azajir.wordpress.com
UTSA accounting doctoral students are now eligible to applyh for the Accounting Doctoral Scholars fellowship The UTSA College of Businesd is one of only 40 academic program nationwide to participate in the Accounting DoctoralScholars program. Each the institute will select 30 candidates nationwide to receivdea four-year $30,000 stipend. The aim of the Accounting Doctora l Scholars program is to increase the number of doctoral accounting graduatesin America.
Therse is a critical shortage of accountingh doctoral faculty teaching auditing andtax courses, according to UTSA and the The goal is to increase the numbeer of people with doctoral degrees in The plan is to encourage these individuals to then join the busineses faculty at schools throughou t the country so that they can teachj undergraduate courses. The institute founded the Accounting Doctorao Scholars programin 2008. The program is fundeds by accounting firms. Candidate s should have experience in audit or tax in a publiaccounting firm, be a U.S. citizenb or permanent resident and be working toward a career as an accountinvgfaculty member.
Applications will be accepted for the Fall 2010 classzthrough Oct. 1. UTSA’s Colleg e of Business is one of the 40th largestg business schools in the natiohn with morethan 5,800 students. Web site: www.adsphd.orgy
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Manchester United trump Chelsea in early-season Fight Club - ESPN (blog)
aaekipolo.blogspot.com
Bleacher Report | Manchester United trump Chelsea in early-season Fight Club ESPN (blog) Chaos. Last night, both title ch » |
Sunday, October 28, 2012
Gellerstedt sees opportunity in recession - Atlanta Business Chronicle:
burdukovahycel.blogspot.com
"We're beginning to see banks slowlu acknowledge their real estate problemds and pushthese through," Gellerstedtr said Friday. "You may see some [trade] as low as 20 centds on the dollar... This is goinyg to be a slow recovery, but it is also goinfg to presentunprecedented opportunities." Gellerstedt, a was speaking at the Atlanta chapter's UNC Kenan-Flaglerd Business School Alumni breakfast. The held at 's 3344 Peachtree drew about 90 people.
who is replacing the retiring Tom said investors are putting theifr money behind real estate investment trusts so the development companies have the capitaol to buy distressed noting that REITS have raisedabout $13 billionb in the stock markeg this year. "They're not interested in earnings. They want liquidith for the nextthree years," he said. "Theh want us to have the power to Cousins (NYSE: CUZ) will not face any serious debt maturitiex until 2012, he said.
Its relatively healthh liquidity could putthe Atlanta-based developer in a strong positiom as other prominent real estate companies try to pull themselvea out from under mountains of debt -- a problem creater primarily by the easy access to credit in recent buying assets at the top of the marke and the subsequent crasgh in property values. But Cousins hasn't made it througgh the market unscathed. It has struggler to sell high-end condos in Buckhead, where its 32-story 10 Terminus Place was one of 35 condominium projectx in an area of the city knowmn for expensive homes andluxury shopping.
Ten completed in 2008, has 137 The market is affecting high-end units at other including John Williams' The Mansion on Peachtrede andRegent Partners' Sovereig at 3344 Peachtree. "There’s just no market for them," Gellerstedgt said. Cousins is also trying to fillits 25-storty Terminus 200 office building, which has one mobile banking technology firm . Firethorn is leasing two Three other buildings still under constructio in Buckhead haveno tenants. Gellerstedt said, offers an exampls of "the runaway creditg markets." In the months followingy the spate of bank failures thatclaimed , the marketes shut down.
"Now," Gellerstedt said, "Io see some of that fear and panic alleviating."
"We're beginning to see banks slowlu acknowledge their real estate problemds and pushthese through," Gellerstedtr said Friday. "You may see some [trade] as low as 20 centds on the dollar... This is goinyg to be a slow recovery, but it is also goinfg to presentunprecedented opportunities." Gellerstedt, a was speaking at the Atlanta chapter's UNC Kenan-Flaglerd Business School Alumni breakfast. The held at 's 3344 Peachtree drew about 90 people.
who is replacing the retiring Tom said investors are putting theifr money behind real estate investment trusts so the development companies have the capitaol to buy distressed noting that REITS have raisedabout $13 billionb in the stock markeg this year. "They're not interested in earnings. They want liquidith for the nextthree years," he said. "Theh want us to have the power to Cousins (NYSE: CUZ) will not face any serious debt maturitiex until 2012, he said.
Its relatively healthh liquidity could putthe Atlanta-based developer in a strong positiom as other prominent real estate companies try to pull themselvea out from under mountains of debt -- a problem creater primarily by the easy access to credit in recent buying assets at the top of the marke and the subsequent crasgh in property values. But Cousins hasn't made it througgh the market unscathed. It has struggler to sell high-end condos in Buckhead, where its 32-story 10 Terminus Place was one of 35 condominium projectx in an area of the city knowmn for expensive homes andluxury shopping.
Ten completed in 2008, has 137 The market is affecting high-end units at other including John Williams' The Mansion on Peachtrede andRegent Partners' Sovereig at 3344 Peachtree. "There’s just no market for them," Gellerstedgt said. Cousins is also trying to fillits 25-storty Terminus 200 office building, which has one mobile banking technology firm . Firethorn is leasing two Three other buildings still under constructio in Buckhead haveno tenants. Gellerstedt said, offers an exampls of "the runaway creditg markets." In the months followingy the spate of bank failures thatclaimed , the marketes shut down.
"Now," Gellerstedt said, "Io see some of that fear and panic alleviating."
Friday, October 26, 2012
AutoZone beats the odds with double-digit growth - Houston Business Journal:
efiosyt.blogspot.com
million for the quarter, up 9.5% compares to last year. Earnings per share increased 25.9% to $3.13, the company’s 11th consecutive quartet of double-digit earnings per share Frank Goodman served as vice president of businesws planning and analysis with helping determine new store locations, before leaving in 2000. “It’ s a great mouse trap and they’ve done a great job runnintg it,” he says. Now a chief portfolio strategiswith , an investment advisoryt firm, Goodman was part of the team that helpec AutoZone expand from 500 stores to more than 3,000 locations across the U.S. and Mexico.
When he was there, AutoZonew executives looked at motor vehiclr registrations providedby , a data vendor. “Spo you know where the cars are and then wherw you should consider building a Goodman says. “It’s really quite the advantage to have that mechanicaoldemand feature, so it’zs not all the whim of the but it’s also the demands of their cars.” At AutoZone’sz peak, the company was opening a store every day. In the company’s most recent third quarter, it opened 42 new bringing itto 4,172 locationws in the U.S.
and 168 in The company could open more next since store openingsare seasonal, according to “It’s very difficult to get storesa open at the end of the winter, it’s much easiere at the end of the summer,” he says. Goodman attributess a large partof AutoZone’s succesds to the company’s culture of WITTDTJR, whicyh is an acronym for “Whart It Takes To Do The Job AutoZone research revealed that a persobn seeking to repair a car would make an average 2.3 visits to an auto parts store to get the problem completelgy solved. “Usually, that .3 was a visit to a different autoparta store,” Goodman says.
“So management, understanding this, said that the compang had to get the number ofvisitz down.” AutoZone has convinced employee to build a sales ticket, not just to get the customefr to buy useless items but to help solvd their problem quicker. Also, since fear of doing somethingv wrongin do-it-yourself projecte is a big concern for customers, employee are trained to be forthcomintg with their automotive knowledge. John R. retail analyst at , says another reason AutoZonr has excelled recently is due to an increasw in the number of cars whichare seven-eighg years old and oldefr out on the road.
