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Wednesday, October 31, 2012
Sunday, October 28, 2012
Ky. video-gaming bill dies in Senate committee - Charlotte Business Journal:
The Senate Appropriations Revenue Committee, on Mondayu evening, voted 10-5 againsr the measure, with two members abstaining, according to the Lexington Herald-Leader. The House had previously passedthe bill. The legislation would have permitted video-lottery terminalsx at Kentuckyhorse tracks, includingy Turfway Park in Florence. "The limited gaming proposao was designed to help save a signature industry inperilp – an industry that means 100,0000 jobs and $4 billiobn in investment for our state," said Gov. Steve Beshear in a Monday evenin statement.
"It is unfortunate that evergy voice on this critically important issue was not heared and every vote not At a Frankfortpress conference, Turfway Park President Bob Ellisto n said Turfway could close by 2010 if Ohio passes gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recentlyy reversed his stance against gamblingat racetracks.
Saturday, October 27, 2012
Court: Neo-Nazi posting jury foreman's personal info on extremist website not ... - Washington Post
Court: Neo-Nazi posting jury foreman's personal info on extremist website not ... Washington Post CHICAGO รข" A white supremacist solicited violence against a juror by posting the man's address, phone number and other personal details on his extremist website, an appellate court ruled on Friday, overturning a lower court's decision to toss the neo ... |
Thursday, October 25, 2012
Kansas City, Kan., HUD director is charged with misusing public money - Kansas City Business Journal:
has been brought up on federal charges of misusinfgpublic money. Federal prosecutors said Thursday that they have chargedHerman Ransom, 52, of Olathe, with receiving pay for hours he did not work. Ransomm is under indictment for 10 counts of wire fraudf and 10 counts of thef t ofpublic money. Ransom still holds his positiom with HUD but is onadministrative leave, accordinbg to a spokesman in HUD’s Washington The indictment said Ransokm claimed to have workefd 80 hours during two-week pay period though those periods included personal time off.
Also, prosecutorsw accuse Ransom of playing tennis and goingt to casinos while he claimed to havebeen Altogether, federal prosecutors think Ransom has receive $47,000 in unmerited pay since starting as a director in 1998 as the HUD officd in Kansas City, Kan., where he supervised 89 employees. A convictio n could mean 20 yearss in prisonand $250,000 in finesz for each wire fraudd count, as well as 10 yeares in prison and $250,000 in fines for each counr of theft of public money.
Wednesday, October 24, 2012
Statewide medical group survey shows most rank high on self-reported criteria - Triangle Business Journal:
In an email, CAPG’w President and CEO Donald Crane, told the San Francisc o Business Times that the physiciajngroups “self report” various metrics and CAPG then talliea the scores to “determine how many points a group has earned, and then determine which of the five categoriese they fall into.” The final tallyu showed that 64 of 85 participatinfg groups won the equivalen t of A or B grades, based on how they met criteriqa measuring use of health information technology care management, accountability and transparencyg and patient-centered care.
Elite groups earned a star in each of the four exemplary groups earned three of fourpossible stars, groups two of four, and “meritorious” groups scored just one of four Groups that don’t meet any of the but submit data are deemedc “participants.” Approximately 65 of CAPG’s memberw didn’t participate in the voluntary or weren’t included in the tabulated results. Resulta were tabulated between April 8 andJune 1.
The Bay Area’ s “elite groups” included usualk suspects like Pinole’s , San Francisco’e , San Ramon-based , the Peninsula’sw , and Oakland-based ’s Northern and Southerj California-based Permanente Medical Groups. Walnut Creek’s , , the Marijn IPA, and each netted an while Berkeley’s and each nabbed a “commendable” rating, the equivalent of a gentleman’ws C. CAPG said participants included 85 medicalo groups thathave 10.
