coras-newport.blogspot.com
Moody’s cut the Charlotte-based company’s rating to Caa2 from B3. The agencyt also lowered FairPoint’s rating to negative from FairPoint’s ratings on its secured and unsecured debt alsowere lowered. Moody’d says the downgrade is based on “Moody’s expectation of a high defaulft probability anda lower, though still above-average, estimatefd recovery rate across all debt The agency says its decisionm follows the telecommunication company’s announcement last week that it was launchingv a private exchange offer for its outstanding 13.125 percentf senior notes due in 2018.
FairPoint said the offet was designed primarily to reducethe company’d second- and third-quarter interest expenses. It also will help keep the companyt in compliance with its senior secured creditfacility agreement. FairPoinft said it believes the exchanges offer is critical to itscontinuede viability. The company is workingb with its financial adviser to evaluate itscapita structure. Last year, FairPoint boughtr ’s land-line operations in Maine and New Hampshirefor $2.3 billion.
The deal made FairPointf (NYSE:FRP) the country’s eighth-largest telephone But FairPoint took on substantial debt to do the and the integration did not go Problems in converting billingto FairPoint’s system from Verizon’ led to slow collections and frustrated customers. Phonre and e-mail service problems cropped up across the new And regulators in the region expressed dissatisfactionm with some ofthe operations. Durin g the first quarter, FairPoint drew $50 million undere its $170 million credit facility. As of March 31, only $4.7 million remainexd available to borrow. The company says liquidity remainea problem.
In addition, cash collections have remained beloew the levels it had before switching Verizon customerd to theFairPoint system. Should those factors the company says it may be unablwe or unwilling to makeits Oct. 1 interesgt payment on the notes, whichb could constitute a default. The exchange offer expirews July 22. Two weeks ago, Chief Financialk Officer and FairPoint board membet David Hauser announced he would retirefrom Charlotte-baseds Duke (NYSE:DUK) and becomr FairPoint’s chief executive and He will assume his new responsibilitiex upon Gene Johnson’s retirement as FairPoint chairman and CEO on Johnson, a co-founder of previously announced his plans to He has been the company’s chiefd executive since 2002.
Hauser has been a member of FairPoint’s board since February 2005, servinyg as a director, chairman of the compensation committee and a memberf of theaudit committee. “While it is gratifyin g to be named chairman and CEO of this longstanding I am very aware of the operationapl and financial concerns surroundingthe company,” Hauseer says. “My primary focus will be to address these concerns in quick succession and empower our team to seek andimplemeny solutions. There is a lot of work to be and I am looking forward togettingb started.
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понедельник, 30 мая 2011 г.
суббота, 28 мая 2011 г.
Harbour Group
opexibu.wordpress.com
for an undisclosed amount. Walton/Stout, of Lithonia, Ga., specializes in materialo handling, blending, crystallizing and dryinhg applications for a wide rangeof industries. The compangy produces a broad line of larg drying systemsand crystallizers, both electric and Schaumburg, Ill.-based ACS Group, led by President Tom Breslin, manufactures, markets and supports lines of auxiliary productsx for the plastics processing Its products are marketed under the brand namesw of AEC, Sterling, , , Economizer, Wabash and St. Louis-based Harbour Group, led by Chie Executive Jeff Fox, is a privately owned company that also has officeasin Shanghai, China and Bangalore, India.
Harbour Group and its operating companies are engaged in the manufacturde and distribution of decorative kitchen andbath hardware, specialty LED linear actuators and automotive-enthusiast products, lubricating systems and abrasives, diamond cutting products and relatedf tools, entertainment and music products and auxiliary plastic processinf equipment.
for an undisclosed amount. Walton/Stout, of Lithonia, Ga., specializes in materialo handling, blending, crystallizing and dryinhg applications for a wide rangeof industries. The compangy produces a broad line of larg drying systemsand crystallizers, both electric and Schaumburg, Ill.-based ACS Group, led by President Tom Breslin, manufactures, markets and supports lines of auxiliary productsx for the plastics processing Its products are marketed under the brand namesw of AEC, Sterling, , , Economizer, Wabash and St. Louis-based Harbour Group, led by Chie Executive Jeff Fox, is a privately owned company that also has officeasin Shanghai, China and Bangalore, India.
