Friday, December 31, 2010
Academic Team honoree: Joelle Crabtree - Business First of Buffalo:
Accomplishments: National Merit Scholarship finalist. Clas s valedictorian. SAT score of 1,510. Perfect score on four Regents Namedto All-County Band and All-County Captain of volleyball Full name: Joelle Carmen Crabtree. February 11, 1991, Buffalo. Lynn Crabtree, Tom Crabtree. Residence: Favorite class: U.S. history (taught by David Kean). “It was the firsgt college-level course I took, so the difficult was a challenge that definitely servecd as awakeup call.” Collegwe and likely major: , liberal arts. Hope to be doing 10 years from now: “jI hope to settle somewhere inthe Northeast, but to travepl to Europe at least once.
Hopefully before ten yearas is up, I’ll be at a point in my life wherr I can starta family.” If could meet anyone from history: William “I’d bring him a copy of ‘Braveheart’ and ask him how he likes Mel Gibson’s speech.” If could have dinnedr with anyone now Kim Jong-il. “It would be fascinating to hear viewas of the world from a perspective so completely opposite toeverything I’ve been exposed to.” to proceed to the next Firsy Team honoree: Isabel Farhi.
Tuesday, December 28, 2010
William D. Miller Executive Profile
Recent News About William D. Milletr [Forbes.com] [Freshnews.com] **All Executive profile data providedf byDow Jones & Co., Inc.
Sunday, December 26, 2010
The Smart Collector: Values of German steins, inherited items vary - Arizona Daily Star
The Smart Collector: Values of German steins, inherited items vary Arizona Daily Star Q: My inherited cast iron shoe repair stand has a patent date of Dec. 24, 95. Does the 95 refer to 1795 or 1895? The earlier date would refer to my ... |
Thursday, December 23, 2010
La Madeleine chooses new HQ site in Dallas - Charlotte Business Journal:
La Madeleine said it will relocate into 17,000 square feet at 12201 Merirt Drive in Dallas. The building that will house the restaurant chain is a Class A buildiny that just recentlyunderwent renovation. Le Madeleins signed a 10-year lease with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becauswe the facility provides the company with the room needee to grow withthe Dallas-based architectural firm Benson and Hlavaty will design the interior The facility is schedule d to be ready for its new tenants in La Madeleine's current headquarters is at 6688 N. Centrakl Exwy, Ste. 700 in Dallas.
La Madeleind was represented byJosh White, senior vice president with ; and Sharroh Morrison, principal with Transwestern. The landlord was represented byMatt Schendle, vice president with .
Tuesday, December 21, 2010
Textron cancels Cessna Columbus program - Wichita Business Journal:
In April, the company announced it would suspend the leading Cessna leaders to say it woul d only be a mattedr of time until the projectcame back. But in Thursday’s filingy with the SEC, Textron (NYSE:TXT) said “Upon additional analysis of the business-jet market related to this product offering, we decided to formallyt cancel further development of the Citation Columbus.” Textronb says it already had incurree about $50 million in capitalized toolingb and facility costs related to the project. It says it will recorc a non-cash pre-tax charge of about $43 million for the first two quarterxs of 2009 to reflect the impairmengt of the facility andtooling assets.
Wichita Mayor Carl Brewer, who was in Denveer Friday at a conference, had not heard the Columbusa project was being canceled untilo asked about it by the WichitaBusineses Journal. “I’m disappointed,” Brewer “... We believe this is part of the futurew for the cityof Wichita. We’re just reallt disappointed that it At thesame time, he says, he understands the economic climate has forced businessesz to make tough decisions. The projectf was to have builtg 600,000-square-foot final assembly building at Cessnaq where the majority ofthe $27 millioj business jet would be built. There was also to have been a 45,000-square-footy physical plant to serve themain building.
Construction costs were expected tobe $200 millionb and bids were put out in March. • • • • Kan.-based Inc. Apart from the loss in construction the Wichita area now appears to have lost out for good onthe 1,00p direct jobs and the 3,000 spin-offc jobs the program was estimated to It also appears likely that Cessnq will have to pay back the $10 milliom it received in city and county incentivesw and the $33 milliomn it received from the state for the Like Brewer, Sedgwick County Commissioner Tim Nortomn says he is disappointed to hear the news of the “I think most Wichitans and the business communityu looked at that as a big he says.
“It takes a little bit of the wind out of the sailds for Cessna andgeneral aviation. It couldc have been a huge boost to Wichit a over the next couple years and I think everybody saw Norton says he hopexs the project will be able to return somewhere downthe line. The businessz plan that was put in he says, still could be a good fit.
Saturday, December 18, 2010
K-State sputters in 57-44 loss to Florida. - Kansas City Star
Kansas City Star | K-State sputters in 57-44 loss to Florida. Kansas City Star K-State's Curtis Kelly (right) fought for a loose b » |
Thursday, December 16, 2010
Monday, December 13, 2010
St. Francis, HMC fight over hospital deal - Kansas City Business Journal:
million in loan payments to St. Franciws Healthcare System of Hawaii during its 10 monthw in bankruptcy and is planning to sue the sisterszof St. Francis, claiming that the hospitals were over valued at the time of the sale inJanuaryt 2007. According to papers filed this week inbankruptct court, St. Francis, which sold its Lilihwa and Ewa hospitalsfor $68 million, is objecting to a reorganizatiobn plan filed by HMC on March 30. The plan claims that the sale wasa "fraudulenyt transfer" and that the price shouldr be lowered retroactively, according to St. Francis' court "Rather than blaming their failure on the Sisterwof St.
Francis, it is time for Hawaii Medical Center to admit that ithas failed,"saied Sister Agnelle Ching, St. Francis chied executive officer. Badr Idbeis, chairman of the Hawaiui MedicalCenter board, "We're trying to ask the judges to reduce the amount of We have no intention of ever suin St. Francis. If our reorganizationn plan is approved we will bedefinitely successful." HMC filed for Chapterf 11 bankruptcy reorganization last August to buy time to reverse it money-losing operation and prevent the closure of its two hospitalx after one of its lenders threatened to freeze operating St.
Francis is asking the bankruptcg court to allow other interestef parties to submitreorganization plans. St. Francias claims that at the time of the HMC made only the down paymentof $6.5 milliobn in cash for the hospitals. The rest — $40.12 million and working capital financingof $8.9y million — was financed by St. Hawaii Medical Center agreed topay $1 million per year over 25 yearxs in monthly land lease payments to St. HMC’s failure to maintain its financial commitment hasimpacted St. Francis' health care ministries. HMC also failed to financ capital improvements, which was a major facto r in St.
Francis’ decision to selecf HMC as the buyerf forthe hospitals, St. Francis said in a press “We did not want to file an objection, but we were given no choice becauseof HMC’s claims in its proposed plan of said Sister Agnelle HMC, the state's only for-profit hospitals, was formed as a partnership of CHA an affiliate of , and more than 130 Hawaii-based doctorxs under Hawaii Physician Group LLC.
Saturday, December 11, 2010
This Bauer bankruptcy traces back to Spiegel events - San Antonio Business Journal:
In 2003, , which had owned Eddie Bauere since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear catalob gave its creditors its stake in Eddie So, in 2005, Eddie Bauer emerged as a stand-alones company for the first time in 34 The company also emerged with a $300 millio n senior secured term loan agreemen with lenders and the task of rebuildin a brand that had drifted away from the company’se roots. Under Spiegel, grew from 58 to 399 retail stores and from threr to102 outlets. The company also addee internet sales.
But it also was a time when the Eddie Bauere brand lostits focus, as the company shiftee from its heritage as an outdoor outfitter to a seller of casuap clothes targeted primarily at women. Company executives have said the debt termd from the Spiegel bankruptcy case have continued to hampedr efforts to turn things around atEddid Bauer. Despite efforts to recaptur e some of the old Eddie Bauer has not been able to establisn a sustainable run of profitable The company racked up nine consecutivee quartersof loses, and has seen lossexs of nearly a half-billion dollars in the past thre years.
The struggle became a financial crisis as the recession has worsened and consumers haveslowed
Wednesday, December 8, 2010
In North Pole, Alaska, Christmas is a year-round labor of love for Santa's helpers - Los Angeles Times
Telegraph.co.uk | In North Pole, Alaska, Christmas is a year-round labor of love for Santa's helpers Los Angeles Times Though south of Fairbanks, the sm » |
Monday, December 6, 2010
Senators expect deal on tax cuts, unemployment aid - Los Angeles Times
Moneycontrol.com | Senators expect deal on tax cuts, unemployment aid Los Angeles Times Leaders from both parties see a compromise in the offing on renewing Bush-era tax cuts for » |
Friday, December 3, 2010
The future of The Park in Charlotte - Dayton Business Journal:
The sale set for 10 a.m. at the Charlottd office of law firm is the third auction for the residential condo project in less than a The foreclosed property at the cornet of South Caldwell and Third streetxs has been in and out of federalbankruptcuy court. A signed sales agreement in late 2008 fell apart aftefr investment partners bickered inopen court. And construction work has been froze n for18 months. The Park is stilll missing its exterior skin and has been exposefd to weatherand vandals. “In terms of broken there are many across the country in asimilar state,” says Laxson Boyd, a principall at Wisconsin-based . “But this one has unique It’s very visible.
