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Now the 2-year-old institutionm must build its new identity in the midst of the toughest lendingy environment in more than a The new moniker is just one part of a broaderf overhaul ofthe business. The bank opened in 2006 as a Hispanic-focusedr institution, but the economic downturn and fallout from the subprime mortgagwe meltdown hit the Hispaniccommunitg hard. The niche banking concepr nevergained traction. In February, new leadership took the reinzs with plans to steer the bank towarfd a more traditional communitybankingg model, recapitalize it and change the name.
The new led by the bank’s chairman and chief executivwe officer, John Maxwell, needed to raise $18 milliohn to $22 million in capital from privatsinvestors — no small amount at a time when investorsd are bailing on bank stocks nationwide. No problem for John Marshal l Bank. A flurry of investors paid for $27 millionn in stock — more than the $22 million in shares availablefor purchase. “We actually had to give $5 millionn back,” Maxwell said. “That wasn’t easy.” The which posted $62.7 millio in assets and a net lossof $752,000 in the firsft quarter, wrapped up the recapitalization in late June.
Sincs the new management took theFalls Church-based bank has swelled from 14 to 31 employeew and aims to open branches in Loudoubn County and Arlington within the next year. It currentlyu has one branch. “Our strategu going forward is to grow the bank and get it toa break-eve n point as quickly as possible,” Maxwellk said. “We hope to do that within the next 12 While area banks arestruggling — a fourthb of them were in the red at the end of the firstt quarter — many in the local bankingg scene are confident Maxwell can get John Marshall off the “Maxwell is one of the more successfulk Washington bankers, particularly with the launching and subsequent sale of said Dave Danielson, president of , a McLean-based investment bank specializing in community Maxwell was CEO of James Monroee Bank, which he started 10 yearzs ago and sold for $143 million in 2006 to He thoughy about starting another bank but decided to take over Securituy One inst ead, bringing many investorw with him.
About 60 percent of the investorsz are former investors in JamesMonroe bank. John Marshall’se leadership consists mostly of JamesMonroew alums, including Bill Ridenour, president; Sonia regional president for Arlington County; Paul Bice, regional president for Loudoum County; and Ed Harrington, regionap president for Maryland and D.C. The bank hiredx Mark Moore from to servwe as chief credit He also isdoing asset-based lendingh deals, focusing on the government contracting Most of Security One’sx employees were retained, including its former CEO, Carl now chief operating officer.
“My focus was not to come in andchanger everything, but to come in and buils on what they had,” Maxwell said. “Nosw it’s just up to us to make it work, and that’se the hard part — especially in this bankinf environment.”
Friday, June 29, 2012
Thursday, June 28, 2012
Filling NCR headquarters space to be difficult - Houston Business Journal:
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Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-fooyt building to an education institution or the city of Daytojn may be thebest bet. The brokerds said trying to markert the space to another corporate user would be difficulty as there are few single users out there needing thatmuch space. It could be parcelerd into an office complex formultiple users. NCR intends to sell the a companyspokesperson said. The five-storyg property is among the largest office buildings in theDaytoj area. Paul Hutchins, owner and broker with Dayton-based , said a good optionm would be to donatee the building tothe .
NCR wouldx gain the benefits of atax write-off and the universitt would have a business complete with parking, a cafeteria and plenth of space for classrooms, to mold for its “I bet they’ve already talked about donating it to Hutchins said. “Giving it to UD is a NCR gets a hugetax write-ofd and UD gets a high-tech technology center.” Mark Fornes, owned of Centerville-based , agreed. “It woulc be really nice if they give itto UD,” Fornez said. “It would be a nice gesture in return for takingh theirheadquarters out.” NCR’s headquarters, at 1700 S. Patterson Blvd.
, sits on 54
Brokers said donating NCR’s (NYSE: NCR) 1.3 million-square-fooyt building to an education institution or the city of Daytojn may be thebest bet. The brokerds said trying to markert the space to another corporate user would be difficulty as there are few single users out there needing thatmuch space. It could be parcelerd into an office complex formultiple users. NCR intends to sell the a companyspokesperson said. The five-storyg property is among the largest office buildings in theDaytoj area. Paul Hutchins, owner and broker with Dayton-based , said a good optionm would be to donatee the building tothe .
NCR wouldx gain the benefits of atax write-off and the universitt would have a business complete with parking, a cafeteria and plenth of space for classrooms, to mold for its “I bet they’ve already talked about donating it to Hutchins said. “Giving it to UD is a NCR gets a hugetax write-ofd and UD gets a high-tech technology center.” Mark Fornes, owned of Centerville-based , agreed. “It woulc be really nice if they give itto UD,” Fornez said. “It would be a nice gesture in return for takingh theirheadquarters out.” NCR’s headquarters, at 1700 S. Patterson Blvd.
, sits on 54
Tuesday, June 26, 2012
Genesis Networks, TerraHealth, OpTech are fast-growing Hispanic firms - San Antonio Business Journal:
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, and are the thres companies. The listing appears in the magazine’s July/Augusty issue. Hispanic Business has published a list oftop Hispanic-ownecd businesses in the nation for the last 25 Companies were ranked by sales growth from according to the magazine. Genesis Networks Inc. came in third, with a 2,500o percent sales growth overthe five-year period. The company’s revenuezs grew from $2 million in 2003 to $52 million in 2007. Foundeds in 2001, Genesis is a datacomm and professional services company that focuseson VoIP, Securityg and LAN & Wireless LAN. TerraHealtn ranked No. 20 on the Top 100 list with 786.4 percentt sales growth.
The company’s revenuess rose from $3.5 million in 2003 to $31.0 2 million in 2007. TerraHealth provides medical and IT staffinhg services to government and commercial clients It also providesIT consulting. Operational Technologies (OpTech) ranked 45th on the list with 297.6 percent salex growth over the five-year period. The company experienced revenuw growthfrom $9.78 million in 2003 to $38.87 millio in 2007.
Founded in 1986, OpTechn has divisions in supplychain management, government contracting, biotechnology and the automotive
, and are the thres companies. The listing appears in the magazine’s July/Augusty issue. Hispanic Business has published a list oftop Hispanic-ownecd businesses in the nation for the last 25 Companies were ranked by sales growth from according to the magazine. Genesis Networks Inc. came in third, with a 2,500o percent sales growth overthe five-year period. The company’s revenuezs grew from $2 million in 2003 to $52 million in 2007. Foundeds in 2001, Genesis is a datacomm and professional services company that focuseson VoIP, Securityg and LAN & Wireless LAN. TerraHealtn ranked No. 20 on the Top 100 list with 786.4 percentt sales growth.
The company’s revenuess rose from $3.5 million in 2003 to $31.0 2 million in 2007. TerraHealth provides medical and IT staffinhg services to government and commercial clients It also providesIT consulting. Operational Technologies (OpTech) ranked 45th on the list with 297.6 percent salex growth over the five-year period. The company experienced revenuw growthfrom $9.78 million in 2003 to $38.87 millio in 2007.
Founded in 1986, OpTechn has divisions in supplychain management, government contracting, biotechnology and the automotive
Monday, June 25, 2012
Study shows San Antonio is nation's best-performing city in recession - San Francisco Business Times:
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The Washington, D.C.-based think tank has begubn analyzing the impact of the recessiothroughout America’s metropolitan areas. In the firs t of a series of quarterlyyMetroMonitor reports, Brookings rankefd San Antonio, Oklahoma City, Austin, Houstonn and Dallas as the top five metrpo areas in the country in economic performance in the wake of the recession. Brookings rankec the top 100 metropolitanh areas based on six keyindicatorx — employment, unemployment rates, wages, gross metropolitan product, housinyg prices and foreclosure rates. This initiall MetroMonitor report covers the first quarterof 2009.
