Wednesday, September 29, 2010

Gabelli reports stake in Clopay's parent - Business Courier of Cincinnati:

http://jenheath.com/photogallery/jensbodybuilding.html
percent stake, or 1.6 million shares, in , according to a filing with the . The filing followa others reports last week by affiliate that it has increased its stakd in Griffon to almost 16 or 4.6 millions shares, and by that it has a 5.1 percen stake, or 1.5 million shares. Griffomn is the parent of Mason-basedx , a maker of Clopay garagd doors and specialty plastic films used in disposabler diapers andother products.
is a majorf customer of the plastic film Gabelli has stepped up its acquisitionof Griffon'sw shares as its stock prics has fallen from more than $12 at the end of 2007 to as low as $9 this The company's sales and profits have been hurt by the slumpo in new housing constructionj and a simultaneous slowdown in garag door replacement sales. The company said earlier this montg it's continuing to focus on cost reductionprogramas "including, but not limited to, reductions in reducing or eliminating certaihn sales and marketing programs and consolidatingy facilities where possible.
" Griffon came under pressured from investors last year, before the bottoj dropped out of the housing to separate its Clopay operations from its defenses electronics subsidiary that's based At the time, it hired Goldman Sachs to advise it on strategic alternatives but late r said that deteriorating market conditions had limited its

Tuesday, September 28, 2010

Sex drug could transform TransTech - The Business Journal of the Greater Triad Area:

http://www.chevyautoclub.com/remote-start-recommendation
The drug, known now as TTP-515, was developed to treaf obesity. Yet it has also shown significant promise in early clinical trialx in treating a medicap condition that affects as much as 40 percent of the worldwidefemalwe population. Several pharmaceutical companies are racing to producee thefirst so-called “femaled Viagra,” which has a potential market north of $4 billion “Right now, we have nothing, nothing, to offed these women. If this drug succeedss in furtherclinical trials, they are goint to make a fortune,” says Dr.
Jim Pfaus, an expert in the neurobiologuy of sexual behavior at Concordiz Universityin Montreal, who assessed the resultsa of TTP-515 in animal tests he conducted. “The world will know about TransTech Inmany ways, TransTech’s reputation in the biotech worlrd is well established. It has attracted more than $300 million in recenyt years in deals and collaborations with pharma giantsd suchas , Merck and for its potential drugas for Alzheimer’s disease, diabetes and cancer. But a drug that coulsd possibly stimulatea woman’s interest in initiating sex? TransTech’ brand, as Pfaus speculates, woul surely soar.

Sunday, September 26, 2010

Dan Snyder stays at Six Flags under reorganization - Puget Sound Business Journal (Seattle):

http://www.artd-multiservices.com/article/New-C-A-R--Report-Says-Internet-Homebuyers-Are-The-Norm.html
Six Flags is also seeking a $600 milliohn loan, secured by its assets, and $150 milliojn in a new revolvingcredif line. The company’s executive retentio plan would keep Snyder as boars memberand chairman. Mark Shapiro, currently chief as well as chief financial officer Jeffrey Speed and severalk other top management would also stay on inexecutived roles. Six Flags, which announced its Chaptefr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billio and wipe out more than $300 million in preferredd stock.
Snyder and his management who took control of the theme park operato three and a halfyearw ago, have not been able to return the companu to profitability, despite increasing attendance and sellingg several parks to raise capitall last year. The companyu reported a $146 million firsf quarter loss. Six Flags has said its reorganizatio n will not affect park operation s and its vendors and employees will continue to be Six Flags 20 theme parks includwin Largo.

Saturday, September 25, 2010

Boba Tea opens two more stores - New Mexico Business Weekly:

http://invbridge.com/2010/07/03/
Boba Tea is the first retailer to open in the Placew atNob Hill, Jason new mixed-use project in the heart of Nob Boba has the corner location, at Centrakl and Wellesley, in 1,200 squarwe feet. “The opening of our two new storesa will position BTC to realize a robust retur n on investment when the economty andspending rebound,” says CEO Vi Luong. The compan has been taking highprofile locations, such as , after starting its businessa in strip centers. Other locations include 4401 Wyomingt Blvd. NE and 8900 Holly Ave. NE.
The 275-square-foo t Coronado store is the most productive for the who self-financed the Hoa Luong, chief operating said investors will be sought to open stores in Phoenix’se top malls. It costs between $200,0009 and $250,000 to open each new location. Boba Tea’s businesse strategy relies on developing new products and distinguishintgits brand. The company sells Asian inspired “We are constantly looking at new ways to streamline our operations in order to increase profit margins and cut adds Luong, “while still maintainingb our quality, customer service and branfd distinction.
” In addition to workingg with Boba Tea, Luong continues to operate his original business, Nobld Collectables.

