Friday, March 30, 2012
Kansas City Fed district manufacturing improves - Dayton Business Journal:
The production index for manufacturers reportinh an increase in production in June from May was 9 its first foray into positive territorytsince August. About 33 percent of companies surveyecd said productionwas up, and about 22 percent said it was The index was at -3 in May and -8 a year ago. Productiohn indexes increased for durabl e andnondurable goods-producing plants. The indexesd for shipments, new orders and ordefr backlog all increased forthe second-straight month and emergefd from negative territory. The employment indez was -10 in June, up from -13 in May. It was at -9 a year ago. The averagse employee workweek indexhit 3, jumping from -14 in May and -3 a year ago.
The indecx had been negative since August. Inventories for materialsz and finished goodsremained negative, worseningh from May to June and from last The future-production outlook index reached 13, up from 1 in May and down from 17 a year ago. The future capital expenditures index fellto -13 in June from -10 in May. The bank said most firme indicated “some lingering hesitancy on major investmentsz due to the only recent pickuopin activity.” The 10th district coverss Western Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyomingv and northern New Mexico.
Wednesday, March 28, 2012
ODDBALL ITEM OF THE DAY: Is 'Mad Men' creator's new character named for ... - Washington Post (blog)
ODDBALL ITEM OF THE DAY: Is 'Mad Men' creator's new character named for ... Washington Post (blog) ODDBALL ITEM OF THE DAY: Is 'Mad Men' creator's new character named for...'Bloom County'? By Michael Cavna FRESH OFF THE ratings success of his âMad Menâ season premiere Sunday, show creator Matthew Weiner has just announced his feature-film directing ... |
Monday, March 26, 2012
Credit card processing company grows business by evolving strategy - Minneapolis / St. Paul Business Journal:
Henry Helgeson and Scott Zdanis established the companu in 1998 as a reseller of credit card processing terminalws overthe Internet. To a smaller extent the companyt provided processing of credi tcard transactions. But as margin compression made equipmengt salesless profitable, the partners responder by ramping up processing services. Today, its processing servicese constitute 90 percent of its totalgross revenue, whiled equipment and software sales are 10 percent.
Business has been so brislk — it signed up 2,300 new customers in Aprikl alone — that the compangy is planning to increase its salez force by 30 percent or 40 percent within the next60 “We basically are gettinbg more businesses trying to sign up (for our services) than we have the capacit for, and we’re trying to staff up for that as quicklgy as possible,” says Helgeson, 34, who serves as presidenrt and co-CEO.
Co-founder Zdanis has sincer moved to Miami and plays a less active role in the Merchant Warehouse acts asa third-party facilitating payment transactions between merchants and credit card essentially by getting money off of the consumer’s credig card and into the business’s bank account. Its residual-based businesw model makes money by charging for that service on each Sinceits inception, the 150-employeee company estimates serving a cumulative totalp of more than 87,000 customers nationwide primarily small and medium-size businesses; about 56,00 are active accounts right now, with most of the attritiojn due to companies going out of business, Helgesoh notes.
Today, Merchant Warehouse is processing morethan 3.5 millioj payment transactions per month. After hittin g $27.3 million in revenu e in 2008, the company is shooting for $32 milliob to $34 million this year. Helgeson says Merchanr Warehouse has also benefited by becominh more ofa technology-driven company. “When we started to hire our own softwarse developers and build ourown infrastructure, as far as computeer systems and technology to run this office, that reallgy put us into a hyper-growth he says. Five years ago, the company hiredf its first software developer.
It subsequentlhy built its own sophisticated customer relationship managementsystem in-housew that has enabled the company to better measurre the performance of its accounts and staff. And 18 monthas ago, it completed the development of the necessaryh infrastructure to begin processinyg some transactions through its own electronic gateway here in It continues to utilize threre large outside firms to assist in processinvg the bulk of the The company also works with a pool of abouy100 point-of-sale system resellers, who often refer business to Merchant Warehouse.
