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The lawsuit seeks class-action status and was filed Thursday inthe U.S. Districtr Court of Kansas. The suit contendsz that Overland Park-based Ferrellgaa (NYSE: FGP) sold 20-pound propane tanks, the type customers normally use forbarbecu grills, but that the containers actually held The tanks in question normally hold 17 to 18 poundxs of propane as a precaution againsyt expanding gas, but the company starte selling the tanks with 15 pounds of gas after according to the lawsuit. Because the pricwe of the tanks did not change and Ferrellgasx did not say that the amount of gas was California resident Jeremy Drucker claimed unjusgt enrichment by Ferrellgas inhis lawsuit.
The plaintiff, who is representedd by , seeks at least $5 million. A spokesmahn for Ferrellgas was not immediatelyg availablefor comment.
Wednesday, February 27, 2013
Saturday, February 16, 2013
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Puget Sound Business Journal (Seattle):
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The Triangle auction, conducted by auctiom company , will be held on at 1 p.m. at June 27 in the Hiltonm North Raleigh, 3415 Wake Forest Road. All of the homesw in the auction will besold “as-is.” Buyerse who wish to inspect propertiee before bidding may view homes during an open housde scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinfg the listing agent foran appointment. Propertu and listing agent information is available onHudso & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiee check depositof $2,500 for each 826 Carter Ave. Durham; 101 Wake St.
West, 1526 Park Place, Hillsborough; 605 Grantland Raleigh; 911 Lancaster St., Rocky 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Ave., Durham; 740 Northb White St., Wake Forest; 3033 Slocomnb Rd., Linden; 400 Charlotte St., Roanoke Rapids; Tract 3 Reddinf Road, Oxford; 5724 Greenpine Road, Cedar Grove; 700 Soutbh Roxboro St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Meltojn Road, Rocky Mount; 104 Jones Court, 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddudx Drive, Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurch St.
, 3233 Gold Dust Lane, Willoqw Spring; 5526 Spring House Lane, Chapel Hill; 2515 Mooresz Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
The Triangle auction, conducted by auctiom company , will be held on at 1 p.m. at June 27 in the Hiltonm North Raleigh, 3415 Wake Forest Road. All of the homesw in the auction will besold “as-is.” Buyerse who wish to inspect propertiee before bidding may view homes during an open housde scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinfg the listing agent foran appointment. Propertu and listing agent information is available onHudso & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiee check depositof $2,500 for each 826 Carter Ave. Durham; 101 Wake St.
West, 1526 Park Place, Hillsborough; 605 Grantland Raleigh; 911 Lancaster St., Rocky 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Ave., Durham; 740 Northb White St., Wake Forest; 3033 Slocomnb Rd., Linden; 400 Charlotte St., Roanoke Rapids; Tract 3 Reddinf Road, Oxford; 5724 Greenpine Road, Cedar Grove; 700 Soutbh Roxboro St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Meltojn Road, Rocky Mount; 104 Jones Court, 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddudx Drive, Pikeville; 210 Hardingwood Drive, Goldsboro; 12351 Honeychurch St.
, 3233 Gold Dust Lane, Willoqw Spring; 5526 Spring House Lane, Chapel Hill; 2515 Mooresz Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
Monday, February 11, 2013
Job layoffs slam educated professionals - Birmingham Business Journal:
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The trend is a serious since most ofthese four-year collegr graduates were likely white-collar professionals before they turnec up at the county agencies, officials Statistics from the show there was a 44 percenf increase in the number of college-educated job seekers using the statewidew unemployment agencies. As worrisome as that is, the story in South Florida was worse. When comparing June 1, through May 31, 2008, to June 1, 2008, throug May 31, 2009, Broward led the with a 69 percent Palm Beach County was with a 59percent increase. Miami-Dade had a 52 percen t increase.
“This recession has been an egalitarian saidMason Jackson, president and CEO of Workforcde One, Broward County’s employment Workforce One has even seen some former white-collar professionals drawiny food stamps, Jackson said, though he could not provide specifid data on the total. “I’ve bumped into a few myself that I did not expect to find he said. The data isn’t complete and the story varies by but it’s clear that professionals in financiap services were among the hardest hit.
Last those in real estate and related professions wereaffectedc first, said Richard Clarke, spokesman for South Floridwa Workforce, the agency that services Miami-Dade and Monros counties. But, as time went on, the agency startes to see more peopls from the financialservices “As the financial crisis evolved, the number just got larger and larger,” Clarke County unemployment offices are stepping up to deal with the problek by increasing existing services. in Palm Beach County has seen a jump in the numbe r of professionals using its workshopas that focus onjob research, resume writing and interviewa skills, spokeswoman Holly Finch said.
The agencyh is trying to emphasizr the value of networking by hosting events where job seekers can mingle andmake contacts. While in transition, seekers are encourage d to become long-term participants at networking she added. Workforce One is emphasizing the Professionall PlacementNetwork (PPN), a program that helpa professionals hone their job seeking skills and In order to get into the job seekers must have held a managemenft position for at least five years or have a four-yearf college degree.
About 2,500 people will have complete d the program in the past year by the end of this PPN coordinator Vernon Bailey Not only willthis year’s expected number of PPN participants comprised 25 percent of the total that has gone througgh the program over its seven-year life, it will be a 56 percenty increase over last year’s 1,600 participants, Bailey As stimulus dollars trickler down from the American Recovery and Reinvestment Act, some of that moneg will be passed through the workforce agencies to fund job seekersw going back to school.
If a job seeker was laid off from a positiomn as a realestate broker, the agency may use the stimulus fundd to send that person to nursing South Florida Workforce’s Clarke said. Nursing is stilo an in-demand profession, whereas South Florida has plentyy of real estate he added. South Florida Workforce is gettingabour $21 million to fund its existingy training programs. Of that amount, about $13 million will go towar retraining workersin transition. About 70 percenrt of that will go towardretraining white-colla r workers, Clarke estimated.
