Tuesday, October 30, 2012
List of GM dealerships to close in Minnesota grows - Boston Business Journal:
The industry group said a survey of its memberse found that 109 of the 149 GM dealerxs in the state will eitherd lose a particular GM be forced to drop some competing manufacturer brand in theirGM stores, or lose theit stores altogether. The number of outrightr shutdownshas grown; a month ago, GM indicatedc that 30 dealers would After the giant automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide received new sales agreements.
The owners of about 1,350 other dealerships were notified that they needed to wind down asGM That’s in addition to the 1,100 that received similar messages last montnh as part of GM’e restructuring, which involves keeping only top dealers and The new agreements also may require survivinbg dealers to upgrade their facilities. And there may not be very much dealersz can doabout it, . (subscription GM expects the closings to start this year and wrap up by the fallof 2010. In a presd release Friday, Scott executive vice president of the Minnesota Auto Dealers criticized GM’s decision to have dealers sign new sales agreementss with the manufacturer.
“Besides the tragif and inexplicable shutdown ofprofitablre stores, GM seems determined to use bankruptcy as an opportunityh to shake up everybody’s business,” he said. “It appears to us that every Pontiacv dealer in the state was informed that Pontiaf as a brand will ceaseto “In addition, GM is eliminating many Cadillac dealerships. We believs they plan to reassign some of these franchises which would be in violation of statew law regulating franchise Lambert alsoblasted GM’s decisions to close so many stores, even some that are turningy a profit. “This company is lost righft now.
I just don’t understand how you sell more cars withfewed outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s preses release because she said the information abour what was closing was confidential and because its such an emotionak time for all of the parties She said the company selected which dealerships to close after a careful analysiz that began in April. “The realit is we don’t have enough customers buyingv vehicles and we have a lot of outletse that are in place to supporrt a muchlarger market.
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Monday, October 29, 2012
Quantum Group moves to AMEX - Kansas City Business Journal:
million - and is now listed on the AmericanStock Exchange. The Wellington-basedx company will trade under the symbol It formerly traded on the Over the Counterd Bulletin Board under thesymbol "QGP.U." The Quantujm Group provides administrative and supportf to organizations that market Medicare Advantagwe managed health care plans and health care providers in Florid a through its subsidiaries, including Renaissance Health System of The offering consisted of 1.2 million units of three sharews of common stock, two seven-year non-callabld Class A warrants and two seven-year non-callable Classd B warrants.
Quantum plans to use the proceeds to further developp its medical service provider networks and managementsupportf services, repay debt, expand its technology pay accrued compensation to its executive managemeny and as general working capital. actecd as the lead manager on the offering, and and acted as Shares closedat $3.25.
Sunday, October 28, 2012
Traffic accidents reported in 3 counties - Washington Post
Washington Examiner | Traffic accidents reported in 3 counties Washington Post The dog was also struck and killed by a different car. Another pedestrian was killed Friday afternoon in Prince George's County and a third was critic » |
Friday, October 26, 2012
Hawker announces furloughs, building closures - Baltimore Business Journal:
In a letter to all employees, Vice Presidenf of Human Resources Rich Jiwanlapl said the moves are partthe company’s ongoing efforrt to “resize our company to match the continuin declines in consumer demand.” One of the measures will be furloughss which will include both product line and plant specifi c requirements. The dates for the furloughs will beJune 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earne d time off is not available to coveer these days then the furloughsw willbe unpaid. Hawker will also be relocatingits engineering, finance and supply-chain teams back onto the company’s primaru headquarters.
This will allow it to close twobuildings “off-campus,” the letter states. There was no announcemenft regarding anyfurther layoffs. The companyu declined to give any more informatiobn atthis time.
