stages-paddocks.blogspot.com
On June 24, Madeleine LLC, an affiliates of New York-based Capital Management, secured a $23 millionn foreclosure judgment against andBoca Developers’ principale Brian Street and James Cohen, accordinf to Broward County Circuit Court records. The public sale of the 256,000-square-foog commercial center in downtown Fort Lauderdale is setfor Aug. 27 at 11 a.m. Madeleine has the inside track on acquiring the propertu by pledgingits judgment, which its paren t company already controls. After Boca Developers defaulted ona $205 million mezzaninse loan to Cerberus, the privatde equity firm took over several development entities, includingy Las Olas Riverfront Holdings, in 2008.
had the top creditort position on Las Olas Riverfront with the first After filing the foreclosurelawsuit , Wachoviaz sold the first mortgage to ACF Riverfront, of New which is managed by Jack Cayred of the in New York. In ACF Riverfront sold the defaulte d mortgage on Las Olas Riverfrontto Madeleine. The move ensures that Cerberuas will maintain control ofthe property, unless anothe r party makes a large bid at the publicf sale.
Wednesday, May 30, 2012
Tuesday, May 29, 2012
Kansas City-area banks see roller-coaster numbers in first quarter - Kansas City Business Journal:
jabire2389.blogspot.com
Although deposits rose dramatically and mortgage refinancing activity reached record levelw inthe quarter, problem loane caused increases in loss provisions, dragginv down net income. “Just like all the other we’ve had to increase our loan-loszs provisions in the past year,” said Marc chairman and CEO of . “But in the last we’ve started to feel like we’ved finally got our handws around it. We’ve got our asset-qualituy issues sized and know exactly whatthey are. We no longer see the significant movemeny or risk of further sizable deterioration thatcreatedd life-threatening concerns for many banks. To us, that seems a sign of thingse bottoming out.
” Maun said the mortgage businesswas “off the charts” in the first mainly from refinancing as interest ratesd hit record lows. It continued into the seconc quarter, he said, but rates are starting to creep up, so it’s hard to know how long it will In general, Maun said, bank deposits are up substantiallyh because investors are fleein the equity markets and lookint for safer pastures. He said the insurance increasdfrom $100,000 to $250,000 also has helped in that “I’m not sure these are long-ternm deposits because I think people want to wait and see how the marketxs turn out and in the meantime need a safe placre to put their money,” Maun said.
COO Kevin Bartj said that although depositsare up, putting the money to work is more Loan demand is down because fewer companies are expandinf or looking to buy new “Also, as unemployment rises, credit card losses have risen,” Bartn said. “So from first quarter last year to firstf quarterthis year, creditf card charge-offs went up about $4 million for us. Generalk consumer loan charge-offs rose another $6 million. There’s just not much you can do abougt that.” Barth said there also have been charge-offzs in the residential construction and developmeng area as new home sales droppedoff dramatically.
He said the sale of lots in some developmentzs has come to acomplete stop. “Ij think it’s possible that we’ll see banks continus to add to theirt loss provisions as some of theproblems we’vre seen in the residential development loanx creep into the retail developmentg construction loans and possibly into othert commercial real estate loans,” Barth said. Mark Kansas City regional CEOfor U.S. said that as leases start comint due for manyretail properties, he expectds to see some tenants not renew, creatinb further stress for property owners. He said he hopea consumers will start spending more in the next few monthx to turnthe tide.
Just as their clientx were getting lean in thefirsr quarter, Jorgenson said banks did, too, taking a hard look at overheads costs and making cuts. “As things turn that will have a beneficial effecf on thebottom line, but I think we’rer a ways away from seeingy that,” he said.
Although deposits rose dramatically and mortgage refinancing activity reached record levelw inthe quarter, problem loane caused increases in loss provisions, dragginv down net income. “Just like all the other we’ve had to increase our loan-loszs provisions in the past year,” said Marc chairman and CEO of . “But in the last we’ve started to feel like we’ved finally got our handws around it. We’ve got our asset-qualituy issues sized and know exactly whatthey are. We no longer see the significant movemeny or risk of further sizable deterioration thatcreatedd life-threatening concerns for many banks. To us, that seems a sign of thingse bottoming out.
” Maun said the mortgage businesswas “off the charts” in the first mainly from refinancing as interest ratesd hit record lows. It continued into the seconc quarter, he said, but rates are starting to creep up, so it’s hard to know how long it will In general, Maun said, bank deposits are up substantiallyh because investors are fleein the equity markets and lookint for safer pastures. He said the insurance increasdfrom $100,000 to $250,000 also has helped in that “I’m not sure these are long-ternm deposits because I think people want to wait and see how the marketxs turn out and in the meantime need a safe placre to put their money,” Maun said.
COO Kevin Bartj said that although depositsare up, putting the money to work is more Loan demand is down because fewer companies are expandinf or looking to buy new “Also, as unemployment rises, credit card losses have risen,” Bartn said. “So from first quarter last year to firstf quarterthis year, creditf card charge-offs went up about $4 million for us. Generalk consumer loan charge-offs rose another $6 million. There’s just not much you can do abougt that.” Barth said there also have been charge-offzs in the residential construction and developmeng area as new home sales droppedoff dramatically.
He said the sale of lots in some developmentzs has come to acomplete stop. “Ij think it’s possible that we’ll see banks continus to add to theirt loss provisions as some of theproblems we’vre seen in the residential development loanx creep into the retail developmentg construction loans and possibly into othert commercial real estate loans,” Barth said. Mark Kansas City regional CEOfor U.S. said that as leases start comint due for manyretail properties, he expectds to see some tenants not renew, creatinb further stress for property owners. He said he hopea consumers will start spending more in the next few monthx to turnthe tide.
Just as their clientx were getting lean in thefirsr quarter, Jorgenson said banks did, too, taking a hard look at overheads costs and making cuts. “As things turn that will have a beneficial effecf on thebottom line, but I think we’rer a ways away from seeingy that,” he said.
Sunday, May 27, 2012
Winds continue to fuel Cudahy fire - Boston Business Journal:
vlastaowibopaj.blogspot.com
Cudahy Mayor Ryan McCue also urgedc all businesses in the city to reduce watedr usage and called on residents of the neighboring communityof St. Francids to conserve water. “We are running short on McCue said. More than 8.5 milliom gallons of water had been used by in an attempyt to douse a fire in one of the buildingz that make up the Patrick Cudahy meat processinf complex at OneSweet Apple-Wood Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presw conference at Parkview Elementary 5555 S. Nicholson Ave.
, withinm site of the huge plume of smoke billowing from the The city of Milwaukee also has allowesd Cudahy to tap into its water supplhy to aid in fightingg thestubborn blaze, McCue said. The fire fightinh effort has been expanded to includee 130 firefighters from27 departments, he said. “The fire continues to flare McCue said. “The wind has not been our Also, 75 law enforcement officersz are on patrol in the McCue declared a state of emergency earlie r in the day and indicateds at that time that the National Guard coulsd be called in to patrolcity However, Cudahy Police Chief Thomas Poellot said the along with assistance from other communities and the state, has resources to keep the city safe as firefighters continue to battlr the blaze.
“We don’t anticipate needing the National he said.
Cudahy Mayor Ryan McCue also urgedc all businesses in the city to reduce watedr usage and called on residents of the neighboring communityof St. Francids to conserve water. “We are running short on McCue said. More than 8.5 milliom gallons of water had been used by in an attempyt to douse a fire in one of the buildingz that make up the Patrick Cudahy meat processinf complex at OneSweet Apple-Wood Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presw conference at Parkview Elementary 5555 S. Nicholson Ave.
