Sunday, October 31, 2010

Champs Sports extends agreement - Orlando Business Journal:

http://justauto-insurance.net/auto-insurance/low-cost-auto-insurance/
Champs Sports, a division of New York-based (NYSE: FL), and Floridz Citrus Sports announced the sponsorship extensionJuly 7, but didn’y disclose any specifics of the deal in a writtenn release. The game is played on Dec. 29 each year between collegee teams from the Atlantic Coast and Big Ten Last year’s game attracted a recordf number of attendees — 52,692 and was among the highest-rated bowl games telecast by ESPN. “Champs Sports is truly one of the most committed sponsors incollege football.
We are extremely pleasedr to have them as a partnerr and name sponsor of the Champs Sports Bowl for anothetfour years,” said Steve Hogan, CEO of Florida Citrus Florida Citrus Sports is a nonprofit organization dedicatedx to promoting the Central Florida community through four signature events, includingy The Capital One and Champs Sportse bowl games, the Orlando Citruss Parade and the OUC half marathon and 5k.

Friday, October 29, 2010

Economist: U.S. may see double-dip recession by late 2010 - Charlotte Business Journal:

http://hondaautoclub.com/97-civic-rear-brakes-screeching-and-a-noisy-timing-belt
Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economy grow s 95 percent of the time, said the chamber’s Martyh Regalia. He predicted that the current economic downtur will end around September but that the unemployment rate will remainh high through the first half ofnext year. Investmentt won’t snap back as quickly as it usually does afterra recession, Regalia said.
Inflation, however, loomzs as a potential problem because of thefederal government’s huge budget deficits and the massive amountt of dollars pumped into the economy by the , he If this stimulus is not unwounrd once the economy begins to recover, highed interest rates could choke off improvement in the housing markeft and business investment, he said. “The economh has got to be running on its own by the middler ofnext year,” Regalia said. Almosyt every major inflationary periodin U.S. history was precedec by heavy debt levels, he noted.
The chances of a double-di p recession will be lowerf if Ben Bernanke is reappointerd chairman of theFederal Reserve, Regalia If President Obama appoints his economic adviser, Larrhy Summers, to chair the Fed, that would signao the monetary spigot would remaij open for a longer time, he said. A coalescint of the Fed and the Obama administrationis “nog something the markets want to see,” Regalia Obama has declined to say whether he will reappointy Bernanke, whose term ends in February. Meanwhile, more than half of smal business owners expect the recession to last at leasg anothertwo years, according to a survegy of Intuit Payroll customers.
But 61 percenft expect their own business to grow in the next12 “Small business owners are bullish on their own abilitiesz but bearish on the factord they can’t control,” said Cameron Schmidt, director of marketiny for . “Even in the gloomiesty economy, there are opportunities to A separate survey of small business owners by found that 57 percent thought the economy was getting while 26 percent thought the economy was More than half planned to decrease spending on businesws development in the next six onthe U.S.
Chamber of Commerce’s Web

Thursday, October 28, 2010

Metrolist: Denver's resale housing market showing hopeful signs - The Business Journal of the Greater Triad Area:

lamoreuuceses1724.blogspot.com
Single-family home sales in for example, were equally split between the lowe r price ranges that appealto first-timer homebuyers and pricier houses that attractr homebuyers moving up to larger and/odr more expensive homes. "Earlier this year, the majoritt of resale home activitywas first-time distressed properties and investor activity," independent Littletomn broker Gary Bauer said in a "June appears to be the transition to a normalp Denver market -- a market with both first-time homebuyee activity as well as 'move-up' Resale homes are those that have sold at leastt once before. Combined sales of single-family houses and condominiumsaincreased 15.
4 percent to 4,186 in June from 3,62i8 in May. Late spring and summer traditionally arethis country'e prime home-selling season, because familiezs buying and selling homes try to completer deals and move when childrejn are out of school. But June home sales this year weredown 13.6 percentg from 4,845 for the same montgh of 2008. In June, 3,328 single-familyh homes were sold, up from 2,857 sale s in May, but down from 3,847 for the year-priofr June. Last month, condk sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both typess of home rose 6.34 percen to $258,434 in June from $243,022 in May. That pricee was down 3.
21 percent from June 2008's average sellinfg price of $267,005. Average sold price for single-family homes -- which is up from $262,06y in May, but down from $286,887 from the year-prio r June. Median sold price for single-family homes -- up from both the previouss month ($220,000) and from June 2008 ($230,000). The mediabn sold price for a home is the middle pricde between highestand lowest. It's consideref a truer measure of pric than average by many real estate professionaldsbecause it's not skewed by highest and lowestr prices. Average sold price for condos -- down from $172,454 in May and $190,3678 year over year.
Median sold price for condose -- $139,837, up from $137,000 in May, but a drop from $148,3454 for the year-prior June. Condos also are selling faster lately, with an average of 97 days on the market in down from 110 days in May and from 108 days year over Forthis year's first six months, totap home sales and sold prices were down from the same periocd of 2008, according to Metrolist. Combinede sales of single-family homes and condos decreaseed 17.5 percent to 19,363 from 23,47 for the first six months of last Average selling price was down nearly 8 percenyto $235,930 from Average days on the market for both housing typews dipped to 104 through June, from 106 for the same period of 2008.
Other year-to-date data through June, compared to the same period of include: Single-family homes sold -- down from 18,561. Average single-familty home sold price -- $256,353, down from Median single-family home sold price -- down from $224,900. Condos sold -- 3,931, down from Average sold price forcondos -- $155,753, down from Median sold price for condos -- down from $139,000. Based in Greenwood Metrolist ismetro Denver's Multiple Listing which is an association of real estat e brokers that share property listings with each other.

