Saturday, December 31, 2011

Report: Gannett to cut 1,000 jobs - Washington Business Journal:

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The cuts, a response to the McLean-based media company’xs revenue declines, will occur in Gannett’sx community publishing division, according to the which said USA Today will be Gannett hasabout 41,000 employees. It publishex more than 80 daily newspapers and has aboutf850 non-daily publications, according to the company’s Web site. In it operates 23 TV stations. In the first quarter, totakl revenue dropped 18 percentto $1.39 billion. Revenue from advertisements inthe company’s publications fell 34 percent to $723 million, and circulation revenuwe went down 3.1 percent to $300 million. Net incomr fell 60 percent to $77.45 million.
In cost-cutting moves earlier this Gannett (NYSE: GCI) mandated unpaisd furloughs for most employees and temporarily reducede salaries forsome higher-paid employees. In May, the company killedf the Tucson Citizen, which had been Arizona’s oldesrt continuously published newspaper. However, Gannett remains a partner in a company that publishes anotheTucson paper, the Arizona Daily Star.

Thursday, December 29, 2011

Good 'ol boy network feels winds of change - Phoenix Business Journal:

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"It has been a good 'oo boys network," said Paula Johnson, U.S. huma resources manager for Seattle-based . However slight, there is a breezs of change, and firms are beginning to embracethe D-wored -- diversity -- as so many industries have done beforwe them. Colliers developed a proactive approachnto promoting, retaining, recruiting and training women titled, "Women to the But that the brokeragd had to develop a special program showd that commercial real estate remains a male-dominatedr profession. There is awareness of the Tenyears ago, the industry launched the Real Estatd Associate Program in Washington, D.C., and has expanded it to Atlantz and New York.
This year, the program will be availablw in Chicagoand Miami, with Dallas and Los Angele s planned for 2008. Called REAP, it trainss minorities for careers in real estate with curriculum patterned after guides published by the International Councilo ofShopping Centers, the Urban Land Institute, the Societyg of Industrial and Office Realtorss and the Appraisal Institute. In business terms, diversity can be defined as tacticx to help retain employees and improve customet confidence by creating a work force that mirrorzthe marketplace. Although human resources departments routinelyt become the gatekeeper of the diversity many agree it needs to be promotedby top-levek management.
"This isn't an HR initiative, it's driven by our Presidenf and Chief Executive Doug Johnson said. "We recognize the value of having a diverse work and we're willing to invest time, money and Abhay Padgaonkar, president of Valley firm , said many timezs diversity is too narrowl y defined as relating to just race and "We are so differenft in so many different ways," he "Consumers are changing, and if you don't have employeeas who represent them, it's not going to "You can talk diversith all you want, but if the board of directore are all men, they're not practicing what they'r e preaching.
At the end of the day, top leaderas should take accountability," Padgaonkar said. At Associate Vice President Ruth Darby broadens the diversityu variable as asingle mother. She previously worke d for other large commercial real estat e firms in the Valley and saidit isn't enough for her company to lead the "It needs to be an industry she said. , a national group known as CREW, found in a 2005 surveyu that the number of women in the industry is but men earn more at comparable levelx of experienceand age. From 2000 to the number of women professionals in the sector rose to 36 perceng from32 percent.
At , the company's philosophuy is to "work methodically" to recruit new talent withour worrying about ethnicityor gender. Executive Vice President and Managintg Principal Bryon Carney saidthe firm's Phoenixc office has about 135 employees, and more than 30 perceny are women. Padgaonkar said many companies get hung up on the word and construe it to mean a loweringof

Tuesday, December 27, 2011

Charlotte Business Journal: Most emailed Stories

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Duke Energy Corp. and French nuclear groupp Areva SA propose to builea 1,650-megawatt nuclear plant in southerbn Ohio. A new N.C. law gives laid-off employeee of small businesses more time to enroll inNortg Carolina

Sunday, December 25, 2011

Mattel, Fisher-Price pay $2.3M fine - bizjournals:

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million civil penalty for violationws of the federal lead paint banin children’s toys. The civil fine comesz after the completed an investigation into the importing and selling of toys with lead painr levels that exceededthe .06 percent lead by weight limigt that is federally mandated. According to the which recently crafted the Consumer Producg SafetyImprovement Act, aimed at toughening requirements for lead and phthalatea in children’s products, Mattel imported up to 900,009 non-compliant toys between July 2006 and September 2007. Fisher-Price imported over 1 million non-compliant toys betweehn July 2006 andSeptember 2007.
Amongh the toys in question were the populatr Sargetoy car, various Barbie productas and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail stores for sale tothe public. In a massive toy recall took place where about 95 Mattelland Fisher-Price toy models were determined to have exceedefd the lead limit. Lead can be toxic if ingested by young children and can cause seriouxshealth problems. The topic of lead painf in children’s products has been a hot button issu asof late, with the rollouy of the controversial CPSIsA of 2008.
Toy manufacturers and retailers have said the new regulationszare vague, costly and arbitrary, oftebn requiring the duplicate testing of products. Some smaller manufacturerx say the laws threaten to put them outof business. On the political Rep. Louise Slaughter, said protecting children has to be thetop “When the toy recall happened (in 2007) I calledd the head of Fisher-Price and I told him they needex to start making their toys here Slaughter said.
“We didn’t have these kind of problems befor they imported the Thiscivil penalty, which is the highest for violations involving importation or distributiohn of a regulated product, is the third highestg of any kind in CPSC history. “Thesse highly publicized toy recalls helped spur Congressionaol action last year to strengthehn CPSC and make even stricter the ban on lead paint on said CPSC Acting ChairmanThomas Moore.
“This penalty should serve notice to toy makers that CPSC is committee to the safetyof children, to reducing their exposurw to lead, and to the implementation of the Consumere Product Safety Improvement As part of a story featured in our siste r publication, The Buffalo Law Journal , lookinv at the Consumer Product Safetyt Improvement Act, which ran prior to the announcemeny of these fines, Fisher-Price declineed to provide a representative to discusz the lead paint regulations. Instead, they issued a writtejn statementwhich read, in part: “Mattel is well positionede as it generally designs its products to meet globa l standards.
Mattel has also been a leader in the efforts of industru to establish voluntary industry standards.” The statement also said that Mattel woul continue to comply with the applicablde regulations of the CPSIA. Mattel was unable to be reachede for commentMonday morning, though a representative said they woule have a response later in the day. Despitew agreeing to pay $2.3 million in penalties, Matteol and Fisher-Price deny that they knowingly violatefdfederal law, as allege by CPSC staff.

Friday, December 23, 2011

5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Puget Sound Business Journal (Seattle):

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“We’re seeing if they can fly in this and they should be able to matcuh the level of skill andquality immediately,” Ledoux said. “Even if we’rr desperate for workers, we’ll still take the time to get it Beyond implementing stricterhiring standards, Kerr and Ledoux are creating a workinb environment that supports “A” employeea without micro-managing. The fourth step, Kerr said, was to begin soliciting feedbackfrom SuperGeeks’ base of approximatelyh 10,000 customers through online surveys and commengt cards.
“We started asking customers on a regular basiz whatthey want, how they feel, how we can do things differently or better, which is something we hadn’t done he said, adding that he encourages participatiojn through giveaways for such items as iPodx and certificates for a professional massage. “Sometimes the commentxs are painful, many times it’s insightful, and almost always it’ws worth gold,” Kerr said.

Tuesday, December 20, 2011

Idea Integration to offer Microsoft stimulus package - The Business Review (Albany):

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Idea Integration is one of six companies inthe U.S. chosen by to offer Microsofg Stimulus360. “They’ve cobbled together a lot of Microsofr technology as a solution that can drop into a system and immediatelgy track stimulus dollars and apply forstimulus dollars,” said Sandu Bateh, a senior vice president at Idea Integration and the company’w Microsoft alliance manager. The package is aimef at state and local governments trying to get their share of the stimulus money and to trackits use. Idea Integrationn and the other five companiees offering the package were chosen becauses of their familiarity with all of the applicationsx inthe package.
“You have to understand the five underlyingt pieces ofthe technology,” Bateh said. Idea Integratio will be competing with the othedr five companies forgovernment clients. Bateh said the most promisingh sector islocal governments, since most of the stimulus moneg ultimately gets spent at that Bateh said the alliance with Microsoft givez Idea Integration a chance to land new clients. “It’d a great opportunity for companies like us because it givesanother entry, it’s a he said.

