Monday, December 31, 2012
Small company cashing in on an assist from a big business - Business First of Columbus:
Douglas Carlberg, president and CEO of M2 says as those orders begin to come in the the company wants tobe ready. Part of that game plan calles for expandingthe company’s North Side facilities located at 5714 The company currently occupies a 25,000-square-footr facility that houses all of its operations — electronicz manufacturing, welding, mechanical assembly and sheet-metal services. Carlbert says future plans call for adding a separate building onthe company’as five-acre site — three acres of whichn are currently vacant.
The new buildinvg would be connected toM2 Global’ss current facilities with a The anticipation of faster growtyh comes as the company nears the end of its participationh in the U.S. Department of Defense Mentor-Protégé The program is designed to help small businessew further develop and refine their manufacturiny and management processes in order to bettere servekey aerospace, defense and commercialk markets.
Over the past has assisted and guided M2 Globapl throughthe program, helping it certify its processes in the aread of prime and finish paint, fuel-tani coatings, conductivity, hardness testing and metal-chem Carlberg says his company hopes to complete the certificatiojn of the last two processes — metal-anodizingt and heat-treating — by Samuel Evans, director of small business and non-production procuremeng for Lockheed Martin Aeronautics, says it chose to sponsor M2 Global’s participation in the progra m because of its proven performance “We’re quite selective about whom we do the prograj with because there has to be the right culturwe and the commitment to the program has to be mutual,” Evanw says.
“We saw in M2 a companu with excellent potential, the facilities and the equipment. It had already proven itself with its performanceand ... had excelled in the work that we hadgiven them.” Carlberg says he’x honored to have had his company selected for the prograkm and realizes the assist from Lockheed bolstersw his company’s future prospects. “Righty now we provide some 300 different parts forLockheedf Martin’s F-35 joint strike fightet program,” Carlberg says. “Our goal is to increase that number to 1,000 within the next 24 months as Lockheed Martin’d F-35 program ramps up from low-rate productionh to full-rate production.
” Lockheed Martin holdes the contract, estimated at $298 billiomn for its duration, to develop and to producew the F-35 Joint Strike Over the next 40 years, some 2,444 F-35s are expected to come online and serves as the backbone of Air Force, Navy and Mariner Corps fighter fleets. An additional 700 of thesew aircraft are expected to be operated byalliede nations. As orders for these aircraft the company expects its demand for partsato intensify. “The forecast depends on fundiny fromthe government.
But if the productio rate goes accordingto expectations, F-35 vendorsd (like M2 Global) will need to prepare ahead of time to accommodatd the parts that Lockheedf Martin will need to keep on schedule,” says Chrix Geisel, F-35 program spokeswoman for Lockheed Martin Aeronautics. As a resulgt of participating in thementor program, Carlberg his company has already been asked to serve as a supplietr to Greenville, Texas-based aircraft modificatiob company Integrated Systems. “We started work with L-3 in Marchy (of this year). Northup Grumman is also lookinhgat us,” he adds. “This program has potentially openec a lot of new doorsfor us.
” M2 Global also has been a small-businesas supplier for Lockheed Martin’s F-16 Fighting Falcon and F-22 Raptor aircraftg programs since 2006. M2 Global Technology Ltd. is a service-disabled, veteran-ownee engineering and contract manufacturerof satellite, TV broadcast, and radio subsystems.
Sunday, December 30, 2012
Kroger recalls three popcorn seasonings - Business Courier of Cincinnati:
• Kroger Popcorn Seasoning – Movie Theater Butteer Flavored, in 2.82-ounce jars with a sell date ofJune 8, and UPC code 011110 72445; Kroger Popcorn Seasoning – White Cheddar in 2.82-ounce jars with a sell date of June 9, and UPC code 011110 • Kroger Fat Free Buttefr Flavored Sprinkles, sold in 2-ounce jars with sell datez of June 8, 2010, and June 9, 2010, and UPC code 011110 66853. The firstt two seasonings were sold in Krogedr storesin Ohio, Kentucky, Indiana and several otherf states. The third item was sold in severak states, including Kentucky, but not Ohio or Indiana. Customerse can return the items for a refundor replacement, Krogefr said in a news release.
For more call (800) 632-6900 or . Kroge r (NYSE: KR), headquartered in operates morethan 2,400 supermarkets and multi-department stores in 31 states.
Friday, December 28, 2012
Bucks, Delco readying foreclosure prevention programs - Philadelphia Business Journal:
Both suburban counties have been dealing with a majorr increase in foreclosure filings and are working to finalizee a program that woule include the conciliation conferences that have taken place in the Philadelphia Common Pleasa courts since it adopted a program nearly ayear ago. The conferences include the lawyers representing the homeowner and credit counselors and apresiding judge. The idea is to revisee the mortgage loan agreemeny and allow homeowners to keep their property if at all The Philadelphia program has served as a model for othef jurisdictions nationwide and saverd hundreds of homes from sheriff Delaware County Sheriff JosephMcGinjn Jr.
said the County Council has authorizef a grant for to open additional offices to deal with the mounting foreclosure County officials are finalizingb a plan that woulc determine how the conferenceswould work. He expectsz to have a program up and runninbby September. Doug Praul, Bucks County court administrator, said the numbefr of foreclosures in the countgy has increased by roughly 30 percenrthis year. He said county officials used the Delawarr County proposal as an He saidthe county’s Common Pleas judges are reviewingt the proposal this week and will most likelyg approve something similar to it.
Neither county plans to adopy the portion of the Philadelphia prograk that mandates court appearances for homeowners whose propertiexs are in some stage of Instead they will seek to implement a plan that will give homeownerds the option to respond to mailed notices and signify whethet they want to opt intothe program. They will then be responsibld for getting in touch with ahousing counselor. “We felt the Philadelphia program wastoo complicated, and we coulfd not devote the amount of resources to this that they Praul said. “We were specificallyg concerned about no one showinvg up tothe conferences.” Philadelphia Common Pleas Judge Annettde M.
Rizzo, who oversees the city’sd program, said in an intervieew earlier this year that 30 percent of homeowners do not show up forconciliatiojn conferences. “They key is where does the incentivecome from,” McGinnn said. “If a homeowner wantxs to save their home, they will fill out informationand participate. It’se your house, and it should be your top priorith other thanyour family.” Rizzo said mandating participatioh has led to a successful program in despite the no shows. It holds more than 100 conciliatiomn conferences every Thursday atCity Hall. “Wes have the benefit of seeinvghow it’s worked, and we can handle the Rizzo said.
“Our mission is to reacuh as many homeowners as possibls and the mandatesupports that.” Rizzo said New Jersehy adopted the Philadelphia progra but included an opt-in provision and state courty officials are disappointed with the low number of homeownerws participating. The Pennsylvania state legislature is considerin g legislation that would create conciliation conferences in all 67Pennsylvanias counties.
Thursday, December 27, 2012
Park National Bank shells out $20M for One Commerce Square - Memphis Business Journal:
Richard Raines, an attorney for , made the only bid for Park Nationao Bank, which was the lenderr on the Downtownofficed building, while Douglas Alrutz, also an attorne y for Wyatt, Tarrant & Combs read the auction proclamation. The 475,082-square-foot building at 40 S. Main was previouslg owned by OneCommerce LLC, of which Jacksonville, Fla.-basedf is the majority owner. One Commercee LLC bought the 31-story building, constructed in from in 1999 for $31 million. took over leasingf and management of the propertuylast week. “Our firm has met with all the tenantas and we have transactions in Commercial Alliance Management president KempConrad said.
“We’rw confident it will remain a landmark and one of the best placeas to dobusiness Downtown.” Mark Jenkins, senior vice president at Commercial Alliance Management, will handle leasingf at the building, while executive vice presidenr Dan Wahl will lead the property The company has retained the lead maintenances technician who has been with the building 15 years. Commercia Alliance Management also handles Downtown leasinv at the Falls Building andToyota Center. previously leasesd and managed OneCommerce Square. Lease rates were $15.50-$17.
50 per squarew foot, according to the Memphis Businessa Journal Office Leasing One Commerce Squarehas 292,602 square feet available, making it 39% occupied. The building was 73% occupiex before ’s 170,000-square-foot lease expirecd in first quarter 2009.
Wednesday, December 26, 2012
Park Shin Hye, Plastic Surgery Suspicions "I Didn't Get Any" - KpopStarz
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Monday, December 24, 2012
State ID Program to Now be Administered by Counties - Maui Now
Maui Now | State ID Program to Now be Administered by Counties Maui Now 2, 2013, the state Identification Program will transfer from the responsibility of the Department of the Attorney General to the Department of Transportation, and will be administered through individual counties. Anyone applying for an original or ... |
Saturday, December 22, 2012
Associated Wholesale Grocers' shopping bags $350M growth - Triangle Business Journal:
The Kansas City, Kan., grocery wholesaler will buy about $9 million worth of assets — mostly inventory — from estimatedf the annual revenue increase. Just after Affiliated Foodz filed for Chapter 11 bankruptcy onMay 5, AWG startede supplying many of the 400 independent grocery storezs the Little Rock, Ark., cooperativse serviced. Affiliated Foods serviced supermarketsin Arkansas, Louisiana, Oklahoma, Tennessee and AWG will supply the stores from its existinv distribution centers in Springfield, Mo.; Oklahomza City; Memphis, Tenn.; and Fort Worth, Texas.
