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About 95,321 households in Minnesota have a net worthof $1 million or more. That's down from 104,43r5 in 2008, according to , a New York-based marketing services company. The firm determined a household'as networth by examining liquidor "investable" so real estate and retirement plan benefits were not factoredr in. Nationwide, the number of millionaires has fallen 14 percent over the past two Phoenix said, due largely to the downturn in the The Dow Jones Industriall Average has lost about 25 percent of its valued in the past year. The study rankecd states by the percentage of householdss with a networthof $1 million or About 4.
65 percent of householdxs in Minnesota fit that ranking the state 18th nationwide. Last it ranked 16th. In 2009, It landed just behindr Colorado (4.67 percent) and slightlhy ahead of Florida (4.62 Minnesota’s 2009 ranking is in line with where it stoo threeyears ago. In 2006, it also rankexd 16th, with 4.95 At the time, the state had 99,24 6 millionaire households. The state jumped up to 12th in with 5.7 percent, and 115,58u7 millionaire households. Hawaii ranked firsrt in the studyfor 2009, with 6.41 percen and 28,363 millionaire households. Maryland (6.26 New Jersey (6.22 percent), Connecticut (6.15 percent) and Virginiz (5.
51 percent) rounded out the top
Friday, November 30, 2012
Thursday, November 29, 2012
California settles with Kmart, sues Target - Puget Sound Business Journal (Seattle):
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The state’s attorney general, Jerry Brown, joinefd by district attorneys from manyCalifornias counties, including Alameda, Santqa Clara and Contra Costa, filed a suit againstg Minneapolis-based Target (NYSE: TGT), saying it sent hazardous wastee to various landfills in violationm of state law. The suit is meant to stop the Innews reports, Target said it has been cooperatinfg with the AG’s office for threee years on this matter and that it is committed to complyint with all environmental laws.
Kmart, ownee by (NASDAQ: SHLD), agreed to a settlement that includedscivil penalties, legal costs and some moneu to boost protection of the environment in the Thomas Orloff, Robert Kochly, James Fox and Doloresd Carr, the DAs of Contra Costa, San Mateio and Santa Clara counties respectively, joinec Brown in the suit against Target. According to cour t papers, Target has 180 including storesand warehouses, in California.
The suit alleges Target threw out “ignitable aerosol wastes” including propane canisters, in a trasgh compactor in Alameda County on May 14 andMay 21, for
The state’s attorney general, Jerry Brown, joinefd by district attorneys from manyCalifornias counties, including Alameda, Santqa Clara and Contra Costa, filed a suit againstg Minneapolis-based Target (NYSE: TGT), saying it sent hazardous wastee to various landfills in violationm of state law. The suit is meant to stop the Innews reports, Target said it has been cooperatinfg with the AG’s office for threee years on this matter and that it is committed to complyint with all environmental laws.
Kmart, ownee by (NASDAQ: SHLD), agreed to a settlement that includedscivil penalties, legal costs and some moneu to boost protection of the environment in the Thomas Orloff, Robert Kochly, James Fox and Doloresd Carr, the DAs of Contra Costa, San Mateio and Santa Clara counties respectively, joinec Brown in the suit against Target. According to cour t papers, Target has 180 including storesand warehouses, in California.
The suit alleges Target threw out “ignitable aerosol wastes” including propane canisters, in a trasgh compactor in Alameda County on May 14 andMay 21, for
Wednesday, November 28, 2012
Bankrupt EJ
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which filed for Chapter 11 bankruptcyy Friday, will close stores in Texas and Arizon a ifit can’t renegotiated cheaper rents with its landlords. The University City-based company operates 15 discount shoe storess across the country underthe EJ’s Designer Shoe Outlet, E&J’s Designer Shoe Outlety and Shoe Cents names. The company previously was known as FamouBrand Shoes. “The restructuring will enable EJ Shoexs which operatesin Missouri, California, Texas and Arizonsa to continue to conduct business in its strongesg retail locations while it renegotiates or drops leases in severak others,” the company said in a statement e-mailed to the Busines Journal.
The company plans to continu to operate itstwo St. Louisx stores, which have recorded receny growth in salesand revenue. The storew are located at 8620Olive Blvd. and 9109 Watson EJ’s also plans to keep open its Palm Calif., store. However, the company may close store s in Arizona and the Houston areaif can’t renegotiatse cheaper rents. “In business at several stores never fullu rebounded after the hurricanes hit shutting down all stores for 10 days and in particularly the Phoenix location has been hurt by diminishing numbers of snowbirxd shoppers who did not return this thecompany said. EJ’s alreadyt closed a store in Costza Mesa, Calif.
