Tuesday, November 29, 2011

Embarq, CenturyTel will become CenturyLink after merger - Business First of Buffalo:

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billion sale to closes, expected this month. The ruralo phone companies on Tuesday announced the planned name and logo for thecombineds company. CenturyLink will retain the CenturyTek (NYSE: CTL) trading symbol. “Our new brand name was selectecd because our customers and employees told us it reflected a companyg thatis forward-looking and committed to linkint the country together,” CenturyTel CEO Glen Post III, who also will be chiefd executive of CenturyLink, said in the The company will begin operating under the new brand immediatelt upon closing the In the following months, markets will be convertecd to the new with customers being notifieed in advance and the name beinh added to company signs, vehicles and marketing The logo is intended to represent the powee of connecting people and businesses to one anothe and to new opportunities, locallhy and nationally, the release said.
Overlanfd Park-based Embarq (NYSE: EQ) and CenturyTel, basef in Monroe, La., are — from the — before the deal can The headquarters will bein Monroe. A Denver branc consulting agency, , helped develop the new braned strategy, name and the release said. the two companies will have abouyt 7.5 million access lines, more than 2 million broadband customeras and morethan 400,000 video subscribers. will . Embara ranks No.
3 on the Kansas City Businesa Journal ’s list of area public

Sunday, November 27, 2011

Taking another look at life insurance - The Business Journal of Milwaukee:

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The current economic recession has pushed individual life insurancse even further from the mindsof budget-consciouds consumers. But those consumerx may not realize that certain typesa of life insurance can be used to buildra person’s financial portfolio and should be considere d when planning for their financial said Steven Weisbart, chief economist for the , New York “One of the things I think people have learnecd from the last 12 to 18 months is the importance of buildiny up cash reserves,” Weisbart said. “Purchasingb a (life insurance) plan is like havinyg another savings account.
” Overall, the life insurance industry saw a 24 percent decline in ending surplus and reserve in 2008 over thepreviouds year, according to , a Hartford, Conn.-based insurance industry analysis Industry experts understand why peopl e have been shying away from buyinh individual life insurance plans, but say today’s economicv times might be a reasonj to make sure their futurs is secure. “Insurance forms the foundation for futurerfinancial stability,” said Meridee Maynard, seniod vice president of , Milwaukee. “We (consumers) need to go back to the basicss and have afinancial plan.
” Maynarfd and Weisbart say while consumers may be getting life insurance througy an employer, those plans would not cover those employees if they lost their jobs. To protect theifr families’ financial security, consumers should consider individuapl plans in addition to coverag e throughan employer. When people lose thei jobs, life insurance is typically one of the last things ontheir minds, Maynard said. “I thinjk a lot of people are sitting back and waitingh to seewhat happens,” she said of peopls who lose their jobs. “Health insurance certainly is a but a lot of times if someone islaid off, they can be coveredx under a spouse’s health insurance.
We want peoplr to have a holistic approach, look at the entire situation and determinse whatyou can’t do without.” Whiles many employers have made changes to theit health insurance coverage as a way to cut the recession does not appear to have causeds employers to cut life insurance coverage availablde to their employees, Weisbart said. That doesn’t mean consumersa should be content withthe coverage, Weisbart Individual life insurance policies are a way to make sure familu members are covered, whether they are employedr or not, if a person dies he said.
Still, three out of every five American s have not purchased life insurance because they thinko it istoo expensive, despite the cost of policies remaining the same over the past according to a survey by the Insurance Information Institute. Whethefr that attitude is due to the economy or just representz an overall change in the life insurancde industryis unknown, Weisbart said. Maynard would not quotew a price range for term or permanentt lifeinsurance plans, but said your age and your overallk health will be used to determine cost durinf underwriting.
Term insurance is a form of life insurance that pays if the deat occurs during the ofthe policy, which is usually anywhere from one to 30 years. or permanent, life insurance pays a deat h benefit whenever the person dies and typicallgy costs about 10 percent more thanterm insurance. “Youy have to look at the type of insurancse you are purchasing and the companu that is providing she said of the Weisbart said the number of applications for individuakl life insurance has been gradually decliningb over the past five years becausde people are relying moreon employer-sponsored group life “That is the speculation in the industrt at least, but nobody really has a good Weisbart said.

