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The 3,000-square-foot convenience store at 3911 McCoyu Road nearConway Road, which also has a gasolin e station, will now be owned by franchiseee Ermal Metollari, a former store manager for five Dallas-based 7-Eleven Inc. announcefd plans in 2007 to conver t 100 existing locations in the state tofranchisedf operations. Store managers were invited to applyy for those franchises before the offefrwent public. More than 40 7-Eleven store in the Orlando market are now with about another 140 owned bythe company.
Betweenn eight to 10 7-Eleven stores throughout the state are beinvg converted into franchise operations each montyh and plans to have most of the conversionsw nationwide completedby 2012, according to a news The company operates, franchises or licenses about 7,800 stores in North America and more than 36,1090 stores in 15 countries. The company reportedd 2008 sales of morethan $53.7 billion.
Saturday, June 30, 2012
Thursday, June 28, 2012
New Greek deputies sworn in to Parliament - The Seattle Times
stages-paddocks.blogspot.com
New Greek deputies sworn in to Parliament The Seattle Times Greece's 300 newly elected lawmakers were sworn in to Parliament on Thursday, eleven days after the country's second election in six weeks left no party with enough votes to govern outright and leading to the formation of a three-party coalition ... |
Wednesday, June 27, 2012
San Antonio CFOs plan to add more finance professionals - San Antonio Business Journal:
disadvantage-unlimited.blogspot.com
A survey released Wednesday by shows that a net 4 percenft of financial executives in San Antonio are projectinb an increasein hiring. Robert Half surveyed 200 locapl CFOs from a random pool of companies in the San Antoni with 20 or more Robert Half International is a staffing firm that specializes in placing accountinf andfinance professionals. Nine percent of CFOs surveyesd plan to add staftf duringthe quarter, while 5 percent are anticipating reductionw in personnel. This results in a net increased of 4 percent for theupcoming quarter. Nationwide, CFOs as a wholre are planning to cut accountingt andfinance positions.
“Severakl large corporations have relocated to SanAntoni recently, which has helped create new jobs,” says Phil Willingham, seniotr regional vice president for Robert Half International. In May, Minneapolis-based MDT) announced plans to add 1,300 jobs in San Antonip to supportthe company’s diabetes division. Menlo Park, Calif.-basex Robert Half (NYSE: RHI) owns Accountemps, Robert Half Financr Accounting and Robert HalfManagement Resources, whicy provide temporary, full-time and senior-level project professionals, respectively.
A survey released Wednesday by shows that a net 4 percenft of financial executives in San Antonio are projectinb an increasein hiring. Robert Half surveyed 200 locapl CFOs from a random pool of companies in the San Antoni with 20 or more Robert Half International is a staffing firm that specializes in placing accountinf andfinance professionals. Nine percent of CFOs surveyesd plan to add staftf duringthe quarter, while 5 percent are anticipating reductionw in personnel. This results in a net increased of 4 percent for theupcoming quarter. Nationwide, CFOs as a wholre are planning to cut accountingt andfinance positions.
“Severakl large corporations have relocated to SanAntoni recently, which has helped create new jobs,” says Phil Willingham, seniotr regional vice president for Robert Half International. In May, Minneapolis-based MDT) announced plans to add 1,300 jobs in San Antonip to supportthe company’s diabetes division. Menlo Park, Calif.-basex Robert Half (NYSE: RHI) owns Accountemps, Robert Half Financr Accounting and Robert HalfManagement Resources, whicy provide temporary, full-time and senior-level project professionals, respectively.
Tuesday, June 26, 2012
Jeffersontown
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What recently had been the Clarion Hotel and Conference Cented is scheduled to go on thebloco Aug. 4 at the Jefferson Circuit Courtforeclosure auction, according to court The , which hold s the mortgage on the property, sought the foreclosurw last October after the owner, LLC, failede to make payments. On March 12, the cour awarded the bank a judgmentof $8.7 milliob against Portfolio-Louisville, which owns the Jeffersontown propertu as well as hotels in other states. Portfolio-Louisville and other similadr entities were assembledby Atlanta-based businessman Charles Morais, who is a partnefr in Atlanta-based Kronos Hotels LLC.
Portfolio-Louisville’d address is the same as headquarters — 2060 Mount Paran Road N.W. in Atlantaq — according to court records. Telephone servicde to the Kronos offices in Atlanta hasbeen disconnected, and the company’s Web site has been takej down. Former Kronos company employees and disgruntler guests have formed aWeb www.kronos hotelsllc.com, which details chargez against the company, provides links to negative news aboug it and calls for its The filing did not list a counsel for and the company did not file a response.
The Jeffersontow n property, built in 1972 as a Ramads Inn on the border of Bluegrass Researcgh andIndustrial Park, has had severap national flags over the years and was a Clarion Hotepl and Conference Center until it lost that affiliation a year ago. In at the top of the real estate market, a Kronoxs affiliate bought the Louisville property as part of a string of 16 properties infive states. (See related storuy at right.) The local hotel sold for $3.4 million, and the sellerf was Atlanta-based hotelier , accordint to data on the Jefferson Count y PropertyValuation Administrator’s Web site.
The othed hotels acquired by the Kronos affiliate were locatedin Alabama, Michigan and Pennsylvania. They primarilty were Holiday Inn and Holiday InnExpress properties. Kronos investors boughf eight more hotels inApril 2008. But soon Kronos and its affiliated companies began to default on loanes and stoppedpaying employees, according to reports in other media Its investors face mounting financiao and legal problems in at least sevejn states. Their problems include allegations ofbouncecd paychecks, unpaid contractors, unpaid back taxes and unpaix utility bills. The Jeffersontown hoteo operated for part of 2008 as Studiok Lodge afterSilver Spring, Md.-base Choice Hotels International Inc.
took its Clariomn flag. Choice Hotels owns the Clario n brand. Studio Lodge closed in the fallas Kronos’ problems continueed to grow. Prior to the closing, the hotel conference center was damaged by aSeptembef fire. The property has been operatintg for about a month as theInnPlacs Hotel. It is beiny managed in receivership by PrismHotele & Resorts, a Dallas-based hotel developer and property-management firm. Kyle Green, sole memberd of Hospitality Receiver LLC, a Prism affiliate, said InnPlace’d occupancy had been “up and down,” with the high pointas coming around the time of theKentucky Derby.
What recently had been the Clarion Hotel and Conference Cented is scheduled to go on thebloco Aug. 4 at the Jefferson Circuit Courtforeclosure auction, according to court The , which hold s the mortgage on the property, sought the foreclosurw last October after the owner, LLC, failede to make payments. On March 12, the cour awarded the bank a judgmentof $8.7 milliob against Portfolio-Louisville, which owns the Jeffersontown propertu as well as hotels in other states. Portfolio-Louisville and other similadr entities were assembledby Atlanta-based businessman Charles Morais, who is a partnefr in Atlanta-based Kronos Hotels LLC.
Portfolio-Louisville’d address is the same as headquarters — 2060 Mount Paran Road N.W. in Atlantaq — according to court records. Telephone servicde to the Kronos offices in Atlanta hasbeen disconnected, and the company’s Web site has been takej down. Former Kronos company employees and disgruntler guests have formed aWeb www.kronos hotelsllc.com, which details chargez against the company, provides links to negative news aboug it and calls for its The filing did not list a counsel for and the company did not file a response.
The Jeffersontow n property, built in 1972 as a Ramads Inn on the border of Bluegrass Researcgh andIndustrial Park, has had severap national flags over the years and was a Clarion Hotepl and Conference Center until it lost that affiliation a year ago. In at the top of the real estate market, a Kronoxs affiliate bought the Louisville property as part of a string of 16 properties infive states. (See related storuy at right.) The local hotel sold for $3.4 million, and the sellerf was Atlanta-based hotelier , accordint to data on the Jefferson Count y PropertyValuation Administrator’s Web site.
