The Star-Ledger - NJ.com | 'Real Housewives of New Jersey' recap: Water, water everywhere Los Angeles Times And not a drop to ... . Yes, punsters among you, Hurricane Irene's mighty battering of the Franklin Lakes/Wayne area, known 'round here as Chez RHONJ, means not only that your faithful correspondent was ineluctably delayed by the loss of her literal, ... 'Real Housewives of New Jersey' episode 15 recap: Joe Gorga, sister Teresa ... Fan Proposes to Real Housewives of NJ's Teresa Giudice |
Tuesday, August 30, 2011
'Real Housewives of New Jersey' recap: Water, water everywhere - Los Angeles Times
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Sunday, August 28, 2011
Kroger 1Q earnings up - Dayton Business Journal:
lyubomiradete.blogspot.com
The grocer, which has 3,000 Dayton-area employees, said it earnedx $435.1 million, or 66 cents a share, in the quarter ended May 23. That compares with profit of $386 or 58 cents a share, in the same periodc a year ago. Kroget (NYSE: KR) said revenue for the quarter fell 1 percentto $22.u billion from $23.1 billion last year, thouggh sales excluding fuel grew 4 percent. Fuel pricees stood about 40 percent lower than a year ago duringgthe quarter, contributing to the decline, the companyu said. The company said it’s holding to a full-year shared earnings forecast ofbetween $2 and compared with $1.90 last fiscal year.
Salees at supermarkets open at least a year are projected to grow betweeh 3 percent and4 percent. Cincinnati-based Kroger operates more than 2,400 supermarkets and multi-department stores in 31 The company last fiscal yearearned $1.25 billion on $76 billio n in revenue.
The grocer, which has 3,000 Dayton-area employees, said it earnedx $435.1 million, or 66 cents a share, in the quarter ended May 23. That compares with profit of $386 or 58 cents a share, in the same periodc a year ago. Kroget (NYSE: KR) said revenue for the quarter fell 1 percentto $22.u billion from $23.1 billion last year, thouggh sales excluding fuel grew 4 percent. Fuel pricees stood about 40 percent lower than a year ago duringgthe quarter, contributing to the decline, the companyu said. The company said it’s holding to a full-year shared earnings forecast ofbetween $2 and compared with $1.90 last fiscal year.
Salees at supermarkets open at least a year are projected to grow betweeh 3 percent and4 percent. Cincinnati-based Kroger operates more than 2,400 supermarkets and multi-department stores in 31 The company last fiscal yearearned $1.25 billion on $76 billio n in revenue.
Friday, August 26, 2011
Congress threatening to pull commuter rail funds - Atlanta Business Chronicle:
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But a threat has emerged to thosefederal funds, jeopardizing a projectt that represents the first step in a plannefd commuter rail network radiating from the Georgiz capital in all directions. Leaders of the U.S. Housre of Rep-resentatives Transportation and Infrastructure Committeer sent a letter April 2 to House membersx warning of plans to pull federal funding from highwahy or transit projects approverd by Congress more than a decadd ago that have not been built due to the lack ofstatde and/or local matching money. The Lovejoy line was included inthe TEA-21 transportation reauthorization bill adopted by Congressw in 1998.
“It is a ‘use it or lose message to the committee spokesman JimBerardd said. “We just can’y let money sit therwe when other projects are readuy to goand don’t have funding.” The congressionalk warning marks another episode in Georgia’se topsy-turvy flirtation with commuter rail, marked alternatelyg by state and local officials’ support for, and oppositioj to, offering commuters a way out of traffic congestion. Just one day aftert the letterwas sent, the Genera Assembly adopted an $18.6 billion budget for 2010 with no money for Lovejoy. Yet last with gasoline pricesat $4 a gallon, Gov.
Sonny Perdue endorsed state funding of the line as a pilotr project and even called for it to be extendedr further southto Griffin. “There’s always some excuse ... and nothin g happens,” said Jim Dexter, vice president of the . congressional funding of commuter rail in Georgia was greeted enthusiastically bythe state’s political and transportation leaders. In the , a new agency steered through the legislatursby then-Gov. Roy and two other transportation agencies unveilecd an ambitious plan for two commuter rail linese and a seriesof inter-city passenge r routes with Atlanta as the hub.
Besides the Lovejoy envisioned as the firsrt leg ofan Atlanta-to-Macon commute r route, the plan also called for a commuter line connecting Atlanta and But support for passenger rail wanes after 2002, when Republican Perdue turnedd Democrat Barnes out of office and the GOP beganb a takeover of the General Assembly that was completeds in 2004. Republicans doubted ridership projections for the commuter linee in lightof Georgians’ affinity for their cars and questioned the wisdo of investing in the Lovejoy Similar reservations surfaced on the State Transportationn Board.
A critical juncturre came in September 2005, when a motion sought by Lovejoy’ supporters on the board to move ahead with the project barelyy survived ina 7-5 vote. The projectf also received a mixed reception from locap government officials along the planned The Clayton County Commission agreexd in 2005 tocover $4 million in annual operatingy costs for Lovejoy, only to rescind that vote in 2007 when a new grou p of commissioners took Michael Andel, chief of staff for U.S. Rep. Davidx Scott, D-Atlanta, said the local match is a smalkl but critical ingredient in thefunding mix. “Congressman Scotty absolutely wants thisto happen,” Andelp said.
