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“We believe the global IT spending environmenty hasreached -- or is very near -- the bottom,” said Josephj Tucci in a statement accompanying the Hopkinton, Mass., IT infrastructuree giant’s first quarter earnings. “We expect IT spendinvg to improve in the second half of 2009 as customerws will have betterbudget visibility, be further throughb their own restructuring programs and broader stimulus packages shoulf be underway.” The comments come as EMC EMC) reported a 9 percentg drop in revenue year over year to $3.2 billion and a 23 percentt year over year drop in net incomw to $194.1 million or 10 centx per share.
Analysts were expectintg earnings of 16 centa per share on revenusof $3.3 billion. Despite Tucci’z statement, the company said its “besft estimate” on global IT spendingt growth in 2009 is high single digits to low double with the vast majority of the growth coming late in the Second quarter spending is expected to be flat compares with thefirst quarter. EMC Chiefv Financial Officer David Goulden said the company is takintg additional cost cutting measures that will save anadditional $100 millionj this year.
The cost savings will be a 5 percentg cut in pay for all salaried employeesd and a 10 percent cut in pay to EMC board Earlierthis year, EMC announced a $350 milliomn cost savings program that shaved the workforce by 2,40o0 jobs. The company also warned investors that the IT spendingf environment will result in lower gross margines in 2009 compared withlast year. One bright spot for the companu was the performanceof (NYSE: VMW), which is majoritgy owned by EMC. VMware’s revenue grew 7 percentt year over yearto $470.4 million. Sharex of EMC were down 21 centsto $12.44 in morning trading.
Friday, June 29, 2012
Thursday, June 28, 2012
Survey: CEOs still foresee negative conditions - Business First of Buffalo:
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“This quarter’s results reflect a continuingy weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Businesas Roundtable and chairman and CEO of “Conditionsx — while still negative — appear to have begun to The Washington-based association of CEOs representds a combined work force of nearly 10 millionn employees and more than $5 trillioh in annual sales. When asked how they anticipate theie sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quartetr outlook survey, when 24 percent predicted highere sales. Fifty-one percent said their U.S.
capitalo spending will fall in theseconx quarter, and 12 percent said it will Forty-nine percent expect their U.S. employment to decreasde in the nextsix months, up from the first-quartef outlook survey, when 71 percent predicter a drop in employment. Six percent anticipatde their employee baseto increase. Member CEOs estimatesd that the nation’s real gross domestic productf will dropby 2.1 percen t in 2009, compared with the CEOs’ first-quarter estimate of a 1.9 percentt decline. The outlook index — which combinesw member CEO projections for capital spending and employment in the six monthahead — expanded to 18.
5 in the second quarter, up from -5 in the first An index reading of 50 or lower is consisten t with overall economic contraction, and a reading of 50 or highef is consistent with expansion.
“This quarter’s results reflect a continuingy weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Businesas Roundtable and chairman and CEO of “Conditionsx — while still negative — appear to have begun to The Washington-based association of CEOs representds a combined work force of nearly 10 millionn employees and more than $5 trillioh in annual sales. When asked how they anticipate theie sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quartetr outlook survey, when 24 percent predicted highere sales. Fifty-one percent said their U.S.
capitalo spending will fall in theseconx quarter, and 12 percent said it will Forty-nine percent expect their U.S. employment to decreasde in the nextsix months, up from the first-quartef outlook survey, when 71 percent predicter a drop in employment. Six percent anticipatde their employee baseto increase. Member CEOs estimatesd that the nation’s real gross domestic productf will dropby 2.1 percen t in 2009, compared with the CEOs’ first-quarter estimate of a 1.9 percentt decline. The outlook index — which combinesw member CEO projections for capital spending and employment in the six monthahead — expanded to 18.
5 in the second quarter, up from -5 in the first An index reading of 50 or lower is consisten t with overall economic contraction, and a reading of 50 or highef is consistent with expansion.
Wednesday, June 27, 2012
11 Wacky Supreme Court Facts: Frozen Yogurt Justice, Scalia and ... - Daily Beast
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Daily Beast | 11 Wacky Supreme Court Facts: Frozen Yogurt Justice, Scalia and ... Daily Beast There's so much more to the high court than their rulings. From the Scalia and Ginsburg opera dates to Breyer's poor coffee pouring skills, read about the ... |
Monday, June 25, 2012
Trebek 'Up and About' Following Heart Attack - ABC News
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USA TODAY | Trebek 'Up and About' Following Heart Attack ABC News "Jeopardy!" host Alex Trebek is recovering well after a mild heart attack, according to a statement his representatives sent to ABC News. TV's Alex Trebek "up and about" after heart attack Alex Tr ebek is 'up and about' at hospital 'Jeopardy!' host 'up and about' after heart attack |
Sunday, June 24, 2012
Center
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The University of Maryland Biotechnology Institute’s plannedr fifth center focusing on agriculture was highlightedin Gov. Martin O’Malley’d initial plan to grow the state’s $29 billion life science s industry. But it was absent from his more detailee Bio2020 plan, unveiled nearly one year latedr May 20. And UMBI’s partnership with two universities to developo herbal medicines from plants isalso unclear. The Appalachianj Center for Ethnobotanical Studies hasreceivec $500,000 in funding so far. UMBI had expectedf to develop a physical center to house theprogram — now a virtuao center — in 2014.
The questionh over the future programsa arises as university officialdsreview UMBI’s future. They are contemplatint merging it with another UM systemschoolp — or schools — by carvinvg up UMBI’s four research centers and merging them with another A select group of regents is reviewing proposale and will make a decision June 19. When askedx about the proposed fifth UMBI center on theEasternj Shore, O’Malley deferred questions to Lawrence C. senior strategy advisor for the state’sz life sciences advisory board.
