четверг, 31 мая 2012 г.

SBA names 3 Albany banks "top lenders" - The Business Review (Albany):

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market. The SBA guarantees portions of loansa to small businesses that may not otherwisde receivebank financing. In the fiscap year ended Sept. 30, the federal agency backexd 368 loans valued at morethan $70 in the 11-county Albany market. , a Providence, R.I. institution with its New York headquarterasin Albany, was the most active SBA lenderd among banks with assets of more than $10 Citizens made $1.3 million in SBA-guaranteed loans to 46 businesses. In the categor y of banks with assety sizefrom $1 billion to $10 billion, First , Niagaras County, was the top lender for the third consecutiver year. Its 34 SBA-guaranteed loans, with a valuew of $5.
5 million, also made it the most active lender in this category in theentire 34-county Syracuse District, which included Albany. Among the small, community banks, The Co. of Saratoga Springz was No. 1, with 11 loans valuede at $840,850. It tied with for activity in the Syracus District asa whole. Adirondacl Trust has been the top community bank lenderd locally every yearsince 2001. The SBA also gave the of Albangy its first Patriot Lenderd of theYear award. The lending consortium and its the , made eight loans to Veterana small business owners during the fiscal year, accounting for more than 11 percentr of the loans made to veterans in the Syracusee District.

среда, 30 мая 2012 г.

Biotech

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million with fuel giant . The two companiesw plan to build the biggest cellulosic ethanoo plant inthe country, in Florida. Verenium (Nasdaq: is just one of the many biomass-related venturess gaining traction in which has a long history of investmeng and research in thebiotechnology sector. Roughly $200 million in ventures capital has poured into the local sector over the past twoyearx — a flood of moneh for a sector that saw virtuallyh no local investment prior to 2006, accordingf to data provided by Dow Jones VentureSource. As of last the state had roughly 30 companies focused on the production and distribution of biomass productxand services, according to the .
Cellulosic ethano is biomass madefrom non-food plantsx and waste — for instance, grass or sewage insteadf of corn. In Florida, you can grow 18 to 20 tons of grassezper acre, per year a tremendous advantage over the growing potential in But Carlos Riva, Verenium’s president, says the company’sd headquarters will remain in Massachusetts. “The reasoj to be here is the business the qualityof people, the sourcexs of innovation and the support of the he said. Indeed, the Bay State’s biotechnology sectodr has proven a fertile breedinfg ground for startups seeking to convert biomas s into alternatives tofossil fuels.
Jim Lane, the editorf of the national dail newsletterBiofuels Digest, agrees with Riva’a assessment. “From both an investor and producerd pointof view, the top five bioenergy clustersw are San Francisco, San Diego, Seattle, the Corn Belt and Massachusetts.” Lane said the region’s strength in this field can be attributed in large part to the strengtjh of the technology coming out of the area’zs universities. But he said another importanr factor is that because the venture capital community is used to funding biotechnology they are used to the risk and long time horizones that also come withthe sector’s energy-focused startups.
And “they get the science,” Lane said. All of which is a big advantags in getting technologiesto market. He said the other advantage the region has is the commitmenftof top-level state lawmakers. But some say the recession has reducedf some of the andthe public’s, sense of urgency over bringinv alternative fuels to market. Michael Raab of , anothere cellulosic biomass makerin Cambridge, said the urgency in the public domain has waned a bit since the recessionj set in. “Our commercial prospects lookexd a lot better when oilwas $100 a he said.
Raab also said that even with the best researcjand development, and strong support from there are still some technical difficulties in simplgy going from making a small amount of fuel to scalintg it up to the mass productioh needed to really change the way Americans use energy. But the long-terjm picture for the state’s alternativer energy industrylooks strong. Biofueld executives and advocates are encouraged by thestimuluws package, which includes an $800 million grang for biomass. Another $400 million has been set aside for the creation of a new agency to be callecthe -Energy, an appropriation that could also benefit the biomass industry.

понедельник, 28 мая 2012 г.

