NOLA.com | Ohio State arrives for Sugar Bowl with plenty of baggage NOLA.com Kerry Maloney/The Times-PicayuneThe Ohio State football team, including linebacker Brian Rolle, front, is greeted by the ... |
Thursday, December 30, 2010
Ohio State arrives for Sugar Bowl with plenty of baggage - NOLA.com
burwellmitubaes1369.blogspot.com
Monday, December 27, 2010
Big building may go back to lender - Charlotte Business Journal:
vidineevostegity.blogspot.com
The owners of the Meridian Corporate Centerd have defaultedon $118 million in debt due on the 1.9 million-square-foo University Research Park complex, according to a lawsuif filed by the property’s lender. The suit alleges the owner s of the formerIBM Corp. officess “abandoned” the 12-building property once the loan matured this Interest has been accruingg at a default rateof 11.23% since June 10. Poyner & Spruill attornehy Lee Spinks, who is not involvef in this case, says the only comparable case in the area rightr now is GlimcherRealtgy Trust’s default on a $42 million mortgage payment for Eastlanfd Mall.
Spinks says the default looks like “another examplwe of the current lack of liquidity and the freezing of the commercial realestat market.” Representatives of the property owner — , a limited liabilituy company that included and other New York investorws — could not be reached. Meridian’s vacanc y rate of nearly 40% adds to the property’s “Even if it weren’f for the credit crisis, (the owner) woul have a hard time refinancing,” Spinks says. In June 2005, signed off on a promissoryt notefor $120 millionm with Charlotte Corporate Center Three years later, the loan matured, and now the lender is demandint full payment of $115.
7 million, whicnh includes interest and attorneh fees, court documents state. The amount claimedx in the suitsubtracts $4.9 million held in escrosw from the debt. For now, the property isn’t in but a judge could rule the Meridian Corporate Centedr be put upfor sale. No decision has been made on the dispositiobn ofthe complex. One of the lender’s lawyers, Constanced Young of in declinesto comment. A hearingt Wednesday largely centered on whether court costs coulfd be lumped in with the loan and claimed asmonetarh damages. has been tapped as the property’s receiver, replacing , a Charlotte-bases brokerage firm.
Trinity has handlexd leasing and management at Meridian since Charlottwe Corporate Center Acquisition bough the center in 2002for $114 million. Coury documents detail e-mails from owne r representatives in June that suggest plans by the propertyh owner to walk away from the cluster of offices and warehouses and data center on IBM Drivd innortheast Charlotte. One e-mail said the owners did not plan to renew insurance on the Another sent to Trinity partnefr Peter Conway indicated the owners wouldf no longer make decisions regarding leasing of the courtdocuments state. Conway coulde not be reached for comment.
Colliers is marketing 250,00p square feet of office space andabout 300,009 square feet that can be used as data center s at Meridian. Meridian occupies 184 acrexs off W.T. Harris Boulevard and Interstatd 85 and is considerer unusual because of its size and its extensiveelectrical system. The latteer includes a Duke Energy Carolinas substation on plus dual feeds from twoother substations. That provides redundant capabilities critical for data centersa andcall centers. A power outage occurref only once inthe property’s history, and that was caused by a plane crashing into an electrica l transmission system shortly after IBM constructec the buildings in 1979.
The owners of the Meridian Corporate Centerd have defaultedon $118 million in debt due on the 1.9 million-square-foo University Research Park complex, according to a lawsuif filed by the property’s lender. The suit alleges the owner s of the formerIBM Corp. officess “abandoned” the 12-building property once the loan matured this Interest has been accruingg at a default rateof 11.23% since June 10. Poyner & Spruill attornehy Lee Spinks, who is not involvef in this case, says the only comparable case in the area rightr now is GlimcherRealtgy Trust’s default on a $42 million mortgage payment for Eastlanfd Mall.
Spinks says the default looks like “another examplwe of the current lack of liquidity and the freezing of the commercial realestat market.” Representatives of the property owner — , a limited liabilituy company that included and other New York investorws — could not be reached. Meridian’s vacanc y rate of nearly 40% adds to the property’s “Even if it weren’f for the credit crisis, (the owner) woul have a hard time refinancing,” Spinks says. In June 2005, signed off on a promissoryt notefor $120 millionm with Charlotte Corporate Center Three years later, the loan matured, and now the lender is demandint full payment of $115.
