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State University of New York Chancellotr Nancy Zimpher made the announcement Friday atthe college’sd Fuller Road campus. Currently, the college offers only master’s and doctorakl programs. Some undergraduate courses will be offered in the but the first full class of about 50 students will startt inthe spring, said Robery Geer, vice president of academifc affairs at the school. The college plans to grow the freshman clasxs to 300 to 500 in the next four or five saidAlain Kaloyeros, the college’s vice president and CEO. The baccalaureatde program will be funded througyha $10 million endowment, a donation that includesz an undisclosed amount from G.
Thomaz Selfridge, who owns The endowment is expectexd to covertuition costs, Kaloyeros said. Selfridge also made an endowment when the campus openerdin 2001. The state approved the four-year program two weekd ago. Initially, Albany Nanotech will not add to its staf f of55 professors, Geer said, but that number is expected to grow to 75 over the next five Friday’s announcement was another mileston for the Albany NanoTech campus, where the college is Earlier this week, officials there announceed that private, federal and state investments at the campus had toppeds $5 billion. Employment has also exceeded the 2,500-mark.
That’a the number of scientists, researchers, engineers, students and faculty that now work atthe 800,000-square-foot complex. With an averages salary of $81,000, those numbers translate to an annual payrollkof $202 million. Albanh NanoTech opened its fourth building, NanoFab 300 East, this past Zimpher became chancellorJune 1. She is touring SUNY campuses over the nextfew
martes, 31 de julio de 2012
domingo, 29 de julio de 2012
Architectural firms changing with times - Dayton Business Journal:
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But local architects are hopeful that by the end of this their drafting tables will be littered with By increasingmarketing efforts, reaching out to potentiao clients and staying on top of the latest design technology, officials want to be read y when business starts to come back. Alan president of Dayton-based , noticed a down tick in businessalast summer. He said his five-personh firm has tightened its but still has a steadhwork load. In Scherr’s billings dropped 33 percent, from $1.2 millioj to $800,000. He expects this year’w billings to decrease 20 percent fromlast year. The biggestf problem for his firm has been increased competitionj from outsidethe region.
Petedr Harsh, managing principal of Englewood-based , said his firm is facinbg similar challenges. “We’re holding our own, it’s just a littls slower,” Harsh said. App saw a slight increase in $2.13 million in 2007 to $2.23 million last but Harsh doesn’t expect another hike this Rising competition is one of themain challenges. Architectx say the number of firms biddinb on projects has doubled in thepast year. The increasedx submissions are from firms outside of Dayton lookinggfor business, and larger firm s submitting for smaller projects as a way to keep their employeeas busy.
For example, nearly 30 firmsd submitted proposals for the second buildinb indowntown Dayton’s TechTown, which Alan Scherr was ultimateluy awarded. And firms from as far away as Chicago were lookingy to landthe work. Scherr said this isn’t a smalp project, but just a few year ago, about half as many firms wouldd have submitted forthis project. “Everybody’s chasin g the same piece of the pie,” Scherrr said. “The pie is the same, but the firmsd that were working for larger clients no longer havethoses commissions.
” John Poe, president of Dayton-based , said larger firmx going after smaller projects are cutting their fees just to keep theif employees working. “That doesn’t help Poe said. And with companies pulling back on new buildingsdand remodels, there is less work in the The designs architecture firms perform now are a good indicatord of the work constructio n companies will be doing six to nine monthds from now.
Local construction companiexs arebusy now, but many are facinv backlogs that are looking increasingly On a national level, indicators show the potential for an The past two months have shown strong inquiries for new according to the , a leading economicd indicator of construction activity. In Marchg and April, the index was abov e 40 for the first time since August and Septemberf oflast year. A score abovde 50 indicates an increasein billings. to combat the recent slowdown, architectural firms are: • keeping up-to-dates with technology.
But local architects are hopeful that by the end of this their drafting tables will be littered with By increasingmarketing efforts, reaching out to potentiao clients and staying on top of the latest design technology, officials want to be read y when business starts to come back. Alan president of Dayton-based , noticed a down tick in businessalast summer. He said his five-personh firm has tightened its but still has a steadhwork load. In Scherr’s billings dropped 33 percent, from $1.2 millioj to $800,000. He expects this year’w billings to decrease 20 percent fromlast year. The biggestf problem for his firm has been increased competitionj from outsidethe region.
Petedr Harsh, managing principal of Englewood-based , said his firm is facinbg similar challenges. “We’re holding our own, it’s just a littls slower,” Harsh said. App saw a slight increase in $2.13 million in 2007 to $2.23 million last but Harsh doesn’t expect another hike this Rising competition is one of themain challenges. Architectx say the number of firms biddinb on projects has doubled in thepast year. The increasedx submissions are from firms outside of Dayton lookinggfor business, and larger firm s submitting for smaller projects as a way to keep their employeeas busy.
For example, nearly 30 firmsd submitted proposals for the second buildinb indowntown Dayton’s TechTown, which Alan Scherr was ultimateluy awarded. And firms from as far away as Chicago were lookingy to landthe work. Scherr said this isn’t a smalp project, but just a few year ago, about half as many firms wouldd have submitted forthis project. “Everybody’s chasin g the same piece of the pie,” Scherrr said. “The pie is the same, but the firmsd that were working for larger clients no longer havethoses commissions.
” John Poe, president of Dayton-based , said larger firmx going after smaller projects are cutting their fees just to keep theif employees working. “That doesn’t help Poe said. And with companies pulling back on new buildingsdand remodels, there is less work in the The designs architecture firms perform now are a good indicatord of the work constructio n companies will be doing six to nine monthds from now.
Local construction companiexs arebusy now, but many are facinv backlogs that are looking increasingly On a national level, indicators show the potential for an The past two months have shown strong inquiries for new according to the , a leading economicd indicator of construction activity. In Marchg and April, the index was abov e 40 for the first time since August and Septemberf oflast year. A score abovde 50 indicates an increasein billings. to combat the recent slowdown, architectural firms are: • keeping up-to-dates with technology.
sábado, 28 de julio de 2012
Quick thinking makes new eatery a Humdinger, not a Bonehead - Memphis Business Journal:
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The partners, who operate as LLC, openes on March 30 at 6300 Suite 101. Schlesinger, CEO of , and a veteran, initially planned to open up as a a fast-casual concept then owned by Atlanta-basede However, Raving Brands sold the forcing Schlesinger and Smith to changed their plans. While changing the concept quickly wasa challenge, findint a new name was especiallgy difficult. Smith and Schlesinger wantedr to have a name that incorporated both seafood and the restaurant’s main menu but found that to be difficult. They whittle a list of 40 names by focusinv on something differentand catchy.
Humdinger uses piri-piri chili peppers, grown in South in its saucesand “Piri piri” is Swahili for “pepper pepper.” “Itf really sets us apart from othe r fish and chicken places,” Smity says. Smith and Schlesinger plan to open up three of the fish and seafoofd restaurants in the Memphis metro area. Laura Trezevant, president of , represented the tenan in the lease negotiations while John ownerof LLC, and Danny Buring, loca partner at LLC, represented the Peabody ad campaign has big bucks What does the Nortnh American mallard and closr to half a billion buck s have in common?
They are both vital componentzs of Memphis-based ’s new ad campaign for the massive expansion of The Peabody Orlando. The $450 millio project is expected to lure more functions like corporate meetings and exhibitions to the The group also wanted the campaigh to expandThe Peabody’s brand awareness, and the hotekl chain’s mallard symbol made well, ducky. “Who else can put a big pictur of a duck in their ad and talk abouy investing close to a half billion dollar on expanding at the same saysTim Fisher, senior vice president and executive creative director for Fry Hammond Barr, the Fla. ad agency responsible for the campaign. “That’zs own-able.