“They’re out of they have to be fixed and inthis economy, everybodty gets pinched and you have to find the cheapest alternative to keep your car Lawrence says. AutoZone might also be gaininv sales fromcar dealerships, and their related service closing. Besides providing auto parts for do-it-yourself customers, the majority of its business, AutoZonew also sells parts to garages. Peopld are also deferring maintenance ontheirt cars, and when they do perform this they are often buying better quality parts and increasing their purchase s at stores like Brian Campbell, AutoZone’s vice president of investor agrees the company has some tailwind in this economy becausr people are looking to save money.
“It’s a healthuy one-two punch of the challenges of the economyuand execution, spending some dollars to make sure that we’rer capturing those customers once they come into our stores,” Campbel l says. An example of this is AutoZone’sz domestic same store sales, whichn increased 7.4% last The company’s sales per square foot, at $58 last is the highest in the industry. Campbell attributes that to many but focuses onthe company’s systems. “Just about our entirde information technology infrastructure is primarily internally he says. “They are systems that we haven’t bought off the shelf.
It’s a self-learning We keep a lot of data and we continude to scrub that data toidentify trends.” This allows the company to tailor its inventory more effectively, a key tacticx considering how many makes and modele of cars there are on the road. “Yohu have to have a lot of parts to be able tosay I’ve got it,’ on the fronyt end,” Lawrence says. The company’s including , , and , are all performing better in the current economyas well. “Thered is obviously a tailwind with the economic situation of new car salesz down and people having tospend more,” Lawrencew says. Advance Auto Parts reportesd total salesof $1.
68 billion for the firs t quarter, a 16-week period ended April 25. This was a 10.3% increase compared to total salesof $1.53 billionj in first quarter 2008. Shelly spokesman for Advance, attributes sales to recent economif changes. “People are keeping their cars longer, with the average age of a car she says. “As people are keeping those cars they need to do more work onthoses cars.” While the company is seeing more do-it-yourselfers concerned abourt increasing fuel economy and general maintenance, Advances focuses more on the commercial side of automotive parts retailing.
“We’re seeing a lot of people who used to goto they’re going to that corner garage to save some money,” Whitaker says. Advance opened 114 stores last year and plans to open anothe 100this year. AutoZone’s stock has been anothere strong point forthe company, hittin g $159.36 in mid-day on June 3. Its 52-weekl high is $169.99, the stock’z all-time high. That’s a far cry from the mid-$2p0 range the company’s stock was tradinvg for a decade ago. “We’vde been saying for the better part of a decade that with any weaknese inthe shares, we would buy them, hold them and it’a been a great investment,” Lawrence says.
“Whebn you have 18% margins, you’re movint into the fourth quarter, which is your biggest periodf ofthe year, and they have executed as they have in the past six we think they’re being a little conservative with the numbers.” The company’s stocki repurchase plan is humming along as well, with AutoZones buying 450,000 shares in the first quartedr for $65 million, or an average pric of $145 per share. Fiscapl year-to-date, it has purchased $713 million of stock at an averagesof $130 a sharse and it has $396 million remaining in its curren t share repurchase program.
The companyu has used its cash flow to make investments in itsstors base, including larger stores with additionao space for supplying other stores and Lawrence says. AutoZone is also spending more money on trainingb andretaining employees, while making sure it attractxs the best new talent with a focus on improving employee benefits, according to Campbell. AutoZone employz 1,300 people locally. “We’re continuing to opening stores andadding personnel,” he says.
“Tp us, this is an opportunity of continued
million for the quarter, up 9.5% compares to last year. Earnings per share increased 25.9% to $3.13, the company’s 11th consecutive quartet of double-digit earnings per share Frank Goodman served as vice president of businesws planning and analysis with helping determine new store locations, before leaving in 2000. “It’ s a great mouse trap and they’ve done a great job runnintg it,” he says. Now a chief portfolio strategiswith , an investment advisoryt firm, Goodman was part of the team that helpec AutoZone expand from 500 stores to more than 3,000 locations across the U.S. and Mexico.
When he was there, AutoZonew executives looked at motor vehiclr registrations providedby , a data vendor. “Spo you know where the cars are and then wherw you should consider building a Goodman says. “It’s really quite the advantage to have that mechanicaoldemand feature, so it’zs not all the whim of the but it’s also the demands of their cars.” At AutoZone’sz peak, the company was opening a store every day. In the company’s most recent third quarter, it opened 42 new bringing itto 4,172 locationws in the U.S.
and 168 in The company could open more next since store openingsare seasonal, according to “It’s very difficult to get storesa open at the end of the winter, it’s much easiere at the end of the summer,” he says. Goodman attributess a large partof AutoZone’s succesds to the company’s culture of WITTDTJR, whicyh is an acronym for “Whart It Takes To Do The Job AutoZone research revealed that a persobn seeking to repair a car would make an average 2.3 visits to an auto parts store to get the problem completelgy solved. “Usually, that .3 was a visit to a different autoparta store,” Goodman says.
“So management, understanding this, said that the compang had to get the number ofvisitz down.” AutoZone has convinced employee to build a sales ticket, not just to get the customefr to buy useless items but to help solvd their problem quicker. Also, since fear of doing somethingv wrongin do-it-yourself projecte is a big concern for customers, employee are trained to be forthcomintg with their automotive knowledge. John R. retail analyst at , says another reason AutoZonr has excelled recently is due to an increasw in the number of cars whichare seven-eighg years old and oldefr out on the road.
“They’re out of they have to be fixed and inthis economy, everybodty gets pinched and you have to find the cheapest alternative to keep your car Lawrence says. AutoZone might also be gaininv sales fromcar dealerships, and their related service closing. Besides providing auto parts for do-it-yourself customers, the majority of its business, AutoZonew also sells parts to garages. Peopld are also deferring maintenance ontheirt cars, and when they do perform this they are often buying better quality parts and increasing their purchase s at stores like Brian Campbell, AutoZone’s vice president of investor agrees the company has some tailwind in this economy becausr people are looking to save money.
“It’s a healthuy one-two punch of the challenges of the economyuand execution, spending some dollars to make sure that we’rer capturing those customers once they come into our stores,” Campbel l says. An example of this is AutoZone’sz domestic same store sales, whichn increased 7.4% last The company’s sales per square foot, at $58 last is the highest in the industry. Campbell attributes that to many but focuses onthe company’s systems. “Just about our entirde information technology infrastructure is primarily internally he says. “They are systems that we haven’t bought off the shelf.
It’s a self-learning We keep a lot of data and we continude to scrub that data toidentify trends.” This allows the company to tailor its inventory more effectively, a key tacticx considering how many makes and modele of cars there are on the road. “Yohu have to have a lot of parts to be able tosay I’ve got it,’ on the fronyt end,” Lawrence says. The company’s including , , and , are all performing better in the current economyas well. “Thered is obviously a tailwind with the economic situation of new car salesz down and people having tospend more,” Lawrencew says. Advance Auto Parts reportesd total salesof $1.
