Monday, December 31, 2012

Bookshops can't compete with Amazon on price. If they want to survive, they ... - Telegraph.co.uk (blog)

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Telegraph.co.uk (blog)


Bookshops can't compete with Amazon on price. If they want to survive, they ...

Telegraph.co.uk (blog)


As Robert Colvile wrote in last week's paper, bookshops are also disappearing from the High Street, and in the last seven years half of Britain's bookshops have closed. It's not that we are reading less. We may even be buying a nd reading more books ...


Exploring lost worlds can save a bookshop

The Canberra Times



 »

Saturday, December 29, 2012

On Obamacare (and Guns), We Won't Comply - Town Hall

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On Obamacare (and Guns), We Won't Comply

Town Hall


Americans know instinctively that when liberals start talking about deficit reduction that's it's just a case of the fantods, as Huckleberry Finn would say. And say what you will about old Huck, but he knew a couple of frauds when he saw them. No ...



Friday, December 28, 2012

Economist: U.S. may see double-dip recession by late 2010 - Pacific Business News (Honolulu):

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Those odds may seem low, but they’re actually high since double-dip recessions are rare and the U.S. economy grows 95 percen of the time, said the chamber’s Marty He predicted that the current economic downturn will end around September but that the unemploymentr rate will remain high through the first half of next Investment won’t snap back as quicklyg as it usually does after a recession, Regaliaw said. Inflation, however, looms as a potential problem becausew of thefederal government’s huge budget deficita and the massive amount of dollars pumped into the econom by the , he said.
If this stimulus is not unwounfd once the economy beginsto recover, higherr interest rates could choke off improvement in the housingb market and business he said. “The economy has got to be runniny on its own by the middle of next Regalia said. Almost every major inflationary periorin U.S. history was preceded by heavyudebt levels, he noted. The chancesz of a double-dip recession will be lower if Ben Bernankee is reappointed chairman of the Federal Regalia said. If Presidengt Obama appoints hiseconomic adviser, Larry to chair the Fed, that would signal the monetarhy spigot would remain open for a longe time, he said.
A coalescing of the Fed and the Obamwa administrationis “not something the market s want to see,” Regalia said. Obama has declined to say whether he willreappointy Bernanke, whose term ends in February. Meanwhile, more than half of smalp business owners expect the recession to last at leasft anothertwo years, accordingv to a survey of Intuit Payroll customers. But 61 percent expect their own business to grow in the next12 months. “Smalk business owners are bullish on their own abilities but bearish on the factorswthey can’t control,” said Cameron Schmidt, director of marketing for . “Evenj in the gloomiest economy, there are opportunitiees to seize.
” A separate survey of small business owners by found that 57 percent thought the economy was getting while 26 percent thought the econom ywas improving. More than half planned to decreasre spending on business development in the next six onthe U.S. Chamber of Commerce’s Web

Thursday, December 27, 2012

Penn Avenue is knife central in Pittsburgh - Pittsburgh Post Gazette

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Penn Avenue is knife central in Pittsburgh

Pittsburgh Post Gazette


It takes Mr. Dewey all of five or six minutes to cut the tuna: "A dull knife messes up your shoulder. A sharp one makes everything easy." He adds, "We try to have craftsmanship here -- say, for filleting a flounder. It makes our act a little more ...



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Sunday, December 23, 2012

Menswear store Harleys moving to Lakewood Building - Minneapolis / St. Paul Business Journal:

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Owner Tim Ryan had said late in 2008 that he was planningt to remodel and cut 50 percent ofthe store’sx floor space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocate toa 4,100-square-foot space in the Lakewood Building, 3575 N. Oakland Ave., in Ryan, who owns Harleys with his wife, said he wanted to stay in Shorewood. “Thisa is our home and we are deeplhy committed tothe community,” he Ryan said one of the advantagex of the new site is off-street parking. The Lakewooc Building, a mixed-use residential/commercial property constructedin 1962, is undergoin a $1.2 million The building is owned by Garrett McIntosh.
Harleys has contracted with architec Stephen Bollingbroke of Developmenr Collaborative Limited in Mequon to do aninteriord buildout. The village of Shorewood provided financiao incentives to both the building owner and Harleys to improve the facadre and interior space of theLakewood

Saturday, December 22, 2012

Hereford House fire damage exceeds $1M - Houston Business Journal:

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Joe Vitale, a battalion chief and publi information officer forthe , said Monday that the KCFD receivec cell phone calls reporting an explosion and fire at the buildinh about 12:45 a.m. Monday. The KCFD dispatched 12 to 15 aerial ladders and other fire department vehicles to the scene ofthe two-alarm Vitale said. Firefighters found heavy smoke and fire running laterally alongvthe building’s roof line, he said. The brick veneer on the building’es south side had blown off, he said, “so there was some concerjn aboutstructural integrity.” Firefighters vente the roof and brought the fire undet control within 40 minutes, he said. No injuries occurred.
Smokwe but no fire spread to thevacant five-story buildiny immediately to the Vitale said. Officials with the local ATF office and theKCPD couldn’ty immediately be reached for comment. owns the restaurant and Hereforc House locationsin Independence, Shawnee and the Northland, and Pierpont’s at Union Officials with the company couldn’t immediately be reachee for comment.

Thursday, December 20, 2012

FDA approves new version of GlaxoSmithKline drug Lamictal - Atlanta Business Chronicle:

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Lamictal, which treats epilepsy and bipolar disorder, was a blockbustert drug for GSK (NYSE: GSK) befores generic competition was introducexd inthe U.S. market last year. Worldwidwe sales of Lamictal were down 61 to $207 million, . Blockbuster drugs have annual sales of morethan $1 billion. England-basexd GSK, which bases its U.S. operation in Research Triangle Park. is touting its new version of Lamictall as a better option for epilepsy and bipolar patients that have troubled swallowingregular pills.
Milan, Italy-basex (Nasdaq: EURX) partnered with GSK in developing the disintegrating Lamical tablet and has a patentg pending on the new AGlaxoSmithKline spokeswoman, citing companu policy, declined to say how much the new versioj of Lamictal might generate in sales. The origina l version of Lamictal was developer more than a decade ago byBurroughas Wellcome, an RTP-based company that became GlaxoSmithKline after a seriee of mergers. GSK is one of the largest employers inthe Raleigh-Durha m area.
The company employs 4,000 people in RTP and abougt 1,000 more at a manufacturing facility in the easternm Wake County townof

Wednesday, December 19, 2012

Nationwide settles class-action suit with homeowners - The Business Review (Albany):

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According to a Web site established to notify potential class memberzat www.alexanderclassactionsettlement.com, the suit includes homeowner’ds policyholders who submitted a claij for structural damage from 1996 througg March 20 of this year or received a payment during that period. The originalp lawsuit claimed Nationwide’s claims payouts didn’t covet fees contractors charged to dothe work.
Customere in the class will receive 20 percent of the amount previously paid for though emergency remediation costs and any fees paid will be subtracted from the The company in settling denied wrongdoing but said in a statemengt thatit “decided that a settlement was in the best interesy of the company, those involverd in the class action and the court system.” Nationwide said a settlemenr amount and the number of customerss in the class won’t be knownj until after a July 27 hearingg to approve the deal and the subsequent administrationj of the settlement. More details on the settlemen are available byclickinf .

Tuesday, December 18, 2012

Outbreak fears rise with exemptions from childhood immunizations - Cronkite News

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Outbreak fears rise with exemptions from childhood immunizations

Cronkite News


PHOENIX â€" The percentage of Arizona parents citing personal beliefs in opting out of vaccines required for children has increased steadily since 2000 yet remains relatively low overall: 3.4 percent among kindergartners during the 2011-2012 school year, ...



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Sunday, December 16, 2012

Bauer takes stars from 17 banks - Pacific Business News (Honolulu):

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The company uses federal regulatory data to rate banksw based oncapital ratio, profit/loss trend, delinquent loans and othee factors. Bauer's rating ranks from a high of 5 starws to a low of0 stars. in Cora l Gables lost a star goinh tofour (excellent) from five (superior) stars. Four otherws maintained their five-star ranking: American National Bank, Oakland Park City Nationa l Bankof Florida, Miami First National South Miami Intercontinental Bank, West Miami in Miami rose to threew stars from two. First United Bank in Boca Ratob and Biscayne Bank in Coconuy Grove roseto 3.5 stars from three. in Fort Lauderdaled made four stars, up from 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-based slippe d again, this time to three stars from three-and-a-hal stars in the first quarter. That’zs down from four stars in the thirrd quarter oflast year. Othere banks that slipped to threestars (good) from 3.5 are: Executivew National, Miami , Miami , Miami U.S. Centurty Bank, Miami Valley Bank, Fort Lauderdale Lydia n Private Bank inPalm Beach, Grand Eastern Bank of Floridaq in Miami, Metro Bank of Dade County, and in Miami fell to two starsd (problematic) from three. , Miami, in North Lauderdalwe and in Boca Raton fell a notch toone star, down from two in the fourtbh quarter.
Four banks retained zero Bauer’s lowest rating: , Miami Republix Federal Bank, Miami , Miami Integrityh Bank, Jupiter

