efimtsovavadan.blogspot.com
While that relationship may well havebeen affected, anothet important area that has been impacted has been private institutionak investment – in the eagerness of private equity funds to entere into transactions, and the valuation that an institutiona l investor might assign to a company. This is becauser private equity firms often augment their equity investmentg with bank debt in order to maximize the returnsx totheir shareholders. If credit conditions make it more difficulg for these firms toraise debt, deals are less with the ultimate result of a lowe valuation for a company if a transaction is being contemplated.
If owners or management of any companuy anticipate a saleor capital-raising event of this type at some how can they ensuree that the valuation is a favorablee as possible? A few suggestions: For example, the companyh should have a well-written, robust shareholder’s agreement. This is a very but key, part of any corporat e documents. It addresses issues such as ownership, the ruless governing sales of shares, composition of the board of directors andothed matters. A corporate attorney with experience in addressing thesee specific matters shoulddraft it. Any law firm with a business law practice should be able to assisg in a matter suchas this.
If your accounting recordds are inpoor condition, it will be extremel hard to support any sort of attractive valuation. In fact, in this many firms will simply pass on a deal wherde the financial recordsare suspect. This is simplu because there are enough othe deals out there where this is not an issu that an investor will just move on to those deals. Any company that has any reason to believe that it will be lookint to raise outsidecapitalp – debt or equituy – should have appropriate accounting controla and procedures in place.
If the company does not possesws the internal expertise to implementthese controls, any competenty CPA firm should be able to As an end result, managemenf should look to put in place a procesd that results in audited (or at least reviewed) financial statements. If management can articulatde and defend how the company will achieve its growth goalsx for the next coupleof years, it will have a majot impact on valuation.
This includes concrete sales goals, executable plans to make those goal s happen and infrastructure rollout to support Even though growth right now might be if management can credibly demonstrate how it will addressdthis issue, it can make a very significanrt difference in how the company is viewe d by an outside investor. By preemptivelty addressing these issues, management seeking outsidse investment can make their company more attractive and help support a more compelling valuation from the perspective ofall involved.
Saturday, September 29, 2012
Friday, September 28, 2012
Board narrowly backs Seminole water plan - Orlando Business Journal:
ibitasony.wordpress.com
million gallons of water a day fromthe St. Johns Rivert was approved April 13 ina 5-4 vote by the . Accordin to a release, the district’s board approveed the permit forthe $42.r5 million project, which included: • Up to 1 million gallons of water per day would be used to augmenrt Seminole County’s reclaimed water systen in place of groundwater. • Up to 4.5 milliobn gallons of water a day starting in2014 — to supplement potabls groundwater supplies. Representatives from Jacksonville-arew governments and the St. Johns Riverkeeper contributed to an overflows crowd in Palatka atthe hearing.
The Riverkeeper organization sponsoree a bus ride to transport opponents of the permig tothe district’s offices in Palatka for the hearing. Originally, Seminole County submitted the permit application in 2004 requesting the ability towithdrawe 7.25 million gallons of waterr per day for 20 years. The projecgt already has support fromthe , and U.S. Fish and Wildlifw Service. However, the permit has also faced oppositionmfrom St. Johns Riverkeeper Inc., a nonprofit watchdog formed in 1999 to protectthe St. Johnes River. “The district’s Governing Board, like many people throughout the is committed to protectingthe St.
Johnse River, and it was the board’xs determination, as it was for districty staff and the administrative law that this withdrawal will not cause detrimentapl impacts to the saidSusan Hughes, governing board chairwoman, in a prepared St. Johns Riverkeeper Inc., a private, nonprofit watchdog group formed in 1999 to protectthe St. Johnss River that has foughr Seminole's plan, vowed to fight on. “Wde are prepared to do whatever it takese to stop this permit from being Neil Armingeon, who heads the Riverkeeper told April 10.
Armingeon said the group will meet with its legak team within the next 25 days and consider filing lega action to blockthe
million gallons of water a day fromthe St. Johns Rivert was approved April 13 ina 5-4 vote by the . Accordin to a release, the district’s board approveed the permit forthe $42.r5 million project, which included: • Up to 1 million gallons of water per day would be used to augmenrt Seminole County’s reclaimed water systen in place of groundwater. • Up to 4.5 milliobn gallons of water a day starting in2014 — to supplement potabls groundwater supplies. Representatives from Jacksonville-arew governments and the St. Johns Riverkeeper contributed to an overflows crowd in Palatka atthe hearing.
The Riverkeeper organization sponsoree a bus ride to transport opponents of the permig tothe district’s offices in Palatka for the hearing. Originally, Seminole County submitted the permit application in 2004 requesting the ability towithdrawe 7.25 million gallons of waterr per day for 20 years. The projecgt already has support fromthe , and U.S. Fish and Wildlifw Service. However, the permit has also faced oppositionmfrom St. Johns Riverkeeper Inc., a nonprofit watchdog formed in 1999 to protectthe St. Johnes River. “The district’s Governing Board, like many people throughout the is committed to protectingthe St.
Johnse River, and it was the board’xs determination, as it was for districty staff and the administrative law that this withdrawal will not cause detrimentapl impacts to the saidSusan Hughes, governing board chairwoman, in a prepared St. Johns Riverkeeper Inc., a private, nonprofit watchdog group formed in 1999 to protectthe St. Johnss River that has foughr Seminole's plan, vowed to fight on. “Wde are prepared to do whatever it takese to stop this permit from being Neil Armingeon, who heads the Riverkeeper told April 10.
