New GM's No. 1 charge: identify talent - ESPN (blog)

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New GM's No. 1 charge: identify talent ESPN (blog) His replacement needs to be able to identify talent above all else. Whether he's identifying it to be coached by Mike Mularkey in his scheme or for a new coach he gets to hire, he's got to provide an influx of players who can change the fortunes of ... and more »

Allen Americans take 4-1 win over Fort Worth Brahmas Saturday - Dallas Morning News (blog)

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The Business Journal of Milwaukee: Milwaukee Commercial Real Estate Listings - View Commercial Real Estate

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Big backers aim to build local banks - Dallas Business Journal:

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The practice has netted millions for Texas bank CEOs and theilocal investors. Now, big institutional investors are following the same game Instead of startinganother bank, former bank CEO Nigelk Harrison instead chose to build a bankinv company called , backed by institutional that aims to build a string of medium-sized communit bank franchises. That's a common achievement for the big-bank operations when they arrivde in a new but FC, the parent operation of , is tryingh to build a network of locall operations. It opened its second office, at Coit Road and Interstats 635 inNorth Dallas, on March 3. Harrison'd FC Holdings Inc.
aims to open a half-dozen Dallas bank offices in the first halfof 2008. "Wd provide the capital and back office, and they get the opportunithy to go out and do what they do said Harrison, who sold a priod institution called to for $123 million in 2005. In addition to his own money andlocal investors, FC Holdings landed a $150 millionb commitment from , a New York City privat equity firm. FC Holdings used the first $75 million of that deal to acquireFirst , in the town of Crockett, last November. "A s I can testify myself, raising money is hard work," said Jim a former bank CEO and senior managingt director of Commerce Street Capitalin Dallas.
"Once got JLL, that's it. He's got his money tied up." Whil they can provide more capital inone shot, institutions are more likely to push bankersd for an exit strategy than individual investors, Gardner said. Gardner's Commerce Streetr is an institutional investor in 28 community banksin California, South Carolina and other states. In most instances, the formere boss goes with thebank that's sold. In he chafes at beinfg part of a larger organization and leavee to startanother bank. That is what led Gerole Hooker, at age 62, to starr instead of retiring.
Hooker was CEO of , which sold in 2002 to and has grown by acquisition to be the 12th biggest bank in the In starting thenew bank, Hooker said it was good to "get away from the institutional feel and a cookie-cuttetr bank." Hooker's new institution, Bank of Las raised $8 million in start-uo capital, with 51% comintg from Michigan-based (NYSE: CBC), whicb has backed 62 community bank startups, mostly in the Southwest and California. Hookeer and his No. 2 man, Brad chief credit officer, could have raised the moneg fromlocal investors, but Capitool Bancorp brings administrative support in addition to its $4.08 million to the "The value is that back-roonm operation.
They handle legal, accounting HR, all that stuffg that's not fun," Tidwelll said. "The fun part is takingy care of customers and doing deals. That's what we want to focuws on." His first two Texazs ventures, Las Colinas and Bank of Fort got startedin December. Las Colinas officially opene d forbusiness Dec. 13 and finishecd the year with $11. 4 million in total assets, including $9.7 millionm in net loans and leases. Local bank chiefz in Texas are able to sell and stargt over because big banks must have a structurewthat doesn't allow for the same agility and customee service that locally owned banks offer, Harrison Big local banks run into that as well.
"Aftedr running over half a billion (in assets) I startee bumping up against a lot of that structure that biggerd banks haveto have," he said. With the FC Holdingx network, Harrison aims to build a networki of sister banks with six to 10locations each. With anotherd $75 million available to FC Holdings has grown It had 24 branchew statewide and a dozen aroundc the greater Houston area at the endof 2007. In additionm to lining up six branch locationsin Dallas, the grouo has hired a half-dozen lenders to drum up business in the says Frank Brinegar, First Community Bank's Dallas Brinegar and his bankers will targeg the owner-run companies like most other community bankw do.
That segment, he said, hasn'tg been affected by macroeconomic uncertainties. "We think the market is stillo very strongin Texas."

LendingTree expands product offering - Silicon Valley / San Jose Business Journal:

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According to the its customer-retention technology identifies customera byloan amount, loan-to-valuse ratio, loan purpose and FICO “With refinancing activity from borrowers representing a significangt portion of overall origination our lender network has expressex a desire to capture and retain current mortgage customers,” says Bob Harris, president of the LendingTrese Exchange. “As part of the LendingTree network, banke and lenders that use ournew customer-retention initiative will be able to significantly impact the ratio of overall mortgage portfolio retained, just as effectivel y as they can attract new LendingTree is owned by Charlotte-based an online lending and real estat company.
Tree.com’s principle businesses are LendingTree, whicu matches potential mortgage borrowersto lenders, and which works with individuals seeking homes and real estatwe agents. LendingTree says it has facilitated more than 25 millionm requests for loans onlinewand $185 billion in closerd loan transactions.

Boys' basketball: Trinity League is looking strong - Los Angeles Times

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Boys' basketball: Trinity League is looking strong Los Angeles Times The Trinity League is always close to the best in high school football and now the teams in basketball are getting very good, too. Santa Ana Mater Dei (10-0) could have some competition when league play begins on Jan. 2. Orange Lutheran (10-0), St ...

Hockey: Ice Vault Holiday Tournament Preview - The Star-Ledger - NJ.com (blog)

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The Star-Ledger - NJ.com (blog)

Hockey: Ice Vault Holiday Tournament Preview The Star-Ledger - NJ.com (blog) Don Bosco Prep of Ramsey and St. Joseph of Metuchen amassed the most points in their respective divisions in the round robin tournament last winter. St. Peter's Prep finished second to Glen Rock in its division in points, but skated past the Bergen ... and more »

Endura Advisory adds player in local retail real estate market - Phoenix Business Journal:

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With Altomare, Endura officially enters a new sector of the commercialp realestate industry: The retai l market. “Adding him is a quantun step forwardfor us,” says Held of Altomare, who will head up the retaiol services division for Endura. “W always knew we needed to have aretaill platform,” adds Lundblad. The adds Held, was finding the right persojn forthat platform. Says Held: “(Altomare’s) name surfaced to the top more thananyoner else’s.
” Over the years, Altomare has represented severa l noted players in the local retail game — includingy national shopping-center owners , and On the tenant Altomare’s client list included , and Dick’s Sporting Goods. Altomares comes to Endura after 15 yearws with United CommercialRealty (UCR) San Antonio — wherew he served as a partner in the firm. “It’z a great group,” says Altomare of UCR, adding that his experience thers wasvery rewarding.
“ I will miss the UCR family a UCR co-founder Guyla Sineni adds that UCR, too, will miss “We wish him well,” she The move to Endura was not one that Altomare made But in the firm, he says he saw an opportunity to pursuee “a new set of challengesa and opportunities” — including the chance to build a retailk division in a young, albeir aggressive, brokerage house. Held and Lundblasd founded Endura in latesummetr 2007. The two founded the firm with a focus on clienyservices — including leasing, property management and investmeny sales for the localo office and industrial real estate And now the retail industry is being added to the mix.
“Wr are extremely flattered (Altomare) joined us,” Lundblad “As we have been (flattered) by the others who have joinefd us. They took a leap of All of the Endura partners hail from larger realestate firms. For example, Held and who serve as senior partner inthe firm, were previously with and , Joining Lundblad from NAI REOC was Rick LaGrange. Rounding out the slat e are heavy hitters Teresa Corbin and Vickie who came to Endura by wayof ; and Albert who was previously with & Investments. It is a grouo that, as Held puts it, left the securitgy of a “bird’s nest on the to stake its claim in a fledgling firmlike Endura.
But in the 17 monthsa since openingits doors, Enduras is living up to its moniker — which alludes to Held says. To date, the firm leasees some 3.4 million square feet of office spac e and manages another 1 million squar feet ofoffice assets. The firm also has more than $130 milliom worth of assets that it is marketint for sale forvarious

Braves get help to add pitcher - Atlanta Business Chronicle:

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Atlanta’s Japanese businesses, the local consul genera and his predecessors played a key role in helpin the Braves secure the servicexs ofKenshin Kawakami, a formetr Japanese All-Star who could help the Bravez rebound from a brutal 2008 season. The Braves signedx Kawakami, their first Japanese-born player, Jan. 13. To get Kawakami, the Bravesa knew they would have to convincethe 33-year-olx pitcher that Atlanta would be a comfortablse place for him to live and work. The Japanese consulate told the Braves that Georgiaw is hometo 8,000 Japanese nationals and, said Takuj Hanatani, the Japanese consuk general in Atlanta, there are many Japanese bookshops and food stores.
More than 350 Japanes companies are located in employing 35,000 people, accordingt to Hanatani. Armed with that information, Bravess General Manager Frank Wren made his pitcbh to Kawakamiand Kawakami’s agent, Dan Evans. “Thed agent said at the winter meetings that the presentation Fran and his staff made wasvery crucial,” said Bravesw President John Schuerholz. “There were several teamsz interested. The Braves were the team they wantexd togo to.” Schuerholz said the team has been determinerd to get into the Japanes market for years.
His first foray, seven or eight years ago when he was still the team’s general manager, began with meetings with the local Japanese consular office. Schuerholz, now about a year and a half removede from his retirement as general said the talkswere “alll with the hope someday A) be able to find a Japanese playert we could sign and B) we’d have the support community to an adequate degree to have some kind of Schuerholz said without that knowledge the team might have been more but, regardless, it was “determineds to get into that market.
” Mike Pierson, a consultant who worksx with local consulates and who has been a Bravese season-ticket holder for 16 years, helpede to facilitate the conversations. “They were able to tell Kawakamo that they had a thrivingJapanese community,” Pierson “They used that as a selling point.” The Japanesre consulate in Atlanta oversees five states: Alabama, North Carolina, South Carolina and That region is home to 763 Japanese representing an investment of $20.8 billion and employing more than 95,009 people. Japanese companies in Georgia includde electronicsmanufacturer , farm equipment manufacturer , , , airlinre .
Hanatani, who attended Yale and then Harvar dLaw School, said Japan ranks second in direcgt foreign investment in the Unitexd States after the United Kingdom. He credited the work of his George Hisaeda andShoji Ogawa. “This matter was passexd on by my predecessor and his Hanatani said. “I am lucky to get all of the The first consul general to start conversationss with the Braves in the hope that they woulxd sign a Japanese playerrwas Hisaeda, who left that officwe in February 2005. Ichiro Suzuki became ’x first everyday Japanese player in 2001 when he signed with the and he was aninstanrt sensation, winning the Most Valuable Player and Rooki of the Year award that season.
Hisaeda’s pitch was one of economixc development: Ichiro had increased tourisk to Seattle fromJapan and, accordin to Pierson, Hisaeda presented a research paper to the Bravesa on the topic through Andrew Young, former U.S. ambassadort to the United Nations. Hisaeda’s Ogawa, also was a big baseball fan and pursuefthe topic. Meetings among Braves front offics officials, the Japanese consulate and the loca l led to group including one game in which the Japanese organizationsz brought a groupof 235. the consul general, threw out the firstr pitch.
At the January news conference in which Kawakami was introducesd to thelocal media, the Japanese American societh hosted a private reception. “He was very impressed with Pierson said. “It made a very good The Braves are in the process of hiring a personal trained and a translator who possesses a strongt knowledge of baseballfor Kawakami. That translator also would servs asa driver. “From our perspective, we’res really excited,” Schuerholz said.
“We strengthened our pitching with his acquisitionand we’vr taken our giant step forward — hopefully not the last in our engagementr and scouting the Asia n market and bringing quality Japanesw and other Asian players.”

Lender retains Ward Parkway Center - Kansas City Business Journal:

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million during a foreclosure sale on thestep Thursday. The bid was entered by A.G. Seifert, managing directo of the real estate finance groupfor 's Chicag office. There were no subsequent The sale was conducted by FordNelson Jr. of , who spenft about 30 minutes reading a legal description of the property beforre openingthe bidding. The shopping center, at 8600 Ward Parkway in Kansazs City, previously was owned by one of severa l partnerships formedby , a New York opportunity fund operator; and a retail real estate investment trusty based in Beachwood, Ohio. In 2003, Babson pareny of Springfield, Mass.
, financed the partnership’s purchase of the Developers Diversified owns a 20 perceng stake and Coventry an 80percent stake. On Jan. 2, a $35 millio loan on the shoppingcenter matured, and on Jan. 6, the lendefr sent the owners a formal noticedof default. On Feb. 17, anotherd Coventry-Developers Diversified partnership that owns the stalledc Merriam Village shopping centerf in nearby Johnson County received a defaulgt notice ona $17 million land loan that had matured on Jan. 20. Foreclosuree proceedings have not been announced forthat project, however.
Robim Lybarger, a spokeswoman for Developers Diversified, said March 10 that the foreclosurs resultedfrom “our majority partner’e failure to fund a mortgage Developers Diversified’s local holdings include , in Leawood and in Overland Park.

Opus East, West to file for bankruptcy - Memphis Business Journal:

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will file a petitioj for Chapter 7 that includes Opus East andselecgt subsidiaries. Phoenix-based Opus West anticipatex filing a voluntary petition of Chapterr 11 bankruptcy protection inearly July, according to a compan y press release. "Declining real estate values and tight credit marketss continue to impede the refinancing of assets and restructurinvg oflending agreements,” said Opus CEO Mark Rauenhorsrt in a statement. "We regret that this action has proven to be necessary despite the efforts of so A court-supervised process and transfer of distressed assets will assis Opus in reorganizing and focus on the Opus East has developed more than 13.
3 million square feet of space since 1994. Opus West has developed more than 52.7 milliobn square feet since 1979. These bankruptcies come on the heels of the April 22 bankruptcyof , an Opus affiliatr based in Atlanta. Opus has said it plans to wind down its operationzs in that part of the country as Opus has said it plans to continue to run its remaininfoperating companies, , based in Chicago, and , basexd in Minnetonka. Those units are activelhy pursuing projects. They also have been less affectedc bythe recession, due to their mix of project healthy balance sheets and strongedr markets, according to Opus' press release. Opus said its development activityu has fallen tojust 4.
8 million square feet in down from 34 million square feet in 2007 and 35 millionj square feet in 2008.

Green Township OKs Mercy hospital plan - Business Courier of Cincinnati:

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The plan passed 3-0. “We’re very pleased to get to this stagew and excited to take thenext step,” said Pete Gemmer, spokesmanb for Mercy. “We realize there is stil a lot of work to do and we look forwardx to continuing to work with the residentsx and the township leaders to develop a hospital everyone can be proud The project will now be submittedx to the Hamilton County Regional Commission for probablynext month, Gemmer The planned hospital and parking areass would cover about 40 acres and sit near to Interstate 74. The to cost $200 million, couls open in early 2014.
The propose d site is 60 Mercy has said it will clos e itstwo West-Side Mercy Hospital Western Hills and Mercy Hospital Mount The new hospital, with 200 to 250 will be a replacement for them. Some residents in the area had expressex concerns about increased traffic as a resuly ofthe hospital, whose main access road woulde be from North Bend Road, at roughlgy the midway point between Kleeman and Gemmer said a traffic impact study through the Hamiltob County Engineer’s Office is nearlyu complete.

Economic Imbalance Worsening, Think Tank Warns - - Caixin Media

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Economic Imbalance Worsening, Think Tank Warns - Caixin Media In a report published on December 12, the China Academy of Social Sciences (CASS) said the structural imbalance in the country's growth model, measured by its self-devised index, has significantly worsened over the past decade and more. CASS is a ... Economic reform essential, China warned The Border Mail  »

Former Engle, Standard Pacific exec forms new company - Washington Business Journal:

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Funding for the new venture has been secured withJEN Partners, a New York-basex private equity firm. Joseph Carl Homees will focus on finishing existing developmentsz in the Phoenix area that have come to a halt because of the tankedhousing “We believe the Phoenix market is ready for the building of high quality homes at appropriate market pricesx and will be well-serveed by a locally based, regional builder that can provide customerss with more homes at attractive Mulac said. The first development that Josephu Carl Homes will build in is an infill Arboleda Ranch at 29th Streef and Baseline Road near South Mountain according to the statementreleasecd Wednesday.
The company plans to builf homes that are moderately pricedfrom 1,200 to 4,0009 square feet in size. Mulavc previously oversaw Engle Homesin Phoenix. That Florida-based companyh is going through Chapter 11 reorganization and let go most of itsArizonq staff.

SMF Energy announces $40M recapitalization - Washington Business Journal:

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The company (NASDAQ: FUEL) said in a news releases that it estimates the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interest and dividendsz by more than $1 million a year. It said shareholders' equity has been increased by morethan $4 million as a result. SMF Energty said it extinguished all of itsexisting non-bank debt and outstandingv preferred stock through variouxs agreements with dozens of existing debt and equity investors, whilew converting its existing $25 million asset-based lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
867y million in secured notes and $125,000o in unsecured notes. The company said it issued new stockk to make up the balance paid for the cancellationh and extinguishment of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalization took placd with amended agreements withand . It said the only non-bano debt incurred in the recapitalization was an unsecurer subordinated promissory noteof $800,000 at 5.
5 percenrt interest issued to an existingh institutional investor in exchange for $800,000 of one of the August 2007 11 percent senior secured convertible promissory The institutional investor also exchanged $200,000 of the same securesd note for shares of commonn stock priced at 38 cents a which was greater than the closint bid price of the stock on the day before the effectivse date. acted as SMF Energy’s placemenrt agent for the recapitalization and receivedr feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investment banking SMF Energy supplies specialized transportation and distributiojn services for petroleum productsand chemicals.
It providezs commercial mobile andbulk fueling, along with other services to the manufacturing, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conductedr operations through 31 service locatione in11 states. Shares closed down nearly 3 cent to about35 cents. The 52-weekk high was 71 cents on Aug. 28. The 52-weeo low was 10 cents on Feb. 20.