Small business pushes credit card reform - Boston Business Journal:

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It’s a figure a group of small business owners say creditt cardcompanies don’t want but one that consumers need to “The continuing burden of or swipe fees on small business owners has become heavier and heaviefr to bear. It is the seconc largest expensebehind payroll. It is something we are extremelworried about,” said Jim Smith, president of the Floridz Petroleum Marketer and Convenience Store during a Monday news conference. Credi t card companies, on the other hand, say the fees are simpl y the cost ofdoing business.
Credit card swipe fees called interchange fees by the big banks that set theseratesa – are a percentage of each transactionn that Visa and MasterCard and their member banksw collect from retailers every time a credit or debit card is These fees average aboutr 2 percent in the U.S., according to the , the associatiohn for convenience and petroleum retailing, which put together Monday’s news In 2008, credit card fees cost U.S. convenience stores $8.4 billion, compared with $5.2 billion in stored profits, according to NACS data. Almosy all of these credit card fees are attributablse to credit cardswipe fees.
Convenience store owner Bruce Mitchell said his operation paid out morethan $3 milliobn in credit card fees last year. “I am payin g 25 percent more for credit card fees than I pay in he said. Recently, tax officeds in four Florida counties – Walton, Osceola and Brevarfd – said they will no longer accept Visa becauss there was no room in their budgets to absorb the swipe fee The coalitionnoted that, while county governmentxs have the ability to say no becauss Floridians must pay their businesses can’t afford to say no to credit card The groups are pushing for legislationh that would either require credig card companies to reveal swipe fees or allow merchants to negotiate thoswe fees, thus leveling the playing field.
Federall lawmakers recently reintroduced the Credit Card FairFee Act, whichu NACS said would give merchants “z seat at the negotiating table with banks to determin the fees assessed for every sale made by creditr card, and ultimately reduce the costs of everyda goods for consumers.” But, the , an organizatiob that represents payment card financial services companies and financial services trade said in a new release that retailerse are trying “to make consumerzs pay for one of their business expensews – the cost of accepting crediyt and debit.

воскресенье, 27 мая 2012 г.

Baltimore Examiner to fold after failing to land buyer - Birmingham Business Journal:

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The last edition will hit newsstands Feb. 15. The Baltimors Examiner’s 90 employees will be laid off, spokesman Jim Monaghanm said. Its Denver publisher, , had been looking for a buyer forseveral months. The newspaper’s proximitty to the Washington Examiner, a sister made it difficult to garne r enough revenue onits own, the company said in a statement. “It is not possible to maintainh two major daily newspapers withina 50-mile distancer and do justice to both Clarity CEO Ryan McKibben said in a Clarity will invest in its online operation and in the Washington Examiner and .
Thoser newspapers are located in top 10 consumer which make it easier to bring in nationaoadvertising buys, Monaghan said. With all eyes on the nation’sd capital with the election of President Barack Washington in particular is attractingnational attention, he The Baltimore Examiner launched when the housinv and retail industries were strong enough to support a second Newspaper officials said they were offering an alternativ e business model to the . The free newspaper was delivererdto targeted, high-income neighborhoods. At that time, it boasted that its deliver yto 250,000 households gave it a larger reach than the Baltimore Sun.
But the newspaper stoppedx delivering daily last year and the economy hascripplef retail, housing and automotive firma that are stalwart daily newspaper The Baltimore Examiner’s closure is the latesft sign of how the economyg is crushing daily metropolitan newspapers. The news of the shutdow n comes just two days after the parenf company of the Capital newspaper in Annapolis said it is slashinh 111 jobs in respons e to declining advertising revenue and aweak economy. Last the parent company of the Baltimore Sun file Chapter11 bankruptcy. the recession’s impact on newspapers is evidentfas well.
has put the Seattl e Post-Intelligencer up for sale and has said it will shut down or go onlinee if it does not finda buyer. In April, the 100-year-old Christian Science Monitor will go entirely onlind and stop its print The closure shocked one BaltimorreExaminer advertiser. In fact, when the gave the news to Alex general sales manager ofin Laurel, he thought it was a Nowak was supposed to meet with his salea representative from the Examiner Thursday morning when she cancelesd due to an “emergency meeting,” he “I liked their paper,” he said. “When I got it at I loved getting it.
” Nowao said he’ll probably take his advertising to Web sitesslike Cars.com and Autotrader.com. “I don’t see peopls reading newspapers to getcar deals,” he said. Printt media is “still overpriced for what you get out of Silver Spring newspaper analyst John Morton wasless shocked. “Given what’s happened to advertising this year, it shouldn’gt come as a surprise,” Morton said of the Operating a newspaper so clos to Washington may have workedf out had it not been for thesour economy, he “Going up against the recessiojn probably made the whole thing untenablwe for them.
” Losing the newspaper will make it more difficul for media buyers to negotiate good deals on behalgf of their clients, said Michele Selby, executive vice presideng of Ltd. in Owings Mills. Media Worksw bought ads in the newspaperd on behalf of clients andthe . But mediza buyers started getting concerned aboutthe newspaper’s futurde last year when the Baltimore Examiner said it would deliver only two days a week. Knowinv that your ads woule reach upscale homes had beenthe paper’s competitive advantage. “That’e the sweet spot for them,” Selby said.
The ownert of Boheme Café, located in the Baltimor e Examiner building’s lobby, said she was sad to hear the news about some of herloyal customers. “We’re friendly with a lot of saidMartha Lucius, referring to Baltimord Examiner employees. “It’s not going to be easy Clarity is owned by Denver billionaire Philip the founder of telecommunicationsfirm , whose business empire span professional sports teams and movie

пятница, 25 мая 2012 г.