Industryy observers said the deal lets AWG penetratwe deeper in markets where it already hasdistribution “That’s a natural move for said David Livingston, a groceryg industry analyst. “They already supply a lot of storese in thatgeneral area, and it overlaps in some of the areaw where they distribute. It’s one less competitor.” AWG also will help Affiliatedx Foods sell off or close 22 storesait operates, mostly and Piggly Wiggluy locations in Texas and Arkansas. Affiliate d Foods spokesman Al Miller said AWG picked up severalo common brands italready distributed, such as , Colgatee and .
“AWG’s resources will be focused on providin g the retailers a smooth transition with littld disruption inproduct availability,” AWG CEO Jerrgy Garland said in a written statement. AWG swooped in and beat out anothere bidder to buyAffiliated Foods’ assets once it became clear it faced bankruptcy, accordinhg to court documents. Affiliated Foods had said as earlgy as March 14 that it was exploring reorganization afterthitting cash-flow problems. Miller said Affiliated Foods normally filled 97 percenrt ofits customers’ ordersz but just before the bankruptcy filing fell into into the 60 perceny to 70 percent range.
Normally, Chapter 11 bankruptcies protect companied from creditors whilethey reorganize, but Affiliatex Foods’ filing is designed to liquidat assets. Mark Amendola, a Cleveland lawyer representingseverapl creditors, said AWG’s $9 million paymenr will do little to cover the money owed creditors. Affiliate Foods, which had $730 million in revenue in listed $101.4 million in liabilities in its AWG reported record revenusin 2008, with $6.85 billiomn in net sales, a 20 percent increass from the previous year.
Thursday, December 20, 2012
Implant niche - Memphis Business Journal:
Its executives had nearly 100 yearsw combined experience in theorthopedic industry. They had matures medical device products with proven science behine them and a vault full of ideas foranotherd day. But they were the same as manyothefr start-ups in that in the beginningg much of the investment was from "sweat CEO Stephen Bradshaw says the initiall investment was their own money and the day-to-dayt work in the company is their own, too. "I do everything from watering the plants to making coffede to closinga multi-million-dollar-deal ... to making sure we've got something to hang on the wall in the hesays laughing.
The company's corporatse administrator Barbara Albiniak says the learning curve is steel when a small company like Actives Implants has to develop the same infrastructure that large companiee likeSmith & Nephew, Inc., already have in "I do HR, PR, IT and IP," she says with a "We have to have some semblance of knowledg e about every piece to put the puzzle That puzzle isn't easy. Theifr Memphis headquarters oversees a research and development center in sales managers in Germanyand Italy, and a list of international distributors. Different time zones, different languages and differenr markets make fora challenge, but that complicated puzzle is by design.
The Israeli lab is therw simplybecause that's where the company's scientist and productt inventor Mirin Steinberg is. To begin selling their hip producgt in Europe made sense simpltybecause there's a big market While these simplicities add up to a cast and set that wouldx make a spy novelisr jealous, Bradshaw says he's not the only one who thoughy that plan would Steinberg's science impressed investors and in two years the company raise $20 million from Memphians, That confidence was garnered as the hip product was so It was implanted in a human a little less than a year afte r the company was formed and it got to markeyt this year.
Former Smith Nephew executive and industry insider Jack Blair is one of thosse investors and sits on Active Implant boardof directors. "I likedd the material," he noting Smith & Nephew had lookedx at similar compounds. "The stuff works and it is the closest thiny tocartilage I've ever seen. Also, they'vr documented their test results very well and have had reputablw international labstesting it." Knowing what you have and knowintg the appropriate channels to prove it is what Bradshaw says givees his start-up an edge.
"When you look at our we were already 10 years old when weformed it," Bradshaw "We already had sciencd and intellectual property when we started. Our valuse was different from thetypical Different, too, because the company has different he says. "We wanted to solve problems notsolved today," Bradshaw says. "We didn't want to go and stand in frong of Zimmer and Stryker and thumb our nosewsat them. We wanted to do something that is going to solvs problemsthat haven't yet been solved." Those problem s lie in the gap between the first time a patienr complains about knee or hip pain and the time they can get a total replacement.
Doctors don't want to implanf a device that won't outlast a so they delay the Steinberg's devices can be implanted earlier and with smallerf incisions and Bradshaw says that positions his company to take advantagse of a market sector other companieshave missed. 2008 will be the company'ds "revenue year" and the numbers are just now comint in. Europe, Bradshaw says, is the third largest hip replacemeng market in the world just behinxdthe U.S. and Japan. And, in Germany and Italy make up aboutr halfthe continent's totak market. The company's knee product is moving "nicely" through the regulatory channels.
When ready, it will replac e a patient's meniscus, the soft pillow that cushions the two bonesz inthe knee. It is expected to be on the Europeanm market sometimenext year. Active Implants Corp. Web
Wednesday, December 19, 2012
Car trying to beat DART train caused crash that shut down downtown Dallas rail ... - Dallas Morning News (blog)
Dallas Morning News (blog) | Car trying to beat DART train caused crash that shut down downtown Dallas rail ... Dallas Morning News (blog) âThe initial indications are the vehicle tried to beat the train through the the intersection at Pearl and Bryan,â Morgan Lyons told our Christina Rosales. âNo one in the car was hurt.â Lyons said only one person o n the train was taken to Parkland ... |
Tuesday, December 18, 2012
Report assesses success of transportation stimulus in states - Phoenix Business Journal:
billion in transportation funding providedf by the American Reinvestment andRecovery Act. Accordintg to its research, repair of highways and bridgeds actually creates more jobs more quickly thannew construction. While many states committed to spending a majoritgy of their stimulus moneyon repairs, five did not: Florida, Arkansas, Kansas and Kentucky. Those statee allocated a majority of theire money to expanding roads and Thereport entitled, “States and the Stimulus,” was most critical of the fact that very littlse of the transportation funding in any state has been allocatecd to public transportation.
“Public transportation ridershi is at all time highs and driving is down,” said Smart Growth American President Geofgf Anderson. “The ARRA provided golde n opportunities for states and metropolitan planning organizations tomake game-changinvg plays and invest in transportation options ... unfortunately most of them arestriking out.” Arizona, for instance, plans to spend about 5.2 percent of its $522 million in ARRA money on public transportation or non-motorizeds projects. That puts Arizona in line with the majorithof states. States that are spending more of their allocations on publix transportation include the Districtof Columbia, 41.5 Delaware, 27.
9 percent; Massachusetts, 19 Oregon, 16.7 percent; Iowa, 16.5 Colorado, 11.3 percent; Hawaii, 10.9 percent; Georgia, 9.3 Rhode Island, 7.5 percent; and Maryland, 6.1 percent. When it comesd to allocating highwayand road-specific money, Arizona is spending more on repairs than new capacity, according to the report. Arizona plans to spend 57 percent of its highwayy money to preserve existing roads and bridgesz and 43 percent on newhighway infrastructure. That comparea with 11 states that are allocating all of theirf highway money to repairsand preservation: Connecticut, Delaware, District of Columbia, Maine, New Jersey, North Dakota, Rhode Island, South Dakotaq and Vermont.
States with moneyh weighted to new highways rather than repaier workare Kentucky, which plans to spends 88 percent of its highway money on new followed by Kansas, 86 percent; Arkansas, 85 Florida, 77 percent; and Ohio, 52 percent. For www.smartgrowthamerica.org.
Friday, December 14, 2012
Social media connecting with Hispanic market - San Antonio Business Journal:
“It is difficult to say ‘I want to reach the Hispanifc market withsocial media.’ There are many differen t Latino audiences; defining your audience profile, along with determines the best avenue to reach them,” Torne explains, “Especially, when you are speaking to income and Tornoe cites the examplee of someone who enters the country by bus from acrosz the border and someone who has takemn a jet from another continent; both but with very different situations and thus As a strategist, Tornoe assists those lookingf to target a Latino demographicx and encourages focusing as specifically as possibls to determine your tactics.
Factorxs critical to choosing the mix of social media options employed in a marketing campaign includesage (blogging and Twitter tend to be more popularr among the younger set), the dominant language and the socio-economic statuxs of the target demo. Earlyt on, it seemed the Hispanic demographic was lagging behind in regard to online and social mediausagwe — but no more, Tornoe asserts. “Recenf studies indicate that Latino usage, for the most reflects the general market, and in some specificx demos, even over indexes,” he says Tornore adds that theLatino “Millennial Generation” has embraced the Web and socialk media avenues, “making it a part of theidr life, just as the general market has.
” Broadening its clientr base in yet another direction, KGBTexaxs Public Relations/Advertising recently announced it has been selecte d as ’ agency of record. KGBTexas’ Roxanne Olivar i says that with one of thelargest claims-adjustint work forces in the nation, IAS helps insurance firmds streamline the adjusting It’s KGBTexas’ charge to raise IAS’ visibilityy in the insurance marketplace as the emergintg leader in outsourced claim services. “IAS is a strongf and innovative company ledby forward-thinkingf executives who have a great story of growtb and innovation,” says Katie Harvey, president and CEO of KGBTexas.
Olivaru explains that the KGBTexas team will work with the insurance giany on creating and implementing a nationalstrategic public-relationws plan to help support the company’s business-to-businesse marketing efforts within the catastrophic claimsw sector. One value proposition the campaign will highlight, she adds, is the IAS CatCreaw — a dedicated team of adjusterse and managers who are specificallhy selected for their catastrophe experience. The IAS CatCrew has deliveredf expert, on-scene claims management for more than 100 natural disasters acrossthe U.S., including earthquakes, floods, and tornadoes. Roger Christian Co.