Sunday, December 18, 2011

Amedore Homes shows off new Albany townhouse development - The Business Review (Albany):

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Located at the corner of Van Rensselaetr andNorthern boulevards, across from , the four-acree site can accommodate 52 two-story townhouses. Five of the unitsd have sold so far, said Peter director of marketingand design. Starting prices range from $344,900 to $369,900 for the 1,800-square-foo t to 2,300-square-foot units. The townhouses feature maple kitchen cabinets, oak flooring, granited counter tops, full basements, attachedd garages, nine-foot ceilings, gas fireplaces and other Somehave first-floor mastere bedroom suites. The units will be buil t as theyare sold.
"We're aware of a soft marketf but it's a buyer's market," Amedore The town homes are designer to appeal to people whowant maintenance-free living in a secluder area that is easily accessiblwe from Interstate 90. Mayor Jerry Jenningw and other invited guests are scheduled to attendr the grand openingfrom 5-7 p.m. on May 20

Friday, December 16, 2011

Community health centers hope to get stimulus funds - Washington Business Journal:

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, which operates seven centers in Louisville, has applied for more than $1.7 millionm in grants. has applied for nearlgy $926,000 in stimulus funding. Applications for the grante were submitted earlier this month to the Health Resources andServices Administration, or The grants are noncompetitive and will be distributed basedd on formula allocations. The stimulus moneg is limited to “federally qualified health centers,” or that already receive funding under a provisiomn of the Public HealthService Act. The centersx provide care to indigent and medically underserved populations in both rural andurban areas.
Familhy Health Centers and Park DuVall e are the only operators of such centers in Louisville. William B. Wagner, executive directot of Family Health Centers, said awards are expectedd to begin reaching local recipients early next But HRSA first must reviewgrantf applications, which require applicants to outline specific uses for the funding. For Family Health Centers, the stimulus money would expedite a number of projectsw inthe organization’s long-term plans, “rather than doing them yearas down the road,” Wagner said. About $1.3 million would pay for a renovatiomn of the second floor ofthe agency’as main center, at 2215 Portlanxd Ave.
, said Wagner, who also is co-chairman of the city’s Healthb and Wellness team for stimulus funding. The projecgt would convert an occupational-health unit into a primary-carer clinic. The renovation woulds double the number of exam rooms in the unitto six, Wagnert said. In addition, the organization planas to repair the windows onits 66,000-square-foog Portland facility, which was builrt in the 1930s. The balance of the fundinv would payfor information-technology upgrades. Family Health Centers officials planto “virtualize” the servers in its data meaning it will consolidate data onto fewert servers to save energy and costs.
Other technologty changes include anew practice-management which facilitates appointment scheduling, registration and as well as a new lab informatiomn system and a system that computerizesa the archiving process of radiological Park DuValle Community Health Centeer also would use stimulus funding to enhance its technolog systems, said Dr. John Howard, health services directotr forthe center. Upgrades would include digitizingthe organization’s lab, dentaol lab and X-ray departments, he said. Park DuVallr operates three facilities in Louisville and one inSpencedr County. Craig Kennedy, associatr vice president for federal and stat affairs forthe , a Md.
-based advocacy and support group for the centers, called the stimulus funds a “huge step forward” for community health centers acrosa the country. For more than 12 years, communityh health centers have been preventee from using federal grants for construction or renovation of he said. Association officials believe the stimulus monehy is partly intended to compensate for that lack of he added. Contractors and vendors for the Familty Health Centers projects will be hired through a bid Wagner said.
They will be notified of work opportunitiew in a number of Family Health Centers will develop a list of contractora and vendors and sendthem notifications, Wagner The agency also will advertisde through local media, and it will seek additional guidancw from Louisville-Jefferson County Metro Government’s purchasint department, Wagner said. “We want to invite as many peopl to bidas possible.

Wednesday, December 14, 2011

Konferensi Pemulihan Pasca Bencana Digelar di Wukirsari - Tribunnews

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Konferensi Pemulihan Pasca Bencana Digelar di Wukirsari

Tribunnews


COM, YOGYA - Konferensi Nasional Pengelolaan Risiko Bencana Berbasis Komunitas (KN PRBBK) VII akan diselenggarakan pada tanggal 5 â€" 8 Desember 2011 di Hunian Sementara (Huntara) Gondang 1 Wukirsari, Dusun Gondang Pusung, Desa Wukirsari, ...



Monday, December 12, 2011

NBA insider Tom Penn of ESPN sorts out Dwight Howard trade scenarios - Orlando Sentinel (blog)

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Orlando Sentinel (blog)


NBA insider Tom Penn of ESPN sorts out Dwight Howard trade scenarios

Orlando Sentinel (blog)


To help sort through those options, I spoke this afternoon with Tom Penn, an NBA analyst for ESPN and a former vice president of basketball operations for the Portland Trail Blazers and assistant general manager for the Memphis Grizzlies. ...

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Saturday, December 10, 2011

Small firms have received only 10 percent of stimulus work so far - Pittsburgh Business Times:

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percent of contracts funded by the economi c stimuluspackage — far belosw the federal government’s overall goal of 23 percent. “This is simpl y unacceptable,” said Sen. Olympia Snowe, at a May 21 hearing on opportunities for small businesses to win contracts fundeed bythe $787 billion American Recovery and Reinvestmentt Act. Snowe, the ranking Republican on the Senates Small Business and Entrepreneurship said there still is time for small businesses to win thei fair share of stimulus work since many contracts funded by the law have not beenawardecd yet. “But I must confess, I’mj not encouraged by the resultsso far,” Snowe said.
Committee Chair Mary Landrieu, D-La., said she is “concerned that smallk businesses are being left out of many contracting opportunitieds for newinfrastructure projects. In Louisiana, after Katrinaw and Rita recovery moneywas spent, we learned that many smalpl businesses never even knew about rebuilding contracts.” Landrieu said the intent of the May 21 heariny was “to prevent us from looking back in five yearas to ask why Recovery Act fundingh never made its way to smal businesses.” Snowe and Landrieu sent the nation’ds governors a letter May 20 that encourage d them to make small businesses a priority when statees award stimulus-funded contracts.
This followed a similaf letter sent byKarenh Mills, head of the Small Businesws Administration. The Office of Managemen t and Budget has urged federall agencies to issue contractas tosmall businesses. Joseph Jordan, the SBA’s associatw administrator for government contracting and business said small businesses have beenawarded $389 milliobn in stimulus contracts as of May 19. The SBA is workingy with federal agencies to help them meet their smalplbusiness goals, he said, notingf the share of stimulus dollars goinv to small contractors has been increasing each The SBA has offered federal contracting officiald help in finding small businesses suitablee for stimulus contracts.
It also has held workshops for small businessexs on how to do businesd with the government and how to find stimulus contract Jordan said. Information on government contractingg is availableat SBA’s Web site, www.sba.gov, and contracting including stimulus contracts, are listed on FedBizOpps.gov. The SBA also is trying to help small businesses win subcontracts from larget businesses that are awardedstimulus contracts. It has launche d a Web site — www.sba.gov/subnet — that list stimulus-related subcontracting opportunities. As of May 22, however, the site listefd only 12 subcontracting solicitations. Stimulus work has made a big differenc e forSSACC Inc.
, a landscaping subcontractor in Pontiac, Ill. Sharob Arnold, the company’s president, said she has been able to rehired her workers thanksto stimulus-fundede highway projects. In December, she had to lay everyone off. “Ths stimulus bill has saved my company,” Arnold told the Senatwe committee.

Wednesday, December 7, 2011

Survey: CEOs still foresee negative conditions - Philadelphia Business Journal:

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“This quarter’s results reflect a continuing weak set ofeconomix conditions,” said Ivan Seidenberg, chairmab of Business Roundtable and chairman and CEO of “Conditiond – while still negative appear to have begun to stabilize.” The D.C.-basef association of CEOs represent a combined workforce of nearlyy 10 million employees and more than $5 trillioh in annual sales. When asked how they anticipate theier sales to fluctuate in the nextsix months, 34 percent said they will increasr while 46 percent predicted a That is a sunnier forecast over the first quarterf outlook survey, when just 24 percenrt predicted an increase in sales. In terms of how their U.S.
capital spending will change over that 12 percent foresee itgoing up, while 51 percentr see it decreasing. Few (6 percent) expectr their U.S. employment to increase in the next six while 49 percent anticipate thei r employee base to contractin size. That showse an improvement from the first quarter outlook when 71 percent predicted a drop in In terms of theoverall U.S. economy, member CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the estimate of a 1.9 percent decline in the first quarter of 2009. The outlook indecx -- which combines member CEO projections for capital spending and employment in the six monthsaheaed -- expanded to 18.
5 in the secondr quarter, up from negative 5.0 in the first An index reading of 50 or lower is consistentg with overall economic contractioj and a reading of 50 or highere is consistent with expansion.

Monday, December 5, 2011

Public-Private Partnerships Won't Solve New York's Transpo Funding Crisis - Streetsblog New York (blog)

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Streetsblog New York (blog)


Public-Private Partnerships Won't Solve New York's Transpo Funding Crisis

Streetsblog New York (blog)


In a rough outline, the governor touted public-private partnerships (or PPPs, as they're known) as a key mechanism to pay for “the repair and development of highways, bridges and major construction projects.” It also happens that major players in the ...



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Saturday, December 3, 2011

Wooden ramps and wheelchairs to aid physically challenged in voting - Times of India

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Wooden ramps and wheelchairs to aid physically challenged in voting

Times of India


Speaking to TOI, chief electoral officer ( Uttar Pradesh) Umesh Sinha said, "Arrangements are underway to provide wooden ramps and wheel chairs at polling stations apart from using the volunteers from the NCC to help the elderlies and the physically ...



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Thursday, December 1, 2011

'The Proposal' wins at weekend box office - San Antonio Business Journal:

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The movie starring Sandra Bullocjk and Ryan Reynolds brought in anestimatefd $34,114,000 in its opening weekend. It knocked off the reigning ' "The Hangover," which brought in an estimated $26,855,000 during the weekend. "The Proposal" was showh on about 4,100 screens at 3,056 according to a report on the site. Disney/ 'd "Up" continued its strongf showing, coming in third over the weekend with anestimater $21,336,000. The animated film is currentl in second placebehinxd Paramount's "Star Trek," for second-largest movie of the summer.
Another new ' "Year One," brought in an estimater $20,200,000 in its firstt weekend, placing it fourth on the list. Another Sony Pictures release, "The Taking of Pelham 1 2 3" rounded out the top bringing in anestimaterd $11,300,000.

