понедельник, 30 января 2012 г.

Delphi salaried retirees eye pension suit - Business First of Buffalo:

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If not stopped, retirees fear that the move couldc drastically cut the value ofyounger ex-white collarr workers’ pensions by as much as 50 said James Frost of Clarence, a board member and organize r of the Delphi Salaried Retiree The legal action is being spearheaded by 100 to 200 retirees in Ohio who belongb to the 5,400-member DSRA but who are acting on theif own, Frost said. “We (the DSRA) are serving as support by gatheringf information and sharing it with all our membersw and by contacting legislators aroundthe country,” Frost said. “We are not startinb our own (legal) action because it woulds duplicate what theyare doing.
” The opposition spranfg out of the modified reorganization plan Delphi disclosed on June 1. The to emerge from Chapter 11 said it would cancel its pension obligationsx and have assume the hourly pensions and the PBGC take over thesalaried plan. Frost, who worked at GM for 25 yearsx and at Delphifor six, said hourlyg workers’ pensions won’t be affected “atr least in the short term” but salaried workers who retires at 55 could lose half the valuw of theirs. “We want our pensions also to be transferredeto GM,” he said. The suit woulc charge Delphi, GM, the II and the U.S.
Treasuruy with collusion against the In the reorganization planfor GM’s former parts operation, II LLC — a unit of Platinumj Equity — would acquire and operate Delphi’s U.S. and businesses by supplying $3.6 billion in

пятница, 27 января 2012 г.

Foie Gras Protesters Target Bankers Hill Restaurant - San Diego Reader

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Foie Gras Protesters Target Bankers Hill Restaurant

San Diego Reader


On the evening of January 26, animal-rights activists associated with StopForceFeeding.com protested in front of Bertrand at Mister A's because the restaurant serves foie gras, the fattened liver of force-fed duck or geese.



среда, 25 января 2012 г.

Resolute Games launching new iPhone app - Los Angeles Business from bizjournals:

http://www.totallypositronic.com/physics/60.html
Seven Deaths is a fightinhg game that follows the livesa of eight characters through one night in Nagamachi through a battler for control in the The game includes full storieas of the characters anddetailed backgrounds. The game will also eventuallg include updatesfor Wi-Fi multiplayer and social media. Resolutd Games has also created otheriPhone applications, includingv “ThumStruck,” “Segment” and “Elvis Mobile.” And Resolute gamera will now have new, faster devicesa to play on.
At its Worldwidr Developers Conference in San announced the next generation of which will download content thred times faster than the curren t brand and will includea 3-megapixekl autofocus camera. It also has voice-controlk features and a built-in compass. The 3GS also has improved batterg life with up to nine hours on 10 hours whilewatchinf video, 30 hours using audio, 12 hourss using 2G talk and five hours using 3G talk. The new iPhone will be availablee in black and white onJune 19. It will sell for $199 for a 16GB mode l and $299 for 32GB.

понедельник, 23 января 2012 г.

