The Star-Ledger - NJ.com | Mothers sues anti-abortion group over use of daughter's image ConnectMidMichigan.com Tricia Fraser is suing a prolife group of the use of her daughter's image on this billboard. / Courtesy: WNBC NEW YORK -- According to NBC affiliate WNBC in New York, a mother is suing an anti-abortion organization for using her ... Anti-Abortion Ad Provokes Lawsuit Anti-abortion billboard in N.Y. leads N.J. mother to sue Life Always Mom Sues Pro-Life Group over Billboard |
Saturday, April 30, 2011
Mothers sues anti-abortion group over use of daughter's image - ConnectMidMichigan.com
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Wednesday, April 27, 2011
Blue Cross foundation slashes budget as endowment shrinks - Boston Business Journal:
lebexab.wordpress.com
The foundation has slashed its budgeg by21 percent, leaving it with $7 million in 2009. The cuts come as the foundatiojn faces a 26 percent loss in its whichwas $110 million before the economic crisisz hit last fall. The foundatioh is sending a letter this week to its informing them of the The foundation also has frozen two staffposition and, to guard againsr future financial ups and downs, has changed its annual budge process. The foundation has shifted to a budgetinb system that enables it to look back three yearsa and use an average of its financial situationj during that time frame as the basis for planningeach year’z budget.
Most of the foundation’s annual funding comews from insurer Blue Cross Blue Shieldof Massachusetts, a varyingy amount that went as high as $13.2 milliob in 2005 and was $10.4 millioj in 2007, the most recenf data available. Among the handful of health care foundationszin Massachusetts, most of them experiencing steep declinese in their endowments, the Blue Cross Blue Shieldx foundation is alone in announcing significany changes to its grant-making plans.
However, the Blue Cross Blue Shieldr foundation also funds at a higher percentagee of its endowment compared with othere area healthcare foundations, makingv grants that equal 8 percent of its endowmeny compared with closer to 5 percent. “Thed steep decline in our endowment is unparalleled inour foundation’ds history and has forced us to really drill down on how to achievwe our mission even in difficult financial said Jarrett Barrios, president of the “Our first principle in budgeting this year was to do no to preserve as much at the foundation and to preserve stability for the To that end, Barrios said, the foundation will honor all 84 grantere relationships it had in 2008, distributinyg $4.
8 million in funding this year. Fifty-fouf percent of the foundation’s budget goes towardf grant making, 15 percent toward influencing publi c policy and 10 percenttoward programs, accordinf to foundation executives. The real mark of the troubled economyt for the foundation is the delayed rollout ofa $635,000 grant that would addresds obstacles that some Massachusettsw residents face: medical debt, lack of documentation, language barriers, geographivc and transportation difficulties, and provider The new grant would have replace a grant program of the same which made distributions last June to 10 In developing the new a process that started last the Blue Cross Blue Shield of Massachusetts Foundatiomn has been in discussions with more than a half-dozen community organizations throughout Massachusetts.
Barrios said he hopesw to roll out the new grant in but acknowledged he cannot predict the futuree to know whether funding will be That makes life difficultfor would-bes recipients. “It will be just as necessarg in 2010 as it isrighft now,” said Carly Burton, deputy directort of the Boston-based , whichj was among the organizations that offered input on the new “It’s disappointing they can’t do it this year.
When I talkedc to folks at Blue Cross BlueShieldr (foundation), they were excited abouy it and I was excited about The Blue Cross Blue Shield foundatiob also cut $100,000 from its Innovation which provides three-year grants to health care delivery organizationx helping to close gaps for those who remaij uninsured despite Massachusetts’ health care reform. “Any cutback harms the abilithy for health care reformto work,” said Bill CEO, Codman Square Health The Blue Cross Blue Shield foundation’s financial woes are shared by others in the sector.
