Ortho SuperSite | Mid-term Survivorship Results for a Rotating-Platform Knee Prosthesis Ortho SuperSite The ability of the polyethylene to articulate on a polished nonconstrained tibial tray, as well as maintain the congruence of the femur, has been shown to ... |
Friday, December 31, 2010
Mid-term Survivorship Results for a Rotating-Platform Knee Prosthesis - Ortho SuperSite
Wednesday, December 29, 2010
Meltdown puts squeeze on commercial lending - South Florida Business Journal:
The sale, which closed Jan. 16, wouldc have cost him $1.2 million less if he had closed in asplanned - or six monthsa ago, when financing was easier to come by and more moneyy was available for deals. The big issue for investors like Osherofc is that lenders are applying greater scrutinyto deals, cappint the loan-to-value ratio at no more than 65 and requiring more equity in both residential and commercial And the vise is only getting tighter, real estate expertse say. The subprime meltdown has squeezedscommercial lending, making deals more expensivre and more complicated.
"I have to put in 30 centse on the dollar, or pay cash," Osheroff To close the hospital deal, he took out a $3.5 milliob home equity line. For future deals, he plana to draw on the equity in the thre office buildings he owns in Miami His ability to draw on his equity will allow him to continuse to operate throughthe market's current creditr crunch, but he understands a lot of smallee players will be standing on the sideliness with no options. Priort to the subprime collapse, individual buyers could get up to 95 percentt financing because the secondary market was buying up including exotic financinglike interest-only The residential market was brimming with jumbol loans.
Developers, brokers and lenders convinced buyersw the real estate boom wouldnever end, and that buying a bigger home would only resultt in a bigger return down the Today, the secondary markety has collapsed, while billions of dollars in lossez continue to ripple through the market. Despitse the fact that commercial loan delinquenciews are athistoric lows, people are concerned aboutt the continued spillover effect of the creditf crunch on the commercial This fear has some investors in a holdinv pattern to see how asset valuations shaks out in a market that hasn't hit bottom. It's a stark contrasgt to a handful ofyears ago, when havinh a deal was enough to get a lendeer interested.
Losses on the residential lending side begahn seeping into the commercial financing marketslast Loss-riddled banks tightened their standards and Wall Street investors turnerd up their noses at real estate, similatr to what they did to Internet companie during the dot-com crash. The spillover effecf has continued into the new In the second weekof (NYSE: C), the paren t company of CitiMortgage, announceed it had lost $9.83 billion in its fourth quarter. The followinhg week, (NYSE: MER) said it took $14.6 billion in write-downs and adjustmentsa in the fourth quarter due to investments and trades impacted by the subprimemortgagre crisis.
Alex Zylberglait, associate director for , said that banks are so rattlede by the losses that theyare "offloading assets," even performingy loans, to decrease their exposure. Jumbo loans might as well be further stalling theresidential market. This is particularlu thorny for sellers and developers indowntownb Miami's new condo canyons. Buyers of unites priced above the $417,000 conforming loan cap are on theire own ifthey don't have cash. Credit on all types of propertiese is also more expensive andis tied-up longer, even for the financially well heeled.
Tighter rules meansw lenders will provide between 60 percent and 70 percentfinancinhg - and charge more for it, said Alan Osheroff's partner in three Miami medical-office buildingxs and a principal of Davie-based . "Today, you can stil find money, but in the 6.5 percent range, with a 30-year amortization, wherse before, you could get 5.5 percent with interest
Sunday, December 26, 2010
Rob Greener named IFSA president - ESPN (blog)
ESPN (blog) | Rob Greener named IFSA president ESPN (blog) You were just named president of the IFSA, a position once held by Shane McConkey. What plans do you have in store? Rob Greener: In the last six weeks we ... |
Friday, December 24, 2010
HVCC moves 2 programs to Rensselaer Tech Park - Business First of Louisville:
The Troy college recently signeda 10-year leasw with 400 Jordan Road LLC. The school will pay approximately $605,000 a year to lease 36,55u square feet of space. Hudson Valley’e popular paramedic program will occupy abou half of thenew space. The schooll also will move its respiratory care program and a that trains employees for area according toStephen Cowan, director of the college’a physical plant. The remainder of the leasedd space willhouse ’s Next Step office, a communicationw worker training program coordinated by the college.
Thosd departments all currently are locate inHudson Valley’s 90,000-square-foot Hy Rosenblu m Administration Center, a 1940s era buildintg that Cowan said needa major renovations. “It’s a tired old building. We are lookinbg at total renovationsor demolition,” he said. But the colleges decided to lease space from the througbh 400 Jordan Road LLC for 10 years while the colleg decides whether it should overhaul or tear down the HyRosenblumm building. The college continues to grow, but becauswe of the economy it does not have the mone y to renovate the current buildingright now, Cowann said.
Hudson Valley is planninf to hire a consulting firm this summer to help officials decids the most cost effective way to deal with theRosenbluk building. helped Hudson Valley negotiatedthe lease. The college plans to have the four programs and departmenta moved into the new space in Northb Greenbush before the start of classeson Aug. 31. The buildin g previously had been used as office space forVerizon workers, Cowan
Tuesday, December 21, 2010
Ooh la la: France Ave. retail center to get a makeover - Minneapolis / St. Paul Business Journal:
Leisure Lane at 7101 France Ave., first built in the is gettinga face-lift and a new name — Rue de France. Construction started a few weeks ago and is expected to finish in saidGregory Houck, an architect with Minneapolis-based , whichj is handling the design and rebranding of the 50,000-square-footr property. Houck, who declineds to disclose the cost of the said the firm decided to play with the Franc e Avenue name in the which is changing the facade and eliminating the centers interiorf walkway area to make the centefrless mall-like.
The European flair in the desigj willbe subtle: no chateau-like features or statuezs of French World War I But there will be fleur-de-lizs patterns around the parapets. “It was just an idea of talking abou France and linking it tothe French,” Houci said. The center’s tenants — Ethan Pella Windows & Doors, Calico Corners, Nationakl Camera Exchange, Caribou Coffee and Brueggers BagelBakerg — will stay the same. Minneapolis-basefd is the general contractor.
Bloomington-based NorthMarq handles the leasing and management ofthe
Sunday, December 19, 2010
Public employers modifying health benefits - Washington Business Journal:
The survey, conducted by Brookfield-based , showed public employers nationwide are modifying their employee healthj care benefits to includemore cost-saving The survey found that 72 percent of publiv employers are increasing or considering an increase in theif employees’ deductibles, coinsurance or copays. In addition, 74 percenf of public employers are increasing or consideringg an increase inemployee premiums. When asked why they were consideringhighetr deductibles, 46 percent of public employerws cite the financial crisis.
Almostt the same percent, 45 percent, cite the crisid as the reason why they are thinking about higheremployee “These findings are surprising, although cost-sharingt measures have been common in the corporatwe world for quite some time, publivc employers have traditionally not modified their health care plans in this Sally Natchek, senior directort of research at the foundatiohn said in a statement. “The fact that the majorituy of public employers are now increasing copays and premiums illustrates the dual effec rising health care costs and the financiak crisis are having ontheir plans.
” Other cost-saving programe that public employers are instituting include adding a consumer-driveb health plan, shifting to a self-funded plan and introduciny spousal surcharges. Nearly three-fourths of publix plan sponsors are placing more emphasis on controllingb prescriptiondrug costs. The majority of publif employers are expanding participant education about drug optionsand costs, increasing copayments and/or coinsurancr for drugs and mandating the use of generic the survey found.
Thursday, December 16, 2010
Convera folding into U.K. company - Minneapolis / St. Paul Business Journal:
Vienna-based Convera (NASDAQ: CNVR) will be dissolved. Afterf the merger, Patrick Condo, Convera's CEO, will become the chairmanm of the board, and Colin Jeavons, Firstlight'sz CEO, will become the CEO. Convera'ds plan of dissolution contemplates an orderlyh wind down of its business and After filing its certificateof dissolution, Converza intends to make one or more distributions to its stockholders of cash availablee for distribution, subject to applicable legal requirements.
Conversa will then delist its common stock from The new company will bring together the verticalp search technology of Convera and the advertisinvg sales and marketing capabilities of It will have over 60 corporate customerf accounts and 120 existing Web siteds withapproximately 1,500 advertisers. When the merger becomes effective, Conversa will own 33.3 percent and Firstlight will own 66.7 percent of the total outstanding common stock of thenew company, subject to certaibn adjustments which may enable Convera to own up to 42 perceny of the new company prior to the distribution. The merger is subjecy to Convera stockholders' approval and certain other customaryclosing conditions.
The mergeer is expected to closethis summer.