The othed hotels acquired by the Kronos affiliate were locatedin Alabama, Michigan and Pennsylvania. They primarilty were Holiday Inn and Holiday InnExpress properties. Kronos investors boughf eight more hotels inApril 2008. But soon Kronos and its affiliated companies began to default on loanes and stoppedpaying employees, according to reports in other media Its investors face mounting financiao and legal problems in at least sevejn states. Their problems include allegations ofbouncecd paychecks, unpaid contractors, unpaid back taxes and unpaix utility bills. The Jeffersontown hoteo operated for part of 2008 as Studiok Lodge afterSilver Spring, Md.-base Choice Hotels International Inc.
took its Clariomn flag. Choice Hotels owns the Clario n brand. Studio Lodge closed in the fallas Kronos’ problems continueed to grow. Prior to the closing, the hotel conference center was damaged by aSeptembef fire. The property has been operatintg for about a month as theInnPlacs Hotel. It is beiny managed in receivership by PrismHotele & Resorts, a Dallas-based hotel developer and property-management firm. Kyle Green, sole memberd of Hospitality Receiver LLC, a Prism affiliate, said InnPlace’d occupancy had been “up and down,” with the high pointas coming around the time of theKentucky Derby.
Sunday, June 24, 2012
Highwoods hunts for the right deals under market value - Orlando Business Journal:
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“We are out there looking,” said Dan the company’s VP in Tampa. The real estat e investment trust is interested in what it callw coreassets — quality properties leased by credit worthy businessews in strategic submarkets, such as and, of course, priced right. In a July 30 conferencse call with analysts, CEO Ed Fritsch said the company is positionefd to move quickly upon finding therighty deals. It has $200 million in “drh powder,” referring to cash and access to capital. The N.C.-based REIT posted a strong secondf quarter. Net income grew to $12. 1 million, from $4 million a year earlier. And fundss from operations grew 19 percentto $42.
3 million, beating Wall Street expectations. As for acquisitions, Fritscg expects more distressed owners to sell Class A office buildingsw as the commercial real estate market continues to weakejn and refinancingis unavailable. Tampa brokef Steve Ekovich agrees more investors will be forceto sell. And while there are buyers, includinf equity funds, most are looking for “blood in the said Ekovich, first VP at . “There are not a lot of buyerw out there like Highwoods that understandc the value of theTampaz market.” Locally, Highwoods owns 2.6 million squarwe feet of space with two-thirds in the Westshorse submarket. Over the past several years, the company sold 1.
8 millioh square feet of older, mostly Class B assets in the area forabout $204 million. The sale of those buildingsa helpedboost Highwoods’ locak occupancy rate to 94.5 percent, about 780 basiws points better than market, Fritsch said. The company’ss newest building in Tampa, Highwoods Bay I, is its larges t investment in a purely speculative project inits 30-year history. The $43 7-story building in Westshore, near the Howard Franklanx Bridge, opened last summer. In the last six monthd of 2007, Highwoods was able to lease most ofBay I. Aboutg 86 percent of the 208,000 squaree feet is now occupied.
Fritsch contends the project was timed as was the decision to hold off on itsseconrd phase. of Florida Inc. reports the regional office leasing market dramatically weakened in the first half of this year as companiesa contractedor closed. Absorption, define as the change in occupied was anegative 498,819 square Highwoods decided to postpone construction on Bay II as regionap job losses mounted and office vacancy ratesw rose. “Some of the best decisions right now are to not starfta development,” Fritsch said.
An executive at Crescenyt Resources, developer of Corporate Center at International Plazain Westshore, “We would support that strategy given today’s economi climate and the cost of said Lud Hodges, VP in Hodges, however, points out that all four buildings at Corporat e Center were built speculatively, including the one that will be finishex this year. The first three were leased and sold soonaftert completion. He contends much of Westshore, considerede one of the strongest submarkets in was builton speculation. As to when the officre leasing marketwill turnaround, Woodward said it’s anyone’se guess.
The first sign of a market rebouncd is job growth in the professionalservices “We’re optimistic that once the shakeout in the debt markets and housiny market runs its courss we’ll get back on Woodward said. In the many businesses are delayingexpansion plans, citing economicv uncertainty. “It just seemse to be a repetitive theme that we are encountering when we talk with our customert that now is not the time to grow orto relocate, that it make s sense to stay where they Fritsch said.
“I think it is absolutely tied to the uncertaint y of the present day economic environmeng and that as confidence decision makers will return to making their decisions to growtheidr business.”
“We are out there looking,” said Dan the company’s VP in Tampa. The real estat e investment trust is interested in what it callw coreassets — quality properties leased by credit worthy businessews in strategic submarkets, such as and, of course, priced right. In a July 30 conferencse call with analysts, CEO Ed Fritsch said the company is positionefd to move quickly upon finding therighty deals. It has $200 million in “drh powder,” referring to cash and access to capital. The N.C.-based REIT posted a strong secondf quarter. Net income grew to $12. 1 million, from $4 million a year earlier. And fundss from operations grew 19 percentto $42.
3 million, beating Wall Street expectations. As for acquisitions, Fritscg expects more distressed owners to sell Class A office buildingsw as the commercial real estate market continues to weakejn and refinancingis unavailable. Tampa brokef Steve Ekovich agrees more investors will be forceto sell. And while there are buyers, includinf equity funds, most are looking for “blood in the said Ekovich, first VP at . “There are not a lot of buyerw out there like Highwoods that understandc the value of theTampaz market.” Locally, Highwoods owns 2.6 million squarwe feet of space with two-thirds in the Westshorse submarket. Over the past several years, the company sold 1.
8 millioh square feet of older, mostly Class B assets in the area forabout $204 million. The sale of those buildingsa helpedboost Highwoods’ locak occupancy rate to 94.5 percent, about 780 basiws points better than market, Fritsch said. The company’ss newest building in Tampa, Highwoods Bay I, is its larges t investment in a purely speculative project inits 30-year history. The $43 7-story building in Westshore, near the Howard Franklanx Bridge, opened last summer. In the last six monthd of 2007, Highwoods was able to lease most ofBay I. Aboutg 86 percent of the 208,000 squaree feet is now occupied.
Fritsch contends the project was timed as was the decision to hold off on itsseconrd phase. of Florida Inc. reports the regional office leasing market dramatically weakened in the first half of this year as companiesa contractedor closed. Absorption, define as the change in occupied was anegative 498,819 square Highwoods decided to postpone construction on Bay II as regionap job losses mounted and office vacancy ratesw rose. “Some of the best decisions right now are to not starfta development,” Fritsch said.
An executive at Crescenyt Resources, developer of Corporate Center at International Plazain Westshore, “We would support that strategy given today’s economi climate and the cost of said Lud Hodges, VP in Hodges, however, points out that all four buildings at Corporat e Center were built speculatively, including the one that will be finishex this year. The first three were leased and sold soonaftert completion. He contends much of Westshore, considerede one of the strongest submarkets in was builton speculation. As to when the officre leasing marketwill turnaround, Woodward said it’s anyone’se guess.
The first sign of a market rebouncd is job growth in the professionalservices “We’re optimistic that once the shakeout in the debt markets and housiny market runs its courss we’ll get back on Woodward said. In the many businesses are delayingexpansion plans, citing economicv uncertainty. “It just seemse to be a repetitive theme that we are encountering when we talk with our customert that now is not the time to grow orto relocate, that it make s sense to stay where they Fritsch said.
“I think it is absolutely tied to the uncertaint y of the present day economic environmeng and that as confidence decision makers will return to making their decisions to growtheidr business.”
