viktorevaikubuwo.blogspot.com
Positions will include store management, pharmacists, humab resources managers, customer service associates, cashiers and sales according tothe Bentonville, Ark., chain (NYSE:WMT). Last Wal-Mart announced plans to open 142 to 157 new and expandedd stores during the current fiscal whichends Jan. 31, 2010. Other states expected to gain morethan 1,00p0 jobs include Michigan, California, New Jersey, South Carolina, Virginia and Utah. Its newest Arizonza store opened in Mayin Maricopa. Walmart operates more than 7,900p retail outlets and employs 2.1 million people in 15 Unlikemany retailers, Wal-Mart has fared well amid the recession as consumersd keep a rein on purchasee dollars.
Last month the chain reportedr first-quarter earnings of $3 billion, or 77 cents a a penny more than the same period ayear ago. Revenure slipped a smidge to $93.5 billion from $94.9 billion. “During this difficulr economic time, we’re proud to be able to creat e quality jobs for thousands of Americandsthis year," said Eduardo Castro-Wright, vice chairman of Wal-Martf Stores Inc. The jobs announcementt comes a day before the retail giant hold its annual stockholders meeting in Bud Waltonm Arena at the Universityuof Arkansas.
In addition to election of directors and otheroutine business, six shareholder proposals are on the Creation of a gender identity nondiscrimination policy. Adoption of a pay for superioeperformance principle. Giving shareholders the rightt to an advisory vote onexecutive compensation. Requirinv a semi-annual report disclosing Wal-Mart’s political Giving major shareholders the power to callspeciaol meetings. Requiring incentive pay to come in the form ofstocik options. The Wal-Mart board is opposing all the shareholder LeeScott Jr., who served as CEO of the companyt until his retirement at the end of January receives a total compensation package of $30.2 millio n last year.
Sunday, September 30, 2012
Saturday, September 29, 2012
Commodities subject to limits in rejected rule - Sacramento Bee
sunrise-invoices.blogspot.com
Commodities subject to limits in rejected rule Sacramento Bee A federal judge has struck down a rule adopted under the 2010 financial overhaul law that seeks to limit speculative trading of commodities futures. The rule, adopted last year by the Commodity Futures Trading Commission, restricted the volume of ... |
Thursday, September 27, 2012
Wednesday, September 26, 2012
Western-Southern annuities on record-setting pace - Minneapolis / St. Paul Business Journal:
tenamup.wordpress.com
Western & Southern sold $1.254 billion in annuities during the first four month ofthe year, it said last week. That puts it on pace to beat last year’sd total fixed and variable annuity salesof $2.97 billionb by 26 percent. The company’s 2008 annuity salew soared 59 percent from theprior “Our strong annuity sales are a direct resulr of the ongoing flight to CEO John Barrett said in a news Western & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’s nine stronges life insurance groups. Sales through banks have been a big partof downtown-basede Western & Southern’s growth.
Those sales generated $523 million so far this year, or abouyt 40 percent of the company’s total annuityu sales. Bank-related sales more than doubledlast year. Wester n & Southern’s sales place it amony the nation’s largest providers of individuapannuity products, according to , an association of life insurerx and financial firms.
Western & Southern sold $1.254 billion in annuities during the first four month ofthe year, it said last week. That puts it on pace to beat last year’sd total fixed and variable annuity salesof $2.97 billionb by 26 percent. The company’s 2008 annuity salew soared 59 percent from theprior “Our strong annuity sales are a direct resulr of the ongoing flight to CEO John Barrett said in a news Western & Southern carries a AA+ ratinfg from Standard & Poor’s, making it one of the world’s nine stronges life insurance groups. Sales through banks have been a big partof downtown-basede Western & Southern’s growth.
Those sales generated $523 million so far this year, or abouyt 40 percent of the company’s total annuityu sales. Bank-related sales more than doubledlast year. Wester n & Southern’s sales place it amony the nation’s largest providers of individuapannuity products, according to , an association of life insurerx and financial firms.
Tuesday, September 25, 2012
Just how bad is Austin traffic? - Austin Business Journal:
bakakinkorypon.blogspot.com
Motorists in the Austin area spentabourt 22.7 million hours behind the wheel in 2007, ranking the city 32nd out of 90 metrio areas when it comes to according to the "Urban Mobility Report" from the Texas Transportation Institute at Texaxs A&M University. That's behind Dallas-Fort Wortgh (5th), Houston (9th) and San Antonio (27th). The reportf also shows that Austin drivers usedaboutg 15.6 million gallons more fuel in 2007 than they woulc have without traffic Put another way, congestioh cost local motorists $471 million that year The top five worst citiesa for congestion were predictably Los New York, Chicago, Atlanta and in that order.
Among cities of comparable sizeto Austin, the leasft congested were Cleveland, Ohio and Buffalo, NY.
Motorists in the Austin area spentabourt 22.7 million hours behind the wheel in 2007, ranking the city 32nd out of 90 metrio areas when it comes to according to the "Urban Mobility Report" from the Texas Transportation Institute at Texaxs A&M University. That's behind Dallas-Fort Wortgh (5th), Houston (9th) and San Antonio (27th). The reportf also shows that Austin drivers usedaboutg 15.6 million gallons more fuel in 2007 than they woulc have without traffic Put another way, congestioh cost local motorists $471 million that year The top five worst citiesa for congestion were predictably Los New York, Chicago, Atlanta and in that order.
Among cities of comparable sizeto Austin, the leasft congested were Cleveland, Ohio and Buffalo, NY.
Sunday, September 23, 2012
Columbus pullback has far-reaching Wichita impact - Kansas City Business Journal:
ovaluleq.wordpress.com
Companies seeking work on the new business jet line and government entitiezs offering incentives for it were forcede to grapple with the news that at least fornow — it wasn’t happening. “Thies was huge,” says Cessna spokesman Doug Oliver. “Thise was not a decision that was made and when you talkto (Cessna and Textrobn executives), they say, ‘Don’t count this program out. Don’ty do that.’ There’s still a lot of supporrt for it.” But Olivef stopped short of saying, definitively, that the project woul d resume. “Tomorrow’s another he says.
“There’s stilol lots of support for the What formit takes, who In suspending the project, Cessna pullef the plug on what would have been abouft a $200 million effort to build and outfity a 600,000-square-foot final assembly facility for the new larges cabin business jet. Construction, which accountds for about half ofthat cost, had been expectedc to start soon. Cessna last month accepted bids from five selecfgeneral contractors, all of them based in Kansas. Just the firm notified the four losing bidders they no longe r were inthe running.
The companhy also began contract negotiations with thewinningh contractor, which it declined to Other contractors said the firm was President Tom Dondlinget didn’t return a call for His good fortune went for naught. “We didn’gt award a contract, so it’s a moot point,” Olive says. “This ceases all discussion.” He says the plane-maker would bid the project again if it resumess theColumbus project, but offered no time line for “When this comes back — who knowa when that will be — the worlx will be vastly different,” he It’s a tough break for which could have used the project to bolstefr it’s work flow for about two The company in January is scheduled to wrap up work on a $130 million job considerede the largest in Sedgwick County history.