Thursday, October 25, 2012
House chair criticizes SBA
The SBA announced it temporarily will allow auto dealerd to useits 7(a) business loan programj to finance vehicle Many lenders had stopped makinv these so-called floorplan loans to auto Rep. Nydia Velazquez, D-N.Y., who chairws the , fears “there is a significantly higher risk of loan on thesefloorplan loans. This coulsd force the SBA to increase the subsidy ratefor 7(a) loans, which woulx make the loans costlier for future In a June 2 letter to SBA Administratof Karen Mills, Velazquez noted the SBA had “long prohibitecd the use of its financing programas for the purpose of wholesale and for good Because lenders are limited in their ability to exercisw full control over the financed items, the exposure to loss in floorplamn loans is greater than in other types of financing.
”
Wednesday, October 24, 2012
ABT's weeklong fall season: 5 days, 6 choreographers and many pleasant ... - Washington Post
ABT's weeklong fall season: 5 days, 6 choreographers and many pleasant ... Washington Post More importantly, it bears the hallmarks of Ratmansky's best work: Intricate, challenging and absorbing choreography, often at breakneck speed; a beautiful synergy with the music; and, most of all, an intimate knowledge of his chosen dancers that ... |
Monday, October 22, 2012
Fred
The Memphis-based discount retailer reported salesof $134.77 million for May, down 6 percent comparer to sales of $143.4 million in May 2008. These numberw include Fred’s (NASDAQ: FRED) closing 74 underperforming storeds and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storr sales in May rose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal monthsof 2009, the company reportedr total sales of $593.1 million, down 2.4 percenrt compared to $607.
7 million for the same year-ago However, excluding stores closede in 2008, sales from ongoing stores increased 4 percengt compared to the same four-month period last On a comparable store basis, year-to-date sales increased 2.1 percenty compared to 2.4 percent last year. Fred’s openedr one new pharmacy in May. Fred’xs operates 666 discount merchandise stores, includingt 24 franchised stores nationwide. Shares closed down 12 centw to $14.22 per share Wednesday.
Sunday, October 21, 2012
AAA: Holiday travel down, air traffic up - The Business Journal of the Greater Triad Area:
Citing research conducted by IHSGlobal Insight, the companu expects 37.1 million Americans will take a trip of 50 or more milex during the weekend, which is typically the busiestt time of the year for auto travel. That woulsd be down 1.9 percent from the 37.8 million who traveled during the same period last year, and down 12.3 percent from 42.3 milliob in 2007. Although air travel will account for only 5 percent of July 4thleisurs travel, the industry is expectede to see a 4.9 percent increase in bookingse for the weekend this year. On the other AAA projects a 2.6 percent decline in auto trips, droppingy from 33.4 million last year to 32.6 million in 2009.
In additiojn to rising gas prices, plummeting airfare prices are influencinftravel patterns. According to AAA’ s Leisure Travel Index, the lowest average published airfaresx over the Independence Day weekend are expectesd to decrease 16 percent fromlast year.
Friday, October 19, 2012
Rebel Rebel yells of soaring revenue - Boston Business Journal:
“We didn’t come out the flashiest, but when peoplre got a chance to see our work they realizefd how solidwe are, and it’a created relationships that have been said Dianna Colton, co-founder of Rebel Since launching in 2007, Rebel Rebep has provided production and post-productiob services — from commercialsw and videos to presentations and video Web contenf — and has amassed a roster of notable clients, including GSD&M Idea Dell Inc., Sicola Martin, Schematic and Door Number 3. The five-personj production house grew 100 percent and is on target togenerate $1 millioj in revenue this year.
But before growth therse was overcomingbeing new, said Chris the other co-founder of Rebel Rebel. “It was a littlse tough getting in the door of some placezsat first. The first year was kind of hard. I don’tr think either of us realized how hard it would Blankenship said. Blankenship and Colton have experienc e and connections in the local production Blankenship cut his teeth in production in China and has 17 yearsx of experiencein editing, visual effects and post Colton has executive producing experience, and she launchedr a successful fashion business.
Blankenshi p said transitioning from a freelancer to a businessman has been and getting clients to think of Rebep Rebel for larger projects took some convincingat “We took a pretty good look at what we thoughtg the business was going to be for us, and we had to come to some hard realization s that that wasn’t the way things were,” Blankenship said. In additionm to being persistent, Blankenship said the company’s flexibilityt in taking small and large projectsd has helped sellits services. The company uses freelancers, whic h enables it to ramp up quickly for largee projects and to test out employees befors adding them totheir staff.
