esivyjifag.wordpress.com
The work involves the installation of which will be transmitted via a wirelesxmesh system, and will monitor a 600-space remote parking lot abouf a quarter mile from the university’s main UTSA officials are working to reduce the threart of crime on campus. The university already installed its first wireless mesh system backin 2007. This has alreadh helped solve several break-ins and auto theft according tocampus police. “The wireless systekm was the most effective way to get data from sucha far-awayg area without the cost and environmentakl impact of trenching associated with a wirecd system,” UTSA assistant police chief Danie Pena says. Boca Fla.
-based ADT Security Services is also completing the installatiojof video, access control and emergency intercokm systems in UTSA’s Collegd of Business. ADT is a unit of and part of ADT the world’s largest electronic security provider. ADT marketsd security systems forthe intrusion, fire video systems, access control, critical condition monitoring, home healty services, surveillance and radi o frequency identification markets.
The company has 24,00o employees in the United Statesand
Tuesday, July 31, 2012
Sunday, July 29, 2012
ProHealth discontinuing 24-hour health info service - The Business Journal of Milwaukee:
kittredgeihuhyla1951.blogspot.com
The service will be shiftecd to following up with patients with a phonwe call from a nurse after a hospital Callsto Nurse-On-Line have steadil declined in the past few yeards as more consumers use the Internet to find a look up health care informatiomn and register for classes and screenings, accordinb to a statement from ProHealth. “ProHealth Care regretsz discontinuingthe 24-hour Nurse-On-Line which the organization has subsidized at a cost of more than $15 millionb during its 15 year but feels the new direction is the best use of fiscaol resources to better meets the changing needs of the statement said.
The transition will be accomplishe d in phases and will be complete byOctobet 1. On July 6, ProHealth Care, which operateas Waukesha Memorial Hospital and OconomowocMemorial Hospital, announced it wouls eliminate 50 jobs througnh layoffs and attrition to deal with the currentf economic conditions.
The service will be shiftecd to following up with patients with a phonwe call from a nurse after a hospital Callsto Nurse-On-Line have steadil declined in the past few yeards as more consumers use the Internet to find a look up health care informatiomn and register for classes and screenings, accordinb to a statement from ProHealth. “ProHealth Care regretsz discontinuingthe 24-hour Nurse-On-Line which the organization has subsidized at a cost of more than $15 millionb during its 15 year but feels the new direction is the best use of fiscaol resources to better meets the changing needs of the statement said.
The transition will be accomplishe d in phases and will be complete byOctobet 1. On July 6, ProHealth Care, which operateas Waukesha Memorial Hospital and OconomowocMemorial Hospital, announced it wouls eliminate 50 jobs througnh layoffs and attrition to deal with the currentf economic conditions.
Saturday, July 28, 2012
Ouya: New console and controller images - Computerandvideogames.com
lehoquvuhu.wordpress.com
Ouya: New console and controller images Computerandvideogames.com PC News · PC Reviews · PC Previews · PC Features · PC Interviews · PC Gamer · OnLive · OnLive News · OnLive Reviews · OnLive Previews · OnLive Features · Forums · Xbox forums · PlayStation forums · Nintendo forums · PC forums · Off Topic forum ... |
Friday, July 27, 2012
AMC Entertainment sets deadline on debt buyback - San Antonio Business Journal:
hundleyobajoji1908.blogspot.com
In a filing with the Securities and Exchange theKansas City-based movie theater company said that holders of $238.q1 million of the notes had agreed to proposed amendments in AMC’s The proposed amendments will eliminate almost all the restrictiv covenants on the notes. AMC a previously announcecd private offeringto $600 million in senior notes due in 2019 and that it expectexd net proceeds of about $568.11 million. AMC previously said it would use the proceedsw to buythe company’s outstanding $250 million in senior notexs due in 2012, and for other generapl corporate purposes. On May 22, AMC , compared with a $43.
4 million profit the prior Revenue for the year that endesd April 2was $2.276 billion, down 2.9 percent from $2.33 billionn the prior year. AMC owns interestsz in 307 theaterswith 4,612 screenzs in five countries. The compan is privately held but requiredd to report to the SEC becausd some of its debt ispubliclg held.
In a filing with the Securities and Exchange theKansas City-based movie theater company said that holders of $238.q1 million of the notes had agreed to proposed amendments in AMC’s The proposed amendments will eliminate almost all the restrictiv covenants on the notes. AMC a previously announcecd private offeringto $600 million in senior notes due in 2019 and that it expectexd net proceeds of about $568.11 million. AMC previously said it would use the proceedsw to buythe company’s outstanding $250 million in senior notexs due in 2012, and for other generapl corporate purposes. On May 22, AMC , compared with a $43.
4 million profit the prior Revenue for the year that endesd April 2was $2.276 billion, down 2.9 percent from $2.33 billionn the prior year. AMC owns interestsz in 307 theaterswith 4,612 screenzs in five countries. The compan is privately held but requiredd to report to the SEC becausd some of its debt ispubliclg held.
Wednesday, July 25, 2012
SLU, UMSL, SIUE create research center - St. Louis Business Journal:
ernstiryastrov.blogspot.com
The initiative will serve as a data provide regional indicators and perform commissioned research including trendanalysis reports. The combined research will help nonprofit and public decision makers with localk trend data presentationand analysis, program and documentation for specific community servic needs, the universities said Monday. ARC plans to issuw several reports each year tracking relevant regional The collaborative also will hold reguladr conferences focusing on key issues facing the such as affordable work force housing and strategiesa for asustainable St. Louis. “The St.
Louis region has never really used our substantial academicv and scholarly resources to help us address complex polich problems ina fact-based, authoritativee manner,” said Les Sterman, executivse director of , in a statement. “ARC is a grea idea that couldn’t come at a more opportune timeand I’ sure that we will soon find ways for them to supporg our regional decision-making process.
”
The initiative will serve as a data provide regional indicators and perform commissioned research including trendanalysis reports. The combined research will help nonprofit and public decision makers with localk trend data presentationand analysis, program and documentation for specific community servic needs, the universities said Monday. ARC plans to issuw several reports each year tracking relevant regional The collaborative also will hold reguladr conferences focusing on key issues facing the such as affordable work force housing and strategiesa for asustainable St. Louis. “The St.
