idozxun.blogspot.com
Net assets of the plan for the which owns the Globeand T&G, fell to $417.87 million. The plan was particularluy hard hit bysome $171.5 milliom in losses within severakl mutual funds. For example, the plan’s larges t holding, the Vanguard 500 Indes Investment fund, suffered a nearly 40 percent loss in Another fund inthe Times’ portfolio, the Vanguard Asset Allocation Investment fund, dropped nearly 32 percentt year-over-year. Only one of its major fund holdings, the Dodgre & Cox Income Fund, posted a positived return in 2008. Investments in fixed incomde and insurance assetsgenerated $5.3 millionb in income. Dividend incomwe of $11.6 million also helpee offset losses.
Interest income from the company’s borrowing from its retiremenft fundtotaled $594,000. The Times has traditionally matched a fraction ofGlobe employees’ contributions to their 401(k) accounts, howevet a proposal in front of leadership woule eliminate the program.
Monday, April 30, 2012
Saturday, April 28, 2012
Resolutions of Talvivaara Mining Company Plc Annual General Meeting 2012 - Reuters
stockdaleiqemico1521.blogspot.com
Resolutions of Talvivaara Mining Company Plc Annual General Meeting 2012 Reuters Stock Exchange Release Talvivaara Mining Company Plc 26 April 2012 Resolutions of Talvivaara Mining Company Plc Annual General Meeting 2012 Talvivaara Mining Company Plc ("Talvivaara" or the "Company") is pleased to announce that, at the Annual General ... G & L Beijer: News release from the Annual Meeting of shareholders of G & L ... < nobr>MarketWatch (press release) |
Friday, April 27, 2012
Monaco sale completed - Kansas City Business Journal:
proklofuxaanygez.blogspot.com
As a result, the company formed a new company, Monaco RV LLC, it says will at some poinrt resume manufacturingrecreational vehicles. But some big questionds remain, namely when — and if Navistar (NYSE: NAV) will resumse manufacturing in Oregon. Included in the sale were Monaco’se Oregon facilities in Coburhg and Harrisburg and Indiana operations in Wakarusaand Milford. Whiler Navistar said Monaco RV will resumseproduction “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities migh be restarted.
“Providing the RV markeft with the right vehicles at the right time will beMonacoo RV’s first order of business,” Jack Allen, presiden of Navistar’s North American truck said in a news release. “Our managementr teams will spend theses first few weeks ramping up the business at a pace commensurateewith demand.” Coburg-based Monaco in March fileds for Chapter 11 bankruptcg protection and laid off the majority of its 2,22 remaining employees. It had earlier been lookingg for buyers for its RV manufacturing operations and motorhomseresorts business. On Aprilp 27 the company announced it had an accepted an offerdfrom Warrenville, Ill.
-based Navistar in a deal that also includedf all Monaco brands, intellectual property, and equipment relating to the company’s motorizee and towable recreational vehicle segments. Navistar NAV) is a manufacturere of commercial and military as well as diesel engines andrelated services. It has $15 billion in annualk sales and a market capof $2.4 billion. The company’a move into the RV business fits an ongoinyg strategy to expand its existingh diesel business and will complement itschassis business, Allen The newly-formed company won’t be liable for any producgt sold prior to the acquisition, though the companhy said customer services representatives will aid RV ownerw in providing service and
As a result, the company formed a new company, Monaco RV LLC, it says will at some poinrt resume manufacturingrecreational vehicles. But some big questionds remain, namely when — and if Navistar (NYSE: NAV) will resumse manufacturing in Oregon. Included in the sale were Monaco’se Oregon facilities in Coburhg and Harrisburg and Indiana operations in Wakarusaand Milford. Whiler Navistar said Monaco RV will resumseproduction “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities migh be restarted.
“Providing the RV markeft with the right vehicles at the right time will beMonacoo RV’s first order of business,” Jack Allen, presiden of Navistar’s North American truck said in a news release. “Our managementr teams will spend theses first few weeks ramping up the business at a pace commensurateewith demand.” Coburg-based Monaco in March fileds for Chapter 11 bankruptcg protection and laid off the majority of its 2,22 remaining employees. It had earlier been lookingg for buyers for its RV manufacturing operations and motorhomseresorts business. On Aprilp 27 the company announced it had an accepted an offerdfrom Warrenville, Ill.
-based Navistar in a deal that also includedf all Monaco brands, intellectual property, and equipment relating to the company’s motorizee and towable recreational vehicle segments. Navistar NAV) is a manufacturere of commercial and military as well as diesel engines andrelated services. It has $15 billion in annualk sales and a market capof $2.4 billion. The company’a move into the RV business fits an ongoinyg strategy to expand its existingh diesel business and will complement itschassis business, Allen The newly-formed company won’t be liable for any producgt sold prior to the acquisition, though the companhy said customer services representatives will aid RV ownerw in providing service and
Wednesday, April 25, 2012
Philadelphia Eagles 2012 Schedule: Downloadable, Printable - Bleacher Report
doqujamup.wordpress.com
Bleacher Report | Philadelphia Eagles 2012 Schedule: Downloadable, Printable Bleacher Report What started out as a possible "dream team" turned into a nightmare as the Philadelphia Eagles struggled to win games, star players were unhappy with contract situations, and personnel on defense didn't match what the coaching staff required them to do ... |
Monday, April 23, 2012
Report: RevPAR declines slowing for hotels - New Mexico Business Weekly:
grigoriynirim.blogspot.com
RevPAR will reach its cyclical low point in the third quarterof 2009, closingb the escalating trend of declines in RevPAR that beganm in the third quarter of according to . "The good news is that the bottomk of the current cycle forthe U.S. hoteol industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakest year on record for the domestixlodging industry, and 2010 is going to be disappointing as If you are wondering when we'll startt to see actual growth in RevPAR, then you'll have to wait until 2011.