“But he can’f fund the operating costs.” Following Perdue’ds endorsement of commuter raillast year, the Departmenf of Transportation asked for $15.1 million to matcjh the federal commitment to Lovejoy. But in an austerde budget climate brought on by a worsening thegovernor didn’t recommend funding commuter rail. “W e were finally getting some momentum towarxd implementing this thing and then the economy went south on us,” DOT spokesman David Spear With no immediate prospects for new state or local money for Lovejoy, Spear said the best the DOT can do is try to find existint state funds, including bonds, that could be put towarrd the project.
Beyond that, he said, statre transportation officials will seek to persuade Congresa not to follow through onits threat. Brianm Robinson, spokesman for U.S. Rep. Lynn R-Grantville, the only Georgiann on the transportation committee, said there’s probablyu still time for that Although the House plans to take up a new transportatioh reauthorizationbill soon, Robinson said the slower-moving Senate isn’t expected to consider it unti next year.
But a threat has emerged to thosefederal funds, jeopardizing a projectt that represents the first step in a plannefd commuter rail network radiating from the Georgiz capital in all directions. Leaders of the U.S. Housre of Rep-resentatives Transportation and Infrastructure Committeer sent a letter April 2 to House membersx warning of plans to pull federal funding from highwahy or transit projects approverd by Congress more than a decadd ago that have not been built due to the lack ofstatde and/or local matching money. The Lovejoy line was included inthe TEA-21 transportation reauthorization bill adopted by Congressw in 1998.
“It is a ‘use it or lose message to the committee spokesman JimBerardd said. “We just can’y let money sit therwe when other projects are readuy to goand don’t have funding.” The congressionalk warning marks another episode in Georgia’se topsy-turvy flirtation with commuter rail, marked alternatelyg by state and local officials’ support for, and oppositioj to, offering commuters a way out of traffic congestion. Just one day aftert the letterwas sent, the Genera Assembly adopted an $18.6 billion budget for 2010 with no money for Lovejoy. Yet last with gasoline pricesat $4 a gallon, Gov.
Sonny Perdue endorsed state funding of the line as a pilotr project and even called for it to be extendedr further southto Griffin. “There’s always some excuse ... and nothin g happens,” said Jim Dexter, vice president of the . congressional funding of commuter rail in Georgia was greeted enthusiastically bythe state’s political and transportation leaders. In the , a new agency steered through the legislatursby then-Gov. Roy and two other transportation agencies unveilecd an ambitious plan for two commuter rail linese and a seriesof inter-city passenge r routes with Atlanta as the hub.
Besides the Lovejoy envisioned as the firsrt leg ofan Atlanta-to-Macon commute r route, the plan also called for a commuter line connecting Atlanta and But support for passenger rail wanes after 2002, when Republican Perdue turnedd Democrat Barnes out of office and the GOP beganb a takeover of the General Assembly that was completeds in 2004. Republicans doubted ridership projections for the commuter linee in lightof Georgians’ affinity for their cars and questioned the wisdo of investing in the Lovejoy Similar reservations surfaced on the State Transportationn Board.
A critical juncturre came in September 2005, when a motion sought by Lovejoy’ supporters on the board to move ahead with the project barelyy survived ina 7-5 vote. The projectf also received a mixed reception from locap government officials along the planned The Clayton County Commission agreexd in 2005 tocover $4 million in annual operatingy costs for Lovejoy, only to rescind that vote in 2007 when a new grou p of commissioners took Michael Andel, chief of staff for U.S. Rep. Davidx Scott, D-Atlanta, said the local match is a smalkl but critical ingredient in thefunding mix. “Congressman Scotty absolutely wants thisto happen,” Andelp said.
“But he can’f fund the operating costs.” Following Perdue’ds endorsement of commuter raillast year, the Departmenf of Transportation asked for $15.1 million to matcjh the federal commitment to Lovejoy. But in an austerde budget climate brought on by a worsening thegovernor didn’t recommend funding commuter rail. “W e were finally getting some momentum towarxd implementing this thing and then the economy went south on us,” DOT spokesman David Spear With no immediate prospects for new state or local money for Lovejoy, Spear said the best the DOT can do is try to find existint state funds, including bonds, that could be put towarrd the project.
Beyond that, he said, statre transportation officials will seek to persuade Congresa not to follow through onits threat. Brianm Robinson, spokesman for U.S. Rep. Lynn R-Grantville, the only Georgiann on the transportation committee, said there’s probablyu still time for that Although the House plans to take up a new transportatioh reauthorizationbill soon, Robinson said the slower-moving Senate isn’t expected to consider it unti next year.
Wednesday, August 24, 2011
Source: NCR to move headquarters, 1,300 jobs to Georgia - Portland Business Journal:
uzirukynurylew.blogspot.com
The (NYSE: NCR) will move its headquarters and 1,2500 jobs to Duluth, Ga., as well as openin g a 550,000-square-foot manufacturing operation in Macon, Ga., that will employ up to 880 Officialsfor NCR, which has 1,300 workers in could not be immediately reached for commen t Monday night. An official from Ohio Gov. Ted Strickland'a office, who spoke to the Daytonn Business JournalMonday night, said NCR’s CEO Bill Nuti told Strickland that the compan has been eyeing Georgia for some time now. The , with localo officials expressing frustration that the company was not respondiny totheir requests. Georgia Gov.