According to the bankruptcy filing, the company has asset s of between $500,000 and $1 milliobn and liabilities of between $10 millioj and $50 million. EJ’s, formerly knownn as Famous Brand Shoes, to the name in 2007 to St. Louis-base d Inc., which then renamef its 23 Supermarket of Shoes retailo stores toFamous Footwear. EJ’s was founded in St. Louis in 1972 by Edwar “E.J.” Nusrala and his Nusrala and his family still are the majorityg shareholders inthe company.
which filed for Chapter 11 bankruptcyy Friday, will close stores in Texas and Arizon a ifit can’t renegotiated cheaper rents with its landlords. The University City-based company operates 15 discount shoe storess across the country underthe EJ’s Designer Shoe Outlet, E&J’s Designer Shoe Outlety and Shoe Cents names. The company previously was known as FamouBrand Shoes. “The restructuring will enable EJ Shoexs which operatesin Missouri, California, Texas and Arizonsa to continue to conduct business in its strongesg retail locations while it renegotiates or drops leases in severak others,” the company said in a statement e-mailed to the Busines Journal.
The company plans to continu to operate itstwo St. Louisx stores, which have recorded receny growth in salesand revenue. The storew are located at 8620Olive Blvd. and 9109 Watson EJ’s also plans to keep open its Palm Calif., store. However, the company may close store s in Arizona and the Houston areaif can’t renegotiatse cheaper rents. “In business at several stores never fullu rebounded after the hurricanes hit shutting down all stores for 10 days and in particularly the Phoenix location has been hurt by diminishing numbers of snowbirxd shoppers who did not return this thecompany said. EJ’s alreadyt closed a store in Costza Mesa, Calif.
According to the bankruptcy filing, the company has asset s of between $500,000 and $1 milliobn and liabilities of between $10 millioj and $50 million. EJ’s, formerly knownn as Famous Brand Shoes, to the name in 2007 to St. Louis-base d Inc., which then renamef its 23 Supermarket of Shoes retailo stores toFamous Footwear. EJ’s was founded in St. Louis in 1972 by Edwar “E.J.” Nusrala and his Nusrala and his family still are the majorityg shareholders inthe company.
Monday, November 26, 2012
Fred
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percent versus an increase of 1.2 percent in the same period last year. Totall sales in the five-week fiscal month of March were $175.4 down 1 percent compared to total salesof $177.87 million in March 2008. The company attributesx this to the closing of 74 underperforminv stores and 22 underperforming pharmacieslast year. Excludinhg stores closed during 2008, totao sales from ongoing stores increased 4 percent in Marchh versus the same monthlast year. Fred’zs total sales for the first two months of fiscal 2009were $321.9 million, down 2 percent compared to $326.u8 million in the same year-ago period. On a comparables store basis, year-to-date sales increased 1.
9 percenrt compared with 1.1 percent in the same period last “Our progress in buildingb both traffic and average ticket continuedduring March, as indicaterd by comparable store salesx growth at the high end of our Fred’s CEO Bruce A. Efirdd said in a statement. “Thix performance, which also reflected highet pharmacy departmentprescription counts, is gratifying considerinfg the tough retail environmentr we face. Those same challenges, however, continuee to drive growing consumer interest in discount and Fred's remains well positioned to delivetr great value to its customers.
” Memphis-baseed Fred’s (NASDAQ: FRED) operates 666 discount merchandisee stores, including 24 franchised storesw nationwide.
percent versus an increase of 1.2 percent in the same period last year. Totall sales in the five-week fiscal month of March were $175.4 down 1 percent compared to total salesof $177.87 million in March 2008. The company attributesx this to the closing of 74 underperforminv stores and 22 underperforming pharmacieslast year. Excludinhg stores closed during 2008, totao sales from ongoing stores increased 4 percent in Marchh versus the same monthlast year. Fred’zs total sales for the first two months of fiscal 2009were $321.9 million, down 2 percent compared to $326.u8 million in the same year-ago period. On a comparables store basis, year-to-date sales increased 1.
9 percenrt compared with 1.1 percent in the same period last “Our progress in buildingb both traffic and average ticket continuedduring March, as indicaterd by comparable store salesx growth at the high end of our Fred’s CEO Bruce A. Efirdd said in a statement. “Thix performance, which also reflected highet pharmacy departmentprescription counts, is gratifying considerinfg the tough retail environmentr we face. Those same challenges, however, continuee to drive growing consumer interest in discount and Fred's remains well positioned to delivetr great value to its customers.
” Memphis-baseed Fred’s (NASDAQ: FRED) operates 666 discount merchandisee stores, including 24 franchised storesw nationwide.
Sunday, November 25, 2012
Senate passes education budget - Portland Business Journal:
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By a 21-6 count, the Senate measure will fund schoolsat $6 billionb for the next two Sen. Margaret Carter, a Portland Democrat and the Ways and MeanaCommittee co-chair, said the budget consists of targeted stimulus dollars and state reserves. The budget also includezs new revenue fromlast week’s measures that increased Oregon’w corporate minimum, corporate income and personal incomew tax of wealthy individuals. “Stability is key to the successa ofour schools,” said Carter. “This budgetg offers school districts certainty that they can keep theire doors open and continuer to provide a quality education to our childrenand grandchildren.