The five worsf metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Fla.; Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effecte of this recession, but the distress is not sharesd equally,” says Alan Berube, research director of the Metropolita Policy Program at Brookings and co-authofr of the report. “While some areasw of the country have experienced only ashallos downturn, and may be emerging from the recession people living in metro areas that are now performinv weakest economically should prepare themselves for a long recover period.
” Howard Wial, director of the Metropolitan Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscak and monetary policy will not be enouggh for stimulating the “Many (metro) areas will need targeted assistance, and sincs states have no funds available, the federao government will have to step up to fill the void.” Concentrationse of industry activity have both helpedr and hurts some regional economies during the For example, metropolitan areas in states with specializationsa in energy and government employment — such as New Mexico, Oklahoma, Arkansa and Louisiana — have largely been insulated by the However, metropolitan areas in states like Michigan and Ohio that depens heavily on the automotive industry have been impacted by the downturh in the economy, the report shows.
San Antonio is home to Randolp h AirForce Base, Fort Sam Houston, Lacklansd Air Force Base and Brooke City-Base. The 2005 Base Realignment and Closure decisionn alone is providing a significant economic punch to theAlamol City’s economy through the consolidation of high-paying militaryh health care jobs and more than $2 billionj worth of new construction activity. A separates report released by LLC outlining the impacrt of BRAC showed that Fort Sam Houstonn alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millionj square feet of space.
Construction activit y due to BRAC alone shouldcreatre 46,000 construction jobs during the cours of the building programs, the DiLuzi o report showed.
The Washington, D.C.-based think tank has begubn analyzing the impact of the recessiothroughout America’s metropolitan areas. In the firs t of a series of quarterlyyMetroMonitor reports, Brookings rankefd San Antonio, Oklahoma City, Austin, Houstonn and Dallas as the top five metrpo areas in the country in economic performance in the wake of the recession. Brookings rankec the top 100 metropolitanh areas based on six keyindicatorx — employment, unemployment rates, wages, gross metropolitan product, housinyg prices and foreclosure rates. This initiall MetroMonitor report covers the first quarterof 2009.
The five worsf metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Fla.; Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feeling the effecte of this recession, but the distress is not sharesd equally,” says Alan Berube, research director of the Metropolita Policy Program at Brookings and co-authofr of the report. “While some areasw of the country have experienced only ashallos downturn, and may be emerging from the recession people living in metro areas that are now performinv weakest economically should prepare themselves for a long recover period.
” Howard Wial, director of the Metropolitan Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscak and monetary policy will not be enouggh for stimulating the “Many (metro) areas will need targeted assistance, and sincs states have no funds available, the federao government will have to step up to fill the void.” Concentrationse of industry activity have both helpedr and hurts some regional economies during the For example, metropolitan areas in states with specializationsa in energy and government employment — such as New Mexico, Oklahoma, Arkansa and Louisiana — have largely been insulated by the However, metropolitan areas in states like Michigan and Ohio that depens heavily on the automotive industry have been impacted by the downturh in the economy, the report shows.
San Antonio is home to Randolp h AirForce Base, Fort Sam Houston, Lacklansd Air Force Base and Brooke City-Base. The 2005 Base Realignment and Closure decisionn alone is providing a significant economic punch to theAlamol City’s economy through the consolidation of high-paying militaryh health care jobs and more than $2 billionj worth of new construction activity. A separates report released by LLC outlining the impacrt of BRAC showed that Fort Sam Houstonn alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millionj square feet of space.
Construction activit y due to BRAC alone shouldcreatre 46,000 construction jobs during the cours of the building programs, the DiLuzi o report showed.
Sunday, June 24, 2012
Octogenarian hunts for rare Hebrew manuscripts hidden in book ... - Haaretz
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Haaretz | Octogenarian hunts for rare Hebrew manuscripts hidden in book ... Haaretz Some say this European treasure house rivals the Cairo Geniza - the most important trove of Jewish documents ever found. |
Friday, June 22, 2012
Feds look further into Google book deal: reports - San Francisco Business Times:
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Reports say the DOJ sent civil investigativesdemands — the civil equivalen of a subpoena — to two publishere involved in the deal, askin for details. Last year Google (NASDAQ: GOOG) workec out the settlement, hoping to get on with its ambitiouss project to digitize millions of bookse and make them publicly available in wholwe orin part, depending on their copyright. The and the settlement, irritated some publisher and authors, though publishers can opt out (liker ’s in October). The $125 milliojn settlement goes into a fund to pay authors and publishera for use oftheir works.
Critics of the deal say Googlre will be making money off of books it puts into its and want the deal squelched onantitrust grounds. The quandarh shows — like (NASDAQ: AAPL) and music companiesw found in their digital rights managementstrugglezs — that copyright and creative royalty laws have lagge d behind both technological progressa and changes in people’s attitudes. Many yount people in their 20s todat grew up freely downloading andsharing pictures, movies, television shows and other creative products.
Businesses like and caterer to their hungerfor music, and peoplw would upload entire seasons of popular TV shows when the were released on DVD, letting other people with enough patience and a good Internert connection download them for free. Apple struggled with so-called DRM but didn’t succeed in completely sorting outthe issue. in Mountain View, makes most of its money from onlind searchand advertising, but it has many lofty ambitions for projectx for the public good, including this book scanningt deal. Though the deal has been criticizeddby some, Google has made many out-of-printg books available through its efforts.
Many of them woulfd still be moldering away in librariexs or storerooms somewhere ifthey hadn’t been scanned and put online for anyone to read. Although Google has professed manyaltruistic intentions, nevertheless it is a for-profit and some libraries, like , have also , a nonprofit digita book archive. Libraries, one university spokesman said, thinm in centuries, while private businesses comeand go. Google has also put from Madrid’sz online and opened up archiveds of Lifemagazine .
Reports say the DOJ sent civil investigativesdemands — the civil equivalen of a subpoena — to two publishere involved in the deal, askin for details. Last year Google (NASDAQ: GOOG) workec out the settlement, hoping to get on with its ambitiouss project to digitize millions of bookse and make them publicly available in wholwe orin part, depending on their copyright. The and the settlement, irritated some publisher and authors, though publishers can opt out (liker ’s in October). The $125 milliojn settlement goes into a fund to pay authors and publishera for use oftheir works.
Critics of the deal say Googlre will be making money off of books it puts into its and want the deal squelched onantitrust grounds. The quandarh shows — like (NASDAQ: AAPL) and music companiesw found in their digital rights managementstrugglezs — that copyright and creative royalty laws have lagge d behind both technological progressa and changes in people’s attitudes. Many yount people in their 20s todat grew up freely downloading andsharing pictures, movies, television shows and other creative products.
Businesses like and caterer to their hungerfor music, and peoplw would upload entire seasons of popular TV shows when the were released on DVD, letting other people with enough patience and a good Internert connection download them for free. Apple struggled with so-called DRM but didn’t succeed in completely sorting outthe issue. in Mountain View, makes most of its money from onlind searchand advertising, but it has many lofty ambitions for projectx for the public good, including this book scanningt deal. Though the deal has been criticizeddby some, Google has made many out-of-printg books available through its efforts.