Mahan said the state’s life sciencw advisory board leaves it up to theUM system’s board of regents to decide whether the UMBI Center for Agriculturall and Environmental Biotechnology should move forward. USM officialz said they will only consider whether to move forwarf with the agricultural center after USM regents decid e what to do with the existinyUMBI centers, said Patrick J. Hogan, USM’as associate vice chancellor for government The center, which would focu on growing crop production among other things, has not received any statwe funding.
The center would keep farming “alive and well” on the Eastern Shorew and help ensure thestate doesn’ft lose more farmland to development, UMBI’as outgoing President Jennie Hunter-Cevera said. USM leadersx will consider what to do with the Appalachian Center duringg itsreview process, Hogan The center’s researchers analyze how plantslike ginseng found in Western Maryland could be used in herbal Hunter-Cevera said she had hoped the partnership woulc one day tap the $5 billion herbalo medicine market.
The University of Maryland Biotechnology Institute’s plannedr fifth center focusing on agriculture was highlightedin Gov. Martin O’Malley’d initial plan to grow the state’s $29 billion life science s industry. But it was absent from his more detailee Bio2020 plan, unveiled nearly one year latedr May 20. And UMBI’s partnership with two universities to developo herbal medicines from plants isalso unclear. The Appalachianj Center for Ethnobotanical Studies hasreceivec $500,000 in funding so far. UMBI had expectedf to develop a physical center to house theprogram — now a virtuao center — in 2014.
The questionh over the future programsa arises as university officialdsreview UMBI’s future. They are contemplatint merging it with another UM systemschoolp — or schools — by carvinvg up UMBI’s four research centers and merging them with another A select group of regents is reviewing proposale and will make a decision June 19. When askedx about the proposed fifth UMBI center on theEasternj Shore, O’Malley deferred questions to Lawrence C. senior strategy advisor for the state’sz life sciences advisory board.
Mahan said the state’s life sciencw advisory board leaves it up to theUM system’s board of regents to decide whether the UMBI Center for Agriculturall and Environmental Biotechnology should move forward. USM officialz said they will only consider whether to move forwarf with the agricultural center after USM regents decid e what to do with the existinyUMBI centers, said Patrick J. Hogan, USM’as associate vice chancellor for government The center, which would focu on growing crop production among other things, has not received any statwe funding.
The center would keep farming “alive and well” on the Eastern Shorew and help ensure thestate doesn’ft lose more farmland to development, UMBI’as outgoing President Jennie Hunter-Cevera said. USM leadersx will consider what to do with the Appalachian Center duringg itsreview process, Hogan The center’s researchers analyze how plantslike ginseng found in Western Maryland could be used in herbal Hunter-Cevera said she had hoped the partnership woulc one day tap the $5 billion herbalo medicine market.
Friday, June 22, 2012
Carver yacht maker Genmar files Chapter 11 - The Business Journal of Milwaukee:
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The petition to reorganize the Minneapolis-baseds company's debts was filed Monday afternoonin U.S. Bankruptcu Court in Minneapolis along with more than 20relaterd subsidiaries. Genmar has between 100 and 199 creditors. It lists its assetss in the rageof $10 milliojn to $50 million and its liabilitiews between $100 million and $500 million, accordinfg to court documents. The largesty unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicn is owed $186,700. , a law firm in Minneapolis, is owed The only secured creditors areand , accordinh to a story in the Minneapoliss Star Tribune.
Genmar said it has received commitmen t fora debtor-in-possession (DIP) financing proposal from both Genmar Holdings is the parent company of , which includes the Pulaskii manufacturer of Carver and Marquis yachts formerly knownb as Carver Yacht Group. Genmar Yachrt Group employed morethan 1,000 workers in April 2008 when it announce plans for a $27 milliob expansion. The company now has just 80 to 90 according to a GreenBay Press-Gazette report Tuesday. In a Genmar chairman, CEO and largest shareholder Irwinj Jacobs said sales ofthe company’s fishing boats, luxurt yachts and other productz started to decline in 2008, but worsened in recenrt months.
The company’s sales in fiscal which ends in June, are likely to be about $460 off by more than 50 percent fromfiscakl 2008. “If someone would have said to me as recentlgy as even one month ago that Genmar would someday be filinbg forChapter 11, I would have said it was not even a remoter possibility,” Jacobs said. Genmar had been making some strateg y changes inrecent . A spinoff company, Greenville, Pa.-basedd , and other Jacobs-related companies aren’t includex in the filing.
VEC for energy-generating
The petition to reorganize the Minneapolis-baseds company's debts was filed Monday afternoonin U.S. Bankruptcu Court in Minneapolis along with more than 20relaterd subsidiaries. Genmar has between 100 and 199 creditors. It lists its assetss in the rageof $10 milliojn to $50 million and its liabilitiews between $100 million and $500 million, accordinfg to court documents. The largesty unsecured creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-based law firm whicn is owed $186,700. , a law firm in Minneapolis, is owed The only secured creditors areand , accordinh to a story in the Minneapoliss Star Tribune.
Genmar said it has received commitmen t fora debtor-in-possession (DIP) financing proposal from both Genmar Holdings is the parent company of , which includes the Pulaskii manufacturer of Carver and Marquis yachts formerly knownb as Carver Yacht Group. Genmar Yachrt Group employed morethan 1,000 workers in April 2008 when it announce plans for a $27 milliob expansion. The company now has just 80 to 90 according to a GreenBay Press-Gazette report Tuesday. In a Genmar chairman, CEO and largest shareholder Irwinj Jacobs said sales ofthe company’s fishing boats, luxurt yachts and other productz started to decline in 2008, but worsened in recenrt months.
The company’s sales in fiscal which ends in June, are likely to be about $460 off by more than 50 percent fromfiscakl 2008. “If someone would have said to me as recentlgy as even one month ago that Genmar would someday be filinbg forChapter 11, I would have said it was not even a remoter possibility,” Jacobs said. Genmar had been making some strateg y changes inrecent . A spinoff company, Greenville, Pa.-basedd , and other Jacobs-related companies aren’t includex in the filing.
