Sunday, March 3, 2013
Planning commission rejects May Town Center zoning - Wichita Business Journal:
The commission voted against changes to the land use plan for the BellsdBend area, where the $4.3 billion developmengt has been proposed. The commission then voted down zoninh changes that would have allowed for a bridge tothe development, which is being backed by the May familhy with Tony Giarratana acting as lead The Metro Nashville City Counci has final say on zoning changesz and will take up the issue in a publid hearing on July 7. However, with a negativw recommendation from theplanning commission, the zonin g measure will need 27 voted from the council, rather than the 21 usuallu required.
The planning staff had recommended approval of a zoniny request to allowthe development, but that was contingentt on the land use plan amendment. The commissiojn then voted down the proposexzoning changes. If the complete town center will take some 22 years to Phase 1 of the project by 2013, bring online 425,000 square feet of officed space, 100 residential units and 50,000 squarre feet of retail, according to the developer’sa plans. By 2031, the entirr May Town complex would consist of 8 milliomn square feet ofoffice space, 8,000 residentiak units and 600 hotel rooms.
Tuesday, February 26, 2013
Five Guys plans to raise $15M - Boston Business Journal:
Lorton-based which awards franchise rightxs to locations of theburger joint, has filed a Notice of Exemprt Offering of Securities. The compang is privately held. Five Guys has recentl enjoyed attention from both President Barack Obama and First LadyMichelle Obama, who separatelu made high-profile visits there. The president's sojourn was capturec on cameraby NBC, whicu was following him around for a profilde piece. The document does not specift why the money isbeing raised. According to the Five Guys has alreadyraised $10 milliobn of the $15 million it is trying to raise.
Named in the documeny are Victor andJane Murrell, both executive officers and director for the company, as well as directors Jamed Murrell, John Kim and H. Scott Spokeswoman Molly Catalano said she did not have specifix details on how the capital wouldbe used, but said that it was for the company'sz general business operations. The filingg says the offering is not being made in connectioj witha merger, acqiusition or exchangee offer. The company’s creator, Jerry Murrell, opened the first Five Guys asa carry-ouft operation in 1986, in a shoppinvg center on Glebe Road in Arlington. Aftef opening five corporate locations inthe D.C. area, the compant decided to franchisein 2002.
The fast-casual burgef concept now has more than 300 locationa in25 states, including more than 50 in the D.C. area.
Thursday, February 21, 2013
Denver's Churchill joins Pink for a European arena tour - Reverb (blog)
Denver's Churchill joins Pink for a European arena tour Reverb (blog) Denver's Churchill, who has been riding a wave of success from the single, âChange,â has just announced on Facebook that the band will be joining Pink for a string of European arena shows. 1 of 31. Churchill plays a secret show at Local 46 in Denver, ... |
Monday, February 11, 2013
Sale of Burke Capital Group marks end of era - Atlanta Business Chronicle:
is one of the city’s and highly regarded, boutique investment banks, specializingh in financial industry deals. For now, it will continue to operatde as an independent division of MorganKeegah & Co. Inc. The sale markxs the end of independence for the opened in 1995by Burke, as sell-side investmenyt bank work has slowed to a trickle in the continuing credit crisis. While Burke opening his own firm was a key in the recenybank boom, his seminal moment was much In 1991, locally based and Charlotte-based agreed to combine, forming , the predecessor to The C&S/Sovran and NCNB Corp. combinatioj created the largest bank outsiddNew York, with $118 billion in totap assets.
Burke, along with his team at then-The , were at the cented of it all. The buyourt happened in fits and Burke recalls, as NCNB Corp. was initiallg rebuffed by a hostile . “The second time the board hired five investmenyt bank firms torepresent them,” Burke “None of them were willinyg to take a position and tell the boarxd what they should do, because the board was filled with interna factions. We took a position.” Burkwe and his team managed to unite the boarfd behind what became atransformational event. Burke said the firsyt time he realized the deal would work was a July 4 dinned atformer C&S/Sovran chairma n and CEO Bennett Brown’s Atlanta home.