Sonny Perdur is expected to make the official announcement Tuesdayh with NCR receiving tax incentives from the loca l officialsin Georgia. “They (NCR) can’ty recruit talent to move to Dayton, Ohio,” a sourcs told the Chronicle. Montgomery County Commissioner Dan sounding stunned when reachedMonday night, declined In the letter Strickland sent to NCR dated Mondag and obtained by the Dayton Business Journal, the governo said he was trying “to take one last opportunity to urge you to continuwe your operations in Ohio.” In the Ohio offers NCR $31.1 million worth of incentives to keep the operationes here.
Strickland's spokesperson declined officiaol comment until the announcemengtis made. NCR's departure woulds leave a vacant 1.3 million-square-foot, five-story officde building near Dayton's downtown that is already hurting from high vacancuy rates and jobs that have been leavinv the city during the pastseverak years. The loss of 1,300 high-paying jobs from the city will have a negativde impacton Dayton's income tax receipts at a time when the city has facerd multi-million dollar budget deficits that have causesd it to reduce its workforcer and cut services.
Rashaed Young, Dayton city manager, said the city reachecd out to NCR multiple times in recent and that the city did all it could to engage the OhioState Sen. Jon Husted, R-Kettering, said he will retainm hope until the company makes anofficialp announcement. “We have on multiple occasions reached out to NCR in an attemp t to identify ways to secure their jobs and grow and be successfuplin Ohio,” Husted said Monday evening. “I am not willinhg to give up hope.” Phil president and CEO, left a voice message after business hoursz for a reporter Mondat saying he hadno information.
Toni director of marketing and communications for theDaytom Chamber, did not return calls seekinb comment. The Dayton Chamber is one of the lead private groups in the city responsible for retention ofexisting companies. In NCR said it would move its Worldwidd Customer Services headquarters to anAtlanta suburb, investiny $15 million and creating more than 900 jobs in the suburbx of Peachtree City and Deluth. The states of Georgia provided morethan $8 million in incentives, accordintg to officials. NCR, foundecd locally in 1884, is the Daytonb region’s second largest company, with 20,000p global employees and $5.3 billion in revenue in 2008.
The which sells ATMs and retailautomation systems, is Dayton’s lone remaining Fortune 500 company. At one the company had more than 18,000 employeee in the Dayton area, but that number has dwindledr during the pastseveral decades. As recently as two years ago, NCR had aboutr 2,000 Dayton employees. That number has declined by abouy 700 workerssince 2007. In 2007, NCR announced it was relocatinv its executive offices to New York City and leasing an entire floofr of the 7 World TradeCenterr building. But, on paper, its headquarters remainee in Dayton.
In March, the company also told employees it is undergoingf a structural reorganization and would cut an unknowmn amount of itsglobalp workforce. That same month, the company removedx the language “world headquarters” from the sign at its Daytohn campus, though it said at the time it wasjust
The (NYSE: NCR) will move its headquarters and 1,2500 jobs to Duluth, Ga., as well as openin g a 550,000-square-foot manufacturing operation in Macon, Ga., that will employ up to 880 Officialsfor NCR, which has 1,300 workers in could not be immediately reached for commen t Monday night. An official from Ohio Gov. Ted Strickland'a office, who spoke to the Daytonn Business JournalMonday night, said NCR’s CEO Bill Nuti told Strickland that the compan has been eyeing Georgia for some time now. The , with localo officials expressing frustration that the company was not respondiny totheir requests. Georgia Gov.
Sonny Perdur is expected to make the official announcement Tuesdayh with NCR receiving tax incentives from the loca l officialsin Georgia. “They (NCR) can’ty recruit talent to move to Dayton, Ohio,” a sourcs told the Chronicle. Montgomery County Commissioner Dan sounding stunned when reachedMonday night, declined In the letter Strickland sent to NCR dated Mondag and obtained by the Dayton Business Journal, the governo said he was trying “to take one last opportunity to urge you to continuwe your operations in Ohio.” In the Ohio offers NCR $31.1 million worth of incentives to keep the operationes here.
Strickland's spokesperson declined officiaol comment until the announcemengtis made. NCR's departure woulds leave a vacant 1.3 million-square-foot, five-story officde building near Dayton's downtown that is already hurting from high vacancuy rates and jobs that have been leavinv the city during the pastseverak years. The loss of 1,300 high-paying jobs from the city will have a negativde impacton Dayton's income tax receipts at a time when the city has facerd multi-million dollar budget deficits that have causesd it to reduce its workforcer and cut services.
Rashaed Young, Dayton city manager, said the city reachecd out to NCR multiple times in recent and that the city did all it could to engage the OhioState Sen. Jon Husted, R-Kettering, said he will retainm hope until the company makes anofficialp announcement. “We have on multiple occasions reached out to NCR in an attemp t to identify ways to secure their jobs and grow and be successfuplin Ohio,” Husted said Monday evening. “I am not willinhg to give up hope.” Phil president and CEO, left a voice message after business hoursz for a reporter Mondat saying he hadno information.
Toni director of marketing and communications for theDaytom Chamber, did not return calls seekinb comment. The Dayton Chamber is one of the lead private groups in the city responsible for retention ofexisting companies. In NCR said it would move its Worldwidd Customer Services headquarters to anAtlanta suburb, investiny $15 million and creating more than 900 jobs in the suburbx of Peachtree City and Deluth. The states of Georgia provided morethan $8 million in incentives, accordintg to officials. NCR, foundecd locally in 1884, is the Daytonb region’s second largest company, with 20,000p global employees and $5.3 billion in revenue in 2008.
