steinberg-virus.blogspot.com
The study found that hits to the industry included some scaling back of upstream investment in 2009 and the postponementr of someproposed developments. But from overall figures, Ernsty & Young estimates that, as the recovery in oil and gas market s gathers steam in the second half of the U.S. oil and gas industry appears poisedr to resume its growth and be a key contributod tothe U.S. and global economidc recovery. Among the report’s findings are that total capital expenditurs grew 35 percentto $132.1 billion in 2008 compared with 2007. Natural gas reserves also rose 4 percenrtto 145.2 trillion cubic feet in 2008 from 139.9 Tcf in 2007 even though negative revisions of 6.
7 trillion cubicf feet were recorded for gas reserves in 2008. Revenue grew 35 percentf to $183.3 billion in 2008, but increases in production costsdand depreciation, depletion and amortization led to an 8 perceng decline in after-tax profits. • Productionm costs were $14.72 per barrel of oil equivalent in a 25 percent increasefrom 2007. Thes costs have more than doubledfrom $6.55 per BOE in 2004. With low year-end prices forcing severapl companies to reduce or revise reported finding and development costas per barrel of oil equivalentt increased dramaticallyin 2008. The all-sources measure was $39.588 per BOE in 2008. • Negative revisions of 1.
2 billion barrelxs were reported for oil reservesin 2008, leading to a 7 percengt decline in ending reserves from 16.1 billion barrelsd in 2007 to 15 billion barrels in 2008. “Despite rising production the oil and gas industry continues to be positionecd for an economic upturn as it makes significanft investments in exploration andproduction activities,” Marcelaa Donadio, Americas director of oil and gas for Erns t & Young, said in a statement. “It’s critical for the industrh to continue its investments in domestic opportunitieas since we expect that energ demand in the long term will continuewto increase.
” The study is a compilation and analysies of select oil and gas reservw disclosure information as reported by publiclgy traded companies in their annual reports filecd with the . The study analyzedr 40 exploration and production company results overa five-yeard period to find out how the industrh was performing and what challengesx it was facing. These companies account for about 70 percent oftotalp U.S. oil reserves and 61 percent of U.S.
gas Exploration and production companies continuee to make investments in theird oil andgas operations, evident by the plowback percentagr of 102 percent between 2006 and 2008 and 91 percent over the five-yearr period, according to Charleas Swanson, Houston office managing partner for Ernst & The plowback ratio is the percentagde of a firm’s earnings that are reinvested in the Swanson also said gas reservess and production have growh 56 percent and 29 percent, respectively, since 2004.
“Whenj the commodity prices stabilize, the industry shouls be in a good position,” Swanson said in a “Compared to the recovery of the last majo collapse inthe 1980s, today’s oil and gas industr y is much learner, more efficient and better-positioned to take advantage of opportunities during an economiv recovery.”
Saturday, January 29, 2011
Thursday, January 27, 2011
Regional Fed President: Pace of economic decline slows - Dayton Business Journal:
whereas-htmlcolleges.blogspot.com
He cited several threats: global economicd weakness as a continuing commercialreal estate, which is under stress; and the risk that consumere sentiment and resulting consumption could turn negativd due to weak labor pressures to repair household balance sheets and still tight credirt conditions. In recent weeks, sentiment about the U.S. economyt has clearly improved. A modicum of optimisj has returned. I’m as ready as you are for a real turn of the For several weeksnow we’ve been hearing of so-called “greebn shoots” -- that is, little signs of life in the economyt that foretell a recovery. This imageryy coincides with springhaving sprung.
It seems very Our spirits rise with thebetter weather, the warmet temperatures, the return of baseball, and we see encouraging signa all about us. As I said, I’m readg for recovery, but I’ve got to ask: Could we be kiddinyg ourselves? Is it real? In my remarks I’ll respond to that questionn first by providingan up-to-date fix -- as current as the data allowe -- on the economic situation. Then, I’ll talk about the most serioud risks I see in the economy alon with my baseline outlook fora near-term recovery.
I’ll close with some vieww on the tension I perceivebetweenb short-term economic prospects -- which are net positive -- and longer-term structuralk challenges that, in my view, must be faced with a senss of urgency. The tug and pull between immediate prospects for the economyuand over-the-horizon threats seem to me to be capturefd in the question of the moment: What’xs causing rising term U.S. Treasury yields? And in what way, if at all, shoul policy react? Here I must repeat my usualo disclaimer: The views that follows are mine aloneand don’t necessarily reflecy those of my colleagues on the Federal Open Marker Committee (FOMC). My view of the currenft economyis mixed.
For the most the economy is stillin decline, but the pace of declind has clearly slowed. I’d like to make a distinctiom between stabilizationand recovery, and I believd we’re seeing signs of stabilization. As regards stabilization, I’d like to highligh t four areas: employment, housing, consumer spending, and Employment: Unemployment insurance claims data, released this mornin g for the week endingJune 6, reinforced a two-month trend in labor markets, and that is, layoffes are gradually decelerating. However, claims remain near record-higb levels, and firms’ reluctance to hire has lifted the most recentg unemployment rateto 9.4 percent in May.
