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.

Sunday, August 28, 2011

Picking over the pieces of DayJet - Kansas City Business Journal:

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After failing to generate enough revenuse or secureadditional financing, the Boca Raton-basesd air taxi pioneer on Nov. 14 filed for bankruptcty liquidation less than a year after itbegaj operating. It listed more than $23 million in liabilities and $17 milliob in assets. DayJet, founded by Ed who also started softwaregiant , used a new software scheduling system to provide per-seat, on-demand flightd to smaller airports. Albuquerque, N.M.-based , which suppliesd DayJet with its had the largest bankruptcy claimat $16 Eclipse filed for bankruptcuy shortly after DayJet.
The 28 Eclipse jets that made up DayJet’s flee t were foreclosed on and sold earlierethis year, said George bankruptcy trustee. Miller said he heard from industry sources that each jet sold forabout $600,000. They cost about $1.1 million when new. Stuart Klaskin, an aviation consultant with Coral Gables-basesd Klaskin, Kushner & Co., said he also heard the planes were sold forabout $600,000. That would have been a good deal for the sellert if buyers face problems getting the planes Klaskin added. Next up for sale is a mishmashg of property that DayJet forfeited to its landlordc when it left the Boca Rato Research and Development Parknear .
The Boca R&D Project 7 LLC will conduct a public sale at10 a.m. on June 18. The landlordf did not immediately return callfor comment, but, amongv other things, a public for-sale notice listss computers, printers, office a stainless steel refrigerator and 14 airplane Klaskin, who said he has studied several noted that everything goes on the block when a companu dissolves. “At the end of the day, it oftenn comes down to coffee cups andfax paper,” he “Every office ought to have at least one airplanes tire.” But, DayJet’s interest in its siste company, DayJet Technologies, may still fetch some real money.
DayJe t Technologies, which developed the softwarer used to schedule anddispatchh planes, is not in Chapter 7. Pendiny court approval, Miller said he has a buye r of who will pay atleast $250,00p0 for DayJet Corp’s 35 percent stak e in DayJet Technologies. Klaskin said the technologyt might have value for another air taxi start up that growes at a more modest pacethan DayJet. “It’s entirely possible that there may be some use in that applicatioj forthe technology,” he Meantime, there are probably good dealss to be had on airplane tiresa come June 18.

Thursday, August 25, 2011

Mark Weiler Executive Profile

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where he was part of the foundinvg team and was responsible for first 8 versionse ofthe company's leading Wealth Management and Asset Managemenf solutions. Prior to joining NorthStar, he managed the teamw responsible for building B2B connectors and EAI adaptersd forExtricity (acquired by Peregrine) whose Alliancd B2B product line was used to automatwe supply chains including RosettaNe processes for several major electronics vendors. Before Extricity/Peregrine, Mr. Weilet developed a number of productdat Microsoft, notably Exchange Server, MAPI, and LAN Manager and he was a key membe r of the Exchange X.
400 Message Transfer Agent on the firs t four releases of Exchange He holds a Bachelors degree in Computerr Science & Engineering from the University of Santa Barbara. **All Executive profile data provided byDow Jones & Co., Inc.

Tuesday, August 23, 2011

Scanner $1 million closer - Stuff.co.nz

http://artslit.org/HB_buildcomm_eyetoeye.htm


Stuff.co.nz


Scanner $1 million closer

Stuff.co.nz


SCDHB deputy chairman and chairman of the MRI campaign Ron Luxton told the medical professionals, business people and representatives of community groups who have already agreed to support the project that an MRI scanner for South Canterbury was long ...



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Sunday, August 21, 2011

Embarq, CenturyTel will become CenturyLink after merger - Business First of Columbus:

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billion sale to closes, expected this month. The rural phone companies on Tuesday announced the plannerd name and logo for thecombined company. CenturyLink will retai the CenturyTel (NYSE: CTL) trading symbol. “Our new brande name was selected because our customerx and employees told us it reflected a company thatis forward-looking and committed to linking the country together,” CenturyTel CEO Glen Post III, who also will be chief executivre of CenturyLink, said in the release. The company will beginj operating under the new brand immediateluy upon closingthe deal.
In the following markets will be converted to the new with customers being notified in advancs and the name being added tocompanyy signs, vehicles and marketing materials. The logo is intendedr to represent the power of connecting people and businesses to one anothert and tonew opportunities, locally and the release said. Overland Park-based Embarq EQ) and CenturyTel, based in Monroe, La., are — from the — befor e the deal can close. The headquartera will be in Monroe. A Denver brand consultin g agency, , helped develop the new brand strategy, name and the release said. Together, the two companies will have aboutt 7.
5 million access lines, more than 2 million broadband customera and morethan 400,00o0 video subscribers. will . Embarq ranks No. 3 on the Kansas City BusineswsJournal ’s list of area public

Friday, August 19, 2011

Colliers awarded leasing for two Richardson properties totaling 150K SF - Bizjournals.com

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GlobeSt.com


Colliers awarded leasing for two Richardson properties totaling 150K SF

Bizjournals.com


Colliers International announced Thursday that two of the firm's brokers were awarded the leasing assignments at two Richardson properties totaling nearly 150000 square feet of space. An unnamed ownership group, which awarded the site's leasing to ...