Armingeon said the group will meet with its legak team within the next 25 days and consider filing lega action to blockthe
Wednesday, September 26, 2012
Macy
firukendu-anchored.blogspot.com
billion shortfall in their pension plans, gaps that coulcd take years to close and pose an added threat totheir profits. The department store chaibn is shortroughly $1 billion, while Kroger’s pension plan is underfundesd by an estimated $550 million. As a both Cincinnati-based giants are making much larger contributions tothe Macy’s, for instance, will pay as much as $370 millioj into its underfunded pension plan this year more than three times what it contributed in 2008. Krogee in February made a voluntary paymentof $200 paying down its 2008 shortagse of $750 million (assumin g no other market losses).
But for which posted a 2008 profitrof $280 million (from $893 millioj in fiscal ’07), the ongoin g responsibility to make the plan full can be While Kroger’s products are necessities priced to Macy’s sells discretionary items that are far less recession-proof. As a it depends more heavily on the economu and a return to meaningful consumer spendingf to deliver the stock and bond performance to meet itspension obligation. Untilk that happens, Macy’s coulf be making such payments into 2010and beyond.
billion shortfall in their pension plans, gaps that coulcd take years to close and pose an added threat totheir profits. The department store chaibn is shortroughly $1 billion, while Kroger’s pension plan is underfundesd by an estimated $550 million. As a both Cincinnati-based giants are making much larger contributions tothe Macy’s, for instance, will pay as much as $370 millioj into its underfunded pension plan this year more than three times what it contributed in 2008. Krogee in February made a voluntary paymentof $200 paying down its 2008 shortagse of $750 million (assumin g no other market losses).
But for which posted a 2008 profitrof $280 million (from $893 millioj in fiscal ’07), the ongoin g responsibility to make the plan full can be While Kroger’s products are necessities priced to Macy’s sells discretionary items that are far less recession-proof. As a it depends more heavily on the economu and a return to meaningful consumer spendingf to deliver the stock and bond performance to meet itspension obligation. Untilk that happens, Macy’s coulf be making such payments into 2010and beyond.
Tuesday, September 25, 2012
Idea Integration to offer Microsoft stimulus package - Austin Business Journal:
sasutezew.blogspot.com
Idea Integration is one of six companiews inthe U.S. chosen by to offer Microsoft Stimulus360. “They’vwe cobbled together a lot of Microsoftg technology as a solution that can drop into a system and immediately track stimulus dollara and apply for stimulus saidSandy Bateh, a senior vice presidenyt at Idea Integration and the company’s Microsoftt alliance manager. The package is aimed at statwe and local governments trying to get their share of the stimulus money and to track its use. Idea Integration and the othetr five companies offering the package were chosejn because of their familiarity with all of the applicationzs inthe package.
“You have to understans the five underlying pieces ofthe technology,” Bate h said. Idea Integration will be competing with the othed five companies forgovernment clients. Batebh said the most promising sector islocapl governments, since most of the stimulus money ultimately gets speng at that level. Bateh said the alliance with Microsoftg gives Idea Integration a chance to landnew “It’s a great opportunitu for companies like us because it giveds another entry, it’s a he said.
Idea Integration is one of six companiews inthe U.S. chosen by to offer Microsoft Stimulus360. “They’vwe cobbled together a lot of Microsoftg technology as a solution that can drop into a system and immediately track stimulus dollara and apply for stimulus saidSandy Bateh, a senior vice presidenyt at Idea Integration and the company’s Microsoftt alliance manager. The package is aimed at statwe and local governments trying to get their share of the stimulus money and to track its use. Idea Integration and the othetr five companies offering the package were chosejn because of their familiarity with all of the applicationzs inthe package.
“You have to understans the five underlying pieces ofthe technology,” Bate h said. Idea Integration will be competing with the othed five companies forgovernment clients. Batebh said the most promising sector islocapl governments, since most of the stimulus money ultimately gets speng at that level. Bateh said the alliance with Microsoftg gives Idea Integration a chance to landnew “It’s a great opportunitu for companies like us because it giveds another entry, it’s a he said.
Monday, September 24, 2012
University of Texas sponsors sustainability symposium - Examiner.com
dyakonostrlin.blogspot.com
University of Texas sponsors sustainability symposium Examiner.com The University of Texas took a close look at the state of sustainability on campus during their third annual Sustainability Symposium. The event took place on Friday September 21 in the Student Activity Center on campus and was sponsored by the ... Green Fund's new mini grants aim to provide sm » |
Saturday, September 22, 2012
JK Rowling Interview with "The Guardian," and a Preview of "Life After Harry ... - The Leaky Cauldron.org
deeshu-tatum.blogspot.com
The Leaky Cauldron.org | JK Rowling Interview with "The Guardian," and a Preview of "Life After Harry ... The Leaky Cauldron.org The Guardian has posted an extensive article and a nearly ten minute video of their interview with J. K. Rowling. The article reveals a great deal more about The Casual Vacancy than has so far been released, including Rowling's insp iration for the book ... JK Rowling: 'The worst that can happen is that everyone says, That's ... |
Friday, September 21, 2012
Dealers, members of Congress challenge closures - bizjournals:
viktorevaikubuwo.blogspot.com
Sales at Fury Dodge Chrysler, which has been in the Leonared family for 46 are up 40 percent from 2008 so far this and the dealershipis profitable, Leonard said. “Oud dealership doesn’t cost them a penny. They just bill me for what I buyfrom … That would be like Targer saying it didn’t want certain customers shopping there anymore becausd its sales were down. Would that make any sense?” Leonard isn’t alone in his Members of Congress have joine Chrysler dealers nationwide in questioning why the automakeer needs to close 789 dealershipds by June9 — less than four weeksz after the dealers were notifiex of the decision.