Thursday, September 23, 2010

Cerner finds a treasure in data mining - Houston Business Journal:

http://www.autocd.com/index.html?q=10&ca_cat=553&gc=876&sha=0
The North Kansas City-based healt care information technology company, known mostly for the health-record software sold to hospitalsand clinics, is leveragint the billions of anonymous patiengt records it has at its disposal as marketable information to pharmaceuticalp companies and researchers. Cerner said the data operation is a big reasonh revenue for its LifeSciences Group has increased by roughly 20 percent during each of the past five Mark Hoffman, the company’s life sciences solutions vice predicted that annual growth will be greater still in the “This is just the beginning for us in the life he said. Included in Cerner’s data warehouse are 1.2 billion lab results.
It also has smalleer numbers of medication orders andother data. The compan y collects the informationthrough data-sharing agreementa with roughly 125 of its software By some estimates, it can take as long as 17 yeares and $1.2 billion to develop a single drug. Cerner’sz data-mining capabilities can quicken that process and save money for drug companieas by helping the companies establish a studyt protocol that maximizes the number of eligible candidates fora “We believe that can actually eventually reduce the cost of drug Hoffman said.
Cerner would not name its pharmaceutical Pharmaceutical companies and clinical researchersx pay for Cerner data for other saidScott Weir, director of the ’s Offic e of Therapeutics Discovery and Development. He said Cerner’w data-mining capability can point scientistsa to potential new uses for existing For instance, Weir said, Cerner’s database might suggest that a drug used to trear cardiovascular disease could be helpful in treating cancer patients. Researchera then could run a clinical trial to test the The data is usefukl to drug companies for much thesame reason, Weir including helping them identify and correcf side effects from drugs.
The KU Cancefr Center has used Cerner’w data-mining capabilities for several projects. “Theyh uncover information we wouldnevert discover,” Weir said. “It’s invaluable.” He said Cernert stands to benefit financially, as well, from collaborationxs with researchers that can lead to intellectualp property that produces licensing fees and Cerner also can work with researchers suchas Dr. Stephenm Spielberg, director of the Center for Personalized Medicine and Therapeutic Innovationat . Spielbert seeks a $3.9 milliomn grant from the for a study of how the cented can better capture data in pediatric cancer studie s usingCerner software.

Wednesday, September 22, 2010

UMass graduate student wins award in biomechanics - The Massachusetts Daily Collegian

http://www.icbcmuseum.com/a-discussion-on-some-facts-of-vinyl-siding-floors/


UMass graduate student wins award in biomechanics

The Massachusetts Daily Collegian


Democrat Ellen Story has represented the Amherst and Granby area in the state House of Representatives since 1992 and is running for re-election. ...



Monday, September 20, 2010

Melo Trade Could Wait Till February, Involve 3+ Teams - RealGM.com

http://best-recipes-blog.com/2008/12/apple-danish-cheesecake.html


Orlando Sentinel


Melo Trade Could Wait Till February, Involve 3+ Teams

RealGM.com


The Nuggets are not in a rush to move Carmelo Anthony but the team is now willing to review trade offers. Any trade may not happen until near the February ...


Carmelo Anthony Trade Rumors Coming Out of Denver Now

Associated Content



 »

Sunday, September 19, 2010

Stimulus funds target Maryland

hustbelogehy1857.blogspot.com
The awarded $306,050 of the funds to 29 arts group, moneu that’s expected to preserve 40 jobs. The funding was awardedf to Maryland from the througjh the American Recovery andReinvestment Act. the National Endowment for the Arts directlyawardef $600,000 in stimulus monegy to 10 Maryland arts organizations. “These fundzs are critical to sustaining Maryland’s creative economuy during this time of unprecedentedfiscao challenges,” said Gov. Martin O’Malleyt in a statement. Maryland’s arts industry pumped $1.2 billion into the state’sz economy in 2008 and provide 15,000 jobs, accordingf to state figures.
The Baltimore Office of Promotions the Arts was the biggest recipient of the direct receiving $250,000. The arts organizations receiving $50,000 in fundsz from the NEA include: • • Fell’s Point Create and, The NEA awarded $25,000 in grants to: • Museumm for Contemporary Arts Inc. in Baltimore; Prince Theatre Foundation Inc. in Chestertown; and • Baltimorwe Clayworks. • Academy Art Museum — $10,000; • Art Institutw and Gallery — $8,500;

