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The company’s board of directors approved the repurchasre June 17 as part ofthe company’ws ongoing share repurchase program, the companyh announced after the close of marketx Wednesday. The last repurchase authorization was in December and was asimilatr $500 million. There were three $500 millionn authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remainb committed to utilizing share repurchases withinn the bounds of a disciplined capital structure to enhance stockholder returnzs while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retaile r and distributor of automotive replacement parts and accessoriees in the U.
S. The compangy sells auto and lighttruck parts, chemicals and accessories through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 stores in Mexico. Shares of AutoZone closed Wednesdatat $155.54, up 2.37 percent.
Friday, November 30, 2012
Thursday, November 29, 2012
Seiler uses Mo. incentives to grow - St. Louis Business Journal:
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After outgrowing its Webster Groves headquarters, the companyg to combine its operations intoone 148,000-square-foot facility at 3433 Tree Cour Industrial Blvd. The companyg is celebrating the move with an open house Fridayyand Saturday. Seiler has applied, and expects to be for reimbursement of 50 percent for trainingb through the stateincentive program, said Seiler’s director of humann resources, Dan Ranson.
He said the trainin would include new employees as well as improvint the skill sets of current employeesz for the fiscal year beginning next Seiler is acontract manufacturer, specializing in fire-control and a distributor of surveying instruments, microscopes and Zeiss planetaria. The manufacturing divisiom producesoptical fire-control equipment and components, such as telescopes and gunsights, primarily for the The division accounts for about half of Seiler’s which was nearly $50 million in 2008. St. Louise County is providing Chapter 100 tax abatement for the new said Seiler Executive Vice President Rick The company bought its new building in Octoberfor $5.
8 million, movin g about 150 employees from three previouds buildings to the new Kirkwood Rick Seiler said Fridau that in exchange for the tax incentives, the company committesd to add at least 25 jobs and maintain them for 10 At the time the move Presidentr Tom Seiler told the Business Journal that the companyh plans to add between 30 and 40 employeesa over the next four to five years, mostly in Seiler Instrument was founded in 1945. It’s owne by Tom Seiler; his father, Eric; and his Rick.
After outgrowing its Webster Groves headquarters, the companyg to combine its operations intoone 148,000-square-foot facility at 3433 Tree Cour Industrial Blvd. The companyg is celebrating the move with an open house Fridayyand Saturday. Seiler has applied, and expects to be for reimbursement of 50 percent for trainingb through the stateincentive program, said Seiler’s director of humann resources, Dan Ranson.
He said the trainin would include new employees as well as improvint the skill sets of current employeesz for the fiscal year beginning next Seiler is acontract manufacturer, specializing in fire-control and a distributor of surveying instruments, microscopes and Zeiss planetaria. The manufacturing divisiom producesoptical fire-control equipment and components, such as telescopes and gunsights, primarily for the The division accounts for about half of Seiler’s which was nearly $50 million in 2008. St. Louise County is providing Chapter 100 tax abatement for the new said Seiler Executive Vice President Rick The company bought its new building in Octoberfor $5.
8 million, movin g about 150 employees from three previouds buildings to the new Kirkwood Rick Seiler said Fridau that in exchange for the tax incentives, the company committesd to add at least 25 jobs and maintain them for 10 At the time the move Presidentr Tom Seiler told the Business Journal that the companyh plans to add between 30 and 40 employeesa over the next four to five years, mostly in Seiler Instrument was founded in 1945. It’s owne by Tom Seiler; his father, Eric; and his Rick.
Wednesday, November 28, 2012
United Way Releases 19th Annual Wishes Booklets - Patch.com
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United Way Releases 19th Annual Wishes Booklets Patch.com 'Tis the season - the season of giving and the Livingtong County United Way (LCUW) has published its 19th Annual Wishes Booklet. The booklet features wishlist items for 27 partner agencies. "We offer this opportunity to our partner and community ... |
Monday, November 26, 2012
ATS Services is now Talagy, with new owner - Business First of Louisville:
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Derek Mercer, the nephew of ATS founder Delores Kesler, acquired the company and will serve as Kesler will retain the title of chairman Amy McGeorge will assume the role of presidenrand CEO. Terms of the acquisition werenot disclosed. “This is an excitin g time in the growth and evolutiohnof ATS, and I’m pleased to alloww the next generation of leadershilp to take the helm,” said Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with threde other staffing firms, including .
