http://microstockphoto.com/news.php
Under the agreement travelers can startg travel on one airline and complete it on the other after buying justone ticket. Code-sharinb alliances, which are common throughout theairline industry, are a relativelh low-cost way to make an airline more attractive to U.S. flierws seeking to travel overseas, or to international travelere coming to the United LikeVirgin Blue, Virgin America is owned in part by , the London-baserd venture capital firm run by Britishh billionaire Richard Branson. Virgin based in Burlingame, has said it wants a code-sharinvg deal with Branson’s othetr airline, Ltd.
, as Virgin America serves nine airports in theUnitedx States: San Francisco, Seattle, Los San Diego, Orange County, Las Vegas, New York and Washington D.C. Since it startex service in 2007, Virgin America has becoms the fifth largest carrierat , carryin g 1.8 million passengers to and from the city last
Tuesday, July 26, 2011
Sunday, July 24, 2011
CEO Ellison says Oracle might make netbooks - The Business Review (Albany):
obofym.wordpress.com
His comments came at a Sun conference for userse of Java software which he also said could be used on Oracle (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "u don't see why some of those devices shouldn't come from Reuters quoted Ellisonas saying. "There will be computers that are fundamentalluy basedon Java." Netbooks are inexpensive laptopl computers designed to connect wirelessly and are used primarily for checkinh email and browsing the Web. The market for them is expected to grow to between 20 million and 30 millionh unitsthis year, up from the 11.7 million sold last year when theit sales took off.
Most PC makers now have a netbooj model and if Oracle does get into the market it will go up againstrthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , which eitherd make netbooks or develop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s (NASDAQ:GOOG) Android operatinb system instead of Microsoft Windows, which most makerd now use.
His comments came at a Sun conference for userse of Java software which he also said could be used on Oracle (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "u don't see why some of those devices shouldn't come from Reuters quoted Ellisonas saying. "There will be computers that are fundamentalluy basedon Java." Netbooks are inexpensive laptopl computers designed to connect wirelessly and are used primarily for checkinh email and browsing the Web. The market for them is expected to grow to between 20 million and 30 millionh unitsthis year, up from the 11.7 million sold last year when theit sales took off.
Most PC makers now have a netbooj model and if Oracle does get into the market it will go up againstrthe . (NASDAQ:HPQ) (NASDAQ:DELL) and , which eitherd make netbooks or develop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s (NASDAQ:GOOG) Android operatinb system instead of Microsoft Windows, which most makerd now use.
Thursday, July 21, 2011
QEP moves into last big chunk of Boca industrial space - South Florida Business Journal:
grearqakususi1426.blogspot.com
this week began moving into the 77,120-square-fooyt facility at 1081 Holland Drive in the South CongresIndustrial Center. The move more than doubledc QEP's space in Boca Raton, and it offeres proof of strong demand for industrial spacein Boca, said CB Commerciao broker Jeff Kelly. "It is a good sign for the but we stillneed space," Kelly said. Kelly and CB'as Mike Erickson are marketinga 55,000-square-foot speculative building beinyg developed by Atlanta-based Franklin Property Co. on five acresa at Arvida Park of Construction will begin once the buildingb is 25percent pre-leased.
QEP, a publicly tradefd tool manufacturerand distributor, movefd out of 35,000 square feet at Boca Commercial Industrial Center I at 990 S. Rogers Circle. As many as 75 peopler will workat QEP's new facility, whichg consolidated company facilities previously located in Pompanok Beach and Nevada. Quoted lease rateds at the SouthCongress property, built in 1980, are $4.590 per square foot triple net. Kathleen Alberts of Brenner Real Estate Group represented QEP in the QEP considered space in northern Broward Countty but was offered the most attractivr deal at theBoca site, she "It was a very aggressive Alberts said.
"And it was in Boca A lot of the (QEP officials) live in Boca Northern Broward County has several large chunks ofspaced available, such as a 157,000-square-foot building at Deerfield Commercee Center. Model Imperial recently vacated 77,0000 square feet as part of itsbankruptcgy reorganization, said Dave Pawlowski, a broker for Collier Lehrer International. But southern Palm Beachn County's industrial market has been he said. "There's no large chunks of spacer at allin Boca," Pawlowski New look for Sunrise offices The rehab specialist who turned aroun Crosspointe at Golden Gladez in Dade County has a new target.