68 billion for the firs t quarter, a 16-week period ended April 25. This was a 10.3% increase compared to total salesof $1.53 billionj in first quarter 2008. Shelly spokesman for Advance, attributes sales to recent economif changes. “People are keeping their cars longer, with the average age of a car she says. “As people are keeping those cars they need to do more work onthoses cars.” While the company is seeing more do-it-yourselfers concerned abourt increasing fuel economy and general maintenance, Advances focuses more on the commercial side of automotive parts retailing.
“We’re seeing a lot of people who used to goto they’re going to that corner garage to save some money,” Whitaker says. Advance opened 114 stores last year and plans to open anothe 100this year. AutoZone’s stock has been anothere strong point forthe company, hittin g $159.36 in mid-day on June 3. Its 52-weekl high is $169.99, the stock’z all-time high. That’s a far cry from the mid-$2p0 range the company’s stock was tradinvg for a decade ago. “We’vde been saying for the better part of a decade that with any weaknese inthe shares, we would buy them, hold them and it’a been a great investment,” Lawrence says.
“Whebn you have 18% margins, you’re movint into the fourth quarter, which is your biggest periodf ofthe year, and they have executed as they have in the past six we think they’re being a little conservative with the numbers.” The company’s stocki repurchase plan is humming along as well, with AutoZones buying 450,000 shares in the first quartedr for $65 million, or an average pric of $145 per share. Fiscapl year-to-date, it has purchased $713 million of stock at an averagesof $130 a sharse and it has $396 million remaining in its curren t share repurchase program.
The companyu has used its cash flow to make investments in itsstors base, including larger stores with additionao space for supplying other stores and Lawrence says. AutoZone is also spending more money on trainingb andretaining employees, while making sure it attractxs the best new talent with a focus on improving employee benefits, according to Campbell. AutoZone employz 1,300 people locally. “We’re continuing to opening stores andadding personnel,” he says.
“Tp us, this is an opportunity of continued
Wednesday, October 24, 2012
Steve Heyer named Next3D chairman - Kansas City Business Journal:
ejoxot.wordpress.com
The company said Heyer was tapped to overseethe company’se 3D HD movie service. “Mu plan is to focuss on further aligning Next3D with content and strategif partners as the company movesx from development to launch ofthe world'sa first 1080p 3D High Definition home distribution service,” Heyer said in a news "The market is poisedd for a rapid transformation to 3D in the home. Our technologyh is ready to work with content and distributioh partners to drive that change and creat e new revenue opportunities for all the players in the value chain while delivering astunningf in-home experience for consumers.” Heyer is the formerd CEO of (NYSE: HOT).
Heyer left Atlanta-based KO) in 2004, after serving as its presidenrt and chief operating officersince 2002. Coke recruited Heyer away from Atlanta-based in 2001. "Unti we created Next3D, there was simply no practicao way for Hollywood to get its exploding libraruy of 3D films into the saidNext3D co-founder D.J. Roller, in the “We've solved the technological challenges. Stevre is an innovator who understands how to unlock the revenuwe stream for our partners as Next3D creates a brand and experience consumerswill embrace.
"
The company said Heyer was tapped to overseethe company’se 3D HD movie service. “Mu plan is to focuss on further aligning Next3D with content and strategif partners as the company movesx from development to launch ofthe world'sa first 1080p 3D High Definition home distribution service,” Heyer said in a news "The market is poisedd for a rapid transformation to 3D in the home. Our technologyh is ready to work with content and distributioh partners to drive that change and creat e new revenue opportunities for all the players in the value chain while delivering astunningf in-home experience for consumers.” Heyer is the formerd CEO of (NYSE: HOT).
Heyer left Atlanta-based KO) in 2004, after serving as its presidenrt and chief operating officersince 2002. Coke recruited Heyer away from Atlanta-based in 2001. "Unti we created Next3D, there was simply no practicao way for Hollywood to get its exploding libraruy of 3D films into the saidNext3D co-founder D.J. Roller, in the “We've solved the technological challenges. Stevre is an innovator who understands how to unlock the revenuwe stream for our partners as Next3D creates a brand and experience consumerswill embrace.
"
Tuesday, October 23, 2012
Durham gains research jobs at rapid clip - Triangle Business Journal:
tarpleypymibujuh1491.blogspot.com
But in the overall rankings acrossseveralk categories, Durham places 26th and the Raleigh-Cary metro area places 38th. In 2003, Durhamm and Raleigh-Cary placed 24th and 34th, respectively. Althougj Raleigh and Durham are part of the for this report they were evaluated as separat e metro areas based on the federaol definitionsof MSAs. Silicojn Valley ranked highest among tech centers in thereport “North America’s High-Tech Economy: The Geographyy of Knowledge-Based Industries.” The study evaluates 2007 the most recent available.
Durhamk did rank high in pharmaceutical andmedicinal manufacturing, placing The report attributes that ranking to the presence of in Researc Triangle Park. Durham ranked second in computers and peripheralsequipmenty manufacturing. “High-tech industries are an importang and sustaining anchor for regions to survive the slump and to rebuilsd their economiesaround high-wage jobs,” Ross DeVol, director of regional economicd at the Milken Institute and author of the study said in a Following Silicon Valley in the rankings were the Seattle-Bellevue-Everetty in Washington state; Cambridge-Newton-Framingham in Massachusetts; D.C.
-Arlington and Alexandria in Virginia; and Los Angeles-Long-Beach-Glendal in California.
But in the overall rankings acrossseveralk categories, Durham places 26th and the Raleigh-Cary metro area places 38th. In 2003, Durhamm and Raleigh-Cary placed 24th and 34th, respectively. Althougj Raleigh and Durham are part of the for this report they were evaluated as separat e metro areas based on the federaol definitionsof MSAs. Silicojn Valley ranked highest among tech centers in thereport “North America’s High-Tech Economy: The Geographyy of Knowledge-Based Industries.” The study evaluates 2007 the most recent available.
Durhamk did rank high in pharmaceutical andmedicinal manufacturing, placing The report attributes that ranking to the presence of in Researc Triangle Park. Durham ranked second in computers and peripheralsequipmenty manufacturing. “High-tech industries are an importang and sustaining anchor for regions to survive the slump and to rebuilsd their economiesaround high-wage jobs,” Ross DeVol, director of regional economicd at the Milken Institute and author of the study said in a Following Silicon Valley in the rankings were the Seattle-Bellevue-Everetty in Washington state; Cambridge-Newton-Framingham in Massachusetts; D.C.
-Arlington and Alexandria in Virginia; and Los Angeles-Long-Beach-Glendal in California.
Sunday, October 21, 2012
Four years on, semblance of normalcy returns to Bajaur Agency - The Express Tribune
ogarawo.wordpress.com
The Express Tribune | Four years on, semblance of normalcy returns to Bajaur Agency The Express Tribune Four years on, semblance of normalcy returns to Bajaur Agency. Night-time curfew, imposed in 2008 military operation, to be lifted from today. By Our Correspondents. Published: October 20, 2012. Night-time curfew, imposed in 2008 military operation, to ... |
Saturday, October 20, 2012
The Other Side: Jonathan Jones - ESPN (blog)
humojo.wordpress.com
The Other Side: Jonathan Jones ESPN (blog) By Calvin Watkins | ESPNDallas.com. Recommend0 · Tweet0 · Comments0 · Email · Print. Jonathan Jones covers the Carolina Panthers for the Charlotte Observer. On this week's The Other Side, we talk to Jones about the the Cowboys' opponent for Sunday. |
Friday, October 19, 2012
PharMerica loses $5.5 million in 4Q - Business First of Louisville:
disadvantage-unlimited.blogspot.com
million, or 18 cents per in the fourth quarterof 2008, largely due to a one-timr charge of $14.8 million resulting from a higher-than-anticipated loss of The number of licensed beds operated by its customers fell nearl y 4.4 percent from the fourthu quarter 2007 to the fourth quartefr 2008, according to a news release. As of Dec. 31. PharMerica's customerws operated 322,376 beds. The company reported fourth-quarte r revenue of $479.7 million, compare with $492.2 million a year earlier.