AMISOM Oo Sheegtay Iney Sugayso Amaanka Wadada Isku Xirta KM50 Iyo Marko - Mareeg

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AMISOM Oo Sheegtay Iney Sugayso Amaanka Wadada Isku Xirta KM50 Iyo Marko Mareeg Muqdisho, Dec. 04, 2012, (Mareeg.com): Taliska Guud ee ciidamada Midowga Afrika ee AMISOM ayaa sheegay inuu dhawaan qaadi doono tallaabooyin lagu xaqiijinayo ammaanka waddada isku isku xirta magaalada Marka iyo deegaanka KM 50 ee ...

Why the Kumzari tongue consists of ancient words with a future - The National

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Why the Kumzari tongue consists of ancient words with a future The National Ferrari festival shows why Italians do it better · Why the Kumzari tongue consists of ancient words with a future · The Hot List: Bright and cheery buys · Manhattan nights even better during winter · Sejal Nagjee, the gardening guru with an eye for ... and more »

Atlanta Business Chronicle: Cold calls? Staying aggressive.

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Now, less than half that the team is tryingy to gain groundon Atlanta's leaders in retail The Shopping Center Grouo LLC and Colliers Spectrum Cauble Inc. The problenm is that the real estate boomis over, and the retaio sector may be doing worse than any "This is a difficult time, but it also presentxs opportunities for people who want to go out there and get aftet it," said Tony Cerniglia, vice presiden of CBRE Retail Services. Cerniglia, whose work is almosg always on the landlord side ofthe business, said that'xs the area CB Richard Ellix is looking to grow.
Whiler CB Richard Ellis is the largest brokerage house in Atlanta based on sales volume andleasing it's not the biggest player in retail. But, Cerniglia says he is tryinyg to increasehis team'ws size and profile. CBRE is workinv more with lenders who have been forced to take back nonperforminh retail centers from the developerswho couldn't generate any positive cash flow on the With commercial property values down abougt 30 percent even on Class A retail, and consumer spendingf still way off the pace of recent years, many retail owners are seeing their propertiews go back to the bank.
"You know, for the first time that I can I'm having to qualify the owners we may end up workinf with as much as I dothe tenants," Cerniglia said. Cerniglia'sd team has about 1.2 million square feet of retail to leas e upin Atlanta. And there are a few big fish out thersto catch. CB2, an offshooty of home furnishings chainCrate & Barrel geared towarc Generation Y, is considering whether to enter the Atlantsa market. Crate & Barrel, based in Ill.
, that Atlanta is one of the metroareae it

Business First of Buffalo:

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Cannon Design named Elisabeth Perreault associatevice president. As a seniore project designer, she focuses on the design of learning andpublic environments. Shawna president of BWI Health Promotions, receivexd two nationally accredited wellness management certificationzsthrough NWI/WebMD. Eileen Jain Sahai joined the environmentall group at HarterSecrest & Emeryt LLP. She will focus on environmental due regulatory compliance, land use and zoning. The Greater Buffalol Building Owners & Managers Associationm Inc. named Jennifer Aiple executive director. She will promote the interestse of commercial office building ownersand   Paetec Holding Corp. hired two new employees.
Williamn Vona was named senior account executive and Keitbh Radford regional directorof sales. Vona will providd telecommunication services toBuffalo businesses. Radford will oversee a team of sales andsupporft representatives. Seal & Design Inc. promoted James Sweeney Jr. from operationsx manager to vice president. He has been with Seal Design since 1995.   Curbell Electronic Inc. promoted Shawn Heeter to directo r of manufacturing and Karen Clemensz tomarketing director. Heeted will focus on improving processeesin production, collaborating on new product designs and maintaininyg production methods.
Clemens will oversees the product management and brand management teamsa in themarketing department. Nussbaumer & Clarke Inc. hiredf Shawn Meegan as an level 1 in the civilengineerinf department. Quality Inspection Services Inc. named Donalrd Herzog operations manager of theDepew office. He is a militaryt veteran and a former vice president of a locakl financialrecovery agency. New England Financiakl recognizedNathan Way, a partner with Benefitt Concepts, and Frank Rapini, financiak representative, LUTCF as top producers and for meeting standardw of professional achievement in 2008. Brisbaned Consulting Group LLC named CarleMealey CPA  senior analyst.
Her responsibilities include matrimonial dissolutions, valuation of closely held businesses, professionao licenses and forensic accounting.    The Hope for Tomorrosw Foundation named three members to their They are: Kenneth Anthone MD, Alex president of Campanella Orthotics and Prosthetics; and Ursula executive vice president of Campanella The foundation donates surgeries and medical supplies for childre n and the elderly in Third Worl d countries. Amanda Lowe and Amanda Kellgy of  HoganWillig have been admitted to the New YorkStatwe Bar. Both graduated from the University at Buffaloo Law Schoolin 2008.
  John Iacono, vice president and bankingv center manager for Bank of America joinedf the Amherst NorthRotary Club. The Rotary honored David Whalen of the Disabilityy Awareness Programs for his 20 years of dedicatee service improving the lives of peoplewith  Stephanie Nasso joined the Buffalo office of Veracit Benefits. She has 10 years

Cashing in on aging boomers - Puget Sound Business Journal (Seattle):

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“People wanted nothing to do with thematurew market,” said Maddy Dychtwald, senior vice president of the company in San Francisco. Now, the consumet products and servicesindustry can’t stop thinkinf about the mature market, especially since a baby boomer turns 50 every 8½ At 78 million people, boomers represent one-thirdr of all adults in the Unitedd States. They control half of the nation’e wealth and, at least beforse the recession, were spending $2 trillion on consumer products and servicedsa year. Boomers were expected to account for aboutf 40 percent of spendingby 2015, according to a repory in 2007.
So, retailers and marketers are eage to figure out how to reach this Some in the consumer products and services industry are gettinfit right, while many others still have much to learn — and lose, said experts who specializr in marketing to baby boomers. Marketing to this 19-yead generation is proving tricky. Althougbh boomers are lumped together, they’re a diverse groupo with divergent life experiences given that they rangre in age from 44to 63. And like the rest of the they range from affluent to financially The way to market to boomers is by individual life stagssegments — such as empty-nesters and grandparenta — without mentioning age, consultant said.
“They refuse to be called seniors. That is the worst thingg you can do tothis group,” said Alicr Jacobs, a Roseville baby boomer who advises companies on generational marketing and teaches seminars and classes on the including through UC Davis Extension. Although generalizinfg of boomers should bedone sparingly, older baby boomerws refuse to grow up. They think old age starts around 75or 80, said Matt founder of , a marketinvg research and consulting firm in Virginia. Boomerss see themselves as vibrantand active. They like trying new servicedsand products, despite the myth that they are spokesman Anthony Deluise said.
The associationh of people 50 and older no longer uses inits name. Boomersx like print advertising because they want lots of Boomers also pay attention tonew media, and will click on eye-catchinyg Internet ads. This generation also likes products, services and shoppinhg experiences that make them feel specialand pampered, consultants They don’t want to merely eat or buy things. They want to they want experiences. This is especially true sinc therecession started. Many boomers who are 60 had expectedd to retire over the nextfive years. Now, they will likelg work an extra thred to five years because oftheir hard-higt investments and pensions, Dychtwald said.
The good news is they won’tt be on a fixed income and will still spend. But their free time will be more limited. More boomerzs will be working and raising childrej or grandchildren while also dealinbg with their own sick Asa result, “experience over thingxs become valued,” Dychtwald said. “There is a real shiftf going on right now on what peopleare valuing.” Boomeres in particular want to be responsible consumers. “It’d not about buying stuff to have Thornhill said. Lifestyle centers — whicjh combine upscale storeswith restaurants, entertainment and comfortable placezs to linger — provides the experiences that boomers want.
Localk examples are Sacramento’s Pavilions center and The Fountainsin

ยิงครึ่งเดียว!ผีหวิดดับแซงเร้ดดิ้ง4-3นำ3แต้ม - สยามกิฬา

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สยามกิฬา

ยิงครึ่งเà¸"ียว!ผีหวิà¸"à¸"ับแซงเร้à¸"à¸"ิ้ง4-3นำ3แต้ม สยามกิฬา ContentType="text/html; charset=tis-620"%><% response.ContentType="text/html; charset=tis-620"%> เริ่มเกมมาไà¸"้ 4 นาที โอกาสแรกเป็นของท ีมเยือน อันแà¸"ร์สัน จ่ายบอลให้ แอชลี่ย์ ยัง ไà¸"้ปั่นà¸"้วยขวาทางริมเส้นฝั่งซ้ายแต่บอลหลุà¸"กรอบออกไป นาทีที่ 8 กลายเป็น เร้à¸"à¸"ิ้ง ... and more »

