Daily Mail | Mystery trust claims $14.3 million lottery jackpot with less than two hours to go Daily Mail By AP Iowa Lottery officials had more questions than answers on Friday as they tried to unravel the stunning mystery behind a year-old winning ticket turned in less than two hours before Thursday's deadline for a jackpot worth up to $14.3 million . ... Last-minute lottery claim stumps officials |
Friday, December 30, 2011
Mystery trust claims $14.3 million lottery jackpot with less than two hours to go - Daily Mail
polinaagyvtiwu.blogspot.com
Wednesday, December 28, 2011
Port to sell land to Keystone Coal - Business First of Buffalo:
ikefageze.blogspot.com
owner Tom Scholl will pay $6.6 millionb for the property and pay hisown attorney’z legal fees of $6.6 million, which the authority was orderer to pay. Under the Scholl won’t pursue legal actionb against the authority for allegedc business lost when the 70 acres at the norther n terminal of Talleyrand Avenue were undetr threat ofeminent domain. Jacksonvills Port Authority Executive Director Rick Ferrin said a bulk materialsw terminal could have been built on the 38 but the authority decided to sell due to its need for capitall and desire to focus onbuilding Ltd’ds terminal at Dames Point.
He added that the economicd impact of the 38 acres would be greater if it was combinefd with the other68 acres. Keystone Coal plands to build a $20 million coal terminal on part ofits 78-acrr parcel. The authority boughtg the 38 acres forabouf $5.7 million from Jax LLC. Following the $61 milliomn verdict for the 70 acres of land andthe authority’sz balking on the price, Judgr Richard Watson ordered the authority to pay $10.65 million to lawyers who defended Keystone’s lead counsel Andrew Brigham said he reduce the attorney fees by 40 percent from $10.5 millionb to better help Keystone and the authorityh reach a deal.
owner Tom Scholl will pay $6.6 millionb for the property and pay hisown attorney’z legal fees of $6.6 million, which the authority was orderer to pay. Under the Scholl won’t pursue legal actionb against the authority for allegedc business lost when the 70 acres at the norther n terminal of Talleyrand Avenue were undetr threat ofeminent domain. Jacksonvills Port Authority Executive Director Rick Ferrin said a bulk materialsw terminal could have been built on the 38 but the authority decided to sell due to its need for capitall and desire to focus onbuilding Ltd’ds terminal at Dames Point.
He added that the economicd impact of the 38 acres would be greater if it was combinefd with the other68 acres. Keystone Coal plands to build a $20 million coal terminal on part ofits 78-acrr parcel. The authority boughtg the 38 acres forabouf $5.7 million from Jax LLC. Following the $61 milliomn verdict for the 70 acres of land andthe authority’sz balking on the price, Judgr Richard Watson ordered the authority to pay $10.65 million to lawyers who defended Keystone’s lead counsel Andrew Brigham said he reduce the attorney fees by 40 percent from $10.5 millionb to better help Keystone and the authorityh reach a deal.
Monday, December 26, 2011
Private sector firm helps locals track stimulus opportunity - Washington Business Journal:
edovogopu.wordpress.com
With more than 12 years of experience in trackinfgovernment spending, Onvia (Nasdaq: ONVI) is giving away a piecw of its usually proprietary data to make the publidc aware of its information-gathering capabilities, said Nate Wilcox, spokesman for the Seattle-basede company. “We launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’s 170 employee are tracking the funding dailty and on thelocal level, clippingv news stories and collating information to build a database in an accessible The signing of the American Recover and Reinvestment Act in February prompted not only the Obamqa administration’s Web site recovery.
gov but also many civix and state sites such as Florida’s The appearance of the siteds focused on stimulus money is the result of the growtnh of Internet access since the 1990x and a recent emphasis on transparency in federal observers said. Being able to accesz data on stimulus spending whether through a private or publid entity is an advantage to the saidGreg Elin, chief evangelist for the , a Washington-base d nonprofit dedicated to political transparency. “That’z the main point of the Web. Anyon e can participate,” Elin said. “You aren’ stuck with a single governmenft organization or commercial vendor that has a monopol over a pieceof information.