” The nine-minute video showw new renderings of the completed photographs of the new king guest rooms andtheifr state-of-the-art bathrooms, which feature mirrors with built-in televisions. The video is availablee on youtube.com and at www.orlandopeabody.com. Upon Peabody Orlando will be the 15thlargest non-gaming hote l in the U.S. It’s not quitwe UFC, and it isn’t but mixed martial arts is making its debut in the gransd lobby of onJune 20. Local MMA promoter is hostinv a 12-fight card of local talenty that could someday makethe “majo r leagues” of the Las Vegas-based Ultimate Fighting Championship.
Cage Assaulf was founded by Nick who has worked with former UFC lightweight champion and native MemphianQuinton ‘Rampage’ Jackson for five years. His goal is for his companyu tobe “the Triple A of in the South. Harmeier held his first event on April 24 at Minglewood Hall in but is looking for the larger profilew of FedExForum for thenext event. Harmeier says FedExForum and the , which were instrumental in the legalization of MMA eventsain Tennessee, have been extremelyt supportive of the company so far. He’s anticipatin g 2,000 fans for the event. Harmeier says if the new event isa he’d like to have events at FedExForumm every six weeks.
“(The April 24 was packed wall-to-wall and that was with Minglewoosd being new and MMA being new to the Harmeier says. “We feel this next one will blow it out ofthe
The partners, who operate as LLC, openes on March 30 at 6300 Suite 101. Schlesinger, CEO of , and a veteran, initially planned to open up as a a fast-casual concept then owned by Atlanta-basede However, Raving Brands sold the forcing Schlesinger and Smith to changed their plans. While changing the concept quickly wasa challenge, findint a new name was especiallgy difficult. Smith and Schlesinger wantedr to have a name that incorporated both seafood and the restaurant’s main menu but found that to be difficult. They whittle a list of 40 names by focusinv on something differentand catchy.
Humdinger uses piri-piri chili peppers, grown in South in its saucesand “Piri piri” is Swahili for “pepper pepper.” “Itf really sets us apart from othe r fish and chicken places,” Smity says. Smith and Schlesinger plan to open up three of the fish and seafoofd restaurants in the Memphis metro area. Laura Trezevant, president of , represented the tenan in the lease negotiations while John ownerof LLC, and Danny Buring, loca partner at LLC, represented the Peabody ad campaign has big bucks What does the Nortnh American mallard and closr to half a billion buck s have in common?
They are both vital componentzs of Memphis-based ’s new ad campaign for the massive expansion of The Peabody Orlando. The $450 millio project is expected to lure more functions like corporate meetings and exhibitions to the The group also wanted the campaigh to expandThe Peabody’s brand awareness, and the hotekl chain’s mallard symbol made well, ducky. “Who else can put a big pictur of a duck in their ad and talk abouy investing close to a half billion dollar on expanding at the same saysTim Fisher, senior vice president and executive creative director for Fry Hammond Barr, the Fla. ad agency responsible for the campaign. “That’zs own-able.
” The nine-minute video showw new renderings of the completed photographs of the new king guest rooms andtheifr state-of-the-art bathrooms, which feature mirrors with built-in televisions. The video is availablee on youtube.com and at www.orlandopeabody.com. Upon Peabody Orlando will be the 15thlargest non-gaming hote l in the U.S. It’s not quitwe UFC, and it isn’t but mixed martial arts is making its debut in the gransd lobby of onJune 20. Local MMA promoter is hostinv a 12-fight card of local talenty that could someday makethe “majo r leagues” of the Las Vegas-based Ultimate Fighting Championship.
Cage Assaulf was founded by Nick who has worked with former UFC lightweight champion and native MemphianQuinton ‘Rampage’ Jackson for five years. His goal is for his companyu tobe “the Triple A of in the South. Harmeier held his first event on April 24 at Minglewood Hall in but is looking for the larger profilew of FedExForum for thenext event. Harmeier says FedExForum and the , which were instrumental in the legalization of MMA eventsain Tennessee, have been extremelyt supportive of the company so far. He’s anticipatin g 2,000 fans for the event. Harmeier says if the new event isa he’d like to have events at FedExForumm every six weeks.
“(The April 24 was packed wall-to-wall and that was with Minglewoosd being new and MMA being new to the Harmeier says. “We feel this next one will blow it out ofthe
jueves, 26 de julio de 2012
CEO: Sheplers changed its aggressive growth plan to survive tough economy - Wichita Business Journal:
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Since those plans were put on an economic crisis has rocked the retail The aggressive plans to grow the Westerjwear store, which got its start in Wichitqa in 1899, were temporarily scrapped and the focus Syrstad, who took over as CEO when San-Francisco-bases bought the chain in 2007, says there have certainlyh been rough times, but the altered plan — from growth to surviva — may have put Sheplers in good positioh when the economy settles. Syrstad’w vision when taking over was to ultimatelyt turn every Western wear store intoa Sheplers. “... Our focua has shifted somewhat,” he says. A focus on Internet salees was thebiggest change.
In a 2007 interview with the , Syrstade talked about the benefits of being in the smelling and touching themerchandise — things you can’t do on the Internet. Now more money and more manpowed has been put into IT and Web site Syrstad saysInternet sales, which make up 25 to 30 percenrt of Sheplers total sales revenue, have growmn 30 percent since he took over as CEO. There are about 5,000 items for sale online, up from 1,2009 two years ago. Vanderbilt’s, a Kansas-based Western attirr retailer with ninestore locations, has seen Internett sales go the oppositse direction.
Mike Grothe, controller of Vanderbilt’s two Wichitaq locations, estimates Internet sales, whic h make up about 13 percent of its have dropped 20 percentsince September. “It’ws dropped substantially,” he says. “We get most of our online salexs fromthe coasts, and when things startec going bad there, we got hit pretty hard.” Syrstax believes Sheplers’ online growth can be attributed to the addede investment in improving its Web site’a technology. For Sheplers, the first sign of trouble came monthes before themarkets tumbled. In July, fuel pricess were more than $4 a and Sheplers’ core consumer base was hurting.
“Most of our store draw from a 75-mile with a household incomd of $50,000 to He drives a truc k and lives outsideof town. When gas was $4, $5 a it’s like, ‘Holy crap,’ ” he says. Fuel prices reached an all-timde high in July. Then the economy took a nosediverin October. But Syrstad says the period from October to now has been much more difficul for Sheplers than Julythrough Sheplers’ first quarter, August through saw transactions drop 10 In November, a competitor, , closed all 78 of its Across the country, big-namre retailers were struggling, some even closing. “There were some scaryu days,” Syrstad says.
Since those plans were put on an economic crisis has rocked the retail The aggressive plans to grow the Westerjwear store, which got its start in Wichitqa in 1899, were temporarily scrapped and the focus Syrstad, who took over as CEO when San-Francisco-bases bought the chain in 2007, says there have certainlyh been rough times, but the altered plan — from growth to surviva — may have put Sheplers in good positioh when the economy settles. Syrstad’w vision when taking over was to ultimatelyt turn every Western wear store intoa Sheplers. “... Our focua has shifted somewhat,” he says. A focus on Internet salees was thebiggest change.
In a 2007 interview with the , Syrstade talked about the benefits of being in the smelling and touching themerchandise — things you can’t do on the Internet. Now more money and more manpowed has been put into IT and Web site Syrstad saysInternet sales, which make up 25 to 30 percenrt of Sheplers total sales revenue, have growmn 30 percent since he took over as CEO. There are about 5,000 items for sale online, up from 1,2009 two years ago. Vanderbilt’s, a Kansas-based Western attirr retailer with ninestore locations, has seen Internett sales go the oppositse direction.
Mike Grothe, controller of Vanderbilt’s two Wichitaq locations, estimates Internet sales, whic h make up about 13 percent of its have dropped 20 percentsince September. “It’ws dropped substantially,” he says. “We get most of our online salexs fromthe coasts, and when things startec going bad there, we got hit pretty hard.” Syrstax believes Sheplers’ online growth can be attributed to the addede investment in improving its Web site’a technology. For Sheplers, the first sign of trouble came monthes before themarkets tumbled. In July, fuel pricess were more than $4 a and Sheplers’ core consumer base was hurting.
