Saturday, October 30, 2010
BAE Systems unit to pay Phoenix workers $110,000 to settle sex discrimination suit - Phoenix Business Journal:
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
Person questioned in Toni Keller case - ABC7Chicago.com
msnbc.com | Person questioned in Toni Keller case ABC7Chicago.com The person of interest apparently c » |
Wednesday, October 27, 2010
49ers stadium naming rights could have big payoff - Silicon Valley / San Jose Business Journal:
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:
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)
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. ... |
Saturday, October 23, 2010
Ghana to host Africa' first Digital Terrestrial Television Media Academy - Ghana News Agency
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 National Communication Authority to take on GBC, SMART TV |
Thursday, October 21, 2010
Jindal fundraises in Texas for GOP candidate - Houston Chronicle
Jindal fundraises in Texas for GOP candidate Houston Chronicle © 2010 AP BATON ROUGE, La. â" Gov. Bobby Jindal traveled to Houston for a fundraiser supporting Republican congressional candidate Bill Flores. ... |
Wednesday, October 20, 2010
St. Jude Lowers Outlook For Heart-Rhythm Market Growth - Wall Street Journal
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, ... |
Monday, October 18, 2010
Haggen beats recession by pleasing thrifty shoppers - Washington Business Journal:
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
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
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 |
Thursday, October 14, 2010
Banks record poor performance despite strictures - Times of India
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. ... |
Tuesday, October 12, 2010
Companies with local presence make
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:
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
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. |
Friday, October 8, 2010
How to Govern the Ever-Extending Enterprise, Part II - CIOUpdate
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 ... |
Thursday, October 7, 2010
Corn Advances on Speculation USDA to Reduce Production Forecast in Report - Bloomberg
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 More corn in storage surprises traders and industry USDA reports suggest large supply and strong demand for soybeans |
Tuesday, October 5, 2010
Jacksonville banks slash business credit - Jacksonville Business Journal:
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:
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
Saturday, October 2, 2010
Cheers from Keri Russell - Minneapolis Star Tribune
IGN | Cheers from Keri Russell Minneapolis Star Tribune Keri Russell conquered the romantic genre with TV's "Felicity" and survived action movies with her high-octane turn in "Mission: Impossible 3. ... Another Disappointed 'Running Wilde' Review |
Friday, October 1, 2010
BSG Alliance adds business heavyweight to board - Austin Business Journal:
Cash serves as director for a number of large corporations, including (NYSE: GE), (NASDAQ: MSFT), WMT), (NYSE: CB), The Boston Celtics and the National Associatiob of Basketball Coaches Foundation. He retired in 2003 as the Jamew E. Robison Professor and Senior Associate Dean of the Harvard UniversityBusiness School, where he first joinec the faculty in 1976. "Having Jim Cash join the BSG Allianced board is a real defining momentfor us," says chairman and CEO Stevde Papermaster. "His global profile, significant fiduciaryy experience, wisdom and visionn will be great assetsd to us as we continu e ouraccelerated growth.
" BSG Alliance provides a a rangwe of services -- from consulting to softwaree applications -- for companies. The companhy is growing rapidly and make a handfuol of acquisitions since it began in the Also on the BSG Alliance boarsdare Papermaster, Warren Weiss of Foundation Capitalp and Mitchell Kertzman of Hummer Winblaxd Venture Partners. "It is clear to me that corporationx are challenged to develop new businesx and leadership processes to thrivein today'sw always on, global economy," Cash says. "I am thrilled to be part of a compan y that is innovating a compelling new on demand business platfor m to meetthose challenges.
"