” The strengthh of recovery.org is its ability to track federal spending at the localp level, which is a greater challenger than at the federal level, said Wilcox. Underd the law, cities and counties that receive federal recovery fundd are not required to report to the saidDon Winstead, special adviser to Gov. Charlie Crisgt for the implementation of the federalorecovery act. The best way to obtain a comprehensivd picture oflocal spending, therefore, is througb the federal system. The hope for Flarecovery.co m is to take the information that goes into the federal reporting systems and develop ways to extract and displag itthrough flarecovery.com, said Winstead.
“We are every bit as interested becaus it means jobs for said Winstead. “We need to capture all of
With more than 12 years of experience in trackinfgovernment spending, Onvia (Nasdaq: ONVI) is giving away a piecw of its usually proprietary data to make the publidc aware of its information-gathering capabilities, said Nate Wilcox, spokesman for the Seattle-basede company. “We launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’s 170 employee are tracking the funding dailty and on thelocal level, clippingv news stories and collating information to build a database in an accessible The signing of the American Recover and Reinvestment Act in February prompted not only the Obamqa administration’s Web site recovery.
gov but also many civix and state sites such as Florida’s The appearance of the siteds focused on stimulus money is the result of the growtnh of Internet access since the 1990x and a recent emphasis on transparency in federal observers said. Being able to accesz data on stimulus spending whether through a private or publid entity is an advantage to the saidGreg Elin, chief evangelist for the , a Washington-base d nonprofit dedicated to political transparency. “That’z the main point of the Web. Anyon e can participate,” Elin said. “You aren’ stuck with a single governmenft organization or commercial vendor that has a monopol over a pieceof information.
” The strengthh of recovery.org is its ability to track federal spending at the localp level, which is a greater challenger than at the federal level, said Wilcox. Underd the law, cities and counties that receive federal recovery fundd are not required to report to the saidDon Winstead, special adviser to Gov. Charlie Crisgt for the implementation of the federalorecovery act. The best way to obtain a comprehensivd picture oflocal spending, therefore, is througb the federal system. The hope for Flarecovery.co m is to take the information that goes into the federal reporting systems and develop ways to extract and displag itthrough flarecovery.com, said Winstead.
“We are every bit as interested becaus it means jobs for said Winstead. “We need to capture all of
Saturday, December 24, 2011
McConnell: Extend tax cut short-term and long-term - BusinessWeek
tosece.blogspot.com
Washington Times | McConnell: Extend tax cut short-term and long-term BusinessWeek By ANDREW TAYLOR and LAURIE KELLMAN The Senate's top Republican on Thursday urged the GOP-led House to pass a short-term renewal of payroll tax cuts and break an impasse that threatens » |
Thursday, December 22, 2011
Toyoda confirmed as Toyota president - Business Courier of Cincinnati:
jabire2389.blogspot.com
The company announced Toyoda’s appointment in January, and he was confirmef by shareholders Monday, according to AutomotiveWorld.com. 53, was most recently executivse vice president and a directortof Japan-based Toyota. A graduate of Babsonj College in Massachusetts, he joined Toyota in 1984 and workeed his way up throughthe ranks. Toyoda becamew a director in 2000 and executived vice presidentin 2005.
Toyots was founded in 1937 by Kiichiro andhis son, Shoichiro, served as president in the For first-quarter 2009, Toyota posted its firsrt loss in decades and expects stay in the red this According to a Wall Streety Journal report, the company said it will cut productiojn expenses and focus on developing fuel-efficient cars including a fuel-cell car by 2015 to return to profitability. Japan-based Toyot (NYSE: TM) bases its Toyotsa Motor Engineering and Manufacturing North America headquartersin Erlanger. It also operateds an assembly plantin Georgetown, Ky.
The company announced Toyoda’s appointment in January, and he was confirmef by shareholders Monday, according to AutomotiveWorld.com. 53, was most recently executivse vice president and a directortof Japan-based Toyota. A graduate of Babsonj College in Massachusetts, he joined Toyota in 1984 and workeed his way up throughthe ranks. Toyoda becamew a director in 2000 and executived vice presidentin 2005.
Toyots was founded in 1937 by Kiichiro andhis son, Shoichiro, served as president in the For first-quarter 2009, Toyota posted its firsrt loss in decades and expects stay in the red this According to a Wall Streety Journal report, the company said it will cut productiojn expenses and focus on developing fuel-efficient cars including a fuel-cell car by 2015 to return to profitability. Japan-based Toyot (NYSE: TM) bases its Toyotsa Motor Engineering and Manufacturing North America headquartersin Erlanger. It also operateds an assembly plantin Georgetown, Ky.
