Raytheon, Applied Signal merger progresses UPI.com WALTHAM, Mass., Dec. 30 (UPI) -- US company Raytheon has started its cash tender offer for all shares of Applied Signal Technology Inc. as part of its ... |
Friday, December 31, 2010
Raytheon, Applied Signal merger progresses - UPI.com
gardellaorymiid1354.blogspot.com
Wednesday, December 29, 2010
Tyler Technologies posts higher profit - San Antonio Business Journal:
weighted-junefour.blogspot.com
The company’s profit for the year includeda non-casj legal settlement related to a warrantx charge of $9 million associated with litigationb tied to stock purchase warrants owned by . During the fourtgh quarter, Dallas-based Tyler Technologies (NYSE: TYL) posted operating incomew of $9.7 million, up from operating incomer of $9.6 million during the same quartertin 2007. Revenue for the quartetr hit $69.5 million, a 15.1-percent increase from $60. million during the same periodc ayear prior. During the the company saw its software software services, subscriptions and maintenance jump 17.8 percent. For all of Tyler Technologies recorded an operating incomewof $28.1 million, up from $26.
8 million the year prior. Revenuer for the year also jumped 20.6 percent, hittinb $265.1 million, up from $219.8 milliojn the year before. For 2009, the company says it has a backloh in ordersof $240 million and a strongv balance sheet. Still, Tyler Technologies says firsrt quarter earnings will not reachh the same level as earnings recorded in the fourth quarterof 2008. The compan anticipates 2009 revenue will be in the rangeof $292 to $298 It also expects earnings per share to hit the 66 to 72-centsa per share range.
The company’s profit for the year includeda non-casj legal settlement related to a warrantx charge of $9 million associated with litigationb tied to stock purchase warrants owned by . During the fourtgh quarter, Dallas-based Tyler Technologies (NYSE: TYL) posted operating incomew of $9.7 million, up from operating incomer of $9.6 million during the same quartertin 2007. Revenue for the quartetr hit $69.5 million, a 15.1-percent increase from $60. million during the same periodc ayear prior. During the the company saw its software software services, subscriptions and maintenance jump 17.8 percent. For all of Tyler Technologies recorded an operating incomewof $28.1 million, up from $26.
8 million the year prior. Revenuer for the year also jumped 20.6 percent, hittinb $265.1 million, up from $219.8 milliojn the year before. For 2009, the company says it has a backloh in ordersof $240 million and a strongv balance sheet. Still, Tyler Technologies says firsrt quarter earnings will not reachh the same level as earnings recorded in the fourth quarterof 2008. The compan anticipates 2009 revenue will be in the rangeof $292 to $298 It also expects earnings per share to hit the 66 to 72-centsa per share range.
Sunday, December 26, 2010
Medicare spending: Shrinking budgets to limit services as demand surges - Sacramento Bee
ethelbertdiya3334.blogspot.com
Medicare spending: Shrinking budgets to limit services as demand surges Sacramento Bee By 2029, Medicare won't have enough money to pay for the benefits that members consume, according to the 2010 Medicare trustees report. ... Medicaid fraud crackdown to affect where seniors buy medical equipment Medicare Fraud On The Increase, New Plans Implemented To Prevent It Voice of the Day Cost of Caring: CoxHealth bears costs of uninsured |
Friday, December 24, 2010
Money Fund Assets Shrink to $2.788T in Latest Week - ABC News
http://www.jerzydrozdbasses.com/stock/stock-bass-guitar-jerzy-drozd-excellency-47308.html
Money Fund Assets Shrink to $2.788T in Latest Week ABC News Assets of taxable money market funds in the retail category rose $3.55 billion to $739.88 billion for the week ended Tuesday, the Washington-based mutual ... |
Tuesday, December 21, 2010
Another drop in Colorado sales-tax revenue - Pittsburgh Business Times:
http://shadowhour.com/index.php/show-notes/89-1062010-lady-mimi-lansou-and-the-magical-world.html
percent — in May from the same month the year girding legislators for what they expect will be another round of cuts innext year’s fiscal With the state most of the way through a fiscal year that ends on June 30, no more cuts are likelt for this year, said Joint Budgeg Committee Vice Chairman Jack Pommer, a Democratic representative from Boulder. The Legislatured has designated that any further funding shortfall this year will be filles by money fromthe state’s undesignated reserve fund and from a one-dayt borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanse the six JBC member who setthe state’s budget must begibn looking soon at additional ways to scales back expenses or services in next year’s fiscal plan, severakl members said. “I guess this means we’rr not out of the woods yet,” Pommefr said. “We’re going to have to prepare for more cuts next year on top ofwhat we’ves already made.” Legislators filled a $1.4 budget shortfallk over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-funde d accounts and cutting about $300 million in services.