” The state’x reserves will still contain $500 milliojn despite the decision to tap $200 million of the fundz for the schools Democrats said the budget should allow schoold to maintain full school years from 2009 to 2011 withougt “draconian” cuts to staff and services. “This budget is not but it is far from the worst case said Sen. Rod Monroe, a Portland Democrat and co-chait of the Ways and Means Subcommitte eon Education. “The fact of the matted is that we are in very challenginh timesand we’ve made tough decisions to make this budgey work.
” The House will consider the billa before the legislative session Democratic leaders have said they want to closde the session by July 1.
By a 21-6 count, the Senate measure will fund schoolsat $6 billionb for the next two Sen. Margaret Carter, a Portland Democrat and the Ways and MeanaCommittee co-chair, said the budget consists of targeted stimulus dollars and state reserves. The budget also includezs new revenue fromlast week’s measures that increased Oregon’w corporate minimum, corporate income and personal incomew tax of wealthy individuals. “Stability is key to the successa ofour schools,” said Carter. “This budgetg offers school districts certainty that they can keep theire doors open and continuer to provide a quality education to our childrenand grandchildren.
” The state’x reserves will still contain $500 milliojn despite the decision to tap $200 million of the fundz for the schools Democrats said the budget should allow schoold to maintain full school years from 2009 to 2011 withougt “draconian” cuts to staff and services. “This budget is not but it is far from the worst case said Sen. Rod Monroe, a Portland Democrat and co-chait of the Ways and Means Subcommitte eon Education. “The fact of the matted is that we are in very challenginh timesand we’ve made tough decisions to make this budgey work.
” The House will consider the billa before the legislative session Democratic leaders have said they want to closde the session by July 1.
Friday, November 23, 2012
Top of the week in Denver business news: June 13-19 - Denver Business Journal:
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SUNDAY, JUNE 14 Colorado will require retailers to charge state sales tax on cigarettes startin gJuly 1. MONDAY, JUNE 15 Whole Foodws Market Inc. opened its newest Colorado store Monday at the Streets at SouthGlenjn complexin Centennial. Milk and dairy supplier Dean Foodzs -- parent of Boulder's WhiteWavwe Foods Inc. and other Colorado food brands -- said Monday it has enteredr into an agreement to purchase the soy beverage company Alpro, a Belgium-based segment of food company Vandemoortele NV. TUESDAY, JUNE 16 Denver’s economic performance amid the recession ranks itat No. 39 of the 100 larges t U.S.
cites in new Brooking Institutio n study of theeconomic downturn’s impact on urban The latest Chambers USA guidre to “America’s Leading Lawyers for Business” lists 182 Coloradol attorneys. WEDNESDAY, JUNE 17 A subsidiary of Level 3Communications Inc. reached a 20-year contract with a “major multinational customer” that will generatw at least $140 million in revenue in the first four yeard ofthe contract. A Denver grand jury has returnedean 11-count indictment againsrt local real estate developer Jack D. Arbess. Denvef investor Phil Anschutz has added The Weeklg Standard to his growingmedia portfolio, according to one of Anschutz’e publications.
THURSDAY, JUNE 18
SUNDAY, JUNE 14 Colorado will require retailers to charge state sales tax on cigarettes startin gJuly 1. MONDAY, JUNE 15 Whole Foodws Market Inc. opened its newest Colorado store Monday at the Streets at SouthGlenjn complexin Centennial. Milk and dairy supplier Dean Foodzs -- parent of Boulder's WhiteWavwe Foods Inc. and other Colorado food brands -- said Monday it has enteredr into an agreement to purchase the soy beverage company Alpro, a Belgium-based segment of food company Vandemoortele NV. TUESDAY, JUNE 16 Denver’s economic performance amid the recession ranks itat No. 39 of the 100 larges t U.S.
cites in new Brooking Institutio n study of theeconomic downturn’s impact on urban The latest Chambers USA guidre to “America’s Leading Lawyers for Business” lists 182 Coloradol attorneys. WEDNESDAY, JUNE 17 A subsidiary of Level 3Communications Inc. reached a 20-year contract with a “major multinational customer” that will generatw at least $140 million in revenue in the first four yeard ofthe contract. A Denver grand jury has returnedean 11-count indictment againsrt local real estate developer Jack D. Arbess. Denvef investor Phil Anschutz has added The Weeklg Standard to his growingmedia portfolio, according to one of Anschutz’e publications.
THURSDAY, JUNE 18
Thursday, November 22, 2012
Local executive to lead GE's $6B health care initiative - Minneapolis / St. Paul Business Journal:
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Barber was named head of a GE program focused on improving health care for more peoplw atreduced cost, by GE chairman and CEO Jeffrey Immelt. 48, is a 27-year veteranh of GE and since 2005 has served as chieg technology officer for GE He joined GE in 1982 and has held a variety of rolees of increasing responsibility withinGE Healthcare. In 2001, Barber was general managerf forComponents Engineering, and from 2002 to 2005 he was the generakl manager for Global Components Operationsa for GE Healthcare, which has significant operations in Milwaukee, Wauwatosaw and Waukesha.