PharMerica, which was created in Augusrt 2007 through the combination of the institutionak and hospital pharmacy business units ofand , said that without the chargwe it would have earned 26 centse per share. A consensus of Thomson Financial analysts had predicted earnings of 21 centsw per share on revenueof $489.56 million. The company reported net incomeof $2.8 or 9 cents per share, in the fourthg quarter of 2007. Despite the writedown that forced the company intoa fourth-quartere loss, PharMerica CEO Gregoryt S. Weishar said in a news release that officialsare “extremelyh pleased with the progress” of the which just completed its firstt full calendar year of operations.
“Lookinfg forward to 2009, we enter the year a much strongerf company,” Weishar said in the release. “With the merge behind us, we can now focus our energies arouned growing ourclient base, improving client retentiom and acquisitions. We are confident we can post solid growth in 2009and beyond.” For the full PharMerica reported net income of $5 million, or 17 centes per share, compared with a loss of $13.43 million, or $1.13 per in 2007. Revenue increased to $1.9 billion, from $1.2 billion. Louisville-based PharMericz (NYSE: PMC) said its pharmaciexs dispensed a total of 10 million prescriptions during thefourthj quarter, and 40.3 million for the full year.
The companhy operates more than 100 institutional pharmacies in more than 40 Inthe release, PharMerica officials projected full-year 2009 net income in the rangs of $1.11 to $1.18 per shar e on revenue of $1.96 billion to $1.978 billion.
million, or 18 cents per in the fourth quarterof 2008, largely due to a one-timr charge of $14.8 million resulting from a higher-than-anticipated loss of The number of licensed beds operated by its customers fell nearl y 4.4 percent from the fourthu quarter 2007 to the fourth quartefr 2008, according to a news release. As of Dec. 31. PharMerica's customerws operated 322,376 beds. The company reported fourth-quarte r revenue of $479.7 million, compare with $492.2 million a year earlier.
PharMerica, which was created in Augusrt 2007 through the combination of the institutionak and hospital pharmacy business units ofand , said that without the chargwe it would have earned 26 centse per share. A consensus of Thomson Financial analysts had predicted earnings of 21 centsw per share on revenueof $489.56 million. The company reported net incomeof $2.8 or 9 cents per share, in the fourthg quarter of 2007. Despite the writedown that forced the company intoa fourth-quartere loss, PharMerica CEO Gregoryt S. Weishar said in a news release that officialsare “extremelyh pleased with the progress” of the which just completed its firstt full calendar year of operations.
“Lookinfg forward to 2009, we enter the year a much strongerf company,” Weishar said in the release. “With the merge behind us, we can now focus our energies arouned growing ourclient base, improving client retentiom and acquisitions. We are confident we can post solid growth in 2009and beyond.” For the full PharMerica reported net income of $5 million, or 17 centes per share, compared with a loss of $13.43 million, or $1.13 per in 2007. Revenue increased to $1.9 billion, from $1.2 billion. Louisville-based PharMericz (NYSE: PMC) said its pharmaciexs dispensed a total of 10 million prescriptions during thefourthj quarter, and 40.3 million for the full year.
The companhy operates more than 100 institutional pharmacies in more than 40 Inthe release, PharMerica officials projected full-year 2009 net income in the rangs of $1.11 to $1.18 per shar e on revenue of $1.96 billion to $1.978 billion.
Wednesday, October 17, 2012
It
fixyruw.wordpress.com
Even though he didn’t have prior legislativ e agreement, Gov. Steve Besheard decided to go “all in” when he callexd a special session of the to begi n onJune 15. In addition to addressinf the budget shortfall, Beshear included legislationm toallow video-lottery terminals at Kentucky’s horser tracks, legislation to create a public authority to find ways to fund major transportationm projects and a package of new economiv development incentives. The authorituy legislation andthe $75 million bill designex to lure a NASCAR Sprint Cup race to Kentucky and increase incentivez for the expansion of existing businesses appear to have a good chance of being passed.
Both were on the way to passagre duringthis year’s regular session before being derailed by minor differences between the Hous e and Senate. We hope the expectefd battle over expanding gaming will not hurt the chances of the othettwo initiatives. The completiojn of the Ohio RiverBridgesx project, which calls for two new bridges over the Ohio Rivetr and a reconfiguration of Spaghetti is vital to the future of the Louisville region. The project will alleviat already serious traffic congestion and make the area a more viabld place todo business.
Establishing a public authority to develoo funding mechanisms and to work with a counterparr in Indiana is needed to move theproject
Even though he didn’t have prior legislativ e agreement, Gov. Steve Besheard decided to go “all in” when he callexd a special session of the to begi n onJune 15. In addition to addressinf the budget shortfall, Beshear included legislationm toallow video-lottery terminals at Kentucky’s horser tracks, legislation to create a public authority to find ways to fund major transportationm projects and a package of new economiv development incentives. The authorituy legislation andthe $75 million bill designex to lure a NASCAR Sprint Cup race to Kentucky and increase incentivez for the expansion of existing businesses appear to have a good chance of being passed.
Both were on the way to passagre duringthis year’s regular session before being derailed by minor differences between the Hous e and Senate. We hope the expectefd battle over expanding gaming will not hurt the chances of the othettwo initiatives. The completiojn of the Ohio RiverBridgesx project, which calls for two new bridges over the Ohio Rivetr and a reconfiguration of Spaghetti is vital to the future of the Louisville region. The project will alleviat already serious traffic congestion and make the area a more viabld place todo business.
Establishing a public authority to develoo funding mechanisms and to work with a counterparr in Indiana is needed to move theproject
Tuesday, October 16, 2012
Associated may post 2Q net loss - Phoenix Business Journal:
vuwodu.wordpress.com
Charge-offs totaled $104 million at the end of the firsyt quarter, according to Associated’s filing with the Federal DeposiyInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figurer was $56.9 million as of the end of the first quartet onMarch 31. The bank’s management said weakness in the economyy has resultedin asset-quality downgrades to Associated’s commercial real estate and commerciaol and industrial credits.
“Wed believe loan loss provisionsand charge-offs will remain elevaterd due to the continued deterioration in the real estatwe sector and the weak economy,” said chairmajn and CEO Paul Beideman. “Wed expect the pace of loan and asset deterioration to moderate infuturee quarters.” Associated executives said that, afterf taking into consideration the increasedr loan-loss provision, the company’s capitap levels will still exceed well-capitalized standardds as of June 30. Associated said its boardr has formed a risk and credit committee to supplement risk management oversightg performed by the company andthe company'zs audit committee.
The board has appointed to the new committee John Eileen Kamerick andRichar Lommen. The company will releasd second-quarter results on July 16. Associateed stock closed at $13.37 on Monday.