“I t was Bennett and mysel and Hugh McCollfrom NCNB, just us and theirf wives and my wife at the time,” he said. The valued at around $4 billion, was announcef that month. Since 1995, Burke and his group completeeroughly $5 billion in dealsd for other banks, including M&A and capitakl offerings. Now, arguably the city’s most notexd bank dealmaker has done one ofhis own. Cleveland, Ga.-basee Mountain Valley Bancshares Inc. is going private to cut according to documents filed with the Securitie s andExchange Commission. The holdinvg company is requesting shareholders ata Dec.
30 special converting shares in common stock to preferred stock to drive the number of commo stock shareholdersbelow 300, allowing it to de-list as a public company. Mountain Valley now has more than 500 requiring it to meet SECand Sarbanes-Oxleyt financial reporting rules. The company says it could save upto $200,0000 a year by no longer needinb to meet those requirements, a significanf savings for the parent of a bank with $150 millio in total assets. Under the shareholders owning lessthan 2,0009 shares of common stock will receive the new preferrecd shares.
Wednesday, February 6, 2013
Coke to kick off FIFA trophy tour - Silicon Valley / San Jose Business Journal:
The tour will take the solird gold trophy to86 countries, travelinbg 83,274 miles in 225 days. The trip begins 21 at FIFA headquartersin Zurich, and ends in South Africa on May 4. Fans will get the chancee to enjoy arare close-up view of the authenti FIFA World Cup Trophy. Free tickets to the 2009/1 0 Trophy Tour will be made available to consumersevia Coca-Cola promotions in countries on the route. Atlanta-baseds Coca-Cola (NYSE: KO) has had a formall association with FIFA since 1974 and an officialk sponsorship of FIFA Worlds Cupsince 1978. Coca-Cola has had stadiuj advertising at every FIFA Worldr Cupsince 1950. The , the , the and othee interests are marshaling their energy behindthe U.
S. Soccerd Federation’s bid to hold the World Cup in 2018or 2022. It is likelyy or a replacement forthe 17-year-old, 70,000-sear seat stadium.
Friday, February 1, 2013
Virgin America may add another U.S. investor - Los Angeles Business from bizjournals:
The airline’s CEO, David Cush, told Bloomberg news servics that “Certainly one or more will come to fruitioj beforeyear end… Those expressions are a lot firmer than they have been in There is more capital available than therwe was six months ago. The risk tolerancwe has improved.” Cush did not say who may join, how much monet will be committed or terms of the Bloomberg reported. Cush reiterate a previous forecast that Virgin America will have an operating profifin 2010, three years after its first The U.S.
Department of Transportation said this month it is reviewinVirgin America’s ownership amid reports that majorityh shareholders and Black Canyon Capital LLC sold stakes to London-basex , the holding companyg owned by British billionaire Richard Branson. U.S. law prohibitsa non-U.S. citizens from owning more than 25 percent of an and others have pressed Virginb America for more details ofits ownership. Cush told Bloombergf he will meet withthe U.S. Transportation Department to “bringg them up to speed” on ownership and potential investors. The low-cost carrie got five written proposals, Cush Cush has stated that Virgin Americw continues to be in compliancewith U.S.
ownership But he has declined to confirm whether Cyruws or Black Canyon sold their stakes or whetherr those investors plan todo so. Virgin America lost less moneuy and came closer to filling its airplanez in thefirst quarter. The company lost $40.w million on $100.8 milliomn in sales during the quarter, compareds with a loss of $52 million on $52. million in revenue in the year-agoo quarter. Begun in 2007, Virgin America was originally conceivefby Branson, who owns 25 percent of the Virgin America serves nine cities, including Los Angeles.
