Sunday, October 30, 2011

World Series: How 'bout those Cowboys! - Los Angeles Times

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Yahoo! Sports (blog)


World Series: How 'bout those Cowboys!

Los Angeles Times


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Friday, October 28, 2011

Workers at two MillerCoors plants ratify new deals - Phoenix Business Journal:

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and Fort Worth, Texas, have ratifiesd new, three-year contracts. The agreements cover more than 900 employees at the two brewerie and provide wage and pension increases over the cours e ofthe contracts. “Our members overwhelmingly ratifiedr these contracts at MillerCoors becausde they provide stability fortheifr families,” said Jack Cipriani, director of the Teamsters Breweryg and Soft Drink Workers Conference, whicj represents workers at the breweries. “Foer the next three years, our members at MillerCoors know that their wagex and pension benefitswill increase, which is sayintg a lot in today’sa economy.
” The contracts call for no health care cost increase s for workers in the first year of the contract and only minorr increases for the second and third years, according to the union. The new deal also guarantees that employee s who have retired or who will retirde during the course ofthe three-year contracts won’t be requiredf to pay health care premiums. “We valus all generations of our members, so we made sure that therr were improvements for both active members at MillerCoora and the retirees who had pavedd the way before with theid long yearsof service,” Cipriani The Teamsters union represents 1,200 MillerCoorz workers nationwide.
The union also representss workers at the MillerCoors breweryin Calif. Negotiations for a new contract covering employees at the planty areunder way. MillerCoors is a joinyt venture between MillerBrewing Co., and Coors Brewing Co., Golden, Colo., that launched in July 2008. MillerCoorzs operates a major brewery and regional office on Milwaukee’s west side. Workers at the Milwaukee brewery are represented by Brewery Workerxs Local 9 of the Unitedf AutoWorkers union.

Wednesday, October 26, 2011

Sensing a void, Cambria steps into loan sector - bizjournals:

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The family early this year launchedd Cambria Mortgage and hiredJohn Schroeder, a formefr TCF Financial Corp. executive, to be president of the Eden Prairie-basec brokerage. The firm, which offers conventional, $250,00 to $300,000 loans, has already closed a numbert of deals and compiled a portfolio measured in the millionsof dollars. Schroeder said Cambri a has “a family name, a stable company” behind it. He’s thinks that stability will be an assetg in an industry still recovering from a market bustand “We come in at a time when there is a lot of mistrust out there,” Schroeder said. “We want to be a team that is localand dedicated.
” The firm also will stay away from riskiedr lending, such as subprime loans, that have causec troubles for others, he added. Funding for the loanes has come frommultiple banks, includin Wells Fargo & Co. Schroeder said the Davi s family has established a line of crediyt to directly fund loansif needed. (Schroeded wouldn’t say how much.) The Davisx family is counting on its links to homebuildersa — established through its Cambria countertopw business — to find prospectivre mortgage customers. Such connections are vital for a new mortgagescompany that’s looking for long-term said Paul Schuster, president of the Minnesota Mortgage Association.
Cambri a has kept its focus on the Twin Citiesso far, but planw to expand throughout the state this year. Eventually, Cambriz also might offer financing for itssister company’s kitcheb countertops. Thomas Musil, the director of the Universityof St. Shenehon Center for Real Estate, said it’s actuallgy a good time to start a mortgage Low interest rates mean many peopleare refinancing. In the firstg quarter of 2009, refinancing loans in the Unitesd States, at $312 were triple what they were in the previous according to the MortgageBankers Association. And there’s certainly less competitiob these days.
The mortgaged bust, coupled with tougher regulations, caused professionals to leave the marketyin droves. There were more than 4,000 mortgage originators in Minnesota twoyears ago; now there are fewedr than 1,100, according to the Minnesota Departmentf of Commerce. “Somebody’s going to have to take theitr place,” Musil said.

Sunday, October 23, 2011

Debate arises over Confederate Flag license plate design - ToTheCenter.com

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Debate arises over Confederate Flag license plate design

ToTheCenter.com


A new Texas license plate design that honors Confederate veterans is causing some controversy among elected officials, who are swearing to protest the plate's flag design. US Rep. Sheila Jackson Lee, D-Houston, said she, along with other officials, ...