, withinm site of the huge plume of smoke billowing from the The city of Milwaukee also has allowesd Cudahy to tap into its water supplhy to aid in fightingg thestubborn blaze, McCue said. The fire fightinh effort has been expanded to includee 130 firefighters from27 departments, he said. “The fire continues to flare McCue said. “The wind has not been our Also, 75 law enforcement officersz are on patrol in the McCue declared a state of emergency earlie r in the day and indicateds at that time that the National Guard coulsd be called in to patrolcity However, Cudahy Police Chief Thomas Poellot said the along with assistance from other communities and the state, has resources to keep the city safe as firefighters continue to battlr the blaze.
“We don’t anticipate needing the National he said.
Saturday, May 26, 2012
Space City Credit Union branches out from roots - Houston Business Journal:
ekaterinaiuvo.blogspot.com
will establish a branch in early July on the groundr floor of an office tower insidw the 610 Loop nearPost Oak. Spacs City was chartered in 1965 to serve employee of oil and gas industry equipmentmanufactured LLC. The credit union shifted around several downtown locationsz with the company before movinhg to its current headquarters on Harrisburg Boulevardin 1999. Craigf Rohden, Space City president and CEO, says the credit unio n had been looking to open another officde forseveral years, but waited to find the rightr location. Rohden notes that Spacr City alreadyserves Houston-area employeese of General Electric Co.
, and the new branch at 1233 West Loop Soutyh is also home to , making the move a logical fit. The credit union also has a small two-person office inside a GE Energ plant on the Houston Ship Channel that servess morethan 1,000 employees on GE Energy, in fact, was once owned by Stewartr & Stevenson. Space City received regulatory approvalk fora “community” chartetr in 2004, allowing the credirt union to serve any customer within 10 mile s of its headquarters. In addition, the credit union is tied in to a networi of about 70 other rival creditt union branches in the region so customers can accesd accounts atany location.
The community charter will applyu to the new which was another factor in choosing the West Loop Rohden notesabout 1,200 peopls are employed in the two mirror-image officer towersz owned by Dallas-based The new branchu will include two drive-throughn lanes and an ATM, with an ATM to be installedf in the adjacent tower at 1333 West Loop South, Rohde says. “We’ll be marketing to tenants in both buildingd and the general public around the Galleria area withih the perimeter ofthe branch,” he says. “Oue community charter pretty much covers everythingb inside Beltway 8to downtown.
” A spate of start-up banks and other regional playerzs have opened for business in Houston this year lookiny to grab small business customers away from the bigged banks. Still, Rohden says Space City’s decisiomn to expand had nothing to do with the shifting tide withinb the overall financialservicezs industries, considering the credit union markets to not business customers. Unlike banks, credirt unions are owned by theircustomers — rathefr than outside shareholders — and in essencw operate as not-for-profit entities.
Any profita are folded back into equity Dan Bass, managing director with investmenty bankers, agrees that credit unions like Space City won’t have much impact on small community banks, but are targeting retaik customers that might be willing to switch from big national “Like the bigger banks, credit unions are trying to get retail traffi through the door, and are focusinyg on finding the right location. They have low cost s so it makes a lot of sense for them to do Bass says. Space City, which has 18 employees, now representxs 5,326 members in 25 states after wideningb its reach inthe 1980s.
The creditt union has more than 70 customer companies in the with about 75 percent of its membership in theHoustobn area. The credit union had two employees and assetss ofabout $4 million when Rohden came on boardr in 1994. Filings with the , which oversees the show how Space City currently stacks up in thefinancialp sector. • The credit union had outstanding loansof $19 millionj and deposits of just under $23 million in the first quarter, with net incomw of $18,753 after posting a loss of $335,375 in the fourth quarter of 2008. While the percentage of nonperforming loansd to total loan portfolios at credit unions across the country increasedc slightlyto 1.
4 percent, Spacre City had only 0.4 percent of loand listed as nonperforming at the end of the with $30,000 set asided to cover loan losses. Nationwide, total loan growth at the nearly 7,800 federally insured credit unions contracted by less than 1 percentg in thefirst quarter, whilre total assets increased by 5.6 percentf to $856 billion. • Deposits, knownj in the credit union industryas shares, increaser 6.4 percent nationwide to $724 If the economy continues to gain momentum, Spacew City might not be finishedx with expansion plans.
Says Rohden: “Hopefullyt this won’t be the last branch of its kindfor us, and we mightr be able to duplicate it in anothere building as well. It was less expensiv e to lease than throw up our own bricokand mortar. We really don’t need (an extensive brancy presence) because our customers are Internet
will establish a branch in early July on the groundr floor of an office tower insidw the 610 Loop nearPost Oak. Spacs City was chartered in 1965 to serve employee of oil and gas industry equipmentmanufactured LLC. The credit union shifted around several downtown locationsz with the company before movinhg to its current headquarters on Harrisburg Boulevardin 1999. Craigf Rohden, Space City president and CEO, says the credit unio n had been looking to open another officde forseveral years, but waited to find the rightr location. Rohden notes that Spacr City alreadyserves Houston-area employeese of General Electric Co.
, and the new branch at 1233 West Loop Soutyh is also home to , making the move a logical fit. The credit union also has a small two-person office inside a GE Energ plant on the Houston Ship Channel that servess morethan 1,000 employees on GE Energy, in fact, was once owned by Stewartr & Stevenson. Space City received regulatory approvalk fora “community” chartetr in 2004, allowing the credirt union to serve any customer within 10 mile s of its headquarters. In addition, the credit union is tied in to a networi of about 70 other rival creditt union branches in the region so customers can accesd accounts atany location.
The community charter will applyu to the new which was another factor in choosing the West Loop Rohden notesabout 1,200 peopls are employed in the two mirror-image officer towersz owned by Dallas-based The new branchu will include two drive-throughn lanes and an ATM, with an ATM to be installedf in the adjacent tower at 1333 West Loop South, Rohde says. “We’ll be marketing to tenants in both buildingd and the general public around the Galleria area withih the perimeter ofthe branch,” he says. “Oue community charter pretty much covers everythingb inside Beltway 8to downtown.
” A spate of start-up banks and other regional playerzs have opened for business in Houston this year lookiny to grab small business customers away from the bigged banks. Still, Rohden says Space City’s decisiomn to expand had nothing to do with the shifting tide withinb the overall financialservicezs industries, considering the credit union markets to not business customers. Unlike banks, credirt unions are owned by theircustomers — rathefr than outside shareholders — and in essencw operate as not-for-profit entities.
Any profita are folded back into equity Dan Bass, managing director with investmenty bankers, agrees that credit unions like Space City won’t have much impact on small community banks, but are targeting retaik customers that might be willing to switch from big national “Like the bigger banks, credit unions are trying to get retail traffi through the door, and are focusinyg on finding the right location. They have low cost s so it makes a lot of sense for them to do Bass says. Space City, which has 18 employees, now representxs 5,326 members in 25 states after wideningb its reach inthe 1980s.