Many of them woulfd still be moldering away in librariexs or storerooms somewhere ifthey hadn’t been scanned and put online for anyone to read. Although Google has professed manyaltruistic intentions, nevertheless it is a for-profit and some libraries, like , have also , a nonprofit digita book archive. Libraries, one university spokesman said, thinm in centuries, while private businesses comeand go. Google has also put from Madrid’sz online and opened up archiveds of Lifemagazine .
Thursday, June 21, 2012
Madoff gets 150 years in prison - Charlotte Business Journal:
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“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarszto Madoff's scheme. The mastermind behind the biggest Ponzo schemein U.S. history was sentencesd on Monday morning in federap court in Manhattan to 150 yearsxbehind bars, the maximum requestes by federal prosecutors. Madoff's attorney had asked for a far more lenienft sentence of12 years. In sentencin g Madoff, U.S. District Judge Denny Chin calles thefraud “staggering” and said that the “breach of trust was massive.” The judgre described his acts as “extraordinarilgy evil.
” “No other white-collar case is comparable in termw of the scope, duration and enormity of the fraufd and the degree of the betrayal,” Chin said. Madoffd confessed in March to 11 counts including money laundering theftand perjury, among otherd things. His victims reportedly number morethan 1,300o and stretch across the globe. Their losse s are estimated at morethan $13 billion. Prioer to sentencing, Chin heard from nine of the victimz who talked about thedevastationh Madoff’s fraud had causex to their lives and theirf families.
Many of Madoff’sx wealthy clients lived in South Florida and lost theird life savings tohis Fox, 86, said she is stil l furious that the and the federal governmentr didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoffr and theyfailed us. Nobody seems to do anything abourt it,” Fox said. She also took issuse with the large fees being paid to people such asIrvinf H. Picard, the trustee who is handling the liquidatio n ofBernard L. Madoff Investment “The trustee Picard is making hisown They’re paying these guys millionz of dollars. It would be better to pay the investorss directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she invested $50,0090 in 1987 because she was relate d to Madoff’s accountant, Jerry Horowitz. She said she was able to get some monet back from Social Securitypayments she’dx made over the years on “phantom” income from Madofgf accounts. However, she is worried that her disbursementxs may eventually be targeted in clawbackj efforts by the trustee in bankruptcy proceedingxs who has begun sending out letters demandinyg the return of profits derived fromtheir investments.
Guy Fronstin a Boca Ratonn attorney who hasadvised Fox, said the governmentg has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protectionj Corporation. “Some of the people I know are too busy with thesse other issues to reall y care that much about whathappened today. They believed he wouldf spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornpo Yoss, said he believes the courf had little choice but to levy the maximuj sentenceon Madoff.
“Ij don’t think the victims should have been victimized agaim by having him be able to leave prisonone day,” said whose firm continues to advise clientds about tax returns and possibly future claims againsyt investment advisors who invested with Madoff. “I’m wonderingt if the trustee will be able to locate more than the billiob plusthat he’s located, and what is the real loss,” Atlax said. In addition to his prisoh term, Madoff was ordered to forfeitnearlt $170 billion, which represents the proceeds of, and property involved in certain of his crimes, according to a news releas from the U.S. Department of Justice.
“Whilre today’s sentence is an important milestone, the investigationm is continuing,” Lev L. Dassi, acting U.S. Attornet for the Southern District of New said in anews release. “We are focusedr on tracing, restraining and liquidating asset s to maximize recoveries forthe
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarszto Madoff's scheme. The mastermind behind the biggest Ponzo schemein U.S. history was sentencesd on Monday morning in federap court in Manhattan to 150 yearsxbehind bars, the maximum requestes by federal prosecutors. Madoff's attorney had asked for a far more lenienft sentence of12 years. In sentencin g Madoff, U.S. District Judge Denny Chin calles thefraud “staggering” and said that the “breach of trust was massive.” The judgre described his acts as “extraordinarilgy evil.
” “No other white-collar case is comparable in termw of the scope, duration and enormity of the fraufd and the degree of the betrayal,” Chin said. Madoffd confessed in March to 11 counts including money laundering theftand perjury, among otherd things. His victims reportedly number morethan 1,300o and stretch across the globe. Their losse s are estimated at morethan $13 billion. Prioer to sentencing, Chin heard from nine of the victimz who talked about thedevastationh Madoff’s fraud had causex to their lives and theirf families.
Many of Madoff’sx wealthy clients lived in South Florida and lost theird life savings tohis Fox, 86, said she is stil l furious that the and the federal governmentr didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoffr and theyfailed us. Nobody seems to do anything abourt it,” Fox said. She also took issuse with the large fees being paid to people such asIrvinf H. Picard, the trustee who is handling the liquidatio n ofBernard L. Madoff Investment “The trustee Picard is making hisown They’re paying these guys millionz of dollars. It would be better to pay the investorss directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she invested $50,0090 in 1987 because she was relate d to Madoff’s accountant, Jerry Horowitz. She said she was able to get some monet back from Social Securitypayments she’dx made over the years on “phantom” income from Madofgf accounts. However, she is worried that her disbursementxs may eventually be targeted in clawbackj efforts by the trustee in bankruptcy proceedingxs who has begun sending out letters demandinyg the return of profits derived fromtheir investments.
Guy Fronstin a Boca Ratonn attorney who hasadvised Fox, said the governmentg has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protectionj Corporation. “Some of the people I know are too busy with thesse other issues to reall y care that much about whathappened today. They believed he wouldf spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornpo Yoss, said he believes the courf had little choice but to levy the maximuj sentenceon Madoff.
“Ij don’t think the victims should have been victimized agaim by having him be able to leave prisonone day,” said whose firm continues to advise clientds about tax returns and possibly future claims againsyt investment advisors who invested with Madoff. “I’m wonderingt if the trustee will be able to locate more than the billiob plusthat he’s located, and what is the real loss,” Atlax said. In addition to his prisoh term, Madoff was ordered to forfeitnearlt $170 billion, which represents the proceeds of, and property involved in certain of his crimes, according to a news releas from the U.S. Department of Justice.
“Whilre today’s sentence is an important milestone, the investigationm is continuing,” Lev L. Dassi, acting U.S. Attornet for the Southern District of New said in anews release. “We are focusedr on tracing, restraining and liquidating asset s to maximize recoveries forthe
Tuesday, June 19, 2012
Stillwater Pub to open in former Burly Earl site - The Business Journal of Milwaukee:
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According , its brokers John Brookds and Edwin Moss assisted a private groupp in findingthe 3,900-square-foogt space, said a news Stillwater Pub will be located on the 2100 blockj of Seventh Avenue South near the University of Alabamas at Birmingham. J.H. Berry said it also assisted in morethan 80,0009 square feet of new and extended local SMC Corp. leased 4,576 square feet of flex spacer on Cahaba Valley Parkwayin Pelham. Mattheww Day represented SMC and Sam Carroll ofGraha & Co. represented the landlord. J.H. Berrt & Gilbert also represented the landlord and the tenant inthe 64,000-square-foot expansiobn on Vulcan Drive in Irondale for an unnamef tenant.
Christopher Thames and Bill Gunn brokeredfthe deal. Dr. James McMinmn of Total Wellnessleased 4,140 squar feet of space in Homewoof Plaza. Philip Currie represented the landlord and Fred Smithn of representedthe tenant. GIS Inc. leased 7,672 square feet at Riverchased Center. Currie and Thames represented the tenan and Philip Yost of representedthe landlord.