Charge-offs totaled $104 million at the end of the firsyt quarter, according to Associated’s filing with the Federal DeposiyInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be between $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figurer was $56.9 million as of the end of the first quartet onMarch 31. The bank’s management said weakness in the economyy has resultedin asset-quality downgrades to Associated’s commercial real estate and commerciaol and industrial credits.
“Wed believe loan loss provisionsand charge-offs will remain elevaterd due to the continued deterioration in the real estatwe sector and the weak economy,” said chairmajn and CEO Paul Beideman. “Wed expect the pace of loan and asset deterioration to moderate infuturee quarters.” Associated executives said that, afterf taking into consideration the increasedr loan-loss provision, the company’s capitap levels will still exceed well-capitalized standardds as of June 30. Associated said its boardr has formed a risk and credit committee to supplement risk management oversightg performed by the company andthe company'zs audit committee.
The board has appointed to the new committee John Eileen Kamerick andRichar Lommen. The company will releasd second-quarter results on July 16. Associateed stock closed at $13.37 on Monday.
Monday, October 15, 2012
Marc Andreessen starts $300M VC fund - Triangle Business Journal:
vittitowmehigyk1238.blogspot.com
billion. While the actual news that Andreessen-Horowitz was being formed was broken in February on the Charlie Rose TV details and the official launch came on Onhis blog, Andreessen wrote: "Between the two of us, Ben and I have startedc three companies directly, created many new productas and services, run operating businesses at high levelds of scale, angel invested in 45 tech startup s in the last five years, and serveed on a broad cross-section of company boards with some of the best entrepreneurse and investors in the industry. Through all this, we have worked closely together for15 years, and we coulde not be more excites to extend our partnership into venture capital.
The new firm will investy anywherefrom $50,000 to $50 million, Andreessenb wrote, in consumer Internet, business Internet (clou computing, "software as a mobile software and services, software-powered consume r electronics, infrastructure and applicationse software, networking, storage, databases, and other back-ende systems. Most of the money will be invested in startupds inSilicon Valley, following in the VC traditiobn of wanting to be within a few minutes of the headquarterz of the companies they invest in.
“Wed do not think it is an accident that Google is inMountainj View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touc activity that lends itself to geographi proximity, and our only office will be in Silicon Andreessen wrote on his blog. He was also cleart about what it won'y invest in: "We are almost certainly not an appropriat e investor for any of thefollowing 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movire production companies, consumer retail, electric rocket ships, space elevators.
We do not have the first clue about any of these Andreessen said he will continue as chairma n of a social networking softwar companyhe co-founded, , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and generalp manager of business technology optimization for softwareat .
billion. While the actual news that Andreessen-Horowitz was being formed was broken in February on the Charlie Rose TV details and the official launch came on Onhis blog, Andreessen wrote: "Between the two of us, Ben and I have startedc three companies directly, created many new productas and services, run operating businesses at high levelds of scale, angel invested in 45 tech startup s in the last five years, and serveed on a broad cross-section of company boards with some of the best entrepreneurse and investors in the industry. Through all this, we have worked closely together for15 years, and we coulde not be more excites to extend our partnership into venture capital.
The new firm will investy anywherefrom $50,000 to $50 million, Andreessenb wrote, in consumer Internet, business Internet (clou computing, "software as a mobile software and services, software-powered consume r electronics, infrastructure and applicationse software, networking, storage, databases, and other back-ende systems. Most of the money will be invested in startupds inSilicon Valley, following in the VC traditiobn of wanting to be within a few minutes of the headquarterz of the companies they invest in.
“Wed do not think it is an accident that Google is inMountainj View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touc activity that lends itself to geographi proximity, and our only office will be in Silicon Andreessen wrote on his blog. He was also cleart about what it won'y invest in: "We are almost certainly not an appropriat e investor for any of thefollowing 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movire production companies, consumer retail, electric rocket ships, space elevators.
We do not have the first clue about any of these Andreessen said he will continue as chairma n of a social networking softwar companyhe co-founded, , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and generalp manager of business technology optimization for softwareat .
Saturday, October 13, 2012
Feds close First National Bank of Anthony - Kansas City Business Journal:
ejyceh.wordpress.com
was closed by the on Friday and bought virtually all of its The OCC said in a release that it acted after findinbg that Bank ofAnthony “had experiencedc substantial dissipation of assets and earning s due to unsafe and unsounx practices.” The OCC said that the bank incurrex losses that depleted most of its capital and that therew was no reasonable expectation it could becomew adequately capitalized without federal assistance. Firsy National Bank of Anthony reporteda first-quarter return on assets of -12.7 percent. The bank lost $5.1 milliobn in the first quarter. The bank had six branch including one in Overlanxd Park and onein Olathe, that operated under the name of .
The branchex all reopened Saturday under the SNB Bank of Kansasw name and are maintaining normalofficw hours. First National Bank of Anthonty had assetsof $156.9 million and depositzs of about $142.5 million on March 31. SNB Bank of Kansasa paid about $712,500, or 0.5 percent of total deposits, to buy First National Bank of Anthony’ds deposits, and SNB bought about $156.7 million of its The retained the remaininvg assetsfor disposition. SNB Bank of Kansaa is based in Hutchinson and has two branches there and one in It is a subsidiaryof (Nasdaq: OKSB), a holdint company based in Stillwater, Okla., with $2.9 billiom in assets.
The FDIC and SNB Bank of Kansaws entered into a loss share agreement onabouf $130.5 million of Firstr National Bank of Anthony’s assets. The FDIC estimatefd that the cost to the insurance fund willbe $32.2 First National Bank of Anthonuy is the 40th FDIC-insured institution to fail this year and the seconf in Kansas; Paola-based failed on March 20.
was closed by the on Friday and bought virtually all of its The OCC said in a release that it acted after findinbg that Bank ofAnthony “had experiencedc substantial dissipation of assets and earning s due to unsafe and unsounx practices.” The OCC said that the bank incurrex losses that depleted most of its capital and that therew was no reasonable expectation it could becomew adequately capitalized without federal assistance. Firsy National Bank of Anthony reporteda first-quarter return on assets of -12.7 percent. The bank lost $5.1 milliobn in the first quarter. The bank had six branch including one in Overlanxd Park and onein Olathe, that operated under the name of .
The branchex all reopened Saturday under the SNB Bank of Kansasw name and are maintaining normalofficw hours. First National Bank of Anthonty had assetsof $156.9 million and depositzs of about $142.5 million on March 31. SNB Bank of Kansasa paid about $712,500, or 0.5 percent of total deposits, to buy First National Bank of Anthony’ds deposits, and SNB bought about $156.7 million of its The retained the remaininvg assetsfor disposition. SNB Bank of Kansaa is based in Hutchinson and has two branches there and one in It is a subsidiaryof (Nasdaq: OKSB), a holdint company based in Stillwater, Okla., with $2.9 billiom in assets.
The FDIC and SNB Bank of Kansaws entered into a loss share agreement onabouf $130.5 million of Firstr National Bank of Anthony’s assets. The FDIC estimatefd that the cost to the insurance fund willbe $32.2 First National Bank of Anthonuy is the 40th FDIC-insured institution to fail this year and the seconf in Kansas; Paola-based failed on March 20.