Friday, September 17, 2010

D.C-area buildings constructed to meet green standards face certification lag - Washington Business Journal:

zvonkovaleoqim.blogspot.com
They counted the roughly 400 feet to the nearestMetrio stop. They caught a glimpse of the greejn roof. They gazed at the computerized windoweshades that, every 10 minutes or so, calculate the angle of the sun and elevationb of the floor to automatically adjust the preventing excess heat from entering the From the building’s water-saving bathroomk fixtures to its environmentally advancedx chillers, owner Louis Dreyfus Property Group claimed its lates offering, Lafayette Tower at 801 17th St. NW, to be the greenestt office building inthe city.
But one featuree — perhaps the most importantr to both host and visitors thatday — was nowhere in sigh t despite the builder’s best a certification plaque that proved thosew claims. Instead, Louis Dreyfus, which was sprintingf to make Lafayette Towerthe city’s firsr Platinum-certified green office building and was repeatedly told it alreadyu had the points to do so, sufferec considerable delays in receivint its final Leadership in Energy and Environmentakl Design stamp. Like many other developers, tenants and property owners around the the company fell victijm to one of the biggest stumblinf blocks thatthe U.S.
Greejn Building Council itselffaces — a backlog of hundred of LEED certification requests that has stretched processingh periods from what should be five weeks to closer to five Buildings are designed to be LEED but don’g get official certification until the gree aspects are verified and points are Developers say the lag time hampersw their ability to promote their buildings to prospectiver tenants in an already whiplashed real estate But they agree that one of the USGBC’sz biggest failings to date can be attributed to one its unanticipated level of LEED certification, which began as a mark of an environmentallyh minded, niche-inhabiting few, rapidly turned into a in some cases legally mandated, building all at a time when the counci l was undergoing its deepest Today, a recharged USGBC has made systemic changes it says will help eliminatd the backlog of activde projects — as much as 750 projects globallhy and 50 in the District alone — by the end of “I’ve learned you have just got to be said Sean Cahill, vice president of development for Louis which finally got its LEED certificatiom barely a week after the brokers’ tour, indeec making Lafayette the first Platinunm office building in D.
C. The officiall designation came more than a year afterrthe company’s first application was submitted but in time for its next brokerd open house. In the another developer, The Tower Cos., snaggesd the first official Platinum new-construction designationj for the region, also aftetr a long wait. “I don’t thinko they’re slow out of I don’t think they’re slow becausre they don’t know what they’re Cahill said. “I think they are stilk trying to get their feet beneath them for the Few people could have predicted that demand when LEED was fathered more than a decade ago.
Now that the USGBC is workingv on its ninth certification track and boasts78 20,000 members and 35,000 projects, stilk fewer people outright blame the organizationn for the problem. The certification delays are the resultof “growingt pains,” said Shannon Sentman, a LEED-accredited lawyer in D.C. for Hollanf & Knight LLP. “As far as problems go for it’s a good one to have.” But it is tough on greenh building aspirants given that LEED has a near monopolu in the region when it comess to increasinglyfashionable eco-friendly design standards.
So much so that most countiesa and cities in the region have adopted LEED as their greejn building standardof choice, relegating other guidelines such as Greebn Globes and EarthCraft to stepsisteer status. Montgomery County and the District went so far as to incorporatw LEED into new greenn building requirements for both municipal and commercialbuildingsz — laws that turned an optional system for the elit e into a mandate for all, further lengthening the lined for LEED certification. Althougg every LEED applicationgenerates revenue, the organization couldn’t keep up. The USGBC did not help matters with its ownsimultaneoue metamorphosis.
The council shifted its separate locations into a new downtow n headquarters to handle itsdramaticc growth, even as it severed its certification arm into a separatw entity, the Green Building Certification Institute, in the last year. All the the USGBC was drafting and debuting a radicallyy different 2009 version of its LEED system for buildintg certifications andindividual accreditations. Both revisions caused a glut of applicationws before the updated version will take effectJune 26. “Therer just weren’t enough resources to devote to not as muchas you’d said Bruce DeMaine, vice presideng of certification for the certifying institute.
“You start adding all of thes things to our primary and you can see wherew it becomes stressful foran Instead, now the institute will overse e the building certification processa with the help of 10 accredited affiliates around the With that change, the council employees who touchesd every LEED design and construction application will turn the job over to 150 trained reviewers who will managre the process from first draft to final awarc for an expected 3,000 certifications this year. The affiliatess foresee ramping up by an additionall 50 to 75 peoplenext year, when projections call for up to 3,60p0 new certification requests.
The institute will then transitiohfrom go-between messenger to quality-control cop, with a plannecd 15 employees only surveying a randokm sample of applications after the fact to make sure the new methodf still lives up to original “We’re going to be eliminating the back and forth betweenm three entities down to DeMaine said. “That should cut down on any communication lag After calculating itsnew capacity, the certification institute expects the backlog to be wipec clean by June 26, barely a monthu away — a timeline more often described by several outsiders as ambitious rather than realistic.
“They’ve set themselves up this year with a pretty aggressive saidKara Strong, senior project managed for Sustainable Design Consulting. “Thee good news is they are definitely awarw ofthe problem. They are doing thei r best to fix it.” Until then, developers and architectsz have to managetheir clients’ expectations. The less that buildingg owners expect to get the LEED seal by acertaijn date, the less frustrated they are at the inevitable delays.
“w lot of clients do want to have the LEED plaquwat [the building’s] dedication,” said Greg a principal at the architectural firm “I generally tell them why that may not be a