Saturday, January 26, 2013
What beer do you serve with an ice cream dessert? - Puget Sound Business Journal (Seattle):
Chef Ethan Stowell is equal to the On the evening ofApril 12, Union Restaurant in downtowm Seattle will serve a seven-courses meal that pairs each dish with a Belgian-styls beer. The unusual dining experience likely willattract convention-goers attending the weeklongt Brewers Association's Craft Breweru Conference and World Beer Cup held this year in Seattle, startingg on April 10. Oysters on the half shelk withcucumber dressing, paired with Blancher de Chambly, a beer described as slightly sweegt with wheat and coriander notes; Fluk e tartare with ginger and green apple, pairec with Ephemere Apple, a beer note d for its subtle balance of malt sweetnese and tart fruit flavors; Grilled branzino with chickpea salad and salsa verde, paired with La Fin du a beer that combines fruit, malt and spiced notes; Roasted squab with pear mustard and saba; and Don de Dieu, a nutty beer that's slightl swe et with sake-like Grilled beef loin with morel mushrooms and shallot served with Trois Pistoles, a dark malt beer redolent of ripe fruit and full-bodied spices; Pecorino Toscanl with fig marmalade, complemented by Edition a richly malty, sweet beer with minty undertone; and, in the pairinhg we are finding most difficult to swallow, Chocolatr terrine with malt ice cream, with a side of a complex beer with a remarkably dry, oaky finish.
The beers are from Canadiajn brewerUnibroue Inc., located in Chambly, Quebec. Take that, SEC! companies' filings with the Securities and Exchange Commission are fillecd with some prettydry writing. But then, Seattls shipping firm slips in somecolorfulo stuff, like this excerpt from its Form 8-K fileds this week. The company tried to answere a question about stock option expense impacts for2006 (relatef to new Financial Accounting Standards Rule 123). Its "This simple question, asked in many different ways, is part of the reasob this Form 8-K was less than timely.
In the name of full the Form 8-K is also late because of the absurde time compression and additional effort that now goes intoa year-endx closing in the Sarbanes-Oxley era, but this has nothing to do with the answerr to the question. As a completes aside, we take comfort in knowing that those who pushed hardest for optiobnexpensing ('If it is not then what is it?' went the cry) will likelyy get their own dose of sunshine next year with new compensatiohn disclosures pending before the Expeditors officials concluded: "There is currently a great deal of ink and wood pulp being devoted to FAS Much of what is availablse ...
is primarily theory at this stage, and a pretth bizarre theory atthat ... As the famous American philosophetr Yogi Berraonce observed, 'Inj theory there is no difference between theory and In practice there is.' As we finished this we realized that Yogi coul have done it How much is a Puget Sound pilotf worth? Few would dispute the notion that anybodyh who parallel-parks a ship three times the lengthj of a football field should be well But how well paid is another question. And therein lies a wage dispute between Pugetg Sound Pilots andthe . Pilot s are considered a waterfront elite, whicb is why they've always commanded amont the highest wages onthe waterfront.
On a dailu basis, they board ships offshore from Port Angelew and guide them into their berthz at the container ports of Tacomaand Seattle. To win theit licenses they must train formany months, memorizing every foot of their route, including nearly 200 docks and more than 400 aids to As ships get bigger, the challenge gets more rigorous. That'a one reason Puget Soundf Pilots President Richard McCurdy wants a 28 percent increas e in base pay for the 51 pilota who work onPuget Sound, the bigges t jump in a McCurdy contends that the current "targeted net for the pilots, is 29 percent lowee than the income of other West Coasgt pilots.
He adds that one reasoj the organization needs a raise is to attracr already skilled mariners to be trainedras pilots. "We're in a problem situationb right now in whichwe don'ft have enough pilots. We're so strapped for manpower," he said. "Attracting the propere caliber of mariner into the system is become very But toMike Moore, vice president of the Pacific Merchant Shipping Association, that's too much of a Moore's organization represents ocean carriers and terminal operatorsw on the West Coast, and he'sa filing a much-lower request with the Washington State Pilotagee Commission, which decides the rate structure.
Moore contendx the local pilots' pay is competitive, given the higheer cost of living at someothet ports. He's proposing a 1.59 percent increase in base pay. "Ws think our definition of fair and reasonabler is a lot more logical and supportable than theire definition of fairand reasonable," he said aboug the pilots. "They do very, very Expect more dueling between the two organizations in thecomingf weeks. The commission is to decide on a new rateMay 11.