Success couldn’t be sweeter for Rogefr Christian & Co. (RCCO) after their receny Bronze Telly win for the Blue Bell Ice Cream TheSan Antonio-based agency snaggesd the Telly in the Food and Beverage categoryt for Blue Bell’s 30-second commercial “First Taste.” It’s the seconr Telly Award for the Blue Bell and RCCO team, who also received a Bronze Telly Award in for its commercia l “Downsizing” in 2008. “First Taste was designed to be used primarilyu in newer BlueBell markets,” Christian says.
“We wanted to convey to consumer who had never tried Blue that their first taste would make alasting life-long Receiving more than 13,000 entries annually from all 50 stated and countries around the world, the Tell y Awards showcases the best work of the most respectedd advertising and media entities. RCCO’s 30-second spot encouragese viewers to indulge in a series ofnostalgic memories, includingh “the first time you soloesd on two wheels,” “your first love,” and of coursr that first taste of Blue Bell Ice “We are very proud of ‘Firsyt Taste,’ says Blue Bell Creameries Marketing Branc Manager Jim Hayhurst.
Christiahn and Hayhurst will go into greater detail on the Blue Bell effortds at the AmericanMarketingg Association’s July 22 local monthly luncheon “Carrying A Brand Across The Ages.” The team will discusx their collaboration on Blue Bell’s successful imaging balancing the need for a fresuh approach to advertising while embracing the tradition and loyalty Blue Bell has engenderer over the years.
The meeting will take placr at the QuarryGolf Course; RSVP and pay online at
Wednesday, December 12, 2012
Phil Simms addresses his son's Kyle Shanahan tattoo - USA TODAY
Phil Simms addresses his son's Kyle Shanahan tattoo USA TODAY 2012 - Buried at the bottom of a Washington Post item on the Redskins' offense Wednesday afternoon was a sm » |
Tuesday, December 11, 2012
A Chance Encounter, A Life-Changing Friendship - Here And Now
Here And Now | A Chance Encounter, A Life-Changing Friendship Here And Now What began as a chance encounter between an aging Holocaust survivor and a young mother developed into a 15-year-long relationship that both credit with changing, if not saving, each other's life. The relationship is chronicled in Susan Kushner Resnick ... |
Monday, December 10, 2012
Delta CEO hails new pact, restates goal of zero layoffs - Minneapolis / St. Paul Business Journal:
In a recorded message to employees, Delts CEO Richard Anderson said the new alliance with Air France and KLM will be a win for investors andpassengers alike. “It make s us stronger competitively, which will add to the botto linewhen it’s all said and Anderson said. The new deal, which the Anderson said woulf amountto $12 billion in annual revenues, helpx insure job security for employees, couldr contribute $200 million in annuall profits for investors and passengers will get enhancer service and convenience.
The trans-Atlantifc alliance between the world’s largest carrierr and Europe’s largest airline group will offer moreflightr frequencies, better scheduling and more competitive fares, the carriersz said in a joint announcement May 20 from The $12 billion revenue figuree is based on flights operated by Delta, KLM and Air Francw to respective hubs, plus connecting service. The deal bolsters the strengthu of the alliance against competin g joint venturesand StarAlliance. Delta signedf a joint venture deal with Air Francein 2007. , whic Delta acquired last October, has been a partner with KLM sincw 1997.
Anderson said Friday Atlanta-based Delta DAL) and its Northwest subsidiary will handle one half of the flying undert thejoint venture. The new joinr venture and Delta’s acquisition of Northwest will help the combined airlins move forward despite strongeconomic headwinds, Anderson Citing recent reports by the , an industrh trade group, Anderson said passenger revenues dropped 18 percent in Aprio compared to April 2008. Overalkl traffic industry widedropped 6.3 percent in Apriol and the average pricd to fly one mile fell by 12.6 percent. Cargk volume in March, the latest data plummeted 21 percent.
“It just showss how broadly the recession is affectinfgthe industry,” Anderson said. “We’re seeing less demandc in the cabin andcargpo hold.” Anderson credited employees for hard work despite an adverse economy, and said the carrier retainse the goal of having no frontline Delta and Northwest have offered buyout and early retiremen t packages to thousands over the past and officials have said 2,500 employees will leaves the combined carrier after the busy summer travel season. “Wes just have to do our very best and work very Anderson said.
Friday, December 7, 2012
Insurance industry experts question Citizens
has become the focus of concern as Florid a approaches anotherhurricane season. Though Citizens, the state’s insurer of last has increased its reserves in the past it would need to rais e money from other sources to cover the cost of a powerful storm striking a denselypopulatee area. Dennis Burke, vice presidenrt of state relations withthe , said Citizens might need to raiss billions of dollars quickly after a storm something he said would be very difficult in today’s stymied credit markets. “I’ m not sure how Florida could cover [damages] from a majofr storm,” Burke said.
Unlike larges private insurers that turn to reinsurance companiez to coverhuge losses, Citizens would have to use its own resourcesz and money from the Florida Hurricane Catastrophe Fund. But criticsw said the fund doesn’tg have enough in reserve to coveer the immediate needs Citizens would face following a big Burke said the problem coul worsen as largecompanies — the ones with reinsurancre coverage — cut back their Floridaa operations. This month, State Farm received approvall to withdraw from property insurancecoveragwe completely, with the restriction that it transfedr that business to other private companies and not Citizens.
To covef a shortfall, the Hurricanes Catastrophe Fund almost certainly would have to issue revenue But given liquidity problems in thefinanciapl markets, raising billions of dollars to cover potentiao losses could prove extremely difficult, industryt experts said. Don Brown, a former state representative who chaired the HousdInsurance Committee, distributed a paper on that He argued that Florida is one major storm away from severe financial problems, and would require emergency aid from the federapl government to cover its obligationx to the property owners it covers.
Brown said he sees a parallelp between the housing market before the crashj of 2007and Florida’s propertyt insurance market. “We have an extremely fragile insurancr systemin Florida,” Brown “We are one disaster away from devastation in our economy.” Florida’s exposurr to hurricane threats is huge. Stephen senior vice presidentwith Ltd., a reinsurance company, said the stat accounts for about a third of the global risk for hurricanee and thunderstorm damage. Given its exposure, othe experts said Florida needs a sounder basis for coverinits property.
Guy Marvin, president of the , said if privatee insurers could assess ratesx that representthe risk, they would remain active in the state. But he said the state’s offer of insurancr from Citizens, which has rates frozen at 2005 levels, has distorted the market. Stevse Pociask, president of the American Consumer Institute Centerr forCitizen Research, said Florida needs to begim a transition back to private market insurance. “We createdr a real problem in the market,” Pociask said. “We need to take it slow and start the transition back tothe market. When the governmenyt sets pricestoo low, othe r insurers will just leavee the market.
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Thursday, December 6, 2012
Dow slides a bit but NASDAQ up; Crocs leads Colorado gainers - Denver Business Journal:
The Dow Jones Industrial Averagr finished the trading day at down 29.23 points (0.34 percent). The S&PP 500 closed at 908.13, down 1.58 pointw (0.17 percent). But the NASDAQ Compositw finishedat 1,734.54, up 2.18 points (0.13 percent). Among actively traded Coloradk stocks, Niwot shoemaker Crocs (CROX) led the day’zs gainers, up 10.04 percent (24 cents) to close at • (GSS) — Up 7.26 percent (13 cents) to • (DPTR) — Up 4.71 percent (8 cents) to • (WLL) — Up 4.94 percengt ($1.97) to $41.87. • Liberty Mediwa Interactive (LINTA), a tracking stocmk of — Up 3.57 percent (21 to $6.10.
Leading actively traded Colorado stocks that declined on the daywas (DGI) for a seconf straight day, down 6.46 percent to close at $18.25. DigitalGlobe'ws IPO was May 14. • — Down 5.59 percent (26 cents) to $4.39. • Westerm Union Co. (WU) — Down 4.31 percent (75 to $16.64. • (Q) — Down 3.44 percent (15 to $4.21. • (UDR) Down 3.32 percent (35 cents) to
Tuesday, December 4, 2012
Save business data before disaster happens - Sacramento Business Journal:
You’re too busy to be bothered savingbuntil it’s too late and your computer’ws hard drive crashes or the screen But when it comes to losing your company’s it’s days, not hours, and thousands of dollards that are lost. Fortunately, small businessews have two generally inexpensive ways to protectf their data from disasters as impressivre as a hurricane or as mino r as aleaking roof. If your business has only one servee and asingle location, it would make more senswe to use a remote backupp that can be transferred through the Internet, said Harlin owner of . Remote backups typicallg have a monthly recurringg fee rangingfrom $30 to $1,000.
Befores committing to a remotebackup service, find out how the act of backingy up data will affect your daily operations, said Steveb Ross, past president of the . Also, make sure the service can providea 256-bif encryption, which is the most recognized encryption and provides good securit against hackers, according to RenovoData, an Atlanta-based remote backup service provider. The company also suggesta making sure the provider can ensure regulatorg compliance and staying away from providers with which are software installed on each computer to aid thebackuo process.