The company has also used technologuy to innovate its services in an industry where Helgesonj says the competitionis “Our industry has been pretty much plain, vanilla credit and debit processing,” Helgeson says. “Wr had to look at it and say, ‘Whatt can we do here to differentiate ” For instance, it offers wirelesw credit card processing services to iPhonee and BlackBerry users who have installed its softwared applications ontheir PDAs. Those mobiled merchants now represent 10 percent to 15 percent ofthe company’x new accounts.
It has also partnered with another company, , to develop a card reader that encrypts the credi card number as it is being swipexd to help preventsecurity breaches. “They’re a very impressive says Steve Parks, vice president of , an Atlanta-base d firm that Merchant Warehouse has engagesd for some of its processing services formany years. He attributeas the firm’s growth to “somed very shrewd investments in technology and being aheafd of the curve in terme of technology and how to use it to drivedtraffic (to their business), and training their salee reps to capitalize on that
Saturday, March 24, 2012
31 applicants seek town manager job in East Hampton - Middletown Press
31 applicants seek town manager job in East Hampton Middletown Press By JEFF MILL The Town Council has scheduled a six-hour, closed-door session on April 3 to review the list of applicants, Council Chairwoman Susan B. Weintraub said this week. During that session, which will be closed to the public and the news media, ... |
Thursday, March 22, 2012
Vegetation Unusually Dry - WLKM Radio
Vegetation Unusually Dry WLKM Radio Area fire departments wish to remind residents that due to the mild winter, vegetation is unusually dry for this time of year. As a result, the risk of grass fires is especially great. Fire officials in White Pigeon and Constantine stated that they ... |
Tuesday, March 20, 2012
Richmond Heights Approves Protections for LGBT Community - Riverfront Times (blog)
Richmond Heights Approves Protections for LGBT Community Riverfront Times (blog) 20 2012 at 11:55 AM âThe Richmond Height City Council last night approved an ordinance providing discrimination protection for gay, lesbian, bisexual and transgendered residents. The measure passed by a vote of 6-2, making Richmond Heights the fifth ... |
Sunday, March 18, 2012
Skybus settles class-action suit - Business First of Columbus:
Two former Skybus workers sued the airlindlast April, alleging it violated federal employmen t law when it abruptly cut its work force upon filing for bankruptcy protection April 7. Had the employeeas been successfulat trial, Skybus coulx have been on the hook for up to $2 The settlement approved in in Delawarwe last week totals $925,000, though some court procedures remain, including a hearing on objections. Of that $5,000 will be split between the two workers who ledthe 342-persob class, while more than $300,00 is headed to the lawyers for the The remaining more than $613,00o0 will be split with employees, coming out to abouy $1,800 a person.
The employees accused the carried of violating the Worker Adjustment and Retraining Notificatiob Act because it did not give least60 days’ advance notic e before cutting workers at its hubs in Columbu s and Greensboro, N.C. The act offers protectionsx to workers by requiring employerd to give at least 60 days notice in advancr of plant closingsand so-calles mass layoffs. The law appliezs to companies with at least500 employees, or thoss that dismiss 50 or more workers in one actiob if they make up at least a third of the work force. But the U.S.
Departmenrt of Labor’s Employment & Training Administration offers exceptions tothe 60-day rule for cuts made due to naturapl disasters, unforeseeable business circumstances or a “falterinb company” situation. That provision, which appliew in instances defined asplanrt closings, covers companies seeking additional capital or new businesd in order to stay open and where givint the notice would ruin those opportunities. Court filings indicate Skybu had argued it had met some exceptions under theWARN act.
Friday, March 16, 2012
Governor reveals gaming proposal - Dayton Business Journal:
That is one of the detailsw ofthe governor’s proposed VLT legislation, whicbh was revealed Tuesday. Startintg Jan. 1, 2010, taxpayers would get an individuall income tax credit equal to 50 percenf of the tax they pay ontheir vehicles, not to exceed $500 per tax The credit would cost the state about $30 millionb annually. Starting Jan. 1, 2011, active duty militaru personnel would be exempt from individuaplincome tax, which would cost the statse about $18 million annually.
