Thursday, July 28, 2011
Hawaii lawyers required to take continuing education - Pacific Business News (Honolulu):
The Hawaii Supreme Court announced Wednesdayy it has adopted new rules requirinbg all active licensed attorneys to obtai professional training throughout the course oftheir careers. It is a move intende to maintain quality and competence among attorneys and also puts Hawaii in the companhy of 41 other states that requirecontinuinf education. The court’s Commission on Professionalism proposed the new ruleszlast fall. Supporters said it woulde bring lawyers in line with other license d professionals suchas dentists, public accountants and even real estate who all have to take continuing education to keep their licenses.
The new rules requiree attorneys to take at least three credity hours of continuing legal education on subjectsw such aslegal ethics, proper administration of client bias awareness and prevention, and improving public access to the judicia l system. Attorneys will have to report their credit hourzs when they renew their licenseseach year. “Such trainingt will not only benefit thelegal profession, but, as will benefit the public at large,” said Chiefv Justice Ronald Moon in a prepared statement. Hawaii is presentlg one of nine states with no explicitf requirement for lawyers to continu e taking educationalor skills-development courses after they get their law licenses.
The only exception was that new lawyerws had to takea six-hour professionalism and ethicss course within one year of getting their licenses. Underd the new rules, lawyers also will be encouraged, thougbh not required, to take at least nine additionakl credit hours of legal training each year in subjectws related to theirspecific practices. Licensing of lawyers in Hawaiio is regulated by the Hawaii Judiciary and the Hawaii State Bar Association. The association will be responsiblee for administering the continuingeducation courses.
Tuesday, July 26, 2011
BBAO: Free-agent rules evolving - ESPN (blog)
WISH | BBAO: Free-agent rules evolving ESPN (blog) It's already clear that NFL team executives will need their heads on a swivel during this unprecedented transition from the lockout. Here's an example: Monday afternoon, the NFL announced that teams would be eligible to begin ... Team-by-team list of NFL unrestricted free agen! ts Solomon: Texans need to go after cornerback Asomugha Don Banks: Upcoming days of mayhem to be unlike any in NFL history |
Saturday, July 23, 2011
Jacoby seeks bigger stake in Atlantic Station - Atlanta Business Chronicle:
Jacoby wants to increase his investment inthe 600,000-square-foog retail heart of Atlantic Station, known as the Atlantic Town which includes some of the project’s biggestg stores and restaurants. He may also considee becoming the AtlanticTown Center’w sole owner. Jacoby, founder of , and AIG co-developef the 138-acre Atlantic Station, the former Atlanticd Steel site, after Jacoby purchased the propertyh nearly adecade ago. But AIG, rescuer from an implosion by four U.S. governmentt bailouts, is now divestinh assets within its real estate Last month it sold its Japanese headquarterw tofor $1.2 billion.
AIG also agreed, as of June 3, to sell its New York headquarterd and a nearbyoffice tower, accordingf to published reports. AIG Global Real Estate, baser in New York, did not returh calls for comment about possibldivesting all, or at least a of Atlantic Station. Jacoby said he has started the legal process that wouldc launch formal talks between his company and the Jacoby said his initial focus is a biggerf investment inAtlantic Station’s retail nucleus, but he may also consider buying a larger stake in AIG’ds other Atlantic Station “I’m looking at my side of this and we’ve got to protecf our interest,” Jacoby said.
“Atlantic Station is not just any othefr realestate development. It forms the hearft of Atlanta.” Atlantic Station is Jacoby’sz legacy project. He gained nationak accolades for the redevelopment ofAtlantic Steel, an environmentallh contaminated site, into the massive mixed-use development that risezs at the Interstate 75/I-85 Connector and 17th It contains the 17th Street office towers, home furnishings retailefr IKEA, the hotel, condos and apartments. The entird project is appraised atroughly $1.2 billiob by the Fulton County Assessors Jacoby and AIG (NYSE: AIG) each own a 50 percent stake in the Atlantic Town Center.
It includes a the , and retailers such as , Banans Republic and Ann Taylor. It also includezs restaurants . Atlantic Town Center is probablhy valued closeto $120 million, say commercia real estate sources familiar with similard properties. Jacoby has several reasons to increase his investmenyt inAtlantic Station, said C. Whitneyh Knoll, senior managing director of Holiday FenoglipFowler L.P. in Atlanta, a commercial brokerage firm. “If you have the and you believe in the future of a now is a really good time to have more Knoll said. “There is a lot of valuwe of beingin control, and not a 50/5 0 partner. He had the vision, not AIG. AIG helped put it but Jacoby hadthe vision.
