authors-morphology.blogspot.com
The firm confirmed Friday that its local officr is relocating to the newlyh built 1515 Wynkoop office buildingt on Wynkoop Street in LowerDowntown Denver. The Kansas City-based firm’s Denver branch currently is locatedin downtown’s Independence Plaza at 1050 17th St. The firm’sw Denver office has leased roughlyt 38,000 square feet of spacew at itsnew location, with an option to grow. The move is plannerd for September 2009.
“We are pleased to relocat our attorneys and staf f to a part of downtowmn that represents the growth and vitality of enabling the expansion ofour firm’s practice and presencw here,” Steve Long, founder and managing partnere of Polsinelli Shughart’s Denver office, said in a statemenft Friday. “We are committed to remainingf indowntown Denver, as it allowds us to be immersed in the business and civicv community, and provides our attorneys with a vibrant place to work,” Long The firm said that its new spacw is expected to qualify for LEED (Leadershipl in Energy and Environmentall Design) certification for energy savings and environmentallgy friendly features, based on its use of sustainabld materials and energy-efficient heating, cooling and office LEED is the U.
S. Green Building Council’sw designation for energy-efficient, sustainablre design. Polsinelli Shughart was created in Februaryy by the merger of Kansas City law firmw ShughartThomson & Kilroy PC and Polsinellik Shalton Flanigan Suelthaus PC. The leasesz of several major law firms, either basecd in metro Denver or with local are expiringthis year. While some firms are renewinyg leases where theyalready are, otherw are relocating. LLP, Colorado’s largest law firm, planzs to move its southeast suburban office in Augustf tothe transit-oriented, “green” Villagw Center Station project now under construction. The branch currentlh is located at8390 E.
Crescent Parkwahy in the DenverTech Center. Hollan d & Hart’s headquarters office remains at 555 17th Street in downtown Earlierthis year, LLP relocated to the new 1400 Wewattaq office building in LoDo from One Tabor Meanwhile, LLC recently renewed its 56,000-square-foot leass on the top three floors of One Taborf Center for 11 more years. The law firm was the firs t tenant to commit tothe building, whichy opened in 1985. Denver’s 1515 Wynkoop developed by Houston-based Hines Interests LP, brok e ground in 2007. The eight-story office building with retail spacs was completedthis spring.
Other tenants in the new building, whicbh is pre-certified for LEED Silverd designation, include the Van Gilder Insuranc Corp.’s headquarters.
Wednesday, May 30, 2012
Tuesday, May 29, 2012
Levi's, Gap garment workers on strike - Business Spectator
burdukovahycel.blogspot.com
Levi's, Gap garment workers on strike Business Spectator Workers at a large Cambodian garment factory that makes clothes for Levi's, Gap and other well-known international brands are striking for more pay and better working conditions. More than 5000 workers from the Singaporean-owned SL Garment Processing ... |
Sunday, May 27, 2012
California asks contractors to cut prices up to 15% - San Francisco Business Times:
efiosyt.blogspot.com
“We need your help!” according to a letter faxerd to Riverside-based and posted on the Wall Streert Journal’s web site. “Our goal is to help stater agencies comply with thisrequiremenf (to cut contract-related spending by 15 while continuing to purchase the food commodities they need.” The state providees a worksheet for the businesses to complete on how they’ll achiev that 15 percent cost savings. The state’s food vendors are wastinb no time voicing how littler profit suchcontracts carry. Adam Clingerman, owner of grocert supplier ABC Ventures in San was among those receiving the request for thepricw reduction.
His company, which has had a contract with the statresince 1992, sells frozen pizzas, waffles, pastas and other groceries to the state’s prison system. who says he makes less than 10 percentr on thestate contract, is turniny to his suppliers seeking price cuts, the newspaper reported. Meridian Food’xs owner Rebecca Kitchings said she was surprise to get the letter this week seekingthe cuts. for heaven’s sake,” Kitchings told the Wall Street “It’s a contract. If something happenedx to my company andI ‘I mis-bid that and I need another half a they’d say no way.
”
“We need your help!” according to a letter faxerd to Riverside-based and posted on the Wall Streert Journal’s web site. “Our goal is to help stater agencies comply with thisrequiremenf (to cut contract-related spending by 15 while continuing to purchase the food commodities they need.” The state providees a worksheet for the businesses to complete on how they’ll achiev that 15 percent cost savings. The state’s food vendors are wastinb no time voicing how littler profit suchcontracts carry. Adam Clingerman, owner of grocert supplier ABC Ventures in San was among those receiving the request for thepricw reduction.
His company, which has had a contract with the statresince 1992, sells frozen pizzas, waffles, pastas and other groceries to the state’s prison system. who says he makes less than 10 percentr on thestate contract, is turniny to his suppliers seeking price cuts, the newspaper reported. Meridian Food’xs owner Rebecca Kitchings said she was surprise to get the letter this week seekingthe cuts. for heaven’s sake,” Kitchings told the Wall Street “It’s a contract. If something happenedx to my company andI ‘I mis-bid that and I need another half a they’d say no way.
”
Saturday, May 26, 2012
Drone Lobbying Ramps Up Among Industry Manufacturers, Developers - Huffington Post
judonebolayb1394.blogspot.com
Drone Lobbying Ramps Up Among Industry Manufacturers, Developers Huffington Post WASHINGTON -- It may be years before unmanned aircraft are common in the sky, but lobbyists for the industry that develops and manufactures the drones are already buzzing around Capitol Hill. "This is one of the few areas where the government is still ... |
Thursday, May 24, 2012
Boeing joint venture Sea Launch declares bankruptcy - Puget Sound Business Journal (Seattle):
obofym.wordpress.com
Sea Launch Co. LLC filed for Chapteer 11 in U.S. Bankruptcy Court in Delaware on saying its liabilities werebetween $500 millio and $1 billion, compared to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percent of the which was founded in 1995. The idea of Sea Launcgh was to launch satellites from a converted oil drilling prograjm far outat sea, lowering cost s and allowing the satellitesw to be launched from ideal sites close to the The Boeing workers involvedr in Sea Launch build fairings for rocket s and design flight plans, said Sea Launchg spokeswoman Paula Korn. They are employees of Boeing’sa Integrated Defense Systems division, and work in Wash.
Sea Launch also employs 100 inLong Calif., where it is headquartered. “We had to go into bankruptc y to protect assetswhile reorganizing,” Korn said, adding that the companyg intends to emerge from bankruptcy. Problems that force d the filing included hardware delays and inability tocomplete launches, she said. Boeing spokesmamn Joe Tedino calledit “business as usual” for Pugey Sound area workers whilee Sea Launch works through its “Boeing and the other Sea Launch partners support Sea Launch’sz effort to explore restructuring alternatives througn an orderly bankruptcy court process,” Tedino So far this year, Sea Launch has only launchecd one satellite by sea and two by compared to five from sea in 2008, Korn Other Sea Launch partners include Aker, a Norwegian holding , the Russian rocket buildert that supplies the upper and NPO-Yuzhonoye, a Ukrainian rocket builder that supplies the lowerr stages.
Sea Launch Co. LLC filed for Chapteer 11 in U.S. Bankruptcy Court in Delaware on saying its liabilities werebetween $500 millio and $1 billion, compared to assets of $100 million to $500 Chicago-based (NYSE: BA) owns 40 percent of the which was founded in 1995. The idea of Sea Launcgh was to launch satellites from a converted oil drilling prograjm far outat sea, lowering cost s and allowing the satellitesw to be launched from ideal sites close to the The Boeing workers involvedr in Sea Launch build fairings for rocket s and design flight plans, said Sea Launchg spokeswoman Paula Korn. They are employees of Boeing’sa Integrated Defense Systems division, and work in Wash.
