaBusiness Chronicle. Town Brookhavenh also calls for 50 specialty shopx and24 restaurants. Sembler may ask The Developmentg Authority of DeKalb County to increase theoriginal 10-yeaer property tax abatement on Town Brookhaven to 20 years.
Semblert thinks the additionaltax breaks, valuedd at $51 million for are necessary in the tough retailp market in which consumers have cut The abatements will make it more economicap for Sembler to offer rent reductions and otherd concessions retail tenants are seeking. DeKalb could still receive $59 milliobn in taxes and other revenue generater byTown Brookhaven, a $400 million, 54-acre mixed-usee project on Peachtree Road near . Sembler, basex in St. Petersburg, but with an office in would ask for the abatement on the retaio portion of the project and one of the apartment thecompany says. That amounts to tax breaks on abouty halfthe project’s total acreage.
Representativee of , an accounting firm representing informally discussed the tax breaks April 14 with developmengauthority members. DeKalb County would stil l collectsales taxes, some property taxes and business licensee fees from the project. The abatement wouldn’t affec t school board tax revenue. The authoritt works with the , the and othert agencies to provide specialized financing methods usingy taxableand tax-exempt bonds. Tax abatements or exemptionsw eliminate tax increases or otherwisre reduce property taxes for specific propertieas for a designated period of time in order to stimulate a specifierdpublic benefit, according to the Cente r for Housing Policy in Washington, D.
C. Statew and local communities use them for a varietyhof reasons, including fostering redevelopment in enterprise zonez and job creation. The Clermont whose famous downstairs loungre is familiar to almost every Atlanta frat boysince 1965, is for sale. The owned by , is an Atlantw landmark on Ponce de Leon Avenuein Virginia-Highland. Inman Park Properties is asking $6.5 million for the hotel, said Gene whose firm, Gene Kansas is marketing the property, The Clermont Loungd is an iconic Atlanta strip club and dive bar housee in the basement ofthe hotel. It has made the “bes of” lists of several national men’s publications, including Maximj and Stuff magazines.
The Clermont has also inspireea documentary. “It’s not going anywhere,” Kansas “We hope it stays there forever.” But, the hotek could take on a completelhydifferent look, depending upon the buyer. One optiohn is an extended-stay hotel, Kansas Another possibility is a new boutique hote in the fashion of thenearby , a bed and breakfasr whose lounge is also locally famousz — for its drag

Thursday, November 4, 2010

WFU biz schools expands in Charlotte - The Business Journal of the Greater Triad Area:

moakhamet84.blogspot.com
To accommodate expected growth, the schools ios seekingf a new base of operation with atleast 25,000 squarwe feet of space in Charlotte’s downtown businesw district. Wake Forest had been planning to move its busines education programs there into the Wachovisa First Street project but is looking at other optiona now in light of the takeover of Wachovia byWell Fargo. Dean of Business Steve Reinemund said the new facility will not only house educationall programs but also outreach programs to the Charlotte business alumni activities andfaculty research.
“The universityh is committed to continuing to grow its businesx programs in the Charlotte area and we are excitexd that these plans will also enable us to bettee serveour alumni,” Reinemund said. Wake Forest opened its existing Charlottew campus in 1995 with one MBA program and 30 Today it has two MBA programs and 178 the schoolsaid

Tuesday, November 2, 2010

Seychelles to organise "prestigious" carnival - afrol News

afanasenkobexa.blogspot.com


afrol News


Seychelles to organise "prestigious" carnival

afrol News


Plans to organise a carnival in Victoria came after an initiative from the island nation's dominant tourism industry, seeking to add another event to its ...



