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million noncash writedown on the sale of its equitt interest in aradiology company. The West Allis-basedf radiology software and systems provider said the charg e is the result of the sale of its interesft in veterinary radiologycompany , as part of Eklin’se acquisition by veterinary services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergee (NASDQ: MRGE) will receive $1.4 million for its interest in but the majority of that will be recognized in thethird quarter. The charge, will be recognized in the secondf quarter, when Merge will also see $2.
2 million in non-recurrinfg revenue as a result of a new reseller agreementy the company reached with Elkin inJune that's beingg reassigned to VCA. Merge now expects to post net incomer for the second quarterbetween $100,000 and $800,000, comparer with a net loss of $18.2 million a year ago. The company postecd net income for the first quarter of 2009of $2.8 Excluding the noncash charge, operating incom e is expected to be $3.7 million to $4.4 compared with a net loss of $18.3 million a year ago. Revenuee is now projected to be in the rangesof $15 million to $15.5 million, comparex with $13.3 million a year ago.
Tuesday, February 26, 2013
Thursday, February 21, 2013
Michael Flannelly seeks to retain York County judicial seat - York Daily Record
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Michael Flannelly seeks to retain York County judicial seat York Daily Record Republican Michael Flannelly said today he will run for the York County judicial seat to which he was appointed last year. The Court of Common Pleas has one seat available in the May primary. Flannelly was sworn in to take the seat of the late Judge ... |
Saturday, February 16, 2013
Donate Gently Used Prom Dresses, Dress Clothing by Feb. 24 - Patch.com
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Donate Gently Used Prom Dresses, Dress Clothing by Feb. 24 Patch.com The Hope and Friendship Foundation is seeking donations of gently used or new formal and semi-formal women's, children's and men's dress clothing, dress shoes in all sizes, purses and jewelry รข€" for its fifth annual prom and dress clothing resale and ... |
Monday, February 11, 2013
GM files for bankruptcy, plans to transfer operations to Wentzville - Kansas City Business Journal:
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Some operations and equipment from a steeo stamping plant inGrand Rapids, which is slated to closs as part of the automaker's restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville plant. It' not yet known how many, if any, Michigan employeed will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambik at9 a.m. Monday to assure him the loca plant wouldremain open. "It's good that they are shippingt in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Still, Lamb i said, rival automaker Chryslert plans to shutter its Fenton factors after investing $130 millionb in them, so it was important for Wentzville to not rely on GM so much and diversify its revenue stream. When Lambi took office seven years ago, Wentzville counted on GM for about 55 to 60 percenf of itstotal Today, that's more like 15 percen t of the city's $24 millioj general fund, because GM pays the city about $3 million a year in real estatew taxes, property taxes and other fees, he said.
GM on Mondayh by the end of but the Wentzville plant was spared because it’s the only plant where Chevroleg Express and GMC Savana vans are made, The Wentzvill e plant will still undergo a previously announced and othere production cuts in June and July that will result in the layoffse of 300 workers. Monday’s Chapterf 11 filing by the 101-year-old automaketr is among the largesrin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilitiez and $82 billion in assets, according to the filecd in New York. GM to St.
Louis’ largest privateluy held company, Enterprise Rent-a-Car, and to Chapter 11, whicj allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billionm of additional taxpayer funds to restructure. The GM plan as detailed by U.S. officials would allow a much smaller GM to emergde from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinvg toeliminate 21,000 U.S. factory jobs from the 54,00 union members it now General Motorsemploys 92,000 in the United States and is indirectlt responsible for 500,000 The U.S.
government would hold a 60 percenrt financial interest in areorganized GM, and the UAW wouldc take a 17.5 percent stake. The governments of Canadwa and the province of Ontario have agreer to a 12 percent ownership stake in exchange forfinanciall aid. GM bondholders would get 10 "It’s a bittersweet Wheeler said. "You hate to have to go througyh the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibran t company we once were.
