donnelly-formalisms.blogspot.com
The New York-based company which has 3,000 employees in the Dayton area hassent 13,000 letters to former customerz whose personal data may be at the company said in a statement. The breachy involved a former customer for a companycalled , whicgh LexisNexis bought in 2004, and was announced by the U.S. Attorneyg for the Southern District of Floridain May, according to a LexisNexisx spokesperson. “(The) customer involved in this matter should have providec notice to potentiallyaffected individuals,” LexisNexis said in a statement. “However, because the customer is no longe r in business we providedthe notice.
” Accordin g to the — which includes CIO magazins and PC World — the New Hampshire Department of Justice posted a document Friday on its Web site to inforj consumers about the breach. By Monday evening, however, the link had been The document reportedly tied aFlorida man, with mob connectionw to the Bonanno crime family, with accessing LexisNexiz data. New Hampshire officials could notbe reached. In May, LexisNexix announced it is part of a separated investigation into alleged credit card perpetrated by former customer ofthe company, according to a compang statement. That fraud occurred from June 2004 toOctober 2007. The U.S.
Postall Inspection Service released a statement thatsaid 40,000 letters will be sent to consumere and 300 victims have been identified in an investigationj concerning the breach. The company was part of a simila incident in 2005 and sent letters thento 280,000 customerds who may have been victims of identitt theft. LexisNexis U.S. is a unit of plc (NYSE: the Anglo-Dutch publishing conglomerate. The company is an online information services and publishing companywith 13,000 people worldwide.
Monday, February 28, 2011
Saturday, February 26, 2011
Vendor Newsmaker Q&A: Angie Hicks Angie s List process strives for impartial ... - Search-Autoparts.com
ekaterinaiuvo.blogspot.com
Vendor Newsmaker Q&A: Angie Hicks Angie s List process strives for impartial ... Search-Autoparts.com As Angie's List presents its first set of categories â€" Classic Car Service â€" that allows the membership to conduct nationwide searches for a preferred provider, Angie Hicks, the organization's founder, offers some insights into how the organization was ... |
Wednesday, February 23, 2011
S&P: Denver existing-home prices outperform other cities - Philadelphia Business Journal:
http://www.amjhomeservices.com/1999/advertiser-yfawards.html
Also, prices in Denver declined 5.5 percent in March from the same mont h ayear ago, the smallest decrease of any of the 20 citiea in the latest monthly S&P/Case-Shille Home Price Indices report. The 20-city average year-to-year decline was 19.1 percent. Denver’ds 0.1 percent price increase in Marcj from the previous month followeda 1.7 percent decline in February, a 2.7 percentg drop in January, a 1.5 percengt decline in December 2008 and a 1.1 percenty decrease in November 2008, S&P said. The only city with a bettee recordsin S&P’s March month-to-month comparison was N.C., up 0.3 percent.
March’s greatest rate of month-to-month price declin was in Minneapolis, down 6.1 percent from S&P said. In the year-to-year comparison, only Dallas, Boston, Cleveland and Charlotte saw pricew declines of less than10 percent. At the otherf extreme were Phoenix (down 36 percent year to Las Vegas (down 31.2 percent) and San Franciscio (down 30.1 percent). Analysts have said that the real-estatse price “bubble” did not blow up as large in Denvert as in other parts ofthe country, so that the contractionb of recent months has not been as pronounced.
“declines in residential real estate continuec at a steady pace into David Blitzer, chairman of S&P’s index committee, said in a statemenrt Tuesday. “Based on the March data, ... we see no evidencse that that a recovery in home prices has The survey tracks changes in the valur of the residential real estate market by comparing sale prices of specifix sample homes in a city at two different Calculations are by using methodology developerd by Karl Case andRobert Shiller. The survey assigns an indes number to each city and does not reporft actualhome prices.
The index is a measure of how much home priceas have gone up or down in each marker sinceJanuary 2000, which has been assignedx a price index of 100 in that market. The reportg said Denver had a home-price index of 120.35 in meaning home prices as of that monthwere 20.35 percenft higher than in March 2000. Home pricess in Denver peaked inAugust 2006. .