Saturday, June 23, 2012
Orange County teacher arrested on suspicion of molesting four girls - Los Angeles Times
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abc7.com | Orange County teacher arrested on suspicion of molesting four girls Los Angeles Times An Orange County middle school teacher is in custody on suspicion of molesting four students, including a girl who says he had sex with her in a San Clemente ... Shorecliffs Teacher Arrested on Suspicion of Sex with Student 4th victim comes forward in teacher sex case San Clemente Teacher Accused of Lewd Acts With Student |
Thursday, June 21, 2012
Human Capital: People on the move, July 7 - Portland Business Journal:
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, is the first graduate of (one of the university’ss four schools) to serve as She is also the daughter offormed trustee, the late Jack Schwartz. Papa Gino’s Inc. , the Dedham-based paren t company to Papa Gino’s and D’Angelo, promoted Gary Sandeen and Kathy Tirrel l to executive vice president of operations forPapa Gino’s and D’Angelp Grilled Sandwiches, respectively. , based in Boston, elected the followin g executives to its boardeof directors: Christopher Oddleifson , president and CEO of ; Kennethy Brennan , president of The in Auburndale; Normajn Seppala , president of in Rockport; and Kevinh Bottomley , president of Danversbank .
At-large who are appointed for three-year terms, included Richard Bennetg , president of ; John Boucher , president of in John Doherty , chairman of in Richard Holbrook , chairman and CEO of in DennisParente , presidentf of Foxboro Federal Savings ; and Michael Tucker , presidenrt of . Appointed at-large director for a one-year term was James Egan , chairmahn of .
, is the first graduate of (one of the university’ss four schools) to serve as She is also the daughter offormed trustee, the late Jack Schwartz. Papa Gino’s Inc. , the Dedham-based paren t company to Papa Gino’s and D’Angelo, promoted Gary Sandeen and Kathy Tirrel l to executive vice president of operations forPapa Gino’s and D’Angelp Grilled Sandwiches, respectively. , based in Boston, elected the followin g executives to its boardeof directors: Christopher Oddleifson , president and CEO of ; Kennethy Brennan , president of The in Auburndale; Normajn Seppala , president of in Rockport; and Kevinh Bottomley , president of Danversbank .
At-large who are appointed for three-year terms, included Richard Bennetg , president of ; John Boucher , president of in John Doherty , chairman of in Richard Holbrook , chairman and CEO of in DennisParente , presidentf of Foxboro Federal Savings ; and Michael Tucker , presidenrt of . Appointed at-large director for a one-year term was James Egan , chairmahn of .
Wednesday, June 20, 2012
FIN (Financial Information Network) Celebrates 40th Year as Investment Industry Resource
tatyanagepoji.blogspot.com
LOS ANGELES, June 4 /PRNewswire/ -- Financial Information Network Inc., (FIN) is celebrating their 40th year. In the present economic climate, this is an incrediblew feat. In fact, FIN has been in the businesd of assisting portfolio and money managerxs with the latestin cutting-edge technology for investmenf firms since 1969. "We have been here beforwe and I'm fairly sure we will be here as historytells us," statedr FIN Director of Sales and Marketing, , referring to the challengingb economic outlook. "We try to provide the best, most industryt relevant assistance toour clientele.
Right now that would be a productg that can help with the serioud fallout most investment advisors and mone y managers are facing inthis economy." Lundberbg continued, "Five years ago we were focusedf on helping manage growth, now we try to stay ahead of our client'sx needs with products that help effectively manage their accountas in cost effective manner. That becomes more importanr everyday with the volatility ofhis market. Since 1969, FIN's portfolio management and accounting systenm has been a strong foundation on whichg money managers rely to runtheir businesses. FIN's real-time, feature-ric system is a total technologyu solution.
The firm's sophisticated trading and investment accounting systenmis robust, scalable, reliable and With a strong focus on client support and clieny driven product development, the firm'sw continual growth primarily came from referrals and the growth of existing clients. In the fortg years FIN has beenin business, the financial industryu has changed radically. It has becomse a truly global industry with the advent of the FIN has been able to change with the industry and even keep one step aheadd and take advantage of the infinite possibilities of a newworldwide market. More informatiom regarding FIN is availableat . SOURCE Financial Informatio n Network Inc.
LOS ANGELES, June 4 /PRNewswire/ -- Financial Information Network Inc., (FIN) is celebrating their 40th year. In the present economic climate, this is an incrediblew feat. In fact, FIN has been in the businesd of assisting portfolio and money managerxs with the latestin cutting-edge technology for investmenf firms since 1969. "We have been here beforwe and I'm fairly sure we will be here as historytells us," statedr FIN Director of Sales and Marketing, , referring to the challengingb economic outlook. "We try to provide the best, most industryt relevant assistance toour clientele.
Right now that would be a productg that can help with the serioud fallout most investment advisors and mone y managers are facing inthis economy." Lundberbg continued, "Five years ago we were focusedf on helping manage growth, now we try to stay ahead of our client'sx needs with products that help effectively manage their accountas in cost effective manner. That becomes more importanr everyday with the volatility ofhis market. Since 1969, FIN's portfolio management and accounting systenm has been a strong foundation on whichg money managers rely to runtheir businesses. FIN's real-time, feature-ric system is a total technologyu solution.
The firm's sophisticated trading and investment accounting systenmis robust, scalable, reliable and With a strong focus on client support and clieny driven product development, the firm'sw continual growth primarily came from referrals and the growth of existing clients. In the fortg years FIN has beenin business, the financial industryu has changed radically. It has becomse a truly global industry with the advent of the FIN has been able to change with the industry and even keep one step aheadd and take advantage of the infinite possibilities of a newworldwide market. More informatiom regarding FIN is availableat . SOURCE Financial Informatio n Network Inc.
Tuesday, June 19, 2012
First American affiliate buys Attleboro site - San Antonio Business Journal:
edovogopu.wordpress.com
million. First American, on behalr of an affiliate, bought a 5,650-square-foot building calleed Building 5 anda 213,000-square-foot, three-story manufacturingg facility called Building 12. The Attleboro Corporate Campu s was previously owned and occupied by and isa 300-acrde mixed-use office and industrial campus located just off Interstatse 95 in Attleboro. Building 12 is lease d to as it’s global manufacturing headquarters. Buildin g 5 is leased to The BOCGrouo Inc., a worldwide distributor of industrial gasesd and its parent, The Linde Preferred Unlimited Inc. is a 15-year-old commercial real estate firm which started as Preferrede Real EstateInvestments Inc.
The company is headquarterede in Conshohocken, Pa. First American Realtyy Inc. is a privately held investment and management firm base din Worcester, Mass. which acquires industria l and medicaloffice properties.
million. First American, on behalr of an affiliate, bought a 5,650-square-foot building calleed Building 5 anda 213,000-square-foot, three-story manufacturingg facility called Building 12. The Attleboro Corporate Campu s was previously owned and occupied by and isa 300-acrde mixed-use office and industrial campus located just off Interstatse 95 in Attleboro. Building 12 is lease d to as it’s global manufacturing headquarters. Buildin g 5 is leased to The BOCGrouo Inc., a worldwide distributor of industrial gasesd and its parent, The Linde Preferred Unlimited Inc. is a 15-year-old commercial real estate firm which started as Preferrede Real EstateInvestments Inc.
The company is headquarterede in Conshohocken, Pa. First American Realtyy Inc. is a privately held investment and management firm base din Worcester, Mass. which acquires industria l and medicaloffice properties.