The businesa split into two ventures: , which became a publicly tradecd company and isnow , and ATS Mercer worked as the director of information technology at ATS Servicesd before creating his own company, , a global providere of on-demand talent management software, in 1996. Kesler provided a loan that helpef startthe company. Vurv Technology was acquireds by (NASDAQ: TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the country and80 employees, will continu to offer the same products and services, but insteadc of operating under multiple brands and businesds units the company will consolidate into a singl brand.
Derek Mercer, the nephew of ATS founder Delores Kesler, acquired the company and will serve as Kesler will retain the title of chairman Amy McGeorge will assume the role of presidenrand CEO. Terms of the acquisition werenot disclosed. “This is an excitin g time in the growth and evolutiohnof ATS, and I’m pleased to alloww the next generation of leadershilp to take the helm,” said Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with threde other staffing firms, including .
The businesa split into two ventures: , which became a publicly tradecd company and isnow , and ATS Mercer worked as the director of information technology at ATS Servicesd before creating his own company, , a global providere of on-demand talent management software, in 1996. Kesler provided a loan that helpef startthe company. Vurv Technology was acquireds by (NASDAQ: TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the country and80 employees, will continu to offer the same products and services, but insteadc of operating under multiple brands and businesds units the company will consolidate into a singl brand.
Sunday, November 25, 2012
Tim Tebow: Jets' Blowout Loss Must Spur Quarterback Change for Final Five ... - Bleacher Report
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Bleacher Report | Tim Tebow: Jets' Blowout Loss Must Spur Quarterback Change for Final Five ... Bleacher Report It's really that simple. Mark Sanchez has been dreadful all season long. He wasn't even good before this season. After the Jets' 49-19 loss to the New England Patriots, why wouldn't you make a quarterback change? We cou ld say that Rex Ryan isn't a good ... |
Saturday, November 24, 2012
Vail Resorts plans wage cuts in face of declining visits - Denver Business Journal:
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The pay cuts, which will take effect at or near the end of the currenwinter season, will be implemented on a slidinb scale, from 2.5 percent for seasona l employees to 10 perceng for executives. It will be offse t partially by a grantingof stock-based incentived compensation for all full-time employees, ranging from 1.5 percent to 7.5 percent of salaries. Resort-related earningds fell 8.3 percent from last year a $9.6 million decline — as out-of-state and overnightt visitors were less likely to come tothe company’e five mountain resort properties and to spend less money when they did show up.
The Broomfield-basefd company (NYSE: MTN) operates the Vail, Keystone and Beaver Creek winter resorts in Colorad and Heavenly Mountain Resort onthe California-Nevadz border. “Our second quarter resorrt segment results, which encompass the first part of theski season, reflec the impact of the severe downturn in the Vail Resorts CEO Rob Katz said in a Katz, who announced he will receivs no salary for one year and then take a 15 perceng pay cut, added that the February through Aprill period, which is when Vail Resorts typically gets its most could show bigger revenue declines.
“We do expect that for the remainded of the fiscal year the trends of our results to the priofr year will worsen from the results realizedd in thesecond quarter,” he said. “This is due primarilyg to the third quarter bein g a historically larger revenue quarter than the second quarter with he continuinfg negative trends having agreaterf impact.” From November through lift-ticket revenue fell $6.8 million or 5.1 percent, whiles revenues for the company’s ancillary businesses droppeed even more. Ski school revenue decreased 17.6 percent, dining revenue fell 11.4 percent and retailk and rental revenue droppedby 11.3 Lodging revenue rose by $6.8 million or 18.
2 percent, due largely to the opening of the Arrabelles resort in Vail and the acquisitionn of the Colorado Mountai Express airport shuttle service. Without those two factors, lodgin segment revenue would have decreasedby 13.2 percent as both destinationj visitors and group-room nightse declined, Katz said. One bright spot in the second-quarter fiscal report was an 18.2 increase in season-pasz revenue, leading to a 0.9 percent increase in skier visitsat Vail’s four Colorado Because of that, the percentage of in-statde visitors schussing down the slopes increased from 41 percen to 48 percent, Katz reported.