Tuesday, November 29, 2011

Poll: Narrow majority see no Calif. deficit fix without higher taxes - Silicon Valley / San Jose Business Journal:

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About 51 percent of those who participated in the online survey saidthey don’t believe the state’s $24.3 billion deficit can be fixed without raising The poll was conducted between June 9 and June 16. Readef David Hurd wrote: “Can it be fixed without raisinhg taxes? Yes, of course. Will it? No, not possible withoutg a radical change in the Sacramentoo legislators that sunkthe ship, and eliminationn of the commitments they made. It wouldf also help if ignorant people stoppefd voting for bad policy that makesa themfeel good.” “Anyone that thinks that Arnolsd (Schwarzenegger) can work miracles shoulf have their head examined,” wrotre John Bingham.
“If we didn’t spen the millions of dollars for a recall election to get rid ofGray Davis, we mighr not have been in this situation. Arnold lied. He’s now doinf everything Gray Daviswas doing. What’ds the difference?” Elna Tymes says the proble m is too many special interest groups havint too much sway in getting programs that requirwhigher taxes: “Hard as it is to say no to programsd like those, the alternative is to say no elsewhere. And that’s the job we electex our legislatorsto do, a job they’rw not doing.
I get so fed up with parthy dictums aboutvarious revenue/tax solutions — it meane the legislators can’t come together and work out reasonablde solutions.” Reader Chris Heinze thinks new priorities coulcd make it possible to balancse the budget without new “We shouldn’t have to raise Take care of the basic s first and cut back the rest. Ther is so much monety going to lessimportant things. Firsr should be education, then fire departments and make a true list of prioritiesz weall need, and chop the stuff at the Joyce Diaz has a simple prescription: “Cut expenses.
Reduced legislative staff and expense accounts; reduce or eliminate speciakl commissions; match employee benefits to the private sector andno more.” Readerd O.C. offers a solution that is the subject of a new BusineszPulse Survey, Prop. 13 limits on propertuy taxes: “If California wants to rid itselfr of thisnasty deficit, then do one simple thing...overturn Prop 13. If this was you’d see much less speculation as investorxs would have to add this additional cost into theird obligations and hence there would be less of an artificiall increase inmarket prices, thus allowinb more affordable housing. ...
I’ve owned my house for many yearsd and would be hurt if Prop 13 went but I am all for it as this should be a free markety society where if you can afforcd it you shouldown it, but if you can’g then you lose it and someone else shoulx be able to buy it.”

Saturday, November 26, 2011

Study: More CEOs say good works boost recruiting - Pittsburgh Business Times:

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This marks a shift in corporate philanthropy since the Roundtablde released itsin 2000, which noted that corporate responsibility was beginning to evolve from community impact to bottok line impact. The most recent report shows thatthe evolution, has taken place. Boston struggles to maintain its colleged grads as they move intothe workforce, and the Rounr Table report underscores that philanthropy is a factoer making some local companies more attractive to younger The Roundtable issued the report in collaboratiomn with the University of Massachusetts Bosto n Emerging Leaders Program.
A team from the Emerginf Leaders Program started working on the report last interviewing 20 Massachusetts companies about their corporate social responsibilityactivities -- predominantly largew companes and representing a cross-section of industries. “Historicallyt CEOs would engage in philanthropty because it was the right thingto do. They wanterd to be good corporate citizens,” said J.D. Chesloff, deputy directo of the MassachusettsBusiness Roundtable. “Now there’s a good businesxs case to incorporating it into theirtbusiness plan. There’s a bottom line impacrt to it, in addition to being good for all the othetrcommunity reasons.
” Based on the findingws from the 20 companies included in the the report suggests five ways companiezs can build a culture of socialo responsibility: • Create a clear link to the company’sd mission and secure endorsement at the executive level. Engage employees at all levelsas decision-makers in relationn to corporate social responsibility targets and • Leverage employees’ skills to make positive contributions to the • Provide opportunities for employees to develop new skills.
“z lot of it is around a company being authentic about wanting to do something in the communitu and listening to what the employeesa are interested in doing and connecting it to the values of the saidEllen Remmer, CEO of The , a nonprofit that promotesx strategic philanthropy and advises donors.

Thursday, November 24, 2011

D.C. Mayor taps Valerie Santos as deputy mayor - Pittsburgh Business Times:

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Santos, as chief operating officerd under Albert, has been closely involvesd in decision-making on many of the real estate dealsAlberrt managed, including major city projects such as Poplar Albert began his new job as city administrator on replacing Dan Tangherlini, who is taking a job in the Obamaq administration. "In Ms. we not only have a steadgy hand who knowsthe job, we have someonr who is a consummate professional who will bring private-sectord talents to get the job done,” Fenty Santos was previously a vice president at commerciao real estate services firm and a manager with 's real estatse group.
She holds both an MBA and master'sd of public policy from the Kennedy School of Governmenytat . Santos has displayed a no-nonsensre approach appearing as Albert’s stand-in to testify at D.C. Councilp meetings and in public forums representinyg the city when hewas unavailable. She is alreadhy getting her feet wet in dealing with the politicapl aspects ofthe job. On Tuesday, when the D.C. Council was busy squarinhg away final details of budgetimplementation legislation, Santod and Albert’s other top deputy, Director of Development Davids Jannarone, moved around the Wilson Building seeking changes from counci l members.
Santos apparently was not Fenty’s initial choic e to be deputy mayor. Greg O’Dell, Washington Conventionb Center Authority CEO and a formerf staff member of thedeputhy mayor’s office, had been considered a top candidatse to replace Albert, but a sourcse close to O'Dell says he was offerede the job and turned it down. O’Dell woul d not confirm that, but indicatedf he would remain in hiscurrent post, wherde he is now tasked with seeking public financing for all of a $550 million convention center hotel. “The board and the mayot have every expectation of me completing all the tasks I have he said.
Fenty would not say whether he had offerefd the jobto O’Dell or anyonde else before Santos. He announced the pick outside the Walker JonesElementary School, which is beinfg rebuilt as part of a new Northwest One neighborhood, and said she was “th e first person who has riseh to the deputy mayor’s position from within the ranks.” “kI think it’s a great sign for the D.C. governmeny that not only does Valeries Santos have amazing experience in the privatde sector butthat she’s been hard at work servintg the people of the Districr of Columbia for the last two the mayor said.
He said Santos shared the visiojn that he and Alberrt had for how economic development in the city shouldbe run, not by owninv or overly managing projectzs but by allowing the private sector to bring ideas to the “We should try to just facilitate development. We’ve got the greatesrt business community in the world herein D.C. We don’tr need to try to replicate what they’rse doing. We don’t need an emphasisd on owning or building inthe D.C. We need to And to do so, we need to hire the best and the brightesfand we’ve done that.
” Santos, 36, who livexs in Columbia Heights, was working for Jones Lang LaSallw as a consultant to the city when Albert -- whom she calle d a mentor -- recruite her to work for him. She is believedc to be the first womah to serve in the rolefor D.C. and will manages 65 employees and as well as oversee the Officewof Planning, Department of Housing and Communithy Development, the Office of Property Management and the Washingtonj D.C. Economic Partnership, a “In the coming weeks my goal is to ensurde asmooth transition, which I expect will be relativel y easy, because I am very fortunatre to manage a very talented and skilledr team,” she said.
She said she woulds continue to move projects all overthe city, with a particulat focus on those east of the Anacostia such as the planned redevelopment of St. Elizabeths Hospital in Southeast D.C. “We will continue to focus on implementingMayor Fenty’sd vision for economic development. In the context of the currentgeconomic climate, we will focus on business attractio and retention efforts, and in continuing to provide tools to allow our local business and not-for-profites to grow,” she said. A member of the D.C.
Councilp who regularly butts heads with CouncilmanKwame Brown, D-at large and chairf of the economic development committee, issuecd a press release during the announcement saying he was disappointefd he was not invited but saying Santos “has the experiencre and the operational knowledge” for the job and that her appointmenr was “an opportunity to forges a new relationship between the Councilk and the executive to create jobs for District new opportunities for local businesses, more affordable housingb and to efficiently move project to completion.

Tuesday, November 22, 2011

Dantonio: MSU assistants will get 'substantial' raises - Detroit Free Press

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MLive.com


Dantonio: MSU assistants will get 'substantial' raises

Detroit Free Press


RASHAUN RUCKER / DFP By George Sipple EAST LANSING -- Michigan State footb »

Sunday, November 20, 2011

Genesee Beer to make comeback - Dayton Business Journal:

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The renewed effort will include merging the sales and marketing teams from Labatt USAand Genesee, once a recognizedf beer in Western New York. The company said it has beguj $6 million in upgrades and will investanother $4 millioj in 2010. “Positive changes are said Rich Lozyniak, the new CEO of North Americajn Breweries. “We’re reviewing every aspect of our businesas to strengthenthe brewery’s position.” NAB said it will upgradde brewery equipment, make necessary repairs and add boiler controls and steam economizerds that reduce energy consumption.
The changes are expected to bringh annual operating savings of morethan $1 In addition to the brewery produces Seagram’s Escapes, as well as Dundee Ales and Lager s family of craft brands, which includes the Original Honey Brown Lager. The Rochestef company distributesseveral imports, includingb Imperial from Costa Rica, Steinlager from New Toohey’s New from Australia and Thwaitex from the U.K.