, which made its firstt grants last year, expected its endowment to reacbh $50 million at the end of but it ended upat $44 million, said Davir Abelman, executive director. The Tufts foundatiohn plans todistribute $2.5 milliob in grants in 2009, the same as in Abelman said, and focus almost entirelgy on projects geared toward the state’es aging population. MetroWest Community Healthcare Foundation lost 33 percent of its endowmentg by the endof 2008, said Martin Cohen, president of the In 2009, MetroWest’s grant-making “is staying reasonably the Cohen said, but predicted that the foundatiomn would be considering cuts in 2010 Meanwhile, the Harvarcd Pilgrim Foundation has no endowment, instead receiving an annual lump sum from .
In 2009, the foundation has receivedr $5 million from the health the same as it receivedin 2008, said Karemn Voci, chairwoman of the foundation. marymoore@bizjournals.com.
The foundation has slashed its budgeg by21 percent, leaving it with $7 million in 2009. The cuts come as the foundatiojn faces a 26 percent loss in its whichwas $110 million before the economic crisisz hit last fall. The foundatioh is sending a letter this week to its informing them of the The foundation also has frozen two staffposition and, to guard againsr future financial ups and downs, has changed its annual budge process. The foundation has shifted to a budgetinb system that enables it to look back three yearsa and use an average of its financial situationj during that time frame as the basis for planningeach year’z budget.
Most of the foundation’s annual funding comews from insurer Blue Cross Blue Shieldof Massachusetts, a varyingy amount that went as high as $13.2 milliob in 2005 and was $10.4 millioj in 2007, the most recenf data available. Among the handful of health care foundationszin Massachusetts, most of them experiencing steep declinese in their endowments, the Blue Cross Blue Shieldx foundation is alone in announcing significany changes to its grant-making plans.
However, the Blue Cross Blue Shieldr foundation also funds at a higher percentagee of its endowment compared with othere area healthcare foundations, makingv grants that equal 8 percent of its endowmeny compared with closer to 5 percent. “Thed steep decline in our endowment is unparalleled inour foundation’ds history and has forced us to really drill down on how to achievwe our mission even in difficult financial said Jarrett Barrios, president of the “Our first principle in budgeting this year was to do no to preserve as much at the foundation and to preserve stability for the To that end, Barrios said, the foundation will honor all 84 grantere relationships it had in 2008, distributinyg $4.
8 million in funding this year. Fifty-fouf percent of the foundation’s budget goes towardf grant making, 15 percent toward influencing publi c policy and 10 percenttoward programs, accordinf to foundation executives. The real mark of the troubled economyt for the foundation is the delayed rollout ofa $635,000 grant that would addresds obstacles that some Massachusettsw residents face: medical debt, lack of documentation, language barriers, geographivc and transportation difficulties, and provider The new grant would have replace a grant program of the same which made distributions last June to 10 In developing the new a process that started last the Blue Cross Blue Shield of Massachusetts Foundatiomn has been in discussions with more than a half-dozen community organizations throughout Massachusetts.
Barrios said he hopesw to roll out the new grant in but acknowledged he cannot predict the futuree to know whether funding will be That makes life difficultfor would-bes recipients. “It will be just as necessarg in 2010 as it isrighft now,” said Carly Burton, deputy directort of the Boston-based , whichj was among the organizations that offered input on the new “It’s disappointing they can’t do it this year.
When I talkedc to folks at Blue Cross BlueShieldr (foundation), they were excited abouy it and I was excited about The Blue Cross Blue Shield foundatiob also cut $100,000 from its Innovation which provides three-year grants to health care delivery organizationx helping to close gaps for those who remaij uninsured despite Massachusetts’ health care reform. “Any cutback harms the abilithy for health care reformto work,” said Bill CEO, Codman Square Health The Blue Cross Blue Shield foundation’s financial woes are shared by others in the sector.
, which made its firstt grants last year, expected its endowment to reacbh $50 million at the end of but it ended upat $44 million, said Davir Abelman, executive director. The Tufts foundatiohn plans todistribute $2.5 milliob in grants in 2009, the same as in Abelman said, and focus almost entirelgy on projects geared toward the state’es aging population. MetroWest Community Healthcare Foundation lost 33 percent of its endowmentg by the endof 2008, said Martin Cohen, president of the In 2009, MetroWest’s grant-making “is staying reasonably the Cohen said, but predicted that the foundatiomn would be considering cuts in 2010 Meanwhile, the Harvarcd Pilgrim Foundation has no endowment, instead receiving an annual lump sum from .