Sea Launch also employs 100 inLong Calif., where it is headquartered. “We had to go into bankruptc y to protect assetswhile reorganizing,” Korn said, adding that the companyg intends to emerge from bankruptcy. Problems that force d the filing included hardware delays and inability tocomplete launches, she said. Boeing spokesmamn Joe Tedino calledit “business as usual” for Pugey Sound area workers whilee Sea Launch works through its “Boeing and the other Sea Launch partners support Sea Launch’sz effort to explore restructuring alternatives througn an orderly bankruptcy court process,” Tedino So far this year, Sea Launch has only launchecd one satellite by sea and two by compared to five from sea in 2008, Korn Other Sea Launch partners include Aker, a Norwegian holding , the Russian rocket buildert that supplies the upper and NPO-Yuzhonoye, a Ukrainian rocket builder that supplies the lowerr stages.
Wednesday, May 23, 2012
Taking control: Nashville lawyer works to turn troubled condo projects into cash - Houston Business Journal:
vuwodu.wordpress.com
So far this year, John Cheadle Jr. has been appointecd receiver of three major luxury condominium 5th & Main in East The Braxton in Ashland City and, most Rolling Mill Hill in downtown Nashville. those projects have more than 300 unitsd and are valued at morethan $135 Turning that value into actual cash is what Cheadle’sz job is all about. It’s importan t to get the right person in charge of a projecrgone bad, says attorney Jamezs Kelley of “They need to be because they’re obviously looking after a rathee substantial asset,” says Kelley, who is representing , the lendere for the Braxton and Rolling Mill Hill in the receivership claims.
Beyond a receiver has to have the flexibility and amicablse personality to deal with all parties involved in a including tenants, creditors and Kelley says. Cheadle’s track recorf of success stretching back more than two decadex is what often makes him the receiver of choice for he says. “He’s a person that everybody has confidenc e will do theright thing,” he says. Nashvill e — like many U.S. marketsw — saw a boom of new condo developmentse inthe mid-2000s, with thousandx of high-end units hitting the market, particularly in the downtowb and Midtown areas.
Earlier projects sold out, but thoswe that have come on line in the past year have had trouble closingsales — even those that were under contract becauswe buyers got cold feet and banksw restricted mortgage lending for condos. “There’sx clearly a lot of that business out says Cheadle, a lawyer who representw creditors in his “day job.” Cheadle now is in controkl of more Nashville condos than anyone except , the partnership between Franklin-based and Jay Turner’s , whicjh developed the Icon and Velocit condos in the Gulch neighborhood. The developers still have about 280 Icon unitzfor sale, and Velocity has delayed opening its 265 units.
The 55-year-olrd Cheadle is modest about his role in charge of the prominenf andtroubled developments. “My job is as an he says. “We hire peoplr to do the heavy lifting.” A receiver is a court-appointed manage r of an asset, who generally steps in aftert a borrower has defaultec on a loan secured bythe asset. For the Rolling Mill Hill developers had morethan $20 million in outstanding development loans, and when they failed to pay the property’s mortgage note (or even its watedr bill) for several months this year, the lenders sued to install Cheadle as receiver.
In the case of real estat e assets, the goals are usuallyy “get through it as quickly as possiblwe and look for a way to liquidatde the asset as successfullgas possible,” Cheadle says. Cheadle graduated from the Law Schooklin 1978, going to work for his family’s law John Cheadle Sr. was a Nashville attorney, alonb with the younger Cheadle’s brother and who all practice togetherat . The elder Cheadlr had been a receiver as well and occasionallg took his son to workwith him.
A receiverr has to anticipate future problems in an oftejunfamiliar field, says John McLemore, a Nashvillee lawyer often named as receiver by the “Even if you don’t know what’s goingy on in the business, you’ve got to learn it, and you’v got to get capable people, and you’vee got to have the authority to hire those people,” McLemore says. Unlike receiverships aren’t well defined by law, so individualo filings lay out what receiversz canand can’t do, McLemore says.
A receiver has to make sure the court givesd him enough power to take care of everythintg needed in thefirst order, to avoid conflictxs and more litigation later, McLemore says. That ranges from the powe r to use rent money to pay the electrixc bill to the authority to sell off parts of an asset and hire orfire
So far this year, John Cheadle Jr. has been appointecd receiver of three major luxury condominium 5th & Main in East The Braxton in Ashland City and, most Rolling Mill Hill in downtown Nashville. those projects have more than 300 unitsd and are valued at morethan $135 Turning that value into actual cash is what Cheadle’sz job is all about. It’s importan t to get the right person in charge of a projecrgone bad, says attorney Jamezs Kelley of “They need to be because they’re obviously looking after a rathee substantial asset,” says Kelley, who is representing , the lendere for the Braxton and Rolling Mill Hill in the receivership claims.
Beyond a receiver has to have the flexibility and amicablse personality to deal with all parties involved in a including tenants, creditors and Kelley says. Cheadle’s track recorf of success stretching back more than two decadex is what often makes him the receiver of choice for he says. “He’s a person that everybody has confidenc e will do theright thing,” he says. Nashvill e — like many U.S. marketsw — saw a boom of new condo developmentse inthe mid-2000s, with thousandx of high-end units hitting the market, particularly in the downtowb and Midtown areas.
Earlier projects sold out, but thoswe that have come on line in the past year have had trouble closingsales — even those that were under contract becauswe buyers got cold feet and banksw restricted mortgage lending for condos. “There’sx clearly a lot of that business out says Cheadle, a lawyer who representw creditors in his “day job.” Cheadle now is in controkl of more Nashville condos than anyone except , the partnership between Franklin-based and Jay Turner’s , whicjh developed the Icon and Velocit condos in the Gulch neighborhood. The developers still have about 280 Icon unitzfor sale, and Velocity has delayed opening its 265 units.
The 55-year-olrd Cheadle is modest about his role in charge of the prominenf andtroubled developments. “My job is as an he says. “We hire peoplr to do the heavy lifting.” A receiver is a court-appointed manage r of an asset, who generally steps in aftert a borrower has defaultec on a loan secured bythe asset. For the Rolling Mill Hill developers had morethan $20 million in outstanding development loans, and when they failed to pay the property’s mortgage note (or even its watedr bill) for several months this year, the lenders sued to install Cheadle as receiver.
In the case of real estat e assets, the goals are usuallyy “get through it as quickly as possiblwe and look for a way to liquidatde the asset as successfullgas possible,” Cheadle says. Cheadle graduated from the Law Schooklin 1978, going to work for his family’s law John Cheadle Sr. was a Nashville attorney, alonb with the younger Cheadle’s brother and who all practice togetherat . The elder Cheadlr had been a receiver as well and occasionallg took his son to workwith him.
A receiverr has to anticipate future problems in an oftejunfamiliar field, says John McLemore, a Nashvillee lawyer often named as receiver by the “Even if you don’t know what’s goingy on in the business, you’ve got to learn it, and you’v got to get capable people, and you’vee got to have the authority to hire those people,” McLemore says. Unlike receiverships aren’t well defined by law, so individualo filings lay out what receiversz canand can’t do, McLemore says.