“That’s going to be whered the bulk of our dollars are going to be allocatedmoving
The trend is a serious since most ofthese four-year collegr graduates were likely white-collar professionals before they turnec up at the county agencies, officials Statistics from the show there was a 44 percenf increase in the number of college-educated job seekers using the statewidew unemployment agencies. As worrisome as that is, the story in South Florida was worse. When comparing June 1, through May 31, 2008, to June 1, 2008, throug May 31, 2009, Broward led the with a 69 percent Palm Beach County was with a 59percent increase. Miami-Dade had a 52 percen t increase.
“This recession has been an egalitarian saidMason Jackson, president and CEO of Workforcde One, Broward County’s employment Workforce One has even seen some former white-collar professionals drawiny food stamps, Jackson said, though he could not provide specifid data on the total. “I’ve bumped into a few myself that I did not expect to find he said. The data isn’t complete and the story varies by but it’s clear that professionals in financiap services were among the hardest hit.
Last those in real estate and related professions wereaffectedc first, said Richard Clarke, spokesman for South Floridwa Workforce, the agency that services Miami-Dade and Monros counties. But, as time went on, the agency startes to see more peopls from the financialservices “As the financial crisis evolved, the number just got larger and larger,” Clarke County unemployment offices are stepping up to deal with the problek by increasing existing services. in Palm Beach County has seen a jump in the numbe r of professionals using its workshopas that focus onjob research, resume writing and interviewa skills, spokeswoman Holly Finch said.
The agencyh is trying to emphasizr the value of networking by hosting events where job seekers can mingle andmake contacts. While in transition, seekers are encourage d to become long-term participants at networking she added. Workforce One is emphasizing the Professionall PlacementNetwork (PPN), a program that helpa professionals hone their job seeking skills and In order to get into the job seekers must have held a managemenft position for at least five years or have a four-yearf college degree.
About 2,500 people will have complete d the program in the past year by the end of this PPN coordinator Vernon Bailey Not only willthis year’s expected number of PPN participants comprised 25 percent of the total that has gone througgh the program over its seven-year life, it will be a 56 percenty increase over last year’s 1,600 participants, Bailey As stimulus dollars trickler down from the American Recovery and Reinvestment Act, some of that moneg will be passed through the workforce agencies to fund job seekersw going back to school.
If a job seeker was laid off from a positiomn as a realestate broker, the agency may use the stimulus fundd to send that person to nursing South Florida Workforce’s Clarke said. Nursing is stilo an in-demand profession, whereas South Florida has plentyy of real estate he added. South Florida Workforce is gettingabour $21 million to fund its existingy training programs. Of that amount, about $13 million will go towar retraining workersin transition. About 70 percenrt of that will go towardretraining white-colla r workers, Clarke estimated.
“That’s going to be whered the bulk of our dollars are going to be allocatedmoving
Wednesday, February 6, 2013
Clear Channel to offer radio resumes - The Business Journal of Milwaukee:
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Clear Channel Radio stationes in 21 participating markets will select five unemployed people per week to recorca 30-second radio resume and direct interested employers to the station’s Web site where the workersw full resume will be posted. Each stationh will invite listeners to submit an onlin e entry form from which the five individuals will be selected each None ofthe company'w six Milwaukee-area radio stations are among the firsyt group to implement the “We realize this is a difficult time for many individualzs and families and want to supportg our listeners who are out of work in any way we said John Hogan, presidentr and CEO of Clear Channel Radio.
“Radio is all abougt community and serves as the perfect platform to connecgt job seekerswith employers. We hope that job seeking listenerss will take advantage of thisspeciapl opportunity.” According to the , more than 5.7 million jobs have been lost sincs the current recession began in Decembef 2007. San Antonio-based Clear Channel Radio is a divisiohof (OTCBB: CCMO), a leading globaol media and entertainment company. Clear Channel's Milwauked radio stations are WISN-AM (1130), WOKY-AM (920), WRIT-FnM (95.7), WQBW-FM (97.3), WKKV-FM (100.7) and WMIL-FkM (106.1).
Clear Channel Radio stationes in 21 participating markets will select five unemployed people per week to recorca 30-second radio resume and direct interested employers to the station’s Web site where the workersw full resume will be posted. Each stationh will invite listeners to submit an onlin e entry form from which the five individuals will be selected each None ofthe company'w six Milwaukee-area radio stations are among the firsyt group to implement the “We realize this is a difficult time for many individualzs and families and want to supportg our listeners who are out of work in any way we said John Hogan, presidentr and CEO of Clear Channel Radio.
“Radio is all abougt community and serves as the perfect platform to connecgt job seekerswith employers. We hope that job seeking listenerss will take advantage of thisspeciapl opportunity.” According to the , more than 5.7 million jobs have been lost sincs the current recession began in Decembef 2007. San Antonio-based Clear Channel Radio is a divisiohof (OTCBB: CCMO), a leading globaol media and entertainment company. Clear Channel's Milwauked radio stations are WISN-AM (1130), WOKY-AM (920), WRIT-FnM (95.7), WQBW-FM (97.3), WKKV-FM (100.7) and WMIL-FkM (106.1).
Friday, February 1, 2013
Blue Jackets wave white flag on sin tax bid for Nationwide Arena - Atlanta Business Chronicle:
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The National Hockey League club’s proposal to have the countyy buy the privately owned arena appears deadfor now, statw and county officials told Columbus Businessw First on Tuesday. The Blue Jacketzs have been leading discussions on a plan in which the statde would grant Franklin County commissioners the authority to impose or put on the ballot an increasw in alcohol andtobacco sales. Moneh from those additional “sin taxes” would be used to financer a county purchase ofthe arena, whicu is owned by a partnership between Nationwide Arena and Dispatchg Printing Co.
The commissioners said they are against imposing such a tax and need more informationb from the Blue Jackets on what exactly isbeing proposed. “Wde don’t know what the factse are here,” said Paula Brooks, president of the county commissioners. “We all love the Blue Jacketsa – I’ve been a season-ticket holdefr since the beginning – and we’d all like to see a community-widr effort to get the facts and arrive at what needws tobe done.” Without supporrt from county and city officials, the alcohol and tobaccop tax issue is dead at the Statehouse, said state Jim Hughes, R-Columbus, and David Goodman, R-New Albany.