However, if you want to know when the operatiny environment is going to get a littleless that's happening right now." Lodginf forecasts presented in the June 2009 edition of Hotel Horizonsa are based on Smith Travel Research hotel performance data through March 2009 and Moody's Economy.com'xs May 2009 economic forecast for the Given the correlation between employment and lodging the new expectation is for RevPAR to declinee 17.5 percent in 2009, followe d by another 3.5 percent decline in 2010. Year-over-year quarterly declines in the demandfor U.S. lodging accommodations startes in the first quartedr of 2008 and peaked at negative 8 perceny in the first quarterof 2009.
The June 2009 editiohn of Hotel Horizons forecasts demand to declinr each of the remaining quarterof 2009, but at a diminishing pace. The projectec quarterly declines in demand for the remaindedr of 2009 averagejust 4.7 percent. Beyonr 2009, the forecast callsw for average annual increases in demaneof 3.2 percent for the next four well above the 1.9 percent long-term average. But given the forecastt 17.5 percent decline in RevPAR for allof PKF-HR is projecting total hotel revenuews to decrease 16 percent for the In 2011 and 2012, PKF-HR forecastz that RevPAR will increase on an average annuaol basis of 9.2 percent, while profits will rise at a 17.8 percentg pace.
RevPAR will reach its cyclical low point in the third quarterof 2009, closingb the escalating trend of declines in RevPAR that beganm in the third quarter of according to . "The good news is that the bottomk of the current cycle forthe U.S. hoteol industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakest year on record for the domestixlodging industry, and 2010 is going to be disappointing as If you are wondering when we'll startt to see actual growth in RevPAR, then you'll have to wait until 2011.
However, if you want to know when the operatiny environment is going to get a littleless that's happening right now." Lodginf forecasts presented in the June 2009 edition of Hotel Horizonsa are based on Smith Travel Research hotel performance data through March 2009 and Moody's Economy.com'xs May 2009 economic forecast for the Given the correlation between employment and lodging the new expectation is for RevPAR to declinee 17.5 percent in 2009, followe d by another 3.5 percent decline in 2010. Year-over-year quarterly declines in the demandfor U.S. lodging accommodations startes in the first quartedr of 2008 and peaked at negative 8 perceny in the first quarterof 2009.
The June 2009 editiohn of Hotel Horizons forecasts demand to declinr each of the remaining quarterof 2009, but at a diminishing pace. The projectec quarterly declines in demand for the remaindedr of 2009 averagejust 4.7 percent. Beyonr 2009, the forecast callsw for average annual increases in demaneof 3.2 percent for the next four well above the 1.9 percent long-term average. But given the forecastt 17.5 percent decline in RevPAR for allof PKF-HR is projecting total hotel revenuews to decrease 16 percent for the In 2011 and 2012, PKF-HR forecastz that RevPAR will increase on an average annuaol basis of 9.2 percent, while profits will rise at a 17.8 percentg pace.
Saturday, April 21, 2012
Green Township OKs Mercy hospital plan - Sacramento Business Journal:
ukatekexo.wordpress.com
The plan passed 3-0. “We’re very pleased to get to this stage and excited to take the next saidPete Gemmer, spokesman for “We realize there is still a lot of work to do and we look forwarfd to continuing to work with the residents and the township leaders to develop a hospital everyon e can be proud The project will now be submittec to the Hamilton County Regionalp Commission for consideration, probably next month, Gemmer The planned hospital and parking areas woulsd cover about 40 acres and sit near to Interstatse 74. The facility, to cost $200 million, coulc open in early 2014. The proposed site is 60 acres.
Mercuy has said it will close itstwo West-Side Mercy Hospital Western Hillds and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 will be a replacementfor them. Some residentsd in the area had expressed concerns about increases traffic as a resultg ofthe hospital, whose main accesx road would be from North Bend Road, at roughly the midwayg point between Kleeman and Boomer. Gemmer said a trafficc impact study through the HamiltonCounty Engineer’s Office is nearlty complete.
The plan passed 3-0. “We’re very pleased to get to this stage and excited to take the next saidPete Gemmer, spokesman for “We realize there is still a lot of work to do and we look forwarfd to continuing to work with the residents and the township leaders to develop a hospital everyon e can be proud The project will now be submittec to the Hamilton County Regionalp Commission for consideration, probably next month, Gemmer The planned hospital and parking areas woulsd cover about 40 acres and sit near to Interstatse 74. The facility, to cost $200 million, coulc open in early 2014. The proposed site is 60 acres.
Mercuy has said it will close itstwo West-Side Mercy Hospital Western Hillds and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 will be a replacementfor them. Some residentsd in the area had expressed concerns about increases traffic as a resultg ofthe hospital, whose main accesx road would be from North Bend Road, at roughly the midwayg point between Kleeman and Boomer. Gemmer said a trafficc impact study through the HamiltonCounty Engineer’s Office is nearlty complete.
Thursday, April 19, 2012
Study: More CEOs say good works boost recruiting - Washington Business Journal:
viktorevaikubuwo.blogspot.com
This marks a shift in corporate philanthropy since the Roundtable released its in which noted that corporate responsibility was beginning to evolve from communitu impact to bottom line The most recent report shows thatthe indeed, has taken place. Boston struggled to maintain its college grads as they move into the and the Round Table report underscores that philanthropuy is a factor making some local companies more attractivd toyounger workers.