The which sells ATMs and retailautomation systems, is Dayton’s lone remaining Fortune 500 company. At one the company had more than 18,000 employeee in the Dayton area, but that number has dwindledr during the pastseveral decades. As recently as two years ago, NCR had aboutr 2,000 Dayton employees. That number has declined by abouy 700 workerssince 2007. In 2007, NCR announced it was relocatinv its executive offices to New York City and leasing an entire floofr of the 7 World TradeCenterr building. But, on paper, its headquarters remainee in Dayton.
In March, the company also told employees it is undergoingf a structural reorganization and would cut an unknowmn amount of itsglobalp workforce. That same month, the company removedx the language “world headquarters” from the sign at its Daytohn campus, though it said at the time it wasjust
Sunday, August 21, 2011
Federal cuts strain Indiana job-training efforts - News Sentinel
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Federal cuts strain Indiana job-training efforts News Sentinel From AP INDIANAPOLIS รข€" Indiana is running short of funds to help Hoosiers develop job stills at a time when unemployment remains a persistent problem for many residents. The Indianapolis Business Journal reports that the state's share of federal ... |
Friday, August 19, 2011
List of GM dealerships to close in Minnesota grows - Kansas City Business Journal:
xotavaloso.blogspot.com
The industry group said a survey of its members founs that 109 of the 149 GM dealers in the state will either lose a particular GM be forced to drop some competinv manufacturer brands in theirGM stores, or lose their stores The number of outrighr shutdowns has grown; a month ago, GM indicateed that 30 dealers would close. After the giangt automaker’s plunge into bankruptcy June 1, roughly 3,600 dealerd nationwide received newsales agreements.
The owneres of about 1,350 othefr dealerships were notified that they needed to wind down asGM That’s in addition to the 1,109 that received similar messages last month as part of GM’x restructuring, which involves keeping only top dealere and brands. The new agreements also may require surviving dealers to upgrade their And there may not be very much dealerzs can doabout it, . (subscriptiobn required). GM expects the closings to start this year and wrap up by the fallof 2010. In a pressa release Friday, Scott Lambert, executive vice presidenr of the Minnesota Auto Dealers criticized GM’s decision to have dealers sign new salexs agreements with the manufacturer.
“Besides the tragid and inexplicable shutdown ofprofitable stores, GM seems determine to use bankruptcy as an opportunity to shake up everybody’a business,” he said. “I t appears to us that every Pontiac dealer in the state was informe that Pontiac as a brand will ceaseto exist. “In addition, GM is eliminatinf many Cadillac dealerships. We believ they plan to reassignm some of these franchises which would be in violation of statwe law regulatingfranchise agreements.” Lambert also blasted GM’w decisions to close so many stores, even some that are turningf a profit. “This compangy is lost right now.
I just don’t understanfd how you sell more cars withfewer outlets,” he Susan Garontakos, a spokeswoman for the automaker, declinerd to comment on the trade association’s press releass because she said the information about what was closinfg was confidential and because its such an emotional time for all of the partiesw involved. She said the companuy selected which dealerships to close after a carefulp analysis that beganin April. “The reality is we don’t have enougyh customers buying vehicles and we have a lot of outleta that are in place to support a muchlargef market.
”
The industry group said a survey of its members founs that 109 of the 149 GM dealers in the state will either lose a particular GM be forced to drop some competinv manufacturer brands in theirGM stores, or lose their stores The number of outrighr shutdowns has grown; a month ago, GM indicateed that 30 dealers would close. After the giangt automaker’s plunge into bankruptcy June 1, roughly 3,600 dealerd nationwide received newsales agreements.
The owneres of about 1,350 othefr dealerships were notified that they needed to wind down asGM That’s in addition to the 1,109 that received similar messages last month as part of GM’x restructuring, which involves keeping only top dealere and brands. The new agreements also may require surviving dealers to upgrade their And there may not be very much dealerzs can doabout it, . (subscriptiobn required). GM expects the closings to start this year and wrap up by the fallof 2010. In a pressa release Friday, Scott Lambert, executive vice presidenr of the Minnesota Auto Dealers criticized GM’s decision to have dealers sign new salexs agreements with the manufacturer.
“Besides the tragid and inexplicable shutdown ofprofitable stores, GM seems determine to use bankruptcy as an opportunity to shake up everybody’a business,” he said. “I t appears to us that every Pontiac dealer in the state was informe that Pontiac as a brand will ceaseto exist. “In addition, GM is eliminatinf many Cadillac dealerships. We believ they plan to reassignm some of these franchises which would be in violation of statwe law regulatingfranchise agreements.” Lambert also blasted GM’w decisions to close so many stores, even some that are turningf a profit. “This compangy is lost right now.
I just don’t understanfd how you sell more cars withfewer outlets,” he Susan Garontakos, a spokeswoman for the automaker, declinerd to comment on the trade association’s press releass because she said the information about what was closinfg was confidential and because its such an emotional time for all of the partiesw involved. She said the companuy selected which dealerships to close after a carefulp analysis that beganin April. “The reality is we don’t have enougyh customers buying vehicles and we have a lot of outleta that are in place to support a muchlargef market.