Colliers Selected to Market 147000 SF Flex Portfolio - Daily News Article

GlobeSt.com


Colliers Int'l in D »

Wednesday, August 17, 2011

Apple's Spaceship Campus Is Larger Than The US Pentagon - SlashGear

uhalugupuzyma.blogspot.com


Apple's Spaceship Campus Is Larger Than The US Pentagon

SlashGear


The Mac Observer took the recently released floor plans and overlaid them with various monumental objects to reveal just how massive this 2.8-million square-foot circular office building will be. The graphic shows the Apple campus overlaid with the ...



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Sunday, August 14, 2011

Georgia Conservancy names Pierre Howard president - Atlanta Business Chronicle:

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Howard was interim president of the environmenta organizationsince January, following the departure of Jim a former partner with . In an e-mail to Georgia Conservancy members sent out late Howard said theorganization “plays a vital role in the conservation of Georgia’zs natural resources, and I look forward to the challengde of building a greater network of environmental advocatesa for our state and developing a truly statewide presence.” The organization also announcedd another key staff decision.
Allison Wall, director and founderd of , is now senior vice president of the Wall has worked with state consumer experts and citizeb advocates to promote consumer educationand pro-consumet policies across the state, according to the release. But what was not in the releaser was the indication Wall is being positioned to succeed Howard as president at some pointr inthe future. “Wr have a monumental opportunity to advance responsible conservation and managementg of our natural resource and wild areas in Wall said inthe release. “Increasingluy bi-partisan political consensus, new technologies, federal funding prospects and growing public sentiment are drivingthis opportunity.
We at the Georgiwa Conservancy have a responsibility to Georgia to lead the way inthis effort, and make the most of this The Georgia Conservancy was foundede in 1967 to collaborate, advocate and educatw the public on protecting Georgia’s natural environment. It has focuser on clean air, water, land coastal protection, growth managementy and environmental education. To read Pierre Howard’s comments to Georgias Conservancy members, .

Friday, August 12, 2011

Blue Coat CEO wins rights to Bay Area women's pro soccer franchise - Silicon Valley / San Jose Business Journal:

http://auto-site.biz/?f=2&n=0&p=15
Technology executive Brian NeSmith andhis Nancy, have been grantedd rights to a San Francisco-area franchisee in the Women’s Professionao Soccer league. Along with the Bay Area team, WPS is scheduled to begin play in the spring of 2009 with teamsdin Boston, Chicago, New St. Louis, Washington D.C. and Los WPS said it expects to expand to Atlantas and Philadelphiain 2010. NeSmith is CEO of BCSI), a Sunnyvale company whosse technology protectscorporate networks. The NeSmiths have two soccer-playing daughters. The NeSmithes and WPS have not finalized whers the team will play or its WPS will begin drafting players for all its teamswthis month. Players will come from the U.S.
Women’x National Team, colleges and elsewhere. Women’s Professional Soccer is the successofr tothe Women’s United Soccer That league launched in 2001 with players like Mia Brandi Chastain and Julie Foudy. The WUSA fielde d eight teams, including the San Jose by capitalizing on jubilation followingthe U.S. women’es team winning the 1999 World Cup. WUSA who lost millions of dollars, pulled the plug on the leaguee following the 2003 season after TV and attendance goalsafell short. WPS backers said the new leagus will not repeat the mistakes ofthe past.
Led by new commissione Tonya Antonucci, WPS has a different businesss plan and has lined up new investoras who paid atleasr $1.5 million for rights to a franchise. WPS, which has its league headquarters inSan Francisco, can survive becausse it will reign in costx and broaden its fan base beyonx parents and their soccer-playing daughters, said Antonucci, a former executive and soccer player. WPS will use social networking site s and other Internet technology to advertise and promote itseldf to lesbian andgay fans, young men and others who want to see the best female socce r players, Antonucci said.
She said the league can save money through its relationship with the marketingf armof , the 13-year-old men’s which will sell sponsorshipw on behalf of the women’s teams. WPS has attracted some big name investoras as it prepares to kick off playnext year. guard Stevre Nash and former Yahool President Jeffrey Mallett becamed investors and part ownersz in thestartup league. Terms of the deal were not released, but the totaol investment is said to besix figures. The firsr person to commit to buying a franchis wasPhil Anschutz, the billionaired media and entertainment mogul with a stake in two Majord League Soccer teams.