Giants' Design for Desperation: Heave Into End Zone, Jump, Exhale - New York Times

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New York Daily News

Giants' Design for Desperation: Heave Into End Zone, Jump, Exhale New York Times EAST RUTHERFORD, N.J. â€" Every Saturday morning before every Sunday game, the Giants gather at the team's training center and take part in a walk-through. They do not wear pads, just team sweats, but the walk-through is designed to simulate situ ations ... Total View: Packers vs. Lions Total Packers  »

Six developers propose slots parlors in Maryland - Washington Business Journal:

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Developers plan to build at least 10,550 slot machine s at five locationsaround Maryland, said Donalxd C. Fry, chief executive of the and chairmanj of the panel responsible for reviewing the State law authorizes a maximumof 15,000 Each of five locations allowed by statw law received bids -- in Baltimore Anne Arundel County, Cecil County, Allegany County and Worcester County. Thus, one location receivedc two bids; Fry would not say which locatiohthat was. Dozens of boxes were wheeled into the Departmenft of Legislative Services building in Annapolisa by2 p.m. on Monday. Marylaned Lottery Commission staff began poring throughthe documents.
Once it learn more details, the panel will announce further details at a3 p.m. meetinvg Tuesday, Fry said. LLC, a subsidiary of Baltimore's Cordish Co., issued a statement that it had submittefd anapplication "to develop a world-class, destinatio n casino with 4,750 video lottery terminals at Arundel Milld Mall." "The Arundel Mills a leading tourist attraction in the state and one of the premierw attractions in the country, is the ideal location for the Anne Arundel Countuy facility, and one of the premier locations in the Uniterd States for a casino/entertainment project," the company said in a Beyond its optimal location, strongt consumer awareness, and ideal vehiculatr access, Arundel Mills offers unbeatable retail and entertainment amenities to complement a premiere gaming facility.
" Last Hard Rock International and Banks Contracting Co. Inc. in Baltimore or Anne Arundel. The , owner of Laurelp Park, has also said it plannedc on submitting a bid to builda

Former Austrian Minister on Trial for Corruption - ABC News

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ABC News

Former Austrian Minister on Trial for Corruption ABC News A former Austrian interior minister and EU lawmaker accused of influence peddling pleaded innocent Monday, telling a court he suspected U.S. secret service agents had set him up and that he had played along to catch them red-handed. On the first day of ... Ex- EU lawmaker Strasser "harmed European politics" Reuters European lawmaker Strasser on trial for corruption Chicago Tribune Former MEP on trial in cash-for-amendments scandal EUobserver.com Presseurop (English)  »

Frederick A. Henderson Executive Profile

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Henderson also serves as chairmanof GM

Amway to set up R&D Centre for health, beauty segments - Economic Times

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Economic Times

Amway to set up R&D Centre for health, beauty segments Economic Times CHANDIGARH: Direct selling major Amway India today said it will open research and development centre soon for making India specific products, including ayurvedic, organic in health and beauty segments. "We will open R&D centre in India. The focus of ... and more »

Fontainebleau Las Vegas company files Chapter 11 - South Florida Business Journal:

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Fontainebleau Las Vegas LLC and two of its affiliates – Fontainebleau Las Vegas Holdings LLC and Fontainebleau Las Vega s Capital Corp. – filed bankruptcy petitions in Miami late The Miami Beach hotel is not included in the The company said in a news release that the decision to file Chaptefr 11 was the direct result of litigationb with lenders on the Las Vegasa hotel construction project that had to do with contractual disputeas related tonearly $800 million in construction fundinhg for the $2.9 billion resort-casino project, whichy is 70 percent complete. Lenderx include , and Deutsche Bank Trust Co.
The legal dispute has effectively shut down the projectgand “put thousands of people out of work,” said Howarsd Karawan, chief restructuring officer of Fontainebleau Las in the release. “Our goal now is to secure funding to complet ethis world-class project and restructure our existint debt.” Fontainebleau Las Vegaes reached a provisional agreement with a group of its non-defaultinvg lenders for the use of cash for the administrationm of its bankruptcy case, and is in negotiationd to obtain financing to restart construction on that project.
Fontaineblea u Miami Beach, which is a separats legal entity, continues to operate as TurnberryWest Construction, the project’s general contractor, is also not includedf in the filing, according to the news In 2008, Nakheel Hotels of Dubai bought a 50 percentf interest in the Fontainebleau Miami Beach for $375 The Las Vegas hotel companies that filed bankruptcyu are based in South Florida becauss the Soffer family of Aventura, whichg also owns the Turnberry development and construction owns all the Fontainebleau companies. Jeffrey Soffer is a principalk of umbrella company FontainebleauResorte LLC, according to state records.
Fontainebleau Las Vegae also withdrew without prejudiceits $3 billio lawsuit in Las Vegas against some of its and refiled the case in Miami bankruptcyh court, where the Chapter 11 petitions were filed. The lawsuit with lenders was amendexd on May 12 to include allegations that Deutsche BankTrustg Co. Americas was “seeking to destroy the Fontainebleau in order tominimize competition” with the nearbu and Casino, which is wholl y owned by a Deutschw Bank subsidiary. "This claim is an attemp by the Fontainebleau's developers to distract from the fact that they have breache d theirloan covenants.
We will defends ourselves vigorously against thismeritlessw allegation," Deutsche Bank spokesman John Gallaghed said in an e-mailed response. Fontainebleaju Las Vegas LLC lists morethan $1 billion in debt and a similard amount in assets on its petition, with more than 1,00 creditors. The only South Florida creditor lister was International Bedding inFort Lauderdale, with a claim of $498,737.

Europe Insurance Regulator Urges Stricter Oversight of Riskier Activities - Fox Business

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Europe Insurance Regulator Urges Stricter Oversight of Riskier Activities Fox Business The head of Europe's insurance regulator on Wednesday called for stricter oversight of companies that behave more like investment banks, delving deep into activities that pose risks for the entire financial system. "We need to limit any potential ... and more »

Van Dyck reopening - Jacksonville Business Journal:

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Its new owners, the McDonald family, invested $500,000 to remodelo the landmark jazz venue, located in the heart of the city’a historic Stockade area. “It’s a great venue, and we hope it will be a destinationn place. We think it’s goinh to be great addition todowntown Schenectady,” said Jeff McDonald, who will managw the venue with several The McDonalds also own Pinheafd Susan’s, and . All are located in Schenectady. A microbrewerty located in a building behind theVan Dyck—builr by former owner N.
Peter Olsen—will open in three or four The beer brewed there will be sold at the Van Dyck andthe family’sx other three venues, McDonaldd said. The Van Dyck will servse lunch and dinner Monday through and dinner on It will featurelive instrumental, vocal and comedh entertainment Thursday through Saturday, beginning the week of July 7. The mid-pricerd menu will offer sandwiches, specialty pizzas and American Renovations on the historic jazz club include mahogan paneling and a refinished mahogany mosaic flooring in thebar area, new carpetinh and an expanded loft.
The outdoor patio is newly with a privacy fence that has new cobblestone The center stairwell in the lobbyu was moved to the right for betterpatron flow, and the bar was shortened to create more dinin g space. “We’re really happy with how thingzsturned out,” McDonald said. The entertainment room seatsa 150; the restaurant, bar and patio area seat another 175. Olsen closed the Van Dyck in Marcyh 2007. The McDonalds brought the propertyat 235-237 Union St. for $252,00o at auction, plus $147,000 in back taxezs after Olsen defaulted ontwo loans. The family also paid $70,000 for the brewingy equipment. Olsen had defaulted on $525,00 in loans from and the Development Authority.
The bank recovered its money throughthe auction. Metroplezx received some money through the auction and is suinv Olsen to recoverthe rest, Metroplex Chairman Ray Gillen has In all, the McDonaldws invested more than $1 million in the restaurant/entertainmen venue since purchasing it in Octoberf 2008, McDonald said. A list of upcoming entertainmenyt is available onthe club’s Web site, .

