Monday, November 29, 2010

Business strong, but cruise terminal for Jacksonville on hold - Pacific Business News (Honolulu):

http://kitchensplusdesign.com/about.html
Since the authority pulled back on its pursuit in the infrastructure bond markeft has improved and ships are being filled with passengers despitecruise opponents’ warningt that the recession would cripple the But authority board chairmam William Mason said his priority is getting Ltd’s $208 million terminalo online, which is expected to be open at the site of the curreng cruise terminal in 2012. “I don’t think there is any chance we are going to lose thecruisre industry,” said Mason. The authority last week signeda two-yea r contract with to keep service of its 2,052-passenger Fascination.
Since the cruise ship has been running at nearly 113percentr capacity, said Tony the authority’s senior director of cruisr operations. He said Carnival has reduced ratees forthe Jacksonville-based cruis but not by as much as it has cut cruisw packages in other The cruise industry as a whole has fared well in the but Jacksonville’s cruise industry has the addef plus of being a heavy drive-to meaning passengers don’t have to buy planre tickets.
A third of the country is able to driv e to Jacksonville in 24 hours or Despite beinga drive-to Jacksonville International Airport has experienced an increase in cruise-boundf passengers, said Michael Stewart, Jacksonville Aviation Authorituy spokesman. He said about 15 percent of the cruise-goers come through the airport and the majority come in on which is a slow day forthe business-passenge heavy airport. Jacksonville Port Authority Executive Director Rick Ferrin said the latest construction of a new cruis terminal could start isApril 2012.
The cruise linesx could be diverted to a temporary terminalp while a new terminal is built and the existinhg cruise terminal could be kept open longere by making it the last structure to be demolishef to make way for the Hanjin Althoughthe authority’s call for design bids was the terminal was expected to include a 1,400-space, five-story parkingf garage and about 25,000 square feet of retaik space. The construction would createdabout 1,500 jobs and have an annualo $500 million impact on the area, said Louis a economics and geography professor, basedr on an economic analysis commissionef by the authority.
With 40 percent of passengers staying in Jacksonvillse before or afterthe cruise, hotels logged aboutg 18,000 room-nights annually, Dan King, general manager of the , said Hotels reported a 6 percenft to 7 percent occupancgy drop when cruise service stopped betweenb April and mid-September. Each cruise passengert spends about $300 in the area, said Visig Jacksonville spokeswomanLyndsay Rossman, and the Fascination has a $25 millionh impact on the area per call.

Saturday, November 27, 2010

Police hunt man who deposited bogus cheques for Rs.47 lakh - Sify

http://www.saurashtra-specialities.com/sheets/dscms_right.htm


Police hunt man who deposited bogus cheques for Rs.47 lakh

Sify


Ludhiana (Punjab), Nov 27 (IANS) A man is on the run after he was booked for trying to deposit bogus income tax refund cheques worth Rs.47 lakh in Punjab' ...



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Wednesday, November 24, 2010

Two MERC commissioners resign - Tampa Bay Business Journal:

coeragnheidur3778.blogspot.com
The resignations of Gary Reynolds and Janice Marquis come abouyt two weeks before councilorsfor Metro, of whicyh MERC is a plan to vote on a measure that would give the council more control over MERC’e general manager. The move could ostensiblyh lead to the firing of MERC Generap ManagerDavid Woolson, who’s under fire from President David Reynolds and Marquis both oppose the proposal. Reynolds, president of the Portlans accounting firmPerkins Co., mentioned the building problems between Metroi and MERC in his resignation letter. “Durinfg the economic times, my attention needd to be focused on our clientz atPerkins & Co.
,” Reynolds wrote in his letter to Bragdon. “That said, I am disappointer in the recent breakdown in the working relationshilp between the Metro Council andthe , and believee it could have been handled differently.” Marquis, a commercial real estate broker and the commission’ vice chair, didn’t mention the upcoming proposal in her lettef to Bragdon, but resigned two yearws before her term was set to end. In a lettert to Portland city commissioners earlier this Marquis and commission member Ray Leary urged the council to helpdelay Metro’s vote on the MERC oversighft matter.
Leary, Marquis, Reynolds and three of the othere four remaining MERC commissions also sent Bragdon a letterebacking Woolson. The letter came after Bragdonm questioned the leadership of MERC General Manager David The othercommission member, Don Trotter, resignede last month and will leave the board June 30. resignation takes effect June 30. Marquis’ takez effect July 15. The terms of Trotter and Reynoldes would have expired at the end of 2009 while term was to expire at the endof 2010. The Metrok Council plans to vote on the MERC measure which would give Metro the authority to hire and fire the MERC generallmanager — at its July 9 meeting.
It was introducef by councilors Rod Park and Rex who also have concernsabout Woolson’ws performance. MERC oversees the Oregon Convention the Portland Center for the Performing Arts and the Portland MetropolitabnExposition Center. Metro’s councilors are mulling a $457 millio budget for fiscal year 2009-2010. The regional governmentg serves 1.4 million people in the metropolitan area’s 25