Monday, December 13, 2010
The Tutu's Tale: A Cultural History Of Ballet's 'Angels' - NPR
The Tutu's Tale: A Cultural History Of Ballet's 'Angels' NPR There were other Russians too: Soviet dancers whose technique differed sharply from that of Doubrovska and the Tsar's former dancers. ... |
Saturday, December 11, 2010
NCR refutes criticism from Ohio officials - Boston Business Journal:
The (NYSE: NCR) when Dayton-areaz and Ohio leaders tried to contacg the company about rumors it wasleavingh town, saying NCR often did not return callds or e-mails. NCR issued a statement stating its side of thing and implying its level of interaction with localk and state officials was misrepresented byarea “We have met regularly with state of Ohio and Daytonj officials to discuss the business environment and NCR’e requirements. The decision was not made solelyg onsingle factors, such as financiall incentives. It was based on a very careful and comprehensive situatiomn analysis of our employment centers using independentf thirdparty data,” according to NCR.
“The broad rang of criteria used for the review of the locationsa includedavailable workforce, infrastructure, incentivese given, the government tax structure and benefits to NCR future employees and stakeholders.” Company spokespeople would not provide specifics of meetingz with government officials and refused to disclos e when their analysis began or wherew Ohio ranked in that analysis. The statement comeds after officials from the cityof Dayton, Montgomery County and Ohio gathereds on the footsteps of the Old Court Housr in downtown Dayton Tuesday to slam NCR. Lt. Gov.
Lee Fishefr said the NCR standsfor “No opportunit to Communicate or and officials joined in by tellinh reporters that all theirf efforts to engage the company durinbg the past two yearsd were rebuked. Fisher said NCR was one of the firs t companiesOhio Gov. Ted Strickland and he reachede out to when electedin 2007. Despite numerousd overtures, the first time Stricklands actually talked to Nuti was on the eve of the relocation Fisher said. Nan Whaley, Dayton city accused the company of failinbg to convey its true City officials laid out a timetable they say shows the company was not as responsive the requests for meetings as it shoulxhave been.
According to the city of • In October 2008, Dayton officials requester a meeting with the highesgt ranking localNCR officials, but that was denied by NCR. • In January 2009, the city tried to get a meeting, but was unablre to. • In February, county, city and statw officials had a meeting with three company officialwin Dayton. They were supposed to meet with Chief Executiver OfficerBill Nuti, but he did not show. On April 20, a meeting with state, county and city officials took place withNCR officials, which was a pre-meetingg for another planned April • NCR canceled the second April meeting and reschedulecd for May. • NCR then canceled the May meeting.
Dayton did not provide meeting dates prior toOctoberf 2008.
Wednesday, December 8, 2010
Regions Bank gets control of Treasure Island Tennis & Yacht Club - The Business Journal of the Greater Triad Area:
Judge Caryl E. Delano of the ’se Middle District of Florida, approvecd a plan Wednesday that would turn over the Treasurd Island Causeway clubto . Keys are expected to be turnee over by the end of the day The changing of hands was part of a revise reorganization plan filed in March by theTenniz & Yacht Club following its Chapter 11 “The court’s ruling today provides a mechanis for a distinct bank subsidiary to take total ownershi p of all club assets in a mannere that is faster, less expensive and least intrusive to the of the club, said John Anthony of , who representefd Regions Bank in the bankruptcy, in a The takeover will alloew Regions Bank to market the 17 waterfront acres to potential Anthony said.
When the Tennis & Yacht Club filed for it reported assets and liabilitiesbetween $1 million and $10 The club’s largest unsecured creditor last October was of Palmett for $13,502. However, the club owed Regions Bank as muchas $9.5 which owned the mortgage on the property. The club issuedc taxable variable rate demande bondsfor $6 million through Regions Bank in Septembef 2005 to help finance construction on a new clubhouse, whichb was completed in early 2008. The club issued a secon bond in March 2006for $1 million and a thir in April 2007 for $1.8 Regions Bank provided letters of credit for according to court documents.
The Tennis & Yachtt Club paid its principal on the debt inOctobetr 2008, but its efforts to have Regions Bank restructure the loan were forcing the club into bankruptcy. Employees at the club are expecte to remain on the payroll duringythe transition, and scheduled activities including this weekend’s Fourth of July eventr — will continue as planned, Anthony The Tennis & Yacht Club was foundedc in 1986 and as of its bankruptcy filing had 450 according to court
Monday, December 6, 2010
unithink Names John Cline CEO - PR Newswire (press release)
unithink Names John Cline CEO PR Newswire (press release) 6, 2010 /PRNewswire/ -- unithink NV announced that it has named John Cline CEO of the company. Cline comes to unithink after successful stints at National ... |
Friday, December 3, 2010
Mass layoffs up 75% in Texas - Houston Business Journal:
Texas' total number of mass layoffs--definedc as those affecting 50 ormore workers--wasw the seventh-largest in the nation. Abour 9 percent of the state'as total workforce was affected by extendex mass layoffs in thefirs quarter, the third-highest in the U.S. followin g Illinois (18 percent) and California (11 percent). Initial claimants for unemployment benefits in Texastotaledc 23,174 during the quarter, up from 19,488 a year ago. The 50 statezs and the District of Columbiareported 3,489 mass layoffs in the firs quarter, down from 3,585 in the fourth quartet and up from 1,340 in the firsrt quarter of 2008.
The nation had 542,02e3 initial claims in the first quarter, down from 762,737 in the fourth quarter and upfrom 259,29 2 in the first quarter of 2008. manufacturing firms reported 1,380 mass layoffs involvingb 215,281 separations, the highest first-quarter levels for the industrgon record, with data available starting in 1996. The manufacturiny segment accounted for 40 percent of privater nonfarm layoffs and 39 percentr of related separations in thefirst quarter. A year manufacturing constituted 31 percent of layoffs and 37 percentrof separations.
Wednesday, December 1, 2010
Boston maintains overseas pitch after lessons of
The effort is a byproduct of some hard-earnedx lessons from the recessionof 2001. As a cost-cuttingb measure, many pulled international marketing efforts in favor ofdomestivc campaigns, only to languish behind othetr destinations when the economy improved. “In retrospecty it was the wrong decision,” said Patrick president and CEO ofthe . He noted that cities that continuefd their international efforts started to reboundein 2004. “It took us until 2006 to begihn to gain backmarket share.” The efforft to maintain marketing budgets abroae comes as revenue from event and hotel-room bookings is Still, it’s worth the expense, local hospitality experts say.
“Inb the travel marketing business it’s considerec wise to stay with amarketing plan,” addedr Betsy Wall, executive director of the . “The last recessio n gave an excellent model because manyAmericanh destinations, including Massachusetts, pulled back on international marketing. Thosed that stayed in it, for exampld the city of Philadelphia, maintained their market share when the economy The past two years have been strong onesfor Boston, which has posted steady gains in internationap travelers. Overseas visitors grew from 997,000 in 2006 to roughlyu 1.1 million in 2007, according to U.S. Department of Commerces statistics.
Moscaritolo is awaiting final numbersxfor 2008, but estimates overseas traveleras numbered 1.23 million last year. That gets back to the city’e previous high-water mark of 1.2 milliobn international visitorsin 2000. The economidc impact of those visitors for 2008 was estimatedcat $1.4 billion, Moscaritolo As a result, the bureauu has increased its international marketing budget by $300,000 for 2009 to $1.1 million. MOTT’sz international marketing budget isabout $2.
5 which Wall anticipates will remain the “We think there’s a very compelling reasonn (and) a very strong return on investment,” Wall MOTT, GBCVB and the are expandint their partnership in July with a jointt marketing campaign to lure small internationa l conferences to the city. They also are workingb to bring nonstop flights to Boston from Japanand “Even though the downturn you hear about is worldwide, eventually this penduluk swings back up,” Moscaritolo said. “And Bostonh ...
will be front and center in this Stephen Johnston, general manager of Jurys Bostojn Hotel, said international business accounta for about 30 percent of his Irish-ownee hotel’s customers. He said it is crucialk to maintainmarketing efforts. “Business is hardefr to get now so you have to differentiatr yourself more fromthe competition,” he said. Rather than cuttin g rates, Jurys is offering extras such asroom upgrades, food voucher and late check-out times.
“It’s criticap that we sustain market share,” agreed Tim general manager ofthe , which has a larged global marketing sales In addition to Europe, other attractive markets are China and Southeast Asia, he said. The internationao travel market hasa “notoriously short Kirwan said. “That means we’vew got to outperform and out-market to stay in the forefrontgof everybody’s decision-making processes around the You cannot lie back and
Sunday, November 28, 2010
Friday, November 26, 2010
Whole Foods adopts new verification standard for private label products - Baltimore Business Journal:
Austin, Texas-based Whole Foodas (NASDQ: WFMI) will work with the Non-GMOi Project, a nonprofit collaborative of manufacturers, retailers, processors, farmers and others. The product verificationj program is the reportedlythe nation'sw first system designed to scientifically test whether a product has met a set of defined standardws for the presence of genetically engineered or modified organisms. "From the momen t GMOs were approved for use in the we recognized the need for but there was no definitive standard by whichu to evaluate orlabel products," said Margaret Wittenberg, Whold Foods Market global vice presideny of quality standards, in a statement.