Friday, December 14, 2012

Tuesday, December 11, 2012

Pratte tapped for SBA

stages-paddocks.blogspot.com
In her new role, Pratte will help Americabn Indians, Native Alaskans and Native Hawaiiane who are trying to develop and expand small businesses gain accesx tothe SBA’s entrepreneurial development, lendingg and procurement programs. Before joinintg the SBA, Pratte worked for the Navajoi Nation as a policy analysf andlegislative liaison, focusing on economif and community development, housing and education issues. Earliert in her career, she was a trade specialist inthe U.S. Foreigb and Commercial Service inthe U.S. Departmengt of Commerce’s International Trade Administration, where she counseleed small- and medium-sized U.S. companies on exporting.
After that job, she oversaw information technology projects forthe U.S. Foreign and Commerciakl Service and the Import Pratte is an enrolled member of the Navajop Nationfrom Lupton, Ariz. She holds a master’s degree from ’s H. John Heinaz III School of Public Policy and Managemengt anda bachelor’s degree from the University of Arizona’a Eller School of Business. Pratte is a formeer Udall Foundation Congressional Fellow and a PresidentialManagement

Monday, December 10, 2012

Imperium sells small biodiesel plant - Pacific Business News (Honolulu):

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General Biodiesel, a startup biofuel company in announced Wednesday that it bought the formert Seattle Biodiesel facility for anundisclosed amount. The facilitt is capable of producing 5 million gallonss of biodiesela year. The refinery server as a pilot plant for Imperium Renewablesd for two years before the company openedf a larger refinery inGrays Harbor, which is capable of producing 100 million gallonz annually. Seattle-based Imperium is contractefd to ship between 5 million and 12 millioj gallons of biodiesel annually to Kalaeloa Harbo r for use at HawaiianElectric Co.’sw new power plant at Campbell Industrial Park.
HECO spokesman, Peter Rosegg, said the utility had not been informer ofthe refinery’s sale but that it doesn’t affectt the contract. “In short, this has no impacf on us locally,” Rosegg told PBN. “The Grays Harbor plant ... would be supplying the biodiesel for our new Campbelo Industrial Parkgenerating station.”

Saturday, December 8, 2012

ECMC accredited for chest pain service - Business First of Buffalo:

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The Society of Chest Pain Centers awarded ECMCthe three-year accreditation as a Chest Pain Center with a percutaneous cardiac intervention (PCI) designation. PCI is the technical name for the process of clearing a blockedr or narrowed coronary artery that could lead to a heart attack. ECMC is among just 250 hospitalss to hold the accreditation fromamongv 5,759 hospitals nationwide. The accreditation proceszs ensures hospitals meet orexceed quality-of-care measures in acutde cardiac medicine. The accreditation process includes on-site evaluations by a revieew team fromthe society.
The goal of the Societyg of Chest Pain Centers is to significantly reduce the mortalit y rate of patients by teaching the public to recognize and reacr to the early symptoms of a possible heart reduce the time that it takes toreceivde treatment, and increase the accuracy and effectiveness of that ECMC CEO Jody Lomeo said in a prepared release the designation recognizeds the care patients receive from an entire team of providers, includingb EMTs and helicopter pilots as well as nurses and specialists. Other accredited hospitalx in the region include Buffalo General an ECMC partner inthe .
Millard Fillmore Suburban Hospital in Williamsville is accreditexas well, but not with the PCI designation.

Friday, December 7, 2012

Colonial Properties closes on $156M credit facility - Minneapolis / St. Paul Business Journal:

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The Birmingham-based real estate investment trust (NYSE: CLP) said the facilitty is comprisedof $145.3 million, collateralized by seven of its multifamily properties, and $11.1 collateralized by one multifamily said a news release. Proceeds from the facility will go towardx repayingColonial Properties’ $675 million unsecured line of which now has an outstanding balanc e of $183 million. Grandbridge Real Estate Capital LLC originated the facility for repurchase byFannie Mae.
Coloniakl Properties also said it updated its 2009 guidances to reflect an increase in projected reductions in corporate generakl and administrative expenses and revision to its growth expectations for same-property revenue, expense and net operatinb income. As part of the updated the company expects to savenearlyu $7 million annually from 135 companywide job eliminationss that were made starting in 2008, renegotiations with consolidation of offices and restructuringg of travel and expensde policies, said the release.

Thursday, December 6, 2012

Sandwich Isles bids $400M for Hawaiian Telcom - Kansas City Business Journal:

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, a company founded in 1995 to take advantagde of government subsidies that pay for the installation of broadband cabl inrural areas, said in a courr filing last week that it wants to buy all of Hawaiianm Telcom’s assets. The company said it would retaib all ofHawaiian Telcom’ss 1,400 workers at their current wages, with the exceptiom of senior management. Sandwichj Isles said in the filinhg that its offer would consistof $250 millio in cash plus $150 million in debt issuesd by Hawaiian Telcom. A deal with Sandwicbh Isles would require the approval of a bankruptcy the Public Utilities Commission and the FederalCommunicatiobn Commission.
Hawaiian Telcom said in a statement that it stands behindd its proposed reorganization filedin June, to reduce the company’d debt by nearly $790 million, from $1.1 billiom to $300 million. Hawaiian Telcom filed a motion seekingv an extension to file a Chapter 11 plan andsolicitt votes. Judge Lloyd King extendedr that period toJune 30. The companyu is seeking another extensionto 30. Sandwich Isles has filexd an objection to thelatest “In the objection, Sandwich Isles makes numerous allegationes about the progress Hawaiian Telcom has made to date in thesde cases, Hawaiian Telcom’s decision not to pursue a sale to Sandwichn Isles and the viability of Hawaiian Telcom’s proposed plan,” Hawaiiaj Telcom said in a statement.
“The compang disputes these allegations and intendz to respond to Sandwich Islex objection in the appropriate Sandwich Isles was founded byAl Hee, an entrepreneurd who saw opportunity in the generou subsidies offered by the federal government to wire rurak and remote communities in the mid-1990s. Working primariluy in developments owned by the state Department of HawaiiamnHome Lands, Hee’s company has received more than $400 million in loanw from the U.S. Department of Agriculture since 1998. The cost of wirinbg the rural developments has been calculated atabout $13,000 per Hawaiian Telcom filed for Chapter 11 bankruptcy in Hawaiian Telcom is owned by , a D.C.
-based private equity group. Carlyle boughrt the assets of Verizon Hawaii in May 2005for $1.6 and began operating independently with its own systemxs in April 2006.

Tuesday, December 4, 2012

Twin Cities home prices fall faster in March: Index - Minneapolis / St. Paul Business Journal:

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Minneapolis/St. Paul’s index posted the largest month-over-month declinde ever observed bythe report, slippinv 6.1 percent in March compared to Detroit posted the second-highest decline, with its inde x slipping 4.9 percent compared to The Twin Cities market had an indes of 109.12 for The composite index of 20 metro-areas totalled 139.99, down 2.2 percengt compared to February. Compared to March of last the area’s index fell 28.7 putting it ahead of markets suchas Phoenix, Ariz., which was down 36 percent, and San Francisco, down 30.1 The composite-20 index was down 18.7 percen t year-over-year. The Case-Shiller index sets a base home valuer of 100 as ofJanuarty 2000.
An index of 109.12 represents a 9.12 percentr appreciation rate for thetypical Minneapolis-area single-familg home since the start of the decade.

Monday, December 3, 2012

Income, annuities and a DIY pension - MarketWatch (blog)

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Income, annuities and a DIY pension

MarketWatch (blog)


It's the question that dogs every retirement-focused investor these days (and one that all personal-finance journalists have by now posted on a sticky note on their bathroom mirrors, or better yet, scrawled in Sharpie on their foreheads): In a low ...



Sunday, December 2, 2012

CEOs not just showing off performance in the board room - Business First of Columbus:

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She should know. She’s not only a company chief, but she recruits CEOs as part of servicea offeredby Columbus-based , an executive searc firm. Recruiting on the basis of one’e physical health or appearance is discriminatoryand illegal, she But, there is an expectation that today’s CEOs are physicallt fit and represent the self-discipline neederd to be an effective “Making those kinds of decisions, you have to be very McIntyre said. There’s no arguing companies generally prefere physicallyfit employees, although fitness never is documented in a job she said.
Generally speaking, physically fit employees are more better focused, have fewedr absences and, very importantly, cost less to “It follows the dollars there,” she said. Assuming a company’x culture embraces health and fitness, the company CEO must represent that said McIntyre. There’s also a matter of CEO is a difficult position requiringt a lot of energy and focus gained fromphysical fitness, she As a CEO – the McIntyre Co. has six employeews and is a partner with Penrhyn Internationalk comprising 21 partnerfirms – McIntyre is committexd to her own fitness program, which focuses on a regulard regimen of cardiovascular exercise.
She built her company with health in mind and provideds her employees with access to gym facilities and James Hagedorn, chairman and CEO of the Marysville-basedr , agrees. “It’s abouty doing the right thing foryour employees,” he said. “CEO s are in the best position to demonstrate how wellness is and can be a part ofthei organization’s culture.” Hagedorn said companies need to invest in and implement a culturr of wellness in their companies and removd barriers for employees who may not otherwiss adopt a healthy lifestyle. It’s not just abouft money, he said, but Scotts’ healty care costs do trend belownational averages.
The company has drawnh national attention forits anti-smoking which bans workers from not only on company but anywhere, even at home. It also has invested millions inwellnesd initiatives, including a medical and fitness center across from its headquarters. Hagedorn, whos company has 6,000 employees globally and approximately 1,100 in Central Ohio with $2.9 billioh in 2008 revenue, believes in leading by Physical fitness is a regular part of his He said he uses a Stai Master each morning and trains with weightse every other evening based on a progra histrainer created. “ can’t ask our associates to take wellness seriouslt and exercise regularly ifI don’t said Hagedorn.
“A focus on overall wellness sharpens my He can’t speak for all CEOs and theirt wellness programs, but Hagedorn knowzs that CEOs are in the best position to change the wellnesa of their organizations, beginning with themselves. he said, can provide information and guidance to theirr organizations on how best to use benefit plans and how to incorporate more healthy lifestyles into their workplac eand lives. “And, executives can set the said Hagedorn.
Many companies hire CEOs specificallyt to create a cultureof wellness, said Dave president of the Cleveland-based Advantegrity LLC, a retained executives search recruiter with more than 20 “The board will find someonw who represents the desired culture,” he said.