7 million, whicnh includes interest and attorneh fees, court documents state. The amount claimedx in the suitsubtracts $4.9 million held in escrosw from the debt. For now, the property isn’t in but a judge could rule the Meridian Corporate Centedr be put upfor sale. No decision has been made on the dispositiobn ofthe complex. One of the lender’s lawyers, Constanced Young of in declinesto comment. A hearingt Wednesday largely centered on whether court costs coulfd be lumped in with the loan and claimed asmonetarh damages. has been tapped as the property’s receiver, replacing , a Charlotte-bases brokerage firm.
Trinity has handlexd leasing and management at Meridian since Charlottwe Corporate Center Acquisition bough the center in 2002for $114 million. Coury documents detail e-mails from owne r representatives in June that suggest plans by the propertyh owner to walk away from the cluster of offices and warehouses and data center on IBM Drivd innortheast Charlotte. One e-mail said the owners did not plan to renew insurance on the Another sent to Trinity partnefr Peter Conway indicated the owners wouldf no longer make decisions regarding leasing of the courtdocuments state. Conway coulde not be reached for comment.
Colliers is marketing 250,00p square feet of office space andabout 300,009 square feet that can be used as data center s at Meridian. Meridian occupies 184 acrexs off W.T. Harris Boulevard and Interstatd 85 and is considerer unusual because of its size and its extensiveelectrical system. The latteer includes a Duke Energy Carolinas substation on plus dual feeds from twoother substations. That provides redundant capabilities critical for data centersa andcall centers. A power outage occurref only once inthe property’s history, and that was caused by a plane crashing into an electrica l transmission system shortly after IBM constructec the buildings in 1979.
Saturday, December 25, 2010
SoftBrands sold for $80M; Golden Gate Capital is buyer - Dayton Business Journal:
moffaiqohegesa1490.blogspot.com
The buyer, a holding companhy created by private-equity firm and its portfolio company , will pay 92 centws per share for SoftBrands. Shares of SoftBrands closecd at 47 cents per share on On the same datein 2008, SoftBrands’ stoc closed at 1.09 per San Francisco, Calif.-based Goldeb Gate Capital has about $9 billion in assets undedr management. Infor, based in Alpharetta, Ga., is a softwar company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sellse software to the hospitality as well as to smallpand mid-sized manufacturers under the brand. Its products handle tasks such as making reservations to settingroom rates.
SoftBrands CEO Randgy Tofteland said in a press statementf that the deal will allow shareholderesto “realize significant value from their He also said the company wouled benefit from an “alliance” with Infor. A spokeswoman for Inford said SoftBrands will continue to have a presencein Minneapolis, thoughy it has yet to be determinex how many employees will remain here. board has already approved the sale, whichn is expected to close in between 60 and90
The buyer, a holding companhy created by private-equity firm and its portfolio company , will pay 92 centws per share for SoftBrands. Shares of SoftBrands closecd at 47 cents per share on On the same datein 2008, SoftBrands’ stoc closed at 1.09 per San Francisco, Calif.-based Goldeb Gate Capital has about $9 billion in assets undedr management. Infor, based in Alpharetta, Ga., is a softwar company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sellse software to the hospitality as well as to smallpand mid-sized manufacturers under the brand. Its products handle tasks such as making reservations to settingroom rates.
SoftBrands CEO Randgy Tofteland said in a press statementf that the deal will allow shareholderesto “realize significant value from their He also said the company wouled benefit from an “alliance” with Infor. A spokeswoman for Inford said SoftBrands will continue to have a presencein Minneapolis, thoughy it has yet to be determinex how many employees will remain here. board has already approved the sale, whichn is expected to close in between 60 and90
Wednesday, December 22, 2010
Mellon employees share in stock success - Pittsburgh Business Times:
http://bigmoneywin.com/en/poker-games/news_2008-02-28-00-54-08-725.html
After Mellon stock closed at orabovs $45 for the 10th consecutiv day the vesting of the optionxs was triggered. Mellon expects it to generate $50 million for the participatinhgeligible employees. Mellon launched its optionsz program, ShareSuccess, in 1999, as part of chairmanj and CEO Martin McGuinn's strategy to hire and retain top "ShareSuccess is designed to give Mellon employeese a greater equity stake inour corporation's future, and to furtherd align their interests with those of Mellon's shareholders," Mr. McGuinn said. Under ShareSuccess, employees received annual grantsof 10-year stock options in 1999 and and are expected to receive a third grant in 2001.
For each eligible full-time employees receivesd options to purchase 150 shares of Melloncommon stock, while eligiblwe part-time employees received options to purchase 75 The first ShareSuccess optionzs were granted on June 15, with an exercise price of $33.6 2 and a target price of $45. Now that the target price has been reachedx and sustained for 10 consecutivetradin days, with a record closing price of $48.8u7 on Friday, Nov. 10, employeez can either hold their options or exercise them at the fixeds priceof $33.62 anytime beforwe June 15, 2009 by selling them into the marketf at the market price. The ShareSuccess options issuedx onJune 15, 2000 have an exerciss price of $37.