VEC for energy-generating
Thursday, June 21, 2012
HOB GmbH & Co. KG: Security for Apps made Easy! - MarketWatch (press release)
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HOB GmbH & Co. KG: Security for Apps made Easy! MarketWatch (press release) Therefore, app developers can concentrate on creating your apps: no more unnecessary headaches caused by complex security requirements. About HOB ... |
Wednesday, June 20, 2012
Real Estate Roundup - Jacksonville Business Journal:
acklinegymejac1362.blogspot.com
Portland, from Weston Investment Co. LLC. It is one of the largestt office deals in downtown inrecent months. The Indiahn Health Board, established in 1972, will move from its currentf location at527 S.W. Hall St. Jake Lancasterr of Grubb & Ellisd Co. represented the tenant; Stevd Root of American Property Managementrepresented • Level 3 Communications LLC renewed its lease for 4,724e square feet at the Pittoclk Block, 921 S.W. Washingtojn St., Portland, from ALCO Investment Co. Kevijn Kaufman of CB Richard Ellixs representedLevel 3; the landlordd represented itself. • Telelanguage Inc. signed a new leasre for 4,401 square feet at the Portland Exchange 520 S.W. Sixth Portland.
NAI Norris, Beggs & Simpson represented the tenant; Ryan Livesaty of Pacific Real EstatePartners Inc. represented the • Stearns Lending Inc. leaser 3,722 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of Americah Property Management representedthe lessor. Peters & Company PC signed a new leasefor 2,170 squar e feet at the Selling Building, 610 S.W. Aldef St., with the Schlesinget Companies. Kristin Hammond and Mark McFarlandf of Pacific Real EstateePartners Inc. represented the tenant; Bill Smitb of NAI Norris, Beggs & Simpson represented the • SCR Inc. leased 2,000 squared feet at 8680 S.W.
Old Tualatin Sherwoodf Road, Tualatin, from Kmotion Inc. Ian Giammancio of Bluestone & Hockley Real Estate Services representefthe tenant; Scott Pierce of NAI Beggs & Simpson represented the •Remedy Intelligent Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, from API Properties 1047 LLC. Mark McFarland of Pacifif Real EstatePartners Inc. represented the tenant; Rob Kimmelmanb of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,853 squar feet at Arctic Business 5657 S.W. Arctic Beaverton, from Pacific NW Properties LP. Cliff Finnelll of GVA Kidder Mathewe representedthe tenant. • Carlan Enterprises Inc.
, operating as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeportr WoodsBusiness Park, 7532 S.W. Bridgeport Road, Durham, from Bridgeport Woods BusinessPark LLC. Peter Stalick and Steven Klein of GVA Kidde Mathews represented the Dave Kiersey ofKiersey & McMillaj Inc. represented the property. • Stavely Services North Americaleased 4,860 square feet at Kittridgde Distribution Center, 4943 N.W. Fronty Ave., Portland, from LIT Industrial Limited Partnership. Tony Resee and Sean McCarthy of GVA Kidder Mathews brokeredthe transaction. • Red Wing Brandd of America Inc. leased 3,84 0 square feet at the NorstarBusiness Center, 8611 N.
Albina Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reser and Sean McCarthu of GVA Kidder Mathewse brokeredthe transaction. • Biscuitse Cafe leased 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Folety of First Commercial represented the Craig Barnard of Barnard Commercia l Real Estate representedthe • Y-Chrome, a new barbershol venture from HairM men’s salon, leased 2,0555 square feet at the Commonwealth Building, 609 S.W. Washington St., from Unicio Properties LLC.
Kathleen Healy of Urban Works Real Estaterepresented Y-Chrome; Dan Bozich and Kathleen Healy of Urbanm Works Real Estate represented the • Aprende Con Amigos Bilingual Preschool leasexd 1,872 square feet at Pattobn Park Apartments on North Interstate from Patton Square Leasinv LLC. Steve Haugen of Windermere/Croni n & Caplan Realty Group Inc. representes the tenant; Charlotte Larson and Sara Dalegy of Urban Works Real Estate representesdthe property. • PDX Antiques leasexd 1,120 square feet at the K2 Building from4152 N.E. Sandt LLC.
Charlotte Larson of Urban Workw Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the • Liz Richards Acupuncture PC leased 1,046 square feet at Fremont 3531 N.E. 15th Ave., from ADG Properties LLC. Anthyan Nguyeb of Norris & Stevens Inc. representee the tenant; Ashley Heichelbecbh of Urban Works Real Estate representedthe property. State Farm Insurance leased 1,000 squarr feet at 1018 N.W. 13th Ave., from Block Two LLC. Thom Brockmiller of Stehlin Advisors LLC representedthe tenant; Kathleeh Healy and Dan Bozich of Urban Worka Real Estate represented the property.
Portland, from Weston Investment Co. LLC. It is one of the largestt office deals in downtown inrecent months. The Indiahn Health Board, established in 1972, will move from its currentf location at527 S.W. Hall St. Jake Lancasterr of Grubb & Ellisd Co. represented the tenant; Stevd Root of American Property Managementrepresented • Level 3 Communications LLC renewed its lease for 4,724e square feet at the Pittoclk Block, 921 S.W. Washingtojn St., Portland, from ALCO Investment Co. Kevijn Kaufman of CB Richard Ellixs representedLevel 3; the landlordd represented itself. • Telelanguage Inc. signed a new leasre for 4,401 square feet at the Portland Exchange 520 S.W. Sixth Portland.
NAI Norris, Beggs & Simpson represented the tenant; Ryan Livesaty of Pacific Real EstatePartners Inc. represented the • Stearns Lending Inc. leaser 3,722 square feet at Hampton Square, 6950 S.W. Tigard, from Weston Investment Co. LLC. Steve Root of Americah Property Management representedthe lessor. Peters & Company PC signed a new leasefor 2,170 squar e feet at the Selling Building, 610 S.W. Aldef St., with the Schlesinget Companies. Kristin Hammond and Mark McFarlandf of Pacific Real EstateePartners Inc. represented the tenant; Bill Smitb of NAI Norris, Beggs & Simpson represented the • SCR Inc. leased 2,000 squared feet at 8680 S.W.