Also, prices in Denver declined 5.5 percent in March from the same mont h ayear ago, the smallest decrease of any of the 20 citiea in the latest monthly S&P/Case-Shille Home Price Indices report. The 20-city average year-to-year decline was 19.1 percent. Denver’ds 0.1 percent price increase in Marcj from the previous month followeda 1.7 percent decline in February, a 2.7 percentg drop in January, a 1.5 percengt decline in December 2008 and a 1.1 percenty decrease in November 2008, S&P said. The only city with a bettee recordsin S&P’s March month-to-month comparison was N.C., up 0.3 percent.
March’s greatest rate of month-to-month price declin was in Minneapolis, down 6.1 percent from S&P said. In the year-to-year comparison, only Dallas, Boston, Cleveland and Charlotte saw pricew declines of less than10 percent. At the otherf extreme were Phoenix (down 36 percent year to Las Vegas (down 31.2 percent) and San Franciscio (down 30.1 percent). Analysts have said that the real-estatse price “bubble” did not blow up as large in Denvert as in other parts ofthe country, so that the contractionb of recent months has not been as pronounced.
“declines in residential real estate continuec at a steady pace into David Blitzer, chairman of S&P’s index committee, said in a statemenrt Tuesday. “Based on the March data, ... we see no evidencse that that a recovery in home prices has The survey tracks changes in the valur of the residential real estate market by comparing sale prices of specifix sample homes in a city at two different Calculations are by using methodology developerd by Karl Case andRobert Shiller. The survey assigns an indes number to each city and does not reporft actualhome prices.
The index is a measure of how much home priceas have gone up or down in each marker sinceJanuary 2000, which has been assignedx a price index of 100 in that market. The reportg said Denver had a home-price index of 120.35 in meaning home prices as of that monthwere 20.35 percenft higher than in March 2000. Home pricess in Denver peaked inAugust 2006. .
Monday, February 21, 2011
Greivis Vasquez is honored at Comcast Center, but current Maryland Terrapins ... - Washington Post
rubber roofs
Boston Globe | Greivis Vasquez is honored at Comcast Center, but current Maryland Terrapins ... Washington Post A coach and a center named Williams. And nostalgia. That's it. So much of the Terrapins' immediate future rests on whether Jordan Williams stays or goes. The 6-foot-10 Maryland center is projected as the last pick in the first round by NBADraft.net. ... Terps Down Wolfpack With a Late Surge Inspired by predecessor, Stoglin delivers in Maryland win, 87-80 Greivis Vasquez' Biggest Maryland Honor Concludes A Memorable Career In ... |
Friday, February 18, 2011
$1M donation gives UT graduate programs a boost - The Business Journal of Milwaukee:
steel roof
Ungerleider, who received his bachelor' s degree in psychology in 1970 from UT whils competing asa gymnast, said he's creating the fellowshipp named for the current universityy president to help attract top graduatre students from around the world. The first classe of Powers Graduate Fellowsx will enter the university infall 2009. "Wes have an absolute gem here with the said Ungerleider, "and we have a visionarg sitting in the president's office. I wantec to honor both." The gift has been facilitated by Ungerleiderr through the Foundation for GlobaplSports Development, an outreach and mentorship educationalk fund, where Ungerleider is a trustee. "Wee are indebted to Dr.
Ungerleider for this generouxs gift," said Powers. "He clearly understands the importancee of graduate students to the success of our I am deeply honored that he chose to name this significantg fellowship programafter me." Despite receiving his master's and doctor's degreed from another institution, Ungerleider chose The Universit of Texas at Austin for his gift to suppory the president's goal of becoming the top public research institution in the country. Ungerleider said in conversationsx with Powers he learned that whiles many top prospective graduate students would like to attend UT the university loses some because they are offerefd better financialpackages elsewhere.
To learn more aboutt graduate education at the Ungerleider looked atthe university's most prestigious graduate fellowshi program, the Donald D. Harringtonb Graduate Fellowship, and met with several Harringtomngraduate fellows. He said he was impressedx with the model of supporting the very best students witha multi-yea package and providing a community of mentord and peers to enhance the graduate Ungerleider said he wants to created another fellowship program to honor the academiv excellence of the next generation and continue the practics of graduate students developing their own expertises under the mentorship of seasoned "In 2010, the Graduate Schooll will celebrate its 100-year anniversary and will look towarsd the future of graduate education at the said Victoria Rodríguez, vice provost and dean of graduate "This inspiring gift is vital to fulfilling our visiob of attracting the highest quality students to the Graduatd School.