5 million patientx and account for 87 percent of the totapl patient membership in CAPG member Overall, the association represents about 150 physicia n groups in the state, serving abouy 15 million residents, or about half the state’sx population. As in Garrison Keillor’ fictional radio town Lake Wobegon, where everyone’x above normal, the category designations give the impressionthat everyone’s doing pretty darn well. And which has offices in Los Angelesand Sacramento, describedr the survey in glowing terma as “the first known voluntary largde scale, critical self-assessment for medical groups in the United Wells Shoemaker M.D.
, CAPG’sz medical director, stressed that the association takes painsx to ensure that the results are accuratse and credible. “Yes or no answers aboutg “tools in your toolbox” are not soft,” he said in an emaio to the Business “you either have them or you don’t.” He also notexd that each group’s CEO is personally responsibl e for the accuracy of its report and that CAPG rampds up the specific data requireeeach year.
“While I have close to zero suspicionh that anybody would sucha report, I do, indeed, verify Shoemaker told the Business Crane, meanwhile, said in the statemenrt that the program gives consumers “an excellent tool” to help them make informed decisions about choosing a provider, and callsx the program “a model standard” for other states.
Monday, October 22, 2012
The shape of catastrophe bond price seasonality - Artemis.bm (blog)
The shape of catastrophe bond price seasonality Artemis.bm (blog) One of the issues we discuss regularly on Artemis is the fluctuation in secondary market outstanding catastrophe bond pricing over the course of the year and how seasonal weather patterns, such as the U.S. hurricane season, impact pricing. As with any ... |
Sunday, October 21, 2012
Flextronics Announces Receipt of Requisite Consents in its Partial Tender Offer and Consent Solicitation for its 6 1/2% and 6 1/4% Senior Subordinated Notes
New York City time today, the Earlgy Tender/Consent Deadline for its previously announcefd cash tenderoffer (the "Offer") and consent solicitation (the "Consent it has received valid tenderss and consents from holders of $317.56 million (or approximately 79.5%) and $5.5 million (or approximately 1.4%), respectively, of the aggregatwe principal amount of its outstanding 6 1/2% Senior Subordinated Notes (the "6 1/2% Notes") and of $214.3 millioj (or approximately 53.3%) and $165.8 milliom (or approximately 41.2%), of the aggregate principal amount of its outstandintg 6 1/4% Senior Subordinated Notes (the "6 1/4% Notes" and togethedr with the 6 1/2% the "Notes").
Accordingly, the requisite majority consentxs to adopt the proposed amendments to the restricted payments covenante and certain related definitions containedx in each of the indentures undetr which the Notes were issued have been In accordance with the Offer and theConsent Solicitation, the Compan and the trustee undefr each of the indentures have entered into a supplementall indenture to effect the proposed amendments, which proposedf amendments will become operatives on the date when amounts payablw by Flextronics pursuant to the Offer and the Consent Solicitation with respect to tendered Notes and delivered consents are depositex with the depositary (the "Paymenty Date"), which is expected to occur promptly following the Expiration Time (as defined below).
Holders of 6 1/2% Notesw that validly tendered (and did not validly withdraw) 6 1/2% Noted prior to the Earlyt Tender/Consent Deadline are eligible to received the applicable Total Consideration set forth in the table which includes a consent feeof $10.0 per $1,000 principal amount of Notes, and holders of 6 1/2% Notesz that validly delivered (and did not validly revoke) consents, withouft also tendering the related 6 1/2% prior to the Early Tender/Consent Deadline are eligible to receive the conseng fee of $10.00 per $1,000 principal amountf of Notes.
Holders of 6 1/4% Notes that validlyu tendered (and did not validly 6 1/4% Notes prior to the Early Tender/Consent Deadline are eligibld to receive the applicable Total Consideration set forth in thetablre below, which includes a consengt fee of $10.00 per $1,000 principal amount of Notes (the "Consenft Fee"), for their 6 1/4% Notes that are acceptedd for purchase in the Offer. Holders of 6 1/4% Notews are eligible to receive, in lieu of the Conseny Fee, an alternative conseny fee of $23.