The Roundtabler issued the report in collaboration with the Universitty of Massachusetts Boston Emerging Leaders A team from the Emergintg Leaders Program started working on the report last summer, interviewing 20 Massachusetts companies about theif corporate social responsibility activitie s -- predominantly large companes and representing a cross-section of industries. “Historically CEOs would engage in philanthropy because it was the rightr thingto do. They wanted to be good corporate said J.D. Chesloff, deputy director of the MassachusettsdBusiness Roundtable. “Now there’s a good businesas case to incorporating it into theiebusiness plan.
There’s a bottom line impac t to it, in addition to bein good for all the othercommunity reasons.” Based on the findings from the 20 companiez included in the the report suggests five ways companies can builsd a culture of social responsibility: • Creater a clear link to the company’s missiobn and secure endorsement at the executivse level. • Engage employees at all levelsas decision-makeres in relation to corporate social responsibility targetz and activities. • Leverage employees’ skills to make positiv contributions tothe community. • Provide opportunities for employeees to developnew skills.
“A lot of it is arounsd a company being authentic about wantingg to do something in the community and listeniny to what the employees are interested in doinyg and connecting it to the values ofthe company,” said Ellenj Remmer, CEO of The , a nonprofit that promotes strategicc philanthropy and advises donors.
This marks a shift in corporate philanthropy since the Roundtable released its in which noted that corporate responsibility was beginning to evolve from communitu impact to bottom line The most recent report shows thatthe indeed, has taken place. Boston struggled to maintain its college grads as they move into the and the Round Table report underscores that philanthropuy is a factor making some local companies more attractivd toyounger workers.
The Roundtabler issued the report in collaboration with the Universitty of Massachusetts Boston Emerging Leaders A team from the Emergintg Leaders Program started working on the report last summer, interviewing 20 Massachusetts companies about theif corporate social responsibility activitie s -- predominantly large companes and representing a cross-section of industries. “Historically CEOs would engage in philanthropy because it was the rightr thingto do. They wanted to be good corporate said J.D. Chesloff, deputy director of the MassachusettsdBusiness Roundtable. “Now there’s a good businesas case to incorporating it into theiebusiness plan.
There’s a bottom line impac t to it, in addition to bein good for all the othercommunity reasons.” Based on the findings from the 20 companiez included in the the report suggests five ways companies can builsd a culture of social responsibility: • Creater a clear link to the company’s missiobn and secure endorsement at the executivse level. • Engage employees at all levelsas decision-makeres in relation to corporate social responsibility targetz and activities. • Leverage employees’ skills to make positiv contributions tothe community. • Provide opportunities for employeees to developnew skills.
“A lot of it is arounsd a company being authentic about wantingg to do something in the community and listeniny to what the employees are interested in doinyg and connecting it to the values ofthe company,” said Ellenj Remmer, CEO of The , a nonprofit that promotes strategicc philanthropy and advises donors.
Wednesday, April 18, 2012
Dealers wary of GM bankruptcy option - Business First of Buffalo:
jabire2389.blogspot.com
These are the 1,100 dealers who GM told last week won’g have their franchise agreements renewedx after they expirein 2010. Other dealers who believeed they escaped the initial including all GM dealers in Western New York who are thought to havebeen spared, could be back at risk. If Generalo Motors files for Chapter 11, as strugglinb did in April, the bankruptcy courtt might order the dealer network trimmedeven further. “From the moment of filing, it’s a new ball said Garry Graber, a partner with LLC where he headas theBuffalo firm’s bankruptcy, restructuring and commercial litigationh practice.
“Once a business entity files forChapter 11, its pre-bankruptcy agreementws are all subject to being cancelled. That applies both to the dealerd agreement itself as well as a subsequenyt agreement that the dealer agreements would be wound down or modifiefd insome way,” he said. “There is nothinh to stop them from expandingthe list, or contractinv it, once they are in Chapter he said. “But having said that, GM may or may not do said Graber, who also is an adjunct professor at the Universitt at Buffalo Law where he has taught Chapter 11 bankruptcy law for19 years.
Paul Stasiak, president of the , agreed that GM’sz dealer network was subject to change more rapidly than envisionec inlast week’s announcement. “Under the bankruptc court, GM loses a lot of its flexibility. The courty could say it wants an acceleratedwind down,” he General Motors plans to trim its 6,000-dealer network by 40 percenyt by the end of 2010. In additiojn to locations not having theirfranchises renewed, about 500 will close when GM phases out or sellds its Hummer, Saab and Saturj brands.
Buffalo lawyer Brad Birmingham said thatgiveh GM’s financial condition, he does not expect the automakee to be able to fightr the anticipated hundreds of rejecterd dealers that it plans to jettison in dozens of statex “with respect to appropriate termination compensation, if any, that may be payable under state franchise laws. “Those issues largely disappear with a bankruptcy filing which will essentiallyt trump state franchise laws and provide a much swiftetr timeline for the proposed dealership he said.
“I think that is one of many reasonxs that make a Chapter 11 filing by GM said Birmingham, with Hodgson He is a member of the Counsel and legak representative for some Buffalo-area auto GM said earlier this week that a bankruptcyh strategy that would divide the companyt into good and bad parts now appears Chrysler is using a similar plan. The company said in an updatedx regulatory filing for a bond exchange that was launchedd in April that it remains committedr to pursuing a bankruptcy filing ifits debt-for-equity proposal provew unsuccessful. One option could include a planto “selk most or substantially all of our assets...
tio a new operating company, and subsequent liquidationj of the remaining assets,” the Aprip filing said. In the updated filing, the companyh added that if it pursues dividing the company into twoparts “woulx be the most likely” form of relief. The “good” part being retained would include the Chevroleft andCadillac divisions, and the “bad” partas to be disposed of wouldr include the Hummer and Saab brands.
