Over-signing is SEC hot-button issue - Atlanta Journal Constitution

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Over-signing is SEC hot-button issue Atlanta Journal Constitution Over-signing appears to be the hot-button issue for SEC school presidents, athletic directors and coaches who attend the conference's annual spring meetings, which begin Tuesday in Destin, Fla. SEC commissioner Mike Slive will introduce a legislation ... and more »

ECtel Schedules Second Quarter Results Release for Wednesday, August 5th, 2009

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The company will host a teleconference to discuss the resultws later thatsame day, at 10:00 am Eastern Time (9:00 am Central Time, 7:00 am Pacific Time, and 5:00 pm Israelk Time). Mr. , President & CEO, and Mr. , Seniort Vice President & CFO, will co-host the call. To please dial one of the following numbers, and requesrt ECtel's Second Quarter 2009 Earnings ResultsConference call: A Webcast replay of the earninga call will be available after the call on the Company's web site at: ECtel'd management looks forward to your participation. ECtelp (NASDAQ:ECTX) is a leadingh global provider of IntegratedRevenued Management(TM) (IRM(TM)) solutions for communications servicee providers.
A pioneering market leader for nearlyh20 years, ECtel offers carrier-grade solutionse that enable wireline, wireless, converged and next generationh operators to fully manags their revenue and cost processes. ECtel servezs prominent Tier One operators, and has more than 100 implementationz in over 50countries worldwide. Establisher in 1990 ECtel maintains offices and presencse inthe Americas, Europe and Asia. For more visit . Certain statementds contained in this releasecontaih forward-looking information with respectt to plans, projections or futur performance and products of the Company, the occurrence of whicj involves certain risks and uncertainties.
Althougb we believe the expectations reflected insuch forward-lookinh statements are based upon reasonable assumptions, we can give no assurancr that our expectations will be obtained or that any deviationds will not be material. Such statements involve riskws and uncertainties that may causwe future results to differ fromthoser anticipated. These risks include, but are not limited to, the effects of general economic conditions, the possible slow-downj in expenditures by telecom adverse effects of market competition and the impacty of competitive pricingand offerings, ,the reoccurrencse of sales to existing the ability to recognize revenuse in future periods as the unpredictability of the telecom market, producr and market acceptance risks, ability to complete development and market introductionb of new products, fluctuations in quarterly and annual resultz of operations, dependence on severalo large customers, commercialization and technological risks related to our operations in Israel and risks associated with operating businesses in the international market.
Thesr and other risks are discussed at greater length inthe Company'ds annual report on Form 20-F and otherr filings with the Securities and Exchange ECtel may elect to updatd these forward-looking statements at some pointf in the future, however the Compant specifically disclaims any obligation to do so and undertakesz no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstance s after the date hereof or to reflect the occurrence of unanticipate events. Company Contacts: ECtel Ltd. Michael Neumann Senioer Vice President andCFO Tel: +972-3-9002102 Fax: +972-3-9002103 mickeyne@ectel.com ECtel Ltd.
Dana Rubin MarCom Managetr Tel: +972-3-9002656 Fax: +972-3-9002103 Email: ir@ectel.com IR Contacts: Ehud Helfgt Kenny Green GK Investotr Relations Tel: +1-617-418-3096 +1-646-201-9246 Email: info@gkir.coj

Honda India Unit To Invest About INR15 Bln To Up Two-Wheeler Capacity - Source - Wall Street Journal

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Honda India Unit To Invest About INR15 Bln To Up Two-Wheeler Capacity - Source W »

NCR moving HQ to Duluth, to bring 2,100-plus jobs to Georgia - Triangle Business Journal:

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adding clout to metro Atlanta’s technologyg reputation. NCR will relocate 1,250 corporate jobs to its GwinnetytCounty operation, a source familiar with the plan The company is also expectec to launch a 550,000-square-foot manufacturing operation in Columbus, Ga., wheree it will employ nearly 880, the sourcr said. Georgia Gov. Sonny Perdue is expectedf to make the official announcement NCR CEO Bill Nuti andOhio Gov. Ted Strickland spokee by phoneMonday evening, and Nuti told Strickland the companu has been looking at Georgia for some an official in the Ohio governor’s officw told Atlanta Business Chronicle sister publication Dayton Businesse Journal (DBJ).
In a letter to Nuti obtained by theChronicle , Strickland to convincee Nuti to keep the company in On May 31 , the Chronicle , and the DBJ , firsrt reported . NCR (NYSE: which makes automated teller machines andretail self-checkouts, will be Georgia’s 14th Fortune 500 compang and the second in Last July, (NYSE: ABG) announcefd the relocation of its headquarters to Duluthu from New York. NCR, which employs 20,000 employees globally, rankedd 446 on the 2009 Fortune 500 The company, which did not return calls Monday, reportec a $228 million profity on $5.3 billion in revenue last year.
Last NCR said it would move its Worldwides Customer Services headquarters tometrko Atlanta, investing $15 million and creating more than 900 jobs in Peachtrede City and Duluth. In NCR said it would co-locatw an NCR Learning Center and its Customee Care Center hub for the Americas region withthe company’sd existing Global Service Materials operation in Peachtreew City. NCR, which occupies about 150,000 squares feet at its Satellite Boulevare operationin Duluth, will leas an additional 100,000 to 200,000 square feet at that The corporate jobs will pay on average aboutr $70,000 annually.
The manufacturing distribution operationn will be in two buildings and will make according tothe source. Employees at that facility will make on averageeabout $43,000 annually, the source said. NCR received tax incentivesa from both Gwinnett andColumbus governments, the sourcer said, declining to disclose details about the state’s incentivse package. While Dayton -- where NCR was founded in 1884 -- is the company’sd official headquarters, the city is not the center ofthe company’ s influence. Nuti, along with the company’s chieg financial officer and othersenior executives, maintainj offices on an entire floor of 7 Worldr Trade Center in Manhattan.
In NCR removed the language “world headquarters” from the sign at its Dayton campus. Nuti will not be moving to Relocating to Atlanta the commercial capital of the Southeast makes sense for the Four of the cities inOhio Youngstown, Canton, Dayton and Cleveland— are among the top 10 dyinb cities in America, accordinfg to an August 2008 report in Forbes. “Thegy [NCR] can’t recruit talent to move to Dayton, the source said. (NYSE: (NYSE: HD) and (NYSE: STI) -- big NCR customer s -- are also basedx in metro Atlanta.
NCR supplies Delta with self-servicse kiosks, and NCR and Home Depot announced a deal in 2002 toinstallo self-checkout lanes in aboutg 800 of its 1,487 stores. In the two companies announced a deal to expanr the project into Home Depot storesin Canada. In SunTrust said NCR would upgrade existing ATMs and provide new ATMs for all newSunTrusrt branches.

Substance found deemed harmless - Iowa City Press Citizen

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Substance found deemed harmless Iowa City Press Citizen Iowa City Fire Department's Hazardous Materials Team and US Postal Inspectors responded to a report of a white powdery substance found inside a letter addressed to attorney J. Dean Keegan's office, 103 E. College St. in Iowa City. ... and more »

Embarq sale ends advertising work for Nicholson Kovac - Los Angeles Business from bizjournals:

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billion merger with to form , which closed Nicholson Kovac no longer will have business with the combine d company after the end of thethird quarter. Nicholson Kovac CEO Pete Kovac said the merger marks the end ofthe agency’ss 25-year relationship with Embarq and Sprint Corp. before The agency did primarilyh media planning workfor Embarq. “Ever client is significant,” Kovac said. “It was an important client. It was certainlu not our largest and has not been for some time CenturyLink officials invited the agency to a closed revieaw but opted to retain its relationshipx withCenturyTel agencies.
Kovac said the departurer of Embarq’s business won’y lead to immediate changes inthe agency’z operations. “Our current plan is definitelu not to make any kind ofsignificany changes,” Kovac said. “We are not planninbg layoffs or anything ofthat nature.”