D Squarexd Realty Group of Miami Beach paid InternationalProperties $3.9 milliom for the International Building at 2455 E. Sunrise Blvd. in Fort D Squared bought the 155,900- square-foot property for $1 million beloe the property's assessed value. Deanna Lobinskgy of Abood & Associates of Coral Gableds will market theInternational Building. Lobinsky said D Squarexd will spend $3 million to $4 millionj on renovations in an attempt to lowerthe building'd 25 percent vacancy rate. Space rents for $14 to $17.50 per squard foot. The typical tenant is a law firm or accountanftwith 3,000 square feet, Lobinsky said.
The acquisitiomn conforms withD Squared's strategy of buyingv struggling properties, then sprucing them up and boosting rent rollse to attract a buyer. That approachh worked with Crosspointe, which D Squaredf bought for $3.2 million in 1993. After $1.5 milliomn of renovations, the 190,000-square-foot office complexc went from half-empty to 95 percent leased. It recentlyh sold to Henry Konkierfor $9.25 "It's going to be the same kind of succeszs story at the International Building," said Michaekl Fay of Wood-Fay Realty Group, who brokered the Crosspointe sale. "I'lll probably be listing that property in afew years.
" Landmarm Building & Design laid off six low-level field employeeas last week, said vice president Rick Bell. But Bell said the move doesn' t indicate a slowdown in Weston's new home Bell blamed the cuts on a general cooling ofwest Broward'ss housing market as the post-Hurricanwe Andrew influx has slowed.
this week began moving into the 77,120-square-fooyt facility at 1081 Holland Drive in the South CongresIndustrial Center. The move more than doubledc QEP's space in Boca Raton, and it offeres proof of strong demand for industrial spacein Boca, said CB Commerciao broker Jeff Kelly. "It is a good sign for the but we stillneed space," Kelly said. Kelly and CB'as Mike Erickson are marketinga 55,000-square-foot speculative building beinyg developed by Atlanta-based Franklin Property Co. on five acresa at Arvida Park of Construction will begin once the buildingb is 25percent pre-leased.
QEP, a publicly tradefd tool manufacturerand distributor, movefd out of 35,000 square feet at Boca Commercial Industrial Center I at 990 S. Rogers Circle. As many as 75 peopler will workat QEP's new facility, whichg consolidated company facilities previously located in Pompanok Beach and Nevada. Quoted lease rateds at the SouthCongress property, built in 1980, are $4.590 per square foot triple net. Kathleen Alberts of Brenner Real Estate Group represented QEP in the QEP considered space in northern Broward Countty but was offered the most attractivr deal at theBoca site, she "It was a very aggressive Alberts said.
"And it was in Boca A lot of the (QEP officials) live in Boca Northern Broward County has several large chunks ofspaced available, such as a 157,000-square-foot building at Deerfield Commercee Center. Model Imperial recently vacated 77,0000 square feet as part of itsbankruptcgy reorganization, said Dave Pawlowski, a broker for Collier Lehrer International. But southern Palm Beachn County's industrial market has been he said. "There's no large chunks of spacer at allin Boca," Pawlowski New look for Sunrise offices The rehab specialist who turned aroun Crosspointe at Golden Gladez in Dade County has a new target.
D Squarexd Realty Group of Miami Beach paid InternationalProperties $3.9 milliom for the International Building at 2455 E. Sunrise Blvd. in Fort D Squared bought the 155,900- square-foot property for $1 million beloe the property's assessed value. Deanna Lobinskgy of Abood & Associates of Coral Gableds will market theInternational Building. Lobinsky said D Squarexd will spend $3 million to $4 millionj on renovations in an attempt to lowerthe building'd 25 percent vacancy rate. Space rents for $14 to $17.50 per squard foot. The typical tenant is a law firm or accountanftwith 3,000 square feet, Lobinsky said.
The acquisitiomn conforms withD Squared's strategy of buyingv struggling properties, then sprucing them up and boosting rent rollse to attract a buyer. That approachh worked with Crosspointe, which D Squaredf bought for $3.2 million in 1993. After $1.5 milliomn of renovations, the 190,000-square-foot office complexc went from half-empty to 95 percent leased. It recentlyh sold to Henry Konkierfor $9.25 "It's going to be the same kind of succeszs story at the International Building," said Michaekl Fay of Wood-Fay Realty Group, who brokered the Crosspointe sale. "I'lll probably be listing that property in afew years.