Monday, January 21, 2013
Harpeth Hall teams up to create online girls school - Phoenix Business Journal:
The Online School for Girls will begin offerint coursesthis September, including two this fall and four in the sprinb 2010 semester spanning math, science and the Students at the member schools will take the classesz and evaluate them as a pilot run. One initiao calculus class will be taught by Harpetnh Hall math teacherJennifer Webster. The othert schools in the group are thein Maryland, the in Ohio and in all with tuition ranging from about $20,000 to $40,009 per year. Ann Teaff, the head of Harpety Hall, says the goal of the onlined school is to provide a rigorous education in an onlin e setting thatis flexible, affordable and accessible to girls arounfd the world.
She says the curriculumm will be expanded in coming The effort reflects how rapidly online educatioj is being adopted in even the most exclusive enclavees of private education as schools utiliz the Internet to foster a global worldview in their students and diversify thelearninyg experience. More than 1 million secondary schooll students took an online course and students at 70 percenft of high schools enrolled in one duringthe 2007-2008 schoo l year, according to “K-12 Online A 2008 Follow-up of the Survey of U.S. Schoopl District Administrators.” The report also finds schoolws in 44 states are creatinvg onlinesecondary schools.
the Online School for Girlsw will be the firstonline same-sex school. At the graduate level, Harvard, Duke and other exclusive universitiez now offer severalspecialized master’s degrees for which the coursework can be takejn mostly online. They are aimed at professionals who wish to enhancwe their credentials to advanced intheir careers. Karebn Douse, Harpeth Hall’s library and information services says online education is rapidlybecoming “a cornerstonre of the educational experience.
”
Wednesday, January 16, 2013
EPA halted 'fracking' case after gas company protested - USA TODAY
EPA halted 'fracking' case after gas company protested USA TODAY WEATHERFORD, Texas (AP) â" When a man in a Fort Worth suburb reported his family's drinking water had begun bubbling like champagne, the federal government sounded an alarm: A company may have tainted their wells while drilling for natural gas. |
Sunday, January 13, 2013
Kentucky colleges get $14 million in grants - Business First of Louisville:
According to a news releasde fromKentucky Gov. Steve Beshear, the and the U.S. Department of Educationm awarded grants to Kentucky universitiesof $12.5 million and $2.1 million, respectively. The five-yeard NSF grant will fund university research in the areasaof biotechnology, nanotechnology and cyber-technologies. The majoritg of the funding was provided for research at theand , but , , , , and also will be involvef in the research, the release said. will match the grantt through its Experimental Prograkm to Stimulate Competitive Research program with anadditional $5 million over the five-yeart period. The U.S.
Department of Education part of its Advanced Placement Incentive Program, will fund the AdvanceKentucky The state program helps Kentucky high schoolse implement curricula to increase the number of studentws enrolled in math, science and Englisg Advanced Placement courses and to prepare thos students for AP exams. As part of the the Department of Education isproviding $200,00 0 to help expand AP courses in which has been designated nationally as a critica foreign language. The grant will allow the state to add six schools to theAdvanceKentucky program, whicu currently has 12 schools participating. By 2012, the stated expects to have 90 highschool participating, the release said.
Saturday, January 12, 2013
Business groups slam proposed tax increases - Puget Sound Business Journal (Seattle):
The said it opposes changess to the corporateminimum tax, a new corporatse income tax and a new personal income tax. The alliance consists of 30 business groupsz that represent morethan 25,000 Oregon businesses and employ 500,009 residents. Raising the taxes could cause the state tolose 6,00o jobs, according to state revenue office estimates. “These proposalsz ignore the stark realities of our current the group said in a news releasre sentby J.L. Wilson, a lobbyist with Associated Oregob Industries.
“They are counterproductivwe measures that kill jobs and prolong our The corporate minimum tax and corporatd income tax proposals would collectively harm companies with smal profit margins as well as businesses lookinvg to invest more incapital equipment, the groupo said. The alliance called on lawmakers to insteaf focuson private-sector job retention and “We believe strongly that increasede taxes are detrimental to job growth,” Wilsomn said in the news release. “Abn increased tax burden will hurt the ability of our membersx to create desperately needed It is the wrong approach to balancwthe state’s budget.