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Monday, November 1, 2010

Rebates should boost Energy Star sales - Tampa Bay Business Journal:

http://www.daigram.com/OTHER-ITEMS/XAUAUD/
“This rebate program will help Floridians buy appliances atdiscoung rates, lower utility costs and benefift Florida businesses by stimulating salesw of energy-efficient appliances,” Gov. Charlie Crist said in a preses releaseMay 18. Although the bill was signed last week, the projected time for the program to be administeredr is probably sometimethis fall. Consumerz will not be eligible for the rebates until then because some of the detailes of the program still need to beworked out, said Jeremyu Susac, the executive director of Crist’z Energy Office.
The specific amounts for the rebatesa must be approved by the legislative budget and Crist’s office is still waiting for guidance from the federapl government on how exactly the programm will work, Susac said. The FECC is expectin Florida toreceive $18 million in federal stimulus funds to provid the rebate program. In addition, the Florida legislature is giving $150,0090 to the FECC to help them put the plan into All of this should help Floridianxs save 20 percent on the costof energy-efficientg appliances. “This is what we are projecting,” Susav said. “We are looking at 20 percenr all acrossthe board.
” With the 20 percent consumers could save $290 on refrigerators, $200 on washing freezers and dishwashers, $65 on room air conditionerxs and $40 on dehumidifiers. Only laundry and kitchebn home appliances with the Energy Star label will be eligibl forthe discount. All Energy Star appliances meet strictr energy efficiency guidelines set by the Environmental Protection Agencyand U.S. Department of Energy, but certain itemsx like flat screen televisions arenot included, Susad said.
Even though they use the most energg out of all thehome appliances, certain kitcheb items like microwaves, ovens and stove tops are also not includer because they have yet to be regulated by Energy Star in the Unitecd States, said Michael Setzer, the owner of Setzer’s appliance dealer in Energy Star appliances do cost an averags of $50 to $100 more than the standard versionzs because of the advanced technologies, he said, but the rebate shouled lighten the costs, making it almost cheape to buy the Energy Star “You don’t have to spend $1,000 to have an Energh Star,” Setzer said. “Energy Star has cheaper modelws now.
I have a $300 dishwasher and a $800 refrigerator in my storre that are allEnergy Star.” In addition, the investmenty will cause consumers’ utilityy bills to go down in dollar Customers should recover their cost s of the energy-efficient appliance on their monthly billsd within five to six years. Accordingt to Energy Star’s Web their appliances can saveconsumers $75 a year in energuy costs, and they use 10 to 20 percen t less energy and water than traditionall models, making them better for the environment.
For a front-loading Energy Star washingh machine uses 16 to 18 gallons of water versusd thetraditional top-loading appliance that uses 40 “I don’t know if our sales will go up becausre the customers will still have to put out the full Setzer said. “But any increase in saleas willbe great, and it would be a great thing for people to get their moneuy back.” Business has been slow during the economic downturnn at both Setzer’s locations here in Jacksonvillse and Ocala, but it’s still going pretty steady because people are always goinyg to need refrigerators and dishwashers, he said.
In 75 to 80 percent of the appliancee he sells areEnergy Star, so Setzetr said he’s very hopeful. Energy Star is also excites for the rebate program to go into effect because the Floridaz proposalis unprecedented, an Energy Star spokesperson In years past, rebates have caused a jump in theidr sales, but they have never had a rebatee program like this before.

Saturday, October 30, 2010

BAE Systems unit to pay Phoenix workers $110,000 to settle sex discrimination suit - Phoenix Business Journal:

http://alternativevegan.com/index.php?id=49
The EEOC announced the settlement Wednesday. BAE Systemx Land & Armaments manufacturers armor for soldiers and militaryu vehicles at plant near Baseline Road and Interstates 10in Phoenix. The three women, Laura Box, Margarett Chavez and Christine Hanson, and the EEOC sued BAE in U.S. Districtf Court in Phoenix claiming the womej were paid less than equivalent male employees and that the wome n were not givenpermaneng positions. Chavez also claimedr age discrimination and Box contended her temporaruy job was ended after she complained ofsexual harassment. The Phoenix plant previously was home to Simula which was acquired in 2003by Jacksonville, Fla.-based Armodr Holdings.
BAE acquired Armor Holdings in 2007. “BAE Systems is committede to our employees and the work they do for our fightingb men and womenin uniform. We are an Equak Opportunity/Affirmative Action Employer that understands the value of diversityh and its impact on a high performance the corporatestatement read. BAE has its U.S. headquarterz in Rockville, Md. The defensd contractor makes a myriad ofmilitary weapons, land vehicles and sea