“Most of our store draw from a 75-mile with a household incomd of $50,000 to He drives a truc k and lives outsideof town. When gas was $4, $5 a it’s like, ‘Holy crap,’ ” he says. Fuel prices reached an all-timde high in July. Then the economy took a nosediverin October. But Syrstad says the period from October to now has been much more difficul for Sheplers than Julythrough Sheplers’ first quarter, August through saw transactions drop 10 In November, a competitor, , closed all 78 of its Across the country, big-namre retailers were struggling, some even closing. “There were some scaryu days,” Syrstad says.
miércoles, 25 de julio de 2012
Michael Irvin sued over "Fourth and Long" reality show - Phoenix Business Journal:
tatyanagepoji.blogspot.com
Jordan Bealmear of Thermal, Calif., and Shannonn Clark and Christopher Harding, both of Louisville, Ky., allegs Michael Irvin’s reality show “Fourth and Long” is theirt idea with a new name. The plaintiffz in a lawsuit filed in Dallas County accusw Irvinof fraud, fraud by breach of contract and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Business Journakl Wednesday that the lawsuit is completely bogus andwithouf merit. Friedman said Irvin met with the and they had no business no company, no stationery and worked outsides the industry without substantial contacts.
Friedman addecd that a lot of people in the entertainmentf industry were throwing the same show conceptg around and Michael had the concept and was lookinb fora producer. When asked who calledc the initial meeting between the Friedman saidhe didn't know who invitec who to the meeting. In response, the attorney for the Mark Taylorof Dallas, told the DBJ that the issue is not whethed the idea for the show was original, but whether Michaelk agreed to enter into a deal and then renegeds on the terms of the deal.
The plaintiffs in the lawsuit say they developed the concept behind the which they werecalling "Gutse to Glory" and ended up in contac t with Irvin and his representativezs to invite Irvin to be the show'zs host. The plaintiffs offere a deal in which Irvin and his ageng would receive 25 percent of the proceeds and the plaintiffsz would receive75 percent. They later struclk a deal in which Irvin woulxd take 75 percent of the aggregate executiveproducin fee, while the plaintiffs would share the remaining 25 percenrt and that adaptions of the show for other sports woule involve a 50-50 split, according to the lawsuit.
Durinf the negotiation process, the three say Irvin was provided withmarketint tools, including a story board, to present to Dalla Cowboys executives and Dallas Cowboys Coach Jerry Jonea with the intent of getting the team In the lawsuit, the plaintiffsd say they were escorted out of a March 10, 2008, deal signing meeting at the Dallaz law offices of Friedman Fiegler LLP in which Larry Friedman was present. Their Larry Kopeikin, was attendin the meeting via aconferencew call.
When they were brought back into the the plaintiffs were told that Irvin would have to reviesw the deal memo before Days later, they learned that Irvin woulrd only agree to a 95-5 percent split with Irvin takingt a 95 percent cut, and five days after that Irvin sent an e-mail to Clark statin g that he had never used the storyboard in his presentation to according to the The three individuals who planned to produce the show are suing Irvim claiming in their suit that Irvin “through his representatives, and/or employees, made false and materiakl misrepresentations to plaintiffs concerning his agreement to the terms of the deal including the 75-25 percent
Jordan Bealmear of Thermal, Calif., and Shannonn Clark and Christopher Harding, both of Louisville, Ky., allegs Michael Irvin’s reality show “Fourth and Long” is theirt idea with a new name. The plaintiffz in a lawsuit filed in Dallas County accusw Irvinof fraud, fraud by breach of contract and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Business Journakl Wednesday that the lawsuit is completely bogus andwithouf merit. Friedman said Irvin met with the and they had no business no company, no stationery and worked outsides the industry without substantial contacts.
Friedman addecd that a lot of people in the entertainmentf industry were throwing the same show conceptg around and Michael had the concept and was lookinb fora producer. When asked who calledc the initial meeting between the Friedman saidhe didn't know who invitec who to the meeting. In response, the attorney for the Mark Taylorof Dallas, told the DBJ that the issue is not whethed the idea for the show was original, but whether Michaelk agreed to enter into a deal and then renegeds on the terms of the deal.
The plaintiffs in the lawsuit say they developed the concept behind the which they werecalling "Gutse to Glory" and ended up in contac t with Irvin and his representativezs to invite Irvin to be the show'zs host. The plaintiffs offere a deal in which Irvin and his ageng would receive 25 percent of the proceeds and the plaintiffsz would receive75 percent. They later struclk a deal in which Irvin woulxd take 75 percent of the aggregate executiveproducin fee, while the plaintiffs would share the remaining 25 percenrt and that adaptions of the show for other sports woule involve a 50-50 split, according to the lawsuit.
Durinf the negotiation process, the three say Irvin was provided withmarketint tools, including a story board, to present to Dalla Cowboys executives and Dallas Cowboys Coach Jerry Jonea with the intent of getting the team In the lawsuit, the plaintiffsd say they were escorted out of a March 10, 2008, deal signing meeting at the Dallaz law offices of Friedman Fiegler LLP in which Larry Friedman was present. Their Larry Kopeikin, was attendin the meeting via aconferencew call.
When they were brought back into the the plaintiffs were told that Irvin would have to reviesw the deal memo before Days later, they learned that Irvin woulrd only agree to a 95-5 percent split with Irvin takingt a 95 percent cut, and five days after that Irvin sent an e-mail to Clark statin g that he had never used the storyboard in his presentation to according to the The three individuals who planned to produce the show are suing Irvim claiming in their suit that Irvin “through his representatives, and/or employees, made false and materiakl misrepresentations to plaintiffs concerning his agreement to the terms of the deal including the 75-25 percent
martes, 24 de julio de 2012
Balsillie: Bids to keeps Coyotes in Glendale would need $20 million government subsidy - Phoenix Business Journal:
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Balsillie, CEO of BlackBerry maker Researcbin Motion, has offered $213 million for the financiallyg ailing hockey team with plansz move it to Hamilton, Ontario. U.S. Bankruptcy Court Judgwe Redfield T. Baum on Monday rejected Balsillie’ bid, saying the Canadian’s June 29 deadline does not give the courr enough time to deal with the Coyotesw Chapter 11bankruptcy Balsillie’s representatives said Tuesday morning that he is consideringb reworking the bid with a different timetable. The National Hockeyg League and the city of Glendale oppose the move and are lookinyg for buyers that would keep the teamin Arizona.
That includesx discussions with Chicago White Sox and Chicagok Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 milliobn since moving to the Phoenix marke from Winnipeg in 1996 and coulcdlose $40 million or more this calendar according to bankruptcy court Glendale had been working with Coyotes ownee Jerry Moyes before he put the team into Chapte 11 in May and announced the proposed sale of the team to The west-side suburb also has been working with the NHL and had discussionas with Reinsdorf regarding a possible bid and lease concessionds and other help the city mightr offer.
Balsillie representatives said Tuesdaytthe $20 million estimate stems from bankruptcyh court filings outlining potential help for the team Glendalw might offer the They also said incentives could run into financial and legaol issues as Phoenix-area government s budget troubles and the Arizona Suprem Court is looking at the legality of economic development and other subsidies.
Balsillie, CEO of BlackBerry maker Researcbin Motion, has offered $213 million for the financiallyg ailing hockey team with plansz move it to Hamilton, Ontario. U.S. Bankruptcy Court Judgwe Redfield T. Baum on Monday rejected Balsillie’ bid, saying the Canadian’s June 29 deadline does not give the courr enough time to deal with the Coyotesw Chapter 11bankruptcy Balsillie’s representatives said Tuesday morning that he is consideringb reworking the bid with a different timetable. The National Hockeyg League and the city of Glendale oppose the move and are lookinyg for buyers that would keep the teamin Arizona.
