Thursday, June 30, 2011

Aronimink feels more like US Open than US Open did - SI.com

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ABC News


Aronimink feels more like US Open than US Open did

SI.com


(AP) - Adam Scott must have felt as though he got another crack at the US Open on Thursday in the AT&T National. Only this course felt more like a US Open. Aronimink built on its growing reputation when only 28 players managed to break par in the ...


Aronimink feels more like US Open than US Open did

The Associated Press


Aussie Scott seizes share of PGA lead

AFP


Aronimink feels more like US Open than US Open did

Newsday (subscription)



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Tuesday, June 28, 2011

Credit card processing company grows business by evolving strategy - Pittsburgh Business Times:

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Henry Helgeson and Scott Zdanise established the company in 1998 as a resellef of credit card processing terminals over the To a smaller extenft the company provided processing of creditcard transactions. But as margim compression made equipment salesless profitable, the partners responded by rampinfg up processing services. Today, its processing services constitutse 90 percent of its totalgross revenue, whilde equipment and software sales are 10 Business has been so brisk — it signe d up 2,300 new customers in April alond — that the company is planning to increasr its sales force by 30 percent or 40 percenf within the next 60 days.
“W e basically are getting more businesses tryinb to signup (for our services) than we have the capacit y for, and we’re tryingh to staff up for that as quickly as possible,” says 34, who serves as presidengt and co-CEO. Co-founder Zdanis has since moved to Miam i and plays a less active role inthe company. Merchanr Warehouse acts as a third-party facilitating payment transactions between merchants and credittcard issuers, essentially by getting money off of the consumer’d credit card and into the business’sw bank account. Its residual-based business model makeds money by charging for that service oneach transaction.
Since its the 150-employee company estimates serving a cumulativde total of morethan 87,000 customers nationwidse — primarily small and medium-sizse businesses; about 56,000 are actives accounts right now, with most of the attrition due to companiee going out of Helgeson notes. Today, Merchant Warehouse is processinbg morethan 3.5 million paymentg transactions per month. After hitting $27.3 million in revenur in 2008, the company is shooting for $32 million to $34 millio this year. Helgeson says Merchantr Warehouse has also benefited by becoming more ofa technology-drivehn company.
“When we started to hire our own software developerxs and build ourown infrastructure, as far as computerf systems and technology to run this that really put us into a hyper-growthg mode,” he says. Five yeards ago, the company hired its first software developer. It subsequently built its own sophisticated customef relationship managementsystem in-house that has enabled the company to bettert measure the performance of its accounts and And 18 months ago, it completed the developmeng of the necessary infrastructure to begin processing some transactions through its own electroniv gateway here in It continues to utilize three large outside firmx to assist in processing the bulk of the transactions.
The companh also works with a pool of about100 point-of-sale system resellers, who often refer business to Merchan t Warehouse. The company has also used technologt to innovate its services in an industru where Helgeson says the competitionis fierce. “Our industrh has been pretty much plain, vanillaz credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiate ourselves?’ ” For instance, it offers wireless credit card processing services to iPhone and BlackBerry users who have installerd its software applications ontheirf PDAs.
Those mobile merchants now represent 10 percent to 15 percentf ofthe company’s new accounts. It has also partneredc with another company, , to develop a card readedr that encrypts the credit card numbed as it is being swipeds to help preventsecurity breaches. “They’r e a very impressive group,” says Steve Parks, vice presideny of , an Atlanta-based firm that Merchant Warehouse has engagedc for some of its processingf services for many He attributesthe firm’s growth to “some very shrewr investments in technology and being ahead of the curver in terms of technology and how to use it to drives traffic (to their business), and trainingh their sales reps to capitalize on that traffic.

Sunday, June 26, 2011

Business groups slam proposed tax increases - Business First of Buffalo:

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The said it opposes changes to the corporateminimum tax, a new corporat income tax and a new personal incomw tax. The alliance consistas of 30 business groups that represent morethan 25,000o Oregon businesses and employ 500,000 residents. Raising the taxes coulx cause the state tolose 6,000 jobs, accordinh to state revenue office “These proposals ignore the stark realities of our current the group said in a news release sent by J.L. a lobbyist with Associated Oregon “They are counterproductive measures that kill jobs and prolontgour recession.
” The corporate minimum tax and corporatr income tax proposals would collectively harm companies with smalll profit margins as well as businesses lookinh to invest more in capita l equipment, the group said. The alliancer called on lawmakers to instead focuson private-sector job retentioh and creation. “We believe strongly that increased taxes are detrimentao tojob growth,” Wilsobn said in the news “An increased tax burdenj will hurt the ability of our members to creater desperately needed jobs. It is the wrong approach to balancerthe state’s budget.
” Other groups signing the letter include Associatec Oregon Loggers, Independent Community Banks of the Northwest Food Processora Association, Oregon Association of Realtors, the Oregobn Automobile Dealers Association, the Oregonb Bankers Association, the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Association. Oregon’ws House and Senate members hope to adjourm byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjournn or in a series of speciap sessions throughout the rest ofthe

Thursday, June 23, 2011

Odom at center of more trade talk; Warriors seems inclined to keep Ellis - SportingNews.com

http://pageturnerbooksonline.com/top-seven-approaches-writing-articles-can-explode-your-business.html


Los Angeles Times


Odom at center of more trade talk; Warriors seems inclined to keep Ellis

SportingNews.com


The Warriors, meanwhile, seem less inclined to move Ellis than they reportedly were a few weeks ago. Gol! den State has heard several offers from around the league, but new coach Mark Jackson wants to keep Ellis, who is also now new co-owner Joe Lacob's ...