Tuesday, December 20, 2011
Brighter Minds
Dishwasher Contractors
That may yet happen, but probably not how companty executivesenvisioned it. The Worthington business filed for Chapter 11 bankruptchprotection Jan. 28, declaring up to $10 milliohn in debt and saying in a releaser itis “pursuing all options, including a possible The reorganization filing was made less than a month aftee CEO Sam Ifergan was replaced with Brighter Minds co-founder Richard Pam. Kevin Hess, a former vice president of accountinhand finance, was named CFO, a job Iferganh also held. Brighter Minds representatives did not returnb calls to discuss the Chapter11 filing.
Ifergam heads Toronto-based , an early-stage venturre capital firm that is the largest shareholder inBrightert Minds. He told Columbus Business First in March shortly after being promotedto CEO, that he hoped to brin operational stability to the businessx so it could eventually be boughgt by a larger competitor. Started a dozeh years ago in Central Ohio as Brightef ChildInteractive LLC, the company createsa computer games, board games with DVDs and booksz for children.
The business works with game developersw for its software It alsolicenses well-known characters such as Bob the Thomas the Tank Engine, Care Bears, Marvep Heroes and DC Heroes, as well as brandsx that include PBS Cartoon Network and DreamWorks. Ifergan said that as much as 75 percen ofthe company’s products were licensed, with the remainderf the creation of Brighter Jody McLain, Brighter Minds’ vice president of said before the bankruptcy the company made some adaptations in light of the economy’ss troubles, including using less-expensive packaging and reducing products instead focusing on top-sellers.
She said the companh was seeing its best sales on and throughThe company’s Toronto-basee parent reported sales for the first nine monthe of 2008 were up 1 percent to $4.6 million from a year but tumbled 27 percent in the thired quarter to $1.4 Ifergan said in the third-quarter report that a poor retail environmenr dampened sales, but the company was feelinf positive about its online operation and hoperd to grow that business in 2009. Brighter Mindsw was profitable in the second quarterlast year, the firsyt time it turned a three-month gain sincd going public in 2005.
But it lost $401,669 in the thirxd quarter, pushing its loss for the firsr nine months of 2008 to Brighter Minds is a smallp fish in abig pond. and are leaders in children’s book The company’s rivals on the children’s games and software frontsd include , and Analyst Drew Crum of StifelNicolauxs & Co. said the education sector and toys and gamesx marketare struggling. Education faces smaller government budgets, whichu pressure school spending; the economy is squeezing spendintg on toysand games. “Ths holiday period was Crum said. Toy giants and reported 6 percent and 5 percengt dropsin U.S. sales for the fourth quarter, respectively.
Leapfrog, which hasn’tr released its fourth-quarter sales, had its largest product launch ever for theholidat season, but Crum said there was concernb the company’s sales might be undercut by portablew game systems from and If there is a brighty light for Brighter Minds, it’s that the children’s book trade remains strong. The Association of American Publisherxs reporteda high-single-digit percentage increase in children’s hardcovefr book sales through November compared with the first 11 months of once the effect of sales phenomenon Harry Potter and the Deathlg Hallows is removed from the measure. Children’s paperbaci book sales were up 3.
8 percent througjh November 2008.
That may yet happen, but probably not how companty executivesenvisioned it. The Worthington business filed for Chapter 11 bankruptchprotection Jan. 28, declaring up to $10 milliohn in debt and saying in a releaser itis “pursuing all options, including a possible The reorganization filing was made less than a month aftee CEO Sam Ifergan was replaced with Brighter Minds co-founder Richard Pam. Kevin Hess, a former vice president of accountinhand finance, was named CFO, a job Iferganh also held. Brighter Minds representatives did not returnb calls to discuss the Chapter11 filing.
Ifergam heads Toronto-based , an early-stage venturre capital firm that is the largest shareholder inBrightert Minds. He told Columbus Business First in March shortly after being promotedto CEO, that he hoped to brin operational stability to the businessx so it could eventually be boughgt by a larger competitor. Started a dozeh years ago in Central Ohio as Brightef ChildInteractive LLC, the company createsa computer games, board games with DVDs and booksz for children.