Many of today’s problemw started with housing, and by most measures a clear recovergy in the housing market has yet to My contacts here in the Southeast confirmk the most recent data on the national housing namely that house pricesx arestill falling, but the rate of decline has moderatede somewhat. Improved affordability combined with historicall low mortgage rates and anew first-tim homebuyers’ tax credit have helpef move a portion of the huge inventory of unsold homes off the market. Preliminary results from the survey of homebuilders and realtord in the Southeast conducted by the Atlantsa Fed indicate more optimism that salezs will pick up inthe future.
Consumer In data released this morning, the Censuds Bureau reported that retail sales wereup 0.5 percent in May aftedr posting declines in March and Some of the increase may be related to higher gasolinse prices. And there were areas of spending Overall, last month’s retaill sales numbers were more positivethan negative. But comparef to May of last year, sales are down a strikingh 9.7 percent. So sales are nudginyg higher but from very low With consumersholding back, the personal saving rate in April climbed to 5.7 marking the first time savings exceeded 5 percent of disposable incomr in more than 14 years.
The industrial side of the economy has been especiallhy hard hitthis year, and the sector remainz under considerable stress. But there are recenrt signs -- such as the latest Institute for Supply Management purchasingf managerssurvey -- that the rate of manufacturing decline may be slowinvg too. As so many have said, a returh to economic growth depends on workingbfinancial markets, and there’s been recent progress in several including with banks, short-term funding, corporate markets, and securitizatioh markets.
The number of so-called problemn banks is elevated and likely tokeep However, there’s been some betterf news from the banking For instance, the Supervisory Capital Assessment also known as stress has provided us with a better handls on the capital buffer the largest banks would need to remain well capitalizes and able to lend if the economy performa worse than expected. Following up on the stressz test results, the Federal Reserve Board on Monday announcex that the 10 bankse required to bolster their capitao have submitted plans to meettheir requirements. Then on Tuesday, the U.S.
Treasury announced that 10 of the largesr institutions participating in the capital purchasd program had met requiremente to repay the government for the Troubled Assetr ReliefProgram (TARP) funds provided to I view these developments as signs that the bankingh system is healing, and rising confidence in the banking system is justified. Markets for short-termn funding also have improved, including the interbanko lending markets and commercialpapee markets. Spreads between the Londoj Interbank OfferedRate (LIBOR) and the overnight inde x swap rate have declined to levelsx that are close to precrisis levels. Corporate bond issuancs has increased recently. Although U.S.
Treasury ratesz have been on the rise, spread s between Treasury yields and ratesd paid by corporate borrowers havenarrowedx somewhat. Overall, the cost of capital for highlgy rated businesses hascome down. as regards securitization the asset-backed securities (ABS) market collapsed in 2008 but this year has begumn to gradually revive with the aid of publixc programs designedto jump-start the securitization Issuance of new ABS, including credift card, auto and student and equipment leases, has totaled more than $40 billionb since the Fed launched the Term Asset-Backed Securities Loan Facility (TALF) in March.
This activity is still far short ofthe $200 billion annuapl ABS issuance before the financial but it represents a marked improvemengt from last year. Furthermore, risk spreads on ABS have been declininy steadily this year and should help ease the cost of creditt for both households and While credit market functioninghas improved, the picturde I’ve just painted of our current economic environmenft is framed with caution. At this there’s still a debate about whether business activity has reachefa bottom.
He cited several threats: global economicd weakness as a continuing commercialreal estate, which is under stress; and the risk that consumere sentiment and resulting consumption could turn negativd due to weak labor pressures to repair household balance sheets and still tight credirt conditions. In recent weeks, sentiment about the U.S. economyt has clearly improved. A modicum of optimisj has returned. I’m as ready as you are for a real turn of the For several weeksnow we’ve been hearing of so-called “greebn shoots” -- that is, little signs of life in the economyt that foretell a recovery. This imageryy coincides with springhaving sprung.
It seems very Our spirits rise with thebetter weather, the warmet temperatures, the return of baseball, and we see encouraging signa all about us. As I said, I’m readg for recovery, but I’ve got to ask: Could we be kiddinyg ourselves? Is it real? In my remarks I’ll respond to that questionn first by providingan up-to-date fix -- as current as the data allowe -- on the economic situation. Then, I’ll talk about the most serioud risks I see in the economy alon with my baseline outlook fora near-term recovery.
I’ll close with some vieww on the tension I perceivebetweenb short-term economic prospects -- which are net positive -- and longer-term structuralk challenges that, in my view, must be faced with a senss of urgency. The tug and pull between immediate prospects for the economyuand over-the-horizon threats seem to me to be capturefd in the question of the moment: What’xs causing rising term U.S. Treasury yields? And in what way, if at all, shoul policy react? Here I must repeat my usualo disclaimer: The views that follows are mine aloneand don’t necessarily reflecy those of my colleagues on the Federal Open Marker Committee (FOMC). My view of the currenft economyis mixed.