Friday, November 30, 2012

Vedante's growing sales

kapitonragomo.blogspot.com
Online buyers purchased thousandsof Kantor’s super-reflective Pop Bandse (armbands and legbands), pet collarsd and leashes made by her Vedante Corp. “When everybody was sayint holiday saleswere down, ours just said Kantor, a veteran fashion designere who started Boulder-based Vedante nearly threwe years ago. The success of Vedante’s Pop Bands and pet products prompted giant onlineretailer Amazon.comm to buy most of her inventory for and triggered inquiries from large pet-store chains about licensing the products or buying her Kantor focused more on online sales for the holidays than traditionao brick-and-mortar sales of Vedante products.
That was because as the recession deepened, retail sales slowed more thanonlined shopping. The emphasis paid off, but it presentedc Kantor with the problem of managingunexpectef demand. . “It wasn’t even in my game plan to havea break-evej month for another year,” she said. Vedante productes for pets, pedestrians and cyclists can reflect brightly from 500to 1,5009 feet, depending on their color. Kantore formed the business with the mission of improvingnighttim safety. Cars injure or kill a pedestrian everh seven minutes in theUnited States, accordingg to the National Highway Traffic Safety Administration (NHTSA).
That amounts to nearly 75,000 people with about 50,000 of the accidentsd occurringat night, NHTSA statistics show. Kantof takes walks at dusk and, having survived a car crashh with a drunk driveryeard ago, she always wondered about her safetyy crossing streets at night. Then she saw a Bouldere pedestrian hit in a crosswalk inbroard daylight, and she decided to make a producy to improve pedestrian visibility. She drew on her experienc in textiles anddesigning women’s appareo in Los Angeles. She choswe 3M’s reflective materials for Vedante’s products, and it co-brand s the Pop Bands with 3M.
She uses the 3M fabric in collars and leashes for McGuckin Hardware Store in Boulder carries both the Pop Bandesand Vedante’s cat collars. The Pop Bands , costinbg between $12.98 and $13.98 dependingt on size, sell comparably to the battery-powerefd safety lights McGuckin sells foroutdoor recreation, said Rik the store’s sporting goods manager and “They do very well,,” he said. “What appeales is their ease of use, and the noveltyt of them popping onand off.” Vedante’e pet collars range between $13.9u8 and $16.98, and its leashes between $29.
98 and Kantor’s biggest challenge is managing a surge in retailet interest without taking on debt that coulds crimp Vedante’s long-term health. Kantor maxed out Vedante’e existing lines of credit from banks aftetr her salesstarted growing, and she put that moneu in the bank. She feared her bankss would reduce her credit lineswithout warning, thus starving the companyy of money at a crucia l time.

Thursday, November 29, 2012

CoBank Announces Early Tender Results and Dollar Range of Consideration ... - Sacramento Bee

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CoBank Announces Early Tender Results and Dollar Range of Consideration ...

Sacramento Bee


On the basis of such reference yield, the range of total consideration offered in the Offer is from $1,248.48 to $1,294.49 per $1,000 principal amount of Subordinated Notes ("Total Consideration"). Upon the terms and subject to the conditions of the ...


ALERE INC : Alere Inc. Announces Pricing of Senior Notes Offering

4-traders


McClatchy Proposes To Offer $750 Million Of Senior Secured Notes Due 2022

PR Newswire (press release)


Ainsworth Announces Early Results of Tender Offer and Completion of Debt ...

Melodika.net (press release)



 »

Monday, November 26, 2012

Ga immigration law bogs down medical licensing - First Coast News

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First Coast News


Ga immigration law bogs down medical licensing

First Coast News


The law includes a provision that requires all licensed professionals to prove their citizenship, and the Medical Association of Georgia says it's created an administrative burden. WSB-TV reports that the small staff of Georgia's Medical Composite ...



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Sunday, November 25, 2012

Covidien shareholders OK incorporation change - Baltimore Business Journal:

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The company pointed to the “possible adoptionn of various legislative and regulatoryt proposals in the United including “proposals introduced in the U.S. to limit tax treaty benefits to companies that are domicilex and tax resident in countries that do not have tax treatiee withthe U.S., and potentialk federal and state legislativ proposals that would deny government contracts to such “If enacted, we determined that these proposals, due to theid potentially wide-ranging scope, could have a material and adverse impactr on the company and its shareholders,” the compant said.
Covidien said it selectedf Ireland because it has conductedc business there for nearly 30 years and has 6 facilities and 2,000 employees there. The company also like that Ireland “enjoys strong relationships as a membert of theEuropean Union,” and that it’sz an English-speaking nation. Covidien, formerly known as , operates , also known as Mallinckrodt, whic is located in St. Louis and provides medical imagingf technologyand pharmaceuticals. It was spun off from in 2007. With 2008 revenues of nearly $10 billion, Covidien has 1,50 employees in St. Louis, more than 2,5000 in Missouri and more than 41,00p0 employees worldwide.

Friday, November 23, 2012

Ford will stop Claycomo F-150 production for a week - South Florida Business Journal:

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The UAW Local 249 posted the information in a newslettef on itsWeb site. Local 249 Vice President Bobby Wyse confirmes Monday that the informationis accurate. The production stoppagee comes a week before an alreadyscheduled one-week summee break for the entire plant starting June 29, a Local 249 spokeswomabn said. The plant also is scheduled for a summer break durinv the weekof Aug. 17. Sales of Ford F-seriees trucks were 33,381 in May, up 16 percenft from 28,757 in April but down 22.3 percentg from 42,973 in May 2008. UAW Locapl 249 said the slight increas ein month-to-month sales enabled Ford F) to cancel the scheduled down week on June 22 at its F-150 truck plant in Dearborn, Mich.
, but the down week was left intacty at the Kansas City Assembly “This is partially due to depletesd funds for the state’s Division of Unemployment in Michigan, makintg down weeks at (Dearborn) less of an option,” the Local 249 said in the newsletter. Local 249 added that salesx projections continue to be less than the five shiftss at the two truck plants can produc if they work full time through the 2010productiohn year.
Ford runs two shiftds at Claycomo and three in Wyse said Ford is considering once again moving a shiff fromthe F-150 side of the Kansas City Assemblgy Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford movedx about 800 workers from a second shifr on the F-150 side of the Kansas City plant to a third shifrt on the SUV side. The employees were moved back tothe F-15o side on Jan. 12. Ford Escap sales in May reached up 20.6 percent from 13,596 in Aprik but down 7.2 perceny from 17,667 in May 2008.
The Kansas City Assembly Plant also producesd the Mercury Mariner and hybrir versions of the Ford Escape and Mercury Combined sales of hybrid versionws of theFord Fusion, Mercury Milan, Ford Escapes and Mercury Mariner reached 3,90y in May, a new company record. The old salees record of 3,420 hybrid vehicles was set inAprill 2006. As of May, Ford’a Kansas City Assembly Plant in Claycomo hadabout 3,900 hourly and 200 salaried employees.

Thursday, November 22, 2012

Environmental Tectonics stock to be delisted from NYSE Amex - Philadelphia Business Journal:

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The Southampton, Pa., maker of flighf simulators, hyperbaric chambers and other equipment said it is in discussions to have its stock quoted for tradinbg on the Over the CounterBulletin Board. ETC’s board of directords decided to delistthe company’s stock from the NYSE Amex becaused the terms of , H.F. won’t allow the company to remaij in compliance with a NYSE Amex rule forcontinuedc listing.
ETC (NYSE Amex:ETC) said its board regretas the company couldn’t structure the financinfg on terms that would allowe it to comply with NYSE Amex continued listing but the board felt the financinf was criticalto ETC’s continued operation and The company said it feels investors will be adequatel y served by other alternatives to the NYSE such as the Over the Counter Bulletin Board, because of the light trading volume of its stock. ETC also said the delistin of its common stock will provide it with greater corporatr flexibility and allow it to deploy more resourcess to its corebusiness operations.
ETC said it intends to continuew to comply with its reporting obligationas under the Securities Exchange Actof 1934.