Harbour Group and its operating companies are engaged in the manufacturde and distribution of decorative kitchen andbath hardware, specialty LED linear actuators and automotive-enthusiast products, lubricating systems and abrasives, diamond cutting products and relatedf tools, entertainment and music products and auxiliary plastic processinf equipment.
четверг, 26 мая 2011 г.
Study: Bank
http://xinvesting.com/calculators/retireplan.htm
Brand image and the impact of the initial visit by a potentiao customer can be paramount to the final decision regarding which retail bankto choose, a nationakl study has found. According to the J.D. Powet & Associates retail bank shopping study, released Tuesday, 36 percent of a consumer’s decision to choose a bank is driven by the financiapl institution’s brand image, followed by branch location at 21 percent.
“Some crucial aspects of a bank’z brand image — such as perceivecd financial stability andreliability — can be difficult for a bank to which negatively affects the bank’s likelihood of beingv selected,” said Michael Beird, director of the bankin g practice at J.D. Power. “However, branch employeesa can positively impacta bank’s brand image by providing personalp service, communicating proactively and having a customer-drivebn focus.” Nearly a third of customers who avoid using a particular bank have done so becausw of a previous bad experiencew with that brand, the studh showed.
Word-of-mouth recommendations — positive or negativ — also figure into the selection process, with 31 percent of respondent s ranking that as an important part ofthe bank’sa brand image. The study also showed that a customer’s satisfaction with setting up a new accounf increases considerably when bank employees show alittle enthusiasm. Greetinbg the customer when he or she enterdsthe bank, keeping wait times to under five minutes, callingt the customer by name and providing a detailee needs assessment were among the item bank customers mentioned as important to the selection The J.D.
Power conducted in February and March, was basexd on responses from morethan 7,500 bank customers shopping for a new bank withibn the past 12 months.
Brand image and the impact of the initial visit by a potentiao customer can be paramount to the final decision regarding which retail bankto choose, a nationakl study has found. According to the J.D. Powet & Associates retail bank shopping study, released Tuesday, 36 percent of a consumer’s decision to choose a bank is driven by the financiapl institution’s brand image, followed by branch location at 21 percent.
“Some crucial aspects of a bank’z brand image — such as perceivecd financial stability andreliability — can be difficult for a bank to which negatively affects the bank’s likelihood of beingv selected,” said Michael Beird, director of the bankin g practice at J.D. Power. “However, branch employeesa can positively impacta bank’s brand image by providing personalp service, communicating proactively and having a customer-drivebn focus.” Nearly a third of customers who avoid using a particular bank have done so becausw of a previous bad experiencew with that brand, the studh showed.
Word-of-mouth recommendations — positive or negativ — also figure into the selection process, with 31 percent of respondent s ranking that as an important part ofthe bank’sa brand image. The study also showed that a customer’s satisfaction with setting up a new accounf increases considerably when bank employees show alittle enthusiasm. Greetinbg the customer when he or she enterdsthe bank, keeping wait times to under five minutes, callingt the customer by name and providing a detailee needs assessment were among the item bank customers mentioned as important to the selection The J.D.
Power conducted in February and March, was basexd on responses from morethan 7,500 bank customers shopping for a new bank withibn the past 12 months.
понедельник, 23 мая 2011 г.
Small gains give succour to gold bugs - Financial Times
House Siding
Financial Times | Small gains give succour to gold bugs Financial Times The weaker buck makes gold seem cheaper for non-dollar domesticated buyers, so the US currency tends to have a fairly tight inverse correlation to gold. Worries about US currency debasement may be easing as the end of QE2 nears. ... |
суббота, 21 мая 2011 г.
Republican Convention brings nat
How to install vinyl siding
And while mayors R.T. Rybak and Chri s Coleman, along with Gov. Tim were quick to declare the convention a successd in the days afteerthe event, not all local businesw owners or elected officials agreed. Restaurant ownersz and retailers neardowntown St. in particular, complained that business sufferedc because delegates were bussed righ to the fromtheir hotels, eliminating significant foot while regular customers typically steered clear during what they though t would be a convention There’s also speculation that the arrests of hundredsx of RNC protesters, and even some further deterred potential customers.
Over in Minneapolis, several restaurants, including Manny’s Steakhouse and the & reported tremendous convention-related success. Civic Fest: A Very Minnesota held at the duringconvention week, was expectedr to draw close to 150,000 people, according to the Minneapolis-St. Paul Host When it was learnedf that onlyabout 50,000 passesz were actually distributed in the first five days of the seven-dayh event, some vendors leading the Host which organized the event, to announce it would refun d booth-space rental fees to individual vendors. In St.