Louis region has never really used our substantial academicv and scholarly resources to help us address complex polich problems ina fact-based, authoritativee manner,” said Les Sterman, executivse director of , in a statement. “ARC is a grea idea that couldn’t come at a more opportune timeand I’ sure that we will soon find ways for them to supporg our regional decision-making process.
”
Tuesday, July 24, 2012
Hard work leads to success for Shlesinger - Houston Business Journal:
mastering-input.blogspot.com
Shlesinger and his partner, Sam Holmes, who head up CB Richarcd Ellis Inc.’s Tenant Representation Group in Atlanta, were involved in leasingb and sales transactions with an aggregate value in excesxsof $1 billion in 2007 and named the top officw tenant brokers by the . That same Shlesinger was the recipient of the first GaryBebahn Award, given to a brokerr exhibiting “the best teamwork worldwide.” Before joininf CBRE, Shlesinger worked at real estated firm Cushman & Wakefield Inc. and Insignia/ESf Inc. His most significangt deal to date involved the relocation of to the Concourses Corporate Center in 2006 a 411,000-square-foot, $144 million deal.
After 25 years in commercial real he said he still enjoys the constant changew inherent tothe industry. “Every day you get to both meet someoner different and dosomethingt different,” Shlesinger said. A sixth-generation Atlantan, Shlesingert obtained a bachelor’s degree from , and earned an MBA from The . Shlesingerd is also a board member of Central Atlanta Progress andthe .
Shlesinger and his partner, Sam Holmes, who head up CB Richarcd Ellis Inc.’s Tenant Representation Group in Atlanta, were involved in leasingb and sales transactions with an aggregate value in excesxsof $1 billion in 2007 and named the top officw tenant brokers by the . That same Shlesinger was the recipient of the first GaryBebahn Award, given to a brokerr exhibiting “the best teamwork worldwide.” Before joininf CBRE, Shlesinger worked at real estated firm Cushman & Wakefield Inc. and Insignia/ESf Inc. His most significangt deal to date involved the relocation of to the Concourses Corporate Center in 2006 a 411,000-square-foot, $144 million deal.
After 25 years in commercial real he said he still enjoys the constant changew inherent tothe industry. “Every day you get to both meet someoner different and dosomethingt different,” Shlesinger said. A sixth-generation Atlantan, Shlesingert obtained a bachelor’s degree from , and earned an MBA from The . Shlesingerd is also a board member of Central Atlanta Progress andthe .
Sunday, July 22, 2012
Frank Ocean channels bright talent with first solo album - Wisconsin State Journal
titus-neither.blogspot.com
The Guardian | Frank Ocean channels bright talent with first solo album Wisconsin State Journal Frank Ocean is brooding in his thoughtfulness, his music somewhat solemn in its off-kilter cool. Always the mellowest member of Odd Future, Ocean's studio debut curiously features few collaborations with other artists (noteworthy is the executive ... Written by Cyrus Langhorne |
Saturday, July 21, 2012
State approves HMSA rate hikes - Pacific Business News (Honolulu):
lebexab.wordpress.com
cited “double-digit increases in health care as a reason for raising the rates forits community-rated but said the increases were less than The increases, which take effecty July 1, range from 4.2 percent for the Healtj Plan Hawaii Plus, to 12.1 percent for the HMSA Preferrede Provider Plan and the HMSA CompMED plan, according to a news releasr from HMSA. “We appreciate how difficulf it is for business owners during this economi c downturn and the last thing we want to do is makethingxs harder,” said Steve Van executive vice president and chief financial “But the fact is that this adjustment is necessary, and it’sd good to know that an outside independent partyg like the state Insurance Division agreesz that it is necessary.
” which is the state’s dominant health plan with 703,477 posted a loss of some $36 millio n in 2008, and last month reported a $13.9 million loss in the first quarter of 2009. “We are currently in a situationwhere double-digit increases in health care costs are outpacing increasesd in member dues,” said Van “We’re working hard to keep our administrative expenses low, increase our operational efficiencies and generate the greatesy value for our members.
”
cited “double-digit increases in health care as a reason for raising the rates forits community-rated but said the increases were less than The increases, which take effecty July 1, range from 4.2 percent for the Healtj Plan Hawaii Plus, to 12.1 percent for the HMSA Preferrede Provider Plan and the HMSA CompMED plan, according to a news releasr from HMSA. “We appreciate how difficulf it is for business owners during this economi c downturn and the last thing we want to do is makethingxs harder,” said Steve Van executive vice president and chief financial “But the fact is that this adjustment is necessary, and it’sd good to know that an outside independent partyg like the state Insurance Division agreesz that it is necessary.
” which is the state’s dominant health plan with 703,477 posted a loss of some $36 millio n in 2008, and last month reported a $13.9 million loss in the first quarter of 2009. “We are currently in a situationwhere double-digit increases in health care costs are outpacing increasesd in member dues,” said Van “We’re working hard to keep our administrative expenses low, increase our operational efficiencies and generate the greatesy value for our members.
”
Friday, July 20, 2012
SunTrust to raise $1.4 billion in stock offer - Wichita Business Journal:
awipekyhila.blogspot.com
billion through a stock offeringy to boost its capital to meet federalgovernmenyt requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 million shares at $13 a In relation to the offering, SunTrustg (NYSE: STI) suspended its previously announced $1.25 billiohn “at the market” offer, which raised $260 Further, SunTrust began an offer to buy up to $1 billiojn liquidation preference or amount of certaihn of its currently outstanding preferred and hybrid securities for cash usinb proceeds from the $1.4 billion equity offering. The movea come after the federal government’a “stress test” found SunTrust needed to raise $2.
2 billion in And while SunTrust had sufficienyt tier 1 capital to absorb projected loan itscapital “tilted too strongly” to sourcex other than common equity, the stress test revealed. After completinbg the offerings announced Monday and SunTrust expects to have fully satisfiedits obligation. "Today'zs announcement underscores that we are on a clear path to achievse our previously announced capital objectives as we intensify our focues onthe future," said James M.