That includesx discussions with Chicago White Sox and Chicagok Bulls ownerJerry Reinsdorf. The Coyotes have lost more than $300 milliobn since moving to the Phoenix marke from Winnipeg in 1996 and coulcdlose $40 million or more this calendar according to bankruptcy court Glendale had been working with Coyotes ownee Jerry Moyes before he put the team into Chapte 11 in May and announced the proposed sale of the team to The west-side suburb also has been working with the NHL and had discussionas with Reinsdorf regarding a possible bid and lease concessionds and other help the city mightr offer.
Balsillie representatives said Tuesdaytthe $20 million estimate stems from bankruptcyh court filings outlining potential help for the team Glendalw might offer the They also said incentives could run into financial and legaol issues as Phoenix-area government s budget troubles and the Arizona Suprem Court is looking at the legality of economic development and other subsidies.
domingo, 22 de julio de 2012
Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Washington Business Journal:
hegenefipa.blogspot.com
“When the retail division of the projecft lost access to fundingthrougjh Lehman, it was unable to repayg the resort for its share of costs,” said Scoty Baena, of Bilzin Sumberg Baena Price who represents Fontainebleau Las Vegas LLC in the “That put enormous stress on the resory entity, and that was the beginning of the problems.” Fontainebleaj Las Vegas LLC and two of its affiliate s filed bankruptcy petitions in Miami late Tuesday. The Fontainebleau Miamik Beach is not included inthe filing.
Soffer, also principaol with Turnberry construction anddevelopmengt companies, has partial, personal guarantees on portions of the retail component of the Las Vegaw project, but those portions are not in bankruptcy yet, Baena The complex is 70 percent Since December 2008, Lehman refuser to make any advances under the project’s $315 million construction according to a motion to maintaibn cash management filed in the bankruptcy. Aftet Lehman’s refusals, money stopped flowintg through the retail entity to theresort entity. In other lenders pulled their financing, and construction on the resorf stoppedin May, Baenz said.
The company said in a news releasde that the decision to file Chapter 11 was the resul of litigation with the other lenders on project aboutnearly $800 milliohn in construction funding for the Other lenders include , JPMorgan Chasw Bank and Deutsche Bank Trust Co. In the short term, the company is seeking to stabilize and protectr the finished portion ofthe building, Baenz said. “It’s no longer possible to downsize the he said. “The 30 percent remaining construction is principallhthe interior. We’ve got a lovely buildiny waiting tobe finished.
”
“When the retail division of the projecft lost access to fundingthrougjh Lehman, it was unable to repayg the resort for its share of costs,” said Scoty Baena, of Bilzin Sumberg Baena Price who represents Fontainebleau Las Vegas LLC in the “That put enormous stress on the resory entity, and that was the beginning of the problems.” Fontainebleaj Las Vegas LLC and two of its affiliate s filed bankruptcy petitions in Miami late Tuesday. The Fontainebleau Miamik Beach is not included inthe filing.
Soffer, also principaol with Turnberry construction anddevelopmengt companies, has partial, personal guarantees on portions of the retail component of the Las Vegaw project, but those portions are not in bankruptcy yet, Baena The complex is 70 percent Since December 2008, Lehman refuser to make any advances under the project’s $315 million construction according to a motion to maintaibn cash management filed in the bankruptcy. Aftet Lehman’s refusals, money stopped flowintg through the retail entity to theresort entity. In other lenders pulled their financing, and construction on the resorf stoppedin May, Baenz said.
The company said in a news releasde that the decision to file Chapter 11 was the resul of litigation with the other lenders on project aboutnearly $800 milliohn in construction funding for the Other lenders include , JPMorgan Chasw Bank and Deutsche Bank Trust Co. In the short term, the company is seeking to stabilize and protectr the finished portion ofthe building, Baenz said. “It’s no longer possible to downsize the he said. “The 30 percent remaining construction is principallhthe interior. We’ve got a lovely buildiny waiting tobe finished.
”
sábado, 21 de julio de 2012
Doc Rivers' Presence Primary Reason Boston Has Become Desirable Free ... - NESN.com
kleopatraxnibe.blogspot.com
CBC.ca | Doc Rivers' Presence Primary Reason Boston Has Become Desirable Free ... NESN.com Doc Rivers, Paul Pierce, Mickael Pietrus Unthinkable though it may be to the diehards who have a closet full of green jerseys and strain their vocal chords cheering at Celtics games, Boston tradition » |
jueves, 19 de julio de 2012
GE Inks More Than $600 Mln 22-year Contractual Services Agreement With ... - NASDAQ
yvejodo.wordpress.com
Sky News Australia | GE Inks More Than $600 Mln 22-year Contractual Services Agreement With ... NASDAQ (GE) announced that it has signed a more than $600 million 22-year contractual services agreement or CSA with Chevron Australia Pty LTD. The new CSA ensures the continued participation of Australian companies and the ongoing creation of economic ... GE inks more than $600 mln 22-year contractual services agreement with Chevron Home » GE, Chevron announce 22 year, $600m Gorgon contract |
miércoles, 18 de julio de 2012
Sugar turns sour on slack demand - Hindu Business Line
edovogopu.wordpress.com
Hindu Business Line | Sugar turns sour on slack demand Hindu Business Line Sugar prices at mill level continued to remain firm while on Vashi spot market and naka level it saw a bearish trend on Wednesday. Maharashtra's mills sold sugar at Rs 20 a quintal higher despite an ease in demand. After sharp rise of Rs 350-400 in the ... < /p> |
martes, 17 de julio de 2012
US machinists union opposes Hawker's China sale - Reuters
ykyhola.blogspot.com
Aviation Week | US machinists union opposes Hawker's China sale Reuters (Reuters) - The machinists' union said on Monday it filed papers in U.S. Bankruptcy Court ch » |
domingo, 15 de julio de 2012
Chris Christie Declines National Governors Association Leadership Role - Huffington Post
houghtalingbaemo1268.blogspot.com
NorthJersey.com | Chris Christie Declines National Governors Association Leadership Role Huffington Post WILLIAMSBURG, Va - In a surprising move, New Jersey Gov. Chris Christie (R) declined a long-planned move into the vice chairmanship of the National Governors Association this weekend. Christie had been slated to take the vice chairman's pos t for ... Gov. Christie declines chance to assume NGA post |
sábado, 14 de julio de 2012
Genmar Holdings files for bankruptcy - Portland Business Journal:
oryzacody.wordpress.com
The petition to reorganize theboat builder’e debts was filed Monday afternoon in in The filing includes more than 20 of the company’ subsidiaries, one of which is Murfreesboro-based Genmar Tennessewe LLC. The company has a boat manufacturinvg and repair facility at theMurfreesboro location. Genmar Tennesses has from 200 to 1,000 creditorz and assets between $50,000 and $100,000. The Tennesseew company’s filing lists about $750,000 in unsecured debts owed to its 20largesgt creditors. The parent company lists its assets in the rageof $10 millioh to $50 million and its liabilitiee between $100 million and $500 according to court documents.
Genmar only secured creditors areand , accordinhg to a story in the Minneapolis Star Genmar said it has received commitment for a debtor-in-possession financiny proposal from both banks. In a statement, Genmar’x largest shareholder, Chairman and CEO Irwin Jacobs says saled ofthe company’s fishing boats, luxury yachtsz and other products started to declines in 2008, but worsened in recen t months. The company’s salez in fiscal 2009, which ends in June, are likelgy to be about $460 million, off by more than 50 percenrt fromfiscal 2008, the company reports.
“If someone wouls have said to me as recently as even one month ago that Genmar would someday be filing forChapter 11, I would have said it was not even a remotwe possibility,” Jacobs says. Genmar had been making some strategty changes in recent months and recently announcefd plans to launch a lineof less-expensivw aluminum boats.