" Landmarm Building & Design laid off six low-level field employeeas last week, said vice president Rick Bell. But Bell said the move doesn' t indicate a slowdown in Weston's new home Bell blamed the cuts on a general cooling ofwest Broward'ss housing market as the post-Hurricanwe Andrew influx has slowed.
Tuesday, July 19, 2011
Amid American church abuse scandal, Philadelphia stands out - CNN (blog)
http://russianbridesclub.net/Sales/Formal-Evening-Dresses/
Globe and Mail | Amid American church abuse scandal, Philadelphia stands out CNN (blog) The scandal there could open a historic chapter in the abuse crisis, church watchers say, changing the way the American criminal justice system deals with church abuse and ch » |
Sunday, July 17, 2011
La Madeleine chooses new HQ site in Dallas - Jacksonville Business Journal:
lihung-associations.blogspot.com
La Madeleine said it will relocatewinto 17,000 square feet at 12201 Merit Drive in Dallas. The buildin that will house the restaurant chain is a Clase A building that just recentlyunderwenf renovation. Le Madeleine signed a 10-year lease with Parmenterf Two Forest LP forthe space. La Madeleined said it was attracted to the spacer because the facility providesz the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigh the interior space. The facility is scheduled to be readhy for its new tenantsin mid-July. La Madeleine'ds current headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senior vice president with ; and Sharro n Morrison, principal with Transwestern. The landlor d was represented byMatt Schendle, vice president with .
La Madeleine said it will relocatewinto 17,000 square feet at 12201 Merit Drive in Dallas. The buildin that will house the restaurant chain is a Clase A building that just recentlyunderwenf renovation. Le Madeleine signed a 10-year lease with Parmenterf Two Forest LP forthe space. La Madeleined said it was attracted to the spacer because the facility providesz the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigh the interior space. The facility is scheduled to be readhy for its new tenantsin mid-July. La Madeleine'ds current headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senior vice president with ; and Sharro n Morrison, principal with Transwestern. The landlor d was represented byMatt Schendle, vice president with .
Thursday, July 14, 2011
Williamsburg Bridge Acrobat Charged With Felony Offense - Gothamist
eragywaqer.wordpress.com
Gothamist | Williamsburg Bridge Acrobat Charged With Felony Offense Gothamist Earlier this week, acrobat Seanna Sharpe and magician Thomas "Savage" Skinner shocked and awed audiences with a daredevil acrobat stunt atop the Williamsburg Bridge. Natur » |
Tuesday, July 12, 2011
Duke Energy hires Cisco Systems for
isexufehub.wordpress.com
The three-year agreement is the latest developmenft inDuke Energy’s effort to convert its analof electricity infrastructure into a digital system that reduces energyt use and boosts reliability. The architecture will be basedon Internet-protocol standardws that will adapt to new communications “Our goal is to rapidly transform the way electricith is delivered to, and used by, the 11 millionh people we serve in five states,” says Todd senior vice president for smart grid and customedr systems at Duke Energy.
In Cisco will work with Duke Energy to developl and installhome energy-management devices to help customera control and reduce their electricity Financial terms of the agreementf weren’t disclosed. Charlotte-based Duke Energh (NYSE:DUK) includes Duke Energy Carolinaz and the former CincinnatiGas & Electric Co. in Union Light, Heat and Power in Kentucky and PSI Energygin Indiana. Cisco Systems (NASDAQ:CSCO) is a California-basecd designer and manufacturer ofnetworking technology.
The three-year agreement is the latest developmenft inDuke Energy’s effort to convert its analof electricity infrastructure into a digital system that reduces energyt use and boosts reliability. The architecture will be basedon Internet-protocol standardws that will adapt to new communications “Our goal is to rapidly transform the way electricith is delivered to, and used by, the 11 millionh people we serve in five states,” says Todd senior vice president for smart grid and customedr systems at Duke Energy.
In Cisco will work with Duke Energy to developl and installhome energy-management devices to help customera control and reduce their electricity Financial terms of the agreementf weren’t disclosed. Charlotte-based Duke Energh (NYSE:DUK) includes Duke Energy Carolinaz and the former CincinnatiGas & Electric Co. in Union Light, Heat and Power in Kentucky and PSI Energygin Indiana. Cisco Systems (NASDAQ:CSCO) is a California-basecd designer and manufacturer ofnetworking technology.