In response, the company announceds it would offer its EpicSeason Pass, allowingv unlimited visits to the four sitews as well as Arapahoe for the same $579 pricde next year as it charged this year. The offer is good through April 9, and purchasers must put down onlya $49 down with the balance due in September, Katz said. Vail Resorts also announcex that Katz has been named chairmabn ofthe company’s board of directors.
The pay cuts, which will take effect at or near the end of the currenwinter season, will be implemented on a slidinb scale, from 2.5 percent for seasona l employees to 10 perceng for executives. It will be offse t partially by a grantingof stock-based incentived compensation for all full-time employees, ranging from 1.5 percent to 7.5 percent of salaries. Resort-related earningds fell 8.3 percent from last year a $9.6 million decline — as out-of-state and overnightt visitors were less likely to come tothe company’e five mountain resort properties and to spend less money when they did show up.
The Broomfield-basefd company (NYSE: MTN) operates the Vail, Keystone and Beaver Creek winter resorts in Colorad and Heavenly Mountain Resort onthe California-Nevadz border. “Our second quarter resorrt segment results, which encompass the first part of theski season, reflec the impact of the severe downturn in the Vail Resorts CEO Rob Katz said in a Katz, who announced he will receivs no salary for one year and then take a 15 perceng pay cut, added that the February through Aprill period, which is when Vail Resorts typically gets its most could show bigger revenue declines.
“We do expect that for the remainded of the fiscal year the trends of our results to the priofr year will worsen from the results realizedd in thesecond quarter,” he said. “This is due primarilyg to the third quarter bein g a historically larger revenue quarter than the second quarter with he continuinfg negative trends having agreaterf impact.” From November through lift-ticket revenue fell $6.8 million or 5.1 percent, whiles revenues for the company’s ancillary businesses droppeed even more. Ski school revenue decreased 17.6 percent, dining revenue fell 11.4 percent and retailk and rental revenue droppedby 11.3 Lodging revenue rose by $6.8 million or 18.
2 percent, due largely to the opening of the Arrabelles resort in Vail and the acquisitionn of the Colorado Mountai Express airport shuttle service. Without those two factors, lodgin segment revenue would have decreasedby 13.2 percent as both destinationj visitors and group-room nightse declined, Katz said. One bright spot in the second-quarter fiscal report was an 18.2 increase in season-pasz revenue, leading to a 0.9 percent increase in skier visitsat Vail’s four Colorado Because of that, the percentage of in-statde visitors schussing down the slopes increased from 41 percen to 48 percent, Katz reported.
In response, the company announceds it would offer its EpicSeason Pass, allowingv unlimited visits to the four sitews as well as Arapahoe for the same $579 pricde next year as it charged this year. The offer is good through April 9, and purchasers must put down onlya $49 down with the balance due in September, Katz said. Vail Resorts also announcex that Katz has been named chairmabn ofthe company’s board of directors.
Thursday, November 22, 2012
Details begin to emerge on health-care reform - South Florida Business Journal:
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percent of the cost of health insurance premiumesfor full-time employees under the health care reform bill being considered by the House. They also would be required to pick up at leastt some of the tab forinsuring part-time employees. Businesses that don’tg provide this minimum level of coverage would be required to pay the federalp government a fee based on 8 percent oftheitr payroll. Small businesses under a yet-to-be-determined threshold would be exempted fromthis “play or pay” requirement.
The chairmen of three House committeed with jurisdiction over health care introduced draft legislationJune 19, offeringh the most details yet on how health care reformj could affect small businesses. Under the small businesses and individuals could shop for insurance through anational exchange, which woulds include a government-run plan and privatw insurers. Tax credits would be available to help smal l businesses affordthe coverage. Healthj insurance premiums for U.S. businesses increased by 9.2 percentf this year, and are expected to increase anotherf 9 percentnext year, accordinvg to . Small businesses oftemn face much higherrate hikes.