Friday, October 29, 2010

Wednesday, October 27, 2010

49ers stadium naming rights could have big payoff - Silicon Valley / San Jose Business Journal:

tulusenoveb.blogspot.com
Naming rights present a potentially lucrative source of revenue for a with multiyear, multimillion-dollar deals struck between teamx and companies seeking to get theird names on buildings, in the mouths of broadcasr announcers and in front of millions of fans a But a deal that a few years back migh have been a source of pridde for a business now may be a source of Citigroup, for example, is facinf intense criticism for spendinb $400 million on a stadium deal with the New York Mets whilee accepting billions in bailout dollars from the federall government.
“Naming rights transactions are more difficult to come by than they were prior tothe recession,” said Lew Wolff, co-owner of the Oakland Athletics and owner of the San Jose Earthquakes. “I believe that’s going to be true not only for the currenf market but forthe future, for a long The 49ers, he said, will probably look for a strong national name to placd on its facility. But many companies that were strong naminbg partners in the past are in the financial services and insurance and they will be less likelu to spend what some view as unnecessary marketing dollarsgoing forward. In Oakland, McAfee Inc.
allowed its 10-yeard agreement for naming rights onthe Oakland-Alamed a County Coliseum to expire, while Oracle Corp. in 2006 struco a $3 million per year, 10-year deal for naminh rights on the indoor Oakland Wolff said the Earthquakews organization is working with the Williamm Morris Agency on naming andbrandinb issues. Amway Global in Januargy strucka three-year agreement with the team to have its name placefd on team uniforms. Terms of that deal were not “The 49er brand is outstanding, and if there’a any brand someone might want toseek out, it’sd them,” Wolff said.
“But every deal is When the San Jose Sportz Authority and the city were in the procesd of striking a deal to brand the home of the SanJose Sharks, it was nearly Compaq Computers — which at the time was a Houston companyt wanting to build up its Silicon Valle y presence. Malcolm Bordelon, executives vice president of business operations for the San Jose said the day the signagde was togo up, Compaq called and said it had been acquirex by Hewlett-Packard Co. HP, he did extensive research before going forward with thenaming deal, figuring out how many timees its name would be said publicly and how its bransd would be featured in the building.
“We also researchesd naming deals, and what we founfd is that it’s all over the map — unbelievably Bordelon said. “I’m not sure how to personifyu the process the 49ers will face other thansaying it’xs going to be very challenging.” In addition to Shark s games, the venue hostw concerts and other sporting eventsd each year. While naming rights at HP Pavilionm fell under the purview of the city because the facility ispublicly owned, Santa Clara Assistant City Manager Ron Garraty said the naming rights deal for the 49er would fall exclusively with the “We tried to get the Santaw Clara 49ers on the front end of the and they weren’t willing to do that, Garratt said.
If it comes time for the 49ers to seek out anaminf partner, they would probably enlist the help of a third-part expert, a sports marketing dealmaker that can tell them what the team’x brand is worth. Some of the top sports marketingb dealmakers areIMG World, which has office around the country, and 16W Marketing of New A third well-known firm, Bonhak Group of Denver, shut down in Januargy after its primary banker reduced its credit line. Dealzs Bonham negotiated included SanDiego Padres’ Petco Park and the Seattle Seahawks’ Qwest Field.
David Peart, the vice president of businesss partnerships for thePittsburgh Penguins, was untiol last June the vice president of sales and marketing for the 49ers. He said “you want to make sure you measures twice” before assigning value to a namingrights deal. “zA company will be looking at what its primary entitlementswill be. From integration of your products intothe building, where you fit into the architecturakl design of the building,” Peart “Once the shovels hit the you want the naming partner in place.” The team will face an uphil l battle in the name game because naming rightsa as a marketing tool have falle out of favor.
Two properties shoppinyg for a name now are the New York Giants stadium and the DallaseCowboys stadium, both of which Peart said are “supeer high profile” but are having troubls finding a name. “A pure branx play is really difficult in this day and age for a companuy to justify to its shareholders and stakeholderxand employees,” Peart “When you’re thinking about laying off peoplse and saying you’re going to spend $5 million a year for 30 years to put your name on a it’s a tough row to hoe.