" Download a copy of the
Some operations and equipment from a steeo stamping plant inGrand Rapids, which is slated to closs as part of the automaker's restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville plant. It' not yet known how many, if any, Michigan employeed will opt to transfer to he said. GM officials called Wentzville Mayor Paul Lambik at9 a.m. Monday to assure him the loca plant wouldremain open. "It's good that they are shippingt in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Still, Lamb i said, rival automaker Chryslert plans to shutter its Fenton factors after investing $130 millionb in them, so it was important for Wentzville to not rely on GM so much and diversify its revenue stream. When Lambi took office seven years ago, Wentzville counted on GM for about 55 to 60 percenf of itstotal Today, that's more like 15 percen t of the city's $24 millioj general fund, because GM pays the city about $3 million a year in real estatew taxes, property taxes and other fees, he said.
GM on Mondayh by the end of but the Wentzville plant was spared because it’s the only plant where Chevroleg Express and GMC Savana vans are made, The Wentzvill e plant will still undergo a previously announced and othere production cuts in June and July that will result in the layoffse of 300 workers. Monday’s Chapterf 11 filing by the 101-year-old automaketr is among the largesrin U.S. history and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilitiez and $82 billion in assets, according to the filecd in New York. GM to St.
Louis’ largest privateluy held company, Enterprise Rent-a-Car, and to Chapter 11, whicj allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billionm of additional taxpayer funds to restructure. The GM plan as detailed by U.S. officials would allow a much smaller GM to emergde from court protection within 60 to 90 The automaker has not provided an updated target for job cuts but was lookinvg toeliminate 21,000 U.S. factory jobs from the 54,00 union members it now General Motorsemploys 92,000 in the United States and is indirectlt responsible for 500,000 The U.S.
government would hold a 60 percenrt financial interest in areorganized GM, and the UAW wouldc take a 17.5 percent stake. The governments of Canadwa and the province of Ontario have agreer to a 12 percent ownership stake in exchange forfinanciall aid. GM bondholders would get 10 "It’s a bittersweet Wheeler said. "You hate to have to go througyh the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibran t company we once were.
" Download a copy of the
Tuesday, February 5, 2013
Clear Channel parent posts 1Q loss on revenue decline - San Antonio Business Journal:
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(OTC BB:CCMO), formed when private equity firm s Bain Capital andThomas H. Lee Partners acquirer San Antonio-based Clear Channel last said Monday that itlost $418.2 million in the firsy three months of the year. Cleae Channel a year ago earned $799.6t million. Revenue in the quarter fell 23 percenytto $1.2 billion from $1.56 billion. The biggesrt decline came for Cleatr Channel’s outdoor advertising segment, a separatde publicly traded company, which saw revenus fall by a quarterto $582.2 (NYSE:CCO), majority-owned by CC Media, told investorss that it lost $87.9 million, or 25 centsz a share, during the quarter. That comparez with profit of $88.
98 million, or 25 cents a share, a year ago. CC Mediaw during the quarter moves to cut costsby $350 million annuallhy under a restructuring program that includedc 1,850 job cuts in Januarhy and a 590-worker cut last month. The company expectsa the cost savings to be in full by Aprilp 2010 and has cutnearly $34 million in expenseds so far. Clear Channel owns 80 radiol stationsin Ohio, sevenj of which are in Columbus, with 11 otherx in areas around Centrall Ohio.
(OTC BB:CCMO), formed when private equity firm s Bain Capital andThomas H. Lee Partners acquirer San Antonio-based Clear Channel last said Monday that itlost $418.2 million in the firsy three months of the year. Cleae Channel a year ago earned $799.6t million. Revenue in the quarter fell 23 percenytto $1.2 billion from $1.56 billion. The biggesrt decline came for Cleatr Channel’s outdoor advertising segment, a separatde publicly traded company, which saw revenus fall by a quarterto $582.2 (NYSE:CCO), majority-owned by CC Media, told investorss that it lost $87.9 million, or 25 centsz a share, during the quarter. That comparez with profit of $88.
98 million, or 25 cents a share, a year ago. CC Mediaw during the quarter moves to cut costsby $350 million annuallhy under a restructuring program that includedc 1,850 job cuts in Januarhy and a 590-worker cut last month. The company expectsa the cost savings to be in full by Aprilp 2010 and has cutnearly $34 million in expenseds so far. Clear Channel owns 80 radiol stationsin Ohio, sevenj of which are in Columbus, with 11 otherx in areas around Centrall Ohio.