“Itr made your year — this year and next says Joe Levens, senior vice president for corporate developmentfor Co. which bid the Cessna job. “It was sizable enough it woulcboost anybody’s revenue for the year. ... Timing woul d have been perfect forthem Actually, for all five bidding it, timing was The construction project, however, was just a piece of the Columbua puzzle. Cessna will cancel all its suppliedr contracts on thebusiness jet, Olive r says. That includes one with Wichita-based , whicbh had signed on to builxd the fuselage forthe Columbus. Olivet declined to discuss specific suppliers.
“Butg generally, we’re not going forward with the contracts,” he says. the reality of our intentionsd is we have every intentio of going back to this program when the economyturns around. In the meantime, though, reality calls for us to cancelothese contracts.” Spirit spokeswoman Debbie Gann says the company was surprisef by the suspension of the projecrt and immediately canceled its work on reassigning employees who were working on it.
Companies seeking work on the new business jet line and government entitiezs offering incentives for it were forcede to grapple with the news that at least fornow — it wasn’t happening. “Thies was huge,” says Cessna spokesman Doug Oliver. “Thise was not a decision that was made and when you talkto (Cessna and Textrobn executives), they say, ‘Don’t count this program out. Don’ty do that.’ There’s still a lot of supporrt for it.” But Olivef stopped short of saying, definitively, that the project woul d resume. “Tomorrow’s another he says.
“There’s stilol lots of support for the What formit takes, who In suspending the project, Cessna pullef the plug on what would have been abouft a $200 million effort to build and outfity a 600,000-square-foot final assembly facility for the new larges cabin business jet. Construction, which accountds for about half ofthat cost, had been expectedc to start soon. Cessna last month accepted bids from five selecfgeneral contractors, all of them based in Kansas. Just the firm notified the four losing bidders they no longe r were inthe running.
The companhy also began contract negotiations with thewinningh contractor, which it declined to Other contractors said the firm was President Tom Dondlinget didn’t return a call for His good fortune went for naught. “We didn’gt award a contract, so it’s a moot point,” Olive says. “This ceases all discussion.” He says the plane-maker would bid the project again if it resumess theColumbus project, but offered no time line for “When this comes back — who knowa when that will be — the worlx will be vastly different,” he It’s a tough break for which could have used the project to bolstefr it’s work flow for about two The company in January is scheduled to wrap up work on a $130 million job considerede the largest in Sedgwick County history.
“Itr made your year — this year and next says Joe Levens, senior vice president for corporate developmentfor Co. which bid the Cessna job. “It was sizable enough it woulcboost anybody’s revenue for the year. ... Timing woul d have been perfect forthem Actually, for all five bidding it, timing was The construction project, however, was just a piece of the Columbua puzzle. Cessna will cancel all its suppliedr contracts on thebusiness jet, Olive r says. That includes one with Wichita-based , whicbh had signed on to builxd the fuselage forthe Columbus. Olivet declined to discuss specific suppliers.
“Butg generally, we’re not going forward with the contracts,” he says. the reality of our intentionsd is we have every intentio of going back to this program when the economyturns around. In the meantime, though, reality calls for us to cancelothese contracts.” Spirit spokeswoman Debbie Gann says the company was surprisef by the suspension of the projecrt and immediately canceled its work on reassigning employees who were working on it.
Saturday, September 22, 2012
As Spain's Construction Sector Recedes, Global Rivals Move In - World Politics Review
esivyjifag.wordpress.com
Economic Times | As Spain's Construction Sector Recedes, Global Rivals Move In World Politics Review This month, Spanish Prime Minister Mariano Rajoy expressed his government's intent to avoid a financial bailout through a plan based on limited assistance from the European Central Bank, higher taxes and further domestic restrictions on credit. Whether ... Euro f » |
Thursday, September 20, 2012
Two Ontario pension super funds may be used to house public sector savings - Globe and Mail
inufyw.blogspot.com
Globe and Mail | Two Ontario pension super funds may be used to house public sector savings Globe and Mail Ontario's cash-strapped government is considering the creation of two massive pension funds to manage the retirement savings of public-sector workers â€" everyone from nuclear engineers and university professors to hospital custodians. The two funds ... |
Wednesday, September 19, 2012
News Photographer/Editor - Radio & Television Business Report
grihanovveimavox.blogspot.com
News Photographer/Editor Radio & Television Business Report Two (2) years experience as an ENG News Photographer and Editor at a commercial television station preferred. Must be able to show creativity in photography and editing. Must have knowledge of non-linear and linear editing systems. Must be able to edit ... |
Tuesday, September 18, 2012
Elizabeth Warren slightly ahead of Scott Brown in yet another new Senate poll - Boston.com
olimstgon.blogspot.com
Daily Beast | Elizabeth Warren slightly ahead of Scott Brown in yet another new Senate poll Boston.com By Glen Johnson, Globe Staff. A third new poll has found Elizabeth Warren pulling ahead of Senator Scott Brown, giving the Democratic ch » |
Sunday, September 16, 2012
Survey names Oslo the world's priciest city - Reuters
fixyruw.wordpress.com
IBNLive.com | Survey names Oslo the world's priciest city Reuters ZURICH, Sept 14 (Reuters) - Oslo is the most expensive city in the world, ahead of Zurich and Tokyo, but the well-paid residents of the Swiss financial hub enjoy the greatest purchasing power, according to a study released on Friday. The annual survey ... Oslo, Zurich and Tokyo †" world's most pricey cities: study |
Saturday, September 15, 2012
Kansas City Business Journal:
stages-paddocks.blogspot.com
For many people, finding the right CPA can be just as importantg totheir well-being as finding a good physician. So time and care are neederd in choosing thecorrect person. "In the businesas world, there are few relationships more personalp than that of a business andits accountant, says Kenneth C. a CPA with Tidwell DeWitt LLC. "Aftefr all, nothing is more privatre and delicate than the issuesof money.
" The first step is to determine exactly what type of CPA you While there are numerous companiex that will prepare taxes for any type of CPAs often specialize in certain "Determine what your needs are and what you're looking for," says Jimmy Williamson, chairman of the Board of Directors of the Americab Institute of Certified Public Accountants. "Some CPAs want to do but I think that canbe dangerous. If you have a hearr problem, you don't want to just go to your standards practitioner. You want to go to a cardiologisyt who can do specialized testing and see exactly what yourproblenm is." Then ask around among friends and professional colleagues to find out who they use as an accountant.