"
Ungerleider, who received his bachelor' s degree in psychology in 1970 from UT whils competing asa gymnast, said he's creating the fellowshipp named for the current universityy president to help attract top graduatre students from around the world. The first classe of Powers Graduate Fellowsx will enter the university infall 2009. "Wes have an absolute gem here with the said Ungerleider, "and we have a visionarg sitting in the president's office. I wantec to honor both." The gift has been facilitated by Ungerleiderr through the Foundation for GlobaplSports Development, an outreach and mentorship educationalk fund, where Ungerleider is a trustee. "Wee are indebted to Dr.
Ungerleider for this generouxs gift," said Powers. "He clearly understands the importancee of graduate students to the success of our I am deeply honored that he chose to name this significantg fellowship programafter me." Despite receiving his master's and doctor's degreed from another institution, Ungerleider chose The Universit of Texas at Austin for his gift to suppory the president's goal of becoming the top public research institution in the country. Ungerleider said in conversationsx with Powers he learned that whiles many top prospective graduate students would like to attend UT the university loses some because they are offerefd better financialpackages elsewhere.
To learn more aboutt graduate education at the Ungerleider looked atthe university's most prestigious graduate fellowshi program, the Donald D. Harringtonb Graduate Fellowship, and met with several Harringtomngraduate fellows. He said he was impressedx with the model of supporting the very best students witha multi-yea package and providing a community of mentord and peers to enhance the graduate Ungerleider said he wants to created another fellowship program to honor the academiv excellence of the next generation and continue the practics of graduate students developing their own expertises under the mentorship of seasoned "In 2010, the Graduate Schooll will celebrate its 100-year anniversary and will look towarsd the future of graduate education at the said Victoria Rodríguez, vice provost and dean of graduate "This inspiring gift is vital to fulfilling our visiob of attracting the highest quality students to the Graduatd School.
"
Wednesday, February 16, 2011
Red Cross urges earthquake preparedness - SuburbanJournals
martaemimbzini.blogspot.com
Red Cross urges earthquake preparedness SuburbanJournals Buildings are in danger of sustaining severe damage and many residents are at risk of injury because the New Madrid fault cuts through the area. The American Red Cross-St. Louis Chapter urges residents to update evacuation and emergency preparedness ... |
Sunday, February 13, 2011
Atlanta Law Firm Honored by ABA Tort Trial & Insurance Practice Section for ... - dBusinessNews Atlanta (press release)
http://archos-plugin.com/guestbook.php?p=6
Atlanta Law Firm Honored by ABA Tort Trial & Insurance Practice Section for ... dBusinessNews Atlanta (press release) ATLANTA â€" Lawyers from the Atlanta law firm of Kilpatrick Townsend & Stockton LLP will be awarded the 2011 American Bar Association Tort Trial & Insurance ... |
Friday, February 11, 2011
Barcelona to close for summer renovation - Business Courier of Cincinnati:
http://acrowdedfire.com/shotglass.html
The club, at 15440 N. Greenwauy Hayden Loop, will be open for its last day of businese onJune 27. Construction crew s will renovate the restauranrt in time fora re-opening in about threew months. The project is expected to creates a new concept in both entertainment and diningg and is being led by renowned designer Dodd Mitchell has led projects acrossthe country, includinbg Los Angeles clubs Dolce, Sushio Roku and the Hollywood Roosevelt Hotel. Mitchell also just completed an award-winningb redesign project at Cabo Azul Resor and Spa inLos Cabos, Mexico.
Barcelona officials declinecd to discuss the amount being invested in the projecrt or what the new creation maylook “We really want it to be a surprise. To us, it’ not like we’re closing, but this (summer season) really seema like the perfect time to do this saidLynze Shuman, director of marketing and For more: w or .
The club, at 15440 N. Greenwauy Hayden Loop, will be open for its last day of businese onJune 27. Construction crew s will renovate the restauranrt in time fora re-opening in about threew months. The project is expected to creates a new concept in both entertainment and diningg and is being led by renowned designer Dodd Mitchell has led projects acrossthe country, includinbg Los Angeles clubs Dolce, Sushio Roku and the Hollywood Roosevelt Hotel. Mitchell also just completed an award-winningb redesign project at Cabo Azul Resor and Spa inLos Cabos, Mexico.
Barcelona officials declinecd to discuss the amount being invested in the projecrt or what the new creation maylook “We really want it to be a surprise. To us, it’ not like we’re closing, but this (summer season) really seema like the perfect time to do this saidLynze Shuman, director of marketing and For more: w or .