As revenuexs continue to come inbelow forecast, that talk will beginn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.3 million or 19.7 and corporate income taxes dropped by $2.2 million or 13.2 State reserves have about $148 milliohn that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding however, that will only push the problemm of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’res starting to see recovery, or not?” Ferrandinok said.
“We’re starting to see some indications that the economg is starting to if notlevel off.”
percent — in May from the same month the year girding legislators for what they expect will be another round of cuts innext year’s fiscal With the state most of the way through a fiscal year that ends on June 30, no more cuts are likelt for this year, said Joint Budgeg Committee Vice Chairman Jack Pommer, a Democratic representative from Boulder. The Legislatured has designated that any further funding shortfall this year will be filles by money fromthe state’s undesignated reserve fund and from a one-dayt borrowing of other funds to be repaid on July 1.
the continued fall of revenues below expectations meanse the six JBC member who setthe state’s budget must begibn looking soon at additional ways to scales back expenses or services in next year’s fiscal plan, severakl members said. “I guess this means we’rr not out of the woods yet,” Pommefr said. “We’re going to have to prepare for more cuts next year on top ofwhat we’ves already made.” Legislators filled a $1.4 budget shortfallk over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-funde d accounts and cutting about $300 million in services.
As revenuexs continue to come inbelow forecast, that talk will beginn again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last Individual income taxes fellby $66.3 million or 19.7 and corporate income taxes dropped by $2.2 million or 13.2 State reserves have about $148 milliohn that can be used to offset revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding however, that will only push the problemm of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’res starting to see recovery, or not?” Ferrandinok said.
“We’re starting to see some indications that the economg is starting to if notlevel off.”
Sunday, December 19, 2010
Cutting dealers won't save Chrysler much money - Washington Business Journal: Washington Bureau
chauezhelolocu1622.blogspot.com
Both Chrysler and General Motors, which plans to close 1,100 dealerships by Octobert 2010, contend they need to reduce the size of thei r dealer networks in order to be more competitive with Toyot aand Honda, which sell more cars in the U.S. with a lot fewe r dealers. Chrysler, in a bankruptc y court filing, argues that trimmingy the ranks of its dealerz will boost the profitability of the dealersthat remain, enablinfg them to invest in improvements that will drived up sales.
"After a period of time, and substantially improves marketingand investments, overall sales in the reducex network are anticipated to grow beyon current sales levels within the existinvg network," Chrysler contends. That'sa highly unlikely, according to the National Association ofAutomobile Dealers. "There's not an auto executive that I know ofthat doesn'tf acknowledge that when a dealership closes, they lose marketg share," said David Hyatt, NADA's vice president of publi affairs. Cutting costs was not a majo factorin Chrysler's decision.
The auto maker will save some administrativer expenses by having a smaller dealer network to but that's about it. Dealers buy theier cars before the vehicles the payfor shipping, front the costes of any rebates or warranty work, and purchaswe repair equipment. Dealers provide "a robust distribution networik at virtuallyno cost" to auto makers, Hyatt "We're an asset, not a liability," said Wade an auto dealer in Montpelier, Vt., who is schedulef to lose his Jeep franchise June 9.
Walker and aboutt 300 other Chrysler dealers have challengecd theauto maker's request for a bankruptcy judgs to terminate their dealership agreements and pre-emp t state laws that would require Chrysler to give dealers more time to wind down theit businesses. Chrysler has been working to reduce its dealefr network for several That process, however, needs to be accelerated becausse of its proposed alliancd with Fiat, it contends. Bankruptcy courts routinely terminatde contracts if doing so benefitsthe debtor's estate and is an exercisr of sound business judgment, Chrysler states in its Chrysler dealers, however, contend abruptly closingt dealerships doesn't meet this threshold.
"There is no evidence that by rejectinh dealership agreements New Chrysler will save monet to any material degree or enhance its competitive position in the automobile states a filing made by the Chrysler NationaklDealer Council. "To the contrary, closing dealerws narrows distribution andreduces Chrysler's sale and income as fewer dealers buy fewer cars and retail salee are lost to other brands." Chrysler's bankruptcy judge is schedulef to hold a hearing on this issue June 3.
That same day, the Senates Commerce Committee is scheduled to hold a hearingy on the Chrysler and GMdealership "These companies cannot be allowedx to take taxpayer funds for a bailout, and then leaved local dealers and their customers to fend for themselvez with no real notice and no real help," said committe Chairman John D. Rockefeller IV, D-W.Va. "Wr must ensure that the auto dealers are treated equitably and have the opportunityt to unwind their operations in a manner that will minimizse hardships to employees who lose their jobs and communities that areadverselyg impacted," said Sen.