Sunday, July 10, 2011
LPS forms real estate group - Denver Business Journal:
http://mwdsaveabuck.com/reservations/index_res.php
LPS officials said the move was spurrex in part by the increasing importancre of new technology in the realestate “There are a few themes that seem to resonat e with our business clients. First, everyone is lookinbg for new ways togenerat revenue,” said LPS Real Estate Grou President Jay Gaskill. “Second, real estate agentds are looking for tools and contenrt to help them increase the valuee of their services and offerradditional value-added services to consumers, who are becominhg more self-sufficient.
” LPS Real Estate Group has relationshipa with more than 300 multipl e listing services across the country and many of the largesgt brokers and settlement services companies. The division providee technology applications and information to morethan 350,00p0 real estate professionals.
LPS officials said the move was spurrex in part by the increasing importancre of new technology in the realestate “There are a few themes that seem to resonat e with our business clients. First, everyone is lookinbg for new ways togenerat revenue,” said LPS Real Estate Grou President Jay Gaskill. “Second, real estate agentds are looking for tools and contenrt to help them increase the valuee of their services and offerradditional value-added services to consumers, who are becominhg more self-sufficient.
” LPS Real Estate Group has relationshipa with more than 300 multipl e listing services across the country and many of the largesgt brokers and settlement services companies. The division providee technology applications and information to morethan 350,00p0 real estate professionals.
Friday, July 8, 2011
Tuesday, July 5, 2011
San Francisco Attorney Julie Pearl Named Among the Nation's Top 10 Immigration Attorneys by HR Executive Magazine
yjanebixe.wordpress.com
SAN FRANCISCO, June 5 /PRNewswire/ -- , founder of Pearl Law Group andTracker Corp, was recently named among the Nation'sd Top 10 Immigration Attorneys in HR Executive Magazine's annual list of "The Nation's Most Powerful Employment Attorneys." She is the only woman on the The selection process involved input requested from the 75,00 HR Executive Magazine readers and 300,000 lawyerxs in the LawDragon database. There were over 1,000 and feedback from U.S. corporations with high immigration volume decidesd thetop ten.
Founded in 1995, Pearp Law Group is one of California'sd largest corporate immigrationlaw firms, providing global immigratiomn services to many of the world's top companieds and entrepreneurs. Pioneering approaches in immigratiojn service delivery tocorporate clients, Julie founded Tracke r Corp, the leading provider of Immigration Case Management and I-9 Complianc e software (Tracker Immigration and Trackeer I-9 ). Julie received a B.A. from Stanford an M.P.A. from Harvard University and a J.D. from the Universityy of California, Hastings College of the Law.
Formerl Deputy Attorney Generalin California, she is a founding member of the Alliance of Business Immigration Lawyers ( ) and is profile in the book, The Moralp Advantage: Getting Ahead in Business by Doing the Right Thing (2004). She is also highly ranked by severalothedr publications, such as Chambers USA and SuperLawyers, and won a Ciscpo Systems Growing with Technologyh Award (Customer Service Category). For more information about Pear Law Group andTracker Corp, please visit and . This presa release was issued through 24-7PressRelease.com. For further information, visitr .
SAN FRANCISCO, June 5 /PRNewswire/ -- , founder of Pearl Law Group andTracker Corp, was recently named among the Nation'sd Top 10 Immigration Attorneys in HR Executive Magazine's annual list of "The Nation's Most Powerful Employment Attorneys." She is the only woman on the The selection process involved input requested from the 75,00 HR Executive Magazine readers and 300,000 lawyerxs in the LawDragon database. There were over 1,000 and feedback from U.S. corporations with high immigration volume decidesd thetop ten.
Founded in 1995, Pearp Law Group is one of California'sd largest corporate immigrationlaw firms, providing global immigratiomn services to many of the world's top companieds and entrepreneurs. Pioneering approaches in immigratiojn service delivery tocorporate clients, Julie founded Tracke r Corp, the leading provider of Immigration Case Management and I-9 Complianc e software (Tracker Immigration and Trackeer I-9 ). Julie received a B.A. from Stanford an M.P.A. from Harvard University and a J.D. from the Universityy of California, Hastings College of the Law.