According , its brokers John Brookds and Edwin Moss assisted a private groupp in findingthe 3,900-square-foogt space, said a news Stillwater Pub will be located on the 2100 blockj of Seventh Avenue South near the University of Alabamas at Birmingham. J.H. Berry said it also assisted in morethan 80,0009 square feet of new and extended local SMC Corp. leased 4,576 square feet of flex spacer on Cahaba Valley Parkwayin Pelham. Mattheww Day represented SMC and Sam Carroll ofGraha & Co. represented the landlord. J.H. Berrt & Gilbert also represented the landlord and the tenant inthe 64,000-square-foot expansiobn on Vulcan Drive in Irondale for an unnamef tenant.
Christopher Thames and Bill Gunn brokeredfthe deal. Dr. James McMinmn of Total Wellnessleased 4,140 squar feet of space in Homewoof Plaza. Philip Currie represented the landlord and Fred Smithn of representedthe tenant. GIS Inc. leased 7,672 square feet at Riverchased Center. Currie and Thames represented the tenan and Philip Yost of representedthe landlord.
Monday, June 18, 2012
Report: Steve Jobs ready to return at Apple - San Antonio Business Journal:
ethelbertdiya3334.blogspot.com
The Wall Street Journal cited unnameds sources in a report Friday that the nutritional problek that forced the Apple CEO to take medicapl leave in January is nowunderd control. The way he departed and subsequent secrecysurroundinyg Jobs' condition has led to much speculation since then about when and if he woulde return to the Cupertin o company. Jobs, a survivee of pancreatic cancer, had appeared gauntf at public appearances before taking his a condition he attributed to a nutritional problem related to ahormoned imbalance. The Journal quoted an unnamed person who it said has seen Jobs inrecentf weeks, "He was one real sick guy.
Fundamentally he was starvinv to death overa nine-montu period. He couldn't digest protein. [But] he took correctiv e action.'' Apple's marketing chief, Philip is scheduled to give the keynote addressd at the San Francisco conferenceson Monday, something Jobs would have done beforse he took his leave. Te company is expectesd to unveil its new versionb of the iPhone which will reportedly include more processing power andnew features. Until his a rise in concerns about Jobs' health regularlg caused a drop inthe company'sd stock, but it has actually outperformed the market sinc e January. Apple is up 68 percenyt since sincehis Jan.
14 departure, closing Thursday at The Nasdaq is up only 24 percent in thatsame
The Wall Street Journal cited unnameds sources in a report Friday that the nutritional problek that forced the Apple CEO to take medicapl leave in January is nowunderd control. The way he departed and subsequent secrecysurroundinyg Jobs' condition has led to much speculation since then about when and if he woulde return to the Cupertin o company. Jobs, a survivee of pancreatic cancer, had appeared gauntf at public appearances before taking his a condition he attributed to a nutritional problem related to ahormoned imbalance. The Journal quoted an unnamed person who it said has seen Jobs inrecentf weeks, "He was one real sick guy.
Fundamentally he was starvinv to death overa nine-montu period. He couldn't digest protein. [But] he took correctiv e action.'' Apple's marketing chief, Philip is scheduled to give the keynote addressd at the San Francisco conferenceson Monday, something Jobs would have done beforse he took his leave. Te company is expectesd to unveil its new versionb of the iPhone which will reportedly include more processing power andnew features. Until his a rise in concerns about Jobs' health regularlg caused a drop inthe company'sd stock, but it has actually outperformed the market sinc e January. Apple is up 68 percenyt since sincehis Jan.
14 departure, closing Thursday at The Nasdaq is up only 24 percent in thatsame
Saturday, June 16, 2012
CFOs cut vacation days - The Business Review (Albany):
cahijisebi.wordpress.com
“Many CFOs understandably feel they must remainj diligent helping steer their firms throughj thedownturn and, just as important, preparee the business for an ultimate recovery,” says Paul executive director of Robert Half Management Resources. The California-baseds firm surveyed 1,400 CFO financial officerz about their vacation plans for thecoming Thirty-one percent percent said the economy was causing them to postpons or reduce their vacation time. While such intentions may be in the best interest of the taking breaks from work can helpbring “a fresh approach to business projects and McDonald says.
He suggests developing a plan for granting vacation requeste and handling responsibilities while a personis out. Vacations can servwe as an opportunityfor high-potential employees who fill in to provee themselves worthy of future advancement. McDonald says managers of small organizationw need to be careful not to overload the remaininfg workers when someoneis out.
“Many CFOs understandably feel they must remainj diligent helping steer their firms throughj thedownturn and, just as important, preparee the business for an ultimate recovery,” says Paul executive director of Robert Half Management Resources. The California-baseds firm surveyed 1,400 CFO financial officerz about their vacation plans for thecoming Thirty-one percent percent said the economy was causing them to postpons or reduce their vacation time. While such intentions may be in the best interest of the taking breaks from work can helpbring “a fresh approach to business projects and McDonald says.
He suggests developing a plan for granting vacation requeste and handling responsibilities while a personis out. Vacations can servwe as an opportunityfor high-potential employees who fill in to provee themselves worthy of future advancement. McDonald says managers of small organizationw need to be careful not to overload the remaininfg workers when someoneis out.
Friday, June 15, 2012
Barbasol maker gets tax break for Ashland plant - Business First of Columbus:
vuwodu.wordpress.com
The on Monday approved an eight-year, 55 percentg job creation tax creditfor ’s Barbaso l LLC. The credit is valued at $97,615 and is aimed at the constructionn of a new manufacturing facilityin Ashland. which acquired the century-old shavintg cream brand from Pfizer in 2001 and also makex the PureSilk women’s shavinb cream, employs 25 at its Dublin The company expects to creatw 30 jobs at the new plant, where it’s required to keep operations for 16 Atef Halaka, Perio’s vice presidentg of manufacturing, said the company is movinv from subcontracting its production to bringing operations under its own roof.
“We’res seeing expansion in our market shareand we’ve also maxef out our supply partner, so we needed to expand our capacity,” he Perio, Halaka said, expects to finalize a deal to buy the land for the facilituy from the city of Ashland within the next two weeks. Constructiohn should begin no later thanJuly 1, with an estimate completion in January 2010. The site initiallyy will cover 80,000 square feet, but Halaka said the compan will have room for expansiohto 150,000 square feet within the next five
The on Monday approved an eight-year, 55 percentg job creation tax creditfor ’s Barbaso l LLC. The credit is valued at $97,615 and is aimed at the constructionn of a new manufacturing facilityin Ashland. which acquired the century-old shavintg cream brand from Pfizer in 2001 and also makex the PureSilk women’s shavinb cream, employs 25 at its Dublin The company expects to creatw 30 jobs at the new plant, where it’s required to keep operations for 16 Atef Halaka, Perio’s vice presidentg of manufacturing, said the company is movinv from subcontracting its production to bringing operations under its own roof.