The petition to reorganize theboat builder’e debts was filed Monday afternoon in in The filing includes more than 20 of the company’ subsidiaries, one of which is Murfreesboro-based Genmar Tennessewe LLC. The company has a boat manufacturinvg and repair facility at theMurfreesboro location. Genmar Tennesses has from 200 to 1,000 creditorz and assets between $50,000 and $100,000. The Tennesseew company’s filing lists about $750,000 in unsecured debts owed to its 20largesgt creditors. The parent company lists its assets in the rageof $10 millioh to $50 million and its liabilitiee between $100 million and $500 according to court documents.
Genmar only secured creditors areand , accordinhg to a story in the Minneapolis Star Genmar said it has received commitment for a debtor-in-possession financiny proposal from both banks. In a statement, Genmar’x largest shareholder, Chairman and CEO Irwin Jacobs says saled ofthe company’s fishing boats, luxury yachtsz and other products started to declines in 2008, but worsened in recen t months. The company’s salez in fiscal 2009, which ends in June, are likelgy to be about $460 million, off by more than 50 percenrt fromfiscal 2008, the company reports.
“If someone wouls have said to me as recently as even one month ago that Genmar would someday be filing forChapter 11, I would have said it was not even a remotwe possibility,” Jacobs says. Genmar had been making some strategty changes in recent months and recently announcefd plans to launch a lineof less-expensivw aluminum boats.
jueves, 12 de julio de 2012
Financial firm helping clients deal with stress from downturn - Business First of Buffalo:
yzirapogyg.wordpress.com
“We were all struggling with what the market was telling said Haubrich, who is a certified financia planner and president of , a fee-onlyh firm in Racine. “I just saw a lot of people with a high leveloof anxiety.” The first thingy he did was hold two workshopsd in collaboration with a family money therapist. The workshopx drew a total of about 30 people and provided advicer for clients such as makinf sure they had cash reserves and maintained theier credit rating as well asthey could. The familyt money therapist discussed coping mechanisms for the anxiet people felt about financial matters and participants also shared their own stressmanagement techniques.
The firm also stepped up its communicationmwith clients, making sure all were contacted at leas t once every 10 business days. In the past, Haubric h said clients usually were contacteed at least every 20 or30 days. It seemedx to bear results, Haubrich “During the tax preparation season, we just had a lot of peoplw show up with a high degres of peace of which told me that high levelk of communication and touch really helped them an awful he said.
After he gainex more clarity about what was happeninbg with the economy andstocjk market, Haubrich put together another worksho for clients about personal The firm has held four of the workshops, whic can accommodate 12 and will offer one more in The firm will continue to hold the workshopsw until demand falls off. The 90-minute session includese an overview of the economg andstock market, but also discusses dimensions of personal including health, relationship, career and “We didn’t look at this as a marketing he said. “We looked at making sure we were serviny the needs ofour clients, giving them strategies and tactics to deal with this economicv reset.
” But as a side the firm is seeing an influd of new clients and inquiries. Dick Outlan d and Frances Bedford attended oneof Haubrich’ s personal sustainability workshops in April. Outland and a Racine married couple, are both retired and longtimse clients. They said they were concerned about the hit their retirement incomshas taken, but also find Haubrich to be a good “What I got out of it mostlyu was the comfort that he has a lot of knowledge in this area and that the man that we entrust to managee our resources knows what he’s doing,” Outland Bedford also said it’s comforting when you’ves given so much responsibilituy to an adviser that he knows what’s happening in the market and how it’s affecting his clientas and will provide good advice.
Haubrich provided “za reinforced confidence that all is well even though things are not she said. Financial Service Group also has a virtual client center that hasa client’s complete file, includinbg tax returns and estate plannintg documents online through a secure The firm invested in the tool a couplew of years ago and that’s paying off now, Haubrichj said. Revenue is down like it is for everyone infinancia planning, he said, but demand for service is up. Haubrich already offers a service to his clientws called CareerAsset Management, which integrates financial planninf services with career coaching.
Now he’s workinvg with career coach Jane Schroeder to develop a more intensivde workshop specifically oncareer sustainability.
“We were all struggling with what the market was telling said Haubrich, who is a certified financia planner and president of , a fee-onlyh firm in Racine. “I just saw a lot of people with a high leveloof anxiety.” The first thingy he did was hold two workshopsd in collaboration with a family money therapist. The workshopx drew a total of about 30 people and provided advicer for clients such as makinf sure they had cash reserves and maintained theier credit rating as well asthey could. The familyt money therapist discussed coping mechanisms for the anxiet people felt about financial matters and participants also shared their own stressmanagement techniques.
The firm also stepped up its communicationmwith clients, making sure all were contacted at leas t once every 10 business days. In the past, Haubric h said clients usually were contacteed at least every 20 or30 days. It seemedx to bear results, Haubrich “During the tax preparation season, we just had a lot of peoplw show up with a high degres of peace of which told me that high levelk of communication and touch really helped them an awful he said.
After he gainex more clarity about what was happeninbg with the economy andstocjk market, Haubrich put together another worksho for clients about personal The firm has held four of the workshops, whic can accommodate 12 and will offer one more in The firm will continue to hold the workshopsw until demand falls off. The 90-minute session includese an overview of the economg andstock market, but also discusses dimensions of personal including health, relationship, career and “We didn’t look at this as a marketing he said. “We looked at making sure we were serviny the needs ofour clients, giving them strategies and tactics to deal with this economicv reset.
” But as a side the firm is seeing an influd of new clients and inquiries. Dick Outlan d and Frances Bedford attended oneof Haubrich’ s personal sustainability workshops in April. Outland and a Racine married couple, are both retired and longtimse clients. They said they were concerned about the hit their retirement incomshas taken, but also find Haubrich to be a good “What I got out of it mostlyu was the comfort that he has a lot of knowledge in this area and that the man that we entrust to managee our resources knows what he’s doing,” Outland Bedford also said it’s comforting when you’ves given so much responsibilituy to an adviser that he knows what’s happening in the market and how it’s affecting his clientas and will provide good advice.
Haubrich provided “za reinforced confidence that all is well even though things are not she said. Financial Service Group also has a virtual client center that hasa client’s complete file, includinbg tax returns and estate plannintg documents online through a secure The firm invested in the tool a couplew of years ago and that’s paying off now, Haubrichj said. Revenue is down like it is for everyone infinancia planning, he said, but demand for service is up. Haubrich already offers a service to his clientws called CareerAsset Management, which integrates financial planninf services with career coaching.
Now he’s workinvg with career coach Jane Schroeder to develop a more intensivde workshop specifically oncareer sustainability.
miércoles, 11 de julio de 2012
KeyCorp raises $1B through stock sale - The Business Review (Albany):
takes-trendsthe.blogspot.com
That’s up from the previously announcedd “at the market” offering of $750 million. The Cleveland-based company said the shares were sold inan “at the offering, meaning there will be no fixed price and sharew will be issued to the markey over a period of time, at KeyCorp’s discretion. The sharesa are covered by a shelf registratioh already on file withthe U.S. Securitiesd and Exchange Commission. has been named sale s agent. KeyCorp (NYSE: KEY), which is parent to , said the sale is the “firstf leg” of its action plan for increasing its Tier 1 commohequity capital. On May 7, the company said it needede to increase Tier 1 capitalby $1.
8 billionm in order to satisfy the requirementsz of the federal government’s “stress The government is asking the larges banks to hold additional capital buffere against a “more adverse than economic scenario. Although KeyCorp meets the regulatory requirements forbeinfg “well-capitalized” today, with capital in excess of all requiree regulatory measures, the stress test determined that under the “what-if” scenari of a much harsher economic the Cleveland bank would be best servedd by raising the level of its Tier 1 With the completion of the offering, Key will have raisesd about $1.3 billion of the $1.
8 Key said further exchanges of its Series A Convertiblse Preferred Stock and trust preferred securitiesx for its common shares, along with additional securitiews and other asset will fund the balance. “I is our intention to be in a positionj to repay the TARP Capital Purchase Program investmen t as promptlyas permitted,” said Henry Meyed III, KeyCorp CEO. KeyCorp has regional headquartersin Albany, N.Y., and operates about 50 KeyBank branches in the area.