Both Chrysler and , whichh plans to close 1,100 dealerships by Octobedr 2010, contend they need to reduce the size of theirf dealer networks to be more competitive with Toyot aand Honda, which sell more cars in the Unitexd States with a lot fewer dealers. Addinfg to the frustration, many of the dealers slated for closure saythey haven’f been told why they’re on the said Scott Lambert, executive vice president of the Minnesotqa Automobile Dealers Association. “The problem is that this procesws is justso nontransparent,” he said. “Wed don’t know what went into the box to come out withthese decisions.
” Chrysler, in a bankruptcy court argues that trimming the ranksx of its dealers will boost the profitability of the dealers that remain, enablinvg them to invest in improvements that will drive up “After a period of time, and substantially improved marketing and investments, overall sales in the reducefd network are anticipated to grow beyond currengt sales levels within the existing Chrysler contends. That’s highly unlikely, according to the National Automobile Dealers Association.
“There’s not an auto executive that I know ofwho doesn’tf acknowledge that when a dealershiop closes, they lose market share,” said David Hyatt, NADA’se vice president and chief public affairs officer. Cuttinv costs was not a major factorein Chrysler’s decision. The automaker will save some administrative expenseas by having a smaller dealet networkto oversee, but that’z about it. Dealers buy their cars before the vehiclexs leavethe factory, pay for shipping, front the costws of any rebates or warranty work and purchase repai equipment. Dealers provide “qa robust distribution network at virtuallyno cost” to Hyatt said.
“We’re an asset, not a said Wade Walker, an auto dealer in Vt., who is scheduledc to lose his Jeep franchiseJune 9. Walkeer and about 300 other Chryslerr dealers have challengedthe automaker’s request for a bankruptcty judge to terminate their dealership agreements and preempt stats laws that would require Chrysler to give dealers more time to wind down theidr businesses. Chrysler has been working to reduce its dealef network forseveral years.
That procesz needs to be accelerated becausee of its proposed alliancewith Fiat, it Bankruptcy courts routinely terminat e contracts if doing so benefits the debtor’sd estate and is an exercise of sound businessx judgment, Chrysler states in its Chrysler dealers, however, contend that abruptly closing dealerships doesn’t meet this “There is no evidence that by rejectingb dealership agreements New Chrysler will save mone y to any material degree or enhance its competitive positioh in the automobile states a filing made by the Chrysler Nationao Dealer Council.
“To the contrary, closing dealers narrowsw distribution andreduces Chrysler’s sales and income as fewedr dealers buy fewer cars and retail salews are lost to othef brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearing on this issuwe on Wednesday. That same day, the U.S. Senate Committeed on Commerce, Science and Transportation is scheduled to hold a hearing on the Chrysle r and GMdealership closings.
Sales at Fury Dodge Chrysler, which has been in the Leonared family for 46 are up 40 percent from 2008 so far this and the dealershipis profitable, Leonard said. “Oud dealership doesn’t cost them a penny. They just bill me for what I buyfrom … That would be like Targer saying it didn’t want certain customers shopping there anymore becausd its sales were down. Would that make any sense?” Leonard isn’t alone in his Members of Congress have joine Chrysler dealers nationwide in questioning why the automakeer needs to close 789 dealershipds by June9 — less than four weeksz after the dealers were notifiex of the decision.
Both Chrysler and , whichh plans to close 1,100 dealerships by Octobedr 2010, contend they need to reduce the size of theirf dealer networks to be more competitive with Toyot aand Honda, which sell more cars in the Unitexd States with a lot fewer dealers. Addinfg to the frustration, many of the dealers slated for closure saythey haven’f been told why they’re on the said Scott Lambert, executive vice president of the Minnesotqa Automobile Dealers Association. “The problem is that this procesws is justso nontransparent,” he said. “Wed don’t know what went into the box to come out withthese decisions.
” Chrysler, in a bankruptcy court argues that trimming the ranksx of its dealers will boost the profitability of the dealers that remain, enablinvg them to invest in improvements that will drive up “After a period of time, and substantially improved marketing and investments, overall sales in the reducefd network are anticipated to grow beyond currengt sales levels within the existing Chrysler contends. That’s highly unlikely, according to the National Automobile Dealers Association.
“There’s not an auto executive that I know ofwho doesn’tf acknowledge that when a dealershiop closes, they lose market share,” said David Hyatt, NADA’se vice president and chief public affairs officer. Cuttinv costs was not a major factorein Chrysler’s decision. The automaker will save some administrative expenseas by having a smaller dealet networkto oversee, but that’z about it. Dealers buy their cars before the vehiclexs leavethe factory, pay for shipping, front the costws of any rebates or warranty work and purchase repai equipment. Dealers provide “qa robust distribution network at virtuallyno cost” to Hyatt said.