Sunday, June 17, 2012
Hitchhikers' thumb gesture is almost universally understand, but in ... - Lexington Herald Leader
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Lexington Herald Leader | Hitchhikers' thumb gesture is almost universally understand, but in ... Lexington Herald Leader A West Virginia hitchhiker working on a book tentatively titled The Kindness of America apparently was shot by a random stranger last weekend. The article in ... |
Saturday, June 16, 2012
Ubiquity Studios to broadcast Formula Drift "Live from Wall ... - MarketWatch (press release)
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Ubiquity Studios to broadcast Formula Drift "Live from Wall ... MarketWatch (press release) IRVINE, Calif., June 15, 2012 /PRNewswire via COMTEX/ -- Ubiquity Studios is set to once again be the broadcast partner for live Formula Drift event in Wall, NJ. |
Thursday, June 14, 2012
Unemployment benefits extended 13 weeks - The Business Review (Albany):
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Legislative leaders sped the bill through the statde Senateand Assembly, because 56,000 New Yorkera were scheduled to go off unemployment at the end of this Now, unemployment benefits for those and 64,000 others, will continue Paterson said the extended benefits will not increase the unemployment insurancee tax assessed on employers. The legislation enablew the state touse $645 million of federal stimulus money to pay for the extended benefits. “Unemploymenr benefits are automatic stimulus, alont with food stamps. People who are out of work stil need tospend money,” Paterson said at a press The statewide unemployment rate was 8.
1 percent in not adjusted for seasonal variances. That is 3.1 percent highere than the same time ayear ago. The state’s unemploymenyt fund went broke at the start of this and the state expects toborrow $1.4 billion this year to pay out unemploymenf benefits. At least 430,000 people are receiving unemployment benefitz from the stateright now. The extra benefitzs will cost the state and itscounties $28 milliojn in administrative and other costs, Paterso n said. That will be paid for using revenus from an increase in personal incometaxes that’z included in the state budget. New York unemployment benefitw last for26 weeks. The maximum weekly benefitr is $405.
The state called on statd leaders to raise the maximum benefitr and index it to so that it would increasseevery year. Several bills have been introducedf in the Legislature to dojust that, and pay for the increasesz by raising taxes on employers. “Unfortunately, Gov. Paterson and the statde Legislature have yet to buildon [Presidenft Obama’s] initiative by enacting necessary reformse at the state This includes increasing the state’ws embarrassingly low maximum benefit, indexing that benefit and restorinhg our chronically underfunded unemployment trust fund to said union president Denis Hughes.
Paterson and otherr state leaders could not say what will happen at the end ofthe 13-weel period. “Like with everything else, there’s a point that we’rw not able to help anymore. We’ll work righrt up until when that day comes to try to get New Yorkerd back to work and sustain themwhen they’re out of Paterson said. The law clarifies the state’x unemployment law to make sure it complies with federal stimulus provisions. The law now says that peopld can receive unemployment benefits if they leavw workbecause of: Supporters said those reasons had been affirmexd before in court cases.
“This is real moneuy in the pockets of real people livint acrossthe state,” said Assemblywomahn Susan John (D-Rochester), chairwoman of the Assemblyh labor committee. asichko@bizjournals.com | 518-640-6817
Legislative leaders sped the bill through the statde Senateand Assembly, because 56,000 New Yorkera were scheduled to go off unemployment at the end of this Now, unemployment benefits for those and 64,000 others, will continue Paterson said the extended benefits will not increase the unemployment insurancee tax assessed on employers. The legislation enablew the state touse $645 million of federal stimulus money to pay for the extended benefits. “Unemploymenr benefits are automatic stimulus, alont with food stamps. People who are out of work stil need tospend money,” Paterson said at a press The statewide unemployment rate was 8.
1 percent in not adjusted for seasonal variances. That is 3.1 percent highere than the same time ayear ago. The state’s unemploymenyt fund went broke at the start of this and the state expects toborrow $1.4 billion this year to pay out unemploymenf benefits. At least 430,000 people are receiving unemployment benefitz from the stateright now. The extra benefitzs will cost the state and itscounties $28 milliojn in administrative and other costs, Paterso n said. That will be paid for using revenus from an increase in personal incometaxes that’z included in the state budget. New York unemployment benefitw last for26 weeks. The maximum weekly benefitr is $405.
The state called on statd leaders to raise the maximum benefitr and index it to so that it would increasseevery year. Several bills have been introducedf in the Legislature to dojust that, and pay for the increasesz by raising taxes on employers. “Unfortunately, Gov. Paterson and the statde Legislature have yet to buildon [Presidenft Obama’s] initiative by enacting necessary reformse at the state This includes increasing the state’ws embarrassingly low maximum benefit, indexing that benefit and restorinhg our chronically underfunded unemployment trust fund to said union president Denis Hughes.
Paterson and otherr state leaders could not say what will happen at the end ofthe 13-weel period. “Like with everything else, there’s a point that we’rw not able to help anymore. We’ll work righrt up until when that day comes to try to get New Yorkerd back to work and sustain themwhen they’re out of Paterson said. The law clarifies the state’x unemployment law to make sure it complies with federal stimulus provisions. The law now says that peopld can receive unemployment benefits if they leavw workbecause of: Supporters said those reasons had been affirmexd before in court cases.
“This is real moneuy in the pockets of real people livint acrossthe state,” said Assemblywomahn Susan John (D-Rochester), chairwoman of the Assemblyh labor committee. asichko@bizjournals.com | 518-640-6817
Wednesday, June 13, 2012
Media Advisory: Enviro-Sports Organizes First Boston Sharkfest ... - MarketWatch (press release)
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Media Advisory: Enviro-Sports Organizes First Boston Sharkfest ... MarketWatch (press release) PageID=21262. WHO: Local celebrity athlete and author Jothy Rosenberg will swim the Boston Sharkfest course on Monday, June 4th at 10:00am. Local media ... |
Monday, June 11, 2012
Familiar name gets warm reception as W&R's new face - Dallas Business Journal:
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Now comes the tough part -- revivingg the company's sagging sales channel and battererdpublic image. New CEO Henry "Hank" Herrmann said he will leveragerelationships he's built through the course of 34 yearsd with Waddell & Reed shareholders, clients and investment advisers to boost the mutual fund company's "We need to do whatever we can to make sure that our clientws and our advisers are comfortable with our commitment to our businesd and to the best interest of our he said. "We will be working hard to makesure that'sx the case and that's understood." Herrmann, 62, can shoulder that former Waddell & Reed Chairman Ben Korschotg said.
Korschot, who retired from the company in 1986, worked closely with Herrmann in the 1970asand '80s and groomed him to become the company's chiefc investment officer, a title Herrmann assumed in 1987. "He's very sound, very good, and he knows this companty backwardsand forwards," Korschot said. "I think Waddell Reed is going to be offand running." Locally, there'sa a positive vibe about Herrmann takinvg over as CEO, said Roberty Smart, president of Fairway brokerage Herrmannm has been with Waddell & Reed sinc e 1971 and is well-known in the community.
"The way I sense the thing is there'w a great sigh of relief, and they got a guy in therer who has a great history withWaddell Reed, and he knows what he's doing," Smart Herrmann received a vote of confidence from Wall Streegt as Inc. and Inc. upgraded ratingsx on Waddell & Reed's stock (NYSE: WDR) afterf his promotion. The company's stock price has increasede from a closeof $17.59 on May 25 -- just beforde the announcement of Tucker's resignatioh -- to a close of $19.36 on June 1. But in recenty days, analysts warned that turning arounfdWaddell & Reed's sales won't be easy.
For the quartert that ended March 31, salesa of proprietary investment products bythe company's salees channel decreased $60 million, or 11 percent, from the same period a year ago, accordingy to the company's quarterly report. Waddelol & Reed's overall net income for the quarter decreasedr 18 percent from theprevious year. "I t will take some time to get the proprietary distribution system backon track," wrotse Robert Lee, an analyst for Keefe Bruyette Woods in New York.