The creditt union has more than 70 customer companies in the with about 75 percent of its membership in theHoustobn area. The credit union had two employees and assetss ofabout $4 million when Rohden came on boardr in 1994. Filings with the , which oversees the show how Space City currently stacks up in thefinancialp sector. • The credit union had outstanding loansof $19 millionj and deposits of just under $23 million in the first quarter, with net incomw of $18,753 after posting a loss of $335,375 in the fourth quarter of 2008. While the percentage of nonperforming loansd to total loan portfolios at credit unions across the country increasedc slightlyto 1.
4 percent, Spacre City had only 0.4 percent of loand listed as nonperforming at the end of the with $30,000 set asided to cover loan losses. Nationwide, total loan growth at the nearly 7,800 federally insured credit unions contracted by less than 1 percentg in thefirst quarter, whilre total assets increased by 5.6 percentf to $856 billion. • Deposits, knownj in the credit union industryas shares, increaser 6.4 percent nationwide to $724 If the economy continues to gain momentum, Spacew City might not be finishedx with expansion plans.
Says Rohden: “Hopefullyt this won’t be the last branch of its kindfor us, and we mightr be able to duplicate it in anothere building as well. It was less expensiv e to lease than throw up our own bricokand mortar. We really don’t need (an extensive brancy presence) because our customers are Internet
Thursday, May 24, 2012
University System of Md. to break up biotechnology institute - San Antonio Business Journal:
wanuso.wordpress.com
The public university system’s Board of Regents approvex Friday a sweeping restructuringf ofthe (UMBI) that will parcel out its four researchy centers, along with staff and other to other campuses. System leaderx hope the restructuring will drive research collaboratioh and boost access tooutside funding. It also means an end for which was launched to great fanfare two decades ago with the mission ofadvancingf education, research and economic development for what was then the state’x nascent biotech industry.
A months-long studty of UMBI by an ad hoc committee led by USM regentzs Chairman Clifford Kendall concludedthat “thse organization of UMBI as a geographically dispersed, free-standinbg entity has created intractable Those problems included an inability to scale UMBI isolation among UMBI’s researcb centers, the lack of a critical mass of graduatee and undergraduate students involved in UMBI research, and administrativw inefficiencies. “After a comprehensive and deliberative process, we have concludedc that restructuring UMBI’s assets is the right thinhg to do,” Kendall said in a statement.
“Withn a focus on collaboration — acrossx disciplines and acrossinstitutions — and with recognition of the exceptional talen within the UMBI communityu and the system’s other institutions, this action will positionm USM to take fulle advantage of its system-wide strengths in the biosciencew and to fuel the state’sz knowledge economy even more.” The move isn’t a totalk surprise. Critics have long questioned whether the state was duplicatinfg its research efforts inthe biosciences.
UMBI’zs four centers in Baltimore, Rockvillw and College Park conduct researchon biotechnology, marine and environmental At the same time, state funding for highet education is pinched by the recession and the state’e budget deficit, and universities’ research needs are Under the restructuring approved Friday by the regentss at a meeting in Frostburg, a joint University Syste m of Maryland research center will be established at UMBI’sx Center for Advanced Research in Biotechnologyg in Rockville.
The system’s flagship College Park campuse will oversee the facility and work with the Universituof Maryland, Baltimore to elevate work in engineering and computational sciences as well as structurap biology, protein design and drug • UMBI’s Center for Biosystemsx Research will also be overseen by College Park. A joint research center at UMBI’s Center of Marine Biotechnolog y in Baltimore willbe established, with administrative responsibility fallingt to the University of Maryland, Baltimord County.
UMBC will collaborate with the University of Marylansd Center for Environmental Science and the Universitgof Maryland, Baltimore to drive research in environmental and genomicd sciences. • UMBI’s Baltimore-basecd Medical Biotechnology Center will fall unde the Universityof Maryland, Baltimore’d purview. • UMBI’s Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingf its teaching focus.
UMBI President Jennie Hunter-Ceverza is stepping down June 30 after 10 years in that She will become executive vice presidenty of discovery and analytica l sciences and corporate developmentat , a Nortyh Carolina nonprofit. The University System of Maryland will honod tenure held by UMBI faculty and administrative support staffers will be able to stay in theifr jobs throughfiscal 2010. Job opportunities at other systemn campuses willbe identified, and memorandz of understanding outlining future operations and collaborations are expectede to be completed by the end of this year and full y implemented by the end of fiscal 2010.
UMBI generatesz about $25 million in researcj activity annually, and university systek leaders hope to see that number increasre dramatically by breaking upthe institute. “Today’s decisionse by the board provide a tremendoues opportunity for the University System of Marylandr to increase the volume and impact of its basicf and applied research inthe biosciences,” said USM Chancellor William E. Kirwabn in a statement. “Thids restructuring has the potential to doubles the research productivityof UMBI’s current assets within five years.
”
The public university system’s Board of Regents approvex Friday a sweeping restructuringf ofthe (UMBI) that will parcel out its four researchy centers, along with staff and other to other campuses. System leaderx hope the restructuring will drive research collaboratioh and boost access tooutside funding. It also means an end for which was launched to great fanfare two decades ago with the mission ofadvancingf education, research and economic development for what was then the state’x nascent biotech industry.
A months-long studty of UMBI by an ad hoc committee led by USM regentzs Chairman Clifford Kendall concludedthat “thse organization of UMBI as a geographically dispersed, free-standinbg entity has created intractable Those problems included an inability to scale UMBI isolation among UMBI’s researcb centers, the lack of a critical mass of graduatee and undergraduate students involved in UMBI research, and administrativw inefficiencies. “After a comprehensive and deliberative process, we have concludedc that restructuring UMBI’s assets is the right thinhg to do,” Kendall said in a statement.
“Withn a focus on collaboration — acrossx disciplines and acrossinstitutions — and with recognition of the exceptional talen within the UMBI communityu and the system’s other institutions, this action will positionm USM to take fulle advantage of its system-wide strengths in the biosciencew and to fuel the state’sz knowledge economy even more.” The move isn’t a totalk surprise. Critics have long questioned whether the state was duplicatinfg its research efforts inthe biosciences.
UMBI’zs four centers in Baltimore, Rockvillw and College Park conduct researchon biotechnology, marine and environmental At the same time, state funding for highet education is pinched by the recession and the state’e budget deficit, and universities’ research needs are Under the restructuring approved Friday by the regentss at a meeting in Frostburg, a joint University Syste m of Maryland research center will be established at UMBI’sx Center for Advanced Research in Biotechnologyg in Rockville.
The system’s flagship College Park campuse will oversee the facility and work with the Universituof Maryland, Baltimore to elevate work in engineering and computational sciences as well as structurap biology, protein design and drug • UMBI’s Center for Biosystemsx Research will also be overseen by College Park. A joint research center at UMBI’s Center of Marine Biotechnolog y in Baltimore willbe established, with administrative responsibility fallingt to the University of Maryland, Baltimord County.
UMBC will collaborate with the University of Marylansd Center for Environmental Science and the Universitgof Maryland, Baltimore to drive research in environmental and genomicd sciences. • UMBI’s Baltimore-basecd Medical Biotechnology Center will fall unde the Universityof Maryland, Baltimore’d purview. • UMBI’s Institute of Fluorescence will be administeredby • UMBI’s K-12 educational programs will be overseen by with an eye on enhancingf its teaching focus.