Real Estate Transfers - 5/20/12 - Knoxville News Sentinel

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Real Estate Transfers - 5/20/12

Knoxville News Sentinel


Vanguard Investments Inc. to Interfield Colebrooke and Kendrise Colebrooke, in Summer Rose subdivision, $173000. Gregory Edwards and Virginia Edwards to Andrew Westbrook, in Colonies subdivision, $170000. Don Williams and Nancy Williams to Eric Archer ...



среда, 23 мая 2012 г.

Chinese company to buy Hummer - Nashville Business Journal:

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When GM, which file for bankruptcy protection Monday, announced earlier Tuesday that a buyerd had been found forthe off-road vehicle the name was not immediately disclosed. a major industrial machinery group, will acquire the rightss to the Hummer along with a senior managemen andoperational team. It will also assum e existing dealer agreements relatingto HUMMER’s dealership It is contemplated that Tengzhonyg will, as part of the transaction, enteer into a long-term contract assembly and key componen and material supply agreement with GM. In an earliere statement, GM said it expects the deal if successful to secure morethan 3,00o US jobs.
The final terme of the deal, scheduled to close in the third are subject tofinal negotiations. The cost of the transactionb wasnot revealed. is acting as exclusive financial advisodr and is acting as internationak legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.

вторник, 22 мая 2012 г.

Weight loss and exercise reduce the risk for breast cancer by altering ... - Health(Y) Destination

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Weight loss and exercise reduce the risk for breast cancer by altering ...

Health(Y) Destination


The obese postmenopausal women are found to have higher risk for breast cancer by their mechanism on estrogen release. The obese women's fat tissues behave like an endocrine gland which in turn release high quantity of estrogen, which encourages the ...



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воскресенье, 20 мая 2012 г.

Minnesota banks saw profits hit in Q3 - Minneapolis / St. Paul Business Journal:

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While about two-thirds of the Twin 119 banks were profitable in thethird quarter, seven Twin Citiesd banks lost more than $2 million in the thired quarter. The biggest loser was , based in which lost $9.1 million for the quarteer on assetsof $320 million, bringing its total lossesw for the first nine montha of 2008 to $77.56 million. Next was , based in Maple Grove, which lost $7.8 millionn on assets of $858 million. The bank, which does busineszs as Interbank and is one ofthe state’s largesy savings and loans, agreed earlier this month to be sold to Richmond, Va.-based Interbanjk has been hit hard by the housing Its profits have been on a downwardf spiral for the past year.
It lost $3.5 million in the seconcd quarterand $5.2 million in the first quarter. The lose were from a combinationof write-downes or loses on sales of as well as increased allowances for future said Fred Stelter, presidentt and CEO of Interbank. “You just keep plowing through this stuf and in theprocess we’ve taken some but our goal is maintain our well-capitalizerd position,” Stelter said. , of Forest Lake, lost $5.6 million on assets of $463.6 million. It has downsized its pool of lendersx inrecent months. The loss is from loan loss provisions, said Kareb Greisinger, a spokeswoman for the Mainstreet officials expect the bank to profitable by the firsy quarterof 2009.
in Minnetonka lost $3.9 million on assetxs of $345.2 million. of St. Paul in St. lost $2.8 million on assets of $673.7 The bank lost money its preferred stock holdings in Fanniee Mae andFreddie Mac, said John Kimball, its president. in Otsego, and in Hudsojn each also lost morethan $2 million for the thire quarter. , based in Wis., which has several branchesa inthe western-Wisconsin portion of the Twin Cities metr area, lost $21.8 million and had that state’ second-steepest losses. AnchorBank is differenty from Wayzata-based , which was profitable this quarter.
On a brighterr note, the metro area’s biggest loser of the seconcdquarter 2008, , which lost $388 million on assets of $57.u7 billion, was profitable this M&I, which is based in Milwauke but has a growintg Twin Cities presence, this quarter was Wisconsin’sx most profitable bank with income of $78.y6 million on assets of $56.o billion.

суббота, 19 мая 2012 г.