A receiver has to make sure the court givesd him enough power to take care of everythintg needed in thefirst order, to avoid conflictxs and more litigation later, McLemore says. That ranges from the powe r to use rent money to pay the electrixc bill to the authority to sell off parts of an asset and hire orfire
Monday, May 21, 2012
Indictments in alleged looting of ancient Four Corners burial sites - Silicon Valley / San Jose Business Journal:
ibitasony.wordpress.com
The on Wednesday releasee details of 12 indictments related to 23 Law enforcement officials have started arresting thoser named inthe indictments, most of whom live in according to the Interiot Department. The indictments were handed down by a Salt Lake Citygrandc jury. Roughly 250 artifacts estimated to be worth morethan $335,000p allegedly were stolen by the ring, according to the Interior Department. The artifacts include Anasazi created by Native Americanscenturies ago, as well as ceremonial maska and a buffalo headdress.
An undercover investigatiobn intothe ring’s activities has been goingf on for two years, and included agentsz from the Interior Department’s and FBI as well as U.S. marshals. “Let this case servd notice to anyone who is considerinyg breaking these laws and tramplingour nation’a cultural heritage that the BLM, the Department of Justice and the [res of] the federal governmen t will track you down and bring you to justice,” Interiod Secretary Ken Salazar said in a statement. The federal Archaeological Resourcess Protection Act makes it illegap to excavate archaeological siteswithout authorization, and take artifacts from federak land for sale or exchange.
Once the tribal affiliations havebeen identified, they will be returned to thos tribes, as required by the Native Americann Graves Protection and Repatriation Act. Items not covered by the tribal repatriation law will be made available for scientific researcy andpublic education. The Four Corners regionm includes partsof Colorado, Utah, New Mexick and Arizona, and occupies Natived American land. Colorado’s corner is part of this state’s Ute Mountaibn Ute reservation, and the other states’ cornerd are part of the Navajio Nation. Indicted defendants were to appear beforea U.S. magistratse in Moab, Utah, on Wednesday.
The on Wednesday releasee details of 12 indictments related to 23 Law enforcement officials have started arresting thoser named inthe indictments, most of whom live in according to the Interiot Department. The indictments were handed down by a Salt Lake Citygrandc jury. Roughly 250 artifacts estimated to be worth morethan $335,000p allegedly were stolen by the ring, according to the Interior Department. The artifacts include Anasazi created by Native Americanscenturies ago, as well as ceremonial maska and a buffalo headdress.
An undercover investigatiobn intothe ring’s activities has been goingf on for two years, and included agentsz from the Interior Department’s and FBI as well as U.S. marshals. “Let this case servd notice to anyone who is considerinyg breaking these laws and tramplingour nation’a cultural heritage that the BLM, the Department of Justice and the [res of] the federal governmen t will track you down and bring you to justice,” Interiod Secretary Ken Salazar said in a statement. The federal Archaeological Resourcess Protection Act makes it illegap to excavate archaeological siteswithout authorization, and take artifacts from federak land for sale or exchange.
Once the tribal affiliations havebeen identified, they will be returned to thos tribes, as required by the Native Americann Graves Protection and Repatriation Act. Items not covered by the tribal repatriation law will be made available for scientific researcy andpublic education. The Four Corners regionm includes partsof Colorado, Utah, New Mexick and Arizona, and occupies Natived American land. Colorado’s corner is part of this state’s Ute Mountaibn Ute reservation, and the other states’ cornerd are part of the Navajio Nation. Indicted defendants were to appear beforea U.S. magistratse in Moab, Utah, on Wednesday.
Sunday, May 20, 2012
Take stock in sales process to avoid getting burned - South Florida Business Journal:
eragywaqer.wordpress.com
He spent three months working onthe sale, and if he got it he wouldd make quota, get his bonus and finally be able to take his Michelle, on that trip to Europe he had promisedf her for years. Charlie had no reason to doubr the salewas his. The experienced salesman for ABC knew Greg, the customer’s purchasing agent, for most of a The two often spent long afternoons on the back nine, playin golf and sharing stories about their families. Both had two kids graduatingb fromhigh school. When they met last Thursda y for drinks, Greg did everything but promise Charlise that the order was inthe bag.
But when Charlier heard the toneof Greg’x voice on the line, he knew something was terriblh wrong. “Charlie, I did everything I could and untip about four days ago I was sure that my recommendation to give you the order was a explainedGreg sheepishly. “But the CFO and the executived vice president of marketing intervened and decides that the sale shoulr go toXYZ Corp. Your price was but the sales repat XYZ, Tom Robinson, showesd us how his approach would increase our cash flow and revenude growth. Tom also had some good ideas that our executiver vice president of marketing said would help us to differentiatdeour brand. I’m reallyg disappointed.
In fact, I need to do a realityh checkon myself: I can’t help but wonder if I’m losing credibility in the eyes of the Greg confessed. Charlie had seen Tom Robinson more than once atthe customer’s office talking with people Charlie had never met. “Wse had the cutting-edge technology, the lower price and bettert cost savingsfor Greg’s Charlie thought to himself. “I was sure we would win. But Tom somehow beat me to the punch.
” Charlie felt deeplu disappointed, but for the first time, he also felt His wife told him that the phoned call seemed to age him five For the past12 months, Charlie has been on the receiving end of four similatr calls — all from those whom he had known and trustecd the longest. Suddenly, fear struco him to his marrow. He doubtedx himself in a way thathe hadn’ t for a very long “Have I lost my touch?” he He knew he had just lost his quota, his bonus and that trip to but he didn’t know whether he wouldr still have his job this time next year.
Nobody bats a but when you keep losinygsales despite having great products and it’s time to take a step back. You have to reconsider what you’rew trying to accomplish and how you’re goingv about doing it. In fact, it might be time to reinventt the wayyou sell. Consider that the traditionalk salesprocess hasn’t changed much for more than a hundresd years. Its roots are in a time when suppliesd were tight and suppliers held the Orders were booked months in advancreand customers, anxious for a steaduy supply of material and lacking information abou availability, had little room to negotiate Salespeople were basically order takers, but that now is the exceptiob and not the rule.
As the number of supplierws has increased, salespeople have evolved from ordef takersto ambassadors, plyingy their social skills to learn what a customer needs and using theit product knowledge to present products and services to match those This is a great time to take stoco of your sales process to avoid walkin g in Charlie’s shoes.
He spent three months working onthe sale, and if he got it he wouldd make quota, get his bonus and finally be able to take his Michelle, on that trip to Europe he had promisedf her for years. Charlie had no reason to doubr the salewas his. The experienced salesman for ABC knew Greg, the customer’s purchasing agent, for most of a The two often spent long afternoons on the back nine, playin golf and sharing stories about their families. Both had two kids graduatingb fromhigh school. When they met last Thursda y for drinks, Greg did everything but promise Charlise that the order was inthe bag.
But when Charlier heard the toneof Greg’x voice on the line, he knew something was terriblh wrong. “Charlie, I did everything I could and untip about four days ago I was sure that my recommendation to give you the order was a explainedGreg sheepishly. “But the CFO and the executived vice president of marketing intervened and decides that the sale shoulr go toXYZ Corp. Your price was but the sales repat XYZ, Tom Robinson, showesd us how his approach would increase our cash flow and revenude growth. Tom also had some good ideas that our executiver vice president of marketing said would help us to differentiatdeour brand. I’m reallyg disappointed.
In fact, I need to do a realityh checkon myself: I can’t help but wonder if I’m losing credibility in the eyes of the Greg confessed. Charlie had seen Tom Robinson more than once atthe customer’s office talking with people Charlie had never met. “Wse had the cutting-edge technology, the lower price and bettert cost savingsfor Greg’s Charlie thought to himself. “I was sure we would win. But Tom somehow beat me to the punch.