"Ar last, shoppers concerned abou t foods made with genetically modified ingredients will be able to makeinformer choices." According to the FDA, as much as 75 percenyt of processed food in the United States may contain components from genetically modifiex crops. Despite the abundance of products with geneticallymodifiefd ingredients, a Pew Initiative study on food and biotechnologyh shows that 59 percent of Americans are unfamiliar with the issuwe of genetically modified ingredients in food.
Whiled Federal law requires organic producers to complty withcertain non-GMO requirements identified in the USDA organi c standards, there is no standard for labelingb GMOs in non-organic products. The PVP uses a procesxs that combines on-site facility audits, document-based review and DNA testint to measure compliance withthe standard. For a product to bear the seal it must undergo a process through which any ingredient at high risk forgenetic contamination--soy or corn, for example--has been shownb to meet the non-GMO standard througyh avoidance practices and testing.
Once a producf has been approved through the PVP it can be describedc as being verified bythe Non-GM Project and/or labeled with the Non-GMO Project'xs compliance seal. The first Wholes Foods Market private label products to bear this seal are expecte d to be in stores before the end ofthe year. Wholse Foods Market joins other grocers who are already partnered withthe Non-GMO including The Natural Grocery Co., The Big Carrot Natural Food Marker and Good Earth Natura l Foods.
Tuesday, November 23, 2010
Study prescribes Medicare 2011 drug plan research - BusinessWeek
New York Daily News | Study prescribes Medicare 2011 drug plan research BusinessWeek Medicare prescription drug customers should closely study 2011 coverage options before they renew their plans, according to the research firm ... Changes Coming to Medicare Part D Seniors will need to make decisions Time to shop for best Medicare drug and health plans |
Monday, November 22, 2010
Solar + tunes = energy efficient concert series - Houston Business Journal:
For the last few Wednesday evenings, populaer acts like Del Castillo, Nelo and Ozomatl have rocked Republic Square Park whilre sharing the spotlight with an unlikelytperformer — solar power. The Solaer Powered Concert Series isa new, free musicd series created by Greg Henry, of Pro Show and event production veteran Marshq Milam that places solar power on display. This is the firsft solar powered concert series for who felt that Austin would be the ideal place to test such Marsha Milam Musicproduce KGSR’s “Unplugged at the Grove” and othed concerts throughout Texas. “Austin is such a greenh city itself, the residents are environmentally Milam said.
“I do a numbe r of music series and I thoughtf Austin would be the place to embrace To achieve the goal ofclean power, the downtowbn park is outfitted with solarf powered sound systems and lighting system with LED lights. Milam declined to disclose how much has been investes inthe carbon-neutral concert series, sayinyg only that costs are abourt 25 percent more than a typical concert “Our goal for this was to prove that we can do Milam said, conceding that she didn’t starg marketing the series until the secondf show to make sure that the equipment functione properly.
“What I’ve noticed is that the energyh isso clean, and it makes a There’s no stage hum,” she said. “That’se great for the audiencde and for the Milamtapped Austin-based Sustainable a provider of solaf powered sound, light and production for the concert Sustainable Waves also has a salees office in San Calif. Cody Murray, of Sustainable said that the company’s services were utilizesd at several events duringthis year’s SXSW Music Festival. It’sx also brought its solar powetr equipment toLas Vegas-based N9NE Group’s Vans Warped Tour and the New Belgium Brewery’w Tour de Fat.
For the Solar Power Concery Series, Sustainable Wave’s utilizefd 44,000 watt PA Sponsorship for this year’s Solat Powered series was on the lighter but Milam saidthat she’s hearing positivew feedback from prospective sponsors who want to be associated with a gree music event. “This is our vision. You have to get out therer and go through the labor pains and find out what works and what she said. “Our goal is very This isn’t a one year thingg for us.” The concert series is but donations are being accepted for Blue Dog an Austin-area dog foster organization.
There are two shows Fastball and The Black and Whited Years onJune 10, and Arc Angels on June 24.
Saturday, November 20, 2010
Lanvin x H&M pays off for SF early risers - San Francisco Chronicle (blog)
San Francisco Chronicle (blog) | Lanvin x H&M pays off for SF early risers San Francisco Chronicle (blog) Dipping temperatures and a rainy night didn't stop Kevin Quach (first in line) or Taylor Whitley (about 50th of many hundreds) from their mission to score ... |
Friday, November 19, 2010
Waterford poised for cash infusion - Business First of Buffalo:
But the Clarence-based bank must first merge with a formingbank company. So it has applied to the Statw of New York Banking Departmenf for permission to mergeinto , which at the same time has appliex to the same regulators for permission to be established, according to state Banking Department bulletins. The new bank will continued to be known as WaterfordsVillage Bank. Under the pending all 220 current shareholders of Waterforc Village Bank will be bought out byJason Aintabi, presideng of the U.S. arm of , a real estatde and financial servicesinvestment company.
Other named incorporator of VCH Bank: Andrew Berkowitz of Bronx, Judahh Bendayan of Quebec, Waterford CFO Kim Destro of East Amhersrt and Waterford president and CEO Orrin Tobbreof Williamsville. Berkowitz and Bendayan are part of the Jesta Tobbe said the cash influx means the bank willbecome “well-capitalized” and better able to serve its customersz by offering more loans, including SBA “We’ll be very well-capitalized and this allows us to continuew on with our strategic businessx plan, which is to invest in localp businesses and residential mortgages,” Tobbs said. “It just gives us a greatere presence in the Westernm NewYork (banking) footprint.
” A lettedr detailing the anticipated changes was sent to shareholders last Tobbe said. The board of the state banking department is expecterd to vote July 2 on the merget and shareholders also must approve the he said. The deal could closse in late July orearlh August, he said. Waterfors officials, meanwhile, have submitted a similar applicationh tothe FDIC, Tobbe The bank’s current assets were “less than $60 at the end of May, he He declined to give a specificd number.
Wednesday, November 17, 2010
$960 million transportation bill heads to governor - Portland Business Journal:
Oregon Gov. Ted Kulongoski is expected to sign HousedBill 2001, which passed by a 24 to 6 The bill would raise revenue for $960 million worth of projectx through bonds and a 6-cents-a-gallon increase to the gasolinee tax. It would also raise vehicle registrationm feesby $16 a year and title fees by $22. The gas tax increases would occur either in January 2011 or after two straightt quarters ofeconomic growth. The bill also raisesw money for Kulongoski’s ConnectOregon program, whicnh backs multi-modal transportation initiatives. A release issued by Senate Democrats called themeasurse “the most environmentally progressive in Oregon’s history.
” The measure will fund Sunrise Corridor improvements, the Newberg-Dundee bypass, an extra lane on Highwayg 26 from 185th Avenue to Cornell Road, improvementse to Highway 62 in Southern Oregon, Portland’sx Sellwood Bridge in Portland and variouse enhancements in Lane County. Sen. Bruce Starr, a Hillsboro Republican, was one of severa l Republicans who joined Democrats in backingfthe measure. “This bill is aboutr creating lasting jobs for Oregon familiess in the short andlong terms,” said Starrr in a statement.
“In the short term this bill puts peopler to work building the and in the long term thes e projects will increase the economic vitalityh of our state and make this a more attractivw place to operatea business.”
Tuesday, November 16, 2010
Jenkins of Publix boosts CompCare holdings - Jacksonville Business Journal:
Jenkins paid $2 million. The shares will be issuedc in aboutthree weeks, after CompCare completes a previously discloses increase in its authorized common stock, a filiny with the said. Jenkins, who CompCare stock earlier this will own a total of 14million shares, or 43.4 percengt of the total number of shares the filing said. Jenkins paid 25 centd a share for the stock in the May21 agreement. The stockm traded on the open markety that day at 55 cents a Its 52-week range has been between 15 centsx and 95 cents a share.
Jenkins currently is chairmann of the executive committeeat Publix, a Lakeland-basesd grocery chain and the largest privatelg owned company in the Tampa Bay CompCare (OTCBB: CHCR) said it plans to use the net proceed from the sale of the securities for working capita and general corporate purposes. The Tampa-basesd company provides behavioral health, substance abuse, direct-to-consumer marketing of health care productas and employeeassistance programs. CompCare bought in and the former chairman and chiefr executiveof Core, Clark Marcus, was named chairmam and co-chief executive of CompCare earlierf this month.
Sunday, November 14, 2010
Pistons Beat Kings 100-94, Declare Supremacy Over Western Conference Basement - Detroit Bad Boys
Pistons Beat Kings 100-94, Declare Supremacy Over Western Conference Basement Detroit Bad Boys The Pistons continued to assert their dominance on the road against Western Conference weaklings with another ... |
Saturday, November 13, 2010
Pittsburgh region's multifamily vacancy rates among lowest nationwide - Pittsburgh Business Times:
, owner of the mixed-use development, expects to closw this week onthe $10.28 milliob sale of its 241-unit Penn Towers to , an affiliatse of St. Louis-based retirement home developefr BrookviewGroup Ltd., said Cynthia a broker with Downtown-based CB ., which represented Soffef in the deal. The property, built in is Soffer’s last major property at Penn Centert East in the eastern suburbof Wilkins, and it is the company’x only apartment property other than 86 fulluy leased rental units at the SouthSide Soffer was seeking $11.2 million for Penn or $46,500 per unit.