Balsillie extends deadline to buy Coyotes until September - Phoenix Business Journal:

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Attorneys for Coyotes owner Jerry Moyes, who wants to sell the team to Balsillie, filee court papers late Thursday saying Balsillie has moves his deadline for buying the team from June 29 to That comes on the heelsof Monday’ s ruling by U.S. Bankruptcy Court Judge Redfield T. Baum that Balsillie’s end of June deadline did not alloe enough time to resolvethe team’s Chapter 11 bankruptcy That ruling was a win for the and city of Glendal who want to block a $213 million sale of the Coyotews from owner Jerry Moyes to Balsillie, who is CEO of Blackberru maker Research in Motion.
In responsee to Baum’s ruling, Balsillie said he is willingf to wait until September to buy the team for the same The NHL and Glendale are trying to find owner that would keep the struggling teamin Arizona. Balsillise contends his offer will be the highest and best He wants to move the teamto Ontario, either for the 2009-10 or 2010-11 season. The Coyote have lost more than $300 million since movinh to the Phoenix marketfrom Winnipeg, Manitoba, in 1996.
Balsillid also wants Baum to order mediation with the NHL over the possibled move including a possible relocation fee that couls addanother $100 million to the purchase

Focus on 'Fiscal Cliff' Talks, Euro Group Meeting - Wall Street Journal

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Focus on 'Fiscal Cliff' Talks, Euro Group Meeting Wall Street Journal But regardless of the developments in Europe, the main focus for traders in the short term remains the U.S. fiscal cliff, for which the country's two main political parties are yet agree on what measures of simultaneous spending cuts and tax increases ... and more »

Kaiser to grant $2M to UCLA Medical School to augment supply of Hispanic doctors - San Francisco Business Times:

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A major goal of Kaiser’s IMG grant is to help primary-carw and family practice doctors trainedd in Mexico and elsewhere in Latin America obtainj licenses to practice medicine in join Golden State residency programds and ultimately workin underserved, poor communities, such as partes of Oakland, the Central Valley, east Los Angeles and southeasrt San Diego. UCLA has received the first installmentof $500,000, accordinhg to a Kaiser spokeswoman. The programn targets international medical schoolgraduates “who are committed to serving California’ vulnerable communities” and need to pass U.S.
medicalk licensing exams, officials at Oakland-based Kaiser and UCLA said in the joinyt Cinco deMayo statement. After grads get U.S. medical the program -- administered througn UCLA’s Department of Family Medicine -- will placew them in family medicine residency program s throughoutthe state. This is an area whers shortages arerapidly developing, especially in poor and officials say the Kaiser grant shoulx help remedy the shortage. “We predict California will face a physician shortagde of upto 17,0000 by 2015 and this shortage disproportionately affectsa underserved communities,” said Dr.
Patrick Dowling, chairmahn of UCLA’s family medicine department and co-founderf of the IMG program. Dowling said approximately 2,500 licensed physicians from Mexico and Latin Americaz live legally in thestater “but are not practicin medicine because they are not yet licensed in this Lorna Fernandes, a Kaiser noted in a May 7 follow-up statement to the San Franciscl Business Times that foreign doctorsz who participate in the UCLA program sign a contract to practice family medicine in an under-serve community immediately after they pass their medical license exam.
The program has three levels, she in two of them, participants agreed to work for three years inan under-served area immediateluy after gaining their license; participantes in a less-comprehensive part of the program agree to 18 monthz of such service. UCLA’s IMG program was formed with private funds in 2006 to increase the numberr of bilingual Hispanic family practitionerdsin California, officials said. Hispanics represen one-third of the state’s 36.5 million population, yet only 5 percen of its physicianwork force.

Mark Cuban thinks selfishness might have played a role in Mavs' skid - Dallas Morning News

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D »

Smithfield says Cudahy fire won

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Patrick Cudahy has resumed limited production activitiese in undamaged portions of its plant at 1Sweef Apple-Wood Lane in Cudahy, including its distributionn center, and has takehn steps to address the supply needzs for Patrick Cudahy products by shiftinhg production to other Smithfield facilities, Smithfiled stated in an 8-K filinf with the U.S. Securities and Exchange Commission. The which was reported on July 5 and declared extinguishec onJuly 8, damaged a portion of the facility’as production space and requires the temporary cessation of operations, but did not consume the entire facility.
The products produced at the facilityhinclude pre-cooked and traditional dry sausage, ham and sliced meats. Patrick Cudahy is a wholly owned subsidiaryof Va.-based Smithfield Foods (NYSE: SFD), and its operating results are reporterd in the company’s pork segment. Annualo revenue for Patrick Cudahy’s packaged meatss business hasexceeded $450 million in recent years, accordinfg to the filing. Smithfield's total sales for fiscak 2009, which ended May 3, were $12.5 billion.
Smithfield maintains comprehensive general liabilityh andproperty insurance, including business interruption with loss limits that company management believese will provide “substantial and broad coveragse for the currently foreseeable losses” arising from the according to the Smithfield anticipates that it will incur “modesf costs” related to deductibles underf available insurance policies, as well as other one-time costs that are not currently expected to be the filing stated.
Smithfield is currently evaluating the damage resultinvg from the fire and continuezs to analyze the expected impacts of the blaze and will share additional detailsx in connection with its fiscal2010 first-quarter earnings release, which is scheduled for Sept. 8. “Bases on management’s current assessmenyt of production options, the expecteds levels of insurance proceeds, and the estimated potential amount of losses and impacg on the PatrickCudahyy brands, which continue to be the company does not believee that the fire will have a material adverse effecr on its results of operations, financialk condition or liquidity in fiscal 2010,” the filingt stated.
Investigators continue to try to determined a cause ofthe fire.

ABQ ranked among 10

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“Kirtland Air Force Base, and Intel have helped develop the area andresearch hub. They providew a stable anchor for the local the magazine said in itsonline edition. Otheer cities that made the magazine’s top 10 list includ e Auburn, Ala.; Austin, Texas; Boise, Idaho; La Wis., and Loveland, Colo. The cities were listeed alphabetically. The magazine will publish the full articlee in itsJuly edition. The onlind article noted that Albuquerque’s “sunnty climate and endless landscape have long drawn poets and artists tothis spot, which includes an unconventionao mix of American Indian, and Anglo cultures.” To rate the cities, U.S.
News lookerd at criteria such asjob growth, climate, housing prices, crime, education, income, availability of healthb care, the cost of livingf and the unemployment rate. Albuquerque Mayor Martin Chavez and city business leaders on Tuesdaty laudedthe ranking. For more, visitt www.usnews.com/bestplaces

CelLynx and Norpac complete reverse merger - Silicon Valley / San Jose Business Journal:

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a developer and manufacturer of cellphone signal-amplificatio n technology, and have completed a reverse the companies announced this week. Norpac (OTCBB: will file for a name change to , and for a stocok ticker symbol change, which would becomes effective earlynext month. El Dorado Hills-based CelLynx is the company’s sole CelLynx shareholders ownabout 61.8 percent of the equituy in the newly merged company. Along with the transaction, all priod Norpac officers have resigned.
They’ve been replaced by the CelLync officers, including founders Daniel Ash, who is servinf as chief executive officer, and Tareq CelLynx’s chief strategy Also in connection withthe merger, the companyu has successfully completed a series of equity financing, raisinb $2 million from a groul of accredited and institutional Under terms of the merger transaction, Norpac issues abouf 1.25 shares of common or preferred stockk in exchange for each share of CelLynxx common stock. CelLynx has developed a product designed to boost cellular signal strengtyh insidea home, office or vehicle by plugging in an unit next to a window.
One of the company’s early investors is Irvine-based .

TEXT-Fitch takes various rating actions on enhanced munis, TOBs - Reuters

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CNBC.com

TEXT-Fitch takes various rating actions on enhanced munis, TOBs Reuters Nov 7 - Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds. Long-term ratings on enhanced ... Fitch Aff irms Volkswagen Auto Lease Trust 2011-A Business Wire (press release)  »

U.S. Bank returns TARP money - Jacksonville Business Journal:

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billion in Troubled Asset Relied Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announceds its plans to redeemk the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasuryh it intends to repurchasethe 10-year warrant it had issuexd along with the preferred “The redemption allows our company to returnb to operating from a position of both independenr strength and strategic flexibility,” said Richard Davis, the company’ds president, CEO and chairman, in a statement. The Treasuryg in May announcedthat U.S.
Bank whicn showed it would be able to ride out the economic downturn without having to raisemore capital. Davixs has of the government’s capital purchase In February he called the program and said the banking industry was pressured to participatw inthe program.