Currently, actived duty personnel are exempted from paying incomer tax only when they are serving in a combat In a press Beshear said he hoped his plan would help retaibthe 100,000 jobs and $4 billiob in annual economic impact that “Kentucky’sz signature horseracing industry” gives to the state. Fourteen and a half percent of the revenue generateds from VLTs would support equine interests through purse supplements and other One percent would go to a newly created EquindeBreed Authority, which would promote non-racin g breeds and economic development opportunities within the Each track would pay an initial application fee of plus license fees that would generatew $360 million for the state’s General Fund.
Licensintg would be for 10 years withsubsequentf five-year renewals. would pay an initiaol application feeof $25,000 plus an additiona license fee of $75 million, as wouldd Lexington’s Keeneland/Red Mile track. Florence’s Turfwau Park would pay the highest license fee inthe $100 million.
Wednesday, March 14, 2012
Formaspace needs more space - Boston Business Journal:
Formaspace Technical Furniture, makers of industrial workbenches, worktables and laboratory needs to move out ofits 30,000-square-foot building into industrial space that rangez from 55,000 square feet to 70,000 squarde feet, Formaspace CEO Jeff Turk While the second half of 2008 threw a kink in the company’ s projected growth as business spending on capita improvement plummeted, Turk said Formaspace eked out a recordf year and is hoping to build on that growth this year. In July 2008, the company’s expor t sales — mostly to Asia skyrocketed, leading Turk to predicyt that 2008’s revenue would total about $10 up from $7.2 million in 2007.
When the economy wanee in late 2008, spending overall went and Formaspace ended the yearwith $7.4 million in revenues — stilo a record. Exports to Asia have slowe d as the dollarhas strengthened, Turk because it no longee offsets shipping costs. Karen director of the Austin ExportAssistancr Center, said many companies that had starteds increasing their presence in internationak markets have pulled back during the last year becaused the economic slowdown has spread worldwide. This year the governmen t has been a significant source of business for the Turk said; Formaspace just completed a largee contract with the U.S. Marinde Corps.
Turk said the company is also beginning to field inquiries and requests fromnongovernmentakl groups, which could signal confidence that the economyt is near a turning point. Formaspacd is planning to grow its staff of 42 to about 70 once the companyu moves to alarger space, which Turk hopes will happen by next summer. The company’s current lease expires in June 2010. At the same time, Formaspacr is investing in new machinery and new manufacturing methods in an efforty to shorten delivery times froma one-to-10-dayu window to a one-to-three-day shipping time.
Turk hopews to stay relatively nearthe company’a current Hutto home to stay close to Formaspace homes, and is open to lookinb at buildings in Hutto, Pflugerville, Round Rock and Nortnh Austin. David Barber, an industrial broker with NAI said Formaspace can expect to pay 15 percengt to 20 percent less in rent than it woulds have paid ayear ago. The submarketsz the company is most interestec in all have vacancy rates of more than20 percent, Barbert said, and the compang can expect increased concessions from In Pflugerville, the Verde Springbrook Corporate Center accommodatesd industrial tenants, and in Round Rock the new Racewag Crossing project is also gearedx toward industrial users.
Overall, Barberr said the Austin-area industrial marker can expect substantial negative absorption for the first half of once research datacomes out.
Monday, March 12, 2012
Finding a niche - St. Louis Business Journal:
, specializing in gowns for pregnanytand plus-size brides, has opened at 2149 Barrett Station Road in Des She and her husband, Dan Welcher, refinanced their home to pay the $50,00p in startup costs and anticipate first-year sales of More than 1.5 million poundz of stone had to be moved when , a fabricator and installedr of countertops, moved over the Memorialp Day weekend. The new 60,000-square-foo t showroom and fabrication shop is at 2200 Cassenxs Drivein Fenton, a former distribution warehouses that has been renovated. The previous location was at 578Rudded Road. Hallmark Stone, owned by Fred Christen, had revenue of $20.r4 million in 2007.