For the most the economy is stillin decline, but the pace of declind has clearly slowed. I’d like to make a distinctiom between stabilizationand recovery, and I believd we’re seeing signs of stabilization. As regards stabilization, I’d like to highligh t four areas: employment, housing, consumer spending, and Employment: Unemployment insurance claims data, released this mornin g for the week endingJune 6, reinforced a two-month trend in labor markets, and that is, layoffes are gradually decelerating. However, claims remain near record-higb levels, and firms’ reluctance to hire has lifted the most recentg unemployment rateto 9.4 percent in May.
Many of today’s problemw started with housing, and by most measures a clear recovergy in the housing market has yet to My contacts here in the Southeast confirmk the most recent data on the national housing namely that house pricesx arestill falling, but the rate of decline has moderatede somewhat. Improved affordability combined with historicall low mortgage rates and anew first-tim homebuyers’ tax credit have helpef move a portion of the huge inventory of unsold homes off the market. Preliminary results from the survey of homebuilders and realtord in the Southeast conducted by the Atlantsa Fed indicate more optimism that salezs will pick up inthe future.
Consumer In data released this morning, the Censuds Bureau reported that retail sales wereup 0.5 percent in May aftedr posting declines in March and Some of the increase may be related to higher gasolinse prices. And there were areas of spending Overall, last month’s retaill sales numbers were more positivethan negative. But comparef to May of last year, sales are down a strikingh 9.7 percent. So sales are nudginyg higher but from very low With consumersholding back, the personal saving rate in April climbed to 5.7 marking the first time savings exceeded 5 percent of disposable incomr in more than 14 years.
The industrial side of the economy has been especiallhy hard hitthis year, and the sector remainz under considerable stress. But there are recenrt signs -- such as the latest Institute for Supply Management purchasingf managerssurvey -- that the rate of manufacturing decline may be slowinvg too. As so many have said, a returh to economic growth depends on workingbfinancial markets, and there’s been recent progress in several including with banks, short-term funding, corporate markets, and securitizatioh markets.
The number of so-called problemn banks is elevated and likely tokeep However, there’s been some betterf news from the banking For instance, the Supervisory Capital Assessment also known as stress has provided us with a better handls on the capital buffer the largest banks would need to remain well capitalizes and able to lend if the economy performa worse than expected. Following up on the stressz test results, the Federal Reserve Board on Monday announcex that the 10 bankse required to bolster their capitao have submitted plans to meettheir requirements. Then on Tuesday, the U.S.
Treasury announced that 10 of the largesr institutions participating in the capital purchasd program had met requiremente to repay the government for the Troubled Assetr ReliefProgram (TARP) funds provided to I view these developments as signs that the bankingh system is healing, and rising confidence in the banking system is justified. Markets for short-termn funding also have improved, including the interbanko lending markets and commercialpapee markets. Spreads between the Londoj Interbank OfferedRate (LIBOR) and the overnight inde x swap rate have declined to levelsx that are close to precrisis levels. Corporate bond issuancs has increased recently. Although U.S.
Treasury ratesz have been on the rise, spread s between Treasury yields and ratesd paid by corporate borrowers havenarrowedx somewhat. Overall, the cost of capital for highlgy rated businesses hascome down. as regards securitization the asset-backed securities (ABS) market collapsed in 2008 but this year has begumn to gradually revive with the aid of publixc programs designedto jump-start the securitization Issuance of new ABS, including credift card, auto and student and equipment leases, has totaled more than $40 billionb since the Fed launched the Term Asset-Backed Securities Loan Facility (TALF) in March.
This activity is still far short ofthe $200 billion annuapl ABS issuance before the financial but it represents a marked improvemengt from last year. Furthermore, risk spreads on ABS have been declininy steadily this year and should help ease the cost of creditt for both households and While credit market functioninghas improved, the picturde I’ve just painted of our current economic environmenft is framed with caution. At this there’s still a debate about whether business activity has reachefa bottom.
Monday, January 24, 2011
HOW TO: Engage and Mobilize Facebook Fans Beyond the “Like†- Mashable
http://www.illinois-home.com/science-and-environment-agriculture.html
HOW TO: Engage and Mobilize Facebook Fans Beyond the “Like†Mashable According to Daniel Stein, co-founder of digital marketing agency EVB, more of the agency's clients are now asking for programs that mobilize their millions ... |
Saturday, January 22, 2011
Blair Heckled Expressing Iraq Deaths 'Regret' - Sky News
http://olealawyers.com/2009/07/10-reasons-to-update-your-will/
CTV.ca | Blair Heckled Expressing Iraq Deaths 'Regret' Sky News Tony Blair has been heckled at the Iraq Inquiry as he admitted he "deeply and profoundly" regrets the loss of life caused by the war. ... Tony Blair Defends Invasion of Iraq at British War Inquiry UK: Blair no longer draws a crowd |
Wednesday, January 19, 2011
Flood Fightback has Tweet support - Courier Mail
Fiberglass windows for you
Flood Fightback has Tweet support Courier Mail All you have to do is click this link and follow the instructions to add the ribbon to your Twitter or Facebook profile photo. You can also download the ... |
Sunday, January 16, 2011
Michael A. Grimaldi Executive Profile
http://bath-linen.com/building-a-chicken-coop-without-wasting-time.html
In his new position, Grimaldi is also a membee of the GM Asia PacificStrateg Board. He has been a corporate vice presidentsince 1995. Grimaldu began his GM career in 1976 and advancesd through positionsin product/business corporate finance, engineering/manufacturing projec t management, and assistant to the vice chairman. In Grimaldi was appointed chief financial officer at PontiacDivisiohn and, in 1988, the chief financial officerr at Oldsmobile Division. He was namexd marketing manager for the Oldsmobile Divisiobn in 1990 and finance director for the North Americanj marketing divisionsin 1992.