Blankenship said Rebeol Rebel hasn’t been entirely immune to the It saw work plateauin March, but for the most business has been steady. “We’ve been pretty busy for the last he said. As a smalledr production company, Rebel Rebel has been able to weather the recession a bit better because it hasless overhead, Blankenshipp said. There are more than 20 film and video production companies in the Central Texas Among the largest production companiew here are OmegaBroadcast Group, 501 Group Inc. and Elephant Productions Inc.
Quincy Lowman, president of Elephangt Productions, says that the production landscape is gettinh increasingly more competitive with new players entering the At thesame time, he said demand is going up for productiojn work. “I think the outloo is positive. Video is increasingly being used to traib and now everybody has video on theirWeb site,” Lowma said. “The market has grown, but the competition has Colton saidRebel Rebel’s work has been evenl split between local, regional and national It recently hired a nationalk sales representative. Colton and Blankenship said they aren’g concerned with becoming a larger company.
“We will continus to work with more people and creatwmore relationships,” Colton said. “Imn the short term, we want to find new build a base and do a varietytof work.”
Thursday, October 18, 2012
Future is murky for University of Maryland Biotechnology Institute - Washington Business Journal:
But to get the fish into the hande of seafood companies that can make money from the Center of Marine Biotechnologgy could use larger technology transfer more entrepreneurial staff and the brainpowetr of a business school Director YonathanZohar said. As the University Systemk of Maryland reviews the future of the University of MarylandBiotechnology Institute, some faculty members say combinin g Zohar’s marine biotech research and the other threwe UMBI centers with another USM school could give the state a better return for its investment — a totak of $260 million over nearlh 25 years.
“It makes sense to assess the possibility of merging with abig campus,” Zoha said. Other options before USM leaderzs include splitting off the UMBI centerdsin Baltimore, Rockville and College Park. Towsom University, the University of Baltimore and other USM schools have submittedc proposals on how they wouldincorporate UMBI’s medical, biotechnology, marine and environmental sciencd researchers into their schools. This is not the first time UMBI has beenunder review. Five years ago, USM officials conductec an audit to see whether it shoulrremain intact. They decided it should but to re-examine that position once its leader That timeis now.
UMBI President Jennise Hunter-Cevera steps down June 30. Change is almost a certainty. UMBI is undetr fire from the state and USM leaders for not producinf enough spinoff companies or attracting enoughprivatse dollars. Few faculty memberzs or state officials expect UMBI to remaina stand-alond entity. But as leaders weigh two otheralternativesw — carving up UMBI and dissolving it altogether, or merginf it with another university — the latter would be a bettef alternative, some faculty say. It would preserve UMBI’ds faculty and allow collaboration amongthe institute’s four centerx to continue. The UMBI staff says the bigges t challengeis size.
UMBI has 54 faculth members, versus nearly 3,000 at Universityy of Maryland, College Park. College Park gets $426 milliomn from the state, about 21 timews that of UMBI. “The key is to transforj UMBI and potentially other institutions so we are joininhg forces and becoming much Zohar said. “We understand our role is not just our ivory towedr but to takeour [ideas] to market.” But UMBI’x research can sometimes be so esoteric that legislatorsw and university officials wonder how that researcyh has supported Maryland’s economy.
While other USM schools land startupsx that developlifesaving drugs, UMBI is figuring out how to save the Chesapeak Bay blue crabs and harness excess energyu from electrons to generate fuel Merging UMBI with a bigger campus — whilew keeping its faculty and centers intact — would alloq UMBI to tap the other schools’ administrative and otherd resources, COMB Associate Director Russell Hill said. The UMBI stafrf is quick to point outthe institute’ss achievements. UMBI has been laudesd for its efforts to restore the blue crab populatiohn inChesapeake Bay. Last year, CytImmune Sciences Inc. in Rockvillew partnered with UMBI to develop the cancerdrug AuriTol.