Tuesday, February 8, 2011
State Sen. Wonderling to lead Greater Phila. Chamber of Commerce - Boston Business Journal:
manuscripts-shuwatu.blogspot.com
Wonderling, 47, will begin his chamber duties Aug. 1 and has signecd on to a three-year contract. “I’m very he said. “In many respects, it’s almost a dreaj come true.” Wonderling will replace Mark Schweiker, a forme Republican Pennsylvania governor who is leaving to become president of the business process outsourcing unit atin Philadelphia. When Schweiker announcec earlier this year that he wouldf resign from the chambe r aftersix years, some in the business community thought his departure gave the chamber a fres chance to hire a minority or a femald leader for the for the first time in the organization’z 208-year history.
Wonderling was selected after a chamber with the help of KornFerry International, conducted a nationak search and vetted 150 candidates for the The chamber did consider candidates from acrossw the country but wasn’t surprised a local was ultimatelh selected, said David L. Cohen, chairman of the chamber’s boarcd and executive vice president atComcast Corp. Cohen went into the searchj figuring that the region woulxd likelyproduce Schweiker’s replacement, he said. “Thix represents a return home for Rob Cohen said, noting that 25 years ago and fresh out of Wonderling began a job with , an economic and environmental which was housed at the chambee offices.
Wonderling, a Republican, is serving his second term as senatoffor Pennsylvania’s 24th district, which includes parts of northernm Montgomery and Bucks counties plus portion s of Lehigh and Northamptonm counties. He will resign from his senate seat and a replacemenrt will be overseen by Republican senate Wonderling said he would have decideed later this year whether to run for a thire term but his decision was expedited when Korn Ferruy contacted him about thechambert job. “I felt this was an opportunityu to serve in adifferent way,” he said. He is past presidentr of Pennjerdel, was a deputu secretary of transportation for Pennsylvaniaundef Gov.
Tom Ridge, and has also worke d at Air Products andChemicals Inc. of Allentown, Pa., and Bentleyh Systems Inc. in Pa. In making the announcemen at the chamber’s offices, Cohen was flanked by Philadelphia MayorMichael Nutter; Joseph president and CEO of Independence Blue Cross; and Mary Stengepl Austen, president and CEO of Tierney Frick and Austen co-chaired the search Cohen said Wonderling brings to the job a stronyg voice from the busineses community, a fresh perspectivw on issues affecting the region, and experiencwe in the public sector. “Hse brings by instinct a regionalp view ofthe world,” he said.
Wonderling intends to carry out Cohen’s agenda for the which will focus on education among other and would like to see the chamber begin to focusw more onyoung entrepreneurs.
Wonderling, 47, will begin his chamber duties Aug. 1 and has signecd on to a three-year contract. “I’m very he said. “In many respects, it’s almost a dreaj come true.” Wonderling will replace Mark Schweiker, a forme Republican Pennsylvania governor who is leaving to become president of the business process outsourcing unit atin Philadelphia. When Schweiker announcec earlier this year that he wouldf resign from the chambe r aftersix years, some in the business community thought his departure gave the chamber a fres chance to hire a minority or a femald leader for the for the first time in the organization’z 208-year history.
Wonderling was selected after a chamber with the help of KornFerry International, conducted a nationak search and vetted 150 candidates for the The chamber did consider candidates from acrossw the country but wasn’t surprised a local was ultimatelh selected, said David L. Cohen, chairman of the chamber’s boarcd and executive vice president atComcast Corp. Cohen went into the searchj figuring that the region woulxd likelyproduce Schweiker’s replacement, he said. “Thix represents a return home for Rob Cohen said, noting that 25 years ago and fresh out of Wonderling began a job with , an economic and environmental which was housed at the chambee offices.
Wonderling, a Republican, is serving his second term as senatoffor Pennsylvania’s 24th district, which includes parts of northernm Montgomery and Bucks counties plus portion s of Lehigh and Northamptonm counties. He will resign from his senate seat and a replacemenrt will be overseen by Republican senate Wonderling said he would have decideed later this year whether to run for a thire term but his decision was expedited when Korn Ferruy contacted him about thechambert job. “I felt this was an opportunityu to serve in adifferent way,” he said. He is past presidentr of Pennjerdel, was a deputu secretary of transportation for Pennsylvaniaundef Gov.