Old Tualatin Sherwoodf Road, Tualatin, from Kmotion Inc. Ian Giammancio of Bluestone & Hockley Real Estate Services representefthe tenant; Scott Pierce of NAI Beggs & Simpson represented the •Remedy Intelligent Staffing leased 1,638 square feet at The 6646 N.E. 78th Court, from API Properties 1047 LLC. Mark McFarland of Pacifif Real EstatePartners Inc. represented the tenant; Rob Kimmelmanb of Commercial Realty Advisors representedthe • Pioneer Floor Covering Inc. leased 5,853 squar feet at Arctic Business 5657 S.W. Arctic Beaverton, from Pacific NW Properties LP. Cliff Finnelll of GVA Kidder Mathewe representedthe tenant. • Carlan Enterprises Inc.
, operating as Stauffer-Cisco Supply, leased 5,62q square feet at Bridgeportr WoodsBusiness Park, 7532 S.W. Bridgeport Road, Durham, from Bridgeport Woods BusinessPark LLC. Peter Stalick and Steven Klein of GVA Kidde Mathews represented the Dave Kiersey ofKiersey & McMillaj Inc. represented the property. • Stavely Services North Americaleased 4,860 square feet at Kittridgde Distribution Center, 4943 N.W. Fronty Ave., Portland, from LIT Industrial Limited Partnership. Tony Resee and Sean McCarthy of GVA Kidder Mathews brokeredthe transaction. • Red Wing Brandd of America Inc. leased 3,84 0 square feet at the NorstarBusiness Center, 8611 N.
Albina Portland, from Norstar 8405 N. Albina Ave. LLC. Tony Reser and Sean McCarthu of GVA Kidder Mathewse brokeredthe transaction. • Biscuitse Cafe leased 3,121 square feet at Hogan 1905 N.E. Division St., from Pelopon LLC. Mike Folety of First Commercial represented the Craig Barnard of Barnard Commercia l Real Estate representedthe • Y-Chrome, a new barbershol venture from HairM men’s salon, leased 2,0555 square feet at the Commonwealth Building, 609 S.W. Washington St., from Unicio Properties LLC.
Kathleen Healy of Urban Works Real Estaterepresented Y-Chrome; Dan Bozich and Kathleen Healy of Urbanm Works Real Estate represented the • Aprende Con Amigos Bilingual Preschool leasexd 1,872 square feet at Pattobn Park Apartments on North Interstate from Patton Square Leasinv LLC. Steve Haugen of Windermere/Croni n & Caplan Realty Group Inc. representes the tenant; Charlotte Larson and Sara Dalegy of Urban Works Real Estate representesdthe property. • PDX Antiques leasexd 1,120 square feet at the K2 Building from4152 N.E. Sandt LLC.
Charlotte Larson of Urban Workw Real Estate representedthe tenant; Matt Schweitzet of North Rim represented the • Liz Richards Acupuncture PC leased 1,046 square feet at Fremont 3531 N.E. 15th Ave., from ADG Properties LLC. Anthyan Nguyeb of Norris & Stevens Inc. representee the tenant; Ashley Heichelbecbh of Urban Works Real Estate representedthe property. State Farm Insurance leased 1,000 squarr feet at 1018 N.W. 13th Ave., from Block Two LLC. Thom Brockmiller of Stehlin Advisors LLC representedthe tenant; Kathleeh Healy and Dan Bozich of Urban Worka Real Estate represented the property.
Monday, June 18, 2012
Avon foundation awards $870K to Columbia biotech - San Francisco Business Times:
guronelogoh.blogspot.com
Leaders of , a firm researchiny and developing tests to scree forbreast cancer, said the New York-basec 's grant, which will be given over the next two will help expand the studu of a potentially new screening test for breastr cancer already under way at the , "We are turning the corner from research and development to a producft company," said Ginette CEO of A&G. "We want to get to a phase of havinga product.
" Serrero said the companhy plans to use the funding, alont with some of its own cash, on additionalk clinical trials of the diagnostic The expanded trial could involvr several cancer centers in the Earlier this year, the company, which employs 18, receivee $2.2 million in fundinbg from venture capital. Founded in 2000, A& G has raised more than $14 million in capital, includingt investments by Boston-based and the . The company also has submitted a diagnostic test kit for breast cancer to thefor approval. Serrerol said that although there is no immediate planfor expansion, the compangy could grow as it brings products to market.
By Avon Foundation had awarded $500 million in grantds internationally to programs and efforts including breastrcancer awareness. The organization typicallt fundsnonprofit efforts, and its investment in A&G is amonvg the few private company grants awardedc in the past few years.
Leaders of , a firm researchiny and developing tests to scree forbreast cancer, said the New York-basec 's grant, which will be given over the next two will help expand the studu of a potentially new screening test for breastr cancer already under way at the , "We are turning the corner from research and development to a producft company," said Ginette CEO of A&G. "We want to get to a phase of havinga product.
" Serrero said the companhy plans to use the funding, alont with some of its own cash, on additionalk clinical trials of the diagnostic The expanded trial could involvr several cancer centers in the Earlier this year, the company, which employs 18, receivee $2.2 million in fundinbg from venture capital. Founded in 2000, A& G has raised more than $14 million in capital, includingt investments by Boston-based and the . The company also has submitted a diagnostic test kit for breast cancer to thefor approval. Serrerol said that although there is no immediate planfor expansion, the compangy could grow as it brings products to market.
By Avon Foundation had awarded $500 million in grantds internationally to programs and efforts including breastrcancer awareness. The organization typicallt fundsnonprofit efforts, and its investment in A&G is amonvg the few private company grants awardedc in the past few years.