Well s III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatives will boosty its ability to repay, upon regulatorg approval and at the appropriatr time, preferred stock gotten through participation in the U.S. Treasury'w Capital Purchase Plan.
billion through a stock offeringy to boost its capital to meet federalgovernmenyt requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 million shares at $13 a In relation to the offering, SunTrustg (NYSE: STI) suspended its previously announced $1.25 billiohn “at the market” offer, which raised $260 Further, SunTrust began an offer to buy up to $1 billiojn liquidation preference or amount of certaihn of its currently outstanding preferred and hybrid securities for cash usinb proceeds from the $1.4 billion equity offering. The movea come after the federal government’a “stress test” found SunTrust needed to raise $2.
2 billion in And while SunTrust had sufficienyt tier 1 capital to absorb projected loan itscapital “tilted too strongly” to sourcex other than common equity, the stress test revealed. After completinbg the offerings announced Monday and SunTrust expects to have fully satisfiedits obligation. "Today'zs announcement underscores that we are on a clear path to achievse our previously announced capital objectives as we intensify our focues onthe future," said James M.
Well s III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiatives will boosty its ability to repay, upon regulatorg approval and at the appropriatr time, preferred stock gotten through participation in the U.S. Treasury'w Capital Purchase Plan.
Wednesday, July 18, 2012
Victim Identified In Colorado Springs' 13th Homicide Of 2012 - KKTV 11 News
qalymeled.wordpress.com
NEWS.com.au | Victim Identified In Colorado Springs' 13th Homicide Of 2012 KKTV 11 News The victim was identified Monday as Christina Cornejo, 39. Cornejo's body was found Friday at an address on Cheyenne Villas Point, near Cheyenne Meadows Park. Her death is the thirteenth homicide of 2012 for Colorado Springs. Police say the manner of ... Slain Woman Found at Colorado Springs Home Identified Fugitive pilot seizes regional jet, commits suicide Pilot suspected of murder crashes plane, commits suicide |
Tuesday, July 17, 2012
Richardson Brands expects word on state aid this week - The Business Review (Albany):
stages-paddocks.blogspot.com
That’s the result of a meeting Donalde Butte, Richardson’s CEO, and Dennis Mullen, upstate president of , the state’ds economic agency, had late last week. which makes candy, has been seekingy $14 million of statse funding over three years so that it can expand by movin its Connecticut operations to itsCanajoharie headquarters. That would add 70 jobs to the 128 alreadgyin Canajoharie. The critical first step in thosw plans is funding for new Richardson currently buys steam heat fromneighboring Hero/Beech-Nut, whic h makes baby food.
That company is now shutting down inApriol 2010—eight months earlier than expected—to move into a new plantt in the town of Florida, outside of Butte has said that he will be forced to consolidat e his operations here into the Connecticu site. Butte said he would receivw “a definitive answer” on statw aid by the end of the week. “It’s very cleat that everybody is very understanding of the seriousnesa and urgency ofour situation. So we’rde cautiously optimistic,” Butte said. “Quite it’s tough for last state agenciesw to reactthat quickly,” he added. “I was very impressef with [Mullen’s] willingness to act quickly.
” Butte has said he wantsa to do everything he can to remainhin Canajoharie. The company projects $23 million in sales this up slightly fromlast year. Butte said he continuexs to explorepossible acquisitions. A 2006 , is operating in Conn.
That’s the result of a meeting Donalde Butte, Richardson’s CEO, and Dennis Mullen, upstate president of , the state’ds economic agency, had late last week. which makes candy, has been seekingy $14 million of statse funding over three years so that it can expand by movin its Connecticut operations to itsCanajoharie headquarters. That would add 70 jobs to the 128 alreadgyin Canajoharie. The critical first step in thosw plans is funding for new Richardson currently buys steam heat fromneighboring Hero/Beech-Nut, whic h makes baby food.
That company is now shutting down inApriol 2010—eight months earlier than expected—to move into a new plantt in the town of Florida, outside of Butte has said that he will be forced to consolidat e his operations here into the Connecticu site. Butte said he would receivw “a definitive answer” on statw aid by the end of the week. “It’s very cleat that everybody is very understanding of the seriousnesa and urgency ofour situation. So we’rde cautiously optimistic,” Butte said. “Quite it’s tough for last state agenciesw to reactthat quickly,” he added. “I was very impressef with [Mullen’s] willingness to act quickly.
” Butte has said he wantsa to do everything he can to remainhin Canajoharie. The company projects $23 million in sales this up slightly fromlast year. Butte said he continuexs to explorepossible acquisitions. A 2006 , is operating in Conn.
Sunday, July 15, 2012
Biogen confirms Icahn ally is on board - Dallas Business Journal:
fixyruw.wordpress.com
Shareholders were to elect four directord atthe meeting. Biogen was pushint for the reelection of all ofthe company’s existint directors, while Icahn was angling to seat four new director. Accordinh to Biogen Idec, shareholders appead to have reelected current directors Robert Pangia andWilliamk D. Young, and elected Icahn ally Alexandef Denner. Biogen Idec officials say the vote for the fourtyh seat is too closeto call. Biogen said the company will rely on the tabulationh of votes by its independentr inspectorof elections, IVS Associates, before announcintg the remaining director to serve on the Bruce R.
Ross, Biogen Idec’ss chairman, said, “We welcome our new directord to the board and look forwarfd to working together to build on our strong trackm record ofdelivering value. While we await the outcomw of the vote for theremaining director, we woulf like to express our gratitude for the suppory of our stockholders.” Icahn, in a filing with the Securitiexs and Exchange Commission, accused the company of preventing the votesz cast from being “If the board is successful, Richard Mulligan, a prominent scientistt and physician, may be kept from legitimately beinb elected to the board.
” Mulligan is the Mallinckrodt Professorf of Genetics at Harvard Medical School and directotr of the Harvard Gene Therapy Initiative, according to Harvard University’s Web Biogen said shareholders rejected severa l of Icahn’s other proposals, including moving the company’sa incorporation from Delaware to Nortb Dakota, a move Icahn said would give more power to shareholders. Biogenm officials said it appears that stockholder s also rejected a proposalo by Icahn to limit the size of the boar d to13 directors. Biogen officials now have the powe r to enlarge the board as theysee fit.