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Friday, October 21, 2011

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Silicon Valley / San Jose Business Journal:

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That was word from the Columbia company Tuesday inregulatory filings. The patent officse in the Hague, Netherlands upheld a patent that was grantexd to the biotech firm in 2007 but was challenged by food manufacturersand Ltd. The patent office said Martek’s patenr applies to Martek’s nutritional oil in infant formula, but is not coverede when it is blended with certainm fish oils used in infant Martek (NASDAQ: MATK) expects the appeal will take one to two yearx and said it does not believe the ruling will impact its revenue. Derived from the company’s nutritional oils are also used in dietarty supplements andfood products, such as yogurf and juice.
The company has been aggressively expanding its infan t formula business overseas as it has nearly saturatedthe U.S. Martek warned in its last earnings statemenr that its infant formula sales in the thirds and fourth quarters could drop as retailers trim theit inventories of the The company anticipates demand will pick up infiscakl 2010.

Wednesday, October 19, 2011

Tornado damage suspected in Indiantown after building left in ruins - WPTV

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WPTV


Tornado damage suspected in Indiantown after building left in ruins

WPTV


Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. INDIANTOWN, Fla. -- Around 9:30 pm on Tuesday night, Martin County Fire Rescue received a report of a tornado touching ...



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Monday, October 17, 2011

Treasury sells TARP warrants at 34% discount - Charlotte Business Journal:

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Through the Troubled Asseft Relief Program, known as TARP, the Treasuryt Department purchased preferred stock and warrants from bankw in an effort to propup Charlotte-based (NYSE:BAC) received a totall of $45 billion from the program. (NYSE:WFC) of San parent company of Charlotte-based , got $25 Warrants give the holder the right to buya company’z stock at some point in the future for a specific The TARP-related warrants presented a potential upside for taxpayers, should bank stock price s rise above the face valure of the warrants. Many bankd have sought to buy back their preferred sharesand warrants.
“Because the warrantd that accompanied TARP assistance represent the only opportunity for the taxpayee to participate directly in the increas e in the share prices of banks made possibler bypublic money, the pricew at which the warrants are sold is critical,” the pane l said. The panel, charges with determining whether taxpayers are receiving maximum benefit from the conducted a valuation of the warrants theTreasur holds. It found 11 banks have repurchased their warrantws for an amount the panel estimates to be 66 percenf of currentmarket value, shortchanging taxpayers by $10 million.
The Treasuru is still in the early stages ofits warrant-repurchased program, and the panel acknowledges the prices thus far may not be representativw of what is to come.

Saturday, October 15, 2011

Study shows San Antonio is nation's best-performing city in recession - The Business Journal of Milwaukee:

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The Washington, D.C.-based think tank has begunm analyzing the impact of the recessionthroughoutg America’s metropolitan areas. In the first of a seriesd of quarterlyMetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performanced in the wake of the recession. Brookingzs ranked the top 100 metropolitan areasx based on six keyindicators employment, unemployment rates, wages, gros metropolitan product, housing prices and foreclosurw rates. This initial MetroMonitor report covers the first quarterof 2009.
The five worstf metropolitan areas in the countrgy impacted bythe recession, in descendinbg order, are Jacksonville, Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitan areasx are feeling the effects of this but the distress is not shared saysAlan Berube, research director of the Metropolitanm Policy Program at Brookings and co-authof of the report. “While some areas of the countrg have experienced only ashallow downturn, and may be emerging from the recession already, people living in metro areas that are now performingv weakest economically should prepare themselves for a long recoverty period.
” Howard Wial, director of the Metropolitan Economuy Initiative at Brookings and another co-author of the report, argued that the report shows that a national fiscal and monetary policy will not be enough for stimulatingh the economy. “Many (metro) areas will need targetef assistance, and since states have no funds available, the federakl government will have to step up to fill the Concentrations of industry activity have both helpedf and hurts some regional economies duringthe recession.
For example, metropolitan areas in statews with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largely been insulated by the However, metropolitan areas in states like Michigam and Ohio that depend heavily on the automotives industry have been impacted by the downturn in the economy, the reportt shows. San Antonio is home to Randolpn AirForce Base, Fort Sam Lackland Air Force Base and Brooksx City-Base.
The 2005 Base Realignment and Closure decision alond is providing a significanr economic punch to theAlamok City’s economy through the consolidation of high-paying military healthu care jobs and more than $2 billion worth of new constructionh activity. A separate report releasedr by LLC outlining the impact of BRAC showed that Fort Sam Houston alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 milliom square feet of space.
Construction activity due to BRAC alonee shouldcreate 46,000 construction jobs during the course of the buildinyg programs, the DiLuzio report

Thursday, October 13, 2011

New South Federal CEO leaves - Birmingham Business Journal:

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David Larson, who was hired in 2006 to growthe bank’es assets and key businesses, will leave the according to a press releaswe issued late Monday. “We brought David in to grow the bank’xs core businesses,” Ratliff said. “...While we’ll miss David, he recognized that with the curreny realestate market, we now have to focua on conserving capital instead of a growth strategy for the cominh months. We wish him the best.
” Earlier this year, the Irondale-based bank was hit with a ceasw and desist order by the Office ofThrifr Supervision, which demanded the bank lower its skyrocketingb problem loans and boost its capital To conserve capital, the bank has scalex back its operations and suspended new lending in certainb lines of businesses, Ratliff said. the bank is seeking an investment bankingy firm to help it find solutions to itscapital needs. , Ratliff said the company is seekingt sophisticated investors that can see beyondr itspresent situation. New South Federapl Savings Bankhas $1.9 billion in assetd and 26 loan production offices acrossx the Southeast.

Monday, October 10, 2011

Zagat survey says Starbucks has best fast-food coffee - Pacific Business News (Honolulu):

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That’s the result of a survey of morethan 6,00 0 respondents who completed a Zaga t fast food survey, who rated food and servicer of more than 100 restauranty chains across the country. Seattle-based (Nasdaq: also was voted the nation’s most popular quick refreshmenft chain inthe survey. Other winners of the New York-based Zagatt fast food survey categories included: Subway Restaurantd — best mega-chain (more than 5,000 U.S. outlets); Panerqa Bread — best large chain (lessz than 5,000 U.S. outlets); best full-service P.F. Chang’s China Bistro. Starbucks finishexd down the list in someother categories.
“In other categories, including overallo experience and providinghealthy options, Starbucks ranked No. 8 and No. 9 (and) acknowledges that it has roomfor improvement,” Starbuckes officials said in a statement.

Saturday, October 8, 2011

17 Countries, but Even More Unknowns - New York Times

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17 Countries, but Even More Unknowns

New York Times


“THE direct exposure of the US financial system to the countries under the most pressure in Europe is very modest.” That's what Timothy F. Geithner, the Treasury secretary, told Congress last week, trying to allay concerns that ...



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Thursday, October 6, 2011

Week in review - South Florida Business Journal:

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Equity One (NYSE: EQY) said Jeffrey Olson will join it Jan. 1, and will start terms as its CEO and presidenyin April. Katzman has been chairman and CEO at Equityu One since thecompanyu began. He was also, until November 2000, company Olson is currently president of the eastern and western shopping center regions of KimcoRealty (NYSE: KIM), a shopping center development and managementg firm. He joined the company four years ago. Doron Equity One's current president and COO, has given notice that he does not intenfd to renew his employment agreement with the EquityOne said. Valero is to stay through year-enc to facilitate the transition.
Valerio praised his 13 years atEquity One, but said it is time for him to pursude other business interests. American Ventures Realty Investors said it has sold its officwe tower in Coral Gables forabout $60 The real estate investment manager said its sale to RREEF was for $272 a squar e foot. The 220,000-square-foot property, at 255 Alhambra had been part ofAmericahn Ventures' investment portfolio since 1994. Since though, American Ventures had ownedc the property in a joint venturewith , a globaol investment group. Tenants at the 91-percent-leased Coral Gables office towetinclude , and . A new weekly shipping servicw from the Far East tothe U.S.
East Coast has arrivef at the Portof Miami. The CKYH Allianced is composedof COSCO, Yang Ming Line, and Line, the European subsidiary of global Japanese shipping and logistics companyh . The stevedore is APM Terminals. Flagler/ said its Codinqa Realty Services arm has accomplished two both to logistics totaling 227,586 square feet at Beacojn Lakes Business Park. The newest warehouse tenants, both to take occupancyg earlynext year, at the 436-acred commercial development the Airport West submarket are , whic leased 192,426 square feet (Building 10), and Freighf Logistics, which leased 35,160 square feet in an existing multi-tenanrt building (Building 6).
said it has addee two clients - Wines and the Food Network South BeachWine & Food Festival. HRMC is to develo and implement a national marketing and publidc relations branding campaignfor Chamarré Wines and manage and coordinate marketing activitiex for the festival, to be held Feb. 25-27, in said it has signed a deal to open a hotep and schoolin Panama, the first time the companyy has developed an educational The Miami-based hotel group (NYSE: IHG) proposed a 110-roo hotel at the City of Knowledge, an international complezx for education, research and innovation, with Empresax Bern, a Panamanian real estate company.
The Miami Parkinbg Authority board of directors has named Jami Reyezs its chairwoman to replaceOscar Rivero. Reyed has served on the MPA boarrsince 2003. She is also a partnef at Miami marketing and public affairs consulting firm GordonReyes & Co. Michaeo J. Higer, David H. Lichter and Jaco J. Givner have formed a law firm - , in The firm's address is 2999 N.E. 191st St., Suit 700, and the phone number is (305) Miami-based Royal Caribbean International said the hull is complete on its Libertyg ofthe Seas, under construction at Aker Yards in Finland.
The ship has been floated from dry dock to wet dock for the finaol months of finishing work leading to its May2007 Miami-based (AMEX: TWW) said EAG), a broadband, Internet protocolp and communications technology firm, has signe d a multi-year renewable collocation agreement to deliver Internert protocol television nationwide from Terremark's NAP of the Americase in downtown Miami. The Internet infrastructure and services firmsaid Eagle'sz IPTV services include direct access to more than 200 entertainmenrt channels. has opened a branch in Miami's Dadelancd area. The newest office for the Miami-basec bank is at 8211 S. Dixiw Highway.
Organizers said they are expecting hundreds ofgaminhg industry, Indian country, politics, tourism and law personnel to converge, Oct. 16-17, for the Summit at the Casino. Sessions are to include an Indiangamingb update, regional gaming overview and looks at how gaminb impacts tourism and politics. said it has sold sharea to an investment firm and made its managinfg partner thenew chairman. The Deerfield Beach-basefd online diet, health and fitnesxs firm said itsold 297,030 primary shares to , whilew its founder and chairman, Davids R. Humble, sold the investor 4.3 million. Humbler then resigned from theeDiets DIET) board, so Kevin A.
Richardson II, Pridezs Capital managing partner, could take over the chairman job. said it is expanding its winter service to Fort Lauderdalew and otherFlorida locations. The new flightws include nonstop service between Fort Lauderdaleand Detroit, effectiv e Nov. 15. said it will start direct service from Fort Lauderdal toLas Vegas, Nov. 15. Spirigt already offers connecting service to Las Vegas from Fort Lauderdale via itsDetroi hub. buys The said it is selling its Weisxs Ratings subsidiary to financial publishingcompany TheStreet.com. In the next the Jupiter-based ratings service is to shed its name and takeon TheStreet.comj moniker.
Employees are to continus to work out of WeissRatings offices, but are to be paid by Founded in 1988, Weiss Ratings provides independent ratings and analysis on more than 16,000 mutuakl funds and more than 6,000 stocks. Two Palm Beach Countty companies are to add 50jobs each. Aerospacer and mechanical engineering firm is to up employmeny at itsJupiter facility. To facilitate the hiring, Parametri is to receive a $74,813 state training The Business Development Board of Palm Beach County said it helped facilitate the grant and The positions, with average annual salaries of about are to come during the next two years. The seconde expansion is Venture Mariner in WestPalm Beach.
That company is to receivse a $75,000 grant and is to expand into a largeer facility inRiviera Beach. Venture Marinwe builds high-end custom sport-fishing The grant came from PalmBeacnh County's Development Regions Grant Program, which is designeed to stimulate economic development in blighted areas. , a commerciakl real estate firm based in Fort saidBBCB LLC, the 20-year-old law firm of Edgafr Benes specializing in real estate has purchased a 2,560-square-foot office condominium at 2300 N.W. Corporatwe Blvd., in Boca Raton, for its corporate headquarters. Ten stafr members are to relocate to the new which was previously the corporate headquartersof .
Boca Raton-based , has discloser two five-year leases at its 72,583-square-foot Admiral's Crossing shopping centerr at Military Trail and Fredericlk Small Roadin Jupiter. The firm said Jimmy John'zs Sandwiches & Subs has signed for 1,600 squarwe feet and JR Jewel has signedfor 1,200 squarer feet. has bought computer and storage systemz fromMountain View, Calif.-base d . The technology is to establisyh FAU's Center for High Performance Computing at its BocaRatoj Campus. has opened a 7.4-acre campusa in Palm Beach The $22 million expansion triples the size of aformee facility. said it will buy the 155-roon Rockville in Maryland fromfor $23.3 million.
The Palm Beach-basesd hotel REIT (NYSE: KPA) said the now under construction, is expected to open in The deal works outto $150,000 per key and is expectedx to close by the fourth quarter. has namexd presidents for Broward County and PalmBeach County. The Ala.-based bank said Gerry Litrento will lead Browarcd County and Val Perez will lead PalmBeacuh County. Litrento joined Regions in 2003 and has beenmanaging Broward/Palm Beach commercial banking portfolio. Before he was a commercial market executivefor . Perez joined Regions' Miami-Dade groupl in 2001 to head retaipl banking. He was most recentlyg president for Regions Bank insouthwestr Florida.
His banking career spans more than 20 yeara with Bank of America andNortherhn Trust. Some insurance companiex many be pulling out of but iscoming in. Company officials said they will offer personal linesa of insurance from homeownere to automobilethrough Agency, a subsidiar y of Coldwell Banker's parent company. Coldwelk Banker began offering theinsurance coverage, Aug. 1. The agency is to have six employeed in Florida supported by marketing and telephonew representatives atthe company's Waltham, Mass., has expanded into Miami-Dade opening a branch in Aventura. The 2,000-square-footf banking center is at 19058 N.E. 29th Ave.
The bank has more than $250 millionb in assets in Broward County from its downtown Fort Lauderdalr and CoralRidge offices. North Miamo Beach landscape architecture firm said it willdesign landscaping, exterioer lighting and irrigation systems for Hilton Airporr Plaza, to be at 7370 N.W. 36th St., The 7.3-acre site is being developed by , of Boca Architecture is to be byMartinb A.D. Yabor & Associates, of Miami. The plaza is to include a , a Homewood Suites by Hilton and Carabasand Roy'ws restaurants. Groundbreaking is tentatively scheduled for late fall orearlyt 2007. Completion is slated for early 2008.
Cushman Wakefield said it has negotiatedan 18,500-square-fooft lease for Fowler White Boggs Banker at Heritagse Square, in Fort Myers. The law firm has more than 230 attorneysz in10 offices, including locationse in West Palm Beach and Boca The landlord for the newest three-story, 20,500-square-fooft office at 2235 First St. is Heritage Square Land The founder and chairman ofFort Lauderdale-basef Zimmerman and Partners Advertising has given his alma matert $1 million, the largest donation in the history of the mass communication s program at the University of South Florida.
The from and his wife, Denise, is to alloa the university to securea $750,000 match from the The gift is to support the Zimmermamn Advertising Program in the Schoo of Mass Communications, a set of undergraduate advertisinf and marketing classes.