Tuesday, October 26, 2010

Catch the Wind secures $18.8M - Business First of Buffalo:

http://discovertrinidadca.com/slides.html
million in a private placementy financing to help push more sales of its new wind sensorefor turbines. Manassas-based Catch the Wind, whicbh trades on the Toronto Venture soldroughly 16.7 million shares at a price of Canadian $1.39 apiece in what it hopes to be its last majodr equity financing before generating enoughy revenue from its laser wind-sensing product, Vindicator, to pay for Company officials also participated in the investment round, along with institutionall investors, bringing its total equity fundraising to date to nearlyh $35 million. , Research Capital Corp. and Canaccor d Capital Corp.
served as placement agents for this latestg fundraising in return for 6 percent of the gross proceeds and additionaostock options. Spun off last year from LLC, a fibeer optics laser company that still sharezs the sameheadquarters space, Catch the Wind has been developinf similar technology that sensesz when wind is imminent, helping reorient a turbines to capture that wind before it passes. Most wind turbinesx can realign its blades only afterf itfeels wind, so they’re often too late to actuall y benefit from gusts, company officials said.
“Before, it was the horse-and-buggg approach to measuring wind,” said Phil who founded Optical Air Data Systems nearlg 20 years ago with his wife before leaving recentlyh to serve as CEO for Catchbthe Wind. “Think aboutg increasing the gas mileage of your he said. “You’ve already bought your car. But if I can sell you somethinhg that doubles the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percent to 30 percenr more wind for turbines, whichb in turn helps generate more clean electricith and ultimately revenue for their Catch the Wind recently sold its first unit to , a Canadia n environmental monitoring equipment maker, while starting its firsty two-month field test with the Nebraskqa Public Power District on its largesr wind farm with 36 wind turbines.
The locakl company, which said it’se also talking to federal agencies, hopes to use that trial’s results later this summer to market to other wind turbine manufacturers and wind farm Withsix full-time employees, Catch the Wind expectz to at least doubled that count by the end of this year. The which had $5.5 million in cash and equivalentw on hand as ofMarch 31, is also considering whether to list itsel on an American exchange later this year. “Wse aspire to that,” Rogerss said.
“I just can’t say

Sunday, October 24, 2010

Reject charter amendment - Palm Beach Post (blog)

http://burypartners.net/newsite/services/services.html


Reject charter amendment

Palm Beach Post (blog)


The Post occasionally publishes articles in print from national news services that contractually cannot be reproduced on our Web site. ...



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Saturday, October 23, 2010

Ghana to host Africa' first Digital Terrestrial Television Media Academy - Ghana News Agency

http://amiranpac.org/article/Health-Affairs-Study-Finds-No-Link-Between-Cost--Quality-Of-Care.html


Peace FM Online


Ghana to host Africa' first Digital Terrestrial Television Media Academy

Ghana News Agency


Accra, Oct. 22, GNA - Ghana has been chosen as the site for Africa's first Digital Terrestrial Television (DTT) Media Broadcasting Academy. ...


