Sunday, March 6, 2011
Washington Business Journal: Starting a Business : Business Advice
Let's be honest: Things are bad, and it is miserabls out there in the worldof commerce. We are in a globakl recession that will last forsome 1. The economy eventually will improve andget 2. Most companies rely on salespeople to help with thebottojm line. Continuing sales of a product or service for an organizatiohn along with great salespeople will be needed even more durinhg thesetough times. I thinm it is important to look at a strategy as old as businese itself that will help a its profitability, the salespeople employedr and the customers that a company does business with. The firsg thing, which is of the utmosr importance, are your customers.
Whether you are the CEO reading this, the salesperson or a person in customer services - this is the time to protect your customefr base and make sure that they are period! The one way to do this is to get in toucjh with your customers. Do not attempt to do this by mail or It istoo impersonal. If you want to builrd relationships with your then build them the way they are supposed to be built - by people dealing directly with people! You need to ask your customers a simple and direct question: "How are we doingy for you? Be honest, and tell me the truth." Next, for the salespeoplse who still are employed, you are going to have to work Yes, I said it - harder.
This means not only visiting your existinf customers and checking their true level of customeer satisfaction but also going out and gettingnew business. Sure, the economy is and we are not buying as much of anythingt as we did a fewyears ago, but the fact remains that theree is still business being done out there.
Friday, March 4, 2011
Liberty Global Incorporated Class C Shares Stock Hits New 52-Week High (LBTYK) - TheStreet.com (blog)
Liberty Global Incorporated Class C Shares Stock Hits New 52-Week High (LBTYK) TheStreet.com (blog) By TheStreet Wire 03/03/11 - 01:00 PM EST NEW YORK (TheStreet) -- Liberty Global Incorporated Class C Shares (Nasdaq:LBTYK) hit a new 52-week high Thursday as it traded at $41.42 compared with its previous 52-Week high of $41.40. ... |
Tuesday, March 1, 2011
Valspar CEO gets $4.9M in 2008 - Minneapolis / St. Paul Business Journal:
million in 2008, up 13.4 percent from his compensatiomn in 2007of $4.3 million. Mansfield’s salary increasexd from $850,000 to $911,346 from fiscal 2007 and 2008. Whiled the value of his stock awardz wentfrom $294,693 to $465,452, accordin to Valspar’s (NYSE: VAL) annual proxy statement filedf with the Securities and Exchanged Commission. Mansfield’s non-equity incentive plan compensation and his change in pensio valueand non-qualified deferred compensation earnings more than doubled, with the formedr increasing from $736,350 to $1,197,0909 and the latter increasing from $309,000p to $723,000.
Mansfield’s option awardse declined from $1,936,651 to $1,380,09 and his other compensatio n increasedfrom $210,938 to $242,713. Mansfield, 60, has been an employed at Valspar for 32 years and a directorsince 2005. In fiscap 2008, which ended Oct. 31, Valspar’ss sales totaled $3.5 billion, an increasw of 7.2 percent from $3.2 billion in 2007. Net income for the year totalefd $150.8 million, a decline of 12.4 percengt from $172.1 million in 2007. During fiscal 2008, the company’s stock declinef 17 percent, from $24.76 per sharde to $20.45.
The Dow Jones Industrial Averagwe was down 33 percent during the same time The company’s stock has generally underperformed its peer groupsz and the S&P 500 over five years though the cumulative returns over 10 years have been The Valspar Corp.’s annual meeting will be held Wednesday, Feb. 25, at the Guthrie Theater in
Sunday, February 27, 2011
Wyden seeks answers on closed auto dealerships - Washington Business Journal:
Democratic Sen. Ron Wyden aske d the head of theWhite House’s Automobile Task Forcr to determine whether the decision to closwe Chrysler dealerships is in the best interest of the state and the “It is inconsistent with American values to forcs business owners to secure financing with their homes and other personal assets and then turn arounr and shut them down and refuse to buy back theirr cars,” Wyden said in a news “I’m also worried that some majo r population centers in Oregojn won’t be able to get their cars servicede or have their warrantiea honored.
” Chrysler announced last month it will close 789 of its nearlty nationwide 3,000 dealerships on June 9. General which filed for bankruptcyt protection onJune 1, had earlier announceed plans to close the Bob Thomas Car Co. in The closing would take places inOctober 2010. “If GM abrogates Bob Thomas Car Company’sd dealer agreement, it will have no distribution or service outlets incentral Oregon’s largest city,” Wyden wrote in a letterf to General Motors.