”
Wednesday, August 17, 2011
Barbara J. Desoer Executive Profile
husolumiz.wordpress.com
About Barbara J. Desoer Barbara J. Desoer is presidenft of Bank ofAmerica Mortgage, Home Equitg & Insurance Services, the nation
About Barbara J. Desoer Barbara J. Desoer is presidenft of Bank ofAmerica Mortgage, Home Equitg & Insurance Services, the nation
Monday, August 15, 2011
Zale Corp. to close 115 jewelry stores - Atlanta Business Chronicle:
gavrilovaefivu.blogspot.com
The number is an increase over thejewelry chain's Januaryg announcement that it planned to close 60 unprofitablee stores over three months. The companyu said it expects to saveaboutt $34 million in expenses through fiscal 2010 with the reductiob in the number of Zales and otherf stores it operates, which will be closed as leasexs mature, Zale said. Zale did not release details on which storezs wouldbe closed. There are six Zalea stores in the Pittsburgh in Ross, Monroeville, West Mifflin, Monaca and at South Hills Village. Zale plans to slash $175 milliomn from its budget through cost andinventory reductions, including the eliminatiob of 245 jobs.
Of thosee job cuts, 75 were unfilled according tothe Irving, Tex.-based Zale Corp. (NYSE: ZLC) posted a loss of $23. million for its fiscal second quarter, down from a profity of $60.8 million durinvg the same quarterlast year. The company attributees its loss partly to charges related to goodwilll impairmentsand $5 million in expenses tied to storer impairments. Sales during the quarter hit $679 a 17.9 percent decline from $828 milliom the year-ago period. Neal Goldberg, the company’xs CEO, said Zale's operating results were impactexd negatively by thestruggling economy, as well as a drop in grosxs margin attributed to storewide discounts during the holiday shoppingh season.
The number is an increase over thejewelry chain's Januaryg announcement that it planned to close 60 unprofitablee stores over three months. The companyu said it expects to saveaboutt $34 million in expenses through fiscal 2010 with the reductiob in the number of Zales and otherf stores it operates, which will be closed as leasexs mature, Zale said. Zale did not release details on which storezs wouldbe closed. There are six Zalea stores in the Pittsburgh in Ross, Monroeville, West Mifflin, Monaca and at South Hills Village. Zale plans to slash $175 milliomn from its budget through cost andinventory reductions, including the eliminatiob of 245 jobs.
Of thosee job cuts, 75 were unfilled according tothe Irving, Tex.-based Zale Corp. (NYSE: ZLC) posted a loss of $23. million for its fiscal second quarter, down from a profity of $60.8 million durinvg the same quarterlast year. The company attributees its loss partly to charges related to goodwilll impairmentsand $5 million in expenses tied to storer impairments. Sales during the quarter hit $679 a 17.9 percent decline from $828 milliom the year-ago period. Neal Goldberg, the company’xs CEO, said Zale's operating results were impactexd negatively by thestruggling economy, as well as a drop in grosxs margin attributed to storewide discounts during the holiday shoppingh season.
Friday, August 12, 2011
InFocus shareholders accept takeover offfer - Portland Business Journal:
http://medievalbadges.org/p3nlinkisbn.html
Hui’s planned acquisition of the Wilsonville-based projectod maker was contingent upon a tendefr offer of at least 65 percent ofoutstandin shares. The offer closef Friday, with 91 percent of all outstandinb shares validly tendered or not The InFocus board on May 15 announcec that it had acceptedthe $39 or 95 cents per deal offered by Hui’s , while rejectin g an unidentified second bidder the boars said failed to submit a binding proposakl despite three weeks of negotiations. Huil said Tuesday the acquisitiob will close by the end ofthis week. Aftee the shares change hands, he will merge InFocuzs into Image Holdings.
Hui, who has said littlre about his plansfor InFocus, is knowm mostly as principal founder of computer-maker Inc, raisingh it from its infancy to a companyh with revenue exceeding $1 He took eMachines private in Decembe 2001 in a deal valued at $152 milliob and three years later sold the company to in a roughlty $290 million cash and stock deal. Afted being rebuffed in a 2006 attempyt to buy Gatewayfor $450 million, Hui acquirede a 75 percent stake in Dutc h computer distributor for an undisclosedf amount, though some published reportes called it a $90 million deal.
A year he sold his controlling interest in Packarsd Bell to Gateway for an undisclosed Among his current ventureasis Fugoo, a start-up with fellow eMachines alums that is developing a product to enabler household appliances and other products to communicate via the Internet. is a partne r in the venture. InFocus is considered a pioneer in digitapl projection technology and was first to marke t with innovativedigital projectors. But a delug e of Asian competitors drove projectorprices lower, making it an unprofitablee business for a small company like InFocus.
“InFocuxs is a great brand and I assign significant valuer tothe company’s extensive network of channel innovative history and product leadership,” Hui said in a news “I look forward to working with the InFocusw management to return the company to a dominang position in the industry.” InFocus CEO Bob O’Mallet called Hui’s pending acquisition just anothet chapter in InFocus’ evolving story. “We will be able to shed the complexit of the publicfinancial markets, prioritize longer-termn objectives and focus on what matteras most to our customers — delivering innovativw projection solutions.
” Thomas Weisel Partnerxs LLC served as financial advisor to InFocusx and its board of directors, and Garvety Schubert Barer acted as legap advisor.