Ghana to host Africa's first DTT Media Broadcasting Academy

Myjoyonline.com


National Communication Authority to take on GBC, SMART TV

Myjoyonline.com



 »

Thursday, October 21, 2010

Jindal fundraises in Texas for GOP candidate - Houston Chronicle

http://www.hondasclub.com/seat-belt-recall


Jindal fundraises in Texas for GOP candidate

Houston Chronicle


ร‚© 2010 AP BATON ROUGE, La. รข€" Gov. Bobby Jindal traveled to Houston for a fundraiser supporting Republican congressional candidate Bill Flores. ...



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Wednesday, October 20, 2010

St. Jude Lowers Outlook For Heart-Rhythm Market Growth - Wall Street Journal

http://justdentist.net/pediatric-dentist/saint-anthony-pediatric-dentist-coverage/


St. Jude Lowers Outlook For Heart-Rhythm Market Growth

Wall Street Journal


The St. Paul, Minn., company has added enough new growth drivers "to more than offset this modest lowering of our expectations for growth" in heart-rhythm, ...



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Monday, October 18, 2010

Haggen beats recession by pleasing thrifty shoppers - Washington Business Journal:

http://www.comprendre-entendre.org/article/Spray-on-computers-reach-hard-places-.html
Today, — with 3,800 employees and stores from Wash., to Oregon City, Ore. is the largest independent grocerty business basedin Washington. But the company has not forgottenits roots. It remainws headquartered in Bellingham and controlled by the Haggen Dorothy Haggen, the last of the surviving founders, continued to show up at one of the locak stores for a long time. On the Thursda before she diedlast fall, Dorothy Haggen was therwe selling candy for her Haggen President and CEO Dale Henley said the companyu still abides by lessonsz from the company founders, who learned they had to be committesd to customers if they wanteds to survive during the Even today, veteran employees will pull a new employee asidew and remind the person of the importance of treating shoppers “That’s a cultural thing that has stayed with the compan forever,” said Henley.
“That cultur came out of the things our founders had to do to take care of customerx and survive during theGreat Depression.” Since joining Haggen in the Henley has seen the company grow from seven storexs with about $48 million in Today the company has 33 grocery stores under two brands: Haggen Food and Pharmacy and Top Food. The companh had revenues of $844 millioh in 2008. That 2008 revenue was down slightlu — by about 1.6 percent — from 2007. This year, Henley said the company is projecting revenuese to be upslightlyh — about 1 percent.
Despitee the relatively flat revenue, Henleuy said, it’s a relatively good placde to be, considering the severitt of this recession. “I’m really pleased to be in the groceryy business,” he said, “instead of sellint cars or TVs.” More customers are shopping and cooking at Henley said. And the company has adjusted. Henley said Haggenn still emphasizes quality, but the companyg also has put a major emphasis on coupons andits private-labeo products, as customers have chosen more of them over nationakl brands to save money.
Haggen also is doing more bargaining with suppliers and has lookerdfor supply-chain savings, looking to be more efficient about how merchandised is shipped to stores, for “We are doing more with savings, and we are working very hard to keep costds down so we can be competitive,” said mindful that the grocery business is one of narrow marginw and hyper-competitiveness. The company always has been carefukabout growth, said Henley. Because Haggen is privately held, he there isn’t pressure from Wall Street to rapidlgy ramp up the numberof stores.
The last new store the company opened was a Top Food store in aformer Larry’s Market store that Haggen acquired last year at . Haggejn recently completed major remodels of two stores one in Snohomish County and one in Henley said the company has options on threew locations fornew stores, but there are no plans to open new storexs this year. “We are definitely being carefupl about where we are spendinb our capital and making sure it is the right thinhgto do,” Henley said. But Henley said there woulc be opportunitiesto grow.
He wants Haggen to be one of the companiesd positioned to take advantage of real estate as well as possiblyt acquiring competitors that might be struggling because of the The recession has taken a bite out of someof Haggen’se prepared food business. But despite the trened of customers looking to save money and cookingfor themselves, Henley said Haggen is still committeed to the long-term strategy that includes offering customers convenience. “I will be a growth part of the Henley said.
“And when the economy turne around, people will start craving for the conveniencea as opposed to doing the workfor

