Economic Times | PRECIOUS-Gold steadies, heads for 12th annual gain Reuters India gold demand drops ahead of New Year celebration. By David Brough. LONDON, Dec 31 (Reuters) - Gold steadied on Monday and was set to end 2012 up around 6 percent, notching up a 12th straight year of gains, but uncertainty over whether U.S. ... Gold Poised for 12th Annua l Climb as U.S. Budget Deadline Nears Gold ticks higher, on track for 12th annual gain Gold extends gains, heads for 12th annual rise |
Monday, December 31, 2012
PRECIOUS-Gold steadies, heads for 12th annual gain - Reuters
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Saturday, December 29, 2012
MMAC: Milwaukee-area economy still sluggish - Philadelphia Business Journal:
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Only three of 20 Aprilk indicators registered improvementfrom year-ago matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorats with deepening job declines and unemploymeng indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existingv homes sales rose for only the second time in nearly threed years giving some hope for near-term improvementr in a stagnant local housing and real estate market." Nonfarm employment in the metroo area fell 4.8 percent in Aprilk to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ago leveld in each of the past 12 with April’s decline being the steepest registerexd in this period, the MMAC Only two of 10 major industr sectors registered April job gains comparedx with one year ago, while eight registered declines. Unemployment indicators for the metrp area both measured more than twicetheir year-earlier The number of unemployed in metro Milwaukee rose 117.6% againsgt year-ago levels, to 70,300 compared with 32,300 in Aprio 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percenty rate in April to 12,101, this indicator’s third consecutive year-over-year increased of 100 percent or greater. On the positivw side, existing homes sales for the metrol arearose 5.6 percent in April, the firsg year-over-year increase in this indicator in sevem months and only the seconc such gain in nearly three years.
Only three of 20 Aprilk indicators registered improvementfrom year-ago matching the number of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorats with deepening job declines and unemploymeng indicators over double what they were one year saidBret Mayborne, economic research director for the "But metro area existingv homes sales rose for only the second time in nearly threed years giving some hope for near-term improvementr in a stagnant local housing and real estate market." Nonfarm employment in the metroo area fell 4.8 percent in Aprilk to 812,300, down from March’s 4.
3 percent Employment levels have now declined compared with year-ago leveld in each of the past 12 with April’s decline being the steepest registerexd in this period, the MMAC Only two of 10 major industr sectors registered April job gains comparedx with one year ago, while eight registered declines. Unemployment indicators for the metrp area both measured more than twicetheir year-earlier The number of unemployed in metro Milwaukee rose 117.6% againsgt year-ago levels, to 70,300 compared with 32,300 in Aprio 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percenty rate in April to 12,101, this indicator’s third consecutive year-over-year increased of 100 percent or greater. On the positivw side, existing homes sales for the metrol arearose 5.6 percent in April, the firsg year-over-year increase in this indicator in sevem months and only the seconc such gain in nearly three years.
Friday, December 28, 2012
Hunting ban will not be repealed, Tories admit - Telegraph.co.uk
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Telegraph.co.uk | Hunting ban will not be repealed, Tories admit Telegraph.co.uk "This is good news because the vast majority of the country does not want to see a return to the barbaric sport of fox hunting," she said, adding that repealing the ban would hurt the party. "The success of the Conservative Party means that it elected ... Hunt provides Boxing Day spectacle Hunt ban vote 'not imminent' Video: Boxing Day Hunt in Lewes |
Thursday, December 27, 2012
India Promises Support for Nepal Socio-Economic Development - Prensa Latina
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The Hindu | India Promises Support for Nepal Socio-Economic Development Prensa Latina Imagen activa 26 de diciembre de 2012, 10:53New Delhi, Dec 26 (Prensa Latina) India will make every effort to continue to support the socio-economic development of Nepal, President Pranab Mukherjee today told his counterpart in the neighboring nation, ... Ind ia hopes for stability in Nepal Prez Yadav has a busy day in New Delhi |
Tuesday, December 25, 2012
PBA backs expanded River District renewal area - Triangle Business Journal:
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Sandra McDonough, the alliance’ president and CEO, told the Portland City Counci l on June 17 that the city needsa to do everything it can to provide more The council is reconsidering expanding the River District by nearlhy42 acres, as well as increase the amount of bondxs the city can assume to fund projects withih the district. The council and the Portland Development Commissiob had first sought the expansion nearly two yearws ago but were thwartedx bya citizens’ group The Friends of Urban Renewal group had charged that the Rivef District expansion proposal, which would have also redirecte d $20 million in district-generated funds to a new East Portland elementary didn’t fit technical urban renewal definitions.
The council will vote on the measurwenext week. McDonough said urban renewal providexs funding for investmentsin infrastructure, social services and public-private partnerships. “W e need to create jobs,” she “We have an opportunity to do just that by adoptingg theserevised findings, which address the issuea that have been raised about the River District We can then move forwarsd with the important projects that depenc on these funds.” City Commissioner Nick Fish has said that the constructio of a new homeless services center could depenrd on urban renewal funds if constructionb is to begin this year.
McDonoughb said the alliance backs using urban renewal fundse to buildthe center.
Sandra McDonough, the alliance’ president and CEO, told the Portland City Counci l on June 17 that the city needsa to do everything it can to provide more The council is reconsidering expanding the River District by nearlhy42 acres, as well as increase the amount of bondxs the city can assume to fund projects withih the district. The council and the Portland Development Commissiob had first sought the expansion nearly two yearws ago but were thwartedx bya citizens’ group The Friends of Urban Renewal group had charged that the Rivef District expansion proposal, which would have also redirecte d $20 million in district-generated funds to a new East Portland elementary didn’t fit technical urban renewal definitions.
The council will vote on the measurwenext week. McDonough said urban renewal providexs funding for investmentsin infrastructure, social services and public-private partnerships. “W e need to create jobs,” she “We have an opportunity to do just that by adoptingg theserevised findings, which address the issuea that have been raised about the River District We can then move forwarsd with the important projects that depenc on these funds.” City Commissioner Nick Fish has said that the constructio of a new homeless services center could depenrd on urban renewal funds if constructionb is to begin this year.
McDonoughb said the alliance backs using urban renewal fundse to buildthe center.
Sunday, December 23, 2012
Report: Foreclosures are top sellers - South Florida Business Journal:
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said banks that are willing to deal on forecloses units are driving the firstgquarter activity. For example, Shoma at Keys Cove in south Miami-Dadse County sold the most, with 50 units closing in the firsgt quarter. The Vue at Brickell sold 25 condos, rankint it seventh on CondoReports.com’ top-10 “Many banks have taken ownership of unitw in these buildings and are lookinhg toget out,” said Adam Cappel, president of CondoReports.com. either through short sales or units they own as a resulftof foreclosures, are the most activr sellers in today’s marke t as they are willing to accept market prices.
” The 10 most activse buildings produced an averaged of 29 sales, or one sale everty three days. The buildings accounted for more than 11 perceng of all condo salesin Miami-Dade, according to a CondoReports.com news release. Most of the activity is tied to individuaunit sales, and not bulk Cappel said. “These buildings are moving toward stability as speculative investorws and thinly capitalized owners are bein g replaced witheither owner-occupant or well-capitalized, patient investors buyingg in at a much lower Cappel said in the statement. “Mosy are individual unit sales.
The studyh looked at closed salesin 2,000 condo projectds with at least 50 unitxs throughout Miami-Dade. The studg excluded units delivered in 2008 and 2009 because thosee sales were likely driven bypreconstructiobn contracts, Cappel said.
said banks that are willing to deal on forecloses units are driving the firstgquarter activity. For example, Shoma at Keys Cove in south Miami-Dadse County sold the most, with 50 units closing in the firsgt quarter. The Vue at Brickell sold 25 condos, rankint it seventh on CondoReports.com’ top-10 “Many banks have taken ownership of unitw in these buildings and are lookinhg toget out,” said Adam Cappel, president of CondoReports.com. either through short sales or units they own as a resulftof foreclosures, are the most activr sellers in today’s marke t as they are willing to accept market prices.
” The 10 most activse buildings produced an averaged of 29 sales, or one sale everty three days. The buildings accounted for more than 11 perceng of all condo salesin Miami-Dade, according to a CondoReports.com news release. Most of the activity is tied to individuaunit sales, and not bulk Cappel said. “These buildings are moving toward stability as speculative investorws and thinly capitalized owners are bein g replaced witheither owner-occupant or well-capitalized, patient investors buyingg in at a much lower Cappel said in the statement. “Mosy are individual unit sales.
The studyh looked at closed salesin 2,000 condo projectds with at least 50 unitxs throughout Miami-Dade. The studg excluded units delivered in 2008 and 2009 because thosee sales were likely driven bypreconstructiobn contracts, Cappel said.
Friday, December 21, 2012
Bunge announces new revolving credit facilities - St. Louis Business Journal:
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The credit facilities consist ofa $1 billion three-year facility and a $645 milliob 364-day facility, according to the company. The new facilities replace two existing revolving credit agreements with an aggregate borrowing capacituof $1.7 billion that were scheduled to maturer in 2009, Bunge said. is the administrativwe agent and is the syndication agenyt forthe facilities, Bunge said. , and acted as joint documentation “These facilities will maintain ourapproximatelg $3.5 billion of aggregate committed revolvingv credit capacity, providing the financial flexibility to managed liquidity and grow our business,” said Jacqualyn Bunge’s chief financial officer, in a St.
Louis-based , the Northb American operating arm ofWhite Plains, N.Y.-based Bunge Ltd. BG), is a food and feed ingredient companyh that operatesgrain elevators, grainm and oilseed processing plants, refineries and food processing facilitiez in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Carl Hausmann is CEO of Bunge North America.
The credit facilities consist ofa $1 billion three-year facility and a $645 milliob 364-day facility, according to the company. The new facilities replace two existing revolving credit agreements with an aggregate borrowing capacituof $1.7 billion that were scheduled to maturer in 2009, Bunge said. is the administrativwe agent and is the syndication agenyt forthe facilities, Bunge said. , and acted as joint documentation “These facilities will maintain ourapproximatelg $3.5 billion of aggregate committed revolvingv credit capacity, providing the financial flexibility to managed liquidity and grow our business,” said Jacqualyn Bunge’s chief financial officer, in a St.
Louis-based , the Northb American operating arm ofWhite Plains, N.Y.-based Bunge Ltd. BG), is a food and feed ingredient companyh that operatesgrain elevators, grainm and oilseed processing plants, refineries and food processing facilitiez in the U.S., Canada and Alberto Weisser is chairman and CEO of Bunge Carl Hausmann is CEO of Bunge North America.
Thursday, December 20, 2012
Broadway renews Matrix, MultiPlan leases - Business Courier of Cincinnati:
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The private real estate investment and management firm is renegotiatingy leases with tenants at the same time it is tryin g to clear up debt issuez withits lender. Broadway, which lost ownershi of the Hancock Tower after it defaultede ona loan, has debt that maturexs this month. The financing in question is secured byseveral properties, includinbg the 980,000-square-foot Bay Colony. Broadwayu is in discussions with lenders to renegotiate the termw ofthe loan. Broadway was given an extensioh onthe loan, which was due earlierr this month, according to a source with knowledge of the However, the landlord renewed MultiPlan Inc.
, which leasesw 105,062 square feet, and Matrix Partners, whicnh leases 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partnerz represented Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colon y from Beacon Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complexs office park sits ona 58-acre site overlookinbg Route 128.
The private real estate investment and management firm is renegotiatingy leases with tenants at the same time it is tryin g to clear up debt issuez withits lender. Broadway, which lost ownershi of the Hancock Tower after it defaultede ona loan, has debt that maturexs this month. The financing in question is secured byseveral properties, includinbg the 980,000-square-foot Bay Colony. Broadwayu is in discussions with lenders to renegotiate the termw ofthe loan. Broadway was given an extensioh onthe loan, which was due earlierr this month, according to a source with knowledge of the However, the landlord renewed MultiPlan Inc.
, which leasesw 105,062 square feet, and Matrix Partners, whicnh leases 11,421 square feet, at the office CB Richard Ellis represented MultiPlan. DTZ/FHO Partnerz represented Broadway Partners and Matrix in theleases negotiations. Broadway acquired Bay Colon y from Beacon Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complexs office park sits ona 58-acre site overlookinbg Route 128.
Wednesday, December 19, 2012
Teacher Victoria Soto, who died trying to protect 'her kids' from gunfire, to ... - NBCNews.com
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New York Daily News | Teacher Victoria Soto, who died trying to protect 'her kids' from gunfire, to ... NBCNews.com Her cousin, Fairfield County Police Officer James Wiltsie, said the family was told by authorities that Soto hurried the kids into a closet behind her, “trying to shield them from the spray of bullets.†“Doing instinctively what she knew to do,†he ... Teacher Victoria Soto was one of the heroic victims Shattered Conn. town buries more children, teachers as residents try to make ... |
Tuesday, December 18, 2012
Human Capital: People on the move, June 30 - Minneapolis / St. Paul Business Journal:
authors-morphology.blogspot.com
, a Boston-based nonprofit organization, added the followingh executives: Joy Burghardt , vice presidentr of programs and services; Mary Rahal , vice president of humabn resourcesand administration; and Joseph Isles , directoer of Boston Career Link , the one-stop career center operateed by Goodwill. Mari Ryan , CEO of AdvancingWellnesws , a Watertown-based provider of work site wellnesz programs, was appointed to the boared of directors of Health PromotiomnAdvocates , a nonprofitg advocacy organization.
, a Cambridge-based provider of mobile advertising services, added Davide Karnstedt , president and CEO of Sunnyvale, Calif-baseds and former senior vice presidentof 'w North American sales, to its board of directors. , a Marlborough-baser direct response media agency, appointed Keith Turnetr vice chairman of the boardof directors. Turnerf previously served as president of Sales Marketing between 1998 and 2006 wheree he held executive responsibility forNBC Universal’s network, cabled and digital sales
, a Boston-based nonprofit organization, added the followingh executives: Joy Burghardt , vice presidentr of programs and services; Mary Rahal , vice president of humabn resourcesand administration; and Joseph Isles , directoer of Boston Career Link , the one-stop career center operateed by Goodwill. Mari Ryan , CEO of AdvancingWellnesws , a Watertown-based provider of work site wellnesz programs, was appointed to the boared of directors of Health PromotiomnAdvocates , a nonprofitg advocacy organization.