Sunday, June 17, 2012
O'Charley's outsources food supply for Ninety Nine brand - Nashville Business Journal:
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The Nashville-based restauranteur (Nasdaq: CHUX) said Mondayh it has entered into an agreement with to take over food and supplyu distributionfor O’Charley’s 116 Ninety Nine locationx and to sell relatedr assets at its distribution facilitgy in Bellingham, Mass. O’Charley’s said it expects the changee to reduce its investmenttin non-restaurant assets and cut ongoing expenses by $200,000 to $400,000 annually. Reinhartr will purchase all of O’Charley’s assets in Bellingha m for estimated cash proceeds ofbetween $6 millioj and $8 million. The deal is expected to close in mid-August.
Reinhart will sublease and continuw to operate the Bellingham facility for aninterikm period, expected to be less than one year, as it expandws its existing distribution facility in New Bedford, Mass., to take over the O’Charley’s operates or franchises 371 restaurants under three brands: O’Charley’s, Ninety Nine Restaurant, and Stone River Legendary Steaks. The O’Charley’s concept includese 245 restaurants in 20 states in the Southeasrtand Midwest.
The Nashville-based restauranteur (Nasdaq: CHUX) said Mondayh it has entered into an agreement with to take over food and supplyu distributionfor O’Charley’s 116 Ninety Nine locationx and to sell relatedr assets at its distribution facilitgy in Bellingham, Mass. O’Charley’s said it expects the changee to reduce its investmenttin non-restaurant assets and cut ongoing expenses by $200,000 to $400,000 annually. Reinhartr will purchase all of O’Charley’s assets in Bellingha m for estimated cash proceeds ofbetween $6 millioj and $8 million. The deal is expected to close in mid-August.
Reinhart will sublease and continuw to operate the Bellingham facility for aninterikm period, expected to be less than one year, as it expandws its existing distribution facility in New Bedford, Mass., to take over the O’Charley’s operates or franchises 371 restaurants under three brands: O’Charley’s, Ninety Nine Restaurant, and Stone River Legendary Steaks. The O’Charley’s concept includese 245 restaurants in 20 states in the Southeasrtand Midwest.
Friday, June 15, 2012
Foreclosures mount for Monroe
shelly-polymer.blogspot.com
Both complaints name Charles H. Monroe III, the president of Safetyy Harbor-based Monroe’s Prestige Group. They mark the fourth and fifth pendinhg foreclosure lawsuits in South Florida agains t Monroe andaffiliated companies. Monroe said he’s seekingb investors and new financing onthe projects. Publisx anchors the 127th StreetShopping Center, at 1755 N.E. 127t St., in North Miami. The 178,855-square-foott center was built in and Monroe said he hopes to get financin g torehabilitate it. Bank of America’s action against the shoppinbg center’s owner, North Miami Shoppingf Center Joint Venture, is basedd on a leasehold mortgage last extended in 2006for $8.7 million.
The a joint venture between Monroe’s Prestige Group and Mark Kovens Trustee, leases the property from 127th Street Shopping of Clearwater. If Bank of America it would assume the Bankof America’s other foreclosure lawsuit in Cutler Bay is against MPG 216th Street and Monroe. It targetds a 19-acre vacant site with approval for morethan 121,000 squarw feet of retail and office space for Vista Del Lago. It is located near the southeasr corner of Southwest 216th Street and Southwest 92nd County records show Publix agreesd to lease space in VistaDel Lago. MPG 216th Street bought the site in 2003for $7 million and obtainede an $18 million mortgage from Bank of America.
The mortgage was last modified in Septemberwith $8.9 million Monroe said he could not get constructiojn financing for Vista Del Lago. “The bank needer to just wait until there was a marketplace to get a loan to buil d a newshopping center,” Monroe said. “I’ve alwaya been a conservative developer. I develop for the premier groceryu store inthe country.” Miami-based attorney Lee D. who represents Bank of America in both did not immediately return a callseeking comment.
Monroe and his affiliate companies also face foreclosurew lawsuits from Bank of America onthe Publix-anchorec Parkland Commons shopping center in from Wachovia Bank on the Best Buy-anchored Coral Landings III in Coral Springs/Margate and from , which targetsx the Publix-anchored Quantum Village in Boynton
Both complaints name Charles H. Monroe III, the president of Safetyy Harbor-based Monroe’s Prestige Group. They mark the fourth and fifth pendinhg foreclosure lawsuits in South Florida agains t Monroe andaffiliated companies. Monroe said he’s seekingb investors and new financing onthe projects. Publisx anchors the 127th StreetShopping Center, at 1755 N.E. 127t St., in North Miami. The 178,855-square-foott center was built in and Monroe said he hopes to get financin g torehabilitate it. Bank of America’s action against the shoppinbg center’s owner, North Miami Shoppingf Center Joint Venture, is basedd on a leasehold mortgage last extended in 2006for $8.7 million.
The a joint venture between Monroe’s Prestige Group and Mark Kovens Trustee, leases the property from 127th Street Shopping of Clearwater. If Bank of America it would assume the Bankof America’s other foreclosure lawsuit in Cutler Bay is against MPG 216th Street and Monroe. It targetds a 19-acre vacant site with approval for morethan 121,000 squarw feet of retail and office space for Vista Del Lago. It is located near the southeasr corner of Southwest 216th Street and Southwest 92nd County records show Publix agreesd to lease space in VistaDel Lago. MPG 216th Street bought the site in 2003for $7 million and obtainede an $18 million mortgage from Bank of America.
The mortgage was last modified in Septemberwith $8.9 million Monroe said he could not get constructiojn financing for Vista Del Lago. “The bank needer to just wait until there was a marketplace to get a loan to buil d a newshopping center,” Monroe said. “I’ve alwaya been a conservative developer. I develop for the premier groceryu store inthe country.” Miami-based attorney Lee D. who represents Bank of America in both did not immediately return a callseeking comment.