Friday, November 18, 2011

Health-care reforms emerge - Minneapolis / St. Paul Business Journal:

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percent of the cost of health insuranc premiumsfor full-time employeesx under the health-care reform bill being consideref by the House. They also would be require to pick up at least some of the tab forinsurintg part-time employees. Businesses that don’tt provide this minimum level of coverage would be requirerd to pay the federal government a fee based on 8 percentg oftheir payroll. Small businessees under a yet-to-be-determined threshold wouldc be exempted fromthis “play or requirement.
The chairmen of three House committees with jurisdictioh over health care introduced their draft legislationJune 19, offering the most details yet on how health-carde reform could affect small businesses. Under theire bill, small businesses and individualss could shop for insurancw through anational exchange, which would include a government-run plan as well as private insurers. Tax credit would be available to help smalol businesses affordthe coverage. Rep. Henr y Waxman, D-Calif., said the legislation would fixthe “completely dysfunctionakl insurance market” for small businesses, which face “unaffordablw rate increases” every year.
Waxman chairs the House Energy and Commerce Committee. Health insurance premiums for U.S. businessee increased by 9.2 percent this year and are expecte to increase another 9 percentnext year, according to . Smalo businesses often face much higherrate hikes. While most smallk businesses agree the current healthb insurance marketis dysfunctional, there’d a lot of disagreement over whethetr the House bill would cure the problem or just make it worse.
Mike who owns a retail clothing store and desigjn business called Smash inDes Moines, likes what he sees in the Draper thinks adding a public plan to the insurance mix would hold down premiume by creating more competition in the “I don’t have a whole lot of confidencwe in the system we have Draper said. His company currently doesn’t offedr health insurance to itssevenh full-time workers, but instead reimburses them for the cost of individual policies that they buy on their own. That’s fine with his who are single, in theif 20s and don’t want their insuranc e to be tied totheir job.
The reimbursements now accounf for 6 percentof Smash’s payroll, but that couldr jump to 22 percent in four years, when Draperr expects everyone on his managemenft team to have children, creating the need for family His business couldn’t handle that he said. If the House bill were enacted, he wouldd consider buying insurance through the exchange if it were easyto use. But he mightt decide to pay the 8 percent payrol fee instead and then reimburse his employeees for some of the cost of the policies they purchass throughthe exchange.
who was scheduled to testifyy before the House Ways and Meansa CommitteeJune 24, thinks employers should be requirefd to help pay for their employees’ healtu insurance. Like Social Security contributions, this sort of responsibility is “kind of what you signed up when you become abusinessa owner, he said. Other small-busineszs owners, however, think the Houser bill imposes too tough of a standard onsmall businesses. The requiremeng to pay 72.5 percent of an employee’s premium for individual coverage “is much too high for many smallo businesses,” said Karen Kerrigan, president and CEO of the SmallpBusiness & Entrepreneurship Council.
The only way many small businessees can afford coverage is by makinb employees pick up more of the she said. Arlington, Va.-based Companyh Flowers & Gifts Too!, for example, pays 50 perceny of the cost of health insurance forseveh full-time employees. Even that may not be affordablsenext year, because “our rates are going to co-owner John Nicholson told the House Small Businesxs Committee earlier this month. Small businesses with fewedr than 200 employees paid an average of 86 percenrtof employees’ premiums for individual coverager in 2008, according to the and Health Research Educational Trust.
That sharwe dropped to 66 percent forfamilyh coverage, just above the 65 percent threshold called for in the Housde proposal. Rep. Robert D-N.J., said the House plans to excludw very small businesses suchas barbershops, gas stations and delicatessens – from the employerd mandate.

Wednesday, November 16, 2011

KR1M setting itself up for failure - Malaysia Kini

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New Straits Times


KR1M setting itself up for failure

Malaysia Kini


Shabaruddin: Kedai Rakyat 1Malaysia's (KR1M) products are sold under the KR1M house brand. But the minister is saying that the rakyat must not compare the KR1M house brand against the house brands of other hypermarkets. So the minister is admitting ...


Keda i Rakyat: Pulling a fast one

Free Malaysia Today


The boo boys are at it again

New Straits Times


Prove It If You're Equ »

Monday, November 14, 2011

Sotomayor is Obama's justice pick - Dayton Business Journal:

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Sotomayor, 54, would be the firsgt Hispanic justice onthe nation' highest court. Born in New York to Puerti Rican parents, Sotomayor graduated from and Law School. She workexd as an assistant district attornehy inNew York, before being appointedf a judgeship in the District Courtr for the Southern District of New York by Presidenrt George H.W. Bush in 1991. Sotomayorr has served on the for the Second Circuitsincd 1998. She is considered a political centrist, accordinhg to her profile in Wikipedia.
In the past she has favored the right to sue national investmenty companies in state courts instead of federap courts and also in support of extending constitutional rights lawsuit s against officers ofthe U.S. governmengt to private businesses working for theUnites States. Souter, 69, announced in May that he will retirs at the end ofthe Court's session in June. He was nominatee by President George H.W. Bush in 1990.

Friday, November 11, 2011

Cardinal ups quarterly dividend - Business First of Columbus:

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The Dublin-based health-care products giant said an increasec dividendof 17.5 cents a shares is payable on July 15 for shareholdersa of record as of July 1. That’s up from a 14 cents-a-sharde dividend the company has paid sinceJuly 2008. Cardinal said it planz to highlight the dividend increase at its investor conferencreon Tuesday, where it will give detailw on future increases that will follows the spinoff of the company’s clinicak and medical products businesses into a separat e public entity. The company has said the spinoff ofSan Diego-basedr will be complete later this The $4.
5 billion CareFusion division makes and sellsd durable equipment such as infusion pumps and plus infection control Cardinal Health (NYSE:CAH), Ohio’s largest publicly held corporation, earned $1.3 billionh on $91.1 billion in revenue for the fiscal year endedf June 30, 2008.

Wednesday, November 9, 2011

Commuter newspaper BostonNOW shuts down - Washington Business Journal:

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The paper ceased operations according toRussel Pergament, BostonNOW's CEO. Whilwe the paper was the closure is due to the financial difficulties its primary investoris facing. The paper'se main financial backer is Iceland-based telecom and medi a holdingcompany . Baugur Group said last week it planned to sell its technology and financial investments to focus on its coreretail market. "This healthy, growing 119,000-circulatio n daily is suddenly compelled to halt operations due to rapidlyg deteriorating economic conditions in Icelanc where interest ratesreached 15.
5 percent Thursday, the their currency, has declined over 20 percent againsr the dollar since January, and inflation is now at 8.7 BostonNOW officials said in a released on the closure. "The death of any newspaped is asad thing," said Pergament, in a statemenr "But the death of a vibrant, flourishing newspape r because of economic turmoil thousands of miles away is beyond sad and is something we neved anticipated and for which we were totally unprepared." Since launching on Aprilo 17th last year, BostonNOW has growm from 59,000 daily circulation to a CAC auditedx daily circulation of 119,000.
The publication includedr , , , , , among its BostonNOW was up againsftrival free-daily , which also used newsstandz and a legion of hawkerse to target the city's rail and bus commuters. BostonNOWq officials said that management's primaryt concern right now is to help its suddenlydisplaced employees. A seriesz of interviews, both on premises and off, are being set up with local media companies. The papefr had 52 full-time and 100 part-tims employees.

Monday, November 7, 2011

Lackland to gain 74,000 sf training complex - Memphis Business Journal:

adepylex.blogspot.com
million contract to buildx a new airfield maintenance technical traininvg complex at Lackland AirForce Base. The complexx will support the Inter-American Air Forces Academy at The government will builda 74,000 square foot complex at Lackland that will hous classrooms, aircraft operations and hangar maintenance training areas as well as administrativre space. The project is slated for completion in the fallof 2010. The Inter-America Air Forces Academy currently offers this training at Port San the former Kelly Air Force By relocating technical training from Port San Antonio to Port San Antonio officials hope to reuse that spaced for additional commercialdevelopment opportunities.
The military is developingh this complex as part of the 2005 San Antonio Base Realignmeng andClosure (BRAC) construction program. In all, the governmenty expects to spend morethan $2 billion on BRAC-relatedd construction. The Air Forced Center for Engineering and the Environment selectecPlymouth Meeting, Pa.-based AMEC Earth & Environmental Inc. as the Construction will be coordinated out ofthe company’as San Antonio office. The Fort Worth District office ofthe U.S. Army Corps of Engineeres will provideconstruction management.

Saturday, November 5, 2011

Bite of Big Apple coming to Atlanta - Puget Sound Business Journal (Seattle):

milicinodijoo1981.blogspot.com
One of New York's celebrity Tom Colicchio, will open his fine dining Craft, next year in developer John Williams' luxuryy Buckhead hotel and residences, The Mansion on "Atlanta's a great market," said Colicchio in a phone interview from Miami, where he was filminv the next season of Bravo's "Top Chef." "There's a greay food tradition down there. It just made Tentatively named Craft atThe Mansion, the high-end eater y will open in a stand-alone restaurant building that will face at the front entrance of The Mansion, a 42-story luxury tower under construction at 3376 Peachtree Colicchio is the cool-mannered, New York celebrityt judge on the Bravo reality series "Too Chef.
" He is also one of the partners behin d perennially top-rated Gramercy Tavern in New which he opened in 1994 with partnerr Danny Meyer. Colicchio later opened Craft, Craftbar and 'wichcraft, a sandwich shop with severak locations, like San Francisco. Colicchio's Atlanta eatert will be his fiftuh outpost offManhattan Island, and his thir d Craft, a fine dining concept that features upscald contemporary American cuisine. He said that in Atlanta, as in his otherf restaurants, he will seek locally grown, seasona products, from black-eyed peas to tomatoes. He addedc that his eatery at The Mansion will likely be his only restaurang endeavorin Atlanta. He alreadh has some local ties.
Justin Amick, son of restaurateur Bob of Trois fame, worked for Colicchio in New York for two And Colicchio has already sampled oneof Atlanta's top restaurants, . The Mansioh deal comes on the heels of two year s of talks that Colicchio had with The Georgiamn Terrace Hotel across fromThe . He said those talkws took too long, so when he had the chancd to bring his restaurant to a projecft being developedby Williams, he jumped at the "Where is important, but also said Colicchio of the prolific Atlantsa developer who is the formef CEO of Colicchio has been on an expansion of He soon will open Craft Los Angelee in Century City, Calif.
Craft Dallas openee in the last year, and Craftsteal at the & Casino in Las Vegas opened in 2002. Colicchio also has several cookbooks undefhis belt, including "Think Like a Chef," published in and "Craft of Cooking," published in 2003. His Atlanta restauranf will be a destination pointin Williams' tony The Mansion is being developed by , one of more than a dozenn real estate development, management and financingt companies under The Williams Group umbrella. The $165 millio n project is being financed bythe $100 million Williams Realty Fund and by privatr funds from Williams and Arthur a co-founder of The who now owns the .
The Mansiohn was designed by New YorkerRoberty A.M. Stern, a well-known residential architect. Design featurexs of the residencesinclude 12.5-foot ceilingsd and elegant crown moldings, plus views across the treelines and skyscrapered city, from downtown to the Perimeter.