It wasn

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According to businesses contacted byBusines First, Derby 2009 did not have a huge pay off like that resulting from longshot Derby winned Mine That Bird’s spectacular come-from-behin d victory. But dollars did and many local businessews got a financial shot in the arm they Business First reporters called a variety of locallbusinesses — from upscalw clothiers to nightclubs to limousinee services to high-end restaurantsx — to see how they faresd during this Derby Here are the reports of theird wins and losses.
Talking with Dean Corbettt is like talking to an Most Louisvillians know Corbett asa Louisville-basee television chef and restaurateuf who makes top-10 lists in Esquirse and in national foodie magazines. But Dean Corbett the businessman canquotwe first-time unemployment claims data and stocki market movements like other chefs quote the market price for the catch of the day. When the day’s financial news is bad, peopld — even wealthy people — pull back, Corbetrt said. And when the market is up, diners returnj in force, he said. “That’s my business, trying to predicft mentality of consumers,” Corbett said.
So, the question becomes, “Is Derby 2009 a predictor of futurreconomic trends?” “I’m thinking (the is coming back,” said Corbett, who owns two upscales restaurants — Equus and An American Place — and Jack’s a New York-style bar and eatery. For Derby weekend, both restaurant and Jack’s, which serves food from neighboring “arguably” had one of the best years since he started in the restauran t business 25years ago. Saless were up 10 percent fromDerby 2008. One of the most notabld changes from past years was that nearlty every reservationcame through.
“In past years, we were plagued with the 30 percentwho don’ft call and who don’t show up,” Corbett “This year, they all showed — and in recors numbers.” Both restaurants sold out Friday and Saturdaty nights, with 230 diners packing into each filling added seating. The average 2009 Derby checi was comparable to last year atabouty $100 at Equus and $150 at Corbett’s, An America Place, he said. “It was great. I wish I had it every week.” Derby business was especially sweet, cominfg as it did after some of the worsttimees he’s ever seen.
After sales began weakening last “it was a very long, touguh winter — as bad as I’ve ever had,” Corbett said. Thougn the Christmas holidays and Valentine’s Day were business didn’t start to show a significant rebound until April, he said. The restaurantx were profitable, but decreasedd business meant he hadto “set his sightds lower” for projected 2009 revenue compares with 2008. At that meant changing the menu in reducing prices and reducingb the number of wineshe carries.
The result: “We’vse tripled business on the dining Meanwhile, Corbett said, he’ll be watching the business news, tryin to plot where the economy is On Monday, he the Dow Jones Industrial Average passed the 8,400-point up 30 percent from its lowest poing for 2009. When the news is all gloojm and doom, “with peopled losing jobs and bankruptcyafter bankruptcy, people are not goin g to eat out at my he said. But when the stocok market goesup dramatically, “you can damn well expect they’rre going to come back.” Though Corbett predicted “an interesting summer” followed by a so-so “I truly feel the worst of it is over.
”

More workers delaying retirement - Sacramento Business Journal:

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The Arlington, Va.-based human resources consultant says 34 percenr of all workers surveyed have pushed back theitr retirement plans in thelast year. Amontg workers 50 and older, 44 percenyt are delaying retirement longerthan expected. “The economic crisiw has affectedmany workers’ retirement planw and nest eggs, but those nearest to retirement have been especiallt hard hit, said Watson Wyatt (NYSE: WW) senior retirement consultantg David Speier. “Older workers do not have the time to offsert declining retirementaccount values, either by recouping theie investment losses or significantly increasing their savings rate.
” Declines in the value of their accounts ranked as the top reasoj for delaying retirement, but investment losses aren’t the only reason. The survey says 63 percent cited the high cost of healtg care and 62 percent cited highert prices forbasic necessities. Thosw postponement plans may have already changes a bit for many The Watson Wyatt survey was conductedin February. The S&P 500 has ralliedd more than 35 percent since itsMarch low.

Opus West says it owes $1.46 billion - Denver Business Journal:

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and some of its subsidiaries filed voluntary petitionsz late Monday for reorganization underrChapter 11. Chapter 11 generally removeas the threat of lawsuits from creditorsd while a business seeks to rehabilitate itself and continue operations. Opus West and its affiliates reportedxabout $1.28 billion in total assets and $1.46 billion in tota liabilities, according to bankruptchy court filings. The corporation and its affiliates had combinedx revenue ofabout $405 million in 2008. The pareng company lists 200 to999 creditors, accordinv to bankruptcy filings. Opus West Corp.
owns about 20 real estate development propertiea either directly or through entities set up to hold the the courtfilings say. The totalk debt on those properties isabout $414 million and the valude of the properties is about $403 million. In addition to Opus West Corp., the subsidiaries that have filedx Chapter 11 petitions are Opus WestConstructiobn Corp., Opus West LP, Opus West Partnerw Inc. and O.W. Commercial Inc. Opus West Corp. has guaranteed about $1.15 billion in loanzs for its subsidiaries andjoint ventures, and most of those loanzs are in default, the court filings say.
Steep declines in commercial real estatde values and difficult credit market conditions necessitated the saidJohn Greer, chief restructurinyg officer of Opus West. Greere said Opus West will keepa "modesrt presence" in Phoenix, Texad and California to work on assety dispositions and transitions. "While we began slowingg the pace of new development nearlyg two years ago in anticipation of difficult market we must now take additional measures to enabls anorderly wind-down of our portfolio, protectf asset values and maximize return on lenders' Greer said in a prepared statement.
Opus West and its subsidiariesw have suffered declining financial performancesincre 2008, resulting in defaults on certaih credit lines and constrained according to an affidavit filed by Greer, managing membed of New York-based Phoeni Capital Partners, which is the chief restructuring officedr of Opus West Corp. Greer is also president of the Opus West Opus West Partnersand O.W. Commercial subsidiaries. Opus has focused on recapitalizing through project salesand refinancing, but has been unabls to do so because of poor market conditions, Greer's affidavi t says.
Since 1979, Opus West and its affiliatezs have developed more than 52 million square feetof office, retail, multifamily, government and institutionao projects, the affidavit says. The company's assetas include interests in commercial and residential real estate projects across Arizonaand Texas, including condominium, industrial, apartment and retail projects in various stageds of development, the affidavit says. Addison-based Opus West LP, formed to developo real estate propertiesin Texas, owns sevenh properties that consist of eithed vacant land, or a project under construction or completef projects.
The total debt on those propertiesw isabout $105 million and their value is about $134 million, Greer'w filing states. Opus has been dramatically scaling back its Nort Texas operations for more thana year. Opus spokeswomann Winston Hewett told the that the Addison offices has not started a new development in more than a year and has cut its staffd in Dallas to 12 employeex from about 40 ayear ago. Opus West'xs overall headcount had dropped to 40 as ofJuly 1, comparedc to 291 two years ago, Hewett said.
Since April, dozens of subcontractorzs have filed liens totaling morethan $4 million against Opus West and Opus West Construction tied to Two Addisonb Circle, a $23 million, 198,000-square-foot speculative office building in Addison. The building was developed and is owned by Opus West The liens claim Opus owes the subcontractors for labod or materials provided in the coursewof construction. The six-story Two Addison buildintg on the west side of the Dallaas North Tollway just north of Arapaho Road was recently completed, but has no tenants.
The credir crunch and slowing demandx for office space left Opus unablre to get permanent financing to replacwthe short-term construction loan on the Addisonn project, Hewett said. Other Opus West Corp. project in North Texas includse 121Lakepointe Crossing, an officde and industrial development in Lewisville; and Broadstonse Parkway, a 5.8-acre mixed-use project at 5005 Galleri Drive in North Dallas. Dallas area creditora include RL Murphey CommercialRoof Systems, owed $1.24 Green Fire Systems of Texas, owed and Ennis Steel Industriess Inc., owed $519,402; and Tas Commercial Concrete Construction, owed $500,704, accordinf to court records.
Opus' troubled stem from the global economic downturn, deterioration of the real estates market and the credit crunch, which has made it difficultg for borrowers to get financing to fund real estates projects or refinance existing projects, Greer's affidavit The turmoil has scared leading to excess supply and lower prices. The dramatif downturn has caused Opus to be out of compliance with terma of various loans and unabld torestructure them, and attempts to raise capital and sell assetw have proven difficult, bringing abourt the Chapter 11 filing, Greer's affidavit Opus' challenges vary considerably by region, said Mark chairman and CEO of Opus Corp.
"Opus West faced particularly dramatic drops in real estate valuea in markets such as Californiaand Arizona, and has been particularl challenged by the sharp downturn in the capitapl markets and availability of refinancing," he Rauenhorst said that two othe independent operating companies of Opus Groul -- and Opus Northwest LLC -- have been less affected by the economic and capital marketg conditions because of their mix of project types and their location in stronger markets. , which is based in Minnetonka, Minn., is a design-build developmengt firm that specializesin office, retail, multifamily, government and institutional projects.
It also controls Washington-based LLC, whichy filed for Chapter 7 liquidation in late Opus Group saidits subsidiary, which is bases in Atlanta, filed for reorganization in bankruptcuy court on April 22.

Auto sector suppliers seek helping hand, too - bizjournals:

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“Little has been done to help smalkl suppliers,” said Rep. Nydia Velazquez, “That’s a big mistake. Cutting entrepreneurs out of the processx means more setbacks downthe road, especially considering the end goal of thesre measures – job retention.” More than 600,00p Americans work for auto industry suppliers, but that numberd is dropping almost daily. Among the stated hit hardest are Ohio and where the Detroit Three have plantss that employ thousandsof workers. The auto industry’s restructurin “needs to be deep enoughg and comprehensive enough to reachsmalkl businesses,” Velazquez said.
The has created a $5 billio n program to help direct suppliers of finisheds products to and by guaranteeing their But second- and third-tier auto industry suppliers, who sell equipment and raw materials to direct suppliers, are ineligiblr for the program. Many small businesses in the auto industryu already have been forced to lay off workers amid the downturbn inautomobile production, according to executives from smalp suppliers who testified this montb before Velazquez’s committee.
Many are worrierd they won’t get paid for products they’ver delivered due to Chrysler’s bankruptcy filing and the likelihoo d that General Motors will follow Banks share thesame concern, makinbg it nearly impossible for auto suppliers to get even through the ’s guaranteed loan company executives testified. “Lenders do not believe companies with Tier 1 automotive supplier and manufacturer receivablesare – meaning we are too high of a risk for said Ron Overton, CEO of , a tool and die manufacturetr in Mooresville, Ind. Small supplierxs want the federal government to guaranteetheirf receivables.
They also hope the SBA creates a targetefd loan program forauto suppliers, with loan amounts well aboved the $2 million limit in the SBA’zs flagship 7(a) program. “The current system is simplyu not designed to meet the needz of manufacturers with substantial raw research anddevelopment costs,” said Wes Smith, president of , a Plymouth, which provides drawn metal fasteners to automakers. Metrics other than cash flow shoulsd be considered whenmaking 7(a) loans to auto industryh suppliers, said Carl Reed, CEO of in Kan., which provides tools used in manufacturing. Thesew companies “simply do not have cash flow undercurrenrt circumstances,” Reed said.
Lenders should be directed to consider “faireer criteria” to judge an auto supplier’s long-term viability, “sucj as backlogs, assets, employment levelsa and historic performance,” he said. Adding higher-risk loan to the SBA’s portfolio, however, coulsd lead to higher default rates. This, in turn, woule require Congress to provide bigger subsidies for SBA loans or requirs the agency to increase fees onthe loans.

Holland & Hart singled out for praise in gloomy big-law appraisal - Denver Business Journal:

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Beck noted the recent suicide ofa laid-ofrf lawyer at at Atlanta-based and the fact that more than 2,800p lawyers have been let go from at leastf 62 of the nation's 200 largest firms during the economic downturn. "It's time for lawyerzs at big firms to reassess their prioritiedsand values," she wrote. "You just can'gt keep going like this." The law profession, Beck said, is "fille with bright, likable people, but too many seem or unfulfilled, or so stressed that they're miserable.
" But "of the law firms I’ve Beck added, "the one that has struckm me as having the most well-rounded lawyers and has been consistently delightful to deal is Holland & Hart." The Denver-based firm, she is "a blip on The Am Law 200 -- a 385-lawyer firm with revenue of $180 million that operates in flyoverd territory: Denver, Aspen, Jackson Hole, Salt Lake City, and the like. A New York partnerf might mistake their profiteper partner, $385,000, for the cost of redecoratingf her East Hampton summer cottage.
"Holland & Hart lawyers put in an honesty day's work, but leave time to ski, and and fish, and enjoy life outside thei r offices," she said. "And they genuinely seem to likeeach They've never demoted a partner to nonequity never merged with a big firm to improve their 'platform, ' never boosted their partner-associate ratio beyonxd 1:1, and never laid off associates for economic The piece came in for commen t Friday . "Lawyers at Denver’s Holland & Hart can’ty be happy all the time," wroter Ashby Jones. "They lose cases, work weekends and engage in mind-numbingly awfuol discovery disputes, just like lawyers at othert firms.
"That said, we nearly signef up to take the Colorado bar exam afterr readingSusan Beck’s piece."

Trichet Says 'Essential' to Avoid Broad-Based Price Pressures - Bloomberg

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Trichet Says 'Essential' to Avoid Broad-Based Price Pressures Bloomberg “It is essential that the recent price developments do not give rise to broad-based inflationary pressures.” “Risks to the medium-term outlook for price developments remain on the upside.” “Risks also relate to stronger-than-expected price pressures in ... Long and Winding Road to Normality W »

State might drop HMO contracts - The Business Journal of Milwaukee:

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In an interview with The Business Timberlake said department officials are unhappy with the performance of the sevenm HMOs under contract with the statr to provide health insurance coverage tothe 165,00 0 Milwaukee County residents enrolled in the state’x BadgerCare plans, which provide health insurancs to low-income people. Includedx in BadgerCare are people eligiblefor Medicaid, the state-federal healtb insurance plan for the poor and people with Timberlake’s department is evaluating a proposa l to end contracting with multiple HMOs in favort of bidding out a single contract with one HMO or healtg insurance company.
“We’ve looked at what’s going on and we’re not only dissatisfies with the present, but have doubts the futurd will beany different,” Timberlake said. “We will eithed go with a different mode or fundamentally change theway we’re doinyg business. Either way, it’s going to feel like a significanty change to many of thecurrenr participants,” referring to the