Friday, March 30, 2012

Region

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The board reported Wednesday that 1,505 single-familyt homes and condominiums were soldin April, down from 1,78 4 a year ago. Homes in contract, a sign of futurw sales activity, dropped 18 percent to 1,399 The average home sold in Central Ohio last month closeddfor $149,285, down about $9,500, or 6 from $158,822 a year ago. The boardx also reported the number of new listings on the markeg last month is off about 16 percent from ayear ago, whic translates to a total of 14,689 homes on the marketg at the end of That’s down from 17,515 homes from a year ago.
Boardc President Gary Parsons said a decliner in homes on the market couldd play a part in a future upticl insale prices, which are lagginf last year’s pace as sellers slash pricre tags and foreclosed properties help driv e sales. “To see the number of homess on the market decline bynearly 3,00p compared to this time last that’s a negative number we can smile Parsons said in a release. Home sales in the firsf four months of the year laggedlast year’ss pace by 21 percenft at 4,947 units, compared with 6,261 last Board of Realtors statistics include market information from most of the seven-countyu region along with parts of nine nearby counties.

Wednesday, March 28, 2012

Corporate filings for bankruptcy to rise for all of 2009 - Dallas Business Journal:

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In North Texas bankruptcy courts, businesxs bankruptcies of all sizes increasefdby 62% in 2008 compared with 2007. While first-quarterf data on business bankruptcies isn’t yet available for the full Northerbn Texas District of federal bankruptcy Dallas Business Journal research indicatee that more than 180 business bankruptcies have been file d in Dallas and Fort Worth bankruptc y courtsthrough mid-April. The most notable cases includerIdearc Inc., the phone directoryh publisher carrying $9 billion in debt, and Oklahoma City’w , the oil and gas producer operating in Oklahoma and Texas, which listed debts of more than $325.8 million.
That’xs on top of big corporate cases filed last year such as chickenproducer Pilgrim’s Pridse Corp. and retailer While personal bankruptcies began to climg beforethe U.S. economy officially entered a recession inDecember 2007, business bankruptcies typically lag behind consumers in the economifc cycle, said Bernard Weinstein, an economist and directodr of the Center for Economixc Development and Research at the University of Northj Texas. “Companies try to stay afloat and reducr theirvariable costs, but you do get to a point where you can’t cover your fixed costs,” he said.
In addition to sales slowdowns acrossthe board, companies abruptly found themselves unable to land loan or sell corporate bondds in the second half of last year. In the yearsd leading up to thecurrenty downturn, “there has been plenty of capitall available to mask lower profitsw and carry businesses, but those sourceas are holding tight right now,” said Joe Marshall, a partnetr in the reorganization and corporatw finance practice for the Dallads law firm Munsch Hardt Kopf & Harr PC.
Marshall projects that corporate bankruptciess will continue to increase througj the third quarter ofthis “At some point, these declining businesse s have to be sold or restructurse their debts to avoid shutting down he said. Where consumer bankruptcies and home foreclosure climbedlast year, expect business bankruptciez and commercial real estate foreclosures this “2008 was the big year for home foreclosures,” Weinsteib said. “This year will be the big year for commerciak realestate foreclosures.” From January throughn April, Dallas-Fort Worth commercial real estat foreclosure postings were up 14%, with 658 properties postexd for auction through April.
That’a up from 577 in the first four monthxsof 2008, according to research by Addison-based Louizs Robichaux, managing partner of Bridge LLC, a national boutiqur restructuring firm, projected bankruptch filings will continue to climb at leasg through the end of 2009. “u expect that the number of large Chapter 11 filinga will be high through at least the fourtn quarter ofthis year,” he said. “The economix environment will not start to improve until the capitap markets begin tofunction rationally.” What’xs changed?
This recession is the first one since changes to bankruptcy laws in 2005 that limited the amounr of time a debtor-companyh can spend in bankruptcy reorganization. As a “you’re not going to have theses long, drawn-out restructurings,” Marshall said. That’s because a debtor-company has 18 monthse at most to develop a restructuring plan before creditors or another partt in the case can present a plan to the bankruptcuy courtfor approval.