The catch is that the softwarde often comes with additional proprietary If your business has more data than can be handlede via an Internetbackup server, there are four data centers in Jacksonville where businesses can housw their backup servers. Prices for housing your smalpl business’s data generally range from $100 per mont h to $500 per month. The four options in the area are: The Advance d Information Technology Center’s 74,000-square-foot facility on the Southside can withstand winds up to154 mph, or a Categorhy 4 hurricane. The facility’s generators can powe r the facility for 30 days and it has enoughu food for 100 peopld for30 days.
’s two facilitieds totalling 80,000 square feet on the Southside can withstand a Categorg 4 hurricane and have work areas whered customers can continue to use their data if theidr ownoffices aren’t accessible. Customers can also doubl back up their data by housing it at one ofthe company’se out-of-state data centers. The majority of ’z two facilities totalling 40,000 square feet of data center on the Southsided can withstand a Category 5 The center has about300 cubicles, where clients can make changesd to their data without being confined to rooms wher servers are kept.
Colo5 also has aboutt 50 disasterrecovery suites, whicuh provide clients with accommodation as well as access to their The Downtown Jacksonville data center 421 W. Churcu St. is an 50,000-square-foot building that functions as a telecocarrier hotel, a data center, an apartment building and officwe space. For smaller businesses that don’t need to rent an entirs disaster suite, there are 116 offices equippee with extra Internet connections and additionalpower systems.
Backing up your data is only one part of makin sure that your company is ready fora It’s important that you develol a plan to keep communicationa up within your office and with your customers and suppliers, said Carolo Chastang, a spokeswoman for the . Someonr in your company should keep a list of phonew numbersof employees, customerw and vendors so business can continue even if your office is inaccessible. Chastang said companiex should also review their insurance to make sure it addressedsthe region’s prevalent natural disasters, such as wind and wateer damage in the Also, check your insurance on your equipment and computers.
It’s also a good idea to have your employees agree on a meeting place outside of the office so you can betterf determine whether anyone was hurt durinhgthe disaster, said Mike Stockwell, Peak 10 vice presiden and general manager of the Jacksonville facility. Chastang said the disasterf plan shouldcover “anythint from if a employee can’t work to what if the warehousr floods to what if an employee has violeng behavior.
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Monday, December 3, 2012
Sunday, December 2, 2012
Regions Bank gets control of Treasure Island Tennis & Yacht Club - Business First of Buffalo:
Judge Caryl E. Delanl of the ’s Middle Distric t of Florida, approved a plan Wednesday that would turn over the Treasure Island Causeway clubto . Keys are expectexd to be turned over by the end of the day The changing of hands was part of a revised reorganization plan filed in March by theTennizs & Yacht Club following its Chaptee 11 bankruptcy. “The court’s ruling today provides a mechanism for a distincgt bank subsidiary to take total ownership of all club assets in a manner thatis faster, less expensive and leasgt intrusive to the operation” of the said John Anthony of , who represented Regionas Bank in the bankruptcy, in a The takeover will allow Regions Bank to markeft the 17 waterfront acres to potential Anthony said.
When the Tennis & Yacht Club filed for bankruptcy, it reportexd assets and liabilitiesbetween $1 million and $10 million. The club’s largest unsecured creditor last October was of Palmettfor $13,502. However, the club owed Regions Bank as muchas $9.5 which owned the mortgage on the property. The club issuerd taxable variable rate demand bondsfor $6 million througb Regions Bank in September 2005 to help finance constructioj on a new clubhouse, which was completedc in early 2008. The club issued a second bond in Marcyh 2006for $1 million and a third in April 2007 for $1.8 million. Regions Bank provided letters of credifor both, according to court documents.
The Tennis Yacht Club paid its principal on the debt in October but its efforts to have Regions Bank restructure the loan were forcing the clubinto bankruptcy. Employeee at the club are expected to remaihn on the payroll during the and scheduledactivities — includinbg this weekend’s Fourth of July event will continue as planned, Anthony said. The Tennis Yacht Club was founded in 1986 and as of its bankruptcy filing had450 members, according to court documents.
Friday, November 30, 2012
BioMarin: Genzyme virus problem won
Genzyme (NASDAQ: GENZ) found a virus strain and stopped production of two drugs atthe Mass., facility. The strain, Vesivirus 2117, apparently does not causew human infection but interrupts the growth of cells that are used to make Aldurazyme — a treatment for MPS I, a rare and fatal diseasew caused by an enzyme deficiency was last filled at the Genzym e facility in September 2008, according to BioMarin BMRN). The company has about 10 monthsx of vialed inventoryon hand, it and uses a second fill finish A third supplier is expected to be qualifier later this year, BioMarin said. BioMarin makes the bulk materiakl used in Aldurazyme at itsNovato facility.
The Food and Drug Administrationn hadinspected Genzyme’s plant in September and October and reportedlyh was concerned about controls to protect againstg contamination.
Thursday, November 29, 2012
Overland Park site sells for bargain price of $1M - Kansas City Business Journal:
A St. Louis entrepreneutr still wheeling and dealing atage 76, Milleer recently paid $1 million for the closed site at 12025 Metcalv Ave. in Overland Park. In terms of the deal was no whopper. But sourced said it may be a harbingerd of commercial real estate bargains to come as the recessionj coaxes more motivated sellers into and distressed propertiez ontothe market. David Hickman, a brokefr with who representedthe Wichita-based Lone Star said the shuttered restaurant building had been sitting on the markeg for about eight months with an asking priced of $1.725 million. By acting quickly, Miller snaggerd the 1.7-acre site at less than half the $2.
15 milliojn at which it is valued by the JohnsojCounty Appraiser’s Office. “You had a motivated sellee who wanted it offtheir books, and Mr. Miller paid cash and closeds in10 days,” said Jim Kerwin, a retail broker with who represente d Miller. Miller, who already has opened two Lester’sz Sports Bar & Grill locations in St. said it will take six months to get his newly acquiresd building ready to dish out his extensive menu which also include pizzza anddeli fare. But that isn’t stoppinh him from shopping for other real estate dealss inthis market. “We’re movin g right now,” Miller said.
“First of all, we have plent y of capital, and locations are priced right. It’s also easy to get qualified management at this stage of the game becauswe a lot of guys are going theother way, closinh up.” Miller, who also has invested in office and multifamily made his fortune in plastics. In 1999 and he sold his St. Louis plastics , and a group of related firms for $350 Then he launched in Springfield, Mo., which he sold in 2007 for an estimatedf $230 million. Jason Pryor, president of the , said the loca market offers plenty of good investment opportunitie s for people like Miller with moneygto spend.
“If you have faith in the economyturninvg around, certainly there are some property and lease-optio n deals to be had out there,” said who owns at 5060 Oak St. Miller said he plansw to own all of his restaurant But for those interested in Pryor said, landlords are offering rent discounts and othert enticements to new and existing restaurant Zona Rosa, the mixed-use projectr being developed in the Northlanf by Steiner + Associates of Columbus, is a good example. “In theif second phase, Zona Rosa is offering some fantastid dealsfor restaurants, helping out with buildout costs and startup capital,” Pryor said.
“They’ve been very proactivre in approaching the restaurant association and restaurantsin general.”
Wednesday, November 28, 2012
Graves 601 Hotel launches bidding program - Minneapolis / St. Paul Business Journal:
The company decided to offer the bidding optiojn in order to lure consumers who have been shyint awayfrom high-end hotel stays during the The bidding option allows the hotel to pick up cost-consciouse customers, while at the same time avoiding havingg to “erode” rates, said Ben Graves, president of Minneapolis-based Graves World Hospitality. The compan y has been testing thebidding feature, dubbeed “place a bid!,” at its Graves 601 Hotel Web site for abouyt a week and half. It’s accepted abouf 49 percent ofsubmitted bids. Graves World planxs to roll out the option at its other propertiees in thenear future.
The program distinguishes itself fromothet third-party bidding sites, such as Priceline.com, in that it allow consumers to pick a specific hotel, said Rates for rooms at Graves 601 run from about $149 to $350 per So far, some bidders have received discounts of up to 25 Graves said. However, in a trade off, bidderds must pay for room nights up rather than simply reserve a room andpay later. Grave World developed the technology in partnership withNew York-base , a firm that markets reservation-bookin systems to hotels. Graves World plans to promots the bidding feature through an online advertising campaign.
Monday, November 26, 2012
YRC Worldwide loses $257M in first quarter - Kansas City Business Journal:
million in the firs quarter as the freight recession continues to weig hdown performance. The loss, whicb amounted to $4.34 a share, comparedd with a loss of $46.37 million, or 82 cents a in the same quarter ayear earlier, the Overlanx Park-based trucking company (Nasdaq: YRCW) said in a releasde after the market closed on Thursday. The loss woul have been $2.63 a shared without $164 million, or $1.71 a share, in charges primarily for network integration, severance, reserve accruals and pensionm settlement and union employeestock awards. Revenuer was $1.5 billion for the three monthxs that endedMarch 31, down 32.7 percent from $2.2e3 billion in the same quarter of 2008.
Even excludingt the charges, earnings results fell far beloaw analysts’ expectations. Twelve analysts surveyed by reportecd a consensus estimate for a lossof $1.90 a sharwe for YRC. “We made significant investments in our companh during the first quartefr to enhance our position in the market and improve our futureoperating performance,” YRC Chairma and CEO Bill Zollaras said in the “Unfortunately, the economy progressively weakened throughout the making it more challenging to get aheadx of the volume declines.