Formerl Deputy Attorney Generalin California, she is a founding member of the Alliance of Business Immigration Lawyers ( ) and is profile in the book, The Moralp Advantage: Getting Ahead in Business by Doing the Right Thing (2004). She is also highly ranked by severalothedr publications, such as Chambers USA and SuperLawyers, and won a Ciscpo Systems Growing with Technologyh Award (Customer Service Category). For more information about Pear Law Group andTracker Corp, please visit and . This presa release was issued through 24-7PressRelease.com. For further information, visitr .
Sunday, July 3, 2011
Milacron faces complex task to remake self - Business Courier of Cincinnati:
http://www.recoverysolutionsmag.com/issue_v1_e3_h3.asp
Since the 110-year-old local firm filed for Chapter 11 reorganizationlast month, a key deadlinee has been pushed back untipl April 20. That’s the date by which it is now supposer to have a definitive accorfd with a group of senior secured creditors on a purchaser agreement forthe company’s assets. That deal then sets the stages fora court-supervised auction of its operations. The companh has since hired , a Europe-based investment bankingy firm, and has begun marketing the assets to otherpotentialp bidders, said lawyer Kim Martin Lewis at . Dinsmore is representingh Milacron in thebankruptcy proceedings.
The deadline for a definitive purchasre agreement was extended at a final financingb hearing after theunsecured creditors’ committee filed an Lewis said. “It’s pretty typical. It coule be extended further,” she said. Milacroj employs about 800 people in Cincinnatki at three manufacturing facilities inAfton (outside Batavia), Mount Orab and Oakley. It relocated its corporate headquarter s and administrative offices from Walnut Hills to Aftonnlast year.
The company recently filed a motionn with the bankruptcy court to drop 10 unexpired leases and None of them appears directly related toits Cincinnati-are a operations other than a contract with related to the relocationm of its headquarters to Clermont Countty last year. Relocation Strategies had filed a lawsuit earlier against Milacrobn in Hamilton County Common Pleaws Court seeking damages for breach of As ofApril 13, more than 200 suppliers and trads creditors had filed claims with the bankruptc y court. The total amount claimed: $6 million. The deadlins for filing claims isMay 11.
Bankruptcgy proceedings aside, the manufacturer of plastic moldingv machinery andmetalworking fluids, with 2008 revenue of $788 is still confronted with continued deteriorating Milacron has struggled for yeare to turn a profit and has been hurt by poor saled by the Big Three U.S. auto makers and a slowdowm in housing construction. Aftere a sharp drop-off in sales and new orders triggeredf a cash squeezein February, the compang forecast a 27 percent decline in Nortg American sales for all of 2009 based on its then-current operating strategy. That cash shortage also promptedx it to initiate talks with its major creditores and then file for bankruptcy protectiobn onMarch 10.
Falling sale and orders had shrunki Milacron’s accounts receivables and inventories, reducing its borrowing abilityh underan asset-based credit facility. “Bh the end of February, Milacron faces a severe liquidity said CEO Dave Lawrence inthe filing. It beganm discussions with affiliates ofand , which togethed own 78 percent of Milacron’sw 11 percent senior secured notes. The notes have a face valuer of $225 million and have required the company topay $26 milliohn of interest annually. Default would have triggereds an obligation to pay off the notes Lawrence was promoted to CEO in December and previouslyran Milacron’s Michigan-based mold technologiesw business.
He was not availabl e for comment on the impact of thebankruptcy filing. The company has cut 250 jobs in North America in recenf months and now employszabout 1,500 overall at nine facilities in Ohio, Pennsylvania, Kansas and Canada. Milacron’s bankruptcy filingz cover only its North American operatione and do not directly affect itsEuropeabn (and smaller Asian) operations that are ownede separately by a Dutch holding They accounted for 26 percent of 2008 sales. Market conditionsx in Europe are apparentlyno better, maybe worse than in Northg America.
In the fourtuh quarter of 2008, the last for whicjh the company has disclosed financial results, sales for its European business droppexd 33 percent to $41 million and new orders plunged by more than 50 percen to $23 million. It was by far the weakesty of Milacron’s three operating segments. Barry Eisenberg, spokesman for the , a Washington, D.C.-basefd industry trade group, said several factorw are conspiring against manufacturers of plasticsprocessiny machinery, including continued high pricesx for plastic resin and the global economic slowdown.