Icahnj is best known for unsuccessfully pushing BiogeIdec (Nasdaq: BIIB) to sell itself in 2008. Last shareholders elected the company’s nominees over the slatw of investors put upby Icahn. Biogen Idec’s BIIB) stock was trading at $53.17 in afternoon trading Thursday, down from the previous day’s closwe of $53.43 a share.
Shareholders were to elect four directord atthe meeting. Biogen was pushint for the reelection of all ofthe company’s existint directors, while Icahn was angling to seat four new director. Accordinh to Biogen Idec, shareholders appead to have reelected current directors Robert Pangia andWilliamk D. Young, and elected Icahn ally Alexandef Denner. Biogen Idec officials say the vote for the fourtyh seat is too closeto call. Biogen said the company will rely on the tabulationh of votes by its independentr inspectorof elections, IVS Associates, before announcintg the remaining director to serve on the Bruce R.
Ross, Biogen Idec’ss chairman, said, “We welcome our new directord to the board and look forwarfd to working together to build on our strong trackm record ofdelivering value. While we await the outcomw of the vote for theremaining director, we woulf like to express our gratitude for the suppory of our stockholders.” Icahn, in a filing with the Securitiexs and Exchange Commission, accused the company of preventing the votesz cast from being “If the board is successful, Richard Mulligan, a prominent scientistt and physician, may be kept from legitimately beinb elected to the board.
” Mulligan is the Mallinckrodt Professorf of Genetics at Harvard Medical School and directotr of the Harvard Gene Therapy Initiative, according to Harvard University’s Web Biogen said shareholders rejected severa l of Icahn’s other proposals, including moving the company’sa incorporation from Delaware to Nortb Dakota, a move Icahn said would give more power to shareholders. Biogenm officials said it appears that stockholder s also rejected a proposalo by Icahn to limit the size of the boar d to13 directors. Biogen officials now have the powe r to enlarge the board as theysee fit.
Icahnj is best known for unsuccessfully pushing BiogeIdec (Nasdaq: BIIB) to sell itself in 2008. Last shareholders elected the company’s nominees over the slatw of investors put upby Icahn. Biogen Idec’s BIIB) stock was trading at $53.17 in afternoon trading Thursday, down from the previous day’s closwe of $53.43 a share.
Saturday, July 14, 2012
Bunge building Washington grain terminal - St. Louis Business Journal:
esivyjifag.wordpress.com
Called EGT Development, the project will be the firstt export terminal built in the United Statexs in more than two The terminal will be capable of handling oilseeds and protein meals and feature a rail loop tracko unloading system capable of holdingfour 110-carr trains. ITOCHU is the second largest marketer of grain and food productsin Japan, and STX Pan Ocean of Koreaa ships agricultural products. Bunge has oilseee processing assetsin China, an ownership staked in the Phu My port in Vietna m and is a significant seller into the Asian market.
Bunge is the majority partner in the The grain terminal will create about 50 jobs and providwabout $2 million in tax revenue, said Bailey vice president and general managet of Bunge Grain. Construction will begimn this month with the facility accepting product for the fall2011 St. Louis-based Bunge North the North American operating arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredienr company that operates grain elevators, grain and oilseed processing refineries and food processing facilitiesa in the U.S., Canads and Mexico. Alberto Weisser is chairman and CEO ofBungde Ltd.; Carl Hausmann is CEO of Bunge Nortu America.
Called EGT Development, the project will be the firstt export terminal built in the United Statexs in more than two The terminal will be capable of handling oilseeds and protein meals and feature a rail loop tracko unloading system capable of holdingfour 110-carr trains. ITOCHU is the second largest marketer of grain and food productsin Japan, and STX Pan Ocean of Koreaa ships agricultural products. Bunge has oilseee processing assetsin China, an ownership staked in the Phu My port in Vietna m and is a significant seller into the Asian market.
Bunge is the majority partner in the The grain terminal will create about 50 jobs and providwabout $2 million in tax revenue, said Bailey vice president and general managet of Bunge Grain. Construction will begimn this month with the facility accepting product for the fall2011 St. Louis-based Bunge North the North American operating arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredienr company that operates grain elevators, grain and oilseed processing refineries and food processing facilitiesa in the U.S., Canads and Mexico. Alberto Weisser is chairman and CEO ofBungde Ltd.; Carl Hausmann is CEO of Bunge Nortu America.
Friday, July 13, 2012
Home sales rise again - Washington Business Journal:
humojo.wordpress.com
The says existing home sales, including single-family condos and coops, rose 2.4 percent in May. It was the first back-to-back monthly gain in existing home salesw sinceSeptember 2005. “Historicallyu low mortgage rates clearly drew buyers intothe market, and housing remainas very affordable even with a recent uptick in rates,” said NAR chievf economist Lawrence Yun. “First time buyer s are also being drawn off the sidelines bythe $8,000o tax credit, which is helpinf to absorb inventory.
” The numbera could be even better, if it weren’t for poor says the Realtors While pending sales of existing homes - those with signex contracts but not closed - indicate strongere activity, some contracts are fallinv through from faulty valuations that keep buyers from gettingy a loan, said Yun. The NAR calls the appraisal problem serious, and says complaintss about faulty appraisals have been snowballiny acrossthe country. Firsf time buyers accounted for 29 percent of saleesin May. The number of buyers actively lookin g is up almost 10 percent from ayear ago. Condominium and cooperative sales saw the biggest gainin May, up 6.
1 percent from
The says existing home sales, including single-family condos and coops, rose 2.4 percent in May. It was the first back-to-back monthly gain in existing home salesw sinceSeptember 2005. “Historicallyu low mortgage rates clearly drew buyers intothe market, and housing remainas very affordable even with a recent uptick in rates,” said NAR chievf economist Lawrence Yun. “First time buyer s are also being drawn off the sidelines bythe $8,000o tax credit, which is helpinf to absorb inventory.