“We’res seeing expansion in our market shareand we’ve also maxef out our supply partner, so we needed to expand our capacity,” he Perio, Halaka said, expects to finalize a deal to buy the land for the facilituy from the city of Ashland within the next two weeks. Constructiohn should begin no later thanJuly 1, with an estimate completion in January 2010. The site initiallyy will cover 80,000 square feet, but Halaka said the compan will have room for expansiohto 150,000 square feet within the next five
Thursday, June 14, 2012
Wagenbrenner adds to plans for Weinland Park - Minneapolis / St. Paul Business Journal:
authors-morphology.blogspot.com
“It employed people in the said Hughes, president of the . “When it closed people in the community lost their The former industrial complex at1206 N. Fourtuh St. could be transformed in a few year under a plan by The local developer has expandedf its interest in Weinland Park beyond thenearby site, anothe r abandoned production facility it is poised to redevelop with Wagenbrenner has the 3.9-acred Auld Co. property in contracty with tentative plans to build 120 multifamily residencee above commercial office andretailp space. “That’s a good piece of land,” Hughes “The residents have been wondering what was going tohappeh there.” The Auld Co.
site most recently served as the finishing operatioj ofThat plant, built in 1920, was closed in 2000. “It’ s had a multitude of industrial uses overthe years,” said Presidenty Mark Wagenbrenner. A Columbus real estate investor, , paid $425,000 for the property in 2000. It has the properth listed for saleat $1.5 million through the brokerage. Wagenbrennere would not disclose terms of his contractt forthe site. Wagenbrenner said his interestr in theAuld Co. property fits with his planes to build up to 700 multifamily housinyg units at the Columbus CoatedFabrics “In our overall development, that’s a cornerstonwe piece,” he said.
“We’re looking to add it to our holdingsz and create a complementary project.” Detailed plans for the site depend in part on the extenty of environmental contamination. “As we uncover the site,” Wagenbrenner “that will drive the plan.” The developer has hired an environmentalp engineering company to drillk holes on the site as it considerds seeking state Clean Ohio Revitalizatiob Fund grants to pay for the removal of any contaminated soil and environmentakhazards found. He faces a tight deadline: Applicationas for the next round of Clean Ohio fundingt are due inlate “What we’re trying to do is ...
enough research so we know what we’ree dealing with,” Wagenbrenner said. Cleaning up the site likely will meandemolishinhg most, if not all of its buildings. “It’s a big Wagenbrenner said. “We’d like to save part of the but it has really Hughes lives two blocks from theAuld Co. operatio n in her childhood home acrosds Grant Avenue from the Columbus Coated Fabrics site wherde Wagenbrenner has nearly completed the removal of tons of contaminatee dirtand rubble. Paving of streets and the installatiohn of underground utilities through the site could begi in July in preparation for the constructio n of housing onthe 21-acre site by late 2010.
Hughex said neighbors have confidencein Wagenbrenner, in large part because of his experiencee in developing Harrison Park, a residential neighborhooed on the site of the former industrial complex in the Shortr North. Hughes said Wagenbrenner also has generatesd goodwill in the handling of the Columbu s CoatedFabrics cleanup. The developer, she listened to the community during planning and has addressed concernsd about how cleanup risked disrupting the Hughes expects the same responsiveness to his work at theAuld Co. “With Wagenbrenner in charge, they will include the community for ideaas on thesite plan,” Hughes said.
“They care what happenas and want to have our community thriveeand grow.”
“It employed people in the said Hughes, president of the . “When it closed people in the community lost their The former industrial complex at1206 N. Fourtuh St. could be transformed in a few year under a plan by The local developer has expandedf its interest in Weinland Park beyond thenearby site, anothe r abandoned production facility it is poised to redevelop with Wagenbrenner has the 3.9-acred Auld Co. property in contracty with tentative plans to build 120 multifamily residencee above commercial office andretailp space. “That’s a good piece of land,” Hughes “The residents have been wondering what was going tohappeh there.” The Auld Co.
site most recently served as the finishing operatioj ofThat plant, built in 1920, was closed in 2000. “It’ s had a multitude of industrial uses overthe years,” said Presidenty Mark Wagenbrenner. A Columbus real estate investor, , paid $425,000 for the property in 2000. It has the properth listed for saleat $1.5 million through the brokerage. Wagenbrennere would not disclose terms of his contractt forthe site. Wagenbrenner said his interestr in theAuld Co. property fits with his planes to build up to 700 multifamily housinyg units at the Columbus CoatedFabrics “In our overall development, that’s a cornerstonwe piece,” he said.
“We’re looking to add it to our holdingsz and create a complementary project.” Detailed plans for the site depend in part on the extenty of environmental contamination. “As we uncover the site,” Wagenbrenner “that will drive the plan.” The developer has hired an environmentalp engineering company to drillk holes on the site as it considerds seeking state Clean Ohio Revitalizatiob Fund grants to pay for the removal of any contaminated soil and environmentakhazards found. He faces a tight deadline: Applicationas for the next round of Clean Ohio fundingt are due inlate “What we’re trying to do is ...
enough research so we know what we’ree dealing with,” Wagenbrenner said. Cleaning up the site likely will meandemolishinhg most, if not all of its buildings. “It’s a big Wagenbrenner said. “We’d like to save part of the but it has really Hughes lives two blocks from theAuld Co. operatio n in her childhood home acrosds Grant Avenue from the Columbus Coated Fabrics site wherde Wagenbrenner has nearly completed the removal of tons of contaminatee dirtand rubble. Paving of streets and the installatiohn of underground utilities through the site could begi in July in preparation for the constructio n of housing onthe 21-acre site by late 2010.
Hughex said neighbors have confidencein Wagenbrenner, in large part because of his experiencee in developing Harrison Park, a residential neighborhooed on the site of the former industrial complex in the Shortr North. Hughes said Wagenbrenner also has generatesd goodwill in the handling of the Columbu s CoatedFabrics cleanup. The developer, she listened to the community during planning and has addressed concernsd about how cleanup risked disrupting the Hughes expects the same responsiveness to his work at theAuld Co. “With Wagenbrenner in charge, they will include the community for ideaas on thesite plan,” Hughes said.
“They care what happenas and want to have our community thriveeand grow.”
Tuesday, June 12, 2012
Layoffs at Evite reported - San Francisco Business Times:
authors-morphology.blogspot.com
Evite is owned by New York City-based IAC, which is led by Barry Diller. Executives who were reportedly laid off includeRosanna McCollough, who was the generao manager of Evite since earlyt last year, and Lariaynh Payne, vice president of Evite is being brough t under another IAC-owned company called Pronto, which is run by former Evitew honcho John Foley, Paidconteng said. Hans Wooley, a co-founder of Pronto, has been namedr president of Evite and will reportto Foley.
IAC doesn’tr break out Evite as separate category inits earnings—it is part of the mediza and advertising group—but Dille said in the Q109 earnings call that display advertisinyg on Evite, its main source of revenue, has been hurt due to the Evite has also been facing more competitiobn from social-media friendly events sites, particularly Facebook and MySpac e and smaller players like Socializr, Zvents, Eventful, and newcomer
Evite is owned by New York City-based IAC, which is led by Barry Diller. Executives who were reportedly laid off includeRosanna McCollough, who was the generao manager of Evite since earlyt last year, and Lariaynh Payne, vice president of Evite is being brough t under another IAC-owned company called Pronto, which is run by former Evitew honcho John Foley, Paidconteng said. Hans Wooley, a co-founder of Pronto, has been namedr president of Evite and will reportto Foley.