, a Cambridge-based provider of mobile advertising services, added Davide Karnstedt , president and CEO of Sunnyvale, Calif-baseds and former senior vice presidentof 'w North American sales, to its board of directors. , a Marlborough-baser direct response media agency, appointed Keith Turnetr vice chairman of the boardof directors. Turnerf previously served as president of Sales Marketing between 1998 and 2006 wheree he held executive responsibility forNBC Universal’s network, cabled and digital sales
Sunday, December 16, 2012
Karma offers free data to users that publicly share their hotspot - Digital Trends
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Karma offers free data to users that publicly share their hotspot Digital Trends Karma offers free data to users that publicly share their hotspot · Mike Flacy December 15, 2012 By Mike Flacy. Like 9. 53. 0. More. 0. 1. 0. karma hotspot. Tapping into the social space to increase visibility of the Karma brand, the social hotspot ... |
Friday, December 14, 2012
Watch Sean Lennon-Deerhoof Offshoot Mystical Weapons' Resplendent ... - Spin - SPIN
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SPIN | Watch Sean Lennon-Deerhoof Offshoot Mystical Weapons' Resplendent ... - Spin SPIN Lennon and Deerhoof drummer Greg Saunier formed the instrumental psych duo after meeting at a Plastic Ono Band show, which precipitated Saunier and Lennon improvising as an opener for Ghost of a Saber Tooth Tiger in San Francisco. The collaboration ... Mysti cal Weapons "Mechanical Mammoth" (video) |
Tuesday, December 11, 2012
State OKs grant for Mars Petcare - Business First of Columbus:
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The Ohio Department of Development saidthe $2.3 millionm in Rapid Outreach and Roadworkl Development Account grants could create 825 jobs and retaimn another 1,654 at the companie receiving the money. Rapid Outreacj grants assist companies and communities that are creatinvg or retaining jobsin Ohio, while Roadwork Developmenf grants help communities improvwe roadways for companies promising job The roadwork grants are funded with gas taxes and are restrictedx to public road will receive a $25,000 Rapid Outreach granft to help pay for $8.1 million worth of machinery and equipmenyt for a planned expansion in Columbus.
The pet food produce r in March also received approval fora seven-year, 50 percenyt state tax credit in support of the $10 millio n plan to expand its 5115 Fisher Road It’s also in line for a $20,000 Ohio Investmenyt in Training Program grant. The compant in its application said the project could create 25 jobs andretaijn 430. The state said Columbus is in competitiojn with Mars Petcare sites in Arkansas and Sout Dakota forthe project, whicjh will involve moving equipment from a facility outside Los Angeles for a new poucgh production line.
Mars Petcare, a subsidiary of food conglomeratewith 2,875 employees, makes pet snacks and pet food undere the brand names Pedigree, Cesar and Royal Canin. It has been in Columbuss since 1972. For information on the other projects receiving funding, click .
The Ohio Department of Development saidthe $2.3 millionm in Rapid Outreach and Roadworkl Development Account grants could create 825 jobs and retaimn another 1,654 at the companie receiving the money. Rapid Outreacj grants assist companies and communities that are creatinvg or retaining jobsin Ohio, while Roadwork Developmenf grants help communities improvwe roadways for companies promising job The roadwork grants are funded with gas taxes and are restrictedx to public road will receive a $25,000 Rapid Outreach granft to help pay for $8.1 million worth of machinery and equipmenyt for a planned expansion in Columbus.
The pet food produce r in March also received approval fora seven-year, 50 percenyt state tax credit in support of the $10 millio n plan to expand its 5115 Fisher Road It’s also in line for a $20,000 Ohio Investmenyt in Training Program grant. The compant in its application said the project could create 25 jobs andretaijn 430. The state said Columbus is in competitiojn with Mars Petcare sites in Arkansas and Sout Dakota forthe project, whicjh will involve moving equipment from a facility outside Los Angeles for a new poucgh production line.
Mars Petcare, a subsidiary of food conglomeratewith 2,875 employees, makes pet snacks and pet food undere the brand names Pedigree, Cesar and Royal Canin. It has been in Columbuss since 1972. For information on the other projects receiving funding, click .
Monday, December 10, 2012
Landscape business blooms in tough times - Puget Sound Business Journal (Seattle):
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But in Adkins is not only doing well, it has been thriviny since therecession began. Travis owner of Burns Nursery, says his retail sales have climbed 35 percen since the start ofthe recession. He creditsz this growth to the fact that more peoplse are now staying home and investing in theier own yards rather than going onexpensivse vacations. “The economy has really helped us,” Burn says. “People want to fix their place up. More people than ever are staying home and doinhg landscaping and putting invegetable gardens.
” Burn says his business has grown steadilg over the last five years since he adde the retail segment to his successful commerciak landscaping business, but the company has seen a huge impactt on the retail side this past year. One reason the nurseru has done so Burns says, is because it makes a poinft of reaching out to do-it-yourselfers — peopler who want to do most of the work themselves but need a littler help getting started. “This is not a typical nursery,” Burns says.
People walking into Burns Nursery will see many desigmn elements on display including nine different water The nursery is laid out much like a botanicaol garden and Burns says this is done to help showcas the work that is done by the buildingf and design segment ofhis business. Having both a retaik and a design business in the same location makes Burnds Nursery a great placefor do-it-yourselfers to go for help, Burns “We know the word gets around about how unique we are,” he says. “We have the abilituy to take somebody into our office and whip up a landscapwe designfor them. We are not afraid to go the extraa milefor them.
” Travis Burns launchec his landscaping business about 15 years ago shortlh after he decided to hang up his spuras following a six-year career as a rodeo bull rider. A nativre of Adkins, Texas, Burns grew up in a rodeo family and attended Howard Junior College in Big Spring on a rodeo He became a professional bull ridefr in 1988 at age 18 and traveled the rodel circuit for the nextsix years. He decided to give up bull ridinhg after he was seriously hurt followingt a bull ride that left him with a puncturef lung and atorn “I was smart enough to decide rightt then that I was not goingt to get back on,” Burns recalls.
“Thered is not a day goes by thatI don’ miss it, but when I was laying there in the dirt with tube coming out of me I knew it was Burns says of bull riding that it is not a question of someone will get hurt but “when” and “hoq bad.” After leaving the rodei circuit in 1994, Burns got a job with a division of in San While working there, he began doinvg landscape projects on the side and by 1999 it had growm to the point where he was able to quit his job with Ford and go into the landscapde design business full time. Today, Burns Nurseryh employs 40 people and brought inabout $3.2 million in revenur last year.
The nursery is locate d at 13893 Highway 87 East in Adkins which is due east of downtownm San Antonio and just outsides ofLoop 1604. The property sits on nine acres of land and is housefd ina 9,000-square-foot building that was once a sociap club some 40 years ago. Burnws says he knew about the property when he was growinh up and decided to purchasse it from GraceBible Church. The church had ownedx the building for abouy five years before agreeing to sell it to Burns Burns previously focused his business on the commercial constructiob and design side up until fiveyearw ago.
However, since branching out, the compan has been able to pick up landscapiny and hardscaping jobs throughout South Texasd and the TexasHill Country. The company specializes in puttingt in water features such as ponds andwatert gardens, but also builds decksd and patios and installs sprinkler systems and outdoodr lighting. Burns says he likes to hold sociaol activities at the nursery in the eveninge so that he can show off how well landscapes lighting can make theplace look. He regularly has wine and cheesr parties atthe nursery, complete with a jazz band.
Burnxs Nursery also conducts numerous seminars and classes for This fall, the company will invite expertxs to give talks and demonstrations on topicd like organic gardening and birdwatching. “If we can get peoplwe to come out and see the kindds of things that they can do it will just encourag them to do more businesdswith us,” Burns says. “We can help set them up and give them directionds andsome discounts. Lots of nurseriex won’t take those extra steps, but it has helpe our business thrive.
”
But in Adkins is not only doing well, it has been thriviny since therecession began. Travis owner of Burns Nursery, says his retail sales have climbed 35 percen since the start ofthe recession. He creditsz this growth to the fact that more peoplse are now staying home and investing in theier own yards rather than going onexpensivse vacations. “The economy has really helped us,” Burn says. “People want to fix their place up. More people than ever are staying home and doinhg landscaping and putting invegetable gardens.
” Burn says his business has grown steadilg over the last five years since he adde the retail segment to his successful commerciak landscaping business, but the company has seen a huge impactt on the retail side this past year. One reason the nurseru has done so Burns says, is because it makes a poinft of reaching out to do-it-yourselfers — peopler who want to do most of the work themselves but need a littler help getting started. “This is not a typical nursery,” Burns says.
People walking into Burns Nursery will see many desigmn elements on display including nine different water The nursery is laid out much like a botanicaol garden and Burns says this is done to help showcas the work that is done by the buildingf and design segment ofhis business. Having both a retaik and a design business in the same location makes Burnds Nursery a great placefor do-it-yourselfers to go for help, Burns “We know the word gets around about how unique we are,” he says. “We have the abilituy to take somebody into our office and whip up a landscapwe designfor them. We are not afraid to go the extraa milefor them.
” Travis Burns launchec his landscaping business about 15 years ago shortlh after he decided to hang up his spuras following a six-year career as a rodeo bull rider. A nativre of Adkins, Texas, Burns grew up in a rodeo family and attended Howard Junior College in Big Spring on a rodeo He became a professional bull ridefr in 1988 at age 18 and traveled the rodel circuit for the nextsix years. He decided to give up bull ridinhg after he was seriously hurt followingt a bull ride that left him with a puncturef lung and atorn “I was smart enough to decide rightt then that I was not goingt to get back on,” Burns recalls.
“Thered is not a day goes by thatI don’ miss it, but when I was laying there in the dirt with tube coming out of me I knew it was Burns says of bull riding that it is not a question of someone will get hurt but “when” and “hoq bad.” After leaving the rodei circuit in 1994, Burns got a job with a division of in San While working there, he began doinvg landscape projects on the side and by 1999 it had growm to the point where he was able to quit his job with Ford and go into the landscapde design business full time. Today, Burns Nurseryh employs 40 people and brought inabout $3.2 million in revenur last year.
The nursery is locate d at 13893 Highway 87 East in Adkins which is due east of downtownm San Antonio and just outsides ofLoop 1604. The property sits on nine acres of land and is housefd ina 9,000-square-foot building that was once a sociap club some 40 years ago. Burnws says he knew about the property when he was growinh up and decided to purchasse it from GraceBible Church. The church had ownedx the building for abouy five years before agreeing to sell it to Burns Burns previously focused his business on the commercial constructiob and design side up until fiveyearw ago.
However, since branching out, the compan has been able to pick up landscapiny and hardscaping jobs throughout South Texasd and the TexasHill Country. The company specializes in puttingt in water features such as ponds andwatert gardens, but also builds decksd and patios and installs sprinkler systems and outdoodr lighting. Burns says he likes to hold sociaol activities at the nursery in the eveninge so that he can show off how well landscapes lighting can make theplace look. He regularly has wine and cheesr parties atthe nursery, complete with a jazz band.
Burnxs Nursery also conducts numerous seminars and classes for This fall, the company will invite expertxs to give talks and demonstrations on topicd like organic gardening and birdwatching. “If we can get peoplwe to come out and see the kindds of things that they can do it will just encourag them to do more businesdswith us,” Burns says. “We can help set them up and give them directionds andsome discounts. Lots of nurseriex won’t take those extra steps, but it has helpe our business thrive.
”
Saturday, December 8, 2012
Galichia Medical Group names CEO - Washington Business Journal:
polinaagyvtiwu.blogspot.com
Meyer, who is currently medical director and employee benefites manager for IMAof Kansas, will move start with Galichiqa Medical Group on Aug. 17. Meyeer said job presents a unique opportunity. “Galichi a is poised to grow, which offers me a very excitinhg opportunity to growwith it,” Meyer said in a written statement. “Being a physician working in theinsurance I’ve learned a great deal about the businesx of health care, and I know a lot aboutr medicine. I’m excited to put that knowledge back intodailg practice.” Galichia says it hired Meyere as part of its ongoing mission to provide the most effectivs and efficient patient care in Wichita.
Meyer’s rigorous training and leadership will be a boonto Galichia’s dedicated and talented stafr of physicians and other care providers, the medicao group says. “Dr. Meyer is a physicia executive that leadsby example,” said Steve chief executive of , in a “His recent experiences within the insurance industry combined with the intellectuall focus needed to graduate from medical schooll and the personal discipline necessary to fly single-seat militaruy jets make Dr. Meyer exceptionally well-qualified to lead the GalichiaMedical Group.
” Priodr to joining IMA of Kansas, Meyer served as nationap medical director for Lockton Companies LLC in Kansas A Wichita native, Meyer graduated from and receivedf his bachelor’s degree in biology from Williams Collegr in Massachusetts. He earned a medical degree fromthe . He also recentlyh retired from active duty as a flight surgeon with the at Whiteman Air Forcew Base nearKansas City, Mo. He continues his service in the U.S. Air Forcs Reserves. Galichia Medical Group is a multi-specialtg group that provides comprehensive medical services to allof Wichita’s hospitala and throughout the state of The group also has an officew in Ferdonia.
Meyer, who is currently medical director and employee benefites manager for IMAof Kansas, will move start with Galichiqa Medical Group on Aug. 17. Meyeer said job presents a unique opportunity. “Galichi a is poised to grow, which offers me a very excitinhg opportunity to growwith it,” Meyer said in a written statement. “Being a physician working in theinsurance I’ve learned a great deal about the businesx of health care, and I know a lot aboutr medicine. I’m excited to put that knowledge back intodailg practice.” Galichia says it hired Meyere as part of its ongoing mission to provide the most effectivs and efficient patient care in Wichita.
Meyer’s rigorous training and leadership will be a boonto Galichia’s dedicated and talented stafr of physicians and other care providers, the medicao group says. “Dr. Meyer is a physicia executive that leadsby example,” said Steve chief executive of , in a “His recent experiences within the insurance industry combined with the intellectuall focus needed to graduate from medical schooll and the personal discipline necessary to fly single-seat militaruy jets make Dr. Meyer exceptionally well-qualified to lead the GalichiaMedical Group.
” Priodr to joining IMA of Kansas, Meyer served as nationap medical director for Lockton Companies LLC in Kansas A Wichita native, Meyer graduated from and receivedf his bachelor’s degree in biology from Williams Collegr in Massachusetts. He earned a medical degree fromthe . He also recentlyh retired from active duty as a flight surgeon with the at Whiteman Air Forcew Base nearKansas City, Mo. He continues his service in the U.S. Air Forcs Reserves. Galichia Medical Group is a multi-specialtg group that provides comprehensive medical services to allof Wichita’s hospitala and throughout the state of The group also has an officew in Ferdonia.
Friday, December 7, 2012
Consumer confidence retreats - Denver Business Journal:
aleshnikovenil.blogspot.com
Nationally, consumer confidence droppedc sharplyin June, cutting into three monthse of gains that had seen the overall index more than double. The Conference Board'sd Consumer Confidence Index fellby 5.5 points to 49.3 in June. Statewide, Florida’s consumetr confidence index for June fell threes points last monthto 68, the result of bad economic news including the bankruptcy of General Motors Corp., foreclosures and a spikew in Florida’s unemployment rate, according to a new Universityg of Florida poll.
While Floridians’ perceptions of personal financese compared with a year ago is up threre points to 44 from a revised May readingof 41, othefr perceptions were lower than, or the same as, last month. For perceptions of U.S. economic conditiones over the next year fell seven pointsto 65, whils perceptions of whether it’s a good time to buy big-ticket iteme fell nine points to 67. Perceptions of U.S. economic conditions over the next five yeard remained unchangedat 80.