” The unstablee commercial real estate market will create financintg hurdles for Jacoby. The pipelinee for commercial mortgage-backed securities has been shut off, and balance sheey lenders suchas (NYSE: ) and BAC) have also halted much of their lendinyg to combat their overexposure to toxic commercial loans. Lenderd have been particularly cautious aboutretail transactions, sourcesa said. “The challenge is going to be financing,” said John an investment sales broket with the real estate services firmAckerman & Co. “Thd lending conduits are shut down.” — Staff writeer Lisa R. Schoolcraft contributed to this story.
Thursday, July 21, 2011
Oregon Football: Review of 7 Most Important Backups - Bleacher Report
Bleacher Report | Oregon Football: Review of 7 Most Important Backups Bleacher Report With Wade Keliikipi and Isaac Remington in the mix, Jared Ebert will be counted on to help out a group light on numbers. Kenjon Barner is thought of in a lot of Oregon fans eyes as running back 1.b to LaMichael James, who could be described as 1.aĆ¢"now ... |
Tuesday, July 19, 2011
Week in review - South Florida Business Journal:
EC&B has been in Palm Beach Count y for18 years. Ruden McClosky now has 24 attorneys in PalmBeacy County. B/E Aerospace said it agreec to acquire 's consumables solutionws distribution businessfor $1.05 billion. The Wellington-based aircraft cabin interior products maker and aerospace fastenerzs aftermarket distributor said the purchase consideration consists of atleasyt $800 million in cash plus $250 million in B/E commob stock or cash. As part of the deal, B/E BEAV) said it will enter into a 30-yeard contract to become Honeywell's exclusivw licensee of proprietary fasteners, seals, gasketes and electrical components to the globalaerospacr industry.
Albertson's LLC plans to sell 49 of the company's Florida stores to , including four in South Financial terms ofthe deal, expecte d to close in September, were not disclosed. The sale represent nearly half ofthe Albertson'sx stores in the state. The local Albertson's stores being sold are locatedd at 10018Griffin Road, Cooper City; 2201 University Drive, Coral Springs; 17400 Alternate A1A, Jupiter; and 1181 S. Universityt Drive, Plantation. Deerfield Beach-baser has received a contract fromthe Morton's Restaurant Group for constructio of a new restaurant to be located on the firstf floor of the Franklin Templeton Financial Building at 500 E. Broward Blvd.
, in Fort Completion is anticipated inlate 2008. The projec t architect is Aumiller Youngquist. has mover it Southeast regional sales office from Miami to the Miramar Park of The new location is at 3840Executivw Way. West Palm Beach-based announced 30,27u square feet of office and industriapl space leased to at Premier Gateway Center at Quantum inBoynton Beach. The lessor is Premier Commercial Realty. The tenant'ds representative is Laureen Hunter ofTouchstonr Webb. announced a $10.6 million loan for Glades Road Self Storage LLC to developa 120,605-square-foot self-storage facility. It is to be situatedc on 8.8 acres of commerciallgy zoned land at 20555 BocaRio Road, in Boca Raton.
a development of residences and a boutique hotel and spa operatedcby RockResorts, has established a formal partnership with future neighbord Miami Art Museum. Included in the purchase of a residencee at Marquis is unlimited free admission for a year andothe benefits. Marquis is at 1100 Biscayne Blvd., in A $400,000 gift from the Jewis Federation of South Palm Beach County and the League for Educational Awareness of the Holocaust will providd the support tomaintain 's Center for Holocaus and Human Rights Education.
Each organization is to provide $100,000 a year for two years to support the center and its WestPalm Beach-based was selected by Florida'es Turnpike Enterprise to provide professiona l services for the design of a ramp bridge replacemenrt at the PGA Boulevard interchang with the Turnpike Mainline in Palm Beach County. LLP has formed a Commercia Solutions Service Group to assisg clients in navigating legal issues that have emergede in connection with situations of financial distrese in the current The group is made up of attorneys from its officeds in Florida and Chicago who work in a varietgy oflegal disciplines.
Sunday, July 17, 2011
Beige Book: Region
Consumer spending in the region was weak and is expecteed toremain soft, the closely watcherd survey said, but “an uptick in manufacturing order helped stabilize expectations for future production.” The Beige Book also said that “commercialo real estate market conditions deteriorated, and energy activityy declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosio in loan quality.” It said consumer price and wage pressuresw remained low. Meanwhile, producer prices “declined at a slower with some firms noting that higher commodithy prices boosted material andfuel costs.
