YRC Worldwide restructures executive team - Kansas City Business Journal:

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In a release, Overland Park-basef YRC (Nasdaq: YRCW) said Keithn Lovetro, former president of YRC Regional Transportation; Michael Rapken, former executive vice president and chiefinformatioh officer; Jim Ritchie, former president of YRC and Christina Wise, former vice president and will leave the company by June 30. YRC also detailedf the following appointments, effective immediately: John Garcia is executive vice president and chief sales officer. Garcia is responsibles for sales strategy and results throughouy YRC and its regional operating Garcia was president ofOverland Park-based ’s largest wireless business unit and chief marketing officedr for Sprint (NYSE: S).
Mike Smid, ’s presideng and COO, assumes responsibility for the operations of all YRC Worldwide regional andnational networks. • Tim Wicks, executive vice president and CFO, leads a newly consolidated organization comprising all strategi c and operational finance activities throughout YRCWorldwide companies. Sheila Taylor, vice president of finances andinvestor relations, assumes the role of treasurer, reportiny to Wicks. • Greg executive vice president and chiefmarketinv officer, will lead a consolidatee marketing effort, including brand and business development initiatives, supporting all YRC Worldwid e companies.
• Mike Naatz, executivwe vice president and chief information and service assumes responsibility for YRC Worldwidweinformation technology, YRC custome service and the strategic direction for the regional customefr service functions. Naatz continues to lead YRC Worldwide’s progra m management efforts, initially designed to suppor the successful integration of Yellosand Roadway. • John Carr assumes the role of president for YRC leading the YRC Worldwide global logisticsmanagement company. Previously, Carr was COO for YRC Logisticsw and president for the Americas and All the executives except Taylofr report directly to YRC Worldwide Chairma and CEOBill Zollars.
Dan Churay, executiv vice president, general counsel and and Jim Kissinger, executive vice presidenr of human resources, remainm in their current roles, reporting to YRC Worldwide said in the release that the changes will strengthenits “focus on critical areaes to streamline decision-making while eliminating redundantg efforts and costs.” “Today’s announcement is a strategic step as we take advantage of the full powetr of YRC Worldwide,” Zollars said in the release.
“ functional organization structure allows us to dedicat e an even broader team of seasoned experts to the suppory of our customers along all lines of our business clearly acompetitive YRC’s announcement follows rough road for the company and the trucking industry the past several months. YRC , or $4.34 a share, in the firsg quarter as the freighrt recession continued to weighdown performance. That compared with a loss of $46.367 million, or 82 cents a share, a year in federal bailout assistance forpension obligations. Company officials wouldn’t comment on the report.
More recently, the companu sold its headquarters to a group of local investors led by Ken Block andSteve Block, principals of Kansas City real estat e firm Block & Co. Inc. Realtors, in a sale-leaseback deal that includex apotential 30-year lease for YRC. The companhy didn’t disclose the price or buyer, and Ken Block said he couldn’ft comment because of a confidentiality but a YRC Securities and Exchange Commissiom filing suggested the purchase pricewas $22.65 million. YRC ranks No. 2 on the Kansas City Business Journal ’s list of area public companies.

Tree Transplanting Specialist Company Announces Latest Arrivals - PR.com (press release)

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Tree Transplanting Specialist Company Announces Latest Arrivals PR.com (press release) You should consult a tree transplanting specialist before attempting to plant one.” Ross Latham is the owner of Big Trees Inc. (http://www.bigtreesupply.com), located in Snohomish, WA, in the Seattle area. The company is one of the largest tree ... and more »

Apple sells 1M iPhones - Jacksonville Business Journal:

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software, according to a news The iPhone 3G S went on sale Fridayt inthe U.S. and sevemn other countries. Dallas-based is the iPhone's exclusive carrier in the Unitef States and has said it sold hundreds of thousandsa of phonesvia pre-order. Apple included a quote from CEO Stevee Jobs in itspress release, but is not commentinv on reports that he had a liveer transplant two months ago. “Customerxs are voting and the iPhonseis winning. With over 50,000 applications available from Apple’s revolutionary App iPhone momentum is strongerthan ever.
” Reports on the healthb of the 54-year-old CEO sent the stock down sharply at the beginning of the year, dropping shares to a 52-weeik low of $78.20. The company's stoc k has rebounded since then, however, closing up nearly 80 percen from those lows on Fridayat $139.48. Sharese were up 26 centw in morning trading.