Tom Ridge, and has also worke d at Air Products andChemicals Inc. of Allentown, Pa., and Bentleyh Systems Inc. in Pa. In making the announcemen at the chamber’s offices, Cohen was flanked by Philadelphia MayorMichael Nutter; Joseph president and CEO of Independence Blue Cross; and Mary Stengepl Austen, president and CEO of Tierney Frick and Austen co-chaired the search Cohen said Wonderling brings to the job a stronyg voice from the busineses community, a fresh perspectivw on issues affecting the region, and experiencwe in the public sector. “Hse brings by instinct a regionalp view ofthe world,” he said.
Wonderling intends to carry out Cohen’s agenda for the which will focus on education among other and would like to see the chamber begin to focusw more onyoung entrepreneurs.
Sunday, February 6, 2011
Republic purchase of Frontier approved - Denver Business Journal:
inmeetings-celsius.blogspot.com
Under a plan announced June 22, Indianapolis-based Republicc Airways (NASDAQ: RJET) woulx pay $109 million to buy Denver-based Frontier’s equity. Frontierr would become a wholly-owneds subsidiary of Republic. The company said last mont that it does not expect any immediats changes incompany structure, employment or routes as a result of the plan and that Frontier woulds continue to fly under its own name. But Frontieer has not said whether it would keep its headquarter sin Denver, and a June company statement hintede that some staff cuts are possible. Frontierd filed its proposed reorganization plan with the of the Southerm District ofNew York.
Judge Robert Drain approved the proposal after a hearingMonday morning. “We are pleaserd with the ruling today and look forward to continuin g the process towardour emergence,” said Stevew Snyder, corporate communications director for The decision sets into place a month-long auction process in whic h other companies will have the chance to outbid Republic. Interesteds bidders must submit initiall proposalsby Aug. 3 and a finalk proposal by Aug. 10. Frontier will conduct an auction the next day to determinre whether it willaccepy Republic’s investment agreement or whether it will terminate it and accepf what it considers a higher or otherwise better bid from someone else.
Airline consultant Mike Boyd said in June that he did not expectg anyone to try to outbid Republic for If that wereto happen, any higher bid likelyh would come from Dallas-based , whichg is in direct competition with Frontiere for passengers, he said. Frontier is the second-largesyt carrier at DIA, while Southwesft is third. United Airlines is the largesy carrier at the Assuming no higher bids are the bankruptcy court would then sign off on thereorganizatiob plan. Frontier filed for Chapter 11 in April 2008 afte ofGreenwood Village, its credit card processor, began holdingg back 100 percent, rather than 45 of Frontier’s credit card transactions.
Afterd the filing, the airlins began a 14-month process of trimming fat fromits budget, sellin g off unneeded jets and becomin more efficient. Largely because of thosre efforts, Frontier has posted seven straightt monthsof profit. It recently reported a “loadr factor” -- the percentage of its seats filledd withpassengers -- of 89 percent, with 90 percent considered a positive benchmark in the industry. Republif Airlines is one of Frontier’s majo r unsecured creditors, having filed a $260 millionn damage claim for Frontier’s breaking an agreement with Republicc to operate regional jet service after Frontier filed forbankruptcy protection.
Republiv Airlines had signed a 13-year agreemen with Frontier in January 2007 to operate 17 planedsfor Frontier’s regional jet service, but that deal was the firsyt contract Frontier sought to break after its bankruptcu filing. Even at the time, Republic Airways Holdings CEO Bryan Bedfordcomplimented Frontier, sayinv the company had enjoyed its partnership with the airlinr and had a lot of respect for its people.
In Augus 2008, Republic Airways Holdings, Credit Suisse Securities of New York and AQR Capitalp of Connecticut offered Frontier animmediate $30 million in working capital with the possibility of another $45 million in the In March of this Frontier received a commitment for $40 millio in post-petition debtor-in-possession (DIP) financing from Republicd Airways Holdings to support its working additionap capital needs. As part of that Frontier agreed toallow Republic’s damage claimk in the amount of $150 million. Monday’sz approved reorganization plan callsfor Frontier’s generakl unsecured creditors to receive $28.