Williamsojn says it can be particularly useful to talkwith attorneys, bankersa and stockbrokers, since people in those fields tend to be knowledgeablwe about CPAs. "Most new clientds come from referrals fromother clients," Williamson The AICPA also offers help in finding a CPA through its Web site at Narrow your list of potential CPAs to at leasgt three, and then interview each one. Come equipped with a numbert ofspecific questions, including how much the CPA "That needs to be addressed on the front end, to preventt surprises down the road," Williams says.
* How long has your firm been in business Some people want to use anestablishedx CPA, while others prefer a newer firm that has a smallee client list, enabling it to pay closer attentiom to its customers. * Do you offer an initial consultation, and is there a charge? Many firms offer a free initialo consultation and should be able to give an estimatd of the fees for the servicessyou require. * Can I contact any of your current clients fora referral? A reputablw firm will be willing to provide you with * What education have you recently completed in your area of expertise??
CPAs who have an active certificate to practicd public accounting are required to complet a specified amount of continuinyg professional education. They receive credit by attendingb courses, writing articles or * What computer programs do you prefer your clients to use forrecord keeping? Using a program the CPA is familiar with can save time and money on your A firm also should be able to help you in settint up and maintaining computerized bookkeeping. In addition to obtaining this you should also look for a CPA who fitsyour personality. Some people want their CPA to beall business, whilr others prefer a lighter approach.
"It'sa important that the chemistrybe there," Williamson "There shouldn't be anything uncomfortable about working with a CPA. If there is, then move on to somebod y else." DeWitt agrees. "Since open and frequentf communication is often the key ingredient ina relationship, it shouldr be considered with equal importance as experience and ability, DeWitt says. "There are tens of thousands of CPA firmin America. That means there is most definitely a CPA out thersfor you.
"
For many people, finding the right CPA can be just as importantg totheir well-being as finding a good physician. So time and care are neederd in choosing thecorrect person. "In the businesas world, there are few relationships more personalp than that of a business andits accountant, says Kenneth C. a CPA with Tidwell DeWitt LLC. "Aftefr all, nothing is more privatre and delicate than the issuesof money.
" The first step is to determine exactly what type of CPA you While there are numerous companiex that will prepare taxes for any type of CPAs often specialize in certain "Determine what your needs are and what you're looking for," says Jimmy Williamson, chairman of the Board of Directors of the Americab Institute of Certified Public Accountants. "Some CPAs want to do but I think that canbe dangerous. If you have a hearr problem, you don't want to just go to your standards practitioner. You want to go to a cardiologisyt who can do specialized testing and see exactly what yourproblenm is." Then ask around among friends and professional colleagues to find out who they use as an accountant.
Williamsojn says it can be particularly useful to talkwith attorneys, bankersa and stockbrokers, since people in those fields tend to be knowledgeablwe about CPAs. "Most new clientds come from referrals fromother clients," Williamson The AICPA also offers help in finding a CPA through its Web site at Narrow your list of potential CPAs to at leasgt three, and then interview each one. Come equipped with a numbert ofspecific questions, including how much the CPA "That needs to be addressed on the front end, to preventt surprises down the road," Williams says.
* How long has your firm been in business Some people want to use anestablishedx CPA, while others prefer a newer firm that has a smallee client list, enabling it to pay closer attentiom to its customers. * Do you offer an initial consultation, and is there a charge? Many firms offer a free initialo consultation and should be able to give an estimatd of the fees for the servicessyou require. * Can I contact any of your current clients fora referral? A reputablw firm will be willing to provide you with * What education have you recently completed in your area of expertise??
CPAs who have an active certificate to practicd public accounting are required to complet a specified amount of continuinyg professional education. They receive credit by attendingb courses, writing articles or * What computer programs do you prefer your clients to use forrecord keeping? Using a program the CPA is familiar with can save time and money on your A firm also should be able to help you in settint up and maintaining computerized bookkeeping. In addition to obtaining this you should also look for a CPA who fitsyour personality. Some people want their CPA to beall business, whilr others prefer a lighter approach.
"It'sa important that the chemistrybe there," Williamson "There shouldn't be anything uncomfortable about working with a CPA. If there is, then move on to somebod y else." DeWitt agrees. "Since open and frequentf communication is often the key ingredient ina relationship, it shouldr be considered with equal importance as experience and ability, DeWitt says. "There are tens of thousands of CPA firmin America. That means there is most definitely a CPA out thersfor you.
"
Thursday, September 13, 2012
Anchor BanCorp amends credit pact - Kansas City Business Journal:
takes-trendsthe.blogspot.com
Under the terms of the amendment, the maturity date on Anchor’ balance of the $116.3 million loan has been extendexd for afull year, and is now May 31, and no principal payment is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said “The significant additional time affordedc by the amended terms of the loan agreement providee us an opportunity to work our financiaol strategy to achieve fulfillmenft of the conditions of our line of credit,” said Doug chairman and CEO. Timmerman said Anchor executivee believe the amendmentwith U.S. Bank will assist Anchof with plans to raiseadditional capital.
Anchor BanCorpo in March had reached an agreemeny to extend the due date for the credigtwith U.S. Bank until near the end of May. The extensiobn relieved Anchor BanCorp from reducinygits $116.3 million debt on the line of credit to $60 millioj to meet an automatic principao reduction of the loan commitment. If Anchore had not paid the U.S. Bank, could have seized Anchort BanCorp in aforeclosure proceeding.
AnchorBank fsb has 74 full-service officex and two loan origination-only offices, all in
Under the terms of the amendment, the maturity date on Anchor’ balance of the $116.3 million loan has been extendexd for afull year, and is now May 31, and no principal payment is due prior to the maturity Madison-based Anchor (NASDAQ: ABCW) said “The significant additional time affordedc by the amended terms of the loan agreement providee us an opportunity to work our financiaol strategy to achieve fulfillmenft of the conditions of our line of credit,” said Doug chairman and CEO. Timmerman said Anchor executivee believe the amendmentwith U.S. Bank will assist Anchof with plans to raiseadditional capital.
Anchor BanCorpo in March had reached an agreemeny to extend the due date for the credigtwith U.S. Bank until near the end of May. The extensiobn relieved Anchor BanCorp from reducinygits $116.3 million debt on the line of credit to $60 millioj to meet an automatic principao reduction of the loan commitment. If Anchore had not paid the U.S. Bank, could have seized Anchort BanCorp in aforeclosure proceeding.
AnchorBank fsb has 74 full-service officex and two loan origination-only offices, all in
Wednesday, September 12, 2012
BLS, Robert Half: Unemployment low for PR managers, budget analysts, lawyers - Atlanta Business Chronicle:
jabire2389.blogspot.com
Overall, nationally, for the montnh of June, joblessness stood at 9.5 Looking at the situation byjob category, however, the averages unemployment rate across all job classificationw is 8.5 percent. In dozens of job however, the figures are well belos that, according to survey by the professional staffinyg firmof . For budge analysts, for example, the unemployment average now standsat 1.1 percent; for 2.3 percent, same as for financial compliance officers; for 3.9 percent; and for PR managers, a minusculde 0.1 percent. Joblessness for accountants now standsat 5.3 for computer and information systems 6.3 percent; and for credit analysts, 5.2 percent, accordingf to the Robert Half survey.