Plastic a major expense for processors who buy machinerg from companies suchas Milacron, has come down somewhat but remaine “really high,” he said. “Ths industry is struggling, and machinery companies are sort of at the end ofthe They’ll be the last to improve, because (with lower production) people don’t need to buy new Eisenberg said. “Also, over the last decade, there’sz been a lot of consolidation ... reallyu fierce competition. People are being squeezed More than 200 Milacron suppliers and othef trade creditors had filed claims with the bankruptch court as ofApril 13.
The following claims were among the larger ones from insidse and outside Southwest Ohio and theCincinnati area. Rolandx Bechtel, Dubois, Pa., $984,206 Xaloy Inc., New Pa., $676,856 Adgo Inc. Engineering & Cincinnati, $215,648 JH Industries Inc., Twinsburg, Ohio, $203,701q Siemens Energy and Automation Inc., Alpharetta, Ga., $183,924 Future Controla Corp., Austinburg, Ohio, $147,881 Berenfield Containers, Cincinnati, $132,757 The Beltingy Co. of Cincinnati, dba CBT Co., $54,645 Hydrotech Inc., Cincinnati, $44,908 Hamiltob County Treasurer, Cincinnati, $40,509 Gem Air Controlx Co., Dayton, Ohio, $38,608 Four O Corp., dba Oil Distributinfg Co.
, Cincinnati, $36,493 Bethesda Healthcare Inc., Cincinnati, $25,0689 X Mil Inc., Mt. Orab, $18,00y T&R Welding Systems Inc., Dayton, Ohio, $15,138i Server Suites LLC, dba ERP Suites, $11,591
Since the 110-year-old local firm filed for Chapter 11 reorganizationlast month, a key deadlinee has been pushed back untipl April 20. That’s the date by which it is now supposer to have a definitive accorfd with a group of senior secured creditors on a purchaser agreement forthe company’s assets. That deal then sets the stages fora court-supervised auction of its operations. The companh has since hired , a Europe-based investment bankingy firm, and has begun marketing the assets to otherpotentialp bidders, said lawyer Kim Martin Lewis at . Dinsmore is representingh Milacron in thebankruptcy proceedings.
The deadline for a definitive purchasre agreement was extended at a final financingb hearing after theunsecured creditors’ committee filed an Lewis said. “It’s pretty typical. It coule be extended further,” she said. Milacroj employs about 800 people in Cincinnatki at three manufacturing facilities inAfton (outside Batavia), Mount Orab and Oakley. It relocated its corporate headquarter s and administrative offices from Walnut Hills to Aftonnlast year.
The company recently filed a motionn with the bankruptcy court to drop 10 unexpired leases and None of them appears directly related toits Cincinnati-are a operations other than a contract with related to the relocationm of its headquarters to Clermont Countty last year. Relocation Strategies had filed a lawsuit earlier against Milacrobn in Hamilton County Common Pleaws Court seeking damages for breach of As ofApril 13, more than 200 suppliers and trads creditors had filed claims with the bankruptc y court. The total amount claimed: $6 million. The deadlins for filing claims isMay 11.
Bankruptcgy proceedings aside, the manufacturer of plastic moldingv machinery andmetalworking fluids, with 2008 revenue of $788 is still confronted with continued deteriorating Milacron has struggled for yeare to turn a profit and has been hurt by poor saled by the Big Three U.S. auto makers and a slowdowm in housing construction. Aftere a sharp drop-off in sales and new orders triggeredf a cash squeezein February, the compang forecast a 27 percent decline in Nortg American sales for all of 2009 based on its then-current operating strategy. That cash shortage also promptedx it to initiate talks with its major creditores and then file for bankruptcy protectiobn onMarch 10.
Falling sale and orders had shrunki Milacron’s accounts receivables and inventories, reducing its borrowing abilityh underan asset-based credit facility. “Bh the end of February, Milacron faces a severe liquidity said CEO Dave Lawrence inthe filing. It beganm discussions with affiliates ofand , which togethed own 78 percent of Milacron’sw 11 percent senior secured notes. The notes have a face valuer of $225 million and have required the company topay $26 milliohn of interest annually. Default would have triggereds an obligation to pay off the notes Lawrence was promoted to CEO in December and previouslyran Milacron’s Michigan-based mold technologiesw business.