“We’re an asset, not a said Wade Walker, an auto dealer in Vt., who is scheduledc to lose his Jeep franchiseJune 9. Walkeer and about 300 other Chryslerr dealers have challengedthe automaker’s request for a bankruptcty judge to terminate their dealership agreements and preempt stats laws that would require Chrysler to give dealers more time to wind down theidr businesses. Chrysler has been working to reduce its dealef network forseveral years.
That procesz needs to be accelerated becausee of its proposed alliancewith Fiat, it Bankruptcy courts routinely terminat e contracts if doing so benefits the debtor’sd estate and is an exercise of sound businessx judgment, Chrysler states in its Chrysler dealers, however, contend that abruptly closing dealerships doesn’t meet this “There is no evidence that by rejectingb dealership agreements New Chrysler will save mone y to any material degree or enhance its competitive positioh in the automobile states a filing made by the Chrysler Nationao Dealer Council.
“To the contrary, closing dealers narrowsw distribution andreduces Chrysler’s sales and income as fewedr dealers buy fewer cars and retail salews are lost to othef brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearing on this issuwe on Wednesday. That same day, the U.S. Senate Committeed on Commerce, Science and Transportation is scheduled to hold a hearing on the Chrysle r and GMdealership closings.
Thursday, September 20, 2012
Martin's Blog: Understanding how to control tempo - Golf Channel
uqudenlid.blogspot.com
Martin's Blog: Understanding how to control tempo Golf Channel In putting, chipping and many pitch shots, the tempo is “one, two†like a pendulum. Put a weight on the end of a string about the same length as your club. Hold the club and the end of the string and take some small swings with both hovered just off ... |
Tuesday, September 18, 2012
Kannapolis honored for economic strategy - Business Courier of Cincinnati:
eragywaqer.wordpress.com
The city received the award in the category of Excellence in EconomiDiversification Strategies, which recognizes responses to plant closures and other economifc dislocations, that promote economic diversification. The competitionm is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowaj counties lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsd later, California billionaire David Murdock announced plans forthe N.C. Researc h Campus at the 350-acre former Pillowtex headquarters andmanufacturingv site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Communityy College System, other educational institutions andbusiness partners. The totaol investment is expected toreach $1.8 Residential and commercial developments are rising arounfd the campus with hopes of turniny Kannapolis, a former textile town, into a biotecj center.
The city received the award in the category of Excellence in EconomiDiversification Strategies, which recognizes responses to plant closures and other economifc dislocations, that promote economic diversification. The competitionm is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowaj counties lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsd later, California billionaire David Murdock announced plans forthe N.C. Researc h Campus at the 350-acre former Pillowtex headquarters andmanufacturingv site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Communityy College System, other educational institutions andbusiness partners. The totaol investment is expected toreach $1.8 Residential and commercial developments are rising arounfd the campus with hopes of turniny Kannapolis, a former textile town, into a biotecj center.
Monday, September 17, 2012
Beige Book: Region
esivyjifag.wordpress.com
Consumer spending in the region was weak and is expecterd toremain soft, the closely watcherd survey said, but “an uptick in manufacturiny orders helped stabilize expectationsa for future production.” The Beige Book also said that “commercia real estate market conditions and energy activity declined further.” it said, “reported a rise in deposit s and stable loan demand with no erosion in loan quality.” It said consumeer price and wage pressureds remained low.
Meanwhile, producer prices “declined at a slowetr pace, with some firms noting that higher commoditty prices boosted material andfuel Overall, the latest regional Beige Book — coverinhg a six-week period — was somewhar more optimistic than the last released April 15. The report covers the Fed’s Kansas City-basedr 10th District. It is based on interviewxs with a sample of businesses representing key industrie ineach district. The reportz are anecdotal and do not contain but they are widely followed and help the Fed to set nationapleconomic policy.
The Fed’s 10th District includess Colorado, Kansas, Nebraska, Oklahoma and Wyominhg as well as western Missouri and northernNew Mexico. Formallyh known as the “Summary of Commentary on Current Economic Conditions by Federal Reserve the Beige Book is publishedx eight timesa year. The latest report coverws late Aprilthrough May. The Federal Reserve’as 10th District is also known as the Kansas City districft becausethe reserve’s regional bank is based there. .
Consumer spending in the region was weak and is expecterd toremain soft, the closely watcherd survey said, but “an uptick in manufacturiny orders helped stabilize expectationsa for future production.” The Beige Book also said that “commercia real estate market conditions and energy activity declined further.” it said, “reported a rise in deposit s and stable loan demand with no erosion in loan quality.” It said consumeer price and wage pressureds remained low.
Meanwhile, producer prices “declined at a slowetr pace, with some firms noting that higher commoditty prices boosted material andfuel Overall, the latest regional Beige Book — coverinhg a six-week period — was somewhar more optimistic than the last released April 15. The report covers the Fed’s Kansas City-basedr 10th District. It is based on interviewxs with a sample of businesses representing key industrie ineach district. The reportz are anecdotal and do not contain but they are widely followed and help the Fed to set nationapleconomic policy.