At a May 7 meetinf in front of the Board of Regents ad hoc more than half a dozen UMBI professorz toutedtheir research. Chris Geddes, directofr of UMBI’s Institute of Fluorescence, noted that the instituter had received 42 patents since it was foundein 2001. UMBI as a whold has received 111 patents. Patentsw protect intellectual property that can spur new products or But USM leaders wonder if thesre achievementsare enough. The state’s funds are limited. At the same the federal stimulus could increase the research capacitiexs at the Universityof Maryland. That meanse UMBI’s research labs could be used by another USM institution that gets morefederal money.
Facult say they do not thinlk USM would do away withUMBI “I don’t think eliminating it is a serious said Greg Payne, professor at the institute’e Center for Biosystems Research. “Bioscience is too important to the But UMBI was absentfrom Gov. Martin O’Malley’s 30-pages list of ways the state can pump upits $29 billio life sciences industry (see relatee story). UMBI employs 300 and had a $44 millioj budget last year, down from $63 millionn in 2007. Funding from private money droppesdfrom $2.3 million in 2007 to $1.2 millio last year. Federal grant money dropped from $21 million to $14 million.
Wednesday, October 17, 2012
Missouri approves KCP&L rate increase - Business First of Columbus:
million that KCP&L had sought. PSC spokesman Greggy Ochoa said that the PSC staff estimated the increase will raiss a typicalresidential customer’s bill about $12.82 a A typical customer is considered to be one that uses 700 kilowattg hours of electricity a month in winter and 1,200 kWh a monthu in the summer, Ochoa “Our customers depend on us to provide affordablwe and reliable power,” KCP&L CEO Mike Chesser said in a writtenn statement responding to the PSC approval. “Thise rate increase will help us pay for environmental investments we have alreadgy made to several ofour coal-fired powef plants.
The installation of such pollution-control equipmenyt will improve air quality for our regio and allow us to meet futurw federalenvironmental mandates. We recognize that this is a challengin g time to ask customers to pay morefor electricity, and we didn’tr make this decision lightly.” Kansas City-based (NYSE: KCP&L’s parent, that KCP&L had reached an agreement in principled with the PSC to settl its pending Missouri rate case. Great Plains Energy ranks No. 5 on the Kansas City Businese Journal ’s list of area public companies.
Monday, October 15, 2012
Comedy Central's Night of Too Many Stars - San Francisco Chronicle
San Francisco Chronicle | Comedy Central's Night of Too Many Stars San Francisco Chronicle Paula Deen, Kevin Bacon and Liev Schreiber perform onstage at Comedy Central's night of too many stars: America comes together for autism programs at The Beacon Theatre on October 13, 2012 in New York City. (Dimitrios Kambouris / Getty Images) / SF ... |
Sunday, October 14, 2012
Deutch, Wasserman Schultz join NOH8 gay rights campaign - Sun-Sentinel (blog)
Deutch, Wasserman Schultz join NOH8 gay rights campaign Sun-Sentinel (blog) Two South Florida members of Congress â" Ted Deutch, D-Boca Raton, and Debbie Wasserman Schultz, D-Weston â" are among the newest participants in the NOH8 campaign in support of equal rights for gays and lesbians. To mark National Coming out Day ... |
Friday, October 12, 2012
Blue Cross buys out subsidiary partners in $56 million deal - Kansas City Business Journal:
TriSource is a for-profit HMO owned sincs 1991 by TriLinkHealthcare Inc. TriLink is a subsidiary of Blue Crossd ofKansas City; Health Midwest; the ; Olathe Medicapl Center; Providence Medical Center; North Kansasw City Hospital; and Blue Cros s Blue Shield of Kansas. BMA Selectcare, a for-profit subsidiaryy of Blue Cross of Kansas is a shell corporation that will cease to exist once the deal is Blue Cross of Kansas City officiales declined to comment on the transaction and directed The Busines s Journal to aprepared release. The minority partners in TriSourcw also declined to comment on the deal becaused of aconfidentiality agreement.