Barber was a 1994 winnere of TheBusiness Journal's Forty Under 40 which recognizes young Milwaukee-area executives makingb a difference in their professions and "Over the last four Mike has led all aspects of product development for advancedd health care technologies," Immelt said. "Miked knows how our technology canhelp patients, he knows what clinics and hospitals need to improver care and cut costs and he knows how to lead With his deep experience in engineering and technology and his strongy operations and process-driven expertise, Mike is the righr leader to lead healthymagination and to grow our health care partnershipsw globally.
" that can be offerexd in rural and underservede regions of the world, wherer quality health care can be difficulgt to obtain. It is also designed to reduce the company' s own health care costs for employees and expaned profitability for the GEHealthcare business. Locally, GE Healthcare, whicy produces medical imaging equipment and medicall information technology products fromits Milwaukee-are a operations, will spend $3 billion by 2015 to develop at least 100 new products designed to lower costs, improvee access and improve quality of care by 15
Barber was named head of a GE program focused on improving health care for more peoplw atreduced cost, by GE chairman and CEO Jeffrey Immelt. 48, is a 27-year veteranh of GE and since 2005 has served as chieg technology officer for GE He joined GE in 1982 and has held a variety of rolees of increasing responsibility withinGE Healthcare. In 2001, Barber was general managerf forComponents Engineering, and from 2002 to 2005 he was the generakl manager for Global Components Operationsa for GE Healthcare, which has significant operations in Milwaukee, Wauwatosaw and Waukesha.
Barber was a 1994 winnere of TheBusiness Journal's Forty Under 40 which recognizes young Milwaukee-area executives makingb a difference in their professions and "Over the last four Mike has led all aspects of product development for advancedd health care technologies," Immelt said. "Miked knows how our technology canhelp patients, he knows what clinics and hospitals need to improver care and cut costs and he knows how to lead With his deep experience in engineering and technology and his strongy operations and process-driven expertise, Mike is the righr leader to lead healthymagination and to grow our health care partnershipsw globally.
" that can be offerexd in rural and underservede regions of the world, wherer quality health care can be difficulgt to obtain. It is also designed to reduce the company' s own health care costs for employees and expaned profitability for the GEHealthcare business. Locally, GE Healthcare, whicy produces medical imaging equipment and medicall information technology products fromits Milwaukee-are a operations, will spend $3 billion by 2015 to develop at least 100 new products designed to lower costs, improvee access and improve quality of care by 15
Wednesday, November 21, 2012
Greylock moving HQ to Silicon Valley - Boston Business Journal:
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to its offices in Silicon The move comes on the heels ofthe firm’ prolonged expansion on the West Coast as well as a span that saw considerable personnelp changes at the local operation. The firm has leasec new space on Sand Hill Road inMenlo Calif., to accommodate the move. Greylock will move much of its administrativreand back-office operations to the new space. Don Sullivan, who overseesd the firm’s finances and operations, will move from Waltham as well.
“Silicon Valley is a hotbed of entrepreneuriak activityin Greylock’s two key areas of focus: enterpriss software and systems and consume r Internet,” says David Sze, a Greylock partner, in a prepared writtem statement. The firm will maintain a presencedin Massachusetts, although the extent of those operations are unclear. Greylock, long considered one of the premier venturre firms on theEast Coast, has been the targert of numerous talent raids in recent years, both by established and startup venture operations. Founderd in 1965, the firm has roughlgy $2 billion in capitakl under management, according to its Web site.
to its offices in Silicon The move comes on the heels ofthe firm’ prolonged expansion on the West Coast as well as a span that saw considerable personnelp changes at the local operation. The firm has leasec new space on Sand Hill Road inMenlo Calif., to accommodate the move. Greylock will move much of its administrativreand back-office operations to the new space. Don Sullivan, who overseesd the firm’s finances and operations, will move from Waltham as well.
“Silicon Valley is a hotbed of entrepreneuriak activityin Greylock’s two key areas of focus: enterpriss software and systems and consume r Internet,” says David Sze, a Greylock partner, in a prepared writtem statement. The firm will maintain a presencedin Massachusetts, although the extent of those operations are unclear. Greylock, long considered one of the premier venturre firms on theEast Coast, has been the targert of numerous talent raids in recent years, both by established and startup venture operations. Founderd in 1965, the firm has roughlgy $2 billion in capitakl under management, according to its Web site.
Monday, November 19, 2012
Transocean Appoints Interim SVP, General Counsel - Compliance Week
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Transocean Appoints Interim SVP, General Counsel Compliance Week As Compliance Week previously reported, Transocean's former senior vice president, general counsel and assistant corporate secretary, Nick Deeming, announced last month that he was resigning for personal reasons, less than one year after joining the ... |
Friday, November 16, 2012
Mass. seeks bids for $157M in energy stimulus - Washington Business Journal:
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The agency is preparing a comprehensive application on behalf of municipao and private entities to send to the to receivw its share of Energy Efficiency and Conservation Block Grant some $157 million. The DOER is solicitingh projectsfor submission, and estimates about 72 projects will receive Projects must be “shovel ready,” or ready to beginh within 120 days of receiving stimulusz money. They also must work towardsz energy efficiency, alternative energy or greenhouse gas emissio nreduction standards. Some of the projectsa eligible for funding include combinee heat andpower systems, district energyt systems, waste energy recovery or high efficiencgy industrial equipment.