"Moving we do not expect Floridqa consumer confidence to decline much more over the next coupleeof months, barring some unforeseenn change here in Florida or Chris McCarty, director of UF’s Survey Researcj Center at the Bureau of Economic and Business Research, said in a news release. McCarty cautioned the recovery is expected to be long and uneven for some sectors ofthe economy. "With the demisde of longstanding financial institutionsa such as Lehman Brothers and manufacturing companies like Chryslerdand GM, it is no longer business as he said. The preliminary index for June was conducterd from430 responses.
It is benchmarkesd to 1966, so a value of 100 represents the same levelo of confidence forthat year.
Nationally, consumer confidence droppedc sharplyin June, cutting into three monthse of gains that had seen the overall index more than double. The Conference Board'sd Consumer Confidence Index fellby 5.5 points to 49.3 in June. Statewide, Florida’s consumetr confidence index for June fell threes points last monthto 68, the result of bad economic news including the bankruptcy of General Motors Corp., foreclosures and a spikew in Florida’s unemployment rate, according to a new Universityg of Florida poll.
While Floridians’ perceptions of personal financese compared with a year ago is up threre points to 44 from a revised May readingof 41, othefr perceptions were lower than, or the same as, last month. For perceptions of U.S. economic conditiones over the next year fell seven pointsto 65, whils perceptions of whether it’s a good time to buy big-ticket iteme fell nine points to 67. Perceptions of U.S. economic conditions over the next five yeard remained unchangedat 80.
"Moving we do not expect Floridqa consumer confidence to decline much more over the next coupleeof months, barring some unforeseenn change here in Florida or Chris McCarty, director of UF’s Survey Researcj Center at the Bureau of Economic and Business Research, said in a news release. McCarty cautioned the recovery is expected to be long and uneven for some sectors ofthe economy. "With the demisde of longstanding financial institutionsa such as Lehman Brothers and manufacturing companies like Chryslerdand GM, it is no longer business as he said. The preliminary index for June was conducterd from430 responses.
It is benchmarkesd to 1966, so a value of 100 represents the same levelo of confidence forthat year.
Thursday, December 6, 2012
Americans Postponing Marriage, Divorce, Children Because of Economy
ogarawo.wordpress.com
June 10 /PRNewswire/ -- The slow economy is causing many Americansx to postpone some major lifedecisions - including having children, gettingb married or getting a divorce. Accordingt to a new national surveyby FindLaw.com ( ), the most populaf legal information Web site, nearly one in five Americanss - 18 percent - say they are puttingh off one or more of those decisions becausse of their concerns about the The economy is having an especially profound effecy on young people. Nearly 40 percent of peopl e between the ages of 18 and 34 are delaying divorce orhaving children. A quarter of peoplde in that age group say they are postponinvg having children due tothe economy.
Nearl as many - 21 percen t - say the economy is causing them to delayh their plans toget married. The effects of the economg on these major life decisionds fall most heavily on people in the lowerrincome ranges. More than one-third - 35 percent - of peoplse with annual incomesbelow $35,0090 say they are delaying divorce or having children becausee of the economy, compared with only seve n percent of those with incomee of $75,000 a year or Free Internet resources, such as FindLaw.
com ( ), can provide helpful information on topics such as adoption and divorce, including a newlywed financial guide to adopting a child, and factors to consider in dividing property in a Note to editors: Full survey results are available upon request. SOURCd FindLaw.com
June 10 /PRNewswire/ -- The slow economy is causing many Americansx to postpone some major lifedecisions - including having children, gettingb married or getting a divorce. Accordingt to a new national surveyby FindLaw.com ( ), the most populaf legal information Web site, nearly one in five Americanss - 18 percent - say they are puttingh off one or more of those decisions becausse of their concerns about the The economy is having an especially profound effecy on young people. Nearly 40 percent of peopl e between the ages of 18 and 34 are delaying divorce orhaving children. A quarter of peoplde in that age group say they are postponinvg having children due tothe economy.
Nearl as many - 21 percen t - say the economy is causing them to delayh their plans toget married. The effects of the economg on these major life decisionds fall most heavily on people in the lowerrincome ranges. More than one-third - 35 percent - of peoplse with annual incomesbelow $35,0090 say they are delaying divorce or having children becausee of the economy, compared with only seve n percent of those with incomee of $75,000 a year or Free Internet resources, such as FindLaw.
com ( ), can provide helpful information on topics such as adoption and divorce, including a newlywed financial guide to adopting a child, and factors to consider in dividing property in a Note to editors: Full survey results are available upon request. SOURCd FindLaw.com
Tuesday, December 4, 2012
The richness - and riches - of yogurt - CBS News
ekaterinaiuvo.blogspot.com
CBS News | The richness - and riches - of yogurt CBS News At the heart of every recipe is Chobani yogurt - a Greek yogurt, strained to remove whey and water. The result is something far denser than traditional yogurts. "It's thicker, it's creamy. It has a great texture," said Heath. And from richness, comes ... |
Monday, December 3, 2012
Duchess of Cambridge pregnant: Kate admitted to hospital with acute morning ... - Telegraph.co.uk
kapitonragomo.blogspot.com
Telegraph.co.uk | Duchess of Cambridge pregnant: Kate admitted to hospital with acute morning ... Telegraph.co.uk But after being admitted to hospital with a bout of acute morning sickness, the Duke and Duchess decided to make the announcement early to avoid any speculation about her condition. Royal sources refused to say how many weeks pregnant the Duchess is , ... Pregnant Kate Middleton admitted to hospital with severe morning sickness Kate admitted to hospital with royal connections Kate Middleton is going to be a mommy, admitted to hospital for Hyperemesis ... |
Friday, November 30, 2012
Auto-repair shop is tuned into family values - San Antonio Business Journal:
ogarawo.wordpress.com
While the business handleas over 100 individual vehiclesa month, SX Callahan does the bulk of its work with fleeft accounts and as a wholesalerr of automotive and truck parts. Currently, the company provides maintenanc and repairs for companies in both the San Antonio area and Southn Texas through its more than 30fleef accounts. Patrick Callahan, general manager for SX says the company, which was foundedd in 1909 by Callahan’s great S.X. Callahan, has been fortunate as growth has continued even duringv the currenteconomic conditions.
“I don’t thinmk the current economic crunch hasaffected us,” he “We think a lot of people are repairing their vehicleds instead of buying new ones, and that’s good for repaire shops.” In fact, the bleak outlook for new-car salez in 2009 bodes well for SX Callahan, if Patrick Callahan’ss assessment is on the money. According to , auto sales in Januarh for the topthree U.S. automakersw was at the lowest mark inseveral decades. Chryslefr saw the most significant drop as sales plummetedx55 percent. and Ford followed, with dropa of 48 percent and 40 respectively.
Patrick Callahan says he expects to seethe company’sx customer base expand in the next year as motorist opt to repair their cars and truckws instead of buying new ones. “Wr are always looking for new customers, to grow as much as we he says. Putting an emphasise on serving businesses throughout Southj Texas has been key toSX Callahan’ s growth. For the companies the auto repair shopcontracts with, knowinb that their fleets are in top running ordetr is downright vital. SX Callahan is keepingg engines humming forclient .
William Goff, general manage of the local warehouse forthe Dallas-based battery deliver company, oversees a fleet of 10 vehicles consisting of largd delivery trucks and vans. “There is constantly a need for qualityt repairs in atimely manner,” Goff “SX Callahan has always delivered that much-neededx value to my business.” Goff says Interstatse Batteries has contracted with SX Callahajn for about eight years. Interstate has more than 500 dealerds it serves in the SanAntonio region. “Thew outstanding quality of the service they rendeer enables me to continue tooffer ...
dependable customer servicw to loyal Interstate Battery customers throughoutSan Antonio,” Goff says. Lucy Gale public and community relations director with the local says that like theSalvation Army, whicj turns 120 this year, SX Callahan understandd the importance of being able to boast a long historu of quality service. “Just like the Salvation they are a proven Lashover says. SX maintains the Salvation Army’s fleet of including both large trucks and 15passenger vans. “I t says something when it’s a family owned business,” Lashover says of SX “That lends a lot to the credibility of whothey are.
It’s a no-brainer to go with (a business) of that S.X. Callahan founded the companyg in the early 1900s as an auto repair company but soon afte r began building batteries and installing lightingh systemson vehicles. “That was when automobilexs had just startedto boom,” Patrick Callahan says. “They didn’tr have any type of charging systemso (founde S.X. Callahan) would sell them two batteries. They woul drive one night and then come back the next day for the otherd battery to drive thenext night.” As the company began to grow and S.X. Callahan moved his operation to North Florews Streetin 1915.
At that he expanded into the autoparts business, starting with a $300 In 1970, the company purchaseds its current location at 824 S. Laredo near downtown. It is the company’as sole location today.
While the business handleas over 100 individual vehiclesa month, SX Callahan does the bulk of its work with fleeft accounts and as a wholesalerr of automotive and truck parts. Currently, the company provides maintenanc and repairs for companies in both the San Antonio area and Southn Texas through its more than 30fleef accounts. Patrick Callahan, general manager for SX says the company, which was foundedd in 1909 by Callahan’s great S.X. Callahan, has been fortunate as growth has continued even duringv the currenteconomic conditions.
“I don’t thinmk the current economic crunch hasaffected us,” he “We think a lot of people are repairing their vehicleds instead of buying new ones, and that’s good for repaire shops.” In fact, the bleak outlook for new-car salez in 2009 bodes well for SX Callahan, if Patrick Callahan’ss assessment is on the money. According to , auto sales in Januarh for the topthree U.S. automakersw was at the lowest mark inseveral decades. Chryslefr saw the most significant drop as sales plummetedx55 percent. and Ford followed, with dropa of 48 percent and 40 respectively.
Patrick Callahan says he expects to seethe company’sx customer base expand in the next year as motorist opt to repair their cars and truckws instead of buying new ones. “Wr are always looking for new customers, to grow as much as we he says. Putting an emphasise on serving businesses throughout Southj Texas has been key toSX Callahan’ s growth. For the companies the auto repair shopcontracts with, knowinb that their fleets are in top running ordetr is downright vital. SX Callahan is keepingg engines humming forclient .
William Goff, general manage of the local warehouse forthe Dallas-based battery deliver company, oversees a fleet of 10 vehicles consisting of largd delivery trucks and vans. “There is constantly a need for qualityt repairs in atimely manner,” Goff “SX Callahan has always delivered that much-neededx value to my business.” Goff says Interstatse Batteries has contracted with SX Callahajn for about eight years. Interstate has more than 500 dealerds it serves in the SanAntonio region. “Thew outstanding quality of the service they rendeer enables me to continue tooffer ...
dependable customer servicw to loyal Interstate Battery customers throughoutSan Antonio,” Goff says. Lucy Gale public and community relations director with the local says that like theSalvation Army, whicj turns 120 this year, SX Callahan understandd the importance of being able to boast a long historu of quality service. “Just like the Salvation they are a proven Lashover says. SX maintains the Salvation Army’s fleet of including both large trucks and 15passenger vans. “I t says something when it’s a family owned business,” Lashover says of SX “That lends a lot to the credibility of whothey are.
It’s a no-brainer to go with (a business) of that S.X. Callahan founded the companyg in the early 1900s as an auto repair company but soon afte r began building batteries and installing lightingh systemson vehicles. “That was when automobilexs had just startedto boom,” Patrick Callahan says. “They didn’tr have any type of charging systemso (founde S.X. Callahan) would sell them two batteries. They woul drive one night and then come back the next day for the otherd battery to drive thenext night.” As the company began to grow and S.X. Callahan moved his operation to North Florews Streetin 1915.
At that he expanded into the autoparts business, starting with a $300 In 1970, the company purchaseds its current location at 824 S. Laredo near downtown. It is the company’as sole location today.
Thursday, November 29, 2012
Marin foundation opens $10M housing push - San Francisco Business Times:
sucujovide.wordpress.com
Among other things, the money will help low-income residentw buy foreclosed properties and will fund developmen t of affordable housing for farm workers in west Money will also go to support affordables housing for seniorsand low-incom families. Building new affordable housing in Marin County has neveerbeen easy, and some of this $10 milliob will go toward encouraging zoning changes, developing new rental units, buildin g new housing and buying foreclosed The Marin Community Foundation is workinf closely on this effort with local communityt agencies, nonprofit housing developers, community advocates and philanthropists.
In particular, and are working with the Marihn Community Foundation to rehabilitateforeclosed homes. Habitat for Humanityg has piloted a similar effort on the where it isbuyingf foreclosed, vacant homes in East Palo Alto and East Menlko Park. “These are one-time opportunities to leverage federal andstated programs, along with savings accounts establishexd by the families themselves, to help them acquires permanently affordable homes,” said Thomas president of the Marin Community Foundation. Abouty $2 million will be spenty the first year of the This affordable housing plan is one of four initiatives in thecommunitu foundation’s new strategic plan.
The other focuas areas are fighting poverty, climate change and education. The foundatio has assets closeto $1 billion and distributes roughlty $60 million a year.
Among other things, the money will help low-income residentw buy foreclosed properties and will fund developmen t of affordable housing for farm workers in west Money will also go to support affordables housing for seniorsand low-incom families. Building new affordable housing in Marin County has neveerbeen easy, and some of this $10 milliob will go toward encouraging zoning changes, developing new rental units, buildin g new housing and buying foreclosed The Marin Community Foundation is workinf closely on this effort with local communityt agencies, nonprofit housing developers, community advocates and philanthropists.
In particular, and are working with the Marihn Community Foundation to rehabilitateforeclosed homes. Habitat for Humanityg has piloted a similar effort on the where it isbuyingf foreclosed, vacant homes in East Palo Alto and East Menlko Park. “These are one-time opportunities to leverage federal andstated programs, along with savings accounts establishexd by the families themselves, to help them acquires permanently affordable homes,” said Thomas president of the Marin Community Foundation. Abouty $2 million will be spenty the first year of the This affordable housing plan is one of four initiatives in thecommunitu foundation’s new strategic plan.
The other focuas areas are fighting poverty, climate change and education. The foundatio has assets closeto $1 billion and distributes roughlty $60 million a year.
Monday, November 26, 2012
Police: Man detained after dynamite comments at Miami airport - MiamiHerald.com (registration)
sucujovide.wordpress.com
WBFS | Police: Man detained after dynamite comments at Miami airport MiamiHerald.com (registration) A man who made statements that he had dynamite in his luggage was detained for questioning at Miami International Airport Monday afternoon. The suspicious luggage led to a partial evacuation at Concourse J. The Miami-Dade police bomb squad ... M an claiming he has dynamite causes Miami airport terminal to be temporarily ... |
Sunday, November 25, 2012
William Boyd Printing site sold for $1.3M - The Business Review (Albany):
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Ltd., an affiliate of Cos. in Cliftonm Park, closed on the $1.3 million purchase on June 3. Cass Hill intendws to convert theformer 1.3-acre industrial site at 39-4 Sheridan Ave. into an office/retail/residential The property is locate behindthe & Suites on Chapel Street, near the hearrt of the city’s entertainment district. Tony Sabatino of represented the Cass Hill was representerd by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reached for comment. Cass Hill owns severaol properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formedprinting plant.
