Saturday, September 29, 2012
IRS offers tax credits for hiring veterans and youths - Portland Business Journal:
The economic-stimulus bill added thesed groups of workers to 10 groupas that previously were covered unde r the work opportunitytax credit. To take the businesses must file a certification requesyt withstate work-force agencies by Aug. 17 for unemploye veterans and “disconnected youth” hirer between Jan. 1 and July 17, 2009. The IRS has publishedf a revised Form 8850 that employers must use to obtain this The tax credit for hiring these two typesx of workers will continuethrough 2010.
To qualifuy as an unemployed veteran, the worker must have been dischargefd from the military within five years of the day he or she is hirefd and have received unemployment benefits for at least four weekse during the year before thehiringy date. A “disconnected youth” is is age 16 to 24, lackw basic skills and has not been regularly employed orattending school.
Friday, September 28, 2012
ECIDA backs 3 projects - Business First of Buffalo:
The ’s directors approved an incentive package that will enable the storse to open at 517Niagara Street. The unanimously, approved the incentives for and the 1093 Group for theproposede store. The project carries a $1.26 milliom development price tag. Construction on the 8,000-square-foogt store is expected to start this monthu and the Family Dollar outlet is due to open by late The store will employ 15 people ona full- and part-timr basis. The store is beingv constructed on the site of a long vacanrgas station. Ellicott Development invested morethan $250,000 remediating the site, aboutf $150,000 more than originally anticipated.
“This a brownfielc redevelopment project,” said Karen Fiala, ECIDA coordinator of Tax Incentive Products. “It is in a highluy distressed area that’s in the heart of city’s lower West Side. It is providing retail serviced to some of the poorest residents in the City of Fiala said, according to information, there is a high percentagre households, headed by females, that have median incomw levels well below the poverty level. Some 56 percent of the household s in the area immediatel surrounding the proposed store do not have acceszs or can afforda vehicle.’ “Having a generao merchandise store there is very important to the Fiala said.
• The ECIDwA directors also unanimously approveda $5.454 million inducement resolution package that will help 2880 Transif Road LLC finance the construction of Katie’a Place, a senior apartment complex along Transitf Road in West Katie’s Place is being developed by The project features 50 senior apartments in a two-story • The agency’s directors amended a previously approvedr incentive package for that will enable the company to starrt a $10.14 million expansion and renovatioj of its Cheektowaga plant.
API will be addinb 61,000-square-feet to the Walden Avenue
Thursday, September 27, 2012
Gee steps down from Massey board - Business First of Columbus:
“Massey Energy appreciates and understandsx Dr. Gee’s desire to devote his attentionbto Ohio,” the company said in a “Since 2000, Dr. Gee has servexd Massey Energy with His wisdom, advice and experiencwe will be greatly missed.” Gee received $219,261 in fees and other awards tied to his seat on the Massey board last year, according to documents filed with the Securitiees and Exchange Commission. It was one of four boards of which Gee is a He also serves as a directorfor Columbus-basex , toy maker (NYSE:HAS) and (NYSE:GET), which runs specialtyg hotels and entertainment spots, including the Grand Ole Opry in Tenn.
Tuesday, September 25, 2012
Ammunition - Federal, Hornady, Remington and Force-On-Force - Officer.com
Ammunition - Federal, Hornady, Remington and Force-On-Force Officer.com OfficerStore.com knows practice, recertification and daily duty demands dramatically impact ammunition supplies of law enforcement agencies across the country. Strategic response to the situation has allowed OfficerStore.com to take aim on tight ... |
Monday, September 24, 2012
Six Flags files Chapter 11 - Minneapolis / St. Paul Business Journal:
New York-based Six Flags (OTC BB: said its reorganization plan has unanimous support of its steering committee and the administrative agent forthe company’ds $1.1 billion senior secured credit The plan would deleverage the company’se balance sheet by $1.8 and cut more than $300 million in mandatorily redeemable preferred stock obligations. The company listed assets of $3.03 billion and debtz of $2.36 billion in its filing. “The currenr management team inheriteda $2.4 billio n debt load that cannot be sustained, particularly in these challenginh financial markets,” said Mark Shapiro, president and CEO of Six in a statement.
“Axs a result, we are cleaning up the past and positioning the company for future Following a record year of performancein 2008, whicgh completed the three-year turnaround of our system-wide park operation, this action to clean up the balancd sheet paves the way for a full revivalk of the company. Six Flags has 97.7 million shares of common stockand 1.1 millionb shares of preferred stock. Six Flags’ stock closed June 12 at 26 centaa share. Six Flags reported a of 2009. It had a in 2008. Six Flagsx operates Atlanta's Six Flags Over Georgia, America n Adventures and Six Flags White Waterftheme parks.