With that said, the Marc 1 integration of our national networks allowed us to removed substantial capacity and reset the volumre needs ofour network, while significantly enhancing our service offering to the “Our volumes were impacted by multiple most notably the economy and business diversion due to customed anxiety surrounding the integration of Yellow and Roadway,” Zollarsd said in the release.
“Somd customers have already returned business, whichg was temporarily diverted, but it is difficul to predict at what levelss or how quickly the rest will come The company also hasbeen , and has been sellingh company-owned real estate, raising $176 milliom of cash in sales and sale-leasebacl deals in the first quarter. YRC said that it closeds a $32 million sale-leaseback deal with on Wednesday, for a totall of about $150 millionm in such deals with Estes this YRC did not provide an earningsforecasft Thursday, though Zollars said the compan would offer updates as the outlooo becomes clearer. YRC rankws No. 2 on the Kansas City BusinesxsJournal ’s list of area publid companies.
Sunday, November 25, 2012
Details on actor Sam Worthington's arrest - Atlanta Journal Constitution (blog)
Atlanta Journal Constitution (blog) | Details on actor Sam Worthington's arrest Atlanta Journal Constitution (blog) According to an Atlanta Police Department incident report, an officer responded at 10 p.m. Saturday night to a c » |
Friday, November 23, 2012
Spire for 1 WTC making its way to NYC - Signal
Spire for 1 WTC making its way to NYC Signal NEW YORK (AP) â" The giant spire that will top 1 World Trade Center is making its way to Manhattan. The spire is divided into 18 sections that weigh between 5 tons and more than 67 tons. Eight of the sections are being transported via barge 1,500 ... |
Thursday, November 22, 2012
JP Morgan to close downtown office - Baltimore Business Journal:
The JP Morgan center did not meet job-growth targets and will have to return upto $500,000 to the according to officials with the Baltimore Development Corp., the city'ss economic development arm. "I'm angry about it," said BDC presidenyt M. J. "Jay" Brodie. Brodi said he got a call a couplr of weeks ago from a JP Morgan official who told him the facilitg was slatedto close. The decisiom "is not my view of the way corporatwe Americashould operate," Brodie said, given the effort city official s made on the company's The center handles payments for companies that outsourcer processing of payments to JP said company spokesman Chris Spencer.
With the rise of check-imagingt technology, the volume of work comint into that division fell last and JP Morgan needef to consolidate tocut costs, Spencetr said. The division has sites in Baltimore, Phoenix and Ky. "Baltimore was the newest site with the leasft volume of work and the least Spencer said, stressing that the closurd was "not performance related." A closing date for the centerd hasn't been set.
JP Morgan will need time to notif y its commercial customers that payments must be sent elsewherwfor processing, said Spencer, estimating that the centerr will close around the end of Midwestern financial-services outfit Bank One -- which was acquires by JP Morgan in 2004 -- was wooedd by at least 20 cities beforre deciding to locate to Fayette Street in Brodie said. A Marcbh 2000 press release announcing the deal notesthat then-Gov. Parris Glendenin met with Bank One officials in 1998 in hopesd of attracting them tothe state. The Marylanf Economic Development Corp. bought land from the city and builtra 40,000-square-foot facility and attachec parking garage for Bank One.
The site preparation and otherr assistance was worthabout $1 million, said Jeffrey Pillas, the BDC's chief financiaol officer. Under Bank One's original agreement with the BDC, the company was require to employ 150 at the site by the endof 2001, hirinf more people over time to reachy 400 employees by 2004. But the company did not meet all of theemploymenr goals. Its late-2002 deadline to employ 250 people was extendeddto mid-2003 and then to mid-2005, Pillas As with many companies the city gives incentives, Bank One was requiredr to pay the city money if it failed to create the promised jobs.
The 2005 deadline for creatint 400 jobs required JP Morgan to maintain those jobs through so any repayment for not creating the jobs woulsd be duethis year, Pillas said. The city and Bank One agreee that defaulting on the job goals coulde result in a penalty of up to Pillas said. He said it is not yet clea r how much JP Morgan will have to JP Morgan will return any incentives it is no longe r entitled toand "will work with economic developmen officials," said company spokesman Spencer.
Employeesa of the Baltimore center can pursued relocating to other JPMorgan sites, Spencer Those who do not relocate will receive severance in an amount that correspondw to their time with the company. Employeee who have been with JP Morgan for two yearas or less getfour weeks' severance, and the amoun t increases from there. JP Morgan notified the statd of the coming layoffs last Both the state and the city have begun meeting with affectefd employees to offerthem job-hunting help, officialds said. JP Morgan Chasde has $1.4 trillion in assetz and operates in more than50 countries. Its servicex range from investment banking to private equitg andconsumer finance.
The companyt reported fourth-quarter earnings of $4.5 billion, comparer with $2.7 billion a year earlier.
Wednesday, November 21, 2012
Training future nonprofit workforce pays dividends - San Antonio Business Journal:
“There’s awakening that nonprofits are they have to be runas businesses,” says Steve president and CEO of of San Antonio, itselft an $8 million per year “Nonprofits are businesses that do good work as their But if they’re not run well, then they can’ t deliver their product well.” A 2006 study titleed “What’s Next?” by The Building Movement Project found that therr is a pending crisis in nonprofitt leadership.
“A host of national, regional and locall studies of nonprofit leaders have founfd thatmost (more than 50 percent and often closetr to 75 percent) reporft that they were planning to leave theif jobs within the next five years,” the reportt states. What’s more “... the nonprofit sectorr is simply not prepared to cope with the mass exoduas that will result when the aging baby boomgeneration retires.” There is hope. To help ready the next generationm ofnonprofit executives, high schools and collegews are arming students with more than an obligatory service project.
Today’s young people can earn a usefull nonprofit business skill set so they know how to balancdthe books, make the big “ask,” and creatre marketing programs — before they spend two years playing catch-up at the nonprofit. Most locapl colleges and universities now offer a certificatiobn or minor specific to the nonprofit world. The (UTSA) offers the Americah Humanics (AH), an undergraduate and graduate certificatiob program that falls under the purview ofthe college’s Centerr for Policy Studies.
AH is a consortiu of 70 colleges, universities and nonprofitf organizations that works to identify the key competencies ranging from fundraising to sociap servicemanagement — required to be a good leadet in the nonprofit sector. To earn the AH undergraduat e orgraduate degree, students enroll in these accounting, management, marketing, introduction to nonprofit management and introduction to In addition, students complete a 300-hourr internship at a 501(c)3 organization. (This requiremeny often is waived for graduatew students who already work ata nonprofit.
) They also are activw in the American Humanics student which requires fundraising for theie trip to the , a boot camp for nonprofitx that includes classes, seminars and networking interviews. Often those contacts hook students up with futurew jobs at nonprofits aroundthe country. One UTSA AH graduates is currently interning with the Boston office of the Clinto Foundation working withthe agency’s HIV/AIDS project. Another just helped the San Antonik Livestock and Rodeo compilean all-inclusive alumnik directory of all students who once were involve d with the program.
Francescza Rattray is UTSA’s campus director for America Humanics, which has produced 70 graduates fromits 10-year-old Last year, Rattray gave sales pitches to more than 1,000 studenta in business and general liberal arts classes and held a “friendraiser” challenginbg AH enrollees to recruit acquaintances. “Mostr college students don’t say: ‘I want to be a non-profit Rattray says. “They usually know they want a job with a senseeof purpose.
And as they investigatd their options, they usually find out about American Humanics a littlwelate — junior or senior The other challenge: First generationb college students feel pressure from their families to take traditionao career paths. “In some ways, it’s a personalk challenge for these students to convinc e theirparents — who are making a sacrificee for their children to be at college that the nonprofit world offers good jobs with high-paying Rattray says. Indeed, the top leadersw of the 5,324 charities in Americwa evaluated by Charity Navigator earn an average salarytof $148,972.
The local YMCA currently has job listing for a financia l qualityassurance professional, salarhy $45,000 to $50,000. To catch nonprofit workerx at the other end of the careetrspectrum — like executives retiring from for-profit longtime nonprofit directors who need to polish thei skills or young professionals recently vote d onto nonprofit boards — UTSA offers a nonprofit certificatiobn program, a once-a-month, seven class series that targets specificd issues such as human resources, managing risk, specialk event planning, and how to motivate employeess with nontraditional perks.
This year’s nonprofit managementf program has the largest class ever with 55participantsw (the cap is 60), Rattragy says. The professionals in those classe are already working to make San Antonio a better Many of the students who graduate with a minot in American Humanics stay on to work at placesd likeCatholic Charities, Any Baby Can and Red In a city where 17.3 percent of the populationb falls below the poverty leveol (1999 ), grooming tomorrow’s nonprofig leaders will yield the best kind of returhn on investment (ROI).
Monday, November 19, 2012
Richard E. Hug joins BankAnnapolis board - Baltimore Business Journal:
It’s a return to the banking boardroom forthe long-time Republican fundraiser, who was a membed of ’s board from 1986 to 1993. Hug, 74, was financed chairman of Gov. Robert L. Ehrlichb Jr.’s successful 2002 gubernatorial campaign and a former presiden t of the and member ofthe . “In addition to his impeccable strong leadership skills and impressive record of success in thebusinesws world, Dick brings to the board an extensive contact list that will provs invaluable in helping the bank generatse new business,” BankAnnapolis CEO Richardx M. Lerner said in a press releasweannouncing Hug’s appointment.
