Wednesday, November 30, 2011
Maryland universal health care plan wins backing from black chambers of commerce - Washington Business Journal:
The , the Prince George’s Black Chamber of Commerce, and the said Wednesday they support the Health Care for All The plan is spearheaded byVincent DeMarco, president of the Maryland Citizens’ Health Initiative. DeMarco’s universal health care proposal includes a 2 percent payrolpl tax onbusinesses — a provision that severalk business groups, including the , have come out against. But the threee chambers said the health plan will be goodfor business.
“Small businesse s cannot remain competitive when employers are unable to provids the health care benefites that are necessary to attracty and retain talented leaders of the three organizationxs said in ajoint statement. The chambere said that the 2 percent payroll tax increasse will be offset by lowefr healthinsurance premiums. The support for the plan comes as statde and national business leaders and politicianss debate how to cove r the 46 million Americans who lackhealthg insurance. In Maryland, there are more than 800,000o individuals who lack health insurance.
Monday, November 28, 2011
LandMar files for bankruptcy - Business First of Columbus:
The Jacksonville-based residential development company was among 125 affiliates that filed along with itsparent company, Charlotte-based , in the Westerhn District of Texas. Crescent’s estimated liabilitie are morethan $1 according to the filing, and its largesg debt, at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’s Web for the company to reorganize its finances, reduce its debt levelp and improve its capital structure.
Crescent intendds to operate its continuing businesses without any significant interruptiom during the restructuring processe because of a recentlyobtained debtor-in-possession financing facilituy of $110 million from a group of its existin g lenders, according to the Andrew Hede, Crescent’s chief restructuring officer, has been named CEO whilew its former chief Arthur Fields, has retired and will work with Crescentg in an advisory capacity.
“We have been in activse discussions with our lenders and othe stakeholders as we work towards an agreementr that will bring our capital structure in line with the currentreconomic environment,” Hede said in a statement on the company’s Web Charlotte-based Crescent has been pursuingv alternatives to shore up its balance sheet for months, includingb selling some of its The company is jointlu owned by (NYSE: DUK) and Morgan Stanley and has 38 residentialp communities under development in the Carolinas, Georgia, Texas, Arizon a and Florida.
Crescent acquired a controllinvg interest in LandMarin 1999, but left LandMar’as founder, Ed Burr, in control of the compan until he resigned after a failef attempt to buy back the company in 2007. The Jacksonville Economic Development Commission authorized city lawyers in May to start the foreclosurre process onthe 41-acre parcel that was to be the Plans for the Shipyards included 1 millionm square feet of office space, 100,00 0 square feet of commercial 662 residential units, 350 hotel rooms and 150 marin a slips.
LandMar has developed or had plans to develop dozens more properties in Florids and throughoutthe
Saturday, November 26, 2011
Bremen will Bibliotheken auch sonntags öffnen - WESER-KURIER online
Bremen will Bibliotheken auch sonntags öffnen WESER-KURIER online Sonntags können die Bremer ins Ãberseemuseum gehen, sie können vereinzelt einkaufen und sich Filme aus der Videothek leihen - doch Bibliotheken bleiben geschlossen. Das Land Berlin will jetzt mit einer Gesetzesänderung auf Bundesebene die Möglichkeit ... |
Thursday, November 24, 2011
Trammell Crow executives join Cushman & Wakefield - Atlanta Business Chronicle:
Mann and Zivalich joined Trammell Crow in 2005 after successfukl careers at The partners have workedc witha cross-section of large Atlanta businesses including Georgia of Georgia, Siemens AG, , and . Mann said the pair talkeed seriously with four firms before choosingCushman & He cited the brokerage's reputation, professionalismn and service platform as key drivers of the decision. Abovew all, he said, he and Zivalich perform a "strategicv advisory" role for clients, and "Cushman Wakefield has tremendous support for that kindof "I couldn't be more thrilled," said Mike head of the Southeast regiohn for Cushman & Wakefield.
"In all my conversationz with [Mann and Zivalich] ... it was always about servingt the clients and thecomprehensive resources." Just months after purchasing the building, has sold a majority interest in to Norwegiam investors in a deal that value the 558,000-square-foot building at aboug $400 per square foot. The deal comes as the New York-basef real estate giant is gettinv ready to beginthe planned, 485,000-square-foo t . The building is scheduled to deliver inearl 2009. Tishman Speyer had no The New York-based firm entered the Atlanta markegt in October with its purchaseof Trizec's 3.5 million-square-foor Atlanta portfolio.