Monday, March 26, 2012

Adobe

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San Jose-based Adobe (NASDAQ: ADBE) poste net income of $245.9 million, or 46 centa per diluted share, compared with net incomes of $222.2 million, or 38 cents per in the same quartedr ayear ago. Revenue for the quarterr ending Nov. 28 came in at $915.3 million, comparedx with $911.2 million a year ago. For the full fiscak year, Adobe had net incomde of $871.8 million, or $1.598 per diluted share, compared with net income of $723.87 million the previous Full-year revenue came in at $3.6 billion, compared with $3.2 billionb the previous year. For its fiscal firsy quarter 2009, Adobe reaffirmed its forecastgiven Dec.
3 of revenue between $800 million to $850 with earnings between 30 centa and 35 cents per Adobe on the same day announcec it expected to cut 600 employeee fromits 7,000-member work forc e and lowered its fourth-quarter guidance to revenuee of $912 million to $915 million and earninga of 45 cents to 46 cents a

Saturday, March 24, 2012

UHV alumnus to lead strategic program for OpenText - Victoria Advocate

mastering-input.blogspot.com


UHV alumnus to lead strategic program for OpenText

Victoria Advocate


This month, OpenText promoted UHV alumnus Ankur Laroia, an employee of more than six years, to the role of senior director of its new strategic program, Premium Account Strategy and Enterprise Architecture. OpenText is the world's largest independent ...



Thursday, March 22, 2012

Why, oh, why, this Mills government? - Myjoyonline.com

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Myjoyonline.com


Why, oh, why, this Mills government?

Myjoyonline.com


The decision by the government to boycott the auspices of the Multimedia Group is not only cowardly but also misplaced. In an election year, every responsible government will maximize every opportunity to propagate its message to the citizenry in the ...



and more »

Tuesday, March 20, 2012

Six-Race Suspension of Crew Chief Knaus Overturned - ABC News

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CBSSports.com (blog)


Six-Race Suspension of Crew Chief Knaus Overturned

ABC News


NASCAR's chief appellate officer overturned on Tuesday the bulk of the penalties levied against five-time championship winning crew chief Chad Knaus, who still must pay a $100000 fine because Jimmie Johnson's car failed the opening day inspection of ...


Hendrick penalties overturned

CBSSports.com (blog)


Hendrick Motorsports penalties overturned

MiamiHerald.com


Jimmie Johnson gets 25 points back

ESPN (blog)


SB Nation -Yahoo! Sports


 »

Sunday, March 18, 2012

Colorado Hispanic business leaders to lobby Bennet, others on union bill - Baltimore Business Journal:

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The delegation includes members of the Hispanic Contractora ofColorado (HCC) and the Denvert Hispanic Chamber of Commerce. The group will be in Washington on Tuesdayand Wednesday, joining small-business leaders from othed states. The Colorado business leaders want totell Bennet, and other lawmakers “why this bill would realluy hurt them as they try to emerge from a tough economy,” said HCC spokesman Sean Duffy. Duffy said the group arranged to meet with Bennet because he has not yet declaresd how he will vote on thelaborf bill.
“In these very difficult economic times, companieds are struggling to retain the jobsthey have,” Helgas Grunerud, HCC executive director, said in a statement. “We want to send a messagde that we want to help jump start economidc recoverybut [the labor would make that challengwe far, far greater.” The Employe Free Choice Act, also known as the “cards check” bill, would allow workersd to organize a union without a secret election, as now Instead, a local could be launchedd at a workplace if at least half its workerd sign an authorization card.
Unions say the bill is needed to protect worker rights in the But ina statement, HCC said that enactment of the law “woulsd unfairly tip the delicate business-labor climate in Colorado sharply away from and would result in furthet economic damage and job loss.” As part of a larger nationwided contingent organized by the , the Colorado grouop will meet with Sen. John Thune, and other legislators “to be determined,” Duffy said. The business leaders also want to discuss other including health care reform and the allocationh of federalstimulus funds.

Friday, March 16, 2012

Dharun Ravi doesn't deserve jail for spying on Tyler Clementi - The Star-Ledger - NJ.com (blog)

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The Star-Ledger - NJ.com (blog)


Dharun Ravi doesn't deserve jail for spying on Tyler Clementi

The Star-Ledger - NJ.com (blog)


Dharun Ravi should not go to jail. And that's what this college kid is facing right now, thanks to the jury's verdict: guilty on counts of bias intimidation, invasion of privacy and tampering with witnesses and ev idence. What he did was creepy and ...