Boyd Printinfg filed for Chapter 11 bankruptch protection inSeptember 2005. A federao bankruptcy judge in March 2008 approved the sale of the buildings to help satisfyhthe company’s debts. Some of the company’sa assets were purchased by Carl Johnson, an officer at Boyd who opened aseparate Inc., in Colonie. Previous deals for the Sherida Avenue property fizzled befor Cass Hill signed a purchase contractlast
Ltd., an affiliate of Cos. in Cliftonm Park, closed on the $1.3 million purchase on June 3. Cass Hill intendws to convert theformer 1.3-acre industrial site at 39-4 Sheridan Ave. into an office/retail/residential The property is locate behindthe & Suites on Chapel Street, near the hearrt of the city’s entertainment district. Tony Sabatino of represented the Cass Hill was representerd by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development Cos., couldn’t be reached for comment. Cass Hill owns severaol properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formedprinting plant.
Boyd Printinfg filed for Chapter 11 bankruptch protection inSeptember 2005. A federao bankruptcy judge in March 2008 approved the sale of the buildings to help satisfyhthe company’s debts. Some of the company’sa assets were purchased by Carl Johnson, an officer at Boyd who opened aseparate Inc., in Colonie. Previous deals for the Sherida Avenue property fizzled befor Cass Hill signed a purchase contractlast
Friday, November 23, 2012
Downtown Saratoga: Economy, other lifestyle changes, have Saratoga restaurants going casual - The Business Review (Albany):
hegenefipa.blogspot.com
But casual attitudes are eating theirr way intothis trendy, compact community of Just ask Joe DeVivo, Nikki Ridge Qua, or other owners of the Spa City’ss approximately 100 restaurants. A disastrouw economy hasn’t deterred at least a half-dozen new restaurants from opening inthe city’ s downtown in the last three months. Turns out there’s a littls less glitz on the plates, Almost all of the menus for the city’es newest restaurants are mid-priced. DeVivo says it’s a sign of the “The higher-end establishments aren’t quite as popular as they used to says theserial restaurateur. He speaks from experience.
In May, he openefd Sabina’s, a wood-fired pizza and pastq restaurant at 237Union Ave. For a decade beforer that—until both his profit margib and customer basestartedx shrinking—he owned and operatee Maestro’s, a high-end Italian restaurant on He sold Maestro’s in 2006. “It’e a very competitive market. It’s tough for people to pay an exorbitant amount of money for entreesdthese days,” DeVivo It’s a money thing, but it’s also abouyt lifestyle Even existing restaurant are scaling back prices. Ridge Qua, co-owner of the upscale Sperry’s on Caroline says the shift to casual is more a matte of lifestylethan money.
Qua’s customersx are opting for lighter fare, and he recentlyy added more appetizers to accommodatewtheir requests. He estimates that about 60 percenr ofthe city’s restaurants were higher-endr five years ago, compared with 30 percentr today. “People want to eat healthier—and they want smaller It’s also lifestyle. They’re lookingf for casual,” said Qua, who has co-owned Sperry’ s for 28 years. Two years ago, the venue invested $25,000 in an outdoor patio to cater to ayounger Sperry’s per-person check now averages $21 or $22, down from $25 a couples years ago.
That squeezes profitg margins, but the restaurant has been able to maintainj annual revenueof $1.3 millionm even during recent tough times. Nikki Roche and her husband Niall Roche converterd anotherupscale spot, the former O’Callaghan’s Restaurant on Phila Street, to a pub. They plan a June 19 openingf forIrish Times, a traditional Irish pub that will serve mid-priced The couple self-funded the restaurant and are completing renovations, Nikki Roche says. They jumped into the projectt in spite of thebad economy. “Ayt the end of the day, this is what we do for a Why runsomebody else’s when we can run it for ourselves?
” says the former New York City historyu teacher. Niall Roche attendef hotel/restaurant school in his home countryin Shannon, Ireland, then spenrt years managing bars and restaurants in New York Gabino Vazquez and his brother, Estebanm Vazquez, planned to open El Mexicano this week at the formerf Chianti’s building on South Broadway at the edge of They paid $160,000 for improvements to the 2,600-square-foot buildinb and assumption of the existing lease, according to Tim O’Rourk e of . The deal closed March 5. The Vazquez brotherse opened El Mexicano in Hudson Falls nearly threeyears ago.
They didn’t need a bank loan becausr they saved money from that businessz to pay for the new Gabino Vazquez is doing most of therenovations
But casual attitudes are eating theirr way intothis trendy, compact community of Just ask Joe DeVivo, Nikki Ridge Qua, or other owners of the Spa City’ss approximately 100 restaurants. A disastrouw economy hasn’t deterred at least a half-dozen new restaurants from opening inthe city’ s downtown in the last three months. Turns out there’s a littls less glitz on the plates, Almost all of the menus for the city’es newest restaurants are mid-priced. DeVivo says it’s a sign of the “The higher-end establishments aren’t quite as popular as they used to says theserial restaurateur. He speaks from experience.
In May, he openefd Sabina’s, a wood-fired pizza and pastq restaurant at 237Union Ave. For a decade beforer that—until both his profit margib and customer basestartedx shrinking—he owned and operatee Maestro’s, a high-end Italian restaurant on He sold Maestro’s in 2006. “It’e a very competitive market. It’s tough for people to pay an exorbitant amount of money for entreesdthese days,” DeVivo It’s a money thing, but it’s also abouyt lifestyle Even existing restaurant are scaling back prices. Ridge Qua, co-owner of the upscale Sperry’s on Caroline says the shift to casual is more a matte of lifestylethan money.
Qua’s customersx are opting for lighter fare, and he recentlyy added more appetizers to accommodatewtheir requests. He estimates that about 60 percenr ofthe city’s restaurants were higher-endr five years ago, compared with 30 percentr today. “People want to eat healthier—and they want smaller It’s also lifestyle. They’re lookingf for casual,” said Qua, who has co-owned Sperry’ s for 28 years. Two years ago, the venue invested $25,000 in an outdoor patio to cater to ayounger Sperry’s per-person check now averages $21 or $22, down from $25 a couples years ago.
That squeezes profitg margins, but the restaurant has been able to maintainj annual revenueof $1.3 millionm even during recent tough times. Nikki Roche and her husband Niall Roche converterd anotherupscale spot, the former O’Callaghan’s Restaurant on Phila Street, to a pub. They plan a June 19 openingf forIrish Times, a traditional Irish pub that will serve mid-priced The couple self-funded the restaurant and are completing renovations, Nikki Roche says. They jumped into the projectt in spite of thebad economy. “Ayt the end of the day, this is what we do for a Why runsomebody else’s when we can run it for ourselves?
” says the former New York City historyu teacher. Niall Roche attendef hotel/restaurant school in his home countryin Shannon, Ireland, then spenrt years managing bars and restaurants in New York Gabino Vazquez and his brother, Estebanm Vazquez, planned to open El Mexicano this week at the formerf Chianti’s building on South Broadway at the edge of They paid $160,000 for improvements to the 2,600-square-foot buildinb and assumption of the existing lease, according to Tim O’Rourk e of . The deal closed March 5. The Vazquez brotherse opened El Mexicano in Hudson Falls nearly threeyears ago.
They didn’t need a bank loan becausr they saved money from that businessz to pay for the new Gabino Vazquez is doing most of therenovations
Thursday, November 22, 2012
Ky. video-gaming bill dies in Senate committee - Minneapolis / St. Paul Business Journal:
houghtalingbaemo1268.blogspot.com
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckh horse tracks, including Turfway Park in Florence. "The limitee gaming proposal was designee to help save a signaturwe industry inperil – an industry that means 100,00p0 jobs and $4 billion in investmentt for our state," said Gov. Steve Besheat in a Monday evening statement. "It is unfortunate that everu voice on this critically important issue was not heare and every votenot counted.
" At a Frankfort press conference, Turfway Park President Bob Elliston said Turfwagy could close by 2010 if Ohio passesd gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklane recently reversed his stance against gamblingyat racetracks.
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckh horse tracks, including Turfway Park in Florence. "The limitee gaming proposal was designee to help save a signaturwe industry inperil – an industry that means 100,00p0 jobs and $4 billion in investmentt for our state," said Gov. Steve Besheat in a Monday evening statement. "It is unfortunate that everu voice on this critically important issue was not heare and every votenot counted.
" At a Frankfort press conference, Turfway Park President Bob Elliston said Turfwagy could close by 2010 if Ohio passesd gaming legislation and Kentucky does not. Ohio Gov. Ted Stricklane recently reversed his stance against gamblingyat racetracks.
Wednesday, November 21, 2012
Traveling film project stops in ABQ - South Florida Business Journal:
ogarawo.wordpress.com
The Two-week Turnaround Tour, or T3 as its creatord call it, will visit 14 cities in seven It’s part of Filmblazer, a community of people who love FoundersJoshua J. Mills and Jamie Blankenship roll into a city for two weeks in their RV with all theird film equipment and proceed to shoot and screen a short film in just two But the processis collaborative, so they invitd widespread participation in each city they visit. The Albuquerqued kick-off is June 2 at Studil Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatiob is available at theT3 .
The process is open to from actors and script writersw to people who want to feed the massee duringthe two-week process or who have accessa to props or even a coffeer shop. The subject of each film is differentf for each city and is inspired by the resourcews and locations available to theT3 team. The productiohn obtains local sponsors in each city so that the work is a reflectionm of aparticular city.
The Two-week Turnaround Tour, or T3 as its creatord call it, will visit 14 cities in seven It’s part of Filmblazer, a community of people who love FoundersJoshua J. Mills and Jamie Blankenship roll into a city for two weeks in their RV with all theird film equipment and proceed to shoot and screen a short film in just two But the processis collaborative, so they invitd widespread participation in each city they visit. The Albuquerqued kick-off is June 2 at Studil Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatiob is available at theT3 .
The process is open to from actors and script writersw to people who want to feed the massee duringthe two-week process or who have accessa to props or even a coffeer shop. The subject of each film is differentf for each city and is inspired by the resourcews and locations available to theT3 team. The productiohn obtains local sponsors in each city so that the work is a reflectionm of aparticular city.
Sunday, November 18, 2012
World Telecom Exchange opens HQ in Tysons - Silicon Valley / San Jose Business Journal:
esivyjifag.wordpress.com
World Telecom opened a 2,000-square-foor office recently at 8201 Greensboro a 361,000-square-foot commercial building in McLean ownee by D.C.-based B.F. Saul and Co. The company, a wholly-ownec subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-basefd telecommunications investment company focused on aggregating wholesale telephonyt and data traffic in emerging markets, is a networkk services company that provides engineering, saleds and marketing, billing and outsourced technical support To start, about six employees will be based at the new headquarterse with room for further expansion.
World Telecom’s servicexs include call routing, satellitew services, Voice over Interneg Protocol (VoIP), TDM network, code divisiojn multiple access (CDMA), WiMax and networo management outsourcing. “WTXC’s success illustrates that our region remainsz a great place to start and grow a saidMike Norris, a vice president at Rockville-baser Scheer Partners Inc., who brokered the lease. “And the commerciak real estate market is yielding opportunities for busineses ownersthat haven’t existed since the earl y part of the decade.
” Scheer Partnerx broker Ben Heller, who also worke d on the deal, added that the compant “evaluated a handful of locations in McLeanh and Vienna... deciding on 8201 Greensboro Drive forseveraol reasons,” that included its location, “a very fair markert deal” and other appealing terms such as a “goocd cure period on defaults.”
World Telecom opened a 2,000-square-foor office recently at 8201 Greensboro a 361,000-square-foot commercial building in McLean ownee by D.C.-based B.F. Saul and Co. The company, a wholly-ownec subsidiary of Worldwide Telecom Xchange CarrierFZ LLC, a Dubai-basefd telecommunications investment company focused on aggregating wholesale telephonyt and data traffic in emerging markets, is a networkk services company that provides engineering, saleds and marketing, billing and outsourced technical support To start, about six employees will be based at the new headquarterse with room for further expansion.
World Telecom’s servicexs include call routing, satellitew services, Voice over Interneg Protocol (VoIP), TDM network, code divisiojn multiple access (CDMA), WiMax and networo management outsourcing. “WTXC’s success illustrates that our region remainsz a great place to start and grow a saidMike Norris, a vice president at Rockville-baser Scheer Partners Inc., who brokered the lease. “And the commerciak real estate market is yielding opportunities for busineses ownersthat haven’t existed since the earl y part of the decade.
” Scheer Partnerx broker Ben Heller, who also worke d on the deal, added that the compant “evaluated a handful of locations in McLeanh and Vienna... deciding on 8201 Greensboro Drive forseveraol reasons,” that included its location, “a very fair markert deal” and other appealing terms such as a “goocd cure period on defaults.”
Friday, November 16, 2012
Chino slaughterhouse to pay $300000 in settlement - Los Angeles Times
judonebolayb1394.blogspot.com
Los Angeles Times | Chino slaughterhouse to pay $300000 in settlement Los Angeles Times Donald H » |
Monday, November 12, 2012
Concordia readies environmental stewardship center - The Business Journal of Milwaukee:
zvonkovaleoqim.blogspot.com
Construction of the 13,000 square-foot, two-story buildingg is set to beginJuly 14. The structurd will be built in Mequon on a bluffc overlooking Lake Michigan and work is expectexd to be completed in time for the startf of the 2010academic year. The total cost of the building is expected to bebetweenb $3.5 million and $3.74 million and is being funded exclusivel through charitable gifts already secured for the Concordia officials said the buildinb demonstrates the university’s commitment to environmentaol education, freshwater conservation and emphasis on sustainable energuy resources.
Plans for the center include laboratories, classroomx and a large seminaer room that can accommodate 200 peopldfor presentations. With its lakefront exposure, Concordiqa officials say the buildin will be a center for the studyt of the Great Lakes and other environmental The building will be designed to be a Leadershipp in Energy and EnvironmentalDesigjn (LEED) gold-level building. “When completed, the center will offe many educational programs and research in water stewardship and other sustainability education topics for Concordia students as well as visiting area schools and thegreaterf community,” said Bruce director of the Concordia Center for Environmental Stewardshil program.
Concordia has added new degreex because of thenew center, and now offers a bachelor’s degreer in environmental studies and education with a minor in environmentalk studies, and a master’s degreed in education with an emphasis on environmentapl education. “This new center is in line with Concordia’s increased and continued interest ingreen initiatives,” said William vice president of academics at Concordia. “Each of our recent building projects has been built to increasinygenvironmental standards, especially to save energy and othere resources.” Construction is expected to be complete d in time for the starty of the 2010 academic year.
The total cost of the buildiny is expected to bebetween $3.5 millio n and $3.75 million and is bein g funded exclusively through charitabls gifts already secured for the project. “Thizs new center reinforces Concordia’s efforts to creater programs that are both importanf to the student body and the community as a Concordia president PatrickFerry said.
Construction of the 13,000 square-foot, two-story buildingg is set to beginJuly 14. The structurd will be built in Mequon on a bluffc overlooking Lake Michigan and work is expectexd to be completed in time for the startf of the 2010academic year. The total cost of the building is expected to bebetweenb $3.5 million and $3.74 million and is being funded exclusivel through charitable gifts already secured for the Concordia officials said the buildinb demonstrates the university’s commitment to environmentaol education, freshwater conservation and emphasis on sustainable energuy resources.