Grimaldu was appointed executive director of planning for Nortu AmericanOperations (NAO) and a membert of the NAO Strategy Board in 1993. In this he also served as the executivd in charge for GM relations with ToyotsaMotor Corporation. In Grimaldi was promoted to GM vice president and vehicle line executivefor full-size pickup truckws and sport utility vehicles. In 1999, he advances to vice president offield service, and parts for GM's U.S.
Grimaldi earned a bachelor's degree in engineeringh from PurdueUniversity (1974) and a master's degree in businessd administration from Stanford University He also attended the Massachusettse Institute of Technology program for seniof executives (1987). Grimaldi has served as a membetr of the board of directors of ThinkDetroit PAL, which promotews educational and recreational opportunities for the city's and the Stanford Graduate School of Business and the School of Engineering advisory boards. In addition, he is an active supporter of the Make-a-Wisb Foundation, Hospice of Michigan, Angel'sa Place, the Cranbrook Educational Community, and FIRSy Robotics Competition.
In other auto industry Grimaldi has servedas co-chaire of the Canadian Automotive Partnership Council, and chair of the Canadian Vehicle Manufacturer Association. He has also been a member of the boardzs of directors ofSaab Automobile, Canadian XM Satellite the GM-Suzuki CAMI Joint and the Canadian Council of Chief Recent News About Michaelo A. Grimaldi **All Executive profiles data provided byDow Jones & Co., Inc.
In his new position, Grimaldi is also a membee of the GM Asia PacificStrateg Board. He has been a corporate vice presidentsince 1995. Grimaldu began his GM career in 1976 and advancesd through positionsin product/business corporate finance, engineering/manufacturing projec t management, and assistant to the vice chairman. In Grimaldi was appointed chief financial officer at PontiacDivisiohn and, in 1988, the chief financial officerr at Oldsmobile Division. He was namexd marketing manager for the Oldsmobile Divisiobn in 1990 and finance director for the North Americanj marketing divisionsin 1992.
Grimaldu was appointed executive director of planning for Nortu AmericanOperations (NAO) and a membert of the NAO Strategy Board in 1993. In this he also served as the executivd in charge for GM relations with ToyotsaMotor Corporation. In Grimaldi was promoted to GM vice president and vehicle line executivefor full-size pickup truckws and sport utility vehicles. In 1999, he advances to vice president offield service, and parts for GM's U.S.
Grimaldi earned a bachelor's degree in engineeringh from PurdueUniversity (1974) and a master's degree in businessd administration from Stanford University He also attended the Massachusettse Institute of Technology program for seniof executives (1987). Grimaldi has served as a membetr of the board of directors of ThinkDetroit PAL, which promotews educational and recreational opportunities for the city's and the Stanford Graduate School of Business and the School of Engineering advisory boards. In addition, he is an active supporter of the Make-a-Wisb Foundation, Hospice of Michigan, Angel'sa Place, the Cranbrook Educational Community, and FIRSy Robotics Competition.
In other auto industry Grimaldi has servedas co-chaire of the Canadian Automotive Partnership Council, and chair of the Canadian Vehicle Manufacturer Association. He has also been a member of the boardzs of directors ofSaab Automobile, Canadian XM Satellite the GM-Suzuki CAMI Joint and the Canadian Council of Chief Recent News About Michaelo A. Grimaldi **All Executive profiles data provided byDow Jones & Co., Inc.
Friday, January 14, 2011
Judge sets date for Davis hearing - Houston Business Journal:
http://snagahouse.com/best-homes-mesa-az-and-prescott.html
James Davis will appear before U.S. Districgt Judge David Hittner and is expected to entet a guilty plea to charges of conspirachy tocommit fraud, mail fraud and conspiracy to obstrucy justice in connection with his alleged role in masterminding a $7 millionb Ponzi scheme. Davis is the former roommate of R. Allen the Houston financier who headede the now dismantledStanford empire. Davis could face as much as 30 yearws in prison and has agreed to forfeiyt property worth as muchas $1 billion as part of his deal with The judge also invitedr comments regarding Davis and his plea deal from those claimingv to be victims of the Ponzi to be delivered in person at the Aug.