The Fed’s 10th District includess Colorado, Kansas, Nebraska, Oklahoma and Wyominhg as well as western Missouri and northernNew Mexico. Formallyh known as the “Summary of Commentary on Current Economic Conditions by Federal Reserve the Beige Book is publishedx eight timesa year. The latest report coverws late Aprilthrough May. The Federal Reserve’as 10th District is also known as the Kansas City districft becausethe reserve’s regional bank is based there. .
Saturday, September 15, 2012
Brain implant improves decision-making in monkey - Los Angeles Times
fixyruw.wordpress.com
Business Insider | Brain implant improves decision-making in monkey Los Angeles Times A group of scientists created a novel brain implant that improves cognitive performance and decision-making in a monkey. The device, developed in part by researchers at USC, manipulates ongoing brain activity to guide the animal away from mistakes and ... Cocaine, Cybernetic Implant Used in Study to Improve Monkey Memory A Brain Implant that Thinks Neural implant restores decision making capability in cocaine impaired monkeys |
Friday, September 14, 2012
Warmer temperatures make new USDA plant zone map obsolete - Phys.Org
ogarawo.wordpress.com
The Courier-Journal | Warmer temperatures make new USDA plant zone map obsolete Phys.Org Gardeners and landscapers may want to rethink their f » |
Thursday, September 13, 2012
Smitty
acklinegymejac1362.blogspot.com
The Alexandria-based supplier of building materialdsto homebuilders, remodelers and contractors had been affected by the crumbling housing industry and filed for Chapter 11 bankruptc y protection in the U.S. Bankruptcty Court for the Eastern District of Virginia in Alexandriqon Jan. 5. is providing Smitty’s with a revolvingv line of credittotaling $5 million, and a term loan of $9.5 Every voting creditor class accepted the which forms a distribution trust that offers potential payouts for secured and unsecurecd creditors.
“With Bank of America’xs continued support through an exitloan facility, Smitty’s is successfully emerginh from bankruptcy as a new compant that will continue to serve our locak community,” said CEO Rick The family-owned business was founded in 1975 by Nelsonh and Pat Smith. It was the first time the companuy filed forChapter 11.
The Alexandria-based supplier of building materialdsto homebuilders, remodelers and contractors had been affected by the crumbling housing industry and filed for Chapter 11 bankruptc y protection in the U.S. Bankruptcty Court for the Eastern District of Virginia in Alexandriqon Jan. 5. is providing Smitty’s with a revolvingv line of credittotaling $5 million, and a term loan of $9.5 Every voting creditor class accepted the which forms a distribution trust that offers potential payouts for secured and unsecurecd creditors.
“With Bank of America’xs continued support through an exitloan facility, Smitty’s is successfully emerginh from bankruptcy as a new compant that will continue to serve our locak community,” said CEO Rick The family-owned business was founded in 1975 by Nelsonh and Pat Smith. It was the first time the companuy filed forChapter 11.
Tuesday, September 11, 2012
KB Home says home orders are up - Sacramento Business Journal:
lehoquvuhu.wordpress.com
million, or $1.03 a sharer in its second quarter, appears cautiouslty optimistic aboutits future. The builder said Fridah that home-orders spiked 59 percent compared the firs quarter ofthis year. Quarterlyh home orders still were down compared to the same quarter last and analysts predicted a smaller loss of 64 centasa share. The Los Angeles-baseed company lost $255.9 million, or $3.30 centsw per share in the same quarterlast year. Quarterly revenue declines 40 percentto $384.5 million. Six-month revenud declined 52 percentto $691.
8 Inserting optimistic caution, KB'sw CEO Jeffrey Mezger stated that the companuy is seeing stabilizing trends on both the locao and national front but that KB is conservatively managint the business because of the economic climate. KB delivered 1,049o fewer homes during the quarter than it did inthe year-agp period. The average sellingy price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'sx largest homebuilders.
million, or $1.03 a sharer in its second quarter, appears cautiouslty optimistic aboutits future. The builder said Fridah that home-orders spiked 59 percent compared the firs quarter ofthis year. Quarterlyh home orders still were down compared to the same quarter last and analysts predicted a smaller loss of 64 centasa share. The Los Angeles-baseed company lost $255.9 million, or $3.30 centsw per share in the same quarterlast year. Quarterly revenue declines 40 percentto $384.5 million. Six-month revenud declined 52 percentto $691.
8 Inserting optimistic caution, KB'sw CEO Jeffrey Mezger stated that the companuy is seeing stabilizing trends on both the locao and national front but that KB is conservatively managint the business because of the economic climate. KB delivered 1,049o fewer homes during the quarter than it did inthe year-agp period. The average sellingy price was $10,400 less that in the year-agoi period. KB Home (NYSE: KBH) is one of America'sx largest homebuilders.
Monday, September 10, 2012
Bay Area names top stimulus priorities - San Francisco Business Times:
jiqatili.wordpress.com
Projects ranked among the highest in the plan covetr a wide range of proposalsincludingb high-speed rail construction, extendiny the BART line to San Jose and boring anothere roadway in the East Bay’s Caldecott Together, the highest-priority projects are seeking more than $7 billion in stimuluw money. The priority list also includes a new stem cell researcu facility at the inMarin County, energty efficiency and solar retrofits of public and other buildings in San San Francisco and Oakland; energy conversions to LED transit-oriented development projects and workforce training and placemengt for laid-off employees.
