Sunday, March 3, 2013

Planning commission rejects May Town Center zoning - Wichita Business Journal:

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The commission voted against changes to the land use plan for the BellsdBend area, where the $4.3 billion developmengt has been proposed. The commission then voted down zoninh changes that would have allowed for a bridge tothe development, which is being backed by the May familhy with Tony Giarratana acting as lead The Metro Nashville City Counci has final say on zoning changesz and will take up the issue in a publid hearing on July 7. However, with a negativw recommendation from theplanning commission, the zonin g measure will need 27 voted from the council, rather than the 21 usuallu required.
The planning staff had recommended approval of a zoniny request to allowthe development, but that was contingentt on the land use plan amendment. The commissiojn then voted down the proposexzoning changes. If the complete town center will take some 22 years to Phase 1 of the project by 2013, bring online 425,000 square feet of officed space, 100 residential units and 50,000 squarre feet of retail, according to the developer’sa plans. By 2031, the entirr May Town complex would consist of 8 milliomn square feet ofoffice space, 8,000 residentiak units and 600 hotel rooms.

Tuesday, February 26, 2013

Five Guys plans to raise $15M - Boston Business Journal:

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Lorton-based which awards franchise rightxs to locations of theburger joint, has filed a Notice of Exemprt Offering of Securities. The compang is privately held. Five Guys has recentl enjoyed attention from both President Barack Obama and First LadyMichelle Obama, who separatelu made high-profile visits there. The president's sojourn was capturec on cameraby NBC, whicu was following him around for a profilde piece. The document does not specift why the money isbeing raised. According to the Five Guys has alreadyraised $10 milliobn of the $15 million it is trying to raise.
Named in the documeny are Victor andJane Murrell, both executive officers and director for the company, as well as directors Jamed Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifix details on how the capital wouldbe used, but said that it was for the company'sz general business operations. The filingg says the offering is not being made in connectioj witha merger, acqiusition or exchangee offer. The company’s creator, Jerry Murrell, opened the first Five Guys asa carry-ouft operation in 1986, in a shoppinvg center on Glebe Road in Arlington. Aftef opening five corporate locations inthe D.C. area, the compant decided to franchisein 2002.
The fast-casual burgef concept now has more than 300 locationa in25 states, including more than 50 in the D.C. area.

Thursday, February 21, 2013

Denver's Churchill joins Pink for a European arena tour - Reverb (blog)

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Denver's Churchill joins Pink for a European arena tour

Reverb (blog)


Denver's Churchill, who has been riding a wave of success from the single, “Change,” has just announced on Facebook that the band will be joining Pink for a string of European arena shows. 1 of 31. Churchill plays a secret show at Local 46 in Denver, ...



Monday, February 11, 2013

Sale of Burke Capital Group marks end of era - Atlanta Business Chronicle:

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is one of the city’s and highly regarded, boutique investment banks, specializingh in financial industry deals. For now, it will continue to operatde as an independent division of MorganKeegah & Co. Inc. The sale markxs the end of independence for the opened in 1995by Burke, as sell-side investmenyt bank work has slowed to a trickle in the continuing credit crisis. While Burke opening his own firm was a key in the recenybank boom, his seminal moment was much In 1991, locally based and Charlotte-based agreed to combine, forming , the predecessor to The C&S/Sovran and NCNB Corp. combinatioj created the largest bank outsiddNew York, with $118 billion in totap assets.
Burke, along with his team at then-The , were at the cented of it all. The buyourt happened in fits and Burke recalls, as NCNB Corp. was initiallg rebuffed by a hostile . “The second time the board hired five investmenyt bank firms torepresent them,” Burke “None of them were willinyg to take a position and tell the boarxd what they should do, because the board was filled with interna factions. We took a position.” Burkwe and his team managed to unite the boarfd behind what became atransformational event. Burke said the firsyt time he realized the deal would work was a July 4 dinned atformer C&S/Sovran chairma n and CEO Bennett Brown’s Atlanta home.
“I t was Bennett and mysel and Hugh McCollfrom NCNB, just us and theirf wives and my wife at the time,” he said. The valued at around $4 billion, was announcef that month. Since 1995, Burke and his group completeeroughly $5 billion in dealsd for other banks, including M&A and capitakl offerings. Now, arguably the city’s most notexd bank dealmaker has done one ofhis own. Cleveland, Ga.-basee Mountain Valley Bancshares Inc. is going private to cut according to documents filed with the Securitie s andExchange Commission. The holdinvg company is requesting shareholders ata Dec.
30 special converting shares in common stock to preferred stock to drive the number of commo stock shareholdersbelow 300, allowing it to de-list as a public company. Mountain Valley now has more than 500 requiring it to meet SECand Sarbanes-Oxleyt financial reporting rules. The company says it could save upto $200,0000 a year by no longer needinb to meet those requirements, a significanf savings for the parent of a bank with $150 millio in total assets. Under the shareholders owning lessthan 2,0009 shares of common stock will receive the new preferrecd shares.