Tuesday, November 23, 2010

Job layoffs slam educated professionals - Nashville Business Journal:

http://jaiyesfoods.com/2009/04/06/introduction-to-organic-food-from-janet-schlarbaum/
The trend is a seriousd concern, since most of these four-year college graduatesz were likely white-collar professionals beforw they turned up at thecountyt agencies, officials said. Statistics from the show therd was a 44 percent increase in the numberdof college-educated job seekers using the statewidse unemployment agencies. As worrisome as that is, the story in Sout Florida was worse. When comparingy June 1, 2007, through May 31, 2008, to June 1, through May 31, 2009, Broward led the with a 69 percent increase. Palm Beach Counth was second, with a 59 percent increase. Miami-Dadse had a 52 percent increase.
“Thix recession has been an egalitarian recession,” said Mason president and CEO ofWorkforcs One, Broward County’s employment Workforce One has even seen some former white-collar professionales drawing food stamps, Jackson said, though he could not providde specific data on the total. “I’ver bumped into a few myself that I did not expectg tofind here,” he said. The data isn’t completes and the story variesby county, but it’ clear that professionals in financial servicesz were among the hardest hit.
Last year, thosde in real estate and relatedx professions wereaffected first, said Richard spokesman for South Florida Workforce, the agencg that services Miami-Dade and Monroe counties. But, as time went on, the agencg started to see more peopld from the financialservices sector. “As the financialk crisis evolved, the numbers just got largee and larger,” Clarke said. County unemployment offices are steppinf up to deal with the problejm by increasingexisting services. in Palm Beach Countyy has seen a jump in the number of professionals using its workshops that focus on job resume writing andinterview skills, spokeswoman Holly Finch said.
The agency is trying to emphasize the valu e of networking by hosting events where job seekers can minglse andmake contacts. While in transition, seekerxs are encouraged to become long-term participants at networking events, she added. Workforce One is emphasizinh the Professional PlacementNetwork (PPN), a program that helpsz professionals hone their job seeking skills and network. In orde r to get into the program, job seekers must have held a managemenr position for at least five yearxs or havea four-year college degree. About 2,500p people will have completed the program in the past year by the end of this PPN coordinator VernonBailey said.
Not only will this year’xs expected number of PPN participantss comprise 25 percent of the total that has gone througj the program overits seven-year it will be a 56 percen t increase over last year’s 1,600 participants, Bailey As stimulus dollars trickle down from the American Recoveryh and Reinvestment Act, some of that money will be passed through the workforce agencies to fund job seekerse going back to school. If a job seeker was laid off from a positio n as a realestate broker, the agencty may use the stimulus fund to send that person to nursinh school, South Florida Workforce’s Clarkr said.
Nursing is still an in-demand whereas South Florida has plentg of realestate brokers, he South Florida Workforce is getting abougt $21 million to fund its existing trainingt programs. Of that amount, about $13 million will go toward retrainingg workersin transition. About 70 percent of that will go towarxdretraining white-collar workers, Clark e estimated. “That’s going to be where the bulk of our dollare are going to be allocatedmoving forward.

Sunday, November 21, 2010

On the spot for carbon cuts - Charlotte Business Journal:

http://hisnameisrobz.com/2009/07/16/bape-x-eames/
“This needs to happen from a business perspective,” he “We may not have a perfect but it’s historic nonetheless. The business story is one of the most interestinv angles of theclimate legislation.” The energy bill workec out by U.S. Reps. Henru Waxman and Ed Markey cleared the House Energy and Commerce committeedthis week. It woulf distribute some carbon-emission allowances to utilities forfree initially. Reduction targets for carbon emissions by 2025 have been cut to a leve equalto 17% of that of instead of the 20% goal initially proposed.
The legislation has supporft from the Environmental Defense Fund and otherr important groups active in combatingbglobal warming. Waxman predict the House will adopt the billthis summer. But divisionse remain on our national response to achanging climate. Dr. James Hansen, a climatologist and leadingt proponent ofcarbon controls, opposes it, as does . Congressmenm from both parties continueto object. Republicans plan hundredds of amendments, including some aimed at raising taxez on companies that supporrthe cap-and-trade system at the heart of the And some industries remain unconvinced. The opposes the So does the .
Hank Cox, a spokesman for the , says his groupo hasn’t taken a position on the Waxman-Markey But NAM is concerned “it couldc be a body blow to the economty if it leads to too rapid an increas inenergy prices,” he says. NAM had extensive discussionsa with Rogers and representatives of othet companies that supportcarbon controls. But it remainas unconvinced. Duke withdrew from the group in part becausrit woudn’t back the legislation. Hendricks says opposition by the U.S.
Chamber and NAM, usually touchstoned for the moodof business, shows the organizations are out of touchy with key industrial players on this “We don’t do any favors for Americanb business by looking the other way on carbom issues,” he says. China is spendiny almost twice what the United States pland annually ongreen “We need to make sure the interests of businesse are aligned with the futurr growth of the economy.” The U.S. Chamber and NAM have missedd the boat, Hendricks says. Business is moving on, and the bill is movinb forward. And the Rogers spot continues to run.

Saturday, November 20, 2010

'Whaddaya Got?' Finding Graphic Novels in an Academic Library - Publishers Weekly

http://collegeessayswriting.com/essays-on-literacy-winning-strategies/


Publishers Weekly


'Whaddaya Got?' Finding Graphic Novels in an Academic Library

Publishers Weekly


Another discovery tool is the Library of Congress Subject Heading (LCSH): a string of terms that describe the content of a book, and can direct readers to ...



Thursday, November 18, 2010

Express Scripts files suit against Intel - St. Louis Business Journal:

http://www.axionova.ru/soedinenie_polimernykh_trub_v_samotechnykh_truboprovodakh.html
The letter, dated April 30 and included in thelawsuir filing, states that Express Scripts’ use of the Intellacft name is likely to “deceivre or confuse consumers” as to the source of the services and “suggesg some affiliation with Intel that does not In its suit filed May 22, Expreses Scripts claims that such confusion is not likely since Expressz Scripts provides pharmacy benefigt management services and Intel is in the semiconductor chip According to the suit, Intel claimas that it owns all rights to names that contaijn the root of the word “intelligent.
” However, the has issuedd more than 100 trademarks for names that contain the term in some form, the suit states. Express Scripts allegesa that Intel “does not own exclusivde right” to use the term “Intel” as a componentg of a trademarked Express Scripts, a pharmacy benefits management firm with its headquarters on the campuws of the -St. Louis, is being representefd in the suit by Ameer Gadoof . A company spokeswomanj said the company does not comment onpendinvg legislation. Express Scripts, led by President and Chief ExecutiveGeorge Paz, reportede $21.98 billion in revenuwe in 2008. Santa Clara, Calif.-basedd Intel had $37.6 billion.

Wednesday, November 17, 2010

Commissioners OK $345K in Banks change orders - Business Courier of Cincinnati:

http://mahq.org/Summer10_Registration.html
“Nobody likes change particularly in this said Project Manager John He briefed the panel on the extra chargew during the same meeting where commissionersapproved $6.1 millionm in spending cuts from the county’xs 2009 general fund budget. Change orders are contracyt revisions that pay vendors for problems encounteredduring construction. The orders covered by Wednesday’s vote amount to half of the roughlyt $700,000 in change orders incurrerd by Banks contractorsto date. That $700,00 represents 2.1 percent of the $32.76 million in Banks contactsw awardedto date. “It’ a good rate compared to the national averag of over10 percent,” Deatric k said.
“But we’re still pressing to try to minimizethesse things.” Despite the additional spending, the Banks project is about $3 million below its first-phase budget estimate of $92.t5 million. The project achieved savings when constructionm bids came in lowerfthan expected. Since every change order eats away at those savings, Deatrick is working on ways to preventiob future problems. The largest change ordeer so far involved a new section of Freedomj Way that will connect Race Streetto Elm. When Baker Concrete tried to connect the new stree t platform to the existingRace Street, they foundc metal connectors, buried in the were too rusted to use.
So, they had to take out thoses connectors andreplace them, at a cost of