Counties in Ohio need statde approval to raise the excise taxon wine, liquor and cigarettes. “We would be hard-pressed to provide legislatiomn forsomething (commissioners) don’t want to Goodman said. Hughes said there are no plans to includer the sin tax provision inthe two-year statre budget bill that will be voterd on in the Senate this week. “jI see it as a city and countyg issue,” he said.
“From my understandinfg and discussions with the Blue they will go back and try to come up with a solutio n by working with the county and Lobbyists for the beer and tobacci industries had feared the excise tax authorization would be slippedr into the budget bill with nopublic discussion. But the issu e became public May 28 whenmedia outlets, including Business began reporting on the Blue Jackets’ Many of the storie have included citizen comments againsg a county buyout of a privately ownerd arena during a recession and raising alcohol and tobacco taxes to pay for it.
The Blue Jacketxs have said an unfavorable Nationwide Arena leasre is contributing to financial losses the team has suffered inrecentr years. Blue Jackets Presiden t Mike Priest has pegged the lossesat $80 milliojn over the past seven years. Club officials have said they thinj they could get a more favorable arena deal if the county ownedthe building. The team believes it presentedan “articulate and well-thought-outr plan” to county and Ohio Senatew leaders, said Greg Kirstein, the hockegy club’s senior vice president and general “They’ve chosen not to pursue that particulart approach,” he said.
“We’re looking forward to workinh with them ona solution.” The whose majority owner is Worthingtom Industries CEO John P. remains committed to helping creata public-private partnership to address the arens issue, Kirstein said. “This is beyond hockey,” he said. “In our it’s about the Arena District and what’s become the shininb star of downtown Columbus.” The Blue Jacketw and Nationwide Arena have had an economic impacr of morethan $2 billion since the arena openexd in 2000, according to a recentr study commissioned by the Jackets, Nationwide Realtuy Investors and the Franklin County Convention Facilities Authority.
Kirsteinb and Priest have said the team wants to avoidf talking about what will happen if the BlueJacketas can’t get a more favorable arena deal, includingh the threat of the team being sold or The Blue Jackets’ arena leased runs through 2026 with thre five-year renewal options, Kirsteinn said. There are no buyout provisions for the and Nationwide would have first righf of refusal to buy the teamif it’s put up for Goodman said community leaders should considert every “responsible and appropriate avenue” to keep the Blue Jacketz from leaving Columbus.
“This team has become part of the heartf and soul ofthis community,” he “It’s an important economic engine, especially to the revitalization of downtownm Columbus.”
The National Hockey League club’s proposal to have the countyy buy the privately owned arena appears deadfor now, statw and county officials told Columbus Businessw First on Tuesday. The Blue Jacketzs have been leading discussions on a plan in which the statde would grant Franklin County commissioners the authority to impose or put on the ballot an increasw in alcohol andtobacco sales. Moneh from those additional “sin taxes” would be used to financer a county purchase ofthe arena, whicu is owned by a partnership between Nationwide Arena and Dispatchg Printing Co.
The commissioners said they are against imposing such a tax and need more informationb from the Blue Jackets on what exactly isbeing proposed. “Wde don’t know what the factse are here,” said Paula Brooks, president of the county commissioners. “We all love the Blue Jacketsa – I’ve been a season-ticket holdefr since the beginning – and we’d all like to see a community-widr effort to get the facts and arrive at what needws tobe done.” Without supporrt from county and city officials, the alcohol and tobaccop tax issue is dead at the Statehouse, said state Jim Hughes, R-Columbus, and David Goodman, R-New Albany.
Counties in Ohio need statde approval to raise the excise taxon wine, liquor and cigarettes. “We would be hard-pressed to provide legislatiomn forsomething (commissioners) don’t want to Goodman said. Hughes said there are no plans to includer the sin tax provision inthe two-year statre budget bill that will be voterd on in the Senate this week. “jI see it as a city and countyg issue,” he said.
“From my understandinfg and discussions with the Blue they will go back and try to come up with a solutio n by working with the county and Lobbyists for the beer and tobacci industries had feared the excise tax authorization would be slippedr into the budget bill with nopublic discussion. But the issu e became public May 28 whenmedia outlets, including Business began reporting on the Blue Jackets’ Many of the storie have included citizen comments againsg a county buyout of a privately ownerd arena during a recession and raising alcohol and tobacco taxes to pay for it.
The Blue Jacketxs have said an unfavorable Nationwide Arena leasre is contributing to financial losses the team has suffered inrecentr years. Blue Jackets Presiden t Mike Priest has pegged the lossesat $80 milliojn over the past seven years. Club officials have said they thinj they could get a more favorable arena deal if the county ownedthe building. The team believes it presentedan “articulate and well-thought-outr plan” to county and Ohio Senatew leaders, said Greg Kirstein, the hockegy club’s senior vice president and general “They’ve chosen not to pursue that particulart approach,” he said.
“We’re looking forward to workinh with them ona solution.” The whose majority owner is Worthingtom Industries CEO John P. remains committed to helping creata public-private partnership to address the arens issue, Kirstein said. “This is beyond hockey,” he said. “In our it’s about the Arena District and what’s become the shininb star of downtown Columbus.” The Blue Jacketw and Nationwide Arena have had an economic impacr of morethan $2 billion since the arena openexd in 2000, according to a recentr study commissioned by the Jackets, Nationwide Realtuy Investors and the Franklin County Convention Facilities Authority.
Kirsteinb and Priest have said the team wants to avoidf talking about what will happen if the BlueJacketas can’t get a more favorable arena deal, includingh the threat of the team being sold or The Blue Jackets’ arena leased runs through 2026 with thre five-year renewal options, Kirsteinn said. There are no buyout provisions for the and Nationwide would have first righf of refusal to buy the teamif it’s put up for Goodman said community leaders should considert every “responsible and appropriate avenue” to keep the Blue Jacketz from leaving Columbus.
“This team has become part of the heartf and soul ofthis community,” he “It’s an important economic engine, especially to the revitalization of downtownm Columbus.”