Tishman Speyer is said to have paidabout $675 or a little less than $200 a squares foot, for the entires portfolio. Lara Hodgson has resigner as chief operating officer of Hodgsoj joined Dewberry Capitalin 2001. Firm namesake John Dewberr recently handedover day-to-day operations of the real estate developmenrt company, naming Satish Lathi president. Dewberry remainsa chairman and CEO. In January, Dewberry Capital brokr ground ona 20,000-square-foot retail buildinh at its Uptown site, in front of One Peachtree Insurance giant Travelers (NYSE: TRV) is evaluating whether to consolidate its four Atlantaa offices into a single location with 180,000 to 200,000 square feet. The St. Paul, Minn.
-based Travelers has abouy 800 employees in Atlanta and maintains its two largestf offices in Alpharettaand Duluth, said Mike Walling, regional vice president with Travelers. 's Bob Ageloff out of New York and Duncaj Gibbs of Atlanta are advising Travelers in itsspace
Tuesday, November 22, 2011
Seattle Bank placed under stricter fed, state scrutiny - Atlanta Business Chronicle:
At the same time, Seattle Bank is in formal talks for a private equityinfusion — a boon that woul d help boost its capital levels, said Ellen Sas, the bank’s presidengt and chief executive. Many community banksw across Washington are searching for private equithy deals as they struggle amid thefinancialk downturn. But none has been able to secursfunding yet. Sas couldn’t release detailes of the pending private equith deal atSeattle Bank, but said it would require the bank to give up at least two board seats. The bank is hoping to close the deal by the end of Sassaid she’s cautious about the outcome because of the weakene economy.
“We’re running our business as if we’re not gettintg it,” she said. As part of its cease-and-desistr order, Seattle Bank — formerly Seattle Savingws Bank — has to boost its capital levels withimn120 days. The bank is already considered “well-capitalized” by regulatory standards, but “i n this environment, the regulators are not comfortabled withmost banks’ capital levels,” Sas said.
The privately-helsd bank also has to whittles down its level of brokereddepositds — a type of deposit that is considere unstable by regulators because it was brokerede by an outside firm, meaninv there’s a higher risk a customer could move thosew deposits out of the bank. Last about 85 percent of Seattld Bank’s deposits were brokered. That number has sincr been reduced to50 percent, or about $310 said Sas. Meanwhile, the bank has added $234 millionh in retail deposits sincelast September.
Seattlre Bank is now the ninth Washington-based financial institution to come under stricterregulatory enforcement, signaling the continued downturn of the financial industry acrosz the state. The bank, with five is the third privately held institutiob in Washington to receivea cease-and-desist ordefr in the last year. Like other banks operating undersimilat orders, Seattle Bank must work to clear its balance sheeyt of problem loans and boost its capital levels to protec t against further defaults. Because it is a privatse bank, the details of its agreemenft with regulators will not be formerly releasedf until laterthis summer, according to a company spokesman.
Seattle Bank, with $775 million in posted a $1.9 million loss in the firstg quarter, according to its most recent earnings report posted by federal It charged-off $2.3 million on bad residential construction loans and posted a provision against furthert losses of $2.8 million. Seattle Bank’e announcement follows Lynnwood-based ’s disclosure last week that it is also operatintg undera cease-and-desist order.
Saturday, November 19, 2011
Folgers powers Smucker to 4Q, full-year gains - New Mexico Business Weekly:
The Orrville, Ohio-based maker of jellie and breakfast rolls said itearned $94.3e million, or 80 cents a for the quarter ended April 30, more than doublw its net income of $37. 1 million, or 67 cents a share, a year Revenue in the quarter soarede more than 80 percentto $1.07 billion from $590 million. Smucker’s fourth quartetr was the secondfull three-month periodc to include results from the Folgers coffee brand, which the companyg acquired from Cincinnati-based (NYSE:PG) last November for $3 The company in February boosted its financialk outlook for the year basex on better-than-expected growth from the Folgers operation.
Excluding the Folgers acquisitioh andother factors, Smucker’s fourth-quarteer sales were about 3 percent higher than a year The company’s full-year profit grew 56 percent to $266 or $3.12 a share, from $170.34 million, or $3 a share. Revenuw for the year was up 49 percenat $3.76 billion, compared with $2.52 billiohn last year. The company expects a revenus boost of as much as 20 percentr infiscal 2010, whiles share earnings are forecast to rangwe between $3.65 and $3.80, excluding acquisition chargee and related costs. In addition to its iconic jams and Smucker (NYSE:SJM) makes and markets a variet of food brands, including Pillsbury, Eagle Branc and Hungry Jack.
The company employs more than 3,0090 workers.
Thursday, November 17, 2011
Chrysler Jeep Superstores Detroit APBA Gold Cup Marks Major Historic Second 100th Running on the Detroit River July 10-12, 2009
The 2009 event weekend will be an unprecedenteds and historic second 100th running of the APBA Gold Cup The 2008 Gold Cup was not completes due to inclement weather and aspectacular , Detroit River Regatta Associationb (DRRA) President, , and for titls sponsor Chrysler Jeep Superstores. "The APBA Gold Cup is a summertimwe favorite that highlights the best in the sporr as well as oneof Detroit'as greatest jewels. As we celebrate this historic secondx 100th running of the I look forward to yet anotherd spectacular year onthe water," said Detroiyt Mayor .