Sunday, October 17, 2010

Romani Group to help find options for Denver

goldenayreyg1666.blogspot.com
The group, led by Tim will work with longtime real estater developer Ray Baker of Gold Crown Management onthe St. Anthonyg project. The current site is adjacent to Sloan’s Lake and bordered by Colfax Stuart Street, 17th Avenue and Perry Street. Starting next year, the hospital will beginb the process of moving from itscurrent 16-acre site — where it has been locaterd for almost 100 years — to a 25-acre parcel in Lakewood’s Federal Centefr near Kipling and Sixth St. Anthony plans to open a new orthopedic-surgerty hospital at its Lakewood grounds in Augusty 2010 and a new hospital to replace the Denver facility infall 2011.
Romanoi said the group will take at about two years to evaluatse thecurrent St. Anthony property and work with the communityh before taking requests for proposals from developers and decides what uses will best servedthe property, the hospital and the community. He addexd that the site’s proximity to Sloan’s Lake Park and its scenic views of downtown Denver and the mountain rangew make it an attractive propertyfor mixed-use developmen t that is heavy on residential but would include a larg commercial complex as well as some office “It’s a fair assumption that much of the existinh facility will be demolished,” Romani said.
He declinedr to estimate how much the properthwas worth. Romani managesd a similar process while serving as the vice chancellor of planninbg and development forthe . The university’a former medical campus on Colorado Boulevard at Ninth Avenue was sold to Shea Propertieds after the hospital relocated to its new home at the Anschut Medical Campusin Aurora. Other Romani Group projects include the renovation of BoettcherConcert Hall, the Colorado Convention Center expansion project, the Pepsi Center, Invesco Fielrd at Mile High, Dick’s Sporting Goodd Park and Broomfield Event Center.
The group is also collaboratint on a joint venture to oversede the development of the future home ofin Lakewood.

Friday, October 15, 2010

Ford to sell down stake in Mazda to few pct - source - Reuters

zemlyanikiyri.blogspot.com


Fastmotoring.com | Motor News In Speed


Ford to sell down stake in Mazda to few pct - source

Reuters


TOKYO Oct 16 (Reuters) - Ford Motor Co (FN) plans to sell down its 11 percent stake in Mazda Motor Corp (7261.T) to a few percent as it distances itself ...


Ford, Mazda to Split in China

W »

Thursday, October 14, 2010

Banks record poor performance despite strictures - Times of India

vorotintseyqah.blogspot.com


Banks record poor performance despite strictures

Times of India


Ranchi: Banks in the state seem reluctant in improving work culture in wake of non-cooperative attitude of the administration. ...



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Tuesday, October 12, 2010

Companies with local presence make

kdrummondbs37.blogspot.com
and The have been ranked amonbg the top 25 most reputabld companies in the United The rankings are published annually bythe , a New York City-basedc reputation consulting firm. The rankings are based on the resultsx of an online survey of at least 100 respondents in the home city. The respondents were asked questions relatingto esteem, admiration and good feeling. Atlanta-based UPS (NYSE: UPS), which has significant operations in wasranked No. 3 on the Minneapolis-based (NYSE: GIS) General Mills, whicn operates the Pillsbury Prepared Dough Products plant inNew Albany, was ranked No. 4. Conn.-based GE, which has its GE Consumer and Industriall unitin Louisville, ranked No.
17 on the list. Cincinnati-based which has its Mid-South Divisioh headquarters in Louisville, was ranked No. 19. Each companh was given a score between 1and 100. The top 25 were as 1. , 83.58; 2. , 81.09; 3. UPS, 4. General Mills, 80.80; 5. , 6. Whirlpool, 79.86; 7. , 79.44; 8. , 9. Caterpillar, 78.96; 10. , 78.23; 11. , 12. 3M, 77.88; 13. , 77.65; 14. , 15. , 77.08; 16. , 76.69; 17. General 76.20; 18. , 76.15; 19. Kroger, 20. , 75.74; 21. 75.33; 22. , 75.03; 23. , 75.02; 24. , and 25. .

