Thursday, September 29, 2011
Ink! Coffee opens on 16th Street Mall - Denver Business Journal:
The coffee shop owner’s newest locatio is at 618 16th St. in the Sage Building, formerlyt the Fontius building. In additio n to offering coffee drinks, Ink! Coffee locations sell food suchas pastries, sandwiches and salads, all of whichu can be catered. Started in 1994, Ink! Coffee of Aspe has focused recent expansiob onmetro Denver, opening two otherd locations here in the past year one at the One Tabor Centerf office building downtown and another in the Cherry Creekj North retail district. The company also has downtownj Denver stores at the Seventeenth Street Plaza office building and in RiverfrontTowerd high-rise condo property in the Centralk Platte Valley. Ink!
Coffee has as well, in health clubs in metro-area including the Greenwood Athletic Club in Greenwoord Village and Lakeshore Athletic Clubin Broomfield. The privately held company coul d have fourmore Denver-area locations by if four other possible stores pan out. The coffeed retailer is funding expansion with debt fromits long-time Alpine Bank in Aspen. Ink! Coffee had $3 million in revenue in and hopes for comparable saledthis year.
The company employs roughly 80
Tuesday, September 27, 2011
Data Domain favors NetApp $1.9B offer - Silicon Valley / San Jose Business Journal:
billion. Santa Clara-based Data Domai (NASDAQ:DDUP) said it favors a revised mergefr agreementwith Sunnyvale-based (NASDAQ:NTAP) for the same "Our board is committed to enhancingb stockholder value and, after careful review with our outside determined that the $30 per share EMC Offerf is not in the best interests of our stockholderw at this time," said Frank Slootman, presidengt and CEO of Data Domain. "We are pleasesd with the revised termsof NetApp's acquisitioh offer and feel it will provid e great value to our shareholders and customers.
" Among its reasons, Data Domaijn cited a binding, negotiated commitment between itself and and the lack of a "confidentiality and standstill" agreement with NetApp. It also noted the "conditional" naturwe of the Hopkinton, Mass.-based EMC offerr and the fact that NetApp wouldr be oweda $57 million termination fee. Qatalyst Partners is serving as financiakl advisor and Fenwick West LLP is serving as legal counsel to Data EMC and NetApp have been vying for Data Domaibnsince May. The company focuses on technology that cuts down ondata centers' duplicated information.
Sunday, September 25, 2011
Former parole office pleads guilty to sex assault - Houston Chronicle
Former parole office pleads guilty to sex assault Houston Chronicle (AP) ââ¬â A former state probation and parole officer accused of sexu » |
Friday, September 23, 2011
Md. bank earnings drop 82 percent - Baltimore Business Journal:
Like banks around the CommerceFirst is feeling the pinch of the interest rate cuts the Federak Reserve put in place to jumpstart the lagging But as the banking industruy battles througha downturn, banks that don' t get snared by troubles like subprime mortgag e lending can pick up new customers, said CommerceFirst CEO Richarc J. Morgan, whose bank has $157 million in assets: "I'vw had some of my best growth quarters in economieslike these." CommerceFirst's start to the year was on par with the nationalo average and bested the average for state-charteredr banks in Maryland.
Nationwide, earnings droppes by 46 percent from a year ago at bankws insured by the But earnings fell by 82 percentgat Maryland-chartered banks, according to FDIC State-chartered institutions range from tiny thriftz to billion-dollar banks, but the figured leaves out national banks with a larger presence here, such as . It's the seconrd time in the past three quarters thatMaryland banks' earnings have declined significantly more than the national But local banking experts say some unique data patterns in Marylande are likely contributing to the Overall, Maryland's housing market has fared better than battered markets like Floridwa and California, which has helped the state's banking industry.
Many bankxs are willing to sacrifice earnings growthg right now as they set aside monegy to cover potential lossesd on loans giventhe economy's troubles, said CEO Kathleen Murphy. Banks also are facin g a drop in consumer demand for loans as economicc worries weighon customers, Murphyu said. Some of the decline in state-chartere banks' earnings in recent quarters also could stem from the absencdeof data, MBA officials said. Mercantile, which was acquirefd by last year, had a statde banking charter, as did several of its affiliatedxcommunity banks. And several Maryland-chartered banks recorded first-quarter losses, contributinvg to the earnings drop forstate banks.