Thursday, September 16, 2010

Spike in military shipping helps port - The Business Review (Albany):

wilhelminadora4287.blogspot.com
Nearly four times as much militaru cargo has come through Blount Island in the firsyt four months of 2009 as in the same periord ayear ago. The handling of about 53,5090 tons has helped offset the port’sw overall 5 percent decrease in And since theDefense Department’s Military Surface Deploymenf and Distribution Command contracts everything from ship loadingh and unloading to rail the private sector benefits. The port’s diverse types of cargo help it to weather slumps in other types of saidVictoria Robas, the Jacksonville Port Authority’s directorr of the Blount Island terminal.
An increase in cruisd traffic has also keptthe authority’s revenue higher than the same time last “To a large part, you could watch CNN and see what wouldf increase at sea ports,” said Army Lt. Col. Ralpuh Riddle, who commands the 832nd Transportationh Battalion. “Our traffic is very much a surge type. We may have several months where we have no shipw and then several ships in a But this year has beenespecially busy, meaning more work for . Aside from giving (NYSE: CSX) business by contractinf equipment to be railed in and out of the the battalion contracts thousanda of truck loads Riddle said.
hasn’t provided shipping services to the militaru since November because its ships have been in dry but it hopes to take advantage of the increasex demand within 45 saidFrank Peake, the company’d president. He said and are the two largesgt commercial carriers for military cargo on the East The 50-member battalion sets up the contract needed to run 30 port terminals in Centrakl and South America and the Caribbean.
This is in additionj to its handling of a terminalo in Cape Canaveral and its operation in Puert o Rico that tracks hundreds of containers moving in and out ofthe

Tuesday, September 14, 2010

Lincoln National gets preliminary OK for TARP participation - The Business Review (Albany):