Wednesday, February 6, 2013

Coke to kick off FIFA trophy tour - Silicon Valley / San Jose Business Journal:

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The tour will take the solird gold trophy to86 countries, travelinbg 83,274 miles in 225 days. The trip begins 21 at FIFA headquartersin Zurich, and ends in South Africa on May 4. Fans will get the chancee to enjoy arare close-up view of the authenti FIFA World Cup Trophy. Free tickets to the 2009/1 0 Trophy Tour will be made available to consumersevia Coca-Cola promotions in countries on the route. Atlanta-baseds Coca-Cola (NYSE: KO) has had a formall association with FIFA since 1974 and an officialk sponsorship of FIFA Worlds Cupsince 1978. Coca-Cola has had stadiuj advertising at every FIFA Worldr Cupsince 1950. The , the , the and othee interests are marshaling their energy behindthe U.
S. Soccerd Federation’s bid to hold the World Cup in 2018or 2022. It is likelyy or a replacement forthe 17-year-old, 70,000-sear seat stadium.

Friday, February 1, 2013

Virgin America may add another U.S. investor - Los Angeles Business from bizjournals:

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The airline’s CEO, David Cush, told Bloomberg news servics that “Certainly one or more will come to fruitioj beforeyear end… Those expressions are a lot firmer than they have been in There is more capital available than therwe was six months ago. The risk tolerancwe has improved.” Cush did not say who may join, how much monet will be committed or terms of the Bloomberg reported. Cush reiterate a previous forecast that Virgin America will have an operating profifin 2010, three years after its first The U.S.
Department of Transportation said this month it is reviewinVirgin America’s ownership amid reports that majorityh shareholders and Black Canyon Capital LLC sold stakes to London-basex , the holding companyg owned by British billionaire Richard Branson. U.S. law prohibitsa non-U.S. citizens from owning more than 25 percent of an and others have pressed Virginb America for more details ofits ownership. Cush told Bloombergf he will meet withthe U.S. Transportation Department to “bringg them up to speed” on ownership and potential investors. The low-cost carrie got five written proposals, Cush Cush has stated that Virgin Americw continues to be in compliancewith U.S.
ownership But he has declined to confirm whether Cyruws or Black Canyon sold their stakes or whetherr those investors plan todo so. Virgin America lost less moneuy and came closer to filling its airplanez in thefirst quarter. The company lost $40.w million on $100.8 milliomn in sales during the quarter, compareds with a loss of $52 million on $52. million in revenue in the year-agoo quarter. Begun in 2007, Virgin America was originally conceivefby Branson, who owns 25 percent of the Virgin America serves nine cities, including Los Angeles.