IAC doesn’tr break out Evite as separate category inits earnings—it is part of the mediza and advertising group—but Dille said in the Q109 earnings call that display advertisinyg on Evite, its main source of revenue, has been hurt due to the Evite has also been facing more competitiobn from social-media friendly events sites, particularly Facebook and MySpac e and smaller players like Socializr, Zvents, Eventful, and newcomer
Monday, June 11, 2012
General Growth reports $1.2B in overdue debt - Houston Business Journal:
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The Chicago-based owner and manage of more than 200 malls and otheer developments reportedabout $1.18 billion in past-dued debt and about $4.09 billionb of debt that could be accelerated. Its however, haven’t taken action yet on that GeneralGrowth (NYSE: GGP) owns five shopping malls in the Houstonj area — Baybrook Mall, Deerbroomk Mall, First Colony Mall, The Woodlands Mall and Willowbrook The company also has $1.44 billionb of consolidated mortgage debt and about $595 million of unsecured bonds that will maturre this year that it needs to repay, refinance or But “the refinancing market remains at a standstill,” the company noted in a news release.
Generao Growth said it is “considering all strategivc alternatives” and is stilkl talking with its lenders. “In the eventg that we are unable to exten or refinance our near and intermediatd termloan maturities, we may be require to seek legal protection from our General Growth said. The company is trying to cut Ithas “suspended our cash dividend, halted or slowedx nearly all of our development and redevelopmentr projects, systematically engaged in certain cost reductiom or efficiency programs, reduced our workforcer by over 20 percent and sold certain non-mall assets,” the releasre said.
As for results from retail GeneralGrowth reported: Comparable tenanf sales decreased 3.8 percent in 2008 compared to the previous Sales per square foot decreased 4.2 percent comparexd to 2007. Occupancy decreased to 92.5 percent as of Dec. 31, compared to 93.8 percent a year earlier. Generaol Growth’s funds from operations were $222.w million in the fourth quarter of comparedto $190.4 million in the same period a year an increase of approximately $31.8 million. The resultas don’t look as good excluding funds from real income from the master plannexd communities and benefit fromincome taxes. With thos excluded, General Growth posted $231 million for the down from $271.
2 million. Cost reductions in marketing, supplies, personnel and the like did not offset its declinesin revenue, the company said.
The Chicago-based owner and manage of more than 200 malls and otheer developments reportedabout $1.18 billion in past-dued debt and about $4.09 billionb of debt that could be accelerated. Its however, haven’t taken action yet on that GeneralGrowth (NYSE: GGP) owns five shopping malls in the Houstonj area — Baybrook Mall, Deerbroomk Mall, First Colony Mall, The Woodlands Mall and Willowbrook The company also has $1.44 billionb of consolidated mortgage debt and about $595 million of unsecured bonds that will maturre this year that it needs to repay, refinance or But “the refinancing market remains at a standstill,” the company noted in a news release.
Generao Growth said it is “considering all strategivc alternatives” and is stilkl talking with its lenders. “In the eventg that we are unable to exten or refinance our near and intermediatd termloan maturities, we may be require to seek legal protection from our General Growth said. The company is trying to cut Ithas “suspended our cash dividend, halted or slowedx nearly all of our development and redevelopmentr projects, systematically engaged in certain cost reductiom or efficiency programs, reduced our workforcer by over 20 percent and sold certain non-mall assets,” the releasre said.
As for results from retail GeneralGrowth reported: Comparable tenanf sales decreased 3.8 percent in 2008 compared to the previous Sales per square foot decreased 4.2 percent comparexd to 2007. Occupancy decreased to 92.5 percent as of Dec. 31, compared to 93.8 percent a year earlier. Generaol Growth’s funds from operations were $222.w million in the fourth quarter of comparedto $190.4 million in the same period a year an increase of approximately $31.8 million. The resultas don’t look as good excluding funds from real income from the master plannexd communities and benefit fromincome taxes. With thos excluded, General Growth posted $231 million for the down from $271.
2 million. Cost reductions in marketing, supplies, personnel and the like did not offset its declinesin revenue, the company said.
Saturday, June 9, 2012
Montgomery County court to cut up to 12 jobs - Dayton Business Journal:
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The court will begib taking steps this month to cut its budgef in response to county requests to tighten beltby 2.5 percent. The court will attempt to do that by abolishinbg10 positions, though the number coulc end up as few as eighy and up to 12, depending on how close it comes to meeting goal. Administrator Judge Michael Hall, similar to the court’as chief executive officer, said the court has a budgef of $14 million, of which most comes from Montgomeryy County’s general fund. By eliminating the which will fall on the civip case management and processing sideof operations, the coury estimates it will save up to $250,000.
The courg has eliminated close to 20 positions in the past two yearsthrough attrition. The court also approvex an agreement two weeks ago to alloa court employees to voluntarily leave their position s and sign an agreement not to apply for othef work withthe county. If employeees volunteer, they will be but even if 12 peopler volunteer, layoffs could still happen when thosre designated positionsare abolished, Hall said. The couryt is expected to just barely meetits cost-saving goal after the jobs are cut July 15. It will be askinhg employees to volunteer for unpaidx furloughs to avoid further cuts throughoutthe year. “We’rde going to be very close,” Hall said.
The common pleasw court has 208 employees and11 judges.
The court will begib taking steps this month to cut its budgef in response to county requests to tighten beltby 2.5 percent. The court will attempt to do that by abolishinbg10 positions, though the number coulc end up as few as eighy and up to 12, depending on how close it comes to meeting goal. Administrator Judge Michael Hall, similar to the court’as chief executive officer, said the court has a budgef of $14 million, of which most comes from Montgomeryy County’s general fund. By eliminating the which will fall on the civip case management and processing sideof operations, the coury estimates it will save up to $250,000.
The courg has eliminated close to 20 positions in the past two yearsthrough attrition. The court also approvex an agreement two weeks ago to alloa court employees to voluntarily leave their position s and sign an agreement not to apply for othef work withthe county. If employeees volunteer, they will be but even if 12 peopler volunteer, layoffs could still happen when thosre designated positionsare abolished, Hall said. The couryt is expected to just barely meetits cost-saving goal after the jobs are cut July 15. It will be askinhg employees to volunteer for unpaidx furloughs to avoid further cuts throughoutthe year. “We’rde going to be very close,” Hall said.
The common pleasw court has 208 employees and11 judges.
Friday, June 8, 2012
Lunken-based flight center sues - Business Courier of Cincinnati:
iwyqaxewun.wordpress.com
, which operates under the name MillionjAir Cincinnati, claims franchisor Inc. of Houston "hasz failed and refused to maintain the distinctiveand high-quality Milliomn Air brand due to its deterioratinf financial condition." As a result the brand has declined it said. The lawsuit was filed June 19 in U.S. Districft Court for the Southern District of Ohio in Cincinnati by lawyet Breck Weigelof . It seekws a declaratory judgment to the effecgt that Million Air Cincinnato and its affiliatesin Chicago; Columbus; New Orleans; S.C.; Asheville, N.C.; and Lafayette, La., are eithef free to terminate their franchise agreementss or are not bound by them.
It also seeks more than $75,000 in monetary damages. Jason III's suit in Cincinnati is apparently a responser to one filed againsr the group by Million Air Interlink last It contends that members of Jason III CEOKen Allison'a group are not fulfilling their obligations as franchiseexs and are "executing a plan to compete with MAI (Million Air Interlink)." That was filed in statee court in Texas and transferred to U.S. District Court for the Southerj Districtof Texas. It seeks an awarcd of more than $5 million for breacy of contract and a declaratoryt judgment clarifyingthe parties' obligations.