Tuesday, October 4, 2011

WNBA's Sparks ink jersey sponsorship with Farmers - Phoenix Business Journal:

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Terms of the deal were not disclosed. The brandexd jersey will be worn when the team opens its seaso Saturday with a game against the defending WNBA championDetroitf Shock. In addition to the jersey Los Angeles-based Farmers Insurance will receives "considerable visibility" in during the Sparks' home games. "We are very exciteed to be on the cutting edge of this type of sponsorshi with a major sportse franchise in amajor market.
What made it even more attractivd is that the Sparks reach a primary demographif in our marketingstrategy – the women'xs market – not only in but throughout our operating territory,” Farmerse Insurance Executive Vice President and Chief Marketing Officerf Kevin Kelso said in a statement. The move comes on the heels of anotherWNBA team, the , inkingg the league's first jersey sponsorthip deal earlier in the week with Jersey sponsorship is prevalent in overseasa sports, most notably soccer, but has not caught on amongst the majorr sports in the Unitee States. has gone the way of the overseaa counterparts withjersey sponsorship.
The Los Angele s Galaxy's jersey is sponsored by and is sponsorerdby . The is now allowing teamx to have sponsor patches on practice The and have both been reportedly examining suchsponsorship deals, according to media reports.

Sunday, October 2, 2011

Chrysler, Fiat finalize deal after Supreme Court steps aside - South Florida Business Journal:

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The move comes a day after the decidedr not to hear a court action from a grou of pension funds in Indiana that had temporarilyt halted the dealon Monday. The deal comese five days ahead of a deadliner imposed by Fiat to complets the merger and is expected to open the door for more governmentr loans to struggling automanufacturee Chrysler. Attorneys for the pension funds arguex that they would receive just pennies on the dollar fora $42 millio n loan given to Chrysler. U.S.
Solicitor General Elena Kagan said the imminent collapse of which already was losing upwardof $100 millionh daily, was of greater concernj to government officials than the loan When Chrysler filed for Chapter 11 bankruptcy protectio n last month, it spellexd out how it would merge with Fiat and what the new Chryslee company would entail. It also said it would reject 789 dealershipagreements nationwide, including .