Tuesday, October 26, 2010

Energy industry warns of green bandwagon effect - Washington Business Journal:

aleshnikovenil.blogspot.com
And just like that, energy solutions have become the country’e career choice du jour. The energy industry in the Washington regionb has seen an explosion in energy auditorsand renewable-energyh suppliers ready to offer new services. But even growtj can have a dark side. Some of it comews much to the chagrin of longtimeor deep-rootesd energy specialists who worry that the tens of billiona in energy-related stimulus dollars are bringiny out of the woodwork companies claiming to be the new authorities on solaer power or air quality.
“More and more companies are jumping onthe energy-efficienc y bandwagon,” said Reuven Walder, a 20-year ecologisyt and vice president of home servicesd for Rockville-based Ecobeco LLC, whic h got certified as energy auditors last year. “M biggest concern is quality.” The burdenn is on customers, from residentx to businesses tolocal governments, to become thei r own experts, to separate the experienced wheatt from the Johnny-come-lately chaff.
Without that, some fear illegitimate auditors or renewablee energy providers will insist onillegitimates “fixes,” installing solar panels improperly or pushingt for a series of pricey, gratuitous window replacementse when all that is neededs is new, cheaper insulation lining the attic. “Regulators are concerned abouf it. I suspect there will be strongere regulations,” said Peter Lowenthal, executive directord of the regional chapter of the Sola EnergyIndustries Association, which is having its solar powefr members sign an updated code of ethics by this “The consumer has got to use commonh sense. If it’s too good to be true, it usuallyu is.
” Here’s what is true: the energy sector has seen a mountainousw spike innew companies. Nearly 75 energy auditors are listexd in the EnvironmentalProtection Agency’s directory of Energy Star providers as serving the Maryland and Virginia. More than half joined sincee the beginning oflast year. Three years ago, the , a N.Y.-based national accreditation organizatiobnfor energy-efficiency inspectors, began with six affiliate trainerz across the country. the institute counts 80 traininv affiliates, while an additional 90 are stillo undergoing the process of branding themselvesaffiliate accreditors.
By the end of this BPI expects it could have upwarxd of 200 affiliate groups helping accredi t thousands of energy auditors at any given In addition, the institute plans to initiatde pilot training programs this summerd in Northern Virginia. The affiliatesa are crucial. With 3,800 contractors already certified in 40 statexsthrough BPI, the groupl unfurls a roughly 400-person waiting list for traineesd in Maryland. In the backlog lasts through August.
As for those sittinvg in the training classrooms, they are not just traditionapl blue-collar building workers, thanks to the “One of the trainers I talkedc to said they used to get electricians or saidLarry Zarker, CEO of the Buildinbg Performance Institute, which awards certification for building envelope, heating and air conditioning “Now they’re getting a lot more white-collar people.” Expertxs say those training and certificationj programs, such as BPI for energy efficiency or North Americann Board of Certified Energy Professionals for solaer companies, will set the masterw apart from the mimics.
The programs often involvs weeks, and even months, of rigorous classroo and field trainingwith on-site job evaluations and requirementzs to buy thousands of dollars worth of hardwars — things like air-leakage-measuring blowersz and infrared cameras — before a contractor gets a stamp of certification. “Greenwashing people are not goinhg to go throughour program,” said Hannah a spokeswoman for the Maryland Home Performance with Energy Star program, whichh trains and certifies people to conduct energy audits and improvementsw and has a backlog of 285 interestedr trainees. “It’s too hard,” she referring to the trend ofgreebn bandwagons-jumpers.
Governments awarding stimulus-backed contracte said they are perusing and insome cases, like the statw of Virginia, requiring — certifications before they considere contractors. “We’re not looking to be the first client that a firm has had to do acertaibn task,” said John Arlington County’s energy manager. “We will very much depenfd on prior work experience whenevaluating proposals.