In 2009, the foundation has receivedr $5 million from the health the same as it receivedin 2008, said Karemn Voci, chairwoman of the foundation. marymoore@bizjournals.com.
Monday, April 25, 2011
Local executive to lead GE's $6B health care initiative - Austin Business Journal:
qozadaunu.blogspot.com
Barber was named head of a GE program focused on improving health care for more people atreducer cost, by GE chairman and CEO Jeffre y Immelt. Barber, 48, is a 27-yearf veteran of GE and since 2005 has served as chierf technology officer forGE Healthcare. He joined GE in 1982 and has held a variet y of roles of increasing responsibilitt withinGE Healthcare. In 2001, Barber was general manager forComponent Engineering, and from 2002 to 2005 he was the generapl manager for Global Components Operations for GE Healthcare, whicyh has significant operations in Wauwatosa and Waukesha.
Barber was a 1994 winner of TheBusiness Journal's Fortyg Under 40 award, which recognizes young Milwaukee-area executivezs making a difference in their professions and "Over the last four years, Mike has led all aspectse of product development for advanced health care Immelt said. "Mike knows how our technology can help he knowswhat doctors, clinics and hospitals need to improvse care and cut costs and he knows how to lead teams. With his deep experiencs in engineering and technologt and his strong operationsand process-driven expertise, Mike is the righgt leader to lead healthymagination and to grow our health care partnership globally.
" that can be offered in rural and underserved regions of the where quality health care can be difficult to It is also designed to reduce the company'ws own health care costsw for employees and expand profitability for the GE Healthcare business. GE Healthcare, which produces medical imaging equipment and medical information technology products fromits Milwaukee-areaw operations, will spend $3 billio by 2015 to develop at leas t 100 new products designed to lower costs, improve access and improve quality of care by 15 percent.
Barber was named head of a GE program focused on improving health care for more people atreducer cost, by GE chairman and CEO Jeffre y Immelt. Barber, 48, is a 27-yearf veteran of GE and since 2005 has served as chierf technology officer forGE Healthcare. He joined GE in 1982 and has held a variet y of roles of increasing responsibilitt withinGE Healthcare. In 2001, Barber was general manager forComponent Engineering, and from 2002 to 2005 he was the generapl manager for Global Components Operations for GE Healthcare, whicyh has significant operations in Wauwatosa and Waukesha.
Barber was a 1994 winner of TheBusiness Journal's Fortyg Under 40 award, which recognizes young Milwaukee-area executivezs making a difference in their professions and "Over the last four years, Mike has led all aspectse of product development for advanced health care Immelt said. "Mike knows how our technology can help he knowswhat doctors, clinics and hospitals need to improvse care and cut costs and he knows how to lead teams. With his deep experiencs in engineering and technologt and his strong operationsand process-driven expertise, Mike is the righgt leader to lead healthymagination and to grow our health care partnership globally.
" that can be offered in rural and underserved regions of the where quality health care can be difficult to It is also designed to reduce the company'ws own health care costsw for employees and expand profitability for the GE Healthcare business. GE Healthcare, which produces medical imaging equipment and medical information technology products fromits Milwaukee-areaw operations, will spend $3 billio by 2015 to develop at leas t 100 new products designed to lower costs, improve access and improve quality of care by 15 percent.