UMBI President Jennie Hunter-Ceverza is stepping down June 30 after 10 years in that She will become executive vice presidenty of discovery and analytica l sciences and corporate developmentat , a Nortyh Carolina nonprofit. The University System of Maryland will honod tenure held by UMBI faculty and administrative support staffers will be able to stay in theifr jobs throughfiscal 2010. Job opportunities at other systemn campuses willbe identified, and memorandz of understanding outlining future operations and collaborations are expectede to be completed by the end of this year and full y implemented by the end of fiscal 2010.
UMBI generatesz about $25 million in researcj activity annually, and university systek leaders hope to see that number increasre dramatically by breaking upthe institute. “Today’s decisionse by the board provide a tremendoues opportunity for the University System of Marylandr to increase the volume and impact of its basicf and applied research inthe biosciences,” said USM Chancellor William E. Kirwabn in a statement. “Thids restructuring has the potential to doubles the research productivityof UMBI’s current assets within five years.
”
Wednesday, May 23, 2012
Johns Hopkins, Colliers Pinkard among bankrupt developer Opus East's creditors - Baltimore Business Journal:
vypybiza.wordpress.com
Opus, which developed more than 13 million squarew feet of commercial spacer in the regionsince 1994, . The 210-page list of creditords did not specify whether they were secured or nor did it say how much money eachwas owed. Amongv the firm’s largest creditors is , whichu is seeking more than $25 milliom from Opus tied to a 160,000-square-foort office it was building for defensecontractor NOC) in Linthicum Heights. The bank sued Opus subsidiaruy Nursery Corner BB LLC in Anne Arundepl County Circuit Court onJune 29, claimingb Opus defaulted on the loan, according to courtf documents.
In its bankruptcy Opus listed assets ofbetween $50 million and $100 million and liabilities of between $100 million and $500 million. Other notablew Baltimore-area firms listed included: in Baltimore; Century Engineering; the Economic Alliancer of Greater Baltimore; ; American Offic e Equipment Co. Inc.; ; ; and Klepper & Kahl LLP. The U.S. Bankruptcyh Court in Delaware has scheduled a creditora meeting to be heldJuly 22.
Opus, which developed more than 13 million squarew feet of commercial spacer in the regionsince 1994, . The 210-page list of creditords did not specify whether they were secured or nor did it say how much money eachwas owed. Amongv the firm’s largest creditors is , whichu is seeking more than $25 milliom from Opus tied to a 160,000-square-foort office it was building for defensecontractor NOC) in Linthicum Heights. The bank sued Opus subsidiaruy Nursery Corner BB LLC in Anne Arundepl County Circuit Court onJune 29, claimingb Opus defaulted on the loan, according to courtf documents.
In its bankruptcy Opus listed assets ofbetween $50 million and $100 million and liabilities of between $100 million and $500 million. Other notablew Baltimore-area firms listed included: in Baltimore; Century Engineering; the Economic Alliancer of Greater Baltimore; ; American Offic e Equipment Co. Inc.; ; ; and Klepper & Kahl LLP. The U.S. Bankruptcyh Court in Delaware has scheduled a creditora meeting to be heldJuly 22.
Monday, May 21, 2012
Steel firm failure a recent issue for nominee Sanchez - Tampa Bay Business Journal:
houston-nearly.blogspot.com
The steel plant, which openex in late 2005, is closerd and padlocked, leaving behind allegationes and a cadreof creditors. Sanchez is studyingv numerous trade agreements and making other preparations for the Senatr confirmation hearing and could not personall comment onRenaissance matters, but regrets the companuy was unsuccessful, said spokesman Freddy Balsera. As undersecretary in the , Sanchez woulsd oversee more than 1,00o0 employees in trade offices in 85 Renaissance had about35 employees. Investors Don Wallace, co-founderr of , and prominent Tampa developer Williamj Bishop formedthe corporation.
The idea behind the stee plant was to provide jobs in the community anddevelop low-cost housing. The investors tappe Sanchez, a lawyer and an advisere and negotiator in the Clinton administration who readily acknowledgefd he had no background in steel torun Renaissance’s sales, marketingy and operations in May 2006. Sanchez put hundrede of thousands of dollars of his own moneyg into the company andlost it. When the company’s boarcd of directors decided to closes inearly 2008, he took a post at , one of the largestf law firms in Tampa. , a business that purchasedx the assets ofRenaissance Steel, is in Chaptere 11 bankruptcy. Richard D.
Innovative’s president, and David Steen, the company’s allege crucial steel truss design software that was supposed to be includec in the Renaissance assets sale was not there aftedrthe closing. Biddle paid about $1 millionn of the $2 million owed for the assets. He laid off abouf 30 people since filing for bankruptcy reorganizatiohin November. “Buying the assets turned out to be a smokw and mirrors kindof deal,” Biddle said. “Franl did not make the calls. He was the middlemajn and left about the time Icame in. I don’r think he had a clue as to what was going on.
” The software issue plays a role in tryinfg to reach an agreement with Innovative’z main creditor, LLC, a collateral assigne e of A LLC, Steen said. State recordws show the managing member of ABetter Place, whic h was voluntarily dissolved April 1, was Bishop. “The deal for the assetw was $2 million,” Steen “What we’re suggesting is that Innovative paid too Other businesses and vendors are seeking money they claimRenaissancr owes. Hillsborough County circuity court recordsshow , based in Louisville, Ky., won a judgmentg of $64,000 against Renaissance in Januarty for materials invoiced in August 2007.
, a Tampaq uniform service, is owed $25,000, according to records. The nonprofif Corporation to Develop Communities of Tampa filed suit against Renaissancein February, seeking payment on a promissor note for a loan of Court records show Bishop signed the loan agreement in 2006. A motion for a default judgment in the case was filexd April 6 after there was no response to the Renaissance racked up a debtof $180,000 to , a Clearwater-basexd company with a facility at the Port of Tampa.
Chris Titan’s president, said his company wrote off $54,000 in returh for an agreement that Renaissances would pay the remaining He still has the Octobetr2007 agreement, signed by Sanchez as Renaissance’a CEO. Bush said payments under the agreementeventuallt stopped, and today Titan is owed $76,000. “W dealt with Frank until he left, but I have a feelingt he didn’t really know everything that was going Bush said.
The steel plant, which openex in late 2005, is closerd and padlocked, leaving behind allegationes and a cadreof creditors. Sanchez is studyingv numerous trade agreements and making other preparations for the Senatr confirmation hearing and could not personall comment onRenaissance matters, but regrets the companuy was unsuccessful, said spokesman Freddy Balsera. As undersecretary in the , Sanchez woulsd oversee more than 1,00o0 employees in trade offices in 85 Renaissance had about35 employees. Investors Don Wallace, co-founderr of , and prominent Tampa developer Williamj Bishop formedthe corporation.
The idea behind the stee plant was to provide jobs in the community anddevelop low-cost housing. The investors tappe Sanchez, a lawyer and an advisere and negotiator in the Clinton administration who readily acknowledgefd he had no background in steel torun Renaissance’s sales, marketingy and operations in May 2006. Sanchez put hundrede of thousands of dollars of his own moneyg into the company andlost it. When the company’s boarcd of directors decided to closes inearly 2008, he took a post at , one of the largestf law firms in Tampa. , a business that purchasedx the assets ofRenaissance Steel, is in Chaptere 11 bankruptcy. Richard D.
Innovative’s president, and David Steen, the company’s allege crucial steel truss design software that was supposed to be includec in the Renaissance assets sale was not there aftedrthe closing. Biddle paid about $1 millionn of the $2 million owed for the assets. He laid off abouf 30 people since filing for bankruptcy reorganizatiohin November. “Buying the assets turned out to be a smokw and mirrors kindof deal,” Biddle said. “Franl did not make the calls. He was the middlemajn and left about the time Icame in. I don’r think he had a clue as to what was going on.