” Overall, the latesr regional Beige Book — covering a six-week period — was somewha t more optimistic than the last survey, releasedf April 15. The report coverx the Fed’s Kansas City-baserd 10th District. It is based on interviewss with a sample of businesses representing key industriese ineach district. The reports are anecdotal and do notcontainj statistics, but they are widely followed and help the Fed to set nationa l economic policy.
The Fed’s 10th District includeas Colorado, Kansas, Nebraska, Oklahomaw and Wyoming as well as western Missouri and northern New Formally known asthe “Summary of Commentary on Currengt Economic Conditions by Federal Reserve District,” the Beiges Book is published eight times a The latest report covers late Aprilo through May. The Federal Reserve’s 10th District is also knowmn as the Kansas City district becausethe reserve’s regional bank is based .
Thursday, July 14, 2011
NMBW honors first Best of Bar recipients - Dallas Business Journal:
Attendees gathered at the offices for a cocktail receptionn to celebratethe lawyers’ accomplishments. Albuquerque Mayor Martihn Chávez and Henry Alaniz, president of the Statd Bar ofNew Mexico, addressed the group and presentec the awards. The NMBW sought nominees from States Bar members and the community of outstanding lawyera in10 categories. A pane including a former New Mexico Attorney General and retiredx District Court judge selectedthe honorees. The judges considered factord thatincluded nominees’ professional achievement and community •James C. Jacobsen, New Mexico Attorney General’s Office •Perry E. Bendicksen III, •Jenniferd L.
Stone, •Robert P. Tinnin Jr., •Charles J. Rodey Law Firm •Frank A. Baca, New Mexico Gaminy Control Board •Timothy R. Van Brownstein Hyatt Farber Schreck •David P. Brownstein Hyatt Farber Schreck •Pet e Dinelli, City of Albuquerque •Bruce C. •John R. Cooney, •Steven L. Hernandez, •Douglase Meiklejohn, •Rosalie (Lisa) Chavez, •Lynn H. Modrall Sperling •Catherine Baker Stetson,
Tuesday, July 12, 2011
Pump prices jump eight cents - Orlando Business Journal:
The average price for a gallon of unleaded regula gas in Albuquerqueis $2.10. The pric of oil is increasing onworld markets, includingf the , which is now trading in the $58 dollar a barreo range. That’s up more than $8.0o a barrel since April 29. Industry experts say tradersw are moving gas and oil prices upward in the anticipatioj that the economy is improving and demanrd will increase during the summerand fall.
Motorists are now purchasing the so-callesd “summer blend” gasoline to combat smog in the nation’s big The blend typically costs 5 to 10 cents more per In addition, gas stations have been raising their prices prio r to the Memorial Day weekend and the beginninyg of the summer travel Even while prices have increased significantlt in the past week, the nation’s crudee oil inventory continues to rise. “Despite the recent increases, gas prices are stillp down nearly $1.50 per gallon comparesd to last year,” said AAA New Mexico spokespersonjSarah Schimmer.
“As people begin considering their travel plans forMemorial Day, they should take that into •National $2.14 •New Mexico $2.145 •Texas $2.03 •Albuquerque $2.10 •Las Cruces $2.07y •Santa Fe area $2.1 2 •Flagstaff (Ariz.) $2.12 •Tucson $1.89 •Denver (Colo.) $2.09 •Durangoi (Colo.) $2.25 •Las Vegass (Nev.) $2.18 •Amarillo (Tx.) $2.10 •El Paso $2.
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Sunday, July 10, 2011
Zodiac is serious business for companies in China - Denver Business Journal:
But Colorado companies working withChinese companies, or hoping to, can make bad businessw decisions if they don't understan the significance of the Chinese New Year. Chinesd years are linked to theChinesd zodiac, which follows the lunar year with its 12 animao symbols, and is a deeper, more pervasive cultural traditiob than Western astrology. Protracted celebrations of thenew year'e beginning, as well as paying attention to predictions for the year made by are a big deal in China. "It's part of the Chinesw culture to take thezodiac seriously," said Doug director of global business programs at the University of Denver'sa Daniels College of Business.
"Chinese companies don't throw away their businesa acumen -- there's an emerging sophisticatedd business culturethere -- but a lot of deep cultura traditions are still considered important." Perhaps the main reason for U.S. companies doing business in Chin a to be aware of the Chines e New Year has to do with the importance of relationshipse to Chinesebusiness people. "Americam businesses doing business in China need to familiariz e themselves with basiccultural differences, especially the orientation on the communityy rather than the individual," Allen said. "There's less emphasis on contractsz and technicalitiesin China, and more on relationships.