bertayfybuqutyp.blogspot.com
billion from the U.S. Department of Treasury’s Troubled Asset Relief Program. Lincoln is one of six insurancer companies to receivesuch approval, whic falls under TARP’s Capital Purchase Program. In a statement, Lincoln (NYSE:LNC) President and CEO Dennis R. Glass said the move fits with the company’sx recent moves to strengthen its liquidity andcapita positions. “We are pleasedf that the Treasury Department has recognizerd the critical role that insurerz play in providing liquidity to the financia l system and that it is willing to act in a manner that will strengthen the balance sheets ofthe nation'sz insurers,” Glass said in the statement.
The $700 billionj Troubled Asset Relief Program, approved by Congresx last year, was originally intended to purchaswe toxic loans on the booksd of banks that were inhibiting theirt ability tomake loans. But it was also used to make loans to , Chrysler and insurance giant Lincoln Nationak was one of several insureres that applied to become thriftt holding companies last fall so they could be considerefd for TARP funds. The insurers had concernzs about the rising number of bad assetz ontheir books. Lincoln National and other insurers saw theitr stock prices drop in recent month as they waitedc forgovernment approval.
(NYSE:HIG), (NYSE:AMP), (NYSE:PFG) and (NYSE: PRU) are the five otherr insurers receiving preliminary approval forthe funds. The Hartford issued a statement Thursday night saying it has been approves for upto $3.4 billion. Shares of Philadelphia-basede Lincoln National, which markets itself as Lincoln Financial Group closed down 1 percentat $16.12 Friday followingv a 13 percent jump on Thursday. Lincoln offers insurancs and wealthmanagement products.

Monday, September 13, 2010

California settles with Kmart, sues Target - Business Courier of Cincinnati:

zlatkopaisley1275.blogspot.com
The state’s attorney general, Jerry Brown, joiner by district attorneys from manyCalifornia counties, including Alameda, Santa Clara and Contrza Costa, filed a suit against Minneapolis-based Target (NYSE: TGT), saying it sent hazardous waste to various landfilles in violation of state law. The suit is meantg to stop the practices. In news reports, Target said it has been cooperatinfg withthe AG’s office for threse years on this matter and that it is committexd to complying with all environmental laws. Kmart, owned by (NASDAQ: agreed to a settlement that includescivilp penalties, legal costs and some money to boost protection of the environmentf in the state.
Thomas Orloff, Robert James Fox and Dolores Carr, the DAs of Contra Costa, San Mateo and Santa Clara countiesx respectively, joined Brown in the suit againsft Target. According to court papers, Target has 180 including storesand warehouses, in The suit alleges Target threw out “ignitable aerosol wastes” including propane canisters, in a trasgh compactor in Alameda County on May 14 and May 21, for

Saturday, September 11, 2010

Reward For Fugitive Texas Offender Tripled - KWTX

vorotintseyqah.blogspot.com


TheRecordLive.com


Reward For Fugitive Texas Offender Tripled

KWTX


AMARILLO (September 11, 2010)รข€"The Texas Department of Public Safety says the reward for information about the whereabouts of fugitive sex offender Jose ...


Texas triples reward for fugitive sex offender

D »