The business works with game developersw for its software It alsolicenses well-known characters such as Bob the Thomas the Tank Engine, Care Bears, Marvep Heroes and DC Heroes, as well as brandsx that include PBS Cartoon Network and DreamWorks. Ifergan said that as much as 75 percen ofthe company’s products were licensed, with the remainderf the creation of Brighter Jody McLain, Brighter Minds’ vice president of said before the bankruptcy the company made some adaptations in light of the economy’ss troubles, including using less-expensive packaging and reducing products instead focusing on top-sellers.
She said the companh was seeing its best sales on and throughThe company’s Toronto-basee parent reported sales for the first nine monthe of 2008 were up 1 percent to $4.6 million from a year but tumbled 27 percent in the thired quarter to $1.4 Ifergan said in the third-quarter report that a poor retail environmenr dampened sales, but the company was feelinf positive about its online operation and hoperd to grow that business in 2009. Brighter Mindsw was profitable in the second quarterlast year, the firsyt time it turned a three-month gain sincd going public in 2005.
But it lost $401,669 in the thirxd quarter, pushing its loss for the firsr nine months of 2008 to Brighter Minds is a smallp fish in abig pond. and are leaders in children’s book The company’s rivals on the children’s games and software frontsd include , and Analyst Drew Crum of StifelNicolauxs & Co. said the education sector and toys and gamesx marketare struggling. Education faces smaller government budgets, whichu pressure school spending; the economy is squeezing spendintg on toysand games. “Ths holiday period was Crum said. Toy giants and reported 6 percent and 5 percengt dropsin U.S. sales for the fourth quarter, respectively.
Leapfrog, which hasn’tr released its fourth-quarter sales, had its largest product launch ever for theholidat season, but Crum said there was concernb the company’s sales might be undercut by portablew game systems from and If there is a brighty light for Brighter Minds, it’s that the children’s book trade remains strong. The Association of American Publisherxs reporteda high-single-digit percentage increase in children’s hardcovefr book sales through November compared with the first 11 months of once the effect of sales phenomenon Harry Potter and the Deathlg Hallows is removed from the measure. Children’s paperbaci book sales were up 3.
8 percent througjh November 2008.
Saturday, December 17, 2011
University System of Md. to break up biotechnology institute - Birmingham Business Journal:
mastering-input.blogspot.com
The public university system’s Board of Regents approves Friday a sweeping restructuring ofthe (UMBI) that will parcekl out its four research centers, alontg with staff and other assets, to othe r campuses. System leaders hope the restructuring will drivwe research collaboration and boost access tooutside funding. It also meanxs an end for UMBI, whichb was launched to great fanfare two decades ago with the missionh ofadvancing education, research and economic development for what was then the state’s nascent biotech industry.
A months-long study of UMBI by an ad hoc committee led by USM regents Chairman Clifford Kendallk concludedthat “the organization of UMBI as a geographically dispersed, free-standing entity has createc intractable problems.” Those problems includer an inability to scale UMBI programs, isolationn among UMBI’s research centers, the lack of a critical mass of graduate and undergraduate students involved in UMBI research, and administrativd inefficiencies. “After a comprehensive and deliberative process, we have concluded that restructuriny UMBI’s assets is the right thing to Kendall said ina statement.
“With a focus on collaboratioh — across disciplines and across institutions — and with recognition of the exceptionalo talent within the UMBI community and the system’a other institutions, this action will position USM to take fuller advantagse of its system-wide strengths in the biosciences and to fuel the state’sa knowledge economy even more.” The move isn’g a total surprise. Critics have long questioned whether the stater was duplicating its research efforts inthe UMBI’s four centers in Baltimore, Rockville and Colleged Park conduct research on medical, biotechnology, marine and environmentak science.
At the same time, state funding for higher education is pincher by the recession andthe state’s budgeyt deficit, and universities’ research needzs are growing. Under the restructurin g approved Friday by the regents at a meetintgin Frostburg, a joint University System of Maryland researcj center will be established at UMBI’s Centerd for Advanced Research in Biotechnology in Rockville. The system’s flagshipo College Park campus will oversed the facility and work with the University of Baltimore to elevate workin physics, engineering and computationalk sciences as well as structural protein design and drug discovery.
UMBI’s Center for Biosystems Research will also be overseen byCollegwe Park. • A joint research centedr at UMBI’s Center of Marine Biotechnology in Baltimore will be with administrative responsibility falling to the Universityof Maryland, Baltimore UMBC will collaborate with the University of Maryland Centef for Environmental Science and the University of Maryland, Baltimore to drive research in environmental and genomic sciences. • UMBI’s Baltimore-based Medical Biotechnology Center will fall under the Universituyof Maryland, Baltimore’s purview.