Saturday, April 23, 2011
Brunswick County law enforcement watching drivers closely this weekend - WWAY NewsChannel 3
ibitasony.wordpress.com
Brunswick County law enforcement watching drivers closely this weekend WWAY NewsChannel 3 Law enforcement will be on the look out for dangerous drivers. And people we spoke to like that plan. Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, ... |
Wednesday, April 20, 2011
In 2006, hakia's Categorized Search, hakia Galleries Was Introduced; Bing Introduces Similar Feature
isexufehub.wordpress.com
At its launch in hakia became the firsyt search engine to provide categorized aspectds of search queries viahakiz Galleries. hakia Galleries received industry accolades after theirin 2007. According to Dr. , CEO of "Imitation is the highestf formof flattery." hakia Galleries providre categorized aspects of search queries. For example, if you are searchingg for lung cancer, hakia providexs the searcher links for the followinhg aspects ofthis query: Basic Informatioh and FAQ, Image Search, Headline News, Symptoms and Diagnostics, Treatment, Procedures, and News, Clinical Trials, Healthcarde Facilities and Finding a Physician, Alternativew Therapy, For Kids, Research and Organizations, Message Boards, and Images.
Bing now reveals fewer, but similar , Editor-In-Chief of Search Engind Land, stated , "Probably the most significant change is that Bing now organizes searc results intocategories (gives ... The concept of grouping resultsalso isn't new. Long knowm as clustering, you can see it in operation athakiza (see there) or Clustyg (again, see there)." Although the categorizef search topics hakia and Bing coverage hakia's categorized search is more comprehensivs in most cases. Try searching for Matisse, piano or for more Ms. , President and COO of hakia added, "We coul not dream of a marketing budgetof .
But hey, if you are out ther e to try Bing as an alternative search engine to give the original categorized search a tryat hakia.com (one of Bing's inspirations!). You can surf the hakiaz Galleries here: or try your search at when you bingand ding." hakia is a pioneer in the semantix search space and is currentlyh in the late stages of developinb technology with the potential to revolutionize the searc industry. Founded in 2004, hakia is privately held and basesd in NewYork City. For more information about pleasevisit .
At its launch in hakia became the firsyt search engine to provide categorized aspectds of search queries viahakiz Galleries. hakia Galleries received industry accolades after theirin 2007. According to Dr. , CEO of "Imitation is the highestf formof flattery." hakia Galleries providre categorized aspects of search queries. For example, if you are searchingg for lung cancer, hakia providexs the searcher links for the followinhg aspects ofthis query: Basic Informatioh and FAQ, Image Search, Headline News, Symptoms and Diagnostics, Treatment, Procedures, and News, Clinical Trials, Healthcarde Facilities and Finding a Physician, Alternativew Therapy, For Kids, Research and Organizations, Message Boards, and Images.
Bing now reveals fewer, but similar , Editor-In-Chief of Search Engind Land, stated , "Probably the most significant change is that Bing now organizes searc results intocategories (gives ... The concept of grouping resultsalso isn't new. Long knowm as clustering, you can see it in operation athakiza (see there) or Clustyg (again, see there)." Although the categorizef search topics hakia and Bing coverage hakia's categorized search is more comprehensivs in most cases. Try searching for Matisse, piano or for more Ms. , President and COO of hakia added, "We coul not dream of a marketing budgetof .
But hey, if you are out ther e to try Bing as an alternative search engine to give the original categorized search a tryat hakia.com (one of Bing's inspirations!). You can surf the hakiaz Galleries here: or try your search at when you bingand ding." hakia is a pioneer in the semantix search space and is currentlyh in the late stages of developinb technology with the potential to revolutionize the searc industry. Founded in 2004, hakia is privately held and basesd in NewYork City. For more information about pleasevisit .
Monday, April 18, 2011
Red Hat's Ceylon a Java killer? Not likely - InfoWorld
ujunyp.blogspot.com
Red Hat's Ceylon a Java killer? Not likely InfoWorld It looks like another potential "successor" to Java is on the horizon, with a Red Hat software engineer working on a language c » |
Saturday, April 16, 2011
iPay co-founder wins Ernst & Young Award - Business First of Louisville:
ivanqukeafelovo.blogspot.com
Elizabethtown, Ky.-based iPay provides bill-payment services to more than 2,809 financial institutions. Another 800 customers are under contract to beginn using the services laterfthis year, according to a news releaser issued by iPay. iPay, which was founde in 2001, has increased revenue and profit every year sinceits inception, according to the The company has 225 employees. In addition to offerinb consumer bill-pay technology, iPay recently launched Biz 2.0, a second-generationh small business application that includes invoicinvg receivables management withelectronic remittance, account to accountf transfers, payroll deposits, and business bill payment.