Kay Bailey Hutchison, Hutchison was encouraged by a promise from Chrysler PresidentyJames Press, who told her the companyg would help the terminated dealers sell theire vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislation that wouldf give the dealerships an extra 60 daysbeforde closing. Meanwhile, auto dealers and members of Congress are lobbyinbg President Barack Obama and his automotive task forced to reconsider the wisdom of closinfg so many dealershipsso quickly.
The Obama administration rejecter theauto makers' initial restructuring plansw and urged them to be more "It should not be the role of governmenty to force these small business owners out of said Rep. Blaine Luetkemeyer, R-Mo., one of severaol House members who sent a letter to task forcr chiefSteven Rattner, foundere of the Quadrangle Group, a New York privatee equity firm. "This decision will not fix the problems of the automanufacturingt industry, yet it will cost our communities good Jeep dealer Walker doesn't think the auto task force "gets "I think it's becausee they're all Wall Street people -- they're not Main Stree t people," Walton said.
Both Chrysler and General Motors, which plans to close 1,100 dealerships by Octobert 2010, contend they need to reduce the size of thei r dealer networks in order to be more competitive with Toyot aand Honda, which sell more cars in the U.S. with a lot fewe r dealers. Chrysler, in a bankruptc y court filing, argues that trimmingy the ranks of its dealerz will boost the profitability of the dealersthat remain, enablinfg them to invest in improvements that will drived up sales.
"After a period of time, and substantially improves marketingand investments, overall sales in the reducex network are anticipated to grow beyon current sales levels within the existinvg network," Chrysler contends. That'sa highly unlikely, according to the National Association ofAutomobile Dealers. "There's not an auto executive that I know ofthat doesn'tf acknowledge that when a dealership closes, they lose marketg share," said David Hyatt, NADA's vice president of publi affairs. Cutting costs was not a majo factorin Chrysler's decision.
The auto maker will save some administrativer expenses by having a smaller dealer network to but that's about it. Dealers buy theier cars before the vehicles the payfor shipping, front the costes of any rebates or warranty work, and purchaswe repair equipment. Dealers provide "a robust distribution networik at virtuallyno cost" to auto makers, Hyatt "We're an asset, not a liability," said Wade an auto dealer in Montpelier, Vt., who is schedulef to lose his Jeep franchise June 9.
Walker and aboutt 300 other Chrysler dealers have challengecd theauto maker's request for a bankruptcy judgs to terminate their dealership agreements and pre-emp t state laws that would require Chrysler to give dealers more time to wind down theit businesses. Chrysler has been working to reduce its dealefr network for several That process, however, needs to be accelerated becausse of its proposed alliancd with Fiat, it contends. Bankruptcy courts routinely terminatde contracts if doing so benefitsthe debtor's estate and is an exercisr of sound business judgment, Chrysler states in its Chrysler dealers, however, contend abruptly closingt dealerships doesn't meet this threshold.
"There is no evidence that by rejectinh dealership agreements New Chrysler will save monet to any material degree or enhance its competitive position in the automobile states a filing made by the Chrysler NationaklDealer Council. "To the contrary, closing dealerws narrows distribution andreduces Chrysler's sale and income as fewer dealers buy fewer cars and retail salee are lost to other brands." Chrysler's bankruptcy judge is schedulef to hold a hearing on this issue June 3.
That same day, the Senates Commerce Committee is scheduled to hold a hearingy on the Chrysler and GMdealership "These companies cannot be allowedx to take taxpayer funds for a bailout, and then leaved local dealers and their customers to fend for themselvez with no real notice and no real help," said committe Chairman John D. Rockefeller IV, D-W.Va. "Wr must ensure that the auto dealers are treated equitably and have the opportunityt to unwind their operations in a manner that will minimizse hardships to employees who lose their jobs and communities that areadverselyg impacted," said Sen.
Kay Bailey Hutchison, Hutchison was encouraged by a promise from Chrysler PresidentyJames Press, who told her the companyg would help the terminated dealers sell theire vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislation that wouldf give the dealerships an extra 60 daysbeforde closing. Meanwhile, auto dealers and members of Congress are lobbyinbg President Barack Obama and his automotive task forced to reconsider the wisdom of closinfg so many dealershipsso quickly.
The Obama administration rejecter theauto makers' initial restructuring plansw and urged them to be more "It should not be the role of governmenty to force these small business owners out of said Rep. Blaine Luetkemeyer, R-Mo., one of severaol House members who sent a letter to task forcr chiefSteven Rattner, foundere of the Quadrangle Group, a New York privatee equity firm. "This decision will not fix the problems of the automanufacturingt industry, yet it will cost our communities good Jeep dealer Walker doesn't think the auto task force "gets "I think it's becausee they're all Wall Street people -- they're not Main Stree t people," Walton said.