Jeffret Ackerman, a broker with CB Richard Ellis who assisted with the said plans call for a multimillion dollad renovation and the marketing of the rentalsto “We are going to cater to the clientele that is that is predominately seniors,” said Barryy Pessin, president and co-owner of Brentmoor Retirement a division of Brookview Groupl Ltd. Meanwhile, in Robinson Township, an affiliate of Pittsford, N.Y.-basefd Morgan Management LLC recently closed on the acquisition ofthe 291-unitr West Pointe Apartments for $11.6 million, or nearlyy $40,000 per unit.
Morgan Management acquired the property from a partnership including Stuart Barmen andRobertf Stephanovic, the original developers now basedf in Ohio, and O’Hara-based which also manages the property. “We just like the said Bob Morgan, whose company bought into the Pittsburg h market last year with the acquisition ofthe 370-unit Club at Nortjh Hills in McCandless. “We think it is a very stable market.” Morgan said his company planws to renovate the West Pointe but declined to gointo specifics.
The company is on the lookout for othedr investment opportunities in the Pittsburgh areaas well, he Pittsburgh-area apartment buildings, which continue to be one of the brightg spots in a dismal markett for commercial real estate, are a notoriouslyy steady asset class and have showbn resilience in the recent downturn. “It is a very stablw property type,” said Nick Matt, managinv director with Downtown-based commercial mortgage bankert Holliday FenoglioFowler LP, whicyh helped sell the Club at North Hillsa property to Morgan Management.
Financing for most othet commercial real estateassets — officwe buildings, hotels, retail — has shrunk considerably sincse the start of the credit crunch in the summef of 2007. But Matt said a major reasohn forapartment properties’ strength in the downtur is that and , now fully owne government entities after their takeover last continue to lend in the multifamily “You can still obtain maximum non-recourse leverager on apartments through Fannie Mae and Freddie he said.
Still, in some such as the southern and western parts ofthe country, developers may have built too many apartmenyt buildings, along with single family and those markets have suffered, Matt In other markets, apartment developers have run into troublwe where loans were made based on aggressive revenue That hasn’t been the case in Pittsburgh. The multifamilyy market outperformed ever other majofr metro area in the nation witha 2.7 percent vacancy rate in the third quarter of according to a market repor t from Torto Wheaton Research.
“Iu believe that our market was so much more stabls than otherhousing markets, because we didn’t have the developmeny that other markets did in the boom years,” said John vice president with North Versailles-based , which owns apartmentz throughout the Mon Valley. “We don’t have too many new buildings.” Katz said Pittsburgh rentz are more affordable and the region did not experiences the condo craze to the same extent as othe parts ofthe country. Many condos that failedf to sell have reverted to rentals and are directlg competing againexisting apartments. “We didn’t have the condpo growth,” Katz said.
“In other communities that hadcondo growth, those are now competing with
Thursday, November 11, 2010
Bunge building Washington grain terminal - Pittsburgh Business Times:
Called EGT Development, the project will be the firsf export terminal built in the United States in more than two The terminal will be capable of handling oilseeds and protein meals and featurre a rail loop track unloading system capable of holdinghfour 110-car trains. ITOCHU is the secon d largest marketer of grain and food products in and STX Pan Ocean of Korea shipxagricultural products. Bunge has oilseed processingg assetsin China, an ownership stakw in the Phu My port in Vietnam and is a significant seller into the Asian market.
Bunged is the majority partner in the The grain terminal will create about 50 jobs and providreabout $2 million in tax revenue, said Bailey Ragan, vice president and general manager of Bungwe Grain. Construction will begin this month with the facilitu accepting product for the fall2011 harvest. St. Louis-based Bungse North America, the North American operatintg arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingrediengt company that operates grain elevators, grainm and oilseed processing plants, refineries and food processing facilitiese in the U.S., Canadsa and Mexico. Alberto Weisser is chairmann and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bunge North America.
Wednesday, November 10, 2010
Sales of imported ros wines leap 42 percent - The Business Journal of Milwaukee:
U.S. retail sales of imported rosé winesd leapt 42 percent in the 52 week periof endingApril 4, compare with a less-than-5-percent increases in totalk sales of table wines during the same according to data cited by the . The Frenchy wine council, known in France as Conseil Interprofessionnek des Vins de Provence or said Monday the steep rise in consumption is consistent with an earlier study by International Wine & Spirit Record predicting that consumptio of the popular pinkish wines worldwide will jump from 565 million bottlesa to 620 million by 2012. Not surprisingly, the CIVP expects the growinh thirst forimported rosé wines in the U.S.
markeyt will bode well for particularly its Provencewine region. The French producs 28 percent ofworldwide rosé winees by volume, making it the leaderr in the category, according to the wine which represents 700 Provence wineries and 55 local trading Provence produces 38 percent of France’s the group reported. Nielsen figures revealed that2008 U.S. sales of table wines priced at $6 per bottle or more jumpedr 24.9 percent by price and 22.4 percent by despite a weakening economy.
Tuesday, November 9, 2010
Nestle recalls refrigerated cookie dough - South Florida Business Journal:
Nestle said Friday it has and will continuwe to cooperate with the FDA and CDC in the The products involved in the recall includd all varieties of Nestl e Toll House refrigerated CookieBar Dough, Cookie Doughy Tub, Cookie Dough Tube, Limited Edition Cookire Dough items, Seasonal Cookie Dough and Ultimatesa Cookie Bar Dough. No other Nestl Toll House products are part ofthe recall, including alreadhy baked Toll House cookies purchased outside the all varieties of Nestle Toll House morsels, chocolate baking or cocoa, and Dreyer's and Edy' ice cream products with Nestle Toll Housr cookie dough ingredients.
Consumers should return suspecte d contaminated products to their locak grocer for afull refund. They also can call Nestls Consumer Servicesat 1-800-559-5025 or visit Nestle’sd Web site at www.verybestbaking.com. Nestler also emphasized, echoing its products’ warning labels, that its refrigeratefd cookie dough should neve beeaten raw.
Sunday, November 7, 2010
Audit of State Fund outlines lack of financial controls - Sacramento Business Journal:
The "top-to-bottom" review of San Francisco-based Statde Fund, the state's largest workers' compensation "revealed what we expected -- serious structural and operational California Insurance Commissioner Steve Poizner said in astatemeng Tuesday. "Fortunately, we have identified important issues, communicatede our recommendations, and we expect that the States Fund will continue to work to makenecessary reforms." Poizner notesd that State Fund already has taken, or committed to corrective actions on many of the issuee uncovered during the DOI'zs eight-month investigation.
The audit made 110 all told, many of which were previously identifiecd byState Fund's boarde of directors as requiring action, according to the Regulatory scrutiny of State Fund began earlyh this year, culminating in the termination of formedr president James Tudor and former vice president Reneed Koren in March. A new Janet Frank, took office in and has promised to make many of the changees regulators have recommended or Many of those reforms were put in place after interinm president Larry Mulryan was appointed inlate March, includinyg creating a board audit committee to directly overses the company's internal audit department. In a separate Dec.
11 statement by State Fund, Frank said the company welcomer theregulatory report, and has been making progressw for more than a year on cleaning up the problemxs outlined in the audit. "Although State Fund has undergonetransformative change, it is clead we must remain committed to this path," she said. "We recognize there have been problems, but are pleased to have turnes a significant corner on this difficult period as we move Frank called the auditrepor "a clear roadmap" as State Fund works to bring efficiency, transparency and accountability to its operations.
Statd Fund's board of directorws "lacks sufficient resources to provide the oversight necessarg for an insurerof (its) size and Its management structure "is inadequate," and lacks key positionw such as a chief financial chief operating officer, chief information officere and chief investment officer. Potential conflictw of interest involving two formetboard members, involving the payment of more than $500 million in "groupo association administration fees" from 1997 through January 2007. Lack of controlsd over material expenditures andIT systems. Regulators said State Fund paid $19.
5 million in penalties betweenb January and July of this year because of late payment s on medical andindemnityh bills, indicating that many injured workers facer delays in having their medical care paid for. The audit also identifiedd a number of other including overreliance on outside IT inappropriate access into IT systemzby low-level employees, payment of invoices withouy proper purchase orders or and numerous other fiscal and managementr deficiencies. The company's board of directors started an independenf investigation last year into payments made to its Group Associationm Programs and into related problems involvinvginternal controls.
That investigation was augmentexd in late July by an ongoing investigation by the CaliforniawHighway Patrol, Department of Insurance and San Franciscok district attorney's office. That probe involves "potential criminal misconduct byforme employees," according to the DOI's statement Tuesday. "There is wide agreemenyt amongthe department, Stated Fund's management and the board of about the nature of the shortcomingzs in State Fund's operations and what needs to be done to remedy them, the company said.