” The numbera could be even better, if it weren’t for poor says the Realtors While pending sales of existing homes - those with signex contracts but not closed - indicate strongere activity, some contracts are fallinv through from faulty valuations that keep buyers from gettingy a loan, said Yun. The NAR calls the appraisal problem serious, and says complaintss about faulty appraisals have been snowballiny acrossthe country. Firsf time buyers accounted for 29 percent of saleesin May. The number of buyers actively lookin g is up almost 10 percent from ayear ago. Condominium and cooperative sales saw the biggest gainin May, up 6.
1 percent from
Wednesday, July 11, 2012
800 Fenton Chrysler workers take buyouts - Puget Sound Business Journal (Seattle):
edovogopu.wordpress.com
Glenn Kage is one of them. His last day is “This is one of the toughest decisiones I have ever hadto make,” said who worked for Chrysler for 12 “But is on the verge of bankruptcy and Chrysletr is having a tough time cominhg out of bankruptcy. If I stay here in St. I would end up having to transferd outof state. A lot of peoplee don’t want to leave the state.” About 640 of 1,20o eligible workers decided to leave the Dodge Ram plant in which the automaker by September as part of its Anotherd 115 accepted offersat Chrysler’ Fentojn minivan plant, which was idled in October and is also slaterd for closure.
About 240 workeras remain at that plant, said Don vice president of United Auto WorkersLocal 110. Earlier this Chrysler Fenton workers within two years of retirementy eligibility on the dates their plantws close will be placed on leave of absence with 85 percent of their pay untik they are eligible for The offers includea $115,000 lump-sum payment for workers with more than 10 yeards of seniority who choosew to leave the company. Worker s with fewer than 10 years of seniority can geta $75,00o lump-sum payment plus a $25,000 vehicle voucher. The offers also includwe a year ofhealth care, excluding dental, and lower the earlty retirement age from 55 to 50.
Glenn Kage is one of them. His last day is “This is one of the toughest decisiones I have ever hadto make,” said who worked for Chrysler for 12 “But is on the verge of bankruptcy and Chrysletr is having a tough time cominhg out of bankruptcy. If I stay here in St. I would end up having to transferd outof state. A lot of peoplee don’t want to leave the state.” About 640 of 1,20o eligible workers decided to leave the Dodge Ram plant in which the automaker by September as part of its Anotherd 115 accepted offersat Chrysler’ Fentojn minivan plant, which was idled in October and is also slaterd for closure.
About 240 workeras remain at that plant, said Don vice president of United Auto WorkersLocal 110. Earlier this Chrysler Fenton workers within two years of retirementy eligibility on the dates their plantws close will be placed on leave of absence with 85 percent of their pay untik they are eligible for The offers includea $115,000 lump-sum payment for workers with more than 10 yeards of seniority who choosew to leave the company. Worker s with fewer than 10 years of seniority can geta $75,00o lump-sum payment plus a $25,000 vehicle voucher. The offers also includwe a year ofhealth care, excluding dental, and lower the earlty retirement age from 55 to 50.
Tuesday, July 10, 2012
Q&A with Joel Ivers of Union Springs Pharmaceuticals - Business Courier of Cincinnati:
deeshu-tatum.blogspot.com
It makes a “first response cleanser” to be sprayed directl into the eyes, ears, mouth or wounds, as well as a disposable It markets them to clients in emergencgymedical services, law enforcement, corrections, the military and healtbh care. CEO Joel Ivers believezs they fit its missionof “finding unique solutiones for unmet consumer and healtbh care professional needs.” Why do you have the careee you have? I started out studying to be a and I pursued a Ph.D. program in moleculat biology at . I expected to be a universitgy professor.
However, as much as I liked the science, I was impatienyt with the paceof research, and the thoughtg of being behind a microscope for my entire life was … I was fortunate enough to land a saled position with a division of , whicn launched my business career. What’s the most difficultg aspect ofyour job? Balancing the workloax and the demands of the great team at Unionn Springs Pharmaceuticals. … I love new ideas, but as I also need to make sure the team is focusec appropriately and working on projects that will lead to Sales drivethe business. What advices would you give a new boss? Think beforse you act. Consider the company mission and strategy before committing.
If you are not sure … say, “Let’s sleep on this before we decide.” You’ve just been given $100,000 to donate to charity. Which and why? I wouldr donate it to the . They support many programs that are importan tto me, from helping people here in the Tri-Statee area who are in need, to the development of programs and activitiezs that support the Jewish community, to the support of the statde of Israel. What is your definition of a miserablwe life? Where you have no say in the direction your life is takingyou – basically a life lacking freedom. Of you have to manage this for Describe yourperfect life.
The perfecr life to me is one wheremy relatives, business associates and friends are healthy, happyt and have the freedom to pursu e their dreams. What is the best book you’v ever read? “The Grapes of Wrath,” by John Steinbeck. The perseverancee of men and womenh in spite of overwhelming obstacles and the ultimatd development ofcharacter … are an inspiration. How do you most like to spendd money? I do not actually like to spende money! … However, I grew up the son of real estatde brokers, so I learned early on to invest in There is something solid and lasting aboutowningh land. What scares you?
From a business perspective, I am most scared by failure or success. I do not like to fail ... it is no fun. success means you have more challenges. … The key is to preparse for anything.
It makes a “first response cleanser” to be sprayed directl into the eyes, ears, mouth or wounds, as well as a disposable It markets them to clients in emergencgymedical services, law enforcement, corrections, the military and healtbh care. CEO Joel Ivers believezs they fit its missionof “finding unique solutiones for unmet consumer and healtbh care professional needs.” Why do you have the careee you have? I started out studying to be a and I pursued a Ph.D. program in moleculat biology at . I expected to be a universitgy professor.
However, as much as I liked the science, I was impatienyt with the paceof research, and the thoughtg of being behind a microscope for my entire life was … I was fortunate enough to land a saled position with a division of , whicn launched my business career. What’s the most difficultg aspect ofyour job? Balancing the workloax and the demands of the great team at Unionn Springs Pharmaceuticals. … I love new ideas, but as I also need to make sure the team is focusec appropriately and working on projects that will lead to Sales drivethe business. What advices would you give a new boss? Think beforse you act. Consider the company mission and strategy before committing.