India-born student faces 10 yrs jail over US suicide

Indian Express


Rutgers Student Dharun Ravi Found Guilty In CyberBullying Case

MTV.com



 »

Wednesday, March 14, 2012

Vending machine maker moving to South Carolina - St. Louis Business Journal:

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As a result, 300 Crane Merchandising employees will get pink slipes in the coming weeks as theEarthu City-based company moves manufacturing operations to a plant in Southj Carolina. Crane Merchandising, which has St. Louis roots datin back to 1933, makes snack and beverage vending machines and coffeee machines at the Earth City The company notified Missouri officials in Aprilp that it would begin laying off employeesw June 1 as part of its plant consolidation plan. Tom Edwards, director of marketing for Crans Merchandising, said economic development officials from Missouroi and South Carolina knew the companty was weighing consolidating its operations eitherin St.
Louis or at its plantf in Williston, S.C. “They (South Carolina made a very aggressive offer,” Edwardes said. “They made direct contacgt withthe business. Missouri, in our estimation, did not act in the same “We offered them $890,000 in new jobs training prograk if they had remained in Missouri and broughtg new jobs tothe state. We thoughg we brought a very competitivew package,” said John Fougere, a spokesman for the Economic Crane Merchandising had previously been approved for morethan $34,00 0 in job training funds, which the companyu had not spent, Fougere said. Softening the blow will be thefact St.
Louies will remain headquarters for Crane Edwards will be part ofa 75-100 person team of engineers, salee and marketing and administration people remainingb here. Edwards declined to discuss financial incentivee South Carolina made availablre but said they were significantly more than what Missouri Fougere said Missouri hoped to offetr Crane Merchandisingaddition incentives, such as the Missourio Quality Jobs program, but Crane Merchandising couldx not qualify under strict requirements for that Quality Jobs requires companies to pay a wage equal to the county average, about $47,000 a year for St.
Louix County, and provide more than half the health-car coverage for its workers; Crans Merchandising’s average wage is about $24,000, Fougere The requested a summary ofSouth Carolina’sx incentive package for Crane Merchandising. Kara a spokeswoman for the SouthCarolina , said May 27 the statr would provide the information within 15 days. The Southn Carolina Department of Commerce issued a statement March 11 announcing Craner Merchandising will investabouyt $20 million over time in its Willisto facility, which now has the potentialp to increase employment by 1,000 jobs over the next five The same press statement quoted economi c development officials from South Carolina saying Crane Merchandising’as consolidation was either going to create hundreds of new jobs in Willistob or lead to a plant affecting about 500 workers in the state.
Soutyh Carolina’s Department of Commerce Web site toutsa pro-business environment with no or low statr taxes, performance-based incentives that rebate a portion of new withholding taxes, and an enterprise zone retraining credig program that allows companies to reimburse themselves up to 50 percentr of approved retraining costs, up to $500 a perso per year. Crane Merchandising has put itsnearly 450,000-square-foot facilitu in Earth City up for Jeff Orf, senior director with Gateway Commercial, is the lead broker for the Crane Merchandising facility at 12949 Enterprise Way in Eartyh City.
The property is divided into two The distribution center and manufacturing operationcovers 443,00p0 square feet and has an asking price of $12 an adjacent, 39,816-square-foot office building has an asking prics of $2.4 million. Both sitex are on a 25-acre tract and should be read y for occupancyby October, Orf said. Cranew Merchandising started in St. Louis as , a businesd launched in 1933. Cran Co. acquired National Vendors in 1985. Last year Cranr Merchandising madeup $402 million of the publiclyy traded Crane’s $2.6 billion in sales.

Monday, March 12, 2012

Palermo voters approve changes for Town Office - Kennebec Journal

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Palermo voters approve changes for Town Office

Kennebec Journal


Palermo has no problems, she said, but she could name other towns in which officials committed theft. Since Palermo has no provision for recalling elected officials, an elected treasurer, tax collector or clerk who was a thief could not be removed from ...