00 per $1,000 principal amount of 6 1/4% Notes for 6 1/4% Notes for whichu consents were validlydelivered (and not validly prior to the Early Tender/Consent Deadlinde without the tender of the related 6 1/4% Notee and for 6 1/4% Notew that were validly tendered (and not validly withdrawn) prior to the Early Tender/Consent Deadlinew but which are not accepted for purchasee due to proration. Holderds that validly tender Notes afteer theEarly Tender/Consent Deadline and prior to the Expirationh Time will be eligible to receivew only the applicable Base Offer Consideration set fortbh in the table below.
In addition to the Total Considerationh or the BaseOffer Consideration, as the case may be, holdera whose Notes are accepted for purchase in the Offet will receive accrued and unpaid interestg from and including the last interesy payment date up to, but excluding, the Paymenty Date. Flextronics is offering to purchase upto $100,000,00 of the aggregate principakl amount outstanding of each series of If the aggregate principao amount of 6 1/2% Notese or 6 1/4% Notes tendered exceeds the $100,000,0000 maximum acceptance amount of such tendering holders of the oversubscribedx series of Notes will be subjectt to proration.
The proration amount, if any, will be set shortlt after theExpiration Time. The followinf table provides information with respect to the Offef and the Consent Solicitation and summarizes the BaseOffedr Consideration, Early Tender Consent Fee and Total Consideration payable with respecr to the 6 1/4% Notes and the 6 1/2% Notes, and the Alternativew Consent Fee payable with respectt to the 6 1/4% Notes: Aggregat Principal Maximum Title of CUSIP Amount Acceptances Base Offer Security Number Outstanding Amount Consideration(1) 6 1/2% Seniorr Subordinated Notes due 2013 33938EAJ6 $399,622,000 $100,000,000 $960.
00 6 1/4% Senior Subordinated Notesd due 2014 33938EAN7 $402,090,000 $100,000,000 $910.0o0 Early Consent Total Alternative Title of Tender Consideration(1) Consent Security Premium(1) 6 1/2% Senior Subordinated Notes due 2013 $30.00p $10.00 $1,000.00 N/A 6 1/4% Senior Subordinated Notew due 2014 $30.00 $10.00 $950.00 $23.0p0 (1) Per $1,000 principal amount of Notese The Offer is scheduled to expire at 12:00 New York City on June 30, 2009, unless extendeed or earlier terminated (the "Expirationn Time").
Tendered Notes and deliveref consents may no longer be withdrawn or The Offer and the Consent Solicitatiob are subject to the satisfaction of certain conditions but are not conditioned on any minimuj principal amount of Notesbeing tendered. The complete terms and conditions of the Offer and the Consent Solicitation are describefd in the Offer to Purchase and Consenft Solicitation Statement datedMay 29, 2009, and the relatedx Consent and Letter of Transmittal, as amended and supplemented from time to including by the Supplemen dated June 17, 2009 (the "Offerr Documents"), copies of which may be obtained by contacting U.S.
Bank Nationakl Association as the Information Agenat (800) 934-6802, #7, #7 (toll or (651) 495-4738. The Company has engage Credit SuisseSecurities (USA) LLC and Deutschre Bank Securities Inc. to serve as Dealerf Managers for the Offer and as Solicitation Agentds for theConsent Solicitation. Credit Suisse Securities (USA) LLC and Deutschd Bank Securities Inc. can be contacted at (212) 538-18621 (collect) or (800) 820-1654 (toll free) and (212) 250-6008 (collect) or 627-0391 (toll free), respectively. This pressa release is for informational purposes only and is not an offeer to purchase or a solicitationm of an offer to sell any securitiee nor a solicitationof consents.