” Or, as Charlottw condo developer David Furmanputs it: “It’s a reminder every day of how bleak things are.” Further delahy on a sale will likelg lead to more deterioration of the property. “I isn’t an asset that can be held until themarkett improves,” Boyd says, adding the auction is “an efforft to accelerate the process.” Boyd is handlingy the sale of The Park for the lendeer that foreclosed on the property — , a subsidiarg of in Wisconsin. Longtime local engineetr Pete Verna lost the propertt after his development company defaultedon $28. million owed on a $30.69 million constructiohn loan.
BB Syndication bought the buildinbgfor $14.2 million at the property’s second foreclosure auctiomn in December. It was the only bidder. Next month’se sale should be livelier. At leasft 15 suitors have signesd up forthe “naked” auction. means there will be no minimumopening bid, Boyd says. “All bids will be That being said, BB Syndication reserves the right to rejecy an offer that istoo low, he says. The lender wouls still consider aprivatse sale, he says. Offers have been made but at prices belosw what BB Syndication believes the property is An open auction will let the markeyt speak onThe Park’s prope value, Boyd says.
“My personalp experience in this situation is the market keepitself honest.” More than 60 inquiries have been made regardin g the auction, and 15 parties have pre-registered. On Wednesday, a potentiao bidder was given a tour of the Interest hasbeen widespread, from small private investords to investment funds and nationalk development companies. Some hail from California, New Florida, Georgia and but most — about 60% — are from the Not on the list: the city of This month, Mayor Pat McCrory suggeste d using The Park for affordable housing and asked city staffers to lookinto it. But city officialsz said this weekthey won’ be making an offer.
The Park is about 55% to 80% according to varying estimates. Summit Shores the development group that defaulted ona $19 millio n deal from the tower’s first foreclosure auction in Augustg — pegged completion costsw at $12 million. It will likely take $12 millio n to $15 million to finish The Park to Verna’x vision, according to one Florida investmenf group that has previously considere buyingthe building.
Wednesday, December 1, 2010
Spectrum Capital principals join Morgan Keegan - Memphis Business Journal:
Spectrum is a Rhode Island-base investment and merchant banking firm. The two principals will maintai n their officesin Bristol, R.I. “Ou commitment to providing our clients with the highest quality investment banking services has led to a number of strategid acquisitions over the pasttwo years,” Chip Grayson, Morganj Keegan’s executive managing director and director of investment banking, said in a “We’ve had an interest in adding restructurinfg expertise to our practice for some time, and now we have the rightr people on board to lead this effort.
” Spectrum managint partner Michael Lederman will head Morganj Keegan’s newly formed Special Situations Spectrum partner Joseph Sands will be management directoer of that group. “I am delighted to welcome Mike and Joe to our Randy Karchmer, co-head of Morgan Keegan’s mergers, acquisitionsz and financial sponsors practice, said in a “They will strengthen Morgan Keegan by complementinb our M&A, public equity and debt practices across a wide array of industries.” Memphis-basex Morgan Keegan is the brokerage and securities arm of Birmingham-basedr (NYSE: RF).
Sunday, November 28, 2010
La Madeleine chooses new HQ site in Dallas - Dallas Business Journal:
La Madeleine said it will relocateinto 17,00o square feet at 12201 Merit Drive in The building that will house the restauranyt chain is a Class A buildingb that just recently underwent renovation. Le Madeleinw signed a 10-year leasew with Parmenter Two Foresrt LP forthe space. La Madeleine said it was attracted to the space because the facilit y provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will design the interiore space. The facility is scheduled to be read y for its new tenantsin mid-July. La Madeleine's current headquarterx is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senior vice presidentt with ; and Sharron principal with Transwestern. The landlord was represented by Matt vice presidentwith .
Friday, November 26, 2010
Citizens Financial, Royal Bank of Scotland post 1Q losses - Philadelphia Business Journal:
Citizens Bank’s ultimate parent, , said Friday it suffereds a first-quarter loss of 857 million pounds ($1.29 billion) due to write-offs from the financial crisis that increasefd despite a jumpin revenues. The loss comparex with a profit of 245 million pound s inthe year-earlier period. The main culprit for Providence, R.I.-basedd Citizens appears to have beenimpairmengt losses, which continued to rise and were $684 million comparefd with $394 million and $651 million in the firs t and fourth quarters of 2008, Delinquencies were $2.8 billion, or 2.61 percen of loans, compared with $2.4 billion at the end of 2008.
Non-interesyt income was down $82 million at $358 Activity in core retail banking was also subdued reflectinb the difficulteconomic conditions. Direct expense increased by $83 millionh to $556 million reflecting a number of items including increased Federall DepositInsurance Corp. insurancs costs ($35 million), mortgage servicing rights higher pension costs andcollection costs. Loans and advance s were slightly downat $110.5 billion reflecting subdues customer demand in some Deposit trends improved in the quartedr with deposits up $3.3 billion at $97.6t billion compared with the end of 2008. Total assetw were listed at $157.9 billion, down from $160 billion in firsty quarter 2008.
Royal Bank of Scotland’s new CEO, Stephej Hester, warned that the parent bank’s problems would most likely continuethrough 2010. RBS, whichb is now 70 percenty owned by theBritish government, took a charge of 2.86 billiob pounds against bad debts in the first quartee on top of other writedowns of 797 millio pounds on credit default swaps and otherr investments. Combined with previously disclosed total impairment losses and creditt market writedownswere 4.9 billion pounds. Impairment losses have grownm to 1.3 percent of the bank's loan portfolio, up from 0.9 perceny at the end of last year.
Hester said additionapl impairments of nearly 3 billion pounds were likelyh in each of the nextthree quarters. RBS did experienced a 26 percent increasein revenue, spearheadec by a 131 percent jump in income from its Globapl Banking and Markets division. The first-quarter loss followed the bank's disastrousx results last year, when it lost a British corporate recorfdof 24.1 billion pounds.
Tuesday, November 23, 2010
Embarq, CenturyTel will become CenturyLink after merger - St. Louis Business Journal:
billion sale to closes, expected this month. The rural phonee companies on Tuesday announced the planned name and logo for thecombinex company. CenturyLink will retain the CenturyTel (NYSE: CTL) tradingb symbol. “Our new brand name was selecteed because our customers and employees told us it reflecteds a company thatis forward-lookinb and committed to linking the countr y together,” CenturyTel CEO Glen Post III, who also will be chieft executive of CenturyLink, said in the The company will begin operatinh under the new brand immediately upon closing the deal.
In the followingh months, markets will be converted to the new with customers being notified in advance and the name being addexd tocompany signs, vehicles and marketing materials. The logo is intendef to represent the power of connecting people and businessez to one another and tonew opportunities, locally and nationally, the release said. Overland Park-basedf Embarq (NYSE: EQ) and based in Monroe, La., are — from the before the deal can close. The headquarterws will be in Monroe. A Denver brand consulting , helped develop the new brandr strategy, name and logo, the release said. Together, the two companieds will have about 7.
5 milliob access lines, more than 2 milliomn broadband customers and morethan 400,0090 video subscribers. will . Embarq ranks No. 3 on the Kansas City Business Journal ’s list of area publicv companies.
Monday, November 22, 2010
St. Francis, HMC fight over hospital deal - The Business Journal of the Greater Triad Area:
million in loan payments to St. Franci s Healthcare System of Hawaii during its 10 monthx in bankruptcy and is planning to sue the sisterseof St. Francis, claiming that the hospitalsw were over valued at the time of the sale inJanuaryh 2007. According to papers filed this week inbankruptcyy court, St. Francis, which sold its Lilihza and Ewa hospitalsfor $68 million, is objecting to a reorganizationh plan filed by HMC on March 30. The plan claima that the sale wasa "fraudulent and that the price should be lowered according to St. Francis' court filing. "Rathedr than blaming their failure on the Sistereof St.
Francis, it is time for Hawaii Medicaol Center to admit that ithas failed,"saicd Sister Agnelle Ching, St. Francis chiefv executive officer. Badr Idbeis, chairman of the Hawaii MedicaCenter board, said: "We're trying to ask the judge to reducew the amount of payment. We have no intentiojn of ever suing St. Francis. If our reorganization plan is approvedr we will bedefinitely successful." HMC filef for Chapter 11 bankruptcy reorganization last August to buy time to reversed it money-losing operation and prevent the closure of its two hospitals after one of its lenderds threatened to freeze operating cash. St.
Franci is asking the bankruptcy court to allow other interestexd parties to submitreorganization plans. St. Francis claimx that at the time ofthe sale, HMC made only the down paymentt of $6.5 million in cash for the hospitals. The rest $40.2 million and working capitalo financingof $8.97 million — was financedd by St. Francis. Hawaii Medical Center agreed topay $1 million per year over 25 yearx in monthly land lease payments to St. HMC’s failure to maintain its financial commitmeny hasimpacted St. Francis' healty care ministries. HMC also failed to finance capital improvements, whichn was a major factorr in St.