Monday, October 25, 2010

Rehabbed Allston site lands first tenant - Minneapolis / St. Paul Business Journal:

http://savvyinvest.com/real-estate/turkey.html
The lease, announced Thursday by on behalf ofthe site’x landlord, includes 2,400 square feet on the first floor of 226 Harvar d Ave. and 11,000 squarde feet on the second floor. The 30,000-square-foot building was developedd on aspeculative basis, or without a tenant, beginning in the first quarter of last year, said Jasohn Weissman, the founder and principal of Boston Realty Advisors. The Beyda Family purchased the site, which was previously a gas in Octoberof 2007. “There’s not many retaikl deals that have happenedat all, nothinfg in the last six said Weissman.
Weissman is seeking other retail and offic e tenants for the remainder of the building which is located betweehn a TJMaxx and Staples Asking rents for retail spacde in the buildingare $52 per square foot and the thirsd floor office space could rent for about $30 per squard foot. Urban Outfitters was founded in 1970 and operateds more than 130 store in theUnited States, Canadwa and Europe. The store sells women’s and men’sw clothing and items for the home gearedtoward 18- to

Saturday, October 23, 2010

Rare Earth in BlackBerry to Prius Underscores Alarm Over Supply - BusinessWeek

http://www.steven-rigolot.com/article/Document-Control-Software-Should-Be-Open-to-All-of-Your-Content.html


Rare Earth in BlackBerry to Prius Underscores Alarm Over Supply

BusinessWeek


The range of uses explains why US lawmakers, officials in Japan and Germany and manufacturers of components that need these materials say they are alarmed ...



and more »

Friday, October 22, 2010

Obama launches effort to develop jet fuel from plants - USA Today

http://my-tuts.com/page/How-To-Get-A-Job-In-Housekeeping-.html


PhysOrg.com


Obama launches effort to develop jet fuel from plants

USA Today


Vilsack announced the US Department of Agriculture's five-year agreement with the Federal Aviation Administration to develop jet fuel made from forest and ...


POET to register plants for biomass crop subsidies

BrighterEnergy.org


Secretary Vilsack C »

Wednesday, October 20, 2010

Heirs of Hawaiian tycoon buy office leased by Cargill - Minneapolis / St. Paul Business Journal:

http://www.cnqixia.com/article/A-snapshot-survey-has---.html
, based in Kapolei, closed on the deal Sept. 30, said Gary senior vice president of real estate investmentsfor Campbell. The seller was an entit called M TonkaOwner Corp., whichn has a registered address in Brooklyn Park, according to the Minnesota Secretary of State’s office. Stevd Buss and Tom Holtz, brokerxs in the Bloomington officeof , represented the Buss declined to comment. The building was constructed in 1997. It was last sold in 2003 by for $25.954 million. Campbell’s Web site says the company owns real estated across the country worth morethan $2.6 billion. The firm is ownefd by the descendents ofJames Campbell, a 19th century Hawaiiann business tycoon.
It owns two othefr properties in theTwin Cities, both in the four-building 186,000-square-foot Carlson Center Business Park and a four-buildinbg complex called Plymouth Industrial that totals 406,221 square Oliva said his company likes the Twin Cities marketr and it has been scouting for propertiezs over the years. To buy the Whitewatee building, Campbell used cash that it generatecd from the sale of a different The Whitewater building provides the company income from what is known in the real estate industrty asa “high-credit” Cargill recently extended its lease there untilk 2013, according to Bill a spokesman for Minnetonka-based Cargill.
Two of Cargill’s Black River Asset Management andCarVaol Investors, retain space in the building and “ard not part of the move to Excelsioe Crossings,” Brady said in an e-mail Cargill is consolidating several thousand Twin Cities workerds into a new three-building businesd park in Hopkins called Excelsio Crossings that will have 860,000 totall square feet when it is completd in 2010.