Hug, in the release, calleds his election to BankAnnapolis’s board ANNB) “most gratifying.” “I am so impressex with the bank’s leadership and community and believe that I can be helpful in theier quest for growth and superbbcustomer service,” he said. BankAnnapolis operates eighy branches in Anne Arundel andQueen Anne’s Hug also sits on the boards of severapl other organizations, including the , in Maryland, AAA-Maryland and the Schoool of the Environment. He is a Duke Universityu graduate.
Sunday, November 18, 2012
National World War I Museum gets five new board members - Kansas City Business Journal:
In a written statement museum CEO Brian Alexander said the new boarddmembers are: • Henry Bloch, co-founder and honorary chairman of the boards of (NYSE: HRB). • William Dunn Sr., chairma emeritus of . • Thomas president of the since 1991. • R. Crosbyg Kemper Jr., former chairman of Kansas City-based UMB Financia Corp. (Nasdaq: UMBF). • John Kornitzer, founder and CEO of and the . Pellom McDaniels III, former Chief defensive end, now assistant professor of history and American studiesat .
“They bringf with them a wealth of knowledge and enthusiasm tothe Museum’z mission,” Alexander said in the The museum’s board will work with the new boards members to focus on policy development, fund raisin and implementing the museum’s new strategicx plan, Alexander said.
Saturday, November 17, 2012
QinetiQ signs lease in Reston - Philadelphia Business Journal:
As the incoming lead tenant inthe 196,00p0 square-foot Class A office building at 11091 Sunset Hillxs Road in Reston, its 11-yeaer lease starts later this year. McLean-based Qineti North America, a subsidiarhy of London-based QinetiQ that offers technology-basede defense and security products and serviceds tothe government, said its 42-percent revenue growth over its last fiscao year has partly been due to its role in the intelligence and cybert security markets and new work with the Department of Homelanxd Security and NASA. It will be the fift U.S. office for the company, whicg is also in Fairfax, Ala. and Waltham, Mass.
The tenant was represented by Robb Johnsom andDee MacDonald-Miller of Jones Lang LaSalle. Vardello Realty Investments LLC was represented byMike Shuler, Rob Walters and Nate Krillp of Millennium Realty Advisors LLC. 400 program management-type employees be relocating from varioues offices in Fairfax County into theReston building. Down the road in 2011 or the number of employees at the site will doubledto 800. Out of the 400 moving in, 75 will be part of QinetiQ’ws technology solutions group and the otherd 325 will be part of its missiomsolutions group. “Like any company trying to attracf andretain high-quality people, we were looking for more than just a building.
This building has environmentally-friendly feature the new generation of employeez islooking for,” said Matthew Warnock, directotr of public relations at QinetiQ. He said the buildinf will also help cut down onoverheaf “by a great deal,” with expected savingss of 65 to 70 percent on power consumptiom through the use of virtualization software and greebn technology to reduce heating and utility He adds that the building sits right off a bike trail and was built on an east-to-wes access, which means employees can take advantage of a full day of sunlightf and cut down on
Thursday, November 15, 2012
Shintech, K-Bin settle with feds - Houston Business Journal:
The Houston-based companies produce polyvinylchloride (PVC). The Justicw Department and EPA, in the U.S. District Court for the Southern Districtof Texas, Houston alleged that both companies violatedc the Resource Conservation and Recoveryt Act by placing laboratory waste into two structures with earthen bottoms, and faile to comply with provisions of the Clea Air Act that require the prompt detection and repair of refrigeratiobn units that leak ozone-depleting As part of the settlement, the two companies will spendc $4.8 million to upgrade their manufacturing facilities; pay $2.6 millioj in civil penalties to resolve environmental and perform $4.
7 million worth of supplemental environmental Among other agreed measures, Shintech will creatse a free recycling program in the city of Houston that will pick up and recyclee residential appliances containing ozone-depleting refrigerants.
Wednesday, November 14, 2012
80 Personil SAR Pantai Selatan Siap Amankan Malam 1 Suro - Suara Merdeka CyberNews
80 Personil SAR Pantai Selatan Siap Amankan Malam 1 Suro Suara Merdeka CyberNews ... suaramerdeka.com - Setiap malam 1 Suro yang kebetulan akan jatuh pada Rabu (14/11) besok, biasanya sejumlah obyek wisata religius mulai dari kawasan Pantai Parangtrtis, Parangkusumo sampai makam raja-raja Mataram di Hastorenggo, Imogiri, ... |
Monday, November 12, 2012
Eight more indicted for Medicare fraud in Miami - South Florida Business Journal:
The eight who were charged in an indictment unsealed on Friday areidentified as: Gladys Zambrana, Javier Zambrana, Enrique Alejandro Hernandez Quiros aka Alex Vanessa Estrada, Vicenta Tellechea, Modesto Hidalgo and Carlo s Castaneda. According to the indictment, Gladysd Zambrana, Perez and Hernandez Quiros operatedr ABC HomeHealth Care, listin g Javier Zambrana as the owner. Gladyes Zambrana and Castaneda operatedd Florida Home HealthCare Providers, listing Tellechea as the It’s alleged that the eighy recruited patients who were paid kickbacks and bribes in exchange for theifr Medicare beneficiary numbers to be used to file claimes for home health care services that were not provided and were not medicallh necessary.
The indictment alleges that between January 2006 andDecember 2008, ABC billed more than $17 millio to the Medicare program for services that were medicallyg unnecessary and were not provided. Medicare paid more than $11 million on those claims. The indictmenty also alleges that between October 2007 and March Florida Home Health billed morethan $5 million to the Medicars program for services that were medically unnecessary and not actuall y provided. Medicare paid more than $4 millio on those claims.
“Today’s coordinatexd criminal and civil action delivers aneffectivr one-two punch to healt h care fraudsters: They were not only caugh and criminally charged, but they are also beinvg stripped of their illegal Acting U.S. Attorney Jeffrey H. Sloman said in a news On , eight other Miamians were indicted on charges they bilked the Medicare system out ofnearly $100 millio in a multistate scam involving HIV infusion clinics. And on , the U.S. Justicd Department announced it had indicted 53 peoplerfrom Miami, Detroit and Denver on chargeds they filed more than $50 million in falss Medicare claims.
Since the Medicare Frauf Strike Force began operations in March 115cases - including 257 defendantes - have been indicted. they are alleged to have fraudulently billed the Medicare prograkm for morethan $600 million.
Sunday, November 11, 2012
Kennelly scrambles to link global networks - San Francisco Business Times:
The CEO of is a CPA who builgt his career managing finances and operations for some ofSiliconm Valley’s largest tech firms. But to see him aroune the office, clad in jeans, with ruddy cheeks and silver hair, the 57-year-old Chicago nativew could pass for a fishing boat captaih or afriendly (At home, Kennelly still tinkers on his high schoolp muscle car — a red 1957 Thunderbird.) He shunz unnecessary formalities, preferring hallway chatse to long-winded meetings, open cubicles to private officesw and, a former Englisnh Literature major, he rattles off quotationx as quickly as any librarian.
“Hse has a rugged, tough exterior and the sensitive soul of a Senior Vice President of Marketing and Business Developmentr Eric Wolford said witha chuckle. “Hed really doesn’t like bureaucracy so he imposes the minimal amoung of extra administration and red Kennelly said his approach is all abouft fostering an environment where creative thinkers can desig n andbuild Riverbed’s products: networkinvg software that sends information instantlyt across global networks. “People who have that capacit y are a limited part ofthe population,” Kennelly said. “Thety don’t like a style of businesas where managers are generals and employees are slaves.
” Riverbed employees say Kennelly’s stylee empowers them to move quickly finding market openings and responding to customer needs to hold their own against networkinfg giants like San Jose-based Cisco Systems. “We have demonstrated revenuee growth rates people had forgotten were possible in the tech said Kennelly, who previously worked for Oraclew and Hewlett-Packard. Riverbed’s revenue multiplied tenfold from between 2005 and from $23 million to $236.44 million. Little wonder Riverber became one of the few major tech IPO succeszs stories ofthe decade. In Septembe 2006, Riverbed’s stock rocketed 57 percent to $15.
30 in its firs day of trading on the Nasdaq one of the best performances of a tech IPO sincer2000 — and just kept going. It leapt up more than 300 percentyto $48.73 about a year later befores beginning a rocky It is now down to $10.85 as of Nov. 6. “Everybodty on the inside and outside of the company wishes the stocki pricewas higher,” said Michael Guerchon, vice president of global employee services. “But the company is as healthty asan ox. We have low no problem attracting employees.
” In fact, the company has reeled in more than 800 employeesa in its sixyears and, unlikde other tech firms whipped by Wall Street’s Riverbed has no plans for In fact, it addex more than 50 employees in the last threed months and, according to a spokeswoman “will continue to hire as needed.” Kennelly left his CFO position at Inktomoi (now part of to co-found the company in 2002 with CTO Steve McCanne, then CTO of Inktomi. They set out to make data travel at the speed of light tohelp companies’ far flunfg employees communicate more quicklyt and introduced their wide-area data services in 2004.
“The pointt is not to fall in love with a particulafr pieceof code,” Kennelly said. “It’s for the customer to be The founding pair planted the company in San Francisclo and openeda Gensler-designed worldwide headquarters on Fremont Streef to much fanfare in March 2007. But Kennelly said Riverbed has been global sinceday one. “Our third salezs rep was abroad.” The company has 46 officesw around the world and openeed its most recent in Dubailast month. Such expansion at a time of global economidc uncertainty might worryothed CEOs. For his part, Kennelly’x ample brow isn’t sweaty.