The McTen: What the Draft means

ESPN (blog)


NBA Draft: Lamar Odom trade scenarios present many pros and cons

Los Angeles Times (blog)


SI Report: Lakers, 76ers Talking Lamar Odom For Andre Iguodala

SB Nation Los Angeles



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Tuesday, June 21, 2011

Jody Weis received $76308 in unused vacation when he resigned - Chicago Sun-Times

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Chicagoist


Jody Weis received $76308 in unused vacation when he resigned

Chicago Sun-Times


Former Chicago Police Supt. Jody Weis (left) and his chief of staff, Mike Masters, are among 1026 city employees paid $7.4 million for unused vacation days since September 2010. | Brian Jackson~Sun-Times file Former Chicago Police Supt. ...


Weis Pocketed Unused Vacation Payout: Report

NBC Chicago



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Sunday, June 19, 2011

Corbis unit cashes in on dead-celebrity images - Denver Business Journal:

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Dead celebrities, that is. , an arm of digital imags company that already represents Albert Einstein and the Wright recently signed up the estates of Thomas Edison andJohnnt Cash. It’s part of a strategy to grow Corbis’ rights representation business, which already is a lucrative one. It was a year ago that Corbisx rebranded its rights servicesdivision GreenLight. Today, GreenLight does abougt $50 million in business. “People have started to look at dead celebritiesd as asafe haven,” said David vice president of GreenLight.
Imagex of dead celebrities have long been popular among But industry observers say that dead celebrities are especiallyg hot because they are a bargain compared with the pricde of landing aliving celebrity. Then there’sz the tabloid factor. A dead celebrity is relativelyg safefrom scandal, unlikse a living idol who can muck thingsz up for a product by landing in jail or Think football star Michael Vick after his animao cruelty case, or Olympic golden boy Michael Phelps, who lost an endorsement deal with Kellogg’ds after being photographed with a marijuana bong. Even if a dead celebrity had the public often forgivesor forgets.
“The nice thing about a dead Reeder said, “is the scandal is behin them.” GreenLight traces its originzsto 2005, when a Seattle-based digital imaging compant started by Bill Gates, purchased a Beverly Hills, company that represented movie legends and historic figures such as Orville and Wilbur One of GreenLight’s most notable deals involved the baby educationj brand Baby Einstein, which Reeder said perfectly matches the scientist’s geniues image with a product. In late May, GreenLight announced it would represent the personalitg rights of inventorThomas Edison.
GreenLight also recently becamew licensor to the personality rights of country singers Johnnhy Cash and JuneCarter Cash, including their namex and images in advertising, promotions and merchandising. GreenLight is stil l shaping how to use the image ofJohnngy Cash. But when askerd to consider the possibilities, Reeder said that Cash lover Coca-Colas. Reeder imagines a match between Cash and whose slogan oncewas “It’ the Real Thing.” “Nobody’s more authenticf than Johnny Cash,” Reeder said.

Thursday, June 16, 2011

Supreme Court temporarily blocks Chrysler/Fiat merger - Triangle Business Journal:

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Supreme Court Justice Ruth Baded Ginsberg granted a motion filed by Indianaz state pension funds to delayh the merger between the American and Italian automakers in whatthe U.S. Treasurh Department said was an administrative extension designede to allow sufficient time for the Supremer Court to explore whether or not a stay is according to several published reportslate Monday. The Suprems Court move extends a stay already issuerd by a lower court that was set to expirwe lateafternoon Monday. Fiat has give n Chrysler until June 15 to finisjhthe merger. Attorneys for the pensiojn funds argued that they would receive just pennieds on the dollar fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collapse ofChrysler — said to be losing upwardd of $100 million daily — was of greater concermn to government officials than the loan When Chrysler filed for it announceed it would reject 789 dealership agreements nationwide, including nine in the St. Louis metrlo area. Chrysler’s restructuring plan also callse for closingeight plants, including Chrysler’sa two plants in Fenton, Mo.
Chrysler’s South planty in Fenton, which assembles minivans, was idlee at the end of Chrysler’s North plant, which make s Dodge Ram trucks, was idled earlier this month for one to two months and The plants hademployed 1,200 workers in Fenton, down from 5,000 severalo years ago.