” Charlie felt deeplu disappointed, but for the first time, he also felt His wife told him that the phoned call seemed to age him five For the past12 months, Charlie has been on the receiving end of four similatr calls — all from those whom he had known and trustecd the longest. Suddenly, fear struco him to his marrow. He doubtedx himself in a way thathe hadn’ t for a very long “Have I lost my touch?” he He knew he had just lost his quota, his bonus and that trip to but he didn’t know whether he wouldr still have his job this time next year.
Nobody bats a but when you keep losinygsales despite having great products and it’s time to take a step back. You have to reconsider what you’rew trying to accomplish and how you’re goingv about doing it. In fact, it might be time to reinventt the wayyou sell. Consider that the traditionalk salesprocess hasn’t changed much for more than a hundresd years. Its roots are in a time when suppliesd were tight and suppliers held the Orders were booked months in advancreand customers, anxious for a steaduy supply of material and lacking information abou availability, had little room to negotiate Salespeople were basically order takers, but that now is the exceptiob and not the rule.
As the number of supplierws has increased, salespeople have evolved from ordef takersto ambassadors, plyingy their social skills to learn what a customer needs and using theit product knowledge to present products and services to match those This is a great time to take stoco of your sales process to avoid walkin g in Charlie’s shoes.
Friday, May 18, 2012
Carolyn Hax | Selfish boyfriend hides behind his adult offspring - Kansas City Star
vypybiza.wordpress.com
Columbus Dispatch | Carolyn Hax | Selfish boyfriend hides behind his adult offspring Kansas City Star By Carolyn Hax Q.Dear Carolyn: I am in a committed relationship with a divorced man who is the father of two young adults, 22 and 24. My boyfriend was separated six years ago and has been divorced for three. I did not even know him during this time. I'm excluded from seeing my boyfriend's children |
Thursday, May 17, 2012
Morton track quintet charges to state - Morton Times-News
fixyruw.wordpress.com
Morton track quintet charges to state Morton Times-News By Bryan Veginski Four Morton High School athletes qualified for the Illinois High School Association girls track and field state final in multiple events. A fifth Potter also is going to the state's premier meet after a banner day for the program at ... |
Tuesday, May 15, 2012
Limo service driven by teen CEO
elzeyfirekuut1795.blogspot.com
It was founded by a 15-year-old. “(In the) long term, we want to go nationwide,” said CEO Billy Jinks, now age 19. Jinks attributes the company’s success to careful attention to thelittlr things. Lexani makes sure every car arrives withthe client’e favorite newspaper or magazine, as well as appropriate The company’s slogan is “Perfection has Lexani relies mostly on the support of customere who refer their friends, he said. “We’ve builgt a strong network of clients,” Jinks “Most of it’s just word of mouth.
” That built on a company spirit that encourages the bestpossibles service, has allowed Lexani to take marketr share from other companies, Jinks said. The company has a diverss fleetof vehicles, from sedans to buses, and all are less than a year old, he Lexani works with a number of clientxs in various sectors, offering high-end to regular transportation. That diversitg of service insulates the compan from tougheconomic conditions, Jinksd said. “Instead of just doing a corporate market or aretail market, we do a little bit of he said. He has been interested in the limo businesds since he wasabout 5, when he started accompanyinyg his father on business tripzs to New York.
He learned about the industry from a familyh friend who owned atransportation company, and he got in-deptnh knowledge from industry trade shows and other He formed Lexani in 2004 and turned a first-yead profit of more than $73,000. According to a 2006 stud y by the U.S. Census Bureau, only 5 percent to 10 percenr of new businesses survive their first fiveyears — and only abour 2 percent of small businesses nationwides are owned by someone undetr age 25. Jinks said his age hasn’y been a factor in doinfg business. “Some people seemed standoffishyat first,” he said, but the quality of service was enougu to quell any skepticism.
Rob Miller, presiden of , said he’s very impressed by Lexani’s quality of service, as well as work ethic and business sense. “We want to do businesx with the best doctors and the best CPAs and the besttransportatio company,” Miller said. “As far as I’m (Lexani is) the best around.” Miller said Jinks has a keen businesss sense, and it showas in Lexani’s reliable transportation service. When Jinks was 17, he once picked up Miller personally to make sure he was on time for an earluymorning flight. His scheduled ride had technicaol problemsthat day, Millere said. “I think that just demonstrates Lexani’s ...
willingnesse to go the extrz mile,” he said. “Billy has certainly shown the business acumem of someone far olderand
It was founded by a 15-year-old. “(In the) long term, we want to go nationwide,” said CEO Billy Jinks, now age 19. Jinks attributes the company’s success to careful attention to thelittlr things. Lexani makes sure every car arrives withthe client’e favorite newspaper or magazine, as well as appropriate The company’s slogan is “Perfection has Lexani relies mostly on the support of customere who refer their friends, he said. “We’ve builgt a strong network of clients,” Jinks “Most of it’s just word of mouth.
” That built on a company spirit that encourages the bestpossibles service, has allowed Lexani to take marketr share from other companies, Jinks said. The company has a diverss fleetof vehicles, from sedans to buses, and all are less than a year old, he Lexani works with a number of clientxs in various sectors, offering high-end to regular transportation. That diversitg of service insulates the compan from tougheconomic conditions, Jinksd said. “Instead of just doing a corporate market or aretail market, we do a little bit of he said. He has been interested in the limo businesds since he wasabout 5, when he started accompanyinyg his father on business tripzs to New York.
He learned about the industry from a familyh friend who owned atransportation company, and he got in-deptnh knowledge from industry trade shows and other He formed Lexani in 2004 and turned a first-yead profit of more than $73,000. According to a 2006 stud y by the U.S. Census Bureau, only 5 percent to 10 percenr of new businesses survive their first fiveyears — and only abour 2 percent of small businesses nationwides are owned by someone undetr age 25. Jinks said his age hasn’y been a factor in doinfg business. “Some people seemed standoffishyat first,” he said, but the quality of service was enougu to quell any skepticism.
Rob Miller, presiden of , said he’s very impressed by Lexani’s quality of service, as well as work ethic and business sense. “We want to do businesx with the best doctors and the best CPAs and the besttransportatio company,” Miller said. “As far as I’m (Lexani is) the best around.” Miller said Jinks has a keen businesss sense, and it showas in Lexani’s reliable transportation service. When Jinks was 17, he once picked up Miller personally to make sure he was on time for an earluymorning flight. His scheduled ride had technicaol problemsthat day, Millere said. “I think that just demonstrates Lexani’s ...
willingnesse to go the extrz mile,” he said. “Billy has certainly shown the business acumem of someone far olderand
Monday, May 14, 2012
Mega-mortgages jump as banks underwrite wealthy clients - Boston Business Journal:
ykyhola.blogspot.com
Bank and real estate executives say theif wealthy clients still remain wary ofthe economy’sa sharp needles, but acknowledge that with the Dow Jonee Industrial Average up nearly 2,200 points over the past three monthsa there’s growing confidence about the direction of theier fortunes. That new confidence is liberating wealth y homebuyers toborrow again. Jumbo mortgage activity is percolatin even with virtually no secondary marke t forthe loans. Leading the charge is Bank of NewYork Mellon’w Boston-based wealth management division.