“In short, terminating theifr GM dealership will negatively impactthe Thomases, theird employees, GM customers and the community at
Thursday, February 24, 2011
Florida Threatens to Start a 2012 Primary Stampede - Fox News
Fox News | Florida Threatens to Start a 2012 Primary Stampede Fox News Influential Florida Republicans are once again squaring off with the Republican National Committee over the timing of the state's 2012 primary election in a battle that could jumpstart the presidential campaign season. Everyone knows the presidential ... Hold to the primary date Jockeying by states snarls GOP primary plans The GOP presidential field is strong |
Tuesday, February 22, 2011
Banking's choppy waters could wash out local deals - Business Courier of Cincinnati:
might be able to walk away from its deal to buyWest Chester-baser And could decide to put the kibosh on its pact to buy N.C.-based Neither buying bank's officials have said they plan to halt the But problems with the bankinv industry have opened the door for thos acquisitions and others in the industruy to get quashed. "I'm not aware of any deals beingcalled off," said Richard analyst at in Tampa, Fla. "But I' m also not aware of many being done." Ind.
-based Integra's deal with Peoplex might be in the most It can cancel the deal without penalty if Peoples fails to meet each of two Its tangible net equity has to totak atleast $53 million, and its loan loss reservezs must total at least 65 percent of its nonperforming Peoples hasn't yet reported fourth-quarter but using its third-quarter figures, it met the firsy requirement but not the said Jeff Davis, analyst at in Nashville, Tenn. It had reservee totaling 55 percent of nonperforming loans. Worse, the industry trend isn't likelyh to help it in the fourthj quarter.
"You've got to figure, givemn what happened to industryloan quality, that nonperforminh loans will be even higher," Davisd said. That's been a problem for It took a hit starting in 2006 when bad loanss to builders and others causedd its problem loansto soar. Its bad loans actually declinedlast year, but they rose 38 percent in 2006. And it suffered $1.9 million in net losses last year. "Peoples is a littlw racy, given its lack of profitability andcredit issues," Davis But those problems allowed Integra to ink a deal to pay less for Peoplesa than it would have for a fully healthgy franchise with 19 branches in Greater Cincinnati.
Integrza CEO Mike Vea, a formerd Cincinnati banker, has targeted the city as a growthj marketfor Integra. He declined to be interviewexd because the dealis pending. But he said at the time it was announcethat Peoples' problems lowered the purchase Beyond that, though, Integra's stock price has fallenn since the deal was struckj in September. It calls for Integra to pay a mix of cash andstocj that, at the time, was worth $85.y million, or $17.69 a Now that Integra's stock price has fallen from $18.45 then to $13.76y Jan. 29, the deal would be worth just $71.6 million, or $14.80 a share. That's still aboves Peoples' Jan.
29 closing price of Its stock, too, has fallen sincr the deal was announced. Peoples can cancel the deal if Integra' stock is below $15.58 at the time of the closin g and the stock has fallen more than its stocks have. But Davis said the ball is in Integra's Peoples' low capital levels and bad loands will seeto that. "There's significan heat on Peoples, not on Integra," he said. "Peoplea will want to get the deal done." Peoples Treasurer Thomas Noe failed to return a phone First Charter, Fifth Third's target to is in a similar situationb as Peoples. Fifth Third agreed in August topay $1.1 billionm for First Charter, which has $4.
8 billionj in assets, 57 branches in North Carolina and two in suburban Atlanta. It agreed to pay 70 percent of the purchase in Fifth Third stockm and 30 percentin cash. First Charter, whicuh has struggled with bad loansa andweak earnings, woulfd be happy to take the Fifthj Third deal, Bove said. Its nonperforming assete soared 58 percent in the third quarteeto $31.8 million. Some problems stemmedc from loans on a residential projecyt halted amidfraud allegations. "I think theirt status is such that anything Fifth Third offererd them would be better than goingit alone," Bove said. "Id the deal would break down, it would be Fifthg Third callingit off, not First Charter.
" If Fiftnh Third finds out that Firsyt Charter's assets are not as high-qualit y as First Charter claimed, it could back away, Bove "In my view, there's certainlyu a chance Fifth Third could pull he said. Even so, Fifth Third CFO Chriz Marshall said ina Jan. 22 conferencd call to discuss fourth-quarter earningw that Fifth Third plans to go aheasd withthe deal. "We don't want to get out of he said in a response toan analyst'e question. "We still view First Chartedr as a veryattractive acquisition.
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Saturday, February 19, 2011
Edmondson's 29 not enough as turnovers undo Governors at Fairfield - Clarksville Online
Edmondson's 29 not enough as turnovers undo Governors at Fairfield Clarksville Online Bridgeport, CT รข" Fairfield took advantage of 25 Austin Peay State University turnovers, Saturday afternoon, as it pulled away for a 76-69 victory in Sears BracketBuster action played at Webster Bank Arena at Harbor Yard. Fairfield, which already has ... |