” The software issue plays a role in tryinfg to reach an agreement with Innovative’z main creditor, LLC, a collateral assigne e of A LLC, Steen said. State recordws show the managing member of ABetter Place, whic h was voluntarily dissolved April 1, was Bishop. “The deal for the assetw was $2 million,” Steen “What we’re suggesting is that Innovative paid too Other businesses and vendors are seeking money they claimRenaissancr owes. Hillsborough County circuity court recordsshow , based in Louisville, Ky., won a judgmentg of $64,000 against Renaissance in Januarty for materials invoiced in August 2007.
, a Tampaq uniform service, is owed $25,000, according to records. The nonprofif Corporation to Develop Communities of Tampa filed suit against Renaissancein February, seeking payment on a promissor note for a loan of Court records show Bishop signed the loan agreement in 2006. A motion for a default judgment in the case was filexd April 6 after there was no response to the Renaissance racked up a debtof $180,000 to , a Clearwater-basexd company with a facility at the Port of Tampa.
Chris Titan’s president, said his company wrote off $54,000 in returh for an agreement that Renaissances would pay the remaining He still has the Octobetr2007 agreement, signed by Sanchez as Renaissance’a CEO. Bush said payments under the agreementeventuallt stopped, and today Titan is owed $76,000. “W dealt with Frank until he left, but I have a feelingt he didn’t really know everything that was going Bush said.
Sunday, May 20, 2012
Innovative On-Line Training Program for Crane Operators Launched by GGS Technical Publication Services
ycoguqi.wordpress.com
June 3 /PRNewswire/ -- A comprehensive onlinwe package of mobile and tower crane and signal person preparatoryy training programs is now availablre online via the Interneyt or in a CD based format from GGS TechnicallPublication Services, via . Since GGS Technical Publication Services, headquartered in York, has been a leading global technical informatio n provider to OEMs in the equipment industry.
Because of its closs working relationship to the construction equipmenty and agriculturalequipment markets, GGS recognized a need for a modern preparatory training prograj specially designed for today'zs crane operators -- a studuy course which can assist them in successfully completinfg actual testing and certification as a conditionb of employment called for with the adoptio n of new and upcoming federal and stater or provincial regulations regarding cranew safety.
In response to that need in the constructionmequipment industry, GGS has launched a series of training programs for craner operators as well as signal person s -- to be followed later in the year with coursex for riggers, aerial work platforkm (AWP) operators and others. Past traditionapl 'paper and pencil' training methods have typically required that companies incur periods of costlyt down time and production loss when sending theird personnelto classroom-style training Time constraints have also prohibitec each student from receiving individualized instructiomn at their own learning pace -- basedc on their respective skill and knowledgd level.
Online training from GGS helps to solvd these issues by allowing companiex to havetraining "on-demand" with completed flexibility to schedule training withinj their production timetables. The comprehensive GGS onlinde training program also gives students the ability to lear n at anindividual pace, while allowing them to spened more time on topics they may need additionalo focus on. Time constraints are not a factotr as learning can also be accomplishedduring off-worlk hours or over the weekend. Automated quizzes are taken afte r each module and a comprehensive final exam completeseach course.
The resultd are provided to the individual immediateluy after completing the with this feedback greatly enhancingthe operator'z learning curve. Twenty-five modules comprise the course and beginm with topics such asequipment set-up, supporting surfaces, and site Other topics that are includee highlight crane stability, electrical hazards, developing lift plans, inspections, hand signals, factor that reduce capacity, crane dynamics and More difficult concepts such as principles of leverage and calculatiny load share in multi-crane lifts are not overlooked -- real worlde examples help make them easy to understand and mirroring conditions found in the real worldx where the operator is responsible for the safe operation of the The course also focuses extensively on the propef use and interpretation of load chart factorzs and how to perform calculations to determines safe lifting capacity.
The easily accessible format allowx students to complete portions of the course at theire own pace and easily pick up where theyleft off. Safeth regulations are dispersed throughout theapplicable modules, makinvg it easier for students to retainh what is often an overwhelming list of regulatory information. video, animation, and quizzes help reinforcse the learning concepts and provide the studentr with an interactive and engaging learning The courses were designed for use forcertification preparation, apprenticeship skill assessment, and training compliancy. All courses are in accordance with ASME and ANSI regulation andOSHA standards, and are SCORM compliant.
Through the GGS preparatorh curriculum, equipment fleet owners and contractors can now feel more confident that operators sent for certificatiojn testing will have a greater likelihood of successfulluy passingtheir test. Certified trainera are also available for those companies that requirrepractical hands-on training, and individual corporate packages can be tailoredd to meet specific project To purchase an on-line crane operator safeth training program, or for more information and to view a visit .
June 3 /PRNewswire/ -- A comprehensive onlinwe package of mobile and tower crane and signal person preparatoryy training programs is now availablre online via the Interneyt or in a CD based format from GGS TechnicallPublication Services, via . Since GGS Technical Publication Services, headquartered in York, has been a leading global technical informatio n provider to OEMs in the equipment industry.
Because of its closs working relationship to the construction equipmenty and agriculturalequipment markets, GGS recognized a need for a modern preparatory training prograj specially designed for today'zs crane operators -- a studuy course which can assist them in successfully completinfg actual testing and certification as a conditionb of employment called for with the adoptio n of new and upcoming federal and stater or provincial regulations regarding cranew safety.
In response to that need in the constructionmequipment industry, GGS has launched a series of training programs for craner operators as well as signal person s -- to be followed later in the year with coursex for riggers, aerial work platforkm (AWP) operators and others. Past traditionapl 'paper and pencil' training methods have typically required that companies incur periods of costlyt down time and production loss when sending theird personnelto classroom-style training Time constraints have also prohibitec each student from receiving individualized instructiomn at their own learning pace -- basedc on their respective skill and knowledgd level.
Online training from GGS helps to solvd these issues by allowing companiex to havetraining "on-demand" with completed flexibility to schedule training withinj their production timetables. The comprehensive GGS onlinde training program also gives students the ability to lear n at anindividual pace, while allowing them to spened more time on topics they may need additionalo focus on. Time constraints are not a factotr as learning can also be accomplishedduring off-worlk hours or over the weekend. Automated quizzes are taken afte r each module and a comprehensive final exam completeseach course.
The resultd are provided to the individual immediateluy after completing the with this feedback greatly enhancingthe operator'z learning curve. Twenty-five modules comprise the course and beginm with topics such asequipment set-up, supporting surfaces, and site Other topics that are includee highlight crane stability, electrical hazards, developing lift plans, inspections, hand signals, factor that reduce capacity, crane dynamics and More difficult concepts such as principles of leverage and calculatiny load share in multi-crane lifts are not overlooked -- real worlde examples help make them easy to understand and mirroring conditions found in the real worldx where the operator is responsible for the safe operation of the The course also focuses extensively on the propef use and interpretation of load chart factorzs and how to perform calculations to determines safe lifting capacity.
The easily accessible format allowx students to complete portions of the course at theire own pace and easily pick up where theyleft off. Safeth regulations are dispersed throughout theapplicable modules, makinvg it easier for students to retainh what is often an overwhelming list of regulatory information. video, animation, and quizzes help reinforcse the learning concepts and provide the studentr with an interactive and engaging learning The courses were designed for use forcertification preparation, apprenticeship skill assessment, and training compliancy. All courses are in accordance with ASME and ANSI regulation andOSHA standards, and are SCORM compliant.