The Offer and the Consentt Solicitation are being made solely pursuanyt to and on the terms and conditionx set forth in theOffer Documents. The Offeer and the Consent Solicitation are beiny made solely to such persons and in such jurisdictions as are permitted underapplicable law. No recommendatiob is made as to whether holderxs of the Notes should tender their Notes or give Headquartered inSingapore (Singapore Reg. No. Flextronics is a leading Electronics ManufacturinhServices (EMS) provider focused on deliveriny complete design, engineering and manufacturing services to computing, consumer, industrial, infrastructure, medical and mobild OEMs. With fiscal year 2009 revenues ofUS $30.
9 Flextronics helps customers design, build, ship, and serviced electronics products through a network of facilitiews in 30 countries on four This global presence provides design and engineering solutionsw that are combined with core electronices manufacturing and logistics services, and vertically integrated with component s technologies, to optimize customer operations by lowering costa and reducing time to market. For more please visit .
Certain statements made in this press other than statements ofhistorical fact, are, or may be deemef to be, forward-looking The words "will," "may," "designed to," "believe," "should," "anticipate," "plan," "expect," "intend," "estimate" and similadr expressions identify forward-looking statements, which speak only as of the date of this presz release. These statements include Flextronics's plan to purchasd up to 25% of the principal amountr of each series of Notes in the These statements are not guaranteees of future performance and are subject to risks and uncertainties that couled cause actual results to differ materially from the expectations expressesd inthe forward-looking statements.
Important factors that coulc cause actual results to differ materially from the expectations reflected inthe forward-looking statements include those describedd in its Annual Report on Form 10-K for the fiscall year ended March 31, 2009, as well as in its Quarterlhy Reports on Form 10-Q and Current Reports on Form 8-K. Giveb these risks and uncertainties, the reade r should not place undu e reliance onthese forward-looking SOURCE Flextronics International Ltd.
Saturday, October 20, 2012
Fresh off court win, Phoenix Coyotes look to defrost season-ticket sales - South Florida Business Journal:
That includes a June 25 open housewat Jobing.com Arena in Glendale, wherer the team will promote partial seasobn ticket plans. The has been running the Coyotes’ fronft office since May, when team owner Jerry Moyees put the team into Chapted 11bankruptcy protection. On Monday, U.S. Bankruptcy Courf Judge Redfield Baum ruled againsta $213 million sale of the team by Moyes to Canadiahn billionaire Jim Balsillie, CEO of BlackBerry maker Researcjh in Motion. Balsillie wanted to buy the Coyotee and move the teamto Ontario, but he set a June 29 deadlins for the sale.
Baum said that did not allow enough time to resolves thehockey team’s bankruptcy and financee issues, so he shot down the sale. Balsillie could return to the table with anothee offerand timetable. The NHL is courting other possibld new owners who would keep the team in The league has said it will finance the team intothe 2009-1p season if necessary. The Coyotexs have lost more than $300 milliomn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canada have prettty much dried up ticket sales and NHL attorneys have acknowledged in Bankruptcy Court.
Sports teama in general, including the Arizona Diamondbacks andPhoenix Suns, are facing bearish ticke t sales as consumers and businesses curtail spending during the recession. Baum’s recent ruling improved the chanced of the Coyotes stayingin Glendale. The 2009-10p NHL preseason starts in September, and the regulae season beginsin October. Bankruptcy Court filings show the team average fewerthan 11,000 fans per game at the 17,900-sea t Jobing.com Arena during the 2008-08 season. The season-ticket open housee will be 6 to9 p.m.
June 25 at the
Thursday, October 18, 2012
Bear Rock franchisee drops agreement, opens new concept - Triangle Business Journal:
The loss of the location near Six Forks Road and Wake Foresgt Road is another blow toBear Rock, a once-local companty that has seen its ambitious growthn plans reversed in recent years. C&s Six Forks co-owner Darryl Cook says his firm’s 10-year franchis agreement with Bear Rock expired onJune 16. Insteaf of renewing, Cook and his partners Chrids Watson and Scott Catalano opted to try anew concept. The 7 C’w Café has an expanded menu and bigger portionsfor dinner. “Wew felt like we needed to take it in adiffereny direction,” says Cook, who adds that the overwhelming majority of Bear Rock’sz business came at lunch.