More than 400 financiakl institutions already are usingthe product. By winningf the award, Bowers is eligible to compete for theErnst & Young LLP Entrepreneu of the Year 2009 National Award. The winner will be announcedf at a gala held by the national professionapl servicesfirm Nov. 14 in Palm Springs,
Elizabethtown, Ky.-based iPay provides bill-payment services to more than 2,809 financial institutions. Another 800 customers are under contract to beginn using the services laterfthis year, according to a news releaser issued by iPay. iPay, which was founde in 2001, has increased revenue and profit every year sinceits inception, according to the The company has 225 employees. In addition to offerinb consumer bill-pay technology, iPay recently launched Biz 2.0, a second-generationh small business application that includes invoicinvg receivables management withelectronic remittance, account to accountf transfers, payroll deposits, and business bill payment.
More than 400 financiakl institutions already are usingthe product. By winningf the award, Bowers is eligible to compete for theErnst & Young LLP Entrepreneu of the Year 2009 National Award. The winner will be announcedf at a gala held by the national professionapl servicesfirm Nov. 14 in Palm Springs,
Wednesday, April 13, 2011
Sales of Odyssey, Pilot, Ridgeline fall in May - Denver Business Journal:
http://www.squidoo.com/about-a-vinyl-siding
Sales for the Ridgeline fell to 1,46q in May, down 56.6 percent from the 3,4976 sold in May 2008. The pickup has experienced some of the same strugglesw as other vehicles inits class. For the year, Ridgelin e sales fell to 6,164 – down more than 63 percengt fromthe 17,152 sold in 2008. Odyssey sales fell slightly to a 2.9 percent drop from the 12,966 the Japanese automaker reported for the minivamn in May 2008. The Odyssey’z year-to-date sales slipped to which represents a 29 percent decrease fromthe 59,9876 sold in 2008. Sales of the Pilotf sport utility vehicle, which is also made at the plant in alsodipped – falling 8.
9 percent to 7,412, compares to the 8,449 sold in May of 2008. sales of the Pilot are down 28 Overall sales for the entire Honda linedropped 39.2 percentt for the month.
Sales for the Ridgeline fell to 1,46q in May, down 56.6 percent from the 3,4976 sold in May 2008. The pickup has experienced some of the same strugglesw as other vehicles inits class. For the year, Ridgelin e sales fell to 6,164 – down more than 63 percengt fromthe 17,152 sold in 2008. Odyssey sales fell slightly to a 2.9 percent drop from the 12,966 the Japanese automaker reported for the minivamn in May 2008. The Odyssey’z year-to-date sales slipped to which represents a 29 percent decrease fromthe 59,9876 sold in 2008. Sales of the Pilotf sport utility vehicle, which is also made at the plant in alsodipped – falling 8.
9 percent to 7,412, compares to the 8,449 sold in May of 2008. sales of the Pilot are down 28 Overall sales for the entire Honda linedropped 39.2 percentt for the month.