But accordinhg to filings with the Missouri Department of the deal calls for Blue Cross of Kansa City to pay TriLinknearly $24.5 million and $4.5 millioj to each of the other TriSourcr owners. Blue Cross will make additional paymentas ofabout $2.1 million to TriLink and $400,000p to each of the other ownere during a 30-month period. Buyiny out its partners simplifies Blue Cross ofKansaas City's ownership of the subsidiary. As it could prove helpful in packaging the insurer for a sale or Sincethe fall, Blue Cross has attempted to clarifyh its potential charitable obligation to the state of Missourui in the event of a merger or alliance.
Statess have required such settlements from Blue Crosas plans as a result of the tax benefits they received in theif early yearsof operation. In an interviewq last month, Jake Mascotte, president and CEO of Blue Crossa ofKansas City, said the companyy was simply trying to get the lay of the He said that the insurefr always is looking at opportunities for alliancess and transactions but that nothing was on the The merger will not affect health care coverage for the approximatelyy 85,000 members of TriSource products, which include Blue-Advantage, a commercialk HMO; Blue-Advantage Plus, a Missouri Medicaid program; and Blue-Advantagse 65, a Medicare HMO.
The former TriSourcw partner hospitals and health systems will remain a part ofthe Blue-Advantage network.
Thursday, October 11, 2012
Brewer signs retail theft measure - Puget Sound Business Journal (Seattle):
years in prison. Sponsored by state Sen. Lind Gray, R-Glendale, the measure modifies existingv lawsfor shoplifting. Previously, Arizona had no penalties for thoser stealing merchandise for the purposs of reselling or tradingthe goods. Instead, penalties for shopliftingy varied from misdemeanors to typically dependent on the value of themerchandisee taken. This measure creates a separate category of organized retail thefy that includes groups of people working together for the purpose of stealing merchandise and then trading orreselling it, regardlesws of how much the items cost. “This was a deeply bipartisan consensus that was developedby Sen.
Gray and the governor sharerd a deep concern over this saidPaul Senseman, spokesman for Gov. Brewer. Thef rings have become of increasing concern to law enforcemenyand retailers, as criminals can steakl thousands of dollars in merchandisew at once. Stolen goods often are resold online or atflea markets, providing cash to pay for othee types of criminal activities, police say. Baby formula is commonlyt stolen and is often used as an ingredient tocut drugs. The measurw passed by a 55 to 0 vote in the Housr and a 27 to 0 vote in the Senate and will take effecty in90 days.
Wednesday, October 10, 2012
Downtown YMCA to rebuild on current site - Wichita Business Journal:
The YMCA had looked at replacing itsdowntown branch, at 402 N. with a new building at 1st Streeand Waco. But construction at the site provedd too complicatedand expensive, says Tom president of the Wichit Metro YMCA Board of Directors. Instead, the organizationh will build a new facility at its curren tsite — constructing the new buildin on the parking lot and eventually tearing down the old structure that first opened in 1958. Lasater says a final cost for theprojecyt hasn’t been determined but that it would run in the $18 milliohn to $20 million range. “We would like to get startefd on it as soon aswe can. There’ a lot of planning that has togo in.
We woule like to get a lot of that accomplisherdthis year,” says Lasater, an attorney for . “Construction probabluy won’t happen until 2010.” The decision by the YMCA putsthe city’d property at 1st Street and Waco back on the The city in a news released today called the ground just north of the “prize d riverfront property.” The news release says Wichita City Managetr Robert Layton will look at using the property for downtownb redevelopment efforts in conjunctionm with the downtown master plan. “We’rde pleased that the YMCA is committed to downtown and the core area of our says Wichita MayorCarl Brewer.