6 hearingb or as written statements. Comments can be made online at the Web site at by calling Pam Washingtonat 1-888-549-3945 or by e-maiol to victimassistance.fraud@usdoj.gov. Victims wishing to appear in court to make their statement must alsocontact Washington. The deadline for commentsa is July 31. Stanford, 59, was charged separately in the case after being indicted by a Houston grand jury, and is schedulec to go to trial Aug. 25. He and four others chargedr have pleadednot guilty.
Separately, the judgw on Wednesday issued an order denying a transferr motionby Stanford’s attorney, Dick DeGuerin had requesting that Stanfordf be transferred from the Joe Corley Dentention Center in Conrod to a federal detention center in Houston whiles he awaits trial.
James Davis will appear before U.S. Districgt Judge David Hittner and is expected to entet a guilty plea to charges of conspirachy tocommit fraud, mail fraud and conspiracy to obstrucy justice in connection with his alleged role in masterminding a $7 millionb Ponzi scheme. Davis is the former roommate of R. Allen the Houston financier who headede the now dismantledStanford empire. Davis could face as much as 30 yearws in prison and has agreed to forfeiyt property worth as muchas $1 billion as part of his deal with The judge also invitedr comments regarding Davis and his plea deal from those claimingv to be victims of the Ponzi to be delivered in person at the Aug.
6 hearingb or as written statements. Comments can be made online at the Web site at by calling Pam Washingtonat 1-888-549-3945 or by e-maiol to victimassistance.fraud@usdoj.gov. Victims wishing to appear in court to make their statement must alsocontact Washington. The deadline for commentsa is July 31. Stanford, 59, was charged separately in the case after being indicted by a Houston grand jury, and is schedulec to go to trial Aug. 25. He and four others chargedr have pleadednot guilty.
Separately, the judgw on Wednesday issued an order denying a transferr motionby Stanford’s attorney, Dick DeGuerin had requesting that Stanfordf be transferred from the Joe Corley Dentention Center in Conrod to a federal detention center in Houston whiles he awaits trial.
Tuesday, January 11, 2011
Stop acting like a salesperson; start acting like a consultant - Houston Business Journal:
http://www.jobofer.org/housekeeping.shtml
Why do we ask questions? Here are some of the • So we fully understand the prospect’s needs and “ho buttons.” • So when we present our solutions they matchj what our prospects said was important and they feel yoursz is acustom solution. • To get beyond the initia reason why they needthe product. To make prospects feel like they are a part of thebuyinfg decision. When they are they are beginning tosell themselves. So what questionw should we ask? That has a lot to do with what you have learne about the prospect before you tryto them. You need to learn somethin aboutthe company, the etc. before calling on them.
That’s pretty Use their Web site, any of the social networks, then when you call them you have somethingf with which to beginthe conversation. The most important thing about asking questions is that theyare open-endexd and thought provoking. Here are some example of questions that may or may notbe appropriate. • How has the economyy affected your company and the ways you are makiny decisions now compared withlast year? I noticed on your Web site that you will be launchinb a new product. Can you tell me abouty that? • I read that your industr is going through changes when it comeszto financing. Can you share with me how that will affecytyour organization?
• If it was May 2010 and you said you just had a very successfulk year, what would have happened? • Let’sw pretend we worked together this past A year later you said the relationship was a positivd one. What does that look like?? • What do the next five yeara look like foryour organization? • What differentiates you from your competitors ? • What are you most proud of? I wouldn’rt ask all of thesr questions all of the time. They are Certainly, more specific questions are appropriate as but it is important to fully understandd thebig picture. If you take time to learh more aboutthe prospect, you may learbn about some additional needs they mightt have.
A consultant and salesperson are really the same with only one a consultant is paid up front and a salespersoj is paid inthe end. So act like a consultanr and you will selllots more.
Why do we ask questions? Here are some of the • So we fully understand the prospect’s needs and “ho buttons.” • So when we present our solutions they matchj what our prospects said was important and they feel yoursz is acustom solution. • To get beyond the initia reason why they needthe product. To make prospects feel like they are a part of thebuyinfg decision. When they are they are beginning tosell themselves. So what questionw should we ask? That has a lot to do with what you have learne about the prospect before you tryto them. You need to learn somethin aboutthe company, the etc. before calling on them.
That’s pretty Use their Web site, any of the social networks, then when you call them you have somethingf with which to beginthe conversation. The most important thing about asking questions is that theyare open-endexd and thought provoking. Here are some example of questions that may or may notbe appropriate. • How has the economyy affected your company and the ways you are makiny decisions now compared withlast year? I noticed on your Web site that you will be launchinb a new product. Can you tell me abouty that? • I read that your industr is going through changes when it comeszto financing. Can you share with me how that will affecytyour organization?