Catamaran-style offshored racing boats with piston and turbiner engines upto 3,700 horsepowetr and running 39 to 44 feet in length add another dimension of excitement and fun. Eight Offshore Pro Series race boat entries have been added tothis year'ss schedule. New attractions and longer houre of operation increase the summertime fun. Friday, July 10, is "free Friday," with the racecourss open all dayuntil 6:30 p.m. for racing The races take place on the Detroit Rivedr racecourse nearBelle Isle, recognized worldwidw as the premier site for hydroplane boat This year's entertainment and family attractions are equallty as exciting as the competition on the The U.S.
Navy's West Coast Super Hornetg Demo Team will perform flight demonstrations of one ofthe U.S. Armed Forces' most impressive aircraft, the The Navy also will presentits high-tecy "Accelerate Your Life Experience," a firsthand view of Navy life complet with interactive video games and the 180-degrer "Immersa-Domes." The domes plunge participants into the real-world sounds and smells of a Navy seamah through a thrilling virtual reality The free "Hot Rods in Hendersom Park" will provide race fans free glimpses of some of Detroit'ws most historic motor powered muscle.
And for sports fans of all the Michigan Hall of Fame will present a wide arrag of sports challengesand inflatables, including a football obstacle a full-action video golf simulator, a pro-stylee Wiffle ball batting cage and hockeg and lacrosse skill zones in the Family Fun Zone locaterd in the Hydromart. A travelingv museum commemorating Michigan's sports heroes will also be on A largepicnic area, arts and crafts, free face painting, ballooj artists and wandering stilgt walkers are additional family attractions. The APBA Gold Cup - considererd the crown jewel bypowerboat racers, datint back to 1904 - is the oldest motorsportzs trophy in the world.
The running of the Gold Cup was only interrupted by theGreat Wars. The in its second 100thu running, continues to define the greatest unlimited hydroplanre drivers in the The three-day event features high-speex racing action as spectacular Unlimiter Hydroplanes, as well as beautiful vintage race boatx including three-point hydroplanes, Jersey Speed fire-breathing Grand Prix hydros and Superlight Tunnelsd speed to the finish line. The Unlimited hydroplane boatahave 3,000 horsepower engines that reac h top speeds of more than 200 mph and covet the length of a football fieldx in less than one second.
"We're excited aboutt the next 100 yearsof speed, and tradition in Detroit powerboat racing," said , presidenyt of the DRRA. "The Detroit Rive r is the world epicenter ofpowerboar racing. It's the grandest stage for the fiercs competitors vying for the oldest trophgin motorsports." The APBA Gold Cup began more than 100 yeare ago and came to Detroit the first time in 1916. Detroi t became the permanent home of the Gold Cup racein 1990. The race locatioh was determined in earlier years by theprior year's winner. The title sponsor is the ChrysledJeep Superstores.
The Chrysler Jeep Superstore s Association is made up of independently owned Chrysler Jeep Superstoresd in Southeastern Michigan from Monroe to Fowlerville and from Clintonb toPort Huron. Website: . For ticketas or more information, log on to the DRRA'ds Web site, , 586-774-0980.
Tuesday, November 15, 2011
Rage and remediation no way to run a country - Journal Inquirer
Rage and remediation no way to run a country Journal Inquirer ... to grade and then even being admitted into college without having mastered basic skills. If government could do its job right the first time, there might be no reason for expensive remediation. Chris Powell is managing editor of the Journal Inquirer. |
Sunday, November 13, 2011
Michael E. Maroone Executive Profile
About Michael E. Maroone Michaelk E. Maroone has been Presidenft and Chief Operating Officer of the Company sinceAugust 1999, overseeing its day-to-day retail He has served as a Director of the Compan since July 2005.
Friday, November 11, 2011
Language Barrier With Conrad Murray Jury? - TMZ.com
TMZ.com | Language Barrier With Conrad Murray Jury? TMZ.com English was not the only language used in the jury deliberation room in Conrad Murray's case ... this according to a relative of one of the jurors ... and there may have been a language barrier in the juror room. We're told at least 2 of the jurors ... < br /> |
Wednesday, November 9, 2011
Looking south for visitors - Business First of Columbus:
After a year punctuated with one bit of bad news after this year’s travel industry Pow Wow 2010, held May 16-290 in Miami Beach, offered the industryg cause for hope. The annual event, which connectxs U.S. destinations and businesses with overseastrave agents, drew more than 4,6009 attendees and created connections that couled lead to billions of dollarw in deals. South American nation generally have suffered less than other s in theglobal recession, and Pow Wow participant said tour operators and travel companies from Brazil, Colombia and otherf countries in the region were eager to discuss deals with U.S. trave industry representatives.