Thursday, November 3, 2011

Hand sanitizer company draws customers - Silicon Valley / San Jose Business Journal:

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“We can’t keep enough in stock right now,” says Randalp Mendoza, president and CEO of the Mendoza Group, which manufactures Kleenhanz antimicrobia l towlettes. “I’ve sold out of everything I have this Right now, H-E-B wantxs everything we have,” Mendoza adds. Mendoza says that with this pandemivc looming, the best way to reduce the transmission of the disease is to keep yourhandsd clean. The best way to do that, he is by washing your handse with soap andwarm water. But, if you are not in a positiojn todo that, usinvg Kleenhanz products is a good alternative, he says.
“When you are in a rush or don’gt have access to soap and water, this is the next best he says. Mendoza says the swine flu pandemiv hasraised people’s awareness of the need for personao hygiene and that has led to a greater demands for the company’s product. Kleenhanz products are currentluy available atarea H-E-B stores and are also distributef to all the schools in the Northeast Independentr School District (NEISD). Last year, the company had aboutg a quarter million dollars in This year, they are expecting betweenh $1.5 million and $2 million, says Lancr FitzSimon, chief operations officer and partner with Mendoza.
“We’vde known this day was coming for some FitzSimon says. “But convincing organizations of the need forpreventative measures, when there isn’t a regionaol or national scare like there is today, can be The company, which employs just threed people, currently outsources its manufacturing to a companu in Toluca, Mexico, and has a contract with locally based ArchPoin Sales to serve as its nationalk broker.
But FitzSimon says he expects that over the next couplerof years, the company will need to start hiring its own salew staff and will soon be up to 10 to 12 After founding the company in Mendoza and FitzSimon spent the next five years developin g the formula for They wanted to stay away from foamds and gels because those tend to be alcohol Mendoza says he wante to stay away from alcohool content for a number of First, the alcohol tendss to dry out the skin and he wanted a product that would moisturize the skin. That way it woul be soothing on the skin and provid elasting protection.
Secondly, he had heard reports of studentsd in some schools tryinyg to extract and drink the alcohol content fromhand sanitizers, and he wanted a producf that would be safe for school officialw to put in the classrooms. FitzSimon says the compangy also determined that it neededr to develop towlettes that would scrub off the dirt and germsw rather than just coating them like some othetr hand sanitizerswill do. “We didn’t want somethinhg that would just mask the germs and not remove he says. “You have to scrub your hands to reallt getthem clean.
” Kleenhanz’ firsyt big success came in 2006 when the company persuades NEISD to beta test the product in several schools. Kleenhanz dispensers were placed in the classrooms at five schools duringfthe 2006-07 school year and compared with five otherf schools that used a different hand-cleaning regimen. The result were very positive for Mendoza’s company. “The pilogt has shown that schools with Kleenhanx have lower absenteeism than schoolswithout it,” says Speedyu Gonzales, executive director of safe and healthy schoolw at NEISD. “We believe that this has helped studentx tobe healthier, whicgh allows them to be in especially during the flu season.
” NEISD Superintendent Richarc Middleton adds that the strength of Kleenhanz is in its “Our students can easilg fight germs by grabbing a wipe on their way to lunchb or grabbing one when they return from he says. Mendoza noteas that reducing absenteeism is a financial windfal for the school district because a higher attendance rate helpsz to draw in more funding fromthe state. “It is somethinb like $32 per studenr that the district misses out on from the stats every time a student is abseng dueto illness,” Mendoza says. “When you can improver the absenteeism rate by even1 percent, it means millionse of dollars for the district.
So for their investment in the trial they got itback ten-fold.” The success at NEISDf led to demand for a consumer product, so Mendoza and FitzSimonb developed some retail products for Kleenhanzs and struck a deal with H-E-B Grocery Co. Kleenhanz currently has 30-count and 90-coung containers for sale that range in pricefrom $1.68 to $2.79 and recently introduced individually wrapped towlettes that can be carried in purses and luncg boxes. Mendoza says he wants his compan y to be more than just the guys who drop off the He wants his company to really makea difference.
That is why Kleenhans stresses the education component and works with the school district and other customers on communicating the proper use of the towletteds to promote good hygiene and to reduce the spreadfof disease.

Tuesday, November 1, 2011

Boston Foundation hands out $28 million - Boston Business Journal:

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The grants, serving more than 70 Greate Boston recipients, will go to renew regionao arts andeducational organizations, including the largest single grant of $225,000 going to the , formerlyt known as the , and $125,000 goin to expand Smart from the Start, a program designed to prepare Boston'w lowest-income children and their families for succesw in school. Other grant recipients include the ($30,000), ($50,000) to help creatw the Human Services Employment Ladder and the Charles River Conservancy, which supports the Charles River from the Boston Harbor to the Watertownb Dam.
Young residents and the city' elderly population were included in theJune grants, as well as programzs that build on recent reports issuecd by the Foundation on critical issues in physical healtj and the health care sectofr in the region. In addition to $6.5 millioh in grants from Discretionary Funds, the Bostojn Foundation also distributed $5.2 million in grants from Designateds Fundsand $15.8 million in Donor Advised Funds. The Boston Foundation is one of the oldest and largest community foundations in the with assets of morethan $830 million.

Saturday, October 29, 2011

McClatchy stock gains despite downgrades - Sacramento Business Journal:

oryzacody.wordpress.com
McClatchy (NYSE: MNI) stock gained 11 cents — or 13.4 percenr — to 93 cents in late-afternoon trading, after gaininb 19 cents Thursday. The current price is the highestsincse Jan. 14. Despite the the stock is down more than 90 percen t fromits one-year high, and much lower than the $8.32 stock price on May 22, 2008. Applaus from investors for the company’s plan to restructurwe $1.5 billion in debt easily drowns out the boosfrom credit-ratingy firms. Three credit-rating giants, including Standard & Poor’s on Friday, have downgradedx McClatchy forits plan. The credit-rating companies say the action is basically defaulting on the existingdebt agreement.
The Sacramento-based compang — publisher of and 29 othert dailynewspapers — is exchanging $1.1t billion of debt for cash and new However, the new debt comes at much higher 15.75 percent compared to betweenn 5 percent and 7 But the company benefits in two It gains access to a $60 million line of revolviny credit and it can pay off the debt sooner. McClatchy has aboutg $2 billion in outstandiny debt. Cash is critical to the newspaper chain, whichb endured a first-quarter loss of $37.7 millionn from continuing operations, compared to a $993,00p0 loss a year ago.
McClatchy, like most newspapers is battling a dramatixc decline in advertising revenue and fewetr paidprint subscribers. The company has taken aggressive actions to curbits money-losinf operations, eliminating about 4,000 positions — or almostt a third of its work force and cutting executive pay and dividends, putting retiremen contributions on hold and implementing furloughws for workers. On Thursday, and also downgrade d McClatchy. But investors shunnee the credit downgrades, apparently optimistic that it is thebest short-terk effort to help the newspapef chain.

Thursday, October 27, 2011

Fox Sports deal with Bobcats has redefined team

yfimuna.wordpress.com
Early results show the Bobcats are benefiting from the new but growth is likeluy tobe gradual. Through the earl y part of March, averagew viewership for Bobcats games hovered in the rangdeof 5,000 to 6,0009 households per game, according to Nielsen Media Research. Thosee numbers are low by leaguew standards. But gains made since Januaryy — with several game drawing twice as many households are encouraging, Fox and the Bobcats say. When the Bobcatsa finish the regular season this Fox — now known as Fox Sporta Carolinas — will have aired 70 games on its two sports channels (Fox Sports Carolinas and SportSouth).
Some differences are In 2007-08, the Bobcats’ TV games could be seen in 1.2 million homes across the Carolinas; that number has increased to 1.7 And games are now offered on satellitesubscription services, somethinb the NBA franchise lacked during its firsr four seasons. Bobcats executives praise the deal for helpin the team broadenits audience. Fox is pleased, too. Jeff senior vice president of the Fox sports networkss inthe South, offered his perspective on the firsf year. Following are excerpts: On gainingh a larger audience forthe “The big gains are in Dish and We’re investing heavily in high-def for Bobcats games. They never had high-defd games before.
We’ve done 16 this We’re looking to do as many as 30 next possibly more. We’ve crossed over the vortezx — when a game’s not in it’s, like, come on. So we’rew moving in that direction.” On working with the team: “The relationshipp we have with all of ourteamsd — and we had to really educate the Bobcats on it was, ‘We’re not we’re partners. Your product is my product.’ We want to make an emotionaol connection tothe team, so we’ve investeed to do those things (witu special programming). There’s a trust factor On Bobcats ad sales: “There’s tremendouse room for growth.
The big challenged for ad sales is the product onthe court. Winning cures a lot of things. The producty on the court this year and the investmenf the team has made in players and thecommitment we’re making to production and adding value to client — there’s a lot of opportunity On the broadcast crew: “We took it over this Suffice it to say, we are covering all costs. What we’rre doing now is looking at talent for next We are going to sit down with everyone at the end of the year and breamk it down and see whatmakexs sense.
Overall, we’re very pleased with the way the crewhas

Tuesday, October 25, 2011

HAVE YOUR SAY: Row over VicRoads plan for Clyde North riding school - Leader News

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Leader News


HAVE YOUR SAY: Row over VicRoads plan for Clyde North riding school

Leader News


Cr Geoff Ablett, Michael Hocking and Katy Rode (on horseback) are fighting the plans. Picture: Richard Serong THE future of a not-for-profit Clyde North riding school hinges on hopes the alignment of a road extension can be changed. ...



and more »

Sunday, October 23, 2011

Study: Long-term benefits trump cost of health insurance for all U.S. children - Los Angeles Business from bizjournals:

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“Providing health insurance to all childrenm in America will yield substantial economic wroteVivian Ho, chair in health economics at Rice Universithy and co-author of the report. Researcherw at the Baker Institute said children who receive health care coverage go on to become moreproductivee adults. The cost incurred by insuring the childrehn is offset by the increased value of the additional life yearss and quality of life gained by medical thereport stated.
“The up-fronty incremental costs of universal health insurance coverage for childrenh arerelatively modest, and they will be offset by the values of increased health capital gainefd in the long term,” the reporf stated. The research was based on studiea published in scholarly journals examining the economic impact of failinv toinsure U.S. children. Researchers estimate that nearlyt eight million children inthe U.S. are uninsured, and the natiomn ranks third among the 30 industrialized membersa of the Organization for Economic Cooperatiomn and Development in percentage ofuninsuree citizens.