Monday, November 15, 2010

Workers at Doctors hospital vote to join new union, dump SEIU - San Francisco Business Times:

http://homesauto.com/Kenworth/Kenworth-T-300/
NUHW is an SEIU splinter group headef bySal Rosselli, the former longtimwe president of SEIU’s Oakland-based United Healthcare Workers West The newbie union said Thursday that hospita workers at Doctors Medical Center votecd by 158 to 24 to replace SEIU with Rosselli’s new unioj in secret balloting that was certified by the . Sevehn hospital workers of aboug 290 represented by the bargaining unit votedfor “No Union,” according to NUHW. But SEIU United Healthcare Workersd West, in a separate statement Thursday, said it is protestinh the decision by the Public Employment Relations Boar d to allow a decertification electiobn at the SanPablpo facility.
SEIU said the state board “issuedf its ruling in the face of clearr violations oflabor law” by the hospital’se management and the rival NUHW in effect claiming management and Rosselli’s new unioh are working in cahoots to decertif y SEIU. “Management gave NUHW a free hand to organize in our hospitapl and to confuse our members about who theif unionreally was,” Martha an SEIU supporter at Doctors, said in its In a battle of press release however, a pro-NUHW worker at the hospitalk made the exact opposite argument.
“We’rse so excited to be in control of our ownuniobn again,” said Duka Ristic, an ultrasonographer at the hospitaol for eight years. “NUHW is led by the local healthcare workerxs and leaders we knowand trust, who helped us raiswe standards for our patientes and keep our community’s hospital open.” SEIU ousted Rosselli and other formeer UHW leaders early this claiming various improprieties, but the new NUHW claims that nearly 100,000 workers statewide have petitionedf to leave what Rosselli’sd group calls “the scandal-plagued and join the new union.
The breakaway unio n says SEIU has filed hundreds of frivoloues charges with state and federal labord boards to delay elections at more than 360 notingthat so-called “blocking charges” are a tactid commonly used “by employers and union-busting consultants” to stall union-representation elections. Gisela Hernandez, a spokeswoman for the hospital, told the San Francisco Business Times it had no preference inthe inter-uniohn smackdown. “We’re completely neutral on this,” Hernandez “We’re letting members go through the process” of choosin their union representation.

Sunday, November 14, 2010

Madoff gets 150 years in prison - Houston Business Journal:

gorbunovabowiper.blogspot.com
“I’m not surprised. That’s what he deserved,” said Adel Fox of Tamarac, who lost thousands of dollardto Madoff's scheme. The mastermind behine the biggest Ponzi schemein U.S. historg was sentenced on Monday morning in federal courtg in Manhattan to 150 yearsbehind bars, the maximunm requested by federal prosecutors. Madoff'z attorney had asked for a far more lenient sentencee of12 years. In sentencingf Madoff, U.S.
District Judge Denny Chin called the fraud and said thatthe “breach of trust was The judge described his acts as “extraordinarily “No other white-collar case is comparable in termz of the scope, duration and enormity of the fraud and the degree of the betrayal,” Chin said. Madoffc confessed in March to 11 counts including money laundering theftand perjury, amongv other things. His victims reportedly number morethan 1,300 and stretcbh across the globe.
Their lossese are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victimxs who talked about the devastation Madoff’s fraud had caused to their lives and their Many of Madoff’s wealthy clients livec in South Florida and lost their life savings to his Fox, 86, said she is still furious that the and the federalo government didn’t expose Madoff’s fraud earlier. “The SEC is just as guilth as Madoff and theyfailedc us. Nobody seems to do anything about it,” Fox She also took issue with the largee fees being paid to people such asIrvingh H. Picard, the trustee who is handling the liquidatiob ofBernard L.
Madoff Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It woulf be better to pay the investors directly,” Fox Fox, a widow who once worked as secretar inNew York, said she investes $50,000 in 1987 because she was relatee to Madoff’s accountant, Jerry Horowitz. She said she was able to get some mone y back from Social Securitypayments she’d made over the yearas on “phantom” income from Madoff accounts.
she is worried that her disbursements may eventuall y be targeted in clawback efforts by the trustee in bankruptch proceedings who has begun sending out letters demanding the returbn of profits derived fromtheit investments. Guy Fronstin a Boca Rato attorney who hasadvised Fox, said the government has “beenj good about refunding taxes quickly” but there are delayxs in processing claims to the Securities Investor Protectiom Corporation.
“Some of the people I know are too busy with thesw other issues to reallg care that much about what happened They believed he would spenrd the rest of his daysin jail,” Fronstin Jan Atlas, an attorney with Adorno said he believes the court had littld choice but to levy the maximum sentence on Madoff. “I don’t think the victims shoulx have been victimized again by havinb him be able to leave prison one said Atlas, whose firm continues to advisw clients about tax returns and possibly futurw claims against investment advisors who invested with Madoff.
“I’mk wondering if the trustee will be able to locatde more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 billion, whic h represents the proceeds of, and property involver in certain of his crimes, accordint to a news release from the U.S. Departmenyt of Justice. “While today’s sentence is an important the investigationis continuing,” Lev L. Dassi, acting U.S. Attorne y for the Southern District of New said in anews release. “We are focused on restraining and liquidating assets to maximiz recoveries forthe victims.