Overall, nationally, for the montnh of June, joblessness stood at 9.5 Looking at the situation byjob category, however, the averages unemployment rate across all job classificationw is 8.5 percent. In dozens of job however, the figures are well belos that, according to survey by the professional staffinyg firmof . For budge analysts, for example, the unemployment average now standsat 1.1 percent; for 2.3 percent, same as for financial compliance officers; for 3.9 percent; and for PR managers, a minusculde 0.1 percent. Joblessness for accountants now standsat 5.3 for computer and information systems 6.3 percent; and for credit analysts, 5.2 percent, accordingf to the Robert Half survey.
Tuesday, September 11, 2012
Macy's puts downtown Minneapolis office space up for lease - Minneapolis / St. Paul Business Journal:
lebexab.wordpress.com
The listing includes 350,000 square feet on floors six throug 10 abovethe Macy’s store on Nicollet being marketed by Jim Damiani and Bryanj Beltrand at Welsh Cos. for Macy’s Inc. The Macy’x site, once home to Dayton-Hudson Corp., was largeluy emptied last fallwhen Cincinnati-based Macy’ds cut about 1,000 jobs in The Macy’s space enjoys a prime location — Welsh’s Damiani termexd it a “main-and-main” site. However, it is an older building with some accessibility issues forthe office-space Macy’s is sandwiched between City Center and IDS near Target and Barnes & Noble and across from the headquarters for U.S. Bancorp.
The floors being offered can be accessedx by escalatorsand elevators, but firstr require people to walk through Macy’s department store Damiani declined to say if Macy’s planned to invesr any money for renovations prior to landingb tenants. A Macy’s spokeswoman declined to The space available for lease is on floorx sixthrough 10, except for an eighth-flooe auditorium that Macy’s plans to keep for its annual holiday display. The retailer also plans to keep its restaurants operatinfg on the 12th Damiani said. Damiani acknowledged that the space has drawbackxsfor access.
He said he’s “really bullish” that the spaces will lease quickly, as Macy’s plans to seek out price-conscious, back-office -typse users. There aren’t many blocks of space in downtown that have morethan 200,000o square feet of contiguous he added. Damiani said Macy’s would prefee to lease the entire spacd to one or morelarge tenants, but it is willing to cut up the spac e to accommodate smaller ones. It recently responded to a request for proposals from a tenant looking foronly 10,000 square feet.
The listing includes 350,000 square feet on floors six throug 10 abovethe Macy’s store on Nicollet being marketed by Jim Damiani and Bryanj Beltrand at Welsh Cos. for Macy’s Inc. The Macy’x site, once home to Dayton-Hudson Corp., was largeluy emptied last fallwhen Cincinnati-based Macy’ds cut about 1,000 jobs in The Macy’s space enjoys a prime location — Welsh’s Damiani termexd it a “main-and-main” site. However, it is an older building with some accessibility issues forthe office-space Macy’s is sandwiched between City Center and IDS near Target and Barnes & Noble and across from the headquarters for U.S. Bancorp.
The floors being offered can be accessedx by escalatorsand elevators, but firstr require people to walk through Macy’s department store Damiani declined to say if Macy’s planned to invesr any money for renovations prior to landingb tenants. A Macy’s spokeswoman declined to The space available for lease is on floorx sixthrough 10, except for an eighth-flooe auditorium that Macy’s plans to keep for its annual holiday display. The retailer also plans to keep its restaurants operatinfg on the 12th Damiani said. Damiani acknowledged that the space has drawbackxsfor access.
He said he’s “really bullish” that the spaces will lease quickly, as Macy’s plans to seek out price-conscious, back-office -typse users. There aren’t many blocks of space in downtown that have morethan 200,000o square feet of contiguous he added. Damiani said Macy’s would prefee to lease the entire spacd to one or morelarge tenants, but it is willing to cut up the spac e to accommodate smaller ones. It recently responded to a request for proposals from a tenant looking foronly 10,000 square feet.
Sunday, September 9, 2012
ConAgra building on track to be last one standing among condos - Tampa Bay Business Journal:
hyperwave-exhausted.blogspot.com
is one of the last holdouts withinn theChannel District's ongoing redevelopment and could eventuallyg be surrounded by high-end condominiukm homes. ConAgra, which operates in a 67-year-olfd industrial building along South Nebraska Avenue just northu ofthe , still mills the key ingredieny to the loaves commonly foundc in local supermarkets, and isn't all that concerned aboutt scoring some bread of its own. Despite years of pressured by city officials and real estatde developers to sell theprized 3-acre it's business as usual at the 40-employee operation.
"There have been redevelopmentr ideas floated in the past involving our but at thistime we're not in discussions with anyonew about that," said Bob McKeon Jr., a spokesmajn at ConAgra's headquarters in Omaha, Neb. Tampaa leaders had approached ConAgra regarding relocation in past yeards as the Channel District has converted from largely industria l and warehouse use to retailand entertainment. They had also talkeds with CSX about moving rail lines that servse the plant yet cut off access to partse ofthe area, making traffic and access difficul for motorists. As is the case now, ConAgra'z answer has always been no.
"We are very this is a growing and the population center here will continue to Bart Hahlweg, plant manager in told the then. "We want very much to stay a part of the Floridasbusiness cycle." The cost of convincinv ConAgra to move has risen almost as quicklu as yeast in recent years, with the taxabler value of the Tampa mill now listed at nearlg $1.8 million in Hillsborougyh County property records.
Based on recentr prices paid for downtownTampa land, the site could go for as much as $17 according to real estate brokers' Whoever eventually bids for the ConAgra property wouldx have to pony up severalp million dollars more for the company's moving costs or even for buildin g a new mill at another also an expensive proposition givejn increasing costs for construction materials. ConAgrw (NYSE: CAG) declined to say what it wouldr cost to replace its mill but in it told the Business Journal the price tag would be somewherebetween $25 million and $40 million. "Thids is not an asset we are just goingt to walkaway from," said Hahlweg.
Commercial real estated observers say no decision would be the best decisiobfor ConAgra, the only remainingy active industrial plant in downtown "ConAgra is sitting in a very good positiomn as to everything going on around them," said Brian VP with who specializes in industria l properties. The company might be motivated to movelater on, dependingg on the success of surrounding condol projects, Rettig said. Economic development leaders suggesf ConAgra's flour mill might be better suited in a locationb more accessible to the bakerieesit serves, namely in the Bay area's largest commerciaol bread maker.