Francis’ decision to select HMC as the buyer forthe hospitals, St. Francis said in a presas release. “We did not want to file an but we were given no choice becauseof HMC’ws claims in its proposed plan of reorganization,” said Sister Agnellee Ching. HMC, the state's only physician-owned, for-profit hospitals, was formed as a partnership of CHA an affiliateof , and more than 130 Hawaii-basec doctors under Hawaii Physician Grou p LLC.
Saturday, November 20, 2010
U.S. may see
The 20-34 age bracket had the lowest despite the attention lavished on youthful founderxs of companies such as Facebook and Job trends may increase entrepreneurial activity amonvolder Americans. “While peoplw under age 30 have historicallg jumped from jobto job, the most striking developmentf today has been the deep drop in the incidencee of ‘lifetime’ jobs among men over age wrote Dane Stangler, senior analyst at the foundatiom and author of the study. The past year’s economiv upheavals also may produce more entrepreneurs among allage “The very idea of ‘too-big-to-fail’ institutions has been permanently Stangler wrote.
“Recent economic trendzs — away from lifetime jobs and toward more newcompaniees — will thus gain even greater cultural traction. New and stronged regulations aiming to preventt the rise of such giant organizationx also may help create amore market-oriented society.”
Friday, November 19, 2010
Business reaction mixed as cell phone-driving bill fails - Phoenix Business Journal:
The Arizona Senate shot down Senate Bill1433 Monday. The bill woulf have prohibited cell phone calls withouta hands-free devic and all texting. The bill failedf 15-to-14. Violations would have carried a $50 $200 if the incident resulted in an California and several other state havesuch bans. The city of Phoenic has a ban on textingwhil driving. Arizona’s proposal, which likely will come back next year in the would have exempted emergency workers and emergency calls. Critics of the bill cited civil libertiesd and government restrictionson behavior. They also pointexd out that the state alreadyh has reckless and negligentdriving laws. “Ther legislature got it right withthis one.
Every city in Arizon already has distracted driver laws on the Ifthose aren’t doing the job, they can be beefer up, but there’s just no need to pile on redundanr laws,” said Starlee Rhoades, vice president of communication for the . The ban would have impactes scores of businesspeople and commuters who make cell callswhilw driving. Salespeople, medical and legal professionals, repairmen, contractors and the news media all are among those who use thei commutes or driving betweehn appointmentsfor communication. Still, some local businesspeople support the ban citing trafficdsafety issues.
“I think a ban on talking on your cell phon while driving is necessaryin Phoenix,” said Laurel Pea, marketingv manager at accounting firm Grant Thornton’s Phoenix “While it may be a bit less I think it would make Phoenix highways a lot safeer and it would make our commutes a little less I also think therre should be a ban on texting while driving. When I see someonde texting while driving, I just let them pass me. It’ds really scary how little attention some drivers pay to the roadwhen they’res texting.
” Barbara Madden, an executive assistant with Phoenisx financial planning firm of Keats, Connellu and Associates LLC, agrees: “Althougg I like to catch up on my calls whilwe driving, and consider myself responsible and alert even whilw using my cell, I think it’s time to amenx the law. I see a lot of erratic driving by people with cell phones to theidears — people probably say that abouyt me at times, too I can’t deny the fact that it’zs a distraction while driving.” State Sen. Al R-Tucson, was the bill’s main sponsot and told KJZZ AM 91.5 that he wouldd like to bring a similae bill back to the Legislaturenext year.
Police have linked some accidentz and reckless driving to driversa talking on their cell phonesand
Wednesday, November 17, 2010
HOK Sport Venue Event changes name to Populous - Kansas City Business Journal:
“As the world becomes more and ever-advancing technology separates us into audiencesof one, our expertisee becomes more relevant,” Joe Spear, the Kansas City-based firm’z senior principal, said in a Tuesday release. “Our singulaer focus is to design containers of emotion for the collectivw energy of lots ofpassionate people.” The firm reportefd $154 million in 2007 billings, up 22 perceng from $126 million in 2006. Founded with eight engineerse and architectsin 1983, the firm has about 110 localp registered architects, spokeswoman Gina Leo It ranks No.
1 on the Kansaa City Business Journal ’s Top Area Architectural Firms Since 2005, the firm’s headquarters has been at 300 Wyandottew St. in Kansas City’s River Market, wheree the company leases 70 percent ofa $22 million building developed by . The firm’d significance to downtown Kansas City’s economg was reflected in the unprecedented100 percent, 25-yeare property tax abatement granted for the company’sa new headquarters building by the city’s . The company’sd significance to the sports world is evident inreceny high-profile design jobs, including new Yankee Stadium in New York and the Kauffmam and Arrowhead renovations in Kansas City.
Tuesday, November 16, 2010
PepsiCo Issues Statement Regarding Proposed Bottler Transaction
June 2 /PRNewswire-FirstCall/ -- Afteer careful review and analysis, PepsiCo remainds convinced that there are annual synergies of atleasty $200 million through the consolidation of the two ancho bottlers and PepsiCo. PepsiCo believes there is no justificatiobn for the estimates that PBG released today of purported annuaol synergiesof $750 million to $850 million. By way of PBG previously communicated to PepsiCo that a combination of PBG andPepsiAmericaa (NYSE: PAS) would generate synergies well below $100 million.
PepsiC made its proposal to acquirr its two anchor bottlers because of the need to strategically reshapse the business and improvethe system's competitivenesse and growth prospects. Critical to that is the need for PepsiC and its anchor bottlers to continuallgy reinvest tostimulate top-line growth and drive long-term valuer to customers, consumers and PepsiCo has offered a full and fair price for the sharesx of PBG it does not currently own.
Despite PBG's stock price rising 45% in the 30 tradinyg days priorto PepsiCo's offer, PepsiCpo offered an additional 17% premium to PBG's The offer price was a 69% premium to PBG'a stock price as of 30 tradinb days prior to the offer, which is well in excess of average premiums for comparable PepsiCo has a track record of being a disciplined buyeer and will maintain that disciplined approach in this transaction. If in the futurde PepsiCo remains a stockholder in apublif PBG, PepsiCo intends to maintain a disciplined stanc with regard to the commercial arrangements betwee PBG and PepsiCo.
Sunday, November 14, 2010
Scripted sales calls old fashioned, fail to connect with customers - Minneapolis / St. Paul Business Journal:
Geez, I have been saying this for more than 25 andI can’t believe companiea still use them to sell over the OK, forget the companies themselves, let’s blame the managed or the person who is responsible for stil trying to do something that every sales trainer on the planet says does not Now, before I go on, do not writwe or send an e-mail telling me that I am wron or being stubborn. Instead, why don’t you try something new that is, new to you or your organization and just do what I will lay out Trust me, it has worked every singlw time with any organization, big or that I have worked with.
This horrore of using scripts came rushing back to me recently while working with a company whose stores are in evert big city inthe nation. The company is highlhy regarded for its ethics and is a very visiblee organization that many are familiad with because ofthe company’s longevitgy and brand awareness. I was askef to come to the company’s headquarters and look at its methor of attracting new business through itstelemarketin program, which the companyg has been using for a couple of years. They said that althoughy the results were OKat first, sales had become pretty dismal.
It took me just 30 seconds to read the scriptr that the inside salespeoplewere using, and I was I talked with the company president and said I couled help the salespeople in just two hours, but I neededc him to let me do my job and not to interfere unless I called him in for his He agreed, but I could sense he was a bit apprehensive about the situation and my I worked only with the manager, who was really a selling manager because she was on the phone s herself at times tryinv to pitch in and help. We went into a and I spent an hour goingy over whyscripts don’t work and why she has been brainwasheed to do something that was against all the rulees of professional salesmanship.
She was neither thrilled with me at this pointg nor happy after I tookher eight-pages script, ripped it up and threa it in the wastebasket. We role-playe d a little using real situations that she mightt have withher husband, children and friends, for instance. The goal was to show her that havingta two-sided conversation is much more usefulp than a one-sided script. She was really starting to get it, even though she kept wanting to go back to a sellin mode by doing more talkingv than listening andasking questions.
It was so simple that it was frightening to her that a selling situation can be flexible and not just acannexd speech, where she can actually have fun whilee conversing with a The introduction and questions I wrote out were basic and easy for her to They were: “Hi, my name is Susan from Clienrt Co., and I would like to ask you two or threde quick questions. It will not take more than 48 secondds – I promise. “Are you familiar with our company? If yes, what aspects “Why are you not a member, or why did you leavre our organization?
”
Saturday, November 13, 2010
Weekend box office too close to call - San Francisco Business Times:
"Ice Age: Dawn of the Dinosaurs" from Fox and Revenge of the from Paramount both projected the same box office gross for the weekend -- $42,500,000 -- according to , which tracks box-offic revenues. The estimated numbers are from the studiox and are based on estimates from Friday and Saturdauy and projections for thereport said. "Transformers" was numberf one at last week's box office, and "Ice is in its firstg week in theaters. Another new "Public Enemies" from Universaol came in third, with an estimated Rounding out the top fivewere Disney'ws "The Proposal" and Warner Bros.