Friday, November 12, 2010

County approves financing for Marlins stadium - Charlotte Business Journal:

http://www.saabautosclub.com/glass-mount-cellular-attenna-removal
million gap in bond funding for a baseball The 9-3 vote clears the way for locking in the interesyt rate on the fixed-rate bonds and construction of the much-debated and long-awaitex stadium in Miami’s Little Havana. The park is supposefd to be finishedby 2012, with preliminary constructio n work to begin Wednesday. Commissioners voted aftedr midnight Wednesday to allow for a higher cap on one of the bonds beinfg sold in order to cover the county’s commitment on the $640 million stadiumk and infrastructure. The 7.5 percentr interest rate cap was changeto 8.2 percent on the bond tied to conventio n taxes.
The fact that the convention bond will sell at a highetr interest rate will result in lowef revenuefor Miami-Dade, County Manager George Burgess explainede to commissioners. That created the need for more so Florida Marlins Presidengt David Samson promised to coverthe $6.2 millionb funding gap. As a result of the the county is on the hookfor $342 millionm in short-term financing, instead of $347 million. "I feel comfortabls with the agreement. The Marlins will step up to the platwe and pay theadditional $6 At the end of the day, the taxpayerd are not going to be on the hook for the additionakl monies,” Commissioner Bruno Barreiro said afteer the vote.
Katy Carlos Gimenez and Sally Heymanb were thethree ‘no’ votes. The debate starter at 7 p.m., but stopped at 9 p.m. to allos attorneys to make changes in the financing The second chunk of bondes which carry a variable rate will be pricedf startingJuly 13, with finall closing on the county’s portion of the bond financinh package set for no later than July 14. Earlierd Wednesday, commissioners approved a change thatraised ’zs status as a creditor in the financingf package. Wachovia, which is providing up to a $100 millio letter of credit, requested that it be paid first fromthe county’w list of creditors.
The votes on Tuesdaty and early Wednesday morning followed two other big OnJune 19, city commissioners votecd to approve the necessary changes to the Marlins package to cleae the way for the county’s changesw Tuesday. A circuit court judgse also ruled in favor of the county in one counr of a civil lawsuit that could have prevented the count from selling the necessary bonds to buildthe project. That case is on appeap in Miami, as is a lawsuit filed by auto dealefNorman Braman, who last Novembe lost his legal bid to declare the stadium’s funding plan Work on the baseball stadium site is set to begijn Wednesday. Crews will officially break ground onJuly 18.
In county commissioners approved issuing bonds totalinv a maximumof $536 million toward construction of the $640 million, 37,000-seat ballpark.

Thursday, November 11, 2010

Report: Boston pop. to rise 400k by 2025 - Boston Business Journal:

http://techlifeboat.org/?m=200903&paged=2
That’s why bizjournals is issuing its own populationn projections forthe nation’s 250 largest metropolitan areas, looking as far ahead as 2025. Bizjournalss analyzed recent county-by-county growth patterns within each state, and then used that informatiojn to predict metropolitan growthat five-year intervals between 2005 and 2025. No one can forese e all of the economic twists and demographic turns that the comingg two decadeswill bring, but bizjournals’ projections suggest a rangde of intriguing possibilities. Here are some possibilities ofparticular • Boston will have adderd roughly 400,000 residents in the 20-yeare span ended 2025, with a totak population topping 4.
84 million That should be good enough to rank the city as the country’e 12th-largest, based on bizjournals’ projections. As of Boston was ranked as the 10th largesf city in theUnitec States. By comparison, the city of Worcester, Mass., is expectedc to slip 11 spots in the rankings falling fromthe country’s 64th largest city to its 75th by 2025. That fall wouled come despite a projected 5 percent increasein Worcester’s population, which is expectef to reach just over 813,00p0 by 2025. • Barnstable, Mass., tied for 10th amongy the cities expected fall the farthesgt inthe rankings.
The city, with a populatiomn of roughly 219,000 in 2005, is expected to slip 6 percengt by2025 — pushing Barnstable down 39 spots to 227th in the largest-cityh rankings. • New York City will retain firsgt place by acomfortable margin. The nation’ds largest metropolitan area isthe 23-countu New York City region, which spillsw over into Long Island, New Jerseyt and Pennsylvania. It had 18.8 milliob residents in 2005, according to U.S. Censud Bureau estimates. No. 2 Los Angeleds was far behind at 12.8 million. Los Angeles is growinvg more rapidly thanNew York, but not fast enoug to close the gap appreciably. The two giante will still be separatedby 5.
8 million people in when New York has 19.8 millionb residents and Los Angeles has a shades more than 14 million. Houston and Atlanta will climb into thetop six. Houstonj was the nation’s seventh-largest metro in and Atlanta was No. 9. Both will be moving highefr incoming years. Houston is projected to shoor up to fifth place by addingalmost 2.6 million peopl e to reach a population of nearly 7.9 million. Atlantaq is ticketed for sixth placeat 7.3 The top four metros, by the way, will maintai precisely the same order over the 20-yea r period: New York, Los Angeles, Chicagop and Dallas-Fort Worth. • Detroit will drop out of the top 10, with Phoeni replacing it.
Detroit and Phoenix are two of the most economicallhy troubled areas inAmerica today, but theier future prospects are considerably different. Detroitf is the only metrop expected to slip from the top 10 durin g the nexttwo decades. It’s projectexd to fall from 10th place in 2005 to 14th placewin 2025, losing 59,500 residents during that Phoenix, on the othedr hand, is likely to bounce back stronglg from its current problems. Its projected 2025 population of 6.9 million will elevatew it to seventh place, up from 13th in 2005. Raleigh will set the fastest pace of anymetropolitann area. The three-county Raleigh metro will virtually doubl e its population during thestudy period.
It had 953,009 residents in 2005, but shoulxd be closing in on 1.9 milliomn by 2025.

Wednesday, November 10, 2010

WorldPerks miles phase-out starts Thursday - Atlanta Business Chronicle:

kittredgeihuhyla1951.blogspot.com
Thursday marks the month-long phaseout of the and the latest installment of a marketin warbetween , which runs the WorldPerks affinithy program, and , which runs ’s SkyMiles program. When Atlanta-baserd Delta (NYSE: DAL) acquired Northwestr in October, the two companiesz said their frequent-flier programs would be merged in late effectively dumpingthe U.S. Bancorpp program. WorldPerks cardholders will stop earning miles from creditg card purchases on a date over the nextmonthb that’s determined by their billing cycle. Customers who switchedx to the Delta SkyMiles American Express card will continue to earn miles unde rthat system, said an American Express spokeswoman. U.S.
meanwhile, has gone its own way, changintg WorldPerks customers over to its FlexPerks Travel Rewards Visa cardzin May. Both U.S. Bancorp and Delta-American Expresz have been campaigning heavily in the Twin Cities markey to courtWorldPerks customers.

Monday, November 8, 2010

This Bauer bankruptcy traces back to Spiegel events - San Antonio Business Journal:

zemlyanikiyri.blogspot.com
In 2003, , which had owner Eddie Bauer since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear cataloyg gave its creditors its stake in Eddie So, in 2005, Eddie Bauer emerged as a stand-alone compan y for the first time in 34 years. The companyt also emerged witha $300 million senior secured term loan agreementg with lenders and the task of rebuildingh a brand that had drifter away from the company’s roots. Under Spiegel, grew from 58 to 399 retail store and from three to102 outlets. The company also added internetr sales.
But it also was a time when the Eddiee Bauer brand lostits focus, as the company shifted from its heritags as an outdoor outfitter to a seller of casuao clothes targeted primarily at women. Company executives have said the debt terms from the Spiegel bankruptcy case have continues to hamper efforts to turn things aroundr atEddie Bauer. Despitwe efforts to recapture some of the old Eddie Bauer has not been able to establisuh a sustainable run ofprofitablde quarters. The company racked up nine consecutivs quartersof loses, and has seen losses of nearluy a half-billion dollars in the past threr years.
The struggle becamr a financial crisis as the recession has worsened and consumerws haveslowed spending.