“This plan is designed to maximizseour region’s share of federal stimulus funding and otherd state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargedc with compiling the list. The top 85 projects were classifiedas “strategic” prioritiese for the Bay Area. Another 72 projects were considereed “significant” but given a slightly lower rankin because they did not have the scals or regional impact of the most highly ranked Those projects include things like a desalination project in the Montara Water andSanitarh District, building a clean technology demonstration manufacturing center in San Jose and outfittiny Burlingame city buildings with solar panels.
The which can be found online at was the culmination ofa three-month vettinv process. The report was sent to the . That state which requested that other metropolitah regions around the state submit similar plans, will now take all those planzs and help coordinate with citiesw and counties to lobby the federal governmengt on behalf of certain projects. “This is to get people on the same page to minimize the food fighty where you have parts of the state compete againstone another,” said Dale Bonner, head of the Californiaw Business Transportation and Housing Agency.
“What we’re doingf is acting as a facilitatoer to help identifythe best” The list’s authors said they hoped that ranking projectsd would help the region get more stimulus “The Bay Area is the only region in California that actuallh attempted to prioritize,” Randolph said. “We think that’s important. We thinj that will make us more successfulp ingetting attention, in getting thosd resources for those very high value projects.” Projects on the Economi Institute’s wish list could be in for a big payoff. Abouyt $30 billion in federal stimulus money will be divviex up in Sacramento before going to various regionsaround California.
Another $20 billion is expected to be distributes directly in the state by federapl officials on adiscretionary basis. The chance to get dollarx from the federal stimulus program led to a flurry of Bay Area authorities sifted through almost570 suggestions. To make the cut, projecta were supposed to spur job have regional impact and align with statr programsand priorities, among other criteria. The Economic Institute called upon loca experts in specific fields to judge proposals that fit at least one ofseve categories: transportation, water, energy/climate, workforce trainin g and education, business development, sciencw and innovation or housing.
The vast majority of projectsa that made it to theEconomic Institute’ s short list were from government A range of companies sought federal stimulus, too, sayin that their service would help boost the broadee economy. For example, a Berkeley-based firm calleed Picture it Sold sought stimulus money to franchiseits home-staging “We’re ready to move ahead with this plan immediately,” the company wrote in its proposal, “and we’lol help thousands of families and the wholes economy to recover.” The company’s idea did not make the Economidc Institute’s highest priority cut.
But an appendicx to the Economic Institute’s wish list includea every proposalit received.
Projects ranked among the highest in the plan covetr a wide range of proposalsincludingb high-speed rail construction, extendiny the BART line to San Jose and boring anothere roadway in the East Bay’s Caldecott Together, the highest-priority projects are seeking more than $7 billion in stimuluw money. The priority list also includes a new stem cell researcu facility at the inMarin County, energty efficiency and solar retrofits of public and other buildings in San San Francisco and Oakland; energy conversions to LED transit-oriented development projects and workforce training and placemengt for laid-off employees.
“This plan is designed to maximizseour region’s share of federal stimulus funding and otherd state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargedc with compiling the list. The top 85 projects were classifiedas “strategic” prioritiese for the Bay Area. Another 72 projects were considereed “significant” but given a slightly lower rankin because they did not have the scals or regional impact of the most highly ranked Those projects include things like a desalination project in the Montara Water andSanitarh District, building a clean technology demonstration manufacturing center in San Jose and outfittiny Burlingame city buildings with solar panels.
The which can be found online at was the culmination ofa three-month vettinv process. The report was sent to the . That state which requested that other metropolitah regions around the state submit similar plans, will now take all those planzs and help coordinate with citiesw and counties to lobby the federal governmengt on behalf of certain projects. “This is to get people on the same page to minimize the food fighty where you have parts of the state compete againstone another,” said Dale Bonner, head of the Californiaw Business Transportation and Housing Agency.
“What we’re doingf is acting as a facilitatoer to help identifythe best” The list’s authors said they hoped that ranking projectsd would help the region get more stimulus “The Bay Area is the only region in California that actuallh attempted to prioritize,” Randolph said. “We think that’s important. We thinj that will make us more successfulp ingetting attention, in getting thosd resources for those very high value projects.” Projects on the Economi Institute’s wish list could be in for a big payoff. Abouyt $30 billion in federal stimulus money will be divviex up in Sacramento before going to various regionsaround California.
Another $20 billion is expected to be distributes directly in the state by federapl officials on adiscretionary basis. The chance to get dollarx from the federal stimulus program led to a flurry of Bay Area authorities sifted through almost570 suggestions. To make the cut, projecta were supposed to spur job have regional impact and align with statr programsand priorities, among other criteria. The Economic Institute called upon loca experts in specific fields to judge proposals that fit at least one ofseve categories: transportation, water, energy/climate, workforce trainin g and education, business development, sciencw and innovation or housing.
The vast majority of projectsa that made it to theEconomic Institute’ s short list were from government A range of companies sought federal stimulus, too, sayin that their service would help boost the broadee economy. For example, a Berkeley-based firm calleed Picture it Sold sought stimulus money to franchiseits home-staging “We’re ready to move ahead with this plan immediately,” the company wrote in its proposal, “and we’lol help thousands of families and the wholes economy to recover.” The company’s idea did not make the Economidc Institute’s highest priority cut.
But an appendicx to the Economic Institute’s wish list includea every proposalit received.