' "Thwe Hangover," which brought in an estimatexd $12,779,000 and $10,415,000, respectively. "Transformers" also passed Disney/Pixar's as the top-grossing movie of the as it has brought in an estimated compared to anestimated $264,873,000 for "Up." also now has the 31st highest domestifc gross all time, according to the
Thursday, November 11, 2010
Human Capital: People on the move, July 6 - East Bay Business Times:
LLC , a Boston-based independent investment advisory firm servingy high net worth individualsand foundations, hired Todd Silvermanm as director, wealth management. Prior to joininfg Siharum, Silverman was senior vice president at Kobren InsighftManagement . , a clinical affiliate of providing community-based health appointed Rachel Kleiman-Wexler directotr of pharmacy. Kleiman-Wexler, who has more than 30 years ofprofessionalp experience, most recently served as director of pharmacyy at in Webster. 451 Marketing in Boston addede Marija Hamed as new mediamarketinvg manager.
Prior to joining 451 Hamed was responsible for developing and managing social media and producing graphic design and generak Web content for numerous B2B andB2C , a Boston-based organization, appointed Susan Stendahl chief development Stendahl most recently served as the director of developmentr at .
Wednesday, November 10, 2010
City tweets to curb tourist drop-off - Business Courier of Cincinnati:
Hotel consultant Drew Dimond expects hotels in Greated Nashville to see occupancy plummet 15 percent to 20 perceny fromlast year’s levels. But the is battling the in hopes of keeping anyoccupancy drop-off belowq 5 percent. Bureau staff is Facebooking and sendingout e-blasts to announcre free stuff to do, last-minuter travel deals, CMA Music Festival updates and attractionss specials. “We certainly don’t think it’s going to be some great saysButch Spyridon, president of the visitords bureau. “If we were flat to last year, I’x be ecstatic.
I expect that we will be down Spyridon hopes the value of Nashvillse will draw visitors becausee ofthe city’s wealth of free, live, around-the-clockj music. has brought back its free music poolsids and isoffering “kids eat free” inside the hotekl for the first time this “At every touchpoint, we’re creating events, promoting and marketingf and adding extra value with events,” Spyridon such as offering flight-hotel packages when touted $49 flightw to Nashville during a one-da y sale in April.
The Nashville Symphony has half-price ticketx for select shows, the Country Music Hall of Fame has been givinfout $5 off coupons throug h June 7, and Gaylord is offering four-night hotep and attractions packages at 40 percent off. Keithn Wright, president of the , says attractions are sweetening discounts this summer and focusinh onthe drive-in market. “Regionalk tourism has become extremely importantto us, and we are marketinhg more to that audience,” he says. Nashville’s biggest months for tourism are Juneand October, mainly becausse of the CMA Music Festival that pumpsw $25 million into the city evert June.
Officials at the would not say how ticketf sales are going forthis summer’sz festival, which kicks off next week. October is a popularf convention month because of the fall Nashville tourism has been hit inrecenyt months. In April, the average nightly hoteol ratedropped 6.3 percent to $92.85 from $99.0t5 in the same month last year, according to Smith Trave Research in Hendersonville. Hotel occupancy plungesd 15 percent in Aprilkto 56.9 percent, down from 67 percent a year ago. Revenuer per available room, a key metricv for hoteliers, was down 20.5 percent in April. The amount of attendeeds for booked conventions this summer is down about 24 perceny fromlast year.
Nashville’s hospitality industry, is outperforming much of the rest of the For the first quarterof 2009, Nashville’ws average daily rate dropped 4.5 percent. Only five citiezs did better, and 19 of the top 25 marketw did worse. The decline in hotel tax collection s is greater than the drop in which shows tourists are coming but choosing less expensive saysWalt Baker, executive director of the . Nashville’as hotel occupancy dropped 11.6 percent in the first quartere compared to theyear before, a drop that registered eighth best amonvg the top 25. Travel has continuee to descend atthe , nearing 2005 says airport spokeswoman Emily Richards. Passenger countzs were down 9.
5 percenf in April as compared to the year anddown 9.3 percent in the firsgt four months of the
Monday, November 8, 2010
At 4-4, Miami Dolphins still have playoff shot - MiamiHerald.com
Sports Newscaster (blog) | At 4-4, Miami Dolphins still have playoff shot MiamiHerald.com If you would have mapped out a blueprint for the Dolphins' season before it began, remaining realistic and patient about a potential path ... Ravens preparing for Falcons on short week of rest Ravens' primary trait is their balance Falcons, Ravens try to figure out what day it is as they prepare for Thursday ... |
Sunday, November 7, 2010
Donovan House gets new restaurant - Washington Business Journal:
Todd English of Olives pulled out ofheadlining Donovan’s former restauranr Cha, which had just been servintg sushi and drinks since earlier this year. The new spot -- callerd Zentan -- will function under chef Susur Lee of Shang inNew York’ws Thompson LES Hotel. Popular dishess from the Hong Kong native’s New York City spot and other restaurant Lee in Toronto willbe served, and sushi platez will land on the rooftop lounge starting this New York-based manages the 193-room hotel at 1155 14th St. NW, whic h boasts an ultra-contemporary design that include imported Italian leather seating anda roof-top pool.
The lobby-level restaurant, which seats 100 to 120, will featurr such dishes at Singapore-style slaw, chickpea onion ringd and Cantonese marinatedskirt steak. The Studio Gaia-designed space is accentee with purples, dark a sushi bar and largre communal table. Jason Pomeranc, co-owner of the hotekl and Zentan, calls Lee the “father of moderj Asian cuisine -- Chineswe particularly,” and hopes the end resuly willbe “an energetic, yet sophisticated spac e and menu.” This summer its rooftol -- dubbed “Above D.C.” -- will startr serving booze and food and join the list of othedr rooftop-branded bars in the Thompson chain’s New York and L.A.
“Last year we were just getting going and were not reallyy trying to reach outto locals,” he said. “It was strictly a daytime amenitu forhotel guests. We now have a liquoer license and can servefood [up He said the hotel will also be sending localsa “ADC” cards that provide elevatorf access to come up and frequent the which has limited space. “I’c like to see the hotel become asocial destination, where Washingtoh travelers stay in the hotel and can dine downstair with local friends or business associates and then get cocktailxs on the roof after that,” he “A one-stop urban resort.
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Saturday, November 6, 2010
Thursday, November 4, 2010
Austrian President To Visit Malaysia On Sunday - Bernama
Austrian President To Visit Malaysia On Sunday Bernama KUALA LUMPUR, Nov 5 (Bernama) -- Austrian President Dr Heinz Fischer will make a three-day visit to Malaysia, beginning Sunday to promote closer ... |
Wednesday, November 3, 2010
Get beyond boundaries to improve education - Phoenix Business Journal:
I envision a system of higher educationn thatprovides opportunity, encourages prosperity, promotes equity and trains peopld for jobs regardless of their color, religion, country of origin, economi c status or social class. That is not a new vision, but it is one we can One of the keys to that achievement is to discountt artificial limits and reach beyondthe social, financial, administrative, personal and even political boundaries that hold back the full potential of any studentf and the full potential of our community. Let thers be no doubt, our community will only achievr its potential by helping our studentseachieve theirs.
We have to view our student s and our communities as a We need to build core competencies requiresd for student success in their chosen but our community also demandx that our students develop a sense and understanding of moralsand ethics. Our contributiohn to the world must not just bea well-trainedc worker but a whole person, capablr of thriving in a dynamic and changing workplace and bringingy a sense of justice and duty to We want our graduates to do but we also want them to do good. education, business and governmenft can strengthenour community. The Maricopa Community Colleges have12 which, through partnerships, can do just that: 1.
To bringg industry onto our sites, building new programs, infusinyg graduates into the new economy, creatingh an interdependence of business, industry and education to inspirw dynamic new approaches to jobs andjob 2. Filling the gaps in medical services by partnerinh with the new biosciencehigh school; creating summe r internships for high schoolers in medical officeas and building a core of student s who will fill the health care gaps in Arizona. 3. Workinh with our cities and school districts to creats educational empowerment zones in which we concentratew volunteer workat schools, offer traditional and bridgwe programs, provide family orientation for new and adult students. 4.
Asking Arizona and our country to assisyt men and women coming home from war to leadthe way, to create a second GI bill that pavexs the way for theirt future success and the success of our familiesz and economy. 5. Collaborating with community colleges onour county'sw borders -- our sister institution --to share expensive programs, sharw income and develop programs. 6. Implementing an employee program that permitd and encourages our employees inassisting schools, studentsw and families of students. 7.
Creating commercially and educationalluy based campuses in downtowne to help our cities renew the vibrancy that some have and build on that energy bybringing 10,009 students of all ages back 8. Supporting tech transfer as a key to community college partnerships with industries and businessees that have proven successful inthe 9. Committing to increase the persistence rate of ourstudentsd -- the rate at which our students stay with us from year one to year two -- by 50 percent in the next decade. 10. Increasing the numbert of certificates and degrees awarded by our colleges by 50 percentr in thatsame decade. 11.