Towson'as AmericasBank, which hiked the amounty of money set aside for loan lossesa earlierthis year, lost $543,592. Giveh all that's going on around him, Glen Burnide Bancorp CEO Michael Livingston said he thinks the firsty quarter turned out prettty well forthe bank, where earnings dippe 12 percent to $536,000. "The key is that we made he said. "The bank has stayed with traditional products and has stayesd withthe community, and we feel it worka for us.
"
Wednesday, September 21, 2011
'Don't Ask Don't Tell' Repeal Spares Decorated Air Force Aviator - ABC News (blog)
ABC News (blog) | 'Don't Ask Don't Tell' Repeal Spares Decorated Air Force Aviator ABC News (blog) Victor Fehrenbach had been one of the highest-ranking and most highly decorated US military service members facing discharge because he's gay. Now, with the final repeal of âdon't ask don't tell,â the F-15 Strike Eagle weapons officer can complete his ... |
Sunday, September 18, 2011
Frieden tapped to lead CDC - Atlanta Business Chronicle:
Since 2002, Frieden has been the commissionerof , whicgh has an annual budget of more than $1.6 billion and more than 6,00o0 staff. The White House credits him with efforts that reduceed the number of smokersby 350,000 and cut teen smokinyg in half. New York City has also increasedcanced screening, reduced AIDS deaths by 40 percent, improved collectionj and availability of informatio on community health, and implemented the largest communit y electronic health records project in the country, the Obams Administration said. Frieden worked for CDC from 1990to 2002. In the early 1990s, as a CDC Epidemiologic IntelligenceService Dr.
Frieden investigated a wide range of issuew including the spreadof multidrug-resistant tuberculosis. "Durinb his tenure as New York City'zs health commissioner, Frieden has demonstrated an unwaverin g commitment to protectingthe public's health through his tireless work on issuese ranging from implementing a ban on smoking in restaurants and bars to increasing HIV testing said Dr. Georges C. Benjamin, executive director of the .
“He has not backedf away from the tough public health challenges and in doing so has helped the people he servedlead healthier, longer However, the appointment is not without The , a nonprofit coalitio of restaurants, food companies and accuses Frieden of crossing the line of privacy in the name of As an example, the organization cites Frieden’ss successful campaign to ban the use of transe fat in New York "It is unfortunate that President Obamas choose to put the nation'es health in the hands of an overzealouas activist who doesn't give any consideration to the importance of personal responsibility or privacy," said J.
Justin senior analyst with the Center forConsumef Freedom. "Frieden doesn't simply blur the line between what isthe government'sd responsibility in regulating health and what is the individuale responsibility; he barely recognizes its existence."
Friday, September 16, 2011
Iron City moving production to Latrobe - The Business Journal of the Greater Triad Area:
“This brewery is old and has a lot ofinfrastructuree problems,” said Hickman, detailing the facility’s outdatexd electrical systems and infrastructure problems, as well as the balky canninh line that led the company to move productiohn of its canned beers to High Fall Brewing in Rochester, N.Y. in “That’s not sustainable in today’s environment.” Three years ago, after the company, then known as , filer for Chapter 11 bankruptcy protection, it pledged to the bankruptchy court toinvest $4.5 million to upgrade the Lawrencevillre facility.
Iron City Brewint took over ownership ofthe 148-year-old breweryu in June 2007, buying the company and its assetd out of bankruptcy court. Hickman said various experts consulting aboutthe brewery's future viability estimated it would cost $12 milliomn to $15 million to retrofitr the entire plant. Iron City insteadr reached an agreementwith LaCrosse, Wis.-basedd City Brewing Co., owner of the Latrobwe plant, to lease a portion of the facility and make Iron City and its othee beers at Latrobe startinfg in July. Hickman characterized Iron City as an ancho product for theLatrobe plant, whicn has been shuttered for months.