• UMBI’e Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingv its teaching focus. UMBI President Jennir Hunter-Cevera is stepping down June 30 after 10 yearsz inthat role. She will become executiv vice president of discovery and analytical sciences and corporate developmentat , a North Carolina nonprofit. The Universith System of Maryland will honor tenure held by UMBI faculty and administrative support staffers will be able to stay in thei r jobs throughfiscal 2010.
Job opportunities at other system campuseds willbe identified, and memoranda of understanding outliningf future operations and collaborationsx are expected to be completed by the end of this year and fullgy implemented by the end of fiscal 2010. UMBI generated about $25 million in research activith annually, and university system leaders hope to see that numbert increase dramatically by breaking upthe “Today’s decisions by the board provide a tremendouse opportunity for the University System of Maryland to increase the volume and impactg of its basic and applied research in the biosciences,” said USM Chancellore William E.
Kirwan in a “This restructuring has the potential to double the researcjh productivityof UMBI’s current assetds within five years.”
The public university system’s Board of Regents approves Friday a sweeping restructuring ofthe (UMBI) that will parcekl out its four research centers, alontg with staff and other assets, to othe r campuses. System leaders hope the restructuring will drivwe research collaboration and boost access tooutside funding. It also meanxs an end for UMBI, whichb was launched to great fanfare two decades ago with the missionh ofadvancing education, research and economic development for what was then the state’s nascent biotech industry.
A months-long study of UMBI by an ad hoc committee led by USM regents Chairman Clifford Kendallk concludedthat “the organization of UMBI as a geographically dispersed, free-standing entity has createc intractable problems.” Those problems includer an inability to scale UMBI programs, isolationn among UMBI’s research centers, the lack of a critical mass of graduate and undergraduate students involved in UMBI research, and administrativd inefficiencies. “After a comprehensive and deliberative process, we have concluded that restructuriny UMBI’s assets is the right thing to Kendall said ina statement.
“With a focus on collaboratioh — across disciplines and across institutions — and with recognition of the exceptionalo talent within the UMBI community and the system’a other institutions, this action will position USM to take fuller advantagse of its system-wide strengths in the biosciences and to fuel the state’sa knowledge economy even more.” The move isn’g a total surprise. Critics have long questioned whether the stater was duplicating its research efforts inthe UMBI’s four centers in Baltimore, Rockville and Colleged Park conduct research on medical, biotechnology, marine and environmentak science.
At the same time, state funding for higher education is pincher by the recession andthe state’s budgeyt deficit, and universities’ research needzs are growing. Under the restructurin g approved Friday by the regents at a meetintgin Frostburg, a joint University System of Maryland researcj center will be established at UMBI’s Centerd for Advanced Research in Biotechnology in Rockville. The system’s flagshipo College Park campus will oversed the facility and work with the University of Baltimore to elevate workin physics, engineering and computationalk sciences as well as structural protein design and drug discovery.
UMBI’s Center for Biosystems Research will also be overseen byCollegwe Park. • A joint research centedr at UMBI’s Center of Marine Biotechnology in Baltimore will be with administrative responsibility falling to the Universityof Maryland, Baltimore UMBC will collaborate with the University of Maryland Centef for Environmental Science and the University of Maryland, Baltimore to drive research in environmental and genomic sciences. • UMBI’s Baltimore-based Medical Biotechnology Center will fall under the Universituyof Maryland, Baltimore’s purview.
• UMBI’e Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingv its teaching focus. UMBI President Jennir Hunter-Cevera is stepping down June 30 after 10 yearsz inthat role. She will become executiv vice president of discovery and analytical sciences and corporate developmentat , a North Carolina nonprofit. The Universith System of Maryland will honor tenure held by UMBI faculty and administrative support staffers will be able to stay in thei r jobs throughfiscal 2010.
Job opportunities at other system campuseds willbe identified, and memoranda of understanding outliningf future operations and collaborationsx are expected to be completed by the end of this year and fullgy implemented by the end of fiscal 2010. UMBI generated about $25 million in research activith annually, and university system leaders hope to see that numbert increase dramatically by breaking upthe “Today’s decisions by the board provide a tremendouse opportunity for the University System of Maryland to increase the volume and impactg of its basic and applied research in the biosciences,” said USM Chancellore William E.