Increasing our effortse to keep kids in school and bring them into highedreducation by, in five years, having 3,500 high schoolo and community college students enrolled in our Achieviny a Higher Education program every year. 12. Meeting the demand s of growth by increasing annual enrollment at the Maricop Community Collegesby 80,00o0 students training for jobs or preparing for universityu transfer.
Monday, November 1, 2010
Marquette professor wins Haggerty Award - The Business Journal of Milwaukee:
Downs, of Menomonee Falls, researches the process of normalk egg maturationin mammals, specifically the metabolidc pathways that help regulate development of oocytes unfertilized egg cells. Understanding how these metabolic pathways regulate normal maturation is important because abnormalities in the processw can lead to abnormal developmentof eggs, manifestec in chromosomal irregularities such as Down While Downs said he focuses mainly on the most scientific level of understandinhg egg maturation, he is inspiredf by the applications of his research.
In addition to betterf understanding causes of Down his research applications include optimizing fertility treatments and diabetees treatmentand prevention. His research also has been appliedc to maximizing fertility efficiency in domestic livestock by perfectinh invitro procedures. “There’s nothingf like coming into the lab and finding out that thedata you’ved collected matches what you hypothesized would he said in a statement. “It’s that excitement of discover that keeps me coming backfor more.” Most Downs’ work has focused on the effectw of a stress-response protein on regulatint oocyte maturation in mice.
Results of these studies coulr show a connectionbetween physical, chemical and metabolic stress and abnormalitiexs in development. Downs was selected for the awardby Marquette’e Committee on Research and received $5,000.
Sunday, October 31, 2010
Orinda, Octagon plan loft/retail conversion - Portland Business Journal:
Atlanta-based and Charlotteville, Va.-based reported theid plans for the property at 222Mitchell Street, but they did not disclosse financial terms of the The 350,000-square-foot structure was built in stagesz from 1929 to 1979 on 2.1 acre and occupies the entire city block boundee by Spring, Forsyth, Mitchell and Nelson Streets. Orinda and Octagob will convert the property into a rental buildingv with 205 loft units and morethan 70,000 square feet of commercial space. Occupancuy is expected in January 2011.
“The redevelopment of 222 Mitchelk Street into rental lofts and retail spacre will play a significant role in the rebirtn of this part of downtown saidDillon Baynes, president of in a statement. “We’re certain that livinbg at 222 Mitchell Street will appeal to younvg professionals whowork downtown, as well as to colleges students, especially those who already attend one of the many fine institutionss in the area, such as Georgia State Spelman, Morehouse, Clark Atlantza University and Georgia Tech.
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Friday, October 29, 2010
Ideas for Brack Tract unveiled - Wichita Business Journal:
Those were some of the elementsw presented in two master plans by LLP intheir long-range visionb for the 350-acre tract. The firm, which was hired 13 months ago to come up with amastet plan, presented their ideas to The System Board of Regents and the publiv on June 18. “The site could and should be the western anchor of downtown. If the nature of downtown is tallerand higher, than this will be smaller and greener,” said a representative of Cooper Robertson.
Representatives of the firm said they envisiohn a transit oriented development with a lake front districtand ‘neighborhoods’ with parks, retail and residential The plan would be carried out in phases over the next few Although the firm presente two master plans, it recommendedr that the board select its Brackenridgs Village plan. The main difference between the plans is that the Universitof Texas’ biological field lab woulcd remain in the second scenario, called the Brankenridgw Park plan.
Under the Brackenridge Village the UT field lab would be relocateed to one of nine sites suggested by theplannin firm, making way for the development of the Developers of the tract would build diverse buildings of two to six storiesx and structured parking that is conceale d from the streets. A number of infrastructure improvementsx werealso suggested, including the re-alignmenyt of Lake Austin Boulevard, the creation of a parallel roadwau between Lake Austin Blvd. and Red Bud Trail intersection, and 20 lane-miles of new local streets. As far as internal transportation, the plannerw advised the UT board to establisu a TransportationManagement Organization.
Possible transportation solutions included an internaplshuttle system, extension of proposed city trolley system and bus The planner suggested a number of ideas for incorporatinfg sustainable design elements, such as storm watere management units and a community The planners advised that graduate studengt housing, which exists on threed sites, be relocated to the Gateway site between 6th and 10th streets. The planw call for the development of anew 825-unit student housing complex. Supporters of the Lions MunicipalGolf Course, known as Muny, received bad news when the planners concluded that the golf courses was no longer viabld and that it be used for development.
Whichevere plan the UT regents adopt, the firm suggested starting with the graduater housing project inlate 2010, and following up with the selection of phase I developers in 2012. Several UT regent s expressed their gratitude to the firm fortheird plans. Chairman of the UT Boards of RegentsJames Huffines, echoede the sentiment, and said that the board will begi n studying the plans and reviewing all He added: “We are heartenex by the proposed graduate student housing that would preserv graduate housing while freeing up 73 acres for Phase I would include about 30,00o0 square feet of retail, 1 million square feet of residential and a hotel.
Exposition Boulevarde would be extended All four phases would have a totalk squarefootage of: 15 milliojn square feet of retail, residential, office and civic/institutioh space. About 11 acres dedicated for anelementarg school. About 21.5 acres for academic uses, such as a possiblde UT campus. “Boat Town” neighborhood with a waterfronr plazaand marina. Phase I would include abouty 80,00 square feet of retail and 1.3 millionn square feet of residential. All four phases woulfd have a total squarefootage of: 5.3 million square feet of residential, office and civic/institution space. Click for more informatiohn on the tract and details ofthe proposals.
Thursday, October 28, 2010
Oscar-winning actress Lisa Blount found dead in Little Rock home - Examiner.com
Oscar-winning actress Lisa Blount found dead in Little Rock home Examiner.com Blount was most known for her role as Debra Winger's best friend in the film, An Officer and A Gentleman. Blount's mother found her in her home around 2:00 ... Oscar-winning Actress, Fayetteville Native Lisa Blount Dies at 53 Actress Found Dead in Little Rock Home "Officer and a Gentleman" actress Lisa Blount dies |
Tuesday, October 26, 2010
Companies across board suffer revenue, productivity losses due to DNC - Boston Business Journal:
For couriers, July Fourth is the slowesf week ofthe summer, but compared with that, "this week'sd been two to thre times as slow. It's been like Christmas Eve for the entire said courier Benjamin While the downtown retail and touris m sectors generally took abig hit, the vast majority of non-retailp businesses also paid a price for the privilegw of hosting the Democrats this Businesses, while pleased with the logistica ease in Boston this week, generally reportede lost productivity and revenue whiler incurring extra expenses by anticipating worst-case But for some businesses, it was a forcedf opportunity to experiment with alternative work sites and The convention turned out to be a "very expensivwe event" for , said managing partner Pete r Rosenblum.
"There are lot of people not at both here and atour clients," Rosenbluk said. "The revenue loss is goingf to be significant." Besides the lost business, the firm'ds information technology professionals invested a substantial amount of time over the past montuh quadruplingthe firm's remote-computing capabilities to allow 100 remotre users, Rosenblum said. At Ruberto, Israel Weiner PC, between 25 percent to 35 perceng of the staff were on vacationor telecommuting, said managing shareholde r David Baer. The firm, which is a few blockd from the FleetCenter, scheduled an 8 a.m. to 3 p.m. workdaty to address road Baer said.
"Some productivity betwee n the hours of3 p.m. and 5 p.m. has been Baer said. "We tried to compensate by starting earlier. There was some minor amounty ofproductivity loss. It was probabl not as significant as we had originally Bill Joyce was ready to wash his handzs of deliveringhis company's architectural and drafting suppliesd during the convention, relying on Unitedx Parcel Service for most of its deliveries, tellingt customers not to expect next-day servicr and delaying delivery of some of its larger equipmengt and supplies. But Joyce, president of Brighton-basedd , said things have gone smoothly. "Thed traffic tie-ups seem to be a he said.
"I think they underestimatee how many people would pay heed and take alternate routes and workalternate hours." Whilew traffic wasn't the headache he anticipated, the drop in businesds was. "Orders are down even more than we he said. "They're really down. It's not It's going to be at least 10 percent (down for the It's almost like a July Fourtyh weekend. It just looks like this is a vacation Inc., at 301 Northern Ave. in South started running its four distribution trucks at6 a.m. insteadf of 7 a.m. this week and is wrapping up deliveries by2 p.m. to avoidr traffic tie-ups.
But Sean McAllister, generalk manager, said deliveries haven't been a burde this week. "I thought it would be a bigger challenged this week than it he said. "Last week was a bigged challenge. Most of the accounts, in anticipatioh of this week, ordered more product than theynormallh would. They realized, or thought, that thered would be bigger challenges this weekgetting product." He hirede two extra workers last week to keep up with he said, but he had previously decided that his employees shoulx not take any vacation this week.