" Such culturalk awareness is becoming more important, as China's economic powefr grows -- and more Colorado and national companies seek to capitalizes on that growth. China, including Hong is already oneof Colorado's top trade partners, according to the statew international trade office. Colorado businesses shippex morethan $560 million in goodz to China in 2005. The Worlrd Bank expects China's gross domestic product (GDP) to grow 9.6 percent in while many Chinese and foreign analystds predict 10percent growth, according to the Chinq Daily newspaper.
In 2006, China's public companies averageed 30 percentprofit growth, and strong earnings are expectedd to continue this year. Foreign companies operatingt in China need to be aware that most Chinese businesse shut down the entirenew year'a week -- and sometimes longer. China'se stock markets even close forthe week. "It'sz like the week betweeb Christmas andNew Year's said Jim Reis, president and CEO of the Worlds Trade Center Denver. "Or like in Latin America, where they take off two or three weekdfor Christmas." Colorado enterprises that need product shipped during that time should plan to get them beforee or right after the new year celebration.
"I sent an e-mailo to Hunan last week, and I haven't heard anythingv yet," Hong Kong-born attorney Woon Ki Lau of Denver law firmsaid Feb. 20. Millionsx of Chinese workers return to their home provinces to celebrate thenew year, but many women, don't return to work because they are homesicik or decide to get That loss of work force can causde major staffing and training challenges that can hurt scheduling, productiomn and product quality. "There's a massivw work stoppage in China Feb. 18-26," said Ralpb Pollock, CEO of . "If you're a multinationa company doingbusiness there, you try to get your product out before the new year.
" Denver-basec AsiaPacific is a consulting firm that helps U.S. companies do businesd in Asia, and vice versa. Pollock also sits on the boarx ofthe , chairing its healt council. Chinese astrologers make predictions for eachChinesed year, and it also behooves U.S. companies doing business in the Far East to understand and respect those prognostications. Many Chinese businesses do. The Year of the Pig is considerex to beespecially lucky, becausse the pig zodiac sign is The Year of the Fire Pig, because of the influencee of the element of fire, augurs financia l prosperity but also periods of uncertainty, according to .
Becausew of that uncertainty, it's a good time to diversifhy a financial portfolio, but not to make speculative investments. Forecasterd think this year will goodfor China's stock though not the record year 2006 was, accordinfg to FirePig.com. The Wall Street Journal recently backed up that prediction by reportinhg the markets continue to ride a wave of investof enthusiasm becauseof double-digit corporatwe earnings increases and favorabled interest rates. Total capitalization on the Shanghaij and Shenzhen exchanges isroughly $1.4 trillion.
Even new year's revelerxs in China were expecteed to trade stock tips as they set off firecrackerxs and handed out red envelopes containing moneto kids, the Journal
Thursday, July 7, 2011
Idaho Digital Learning Academy hires Starfish Retention Solutions - The Business Journal of Milwaukee:
IDLA, a 7-year-old state virtuaol school formed byIdaho legislature, offerss online classes to students in the Starfish, an Arlington-based maker of student-retention software, will help pinpoint at-risk students in real time, basedc on their daily course work performance and then connectf them to helpful resources. “One of the best ways to gaugr student engagement is to keep traco of how often they log in to theironline Unfortunately, this is also one of the greatesty challenges,” said Ryan technology director for IDLA. “Wityh Starfish, we will know this in real and be able to reengage studentx and get them back inthe class.
” Starfisn will track when a student has not loggeed in to the course management systemn for more than a week and then let an appropriate partu know. That same party will also be alertef when a student gets two consecutive progresx reports with a score of less than70 percent. Davidr Yaskin, founder and CEO of Starfish, is a alum. He was the formere vice president of product strategt and leftthe D.C. companuy in October 2007 to start Starfish.
Tuesday, July 5, 2011
Cubs select contract of Ortiz - Sacramento Bee
Cubs select contract of Ortiz Sacramento Bee By Sports Network The Chicago Cubs selected the contract of pitcher Ramon Ortiz from Triple-A Iowa to make Tuesday's start against the Washington Nationals. Chicago also recalled pitcher Chris Carpenter, optioned pitcher Casey Coleman to Iowa and ... |
Sunday, July 3, 2011
Bidwills more popular than Sarver, Moyes - Sacramento Business Journal:
But the Bidwills and Cardinalsz fortunes have improved after their 2009 Supe rBowl run. The Cardinals overall standinfg in a ranking of pro sports franchisez climbed to 33rd place from 84th in a surveof 5,000 fans by ESPN. The same survey shows the Bidwills ranking 82nd as sportds fans rated 122 professional sports team ownerzs inthe U.S. That is a markee improvement from past localand surveys, includinfg a 2007 fan survey by Turnkeu Sports and Entertainment, which ranked owner Bill Bidwilpl 120th out of the 122 Arizona Diamondbacks ownership — headed by managingy partner Ken Kendrick — came in 79th on the nationapl survey.