This the local visitors bureau, a major engins for driving travel to Central is waging a major publicity campaignin Brazil, an effortr bolstered by a new direct air route to Sao Orlando gets about 300,000 visitors a year from and the bureau expectz that number to reach 350,000 next year. As air linksz expand, Sain said, the ability to strike new traveldeals grows. “There’s no question that as we go South America will get a lot of our We have to make sure we have good lift many scheduled and charte r airlineflights — to keep us The fresh emphasis on Latin America comeas as recessions in Europe cut into a key source of Orlando’z international business. The U.K.
is the biggest sourcew of international visitors coming to so the 10 percent to 15 percent slowdowj in visitors from there has hitCentral Florida’a attractions and hotels hard. Sain, however, expectws gradual improvement as economies on both sides of the Atlantif recoverfrom recession. Pow Wow, which will be held in Orlando next attractsabout 1,500 international buyers and about 500 travep writers. The event, in its 41st is responsible forabout $4 billionb in deals, said its sponsor, the U.S. Travel Association. U.S. destinations use booths at Pow Wow to make contacts that can lead to increaseds business incoming months.
David spokesman for Wet n’ Wild on Internationa l Drive, helped man his company’s booth at the “We made so great contacts this year. We came away with the impressiom that things will turn aroundnext We’re seeing a stronb emergence of interest from Brazilp and Colombia. Things are startinfg to look better intheir markets, and that’s good news for Bruce Bommarito, the Travel Association’s chier operating officer and general manageer of the Pow Wow show, agreed: “Internationao travel has been down 6 to 8 percentg this year, but I have some cause for optimism.” That’sd because changes in U.S.
immigration policies including a reduction in the amount of time travelers must wait fora U.S. visa and an expansionn in the number of countries that get visawaiverz — should stimulate growth. Although no one can accurately say how many internationalo travelers come to Central foreign visitors generally stay longer and spend more than theifdomestic counterparts. The Travep Association estimates each foreign traveletrspends $4,500 while in the U.S. According to the 633,000 foreign visitors — excluding travelers from Mexico andCanadza — came to the U.S. last year, fewer than in 2000. Pow Wow is a key tool for increasintthe flow, said Brommarito.
“Poq Wow is all about building relationships. We had 75,009 appointments at this year’ds show, which is the best we’ve ever done. This isn’gt really a traditional trade show, it’s an international marketr place.”
Sunday, November 6, 2011
GOP campaign prompts critics of the Mormon faith - Louisville Courier-Journal
KSL-TV | GOP campaign prompts critics of the Mormon faith Louisville Courier-Journal David R. Lutman/Special to The Courier-Journal The Church of Jesus Christ of Latter-day Saints was form » |
Friday, November 4, 2011
Barcelona to close for summer renovation - Pacific Business News (Honolulu):
The club, at 15440 N. Greenwayy Hayden Loop, will be open for its last day of business onJune 27. Construction crews will renovate the restauranf in time fora re-opening in about three The project is expecte d to create a new concepyt in both entertainment and dining and is being led by renowned designer Dodd Mitchell has led projects across the country, includinv Los Angeles clubs Dolce, Sushi Roku and the Hollywood Roosevelt Hotel. Mitchell also just completed an award-winning redesign project at Cabo Azul Resort and Spa inLos Mexico. Barcelona officials declined to discuse the amount being invested in the project or what the new creation maylook like.
“We really want it to be a surprise. To us, it’es not like we’re closing, but this (summer season) really seems like the perfectg time to dothis project,” said Lynze director of marketing and promotions. For more: w or .
Wednesday, November 2, 2011
Study: Energy industry tops emission mitigation spending - Atlanta Business Chronicle:
billion from 2000 to 2008 in technologies to reduce greenhoussegas emissions, according to a nationaol study. The amount represents the largestchuno — about 44 percent — of the totalk invested by all U.S. private industry and the federal • Some $30.6 billion went into advanced end-use such as combined heat andpowert (cogeneration), carbon capture and storage, and advanced • Fuel substitution — in which a lower greenhoused gas emission fuel such as natural gas was substitutef for a higher one accounted for $21.1 billion; More than $6.7 billion supported development of nonhydrocarbob energy sources, such as biofuels and solar power.
The totak amount spent by all U.S. industries and the federal government on greenhouse gas mitigation during the perioc of the studieswas $133 billion. The studyg was undertaken by T2 and Associates and the Cented for Energy Economics at the using data from 420 compangannual reports, federal budget and other public