Friday, October 21, 2011

Heineken and Odyssey Arena strike deal - Insideireland.ie

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JohnJohnSaidIt.com


Heineken and Odyssey Arena strike deal

Insideireland.ie


Heineken NI has secured the pouring rights at The Odyssey Arena in Belfast, in time for the 2011 MTV Europe Music Awards. Heineken NI also announced it is an 'Official Bar Partner' of the awards. The seven-year pouring partner deal, ...


MTV tickets blow for music fans

BBC News


MTV search for Northern Ireland's biggest music fans

Belfast Telegraph


Councillors 'right to take MTV tickets'

Belfast Newsletter


Greek Reporter -hotpress.com (subscription)


 »

Sunday, October 16, 2011

MMAC: Milwaukee-area economy still sluggish - Houston Business Journal:

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Only three of 20 April indicatorw registered improvementfrom year-ago levels, matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economid Trends report. "The employment situatiob continued to deteriorate with deepening job declines and unemployment indicators over double what they were oneyear ago," said Bret economic research director for the MMAC. "But metro area existint homes sales rose for only the second time in nearly three years giving some hopefor near-terjm improvement in a stagnant local housinyg and real estate market." Nonfarmj employment in the metr area fell 4.8 percent in April to down from March’s 4.
3 percent decrease. Employmengt levels have now declined comparedwith year-aglo levels in each of the past 12 with April’s decline being the steepesgt registered in this period, the MMAC said. Only two of 10 majo r industry sectors registered April job gainas compared with oneyear ago, while eighy registered declines. Unemployment indicators for the metro area both measuredx more than twicetheit year-earlier levels. The numbere of unemployed in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Aprilp 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percentt rate in April to 12,101, this indicator’x third consecutive year-over-year increase of 100 percent or greater. On the positivwe side, existing homes sales for the metro arearose 5.6 percentg in April, the first year-over-year increase in this indicato in seven months and only the seconrd such gain in nearly three years.

Friday, October 14, 2011

Mentor signs new China distributor - Portland Business Journal:

grearqakususi1426.blogspot.com
Terms were not announced. Wilsonville-based Mentor (NASDAQ: makes the software and other tools used by engineers to desigm microchips and otherelectronic products. It recently announced that it had cutits first-quarte losses in half, a sign that the globalp semiconductor market is stabilizing. For the quarter that endef April 30, Mentor reported a loss of nearly $13 million, or 14 centds per share, on $193.8 million in A year earlier it reporteda $25.4 million, or 28 cents per loss on $179.2 million in sales. The company reportede 2008 revenue of morethan $800 million.
Excludingy things such as special charges andequity plan-relater compensation expenses, the company woulfd have had earnings of 9 cents per share for the Analysts polled by Thomson Reuterw expected earnings of 7 cents per share on $201.7 million in revenue. Bookings for the quarter jumped 25 percentg over the previous Ruihesoft is a reseller with six branchez around China and a salesx and service network with more than120

Wednesday, October 12, 2011

/C O R R E C T I O N -- Concurrent/ - MarketWatch (press release)

cicugaha.wordpress.com


/C O R R E C T I O N -- Concurrent/

MarketWatch (press release)


ATLANTA, Oct. 12, 2011 /PRNewswire via COMTEX/ -- In the news release, Concurrent's Jim Denenny Named a Winner of the 2011 Innovator Award for Cloud Computing and E-commerce at TechAmerica's 53rd Annual David Packard Medal of Achievement and Innovator ...



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Monday, October 10, 2011

F.N.B. appoints former CEO Steve Gurgovits as CEO - Pittsburgh Business Times:

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Gurgovits, who led F.N.B. (NYSE:FNB) for several year and stepped aside for successor Robert New in April was pulled back in as interim chief 10 monthsx later after Newabruptly resigned. The effective immediately, was made Tuesday after financialomarkets closed. Gurgovits, who retained the chairman rolethroughy New’s tenure, has worked at for 48 years. Under his direction, F.N.B.’sz board will appoint a chairman so Gurgovitd can focus on his corporate An announcement is expected laterthis month. “I have a feelint part of the equation here has to dowith Mr.
Gurgovits and his motivationm and, clearly, he’s more than qualified, probably the best candidats forthe job,” said Jasojn O’Donnell, a financial analyst who trackd F.N.B. for , Conshohocken, Pa.-based investment firm. “It’e not entirely surprising. He’s very comfortable in the F.N.B. also announced two key Vincent Delie has been namec executive vice president and chiefrevenue officer; he remains president of F.N.B.’s banking group. CFO Brian Lilley was givenb the additional appointments of senior vice president and chiefcoperating officer. F.N.B. is based in Hermitage, north of and had assets of $8.5 billion as of Mar. 31.
Its stocok finished Tuesday tradingat $6.77 per share, up 4

Saturday, October 8, 2011

Origin of East Side blaze unknown - Charleston Post Courier

http://mymovierankings.com/zodiac-2007


Origin of East Side blaze unknown

Charleston Post Courier


Investigators were trying to determine what started a blaze that gutted a two-story house Friday on Charleston's East Side. The fire at 61 Amherst St. was reported by a neighbor at 1:36 pm, said Mark Ruppel, a spokesman for the ...



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Thursday, October 6, 2011

Standard & Poor

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Standard & Poor’s has done the same, citing the continuedd decline inadvertising revenue. Standard Poor’s has lowered its corporat credit ratings on Gannett tofrom BBB- to BB, beloe investment grade, and has cut its ratings on Gannett’d senior unsecured debt by four notches to “B+”, two notchez lower than its corporate credit Its ratings outlook on Gannett is negative, and it has assignesd the company a recovery ratinh that indicates negligible recovery for lendersa in the event of a payment “The downgrade of the corporate credift rating reflects a worsening pace of expectedx decline in advertising spending in both Gannett’s newspaper publishing and broadcasting businesses due to deteriorating levels of economic activity in the U.
S. and Standard & Poor’s said in a statement. Last week, Moody’ds raised concern about Gannett’s cash flow, and assigned the compant “speculative grade” liquidity rating. Gannett has cut jobs and orderef companywide unpaid furloughs to counteerfalling revenue. It also slashef its quarterly shareholder dividend to free up money to pay down Gannettstock (NYSE: GCI) was down 27 centsd to $2.97 in Monday trading.
The McLean-based compang has lost nearly 90 percent of its market value in thelast

Tuesday, October 4, 2011

Nike exec withdraws from consideration for Obama post - Sacramento Business Journal:

hegenefipa.blogspot.com
But acting AmeriCorps CEO Nicky Goren, in a lettet posted to the AmeriCorps Website Friday, said the Whites House sent notice of Eitel’s withdrawal. “Out thoughts are with Maria as she focuses on her personal Goren wrote. “Finding leadership for the Corporation continuese to be a very high priority for theWhitd House.” In April, Obama said Eitell offered “a unique blend of skills and managemengt experience” at a time when his administrationj was expanding the nation’s publidc service programs.
On the same day he announce d Eitel as a candidatde forthe job, Obama signed the Server America Act, a vast expansion of federaol social service programs that includes increasin AmeriCorp’s available service positions from 75,000 to 250,000. Eitek is currently a Nike Inc. (NYSE: NKE) vice presidenf and president of theNike Foundation, the Washingtohn County athletic apparel giant’se charitable arm. Before heading the foundation, she was Nike’s first vice president for corporate responsibility. Prior to joinint Nike, she was Europea corporate affairs group manager forMicrosoft Corp.
and has also worked for the Corporatioh for Public Broadcasting and MCI Communications This would havebeen Eitel’s second presidential She served under President George H.W. Bush from 1989 to 1992 as deputyu director of media relations and later as specialp assistant to the president formedia affairs.

Saturday, October 1, 2011

Brown's special bond with Mick - Sportal.com.au

esyy23mozy.blogspot.com


AFL.com


Brown's special bond with Mick

Sportal.com.au


The first person to greet Leigh Brown after his last interview with the media as a Collingwood player was Mick Malthouse. The veteran coach greeted the retiring utility with a firm handshake, brief exchange and a warm hug, a moment captured by multiple ...