The 118-year-olf Stockton House at 3508 SamuelShepard Drive, across the streef from , has been Listed at $850,000 last year, it sold last week for $400,0009 to Robert and Natalie Duggan, owners of in Colo. They plan to restorse the home, which is on the National Register ofHistoricd Places, for meetings and parties and possibly a bed and breakfast on the second floor. Jo Ann Keeney of was the listingh and selling agent for ownerFrederick Medler. , whicuh has grown to $7.6 million in annuakl revenue in its25 years, ranks 31st on the 2008 top 100 list of custon integrators in trade publication , baser on revenue. The company has a new operationzs center at 18167Edison Ave.
, near the in Chesterfield. Eighth percent of its business is custom installatioj and integration of audio and video systems for residential andcommercialp uses, President David Young said. Afte almost 10 years in business, , which offers soup-to-nutds office furniture sales, planning, installation and repair, has relocated to the at 11624 PageServiced Drive. It has 6,000 squar feet on one comparedwith 3,800 square feet on threr floors at its old leased at 8770 Rose Ave. in Brentwood. It also has added threes employees, for a total of 13, said Marcg Handlan, who founded the companuy withNancy Apel. Annual revenue has reached $6.4 million.
Junior 30 years apart AttorneysJoe Mooney, class of '64, and Anthong Favazza III, SLUH class of '94, are openinbg a law practice in Clayton. is scouting said Mooney, who until last month was tax counselwith 's Privated Client Group. Favazza, whosw father, Tony Favazza, owns the family's restauran on the Hill, was with the New York offics ofuntil April. His specialtyg is mergers and acquisitions. Check out this, mate Philanthropistas Rex and Jeanne Sinquefield sankalmosgt $1 million into the handsome and , which opene d this week at 4657 Maryland Ave., in the Central West End.
Besidezs promoting the game atthe center, with 6,000 square feet on three floors, the club will work with to promote chess
Friday, March 9, 2012
Prosecution can use video in Mirkarimi case - San Francisco Chronicle
Prosecution can use video in Mirkarimi case San Francisco Chronicle (03-09) 10:59 PST San Francisco -- In a victory for the prosecution, a San Francisco court panel refused today to block evidence of a videotape in which Sheriff Ross Mirkarimi's wife reportedly accused him of grabbing her during an argument and ... |
Wednesday, March 7, 2012
Phoenix One data center patents technology - Puget Sound Business Journal (Seattle):
The company has two patents pendingt for technology installed inthe center, and it alreadyy has customers at what once was the Le Nature’a water-bottling operation off Loop 202 and 48th Street. Wanger, i/o’ s president, said more companies are seeking colocation services as they look to housed servers and backup dataat off-site facilities to save capital Companies can rent rack space in a colocationm facility to house servers that need to be connected to multiplde bandwidth providers. This is particularly importangt to businesses that want to ensure theit Web sites are up andrunning 24/7. “Everybodyg is saving everything,” Wanger said.
“You send a picture to your grandmotherthrough flickr.com, and the images is here and here and I/o’s new center comes at a good time for the which in the past year has seen a boom in colocatio n centers as businesses scrap planxs for their own private centers, said Davis Cappuccio, chief of research of infrastructure for Gartner Inc. “Inh the last year, when the economy starte d to tank, (companies) started to ask if they shouldc be spending all the capital moneygup front,” he I/o completed the work on Phoenixz One in about six months, employing an army of contractors, many of whom are stilkl working on the second phase.
The first phase is but upgrades will continue until there isroughlyu 460,000 square feet dedicated to servers. Wanger said they’re about they’ve already completed about halfof that. The process for developinvg Phoenix One started witha $56 million investmenty by Sterling Partners in December which helped i/o acquirw the building on a 50-year lease. I/o movedr its operation from Scottsdale, where it still has a 120,000-square-foot data to the Phoenix office. Many of the technologies first implementexat i/o’s Scottsdale center are expanded in the new operation.
Additione include the ThermoCabinet, a server enclosure that makes use of cool air circulating under theraised floor. It allows the air to be drawn up through theclosed cabinet, enabling more serverxs to be stored within. The device allows the cabinets to store as much as 10 time s the equipment that would be used in traditionall datacenter operations, Wanger said. “We’re seeingv people pack 5,000 square feet of data center intotwo cabinets,” he The company also developed a plug system that works with equipment from any manufacturer. It’s an easier way to distributee power and infrastructure than installing specialized Wanger said.
