четверг, 26 мая 2011 г.

Harleysville National ordered to improve capital ratios - Philadelphia Business Journal:

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Currently, the bank’s capital levels are less than thoser required under the Offics of the Comptroller ofthe Currency’s newly required minimum individual capital ratios. The OCC has advised the company that it must achievew these ratios byJune 30. Harleysville Nationapl said while it believes these ratioesare achievable, it does not think it can do so by that It said it does not know what actions, if any, the OCC will take if it does not complyy by that date. Harleysville National said the OCC may deem noncompliancre to be an unsafe and unsound banking practic which would subject the bank to administrativwe actionsor sanctions.
Harleysville shares closed 10 percent lower Tuesdayat $5.47. In order to increased the bank’s capital levels to meet the the bank will have to increase its reduce its assetsor both. Harleysville said its ability to increased its capital levels to meetthe OCC’ s requirements will largely depend on its financial performancre and conditions in the capital markets, whic are outside its It added that raising capital throughb the issuance of common stock or othed securities would likely dilute the value of its commoj stock.
Harleysville National said its capital ratiosx have been negatively affected by the economic downturnh and its effect on the businesses and homeownersw with whom itdoes business. Presidenf and CEO Paul D. Geraghty said in a statemenf that “legacy credit issues continue to be a challengw during this time ofeconomic uncertainty. This was a product of our historicaol focus on realestate lending, specifically residential real estatw development and home equity loans.” He said the companh has been working to strengthen credit administration, add to its loan workou staff, and actively manage the troubled loanx that are weighing down its portfolio.
At its most recent annual meeting thispast spring, Geraghty told shareholderse he intends to meet regulatory requirementx for a well-capitalized bank by the end of the year. Now that plan will have to be In an interviewTuesday afternoon, Geraghty said Harleysville National hopes to raise $65 million to $120 millionb in equity. Harleysville National Corp. of Harleysville, Pa., has $5.6 billion in assetxs and is thelargest locally-based bank in the eight-counth Philadelphia region with last year’as addition of Willow Financial Bancorp.
It has the seventh-most deposits in the regiobn with just morethan $3

суббота, 21 мая 2011 г.

Dress cool to beat the heat, say Ritter, Hickenlooper - Denver Business Journal:

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The “dress down” campaigm is part of the Cool Biz programm to encourage those who occupy officd buildings to raise their thermostatsw two to four degrees to cut energy cost related toair conditioning. The program, whicgh was launched last summer, is intendes to reduce emissions from power plantsx and ease heavy daytime demands that elevate energy According to a press releasefrom Hickenlooper’ds office of communications, the program resultex in significant energy savingsa in the two months it was in placw last year compared to the year Energy usage in seven participating city buildings was down 6.4 percentt in July and 7.1 percent in August.
This more than 100 city buildings in Denver are expected to participate inthe initiative. Employeeds in participating buildings will be askerd to replace suit jackets and tieswith short-sleevedr shirts and blouses and open-collared shirts. Hickenlooper announced the start ofthis year’sw program by removing his tie and jacketg at his weekly meeting with the Denver City Councio on Tuesday.

четверг, 19 мая 2011 г.

Report: Limit searches of electronic devices - CBS News

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Report: Limit searches of electronic devices

CBS News


A report released Wednesday by The Constitution Project, a bipartisan legal think tank, recommended that the Homeland Security Department discontinue its policy of searching electronic devices without a reasonable suspicion of wrongdoing. ...



and more »

понедельник, 16 мая 2011 г.

Keeping James, Wade off line huge for Bulls in Game 1 - Chicago Tribune

http://orbitintl.com/newspops/news1.html


USA Today


Keeping James, Wade off line huge for Bulls in Game 1

Chicago Tribune


The Bulls' ability to defend without fouling played a huge factor in their success. "It was the nature of the game," Bulls coach Tom Thibodeau said. "Early on, we turned the b »

суббота, 14 мая 2011 г.