Friday, October 12, 2012
Kansas City Baptist Temple will break ground on $12M expansion - Kansas City Business Journal:
ycoguqi.wordpress.com
The Raytown church’s expansion will include a newmain foyer, café, bookstore and children’s educatioj wing for children from newborn birth through 5th grade. “Despite the recenr economic chaos, we are embarking on our most aggressivd expansionin decades,” Senior Pastor Jeff Adams said in a “Our ability to minister to children and provide biblicaol training to families in relevant and creative ways will be greatly Executive Pastor Tim Mensendiek said in an interview Fridayt that he hopes to break ground on the projecf by May 1 and completse it a year later.
“The competitionb for work has justbeen incredible,” he adding that the church originally expectedf 35 subcontractors at the prebid meetinf but that more than 80 The church hired Wacky World of Fla., to design unique local themes throughout the children’s area. The space will include thematic representationsd ofArrowhead Stadium, Kauffman Stadium, Union Station and the . of Marti n City, Mo., is the project’e general contractor. The church was founded in 1943 and has morethan 4,000 members.
The Raytown church’s expansion will include a newmain foyer, café, bookstore and children’s educatioj wing for children from newborn birth through 5th grade. “Despite the recenr economic chaos, we are embarking on our most aggressivd expansionin decades,” Senior Pastor Jeff Adams said in a “Our ability to minister to children and provide biblicaol training to families in relevant and creative ways will be greatly Executive Pastor Tim Mensendiek said in an interview Fridayt that he hopes to break ground on the projecf by May 1 and completse it a year later.
“The competitionb for work has justbeen incredible,” he adding that the church originally expectedf 35 subcontractors at the prebid meetinf but that more than 80 The church hired Wacky World of Fla., to design unique local themes throughout the children’s area. The space will include thematic representationsd ofArrowhead Stadium, Kauffman Stadium, Union Station and the . of Marti n City, Mo., is the project’e general contractor. The church was founded in 1943 and has morethan 4,000 members.
Wednesday, October 10, 2012
Report: Housing price declines slow - Washington Business Journal:
ycoguqi.wordpress.com
The ’s quarterly purchase-only house price indesx shows nationwide home pricesfell 0.5 percent from the fourt h quarter 2008 to the firstt quarter 2009. That is more modest than the FHFA’s previousd quarterly report whichshowed quarter-over-quarter declines in the fourtyh quarter averaged 3.3 Over the past year, FHFA says averaged prices nationwide have declined 7.1 The FHFA’s one year decline, which includes all conventionall mortgages bought by and , is significantly less than the 19.1 percenyt decline reported in Tuesday’s S&P/Case Shillerf housing price index. That indez tracks prices in the nation’s 20 largest markets only.
“Our latesy data are consistent with growing evidencr that housing market conditions may be stabilizinf in some parts ofthe country, especially areaa not covered by the othedr major repeat sales price index,” said FHFA directo James Lockhart in a statement. “ am hopeful that this firsy quarter data combined with receny marketstimulus programs…may mean that home price depreciation may be easing. In the metropolitann Washingtonstatistical area, FHFA says quarter-over-quarter prices fell 2.93 percent in the first quarter, and were down 16.2 percent from a year ago. The S&P/Cas e Shiller report estimates pricese in the Washington market from ayear ago.
The ’s quarterly purchase-only house price indesx shows nationwide home pricesfell 0.5 percent from the fourt h quarter 2008 to the firstt quarter 2009. That is more modest than the FHFA’s previousd quarterly report whichshowed quarter-over-quarter declines in the fourtyh quarter averaged 3.3 Over the past year, FHFA says averaged prices nationwide have declined 7.1 The FHFA’s one year decline, which includes all conventionall mortgages bought by and , is significantly less than the 19.1 percenyt decline reported in Tuesday’s S&P/Case Shillerf housing price index. That indez tracks prices in the nation’s 20 largest markets only.
“Our latesy data are consistent with growing evidencr that housing market conditions may be stabilizinf in some parts ofthe country, especially areaa not covered by the othedr major repeat sales price index,” said FHFA directo James Lockhart in a statement. “ am hopeful that this firsy quarter data combined with receny marketstimulus programs…may mean that home price depreciation may be easing. In the metropolitann Washingtonstatistical area, FHFA says quarter-over-quarter prices fell 2.93 percent in the first quarter, and were down 16.2 percent from a year ago. The S&P/Cas e Shiller report estimates pricese in the Washington market from ayear ago.
Tuesday, October 9, 2012
First National enters agreement with OCC - San Francisco Business Times:
ejyceh.wordpress.com
The agreement is an outgrowth of an OCC examination of the Wintere Park lenderin January. It addresses five areasd of concern and requires to the bank to form a compliances committee composed of members of its boarsdof directors. The bank is under orders to add proceduresa to monitor its commercial real estate loan portfolio. It also must implementf a plan to manage loans that are deemer weak and in jeopardyof deteriorating. • Establishment of a progranm to ensure an adequatde allowance for loan andlease losses. Agreement not to accept brokered depositesin exc.
ess of 10 percent of totaol deposits without OCC permission • Development of a three-yeaf plan of operations that incorporates conditionw of the agreement. First Nationalo Chairwoman Susma Patel said in a writteb statement that the bank has taken stepe she believes put it in compliance with the She said regulatory agencies are tightening standardxs for lenders as theeconomy “The downturn in real estate valuations in the Floridaz market is well-publicized and, as a regulatory agencies are expecting a higher standard of procedura l monitoring of loans secured by commercial real she said.
The agreement is an outgrowth of an OCC examination of the Wintere Park lenderin January. It addresses five areasd of concern and requires to the bank to form a compliances committee composed of members of its boarsdof directors. The bank is under orders to add proceduresa to monitor its commercial real estate loan portfolio. It also must implementf a plan to manage loans that are deemer weak and in jeopardyof deteriorating. • Establishment of a progranm to ensure an adequatde allowance for loan andlease losses. Agreement not to accept brokered depositesin exc.
ess of 10 percent of totaol deposits without OCC permission • Development of a three-yeaf plan of operations that incorporates conditionw of the agreement. First Nationalo Chairwoman Susma Patel said in a writteb statement that the bank has taken stepe she believes put it in compliance with the She said regulatory agencies are tightening standardxs for lenders as theeconomy “The downturn in real estate valuations in the Floridaz market is well-publicized and, as a regulatory agencies are expecting a higher standard of procedura l monitoring of loans secured by commercial real she said.
Monday, October 8, 2012
Conference Board employment index edges up in May - Denver Business Journal:
ibitasony.wordpress.com
The organization’s Employment Trends Indesx was 89.9, up 0.2 percent from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The indexd number is relative to 100for 1996. “Whilwe it is too early to say that the ETI has the moderation of the last two months is certainlty a sign that the decline in job lossesx is real and signals that the worstis over,” Gad The Conference Board’s senior economist, said in a “However, as the economic recovery over the comin g months is likely to be very slow, we stilo expect the unemployment rate to continue to increase to double digitd by the end of this year and into 2010.
” Percentage of respondents who say they find “jobs hard to gathered from The Conference Board Consumer Confidencr Survey. • Initial claims for unemployment insurance, from statistics. Percentage of firms with positions not able to fill righ now because of inabilithy to findsuitable candidates, from the . Number of employees hired by the temporary-help industry, from the . Part-time workers for economic from Bureau ofLabor • Job openings, from the Bureau of Labod Statistics. • Industrial production, from the . Real manufacturing and trade sales, from the .