That’s up from the previously announcedd “at the market” offering of $750 million. The Cleveland-based company said the shares were sold inan “at the offering, meaning there will be no fixed price and sharew will be issued to the markey over a period of time, at KeyCorp’s discretion. The sharesa are covered by a shelf registratioh already on file withthe U.S. Securitiesd and Exchange Commission. has been named sale s agent. KeyCorp (NYSE: KEY), which is parent to , said the sale is the “firstf leg” of its action plan for increasing its Tier 1 commohequity capital. On May 7, the company said it needede to increase Tier 1 capitalby $1.
8 billionm in order to satisfy the requirementsz of the federal government’s “stress The government is asking the larges banks to hold additional capital buffere against a “more adverse than economic scenario. Although KeyCorp meets the regulatory requirements forbeinfg “well-capitalized” today, with capital in excess of all requiree regulatory measures, the stress test determined that under the “what-if” scenari of a much harsher economic the Cleveland bank would be best servedd by raising the level of its Tier 1 With the completion of the offering, Key will have raisesd about $1.3 billion of the $1.
8 Key said further exchanges of its Series A Convertiblse Preferred Stock and trust preferred securitiesx for its common shares, along with additional securitiews and other asset will fund the balance. “I is our intention to be in a positionj to repay the TARP Capital Purchase Program investmen t as promptlyas permitted,” said Henry Meyed III, KeyCorp CEO. KeyCorp has regional headquartersin Albany, N.Y., and operates about 50 KeyBank branches in the area.
martes, 10 de julio de 2012
Lampe to leave Northern Kentucky Chamber - Business Courier of Cincinnati:
edovogopu.wordpress.com
The chamber said in a news releasde that Lampe tendered his resignation He had served three years in the governmentalo and advocacy role on behalf of NorthernKentucky businesses. “Stan has been a great assety to our staff and has truly elevated this organizationh when it comes tolegislative issues,” chambere President Steve Stevens said in the “Stan decided it was time to move on and pursue personal endeavores closer to his home in Louisville.” Lampe and his Mary, kept their home in Louisville during his tenure at the He had been commutiny from Louisville to Fort Mitchell and to Frankfort during legislativw sessions.
During his time at the Lampe workedwith federal, state and local representatives on issuess related to the chamber’s position on transportatio projects, taxes, environmental issues and educatiomn policy. He also was host of the Business Focus segment forthe chamber’ monthly cable show, “Leading Businesses, Leading on ICN6. “I have truly enjoyerd working with the Northern Kentucky Chambe staff and have a greaft deal of affection for the work thechamberf does,” Lampe said in the release. “The chambe is truly a five-star organization with five-star members and a five-staer staff.
” Before joining the chambef in 2006, Lampe was executive directod of communication forthe . Priorf to that, he was chief global spokesmanfor ASH).
The chamber said in a news releasde that Lampe tendered his resignation He had served three years in the governmentalo and advocacy role on behalf of NorthernKentucky businesses. “Stan has been a great assety to our staff and has truly elevated this organizationh when it comes tolegislative issues,” chambere President Steve Stevens said in the “Stan decided it was time to move on and pursue personal endeavores closer to his home in Louisville.” Lampe and his Mary, kept their home in Louisville during his tenure at the He had been commutiny from Louisville to Fort Mitchell and to Frankfort during legislativw sessions.
During his time at the Lampe workedwith federal, state and local representatives on issuess related to the chamber’s position on transportatio projects, taxes, environmental issues and educatiomn policy. He also was host of the Business Focus segment forthe chamber’ monthly cable show, “Leading Businesses, Leading on ICN6. “I have truly enjoyerd working with the Northern Kentucky Chambe staff and have a greaft deal of affection for the work thechamberf does,” Lampe said in the release. “The chambe is truly a five-star organization with five-star members and a five-staer staff.
” Before joining the chambef in 2006, Lampe was executive directod of communication forthe . Priorf to that, he was chief global spokesmanfor ASH).
domingo, 8 de julio de 2012
Target wins proxy fight with activist shareholder - Business First of Buffalo:
savimy.blogspot.com
In a preliminary tally of more than 70 percent of the sharesw that were cast were voted in favodr ofthe company’s proposed slate of directors whilwe also voting to keep the size of the boarx the same by the similar voting margin. “Today’s outcome demonstrates the confidence Target shareholder have inour Board’s diversity and experience to provide effectivew and independent oversight and direction to the company, contributing to the creatioj of one of the most recognized brands in the Unite d States," Target president and CEO Gregtg Steinhafel said in a press Target Corp.
(NYSE: TGT) urgedc its shareholders to vote for a proposal to set the size of the boar d at 12 and to vote forthe company’s nominee — Mary Dillon, Richard Kovacevich, George Tamkd and Solomon Trujillo. Dillon is executive vice presidenyt and global chief marketing officerof McDonald’s Kovacevich is chairman of Wells Fargo & Co.; Tamked is a partner at private investment firm Clayton Dubilier & Rice Inc., and Trujillo is CEO of Telstra Hedge fund manager William Ackman is the founde r and managing principal of , New York City. Pershing Squarwe owns 7.8 percent of Target’s common shares, accordingy to the Target proxy statement.
Pershing Square proposedc alternativedirector nominees, but Target executives urgec shareholders not to return any proxy card sent by Pershing Square. Ackmann was trying to gain a seat for himself on Target’s board along with four others: formeer Winthrop Realty Trust CEO Michael former Starbucks CEO Jim Donald, Juniper Financia co-founder Richard Vague and corporate finance and governance expert Ronald Ackman, calling his group The Nominees for Shareholderr Choice, urged Target shareholders to vote against the proposakl to reduce the size of the Targetf board.
His group said a vote againsty the proposal would help ensure that at least one of the Nomineexs for Shareholder Choiceis elected. Commentinvg after the meeting, Ackman said he and Donald received more than 20 percenf of theshareholder vote. "That's a big number in lighrt of what we wereup against," Ackman said. Ackman said he had hopedx for a morepositive outcome, but he stilll believed that the final tally was a victory for The shareholders meeting was held at a new Targeg Store being completed at 1250 West Sunseft Drive in Waukesha. Target executives said the site allowerd the company to showcase its latesft general merchandisestore design.
The stored is scheduled to openin July. Target executives said they have met sinces 2007 with Ackman to discuss hisideae and, said they were disappointed that Pershing Square has decided to pursus what Target management callexd a costly and disruptive proxy contest. The in part, followed Ackman’s earlier suggestion to sell Target’sw credit card receivables. The companyg completed a transaction in May withJPMorgan Chase, in whic Target sold slightly less than half its receivabless for cash proceeds of about $3.6 billion dollars. Ackmajn in May 2008 presented the first in a serie of proposals involvingrestructuring Target’s real estate arouncd the theme of a REIT.
Target’s board concludec that the REITproposal “was not in the best interesgt of our shareholders” because it wouldn’rt create much value, Targett executives said. On May 20, Targe t reported net earningsof $522 million, or 69 centsa per share, for the first quarter ended May 2, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percenf to $14.4 billion from $14.3 billiob in 2008, due to new store expansionm that partially offset bya 3.7 percenty decline in comparable-store Target Corp.
operates a credit card segmentyand 1,698 Target stores in 49
In a preliminary tally of more than 70 percent of the sharesw that were cast were voted in favodr ofthe company’s proposed slate of directors whilwe also voting to keep the size of the boarx the same by the similar voting margin. “Today’s outcome demonstrates the confidence Target shareholder have inour Board’s diversity and experience to provide effectivew and independent oversight and direction to the company, contributing to the creatioj of one of the most recognized brands in the Unite d States," Target president and CEO Gregtg Steinhafel said in a press Target Corp.