Saturday, September 22, 2012
Downtown Staybridge Suites seeks receivership - The Business Review (Albany):
SJ Properties Suites Buyco EHF, whicgh includes an investor from Reykjavik, Iceland, filed the petition Monda y in Milwaukee CountyCircuit Court. Judge Mel Flanaganj scheduled a hearing for June 30 on a motiob to appoint Milwaukee attorney Seth Dizard asthe receiver. Work stoppef in December 2008 onthe high-rise at 1150 N. Water Streeg when the construction manager and developert DOC Milwaukeebecame insolvent, according to the receivership petition. The Icelandic investorxs said that in November 2006 they provided an advanc eof $17.4 million for a 120-room extended stay hotel and at leasg 18 luxury condos. The project also receive d $13.
4 million in financing from a unit of in which in May was placed in receivership bythe FDIC. The Milwaukee receivership petition said the property on Water Street already has furniture, flooring and fixturesz in the Staybridge portion of project. Liens against the projecrt total morethan $3.4 million, accordinvg to the receivership petition. The largest liends were filed by Milwaukee-area contractorsz and suppliersUihlein Electric, , and Klein-Dickert. SJ Propertie s recently sued DOC Milwaukee and Economou Partnersin U.S.
Districr Court in Milwaukee claiming a fraudulenf transfer of funds intended for the WaterStreet
Friday, September 21, 2012
Bvlgari Golf Cup Takes Place in Tuscany - Examiner.com
Examiner.com | Bvlgari Golf Cup Takes Place in Tuscany Examiner.com Location: argentario glof club, italy. 42.420009613037 ; 11.185796737671. The appetizers will be prepared by the resort's Dama Dama Restaurant, specialized in Tuscan cuisine and prepares dishes with products from its own organic vegetable garden and ... |
Thursday, September 20, 2012
Kindle Classics on Audible.com, for Free - Houston Press (blog)
Kindle Classics on Audible.com, for Free Houston Press (blog) Everybody likes getting stuff for free. Getting good stuff for free is even better. As a Kindle owner, we're faced with the possibility of shelling out as much as $600 for one of the new and improved devices being released in November, so getting ... Amazon announces 'momentous steps forward for reading' |
Tuesday, September 18, 2012
Egyptian cabinet denies ordering dispersal of peaceful protests - Ahram Online
Ahram Online | Egyptian cabinet denies ordering dispersal of peaceful protests Ahram Online "The Cabinet denies recent reports about the forceful dispersal of peaceful protests, affirming the right of citizens to stage peaceful and legal demonstrations...without hindering the affairs of other citizens or damaging public or private property ... |
Monday, September 17, 2012
SP Govt constituting farmers commission ... to make agriculture profitable venture - Daily Pioneer
SP Govt constituting farmers commission ... to make agriculture profitable venture Daily Pioneer To strengthen farmers financially, the Samajwadi Party government will ensure that they get the actual price of their crops. For this, the state government is constituting an farmers commission to make agriculture a profitable venture in UP. This was ... |
Saturday, September 15, 2012
Larry Page Executive Profile
The son of Michigan State University computer scienceprofessord Dr. Carl Victor Page, Larry'ws love of computers began at age six. While followinvg in his father's footsteps in academics, he becamee an honors graduate from the Universitytof Michigan, where he earned a bachelor's degree in with a concentration on computerr engineering. During his time in Ann Arbor, Larrty built an inkjet printer outof Lego
Friday, September 14, 2012
Balsillie: Bids to keeps Coyotes in Glendale would need $20 million government subsidy - Phoenix Business Journal:
Balsillie, CEO of BlackBerry makerf Researchin Motion, has offered $213 millioj for the financially ailing hockey team with plans move it to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum on Mondagy rejected Balsillie’s bid, saying the Canadian’sx June 29 deadline does not give the cour t enough time to deal with the Coyotes Chapte r 11bankruptcy reorganization. Balsillie’s representatives said Tuesday mornin g that he is considering reworking the bid with a different The National Hockey League and the city of Glendalre oppose the move and are looking for buyerx that would keep the team in That includes discussions with Chicagi White Sox and Chicago Bulls owner Jerry The Coyotes have lost morethan $300 millionb since moving to the Phoenix markeyt from Winnipeg in 1996 and couls lose $40 million or more this calendar according to bankruptcy court filings.
Glendaler had been working with Coyotes ownet Jerry Moyes before he put the team into Chapte 11 in May and announced the proposed sale of the team to The west-side suburb also has been workingy with the NHL and had discussionsw with Reinsdorf regarding a possible bid and lease concessiona and other help the city might offer. Balsilli representatives said Tuesdaythe $20 million estimatwe stems from bankruptcy court filings outliningt potential help for the team Glendalw might offer the Coyotes.
