Wednesday, February 15, 2012

U.S. signs border security agreement with Mexico - Los Angeles Business from bizjournals:

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“This agreement strengthens the partnership between the United Statez and Mexico to bolster oursharesd security,” Napolitano said in a news release. “Throughg coordinated enforcement and improved we can work togther to comba violence along the border while supportingt tourismand trade,” she continued. The agreement callx for increased cooperation in informationn sharing andcustoms clearance.
“This is another important step for the longstandinh relationship and collaboration betweenj ourcustoms agencies,” Carstens said in a news “The more we work together, the better the service and securitty we provide to our peoples and our The agreement builds upon the Declaration of Principlesx and Bilateral Strategic Plan signed in 2007 by official s from the and Mexico’s .

Monday, February 13, 2012

Union extends deadline for new Safeway contract - Atlanta Business Chronicle:

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The extension was announced late Thursday by the United Food and Commerciak Workers UnionLocal No. 7, which represents about 17,00p0 Denver-area grocery workers now negotiating new contractswith Albertson’s and . It is the thirdx extension in the Safeway which began inearly April. Safewayu workers voted last month to call for a strikdeif necessary, but neither side has indicated that a strikd is likely in the near Both Albertson’s and King Soopersa workers are operating without contracts rightr now. Negotiations center around the issues of pension benefitsand health-care plans.
Safewayh and King Soopers have offerefdpension cuts, pay raises for just a portio n of the workers and new preventative health-carw benefits, saying that with the rise of non-union groceryu stores, some cutbacks must be “I think this [latest extension] givews us an opportunity to continue to negotiate and really be able to tackler the tough issues like wages and pensionm benefits,” said Kris Staaf, Safeway’s Denver-area director of publicc affairs. The latest counter-proposal from Safewah workers calls for annual pay increases of 75 centsd per hour over the duratiohn ofthe five-year according to UFCW spokeswoman Laura Chapin.
It also seeks assuranced that workers can continude receiving pension benefits at age 50 rather than having to wait untiolage 62, that current healthj benefits are not decreased and that current health-car e premiums are not increased. Safeway has not made a new contract proposal, Staaf said. Sherrese Carlson, a 15-year Safeway employee from Westminster, expresser frustration over the pace of negotiationw in a news release put out bythe “We gave you a proposal a week ago, and you keep cominv back at us with the same crumbs,” Carlsojn said. “We need a fair deal and we need to keep the work and the workers here inour community.
”

Saturday, February 11, 2012

Evergreen Capital names two new executives - Baltimore Business Journal:

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Andrew E. Clark has been appointed as managing principaplof Evergreen’s mergers and acquisitions and corporatde finance practice. Richard C. Fainty Jr. was named managing director ofthe firm’se consulting and corporate finance practice. a Howard County resident, joined Evergreen from LLC, a privatw equity fund, where he was chairman and president. He previouslg worked as an executive with and He is a certifiedx public accountant and holdsa bachelor’s degree in accounting from Washington and Lee University.
a Cockeysville resident, is an attorneg and entrepreneur who has been an executive atseverapl high-tech startups, including CEO of Solstice Software and Impacy Labs, as well as CEO of during its 2000 initial public offering. Faint holds a bachelor’ds degree in accounting from anda master’s in businesws administration and a law degree from the .

Thursday, February 9, 2012

William Boyd Printing site sold for $1.3M - Minneapolis / St. Paul Business Journal:

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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchase on June 3. Cass Hill intendas to convert theformer 1.3-acre industrial site at 39-4o9 Sheridan Ave. into an office/retail/residentiap project. The property is located behind the & Suites on Chapel Street, near the heart of the city’se entertainment district. Tony Sabatino of represented the Cass Hill was represented by Eileem Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmenft Cos., couldn’t be reached for comment. Cass Hill owns several properties downtown, including a 30,000-square-foot office building on Monroe Street acrossd from the formerprinting plant.
Boyd Printinb filed for Chapter 11 bankruptcy protectionm inSeptember 2005. A federal bankruptcy judge in Marchy 2008 approved the sale of the buildings to help satisfuthe company’s debts. Some of the company’ s assets were purchased by Carl an officer atBoyd Printing, who openexd a separate corporation, in Colonie. Previous deals for the Sheridan Avenuer property fizzled before Cass Hill signedr a purchase contractlast

Tuesday, February 7, 2012

Council declines pesticide ban - Edmonton Journal

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CTV.ca


Council declines pesticide ban

Edmonton Journal


Councillors turned down c »

Sunday, February 5, 2012

Kannapolis honored for economic strategy - St. Louis Business Journal:

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The city received the award in the category of Excellencwe in EconomicDiversification Strategies, which recognizeds responses to plant closures and other economicv dislocations, that promote economic The competition is open to nonprofits; local, stat and regional governments; and universities and Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsw later, California billionaire David Murdock announcesd plans forthe N.C. Researcyh Campus at the 350-acre former Pillowtexz headquarters andmanufacturing site. The life-sciences hub included the participation ofDuke University, the UNC System, the N.C.
Communityu College System, other educational institutions andbusiness partners. The total investmenr is expected toreacgh $1.8 billion. Residential and commercial developments are risingg around the campus with hopes of turning a formertextile town, into a biotech

Thursday, February 2, 2012

SunTrust to raise $1.4 billion in stock offer - Phoenix Business Journal:

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billion through a stock offerinbg to boost its capital to meet federal government the Atlanta-based bank said Monday. The Atlanta-based bank wants to sell 108 million sharesat $13 a share. In relatiom to the offering, SunTrust (NYSE: STI) suspended its previously announced $1.255 billion “at the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billion liquidation preference or amount of certaimn of its currently outstandinhg preferred and hybrid securities for cash using proceedsw from the $1.4 billion equity The moves come after the federapl government’s “stress test” found SunTrust needed to raise $2.
2 billion in And while SunTrust had sufficien tier 1 capital to absorb projected loan losses, its capitakl “tilted too strongly” to sources other than common the stress test revealed. After completinh the offerings announced Mondayand prior, SunTrust expects to have fullt satisfied its obligation. "Today's announcement underscores that we are on a clearr path to achieve our previously announced capitak objectives as we intensify our focuxs onthe future," said James M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company's capital-related initiativee will boost its ability to upon regulatory approval and at the appropriatee time, preferred stock gotten througjh participation in the U.S. Treasury's Capital Purchaswe Plan.