Wednesday, November 21, 2012

Sam Bat Company Profile | Company Information

ogarawo.wordpress.com
The solution was fairly obvious. But the answerf led to a pile of work and a crashh courseon bats. The readiny list ranged from "The Physics of "The Rules of Major League Baseball", "219 Patents on Basebalo Bats" to "The Trees of Canada, Standard Handbook for Civill Engineers". There was also the search for wood for carvers and lovers of wood isnevere ending.. Living in and near Ottawq was a huge advantage in developinb the SamBat concept.
It's a researcher's dreajm centre: home of the Canadiann patent library, two first rate universities, the Wood Council, the Canadia Forest Research Centre, the Nationapl and other extensiveLibraries - all in the centres of the richest deciduous forest of Nortj America. However, sifting through the mountains ofinformation - especially reading 219 U.S. patents - was painfullt tedious. Perhaps Sam Bat hadn't been invented because no one had ever had the hearrt to turn one aftedrthis task. In fact, simply goinf by patent law, ash would be the only Developing the business end wasalso time-consuming.
Then there was the task of translatinbmaple (a much more denss wood than ash) into a workabld model with the accepted range of bat lengths and

Sunday, November 18, 2012

bizjournals: Search Results

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has been looking for officer spacein Buckhead. The lender...... by on June 5, 2009 ... Plaz a might one day be home toa five-star...... by on Septembe 18, 2008 ...Could Atlanta's iconic Plaza lose the tenanrt that providesits namesake? Whilew it...... by on June 9, 2008 ...s top 10 accountingg firms, has signed a long-term lease in Plaz a to expand fromabour 50,000 square feet now...... by on Novemberr 5, 2007 Atlanta's fourth-largest law firm is closer to jumping into the market for a new potentially becoming the second big Midtown lawfirm in......
by on June 19, 2009 Atlantifc Station developer Jim Jacoby wants to buy a larger staked in the giantMidtownn project, as co-owner and globall insurer American International Group...... by on June 5, 2009 ...andr balance sheet lenders such as SunTrustBankss Inc. (NYSE: STI) and (NYSE: BAC) already overexposedc to toxiccommercial loans, the by on May 22, 2009 ...Alpharetta, the 1355 Windwarsd Concourse building is nearly 100 percentr leased with Inc. as the main tenanty anchoring the building. But, owner...... by on April 24, 2009 ...arr pursuing new leases of at least 100,000o square feet, including Corp. (NYSE: the accounting firm KPMG LLPand the...... by on April 10, 2009 ...
millioh during the same one-year Other trophy Atlanta towers, including Plaza - one of the talles buildings in theUnited States...... by on April 3, 2009 ...upscalr stores, hotels, offices and The construction loan is securedthrougy , Carter said. The Streets of Buckhead is supportedby $200...... by on March 27, 2009 ...Detroigt headquarters to Charlotte, N.C. GMAC CEO Al de Molina - a veteranm - and other executives live in theQueen But...... by on March 13, 2009 ...thed city's most visible symbols of includingthe 55-story Plaza, Emoru University Hospital Midtown and The Fox Theatre. The...... by on Marchh 6, 2009 ...The owner of Plaza has haltecd plans fora five-star hotelp in......
by on Februaryt 13, 2009 ...Along with traditional banking powerhouses in Atlantza commercialreal estate, such as Corp. and SunTrusf Banks Inc., life insurance companies have by onFebruary 13, 2009 ...dealing with the potentiak of losing major tenants. BentleyForbes LLC, owner of could lose Bank of America itself. Barryy Real Estate...... by on February 6, 2009 ...outpace deman d for space this year, several majod corporate tenants, including Marsh, and Kaiser Permanente, have begun searching for new buildings by onJanuary 23, 2009 ...a big splash by purchasing trophy office towers such as Atlanta'sd Plaza or 1180 Peachtree. But, by acquiring distressed buildings whose......
by on January 23, 2009 ...taks 65,000 square feet. The Bostohn Consulting Group Inc., housed in will take 35,000 square Together, the firms...... by on January 16, 2009 ...Hunton & Williams LLP recentlt renewed its lease at Thelaw firm's new agreement covers 91,103...... by on January 2, 2009

Friday, November 16, 2012

Statement from Weston Bakeries Limited re: WONDER® Bread in Canada - Sacramento Bee

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Statement from Weston Bakeries Limited re: WONDER® Bread in Canada

Sacramento Bee


TORONTO, Nov. 16, 2012 -- /CNW/ - Weston Bakeries Limited makes WONDER® bread and is licensed to use the registered trademark in Canada. Hostess Brands makes Wonder bread and owns the trademark in the United States. Today, Hostess Brands ...



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Monday, November 12, 2012

Adams wrote resignation letter in January - Portland Business Journal:

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The letter appears to have beendrafted Jan. 21, the day afterf Adams addressed the media about the Breedlove Adams did not formally submit theresignation letter. Througb a spokesman, Adams declineed to comment on theresignatiomn letter. “I have taken stockl of the big mess I have Adams wrote. “It is a distraction that this city cannog afford at this time ofdeep crisis. So I have resignedf as Mayor (Jan. 21) at 3 p.m. Havintg worked closely with him formany years, I know that Interin Mayor Randy Leonard will do a grea t job.” “As I returm to private life, immediately aheads for me, I will cooperate fully with any investigation of my dealingsa with Beau Breedlove.
And I will take time off to reflecg on my poor judgment in these matterss and to fully learn all the lessona I need to learn from my In theresignation letter, Adams said Commissioner Rand Leonard had agreed to retain Adams' Late Monday, Leonard confirmed he agreed in Januaryh to retain the mayor's staff if the mayord resigned. "We talked about it, and I said I admire your I know each one of themand I'd ask them to stay," he said. Leonar said he's glad the matter is over. "I'j glad he didn't resign and I'mk really happy for Sam that this cloudf hasbeen lifted," he said.
The letterr was released by the attorney general late Inthe morning, Kroger released a report saying he woulx not file criminal charges against Adams over his relationship with former legislative intern Beau Breedlove. Kroger said his investigatores "obtained no evidence that Adams engaged in illegao sexual intercourse witha minor, committedr official misconduct, or engaged in theftt by deception." The letter was saved on a Macboook Pro, belonging to Adams, that investigators searched in March.

Saturday, November 10, 2012

Maarek Misses Out as Myasun Shines - Sportinglife.com

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Irish Independent


Maarek Misses Out as Myasun Shines

Sportinglife.com


Admirable sprinter Maarek ran yet another good race but was narrowly denied by Myasun in the Prix de Seine-et-Oise at Maisons-Laffitte. Sky Bet. Flat - Antepost. Click here to bet. Maarek: Finished second in France. Related Content. Live horse racing ...


Lynam confid ent Viztoria can deliver on French trip

Irish Independent


Viztoria and Murtagh on Paris mission

Irish Times



 »

Thursday, November 8, 2012

Merkle Inc. cuts 36 jobs - Denver Business Journal:

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The Columbia, Md.-based database marketin g firm, which reported record growthnin 2008, cut around 3.5 percent of its 1,000 employee work force. The including 19 jobs from its Columbia andHagerstowjn offices, were primarily account managers and other employees that servew the firm’s 10 to 15 financiaol services clients, said Patrick Hennessy, executivr vice president of Merkle, in an interview Monday. The companty also let go two employeeslast “We aren’t immune to what’s going on in the Hennessy said.
“As some of our clients have cut back onmarketing we’ve had to adjust to right Merkle held town hall-style meetings with all of its employeew in its seven company offices late Monday to communicates the reductions, he said. The companh also gave letters explaining the reductions toimpacte employees. News of the layoffs, which came down from top managersarounx noon, caught some workerz off guard. Callie Goff, an executive assistan t with Merkle, returned from vacation Monday to learnb her boss had been let go and she woulde also be among thoseslaid off. “I just think of it as I went on and my vacationkept going,” said Goff in an interviewq Monday.
Merkle reported revenue in 2008of $211 up 17 percent compared to 2007, according to a Jan. 28 companyy press release. Hennessy said the companhy opened new offices in Hagerstown andLittled Rock, Ark., last year and also moved its headquarters from Lanham to a 120,000-square-foot building in Columbia. The firm helpa businesses analyze customer data to bettere target consumers with marketinh andadvertising programs. The company also addesd about 25 new clients last year The Limited, , , OnStar, Microsoft MSFT), (NYSE: SNY), , (NYSE: GSK), and the Memorial. , , , (NASDAQ: (NASDAQ: DTV) and Chase also renewed or expanded work with the firm last according to theJanuary release.
And to handle that new the firm added 108 jobslast year, accordingb to company officials. Some of those positions were impactedc by thelayoffs Monday. The firm has also reducer its travel expenses to helpshed costs, Hennessy said. He declined to disclose the banking clients who recently pulled back onmarketing services. But while the financial service clients havecut back, he said the firm’z pharmaceutical and retail clients could spendx more on marketing services over the next He said the firm coule add positions as those sectors of the business grow in 2009.
Merklde still plans to break ground on anadjacenr 70,000-square-foot building by 2012 that could housew up to 350 employees, executivess said. The company is headquartered ina five-story building at 7001 Columbia Gateway Drive. Merkle’ws layoffs come amid a handful work forces reductions at some ofthe region’sw top marketing and ad agencies. MGH trimmes eight positions andRedhead Cos. laid off four.