The Conferencee Board is an independent NewYork City-based nonprofit organization whose mission is to provide organizationes with the practical knowledge they need to improve theirr performance and better serve
The organization’s Employment Trends Indesx was 89.9, up 0.2 percent from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The indexd number is relative to 100for 1996. “Whilwe it is too early to say that the ETI has the moderation of the last two months is certainlty a sign that the decline in job lossesx is real and signals that the worstis over,” Gad The Conference Board’s senior economist, said in a “However, as the economic recovery over the comin g months is likely to be very slow, we stilo expect the unemployment rate to continue to increase to double digitd by the end of this year and into 2010.
” Percentage of respondents who say they find “jobs hard to gathered from The Conference Board Consumer Confidencr Survey. • Initial claims for unemployment insurance, from statistics. Percentage of firms with positions not able to fill righ now because of inabilithy to findsuitable candidates, from the . Number of employees hired by the temporary-help industry, from the . Part-time workers for economic from Bureau ofLabor • Job openings, from the Bureau of Labod Statistics. • Industrial production, from the . Real manufacturing and trade sales, from the .
The Conferencee Board is an independent NewYork City-based nonprofit organization whose mission is to provide organizationes with the practical knowledge they need to improve theirr performance and better serve
Saturday, October 6, 2012
Strickland opposes slots ballot issue - Business Courier of Cincinnati:
iqukikofor.wordpress.com
Harris, R-Ashland, on Tuesdayt sent a letter to Strickland that included a draft of a joint resolution to go forward on the videok slots througha voter-approved constitutional amendment. The slots would be installed at up to sevenm locations in the statde to be determined by thehighesrt bidders, not necessarily at Ohio’s seven horss racing tracks as under Strickland’s plan. The lette r and resolution come a dayafter Strickland, amid an ongoing stalematd over the state’s two-year budget cyclw begun last Wednesday, called a potential ballot initiativ “utterly and totally unacceptable” because, he Ohio schools’ funding future would be in voters’ Strickland in a presws conference on Tuesday said the plan, whilw an attempt to resolve the contentioj over the slots plan, “continues to fall shorr of the legislature’s responsibility to provide a balanced budget “We cannot budget a ballot Strickland said.
Absent a final budget and undedrtemporary budgets, Strickland estimated that the state’s $3.2 billion deficit is widening by nearly $2 millioj a day. That’s in part because some programsd funded undera one-week temporary budget – in line for anothetr one-week budget beginning Wednesday – will see reduced or eliminated funding undee the governor’s proposed framework. The only point of contention in that offered up nearly threeweeks ago, is the slots Strickland and others have said. The slots plan, whichg the state has said could pullin $933 millionj over two years to help plug the budgetr hole, counts on the machinees being operational by May 2010.
With that window, Harris wrote in Tuesday’e letter, “there is adequate time to seek votet approval without impacting or delaying the revenue upon which your budgetgframework depends.” Strickland said that whilde revenue from the slots themselves won’rt hit state coffers until the state will see more than $400 million in licensint fees from the seven tracks this fall should the plan be A key piece of letter states that the four-city casinoo initiative headed to the November ballott would limit all gambling to four locations, “rendering any legislativr enactment of (slots) at horse racing tracks moot.
” “In that the revenue on which you are counting for Ohio schoolws would evaporate,” Harris wrote. Strickland said Tuesday that the proposed amendment forthe $1 billionj casino plan doesn’t tie his hands on the video slot machine plan – instead, he said it strengthenx his argument. A piecse of the casino amendment states that the plan will have no effec t on activities authorized undere the lottery and bingo sections of theOhio constitution.
Legislative approvall of the video slots plan would be an expansio ofthe
Harris, R-Ashland, on Tuesdayt sent a letter to Strickland that included a draft of a joint resolution to go forward on the videok slots througha voter-approved constitutional amendment. The slots would be installed at up to sevenm locations in the statde to be determined by thehighesrt bidders, not necessarily at Ohio’s seven horss racing tracks as under Strickland’s plan. The lette r and resolution come a dayafter Strickland, amid an ongoing stalematd over the state’s two-year budget cyclw begun last Wednesday, called a potential ballot initiativ “utterly and totally unacceptable” because, he Ohio schools’ funding future would be in voters’ Strickland in a presws conference on Tuesday said the plan, whilw an attempt to resolve the contentioj over the slots plan, “continues to fall shorr of the legislature’s responsibility to provide a balanced budget “We cannot budget a ballot Strickland said.
Absent a final budget and undedrtemporary budgets, Strickland estimated that the state’s $3.2 billion deficit is widening by nearly $2 millioj a day. That’s in part because some programsd funded undera one-week temporary budget – in line for anothetr one-week budget beginning Wednesday – will see reduced or eliminated funding undee the governor’s proposed framework. The only point of contention in that offered up nearly threeweeks ago, is the slots Strickland and others have said. The slots plan, whichg the state has said could pullin $933 millionj over two years to help plug the budgetr hole, counts on the machinees being operational by May 2010.
With that window, Harris wrote in Tuesday’e letter, “there is adequate time to seek votet approval without impacting or delaying the revenue upon which your budgetgframework depends.” Strickland said that whilde revenue from the slots themselves won’rt hit state coffers until the state will see more than $400 million in licensint fees from the seven tracks this fall should the plan be A key piece of letter states that the four-city casinoo initiative headed to the November ballott would limit all gambling to four locations, “rendering any legislativr enactment of (slots) at horse racing tracks moot.
” “In that the revenue on which you are counting for Ohio schoolws would evaporate,” Harris wrote. Strickland said Tuesday that the proposed amendment forthe $1 billionj casino plan doesn’t tie his hands on the video slot machine plan – instead, he said it strengthenx his argument. A piecse of the casino amendment states that the plan will have no effec t on activities authorized undere the lottery and bingo sections of theOhio constitution.
Legislative approvall of the video slots plan would be an expansio ofthe
Friday, October 5, 2012
China-Japan conflict a US concern - San Francisco Chronicle
qalymeled.wordpress.com
San Francisco Chronicle | China-Japan conflict a US concern San Francisco Chronicle In fact, the world seems preoccupied with conflicts in the Middle East. Yet, given the level of intensity escalating around the East China Sea island dispute between China and Japan - with both countries ramping up military presence at sea, engaging in ... Geopol itics, resources put maritime disputes |
Wednesday, October 3, 2012
Thai Ginger restaurant owner arrested - Puget Sound Business Journal (Seattle):
ykyhola.blogspot.com
According to the indictment, the two offered to pay employeesa of ThaiGinger $15,000 to $25,000 to enteer into sham marriages with Thai national to help them obtain permanenty resident status in the U.S. Some of the Thai nationalw involved were relatives ofVaree Bradford, the indictmen states. The alleged sham marriages and related immigration filings and transactions occurred between 2001 and this Thai Ginger has restaurantsin Seattle’se Pacific Place, , Issaquah, and Factoria in Bellevue, accordinfg to its website.
An employee who answerex the phone atThai Ginger’s Redmond office said Michael the husband of Varee Bradford and co-owne r of Thai Ginger, was handlinvg press inquiries. Michael Bradford did not immediatelhy return thephone call.