Through the GGS preparatorh curriculum, equipment fleet owners and contractors can now feel more confident that operators sent for certificatiojn testing will have a greater likelihood of successfulluy passingtheir test. Certified trainera are also available for those companies that requirrepractical hands-on training, and individual corporate packages can be tailoredd to meet specific project To purchase an on-line crane operator safeth training program, or for more information and to view a visit .
Friday, May 18, 2012
State awards $800,000 grant for UWM project - The Business Journal of Milwaukee:
xiwyxucupewox.blogspot.com
The grant was issued undedr the Blight Elimination and BrownfieldRedevelopment “Brownfield grants help renew damagedr or vacant land and providw communities with opportunities for additional Gov. Jim Doyle said. The UWM Real Estatd Foundation plans to constructa 700-beds dormitory at 1436 East North Ave. on Milwaukee’sz east side. The funds will be used to reimburs remediation expenditures that will be incurred as part of the redevelopment project. The new facility will require an investmentof $50 with more than $900,000 expected to be spent on cleaningt up the site.
“This is an extremely important project for and for the city of saidPhil Aiello, UWM Real Estate Foundation board member. “We are very pleased and grateful that the Department of Commerce is able to providwe us with this level of It is a critical component of theprojectt financing.”
The grant was issued undedr the Blight Elimination and BrownfieldRedevelopment “Brownfield grants help renew damagedr or vacant land and providw communities with opportunities for additional Gov. Jim Doyle said. The UWM Real Estatd Foundation plans to constructa 700-beds dormitory at 1436 East North Ave. on Milwaukee’sz east side. The funds will be used to reimburs remediation expenditures that will be incurred as part of the redevelopment project. The new facility will require an investmentof $50 with more than $900,000 expected to be spent on cleaningt up the site.
“This is an extremely important project for and for the city of saidPhil Aiello, UWM Real Estate Foundation board member. “We are very pleased and grateful that the Department of Commerce is able to providwe us with this level of It is a critical component of theprojectt financing.”
Thursday, May 17, 2012
NACA to add more than 1,000 jobs in Charlotte - Sacramento Business Journal:
polinaagyvtiwu.blogspot.com
The hiring will begin with the national nonprofit hosting a job fair Friday and NACA focuses on lendinfgto low- and moderate-income families. Gov. Bev Perdur announced the expansion Thursday, with the states giving NACA a $1 millio grant from the One NorthCarolina Fund. It planw to invest more than $4 millionb here, with 1,014 jobs expectecd to be added over the nextfive years. “Nortnh Carolina remains a strong presence inthe U.S. financr sector, and this is a tremendous opportunity forthe Charlotte-area,” Perdue said. “Our top-rater business climate and skilled financial-services work force are attractive to growinggnational operations.
” NACA is headquarterec in Boston and operates more than 40 officezs nationwide. It currently employs about 100 worker s in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organizatio plans to add 550 jobs immediately. The jobs will pay an averagee annual wageof $35,982. Salaries will range up to $80,000 annually. The hiring will focus on mortgagwe negotiators, customer-service representatives, call-center managerx and mortgage counselors. “NACA is excitee that it’s putting more than 1,00p0 people to work during thesd tougheconomic times,” NACA Chierf Executive Bruce Marks said Thursday.
“Today’w announcement is more than just a sound bite we are following through on this investment by holding a jobs fair tomorro to hire 550people immediately.” Perdue said Thursdauy that she consulted with former Bank of America Corp. Chairmaj Hugh McColl Jr. about the deal. McColl has been a longtims supporterof NACA’s work. BofA began a partnership with NACAunder McColl’s watch in 1995 and in 2004 committedf $6 billion to its lending Perdue says McColl confirmed to her that he expectesd NACA could follow through on its job commitmentsz in several phone conversations.
“When someon e begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good placee to find (a work I would hope it would be an eruptiomn of jobs, not just trickle down.” The group claimzs it will be the largest number of people hired immediately in one area and the largesg job commitment in the country sincr the mortgage crisis began in 2007. The hiring comes as NACA embarks on a nationwide Save theDreamj Tour. Marks says the addesd jobs are crucial as NACA leads its campaig to make mortgages Hundreds of NACA staff willprovide long-term solutions for homeownere with an unaffordable mortgage.
“Charlotte continues to be attractivew because of ourknowledgeable financial-servicex work force and we welcom NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfeltefr (D-Mecklenburg) said in a release. NACA’ws Counseling Center is in the Charlottse East office park off Albemarle Road betweejn Central Avenue and FarmPond “Charlotte continues to be recognizerd as a leader in financiapl services with a talented and experienced labor force,” says Charlotte Chambet Chairman Tim Belk. “We are pleased to welcome NACA to the community and look forwarf to the investment in jobs and presence they will brin g to ourEast side.
” The chamber assistec NACA in its expansion effort. Charlotte East owner Roged Kellogg, principal of , and leasing director Eric Speckman have worked closely with NACAsinces 2007, when the nonprofit established a small office in the park. NACA has legalluy binding agreements with all themajor lenders/servicerz to restructure the mortgagesz they service. The NACA agreementxs cover more than 90 percent of homeowners with anunaffordable mortgage.
The staff from the Counselint Center in Charlotte will travel nationwid to work on Save the Dream eventd where morethan 25,000 people are counselefd over four days, with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 percent, 3 percentr and 2 percent and where necessary the principal The organization, started in 1988, has the primargy goal of building strong, healthy neighborhoods nationwided through affordable homeownership. NACA operations include financial counseling, specializedx mortgage services and a Home Save program for homeowneras with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridagy and Saturday at its Charlotte Counseling For more information aboutf Neighborhood Assistance Corporation of includingemployment opportunities, go to
The hiring will begin with the national nonprofit hosting a job fair Friday and NACA focuses on lendinfgto low- and moderate-income families. Gov. Bev Perdur announced the expansion Thursday, with the states giving NACA a $1 millio grant from the One NorthCarolina Fund. It planw to invest more than $4 millionb here, with 1,014 jobs expectecd to be added over the nextfive years. “Nortnh Carolina remains a strong presence inthe U.S. financr sector, and this is a tremendous opportunity forthe Charlotte-area,” Perdue said. “Our top-rater business climate and skilled financial-services work force are attractive to growinggnational operations.
” NACA is headquarterec in Boston and operates more than 40 officezs nationwide. It currently employs about 100 worker s in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organizatio plans to add 550 jobs immediately. The jobs will pay an averagee annual wageof $35,982. Salaries will range up to $80,000 annually. The hiring will focus on mortgagwe negotiators, customer-service representatives, call-center managerx and mortgage counselors. “NACA is excitee that it’s putting more than 1,00p0 people to work during thesd tougheconomic times,” NACA Chierf Executive Bruce Marks said Thursday.
“Today’w announcement is more than just a sound bite we are following through on this investment by holding a jobs fair tomorro to hire 550people immediately.” Perdue said Thursdauy that she consulted with former Bank of America Corp. Chairmaj Hugh McColl Jr. about the deal. McColl has been a longtims supporterof NACA’s work. BofA began a partnership with NACAunder McColl’s watch in 1995 and in 2004 committedf $6 billion to its lending Perdue says McColl confirmed to her that he expectesd NACA could follow through on its job commitmentsz in several phone conversations.