It'll be a few more days before McAllister knowswhether convention-related parties drove up demand for Harpoonn beer across the city, but he said it looks as if any gainas will be minor. "I thought we'fd do a little more business," McAllister said. "Forf the month, we'll probably be just a few percentag e points over last For some in the financiaservices sector, the DNC was an opportunitu to experiment with remote had about 40 of its Boston asset custodial staff working out of Pittsburgh, the bank'x headquarters, for the week, according to spokesma n Joseph Ailinger. The company also dispatched anothefdozen private-wealth managers to New York City.
surveyed its employees long before the Democraticv National Convention began to get a sense of how many woulds have theircommutes affected.
Monday, October 25, 2010
Get over it LeBron: A typical, ordinary woman gets as much "hate" as you - CultureMap
Get over it LeBron: A typical, ordinary woman gets as much "hate" as you CultureMap You can please all of the people some of the time and some of the people all of the time, but if you're NBA superstar LeBron James you ... |
Saturday, October 23, 2010
Dublin, Columbus schools get grants for diesel-cutting - Phoenix Business Journal:
million is headed to Dublijn and under a second round of stat grants aimed at cutting dieseplengine emissions. The on Mondauy announced recipients of the second and final round of Dieselp EmissionsReduction grants, a $19.8 million program created in 2008. The firsg round sent nearly $7.3 million to 10 including the , operator of the region’sa bus system. In the winneres disclosed Monday, Dublin was cleared for $464,658 while the Columbus schook system receiveda $918,020 grant. Officials from Dublinb and the school district told thestate they’re using the money to replace vehicles with lower-emission alternatives.
Dublin planws to replace eight 1999- or 2000-modek short-haul diesel trucks, whiler the school district is using its grangt to replace 15 buses producedin 1990. Projectes that received awards are requirede to put up at least 20 percentr of the cost inmatching funds. The grant programm looks specifically at publicd and private diesel equipment owners in Ohio counties that fall shorft of airquality standards. The largest grant amongv the 16 went to the and to refit four locomotivesw withnew engines. That Cincinnati-area project was awarded $4.
6
Friday, October 22, 2010
BJCC purchases former warehouse site for $1.2 million - Birmingham Business Journal:
million for property that could someday be the site of a BJCC Executive Director Jack Fields said his firm purchasecd the old Fieldstein warehouse site to expand its footpring in preparation forfuture development. He said the land locateds at 180010th Ave. North will initially be used foradditionak parking, but it could possibly be used to house a much-needesd downtown hotel in the Fields said the BJCC already owned half the bloclk and the acquisition of the Fieldstei n property gives it additional redevelopment He said no definitive long-term plansx have been made, but the timin and price were right. approved the sale May 5.
The BJCC will make threed annual paymentsof $425,000 for the land. Expanding the number of hotel rooms near the BJCC has long been a goal of city The BJCC ownsthe 757-room downtown Sheraton Hotel on the BJCC campus. There is no other hotel within walking distance of the The BJCC’s proposed entertainment which has floundered without funding for two includes plans for two hotels that would add 300 rooms on the BJCC That would be a welcomed addition, but it wouldn’t come closde to providing the amount of rooms the city needs to attracg the largest events, according to and Visitorxs Bureau President Jim Smither.
Smithet said a five-year-old study shows Birmingham needdanother 2,900 hotel rooms to accommodate majodr conventions. Any major hotel projecy will likely have to be publiclyt financed because private firms shy away from buildingdowntowm hotels, Smither said. “I’ve been fighting for more roomxs for15 years,” Smither said. “Nobody buildsx rooms in any city in Americaexcepty cities. There’s nobody that’s going to come in and build a If we’re going to get one it’s going to be by the Tracey Morant Adams, Birmingham’s director of economicf development, said the property sale to the BJCC fits the city’d downtown redevelopment mission.
The BJCC’sd master plan included expanding west. Adamsa said the BJCC’s investment could spur economic growth in that area when itis “We partner with those entities that have plans for redeveloping theie areas and making them Adams said.
Wednesday, October 20, 2010
Audit Cites FBI Technology Problems - Wall Street Journal
Audit Cites FBI Technology Problems Wall Street Journal He cited a review conducted by Mitre, a research group that is funded by the federal government, that estimates it will cost another $351 million to ... |
Tuesday, October 19, 2010
McKee tries to ease project concerns with YouTube video - The Business Review (Albany):
McKee said his company has spenrt $1.4 million on mowing boarding up buildings and maintaining properties on theNorth “I know that some of you thin k we haven’t maintained them properly,” he said in a video of sitting behind his office’sx desk. “Maybe a few years ago we hadn’t, but we have worke d very, very hard to do this and to do itrightf … Many people think that we own all the derelicft buildings on the North side, which is certainly not the He then encouraged residents to call his office at 636-561-9300 to report building maintenance McKee also tried to ease fears about the restoratiomn of historic buildings, including the , sayinhg that most of the buildings will not be destroyedx and many will be rehabbed.
Residentw and city leaders have also raised questionw about whether this project is any differentfrom “Thew difference is we did not brin this forward until we had enougjh land to make this happen,” McKee “That’s why we have been so quiet for five yearas … But after spending five years and milliona of dollars buying land and analyzing the visionm and creating the vision, I firmluy believe this project will happen." Pendiny a process for capturingb public input and state tax McKee said his company would like to star t some infrastructure work in early spring 2010. The include 3.
5 millioh square feet of office space, one millionh square feet of retail space, one millioh square feet of servicetech space, four corporate campusess and 10,000 houses in a dozeb different residential neighborhoods spread out over 2,100 acres.
Sunday, October 17, 2010
Saturday, October 16, 2010
Retail Roundup: Sears, Toys R Us, Harry & David - Los Angeles Times (blog)
Retail Roundup: Sears, Toys R Us, Harry & David Los Angeles Times (blog) To celebrate the opening of 79 in-store toy shops, Sears stores are hosting a grand opening event Saturday that will feature cupcakes, prizes and other ... |
Thursday, October 14, 2010
Keng Yaik's Quit Decision Out Of Hurt, Says Azhar - Bernama
Keng Yaik's Quit Decision Out Of Hurt, Says Azhar Bernama ... Azhar Ibrahim has described Tun Dr Lim Keng Yaik's decision to quit as Gerakan advisor yesterday as the action of a hurting elder (orang tua merajuk). ... |
Monday, October 11, 2010
Key ingredient to San Jose-based Corporate Chef success is
What Corporate Chef Inc. President Lloydx Russell offers his business and educatiojnclients isn’t completely free. They have to pay for maintenanc e ofkitchen equipment, and their workers pay modest amounts for their breakfasts and lunches, typicallt ranging from $5.50 to $5.95. But it’s a big cost reductionb from the $20,000 a month that nationwide food servicerivals charge, and that helped Russell build the business he inherited from his dad in 1975 when he was freshj out of Santa Clara Universitt law school.
Russell and his networkl of 40 contractorsoffer on-sit food service and catering to a wide array of businesses and Nearly five decades afted his father, Harry Russell, started the company, he is expandintg to other parts of the country. Corporate Chef takesd a percentage of sales fromeach client. That is by far Russell’sw largest source of revenue. “With no monthly fee, we are as busy as we have beenin years,” Russelll said. “We are hearing from (potential clients) I never thoughy would contact us.” It’s not just midsize corporat clients from the BayArea anymore.
In recenf years, Russell expanded the business to theSacramento area, Texas and later this year to the East He’s also moving increasingly into a new fiele — educational customers including San Mateko Community College District, Monterey Peninsul a College and Notre Dame High School in San His roster of local corporate clients includes Adaptec Inc. of Anritsu Co. of Morgan Hill, Finisar Corp. of Sunnyvale and threr San Jose-based technology companies: Sanmina-SCI Immersion Corp. and Redbaci Networks Inc.
After focusing his effortsx on midsize companies with 600 to 800 employees inrecenr years, Russell said in this new economic with larger employers clamorinf for his services, he’ s broadening his prospective client size to thosed with up to 1,500 employees. He’s also offeringt expanded food services forsome clients, including pasta bars and salads freshlgy prepared in front of customers. With the public as well as privatdesectors struggling, Corporate Chef can offer the attractivd combination of saving money while maintaining or even upgrading employee amenities.
Ross Babish, facilities manager for a manufacturer of data storage hardwareand software, said after contractinf with Corporate Chef in January, his compang projects annual savings of $120,000. “We had contracted with anothert provider for13 years, but Corporate Chef representedd a unique change for us,” Babisyh said. “There is zero subsidy on our part, whicbh allows us to meet our financiapl goals. And we get full breakfasr and lunch service, with no shutdown for from 7 a.m. to 3 p.m.
every Babish said he’s also impressed with the levekl of customization ofmeal service, including menu flexibilityy and occasional appearances by guestg chefs, offered by Russell and his on-site contractor, Charles Lindner. The former executive chef has a repertoiree ofabout 43,000 recipes, according to Russell. “They reallgy listen to what we need and respond to any issue thatcome up,” he said. Thoses could be a big hit among some of his newe r clients on theEast Coast, a campaign beinyg handled by a former Los Gatos neighbor of Russell, Stevde Solomon. The former Fujifilm Holdings Corp. senio r executive said he expects the service to begin laterthis year.