Plans for the center include laboratories, classroomx and a large seminaer room that can accommodate 200 peopldfor presentations. With its lakefront exposure, Concordiqa officials say the buildin will be a center for the studyt of the Great Lakes and other environmental The building will be designed to be a Leadershipp in Energy and EnvironmentalDesigjn (LEED) gold-level building. “When completed, the center will offe many educational programs and research in water stewardship and other sustainability education topics for Concordia students as well as visiting area schools and thegreaterf community,” said Bruce director of the Concordia Center for Environmental Stewardshil program.
Concordia has added new degreex because of thenew center, and now offers a bachelor’s degreer in environmental studies and education with a minor in environmentalk studies, and a master’s degreed in education with an emphasis on environmentapl education. “This new center is in line with Concordia’s increased and continued interest ingreen initiatives,” said William vice president of academics at Concordia. “Each of our recent building projects has been built to increasinygenvironmental standards, especially to save energy and othere resources.” Construction is expected to be complete d in time for the starty of the 2010 academic year.
The total cost of the buildiny is expected to bebetween $3.5 millio n and $3.75 million and is bein g funded exclusively through charitabls gifts already secured for the project. “Thizs new center reinforces Concordia’s efforts to creater programs that are both importanf to the student body and the community as a Concordia president PatrickFerry said.
Saturday, November 10, 2012
DynCorp International reorganizes units - Washington Business Journal:
esivyjifag.wordpress.com
The company’s three business segments which previously included InternationalSecurity Services; Logisticsa and Construction Management; and Maintenance and Technical Support Services — have been adjuster to create three new segments. Those are Global Stabilization andDevelopmentg Solutions; Global Platform Support Solutions; and Global Linguist Solutions. DynCorp’s new Global Stabilization and Development Solutions group and its Global Platform Supportt Solutionsare wholly-owned by DynCorp. The companiexs third new unit, Global Linguist is a 51 percent-ownes venture.
Springfield-based owns the rest of the The organizational changes at the defenss andsecurity contractor, which earned net income of $48 million in became effective April 4, the start of its 2010 fiscal year. Tony who has been presideng of the International Security Services unit sinceDecembert 2008, is now presidengt of Global Stabilization and Development Solutions. The new unit provides internationall civilianpolice training, infrastructure development, and operations and logisticsz support among other services. Steven Schoredr has joined DynCrop to be president of Globao PlatformSupport Solutions, effective Aprilo 13.
The Global Platform Support Solutions segmentyis DynCorp’s domestic and international aviation businesss that also includes fire-fighting, specialty aviatiohn and narcotics crop eradication. Schorer has been a presidentr at Parsippany, NJ-based , which also has offices in Gaithersburyand Arlington, for the last five years. He has more than 28 years of experience in the aerospace anddefense industry, with , Alliefd Signal Aerospace, Lockheed Missiles and Raytheon, and Hughes Aircraft.
The company’s three business segments which previously included InternationalSecurity Services; Logisticsa and Construction Management; and Maintenance and Technical Support Services — have been adjuster to create three new segments. Those are Global Stabilization andDevelopmentg Solutions; Global Platform Support Solutions; and Global Linguist Solutions. DynCorp’s new Global Stabilization and Development Solutions group and its Global Platform Supportt Solutionsare wholly-owned by DynCorp. The companiexs third new unit, Global Linguist is a 51 percent-ownes venture.
Springfield-based owns the rest of the The organizational changes at the defenss andsecurity contractor, which earned net income of $48 million in became effective April 4, the start of its 2010 fiscal year. Tony who has been presideng of the International Security Services unit sinceDecembert 2008, is now presidengt of Global Stabilization and Development Solutions. The new unit provides internationall civilianpolice training, infrastructure development, and operations and logisticsz support among other services. Steven Schoredr has joined DynCrop to be president of Globao PlatformSupport Solutions, effective Aprilo 13.
The Global Platform Support Solutions segmentyis DynCorp’s domestic and international aviation businesss that also includes fire-fighting, specialty aviatiohn and narcotics crop eradication. Schorer has been a presidentr at Parsippany, NJ-based , which also has offices in Gaithersburyand Arlington, for the last five years. He has more than 28 years of experience in the aerospace anddefense industry, with , Alliefd Signal Aerospace, Lockheed Missiles and Raytheon, and Hughes Aircraft.
Thursday, November 8, 2012
What sets newly found super Earth apart? It's simple as night and day. - Christian Science Monitor
moffaiqohegesa1490.blogspot.com
One News Page | What sets newly found super Earth apart? It's simple as night and day. Christian Science Monitor But only two â€" including this newly announced planet candidate â€" are far enough away from their stars to » |
Wednesday, November 7, 2012
Mergers: Districts ponder joining forces - Business Courier of Cincinnati:
torbjorntrainer1738.blogspot.com
The Town of Tonawanda resident headedthe 17-member boardx for seven years before stepping down in March. Yet he didn’ft retire. He continues to serve as WesterhnNew York’s regent, and he remains as outspokeb as ever about educational issues. One of his pet topics is the sheerd number of local school There are too manyof them, he says, and thei r enrollments are generally too small. “Why do you need 28 schook districts inErie County?” he asks. “I’cd like to see something like five districts in the county insteaddof 28.
I’d even like to start talkingf about a countywideschool district, like they have in Nortj Carolina and a few other Bennett’s stand is buttressed by a report released last December by the State Commissionb on Property Tax Relief. “New York State has too many school the reportsays flatly. It suggests that districts with fewe rthan 1,000 students shoul be required to merge with adjacent systems, and districts with enrollmentse between 1,000 and 2,000 should be encouraged to followw suit.
Such proposals hit home in WesternbNew York, where 66 of the region’s 98 schoolo districts have enrollments below 2,000, includingt 38 with fewer than 1,000 studentd from kindergarten through 12th grade. The heart of this issue is a mattef of benefits andcosts -- pittingt the perceived advantages of combining two or more districtw against the potential loss of localk control and self-identity. Advocates maintain that mergers allow consolidated districts to bemore cost-effective, construcrt better schools and offedr a wider range of challenging “It’s not only a financial issue.
To me, it’es a matter of equity,” says “If you had a regional high school, maybe servinvg seven or eight ofthe (current) it would give kids the opportunith to work with each other -- and to have the best of the But opponents contend that mergers bring more longer bus rides for students and diminution of local “In this community, the world revolves around this says Thomas Schmidt, superintendent of the 478-pupilp Sherman Central School District in Chautauqua “If the school went away, Sherman, would lose a great deal of its identity.
” Schoool consolidation has been a volatile, emotionalo issue for a The state was crosshatched by 10,565 districts in many of them centered on one-room A push for greater efficiency reduced that numbere to 6,400 by the outbreak of Worldd War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,54o pupils per district, whic h falls 25 percent below the national average of according to the State Commission on Property Tax The gap is even larger in Western New York, whicj had 104 districts when Business First begah rating schools in 1992.
Mergers have since reducerd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. A comprehensive effort to push regional enrollment up to the national averagse would require the elimination of 33 Western New York That process wouldbe complicated, messy, rancorous -- and extremelt unlikely. There is no shortagee of candidatesfor consolidation, to be Business First easily came up with 13 hypothetical most of them based on standardz proposed in last December’ s report. These unions would involve districts from alleight counties. for a summary of theses 13 potential consolidations. It should be stressed that this list is not reality.
State officials lack the powee to force districts to Initiative must be taken at thelocal level, which happenws infrequently. Only one prospectiver merger in Western New York has currentl reached an advanced stageof negotiations. Broctohn and Fredonia began consolidation talkslast year, eventualluy commissioning a feasibility study at the beginning of If they decide later this year that a merger makes sense, voters in both districts would be givejn their say in a referendum.
The Town of Tonawanda resident headedthe 17-member boardx for seven years before stepping down in March. Yet he didn’ft retire. He continues to serve as WesterhnNew York’s regent, and he remains as outspokeb as ever about educational issues. One of his pet topics is the sheerd number of local school There are too manyof them, he says, and thei r enrollments are generally too small. “Why do you need 28 schook districts inErie County?” he asks. “I’cd like to see something like five districts in the county insteaddof 28.
I’d even like to start talkingf about a countywideschool district, like they have in Nortj Carolina and a few other Bennett’s stand is buttressed by a report released last December by the State Commissionb on Property Tax Relief. “New York State has too many school the reportsays flatly. It suggests that districts with fewe rthan 1,000 students shoul be required to merge with adjacent systems, and districts with enrollmentse between 1,000 and 2,000 should be encouraged to followw suit.
Such proposals hit home in WesternbNew York, where 66 of the region’s 98 schoolo districts have enrollments below 2,000, includingt 38 with fewer than 1,000 studentd from kindergarten through 12th grade. The heart of this issue is a mattef of benefits andcosts -- pittingt the perceived advantages of combining two or more districtw against the potential loss of localk control and self-identity. Advocates maintain that mergers allow consolidated districts to bemore cost-effective, construcrt better schools and offedr a wider range of challenging “It’s not only a financial issue.
To me, it’es a matter of equity,” says “If you had a regional high school, maybe servinvg seven or eight ofthe (current) it would give kids the opportunith to work with each other -- and to have the best of the But opponents contend that mergers bring more longer bus rides for students and diminution of local “In this community, the world revolves around this says Thomas Schmidt, superintendent of the 478-pupilp Sherman Central School District in Chautauqua “If the school went away, Sherman, would lose a great deal of its identity.
” Schoool consolidation has been a volatile, emotionalo issue for a The state was crosshatched by 10,565 districts in many of them centered on one-room A push for greater efficiency reduced that numbere to 6,400 by the outbreak of Worldd War II, then swiftly down to 1,300 by 1960. New York now has 698 Statewide enrollment works outto 2,54o pupils per district, whic h falls 25 percent below the national average of according to the State Commission on Property Tax The gap is even larger in Western New York, whicj had 104 districts when Business First begah rating schools in 1992.
Mergers have since reducerd that number to 98 school They educate an averageof 2,268 33 percent below the U.S. A comprehensive effort to push regional enrollment up to the national averagse would require the elimination of 33 Western New York That process wouldbe complicated, messy, rancorous -- and extremelt unlikely. There is no shortagee of candidatesfor consolidation, to be Business First easily came up with 13 hypothetical most of them based on standardz proposed in last December’ s report. These unions would involve districts from alleight counties. for a summary of theses 13 potential consolidations. It should be stressed that this list is not reality.
State officials lack the powee to force districts to Initiative must be taken at thelocal level, which happenws infrequently. Only one prospectiver merger in Western New York has currentl reached an advanced stageof negotiations. Broctohn and Fredonia began consolidation talkslast year, eventualluy commissioning a feasibility study at the beginning of If they decide later this year that a merger makes sense, voters in both districts would be givejn their say in a referendum.
Monday, November 5, 2012
P&G names McDonald CEO, succeeding Lafley - Dayton Business Journal:
dyakonostrlin.blogspot.com
Lafley, to turn 62 on June 13, will remaij as chairman afterthe transition, to take placse at the end of the fiscal July 1. No one has been named to succeed McDonald as chief operating a position created for himin 2007. The shiff puts Cincinnati-based P&G (NYSE: PG) in the hands of a global executive with marked discipline at a time when the compant is struggling through a worldwide recession that has cost it sale s andmarket share. McDonald, a Boy West Point graduate and former Army has been described asa “servant leader.” In a conferencre call with investors, Lafley described McDonalcd as the most broadlg experienced CEO to take the helm in P&G’s history.
And the procesa of selecting his he said, began the day he assumed the job in 2000. “We’vr been building the leadership team that willguide P&G through the decaded ahead,” Lafley said in the call. “We’re now all workinfg together to come out of this recession astronger P&h and deliver a stronger second decade in the 21st McDonald, who will turn 56 on June 20, detaileds a multi-pronged strategy for his leadership at saying that there will be some changes in some parts of the but the main focus is to continue with a long-term plan executed long ago.
“We will grow P&G by touchinf and improving more consumefr livesmore completely,” he “This is P&G’s purpose. It’s simplse but it is a unifying growthy strategy that inspires and focusess usevery day.” That strategty calls to strengthen and expand the core businesses, including P&G’ds stable of 23 billion-dollar hopefully to 30 or more by 2010. McDonald also maintaine the goal ofincreasing P&G’s reachb from 3.5 billion consumefr households to 4.5 billion by 2010, particularly in underserved markets.
He said per-capita spendinb on P&G products in China and India are $3 and $1, If those figures rose to the spendinbin Mexico, it would translate to an additional $40 billion in annual sales. To further illustrate upside McDonald said the global consumerf health businessgenerates $240 billion, and P&h controls just 5 percent of the “We have significant opportunities to grow share and fill whit e space,” he said. And, importantly, McDonald said he aims to make P&b an increasingly flatter, fasterf and simpler company, all of whichh would help accelerate itsgrowth rate. McDonaled joined P&G from the Army on June 4, 1980, as a branfd assistant with Solo detergent.
He is knownj as a “straight talking, get-the-job-done kind of said Dan Kiley, president of , whicn manages more than $400 millionb in assets for P&G alumni. “That type of leadershil is exactly what’s requiredf when you are working your way out of a recession like we he said. Shares of Procter Gamble closed down 33 centsto $52.08 on P&G is staring down the worst economic turmoikl it has faced since Lafley assumedx the top position in 2000, a period when the stockk had lost billions of dollars in valuer due to uncertainty over its leadershi p and strategy.
When Lafley assumed the role of CEO in sharesof P&G were tradingy in the mid-$20s, having plunged from a 2000 high of By late 2007, shares were trading in the $70s as P&f streamlined its products portfolio, increasecd focus on high-margin beauty products and reached outside its wall for technology and expertise. But Lafley’es crowning achievement might have been the 2005 acquisitio ofGillette Co., an ambitious, $57 billion undertakingb that folded one the world’s largest men’e grooming companies into one that traditionallyg marketed to women.
It was the biggestg deal in P&G’s history, extending it into new world customer bases and even retail Today its portfolio includes roughly 300 23 of which generate sales of morethan $1 billiob each. P&G’s expanded global position, however, dilated its exposure to volatiles exchange rates and commodities costs as the world enteredea recession. Today, is fighting to maintaibn market shareas consumers, worldwide, switch to less-expensive private labels. In the thirfd quarter, sales of P&G’s grooming products dropped 16 to $1.
7 billion, forcing profits down 24 percent, to $306 In the conference call, Lafley said P&G’s executive searcj required a leader with integrity and values as much as someon e with broad global experience who demonstrated an ability to grow the company. “Mostly someone who could bringy a balance of experience and he said. “And and the courage to make hard McDonald is known forhis curiosity, whicbh feeds his understanding of disparate facts such as the diameter of an Asiahn hair. His favorite books are "Do n Quixote" and "Cyrano de Bergerac" (French As an Army officer, he said his men were always asked to eatbefore him.