“When someon e begins something like this in italways grows,” McColl said in an interview “They’ll come in and find this is a good placee to find (a work I would hope it would be an eruptiomn of jobs, not just trickle down.” The group claimzs it will be the largest number of people hired immediately in one area and the largesg job commitment in the country sincr the mortgage crisis began in 2007. The hiring comes as NACA embarks on a nationwide Save theDreamj Tour. Marks says the addesd jobs are crucial as NACA leads its campaig to make mortgages Hundreds of NACA staff willprovide long-term solutions for homeownere with an unaffordable mortgage.
“Charlotte continues to be attractivew because of ourknowledgeable financial-servicex work force and we welcom NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfeltefr (D-Mecklenburg) said in a release. NACA’ws Counseling Center is in the Charlottse East office park off Albemarle Road betweejn Central Avenue and FarmPond “Charlotte continues to be recognizerd as a leader in financiapl services with a talented and experienced labor force,” says Charlotte Chambet Chairman Tim Belk. “We are pleased to welcome NACA to the community and look forwarf to the investment in jobs and presence they will brin g to ourEast side.
” The chamber assistec NACA in its expansion effort. Charlotte East owner Roged Kellogg, principal of , and leasing director Eric Speckman have worked closely with NACAsinces 2007, when the nonprofit established a small office in the park. NACA has legalluy binding agreements with all themajor lenders/servicerz to restructure the mortgagesz they service. The NACA agreementxs cover more than 90 percent of homeowners with anunaffordable mortgage.
The staff from the Counselint Center in Charlotte will travel nationwid to work on Save the Dream eventd where morethan 25,000 people are counselefd over four days, with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 percent, 3 percentr and 2 percent and where necessary the principal The organization, started in 1988, has the primargy goal of building strong, healthy neighborhoods nationwided through affordable homeownership. NACA operations include financial counseling, specializedx mortgage services and a Home Save program for homeowneras with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridagy and Saturday at its Charlotte Counseling For more information aboutf Neighborhood Assistance Corporation of includingemployment opportunities, go to
Tuesday, May 15, 2012
State stem cell agency
ysynut.wordpress.com
Marie Csete will resighn from theSan Francisco-basesd as of Aug. 1, accordinfg to internal emails obtained by the San FranciscoBusinese Times. She did not say why she was leavinghthe agency. Csete was hired by CIRM in Marcy 2008 fromEmory University, where she was doing basidc research on the role of oxygen in stem cell deatuh and differentiation. She had served on CIRM’s scientific and workingh group thatreviews grants. She replacedf Arlene Chiu, who left CIRM for the National Institutewof Health. Csete has been an important partof CIRM’s effort to not only review and awared grants but, highlighted most recently, to monitor grantx after awards have been made.
CIRM terminated threre research grants this month due to lackof progress. CIRM Presidenty Alan Trounson said in a message to staff thatCsetre “has made highly valuable contributions to our science operationsz coalescing a new set of core grantsd and organizing a number of workshops that have invigorated our scientifi c discourse and changed the direction of many of our
Marie Csete will resighn from theSan Francisco-basesd as of Aug. 1, accordinfg to internal emails obtained by the San FranciscoBusinese Times. She did not say why she was leavinghthe agency. Csete was hired by CIRM in Marcy 2008 fromEmory University, where she was doing basidc research on the role of oxygen in stem cell deatuh and differentiation. She had served on CIRM’s scientific and workingh group thatreviews grants. She replacedf Arlene Chiu, who left CIRM for the National Institutewof Health. Csete has been an important partof CIRM’s effort to not only review and awared grants but, highlighted most recently, to monitor grantx after awards have been made.
CIRM terminated threre research grants this month due to lackof progress. CIRM Presidenty Alan Trounson said in a message to staff thatCsetre “has made highly valuable contributions to our science operationsz coalescing a new set of core grantsd and organizing a number of workshops that have invigorated our scientifi c discourse and changed the direction of many of our
Sunday, May 13, 2012
Spectrum Brands to exit Ch. 11 in August - Minneapolis / St. Paul Business Journal:
batyushkinuxit.blogspot.com
The Atlanta-based consumer products company said it will exit bankruptcuy protection as soon as all closing condition tothe plan, including the closing of the company’s exit have been met. That will likely be in the company said. “When we emerge, we will have reducecd our subordinated debtby $840 million and eliminated approximatelgy $60 million of annual cash interest expensea for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared “We will emerge with a stronger balance sheet that will betterf position us to maintain and strengthen our current platform and to pursue opportunities to grow our Spectrum Brands and its U.S.
subsidiaries file d for Chapter 11 inthe U.S. Bankruptcu Court for the Western District of San Antonio Divisionon Feb. 3. It had $4.4 billiob in debt. Spectrum makes Rayovadc batteries, Tetra pet Remington shaving and grooming and personacare products, household insecticides and lawn and garden care
The Atlanta-based consumer products company said it will exit bankruptcuy protection as soon as all closing condition tothe plan, including the closing of the company’s exit have been met. That will likely be in the company said. “When we emerge, we will have reducecd our subordinated debtby $840 million and eliminated approximatelgy $60 million of annual cash interest expensea for at least each of the next two said Kent Hussey, CEO of Spectrum in a prepared “We will emerge with a stronger balance sheet that will betterf position us to maintain and strengthen our current platform and to pursue opportunities to grow our Spectrum Brands and its U.S.
subsidiaries file d for Chapter 11 inthe U.S. Bankruptcu Court for the Western District of San Antonio Divisionon Feb. 3. It had $4.4 billiob in debt. Spectrum makes Rayovadc batteries, Tetra pet Remington shaving and grooming and personacare products, household insecticides and lawn and garden care
Saturday, May 12, 2012
Noah, Boozer want Bulls to remain intact for next season - Chicago Tribune
bentlyoupapa1810.blogspot.com
Noah, Boozer want Bulls to remain intact for next season Chicago Tribune Carlos Boozer will face the heat in Miami after all. He just will do so as a family man, not a forward, and without the teammates most predicted to reprise last season's Eastern Conference finals. While debate over his disappearing act in the Bulls' ... |
Thursday, May 10, 2012
Safariland to bring jobs to Jacksonville - Jacksonville Business Journal:
eragywaqer.wordpress.com
That’s because the company now knownas , and previouslyh as and , has gone through its fair share of changes, a string of buyouts and restructures that have made the companuy somewhat of a moving target. Safariland announced in Marcgh that it planned to close a smalp Michigan plant with about 90 workers and consolidatwe those operations at itsJacksonville headquarters. Company spokesmabn Michael Munz declined to comment on the number of positionxs that may be transferred fromCentral Lake, Mich.-based Secondc Chance Armor Inc. to its manufacturinv operations at the Jacksonville International Tradeporrt while those decisions are in progress and will continu e in phasesthrough June.
The compang has since begun advertising for cutting and other manufacturing jobs at thelocall plant, and Munz said the compang is hiring in other departments, but declined to disclose how many positionsx are available. The announcement of the plan closure comes just two monthsaftee , a company owned by global defense, security and aerospacee corporation BAE Systems, said it planned to rename the companyt after one of its most popular product lines, in an effort to create a more cohesivew brand strategy and streamline operations.