"Operational challengexs could persist for at least the next several Herrmann said his first priority is improvinh the performance ofWaddell Reed's national sales network, which today includes 2,454 advisers. He said he thinks Waddellk & Reed's top producers are energized by the new management the compan y introduced earlierthis year. That includes Chief Marketing OfficeTom Butch, National Sales Manager Steve Anderson and Associater National Sales Manager Brad Hofmeister. He describes Anderson and Hofmeisteras "hands-on guys" who bring to their new jobs years of experience in the fielsd as regional vice presidents.
Herrmann said he wantw to build on that enthusiasm with greatert emphasis on sales training and recruitingnew "We've probably spent too much time focusing on financiak planning and a little less emphasis helping advisers dial in and sharpenn their skills in the area of he said. Analysts have argued that Waddell & Reed has spent too much time fightingh legal battles with formedr parent company and regulatory issues raisec bythe , which filed a 2004 complainrt against the company concerning its handling of variable annuities. The company resolved the bulk of thesew issueswith $32.5 million in settlements announceds in late April.
But Herrmann said he knowa Waddell & Reed has suffered damagd to its public In thenext month, he plans to spends considerable time with shareholders of Waddell Reed and its mutual funds "so they can get to know me Lee, the Keefe Bruyette & Woods analyst, said he expecte that, given Herrmann's age, succession planning soon will be a focud of Waddell & Reed's board of But the new CEO said he has no plans to slow "There's no mandatory retirement. I'm physically fit, I love the and I love Waddell Reed," Herrmann said. "If I thino it's appropriate and I'm still I may stay on longer than thenormao 65.
"
Now comes the tough part -- revivingg the company's sagging sales channel and battererdpublic image. New CEO Henry "Hank" Herrmann said he will leveragerelationships he's built through the course of 34 yearsd with Waddell & Reed shareholders, clients and investment advisers to boost the mutual fund company's "We need to do whatever we can to make sure that our clientws and our advisers are comfortable with our commitment to our businesd and to the best interest of our he said. "We will be working hard to makesure that'sx the case and that's understood." Herrmann, 62, can shoulder that former Waddell & Reed Chairman Ben Korschotg said.
Korschot, who retired from the company in 1986, worked closely with Herrmann in the 1970asand '80s and groomed him to become the company's chiefc investment officer, a title Herrmann assumed in 1987. "He's very sound, very good, and he knows this companty backwardsand forwards," Korschot said. "I think Waddell Reed is going to be offand running." Locally, there'sa a positive vibe about Herrmann takinvg over as CEO, said Roberty Smart, president of Fairway brokerage Herrmannm has been with Waddell & Reed sinc e 1971 and is well-known in the community.
"The way I sense the thing is there'w a great sigh of relief, and they got a guy in therer who has a great history withWaddell Reed, and he knows what he's doing," Smart Herrmann received a vote of confidence from Wall Streegt as Inc. and Inc. upgraded ratingsx on Waddell & Reed's stock (NYSE: WDR) afterf his promotion. The company's stock price has increasede from a closeof $17.59 on May 25 -- just beforde the announcement of Tucker's resignatioh -- to a close of $19.36 on June 1. But in recenty days, analysts warned that turning arounfdWaddell & Reed's sales won't be easy.
For the quartert that ended March 31, salesa of proprietary investment products bythe company's salees channel decreased $60 million, or 11 percent, from the same period a year ago, accordingy to the company's quarterly report. Waddelol & Reed's overall net income for the quarter decreasedr 18 percent from theprevious year. "I t will take some time to get the proprietary distribution system backon track," wrotse Robert Lee, an analyst for Keefe Bruyette Woods in New York.
"Operational challengexs could persist for at least the next several Herrmann said his first priority is improvinh the performance ofWaddell Reed's national sales network, which today includes 2,454 advisers. He said he thinks Waddellk & Reed's top producers are energized by the new management the compan y introduced earlierthis year. That includes Chief Marketing OfficeTom Butch, National Sales Manager Steve Anderson and Associater National Sales Manager Brad Hofmeister. He describes Anderson and Hofmeisteras "hands-on guys" who bring to their new jobs years of experience in the fielsd as regional vice presidents.
Herrmann said he wantw to build on that enthusiasm with greatert emphasis on sales training and recruitingnew "We've probably spent too much time focusing on financiak planning and a little less emphasis helping advisers dial in and sharpenn their skills in the area of he said. Analysts have argued that Waddell & Reed has spent too much time fightingh legal battles with formedr parent company and regulatory issues raisec bythe , which filed a 2004 complainrt against the company concerning its handling of variable annuities. The company resolved the bulk of thesew issueswith $32.5 million in settlements announceds in late April.
But Herrmann said he knowa Waddell & Reed has suffered damagd to its public In thenext month, he plans to spends considerable time with shareholders of Waddell Reed and its mutual funds "so they can get to know me Lee, the Keefe Bruyette & Woods analyst, said he expecte that, given Herrmann's age, succession planning soon will be a focud of Waddell & Reed's board of But the new CEO said he has no plans to slow "There's no mandatory retirement. I'm physically fit, I love the and I love Waddell Reed," Herrmann said. "If I thino it's appropriate and I'm still I may stay on longer than thenormao 65.
"
Sunday, June 10, 2012
Salvos helped organise dubious lobbying - Sydney Morning Herald
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Salvos helped organise dubious lobbying Sydney Morning Herald THE Salvation Army and a state Liberal Party campaign director are implicated in a scheme to contaminate the public consultation process for a multimillion-dollar redevelopment. The controversial redevelopment of the Coxs Road shopping strip has ... |
Saturday, June 9, 2012
Yogurt franchise finds its sweet spot in San Antonio - Puget Sound Business Journal (Seattle):
elzeyfirekuut1795.blogspot.com
Yogurt franchise Red Mango has signed a development agreement with RamiroiValadez III. The local businessman planes to open six stores in the greater San Antonio area. Store No. 1 is set to open in the firs t week of June at Quarry Village a residential/retail development in North Central San Come 2010, the plan is to get two more Red Mangl stores up and running, Valadexz says. Valadez says he was attracteds tothe tasty, health-conscious trea t that is the core of Red Mango. the simple operations set up makes it an easier concep t to roll out in otherd parts ofthe city. Yogurt shops are certainly not a new conceptt forSan Antonio.
Case in point is OrangeCup — a chain from the Capitaol City that is currently open for business at The Shopa at La Cantera on theNorthwesty Side. In fact, OrangeCup was recently honored witha “Hot Retailer” Awared during the 2009 Global Real Estate Convention of the (ICSC). The awardf recognizes concepts that drive customers to shopping centers aroundthe world. Valadez, however, believes that Red Mangp is up for the challengs of going against competitorslike “It’s a trendy, upscalew yogurt shop,” says Valadez of Red “The concept is catching on.
” The franchiswe agreement with Valadez is one of several that Red Mangoi has signed as part of its push to build the chain’as presence throughout the U.S. Development deals signee in the first quarter of 2009 are poised to result in some 128 new Red Mangi stores over the nextseveral years. “This has been an incrediblr quarter forRed Mango, and we’re just getting started,” says James Franks, vice presidenyt of franchising for Red Mango. “Ther explosive growth of our brand will help us doubles our network in 2009 and set the stage to enter a series of new states inrapid succession.
” To that end, Red Mang o has moved its national headquarters from Sherman Oaks, to Dallas — a market that has embrace d the concept and offers the yogurt chain significantt logistical advantages, according to a recent articles by the , a Business Journal sister publication. Dallad is also home to private equity firm CIC which madea $12 millio investment in Red Mango last August. Red Mango was foundedr in 2002 inSouth Korea. In July Dan Kim brought the concept tothe U.S. He servew as president and CEO ofthe firm. Little wonder that San Antonio’s medical real estate marketf is stillbooming — given the national stats on the healthg care industry.