Saturday, September 8, 2012
Lending a Helping Hand at Ramadan - Jakarta Globe
tenamup.wordpress.com
Jakarta Globe | Lending a Helping Hand at Ramadan Jakarta Globe Twenty kids from Sahabat Anak (Friends of Children), a nonprofit organization that works with street children, had the chance to break their fast in the ballroom of the Mandarin Oriental Hotel in Jakarta, where besides enjoying the food they also got ... |
Friday, September 7, 2012
Democratic and Republican Conventions Feature Prayers from Various Religions - Opposing Views
shelly-polymer.blogspot.com
Opposing Views | Democratic and Republican Conventions Feature Prayers from Various Religions Opposing Views Carefully nonsectarian, the prayers exemplify American civic religion while also revealing subtle emphases by various clerics. Most in the spotlight has been New York Archbishop Timothy Dolan, an outspoken critic of Obamacare's contraceptive ... |
Thursday, September 6, 2012
Foreclosure Help at Homeowners Conference
lehoquvuhu.wordpress.com
July 8 /PRNewswire/ -- and his crusade to save Americaw from foreclosure has joineds forces withfrequent Dr. Phil and Mad Money guests, Lorak Langemeier and to appear at the on July at the TampaMarriott Waterside, a free educationao event for all consumers. In addition to top real financial andeconomic specialists, will make an appearance and sharer his insights on winning despite Homeowners who are worriedr about losing their home will learn about differenty ways to avoid foreclosure, and how to effectively work with their lende to resolve a difficult situation. The Tampz Bay CDC will also have representativew at the conference to speak with homeownersabout .
Accordinv to conference founder, , "Even Donalsd Trump acknowledges as the best at whathe does--showintg homeowners how to navigate a difficult process, and avoid foreclosure." Because of the economi c crisis, millions of homeowners face the dilemma of how to get back on theire feet and start re-building thei financial health. Most consumers are overwhelmer byconflicting messages, many that lead to scams. and otherws at the will give them access to solutionsz that meet their specific and arm them with critical information that will enable them to achieve their goals without becoming a targetgfor rip-offs. The is a free event for all consumers, who can registed to attend at .
By registering ahead of time, guesta ensure they have a seat at the The nation's only conference that addresses every part of the housin crisis--for homeowners who face consumers who want to become homeowners, thoswe that need to recover from economic crisis, individuals explorinh home investment opportunities, and those with a desire to leverage an existin portfolio of homes. With nineteen events in metropolitan areas across theUnited States, the conferencw brings together organizations spanning non-profits, community resources, loan debt counselors, attorneys, home specialists, mortgage brokers, and many others to delivedr information and solutions for existing and prospectivew homeowners to triumph despite the economic To learn more and register to attend the free Homeowners Conference, visit .
Patrick Nolan (813) 494-378i9 patrickn@homeownersconference.com
July 8 /PRNewswire/ -- and his crusade to save Americaw from foreclosure has joineds forces withfrequent Dr. Phil and Mad Money guests, Lorak Langemeier and to appear at the on July at the TampaMarriott Waterside, a free educationao event for all consumers. In addition to top real financial andeconomic specialists, will make an appearance and sharer his insights on winning despite Homeowners who are worriedr about losing their home will learn about differenty ways to avoid foreclosure, and how to effectively work with their lende to resolve a difficult situation. The Tampz Bay CDC will also have representativew at the conference to speak with homeownersabout .
Accordinv to conference founder, , "Even Donalsd Trump acknowledges as the best at whathe does--showintg homeowners how to navigate a difficult process, and avoid foreclosure." Because of the economi c crisis, millions of homeowners face the dilemma of how to get back on theire feet and start re-building thei financial health. Most consumers are overwhelmer byconflicting messages, many that lead to scams. and otherws at the will give them access to solutionsz that meet their specific and arm them with critical information that will enable them to achieve their goals without becoming a targetgfor rip-offs. The is a free event for all consumers, who can registed to attend at .
By registering ahead of time, guesta ensure they have a seat at the The nation's only conference that addresses every part of the housin crisis--for homeowners who face consumers who want to become homeowners, thoswe that need to recover from economic crisis, individuals explorinh home investment opportunities, and those with a desire to leverage an existin portfolio of homes. With nineteen events in metropolitan areas across theUnited States, the conferencw brings together organizations spanning non-profits, community resources, loan debt counselors, attorneys, home specialists, mortgage brokers, and many others to delivedr information and solutions for existing and prospectivew homeowners to triumph despite the economic To learn more and register to attend the free Homeowners Conference, visit .
Patrick Nolan (813) 494-378i9 patrickn@homeownersconference.com
Tuesday, September 4, 2012
Woodmont TCI Group files for bankruptcy - Sacramento Business Journal:
coras-newport.blogspot.com
The partnership, IX LP, listed assets of $10 million to $50 million and liabilitiesz in thesame range, according to its petition, filed June 30 in U.S. Bankruptc y Court for the Northern District of The company has fewerr than50 creditors, according to the The partnership is one of eight tied to Woodmont TCI Group to file for Chapter 11, said attorne y John Lewis. The partnerships sharer common investors. The eight partnerships combined representaboutt $90 million in assets and abouft $45 million in combined debt, Lewis estimated. He said more detailec court documents laying out specifics will be filef incoming weeks. The number of creditors in each partnership range from 10to 30.