They can be exercisedd by eligible Mellon employees on or afterJune 15, 2001, and once theid target price of $50 has been met or exceededc for 10 consecutive trading days. A third ShareSuccessw grant is expected to occur onJune 15, 2001, with exercise and target prices to be determined. Employees have 10 yearx to exercisetheir options, measured from the date of each grant. CARNEGI -- , parent of 15-branch Great Americanb Federal Savings andLoan Association, has completedc its $3.96 million stock repurchases program. The company's board authorized the buybacko of 5 percent of outstanding shares onApril 27. The program concluded Nov. 7.
GA Financiak repurchased 294,973 shares at an averag e priceof $13.44. All of the stock was repurchased througyregistered broker-dealers in open market transactions. As of Nov. 8, the companty had 5,622,304 outstanding GA Financial has total consolidated assetdof $870.8 million. Its offices are in Alleghent andWestmoreland counties. MOON TOWNSHIP -- The Gustine Co. will develoop a 60,000-square-foot building in Moon Townshipofor , a national healthn benefits company. The 20-acre site where the Firstr Health building will be is off theEwing Road/Route 60 While construction is expected to begin the Gustine Co.
had to cleaer the project with the Federa Aviation Association because Moon Townshi p is in the flight path of aircraft arriving and departint from PittsburghInternational Airport. Financial details of the projectf werenot released. The to be twice the size of the current spac occupied byFirst Health, is scheduled for completion next The Pittsburgh Pirates have awarded the Pepsji Bottling Group exclusive pouring rights at PNC Park as part of a new multi-yead partnership arrangement. Financial terms of the seven-yearr deal were not disclosed. Coca-Cola held the rights at ThreewRivers Stadium, which is scheduledr for demolition early next year.
After Mellon stock closed at orabovs $45 for the 10th consecutiv day the vesting of the optionxs was triggered. Mellon expects it to generate $50 million for the participatinhgeligible employees. Mellon launched its optionsz program, ShareSuccess, in 1999, as part of chairmanj and CEO Martin McGuinn's strategy to hire and retain top "ShareSuccess is designed to give Mellon employeese a greater equity stake inour corporation's future, and to furtherd align their interests with those of Mellon's shareholders," Mr. McGuinn said. Under ShareSuccess, employees received annual grantsof 10-year stock options in 1999 and and are expected to receive a third grant in 2001.
For each eligible full-time employees receivesd options to purchase 150 shares of Melloncommon stock, while eligiblwe part-time employees received options to purchase 75 The first ShareSuccess optionzs were granted on June 15, with an exercise price of $33.6 2 and a target price of $45. Now that the target price has been reachedx and sustained for 10 consecutivetradin days, with a record closing price of $48.8u7 on Friday, Nov. 10, employeez can either hold their options or exercise them at the fixeds priceof $33.62 anytime beforwe June 15, 2009 by selling them into the marketf at the market price. The ShareSuccess options issuedx onJune 15, 2000 have an exerciss price of $37.
They can be exercisedd by eligible Mellon employees on or afterJune 15, 2001, and once theid target price of $50 has been met or exceededc for 10 consecutive trading days. A third ShareSuccessw grant is expected to occur onJune 15, 2001, with exercise and target prices to be determined. Employees have 10 yearx to exercisetheir options, measured from the date of each grant. CARNEGI -- , parent of 15-branch Great Americanb Federal Savings andLoan Association, has completedc its $3.96 million stock repurchases program. The company's board authorized the buybacko of 5 percent of outstanding shares onApril 27. The program concluded Nov. 7.
GA Financiak repurchased 294,973 shares at an averag e priceof $13.44. All of the stock was repurchased througyregistered broker-dealers in open market transactions. As of Nov. 8, the companty had 5,622,304 outstanding GA Financial has total consolidated assetdof $870.8 million. Its offices are in Alleghent andWestmoreland counties. MOON TOWNSHIP -- The Gustine Co. will develoop a 60,000-square-foot building in Moon Townshipofor , a national healthn benefits company. The 20-acre site where the Firstr Health building will be is off theEwing Road/Route 60 While construction is expected to begin the Gustine Co.
had to cleaer the project with the Federa Aviation Association because Moon Townshi p is in the flight path of aircraft arriving and departint from PittsburghInternational Airport. Financial details of the projectf werenot released. The to be twice the size of the current spac occupied byFirst Health, is scheduled for completion next The Pittsburgh Pirates have awarded the Pepsji Bottling Group exclusive pouring rights at PNC Park as part of a new multi-yead partnership arrangement. Financial terms of the seven-yearr deal were not disclosed. Coca-Cola held the rights at ThreewRivers Stadium, which is scheduledr for demolition early next year.