Thursday, January 31, 2013
North Shore theater likely to liquidate - Atlanta Business Chronicle:
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Theater executives announced Tuesday that the financially distressexd theater has failed to raisethe $2 million it needer to put on 2009 productions, although more than $500,00o0 in pledges have been made since the theater announced a turn-arounfd strategy in mid April. “The thingh we know is that we’rwe not putting on a 2009 season. I think the very likely consequencw of that is that we will very quickly go out of saidDavid Fellows, chairman of the North Shorse Music Theatre board.
“Whethed it’s Chapter 11 or Chapter 7 — it’x completely up in the air at the Without a production season this the theater is unablr to address the substantial debts of its creditors and restore the theater’s economic health, said Fellows. The theaterd is approximately $10 million in debt, including large mortgages on its property and buildings and debtsto vendors, the Statre of Massachusetts, and subscriberx who paid in advance for the 2009 Fellows said most of the theater’s 4,400 subscribers are unlikely to get theid money returned. Subscriptions cost upwards of $350 per seat.
Theater executives are in discussionds with senior creditors and are reviewint a liquidation to maximize the valure ofthe theater’s assets for its stakeholders as well as identifh potential “friendly” buyers of the propertuy who might consider a lease back of the Fellows said.
Theater executives announced Tuesday that the financially distressexd theater has failed to raisethe $2 million it needer to put on 2009 productions, although more than $500,00o0 in pledges have been made since the theater announced a turn-arounfd strategy in mid April. “The thingh we know is that we’rwe not putting on a 2009 season. I think the very likely consequencw of that is that we will very quickly go out of saidDavid Fellows, chairman of the North Shorse Music Theatre board.
“Whethed it’s Chapter 11 or Chapter 7 — it’x completely up in the air at the Without a production season this the theater is unablr to address the substantial debts of its creditors and restore the theater’s economic health, said Fellows. The theaterd is approximately $10 million in debt, including large mortgages on its property and buildings and debtsto vendors, the Statre of Massachusetts, and subscriberx who paid in advance for the 2009 Fellows said most of the theater’s 4,400 subscribers are unlikely to get theid money returned. Subscriptions cost upwards of $350 per seat.
Theater executives are in discussionds with senior creditors and are reviewint a liquidation to maximize the valure ofthe theater’s assets for its stakeholders as well as identifh potential “friendly” buyers of the propertuy who might consider a lease back of the Fellows said.
Saturday, January 26, 2013
Mentor signs new China distributor - Portland Business Journal:
ogarawo.wordpress.com
Terms were not announced. Wilsonville-basesd Mentor (NASDAQ: MENT) makesx the software and other tools used by engineerxs to design microchips and otherrelectronic products. It recently announced that it had cutits first-quartere losses in half, a sign that the global semiconductor market is For the quarter that ended April 30, Mentorr reported a loss of nearly $13 million, or 14 cents per on $193.8 million in A year earlier it reported a $25.5 or 28 cents per share, loss on $179.
2 million in The company reported 2008 revenue of more than $800 Excluding things such as special charges and equitt plan-related compensation expenses, the company would have had earnings of 9 centw per share for the quarter. Analysts polled by Thomson Reutersd expected earnings of 7 cents per sharwon $201.7 million in revenue. Bookingws for the quarter jumped 25 percent over the previous Ruihesoft is a reseller with six branchesd around China and a sales and servicwe network with more than120
Terms were not announced. Wilsonville-basesd Mentor (NASDAQ: MENT) makesx the software and other tools used by engineerxs to design microchips and otherrelectronic products. It recently announced that it had cutits first-quartere losses in half, a sign that the global semiconductor market is For the quarter that ended April 30, Mentorr reported a loss of nearly $13 million, or 14 cents per on $193.8 million in A year earlier it reported a $25.5 or 28 cents per share, loss on $179.
2 million in The company reported 2008 revenue of more than $800 Excluding things such as special charges and equitt plan-related compensation expenses, the company would have had earnings of 9 centw per share for the quarter. Analysts polled by Thomson Reutersd expected earnings of 7 cents per sharwon $201.7 million in revenue. Bookingws for the quarter jumped 25 percent over the previous Ruihesoft is a reseller with six branchesd around China and a sales and servicwe network with more than120
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