Some such as addition of a CFO, chief operating office and other senior officials and augmenting the size of its boarr will require legislative officials noted, due to State Fund's unique statux as a quasi-public insurance company -- part public agency, part privatre company. Jeanne Cain, State Fund's chair, asked Tuesdayy for support from Poizner's office and othedr policymakers to help on thelegislative front, and voiced her support for the audit's recommendations. "Wed have been moving in this direction for quite some time and will remain committedd to doing so until the job is Cain said.
"We have great confidence in Janet Frank's abilityy and resolve to continueState Fund' transformation." Poizner, meanwhile, emphasized that State Fund'w fiscal health is "integral to ensuring a healthhy and competitive workers' compensation marketplace" in and said the agency will continue to work with the companuy and monitor its activities.
Saturday, November 6, 2010
World Telecom Exchange opens HQ in Tysons - Business First of Buffalo:
World Telecom opened a 2,000-square-foot office recently at 8201 Greensborop Drive, a 361,000-square-foot commercial building in McLeann ownedby D.C.-based B.F. Saul and Co. The company, a wholly-ownedr subsidiary of Worldwide Telecom Xchanger CarrierFZ LLC, a Dubai-based telecommunications investment company focused on aggregatingv wholesale telephony and data traffic in emerging markets, is a networko services company that provides sales and marketing, billingt and outsourced technical support services. To start, abouty six employees will be based at the new headquarters with room forfurtherd expansion.
World Telecom’s services include call routing, satellite Voice over InternetProtocol (VoIP), TDM code division multiple access (CDMA), WiMa and network management outsourcing. “WTXC’s success illustratees that our region remainas a great place to start and grow a saidMike Norris, a vice president at Rockville-based Scheet Partners Inc., who brokered the lease. “Anc the commercial real estate market is yieldingb opportunities for business ownersthat haven’ft existed since the early part of the Scheer Partners broker Ben Heller, who also workes on the deal, added that the company “evaluated a handfuo of locations in McLean and Vienna...
deciding on 8201 Greensborp Drive forseveral reasons,” that includecd its location, “a very fair market deal” and otheer appealing terms such as a “good cure periodf on defaults.”
Thursday, November 4, 2010
Palm Beach County clerk cuts 66 employees - Business First of Louisville:
million, or 18 percent, reduction in the office’s budgegt by July 1, countyg clerk Sharon Bock said in anews release. The cuts are expectee to “significantly impact service levels atthe Clerk’s seveb Palm Beach County locations,” she noted in the release. The requiredd staff cuts leave the office with fewerf people to pursue and collect million s of dollars in unpaid traffic andcourf fees, which will lead to more budget “It’s a vicious cycle designed to underfun us into extinction,” she said.
Thirty-twk employees accepted a buyout offer this month and will leave June 30 with a full payoutr on theirsick leave, rather than the normal 25 percent to 50 percentt offered under current termination policies. On May 29, an additionj 34 employees were told during staf meetings that they were beinglaid off, effective June 12. They will receive four weeksa of pay. With these layoffz and the positionspreviously eliminated, the office has cut 101 positionds -- 16 percent of management positions and 12 percent of hourlyt positions -- in the past year. The Clerk & Comptroller’s which employs more than 800 in officees throughout Palm Beach handles the business arm of thecourf system.
Employees receive, file and retrieve court documents, proceses fees and traffic fines, and enter and maintain case information inthe court’s computetr system.
Wednesday, November 3, 2010
Privacy study shows Google
Using trackers called “web bugs,” thirdc parties collect user data from many populafWeb sites, and sites often allowa this, even though theier privacy policies say they don’ share user data with others. “Webg bugs from Google and its subsidiaries were found on 92 of the top 100 Web sitexs and 88 percent of theapproximately 400,000 uniqu domains examined in the the authors found. Sites with the most web bugs were forblogging — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itselcf was No. 3. Ashkan Soltani, Travis Pinnick and Joshuwa Gomez ofthe university’s information schoool wrote the study, published Monday.
They analyzed privacy policies poste d on Web sites and found loopholes used by many site operatorse to allow third parties to collect data on whoviews pages. They also for example, that though Web sites might reassure visitorsthat “we don’t share data with third parties,” those third parties don’t include a company’s affiliates — Google GOOG), for example, has 137 subsidiary “The law on affiliate sharing generally is more permissive” than that on sharinhg user data with third partuy companies, the report said.
Companies controllinyg the top 50 busiesr Web sites had an average of 297affiliatex each, meaning they could share user data with a lot of othetr companies. Popular site , for example, is ownexd by New York’s (Nasdaq: NWS), whic h has more than 1,500 (NYSE: BAC) in Charlotte, N.C. has more than 2,309 subsidiaries. “Users do not know and cannot learn the full rangw of affiliates with which websites maysharde information,” the report said.
Though many Internetg users are familiarwith “cookies” used to studyh their surfing habits, they are less familiar with so-calledr “web bugs,” which can’t be cleare d out of a web browseer because they are part of a Web site’ s HTML code. Because the web bugs are created directlt bythird parties, their use doesn’t strictly count as of data by the Web site’z owner, though users concerned about privacy mighgt be unimpressed by this technicality. “We believer that this practicecontravenes expectations; it makes little sense to disclaim formal information but allow functionally equivalent tracking with third the report said.
Who's in charge of privacy Although surveys of Internet users show peopleare “vert concerned about privacy and do not want websites to collect and sharer their personal information without permission,” siftingy through privacy policies is not practical. It would take 200 hours a year for a typical perso to read the privacy policies of all the Web sitedsthey visit, for example. Thus “users have no practical way of knowing with whom their data will be On thepolicy front, the reportg finds “no one knows who is in chargee of protecting privacy” in the United People can complain to the Federal Trade Commission and other agencies, but even the FTC’ s “principles for behavioral tracking make no mention of any enforcement or A low number of complaints to various agencies means consumers don’r really know where to complain, the reporf said.
The FTC looksw at online privacy more in terms of doneto consumers, the report said, rather than also in termz of control over personal information, whicnh is what most users care The report makes several suggestions for improvement, including more aggressiv e action by the FTC to protect online privacy. It also callsd for clearer privacy policiez onWeb sites, written so that average users can understanx them. ’s (Nasdaq: ADBE) privacy for example, when analyzed for readability, was written at an equivalent grades levelof 17.29. The average privacy policy in the studyu was written at a grade level of The full study can befoune .
Monday, November 1, 2010
Extended Stay Hotels files Chapter 11 - Pittsburgh Business Times:
The Spartanburg, S.C.-based companyt filed the reorganization petition in New Yorkbankruptcuy court, Secretary and General Counsel Joseph Teichma n writing that Extended Stay had about $7.1 billionb in assets and $7.6 billioh in liabilities at the end of 2008. Extended whose more than 680 properties are managee byHVM LLC, has eight Central Ohio sites, including thos e near the Mall at Tuttles Crossing, Polaris Fashion Place and Easton Town The company bills itselft as the largest operator of mid-pricer extended-stay hotels in the nation.
Teichmahn in a court filingv on Monday wrote that the companyu sought protection from creditors amid a generalo downturn in the hospitality industry and a hit takeh as fewer potential customers needthe company’s “Since the typical Extended Stay customerd seeks a lengthy stay based on commercial the contraction of construction and new businesss development began to significantly and adversely affected Extended Stay’as revenue stream,” Teichman The company said its average revenue per room droppef about 23 percent in the first five months of the year compares with the same period of 2008.
As a result, it was unabl e to deal with its debt burden with cash flow and is seekinyga “comprehensive restructuring of the entire capitak structure.” Extended Stay said it plans to run operatione following the Chapter 11 petition undedr a lender-approved arrangement using cash collateral. Debtor-in-possessiohn financing won’t be needed, the company said. About 9,90o employees work in hotels operated byExtendef Stay. The company is in 44 states and hasaboutr 77,000 rooms.
Sunday, October 31, 2010
Maximus wins $49M child support privatization contract - Washington Business Journal:
The Human Services North America Divisio nof Reston-based Maximus (NYSE: MMS) will provide a broad rangwe of child support enforcement services including location and establishmenyt of paternity, support orders, medical support orders, interstatwe case processing services, and custome service. The effort is the largest privatizatioh contract for child support enforcement services inthe "This latest contract award further validates our long-standinfg presence in our core health human serviceas market as the preferred provider of specialized child support said Maximus CEO Richard Montoni, in a To ensure that all children receivse support from both child support enforcement agencies partner with Maximuws to locate non-custodial parents, establish paternity and supporrt orders, and enforce support payments to
Friday, October 29, 2010
Mortgage approvals remained static in September - Mortgage Strategy
Telegraph.co.uk | Mortgage approvals remained static in September Mortgage Strategy The number of mortgage approvals for house purchase remained static at 47474 in September, compared to 47498 in August, the latest figures from the Bank of ... Housing dip feared as mortgage approvals st » |
Thursday, October 28, 2010
Bon-Ton
percent from August 2007 and total sales for August weredown 9.3 percengt from a year ago. Bon-To (NASDAQ: BONT) said Thursday that sales for the four weeks endec August 30were $207.1 million, comparex with $228.3 million for the prior Year-to-date total sales were $1.58 billion compare with $1.67 billion for the same periofd last year. “August results were negatively impacted by the continuedr weakness in customer traffic as well as a reduced level of clearanc merchandise inour assortment,” said Tony Bon-Ton’s Milwaukee-based vice chairman and president of merchandising.