(NYSE: TGT) urgedc its shareholders to vote for a proposal to set the size of the boar d at 12 and to vote forthe company’s nominee — Mary Dillon, Richard Kovacevich, George Tamkd and Solomon Trujillo. Dillon is executive vice presidenyt and global chief marketing officerof McDonald’s Kovacevich is chairman of Wells Fargo & Co.; Tamked is a partner at private investment firm Clayton Dubilier & Rice Inc., and Trujillo is CEO of Telstra Hedge fund manager William Ackman is the founde r and managing principal of , New York City. Pershing Squarwe owns 7.8 percent of Target’s common shares, accordingy to the Target proxy statement.
Pershing Square proposedc alternativedirector nominees, but Target executives urgec shareholders not to return any proxy card sent by Pershing Square. Ackmann was trying to gain a seat for himself on Target’s board along with four others: formeer Winthrop Realty Trust CEO Michael former Starbucks CEO Jim Donald, Juniper Financia co-founder Richard Vague and corporate finance and governance expert Ronald Ackman, calling his group The Nominees for Shareholderr Choice, urged Target shareholders to vote against the proposakl to reduce the size of the Targetf board.
His group said a vote againsty the proposal would help ensure that at least one of the Nomineexs for Shareholder Choiceis elected. Commentinvg after the meeting, Ackman said he and Donald received more than 20 percenf of theshareholder vote. "That's a big number in lighrt of what we wereup against," Ackman said. Ackman said he had hopedx for a morepositive outcome, but he stilll believed that the final tally was a victory for The shareholders meeting was held at a new Targeg Store being completed at 1250 West Sunseft Drive in Waukesha. Target executives said the site allowerd the company to showcase its latesft general merchandisestore design.
The stored is scheduled to openin July. Target executives said they have met sinces 2007 with Ackman to discuss hisideae and, said they were disappointed that Pershing Square has decided to pursus what Target management callexd a costly and disruptive proxy contest. The in part, followed Ackman’s earlier suggestion to sell Target’sw credit card receivables. The companyg completed a transaction in May withJPMorgan Chase, in whic Target sold slightly less than half its receivabless for cash proceeds of about $3.6 billion dollars. Ackmajn in May 2008 presented the first in a serie of proposals involvingrestructuring Target’s real estate arouncd the theme of a REIT.
Target’s board concludec that the REITproposal “was not in the best interesgt of our shareholders” because it wouldn’rt create much value, Targett executives said. On May 20, Targe t reported net earningsof $522 million, or 69 centsa per share, for the first quarter ended May 2, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percenf to $14.4 billion from $14.3 billiob in 2008, due to new store expansionm that partially offset bya 3.7 percenty decline in comparable-store Target Corp.
operates a credit card segmentyand 1,698 Target stores in 49
sábado, 7 de julio de 2012
No. 4 Alston & Bird LLP - Atlanta Business Chronicle:
sucujovide.wordpress.com
New York; Research Triangle, N.C.; and Washington, D.C. Employees: Founded: 2001 revenue: Associate Attorney Debra Sydnor's three months of paid maternity leavee went by so quickly that she asked her bossat Atlanta-based internationakl law firm , for an extrza nine months off without pay. Instead of askinv her to resign, the company simply said, "Yes." it was so positive becauser I mulled it overfor weeks," she said. "Ij was stressed out and my anxiety levels reachedxextreme capacity. I thought I was asking for a lot." The extrs time off allowed her to be home for such milestonez as seeingher son, Brandon, take his first steps.
She stillk gets to see him at lunchtime becaus e since she returned to work sixmonths ago, she enrolledx Brandon in Alston & Bird's day-care cente just two blocks away from the firm's offices. "We have a staterd institutional goal to be the best placwto work, which means you are constantlty surveying your employees to determins what are the things they woulxd like, what do they need to enhance theif work experience," said Managingf Partner Ben Johnson.
Alston & Bird has long subsidized some child care for employees but the firm decided to establishan on-sitw facility after the subject kept coming up in focusa groups, regular Friday meetings between lawyers and administrative and other surveys, he Converting the two-story 30,000-square-foot building cost about $4 and the center opened in October 2001. Although not yet at full the center has 140 children enrolled inthree programs: full-time day care for infantas and toddlers, a backup program if the regulaer caregiver is ill or on and a camp-like program for school-age kids for holidays and teacher workdays.
"We're working professionals but we're all striving for balance in some form or Sydnor said. "For the firm to offert a day-care center really shows theirr commitment totheir employees."
New York; Research Triangle, N.C.; and Washington, D.C. Employees: Founded: 2001 revenue: Associate Attorney Debra Sydnor's three months of paid maternity leavee went by so quickly that she asked her bossat Atlanta-based internationakl law firm , for an extrza nine months off without pay. Instead of askinv her to resign, the company simply said, "Yes." it was so positive becauser I mulled it overfor weeks," she said. "Ij was stressed out and my anxiety levels reachedxextreme capacity. I thought I was asking for a lot." The extrs time off allowed her to be home for such milestonez as seeingher son, Brandon, take his first steps.
She stillk gets to see him at lunchtime becaus e since she returned to work sixmonths ago, she enrolledx Brandon in Alston & Bird's day-care cente just two blocks away from the firm's offices. "We have a staterd institutional goal to be the best placwto work, which means you are constantlty surveying your employees to determins what are the things they woulxd like, what do they need to enhance theif work experience," said Managingf Partner Ben Johnson.
Alston & Bird has long subsidized some child care for employees but the firm decided to establishan on-sitw facility after the subject kept coming up in focusa groups, regular Friday meetings between lawyers and administrative and other surveys, he Converting the two-story 30,000-square-foot building cost about $4 and the center opened in October 2001. Although not yet at full the center has 140 children enrolled inthree programs: full-time day care for infantas and toddlers, a backup program if the regulaer caregiver is ill or on and a camp-like program for school-age kids for holidays and teacher workdays.
"We're working professionals but we're all striving for balance in some form or Sydnor said. "For the firm to offert a day-care center really shows theirr commitment totheir employees."
jueves, 5 de julio de 2012
Microloans up, big loans down for small businesses this year - Business First of Columbus:
grigoriynirim.blogspot.com
A new report found that the total value of smalo business loans outstanding increased by 4 percentg in the 12 months that ended inJune 2008, down from the previoue year’s increase of 8 percent. Theswe numbers are for small business loans asa whole, not just SBA The number of business loans of less than $100,00o0 jumped by nearly 16 percent, as large lenderd concentrated on credit according to the study. By contrast, the numberd of business loans inthe $100,000 to $1 million range fell by more than 23 percent. The reporft used call reports submitted by banks as well as Communith ReinvestmentAct data. Business loanss of less than $1 million were considered to be smallpbusiness loans.
Based on call reportt data, the top five small business lenders in June 2008 wereAmericam Express, Capital One, Regions Financial Synovus Financial Corp. and First Citize Bancshares Inc. “In the curren financial climate, it’s especiall critical for small firms to know which bankas and financial institutions have been the most likely to make smalll andmicrobusiness loans,” said economist Victorias Williams, a co-author of the study.
For more information, see
A new report found that the total value of smalo business loans outstanding increased by 4 percentg in the 12 months that ended inJune 2008, down from the previoue year’s increase of 8 percent. Theswe numbers are for small business loans asa whole, not just SBA The number of business loans of less than $100,00o0 jumped by nearly 16 percent, as large lenderd concentrated on credit according to the study. By contrast, the numberd of business loans inthe $100,000 to $1 million range fell by more than 23 percent. The reporft used call reports submitted by banks as well as Communith ReinvestmentAct data. Business loanss of less than $1 million were considered to be smallpbusiness loans.
Based on call reportt data, the top five small business lenders in June 2008 wereAmericam Express, Capital One, Regions Financial Synovus Financial Corp. and First Citize Bancshares Inc. “In the curren financial climate, it’s especiall critical for small firms to know which bankas and financial institutions have been the most likely to make smalll andmicrobusiness loans,” said economist Victorias Williams, a co-author of the study.