Stimulus dollars will pay for up to 50 percenft ofapproved projects. Proposals must be submitted to the DOER byJune 30. “ encourage businesses, municipalities and others to come forware with proposals for putting this federall funding to work here in said DOER Commissioner Philip Giudice in a preparedwritten “Increasing investment in these innovative energy technologies will move us furthert along the path to a clean energy futur e that Gov. (Deval) Patrick is blazingf for Massachusetts.
”
The agency is preparing a comprehensive application on behalf of municipao and private entities to send to the to receivw its share of Energy Efficiency and Conservation Block Grant some $157 million. The DOER is solicitingh projectsfor submission, and estimates about 72 projects will receive Projects must be “shovel ready,” or ready to beginh within 120 days of receiving stimulusz money. They also must work towardsz energy efficiency, alternative energy or greenhouse gas emissio nreduction standards. Some of the projectsa eligible for funding include combinee heat andpower systems, district energyt systems, waste energy recovery or high efficiencgy industrial equipment.
Stimulus dollars will pay for up to 50 percenft ofapproved projects. Proposals must be submitted to the DOER byJune 30. “ encourage businesses, municipalities and others to come forware with proposals for putting this federall funding to work here in said DOER Commissioner Philip Giudice in a preparedwritten “Increasing investment in these innovative energy technologies will move us furthert along the path to a clean energy futur e that Gov. (Deval) Patrick is blazingf for Massachusetts.
”
Thursday, November 15, 2012
8 Winning Strategies From The Top Entrepreneurs in America - Forbes
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Forbes | 8 Winning Strategies From The Top Entrepreneurs in America Forbes Smart, strategic growth and expansion. Ernst & Young discovered; “The majority of the entrepreneurs indicate they are continuing to expand their businesses in both domestic and developed global markets. And many, especially those with revenues greater ... |
Wednesday, November 14, 2012
St. David
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The foundation identified mental health as a key focuzs areain 2006. Since then, more than $7 millionj has been invested to support mental health and behaviorakl services inCentral Texas. “Overr the past four we have awarded mental healtbh grants inour community...and we are starting to see significant results,” said foundation CEO Earl As part of its effort to improve mental health services, the foundation commissioned Toni Watt, a sociologist at Texass State University, to conduc t a three-year study of two integrated behavioral healtg programs, one at People’s Communith Clinic and one at Lone Star Circle of Care.
“Th report concludes there has been a reduction in depressionm scores inboth programs,” a release And “a reduction in emergenchy room use by patient enrolled in one of the and cost-savings to one of the clinicas as soon as one year after In addition to mental healthu grants, the foundation is doling out $200,250 in community grants to three area nonprofite that provide healthy living services. The foundation awards grants twicseeach year. Its mental health and healthy living grant s are announced in and its physical health and services for older adults grants are announcedin December.
The foundation identified mental health as a key focuzs areain 2006. Since then, more than $7 millionj has been invested to support mental health and behaviorakl services inCentral Texas. “Overr the past four we have awarded mental healtbh grants inour community...and we are starting to see significant results,” said foundation CEO Earl As part of its effort to improve mental health services, the foundation commissioned Toni Watt, a sociologist at Texass State University, to conduc t a three-year study of two integrated behavioral healtg programs, one at People’s Communith Clinic and one at Lone Star Circle of Care.
“Th report concludes there has been a reduction in depressionm scores inboth programs,” a release And “a reduction in emergenchy room use by patient enrolled in one of the and cost-savings to one of the clinicas as soon as one year after In addition to mental healthu grants, the foundation is doling out $200,250 in community grants to three area nonprofite that provide healthy living services. The foundation awards grants twicseeach year. Its mental health and healthy living grant s are announced in and its physical health and services for older adults grants are announcedin December.
Monday, November 12, 2012
Quarles & Brady forms practice group to handle sustainability law - The Business Journal of Milwaukee:
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The group will use more than 50 attorneya crossing over fromvarious fields, including environmental, real estate and tax, as they relater to the new practice subgroup. “Wre pride ourselves and our law firm on being ahea ofthe curve,” said Roger co-chair of the Milwaukee-basef law firm’s industry group. “We look at where we are goinb to be inthe future.” That future is a more sustainablse one where law is concerned, Ferland There are numerous issues involving green from intellectual property to potential environmentao hurdles on the state and federal that have to be addressedd in terms of theirt deployment.