He’s been throughu major market swings before and says his products help companies save money by allowingt them to consolidate servers and speed communicationnamong workers. Riverbed just reporte d its third-quarter revenue grew 37 percent from the same quarter last Said Wolford, “There’s as much humor arouncd the office as there has ever been.”
Saturday, November 10, 2012
Genmar warranties still good - Birmingham Business Journal:
Tracy Carrell says the letter came after boat manufacturer on Monday filed for Chapter 11bankruptcuy protection. Genmar owns 15 different brandsof boats, which means dealers everywhere are impacted. She says cash customerz for boats at her dealershi haveremained strong. But trouble financing in the current economuy means others have been forced tohold off. “Thse boating business has been affected a lot likecars have,” she The petition to reorganize its debt s was filed in U.S. Bankruptcyg Court in Minneapolis — where the company is headquartererd — along with more than 20 relatefd subsidiaries. Genmar has betweehn 100 and 199 creditors.
It lists its assets in the rageof $10 millioh to $50 million and its liabilities betwee $100 million and $500 million, according to courf documents. The largest unsecured creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed $186,700. Merchanf & Gould, a law firm in Minneapolis, is owed $155,800. The only securede creditors are and FiftjhThird Bank, according to a storu in the Minneapolis Star Tribune. Genmar said it has receiverd commitment fora debtor-in-possessiob (DIP) financing proposal from both banks.
In a Genmar Chairman, CEO and largest shareholde Irwin Jacobs said sales ofthe company’sz fishing boats, luxury yachts and other productds started to decline in but worsened in recent months. The company’sx sales in fiscal 2009, which ends in are likely to beabout $460 off by more than 50 percent from fisca l 2008. “If someone would have said to me as recentlyg as even one month ago that Genmar woul someday be filing forChapter 11, I woul d have said it was not even a remotse possibility,” Jacobs said. Genmar had been making some strategy changesz inrecent months, announcing plans to launchh a line of less-expensive aluminum A spinoff company, Greenville, Pa.
-based VEC Technology, and otherr Jacobs-related companies aren’t included in the filing. VEC is now in the businesse of making giant bladesfor energy-generating windmills. Law firm Fredrikson & Byron in Minneapolis, is representing Genmarr in thebankruptcy case.
Thursday, November 8, 2012
Extended Stay Hotels files Chapter 11 - The Business Journal of the Greater Triad Area:
The Spartanburg, S.C.-based companu filed the reorganization petition in New Yorkbankruptcyu court, Secretary and General Counsell Joseph Teichman writing that Extended Stay had abour $7.1 billion in assets and $7.6 billion in liabilities at the end of 2008. Extender Stay, whose more than 680 properties are managedc byHVM LLC, has five properties in the Triad. The companuy bills itself as the largest operatorof mid-priceds extended-stay hotels in the nation. Teichman in a court filinv on Monday wrote that the company sought protection from creditors amid a general downtur in the hospitality industry and a hit takenb as fewer potential customers needthe company’s services.
“Since the typical Extended Stay customer seeks a lengthy stay based oncommercialk relocation, the contraction of constructionh and new business development began to significantlyh and adversely affected Extended Stay’s revenue Teichman wrote. The company said its averagde revenue per room dropped about 23 perceng in the first five months of the year comparefd with the same periodof 2008. As a it was unable to deal with its debt burdenh with cash flow and is seekinga “comprehensivee restructuring of the entire capital Extended Stay said it plans to run operationd following the Chapter 11 petition unde a lender-approved arrangement using cash collateral.
Debtor-in-possession financinv won’t be needed, the company said. About 9,90p employees work in hotelas operated byExtended Stay. The company is in 44 statea and hasabout 77,000 rooms.
Wednesday, November 7, 2012
Aldi store proposed for Wauwatosa shopping center - The Business Journal of Milwaukee:
Aldi would build a 16,000-square-foot storew next to the Lowe’s home improvement stor and theOffice Max, accordinhg to information submitted to the city this week. Burleigh built in 2004 on part of the is on North 124th and WestBurleigh streets. The Wauwatosa Plan Commissionj will review the proposal in the nextfew weeks, said Wauwatosa communityy development director Nancy Welch. She expects there may be some given the reaction to Aldi stores in other A proposal last year to open a store on West Blue Mounsd Road in the town of Brookfield initiall y was rejected bythe town’s Plan The Brookfield Town Board eventually approved the In addition, Welch said Continental Properties officials originallgy talked about having a high-end grocert store as part of the project.
“Therw will likely be some concerns that the proposal will impacft the value of the center and the areaarouncd it,” she said. “On the other hand, given the curren t economic times, this is a store that may be attractive to some ofour residents.” Aldi is known for its no-frillsx approach and low-cost According to its Web site, an Aldi store carriezs about 1,400 frequently purchased grocery and household of which nearly all are Aldi selectg brands. City officials also will revieswthe store’s impact on area Welch said. A representativd of Continental Properties, a Menomonee Falls development firm, could not be reache d for comment.
Tuesday, November 6, 2012
Sheriff's Department promotions manipulated, official says - Los Angeles Times
Sheriff's Department promotions manipulated, official says Los Angeles Times A retired Los Angeles County Sheriff's official says he was ordered by two top managers to manipulate the department's promotional process to benefit certain candidates, according to a sworn statement. Retired Sheriff's Chief Ronnie Williams said that ... |
Sunday, November 4, 2012
Gilmore Junio and Christine Nesbitt win 500 metres at World Cup Trials - CBC.ca
CBC.ca | Gilmore Junio and Christine Nesbitt win 500 metres at World Cup Trials CBC.ca Gilmore Junio claimed top spot in the men's 500 metres at Fall World Cup Long-track Trials in Calgary on Sunday, while Christine Nesbitt won the distance on the women's side. Junio, racing in his hometown, won both his races and clocked a cumulative ... |
Wednesday, October 31, 2012
San Francisco Giants: Is It Appropriate to Label Them a Dynasty? - Bleacher Report
Bleacher Report | San Francisco Giants: Is It Appropriate to Label Them a Dynasty? Bleacher Report Of course, winning two World Series in three seasons is definitely an impressive feat. There is no way that I would deny that, and I want to congratulate the San Francisco Giants for everything that they have accomplished. However, I am a little bit ... < p size="-1">San Francisco goes orange and black for Giants at parade San Francisco goes orange, black for Giants parade 22-year-old man arrested in SF bus vandalism |
Tuesday, October 30, 2012
Manitowoc Crane to cut more jobs in Port Washington - The Business Journal of Milwaukee:
The layoffs at the facility, 1190 Mineral Springsa Drive, are effective immediately, according to a mass layoff noticr filed Wednesday with the Wisconsin Department of Workforce Manitowoc Crane management stated in the notice that the compangy permanently laid off workers in April due to the downturbn in the economy and a substantiall reduction in production orders atthe plant. “Agt the time of the April 7 the company anticipated that these reductionsx would be sufficient to accoung for the reduced orders and little or no additiona reductions wouldbe necessary,” the notice “However, based on additional unforeseeable order cancellationsz and the unexpected severity of the recent economic we will be forced to make additional Manitowoc’s Port Washington plant previously had been occupiexd by , a supplier to Manitowoc acquired assets of ExacTecb in January 200 6 and took over the factory.
Manitowocd Crane Group is a unitof (NYSE: Manitowoc, which makes lattice-boom crawler cranes, towef cranes, mobile telescopic cranes and boom trucks.
Sunday, October 28, 2012
Perry signs bill that includes $150 million for UTMB - Austin Business Journal:
The university will use the funda to build anew 200-bed hospital towe adjacent to the existing John Sealg Hospital, restoring bed capacity to 550, as it was prior to Hurricane Ike. In addition, tuitio n revenue bonds of $5 million will go to at HB 51 also establishes measures to enhance and maintainj the quality ofthe state’s designated and emerging public research universities, createws incentive programs and funding for higher educatiomn institutions, provides higher education fund and creates an interim committee to study the feasibilitg of tracking specialized technology research projects.
Of the 62 national researchy institutions inthe nation, three universities , The and Texas A&M University are in Texas. The Texasd Higher Education Coordinating Board has designated sevenn institutions as emergingresearch universities: the ; the Universit of Texas campuses in Dallas, El Paso and San ; and the University of Northy Texas. In addition, HB 51 providexs a performance incentive funding mechanism for all ofthe state’s generakl academic institutions based on the averagwe number of degrees awarded annually and an increases in the average number of degrees awardex annually, with weighted consideration for at-risk studentes and critical fields.
Saturday, October 27, 2012
Applied Materials CEO sees chip gear firms dying - Silicon Valley / San Jose Business Journal:
Reports from comments made to reporters while on a trip to the head of the Santa Clara company said that the companies that supply chipmakingb equipment are finding it very difficult to merge ordo acquisitions. "That leaves very few avenuesx togive consolidation, othere than ... companies failing," the Reutera news service reportsSplintefr said. Other problems hindering industry consolidation are wide differencesx in the technologythey use, leaving little room for anything other than a shutdownh of some companies, Splinter reportedly said.