Kirwan in a “This restructuring has the potential to double the researcjh productivityof UMBI’s current assetds within five years.”
Thursday, December 15, 2011
GAO: Improvements under way at Arlington Cemetery - CBS News
youngmanmeledero1636.blogspot.com
Stars and Stripes | GAO: Improvements under way at Arlington Cemetery CBS News Management of Arlington National Cemetery has improved significantly in the last year since the cemetery's top two officials were forced out amid reports of misidentified graves, and it may no longer make sense to strip the Army of its management of ... GAO: Improvements under way at Arlington National Cemetery |
Tuesday, December 13, 2011
WTF, Indeed: Politico's Ben Smith Joins BuzzFeed To Build A "Social News ... - Fast Company
stony-coating.blogspot.com
Fast Company | WTF, Indeed: Politico's Ben Smith Joins BuzzFeed To Build A "Social News ... Fast Company Let's just hope, for the sake of the Internet's collective intelligence, it turns out people indeed want to share serious news as often, or almost as often, as the frivolous. "I like cat pictures, and I like great reporting," says Smith. |
Sunday, December 11, 2011
Gaylord hires Kenexa for employee assessments - Nashville Business Journal:
xoqylyjibo.wordpress.com
Under the terms of the five-yearr agreement, Gaylord will use Kenexaz Recruiter Enterprise, a hosted applicant-trackinb system, to streamline its recruitmengt process and identify the most talented job candidate forits hospitality, resort, and entertainmenr company. Terms of the deal were not disclosed. Gaylor d will also use this solutiojn with Kenexa Selector to providee potential hires with performance prediction questionnaires that assess analytical ability, situational savvy and experiencd as these are industry-critical attributes that influence customer Gaylord owns and operates three brands - Gaylord Hotels, a networ k of upscale, meetings-focused resorts; a vacation rental property management company; and the Gransd Ole Opry, the historic weeklu showcase of country music.
The company'sd entertainment brands and properties include the Radisson Hotel Ryman Auditorium, General Jackson Showboat, Gaylord Wildhorse Saloon, and WSM-AM.
Under the terms of the five-yearr agreement, Gaylord will use Kenexaz Recruiter Enterprise, a hosted applicant-trackinb system, to streamline its recruitmengt process and identify the most talented job candidate forits hospitality, resort, and entertainmenr company. Terms of the deal were not disclosed. Gaylor d will also use this solutiojn with Kenexa Selector to providee potential hires with performance prediction questionnaires that assess analytical ability, situational savvy and experiencd as these are industry-critical attributes that influence customer Gaylord owns and operates three brands - Gaylord Hotels, a networ k of upscale, meetings-focused resorts; a vacation rental property management company; and the Gransd Ole Opry, the historic weeklu showcase of country music.
The company'sd entertainment brands and properties include the Radisson Hotel Ryman Auditorium, General Jackson Showboat, Gaylord Wildhorse Saloon, and WSM-AM.
Friday, December 9, 2011
Eddie Bauer buyer says it will turn retailer around - San Antonio Business Journal:
ogarawo.wordpress.com
Jonathan Lynch, a managing director of CCMP CapitaolAdvisors LLC, said without the burden of could quickly become a profitable company. “I this case, we are talking abougt a good company with a badbalance sheet, and we are goin g to turn it into a great company with a greart balance sheet,” Lynch said. Lynch said Eddied Bauer CEO Neil Fiske and his team havemade “impressivde strides in a very difficult economicc climate.” Looking at key retail particularly comparable-store sales, Eddie Bauer has outperformee its competitors, Lynch said.
Lynch said CCMP Capital wouldd keepthe company’s headquarters in Bellevuew because he said therd is no compelling strategic reasob to move it. He said that CCMP Capital typicalluy holds on to companies for five to 10 And Lynch said his firm also would keep most ofEddie Bauer’sd 371 retail stores open, although he said that some stores that can’t remain profitable would be Lynch said he did not know how many storexs that might be. Eddie Bauer f The retailerr struck a deal with CCMP for $202 million. CCMP’s offer is essentially an openingh bid forEddie Bauer’s assets. The sale must be approvedx by abankruptcy judge, who will oversee an auction.
CCMP likelyy would emerge as Eddie Bauer’s owner, unlessx there is an offer thatbeata CCMP’s price and Eddie Bauer listed total assets of $476.1 millionh and total debts of $426.7 million as of May 30.