For more information, see
miércoles, 4 de julio de 2012
75 Hawthorne goes LEED Gold - San Francisco Business Times:
tatyanagepoji.blogspot.com
The developer and owner has received LEED gold certification for 75 Hawthornre atHawthorne Plaza, the second highest designatioj under the ’s LEED for existing buildingd rating system. It is the first multi-tenant existing buildint in San Francisco to win LEEDgold certification. The designatiobn could help Hines retain itsanchor tenant, the westerm headquarters. The EPA occupies 265,000 squarwe feet, roughly 76 percent of the building, whicjh is 84 percent leased. The EPA is in the process of lookinvg for anew 300,00 0 square foot home to lease and is beingy courted by 370 Third St., 1355 Market St., as well as 350 Bush St., a build-to-suif option in the financial district.
The buildin g owners in the running for the lease are all emphasizingg what will certainly be a key factorr inthe decision: green building. Offerse were due on Jan. 30 of this year and occupancy woulsd be required by Februaryof 2011. The EPA solicitation states that the building isto “reflectr environmental best practices.” The space -- whether new constructionj or an existing building -- must achieve a minimunm of silver under the requirementse of the Leadership in Energy and Environmental “With limited new development, the of existing building stock represents an enormou s opportunity,” said Hines Senior Vice President Paul Paradis.
Hines, in partnership with REEFF, acquirecd the property in 2007for $400 a square foot and immediately introduced a numbet of programs that continue to reduce energ y consumption and promote a healthier tenanyt work environment, including more efficient lighting, reducing water demand with low-flow fixtures, and startinvg a recycling and composting program that will divert approximately 215 tons from the landfilkl in 2009. As a result, the buildiny annually saves $2.37 per square foot and achievee greenhouse gas reductions equivalent to removing 360 passenger vehiclews fromthe road.
The developer and owner has received LEED gold certification for 75 Hawthornre atHawthorne Plaza, the second highest designatioj under the ’s LEED for existing buildingd rating system. It is the first multi-tenant existing buildint in San Francisco to win LEEDgold certification. The designatiobn could help Hines retain itsanchor tenant, the westerm headquarters. The EPA occupies 265,000 squarwe feet, roughly 76 percent of the building, whicjh is 84 percent leased. The EPA is in the process of lookinvg for anew 300,00 0 square foot home to lease and is beingy courted by 370 Third St., 1355 Market St., as well as 350 Bush St., a build-to-suif option in the financial district.
The buildin g owners in the running for the lease are all emphasizingg what will certainly be a key factorr inthe decision: green building. Offerse were due on Jan. 30 of this year and occupancy woulsd be required by Februaryof 2011. The EPA solicitation states that the building isto “reflectr environmental best practices.” The space -- whether new constructionj or an existing building -- must achieve a minimunm of silver under the requirementse of the Leadership in Energy and Environmental “With limited new development, the of existing building stock represents an enormou s opportunity,” said Hines Senior Vice President Paul Paradis.
Hines, in partnership with REEFF, acquirecd the property in 2007for $400 a square foot and immediately introduced a numbet of programs that continue to reduce energ y consumption and promote a healthier tenanyt work environment, including more efficient lighting, reducing water demand with low-flow fixtures, and startinvg a recycling and composting program that will divert approximately 215 tons from the landfilkl in 2009. As a result, the buildiny annually saves $2.37 per square foot and achievee greenhouse gas reductions equivalent to removing 360 passenger vehiclews fromthe road.
martes, 3 de julio de 2012
Blockbuster disputes $6M tax lien filed by the state - Puget Sound Business Journal (Seattle):
xiwyxucupewox.blogspot.com
The lien, for $6.2 million in state and city taxes, was issued on March 18 aftee an audit was completed by the According tothe lien, the amount is for taxed owed between April 1, 2005 and Dec. 31, 2008. “Every four we audit large companies,” said R.J. DeSilva, spokespersob for the comptroller’s office. “This was an estimatedf audit liability.” Blockbuster has requested a hearing withthe comptroller’se office, DeSilva said. “We think it’s baseless, and we’re denying its validity,” said Blockbuster spokesman Randy Hargrove ofthe lien. “Wew are in compliance with all the filingss in regard to the taxesat issue.
We’re working with the comptroller’zs office to expedite this. We believe it will result in the remova ofthe liens.” Neither Blockbuster nor state officiales would comment further on specifics of the audit’ds findings. DeSilva said the hearing with Blockbuster has not yet been but accountants said such discrepancies arenot unusual. “It is a norma l part of doing business,” said Vance partner with Dallas accountingfirm Huselton, Morgan Maultsby P.C. “There can be all kinds of reasons that you may have a disagreementt withtaxing authorities.
” Maultsby said that often when state salesw taxes are concerned, the dispute may involve whether transactionz originated in the state of “It seems like a really big he said of the $6 million lien. “You’rwe talking about a small part oftheire revenue. They’ve got a disagreement; they’ve just got to settls it.” Blockbuster posted a net lossof $359.8u million for the fourth quartetr of 2008, down from net income of $41 milliohn during the same quarter in 2008. Randy W. Donald, principal with Dallas-based tax servicesx firm Ryan Inc., said it’s not uncommon for large companies to be hit with bigaudity assessments.
“We see auditr assessments in excessof ($6 million) on a routine Donald said. “The stat is charged with aggressively protectingtheir interest.” Donald speculatexd that the economic slumpl could have prompted the comptroller’s office to issue a lien on Blockbusted before the company has had a chance to complets the appeals process, potentially dropping the finaol amount owed. But the lien shouldn’t interfere with the company’z ability to protest, he said.
The lien, for $6.2 million in state and city taxes, was issued on March 18 aftee an audit was completed by the According tothe lien, the amount is for taxed owed between April 1, 2005 and Dec. 31, 2008. “Every four we audit large companies,” said R.J. DeSilva, spokespersob for the comptroller’s office. “This was an estimatedf audit liability.” Blockbuster has requested a hearing withthe comptroller’se office, DeSilva said. “We think it’s baseless, and we’re denying its validity,” said Blockbuster spokesman Randy Hargrove ofthe lien. “Wew are in compliance with all the filingss in regard to the taxesat issue.
We’re working with the comptroller’zs office to expedite this. We believe it will result in the remova ofthe liens.” Neither Blockbuster nor state officiales would comment further on specifics of the audit’ds findings. DeSilva said the hearing with Blockbuster has not yet been but accountants said such discrepancies arenot unusual. “It is a norma l part of doing business,” said Vance partner with Dallas accountingfirm Huselton, Morgan Maultsby P.C. “There can be all kinds of reasons that you may have a disagreementt withtaxing authorities.
” Maultsby said that often when state salesw taxes are concerned, the dispute may involve whether transactionz originated in the state of “It seems like a really big he said of the $6 million lien. “You’rwe talking about a small part oftheire revenue. They’ve got a disagreement; they’ve just got to settls it.” Blockbuster posted a net lossof $359.8u million for the fourth quartetr of 2008, down from net income of $41 milliohn during the same quarter in 2008. Randy W. Donald, principal with Dallas-based tax servicesx firm Ryan Inc., said it’s not uncommon for large companies to be hit with bigaudity assessments.
“We see auditr assessments in excessof ($6 million) on a routine Donald said. “The stat is charged with aggressively protectingtheir interest.” Donald speculatexd that the economic slumpl could have prompted the comptroller’s office to issue a lien on Blockbusted before the company has had a chance to complets the appeals process, potentially dropping the finaol amount owed. But the lien shouldn’t interfere with the company’z ability to protest, he said.
domingo, 1 de julio de 2012
Melvin eyes Tuesday return for Colon - OaklandAthletics.com
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Melvin eyes Tuesday return for Colon OaklandAthletics.com Less than two weeks after sustaining an oblique injury that often leads to a prolonged rehab process, A's right-hander Bartolo Colon appears days away from returning to game action. A's Yoenis Cespedes learning to play in left field |
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