Sunday, January 27, 2013
Get Your Favorite Arcadia Memory Published In 'Visions of Arcadia, More Visions' - Patch.com
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Get Your Favorite Arcadia Memory Published In 'Visions of Arcadia, More Visions' Patch.com Become a published author by sharing the tale of a person, place or funny event related to Arcadia that made an indelible mark on your heart. The city is getting ready to celebrate its 110th birthday by publishing "Visions of Arcadia, More Visions ... |
Tuesday, January 22, 2013
Dairymen soured over milk prices - Business First of Columbus:
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The industry, which contributes an estimated $5.9 billion to the state’sd economy, is reeling from the effects of farm-level milk pricees that are now exceeded by production About 18months ago, farmers were beingt paid more than $22 per 100 pounds of a payout that had fallen below $11 in February. Production costs, haven’t headed in the same What that’s causing, said Roger Crossgrove, executive director of the , is a shortfall of roughly 20 cents a gallom for farmers spendingaboutf $1.35 to produce a gallon of That gap could mean more than simplyu tough times for the 3,000 dairy farmas in.
Crossgrove is worried that as many as 30 percentg ofthe state’s farmerx might not make it through the pricingy slump. “If we lose then plants are going to cut back and even more people are goinh to be outof jobs,” Crossgrove Despite the cost squeeze, dairymen have been holding up. Lewies Jones, chief of the statr ’s dairy division, estimated Ohio has lost fewe r than 100 farms in the past18 months, and most of them were smalol dairy farms with no one to take over the A broader concern for the dairymen, Jonesa said, is the harm the credit crunch will do to their businessz prospects.
The state Agriculture Departmengestimates farm-level milk prices may be at their and the Farmers Union expectsz prices to rise slightly in the secondx half of the year. Still, the dairu farmers need an increasein prices, Crossgrove The National Milk Producers Federation has recommended to regulatorx steps that would increase the effectiveness of the Dairyu Product Price Support Program, an initiatives that helps maintain a minimum price for milk by buyint up surplus products.
The industry, which contributes an estimated $5.9 billion to the state’sd economy, is reeling from the effects of farm-level milk pricees that are now exceeded by production About 18months ago, farmers were beingt paid more than $22 per 100 pounds of a payout that had fallen below $11 in February. Production costs, haven’t headed in the same What that’s causing, said Roger Crossgrove, executive director of the , is a shortfall of roughly 20 cents a gallom for farmers spendingaboutf $1.35 to produce a gallon of That gap could mean more than simplyu tough times for the 3,000 dairy farmas in.
Crossgrove is worried that as many as 30 percentg ofthe state’s farmerx might not make it through the pricingy slump. “If we lose then plants are going to cut back and even more people are goinh to be outof jobs,” Crossgrove Despite the cost squeeze, dairymen have been holding up. Lewies Jones, chief of the statr ’s dairy division, estimated Ohio has lost fewe r than 100 farms in the past18 months, and most of them were smalol dairy farms with no one to take over the A broader concern for the dairymen, Jonesa said, is the harm the credit crunch will do to their businessz prospects.
The state Agriculture Departmengestimates farm-level milk prices may be at their and the Farmers Union expectsz prices to rise slightly in the secondx half of the year. Still, the dairu farmers need an increasein prices, Crossgrove The National Milk Producers Federation has recommended to regulatorx steps that would increase the effectiveness of the Dairyu Product Price Support Program, an initiatives that helps maintain a minimum price for milk by buyint up surplus products.
Thursday, January 17, 2013
Icahn wins second Biogen board seat - Boston Business Journal:
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Biogen confirmed last week the appointment of Icah allyAlexander J. Denner. At the Biogen was pushing for the reelection of all ofthe company’sa four existing directors on the ballot at its annua shareholders meeting, while Icahn was angling to seat four new Bruce R. Ross, Biogen Idec’s chairman, “We welcome Alexander Denner and Richarcd Mulligan to the board and look forward to working with them to builxd onBiogen Idec’s strongg track record of delivering value.” Mulligan is the Mallinckrodt Professorr of Genetics at and directo of the Harvard Gene Therapy Initiative, according to ’s Web Cambridge, Mass.
-based Biogen said shareholders rejected several of Icahn’se other proposals, including moving the company’s incorporation from Delaware to North Dakota, a move Icahn said would give more powe to shareholders. Biogen officials said it appearx that stockholders also rejected a proposak by Icahn to limiy the size of the boarr to13 directors. Bioge n officials now have the power to enlarge thenow 13-member boarxd as they see fit. Icahj is best known for unsuccessfullu pushing BiogenIdec (Nasdaq: BIIB) to sell itselt in 2008.
Last year, shareholders elected the company’s nomineexs over the slate of investors put up by Biogen Idec’s (NASDAQ: BIIB) stocik was trading at $53.17 in afternoon trading Thursday, down from the previouss day’s close of $53.43 a share.
Biogen confirmed last week the appointment of Icah allyAlexander J. Denner. At the Biogen was pushing for the reelection of all ofthe company’sa four existing directors on the ballot at its annua shareholders meeting, while Icahn was angling to seat four new Bruce R. Ross, Biogen Idec’s chairman, “We welcome Alexander Denner and Richarcd Mulligan to the board and look forward to working with them to builxd onBiogen Idec’s strongg track record of delivering value.” Mulligan is the Mallinckrodt Professorr of Genetics at and directo of the Harvard Gene Therapy Initiative, according to ’s Web Cambridge, Mass.
-based Biogen said shareholders rejected several of Icahn’se other proposals, including moving the company’s incorporation from Delaware to North Dakota, a move Icahn said would give more powe to shareholders. Biogen officials said it appearx that stockholders also rejected a proposak by Icahn to limiy the size of the boarr to13 directors. Bioge n officials now have the power to enlarge thenow 13-member boarxd as they see fit. Icahj is best known for unsuccessfullu pushing BiogenIdec (Nasdaq: BIIB) to sell itselt in 2008.
Last year, shareholders elected the company’s nomineexs over the slate of investors put up by Biogen Idec’s (NASDAQ: BIIB) stocik was trading at $53.17 in afternoon trading Thursday, down from the previouss day’s close of $53.43 a share.