Thursday, December 16, 2010
GM Tonawanda hosting recycling event - Orlando Business Journal:
acklinegymejac1362.blogspot.com
The one-day event June 6 from 9 a.m. to 1 p.m. at Planf 5 on Vulcan Street, is co-sponsored by Erie County, Buffalo and the Northwesgt Solid WasteManagement Board. Last year’sz event received 56,325 pounds of electronic 247 bicycles and a truck full of Electronics equipment is a source ofrecycled steel, plastic, copper and Items being accepted this year TVs, computers, monitors, keyboards, printers, fluorescengt bulbs, cell phones, rechargeable VCRs, and DVD players, clothing, textiles, and Clothing and textiles will be reusedr at Goodwill retail locations or Bicycles will be used for bike safety education or recycled by Blue Bicycle and Recycle-a-Bicycle New for this year, Buffalko ReUse will accept used or new shop and garden tools, such as brooms, ladders, wheelbarrows, hammers and saws.
“This is a naturak extension of what we doat work,” Plant Managefr Steve Finch said in a statement. “Our plan has been landfill-free in manufacturing since 2006. We recycle or reusew all of our waste, so this evenf to help the community recycle is a natural fit for us atGenerall Motors,” he said.
The one-day event June 6 from 9 a.m. to 1 p.m. at Planf 5 on Vulcan Street, is co-sponsored by Erie County, Buffalo and the Northwesgt Solid WasteManagement Board. Last year’sz event received 56,325 pounds of electronic 247 bicycles and a truck full of Electronics equipment is a source ofrecycled steel, plastic, copper and Items being accepted this year TVs, computers, monitors, keyboards, printers, fluorescengt bulbs, cell phones, rechargeable VCRs, and DVD players, clothing, textiles, and Clothing and textiles will be reusedr at Goodwill retail locations or Bicycles will be used for bike safety education or recycled by Blue Bicycle and Recycle-a-Bicycle New for this year, Buffalko ReUse will accept used or new shop and garden tools, such as brooms, ladders, wheelbarrows, hammers and saws.
“This is a naturak extension of what we doat work,” Plant Managefr Steve Finch said in a statement. “Our plan has been landfill-free in manufacturing since 2006. We recycle or reusew all of our waste, so this evenf to help the community recycle is a natural fit for us atGenerall Motors,” he said.
Tuesday, December 14, 2010
Restaurateur Norman Brinker dies - Business First of Buffalo:
ignatiywulyxura.blogspot.com
Brinker passed away Monday night leaviny a legacy casual dininh restaurants built on what Phil Romanio called a vision of developinyg the casual dining restaurantf concept where diners are treated not to fast foodor full-out fine dining, but to a places where people can eat everyday. “One of Norman’ s biggest attributes was that he was a greatf leader anda cheerleader,” Romano said. “Hd would take people’s talents and developl them beyondtheir abilities.” grew into a restauranrt company that guided chains like , On and Maggiano’ws Little Italy.
Dallas-based Brinker (NYSE: EAT) in the past year sold the restauranrt chain created byPhil Romano’s Macaroni Grill. Romano credits his frienxd Norman Brinker for taking his creativd vision and growing it into a majofrnational chain. “The industry is going to miss him,” Romano said. “Norman had the abilityy to take something andgrow it. That’s his Romano added that Norman Brinker wasa “good man” who taught him quitew a bit about the restaurant industry and also quitr a bit about leadership.
Brinker passed away Monday night leaviny a legacy casual dininh restaurants built on what Phil Romanio called a vision of developinyg the casual dining restaurantf concept where diners are treated not to fast foodor full-out fine dining, but to a places where people can eat everyday. “One of Norman’ s biggest attributes was that he was a greatf leader anda cheerleader,” Romano said. “Hd would take people’s talents and developl them beyondtheir abilities.” grew into a restauranrt company that guided chains like , On and Maggiano’ws Little Italy.
Dallas-based Brinker (NYSE: EAT) in the past year sold the restauranrt chain created byPhil Romano’s Macaroni Grill. Romano credits his frienxd Norman Brinker for taking his creativd vision and growing it into a majofrnational chain. “The industry is going to miss him,” Romano said. “Norman had the abilityy to take something andgrow it. That’s his Romano added that Norman Brinker wasa “good man” who taught him quitew a bit about the restaurant industry and also quitr a bit about leadership.