Paterson names new leaders at budget office, tax department - The Business Review (Albany):

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Gov. David Paterson appointed Robert Megna as director of the stater Division ofthe Budget, which advises governors on financiak matters and helps craft their budget proposalds each year. Megna’s annual salary will be and he starts onJune 15. His appointment does not need approvak from thestate Senate. Megna replaces Lauraw Anglin, who is leavinf the budget division to head the Commission on Independent Collegesand Universities, which lobbies the state and federal governmentws on behalf of 111 private, nonprofig colleges and universities in New York.
Angli will serve as an adviserf to Megna untilJuly 15, and then begin her new job at the Megna had previously servedd as commission of the state Department of Taxatiohn and Finance. He has also workecd in other jobs with the state budget division and the On Thursday, Paterson also announced that Jamie Woodwars will take over for Megna at the tax Woodward graduated from in Troy in and earned a law degres from Albany Law School. She also holds an accountint certificate fromin Loudonville. Woodward has been with the tax department since 1980. She will continue to servre as its executive deputy commissioner while also servinyg asacting commissioner. Her annual salarhy will remain $154,300.
Woodward beginss her duties as actingy commissioner onJune 15, the day Megns starts his new job at the budget division.

Bauer takes stars from 17 banks - Business Courier of Cincinnati:

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The company uses federal regulatory data to rate banks based oncapital ratio, profit/loss trend, delinquent loans and othefr factors. Bauer's rating ranks from a high of 5 staras to a low of 0 in Coral Gables lost a star going to four fromfive (superior) stars. Four othera maintained their five-star ranking: American Nationao Bank, Oakland Park City Nationall Bankof Florida, Miami First National South Miami Intercontinental Bank, West Miamki in Miami rose to three stars from two. Firsr United Bank in Boca Rato and Biscayne Bank in Coconut Grove roseto 3.5 starzs from three. in Fort Lauderdale made four stars, up from 3.5. Severap banks went to 3.5 from four stars.
They are: , Homestead Doral-basee slipped again, this time to three stars from three-and-a-halg stars in the firs quarter. That’s down from four starw in the third quarter oflast year. Othere banks that slipped to threestarsz (good) from 3.5 are: Executiv National, Miami , Miami , Miami U.S. Centurty Bank, Miami Valley Fort Lauderdale Lydian Private Bank inPalm Beach, Grand Eastern Bank of Florida in Metro Bank of Dade and in Miami fell to two stars (problematic) from , Miami, in North Lauderdale and in Boca Ratobn fell a notch to one star, down from two in the fourtbh quarter.
Four banks retained zero stars, Bauer’se lowest rating: , Miami Republif Federal Bank, Miami , Miami Integrituy Bank, Jupiter

Local connection to Natalie Wood's death - WJXT Jacksonville

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Local connection to Natalie Wood's death WJXT Jacksonville Four people were arrested Wednesday and charged in connection with holdups of two Family Dollar stores and four Jacksonville convenience stores. When former Jaguars quarterback David Garrard was 16 years old, his mom died of breast cancer. ... and more »

England under-21 captain Jordan Henderson brands late defeat to Belgium 'a ... - Goal.com

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The Sun

England under-21 captain Jordan Henderson brands late defeat to Belgium 'a ... Goal.com At 1-0 up with less than 20 minutes to play, Stuart Pearce's young side looked set to pick up  »

Lie Detector Software Says Cain Truthful - NewsMax.com

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Jamaica Gleaner

Lie Detector Software Says Cain Truthful NewsMax.com "He is being truthful, tot »

Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:

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million. The Kansas City Businessa Journal reported that the PrairieVillage Shops, the Corinth Square shoppinb center in Prairie Village and the Fairway Shops in Fairwah were under contract to investorsd led by Lane4, a Kansas City-based commercial real estate brokerage and development firm. Highwoods (NYSE: HIW), baseds in Raleigh, N.C., disclosed the sale price in a Thursday The three shopping centers have a combined 2009 appraisedx value ofabout $64 million, according to figurez from the Johnson County Appraiser’s The three shopping centers contain 416,000 squarer feet combined and were, on average, 94.5 percent leasedf and 55 years old, Highwoods said.
The properties generate a combined annuall cash net operating income ofabouft $5.4 million. The new owners plan no “immediatew major changes” to the shopping centers, Jeff Berg, senioe vice president and principal of said in a separaterelease Thursday. “Wwe intend to enhance and upgrader the centers as opportunitie ariseover time, but thes e improvements will not change their basic character,” Lanee President Owen Buckley said in the “We look forward to taking good care of them and feel they representg an excellent opportunity to inves in our community.
” Kansas City developer Jesse Clyde Nichols built the grocery-anchorecd shopping centers in the mid-1900s, and the JC Nichols Co. sold them to Highwoodas in 1998.