Both of those units, as well as are up for sale with multiple GM has said it prefers to restructur outof court, but it faces a fast-approaching June 1 government-imposed deadlinde to reach agreements with bondholders and the
These are the 1,100 dealers who GM told last week won’g have their franchise agreements renewedx after they expirein 2010. Other dealers who believeed they escaped the initial including all GM dealers in Western New York who are thought to havebeen spared, could be back at risk. If Generalo Motors files for Chapter 11, as strugglinb did in April, the bankruptcy courtt might order the dealer network trimmedeven further. “From the moment of filing, it’s a new ball said Garry Graber, a partner with LLC where he headas theBuffalo firm’s bankruptcy, restructuring and commercial litigationh practice.
“Once a business entity files forChapter 11, its pre-bankruptcy agreementws are all subject to being cancelled. That applies both to the dealerd agreement itself as well as a subsequenyt agreement that the dealer agreements would be wound down or modifiefd insome way,” he said. “There is nothinh to stop them from expandingthe list, or contractinv it, once they are in Chapter he said. “But having said that, GM may or may not do said Graber, who also is an adjunct professor at the Universitt at Buffalo Law where he has taught Chapter 11 bankruptcy law for19 years.
Paul Stasiak, president of the , agreed that GM’sz dealer network was subject to change more rapidly than envisionec inlast week’s announcement. “Under the bankruptc court, GM loses a lot of its flexibility. The courty could say it wants an acceleratedwind down,” he General Motors plans to trim its 6,000-dealer network by 40 percenyt by the end of 2010. In additiojn to locations not having theirfranchises renewed, about 500 will close when GM phases out or sellds its Hummer, Saab and Saturj brands.
Buffalo lawyer Brad Birmingham said thatgiveh GM’s financial condition, he does not expect the automakee to be able to fightr the anticipated hundreds of rejecterd dealers that it plans to jettison in dozens of statex “with respect to appropriate termination compensation, if any, that may be payable under state franchise laws. “Those issues largely disappear with a bankruptcy filing which will essentiallyt trump state franchise laws and provide a much swiftetr timeline for the proposed dealership he said.
“I think that is one of many reasonxs that make a Chapter 11 filing by GM said Birmingham, with Hodgson He is a member of the Counsel and legak representative for some Buffalo-area auto GM said earlier this week that a bankruptcyh strategy that would divide the companyt into good and bad parts now appears Chrysler is using a similar plan. The company said in an updatedx regulatory filing for a bond exchange that was launchedd in April that it remains committedr to pursuing a bankruptcy filing ifits debt-for-equity proposal provew unsuccessful. One option could include a planto “selk most or substantially all of our assets...
tio a new operating company, and subsequent liquidationj of the remaining assets,” the Aprip filing said. In the updated filing, the companyh added that if it pursues dividing the company into twoparts “woulx be the most likely” form of relief. The “good” part being retained would include the Chevroleft andCadillac divisions, and the “bad” partas to be disposed of wouldr include the Hummer and Saab brands.
Both of those units, as well as are up for sale with multiple GM has said it prefers to restructur outof court, but it faces a fast-approaching June 1 government-imposed deadlinde to reach agreements with bondholders and the
Monday, April 16, 2012
Continental makes most-delayed list - Minneapolis / St. Paul Business Journal:
karnergetajequ1416.blogspot.com
Houston-based Continental (NYSE: CAL) flights were on time 72 percentg of the time duringthe month, followed by with a 69.4 perceng on-time arrival rate and with 68.6 percent. Best for on-timer arrivals was whose flights were ontime 91.1 perceng of the time, followedf by at 86.2 percent and at 85.8 percent, accordingh to the Air Travel Consumer compiled by the DoT’s Bureau of Transportatiojn Statistics. Figures also showed that Continental had a problem getting its dail y afternoon flight from Clevelandto N.J. to arrive on time in April.
The Houston-basefd airline’s flight 1567 from Clevelandc to Newark’s Liberty International Airport was late 90 percenty of the time during the according tothe report. the flight was the fifth-most-delayed during April. Leading the list was ’ flightt 803 from Atlanta to Honolulu, which was late 96.6 percenty of the time, according to the The 19 carriers reported anoveralk on-time arrival rate of 79.1 percent in up from 78.4 percent the previous and 77.7 percent in Apri 2008. Carriers reported that aviation system problemsdelayed 7.4 percent of flightes in April, up from nearly 7.3 percent the previouse month.
Other common problems included late-arrivinh aircraft and maintenance orcrew problems. Weather was to blamee for 44.4 percent of late flights, up from 37.9 percen for the same month in 2008.
Houston-based Continental (NYSE: CAL) flights were on time 72 percentg of the time duringthe month, followed by with a 69.4 perceng on-time arrival rate and with 68.6 percent. Best for on-timer arrivals was whose flights were ontime 91.1 perceng of the time, followedf by at 86.2 percent and at 85.8 percent, accordingh to the Air Travel Consumer compiled by the DoT’s Bureau of Transportatiojn Statistics. Figures also showed that Continental had a problem getting its dail y afternoon flight from Clevelandto N.J. to arrive on time in April.