Saturday, December 11, 2010
Dublin, Columbus schools get grants for diesel-cutting - New Mexico Business Weekly:
dayton-simhadri.blogspot.com
million is headed to Dublin and unde r a second round of state grants aimed at cuttingf dieselengine emissions. The on Monday announced recipients of the seconsd and final round of Diesel EmissionsReduction grants, a $19.8 million program created in 2008. The firsg round sent nearly $7.3 million to 10 including the , operator of the region’sw bus system. In the winners disclosed Monday, Dublinn was cleared for $464,658 whil e the Columbus school system receiveda $918,0290 grant. Officials from Dublin and the schoopl district told thestate they’re usingb the money to replace vehicles with lower-emission alternatives.
Dublinb plans to replace eight 1999- or 2000-modelo short-haul diesel trucks, while the school district is usinf its grant to replace 15 buses producedin 1990. Projectxs that received awards are required to put up at least 20 percent of the cost in matching The grant program looks specifically at publicx and private diesel equipment owners in Ohio countiesd that fall short of air quality The largest grant among the 16 went to the and to refitr four locomotives with new That Cincinnati-area project was awarded $4.
6
million is headed to Dublin and unde r a second round of state grants aimed at cuttingf dieselengine emissions. The on Monday announced recipients of the seconsd and final round of Diesel EmissionsReduction grants, a $19.8 million program created in 2008. The firsg round sent nearly $7.3 million to 10 including the , operator of the region’sw bus system. In the winners disclosed Monday, Dublinn was cleared for $464,658 whil e the Columbus school system receiveda $918,0290 grant. Officials from Dublin and the schoopl district told thestate they’re usingb the money to replace vehicles with lower-emission alternatives.
Dublinb plans to replace eight 1999- or 2000-modelo short-haul diesel trucks, while the school district is usinf its grant to replace 15 buses producedin 1990. Projectxs that received awards are required to put up at least 20 percent of the cost in matching The grant program looks specifically at publicx and private diesel equipment owners in Ohio countiesd that fall short of air quality The largest grant among the 16 went to the and to refitr four locomotives with new That Cincinnati-area project was awarded $4.
6
Wednesday, December 8, 2010
Equifax: Small biz bankruptcies double in March - Tampa Bay Business Journal:
http://www.hyundaiofathens.com/finance.html
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubled in March 2009 fromMarch 2008, Equifac noted. "The March numberse provide a snapshotof what's been happening to the small businesx sector during this period of economic turmoil," said Reza head of Equifax's North American Commerciak Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcies are in thoswe parts of the country where home prices have decreased dramatically, unemployment has increasecd significantly, and credit has become tighter.
" For the Equifax analyzed both Chapter 7 and Chapterr 13 filings. Chapter 7 is a liquidation proceeding in whichb a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enablin filers to pay off debt over a set perioof years. Equifax reviewed and analyzesd small business datafor March, the most recentf month for which complete data is available.
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doubled in March 2009 fromMarch 2008, Equifac noted. "The March numberse provide a snapshotof what's been happening to the small businesx sector during this period of economic turmoil," said Reza head of Equifax's North American Commerciak Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptcies are in thoswe parts of the country where home prices have decreased dramatically, unemployment has increasecd significantly, and credit has become tighter.
" For the Equifax analyzed both Chapter 7 and Chapterr 13 filings. Chapter 7 is a liquidation proceeding in whichb a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enablin filers to pay off debt over a set perioof years. Equifax reviewed and analyzesd small business datafor March, the most recentf month for which complete data is available.
Monday, December 6, 2010
NACA to add more than 1,000 jobs in Charlotte - Tampa Bay Business Journal:
http://reeeview.com/MSI-Wind-Clones-Netbook/Proline-U100-UMPC/
The hiring will begin with the national nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansiojn Thursday, with the state giving NACA a $1 millioh grant from the One NorthbCarolina Fund. It plans to invest more than $4 milliob here, with 1,014 jobs expected to be addesd over the nextfive years. “North Carolinaw remains a strong presence inthe U.S. financw sector, and this is a tremendouw opportunity forthe Charlotte-area,” Perdue said. “Ou r top-rated business climate and skiller financial-services work force are attractive to growingvnational operations.
” NACA is headquartered in Boston and operatew more than 40 offices nationwide. It currently employw about 100 workers in Mecklenburg Counth to originate and processmortgage loans. Underd the five-year state incentive agreement, the organization plansz to add 550jobs immediately. The jobs will pay an averagw annual wageof $35,982. Salaries will range up to $80,0000 annually. The hiring will focus on mortgager negotiators, customer-service representatives, call-center manageras and mortgage counselors. “NACA is excited that it’s putting more than 1,000 people to work during thes e tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’zs announcement is more than just a soundbite — we are following through on this investment by holding a jobs fair tomorroq to hire 550 people Perdue said Thursday that she consulted with formee Bank of America Corp. Chairman Hugh McColl Jr. about the McColl has been a longtim e supporterof NACA’s work. BofA began a partnershi p with NACAunder McColl’s watch in 1995 and in 2004 committef $6 billion to its lendinf program. Perdue says McCollp confirmed to her that he expected NACA could follow through on its job commitmentsw in severalphone conversations.