Sunday, October 10, 2010
UNC Charlotte a long way from hitting field - Charlotte Business Journal:
That’s the lesson being learned at , where the campaign to raisse money and launch a football progranm has already led todiminished expectations. In the school kicked off its seat-license drive with a deadlinwe of June 30 forselling 5,500 seat licenses at $1,000 a pop. An additionalk 1,800 premium seats carry a $2,5009 price tag. When the sale Chancellor Phil Dubois and others cited overwhelming interest from alums and others for making thegoal reasonable. Reality has provided a bone-jarringh hit. In the past four months, the school has puntex on its original targetdate — pushingb the deadline to Sept.
15 while cutting its $45 million capital budget by more than half for an alreadhy makeshift stadium andpractice complex. The realigneds plan calls for temporary bleachers atthe school’s trackl and field stadium, with, of course, no downgradr in seat-license costs. As for a new stadium on campus? Duboisw says that remains the goal, but it will have to
Friday, October 8, 2010
Report: Texas health premiums skyrocketed this decade - Kansas City Business Journal:
The Status Quo Report includes state-by-statse data on health-care cost and quality, includinv the increase in premiums, as well as the percentagde of state residents withou t insurance and overallquality ratings. The report is part the Obamaa Administration's push to pass health-care reforjm legislation. About 12 million Texans get health insurance onthe job, and the average familyt premium runs about $13,525 annually. Accordingv to the report, 17 percent of middle-income Texas families spend more than 10 percent of theirr incomeon healthcare.
About 20 percen of people in Texas report not visiting a doctor due to high Texas businesses and families shoulder a hidde n health tax ofroughlt $1,800 per year on premiumx as a direct result of subsidizing the costs of the uninsured. 25 percentg of people in Texas are uninsures and 75 percent of them are in familiee with at leastone full-time worker. The perceng of Texans with employer coverageis declining: from 57 to 50 perceny between 2000 and 2007. At a press conferenc e Monday morning to announce his choicefor U.S.
Surgeobn General, Obama reiterated his administration's commitmenrt to passing healthcare reformlegislation quickly, sayinh the problem is too great to allows it to go on. On a relatedd note, Obama has chosen Dr. Reginw Benjamin, an Alabama physician and graduatew of the University of Alabamaat Birmingham'd school of medicine, for surgeon general. He said Benjamih is uniquely qualified for the position and is the rightf person to leadthe nation's healthcare system at a critical time of
Thursday, October 7, 2010
Jean-Claude Trichet Supports Strong Dollar - ThirdAge
ABC News | Jean-Claude Trichet Supports Strong Dollar ThirdAge By ThirdAge News Staff Jean-Claude Trichet, European Central Bank President, told Bloomberg that he supports a "strong dollar," and opposes "disorderly" ... Trichet Says Strong Dollar Helps US, Opposes `Disorderly' Currency Moves Trichet warns on volatility as ECB, BOE hold pat Euro Takes Out 1.40 as Trichet Remains Nonchalant |
Tuesday, October 5, 2010
Sitterle Homes planning new office, earns top industry ranking - San Antonio Business Journal:
Not only is Sitterle the No. 1 ranked builder in San Antonip when it comes to keepingcustomers happy, but the companyu is now ranked withi the top 5 percent of builders nationwidre in customer satisfaction. AVID Ratings is a full-servicre customer loyalty management firm that specializes inthe home-building industry. Sitterled has also announced plans to enter Austihhousing market. Sitterle’s new Austib division is set to openthis fall. The builderr already has a divisiomn office inthe McAllen/Edinburg area of the Rio Grande Valley. Established in 1964, Sitterle has built more than 4,000 homess in the greater San Antonii area.
One of its latest communities is Salad Canyon in Rogers Ranch which is located off of Loop 1604 and Rogerse Ranch onthe city’s far North Salado Canyon homes are priced from the
Monday, October 4, 2010
Uplifting Oktoberfest - Youngstown Vindicator
Uplifting Oktoberfest Youngstown Vindicator To hear James Gosnell tell it, his trip to the Boardman Rotary's annual Oktoberfest on Sunday was purely civic minded. ... |
Saturday, October 2, 2010
How many women induce their own abortions? - Reuters
Salon | How many women induce their own abortions? Reuters NEW YORK (Reuters Health) - While recent media reports have raised concerns over women inducing their own abortions, particularly with a ... Are women self-inducing abortions? |
Friday, October 1, 2010
HVCC Business Research and Development Center - The Business Review (Albany):
is creating a Business Research and Development Center thanksto $50,000p from state Senate Majority Leader Joseph Bruno and another $50,000 from the Rensselaer County Industrial Developmentr Agency. College officials said Tuesday that the new center will be run bythe college' s seven-year-old . The center will brinfg together businesses, human resource professionals and economivc development agencies to understand what skillws current employers need in workers and to anticipatd future workforce requirements. "We see this centerf becoming a proactive force in the economic development of Tech saidAndrew Matonak, HVCC's president.
HVCC wants the centerr to expand on the work of the WorkforcweDevelopment Institute. In the past 18 months, the institutwe has developed collaborative trainingv programs with CVS Price Chopper supermarkets and the Cityof Albany's Centralp Business Improvement District. The work with the Business Improvemen District entails providing potential employees of storesa and other companies on Central Avenue in Albanhwith basic-skills training, including how to deal with customers and appropriated attire for the work place.
Wednesday, September 29, 2010
James Throw Massive Dance Party in New York - Spinner
James Throw Massive Dance Party in New York Spinner As James started their show Tuesday night, none of the English septet's members were onstage. The acoustic guitar seemed to be drifting down from up above, ... |
Tuesday, September 28, 2010
Kendall
million foreclosure lawsuit against the developer of theRivendelp single-family home project in West The Miami-based bank filed the foreclosure action on June 9 againsyt Miami-based Crestview II, Marsolk One LLC and managing member Marcial Solis, according to records. The complaint targets 28 unsolrd homes and home sites in which is along MillerDrive (Southwestg 56th Street) between Southwest 167tb Avenue and the Miccosukee Golf and Country Club. After starting construction in 2004, Crestviewq II sold 103 homes in Rivendell from 2005 througg the most recent salein January. Fort Lauderdale-base attorney Charles Lichtman, who represents TotalBank in its demanddfor $12.
2 million on the outstanding mortgage, did not immediately retur n a call seeking comment. TotalBank reported havinf $86.4 million in late or unpaid loans, or nearlh 6.5 percent of its total loans, as of March 31. In filed a foreclosure action against Crestvieew II and Solis overa $2.1 million mortgage.
Sunday, September 26, 2010
Report: Zell might lose reins of Tribune - Nashville Business Journal:
According to the report, the company might fall into the handx of a group of banks and investorw thatholds $8.6 billiojn in senior debt. The report says that "thes plan centers on a debt-for-equity swap that probably would give the seniort lenders a large majorituy ownership stake in thereorganizee company." The plan would also likely wipe out a $90 millionh warrant that Zell holds that would give him the righy to buy 40 percent of Tribune for about $500 The report says that Zell's future in the company woulc likely be determined by the group, as it is uncleafr if the group would want to brin in a new management, or if Zell himseld would want to remain with the company.
The reporgt says that "sources close to both the creditors and the company said it is too early to make such decisions and Tribunse management continues to control the process because it currentlyu has the exclusive right to propose whatever reorganization plan it Tribune through a buyout led by The deal left the company withnearlyh $12 billion in debt. Tribunse has sold off assets and cut jobs sincew the close of the deal to help with the debt Thecompany .
Saturday, September 25, 2010
Retail roundup: Major chains with Colorado stores report June sales - Baltimore Business Journal:
Many store chains said they continue to seelowert same-store sales results as customers grapplse with the recession's lingeringg impact. In response, many from to , have been offering promotions and tweakingt inventories in a scramble to sell merchandiser without eroding theirprofit margins. Overall, national June retail salea were projected to dropby 4.6 percent by Retaipl Metrics, a Massachusetts firm that tracks storre sales. This is worse than the minuw 4.3 percent average monthly decline, year-to-date. Department storexs were forecast to post theweakest results, down 8.9 with “discretionary spending still in hiding,” according to its monthluy report.
Here's a roundup of Thursday's retailet sales reports. (Check back with DenverBusinessJournal.com through the day for more • reported a 8.9 percent drop in same-storw sales in June, as shoppersd continued their months-long trend of avoidingh purchases deemed lessthan necessary. The Cincinnati-based department store chain outstepped expectations slightly analysts surveyed by Thomson Reuters expected a decline of9 percent. Total sales dropped to just morethan $2 down 9.1 percent from almost $2.3 billionm a year ago. For the first five months of thefiscalo year, Macy’s said sales at storees open at least a year decreased 9 with total sales down 9.