Lewis: Feds pressured BofA on Merrill - St. Louis Business Journal:

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But some lawmakers questioneed how much of the pressure was actuallyu made by Lewis in an attemptg to secure more taxpayer aid forhis bank. “The Treasury Department provided $20 billion for a shotgujn wedding. But the questio is, who was holding the Rep. Edolphus Towns (D-New said during the hearing. The conducted by the House Committee on Oversightt andGovernment Reform, was focuse d on federal officials’ role in BofA’s purchased of Merrill Lynch. Charlotte-based BofA bought Merrill on Jan. 1 for $29.1 billion.
The deal resultec in BofA’s receiving an additional $20 billion in federal funde under the Troubled Asset Relief BofA has received a totalof $45 billioj in TARP funds. Lewis has been under intensse pressure from BofA shareholders for not disclosing the deptgof Merrill’s financial difficulties before the Merrill lost $15.3 billion in the fourth Lawmakers questioned Lewis on reports that he felt pressured by federall authorities, including Federal Reserve Chairman Ben Bernanke and formerd Treasury Secretary Henry Paulson, to go ahead with the deal in Decemberr as Merrill’s losses mounted. Lewis testified that BofA contacte officials atthe U.S.
Treasury and Federal Reserve in mid-December to inform them that thebank “ha d serious concerns about closing the BofA, he said, was considering declaring a “material adversed change,” which can allow an acquirer to back out of a proposeds deal. Lewis testified that Paulson toldhim BofA’ s management “would or could” be removede if the bank backed out of the When lawmakers pressed him Thursday on the allegedc threats by regulators, Lewis said both parties were concerner about making the best decisions for the health of the U.S. economg and BofA.
He explained that a decision that woulr harm the economy would also harm BofA becauses of its massive sizeand breadth. Lewis testified that he wasn’tf intimidated by the threat of losing his job but bythe “seriousnesxs of the threat” and the ramifications on the overall economy had an influencr on his decision. “Just six months later, it is easy to forge t just how close to the brink oursyste came,” Lewis said. “I will never Still, some lawmakers suggested Lewis should have knowabout Merrill’s losses before December.
They pointed out an e-mailo in which Bernanke suggested Lewis’ threat to back out of the Merrill deal wasa “bargaining chip.” Lawmakersd also pointed to other e-mails from regulators suggesting claims about surprising losses were “noft credible.” Rep. Dennis Kucinich (D-Ohio), among others, suggested the e-mails indicated Lewis threatened to call off the Merrilol deal as a way to land moregovernmenr aid. “It’s quite possible it was Bank of Americw that put a gun to the head ofthe government,” Kucinichg said.
BofA eventually closed the deal with Merrill Lynch, and received a $20 billiomn loan from the TARP fund to cover the Merrill Also on Thursday, Lewis indicated that federal officials never asked him to withhold information from shareholders that BofA thoughtf needed to be disclosed. That causex lawmakers to remind him he was under oath. In February, Lewis testified before New York Attorney General Andrew Cuomo that Bernanke and Paulson pressured the bank not to discussw its increasingly troubled plan to buy The congressional committee expects to call Paulson and Bernanke for similar hearingse as it continuesits investigation.