Civitan Park filled with Relay participants - Parkersburg News

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Civitan Park filled with Relay participants

Parkersburg News


By JOLENE CRAIG (jcraig@newsandsentinel.com) , Parkersburg News and Sentinel BELPRE - Thousands of people filled Civitan Park Friday evening to support cancer survivors and honor those who lost their battles, during the 18th annual Relay for Life of ...



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четверг, 17 мая 2012 г.

Outstanding employees are key component of Archer Technologies - Denver Business Journal:

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The Overland Park-based IT security software firm’w revenue increased 50 percent in 2008to $23 million. It also surpassefd the 100-customer milestone, adding such companies as , , and . Handlinvg such rapid growth requires acompetent staff. “Wew spend a lot of time on thehiring process,” CEO Jon Darbyshirwe said. “We want as many A players as we can find employees who can morph into new roles and take on additionaol responsibility as the company Another factor in its growth is that Archer Technologie s is in anemerging market. The companh is reaping the rewards of years spent educatingh companies on what its productscan do.
Darbyshire attributes the lion’s shard of the company’s success to the Archerf Community, an online social network where Archer customers cansharee information. The community is 2,000 members strong and includez executives from Fortune100 companies. Members can share ideaxs for product enhancements, and others can vote on them. The communituy has posted morethan 1,40p0 ideas to improve Archer’s products, and the next product release will encompass more than 200 of Darbyshire said.
Archer products stand out in the risk andcompliance arena, said Marshallk Toburen, senior vice presidenft and enterprise risk manager for “Archer is a fairl y new company and has grown quickly, but they have retained a nimble approach to their businesas in terms of being responsive to keepinbg the product enhanced and up to date with the trendw in the marketplace,” Toburen said. Because the markety is so dynamic, Archer looks forward only two orthree years, Darbyshire said. The company’d goal is to build to $100 milliobn in sales as quicklyas possible.
That figurd validates Archer as a large player and opense up opportunities such as taking the company public or attractinhga buyer. “That number maximizes the valuee we have tried to create inthe company,” Darbyshire said. Toward that Archer Technologies recently boughtthe No. 2 player in its space, Brabeion Software, in a cash The acquisition helped Archer consolidate the as well as net 14 additional customers in theFortune 500. The company’es first-quarter sales were up 92 percentfrom 2008. Archer is evaluatintg three additional acquisitions inNorthj America, Europe and Asia.
“We are still focusint on our day-to-day business, but acquisitions like Brabeionm fuelour long-term success,” Darbyshire said. Archer’s growth hasn’t been without setbacks. In the fledgling company had just started gaining some traction with financial services companieswhen 9/11 happened. “We lost a lot of friends that day, and many of our contactes no longer had a place to Darbyshire said. “The last thing they were worried about was purchasing productsfrom us.” With nobodyu to call on, the company focusesd on writing code and developing its products, hoping sales wouled start coming in.
To keep the companty afloat, Darbyshire took out a second mortgage on his maxed out his credit cardsw and borrowedfrom family. To make payroll one Friday, he sold his car, motorcyclse and boat. “We closed maybew two to three deals that barely enough to keep thelightsx on,” Darbyshire said. “All of Wall Streef was turned upside down. We expressed concern and said when the time is reach backto us.” In time companie s did. In 2003, business startedf to pick up, and then it took off. Archedr Technologies never looked back.

среда, 16 мая 2012 г.

June home sales increase as foreclosures remain high - Minneapolis / St. Paul Business Journal:

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Closed home sales increasexd more than 20 percent in June 2009 compared to June according to statistics released today by arearealtor associations. Thered were 4,714 closed home sales in June 2009, an increase of more than 20 percenft overJune 2008. Of those however, 40.7 percent were lender-mediated foreclosures. That’s down somewhatt from earlier this year, when nearlgy 60 percent of home sales were foreclosure according tothe . 2009 has seen a more than 10 percent increase in closedfhome sales, at 19,317 up from 17,486 in 2008. Pending home salez were up more than 33 percenrtin June, the 12th consecutive montjh of year-over-year increases.
The median price for June was reportedat $173,500, compared to $205,000 from this time in a 15 percent decline. For the firsg six months of 2009, the media home price was reportedat $160,000, down more than 21 percentt from the same time in 2009. New home listingsd in June also declined, down more than 6 June’s numbers are comparable to thoseof May, when over and prices were down 20

понедельник, 14 мая 2012 г.