Wednesday, August 10, 2011

One year later, InChord chief happy with results from sale to InVentiv - Business First of Columbus:

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Since the deal closed, InChord's employment has swelleds from about 650 workerasto 1,000 in nine offices, including New York, Toronto and Montreal. It employz 495 workers in Central , which consists of InChords plus aCanadian health-care marketing firm and a compan y that tracks patients' pharmaceuticals use, reported $64.5r million in second-quarter revenue, roughly a third of InVentiv's $183 millioj in revenue for the quarter. InChorr posted gross sales of $97 million in its last full year as a privateltheld company.
Walter, 35, said the compan y was averaging 20 percent revenus growth a year before theInVentiv "We thought by partnering with InVentiv we coulrd continue our growth and accelerate Walter said. "I'm still excitedd about what we can do thatwe couldn'ty do before." InVentiv last month was namedc the 15th-fastest growing company in the natio n by Fortune magazine. Many of the jobs addexd at InChord have been in other It employs 120 workere inSaratoga Springs, N.Y., at its Palio and operationzs and 80 in New York at GSW Worldwidd and Y Brand. Some jobs have been moved fromCentrapl Ohio.
InVentiv spokeswoman Marcia Frederick said the company cut 10 employees when their jobs were shiftexto InChord's GSW Worldwid office in Newtown, Pa. That suburban Philadelphiwa office is handling an account InChordf landed in the springwith Ortho-McNei l Neurologics, a division of of Raritan, N.J. "It'xs more a geographic adjustmenr than abusiness adjustment," she said. InChord has developed a reputation for hiring advertising and technology stafft from otherarea agencies. "They have deep said Matt Wilson, a partnerf at in Westerville. InVentiv has added two companiesto InChord'sa stable since March. It bought , a Mass.
, business that helps patients compluy with theirprescription regimens, and the , a marketin g firm. InChord also has landed clientsd because of its connectionwith InVentiv, Walted said. He estimated InChors has 12 to 15 sizable relationships it did not have ayear ago, includintg the contract with Ortho-McNeil, and he expectx more contracts among small drug makers and biotecn companies as they bring products to "A lot of our growth has come from calling on a group of clientsx that we didn't fully reach," Walter said. "We've created new products togetherthat we'v taken to clients.
We have expertise we did not have The InChord deal has been equallyy importantfor InVentiv, said analys t David H. Windley, managing director of for Inc. in Tenn. "It adds anothe significant service offering tothe company's menu, providees cross-selling opportunities and diversifies the company's client and revenue he said. "So far, InChord's performance has outpaced expectationas set when the deal was InVentivHealth Inc. Based: Somerset, N.J. CEO: Daniel M. Snyder 2005 employees: 4,200 Web site: ventiv.com 2005 revenue: $556.3 million 2005 profit: $43.9 million 52-week high: $33.87 52-week low: $22.52 Oct. 10 $27.40 Inchord Communications Inc.
Ad agency subsidiary of Employeesby Columbus, 490; Saratoga Springs, 120; New York City, 80; Torontoi and Montreal, 90; Burlington, Mass., 75; Dallas, 50; Pa. 30; London, 20; variousa U.S. locations, 20 Web site: inchord.co m

Monday, August 8, 2011

Who Wore It Best: Rachel Bilson vs. Maggie Q - Ottawa Citizen

http://veteransworld.com/tips_interviewing/questionnaire_interviewiq.html


Who Wore It Best: Rachel Bilson vs. Maggie Q

Ottawa Citizen


Rachel Bilson and Maggie Q both rocked this summer's all-white trend at the Teen Choice Awards, but the question is who wore it best? Vote for your favourite look! A white dress is one of the hottest looks this summer and it seems both Rachel Bilson ...



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Friday, August 5, 2011

Titans want to stoke competition in defensive secondary by adding veteran S ... - Washington Post

http://www.0et0.com/2006/announcemente.html


Titans want to stoke competition in defensive secondary by adding veteran S ...

Washington Post


We want that mentality that they feel they can start and play in this game.' The question is how much of a competition this will be. Hope is in the final year of the contract that brought him from Pittsburgh after helping the Steelers win the 2006 ...



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