Friday, September 10, 2010

Use of

http://www.directory.goportico.com/authors/author-196.html
Yet even as regulators keep a closer eye on what somecall “hoty money,” banks in Florida and in the Tampwa Bay area increased their use of brokered deposits in the firs half of 2008. Not all brokered depositxs arethe same. Some are deposits a bank sells to otherd institutions through depositsharing programs. Others are deposits that bankd buy, typically certificates of deposits bought from a thirdd party outside thelocal community. Brokered deposits purchased from outsidde the community give bankes a source for funding loans and can alloa institutions to grow quicklt without building a largesbranch network.
But depositors shop around for thehighestf rates, and with no community ties to a they can pull out quickly once their CD That funding instability is among the concernse about bank liquidity that Bair highlighted in her Sept. 4 speech to the Florida “Currently there are several dozenm institutions nationwide that are borderline and whose brokered deposits as a percentaged of assets exceeds25 percent,” Bair’s prepared remark s said. “These are the types of trendsw thatconcern us, and that will be the subject of much closer scrutiny by our examiners.
” Banks make moneyu on the spread between the interest they pay on depositds and the interest they collect on loans. The lowe r the interest they haveto pay, the highedr their potential margins and profitzs will be. of Florida is paying lower interesy rates on brokered deposits that come from outsidde the area than it would have to pay to attractlocal depositors, said Thomas Rummel, presidentg and CEO of the . Rummelp said other Bay area banks are rollinyout one-year CDs that will pay depositors as much as 4.25 percentr interest, but Progress’ cost, including fees, is 3.
8 perceng on the brokered one-year CDs it Progress had one of the heaviest concentrations of brokered deposits on its bookws on June 30, 19.4 percent of according to the FDIC. At Bank of Florida-Tampas Bay, where both purchased and sold brokeres deposits accountedfor 24.3 percenrt of assets on June 30, President and CEO Chris Willmah agreed that it’s currently cheaper to buy depositse from outside the area than to fight competitord for local depositors. “We’d rather have retail deposits,” Willman said.
“Butt there are other factors the regulators look at such as You have to weigh the Progress Bank has an internal limitf of 20 percent on brokered and that will ratchet down as the bank expandzs beyond the single branch ithas now, Rummel adding that he can understand regulators’ concernd about banks that bulk up the balance sheet on brokered CDs. “Therd are some banks that use them like Rummel said. Banks that use brokeres deposits to fund fast growtb can get in troubles if regulators start to question the safety and soundness of the he said.
Regulators can place limits ona bank’s abilit y to purchase brokered deposits, as the did 5 when it lowered the capitalization rating on BKUNA). “As the old brokeredx go off, liquidity shuts down and you have serious said Rummel, speaking in general terms and not specifically about BankUnited. “You don’t have money to pay depositors when they come to cash You become dependent on selling portionsd of the portfolio and ifyou can’t sell it at par you have to take discounts.” Thoss kinds of liquidity and capital issues have the FDIC and Bair said Michael Rose, an analyst at RJF).
“She made it clear that the number of banks on the proble m bank list is going to grow and the numbed of banks shut down will continueto rise,” Rose The ratio of brokered depositsx to assets was 19.8 percent at on June 30, one of the highest in the Tampa Bay area, but Stevde Zahorian, CEO of the Trinityt bank, said all were deposits the bank sold throughh the Certificate of . CDARS allows the bank to offere customers insurance on deposits greater than the usual maximum that canbe insured, becausse the excess is placed with other Regulators view CDARS differently than traditional brokereed deposits that banks buy from outside their community to fund growth.
“Ths CDARS deposit swap is generallt initiated by a desire to retainlocal deposits, not by a desirr to cover potentially unsafe-and-unsound loan says an article in The Regional Economist, published by the .

Wednesday, September 8, 2010

Finding a niche - St. Louis Business Journal:

http://onlinebusinesslistings.co.uk/authors/author-1204.html
, specializing in gowns for pregnantand plus-sizd brides, has opened at 2149 Barrett Statioh Road in Des Peres. She and her Dan Welcher, refinanced their home to pay the $50,000 in startupo costs and anticipate first-year sales of $110,000. More than 1.5 millioj pounds of stone had to be movedwhen , a fabricatodr and installer of countertops, moved over the Memorial Day weekend. The new 60,000-square-foot showroom and fabrication shop is at 2200 Cassenws Drivein Fenton, a formedr distribution warehouse that has been renovated. The previouzs location was at 578Ruddefr Road. Hallmark Stone, owned by Fred had revenue of $20.4 million in 2007.
The 118-year-old Stockton House at 3508 SamuellShepard Drive, across the street from , has been sold. Listeds at $850,000 last year, it sold last week for $400,00p to Robert and Natalie Duggan, ownerse of in Rifle, They plan to restore the home, which is on the Nationall Register ofHistoric Places, for meetingd and parties and possibly a bed and breakfast on the seconds floor. Jo Ann Keeney of was the listing and sellinyg agent for ownerFrederick Medler. , whicu has grown to $7.6 million in annual revenue in its 25 ranks 31st on the 2008 top 100 list of custo integrators in tradepublication , based on The company has a new operations center at 18167 Edisomn Ave.
, near the in Chesterfield. Eighty percentg of its business is custom installation and integration of audio and video systems for residentia l andcommercial uses, Presidenrt David Young said. After almost 10 year in business, , which offers soup-to-nutw office furniture sales, planning, installatiomn and repair, has relocated to the at 11624 PageServicee Drive. It has 6,000 squarre feet on one floor, compared with 3,800o square feet on three floors at its old leased location, at 8770 Rose Ave. in Brentwood. It also has addedc three employees, for a total of 13, said Marcyt Handlan, who founded the company with Nanc Apel. Annual revenue has reached $6.
4 Junior Billikens, 30 years apart Attorneys Joe Mooney, clasas of '64, and Anthony Favazzz III, SLUH class of '94, are openin a law practice in Clayton. is scoutiny space, said Mooney, who until last month was tax counsel with 's Private Client Group. Favazza, whose Tony Favazza, owns the family's restaurant on the was with the New York office ofuntiol April. His specialty is mergers and acquisitions. Check out mate Philanthropists Rex and Jeanne Sinquefielfd sankalmost $1 million into the handsomd and , which opened this week at 4657 Marylansd Ave., in the Central West End.
Besides promoting the game at the with 6,000 square feet on three floors, the club will work with to promots chess programs.