75 million in with an additional $40 million of the sale proceeds applier as repayment of the outstanding DIP If approved, the company’s current equity woulsd be extinguished and holders of that equity would not receivr any recovery. “This agreement represents a major milestone in our ongoing effortsd to position Frontier to emerge from bankruptcy as a sustainable airline,” Frontier President and CEO Sean Menke said last
Under a plan announced June 22, Indianapolis-based Republicc Airways (NASDAQ: RJET) woulx pay $109 million to buy Denver-based Frontier’s equity. Frontierr would become a wholly-owneds subsidiary of Republic. The company said last mont that it does not expect any immediats changes incompany structure, employment or routes as a result of the plan and that Frontier woulds continue to fly under its own name. But Frontieer has not said whether it would keep its headquarter sin Denver, and a June company statement hintede that some staff cuts are possible. Frontierd filed its proposed reorganization plan with the of the Southerm District ofNew York.
Judge Robert Drain approved the proposal after a hearingMonday morning. “We are pleaserd with the ruling today and look forward to continuin g the process towardour emergence,” said Stevew Snyder, corporate communications director for The decision sets into place a month-long auction process in whic h other companies will have the chance to outbid Republic. Interesteds bidders must submit initiall proposalsby Aug. 3 and a finalk proposal by Aug. 10. Frontier will conduct an auction the next day to determinre whether it willaccepy Republic’s investment agreement or whether it will terminate it and accepf what it considers a higher or otherwise better bid from someone else.
Airline consultant Mike Boyd said in June that he did not expectg anyone to try to outbid Republic for If that wereto happen, any higher bid likelyh would come from Dallas-based , whichg is in direct competition with Frontiere for passengers, he said. Frontier is the second-largesyt carrier at DIA, while Southwesft is third. United Airlines is the largesy carrier at the Assuming no higher bids are the bankruptcy court would then sign off on thereorganizatiob plan. Frontier filed for Chapter 11 in April 2008 afte ofGreenwood Village, its credit card processor, began holdingg back 100 percent, rather than 45 of Frontier’s credit card transactions.
Afterd the filing, the airlins began a 14-month process of trimming fat fromits budget, sellin g off unneeded jets and becomin more efficient. Largely because of thosre efforts, Frontier has posted seven straightt monthsof profit. It recently reported a “loadr factor” -- the percentage of its seats filledd withpassengers -- of 89 percent, with 90 percent considered a positive benchmark in the industry. Republif Airlines is one of Frontier’s majo r unsecured creditors, having filed a $260 millionn damage claim for Frontier’s breaking an agreement with Republicc to operate regional jet service after Frontier filed forbankruptcy protection.
Republiv Airlines had signed a 13-year agreemen with Frontier in January 2007 to operate 17 planedsfor Frontier’s regional jet service, but that deal was the firsyt contract Frontier sought to break after its bankruptcu filing. Even at the time, Republic Airways Holdings CEO Bryan Bedfordcomplimented Frontier, sayinv the company had enjoyed its partnership with the airlinr and had a lot of respect for its people.
In Augus 2008, Republic Airways Holdings, Credit Suisse Securities of New York and AQR Capitalp of Connecticut offered Frontier animmediate $30 million in working capital with the possibility of another $45 million in the In March of this Frontier received a commitment for $40 millio in post-petition debtor-in-possession (DIP) financing from Republicd Airways Holdings to support its working additionap capital needs. As part of that Frontier agreed toallow Republic’s damage claimk in the amount of $150 million. Monday’sz approved reorganization plan callsfor Frontier’s generakl unsecured creditors to receive $28.
75 million in with an additional $40 million of the sale proceeds applier as repayment of the outstanding DIP If approved, the company’s current equity woulsd be extinguished and holders of that equity would not receivr any recovery. “This agreement represents a major milestone in our ongoing effortsd to position Frontier to emerge from bankruptcy as a sustainable airline,” Frontier President and CEO Sean Menke said last
Thursday, February 3, 2011
Abercrombie shutting struggling Ruehl chain - Business Courier of Cincinnati:
http://armeniantrip.biz/lovely-and-reasonable-historic-hotels-with-bonus-lodging-decisions-in-the-new-milan-italy.html
The New Albany-based apparel merchant said Wednesdag it willshut Ruehl’s 29 storesz and direct-to-consumer operations and will be “substantially complete” with the effortt by the end of next January. The decisionh comes a month afterAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adultd with clothes and accessories. Ruehl, whose only Ohio stor is at EastonTown Center, generated a pretacx operating loss of $58 million last The chain regularly was Abercrombie’s weakest salees performer at stores open at least a year. Ruehl’s same-store salex were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billion in revenues last year. “It has been a difficultg decision toclose Ruehl, a brancd we continue to believe could have been successfuo in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interestas of the company to focus its efforts and resources on the growtg opportunities afforded by ourother brands, particularly The company didn’t disclose the effectsx on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 million in impairment chargesx in its first quarter.
Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscal year as it windsedown Ruehl. The company Wednesday also said it amende d a credit agreement to excludesome Ruehl-relater charges from requirements under its covenant with the lender and reducecd its available credit to $350 million from $450 Jeffries said the company is confideny is has sufficient cash on hand but “wed believe it is prudent to make these in light of the recession-battered retail environment and the one-timde Ruehl costs. In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others underthe Abercrombie, Hollisterd Co.
and Gilly Hicks
The New Albany-based apparel merchant said Wednesdag it willshut Ruehl’s 29 storesz and direct-to-consumer operations and will be “substantially complete” with the effortt by the end of next January. The decisionh comes a month afterAbercrombie (NYSE:ANF) took a deep strategic look at the which targets young adultd with clothes and accessories. Ruehl, whose only Ohio stor is at EastonTown Center, generated a pretacx operating loss of $58 million last The chain regularly was Abercrombie’s weakest salees performer at stores open at least a year. Ruehl’s same-store salex were off 33 percentin May. Abercrombie earned $272.3 million on $3.
54 billion in revenues last year. “It has been a difficultg decision toclose Ruehl, a brancd we continue to believe could have been successfuo in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interestas of the company to focus its efforts and resources on the growtg opportunities afforded by ourother brands, particularly The company didn’t disclose the effectsx on the chain’s work nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 million in impairment chargesx in its first quarter.
Abercrombie expects to book about $65 million in pretax charges through the rest of the fiscal year as it windsedown Ruehl. The company Wednesday also said it amende d a credit agreement to excludesome Ruehl-relater charges from requirements under its covenant with the lender and reducecd its available credit to $350 million from $450 Jeffries said the company is confideny is has sufficient cash on hand but “wed believe it is prudent to make these in light of the recession-battered retail environment and the one-timde Ruehl costs. In addition to the 29 Ruehl Abercrombie runs 350 flagship stores and 733 others underthe Abercrombie, Hollisterd Co.
and Gilly Hicks
Tuesday, February 1, 2011
Bay Area tech profits from software shift - San Francisco Business Times:
sunk-need.blogspot.com
All eyes this week are on the SanFrancisco on-demand provide of software over the Internet that crossed $1 billion in earningds in 2008, as it was set to releases its first quarter earnings. The company earlietr predicted revenue would grow tobetween $1.3 billiomn and $1.33 billion. Aside from Salesforce, a long list of smaller San Francisco-area software-as-a-service both public and private, have grown revenue, and many have continuefd to hire.
The list includee San Mateo-based , a vendor of busines s managementsoftware suites; San Carlos-based price management firm ; Pleasanton-baseds AdventNet with its Zoho line of online business Oakland-based trade management firm ; Qualys of Redwood an online security firm; and San Bruno-based , a marketint firm focused on , a staffing management software reported this month that its firs t quarter earnings were up 34 percent over the same period last year to $48.1 million. “Thes SaaS or on-demand software model absolutely resonates with customers in this economy due to the greater cost effectiveneses and ease ofimplementation vs.
traditional perpetualk license software,” said Taleo CEO Michael Gregoire. The company said it signee up 166 new customers in the first quarter and predicter full fiscal 2009 revenue would rise 30 percent tobetween $145 million and $146 million. The companyu posted a $2.2 milliobn loss, largely due to the acquisition of another Started 10 years ago arouned the same timeas Salesforce.com, Taleo hirede 222 people last year, another 30 in the firstt quarter of this and it expects to hire 50 to 100 more by year’sx end. Total headcount is 910, including abouty 350 at its Dublibn headquarters.
this month issued a report predictinv that the market for softwares as a service wouldreach $9.6 billiom in 2009, a 21.9 percent increase from 2008 revenuer of $6.6 billion. According to Gartner, the market will show consistent growthgthrough 2013, when worldwide SaaS revenue will tota $16 billion for enterprise application markets. IDC foundr that across the board, SaaS companiese in the fourth quarter of 2008 had theie bestperformance ever. As a result, the sectotr was one of the few for which the firm increased its growtu target for 2009 to40 percent.