“With continuedc macroeconomic pressures affecting those regions in whicuwe operate, we believe that our custome is buying closer to Buccina said Bon-Ton’s business did improve in the finap week of August, but the retailer’ss executives will get a better measurse of fall trends when they review September The best-performing categories for August were cosmetics and accessories. Bon-Ton’s weakest-performing categoriesz were furniture, ladies’ and men’s Buccina said Bon-Ton executiveds are pleased with the initial saled of its newlines -- Victor Alfaro, Evan-Picone and Relativity Career. Bon-Tonh Stores, which is based in Pa.
, operates 280 stores, includingf 12 furniture galleries, under the Bergner’s, Boston Store, Carson Piriwe Scott, Elder-Beerman, Herberger’s and Younkers nameplates and, underf the Parisian nameplate, three stores in the Detroit
Tuesday, October 26, 2010
How State Lists Of Health Conditions Can Help Insurance Seekers - NPR (blog)
Washington Post | How State Lists Of Health Conditions Can Help Insurance Seekers NPR (blog) The special health plans that were created under the overhaul law for people with preexisting medical conditions are up and running now. ... hk-preexisting-condition-insurance-slow |
Monday, October 25, 2010
Aid agencies work to contain Haiti cholera outbreak - CTV.ca
CBC.ca | Aid agencies work to contain Haiti cholera outbreak CTV.ca The outbreak has been largely contained in the Artibonite region north of Port-au-Prince, but at least five people who had the disease travelled from the ... Haiti cholera can be contained, aid workers hope In Haiti, efforts to contain cholera outbreak intesify Cholera In Haiti Appears Contained, Says Foreign Minister |
Saturday, October 23, 2010
SJ Mercury workers reach tentative contract deal, includes 9% in pay cuts - Dayton Business Journal:
An additional 2 percent cut in pay would take effectyin January. The Medisa Workers Guild represents 257 MercuryNews employees, including aboutr 130 in editorial jobs and 127 in advertising, finance and support positions. A ratification meeting to discussz and vote on the proposesd contract is scheduled for Monday If approved, it would last 18 months, expiringv Nov. 30, 2010. Other concessions include reducee vacation accruals and the relocation ofthe Merc’s copy desk to Walnur Creek, where MediaNews’ is based. It owns the Mercury News and 11 othetr daily papers inthe region, whichu include virtually all of the daily papers in the Bay Area except the and .
“Thixs contract settlement represents our best efforts atprotectingh workers, jobs and quality at the Mercury News,” the Guild’s San Francisco-based Local 39521 said in a “It is not something that we recommene lightly.” Mac Tully, the Mercury publisher and president, could not immediately be reacherd for comment about the tentativew agreement. The deal would also permit management to require up to five furlougy daysin 2010, move remaining circulation and finance jobs to the Bay Area News Group’x shared services center in San Ramon, consolidate advertising functionsa in the East Bay and San hire commission-only sales representatives to develop new and win some additionalo subcontracting rights, according to the Guild.
The contractr negotiations have taken place during grim times fordaily newspapers. Several major papers have folded inrecenf months, including the and the print version of the , and many major metropolitab papers, including the San Francisco , , and face daunting financial
Friday, October 22, 2010
N.Y. attorney general ends BofA probe - Tampa Bay Business Journal:
Cuomo said the banks have and will continue to provide liquidityto investors. In October, agrees to buy back as much as $4.7 billion in auction-ratew securities it sold to about 5,500 investors, small businesse and small charities before the market collapser inFebruary 2008. According to the , the settlement also requirexd BofAto “use its best to provide up to $5 billiojn in liquidity to businesses and institutional investors with accountsw valued at $15 million or and charities with accounts valued at $25 million or The agreement resolved allegations that securities dealers made misrepresentations abouft the safety and liquidity of auction-rate securities to customers during sales.
Auction-rate securities have interest rates that are reset at weeklhy or monthly auctions run byinvestment firms. The $330 billiobn market collapsed last year, when investorsa became alarmed at the prospects of the ability of corporatre borrowers covering debt service on the Many were left with securities they couldf not sell intothe Charlotte, N.C.-based BofA (NYSE: BAC) neitherr admitted nor denied wrongdoing. The SEC also has finalized a settlemen t with BofA overthe securities. The bank has $15.25 billionm in deposits with 158 offices inTampa Bay, and its 20 percenft market share ranks No. 1 in the region, accordin to the latest FDIC numbers.
Wednesday, October 20, 2010
Texas Gmax Results Reiterate Safety of FieldTurf - PR Web (press release)
PR Web (press release) | Texas Gmax Results Reiterate Safety of FieldTurf PR Web (press release) Athletes require a surface which delivers proper traction for performance, and cushion for safety. Recent concerns over the hardness of a competing turf ... |
Tuesday, October 19, 2010
Downturn inspires city
From the private efforts of the to the publiclh funded PortlandDevelopment Commission, the city’a affordable housing community is setting higherd goals as the economy squeezesa more out of home “(There are too) few opportunities in today’s especially when you’re talking abouft a home large enough for a family,” said Jesswe Beason, executive director of Portland Community Land “They don’t fit in a one-bedroo condo for $130,000 to $140,000.” Between 1990 and 2008, median familgy income in Portland increased 82 percent from $37,10o0 to $67,500, according to the Portlandf Development Commission.
The median home priced jumped more than 250 percent inthat time, puttingb affordable housing out of reacu of more Oregonians. The median home price is now upfrom $79,700 in 1990. The reportsw that there are 29 homes available for ever 100extremely low-income families in Oregon. That translates to a need for aboutr 150,000 units for low- and very low-income Falling home values and rising inventorg could be beneficial to affordablehousing developers, who just a few yearz ago depended on luck and donorsa for land. “It’s easied to get land for sure,” said John executive director of Home Ownership a Street at aTime (HOST) Development Inc.
The organization hasn’g taken advantage of the markett yet. Steve Messinetti, executive director of , which recentlgy merged with a separate affiliatre inMount Hood, also said market conditions are bette r for banking land. Statewide, Habitat’s 34 affiliates have constructede750 homes, which are sold at cost to low-incomwe buyers. It wants to hit 1,000 home by 2010. “There’d a hurricane every day and a tsunami ever day in our citiesw in terms of people struggling with poverty and affordable Messinetti said. also is developinyg affordable housing.
Charged with promoting home ownershiopamong low-income and minority the agency is issuing more mortgages, providing down payment assistance and, new this a mortgage credit that turns mortgage interest into a tax crediyt and reduces the cost to borrow The program began in June and already has approved sevehn applications. The agency wrote 41 mortgages for the year that just up from 14 theprevious year. Portlandd Community Land Trust, which sells houses but not the land theysit on, is lookingh at the down market as an opportunity to buy land. It’s also launched its first condominiumk project, which should be done in early 2009.
The company’s approach takes $75,000 to $100,000p off the price of a home by insulating buyers from soaringland values. Buyers benefit from the lower price and a break onpropertyy taxes. HOST is working on Helensview, a 52-home sustainablr subdivision inNortheast Portland. Ten of the 18 units in constructiojn in the first phase have sold for prices rangingfrom $180,0000 to $220,000. The nonprofit wantd clients to build wealth throughhome appreciation, Mille r said. It recently sold its 350th home and serves familied earning 70 percent to 100 percentof Portland’ median income.
It keeps costs down with a program that waives system development chargesfor low-income housing, whicuh shaves about $12,000 off the purchase It focuses on neighborhoodsw that qualify for property tax abatements.
Sunday, October 17, 2010
LA County sends 4763 rape kits out for testing - Los Angeles Times
Los Angeles Times | LA County sends 4763 rape kits out for testing Los Angeles Times The Sheriff's Department had been working for two years to eliminate the huge backlog of rape kits. Testing should be complete in June 2011, ... |
Saturday, October 16, 2010
PRESIDENT YUDHOYONO BACK TO JAKARTA FROM WASIOR - GroundReport
ABC Online | PRESIDENT YUDHOYONO BACK TO JAKARTA FROM WASIOR GroundReport Jakarta - Indonesia, (Friday, October 15, 2010) President Susilo Bambang Yudhoyono (SBY) and First Lady Ani Yudhoyono ... Indonesian civil servants stumble over unusual test President Arrives in Wasior under Tight Security Wasior Floods Not Due to Logging: SBY |
Thursday, October 14, 2010
Orinda, Octagon plan loft/retail conversion - Washington Business Journal:
Atlanta-based and Charlotteville, Va.-based reported their plans for the properthy at 222Mitchell Street, but they did not disclose financial termz of the deal. The 350,000-square-foot structure was built in stagess from 1929 to 1979on 2.1 acres and occupiesd the entire city block bounded by Spring, Forsyth, Mitchelo and Nelson Streets. Orinda and Octagon will conver t the property into a rental building with 205 loft unitd and morethan 70,000 square feet of commercial Occupancy is expected in Januaryy 2011.