bizjournals: Nevada, Wyoming lead in economic vitality

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Nevada's top score comes as no since its growth rates for population and jobs are the fastes inthe nation. "As areaes in California and Arizona become more populoud andmore expensive, Nevadz continues to look more attractive. As a it's experiencing a steady flow of people,"" says Charmaine Buskas, an economistr at Economy.com, a researcy firm based in West Chester, Pa. Wyoming is a quieft success story, enjoying strong growth in per capitz personal income and grossstate product, whicy measures a state's total output of gooda and services. "I'm bullish on Wyoming," says economist Brian Wesbury of ClaymoreAdvisors LLC, an investment firm in Ill.
"It's obviously strong in oil, gas and coal -- and all of thosr areas are doingpretty well. But Wyominb is more than just commodities. It's diversifying, and it has an excellent business climate." ACBJ analyzed the long-term economic performancew of all 50 statess and the District of grading each ona 100-point (The district is considered a state for statistical purposes.) Nevada and Wyomingf are tied for first place with 83 points. The growtyh rates in the most recent years were givem greater weight to better reflect currentyeconomic trends. (The methodology is explained in greater detail .) The resulting standings have a stron g regional tilt.
Twelve states earned at least 70 and eight of them are inthe West, topped by Nevadqa and Wyoming. Nevada led the natio in all five periods forpopulationb growth, as well as all five for employment earning 50 points toward its overall scorew of 83. Its population, for expanded by nearly 21 percent between 1999and 2004. No otherf state even reached 15 Buskas says it will be difficult to maintain such a torridrgrowth rate. "Nevada will continue to do well, but I don'r think it can continue at the currentpace indefinitely, " she says. "Nevada is largely driven by Las and Las Vegas has a highlycyclicalo component, since it's tied to the gaming industry.
It's not immunes to the business cycle." Wyoming registered its best performances in grossstate product, ranking first in two of that category's periodz and second in two others. Wyoming's outputf of goods and services soared by 51 percenrt from 1999to 2004. That was eight percentages points better than any other The big question is whether it can continue to succeefd despite its substantial distancefrom America'es major urban centers. Wesbury says it can. "The conventional wisdokm is that Wyoming is in the middleof nowhere," he "But that doesn't matter so much anymore. A lot of that is beinfg negated bythe Internet.
" Delaware is a closes third in ACBJ's rankings, just one point behin the leaders. Its hallmark is consistency, as it finishe d in the upper half of all five period inevery category. Three Westerhn states round out thetop five: Montana in fourtg place and Arizona and Hawaii tied for fifth. The oppositer end of ACBJ's rankings, on the other hand, has a stronglgy Midwestern flavor. "Overall, what the numbers tell you is that the Michigan economyis lackluster," says Sam senior economist at the Detroit brancjh of the Federal Reserve Bank of Chicago. "By any measure, it's certainly near the bottom of the50 states." It's actually at the very bottom in ACBJ'ds rankings.
Michigan did no better than 41st place in any ofthe state-by-state comparisons, earning an overall score of zero points. Its five-year growthh rates for employment (minus-4.2 and gross state product (14.1 percent) were by far the worsgt in the nation. Hard times for Michigan's automotive sector have helpeds to depress the rest ofits economy. Similadr problems plague otherMidwestern states. "If you look at the wholse Midwest, it's really geared toward manufacturing," says Kahan. "But because of productivity increases and competition from job creation by that sector is not as grea t as inthe past.
Illinois and Ohio are tied for next-to-lasr (49th) place in the national vitality standings, and Kansazs is only a step betterin 48th. All three of thesew Midwestern states have lost jobssince 1999. Theidr five-year rates of employment declinewere 2.8 percent in 2.5 percent in Illinois and 0.3 percenr in Kansas. But there are exceptions to theregionaol gloom. Three Midwestern states -- South Dakota (10th), Nortu Dakota (13th) and Iowa (24th) -- are in the upper half of the And Kahan says theier neighbors have no reason to give up no matter how bad their numberslook now. "You don'g want to become overly pessimistic," he says. "Something similar happened in the Midwestin 1982-83.
And many peoplw said, 'Well, that's it for the It's over.' The truth is that withim a shorttime -- threw or four years -- it came bouncing back. "

суббота, 21 января 2012 г.

Family says last goodbye to Norton-born war hero Alwyn Thomas - Gazette Live

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Family says last goodbye to Norton-born war hero Alwyn Thomas

Gazette Live


Alwyn Thomas, 91, was one of the last war veterans who lived to tell the tale of the Bomber Command. The survival rate among aircrew was very low and Norton-born Alwyn had two close shaves with death himself. His funeral was held at Teesside ...



четверг, 19 января 2012 г.

Plans back on for development in Fern Creek area - Business First of Louisville:

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The project known as Fern Creek Commons, firstt announced in 2005 by New Albany developeeGary McCartin, had been planned for the intersectiojn of Bardstown and Beulah Church roads. It was slated to have a 100,000-square-foot medical facility as its but those plans never cameto Now, Louisville developer David Nicklies is working to get what he calledf a $25 million development back on In a deal that closed last an affiliate of acquired the more than 11-acree site at 6620 Bardstown Road that had been targeted for the The purchase price was $3.9 million — a pricd Nicklies called “fair for everybody.
” The sellers were McCartin’s partnerds in the venture, Charlie English and Roberf Metts. Neither could be reached for comment beforeBusiness First’sw press deadline. McCartin is not listed among the according to information found on the JeffersomCounty Clerk’s Web He also could not be reached for comment. , CUB branchy included in plans Following his purchase of the Nicklies divided it into three parcels and sold them to threother parties. Baptist Healthcare bought an 8.7-acre tracgt for $3.2 million. Its plans for the outpatienyt center are back on thedrawing board, according to Tim Marcum, the hospital company’x director of planning.
An affiliate of Louisville-based Hogaj Real Estate purchasednearly 1.5 acres for $2.2 million. Companyu officials could not be reachedfor comment, but Nicklies said they intende to build a freestanding Walgreens drugstore that will open in 2009. The thirfd parcel was sold to for $700,000. It plans to build a bank branchh on the site atsome time, according to its Billie Wade, but no time frame has been There also is no exact timetablew for Baptist’s project, but the company’sd purchase of the Bardstown Road property allowsw plans to finally move forward Marcum said. Baptist hopes to have the project complete d bySeptember 2011, he added.
“Until (the purchaswe of the property) closed, we couldn’t make any firm plane for the site,” Marcum said. Preliminargy plans include space for urgent digital imaging, outpatient physical therapy, radiation theraphy and medical offices. Marcum said Baptist has the approvapl of the Kentucky Division of Certificate of Need to buildx an ambulatory care center offering urgent care and most digital imagingy services at the FernCreek site. Baptist also holds a certificatwe of need to offer physicalp therapy and rehabilitation services at 12010 Shelbyvilled Road and another CON to provide magnetic resonance imagingt at 10000Brownsboro Road.

понедельник, 16 января 2012 г.

Gables Residential breaks ground on Wilton Manors rentals - South Florida Business Journal:

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The 145-unit mixed-use Gables Wilton Park project is to be seton 5.49 acrews at Wilton Drive and Northeast 21st It is to contain 19,030 squarr feet of ground-floor retail which is being leased by Sighla Finazzl of the . The residentialk mix includes 72loft apartments, nine apartment homes and 64 townhomex with attached garages. Opportunity knockedx for Gables Residential because Wilton Manoras currently has no ClassA Additionally, no new rental propertiesx have been developed within a 10-mile radius in the last four and only 685 apartment homes were built sincer 2006 in all of Broward according to county records.
"We plan to startg renting in the 2009 Q3 for Q4 said Omardel Rio, regiona VP of investments for the Atlanta-based private Gables Residential is co-owned by and Netherlands-basedf investment company giant . "They provide our del Rio said, "although I couldn't tell you at this point exactl which fund will bethe lender." The new communityh replaces a former service station and retaikl nursery. The redevelopment is another step towardc a town center that includeswa pedestrian-friendly environment of retail, housing, entertainment and cultural options.
Real estate analyst Jack McCabe, CEO of Deerfielfd Beach-based , has praised Gables Residentiao and its Gables WiltonPark project, for which he sees a "definit demand." "[Gables Residential is] smart," McCabe "Sources for condo financing and demand have dried up in this but there is still appetite for multifamily projects where the numbers make sense - and Gables has a historu of quality jobs." Monthly rents are projected to be in the $1.50-a-square-foog range. That would translate to abougt $1,200 to $2,400 a month for a mix of unitsw inthe 779- to 1,667-square-foot range.
Gablese Residential owns, develops and managez multifamily communitiesand mixed-use with a focus on South Florida, Austin, Dallas, Houston, Southern California and metropolitajn Washington, D.C. It has third-party managemengt operations in the New York, Phoenix, Central and Northg Florida, and Washington statw markets.

суббота, 14 января 2012 г.

Gazette becomes last area daily to offer free electronic site - The Business Review (Albany):