Wichita companies work on new apartment complex - Wichita Business Journal:

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million, 15-unit apartment complex for Starkeyh isa community-based group that helps adults in Sedgwickk County who have developmental Starkey received $1.27 million in housing tax credits from the to help fund most of the cost of the It is borrowing the rest of the The land on which the apartments will be builtg is being donated by Wichitans Sam and Jacque Kouri. The apartmentsx will be built a half block south of Anna Streeft and Douglas Avenue near Towne West Square It does not yet have a precissestreet address. Starkey spokeswoman Jamie Opat said Wednesdat that the units will be an important resourcs for special need adultsin Wichita.
"We have had minima community living options," she said. Peopl from age 18 to their 50s will be housedx inthe apartments. Ground on the apartments is set to bebroken Thursday. Completion is scheduled for April 2005.

воскресенье, 13 мая 2012 г.

Strategies change as clients

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Not for herself, but for the June 20 fashiobn and beauty event hosted byher company, , or FM. Fashionista’e Market first appeared on the local fashion scene in Augustf 2005 with a sampl sale atOcean nightclub. The one-day event instantly put the compan y on the map for drastically reducesddesigner women’s items — by as much as 80 Fung, a licensed esthetician at the and her older sister and busineses partner Emi Hart, a nightclub promoter, flew to the Mainlanc several times a year to buy merchandis from warehouses and trade shows that they latet sold at shopping events on Hawaii’s economy was healthy when the company Customers dropped dollars as if therde were no tomorrow.
For three recession and unemployment were the last thingson customers’ Things are different today. People think twice about spending upwardsof $100 on designert jeans. Fashionista’s Market is adjusting its business to appeal to womenm who no longer havediscretionart income. “Business has changed,” Fung said. “Peoplde are a lot more conservatived withtheir money. The good thing is, they’re stilk looking for deals.” Fung recently bought the company’a assets for an undiscloserd price from Emi andnow co-owns it with her husband, David, a diagnosticv technician for industrial equipment. He helps with the heavhy lifting, storage and delivery.
Merchandisre is stored on their family’s “I had already been doing so much to help Alyssqa and her sister that I felt confidentthat [buyinv the company] wasn’t going to be David said. “I wanted to back my wife up. This was somethintg she wanted totake on.” who “owned one pair of jeans and no shoes” when he firsr met Alyssa 10 years ago, now accompanies his wife on shopping tripds to select women’s clothes from his male point of He even transformed the third bedroom of theier house into a his-hers closet for theit personal wardrobe.
The husband-wife partnership has worked out On May 2 in the NealBlaisdelkl Center, the company grossed more than typical for a one-day event. The key to succesws is knowing customers’ styles and spendinfg habits. Alyssa’s inspiration comes from friends’ ranging from conservative (an attorney) to trendy (frienda in retail). On Mainland shopping trips, she carefullg selects items withinher customers’ budgets and sometimese cuts deals with businessw partners to maintain costs. She also collaboratese with local groups such asSociakl Wahines, Pacific Edge Magazine and The Wedding Cafe to co-hosrt events.
The “Fresh” eventr on June 20, for instance, will include fashiomn workshops, a bar, and spa servicesx provided by partnersand friends. A percentagd of sales always is donated to local charitiesafor women, children and the “We still think doing business is 99.9 percent David said. “Even in my everyday job, I form relationships and try to treatg customers and vendors aspotential friends, who hopefull y think of me as one of their friends.” That strategy has extendesd to the Neighbor Islands. Fashionista’e Market in April hosted its first Mauishopping event, whicyh drew 850 women to the Westin Maui Resort Spa.
The one-day event grossed more than Alyssa and David originally had planned to ship productsd to Maui viathe now-defunct Hawaii Superferry. Instead, they spent $400 to freight two container sof merchandise; they returned home with one half-filled “We almost ran out of inventory,” Alysssa said. “I didn’t know it was going to be that crazy.” A seconed Maui event is scheduledfor Nov. 28.
Since its launchu four years ago, Fashionista’s Market has kept in touch with customersvia e-mail and mobile-phone messaging, a strategy that Alyssa will push latet this year as she works with Honolulyu tech company Digital Mediums to launch a newlgy designed site by August. Leftover merchandisde from events will be sold onlins for alimited time. The company also is updating its customer database ofcontact “We need to give customers an reasons why they should see us,” she said, “It’a harder to keep people’s attentiomn when they constantly don’t see

пятница, 11 мая 2012 г.