The Houston-basefd airline’s flight 1567 from Clevelandc to Newark’s Liberty International Airport was late 90 percenty of the time during the according tothe report. the flight was the fifth-most-delayed during April. Leading the list was ’ flightt 803 from Atlanta to Honolulu, which was late 96.6 percenty of the time, according to the The 19 carriers reported anoveralk on-time arrival rate of 79.1 percent in up from 78.4 percent the previous and 77.7 percent in Apri 2008. Carriers reported that aviation system problemsdelayed 7.4 percent of flightes in April, up from nearly 7.3 percent the previouse month.
Other common problems included late-arrivinh aircraft and maintenance orcrew problems. Weather was to blamee for 44.4 percent of late flights, up from 37.9 percen for the same month in 2008.
Saturday, April 14, 2012
Flyers take control with 8-5 win over Penguins - Boston.com
firukendu-anchored.blogspot.com
Boston.com | Flyers take control with 8-5 win over Penguins Boston.com Philadelphia Flyers' Jaromir Jagr (68) celebrates with Matt Read (24), Pavel Kubina (13) and Claude Giroux (28) after scoring in the third period during Game 2 of an opening-round NHL hockey Stanley Cup playoff series against the Pittsburgh Penguins in ... Flyers' comebacks have them in control Special teams fuel another Flyers r » |
Thursday, April 12, 2012
UnitedHealth agrees to settle N.Y. probe - Minneapolis / St. Paul Business Journal:
vadimsudigrenev.blogspot.com
Under the settlement, Minnetonka-baserd UnitedHealth (NYSE: UNH) will pay $50 milliojn to fund the development of an independent database to be used to determinde how much health insurers reimburse membersfor out-of-networkk health care services. The database will be operated bya yet-to-be-determine university selected by the New York attorney general. A New York Attorneyh General’s Office investigation reported that databased owned and operatedby UnitedHealth'a subsidiary had understated marketg rates by as much as 28 percent.
“We are committeed to increasing the amount of usefuo information available in the health care marketplacse so that people can makeinformed decisions, and this agreemenrt is consistent with that approach and said Thomas Strickland, executive vice president and chief legal officer of UnitedHealth Group, in a statement. “Wse are pleased that an independent not-for-profi entity will play this important role forthe
Under the settlement, Minnetonka-baserd UnitedHealth (NYSE: UNH) will pay $50 milliojn to fund the development of an independent database to be used to determinde how much health insurers reimburse membersfor out-of-networkk health care services. The database will be operated bya yet-to-be-determine university selected by the New York attorney general. A New York Attorneyh General’s Office investigation reported that databased owned and operatedby UnitedHealth'a subsidiary had understated marketg rates by as much as 28 percent.
“We are committeed to increasing the amount of usefuo information available in the health care marketplacse so that people can makeinformed decisions, and this agreemenrt is consistent with that approach and said Thomas Strickland, executive vice president and chief legal officer of UnitedHealth Group, in a statement. “Wse are pleased that an independent not-for-profi entity will play this important role forthe
Tuesday, April 10, 2012
Minneapolis / St. Paul Business Journal:
stages-paddocks.blogspot.com
Maple Grove, was named a member of PLANCO’xs The Monarch Society for The HartfordMutual Funds. The Principalp Financial Group hired Patrick Conlin as a financial advisefr in itsOakdale office. It also hired Matt Martinsoh and Scott Haakenson as financiakl advisers in itsMinnetonka office. Securia n Financial Group, St. Paul, promotec Christopher Sebald to seniorvice president, Vicki Bailey to vice president, investmen law, and chief compliance officer, H.
Geoffrey Peterson to vice individual law andlitigation management, Kathleen Pinkett to vice president, human resources, David Seidel to vice president and actuary in the Financiap Services business unit, Laurence Cochrane to second vice president, independent for the company’s Individual Financial Security businesss unit, Christopher Greene, CPA, to seconf vice president of the Financial Services businesa unit, Gregg Hammerly, ALHC, FLMI, to second vice presidentt of cliams, and Daniel Kruse to seconr vice president and actuary of individua annuityg products. Woodbury Financial Services Inc., hired Marvin Clark as chief technologyg officer.
Maple Grove, was named a member of PLANCO’xs The Monarch Society for The HartfordMutual Funds. The Principalp Financial Group hired Patrick Conlin as a financial advisefr in itsOakdale office. It also hired Matt Martinsoh and Scott Haakenson as financiakl advisers in itsMinnetonka office. Securia n Financial Group, St. Paul, promotec Christopher Sebald to seniorvice president, Vicki Bailey to vice president, investmen law, and chief compliance officer, H.
Geoffrey Peterson to vice individual law andlitigation management, Kathleen Pinkett to vice president, human resources, David Seidel to vice president and actuary in the Financiap Services business unit, Laurence Cochrane to second vice president, independent for the company’s Individual Financial Security businesss unit, Christopher Greene, CPA, to seconf vice president of the Financial Services businesa unit, Gregg Hammerly, ALHC, FLMI, to second vice presidentt of cliams, and Daniel Kruse to seconr vice president and actuary of individua annuityg products. Woodbury Financial Services Inc., hired Marvin Clark as chief technologyg officer.
Monday, April 9, 2012
Nashville West facing liens from area contractors - Orlando Business Journal:
vypybiza.wordpress.com
Owners of Nashville West, which firsft opened in 2007, says payments to subcontractors handling construction at the retail center have been held up sincd last fall when the creditmarketa froze. Since then, liens and lawsuits against the developmentt have beenpiling up. LLC — a partnershil between and the — says it’s been workingy with creditors to resolvethe issues, get the monet flowing again and continue with futures phases of the $100 million projecft in West Nashville off Charlottee Pike.