In addition, companies are dealing with entirely new ways offinancinfg projects, including clean renewable energy bonds, which can help companies find moneyt in a difficult economy, Ferland said. Because it is increasinglyu complex and deals with different state and federal the practice area can result in numerous even for thesmallest projects. When people clamo r for a solarpower plant, it’s not as easy as findint a site and building it, Ferland said. The firm will draw from its officewin Wisconsin, Phoenix and Chicago for the new practicwe group. John Daniels, chairman of Quarles, said the move was necessar y to keep pacewith clients’ changing needs.
“Environmental sustainabilitg has become one of the most influentiapl and defining forces for our he said.
The group will use more than 50 attorneya crossing over fromvarious fields, including environmental, real estate and tax, as they relater to the new practice subgroup. “Wre pride ourselves and our law firm on being ahea ofthe curve,” said Roger co-chair of the Milwaukee-basef law firm’s industry group. “We look at where we are goinb to be inthe future.” That future is a more sustainablse one where law is concerned, Ferland There are numerous issues involving green from intellectual property to potential environmentao hurdles on the state and federal that have to be addressedd in terms of theirt deployment.
In addition, companies are dealing with entirely new ways offinancinfg projects, including clean renewable energy bonds, which can help companies find moneyt in a difficult economy, Ferland said. Because it is increasinglyu complex and deals with different state and federal the practice area can result in numerous even for thesmallest projects. When people clamo r for a solarpower plant, it’s not as easy as findint a site and building it, Ferland said. The firm will draw from its officewin Wisconsin, Phoenix and Chicago for the new practicwe group. John Daniels, chairman of Quarles, said the move was necessar y to keep pacewith clients’ changing needs.
“Environmental sustainabilitg has become one of the most influentiapl and defining forces for our he said.
Sunday, November 11, 2012
Manassero wins Singapore Open in playoff - USA TODAY
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The Nation | Manassero wins Singapore Open in playoff USA TODAY Manassero wins Singapore Open in playoff. Share. Comments. 2012-11-11 manassero wins. Matteo Manassero of Italy celebrates after winning the Singapore Open, topping Louis Oosthuizen of South Africa on the third hole of a playoff. (Photo: Wong Maye-E ... Bjorn Leads Singapore Open by One Stroke Manassero wins Singapore Open play-off McIlroy makes charge in Singapore |
Saturday, November 10, 2012
JCP heads to NYC with Manhattan store - Dallas Business Journal:
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The Plano-based affordable retailer saidthe 153,000-square-foo t store will be located at 33rd Street and Sixth Avenur in the heart of New York It is scheduled to open on July 31. Penney’es (NYSE: JCP) maintained its corporatee office in Manhattan from 1914 to 1988 before movinb to theDallas area. The retailer also has New York City storedin Queens, the Bronx and Staten Island. The two-leveo store in the renovated Manhattan Mall is accessibl e from street level as well as from two busy publicx transportationterminals — the 34th Street-Herald Square subwayy station and the 33rd Street PATH train The store is one block from Penn The store will employ 500 people and be one of the retailer’ s largest, the company said.
Penney’s said the store also will be geareds toward commuters ina hurry. It includes nearluy 100 registers and an electronic queuing system that directsx customers to available registers and informzs them of their estimated wait The Manhattan store will debut two new exclusivebrandsa — home brand Cindy Crawforf Style and menswear brand JOE Josephb Abboud two months before they arrivwe in other stores, Penney's said in a news The store is amon g five opening at the end of the month. Otherx will open in Fairview, Texas; Hiram, Ga.; Lee’x Summit, Mo.; and Pleasang Prairie, Wis.
The Plano-based affordable retailer saidthe 153,000-square-foo t store will be located at 33rd Street and Sixth Avenur in the heart of New York It is scheduled to open on July 31. Penney’es (NYSE: JCP) maintained its corporatee office in Manhattan from 1914 to 1988 before movinb to theDallas area. The retailer also has New York City storedin Queens, the Bronx and Staten Island. The two-leveo store in the renovated Manhattan Mall is accessibl e from street level as well as from two busy publicx transportationterminals — the 34th Street-Herald Square subwayy station and the 33rd Street PATH train The store is one block from Penn The store will employ 500 people and be one of the retailer’ s largest, the company said.
Penney’s said the store also will be geareds toward commuters ina hurry. It includes nearluy 100 registers and an electronic queuing system that directsx customers to available registers and informzs them of their estimated wait The Manhattan store will debut two new exclusivebrandsa — home brand Cindy Crawforf Style and menswear brand JOE Josephb Abboud two months before they arrivwe in other stores, Penney's said in a news The store is amon g five opening at the end of the month. Otherx will open in Fairview, Texas; Hiram, Ga.; Lee’x Summit, Mo.; and Pleasang Prairie, Wis.
Thursday, November 8, 2012
Bank of Granite awaits word on bid for $30M from U.S. - The Business Journal of the Greater Triad Area:
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It also hasn’t decided whether it woulr takethe money. “We have applier for it,” says Scoty Anderson, Bank of Granite’e chief executive. “We have no reasob to believe we won’t get it. We’re just kind of watchinb and waiting.” The deadline for publicly traded banks to submitt applications for capital under the Troubled Assets Relief Programwas Nov. 14. Since several regional banks in North Carolina have announced they have been approved for TARPcapitakl infusions. , , and Gastonia-based have said they will take amountd rangingfrom $20.5 million to $65 million by selliny preferred shares to the Treasury.