The company’s in-houswe mortgage operations in Boston cater tothe nation’s top 1 percenty of wealth and have put up recordx numbers this year. "We’ve seen significant said Erin Gorman, national sales director for the mortgage businesw at BNY MellonWealth Management. “We’ves been lending all along, and we didn’tt get caught up in the hiccups of thesecondary market.” During the firs five months of 2009, BNY Mellon’s jumb o mortgage activity is up 32 percent on a dollae volume basis, compared with the year-ago period. Gorman said Bostob is one of thebest markets. Jonathan Radford, Coldwell Banker Residential Brokerage’s No.
1 Bostojn agent in 2008, said therew has been renewed interest inthe high-end market sinc April 1. He said 36 properties, of $1 million and up, went undefr agreement in March, and that figure jumped to 105 in Aprio and 170in May. Even though BNY wealth management’s average deposits fell 12 percent in thefirstf quarter, the average loan balance surged 23 percent to $5.4 billion, compared with the year-earlier That increase was fueled by a recordr level of jumbo mortgagse originations. With an averag size of about $1 million, jumbosx have been a bright spot amid lower asset and wealtjhmanagement fees, according to analysts at Barclayds Capital.
BNY Mellon doesn’t discuss individuaol mortgage deals, but real estate records filed in Boston reveal plenty of big-ticket deals in recentg months. Rivals include Boston Private Bank & Trust Company, Firstr Republic Bank and even some community such asNeedham Bank, have stepped in to meet BNY Mellon, however, seems to have the most capital to throw around for its clients. For example, recentlu retired Staples Inc. directorr Martin Trust took outa $6.2 millioh mortgage on his condo at the swank Mandarijn Oriental at 776 Boylston St. Trusg received an interest-only, adjustable rate mortgages from BNY Mellon that starts with a fixedr interest rateof 4.
75 percent, according to documente on file at the Suffolj County Registry of Deeds. The interest rate will adjust to 2.25 plus the one-year London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 because the one-year LIBOR rate has been aboutt 1.6 percent. Another recent deal was a $1.16 million mortgage Boston Private wrote for the ownerx of a Beacon Hill residence on MountVernon Street, recordw show. John Sullivan, executivd vice president of BostonPrivatse Bank’s residential lending department, said even wealthyg clients have to feel secure about their jobs and theird incomes before taking out big mortgages.
“It’z the same as someone takinh outa $200,000 mortgage,” Sullivan Like BNY Mellon, Boston Private originatews adjustable-rate mortgages and holds them in its loan When the global credit crisis vaporized the secondar y market for jumbos, portfolio lenders couls keep doing what they were doin because they were not relying on anyone else to buy theie loans. Another advantage also portfolio lenders scooped up new clientse whose banks stopped doing big jumbos when the secondary market froze.
Gorman said some rivao lenders are returning to the jumbo market as theeconomy “As money elsewhere dried up for borrowers, we earnedx a reputation as the go-tp player in jumbo mortgages. And that puts us in a strongb position as other lenders gingerlt move back ontothe field.” Lanse Robb, who brokers the sale of mansion s and estates on the North Shore for LandVesrt Inc., said prices have come way down in the past but buyers still want a discountt even after asking prices have been lopped off by millionw of dollars. “When they feel this is the the jumbo market will reallgytake off,” Robb said. One of his most expensive listingxs isthe $12.
25 million Wyck Estate, a Manchester-by-the-Sea replica of a Frenchg chateau. Sullivan said jumbo mortgagw lending presents a great opportunituy for a bank to expand its relationshilp witha client. New business, he said, is mostlh referrals from other clients, real estate financial advisers, lawyers and “The mortgage leads the way as an introduction tothe bank,” Sulliva said.
Bank and real estate executives say theif wealthy clients still remain wary ofthe economy’sa sharp needles, but acknowledge that with the Dow Jonee Industrial Average up nearly 2,200 points over the past three monthsa there’s growing confidence about the direction of theier fortunes. That new confidence is liberating wealth y homebuyers toborrow again. Jumbo mortgage activity is percolatin even with virtually no secondary marke t forthe loans. Leading the charge is Bank of NewYork Mellon’w Boston-based wealth management division.
The company’s in-houswe mortgage operations in Boston cater tothe nation’s top 1 percenty of wealth and have put up recordx numbers this year. "We’ve seen significant said Erin Gorman, national sales director for the mortgage businesw at BNY MellonWealth Management. “We’ves been lending all along, and we didn’tt get caught up in the hiccups of thesecondary market.” During the firs five months of 2009, BNY Mellon’s jumb o mortgage activity is up 32 percent on a dollae volume basis, compared with the year-ago period. Gorman said Bostob is one of thebest markets. Jonathan Radford, Coldwell Banker Residential Brokerage’s No.
1 Bostojn agent in 2008, said therew has been renewed interest inthe high-end market sinc April 1. He said 36 properties, of $1 million and up, went undefr agreement in March, and that figure jumped to 105 in Aprio and 170in May. Even though BNY wealth management’s average deposits fell 12 percent in thefirstf quarter, the average loan balance surged 23 percent to $5.4 billion, compared with the year-earlier That increase was fueled by a recordr level of jumbo mortgagse originations. With an averag size of about $1 million, jumbosx have been a bright spot amid lower asset and wealtjhmanagement fees, according to analysts at Barclayds Capital.
BNY Mellon doesn’t discuss individuaol mortgage deals, but real estate records filed in Boston reveal plenty of big-ticket deals in recentg months. Rivals include Boston Private Bank & Trust Company, Firstr Republic Bank and even some community such asNeedham Bank, have stepped in to meet BNY Mellon, however, seems to have the most capital to throw around for its clients. For example, recentlu retired Staples Inc. directorr Martin Trust took outa $6.2 millioh mortgage on his condo at the swank Mandarijn Oriental at 776 Boylston St. Trusg received an interest-only, adjustable rate mortgages from BNY Mellon that starts with a fixedr interest rateof 4.
75 percent, according to documente on file at the Suffolj County Registry of Deeds. The interest rate will adjust to 2.25 plus the one-year London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 because the one-year LIBOR rate has been aboutt 1.6 percent. Another recent deal was a $1.16 million mortgage Boston Private wrote for the ownerx of a Beacon Hill residence on MountVernon Street, recordw show. John Sullivan, executivd vice president of BostonPrivatse Bank’s residential lending department, said even wealthyg clients have to feel secure about their jobs and theird incomes before taking out big mortgages.
“It’z the same as someone takinh outa $200,000 mortgage,” Sullivan Like BNY Mellon, Boston Private originatews adjustable-rate mortgages and holds them in its loan When the global credit crisis vaporized the secondar y market for jumbos, portfolio lenders couls keep doing what they were doin because they were not relying on anyone else to buy theie loans. Another advantage also portfolio lenders scooped up new clientse whose banks stopped doing big jumbos when the secondary market froze.
Gorman said some rivao lenders are returning to the jumbo market as theeconomy “As money elsewhere dried up for borrowers, we earnedx a reputation as the go-tp player in jumbo mortgages. And that puts us in a strongb position as other lenders gingerlt move back ontothe field.” Lanse Robb, who brokers the sale of mansion s and estates on the North Shore for LandVesrt Inc., said prices have come way down in the past but buyers still want a discountt even after asking prices have been lopped off by millionw of dollars. “When they feel this is the the jumbo market will reallgytake off,” Robb said. One of his most expensive listingxs isthe $12.
25 million Wyck Estate, a Manchester-by-the-Sea replica of a Frenchg chateau. Sullivan said jumbo mortgagw lending presents a great opportunituy for a bank to expand its relationshilp witha client. New business, he said, is mostlh referrals from other clients, real estate financial advisers, lawyers and “The mortgage leads the way as an introduction tothe bank,” Sulliva said.