The YMCA is one of our premietnonprofit organizations, which provides many services to our residentes and enhances our community’sa quality of life. Its role in the furthere revitalization of downtownis essential.” Lasater, of the YMCA says several factors played into the YMCA’s decision to withdraw from discussion about the city property. Among them were cost and parkint considerations. The YMCA, he says, woulds have had to build a two-decl parking structure — with one of them undergroundr — to accommodate the parking needs of the which would havebeen expensive.
“There was not one There were just numerous parts of a somewhat complicated puzzle that needed tocome together. Getting them to come togethere in the right way and the right time in the righ coststructure — it was not comingv together,” Lasater says. But the YMCA stillp has its work cut outfor it, he says. The organizatio plans to build its new facilitg on the parking lot of the old one on NortjhMarket Street. The old facility would remain openduringt construction, but patrons are likely to have to go farthedr to find parking in the Lasater says the YMCA may seek permission to use the parkintg lots of neighboring churches.
Once the new facilitu is complete, the old building would be demolishefd and turnedinto parking. Wichita’ds is designing the building.
Monday, October 8, 2012
10 MN banks had $1M-plus incomes in Q1 - Minneapolis / St. Paul Business Journal:
The strongest banks were also the state’s , based in had the most income forthe quarter, $624.45 million. , based in Wayzata, was second with $30 million in income for the quarter. ( has a largde presence here, but is headquartered in San Francisco andso isn’yt on the list.) While U.S. Bank and TCF are the perennial top-dogs of the Twin Citiess banking scene, a more interestinhg dynamic shapes up further down the list of themetro area’x strongest banks. KleinBank, based in Chaska, and , basecd in St. Paul, are in a class of their own as $1 billion-pluxs community banks. Bremer had $6.2 million in while KleinBank had $1.
8 millionh for the first The two oftenplay leap-frog on the list of the most profitable banks. In the fourtbh quarter of 2008, KleinBank had $4.9 million in while Bremer had $1.2 million. , based in had $2.9 million in income on assets of $416 million. Vermillion has been a stron performer throughout the pastdifficult year. Its income has been abovre $2 million every quarter for the pastfour
Sunday, October 7, 2012
Pakistan blocks anti-US protest in tribal region - USA TODAY
The Guardian | Pakistan blocks anti-US protest in tribal region USA TODAY TANK, Pakistan (AP) â" The Pakistani military blocked a convoy carrying thousands of Pakistanis and a sm » |
Saturday, October 6, 2012
It's (arguably) alive - Columbus Dispatch (blog)
New York Daily News | It's (arguably) alive Columbus Dispatch (blog) Frankenweenie is a back-from-the-dead project about a back-from-the-dead pet. The latest Tim Burton opus is an animated film based on Mary Shelley's Frankenstein. Burton created an animated short Frankenweenie that he pitched to Disney in 1984. Almost ... Career Arc: Tim Burton |
Thursday, October 4, 2012
Excellence in Workplace Flexibility winners named - Phoenix Business Journal:
Winners are considered leading practitioners of workplacd flexibility in Arizona and acrossdthe nation, chamber officials The event is part of the Chandler Chamber’a management of When Work Works, an ongoint initiative of Families and Work Institute, the Institute for a Competitivee Workforce, an affiliate of the U.S. Chambefr of Commerce and the Twiga Foundation. Applications for the Alfredx P.
Sloan Awards were open to all organizatione in Arizona with more than 10 employeed that have been in businessa for at least one Applicants were evaluated ina two-stepp process, first comparing the employer’ application to nationally representative data from Families and Work Institute’s Nationa Study of Employers, then corroboratingg the employer responses through a survey of employees. The breakfasr will begin at 7:30 a.m. at Crowne Plazaa San Marcos, 1 San Marcos Way in downtownn Chandler. For more: 480-241-7128 or www.chandlerchamber.com. Arizonqa Foundation for Legal Servicesand Education, Phoenixz Arizona Weddings magazine and Web site, Scottsdale Autohausz Arizona Inc.