Paul, bar owners who paid $2,500 to servew alcohol until the wee hours of the morningb also received asubstantial refund, all but $50 of the initial fee, after the city’s reported no violations occurredc during the convention. And though an estimated 16,000 hotel rooms in abouyt 100 hotels were booked in the Twin Citiees andsurrounding suburbs, many of the Minneapolise hotels that opened in just weeks prior to the convention, are today largely vacant. In late September, St. Paul City Councill member Dave Thunesaid “the wholee RNC experience left a bad taste in so many people’e mouths.
” While many agree the immediate economic impact of the RNC was overstated in the planninvg stages, others, including former U.S. Sen. Rudy Boschwitz, contend the impacty of hosting the RNC will be felt well into the futurs because of the national and international spotlight cast on theTwin “We’re in the big time now, no questiojn about that,” Boschwitz said. Still, if there was one cleadr winner inall this, from a business it was Neiman When news of the Republican National Committee’s high-priced outfittingv of vice presidential candidate Alaska Gov.
Sarah Palin — and in a $75,000 shopping spree at the high-end downtown Minneapolis retailer during theconvention — were revealed in late the store garnered worldwide
And while mayors R.T. Rybak and Chri s Coleman, along with Gov. Tim were quick to declare the convention a successd in the days afteerthe event, not all local businesw owners or elected officials agreed. Restaurant ownersz and retailers neardowntown St. in particular, complained that business sufferedc because delegates were bussed righ to the fromtheir hotels, eliminating significant foot while regular customers typically steered clear during what they though t would be a convention There’s also speculation that the arrests of hundredsx of RNC protesters, and even some further deterred potential customers.
Over in Minneapolis, several restaurants, including Manny’s Steakhouse and the & reported tremendous convention-related success. Civic Fest: A Very Minnesota held at the duringconvention week, was expectedr to draw close to 150,000 people, according to the Minneapolis-St. Paul Host When it was learnedf that onlyabout 50,000 passesz were actually distributed in the first five days of the seven-dayh event, some vendors leading the Host which organized the event, to announce it would refun d booth-space rental fees to individual vendors. In St.
Paul, bar owners who paid $2,500 to servew alcohol until the wee hours of the morningb also received asubstantial refund, all but $50 of the initial fee, after the city’s reported no violations occurredc during the convention. And though an estimated 16,000 hotel rooms in abouyt 100 hotels were booked in the Twin Citiees andsurrounding suburbs, many of the Minneapolise hotels that opened in just weeks prior to the convention, are today largely vacant. In late September, St. Paul City Councill member Dave Thunesaid “the wholee RNC experience left a bad taste in so many people’e mouths.
” While many agree the immediate economic impact of the RNC was overstated in the planninvg stages, others, including former U.S. Sen. Rudy Boschwitz, contend the impacty of hosting the RNC will be felt well into the futurs because of the national and international spotlight cast on theTwin “We’re in the big time now, no questiojn about that,” Boschwitz said. Still, if there was one cleadr winner inall this, from a business it was Neiman When news of the Republican National Committee’s high-priced outfittingv of vice presidential candidate Alaska Gov.
Sarah Palin — and in a $75,000 shopping spree at the high-end downtown Minneapolis retailer during theconvention — were revealed in late the store garnered worldwide
четверг, 19 мая 2011 г.
Cubs almost twins - Boston Globe
pohevovotybuc.blogspot.com
MassLive.com | Cubs almost twins Boston Globe Stephen King once told us that a Cubs-Red Sox World Series would be a sign of the apocalypse. Truth be told, the only thing missing when the Red Sox fin » |
понедельник, 16 мая 2011 г.
HAFB mom faces federal judge - Alamogordo Daily News
http://songlyricscollection.com/t/the_puppini_sisters/betcha_bottom_dollar/bei_mir_bist_du_schon_lyrics.htm
HAFB mom faces federal judge Alamogordo Daily News LAS CRUCES - A Holloman Air Force Base mother who, in the words of the state, spent hours online playing World of Warcraft until late in the night as her young daughter "withered away" from malnutrition and ... |
суббота, 14 мая 2011 г.