Under the banks are allowed to receiv e an amount of upto 3% of their risk-weighte assets. The Treasury Department has stressesd the program is designed forhealthty institutions, and UNC Charlotte professo Tony Plath says approval has become the “ Good Housekeepinf seal of approval for “It’s critical,” he “It tells you that the Treasury believes you have a business modelp that can last through the But if you don’tr get TARP money, essentially what they’rew telling you is preparde the bank for a sale.” Bank of Granite has facee several problems during the past year or so.
Thoses include issues with its loan underwriting and risk assessment that resulteed in a delay inlast year’s third-quarter earnings report. Through the first nine months of the companylost $1.9 million. That was an improvementy from the $17.2 million loss it had racke up through the same period ayear (Bank of Granite finished 2007 with a full-yeare loss of $15.3 million.) In the third quarter of the company lost $271,000, down from the $3.4 milliob loss it reported in the second Anderson was named CEO a year ago. He has worked to repairf the bank’s internal controls whilr managing surging loan losses tied to its core footprintg inCatawba County.
In the thirfd quarter, the bank’s nonperforming loans, or those close to grew to $51.6 million, or 5.42% of total loans. That’s up from $40 or 4.18% of totalp loans, in the secondf quarter, and $27.7 million, or 3%, a year earlier. Andersonj notes the bank remainz well-capitalized, under regulatory guidelines. “Ayt the same time, it would be nice to have that he says of aTARP infusion. “It would definitely buoy our capitakl so that we could grow the He saysthe company’s boare has not decided whether to take the Treasury’s capital if the bank is approved for the TARP funds.
He notezs that accepting the infusion will diluter the value ofexisting shareholders’ stock. And he says the boarf also will have to weigh the expensd of thegovernment capital; the preferred shares carrgy a 5% annual dividend for the firsgt five years. The Treasury Department isn’tf publicizing its denial of TARP money to institutions rejectexd forthe program. As of Nov. 21, none of the primary bankiny regulators had recommended denying the government funds for any according to a report on the TARP initiatived prepared last month by the GovernmentAccountability Office.
But officialws told the GAO that institutions couldf withdraw their applications at any point in the processs if it was unlikel y their applications would be And some institutions had donejust that. QUICK Regionapl banks approved fora preferred-stockm investment from the U.S. Treasuryg include: • First Bancorp: • NewBridge • Yadkin Valley Financial Corp.:
It also hasn’t decided whether it woulr takethe money. “We have applier for it,” says Scoty Anderson, Bank of Granite’e chief executive. “We have no reasob to believe we won’t get it. We’re just kind of watchinb and waiting.” The deadline for publicly traded banks to submitt applications for capital under the Troubled Assets Relief Programwas Nov. 14. Since several regional banks in North Carolina have announced they have been approved for TARPcapitakl infusions. , , and Gastonia-based have said they will take amountd rangingfrom $20.5 million to $65 million by selliny preferred shares to the Treasury.
Under the banks are allowed to receiv e an amount of upto 3% of their risk-weighte assets. The Treasury Department has stressesd the program is designed forhealthty institutions, and UNC Charlotte professo Tony Plath says approval has become the “ Good Housekeepinf seal of approval for “It’s critical,” he “It tells you that the Treasury believes you have a business modelp that can last through the But if you don’tr get TARP money, essentially what they’rew telling you is preparde the bank for a sale.” Bank of Granite has facee several problems during the past year or so.
Thoses include issues with its loan underwriting and risk assessment that resulteed in a delay inlast year’s third-quarter earnings report. Through the first nine months of the companylost $1.9 million. That was an improvementy from the $17.2 million loss it had racke up through the same period ayear (Bank of Granite finished 2007 with a full-yeare loss of $15.3 million.) In the third quarter of the company lost $271,000, down from the $3.4 milliob loss it reported in the second Anderson was named CEO a year ago. He has worked to repairf the bank’s internal controls whilr managing surging loan losses tied to its core footprintg inCatawba County.
In the thirfd quarter, the bank’s nonperforming loans, or those close to grew to $51.6 million, or 5.42% of total loans. That’s up from $40 or 4.18% of totalp loans, in the secondf quarter, and $27.7 million, or 3%, a year earlier. Andersonj notes the bank remainz well-capitalized, under regulatory guidelines. “Ayt the same time, it would be nice to have that he says of aTARP infusion. “It would definitely buoy our capitakl so that we could grow the He saysthe company’s boare has not decided whether to take the Treasury’s capital if the bank is approved for the TARP funds.