Sunday, November 7, 2010

Breeders' Cup CEO Optimistic about Quality despite Reduction in Number of Horses - The Flump

http://routergeek.net/content/view/32/37/


Breeders' Cup CEO Optimistic about Quality despite Reduction in Number of Horses

The Flump


2010 Breeders' Cup has witnessed reduction from 31 to 21 non-US horses. However, the quality of horses this year is much better than any time in the past. ...



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Friday, November 5, 2010

NorthMarq adds 6 properties - Minneapolis / St. Paul Business Journal:

http://goldenlyon.com/costen.html
The six properties include Calhoun Square inUptown Minneapolis, Southdales Square in Edina, The Shoppew at Oak Park Heights, Plymouth Town Center, Fountain Place in Eden Prairie and Fischer Marketplace in Apple Valley. NorthMarq, a Bloomington-baserd commercial real estate firm, hired four new peopler to help managethe properties. NorthMarq, which is the Twin largest commercial propertymanagemeny firm, has increased its retail management portfolik by 25 percent over the past year, said Jeff president of the company’s real estate serviced division.
Calhoun Square, which NorthMarq started managinhin November, is currently undergoing renovations to its building and parkingh ramp that are expected to be finished in 2010. “It’sz a challenge to take over managemen t of a property during a perioe ofextensive renovations, but we’re confident that NorthMarq’sx personnel will make the transition as seamlesss as possible,” said Erik Grabowski, vice president of asse t management at New York-based investment managemeng firm , which owns Calhoun

Thursday, November 4, 2010

Dinsmore, Woodward in Louisville discuss possible merger - Houston Business Journal:

batyushkinuxit.blogspot.com
The firms have not struclk a deal, but they have had “serioux discussions” regarding a potential merger since latelast year, said Jon managing partner of Dinsmore’s Louisville in a report by Louisvilld Business First, a Business Courier sisteer paper. Dinsmore has more than 400 attorneysx in 10 offices in four according tothe firm’s Web while Woodward Hobson & Fulton has about 55 attorneyd in Louisville and Lexington. Donna King Perry, managing partner of Woodward Hobson, declined to comment on the possibilit ofa merger.
George Vincent, Dinsmore’s managing directorr and chairman of the boardof directors, could not be reachexd prior to Business First’s press deadline. The merger negotiations currently are on hold becausd of ongoing litigation that pits Dinsmore and Woodward Hobsonj clients againsteach other, Fleischaker said. Joining the firms wouldx create a conflict of He added that thered is no guarantee that the firms will agree to mergee once there is a resolution to the pending which he declined to discussin detail. Though officials of the firms did not describ e theongoing litigation, Woodward Hobson and Dinsmore attorneys were involved in a recent, well-publicized case in Louisville.
On June 9, Norton Healthcarr Inc., Woodward Hobson’s client, was ordered to pay more than $4 millio n to a local anesthesiology practice, Anesthesiology Associates PSC, which Dinsmore represents. A Jefferso n Circuit Court jury determined that the nonprofitg hospital company breached its contractg with AnesthesiologyAssociates PSC. But the case is not Norton plans to appealthe verdict, said Stevee Menaugh, vice president of public relations and communicationes for Norton. Fleischaker said a merger with Woodward wouldstrengthem Dinsmore’s Louisville office in termws of the number of attorneys and aread of expertise.
“It would make for a bigger platformjfor us,” Fleischaker said. In particular, he sees an opportunityy to expand thelocal office’e corporate practice and its estate practicde — two areas in which Woodward is solid. Both firmzs have a large labort andemployment practice, Fleischaker said, so those would mesh well together. If a merger were to he anticipates that the two Louisvillse offices would be consolidated in one location atsome point. Dinsmore’w Louisville office is currently is located in the PNC Plazs at500 W. Jefferson St. Woodward Hobson Fulton has offices in the Nationalp City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No.
7 on Businesse First’s Nov. 14 list of the area’s larges law firms, which was ranked by the number of local The firm had 39localp attorneys, and its practice areas includd labor and employment law, business organizations and estate planning, torts and insurance and produc t liability. Notable clients include CSX Transportationn Inc., the University of Louisville, Brown-Formaj Corp., Louisville Water Co. and ZirMes Inc. Dinsmore & Shohl was ranked No. 9 on Business First’sw list with 30 locap attorneys. Its practice areas include labor and health care, commercial telecommunications, appellate law and media and first amendmen law.
Dinsmore’s notable clients include AllstatwInsurance Co., Bluegrass Cellulafr Inc., The Louisville Courier-Journal, the Kentuckty Press Association and Mylan Pharmaceuticalx Inc.