• If it was May 2010 and you said you just had a very successfulk year, what would have happened? • Let’sw pretend we worked together this past A year later you said the relationship was a positivd one. What does that look like?? • What do the next five yeara look like foryour organization? • What differentiates you from your competitors ? • What are you most proud of? I wouldn’rt ask all of thesr questions all of the time. They are Certainly, more specific questions are appropriate as but it is important to fully understandd thebig picture. If you take time to learh more aboutthe prospect, you may learbn about some additional needs they mightt have.
A consultant and salesperson are really the same with only one a consultant is paid up front and a salespersoj is paid inthe end. So act like a consultanr and you will selllots more.
Sunday, January 9, 2011
WellPoint completes DeCare Dental acquisition - Minneapolis / St. Paul Business Journal:
milicinodijoo1981.blogspot.com
The companies said Wednesday that regulatory and partnerd approvals havebeen completed. The acquisition doesn’t include the three Delta Dentalplans — Delta Dentak of Minnesota, Delta Dental of Nebraskw and Delta Dental of North Carolins — that DeCare provides services to underf existing contracts. DeCare is immediately adding an additional 20 positions at its operations center in Gilbert as it startesserving WellPoint’s customers in additioj to its own. Further growth is expected on both the DeCare andWellPointf sides.
“WellPoint’s acquisition of DeCare Dentalo is part of a growth strategy that centers on the acquisitionm of talentand technology, more than the acquisitionh of membership,” Angela Braly, president and CEO of said in a statement. Indianapolis-based WellPoint (NYSE: WLP) that it planned to merge with DeCare. The $100 million will go into a nonprofirt trust fund to support dental care in DeCare will keep its Eagan headquarterx and its presentmanagement team, and its organization structurre will stay intact. Michael who will remain president and CEO of DeCare said the merger with WellPointcontinuese DeCare’s long-term expansion strategy.
DeCare already manages dental benefita for 4 million peoplein 22,000 employerf groups. “If you want to talk abouf the ultimate in economies ofscale — teamingb up with WellPoint is Walsh said. “We’re excited, they’re exciteed and we’re already starting to add more jobs in Minnesota to handlebusiness growth.”
The companies said Wednesday that regulatory and partnerd approvals havebeen completed. The acquisition doesn’t include the three Delta Dentalplans — Delta Dentak of Minnesota, Delta Dental of Nebraskw and Delta Dental of North Carolins — that DeCare provides services to underf existing contracts. DeCare is immediately adding an additional 20 positions at its operations center in Gilbert as it startesserving WellPoint’s customers in additioj to its own. Further growth is expected on both the DeCare andWellPointf sides.
“WellPoint’s acquisition of DeCare Dentalo is part of a growth strategy that centers on the acquisitionm of talentand technology, more than the acquisitionh of membership,” Angela Braly, president and CEO of said in a statement. Indianapolis-based WellPoint (NYSE: WLP) that it planned to merge with DeCare. The $100 million will go into a nonprofirt trust fund to support dental care in DeCare will keep its Eagan headquarterx and its presentmanagement team, and its organization structurre will stay intact. Michael who will remain president and CEO of DeCare said the merger with WellPointcontinuese DeCare’s long-term expansion strategy.
DeCare already manages dental benefita for 4 million peoplein 22,000 employerf groups. “If you want to talk abouf the ultimate in economies ofscale — teamingb up with WellPoint is Walsh said. “We’re excited, they’re exciteed and we’re already starting to add more jobs in Minnesota to handlebusiness growth.”
Thursday, January 6, 2011
Demand for rentals on the rise, but some say now is time to buy - Business Courier of Cincinnati:
assigning-queen.blogspot.com
Demand for rental properties in Houstom has continuedto rise, according to data reportec by the . Over the past year, demand for condoss and townhouses has risen more than 26 HAR reports. Seventy-one percent of Americans cite a preferenc e to rent instead of buyinga home, according to a recenr survey commissioned by the . “During 2008 we doublef the number of tours we led as market conditions led more peopled to rent rather than purchase a and we are on trackl to double our tours againin ” says Jeff Rowe, vice presideny of sales for ApartmentSearch.com. In the Unitex States alone, companies spend more than $13.
5 billion a year to relocatee morethan 700,000 employees, according to the Employeed Relocation Council. CORT, a Fairfax, Va.-based relocation company for says that more than half of employeexspermanently relocating, and more than 90 percent of employees temporarily assigned to new locations are In addition, homeowners who have struggled to sell theire properties are finding that renting is an alternativs in this sluggish real estate market. Real estate expertss say abundance of houses on the market for rent has createcd a new phenomenon in thehousin market. Some, however, say now is the time for thosedconsidering buying.
“Three or four years from now, thos who have been renting will have absolutely nothin g to show for their monthly saysDoug Goff, senior vice president and directot of land development for Houston-based The “No home, no equity, no tax deduction — just escalatingb rent.” For those waiting for home prices to drop beforde buying, trying to pinpoint the bottom of the housingg market and get the “lowest price possible” is nearly impossibld to do, he says. “It often is somethinhg we know onlyin retrospect,” he “How will we know when we’ve hit a bottom in pricing ? My guess is when home prices starr to go up.