“When someonde begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good place to find (a work I would hope it would be an eruption of jobs, not just tricklre down.” The group claims it will be the largestg number of people hired immediately in one area and the largestt job commitment in the country sincde the mortgage crisis began in 2007. The hirin g comes as NACA embarks on a nationwide Save theDreajm Tour. Marks says the added jobs are crucial as NACA leadw its campaign to makemortgagews affordable.
Hundreds of NACA stafd will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive because of our knowledgeablee financial-services work force and we welcome NACA’es investment in North Carolina,” N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotte East offic e park off Albemarle Road betweenj Central Avenue and FarmPond Lane. “Charlottw continues to be recognized as a leadetr in financial services with a talented and experienced labor says Charlotte Chamber ChairmanTim Belk.
“We are pleaserd to welcome NACA to the community and look forward to the investmeny in jobs and presence they will bringv to ourEast side.” The chamber assistes NACA in its expansion effort. Charlotte East owneer Roger Kellogg, principal of , and leasing director Eric Speckmah have worked closely with NACAsince 2007, when the nonprofit established a smal office in the park. NACA has legally bindintg agreements with all themajor lenders/servicers to restructure the mortgagesa they service. The NACA agreements cover more than 90 percenyt of homeowners with anunaffordable mortgage.
The staff from the Counseliny Center in Charlotte will travel nationwide to work on Save the Dream events where morethan 25,009 people are counseled over four days, with thousandxs receiving affordable restructured mortgages with permanent interest ratea often at 4 percent, 3 percent and 2 percenft and where necessary the principal reduced. The started in 1988, has the primary goal of buildinh strong, healthy neighborhoods nationwide througnhaffordable homeownership. NACA operations include financial specialized mortgage services and a Home Save program for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridaty and Saturday at its CharlotteCounseling Center. For more informationm about Neighborhood Assistance Corporatiojnof America, including employment go to www.naca.com.
The hiring will begin with the national nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansiojn Thursday, with the state giving NACA a $1 millioh grant from the One NorthbCarolina Fund. It plans to invest more than $4 milliob here, with 1,014 jobs expected to be addesd over the nextfive years. “North Carolinaw remains a strong presence inthe U.S. financw sector, and this is a tremendouw opportunity forthe Charlotte-area,” Perdue said. “Ou r top-rated business climate and skiller financial-services work force are attractive to growingvnational operations.
” NACA is headquartered in Boston and operatew more than 40 offices nationwide. It currently employw about 100 workers in Mecklenburg Counth to originate and processmortgage loans. Underd the five-year state incentive agreement, the organization plansz to add 550jobs immediately. The jobs will pay an averagw annual wageof $35,982. Salaries will range up to $80,0000 annually. The hiring will focus on mortgager negotiators, customer-service representatives, call-center manageras and mortgage counselors. “NACA is excited that it’s putting more than 1,000 people to work during thes e tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’zs announcement is more than just a soundbite — we are following through on this investment by holding a jobs fair tomorroq to hire 550 people Perdue said Thursday that she consulted with formee Bank of America Corp. Chairman Hugh McColl Jr. about the McColl has been a longtim e supporterof NACA’s work. BofA began a partnershi p with NACAunder McColl’s watch in 1995 and in 2004 committef $6 billion to its lendinf program. Perdue says McCollp confirmed to her that he expected NACA could follow through on its job commitmentsw in severalphone conversations.
“When someonde begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good place to find (a work I would hope it would be an eruption of jobs, not just tricklre down.” The group claims it will be the largestg number of people hired immediately in one area and the largestt job commitment in the country sincde the mortgage crisis began in 2007. The hirin g comes as NACA embarks on a nationwide Save theDreajm Tour. Marks says the added jobs are crucial as NACA leadw its campaign to makemortgagews affordable.
Hundreds of NACA stafd will provide long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive because of our knowledgeablee financial-services work force and we welcome NACA’es investment in North Carolina,” N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotte East offic e park off Albemarle Road betweenj Central Avenue and FarmPond Lane. “Charlottw continues to be recognized as a leadetr in financial services with a talented and experienced labor says Charlotte Chamber ChairmanTim Belk.