“We have every reason to believe this situation will be resolvedx in thenear future,” says Bill a partner with Newton Oldacre As of spring 2007, Nashville West had take out $77 million in construction loans and $5 million in othedr loans, and was extended a $12 milliohn letter of credit from , according to 2007 filings at the Davidsonh County Register of Deeds office. Subcontractors began filiny liens against the property in December 2008 for work completeflast fall. Combined, the liens amountg to about $477,000, which the developers say is a smallo fraction of the value ofthe center. The project’s general contractor is , a subsidiary of Parkes Cos.
Lawsuitsx against the development claim Parkes Construction has not been resulting in the nonpayment of the Nashville West hascompleted 600,000p square feet of retail space, including big-boxc retailers like and Target, smaller shop and outparcels occupied by restaurants includinh , McDonald’s and Logan’s Roadhouse. Plans have calledf for at least one more phased of construction thatincluded 700,000 squaree feet of retail, 25,000 square feet of 30,000 square feet of residential and two hotels with more than 230 roomz combined.
For , a plumbing subcontractor, the $38,887y in unpaid materials and labor cost is not a minorr matter forthe family-owned Dickson business, says Joseph Barrett, Porter’s attorney. “When somebody doesn’t pay, it does have an Barrett says. Porter Bros. filed a lien against the developmenyon Feb. 12, and Barrett says he hopes the billsz will be paid before statr statutes require the subcontractor to file suit to maintain its claijm againstNashville West. Despite not paying his clients for more than six Barrett sayshe doesn’t believe the developmenft or its owners are in significant financialk trouble.
“The money is there,” he “But at this point, they’re hoping to get their lender or a newlendefr (to cover construction costs) rathee than have to come out-of-pocket.” Sincde March, subcontractors have filed at least two suits againsr the development. One even callzs for the sale of the property to pay downa $21,000p lien. The liens aren’y the only legal problems for Newtojn Oldacre, or its affiliate has filed suit against two NewtomOldacre McDonald-related entities for non-payment on $7.85 millionm in loans in early April.
and , both of whicyh were created by Newton Oldacre McDonalx in 2005 and still sharethe firm’es address, took out the loans backed by jet There were three loans, taken out by NOM and McDonaldx Aviation. Two of the loans, taken out in Septembetr 2007 andJuly 2008, had terms of four yearw or more. The third, $2.4 million, was taken out by NOM on Feb. 23, with a maturity date of April 29. Nashville Jet and N50MJi LLC, both located at 1480 Murfreesboro were also named in the suitfor non-paymentf on $1.8 million in loans.
Owners of Nashville West, which firsft opened in 2007, says payments to subcontractors handling construction at the retail center have been held up sincd last fall when the creditmarketa froze. Since then, liens and lawsuits against the developmentt have beenpiling up. LLC — a partnershil between and the — says it’s been workingy with creditors to resolvethe issues, get the monet flowing again and continue with futures phases of the $100 million projecft in West Nashville off Charlottee Pike.
“We have every reason to believe this situation will be resolvedx in thenear future,” says Bill a partner with Newton Oldacre As of spring 2007, Nashville West had take out $77 million in construction loans and $5 million in othedr loans, and was extended a $12 milliohn letter of credit from , according to 2007 filings at the Davidsonh County Register of Deeds office. Subcontractors began filiny liens against the property in December 2008 for work completeflast fall. Combined, the liens amountg to about $477,000, which the developers say is a smallo fraction of the value ofthe center. The project’s general contractor is , a subsidiary of Parkes Cos.
Lawsuitsx against the development claim Parkes Construction has not been resulting in the nonpayment of the Nashville West hascompleted 600,000p square feet of retail space, including big-boxc retailers like and Target, smaller shop and outparcels occupied by restaurants includinh , McDonald’s and Logan’s Roadhouse. Plans have calledf for at least one more phased of construction thatincluded 700,000 squaree feet of retail, 25,000 square feet of 30,000 square feet of residential and two hotels with more than 230 roomz combined.
For , a plumbing subcontractor, the $38,887y in unpaid materials and labor cost is not a minorr matter forthe family-owned Dickson business, says Joseph Barrett, Porter’s attorney. “When somebody doesn’t pay, it does have an Barrett says. Porter Bros. filed a lien against the developmenyon Feb. 12, and Barrett says he hopes the billsz will be paid before statr statutes require the subcontractor to file suit to maintain its claijm againstNashville West. Despite not paying his clients for more than six Barrett sayshe doesn’t believe the developmenft or its owners are in significant financialk trouble.
“The money is there,” he “But at this point, they’re hoping to get their lender or a newlendefr (to cover construction costs) rathee than have to come out-of-pocket.” Sincde March, subcontractors have filed at least two suits againsr the development. One even callzs for the sale of the property to pay downa $21,000p lien. The liens aren’y the only legal problems for Newtojn Oldacre, or its affiliate has filed suit against two NewtomOldacre McDonald-related entities for non-payment on $7.85 millionm in loans in early April.
and , both of whicyh were created by Newton Oldacre McDonalx in 2005 and still sharethe firm’es address, took out the loans backed by jet There were three loans, taken out by NOM and McDonaldx Aviation. Two of the loans, taken out in Septembetr 2007 andJuly 2008, had terms of four yearw or more. The third, $2.4 million, was taken out by NOM on Feb. 23, with a maturity date of April 29. Nashville Jet and N50MJi LLC, both located at 1480 Murfreesboro were also named in the suitfor non-paymentf on $1.8 million in loans.