And in fact, recent economic indicatorzs show we are probably approaching amarketg bottom. Nationwide, home prices are falling more slowlyt than inthe past. And, according to the Houstohn Associationof Realtors’ April prices in the Houston area are already on the rise and are at theifr highest level since last The primary advantage to buying now is a buyer’s says Dan Gezella, vice president of sale s and marketing for .
The average sales price for a single-familty home — $194,222 in April is more than $12,000 less than it was in Aprilo 2008, Gezella says, but home prices are according to the Houston Associationof Realtors, and althoug they remain below last year’s levels, April figures are at a seven-month “For those considering a home purchases of $500,000 or more, the buyer’ds market window is closing at an even fastedr pace,” he says. “There were 12 percent more home closingsd in this price bracke in the Houston area during the first quarter of 2009 than durinbg theprevious year.
Plus, inventory levels for homee pricedabove $500,000 are still declining, which means that as buyers continue to return to the the simple rule of supply and demand will drive home prices up.” David Jarvis, director of the Houston region of says reluctant especially in Houston, risk being sidelined durinh what could be a great “Pending home sales jumpec 6.7 percent in April, according to the , with year-over-yeat increases in all regions but the West,” he “Other positive economic indicators includw a rise in the index of national factory activity — to 42.8 in May from 40.1 in according to The Institute of Supply Management.
It was the index’sz highest reading since September. the Commerce Department reportse that spending on construction projectsrose 0.8 percenf in April, the largest increase since August.” These indicatord point to a recovery in the housinyg market on a national Jarvis says. “And because Houston is currently one ofthe nation’s strongestr housing markets, we will recover first,” he says. “This means our area will be the first to see homepricre increases, something already starting to happen.
Alread low new-home inventories will dwindle quicklyh as buyers return to the market and it will take severao months for builders to meet demand as buyera hurry to lock in lowinterest rates. This also will translatde into higherhome prices. Suppliers also may have low as they adjusted production to meetreduced demands, and this shortage also coulrd lead, again, to higher home prices.”
Demand for rental properties in Houstom has continuedto rise, according to data reportec by the . Over the past year, demand for condoss and townhouses has risen more than 26 HAR reports. Seventy-one percent of Americans cite a preferenc e to rent instead of buyinga home, according to a recenr survey commissioned by the . “During 2008 we doublef the number of tours we led as market conditions led more peopled to rent rather than purchase a and we are on trackl to double our tours againin ” says Jeff Rowe, vice presideny of sales for ApartmentSearch.com. In the Unitex States alone, companies spend more than $13.
5 billion a year to relocatee morethan 700,000 employees, according to the Employeed Relocation Council. CORT, a Fairfax, Va.-based relocation company for says that more than half of employeexspermanently relocating, and more than 90 percent of employees temporarily assigned to new locations are In addition, homeowners who have struggled to sell theire properties are finding that renting is an alternativs in this sluggish real estate market. Real estate expertss say abundance of houses on the market for rent has createcd a new phenomenon in thehousin market. Some, however, say now is the time for thosedconsidering buying.
“Three or four years from now, thos who have been renting will have absolutely nothin g to show for their monthly saysDoug Goff, senior vice president and directot of land development for Houston-based The “No home, no equity, no tax deduction — just escalatingb rent.” For those waiting for home prices to drop beforde buying, trying to pinpoint the bottom of the housingg market and get the “lowest price possible” is nearly impossibld to do, he says. “It often is somethinhg we know onlyin retrospect,” he “How will we know when we’ve hit a bottom in pricing ? My guess is when home prices starr to go up.
And in fact, recent economic indicatorzs show we are probably approaching amarketg bottom. Nationwide, home prices are falling more slowlyt than inthe past. And, according to the Houstohn Associationof Realtors’ April prices in the Houston area are already on the rise and are at theifr highest level since last The primary advantage to buying now is a buyer’s says Dan Gezella, vice president of sale s and marketing for .
The average sales price for a single-familty home — $194,222 in April is more than $12,000 less than it was in Aprilo 2008, Gezella says, but home prices are according to the Houston Associationof Realtors, and althoug they remain below last year’s levels, April figures are at a seven-month “For those considering a home purchases of $500,000 or more, the buyer’ds market window is closing at an even fastedr pace,” he says. “There were 12 percent more home closingsd in this price bracke in the Houston area during the first quarter of 2009 than durinbg theprevious year.
Plus, inventory levels for homee pricedabove $500,000 are still declining, which means that as buyers continue to return to the the simple rule of supply and demand will drive home prices up.” David Jarvis, director of the Houston region of says reluctant especially in Houston, risk being sidelined durinh what could be a great “Pending home sales jumpec 6.7 percent in April, according to the , with year-over-yeat increases in all regions but the West,” he “Other positive economic indicators includw a rise in the index of national factory activity — to 42.8 in May from 40.1 in according to The Institute of Supply Management.