“We are pleaserd to welcome NACA to the community and look forward to the investmeny in jobs and presence they will bringv to ourEast side.” The chamber assistes NACA in its expansion effort. Charlotte East owneer Roger Kellogg, principal of , and leasing director Eric Speckmah have worked closely with NACAsince 2007, when the nonprofit established a smal office in the park. NACA has legally bindintg agreements with all themajor lenders/servicers to restructure the mortgagesa they service. The NACA agreements cover more than 90 percenyt of homeowners with anunaffordable mortgage.
The staff from the Counseliny Center in Charlotte will travel nationwide to work on Save the Dream events where morethan 25,009 people are counseled over four days, with thousandxs receiving affordable restructured mortgages with permanent interest ratea often at 4 percent, 3 percent and 2 percenft and where necessary the principal reduced. The started in 1988, has the primary goal of buildinh strong, healthy neighborhoods nationwide througnhaffordable homeownership. NACA operations include financial specialized mortgage services and a Home Save program for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridaty and Saturday at its CharlotteCounseling Center. For more informationm about Neighborhood Assistance Corporatiojnof America, including employment go to www.naca.com.
Friday, December 3, 2010
North Shore theater likely to liquidate - Charlotte Business Journal:
afanasenkobexa.blogspot.com
Theater executives announced Tuesday that the financially distressed theater has failecd to raisethe $2 milliohn it needed to put on 2009 although more than $500,000 in pledges have been made since the theateer announced a turn-around strategy in mid April. “Ther thing we know is that we’res not putting on a 2009 season. I think the very likelyu consequence of that is that we will very quicklg go outof business,” said Davi d Fellows, chairman of the North Shorse Music Theatre board.
“Whether it’s Chapter 11 or Chapter 7 — it’s completely up in the air at the Without a production seasonthis year, the theate is unable to address the substantiao debts of its creditors and restore the theater’s economicc health, said Fellows. The theater is approximately $10 million in debt, including largw mortgages on its property and buildings and debts to the Stateof Massachusetts, and subscribers who paid in advanc e for the 2009 season. Fellows said most of the theater’s 4,40p0 subscribers are unlikely to get theirdmoney returned. Subscriptions cost upwards of $350 per seat.
Theater executives are in discussione with senior creditors and are reviewing a liquidatiomn to maximize the value ofthe theater’s assetse for its stakeholders as well as identifhy potential “friendly” buyers of the propert y who might consider a lease back of the theater, Fellowsw said.
Theater executives announced Tuesday that the financially distressed theater has failecd to raisethe $2 milliohn it needed to put on 2009 although more than $500,000 in pledges have been made since the theateer announced a turn-around strategy in mid April. “Ther thing we know is that we’res not putting on a 2009 season. I think the very likelyu consequence of that is that we will very quicklg go outof business,” said Davi d Fellows, chairman of the North Shorse Music Theatre board.
“Whether it’s Chapter 11 or Chapter 7 — it’s completely up in the air at the Without a production seasonthis year, the theate is unable to address the substantiao debts of its creditors and restore the theater’s economicc health, said Fellows. The theater is approximately $10 million in debt, including largw mortgages on its property and buildings and debts to the Stateof Massachusetts, and subscribers who paid in advanc e for the 2009 season. Fellows said most of the theater’s 4,40p0 subscribers are unlikely to get theirdmoney returned. Subscriptions cost upwards of $350 per seat.
Theater executives are in discussione with senior creditors and are reviewing a liquidatiomn to maximize the value ofthe theater’s assetse for its stakeholders as well as identifhy potential “friendly” buyers of the propert y who might consider a lease back of the theater, Fellowsw said.
Wednesday, December 1, 2010
Diversity in nonprofit world is invaluable - Kansas City Business Journal:
http://www.softcome.com/gb/about.html
To this end, MCFI is three years into an agencywidr diversity program that is yieldinvg positive results in terms ofclieny satisfaction, staff morale and employee recruitment. The agency provides rehabilitation services to individuals with speciapl needs andtheir “We want to make diversity intertwinex in the fabric of the organization,” said Al Hill Jr., directo r of diversity, learning and development and head of the initiative. Hill leadw a 15-member MCFI diversity team chargef with implementingthe program.
In assemblingh the team, Hill recruited employees not just ofdifferen ethnicities, genders and ages, but also from different levelsw of management and nonmanagement and from different unita within the agency. In the initiative is not “top down,” with management but “bottom up,” with team members soliciting input from their peers to brinv tothe team. “One time we even kickee Al out of the room becaused he was too close to an issue we werestruggling with,” laughed Joua Xiong, a human resourceas generalist and team member. Within Milwauke e Center for Independence, the team focusews on education.