Tuesday, October 19, 2010

LendingTree expands product offering - Washington Business Journal:

http://armeniantrip.biz/newbies-hints-for-grand-deals-along-with-scrumptious-meals-at-your-awesome-ireland-vacation.html
According to the company, its customer-retention technology identifies customer byloan amount, loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowers representin a significant portion of overall origination volume, our lenderd network has expressed a desire to capturse and retain current mortgage customers,” says Bob president of the LendingTree Exchange.
“As part of the LendingTree banks and lenders that use ournew customer-retentiomn initiative will be able to significantly impactg the ratio of overall mortgage portfolio retained, just as effectivelyu as they can attract new LendingTree is owned by Charlotte-based (NASDAQ:TREE), an onlind lending and real estate company. Tree.com’es principle businesses are LendingTree, which matches potential mortgage borrowersto lenders, and RealEstate.com, which work with individuals seeking homes and real estater agents. LendingTree says it has facilitated more than 25 million requestsw for loans onlineand $185 billion in closedd loan transactions.

Sunday, October 17, 2010

First tenants at Grandview Yard unveiled - Dayton Business Journal:

tatyanagepoji.blogspot.com
Plans filed with the city July 7 show developet Nationwide RealtyInvestors Ltd. wantws to build the first $40 million worth of projects as it continues planning forthe broader, $500 millionm to $600 million redevelopmenr on 90 acres in the suburb’as industrial core. The city’s planning commissio will consider the HyattPlace hotel, Urba Active fitness center and a plannedc Jason’s Deli in the office buildinb as conditional uses. The preliminary and final development plan must go througn the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designedr of the three-story office plans to occupy atleast 20,000 squarse feet on the top The plans mark the first projects presented to the city for approvap since Nationwide Realty first began acquiring the former Big Bear Stores Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estatee projects, Grandview Heights City Council at its July 6 meetinv heard a first reading of a developmentf agreement between the city and Nationwide The resolution outlines how the city will payfor $78 milliom in road improvements and utilities inside Grandvieq Yard and another $41 million in off-sitde public improvements.
Other legislation in support of the development agreemenf is expected to be introduced as earlyu as a special July 13council meeting. Constructiob on the three buildings and the first phase of road and utilituy projects could begin as early as late The office, hotel and fitness center should open in fall said Nationwide Realty President Brian Ellis. “We shoulde be pretty well positioned to get theprojecr going,” he said. The city’s mayor welcomedc the sign of progress despite the tougheconomivc environment. “Getting something out of the ground,” Mayor Ray DeGrae said, “will attract attentiob and more people.

Saturday, October 16, 2010

Center for Creative Leadership ranks No. 6 - The Business Journal of the Greater Triad Area:

xiwyxucupewox.blogspot.com
The Financial Times rank open-enrollment providers in several sub-categories. CCL placec in the Top 10 in eighttof them: aims achieved; course design; teaching materials; faculty; preparation; new skills and and international locations. CCL also placex in the Top 10 in fourcustom subcategories: future use, teaching methods and food & accommodation; and facilities. The Financiao Times executive education rankings were basedr on surveys of organizations and individuals from arouncd the world who rated leading executiveeducatiom providers, such as Harvard, INSEAD and IMD, for quality and impact.
“Thesse new rankings show our work reallhy does make a differencesfor them,” said CCL President John “We appreciate the feedback they have given us throughn this survey, and we’ll use it to keep getting

Thursday, October 14, 2010

Bay area sees 3 players make new dent in market - Tampa Bay Business Journal:

hundleyobajoji1908.blogspot.com
Some are from outside the some are from Someare long-established institutions, some aren't too far removedd from being upstarts. In one broad-brusn swoop, three new banks are adding and expanding their namex and logos along local streetszthis year. Huntington National Bank has takehn over dozens of former BarnettBank branches, Regionds Bank is taking over , and BankAtlantic is startingh from scratch with a single officed and plans for severak more. The following is an introduction to theBay area'x new banking players, and their own view of what' s to come: Huntington Bancshares Inc.
of Ohio, was already a majo r banking force in the Midwest when it decidedc to reach into Floridain 1987, establishing a private bankinfg office in Naples. It expanded its impriny somewhatin 1990, buying a $250 million savingx and loan in Sebring. By the time it purchased the firsg of several community banks in Central Floridwain 1995, it was alreadty well known among the state'sd winter residents from Ohio and Michigan, but not likely by anyone else. Huntington eventually started working towardf placing supermarket branchesin Albertson's stores and ATMs in Walgreen pharmaciea as a means of adding to its name recognition. It wasn'g until this past December, however, that the $26.
u7 billion bank scored its biggesyt coupyet -- buying 60 divestede branches from Barnett Banks Inc. of Jacksonville earlier this in the midstof Barnett's mergerf with of Charlotte, N.C. When the conversiomn from Barnett to Huntington became officialJune 26, 132-year-oldx Huntington instantly became one of Florida's top five banka with $4 billion in It expects to have $6.2 billion in assets in Florida by the end of this "Our footprint in Florida is stilol pretty small," said James E. Dunlap, presidenrt of Huntington's Southern Region in "We have a good storty to sell ina post-Barnett Florida. I think there's a good opportunity to reacn those areas.
" With more than 115 branches including 50 inthe seven-countyy Tampa Bay area, and more than 200 there are few places Huntington doesn't reachj anymore. Its branch network now stretches from Daytona Beacto Naples, giving it at leastf a significant presence within Florida's fastest-growintg areas. That's a huge jump from just two years ago, when it acquires Peoples Bank of Lakeland as an eventuall gateway to its westward growthin Florida. Huntington paid $523 milliojn for the 60 Barnett offices, a bargain compares with its $551 millionm Peoples purchase inJanuary 1996.
Huntington intends to make the most of itslatestr investment, promising exceptional customer service to the 212,0000 customers it received from Barnett and expandingg further into parts of Florida whers it doesn't yet have branches. The NationsBank-Barnett merger opened the gatesefor Huntington's expansion, according to a 20-year veteran of the bank who has spenrt all but two of those years in Ohio.
"Therse is so much disruptiohn inthe (Florida banking) market right now that this is a golde opportunity to come in and fill a huge void," he Besides taking up much of Barnett's overlap in numerouz Florida markets, Huntington has other ways of filling that Its statewide alliance with Albertson's will allosw it to build a new supermarkegt branch every two weeks, minus Thanksgiving and Christmas. It plans to have an ATM in everh Walgreen location throughout the statre by this timenext year. "There is nothingf in our way in wanting to makethis happen," Dunlapp said.
Huntington has also been named asthe "official" bank of SeaWorlds Orlando, one of Florida's top tourisf attractions. Huntington will also sponsor the SeaWorld exhibit TheLast Generation?" Huntingtobn is using the manatee as a mascot for its Floridw operations as the bank vows in its advertisingv and marketing efforts to keep community banks from becominvg an endangered species. But while Floridians love the vulnerablesea critter, they may not take as kindl y to an expanding financial institution. Severalk ex-Barnett customers complained early in the transitionh about being switched toHuntington accounts.
Huntingtohn faced similar disruption when itboughtg Peoples, which had been Lakeland's largest independenr bank. Dunlap knows it takes more than bank buyoutds to gain customersand deposits.

Wednesday, October 13, 2010

Sarah Palin: Obama Is 'Quite Naive And Stubborn'; Someone Is 'Pulling His Strings' - Mediaite.com

vittitowmehigyk1238.blogspot.com


msnbc.com


Sarah Palin: Obama Is 'Quite Naive And Stubborn'; Someone Is 'Pulling His Strings'

Mediaite.com


She also says the president is “quite naive, he's stubborn, whoever it is that is pulling his strings will not let him admit that…what we know from history ...


At Newsmax, Palin joins fellow conservatives with false, inflammatory attacks ...

Media Matters for America


Former VP Candidate: Nuclear Iran Could Cause 'Armageddon'

Arutz Sheva


Palin Warns of 'Armageddon,' 'Third World War' in Exclusive Newsmax Broadcast

NewsMax.com



 »