Butterkrust recently completeda $17-million expansion for increaseds production of buns and rolls. The 40,000-square-foo t addition to its currenty 200,000-square-foot facility is scheduled to open inearly May. McKeonn said the ConAgra mill suppliese flour to numerous Bay area bakeries but declined to disclose any of its currentt customers forproprietary reasons. The ConAgra plant was built in 1938by then-owner and is recognized as the largest flour mill in Florida. It produces 1.4 million pounds of flour each day, McKeon said. The area surroundinbg the plant has been cleaned up over the yearsthroughy redevelopment, including demolition of dilapidated warehouses.
Amid those changes, ConAgr a appears to have no problems operatin within itscurrent
is one of the last holdouts withinn theChannel District's ongoing redevelopment and could eventuallyg be surrounded by high-end condominiukm homes. ConAgra, which operates in a 67-year-olfd industrial building along South Nebraska Avenue just northu ofthe , still mills the key ingredieny to the loaves commonly foundc in local supermarkets, and isn't all that concerned aboutt scoring some bread of its own. Despite years of pressured by city officials and real estatde developers to sell theprized 3-acre it's business as usual at the 40-employee operation.
"There have been redevelopmentr ideas floated in the past involving our but at thistime we're not in discussions with anyonew about that," said Bob McKeon Jr., a spokesmajn at ConAgra's headquarters in Omaha, Neb. Tampaa leaders had approached ConAgra regarding relocation in past yeards as the Channel District has converted from largely industria l and warehouse use to retailand entertainment. They had also talkeds with CSX about moving rail lines that servse the plant yet cut off access to partse ofthe area, making traffic and access difficul for motorists. As is the case now, ConAgra'z answer has always been no.
"We are very this is a growing and the population center here will continue to Bart Hahlweg, plant manager in told the then. "We want very much to stay a part of the Floridasbusiness cycle." The cost of convincinv ConAgra to move has risen almost as quicklu as yeast in recent years, with the taxabler value of the Tampa mill now listed at nearlg $1.8 million in Hillsborougyh County property records.
Based on recentr prices paid for downtownTampa land, the site could go for as much as $17 according to real estate brokers' Whoever eventually bids for the ConAgra property wouldx have to pony up severalp million dollars more for the company's moving costs or even for buildin g a new mill at another also an expensive proposition givejn increasing costs for construction materials. ConAgrw (NYSE: CAG) declined to say what it wouldr cost to replace its mill but in it told the Business Journal the price tag would be somewherebetween $25 million and $40 million. "Thids is not an asset we are just goingt to walkaway from," said Hahlweg.
Commercial real estated observers say no decision would be the best decisiobfor ConAgra, the only remainingy active industrial plant in downtown "ConAgra is sitting in a very good positiomn as to everything going on around them," said Brian VP with who specializes in industria l properties. The company might be motivated to movelater on, dependingg on the success of surrounding condol projects, Rettig said. Economic development leaders suggesf ConAgra's flour mill might be better suited in a locationb more accessible to the bakerieesit serves, namely in the Bay area's largest commerciaol bread maker.
Butterkrust recently completeda $17-million expansion for increaseds production of buns and rolls. The 40,000-square-foo t addition to its currenty 200,000-square-foot facility is scheduled to open inearly May. McKeonn said the ConAgra mill suppliese flour to numerous Bay area bakeries but declined to disclose any of its currentt customers forproprietary reasons. The ConAgra plant was built in 1938by then-owner and is recognized as the largest flour mill in Florida. It produces 1.4 million pounds of flour each day, McKeon said. The area surroundinbg the plant has been cleaned up over the yearsthroughy redevelopment, including demolition of dilapidated warehouses.
Amid those changes, ConAgr a appears to have no problems operatin within itscurrent
Saturday, September 8, 2012
Humana settles patent lawsuit with Ronald A. Katz Technology, signs licensing agreement - Business First of Louisville:
bengeyqafiba1640.blogspot.com
Financial terms of the settlement and the licensing agreement were not Katz filed the lawsuit againstr Humana and other companies in August 2006in U.S. District Courtr for the Eastern District of The nonexclusive licensing agreement allows Humana and its subsidiariesd touse Katz’s automatex interactive technology applications for automated telephone systems that will provider the health insurer’s customers with 24-hourt access to speech-recognition-based claim information, identification card orderinb services, insurance coverage information and pharmacy More than 275 corporations are using the Katz technology, includinh , , .
, , , , , and Louisville-basef Humana is one of the nation’as largest health insurers, managing health benefits for about 10.6 million members.
Financial terms of the settlement and the licensing agreement were not Katz filed the lawsuit againstr Humana and other companies in August 2006in U.S. District Courtr for the Eastern District of The nonexclusive licensing agreement allows Humana and its subsidiariesd touse Katz’s automatex interactive technology applications for automated telephone systems that will provider the health insurer’s customers with 24-hourt access to speech-recognition-based claim information, identification card orderinb services, insurance coverage information and pharmacy More than 275 corporations are using the Katz technology, includinh , , .
, , , , , and Louisville-basef Humana is one of the nation’as largest health insurers, managing health benefits for about 10.6 million members.
Friday, September 7, 2012
St. Louis banks
ramoledef.blogspot.com
Twenty of 24 banks chartere here and tracked quarterly by the Business Journa own more real estate as a resuly of foreclosures than they did ayear ago, the most recent filingzs show. Collectively through the firs quarter, the 24 banks recorded $139.r million in foreclosed real estate, classifiecd as “other real estate owned,” up from $94.21 million a year earlier an increase of48 percent. In addition, seven banksw reported that more than 3 percent of their tota loansare noncurrent, or nonperforming, which is consideree poor. Once a loan is nonperforminbg — 90 days or more past due a bank can no longer recognize itsinteresy income.
Last year in the same quarter, ended March 31, only two of the 24 bank s reported more than 3 percen t innonperforming loans. The seven banks are , 3.08 , 3.17 percent; & 3.30 percent; , 3.37 percent; , 3.41 PrivateBank, 4.26 percent; and , with a whoppingv 10.42 percent. Truman’s percentagr is unusually high because it had an unusuallyg large number of problemloans — so large that the orderexd it to revamp its management and operations. “Until we can work the problem loans throughthe we’re going to have a swollen said Bill Kling, who was appointe Truman’s president last month.
“The key is to make sure theres are few or no bad loans enterinbgthe pipeline.” At Pulaski, many residential real estat e loans have been modified and restructureds with lower rates or extensions of the amortization said Gary Douglass, chief executive. “A significant portion of thesrloans — in excess of 80 percent — are currenty and performing in accordance with their modifiedf terms, even though for reporting purposes we are required to continuw to classify them as nonperforming for 12 monthse after the modification.” Nonperforming loans of less than 1 percenrt are considered good. Seven banks achieved that in the down from 12 ayear earlier.
The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwesyt BankCentre, 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivew atSouthern Commercial, said his customerse have had the money to pay theidr loans — so far. “But we also have more customers runningv outof resources.” The remaining 10 banks reportedx nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 “In the early 1980s when savings and loansd were dropping like flies, 3 percent of loanzs being past due would get you onto a problejm bank list with the if you were low on capital or weak on said Dan Hogan, a St.
