Tuesday, February 26, 2013

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

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

Thursday, February 21, 2013

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

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Denver's Churchill joins Pink for a European arena tour

Reverb (blog)


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



Monday, February 11, 2013

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

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

Wednesday, February 6, 2013

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

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

Friday, February 1, 2013

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

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