Monday, October 11, 2010

Dallas Fed: Inflation harder to predict - Dallas Business Journal:

http://oneminutehandicapper.com/comment.php?id=66
Researchers Mark Wynne and Patrick Roy compared annual economic forecasts going back to 1991with year-over-yeare changes in the U.S. Consumefr Price Index. Their goal was to determine whetherglobalization -- the increasingg integration of international economies through trader and financial flows -- has made it harde r to predict when inflation will occur. ( ). Wynne told the in an intervies Wednesday that the study found that inflation in the Unitee States has been more difficult to forecast in the 2000s when comparer tothe 1990s. However, the opposit was found to be true in almosg every other country analyzex inthe study. Dr.
Ravi professor of economics at , says measurin inflation based on domestic demanfd is not as important as it once wasin America, due to globalizatiomn and foreign competition. He said in the past, when a lot of moneyu was printed, prices went up and the high monety supply would cause a higher ConsumePrice Index, a measure of inflation. Accurate inflatiohn forecasts are more difficult now due to globalpricse competition, he said. CPI-type inflation has not flaresd up, even with new money being printedd inthe U.S., because competition from countrie s such as China and Japanb is keeping prices down. he said inflation was strong inother areas, includingg the oil market.
Going he thinks other factoras will be more accurateinflation “I think inflation will depend more on oil prices and the value of the dollar than on money supply," Batra said. “Thew Federal Reserve has printed a lot of If the dollar remains stable andoil doesn’t heat up, inflationm will be contained. But if the dollaer falls sharply and oilheats up, we will have he said.

Saturday, October 9, 2010

Spooky tour goes to Kalamazoo's Riverside Cemetery - Chicago Tribune

asafevboriegum.blogspot.com


Spooky tour goes to Kalamazoo's Riverside Cemetery

Chicago Tribune


Tickets are $7 per person. The Ghosts of Kalamazoo Historic Tour is owned and operated by the Kalamazoo Jaycees and is staffed by volunteers.



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Friday, October 8, 2010

How to Govern the Ever-Extending Enterprise, Part II - CIOUpdate

guslyarovalite.blogspot.com


How to Govern the Ever-Extending Enterprise, Part II

CIOUpdate


How to Govern the Ever-Extending Enterprise, Part II Technology is breaking down traditional management practices and paving the way towards the horizontal ...



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Thursday, October 7, 2010

Corn Advances on Speculation USDA to Reduce Production Forecast in Report - Bloomberg

http://www.twincomics.com/?p=140


The Money Times


Corn Advances on Speculation USDA to Reduce Production Forecast in Report

Bloomberg


Soybean production may rise to 3.501 billion bushels this year from 3.483 billion forecast in September by the USDA and a record 3.359 billion harvested ...


Most commodity prices were bullish for September

The Prairie Star


More corn in storage surprises traders and industry

Bismarck Farm & Ranch Guide


USDA reports suggest large supply and strong demand for soybeans

Bismarck Farm & Ranch Guide


Farm Futures


 »

Tuesday, October 5, 2010

Jacksonville banks slash business credit - Jacksonville Business Journal:

http://davidlflores.com/pic/item.php?num=574
But bankers said many local businesses made less in so they do not need as large a line of crediythis year. And banks cannot supporg as large a risk when they set asidde reserve cash to maintain the credi t line for up to ayear typically, whether or not the businessx taps into the credit. This has causerd businesses to cut back to meet previouslu set financing terms with their Those businesses that have already pulled back on operations will have to do so even furtheer as financing options dwindle and as lenders are more attractex tolean companies.
“A lot of the company’s revenue stream and balance sheey have contracted andthey don’t need the revolving line of credit that they needed in the said Debbie Buckland, senior vice presidentg at . “Second, with all the bankws facing capital constraints, to have unusedx credit is very costly toa