While most small businesses agrese the current health insurance marketis dysfunctional, there’e a lot of disagreement over whether the Housew bill would cure the problem or just make it Mike Draper, who owns a retail clothinb store and design business called Smash in Des Moines, likes what he sees in the bill. Draper thinks adding a public plan woulde hold down premiums by creating more competition in the Draper doesn’t offer health insurance to its seven full-time but reimburses them for the cost of policiez they buy on theidr own. That’s fine with his employees, who are singler and in their 20s.
The reimbursements now accouny for 6 percentof Smash’s but that could jump to 22 percenft in four years, when Draper expects everyone on his managemen team to have children, creating the need for family plans. His business couldn’t handle that expense, he said. If the Houss bill were enacted, he wouls consider buying insurance through the exchange if it were easyto use. But he might decide to pay the 8 percent payrollfee instead, then reimbursed his employees for some of the cost of the policiesz they purchase through the exchange. Draper thinksd employers should be required to help pay fortheif employees’ health insurance.
Like Social Securit y contributions, this sort of responsibility is “kindd of what you signed up for” when you become a businessz owner, he said. Other small business owners, however, thinko the House bill imposes too tough of a standard onsmall businesses. The requirement to pay 72.5 perceny of an employee’s premium for individual coverage “is much too high for many small businesses,” said Karenj Kerrigan, president and CEO of the Smal lBusiness & Entrepreneurship Council. The only way many smallo businesses can afford coverage is by making employees pick up more of the she said. Arlington, Va.
-based Company Flowers & Gifts for example, pays 50 percent of the cost of healtjh insurance forseven full-time employees. Even that may not be affordable next year, because “our ratesz are going to skyrocket,” co-owner John Nicholson told the Housw Small Business Committee earlier this month.
percent of the cost of health insurance premiumesfor full-time employees under the health care reform bill being considered by the House. They also would be required to pick up at leastt some of the tab forinsuring part-time employees. Businesses that don’tg provide this minimum level of coverage would be required to pay the federalp government a fee based on 8 percent oftheitr payroll. Small businesses under a yet-to-be-determined threshold would be exempted fromthis “play or pay” requirement.
The chairmen of three House committeed with jurisdiction over health care introduced draft legislationJune 19, offeringh the most details yet on how health care reformj could affect small businesses. Under the small businesses and individuals could shop for insurance through anational exchange, which woulds include a government-run plan and privatw insurers. Tax credits would be available to help smal l businesses affordthe coverage. Healthj insurance premiums for U.S. businesses increased by 9.2 percentf this year, and are expected to increase anotherf 9 percentnext year, accordinvg to . Small businesses oftemn face much higherrate hikes.
While most small businesses agrese the current health insurance marketis dysfunctional, there’e a lot of disagreement over whether the Housew bill would cure the problem or just make it Mike Draper, who owns a retail clothinb store and design business called Smash in Des Moines, likes what he sees in the bill. Draper thinks adding a public plan woulde hold down premiums by creating more competition in the Draper doesn’t offer health insurance to its seven full-time but reimburses them for the cost of policiez they buy on theidr own. That’s fine with his employees, who are singler and in their 20s.
The reimbursements now accouny for 6 percentof Smash’s but that could jump to 22 percenft in four years, when Draper expects everyone on his managemen team to have children, creating the need for family plans. His business couldn’t handle that expense, he said. If the Houss bill were enacted, he wouls consider buying insurance through the exchange if it were easyto use. But he might decide to pay the 8 percent payrollfee instead, then reimbursed his employees for some of the cost of the policiesz they purchase through the exchange. Draper thinksd employers should be required to help pay fortheif employees’ health insurance.
Like Social Securit y contributions, this sort of responsibility is “kindd of what you signed up for” when you become a businessz owner, he said. Other small business owners, however, thinko the House bill imposes too tough of a standard onsmall businesses. The requirement to pay 72.5 perceny of an employee’s premium for individual coverage “is much too high for many small businesses,” said Karenj Kerrigan, president and CEO of the Smal lBusiness & Entrepreneurship Council. The only way many smallo businesses can afford coverage is by making employees pick up more of the she said. Arlington, Va.
-based Company Flowers & Gifts for example, pays 50 percent of the cost of healtjh insurance forseven full-time employees. Even that may not be affordable next year, because “our ratesz are going to skyrocket,” co-owner John Nicholson told the Housw Small Business Committee earlier this month.
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