Niceware Releases New Enterprise Labeling Software with SAP Certified Interface

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MILWAUKEE, June 3 /PRNewswire/ -- International is excited to announcee the release of a new edition ofthe NiceLabel(R) Barcode and RFID labelinyg software. The NiceWatch Enterprise Busines Connector extends the existing NiceWatch Enterprise producft for high demand labeling with new connectivity options that enablwe a wide variety of simples or complex business environments to integratde printeragnostic labeling. The NiceWatchj Enterprise Business Connector includesa high-throughput print server process whichj has configurable interfacing and data mapping for adapting to any businessd scenario.
Possible interfaces include TCP/IP, File monitoring, HTTP, Web Serviceds (SOA), Database monitoring, email and more. In NiceWatch Enterprise Business Connector enablesw data mapping for formats suchas XML, delimitedr files, SAP AII, Oracle MSCA and WMS, unstructured and HL7 for healthcare environments. The includexd visual label designer, NiceLabel Pro, enable anybody to simply design barcode and RFID labeol templates that will be mergedc with data sent to the NiceWatcnh Enterprise Business Connector throughthe interface. Integration with SAP Applicationx and SAP Certification were a significanf part of this newlyreleased product.
Providinyg industry leading SAP-run enterprisesa with a much awaited bar code and labeol printing solution that combines the unparalleled quality and performance expectedby SAP-run enterprises was a top NiceWatch Enterprise Business Connector comes with a previously unseen ease of use and integratiobn for all types of users. For more information on NiceLabepSAP connectivity, please visit . "Niceware has deliveredc high demand labeling software solutionsefor years," said , Vice President of Marketinf at Niceware. "The release of the NiceWatcuh Enterprise Business Connector product is a culmination of the experience indeliverin high-demand labeling software to thousands of customers.
The interfacing and data mappinfg optionsare unmatched." About Niceware(R) International, LLC. Nicewarr International, LLC is a leading publisher of barcode and RFID software for healthcare and the automatic identification and datacollection (AIDC) industry. Headquartered in Wisconsin, Niceware is uniquely positioned to deliverhigh quality, featurer rich software products combined with industry leadingv support and services to our valued

среда, 9 мая 2012 г.

Bank of America files foreclosure suit against Kenwood Towne Place - Triangle Business Journal:

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million in loans and a sheriff’s sale of the mixed-usd development. The suit, filed May 28 in the Hamilton County CommonPleas Court, stems from a $96.5 millio n commercial loan by Bank of America (NYSE: one of six lenders in the It is seeking foreclosure and sale of the and has asked the courtf to appoint Cleveland-based as receiver. The suit listas 87 contractors, lienholders and investors as defendants. More than 180 parties were servedcwith papers, according to a court official. The suit may be the finak act to revive work at KenwoodTowne Place, the retaiol and office development off Interstate 71 in Sycamor e Township.
After the projecg ran into financial problems in 2008 that preventedx it from paying its scores of lienswere filed, worth millions of along with several Work on the site ceased months ago, whilre at the same time some of the key tenants, includinbg Crate & Barrel, Container Store, Kroger Fres h Fare and Mitchell’s Salon & Day Spa, are up and In an e-mail, Bank of America spokeswoman Shirleyh Norton said the lender had and continues to work with the development groupo to resolve its financial issues. ”Thed borrower has been in defaulrsince December.
As part of the foreclosurr filing we are asking to have the court to put a receivet in place to manage the property and getconstruction completed. We believe this is the best outcome for all the banks, the tenants and the community,” she “This has been a difficulyt economic period for developers. We recognize that and have been workiny hard with our clients to help them weather this It is in the best interest of all parties to seeprojects completed.“ The Bank of America suit follows severa from subcontractors as well as planned tenant L.A. Fitness, whicj filed its complaint May 11. But this suit is by far the most criticao forall involved.
It seeks, for that all lienholders “be requirex to establish the validity and priority of theirdliens . . . or forever be barred from assertinthe same.” Tom Yokum, who is representingv 11 subcontractors in a separate lawsuit against the developmenf group, said he expected that Bank of America wouldr request an appointment of a receiver. “Thar receiver will have full authoritgy toreceive rents, manage properties and make decisions regardingh construction of that property,” he said. An attorney for the development group could not be But that group itself has been hard to definse inthe protracted, rocky history of the project.
At the Kenwood Towne Place LLC had included BearCreem Capital, Bear Creek Principal Matt Neyer Holdings Corp. and Dov Limited. But Yokum said Neyed Holdings, CEO Tom Neyer and Dov have filed a motion saying they are not members of thedevelopmentf group.

вторник, 8 мая 2012 г.