They also said incentives couls run into financial and legal issuexsas Phoenix-area governments budget troubles and the Arizonsa Supreme Court is looking at the legality of economicc development and other subsidies.
Thursday, September 13, 2012
FDIC approves one-time fee for banks - Boston Business Journal:
Originally, the assessment was 20 centa perevery $100 of domestic deposits, which triggered bitterf opposition by organizations representing smaller including the . “This is a majoe policy shift advocated by ICBA that lowers the specialp assessment forour nation’s more than 8,00o0 community banks that didn’t participate in the practices that led to this economif crisis, yet were originally aske to pay for the sins of thosre who did,” ICBA Chairman R. Michaepl Menzies said in a statement. Several community bankzs said they were concerned that the original assessment would reducstheir loan-making capabilities.
Earlier, Congress passed legislatioj to increasethe FDIC’s borrowing authority with the from $30 billiohn to $100 billion with a proviso for emerginhg funding of as much as $500 The FDIC said this step was necessaryt to reduce the assessment on banks.
Tuesday, September 11, 2012
Brad Preber named to head Grant Thornton
Brad Preber officially will be named managing directorJune 4. He will be responsiblee for building theaccounting firm’s primaryu business lines of auditing, advisory and tax services. The announcement coincide withthe Chicago-based company’s five-year anniversary in the Phoenix market. Joel Grant Thornton’s West regiom managing partner, said Preber’s success in Albuquerque, and Phoenix proves he can be aneffectivre leader.
“Combined with his knowledge, passion and keen businesxs acumen, I know that Brad will lead our officeas to continued growth in the year s to come and exceedall expectations,” Anik Preber will replace Ed O’Brien, who is leavingv to head the firm’s Dallaws office. O’Brien and partner Ken Garrett were instrumental in establishingf thePhoenix office, which has grow n to 65 employees. Preber wants to doublwe that number in the next five focusing onserving middle-market clients with annual salea of $50 million to $2.5 billion.
“The marketplacee is significantly underserved,” said who also leads Grant Thornton’s national litigatio n services practice and is the regional leaderof forensics, investigationsx and litigation services for the West. Granr Thornton is not the only accountin g firm seeking to gain market sharde in the Valleythrough expansion. On June 1, LarsonAllenn LLP finalized its acquisitionof Scottsdale-based Cronstrom, Osucy & Co. PC. Since the Minneapolis firm entererd the Phoenix marketin 2005, it has acquirec five accounting practices.
Beyond the business side, “I really want to take Grant Thornton’s involvement in the community to thenext level,” Prebe said. Grant Thornton also named David Griffiths executived director of its state and local tax Griffiths has 25 years of experience developing and implementingtstate tax-reduction strategies for large and midsize corporations, along with expertisde in state income, premium, property, sales and payrolk taxes.
Grant Thornton LLP:
Monday, September 10, 2012
Carve a pumpkin for charity - Burlington Hawk Eye
Carve a pumpkin for charity Burlington Hawk Eye Pzazz Entertainment Complex is donating $5,000 in cash prizes to local charities in the first Pzazz Pumpkin Carving for Charity event Oct. 14. Twelve charities will be selected to compete in the competition at Pzazz Convention and Event Center. Each ... |
Sunday, September 9, 2012
Pension fund backs clean-energy effort - Business First of Buffalo:
million investment made by the . , whichg makes renewable energy systems, will receivde funding through its ties with The investment was announcee Wednesday by state Comptroller Thoma DiNapoliat Hebeler’s facility. It is the second seven-figur investment by the pensioh fund, overseen by the comptroller’s office. An initial investment of $1 million to the clean-energy technologyt company was made in October 2007 througu thepension fund’s partnership with Potsdam-based ZeroPoint Clean Tech Inc.
produce s proprietary Biomass Gasification Systems that convert renewablse biomass into synthesis gas that can be used as a renewablse replacement fornatural gas, officials Biomass sources, such as wood agricultural waste and forestry waste, are infinite renewabl resources that can be harnessedx using the ZeroPoint systems to produce renewabl e electricity and clean synthesis gas. The gasification process is a closed-loop process that does not produce anyairborne emissions.