Saturday, May 12, 2012
Post Office Closure Decision on the Horizon, Cost-Saving Plan Presented - Patch.com
amesit.wordpress.com
Post Office Closure Decision on the Horizon, Cost-Saving Plan Presented Patch.com With May 15 as the end date to the United States Postal Service's "moratorium" on post office closures, decisions could be made soon on whether some local branches will stay open. Despite a new cost-saving measure presented today for some of the ... |
Thursday, May 10, 2012
CombinatoRx to merge with Canadian firm - San Antonio Business Journal:
moakhamet84.blogspot.com
Under the terms of the agreement, Cambridge, Mass.-based CombinatoRc will issue shares of common stock to Neuromexd stockholdersso that, post merger, each shareholders will have 50 percent of the voting powe r in the combined company. The deal is closely tied to a recenf transaction that saw Neuromed sell the commercial right toits pain-management drug candidatre Exalgo to , a subsidiaruy of That agreement included an upfront paymengt of $15 million and severalo potential milestone payments and related compensation if certain commercial benchmarks are met. Thoser payouts also could alter the ownership composition of the newltmerged company.
For if Exalgo is approved by thebefored 2010, CombinatoRx shareholders will see their ownership stake in the combinecd company slip to 30 If the drug does not win FDA approval by CombinatoRx shareholders will then assume a 70 percen ownership stake in the company, according to regulatory Alexis Borisy will step down as president and CEO of CombinatoRx to pursue other activities. Borisy will supporty CombinatoRx as a member of its scientific advisory board, according to the company.
The boards of directorse of both CombinatoRx and Neuromed have approvecd the proposedmerger transaction, which is subjectt to customary closing conditions, including receipyt of various required approvals from the CombinatoRx and Neuromee stockholders. In May, CombinatoRx (Nasdaq: CRXX) said it narrowe d its net loss for the firsft quarter amid aggressive cost cutting that includeds laying off almost half its staff and slashes to its researcnh anddevelopment budget.
Under the terms of the agreement, Cambridge, Mass.-based CombinatoRc will issue shares of common stock to Neuromexd stockholdersso that, post merger, each shareholders will have 50 percent of the voting powe r in the combined company. The deal is closely tied to a recenf transaction that saw Neuromed sell the commercial right toits pain-management drug candidatre Exalgo to , a subsidiaruy of That agreement included an upfront paymengt of $15 million and severalo potential milestone payments and related compensation if certain commercial benchmarks are met. Thoser payouts also could alter the ownership composition of the newltmerged company.
For if Exalgo is approved by thebefored 2010, CombinatoRx shareholders will see their ownership stake in the combinecd company slip to 30 If the drug does not win FDA approval by CombinatoRx shareholders will then assume a 70 percen ownership stake in the company, according to regulatory Alexis Borisy will step down as president and CEO of CombinatoRx to pursue other activities. Borisy will supporty CombinatoRx as a member of its scientific advisory board, according to the company.
The boards of directorse of both CombinatoRx and Neuromed have approvecd the proposedmerger transaction, which is subjectt to customary closing conditions, including receipyt of various required approvals from the CombinatoRx and Neuromee stockholders. In May, CombinatoRx (Nasdaq: CRXX) said it narrowe d its net loss for the firsft quarter amid aggressive cost cutting that includeds laying off almost half its staff and slashes to its researcnh anddevelopment budget.
Wednesday, May 9, 2012
New figures show Arizona tourism industry
shelly-polymer.blogspot.com
The Governor’s Conference on Touriskm is being held this week at the Westinh Kierland Resort and Spain Scottsdale, attractinfg industry executives and hoteliers from across the state. Numbersd released Thursday as part of that evenf show the impact of the economif downturn onthe state’s multimillion-dollar hospitalityy industry. “The lodging industry is clearlyin pain. Hotel economies track what is happeningh in the rest ofthe world,” said Arizona Tourisn Director Sherry Henry. The state figures show 37.4 million peopler visited Arizona in2008 — a 3 percent decline from 2007. Aboug 26 million leisure travelerse spent timein Arizona, a decline of 3.
3 while business travel was down 7.6 percent, to 6.3 milliojn visitors. Direct spending by visitords to the state declined by a littlr more than 3 percent in to $18.5 billion. The numbers also show the impacf of residents staying closerto home. Whiled nonresident travel to the statw was downabout 4.7 percent, to 22.6 million, abouyt 9.8 million Arizonans traveled within the state, a declinew of only 2.9 And even though overseas visitorse made up 2.8 percent of the state’z total visitors, more than half a million Canadians traveledc to Arizona, mostly from Alberta, Ontario and Britisn Columbia. Mexican visitors also played significantlyt inthose totals, with more than 3.
85 million traveling to While the average daily rate of a room in Arizonaq last year was $107.76, a bit higher than the national ADR of $106.5, those numbers have not remained strong. Tourism figures released for the first quarter — typically the high tourist seasonj — show the hospitality industry is stil l challenged by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.47 in first-quartef 2009. In metro Phoenix, ADR sank 16 from $160.87 in first-quartef 2008 to $135.08 in first-quarter 2009.
Because metro Phoenix boastsx manyluxurious upper-tier resorts, daily rates in the regiobn are somewhat higher than statewide Meanwhile, hoteliers continue to try to fill theie properties. Occupancy rates were 74 percent for the firs t quarter of 2008 in metro Phoenix thanks to hostingh aSuper Bowl, but occupancyy was just 63 percent for the first quarter of 2009 — a 14.7 percent Revenue per available room, a measure of earning from each hotel room, droppede 28.3 percent, from $119.15 to $85.37.
Henry and other members of the Tourisnm Office are trying to buil d business through targeted marketinhg campaigns andthe “Value Arizona” Web site, a one-stop online shop for the state’s hotelsd and destinations to tout theird value packages and programs. More than 300 trips, packagess and destinations across the stateare featured. The Tourism Officw also will launcha “Free to Be” marketinv campaign in select cities, includinbg Chicago, Los Angeles and Denver, whic h will focus on how Arizona properties catetr to different travelers’ from outdoorsmen to families to the shopping crowd.
Those cities are beinf targeted because research shows those from more faraway destinationds stay in Arizona longet andspend more, bringing new money to the state. In the Tourism Office has launched Facebook and Twittert options to interact directlywith travelers. The downturn also has affectef theTourism Office, whicbh is subject to the statde hiring freeze and is facing budget cuts of abou 4.5 million in this fiscap year.
Henry said that will impact somemarketing efforts, not
The Governor’s Conference on Touriskm is being held this week at the Westinh Kierland Resort and Spain Scottsdale, attractinfg industry executives and hoteliers from across the state. Numbersd released Thursday as part of that evenf show the impact of the economif downturn onthe state’s multimillion-dollar hospitalityy industry. “The lodging industry is clearlyin pain. Hotel economies track what is happeningh in the rest ofthe world,” said Arizona Tourisn Director Sherry Henry. The state figures show 37.4 million peopler visited Arizona in2008 — a 3 percent decline from 2007. Aboug 26 million leisure travelerse spent timein Arizona, a decline of 3.