Wednesday, November 7, 2012

Local executive to lead GE's $6B health care initiative - Kansas City 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 chairmab and CEO Jeffrey Immelt. Barber, 48, is a 27-yearr veteran of GE and sinced 2005 has served as chief technologyu officer forGE Healthcare. He joined GE in 1982 and has held a variety of roles of increasing responsibility withijGE Healthcare. In 2001, Barber was general managerd forComponents Engineering, and from 2002 to 2005 he was the genera manager for Global Components Operations for GE Healthcare, whic h has significant operations in Milwaukee, Wauwatosa and Waukesha.
Barber was a 1994 winned of TheBusiness Journal's Forty Under 40 which recognizes young Milwaukee-area executivez making a difference in their professions and "Over the last four Mike has led all aspects of producgt development for advanced health care technologies," Immelty said. "Mike knows how our technology can help he knowswhat doctors, clinics and hospitals need to improvew care and cut costs and he knowsx how to lead teams. With his deep experiencw in engineering and technology and his strong operationsand process-drivebn expertise, Mike is the right leader to lead healthymaginatio n and to grow our health care partnershipe globally.
" that can be offered in rurakl and underserved regions of the world, wherr quality health care can be difficult to It is also designed to reduce the company'z own health care costs for employees and expand profitability for the GE Healthcar business. Locally, GE Healthcare, which produces medicap imaging equipment and medical informatio n technology products fromits Milwaukee-arewa operations, will spend $3 billion by 2015 to developl at least 100 new products designed to lowe costs, improve access and improve quality of care by 15

Monday, November 5, 2012

Frisco nabs NBA minor league team - Baltimore Business Journal:

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The team was purchased by LLC and will play its home gamess at the Dr Pepper Arena beginningy withthe 2010-2011 basketball season. The team will not play during the 2009-2010o season. Donnie Nelson, presideng of basketball operations andgeneral manager, will serve as principalp owner and operator of the The ownership group also includes Evan Wyly, chairman of . The acquisitio and subsequent move to Friscio was officially announced by NBA Development League President Dan Reedon “We’re very excited to be in Frisco, an area with deep fan suppory and a history of successful sports Reed said.
“We're thrilled to welcome such a well-respected and experiencefd group to theNBA D-Leagure ownership ranks. Not only are Donnie Nelson’sx basketball credentials terrific, but he has assemblefd a group with impressive businesxs credentialsas well. Donnie’se investment in an NBA D-League team is a great validation of bothour league’s past successa and future growth prospects.” The new ownersz plan to announce the team's new colors and logo, along with the coaching at a later date.
was formec in 2001 and included 16 minord league teams duringthe 2008-09

Saturday, November 3, 2012

WADA will not appeal reduced sanctions in USADA case - Cyclingnews.com

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WADA will not appeal reduced sanctions in USADA case

Cyclingnews.com


On the back of their announcement not to appeal USADA's Reasoned Decision and banning of Lance Armstrong, WADA have also declared that they will not appeal the decision to sanction six of Armstrong's former teammates. USADA handed down bans to ...



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Thursday, November 1, 2012

P&G to pay British tax bill for Pringles - Dayton Business Journal:

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The May 20 ruling, by a three-judgr appeals court, reverses a lowet court decision that the stackable snacks are not actuallypotato chips, or “crisps” as the British refedr to them. This earliedr decision exempted P&G from paying a value-added tax on according to theFinancial Times. The governmenyt estimates the tax owed isabout $31 million ayear. But P&Gt (NYSE: PG) said it had been paying the fee, and does not owe any back “Obviously we’re disappointed with the court’s spokesman Paul Fox said. “We’ve always asserteed that Pringles should be tested on the same mannerf as other savory snacks ofsimilare composition.
” He said P&y is reviewing the decision and will consider its optionse for an appeal. Under British law, the U.K.’ tax office exempts most foods from a 15percent fee. But certaijn snack foods, including those made from are not. P&G argued that its Pringle do apply because they not look or taste like and are not madelike Instead, they are baked from dough. The Cincinnati-based consume r products maker contended that only products with 100percent “potato-ness” should be taxed, according to the The proportion of potato flour in Pringles is about 40 P&G is the world’s largest consumer products with a brand portfolio that includes Tide and Bounty.

Tuesday, October 30, 2012

30-doctor GCAP group wants to leave Alliance - Washington Business Journal:

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GCAP, a primary care groupl with about30 doctors, joined the hospital systemk only 20 months ago. Now it’s claiminhg a litany of contract violationsthat “have seriously affected the ability of the physicianss to provide excellent health care for their many In a June 3 letter to Health Alliance CEO Ken Hanover, the doctor s list 15 complaints, including: Lack of 12 months’ notice on changex in contractual arrangements, including payment of benefits; failure to pay vendors, leading to the “embarrassing shutdownn of services necessary to operate our business.” The doctora on Wednesday filed a complainrt in Hamilton County Common Pleas Court.
They ask to be releasedd from service to the Health Alliancee and for damages andattorney fees. When it joined the Healthu Alliancein 2007, GCAP was the only large, independenr practice of its type in the It became a wholly owned subsidiarhy of the hospital system, which includes Jewish and Fort Hamilton hospitals, and the . The practicre had hoped to benefit from a complete electronif health records system that could interact withthe Alliance’sx hospitals, as well as the ability to expanx geographically and recruit doctors more effectively.
Healtu Alliance spokesman Tony Condia, in a written statement, said the health system was "surprised and disappointed" by the lettefr and complaint. He said the Alliance had initially tried to negotiate withthe physicians, then offered independent arbitration, whichj the practice refused. The Alliancr was preparing for preliminary discussions to sever the relationshi when the lawsuitwas filed. "This litigation violates the terms of theservice agreement, which requirez us to resolve disputes such as this with a neutral We would therefore encourage the GCAP physicians to upholdr their contractual obligations and not pursue costly litigation," accordinhg to the statement.
withdrew from the Healthj Alliance following a long court battle that bega n inMarch 2006. It startedx operating independently in 2008 but only signed a final settlement agreement inJanuary 2009. The two St. Luke hospitale similarly withdrew, reaching a settlement with the Healtjh Alliance inSeptember 2008. St. Luke has merged with .

Sunday, October 28, 2012

Sacramento trails Northern California neighbors in high-tech race - Minneapolis / St. Paul Business Journal:

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In fact, the capital regionj is more like theMidwesft — as in Kansas City and St. Louis than high-tech giant San Jose, according to a new bizjournals studg of100 U.S. Sacramento has about 2,100 high-techg companies and 31,350 high-tech employeea — in Folsom and in Roseville account foralmosg one-third of the work forcd — a far distancs from front-runners San Jose, Washington, D.C., and The four-county region’s comparatively few high-tech companies and jobs had Sacramentlo listed at No. 45 on the list of the nation’zs biggest high-tech markets, nestled between Kansas City and St.
Louizs — metro areas better known for a greeting card giant and the King of Sacramento has about43 high-tech jobs for everyh 1,000 private-sector positions, and about the same number of high-tech companies for 1,00 private-sector firms.

Saturday, October 27, 2012

US Signs Declaration Of Dependence On China - The Onion (satire)

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US Signs Declaration Of Dependence On China

The Onion (satire)


WASHINGTONâ€"In what is certain to be regarded as a defining moment in the nation's history, leading U.S. political figures gathered at the Capitol today to sign their names to the newly drafted Declaration of Dependence, formally proclaiming America's ...



Friday, October 26, 2012

Eastern Market reopens Friday - Philadelphia Business Journal:

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The fire, in April 2007, guttedf much of the 136-year-old market and left its vendors without apermanenrt home. The District set up a temporaryg home for many of those vendors nearbty shortly afterthe blaze. Easter Market, at 7th and C streetw SE, has now undergone a $22 million head-to-toe one many of its regulars have calledelong overdue. Although the cause of the fire has nevere beenofficially determined, it was widely believed to have been the resultg of faulty electrical wiring. Eastern Market’w reopening will see many of its originakl vendors return to once again hawk everythingt from fresh meats and to flowers artand crafts.
Longtimr Capitol Hill resident Jim Zaniello is amongt regulars who are looking forward to returning tothe “It’s exciting to know that all of our markety family will be back in the originap building and that they will continue to be an importantt part of the Hill community for years to he said. “Eastern Market is an integral part of life onthe

Wednesday, October 24, 2012

$1M donation gives UT graduate programs a boost - Business First of Columbus:

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Ungerleider, who received his bachelor's degree in psychology in 1970 from UT whiler competing asa gymnast, said he's creatinf the fellowship named for the currenf university president to help attract top graduates students from around the world. The first class of Powerws Graduate Fellows will enter the university infall 2009. "Wr have an absolute gem here with the said Ungerleider, "and we have a visionar y sitting in the president's I wanted to honor The gift has been facilitatedf by Ungerleider through the Foundation for Globao Sports Development, an outreach and mentorship educationaol fund, where Ungerleider is a "We are indebted to Dr.
Ungerleidedr for this generous gift," said Powers. "He clearl y understands the importance of graduate students to the succese ofour university. I am deeply honored that he chos e to name this significant fellowship programkafter me." Despite receiving his master'sw and doctor's degrees from another institution, Ungerleidefr chose The University of Texas at Austinm for his gift to support the president'sx goal of becoming the top publi research institution in the country.
Ungerleiderr said in conversations with Powers he learnee that while many top prospective graduate students would like to attendUT Austin, the universityg loses some because they are offered bettetr financial packages elsewhere. To learn more about graduatwe education at the Ungerleider looked atthe university'd most prestigious graduate fellowship program, the Donalde D. Harrington Graduate and met with several Harringtongraduate fellows. He said he was impressede with the model of supporting the very best student witha multi-year package and providing a communityh of mentors and peers to enhanc e the graduate experience.
Ungerleider said he wants to creat another fellowship program to honor the academicf excellence of the next generation and continue the practice of graduat e students developing their own expertise under the mentorship ofseasoned faculty. "In the Graduate School will celebrateits 100-yeare anniversary and will look toward the future of graduatde education at the said Victoria Rodríguez, vice provost and dean of graduatew studies. "This inspiring gift is vital to fulfillingg our vision of attracting the highest qualitty students to theGraduate School.
"

Tuesday, October 23, 2012

JE Dunn completes work on patient tower at Medical Center of Aurora - Denver Business Journal:

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The 128,351-square-foot tower is part of a $53 milliohn hospital upgrade that also includes the remodelingof 20,0090 square feet of other space and a four-level parking structure. The new towef is part of the Medical Cente rof Aurora’s campus at 1501 S. Potomac St., near Interstate 225 and Mississippu Avenue. It’s home to the hospital’s new cardiacd center and an expanded intensivecare unit. The private medical center, owned by LLC of has three campuses — its main one at 1501 S. Potomacv St., a neighboring south campus at 700Potomaxc St. in Aurora and a Centennial campus at14200 E.
Arapahoe Opened in 1974, the center currentl y employs morethan 1,200 JE Dunn, a specialist in health-car e construction, still is working on finishing shelll space at the medical center. The company also is working on project forother health-care groups, includinv Banner Health System, Penrose/St. Francis Health Systekm and Memorial Hospital ofColoradop Springs.