Tuesday, November 2, 2010

Credit card processing company grows business by evolving strategy - Minneapolis / St. Paul Business Journal:

mcfarlainofuqub1258.blogspot.com
Henry Helgeson and Scott Zdanis established the compan in 1998 as a reseller of creditt card processing terminals overthe Internet. To a smallet extent the company provided processing of credit card But as margin compression made equipment sales less the partners responded by ramping upprocessing Today, its processing services constitute 90 percent of its totak gross revenue, while equipment and software salesz are 10 percent.
Business has been so briso — it signed up 2,300p new customers in April alone — that the company is planning to increase its sales force by 30 percent or 40 percentf within the next60 “We basically are getting more businesses tryingt to sign up (for our services) than we have the capacityu for, and we’re trying to stafdf up for that as quickly as possible,” says Helgeson, 34, who servew as president and co-CEO. Co-founder Zdanis has since moved to Miami and play a less active role inthe company.
Merchant Warehous acts as a third-party facilitating payment transactions between merchants and crediftcard issuers, essentially by getting money off of the consumer’zs credit card and into the business’zs bank account. Its residual-based business model makesx money by charging for that service oneach transaction. Since its the 150-employee company estimates servinbg a cumulative total of morethan 87,000 customerss nationwide — primarily small and medium-siz businesses; about 56,000 are active accounts righg now, with most of the attrition due to companies goint out of business, Helgeson notes. Today, Merchan Warehouse is processing morethan 3.
5 million payment transactionse per month. After hitting $27.3 million in revenuwe in 2008, the company is shootingt for $32 million to $34 million this Helgeson says Merchant Warehouse has also benefitec by becoming more ofa technology-driven company. “Whenn we started to hire our own software developers and builxd ourown infrastructure, as far as computer systemz and technology to run this that really put us into a hyper-growth mode,” he Five years ago, the company hired its firsft software developer.
It subsequently built its own sophisticatedf customer relationship managementsystem in-house that has enablede the company to better measurer the performance of its accounts and staff. And 18 montha ago, it completed the development of the necessary infrastructurr to begin processing some transactions through its own electronic gateway herein Boston. It continues to utilize threre large outside firms to assist in processing the bulk of the The company also works with a pool of abourt100 point-of-sale system resellers, who often refer business to Merchanr Warehouse.
The company has also used technologt to innovate its services in an industry where Helgeso n says the competitionis “Our industry has been pretty much plain, vanillw credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiat e ourselves?’ ” For instance, it offerzs wireless credit card processing services to iPhone and BlackBerry users who have installed its software applications on their PDAs. Those mobilre merchants now represent 10 percent to 15 percent ofthe company’zs new accounts.
It has also partnered with anothert company, , to develop a card reader that encrypts the credift card number as it is beint swiped to help preventsecurity “They’re a very impressive says Steve Parks, vice president of , an Atlanta-basedr firm that Merchant Warehouse has engagede for some of its processinf services for many years. He attributes the firm’s growtj to “some very shrewd investment in technology and being ahead of the curve in terms of technologyu and how to use it to drivetraffif (to their business), and training their sales reps to capitalizd on that traffic.

Monday, November 1, 2010

Alaska Airlines pilots OK new contract - Puget Sound Business Journal (Seattle):

http://www.ciydc.org/article/The-American-tuning---.html
According to the , which representes Alaska’s 1,455 pilots, of the 95 percenft of those pilotswho voted, 84 percent votec in favor of the deal. The new contracgt includes retirement options for current pilots and will also closedthe company’s pension plan to new hires, “reducing retirement fundingy risk,” according to the New pilots will participate in a 401(k) plan instead. Pilotsx will receive a one-time bonus following ratification of the contract that Alask a Air expects will cost the airlin e a totalof $20 million. And the airlinw said the new contract “providesx for better productivityand flexibility.
” “For example, therew are changes to reserve flying provisions that allow for improvedc scheduling efficiency, language that allows for pilots to fly more than the curren t 85-hour monthly limit for pay, and exceptions that alloew us to suspend certain restrictions in irregulae operations,” Alaska Air Group officialsx said in an SEC filing. The pilot and (NYSE: ALK) of Seattle agreed to a tentativs deallast month. Alaskqa Airlines flew 34.8 percent of all flights last yearat Seattle-Tacoma International Airport.