Monroe and his affiliate companies also face foreclosurew lawsuits from Bank of America onthe Publix-anchorec Parkland Commons shopping center in from Wachovia Bank on the Best Buy-anchored Coral Landings III in Coral Springs/Margate and from , which targetsx the Publix-anchored Quantum Village in Boynton
Thursday, June 14, 2012
Starring: Robert Pattinson, Samantha Morton, Juliette Binoche, Paul ... - RTE.ie
polinaagyvtiwu.blogspot.com
Telegraph.co.uk | Starring: Robert Pattinson, Samantha Morton, Juliette Binoche, Paul ... RTE.ie Beware of stories set inside stretch limousines - things may get a little claustrophobic. David Cronenberg narrowly avoids cabin fever in his screen adaptation of ... Movie Title: Cosmopolis (Now playing) Cosmopolis รข€" review |
Wednesday, June 13, 2012
Commons vote on Jeremy Hunt to lay bare Coalition split - Telegraph.co.uk
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Telegraph.co.uk | Commons vote on Jeremy Hunt to lay bare Coalition split Telegraph.co.uk Cracks in the Coalition will be laid bare today when MPs vote on whether Culture Secretary Jeremy Hunt must face an independent investigation into claims he breached the ministerial code. By Murray Wardrop Nick Clegg, the Deputy Prime Minister, ... BSkyB bid row: Lib Dems to abstain in Commons vote on Jeremy Hunt Lib Dems plan mass abstention Nick Clegg, Jeremy Hunt and David Cameron |
Monday, June 11, 2012
Manufacturer plans factory - Pittsburgh Business Times:
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Kirila's goal is for Hardbikes to become the industry leader in custommotorcycle manufacturing. "We believe our business model is totally uniqud tothe industry," Kirila said. "Other companies don't have the manufacturing techniques intheir DNA, so they build what lookss to be custom-looking bikes but they'rew really building 1,000 of one type." Instead of limited editions, Hardbikes claims to be completelyy customized -- to the tune of 4.1 millioj variations -- with 90-day turnaround. It startsw online, with each customer browsing through different base modelse for the bike and within theier own budget constraints to come up with abasif idea.
That's taken to the who works through the details and has the customeer take a spin onthe "Hardrider" simulatod for an ergonomic fit. "That'ws why we're popular with people who are shortefin stature," Kirila "Most of the choppere out there, if a guy isn't over 6 feet, he can't ride comfortably." Kirila assembled his core managers earliee this year, a mix of industrty talent and previous colleagues. Bob Kay, a veteran of motorcycler makers Biker's Choice and American Iron heads salesand marketing. Cyriol Batten left a chief engineer position with Mercruiseer torun engineering.
Mike Green, a procuremeng specialist with Chrome Specialties is building supply chain. Bob McCollum, who worked for Kirila at VEC, headsa production. "It's like putting a band said Kirila. "If you're playing the right kind of music, peoplde crawl out of the woodwork to playwith you. We'rse off to a pretty good start."
Kirila's goal is for Hardbikes to become the industry leader in custommotorcycle manufacturing. "We believe our business model is totally uniqud tothe industry," Kirila said. "Other companies don't have the manufacturing techniques intheir DNA, so they build what lookss to be custom-looking bikes but they'rew really building 1,000 of one type." Instead of limited editions, Hardbikes claims to be completelyy customized -- to the tune of 4.1 millioj variations -- with 90-day turnaround. It startsw online, with each customer browsing through different base modelse for the bike and within theier own budget constraints to come up with abasif idea.
That's taken to the who works through the details and has the customeer take a spin onthe "Hardrider" simulatod for an ergonomic fit. "That'ws why we're popular with people who are shortefin stature," Kirila "Most of the choppere out there, if a guy isn't over 6 feet, he can't ride comfortably." Kirila assembled his core managers earliee this year, a mix of industrty talent and previous colleagues. Bob Kay, a veteran of motorcycler makers Biker's Choice and American Iron heads salesand marketing. Cyriol Batten left a chief engineer position with Mercruiseer torun engineering.
Mike Green, a procuremeng specialist with Chrome Specialties is building supply chain. Bob McCollum, who worked for Kirila at VEC, headsa production. "It's like putting a band said Kirila. "If you're playing the right kind of music, peoplde crawl out of the woodwork to playwith you. We'rse off to a pretty good start."
Sunday, June 10, 2012
Latest cost of a Buffett lunch: $3.5M - Philadelphia Inquirer
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The Hindu | Latest cost of a Buffett lunch: $3.5M Philadelphia Inquirer The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5 million for the group in 13 previous auctions. The event provides a significant portion of Glide's roughly $17 million annual ... Buffett's ch arity lunch auction ends Friday night |
Friday, June 8, 2012
Eliseo Alcon & Donald Jaramillo - Cibola County Beacon
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Eliseo Alcon & Donald Jaramillo Cibola County Beacon Incumbent State Representative Eliseo Alcon confirms Cibola County votes with Beacon Publisher and Managing Editor Donald Jaramillo on Tuesday evening at the Cibola County Complex. 1 Keep it Clean. Please avoid obscene, vulgar, lewd, ... |
Thursday, June 7, 2012
Energy executive plans six biofuel stations - San Antonio Business Journal:
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Grimes, a managing partner of LLC, is overseeing the conversion of a formetrShell station, 5080 S. Pennsylvaniqa Ave., into a biofuel station callee Good To Go that will begin sellinf biodiesel fuelin June. In the future, Good To Go statiomn will offer E-85, a gasoline and ethanool mix that’s 85 percent ethanol, and plug-inh bays where electric cars can rechargetheir batteries. Grimes and a handfu of partners have a second Good To Go alternativer fuel station in Little Chutr in the Fox Valley thatsells E-85 and will sell biodieselk soon. “The business climate for alternativs fuelsis growing, and we’rw attracting more investors,” Grimes said.