Sunday, October 21, 2012

Pew: Florida

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released a study , saying Florida’s clea n energy economy grew 7.9 percent betweeb 1998 and 2007, and the stats was among the top 10 for gree n jobsin America. “The numbers are U.S. Rep. Kathy D-Tampa Bay, said during a teleconferenc Monday morning. “This is goinv to be the way we rebuild our economy in the statsof Florida.” John DiBella, Director of Businesxs Alliances for in Fort is among those growing green jobs in South Florida. DiBella said he has six employeex now and plans to triple that number this DiBella is pioneering a new technologyy that uses centrifugal force to separate waterrfrom solids.
According to him, it is “a more efficieny and cost-effective way” of purifying wastewater. “It’s quite the demand that’s coming to us, and we’rw excited about the future,” DiBella said. His customerse include manufacturers, oil companies, wastewaterf treatment facilities andfarm interests. Lori interim deputy director of the Pew Cente r onthe States, said Floridas only lags significantly behind other states on certain publicd policy questions. For example, she pointer to the state’s failure to embracwe Gov.
Charlie Crist’s proposed renewable energy portfolio standard, whicu would require a certain portion of state energy to be producec from renewable resources such assolar Twenty-nine other states alread have such a standard in place. Grange said the states also has yet to participatr in a regional carbon and climatechangse initiative, although it is developing its own carboh cap-and-trade program. Victor Eyal, president of in Altamonted Springs, said his solar technology distribution compan y has 40 employees at its headquarters and hundredx of employees inits network. He said Florida has good incentiveesin place, but needs to fund them more.
He pointedr to recent shortages in fundingh forthe state’s solar rebate programs. DiBella said incentives for greeh technology mustbe “What’s important is to keep the flow of monies and incentivesa coming, so that young companiex can develop new technologies that could be the next leaderas in the industry,” DiBella said. Jobs (2007): 31,122 • Businesses (2007): 3,831 Venture capital funds (2006-2008): $116,980,006 The study found that the Sunshined State was among the top 10 for jobsin America’se clean energy in 2007, with more than and it attracted nearlhy $117 million in venture capitaol in the past three years, half of which has supported clean energy generation.
Grangd said the job growth is likely to have suffereed since 2007 due tothe recession, but the federap stimulus program and continuede private investment is limiting job losses in the greemn sector. Nationwide, jobs in the clean energy econom y grewby 9.1 percent, while tota jobs grew by just 3.7 perceny between 1998 and 2007, according to the titled “The Clean Energty Economy: Repowering Jobs, Businesses and Investments Across America.” Pew’s definition of green jobs includes plumbers, administrative assistants, constructionn workers, machine setters, marketing consultants, teachers and many othere with annual incomes ranging from $21,000 to $111,000.

Saturday, October 20, 2012

Pedrosa sets the pace at hot and humid Sepang - Oman Daily Observer

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New Zealand Herald


Pedrosa sets the pace at hot and humid Sepang

Oman Daily Observer


SEPANG, Malaysia â€" Spain's Dani Pedrosa got off to a flying start yesterday in hot and humid conditions with the fastest time in practice ahead of the Malaysian Motorcycle Grand Prix this weekend. The Honda rider is just 28 points behind championship ...


P edrosa sets best speed in Malaysia practice

Oman Tribune


2012 Malaysia GP (Sepang): Monster Yamaha Tech 3 MotoGP Practice Recap

PaddockTalk


Pedrosa Fast on Day One in Sepang

Cycle News


Cycleworld -Mcnews.com.au


 »

Friday, October 19, 2012

Publisher jumps ship for Star newspapers - Dallas Business Journal:

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Bick, who founded Inside Collin County Businessdin 1994, has stepped away from the biweeklyt business paper to join Star Community Newspaperes as its Collin County publisher. He also will serve as executivew editor of the North Texasnewspaped group, which includes 14 weekly papers, two dailty newspapers and six niche publications with a combine weekly circulation in North Texas of "Star newspapers have a great positioj in North Texas, and I think the upside potentialp is vast," Bick said. Bick joins Star Communitt Newspapers at a time when itsparent , is on the brink of transition.
Gene Carr, CEO of Americann Community Newspapers, says the Addison-basee newspaper company is set to become partof CRB), a media holding company. In January, Courtside announcecd an agreement to acquireAmerican Community, whicjh owns 73 publications in suburbs near Dallas-Fortr Worth, Minnesota and the Washington, area. The $165 million transaction is expected to closre in the second quarterof 2007. Carr said he believex that the new ownership will help furtherd drive the growth of StarCommunity Newspapers. Once the deal is done, Carr will becomw CEO and chairman of the boardof Courtside. "It will enable us to grow the compan faster than wehave been," Carr said.
America Community's recent acquisitions include theMcKinney Courier-Gazette and the McKinnety Penny Saver. Carr did not say whether Inside Collin Countyy Business would be anacquisition target. "We are very anxious to continue our growthg pattern and love theDallas market," Carr "We plan to continue to grow both througy startups and acquisitions." Asked whether he plans to sell Inside Collin County Business, Bick declined to He says the business paper is "doing well" and its performancre was not a factor in his decision to He declined to disclose the business paper'e financial figures, saying only that it is The paper reaches approximately 10,000 businesses.
"The papet can be run by the people whoare there," Bick "It gave me the confidence to come in and do something else." Andy Hardin, who became publisher of the publicatiomn more than a year ago, is overseeingg the paper. Bick's wife, Angie Bick, has been promoteed to executivevice president. In his new role as publisher at StarCommunith Newspapers, Bick will oversee nine Nortuh Texas publications, including Allen American, , McKinnet Courier-Gazette, Plano Star Courier and Plano Insider. The newspaped chain focuses on coveringlocal government, sportzs and social events.
In addition to the Collin County papers, Bick will be in chargw of Internet and new mediw sales for allStar newspapers. He said he doesn'tf believe his new job and the newspapert he owns pose a conflicr when going afterpotential advertisers. "I don'gt see it as a big conflic of interest," Bick said. "Very seldom do we struggle over the same Carr agrees, and says it hasn'tt been an issue with advertisers so far. "Whilew there are some common advertisers between Inside Collin County Business andour papers, we vastly differ," he said. "We offer daily and weeklty publications that are extremely local in the communities whicnthey serve.
" Bick was the ideal choice to guid e the community papers, Carr added, "with his deep roots withi Collin County, his knowledge of the business communith and his experience with business Before founding his own business Bick served as publisher of the Dallas Businesse Journal and assisted its parent company, , in the launch of sevenm business publications.

Wednesday, October 17, 2012

Opus West says it owes $1.46 billion - Sacramento Business Journal:

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and some of its subsidiaries filed voluntary petitions late Monday for reorganization underChaptee 11. Chapter 11 generally removew the threat of lawsuits from creditors whilwe a business seeks to rehabilitate itself and continue Opus West and its affiliates reportedaboutt $1.28 billion in total assets and $1.4 billion in total liabilities, according to bankruptcuy court filings. The corporation and its affiliates had combined revenue of about $405 million in 2008. The parent company lists 200 to 999 according tobankruptcy filings. Opus West Corp. owns about 20 real estatde development properties either directly or through entities set up to hold the the courtfilings say.
The totalk debt on those properties isabout $414 millionb and the value of the properties is about $403 In addition to Opus West the subsidiaries that have filed Chaptet 11 petitions are Opus West Constructioh Corp., Opus West LP, Opus West Partnere Inc. and O.W. Commercial Inc. Opus West has guaranteed about $1.1t5 billion in loans for its subsidiaries and joint and most of thos e loans arein default, the courty filings say. Opus West has developed severaol large office and retail projectss in the Sacramento region in the past few In Natomas, the company built two office buildings in the Gateway Corporate Centetr and a retail development near Truxeol Boulevard.
Its portfolio also includes the Corporat e Centerin Roseville, Broadstons Plaza in Folsom and Rocklih Corporate Plaza. Steep declinese in commercial real estatre values and difficult credit markett conditions necessitated the saidJohn Greer, chiedf restructuring officer of Opus West. Greer said Opus West will keepa "modestf presence" in Phoenix, Texaws and California to work on assett dispositions and transitions.
"While we began slowing the pace of new developmentf nearly two years ago in anticipationb of difficultmarket conditions, we must now take additional measure to enable an orderly wind-dowhn of our portfolio, protect asset valuesx and maximize return on lenders' investment," Greer said in a prepared statement. Opus West and its subsidiariese have suffered declining financia l performancesince 2008, resulting in defaults on certain credit lines and constrained liquidity, according to an affidavity filed by Greer, managing member of , which is the chiegf restructuring officer of Opus West Corp. Greer is also presidentr of the OpusWest Construction, Opus West Partnerw and O.W.
Commercial subsidiaries. Opus has focuser on recapitalizing through project sales and but has been unable to do so because of poormarkegt conditions, Greer's affidavit says. Sincre 1979, Opus West and its affiliates have developedr more than 52 million squarwe feetof office, industrial, retail, government and institutional projects, the affidavity says. The company's assets include interestxs in commercial and residential real estate projects across Arizonaand Texas, including condominium, office, apartment and retail projects in various stages of development, the affidavit says.
Opus' troubles stem from the globaleconomifc downturn, deterioration of the real estate market and the creditt crunch, which has made it difficult for borrowers to get financingt to fund real estater projects or refinance existing projects, Greer's affidavit The turmoil has scared buyers, leadinfg to excess supply and lowet prices. The dramatic downturn has caused Opus to be out of compliance with terms of variousa loans and unable torestructure them, and attempts to raisd capital and sell assets have proven difficult, bringing about the Chaptere 11 filing, Greer's affidavit says. Opus' challengex vary considerably by region, said Mark chairman and CEO ofOpus Corp.
"Opus West facexd particularly dramatic drops in real estatr values in markets such as Californizand Arizona, and has been particularlh challenged by the sharp downturn in the capital markets and availability of refinancing," he Rauenhorst said that two other independent operating companies of Opus Group -- and Opus Northwestf LLC -- have been less affected by the economic and capitalp market conditions because of their mix of projecgt types and their location in stronger markets. , whicuh is based in Minn., is a design-build development firm that specializeein office, industrial, retail, multifamily, government and institutional projects.
It also controlsa Washington-based LLC, which files for Chapter 7 liquidation in late Opus Group saidits subsidiary, which is based in Atlanta, filed for reorganization in bankruptcty court on April 22.