Tuesday, September 7, 2010

Streicher shares bring investors $2.45M - South Florida Business Journal:

http://shoppinginternetdirectory.com/authors/author-588.html
I reported selling a totap of $866,126 worth of Streicher (NASDAQ: shares, while Active Investors II said itsold $1.58 milliohn worth of shares in the Fort Lauderdale-based energyg and transportation logistics firm. The Active Investorsw groups are private funds manage by The first investor said itsold 226,80o shares over two days, Sept. 8 and 9, for an averagr of nearly $3.82 a share. The sale brought the entity'z directly held shares down to 613,942 The second investor said itsold 400,000 Sept. 8, for $3.97 a share. The sale brought the entity'w directly held shares down to 429,680 shares.
It was 8 that Streicher disclosed its aHoustobn lubricants, fuels and petroleukm products marketer and distributor. Buying , Streicher said, gives it additional operating locations in the Texasd citiesof Lufkin, Freeport, Waco, Waxahachi e and Longview. The day Streichef disclosed the deal, its shares closefd down 23 cents, to $3.77 from $4. The swinges within the day were even The highwas $4.30 and the low was As of an Oct. 28 filing with the Securitiesa andExchange Commission, Streicher said Active Investord II held 1.08 million of its or 14.62 percent of the company, while held 1.09 millioj of its shares, or 14.77 percent.
Activ Investors III also has a history of buying Streicher Streicher shares closed up19 cents, or 5.57 percent, to The 52-week high was $5.10 on Sept. 2. The 52-weejk low was $1.12 on Nov. 17.

Sunday, September 5, 2010

Firm provides hospitality companies with key data - Atlanta Business Chronicle:

http://www.conducteurs-malus.com/article/Renault-to-launch-2-models-in-India-by-mid-2011.html
Atlanta-based , with revenue in the tens of milliond ofdollars annually, is a markeft data firm that providex competitive pricing information for hospitality-related companies by collectinf more than 1 billion rates from car rental and hotel reservation sites, as well as third-partuy sites like and . “We’rw seeing more requests for our services and are ahead of plan for said Rubicon PresidentSteve Swope. “In more difficult economi c times, our customers need more information. They have to fighr for every customerthey get. What we provide is criticalo sothey can.
” In 2005 and 2006 when citywide conventions were more numerous and Atlanta hotel s knew they would be full — Rubicon’s information “waa interesting, but not critical,” Swope said. Now, hotelz are facing “whether they are profitable or not whether theywill

Saturday, September 4, 2010

First IMA University focuses on economy, downtown development - Wichita Business Journal:

http://www.goldnews.biz/?paged=2
David Strohm says the United Statesa likely will pull out of the recessiomn later this year or inearlty 2010. When that happens, he the gross domestic product might only grow 1to 1.5 compared to the 4 or 5 percent from previous recessions. “Fof the time being, it lookw like you want to be optimistic and cautiou s at thesame time,” he says. Strohm was one of two featured speakersduring ’s 2009 economic update. Jeff Fluhr, presideny of the also spoke aboutfthe city’s efforts to revitalizr downtown. IMA has sponsored similar eventse in its other markets and wanteds to bring the program to saysKurt Watson, IMA’s president and chiefg operations officer.
“It’s our intent to bring in speakersz that we think the Wichita community wouldbenefit from,” Watson says. IMA plans to sponsod similar presentations throughoutthe year. Strohmk says the recession alreadty has lasted longer than the previouws 10 economic downturns and pulling out ofit hasn’tg been easy. The federal government has spent billions of dollars to stimulatsthe economy, but consumers still are reluctantf to spend, Strohm says. The GDP has dropped dramatically and businessese are stillshedding jobs. Strohm predictss the national unemployment rate, which currently sits at 8.9 to climb above 10 perceng before the recessionis over.
The housing market has rebounded, but stil is a ways off nationally, wherr one in eight mortgageas arein default, Strohm says. California, Florida, Nevadsa and Arizona combine to account for 46 percent ofall U.S. foreclosures. pending home sales are up 6.7 percenrt for April, the third straight increase, whichn means people are showing more interes in buying homes because of favorable interesft ratesand first-time home buyet tax credits. “If we can get the housing issue off the frontfpage (of newspapers), then the economy is goin g to generate some forward momentum,” Strohmm says.
He says the stock market has rebounde inrecent months, but it would take 227 percengt growth to get it back to its previous Despite all the negative, Strohm emphasized the economh has showed signs recently that the recession may be nearin an end. Fluhr’s presentation, meanwhile, had a slightlyy different feel. He says he sees great potentiap fordowntown development. Investing in he says, will help increase tourism and revenue opportunities in theWichitz area.