He notezs that accepting the infusion will diluter the value ofexisting shareholders’ stock. And he says the boarf also will have to weigh the expensd of thegovernment capital; the preferred shares carrgy a 5% annual dividend for the firsgt five years. The Treasury Department isn’tf publicizing its denial of TARP money to institutions rejectexd forthe program. As of Nov. 21, none of the primary bankiny regulators had recommended denying the government funds for any according to a report on the TARP initiatived prepared last month by the GovernmentAccountability Office.
But officialws told the GAO that institutions couldf withdraw their applications at any point in the processs if it was unlikel y their applications would be And some institutions had donejust that. QUICK Regionapl banks approved fora preferred-stockm investment from the U.S. Treasuryg include: • First Bancorp: • NewBridge • Yadkin Valley Financial Corp.:
Wednesday, November 7, 2012
Bears' Knox to miss entire season with back injury - Yahoo! Sports
azajir.wordpress.com
Bears' Knox to miss entire season with back injury Yahoo! Sports LAKE FOREST, Ill. (AP) -- Chicago Bears receiver Johnny Knox remains on the physically unable to perform list and will miss the entire season because of a back injury. He had a deadline Tuesday to return to practice from the list. That didn't happen. |
Monday, November 5, 2012
Renovation pros team up for Moffett site - San Francisco Business Times:
lehoquvuhu.wordpress.com
A Carnegie agreement with the allows the Pittsburgh university to leaswe for 15years (with an optionn for 48 years) building s 23 and 24 in the 70-year-old Shenandoah Plazz property, a six-building quadrangle listexd on the state historic register. The university will use 19,000p square feet to expand its West Coast openedSeptember 2002. The $5 million in renovations must meet Statre Historic PreservationOffice guidelines, and the team is a natural for the job.
ARG'zs portfolio includes work on theGranrd Canyon's Visitor's Center; historic preservation desigm guidelines for 200 historic office buildings in Los restoration work on the Conservatory of Flowerz at Golden Gate Park; and award-winning design work on the Filolio Visitor Center in Woodside, a National Trust property. Turner'sz portfolio includes projects atStanford University, NASA the San Jose Tech and the new San Jose Civif Center.
The team shoulfd complete the Shenandoah Plaza renovationsthis "We needed two outstanding qualities for this projecty — experience with the adaptivw reuse of historic from a design and constructioj standpoint, and we needed them to be familiarf with working with NASA. Both (Turner and ARG) have had experienced at Moffett Field," says Andy Barnes, CEO of Barnes Co., the San Francisco real estate consultinh firm charged with finding the team forthe job.
A Carnegie agreement with the allows the Pittsburgh university to leaswe for 15years (with an optionn for 48 years) building s 23 and 24 in the 70-year-old Shenandoah Plazz property, a six-building quadrangle listexd on the state historic register. The university will use 19,000p square feet to expand its West Coast openedSeptember 2002. The $5 million in renovations must meet Statre Historic PreservationOffice guidelines, and the team is a natural for the job.
ARG'zs portfolio includes work on theGranrd Canyon's Visitor's Center; historic preservation desigm guidelines for 200 historic office buildings in Los restoration work on the Conservatory of Flowerz at Golden Gate Park; and award-winning design work on the Filolio Visitor Center in Woodside, a National Trust property. Turner'sz portfolio includes projects atStanford University, NASA the San Jose Tech and the new San Jose Civif Center.
The team shoulfd complete the Shenandoah Plaza renovationsthis "We needed two outstanding qualities for this projecty — experience with the adaptivw reuse of historic from a design and constructioj standpoint, and we needed them to be familiarf with working with NASA. Both (Turner and ARG) have had experienced at Moffett Field," says Andy Barnes, CEO of Barnes Co., the San Francisco real estate consultinh firm charged with finding the team forthe job.
Sunday, November 4, 2012
Feds Sue Senor Frog's for Hawaii Sexual Harassment - ABC News
humojo.wordpress.com
San Francisco Chronicle | Feds Sue Senor Frog's for Hawaii Sexual Harassment ABC News The U.S. Equal Employment Opportunity Commission is suing the Senor Frog's bar and restaurant chain, saying its CEO, other high level executives and managers sexu » |
Saturday, November 3, 2012
Landlord keeps deposit without making repairs - Chicago Tribune
ikefageze.blogspot.com
Chicago Tribune | Landlord keeps deposit without making repairs Chicago Tribune Q: Is it against the law if a landlord keeps a renter's security deposit and then never fixes the "damage" the landlord claimed the renter made? Our former landlord presented a list of damage that justified his keeping our security deposit, and then ... Letters: Th e Renter's Rant |
Thursday, November 1, 2012
Mark Phelan: 2013 Chevy Malibu LTZ boasts capable chassis, advanced features - Detroit Free Press
humojo.wordpress.com
Mark Phelan: 2013 Chevy Malibu LTZ boasts capable chassis, advanced features Detroit Free Press Forget the Snake. I don't care what your menu said at the Chinese restaurant: 2013 is the Year of the Midsize Sedan, thanks to four strong new players in the popular segment. A * * * 2013 Chevrolet Malibu LTZ with the 2.5-liter base engine is the ... |
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