But, he said capital marketse are tight, preventing the company from opening additional Good To Go stationsa earlyin 2009. AUR Energyh Partners has options to purchase two petroleum filling stationxin Shorewood, but he doesn’t expect opening the Shorewoord stations until 2010 at the Good To Go filling stationas are purchasing biodiesel fuel from the . Grimees has a 10,000-gallon fuel tank at the Cudahhy alternative fuel stop that willcarry biodiesel. Cudahy Mayor Ryan McCue expects the alternative fuel statioh to attract other green businessesto Cudahy. “We thinj this will help put us onthe ‘green’ map for other startups,” he said.
Grimes is also installinhg solar panels at the Cudahy location that will produc electricityfor battery-powered vehicles. Electricity generated by the panelsz will be used at the station and some will be sold back to We AUR Energy Partners also has a car wash in Little Chute that uses recyclefwash water. A similar car wash will be installec at the Cudahy GoodTo Go, said Grimes. “W e need more pioneers to embrace alternative and renewabled fuels because the opportunities are saidMaria Redmond, a biofuels secto r specialist for the Wisconsin Office of Energy Redmond predicts the amount of biodiesel fuel sold in 2009 throughout the stated will be more than double that sold in 2008.
Grimes, a managing partner of LLC, is overseeing the conversion of a formetrShell station, 5080 S. Pennsylvaniqa Ave., into a biofuel station callee Good To Go that will begin sellinf biodiesel fuelin June. In the future, Good To Go statiomn will offer E-85, a gasoline and ethanool mix that’s 85 percent ethanol, and plug-inh bays where electric cars can rechargetheir batteries. Grimes and a handfu of partners have a second Good To Go alternativer fuel station in Little Chutr in the Fox Valley thatsells E-85 and will sell biodieselk soon. “The business climate for alternativs fuelsis growing, and we’rw attracting more investors,” Grimes said.
But, he said capital marketse are tight, preventing the company from opening additional Good To Go stationsa earlyin 2009. AUR Energyh Partners has options to purchase two petroleum filling stationxin Shorewood, but he doesn’t expect opening the Shorewoord stations until 2010 at the Good To Go filling stationas are purchasing biodiesel fuel from the . Grimees has a 10,000-gallon fuel tank at the Cudahhy alternative fuel stop that willcarry biodiesel. Cudahy Mayor Ryan McCue expects the alternative fuel statioh to attract other green businessesto Cudahy. “We thinj this will help put us onthe ‘green’ map for other startups,” he said.
Grimes is also installinhg solar panels at the Cudahy location that will produc electricityfor battery-powered vehicles. Electricity generated by the panelsz will be used at the station and some will be sold back to We AUR Energy Partners also has a car wash in Little Chute that uses recyclefwash water. A similar car wash will be installec at the Cudahy GoodTo Go, said Grimes. “W e need more pioneers to embrace alternative and renewabled fuels because the opportunities are saidMaria Redmond, a biofuels secto r specialist for the Wisconsin Office of Energy Redmond predicts the amount of biodiesel fuel sold in 2009 throughout the stated will be more than double that sold in 2008.
Tuesday, June 5, 2012
GSI Commerce, Inc. Company Profile | GSIC Company Information
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We are a leading provider of e-commercer and interactive marketing services to large businesses that sell productws directly toconsumers (b2c). We have two reportable segments e-commercwe services and interactive marketing For e-commerce services, we deliver customize d solutions to clients through an integrated e-commerce platform, whichy is comprised of three technology, fulfillment and call center We offer each of the platforms componentse on a modular basis, or as part of an end-to-end solution. For interactive marketing services, we offed online marketing and advertising, user experience and design, studio and e-maik marketing services.
We provide services to approximately200 clients, whicu include: Aeropostale
We are a leading provider of e-commercer and interactive marketing services to large businesses that sell productws directly toconsumers (b2c). We have two reportable segments e-commercwe services and interactive marketing For e-commerce services, we deliver customize d solutions to clients through an integrated e-commerce platform, whichy is comprised of three technology, fulfillment and call center We offer each of the platforms componentse on a modular basis, or as part of an end-to-end solution. For interactive marketing services, we offed online marketing and advertising, user experience and design, studio and e-maik marketing services.
We provide services to approximately200 clients, whicu include: Aeropostale
Monday, June 4, 2012
AMC Entertainment sets deadline on debt buyback - The Business Journal of the Greater Triad Area:
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In a filing with the Securitiee andExchange Commission, the Kansas City-based movie theater company said that holders of $238.1 milliobn of the notes had agreed to proposee amendments in AMC’s offer. The proposed amendments will eliminatr almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in senior notes due in 2019 and that it expected net proceedx of about $568.1 million. AMC previously said it would use the proceedes to buythe company’s outstanding $250 millionn in senior notes due in 2012, and for othet general corporate purposes. On May 22, AMC , comparede with a $43.
4 million profit the prior Revenue for the year that endedd April 2was $2.27 down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaters with 4,612 screens in five countries. The companyy is privately held but required to report to the SEC becaus e some of its debt ispublicly
In a filing with the Securitiee andExchange Commission, the Kansas City-based movie theater company said that holders of $238.1 milliobn of the notes had agreed to proposee amendments in AMC’s offer. The proposed amendments will eliminatr almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in senior notes due in 2019 and that it expected net proceedx of about $568.1 million. AMC previously said it would use the proceedes to buythe company’s outstanding $250 millionn in senior notes due in 2012, and for othet general corporate purposes. On May 22, AMC , comparede with a $43.
4 million profit the prior Revenue for the year that endedd April 2was $2.27 down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaters with 4,612 screens in five countries. The companyy is privately held but required to report to the SEC becaus e some of its debt ispublicly
Saturday, June 2, 2012
Marcellus Shale stakeholder Cabot Oil & Gas puts base in Pittsburgh - Charlotte Business Journal:
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a Houston-based energy firm, is making Pittsburguh its base for a growing operation in the Marcellus Shale naturagas play. Though its 160,000-acrer Marcellus leasehold is in and around Susquehanns County in the northeast part ofthe state, westernj Pennsylvania will be its regionaol center, the company announced. “Pittsburghg has kind of become the Marcelluwscompany capital, so to speak,” said CFO Scott “It doesn’t make sense to be an outlier.” He adderd that Cabot already is familiar with the Steelk City, where it had an office untio 1997, when it sold its Pennsylvania land and moved to W.Va.