For Loftin & Co., the key is consistency, and no red ink - Kansas City Business Journal:
framptongeqeaqu1461.blogspot.com
“We have always remained true to our core values taking care of customers and taking careof employees,” says Bill Loftinn Jr. “Investing in people and investing in equipment is how you stay in He owns withhis father, Bill Sr., and brother-in-law Walterr Hobbs. The company, based in Charlotte sincr 1993, was started in Gastonias by Bill Jr.’s grandfather, Charlexs Loftin. In 111 years, Loftin & Co. has never had a Business felloff 10% in this year’s firs t quarter from the same period in 2008. But the company is still in the and the staff of 23remains intact. Loftin continuex to pay 100% of thosew workers’ health-insurance premiums.
“It’s important to take care of yourpeopl — it does return back to your says Bill Jr., vice president. “We’ve always practiced lean management — therre are no middle managers. You don’t have to be telling people what to do all the We hire the best peopls and give them the tools to In a highly competitive industry where technologica changes repeatedly revolutionize theproduction process, stayint current is a must. So Loftin continues to buy new equipment That includedspending $500,000 two yeard ago for a digital prese and then investing $2 million for a 40-inch press, a folding machine and a pre-pressa work-flow system last fall.
The latter was financed by a 504 loan throughn the SmallBusiness Administration. “We neede to retool to be more productive,” Bill Jr. “I have no regrets — the paymentss are palatable. If you don’t investy and upgrade, you won’t be here.” QUIC DID YOU KNOW? • Loftin & Co. is a full-servicd printer with a range of corporatew andadvertising clients. • Company President Bill Loftin Sr. is 89 and stilkl comes to work six daysa week.
“We have always remained true to our core values taking care of customers and taking careof employees,” says Bill Loftinn Jr. “Investing in people and investing in equipment is how you stay in He owns withhis father, Bill Sr., and brother-in-law Walterr Hobbs. The company, based in Charlotte sincr 1993, was started in Gastonias by Bill Jr.’s grandfather, Charlexs Loftin. In 111 years, Loftin & Co. has never had a Business felloff 10% in this year’s firs t quarter from the same period in 2008. But the company is still in the and the staff of 23remains intact. Loftin continuex to pay 100% of thosew workers’ health-insurance premiums.
“It’s important to take care of yourpeopl — it does return back to your says Bill Jr., vice president. “We’ve always practiced lean management — therre are no middle managers. You don’t have to be telling people what to do all the We hire the best peopls and give them the tools to In a highly competitive industry where technologica changes repeatedly revolutionize theproduction process, stayint current is a must. So Loftin continues to buy new equipment That includedspending $500,000 two yeard ago for a digital prese and then investing $2 million for a 40-inch press, a folding machine and a pre-pressa work-flow system last fall.
The latter was financed by a 504 loan throughn the SmallBusiness Administration. “We neede to retool to be more productive,” Bill Jr. “I have no regrets — the paymentss are palatable. If you don’t investy and upgrade, you won’t be here.” QUIC DID YOU KNOW? • Loftin & Co. is a full-servicd printer with a range of corporatew andadvertising clients. • Company President Bill Loftin Sr. is 89 and stilkl comes to work six daysa week.
четверг, 12 мая 2011 г.
Out-of-pocket costs rising for health insurance - South Florida Business Journal:
axilecyqih.wordpress.com
The study, authored by researchers from the Nationalp Opinion Research Center and Watson Wyatt Worldwidwe and funded by The Commonwealth examines trendsin employer-sponsored insurance from 2004 to 2007. It found risinvg rates of underinsuranceand unaffordability, particularly for poorer and sicker In 2007, adults with employer coverag e faced an average of $729 annually in out-of-pocketf costs for medical services, including deductiblesw and other forms of cost sharing such as copayments and coinsurance. That representw a 34 percent increase from when theaverage out-of-pocket burden was $545.
Healtg plans covered a slightly smaller percentage of overall expenses in 2007than 2004, but growthg in overall health spending was the chief culprit behind rising out-of-pocket costs, according to the “The years from 2004 through 2007 were a period of economicc expansion, yet rising health care costsx still eroded the value of employer-sponsored said lead author Jon “Historically, employees have been asked to shoulder even more of the cost-sharinv burden during difficult economic timesd such as the United State s is now experiencing.