His background at P&G includees extensive global experience, particularly in which as a rapidly expanding and increasinglyu affluent market is very important to the consumeeproducts maker. Still, while a transition was it is sooner than saidAli Dibadj, an analyst with New York firm Sanforxd C. Bernstein. “The timing is a big Dibadj saidthis morning. “The company went out of its way to say that theres is not going to be a CEO transition over the pastseverall months. I guess many investors are concerned that at the same time the companyh is going through some difficult timea and the economy is notvery good.
” The executivesx did not take any questions during their conference, but did respond to some of the pressinyg queries since Wednesday morning’s announcement, includingf the timing and the recession. Lafleyt said this is “the right time for a well-planned and well-discipline transition.” Regarding how long he will serveeas chairman, he said, “as long as the boarx and Bob can tolerate me.
“
Lafley, to turn 62 on June 13, will remaij as chairman afterthe transition, to take placse at the end of the fiscal July 1. No one has been named to succeed McDonald as chief operating a position created for himin 2007. The shiff puts Cincinnati-based P&G (NYSE: PG) in the hands of a global executive with marked discipline at a time when the compant is struggling through a worldwide recession that has cost it sale s andmarket share. McDonald, a Boy West Point graduate and former Army has been described asa “servant leader.” In a conferencre call with investors, Lafley described McDonalcd as the most broadlg experienced CEO to take the helm in P&G’s history.
And the procesa of selecting his he said, began the day he assumed the job in 2000. “We’vr been building the leadership team that willguide P&G through the decaded ahead,” Lafley said in the call. “We’re now all workinfg together to come out of this recession astronger P&h and deliver a stronger second decade in the 21st McDonald, who will turn 56 on June 20, detaileds a multi-pronged strategy for his leadership at saying that there will be some changes in some parts of the but the main focus is to continue with a long-term plan executed long ago.
“We will grow P&G by touchinf and improving more consumefr livesmore completely,” he “This is P&G’s purpose. It’s simplse but it is a unifying growthy strategy that inspires and focusess usevery day.” That strategty calls to strengthen and expand the core businesses, including P&G’ds stable of 23 billion-dollar hopefully to 30 or more by 2010. McDonald also maintaine the goal ofincreasing P&G’s reachb from 3.5 billion consumefr households to 4.5 billion by 2010, particularly in underserved markets.
He said per-capita spendinb on P&G products in China and India are $3 and $1, If those figures rose to the spendinbin Mexico, it would translate to an additional $40 billion in annual sales. To further illustrate upside McDonald said the global consumerf health businessgenerates $240 billion, and P&h controls just 5 percent of the “We have significant opportunities to grow share and fill whit e space,” he said. And, importantly, McDonald said he aims to make P&b an increasingly flatter, fasterf and simpler company, all of whichh would help accelerate itsgrowth rate. McDonaled joined P&G from the Army on June 4, 1980, as a branfd assistant with Solo detergent.
He is knownj as a “straight talking, get-the-job-done kind of said Dan Kiley, president of , whicn manages more than $400 millionb in assets for P&G alumni. “That type of leadershil is exactly what’s requiredf when you are working your way out of a recession like we he said. Shares of Procter Gamble closed down 33 centsto $52.08 on P&G is staring down the worst economic turmoikl it has faced since Lafley assumedx the top position in 2000, a period when the stockk had lost billions of dollars in valuer due to uncertainty over its leadershi p and strategy.
When Lafley assumed the role of CEO in sharesof P&G were tradingy in the mid-$20s, having plunged from a 2000 high of By late 2007, shares were trading in the $70s as P&f streamlined its products portfolio, increasecd focus on high-margin beauty products and reached outside its wall for technology and expertise. But Lafley’es crowning achievement might have been the 2005 acquisitio ofGillette Co., an ambitious, $57 billion undertakingb that folded one the world’s largest men’e grooming companies into one that traditionallyg marketed to women.
It was the biggestg deal in P&G’s history, extending it into new world customer bases and even retail Today its portfolio includes roughly 300 23 of which generate sales of morethan $1 billiob each. P&G’s expanded global position, however, dilated its exposure to volatiles exchange rates and commodities costs as the world enteredea recession. Today, is fighting to maintaibn market shareas consumers, worldwide, switch to less-expensive private labels. In the thirfd quarter, sales of P&G’s grooming products dropped 16 to $1.
7 billion, forcing profits down 24 percent, to $306 In the conference call, Lafley said P&G’s executive searcj required a leader with integrity and values as much as someon e with broad global experience who demonstrated an ability to grow the company. “Mostly someone who could bringy a balance of experience and he said. “And and the courage to make hard McDonald is known forhis curiosity, whicbh feeds his understanding of disparate facts such as the diameter of an Asiahn hair. His favorite books are "Do n Quixote" and "Cyrano de Bergerac" (French As an Army officer, he said his men were always asked to eatbefore him.
His background at P&G includees extensive global experience, particularly in which as a rapidly expanding and increasinglyu affluent market is very important to the consumeeproducts maker. Still, while a transition was it is sooner than saidAli Dibadj, an analyst with New York firm Sanforxd C. Bernstein. “The timing is a big Dibadj saidthis morning. “The company went out of its way to say that theres is not going to be a CEO transition over the pastseverall months. I guess many investors are concerned that at the same time the companyh is going through some difficult timea and the economy is notvery good.
” The executivesx did not take any questions during their conference, but did respond to some of the pressinyg queries since Wednesday morning’s announcement, includingf the timing and the recession. Lafleyt said this is “the right time for a well-planned and well-discipline transition.” Regarding how long he will serveeas chairman, he said, “as long as the boarx and Bob can tolerate me.
“
Saturday, November 3, 2012
Cincinnati-area firms win Ohio incentives - Washington Business Journal:
ysynut.wordpress.com
, a maker of marketing simulation andplanning software, received $1.1 milliom from the Innovation Ohio Loan Fund, at an annuapl interest rate of 1 percent for the firsrt year and 8 percent for five The Cincinnati-based company will use the loan to develop a new generation of its Emerging Marketplaces software and buy computer equipment. The $2.2 milliomn project is expected to create 36 jobs and retai10 jobs. Two local firmzs also received Job Creation Tax Credits forexpansioh projects. • , a supplier of labeling systeme for thebeverage industry, was awarded a 45 percenrt tax credit for five years for a $1 millionh expansion project in Mason.
The company expect to use the credit, worthg about $52,700 over its to create 25 jobs andretaibn 118. • won a 45 percent job for a six-year term, for a $170,000 expansion projectr at its regional office The credit is valuesd atabout $119,750 over its term. Advantage expects to creat e 33 positions andretainm 65. The company, headquartered in Spokane, provides energy management consulting services.
, a maker of marketing simulation andplanning software, received $1.1 milliom from the Innovation Ohio Loan Fund, at an annuapl interest rate of 1 percent for the firsrt year and 8 percent for five The Cincinnati-based company will use the loan to develop a new generation of its Emerging Marketplaces software and buy computer equipment. The $2.2 milliomn project is expected to create 36 jobs and retai10 jobs. Two local firmzs also received Job Creation Tax Credits forexpansioh projects. • , a supplier of labeling systeme for thebeverage industry, was awarded a 45 percenrt tax credit for five years for a $1 millionh expansion project in Mason.
The company expect to use the credit, worthg about $52,700 over its to create 25 jobs andretaibn 118. • won a 45 percent job for a six-year term, for a $170,000 expansion projectr at its regional office The credit is valuesd atabout $119,750 over its term. Advantage expects to creat e 33 positions andretainm 65. The company, headquartered in Spokane, provides energy management consulting services.
Thursday, November 1, 2012
United Auto Workers approve GM labor agreement - Boston Business Journal:
cicugaha.wordpress.com
In a Friday release, the Detroit-based automaker GM) said that the changes include modifications to the Voluntary Employee Beneficiarhy Association trust for retireehealth care, and otheer wage and benefit concessions designed to make GM more “The leadership demonstrated by UAW presidentg Ron Gettlefinger and UAW vice presidentr Cal Rapson, and the hard work from the members of the Generao Motors and UAW negotiating teams, resultedc in an innovative agreement that will enable GM to be fullty competitive and has eliminaterd the gap with our competitors,” Diana vice president of GMs’ labor relations, said in the “Their shared sacrifices will enable GM to become a stronger, more viable company that will continue to deliver world-classx cars and trucks.
” UAW Local 31’zs members voted for the concessionsa by roughly 63 percent to 37 percent, President Jeff Manningy said earlier this week. GM’s has abou t 2,100 union and about 300 salaried GM is still trying to work out a deal with its bondholdera beforea government-imposed Monday deadline requiring the company to have an acceptabled plan for surviving the economic crisis or file bankruptcy. A deal was announcer Thursday asking bondholders totrade $27. 2 billion of unsecured debt for company stock to satisftythe debt-reduction requirement in its loan agreement with the .
An unofficial bondholders committee and othed large noteholders that combined hold about 20 percenrt of the unsecured notes expressed supporty forthe offer.
In a Friday release, the Detroit-based automaker GM) said that the changes include modifications to the Voluntary Employee Beneficiarhy Association trust for retireehealth care, and otheer wage and benefit concessions designed to make GM more “The leadership demonstrated by UAW presidentg Ron Gettlefinger and UAW vice presidentr Cal Rapson, and the hard work from the members of the Generao Motors and UAW negotiating teams, resultedc in an innovative agreement that will enable GM to be fullty competitive and has eliminaterd the gap with our competitors,” Diana vice president of GMs’ labor relations, said in the “Their shared sacrifices will enable GM to become a stronger, more viable company that will continue to deliver world-classx cars and trucks.
” UAW Local 31’zs members voted for the concessionsa by roughly 63 percent to 37 percent, President Jeff Manningy said earlier this week. GM’s has abou t 2,100 union and about 300 salaried GM is still trying to work out a deal with its bondholdera beforea government-imposed Monday deadline requiring the company to have an acceptabled plan for surviving the economic crisis or file bankruptcy. A deal was announcer Thursday asking bondholders totrade $27. 2 billion of unsecured debt for company stock to satisftythe debt-reduction requirement in its loan agreement with the .
An unofficial bondholders committee and othed large noteholders that combined hold about 20 percenrt of the unsecured notes expressed supporty forthe offer.
Tuesday, October 30, 2012
State suing coin dealer amid crackdown - Kansas City Business Journal:
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state coin dealer as part of a multistate crackdown on allegedxconsumer fraud. Cordray said Wednesdagy that his office has filer suit in Hancock County Common Pleas Courtagainst Amityville-based and its Barry Rothman. The state alleges Alliance violatec Ohio consumerprotection law, and it wantxs to levy financial penalties and hold the company responsibler for reimbursing consumers. Cordray’s office said the dealer of rare coins allegedly hasused high-pressure sales tactics over the phone and is targeting seniotr citizens in its business pitches.
Cordray claims the company has misrepresented the value and investment grade of the coinsz in its business dealing s and operated without registering in the state as a telephone Reached byphone Wednesday, Rothman declinee to comment on the Kim Kowalski, a spokeswoman for Cordray’s said the state’s investigation began after it receivedx a complaint from an 82-year-old Hancock Counthy resident who allegedly spent more than $25,000 on Alliance coinds to later discover they were wortjh much less. Alliance claims to offe a 15-day refund window, but that mighr not be enough time for consumerds to discover any gapsin value, the Attorney General’sw Office said.
The Hancock County complaint is the only one file withthe state, but Kowalski said the office is awarew of other allegations made by Ohio consumers. The lawsuitr is part of a nationakl sweep dubbed Operation Short Change that targets companiea accused of exploiting consumers amidthe recession. Ohio is one of 14 statesw that havefiled suits, while the has mountecd 15 cases and the is pursuing 42.
state coin dealer as part of a multistate crackdown on allegedxconsumer fraud. Cordray said Wednesdagy that his office has filer suit in Hancock County Common Pleas Courtagainst Amityville-based and its Barry Rothman. The state alleges Alliance violatec Ohio consumerprotection law, and it wantxs to levy financial penalties and hold the company responsibler for reimbursing consumers. Cordray’s office said the dealer of rare coins allegedly hasused high-pressure sales tactics over the phone and is targeting seniotr citizens in its business pitches.
Cordray claims the company has misrepresented the value and investment grade of the coinsz in its business dealing s and operated without registering in the state as a telephone Reached byphone Wednesday, Rothman declinee to comment on the Kim Kowalski, a spokeswoman for Cordray’s said the state’s investigation began after it receivedx a complaint from an 82-year-old Hancock Counthy resident who allegedly spent more than $25,000 on Alliance coinds to later discover they were wortjh much less. Alliance claims to offe a 15-day refund window, but that mighr not be enough time for consumerds to discover any gapsin value, the Attorney General’sw Office said.
The Hancock County complaint is the only one file withthe state, but Kowalski said the office is awarew of other allegations made by Ohio consumers. The lawsuitr is part of a nationakl sweep dubbed Operation Short Change that targets companiea accused of exploiting consumers amidthe recession. Ohio is one of 14 statesw that havefiled suits, while the has mountecd 15 cases and the is pursuing 42.
Sunday, October 28, 2012
Biodiversity Meeting Calls for More Science-Based Information - AllAfrica.com
haygoodfoafyga1359.blogspot.com
Biodiversity Meeting Calls for More Science-Based Information AllAfrica.com The information is likely to be available for peer review and consideration by the UN Subsidiary Body on Scientific, Technical and Technological Advice (SBSTA) at the next CBD meeting in Korea in 2014. The document addressing geoengineering also "notes ... |
Saturday, October 27, 2012
Racing commission approves betting facility in Clark County - Business First of Louisville:
belyaevostapuki.blogspot.com
allowing the Shelbyville, Ind.-based horse racingh company to move forward with its planzs to renovate a former drugstorein Clarksville. The proposed site is a forme r Drug Emporium building at 700Easternh Blvd. The building is locatefd in the shopping center with a Valuew City Department Store and is less than one mile from the intersectiom of Interstate 65 andEastern Boulevard. The which will complement the company's other betting facilities in Shelbyvilleand Evansville, likely would compete with Louisville-based Churchilo Downs Inc.'s (NYSE: CHDN) Trackside Louisville, formerlyh Sports Spectrum.
Indiana Downs, located just southeasr of Indianapolis, already competes with Churchill's Hoosie Downs in Anderson, and the company's Ellis Park in Ky. According to reports, the Clark County facilityt could be open by the end ofthe year. The which would be a sports bar and hors racingbetting parlor, would have 60 to 70 according to a news release from Indiana Downs. In addition to approvingg the OTB application, the commission also votexd to change the way the subsidyfrom Indiana's riverboaty casino revenues will be dividefd between Hoosier Park and Indiana Downs. According to reports, the new rulese call for equal shares ofthe $10.
8 million annuaol subsidy to be split betweenm Indiana Downs and Hoosier Park. Previously, Indiana Down released a small shar e ofthe subsidy. Officials with Indiana Downsw and the Indiana Horce Racing Commission could not be reachexfor comment.
allowing the Shelbyville, Ind.-based horse racingh company to move forward with its planzs to renovate a former drugstorein Clarksville. The proposed site is a forme r Drug Emporium building at 700Easternh Blvd. The building is locatefd in the shopping center with a Valuew City Department Store and is less than one mile from the intersectiom of Interstate 65 andEastern Boulevard. The which will complement the company's other betting facilities in Shelbyvilleand Evansville, likely would compete with Louisville-based Churchilo Downs Inc.'s (NYSE: CHDN) Trackside Louisville, formerlyh Sports Spectrum.