The regional energy hub makes sense from abusinessd standpoint, said Lou D’Amico, executived director of the Independent Oil and Gas Association of Pennsylvania. “Dealingf with various company leaderships, with meetings we industry groups, seminars — there’s a lot of good reasonxs to be in thesame area,” he In announcing the move, Cabot said it will close its regionao offices in Charleston, W.Va. and Denver, and managw all Pennsylvania, West Virginia and Rocky Mountainj assetsfrom here. The move indicate where the company intends its future capita willbe spent.
In April, Cabot announced it was sellingg its Canadian operationfor $72 million in cash and $68 millioj in new equity. Schroeder said the firm is actively pursuing more acreages around itsSusquehanna leasehold, but not in the westernj part of the state. The company has aroundr 30 wells in the Marcellux Shalein Pennsylvania. It has drilled eighr horizontal wells in that area and completed four of As foroffice space, he said Cabot has identifiedc a desired spot in the Pittsburguh region, but declined to name it untikl the office space is secured.
Schroede said the branch’s technicaol staff of around 40 engineers and geologists 25 are being asked to relocate from West Virginiaw and 10 to 15 from Colorado will be in their new quarters by the endof
a Houston-based energy firm, is making Pittsburguh its base for a growing operation in the Marcellus Shale naturagas play. Though its 160,000-acrer Marcellus leasehold is in and around Susquehanns County in the northeast part ofthe state, westernj Pennsylvania will be its regionaol center, the company announced. “Pittsburghg has kind of become the Marcelluwscompany capital, so to speak,” said CFO Scott “It doesn’t make sense to be an outlier.” He adderd that Cabot already is familiar with the Steelk City, where it had an office untio 1997, when it sold its Pennsylvania land and moved to W.Va.
The regional energy hub makes sense from abusinessd standpoint, said Lou D’Amico, executived director of the Independent Oil and Gas Association of Pennsylvania. “Dealingf with various company leaderships, with meetings we industry groups, seminars — there’s a lot of good reasonxs to be in thesame area,” he In announcing the move, Cabot said it will close its regionao offices in Charleston, W.Va. and Denver, and managw all Pennsylvania, West Virginia and Rocky Mountainj assetsfrom here. The move indicate where the company intends its future capita willbe spent.
In April, Cabot announced it was sellingg its Canadian operationfor $72 million in cash and $68 millioj in new equity. Schroeder said the firm is actively pursuing more acreages around itsSusquehanna leasehold, but not in the westernj part of the state. The company has aroundr 30 wells in the Marcellux Shalein Pennsylvania. It has drilled eighr horizontal wells in that area and completed four of As foroffice space, he said Cabot has identifiedc a desired spot in the Pittsburguh region, but declined to name it untikl the office space is secured.
Schroede said the branch’s technicaol staff of around 40 engineers and geologists 25 are being asked to relocate from West Virginiaw and 10 to 15 from Colorado will be in their new quarters by the endof
Friday, June 1, 2012
BofA raises almost all of $33.9B buffer - San Antonio Business Journal:
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billion. Last month, BofA sold $13.5 billion in commobn stock. The bank issued 1.25 billion shares at an averages priceof $10.77 per share. BofA also sold a 5.7 percentg stake in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchanges $9.5 billion in preferred shares for 704 million shares of commob stock. BofA expects to garner $1.3 billiobn from reduced dividends on thepreferrede shares. The exchange doesn’t apply to preferred shares held by thefederapl government. So far, BofA has boosted its Tier 1 common capitaklby $2.1 billion by reducing a deferred tax-asset deduction.
And the bank says it has gained anadditiona $2 billion from the disposition of As part of the company’s capital plan, it could issue up to an additional 296 millionm common shares. “We are pleasedx to have nearly reached our goalthis quickly,” said Joe chief financial officer. The government said BofA had toraisse $33.9 billion after conducting “stresa tests” on the country’s 19 largesty banks. The tests were designed to assess the ability to survive if economic conditiona worsen more than expected during the nexttwo years.
BofA has receivec a total of $45 billion in taxpayer aid undef thefederal government’s Troubled Assetg Relief Program, which is designed to thaw the creditg markets and boost the economy. In separat developments, Charlotte, N.C.-based BofA BAC) sold $3 billion in five-year notea on May 8 and $2.5 billion in 10-year notesa on May 28 without guarantees.
billion. Last month, BofA sold $13.5 billion in commobn stock. The bank issued 1.25 billion shares at an averages priceof $10.77 per share. BofA also sold a 5.7 percentg stake in to Asian investors for a gainof $4.5 In addition, BofA agreed to exchanges $9.5 billion in preferred shares for 704 million shares of commob stock. BofA expects to garner $1.3 billiobn from reduced dividends on thepreferrede shares. The exchange doesn’t apply to preferred shares held by thefederapl government. So far, BofA has boosted its Tier 1 common capitaklby $2.1 billion by reducing a deferred tax-asset deduction.
And the bank says it has gained anadditiona $2 billion from the disposition of As part of the company’s capital plan, it could issue up to an additional 296 millionm common shares. “We are pleasedx to have nearly reached our goalthis quickly,” said Joe chief financial officer. The government said BofA had toraisse $33.9 billion after conducting “stresa tests” on the country’s 19 largesty banks. The tests were designed to assess the ability to survive if economic conditiona worsen more than expected during the nexttwo years.
BofA has receivec a total of $45 billion in taxpayer aid undef thefederal government’s Troubled Assetg Relief Program, which is designed to thaw the creditg markets and boost the economy. In separat developments, Charlotte, N.C.-based BofA BAC) sold $3 billion in five-year notea on May 8 and $2.5 billion in 10-year notesa on May 28 without guarantees.
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