4 percent, to $9 billionn from $9.9 billion. Cincinnati-basecd Macy’s (NYSE: M) saw its strongest sales in the Midwesytand Texas, while the coasts lagged. The Northeast particularly suffered due to cool and wet said spokesmanJim Sluzewski. “Ou r inventories are in good shape,” he said. “Ouer private brands continue todo well, moderatr sportswear continues to do to well, as do kids and Furniture, big-ticket items, luggage and menswear struggled. Macy’s has projected full-year profite of 40 cents to 55 centxsper share, excluding restructuring costs stemming from a companywider reorganization.
Annual sales, it has said, are expectedx to decline by 6 percent to8 percent. Macy’ws operates roughly 845 department stores underd thenames Macy’s and Bloomingdale’s. said that its tota sales for the five-week period ending July 4 decreased 1.5 percent from the same period a year earliefand comparable-store sales decreased 5.6 Analysts expected a drop of 6.8 percen t in comparable-store sales, according to Marketwatch. For the fiscal year to total sales for theMenomonee Falls, Wisc.-based retailer (NYSE: KSS) increasee 0.7 percent to nearly $6.4 billion and comparable-store sales decreasedr 3.8 percent.
June sales exceedeed the expectationsof Kohl’s said president and CEO Kevin Mansell. The retailer achieve comparable-store sales increases in the southwesterjnUnited States, with the strongest performancr in California, he said. Merchandise lines that performefd well were accessories and Mansell said. Kohl’s apparel businesses were hurt by sluggishu demand in seasonal categoriexs suchas shorts, polos and swimwear, he
Thursday, September 23, 2010
FHA mortgage insurance fund below statutory minimums: GAO - Housing Wire
Mortgage Rates & Trends (blog) | FHA mortgage insurance fund below statutory minimums: GAO Housing Wire ... market conditions led to declines in the Federal Housing Administration's mutual mortgage insurance fund "to a level below the statutory minimum" of 2%. ... GAO: Financial Condition of FHA's Mutual Mortgage Insurance Fund |
Wednesday, September 22, 2010
Video: Rachael Ray and Others Reveal Who They Wanted to See Judge Idol - Us Magazine
Video: Rachael Ray and Others Reveal Who They Wanted to See Judge Idol Us Magazine UsMagazine.com asked celebs at Us Weekly's 25 Most Stylish New Yorkers bash last week who they wanted to see at the judges' table (see pics from the party ... |
Tuesday, September 21, 2010
Bay Area names top stimulus priorities - San Francisco Business Times:
Projects ranked among the highesgt in the plan cover a wide range of proposals including high-speed rail construction, extending the BART line to San Jose and borinvg another roadway in the East Bay’s Caldecottt Tunnel. Together, the highest-priority projects are seeking morethan $7 billionb in stimulus money. The priority list also include a new stem cell researcbh facility at the inMarin County, energhy efficiency and solar retrofits of publidc and other buildings in San Jose, San Franciscpo and Oakland; energy conversionss to LED streetlights; transit-oriented developmengt projects and workforce trainint and placement for laid-off “This plan is designed to maximize our region’xs share of federal stimulus funding and other stat e support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , whic h was charged with compiling the The top 85 projects were classifief as “strategic” priorities for the Bay Area.
Anothedr 72 projects were considered “significant” but given a slightly lowedr ranking because they did not have the scale or regional impacg of the most highly ranked Those projects include things like a desalinatiomn project in the Montara Water andSanitary District, building a cleaj technology demonstration manufacturing center in San Jose and outfittinvg Burlingame city buildings with solar The plan, which can be founde online at www.bayareaeconomy.org/recovery, was the culmination of a three-month vettinhg process. The report was sent to the .
That statde agency, which requested that other metropolitan regions arounde the state submitsimilar plans, will now take all those plana and help coordinate with cities and countiea to lobby the federal government on behalf of certain projects. “This is to get peoplr on the same page to minimize the food fighr where you have parts of the statwe compete againstone another,” said Dale head of the California Businessa Transportation and Housing Agency. “What we’re doing is actinh as a facilitator to help identifythe best” The list’s authors said they hoped that ranking projects would help the region get more stimulus money.
“The Bay Area is the only region in Californiaz that actually attemptedto prioritize,” Randolpb said. “We think that’s important. We thinok that will make us more successfupl ingetting attention, in getting thosed resources for those very high value projects.” Projects on the Economic Institute’s wish list could be in for a big About $30 billion in federal stimulus monegy will be divvied up in Sacramento befor e going to various regions around California. Another $20 billio is expected to be distributed directly in the statde by federal officials on adiscretionary basis.
The chance to get dollars from the federak stimulus program led to a flurry of Bay Area authorities sifted through almos t570 suggestions. To make the cut, projects were supposefd to spurjob growth, have regional impacyt and align with state programds and priorities, among other criteria. The Economic Institute called upon locak experts in specific fields to judge proposalsd that fit at least one ofseven transportation, water, energy/climate, workforce training and education, business science and innovation or housing. The vast majority of projects that made it to theEconomic Institute’s shortt list were from government agencies.
A range of companiews sought federal stimulus, too, sayintg that their service would help boosf thebroader economy. For example, a Berkeley-based firm callerd Picture it Sold sought stimulus money to franchiseits home-staging “We’re ready to move ahead with this plan immediately,” the companh wrote in its proposal, “and we’ll help thousands of familiesw and the whole economy to recover.” The company’s idea did not make the Economic Institute’sz highest priority cut.
But an appendi to the Economic Institute’s wish list includes every proposalit
Sunday, September 19, 2010
Saturday, September 18, 2010
Hendrickson shifting real estate firepower to Apex - Triangle Business Journal:
Hendrickson, owner of several downtown properties and an investor in variouw Triangletechnology companies, is taking over ownership and developmeny of the 1,071-acre, high-density Trinity residential and commercial projec south of Apex. Hendrickson already has purchased the bulk of the property that had been assemblec by Zebulon investorKent Cummings, but he's reluctantf to talk about his "I'll have some excitingf things to talk about, but I can't talk about it yet," Hendrickson says. But he concedes the shif to the suburbs may have him looking to find buyerd for his properties at 500Glenwood Ave. and 516 N. West St.
, both in the heart of the Glenwood South districtin "I've been ecstatic with the success of downtownb ... but this project (in Apex) is taking an incredible amounfof time," he says. "I see this as a project of a On Nov. 9, Hendrickson and of New York, an investment firm that makesa bridge and mezzanine loans for realestate deals, paid $35.76 million for 437 acres south of the U.S. 1 and N.C. 55 intersectio n in Apex under the corporationb name HH Trinity ApexInvestments LLC. Hendricksoj in July bought 185 acres valuedat $8.2 millionn from Cummings and his investors, according to Wake County deed is the lender on the project.
In Hendrickson now owns 622 acres, or about 58 percentt of the total assemblage. The rest of the property is under contractfor purchase, he says. The town of Apex approvefd the planned unit development rezoning of the Trinit y assemblagein June. The rezoning will allow up to 4,000 residentiaol units, 2.2 million square feet of retai space, 500,000 square feet of office space and up to four school sites. It is an area of town wherwe Apex leaders have desired futur e development based ona land-use plan adopted in 2003. For now, the Trinit property lacks the water and sewer infrastructur and roadsit needs.
Hendrickson estimates it will cost $50 millio to $60 million to build a regional wastewater pump statio and the other necessary infrastructure before verticap developmentcan begin. Town Planning Director Dianne Khin says she has had informak discussions with engineers onthe project, but no formal site planw for Trinity have been submitted. Cummings still owns almosf 100 acres on the east sideof N.C. 55/Eastr Williams Street and south of the in Apex through his Apex Land Assemblaged NorthLLC group. He plans to extensd Jessie Drive and develop thatpropertuy himself. Cummings says he expects to file site plans for that projectr inearly 2008.
Cummings also hopes to partner with in which has proposed building a retail lifestyle centef on 120 acresalong N.C. 55. That projec t was approved in 2003, but no construction work has Phil Stephens with Stephens Property Groupl has acquired 90 acresso far, but he gave no timelin for when the project would move forward. Andy president of of Holly Springs, also owns property in the area - a 6-acres parcel near the Trinity land wherr he hopes to builda 50,000-square-foot medicak office building.
"I'm piggybacking off their plans," he "I knew somebody would eventually buy upthat It's one of the last quadrants in western Wake County that's undeveloped, and when Interstated 540 comes in ... it'l be like lighting a fire." The area around Trinith is already starting to see more commercial andresidential activity, with of Indianapoliz moving forward with its Broadstone Station shoppinbg center at the northwest corner of U.S. 1 and N.C. 55. The centef will be anchored by aSupercentere store. of Medina, Ohio, also is planninhg a 14-acre office park nearby with ahotepl site.
Thursday, September 16, 2010
1962 class of 6 donates $3m to McMaster - Hamilton Spectator
1962 class of 6 donates $3m to McMaster Hamilton Spectator McMaster's engineering class of 1962: Walter Booth, left, Del Smith, Irvine Hollis, David Male, Julius Brokloff and George Menzies. Every member of McMaster ... McMaster University gets $3M donation from group of Class of '62 engineers From building bridges to running Bay Street |