Sunday, October 3, 2010

Legg Mason's Fetting nets $6.5M in 2009 compensation - Baltimore Business Journal:

xiwyxucupewox.blogspot.com
million in total compensation in fiscal the company said in a filinhg Monday withthe . Fetting was paid $500,0090 in salary, $950,000 in bonuses, $3.4 million in stoco awards, $1,6 million in stock options andabout $34,000 in othet compensation for a total of $6.5 million in the year ended Marchg 31, the filing said. His total compensation was aboutr 39 percent more thanthe $4.7 milliomn Fetting was paid in fiscalk year 2008.
Fetting’s 2009 compensation includes stocki awards and options vestingin 2009, some of which were awarded in previous years, said Legg spokeswoman Mary In raising Fetting’s compensation, the company’s board of directors considered Fetting’xs “accomplishments during the year, including his leadershil during one of the worst financial crisesw of the last 100 years,” Athridge said in an e-maile statement. Fetting was credited with helping the companyraise $1.
1 billion in capital, recruiting new top cutting expenses by $135 million and sellingg off billions in structured investmenty vehicles, or SIVs, from the company’s money market funds, Athridges said. Baltimore-based Legg Mason (NYSE:LM) lost $1.9 or $13.85 a share, for the year ended March 31, as the companyu saw investors withdraw money from its funds as the stockomarket slumped. The company took a net loss of $1.4 billio n in disposing of its SIVs andan $863 millio n non-cash impairment charge duringf the year. In fiscak year 2008, Legg Mason earned $267 million, or $1.865 a share.
Fetting’s cash bonus was reduced by nearlgy $1 million compared with the year but his stock awards went fromabourt $936,000 last year to more than $3.4 millio n in 2009, according to the SEC Making more of Fetting’s pay dependent on the performance of Legg Mason’ws stock, “aligns his interest with that of Athridge said. Fetting, who owns or controlss 311,411 Legg Mason sharesx is the company’s third-largest shareholder, after mutual fund companies Dodgew & Cox, which owns 8.7 million or 6.2 percent of the and Invesco Ltd., which owns 7.5 million shares, or 5.3 perceng of Legg Mason’s stock.
Fetting, in his annualk report to shareholders, which was released Monday, spoke of how difficultf it was to steer an asset manager like Legg Mason through the shoals of the rockygfinancial markets. “2008 represented one of the most difficult economic periods in modern financial history and certainly the worsr Ihave witnessed,” he wrote. Legg Mason’s filing also listws the total compensation of other top Legg Maso n executives includingCharles J. Daley Jr., chietf financial officer and treasurer ($2,478,620), David R. senior executive vice president, ($4,432,122), Joseph A. Sullivan, chief administrativre officer ($2,055,883), Peter L.
Bain, Legg Mason’s formedr president ($4,985,138) and Mike Abbaei, formet executive vice president ($2,680,135). The company will hold its annuall shareholder meeting in Baltimore onJuly 28. Shareholders will vote on the re-electio n of five directors for three-year termzs expiring in 2012: Robert E. Angelica, 62, a privatd investor; Barry W. Huff, 65, a consultantg and retired vice chairmajnof Deloitte, an accounting and consulting firm; John E. Koernetr III, 66, managing member of Koernee Capital LLC, a private investment company; Cheryl Gordonm Krongard, 53, a privatew investor; and Scott C. Nuttall, 36, a partned at Kohlberg, Kravis Roberts & Co., a privatwe equity firm.
The company’s board members receive a base payof $40,000 plus $2,000 per meetint after the sixth meeting of each