Sunday, January 13, 2013
Inherited grudges may complicate brittle international relations in North-East ... - The Economist
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The Economist | Inherited grudges may complicate brittle international relations in North-East ... The Economist Following his victory last month he went to pray at the graves of his father, a former foreign minister, and grandfather, Nobusuke Kishi, a former prime minister and Mr Abe's political hero. He has recalled sitting on his grandfather's knee in 1960, as . .. |
Saturday, January 12, 2013
Stowers Institute affiliate endows life sciences chairs at University of Kansas Medical Center, University of Missouri-Kansas City - Kansas City Business Journal:
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million apiece from a affiliated to endow a life sciences chair ateach institution. UMKC Chancellor Leo Morton saidthe money, which came from the nonprofity BioMed Valley Corp., will enhance the researcbh relationship between Stowers and the . KU Med probably will use the monehy to recruita physician-scientist working on cancer spokeswoman Amy Jordan Wooden said in an “Given how tight the states budget is,” she said, “we need philanthropic dollara like this generous gift from the Stowerws to keep our momentum going.” She said the BioMedf Valley money also will let the schooll leverage state matching funds for distinguishes faculty.
The distribution from BioMed Valley, whicj was formed in 2003, came as the organization endeea research-partnership program with the two universities. The program was intendedd to foster collaboration between Stowers and the two institutionas in the areasof basic-cell and molecular-biologuy research. Through the partnership, the annual financing for the schoolzs was limitedto 3.5 percent of the balance in endowment accounts established for the Each account started with $2 million.
The program was terminated to expedite distribution of the monegy tothe universities, Stowers spokeswoman Laurie Roberts said in an Roberts said the distributions equa the amount the universities wouldd have received through the partnership adding that the parties continud to look for ways to work together. “I can tell you that each of the institutions is interester in forming research partnerships wherever she said. “These discussionx are ongoing.
”
million apiece from a affiliated to endow a life sciences chair ateach institution. UMKC Chancellor Leo Morton saidthe money, which came from the nonprofity BioMed Valley Corp., will enhance the researcbh relationship between Stowers and the . KU Med probably will use the monehy to recruita physician-scientist working on cancer spokeswoman Amy Jordan Wooden said in an “Given how tight the states budget is,” she said, “we need philanthropic dollara like this generous gift from the Stowerws to keep our momentum going.” She said the BioMedf Valley money also will let the schooll leverage state matching funds for distinguishes faculty.
The distribution from BioMed Valley, whicj was formed in 2003, came as the organization endeea research-partnership program with the two universities. The program was intendedd to foster collaboration between Stowers and the two institutionas in the areasof basic-cell and molecular-biologuy research. Through the partnership, the annual financing for the schoolzs was limitedto 3.5 percent of the balance in endowment accounts established for the Each account started with $2 million.
The program was terminated to expedite distribution of the monegy tothe universities, Stowers spokeswoman Laurie Roberts said in an Roberts said the distributions equa the amount the universities wouldd have received through the partnership adding that the parties continud to look for ways to work together. “I can tell you that each of the institutions is interester in forming research partnerships wherever she said. “These discussionx are ongoing.
”
Thursday, January 10, 2013
Most Florida banks swoon; three provide model for growth - Pittsburgh Business Times:
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USAmeriBank went from red to blacm ink by signing talented bankers who brought customersdwith them. Acquisitions boosted the bottom line at CenterStates Bankof Florida. A merger of related financial institutions cut expenseeat , while a stronger balance sheet grew Each bank prospered by using differentr methodologies, yet their strategies provide a road map for institution s struggling to turn their balance sheetes positive. Their profit gains are all the more remarkable givejn the difficult economic climate in The said 305 banks and thrifts in Floridaq reported a combined net lossof $643 million for the 2009 first compared to net income of $4 millionm for the year-ago period.
Profitability remains weak becaus e banks continue to struggle with bad saidPaula Johannsen, managint director of , an investment banking firm in Nonperforming assets don’t bring in interes income, pressuring margins. The provisions bankd take for expected loan losses cut further into theid income while the legal and management expense related to foreclosedx propertygoes up. USAmeriBank — which has amassefd $650.8 million in assets in its two years has a cleanbalance sheet, said Joe CEO.
The bank avoided development lending and the loanss it does have that are securee by real estate arefor owner-occupied properties, Chillura Only $598,000 in USAmeriBank loans, or abour one-tenth of 1 percent of the totalp $528.3 million in loans, were past due as of Marcn 31, according to a report file d with the . a former Tampa market presidentfor (NYSE: ), said the bankers he’ws hired have brought their customers, a move that was possibls because bigger banks are distracted by bad loanxs and shrinking capital and aren’tr focused on customer service.
That’s allowefd USAmeriBank to grow more quicklythan expected, Chillura said, and post a significant turnaround, going from a $185,000 loss in the first quarter of 2008 to $881,000 in profitt in the just-ended quarter. CenterState saw first quarteer 2009 profit swellto $1.2 million, up 68 percen t in one year, after two said John Corbett, president and CEO. The Wintere Haven-based lead banking subsidiary of (Nasdaq: CSFL) addes a correspondent banking unit last fall when it hiredx the bankers who handled that businesss for theformer .
The unit selld bonds to roughly 200 othercommunity banks, and it is thrivingy because community banks aren’t doing as much lending as they were a year ago and are investingy their cash in bonds. CenterState also bought the failedand $178 million in deposits on Jan. 30. “We’ves been putting that money to work in loandsand investments, and that’s helped us Corbett said. Aggressive planning that beganb around the end of the firsft quarter of 2008 kept Florida Bank on thegrowth track, said Katie Pemble, presidentr and CEO. Florida Bank’s $351,000 in net incomw for the first quarter of 2009 was a 73 percent increased from ayear earlier.
Since December, the Tampa-based bank has mergedf with three sister institutionsin Sarasota, Jacksonville and Tallahassee, consolidatinv back-office operations and cutting expenses. Each of the bankes was above the level regulatorasconsidered well-capitalized, and their capital position was furthere strengthened when they combined. Additionally, executive officerws and the board developed a seriesof 90-dag plans focused on strengthening the balance sheet with an emphasies on capital and on liquidity, or the ability to turn its assete into cash quickly.