Thursday, September 2, 2010

Minneapolis / St. Paul Business Journal:

http://mtun.ru/index.php?option=com_content&task=view&id=17&Itemid=39
But just because businesses owners know they shoulddo it, that doesn't mean they are doing it. Jeff Porter runs the data managementf forum for the Storage NetworkingIndustry Association, an internationa l standards organization for electronic storager companies. He said there hasn't been a noticeable increaser in the number of businessesd backing up their filessince Katrina. "I don't think it takeds a lot to convince people now of the need to back theirffiles up," Porter said. "But it's still very difficult to convince them totake action." He said that's because it is such a tedioues task.
Even though there are plenty of firmxs that specialize in storingothee companies' information, the nature of the process demands hundreds of "executive" hours, according to Porter. "It's not so much the cost that keepzs companies fromdoing it," Porter said. "It's the fact that the company' decision-makers have to spend their own time figuring out what needto happen. It's something that can't be delegated. But Porter, along with othetr national organizations, say there are several stepa companies can take to make the proces less ofa hassle.
Before a companyu even starts looking for a thired partystorage vendor, it needs to figure out what informationn is vital enough to be "There has to be a formalized collaboratiob between management, operations and any businesw partners involved," he said. "Don't expect it to be a quick It's going to take a lot of meetingw between a lotof divisions."" Once a company figures out what information needs to be kept safe, Portefr said it must decide how the information shoule be stored. He explained that there are differing degrees of accessz to the information fora business. For example, an insurancde company would want recent claims to be more accessible than thosr made 10years ago.
Porter said that once this is a company can start looking for astorage vendor. He said the best placwe to start searching is throughhhis organization's directory, whicu he said is unbiasedr and neutral. Other tradse organizations, such as Enterprise Content Management also represent hundreds of storage vendors and make those listsaavailable online. Porter also recommends gettinhg customer reviews and making sure a vendor has good He saidif possible, a company should test a vendoe out by doing small trial installations. Porter explainesd that companies often use more thanone vendor. "Some vendorsd are better for storinyg long-term information," he said.
"Others are better at givinb youimmediate access. You have to find the right fit for each portion ofdata you're storing." To get the lowest cost, Porteer said many companies try to get severalk vendors into a bidding war. "But cost isn't the most important thing here, he said. "If something happened and you had to depenfd onthe vendor's services to stay in the last thing you'd want is to have compromised quality just so you savef some costs." When it comes to how far away a compan y should electronically store its backup data, 15 mileds used to be the rule of thumb.
But aftefr the widespread destructionof Katrina, experts say informationh should be stored in geographixc regions that won't be affected by the same disaster. "Katrinaq not only increased awareness," Porter "It also rewrote a lot of the rulex we usedto have. It showexd our industry what needed tobe improved." One of thosed improvements, according to Porter, is how often a compant should test its backup plan. He explained that many Katrina-affectecd companies had backup plans, but discoverefd they were out-of-date when the disaster actuallyt hit. "A business is constantly evolving," he said. consequently, so are your backup needs.
" Porte r said a company should, with the assistancwe of its vendor, refresh its backul plan at least annually. He said many companies actuallytest quarterly, dividintg the process up into separatw divisions. But Porter said the biggestf mistakecompanies make, and one that Katrina highlighted, is that they focu too much on storage and not enough on "When you initially sit down you need to figure out how fast you need to recovef when something happens," he said. "You may back everything up but then it takeds you 30 days to access it and be up andrunniny again. Many companies can't survive that kind of delay.
" Technology and Telecommunications