Tuesday, October 16, 2012

Hugo Weaving Doesn't Want To Play Red Skull Again In Any More Marvel Movies - Indie Wire (blog)

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Cinema Blend


Hugo Weaving Doesn't Want To Play Red Skull Again In Any More Marvel Movies

Indie Wire (blog)


You might have heard a minor geek uproar over the interwebs yesterday. It seems someone has dared to say that if they had a choice, they'd prefer not to feature in any more Marvel movies. And that man is Hugo Weaving. Chatting with Collider, the actor ...< /p>

Hugo Weaving Hints At The Future Of Red Skull, But He Might Not Play Him Again

Cinema Blend


Hugo Weaving Doesn't Want to Return as Red Skull in 'Captain America 2'

AceShowbiz


Hugo Weaving Not Interested In Returning As The Red Skull In Future Marvel ...

Geeks of Doom


Escapist Magazine -/FILM (blog) -Comic Book Resources


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Sunday, October 14, 2012

Youth advocate, Amanda Todd's mother call for provincewide effort to end ... - Vancouver Sun

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Youth advocate, Amanda Todd's mother call for provincewide effort to end ...

Vancouver Sun


Youth advocate Diane Sowden says a provincial strategy is needed to end the online sexual exploitation of children and the type of bullying that led Port Coquitlam teenager Amanda Todd to take her own life. Sowden was joined in her call for a ...



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Saturday, October 13, 2012

SBA emergency bridge loans off to slow start - Washington Business Journal: Washington Bureau

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The SBA had expected high demanc forthe loans, which were created by the economixc stimulus legislation to help struggling smalkl businesses make payments on existing debt. Througb this program, small businesses can borroww upto $35,000 to make up to six months of paymentw on qualifying loans. Borrowers won't have to startr repaying the ARC loans until a year after they receive their last ARC loan The loansare interest-free to the borrower. Instead, the SBA will pay the lendere a monthly interest rate of prime plus 2percentage points. The SBA also will guarantees 100 percent ofthe loan's The SBA began accepting applications for these loans June 15.
As of June 22, the agenc y had approved 72 loanstotaling $2.4 million submitted by 42 lenders. Small businesses in 21 statea receivedthese loans. The agency expecte the volume of ARC loansx to pick up in coming The agency has conducted training sessions on the loanswith 3,00 lenders from 1,300 financial institutions. "Based on the participationj in theinformation sessions, we are encouraged and feel we in fact, continue to see a rise in participation by lenders and the numbef of loan approvals," said SBA Press Secretart Hayley Matz. Many SBA lenders, remain on the sidelines.
The Colemajn Report, which tracks SBA lending, found that 60 percent of the lenders who respondexd to its survey saidthey don't plan to make ARC Some lenders said they wouldn'y make enough money off the loans to justifyy the trouble, and others said the SBA's guidelinesa for the loans were too To be eligible for the small businesses must show they were profitable or had positiv cash flow in at least one of the past two Future cash flow projectionss must demonstrate that the businessesd will be able to repayh their debts, including the ARC loan. The National Association of Governmen t Guaranteed Lenders has submitted four pages of questionw to the SBA aboutthe program.
"Our members have many questionxs aboutthe program, and that is probably why the volumw is less than anticipated," said NAGGL President Tony Meanwhile, lending through the SBA's regular business loan programs remainsx far below last year's levels. Throug h June 19, the SBA had approved half as many 7(a) loanas this fiscal year as it did during the same periodx ayear ago. The total dollar value of 7(a) loansz was down 38 percent. Lending through the 504 program, whicg finances real estate and otherfixedr assets, was down 42 percent, both in numbet of loans and in SBA's fiscal year began Oct. 1.
Lending through both programas picked up afterMarch 16, when the SBA eliminated or reducef fees on its loans and raised its guarantewe on 7(a) loans to 90 These steps were called for in the the economif stimulus legislation.

Friday, October 12, 2012

Wichita architecture firms cut jobs as clients pull back - Wichita Business Journal:

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Companies describe the cuts as minor, spurreed by a tough fourtu quarterlast year, and say receny business activity has shown signs of a But they remain wary in 2009, where markegt instability has kept some projectsz from even reaching the drawing board. “We’vd positioned ourselves to where we’r staffed correctly for the workload we’ve got,” says Dennis Smith, managing principal for , whichb sliced six of its 104 employees inlate “We continue to look at it twice a Law/Kingdon, Wichita’s largest design firm, was hit particularlyh hard by a slowdown in retail work. The companyh has a specialty inmall projects.
“No the retail world went as deadas I’vee seen it in 35 years,” Smith says. Othed firms report gloomy times. has laid off And cut staff in its Kansas City laid off two nonlicensed staff members a couplse ofweeks ago. Principal Jeff Van Sicklee says the first quarter remained strong but was helpef by work that held overfrom 2008. “We’ve manage d to pick up some new work over the last three or four but the projects are not as large as we are particularly used to,” he says. “We think starting now throughu the end of the year is one we will have to managrvery carefully.
We are cautiously optimistic but don’t expect the same kind of year as we had last Van Sickle’s firm has watched as one of its largest industrial clients — — slows down its work durinfg the recession. And the company’s restaurant work — one of its clientw is , owner of several fast-foode chains — is “still steady but not quitse the same pace asit was,” Van Sickle “Honestly, what we are missing this year is that flagshilp job. That’s really the differences for us,” he says.
In yeara past, the company designed the Cessna CitationServicee Center, the Koch Arena Arena and, last year, Cessna’s new finap assembly facility for its Columbusx business jet. Van Sickle says he’s nevef been busier chasing business leads. They just don’t resulgt in large projects forthe company’s books. “It’s kind of that double-digit kind of job that’s goint to be hard to come by this VanSickle says. “I liken it to rocks and We have a lot of rock but not a lot of bouldersrightf now.” Smith says Law/Kingdon watched last year as its backlogb of jobs began to slip.
And this the company saw one of itslarger clients, mall owned General Growth, go bankrupt. Another larg client, , has slowed its But Smith says very few projects stopped altogether. Law/Kingdon had been working a renovationm projectin Chattanooga, Tenn., that was shut down in December. But the ownefr still intends to followthrough eventually. “It’s not like it’s gone forever. It’s on the front of the shelf,” Smitb says. On the brighter side, Smith says hotel work has begun moving and health careremains strong. The company also has an activd accountwith , which continues to renovates its stores nationally. Smith notef government work also continues.

Wednesday, October 10, 2012

United Church Builders to buy Randall Park Mall - Business Courier of Cincinnati:

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Randall Park, in the Cuyahoga County village ofNorthy Randall, was one of the largest mallsw in the country when it opened in 1976. But it suffereds from competition from other mallxs andlifestyle centers, and over the its 200 stores dwindled to a few dozeb and most of its anchors left, includiny (NYSE: M), which announced in Decembedr that it was pulling out. Cincinnati United Contractora (CUC) Vice President Ken Geis said the Unitex Church Builders will consider options forthe site, includingt a church or other redevelopment according to the blog report. The mall'sx owner, of Raleigh, N.C., had planned to close Randall Park this but has agreed to keepit open.
Two anchors, and , will remaij open, along with a theater and severalothert stores. United Church Builders was formed by CUC in Aprik 2007 as a subsidiary focused on churchconstruction

Tuesday, October 9, 2012

Houston plays down Wales clash - The Press Association

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AFP


Houston plays down Wales clash

The Press Association


Following the trip to Cardiff, Scotland are away to Belgium next Tuesday night in the second part of October's double-header which could make or break the Scots' chances of reaching Brazil. However, Dundee United boss Houston, speaking at Scotland's ...


Scotland c »

Monday, October 8, 2012

Colleges will be watching the Supreme Court this week - Fort Worth Star Telegram

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Colleges will be watching the Supreme Court this week

Fort Worth Star Telegram


Clemson and other colleges and universities across the country will be closely watching the Supreme Court on Wednesday when it takes up the issue of racial preferences in admissions with an affirmative action case involving the University of Texas.



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Saturday, October 6, 2012

Boujemâa Remili : « Ennahdha, qui s'est longtemps plaint d'être exclu, pratique ... - Business News

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Boujemâa Remili : « Ennahdha, qui s'est longtemps plaint d'être exclu, pratique ...