Apple suit over Motorola patents dismissed - Chicago Tribune

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Brisbane Times

Apple suit over Motorola patents dismissed Chicago Tribune Apple suit over Motorola patents dismissed. Google wins round as Wisconsin judge says she lacks authority to set royalties. Email · print. Google Executive Chairman Eric Schmidt. Google's tensions with Apple will only escalate as more than a billion ... Apple Pa tent Suit Is Dismissed New York Times Apple suit vs. Google over patent rates dismissed Boston.com Apple suit against Google tossed out of court MarketWatch  »

Carroll: Suit against NASCAR to continue - Business First of Louisville:

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“Absolutely,” he said Saturday at the Ky. venue, as he stood abou t 25 feet away from current trac ownerBruton Smith, chairman of Smith and Carrolol consider themselves friends, but Smith cannog convince Carroll and his partners to drop the lawsuift filed in 2005 againsg NASCAR and sister company Carroll and his partners builtg the track for $152 million and sold it to SMI for $78.4 million, which includes an assumption of debt of $63.32 million. “Suing NASCAR and suing ISC, … how are they goinbg to make moneydoing that?” Smith said. “I’ve said from day one, I though t it was a bad lawsuit.
” NASCAR has been steadfast in its stancd that the lawsuit must be resolvedbefore SMI, whicu is primarily owned by Smith, can realign a Sprint Cup race date from one of its othere tracks to the 1.5-mile Kentuckh oval. When SMI bought the track, the founders retained their rightz to pursuetheir lawsuit, which allege s that the France-owned sanctioninhg body of NASCAR illegally conspires with the publiclh traded, France-controlled track operating company ISC to keep tracks such as Kentucky from obtaining Cup dates. SMI is consideresd a co-conspirator in the case. A U.S. Districtr Court judge ruled in Januaryt 2008 that there was not enough evidencwfor trial. A three-judge U.S.
Court of Appealw panel is scheduled to hear oral argumentsx in the case July 30in Cincinnati. Decisions on appealsx typically come anywhere from three weeks to six month after the oral arguments in the Sixth Circuit Courtfof Appeals. Carroll said he believes the foundersx have a good chance to win on appeal and says they never consideredf droppingthe case. He said NASCAR is just usingb the Cup dateas leverage. “Remembee now, we’re not the guys that are holding upthe race,” Carrollo said. “We’re not the hold-uo to this race. Never have We have a righyt to dowhat we’re doing.
That’s the reason that we live in this Nobody can bully anybody andnow they’re bullying Bruton. “We’re not goinb to take the blame for not beingb able to movethe race. We know what the fans want here and who is really missing outon it.” Smitu says the founders have a moral obligation to land the race because the state has put $96 million into infrastructur e for the facility. He doesn’t blame Carroll but two of his partners, businessmanh Richard Duchossois (a board member of ) and Chairman Richare Farmer.
Carroll said all of the foundinb owners, including John Lindahlp (a general partner at private equityfirm ) and executivese at , want to continue with the lawsuit. “We’red all together on this Carroll said. “It’s not just Duchossoisw and Farmer. … [We] are not going to change. These are all entrepreneurial people that builf up Cintas andother [companies]. “They’re not going to be intimidatedxby NASCAR. That’s the last thing they’re going to be. If they didn’t feel right about what they’r doing, they wouldn’t go through with anything.
They feel like this is a countruy where they have the right to do If the appeal goes the way wethino it’s going to go, I think we’re going to surprise some people.” And what if they lose? Would they appeal to the Supreme Court? “o think we’ll wait and see what happensd there,” Carroll said about further appeals. “We’ve got some very good legapl minds outof Washington, D.C., and New York and we sort of said whatevet our lawyers think – if they thought this was a wastwe of time [we’d drop it], but they all say, let’s do what we’rs doing.’ “So it’s on.
” If the founderds win their appeal, the case would go back to U.S. Districtf Court for trial and, with appeals, coulds drag on for years. “Iy won’t be a quick turnaround,” Carrollp said about a potential timelinefor “We’re going to see what happens. It’llp be interesting to see what “As long as we’ve got that chancew and worked hard to get it we had 10 yearsin here, tens of million dollars lost – we’ve got the righf to do what we’re I’m not backing out.
”

Minister Oken meets Union Petroleum Minister Veerappa Moily - E-Pao.net

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Minister Oken meets Union Petroleum Minister Veerappa Moily E-Pao.net Minister Oken meets Union Petroleum Minister Veerappa Moily Source: The Sangai Express. Imphal, November 01 2012: In connection with the IOC's new initiative of blocking LPG consumers who have same names, same address or both, Consumer Affairs, ...

Fred Weber wins $4M Mississippi River Bridge contract - Atlanta Business Chronicle:

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awarded Fred Weber a $4.44 millioh contract Wednesday to remove and replace the Madisom Streetand St. Louisx Avenue bridges over Interstate 70 indowntown St. The majority of work on this project will start aftetHighway 40/Interstate 64 reopens between Kingshighway and Interstate 170. Crewds will remove the St. Louis Avenue bridge firstr and then remove and replace the MadisonhStreet bridge. During work to remove the MadisonStreet bridge, crewsx will also remove the Cass Avenure bridge in preparation for replacing that bridgde later in 2010.
This work is part of preliminary work on a new Mississippriver bridge, which is expected to reduce congestion on the Poplar Street Maryland Heights, Mo.-based Fred Weber is one of the largest privately held companies in St. Louis with $353.3 millioh in revenue in 2008. The commercial construction firm is also workingg onthe $245 million reconstruction of AmerenUE’ds Taum Sauk Reservoir in Johnson’s Shut-Inas state park and is part of Gatewayh Constructors, the consortium of contractors performing $535 million worthu of improvements on Highway 40/Interstatee 64.

Sinclair Broadcast Group

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The rating agency put the Hunt Valleu company on anegative outlook, meaning therw are concerns its positiojn could worsen. S&P cited sluggish ad spendinbg in a recession andnonelection year, plus high debt risk for the The downgrade makes it more expensive for the company to borroe money. Sinclair (NASDAQ: SBGI) operates 58 TV stationds across the country but has also investeed morethan $180 millio in other assets, such as real estate, over the past two S&P analysts said. And they were concerned aboutf debt fromthose purchases. The ratio of the company’s debtw to its earnings was 6.3 times as of Marchj 31, according to S&P.
It would need to bring that beloa 6 times to return toa BB- negative rating. But S&P expectss that ratio could hit 7 timez laterthis year. Sinclair posted an $86 millionb loss in the first quarter ofthe year, largelty on a $130 million non-cash Its revenue fell 17 percent that quartef because of declining loca l and national ad revenue.

Cincinnati corporations racking up writedowns - Business Courier of Cincinnati:

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The one-time charges againsg earnings – which represent the writedownof acquisition-related goodwill and other assetd on local balance sheets are another painful indicator of how the economic downturn is zapping local wealth. While investors in these firms likely are not surpriser bythe disclosures, the size of the writedowns makez them hard for anyone to ignore: $965M for Fifth Third ’s goodwill impairment charge of $965 or $1.
64 per share, came after the decline in the bank’s stoco price caused a “difference between market capitalizatiohn and book value” of the The company also took $82 million in non-cash impairmenr charges related to securities, bank-owned life insurances policies and indemnification obligations with credit card compan y Visa. $374.5M for Chiquita took a $374.5 million goodwill impairment chargew to write down the valuw ofits $855 million investment in the produce companyu . CEO Fernando Aguirre blamed “economic conditionds and lower category growth for thedownward adjustment.
$110M for Cincinnati Financia ltook $110 million in “other-than-temporary impairment charges” in the fourth quartedr and $510 million in such charges for the year, sayinv the reduced value of equith securities accounted for 65 percentg of the charges. $92M for American Financial recognized $92 millionb in after-tax charges for other-than-temporary impairments on Morethan three-fourths of these were attributables to fixed-maturity securities, which the companh intends to hold until they recover in $161M, much more to come, for Macy’ws In addition to the $161 million in fourth-quarter impairment chargexs announced by , the company told investors that it’s stillk evaluating a charge for goodwill impairment relatef to its 2005 acquisition of the May Departmenr Stores Co.
It “currently estimatez that the amount of goodwilol to be written down in the fourth quarter of 2008 isbetweehn $4.5 billion and $5.5 or $10 to $12.50 per diluted share. Expertx are split over what it means. “To some degreed it’s a destruction of shareholder saidMark Batty, seniorf equity analyst at in Philadelphia. Goodwilll impairment results whencompanies , in admit they overpaid for an acquisition. They take the charge well afterd the acquisition was But it hurts shareholders because it meand management admits it misjudged the values of assetsit purchased.
Even though the currenft environment has caused many asset values to management is supposed toconsider worst-caser scenarios in valuing those assets. “It’se partially a function of the environment, and management being too optimistic on the earningxpower it’s acquiring,” Batty said. But othersw argue that investors are often aware ofa company’s impairex assets long before charges are “They are an after-the-fact acknowledgement,” said Phil an associate professor of finance at .
“The intelligeng investor already knewthat Macy’s overpaidf (for the May Departmenyt Stores chain) and they’re not goingy to realize the extra earnings that’s supposed to bring. They’vre already discounted that into the price of the One way of gauging the impact of Glasgow said, is to follow the stock prices in the days after a disclosure. If shares decline fastet than the broader it could be a sign that investors were surprisex by the severity ofthe writedown. Anothe expert suggests looking for the underlying reasons for theassetg impairment.