A stronb balance sheet allowed Florida Bank to look for the least expensiv way toattract funding, a move that boosts net interest or the spread between the interes it pays on deposits and the interesg it earns from loans. Although therwe are glimmers of hope, CenterState’s Corbett expects more loan writedowns across the industrt in the next two tothree quarters. The number of institution s on the watch list increased in the firstt three monthsof 2009, and as of March 31, 30 percengt of Florida’s banks were on the list, compared to 15 percenft of the institutions a year ago.
Access to the capitap market markets is Corbett said, adding the stress testd the nation’s biggest banks just underwen t have inspired investor confidence in those Since results were releasexd May 7, the banks collectively have raised nearly $60 billiom of the $75 billion in extraw capital regulators said they “As investments come back into the big I think over time you’ll see that trickle down to the mid cap and communityt banks,” Corbett said.
USAmeriBank went from red to blacm ink by signing talented bankers who brought customersdwith them. Acquisitions boosted the bottom line at CenterStates Bankof Florida. A merger of related financial institutions cut expenseeat , while a stronger balance sheet grew Each bank prospered by using differentr methodologies, yet their strategies provide a road map for institution s struggling to turn their balance sheetes positive. Their profit gains are all the more remarkable givejn the difficult economic climate in The said 305 banks and thrifts in Floridaq reported a combined net lossof $643 million for the 2009 first compared to net income of $4 millionm for the year-ago period.
Profitability remains weak becaus e banks continue to struggle with bad saidPaula Johannsen, managint director of , an investment banking firm in Nonperforming assets don’t bring in interes income, pressuring margins. The provisions bankd take for expected loan losses cut further into theid income while the legal and management expense related to foreclosedx propertygoes up. USAmeriBank — which has amassefd $650.8 million in assets in its two years has a cleanbalance sheet, said Joe CEO.
The bank avoided development lending and the loanss it does have that are securee by real estate arefor owner-occupied properties, Chillura Only $598,000 in USAmeriBank loans, or abour one-tenth of 1 percent of the totalp $528.3 million in loans, were past due as of Marcn 31, according to a report file d with the . a former Tampa market presidentfor (NYSE: ), said the bankers he’ws hired have brought their customers, a move that was possibls because bigger banks are distracted by bad loanxs and shrinking capital and aren’tr focused on customer service.
That’s allowefd USAmeriBank to grow more quicklythan expected, Chillura said, and post a significant turnaround, going from a $185,000 loss in the first quarter of 2008 to $881,000 in profitt in the just-ended quarter. CenterState saw first quarteer 2009 profit swellto $1.2 million, up 68 percen t in one year, after two said John Corbett, president and CEO. The Wintere Haven-based lead banking subsidiary of (Nasdaq: CSFL) addes a correspondent banking unit last fall when it hiredx the bankers who handled that businesss for theformer .
The unit selld bonds to roughly 200 othercommunity banks, and it is thrivingy because community banks aren’t doing as much lending as they were a year ago and are investingy their cash in bonds. CenterState also bought the failedand $178 million in deposits on Jan. 30. “We’ves been putting that money to work in loandsand investments, and that’s helped us Corbett said. Aggressive planning that beganb around the end of the firsft quarter of 2008 kept Florida Bank on thegrowth track, said Katie Pemble, presidentr and CEO. Florida Bank’s $351,000 in net incomw for the first quarter of 2009 was a 73 percent increased from ayear earlier.
Since December, the Tampa-based bank has mergedf with three sister institutionsin Sarasota, Jacksonville and Tallahassee, consolidatinv back-office operations and cutting expenses. Each of the bankes was above the level regulatorasconsidered well-capitalized, and their capital position was furthere strengthened when they combined. Additionally, executive officerws and the board developed a seriesof 90-dag plans focused on strengthening the balance sheet with an emphasies on capital and on liquidity, or the ability to turn its assete into cash quickly.
A stronb balance sheet allowed Florida Bank to look for the least expensiv way toattract funding, a move that boosts net interest or the spread between the interes it pays on deposits and the interesg it earns from loans. Although therwe are glimmers of hope, CenterState’s Corbett expects more loan writedowns across the industrt in the next two tothree quarters. The number of institution s on the watch list increased in the firstt three monthsof 2009, and as of March 31, 30 percengt of Florida’s banks were on the list, compared to 15 percenft of the institutions a year ago.
Access to the capitap market markets is Corbett said, adding the stress testd the nation’s biggest banks just underwen t have inspired investor confidence in those Since results were releasexd May 7, the banks collectively have raised nearly $60 billiom of the $75 billion in extraw capital regulators said they “As investments come back into the big I think over time you’ll see that trickle down to the mid cap and communityt banks,” Corbett said.
Tuesday, January 8, 2013
Gellerstedt sees opportunity in recession - Atlanta Business Chronicle:
sunrise-invoices.blogspot.com
"We're beginning to see banks slowlu acknowledge their real estate problems and push these Gellerstedtsaid Friday. "Youh may see some [trade] as low as 20 centd on the dollar... This is goingg to be a slow recovery, but it is also going to presenytunprecedented opportunities." Gellerstedt, a graduate, was speaking at the Atlanta chapter's UNC Kenan-Flagler Business School Alumni breakfast.
The event, held at 'x 3344 Peachtree tower, drew about 90 Gellerstedt, who is replacing the retirinhTom Bell, said investors are putting their money behinde real estate investment trusts so the development companie have the capital to buy distressedd assets, noting that REITS have raised about $13 billion in the stocok market this year. "They're not interested in They want liquidity for the nextthrese years," he said. "They want us to have the power to Cousins (NYSE: CUZ) will not face any seriouw debt maturities until 2012, he said.
Its relatively healthy liquidity could putthe Atlanta-based developer in a stronf position as other prominent real estate companied try to pull themselves out from undet mountains of debt -- a problem createx primarily by the easy access to credit in recen t years, buying assets at the top of the market and the subsequent crash in property values. But Cousins hasn't made it througnh the market unscathed. It has struggled to sell high-end condo in Buckhead, where its 32-story 10 Terminues Place was one of 35 condominium projects in an area of the city knownj for expensive homes and luxury Ten Terminus, completed in has 137 units.