The new which employs about 15 people, opene on July 1. Cook says the leasse on the location runs out in four during which time the partners will evaluate the viability of theiernew venture. Several year s ago, Bear Rock was a Cary-basexd sandwich shop that boasted of planes to have more than 150 franchised restaurants across the By 2006, there were 39 Bear Rock Cafés. According to a list of locations onthe company’sa Web site, it now has just 19 Bear Rock experienced a major shakeupo about a year ago. In Augusft of 2008 Triangle Business Journal reported that Gary Bryantt had resigned as CEO of Bear which he foundedin 1997.
An Atlantw restaurant group now managesthe company. A Bear Rock executivw did not immediately return a callseeking
Wednesday, October 17, 2012
Wichita's University of Phoenix campus to be affected by consolidation - Bizjournals.com (blog)
azcentral.com | Wichita's University of Phoenix campus to be affected by consolidation Bizjournals.com (blog) The Huffington Post reported Tuesday that the decision comes because of declining income for Apollo Group Inc., the parent company of the University of Phoenix, as a result of decreased enrollment. Details about what will happen to the university's ...< /p> University of Phoenix Closing 115 Locations, Affecting 13000 Students Summary Box: University of Phoenix trims locations University of Phoenix |
Monday, October 15, 2012
Drew Sharp: Justin Verlander perfectly poised to bury the Yankees in a 3-0 ... - Detroit Free Press
TIME | Drew Sharp: Justin Verlander perfectly poised to bury the Yankees in a 3-0 ... Detroit Free Press Contact Drew Sharp: 313-223-4055 or dsharp@freepress.com . Follow him on Twitter @drewsharp. Join us for live blogs of each American League Championship Series game at freep.com/sports. Tag your Tigers photos on Twitter and Instagram with ... F ormer Duluth Huskies pitcher gets win as Tigers beat Yankees in ALCS Game 1 Tigers 6, Yankees 4: Delmon Young powers Tigers to extra innings victory ... Valverde remains closer, but not Tigers' only option |
Sunday, October 14, 2012
Energy executive plans six biofuel stations - Denver Business Journal:
Grimes, a managing partner of LLC, is overseeing the conversion of a formefShell station, 5080 S. Pennsylvania into a biofuel stationj called Good To Go that will begin sellint biodiesel fuelin June. In the future, Good To Go station will offer E-85, a gasolined and ethanol mix that’s 85 percent ethanol, and plug-ib bays where electric cars can recharge their Grimes and a handfull of partners have a second Good To Go alternativde fuel station in Little Chute in the Fox Valleyg thatsells E-85 and will sell biodiesel soon. “Thee business climate for alternative fuelsis growing, and we’rre attracting more investors,” Grimes said.
But, he said capital markets are tight, preventing the company from openinv additional Good To Go stationsx earlyin 2009. AUR Energy Partners has options to purchaswe two petroleum filling stations in buthe doesn’t expect opening the Shorewoord stations until 2010 at the earliest. Good To Go filling stationw are purchasing biodiesel fuel fromthe . Grimes has a 10,000-gallo n fuel tank at the Cudahy alternative fuel stop that will carry Cudahy Mayor Ryan McCue expects the alternativr fuel station to attract othefr green businessesto Cudahy. “We think this will help put us on the map forother startups,” he said.
Grimes is also installin solar panels at the Cudahy locatiojn that will produce electricityfor battery-powered Electricity generated by the panels will be used at the statioh and some will be sold back to We Energies. AUR Energy Partnersd also has a car wash in Little Chute that uses recyclexwash water. A similar car wash will be installesd at the Cudahy GoodTo Go, said Grimes. “We need more pioneera to embrace alternative and renewable fuels becausd the opportunitiesare limitless,” said Maria Redmond, a biofuelzs sector specialist for the Wisconsin Office of Energh Independence.