Louis banking consultany and formerbank examiner. The lists are not made Only four of the bankds had less foreclosed real estate than ayear ago. They are Eagles Bank, Pulaski Bank, The Bank of Edwardsville and theBusinesw Bank. The foreclosures are not unexpected, given the collapsed of the realestate market. The combination of fewe peoplebuying homes, residential developers stuck with large inventories and declines in commercial real estate values as retail sales plummet mean that fewer borrowers can make theirt payments. In fiscal 2008, other real estate owne jumped 50 percent at the24 banks.
And it’ws important to note that the properties have been marked down to prices that banks feel confident theycan recover. “But the trend is clearly a deteriorating qualityof assets,” said Jim Wagner, chiefr executive of & Trust. Parkside, which launcheds only last year. Parkside isn’t one of the banks in the survey and has zerononperforming “Until the trend stops getting there is no reason to expect the industr y at large to get any better.” The community banka surveyed, chosen as a sample to gauge the state of St. Louis banking, vary widelu in size, ranging from , with $6.5 billion in to Rockwood Bank, with $352 million.
Amont six much larger national and regionao banks tracked quarterly by the Business only UMB had nonperforming loans of less than 1percenyt — 0.52 percent through the first quarter, up from 0.21 percentt a year ago. Thre had percentages higher than3 , 5.41 percent; , 4.34 and U.S. Bank, 3.37 percent. was the only one of the six with less foreclosexd real estate than ayear ago, $8.7 millionn compared with $10.6 million. First Banks had the biggesrt jump, from $13.2 million in other real estat owned a year agoto $145.8 milliomn this year.
First Banks, which has locationsz in five states, was hit especiallyh hard by the real estate collapse in Californis and Florida and has been working througjh problem loansfor months. Terry McCarthy, presidentg and chief executive, has emphasizedd that the bank’s total risk-basecd and Tier 1 capital ratios were better than the guidelinesregulators recommend.
Twenty of 24 banks chartere here and tracked quarterly by the Business Journa own more real estate as a resuly of foreclosures than they did ayear ago, the most recent filingzs show. Collectively through the firs quarter, the 24 banks recorded $139.r million in foreclosed real estate, classifiecd as “other real estate owned,” up from $94.21 million a year earlier an increase of48 percent. In addition, seven banksw reported that more than 3 percent of their tota loansare noncurrent, or nonperforming, which is consideree poor. Once a loan is nonperforminbg — 90 days or more past due a bank can no longer recognize itsinteresy income.
Last year in the same quarter, ended March 31, only two of the 24 bank s reported more than 3 percen t innonperforming loans. The seven banks are , 3.08 , 3.17 percent; & 3.30 percent; , 3.37 percent; , 3.41 PrivateBank, 4.26 percent; and , with a whoppingv 10.42 percent. Truman’s percentagr is unusually high because it had an unusuallyg large number of problemloans — so large that the orderexd it to revamp its management and operations. “Until we can work the problem loans throughthe we’re going to have a swollen said Bill Kling, who was appointe Truman’s president last month.
“The key is to make sure theres are few or no bad loans enterinbgthe pipeline.” At Pulaski, many residential real estat e loans have been modified and restructureds with lower rates or extensions of the amortization said Gary Douglass, chief executive. “A significant portion of thesrloans — in excess of 80 percent — are currenty and performing in accordance with their modifiedf terms, even though for reporting purposes we are required to continuw to classify them as nonperforming for 12 monthse after the modification.” Nonperforming loans of less than 1 percenrt are considered good. Seven banks achieved that in the down from 12 ayear earlier.
The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwesyt BankCentre, 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivew atSouthern Commercial, said his customerse have had the money to pay theidr loans — so far. “But we also have more customers runningv outof resources.” The remaining 10 banks reportedx nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 “In the early 1980s when savings and loansd were dropping like flies, 3 percent of loanzs being past due would get you onto a problejm bank list with the if you were low on capital or weak on said Dan Hogan, a St.
Louis banking consultany and formerbank examiner. The lists are not made Only four of the bankds had less foreclosed real estate than ayear ago. They are Eagles Bank, Pulaski Bank, The Bank of Edwardsville and theBusinesw Bank. The foreclosures are not unexpected, given the collapsed of the realestate market. The combination of fewe peoplebuying homes, residential developers stuck with large inventories and declines in commercial real estate values as retail sales plummet mean that fewer borrowers can make theirt payments. In fiscal 2008, other real estate owne jumped 50 percent at the24 banks.
And it’ws important to note that the properties have been marked down to prices that banks feel confident theycan recover. “But the trend is clearly a deteriorating qualityof assets,” said Jim Wagner, chiefr executive of & Trust. Parkside, which launcheds only last year. Parkside isn’t one of the banks in the survey and has zerononperforming “Until the trend stops getting there is no reason to expect the industr y at large to get any better.” The community banka surveyed, chosen as a sample to gauge the state of St. Louis banking, vary widelu in size, ranging from , with $6.5 billion in to Rockwood Bank, with $352 million.
Amont six much larger national and regionao banks tracked quarterly by the Business only UMB had nonperforming loans of less than 1percenyt — 0.52 percent through the first quarter, up from 0.21 percentt a year ago. Thre had percentages higher than3 , 5.41 percent; , 4.34 and U.S. Bank, 3.37 percent. was the only one of the six with less foreclosexd real estate than ayear ago, $8.7 millionn compared with $10.6 million. First Banks had the biggesrt jump, from $13.2 million in other real estat owned a year agoto $145.8 milliomn this year.
First Banks, which has locationsz in five states, was hit especiallyh hard by the real estate collapse in Californis and Florida and has been working througjh problem loansfor months. Terry McCarthy, presidentg and chief executive, has emphasizedd that the bank’s total risk-basecd and Tier 1 capital ratios were better than the guidelinesregulators recommend.
Wednesday, September 5, 2012
Letters to the Editor - Birmingham Business Journal:
vidineevostegity.blogspot.com
Why was this section included in ourconstitution ? Section 93 was brought forward from the 1875 Constitutionj which was adopted to “redeem” the state from reconstruction and to addres s the desperate economic conditions that existedx then. Also, remember that in 1901 therde wereno automobiles, roads were transportation was either by train or horse and buggyg and there was little interestg in public improvements.
The restrictions of these provisions led to a host of constitutional amendments to allow the state to builcd roadsand bridges; to authorize the statee docks at Mobile; to build hospitals and treatmengt centers; to construct buildings at colleges, universities and public schools; to develop inlande docks; to construct a system of statre parks; to support public libraries and to providwe economic development incentives. Over the years, literalluy hundreds of amendments have been adopted so as to alloe the state to engage in thes important publicimprovement projects.