Tuesday, October 12, 2010

Restaurants, bars snuff out smoking as new law nears - Portland Business Journal:

http://kentfamilychiropractic.com/Signs-Of-Pet-Allergies/Composite-Dental-Filling-Allergies/
The survey found that 91 percentr of establishments know that the new Smokefree Workplacse Law takes effecton Jan. 1, 2009. The survey considereds establishments that hold an Approximately 60 percent of those businessesz may allow smoking provided they post signs prohibiting minors from the Of those that canallow smoking, 44 percentf do not. The telephone survey was conducte in Apriland May. The new law, which was approved by the in June expands the number of workplaces tobe smoke- free to include bars, bingo halls, bowlin g centers, employee breakrooms and at leastt 75 percent of hotel and motel rooms.
It also prohibits smokintg within 10 feet of allbuilding exits, operable windows and ventilation intakes. Agenciew favor new bridge, light rail plan All six governmental bodied mulling alternatives to the current Interstate Bridge want anew six-lanee structure that contains a light-rail line to and bicycle and pedestrianb paths. The voted 10-3 for a new bridge, cementinfg the six-lane option as the project'x locally preferred alternative. The council joined TriMet, C-TRAN and city councils in Portland and Vancouver in approving a newtoll structure, as opposef to revamping the existing Columbia Rivet bridge.
The group will work to addressthe agencies' many recommendationsw on the project. The option offerws "the best potential to improve freight relieve congestion, improve safety for travelersz and provide real traveol choices while serving the public's needs," said Don Wagner, regionakl administrator for the 's Southwest Region. The project is estimateds to cost $4.2 billion and will be fundefd by various public agenciesand tolls. Projecrt leaders must still make severalp decisionson financing, how to levy tolls, the numbed of auxiliary lanes and the bridge'sa pedestrian and bicycle pathways.
Planners will also explore high capacity transit alignments on Hayden Island and in The Western Climate Initiative on Wednesday release d an initial design of its proposed regulatory framewor k fora cap-and-trade system of carbon emissions. The plan as proposec would cover only sources thatemit 25,000 metric tons of carbonm dioxide a year, meaning only about 60 entitiexs in Oregon would be subject to according to an estimate from the . Even so, the proposalp would encompass about 90 percent of the global warming pollution emissionz across the seven Western states and three Canadiah provinces included within the WesternClimate Initiative.
Undetr a cap-and-trade system, limits would be imposecd on how much carbon certain entitiescoul emit. An emitter that can't effectively reduce its pollutionb would be able to purchase allowances from emitters that are below the cappedlimit -- at once rewardingg clean industries while providing financial incentives for heavier polluters to clean up. In the proposal released any source thatemits 25,000 metric tons of carbom dioxide must begin providing annual emissions reports to the statr beginning in 2010. The emissiones cap for electricity, stationary source emissions and processw emissions would startin 2012. The drafy proposal answers a few key questionssfor stakeholders.
Among them is the inclusion of transportatio and home and commercial heating fuele intothe cap-and-trade system starting in 2015.

Sunday, October 10, 2010

Protecting the business against individual family interests - bizjournals:

http://lxgyms.com/desktop-hummer.html
In the minds of many people, if nobody in the familyy is able or willing to take over runningthe company, the only options are to sell it or shut it But maybe not. A numberf of senior owners of familh companies who find themselves withoutt a successor in the youngeer generation come up with ways to keep businesz ownership inthe family, even if the managementt has to go outside. Think abouy the Midwestern family that has owned and operatedc a chain of small market newspapers for more than 160 Thefamily – we’ll call them the Smithz – has had very few internal business and no one has ever electedc to cash out of the company.
In there’s usually been a place in the business for any qualified and committed familuy memberwho applied. How have they managed that ? Well, about 120 years ago, the widow of the founder’s son founsd herself the sole owner of the growing andsuccessfulo business. She was decidedlyg unimpressed with thenext generation’s pool of managementr talent, including her own children. She also heared some rumblings about splittintg up the company so that everyonwe who wanted his own newspapef couldhave it.
Not a chance, said the gritty lady, and she put the whole kit and kaboodle into a She made a provision that if the trust were ever the company would have to be sold out of the familhy with the proceeds going to And ifthat wasn’yt enough to scorch some bonnets, she also insistex that all future CEO’s be hire d by the trustees and that nary a one of them be a familty member. A few feathers were ruffled at the but today the Smiths have a very profitable and satisfyingfamily business. Anotheer family in business call them theJohnsons – reached the end of theidr successor string with the seconds generation of family owners.
Instead of calling it quitsa and selling theirmanufacturing company, the shareholdintg members of the family agreed to bringh in professional management. They conducted a globakl search and hired an experienced seniodr executiveas president. The Johnson family retained their representation on the boardx and a coupleof upper-level managemeny jobs, but they let their new CEO staff the executive suite with qualified people he could work with effectively. And they provided compensation packagea for their outside executives that equalex the industry standard andthen some.
The Johnsons will continue to ownthei company, confident that although management is out of the family’s it’s in good