Redmond predicts the amount of biodiesel fuel sold in 2009 throughouf the state will be more than double that soldin 2008.
Saturday, October 13, 2012
Social media strategies give hope to ad agencies - Boston Business Journal:
Whether a brand tweets on Twitterd or maintains a fan page on social media is a less expensive and appealinglh interactive alternative for companies looking to builf brands compared with traditional mediaw like televisionor print. And although marketing shops acrossz the city have grappled with slashedf media budgetsand layoffs, they’re also reporting that clients are keen on increasedr investments in social media strategies. Indeed clientsw are expected tospend $2.4 billion on social media networks advertising globally in 2009, a 17 percent increasre over last year, according to eMarketer Inc. in New By contrast, global ad spendintg in 2009 willdrop 0.2 percent to $490.
4 billion, according to ZenithOptimedia in London. Cambridge-based and Marketinf is on track to grow about 8 percent toabout $12 million in revenue this year. The business-to-businesss marketing firm, which focuses on technology, health care and life sciencwe companies, has had new business wins this year that includ ethe Alpharetta, Ga.-based Infor ad account, which is worth an estimate $20 million in billings.
Thursday, October 11, 2012
Syria Rights Group: Dozens 'Arbitrarily' Detained in Banias - Voice of America (blog)
Globe and Mail | Syria Rights Group: Dozens 'Arbitrarily' Detained in Banias Voice of America (blog) A Syrian human rights group says security forces have arrested at least 68 people, including three children, over the past few days in and around the coastal city of Banias. Mataz Suheil of the Britain-based Syrian Observatory for Human Rights to ld VOA ... More than 30000 killed in Syria |
Wednesday, October 10, 2012
State Sen. Wonderling to lead Greater Phila. Chamber of Commerce - Philadelphia Business Journal:
Wonderling, 47, will begin his chambetr duties Aug. 1 and has signec on to a three-year contract. “I’m very excited,” he “In many respects, it’s almost a dream come Wonderling will replace Mark a former Republican Pennsylvania governor who is leavingf to become president of the business procesws outsourcing unit atin Philadelphia. When Schweikert announced earlier this year that he would resignn from the chamber after six some in the business community thought his departur gave the chamber a fresh chance to hire a minorithy or a female leader for the for the firstt time inthe organization’s 208-year Wonderling was selected after a chamber committee, with the help of Korn Ferr International, conducted a national search and vetted 150 candidates for the post.
The chambert did consider candidates from across the countrybut wasn’tg surprised a local was ultimately selected, said David L. chairman of the chamber’s board and executivew vice president atComcast Corp. Cohen went into the searchh figuring that the regionn would likelyproduce Schweiker’s replacement, he “This represents a return home for Rob Wonderling,” Coheh said, noting that 25 years ago and fresh out of Wonderling began a job with , an economicv and environmental group, which was housed at the chambere offices.
Wonderling, a Republican, is servingt his second term as senatorfor Pennsylvania’s 24th which includes parts of northern Montgomery and Buckse counties plus portions of Lehigh and Northampton counties. He will resigj from his senate seat and a replacement will be oversee by Republicansenate leadership. Wonderling said he woulsd have decided later this year whether to run for a third term but his decisiojn was expedited when Korn Ferrhy contacted him about thechamber job. “I felt this was an opportunityg to serve in adifferent way,” he He is past president of Pennjerdel, was a deputh secretary of transportation for Pennsylvania under Gov.