“The redevelopment of 222 Mitchell Streeyt into rental lofts and retail space will play a significanyt role in the rebirth of this part ofdowntownb Atlanta,” said Dillon Baynes, president of Orinda, in a “We’re certain that living at 222 Mitchell Street will appeal to younv professionals who work downtown, as well as to college especially those who already attend one of the many fine institutionxs in the area, such as Georgia State University, Morehouse, Clark Atlanta University and Georgia
Wednesday, October 13, 2010
W.L. Gore to hire engineering, production workers - Phoenix Business Journal:
Newark, Del.-based Gore has about 2,000 workersx in Arizona with operations in Flagstaff and the Deer Valley area of Gore spokeswoman Barbara Pizzala would not say how many workers the companyis hiring, but said it is starting to acceprt applications for a numbee of positions including medicall device engineering, manufacturing and R&D. Gore makexs a myriad of products including industria l andconsumer fabrics, fiber optic and copper filtration systems, medical equipment and compounds, and components used by the pharmaceuticap industry. Gore’s medical device divisions develop andmanufacture surgical, vasculaer and orthopedic equipment.
Pizzala said Gore alread is hiring for a few positionsw in Phoenix and will be ramping up new hire but declined to givea timetable. W.L. Gore is knownn for its Gore-Tex fabrid used for clothing and thenew fabric-based retractable covetr that was installed at center courg for this year’s Wimbledonh Tennis Championships in London. The company’ Deer Valley center is located near Interstat e 17 and Carefree Highwag innorth Phoenix.
Monday, October 11, 2010
South Florida Boat Show soldiers on - Portland Business Journal:
The show, promoted by Pompank Beach-based , is a much smalletr cousin to the Fort Lauderdale and Miami internationa lboat shows, Marine Industries Unlimited owner Brad Michae l said. “We’re a niche show. We don’t try to be an internationaol show,” he said. “We have the boats that are 90 percent of whatAmericas buys.” Held at the , this year’s show will featurr boats from about 75 Michael said. The vessels on display are all powerboats undee40 feet. About 85 percent of the boatxs cost lessthan $200,000, he noted. The 250 boatz on display are a drop from the 350 boatsa typically atthe show.
The numbedr of registered exhibitors is down abouf35 percent, too, Michael said. The show comes as the marin industry has taken a battering from the For the 12 months ended in registrations ofnew 18-foot to 40-foot boats fell 46 percenyt from the prior-year period, according to data from , a Miami-basee marine industry research firm. “It’s hard to be to optimistixc about the year in lookingat what’s happenedf in 2009 so far,” Info-Link co-owner Jesse Wellsz said. Wells pointed to the recen t bankruptcyof Minneapolis-based boat manufacturer , the nation’s second-largest boat as more proof of the industry’ds stress.
Still, recent data shows that used boat registrations are generally picking up – a glimmer of hope that the industr y may be bouncing off the bottom, Wells said. As a Michael said he sold threew boats in the last month afterr failing to sell any the firsf four months ofthe year. “Ihn January, February and March, nobody knew wherre the bottom was,” he said. Fran k Herhold, executive director of the , said dealerws are telling him that sales arepicking up. Financing, lockeed up since last fall, is becominyg available for those who are credi worthy and can put substantialmoney “Like every other industry, we’re taking our Herhold said.
“I see a lightg at the end of the tunnel.”
Sunday, October 10, 2010
Trespassers & Trespasses - Press-Enterprise
Trespassers & Trespasses Press-Enterprise The riverbottom homeless are trespassers. Some may buy or sell drugs. Some may shoot or get shot. Some are off their meds. ... |
Friday, October 8, 2010
Rogers Conducting LTE Trial Run - Zacks.com
Broadcast Engineering | Rogers Conducting LTE Trial Run Zacks.com The company is conducting LTE trials using the network infrastructure of LM Ericsson AB (ERIC - Analyst Report). Rogers is using the AWS spectrum for this ... Rogers, Bell trialing LTE 4G in Canada Bell ahead of Rogers in LTE tri » |
Thursday, October 7, 2010
Hotels get creative as economy lags - Phoenix Business Journal:
One thing they are doing as they wait it out is strengtheninv their relationships withmeeting planners. According to Smith Travek Research, hotel occupancy in the Valley wasdown 10.6 percen t in March from the same month last People also are spending less on average, almost 30 percent less than the same time last year acrosa the Valley. “It is bad. Phoenic is a special example, becauser there are a lot of new rooms. A lot of new hotel have opened, and that also has hurt occupancy,” says Jan senior vice president of the global consulting andresearch firm.
The openinbg of the 1,000-room , the 290-room & Spa in Paradisre Valley and other Valley hotels in the past year have dilutedoccupancy rates, industry officials say. In business and corporate travelers are sensitivsto perception, Frei-tag says. “People are hesitant to go to really niceresorts — and in all of your resorts are really nice,” he “In this economy, when companies need to cut the first things that go are travel and training.” But Vallegy hoteliers are using the time to reach out to meetinh planners and develop new businesd leads. “We are really trying to partnerewith them.
While it’s tough times, we are making adjustments,” says Chrisz Kerr, director of sales and marketing atthe . Kerr’s team is workin g with planners to creats trips thatare value-oriented, adjusting food and beverage prices with the goal of making the evengt more attractive to potential attendees, he At the in Phoenix, Sales Director David Richared says his team is trying to provide more all-inclusivew packages to customize meetings, including on-sitde dining packages and more cost-effectivr audio-visual offerings.
Moreover, his staff is lookin more at the technical and biomedical industries forpotential “We have redeployed our sales forced into these group markets,” Richard “Companies still need to have meetings, but they may be cuttinbg out some of the add-ons.” Even Sedona’e Enchantment Resort is seeing some fallout as groupse cut back. “We usually stay in high seaso a bit longer than metro Phoenix because of the But it’s definitely been slower, and we have seen some says Tina Newman, the resort’s director of sales and She stresses the importance of establishing connection during the downtime.
“Our relationships with meeting planners has increased quitera bit. There’s a lot of time for for discussion,” she says. Investing that kind of time iswortjh it, for her property and others. “Group businesa is extremely important to us because it provides a base of she says. Kerr adds that hoteliers also are targeting a more local markert and identifying those that already may be familiarr withthe Valley.
Wednesday, October 6, 2010
Wendy
The Dublin-based fast-food chain, part of Wendy’s/ , said puttinyg the account up for review was the latesty step ina “comprehensive turnaround plan” for its brandx following the company’s acquisition in It said it will first pick a lead agency to integrate advertising, media planning, digital and other and then focus on multicultural marketing, media buying and public relationds efforts.
“We’ve completed a rigorous analysis ofthe Wendy’es brand that included extensive consumer and marketg research,” Wendy’s Chief Marketinfg Officer Ken Calwell said in a “Now that we have a clear brande strategy in place and a brand book to guide our the timing is right for us to significantly improves how we communicate the Wendy’s message to Wendy’s said its current agency of LLC, will take part in the process. The New York agencu has been behind thehamburger chain’s “Waaaay Better Than Fast ad push, launched in early 2008.
Calwell credited that campaign with helpinh to stabilize sales trends andimprove branding, awareness and Wendy’s turned to Kirshenbaum aftere pulling the plug on its “That’x Right” campaign in January 2008. That eight-montg effort was notable and criticized in somequarterzs – for the variou pitchmen who donned red wigs and pleaded with consumerx to choose Wendy’s over competitors. The company said the campaign generated attentionj forthe brand, but that attention was not translatinh into sales. Calwell was hired to lead Wendy’s marketing effortss in July last year.
A vice presiden t for new product marketing, researcb and planning with the company from 1998 to herejoined Wendy’s after a stint as marketingg chief at (NYSE:DPZ). Atlanta-based Wendy’s/Arby’s (NYSE: WEN), the third-largest quick-serviced restaurant chain in the nation, has more than 10,000 restaurants. The company last year lost $479.7 million on $1.8w2 billion in revenue. It’s first quarter loss was $10.9 million.
Monday, October 4, 2010
New comedy club will open at Mall of America - Minneapolis / St. Paul Business Journal:
The comedy club will feature a 6,000-square-foot theater with seatinfg capacity for approximately350 people. It also will include R Burger Bar, a restauranr featuring built-to-suit burgers and a full bar. House of Comedy will be open Tuesdaythroughb Sunday. Tuesday will be “Hit or Miss” open-mic night, while Wednesday through Sundahy will feature national touring OwnerRick Bronson, a comedian and former Travelk Channel host, also owns a comedy club callefd The Comic Strip at West Edmonton the largest shopping center in “We’re thrilled about the House of Comedyu opening this summer at Mall of said Maureen Bausch, vice president of busineszs development at Mall of America, in a “The House of Comedy will make an exceptionalo addition to the fourth floor.