Saturday, October 9, 2010

Medium: 3rd place HOK - St. Louis Business Journal:

plesciamipukoa1855.blogspot.com
“I’ve worked for really amazing companied inthe past,” said Tracy vice president and human resources manager at HOK, who joinedx the company a year ago after previously workinv for and . “But HOK is a phenomenalo placeto work.” The inviting atmosphere and open design of the firm’s office makes it a welcome placr to work for HOK landscape architectt Chris Fannin. The 57,000-square-foot office features high exposed concrete floors and lots of windows that offer natural lightg and a broad view of the downtown area. “It’s a fantastic space,” Fannin said. “Youi can see the people you’rer working with.
It makes all the differencew inthe world.” HOK, headquarteres and founded in St. Louis, is one of the largestt architectural design firms inthe world. The companyg employs 2,000 globally and about 300 in St. The firm reported 2008 revenueof $752 For Moore, the flexibls schedule is the biggest company perk. Employeesa are allowed to start work anytime betwee n7 a.m. and 9 a.m., and Moore is able to checmk out a wireless laptop and work from home once a Duringthe summer, employees can work an extra hour Monday-Thursdaty in order to take off Friday afternoon. “We are a companhy that measures on performanceand output, not punchinf in and out on a time clock,” Moorew said.
“I really appreciate the flexibilitgy of daysand times.” In 2008, HOK added paternity which allow new dads two paid weeks off after the birth of a child. “Pai paternity leave has really been warmly welcomed by our Moore said. “Whether you choose to take advantage of itor not, it still makes you proud that your company offerzs that type of benefit.” HOK employeese who choose to adopt can also take advantaged of financial assistance and paid time off for the HOK gave all of its employees a paid day off last summerf to volunteer for a communit y involvement day.
More than 150 employeexs spent two Fridays and two Saturdays rehabbinyg Roe School in the Dogtown Employees scraped walls and completed a major landscaping project and painter murals throughoutthe hallways. “The commitment to the communitgy at HOKis incredible,” Fannin “There are so many volunteers that serve on committeexs and are active in the community. Here thers is a civic prids in being a partof St. Louis.
” HOK implementefd its ‘Idea Board’ 18 monthsw ago as an organizationalo structure designed to solicit new innovative The board meets annually and chooses a handfulo of the ideas and provides funding for some to develop intoa “As good as we are, the compang is always trying to be And I love that,” Moore “It’s a fun place to work and I honestly can say I can’ wait to go to work everyday.

Thursday, October 7, 2010

MMAC: Milwaukee-area economy still sluggish - Pacific Business News (Honolulu):

http://www.roseinbloomnewhope.com/a-home-for-all-seasons/
Only three of 20 April indicators registered improvemen tfrom year-ago levels, matching the number of upward-pointing indicators recordexd in March, the MMAC said in its Economic Trendsw report. "The employment situation continued to deteriorate with deepening job declines and unemployment indicators over doubles what they were one year saidBret Mayborne, economic research director for the MMAC. "Bu metro area existing homeds sales rose for only the second time in nearly three yearsx giving some hopefor near-term improvement in a stagnant local housinh and real estate market." Nonfarmk employment in the metro area fell 4.
8 percent in Aprill to 812,300, down from March’s 4.3 percent decrease. Employmen t levels have now declined compare dwith year-ago levels in each of the past 12 with April’s decline being the steepest registered in this period, the MMAC said. Only two of 10 majorr industry sectors registered April job gains comparedr with oneyear ago, whil e eight registered declines. Unemployment indicators for the metr o area both measured more than twicetheir year-earliefr levels. The number of unemployed in metr o Milwaukeerose 117.6% against year-agp levels, to 70,300 compared with 32,300o in April 2008. Likewise, new unemployment compensation claimsz rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increase of 100 percent or On the positive side, existing homex sales for the metro area rose 5.6 percen t in April, the firsft year-over-year increase in this indicator in seven months and only the secons such gain in nearly three years.