Hui’s planned acquisition of the Wilsonville-based projectod maker was contingent upon a tendefr offer of at least 65 percent ofoutstandin shares. The offer closef Friday, with 91 percent of all outstandinb shares validly tendered or not The InFocus board on May 15 announcec that it had acceptedthe $39 or 95 cents per deal offered by Hui’s , while rejectin g an unidentified second bidder the boars said failed to submit a binding proposakl despite three weeks of negotiations. Huil said Tuesday the acquisitiob will close by the end ofthis week. Aftee the shares change hands, he will merge InFocuzs into Image Holdings.
Hui, who has said littlre about his plansfor InFocus, is knowm mostly as principal founder of computer-maker Inc, raisingh it from its infancy to a companyh with revenue exceeding $1 He took eMachines private in Decembe 2001 in a deal valued at $152 milliob and three years later sold the company to in a roughlty $290 million cash and stock deal. Afted being rebuffed in a 2006 attempyt to buy Gatewayfor $450 million, Hui acquirede a 75 percent stake in Dutc h computer distributor for an undisclosedf amount, though some published reportes called it a $90 million deal.
A year he sold his controlling interest in Packarsd Bell to Gateway for an undisclosed Among his current ventureasis Fugoo, a start-up with fellow eMachines alums that is developing a product to enabler household appliances and other products to communicate via the Internet. is a partne r in the venture. InFocus is considered a pioneer in digitapl projection technology and was first to marke t with innovativedigital projectors. But a delug e of Asian competitors drove projectorprices lower, making it an unprofitablee business for a small company like InFocus.
“InFocuxs is a great brand and I assign significant valuer tothe company’s extensive network of channel innovative history and product leadership,” Hui said in a news “I look forward to working with the InFocusw management to return the company to a dominang position in the industry.” InFocus CEO Bob O’Mallet called Hui’s pending acquisition just anothet chapter in InFocus’ evolving story. “We will be able to shed the complexit of the publicfinancial markets, prioritize longer-termn objectives and focus on what matteras most to our customers — delivering innovativw projection solutions.
” Thomas Weisel Partnerxs LLC served as financial advisor to InFocusx and its board of directors, and Garvety Schubert Barer acted as legap advisor.
Wednesday, August 10, 2011
Industry veteran Trish Hanchette will head up Lennar
edovogopu.wordpress.com
Hanchette served four years as president ofKB Home’s Triangl division before she left the company in Decembee after a restructuring of management. Priot to joining KB, she was divisio n president ofColony Homes. She is an activr board member for the Raleigg Wake County Home Builderw Association and the Raleigh Chamberof “We are extremely honored to benefit from Trish’s expertise and vast knowledge of the home-building industr in this market,” said Sam president of Lennar’s southeast “Trish is an exceptional leader with a long list of achievementsx and community involvement.
Our company firmly believesd she will make an excellent addition to the team and has the energ y and experience to lead the Raleigh divisiohn to anew level.” Lennar, which has its headquarters in Miami, Fla., maintained its No. 11 rankinf among the largest residential builders in the Trianglrin 2008, having completed 205 homeds valued at a total of $49.7 million, according to a recenr Triangle Business Journal survey. KB Home droppe d from No. 1 to No. 3 in its ranking of Triangl e home buildersin 2008, havinhg completed 515 homes valued at $119 million.
Hanchette will oversee land lot development, home-building activities as well as salexs and marketing for the LennarRaleigh division.
Hanchette served four years as president ofKB Home’s Triangl division before she left the company in Decembee after a restructuring of management. Priot to joining KB, she was divisio n president ofColony Homes. She is an activr board member for the Raleigg Wake County Home Builderw Association and the Raleigh Chamberof “We are extremely honored to benefit from Trish’s expertise and vast knowledge of the home-building industr in this market,” said Sam president of Lennar’s southeast “Trish is an exceptional leader with a long list of achievementsx and community involvement.
Our company firmly believesd she will make an excellent addition to the team and has the energ y and experience to lead the Raleigh divisiohn to anew level.” Lennar, which has its headquarters in Miami, Fla., maintained its No. 11 rankinf among the largest residential builders in the Trianglrin 2008, having completed 205 homeds valued at a total of $49.7 million, according to a recenr Triangle Business Journal survey. KB Home droppe d from No. 1 to No. 3 in its ranking of Triangl e home buildersin 2008, havinhg completed 515 homes valued at $119 million.
Hanchette will oversee land lot development, home-building activities as well as salexs and marketing for the LennarRaleigh division.
Monday, August 8, 2011
Colorado is more than mountains - bizjournals:
http://nomargraphics.com/others/KMA/escuela_montessori.html
But during the two recessions that have hit tourism leaders have watched people get more frugal withtravel dollars, and learnex a little about their One of their key notations is that those who come even in the bad times — or those who wandee across their own state to save money rathere than leave it — are looking for more than just scenerhy to make their vacations memorable. And so, new phrasez have permeated both the thinking of those leaders and the promotional material thatextols Colorado’s virtuese to travelers.
They are terms such as cultural culinary tourism, and beer and wine They’re making a big mark and startingv to diversify the state’s tourism landscape. “In the earl y days, if it didn’t involve snow or it wasn’t really said Doug Caskey, executive director of the . “Now the Tourism Officee is involving all kinds ofother tourism, such as heritages tourism and agritourism ... Most people just think about coming to Coloradoto ski. They don’t usually think about coming to Colorado to visit a winery or have aculinarhy vacation. But that is changing.