Tuesday, April 12, 2011
AutoZone board approves $500M stock repurchase - New Mexico Business Weekly:
http://humidifiers-review.blogspot.com
The company’s board of directors approved the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the company announce after the close of markets The last repurchase authorization was in Decemberr and was a similar $500 million. Therwe were three $500 million authorizationsx in 2008 and a totalof $7.9 billioh since 1998. "We remain committed to utilizing share repurchases within the bounds of a disciplinee capital structure to enhance stockholdet returns while maintaining adequate liquidity to executsour plans,” said CFO Bill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leading retailer and distributor of automotive replacementr parts and accessories inthe U.S. The compan y sells auto and lighttruck parts, chemicald and accessories through 4,172 AutoZoner stores in 48 states, the District of Columbia and Puertoo Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
The company’s board of directors approved the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the company announce after the close of markets The last repurchase authorization was in Decemberr and was a similar $500 million. Therwe were three $500 million authorizationsx in 2008 and a totalof $7.9 billioh since 1998. "We remain committed to utilizing share repurchases within the bounds of a disciplinee capital structure to enhance stockholdet returns while maintaining adequate liquidity to executsour plans,” said CFO Bill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leading retailer and distributor of automotive replacementr parts and accessories inthe U.S. The compan y sells auto and lighttruck parts, chemicald and accessories through 4,172 AutoZoner stores in 48 states, the District of Columbia and Puertoo Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
Sunday, April 10, 2011
In search of a bargain, he found kindness at thrift store - Delmarva Now
idellecromwell1991.blogspot.com
In search of a bargain, he found kindness at thrift store Delmarva Now "We can hold them until we close today," the woman kindly responded. She set them behind the counter with my name. I knew I wouldn't be back but there was the off chance my dad would be passing through. Still, I accepted defeat, thanked her, ... |
Friday, April 8, 2011
Committees do their jobs - Education News Colorado
http://www.uksheffield.com/user_detail.php?u=bootoindeta
Education News Colorado | Committees do their jobs Education News Colorado See this EdNews story for details on the education components of the budget-balancing package. Over in the House, members of the State Affairs Committee apparently were more eager to talk Thursday than they were to eat. After a grueling House floor ... |
Wednesday, April 6, 2011
Advice on hormone replacement therapy continues to evolve - Los Angeles Times
http://www.sure-tips.com/user_detail.php?u=letedighutemi
USA Today | Advice on hormone replacement therapy continues to evolve Los Angeles Times Hormone therapy has been one of the most confusing issues in women's health over the last decade. Now, a study from the Women's Health Initiative shows the increased risk of stroke found among women who take ... New Hormone Replacement Study Hormone replacement therapy and cancer Risk and Benefits of Estrogen Replacement Therapy Change Over Time (Video) |
Monday, April 4, 2011
Pharmaceutical Jobs - View Pharmaceutical Executive Jobs in Washington, D.C.
http://www.teknekeyfi.com/user_detail.php?u=PalPalWooda
View Pharmaceutical Jobs View ExecutiveJobs D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketing Jobs Washington, D.C. Allied Health Jobs D.C. Finance Jobs Washington, D.C. Biotechnologhy Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentap Jobs Washington, D.C. Food Services Jobs Washington, D.C. Government Jobs D.C. Healthcare Jobs Washington, D.C. Hospitality Jobs Washington, D.C. Hotel Jobs Washington, D.C. Huma n Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs Washington, D.C. Medi Jobs Washington, D.C. Mortgaged Jobs Washington, D.C. Nursing Jobs D.C. Pharmaceutical Jobs Washington, D.C. Physician Jobs D.C.
Real Estate Jobs Washington, D.C. Restaurant Jobs D.C. Sales Jobs Washington, D.C. Socialk Services Jobs Washington, D.C. Technology Jobs D.C. Travel Jobs
View Pharmaceutical Jobs View ExecutiveJobs D.C. Academic Jobs Washington, D.C. Accounting Jobs Washington, D.C. Marketing Jobs Washington, D.C. Allied Health Jobs D.C. Finance Jobs Washington, D.C. Biotechnologhy Jobs Washington, D.C. Consulting Jobs Washington, D.C. Dentap Jobs Washington, D.C. Food Services Jobs Washington, D.C. Government Jobs D.C. Healthcare Jobs Washington, D.C. Hospitality Jobs Washington, D.C. Hotel Jobs Washington, D.C. Huma n Resources Jobs Washington, D.C. Insurance Jobs D.C. Legal Jobs Washington, D.C. Medi Jobs Washington, D.C. Mortgaged Jobs Washington, D.C. Nursing Jobs D.C. Pharmaceutical Jobs Washington, D.C. Physician Jobs D.C.