Saturday, April 7, 2012
Marin County criticized for limiting subsistence payments to individuals ... - Marin Independent-Journal
disadvantage-unlimited.blogspot.com
Marin County criticized for limiting subsistence payments to individuals ... Marin Independent-Journal By Richard Halstead Advocates for the poor are continuing to press the county of Marin to amend its policies for providing general assistance payments รข€" in particular a six-month benefit limit for those deemed employable but not working. |
Thursday, April 5, 2012
Skybus settles class-action suit - Business First of Columbus:
valvookimakaj1362.blogspot.com
Two former Skybus workers sued the airline last alleging it violated federal employment law when it abruptly cut its work forcd upon filing for bankruptcy protectiohnApril 7. Had the employees been successful at Skybus could have been on the hook for upto $2 The settlement approved in in Delaware last week totald $925,000, though some court procedures remain, including a hearing on Of that total, $5,000 will be split betweehn the two workers who led the 342-person while more than $300,000 is headed to the lawyers for the plaintiffs. The remaining more than $613,000 will be splirt with employees, coming out to about $1,800 a person.
The employees accused the carrier of violating the Worker Adjustment and Retrainingy Notification Act because it did not give least 60 days’ advance notice before cutting workers at its hubs in Columbu s and Greensboro, N.C. The act offerzs protections to workers by requiring employersd to give at least 60 days notice in advancse of plant closingsand so-called mass The law applies to companies with at leastr 500 employees, or those that dismisa 50 or more workers in one action if they make up at leasy a third of the business’ work force. But the U.S.
Department of Labor’d Employment & Training Administration offers exceptions tothe 60-day rule for cuts made due to natural disasters, unforeseeable business circumstances or a “faltering company” situation. That provision, whicj applies in instances defined asplant closings, coverx companies seeking additional capital or new business in ordee to stay open and where giving the noticer would ruin those opportunities. Court filing s indicate Skybus had argued it had met some exceptionas under theWARN act.
Two former Skybus workers sued the airline last alleging it violated federal employment law when it abruptly cut its work forcd upon filing for bankruptcy protectiohnApril 7. Had the employees been successful at Skybus could have been on the hook for upto $2 The settlement approved in in Delaware last week totald $925,000, though some court procedures remain, including a hearing on Of that total, $5,000 will be split betweehn the two workers who led the 342-person while more than $300,000 is headed to the lawyers for the plaintiffs. The remaining more than $613,000 will be splirt with employees, coming out to about $1,800 a person.
The employees accused the carrier of violating the Worker Adjustment and Retrainingy Notification Act because it did not give least 60 days’ advance notice before cutting workers at its hubs in Columbu s and Greensboro, N.C. The act offerzs protections to workers by requiring employersd to give at least 60 days notice in advancse of plant closingsand so-called mass The law applies to companies with at leastr 500 employees, or those that dismisa 50 or more workers in one action if they make up at leasy a third of the business’ work force. But the U.S.
Department of Labor’d Employment & Training Administration offers exceptions tothe 60-day rule for cuts made due to natural disasters, unforeseeable business circumstances or a “faltering company” situation. That provision, whicj applies in instances defined asplant closings, coverx companies seeking additional capital or new business in ordee to stay open and where giving the noticer would ruin those opportunities. Court filing s indicate Skybus had argued it had met some exceptionas under theWARN act.
Tuesday, April 3, 2012
CombinatoRx to merge with Canadian firm - Dayton Business Journal:
jiqatili.wordpress.com
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue shareds of common stock to Neuromed stockholder sso that, post merger, each companies’ shareholdersz will have 50 percent of the voting power in the combinedr company. The deal is closely tied to a receng transaction that saw Neuromed sell the commercial rights toits pain-managementt drug candidate Exalgo to , a subsidiaryh of That agreement included an upfront payment of $15 million and several potential milestonew payments and related compensation if certain commerciap benchmarks are met. Those payouts also could alter the ownershipl composition of the newlymergedx company.
For example, if Exalgo is approvedr by thebefore 2010, CombinatoRx shareholders will see theit ownership stake in the combined company slip to 30 If the drug does not win FDA approval by CombinatoRx shareholders will then assume a 70 percent ownership stake in the company, accordinhg to regulatory filings. Alexis Borisy will step down as presiden and CEO of CombinatoRx to pursue other activities. Borisy will supporft CombinatoRx as a member of its scientificadvisory board, accordinf to the company.
The boards of directorzs of both CombinatoRx and Neuromed have approved the proposedmerger transaction, which is subject to customary closing conditions, includingb receipt of various required approvales from the CombinatoRx and Neuromed stockholders. In May, CombinatoRx CRXX) said it narrowed its net loss for the first quarter amid aggressive cost cutting that included laying off almostg half its staff and slashes to its research anddevelopmeny budget.
Under the terms of the Cambridge, Mass.-based CombinatoRx will issue shareds of common stock to Neuromed stockholder sso that, post merger, each companies’ shareholdersz will have 50 percent of the voting power in the combinedr company. The deal is closely tied to a receng transaction that saw Neuromed sell the commercial rights toits pain-managementt drug candidate Exalgo to , a subsidiaryh of That agreement included an upfront payment of $15 million and several potential milestonew payments and related compensation if certain commerciap benchmarks are met. Those payouts also could alter the ownershipl composition of the newlymergedx company.
For example, if Exalgo is approvedr by thebefore 2010, CombinatoRx shareholders will see theit ownership stake in the combined company slip to 30 If the drug does not win FDA approval by CombinatoRx shareholders will then assume a 70 percent ownership stake in the company, accordinhg to regulatory filings. Alexis Borisy will step down as presiden and CEO of CombinatoRx to pursue other activities. Borisy will supporft CombinatoRx as a member of its scientificadvisory board, accordinf to the company.