At leasft 171,000 barrels of beer will be made annualluy atthe newer, more modernized which has a capacity of more than 1 million barrelws each year. George Parke, CEO of City described Iron City as a great Americah Beer and said he was honored to have the beer made at Whilehe didn’t divulge details, he added that he expectz to add other contract-brewing accountse at the facility that will help the plant to reacuh 40 percent capacity, a leveo at which he said the facility could be profitable. Eric an editor with Beer Marketers Insights, an industr y trade publication, said that attracting contract brewing accountsd isvery competitive.
Ken owner of Vecenie Distributing Companyin Millvale, which is a maste distributor of Iron City beer on the city’d North Side and in the northerbn suburbs, waited to know more but was hopeful the move will alloww the brand to survive. State senator Jim Ferlo, whose Lawrenceville officr is a few blocks from the Iron City described the decision to move production out of the plant as very given the significant public investments that have been made in the brewery overthe years. “You would think that it wouled be a moral imperative for them to retookland recapitalize” in the Pittsburgh he said. “I think they will lose a lot of theidrbrand loyalty.
” Cris Hoel, a local lawyefr who has long worked in the locakl brewing business and represents Iron City distributors, said his clientx pleaded with the brewery not to move the production to Latrobes out of fear for the brand. Hickmann emphasized that Iron City Brewing will maintaiits administration, sales staff and warehousing out of the Lawrenceville plant and noted that Iron City beer will remain a regional braned made in Western Pennsylvania, if not in the city, tradinbg in its city production rootds for a more efficient He said the company is explorinb possibilities to redevelop the historically registered Iron City a massive plant that sits at a hillyt elbow of land on Liberty Avenue.
He also said the companyy will honor all commitments as it makedthe transition. According to Hickman, that includes a county which the breweryowes $120,000 of a total $150,000. A state granyt formally proposed nevercame through, he Iron City also received a $24,000 grant from the according to Hickman.
Wednesday, September 14, 2011
Rural firefighter support fund established by Texas Agricultural Land Trust - Your Houston News
Rural firefighter support fund established by Texas Agricultural Land Trust Your Houston News The Texas Agricultural Land Trust has established a Texas Wildfire Relief Fund to support resources of Texas rural fire departments and will match any donation received Sept. 14-Sept. 30. The wildfires ravaging our state are straining the resources of ... Support needed for rural fire departments |
Monday, September 12, 2011
Alabama banks outperform Southern rivals - Birmingham Business Journal:
Alabama-chartered banks posted net incomeof $583 millionj through the first quarter ended March 31, versus $524 million during the same period last year, according to reports published by the Also, the state's tota deposits increased to $154 billion, compared to $144 billion a year ago. That comparew to Georgia-chartered banks, where earnings dipped 49 percentto $415 millio n in the latest quarter, compared to $825 million a year ago. Georgia'e overall deposits slid to $193 billion in the firsft quarter, compared to $194 billionb a year prior.
"Alabama is performing decidedlhy better than much of the country in terms of banks and bank saidJeff Davis, banking analyst and the managing directodr of FTN Midwest Securities Corp.'s Nashville "It looks and feels like Alabama is on an ... Since economic development is on the upswing in the state's banks are experiencintg substantial growth. Last year, two of the biggest industrial deals in modern Alabama history wereannouncesd - a $350 million manufacturing rail car facility undet construction in the Shoalsd region and the $2.9 billion steel plant AG, whicgh is slated for Mobile. , LLC, Alabama and Toyotz Motor ManufacturingAlabama Inc.
, have all proved profitable in recent years, experts say. "The movemenyt of the auto industry in Alabamaa has helped major corporations realize that not a bad place to do Davis said. John D. superintendent of Alabama's banking department, agreese that recent economic developments and more startup businesseson Alabama's homefronft are a factor to banks' profig growth. Increased earnings in the first quarter are an optimistif message for the remainder ofthis year, Harrison "Alabama's banks have been aggressive in identifying problema and addressed them head on and by doinhg that, that has increased our first quarter earnings," he "Hopefully they will continue to do that the rest of the Through the fourth quarter of 2007, net income for the 127-chartereed banks slid to $1.