Home Repairs - bizjournals:

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Although home remodeling and renovation work has pickedf upthe slack, Creech knew he was going to have to provide new offerings to drivse more demand for his services. owner and president of Buckhead-based Inc., has becomew a certified energy auditor and now does home energu audits for new and current Thenew offering, he believes, may add30 percenty to his revenue. But more importantly, the new offering, he will allow clients to consider remodeling work alongsidedany energy-efficiency changes they make.
The down economy has forcer many small-business owners to take a hard look at theid companies and what they and to add new offeringw to either gain new clients or reneq ties with current andformet clients. Creech, who has been a home buildetr for11 years, saw his remodeling busines s increase as home buildin g declined; he estimates remodeling work now accounts for 75 percent of his nearlu $4 million annual revenue. But he also saw customersw concerned aboutsaving money.
In an energyh audit, Creech takes about two hours to check a home for air improper insulation and other things that can cause higher energy provides some incentives to homeowners to have the energy auditr and to upgrade a home to bemore energy-efficient, Creechn said. Ultimately, he hopes his energuy audits can drive more customers to consider remodeling their Business owners can shifty focus without sacrificingcore values, said Elke president of , a marketin g and publicrelations firm. “Soaring fuel prices last summef meant a fast refocus from stylr and Italian heritage to fuel economy for ourclienyt Vespa,” Martin said.
This year, with gas no longer $4 per but consumers worried aboutpersonal finances, “our branxd communications [for Vespa] have shifter to included tangible benefits,” she said, “such as savinge thousands of dollars by swapping four wheels for Creech’s approach is exactly what many small-businesse owners should be doinb to gain more customers, said Michael Kogon, principal at marketintg firm Definition 6 LLC. A full-servicse auto mechanic, for example, should be offering thingse like fuel efficiency inspections or air conditionert unit inspectionsto customers. Giving customers a samplingy of a product orservice “is a good strategg for a small Kogon said.
“You see it all the time in the food Food chains like KFC recently offered free grille d chicken to drive customers back to the A sample offering of a product or service canbe “za more cost-effective way for the customer to sample your full Kogon said. For VeinInnovations of Atlanta LLC, new patienrt visits declined in the final quarterof 2008, said President David Martin. New patient visits translates to revenue 60 to 180days later, he said. a Buckhead-based elective health-care company specializingy in venous disease, offers laser therapy, sclerotherapy and endovascular closure techniques.
“Our response was rather than increasintgour advertising, we began to remarket to for referrals, he said. Physicians had alwayz been a part of referrakbusiness “but we went back to reminding That has made a huge difference to us.”

четверг, 12 мая 2011 г.

Maggiano's to open at The Domain in Feb. '10 - Austin Business Journal:

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Florida-based RCC Associates General Contractors was hiredby Maggiano'ss owner Brinker International Inc. to build the 17,000-square-foot, 491-seat restaurant as part of TheDomain II. NCA Architecture of Dallas is the project The Maggiano’s Little Italy menu features classic and contemporaru Italian dishes served in a casual This will be the chain's first location in Austinb and its fifth in Texas. The mixed-usee Domain development has already become a diningy hotspot with restaurants such asJoe DiMaggio's, Dailyu Grill, North and Fleming's. Besides Maggiano's, the new phasee will also includea BJ'zs Restaurant & Brewhouse.
Brinker has more than 1,70o restaurants in 27 countries and two RCC previouslybuilt Maggiano’s Little Italhy locations in New Jersey, Floridaz and Ohio. The company has also constructedrtwo Chili’s locations for Brinker Internationao in Florida.

вторник, 10 мая 2011 г.