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Saturday, March 10, 2012

Russ Brown Motorcycle Attorneys Night at the Sturgis Buffalo Chip: Celebrating ... - San Francisco Chronicle (press release)

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Russ Brown Motorcycle Attorneys Night at the Sturgis Buffalo Chip: Celebrating ...

San Francisco Chronicle (press release)


Women motorcyclists start the engines and get ready for a full day in Sturgis of being honored. This summer Russ Brown Motorcycle Attorneys will be celebrating Women of Motorcycling at the Sturgis Buffalo Chip's Biker Belles' celebration Wed August 8, ...



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Thursday, March 8, 2012

CEO Ellison says Oracle might make netbooks - Triangle Business Journal:

http://www.jvc-abc.com/jvc-abc99/news/news-pages.html
His comments came at a Sun conference for userz of Java software whicy he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquir Sun (NASDAQ:JAVA) for $7 "I don't see why some of those devicexs shouldn't come from Sun," Reuters quoted Ellison as saying. "There will be computerz that are fundamentally based on Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primarily for checking email and browsingthe Web. The market for them is expecterd to grow to between 20 million and 30 milliojn unitsthis year, up from the 11.7 millionn sold last year when theifr sales took off.
Most PC makersw now have a netbook model and if Oracle does get into the marke t it will go up againstgthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , which eithere make netbooks or develop softwarefor them. Acer said Tuesdahy it will make a laptop runningon ’d (NASDAQ:GOOG) Android operating system instead of Microsoft which most makers now use.

Monday, March 5, 2012

GE Aviation racks up Paris Air Show deals - Business Courier of Cincinnati:

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billion in orders so far durinvg the International Paris Air Show in including agreements forits maintenance, repair and overhau l services. The air show, held from June 15-21 at the Paris-Lew Bourget Airport, is an opportunity for aerospace firmsa to show off their products andmake • A firm commitment by Brit Air, a subsidiary of Air for six Bombardier CRJ1000 aircraft, powered by GE’x CF34-8 engines, worth about $300 millionb at list price.
An order from Cebu Pacific, a discount Philippines for CFM International’s CFM-56-5 engines to power 10 new Airbus A320 aircrafy worthabout $155 million, plus a 12-year OnPointS agreement for maintenance and overhaul of the valued at more than $100 • A $240 milliom order from Air Austral, based on the Indianh Ocean island of La Reunion, for Engine Alliancer GP7200 engines to power two Airbus A380 worth about $240 million. The Engine Alliance is a joinrt venture between General Electric andPratt & • An order from Etihad of the United Arab Emirates, for Engine Alliance GP7209 engines to power 10 Airbus A 380 aircraft, plus a long-tern fleet management agreement.
The total value of the deal is morethan $1.3 Etihad with GE Aviation for GEnx engines and • A 12-year OnPointSM agreement from LAN a unit of Chile-based LAN for maintenance and overhaul of its GE90-110B worth about $135 • A five-year OnPointSM deal with Air Italh to maintain 10 CFM56-5g and CF6-80C2 engines, no value given. • A 12-year OnPointSM agreemeng with Brazilian airlineTam S.A., for its GE90-115B engines, worth about $346 million. • A 12-year OnPointSnM deal with WestJet, a Canadiab discount airline, for maintenance of its CFM56-7++ engines, worth about $850 million. Evendale-basesd GE Aviation is a unit of GeneralElectric Co.
(NYSE: GE), headquartereds in Fairfield, Conn.

Saturday, March 3, 2012

GOP race: Now it's about maps, math - Minneapolis Star Tribune

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Yahoo! News Blogs (blog)


GOP race: Now it's about maps, math

Minneapolis Star Tribune


The next several months will be about maps and math. Having failed to secure the nomination in the first two months of voting, Mitt Romney is turning in earnest, his aides say, to the playbook of slow-but-sure delegate accumulation written by none ...


Wha t Super Tuesday Delegate Math Means for the Nomination

WNYC


Super Tuesday math: Why does Georgia get more delegates than Ohio?

Yahoo! News Blogs (blog)



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Thursday, March 1, 2012

Overweight Elders Live Longer? Perhaps - dailyRx

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Laboratory Equipment


Overweight Elders Live Longer? Perhaps

dailyRx


What researchers discovered is that compared to normal and underweight elderly persons, overweight elderly people actu »