, Phoenix BDO Seidman LLP, Phoenixd Chandler-Gilbert Community College, Chandler Clifton Gunderson LLP, Phoenix Contreras State Farm Agency Inc., Tempe Cosmopolitab Medical Communications, Glendale Custom Accountinvg & Tax PC, Carefree Deloitte LLP, Phoenix Henr & Horne, LLP Johnson Bank, Phoenix Keats, Connelly and Phoenix Intel Corp., Chandler Metri Architecture LLC, Phoenix Morrison & Associates Phoenix My Computer Scottsdale Neonatology Associates Ltd., Phoenix Omegw Legal Systems Inc., Phoenix Pima Council on Aging Tucson RSM McGladrey Inc.
, Phoenix Raytheon Missile Systems, Tucson Salt River Materials Group dba Phoenixz Cement and Salt River, Scottsdalse Western International University, Scottsdale Campuws Western International University, Phoeni x Whitnybell Perry Inc., Phoeni WorldatWork, Scottsdale Western Internationak University, Chandler Campus The Go Daddy Groupo Inc., Scottsdale
Wednesday, October 3, 2012
Blockbuster launches movie road map - Puget Sound Business Journal (Seattle):
Dallas-based Blockbuster Inc. (NYSE: BBI) said by usinbg the interactive map, consumers can actually map out theitr dreamsummer vacation. "One of the reasones movies are so universally appealing is their ability to transport you from reality and give you an escapwe from yourdaily routine," said Bob vice president and general manager for "The Blockbuster Road Trip givesw our customers the chance to be an armchaitr traveler this summer.
" The interactive map allowss users to visit locations from rura Maine to go along with the movie "The Spitfire In addition, they can visit the mountainws of North Carolina (inspired by “Cold as well as locations in Napa Valley, Calif., and Arizona both of which are inspired by the movies “3:1p to Yuma” and “Bottle Shock.” Otherr locales include Martha’s Vineyard, the area whers “Jaws” was originally Movies set or made in all 48 states of the continental U.S. and the District of Columbia are included. The interactived map will be availableon . For the specifi c link, go to www.blockbuster.com/roadtrip.
Monday, October 1, 2012
McCormick & Schmick's closes downtown restaurant - Boston Business Journal:
The Portland-based company notified the restaurant’s 38 employeexs of its decision and immediately closed the restauranytthis afternoon. All employees were offeref positions at otherMcCormick & Schmick’a locations in the Portland metrk area. Rumors the restaurant woulcd close have circulated since atleast April. Two yeares ago, McCormick & Schmick’s stopped servingh lunch at the in part because ongoing constructioj in downtowncurtailed traffic. CEO Williamm Freeman said the company and its landlord workexd hard to reach an agreement that wouldf have allowed the restaurant tocontinuew operating. In the end, it wasn’t possible.
He said none of the company’w 96 remaining locations in the U.S. and Canadq is in similar jeopardy. McCormick & Schmick’s (NASDAQ: MSSR) has strugglec with mounting losses since the recession startedr more than ayear ago, includingg double-digit declines in same store sales at restaurants open more than a It lost nearly $70 million in 2008 and $1.1 million in the firs quarter of 2009. It will open no more than three new restaurant sthis year, far beloa its usual pace of 10 to 12 new locations a Freeman, who joined the compang earlier this year, said the decisionn to close the first McCormick & Schmick’ s location was difficult.
“It’s obviously a special unit for us,” he said. The companuy acted quickly to close the restaurant so employeess can report to their new locations in time for the startf of the busysummer season. The company has several weeks left on the lease and will spen d that time taking inventory and determiningb where furnishings and other equipment might best be McCormick & Schmick’s founders Bill McCormicmk and Doug Schmick opened the wood-paneledd restaurant in 1979. The 9,400-square-foot downtown in the Henry Failing was placed on the market Tuesdah by brokers Don Drake and Tim Parke r of Melvin MarkBrokerage Co. The asking rent is $18 per squarse foot per year.
The space includes 5,070 squared feet of ground floor, a mezzanine for privatwe dining, kitchen, bar and lower level coolers, prep storage and offices. It is on the Max line in the SkidmorreFountain district.