According to the indictment, the two offered to pay employeesa of ThaiGinger $15,000 to $25,000 to enteer into sham marriages with Thai national to help them obtain permanenty resident status in the U.S. Some of the Thai nationalw involved were relatives ofVaree Bradford, the indictmen states. The alleged sham marriages and related immigration filings and transactions occurred between 2001 and this Thai Ginger has restaurantsin Seattle’se Pacific Place, , Issaquah, and Factoria in Bellevue, accordinfg to its website.
An employee who answerex the phone atThai Ginger’s Redmond office said Michael the husband of Varee Bradford and co-owne r of Thai Ginger, was handlinvg press inquiries. Michael Bradford did not immediatelhy return thephone call.
Tuesday, October 2, 2012
Helix Energy to reduce Cal Dive stake - Dayton Business Journal:
grachevakautawil.blogspot.com
The Houston-based offshore energgy company plans to offer 20 million share in Cal Dive througjh apublic offering, with an option for underwritera to purchase an additional 3 million share s to cover over-allotments. Helix (NYSE: HLX) also has agreecd to sell Cal Dive anadditional $14 million worth of sharess at a price equal to the offering. Houston-baserd Cal Dive (NYSE: DVR) has 94 million sharea outstanding. When the offering closes and Cal Dive repurchaseszits allocation, Helix’s ownership in Cal Dive will be reduceds to 25 percent from 51 according to a regulatory filinh with the . If the over-allotment option is not Helix’s ownership will be 29 percent.
Heli x expects to use the proceeds for generaocorporate purposes. Helix shares closed at $11.24 on Friday and were tradintgat $11.92 mid-morning Monday, while Cal Dive share s closed Friday at $10.09 and were trading at $9.85 mid-mornint on Monday.
The Houston-based offshore energgy company plans to offer 20 million share in Cal Dive througjh apublic offering, with an option for underwritera to purchase an additional 3 million share s to cover over-allotments. Helix (NYSE: HLX) also has agreecd to sell Cal Dive anadditional $14 million worth of sharess at a price equal to the offering. Houston-baserd Cal Dive (NYSE: DVR) has 94 million sharea outstanding. When the offering closes and Cal Dive repurchaseszits allocation, Helix’s ownership in Cal Dive will be reduceds to 25 percent from 51 according to a regulatory filinh with the . If the over-allotment option is not Helix’s ownership will be 29 percent.
Heli x expects to use the proceeds for generaocorporate purposes. Helix shares closed at $11.24 on Friday and were tradintgat $11.92 mid-morning Monday, while Cal Dive share s closed Friday at $10.09 and were trading at $9.85 mid-mornint on Monday.
Monday, October 1, 2012
California's Data Domain stakes claim in Triangle - Triangle Business Journal:
manuscripts-shuwatu.blogspot.com
Senior Vice President of Engineering Dan McGes says Data Domain will open a small officr witha short-term lease in the second quartetr at a location to be The company then will look for a permanent Trianglre site for its operations center. McGere would not say how many people the compang would look to hire But he saysData Domain's Triangle presence will eventuallh be comparable to its Santa Clara, headquarters. That office, which has research and marketing andsupport employees, now has about 250 The headquarters was recently move d to a new Santa Clara location that offersa 100,000 square feet of space to accommodate expecteds growth.
"We bookend the continent by having a facility on the West Coastg and another facility on theEast Coast," McGede says. Data Domain's East Coast operations will be led by Ken who held a similar rolefor . Data Domainj was founded in 2001. It started shipping its data storage productxsin 2004. In July 2007, the compan raised $109 million in an initialo public offering of The company reports having morethan 1,500 customer worldwide and $123.6 million in revenue in a 166 percent increaser over 2006. Large businesses such as banka and insurance companies typicall back up their data on reels of When people save data multiple the system retains multipled copies of thesame file.
Data Domain'sz product is a component installed at thecustome premises. The technology eliminates duplicate hence theterm "de-duplication." The process offers a less cumbersome storage method than sorting reels of magnetic McGee says. De-duplication also requires less storage capacityy than other types ofdisc storage. Becauswe the stored files take upless space, they can be accessed via the a feature not possible with tapes. New York technology researchy firm The 451 Group projects thatdata de-duplicatio will become a $1 billion markett by 2009. The firm says de-duplicationm eventually will move beyond backing up data and couldr include archiving andprimary storage.
"Itf has not gone mainstream yet, but I do believs there are possibilities," says Fay Cobb Payton, a Nortnh Carolina State University professor ofinformation systems. Payton says de-duplication is particularlt useful for disaster recoveryof information. But she says de-duplicatiob does not spell an immediate end for Smalland medium-sized businesses will still prefer taped because they cost less. But she expects de-duplication costse to fall as the technology becomes morewidelu adopted. Payton says the ability to accesd de-duplicated files over the Internet could open up more possibilities for businessess looking to launch satellite locations.
Glenn Hanus, an analyst with , says competing vendores are still workingon de-duplication offerings, and he likes how Data Domai measures up. Headquarters: Santa Clara, Calif. 2007 revenue: $123.t million
Senior Vice President of Engineering Dan McGes says Data Domain will open a small officr witha short-term lease in the second quartetr at a location to be The company then will look for a permanent Trianglre site for its operations center. McGere would not say how many people the compang would look to hire But he saysData Domain's Triangle presence will eventuallh be comparable to its Santa Clara, headquarters. That office, which has research and marketing andsupport employees, now has about 250 The headquarters was recently move d to a new Santa Clara location that offersa 100,000 square feet of space to accommodate expecteds growth.
"We bookend the continent by having a facility on the West Coastg and another facility on theEast Coast," McGede says. Data Domain's East Coast operations will be led by Ken who held a similar rolefor . Data Domainj was founded in 2001. It started shipping its data storage productxsin 2004. In July 2007, the compan raised $109 million in an initialo public offering of The company reports having morethan 1,500 customer worldwide and $123.6 million in revenue in a 166 percent increaser over 2006. Large businesses such as banka and insurance companies typicall back up their data on reels of When people save data multiple the system retains multipled copies of thesame file.
Data Domain'sz product is a component installed at thecustome premises. The technology eliminates duplicate hence theterm "de-duplication." The process offers a less cumbersome storage method than sorting reels of magnetic McGee says. De-duplication also requires less storage capacityy than other types ofdisc storage. Becauswe the stored files take upless space, they can be accessed via the a feature not possible with tapes. New York technology researchy firm The 451 Group projects thatdata de-duplicatio will become a $1 billion markett by 2009. The firm says de-duplicationm eventually will move beyond backing up data and couldr include archiving andprimary storage.
"Itf has not gone mainstream yet, but I do believs there are possibilities," says Fay Cobb Payton, a Nortnh Carolina State University professor ofinformation systems. Payton says de-duplication is particularlt useful for disaster recoveryof information. But she says de-duplicatiob does not spell an immediate end for Smalland medium-sized businesses will still prefer taped because they cost less. But she expects de-duplication costse to fall as the technology becomes morewidelu adopted. Payton says the ability to accesd de-duplicated files over the Internet could open up more possibilities for businessess looking to launch satellite locations.
Glenn Hanus, an analyst with , says competing vendores are still workingon de-duplication offerings, and he likes how Data Domai measures up. Headquarters: Santa Clara, Calif. 2007 revenue: $123.t million
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