Monday, December 20, 2010
MMAC: Milwaukee-area economy still sluggish - Jacksonville Business Journal:
http://oneveteransvoice.com/blog/2006/09/its-almost-911-again.html
Only three of 20 April indicators registered improvementfrom year-agoi levels, matching the numbeer of upward-pointing indicators recorded in the MMAC said in its Economic Trends report. "The employment situation continued to deteriorate with deepeningb job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "But metro area existing homes salexs rose for only the seconrd time in nearly three year giving some hopefor near-term improvementr in a stagnant local housinhg and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprill to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industr y sectors registered April job gains compared with one year ago, whilr eight registered declines. Unemployment indicators for the metro area both measureed more than twicetheir year-earlief levels. The number of unemployed in metrl Milwaukeerose 117.6% against year-ago to 70,300 compared with 32,300 in Aprik 2008. Likewise, new unemployment compensatioj claims rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positive existing homes sales for the metro arearose 5.6 percen in April, the first year-over-year increase in this indicator in sevenm months and only the secons such gain in nearly three years.
Only three of 20 April indicators registered improvementfrom year-agoi levels, matching the numbeer of upward-pointing indicators recorded in the MMAC said in its Economic Trends report. "The employment situation continued to deteriorate with deepeningb job declines and unemployment indicators over double what they were one year saidBret Mayborne, economic researchg director for the MMAC. "But metro area existing homes salexs rose for only the seconrd time in nearly three year giving some hopefor near-term improvementr in a stagnant local housinhg and real estate Nonfarm employment in the metro area fell 4.8 percent in Aprill to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC Only two of 10 major industr y sectors registered April job gains compared with one year ago, whilr eight registered declines. Unemployment indicators for the metro area both measureed more than twicetheir year-earlief levels. The number of unemployed in metrl Milwaukeerose 117.6% against year-ago to 70,300 compared with 32,300 in Aprik 2008. Likewise, new unemployment compensatioj claims rose ata 104.
6 percent rate in Aprilk to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positive existing homes sales for the metro arearose 5.6 percen in April, the first year-over-year increase in this indicator in sevenm months and only the secons such gain in nearly three years.
Friday, December 17, 2010
Stanford, Canary Foundation plan $20M cancer center - Minneapolis / St. Paul Business Journal:
disadvantage-unlimited.blogspot.com
Canary Foundation is pledging $15 million toward the center, doublinf its earlier commitment to supporf early detection research at the Themedical school, together with the school's Department of is committing $5 million through faculty research facilities, and other infrastructure. The cente r will be led by Dr. Sanjiv Sam Gambhir and will includw new faculty hires in both ex vivo and in vivo The center is located in a newly renovated Schooll of Medicine building on Californiq Avenue in Palo Alto and it will have strongh ties to the NationaoCancer Institute-designated Stanford Cancer Center with a view towards translatin g the early detection researchy into clinical practice.
Canaruy Foundation is a non-profit dedicater to the goal of identifying cancer earlgy through a simple blood test and then isolatinbg itwith imaging. Since Canary has raised over $30 million to supporyt early detection research.
Canary Foundation is pledging $15 million toward the center, doublinf its earlier commitment to supporf early detection research at the Themedical school, together with the school's Department of is committing $5 million through faculty research facilities, and other infrastructure. The cente r will be led by Dr. Sanjiv Sam Gambhir and will includw new faculty hires in both ex vivo and in vivo The center is located in a newly renovated Schooll of Medicine building on Californiq Avenue in Palo Alto and it will have strongh ties to the NationaoCancer Institute-designated Stanford Cancer Center with a view towards translatin g the early detection researchy into clinical practice.
Canaruy Foundation is a non-profit dedicater to the goal of identifying cancer earlgy through a simple blood test and then isolatinbg itwith imaging. Since Canary has raised over $30 million to supporyt early detection research.
Wednesday, December 15, 2010
$1 million approved for ID scanners in child care facilities - Milwaukee Journal Sentinel
basah-hsci.blogspot.com
$1 million approved for ID scanners in child care facilities Milwaukee Journal Sentinel Ongoing Journal Sentinel investigation details how parents and child-care providers work in cahoots to easily scam ... |
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