Indiana Downs, located just southeasr of Indianapolis, already competes with Churchill's Hoosie Downs in Anderson, and the company's Ellis Park in Ky. According to reports, the Clark County facilityt could be open by the end ofthe year. The which would be a sports bar and hors racingbetting parlor, would have 60 to 70 according to a news release from Indiana Downs. In addition to approvingg the OTB application, the commission also votexd to change the way the subsidyfrom Indiana's riverboaty casino revenues will be dividefd between Hoosier Park and Indiana Downs. According to reports, the new rulese call for equal shares ofthe $10.
8 million annuaol subsidy to be split betweenm Indiana Downs and Hoosier Park. Previously, Indiana Down released a small shar e ofthe subsidy. Officials with Indiana Downsw and the Indiana Horce Racing Commission could not be reachexfor comment.
Thursday, October 25, 2012
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Gold ... - DailyFinance
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Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Gold ... DailyFinance NEW YORK--(BUSINESS WIRE)-- Robbins Geller Rudman & Dowd LLP ("Robbins Geller") (http://www.rgrdlaw.com/cases/goldresource/) today announced that a class action has been commenced in the United States District Court for the District of Colorado ... |
Wednesday, October 24, 2012
Labour to support Borg, hoping for expedient review by Attorney General - MaltaToday
disadvantage-unlimited.blogspot.com
Labour to support Borg, hoping for expedient review by Attorney General MaltaToday Opposition leader Joseph Muscat has appealed for an expedite review by the Attorney General of the facts in the OLAF investigation that has prompted the resignation of John Dalli from European Commissioner for health and consumer policy. "We would like ... |
Chinese court sentences teen to life in prison for stabbing hospital workers ... Fox News BEIJING â€" A court sentenced a teenager to life in prison Friday for killing a medical intern and stabbing three other workers at a northeastern Chinese hospital, in a case seen as a symptom of frustration over a dysfunctional health care system. The ... |
Secular coalition grades presidential candidates CNN (blog) Though the goal in doing this was to “help people who vote on secular values†decide who to vote for, the coalition spokeswoman believes the results could be valuable to the candidates, too. “Political parties need to learn how to reach out to the ... Secular group releases presidential report card Secular Coalition relea ses '2012 Presidential Election Scorecard' Gary Johnson Receives Highest Grade From Atheist Group |
Tuesday, October 16, 2012
PRECIOUS-Gold lifts from 1-month low as euro, stocks rise - Reuters
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Moneycontrol.com | PRECIOUS-Gold lifts from 1-month low as euro, stocks rise Reuters Largest gold, silver ETFs report outflows (Updates prices). By Jan Harvey. LONDON, Oct 16 (Reuters) - Gold prices firmed on Tuesday, recovering some lost ground from a one-month low in the previous session, as a weaker dollar, stronger stock markets ... Gold, Silver Drop Most in Three Months on Economy, China Gold And Silver Outlook For October 15, 2012 Gold Prices Edge Higher; Silver Prices also Gain |
Sunday, October 14, 2012
Man seeks 'fair trial' of son convicted by military court - DAWN.com
gault-rickettsias.blogspot.com
Man seeks 'fair trial' of son convicted by military court DAWN.com PESHAWAR, Oct 14: The father of a former army soldier on death row has requested the chief justice of Pakistan to take notice of the conviction of his son by a field general court martial and subsequent dismissal of his appeal without fulfilling ... |
Saturday, October 13, 2012
Madoff gets 150 years in prison - Baltimore Business Journal:
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“I’m not surprised. That’s what he deserved,” said Adelwe Fox of Tamarac, who lost thousands of dollarasto Madoff's scheme. The masterminds behind the biggest Ponzi schemein U.S. historhy was sentenced on Mondaty morning in federal court in Manhatta to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenientt sentence of 12 Insentencing Madoff, U.S. District Judge Denny Chin called the fraud and said thatthe “breach of trusty was massive.” The judge described his acts as “extraordinarilh evil.
” “No other white-collar case is comparable in terms of the duration and enormity of the frausd and the degree of the betrayal,” Chin said. Madofv confessed in March to 11 countsincludingv fraud, money laundering theft and perjury, amongv other things. His victims reportedly numbe morethan 1,300 and stretch acrosxs the globe. Their losses are estimated at morethan $13 Prior to sentencing, Chin heardd from nine of the victims who talkex about the devastation Madoff’s fraud had causedx to their lives and their families. Many of Madoff’ s wealthy clients lived in South Florid a and lost their life savinges tohis scheme.
Fox, 86, said she is still furiou that the and the federalgovernment didn’yt expose Madoff’s fraud earlier. “The SEC is just as guilth as Madoff and theyfailed us. Nobody seems to do anythin about it,” Fox She also took issue with the largew fees being paid to peopled such asIrving H. Picard, the trustee who is handling the liquidation ofBernard L. Madoff Investment Securities. “Thre trustee Picard is making hisown They’re paying these guys millions of dollars. It woulde be better to pay theinvestoras directly,” Fox said.
Fox, a widow who once worke d as secretary in New said sheinvested $50,000 in 1987 because she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneh back from Social Securitypaymentws she’d made over the years on income from Madoff accounts. However, she is worriedd that her disbursements may eventually be targeted in clawback efforts by the trustee in bankruptcy proceedings who has begun sendinf out letters demanding the return of profits derivex fromtheir investments.
Guy Fronstin a Boca Ratoj attorney who hasadvised Fox, said the governmeny has “been good about refunding taxes but there are delays in processint claims to the Securities Investor Protectiom Corporation. “Some of the peoplre I know are too busy with theser other issues to really care that much about whathappener today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno Yoss, said he believews the court had little choice but to levy the maximun sentenceon Madoff.
“I don’t think the victimsd should have been victimized again by havingh him be able to leave prison one said Atlas, whose firm continues to advise clients aboutf tax returns and possibly futurwe claims against investment advisors who invested with “I’m wondering if the trustee will be able to locat e more than the billion plus that he’s located, and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeifnearly $170 billion, which represents the proceeds of, and property involvedr in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an importanrt milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southernj District ofNew York, said in a news “We are focused on tracing, restrainingf and liquidating assets to maximizee recoveries for the victims.”
“I’m not surprised. That’s what he deserved,” said Adelwe Fox of Tamarac, who lost thousands of dollarasto Madoff's scheme. The masterminds behind the biggest Ponzi schemein U.S. historhy was sentenced on Mondaty morning in federal court in Manhatta to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenientt sentence of 12 Insentencing Madoff, U.S. District Judge Denny Chin called the fraud and said thatthe “breach of trusty was massive.” The judge described his acts as “extraordinarilh evil.
” “No other white-collar case is comparable in terms of the duration and enormity of the frausd and the degree of the betrayal,” Chin said. Madofv confessed in March to 11 countsincludingv fraud, money laundering theft and perjury, amongv other things. His victims reportedly numbe morethan 1,300 and stretch acrosxs the globe. Their losses are estimated at morethan $13 Prior to sentencing, Chin heardd from nine of the victims who talkex about the devastation Madoff’s fraud had causedx to their lives and their families. Many of Madoff’ s wealthy clients lived in South Florid a and lost their life savinges tohis scheme.
Fox, 86, said she is still furiou that the and the federalgovernment didn’yt expose Madoff’s fraud earlier. “The SEC is just as guilth as Madoff and theyfailed us. Nobody seems to do anythin about it,” Fox She also took issue with the largew fees being paid to peopled such asIrving H. Picard, the trustee who is handling the liquidation ofBernard L. Madoff Investment Securities. “Thre trustee Picard is making hisown They’re paying these guys millions of dollars. It woulde be better to pay theinvestoras directly,” Fox said.
Fox, a widow who once worke d as secretary in New said sheinvested $50,000 in 1987 because she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneh back from Social Securitypaymentws she’d made over the years on income from Madoff accounts. However, she is worriedd that her disbursements may eventually be targeted in clawback efforts by the trustee in bankruptcy proceedings who has begun sendinf out letters demanding the return of profits derivex fromtheir investments.
Guy Fronstin a Boca Ratoj attorney who hasadvised Fox, said the governmeny has “been good about refunding taxes but there are delays in processint claims to the Securities Investor Protectiom Corporation. “Some of the peoplre I know are too busy with theser other issues to really care that much about whathappener today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno Yoss, said he believews the court had little choice but to levy the maximun sentenceon Madoff.
“I don’t think the victimsd should have been victimized again by havingh him be able to leave prison one said Atlas, whose firm continues to advise clients aboutf tax returns and possibly futurwe claims against investment advisors who invested with “I’m wondering if the trustee will be able to locat e more than the billion plus that he’s located, and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeifnearly $170 billion, which represents the proceeds of, and property involvedr in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an importanrt milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southernj District ofNew York, said in a news “We are focused on tracing, restrainingf and liquidating assets to maximizee recoveries for the victims.”
Friday, October 12, 2012
Study: Long-term benefits trump cost of health insurance for all U.S. children - Portland Business Journal:
gault-rickettsias.blogspot.com
“Providing health insurance to all children in America will yieldf substantialeconomic benefits,” wrote Vivian Ho, chaifr in health economics at Rice University and co-author of the report. Researchers at the Baker Institute said childrem who receive health care coveragr go on to become moreproductive adults. The cost incurredr by insuring the children is offset by the increasede value of the additional life years and quality of life gained by medical thereport stated.
“The up-front incremental costes of universal health insurance coverage for childreh arerelatively modest, and they will be offset by the valu e of increased health capitakl gained in the long the report stated. The research was based on studies publishesd in scholarly journals examining the economic impacg of failing toinsure U.S. Researchers estimate that nearly eight million childrenm inthe U.S.
are and the nation ranks third amonh the 30 industrialized members of the Organization for Economixc Cooperation and Development in percentage ofuninsured
“Providing health insurance to all children in America will yieldf substantialeconomic benefits,” wrote Vivian Ho, chaifr in health economics at Rice University and co-author of the report. Researchers at the Baker Institute said childrem who receive health care coveragr go on to become moreproductive adults. The cost incurredr by insuring the children is offset by the increasede value of the additional life years and quality of life gained by medical thereport stated.
“The up-front incremental costes of universal health insurance coverage for childreh arerelatively modest, and they will be offset by the valu e of increased health capitakl gained in the long the report stated. The research was based on studies publishesd in scholarly journals examining the economic impacg of failing toinsure U.S. Researchers estimate that nearly eight million childrenm inthe U.S.
are and the nation ranks third amonh the 30 industrialized members of the Organization for Economixc Cooperation and Development in percentage ofuninsured
Wednesday, October 10, 2012
First tenants at Grandview Yard unveiled - The Business Journal of Milwaukee:
bengeyqafiba1640.blogspot.com
Plans filed with the city July 7 show developerd Nationwide RealtyInvestors Ltd. wants to builf the first $40 million wortg of projects as it continues planningf forthe broader, $500 million to $600 millionn redevelopment on 90 acres in the suburb’s industrialk core. The city’s planning commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’se Deli in the office building as conditional The preliminary and final development plan must go through the commissiobn as well as Grandvieq Heights City Council.
Dublin-based M&A Architects, the designer of the three-story office building, plana to occupy at least 20,000 squarr feet on the top floor. The plansz mark the first projects presenteds to the city for approval since Nationwide Realtyy first began acquiring the former Big BearStore Co. distribution complex and surrounding propertiess inMay 2006. In conjunction with the real estats projects, Grandview Heights City Council at its July 6 meetinh heard a first reading of a developmentf agreement between the city andNationwider Realty.
The resolution outlines how the city will payfor $78 millionm in road improvements and utilities inside Grandview Yard and anotherr $41 million in off-site public improvements. Other legislation in support of the development agreement is expecteds to be introduced as early as a special July 13councip meeting. Construction on the three buildings and the first phase of road and utilityg projects could begin as earl y aslate August. The office, hotel and fitness center shoul open infall 2010, said Nationwide Realtt President Brian Ellis. “We should be pretty well positioned to get theprojecty going,” he said.
The city’s mayor welcomed the sign of progresss despite the tougheconomic environment. “Getting something out of the ground,” Mayo r Ray DeGraw said, “will attract attention and more
Plans filed with the city July 7 show developerd Nationwide RealtyInvestors Ltd. wants to builf the first $40 million wortg of projects as it continues planningf forthe broader, $500 million to $600 millionn redevelopment on 90 acres in the suburb’s industrialk core. The city’s planning commission will consider the Hyatt Place Urban Active fitness center and aplanned Jason’se Deli in the office building as conditional The preliminary and final development plan must go through the commissiobn as well as Grandvieq Heights City Council.
Dublin-based M&A Architects, the designer of the three-story office building, plana to occupy at least 20,000 squarr feet on the top floor. The plansz mark the first projects presenteds to the city for approval since Nationwide Realtyy first began acquiring the former Big BearStore Co. distribution complex and surrounding propertiess inMay 2006. In conjunction with the real estats projects, Grandview Heights City Council at its July 6 meetinh heard a first reading of a developmentf agreement between the city andNationwider Realty.
The resolution outlines how the city will payfor $78 millionm in road improvements and utilities inside Grandview Yard and anotherr $41 million in off-site public improvements. Other legislation in support of the development agreement is expecteds to be introduced as early as a special July 13councip meeting. Construction on the three buildings and the first phase of road and utilityg projects could begin as earl y aslate August. The office, hotel and fitness center shoul open infall 2010, said Nationwide Realtt President Brian Ellis. “We should be pretty well positioned to get theprojecty going,” he said.
The city’s mayor welcomed the sign of progresss despite the tougheconomic environment. “Getting something out of the ground,” Mayo r Ray DeGraw said, “will attract attention and more
Tuesday, October 9, 2012
Catholic hospital chain backs out of joint venture with Centene - Silicon Valley / San Jose Business Journal:
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, founded by the Archdiocesre of Boston, said it was withdrawing from the partnershiopFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatd inthe state-subsidized program that will provids health-care services for 165,000 low-income working adults who are not eligible for Medicaied or employer-sponsored insurance. But the hospital systemm will participate only asa health-care provider, not a co-ownef of the venture.
“By withdrawing from the jointr venture and serving the poor as a provider inthe Connector, upholdinf Catholic moral teaching at all times, they are able to carr forward the critical mission of Catholic health care,” Cardinal Seánh O’Malley said in a statement Friday night. “Out singular goal has been to provide for the needes of the poor and underserved in a manner that is fullty and completely in accord with Catholivmoral teaching.
” Sandy McBride, a spokeswoman for Centene, told the Bostonb Globe that the end of the joint venture won’tt have an impact on the health She also said she couldn’t provide information about the financial impacyt of the change. In March, Centene Corp.’s , a contract to manage health-carse services for thousands of low-income patients in partnership with Caritas ChristkiHealth Care. Centene had said it would consolidatse the financial operations of the joint venture and by the fourty quarterof 2010, had expected annua run rate revenue of $100 millionh to $125 million. St. Louis-based Centened Corp.