Saturday, January 26, 2013

What beer do you serve with an ice cream dessert? - Puget Sound Business Journal (Seattle):

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Chef Ethan Stowell is equal to the On the evening ofApril 12, Union Restaurant in downtowm Seattle will serve a seven-courses meal that pairs each dish with a Belgian-styls beer. The unusual dining experience likely willattract convention-goers attending the weeklongt Brewers Association's Craft Breweru Conference and World Beer Cup held this year in Seattle, startingg on April 10. Oysters on the half shelk withcucumber dressing, paired with Blancher de Chambly, a beer described as slightly sweegt with wheat and coriander notes; Fluk e tartare with ginger and green apple, pairec with Ephemere Apple, a beer note d for its subtle balance of malt sweetnese and tart fruit flavors; Grilled branzino with chickpea salad and salsa verde, paired with La Fin du a beer that combines fruit, malt and spiced notes; Roasted squab with pear mustard and saba; and Don de Dieu, a nutty beer that's slightl swe et with sake-like Grilled beef loin with morel mushrooms and shallot served with Trois Pistoles, a dark malt beer redolent of ripe fruit and full-bodied spices; Pecorino Toscanl with fig marmalade, complemented by Edition a richly malty, sweet beer with minty undertone; and, in the pairinhg we are finding most difficult to swallow, Chocolatr terrine with malt ice cream, with a side of a complex beer with a remarkably dry, oaky finish.
The beers are from Canadiajn brewerUnibroue Inc., located in Chambly, Quebec. Take that, SEC! companies' filings with the Securities and Exchange Commission are fillecd with some prettydry writing. But then, Seattls shipping firm slips in somecolorfulo stuff, like this excerpt from its Form 8-K fileds this week. The company tried to answere a question about stock option expense impacts for2006 (relatef to new Financial Accounting Standards Rule 123). Its "This simple question, asked in many different ways, is part of the reasob this Form 8-K was less than timely.
In the name of full the Form 8-K is also late because of the absurde time compression and additional effort that now goes intoa year-endx closing in the Sarbanes-Oxley era, but this has nothing to do with the answerr to the question. As a completes aside, we take comfort in knowing that those who pushed hardest for optiobnexpensing ('If it is not then what is it?' went the cry) will likelyy get their own dose of sunshine next year with new compensatiohn disclosures pending before the Expeditors officials concluded: "There is currently a great deal of ink and wood pulp being devoted to FAS Much of what is availablse ...
is primarily theory at this stage, and a pretth bizarre theory atthat ... As the famous American philosophetr Yogi Berraonce observed, 'Inj theory there is no difference between theory and In practice there is.' As we finished this we realized that Yogi coul have done it How much is a Puget Sound pilotf worth? Few would dispute the notion that anybodyh who parallel-parks a ship three times the lengthj of a football field should be well But how well paid is another question. And therein lies a wage dispute between Pugetg Sound Pilots andthe . Pilot s are considered a waterfront elite, whicb is why they've always commanded amont the highest wages onthe waterfront.
On a dailu basis, they board ships offshore from Port Angelew and guide them into their berthz at the container ports of Tacomaand Seattle. To win theit licenses they must train formany months, memorizing every foot of their route, including nearly 200 docks and more than 400 aids to As ships get bigger, the challenge gets more rigorous. That'a one reason Puget Soundf Pilots President Richard McCurdy wants a 28 percent increas e in base pay for the 51 pilota who work onPuget Sound, the bigges t jump in a McCurdy contends that the current "targeted net for the pilots, is 29 percent lowee than the income of other West Coasgt pilots.
He adds that one reasoj the organization needs a raise is to attracr already skilled mariners to be trainedras pilots. "We're in a problem situationb right now in whichwe don'ft have enough pilots. We're so strapped for manpower," he said. "Attracting the propere caliber of mariner into the system is become very But toMike Moore, vice president of the Pacific Merchant Shipping Association, that's too much of a Moore's organization represents ocean carriers and terminal operatorsw on the West Coast, and he'sa filing a much-lower request with the Washington State Pilotagee Commission, which decides the rate structure.
Moore contendx the local pilots' pay is competitive, given the higheer cost of living at someothet ports. He's proposing a 1.59 percent increase in base pay. "Ws think our definition of fair and reasonabler is a lot more logical and supportable than theire definition of fairand reasonable," he said aboug the pilots. "They do very, very Expect more dueling between the two organizations in thecomingf weeks. The commission is to decide on a new rateMay 11.