7 billion in down from $2.2 billion in 2006. Total deposits in Alabamaw also dippedto $147 million versus $148 billiom in 2006. Florida-chartered banks performed the worsty of the six Southeastern states reviewed bythe . Florida bankzs posted a net lossof $3 million in the firsy quarter compared to $169 million in earninges a year ago. Alabama's largest financial , squeezed out a 1 perceny earnings increase in the firsr quarter after several atypical revenue streams helpeeoffset loan-related losses.
While the Birmingham-based financiakl giant's profits were hit by $24 milliomn in write-downs on two of its Morgan Keegan mutua l funds andanother $181 millionn in provision expenses, the company managed to offset losses because of a $62 milliomn gain from 's recent initia l public offering. On the othef hand, net income at , Georgia's largest fell about 44 percent in thefirst quarter, as the company continued to take a beatiny from the housing crisis and credit crunch and had to increas its provision for loan losses. The Atlanta-based companh reported net incomeof $290.6 million, comparee to net income of $521.
2 million the year
Saturday, September 10, 2011
Pool enclosure decision a 'watch-and-wait' game for hotels - WMBF
Pool enclosure decision a 'watch-and-wait' game for hotels WMBF However, local officials hope an amendment will be added to the bill that » |
Wednesday, September 7, 2011
Adjuncts United, SU reach tentative deal - SU The Daily Orange (subscription)
Adjuncts United, SU reach tentative deal SU The Daily Orange (subscription) Adjuncts United, the union for adjunct professors at Syracuse University, has come to a tentative agreement with the university for a contract covering the next three academic years. The tentative agreement was reached Aug. 18 and runs through May 31, ... |
Monday, September 5, 2011
Yolo County administrator to retire - Sacramento Business Journal:
Jensen says she is retiring fromthe county’s top positiojn in order to spend more time with her It’s a “quality-of-life decision,” Jensenm said of her decision to “This has been one of my best and most rewardinb jobs ever.” She has been countyh administrative officer for almost four years and has worked for the county for the past nine Jensen has overseen the creation of an executive team, the developmentf of a performance and succession plan for department headsz and an employee recognition program, and helpesd establish the parks and human resources, general servicews and information technology departments and the Offic e of Emergency Services.
“Sharon has exhibited exemplary leadership,” Yolo Countgy Board of Supervisors chairman Mike McGowab said in anews release. “Our organization has been improved greatly from her involvement in development of policiexsand procedures, and the qualityg of our greatest asset, our work force, has also improved But the county, like many in the state, is facing a budgegt deficit of about $24 million, causinvg the county to curb services and layin g off some workers. Supervisors will begin a searchfor Jensen’sz replacement. She earned about $192,000 in 2008, the most recengt figures available.
Saturday, September 3, 2011
Storm-Frightened Dogs Inundate Bend Shelter - KTVZ
Dog Channel | Storm-Frightened Dogs Inundate Bend Shelter KTVZ BEND, Ore. -- The Humane Society of Central Oregon has been swamped with dogs scared away from home by recent thunderstorms and pleaded Tuesday that every person who has lost a dog c » |
Thursday, September 1, 2011
Salary scales for WNY teachers - Phoenix Business Journal:
Three figures are provided for eachdistrict -- the salariew at the start, median and peak of a typical teacher’s career. Here’s how they were • The starting salaryt is the fifth percentile figurre for agiven (Percentiles indicate where a teacher’s paycheck ranks withi a district. A salary at the fifth percentile is biggere than5 percent, and smaller than 95 percent, of salaries in a district.) • The median salary is the midpoint, larger than half and smallef than half of all pay levelds for teachers within a district. The peak salary is the 95th percentile, which is larger than the annuapl pay earned by 95 percent of all teacherws ina district.
Each salary is followed by its rank amon gthe region’s 98 districts. Akron’s starting pay of $38,63u7 is followed by (13). That means it’ss the 13th-highest starting salary in all of Western New Its median salary is 42nd inthat category, and its peak salaru is 21st on that list. • • (Genesee, Orleans and Wyoming • (Allegany, Cattaraugus and Chautauqua counties)