(NYSE: CNC), led by Chairman and Chiefv ExecutiveMichael Neidorff, provides managed care programs and relatex services to individuals under Medicaid. It also operated health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.
, founded by the Archdiocesre of Boston, said it was withdrawing from the partnershiopFriday night, just days before it was to take effect Wednesday. Caritas plans to continue to participatd inthe state-subsidized program that will provids health-care services for 165,000 low-income working adults who are not eligible for Medicaied or employer-sponsored insurance. But the hospital systemm will participate only asa health-care provider, not a co-ownef of the venture.
“By withdrawing from the jointr venture and serving the poor as a provider inthe Connector, upholdinf Catholic moral teaching at all times, they are able to carr forward the critical mission of Catholic health care,” Cardinal Seánh O’Malley said in a statement Friday night. “Out singular goal has been to provide for the needes of the poor and underserved in a manner that is fullty and completely in accord with Catholivmoral teaching.
” Sandy McBride, a spokeswoman for Centene, told the Bostonb Globe that the end of the joint venture won’tt have an impact on the health She also said she couldn’t provide information about the financial impacyt of the change. In March, Centene Corp.’s , a contract to manage health-carse services for thousands of low-income patients in partnership with Caritas ChristkiHealth Care. Centene had said it would consolidatse the financial operations of the joint venture and by the fourty quarterof 2010, had expected annua run rate revenue of $100 millionh to $125 million. St. Louis-based Centened Corp.
(NYSE: CNC), led by Chairman and Chiefv ExecutiveMichael Neidorff, provides managed care programs and relatex services to individuals under Medicaid. It also operated health plans in Georgia, New Jersey, Ohio, Texas and Wisconsin.
Sunday, October 7, 2012
Montgomery County proposes life-sciences development - Baltimore Business Journal:
exceeding-commissioner.blogspot.com
The department will recommend this week that the Plannintg Board revampGaithersburg West’s masterf plan to incorporate 20 million square feet of commerciapl space and 8,000 homes and accommodatd 60,000 jobs. This would be a significantr boost for theroughlt 700-acre area creating a self-contained life sciences hub where scientistsz can live, walk, work, eat, shop and Today, the area holds 6.9 million square feet of commercia space, 3,300 homes and 21,20o0 jobs, and the original 1990 master plan had rampe that up to nearly 13 million commercial squaree feet, 3,800 homes and 38,000 jobs.
Neighborhood groups have protestedc the expansion plans and their potential for creatinbg trafficand congestion, asking county plannerss to not stray from the 1990 masterf plan figures. But supporters of the expansionb plans say such aresearcgh campus, in this case anchored by , and and its Belwarr Research Campus, is necessary to compete with othed burgeoning life science centers around the “We’re thinking big, and we’re thinking of a real changde in identity for the said Elaine Amir, executive director of Johns Hopkins University Montgomeruy County. “We’re looking to get noticede by the world.
” Planners envision a five-district researcu community connected bybike trails, walkways and three stopz on the planned Corridor Citie Transitway to neighboring communities and the Shady Grove Metro Station. The proposal calls for the highest a minimum of 60 feet and up to 143 feet to be placed next to thosseCCT stops. It would move the county’as Public Service Training Academy from itscurrent 52-acre locatiob next to the Rockville incubator, and replacee it with a 2,000-unit residential community. And it wouldc build out JHU’s 107-acre Belwarsd property, a former farm deeded to the university foracademic purposes.
By the end of last year, the universityh had proposed building 4.6 million to 6.5 million squares feet of research, medical and academic developmeng onthe plot, creating 13,000 to 17,000 jobs. Nearby residentse had asked JHU to halvrethose plans. The university said the Planning Departmeny master planlowers Belward’s proposed density leveles to less than that of JHU’sz current campus in Rockville. It increases the bufferw around the development and requires JHU preservr 10to 12, rather than seven, acres for green space. “It’s not goinbg to be a farm,” Amir “But it’s not going to be the plan we had in 1996 that was filled withparking lots.
” While the proposal is not likelyh to comfort opposing residents, biotech industry insiders say a lack of such a centralizedc life sciences complex has held the local market “We’re really spread out, and there’s really nevetr been this sense of community within the sector. We all go our separatwe ways,” said Bruce Robertson, a Shady Grove Adventist Hospitak board member and managing director at venture capitaplfirm , who also lives in that area. But such a scienc city “then feeds on It becomes a destinatio forbiotech companies.
”
The department will recommend this week that the Plannintg Board revampGaithersburg West’s masterf plan to incorporate 20 million square feet of commerciapl space and 8,000 homes and accommodatd 60,000 jobs. This would be a significantr boost for theroughlt 700-acre area creating a self-contained life sciences hub where scientistsz can live, walk, work, eat, shop and Today, the area holds 6.9 million square feet of commercia space, 3,300 homes and 21,20o0 jobs, and the original 1990 master plan had rampe that up to nearly 13 million commercial squaree feet, 3,800 homes and 38,000 jobs.
Neighborhood groups have protestedc the expansion plans and their potential for creatinbg trafficand congestion, asking county plannerss to not stray from the 1990 masterf plan figures. But supporters of the expansionb plans say such aresearcgh campus, in this case anchored by , and and its Belwarr Research Campus, is necessary to compete with othed burgeoning life science centers around the “We’re thinking big, and we’re thinking of a real changde in identity for the said Elaine Amir, executive director of Johns Hopkins University Montgomeruy County. “We’re looking to get noticede by the world.
” Planners envision a five-district researcu community connected bybike trails, walkways and three stopz on the planned Corridor Citie Transitway to neighboring communities and the Shady Grove Metro Station. The proposal calls for the highest a minimum of 60 feet and up to 143 feet to be placed next to thosseCCT stops. It would move the county’as Public Service Training Academy from itscurrent 52-acre locatiob next to the Rockville incubator, and replacee it with a 2,000-unit residential community. And it wouldc build out JHU’s 107-acre Belwarsd property, a former farm deeded to the university foracademic purposes.
By the end of last year, the universityh had proposed building 4.6 million to 6.5 million squares feet of research, medical and academic developmeng onthe plot, creating 13,000 to 17,000 jobs. Nearby residentse had asked JHU to halvrethose plans. The university said the Planning Departmeny master planlowers Belward’s proposed density leveles to less than that of JHU’sz current campus in Rockville. It increases the bufferw around the development and requires JHU preservr 10to 12, rather than seven, acres for green space. “It’s not goinbg to be a farm,” Amir “But it’s not going to be the plan we had in 1996 that was filled withparking lots.
” While the proposal is not likelyh to comfort opposing residents, biotech industry insiders say a lack of such a centralizedc life sciences complex has held the local market “We’re really spread out, and there’s really nevetr been this sense of community within the sector. We all go our separatwe ways,” said Bruce Robertson, a Shady Grove Adventist Hospitak board member and managing director at venture capitaplfirm , who also lives in that area. But such a scienc city “then feeds on It becomes a destinatio forbiotech companies.
”
Saturday, October 6, 2012
Friday, October 5, 2012
Australia's Manta Rays: Life In The Great Barrier Reef - Huffington Post
sucujovide.wordpress.com
Newsport Daily | Australia's Manta Rays: Life In The Great Barrier Reef Huffington Post The daily routines of manta rays in the Great Barrier Reef of Australia have been exposed in a new study that reveals when these graceful fish eat, cruise and visit "cleaning stations" where sm » |
Wednesday, October 3, 2012
Area hotels could see decline in revenue in 2009 - Business First of Columbus:
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percent decline in revenue per available room this year compare dto last, according to Atlanta-based , a nationall management consulting firm specializing in the lodging industry. This decline is greater than the 17.5 percent drop in RevPAR forecast for theoverall U.S. hotelo industry in PKF’s recentlh released June 2009 HotelHorizon report. “In 2009, San Antonio hotels are projected to achieve an occupanc y levelof 56.7 percent, down from the 65.2 percenyt mark achieved in 2008,” says Randyu McCaslin in the Houstoj office of PKF Consulting. “Given the increases in the competitive nature of the local market, average daily room ratese are expected to fall from $110.
19 in 2008 to $98.74 in 2009, a decline of 10.4 percent.” The declinew in the average occupancy rate for San Antonio hotel is due to the combination of a 5.5 percent fall off in the demane for lodging accommodations, exacerbated by an 8.7 percenf increase in the supply of new hotelp rooms, the PKF report states. Unfortunately for loca l area hoteliers, revenue per available room is not expected to achieved sustained growth until the third quarterof 2010, the report Until then, market conditions are favorabler for travelers, but troublesome for owners and The June 2009 Hotel Horizons forecast report for San Antonio is available at www.hotelhorizons.com.
percent decline in revenue per available room this year compare dto last, according to Atlanta-based , a nationall management consulting firm specializing in the lodging industry. This decline is greater than the 17.5 percent drop in RevPAR forecast for theoverall U.S. hotelo industry in PKF’s recentlh released June 2009 HotelHorizon report. “In 2009, San Antonio hotels are projected to achieve an occupanc y levelof 56.7 percent, down from the 65.2 percenyt mark achieved in 2008,” says Randyu McCaslin in the Houstoj office of PKF Consulting. “Given the increases in the competitive nature of the local market, average daily room ratese are expected to fall from $110.
19 in 2008 to $98.74 in 2009, a decline of 10.4 percent.” The declinew in the average occupancy rate for San Antonio hotel is due to the combination of a 5.5 percent fall off in the demane for lodging accommodations, exacerbated by an 8.7 percenf increase in the supply of new hotelp rooms, the PKF report states. Unfortunately for loca l area hoteliers, revenue per available room is not expected to achieved sustained growth until the third quarterof 2010, the report Until then, market conditions are favorabler for travelers, but troublesome for owners and The June 2009 Hotel Horizons forecast report for San Antonio is available at www.hotelhorizons.com.
Tuesday, October 2, 2012
AGCO hurt by decreased global demand - Atlanta Business Chronicle:
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The Duluth, Ga.-based agricultura equipment company posted net incomeof $34.3 million and earnings of 36 centsd a share, compared with net incomes of $58.8 million and earnings of 59 cents a First-quarter sales were down 11 percent to $1.6 billion. “Demans for agricultural equipment is weakening in all the major worls markets as the global economic turmoilk and constrained credit markets begin to impact our saidMartin Richenhagen, AGCO chairman, president and CEO, in an earnings statement.
“In the firsf quarter, the credit-challenged marketzs of Eastern Europe and Russia experiencefdsignificant declines, while industry demand continues to eroded in South America where dry weather conditiond and credit availability are Despite the disruption in the general farm fundamentals remain strong, and we continue to be optimistixc about long-term world grain demans and the future growth prospects for our Richenhagen said AGCO AG) is cutting costs, reducing productionh and trimming its investmenr in working capital. The largest impacts from productioj cuts and working capital reduction initiatives are expectedd to be incurred in thesecone quarter.
The Duluth, Ga.-based agricultura equipment company posted net incomeof $34.3 million and earnings of 36 centsd a share, compared with net incomes of $58.8 million and earnings of 59 cents a First-quarter sales were down 11 percent to $1.6 billion. “Demans for agricultural equipment is weakening in all the major worls markets as the global economic turmoilk and constrained credit markets begin to impact our saidMartin Richenhagen, AGCO chairman, president and CEO, in an earnings statement.
“In the firsf quarter, the credit-challenged marketzs of Eastern Europe and Russia experiencefdsignificant declines, while industry demand continues to eroded in South America where dry weather conditiond and credit availability are Despite the disruption in the general farm fundamentals remain strong, and we continue to be optimistixc about long-term world grain demans and the future growth prospects for our Richenhagen said AGCO AG) is cutting costs, reducing productionh and trimming its investmenr in working capital. The largest impacts from productioj cuts and working capital reduction initiatives are expectedd to be incurred in thesecone quarter.
Monday, October 1, 2012
Crescent Resources files Chapter 11 - Nashville Business Journal:
hihozeima.blogspot.com
The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescent in an advisory thecompany says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “We have been in activr discussions with our lenders and other stakeholders as we work towards an agreemen t that will bring our capital structure in line with the currenteconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assetes are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmontf Row and The Sanctuary atLake Wylie.
Crescentr says it intends to operats its continuing businesses without any significant interruption durinyg therestructuring process. The company says that’s possible becausd of a recentlyobtained debtor-in-possessiohn financing facility of $110 million from a group of its existing lenders. As part of the Chaptef 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementdwith employees, customers, vendorz and partners of continuing operationa to ensure the company can maintainb its commitment to delivering a high level of amenities and services.
” Crescent says the filing is necessary to reorganize its reduce its debt level and improve its capital structure. “We intend to reach an agreement on our new capital structure and emerge frombankruptcgy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptc y Court in the Western Districtof Texas, Austi n division. The company has 120 days from the filinf date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorneyh Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are among Crescent’z largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billioj term loan that must be paid in full by Septembedr 2012 — selling assets at fire-sale In October, Crescent sold 4,500 acres in Berkeleyu County, S.C., to for $40 In December, the company sold a Florida apartment project for $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousinb company for $1.6 million. The companu — jointly owned by and — is best knownb here for high-end real estate communities such as The Peninsula and BallantynedCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescent in an advisory thecompany says. Andrew Hede, Crescent’s chief restructuring has beennamed CEO. “We have been in activr discussions with our lenders and other stakeholders as we work towards an agreemen t that will bring our capital structure in line with the currenteconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assetes are estimated at morethan $1 billion. The locaol projects listed in the Chapter 11 filing include Piedmontf Row and The Sanctuary atLake Wylie.
Crescentr says it intends to operats its continuing businesses without any significant interruption durinyg therestructuring process. The company says that’s possible becausd of a recentlyobtained debtor-in-possessiohn financing facility of $110 million from a group of its existing lenders. As part of the Chaptef 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementdwith employees, customers, vendorz and partners of continuing operationa to ensure the company can maintainb its commitment to delivering a high level of amenities and services.
” Crescent says the filing is necessary to reorganize its reduce its debt level and improve its capital structure. “We intend to reach an agreement on our new capital structure and emerge frombankruptcgy quickly,” Hede says. The Chapter 11 petitionss were filed inthe U.S. Bankruptc y Court in the Western Districtof Texas, Austi n division. The company has 120 days from the filinf date to submit areorganization plan. A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorneyh Eric Taube of LLP in Austin, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are among Crescent’z largest unsecured creditors in Charlotte. In the Charlotte Business Journal reported that Crescent had adoptedr an aggressive new business strategy driven bya $1.2 billioj term loan that must be paid in full by Septembedr 2012 — selling assets at fire-sale In October, Crescent sold 4,500 acres in Berkeleyu County, S.C., to for $40 In December, the company sold a Florida apartment project for $11.35 million, less than half the $27 million it paid for the compled three years earlier. This year, the firm has closed on the sale ofa 773-acre tract of land in Oconee County, S.C., for just over $10 Locally, Crescent recently sold 18.
4 acres in Fort Mill to a warehousinb company for $1.6 million. The companu — jointly owned by and — is best knownb here for high-end real estate communities such as The Peninsula and BallantynedCountry Club. Before the Chapter 11 Crescent faced paymentsof $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
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