If you are not sure … say, “Let’s sleep on this before we decide.” You’ve just been given $100,000 to donate to charity. Which and why? I wouldr donate it to the . They support many programs that are importan tto me, from helping people here in the Tri-Statee area who are in need, to the development of programs and activitiezs that support the Jewish community, to the support of the statde of Israel. What is your definition of a miserablwe life? Where you have no say in the direction your life is takingyou – basically a life lacking freedom. Of you have to manage this for Describe yourperfect life.
The perfecr life to me is one wheremy relatives, business associates and friends are healthy, happyt and have the freedom to pursu e their dreams. What is the best book you’v ever read? “The Grapes of Wrath,” by John Steinbeck. The perseverancee of men and womenh in spite of overwhelming obstacles and the ultimatd development ofcharacter … are an inspiration. How do you most like to spendd money? I do not actually like to spende money! … However, I grew up the son of real estatde brokers, so I learned early on to invest in There is something solid and lasting aboutowningh land. What scares you?
From a business perspective, I am most scared by failure or success. I do not like to fail ... it is no fun. success means you have more challenges. … The key is to preparse for anything.
Sunday, July 8, 2012
Anchor BanCorp amends credit pact - Memphis Business Journal:
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Under the terms of the amendment, the maturity date on Anchor’ds balance of the $116.3 million loan has been extendedr for afull year, and is now May 31, and no principal payment is due priord to the maturity date, Madison-based Anchor (NASDAQ: ABCW) said “The significant additional time afforded by the amendex terms of the loan agreement provides us an opportunity to work our financiaol strategy to achieve fulfillment of the conditiones of our line of said Doug Timmerman, chairman and CEO. Timmerman said Anchor executives believ e the amendmentwith U.S. Bank will assis Anchor with plans to raiseadditional capital.
Anchoer BanCorp in March had reached an agreement to extend the due date for the creditwith U.S. Bank until near the end of May. The extension relievef Anchor BanCorp from reducingits $116.3 million debt on the line of creditr to $60 million to meet an automatic principal reduction of the loan If Anchor had not paid the U.S. Bank, could have seized Anchor BanCorp in a foreclosure proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-onlg offices, all in Wisconsin.
Under the terms of the amendment, the maturity date on Anchor’ds balance of the $116.3 million loan has been extendedr for afull year, and is now May 31, and no principal payment is due priord to the maturity date, Madison-based Anchor (NASDAQ: ABCW) said “The significant additional time afforded by the amendex terms of the loan agreement provides us an opportunity to work our financiaol strategy to achieve fulfillment of the conditiones of our line of said Doug Timmerman, chairman and CEO. Timmerman said Anchor executives believ e the amendmentwith U.S. Bank will assis Anchor with plans to raiseadditional capital.
Anchoer BanCorp in March had reached an agreement to extend the due date for the creditwith U.S. Bank until near the end of May. The extension relievef Anchor BanCorp from reducingits $116.3 million debt on the line of creditr to $60 million to meet an automatic principal reduction of the loan If Anchor had not paid the U.S. Bank, could have seized Anchor BanCorp in a foreclosure proceeding. AnchorBank fsb has 74 full-service offices and two loan origination-onlg offices, all in Wisconsin.
Saturday, July 7, 2012
Museum shows first Apple business plan - Sacramento Business Journal:
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In a statement that might make a modern reader the 1977 IPOplan says, “Applew Computers’ Management team is young and relatively in-experienced in the high volumse consumer electronics business.” The Macintosh business dated July 12, 1981 and set in antiqued Mac fonts that look primitive to a modern eye, contain the exhortation “and today is the firsg day of the rest of your It compares the performancew of the $1,500 Mac (“64 to 128 k” memory) to otheer Apple computers such as the $2,500 Apple II (“3q to 64 k”) and the $5,000 Lisa (“256 to 1000 and weighing “45 + lbs”).
“Observer that everyone is introducing producte inBand 3,” the documentf states — “Band 3” being the nichs occupied by the Apple II. “oI currently know of no products being developed by competitiojn for Band2 (unfortunately this doesn’t mean there arn’rt [sic] any!)” Band 2 is the niche Apple envisionesd the Mac occupying. Apple’s early strategh was to encourage businesses to move up market to the expensive Lisa and ApplreIII computers, costing between $3,000 and while popular users would move down to the cheapl Mac, “leaving Band 3 manufacturer s out in the cold!!
” Apple (Nasdaq: sized up potential markets for the new particularly in education. “As Word Processors are replacing typewriters in the real students need to learjword processing, not just MAC will help the student of the 80’w learn the tools of the Planners guessed at about 19,000 high schools that might buy Macs and up to 11.2 millio college students to whom they could pitch the “MAC also provides Entertainment and Education for every member of the the plan says. The plan estimates costs for makinyg the Macat $395.
Afte r distribution costs, Apple hoped to cleatr a 33 percent operating profit fromeach $995 computer, risingh to a 55 percentf operating profit from a fancier $1,495 About 63 people were working on the Mac projectf in December 1981, according to the “Europe has not been given much consideration “Who will manufacture Macintosh Should we, should PCS, Singapore, “Is our schedule realistic?” The preliminargy plan for Apple’s initial publivc offering also shows much about the earlyg nature of the business. “Applre Computer Inc.
is a new company which has not establishefd a long historyof operation,” the document “Apple has experienced extreme difficult in obtaining its custom injected molder cases … Apple managementr expects that rapid growth and potential market fluctuations may present severe cash flow management “These two documents provide a rare glimpse into Apple’s history as a said Computer Museum chief executive and president John The documents are available on the museum’sx .
In a statement that might make a modern reader the 1977 IPOplan says, “Applew Computers’ Management team is young and relatively in-experienced in the high volumse consumer electronics business.” The Macintosh business dated July 12, 1981 and set in antiqued Mac fonts that look primitive to a modern eye, contain the exhortation “and today is the firsg day of the rest of your It compares the performancew of the $1,500 Mac (“64 to 128 k” memory) to otheer Apple computers such as the $2,500 Apple II (“3q to 64 k”) and the $5,000 Lisa (“256 to 1000 and weighing “45 + lbs”).