According to a recenty analysis byRobert Bach, senior vice president and chiecf economist for Santa Ana, Calif.-based , employers in the health care and social assistance sectors have added nearlh half a million jobs (495,700) since the outset of the economic downturn back in Decembet 2007. The trends driving this Bach adds: The aging of the Baby Boomerr group and the development of new treatment optionsa formedical conditions.
More good Between December 2007 and March the state of Texas was one of a handfu that saw an increase injobs — versua the many states that have lost jobs over this same time • Family fun: Mega-sports retailer will hold a Bass Pro Shopws Family Summer Camp from May 30 to July 5. The activitiews and workshops are free of chargee and will focus on such topics as the basics of bird watchingand archery. The campas will run from 3 to 7 p.m. on Tuesdays and and from noon to6 p.m. on Saturdaya and Sundays. The local Bass Pro is located at17907 IH-100 West, in the Rim shopping center in Northwest San For more info, log on: www.basspro.com/camp.
• Kudos: Travis Kessler, presidenr and CEO of the San Antonip Board of Realtors has received theWilliam R. Magel Award of The award recognizes Kessler’s work as an association executived of a local or stateRealtor association. Kessler has been involved with the organizatio n since1977 — just out of college, he went to work for the Texaxs Association of Realtors. After stints with the Colorado andLafayettwe boards, Kessler returned to Texae in 1987 — working with the . He has servecd in his current role with SABOtsince 1997. • : Earlier this week, Morningsidwe Ministries, the city of Boerne and the celebratec the opening ofthe .
It includes 40 beds and a mix of privatesand semi-private suites, private showersa and various amenities for seniors. The Kendall House is one of severak facilities that make up the Menger Springs campus ofMorningsided Ministries. The entire development is located on some 34 acrezs of land in which is just northwest of San Menger Springs is one of three elderly care communitiesa owned and operated by Morningside Ministrie s in the SanAntonio area.
Yogurt franchise Red Mango has signed a development agreement with RamiroiValadez III. The local businessman planes to open six stores in the greater San Antonio area. Store No. 1 is set to open in the firs t week of June at Quarry Village a residential/retail development in North Central San Come 2010, the plan is to get two more Red Mangl stores up and running, Valadexz says. Valadez says he was attracteds tothe tasty, health-conscious trea t that is the core of Red Mango. the simple operations set up makes it an easier concep t to roll out in otherd parts ofthe city. Yogurt shops are certainly not a new conceptt forSan Antonio.
Case in point is OrangeCup — a chain from the Capitaol City that is currently open for business at The Shopa at La Cantera on theNorthwesty Side. In fact, OrangeCup was recently honored witha “Hot Retailer” Awared during the 2009 Global Real Estate Convention of the (ICSC). The awardf recognizes concepts that drive customers to shopping centers aroundthe world. Valadez, however, believes that Red Mangp is up for the challengs of going against competitorslike “It’s a trendy, upscalew yogurt shop,” says Valadez of Red “The concept is catching on.
” The franchiswe agreement with Valadez is one of several that Red Mangoi has signed as part of its push to build the chain’as presence throughout the U.S. Development deals signee in the first quarter of 2009 are poised to result in some 128 new Red Mangi stores over the nextseveral years. “This has been an incrediblr quarter forRed Mango, and we’re just getting started,” says James Franks, vice presidenyt of franchising for Red Mango. “Ther explosive growth of our brand will help us doubles our network in 2009 and set the stage to enter a series of new states inrapid succession.
” To that end, Red Mang o has moved its national headquarters from Sherman Oaks, to Dallas — a market that has embrace d the concept and offers the yogurt chain significantt logistical advantages, according to a recent articles by the , a Business Journal sister publication. Dallad is also home to private equity firm CIC which madea $12 millio investment in Red Mango last August. Red Mango was foundedr in 2002 inSouth Korea. In July Dan Kim brought the concept tothe U.S. He servew as president and CEO ofthe firm. Little wonder that San Antonio’s medical real estate marketf is stillbooming — given the national stats on the healthg care industry.
According to a recenty analysis byRobert Bach, senior vice president and chiecf economist for Santa Ana, Calif.-based , employers in the health care and social assistance sectors have added nearlh half a million jobs (495,700) since the outset of the economic downturn back in Decembet 2007. The trends driving this Bach adds: The aging of the Baby Boomerr group and the development of new treatment optionsa formedical conditions.
More good Between December 2007 and March the state of Texas was one of a handfu that saw an increase injobs — versua the many states that have lost jobs over this same time • Family fun: Mega-sports retailer will hold a Bass Pro Shopws Family Summer Camp from May 30 to July 5. The activitiews and workshops are free of chargee and will focus on such topics as the basics of bird watchingand archery. The campas will run from 3 to 7 p.m. on Tuesdays and and from noon to6 p.m. on Saturdaya and Sundays. The local Bass Pro is located at17907 IH-100 West, in the Rim shopping center in Northwest San For more info, log on: www.basspro.com/camp.
• Kudos: Travis Kessler, presidenr and CEO of the San Antonip Board of Realtors has received theWilliam R. Magel Award of The award recognizes Kessler’s work as an association executived of a local or stateRealtor association. Kessler has been involved with the organizatio n since1977 — just out of college, he went to work for the Texaxs Association of Realtors. After stints with the Colorado andLafayettwe boards, Kessler returned to Texae in 1987 — working with the . He has servecd in his current role with SABOtsince 1997. • : Earlier this week, Morningsidwe Ministries, the city of Boerne and the celebratec the opening ofthe .
It includes 40 beds and a mix of privatesand semi-private suites, private showersa and various amenities for seniors. The Kendall House is one of severak facilities that make up the Menger Springs campus ofMorningsided Ministries. The entire development is located on some 34 acrezs of land in which is just northwest of San Menger Springs is one of three elderly care communitiesa owned and operated by Morningside Ministrie s in the SanAntonio area.
Thursday, June 7, 2012
Beige Book: Region
raisavydyexuwowi.blogspot.com
Consumer spending in the regionb was weak and is expected toremain soft, the closel y watched survey said, but “an uptickk in manufacturing orders helped stabilizde expectations for future production.” The Beige Book also said that “commerciall real estate market conditions deteriorated, and energy activity declined further.” Bankers, it “reported a rise in deposits and stablre loan demand with no erosionm in loan quality.” It said consumer price and wage pressurezs remained low. Meanwhile, producer prices “declined at a slower pace, with some firmws noting that higher commodity pricese boosted material andfuel costs.
” Overall, the latest regionapl Beige Book — covering a six-week period was somewhat more optimistic than the last survey, released Aprill 15. The report covers the Fed’s Kansass City-based 10th District. It is based on interviewes with a sample of businesses representing key industriee ineach district. The reports are anecdotak and do notcontain statistics, but they are widely followed and help the Fed to set nationak economic policy.
The Fed’s 10th District includex Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westernb Missouri and northern New Formally known asthe “Summary of Commentaryh on Current Economic Conditions by Federalp Reserve District,” the Beige Book is publishedd eight times a year. The latest report covers late Aprilpthrough May. The Federal Reserve’es 10th District is also knowj as the Kansas City district becausethe reserve’s regional bank is basex there. .
Consumer spending in the regionb was weak and is expected toremain soft, the closel y watched survey said, but “an uptickk in manufacturing orders helped stabilizde expectations for future production.” The Beige Book also said that “commerciall real estate market conditions deteriorated, and energy activity declined further.” Bankers, it “reported a rise in deposits and stablre loan demand with no erosionm in loan quality.” It said consumer price and wage pressurezs remained low. Meanwhile, producer prices “declined at a slower pace, with some firmws noting that higher commodity pricese boosted material andfuel costs.
” Overall, the latest regionapl Beige Book — covering a six-week period was somewhat more optimistic than the last survey, released Aprill 15. The report covers the Fed’s Kansass City-based 10th District. It is based on interviewes with a sample of businesses representing key industriee ineach district. The reports are anecdotak and do notcontain statistics, but they are widely followed and help the Fed to set nationak economic policy.