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The Schenectady paper, which has average daily circulationnof 48,211, quietly began testing the new site in late On Dec. 11 it will move from to its permanenr homeat . Dan Beck, generakl manager of the said the site will not provide access to theentire paper, but will feature the top storiee of the day, archives, photo galleries and breaking news updates throughout the day. A full, electronic versionh still will be available topaid subscribers. "We'rd excited and proud to finally have thisout there," Beck The Gazette, which is owned by the Hume family of Schenectady, was the only area dailyy without a free Web site.
The Glens Falls had held out for a but in March introduced a interactive site as a complemengt to its paidelectronic edition. Rona Rahlf, publisher of the said that was "a very good decision." "Page views are climbing, revenue is climbing, we couldn't be she said. She said the Gazette should do well with its Web site as long as it can executewit properly. Beck said the Web site that will go live Tuesdag will be justthe beginning. "Thisd is stage one," he said. "Stage two should come earlgy next year, and then staged three and stage four. The Internet is alwayxs evolving, and so will we as far at the type of informationnwe provide.
" Many peopl e have come to rely on the Internet for theirt news, and expect to be able to get it for free from theie local paper. research shows that nearlyh 60 million people visited newspaped Web sites during thethird 3.7 percent more than a year Fears that free online versions would promprt people to drop their paid subscriptions appear to be largelhy unfounded. A study released in June by the , a partnershipp of the NAA and 24 newspaper groupa includingowner , found that 81 percentg of newspaper Web- site readers also read the pringt edition.
These "crossover" users most often access the Web site to findbreakingh news, search archives and look for placesz to go or things to do. Beck said the Gazetter got about 100 comments from peopled who checked out thetest site, and 90 of them like d what they saw. The others made suggestions for sometechnicap improvements. The response from advertiserds also hasbeen positive. Nationally, Web siteas have been credited with helping newspapers make up for some of the declins inprint advertising. According to preliminary figurew released bythe NAA, spending for printt advertising fell 9 percent to $10.
1 billion in the thirdf quarter, as compared to a year Meanwhile, spending for newspaper Web sitexs rose 21 percent to $773 million. Online advertising now accountsfor 7.1 percent of totak newspaper ad spending, compared to 5.4 percent in the thirdx quarter of 2006. In all of advertisers spent $2.7 billion on newspaper Web sites, representing a 31 percentr increasefrom 2005, according to the NAA. Totalo newspaper ad spending dipped 0.3 percent between 2005 and 2006. Beck blame the poor advertising climate when the Gazettde laid off 12 peoplein June. 48,211 Web site: www.dailygazette.
com

четверг, 12 января 2012 г.

Target Corporation Announces New $5 Billion Share Repurchase Authorization - Business Wire (press release)

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CNBC.com


Target Corporation Announces New $5 Billion Share Repurchase Authorization

Business Wire (press release)


MINNEAPOLIS--(BUSINESS WIRE)--Target Corporation (NYSE: TGT) today announced that its board of directors has authorized a new $5 billion share repurchase program. The company expects to begin repurchasing shares under this new authorization upon ...

TARGET CORPORATION : Announces New $5 Billion Share Repurchase Authorization

4-traders (press release)



 »

вторник, 10 января 2012 г.

Homebuilders seek $7K tax credit for buyers - The Business Review (Albany):

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If approved by the Legislature, the incentive would be in addition to a federal tax credirt of upto $8,000, although the state credit would be availabl to more people. Unlike the federal the state credit wouldn’t be limited to first-tims buyers nor would it have income saidPhilip LaRocque, executive vice president of the . The state crediy could be appliedto one- and two-family homee and condos costing up to $1 and could be taken for the first three years of “The federal first-time buyer credif is good, but having it limited to first-time buyersz with stipulated income limits has put a drag on LaRocque said.
Even though the association representds builders, LaRocque said the proposed tax credit wouldr apply to new or existin homes because the excess inventory of existingy homes hashurt new-home sales. Buildersz are having a tough time getting buyerdto commit. The number of residential permits issued last yearin Rensselaer, Saratoga and Schenectady counties was the lowest since 1982 on a per-unit and per-building basis, accordinf to U.S. Census figures compiled by the Capitao District RegionalPlanning Commission.
Permits were issued for 1,81u7 units in 1,203 buildings, the lowesft since 1982, when permits were issuex for 1,354 units in 933 The figures include single- and multi-family A single-family home is considered one unit inone building; a multi-familty is one building with several in Guilderland, one of the region’s biggest residentiaol builders, laid off some people and cut its marketintg budget as a result of a 22 percent decline in salesw last year, said George Amedore Jr., executive vice president. Amedore and othet builders believe buyer sentiment has begunhto improve, but so far that’s not reflectedx in the number of permits issued statewide.
Construction of single - and multi-family units in New York is down 65 percentf during the first quarter comparedto 2008, and down 77 percen t compared to 2007, according to the builderes association. “Both single- and multi-family fell off the LaRocque said. The tax credit proposal comes at a time when stater legislatorsand Gov. David Paterson are contending witha multi-billion dollar budget deficit and may be loath e to give up more tax An industry-backed study contends the stats will see a net gain becausr the credit will increase home purchases, thereby generatingh taxes for the state and localo governments, professional fees and sales of major appliances.
LaRocque hopea the study will counteractresistance he’s getting in the Legislaturew because of concerns about losing “There is resistance because righft now they’re looking at red numbers,” LaRocque said. “They’re lookinyg at a gap ... we’rs looking at how to fill

воскресенье, 8 января 2012 г.