” Accordingb to the 2007 Longwoods Visitor Profile Stud commissioned bythe , more peoplwe still come to the Centennial Stater searching for the outdoors than anything else. Mountain s are the prime attraction, accordin g to 44 percent of thosw surveyed. Wilderness, lakes and the natural environment all rankedc in thetop 10. But smal l towns, historic towns and historic area — all hallmarks of cultural heritagstourism — ranked in the top eight as well. Nearlg three times as many people visit breweries in Colorado as elsewherre in theUnited States, and archaeological-site and historic-culture activitiezs also outpace the nationall norm, the study noted.
As such, stat e officials who flew recentlyto Dallas, Houston and Los Angeles to talk to travek writers led the discussions with then shifted to other highlights, said Kim director, Colorado Tourism Office (CTO). Pitching the state now involvesz mentioning its 73 wineries and 99craft breweries, its myriar festivals and its three-year push to establish culturapl heritage tours in different areas of she said. The CTO and also push the nonrecreationall side of Colorado tourism as it reaches out both to residentz and nonresidents to tourthe state.
Both groups have set up websites advertising deals at places ranging from historic homes tolocal “I think it’s easier to promotes the state,” McNulty said of the diversity of “Colorado has so many thing s to do, from a lower-budget-conscious type of vacation to a more luxuriouz type of vacation.” Travelers’ new interests have led to side industries. For two wine tour companies have begujn operatingin Denver. Groups also have begun that organizse “voluntourism” trips that bring people either into or out of Colorado to spend vacations helpingh environmental and socialwelfare causes.
The growthh of choices also has meant that tourisjm officials are advertising Colorado in new places to try to hook specific travelers. Jayne Buck, vice presidentr of tourism forVisif Denver, said the local convention and visitorws bureau is reaching out more to Hispanic travelers, and to gay and lesbianj travelers, both viewed as growinb tourist segments. Its pitch isn’t any different to these groups than to the populationat large, but citiesa that make an effortf to speak to those groups in publications aimed at them have had rewards, she A booming cultural heritagr or wine industry doesn’t just benefit the proprietors of establishmenta that fit into those categories, noted Bob Witham, co-owner of in Grand Junction.
Those who come to the state to see one type of site also have to eat in sleep in hotels and probably visit otheer destinations while they areout here, he and otheres said. “A business like ours makes quite an impact on an individual Witham said. At a time when many businesses and governments are cuttinfg back drasticallyon spending, tourismk promotion in Colorado has been nickedd only slightly. After a lengthh debate over whether to cut tax dollars going to a program that will bring in more tax the Legislature this year cut only 25 percent of the CTO marketing leaving itat $15.6 million, McNulth noted.
With that budget, the office can continu giving grants to develop culturalheritage tours, she said. And it can continur to employ new marketing techniques to reach peopl e who just as much like to sip a localluy made syrah while sauntering through the Snow Goose Festival as thosew who come here to schuss downthe slopes. “Wde are blessed to live in a stater that literally has something for McNulty said. Travel bargains: Want a tourism deal this summer? The city of Denvetr and the state of Colorado both are engaging in efforts to attract area tourists with deals offered bylocakl businesses. To see those promotions, go to www.hotdealscolorado.com or www.denve r 5280deals.com. $9.
8 billion: Amount of annual spending by overnight visitoras toColorado $15.6 million: Marketing budget allocated to Coloradol Tourism Office 200,000: Number of peoplre employed in tourism, second among Colorado industries
But during the two recessions that have hit tourism leaders have watched people get more frugal withtravel dollars, and learnex a little about their One of their key notations is that those who come even in the bad times — or those who wandee across their own state to save money rathere than leave it — are looking for more than just scenerhy to make their vacations memorable. And so, new phrasez have permeated both the thinking of those leaders and the promotional material thatextols Colorado’s virtuese to travelers.
They are terms such as cultural culinary tourism, and beer and wine They’re making a big mark and startingv to diversify the state’s tourism landscape. “In the earl y days, if it didn’t involve snow or it wasn’t really said Doug Caskey, executive director of the . “Now the Tourism Officee is involving all kinds ofother tourism, such as heritages tourism and agritourism ... Most people just think about coming to Coloradoto ski. They don’t usually think about coming to Colorado to visit a winery or have aculinarhy vacation. But that is changing.
” Accordingb to the 2007 Longwoods Visitor Profile Stud commissioned bythe , more peoplwe still come to the Centennial Stater searching for the outdoors than anything else. Mountain s are the prime attraction, accordin g to 44 percent of thosw surveyed. Wilderness, lakes and the natural environment all rankedc in thetop 10. But smal l towns, historic towns and historic area — all hallmarks of cultural heritagstourism — ranked in the top eight as well. Nearlg three times as many people visit breweries in Colorado as elsewherre in theUnited States, and archaeological-site and historic-culture activitiezs also outpace the nationall norm, the study noted.
As such, stat e officials who flew recentlyto Dallas, Houston and Los Angeles to talk to travek writers led the discussions with then shifted to other highlights, said Kim director, Colorado Tourism Office (CTO). Pitching the state now involvesz mentioning its 73 wineries and 99craft breweries, its myriar festivals and its three-year push to establish culturapl heritage tours in different areas of she said. The CTO and also push the nonrecreationall side of Colorado tourism as it reaches out both to residentz and nonresidents to tourthe state.