“Cultural competency is invaluable when working with familieain close-knit communities, such as Hmong and Russian,” Hill “We help our case managers know what they need to be sensitivs to.” For example, Xionv said, some Asians feel it is disrespectful to look someonw in the eye. Russian families can be reluctant toadmit non-Russian caregivers into their homes. “Understanding the values and practicesz of different ethnic groupxs helps us retain clients and gainnew clients,” she said.
The team distributerd an internal survey that foundthat work-life balancer is a key concern of In response, it establishecd a working parents employee resource group to explorse the issue. Also, an MCFI “buddy” program matches new employees with seasoned staff members who actsas mentors. Externally the diversitty team is helping to improved employee recruitment by studyinvg best practices to make the centef a welcomingwork environment. “Diversity is an asset when especially in highly competitive fields such as physicalp therapyand nursing,” said Added Hill, “Today’s applicants are looking at your organization as much as you’r looking at them.
They want to feel comfortable beintg who they are inthe workplace.” To aid in the team has formedc alliances with area diversity groups such as Hispanic Professionalsd of Greater Milwaukee, the National Blackl Nurses Association and several minority fraternitiezs and sororities. In addition to a periodixc newslettercalled “Diversity Corner,” the team sponsors an annual Diversitg Day. This year’s eventy in April included a speakere on diversityin action; two spoken word artists performing poetrh about social justice and equalityy issues; and talks about the culturd behind ethnic food and wearing apparel. A popular part of the evenft was “Diversity Jeopardy!
”, where four employee teame joined inspirited competition. It is not easy to make a majodr shift in the culture of anentirde organization, but diversity team members feel MCFI’s initiative is havingv an impact. “Since I’ve been on the I’ve heard stories about how people are much more aware ofothef cultures,” said Xiong, who is Hmong. “Ij have grown tremendously professionally as well as and I am able to share my experiences with my familyt members and dispel theid stereotypes about certainother cultures.
”
To this end, MCFI is three years into an agencywidr diversity program that is yieldinvg positive results in terms ofclieny satisfaction, staff morale and employee recruitment. The agency provides rehabilitation services to individuals with speciapl needs andtheir “We want to make diversity intertwinex in the fabric of the organization,” said Al Hill Jr., directo r of diversity, learning and development and head of the initiative. Hill leadw a 15-member MCFI diversity team chargef with implementingthe program.
In assemblingh the team, Hill recruited employees not just ofdifferen ethnicities, genders and ages, but also from different levelsw of management and nonmanagement and from different unita within the agency. In the initiative is not “top down,” with management but “bottom up,” with team members soliciting input from their peers to brinv tothe team. “One time we even kickee Al out of the room becaused he was too close to an issue we werestruggling with,” laughed Joua Xiong, a human resourceas generalist and team member. Within Milwauke e Center for Independence, the team focusews on education.
“Cultural competency is invaluable when working with familieain close-knit communities, such as Hmong and Russian,” Hill “We help our case managers know what they need to be sensitivs to.” For example, Xionv said, some Asians feel it is disrespectful to look someonw in the eye. Russian families can be reluctant toadmit non-Russian caregivers into their homes. “Understanding the values and practicesz of different ethnic groupxs helps us retain clients and gainnew clients,” she said.
The team distributerd an internal survey that foundthat work-life balancer is a key concern of In response, it establishecd a working parents employee resource group to explorse the issue. Also, an MCFI “buddy” program matches new employees with seasoned staff members who actsas mentors. Externally the diversitty team is helping to improved employee recruitment by studyinvg best practices to make the centef a welcomingwork environment. “Diversity is an asset when especially in highly competitive fields such as physicalp therapyand nursing,” said Added Hill, “Today’s applicants are looking at your organization as much as you’r looking at them.
They want to feel comfortable beintg who they are inthe workplace.” To aid in the team has formedc alliances with area diversity groups such as Hispanic Professionalsd of Greater Milwaukee, the National Blackl Nurses Association and several minority fraternitiezs and sororities. In addition to a periodixc newslettercalled “Diversity Corner,” the team sponsors an annual Diversitg Day. This year’s eventy in April included a speakere on diversityin action; two spoken word artists performing poetrh about social justice and equalityy issues; and talks about the culturd behind ethnic food and wearing apparel. A popular part of the evenft was “Diversity Jeopardy!
”, where four employee teame joined inspirited competition. It is not easy to make a majodr shift in the culture of anentirde organization, but diversity team members feel MCFI’s initiative is havingv an impact. “Since I’ve been on the I’ve heard stories about how people are much more aware ofothef cultures,” said Xiong, who is Hmong. “Ij have grown tremendously professionally as well as and I am able to share my experiences with my familyt members and dispel theid stereotypes about certainother cultures.
”
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