Jacksonville Jaguars face a tough sell with fans this season - San Francisco Business Times:

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About 15,000 season-ticket holders ditched theifr stadium seatsthis year, more than doublinfg the nonrenewal rate of prior years. Bill the team’s senior vice president of stadium operationws and chieffinancial officer, said club surveys showed that 65 percen t of season-ticket holders who did not renew blamedx the economy. He said the team is well off the 43,00o0 season tickets it had sold at this time last year for theapproximatelg 67,000 uncovered seats at Jacksonvill Municipal Stadium. Jacksonville is the NFL’s fourth-smallest market in a statr that has been among the hardest hit by declines in the realestated market.
Coming off an unimpressive performance last seasojn and into a recession that continues to keep Americands from spending beyondthe basics, team executives know they have their work cut out for them. “I think they got kind of a triples whammy this year with the economyt and expectations being alittlew low. Then you look at the home schedule and therwe are not a lot of marquee teams coming to town that will eitherf bring in fans or enticer Jaguars fans to come saidKen Murrah, managing partner of Quint a Ponte Vedra Beach-based sports event agency.
“For people who are making decisiona aboutseason tickets, it makes it easie for them to say, ‘I don’t think the team is goinv to be that good this and hand over those The Jaguars this year are armed with a new grouop sales team appealing to the business communitu to boost sales, pitching 20 percenf savings in group tickets, getting an earlier start on half-packi ticket sales and addingh a new “value pack” for four people that includes drinks and snacks.
Ticket prices remain flat from last The latest effort from the Jaguarw came this week with the announcement of anew 12-mont layaway program for 2010 season tickets in additioh to the previously established five-month layaway It will allow fans to set their own payment schedule and debir the amount automatically from their bank accounrt for a 1.9 percent transaction fee and no “Everyone is doing whatever they can to get peopls in there,” said Tim vice president of business He knows the working-class population that accounts for most of the ticker sales is strained, so management is hopint to drum up the kind of corporate support that is more typicak in other markets.
But with a relativelg small corporate base and shrinkinv budgets acrossthe board, that, too, is likelt to be an uphill battle. Coach Jack Del Rio earlie r this month urged attendeew at a Cornerstone Regional Developmentg Partnership luncheon to buy And the pitch to other business executives and civixcgroups isn’t shying away from the fact that withoutg their support, the Jaguars’ home games might not be “It’s going to be a real strugglse to get blackouts lifted each week,” Connolly Avoiding blackouts and securing local airtime means they will have to fill abou t 50,000 general stadium seats, the approximate equivalent of 10 percengt of Jacksonville’s TV viewing households.
The seats available for football were reducex in 2005 when managementcoveres 10,000 of the stadium’s 77,000 seats. They will remain covered this which team officials said is simplyu because the stadium istoo big, but an indicatiohn to some of the team’s lack of All Jaguars home games met the criteria for broadcast last but three games were blacke out in 2007. Connolly said it’sz too early to project how many games will fail to meet the criteriazthis year. Meanwhile, the nationwides search for corporate sponsor naming rights to the Jacksonvill e MunicipalStadium continues. ’e contract with the stadium endedin 2007.
Mackuy Weaver, executive director of corporate sponsorship, said the Jaguars are trying to be flexible with the terme of the deal, which would likely be a minimumn of 10 years at $5 million per But he conceded that it’sd unlikely a deal will happen this The marketing team is instead focusing on the area’s many other businessexs that support the Jaguars. “Our lifeline is the small-to-medium-sizse companies in Jacksonville, and we need theie support now morethan ever,” Weaver Connolly is quick to point out despite unfavorable conditions heading into the 2009 season, the Jaguarsz have been ranked amongg the top game-day experiences and best tickeft prices, and the team has had a solid performance over the past five years with 45 wins.
And a winninv season this year could openup “We are optimistic as always, because by and at the end of the day, our businesas is most affected by what happens on the field, and I think we’re going to have a prettyy darn good team,” he said. The team this year is headexd by new general managerGene Smith, who in January was promoted from vice The season will open Aug. 17 with a preseasonn game against the Miami Dolphins atDolphin Stadium, followed by a home game Aug. 22 agains the Tampa Bay Buccaneers. The regular seasonm begins Sept. 13 against the Indianapolis Colts at LucasOil Field.

Workers at two MillerCoors plants ratify new deals - Atlanta Business Chronicle:

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and Fort Worth, Texas, have ratifiex new, three-year contracts. The agreements cover more than 900 employees at the two breweriea and provide wage and pension increasex over the course ofthe “Our members overwhelmingly ratifiefd these contracts at MillerCoors because they provid stability for their families,” said Jack Cipriani, director of the Teamstersa Brewery and Soft Drink Workers Conference, which represents workers at the “For the next three years, our members at MillerCoors know that theit wages and pension benefits will increase, which is saying a lot in today’sx economy.
” The contracts call for no health care cost increasex for workers in the first year of the contract and only minod increases for the second and third years, accordint to the union. The new deal also guaranteess that employees who have retired or who will retirew during the course ofthe three-year contractz won’t be required to pay healthg care premiums. “We value all generationds of our members, so we made sure that there were improvementd for both active members at MillerCoors and the retirees who had paved the way before with theit long yearsof service,” Ciprianu said. The Teamsters union representsw 1,200 MillerCoors workers nationwide.
The union also represente workers at the MillerCoors breweryin Calif. Negotiations for a new contract coverinvg employees at the plant areundert way. MillerCoors is a joint venture between MillerBrewing Co., Milwaukee, and Coorws Brewing Co., Golden, Colo., that launchec in July 2008. MillerCoords operates a major brewery and regionaol officeon Milwaukee’s west side. Workers at the Milwauked brewery are represented by Brewery Workers Localk 9 of the United AutoWorkers union.

Mass. seeks bids for $157M in energy stimulus - Washington Business Journal:

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The agency is preparin a comprehensive application on behalf of municipalk and private entities to send to the to receive its shared of Energy Efficiency and Conservation BlockGrant funding, some $157 The DOER is soliciting projects for submission, and estimates about 72 projects will receive funding. Projectse must be “shovel ready,” or readyt to begin within 120 days of receivingstimulus money. They also must work towardzs energy efficiency, alternative energy or greenhouse gas emissionreduction standards. Some of the projects eligible for fundinb include combined heat andpower systems, district energy systems, waste energy recovery or high efficiencyg industrial equipment.
Stimulus dollars will pay for up to 50 percent ofapprovexd projects. Proposals must be submitted to the DOER byJune 30. “j encourage businesses, municipalities and others to come forward with proposala for putting this federal funding to work here in said DOER Commissioner Philip Giudice in a preparedwritten “Increasing investment in these innovative energy technologiesz will move us furthe along the path to a cleanh energy future that Gov. (Deval) Patricmk is blazing for Massachusetts.
”

Steuben Foods completes Elma takeover - Business First of Buffalo:

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Steuben has been a tenanyt of thenearly 800,000-square-foot plant since 1985 and employs 475 but Wednesday’s action takezs plant from public sector ownership and puts it into privatde hands. The end result not only secures Steuben’d long-term future, but also opensd the door for potentiakl expansionpossibilities and, in the short term, generates almos t $185,000 in new town and school propertg taxes. “This is a great successs story,” said Al Culliton, ECIDA chief operatingg officer. Steuben has already invested morethan $200 million in plantt improvements since moving there in 1985. The planr was built in the early 1970s for the formef WesternElectric Co.
but sat vacantg after the company closed itsElma facility. Steuben’ds incentive package was crafted toinclude low-cost hydropower as well as stat e and county tax abatements. “I was risky but Culliton said. “We forgesd ahead in what was reallyuncharted territory.” Steubejn produces various of aseptic drinks and juices for its vast clientf list.

StarWatch Consumer | Disabled patients to benefit from Medicare change - Kansas City Star

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StarWatch Consumer | Disabled patients to benefit from Medicare change Kansas City Star StarWatch Consumer | Disabled patients to benefit from Medicare change. Updated: 2012-10-23T17:09:12Z. More News. Lawyers for Medicare patients say the Obama administration has agreed to a change that would help people with severe chronic ... and more »

Scoops: Who

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Of the 80 students at 12 will start classes at Hawaii Tokaion Sept. 25, bringing that junior college’s enrollmentt to more than 100. The majority of students at TransPacifivc returned home to Japan aftert the school announced its closurdethis summer. “We have a very same collegse programas them,” said Naoto Yoshikawa, chancellorr of Hawaii Tokai. “I talked to Dr. Kawanishik [TransPacific’s acting president] and explained that I will accepyt all ofthe students.” Junior colleges in the United Statee that do not receive government funding face financial challenges as enrollment among Asian students declines. Theif main source of income comesdfrom tuition.
Students at Hawaii Tokai pay $13,00p0 annually, about $5,000 less than tuition at Students with GPAsof 3.0 or higher receivw 50 percent off tuition. Hawaii Tokai, locatecd in an 18-story Kapiolani Boulevard comprises classrooms, a cafeteria and dormitories. More than 50 percentg of its students arefrom Japan, and the rest are from the Unitec States, China and Taiwan. TransPacific has operated in Hawaiisince 1977.
Former City Council chairman may get into bakinf businessArnold Morgado, former chairman of the , may buy the franchised rights of the storse in downtown Honolulu from owners Rae and Ed At PBN’s press time, the purchasw wasn’t a done deal as lease arrangementse and financing still needed to be worked out. The venturee is for Karen, Morgado’s wife and a former flight Arnold is a financial advisetrfor . has put its 3-year-old in Waipahu up for Colliers Monroe Friedlander listedx the property this weekfor $35 million. The 60,555-square-foof shopping center, built in 2005, which is anchored by Jack in The Box and Bank of sitson 4.5 acres just off the H-1-Kuniaa Road exit.
It joins a handful of other Oahu shoppinf centers on the includingin Kaneohe, Windward Town Country Plaza in Dillingham Plaza, and in Kapolei. Sisters will open downtowjn spa specializing in massage therapy Plumeria Body and Mind Massage will open 19 at 911Alakea St. The new business, betweejn Merchant and King streets indowntown Honolulu, will emphasizes massage therapy, said co-owner Celine Areeyathan. It is the firsft small business for Areeyathan and her business partnetand sister, Araya Nakasone.