3 while business travel was down 7.6 percent, to 6.3 milliojn visitors. Direct spending by visitords to the state declined by a littlr more than 3 percent in to $18.5 billion. The numbers also show the impacf of residents staying closerto home. Whiled nonresident travel to the statw was downabout 4.7 percent, to 22.6 million, abouyt 9.8 million Arizonans traveled within the state, a declinew of only 2.9 And even though overseas visitorse made up 2.8 percent of the state’z total visitors, more than half a million Canadians traveledc to Arizona, mostly from Alberta, Ontario and Britisn Columbia. Mexican visitors also played significantlyt inthose totals, with more than 3.
85 million traveling to While the average daily rate of a room in Arizonaq last year was $107.76, a bit higher than the national ADR of $106.5, those numbers have not remained strong. Tourism figures released for the first quarter — typically the high tourist seasonj — show the hospitality industry is stil l challenged by the downturn. Statewide, ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.47 in first-quartef 2009. In metro Phoenix, ADR sank 16 from $160.87 in first-quartef 2008 to $135.08 in first-quarter 2009.
Because metro Phoenix boastsx manyluxurious upper-tier resorts, daily rates in the regiobn are somewhat higher than statewide Meanwhile, hoteliers continue to try to fill theie properties. Occupancy rates were 74 percent for the firs t quarter of 2008 in metro Phoenix thanks to hostingh aSuper Bowl, but occupancyy was just 63 percent for the first quarter of 2009 — a 14.7 percent Revenue per available room, a measure of earning from each hotel room, droppede 28.3 percent, from $119.15 to $85.37.
Henry and other members of the Tourisnm Office are trying to buil d business through targeted marketinhg campaigns andthe “Value Arizona” Web site, a one-stop online shop for the state’s hotelsd and destinations to tout theird value packages and programs. More than 300 trips, packagess and destinations across the stateare featured. The Tourism Officw also will launcha “Free to Be” marketinv campaign in select cities, includinbg Chicago, Los Angeles and Denver, whic h will focus on how Arizona properties catetr to different travelers’ from outdoorsmen to families to the shopping crowd.
Those cities are beinf targeted because research shows those from more faraway destinationds stay in Arizona longet andspend more, bringing new money to the state. In the Tourism Office has launched Facebook and Twittert options to interact directlywith travelers. The downturn also has affectef theTourism Office, whicbh is subject to the statde hiring freeze and is facing budget cuts of abou 4.5 million in this fiscap year.
Henry said that will impact somemarketing efforts, not
Monday, May 7, 2012
NE Fla. logistics firms looking for qualified workers - Dayton Business Journal:
belyaevostapuki.blogspot.com
“If I find the right I will find a placefor them,” said Shawn Barnett, the CEO of “But they need some background.” Barnett and other top executivez from 15 logistics companies were at the for a logistics careetr workshop Wednesday at the University Center. They engaged in speeched and panel discussions from9 a.m. to 3 p.m., telling those in attendancs what their companies are lookingf for infuture “Seventy people are here to take the said Robert Wood, the dean of Continuintg Education at UNF running the event. “There are stilo a lot of jobs availabler in the logistics field in and there are a lot of companiex here lookingto employ.
” Businesses like the , , , the and the Wal-Mart distribution centeer in Baker County were in attendance to share each of their requirements for potentialp applicants. “With the growth of our we are going to need to get educatecd people working for us within the next couplreof years,” said Bobby Steel, the manage of Wal-mart’s distribution centerf in Baker County. “With all of the growth in Northeasf Florida, we are going to need some more Even through theeconomic downturn, Michael O’Leary, the CEO of the Grimes Companies, said they have been continuin to hire.
If people invesrt in their company, they will inves in them, he “You are constantly working in the supply chain businesx because thingsconstantly change,” O’Leary “Everyone is looking for a team of “We are facing challenges. We coulrd use some really talented folks.” In order to secure these talented individuals, a lot of logistics companies are requirinvg potential employees to engage in WorkSourcr testing in orderto apply. More than 100 businesse in Jacksonville areusing it, Wood “All of the staff need to operatd at a level that meets our expectations,” O’Leary said.
“Your job is not just the movement of goods but the managementfof relationships.” Barnett added that in order to get a job, individualx needs to possess the skill sets presidents and CEOs are looking for, which include industry or othef relevant experience to the logistics In addition, he said job searchers can’t be afraidc of where they start in a new company. “Yohu have to lower your expectations as far as astartinv point,” Barnett said. “Don’t be afraid to get into a compan atany level.
”
“If I find the right I will find a placefor them,” said Shawn Barnett, the CEO of “But they need some background.” Barnett and other top executivez from 15 logistics companies were at the for a logistics careetr workshop Wednesday at the University Center. They engaged in speeched and panel discussions from9 a.m. to 3 p.m., telling those in attendancs what their companies are lookingf for infuture “Seventy people are here to take the said Robert Wood, the dean of Continuintg Education at UNF running the event. “There are stilo a lot of jobs availabler in the logistics field in and there are a lot of companiex here lookingto employ.
” Businesses like the , , , the and the Wal-Mart distribution centeer in Baker County were in attendance to share each of their requirements for potentialp applicants. “With the growth of our we are going to need to get educatecd people working for us within the next couplreof years,” said Bobby Steel, the manage of Wal-mart’s distribution centerf in Baker County. “With all of the growth in Northeasf Florida, we are going to need some more Even through theeconomic downturn, Michael O’Leary, the CEO of the Grimes Companies, said they have been continuin to hire.
If people invesrt in their company, they will inves in them, he “You are constantly working in the supply chain businesx because thingsconstantly change,” O’Leary “Everyone is looking for a team of “We are facing challenges. We coulrd use some really talented folks.” In order to secure these talented individuals, a lot of logistics companies are requirinvg potential employees to engage in WorkSourcr testing in orderto apply. More than 100 businesse in Jacksonville areusing it, Wood “All of the staff need to operatd at a level that meets our expectations,” O’Leary said.
“Your job is not just the movement of goods but the managementfof relationships.” Barnett added that in order to get a job, individualx needs to possess the skill sets presidents and CEOs are looking for, which include industry or othef relevant experience to the logistics In addition, he said job searchers can’t be afraidc of where they start in a new company. “Yohu have to lower your expectations as far as astartinv point,” Barnett said. “Don’t be afraid to get into a compan atany level.
”
Saturday, May 5, 2012
Carnahan to Stifel: Buy back all auction-rate securities - Business First of Louisville:
torbjorntrainer1738.blogspot.com
On Tuesday, Carnahan called on St. Louis-bases Stifel Nicolaus, a unit of SF), to buy back all of the illiquix securities that hundreds ofinvestors hold. Auction-rate securities are investments for whicy the interest rate isreset regularly. Stife Financial said last month that it wouldcspend $35 million to $40 million to buy back some of its customers’ auction-rate securities. On Friday, it said it may buy back “Stifel’s offer is inadequate, and theifr vague statement suggestingthey ‘mayu increase the amount’ has risked the credibility they have with theid customers,” Carnahan said in Tuesday release.
“I have heard from dozens of investors who desperately need to know when they will have accesa totheir savings. Aftert many other banks have done the righr thing and made theirinvestore whole, it’s time for Stifel to step up to the Stifel said it would offer to repurchased the greater of 10 percent or $25,00o0 of auction-rate securities held by each retai l client who bought them at Stifel befores the auction-rate securities market collapse a year ago. About 1,200 retail client accounts hold auction-rate securities, and about 40 percen of these accountshold $25,000 in auction-rate securities, so they will received 100 percent liquidity.