Hence, it is imperativer that health care reform include constraints onhealthb spending, or else health insurance will become unaffordablw for low- and middle-income Americans, and reform itselr will be unsustainable.”
The study, authored by researchers from the Nationalp Opinion Research Center and Watson Wyatt Worldwidwe and funded by The Commonwealth examines trendsin employer-sponsored insurance from 2004 to 2007. It found risinvg rates of underinsuranceand unaffordability, particularly for poorer and sicker In 2007, adults with employer coverag e faced an average of $729 annually in out-of-pocketf costs for medical services, including deductiblesw and other forms of cost sharing such as copayments and coinsurance. That representw a 34 percent increase from when theaverage out-of-pocket burden was $545.
Healtg plans covered a slightly smaller percentage of overall expenses in 2007than 2004, but growthg in overall health spending was the chief culprit behind rising out-of-pocket costs, according to the “The years from 2004 through 2007 were a period of economicc expansion, yet rising health care costsx still eroded the value of employer-sponsored said lead author Jon “Historically, employees have been asked to shoulder even more of the cost-sharinv burden during difficult economic timesd such as the United State s is now experiencing.
Hence, it is imperativer that health care reform include constraints onhealthb spending, or else health insurance will become unaffordablw for low- and middle-income Americans, and reform itselr will be unsustainable.”
понедельник, 9 мая 2011 г.
Bombardier sees bright future in aviation - Sacramento Business Journal:
http://fdgl.org/conference.htm
Its 10-year forecast for the business jet markerpredicts 11,500 deliveries from 2009 to which represents $256 billion in worldwide The company also forecasts 12,400 deliveries in the 20-to-1489 seat commercial market over the next 20 years. From 2009 to Bombardier predicts this market to beworthg $589 billion. “The financialo turbulence being felt around the globe has placeed a significant focus on the challenge s facing theaviation industry, particularly within the business jet sector,” Mairear Lavery said in a Lavery, vice president of strategyy and business development for Bombardier, believes the immediate futurd of the industry will remain volatile.
But he said the long-terk future still holds plenty of opportunity foraircrafrt manufacturers. “As the world begins to emerge from thiseconomixc crisis, demand should gradually return and future prospectsw remain solid,” he said.
Its 10-year forecast for the business jet markerpredicts 11,500 deliveries from 2009 to which represents $256 billion in worldwide The company also forecasts 12,400 deliveries in the 20-to-1489 seat commercial market over the next 20 years. From 2009 to Bombardier predicts this market to beworthg $589 billion. “The financialo turbulence being felt around the globe has placeed a significant focus on the challenge s facing theaviation industry, particularly within the business jet sector,” Mairear Lavery said in a Lavery, vice president of strategyy and business development for Bombardier, believes the immediate futurd of the industry will remain volatile.
But he said the long-terk future still holds plenty of opportunity foraircrafrt manufacturers. “As the world begins to emerge from thiseconomixc crisis, demand should gradually return and future prospectsw remain solid,” he said.
суббота, 7 мая 2011 г.
Fairfield County has major influence on NCAA lacrosse tournament - Ct Post
xszeyluje.blogspot.com
Fairfield County has major influence on NCAA lacrosse tournament Ct Post The guy who scored the championship-winning goal is junior CJ Costabile, New Fairfield. Tom Montelli of Weston is a team captain on defense. Senior attackman Tucker Virtue played at Brunswick. At midfield, senior Sam Spillane (Darien), ... |
четверг, 5 мая 2011 г.
Celebrate Mom ---- and her sweet tooth ---- with a cake - North County Times
http://buskinjournalism.org/BW03e1_HowtoEditorial.htm
Celebrate Mom ---- and her sweet tooth ---- with a cake North County Times Instead of presenting a bouquet of flowers to your mother for Mother's Day, consider a flowered Lemon Honey Triple-Layer Cake. (Photo by Matthew Mead - Associated Press) Instead of giving your mother a bouquet of flowers for Mother's Day, ... |
вторник, 3 мая 2011 г.
'Fast Five' Director on Sequel: 'It's Going to Happen' - Hollywood Reporter
xagawu.wordpress.com
Hollywood Reporter | 'Fast Five' Director on Sequel: 'It's Going to Happen' Hollywood Reporter It's going to happen." While Universal had no official comment on the inevitable sequel's status, the studio was gearing up for further installments of the franchise even before the movie opened domestically. The road-racing premise that fueled t! he ... |
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