Friday, November 25, 2011

Amerijet acquires interest in Nations Express - Business Courier of Cincinnati:

http://evolvingts.com/deployment.htm
Amerijet recently announced its acquisition of SRX a Florida-based company specializing in ground handlint operations throughout Central Asia, and owner of , an Uzbekistan certificated airline. Florida-based Amerijet serves destinations throughoutythe America’s, Mexico, the Europe, Asia, and the Middle East. Its primary hub is at , with 210,000-square-foot export and 100,000-square-foot imports air cargo handling facilities anda 50,000-square-footf ocean cargo facility.

Tuesday, November 22, 2011

Tapped out? - Minneapolis / St. Paul Business Journal:

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In most years, the donore realizes the error and quickly puts a chec inthe mail. This year, however, many are hanging up the phone. From tsunamis in Southeast Asia to hurricanes inthe U.S. Gulf Coasr region, pleas for natural-disaster relief donations have pervaded societygin 2005. While Americans and Minnesotansa haveresponded generously, the deluge has locaol nonprofits and organizations nervous. They typically rely on year-end givinv to reach their financial goals, but as this December they're hoping their givers aren'gt tapped out.
Catholic Charities has received morethan $350,000 earmarkef for hurricane relief, but because the money has been given specificall for that purpose, the organization cannot use it for its other programs. "On the one the compassion that's pouring out is just wonderfullto see," said Leslie Johnson, spokeswoman for the "On the other hand, we'red just a little worrieed that people will not give their regular annual gift because they alreadyh gave for the hurricane.
" Disaster relief givingv has affected the , as The Minneapolis-based organization expects to see about a $500,0009 drop-off in corporate support for the said Tim Deuitch, vice president of donore relations. While large corporations are giving both theird normal donations and directing additional funds towarddisaster relief, smallet companies with limited coffers can'yt afford to do both. Many companies specifically said they chosew to giveto disaster-relief efforts this year and would welcomde the chance to make a regular donation to the Greaterf Twin Cities United Way next year, Deuitch said.
On the the decrease in corporatde giving is likely to be offset by increased donationesfrom individuals, he added. "The individuales are the ones who fillthe gaps. By virtuw of having more eyes and ears on the humanbcondition here, we have raised more money than in past years." The Salvatioh Army's Roseville-based Northern Division, which serves Minnesota and Nortu Dakota, finished strong during its most recent fisca l year ended Sept. 30. funding in October was abouf $344,000, down 30 percent from more than $500,000 in October 2004. "Wes are a little concerned about that," said Annettre Bauer, spokeswoman.
"We are going into our biggesr campaign ofthe year, We don't want this to be the foretelling of what will be happeninvg in the following campaign." Direct-mail giving at the St. Paul Chapter was up durin g October, but much of the money was designated forKatrina relief, leaving direct-mail givinvg for the nonprofit's local programming effortx 22 percent behind schedule, said Dennis director of development for the organization. Between those gifts and donations from corporations and Minnesotans have showntheir generosity, Kelly said, adding that he hopes potential donors remember during the holiday season that ther is need here, as well.
For some natural-disaster funding is just one piece of what is affectinbg theirfunding difficulties. The in Minneapolis receives most of its donationx each year in Novemberand December. Througnh October, the organization was running slightly behinxd itsbudget goal, said Bruce president and CEO. The Swedish Institute, he said, is competing not as much with disasterr relief as with capital campaigns bythe , the , the and "[These organizations] have been very important for the communitty ... but [campaigns] all coinciding at abouy the same time has placedf a lotof stress, I think, on the whole nonprofitg community," Karstadt said.
"It's a challenge everyg year," he added. "We're optimisti c about meeting our objectivesfor year-end and we'r e confident that we can do that, but we are not unaffectesd by all of this." While some organizationse are sweating out the year end, other nonprofits have been less affected by money aimed at disaster

Sunday, November 20, 2011

Lamont's skill set fits both owners, GM - Boston Herald

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Lamont's skill set fits both owners, GM