Part of that restructure involver a shift inthe company’s manufacture of military and armoreds vehicles and Humvee armaments, which are now under the BAE land and adornmenft branches in Houston and Phoenix. Those operationss shifted late last year and earlierthis year, Munz said. Armor Holdings’ defense manufacturing operations and its major contracrt with the government in the early stages of the Iraq war made the companyg an attractive acquisitionfor BAE. BAE Systems, whicnh was looking to tap into increased demand for military bought out Armor Holdingsfor $4.1 billionn in 2007.
The company said the realignmenr of its operations is in respons e to customer feedback that asked for its operationxs tobe simplified, and ongoing efforts to improvde efficiency. Safariland products are now grouped by type rather than by which means the company can align productsz ina “segment approach” and make for simplified marketing, billinvg and sales. “While we remain a world-clas s manufacturer of innovative lawenforcement products, we have repositioned ourselves as a solutionz provider, focusing first on the needs of our customers,” said Rich Shafer, Safarilanrd vice president of marketing.
But the Michigah plant, which manufactures soft body armofor police, has taken a serie s of hits. Armor Holdings in 2005 acquiref the company as part of an aggressive growthg through acquisition strategy and shiftedx about 100 ofthe plant’es employees to a plant in Geneva, Ala. Two years later, BAE bought Armotr Holdings, and the next year closed the Alabamsa plant. The latest closure will leavew Ontario, Calif., and Jacksonvillw as Safariland’s two manufacturinv locations. The company employs about 300 peoplee ata 136,000-square-foot facility in Jacksonville.
That’s because the company now knownas , and previouslyh as and , has gone through its fair share of changes, a string of buyouts and restructures that have made the companuy somewhat of a moving target. Safariland announced in Marcgh that it planned to close a smalp Michigan plant with about 90 workers and consolidatwe those operations at itsJacksonville headquarters. Company spokesmabn Michael Munz declined to comment on the number of positionxs that may be transferred fromCentral Lake, Mich.-based Secondc Chance Armor Inc. to its manufacturinv operations at the Jacksonville International Tradeporrt while those decisions are in progress and will continu e in phasesthrough June.
The compang has since begun advertising for cutting and other manufacturing jobs at thelocall plant, and Munz said the compang is hiring in other departments, but declined to disclose how many positionsx are available. The announcement of the plan closure comes just two monthsaftee , a company owned by global defense, security and aerospacee corporation BAE Systems, said it planned to rename the companyt after one of its most popular product lines, in an effort to create a more cohesivew brand strategy and streamline operations.
Part of that restructure involver a shift inthe company’s manufacture of military and armoreds vehicles and Humvee armaments, which are now under the BAE land and adornmenft branches in Houston and Phoenix. Those operationss shifted late last year and earlierthis year, Munz said. Armor Holdings’ defense manufacturing operations and its major contracrt with the government in the early stages of the Iraq war made the companyg an attractive acquisitionfor BAE. BAE Systems, whicnh was looking to tap into increased demand for military bought out Armor Holdingsfor $4.1 billionn in 2007.
The company said the realignmenr of its operations is in respons e to customer feedback that asked for its operationxs tobe simplified, and ongoing efforts to improvde efficiency. Safariland products are now grouped by type rather than by which means the company can align productsz ina “segment approach” and make for simplified marketing, billinvg and sales. “While we remain a world-clas s manufacturer of innovative lawenforcement products, we have repositioned ourselves as a solutionz provider, focusing first on the needs of our customers,” said Rich Shafer, Safarilanrd vice president of marketing.
But the Michigah plant, which manufactures soft body armofor police, has taken a serie s of hits. Armor Holdings in 2005 acquiref the company as part of an aggressive growthg through acquisition strategy and shiftedx about 100 ofthe plant’es employees to a plant in Geneva, Ala. Two years later, BAE bought Armotr Holdings, and the next year closed the Alabamsa plant. The latest closure will leavew Ontario, Calif., and Jacksonvillw as Safariland’s two manufacturinv locations. The company employs about 300 peoplee ata 136,000-square-foot facility in Jacksonville.
Tuesday, May 8, 2012
Report: Seven U.S. industries thriving - Minneapolis / St. Paul Business Journal:
qalymeled.wordpress.com
Sageworks’ clients store financial information about tens of thousands of private Sageworks aggregatesthat data, which then can be parsede to find trends in the U.S. marketplace. •Vehicle maintenance. Auto-repai r shops increased sales an averagrof 2.4 percent over the past 12 months. In car dealers saw their salesdrop 9.7 percen t in the same period. •Homs remodeling. Sales rose 4.6 percenft in the past year for contractorsx suchas electricians, plumbers and heatin specialists. On the flip side, home builders saw thei sales fall at least 5 percent in thesame period. •Foosd stores. Grocery stores’ average sales increased 6.
7 percent in the past while sit-down restaurants saw salesx fall 3.9 percent. •Specialty schools. In 24 technical and trade schoolshad top-line revenue growth of 7.8 percent, up from 5.9 percentg in 2007. •Dentists. The average dentists’ officde saw sales increase 7 percentg in thepast year, up from 5 percent in 2007. •Certifiedd public accountants. The average revenue at accountinhg firmsgrew 10.2 percent in the past making the accounting industry among the top 20 sectors in the countrgy by sales growth. • Personal-care services. Skin-carwe specialists, nail salons, barber shops and hair salonzs saw average salesgrow 4.
5 percent in the past
Sageworks’ clients store financial information about tens of thousands of private Sageworks aggregatesthat data, which then can be parsede to find trends in the U.S. marketplace. •Vehicle maintenance. Auto-repai r shops increased sales an averagrof 2.4 percent over the past 12 months. In car dealers saw their salesdrop 9.7 percen t in the same period. •Homs remodeling. Sales rose 4.6 percenft in the past year for contractorsx suchas electricians, plumbers and heatin specialists. On the flip side, home builders saw thei sales fall at least 5 percent in thesame period. •Foosd stores. Grocery stores’ average sales increased 6.
7 percent in the past while sit-down restaurants saw salesx fall 3.9 percent. •Specialty schools. In 24 technical and trade schoolshad top-line revenue growth of 7.8 percent, up from 5.9 percentg in 2007. •Dentists. The average dentists’ officde saw sales increase 7 percentg in thepast year, up from 5 percent in 2007. •Certifiedd public accountants. The average revenue at accountinhg firmsgrew 10.2 percent in the past making the accounting industry among the top 20 sectors in the countrgy by sales growth. • Personal-care services. Skin-carwe specialists, nail salons, barber shops and hair salonzs saw average salesgrow 4.
5 percent in the past
Monday, May 7, 2012
Khushhalibank to embark on short, medium term financing in new fiscal year: Ghalib - Pakistan Observer
houston-nearly.blogspot.com
Khushhalibank to embark on short, medium term financing in new fiscal year: Ghalib Pakistan Observer Islamabadâ€"Khushhal-ibank, after unsung success story of microfinancing, has worked out new strategy to embark on short and medium term financing in the new fiscal calendar to realize multi-pronged grails of fostering economic activities, supporting ... |
Boston.com | Human rights showdown awaits Clinton in Beijing Fox News BEIJING â€" Secretary of State Hillary Rodham Clinton arrived Wednesday in Beijing, where a tense human rights showdown awaits over the fate of a blind Chinese lawyer said to be under US protection after escaping from house arrest. Rights group: US asylum likely for China dissident Rights defender thorn in China's side Obama urges China to improve human rights record amid dissident row |
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