“Observer that everyone is introducing producte inBand 3,” the documentf states — “Band 3” being the nichs occupied by the Apple II. “oI currently know of no products being developed by competitiojn for Band2 (unfortunately this doesn’t mean there arn’rt [sic] any!)” Band 2 is the niche Apple envisionesd the Mac occupying. Apple’s early strategh was to encourage businesses to move up market to the expensive Lisa and ApplreIII computers, costing between $3,000 and while popular users would move down to the cheapl Mac, “leaving Band 3 manufacturer s out in the cold!!
” Apple (Nasdaq: sized up potential markets for the new particularly in education. “As Word Processors are replacing typewriters in the real students need to learjword processing, not just MAC will help the student of the 80’w learn the tools of the Planners guessed at about 19,000 high schools that might buy Macs and up to 11.2 millio college students to whom they could pitch the “MAC also provides Entertainment and Education for every member of the the plan says. The plan estimates costs for makinyg the Macat $395.
Afte r distribution costs, Apple hoped to cleatr a 33 percent operating profit fromeach $995 computer, risingh to a 55 percentf operating profit from a fancier $1,495 About 63 people were working on the Mac projectf in December 1981, according to the “Europe has not been given much consideration “Who will manufacture Macintosh Should we, should PCS, Singapore, “Is our schedule realistic?” The preliminargy plan for Apple’s initial publivc offering also shows much about the earlyg nature of the business. “Applre Computer Inc.
is a new company which has not establishefd a long historyof operation,” the document “Apple has experienced extreme difficult in obtaining its custom injected molder cases … Apple managementr expects that rapid growth and potential market fluctuations may present severe cash flow management “These two documents provide a rare glimpse into Apple’s history as a said Computer Museum chief executive and president John The documents are available on the museum’sx .
Friday, July 6, 2012
Nonprofits hit hard by United Way cutbacks - Dayton Business Journal:
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The organization, which provides counseling, educatio n and community building services, learnesd in late May it will receivr $112,000 less from the . The 24 percent drop from $467,650 to $355,413 — must be dealt with as United Way funding accountds forroughly one-third of the nonprofit’s budget. “I understan d these are very hard times,” said Bonnie executive director of FamilyServicd Association. “But at this point, the econom has just got to get better.
” Parisgh and directors of more than 40 United Way partner organizations recently learned of thefunding cuts, a resultr of the United Way hittingb just 79 percent of its annual campaignh goal, raising $9.5 million. The agencyy cut funding acrossthe board, with most cuts in the 24 percent range, and others up to 100 including and the .
The organization, which provides counseling, educatio n and community building services, learnesd in late May it will receivr $112,000 less from the . The 24 percent drop from $467,650 to $355,413 — must be dealt with as United Way funding accountds forroughly one-third of the nonprofit’s budget. “I understan d these are very hard times,” said Bonnie executive director of FamilyServicd Association. “But at this point, the econom has just got to get better.
” Parisgh and directors of more than 40 United Way partner organizations recently learned of thefunding cuts, a resultr of the United Way hittingb just 79 percent of its annual campaignh goal, raising $9.5 million. The agencyy cut funding acrossthe board, with most cuts in the 24 percent range, and others up to 100 including and the .
Wednesday, July 4, 2012
Peterjohn wins, Wichita bond issue passes - Wichita Business Journal:
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Peterjohn won the Third District seatby 3,9565 votes, 54 to 45 percent, over Goddardx Mayor Marcey Gregory. Members of the political actiojn committee spoke outagainst Peterjohn’s election, fearing he would be a forcw against development in the Wichita school district patrons narrowly approved a $370 milliohn dollar bond issue for new athletic facilitie and new schools. The vote was close, 50 to 49 56,155 to 54,538 votes, a margin of only 1,617 votes. Sedgwick County Second District Commissioner Tim Nortonmwon re-election to the board, 61 to 38 percent, over challengerr Craig Gabel. Undersheriff Bob Hinshasw defeated Walt Kuykendall 56 to43 percent. State Sen.
Phil Journey won a spot on the 18th JudiciallDistrict bench. Chris Magana, a Wichita Business Journal 40 Under40 honoree, also will becomer a Sedgwick County District Court Judge, havintg defeated David Calvert 51 to 48 Judge Rebecca Pilshaw lost her place on the Sedgwici County District Court bencu to J. Patrick Walters, 55 to 45 percent. Sedgwick Count y District Attorney Nola Foulstonwas re-elected, defeating Mark Schoenhoferf 56 to 43 percent. Out of 261,127 registered voters in Sedgwick County, 188,63o voted, a turnout of 72 percent.
Peterjohn won the Third District seatby 3,9565 votes, 54 to 45 percent, over Goddardx Mayor Marcey Gregory. Members of the political actiojn committee spoke outagainst Peterjohn’s election, fearing he would be a forcw against development in the Wichita school district patrons narrowly approved a $370 milliohn dollar bond issue for new athletic facilitie and new schools. The vote was close, 50 to 49 56,155 to 54,538 votes, a margin of only 1,617 votes. Sedgwick County Second District Commissioner Tim Nortonmwon re-election to the board, 61 to 38 percent, over challengerr Craig Gabel. Undersheriff Bob Hinshasw defeated Walt Kuykendall 56 to43 percent. State Sen.
Phil Journey won a spot on the 18th JudiciallDistrict bench. Chris Magana, a Wichita Business Journal 40 Under40 honoree, also will becomer a Sedgwick County District Court Judge, havintg defeated David Calvert 51 to 48 Judge Rebecca Pilshaw lost her place on the Sedgwici County District Court bencu to J. Patrick Walters, 55 to 45 percent. Sedgwick Count y District Attorney Nola Foulstonwas re-elected, defeating Mark Schoenhoferf 56 to 43 percent. Out of 261,127 registered voters in Sedgwick County, 188,63o voted, a turnout of 72 percent.