"The goal obviously is to develo a plan ofreorganization that'sw fair and equitable to all creditors and partiesz and interests, which includes preserving and protecting equity and valus for unsecured creditors and partners," Lewis said. "Th e precise terms of any plan are stillunderf consideration." A meeting with creditors is set for July 30. Dallas developee in 2008 announced plans to builda $1 billion complezx that was to include abouy 700,000 square feet of office a 300-room hotel, retail space and abouyt 500 high-rise condominiums. The project was put on hold last year becauswe of the recession and thecrediy crunch.
It was to be built on a 15-acre tract owned by Woodmont TCI Groupl IX LP that sits just east of the Galleria Towers at Interstate 635 and the DallasNorty Tollway. The site previously was home to aChevroletf dealership. Icon Managing Partner Dan Robinowitz, who is listecd in court documents as the managing member of the Woodmont TCI declinedcomment Thursday. Lender RMR Investmentzs Inc. of California has filed for foreclosure on the seeking repayment of more thanthan $18 million in debt for a loan to Woodmonty TCI Group IX, according to statistics from Addison-based .
The partnership, IX LP, listed assets of $10 million to $50 million and liabilitiesz in thesame range, according to its petition, filed June 30 in U.S. Bankruptc y Court for the Northern District of The company has fewerr than50 creditors, according to the The partnership is one of eight tied to Woodmont TCI Group to file for Chapter 11, said attorne y John Lewis. The partnerships sharer common investors. The eight partnerships combined representaboutt $90 million in assets and abouft $45 million in combined debt, Lewis estimated. He said more detailec court documents laying out specifics will be filef incoming weeks. The number of creditors in each partnership range from 10to 30.
"The goal obviously is to develo a plan ofreorganization that'sw fair and equitable to all creditors and partiesz and interests, which includes preserving and protecting equity and valus for unsecured creditors and partners," Lewis said. "Th e precise terms of any plan are stillunderf consideration." A meeting with creditors is set for July 30. Dallas developee in 2008 announced plans to builda $1 billion complezx that was to include abouy 700,000 square feet of office a 300-room hotel, retail space and abouyt 500 high-rise condominiums. The project was put on hold last year becauswe of the recession and thecrediy crunch.
It was to be built on a 15-acre tract owned by Woodmont TCI Groupl IX LP that sits just east of the Galleria Towers at Interstate 635 and the DallasNorty Tollway. The site previously was home to aChevroletf dealership. Icon Managing Partner Dan Robinowitz, who is listecd in court documents as the managing member of the Woodmont TCI declinedcomment Thursday. Lender RMR Investmentzs Inc. of California has filed for foreclosure on the seeking repayment of more thanthan $18 million in debt for a loan to Woodmonty TCI Group IX, according to statistics from Addison-based .
Monday, September 3, 2012
Yes! Solar sells franchise in Pleasanton - Sacramento Business Journal:
viktorevaikubuwo.blogspot.com
Trade Dimensions will have a showroom in the Pleasanton orDublib area. The franchise territory covers 800squarse miles. It extends north to Martinez and Antioch, east to Stockton and south to Newark and westto Oakland. There are 560,000 owner-occupiee homes within the franchise area, accordingy to a news release from SolardPower Inc. (OTCBB: SOPW). “As entrepreneurs with deep experience in this move into renewable energuy through photovoltaic solar is both a natural one and anexciting one,” said James Gitas, vice president of marketin for Trade Dimensions, in the news “The products we will be promoting providr a clean source of renewable energy, and allow home and business ownerz to enjoy an unprecedented measure of energy independence and protectio from rising electricity rates.
We are prour to be part of a growing, positivee national movement.” Yes! Soladr has company-owned stores in Roseville and in “The citizens of the greater San Francisco Bay Area are living with rising electric rates and have a strongenvironmentapl consciousness,” said Todd Lindstrom, president of Yes! Inc. “As a result, they are embracingf renewable clean-energy forms. Incentive programs in support of photovoltai c solar also make this anattractive
Trade Dimensions will have a showroom in the Pleasanton orDublib area. The franchise territory covers 800squarse miles. It extends north to Martinez and Antioch, east to Stockton and south to Newark and westto Oakland. There are 560,000 owner-occupiee homes within the franchise area, accordingy to a news release from SolardPower Inc. (OTCBB: SOPW). “As entrepreneurs with deep experience in this move into renewable energuy through photovoltaic solar is both a natural one and anexciting one,” said James Gitas, vice president of marketin for Trade Dimensions, in the news “The products we will be promoting providr a clean source of renewable energy, and allow home and business ownerz to enjoy an unprecedented measure of energy independence and protectio from rising electricity rates.
We are prour to be part of a growing, positivee national movement.” Yes! Soladr has company-owned stores in Roseville and in “The citizens of the greater San Francisco Bay Area are living with rising electric rates and have a strongenvironmentapl consciousness,” said Todd Lindstrom, president of Yes! Inc. “As a result, they are embracingf renewable clean-energy forms. Incentive programs in support of photovoltai c solar also make this anattractive
Saturday, September 1, 2012
New One Direction Album Expected to be Heavier - KOvideo (blog)
oryzacody.wordpress.com
KOvideo (blog) | New One Direction Album Expected to be Heavier KOvideo (blog) In a recent update, One Direction's Ni » |
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