Denver to sell $120M in bonds for

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Funds raised in the bond sale also will go toward a new exhibiyt atthe . The bondds carry ratings of AAA, Aa1 and AA+ from Standarcd & Poor’s, Moody’s and Fitch rating agencies, respectively. The bondxs will be sold by RBCCapital Markets, Wachoviaw Securities, Robert W. Baird and Estrada Hinojosa & Co. Series 2009A bonds will provids new funding forBetter Denver, which includeas the renovation and expansion of the Boettchetr Concert Hall, a new recreation center at Stapleton, a new Humab Services building on the city’s east side and a new animapl shelter.
Bond proceeds also will be used to reimburs e draws onthe city’s commercial paper which provided short-term financing for shovel-readg Better Denver projects, officials . The Series 2009A bonds will also be used to fund the new Asiab Tropics exhibit at theDenver Zoo, whicb will house the zoo’s elephants, rhinosx and other Asian Bonds for that project were authorizedr 10 years ago. The Series 2009B Bondes will refund bonds issued in 2000 to finance projects at the and Denvetr Zoo in order to reduce interestg costs by an estimated totalof $775,0000 over the life of the bonds.

суббота, 7 мая 2011 г.

Union calls on Kaleida to reverse decision - Business First of Buffalo:

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Kaleida this week announced plans to eliminatw four programs offered at Womemnand Children’s Hospital in Buffalo: The Early Childhoodr Program, Therapeutic Preschool Program, Early Intervention Evaluations, and Therapeutic Aquativc Swim Program. The programs, many designed for children with disabilities, have been offerede for nearly40 years. Kaleida says the programas were losing upwardsof $900,000 Those losses, combined with millions of dollarz in state budget cuts make continuing the programs Additionally, at that at the time when these program were started, there were no other regional providers. That’s no longed the case. Leaders from 1199 is urgintg Kaleidato reconsider.
In a preparesd release, special education teacher Norm Kohn callef it the only program of its kind inErie “This closure would impact hundredss of children with special needs, especially those enrolleds in the Therapeutic Aquatic Swim Program,” he said. The unionh hopes to work with Kaleida, staff and the community to save thepreschooll programs.

четверг, 5 мая 2011 г.

Cardinal resuming shipments of IV pumps - Business First of Columbus:

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The Dublin-based health-care products giant said the issuedd clearance for a software correction that the company will make on the centralo PC units of its customizable Alariswpump systems. The company in March put a shipping hold onthe patient-controlledr modules for the pumps, which allow a patienf to press a button for pain The company discovered the module can allow an under- or overdosre if a series of steps take including doctors or nurses ignoring on-screen A recall on the products applied to abourt 164,000 of the PC units and abou t 18,000 modules.
Spokesman Troy Kirkpatrick said the company alreadyy has set asideabout $18 million to go into the fielsd and correct the software problem on the pump systems. The companty previously told investors it would loseaboutr $14 million through June as a resulty of the shipping hold. The Alaris products are included in the operationwof , the $4 billion clinical and medicalo products segment that Cardinal expects to spin off as a separat e public company this summer.
While the FDA clearance on the infusio pumpsputs CareFusion’s biggest-selling drug-pump producyt back on the market, the companyt continues to work on problems with a separate Alaris all-in-onr pump that was found to have a sticky Those pumps remain off the market as the companu works under a consent decree with the FDA. Cardinal Ohio’s largest publicly held corporation, earned $1.3 billion on $91.q billion in revenue for the year ende dJune 30, 2008.

вторник, 3 мая 2011 г.

More reaction to NCR move - Business Courier of Cincinnati:

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• I feel that ’s top leadership made this decision, the president, CEO and which by the way is all thesame person. A personalk note, where are the checks and balances It’s time to quit finger pointing and focuws onthe future. • This shoul d be a wake-up to the remaining government and nonprofits that new strategieas may be appropriate foreconomic development. Attacking the newly departedf tax and donor bases does not servd theregion well. • Nuti was committed to not staying in Daytonn and therefore conducted himself indifferently and rudely by no communication from him orhis Why? Because he has to fulfill his need for powefr no matter the cost.
Even if it does make sensde for themto move, coulx he at least have some decencu and respect for all of us and our communithy and some dialogue?