Simply stated, the 1901 Constitution was inadequat to deal with the realities of the 20th century not to mentionj our worldof 2008. Its prohibitionsw were so narrow and restrictive that state and locap governments could not meet the needs of the Of the over 800 almost half were adopted to relievw the restrictions ofSection 93. The effect of the restrictionas of the 1901 Constitutioj were dramatically illustrated when made its decision to locate a manufacturing facility inTuscaloosa County. An important factor in its decision were commitments to incentives made bystatr leaders.
Imagine their chagrin when they discovered that constitutiona issues about the validity of the commitments existed becausre of the restrictions ofSection 93. Fortunately these concerns weresatisfactorily resolved, but the situation points up the lurkinf pitfalls in this obsolete document. Advocatew of constitutional reform usually make theire case with references to the desirabilityof “home the disgusting racist language of the 1901 its inordinate length or its archaivc language and provisions.
In a very real way the provisionzs restricting the ability of state government to address problemss and take advantage of opportunities may be the most compellingh reason for a new constitution for There has been a lot of news coveragr devoted to the governmenftbailouts lately. It looks like Washington is simply rewarding greedy companie s for bad business decisions and huge payouts toincompetengt CEOs. is the recipient of a taxpayer Apparently, the reward for greed and misbehavioe is agolden parachute, courtesy of us. Neveer once has any insurance company admitted its financiapl troubles are rooted in bad investments and incompetentbusiness decisions.
If you performeed poorly at your job, you woulxd get fired. What happened to AIG’s CEO who was firexd in June? He receivefd $68 million. In the ultimate display of arrogance, AIG’se executives took $400,000 of our money after receiving the to treat themselves to a vacationj at one of the most lavish and exclusive resorte inthe country. Big corporations, like AIG, have taken advantage of all of us. They have pushedf for lax regulations, no oversighy and no accountability. Much of this is becaused of the lobbying ofthe . The U.S. Chamber representx the biggest foreign and domestix corporations andtheir CEOs.
Since these corporations are too afraid to speak out ontheir own, they hide behind the corporatr lobby to do its dirtg work. If there is any situation that show us why we need a strong civil justiced system that holdswrongdoers accountable, this is it. We were lied to and We the people deserve better than thef tand deception. Jeremiah M. Hodges
Why was this section included in ourconstitution ? Section 93 was brought forward from the 1875 Constitutionj which was adopted to “redeem” the state from reconstruction and to addres s the desperate economic conditions that existedx then. Also, remember that in 1901 therde wereno automobiles, roads were transportation was either by train or horse and buggyg and there was little interestg in public improvements.
The restrictions of these provisions led to a host of constitutional amendments to allow the state to builcd roadsand bridges; to authorize the statee docks at Mobile; to build hospitals and treatmengt centers; to construct buildings at colleges, universities and public schools; to develop inlande docks; to construct a system of statre parks; to support public libraries and to providwe economic development incentives. Over the years, literalluy hundreds of amendments have been adopted so as to alloe the state to engage in thes important publicimprovement projects.
Simply stated, the 1901 Constitution was inadequat to deal with the realities of the 20th century not to mentionj our worldof 2008. Its prohibitionsw were so narrow and restrictive that state and locap governments could not meet the needs of the Of the over 800 almost half were adopted to relievw the restrictions ofSection 93. The effect of the restrictionas of the 1901 Constitutioj were dramatically illustrated when made its decision to locate a manufacturing facility inTuscaloosa County. An important factor in its decision were commitments to incentives made bystatr leaders.
Imagine their chagrin when they discovered that constitutiona issues about the validity of the commitments existed becausre of the restrictions ofSection 93. Fortunately these concerns weresatisfactorily resolved, but the situation points up the lurkinf pitfalls in this obsolete document. Advocatew of constitutional reform usually make theire case with references to the desirabilityof “home the disgusting racist language of the 1901 its inordinate length or its archaivc language and provisions.
In a very real way the provisionzs restricting the ability of state government to address problemss and take advantage of opportunities may be the most compellingh reason for a new constitution for There has been a lot of news coveragr devoted to the governmenftbailouts lately. It looks like Washington is simply rewarding greedy companie s for bad business decisions and huge payouts toincompetengt CEOs. is the recipient of a taxpayer Apparently, the reward for greed and misbehavioe is agolden parachute, courtesy of us. Neveer once has any insurance company admitted its financiapl troubles are rooted in bad investments and incompetentbusiness decisions.
If you performeed poorly at your job, you woulxd get fired. What happened to AIG’s CEO who was firexd in June? He receivefd $68 million. In the ultimate display of arrogance, AIG’se executives took $400,000 of our money after receiving the to treat themselves to a vacationj at one of the most lavish and exclusive resorte inthe country. Big corporations, like AIG, have taken advantage of all of us. They have pushedf for lax regulations, no oversighy and no accountability. Much of this is becaused of the lobbying ofthe . The U.S. Chamber representx the biggest foreign and domestix corporations andtheir CEOs.
Since these corporations are too afraid to speak out ontheir own, they hide behind the corporatr lobby to do its dirtg work. If there is any situation that show us why we need a strong civil justiced system that holdswrongdoers accountable, this is it. We were lied to and We the people deserve better than thef tand deception. Jeremiah M. Hodges
Tuesday, September 4, 2012
Albert's Organics to open food distribution facility in Charlotte - Charlotte Business Journal:
polinaagyvtiwu.blogspot.com
On Sept. 14, will open its 43,290-square-foot center at Logisticds PointeDistribution Center, once the home to supermarket chaijn Winn-Dixie’s regional warehouse operations. The facilitu features freezer and cooler space plusa 4,500-square-fooy office. The company will invest more than $2 millionb in improvements at 11922General Drive, employinvg more than 50 construction workers duringf a five-month buildout. The Charlotte location fillas a hole in servicefor Albert’s, whicn has centers in Rocklin and Vernon, Aurora, Colo.; Mounds View, Minn.; N.H.; Bridgeport, N.J.; and Sarasota, Fla.
Companyg spokesman Simcha Weinsteinsays Albert’s will now be able to ship goodse as often as five times per week to customers in seven up from once or twice a week. “Oudr center in Bridgeport outside Philadelphia was just a littler toofar north, and our Sarasota cente r was just a little too far south,” Weinstein Fuel expenses and truck emissions are criticapl issues for the company, he adds. one of the ways we know the economh is improving is gas going up in The company estimates its truck fleet will travel atleast 400,0090 fewer miles annually because of the Charlotte location.
Of even higher priorityh to the company, Albert’s says it will buy from certifier organic growers inthe region. That opend up Carolina farmers’ access to the distributor’s customer base of 4,50p grocers, restaurants and natural-food stores. The number of organic farmerds in the area continues to Last year, the attracted a record 600 attendees at its Sustainabled Agriculture Conference. The Pittsboro group had 37 Charlotte-areaz members in 2008, up from about 15 in 2005. The estimatesx about 500 organic farms inthe state.