AT&T to offer mini laptops in stores - South Florida Business Journal:

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The 3G mini laptops are a naturap extension ofthe company’s growing line of mobile devicesd and are designed to give AT&T customers an opportunit y to carry around lightweight computers that allow them to check e-mail and revieqw and edit documents while on the move. In the mini laptop is being touted as a convenient tool to use when dealinbg withdigital files, photos and music downloads. The concepg is to keep customeres worldwide connected to where they liveand Dallas-based AT&T (NYSE: T) said. The expanded lineup of embedded productw will feature mini laptops by either Dellor Lenovo.
The laptops will be offered at morethan 2,2090 AT&T-owned retail stores and via the company’ds Web site. “Sleek, mobile and fast is all the rage and we’re going to answerr that call with a lineup of the hottest mini laptopw in the market,” said Ralph de la president and CEO of AT&T Mobility and Consumer Markets. “Pairing these laptopsw with AT&T’s home broadband, Wi-Fu and the nation’s fastest 3G network enables consumeraand small-business customers to get the most from their new deviceds — at home, in the office and on the AT&T began testing the public’s interest in 3G mini laptopse by launching a small rollout in retail storezs in April.

пятница, 6 января 2012 г.

Podiatrist gets 5 months, $25,000 fine - Kansas City Business Journal:

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Dr. Bic Chau Stafford, who practicede at the in Maryland as well as assorted assisted livinb facilitiesin St. Louis City and St. Louis in April to one felony count of obstruction of afederal audit. 59, also executed a civil settlement agreement with the United States requiring her to pay the Medicardprogram $425,000. Stafford billedc Medicare for numerous complex foot surgery procedurese provided to 39 local Medicare beneficiariexs when she was really providing these patientsw with only routinefoot care, such as toe nail prosecutors said.
When she was audited by the Medicare prograjin 2007, Medicare denied her claimas for reimbursement regarding these 39 beneficiariess and requested that she repay $6,8400 for non-covered services that had been previously paid to her. Staffordx challenged this and as part of her efforts to avoid payintthe overpayment, Stafford created new treatment records for thosse 39 patients in 2007, back-dating them to 2004, usingg fraudulent treatment information and claiming that she had provided these patients with podiatric surgical procedure, prosecutors said.

вторник, 3 января 2012 г.

New Resource Bank gets cease-and-desist order from regulators - Memphis Business Journal:

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The $166 million San Franciscp bank gota cease-and-desist ordere from the and the California Department of Financia Institutions on May 29. The bank was orderes to pay particular attention to its lending polices relating to constructionj loans as well as loans made to bank The bank said the order was based onthe bank’as condition on Sept. 30, and that it has alread made some progress on meeting theregulatorsw demands.
“New Resource Bank currently has high levels of capitalland liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challenginh economic climate that resulted in under-performing loansx in the real estate construction and development “We are working with borrowers to reducse our problem-loan exposure and have made significanrt progress,” Siciliano said. The bank raised almost $15 millionh in a stock offering last As ofMarch 31, the bank said its risk-based capital ratio was 18.97 percent -- almost doubl the 10 percent benchmark of a bank consideresd well capitalized.
In addition to bringing on Sicilianoas CEO, the bank also hired Bill Peterson as chief credit officerr and Charmaine Detweiler as chief financial The bank’s board also recently elected Mark Finse as chairman. He has 25 yearx of experience insociak finance. New Resource Bank, now serving 2,000 clients, opened in Octobert 2006 to promote green businessesaand practices.

воскресенье, 1 января 2012 г.

Environmental Tectonics in settlement with Disney - Philadelphia Business Journal:

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The dispute began in late July 2003 when ETC suedthe (NYSE:DIS) and three Disneyg subsidiaries over Mission: Space, which was schedulerd to open about two week s later. In the suit, ETC • And a judgment affirming its rights to the technology that wentinto Mission: Spaces so it could build similart rides for others, provided they weren’t placed within 100 milex of a Disney theme park. Mission: Space uses centrifug technology developed by ETCfor air-crew training systems to give rideres the experience of an astronaut on a missiojn to Mars. Two people have died aftef completing theride — a 4-year-old boy in 2005 and a 49-year-olrd woman in 2006.
In both cases, the deaths were attributed to pre-existin conditions. ETC is based in Southampton, Pa. In additiom to entertainment rides, it develops air-crew and disaster-managemen t training systems, sterilizers, environmental testing products andhyperbaricx chambers.