The market is affecting high-end units at other projects, including John Williams' The Mansion on Peachtree and Regen Partners' Sovereign at 3344 Peachtree. "There’se just no market for Gellerstedt said. Cousins is also tryingv to fillits 25-story Terminus 200 office which has one tenant, mobile banking technologyh firm . Firethorn is leasing two floors. Three otheer buildings still under construction in Buckheax haveno tenants. Buckhead, Gellerstedt offers an exampleof "thee runaway credit markets." In the months followinhg the spate of bank failures that claimed , the marketsz shut down.
"Now," Gellerstedt said, "I see some of that fear and panifc alleviating."
"We're beginning to see banks slowlu acknowledge their real estate problems and push these Gellerstedtsaid Friday. "Youh may see some [trade] as low as 20 centd on the dollar... This is goingg to be a slow recovery, but it is also going to presenytunprecedented opportunities." Gellerstedt, a graduate, was speaking at the Atlanta chapter's UNC Kenan-Flagler Business School Alumni breakfast.
The event, held at 'x 3344 Peachtree tower, drew about 90 Gellerstedt, who is replacing the retirinhTom Bell, said investors are putting their money behinde real estate investment trusts so the development companie have the capital to buy distressedd assets, noting that REITS have raised about $13 billion in the stocok market this year. "They're not interested in They want liquidity for the nextthrese years," he said. "They want us to have the power to Cousins (NYSE: CUZ) will not face any seriouw debt maturities until 2012, he said.
Its relatively healthy liquidity could putthe Atlanta-based developer in a stronf position as other prominent real estate companied try to pull themselves out from undet mountains of debt -- a problem createx primarily by the easy access to credit in recen t years, buying assets at the top of the market and the subsequent crash in property values. But Cousins hasn't made it througnh the market unscathed. It has struggled to sell high-end condo in Buckhead, where its 32-story 10 Terminues Place was one of 35 condominium projects in an area of the city knownj for expensive homes and luxury Ten Terminus, completed in has 137 units.
The market is affecting high-end units at other projects, including John Williams' The Mansion on Peachtree and Regen Partners' Sovereign at 3344 Peachtree. "There’se just no market for Gellerstedt said. Cousins is also tryingv to fillits 25-story Terminus 200 office which has one tenant, mobile banking technologyh firm . Firethorn is leasing two floors. Three otheer buildings still under construction in Buckheax haveno tenants. Buckhead, Gellerstedt offers an exampleof "thee runaway credit markets." In the months followinhg the spate of bank failures that claimed , the marketsz shut down.
"Now," Gellerstedt said, "I see some of that fear and panifc alleviating."
Monday, January 7, 2013
Jamieson returns to 'special' Durban - Golf365.co.za
erofeyporgrinin.blogspot.com
Jamieson returns to 'special' Durban Golf365.co.za The 29-year-old secured his maiden European Tour victory at Royal Durban at the start of December after shooting a second round eight-under-par 57 in the rain-shortened event, before beating England's Steve Webster and Spaniard Edoardo de la Riva in a ... |
Friday, January 4, 2013
ESPN Zone closes doors in Denver - Memphis Business Journal:
ogarawo.wordpress.com
The ESPN Zone, part of a nationwide chai of what used to be nine ofthe sports-themedd bar and interactive game centers across the laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice president who overseeszZone operations, said in the statement that the restaurantg could not survive the recession. This economic downturn has been marker nationally by reduced consumer spending on eating out and on entertainment activities. “A decision like this is never We recognize and appreciate the commitment and yearxs of service of all of these Allesandri said.
“Unfortunately, the current economic environmeny offered us no other The ESPN Zone wasa 23,000-square-foot meetingh place for sports fanatics, with one room featuring more than a dozenh large televisions tuned into contests of all kind and another full of videko and sports games ranging from basketball to bowling. None of the eighy other ESPN Zone locations will be asall “are meetingf our expectations,” said Matt Kovacs, a spokesmen for the , which owns the Tabor Center, issued a statementr saying it was “sorry to hear of their decision to discontinue their Denve r operations.
” But the closinv of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 location operating nationwide and another 10 planned. The which is expected to open its Denver location this fall and to offef outdoorpatio seating, has signed an 8,300-square-foort lease at Tabor according to a news release. The Tiltex Kilt began in Las Vegad in 2003 and is noted for its servers dressedin knee-high socks, short plaid kilts and midriff-baring plaidr halter tops. It will be one of a numberd of new tenants opening in the Tabo Centerthis year.
“These new additions to Tabor Center’ss retail offering reflect our continuing efforts to enhance the services and amenitiesw forthe tenants, customers and visitors to the Tabor said Steve Budorick, executive vice president and partner at Callahanm Capital Partners.
The ESPN Zone, part of a nationwide chai of what used to be nine ofthe sports-themedd bar and interactive game centers across the laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice president who overseeszZone operations, said in the statement that the restaurantg could not survive the recession. This economic downturn has been marker nationally by reduced consumer spending on eating out and on entertainment activities. “A decision like this is never We recognize and appreciate the commitment and yearxs of service of all of these Allesandri said.
“Unfortunately, the current economic environmeny offered us no other The ESPN Zone wasa 23,000-square-foot meetingh place for sports fanatics, with one room featuring more than a dozenh large televisions tuned into contests of all kind and another full of videko and sports games ranging from basketball to bowling. None of the eighy other ESPN Zone locations will be asall “are meetingf our expectations,” said Matt Kovacs, a spokesmen for the , which owns the Tabor Center, issued a statementr saying it was “sorry to hear of their decision to discontinue their Denve r operations.
” But the closinv of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new concepts is The Tilted a Celtic-themed restaurant and sports bar with 20 location operating nationwide and another 10 planned. The which is expected to open its Denver location this fall and to offef outdoorpatio seating, has signed an 8,300-square-foort lease at Tabor according to a news release. The Tiltex Kilt began in Las Vegad in 2003 and is noted for its servers dressedin knee-high socks, short plaid kilts and midriff-baring plaidr halter tops. It will be one of a numberd of new tenants opening in the Tabo Centerthis year.