Wednesday, October 6, 2010

Supreme Court stays Chrysler-Fiat deal - Triangle Business Journal:

http://children-count.org/lists.html
Hensarling applauded the stay as an appropriate measurew that will allow for a review of how federal bank bailout funds have been utilized bythe automaker. “ I am encouraged by the Supreme Court’s stay of the Chryslert bankruptcy proceedings,” said U.S. Rep. Hensarling. “I have been concerned about the fundamental constitutional issues of due process and equal protection that cry out for judicia l review and fundamental issuesa related to a misuse of TARP funds crying out forlegislativwe review.” TARP stands for Troubleds Asset Relief Program, the formal name for the federal bank bailout funding program. filed for bankruptcyu protectionin April.
At the time, the company said it was workinyg out a deal to combins its operationswith Fiat. As part of the originak deal, the federal governmenyt said it wouldprovide $3.5 billion for bankruptcy financing and another $4.7 billion in exit financing. In Chrysler said at the time it would entetr into a dealwith Italy's Fiat in which Fiat had agreefd to transfer billions of dollars in cutting-edge technology to Chrysler.

Monday, October 4, 2010

Bromine Prices To Rise Along With Albermarle Earnings - Benzinga

xeconatyxex.blogspot.com


Bromine Prices To Rise Along With Albermarle Earnings

Benzinga


In the report, Jefferies writes "Reflecting a tight global market, Albemarle has announced a price increase for elemental bromine by $500/t, or roughly 15%, ...


Albemarle to Increase Price of Elemental Bromine and Hydrobromic Acid

Your Petrochemical News (press release)


Albemarle Corp to hike elemental bromine and hydrobromic acid prices

Trading Markets (press release)



 »

Sunday, October 3, 2010

California Treasurer

ermolayxitpev.blogspot.com
Analyst Martin Weiss of said in a June 22 reporrthat California’s financial woes create “wa very high probability” that Californi will eventually miss debt service payments. “Mr. analysis and recommendation, to put it kindly, is responded Tom Dresslar, a spokesman for statew TreasurerBill Lockyer. “Even the credit ratinyg agencies said, in announcing possible downgrades, that the likelihood of defaultis low. “Wr can’t stress it strongly enough.
We have never defaulted on a debt service and we willnot default,” Dresslar said, pointing out that in the fiscalk year ahead, there’s $50 billion available to covefr about $5 billion in debt He also noted that debt serviced is a “continuing appropriation,” meaning that debt service paymentsw are made even if a statwe budget hasn’t been adopted. In remarks at an economic conference at earlierthis year, Lockyet said that after education, timely payments to bond holderas is the state’s highest priority.
The strong remarkes from the treasurer and his office underscore the steep price California would likely have to pay in the capitapl markets for years if it wereto “It’s a situation to be avoided at all Dresslar said. But Weiss said in titled “California collapsing,” that the Goldenb State has lostits shine. “Even if you can’rt get what you might consider agood price, sell all Californiaw paper now,” Weiss said. He’s also urginh investors to consider unloading alltheir tax-exempt bonds.
That’s a reflection of how traumativ a California default would be onthe nation’s municipak bond market and the retaipl investors who have been told for yearas how reliable issuers have been in payingg principal and interest, even durintg the darkest days of the Great (Warren Buffett, whose (NYSE: BRK.A) BRK.B) insures muni bonds, says such talk ignores the massiv e pension obligations that muni bond issuers face Weiss criticizes those who have paid littlde attention paid so far to California’s financial woes. “Washington and Wall Streeft seem to be treating California as if it were a sideshoq in the financial circu s of theseturbulent times.
It’se not,” Weiss wrote. “There is a very high probability that Californiqawill default.” He urges investors not to under-estimates the impact of “California’s depression” on the rest of the reminding his readers that the state’s $1.8 trilliob economy is larger than that of Russia, Canada or India. Weiss also criticizes the major debt-rating agencies for “artificially inflating the rating, stallinb downgrades and grossly understating the riskto investors.” California holds the lowesty rating of all states. Moody’s this montbh said that it could furtherdowngrads California’s bond ratings.
Standard & Poor’s said that a downgradd is possible, noting “insufficientt or untimely adoption of budget reforms servre to increase the risk ofmissed payments.” Earlier, warned that it might also cut its Californisa bond ratings. Moody’s’ decision coulc lower the “A2” ratingh it has on California’s general obligatiom bonds as well as the rating assigned tothe state’s federally taxabled general-obligation bonds and stem-cell-researcgh bonds. The move could also affect the ratings on otherCalifornia paper. Worse yet, Moody’s said the stats may face a “multi-notch downgrade” on $60 billio of general-obligation bonds.
“Once California’s rating is likely to fall below the minimalk level legally required for most moneymarkert funds, forcing them to dump California paper Weiss said.