Friday, September 7, 2012
Will ECB's reign end pain in Spain? - Washington Post
CBC.ca | Will ECB's reign end pain in Spain? Washington Post The European Central Bank's newly announced bond-buying program continued pushing regional stock markets up and key interest rates down Friday รข" just the sort of confidence-building effect that its president, Mario Draghi, had hoped for. But in the ... Spain under scrutiny after EC B bond-buying plan Spain's 10-year yield drops below 6% Spain to discuss ECB aid next week -deputy PM |
Thursday, September 6, 2012
Survey: Home builders more upbeat - Pittsburgh Business Times:
“Builders are responding to what they perceive to be some of thebest home-buyingt conditions of a lifetime,” says Joe Robson, NAHB “You’re not likely to get a betteer deal in terms of mortgage rates than what’ss available right now. Combine that with the affordable prices, multitude of home choiceds and $8,000 tax credit for first-time buyera that are now available, and you have a very appealinvg set of reasons to make a The index rose two pointd to 16in May, which indicates home builders feel “we’r at or near the bottom of the market and that positive signs lie ahead for builders and potential home buyers, providec that builder access to production credit significantlh improves,” NAHB Chief Economist Davisd Crowe says.
The HMI gauges builderr perceptions ofcurrent single-family home sales and sales expectationas for the next six months as “fair” or “poor.” It also asks buildersx to rate traffic of prospective buyerw as “high to very high,” or “low to very low.” The May indec gauging current sales conditions was up two pointxs to 14. The index gauging sales expectations for the next six monthw rose three pointsto 27. The indesx gauging traffic of prospective buyers remaines unchangedat 13. Regionally, the Northeasy posted a three-point gain in its HMI to 18.
Tuesday, September 4, 2012
Review: Ben Affleck's 'Argo' expertly entertains and educates - HitFix (blog)
HitFix (blog) | Review: Ben Affleck's 'Argo' expertly entertains and educates HitFix (blog) Luckily, Mendez has an inspiration while watching, of » |
Monday, September 3, 2012
Ooma gets $16M in 3rd round - Silicon Valley / San Jose Business Journal:
Palo Alto-based ooma said funders includedMenlo Park-based , San Mateo-based , San Francisco-based LLC, China-based , the Washington, D.C.-based (a venturer capital fund whose board includes the chairman of the Federa Communications Commission), and San Francisco-based . “This fundingf is the next stepin ooma’s continued nationap expansion. Investments will be made in additional an expanded support team and a nationalkretail network,” said Andrew Frame, ooma CEO.
“Ag ooma, we are dedicated to offering consumers a high qualityy and economical domestic telephone We all should expect more from the phonr industry than bundled pricing At ooma, we believe the phone should be the communicationj hub of the home, and we plan to continued evolving our product and services to adapt to our home communication needs and preferences.”
Sunday, September 2, 2012
Law to protect workers has others fearing for jobs - Kansas City Business Journal:
The state’s Independent Contractor law, also knowbn as the Misclassification Law, was created in 2004 to protectr construction workers from beingdeliberately “misclassified” by companies as contractg workers who receive no benefits, insteadf of as employees who by law are entitled to a varietyh of benefits. Companies that violate the law are subjecgt totreble damages, as well as potential criminao charges. Since the law was enacted, the attorney general’zs office has gone after construction firms, the apparenyt intent when the measure passed throughthe Legislature.
But the law is in no way limite toconstruction companies, which left some lawyers specializing in employmentg matters wondering in recent years whethedr other businesses might become targets. Moreover, the law explicitlh holds top executives liablefor violations. Earlier this month, executives at Pearson Education, a textbook publisher in UpperSaddle River, N.J., apparently decided to interpret the law more Not wanting to risk prosecution by Massachusetts authorities, the company decided to discontinuwe work with all of its freelancers in the state.
Freelancde editor and writer John Sisson counted Pearson Education as one of his largesft clients until hereceived e-mails from the companyh notifying him Pearson, citinvg the Independent Contractor Law, no longere would use Massachusetts contract workers. “I’vew lost business and I stand to losemore business,” said a Newton resident. “It hurts firms in Massachusetts because it does not allowa them to outsource the work they need to do and it hurtsw independent professionals who rely on that Sisson said.
“The fact of the mattefr is that theattorney general’x office is between a rock and a hard It’s a bad law and they’re in chargw of enforcing it.” A Pearson spokeswoman declined to commenr for this story. Critics of the law are also concernexd that a successor to Attorney General Martha Coakle could choose to interpret the law more broadlgy than she or her stafftapparently has. “A number of employmenft lawyers have worried since the law was enacted that a differenft attorney general might take a much broader and aggressive approacyhto it,” said Joshua M.
managing shareholder of the laboer and employment lawfirm Ogletree, in “The law was designed to protect folkss who the Legislature believedc were being wrongfully denied benefits.” Davis notezs that some clear guidance from the AG’s officde about the scope of the law is needed. The fact that an out-of-state firm has decided not to work with Massachusett s freelancersis worrisome, but not yet a crisis, said Stephe n Adams, a small-business advocatew in the ’s Boston office. “We don’t know if it’es isolated and we don’t know if it’es warranted,” Adams said.
“The problem is for the you’re relying on the AG’s interpretationh and power toset priorities. you do want to fix the