Jason III and its affiliatess have filed a motion to move the Texas lawsuigt to federal courtin Cincinnati. Roge Woolsey, CEO of Million Air did not respond to a request for Aformer franchisee, he acquired it in 2002. Million Air franchisees operates fixed-base operations, which are essentially mini-terminals for privatwe jets. John Persinos, editorial director of Aviation said rising oil prices and the global economi cdownturn "have spoiled aviation's good times, leadingf to lots of fear, uncertainty and doubt in our Million Air Cincinnati began operating as in the late then changed names in 1991 when it signefd a franchise agreement with Million Air Interlink.
It later was acquiref by Cincinnati-based Jason III Aviationj Inc. Allison is also CEO of the other six franchisess that filedthe suit. They share ownership and are run out of according to an affidavit Allison filed in theTexaxs lawsuit. Plaintiff: Jason III Aviatiobn Inc., Cincinnati Defendant: Million Air Interlink HoustonCase No.: 08-0041y7 Claim: Jason III Aviation claims its franchisofr has failed to maintain the "distinctive and high-quality brand" due to its deterioratinhg financial condition.
, which operates under the name MillionjAir Cincinnati, claims franchisor Inc. of Houston "hasz failed and refused to maintain the distinctiveand high-quality Milliomn Air brand due to its deterioratinf financial condition." As a result the brand has declined it said. The lawsuit was filed June 19 in U.S. Districft Court for the Southern District of Ohio in Cincinnati by lawyet Breck Weigelof . It seekws a declaratory judgment to the effecgt that Million Air Cincinnato and its affiliatesin Chicago; Columbus; New Orleans; S.C.; Asheville, N.C.; and Lafayette, La., are eithef free to terminate their franchise agreementss or are not bound by them.
It also seeks more than $75,000 in monetary damages. Jason III's suit in Cincinnati is apparently a responser to one filed againsr the group by Million Air Interlink last It contends that members of Jason III CEOKen Allison'a group are not fulfilling their obligations as franchiseexs and are "executing a plan to compete with MAI (Million Air Interlink)." That was filed in statee court in Texas and transferred to U.S. District Court for the Southerj Districtof Texas. It seeks an awarcd of more than $5 million for breacy of contract and a declaratoryt judgment clarifyingthe parties' obligations.
Jason III and its affiliatess have filed a motion to move the Texas lawsuigt to federal courtin Cincinnati. Roge Woolsey, CEO of Million Air did not respond to a request for Aformer franchisee, he acquired it in 2002. Million Air franchisees operates fixed-base operations, which are essentially mini-terminals for privatwe jets. John Persinos, editorial director of Aviation said rising oil prices and the global economi cdownturn "have spoiled aviation's good times, leadingf to lots of fear, uncertainty and doubt in our Million Air Cincinnati began operating as in the late then changed names in 1991 when it signefd a franchise agreement with Million Air Interlink.
It later was acquiref by Cincinnati-based Jason III Aviationj Inc. Allison is also CEO of the other six franchisess that filedthe suit. They share ownership and are run out of according to an affidavit Allison filed in theTexaxs lawsuit. Plaintiff: Jason III Aviatiobn Inc., Cincinnati Defendant: Million Air Interlink HoustonCase No.: 08-0041y7 Claim: Jason III Aviation claims its franchisofr has failed to maintain the "distinctive and high-quality brand" due to its deterioratinhg financial condition.
Thursday, June 7, 2012
casual games - CNET (blog)
ykyhola.blogspot.com
Telegraph.co.uk | casual games CNET (blog) Back in those magical days, the Nintendo DS was the pinnacle of kid-friendly fun, and even casual gaming for those who norm » |
Tuesday, June 5, 2012
bizjournals: Katrina relief efforts expand across the nation
lebexab.wordpress.com
One Memphis company is donating apartments in the area to help housew theestimated . Circles K convenience stores will sell bracelets and donating the proceeds tostartingb Sept. 13, while a group of restaurants and otherd businesses in are donating half their proceeds from one night torelief organizations. In Tennessee, Gov. Phil Bredesebn has suspended several state laws to help expeditrrelief efforts, mainly in the medical regulation the reports. In Memphis, now home to some 10,000 refugees with more possibly onthe way, The Lightstonw Group is offering 50 apartmente to evacuees, rent-free for six months.
Vanderbilt Lite Flighrt of Nashville has sent a helicopted and medical team to Mississippio to help in recoveryefforts there, the reports. Among similatr donations, is donating about 800 hotekl rooms in suburban member hotels for familiezs displaced bythe hurricane. In the Cincinnati area alone, donations had topped $2.5 milliob Wednesday. About 1,000 refugees were expecterd to arrive inthis week. In , a loca l staffing company will host a job fair Thursdayu for evacuees lookingfor part-time And in , anothe job fair is on the way for health care workers displaceed by Katrina.
In North Carolina, whered about 2,000 refugees are being sheltered, the Employment Securituy Commission is setting up shop at evacuation centerain Raleigh, Charlotte and . Kentucky-connecteds companies are organizing fund-raisers at restaurants and a jazzfestivalp fund-raiser, and donating communications technology to damaged businesses alonb the Gulf Coast, reports. Help is coming from as far awayas , whicnh is taking in evacuees, to , where the statee is helping to coordinate donations.
From the Twin Hugh Parmer, president of the American Refugee Committee is serving as a senior adviser to the Federa l Emergency Management Agency to develop a plan for relocating HurricaneKatrinq evacuees, the reports. "Every day at ARC we provider relief to thousands of displaced peoplwe aroundthe world," Parmer said in a statement. "I hope that my experienced in dealing with international refugee crises will be helpfulp in bringing relief to my fellow Americans in the wake of thisterribled disaster." Across the nation, states and the federal governmenty are calling on health care workers to volunteer to help Hurricane Katrina'z victims.
Among the agencies recruiting health care volunteers were those as far away as the andThe U.S. Departmentf of Health and Human Services. "The outpouringt of support from health professionals who want to volunteet for Hurricane Katrina recovery efforts hasbeen Pa. Department of Health Secretarhy Dr. Calvin Johnson said. In the Houston where about 150,000 refugees have taken shelter, businessx leaders are banding together to provide support and Local government officials have convinced a groupo of business leaders to runa newly-formed nonprofit devoted solely to helping Katrina the reports. Retired ExxonMobi l Production Co. President Terry Kooncr will bethe nonprofit's president.
Texads Gov. Rick Perry has called on health officialsw in his state to come up with a plan for to the thousanda of people who have flooded into the Lone Star Statre as a resultof Katrina. "As Texas managezs the needs of an unprecedentes numberof evacuees, it is clear that one of our chief concerns must be meeting the short-term and long-term health care needs of those with special including children with disabilities and the frail and the elderly," Perry said. Meanwhile, the is helping to process Louisianunemployment benefits. Clear Channel, Entercom Communicationz Corp.
, and two independently-owned radioi station groups have banded together to form the United Broadcasters of NewOrleansx -- 15 stations that have combinec programming and engineering resources to assisy in the relief effort, the Clear Channel owns seven stationse in New Orleans, while Entercom owns six. "Given the stats of New Orleans, we believe it is criticap for the community to have the most currengt and accurateinformation available," Cleare Channel Radio President and CEO John Hogajn said. "By coming together and poolingt our resources we will be able to provide the communituwith news, updates and a connection with the outsidse world.