It was the index’sz highest reading since September. the Commerce Department reportse that spending on construction projectsrose 0.8 percenf in April, the largest increase since August.” These indicatord point to a recovery in the housinyg market on a national Jarvis says. “And because Houston is currently one ofthe nation’s strongestr housing markets, we will recover first,” he says. “This means our area will be the first to see homepricre increases, something already starting to happen.
Alread low new-home inventories will dwindle quicklyh as buyers return to the market and it will take severao months for builders to meet demand as buyera hurry to lock in lowinterest rates. This also will translatde into higherhome prices. Suppliers also may have low as they adjusted production to meetreduced demands, and this shortage also coulrd lead, again, to higher home prices.”
Tuesday, January 4, 2011
Dayton employment to remain sluggish into third quarter - Kansas City Business Journal:
enemerose-wisconsini.blogspot.com
Tom Traynor, an economics professo r at Wright State and authof ofthe report, said unemployment increases will continu at their accelerated pace into the third quarter of this The Dayton Metropolitan Statistical Area, which includes Greene, Miami and Preble counties, is projectes to lose 6,000 to 7,0000 jobs in the thirdf quarter. That would drop employment to 373,900, down from 380,400 in the first quarte of the year, a 2 percent decline.
The hardest-hiyt area is one the Dayton area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectord falling from 42,300 in the firsf quarter of this year to 36,100 by the thirx quarter, a nearly 15 percent drop. Durable good s manufacturing will be hitin particular, Traynotr said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expecterdto decrease.
Retail employment is expectexd to dropto 39,100 by the thirdf quarter, down from 40,000 in the firsgt quarter, a 2 percent Service employment, which includesx financial service, business service, utilities and leisurw service, is projected to decrease to 324,2090 by the third quarter, down from 326,700 in the first quarter, a nearly 1 percent decline. “Ther next year to year and a half will be an unpleasantg time forthe region,” Traynor said. Constructiomn employment is expected to rise as a part ofseasonalp employment, to 13,400 from 11,400 in the firsg quarter, but that is 1,0090 jobs fewer than the same time periods last year.
One area of employment that isn’tr expected to be hit hard is health In fact, Traynor said he expects health care to add some jobs by the thirr quarter, going up to 56,500 from 56,30o0 in the first quarter. He said the rate of decline in grosz domestic product will but remain negative through the third quarter and maybe into the fourthu quarter ofthis year. Even when GDP does becoms positive again, it will take some time for employmenrt to pick up because it is a laggingh indicator ofeconomic recovery. Traynot said there is a great deal of uncertainty still on the national as businesses try to determine the impacgt ofgovernment actions.
Traynor said the problem of high unemploymenrt is not going awayanytimes soon. “This is something we’re going to be livingt with for quitea while, well into next year,” he
Tom Traynor, an economics professo r at Wright State and authof ofthe report, said unemployment increases will continu at their accelerated pace into the third quarter of this The Dayton Metropolitan Statistical Area, which includes Greene, Miami and Preble counties, is projectes to lose 6,000 to 7,0000 jobs in the thirdf quarter. That would drop employment to 373,900, down from 380,400 in the first quarte of the year, a 2 percent decline.
The hardest-hiyt area is one the Dayton area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectord falling from 42,300 in the firsf quarter of this year to 36,100 by the thirx quarter, a nearly 15 percent drop. Durable good s manufacturing will be hitin particular, Traynotr said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expecterdto decrease.
Retail employment is expectexd to dropto 39,100 by the thirdf quarter, down from 40,000 in the firsgt quarter, a 2 percent Service employment, which includesx financial service, business service, utilities and leisurw service, is projected to decrease to 324,2090 by the third quarter, down from 326,700 in the first quarter, a nearly 1 percent decline. “Ther next year to year and a half will be an unpleasantg time forthe region,” Traynor said. Constructiomn employment is expected to rise as a part ofseasonalp employment, to 13,400 from 11,400 in the firsg quarter, but that is 1,0090 jobs fewer than the same time periods last year.
One area of employment that isn’tr expected to be hit hard is health In fact, Traynor said he expects health care to add some jobs by the thirr quarter, going up to 56,500 from 56,30o0 in the first quarter. He said the rate of decline in grosz domestic product will but remain negative through the third quarter and maybe into the fourthu quarter ofthis year. Even when GDP does becoms positive again, it will take some time for employmenrt to pick up because it is a laggingh indicator ofeconomic recovery. Traynot said there is a great deal of uncertainty still on the national as businesses try to determine the impacgt ofgovernment actions.
Traynor said the problem of high unemploymenrt is not going awayanytimes soon. “This is something we’re going to be livingt with for quitea while, well into next year,” he
Saturday, January 1, 2011
Waiting For MoonPie To Drop - WKRG-TV
hibleyytogoja1273.blogspot.com
WALA-TV FOX10 | Waiting For MoonPie To Drop WKRG-TV MOBILE, Alabama - It sounds like Mardi Gras is starting a little early--as a carnival parade kicks off New Year's Eve festivities in downtown Mobile. ... Firework display to come from 3 angles The MoonPie: From humble marshm » |
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