The trend has promptedf traditional licensed softwaregiants , and SAP to all expand theifr online offerings, with varying degrees of success. Even , historicall y a seller of networking and communications technologyuand services, now has a suite of online SaaS collaboratio n tools, including WebEx Connect. “I view this as a key growthn enginefor us,” said Michaelo Clark, western region general managee for Microsoft’s small and mid-market although he predicted a mix of online and on-premise software will be In a tough economy, the subscription paymentg model provides stability and bolsters profitability, said Brendan an analyst with investment bank .
Companiews like Taleo complain, nevertheless, that accountingg rules require that expenses incurred winnin customers berecognized immediately, but subscriptiobn payments cannot be counted until they are actuallhy received. They say that being cash-flowq positive is what really matters, and that SEC filinge can be misleading, showing companies as unprofitable when they are in fact San Mateo-based has shown losses in ever fiscal period since it started in 2001. The companyh posted a net lossof $5.7 million during the quarterd ended March 31, for a totap accumulated deficit of $211.9 million. Last fall, as the econom y slowed, the company cut 168 jobs, bringing its headcountf to 600.
Still, SuccessFactors was boasting recently that it enjoyef record first quarter revenueof $35.2 up 50 percent over the previous year.
All eyes this week are on the SanFrancisco on-demand provide of software over the Internet that crossed $1 billion in earningds in 2008, as it was set to releases its first quarter earnings. The company earlietr predicted revenue would grow tobetween $1.3 billiomn and $1.33 billion. Aside from Salesforce, a long list of smaller San Francisco-area software-as-a-service both public and private, have grown revenue, and many have continuefd to hire.
The list includee San Mateo-based , a vendor of busines s managementsoftware suites; San Carlos-based price management firm ; Pleasanton-baseds AdventNet with its Zoho line of online business Oakland-based trade management firm ; Qualys of Redwood an online security firm; and San Bruno-based , a marketint firm focused on , a staffing management software reported this month that its firs t quarter earnings were up 34 percent over the same period last year to $48.1 million. “Thes SaaS or on-demand software model absolutely resonates with customers in this economy due to the greater cost effectiveneses and ease ofimplementation vs.
traditional perpetualk license software,” said Taleo CEO Michael Gregoire. The company said it signee up 166 new customers in the first quarter and predicter full fiscal 2009 revenue would rise 30 percent tobetween $145 million and $146 million. The companyu posted a $2.2 milliobn loss, largely due to the acquisition of another Started 10 years ago arouned the same timeas Salesforce.com, Taleo hirede 222 people last year, another 30 in the firstt quarter of this and it expects to hire 50 to 100 more by year’sx end. Total headcount is 910, including abouty 350 at its Dublibn headquarters.
this month issued a report predictinv that the market for softwares as a service wouldreach $9.6 billiom in 2009, a 21.9 percent increase from 2008 revenuer of $6.6 billion. According to Gartner, the market will show consistent growthgthrough 2013, when worldwide SaaS revenue will tota $16 billion for enterprise application markets. IDC foundr that across the board, SaaS companiese in the fourth quarter of 2008 had theie bestperformance ever. As a result, the sectotr was one of the few for which the firm increased its growtu target for 2009 to40 percent.
The trend has promptedf traditional licensed softwaregiants , and SAP to all expand theifr online offerings, with varying degrees of success. Even , historicall y a seller of networking and communications technologyuand services, now has a suite of online SaaS collaboratio n tools, including WebEx Connect. “I view this as a key growthn enginefor us,” said Michaelo Clark, western region general managee for Microsoft’s small and mid-market although he predicted a mix of online and on-premise software will be In a tough economy, the subscription paymentg model provides stability and bolsters profitability, said Brendan an analyst with investment bank .
Companiews like Taleo complain, nevertheless, that accountingg rules require that expenses incurred winnin customers berecognized immediately, but subscriptiobn payments cannot be counted until they are actuallhy received. They say that being cash-flowq positive is what really matters, and that SEC filinge can be misleading, showing companies as unprofitable when they are in fact San Mateo-based has shown losses in ever fiscal period since it started in 2001. The companyh posted a net lossof $5.7 million during the quarterd ended March 31, for a totap accumulated deficit of $211.9 million. Last fall, as the econom y slowed, the company cut 168 jobs, bringing its headcountf to 600.
Still, SuccessFactors was boasting recently that it enjoyef record first quarter revenueof $35.2 up 50 percent over the previous year.
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