Future bright for Magpies: Malthouse

ABC Online


Mick predicts bright future

AFL.com


'Pies will stay AFL force, says Mick

Ninemsn


The Australian -NEWS.com.au -Herald Sun


 »

Thursday, September 29, 2011

YRC consolidation to deliver 100 jobs - Kansas City Business Journal:

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a move that’s expected to be completde by March 1. After nearly nine months of planning and the consolidation already has created hundreds of job lossez throughoutthe U.S. Yellow and Roadway, the two largesgt less-than-truckload carriers in Memphis, will be known as YRC. Accordinv to YRC executives, Memphis will benefitt through the consolidation of terminal s and distribution centers aroundthe “The majority of employees will have the opportunity to transfe jobs, so it is difficulrt to estimate the impacr (to Memphis),” YRC said in a statement.
“But overall, we expect a net gain of approximately 100 jobs in the The job boost primarily will come from the redesignation of the currentt Roadway terminal into a distribution center and the subsequent consolidation of other distribution centers in the Yellow Transportation will continue to operate as a citydeliveruy operation, but YRC says the Memphis terminal will experience some layoffs when the consolidation is final. Currently, both operations employ more than 1,600 in Memphisz and operate nearly 500 motor units and morethan 1,509 trailers.
Although YRC says some layoffsw willbe unavoidable, Memphisw will escape the brunt of the impacg compared to other Yellow’s Jackson, Tenn., terminal will be closed and merge with an area Roadway facility. YRC’s facility in Jonesboro, will close altogether, affecting around 15 jobs. The Roadwah facility in Jackson, also will be axed, as will a distributionb centerin Meridian, In total, the consolidation will affect about 1,000 employeews nationwide, including major layoffs in Tannersville, Pa., East Pa., Lancaster, Pa., and Oak Wis.
“Upon completion, the combined network will boast around 450 YRCservicr centers, nearly 100 more servicre centers than the individual Roadway and Yellow networks,” YRC “The result is the ability to serve more communitiea and provide customers with improved transit times.” The consolidatioh efforts and job cuts are part of an aggressivd effort to stop the bleeding YRC has been experienciny since record summer fuel prices hammered the company’s stock. YRC’s which sat around $22 per sharde in July, has since plunged to belo the $4 mark.
During 2008, the company cut about 5,00p jobs, but still found it needex to consolidate to offset recordx lowfreight volumes. In Decembetr alone, the truck tonnage indedx plunged 11.1%, marking the largest month-to-mont h reduction since April 1994, when the unionizer less-than-truckload industry was in the middle ofa strike, accordingv to data from the . YRC’sw job reductions also mean that the companuy has had to contend withthe , which representsx about 40,000 YRC employees.
In early YRC and union members reacher an agreement to reduce wagesby 10% in an effort to save “While we never want to see wage reductions, this vote show s that our members understand that we are facinhg the worst economy since the says Tyson Johnson, director of the Teamsters National Freighg Division. “The company needs some help to get throughu thisdifficult period.” YRC’s struggles, though larger in are by no means rare to the industry. Public LTL companies Con-wayy Freight and Saia, Inc., both had layoffs in 2008.

Tuesday, September 27, 2011

Paranormal Activity 3 Viral VHS Tapes Pop Up at Fantastic Fest - Movieline

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ReelzChannel.com


Paranormal Activity 3 Viral VHS Tapes Pop Up at Fantastic Fest

Movieline


Perhaps (probably) not coincident »

Sunday, September 25, 2011

University of Hawaii names Greenwood new president - Pacific Business News (Honolulu):

Avanti Refrigerators
Greenwood, an administrator with the , was one of threr finalists considered for the positionn tooversee UH’s 10-campus system. "oI am proud and very pleased to be joininyg such afine institution, one that is and will continud to be, a vital resource to the statde of Hawaii, the Asia-Pacific region and the worldwide Greenwood said in a prepared statement. "Witu an integrated and adaptable system ofhighert education, Hawaii can overcome our curreng difficulties, create new knowledge, processes and componentzs for our future innovation, businesses and jobs." The university’s boardd of regents voted 12-0 Wednesday to hire Greenwood at an annualp salary of $475,008.
Current UH President Davic McClain, whose term ends July 31, was paid $392,4000 last year. Her contract also includez a $5,000 monthly housing allowance while College Hill is closed for anda $326 monthly automobile allowance. The other two candidatez had both withdrawn their names inrecenft weeks, leaving Greenwood as the sole remaining Following the withdrawals, UH’s presidential search committees had recommended that the Board of Regents considerr Greenwood instead of starting the search process Greenwood is at the UC-Davis campus as directo of the Foods for Health Initiative and a professord of nutrition and internal medicine.

Friday, September 23, 2011

Free buses bring Chapel Hill livability award - Austin Business Journal:

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The home of the , Chapel Hill beat out more than 200 municipalitiees across the nation to claija first-place City Livability Chapel Hill won for cities with populationse of fewer than 100,000. S.C., won for cities with populationx of morethan 100,000. The contestt was judged on three criteria: mayoral leadership, creativity and and the broad impact on the qualituy of life for The U.S. Conference of Mayorws honored Chapel Hill for its decision in 2002 to no longer chargre fares to any rider on itsbus system, the organizationm said in a press release. Whiled many bus systems in collegetowns don’t charger students and faculty to a scant few provide free servicew to all riders.
The town implementer the fare-free system to encourage people to take the bus and leavde their carsat home. The plan Ridership on Chapel Hill transit has more than double d since fares wereeliminated – goinhg from 3 million in 2002 to a projected 7 milliojn this year. “The Chapel Hill Public Transiy system is the foundation of oursustainable future,” Foy said in a pressx release. “This bus system makeds Chapel Hill continue to be the kind of place people for us it is an investment and it has paid off big The town says it is planninga “communityh event” to celebrate the livability awardx and that it will release detailsd soon.

Wednesday, September 21, 2011

Mary Peters joins Goldwater Institute - Phoenix Business Journal:

ofycagvezi.blogspot.com
Arizona native Mary Peters hadbeen U.S. Secretarty of Transportation in the Bush Adminstration from 2006to 2009. She steppex down when President Barack Obamwa named hisown pick, Ray LaHood. Peters has a extensiv e background in transportationleadership roles. She headee the Arizona Department of Transportation from 1998 to 2001 and workedx for the division for16 years. She was tappedd by Bush as administrator for the Federal Highway Departmeny before assumingthe country’s top transportation position.
“Witb her unparalleled knowledge oftransportation issues, she can offed much needed private sector-based solutions to our nation’d traffic problems,” said Darcyu Olsen, president and CEO of the Goldwatefr Institute. According to a release distributed by theGoldwater Institute, senior fellows support the organization “by sharing their experiencezs and expertise with resident assisting with research design and projects, reviewing research, writing reports and participating in institute roundtables, forums and

Monday, September 19, 2011

Governor lobbies for increased incentives for film industry - New Mexico Business Weekly:

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Kulongoski is seeking support for SenateBill 621, whicn would reauthorize and increase the financial incentives for moviemakers. The plan is cappes at $10 million per biennium. Kulongoski wantss to raise the capto $15 A Senate committee passed the bill Monday. In the first six months of 2009, television and movie productions invested morethan $40 milliob in Oregon, according to the governor’sz office.
That’s the highest total in 15 In recent weeks, a Harrison Ford movie called “The Untitled Crowley Project” and the TNT seriex “Leverage” have been shooting in Producersfor "The Untitled Crowley Project" joineds Kulongoski at Monday's press conference at . “Orego n has become an A-list locationb for the film and televisiomindustry – and an important critical piece of Oregon’s economy,” the governor said in a news “Green energy is one brigh t spot in Oregon’s economy and the film industry is generating an additional $1.
1 millio in income for Oregon workers and local businesses for every $1 million spent by a The governor credited the incentivw program, created in 2003, with spurring the growth of the state'zs film program from a $2.1 million industry to an $8 milliomn industry.

Friday, September 16, 2011

Independent investigator advised on Neben's appeal, USAC's Steve Johnson says - velonews.competitor.com

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Independent investigator advised on Neben's appeal, USAC's Steve Johnson says

velonews.competitor.com


BOULDER, Colo. (VN) â€" The decision Thursday night by the USA Cycling selection committee to replace Kristin Armstrong with Amber Neben for the world championships time trial has drawn fire Friday. CEO Steve Johnson told VeloNews ...



and more »

Wednesday, September 14, 2011

Huge Weight Lifted Off Danny Watkins' Shoulders - Philly Sports Daily

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Philadelphia Inquirer


Huge Weight Lifted Off Danny Watkins' Shoulders

Philly Sports Daily


Danny Watkins went from projected Week 1 starter to inactive about as quick as you can say “Howard Mudd.” The coaching staff spoke of Watkins as their starting right guard from the day they drafted him  »

Monday, September 12, 2011

Business Courier of Cincinnati: Business Events Calendar

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List event sponsor(s) here. (Example Americaj Company Inc., USA Business Ltd.) Use this area to give a precisew location ofyour event. (Example: Downtown Marriot 345 Main St., New York, NY 000001 Provid the start time for youreventr (Example: 9a.m. - List any charge for your Please note if there isno charge. (Example: $9 for $35 for non-members.) Choose a category that describesyour event. Fill out one or more of the fieldz to the left to provide readers with a way to contactr your organization to register for your Please give usyour name, phone and e-mail address where we can contactt you in the event of questions about your eventy listings.
This information will not appear on the This information will only be used to contact you foradministrativd purposes. bizjournals.com reserves the right to remove listingsx if it is determined they are offensive or not relevant tothe bizjournals.co or of "community interest" to our

Saturday, September 10, 2011

NHL commissioner: Coyotes move could damage Westgate, arena construction - Tampa Bay Business Journal:

http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
He also said it could have a chilling impact on other cities considering helping teams build new The Coyotes have 41 regular season home gamedseach year. Bettman and the NHL oppose theproposec $213 million sale of the team to Canadian businessman Jim Balsillie, who would move it to Ontario, saying the league shoulfd make the decision. A June 9 hearing is set in U.S. Bankruptcg Court to decide whether Coyotes owne r Jerry Moyes can sell to Balsilliew or if it must be sold to a buyer who woul keep the NHL franchisein Arizona.
The Coyotezs are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 milliohn will be the best deal and the court’s main chargde is to get the most money to pay off debt and positiojn the team to be financially viable goingy forward. The Coyotes have lost $316 million sincde moving to the Phoenix market from Winnipeyin 1996, according to courr filings. Balsillie says NHL hockegy is not financially viable in the Phoenixxsports market, but the league pointws to four potential bidders for the Coyotes that would keep the team in Jobing.
Com Arena was built by the city of which says it will pursued a $500 million to $750 million claim if the Coyotes break their 30-year lease. Balsillie’s court filing contends the bankruptch court has the leeway to discharge sucha claim. The Nationao Football League, National Basketball Association and Major League Basebalol backthe NHL’s bid to keep the Coyotes in Arizona fearinvg the move could set a

Thursday, September 8, 2011

Derwent Living to complete 277 new homes in 2011 - whathouse.co.uk

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Derwent Living to complete 277 new homes in 2011

whathouse.co.uk


... supported by a significant shortage of housing, particularly new affordable homes for sale. Peter McCormack, chief executive at Derwent Living says: "The last few years have been difficult for everyone, particularly in the property industry, ...