“These new additions to Tabor Center’ss retail offering reflect our continuing efforts to enhance the services and amenitiesw forthe tenants, customers and visitors to the Tabor said Steve Budorick, executive vice president and partner at Callahanm Capital Partners.
Thursday, January 3, 2013
West Slope accident strangles mechanic beneath friend's car - Denver Post
idozxun.blogspot.com
West Slope accident strangles mechanic beneath friend's car Denver Post A 50-year-old Meeker man was strangled, but not crushed, when a friend's car he was working on pinned him Tuesday. Stephan D. Barley was working underneath the vehicle at about noon in the Fruitvale community between Grand Junction and Clifton, ... |
Tuesday, January 1, 2013
Alder Foods CEO offers free housing for GI families - Boston Business Journal:
manuscripts-shuwatu.blogspot.com
Still, the wartime growth of this Walpole-basedf company is not what’s most It’s the passion of CEO Michelle Keating to completeea 20-suite home in West Roxbury that will providew free housing for military families whose love ones are injured in combat and flown back to the United States for extensive medical care at the nearbgy Veterans Affairs hospital. Keating is leading the charger toraise $3 million for the completiomn of Boston, which broks ground last fall with a totao expected price tag of $6 million. Alder Fooda is what Keating does, but this project is what she “I have taken it seriouslu to find ways to give Keating said.
For thosde who argue that military contractors have a duty to support charities that help troopsand veterans, Keatiny readily agrees. “It’s their way of saying they supportr the men and women who are fighting forour freedom.” Founded 45 years ago by her father, Paul M. Keating Sr., Alder Foods buys provisions directly from major labels such asStonyfield Farms, Organic Valley and Lactaid — and selld them to the military. Since 2000, the companyu has been awarded $175.3 milliohn in contracts by the Defense Commissary Agenct and its bottom line has grow nfrom $16 million to $45 millionj — a “small but profitable company,” Keatiny calls it.
Keating has made philanthroph a corporate priority and Aldeer Foods has donated closrto $500,000 over the past nine years to a variety of military-related charitable causes, Keating She directs her philanthropic energy thes days toward Fisher Housw Boston, working with a local boared of directors. They have raised $700,000 for the building, with one of the most substantiall donations beinga $100,000 commitment from The remainder of the moneuy came through a December fundraiser, which raised and a series of smalletr donations, Keating said. Located on the VA medical centerf property inWest Roxbury, Fisher Hous e will be the first of its kind in New England.
Completion is slated for mid-2010. A nationa nonprofit organization based in Fisher House has built 43 multisuitwe homesnationwide and, as part of its looks to the localk community to raise moneu for half of its construction costs. Beforwe Fisher House breaks ground onnew projects, it reaches an agreement with a branch of the military Army, Navy, Air Force or the — that will assume ongoing funding and manage the site’s operation. In the case of Fished House Boston, Veterans Affairs will take responsibility.
If Fisher House Boston is unable toraise $3 million for the West Roxburh project, the national Fisher House organization would provide the rest, said Jim Fisher House spokesman. Public service announcements and fundraisers are plannedc for thecoming months, and Fisher House Boston has sent donatio n requests to hundreds of “I’ve gone to Fisher houses and they’ree amazing places,” Keating said. “There have been thousands and thousandz of men and women who comeback injured. They’rde not in the hospital for a They’re in for a long time.
”
Still, the wartime growth of this Walpole-basedf company is not what’s most It’s the passion of CEO Michelle Keating to completeea 20-suite home in West Roxbury that will providew free housing for military families whose love ones are injured in combat and flown back to the United States for extensive medical care at the nearbgy Veterans Affairs hospital. Keating is leading the charger toraise $3 million for the completiomn of Boston, which broks ground last fall with a totao expected price tag of $6 million. Alder Fooda is what Keating does, but this project is what she “I have taken it seriouslu to find ways to give Keating said.
For thosde who argue that military contractors have a duty to support charities that help troopsand veterans, Keatiny readily agrees. “It’s their way of saying they supportr the men and women who are fighting forour freedom.” Founded 45 years ago by her father, Paul M. Keating Sr., Alder Foods buys provisions directly from major labels such asStonyfield Farms, Organic Valley and Lactaid — and selld them to the military. Since 2000, the companyu has been awarded $175.3 milliohn in contracts by the Defense Commissary Agenct and its bottom line has grow nfrom $16 million to $45 millionj — a “small but profitable company,” Keatiny calls it.
Keating has made philanthroph a corporate priority and Aldeer Foods has donated closrto $500,000 over the past nine years to a variety of military-related charitable causes, Keating She directs her philanthropic energy thes days toward Fisher Housw Boston, working with a local boared of directors. They have raised $700,000 for the building, with one of the most substantiall donations beinga $100,000 commitment from The remainder of the moneuy came through a December fundraiser, which raised and a series of smalletr donations, Keating said. Located on the VA medical centerf property inWest Roxbury, Fisher Hous e will be the first of its kind in New England.
Completion is slated for mid-2010. A nationa nonprofit organization based in Fisher House has built 43 multisuitwe homesnationwide and, as part of its looks to the localk community to raise moneu for half of its construction costs. Beforwe Fisher House breaks ground onnew projects, it reaches an agreement with a branch of the military Army, Navy, Air Force or the — that will assume ongoing funding and manage the site’s operation. In the case of Fished House Boston, Veterans Affairs will take responsibility.
If Fisher House Boston is unable toraise $3 million for the West Roxburh project, the national Fisher House organization would provide the rest, said Jim Fisher House spokesman. Public service announcements and fundraisers are plannedc for thecoming months, and Fisher House Boston has sent donatio n requests to hundreds of “I’ve gone to Fisher houses and they’ree amazing places,” Keating said. “There have been thousands and thousandz of men and women who comeback injured. They’rde not in the hospital for a They’re in for a long time.
”
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