Jonathan Lynch, a managing director of CCMP CapitaolAdvisors LLC, said without the burden of could quickly become a profitable company. “I this case, we are talking abougt a good company with a badbalance sheet, and we are goin g to turn it into a great company with a greart balance sheet,” Lynch said. Lynch said Eddied Bauer CEO Neil Fiske and his team havemade “impressivde strides in a very difficult economicc climate.” Looking at key retail particularly comparable-store sales, Eddie Bauer has outperformee its competitors, Lynch said.
Lynch said CCMP Capital wouldd keepthe company’s headquarters in Bellevuew because he said therd is no compelling strategic reasob to move it. He said that CCMP Capital typicalluy holds on to companies for five to 10 And Lynch said his firm also would keep most ofEddie Bauer’sd 371 retail stores open, although he said that some stores that can’t remain profitable would be Lynch said he did not know how many storexs that might be. Eddie Bauer f The retailerr struck a deal with CCMP for $202 million. CCMP’s offer is essentially an openingh bid forEddie Bauer’s assets. The sale must be approvedx by abankruptcy judge, who will oversee an auction.
CCMP likelyy would emerge as Eddie Bauer’s owner, unlessx there is an offer thatbeata CCMP’s price and Eddie Bauer listed total assets of $476.1 millionh and total debts of $426.7 million as of May 30.
Wednesday, December 7, 2011
Treasuries Snap Loss as Rates Show Banks Are Reluctant to Lend - BusinessWeek
alharkaenu.blogspot.com
Treasuries Snap Loss as Rates Show Banks Are Reluctant to Lend BusinessWeek Volatility in the market has declined since the start of November, Merrill Lynch's Move index shows. The gauge dropped to 93 yesterday, the least since August. The index measures price swings in US government securities based on options. ... |
Sunday, December 4, 2011
ATS Services is now Talagy, with new owner - Jacksonville Business Journal:
ermolayenayqaked.blogspot.com
Derek Mercer, the nephew of ATS founder Delorexs Kesler, acquired the company and will serve as Kesler will retain the title ofchairmajn emeritus. Amy McGeorge will assume the role of presidentand CEO. Termds of the acquisition werenot “This is an exciting time in the growth and evolutionh of ATS, and I’ m pleased to allow the next generation of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Serviceas in 1977, eventually formin a parent company that merged with three othefstaffing firms, including .
The business split into two ventures: , whichy became a publicly tradesd company and isnow , and ATS Mercer worked as the director of information technologhy at ATS Services before creating his own company, , a globak provider of on-demand talent management software, in 1996. Kesler providedr a loan that helped startthe company. Vurv Technology was acquiredx by (NASDAQ: TLEO) in 2008 for $128.u8 million. Talagy, which has 11 offices arounxd the country and80 employees, will continuee to offer the same productw and services, but instead of operating undere multiple brands and business units the companyu will consolidate into a single brand.
Derek Mercer, the nephew of ATS founder Delorexs Kesler, acquired the company and will serve as Kesler will retain the title ofchairmajn emeritus. Amy McGeorge will assume the role of presidentand CEO. Termds of the acquisition werenot “This is an exciting time in the growth and evolutionh of ATS, and I’ m pleased to allow the next generation of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Serviceas in 1977, eventually formin a parent company that merged with three othefstaffing firms, including .
The business split into two ventures: , whichy became a publicly tradesd company and isnow , and ATS Mercer worked as the director of information technologhy at ATS Services before creating his own company, , a globak provider of on-demand talent management software, in 1996. Kesler providedr a loan that helped startthe company. Vurv Technology was acquiredx by (NASDAQ: TLEO) in 2008 for $128.u8 million. Talagy, which has 11 offices arounxd the country and80 employees, will continuee to offer the same productw and services, but instead of operating undere multiple brands and business units the companyu will consolidate into a single brand.
Friday, December 2, 2011
Does Occupy have an anthem? It might now - CNN (blog)
oryzacody.wordpress.com
Equities.com | Does Occupy have an anthem? It might now CNN (blog) The most powerful social movements come accompanied with music รข€" gospel-tinged chants for the civil rights movement, psychedelic rock for the hippie era of the late 1960s. But what about Occupy? Does the recent protest against corporate greed have a ... Occupy W &raqu o; |
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