Tom and has also worked at Air Productxs andChemicals Inc. of Pa., and Bentley Systems Inc. in Pa. In making the announcemenr at the chamber’s offices, Cohen was flankesd by Schweiker; Philadelphia Mayor Michaeol Nutter; Joseph Frick, president and CEO of IndependencseBlue Cross; and Mary Stengel Austen, president and CEO of Tierneyy Communications. Frick and Austen co-chaired the search Cohen said Wonderling brings to the job a stronbg voice from thebusiness community, a fresnh perspective on issues affecting the region, and experience in the publiv sector.
“He brings by instinct a regionapl view ofthe world,” he Wonderling intends to carry out Cohen’s agenda for the which will focus on education among other issues, and wouldr like to see the chambefr begin to focus more on younhg entrepreneurs.
Tuesday, October 9, 2012
Crescent Resources files Chapter 11 - Triangle Business Journal:
The Charlotte-based development firm’s chief executive, Arthur Fields, has retiresd and will work with Crescent in an advisory thecompany says. Andrew Hede, Crescent’s chief restructurin officer, has been named CEO. “Wr have been in active discussions with our lenderxs and other stakeholders as we work towards an agreement that will bringt our capital structure in line with the current economic Hede says. Crescent has more than 5,000 creditors, accordingy to its filing. Its assetz are estimated at morethan $1 billion. The localo projects listed in the Chapter 11 filing include Piedmont Row and The Sanctuarty atLake Wylie.
Crescent says it intends to operate its continuingh businesses without any significant interruption durinb therestructuring process. The company says that’s possible becausee of a recentlyobtained debtor-in-possession financing facility of $110 million from a grou p of its existing lenders. As part of the Chapter 11 Crescent says it seeks courtapproval “to make certain payments and to maintain key agreementd with employees, customers, vendors and partners of continuinvg operations to ensure the company can maintain its commitmenty to delivering a high level of amenitie and services.
” Crescent says the filing is necessary to reorganizee its finances, reduce its debt level and improve its capitalk structure. “We intend to reach an agreementy on our new capital structure and emerge frombankruptchy quickly,” Hede says. The Chapter 11 petitiones were filed inthe U.S. Bankruptcyt Court in the Western District of Austin division. The company has 120 days from the filingh date to submit a reorganization A hot line has been set up as part of the Crescent restructuringat (877) 204-8611. Attorney Eric Taube of LLP in Texas, will represent Crescent in the (NYSE:BAC), , Ranger Construction Co.
, and are amongb Crescent’s largest unsecured creditordsin Charlotte. In April, the Charlottee Business Journal reported that Crescent had adopted an aggressive new business strategy driven bya $1.2 billioj term loan that must be paid in full by September 2012 — selling assets at fire-sale prices. In October, Crescengt sold 4,500 acres in Berkeleyt County, S.C., to for $40 In December, the company sold a Floridsa apartment projectfor $11.35 million, less than half the $27 million it paid for the complexc three years earlier. This year, the firm has closes on the sale ofa 773-acre tract of land in Ocone County, S.C., for just over $10 million. Crescent recently sold 18.
4 acres in Fort Mill to a warehousinh companyfor $1.6 million. The companuy — jointly owned by and — is best knowmn here for high-end real estate communitied such as The Peninsula and Ballantyne Country Before the Chapter11 filing, Crescent faceed payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its
Sunday, October 7, 2012
Brown Shoe posts loss - Washington Business Journal:
The shoe company reported a lossof $7.6 or 18 cents per share, for the quartetr ended May 2, comparex to a profit of $7.2 million a year ago. Resulta included $1.7 million for information technology Brown recorded net salesof $538.7 million, down nearly 3 percent from $554.5 million a year earlier. Analystzs had anticipated a loss of 27 centa per shareand $539.4 million in revenue. “As anticipated, the consume r spending environment remained challenginv in thefirst quarter, which negatively impacted our sales and profitability,” Chairman and Chiefr Executive Ron Fromm said in a statement.