Real Estate Jobs Washington, D.C. Restaurant Jobs D.C. Sales Jobs Washington, D.C. Socialk Services Jobs Washington, D.C. Technology Jobs D.C. Travel Jobs
Saturday, April 2, 2011
Q&A: Puddle of Mudd guitarist all about entertaining fans - Examiner.com
http://www.kineweb.net/user_detail.php?u=accellmex
Q&A: Puddle of Mudd guitarist all about entertaining fans Examiner.com For a band with Midwestern roots, Puddle of Mudd sure makes its visits to San Antonio count. In April 2010, the guys played Fiesta Oyster Bake with Saliva (see links at bottom). In Oct. 2009, Puddle of Mudd took part in the 99.5-FM Bone Bash at the ... |
Friday, April 1, 2011
Genmar warranties still good - Business First of Buffalo:
http://flooring.128pro.net
Tracy Carrell says the letter came after boat manufacturer on Mondag filed for Chapter 11 bankruptcy Genmar owns 15 different brandsof boats, which meanw dealers everywhere are impacted. She says cash customer s for boats at her dealershiop haveremained strong. But trouble financing in the current economyh means others have been forcer tohold off. “The boating business has been affectedf a lot likecars have,” she The petition to reorganize its debts was filed in U.S. Bankruptct Court in Minneapolis where the company isheadquartered — along with more than 20 related Genmar has between 100 and 199 creditors.
It lists its assets in the rageof $10 millionj to $50 million and its liabilitiess between $100 million and $500 million, accordinb to court documents. The largest unsecured creditor sare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicj is owed $186,700. Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthhThird Bank, according to a story in the Minneapolids Star Tribune.
Genmar said it has receivee commitment fora debtor-in-possession financing proposal from both In a statement, Genmar CEO and largest shareholder Irwijn Jacobs said sales of the company’s fishinhg boats, luxury yachts and other products started to decline in but worsened in recent months. The company’sx sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percenrt from fiscal 2008. “Ift someone would have said to me as recentlh as even one month ago that Genma r would someday be filing forChapter 11, I wouldf have said it was not even a remote possibility,” Jacobs said.
Genmar had been making some strategy change inrecent months, announcing plans to launch a line of less-expensivre aluminum boats. A spinoff Greenville, Pa.-based VEC and other Jacobs-related companiezs aren’t included in the VEC is now in the business of makingt giant bladesfor energy-generating windmills. Law firm Fredriksobn & Byron in Minneapolis, is representing Genmar in thebankruptc case.
Tracy Carrell says the letter came after boat manufacturer on Mondag filed for Chapter 11 bankruptcy Genmar owns 15 different brandsof boats, which meanw dealers everywhere are impacted. She says cash customer s for boats at her dealershiop haveremained strong. But trouble financing in the current economyh means others have been forcer tohold off. “The boating business has been affectedf a lot likecars have,” she The petition to reorganize its debts was filed in U.S. Bankruptct Court in Minneapolis where the company isheadquartered — along with more than 20 related Genmar has between 100 and 199 creditors.
It lists its assets in the rageof $10 millionj to $50 million and its liabilitiess between $100 million and $500 million, accordinb to court documents. The largest unsecured creditor sare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicj is owed $186,700. Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthhThird Bank, according to a story in the Minneapolids Star Tribune.
Genmar said it has receivee commitment fora debtor-in-possession financing proposal from both In a statement, Genmar CEO and largest shareholder Irwijn Jacobs said sales of the company’s fishinhg boats, luxury yachts and other products started to decline in but worsened in recent months. The company’sx sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percenrt from fiscal 2008. “Ift someone would have said to me as recentlh as even one month ago that Genma r would someday be filing forChapter 11, I wouldf have said it was not even a remote possibility,” Jacobs said.
Genmar had been making some strategy change inrecent months, announcing plans to launch a line of less-expensivre aluminum boats. A spinoff Greenville, Pa.-based VEC and other Jacobs-related companiezs aren’t included in the VEC is now in the business of makingt giant bladesfor energy-generating windmills. Law firm Fredriksobn & Byron in Minneapolis, is representing Genmar in thebankruptc case.
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