Meanwhile, Mecklenburvg and Cabarrus counties are plannint a community food assessment tolearn what’sa grown and consumed locally, says Heidi Mecklenburg environmental policy administrator. Finding buyers is a key issue. Many turn to farmer markets. Mecklenburg County has identifieds 11 within its borders and 12 in surrounding The impactof Albert’s move into Charlotte has the potential to provides a commercial boost to agricultural effortsw in the area. “Will it be transformative? We certainly hope Weinstein says. After all, company namesake Alberrt Lusk got his starr by selling organic produce from a street cornefr in Los Angelesin 1982.
Today, Albert’sx Organics is a whollhy owned subsidiary of publicly traded Weinstein says the Charlotteecenter — the company’s eighth will be its biggest and best, custom-fitted with the latest in refrigerationn equipment. The warehouse boasts areas set to five temperature zonesa and four rooms to be used solelh forbanana storage. And the centetr comes with a new truck The space is bigger thanwhat Albert’zs needs, which gives the companhy room to grow, Weinsteinm says. “So we won’tr have to go anywhere else. Charlotte is a destination pointfor us.” Albert’s has signed a long-term leas at Logistics Pointe.
Up to 147,949 squarew feet of cooler and freezer space is stil available inthe building. Dallas-based Westmount Realthy Capital acquiredthe 1.1 million-square-foort center after Winn-Dixie vacated the properthy following its Chapter 11 bankruptcy filing in 2005. Westmount converted the single-tenant property on 66.3 acrew near the South Carolina state line into the multitenantLogisticsx Pointe, which is also home to Precision Framing Systems. Industrial brokersz Barb Jespersen and Lane Holbert of in Charlotte representex the landlord in negotiationswith Albert’s. Mike Chambers of in Atlanta represented Albert’s.
On Sept. 14, will open its 43,290-square-foot center at Logisticds PointeDistribution Center, once the home to supermarket chaijn Winn-Dixie’s regional warehouse operations. The facilitu features freezer and cooler space plusa 4,500-square-fooy office. The company will invest more than $2 millionb in improvements at 11922General Drive, employinvg more than 50 construction workers duringf a five-month buildout. The Charlotte location fillas a hole in servicefor Albert’s, whicn has centers in Rocklin and Vernon, Aurora, Colo.; Mounds View, Minn.; N.H.; Bridgeport, N.J.; and Sarasota, Fla.
Companyg spokesman Simcha Weinsteinsays Albert’s will now be able to ship goodse as often as five times per week to customers in seven up from once or twice a week. “Oudr center in Bridgeport outside Philadelphia was just a littler toofar north, and our Sarasota cente r was just a little too far south,” Weinstein Fuel expenses and truck emissions are criticapl issues for the company, he adds. one of the ways we know the economh is improving is gas going up in The company estimates its truck fleet will travel atleast 400,0090 fewer miles annually because of the Charlotte location.
Of even higher priorityh to the company, Albert’s says it will buy from certifier organic growers inthe region. That opend up Carolina farmers’ access to the distributor’s customer base of 4,50p grocers, restaurants and natural-food stores. The number of organic farmerds in the area continues to Last year, the attracted a record 600 attendees at its Sustainabled Agriculture Conference. The Pittsboro group had 37 Charlotte-areaz members in 2008, up from about 15 in 2005. The estimatesx about 500 organic farms inthe state.
Meanwhile, Mecklenburvg and Cabarrus counties are plannint a community food assessment tolearn what’sa grown and consumed locally, says Heidi Mecklenburg environmental policy administrator. Finding buyers is a key issue. Many turn to farmer markets. Mecklenburg County has identifieds 11 within its borders and 12 in surrounding The impactof Albert’s move into Charlotte has the potential to provides a commercial boost to agricultural effortsw in the area. “Will it be transformative? We certainly hope Weinstein says. After all, company namesake Alberrt Lusk got his starr by selling organic produce from a street cornefr in Los Angelesin 1982.
Today, Albert’sx Organics is a whollhy owned subsidiary of publicly traded Weinstein says the Charlotteecenter — the company’s eighth will be its biggest and best, custom-fitted with the latest in refrigerationn equipment. The warehouse boasts areas set to five temperature zonesa and four rooms to be used solelh forbanana storage. And the centetr comes with a new truck The space is bigger thanwhat Albert’zs needs, which gives the companhy room to grow, Weinsteinm says. “So we won’tr have to go anywhere else. Charlotte is a destination pointfor us.” Albert’s has signed a long-term leas at Logistics Pointe.
Up to 147,949 squarew feet of cooler and freezer space is stil available inthe building. Dallas-based Westmount Realthy Capital acquiredthe 1.1 million-square-foort center after Winn-Dixie vacated the properthy following its Chapter 11 bankruptcy filing in 2005. Westmount converted the single-tenant property on 66.3 acrew near the South Carolina state line into the multitenantLogisticsx Pointe, which is also home to Precision Framing Systems. Industrial brokersz Barb Jespersen and Lane Holbert of in Charlotte representex the landlord in negotiationswith Albert’s. Mike Chambers of in Atlanta represented Albert’s.
Sunday, September 2, 2012
F.N.B. appoints Campbell as chairman - Business First of Louisville:
tatyanagepoji.blogspot.com
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and serves on severalp committees. He has been a director since 1975. “Bil l is one of our longes t serving and mostdedicated directors,” Gurgovits said in a statement. F.N.B. previously said it would appoint a new chairman to enable Gurgovitsw to focus on his corporate responsibilities and to confornmto F.N.B.’s corporate guidelines. Gurgovits, who has worked at for 48 years, had take the chairman role in April 2008 when Robert New was named CEO and president after anearly two-year search.
New resigned 10 months latetr and Gurgovits stepped back in on an interim basis He accepted the post fulltime onJune 2. is based in Hermitage, north of Pittsburgh, and had assets of $8.5 billiohn as of March 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead director and serves on severalp committees. He has been a director since 1975. “Bil l is one of our longes t serving and mostdedicated directors,” Gurgovits said in a statement. F.N.B. previously said it would appoint a new chairman to enable Gurgovitsw to focus on his corporate responsibilities and to confornmto F.N.B.’s corporate guidelines. Gurgovits, who has worked at for 48 years, had take the chairman role in April 2008 when Robert New was named CEO and president after anearly two-year search.
New resigned 10 months latetr and Gurgovits stepped back in on an interim basis He accepted the post fulltime onJune 2. is based in Hermitage, north of Pittsburgh, and had assets of $8.5 billiohn as of March 31.
Saturday, September 1, 2012
Norwich holds Tottenham to draw - ESPN
ycoguqi.wordpress.com
Norwich holds Tottenham to draw ESPN Tottenham conceded a late equalizer for the second week running as Andre Villas-Boas' wait for his first win in charge continued after a 1-1 draw with Norwich. After a hugely disappointing performance in the first hour, Moussa Dembele thought he had ... |
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