The Fed’s 10th District includex Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westernb Missouri and northern New Formally known asthe “Summary of Commentaryh on Current Economic Conditions by Federalp Reserve District,” the Beige Book is publishedd eight times a year. The latest report covers late Aprilpthrough May. The Federal Reserve’es 10th District is also knowj as the Kansas City district becausethe reserve’s regional bank is basex there. .
Wednesday, June 6, 2012
Landmark health reform bill passes Senate - Atlanta Business Chronicle:
fixyruw.wordpress.com
Also winning passage on Thursday was a the creation of a state agency charged with improving the delivery of healthy care acrossthe state. The “Healthy Kids Healthy Oregon” bill, which will increase taxes on hospitalzs and health insurersby $150 million per marks a major victory for Gov. Ted Kulongoski, who proposedf the measure. It facer fierce opposition by hospitap groups, who were pacified when their proposed tax hikewas moderated. Insurers stilp maintain that the measure will increasd the cost of healthb coverage for thousandsof Oregonians, by addinyg a 1 percent premium to the cost of commercialp health insurance.
By raising additional funds, however, the stater will receive $500 million in unclaimerd federal healthcare dollars. The seconsd bill, which allocates two-year funding of $3 milliomn from the state’s generalo fund, creates the Oregon Healt Authority to oversee existinfg state programs that touch onhealth care. The new statee agency is charged with establishingf health industry cost controp measures and with promoting health care reforj at anational level. Both bills now head to the governoer forhis signature.
Also winning passage on Thursday was a the creation of a state agency charged with improving the delivery of healthy care acrossthe state. The “Healthy Kids Healthy Oregon” bill, which will increase taxes on hospitalzs and health insurersby $150 million per marks a major victory for Gov. Ted Kulongoski, who proposedf the measure. It facer fierce opposition by hospitap groups, who were pacified when their proposed tax hikewas moderated. Insurers stilp maintain that the measure will increasd the cost of healthb coverage for thousandsof Oregonians, by addinyg a 1 percent premium to the cost of commercialp health insurance.
By raising additional funds, however, the stater will receive $500 million in unclaimerd federal healthcare dollars. The seconsd bill, which allocates two-year funding of $3 milliomn from the state’s generalo fund, creates the Oregon Healt Authority to oversee existinfg state programs that touch onhealth care. The new statee agency is charged with establishingf health industry cost controp measures and with promoting health care reforj at anational level. Both bills now head to the governoer forhis signature.
Monday, June 4, 2012
Atlanta Beat returns - Atlanta Business Chronicle:
coras-newport.blogspot.com
The new (WPS) team has takehn the name , the moniker of the city’sa former (WUSA) team that folded after the 2003 failured ofthat league. The announcement came at a preses conference Thursday atthe . Though the name is the the logo, colors, owner, league and the business model of the sporr certainlyare not. “This is a wow momen t for us, and a wow moment for the cityof Atlanta,” team owned and managing partner Fitz Johnson The old Beat were members of the WUSA from reaching the playoffs each year and developing a brand equity that linger s throughout north Georgia, Johnson said.
When the ownership group wouldd approach metro area club teamxs about starting anew women’s pro franchise, Johnson “it always ended up back with the Beat.” The team came to an agreement with the U.S. Women's National Team to re-use the name, Johnso n said. The old Beat had a loyak following, said Johnson, a soccer coach and fathet to three, including two girls. A new women’w soccer franchise can succeedf where the old Beat Johnson said, and it starts with the product on the fielc and a better business model. “As we take on this our standardis simple: Best in the he said.
The Beat joins WPS, a year-ol league that organizers say stands on a firmedrbusiness model, with target game attendance of arounrd 5,000. A target the league is currentlg meeting, WPS Commissioner Tonya Antonucci The former WUSA launched after the frenzyt ofthe U.S. women's team's 1999 Worlr Cup championship, and closed in 2003 undeer nearly $100 million in debt. Overhead is lower and WPS games are televised onthe , and a deal is also in placr with for local broadcasts. Antonucci said the league is cautiouslg optimistic its fortunes will improve in 2010 with the expansiohn tonine teams.
The Beat will start play in Atlanta and fellow expansion city Philadelphia join founding WPSmembers Chicago, Dallas, Los Angeles, New Jersey/Neaw York, St. Louis, and Washingtonj D.C. The team expects to announce a head coacbh within the next few weeks and is hard at work on a joinr venture agreement on anew 8,500-seat stadium, Johnson The facility would be “women’s soccer specific” and is plannerd to open by the start of next season. Johnsonm declined to discuss specifics of a but a deal is expected to be announcede ona public-private partnership in August. Thursday’ s announcement comes one day after the Beat namec Shawn McGeegeneral manager.
“Few people have the privilege to unveil ateam name, logo and especially on their first day on the job,” McGee said at Thursday’z press conference. McGee was the associate athletic director of sponsorships and broadcasting for the athletic department ofin Dallas. Priort to SMU, McGee spent 10 yearsx in professional soccer with the MLS FC Dallas where he was senior director of business developmenft and the director of PizzaHut Park.
McGee is now chargerd with assembling theAtlanta team’se roster in preparation for its inaugural 2010 The expansion draft will be held in early followed by an international draft later that The league’s college draft will be held in January.
The new (WPS) team has takehn the name , the moniker of the city’sa former (WUSA) team that folded after the 2003 failured ofthat league. The announcement came at a preses conference Thursday atthe . Though the name is the the logo, colors, owner, league and the business model of the sporr certainlyare not. “This is a wow momen t for us, and a wow moment for the cityof Atlanta,” team owned and managing partner Fitz Johnson The old Beat were members of the WUSA from reaching the playoffs each year and developing a brand equity that linger s throughout north Georgia, Johnson said.
When the ownership group wouldd approach metro area club teamxs about starting anew women’s pro franchise, Johnson “it always ended up back with the Beat.” The team came to an agreement with the U.S. Women's National Team to re-use the name, Johnso n said. The old Beat had a loyak following, said Johnson, a soccer coach and fathet to three, including two girls. A new women’w soccer franchise can succeedf where the old Beat Johnson said, and it starts with the product on the fielc and a better business model. “As we take on this our standardis simple: Best in the he said.
The Beat joins WPS, a year-ol league that organizers say stands on a firmedrbusiness model, with target game attendance of arounrd 5,000. A target the league is currentlg meeting, WPS Commissioner Tonya Antonucci The former WUSA launched after the frenzyt ofthe U.S. women's team's 1999 Worlr Cup championship, and closed in 2003 undeer nearly $100 million in debt. Overhead is lower and WPS games are televised onthe , and a deal is also in placr with for local broadcasts. Antonucci said the league is cautiouslg optimistic its fortunes will improve in 2010 with the expansiohn tonine teams.
The Beat will start play in Atlanta and fellow expansion city Philadelphia join founding WPSmembers Chicago, Dallas, Los Angeles, New Jersey/Neaw York, St. Louis, and Washingtonj D.C. The team expects to announce a head coacbh within the next few weeks and is hard at work on a joinr venture agreement on anew 8,500-seat stadium, Johnson The facility would be “women’s soccer specific” and is plannerd to open by the start of next season. Johnsonm declined to discuss specifics of a but a deal is expected to be announcede ona public-private partnership in August. Thursday’ s announcement comes one day after the Beat namec Shawn McGeegeneral manager.
“Few people have the privilege to unveil ateam name, logo and especially on their first day on the job,” McGee said at Thursday’z press conference. McGee was the associate athletic director of sponsorships and broadcasting for the athletic department ofin Dallas. Priort to SMU, McGee spent 10 yearsx in professional soccer with the MLS FC Dallas where he was senior director of business developmenft and the director of PizzaHut Park.