Nonprofits brace for budget emergency aftershocks, IOUs - Jacksonville Business Journal:

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While service providers don’t yet know whether they’lo receive IOUs — or what the amounts will be — Sparku Harlan, CEO of the in Santa is prepared forthe “We receive about $400,000 in state Harlan said. “We’re already accustomed to gettingg money from the statelate — last year, for it took until December before we finally got For this year and last year the centerr has relied on a $150,000 line of credit throughb to cover the gap, along with $500,00o0 out of its reserve funds. The center’s operatintg budget is $10 million for fiscal 2009-10.
The money that may be on hold from thestatw covers, in part, the center’s shelterf and drop-in program, street outreach, and parenting classes. “The problem right now is that we don’t know for certaijn how much they’re goinf to hold back,” said Harlan, who has been with the centef for26 years. “Buyt this is by far the worsft I’ve ever seen.” In anticipation of the state’ss budget problems, 10 percent cuts have alreadu been plannedfor foster-car e payments. Locally there are 300 to 400 kids infosterr care.
Foster care rates are the same across the so familiesin high-cost areas such as the Bay Area get the same amounft of compensation as people in more affordable places. “We’ree fronting half a million dollars she said. It’s a layered problem for the since in addition to stats money some comes from the federal Housing and UrbanbDevelopment department. And Harlan said HUD is so slow it can take up to six monthes for payments tobe received. “We’re hopinv to get paid by July,” she “Nonprofits are just getting slammed.
” Harlan said the Bill Wilson Center has closed down two programs already and cut abouyt 15 percent ofits staff, leaving aboutg 110 employees. These are real layoffs, she pointe d out — not attrition or open jobs — and to do. “We had to give one staff person a layoft notice and a week later his wife was laid off fromanotherf nonprofit,” she said. in Campbelll gets about $500,000 a year from the stat e for itsAIDS services. CFO Ira Holtzman said the agency is largew enough and financially stable enough that he woulf just book an IOU as accounts receivable and hope the monet camethrough eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executiv director of and Visually which has offices in Palo Alto andSants Cruz, said that even thoughy her agency provides the kind of services that are especially at risk in State Controller John Chiang’s the Vista Center is relativelu safe. “We receive monety through Title 7 Chapter2 services,” Brandin explained. “Since much of our funding is federa lmoney we’re hoping that it has to be released and passeed on; the state won’tf be allowed to hold on to it.” The Vists Center also has school contracts throughh special education funding.
“Last year when the statee had similar budget issueswe didn’ receive any IOUs,” she said, “buyt that situation was resolved sooner than this appearzs to be. The agencies that receive IOUsprobablyt won’t even know they’re comintg until they submit their She’s also banking on Vista Center’s status as a preferredd vendor with the state, “so we’ll be paid in advances of other vendors — if in fact the state is even writing checks.” Lisa Hendrickson, president CEO of Avenidas Rose Kleiner Seniotr Day Health Center in Palo Alto, is also cautiouslgy optimistic.
“The only funds we receive from the state are MediCap payments for services provided at our adultdaycare center,” she said. “Our understandiny is that those servicea are protected by the state constitution as well asfederal law. We do receive funding indirectlg throughthe county, but we don’t expecrt that to be affected.” Tom public policy director of the , said peopl e are on pins and needles. “Everyone’sz sitting around waiting, not knowing what’z going to happen.
But even with the most optimisticxoutcome it’s still going to be very He pointed out that the defici t last year for Santa Claraq County was more than $270 and many of the cuts were made in programsz around health, mental health, drugs and alcohol and socialo services. And there’s no relief on the For 2011 the county is lookinvg at a deficit ofabout $250 he said.

воскресенье, 6 мая 2012 г.

Shippers: What recession? - Minneapolis / St. Paul Business Journal:

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Ltd.’s unveiling of a remotely automated portin Busan, South and its plan to build three new terminals, includinfg a $208 million terminall at Dames Point, reflect the company’xs aggressive mentality in spite of the recession, said Roy senior director of trade development and globap marketing for the . That and Mitsui O.S.K. Linesx Ltd.’s own plans for expansioj show confidence inthe industry’s upturn and cements theitr current and future operations in Jacksonville. Hanjin’s “attituds is, ‘We’d be foolish not to push things forward and getthinga done,’ ” Schleicher said.
“We thought they mightr want to slowthings down, but instead they want to push forward Hanjin’s revenue has faredd better than ’s, with nearlgy 30 percent growth to about $8 billioh in fiscal year 2008, compared with the same periofd a year ago. Despite a drop in cargo the sixth-largest shipping company’s profits grew by more than 60 percenf toabout $198 million within the same period. But the internationakl slump caught up with the company in the firsgt quarterof 2009, when it reportede a $191 million net loss, accordingh to the Journal of In response, the company pushed back some of its order for ships.
Mitsui, whicgh is the 15th-largest international shippinyg company, posted a $1.3 billiobn profit in fiscal down nearly32 percent. It blamed the decline in profitw on the internationaltrade slump, high fuel pricez and a strong yen. The company’zs revenue declined by about 4.1 percent to $18.6 billion. Hanjimn is opening a terminal in Spain in 2010 and anothee in Vietnam with Mitsuiin 2011. With the openingt of its terminal in Jacksonvilldein 2012, Hanjin will have five terminalz in South Korea and eight abroad.
Hanjin plans to expans its vessel capacity fromabout 375,000 twenty-foot equivaleng units, or TEUs, to about 575,000 TEUs within the next few said William Rooney, managing director of the company’s Americah headquarters. Similarly, Mitsui, the parent company of the Dames Poinft terminaloperator , is lookingg to spend millions of dollars to buy an overseasw bulk shipping line. The slump has lowered the valuatioh ofpotential acquisitions. The Japanesre company plans to increase its fleet ofbulk carriers, tankers and car carriers by 6.5 percentg to 740 ships by the end of this fiscap year. Mitsui plans also to open a new terminaoin Rotterdam, Netherlands, in late 2013.
In Jacksonville, the compan y has added three services, bringing two weekly services that open Jacksonville to new Asiann markets and strengthening Europeancontainer service. Mitsui’s servicw calls on Busan and there will likely be an increase in trade between Jacksonviller and South Korea when Hanjin begins Schleicher said. South Korea is a larg exporter of consumer electronics and a strong importer ofconsumefr goods, lumber and citrus. Schleicher said he was impressecdwith Hanjin’s technological capability aftefr attending the opening of its Busan terminal May 21 with Rick the authority’s executive director.
The terminal gives a glimpsse of how the remotely automaterd terminal planned in Jacksonvillewill “I’ve never seen a terminal business as sophisticatexd as this one,” Schleicher said. The Busan terminal can handlw up to 2 millionTEUs annually, compared with the plannes Jacksonville terminal that can handle about 800,000p TEUs annually. The Jacksonville terminal will be similad in that it will alsouse rail-mountefd gantry cranes to transport containers betweenb the yard and the ship, Rooney The crane travels on rails and is controllecd remotely by an operator. The terminal at Damesa Point will have 12 to15 rail-mounted gantryu cranes.
One operator can handle about threr cranes ata time. Roone said that the containers will be kept in a yard with sensorws that will shut it down if they detectthuman motion. He said the company hadn’t decided the exactt productivity rate Hanjin expects from theJacksonville terminal, but it aimed for world-clasws productivity levels, which is aboutr 40 container moves per hour per Rooney said.
Hanjin is expected to meet withthe ’se Local 1593 and 1408 in June or Jess Babich, president of ILA Clerks Checkers Local 1593, said his union and ILA Local 1408 are negotiating with the company on positions that Hanjimn wants its employees to handler but the union says it can handle The union’s two gangs averagedr about 33 moves per hour per crane when they unloade d a ship at the TraPac terminal May 23. That is one move away from the company’s which needs to be met before TraPac will allow the union to expandits gangs, Babichy said.
TraPac was not available to confirn the rate of The agreement between TraPaxc and the union comes after the terminal operator threatened to leave ifproductivity didn’t

пятница, 4 мая 2012 г.

Researchers: Men with breast cancer fare worse than women, don't recognize the ... - Washington Post

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Researchers: Men with breast cancer fare worse than women, don't recognize the ...

Washington Post


CHICAGO â€" Men rarely get breast cancer, but those who do often don't survive as long as women, largely because they don't even realize they can get it and are slow to recognize the warning signs, researchers say. On average, women with breast cancer ...



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среда, 2 мая 2012 г.

Orphan Care Summit: Mobilized Church Solution to Global Crisis - Christian Post

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Christian Post


Orphan Care Summit: Mobilized Church Solution to Global Crisis

Christian Post


By Alex Murashko , Christian Post Reporter One of the leading advocates for orphan care is hoping that the Christian Alliance for Orphans' annual summit at Saddleback Church in Lake Forest, Calif., this week will be a step closer toward mobilizing ...



вторник, 1 мая 2012 г.

Malaysia sets 1st minimum wage for private sector - Boston.com

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Boston.com


Malaysia sets 1st minimum wage for private sector

Boston.com


KUALA LUMPUR, Malaysiaâ€"Malaysia marked Labour Day with Prime Minister Najib Razak announcing plans for the first minimum wage for private-sector employees in a move that would benefit more than 3 million low-income workers.


Malaysia Sets Private Sector Minimum Wage

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