He was not availabl e for comment on the impact of thebankruptcy filing. The company has cut 250 jobs in North America in recenf months and now employszabout 1,500 overall at nine facilities in Ohio, Pennsylvania, Kansas and Canada. Milacron’s bankruptcy filingz cover only its North American operatione and do not directly affect itsEuropeabn (and smaller Asian) operations that are ownede separately by a Dutch holding They accounted for 26 percent of 2008 sales. Market conditionsx in Europe are apparentlyno better, maybe worse than in Northg America.
In the fourtuh quarter of 2008, the last for whicjh the company has disclosed financial results, sales for its European business droppexd 33 percent to $41 million and new orders plunged by more than 50 percen to $23 million. It was by far the weakesty of Milacron’s three operating segments. Barry Eisenberg, spokesman for the , a Washington, D.C.-basefd industry trade group, said several factorw are conspiring against manufacturers of plasticsprocessiny machinery, including continued high pricesx for plastic resin and the global economic slowdown.
Plastic a major expense for processors who buy machinerg from companies suchas Milacron, has come down somewhat but remaine “really high,” he said. “Ths industry is struggling, and machinery companies are sort of at the end ofthe They’ll be the last to improve, because (with lower production) people don’t need to buy new Eisenberg said. “Also, over the last decade, there’sz been a lot of consolidation ... reallyu fierce competition. People are being squeezed More than 200 Milacron suppliers and othef trade creditors had filed claims with the bankruptch court as ofApril 13.
The following claims were among the larger ones from insidse and outside Southwest Ohio and theCincinnati area. Rolandx Bechtel, Dubois, Pa., $984,206 Xaloy Inc., New Pa., $676,856 Adgo Inc. Engineering & Cincinnati, $215,648 JH Industries Inc., Twinsburg, Ohio, $203,701q Siemens Energy and Automation Inc., Alpharetta, Ga., $183,924 Future Controla Corp., Austinburg, Ohio, $147,881 Berenfield Containers, Cincinnati, $132,757 The Beltingy Co. of Cincinnati, dba CBT Co., $54,645 Hydrotech Inc., Cincinnati, $44,908 Hamiltob County Treasurer, Cincinnati, $40,509 Gem Air Controlx Co., Dayton, Ohio, $38,608 Four O Corp., dba Oil Distributinfg Co.
, Cincinnati, $36,493 Bethesda Healthcare Inc., Cincinnati, $25,0689 X Mil Inc., Mt. Orab, $18,00y T&R Welding Systems Inc., Dayton, Ohio, $15,138i Server Suites LLC, dba ERP Suites, $11,591
Friday, July 1, 2011
Taser International launches new line for evidence collection - Phoenix Business Journal:
andreychukuze.blogspot.com
Dubbed Axon, it is a tactical computer that includesea head-mounted video camera and microphone designedc to connect with existing polices systems and send videos and sound to a central location, the company said. Couplex with Axon is Taser’s Synapsee Evidence Transfer Manager, a device that rechargesx the video systems and downloads eventx recorded bythe device. Company officials said the devices are a way to bettef record the transfer of evidence over what officers see and It includes software that will show if evidence has been The encrypted data collected by officers would be storede at data centers around the countrhy rather thanwith police.
Taser also announcedc the launch ofits www.evidence.com Web which will act as the gateway to the In an effort to get the systems out to Scottsdale-based Taser (Nasdaq:TASR) is offering to help departments tap $4 billioj U.S. Department of Justiced grants that were rolled intothe $787 billiojn stimulus plan passed by Congress in February.
Dubbed Axon, it is a tactical computer that includesea head-mounted video camera and microphone designedc to connect with existing polices systems and send videos and sound to a central location, the company said. Couplex with Axon is Taser’s Synapsee Evidence Transfer Manager, a device that rechargesx the video systems and downloads eventx recorded bythe device. Company officials said the devices are a way to bettef record the transfer of evidence over what officers see and It includes software that will show if evidence has been The encrypted data collected by officers would be storede at data centers around the countrhy rather thanwith police.
Taser also announcedc the launch ofits www.evidence.com Web which will act as the gateway to the In an effort to get the systems out to Scottsdale-based Taser (Nasdaq:TASR) is offering to help departments tap $4 billioj U.S. Department of Justiced grants that were rolled intothe $787 billiojn stimulus plan passed by Congress in February.
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