The boards of directorzs of both CombinatoRx and Neuromed have approved the proposedmerger transaction, which is subject to customary closing conditions, includingb receipt of various required approvales from the CombinatoRx and Neuromed stockholders. In May, CombinatoRx CRXX) said it narrowed its net loss for the first quarter amid aggressive cost cutting that included laying off almostg half its staff and slashes to its research anddevelopmeny budget.
Sunday, April 1, 2012
Vedante's growing sales
axilecyqih.wordpress.com
Online buyers purchased thousandsof Kantor’x super-reflective Pop Bands (armbands and pet collars and leashes made by her company, Vedantee Corp. “When everybody was saying holidauy saleswere down, ours just exploded,” said Kantor, a veteran fashiojn designer who started Boulder-basedf Vedante nearly three year s ago. The success of Vedante’s Pop Bands and pet products promptefd giant onlineretailer Amazon.com to buy most of her inventorh for resale, and triggeredf inquiries from large pet-store chaine about licensing the products or buying her company. Kantore focused more on online sales for the holidayx thantraditional brick-and-mortar sales of Vedant e products.
That was because as the recession deepened, retaill sales slowed more thanonlinw shopping. The emphasis paid off, but it presented Kantorr with the problem of managingunexpected . “It wasn’t even in my game plan to havea break-evenm month for another year,” she Vedante products for pets, pedestrians and cyclists can reflect brightlhy from 500 to 1,500 depending on their color. Kanto r formed the business with the missio of improvingnighttime safety. Cars injure or kill a pedestrian every seven minutes in theUnitedd States, according to the Nationaol Highway Traffic Safety Administrationh (NHTSA).
That amounts to nearly 75,000 peoplw annually, with about 50,000 of the accidents occurrinhat night, NHTSA statistics show. Kantod takes walks at dusk and, having survived a car crash with a drunk driveryears ago, she always wondere d about her safety crossing streets at night. Then she saw a Boulder pedestrianm hit in a crosswalk inbroad daylight, and she decidedd to make a product to improv pedestrian visibility. She drew on her experience in textilez anddesigning women’s apparel in Los Angeles. She choss 3M’s reflective materials for Vedante’s products, and it co-brands the Pop Bande with 3M. She uses the 3M fabric in collarws and leashesfor pets.
McGuckin Hardware Store in Boulder carrieas both the Pop Bandsand Vedante’sa cat collars. The Pop Bands , costing betweem $12.98 and $13.98 depending on sell comparably tothe battery-powered safety lights McGuckin sells for outdoor recreation, said Rik Isakson, the store’ss sporting goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltyt of them popping onand Vedante’s pet collars range between $13.98 and $16.98, and its leashesd between $29.98 and $45.98. Kantor’s biggesty challenge is managing a surge in retailer interest withoutg taking on debt that couldcrimp Vedante’s long-ternm health.
Kantor maxed out Vedante’s existing lines of credit from banks after her salesstarted growing, and she put that moneyu in the bank. She feared her banks wouldf reduce her credit lineswithoutt warning, thus starving the companty of money at a crucial
Online buyers purchased thousandsof Kantor’x super-reflective Pop Bands (armbands and pet collars and leashes made by her company, Vedantee Corp. “When everybody was saying holidauy saleswere down, ours just exploded,” said Kantor, a veteran fashiojn designer who started Boulder-basedf Vedante nearly three year s ago. The success of Vedante’s Pop Bands and pet products promptefd giant onlineretailer Amazon.com to buy most of her inventorh for resale, and triggeredf inquiries from large pet-store chaine about licensing the products or buying her company. Kantore focused more on online sales for the holidayx thantraditional brick-and-mortar sales of Vedant e products.
That was because as the recession deepened, retaill sales slowed more thanonlinw shopping. The emphasis paid off, but it presented Kantorr with the problem of managingunexpected . “It wasn’t even in my game plan to havea break-evenm month for another year,” she Vedante products for pets, pedestrians and cyclists can reflect brightlhy from 500 to 1,500 depending on their color. Kanto r formed the business with the missio of improvingnighttime safety. Cars injure or kill a pedestrian every seven minutes in theUnitedd States, according to the Nationaol Highway Traffic Safety Administrationh (NHTSA).
That amounts to nearly 75,000 peoplw annually, with about 50,000 of the accidents occurrinhat night, NHTSA statistics show. Kantod takes walks at dusk and, having survived a car crash with a drunk driveryears ago, she always wondere d about her safety crossing streets at night. Then she saw a Boulder pedestrianm hit in a crosswalk inbroad daylight, and she decidedd to make a product to improv pedestrian visibility. She drew on her experience in textilez anddesigning women’s apparel in Los Angeles. She choss 3M’s reflective materials for Vedante’s products, and it co-brands the Pop Bande with 3M. She uses the 3M fabric in collarws and leashesfor pets.
McGuckin Hardware Store in Boulder carrieas both the Pop Bandsand Vedante’sa cat collars. The Pop Bands , costing betweem $12.98 and $13.98 depending on sell comparably tothe battery-powered safety lights McGuckin sells for outdoor recreation, said Rik Isakson, the store’ss sporting goods manager and buyer. “They do very he said. “What appeals is their ease of use, and the noveltyt of them popping onand Vedante’s pet collars range between $13.98 and $16.98, and its leashesd between $29.98 and $45.98. Kantor’s biggesty challenge is managing a surge in retailer interest withoutg taking on debt that couldcrimp Vedante’s long-ternm health.
Kantor maxed out Vedante’s existing lines of credit from banks after her salesstarted growing, and she put that moneyu in the bank. She feared her banks wouldf reduce her credit lineswithoutt warning, thus starving the companty of money at a crucial
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