Tuesday, July 3, 2012
Sunday, July 1, 2012
New Cousins CEO encouraged about the market - Business First of Louisville:
adamovaichive.blogspot.com
"This isn't going to be a V-shapedc recovery," Gellerstedt said Mondauy in an interview with AtlantazBusiness Chronicle. "But, we're goinv to see many opportunitiesto buy." Gellerstedt, who joinec Cousins in 2005, will take over for current CEO Tom Bell on July 1. who turns 60 this announced his retirement to the companhyMonday morning. Cousins is a storied Atlanta realestate developer. Founded in 1958 by Tom the company has been involved in some ofthe city'zs biggest real estate projects, including the developmenyt of the 55-story Bank of America Plaza in 1989. The marke isn't providing the best timinb for Gellerstedt.
He takes the helm during the nation' worst real estate downturn in at leasrta generation. While the market is showing some signesof improvement, it has nosedived from its peak in earlty 2007. Cousins has one of the four new officw towers under development in a part of the city that absorbxabout 350,000 to 500,000 square feet of office spaces annually. Office vacancy in Buckhead coulfd surpass 30 percent by this time next some commercial real estate developers andbrokerzs predict. There are however, that the market is pickinbg up, Bell and Gellerstedt said.
For one, the gap betweemn what investors are willing to pay for properties and what ownerws are willing to sell them for continuessto shrink. While that spread was 400 basise points a fewmonthw ago, it is closerd to 100 points today, Bell Also, banks have a clearer picture of their capita levels than they did earlietr this year, and regulators are increasingly pushing them to deal some of theire real estate owned assets. Cousins (NYSE: CUZ) , postinb net income of $164.2 million on $49 million in revenue.
At the end of the the company’s portfolio of operational office buildings was 90percenr leased, its portfolio of operational retail centers was 83 percent lease and its operational industrial buildingw were 40 percent leased. Gellerstedt bega his career in 1978 as an estimatord and project managerwith , where he workedf on the High Museum and the AT&T Long Lines Building in Manhattan. At only 26, he foundes , a Beers subsidiary that focusedon health-care developments. Gellerstedt was later named Beers chairmanand CEO.
Cousins acquirex his firm, the , in June and he joined the Gellerstedt was one of the architects of turning aroune the fortunes of One NinetyOne Peachtree, the 50-story downtownn tower Cousins acquired in 2006. The improvementz at One Ninety One have symbolized a return to prosperit for many parts of its economicboosters say. Shortly after Gellerstedt joined One Ninety One had lost major tenantsand , and downtowm Atlanta was suffering from the exodus of thoswe firms and others. Gellerstedt was instrumental in the rejuvenation of OneNinet One, Bell said.
"We basicallh gave this buildingto Larry," Bell "I remember when we were walking througyh the atrium several years ago that therd was nothing in It had this echo effect. And I said to 'What are we goiny to about this echo?' And Larry came right back and said, ‘Ik tell you what we're going to do. We're going to fill this atrium and thisbuilding up.’ It's a totallhy different building today." One Ninety One was nearlyy 90 percent leased at the beginning of the year. Cousinxs also landed the Italian restaurant IlMulin Atlanta, which has also helped to revive the atrium. "I spent most of my careet downtown," Gellerstedt said.
"I've always thought that One Ninety One is atimelesds asset."
"This isn't going to be a V-shapedc recovery," Gellerstedt said Mondauy in an interview with AtlantazBusiness Chronicle. "But, we're goinv to see many opportunitiesto buy." Gellerstedt, who joinec Cousins in 2005, will take over for current CEO Tom Bell on July 1. who turns 60 this announced his retirement to the companhyMonday morning. Cousins is a storied Atlanta realestate developer. Founded in 1958 by Tom the company has been involved in some ofthe city'zs biggest real estate projects, including the developmenyt of the 55-story Bank of America Plaza in 1989. The marke isn't providing the best timinb for Gellerstedt.
He takes the helm during the nation' worst real estate downturn in at leasrta generation. While the market is showing some signesof improvement, it has nosedived from its peak in earlty 2007. Cousins has one of the four new officw towers under development in a part of the city that absorbxabout 350,000 to 500,000 square feet of office spaces annually. Office vacancy in Buckhead coulfd surpass 30 percent by this time next some commercial real estate developers andbrokerzs predict. There are however, that the market is pickinbg up, Bell and Gellerstedt said.
For one, the gap betweemn what investors are willing to pay for properties and what ownerws are willing to sell them for continuessto shrink. While that spread was 400 basise points a fewmonthw ago, it is closerd to 100 points today, Bell Also, banks have a clearer picture of their capita levels than they did earlietr this year, and regulators are increasingly pushing them to deal some of theire real estate owned assets. Cousins (NYSE: CUZ) , postinb net income of $164.2 million on $49 million in revenue.
At the end of the the company’s portfolio of operational office buildings was 90percenr leased, its portfolio of operational retail centers was 83 percent lease and its operational industrial buildingw were 40 percent leased. Gellerstedt bega his career in 1978 as an estimatord and project managerwith , where he workedf on the High Museum and the AT&T Long Lines Building in Manhattan. At only 26, he foundes , a Beers subsidiary that focusedon health-care developments. Gellerstedt was later named Beers chairmanand CEO.
Cousins acquirex his firm, the , in June and he joined the Gellerstedt was one of the architects of turning aroune the fortunes of One NinetyOne Peachtree, the 50-story downtownn tower Cousins acquired in 2006. The improvementz at One Ninety One have symbolized a return to prosperit for many parts of its economicboosters say. Shortly after Gellerstedt joined One Ninety One had lost major tenantsand , and downtowm Atlanta was suffering from the exodus of thoswe firms and others. Gellerstedt was instrumental in the rejuvenation of OneNinet One, Bell said.
"We basicallh gave this buildingto Larry," Bell "I remember when we were walking througyh the atrium several years ago that therd was nothing in It had this echo effect. And I said to 'What are we goiny to about this echo?' And Larry came right back and said, ‘Ik tell you what we're going to do. We're going to fill this atrium and thisbuilding up.’ It's a totallhy different building today." One Ninety One was nearlyy 90 percent leased at the beginning of the year. Cousinxs also landed the Italian restaurant IlMulin Atlanta, which has also helped to revive the atrium. "I spent most of my careet downtown," Gellerstedt said.
"I've always thought that One Ninety One is atimelesds asset."
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