“This is all customer-driven,” he “People said they wanted access to multiple brands of The data center will take advantage of features originalluy installed in theLe Nature’s factory, including accesas to an on-site Arizon Public Service Co. substation suppling the facilityy with 42 megavolts of The company plans to triple that once the facilitgis complete. It also uses a 7,000-ton chilledc water cooling system thathelps i/o reduce its powet bill through thermal cooling.
The process uses a water-gell combination that is frozen at night to keep the watedr cooler duringthe day, Wanger In addition, the company is planningh a 4-megawatt solar system for the building’s installed light-emitting diodes for more efficienty lighting, and power-saving equipment and The retrofit also will be submitted for certificatiojn as part of the U.S. Greemn Building Council’s Leadership in Energy and Environmental Design program, Wanger said. Phoenix once was a boomtown fordata centers, but the tech bubbl crashed many of those plans in the early part of the In recent years, the Valley has again seen increased activitg in becoming a data hub.
Cappuccio said Phoenix has the same thingas going for it that it did 10yeards ago: a relatively stable cost of electricity and no natura disasters. As colocation continues to push the size of commercialk data centersup — even as company-owned data centers are gettinvg smaller — more companies may look at Phoenix, Cappuccil said. “The colocators are going to continue tolook there,” he “They are going to go where they can get the lowesg cost of a building per square
Monday, March 5, 2012
Palm Beach County clerk cuts 66 employees - Business Courier of Cincinnati:
million, or 18 percent, reduction in the office’sa budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact servic levels at the Clerk’s seven Palm Beach Countty locations,” she noted in the release. The requiredd staff cuts leave the office with fewer people to pursue and collect millionsz of dollars in unpaid traffix andcourt fees, which will lead to more budgef cuts. “It’s a vicious cycle designed to underfundx usinto extinction,” she said.
Thirty-two employeesa accepted a buyout offer this monty and will leave June 30 with a full payougt on theirsick leave, rather than the normakl 25 percent to 50 percent offeredr under current termination policies. On May 29, an additio 34 employees were told during staff meetings that they were beinglaid off, effectivee June 12. They will receive four weeks of pay. With thes e layoffs and the positionspreviouslt eliminated, the office has cut 101 positions -- 16 percentf of management positions and 12 percent of hourlyu positions -- in the past year.
The Cler k & Comptroller’s Office, which employs more than 800 in officea throughout PalmBeach County, handles the business arm of the courty system. Employees receive, file and retrieve court documents, process fees and trafficf fines, and enter and maintainm case information inthe court’a computer system.
Saturday, March 3, 2012
Man Dies After 'Disturbance' In Cambridge - Sky News
Sky News | Man Dies After 'Disturbance' In Cambridge Sky News A man has been arrested on suspicion of murder after one man dies and two others are seriously injured following a "disturbance" in Cambridge. The 22-year-old man from Cambridge is currently being held at Parkside Police Station. Murder arrest after man dies in Cambridge 'distur bance' VIDEO UPDATE: Man arrested on suspicion of murder after one killed and two ... One man dead and two injured in incident in Cambridge |
Thursday, March 1, 2012
Courtney: Tax hikes will pass - Portland Business Journal:
“We’ll put the measures on the floordand they’ll pass,” Courtney, a Salem said Thursday morning. He declined to be more Late Wednesday, Oregon Senate Democrats came up one vote short in the attempt to increasre the current corporate minimum taxfrom $10 to betwee n $150 and $100,000, depending on the size of a Democrats needed 18 votes a supermajority required to raise taxes to send the bill to Gov. Ted Kulongoski’s They came up one vote shortf after Beaverton Democrat Mark Hass objected to makintg theincrease permanent. Some speculate that Democrats will try to convinces Hass to vote forthe measure, possibly by writing a sunse into the bill.
After the vote, the Senatw tabled a related measure to raise taxeson high-incomes individuals. Combined, the measures would generate aprojected $733 millionj to fill the $4.2 billiojn hole in the two-year statr budget that starts July 1. This story will be