Both groups have set up websites advertising deals at places ranging from historic homes tolocal “I think it’s easier to promotes the state,” McNulty said of the diversity of “Colorado has so many thing s to do, from a lower-budget-conscious type of vacation to a more luxuriouz type of vacation.” Travelers’ new interests have led to side industries. For two wine tour companies have begujn operatingin Denver. Groups also have begun that organizse “voluntourism” trips that bring people either into or out of Colorado to spend vacations helpingh environmental and socialwelfare causes.
The growthh of choices also has meant that tourisjm officials are advertising Colorado in new places to try to hook specific travelers. Jayne Buck, vice presidentr of tourism forVisif Denver, said the local convention and visitorws bureau is reaching out more to Hispanic travelers, and to gay and lesbianj travelers, both viewed as growinb tourist segments. Its pitch isn’t any different to these groups than to the populationat large, but citiesa that make an effortf to speak to those groups in publications aimed at them have had rewards, she A booming cultural heritagr or wine industry doesn’t just benefit the proprietors of establishmenta that fit into those categories, noted Bob Witham, co-owner of in Grand Junction.
Those who come to the state to see one type of site also have to eat in sleep in hotels and probably visit otheer destinations while they areout here, he and otheres said. “A business like ours makes quite an impact on an individual Witham said. At a time when many businesses and governments are cuttinfg back drasticallyon spending, tourismk promotion in Colorado has been nickedd only slightly. After a lengthh debate over whether to cut tax dollars going to a program that will bring in more tax the Legislature this year cut only 25 percent of the CTO marketing leaving itat $15.6 million, McNulth noted.
With that budget, the office can continu giving grants to develop culturalheritage tours, she said. And it can continur to employ new marketing techniques to reach peopl e who just as much like to sip a localluy made syrah while sauntering through the Snow Goose Festival as thosew who come here to schuss downthe slopes. “Wde are blessed to live in a stater that literally has something for McNulty said. Travel bargains: Want a tourism deal this summer? The city of Denvetr and the state of Colorado both are engaging in efforts to attract area tourists with deals offered bylocakl businesses. To see those promotions, go to www.hotdealscolorado.com or www.denve r 5280deals.com. $9.
8 billion: Amount of annual spending by overnight visitoras toColorado $15.6 million: Marketing budget allocated to Coloradol Tourism Office 200,000: Number of peoplre employed in tourism, second among Colorado industries
Saturday, August 6, 2011
AutoZone revenues, income rise again in third quarter - Memphis Business Journal:
http://www.gite-posada.com/saint-antonin-noble-val.html
The Memphis-based auto parts retailer reported net incomsof $173.7 million, or $3.13 per dilutex share, a 9.5 percent increasse compared to $158.6 million, or $2.48 per diluted share, for third quarter 2008. AutoZone AZO) also reported net salee of $1.6 billion for the quarter, a 6.7 percent increaswe compared to $1.5 billion in the year-ago The company opened 32 new storezs and closed one nationally in thethirfd quarter, while opening 10 new stores in Mexico. Also in the thirc quarter, the company repurchased $65 millio in common stock at an averagw priceof $145 per share.
Year-to-date, it has purchasex $396 million in common stocjk at an average priceof $130 per “We are pleased to reporgt our 11th consecutive quarter of doubld digit earnings per share growth,” AutoZonse president and CEO Bill Rhodes said in a statement. “Whiler the current economic environment, combined with the reduction in fuel prices compared tolast year, has clearly been beneficial to our industry's performance, we are very pleased with our organization'sx ability to capitalize on these favorable At the end of the third quarter, our balance sheer was in excellent condition, and we remain committer to our disciplined approach of growinbg operating earnings while utilizinhg our capital effectively.
” AutoZone has 4,1723 stores in 48 states, the District of Columbia and Puerto Rico and 168 stores in The company’s stock closed the day down 4.8 perceny to $155.04 per share.
The Memphis-based auto parts retailer reported net incomsof $173.7 million, or $3.13 per dilutex share, a 9.5 percent increasse compared to $158.6 million, or $2.48 per diluted share, for third quarter 2008. AutoZone AZO) also reported net salee of $1.6 billion for the quarter, a 6.7 percent increaswe compared to $1.5 billion in the year-ago The company opened 32 new storezs and closed one nationally in thethirfd quarter, while opening 10 new stores in Mexico. Also in the thirc quarter, the company repurchased $65 millio in common stock at an averagw priceof $145 per share.
Year-to-date, it has purchasex $396 million in common stocjk at an average priceof $130 per “We are pleased to reporgt our 11th consecutive quarter of doubld digit earnings per share growth,” AutoZonse president and CEO Bill Rhodes said in a statement. “Whiler the current economic environment, combined with the reduction in fuel prices compared tolast year, has clearly been beneficial to our industry's performance, we are very pleased with our organization'sx ability to capitalize on these favorable At the end of the third quarter, our balance sheer was in excellent condition, and we remain committer to our disciplined approach of growinbg operating earnings while utilizinhg our capital effectively.
” AutoZone has 4,1723 stores in 48 states, the District of Columbia and Puerto Rico and 168 stores in The company’s stock closed the day down 4.8 perceny to $155.04 per share.
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