Tuesday, September 6, 2011

Planned in Boston: The view from off the beaten path - Boston Business Journal:

hundleyobajoji1908.blogspot.com
"This city has so many fantasticselling points. Don't always go for the old said Edward Naughton, a partner with Boston law firm LLP. "There'd always a call to go see a Sox but it's always good to try new things. I'vse taken clients to restaurants in theSouth End, and it'sw a completely different feel from the Financial Even so, the Red Sox and Fenway Park are alwayss in demand, said Naughton, who says he occasionally plays host to client s in town for meetings or court cases. Holland & Knight has access to a sky boxat Fenway, whichg almost always proves popular. " 'Cam we get tickets to a Sox game?
' And we sometime manage to," he "It's a very common request." , a Westford-based media-integration firm that serves the high-end residential also suggests a Red Sox game if he happens to beentertainingh out-of-town clients. "Fenway Park has a certainm mystiqueto it," he said. "People want to go Occasionally, Naughton said, Holland & Knightf plays host to larger groups -- newly arrived summetr associates, for example -- in whic case the firm sponsors a duck tour or tripd to such cultural institutions as the orthe , or to concertsa at the FleetBoston Pavilion in the Seaport district.
Guestws of the law firm also enjoy the view of the Back Bay and South End rooftops fromHolland & Knight's two roof decks on St. Jamexs Avenue, he said. Todd Ryan, vice president of talenr acquisitionfor Burlington-based , also stresses the valure of exploration -- even when it comeds to something as seeminglyu simple as finding a place to eat. "When people think of the North End, they think of fabulouws restaurants. But really there are so many othert restaurants that might not be householdf names and might not be onHanover Street," he "It's always nice to explore the North End off of Hanovert Street.
" Ryan says he entertains a good deal in the coursw of his work, whether it means hosting existintg clients or prospective corporate customers lookingt to outsource some of their human resources "It's nice to have access to a city that has somethingg for everyone," he said. Ryan said he sometimes will putan out-of-townn client on Boston's Freedom Trail for a general overview of the city's history. they'll double back and visit a site off the trailp that might have piquecthe client's interest. Like Naughton, Ryan said Bostonb Duck Tours is a good way to show off the from the waterfrontto downtown.
Dininh is, of course, as much a staple of corporate entertainment as theexpense account. Ryan said he likesd to take clients toAbe & Louie's on Boylstonm Street in the Back Bay, which he says has a affordable wine list and is convenient to shopx and attractions in the and on Newbury The steakhouse's entrees are in the $35 range. Ryan also likes to take clientsz to Aquitaine on Tremont Streett in theSouth End, which features dinner entrees rangingy from $17 to $28. "It's quaint and conducive to conversation, but not too quainr and too small that itfeele claustrophobic," he said.
"And it's a nice walk from the Back Bay -- you pass throughg a beautiful residential neighborhoodand you'r e in a restaurant mecca." Naughton said he likes to take clientz to the Stanhope Grill in the on Stuar Street, which he says is convenient to Holland & Knight'es office. Entrees at Stanhope Grill range in pricefrom $19 to $36. "It'sd very elegant and not too stuffy," he said. DeFilipp o said a favorite restaurant of his is The Federalist in15 . "Thr menu is fantastic. It's conservative and understated, and peopl e find it's conducive to conducting business," he The Federalist's dinner entrees rangd from $26 to $45.

Saturday, September 3, 2011

ConAgra Trade Group managing Greenville plant for Nova Biofuels - Kansas City Business Journal:

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has entered into a sales agreement with to markett and sell biodiesel fuel and manage logistics for Nova at the biodiesell plantin Greenville, Miss. The plant, owned by , can producr 20 million gallons ofbiodiesel annually. Nova has contractuap rights toobtain 50% of the biodiesel and glycerin production from the Scott Petroleum will procure 50% of the refinery'e feedstock to produce biodiesel. Also, a wholly-owned subsidiary of ConAgra Foods, has agreed with Scot Petroleum to assist in procuring the additional feedstockk requirements, primarily animal fats and wasterd products.
The refinery, located on the Mississippji River, was recently completed and is scheduled to produces biodieselin September. "Nova has performede well in the design and constructiomn phases ofour refinery," Solonj Scott Jr., president of Scott Petroleum, says in a statement. "We'r looking forward to commissioning Nova's proprietary technology to convert a variety of feedstocks produced in Mississippi into biodieselk formy customers." Nova previously designed and buil t a biodiesel refinery in Clinton, Iowa. That facility, which can produce 10 million gallonsd ofbiodiesel annually, is owned by Clinton Countyh Bio Energy.
It has produces more than 4 million gallons of biodiesel fromsoy oil. Nova is also in the procesds of commissioning a refineryin Wis., which could produce 20 million gallond of biodiesel a year. The owned by , has produced more than 2 milliob gallons of biodiesel frommultiple feedstocks, such as corn oil extractef from dried distillers' grains, greases with high free fatth acid content levels and various blends of animapl fats. The refinery has processed feedstocks with combined free fattyu acid levels of upto 7%, whichn allows for the use of lower-cos t feedstocks for the production of Nova will also have a refineryt in Seneca, Ill. completed by the end of 2007.
That facility will be able to produce 60 million gallons ofbiodiesek annually. ConAgra Trade Group will markeg the fuel andmanage logistics. "The Nova team of professionalds are extremely passionate about our proprietary which is quickly being recognized as the biodieseoindustry leader," says Kenneth T. Hern, chairman and CEO of Nova Biosourcr Fuels. "Our ability to leverage low-cosyt feedstock using a high-quality efficient process with prearranged distributioh resources positions us forexcellent growth." Silverado Green Fuel, a wholly-owned subsidiary of , is planning a $25 milliomn fuel production facility at the Red Hillsw EcoPlex in Ackerton, Miss.
The project's cost includes an initiall investmentof $13.1 million in machineryy and equipment. The planyt will be used to conver lignite, a low-rank coal, into a liquid fuel that can be used inindustrialo boilers. The process used to convert the lignite is callecdhypothermal treatment.

Tuesday, August 30, 2011

Investors not quick to jump after bank rescue plan - Business First of Columbus:

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Unveiled on March 23, the Public-Private Investment Program aims to help banks ease strained balance sheetsx by selling pools of troubled loans to who will be able to leverage government loans to makebigger purchases. “A wide array of investors are expectedto participate,” the wrote in a briefing. “Th e program will particularly encourage the participationof individuals, mutual pension plans, insurance companies and othed long-term investors.” But the program’ complexity and the risk of investing in troubled loanws and securities have led some to wait whilee others are swearing off the government’s plan.
“We’rre looking at it, but obviouslgy it all depends onthe details,” said Jim CFO of , a Columbuds asset management firm. “We don’t want to be surprisede by the rules.” The decision is more immediate “We just frankly don’t have the confidence that any of the ratingof quality, no mattet who assigns them, are going to be reasonably accurate,” said Dick Curtis, executive directodr of the . Hesitation to invest in the prograjm is a sign the critical task of marketin g the bankrescue won’t be easy.
But the plan reliex on private investors to set prices and buytroubled assets, with the aim of taking as much as $1 trilliojn in problems off bank balance sheets. But many in the financee industry estimate it may be months before the plan garneras broad participation due to its complexity and because it has nevefr beendone before. Details of how investorsx might invest in bank loans have not been and the government has yet to selecf the handful of firmsx that will handle the securities portion ofthe “I think there will be a three- to six-month window where everyone sits back and waits, and then therew will be a flurry of activityy in the fourth quarter,” said Chris a principal at , a money manager in “It will be a handfup of first movers who believe they have the Everyone else will watch and wait, he said.
The program is but it’s unclear how smaller firms can saidDavid Meuse, principal of Columbus-basexd , a private-equity firm that with its affiliate s holds more than $500 million in “We’ll let the innovators go out therde and blaze the trail,” Meuse said. “Theses assets are not going to disappearrighy away, so we have a lot of time to look at Under the program, the government planws to guarantee or make loans to investorw to allow them to make investmentsa larger than their equityg stake, boosting returns. But investors could also lose “There are absolutely risks to Henneforth said.
Although details are being fleshed out, it appearw to have money-making potential for investors, Meuses said. “The types of returns we’re goingt to get here are certainly equal towhat we’d get in the privatwe sector world,” he said. Meuser said Stonehenge can get annual returns of abou 20 percent in private equity deals and aboug 15 percent formezzanine financing. He expecta that 15 percent to 25 percentt returns are possible throughy thegovernment program. But returns will vary basefd on the quality of assets and the pricex bankswill accept, he said.
Leve Partners, which hopes to invest in the program, is preparing marketingv solicitations to help raise moneh fromwealthy clients. The company is pitchint the investments as a way to compensatw for higher taxes on the wealthy beingg pushed by PresidentBarack Obama. The responsew has been strong, Henneforth “We sketched it out as a way for high-net-worth individualse to get their piece ofthe bailout,” he said.