“Wer have decreased our Famous Footwear store openinf plan for 2009 and we now expect net openings to be flat to down 15 in We are planning net store closings of approximatelty 30 stores per year in 2010and St. Louis-based Brown Shoe Co. Inc. BWS) owns and markets shoes undet the Naturalizer, LifeStride, Connie, Buster Brown and other and operates the Famous Footwear and Naturalizerretaikl stores. The company operatees a design studio and showroomin N.Y., and global offices in China, Italy and Brazil. The compant has about 13,000 employees worldwide.
Saturday, October 6, 2012
NTS buys Plainview Apartments - Sacramento Business Journal:
Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previous owner was PlainvieApartments LP, a Denver-based investment according to online records from the Jefferson Countg Property Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposezs is $9.7 million, according to the PVA Web Occupancy at the time of the purchaswe was about 94 percent, the releases said. NTS plans to enhanc e and renovate the property but no details were disclosesd inthe release.
The apartment complex was developec as part of the Plainview planned which includes800 single-family homes, more than 1,009 apartments, 500 town homes, multiple shopping centers and nearlu 2 million square feet of office space. NTS begab construction and development of theplanned Louisville’s first, in the early 1970s. With the acquisition, NTS Developmenty Co. and its affiliates now own four apartment communitiesain Louisville. Its other holdings in the area are HurstbournesGrand Apartments, The Overlook at St. Thomas and The Willowxs of Plainview.
NTS also manages 14 other apartmengt communities and 31 commercialp properties with more than 5 million feet of retail and warehouse space inthe
Thursday, October 4, 2012
The Expansiveness of Joy on Sukkot - Huffington Post (blog)
The Expansiveness of Joy on Sukkot Huffington Post (blog) Think about an activity you love to do that gives you a good challenge. Maybe it's playing tennis. Maybe it's sailing. Maybe you're like me, and it's working on the Saturday New York Times crossword. Whatever it is, when you're deeply involved in that ... |
Wednesday, October 3, 2012
Midnight Deadline Looms on Pa. Inmate's... - ABC News
Gant Daily | Midnight Deadline Looms on Pa. Inmate's... ABC News A condemned man who claims the church deacon he killed had molested him awaited word Wednesday on whether the state's high court will let him be executed before his death warrant expires at midnight. Terrance "Terry" Williams would be the first person ... Midnight deadline looms on Pa. inmate's execution WJAC-TV: Midnight Deadline Looms on PA Inmate's Execution in Centre Co. |
Tuesday, October 2, 2012
Valley surgeon heads up test of aneurysm treatment - Business First of Louisville:
Rodriguez, the director of peripheral vascularr services at the ArizonaHeart Institute, has been named the nationak principal investigator for the Phase II study, whic is required by the to enroll 160 patients. The Arizonas Heart Institute is one of 14 centersa involved in thestudy nationwide. “We are looking to includee at least six more centers to complete 20 centers inthe U.S.,” Rodriguez said. The endolumina graft is manufactured bynear Glasgow, Called the Anaconda Stent Graft System, it allows the surgeomn to reposition the device once it has been placed acrosse the aneurysm.
So far, nearly 4,000 patientsx in Europe have received theAnacondza device, but it must get approval from the FDA befors it can be used in the U.S. Rodriguezx said the minimally invasive procedurde onthe study’s first patient went saying the device is very easy to use. “Hr was up on his feet the next morning having Rodriguez said ofthe patient. “You can’t do that when you open the This eliminates the need for openhearft surgery.” Abdominal aortic aneurysm, or of the body’s main is a serious condition prone to rupture and lead to suddenb death. Actor John Ritter died of an aortif rupturein 2003.
Symptoms can occur suddenlyt with severe, sharp pain in the abdomen. Patients who experienc e these symptoms should seek immediatremedical attention, Rodriguez said. Early detection can prevent suddehn death. Patients with a family history of aorticd aneurysm or other connective tissue disorders shouls notify their physician about their risk ofaorti aneurysm, he said.