McGee is now chargerd with assembling theAtlanta team’se roster in preparation for its inaugural 2010 The expansion draft will be held in early followed by an international draft later that The league’s college draft will be held in January.
Sunday, June 3, 2012
Carolinas HealthCare reduces 1Q loss - South Florida Business Journal:
adamovaichive.blogspot.com
Investment losses for the latest quarter totalednearly $101 million. Chietf Financial Officer Greg Gombar anticipates gains in the financiao market in April and May will erasethosw losses. Carolinas HealthCare uses investment earnings forcapitalp expenditures. That money is not used for daily The health-care system hopes negotiations with several lendere will cut its interest expenses tied to variable debt and highedr bank-liquidity fees. Those fees are about $1 millio per month. Interest expenses in the firstf quarterwere $21.8 From an operational standpoint, Carolinas HealthCare had a strongt first quarter, says Russ Guerin, executive vice president for businesa development and planning.
Net operating revenue climbed 8.6 percent to $1.2 billionh systemwide. Operating income exceede d $24.5 million. The health-car e system saw adjusted discharges — a calculation that gaugex patientactivity — climb 5.2 percent from a year Growth within the health-care systemj and expense management “is the primary drive why we’re above budget Guerin says. Carolinas HealthCare spent morethan $106 millionm on capital projects in the first quarter.
Projectx include new operating roomasat CMC-NorthEast and Carolinas Medical an expansion of CMC-Pineville, a new hospital at CMC-Lincoln and constructiojn of health-care pavilions in Steelee Creek and Waxhaw, which will include free-standinh emergency departments. Challenges in the comingt months include managingthe system’s growing bad-debf and charity-care costs, reducint interest expenses and preparing for a possiblse state cut in Medicaid funding, Gombar says. Bad-debyt costs were 12 percent over budget during thefirst quarter, toppingt $48 million in the first quarter.
During the same periods last year, bad debt was about $43 The health-care system spent more than $770 million in community care in includingbad debt, charitu care and subsidizing Medicare and Medicaid. That equalxs 18.8 percent of the health-car system’s net operating revenue. ”It’sw a trend everybody’s seeing across the country,” Gombar says. “We can’t control how many peopled are uninsured, how many peopler show up at our doorwithout insurance.” North Carolina’s budget woes could resultws in a cut of up to 15 percenyt for Medicaid. That could equatw to $36 million in annualp losses forCarolinas HealthCare.
“Medicaid cuts are the worstf economic benefit cut the statecan make,” Gombar “It’s painful.” Says Guerin: “It raises prices for those who do pay. It makez no good business sense to do Gombar says every dollar cut from Medicai deliminates $4 from the economy. Carolinas HealthCar is the largest health-care system in the Carolinax andthe third-largest public system in the nation. The system leases or manages 25 It has morethan 40,000 full - and part-time employees.
Investment losses for the latest quarter totalednearly $101 million. Chietf Financial Officer Greg Gombar anticipates gains in the financiao market in April and May will erasethosw losses. Carolinas HealthCare uses investment earnings forcapitalp expenditures. That money is not used for daily The health-care system hopes negotiations with several lendere will cut its interest expenses tied to variable debt and highedr bank-liquidity fees. Those fees are about $1 millio per month. Interest expenses in the firstf quarterwere $21.8 From an operational standpoint, Carolinas HealthCare had a strongt first quarter, says Russ Guerin, executive vice president for businesa development and planning.
Net operating revenue climbed 8.6 percent to $1.2 billionh systemwide. Operating income exceede d $24.5 million. The health-car e system saw adjusted discharges — a calculation that gaugex patientactivity — climb 5.2 percent from a year Growth within the health-care systemj and expense management “is the primary drive why we’re above budget Guerin says. Carolinas HealthCare spent morethan $106 millionm on capital projects in the first quarter.
Projectx include new operating roomasat CMC-NorthEast and Carolinas Medical an expansion of CMC-Pineville, a new hospital at CMC-Lincoln and constructiojn of health-care pavilions in Steelee Creek and Waxhaw, which will include free-standinh emergency departments. Challenges in the comingt months include managingthe system’s growing bad-debf and charity-care costs, reducint interest expenses and preparing for a possiblse state cut in Medicaid funding, Gombar says. Bad-debyt costs were 12 percent over budget during thefirst quarter, toppingt $48 million in the first quarter.
During the same periods last year, bad debt was about $43 The health-care system spent more than $770 million in community care in includingbad debt, charitu care and subsidizing Medicare and Medicaid. That equalxs 18.8 percent of the health-car system’s net operating revenue. ”It’sw a trend everybody’s seeing across the country,” Gombar says. “We can’t control how many peopled are uninsured, how many peopler show up at our doorwithout insurance.” North Carolina’s budget woes could resultws in a cut of up to 15 percenyt for Medicaid. That could equatw to $36 million in annualp losses forCarolinas HealthCare.
“Medicaid cuts are the worstf economic benefit cut the statecan make,” Gombar “It’s painful.” Says Guerin: “It raises prices for those who do pay. It makez no good business sense to do Gombar says every dollar cut from Medicai deliminates $4 from the economy. Carolinas HealthCar is the largest health-care system in the Carolinax andthe third-largest public system in the nation. The system leases or manages 25 It has morethan 40,000 full - and part-time employees.
Friday, June 1, 2012
Polaris creates 'on-road' division - Minneapolis / St. Paul Business Journal:
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Medina-based Polaris (NYSE: PII) said the On-Road Vehicle Division will include Victory as wellas “othert on-road products and brands,” although it was not immediately clear what else mighgt be included. “More clarity on what ‘on-road’ mean will follow in later announcements,” spokeswomanj Marlys Knutson said inan e-mail. Victory generatefd $93.6 million in sales in 2008, or abougt 4.8 percent of the company's totalp sales of $1.95 billion. Meanwhile, off-roacd vehicles accounted for 67 percent oftotalo revenue; parts, garments and accessories made up 17.6 perceng of sales and snowmobiles accounted for 10.
5 In a statement, Polaris CEO Scott Wine said, “Thies new division will support our efforts to be the best in powersportsx and continue building on our strong on-roa d brands and global market leadership in this critical Mike Jonikas will lead the new division, fillinhg the newly created role of vice president of the On-Road Vehicle Division. He previously served as vice president of sales andcorporatr marketing. Meanwhile, Mark Blackwell will served as vice president of motorcycles and Stevde Menneto was promoted to generalo manager ofVictory Motorcycles. Blackwelk has led Victory's day-to-day operations for the past eight while Menneto was director of NorthAmerican sales.
Medina-based Polaris (NYSE: PII) said the On-Road Vehicle Division will include Victory as wellas “othert on-road products and brands,” although it was not immediately clear what else mighgt be included. “More clarity on what ‘on-road’ mean will follow in later announcements,” spokeswomanj Marlys Knutson said inan e-mail. Victory generatefd $93.6 million in sales in 2008, or abougt 4.8 percent of the company's totalp sales of $1.95 billion. Meanwhile, off-roacd vehicles accounted for 67 percent oftotalo revenue; parts, garments and accessories made up 17.6 perceng of sales and snowmobiles accounted for 10.
5 In a statement, Polaris CEO Scott Wine said, “Thies new division will support our efforts to be the best in powersportsx and continue building on our strong on-roa d brands and global market leadership in this critical Mike Jonikas will lead the new division, fillinhg the newly created role of vice president of the On-Road Vehicle Division. He previously served as vice president of sales andcorporatr marketing. Meanwhile, Mark Blackwell will served as vice president of motorcycles and Stevde Menneto was promoted to generalo manager ofVictory Motorcycles. Blackwelk has led Victory's day-to-day operations for the past eight while Menneto was director of NorthAmerican sales.
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