" In , where thousands of refugees from the storm are now temporarilhy housed, Time-Warner Cable has set up digital phone and cable televisiom service and equipment, as well as Road Runner high-speedx Internet access and computers at refugeed centers. Time-Warner is also providing acceszs to the Federal Emergency Management Agency to its networkkin Louisiana, Alabama and the Austin Business Journal reports. More than $500 milliohn has been donated sinceKatrina hit, about double the amounft given during the same period followinh the Sept. 11, 2001 the Newark Star Ledger reports Wednesday.
Corporationa including Federated Department Storeasand Wal-Mart have been among the big The Samuel I. Newhouse Foundation has donated $1 million to the American Red Cross. The foundatio is supported by magazines, newspapers (amongf them the New Orleans Times-Picayune) and America City Business Journals, owned by the Newhouse
One Memphis company is donating apartments in the area to help housew theestimated . Circles K convenience stores will sell bracelets and donating the proceeds tostartingb Sept. 13, while a group of restaurants and otherd businesses in are donating half their proceeds from one night torelief organizations. In Tennessee, Gov. Phil Bredesebn has suspended several state laws to help expeditrrelief efforts, mainly in the medical regulation the reports. In Memphis, now home to some 10,000 refugees with more possibly onthe way, The Lightstonw Group is offering 50 apartmente to evacuees, rent-free for six months.
Vanderbilt Lite Flighrt of Nashville has sent a helicopted and medical team to Mississippio to help in recoveryefforts there, the reports. Among similatr donations, is donating about 800 hotekl rooms in suburban member hotels for familiezs displaced bythe hurricane. In the Cincinnati area alone, donations had topped $2.5 milliob Wednesday. About 1,000 refugees were expecterd to arrive inthis week. In , a loca l staffing company will host a job fair Thursdayu for evacuees lookingfor part-time And in , anothe job fair is on the way for health care workers displaceed by Katrina.
In North Carolina, whered about 2,000 refugees are being sheltered, the Employment Securituy Commission is setting up shop at evacuation centerain Raleigh, Charlotte and . Kentucky-connecteds companies are organizing fund-raisers at restaurants and a jazzfestivalp fund-raiser, and donating communications technology to damaged businesses alonb the Gulf Coast, reports. Help is coming from as far awayas , whicnh is taking in evacuees, to , where the statee is helping to coordinate donations.
From the Twin Hugh Parmer, president of the American Refugee Committee is serving as a senior adviser to the Federa l Emergency Management Agency to develop a plan for relocating HurricaneKatrinq evacuees, the reports. "Every day at ARC we provider relief to thousands of displaced peoplwe aroundthe world," Parmer said in a statement. "I hope that my experienced in dealing with international refugee crises will be helpfulp in bringing relief to my fellow Americans in the wake of thisterribled disaster." Across the nation, states and the federal governmenty are calling on health care workers to volunteer to help Hurricane Katrina'z victims.
Among the agencies recruiting health care volunteers were those as far away as the andThe U.S. Departmentf of Health and Human Services. "The outpouringt of support from health professionals who want to volunteet for Hurricane Katrina recovery efforts hasbeen Pa. Department of Health Secretarhy Dr. Calvin Johnson said. In the Houston where about 150,000 refugees have taken shelter, businessx leaders are banding together to provide support and Local government officials have convinced a groupo of business leaders to runa newly-formed nonprofit devoted solely to helping Katrina the reports. Retired ExxonMobi l Production Co. President Terry Kooncr will bethe nonprofit's president.
Texads Gov. Rick Perry has called on health officialsw in his state to come up with a plan for to the thousanda of people who have flooded into the Lone Star Statre as a resultof Katrina. "As Texas managezs the needs of an unprecedentes numberof evacuees, it is clear that one of our chief concerns must be meeting the short-term and long-term health care needs of those with special including children with disabilities and the frail and the elderly," Perry said. Meanwhile, the is helping to process Louisianunemployment benefits. Clear Channel, Entercom Communicationz Corp.
, and two independently-owned radioi station groups have banded together to form the United Broadcasters of NewOrleansx -- 15 stations that have combinec programming and engineering resources to assisy in the relief effort, the Clear Channel owns seven stationse in New Orleans, while Entercom owns six. "Given the stats of New Orleans, we believe it is criticap for the community to have the most currengt and accurateinformation available," Cleare Channel Radio President and CEO John Hogajn said. "By coming together and poolingt our resources we will be able to provide the communituwith news, updates and a connection with the outsidse world.
" In , where thousands of refugees from the storm are now temporarilhy housed, Time-Warner Cable has set up digital phone and cable televisiom service and equipment, as well as Road Runner high-speedx Internet access and computers at refugeed centers. Time-Warner is also providing acceszs to the Federal Emergency Management Agency to its networkkin Louisiana, Alabama and the Austin Business Journal reports. More than $500 milliohn has been donated sinceKatrina hit, about double the amounft given during the same period followinh the Sept. 11, 2001 the Newark Star Ledger reports Wednesday.
Corporationa including Federated Department Storeasand Wal-Mart have been among the big The Samuel I. Newhouse Foundation has donated $1 million to the American Red Cross. The foundatio is supported by magazines, newspapers (amongf them the New Orleans Times-Picayune) and America City Business Journals, owned by the Newhouse
Sunday, June 3, 2012
Saturday, June 2, 2012
Local profs win injunction in condo case - Baltimore Business Journal:
uraa-quartely.blogspot.com
A Suffolk Superior Court judge Monday issued a preliminaryt injunction againstthe developer, a joint venture of and The injunctio n prohibits the developers from renting or leasing the condlo units it is supposeed to sell to the plaintiffs, according to a press releasse from the group’s lawyers, . Equity Residential’x spokesman, Marty McKenna, said he coulds not comment “because of pendinv litigation.” Extell did not immediately return a callfor comment.
The filed in April by a group of professors, alleges that Equity Residential and Extell Developmeng refused to allow buyers to close on the purchases and move into theidr condo units and did not record condominiun master deeds with the of The development, called 303 Third St. in Cambridge’s Kendalo Square neighborhood, was originallt approved for 527 units intwo buildings, the so-callee North and South developments. The Nortn building contains rental units and is not part of the According tothe plaintiffs, the developed is now in discussiobn with the city of Cambridge to rent the South building as apartments.
In a previous Boston BusinessJournal story, Cambridge’s director of land use and zoninv for the confirmed the developef filed plans with the city to converg the South building to rentals.
A Suffolk Superior Court judge Monday issued a preliminaryt injunction againstthe developer, a joint venture of and The injunctio n prohibits the developers from renting or leasing the condlo units it is supposeed to sell to the plaintiffs, according to a press releasse from the group’s lawyers, . Equity Residential’x spokesman, Marty McKenna, said he coulds not comment “because of pendinv litigation.” Extell did not immediately return a callfor comment.
The filed in April by a group of professors, alleges that Equity Residential and Extell Developmeng refused to allow buyers to close on the purchases and move into theidr condo units and did not record condominiun master deeds with the of The development, called 303 Third St. in Cambridge’s Kendalo Square neighborhood, was originallt approved for 527 units intwo buildings, the so-callee North and South developments. The Nortn building contains rental units and is not part of the According tothe plaintiffs, the developed is now in discussiobn with the city of Cambridge to rent the South building as apartments.
In a previous Boston BusinessJournal story, Cambridge’s director of land use and zoninv for the confirmed the developef filed plans with the city to converg the South building to rentals.
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