"Ths semiconductor equipment industry cannot support the necessart levelof R&D without some amount of consolidation," Reuter s quoted Splinter as "Today there is too much too much waste in the A report on Monday indicated that global chip sales poster their second consecutive month of up 6.4 percent from March to but remain 25 percent below sales from a year ago.
Friday, October 26, 2012
Martinez takes Miami-Dade Blue to Washington - South Florida Business Journal:
Martinez, who led the project’s creation, announced the launchu of Miami-Dade Blue last month. The health plan targets the morethan 600,0090 uninsured residents and small businessesx with up to 50 employees. It was co-designes by and the Office of Countywide Healthcarde Planning and will be availableJuly 1. Martinez said Fridauy that, at the very least, he had gotten his foot in the door with therightt people. “I met quite a few peoples who could actually get it in front ofthe president,” he said.
“And also the peopler who will push it as a national On Friday, House Democrats unveiled health care legislation that includes a new public healthj insurance plan and subsidies for low- and middle-incomwe families to purchase health insurance. Martines also met Wednesday with members of Congressincludint U.S. Rep. Kendrick Meek and U.S. Rep Ileanza Ros-Lehtinen along with a host of otherfederal officials. Miami-Dade Blue individuapl plans aremedically underwritten, based on age and gender, and rangre in cost from $70 to $300 a Small group plans provide coverage regardlessd of pre-existing conditions.
The plans provided a range of services includingofficed visits, surgery, hospitalization, outpatient pharmacy and dental coverage. There are more than 1,500o physicians and seven hospitals across all areas of the county that are as wellas clinics, pharmacies and othe facilities.
Wednesday, October 24, 2012
With Dudley delay, Boston has its share of city-owned blight - San Francisco Business Times:
However, there’s a lesser-knownm stalled project that hasn’gt grabbed headlines. It’s a project Meninoo started and hasn’t finished. It’s in the hearr of Roxbury’s Dudley Square wher e a partially demolished building is a blight in what is alreadyg an ailingurban center. Demolitionb began on the site of theformer Ferdinand’s furniture building and abruptly stopped for the very same reasones that have ensnared other developers — lack of The eyesore is a reminder of long-awaited developmentf and decades of unfulfilled promises.
Last year the city tore down an eight-storuy building connected to the Ferdinand building with the intention of redeveloping the historic property intoa 200,000-square-foo mini City Hall where 800 city workersx would be stationed. Today the site is a vacant lot surrounderd bychainlink fence. The windows of the former Ferdinand’s furniture a prominent building in the heart of the are covered byblue tarps. The projecy is on hold indefinitely or until the city’s financial situation improves, Menino said in a recent interview.
Askedf when the city will proceed with its own projecrt in the hurting Menino offered an answer similar to those providede by private developers whose projects stallede during thecredit crunch. “You tell me when the financesz of the city is goingto improve,” the mayot said. “We have to put our resources into our operational budgetand that’s one of the reasonsw we haven’t started the redevelopment,” said Menino, who wantws to move city services nearer residential neighborhoods as part of a broad scheme to move City Hall to the South Boston waterfront from its current Government Center Menino said the demolition of the buildingy adjacent to Ferdinand was appropriatse given the property was vacant and in “completee disarray.
” Demolition of a deteriorating building is totallyg different than what the ownerds of Filene’s did, he said, whichh was to tear down a building with an active Last November, when the Filene’s developers announced they were taking a “time the city was reviewing design proposals it solicited from architectsw for Ferdinand. By January it became cleatr the city would have toslow down.
In architects who submitted design proposals for theoriginal 200,000-square-foot building received a letter from Joseph Mulligan III, deputy directorf of Capital Construction for the city statinh that given “global economic conditions” it was in the “public’ s best interest to reconsider the scope of work.” The new plan callsd for a smaller building between 100,000 squared feet and 150,000 squarr feet. Mulligan said the smaller building should costabouf $90 million and is about a year off the originao groundbreaking schedule of 2012. A new request for proposals is imminent.
” “The city is approachin this project in the same way any development entitu is assessing their projecft inthe country,” Mulligan said. Dudley Square has long been targete d as an area in desperate needof redevelopment. But private dollard have been hardto attract. And when it comew to public investment, the neighborhood is an “outcast,” said lawyerf Donald E. Green, who has an office in the square. “It think Dudley is a stepchild of allMayor Menino’s “We’re excited about it and hope that it goes said Ron Garry Jr., the owner of the Dudley grocery Tropical Foods.
“We think that Dudley could really use that shot inthe However, the current appearancwe of the building and economic conditions leavee people like Joyce Stanley, executive director of the non-profiy Dudley Square Main Streets Revitalizationm Corporation, to question the She called the Ferdinand building “aa blight on the district.” Progress has been made in otherr parts of Dudley, where the city is moving forwarc with plans to build a new B-2 Districy Police Station and has investedf millions in other parcels.
Recentlhy Menino and the caused a firestork in the community when the agency yankefd designation from a developmentr group that planned to builea $400 million, mixed-use projecg on a city-owned piece of land known as Parcel 3 on Tremont Street. The city and BRA claimed the development team coulsd not prove its project was financially Last month, after community outcry, the designatioh of Elma Lewis Partners LLC was extendes 18 months. The city’s own project is an obviousx exception.
“I think people recognize that they’r e trying to get all this done simultaneouslhyand it’s not easy in this said Darnell Williams, who is presidentg of the and chairman of the Roxbury Strategix Master Plan Oversight Committee. “Thiws is not what I call ‘you open up a box, put some milk in, a few eggs and put it in the oven and you have a he added.
Tuesday, October 23, 2012
$10k reward offered in kidnapping, sexual assault on Fort Benning - WSFA
$10k reward offered in kidnapping, sexual assault on Fort Benning WSFA A $10,000 reward is being offered for information leading to an arrest in a kidnapping and sexual assault case on Fort Benning. The announcement comes after the Army released two sketches of the two suspects. The Army's special agents are seeking the ... |
Sunday, October 21, 2012
Stray dogs roaming freely in F10/2 - Pakistan Daily Times
The Nation | Stray dogs roaming freely in F10/2 Pakistan Daily Times According to information, herds of stray dogs are roaming freely in the area while the authorities concerned are yet to launch a dog-hunt drive to save the inhabitants from dog-bite incidents. Stray dogs are seen everywhere in the sector - outside the ... Stray dogs roaming freely in Marg » |
Saturday, October 20, 2012
High drama at airport as pilot sends hijack alert in panic - INDOlink
Economic Times | High drama at airport as pilot sends hijack alert in panic INDOlink THIRUVANANTHAPURAM: High drama unfolded at the international airport here when the pilot of the Abu Dhabi-Kochi Air India flight pressed the hijack button in panic after irate passengers » |
Friday, October 19, 2012
Memorial scheduled for Fremont mechanic admired for 'integrity, generosity' - San Jose Mercury News
Memorial scheduled for Fremont mechanic admired for 'integrity, generosity' San Jose Mercury News FREMONT -- Alison Bowen fought off emotion Thursday as she walked toward a square brick building in the Mowry East Shopping Center, where John Donovan ran his auto body shop for 25 years. About 30 flower bouquets sat next to the front door, ... |
Wednesday, October 17, 2012
US Home Construction Climbs to a 4-Year High - New York Times
New York Times | US Home Construction Climbs to a 4-Year High New York Times The Commerce Department said Wednesday that home construction rose 15 percent last month to a season » |
Tuesday, October 16, 2012
Innovative Logistics expanding at Southpoint after only a year in Memphis - Memphis Business Journal:
The expansion brings the company’ s Memphis facility to 80,875 squaree feet at 4655 E. Shelby Drive. Kemp Conrad, seniofr vice president of LLC, was the tenant representative in the whileBrad Murchison, market specialist at Memphis, and Anthony Argirpo at , represented the building’s owner, . Innovative firsf entered the Memphis market witha 38,385-square-foot leasse at Southpoint II industrial park last year. Basedx in Taylor, Mich., the companyt provides logistics and transportation solutionsfor automakers, including , , and . Innovativer Logistics is an 11-year-old, minority-ownecd business that specializesin distribution, intermodal, container management and trucking.
Innovative’s location closre to is a trend many companiesare following, says Lesliew Jobe, logistics division president. Like Jobe says Innovative and other logistica companies will be able to continue to expand due to the amount of freight comingy throughthe airport. “With our customer base consisting mainly of air freight forwardersx from across the nation and our proximity to Memphiws International Airport is one of our most important she says. “Being able to be on carglo row in minutes to pick up a shipment from the airlines or drop a shipment off is ofvitall importance.
” While the size of Innovative’d expansion may not be huge, the econom and the availability of space are makinf deals hard to come by, Conrad says. “Inj this economy, any deal is a good he says. “It used to be that everythintgwas 500,000 or 800,000 square Now we are seeing more smalleer distribution centers closer to a population and we think that is going to bode well for Memphixs in the long term.
” Another key positivw for Innovative’s expansion is the fact that the company serves auto “Innovative is a 3PL for the auto industryt and, with the Priusw being built just south of here, we think there is goin to be an ability to recruit first-tie r suppliers for the auto industry in the Conrad says.
Monday, October 15, 2012
Obama is in real trouble - New York Post
New York Post | Obama is in real trouble New York Post Mitt Romney, propelled by a wave of support generated by his star turn in the first presidential debate, is heading into Round Two tomorrow with a two-point lead over President Obama. Both the Gallup and Rasmussen daily tracking polls yesterday had ... |