Monday, December 31, 2012

Small company cashing in on an assist from a big business - Business First of Columbus:

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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:

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• 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:

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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:

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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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KpopStarz


Park Shin Hye, Plastic Surgery Suspicions "I Didn't Get Any"

KpopStarz


Park Shin Hye, Plastic Surgery Suspicions "I Didn't Get Any". Park Shin Hye clarified the plastic surgery rumors of her. December 25, 2012 11:17 PM EST |, 0, EMAIL, PRINT. park shin hye, taxi, my flower boy neighbor. park shin hye plastic surgery. Park ...



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Monday, December 24, 2012

State ID Program to Now be Administered by Counties - Maui Now

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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:

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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:

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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)

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Dallas Morning News (blog)


Car trying to beat DART train caused crash that shut down downtown Dallas rail ...

Dallas Morning News (blog)


“The initial indications are the vehicle tried to beat the train through the the intersection at Pearl and Bryan,” Morgan Lyons told our Christina Rosales. “No one in the car was hurt.” Lyons said only one person o n the train was taken to Parkland ...



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Tuesday, December 18, 2012

Report assesses success of transportation stimulus in states - Phoenix Business Journal:

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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:

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“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

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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

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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:

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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

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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.

Thursday, December 6, 2012

Dow slides a bit but NASDAQ up; Crocs leads Colorado gainers - Denver Business Journal:

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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:

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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.

Sunday, December 2, 2012

Regions Bank gets control of Treasure Island Tennis & Yacht Club - Business First of Buffalo:

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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.