MassMutual:

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The Memphis openings are a part ofthe Springfield, Mass.-basecd firm’s national campaign to recruit 2,000 independeny contractors. “We’re recruiting dozens of new agents righft nowand we’re working hard to attracrt top talent. To do this we need to offe r an unrivaled packageof incentives, traininb and support,” said Scott Rich, vice president of field force development for , in a statement. MassMutuall pays the tuition and fees for agentzs who earn industry designations and colleger degrees up to and includinga master’s of sciences degree in financial services.
Agents who builc their own financial services practice within the MassMutual agenchy may receiveoffice space, administrativee staff, utilities and nearly everything relateds to setting up and growing their MassMutual said. Eligible agents also receive an incom subsidy for up tothree years. For information about a financiakl servicescareer .

Toyota forced to cut record production plan - MarketWatch

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Toyota forced to cut record production plan MarketWatch Toyota produced 6.90 million vehicles in the first eight months of the year, up 45% from the same period last year. This indicates the company is on track to hit the planned production level. However when it releases production for September next ... and more »

“Bionic Leg” Helps Local Woman Stay Active Despite MS Diagnoses - Patch.com

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“Bionic Leg” Helps Local Woman Stay Active Despite MS Diagnoses Patch.com The constant swinging would throw her hips off and cause her to become fatigued after walking short distances. After years of swinging out her hips, Milano's life changed after she watched a segment on the Today show that told a story very similar to hers.

P&G rolls out ads for wet toilet paper - Business Courier of Cincinnati:

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Reuters reported that starting Monday in select the company is launching television commercials for its newFresu , a flushable product that is a cros s between toilet paper and a baby wipe. The commercialsd will feature an orange and blue duck who offers a roll of Fresh Mates to the bear who stars inthe company's curreny Charmin brand toilet paper ads. In the the bear seems confused and asks The duck responds by shakintg his tail feathers at the and then once the understanding is the characters exchangea high-five. The commerciapl was developed by Darcy MasiuseBenton & Bowles, which is a unit of New York advertisinf holding group Bcom3 Inc.
A spokesmann declined to disclose the cost of the which will appear inthe mid-Atlantic and southeasternn states where Fresh Mates are being Charmin Fresh Mates will take on Kimberly-Clarjk Corp.'s Cottonelle Fresh Rollwipes, which also hit select marketws in July. The companies say that 60 percentof U.S. consumera have used their own form of the producrt by either moistening a sheet of regulaer toilet paper or using a combination of wet toiler paper andwet wipe.

Moneta's Schick establishes University of Missouri-St. Louis professorship - Triangle Business Journal:

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Alumnus Peter Schick, chairman of the , has pledgeed $1.7 million to establish an endowed professorship in financw in the College ofBusiness Administration. The endowmentr will be known as thePeter G. Schick Professorship in Finance at The professorship, which will be the first endowedd position for the college's finance will be filled through a national Moneta Group is a financia l advisory company based in Clayton, Mo. Also on Wednesday, UMSL established a new partnershio with the to create the Center for Excellencs in Financial Counselingat UMSL.
The FCE is a nonprofit dedicated to improvinv thefinancial well-being of consumers through the professiona development of financial counselors. Assorted assets of the foundatiohn totalingabout $3.25 million will be donate to UMSL. The Center for Excellencer in Financial Counseling will be locatexon UMSL's South Campus. It is expected to open in

Duke ordered to shut Indiana units - Atlanta Business Chronicle:

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The move follows a jury ruling last year thatthe plant’sw previous owner, Cinergy Corp., violated federalo emissions standards after it refurbishecd the units without a permit. Charlotte-base d Duke (NYSE:DUK) bought Cinergy in April 2006 for $9 At the time of last year’s ruling, Duke proposed that unitsa 2, 3 and 5 be retiredd in 2012, when the company’s new integrated gasification combined-cyclse plant in Edwardsport, Ind., comes on The court’s order acceleratesx that timetable bythree years. Shutting down unitsw 2, 3 and 5 will remove a combinedf capacity of265 megawatts. That is 39 percent of the station’sw 677-megawatt power-generating capacity.
The units affected by the judge’s decisiobn are more than 50 years old, says Jim president and chief operatingb officerof Duke’s franchisedc electric and gas segment. He says the orderr should not impactthe company’s operationsx this year because of change s Duke had already made following the jury’s verdicf last year.

ASSE Poster Contest Helps Kids Appreciate Safety - EHS Today

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EHS Today

ASSE Poster Contest Helps Kids Appreciate Safety EHS Today Now in its eleventh year, the American Society of Safety Engineers (ASSE) annual kids' Safety on the Job poster conference is open for entries through Feb. 14, 2013. The contest, which accepts entries from kids ranging in age from 5 to14, aims to ... < p class="p" size="-1">

U.S. Treasury to buy up to $1 trillion of banks' toxic assets - Phoenix Business Journal:

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Stocks moved higher early Monday in responswe tothe news, with hopes high of a big rallyg on Wall Street. As of noon Phoeni x time, the was up 368 points to 7647. The 500 was up 40 to 808, whilr the was up 68 to 1,523. The Treasury Department released details of its planthis morning, saying it wouldd use $75 billion to $100 billion in TARP capitak and capital from privated investors. The government said the Public-Private Investmentt Program will generatethe $500 billiob and the and the will provide the financinhg for the deals.
“This approach is superiort to the alternatives of either hoping for bankse to gradually work these assets off their booksx or of the government purchasing theassetws directly,” according to a statement from the The private investors will compete with one another to set the pric e for the troubled loans and securities in ordeer to help insure the government doesn’t overpay for the assets. “Step 1: If a bank has a pool of residentiapl mortgageswith $100 face value that it is seeking to the bank would approach the FDIC. Step 2: The FDIC wouldr determine, according to the above process, that they woulde be willing to leverage the pool ata 6-to-1 debt-to-equity ratio.
Step 3: The pool woulds then be auctioned bythe FDIC, with severak private sector bidders submitting bids. The highest bid from the privatrsector – in this example, $84 would be the winner and wouldx form a Public-Private Investment Fund to purchase the pool of Step 4: Of this $84 purchase price, the FDIC woul d provide guarantees for $72 of financing, leavinvg $12 of equity. Step 5: The Treasury woul d then provide 50% of the equity funding requirexd ona side-by-side basis with the In this example, Treasury would invest approximately $6, with the privatr investor contributing $6.
Step 6: The privats investor would then managew the servicing of the asset pool and the timing of its disposition on an ongoingbasis – using asset managers approvede and subject to oversight by the FDIC.” For the full text of the government’s details, click .

Is Flir an acquisition target? - Portland Business Journal:

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that are benefiting from increased Pentago spending on the war in according to anews story. BAE Systems PLC, Cobham PLC and Smithse Group PLC are among the companies looking to make Bloomberg reported. The weak dollar makes buying U.S. companies even more "We made five acquisitionzs in the U.S. in 2004 and we are goinfg to make more this Mike Turner, chief executive officer of BAE, Europe'sw biggest weapons maker, said in an interview Jan. 18. ``There'w no money in It's all in the U.S.'' Stock analysts told Bloomberythat U.S.
companies that may be acquiredcinclude Portland-based Flir Systems, a maker of night-vision cameras; New York-basesd ; and defense-electronics makers , and Flir spokesmann Tony Trunzo told Bloomberg the company is not for The company's net incomw increased more than 60 percent in both the fourth-quarter and full fiscao year 2004. Flir also announced this montha two-for-on e stock split. Fourth-quarter net income increased 61 percent to $24.1 million, or 31 cents per after giving effect to the two-for-one stock Revenue for the 2004 fourth quarter increased 48 percengt to $143.7 million. For the full year, net incomse rose 60 percent to arecordr $71.5 million, or 94 centsz per share.
Revenue for 2004 was $482.7 million, an increasd of 55 percent fromthe $312 millionn generated in 2003.