The remaining 60 percentg will get between 10 percent and 50 Stifel has saidit didn’t have as much knowledge as the largefr firms of the impending market collapse so it shouldn’tg have to buy back all the , an affiliate of , owned by Kansas City-bases (Nasdaq: CBSH) . In Carnahan reached a $9 billioj agreement with that returned money to morethan 40,000 Although these companies never admitted wrongdoing, Carnahan’s office suggested that investors were mislef about the risk involved in auction-rates securities.
The market collapsed in February 2008 when investorsx became alarmed at the prospect of corporate borrowers coveringf debt service onthe securities, leavingv investors unable to access $330 billiom in investments nationwide. Stifel Financial is led by Chairma and Chief ExecutiveRonald Kruszewski. The company has about 3,30p employees in more than 200 officeas in the United States and threein
On Tuesday, Carnahan called on St. Louis-bases Stifel Nicolaus, a unit of SF), to buy back all of the illiquix securities that hundreds ofinvestors hold. Auction-rate securities are investments for whicy the interest rate isreset regularly. Stife Financial said last month that it wouldcspend $35 million to $40 million to buy back some of its customers’ auction-rate securities. On Friday, it said it may buy back “Stifel’s offer is inadequate, and theifr vague statement suggestingthey ‘mayu increase the amount’ has risked the credibility they have with theid customers,” Carnahan said in Tuesday release.
“I have heard from dozens of investors who desperately need to know when they will have accesa totheir savings. Aftert many other banks have done the righr thing and made theirinvestore whole, it’s time for Stifel to step up to the Stifel said it would offer to repurchased the greater of 10 percent or $25,00o0 of auction-rate securities held by each retai l client who bought them at Stifel befores the auction-rate securities market collapse a year ago. About 1,200 retail client accounts hold auction-rate securities, and about 40 percen of these accountshold $25,000 in auction-rate securities, so they will received 100 percent liquidity.
The remaining 60 percentg will get between 10 percent and 50 Stifel has saidit didn’t have as much knowledge as the largefr firms of the impending market collapse so it shouldn’tg have to buy back all the , an affiliate of , owned by Kansas City-bases (Nasdaq: CBSH) . In Carnahan reached a $9 billioj agreement with that returned money to morethan 40,000 Although these companies never admitted wrongdoing, Carnahan’s office suggested that investors were mislef about the risk involved in auction-rates securities.
The market collapsed in February 2008 when investorsx became alarmed at the prospect of corporate borrowers coveringf debt service onthe securities, leavingv investors unable to access $330 billiom in investments nationwide. Stifel Financial is led by Chairma and Chief ExecutiveRonald Kruszewski. The company has about 3,30p employees in more than 200 officeas in the United States and threein
Friday, May 4, 2012
Cincinnati Metro bracing for funding cuts; may reduce service - Houston Business Journal:
uqudenlid.blogspot.com
About $44.1 million – or aboug half of the bus service’s $94.6 million operatinbg budget – comes from the city of Cincinnati’s earnings tax, accordiny to a Metro news releaseissued Tuesday. Based on the city’ss projected earnings tax Metro anticipates a reductiojn ofbetween $2 million and $3 million in that funding by 2010. And most Metrp rides are related to employment orpersonalp business. With unemployment hovering around 10 percentr andbudgets tight, the agency said ridership is So Metro also expects fare revenue to be from $3 millionj to $5 million lower than budgeted.
In Hamilton County has notified Metro thatit can’t provid 2009 general fund dollars for Access servicr for people with disabilitiea that goes beyond what the Americans with Disabilities Act The county has provided funding for the additionaol service for the past decade. That representsw $233,000 in funding. The state of Ohio also has reducedf the 2009 amount Metro receives for elderlhy and disabled fare subsidy by theagency said. “For many years Metro has struggler to provide more service than it can Metro CEO Marilyn Shazod said in thenews “We’ve cut costs behind the increased fares and improved servicse efficiency.
We’ve dipped into our reservez and deferred critical capital projectsz likebus replacement. These steps bought us but we can’t overcome the additional losses in We must reassess the level of service that we can reasonablyy provide within the newbudget reality.” Metrio will spend the summee analyzing options and talking with customers, employeezs and others to help the agenc y make decisions for the rest of 2009 and for the 2010 the news release said. “The financial model is Shazor said inthe release. “We must right-sizer Metro and provide the very best servic e we can within the resourceswe have.
” Metro also is strugglinv with inadequate capital dollars to replacd buses beyond their useful 12-year life. Even with stimulus dollars awarded this year forcapitap projects, the agency will not have enoughy money in 2010 to replacse 69 buses that are beyond their usefukl life, the release said. Transit systeme in Dayton, Cleveland, Atlanta, St. San Francisco, Portland, Boston, Louisville, Phoenix, Minneapolis, New York, Chicago and other major markets also have either implementee or are consideringservice cuts, fare increasesd or both to address budget deficitsa since last fall, Metro said in the release.
operated by the , provides bus servicee throughoutHamilton County, and portionsd of Butler, Clermont and Warren counties.
About $44.1 million – or aboug half of the bus service’s $94.6 million operatinbg budget – comes from the city of Cincinnati’s earnings tax, accordiny to a Metro news releaseissued Tuesday. Based on the city’ss projected earnings tax Metro anticipates a reductiojn ofbetween $2 million and $3 million in that funding by 2010. And most Metrp rides are related to employment orpersonalp business. With unemployment hovering around 10 percentr andbudgets tight, the agency said ridership is So Metro also expects fare revenue to be from $3 millionj to $5 million lower than budgeted.
In Hamilton County has notified Metro thatit can’t provid 2009 general fund dollars for Access servicr for people with disabilitiea that goes beyond what the Americans with Disabilities Act The county has provided funding for the additionaol service for the past decade. That representsw $233,000 in funding. The state of Ohio also has reducedf the 2009 amount Metro receives for elderlhy and disabled fare subsidy by theagency said. “For many years Metro has struggler to provide more service than it can Metro CEO Marilyn Shazod said in thenews “We’ve cut costs behind the increased fares and improved servicse efficiency.
We’ve dipped into our reservez and deferred critical capital projectsz likebus replacement. These steps bought us but we can’t overcome the additional losses in We must reassess the level of service that we can reasonablyy provide within the newbudget reality.” Metrio will spend the summee analyzing options and talking with customers, employeezs and others to help the agenc y make decisions for the rest of 2009 and for the 2010 the news release said. “The financial model is Shazor said inthe release. “We must right-sizer Metro and provide the very best servic e we can within the resourceswe have.
” Metro also is strugglinv with inadequate capital dollars to replacd buses beyond their useful 12-year life. Even with stimulus dollars awarded this year forcapitap projects, the agency will not have enoughy money in 2010 to replacse 69 buses that are beyond their usefukl life, the release said. Transit systeme in Dayton, Cleveland, Atlanta, St. San Francisco, Portland, Boston, Louisville, Phoenix, Minneapolis, New York, Chicago and other major markets also have either implementee or are consideringservice cuts, fare increasesd or both to address budget deficitsa since last fall, Metro said in the release.
operated by the , provides bus servicee throughoutHamilton County, and portionsd of Butler, Clermont and Warren counties.
Wednesday, May 2, 2012
RIM After BlackBerry 10 Debut: Dead Or Alive? - PCWorld (blog)
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Globe and Mail | RIM After BlackBerry 10 Debut: Dead Or Alive? PCWorld (blog) By Ian Paul, PCWorld May 2, 2012 7:52 AM Research In Motion recently unveiled its next-generation mobile operating system, BlackBerry 10, giving critics a little more insight into the company's future prospects. BlackBerry 10 is a significant break ... RIM pulls out &nbs p;» |
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