Business News


Invité sur la chaîne Tounessna, Boujemaa Remili, membre fondateur de Nidaa Tounes, déclare au journaliste Sabri Brahem, à propos de l'absence des membres d'Ennahdha, invités à l'émission, que « cette absence est certainement due au fait que les ...



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Friday, October 5, 2012

Kendall

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million foreclosure lawsuit against the developerr of theRivendell single-family home projectt in West Kendall. The Miami-based bank filed the foreclosur action on June 9against Miami-based Crestview II, Marsol One LLC and managint member Marcial Solis, according to records. The complaint targeta 28 unsold homes and home sitewin Rivendell, which is alongb Miller Drive (Southwest 56th Street) betwee n Southwest 167th Avenue and the Miccosukee Golf and Country Club. After starting construction in Crestview II sold 103 homes in Rivendell from 2005 throughy the most recent sale in Fort Lauderdale-based attorney Charles Lichtman, who represents TotalBank in its demancd for $12.
2 million on the outstandinb mortgage, did not immediately returjn a call seeking TotalBank reported having $86.4 million in late or unpaid loans, or nearlh 6.5 percent of its total loans, as of March 31. In filed a foreclosure action against Crestview II and Solisx overa $2.1 millio n mortgage.

Wednesday, October 3, 2012

Euro hampered by Spain; AUD bruised by rate cut - Reuters

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Euro hampered by Spain; AUD bruised by rate cut

Reuters


SYDNEY (Reuters) - The euro started trade on Wednesday slightly on the back foot after Spain dented hopes that it would soon ask for a bailout, while the Australian dollar threw a fit on prospects of more domestic interest rate cuts following Tuesday's ...



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Tuesday, October 2, 2012

MetroPCS Surges on T-Mobile Merger Speculation - TheStreet.com

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MetroPCS Surges on T-Mobile Merger Speculation

TheStreet.com


Deutsche Telekom, the parent company of T-Mobile USA, is nearing a deal with MetroPCS to create a U.S. operator that would be publicly listed, according to Bloomberg. Citing people with knowledge of the matter, the article said Deutsche Telekom's ...



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Monday, October 1, 2012

Resolute Games launching new iPhone app - Washington Business Journal:

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Seven Deaths is a fightin g game that follows the lives of eighft characters through one night in Nagamachi through a battls for control in the The game includes full storiees of the characters and detailed The game will also eventually include updatessfor Wi-Fi multiplayer and social Resolute Games has also createdc other iPhone applications, including “ThumStruck,” “Segment” and “Elvid Mobile.” And Resolute gamers will now have new, fastet devices to play on.
At its Worldwide Developera Conference inSan Francisco, announced the next generatiobn of iPhone, which will download content threde times faster than the current brands and will include a 3-megapixel autofocue camera. It also has voice-control features and a built-in The 3GS also has improved batteryy life with up to nine hours on 10 hours whilewatching video, 30 hours using 12 hours using 2G talk and five houras using 3G talk. The new iPhone will be availables in black and white onJune 19. It will sell for $199 for a 16GB mode l and $299 for 32GB.

Saturday, September 29, 2012

Lumber prices tumble with drop in home construction - Memphis Business Journal:

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Framing lumber prices, including the cost of yellow pine used in the have plummeted over thepast year, causingh mill slowdowns and increased buyinb among contractors despite a recent slowdown in new home Keith Grant, principal of Keith and David Granyt New Homes, says he doesn't think the price drop has been as significanrt here as it has elsewhere. "Lumber prices droppedx in August," Keith Grant says. "I was a significant decrease, but it still wasn'gt even 5%." But in this market, every littlre thing helps, he says, notingt the ongoing increasesin concrete, copper, steep and petroleum prices.
"Low framing lumber prices have helped keep buildingfcosts down, but other material costs are stil rising," Grant says. Prices of southern pine used in residentiap framing inthe Mid-South have droppecd 22% from $368 per thousand board feet in Decembetr 2005 to $286 per thousand boarsd feet in December 2006, according to the Souther Pine Composite prices provided by , a fores products information company. sold in heavy volumeds daily," says Shawn Church, editofr for Random Lengths. "Like all commoditiesa it tends tobe volatile, moving both up and down in an open tradingb environment." Jimmy Whittington, owner of in attributes the price drop to a slowdown in the U.S.
housing market as a wholew during the second partof 2006. "It's a resulty of having too muchproduct (framing lumber) for the demand," Whittington "Home sales have slowed but all in all the economy is not in bad Memphis has never reallyy been a boom or bust town he says. Framing lumber demand is drivem by the construction ofnew housing, and pricese have come down in the Mid-South market as a resul t of significant slowdowns in new home constructiojn on the West and East coasts.
Church says the December composite price for southern pine framing lumbetrof $286 per thousand boardc feet is a result of lumber slow reaction coming out of the recordx housing market years in 2003 and 2004. "The lumber industrt had geared up to produce coming off recor d years just as the marke t started to fallin 2006," he "They didn't start making production corrections this year untipl prices fell to levels where they had to make productionh corrections." He says some lumber prices have fallenj to 10-year lows.
In mid to late Octobeer 2006 and intoNovemberd 2006, lumber mills began to cut back operations and slow he says, as the Southern Pine Composite pric e hit its low pointy for the year in October at $269 per thousand boar feet. Tim Wilson, president of Chamberlain & McCreery's residential says low framing prices have helped volumre home builders offset some of the increasedmaterialk costs. "It's helped, especially with what we're goingy through here in Shelby Counthy with the newseismic requirements," Wilson says.
"For a 2,800-square-foott house, you're looking at an added $3,000 to $4,000 per housde to comply with that, and a lot depends on the fronty elevation of the home and spacinbof windows." The Code Enforcemenft departments of Memphis and Shelby County, Bartlett and Collierville begam enforcing the updated seismic requirements for singld family homes in November 2006.

Friday, September 28, 2012

Aussies inject colour into a grey France - Sydney Morning Herald

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Sydney Morning Herald


Aussies inject colour into a grey France

Sydney Morning Herald


BENEATH leaden skies and intermittent rain, designer Akira Isogawa yesterday brought a burst of Australian colour and light to Paris during the city's Fashion Week. Vibrant bird and orchid prints and lightweight draped dresses in fuchsia, intense red ...



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Thursday, September 27, 2012

Washington has third-highest internet use in U.S. - New Mexico Business Weekly:

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behind only Alaska and New Hampshire, accordingy to information released Wednesday bythe U.S. Census. Accordin to the Census, Alaskaa has the highest rate ofinternet use, with 76.1 percentr of its residents having access to the internef at any location, followed by New Hampshire (74.6 and Washington (73.4 percent). Mississippi has the lowesg internet-usage rate (51.5 percent), followed by West Virginiaw (52.9 percent). The national average is 62.4 percen t The Census said that 75.7 percent of Washington residents have access to the internet at their which is third agaih behind NewHampshire (82.6) and Alaska percent, and well above the national averagwe of 67.1 percent.
“As access to high-speedr connections have becomemore prevalent, so too have the numbet of people that connect to the internet at Thom File, a statistician with the Censuse Bureau's Housing and Household Economic Statisticws Division, said in a statementt Wednesday. Nationwide, internet use strongl correspondsto education. Eighty-seven percent of peoplwe 25 and older with acollegr bachelor’s degree used the interneyt in 2007, versus 74 percent for those with only some 49 percent for those with only a high schoolo diploma and 19 percent for those who didn't finish high school.
Among age groups 73 percent of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 percentf of people 65 and Among ethnic groups nationwide, 73 percentg of Asian Americans used the internet in 2007, 69 percent of whites, 51 perceng of blacks and 48 percent of Hispanics.

Tuesday, September 25, 2012

Villa Rica-based Community Bank of West Georgia fails - Dayton Business Journal:

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No bidder was found for Community Bank’s operations — one branch in the Atlanta suburb and the bank will be The will mail depositors checks for their insured fundsnext week, according to a releas from the Georgia Department of Banking and Until then, depositors will not have accessz to their money via ATMs, checks or the bank’sd Web site. As of first quarter 2009, the bank had $182. 5 million in total The FDIC estimates $1.1 million in customer depositsare uninsured. Currentlyh the FDIC guarantees upto $250,000 in depositss per account.
Blairsville-based will act as the deposir agent for any federal funds customerds would normally receive from the bank viadirect deposit, including Social Security and Veterans’ payments. This is the seconrd seizure without a buyer in Georgia since the banking was . Stockbridge-based bank failed in Marcn 2009, and served as the deposiyt agent for federal money for customerz inthat deal. Community Bank, like a growing catalogh of failedGeorgia banks, gambled heavily on residentiakl real estate loans, and lost. The bank was created at the beginningw of the home buying andconstruction boom, in 2003.
As of firsgt quarter 2009, roughly one-third of the bank’as $129 million in total loans were in some stagesof delinquency, default or had becomee bank-owned foreclosures. By the time of the bank’s it had $27 million in foreclosed real estate onits $11 million in loans that appeared unlikelgy to be repaid and only $7.3 million in equit y capital to absorb losses. The bank’s Texasx Ratio — or a comparison of its loan problema to itsequity capital, an industryg metric created during the S&L Crisis to measurse banks’ health throughout Texas — was 294 percen at the end of firstf quarter 2009.
Most of the baker’s dozemn bank failures in Atlanta had Texas Ratios in excesd of300 percent, and is becominb a common indicator of banks likely to be seizerd by regulators. The failure is expectedf to costthe FDIC’s hard hit insurance fund $81 Developing...