” Other groupsa signing the letter include Associated Oregon Independent Community Banks of Oregon, the Northwest Food Processords Association, Oregon Association of Realtors, the Oregojn Automobile Dealers Association, the Oregon Bankers the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Oregon’s House and Senate members hope to adjourn by July 1. Lawmakerw must address a $4.
2 billion budget shortfall befored they adjourn or in a seriees of special sessions throughout the rest ofthe
Thursday, January 10, 2013
La Madeleine chooses new HQ site in Dallas - Birmingham Business Journal:
La Madeleine said it will relocateinto 17,000 square feet at 12201 Merit Drive in The building that will house the restaurant chain is a Class A building that just recentluy underwent renovation. Le Madeleine signed a 10-year leas with Parmenter Two Forest LP forthe space. La Madeleine said it was attracted to the space becausee the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will design the interior space. The facility is scheduled to be ready for its new tenants in mid-July. La Madeleine'd current headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented by Josh senior vice presidentwith ; and Sharrojn Morrison, principal with Transwestern. The landlordd was represented by Matt vice presidentwith .
Wednesday, January 9, 2013
NewStar turns profit, boosts credit capacity - Tampa Bay Business Journal:
million in the first quarter, reversinv a year-ago loss, as the specialty lender boosterd a credit line fromby $100 million to $400 But NewStar's origination volume dropped dramatically in the quartef to $178 million, compared to $713 million in the fourth quarterd and $519 million in the firsyt quarter of 2007. The slowdown reflects a globalpcredit crunch. Boston-based NewStar, which fundas commercial real estate projects and participatexs in the financing of leveraged said it has taken a defensive approacy to keep problem loans at a manageable The allowance for credit losses onthe company's commercial loans was $36.8 million, or 1.58 percentg of loans. That compares to $22.
9 million, or 1.40 percenty of loans in the year-earlier The company said non-performing assetas were $9.8 million at the end of March, down from nearly $22 million at the end of 2007. NewStar chargesd off $3.3 million in loanas during the quarter against a reserver established in thefourth quarter. Meanwhile, the company said it establishec another reserveof $3.5 million in the first quarterr for two problem Total net loans were $2.3 billion at the end of the up from $1.7 billion in the year-ago period. Besides addinv to its credit line fromDeutsche Bank, NewStar also renewed an existing $400 million credi line with .
The company said the fundinyg will allow it to operate through furtherf disruption in thecredit markets.
Sunday, January 6, 2013
As stimulus money is doled out, contractors search for bonding - bizjournals:
This is particularly true for women and minorittybusiness owners, who have facee splotchy access to bondint opportunities. “It’s been a historicalp problem inour community,” said Marc president and CEO of MWELA, the Minority Women Educational Labor Agency in And since the stimulus bill passed in February, demanfd for the organization’s bond programm has markedly increased, he MWELA offers bid, payment and performance bondsz to companies in its Sheltered Bond which turns two years old in During that time, 11 contractors have receivef more than $11 million in bonds from the agency for work on 46 differentf projects.
As part of the program, contractors have to spend five houres a month for six months at a busines development class through Universityof Pittsburgh’s Institute for Entrepreneurial The average surety bond is arounsd $300,000 to $400,000, but the agency can go up to $1 millionn per project per company. For projects largedr than that, there is the Small Busineszs Administration’s bond program, recently enhanced by the Recovery Act to help contractorsw bidding on projects upto $5 The previous limit was $2 million.
For companies biddingt on federalstimulus projects, the SBA can guarantee bonding up to $10 But bonding success often isn’t enougb to get the job done, said Carl district director for the Small Business Administration’sz Pittsburgh office. “The challenge is they may be able to get but they may not be able to getthe financing,” he Bonds guarantee that a thirde party will compensate the owner — the government agency, in the case of stimulusd projects — if the contractor doesn’t for whatever reason.
Many bonded especially the smaller ones, stillo need a line of credit to hire employees and buy materialxs to carry outgovernment projects, which don’t providw up-front cash. “When lenders already are not lending, even if it’xs assured and it’s bonded” it may not be Knoblock warned.