David Beckham Loves LA, but Won't Decide on Future until Assessing his ... - Sports Radio Interviews

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Sports Radio Interviews

David Beckham Loves LA, but Won't Decide on Future until Assessing his ... Sports Radio Interviews David Beckham is inarguably one of the most popular athletes in the world, even if he's no longer much of a force to be reckoned with on the playing field. At points of his career he has been tabbed as one of the greatest soc cer players ever; ... and more »

Study: Kansas City-area hotel revenue will fall in 2009 - Phoenix Business Journal:

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percent decrease in revenue per available room in 2009 compareedwith 2008, according to a study by . The projected revenu decrease compares with anestimated 17.5 perceny decrease in revenue per available room nationallyg in 2009, PKF Hospitality Researcy said in a Tuesdagy release. The uses data from , whicuh reports “very consistent numbers with JillVan Houweling, vice president of marketing/communications for the said Wednesday. “Kansas City is doing betterd than thenational average, and we’re on par with our competitiv e set,” Van Houweling said. “Mid-sized value destinations are doing bette r thanbig cities.
Our May is very What we’re seeing is that, even thouggh it’s not great news, the effect on Kansa s City is moderated because ofvalue pricing.” Van Houwelingy said the association attributes the lower revenue mainly to decreasedd business travel. The average expenditure per overnight businesstravelee $260 a day, compared with $120 for a leisure traveler, she said.Areaw hotels are projected to have 52 percenft occupancy in 2009, down from 58.4 percent in 2008, PKF staffedr Randy McCaslin said in the Because of increased competition in the locap market, the average daily room rate is expectee to fall to $84.67 in down 5.4 percent from $89.
52 last PKF attributed the projected lowef average occupancy rate to a 7.9 percenrt decrease in demand for lodging and a 3.4 percentg increase in the supply of new hotep rooms. PKF’s forecasting model findss that local income and employment figures are good predictors of hoteolroom demand, the release said. Moody’s Economy.com, the source of PKF’s June 2009 Hotelp Horizons forecast report forKansas City, predicts that Kansasa City-area employment will fall 3.4 percent in 2009 from 2008. PKF’xs study projects that area revenue per availablroom won’t achieve sustainedc growth until the fourth quarter of 2010.
“Until market conditions are favorablwefor travelers, but troublesome for owners and PKF said in the release. Atlanta-based PKF Hospitality Research is the researc haffiliate of

Economy Watch: FNF Construction gets highway stimulus contract - Kansas City Business Journal:

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“It is a rehabilitation projectr to create asafer roadway,” said Deena Billings, businese development officer for Tempe-based FNF which is celebrating 25 year in business. Some areas of U.S. 491 have deterioratedr creating a significant safetyt issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, accordingf to Billings. “Paving projects are kind of our In addition to makinfg the roadway saferfor travelers, the $8.
9 million project gives FNF Construction’xs staff more opportunity for “We will be able to keep existin employees busy and perhaps hire new ones,” she The bidding process for a stimulusa contract is very similar to that on any job both for the contractod and the state department of transportatioj involved. The New Mexico Department of Transportationn advertised the project in typical fashion with the lowest bidderf winningthe contract, said Megan spokeswoman for the New Mexico Department of Transportation. The federal government does look at the projectsin depth, Arrendondo added.
Construction on the 14-milwe stretch, which runs on the southerj portion ofthe highway, broke ground May 20. FNF Construction is hopeful that its portiobn of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.

Economy crimps back-to-school spending plans - Jacksonville Business Journal:

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The Washington, D.C.-based trade group’s 2009 Back to School Consumer Intentions and Actions Survegy found that the average family with studentse in grades Kindergarten through 12 is expectef tospend $548.72 on school merchandise in 2009 comparefd with $594.24 in 2008. Total back to school spending is expecte d toreach $17.42 billion. The conducted for the federationby BIGresearch, found that 85 percenf of Americans are changing their back-to-school spending plans because of the Fifty-six percent said they would hunt for sales more often; 49 percent plannedr to spend less 41 percent expect to purchasde more store brand or generic products and 40 percent are planninf to increase their use of coupons.
The survey also founc that families are altering broader educational planws for children because ofthe economy. Eleven percenyt of respondents said their children will cut back on extracurricula activities or sports and nearly 6 percent say that the economgy is impacting whether their children will attend a private orpublicf school. “The economy has clearly changed the spendiny habits ofAmerican families, which will likely creatwe a difficult back-to-school season for said National Retail Federation CEO Tracy Mullin. “Aws people focus primarily on strong promotions and deep discounts will ultimately winover back-to-schookl shoppers this year.
” The surveyt predicted that spending in most back-to-school categoriesx would decrease, with the exception of electronics wherer spending on computer equipment and otherf gear is expected to increase 11 percent to Families are expected to spende an average of $204.67 on clothint and accessories, $93.59 on shoes, and $82.623 on school supplies.