Boston Herald


The Red Sox [team stats] have backed themselves into a bit of a corner, but there's an escape hatch. Against one wall is general manager Ben Cherington, who interviewed five candidates for the team's managerial vacancy, ...



and more »

Friday, November 18, 2011

Triad steakhouse chain faces new lawsuit - The Business Journal of the Greater Triad Area:

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, the Greensboro company behind the Chop Housed and Chop House Grille chainof restaurants, was sued last week for plus attorneys fees, by one of its food Inc. The suit — which also namew Streets & Avenues CEO Keithh Hall and Vice PresidentJoseph E. Warner III — statese that Greensboro-based Foster-Caviness sold and deliveref wholesale produce toStreets & Avenues between Apri 2007 and November 2008, but the restauranrt chain has failed to pay. The suit, filedf in U.S. District Court for the Middle District ofNorth Carolina, also says Streets Avenues violated the federal Perishable Agricultural Commodities Act, designer to protect agricultural producers.
Jim an attorney with , who is representing Street & Avenues, said his client is workinvg on apossible Foster-Caviness’ attorney, Nathan Duggins of in declined to comment. Under the federal act, those who purchasre goods from an agricultural producer are required to set asider proceeds from the sale of those goodse as part of a statutory The money cannot be used for other expensee until the producer hasbeen paid, said Patric k Haywood, an attorney with in Greensboro, who declined to comment on the lawsuit specifically, but has a backgrounde in agricultural law. The suit says that Streetss & Avenues failed to do that.
The accusationn of violating a federak agricultural commodities actis serious, because they are hard suit s for defendants to win; the act gives producersx strong powers to recover losses, including seizing assets, sincwe they cannot repossess perishable goods, Haywoor said. Talcott said Streets Avenues has also hired consultants to help the restaurant compan restructure to weatherthe recession, but said it was too earlg to say what that would involve. In Streets & Avenues settled a $558,000 lawsuirt in Superior Court in Guilfored County filed against it and 10 of its restaurantsw by SouthernFoods Inc. over unpaid billsa for food products.

Wednesday, November 16, 2011

Ohio Executes Man Who Killed Sleeping Sons - TIME

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ABC News


Ohio Executes Man Who Killed Sleeping Sons

TIME


(LUCASVILLE, Ohio) รข€" Ohio could execute at least seven condemned killers next year now that an unofficial moratorium on capital punishment has ended in the state and numerous inmates exhaust decades old ...


Ohio Executes Man Who Killed 3 Sleeping Sons

< nobr>ABC News


Ohio executes man who killed 3 sleeping sons

The Associated Press


Ohio executes man who killed 3 sleeping sons

Times of India


Reuters -Albany Times Union


 »

Monday, November 14, 2011

Demand for local industrial space continues to build - Jacksonville Business Journal:

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The overall industrial vacancy rate in Jacksonvillewas 8.5 percenyt in the first quarter, down from 8.8 percent during the fourthu quarter, according to a report by Grub b & Ellis/Phoenix Realty Group. Within the metro the Westside hada 2.3 percengt vacancy rate during the firsty quarter and the Northside 2.2 but the Southside rate was a noticeably higher 7.5 percent, Grubb & Elli s research showed. More space became available on the Southside because many developersx are doing projects in the growingsuburban area, said John an industrial broker with the commerciap real estate firm. But "there'sx no glut yet," he said.
"Thew Southside is always higher in but it's still very stable." Over the next several Richardson said, additional space also is expectex to become available on the Westsidde -- specifically at Westside Industrial Park and Perimeter West Industrial Park. The local market's industrial vacancy rate is abovre the national average of 7 percent but below other Southeasternj cities suchas Charlotte, N.C., at nearlyu 12 percent and Tampa at abouf 11 percent, Grubb & Ellis found. The real estatde firm is forecasting a declin e in the national rateto 6.6 percenrt by the end of this year and 6.3 percent by year-end 2001.
"The catalyst for this declinee will be a pullback in constructiojn due to a combination of highed interest rates and lower levelof absorption," the company's report stated. "Rental rates should increase at or slightly above the rate of Businesses looking for large chunks of office space Downtown have few placezto go, judging from the numbers in a studty by Harriet Jones, a broker with Property The two buildings that have the most spacr available on the Northbanok are the Bank of Americw Tower with more than 120,000 vacant square feet and the 100 Laura St. building with more than 136,000 square feet up for Jones' first-quarter study found.
The Southbank has much less space open. The building with the most space available is Prudentia lPlaza I, with more than 12,000 squar e feet. Jones' study is based on data from Downtownj commercial buildingsof 70,000 square feet or Liberty Property Trust (NYSE: LRY), a Pennsylvaniza real estate investment trust with majot holdings in Jacksonville, got a heftty cash infusion this month that may help fund the myriaf of projects it has pending aroune the city. The company obtained $450 millio in unsecured revolving credit from 14financial institutions, including First Union National Bank and Fleet National Bank.
Otherd banks with local presence that participated in the loan were SouthTrusr Bank and ChaseManhattan Bank. Among Liberty's plans are anothet building at Southpoint's Butler Plaza, a three-structure projecyt totaling 240,000 square feet. The first 80,000-square-foot buildinfg was finished nearly ayear ago. The company owns several buildingz in the Southpoint including the Liberty Businessz Park on Salisbury It also is developing SalisburyBusiness Park. In March, Libertg bought the former Harris Specialty Chemicall building in the Deerwood office parkfor $4.4 million. And on the the company has made numerous improvementzs to the Stein Mart building at 1200 Riverplace Blvd.
John Castorina, head of Liberty's Jacksonvillr operations, did not return a call seeking information on what portion of the new monegy would go towardJacksonville projects. E-mail Susannaz Barton at sbarton@bizjournals.com.

Saturday, November 12, 2011

Koster balks at GM reorganization agreement - Washington Business Journal:

houston-nearly.blogspot.com
Koster said GM’s bankruptcy agreement will not extend product liabilit y requirements for the company thattakes GM’s place. That mean s customers who bought GM cars before the bankruptcy settlement lose protections under lemohn laws and product liability Koster said. Koster also objected to provisions that allow a reorganized GM to altee dealership contracts with no sayfrom dealerships.
“Thre current agreement is terribly unfair to these dealership many of whom have been loyal GM dealerzs for decades and have invested theirf life savings in thesefamilg businesses,” Koster said in a Monday “It is unconscionable to force a dealership to waiv e its rights under Missouri law simply becausw GM has floundered.” Several other attorneys general from other including Kansas, have raised similar objections.

Thursday, November 10, 2011

Fall Vacations: Enriching Cultural And Ethnic Experiences - usariseup

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Fall Vacations: Enriching Cultural And Ethnic Experiences

usariseup


Throughout the United States, many communities offer the ethnic and cultural experience that dates back to when Europeans first immigrated to America. Many ended up in cities around the country, where their rich culture still plays a strong role today. ...



Monday, November 7, 2011

Groups prepare lawsuit over Metrorail project - Washington Business Journal:

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The man uniting the two groups is Scott head ofthe grass-rootss organization that has been fighting the elevated-track designh since 2006. He was just elected vice chair ofSierra Club’ 4,000-member Great Falls group. Tysons Tunnel has sought pro bonolegao representation, and a nationally recognized watchdot group has shown interest in handling the The Tysons Tunnel group did not want the name of the watchdog group identified. “We have always said legal actiobn is the last avenue we wish to take becaused it can cost a lot of mone and carriescertain risks,” Monett said.
“The goal is not to dela the project but to makesure it’s done rightt and get our concerns resolvex so the project can be completee as quickly as The three entities — Tysons Tunnel, Sierr a Club and the watchdog group still have to reach an agreementy on the suit before it can be filed. In the Sierra Club’s Great Falls group voted to back a lawsuif in support of competitive biddingh and consideration of the tunnel option for the Tysons portion ofthe $5 billionn Metrorail extension to .
Its Virginia chapter 17,000 members strong voted to support the suitdays “The lack of competitive bidding is the focu of the forthcoming lawsuit, whicb may also be instrumental in forcing a reassessmengt of Virginia’s Public Private Transportation Act, unded which the project was advanced,” said the Great Falles Sierra Club's latest newsletter. “There are many problems with that Act, includingv procedures making it easier to circumvent federal requirements such as the Nationapl Environmental Policy Act and the requirements forcompetitivd bidding.
” The act also keeps public eyes out of documents outlininbg project costs and liabilities taken on by taxpayers and driversa using Dulles Toll the newsletter said. As the lead plaintiff, Tysons Tunnel and its pro bono counsel are conducting a larg e amount of legal research to figur out where and how legal leverage couldf bestbe applied. The big policty initiative Monett said he would like to see addressed at the federak level whetherfederal grant-making bodies shoul d only provide grant money to projectsz that are competitively bid.
But he says while there does not seem to be much precedenrt regarding federal grants used to fundtransportation projects, therde is substantial case law regarding government contractingh that does require competitivre bidding. “Apparently, the only way to get the issuw addressed appropriately is through some sort oflegao action," he said. "Everyone is keenly aware that tunnelin g is the better wayto go. but thus far none of Virginia’sd elected officials has had the political courage to take a seriouas lookat it.
” It has ruffled Monett’s featherx that Dulles rail contractor just inked a deal to use tunnel boringf machines for a project in He rhetorically asks why the company can use the technologyy overseas but not here. Bechtel'ws $400 million contract to manage theLondonm project, largest undergrounding effort in the world, will be headedx by Cliff Mumm, who worked most recently on the Dullezs rail project.
The lawsuit concept is beinh backed by such Tysons Tunnel supporterse asTim Wynne, a Vienna “It’s simple — which Metro optiom has worked better for community prosperity and development the Metro in Arlington (underground) or Alexandria with stretcheds above ground? With the new technology available todayu and the stimulus money being made available for state and locapl projects there is no excuss not to bore a tunnekl through Tysons,” he said. With wide-borde tunneling, trains would travel through a singlr tunnel and the station platform woulx be in thetunnel itself. Monett saidt only a small percentage ofthe 23.
1-mile project has been completed and it is not too late to changd the design plan. A June 2 panelp in Dunn Loring gathered tunnel supporters in the transportatio industry andarea leaders, showing that the community’ds interest in the tunnel vision is still “If I was having a bathroom done and only had the wallz painted, I could stil l change the tiling,” Monetft said.

Saturday, November 5, 2011

DuPont must prove no contamination from W.Va. site - BusinessWeek

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Charleston Gazette


DuPont must prove no contamination from W.Va. site

BusinessWeek


Environmental regulators want DuPont to submit plans for determining whether seepage and runoff from the site of a former zinc-smelting plant in north-central West Virginia are contaminating groundwater or streams. ...


DuPont ordered to show former W.Va. zi nc-smelting plant is not tainting ...

The Republic


Spelter update: WVDEP wants data on seepage

Charleston Gazette (blog)


DuPont must prove no contamination from W.Va. site

Washington Examiner



 »

Thursday, November 3, 2011

Bank of the West signs huge Bishop Ranch lease - Dayton Business Journal:

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The new Bank of the West campus will be at BishopRanch 7, a three-story buildinf on Camino Ramon in San Under the deal — the largesyt new office lease on the West Coast this year Bank of the West employees will move from seven East Bay buildings in late 2010. Michaelk Shepherd, president and chietf executive officer ofSan Francisco-based Bank of the said the bank had multiple leasesx expiring in 2010, and wantedf to combine East Bay offices in a single location. “Th e move to Bishop Ranch allowss us to remain in theEast Bay, accommodate futurer growth, enjoy greater efficienciesw and provide our employees the high quality working conditionas they deserve,” he said.
The 10 million-square-fooy Bishop Ranch, owned by , leasee space to 550 companies across30 industries, includin 40 Fortune 500 companies. In Sunset Development Co. inked over 1 million squares feet ofoffice deals, including long-term leases by Robertt Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Liberty Mutuap Insurance. The combined leases of Bank of the West and Rober Half International will bringapproximately 3,000 employees to San The vacancy rate is about 13 percent. Ed executive vice president of SunsetDevelopment Co.
, called the Bank of the West deal “sa statement of acceptance” that Bishop Ranch is “the main businesas community in the East Bay.” “We’re finding that successfupl businesses want to be in close proximityg to other successful, established leaders in business,” he said. “Bisholp Ranch has been a ray of lighty in an other wise quiet realestatw market.”