Saturday, October 13, 2012

Social media strategies give hope to ad agencies - Boston Business Journal:

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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)

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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

Herald Sun



 »

Wednesday, October 10, 2012

State Sen. Wonderling to lead Greater Phila. Chamber of Commerce - Philadelphia Business Journal:

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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:

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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:

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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:

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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)

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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 ...



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