” The comed club is latest step in the mall’sd efforts to revamp its strugglingh fourth floor, where the only other tenantss are a 14-screen movie theater, a Hooters restaurantf and the Corona-themed bar Cantina #1 that opene d last summer. A number of fourth-floor bars and restaurants closed earlierthis decade, includinv Knuckleheads Comedy Club, Jillian's, Fat Players Bar & Grill and America's Originall Sports Bar.
Sunday, October 3, 2010
Plug, starved for cash, puts property on sale for $10 million - The Business Review (Albany):
Plug (Nasdaq: PLUG), which postedx a $121.7 million loss last year, is selling the 34-acre propertyh to generate cash for operating expenses and a move toward saidCathy Yudzevich, Plug’s manager of investor relations. “Thisw is a way to improve our workingcapitap position,” she said Plug owns the site at 968 Albanyh Shaker Road, which includesz three buildings in 138,000 squares feet of space. The company has occupied the locatiohn since Plug was foundedin 1997. Staff at Plug has been reduced by 75 percent from its peak of 500 a decade ago. The company consolidated its operations to two buildingz at the beginning of this Yudzevich said.
Plug laid off about one-third of its employees in December, bringing the company’s work forced to 125 from 208. It was the secone round of layoffs for the companyin 2008. The first was in June, when 80 peoples were let go. “Wer don’t need this amount of space at this poinyin time,” she said. The move is not expectedr to disrupt operations. Plug Power makew fuel cells for heavy-liftf trucks and telecommunications towers. It is developinh a product for residentialenergy use, but that device is severa l years away from commercialization. Eileen Lindburg, broker at , said the propertyy will be sold as asingle unit.
The real estates company was also hired to find property for Plug Powerto Ideally, the fuel-cell developer would like to remaib on the site and lease spacee from the new owner, Yudzevich The property is not in an Empire Zone and does not receive any specia exemptions. The town of Colonie lists the parcel’s assessmeng at $8.9 million. Property taxes for 2008 were $21,227.54. Schook taxes for 2008-09, which were paid to the Niskayuns CentralSchool District, were $222,615. Yudzevich said a lease arrangement is expecte d to cost less than the annual taxes and general maintenance ofthe property.
One of the goalas for 2009 recently outlined by CEO Andy Marshb was reducing operating expenses toundefr $37 million. Operating expenses in 2008 were $56.6 million. pallen@bizjournals.com | 518-640-6812 To commenrt on this story, and to get the latest updates andbreakingb news, go to albany.bizjournals.com.
Friday, October 1, 2010
Fins, Jets have it covered with less pressure - ESPN (blog)
Fins, Jets have it covered with less pressure ESPN (blog) One of the popular ways defenses like to force quarterbacks into mistakes is to harass them with extra pass-rushers. But two AFC East defenses ... |
Thursday, September 30, 2010
Albert's Organics to open food distribution facility in Charlotte - Charlotte Business Journal:
On Sept. 14, will open its 43,290-square-foog center at Logistics PointseDistribution Center, once the home to supermarket chain Winn-Dixie’s regional warehousw operations. The facility features freezer and cooler space plusa 4,500-square-foot The company will invest more than $2 millionb in improvements at 11922 Generalk Drive, employing more than 50 construction workers during a five-mont h buildout. The Charlotte location fills a hole in servicedfor Albert’s, which has centers in Rocklin and Vernon, Calif.; Aurora, Colo.; Mounds View, Minn.; Chesterfield, Bridgeport, N.J.; and Sarasota, Fla.
Company spokesmanh Simcha Weinsteinsays Albert’s will now be able to ship good s as often as five timez per week to customersx in seven states, up from once or twice a “Our center in Bridgeport outside Philadelphia was just a littls too far north, and our Sarasotas center was just a little too far south,” Weinsteinn says. Fuel expenses and truck emissionse are critical issues forthe company, he “Sadly, one of the ways we know the economhy is improving is gas going up in The company estimates its truck fleetg will travel at least 400,000 fewe r miles annually because of the Charlotte location.
Of even highef priority to the company, Albert’as says it will buy from certified organic growerxs inthe region. That openas up Carolina farmers’ accesas to the distributor’s customer base of 4,500 restaurants and natural-food stores. The number of organidc farmers in the area continuesxto grow. Last year, the attracteed a record 600 attendees at its SustainablseAgriculture Conference. The Pittsboro group had 37 Charlotte-area members in 2008, up from aboutf 15 in 2005. The estimates about 500 organic farms inthe state.
Meanwhile, Mecklenburg and Cabarrus counties are planning a community food assessment tolearn what’w grown and consumed locally, says Heidi Pruess, Mecklenburgt environmental policy administrator. Finding buyers is a key Many turn tofarmer markets. Mecklenbur County has identified 11 within its borderws and 12 insurrounding counties. The impact of Albert’s move into Charlottde has the potential to provide a commerciall boost to agricultural efforts inthe “Will it be transformative? We certainly hope so,” Weinsteijn says. After all, company namesake Albert Lusk got his starr by selling organic produce from a streef corner in Los Angelesin 1982.
Today, Albert’s Organic s is a wholly owned subsidiary of publicly trades Weinstein says the Charlottecentef — the company’s eighth — will be its biggestt and best, custom-fitted with the latest in refrigeration The warehouse boasts areas set to five temperature zonesw and four rooms to be used solely for banana And the center comes with a new truck fleet. The spacer is bigger than what Albert’sz needs, which gives the company room to Weinstein says. “So we won’t have to go anywher e else. Charlotte is a destination poinfor us.” Albert’s has signed a long-ternm lease at Logistics Pointe.
Up to 147,94o square feet of cooler and freezer space is still available inthe Dallas-based Westmount Realty Capitakl acquired the 1.1 million-square-foot center aftedr Winn-Dixie vacated the property following its Chapter 11 bankruptcty filing in 2005. Westmount converted the single-tenant propertyu on 66.3 acres near the South Carolinqa state line into the multitenant Logistics which is also home to Precision Framing Systems. Industrial brokers Barb Jespersen and Lane Holbert of in Charlott e represented the landlord in negotiationswith Albert’s. Mike Chambersx of in Atlanta represented Albert’s.
Tuesday, September 28, 2010
Ruling on Coyotes move could come Wednesday - Boston Business Journal:
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’ws hearing as attorneys representingt Balsillie, Coyotes owner Jerry Moyes, the city of Glendale, the and otherf professional sports leagues deliveredx hours of oral arguments over bankruptcy anti-trust law, relocation and other legalk issues. Baum and the myriad of attorneys delved into obscure bankruptcy provisions and past relocations by teamzs including theOakland Raiders, San Diego Quebec Nordiques and Baltimore Colts.
Baum focusedd on whether Balsillie will have to pay the NHL a relocatiom fee on top ofhis $213 milliohn offer to buy the financially strapped Coyotesa from Phoenix trucking company owner Jerry Moyes. The relocation fee could total as muchas $100 court documents indicate. Baum appears readhy to rule that the NHL has the rights to the Hamiltonj market and if the Coyotes aremoved there, Balsillie will have to compensatew the league for loss of an expansio opportunity. The city of Glendale pressed Baum to consider legaol claims and costs that would accompany a move to That could offset an offer as lowas $140 million by partiea wanting to keep the team in city representatives said.
Glendale officials said they wouls make a claim for as muchas $500 million if the team breaks its lease at the city-owned Jobing.com Arena. Arena concessionaires Aramark Corp. also could make a claim. Moyesa and Balsillie’s attorneys arguefd that a lease claim is subjec t to various monetary caps and that the coury can discharge lease terms and penalties in ordee to maximizethe team’s value for Moyes said a decision coul come Wednesday and has urged the court to hold an auction sale for the hockey team on June 22. The NHL and Glendale say the sale should be put off until August and the league said it will finance the Coyotes into next season ifneed be.
Glendalee attorneys also pressed Baum to find out how much moneg Moyes may have taken out of the They point to the fact the Coyotes spend monety leasing private office space at Westgatwe City Center instead of usingarena offices. Moyes spokesman Steve Roman saidthe city’e speculation that Moyes is profitingy from that arrangement is false. Moyes and Westgatw developer Steve Ellman splitjoinft assets, including the Coyotes, in 2006 with Moyes taking over as team The Coyotes have lost more than $300 milliob since moving to Phoenix from Winnipeg in 1996.
Monday, September 27, 2010
ASIA FX: US Dollar Mixed, But Stays Within Morning Ranges - IMarketnews.com
IBTimes | ASIA FX: US Dollar Mixed, But Stays Within Morning Ranges IMarketnews.com "Currency markets are likely to be mixed to start the week with the risk of a correction in the weaker US dollar and risk positive tone of last week," RBS's ... Forex Trading and Foreign Currency Exchange Rates รข" Dollar Mixed |