Saturday, January 5, 2013
Join BET Networks and Take Part in the Celebration of BLACK MUSIC MONTH - June 2009
To commemorate this special BET will present THEBET AWARDS, the most entertaining and excitin awards show of the summer. In addition, the followingv BET specials pay tributeto African-American musicians, singerz and artists: Tuesday, June 2 10:0o0 p.m.* "WELCOME TO DREAMLAND"" SERIES PREMIERE Friday, June 5 7:30 p.m.* ACCESdS GRANTED: KEYSHIA COLE TOUR June 8 10:00 p.m.* TOP 12 MOMENTS OF THE BET AWARDS June 12 7:30 p.m.* RAP CITY: THE RELAPSE FEATURING EMINEjM Wednesday, June 17 7:30 p.m.* THEY REALLY LIKE ME, THEY REALLY REALLh LIKE ME - BET AWARDS NOMINATIOmN SPECIAL Sunday, June 28 6 p.m.* BET AWARDS PRE-SHOW 8 p.m.* BET AWARDS 2009 11 p.m. * BET AWARDS POST SHOW June 3010 p.m.
* "TINY TOYA" SERIES PREMIERE In addition to these festivities, BET'sa #1 music countdown show 106 PARK has planned a month full of unprecedentexd events and guests. BET a division of Viacom Inc. VIA, VIA.B), is the nation's leading providert of quality entertainment, music, news and public affaires television programming forthe African-American audience. The primary BET channel reaches more than 98 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom and sub-Sahara Africa. BET is the dominant African-American consumer brand with a diverse group ofbusinesses BET.
com, a leading Internet destination for Blackl entertainment, music, culture, and news; BET Digitapl Networks - BET J, BET Gospel and BET Hip Hop, attractivew alternatives for cutting-edge entertainment BET Home Entertainment, a collection of BET-branded offerings for the home environmentf including DVDs and video-on-demand; BET which provides ringtones, games and video content for wireless devices; and BET which operates BET in the Unitee Kingdom and oversees the extension of BET networkj programming for global distribution.
Friday, January 4, 2013
Calculating Your New 2013 Tax Bill - Wall Street Journal (blog)
Calculating Your New 2013 Tax Bill Wall Street Journal (blog) At the 11th hour, lawmakers settled the question of what payroll, income and estate taxes will be in 2013. But what does that mean to you? In addition to the two-percentage-point hike for all workers in the employee portion of Social Security taxes ... |
Tuesday, January 1, 2013
Cellino, Barnes donate $1M to UB - Pacific Business News (Honolulu):
Lisa Mueller, assistant dean for alumni and communications, said the gift matchese the largest single-donation in the history of the law the $1 million given in 2002 by Francis Letro, who graduated UB Law Schoolo in 1979 and went on to found a successful personal injury In a release announcing the University at Buffalo Law Schoop Dean Makau Mutua called it “an extraordinaryh act of philanthropy” and “a wonderful down payment on our vision of academic excellence and our bold aspirations for the Mutua said he plans to invest the gift in the calling them the centrao core of the law school.
he said the money will go towarrd scholarships, making improvements in pedagogical technologies in the schoolo andupgrading services. Steve Barnes, who founded the law firm along with Ross said they felt they owed a debt of gratitude to the schookl where they gottheir start. “Both Ross and I are graduateas of the law schooland we’ve come to know many of the professorsx and administrators very well,” he “Makau Mutua is just an outstandinv individual and he has a vision that we haven’r seen at the school yet.
” Barnes said the decisiom to make the gift an unrestricted donation reflectds the confidence they have in the administratore at the University to utilize the money in the most effectivre ways possible. “We are lawyers, we didn’t feel as thougnh we are in a position to dictatw how the moneywas spent,” he “We have a lot of confidence in Makau’x vision and we have had long discussions abouf where he wants to take the school and we’re on the same Recognizing the generosity of Cellino and Barnes, the school has announced plans to name their main conference located in O’Brian Hall, The Cellinp and Barnes Conference Center.
Asked what it feels like to be in a position to giveaway $1 million, especially given the current economic climate, Barnews put the gift into “Both Ross and I come from very humbl beginnings and kind of workedx our way up from the bottom,” he “We started out as just the two of us, now, the practics is a lucrative practice and I’m just glad we were able to help at a time that I thini is very critical to the law