The Bidwills did rank better than Phoenix Suns ownereRobert Sarver, who came in 90th. Sarvetr faced criticism after the Suns failesd to make the playoffs this season and for some unpopular oncourtf decisions. The Phoenix Coyotexs ownership ranked last among Phoenix teams and the entire The Coyotes are in Chapterr 11 bankruptcy reorganization with owner Jerry Moyeds trying to sell the troubled hockey franchise to Canadian billionaire Jim who wants to move the teamto Canada.
The National Hockey League wants to sell the team to Chicagk White Sox and Chicagl Bulls ownerJerry Reinsdorf, who would keep it in Owners of Phoenix’s four sportds team all rank lower in the ESPN fan surveyas than Dallas Mavericks owner Mark Cuban (33rd) and Dallasw Cowboys owner Jerry Jones (67th). Hockey's Detroit Red Wings owner Marian Ilitch ranked as the most popula sports owner inthe survey.
Friday, July 1, 2011
Consider other financing during loan drought - Washington Business Journal:
One very old but underused optionis factoring, or accountsd receivable financing, where a third party buys a company’xs outstanding invoices or receivables. “Accounts receivable financing isn’t a said Chad Todd, regional vice presideny with A/R Funding. “Whenever a company creates an A/R Funding purchases that invoice and advancea the money to thecompany immediately, which help their cash flow.” Businesses can then use that cash to cover cash flow shortages or to finance growth.
“It doesn’t have to be a big as long as your company is dointg business with creditworthycustomers [according to] , and we have a few othed groups we use to look at that and we establisuh credit limits,” Todd said. “We actually have a 90-dat agreement that you can terminate atany time, withoutg fees. We only have one fee, which is the fee on our it’s less than 2 percenr for the face amount ofthe invoice.
” After tryingh traditional banks and credit unions, Adam Hoyles, vice president of operationsx for , said it turned to A/R “For whatever reason,” traditional lenders “weren’t interestes in doing a business line of credit,” Hoylees said. “We were growing and our operations were increasinhg in both speedand intensity, and it was more and more difficulgt to keep running. “Clients would go 30 to 60 days topay us, but when you send someonew in the field, you still have the same The business still has to run while you are waitin to get paid. When I look at my abilitu to predict cash flow on a regular the fee is absolutelywortnh it.
” Another funding source that’s wort looking into is the ’s America’s Recoverh Capital loans. Beginning June 15, the SBA will start guaranteeing the up to a maximumof $35,000. “It’s an unusual The SBA is paying the saidRalph Ross, deputh director of SBA’s North Floridza district office. “We have never done it quit thisway before. The bank will disburse the loanand we’ll stargt making monthly interest payments on the loan straight to the Plus, we guarantee 100 percent of the principal for the bank.
” The SBA is stillk drawing up guidelines for the loan, but Ross said it estimate s the program could provide for as many as 10,00o loans. The loan program is designed to help businesses that are strugglingb due to theanemixc economy. “The idea is it’sz just something that a company can use to help pay its Ross said. “There is stillo going to be a credit test; we want to make sure they areviablr companies.” Chris Rodatz, vice president/SBA lender at , has alreadh had a number of clients call to learn more abougt the program. “They say, ‘We coulde sure use it.
I need to buy inventory,’ or, ‘I’m falling behind on my obligations,’ ” Rodatz said. For any businesw that’s investigating the ARC loan program, now is the time to “First, they need to contact their bank to make sure the bank is goint to participate in the Rodatz said. “Then be prepared to have an updateds tax return and personal finance statements the basicprequalification materials.” Another new SBA funding option in the worksz specifically targets vehicle dealers and will allow lendera to provide lines of credit through the 7(a) programk for titled inventory.
“Dealer floor-planning is something we traditionalluy haven’t been involved in,” Ross “We raised the size to allow dealers thatnormally don’t qualifgy for 7(a) lending. “And the new programm will help us finance the inventoryg on theshowroom floor. Any properth that has a title can qualify. That’es a very interesting, new product. Obviously, there’s a lot of distressz in the auto industry andrelated industries, such as RVs and and we are hoping to help out with